U.S.National Debt (real time) 8-01-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! The Daily Market Report
Aug 1st, 2011 PG
‘Relief? What Relief? http://www.usagold.com/cpmforum Late
last night when party leaders and the President announced that they had reached
a bipartisan deal that would allow the debt ceiling to be raised, gold dropped
about 1%. Global stocks rallied in relief and briefly, ever so briefly, gold
was out of favor…CBO scores the package as accomplishing $2.1 trillion in
spending cuts over the next 10-years, the CBO baseline also has the deficit
rising $6.7 trillion over the same period. The premise apparently being that
we’re working our way to actual cutting by cutting to slow the pace of the
nation’s proliferate spending. In actuality — and as evidenced below — that CBO
baseline may prove to be way too optimistic. What really lit an intraday fire
under gold today was the big miss on US July ISM, which plunged to 50.9. The
market was expecting a modest downtick to 55.0 from 55.3 in June… ’ The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business
Insider/ Come on! Who believes their pre-election year data, reports,
b***s***? There’s desperation in the air and like never before! One
commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references the
sham in Washington; and regardless, points to default by way of inflation,
further stating that the debt ceiling’s already been breached by borrowing.
Moreover, he additionally states that default is inevitable by way of
inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated
worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud)
giving rise to the previous leg of this continuing, ongoing debacle / crisis.
He finally goes on to recommend non-u.s., non-dollar denominated assets,
precious metals, and alternate currencies. This is still a great opportunity to sell /
take profits since there’s much, much worse to come! Initial
unemployment
claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been
so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA INC. - INCOME STATEMENT If the United States was a
corporation - USA Inc. - here's what the Income Statement would look like:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. … USA
INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not
want to look at the Balance Sheet. Consensus estimates for unfunded obligations
vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross
estimates the unreported debt to be $75 trillion, while other estimates exceed
$100 trillion (these amounts are insurmountable) …’ Huge suckers’ rally to keep the suckers
suckered in this market based upon backward looking data discounted multiple
times to the upside (including the apple numbers as recently as last week on
‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded QE
results, and b***s*** alone. This is an especially great opportunity to sell /
take profits since there’s much, much worse to come! IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and that’s
just the government (inflation) numbers … reality is much worse!} Meanwhile,
the frauds on wall street are churnin’ and earnin’ like never before at
lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s
get real here! The economy was already burning (see infra), Washington
notwithstanding! Indeed, the frauds on wall street with those contraindicated
paper stock computer programmed commissioned churn-and-earn rallies would love
for you to think it’s Washington only {that aw shucks, coulda’ been clear
sailin’ otherwise moment; but the reality is that things are far more dire
financially and economically than their window-dressed scams would indicate,
though washington’s no help, incompetent, unknowledgeable, and ineffectual as
they are (although fraudulent wall street, aside from their consummate
scammin’, is little better and probably overly relied upon and light in those
very areas one would expect to find profiency; viz., finance and economics.)
Most importantly, realize that if wobama’s actions had not belied his
words/campaign promises, the nation’s position, though still ominous, would
have been substantially improved.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Previous, full moon and fraudulent wall street, get this, rallies
on not as bad as expected EU stress tests and better than expected google
results but forget the dire consumer (recession level) consumer sentiment
number ‘cause after all, consumer spending just a paltry 70% of GDP. Think about this: short-lived Pavlov dog
rally (the conditioned stimulus) on hopes for more welfare for wall street and
some good results in communist China. This despite the previous failure of QE
for everyone but the frauds on wall street and ultimately, though
circumlocuted, at great taxpayer expense. Titans of capitalism? How ‘bout the
biggest unprosecuted frauds in the world. Preposterous! Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person
with courage enough to stand up and explain to all that these huge
commissionable computerized trading volumes like never before are a net
negative in a very big way … that’s a fact … that’s economic reality in real
terms! … Trade deficit up, growth predictions by fed
scaled down [ do you recall how many upside market points for the false, more
positive growth projections by the ‘no-recession’ fed, then there’s also the
costly, hyperinflationary failed QE hopes, more fed jawboning rallies the
frauds on wall street off their lows to keep suckers suckered – they all belong
in jail! Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter
Gorenstein STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far
worse than expected (and in this pre-election year the reality is still far
worse than reported), yet stocks still rallied off lows to keep suckers sucked
in to this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Previous:Stocks
rally on jersey-based, former Lautenberg ADP still paltry, better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse
than expected; and, don’t forget, these are desperate ‘pre-election times’ when
regardless of factual reality (ie., fake reports, data, as, ie., ‘wobama
hometown’ corrupt chicago ISM is up as even their youth gangs are showing
increased criminal activity which probably accounts for the rise; ie., meth,
crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
Talk about milking the greek crisis for the umpteenth time a so-called solution
(and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘ but it’s great press for
the churn and earn and to keep the suckers suckered. Technology rally? Defacto
bankrupt american technology is horrendous but great sizzle for the new fraud
as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s.
factor. The rally into the close and the
previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast
turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
Here’s
a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif
Pity the Policymakers July 21st, 2011 by News by Mohamed A. El-Erian (Project Syndicate) —
‘I don’t know about you, but whenever I am in an airplane experiencing
turbulence, I draw comfort from the belief that the pilots sitting behind the
cockpit’s closed door know what to do. I would feel very differently if,
through an open door, I observed pilots who were frustrated at the poor
responsiveness of the plane’s controls, arguing about their next step, and
getting no help whatsoever from the operator’s manuals. So it is unsettling
that policymakers in many Western economies today resemble the second group of
pilots. This perception reflects not only the contradictory pronouncements and
behavior of policymakers, but also the extent to which economic outcomes have
consistently fallen short of their expectations.This perception is evident in
Europe, the United States, and Japan, where indicators of economic sentiment
are deteriorating again, already-weak recoveries are stalling, and
over-stretched balance sheets are becoming even more precarious.’
Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.
The doctors
(IMF, European finance ministers, the ECB, etc.) are running around trying to
save it. Open heart surgery (loans guaranteed by others) has averted the
immediate crisis, but Greece is just as overweight today as it was before the
crisis. Attempts to lose weight through exercise (austerity measures) cause
serious chest pains (riots). The doctors don’t want to admit it, but all signs
point to a heart transplant (default) as the only way to get Greece onto its
feet again.
Greece isn’t
the only one. It is a veritable epidemic. Ireland, Italy, Portugal, Spain and a
host of other countries are having chest pains. Iceland is feeling better now
with its freshly transplanted heart. The American home owner is still in the
hospital from his financial heart attack after gobbling up vast quantities of
real estate, and it has been many decades since Uncle Sam last could see his
toes.
By most
accounts (e.g. here
or Bill
Gross ‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP.
This is not
really a fair comparison, because it leaves out any hidden liabilities Greece
may have. The US debt figure includes unfunded entitlements, state and local
debt, and underfunded public pensions. Nevertheless, it is clear that this is
an unsustainable debt load even if the estimates turn out to be off by a factor
of two or four.
Uncle Sam is
already more overweight than Greece ever was. If he doesn’t change his ways, he
will end up in the hospital like Greece, but at present he is partying like
there is no tomorrow, gorging himself on entitlement spending, costly wars,
bailouts, subsidies, and countless other delicacies.
Perhaps it
would not be such a bad thing if the talks about raising the debt limit failed.
After Uncle Sam suffers the resulting self-inflicted mild heart attack
(temporary default) and finds out how much fun it is to fetch up in the
emergency room, he might be more inclined to take care of himself, slim down,
and stick with an exercise regime.
Some kind of a
wakeup call is necessary while there is still time to deal with our debt
problem. The only way to address it is for Washington to do its job: get
everybody to recognize that there is a problem, find a solution that demands
some sacrifices from everyone, and work together across party lines to implement
it. In the current political environment that does not seem to be possible.
Something needs to change the environment. Greece shows that the alternative is
not pretty.’
Corporate
Earnings Soar Amidst a Dismal Job Market Wall St. Cheat Sheet [That
game’s about to end! In fact, that game’s over! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- ]
Standing on the precipice – and ready to jump July 21st, 2011 News
By Wolfgang Münchau ( Financial Times) — ‘It looks like there will be deal on a
eurozone package for Greece. The full details are still missing, but it appears
that the eurozone is forcing Greece into a selective default. As part of such a
package, short-term Greek debt will be more or less forcibly converted into
long-term debt. The wretched bank tax is mercifully off the table. And the
European financial stability facility will most likely be allowed to purchase
Greek debt at a discount. LET US NOT MINCE WORDS HERE . THIS WOULD BE
A DEFAULT, THE FIRST BY A WESTERN INDUSTRIALISED COUNTRY IN A GENERATION .
I
am not quite sure how it is possible for the European Central Bank to agree to
this, or to all of this. But I will surely be intrigued to hear how Jean-Claude
Trichet will manage to be consistent with what he said a few days ago. There
are also reports that the eurozone leaders may accept a more flexible EFSF
beyond those bond purchases.’
State
Finances Are Worse Than You Think at Forbes
So
Far, Market Ignoring Dire Warnings at Minyanville
The
Greater Depression Is Upon Us by David Galland http://www.lewrockwell.com/orig10/galland34.1.html Casey
Research Recently by David Galland: The Road to Perdition ‘The phrase
“Greater Depression” was coined by Doug Casey a decade or so back as a way of
describing the economic crisis he foresaw as inevitable, and which is now
materializing.
Because I think it is important for
every organization to constantly challenge its own assumptions, I’ve long acted
as something of a devil’s advocate here at Casey Research. By constantly
pushing our analysts to revisit their assumptions and calculations, it is my
firm intention for us to spot the fork in the road that indicates it is time to
shift strategies away from investments designed to do well in the face of a
currency debasement and to something else.
Being attentive to that fork in the
road is hugely important, because even though we urge our subscribers not to
overdo their exposure to inflation hedges, we recognize that many do. Many a
good person had their clocks cleaned in the early 1980s solely because they had
become overly enamored of their precious metals – so much so that they stopped
thinking of them as an asset class and began thinking of them more in the terms
one might associate with an amorous dinner date. Thus these investors were
utterly unprepared when said date stood up and broke a dinner plate over their
heads.
With that brief setup, I want to make
our views clear: While we correctly anticipated the recent correction in
precious metals, this correction is but a blip in a secular bull market that is
very much intact.
Doug Casey has often said that the
unfolding crisis is going to be even worse than he expects (which is saying
something), and the longer the rest of us at Casey Research study the tea
leaves, it is hard to disagree that the Greater Depression is still ahead.
Consider:
THE EUROZONE IS GROWING INCREASINGLY DESPERATE . Watching the heads of Europe dither and debate
over further bailouts to the unhappy Greeks and other troubled PIIGS –
before ultimately reaching back into the pockets of the equally unhappy
citizens in Germany and the decreasing number of still-functioning
economies in the eurozone – reminds me of a down-on-his-luck blackjack
player. He’s mortgaged his home to play the game but is now down to his
last chips. He doesn’t want to risk his remaining resources but has no
choice, because to walk away now will mean taking up residence in a
cardboard box. And so, reluctantly, he shoves across another pile. The
problem is that the game is rigged – and not in his favor. As the PIIGS start
to default and either leave the eurozone entirely or are shunted off into
some sort of sidecar organization, there will be great volatility in the
euro and in the European markets. THE U.S. DEBT SITUATION IS FAR WORSE THAN ANYONE
IN WASHINGTON IS WILLING TO ADMIT. We keep hearing calls for more, not less debt
creation. But if people would stop kidding themselves and tally up all the
many demands the U.S. government has against it, the actual debt-to-GDP
ratio rises to something on the order of 400% – and even that is likely
understating things. The fundamental flaws in the U.S. monetary system –
flaws that have given license to the bureaucrats to smash the limousine of
state straight into a wall – have required a remaking every 20 to 30 years
or so. The problem is that there is pretty much nothing else that can be
done to save the status quo at this point, and so the monetary system is
likely to collapse. That means big changes ahead, including – or perhaps
starting with – a poisonous ratcheting up of interest rates. CHINA’S MIRACLE MIRAGE. While having aspects of a free market, the hard
truth is that China is run as a command economy by a cadre of communist
holdovers. This is apparent in the cities that have been built for no
purpose other than creating jobs and boosting GDP. It is also apparent in
the growing inflation in China – the inevitable knock-on of the
government’s decision to yank on the levers of money creation harder than
any other nation at the onset of the Greater Depression. Meanwhile, signs of
social unrest crop up here and there. Though so far they have been swiftly
put down, there is no question that the ruling elite has to walk a very
fine line. If the Chinese economy stumbles seriously, all bets are off.
That we are talking about the world’s second-largest economy means this is
not of small consequence. JAPAN IS ESSENTIALLY OFFLINE. Reports from friends in Japan – including one
who was initially skeptical about the scale of the problems at Fukushima –
have now changed in tone by 180 degrees. You can almost feel the growing
sense of desperation as the already massively indebted nation begins to
slide toward an abyss. There is little standing in the way of the world’s
third-largest economy’s slide. THE MIDDLE EAST IS IN FLAMES. This, too, is far from settled. As usual, the
U.S. government has been hopping here and there in an attempt to maintain
its influence, but at this point pretty much everything is up for grabs.
The odds of the U.S. retaining the same level of influence in the region
that it has enjoyed over the last century are slim to none, especially now
that even the Saudis are shipping more of their oil to China than to the
U.S. Again, big changes are ahead…’
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity
markets have been very volatile this year, but also range bound. A
picture speaks a thousand words so all one needs to do is view the chart below
of the S&P 500 Index to understand just how volatile and range bound things
have been. Specifically, since February 20, 2007, only nine and one half
months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up
11.26%, down 10.09%, and now up 7.73% – through 12/10/07 – so far in this latest up leg! All this in ONLY nine and one half months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is
repeating itself so far in 2011, which has been fraught with ups and downs in
both international and domestic equity markets. This is due to many
things, including the considerable economic doubts and various countries debt
situations. This uncertainty has translated into market performance with direct
impacts on portfolio returns and more prominently in portfolio volatility. This
volatility is best seen in the chart below of the S&P 500 Index beginning
1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended
positivity and the momentum carried into the first two months of 2011 however
the end of February began a series of events that led market returns on a
whipsaw ride of ups and downs, resulting in the current universal mid-year
views of market uncertainty.
What news was
associated with this volatility? All the usual; crude oil prices, natural
disasters, corporate earnings, politics, economic forecast revisions for both
developed and emerging markets, the European debt situation, the United States
debt situation and more to name just a few.
One thing is
for certain; the current volatile, range bound market activity is difficult at
best to profit from. In this investing environment patience is the most
important attribute. I will be patient and will be careful until the
trends are preferable.
Our strategy
at Hanlon Investment Management is to attempt to minimize downside risk by
exiting risk asset classes, such as equities, during periods of uncertainty,
getting invested in more conservative asset classes, such as money markets and
short-term bonds, and re-entering into risky asset classes when we identify
them as attractive, when the trend is our friend and positive!
Having
identified this volatility, in June we made defensive, tactical investment
decisions that provide less exposure to these volatile, range bound markets and
prepare us to re-enter the markets when they possess improved risk
characteristics.’
Deficit Ceiling
and Stocks - Expect the Unexpected ETFguide Simon Maierhofer, July 19, 2011, ‘ A number of cliches come to mind when
talking about the U.S. debt situation. The most appropriate might be: 'You
can't have your cake and eat it too.' The least applicable is probably: 'Never
put off until tomorrow what you can do today.'
But if you
think the U.S. will default on some of its obligations anytime soon, you don't
have enough faith in the government's most potent weapon - extend and pretend
(another cliche that's become the modus operandi).
Since 1960,
Congress has acted 78 separate times to permanently raise, temporarily extend,
or revise the definition of the debt limit. Chances are Congress will act again
before the August 2 deadline. That however isn't good news.
By the end of
this article you will know the common sense, no nonsense, deficit ramifications
for the stock market and why even 'a deal' isn't good news.
USA Inc.
- Income Statement
If the United
States was a corporation - USA Inc. - here's what the Income Statement would
look like:
Total federal
spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162
trillion. USA Inc.'s 2010 deficit was $1.294 trillion.
The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. But
there's no reason to despair, just before April 15,Congressional leaders were
able to agree on $39 billion worth of budgetcuts for the remainder of the year.
Senate
Majority Leader Harry Reid hailed this heroic effort as a 'historic' level of
cuts. To quantify just how 'historic' that effort was we'll put it in
percentage terms -1%. The cut amounted to only 1% of the 2011 budget.
Apparently it wasn't enough. Thanks to extend and pretend we've arrived at the
next deadline.
Stocks
Applaud ... and Decline
Keep in mind
that back in mid-April when the 'historic' $39 billion cut was hammered out,
the S&P was at about 1,300. Following the 'resolution' of the budget
problem stocks rallied about 5%.
The April 3
ETF Profit Strategy Newsletter featured the chart below (due to size
restrictions the chart had to be reduced). As per the chart and accompanying
analysis, the Newsletter expected a rally to the next Fibonacci resistance at
1,369, followed by a bounce off the Fibonacci support at either 1,229 or 1,255
and an attempt to take out the previous high.
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
This outlook
was based purely on technical analysis with no regard for the deficit problem
or European debt woes (we'll take a look at an updated technical forecast in a
moment). The S&P did top at 1,370 on May 2. Thereafter it dropped to 1,259,
and tried to take out the previous high (the S&P rallied as high as 1,356
on July 7and stumbled thereafter).
USA Inc.
- Balance Sheet
If you think
the Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion.
The
Deficit and Stocks
When President
Obama took office in January 2009, the federal debt was 70% of GDP or $10
trillion. Today the deficit is close to 100% of GDP at $14.3 trillion. As
per a recent AP report, President Obama had to scroll down his demands and
would now be content with a $2.4 trillion debt ceiling increase to make it last
beyond the 2012 elections.
No doubt, the
President would like the deficit issue put on hold until he's re-elected. It
seems like everyone has an agenda that takes priority over solving the actual
debt issue. The whole game could be summed up as White House budget director
Jack Lew put it: 'That all these ideas do is say let's kick the can down the
road so that others will deal with it.'
This, by the
way, is why the pre-election year of the Presidential election year cycles has
seen gains consistently since 1939, because the incumbent party will do what it
takes to remain in office longer.
A
lose-lose Situation
The drawback
of the deficit situation is that there is no easy way out. The government has
to either cut spending (as in fewer benefits for Americans) or increase revenue
(as in higher taxes).
Pick your
poison. Either choice will kill the economy. Of course, you can extend and
pretend, which is probably what will end up happening. No matter how much lip
stick you have at your disposal, a pig remains a pig. The deficit is a big
(red) pig.
What is worse,
a $14.3 trillion deficit today, or a $16+ trillion deficit (according to
Obama's wish) in 2012? Debt is like gangrene, dry rot or mold, it doesn't just
go away, it gets worse (ask Greece, Ireland, Portugal or any of the other
PIIGS).
Eliminate
Variables
Using European
(NYSEArca: VGK - News ) debt troubles as a
benchmark, there hasn't been a direct correlation between U.S. stocks and
European debt. To generalize this even further, there hasn't been a real correlation
between the U.S. deficit issue and U.S. stocks.
It was in June
2009 that Greece admitted to having a 'small' problem. Stocks rallied
throughout the remainder of 2009, most of 2010 and some in 2011. The same is
true for the MSCI EAFE ETF (NYSEArca: EFA - News ) and Emerging Market ETF
(NYSEArca: EEM - News ).
Admittedly,
the U.S. is a much bigger problem than the PIGGS, but the principal remains the
same - basing investment decisions on the outcome of debt negotiations is
tricky because the market has a mind of its own.
Since early
2010, every single time the major indexes a la S&P (SNP: ^GSPC), Dow (DJI:
^DJI), and Nasdaq (Nasdaq: ^IXIC) sold off more than a few percent, it's been
blamed on Greece. What many don't consider is that the market was helplessly
overbought in January, and April 2010 and 2011 and due for a correction anyway.
It seems like Greece has been a scapegoat more often than the actual cause.
Perhaps it's a game of chicken and the egg. Which came first?
No
Chicken-Egg Game
It has been
more beneficial and profitable to rely on solid technical analysis rather than
playing the chicken and egg game.
Technical
analysis along with sentiment readings pegged a market bottom of the same
degree at S&P 1,259 - 1,245. That was the opinion of the ETF Profit
Strategy Newsletter on June 15 (one day before the 1,258 bottom):
'The 200-day
SMA at 1,257 is sandwiched between the 1,255 Fibonacci projection level dating
back to 2002 and this week's s1 at 1,259. Wednesday's low was at 1,261.9. If
this low is not enough, there is a strong cluster of support at 1,259 - 1,245.
A drop into the 1,259 - 1,245 range would prompt us to close out short
positions and leg into long positions' (long positions were closed out at
S&P 1,345 on July 7).
There was no
fundamental good news on June 15 or 16. Some of the headlines featured on June
15 were:
'Is the bull
market over? A look at four different sentiment measures suggests that more
pain may await investors.' - Barrons
'Greek default
could trigger chain reaction' - AP
'Confidence is
eroding among U.S. factories, consumers' – Bloomberg …’
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown , predicting
the global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse ,
provides the clues and the road map, with charts, of how my indicators
successfully predicted the meltdown that occurred in the fall of 2008. This
book is a guide for detecting the next crisis whenever it occurs. History
repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined: “Return of the Double-Dip.” At the time,
economists were looking for a great economy in the second half. Now they talk
about a “soft patch.” Over the past 33 years, we have called the start of
every recession, often on the exact month, or within one month, of the official
start as determined one year later by the official arbiter of recession, the
National Bureau of Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next
step will be for them to substantially reduce earnings forecasts for the
S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Bert
Dohmen is editor of the Wellington
Letter and author of Financial Apocalypse.’
3
Top Crooks Still Roaming Free After the Economic Crash Wall St. Cheat
Sheet July 25, 2011, The global economy
and stock markets took a nose dive in 2008. But that hasn’t stopped some of the
biggest masterminds from escaping a day of luxury.
Here are three
financial crooks who are probably sipping daiquiris in Capri at our
expense:
Lehman
Brothers CEO Richard S. Fuld, Jr.
Few executives
were as intimately and extensively involved in the downfall of their firms as Dick
Fuld . At the time of the financial collapse, Fuld had worked for Lehman
Brothers for nearly 40 years, and had been the firm’s chief executive since
1994. In that role, not only was he the longest-tenured CEO on Wall Street at
the time of the financial crisis, but he was considered one of the best. He was
named Institutional Investor magazine’s top chief executive in the
private sector in 2006. The following year, he was paid more than $21 million
in cash and stock on top of his base salary of $750,000 a year after the bank’s net profit rose 5% to a record $4.2 billion. And as
recently as March 2008, Barron’s listed him on their list of the 30 best CEOs,
referring to him as “Mr. Wall Street”.
When the
financial crisis hit, Fuld was one of the few executives to hold onto his
position. He counted himself responsible for the company, but didn’t realize
just how much real estate loans and other toxic assets were weighing on his
balance sheet. Instead, he remained confident in the firm that he helped grow
from a negative profit in 1993. His hubris can somewhat be understood, given
the firm hadn’t reported a single quarterly loss since it went public. But Fuld
was wrong. He overestimated the value of his firm, rejecting offers that could
have saved it from collapse because they didn’t adequately reflect what he felt
the firm was worth.
We know that
sub-prime mortgages were almost solely responsible for the financial crisis,
and a large part of the Wall Street’s fourth-largest investment bank’s worth
was held in its mortgage business, where mortgages were re-packaged and sold to
other investors, often for more than they were really worth. In fact, Lehman
was the top U.S. underwriter of mortgage bonds in 2006 and 2007, accounting for
roughly 10% of the market. As CEO, Fuld was responsible for buying those
assets, which ultimately became toxic and impossible to unload. But whether or
not Fuld can be held wholly responsible for the firm’s loan practices, he can
be held responsible for the firm’s bankruptcy. As late as August 2008, after
many CEOs had already been forced to resign, he rejected an offer by state-run
Korea Development Bank to buy a 25% stake in Lehman for $4 billion to $6
billion.
There’s no
question that the firm Fuld helped build, that he’d been a part of since 1969,
where he held the top position for 14 years, was criminally responsible for the
financial crisis. In fact, it may be the most culpable, given the
sheer volume of sub-prime mortgages underwritten by Lehman in the years leading
up to the market collapse. On September 15, Lehman became the largest firm to
file for bankruptcy in history, dealing a devastating blow to an
already fragile financial system. A few weeks later, Fuld was summoned to appear before Congress as part of an inquisition. He was
also investigated by three United States Attorneys offices in New York and New
Jersey. But ultimately Fuld walked away from Lehman Brothers having pocketed
nearly $500 million just in his last six years with the firm, years during
which Lehman’s sub-prime mortgage practice was contributing to what would
ultimately cost taxpayers $700 billion in a government-issued bank bailout
program. Fuld was never charged with or convicted of any crimes.
AIG
Financial Products CEO Joseph J. Cassano
As a founding
member and head of AIG Financial Products, Joe
Cassano was responsible for selling hundreds of billions of dollars worth
of credit protection in the form of credit-default swaps (CDS) on U.S.
sub-prime mortgages, a form of insurance that didn’t require that AIG put down
any form of collateral. So when the financial crisis hit in 2008 and investment
banks requested the insurance money for their collapsing derivatives, AIG was
unable to pay what was owed and ultimately had to be bailed out by the
government, receiving about $170 billion in taxpayer money.
Cassano
resigned from his position at AIG FP in March 2008, having pocketed $280
million in cash and an additional $34 in bonuses. He even managed a $1
million-a-month retirement package that kept him on at AIG as a “consultant”.
Cassano even went on record denying any fault on the part of AIG, saying,
“We believed
until late 2005 that banks and other mortgage originators were applying
appropriate standards when writing mortgages. When we recognized — well before
many others — that changes in the mortgage market likely presented increased
risk for future deals, we decided to exit the subprime business. We thought the
decision was appropriate, despite the lost profits at the time. With hindsight,
the decision looks even more prudent.”
Cassano went
so far as to blame the bailout for losses on CDS contracts, saying there would
have been few, if any, had they not been unwound by the bailout. Testifying
before the Financial Crisis Inquiry Commission, Cassano fully defended his
firm’s CDS practices, outlining the careful approval and monitoring system
that, “specifically identified risk factors and provided an analysis of those
risks.” Cassano insisted that AIG had not miscalculated the risks of sub-prime
mortgages.
However,
Cassano was directly responsible for AIG’s credit-default swaps program that
put the firm’s many clients, including Goldman Sachs , in danger when it was unable to
pay out on insurance claims. He essentially sold billions of dollars worth of
vapor — he failed to provide what had been paid for by the firm’s clients. That
sounds remarkably like fraud, the grounds upon which many investors have filed
suit against Cassano. In fact, regulators in both the U.S. and the U.K.
investigated Cassano’s acts to determine whether they had been criminal. But
like just about every executive responsible for the financial crisis, Cassano
was not ultimately charged with any wrongdoing, and remains a free man.
Countrywide
Financial Chairman and CEO Angelo Mozilo
Ranked second
by Condé Nast Portfolio on their list of the “Worst American CEOs of
All Time”, Angelo
Mozilo was charged in 2009 of insider trading and securities fraud by the
U.S. Securities and Exchange Commission. Mozilo personally sold hundreds of
millions of dollars in stock while using shareholder funds to buy back stock to
support the share price. He is also responsible for what has been termed the “Friends of Angelo ” VIP program under which several
influential lawmakers, including Senate Banking Committee Chairman Christopher
Dodd, as well as many Fannie Mae employees and other “Friends of Angelo”,
received discounted mortgages.
However,
Mozilo was allowed to settle with the SEC on all charges. He agreed to pay $67.5 million in fines , the most ever exacted from an
individual in connection with the 2008 financial crisis, and he was banned from
ever serving as an officer or director of any other public company. Robert Khuzami , director of the SEC’s Division of
Enforcement, said that “Mozilo’s record penalty is the fitting outcome for a
corporate executive who deliberately disregarded his duties to investors by
concealing what he saw from inside the executive suite.” But in settling,
Mozilo was able to avoid a trial and any subsequent criminal charges, and was
not required to acknowledge any wrongdoing.
Mozilo’s net
worth has been estimated at roughly $600 million. And because of the
indemnification agreement in his contract with Countrywide, the firm was
responsible for paying roughly one-third of his fines, leaving Mozilo with a
bill of $47.5 million — that’s less than 10% of his worth. Aside from Bernie
Madoff , the only executive tied to the financial crisis to be criminally
prosecuted and convicted, Mozilo’s settlement is the greatest punishment
inflicted on any executive responsible for the country’s economic collapse, and
falls desperately short of true justice.’
Debt, Deficits and the Demise of the American Economy' - Author
Peter Tanous Discusses Risk
US
Equities Forecast and the Anticipated Path of the Market at Minyanville Peter Prudden July 25, 2011 ‘… the headline
risk remains to the downside and the bogey to lower equity prices in the short
to intermediate term is concentrated on the U.S. Debt ceiling. At some point,
not only must all developed economies deal with marking down to the level of
income, but we must restructure large amounts of excess leverage. Until we
accomplish this, growth will be problematic…’
Putin says U.S. is "parasite" on global economy
[Unfortunately, this is very true. More unfortunately is the fact that most
worldwide don’t realize that fact! I mean, think about it: pervasively corrupt,
defacto bankrupt america’s cancerous
perma wars, over-printed debased ‘Weimar’ paper ‘reserve’ currency, huge
frauds in securities and otherwise, etc..
]
3 Reasons Why This Summer Could Get
Ugly Simon Maierhofer, July
29, 2011 [ Well, before getting to the article, we all know why: because …
‘Sell in May, and go away!’ … Quite simple, as previously set forth here and
elsewhere, you should have ‘sold in May, and went away!’ Why? Because …
as Rosanne Rosanna Danna formerly of SNL fame
and as her mama always used to say, ‘it’s always somethin’’ … but
unfortunately, that somethin’ is not necessarily what they say it is. ] ‘ It seems
like the European Union and U.S. government are stuck in a never ending game of
Whac-A-Mole. It seems like more moles are popping up more quickly, needing more
force to be subdued (ironically the moles come back just as the problems do)…’
Top 3 Reasons Markets Were Down on Debt Deal and a Weak
Manufacturing Report Wall St. Cheat Sheet ‘August 1, 2011, Markets closed down on Wall Street today: Dow -0.09%
, S&P -0.41% , Nasdaq -0.43% , Oil -0.50% , Gold -0.57 % .
On the
commodities front, Oil fell to $95.22. Precious metals also fell, with Gold
down to $1,621.90 an ounce and Silver down 1.85% to $39.37 an ounce.
Don’t
Miss: The
U.S. Debt Deal: Your Cheat Sheet to the Framework .
Today’s
markets were down because:
1) DEBT CEILING.
Last night President Obama announced that negotiators from both parties and
both chambers of Congress had reached
a compromise on a debt proposal. But as leaders try to sell the deal to
their peers, it’s looking like it might be a close vote. The House is currently
hearing from both the bill’s supporters and its opposition, which comes in the
form of both liberal and conservative representatives. Polls showed that most
Americans wanted a deal that placed some of the burden of balancing the budget
on taxes, if only on the wealthy, rather than focusing solely on spending cuts
as the deal does. All of that leads to a less than optimistic turnout at the
markets despite what should have been a huge sigh of relief.
2 )
MANUFACTURING. While news of a likely debt ceiling solution might have given
markets a boost in the absence of any truly negative data, we’ll never know, as
the ISM Manufacturing Report released before the markets opened
today showed that growth in the sector slowed to a snail’s pace in July, not
just in the U.S. but globally.
3) HEALTHCARE.
Taking a huge beating today were healthcare stocks, down on fears that cuts to
Medicare would reduce revenue for everything from drug companies like Pfizer to
healthcare providers like Humana . Healthcare stocks were down across the
board, despite many positive earnings reports last week. Keep your eye on these
top healthcare stocks as the debt deal unfolds: Johnson & Johnson , Pfizer
Inc. , Bristol Myers Squibb Co. , GlaxoSmithKline plc , Sanofi-Aventis SA , Eli
Lilly & Co. , Abbott Laboratories , Teva Pharmaceutical Industries Ltd ,
and Novartis AG …’
Debt
Deal Yields More Debt: Dave's Daily at TheStreet ‘ If the
founders could only see what's happening now they'd be disgusted and mighty
pissed off! This is hardly a market headline now is it? Well, you won't see it
anywhere else but my sense is most people are feeling as Father George would
feel right now. We did, or are getting, the debt ceiling relief everyone was
worried and fixated upon. We'll get a vote in the Congress after 6-7 PM EDT. On
the news of this last night, markets in Asia rallied. I was watching breathless
and excited Bloomberg anchors in Asia cheering markets. Markets opened higher
in the U.S. but quickly turned south as the important ISM Data missed consensus
forecasts badly (50.9 vs 54.6 expected). This shows the economy is still
contracting. The sell-off continued until we tagged the all-important 200 day
moving average in several sectors, and with conditions much oversold, we
rallied. The intraday DJIA earnings data
Mapping
the Myths of the U.S. Economy - Stacy Curtin ‘In The
Real State of America Atlas: Mapping the Myths and Truths of the United States
Not only do
they give state-by-state comparisons, they show how the U.S. measures up to the
rest of the world in areas such as health care, housing and defense. But while
analyzing what it's really like to live in the U.S. today, they also uncovered
a few "myths and truths" as the title of the book suggests.
Enloe and
Seager joined The Daily Ticker's Aaron Task to share three of the most
surprising misconceptions they uncovered.
#1 Land
of Homeowners
The dream of
owning a home is actually more the reality in other countries. In the book, the
authors point to the most recent data, which show only 68% of Americans owned
their home in 2002, compared with 92% in Hungry, 84% in Mexico, 72% in the U.K.
and 71% in Australia.
"One of
the things that is a cherished notion about America is we are a nation of
homeowners, and homeownership has long been seen as kind of the bedrock of the
American dream," says Seager. "I think the current economic crisis
and the housing crisis is really shaking that American cherished view of
ourselves as having easy access to homeownership."
This is
evident in another stat laid out in the book, which shows 83% of people agreed
that buying a home was a safe investment in 2003, compared with 70% in 2010. (See:
Why
I Am Never Going to Own a Home Again )
#2 Land
of Opportunity
Just like the
ideal of owning a home, opportunity in this country is now also on the brink.
"Opportunity
in this country means a chance for an education … [and] a chance for a decent
job that allows you to have a decent life," says Enloe, who points to two
key factors that hinder people making it here in America.
The cost of a college education continues to
rise year after year.
The unemployment rate remains high at 9.2%, but
it doesn't factor in the millions of "underemployed" workers --
those who are currently working part-time but would like full-time work --
and discouraged workers who have tired of looking for a job and have just
dropped out of the job market.
#3 Land of Givers
While the U.S. does give more money in foreign aid
than any other country in the world, as a percentage of GDP it falls way behind
many other nations.
Whereas Sweden gives almost 1% of its GDP in 2008,
the U.S. gave 0.19%.
"I think it really should shake Americans'
self-perception of two things," says Enloe. "[One] is cutting foreign
aid actually the ticket to balancing the budget, but also how do we shape up
compared to other countries' generosity?" ’
Debt
Deal Is A Blank Check at Forbes
U.S.
Economic Pessimism Grows - Stacy Curtin ‘While Democrats and Republicans were
arguing over how to prevent the U.S. from a default, families across the
country have become increasingly concerned about the overall state of the
economy, according to the American Enterprise
Institute's latest compilation of recent polls taken in various regions.
Friday's worse
than expected GDP numbers only reaffirm this notion. The U.S. economy grew less
than expected in the second quarter at 1.3%, but the bigger shock came after Q1
GDP was revised down to 0.4% from 1.9%. These numbers suggest the country could
be headed for another recession and Americans are definitely feeling the pain.
(See: 2011
Is Proving to Be a Horrible Year For the Economy )
One of the
most disconcerting findings in the AEI report is a CBS/New York Times poll from
June. It showed that over the last year, more Americans have come to believe
the current economic downturn is part of a long-term permanent decline and that
the economy will never fully recover. In October 2010, 28% of respondents
agreed with that statement, versus 39% last month.
"Americans
are so pessimistic about the economy now ... . And the level of public
pessimism is actually higher than the deep 1981-82 recession overall," due
to grim personal outlooks on a number of issues like jobs, retirement and
health care, says Karlyn Bowman , a
senior fellow at AEI who co-authored the report. "Their negative
sentiments are affecting the way they feel about their family's future, and
interestingly, the way they feel about their state governments. Usually
negative attitudes about the national government don't seep into attitudes
about the state government, but this time it is really different. This
negative, gloomy mood is pervasive.
Speaker of the
House John Boehner echoed these concerns Thursday before one of the many failed
House votes to raise the country's debt ceiling. "This is a challenging
time for our country," he said. "Americans are worried about their
jobs. They're worried about our economy. And they're worried about our
debt."
Since the
polls in the report were conducted before the debt-ceiling debate really began
heating up over the last few weeks, one might conclude that if the same
questions were asked today the responses would be even more pessimistic.
Here are other
key findings from the AEI report:
Job
anxiety : In the past six
months, about 5% of Americans surveyed had lost their job, two in 10 said a
family member had lost a job, and six in 10 knew someone who lost a job.
In June 2011,
58 percent were very or somewhat worried they could lose a job in the next 12
months. Nearly eight in 10 say jobs are difficult to find where they live.
Around a quarter are worried about benefit or pay cuts.
Cutting
back: Americans are cutting
back on everything from health care to haircuts. Fewer than four in 10 say
their personal financial situation is in excellent or good shape right now.
Almost as many people say they are falling behind as believe they are getting
ahead, but the vast majority describe their financial situation as having just
enough money to maintain their standard of living. Inflation worries are high
and steady.
Retirement: There's been a dramatic drop in the number of
Americans who say they have enough money to retire. In 2002, around six in 10
believed they would have enough money. In the latest survey by Gallup in April,
only about four in 10 say they will.’
10
Reasons We Are Heading for a Recession
The Daily Market Report
Aug 1st, 2011 12:01 by PG
Relief? What Relief? http://www.usagold.com/cpmforum
Late last night when party leaders and the President announced that
they had reached a bipartisan deal that would allow the debt ceiling to be
raised, gold dropped about 1%. Global stocks rallied in relief and briefly,
ever so briefly, gold was out of favor. However, as the details were revealed,
doubts were reignited: Doubts as to whether such legislation could actually
make it to the President’s desk. Doubts that the deal would avert a downgrade
of US sovereign debt.While the CBO scores the package as accomplishing $2.1
trillion in spending cuts over the next 10-years, the CBO baseline also has the
deficit rising $6.7 trillion over the same period. The premise apparently being
that we’re working our way to actual cutting by cutting to slow the pace of the
nation’s proliferate spending. In actuality — and as evidenced below — that CBO
baseline may prove to be way too optimistic.What really lit an intraday fire
under gold today was the big miss on US July ISM, which plunged to 50.9. The
market was expecting a modest downtick to 55.0 from 55.3 in June. On the heals
of last week’s much weaker than expected quarterly GDP data, it has become
abundantly apparent that the US economy has slowed to just above stall-speed.
David Rosenberg, chief economist at Gluskin Sheff and Associates, noted last
week that once the economy slows to a growth rate of 1.6% it has proven
historically to be a “point of no return” and recession follows. With Q1
downgraded to just 0.36% and Q2 an anemic 1.3% — and likely subject to future
negative revision as well — the writing may well be on the wall.The debt deal
is a short-term kick of the can that at least initially focuses on spending
cuts. However, with no mitigation of the uncertainties that have kept private
capital sidelined for the past two-years of the so-called recovery, there is
little reason to think that a more robust economy is just around the corner. In
fact, the opposite may be true. That realization, tipped in by the ISM data,
has further escalated the QE3 talk, which prompted gold to retest the record
high set Friday at 1632.39. Relief? What relief?If we get another negative
surprise on Friday when July nonfarm payrolls comes out, as the ISM employment
index suggests we might, the QE3 talk will intensify ever more in the weeks
ahead of the Fed’s Jackson Hole summit. Consensus on July payrolls are running
around +100k, although we could see some tempering of those expectations in
light of the ISM data.Even with the announcement of the debt ceiling deal, the
dollar remains on the ropes, falling to new record lows against the Swiss franc
and the yen. If this deal makes it through both Houses of Congress and
is signed by the President, it is just another kick of the can — and a very
short one at that — down the road. And with the specter of yet another round of
quantitative easing hanging over the market, there is little incentive to buy
dollars. Now the BoJ is once again contemplating direct intervention in the
market, as I suspect the SNB is. If there are concerted efforts to slow the
rise of these currencies, it may make gold an even more alluring option.’
[video]
ISM Sparks Selling at TheStreet.com
Poor
Manufacturing Report Knocks Stock ETFs ETF Trends
Minyanville's
T3 Daily Recap: Dow Swings 284 Points Despite Debt Deal at
Minyanville
Mid
Cap Selloff: Does it Signal the End of the Bull Market? at The Wall
Street Journal ‘ “This is the
end of the run,” says Peter Boockvar, an equity strategist at Miller Tabak +
Co. in New York.’
NY Fed’s gold
hoard worth $350 billion AFP | The biggest single pile of
gold on the planet lies beneath the New York branch of the US Federal Reserve
Bank.
Bulldoze: The New
Way To Foreclose TIME | Banks have a new remedy to
America’s ailing housing market: Bulldozers.
The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business
Insider | The debt deal actually cuts almost nothing now–it just
promises future cuts.
Soaring
demand spotlights secret NY gold hoard AFP | Gold prices hit a record
$1,632.8 an ounce Friday.
Ron
Paul: Freeze the Budget and Stop Plundering the American People! Ron Paul |
Texas Straight Talk.
Now We
Return To The REAL Crisis In The World Business Insider | Real problems.
China’s
Answer To Inflation: SkyNet – Foxconn Plans To Replace Workers With Millions Of
Robots Zero Hedge | SkyNet has taken over the market.
Senate
blocks House Republicans’ debt plan House GOP leaders won narrow
approval of a plan to raise the federal debt limit Friday after revising
the measure to appeal to rebellious conservatives, but it was quickly rejected
by the Senate, where lawmakers were pursuing a separate, bipartisan agreement.
(Washington Post) [Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ Davis
‘This is how we pay off our current debts and I think bondholders are simply happy
to get anything out of a country that admits it owes $15Tn (1/4 of global GDP)
but probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time .). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
U.S.
economy slows sharply Cutbacks by state and local governments helped
restrict economic growth to anemic levels. (Washington Post) [ See! All that
money into ultimately wall street’s pockets at taxpapayer expense did work …
for the frauds on wall street … Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s
get real here! The economy was already burning (see infra), Washington
notwithstanding! Indeed, the frauds on wall street with those contraindicated
paper stock computer programmed commissioned churn-and-earn rallies would love
for you to think it’s Washington only {that aw shucks, coulda’ been clear
sailin’ otherwise moment; but the reality is that things are far more dire
financially and economically than their window-dressed scams would indicate,
though washington’s no help, incompetent, unknowledgeable, and ineffectual as
they are (although fraudulent wall street, aside from their consummate
scammin’, is little better and probably overly relied upon and light in those
very areas one would expect to find profiency; viz., finance and economics.)
Most importantly, realize that if wobama’s actions had not belied his
words/campaign promises, the nation’s position, though still ominous, would
have been substantially improved.} ]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm http://www.albertpeia.com/inflationcalculator.htm Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?” …’
Stocks
post worst week in one year Concerns over the stalled debt talks in
Washington finally take a noticeable toll on the markets. (Washington Post) [The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Come on! Who believes
their pre-election year data, reports, b***s***? There’s desperation in the air
and like never before! One commentator, Peter Shiff, to Frank Motek of 1070am
Bus.Report references the sham in Washington; and regardless, points to default
by way of inflation, further stating that the debt ceiling’s already been
breached by borrowing. Moreover, he additionally states that default is
inevitable by way of inflation; that the fed will be buying the evermore
worthless american paper (bonds) and creating/printing evermore worthless
american dollars; that there’s been a quid pro quo with at least one of the 3
(S&P, Moody’s, Fitch) federal licensed rating agencies, viz., of reaffirming
the u.s. AAA rating in return for no prosecution surrounding their role in the
S&P AAA rated worthless (fraudulent, mortgage-backed, derivative) paper
securities (fraud) giving rise to the previous leg of this continuing, ongoing
debacle / crisis. He finally goes on to recommend non-u.s., non-dollar
denominated assets, precious metals, and alternate currencies. This is still a great opportunity to sell / take profits
since there’s much, much worse to come!
Initial
unemployment
claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s
get real here! The economy was already burning (see infra), Washington
notwithstanding! Indeed, the frauds on wall street with those contraindicated
paper stock computer programmed commissioned churn-and-earn rallies would love
for you to think it’s Washington only {that aw shucks, coulda’ been clear
sailin’ otherwise moment; but the reality is that things are far more dire
financially and economically than their window-dressed scams would indicate,
though washington’s no help, incompetent, unknowledgeable, and ineffectual as
they are (although fraudulent wall street, aside from their consummate
scammin’, is little better and probably overly relied upon and light in those
very areas one would expect to find profiency; viz., finance and economics.)
Most importantly, realize that if wobama’s actions had not belied his
words/campaign promises, the nation’s position, though still ominous, would have
been substantially improved.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
National / World
Super Congress To Target Second Amendment
Putin says U.S. is a “parasite” on global economy
The Truth About The Debt Deal: It’s Pretty Much
Meaningless
Debt deal agreed but may not save US AAA credit rating
Infowars Special Report With Mike Adams & Richard
Mack
Infowars Special Report With Mike Adams & Richard
Mack
Obama
Launches Gun Grab TheAlexJonesChannel | This
mandate by the ATF– imposed without law via executive policy– clearly
conditions the public that gun purchase is criminal.
Raising the Debt Ceiling Avoids the Spending Addiction Sartre
| The latest example of political hyperbole is that the U.S. Treasury is ready
to default on its debt.
U.S.
review finds Iraq more dangerous Special inspector general cites increased
attacks on U.S. troops and a wave of assassinations. (Washington Post) [ You
mean they’re not showing their love? Who woulda’ thunk it? After all, the u.s.
has destroyed their country, killed many innocent women and children, filled
the land with depeted uranium, etc., all based on a lie … How ungrateful. See,
when america’s involved, ‘no bad deed goes punished’! Oh, riiiiight, almost …
as corrected by the ‘u.s. ministry of propaganda’, ‘no good deed goes
unpunished’. Sounds like a plan! One of those pervasively corrupt, defacto
bankrupt american plans … riiiiight! Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
..bush prepared to invade Iraq in 2002..likely cost would be $60 billion, said
Mitch Daniels of the OMB..finance the war with Iraqi oil,said Wolfowitz..the
cost of the Iraq War? It has passed $1 trillion..’, etc.. .). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world combined...
fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are
included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Treasury
prepares contingency plans Agency is making tough calculations as it plans
to keep the government operating in case of default. (Washington Post) [ Oooh!
Sounds like a plan! Yet, given the nation’s defacto bankruptcy, insurmountable
debt (and importantly, lack of will to change the plunge into the abyss), and
defacto default, one can only wonder whether ‘such dogs as these’ still hunt. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. Maierhofer: ‘USA INCOME
STATEMENT USA BALANCE SHEET …’ IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Come on! Who believes their pre-election year
data, reports, b***s***? There’s desperation in the air and like never before!
One commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references
the sham in Washington; and regardless, points to default by way of inflation,
further stating that the debt ceiling’s already been breached by borrowing.
Moreover, he additionally states that default is inevitable by way of
inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated
worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud)
giving rise to the previous leg of this continuing, ongoing debacle / crisis.
He finally goes on to recommend non-u.s., non-dollar denominated assets,
precious metals, and alternate currencies. This
is still a great opportunity to sell / take profits since there’s much, much
worse to come Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
Will:
Declaration of independents (Washington Post) [ Wow! Praxeology and more completely: The
Formal and Aprioristic Character of Praxeology . Are you
sure you didn’t mean ‘Proctology’. You know, all those thumbs and all in
washington. I wish I could say I’m impressed; but clearly, I’m not. I think
focus should be on the more simple if not simplistic thought processes. You
know, positives / negatives, pluses / minuses, and simple dichotomies as good /
bad, etc.; at least for a start, to match mental ability/capacity, and yet
encompass virtually all problems confronting the nation; viz., ie., war /
peace, solvency / insolvency, lawful / unlawful, fair / unfair, what’s good /
what’s bad, etc.. Yeah, think binary; or, stated another way, ‘keep it simple
stupids’, that kiss (i) sing approach ‘for luck and we’re on our way’ ‘cause
we’ve only just begun (the song). ‘What
would Jesus cut?’ (Washington Post) [ Don’t bring Jesus into this! After
all, he’d probably already have been nailed to some cross somewhere in this
pro-israel nouveau new world order ‘roman empire’ at the behest of some nwo
neo-con israeli shill.] A
summer camp for atheists [Camp as in camping?]Welcome to Camp Quest, the
freethinkers’ answer to Bible school, where belief means different things. [ I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if
intellectually honest, the position of ‘agnostic’. I can totally understand and
even empathize with the view of the agnostic. After all, at this point, there
seems to be ‘no rhyme nor reason’ at all. But, think binary, positives / negatives.
Just too many negatives. Think ‘capital punishment’. No, the world’s not going
to end in 2012 as some fear. Rather, think slow burn; decades at best; then
‘poof’. In the scheme of things, this world’s just not that important (apes,
notochordates, and initially single celled organisms). ] Science
and religion: God didn't make man; man made gods http://discussions.latimes.com/20/lanews/la-oe-thompson-atheism-20110718/10
Among the songs I have chord charts for (courtesy of my guitar instructor), I
know the words to the song. I’m all for peace because it’s rational. ‘No
possessions’, John Lennon didn’t give up one. He even was pro-Reagan
politically. Have you taken a really close look at this world today and what
man’s created, ‘mr. and mrs. pro-science and reason’. You obviously take
delight in speaking about a subject far beyond your own capacity to truly
understand; and then your non-sequitor, unprovable conclusions. Quite simply,
the authors of this article are pathetic and merely seem to be looking
desperately for an audience; a niche where really profound truth gives way as
does form over substance. Once again, you are pathetic! Harold
Camping reaffirms October date for the end of the world, says May 21 date was
'invisible judgment day' (The Washington Post) [ I comment here not owing
to the importance of the latest ‘prediction’ by camping who’s probably ‘been camping’
too long in the nether reaches of the atmosphere (affects the brain, ‘neural
firing’ in a negative fashion); but to allay public concerns, and particularly
for those suffering from generalized anxiety disorder, to subtract one life
circumstance from their unrealistic worry; and, because I had previously
commented as set forth infra. No! The world will not be ending on October 21,
2011 or any other date as set forth by camping. Indeed, God needs no
mathematics, formulae, or codes to surreptitiously convey the end; his hand
ultimately unmistakably known to all. You’ll know it when you see it. As for
camping, let’s play umpires and predict the future; strike three, he’s out. Harold
Camping: the heart of the doomsday frenzy
(Los Angeles Times) The last-minute
rapture reading list (Los Angeles Times) [Drudgereport: Preacher made same prediction
in 1994... Doomsday church thriving,
worth $72 million... [Previous: ‘End
of Days’ message rolls into D.C.
(Washington Post) The
potentially rotten news that the world will end on May 21 arrived plastered on
a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan
calendar, Nostradamus thing … ]
Happy
birthday, Mr. President GALLERY | Dana Milbank imagines the cards Congress
will send on Aug. 4 to celebrate Obama’s 50th.
(Washington Post) [ Yeah … beyond the overwhelming predominance of hate
mail, I too conjure up an image celebratory of wobama’s 50th with
Mr. Milbank, dressed in drag, with blond wig, pronouncedly darkened mole on
cheek, and in a soft, raspy but sultry, sexy voice singing ‘happy birthday Mr.
President’. I mean, come on … we all know somethin’s goin’ on between them …
you know, kind of a love affair for the ages … Riiiiight! Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the
nation) has as now become insurmountable and hence, unsolvable. That’s where
we’re at now! .
Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'... NOONAN:
'HE IS A LOSER'... GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers... FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8% APPROVE:
42% Return
of Mass Layoffs a Grim Sign...
Dollar
falls to all-time low against Swiss franc...
GOP
REVOLTS
Obama Threatens Another Veto... Just
hours after urging compromise... Carney
Admits Obama Has No Plan...
OBAMA'S
BASE CRUMBLES
BALL
IN YOUR COURT, HARRY[, aka Mr. Milktoast, aka Majority Leader of Harry’s Wh*r*
House]! NO!
22 REPUBLICANS BUCKED BOEHNER... DC
racing against clock...
Milbank:
Congress is now middle school ‘Anew
Washington
Post-ABC News poll finds that 80 percent of Americans are dissatisfied with
the way the federal government is working. Such a finding leads to an
inevitable conclusion: The other 20 percent aren’t paying attention … Ah, sweet
Mr. Milbank. Who said he gets things wrong? Middle school? From Gipper (I
always hated that trite reference to Reagan – and again, let me reiterate that
though I liked Reagan as a very likeable guy, the last real american leader /
president was the underrated but great President General Eisenhower who warned
of the current debacle called america in the sense of admonishing of the danger
inherent to the now entrenched ‘military industrio-inferiority complex’) to
graduation, perma-wobama apologist Mr. Milbank has come a long way; but, a pile
of b***s*** in the form of ‘wobama the b’ stands intractably in his way, no matter
what. Because … ? You can’t change what lamentably wobama is and has proven himself to be. If only he
had done what he promised he would do (those false campaign promises which got
him elected). But alas, as in the moral of the story of the ‘scorpion and the
frog’, you cannot change the nature of that cowardly, failed ‘president’ called
‘wobama the b’. [The
new party of Reagan The Gipper helps make the case for Democrats.
(Washington Post) [ ‘Well there you go again’ quoting the ‘Gipper’, off the
deep end as one might expect from wobama apologist Mr. Milbank (he’s somewhat
of a lemming himself). After all, how different really are the parties these
days when profligate spending on illegal, unnecessary wars was continued when
democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Preposterous! Especially since Reagan’s most significant achievement
was his rational approach toward Russia (with of course the substantial help of
the astute Gorbachev) toward the ameliorative goal of peace and consequent
peace dividend which enabled a ‘smooth-sailing’ though undeserved tenure for
ultimately clinton (cia man ‘poppy the sailor man’ bush was already working on
stirring up war / military industrial complex matters in the Mideast – that
April Glaspie/cia/Iraq/Kuwait communiqué to sadam and the consequent debacle,
etc.).
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of government cover-ups,
notably by even the DOJ. You’ll recognize some familiar names (ie., Alito,
Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some
familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t
ops, bribes, etc.). [Did you know this about the following ATF Agents who were
probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan &
Conway LeBleu: Died February 28, 1993 by gunfire at
Waco. All four were examined by a pathologist and died from identical wounds to
the left temple. All four had been body guards for Bill Clinton, three while
campaigning for President and when he was Governor of Arkansas.They also were
the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in that
area of the law with which I am not familiar) .
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to
join or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the
RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being inept [ I looked in on the one mob case he had brought,
bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met
outside of court the judge Ackerman through a client) was absolute bedlam
and a total joke since incompetent corrupt Alito brought in all 20 mob
defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I hesitate
to chance greater non-performance / worsening by their ‘fix’ so cell phone best
for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject
files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8% APPROVE:
42% Return
of Mass Layoffs a Grim Sign...
Dollar
falls to all-time low against Swiss franc...
PUTIN:
USA 'parasite' on global economy... [Unfortunately, this is very true. More
unfortunately is the fact that most worldwide don’t realize that fact! I mean,
think about it: pervasively corrupt, defacto bankrupt america’s cancerous perma wars, over-printed debased ‘Weimar’
paper ‘reserve’ currency, huge frauds in securities and otherwise, etc.. ]
House
approves debt deal -- day before deadline! Borrowing
to surge after cap raised... May
not save AAA rating...
BIDEN
[‘Lobotomy Joe’]CALLS TEA PARTY 'TERRORISTS'
Manufacturing
drops to lowest level in two years... 'Double
Dip Here'... RI
Town Files for Bankruptcy...
Dog
Airlifted Out of National Forest After Growing Too Tired to Finish Hike...
SURVEY:
Internet Explorer users have lower IQs...
GOP
REVOLTS
Obama Threatens Another Veto... Just
hours after urging compromise... Carney
Admits Obama Has No Plan...
OBAMA'S
BASE CRUMBLES
BALL
IN YOUR COURT, HARRY[, aka Mr. Milktoast, aka Majority Leader of Harry’s Wh*r*
House]!
SWEAT
CEILING: House approves debt bill... NO!
22 REPUBLICANS BUCKED BOEHNER... DC
racing against clock...
HARRY
BELAFONTE: Obama 'has failed'... NOONAN:
'HE IS A LOSER'... GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers... NYT
reporter advises WH staff?
Illegal
Aliens Head South to Mexico in Search of 'American Dream'... 4.9%
unemployment in Mexico vs. 9.4% in US... Black
Middle Class Eroding As Unemployment Rate Soars...
CHAOS... CLOCK
TICKING... NO
PANIC... THE
VOTE: 'TEA PARTY' IN CHARGE! Boehner
Delays Vote on Debt... Limbaugh:
We've Been Played... GALLUP:
Obama Rates Higher Than Boehner, Reid on Debt Situation! Ron
Paul: 'Default Is Coming'... Treasury
Contingency Plan on Debt Gives Priority to Bondholders... Carney: If
We Have No Other Alternative We Will 'Take Action'... Obama
faces legal bind if time runs out...
PELOSI:
'We're Trying to Save Life on Planet as We Know it'… [ Riiiiight! Keep feeding
those perma wars despite bankruptcy of this nation … Is life as she knows it on
this planet really death? … Why does ‘doo,doo,doo,doo’ to the tune of Twilight
Zone Theme come to mind when hearing her total b***s***?…Oh, riiiiight! She’s
caught wobamanoid fever ] ... 6
days from 'default', both sides scrambling... FURY
OVER STALEMATE BOILS OVER...
House Dem leader urges Obama to raise debt ceiling without Congressional
approval...
SHOCK
POLL: 46% Think Most in Congress Corrupt... WASHPOST/ABC:
Blacks, liberals flee in droves... SANDERS:
Obama should face primary challenger...
The
Immelt Way: WH Advisor on Jobs Moving GE X-Ray Business to China... OBAMA SECRETLY SIGNALS BANKS: 'NO DEFAULT'... WH
to FOXNEWS: 'Tell your viewers there's nothing to worry about'... BORGER:
'Nobody today is talking about tax increases -- except Barack Obama'... TWT:
Liberals hijacking Reagan to raise taxes... PANIC:
WH'S PFEIFFER SAYS DEFAULT COULD LEAD TO 'DEPRESSION'...
CA
seeks bridge loan to pay bills... Guv
OKs financial aid for illegal aliens... Brazilian
currency at highest level since '99... USA
Can Avoid Default 'at Least Until September'... Obama
still pushing for tax hikes... Endorses
New Plan with 'Sham' Savings... 'Cuts'
include money not spent in Afghanistan over next 10 years... BOEHNER:
Plan 'full of gimmicks'...
'DOING
THINGS ON MY OWN VERY TEMPTING' Widest wealth gap between whites, minorities on record … [and
they’re thanking ‘wobama the b’ (for b***s***)] ... DEPENDANT STATES OF AMERICA: Geithner Warns: 'We Write 80 Million
Checks a Month'...
BOEHNER TO OBAMA: 'CONGRESS WRITES THE LAWS, YOU DECIDE WHAT YOU
WANT TO SIGN'... ...President
'worried about his next election'
...Putin
considering Kremlin return Pelosi
splits, heads to fundraiser... CNN:
OBAMA LOSING LIBERALS... Farm
thieves target grapes, avocados -- even bees... Thieves
target ambulances... Thieves
Steal 100 Storm Drain Covers In Sacramento... RASMUSSEN
SHOCK POLL: Obama 41% Ron Paul 37%...
DEBT
DEAL DEAD... BOEHNER
WALKS...
80+ DEAD IN NORWAY
Terrorism
shatters peace in home of Nobel prize... NYT:
'Helpers of Global Jihad' claim... Fake
cop opens fire at youth camp... 'Tall,
blond, of Nordic looks'... REUTERS
UPDATE... BBC
LIVE... Obama,
Boehner discuss new debt plan... Developing... PRESSURE:
S&P renews warning...
SCORCH:
HIGH TEMPS TO LAST WEEKS... Now
covers 1 million sq miles... NEW
YORKERS WARNED TO EXPECT ROLLING OUTAGES...
Rolling
Blackouts Begin In Detroit...
Fears
mount about 'Big Brother' database in Massachusetts... Florida
made $63M selling names, addresses, dates of birth... Latin
America Lectures US over Debt Crisis... US
talks get 'messy'... Obama
now open to short-term deal...
Euro
meltdown: Sarkozy jets into Berlin for crisis talks with Merkel... 24
HOURS TO 'SAVE GREECE'...
Ron
Paul: 'We Will Default, Debt Is Unsustainable'... DEAL:
SENATE HUDDLES TO HIKE TAXES... Obama
praises... RESTATES
THREAT TO VETO SPENDING CUTS... LIBS
EYE DEEP CUTS TO NATIONAL DEFENSE...
Cash-Strapped
Connecticut Fire Sale, To Axe
365-Year-Old Ferry, Nation's Oldest...
OBAMA
MAKES JOKE; NO ONE LAUGHS...
Gold
Has Longest Run of Gains Since 1980... Gas
prices on the rise; top $4 in eight states...
Cash-Strapped
SF To Shutter Courtrooms; Lay Off 200 Court Workers (and yet another feinstein?
From direct experience with the superior courts of california, no loss here,
and eliminating them entirely not a bad idea in light of their costly
corruption as in the federal system! )... DEM
FLASHES RACE CARD IN DEBT DEBATE... UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv 'Only
THIS president has received the kind attacks and disagreements'...
BOEHNER:
HE HAS NO PLAN ... KRAUTHAMMER:
CALL THE BLUFF!
Feds
Issue Warning After 4 Mailboxes Lifted From Post Offices...
O'DRAMA... 'ENOUGH
IS ENOUGH'... WALKS
OUT OF WHITE HOUSE MEETING... 'DON'T
CALL MY BLUFF'... REID
CALLS CANTOR NAMES... CAMP
DAVID SUMMIT? BOEHNER:
NO NEED...
MCCONNELL:
GOP won't be 'tax collectors for Obama economy'... Hometown
congressman tells Obama to 'quit lying'... PELOSI:
'Almost too busy' to continue debt talks... GEITHNER:
Out of time... Cash-Strapped
NYC Fines Man $2,000 -- For Not Watering Beehive?
STUDY:
Black men survive longer in prison than out... Man
falls into Maui blow hole, disappears... PRESSURE: MOODY'S PUTS USA ON DOWNGRADE WATCH
Boehner
Rails on Obama: 'Like dealing with Jell-O'...
WH
Cracks Down on Press: No Yelling at Obama Today... President
'chafes' at unscripted questions...
BERNANKE
BARKS BACK AT PAUL... Fed May
Launch New Round of Stimulus... DOLLAR
TUMBLES... Putin
calls Feds 'hooligans'...
Gold
hits new high... DEBT
TALKS BREAK DOWN... McConnell:
Deal Not Possible With Obama … [ I think this shoe fits wobama ...
African-American unemployment at 16% ... (But there’s rationality in this stat
as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then
there’s the attitude. I truly believe from direct experience that even when
their outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed.) ] ... 'Backup
plan'...
OBAMA
THREATENS TO HOLD UP SOCIAL SECURITY CHECKS RUBIO:
Every Aspect of Life in America is Worse Since Obama Took Over... GE
Immelt lectures biz owners: 'Stop complaining about government'... FLASHBACK:
(GE )Company Paid NO TAXES Last Year...
OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... KARZAI'S
BROTHER ASSASSINATED IN KANDAHAR... Gunned
down in home by bodyguard... 'Huge
boost for Taliban'... Obama
'far apart' from Republicans on debt deal... Boehner:
Debt Deal Not Imminent... TORMENT
@ 9.2%
State
and local governments bleeding jobs... Top
Obama adviser says unemployment won't be key in '12 … (riiiiight!…talk about
wishful thinking and self-delusion)...
BUCHANAN:
DC Establishment 'in Panic'... S&P
WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT! 'Impossible
knot'... SANTELLI:
'The answer is easy: Spend less!' Italy's
borrowing costs soar... Berlusconi appeals for national unity and 'sacrifices'...
New
Fears on Italy Jolt Europe... Soros:
Europeans now need 'plan B'...
Mob
Of Teenage Girls Attacks Minneapolis Mom, 4-Year-Old Daughter...
Air
Conditioner Thieves Hit 7 Churches In Texas...
THEY'RE
HERE! BOEHNER:
Taxes 'off table'... Debt Talks Turn to Social Security Cuts... CHARGE:
Bypassing Congress to raise debt would be 'impeachable'...
Mullen
Accuses Tehran of Arming Iraq Militias… [
Riiiiight! Iraq’s the ‘boogey-man / bad guy’ in Iraq … not war crimes
nation america which invaded based on known lies ] ...
LONDON
BRIDGES FALLING DOWN: Coulson 'to be arrested tomorrow'... Gov't
decision on SKY takeover 'delayed'...
UPDATE:
China warns U.S. officials not to meet Dalai Lama...
CHICAGOLAND:
THIEVES STEAL ENTIRE A/C UNITS FROM HOUSES
UPDATE:
Teen Dead After Beach Brawl... Wisc
beating victim: 'They just said "Oh, white girl bleeds a lot"'...
US
Lawmakers Accuse DOJ of Cover-up in Botched Gun-Running Op... CA Prison Shrink Paid $838,706 Last Year... CA
companies flee state... No
recession for 454 White House aides: They'll make $37,121,463 this year... United
States of 'gloom'...
Iran
Ridicules: America is Not Independent...
SHOCK:
Father with HIV raped 6-month-old son...
MEDIA
BLOWS IT, AGAIN... NANCY
GRACE LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'... Attorney:
Case Was 'Media Assassination'... 'Now
you have learned a lesson'... CBS
host breaks down... 'TOT
MOM' CLEARED BY COURT...
JURY: NO MURDER! Only
guilty of lying to cops...
Portugal's
Debt Downgraded to Junk... CHINA:
USA 'ALREADY DEFAULTING'... DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead... NEW
IMF CHIEF FROM CHICAGOLAND... MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV... POLL:
Obama 42%, any
Republican 46%... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'...
Bachmann:
Media wants 'to see two girls come together and have a mud wrestling
fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come
together’ sounds about right … playing ‘victim’ does not become a presidential
candidate. ] ...
Palin:
Hollywood stars as 'full of hate'... ["What would make someone be so full of
hate?" palin asks … answer: resistance to someone as dumb and full of
war-mongering hate as she is! ]
REPORT:
NATO forces ARE
trying to assassinate Qaddafi...
Los Alamos under siege from wildfire... 'Throwing absolutely everything at this that we got'...
BLAGO
LIKELY HEADED TO PRISON... 'What
happened?' But
he gets to keep his hair... Fitz
finally wins one!
GUILTY
IN CHICAGOLAND... 17
of 20 counts... Tried
To Sell Obama's senate seat... Jury
DEADLOCKED on Rahm shakedown... Blago
to lawyer: 'What happened?' 'Stunned'...
JOBLESS
WEAK: 429,000... ...disappointed Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE
NEW 'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day!
DOWN TO
THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE... DEM
FIX: MORE SPENDING! Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA... 66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF... ANGER
IN ATHENS... 'BLACK
HOLE'...
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ]
Census:
Whites lose majority among babies... German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears... Princess
Diana Conspiracy Movie Headed to Theaters...
]
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
... Michelle Obama Admits: 'Fortunately, We Have Help From The Media'... CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'... Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS... Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge... Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into their
DNA proffer which they did buy – you know, that ‘bloodline thing’). Moreover,
it was reported that Diana had another ‘potential challenger in the oven’ at
the time of her death and we all know how dicey such english affairs of state
can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana
for having brought the son of her bosom, Chas, down. Do I think she said flat
out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this
looming conflict. After all, Diana was his mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ] Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s
such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv
3 Reasons Why This Summer Could Get
Ugly Simon
Maierhofer, July 29, 2011 [ Well, before getting to the
article, we all know why: because … ‘Sell in May, and go away!’ … Quite simple,
as previously set forth here and elsewhere, you should have ‘sold in May, and
went away!’ Why? Because … as Rosanne
Rosanna Danna formerly of SNL fame and as her mama always used to say, ‘it’s
always somethin’’ … but unfortunately, that somethin’ is not necessarily what
they say it is. ] ‘ It seems like the European Union and U.S. government are
stuck in a never ending game of Whac-A-Mole. It seems like more moles are
popping up more quickly, needing more force to be subdued (ironically the moles
come back just as the problems do).
Some
of the more stubborn and persistently recurring moles have been a weak housing
market (NYSEArca: IYR News XHB News XLF News KRE News
For
right now however, the mole that's holding the stock market captive is the
stalemate deficit situation. But regardless of the if, how and when the deficit
mole gets whacked, this summer (or late summer) may turn quite ugly. Here are
few reasons why:
Poor Seasonality
In
terms of seasonality, August is one of the worst months of the year. A silver
lining is provided courtesy of the Presidential election year cycle.
Pre-election year Augusts tend to perform much better than the average August.
While
the government's thumb may keep the scale tilted towards the bullish side in
August, the months of September and October tend to be bearish, even in
pre-election years.
A Looming Market Peak
The
S&P is laboring on a 10+ year bearish M formation. The ETF Profit Strategy
Newsletter has been tracking this pattern for several months and wrote on April
3:
'There
is strong Fibonacci projection resistance at 1,369. In terms of resistance
levels, the 1,369 - 1,xxx (reserved for subscribers) range is a strong
candidate for a reversal of potentially historic proportions.'
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
The
S&P (NYSEArca: IVV News
The
June 15 ETF Profit Strategy Update outlined this support and pointed out that
as long as it doesn't get violated (in fact it recommended to go long), the
possibility of new highs remains on the table.
Since
then the Nasdaq-100 (Nasdaq: QQQ News
Even
though things look bleak, I wouldn't write off the possibility of new highs
just yet. If the S&P rallies after a potential debt deal, it would offer a
good opportunity to short the market. If it doesn't, it may fall straight into
the summer doldrums.
Weakening Demand
The
Dow Jones Transportation Index (NYSEArca: IYT News
1)
Transports rallied to new highs on July 7, while the Dow Jones Industrial
Average was unable to better its May 2 high. According to Dow Theory that's
bearish.
2)
IYT has fallen nearly 10% in three weeks. What do Transportation stocks know
that we don't? One thing could be that UPS, FedEx and Union Pacific only ship
what you and I order. If we don't order, they don't ship.
The
weakness in Transportation stocks may be reflective of weakening consumer
demand.
The
How Robinson Container Index fell 9.3% since the end of April. The Index tracks
rates for container vessels that ship everything from pens and sneakers to
flat-screen TVs and DVR players.
Over
the same period last year (it's not like we had a great economy last year) the
Index surged 56%. Retailers are restocking now for back-to-school and holiday
shopping, so this weakness during peak season is troublesome.
Because
of the lack of peak season demand, leading shipping companies had to delay the
introduction of the usual peak-season surcharges on Asia-U.S routes.
Ignore the Mole
If
you've read my articles before, you know that I used to write more about
economic indicators and fundamentals. But quite frankly, I think following
economic indicators and spoon fed news is a waste of time.
For
the past two years the housing market has been getting worse, yet stocks were
going up. The government is unable to rev up hiring, yet stocks were going up.
Greece has been getting bailouts, yet stocks were going up (I'll stop here).
The
one time economic indicators were really pointing towards a sustainable
economic recovery was in April 2010. However, I view economic indicators as
lagging indicators. They lag behind stocks and stocks had been going up. For
that reason I wrote in the April 2010 ETF Profit Strategy Newsletter that: 'the
message conveyed by the composite bullishness is unmistakably bearish.'
That
was the last time I used economic indicators to make a market call. My focus
has been on technical indicators accentuated by sentiment and a healthy dose of
skepticism towards Wall Street and the media…’
The Week Ahead: More "Bizarro World" Forbes Tom Aspray MoneyShow.com ‘It’s all about the debt-ceiling debate right now,
and mounting fears have caused technical damage that will take time to resolve.
Use any short-lived rally as a chance for selective selling.
It was a rough
week for the markets this past week, and the week ahead may be no better. Last
week, Senator John McCain used the word “bizzaro” in his description of how the
debt crisis was being handled. It is nice to have one politician who is not
afraid to speak his mind. Comic book fans will remember that Bizarro World was
a fictional, cube-shaped planet from DC Comics (how appropriate!). [ Since the author’s referred to mccain, I’ll say
mccain’s wife’s / extended ‘family’’s portfolios probably took a hit, so as
always, mccain’s ‘up in arms’ and add this here: The Plum Line : McCain erupts: Conservatives are lying
to America Talk
about lies and liars, mccain’s been a total fabrication, since Vietnam
particularly. Keating 5 mcCain’s a total fraud (wealthy by that meyer lansky
crowd, he still collects social security, and takes those congressional raises
he votes for). He is, and always has been, a pathetic loser; which, if you look
around you, the nation is inundated with today!.. Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo
| John McCain worked overtime to make sure Vietnam POWs never came home. I
think the even bigger story vis-ŕ-vis mccain is: http://www.albertpeia.com/heroenot.htm
‘Did you know that that so-called "american heroe" john mccain was
referred to by his fellow pows in Vietnam as something akin to the
"songbird" inasmuch as he was constantly "singing" to his
Viet-Cong captors to curry favor and better treatment? This has been documented
with authority by Colonel David Hackworth. The same violates military
code/protocol (other soldiers have been court-martialed for far less) click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up scenario, compromizing the false facade
of far less than a heroe, is exactly what a criminal (lie of a) nation as
america loves and encourages (get everyone's hands dirty so no-one dares to rectify
same, ie., bush, sr., clinton, bush, jr.). That is, "toe the (corrupt,
propagandized) line", become a criminal, or be exposed, prosecuted, and/or
ruined; and, hasn't anyone asked how "wall street" has been
"spared the spotlight" (and even was accorded protective legislation
from their criminal culpability) and focus of inquiry, attention, and
prosecution despite being the primary beneficiaries financial and otherwise of
these scams (you know the wall street motto, "churn and earn"; huge conflicts
of interest if not outright fraud)…’…Oh and they so can afford it Deficit
panel proposes huge cuts (Washington Post) [ Cuts? (This is from 2010 coupled with the same foregoing prior
post) I heard the corrupt, incompetent lawmakers were giving themselves a
raise. They actually deserve at least a 10% paycut and abolition of those
lifetime appointments / permanent corrupt bureaucracies. Nothing succeeds like
failure and crime in pervasively corrupt, defacto bankrupt america! ] Lawmakers
propose curbs on Social Security, cuts in spending and tax hikes if long-term
goals aren't met.
It would be
nice if last week’s action in the financial markets and in Washington, DC was
fictitious, but unfortunately, it was not. The debt crisis weighed on the
markets from the start of last week, and the selling pressure picked up steam
as the week progressed. This week may be just as treacherous.
Another vote
is scheduled for late Friday, but I am not optimistic that it will mean much.
In all likelihood, we will wake up on Monday and still be without a deal.
Investors definitely have started to run scared, as they removed $13.6 billion
from stock mutual funds and ETFs in the first four days of last week.
Institutions
are also nervous, as very short-term T-bill rates have spiked, therefore
causing the yield curve to flatten out. Historically, a flat yield curve is
negative for the economy. Yields on the ten-year T-note dropped to new lows for
the year, as they seem to be the safest haven, after gold.
Though a deal
will eventually be done, what we can’t determine is whether the confidence in
the markets and economic recovery has suffered a fatal hit. A contraction in
credit at this fragile time in the economic recovery could have serious
implications.
There has been
some technical damage to the stock market as well, and while the analysis of
the Advance/Decline (A/D) line still suggests that a major top is not complete,
some time is likely needed to repair the damage.
The negative
short-term analysis allows for more selling, and the S&P 500 could drop
back to the March lows, which are more than 3% below Friday’s close.
http://www.moneyshow.com/image.asp?imgSrc=investing/Guru/WA7-29a_large.gif&aid=GURU-23955&scode=012551
A surprise
decline in claims for unemployment insurance was one of the few positives last
week. The much weaker GDP numbers, especially the big downward revision in the
first quarter numbers, hit stocks hard early Friday.
These numbers
did not help make the dollar more attractive, as the dollar index violated
support (line a) on July 21. Though it is possible that the dollar is forming a
double bottom, a more likely interpretation is that it will break below the
recent lows, which will cause heavier selling.
Gold was the
big winner last week, and after completing its flag formation (lines c and d)
on July 12, the Spyder Gold Trust (GLD ) has accelerated to the upside. It is still below the
upside targets from the flag formation, which are in the $160-$162 area.
Platinum
prices have been lagging gold, as platinum is just $155 more expensive than
gold. In January, one ounce cost $525 more, and the long-term chart of the platinum/gold spread is quite
interesting.
The week ahead
is a big one for economic reports with the main focus being on jobs. The ADP
Employment report is due out Wednesday, with jobless claims due Thursday, and
the key monthly jobs report scheduled for Friday.
There are some
other reports as well, with the ISM Manufacturing Index and Construction
Spending set for release on Monday. On Tuesday, we’ll get the Personal Income
report, while the ISM Non-Manufacturing Index and Factory Orders will be
released on Wednesday.
What to
Watch
Last Thursday,
I identified some key levels for ETFs that represent the
major stock indexes. Those levels were decisively broken in the Spyder
Trust (SPY ) and SPDR Diamonds Trust (DIA ). Technology has been the strongest sector recently,
and the tech-heavy PowerShares QQQ Trust (QQQ ) is so far holding well above its key support.
Stocks made
their lows on the opening last Friday, and despite much-worse-than-expected
economic numbers, S&P futures closed almost ten points above the early
lows. Though this does possibly mark a short-term low, a rally this week will
have to be watched closely.
My concern is
that we will see a sharp reflex rally once a deal on the debt ceiling is made,
but that rally won’t last more than a day.
http://www.moneyshow.com/image.asp?imgSrc=investing/Guru/WA7-29b_large.gif&aid=GURU-23955&scode=021551
S&P
500
The monthly
chart of the Spyder Trust (SPY ) shows that it has closed lower for the past three
months. It is currently not far above the monthly uptrend, line a, at $127.
There is further support from the April 2010 highs at $122.
The 200-day
moving average (MA) (not shown) is still rising but was violated last Friday.
Once below
Friday’s low at $127.97, the next key chart support is at $126.19 and the June
lows. SPY made a low in March at $125.28 during the panic selloff.
The S&P
500 A/D line has broken the uptrend from the June lows and now shows a pattern
of lower highs and lower lows. The June lows now represent important support.
There is
initial resistance for SPY at $130.40-$131 with much stronger resistance at
$132.63.
Dow
Industrials
The SPDR
Diamonds Trust (DIA ) was hit hard last week, falling as low as $120.64 last
Friday. One can make a case from the weekly chart that a weekly head-and-shoulders
top is forming. The neckline (line b) is just above the $119 level with the
June lows at $118.54.
A decisive
close below both of these levels on a weekly basis would clearly be serious.
The weekly OBV did confirm the highs in May, but it remains below its weighted
moving average (WMA) and has broken its uptrend, line c.
The Dow
Industrials’ A/D line has reversed sharply, breaking the long-term uptrend, but
it is still above the June lows. If those lows are broken, a more serious
decline could occur.
There is
significant resistance for DIA at $122.50-$123 and more important resistance
now at $123.80 to $124.39.
http://www.moneyshow.com/image.asp?imgSrc=investing/Guru/WA7-29c_large.gif&aid=GURU-23955&scode=021551
Nasdaq
100
The tech
sector was the strongest last week, as the PowerShares QQQ Trust (QQQ ) held above key support at $56.87-$56.98. Friday’s low
was $57.44.
The better
relative performance, or RS analysis, is evident on the %Change chart, as QQQ
shows higher lows while SPY shows lower lows.
The Nasdaq 100
A/D line did not confirm the recent highs and this divergence is now more of a
concern. A break of longer-term support will confirm the divergence.
There is
initial resistance at $58.80-$59.30.
Russell
2000
The iShares
Russell 2000 Index Fund (IWM ) was hit hard last week, down over 5%, and it is
already close to the June lows at $77.23, having reached $78.24 on Friday.
If the June
lows are broken, the major 38.2% support is at $76.11.
The Russell
2000 A/D line is declining, but it is still holding above major support.’
Top
3 Reasons Markets Were Down After a Weak GDP Report Wall St. Cheat
Sheet July 29, 2011, Markets closed
down on Wall Street today: Dow -0.79% , S&P -0.65% , Nasdaq -0.36% , Oil
-1.56% , Gold +0.74 % .
On the
commodities front, Oil fell to $95.92, while precious metals gained, with Gold
up slightly to $1,628.10 an ounce and Silver up 0.29% to $39.91 an ounce.
Don’t
Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling .
Today’s
markets were down because:
1) Debt
ceiling. Every day I have to include the debt ceiling as one of the reasons the
markets were down, a little piece of me dies. Four days until the Treasury’s
deadline and Congress seems to have reached a stalemate. Boehner keeps pushing
forward with his bill, and finally has enough votes in the House for it to
pass, only to get voted down soon as it reaches the Senate, where Democrats and
Republicans alike have vowed they will block it. Senate Majority Leader Harry
Reid is working on a budget plan that has wider support in the Senate, but it
has yet to be put to a vote, until which point there’s no knowing which way it
will go, especially in the Republican-led House. So in the meantime, we wait
and listen to China complain
about the US .
2 ) GDP . If
yesterday’s positive economic news wasn’t enough to counteract the depressing
effect of the looming debt ceiling, today’s bad economic news sure isn’t going
to help matters. Stocks took a huge dip this morning right out of the gate
after the Commerce Department reported GDP
grew at an annual rate of 1.3% during the second quarter, well below
projections of 1.8% growth. While data like durable goods orders and consumer
spending give us an idea of how the economy is progressing, GDP covers the
whole kit and kaboodle, and the most recent figures are not good.
3) Treasuries.
While short-term Treasuries saw a moderate selling-off on Friday, as would be
expected, the price on the benchmark 10-year note rose, pushing the yield down
from 2.91% to 2.78%, the biggest one-day drop since December 2010. Longer-term
investors tend to focus more on the economy than more immediate issues like
those plaguing Washington at the moment, so the fact that the price of
long-term notes is up shows that investors have a positive economic outlook.
BONUS: Cost
of Insuring U.S. Debt Explodes to Two-Year High .’
The
‘Duh! Ya think?’ corner:
Confusion
Grips Wall Street Ahead of Debt-Ceiling Deadline - Aaron Task
2011
Is Proving to Be a Horrible Year for the Economy - Peter Gorenstein
Even
the Best Investors Get It Wrong. Ask John Paulson - Peter Gorenstein
Probabilities
of Bearish Scenarios Increasing at Minyanville
[video]
Economist John Ryding: Concerned About Stagflation at TheStreet.com
S&P 500 Down 3.92% for the Week
Investors
Flee Markets: Dave's Daily at TheStreet Here’s a picture
of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif
courtesy of Dave … ‘We're in an "event
risk" market environment. These are never easy to trade or position. I
would wager many institutions and individuals are trying to find protection in
whatever instrument they can find and/or are permitted to use. According to
Lipper investors pulled a net $32.2 billion from mutual funds--including
ETFs--for the week ended July 27. This continues the previous trend. Further
investors loss of confidence in the U.S. is increasing by the moment. There wasn't an attempt at end-of-month window dressing
as conditions made this futile. Gold (GLD,
IAU, DGP), Japanese Yen (FXY), Swiss Franc (FXF), U.S. bonds (IEF) were about
the only areas showing any life or safe haven status. I'll bet there were
plenty of exotic options transactions as investors sought protection there…’
Surveying
The Week's Wreckage at The Wall Street Journal
While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s
get real here! The economy was already burning (see infra), Washington
notwithstanding! Indeed, the frauds on wall street with those contraindicated
paper stock computer programmed commissioned churn-and-earn rallies would love
for you to think it’s Washington only (that aw shucks, coulda’ been clear
sailin’ otherwise moment). But the reality is that things are far more dire
financially and economically than their window-dressed scams would indicate,
though washington’s no help, incompetent, unknowledgeable, and ineffectual as
they are (although fraudulent wall street, aside from their consummate
scammin’, is little better and probably overly relied upon and light in those
very areas one would expect to find profiency; viz., finance and economics.)
Most importantly, realize that if wobama’s actions had not belied his
words/campaign promises, the nation’s position, though still ominous, would
have been substantially improved.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Growth
anemic, debt fight poses recession risk Reuters | The U.S. economy stumbled
badly in the first half of 2011.
Giant
Banks Lobby to Raise the Debt Ceiling and Slash Public Benefits
Washington’s Blog | Some complain about the poor sucking on the government
teat.
Apple
Now Has More Cash Than The U.S. Government Business Insider | The world’s
largest tech company has more cash than the world’s largest sovereign
government.
IMF
chief: Dollar status in doubt if debt crisis persists AFP | Lagarde warned
that failure to resolve the crisis would likely raise “doubts” about the
dollar’s status as the world’s reserve currency.
Municipalities’
credit ratings at risk Counties in the Washington area could lose their
sterling ratings if the federal government is downgraded. (Washington Post) [
How ‘bout they lose their sterling ratings even if the federal government isn’t
downgraded. States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Meredith Whitney: GIRD YOUR LOINS ‘New Jersey’s move to take
out a short-term $2.25 billion loan to pay its bills is symbolic of how
difficult state and municipal financing will be in the year ahead, analyst
Meredith Whitney told CNBC Tuesday…she said these types of moves will be mere
warning shots as states approve their spending plans for the fiscal year
ahead—running from July 1 to June 30—and balance those budgets by cutting local
aid. “That’s what’s really going to hurt. So the pain of the states is just
upon us,” said Whitney. “What you’ll see now is as the states are submitting
final budgets, you’ll see the real pain at the municipal level start happening
July 1. That will intensify and that’s where you’ll see the
fallout.”"That’s what’s really going to hurt. So the pain of the states is
just upon us,” said Whitney. “What you’ll see now is as the states are
submitting final budgets, you’ll see the real pain at the municipal level start
happening July 1. That will intensify and that’s where you’ll see the fallout.”CNBC ]’Moody's
Cuts Connecticut Outlook To Negative at Forbes Halah Touryalai ‘ Is Meredith
Whitney’s “I told you so” moment approaching?
Moody’s just lowered Connecticut’s general obligation
rating to negative from stable citing among other things “depleted reserves
with slim prospects for near-term replenishment.”
From Moody’s:
The state has approximately $14 billion in
outstanding general obligation bonds…The negative outlook reflects
Connecticut’s depleted reserves with slim prospects for near-term
replenishment; pension funded ratios that are among the lowest in the country
and likely to remain well below average; and high combined fixed costs for debt
service and post employment benefits relative to the state’s budget. In the
absence of a clearly articulated plan to achieve meaningful improvement in the
state’s pension funded ratios and reduce its fixed costs, as well as progress
toward adequate reserve levels, Connecticut’s rating could be downgraded.
The news comes just a day after it was revealed that
its tri-state neighbor New Jersey is seeking a $2.25 billion bridge loan from JPMorgan Chase . The Garden State has decided to take a bank
loan instead of issuing bonds because the later would require more time to
raise the necessary amount of cash to pay its bills.
Whitney, the analyst who has been sharply criticized
for her prediction of widespread municipal defaults this year, was on CNBC this morning discussing the bridge
loan . From the interview:
“I wouldn’t read too much into this one financing. It
could be business as usual. That’s not the issue,” Whitney said in a live
interview. “New Jersey’s fiscal woes are far bigger than them accessing a line
of credit or a new loan.”
Rather, she said these types of moves will be mere
warning shots as states approve their spending plans for the fiscal year
ahead—running from July 1 to June 30—and balance those budgets by cutting local
aid.
“That’s what’s really going to hurt. So the pain of
the states is just upon us,” said Whitney, famous for her warning about Citigroup ‘s exposure to subprime loans back in 2007, a call
that would foretell the ensuing financial crisis. “What you’ll see now is as
the states are submitting final budgets, you’ll see the real pain at the
municipal level start happening July 1. That will intensify and that’s where
you’ll see the fallout.”
Whitney said
last year that she expects hundreds of billions in defaults on municipal bonds
in the next five years.’ Meredith Whitney Adds 10 New States To Her Sh*t List Bess
Levin Meredith
Whitney State Finances Are Worst Than Estimated [Fortune via Katie Benner . Ask Meredith Whitney! She was right last
time, and this time, like last last time, she’s takin’ it on the chin from the
permabull wall street frauds: Meredith
Whitney Sticks to Her Guns Today Roche ‘Talk about holding onto a losing
trade. At the Milken Conference yesterday, Meredith Whitney said there was
nothing controversial about her muni call, maintaining that she has more
conviction about the muni crisis call than anything in her entire career. Via
Bloomberg:
Whitney said on the panel, “It’s not that big of a
call..There’s nothing controversial about that call, if you look at the
numbers.”
“You can criticize me for everything you want, I’m
just numb to it because I have more conviction on this than I’d had on any
single thing in my career.”
On the same panel, David Solomon, Goldman Sachs’
co-head of investment banking said, “I don’t think we’re doomed. I think the
resources available to us, and the changes that will evolve as we come out of a
very, very difficult economic period that we’ve been stuck in over the past
couple of years, will provide more flexibility than I think Meredith believes.”
Boehner
rewrites bill after analysis How has the Congressional Budget Office, a
small agency of analysts, gained such authority in D.C.? Alice
Rivlin on CBO’s role in debate Ezra
Klein: Why does anyone trust CBO? (Washington Post) [ Yeah! ‘Tis true! I’d also have more
confidence if the analysts were not CBO, but rather, psychoanalysts! Vote
on Boehner bill delayed after analysis Washington barreled closer to crisis
as House Speaker Boehner and Senate Majority Leader Reid scrambled to build
support for rival plans to control the national debt, but both appeared doomed
without significant modifications. (Washington Post) [ Psychoanalysis? Oh, yeah
… that other kind of analysis, that deals with numbers and things and logic.
Okay … sounds like a plan … or, at least planning to have a plan. But let’s not
dismiss psychoanalysis so quickly either. After all, they are americans … after
all; and particularly, D.C. Washingtonian americans at that ( I did a brief paper
on psychoanalysis / psychoanalytic method http://albertpeia.com/psychoanalyticmethod82309.htm which is a compelling subject). Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Boehner
orders GOP to fall in line on debt As investors grow increasingly anxious,
House Republican leaders deliver a tongue-lashing to their most conservative
lawmakers and cast Thursday’s roll call as nothing less than a vote of
confidence in their stewardship of the chamber. (Washington Post) [ Mais oui,
mon fuhrer! Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington Post) [ Well,
it’s that darn teleprompter. Yeah, Mr. Teleprompter really craves that prime
time face time; you know, so close to the elections. ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they say
… but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ Moody's
puts U.S. ratings on review for downgrade Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
It’s not ‘default’ The U.S. will
not default after Aug. 2. Something much weirder and more chaotic will happen.
(Washington Post) [ No matter what you call it, or what it is, beyond the spin,
the reality is that it ain’t goin’ to be good! Ain’t goin’ to be pretty! So
there you go, and you read it here: ‘no default’ . Well, I don’t know about ‘no
default’ because I’m with the camp that posits that we’ve already defaulted
(see immediately infra); but, I do believe that prospectively, for the
foreseeable future, ‘weird and more chaotic’ describes america just fine, in a
nutshell. Drudgereport: CHINA:
USA 'ALREADY DEFAULTING'...
, One commentator, Peter Shiff,
to Frank Motek of 1070am Bus.Report references the sham in Washington; and
regardless, points to default by way of inflation, further stating that the
debt ceiling’s already been breached by borrowing. Moreover, he additionally
states that default is inevitable by way of inflation; that the fed will be
buying the evermore worthless american paper (bonds) and creating/printing
evermore worthless american dollars; that there’s been a quid pro quo with at
least one of the 3 (S&P, Moody’s, Fitch) federal licensed rating agencies,
viz., of reaffirming the u.s. AAA rating in return for no prosecution
surrounding their role in the S&P AAA rated worthless (fraudulent,
mortgage-backed, derivative) paper securities (fraud) giving rise to the
previous leg of this continuing, ongoing debacle / crisis. He finally goes on
to recommend non-u.s., non-dollar denominated assets, precious metals, and
alternate currencies. A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?” …’
National / World
Here’s a picture of obama
voters / backers: http://www.albertpeia.com/wobamavoters.gif
Exclusive: ATF Intimidates Gun Owners With Home Visits Paul
Joseph Watson | Federal agency attempts to make firearms retailers spy
on their customers under new illegal directive.
About
Obama’s ‘Secret Plan’ Powerline | The best kept
secret in Washington has apparently been President Obama’s secret debt-ceiling
plan.
THE issue of our time: Genetic Armageddon Daniel
Taylor | If the Scientific Dictatorship is allowed to continue without
debate, the survival of the human species is at risk.
Exclusive: ATF Intimidates Gun Owners With Home Visits Paul
Joseph Watson & Aaron Dykes | Federal agency attempts to make
firearms retailers spy on their customers under new illegal directive.
Is America Caught In The Closed Mind Trap?
House
leaders postpone vote on debt plan
House Republican leaders delayed until at least Friday a white-knuckle
vote on legislation designed to ease the nation’s debt crisis, after hours of
scrambling in vain to lock down the last votes needed for passage. (Washington
Post) [ Sounds like a plan! That plan to delay a vote on the plan’s plan to
have a plan to make a plan that plans to plan for pervasively corrupt, defacto
bankrupt america’s averted default plan’s plan to revisit a plan for a plan
post-election. Who could possibly say that americans are / were not planners? The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Come on! Who believes their
pre-election year data, reports, b***s***? There’s desperation in the air and
like never before! One commentator, Peter Shiff, to Frank Motek of 1070am
Bus.Report references the sham in Washington; and regardless, points to default
by way of inflation, further stating that the debt ceiling’s already been
breached by borrowing. Moreover, he additionally states that default is
inevitable by way of inflation; that the fed will be buying the evermore
worthless american paper (bonds) and creating/printing evermore worthless
american dollars; that there’s been a quid pro quo with at least one of the 3
(S&P, Moody’s, Fitch) federal licensed rating agencies, viz., of
reaffirming the u.s. AAA rating in return for no prosecution surrounding their
role in the S&P AAA rated worthless (fraudulent, mortgage-backed,
derivative) paper securities (fraud) giving rise to the previous leg of this
continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s.,
non-dollar denominated assets, precious metals, and alternate currencies. This is still a great opportunity to sell / take
profits since there’s much, much worse to come! Initial
unemployment claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ Huge suckers’ rally to keep the suckers suckered in
this market based upon backward looking data discounted multiple times to the
upside (including the apple numbers as recently as last week on ‘leaked’
expectations of ‘better than expected’, etc.), taxpayer funded QE results, and
b***s*** alone. This is an especially great opportunity to sell / take profits
since there’s much, much worse to come!
IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
Stocks
extend losses amid debate Declines tempered by report showing fewer
Americans filed for unemployment benefits last week. (Washington Post) [ Oh riiiiight! Signs, signs, everywhere the
signs; happy days are here again … Wow! … Who’s kidding whom in these
pre-election year follies. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Come on! Who believes their
pre-election year data, reports, b***s***? There’s desperation in the air and
like never before! One commentator, Peter Shiff, to Frank Motek of 1070am
Bus.Report references the sham in Washington; and regardless, points to default
by way of inflation, further stating that the debt ceiling’s already been
breached by borrowing. Moreover, he additionally states that default is
inevitable by way of inflation; that the fed will be buying the evermore
worthless american paper (bonds) and creating/printing evermore worthless
american dollars; that there’s been a quid pro quo with at least one of the 3
(S&P, Moody’s, Fitch) federal licensed rating agencies, viz., of
reaffirming the u.s. AAA rating in return for no prosecution surrounding their
role in the S&P AAA rated worthless (fraudulent, mortgage-backed,
derivative) paper securities (fraud) giving rise to the previous leg of this
continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s.,
non-dollar denominated assets, precious metals, and alternate currencies. This is still a great opportunity to sell / take
profits since there’s much, much worse to come! Initial
unemployment claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking earnings
results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ Huge suckers’ rally to keep the suckers suckered in
this market based upon backward looking data discounted multiple times to the
upside (including the apple numbers as recently as last week on ‘leaked’
expectations of ‘better than expected’, etc.), taxpayer funded QE results, and
b***s*** alone. This is an especially great opportunity to sell / take profits
since there’s much, much worse to come!
IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Limbaugh:
We've Been Played for Saps , Folks: Boehner Bill Will Become Reid Bill July
28, 2011 ... [ God knows I’m no fan of perma
war, bush, etc., apologist limbaugh’s; yet, I’m constrained to say I agree with
his headline and include his article (which I’ve not read) here for 1st
Amendment purposes while also saying, republicans, democrats … at this point,
what’s the difference? ] ‘BEGIN TRANSCRIPT
RUSH: I think
we've been played for a bunch of saps, I mean not us exclusively, I just mean
the whole country, the Republican Party, ruling class. I'll explain as
uncomfortable as it is and as grading as it is, I'll explain as the program
unfolds it's great to have you here as always telephone number if you want to
be on the program. 800-282-2882. The e-mail address [email protected]
There's no Obama
bill. There's nothing set down on paper. So the Reid bill will
become the Obama bill. The Boehner plan will become the Obama plan.
I think that's the trap. And, of course, the establishment, Republicans
are all gung ho. "Gotta get this done. It's the best we can
get." Because they're telling themselves there aren't any tax
increases in it, and there aren't. There aren't any tax increases in the
Boehner bill. And there are spending cuts and there are caps, but what
happens when that goes over to the Senate and Reid says, "You know what, I
like some of this and I don't like that. Let's take some of this out and put
some of this in," and gets his votes for it and the Boehner bill becomes
something unrecognizable, then goes back to the House, what are they going to
do? They've already passed the Boehner bill under the guise that we can't
wait any longer, that AAA credit rating is in jeopardy, all this rotgut BS.
BREAK TRANSCRIPT
The guys at Red State,
reading stuff this morning, and they found an interesting passage in Mike
Allen's Playbook in The Politico. Mike Allen has this thing every morning. It's
sort of a take-off of what the Hotline does, a little Dot, Dot, Dot column on
all that's going on in Washington, politically; what's supposed to happen today
and what happened last night and all kinds of things. It's just the political
junkie's delight. There's this little package, a quote from an unnamed top
Democrat. "The press will obsess about today's House vote on the Boehner
two-step bill, but at best it is an exercise in political machismo. At worst
it's the beginning of the most irresponsible act in congressional history,
because the House bill is dead on arrival in the Senate.
END TRANSCRIPT’
Top 3 Reasons Markets Were Down Despite Apparent Economic
Recovery Wall St. Cheat Sheet, July 28,
2011 [ Come on! Who believes their pre-election year data, reports, b***s***?
There’s desperation in the air and like never before! ] ‘ Markets closed
down on Wall Street today: Dow -0.51% , S&P -0.32% , Nasdaq +0.05% , Oil
-0.27% , Gold -0.22 % .
On the
commodities front, Oil fell to $97.14, while precious metals were mixed, with
Gold up slightly to $1,617.40 an ounce and Silver down 1.88% to $39.81 an
ounce.
Don’t
Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling .
Today’s
markets were down because:
1) Jobless
figures. Giving the markets an early boost this morning was news that last week
initial
jobless claims fell below 400,000 for the first time since early April.
Though that number still seems high, economists say that, when jobless claims
fall below 400,000, that means the economy is adding more jobs than it’s
losing. All of the major indices were up this morning on the news, climbing
into the early afternoon before taking a dip. The Dow climbed as high as 12,380
points, but unfortunately wasn’t able to hold onto the morning’s gains,
ultimately settling in the red, as did the S&P 500, with only the Nasdaq
Composite holding on to enough of its gains to finish the day up, though well
below its high just before noon.
2 ) Pending
home sales. Yep, those improved as well. According to the National Association
of Realtors, pending
home sales continued to increase in June , up 2.4% over May and a whopping
19.8% over June 2010. Last month is only the second since April 2010 to show
year-over-year growth, and this upward trend bodes well for the housing market
, which has been slow to recover from the financial crisis.
3) Debt
ceiling. Until Congress agrees on a new budget and a plan to raise the debt
ceiling, markets are going to continue to be weighted down by the pressure of
impending default. It doesn’t matter that unemployment may start to decline, or
that pending home sales are up — if the government defaults on its obligations,
all the progress that’s been made so far will be thrown out the window.’
Minyanville's T3 Daily Recap: Market Stuns Dip Buyers, Gives
Back Big Early Gains ‘During the first
half of the day Thursday, the market looked set to erase most of yesterday's
potent down day. Many bulls were calling yesterday's big selloff a shakeout.
Boy, can four hours make a world of difference. Stocks Nasdaq
was able toe eke out a narrow gain, but the S&P , and Dow
both closed in the red. Many stocks had huge travel ranges today with the
swinging market, not the least of which was LinkedIn Corp. (LNKD stock
AAII
Sentiment Survey: Investors are Getting Very Negative About Stocks Wall
St. Cheat Sheet
Don't
Light That Short Fuse! at Forbes … The markets seem likely to re-test recent lows, and if key
technical levels are broken, an explosion in selling is possible. The fuse is
getting shorter. Consider some selective selling, and watch these price
levels on the major stock index ETFs … What It Means
Another
Late-Hour Stumble at The Wall Street Journal
Dagong
Says Will Cut US Rating As Early As Monday Zero Hedge | “We will react
soon, probably next Monday or Tuesday.”
This
Is What A Collapsing Ponzi Scheme Looks Like David DeGraw | You might want
to sit down for this one.
White
House Says Treasury Will Be “Running On Fumes” Shortly Tyler Durden | The
White House’s press secretary Jay Carney said that the Treasury will be
“running on fumes” if the debt ceiling is not raised by August 2.
Tax
Cuts for the Middle Class and Poor STIMULATE The Economy, But Tax Cuts for the
Wealthy HURT The Economy Washington’s Blog | Extreme conservatives push for
tax cuts … but just for the wealthy.
S&P
softens stance on rating debate Rating agency clarifies that even a
less-than-$4T cut in deficit would allow the U.S. to avoid a downgrade. S&P
cuts Greece rating from CCC to CC (Washington Post) [ Well there you go! If S&P says it, it must
be true … NOT! …; kinda’ like those fraudulent, paper, mortgage-based
derivative securities, etc.. S&P AAA … I mean, at this point, who’s really
counting … a trillion here, a trillion there … heck, so what … Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ ! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this
inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Reports
confirm decelerating economy Debt showdown is coming at a time that the
economy is barely eking out any expansion at all. Beige
book highlights, coast to coast (Washington Post) [U.S.
markets stay calm amid debate Investors are getting antsy without a deal in
Washington, but the markets are not in freak-out mode. (Washington Post) [ Ah,
riiiiight! ‘Cool as cucumbers’ they are. Well, they still got the high
frequency, high volume, lightning speed computer manipulated churn-and-earn
going for them, on the way down as well; but, not alls well. There’ll certainly
be less in the way of funds for them to suck dry through various machinations
which obfuscate and literally hide their already crashed scam. Previous: (Washington
Post) [ Yes … this
sounds like a job for … Rosanne
Rosanna Danna formerly of SNL fame, to chime in with a reminder as her mama
always used to say, ‘it’s always something’ … but unfortunately, that somethin’
is not necessarily what they say it is. (from 2010) Reality is that the u.s.
market needs no help from Asia or Ireland or Greece, etc., to fall but here in
the states they would love for you to think that. The fact is that the u.s.
market is way over-valued / over-bought, floating on air and b*** s*** alone in
this new bubble as in the last before the previous crash that the wall
street frauds and insiders commission with high frequency churn-and-earn trade
programs and sell into . I mean, forget about valuations, security
analysis, basic economics, etc. … it’s
suddenly, from out of nowhere, Ireland and China jamming on the breaks …
riiiiight! Come on! That dog don’t hunt no more! Lloyd, infra, lists 17
concerns right off the top. The decline certainly was no mystery to Loundsbury,
Roche, Maierhofer, Hussman, etc., infra, among many others. … Fed Easing Is Not Aimed at Weakening
US Dollar: Dudley [ It
doesn’t matter what they say … you can’t believe a word they say, like
no-recession ben shalom bernanke … and, contrary to rhetoric, their intent was
as preceding the last crash was to inflate earnings to froth the stock market
(to create the all too familiar bubble for wall street frauds and insiders to
commission with high frequency churn-and-earn trade programs and sell into ) by
debasing the fiat Weimar dollar currency.
] New York Fed President Bill Dudley, in one of the first Fed interviews
since the central bank’s policy came under attack at the G20 meetings in Seoul,
said critics were “off base” to believe the aim of the policy is to weaken the
U.S. dollar.] U.S. stocks continue recent slide amid deepening investor anxiety
about the global economy. The stock market continued its recent slide Tuesday
amid deepening investor anxiety about the global economy. Wall Street was
worried that Ireland could require a bailout, that China will jam the brakes on
its overheating economy ... Commodities
sink on China, European concerns BusinessWeek Summary Box: Stocks
Sink on Fear of China Slowdown Markets
may be near tipping point U.S. debt default could rock the global economy
at a vulnerable time, with growth already slowing in Asia. (Washington Post) [
‘Tipping point’? ‘May’? Yes, May. You should have sold in May and gone away! The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Previous: Suckers’ rally into the close off lows
based on bad news and b*** s*** alone as previously: Initial
unemployment claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
National / World
IMF and CFR Insider Recruited by Obama White House Kurt
Nimmo | Caroline Atkinson has all the right credentials to help the
globalists micromanage their financial crisis.
Polarbeargate
Obama to Approve ‘Al-Qaeda Embassy’ in Washington
New NASA Data Blow Gaping Hole In Global Warming Alarmism
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of government cover-ups,
notably by even the DOJ. You’ll recognize some familiar names (ie., Alito,
Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some
familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t
ops, bribes, etc.). [Did you know this about the following ATF Agents who were
probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan &
Conway LeBleu: Died February 28, 1993 by gunfire at
Waco. All four were examined by a pathologist and died from identical wounds to
the left temple. All four had been body guards for Bill Clinton, three while
campaigning for President and when he was Governor of Arkansas.They also were
the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar) .
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part -
crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month thereafter
upon inquiry I was told that Jonathon Lacey was no longer with the office,
that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of
then U.S. Attorney Alito, addressed to him, with assurance they would go
directly to him. In addition to
being inept [ I looked in on the one mob case he had brought, bungled,
lost (accidently on purpose?) since I was suing some mob-connected under
RICO and the court (I had known / previously met outside of court the
judge Ackerman through a client) was absolute bedlam and a total joke
since incompetent corrupt Alito brought in all 20 mob defendants (rather
than prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as indicated.
(10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again
that your office has not received the aforesaid and which can reasonably be
presumed to have been tampered with, and hence, a violation of the federal
statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
Boehner
orders GOP to fall in line on debt As investors grow increasingly anxious,
House Republican leaders deliver a tongue-lashing to their most conservative
lawmakers and cast Thursday’s roll call as nothing less than a vote of
confidence in their stewardship of the chamber. (Washington Post) [ Mais oui,
mon fuhrer! Vote
on Boehner bill delayed after analysis Washington barreled closer to crisis
as House Speaker Boehner and Senate Majority Leader Reid scrambled to build
support for rival plans to control the national debt, but both appeared doomed
without significant modifications. (Washington Post) [ Psychoanalysis? Oh, yeah
… that other kind of analysis, that deals with numbers and things and logic.
Okay … sounds like a plan … or, at least planning to have a plan. But let’s not
dismiss psychoanalysis so quickly either. After all, they are americans … after
all; and particularly, D.C. Washingtonian americans at that ( I did a brief
paper on psychoanalysis / psychoanalytic method http://albertpeia.com/psychoanalyticmethod82309.htm which is a compelling subject). Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington Post) [ Well,
it’s that darn teleprompter. Yeah, Mr. Teleprompter really craves that prime time
face time; you know, so close to the elections. ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that wobama’s
got a boehner … so not to be so hard on them; if pelosi says it, it must be
true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look
pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on
debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means
like Greecey PIIGS they’ll be back to the trough for more … slop … py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ Moody's
puts U.S. ratings on review for downgrade Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless one
expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
The Plum Line : McCain erupts: Conservatives are lying
to America Talk
about lies and liars, mccain’s been a total fabrication, since Vietnam
particularly. Keating 5 mcCain’s a total fraud (wealthy by that meyer lansky
crowd, he still collects social security, and takes those congressional raises
he votes for). He is, and always has been, a pathetic loser; which, if you look
around you, the nation is inundated with today! … Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo
| John McCain worked overtime to make sure Vietnam POWs never came home. I
think the even bigger story vis-ŕ-vis mccain is: http://www.albertpeia.com/heroenot.htm
‘Did you know that that so-called "american heroe" john mccain was
referred to by his fellow pows in Vietnam as something akin to the
"songbird" inasmuch as he was constantly "singing" to his
Viet-Cong captors to curry favor and better treatment? This has been documented
with authority by Colonel David Hackworth. The same violates military
code/protocol (other soldiers have been court-martialed for far less) click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up scenario, compromizing the false facade
of far less than a heroe, is exactly what a criminal (lie of a) nation as
america loves and encourages (get everyone's hands dirty so no-one dares to
rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the
(corrupt, propagandized) line", become a criminal, or be exposed,
prosecuted, and/or ruined; and, hasn't anyone asked how "wall street"
has been "spared the spotlight" (and even was accorded protective
legislation from their criminal culpability) and focus of inquiry, attention,
and prosecution despite being the primary beneficiaries financial and otherwise
of these scams (you know the wall street motto, "churn and earn";
huge conflicts of interest if not outright fraud)…’…Oh and they so can afford
it Deficit
panel proposes huge cuts (Washington Post) [ Cuts? (This is from 2010 coupled with the same foregoing prior
post) I heard the corrupt, incompetent lawmakers were giving themselves a raise.
They actually deserve at least a 10% paycut and abolition of those lifetime
appointments / permanent corrupt bureaucracies. Nothing succeeds like failure
and crime in pervasively corrupt, defacto bankrupt america! ] Lawmakers propose
curbs on Social Security, cuts in spending and tax hikes if long-term goals
aren't met. ]
Obama
tries to reassure his base
(Washington Post) [ Base? What base? Oh, riiiiight … silly me … that
ethnic thing … you’re talking about baseball … base on balls … as in walk … as
in take a walk, take a hike, etc.. If
election held today, Obama would lose in ‘landslide’ National Journal |
Those polls are even more ominous for the president. Drudgreport: Obama Economists Admit:
'Stimulus' Cost $278,000 per Job...
GALLUP SHOCK: 'REPUBLICAN'
BEATS OBAMA BY 8% APPROVE: 42% Return of Mass Layoffs a Grim
Sign...
Dollar falls to all-time low
against Swiss franc...
GOP REVOLTS
Obama Threatens
Another Veto... Just hours after urging
compromise... Carney Admits Obama Has No
Plan...
OBAMA'S BASE CRUMBLES
CHAOS... CLOCK TICKING... NO PANIC... 6 days from 'default', both
sides scrambling... FURY OVER STALEMATE BOILS
OVER...
House Dem leader
urges Obama to raise debt ceiling without Congressional approval...
SHOCK POLL: 46% Think Most in
Congress Corrupt... WASHPOST/ABC: Blacks,
liberals flee in droves... SANDERS: Obama should face
primary challenger...
The Immelt Way: WH Advisor on
Jobs Moving GE X-Ray Business to China... OBAMA SECRETLY
SIGNALS BANKS: 'NO DEFAULT'... WH to FOXNEWS: 'Tell your
viewers there's nothing to worry about'...
A
party of scorpions The GOP refuses
to be rational in debt talks. (Washington Post) [ I am truly non-partisan. That
said, to ascribe irrationality to one party relative to the other is at best
disingenuous and intellectually dishonest, and at worst, a blatant falsehood
more commonly known as a lie. After all, we are talking about an
insurmountable, unsustainable debtload the likes of which, even if adjusted for
inflation, has never been seen on this planet. A
center vs. right debt fight Obama talks to the middle while Boehner rallies
the right. (Washington Post) [ Oh come on! There’s no justifying woboma here as
some principled, reasonable partisan moving gently to the middle for the sake
of the deal. Rather, he’s the desperate, failed ‘pol’ who’s hearing footsteps
in 2012; who’s told one lie too many ; who’s made the wrong choice one time too
many. People are tired of his b*** s*** and excuses. He’s failed miserably and
yet had the easiest act in the world to follow in the persona of fellow failed
president war criminal dumbya bush whose failed policies up to the real start
of the election cycle he’s largely followed. He’s become the personification of
that age-old joke; viz., (punchline) ‘looks like s***, smells like s***, tastes
like s*** … ‘good thing we didn’t step in it!’ Well, guess what? With ‘wobama
the b’ (for b***s***), we ‘stepped in it’. He’s all that … bad! Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the nation)
has as now become insurmountable and hence, unsolvable. That’s where we’re at
now! .
Top
3 Reasons Markets Were Down on More Debt Ceiling Fears Wall St. Cheat
Sheet July
27, 2011, ‘
On the
commodities front, Oil fell to $97.34. Precious metals also fell, with Gold
down to $1,615.80 an ounce and Silver falling 0.86% to $40.35 an ounce.
Don’t
Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling .
Today’s
markets were down because:
1) Debt
ceiling. Probably the two dirtiest words in the American vocabulary today.
President Obama and members of Congress have been working for months on a
budget deal that both the Republican-led House and the Democrat-led Senate can
agree upon, to no avail. And neither side would agree to raise the debt ceiling
until a deficit-reduction plan is in place. Unfortunately, every bill proposed
so far has been shot down, and Republicans
are hurriedly working on another that will surely be shot down as well, by
members of both the right and left. Democrat and Senate Majority Leader Harry
Reid’s plan has a chance, with a significant amount of bipartisan support, but
we haven’t seen it yet, and it’s questionable whether the plan will make it
through a House vote. Oh yeah, and did I mention that the U.S. credit rating is
likely to be cut even if a bill is passed in time to raise the debt ceiling?
Apparently Reid’s and Boehner’s plans won’t cut enough to make ratings services
happy.
2 ) Weak
economic data. The Fed released their Beige
Book survey today showing that the economic recovery has severely slowed,
only compounding the depressing effect of news that durable goods orders fell
2.1% in June, which had Dow manufacturers like 3M , United Technologies ,
General Electric , and Caterpillar all trading in the red today.
According to the Fed’s report, consumer spending stagnated with higher fuel
prices taking a bite out of disposable income. The report also predicted little
improvement in jobless figures in the second half of the year.
3) Earnings.
Fortunately not all investors are taking their cues from the government. With
earnings report season in full swing, a few companies have seen shares
skyrocket in the last week on better-than-expected earnings reports. Just a few
of the stocks preventing the markets from completely bottoming out are Boeing
and Amazon
. Dunkin Brands also had a
bright IPO today .
BONUS: See
Why Oil Stocks Are in the Gutter .’
Live
Coverage: Robert Shiller and David Blitzer Break Down the Current Housing
Market Wall St. Cheat Sheet
Your
Cheat Sheet to the History of the U.S. Debt Ceiling Wall St. Cheat
Sheet July 26, 2011, ‘ We can all thank
President Richard Nixon for current debates over the national budget and the
debt ceiling . In 1973, the debt ceiling was $465 billion, and debt was set to
hit that level in the summer. In order to prevent the government from reaching
its debt ceiling, Nixon took it upon himself to “impound” $3.4 billion in
Congressionally appropriated funds. During that exertion of his executive power
in a situation that should have been left to the legislative branch, he paved
the way for the Congressional Budget and Impoundment Control Act of 1974 ,
which established the Congressional budget process we have today and created
the Congressional Budget Office in order to limit the president’s power in the
future.
Of course, the
history of the debt ceiling dates back much further, to 1917 and the beginning
of U.S. involvement in World War I, when Congress passed the Second Liberty Bond Act in order to raise funds to pay for
the war. Since the act implemented the debt ceiling into law, it has been
increased 77 times, surprisingly common considering the heated debate in
Congress and their inability to make a decision to increase the debt ceiling
until they agree on significant budget cuts. In fact, the debt ceiling has
already been increase three times during Obama’s presidency, twice in 2009 and
once in 2010 when both the House and Senate were led by Democrats.
Don’t Miss: 9
Investments to Hedge Against a US Debt Default .
During
President George W. Bush’s two terms in office, the debt ceiling was raised 7
times, the first time by a Republican-led House and a Democrat-led Senate in June
2002, the second with a Republican majority in both houses less than a year
later, and the final time by a Democratic majority in both houses in November
2008. During Bush’s tenure, the debt ceiling was increased from $5.95 trillion
to $11.315 trillion.
Historically,
both Republican and Democratic leaders have witnessed significant increases to
the debt ceiling during their tenure, with lawmakers in both parties coming
together to make decisions. During President Clinton’s eight years in office,
the debt ceiling was raised four times, from $4.145 trillion to $5.95 trillion,
an increase of 43.5%, while the debt ceiling was raised a total of 17 times
during President Reagan’s two terms, tripling from $935.1 billion to $2.8
trillion. Even George H.W. Bush saw the ceiling increased four times during his
single term in office. Not including the current administration, 16 presidents
have served a total of 23 terms in office since the Second Liberty Bond Act was
passed. In that time, the debt ceiling was raised 74 times, averaging 3.22
increases per term — nearly once a year.
In that time,
the closest the government ever came to default was a last minute deal in 1979.
Though the deal was finalized in time, computer malfunctions led to $122
million in Treasury payments being delayed, technically amounting to temporary
default and thus permanently increasing interest rates by 0.6%, resulting in
$12 billion in additional annual debt payments, costing the government roughly
$384 billion to date. We can only imagine the toll a default, even temporary,
could take on today’s economy.
Though
majority leadership in both the House and Senate was continually fluctuating,
with divisions within and between Houses, between the legislative and executive
branches, members of each party, no matter how they were divided or which group
was in control, managed to increase the debt ceiling, while avoiding default, a
grand total of 77 times to date.’
Minyanville's
T3 Daily Recap: Market Rocked as Debt Fears Grow at Minyanville
Worst
Day in Two Months Wipes Out Dow's July Gains at The Wall Street
Journal
F-22
Pilots Found With Anti-Freeze, Propane in Bloodstream, Fleet Grounded at
Minyanville ‘…According to the Air Force Times , blood tests of
F-22 pilots showed a host of chemicals, including anti-freeze, propane and
burned polyalphaolefin, a synthetic oil, after flights where they reported
experiencing cognitive problems. These toxins, along with carbon monoxide, may
be causing hypoxia, which is a lack of oxygen. Hypoxia can cause reduced brain
function and memory loss. F-22 pilots reported being unable to remember how to
change radio frequencies and scraping treetops when approaching the runway. In
November 2010, an F-22 crashed in Alaska and the pilot, Capt. Jeffrey
Haney, was killed. Sources told the Air Force Times that in his final
radio calls he sounded drunk, a symptom of hypoxia… There is a lot of nasty
stuff getting pumped into the pilots’ bloodstream through what they’re
breathing from that OBOGS [On-Board Oxygen Generation System] …The source, who
requested anonymity "for fear of retribution," continued: "These guys are getting tested for toxins and
they’ve [gotten] toxins out of their bloodstreams. One of the guys was
expelling propane."In the meantime, Air Force officials say that
"some test pilots at the base are flying their jets under a special waiver
granted to them to test an unrelated software upgrade."The operational
fleet, however, remains grounded, the Air Force Times ' Majumdar writes,
"with pilots and ground crews practicing in simulators as much as they
can."But, he explains that "is not a real solution because the pilots
won’t be able to maintain currency."As another former F-22 pilot pointed
out, “After 210 days, they’ve got to start retraining everybody."At $350
million per plane (and $44,000/hr to operate), you'd think this sort of
thing would be covered under warranty.’
The 400 Richest Americans
Pay An 18% Tax Rate
Dick Bové: You Should Be Pissing Your Pants In Fear And Planning On
Staying Wet http://www.albertpeia.com/knownunknown.png Bess Levin ‘She recommends “suspending
investing since all stocks are likely to fall now,” getting liquid, and finding
a “safe haven” where you can draw the blinds and lay low until things blow
over.’
This
Time The Debt Ceiling Hike Really Is Different Zero Hedge| Never before has
the ratio of the proposed debt ceiling to the tax receipt ratio been as high as
it is now.
Sen. Paul
Speaks Out Against Boehner’s Bill Fox News| Paul discusses why he’s not in
support of Rep. John Boehner’s debt limit bill.
Down
To The Wire: Wednesday’s Congressional Vote On Boehner Plan Delayed Until
Thursday Tyler Durden | When describing the Boehner’s plan as perceived by
the CBO we used one key word: “laughable”.
Obama
“Will Not Take Yes For An Answer” On Debt Ceiling Debate Washington’s Blog
| House Speaker John Boehner says … “Unfortunately, the president would not
take yes for an answer,”
U.S.
markets stay calm amid debate Investors are getting antsy without a deal in
Washington, but the markets are not in freak-out mode. (Washington Post) [ Ah,
riiiiight! ‘Cool as cucumbers’ they are. Well, they still got the high
frequency, high volume, lightning speed computer manipulated churn-and-earn
going for them, on the way down as well; but, not alls well. There’ll certainly
be less in the way of funds for them to suck dry through various machinations
which obfuscate and literally hide their already crashed scam. A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Check out
this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Previous: (Washington Post)
[ Yes … this sounds like a job for … Rosanne Rosanna Danna formerly of SNL fame, to chime in with a
reminder as her mama always used to say, ‘it’s always something’ … but
unfortunately, that somethin’ is not necessarily what they say it is. (from
2010) Reality is that the u.s. market needs no help from Asia or Ireland or
Greece, etc., to fall but here in the states they would love for you to think
that. The fact is that the u.s. market is way over-valued / over-bought,
floating on air and b*** s*** alone in this new bubble as in the last before
the previous crash that the wall street frauds and insiders commission
with high frequency churn-and-earn trade programs and sell into. I mean, forget about valuations,
security analysis, basic economics, etc. …
it’s suddenly, from out of nowhere, Ireland and China jamming on the
breaks … riiiiight! Come on! That dog don’t hunt no more! Lloyd, infra, lists
17 concerns right off the top. The decline certainly was no mystery to
Loundsbury, Roche, Maierhofer, Hussman, etc., infra, among many others.
… Fed Easing Is Not Aimed at
Weakening US Dollar: Dudley [ It doesn’t matter what they say … you can’t believe a word they
say, like no-recession ben shalom bernanke … and, contrary to rhetoric, their
intent was as preceding the last crash was to inflate earnings to froth the
stock market (to create the all too familiar bubble for wall street frauds and
insiders to commission with high frequency churn-and-earn trade programs and
sell into ) by debasing the fiat Weimar dollar currency. ] New York Fed President Bill Dudley, in one
of the first Fed interviews since the central bank’s policy came under attack
at the G20 meetings in Seoul, said critics were “off base” to believe the aim
of the policy is to weaken the U.S. dollar.] U.S. stocks continue recent slide
amid deepening investor anxiety about the global economy. The stock market continued
its recent slide Tuesday amid deepening investor anxiety about the global
economy. Wall Street was worried that Ireland could require a bailout, that
China will jam the brakes on its overheating economy ... Commodities
sink on China, European concerns BusinessWeek Summary Box: Stocks
Sink on Fear of China Slowdown Markets
may be near tipping point U.S. debt default could rock the global economy
at a vulnerable time, with growth already slowing in Asia. (Washington Post) [
‘Tipping point’? ‘May’? Yes, May. You should have sold in May and gone away! The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Previous: Suckers’ rally
into the close off lows based on bad news and b*** s*** alone as previously: Initial
unemployment claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
Data:
Housing market remains weak Home sales and prices are struggling to
recover, creating a drag on the economic recovery. (Washington Post) [ If it
was only just housing creating a drag on the economy. Markets
may be near tipping point U.S. debt default could rock the global economy
at a vulnerable time, with growth already slowing in Asia. (Washington Post) [
‘Tipping point’? ‘May’? Yes, May. You should have sold in May and gone away! The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Suckers’ rally into the close off lows based on bad
news and b*** s*** alone as previously: Initial
unemployment claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with
with an electric typewriter for letter quality)] who could (as he) identify
such novelties as the biggest over-priced / over-valued sensations since the
hoola hoop (which were pretty cheap and with some minor health benefits to
boot).Take this run-up as a gift based on fraudulent wall street b***s*** alone
and take this opportunity to sell / take profits / ‘sell today if you missed in
may and then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ Huge suckers’ rally to keep the suckers suckered in
this market based upon backward looking data discounted multiple times to the
upside (including the apple numbers as recently as last week on ‘leaked’ expectations
of ‘better than expected’, etc.), taxpayer funded QE results, and b***s***
alone. This is an especially great opportunity to sell / take profits since
there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
National / World
If
election held today, Obama would lose in ‘landslide’ National Journal |
Those polls are even more ominous for the president.
TSA Agent Poses As Cop To Harass Woman
NSA Admits It Tracks Americans Via Cell Phones
Americans’ debt rage boils over
Secret Cloning Projects Exposed: Help Us Warn the World TheAlexJonesChannel
| Warn the world that the eugenicists are trying to take over via
genetically-modified clone schemes and more.
BATF Admits “Guns Walked” Under Fast & Furious Infowars.com
| BATF’s William Newell grilled by House Committee on Oversight and Government
Reform.
TSA Agent Poses As Cop To Harass Woman
NSA Admits It Tracks Americans Via Cell Phones
The Political Theater and the Debt Ceiling Crisis: Are We
Being Had?
Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s
‘no-recession-helicopter-ben-b.s.-bernake’ et als and anything that conflicts
with the huge wall street money / paper frauds that continue as we speak of
them. Come on! Does anybody buy any of the b***s*** from him or his ilk.
‘Conflicts are US’ is the prevailing entity / pressure group / reality in
Washington these days and with all the negative, diabolical consequences
therefrom, economically, financially, and otherwise. Geithner
says hard times to continue for many
] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Gallery:
Key players shaping economic policy (Washington Post) [ Is this some kind of a joke? Key players? If
this were a game, those ‘key players’ would certainly be on the other side /
team. I mean, come on! Look at their results! Nothing short of disasterous.
And, in case you hadn’t noticed, ‘this is no game’. Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top
1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Vote
on Boehner bill delayed after analysis Washington barreled closer to crisis
as House Speaker Boehner and Senate Majority Leader Reid scrambled to build
support for rival plans to control the national debt, but both appeared doomed
without significant modifications. (Washington Post) [ Psychoanalysis? Oh, yeah
… that other kind of analysis, that deals with numbers and things and logic.
Okay … sounds like a plan … or, at least planning to have a plan. But let’s not
dismiss psychoanalysis so quickly either. After all, they are americans … after
all; and particularly, D.C. Washingtonian americans at that ( I did a brief
paper on psychoanalysis / psychoanalytic method http://albertpeia.com/psychoanalyticmethod82309.htm which is a compelling subject). Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington Post) [ Well,
it’s that darn teleprompter. Yeah, Mr. Teleprompter really craves that prime
time face time; you know, so close to the elections. ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC.
- BALANCE SHEET …’ Moody's
puts U.S. ratings on review for downgrade Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
Federal
Reserve can’t rescue debacle (Washington Post) [ Are you sure about that?
After all, they’ve certainly been
instrumental in creating this crisis; and for quite some time the fed’s
been admonished for doing exactly that. Here’s a straight shooter from across
the pond who was appalled by what he saw in clinton’s Arkansas / then u.s.
(although his ‘england’ / great britain is worse for wear and has itself
devolved into comparable orwellian and worse madness). ‘The
Kabuki theatre of America’s Debt Ceiling Jul
26th, 2011 by News By
Ambrose Evans-Pritchard (The Telegraph)
http://www.usagold.com/cpmforum —
Calm down. The US will not miss a coupon payment on its $14.3tn debt next
Wednesday.A genuine default would be “Lehman on Steroids” in the words of
Ex-Treasury secretary Larry Summers. Precisely for that reason President Obama
will not pull the trigger, EVEN IF the debt ceiling talks break down in
acrimony. Obama still has a clutch of cards to play, in extremis. [One
example]…the US Treasury could eliminate the Fed’s entire holding of Treasury
bonds at a stroke, gaining an extra two years. This would be a simple
accounting transaction. Ben Bernanke might feel uncomfortable, and gold
might blast to $3,000 , but the Bernanke Fed has proved itself supple.’
Your
Cheat Sheet to the History of the U.S. Debt Ceiling Wall St. Cheat
Sheet July 26, 2011, ‘ We can all thank
President Richard Nixon for current debates over the national budget and the
debt ceiling . In 1973, the debt ceiling was $465 billion, and debt was set to
hit that level in the summer. In order to prevent the government from reaching
its debt ceiling, Nixon took it upon himself to “impound” $3.4 billion in
Congressionally appropriated funds. During that exertion of his executive power
in a situation that should have been left to the legislative branch, he paved
the way for the Congressional Budget and Impoundment Control Act of 1974 ,
which established the Congressional budget process we have today and created
the Congressional Budget Office in order to limit the president’s power in the
future.
Of course, the
history of the debt ceiling dates back much further, to 1917 and the beginning
of U.S. involvement in World War I, when Congress passed the Second Liberty Bond Act in order to raise funds to pay for
the war. Since the act implemented the debt ceiling into law, it has been
increased 77 times, surprisingly common considering the heated debate in
Congress and their inability to make a decision to increase the debt ceiling
until they agree on significant budget cuts. In fact, the debt ceiling has
already been increase three times during Obama’s presidency, twice in 2009 and once
in 2010 when both the House and Senate were led by Democrats.
Don’t Miss: 9
Investments to Hedge Against a US Debt Default .
During
President George W. Bush’s two terms in office, the debt ceiling was raised 7
times, the first time by a Republican-led House and a Democrat-led Senate in
June 2002, the second with a Republican majority in both houses less than a
year later, and the final time by a Democratic majority in both houses in
November 2008. During Bush’s tenure, the debt ceiling was increased from $5.95
trillion to $11.315 trillion.
Historically,
both Republican and Democratic leaders have witnessed significant increases to
the debt ceiling during their tenure, with lawmakers in both parties coming
together to make decisions. During President Clinton’s eight years in office,
the debt ceiling was raised four times, from $4.145 trillion to $5.95 trillion,
an increase of 43.5%, while the debt ceiling was raised a total of 17 times
during President Reagan’s two terms, tripling from $935.1 billion to $2.8
trillion. Even George H.W. Bush saw the ceiling increased four times during his
single term in office. Not including the current administration, 16 presidents
have served a total of 23 terms in office since the Second Liberty Bond Act was
passed. In that time, the debt ceiling was raised 74 times, averaging 3.22
increases per term — nearly once a year.
In that time,
the closest the government ever came to default was a last minute deal in 1979.
Though the deal was finalized in time, computer malfunctions led to $122
million in Treasury payments being delayed, technically amounting to temporary
default and thus permanently increasing interest rates by 0.6%, resulting in
$12 billion in additional annual debt payments, costing the government roughly
$384 billion to date. We can only imagine the toll a default, even temporary,
could take on today’s economy.
Though
majority leadership in both the House and Senate was continually fluctuating,
with divisions within and between Houses, between the legislative and executive
branches, members of each party, no matter how they were divided or which group
was in control, managed to increase the debt ceiling, while avoiding default, a
grand total of 77 times to date.’
‘What
would Jesus cut?’ (Washington Post) [ Don’t bring Jesus into this! After
all, he’d probably already have been nailed to some cross somewhere in this
pro-israel nouveau new world order ‘roman empire’ at the behest of some nwo neo-con
israeli shill.] A
summer camp for atheists [Camp as in camping?]Welcome to Camp Quest, the
freethinkers’ answer to Bible school, where belief means different things. [ I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if
intellectually honest, the position of ‘agnostic’. I can totally understand and
even empathize with the view of the agnostic. After all, at this point, there
seems to be ‘no rhyme nor reason’ at all. But, think binary, positives /
negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s
not going to end in 2012 as some fear. Rather, think slow burn; decades at
best; then ‘poof’. In the scheme of things, this world’s just not that
important (apes,
notochordates, and initially single celled organisms). ] Science
and religion: God didn't make man; man made gods http://discussions.latimes.com/20/lanews/la-oe-thompson-atheism-20110718/10
Among the songs I have chord charts for (courtesy of my guitar instructor), I
know the words to the song. I’m all for peace because it’s rational. ‘No
possessions’, John Lennon didn’t give up one. He even was pro-Reagan
politically. Have you taken a really close look at this world today and what
man’s created, ‘mr. and mrs. pro-science and reason’. You obviously take
delight in speaking about a subject far beyond your own capacity to truly
understand; and then your non-sequitor, unprovable conclusions. Quite simply,
the authors of this article are pathetic and merely seem to be looking
desperately for an audience; a niche where really profound truth gives way as
does form over substance. Once again, you are pathetic! Harold
Camping reaffirms October date for the end of the world, says May 21 date was
'invisible judgment day' (The Washington Post) [ I comment here not owing
to the importance of the latest ‘prediction’ by camping who’s probably ‘been
camping’ too long in the nether reaches of the atmosphere (affects the brain,
‘neural firing’ in a negative fashion); but to allay public concerns, and
particularly for those suffering from generalized anxiety disorder, to subtract
one life circumstance from their unrealistic worry; and, because I had
previously commented as set forth infra. No! The world will not be ending on
October 21, 2011 or any other date as set forth by camping. Indeed, God needs
no mathematics, formulae, or codes to surreptitiously convey the end; his hand
ultimately unmistakably known to all. You’ll know it when you see it. As for
camping, let’s play umpires and predict the future; strike three, he’s out. Harold
Camping: the heart of the doomsday frenzy
(Los Angeles Times) The last-minute
rapture reading list (Los Angeles Times) [Drudgereport: Preacher made same prediction
in 1994... Doomsday church thriving,
worth $72 million... [Previous: ‘End
of Days’ message rolls into D.C.
(Washington Post) The
potentially rotten news that the world will end on May 21 arrived plastered on
a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan
calendar, Nostradamus thing … I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if intellectually
honest, the position of ‘agnostic’. I can totally understand and even empathize
with the view of the agnostic. After all, at this point, there seems to be ‘no
rhyme nor reason’ at all. But, think binary, positives / negatives. Just too
many negatives. Think ‘capital punishment’. No, the world’s not going to end in
2012 as some fear. Rather, think slow burn; decades at best; then ‘poof’. In
the scheme of things, this world’s just not that important (apes,
notochordates, and initially single celled organisms). ]
A
party of scorpions The GOP refuses
to be rational in debt talks. (Washington Post) [ I am truly non-partisan. That
said, to ascribe irrationality to one party relative to the other is at best
disingenuous and intellectually dishonest, and at worst, a blatant falsehood
more commonly known as a lie. After all, we are talking about an
insurmountable, unsustainable debtload the likes of which, even if adjusted for
inflation, has never been seen on this planet. A
center vs. right debt fight Obama talks to the middle while Boehner rallies
the right. (Washington Post) [ Oh come on! There’s no justifying woboma here as
some principled, reasonable partisan moving gently to the middle for the sake
of the deal. Rather, he’s the desperate, failed ‘pol’ who’s hearing footsteps
in 2012; who’s told one lie too many ; who’s made the wrong choice one time too
many. People are tired of his b*** s*** and excuses. He’s failed miserably and
yet had the easiest act in the world to follow in the persona of fellow failed
president war criminal dumbya bush whose failed policies up to the real start
of the election cycle he’s largely followed. He’s become the personification of
that age-old joke; viz., (punchline) ‘looks like s***, smells like s***, tastes
like s*** … ‘good thing we didn’t step in it!’ Well, guess what? With ‘wobama
the b’ (for b***s***), we ‘stepped in it’. He’s all that … bad! Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the nation)
has as now become insurmountable and hence, unsolvable. That’s where we’re at
now! . Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been
so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA INC. - INCOME STATEMENT If the United States was a
corporation - USA Inc. - here's what the Income Statement would look like:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. … USA
INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not
want to look at the Balance Sheet. Consensus estimates for unfunded obligations
vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross
estimates the unreported debt to be $75 trillion, while other estimates exceed
$100 trillion (these amounts are insurmountable) …’ IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.The doctors (IMF,
European finance ministers, the ECB, etc.) are running around trying to save
it. Open heart surgery (loans guaranteed by others) has averted the immediate
crisis, but Greece is just as overweight today as it was before the crisis.
Attempts to lose weight through exercise (austerity measures) cause serious
chest pains (riots). The doctors don’t want to admit it, but all signs point to
a heart transplant (default) as the only way to get Greece onto its feet again.Greece
isn’t the only one. It is a veritable epidemic. Ireland, Italy, Portugal, Spain
and a host of other countries are having chest pains. Iceland is feeling better
now with its freshly transplanted heart. The American home owner is still in
the hospital from his financial heart attack after gobbling up vast quantities
of real estate, and it has been many decades since Uncle Sam last could see his
toes. By most accounts (e.g. here
or Bill
Gross ‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP…’ Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed
pilots who were frustrated at the poor responsiveness of the plane’s controls,
arguing about their next step, and getting no help whatsoever from the
operator’s manuals. So it is unsettling that policymakers in many Western
economies today resemble the second group of pilots. This perception reflects
not only the contradictory pronouncements and behavior of policymakers, but
also the extent to which economic outcomes have consistently fallen short of
their expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’
Will:
Obama is the debt problem (Washington Post) [ If ‘wobama the b’ (for b***s***) was only the
debt problem, there’d be some hope. But alas, Mr. Perma War, Mr. No Pros Wall
Street, Mr. Teleprompter, and more all rolled into one, it’s difficult now to
see where one wobama-induced (by failing to heed his own campaign promises upon
which he was elected) problem ends and another begins. Indeed, an amorphous
amalgamation of problematic scenarios that defy, based on his/their own own
lack of perspective/knowledge, their ability to identify the problems much less
solve them. America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
US
Equities Forecast and the Anticipated Path of the Market at
Minyanville Peter Prudden
July 25, 2011 The market continues to pull back on global macro problems, and
conversely, trade higher on short-term debt solutions, robust Q2 earnings, and
recent improving economic data.In
early May my thesis on the market was setting up for a significant market
crash, based upon an unsustainable bid occurring in equities. The damage
manifesting under the hood was indicative of such a crash comparable to 1987;
one that would result in testing the March 2009 lows. Since that time, the
market has undergone a consolidation process through time rather than a
function of lower prices consumer
credit http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/ppr7251b.jpg … ’
Live
Coverage: Robert Shiller and David Blitzer Break Down the Current Housing
Market Wall St. Cheat Sheet
Your
Cheat Sheet to the History of the U.S. Debt Ceiling Wall St. Cheat
Sheet July 26, 2011, ‘ We can all thank
President Richard Nixon for current debates over the national budget and the
debt ceiling . In 1973, the debt ceiling was $465 billion, and debt was set to
hit that level in the summer. In order to prevent the government from reaching
its debt ceiling, Nixon took it upon himself to “impound” $3.4 billion in
Congressionally appropriated funds. During that exertion of his executive power
in a situation that should have been left to the legislative branch, he paved
the way for the Congressional Budget and Impoundment Control Act of 1974 ,
which established the Congressional budget process we have today and created
the Congressional Budget Office in order to limit the president’s power in the
future.
Of course, the
history of the debt ceiling dates back much further, to 1917 and the beginning
of U.S. involvement in World War I, when Congress passed the Second Liberty Bond Act in order to raise funds to pay for
the war. Since the act implemented the debt ceiling into law, it has been increased
77 times, surprisingly common considering the heated debate in Congress and
their inability to make a decision to increase the debt ceiling until they
agree on significant budget cuts. In fact, the debt ceiling has already been
increase three times during Obama’s presidency, twice in 2009 and once in 2010
when both the House and Senate were led by Democrats.
Don’t Miss: 9
Investments to Hedge Against a US Debt Default .
During
President George W. Bush’s two terms in office, the debt ceiling was raised 7
times, the first time by a Republican-led House and a Democrat-led Senate in
June 2002, the second with a Republican majority in both houses less than a
year later, and the final time by a Democratic majority in both houses in
November 2008. During Bush’s tenure, the debt ceiling was increased from $5.95
trillion to $11.315 trillion.
Historically,
both Republican and Democratic leaders have witnessed significant increases to
the debt ceiling during their tenure, with lawmakers in both parties coming
together to make decisions. During President Clinton’s eight years in office,
the debt ceiling was raised four times, from $4.145 trillion to $5.95 trillion,
an increase of 43.5%, while the debt ceiling was raised a total of 17 times
during President Reagan’s two terms, tripling from $935.1 billion to $2.8
trillion. Even George H.W. Bush saw the ceiling increased four times during his
single term in office. Not including the current administration, 16 presidents
have served a total of 23 terms in office since the Second Liberty Bond Act was
passed. In that time, the debt ceiling was raised 74 times, averaging 3.22
increases per term — nearly once a year.
In that time,
the closest the government ever came to default was a last minute deal in 1979.
Though the deal was finalized in time, computer malfunctions led to $122
million in Treasury payments being delayed, technically amounting to temporary
default and thus permanently increasing interest rates by 0.6%, resulting in
$12 billion in additional annual debt payments, costing the government roughly
$384 billion to date. We can only imagine the toll a default, even temporary,
could take on today’s economy.
Though
majority leadership in both the House and Senate was continually fluctuating,
with divisions within and between Houses, between the legislative and executive
branches, members of each party, no matter how they were divided or which group
was in control, managed to increase the debt ceiling, while avoiding default, a
grand total of 77 times to date.’
Soros
Exits And Takes A Cheap Shot At Regulators at Forbes George
Soros Retires From Hedge Fund Management
Top 3 Reasons Markets Were Down After Obama and Boehner Showdown
Wall St. Cheat Sheet July 26, 2011, ‘Markets closed down on Wall Street today: Dow -0.72%
, S&P -0.40% , Nasdaq -0.10% , Oil +0.27% , Gold +0.49 %.
On the
commodities front, Oil climbed to $99.47. Precious metals also gained, with
Gold up to $1,622.30 an ounce and Silver climbing 1.50% to $40.97 an ounce.
Don’t
Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling .
Today’s
markets were down because:
1)
Obama/Boehner . Last week they were working together and everyone was confident
that a budget deal was on its way, but when House Speaker Boehner walked out on
talks on Friday, that no longer looked to be the case. Then last night, Obama
addressed the nation, re-affirming his intention to veto any deal that didn’t
include both tax revenue and spending cuts. Following his address, Boehner
spoke, criticizing Obama’s inability to compromise while himself refusing
to compromise with the president. The Treasury’s deadline is now only 7 days
away, and there isn’t even a complete bill currently before the House or
Senate, and yet investors aren’t panicking. Markets are down, but not as much
as would be expected if the economy was about to be dealt as huge a blow as
would be a government default on the debt . Whether it’s because people don’t
understand just what a default could mean for the economy, or because they are
confident their lawmakers will come to a resolution in time, investors aren’t
running scared. The current state of budget talks may be preventing markets
from climbing excessively, but they don’t seem to be depressing them much
either.
2) Earnings.
Were it not for the weight of the debt ceiling, today’s markets may have been
fared better. With 75% of S&P 500 companies beating earnings expectations
in their latest quarters, this earnings season has been overwhelmingly
positive, and points to increased spending that, if given the chance, could
stimulate the economy into the recovery we’ve been waiting on. A lot of the the
biggest earners during the latest quarter were tech companies, including
Chinese Internet search company Baidu
with second quarter earnings climbing 95% over a year earlier, and Apple
reported net income twice that of the previous year.
3) New home
sales. For the second month in a row, new home sales slipped in June, with the
Census Bureau reporting an annual sales rate of 312,ooo new homes last month,
down from 315,000 in May. That’s bad news for the housing market considering
this time of year usually sees increasing sales. However, June sales were still
up 1.6% over last year, so like most of our economic news of late, it’s effect
on the markets hasn’t been wholly negative or positive. And Case-Shiller
said housing prices actually rose month over month ’ (but this is a seasonal
thing which was not adjusted as such).
10 Jobs With High Depression Rates
(for the criminally insane frauds on wall street that's literally and
figuratively speaking!)
Recovery
Job Growth Concentrated In Low-Paying Occupations Huffington Post
| Workers navigating the current labor market are facing a “significant good
jobs deficit.”
A lesson from Greece UPI
| Economists seem not so surprised Moody’s Investor’s Service downgraded Greek
bonds.
Geithner
gave Fed official waiver on AIG holdings Reuters |
Geithner waiver allowed William Dudley to hold investments in firms getting
emergency help.
Goldman Launches The SS
QE3 Tyler Durden | Oh well, the recovery was fun while it
lasted.
HuffPo-AOL
Admits We’re in a Depression… Sorta Kurt Nimmo | Few are
calling it what it is — a Greater Depression engineered by the Federal Reserve.
Debt
Ceiling Intransigence: Unintended Consequences… Dr. Paul Craig Roberts |
Which party is responsible for intransigence on raising the debt ceiling?
Republicans say the Democrats are, and Democrats say the Republicans are.
IMF
chief urges U.S. to immediately resolve debt spat Reuters | IMF chief
Christine Lagarde on Tuesday urged the United States to quickly resolve a
political stalemate over raising the debt ceiling.
The
Federal Reserve ADMITS that Its 12 Banks Are PRIVATE – Not Government –
Entities Washintong’s Blog | Much of the tens of trillions
in bailout money and “easy” money from quantitative easing went to foreign banks.
Americans
increasingly unhappy with Washington’s effort on jobs, poll finds More
Americans are unhappy with how both President Obama and congressional
Republicans have handled the economy.
(Washington Post) [ Duh! Ya think? Unemployment
up in 28 states in June The rate for the District surpassed the national
rate, up to 10.4 percent (Washington Post) [ Well there you go say the
bernanken wobomanoids! Great news in that there’s no reported change in 22
other states (yet). Yeah! Happy days are here again! The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Initial
unemployment claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with an
electric typewriter for letter quality)] who could (as he) identify such
novelties as the biggest over-priced / over-valued sensations since the hoola
hoop (which were pretty cheap and with some minor health benefits to boot).Take
this run-up as a gift based on fraudulent wall street b***s*** alone and take
this opportunity to sell / take profits / ‘sell today if you missed in may and
then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ Huge
suckers’ rally to keep the suckers suckered in this market based upon backward
looking data discounted multiple times to the upside (including the apple
numbers as recently as last week on ‘leaked’ expectations of ‘better than
expected’, etc.), taxpayer funded QE results, and b***s*** alone. This is an
especially great opportunity to sell / take profits since there’s much, much worse
to come! IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t already
know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Check out this
inflation calculator: http://www.albertpeia.com/inflationcalculator.htm The Economic Collapse ‘The following are 15 examples that show many
Americans have become so desperate that they will do just about anything for
money….
#1 In Utah, one unemployed 28 year old man is offering
to be “human prey” for hunters for the bargain price
of $10,000 . For an additional $2,000, he will let people hunt him
down while he is running around naked.
#2 The Huffington Post is
reporting that there has been an epidemic of air conditioning thefts all
over the United States….
Across the
country, in states like Illinois, Texas, Arizona, Georgia and Florida, there
have been reports of thieves stealing unsecured air conditioning units weighing
as much as 125 pounds.
#3
In Corpus Christi, Texas thieves have actually been breaking into funeral
homes in order to steal
the embalming fluid .
#4 Even police officers are committing desperate acts
these days. Just check out what one police officer in Chicago is charged with doing ….
A Chicago
Police officer stole $50,000 from his ailing elderly father to pay off his
bills and gambling debts and unsuccessfully attempted to swipe his dad’s
retirement savings by impersonating him
#5
Nothing is off limits to thieves these days. Criminals recently broke
into a southwest Atlanta beauty supply store and took
off with $30,000 in hair extensions .
#6
In another area of Atlanta ,
thieves have been breaking down walls and busting bathroom fixtures with
sledgehammers in order to get their hands on copper, brass and steel….
Kids in two
Atlanta communities won’t have their neighborhood pools to help beat the summer
heat, at least for now. Thieves used what is believed to be sledge hammers to
bust walls and break fixtures in bathrooms at Adams and South Bend parks to
steal copper, brass and steel.
#7
One grandmother in Florida has been accused of trying to sell her newborn
grandson for $75,000 .
#8
In Antioch, California a total of approximately 300 power poles were recently
knocked down by thieves and stripped of their copper wiring.
#9 In Minnesota recently, a mob of teen girls brutally
pummeled a mother and her two daughters until they were black
and blue . Apparently the mob of teen girls was enraged over a pair of
missing sunglasses.
#10 In Asheville, North Carolina thieves recently took
off with 4 metal tables and
16 metal chairs that were sitting outside a pizzeria.
#11 In Florida, thieves have actually been
stealing storm drain covers .
#12 In Oregon, thieves recently broke into a Salvation
Army community center and stole 3 large air conditioning units .
Now all the people that come to that facility for help and for community
programs this summer will be absolutely sweltering.
#13 In the Cleveland area, two young boys that had set
up a lemonade standwere robbed in broad
daylight . The crooks got away with approximately 12 dollars.
#14 In Oklahoma, thieves recently broke into a church
and stole “arts
and crafts supplies meant to help teach bible stories to children “.
#15 A 59 year old man from North Carolina named Richard
James Verone was so desperate for money that he actually robbed a bank and got caught on
purpose so that he could be put in prison and be given free health care.
Markets
may be near tipping point U.S. debt default could rock the global economy
at a vulnerable time, with growth already slowing in Asia. (Washington Post) [
‘Tipping point’? ‘May’? Yes, May. You should have sold in May and gone away! The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Previous: Suckers’ rally
into the close off lows based on bad news and b*** s*** alone as previously: Initial
unemployment claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
National / World
Obama Secretly Tells Banks: We’re Not Defaulting
EU Exploits Norway Massacre to Stifle Dissent Paul
Joseph Watson | European Union to launch “extremist” early warning
system, despite the fact that EU treats legitimate criticism of its own
institution as “extremism”.
TSA Reminds Us All Who The Real Terrorists Are
Former Ambassador Links Tea Party to Norway Killer
New polls confirm Obama’s Democratic base crumbles
Issa: Obama admin intimidating witnesses in ATF gun probe
Guns from U.S. sting at Mexican crime scenes: report
Mutilated
pro-Gaddafi soldiers found dead in rebel-controlled area: report RT
| A mass-grave of alleged pro-Gaddafi soldiers has been discovered in a
rebel-controlled area in Libya
Man
Who Knew Anders Behring Breivik Says He Was Brainwashed RT
| Ulav Andersson, who knows and worked with Breivik, says he may have been
brainwashed.
Europol to
Investigate Non-Islamic Terror Kurt Nimmo | EU agency to
investigate so-called right-wing, although more violence comes from the left.
The Worst Run State in
America? Not California [California’s #2] Oct. 8
2010 ‘Kentucky is worst run state in the nation. The best financially managed
state? Wyoming. And which state has the highest percentage of people living
below the poverty line? Arkansas.
These are just
some of the findings from 24/7
Wall Street’s comprehensive study of states’ financial management. The
rankings were based on a number of metrics including unemployment rate, debt
per capita, home price change between 2006 and 2009 and median household
income.
The study also
found that Delaware (home to many financial services companies) has the
best credit rating in the country. California has the worst credit rating (no
shocker there.) And Texas is home to the lowest percentage of high school
graduates over age 25. Meanwhile, South Carolina and Nevada see the most
violent crime than any other state in the country. (Unfortunately for those
folks in Nevada the state has one of the highest percentages of people without
health insurance.)
24/7 Wall
Street comes to this conclusion about its rankings: “Well-run states have a
great deal in common with well-run corporations. Books are kept balanced.
Investment is prudent. Debt is sustainable. Innovation is prized. Workers are
well-chosen and well-trained. Executives are picked based on merit and not
‘politics.’”
Check out the
list for a few surprises like California coming in as a runner-up for the worst
run state in the country. Thanks to Kentucky’s overall terrible performance,
Governor Schwarzenegger can sleep well knowing someone else is doing a worse
job.
Kentucky’s
troubles include having one of the lowest GDP per capita, it ranks 47th in
median household income, and it’s ranked 49th for having one of the highest
percentages (18.6%) of people below the poverty line. I wonder what the Tea
Party’s favorite Kentucky candidate Rand Paul would say about this.’
Tiger death in Indonesia blamed on paper firm [ indonesia, as
well as india are going to suffer for their recent killing of those big cats! REPORT:
Mountain Lion Killed in CT Came From SD... ]
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of government cover-ups,
notably by even the DOJ. You’ll recognize some familiar names (ie., Alito,
Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some
familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t
ops, bribes, etc.). [Did you know this about the following ATF Agents who were
probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan &
Conway LeBleu: Died February 28, 1993 by gunfire at
Waco. All four were examined by a pathologist and died from identical wounds to
the left temple. All four had been body guards for Bill Clinton, three while
campaigning for President and when he was Governor of Arkansas.They also were
the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar) .
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5 pages)
[ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter?
– and no, there is no Chinese wall of separation – Andrew Maloney’s the one
that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District
of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being inept [ I looked in on the one mob case he had brought,
bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met
outside of court the judge Ackerman through a client) was absolute bedlam
and a total joke since incompetent corrupt Alito brought in all 20 mob
defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of the
federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington Post) [ Well,
it’s that darn teleprompter. Yeah, Mr. Teleprompter really craves that prime
time face tame; you know, so close to the elections. ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it must
be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look
pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on
debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means
like Greecey PIIGS they’ll be back to the trough for more … slop … py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ Moody's
puts U.S. ratings on review for downgrade Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Political
ends, but little more THE TAKE | By
the time they finished, it was clear why Republicans and Democrats are no
closer to a deal. (Washington Post) [ Political ends? How ‘bout pervasively
corrupt, defacto bankrupt america ends; at least as we knew it! That’s reality!
‘The Take’? Yeah, they’re all on the take!
‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ Moody's
puts U.S. ratings on review for downgrade Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). A
corporate quandary: Who to bribe? U.S. companies doing deals abroad have a
problem: One guy’s bribe is another’s cost of doing business. (Washington Post) [ Deals abroad? Come on! Wake up! One way or
another, domestic or foreign, in one form or another, bribes are being paid as
standard operating procedure, modus operandi, in, to, and by pervasively
corrupt, defacto bankrupt america and assigns. That’s just the way it is,
however unfortunate; and, in circumstances when you’d least expect it. . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s
‘no-recession-helicopter-ben-b.s.-bernake’ et als and anything that conflicts
with the huge wall street money / paper frauds that continue as we speak of
them. Come on! Does anybody buy any of the b***s*** from him or his ilk.
‘Conflicts are US’ is the prevailing entity / pressure group / reality in
Washington these days and with all the negative, diabolical consequences
therefrom, economically, financially, and otherwise. Geithner
says hard times to continue for many
] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500. Will the phase II be as bad as
the 2008 crisis? The last crisis was confined to the private sector, i.e.
financial institutions. The next one will be involve the threatened default of
entire countries. The last time, the central banks bailed out the financial
firms and even Warren Buffett bailed out several firms. Who is big enough to
bail out entire countries? Or will the term of “too big to fail” turn to “too
big to bail?”
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have been very volatile this year, but also
range bound. A picture speaks a thousand words so all one needs to do is
view the chart below of the S&P 500 Index to understand just how volatile
and range bound things have been. Specifically, since February 20, 2007,
only nine and one half months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up
11.26%, down 10.09%, and now up 7.73% – through 12/10/07 – so far in
this latest up leg! All this in ONLY nine and one half
months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is
repeating itself so far in 2011, which has been fraught with ups and downs in
both international and domestic equity markets. This is due to many
things, including the considerable economic doubts and various countries debt
situations. This uncertainty has translated into market performance with direct
impacts on portfolio returns and more prominently in portfolio volatility. This
volatility is best seen in the chart below of the S&P 500 Index beginning
1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended
positivity and the momentum carried into the first two months of 2011 however
the end of February began a series of events that led market returns on a
whipsaw ride of ups and downs, resulting in the current universal mid-year
views of market uncertainty.
What news was
associated with this volatility? All the usual; crude oil prices, natural
disasters, corporate earnings, politics, economic forecast revisions for both
developed and emerging markets, the European debt situation, the United States
debt situation and more to name just a few.
One thing is
for certain; the current volatile, range bound market activity is difficult at
best to profit from. In this investing environment patience is the most
important attribute. I will be patient and will be careful until the
trends are preferable.
Our strategy
at Hanlon Investment Management is to attempt to minimize downside risk by
exiting risk asset classes, such as equities, during periods of uncertainty,
getting invested in more conservative asset classes, such as money markets and
short-term bonds, and re-entering into risky asset classes when we identify
them as attractive, when the trend is our friend and positive!
Having
identified this volatility, in June we made defensive, tactical investment
decisions that provide less exposure to these volatile, range bound markets and
prepare us to re-enter the markets when they possess improved risk
characteristics.’
Though having but 5% of the world’s population, the u.s. has 76%
of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
A
center vs. right debt fight Obama talks to the middle while Boehner rallies
the right. (Washington Post) [ Oh come on! There’s no justifying woboma here as
some principled, reasonable partisan moving gently to the middle for the sake
of the deal. Rather, he’s the desperate, failed ‘pol’ who’s hearing footsteps
in 2012; who’s told one lie too many ; who’s made the wrong choice one time too
many. People are tired of his b*** s*** and excuses. He’s failed miserably and
yet had the easiest act in the world to follow in the persona of fellow failed
president war criminal dumbya bush whose failed policies up to the real start
of the election cycle he’s largely followed. He’s become the personification of
that age-old joke; viz., (punchline) ‘looks like s***, smells like s***, tastes
like s*** … ‘good thing we didn’t step in it!’ Well, guess what? With ‘wobama
the b’ (for b***s***), we ‘stepped in it’. He’s all that … bad! Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire predicament
facing the nation owing to a now familiar political strategy of ‘kicking the
can’ down the road a piece till the problem (insolvency of the nation) has as
now become insurmountable and hence, unsolvable. That’s where we’re at now! . Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.The doctors (IMF,
European finance ministers, the ECB, etc.) are running around trying to save
it. Open heart surgery (loans guaranteed by others) has averted the immediate
crisis, but Greece is just as overweight today as it was before the crisis.
Attempts to lose weight through exercise (austerity measures) cause serious chest
pains (riots). The doctors don’t want to admit it, but all signs point to a
heart transplant (default) as the only way to get Greece onto its feet
again.Greece isn’t the only one. It is a veritable epidemic. Ireland, Italy,
Portugal, Spain and a host of other countries are having chest pains. Iceland
is feeling better now with its freshly transplanted heart. The American home
owner is still in the hospital from his financial heart attack after gobbling
up vast quantities of real estate, and it has been many decades since Uncle Sam
last could see his toes. By most
accounts (e.g. here
or Bill
Gross ‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP…’ Pity the Policymakers July 21st, 2011 by News by Mohamed A. El-Erian (Project Syndicate) —
‘I don’t know about you, but whenever I am in an airplane experiencing
turbulence, I draw comfort from the belief that the pilots sitting behind the
cockpit’s closed door know what to do. I would feel very differently if,
through an open door, I observed pilots who were frustrated at the poor
responsiveness of the plane’s controls, arguing about their next step, and
getting no help whatsoever from the operator’s manuals. So it is unsettling
that policymakers in many Western economies today resemble the second group of
pilots. This perception reflects not only the contradictory pronouncements and
behavior of policymakers, but also the extent to which economic outcomes have
consistently fallen short of their expectations.This perception is evident in
Europe, the United States, and Japan, where indicators of economic sentiment
are deteriorating again, already-weak recoveries are stalling, and
over-stretched balance sheets are becoming even more precarious.’
Top 3 Reasons Markets Were Down As Lawmakers Freeze Debt Talks
STOCKS
FORGET TO CRASH AS US GETS ONE DAY CLOSER TO DOOM: Here's What You Need To Know
Business Insider Joe Weisenthal, On Monday
July 25, 2011 ‘The market may
crash at some point before the debt ceiling fight is over. But, contra all the
hype, today was not to be that day.
But first, the
scoreboard:
Dow: -84.80
And now, the
top stories:
As noted above, today was really hyped up all
weekend after John Boehner said that he hoped to have a plan by the
time Japan opened up. It evoked weekends circa 2008, when it was a
big deal to have some kind of new bailout before the Japan open .
Well, they never got a deal over the weekend,
and Japan didn't seem to care
Perhaps the bigger story was actually in Europe,
where all the old contagion trades are back. Italy was really surprisingly ugly again
There was no big corporate news. Netflix earnings are after the ball, so that should
get some interest.
On the debt ceiling front, Harry Reid came out
with his plan that excludes tax hikes, but mainly finds savings via war. For the full rundown of what happened
today debt-ceiling wise, see here .
Geithner
gave Fed official waiver on AIG holdings Reuters |
Geithner waiver allowed William Dudley to hold investments in firms getting
emergency help.
Stocks
Lag Amid Debt Talk Worries; Gold Soars CNBC.com | Stocks
pared some of their losses Monday, but remained under pressure.
The
Federal Reserve Made $16 Trillion In Secret Loans To Their Bankster Friends
The American Dream | These loans only went to the “too big to
fail” banks and to foreign financial institutions.
Greek
default almost certain, warns Moody’s Bloomberg | Greece’s
long-term foreign currency debt was downgraded to Ca, its second-lowest rating.
25
Reasons To Absolutely Despise Bankers And Their Minions Video
Rebel’s Blog | ‘There is no reason for a national debt. July 25, 2011
#1) Bankers,
according to the London Times, launder about 400 billion dollars a year or more
in illegal weapons sales. The next time you hear of an African war lord killing
families so he can kidnap young boys to become child soldiers and young girls
to become child sex slaves, please remember that this could not have happened
without the active assistance and cooperation of the bankers and the
politicians they own.
#2) Bankers
told American businessmen that entering World War I would make the Great War
last longer which would be good for the United States because it would bankrupt
England, France and Germany. Calvin Coolidge on Veterans Day in 1928 said
America had lost only 30,000 soldiers during the war but another 100,000 since
the war ended. Those men had died of their wounds after the Armistice was
signed. Everyone who died after 1915 in WW I died for bankers and Israel.
#3) Bankers
have been laundering drug money at least since the Opium wars. Currently
bankers launder a trillion dollars a year in drug money. That these illegal
drugs are killing millions of people and destroying cities one family and one
neighborhood at a time is of no concern to them.
#4) Gordon
Duff of Veterans Today tells us that the Global Hawk which is a pilotless drone
version of the U2 Spy plane is frequently used to carry 3,000 pound payloads of
opium paste out of Baluchistan Pakistan. This lucrative opium trade is one
reason why Afghanistan in America’s longest war. America has killed millions of
innocent civilians for nothing. America will one day have to pay that debt.
#5) On
9-10-2001 Donald Rumsfeld told us that he could not trace 2.3 trillion dollars
in Pentagon spending. On 9-11-2001 four planes were electronically hijacked
which together with pre-planted explosives killed 3,000 Americans that day and
many more since in needless wars. 189 people died at the Pentagon. Most of
these were auditors trying to find the missing trillions the bankers and their
friends stole. American taxpayers are treated as indentured servants by the
bankers. We are not allowed to audit the books and demand the return of the
stolen money. Trillions more have gone missing since Rumsfeld promised on 911
to do a better job tracking down that money.
#6) On March
22nd 2000 Susan Gaffney, the Housing and Urban Development Inspector General,
testified before the House Governmental Affairs Committee detailing the 59.6
billion dollars that went missing from HUD during the previous two years. When
asked if she did anything to recover the missing money she said No. If we were
equal to a banker, we would have demanded audits. Years earlier Catherine
Austin Fitts was at HUD under Bush I. She found one block in San Diego that had
20 million dollars in HUD guaranteed loans for buildings that never ever
existed. All of these loans defaulted and were paid for by taxpayers who do not
have the right to audit the books.
#7) Max Keiser
and Stacy Herbert are both American financial experts who now report on gross
banking fraud from their base in Paris. They have made several trips to Dubai
and have told us what multiple bankers told them. American contractors
returning home from Iraq and Afghanistan have deposited suitcases full of money
in Dubai banks. If we did not have a government owned and operated by the
bankers, would any of this be possible?
#8 ) Bankers
financed the Soviet Revolution which allowed their Communist minions to kill
over 60,000,000 real human beings. They deliberately starved 10,000,000 to
death in the Ukraine.
#9) The UN
estimates that worldwide the slave trade traffics 250,000 mostly women and
children a year. Many young children are killed for snuff films by Russian
Jewish mobs. None of this could happen without the active participation and
cooperation of bankers and the governments they own in the United States,
England, Israel, Belgium, France, Portugal and elsewhere around the globe.
#10) Several
years ago documents revealed that the African slave trade was financed through
front men like Aaron Lopez . The African slave trade resulted in the deaths of
millions of human beings en route to North and South America. No estimate has
been made of the numbers killed by the wars over 3 and one half centuries
engendered by the desire to capture their fellow Africans to be sold to the
bankers and their minions. The slave trade would not have been possible without
the active participation and cooperation of the bankers and their governments.
Did I neglect to mention the other end of the African slave trade? Every school
book cites the trade of rum made in Newport Rhode Island by the 21 Jewish
distillers for the slaves of Africa. What they do leave out is the fact that
those distillers also sold rum to Indians who routinely massacred white
settlers while in drunken rages. Then the settlers would take revenge so all
sides except for the distillers and the bankers lost in this trade.
#11) Asia
Times told us that the big international banks launder 500 billion dollars a
year in bribes for politicians. This does not include campaign contributions
and cash payments. Remember the congressman in 2008 who said he had two types
of calls from his constituents about the proposed Banker Bailout. He said some
said No and the rest said Hell No. Yet the Bailout was passed by both Houses
and approved by both Presidential candidates. Now you know why the Congress,
the news media and the President do not listen to you and do not care what
happens to you and your friends and your family.
#12) Bernie
Sanders revealed the Federal Reserve Bank created 16 trillion dollars in loans
over the past couple of years. Many of these loans went overseas. But many of
these sweetheart loans made at negative real interest rates (i.e. below the
rate of inflation) were made to news organizations like NBC-MSNBC-Comcast. This
company is owned by a defense contractor and two Zionist business partners.
MSNBC, which is supposedly the most liberal news source in America, has been
firing and disciplining liberal anti-war newscasters and hosts. This would be surprising
to the casual observer if he or she was not aware of the loans made by the
privately owned Federal Reserve bank.
#13) Back to
that 16 trillion dollar money bomb dropped on the people of the world by the
Federal Reserve. Bankers were bundling up home mortgages into bonds and used
MERS (Mortgage Electronic Registration System) to register their deeds. The
bankers allowed their minions to sell one home mortgage into five different
bonds in effect selling five different people a legal claim to your house.
These bonds were worthless. The ratings agencies Standard and Poor, Fitch and
Moodys gave these bonds triple A ratings in exchange for hefty fees. The banks
did not do due diligence before selling them to banks overseas. They knew the
loans were bad because they bought insurance (Credit Default Swaps) to cash in
on the inevitable losses. More than 6 trillion dollars was paid by the FED to
overseas banks. Why? Because they wanted to keep New York bankers out of jail.
You see those bonds had to go into default and the bankers knew that. A
bondholder whose underlying mortgage went bad would not ask for the return of
his money. But if the mortgages were good, five different companies would come
to collect from one homeowner and the courts might actually have to send
bankers to jail. All the inflation you will see over the next few years will be
due to the active participation of the Federal Reserve in financial fraud.
Obviously those bankers in New York owe Zero Mostel and the writers of the
movie script for the Producers a sizable bonus.
#14) Do you
remember the Presidential election of 2000? I knew Bush would become President
years before. But I remember telling my friends that it was obvious to me that
the Federal Reserve Board was spiking the election in Bush’s favor so we could
go to war. My reasoning was thus: the FED was raising interest rates and
tightening credit so the stock market would go down before election day. If the
market declines in an election year, the incumbents lose seats in both Houses of
Congress and a couple million votes in the Presidential race. Alan Greenspan
made George W Bush President of the United States allowing Bush to invade Iraq
and Afghanistan for Israel. Can I prove Greenspan knew in advance 911 would
happen? One of the Rockefellers told Aaron Russo 911 was coming years in
advance. What Greenspan knew about 911 and when he knew it, we will not know
until we have war crimes trials.
#15) Let’s
revisit the North American Free Trade Act (NAFTA) of 1994. Since that date,
America has lost 50,000 manufacturing plants. America has a little over 3,000
counties with an average population of 100,000. If you divide 4,000 into
50,000, you get an average loss of 13 to 14 manufacturing plants closing and
going overseas per county. This has destroyed local tax bases, government
revenues and jobs resulting in millions of unemployed and millions of
foreclosed homes. Instead of testifying before the Congress and telling the
nation what would happen Greenspan covered it up by printing lots of money.
There was no price inflation, because traditionally a manufacturing based
economy has to bid workers and raw materials away from competitors. Not so
since NAFTA. We had no manufacturing base left to create price inflation. All
the monetary inflation went into the stock market. Greenspan crashed the stock
markets to end the dot com bubble and elect the warmonger Bush. After the dot
com bubble went pop, Greenspan ignited the Housing Bubble. Why do we have a
Bubble economy? The Bankers and their minions sent all the jobs overseas so the
only way to make money in America today is through the Subsidized Bubble
Machine known as the Federal Reserve and the Federal government. Citizens are
required to buy insurance under penalty of law. But the insurance companies who
wrote the Obamacare bill are not required to treat you when you get sick. This
is a subsidized medical system which when the Bubble pops will send wages down,
down down for nurses, doctors, pharmacists, EMTs and others in the health care
field. Local schools and police were in the subsidized Bubble economy but the
implosion of the tax base is forcing layoffs in many cities and states.
Providence Rhode Island gave pink slips to every teacher. Ashtabula county Ohio
(population 102,000) laid off all of the Sheriff deputies save those working in
foreclosures for the courts. This means they have one deputy per shift for the
entire county. A local judge told the residents to buy a gun. We have reached
the point where the only Bubbles left are war and other subsidized government
endeavors. The next sucking sound you hear will be civil service and healthcare
jobs evaporating. This will send the unemployment rate above 30% from its
current 22%. By definition and by law, Bubbles cannot give the illusion of productive
employment and real wealth without the participation and cooperation of the
bankers and the politicians they own.
#17) Martin Luther King was killed on April 4th,
1968. He was killed on the first anniversary of his famous anti-war speech at
Riverside church in New York City. King planned to have a Summer of Ant- War
protest in Washington D.C. He was going to use passive resistance and civil
disobedience to stop the Vietnam War. The Bankers, the Zionists and the
Imperialists could not allow King to win so they killed him. The message to the
American people was that you are peasants, we are the feudal lords and you
cannot refuse to die in our wars. You do not have the right to say No. Robert
Fitzgerald Kennedy and his nephew JFK Jr. were also killed by the same people
though for different reasons.
#18) Dr Alan Sabrosky is a former Director of Studies
at the US Army War College. Dr Steve Pieczenik was deputy Secretary of State
for three Presidents. They are both of Jewish descent. They both say 911 was an
inside job and that Israel did it with the help of traitors inside the US
government. Sabrosky has been telling his former colleagues at the Army War
College that Israel did 911. Do you for one minute believe that Israel could
have done 911 and gotten away with it without the active participation and
cooperation of Jewish Americans on Wall Street and in the government and news media?
#19) When you go into a bank for a $10,000 loan, the
bank is not lending you Mrs Jonses’ life savings. What the bank is doing is
creating a $10,000 deposit in your checking account. There a few points of
interest in this transaction. The banker only created enough money for you to
pay the principal and not the interest on the loan. The interest on the debt
can only be paid if the banker loans more money out and increases the total
money supply so there is money to make the payments. This is called monetary
inflation and usually leads to price inflation. Another point of interest is
that the banker gets all of the benefit of making the loan and you, even if you
are not part of this transaction, pay for it. How so, you ask? Because your
purchasing power was diminished every time the banker made a loan. Years ago I
remember reading a study of the loss of savings due to banker induced
inflation. It was twice as great as the value of all Social Security payments
received by the elderly. Bot a good deal for anyone involved except bankers who
now want to cancel Social Security benefits but not the taxes you pay in so we
can afford to continue to pay the Banker Bailouts.
#20) The federal government under Presidents Kennedy
and Lincoln issued non-interest bearing currencies. They saw no reason why the
Treasury should not just issue a currency. They did not want to allow the
bankers to create money (i.e. Federal Reserve Notes) they would trade for
Treasury bonds which would require the taxpayers to pay interest on ever
increasing national debts. Eventually, we would create what I have called a
Debt Bomb of Unpayable Debts. The burden of those interest payments becomes
unbearable and we all go in to bankruptcy at which point the bankers buy
everything from us for pennies on the dollar in foreclosure sales with money
they stole from us. Then we and our descendants are permanently reduced to the
status of a landless serf. There is no reason for a national debt other than to
transfer wealth from us to the bankers.
#21) Since there is no reason for a national debt,
there is no reason for Austerity Cuts so wages and benefits to be matched by
taxes on the working and middle classes. The only reason for the European banks
to bailout Greece is so that the banks can keep the Ponzi scheme going long
enough to trade their Greek debts for euro bonds which they can sell and use to
buy gold, silver and oil. All of our sacrifices are for nothing and only
increase their ill gotten gain.
#22) Harry Markopolos took in more than 300 pages of
documented evidence to the SEC to prove to them that Bernie Madoff was stealing
tens of billions of dollars from his mostly Jewish clients. The case was not
hard to prove. Catherine Austin Fitts said the SEC had to do was to match
Madoff’s bank transactions up with his brokerage accounts. So if he was moving
lots of money around in his bank accounts but not buying stocks, then he was an
obvious fraud who needed to be arrested in time for the Evening News. This is
not the end of the story. Markopolos told us that a much greater fraud was
waiting in the wings called Credit Default Swaps (CDS) which he valued at a
potential loss of 600 trillion dollars. This is ten times the total output of
the world’s goods and services. Yet to date neither the House nor the Senate
nor the Obama nor Bush Departments of Justice and SEC have seen fit to ask Mr
Markopolos to come and give evidence. Why? Because all politicians are
frightened little cowards.
#23) CDS were invented by a Jewish girl from England
named Blythe Masters. She is the VP for Global Commodities at JP Morgan. Her
boss is Jamie Dimon who is also Jewish. In 1999 Brooksley Born was Chairwoman
of the CFTC and attempted to regulate CDS which are a hybrid between insurance
and a derivative which is a bet on the future value of a bond or a commodity.
Four Jewish men (Robert Rubin, Larry Summers, Alan Greenspan and Arthur Levitt)
told her that she was not allowed to regulate CDS. That would spoil their fun.
If you remember, I previously mentioned that the purchase of a CDS enabled the
banks to sell bonds they knew to be worthless. It is illegal to do this. The
purchase of a CDS gave the ratings agencies cover to give AAA ratings to zero
value, fraudulently induced, no recourse bonds. Now remember the bailout of
AIG. The banks knew AIG could not cover the losses they knowingly passed on
when they bought CDS, because they both created the moral hazard of less than
junk grade bonds and insured against it. They then went to their kept whores in
the Congress and had them pass legislation that Bush, Obama and McCain approved
of to cover AIG’s losses. It must be so much fun to be a banker, to steal a
nation’s wealth, to start wars, to kill millions of people around the world and
to make up assassination lists of honest politicians.
#24) Jim Willie has a PhD in Statistics. He is so
despised by the bankers that he, Bob Chapman and a few others can no longer
safely live in the United States. He told Max Keiser that in the 1990s the US
Treasury Department sold 2.2 trillion dollars more in Treasury bonds than were
needed to fund the federal deficit. Remember that this was a deficit already
swollen by missing trillions from HUD, Defense and other agencies. Did I tell
you that Indira Singh who worked as a high level computer consultant for the
Big Three New York banks until 911 said the bankers were even stealing from
Social Security. They would enter say a million non-existent recipients into
the computers, give them monthly checks. Those frauds were not part of the 2.2
trillion the bankers put directly into their pockets from the sale of bonds.
Nor does it count those gold bars at Fort Knox which were sold and replaced
with gold plated tungsten. Nor does it include the gold bars the bankers leased
from the government and sols as if the gold were theirs.
#25) Do you remember the newscasters during the
recent Egyptian uprising saying that they lived on two dollars day in Egypt?
The reason for their poverty was that the bankers used the IMF and World Bank
to stop the Egyptians from developing agriculture so they could raise their
standard of living and they could say No to bankers. The banks have forced
Africans to accept Genetically Modified Organisms knowing that they emit
pesticides into your blood and also increase your risk of cancer and sterility.
They also force poor nations like Bolivia to privatize their water resources.
When the bankers did this in Africa, people died of cholera. The bankers grind
every last dollar out of the poor before they kill them. They are taking all
those trillions of dollars from the Bailouts and buying commodities and sending
the price of food and energy higher. In fact prices in a year will be so high
that people who used to have jobs will no longer have enough to pay their bills
and buy food. Those already poor will simply just fie from starvation, or in
riots and revolutions. Maybe the bankers will be kind to the poor and release a
plague that will kill a billion or two billion people.
Finally, I must tell you why I despise bankers. It
might be one of the reasons why all decent and intelligent people everywhere
should hate them. They serve no useful purpose. They have no redeeming
qualities. They steal our money. They lie to us. They impoverish nations They
ridicule our traditions and our way of life. They casually destroy countries.
They destroyed my country America. America was on the road to ruin before I was
born. The bankers are not real human beings. No real man or woman would look
for honest, intelligent men and women who are well respected and then run to a
phone to have them put on a Death List. When the dollar collapses, the bankers
will go down their lists of honest and intelligent and courageous men and women
killing them until we say No More.
Have I convinced you that bankers are pond scum? As
the gladiators used to say in the Roman Coliseum, we are who about to die
salute you. Get your affairs in order. If there is anything you wanted to do,
do it now. My earlier prediction that Benyamin Netanyahu’s plan to launch World
War III in September by attacking Iran in order to prevent a UN vote on
Palestinian statehood might be wrong. But my intuition still says No war now.
Of course I am sticking by my earlier prediction that silver will skyrocket in
price soon. I was writing a series of articles entitled Go Beyond Left and
Right to an Anti-Banker Party. I was diverted though this essay should have
been entitled Part III. I have decided to call the next entry Part IV.’
National / World
Super Congress Will KILL Real Congress TheAlexJonesChannel
| A Super-Congress set up to bypass elected representatives.
Norway Killings Prompt Crackdown On Brits Opposed to
Immigration Kurt Nimmo | New enemies are white
people opposed to wide open immigration policies and refusal of government to
enforce national borders and stop illegal immigration.
Norway Killer Warns Of “Two More Cells” Preparing Attacks
Steve Watson | After initially stating that he
acted alone in carrying out Friday’s massacre, Anders Behring Breivik has now
suggested in court that two other “cells” of extremists collaborated with him.
Police Knew Gunman’s Name Before Arrest Paul
Joseph Watson | British news anchor questions how authorities were
aware of Breivik’s identity in advance
Sustainability In All Things Except Rational Thinking Sartre
| The current political system is out of control and does not serve or benefit
the interests of our citizens.
Libya
says NATO killed 7 At Hospital, bombed food stocks AFP |
Gaddafi’s regime accused NATO of killing at least seven people in a raid on a
medical clinic and destroying stocks of food on Monday in the western Libyan
town of Zliten.
No
permanent U.S. bases in Afghanistan: U.S. ambassador Reuters |
Washington is negotiating with the Afghan government on a deal to define the
long-term American role in Afghanistan beyond the end of 2014.
Obama: Doing Things On My Own Is Very Tempting CNN
| “The idea of doing things on my own is very tempting, I promise you, not just
on immigration reform.”
Police Knew Gunman’s Name Before Arrest Paul
Joseph Watson | British news anchor questions how authorities were
aware of Breivik’s identity in advance.
Norwegian ‘MI5′ Had Massacre Suspect On List Sky
News | The man accused of killing at least 76 people in a shooting
massacre and car bombing in Norway had been on an intelligence watch list since
March, according to reports.
Norway Killings Prompt Crackdown On Brits Opposed to
Immigration Kurt Nimmo | New enemies are white
people opposed to wide open immigration policies and refusal of government to
enforce national borders and stop illegal immigration.
Norway Killer Warns Of “Two More Cells” Preparing Attacks
Steve Watson | After initially stating that he
acted alone in carrying out Friday’s massacre, Anders Behring Breivik has now
suggested in court that two other “cells” of extremists collaborated with him.
Norway Shooting Suspect Anders Breivik: Attacks Were
‘Price of Their Treason’ ABC News | The man
suspected of killing more than 70 people in a separate bombing and shooting
spree in Norway Friday said he attacked the country’s liberal party because,
the “price of their treason is what they had to pay.”
‘Neo-Nazi, masonic-lodge mindset – Norway’s new brand of
terror’ RT | The bomb in Oslo targeted buildings
connected to Norway’s governing Labour Party, and the youth camp on Utoya
island was also run by it.
U.S. money ended up in Taliban hands: report AFP
| US government funds earmarked ostensibly to promote business in
Afghanistan have landed in Taliban hands.
Anders Behring Breivik: Manufacturing a Patsy? Paul
Joseph Watson | Trusting media portrayal of gunman foolish given how
press got it spectacularly wrong in blaming Muslims.
‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they say
… but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ Moody's
puts U.S. ratings on review for downgrade Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
A
corporate quandary: Who to bribe? U.S. companies doing deals abroad have a
problem: One guy’s bribe is another’s cost of doing business. (Washington Post) [ Deals abroad? Come on! Wake up! One way or
another, domestic or foreign, in one form or another, bribes are being paid as
standard operating procedure, modus operandi, in, to, and by pervasively
corrupt, defacto bankrupt america and assigns. That’s just the way it is,
however unfortunate; and, in circumstances when you’d least expect it. . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s
‘no-recession-helicopter-ben-b.s.-bernake’ et als and anything that conflicts
with the huge wall street money / paper frauds that continue as we speak of
them. Come on! Does anybody buy any of the b***s*** from him or his ilk.
‘Conflicts are US’ is the prevailing entity / pressure group / reality in
Washington these days and with all the negative, diabolical consequences therefrom,
economically, financially, and otherwise.
Geithner
says hard times to continue for many
] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500. Will the phase II be as bad as
the 2008 crisis? The last crisis was confined to the private sector, i.e.
financial institutions. The next one will be involve the threatened default of
entire countries. The last time, the central banks bailed out the financial
firms and even Warren Buffett bailed out several firms. Who is big enough to
bail out entire countries? Or will the term of “too big to fail” turn to “too
big to bail?”
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have been very volatile this year, but also
range bound. A picture speaks a thousand words so all one needs to do is
view the chart below of the S&P 500 Index to understand just how volatile
and range bound things have been. Specifically, since February 20, 2007,
only nine and one half months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up
11.26%, down 10.09%, and now up 7.73% – through 12/10/07 – so far in
this latest up leg! All this in ONLY nine and one half
months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is
repeating itself so far in 2011, which has been fraught with ups and downs in
both international and domestic equity markets. This is due to many
things, including the considerable economic doubts and various countries debt situations.
This uncertainty has translated into market performance with direct impacts on
portfolio returns and more prominently in portfolio volatility. This volatility
is best seen in the chart below of the S&P 500 Index beginning 1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended
positivity and the momentum carried into the first two months of 2011 however
the end of February began a series of events that led market returns on a
whipsaw ride of ups and downs, resulting in the current universal mid-year
views of market uncertainty.
What news was
associated with this volatility? All the usual; crude oil prices, natural
disasters, corporate earnings, politics, economic forecast revisions for both
developed and emerging markets, the European debt situation, the United States
debt situation and more to name just a few.
One thing is
for certain; the current volatile, range bound market activity is difficult at
best to profit from. In this investing environment patience is the most
important attribute. I will be patient and will be careful until the
trends are preferable.
Our strategy
at Hanlon Investment Management is to attempt to minimize downside risk by
exiting risk asset classes, such as equities, during periods of uncertainty,
getting invested in more conservative asset classes, such as money markets and
short-term bonds, and re-entering into risky asset classes when we identify
them as attractive, when the trend is our friend and positive!
Having
identified this volatility, in June we made defensive, tactical investment
decisions that provide less exposure to these volatile, range bound markets and
prepare us to re-enter the markets when they possess improved risk
characteristics.’
Though having but 5% of the world’s population, the u.s. has 76%
of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Unemployment
up in 28 states in June The rate for the District surpassed the national
rate, up to 10.4 percent (Washington Post) [ Well there you go say the bernanken
wobomanoids! Great news in that there’s no reported change in 22 other states
(yet). Yeah! Happy days are here again! The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Initial
unemployment claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with an
electric typewriter for letter quality)] who could (as he) identify such
novelties as the biggest over-priced / over-valued sensations since the hoola
hoop (which were pretty cheap and with some minor health benefits to boot).Take
this run-up as a gift based on fraudulent wall street b***s*** alone and take
this opportunity to sell / take profits / ‘sell today if you missed in may and
then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ Huge suckers’ rally to keep the suckers suckered in
this market based upon backward looking data discounted multiple times to the
upside (including the apple numbers as recently as last week on ‘leaked’
expectations of ‘better than expected’, etc.), taxpayer funded QE results, and
b***s*** alone. This is an especially great opportunity to sell / take profits
since there’s much, much worse to come!
IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Check out
this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Greek
contagion quarantined New crisis measures may finally keep Greece’s
problems from spreading across the continent. (Washington Post) [ Riiiiight!
Quarantined … as in confined to that limited spot … now called the entire planet
earth! Spreading across? How ‘bout now totally intertwined with, and then some
… of the other 6 continents. Come on! Wake up! Moreover, the big fear, viz.,
default, has finally been realized; yet, despite all the prior handwringing
over just that, we’re now all told to buy into the ‘good money after bad’
formulae that served the frauds on wall street, only, so fabulously in the last
and continuing financial / economic debacle / crisis. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Initial
unemployment claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with an
electric typewriter for letter quality)] who could (as he) identify such
novelties as the biggest over-priced / over-valued sensations since the hoola
hoop (which were pretty cheap and with some minor health benefits to boot).Take
this run-up as a gift based on fraudulent wall street b***s*** alone and take
this opportunity to sell / take profits / ‘sell today if you missed in may and
then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European countries,
Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC. - INCOME STATEMENT
USA INC. -
BALANCE SHEET …’ Huge suckers’ rally to
keep the suckers suckered in this market based upon backward looking data
discounted multiple times to the upside (including the apple numbers as
recently as last week on ‘leaked’ expectations of ‘better than expected’,
etc.), taxpayer funded QE results, and b***s*** alone. This is an especially
great opportunity to sell / take profits since there’s much, much worse to
come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms. Check out
this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm ] Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.The doctors (IMF, European
finance ministers, the ECB, etc.) are running around trying to save it. Open
heart surgery (loans guaranteed by others) has averted the immediate crisis,
but Greece is just as overweight today as it was before the crisis. Attempts to
lose weight through exercise (austerity measures) cause serious chest pains
(riots). The doctors don’t want to admit it, but all signs point to a heart
transplant (default) as the only way to get Greece onto its feet again.Greece
isn’t the only one. It is a veritable epidemic. Ireland, Italy, Portugal, Spain
and a host of other countries are having chest pains. Iceland is feeling better
now with its freshly transplanted heart. The American home owner is still in
the hospital from his financial heart attack after gobbling up vast quantities
of real estate, and it has been many decades since Uncle Sam last could see his
toes. By most accounts (e.g. here
or Bill
Gross ‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP…’
Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the
nation) has as now become insurmountable and hence, unsolvable. That’s where
we’re at now! . Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.The doctors (IMF,
European finance ministers, the ECB, etc.) are running around trying to save
it. Open heart surgery (loans guaranteed by others) has averted the immediate
crisis, but Greece is just as overweight today as it was before the crisis.
Attempts to lose weight through exercise (austerity measures) cause serious
chest pains (riots). The doctors don’t want to admit it, but all signs point to
a heart transplant (default) as the only way to get Greece onto its feet
again.Greece isn’t the only one. It is a veritable epidemic. Ireland, Italy,
Portugal, Spain and a host of other countries are having chest pains. Iceland
is feeling better now with its freshly transplanted heart. The American home
owner is still in the hospital from his financial heart attack after gobbling
up vast quantities of real estate, and it has been many decades since Uncle Sam
last could see his toes. By most
accounts (e.g. here
or Bill
Gross ‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP…’ Pity the Policymakers July 21st, 2011 by News by Mohamed A. El-Erian (Project Syndicate) —
‘I don’t know about you, but whenever I am in an airplane experiencing
turbulence, I draw comfort from the belief that the pilots sitting behind the
cockpit’s closed door know what to do. I would feel very differently if,
through an open door, I observed pilots who were frustrated at the poor
responsiveness of the plane’s controls, arguing about their next step, and
getting no help whatsoever from the operator’s manuals. So it is unsettling
that policymakers in many Western economies today resemble the second group of
pilots. This perception reflects not only the contradictory pronouncements and
behavior of policymakers, but also the extent to which economic outcomes have
consistently fallen short of their expectations.This perception is evident in
Europe, the United States, and Japan, where indicators of economic sentiment
are deteriorating again, already-weak recoveries are stalling, and
over-stretched balance sheets are becoming even more precarious.’
I must say I’m a little disappointed in
Mr. Petruno. Acts? As in what they do in Hollywood? Maybe. But let’s not be
naďve. [ Parenthetically, it should be noted that the LA Times is a dying,
failed newspaper / publisher. ]
Greek
contagion quarantined (Washington Post)[Riiiiight!Quarantined-as in confined
to that limited spot-now called the entire planet earth!Spreading across?How
‘bout now totally intertwined with,and then some,of the other 6 continents.Come
on!Wake up!Moreover,the big fear,viz.,default, has finally been realized; yet,
despite all the prior handwringing over just that, we’re now all told to buy
into the ‘good money after bad’ formulae that served the frauds on wall street,
only, so fabulously in the last and continuing financial/economic
debacle/crisis.Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 Forbes Deficits
And Stimulus Only Delay The Inevitable Collapse Chapman America is insolvent US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities .. US is actually in worse financial
shape than Greece,etc.Pimco’s Gross told CNBC.Maierhofer:‘USA INCOME STATEMENT USA BALANCE SHEET ’ Science
and religion: God didn't make man; man made gods http://discussions.latimes.com/20/lanews/la-oe-thompson-atheism-20110718/10
Among the songs I have chord charts for (courtesy of my guitar instructor), I
know the words to the song. I’m all for peace because it’s rational. ‘No
possessions’, John Lennon didn’t give up one. He even was pro-Reagan
politically. Have you taken a really close look at this world today and what
man’s created, ‘mr. and mrs. pro-science and reason’. You obviously take
delight in speaking about a subject far beyond your own capacity to truly
understand; and then your non-sequitor, unprovable conclusions. Quite simply,
the authors of this article are pathetic and merely seem to be looking
desperately for an audience; a niche where really profound truth gives way as
does form over substance. Once again, you are pathetic!
Why Apple,
Google And EBay Will Slash And Burn Investors
200-Day MA Sell Signals - Should You Ignore these Death Crosses?
[$$] Time to Pluck Apple?
Top 3 Reasons Markets Were As Mixed Up as U.S. Budget
Negotitions Wall St. Cheat Sheet July 22, 2011,
On the
commodities front, Oil climbed to $99.67. Precious metals also gained, with
Gold up to $1,602.10 an ounce while Silver rose 3.06% to $40.14 an ounce…
Today’s
markets were mixed because:
1) No budget
deal . Democrats and Republicans, the House and the Senate, tax hikes vs.
spending cuts…the debate continues as we head into another weekend with no debt
deal. Yesterday the New York Times reported that we were close, but the White
House quickly denied it. There are three main proposals in Congress : the Senate’s “Gang of
Six” plan, which contains both large spending cuts and significant changes to
the tax code; the Obama-Boehner plan, a bit more conservative but still not
being embraced by the right; and the House’s “Cut, Cap and Balance” act that’s
already been rejected by the Senate today, the majority being angered by the
plan’s complete disregard of any tax reform whatsoever. It’s a game of chicken:
Republicans aren’t ceding any ground, expecting the Democrats to flinch first
as they barrel toward the August 2 deadline to raise the debt ceiling.
2) Greek
bailout plan. Yesterday, European leaders held yet another summit to discuss
plans for Greece’s bailout. But this time they came up with a plan of action.
While the plan would allow for Greece to technically go into default, it seemed
the best option for preventing the spread of Greece’s debt problems and for
helping the Greece’s economy to recover. At issue for some time now has been
the level of private sector involvement in the bailout. It was ultimately
decided that as much as 50 billion euros would be raised by private sector
buyers of Greek bonds. The Greece
news boosted global markets and the euro , but wasn’t enough to keep
American markets up as we continue to face our own debt crisis.
3) Tech
sector. The tech-heavy Nasdaq was the only major index to show significant
gains today, with chip makers Sandisk (SDSK) and Advanced Micro Devices leading
the semiconductor sector after reporting better-than-expected
second-quarter earnings and raising their full-year revenue forecasts. Sandisk
closed up 9.62% and AMD closed up 19.23%. Other tech firms rode the wave,
including Micron , Microchip Technology , and Seagate , all gaining over 3%…’
DOW
FALLS, NASDAQ UP AMID THREAT OF IMPENDING DOOM: Here's What You Need To Know
Business Insider Joe
Weisenthal, July 22, 2011, A totally unbelievable
end of the week filled with euphoria, tragedy, and a sense of impending doom.
But first, the
scoreboard:
Dow: -46.47
And now, the
top stories:
We'll break it down by themes. Obviously the day
started with yesterday's huge European bailout announcement. You can read all about it here , but the establishment
of a more fiscally cohesive an flexible European bailout mechanism was
initially treated with huge euphoria. However by the end of the
European day that faded quite a bit .
The day also saw incredible tragedy in Norway
First a bomb struck a government area in Norway, and then a couple of
hours later, a gunman attacked a youth camp on an island owned by the
ruling labor party, killing 9 or 10. The details and motivations remain
quite scarce, but it's a national tragedy -- one of the worst days in
Norwegian history without a doubt.
Bottom line: The market is still figuring that
things will come together on the debt ceiling front next week and that it
won't all go blamo. It's perhaps a dicey proposition ahead of a weekend
where many people are leaving Washington.
Indebted EU
states can model Iceland Press TV | Debt-ridden EU
countries need to pattern themselves after Iceland.
Banks
Pay Back TARP Funds by… Borrowing From Treasury Yahoo Finance
| Banks repaid cash owed by borrowing from a Treasury-run program.
Oil Prices Rise Reuters
| Oil rose for a third straight session Thursday.
500
Million Debt-Serfs: The European Union Is a Neo-Feudal Kleptocracy Charles
Hugh Smith | All Europeans now serve them as debt-serfs in one way or
another.
Austerity
and Deficit Hawks Say, “Let Them Eat Cake,” The People Will Say, “Off With
Their Heads” AmpedStatus Report | The vultures are
circling above the debt ceiling, along with the austerity and deficit hawks,
ready to pounce on what little remains.
The Fatal
Flaw In Europe’s Second “Bazooka” Bailout: 82 Million Soon To Be Very Angry
Germans, Or How Euro Bailout #2 Could Cost Up To 56% Of German GDP Tyler
Durden | A funny thing happened in Euro spreads today.
A Thousand
Pictures Is Worth One Word BIG GOLD | In spite of constant
headlines about debts and deficits, most Americans don’t really believe the
U.S. dollar will collapse.
Regulators
shut 2 banks in Florida, 1 in Colorado (AP)
Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s
‘no-recession-helicopter-ben-b.s.-bernake’ et als and anything that conflicts
with the huge wall street money / paper frauds that continue as we speak of
them. Come on! Does anybody buy any of the b***s*** from him or his ilk.
‘Conflicts are US’ is the prevailing entity / pressure group / reality in
Washington these days and with all the negative, diabolical consequences
therefrom, economically, financially, and otherwise. Geithner
says hard times to continue for many
] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus the
rate of inflation. However, inflation is far understated for political reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation, according
to free market economists who calculate inflation as it was done in 1980 before
the politician re-engineered it, is now more than 11%. Using that to adjust GDP
for inflation, would show that the economy is now in a very sharp contraction.
When the current
euphoric earnings forecasts of Wall Street finally reflect that via significant
“earnings downgrades,” the stock market will see a serious “adjustment” as
well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Gallery:
Key players shaping economic policy (Washington Post) [ Is this some kind of a joke? Key players? If
this were a game, those ‘key players’ would certainly be on the other side /
team. I mean, come on! Look at their results! Nothing short of disasterous.
And, in case you hadn’t noticed, ‘this is no game’. Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
National / World
Oslo Bombing Tied To CIA-Linked Terrorist Kurt
Nimmo | The media is instinctively blaming al-Qaeda, but there is
another possible culprit.
Oslo Terror: Whose Agenda Does It Serve? Paul
Joseph Watson | Bombing of government building and mass shooting
arrive as establishment seeks to manufacture “white Al-Qaeda” myth.
Oslo Bombing: Is CIA Contact Krekar to Blame? Kurt
Nimmo | The media is instinctively blaming al-Qaeda, but there is
another possible culprit.
Government Is To Blame For Blackouts Alex
Jones & Paul Joseph Watson | Energy companies in Detroit,
Indianapolis warn of coming power outages
Feds Profiling Whites, Middle Class Americans As
Terrorists Paul Joseph Watson | Only when conservatives
realize they are as big a target of the “war on terror” as Muslims will we see
the police state dismantled.
Wall
Street Likes Obama 11.8 Million Times More Than Previously Believed at
Minyanville ‘Considering Wall
Street's well-documented distaste for President Obama's economic policies, it
might be logical to assume the lion's share of the donations to his re-election
campaign recently have come from elsewhere.a new analysis by the Center for Responsive Politics has
found that "individuals who work in the finance, insurance and real estate
The
Center has identified 80 bundlers -- out of 244 whose names were released by the Obama campaign last week
-- who are part of the financial sector. Forty-four specifically work for the
securities and investment industry.Goldman
Sachs
·
Mark and Nancy
Gilbert, of Barclays, who worked together to raise money as a couple
·
Blair Effron, of
Centerview Partners
·
Kirk Rudy, of
Endeavor Real Estate
·
Orin Kramer, of
Boston Provident
·
John Emerson, of
Capital Group Companies
data Business
America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Pentagon
Warning Order: ‘Prepare for War’ (By September?) Mac Slavo
| The world is just one misstep away from a complete financial, economic and
geo-political meltdown.
‘US
might redeploy Bahrain fleet’ following popular revolution Press TV
| Alarm at revolution against the country’s Washington-backed regime.
U.S. Warplanes Attack
Iraq City Aswat al-Iraq | Raids cover areas of Ufiya and
Abu-Rummana in central Amara.
Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been
so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a
corporation - USA Inc. - here's what the Income Statement would look like:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET …’
Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
New
Greek rescue plan approved Stronger countries’ creditworthiness is
effectively pledged to help ailing banks or euro-zone governments. (Washington Post) [ Wow! ‘Talk about good
money after bad and going down with the ship!’ Well, they are ‘captains /
pilots’ so to speak and ain’t that what they supposed to do? Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed
pilots who were frustrated at the poor responsiveness of the plane’s controls,
arguing about their next step, and getting no help whatsoever from the
operator’s manuals. So it is unsettling that policymakers in many Western
economies today resemble the second group of pilots. This perception reflects
not only the contradictory pronouncements and behavior of policymakers, but
also the extent to which economic outcomes have consistently fallen short of
their expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’ Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been
so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a
corporation - USA Inc. - here's what the Income Statement would look like:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET …’ Standing on the precipice – and ready to jump July 21st, 2011 News By Wolfgang Münchau
( Financial Times) — ‘It looks like there will be deal on a eurozone package
for Greece. The full details are still missing, but it appears that the
eurozone is forcing Greece into a selective default. As part of such a package,
short-term Greek debt will be more or less forcibly converted into long-term
debt. The wretched bank tax is mercifully off the table. And the European
financial stability facility will most likely be allowed to purchase Greek debt
at a discount. LET US NOT MINCE WORDS HERE . THIS WOULD BE
A DEFAULT, THE FIRST BY A WESTERN INDUSTRIALISED COUNTRY IN A GENERATION .
I am
not quite sure how it is possible for the European Central Bank to agree to
this, or to all of this. But I will surely be intrigued to hear how Jean-Claude
Trichet will manage to be consistent with what he said a few days ago. There
are also reports that the eurozone leaders may accept a more flexible EFSF
beyond those bond purchases.’
Will:
Obama is the debt problem (Washington Post) [ If ‘wobama the b’ (for b***s***) was only the
debt problem, there’d be some hope. But alas, Mr. Perma War, Mr. No Pros Wall
Street, Mr. Teleprompter, and more all rolled into one, it’s difficult now to
see where one wobama-induced (by failing to heed his own campaign promises upon
which he was elected) problem ends and another begins. Indeed, an amorphous
amalgamation of problematic scenarios that defy, based on his/their own own
lack of perspective/knowledge, their ability to identify the problems much less
solve them. America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to recommend
it. My own direct experience with the region(s) (particularly new jersey, new
york, virginia, connecticut, california) carves out no exception for the
prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Why Apple,
Google And EBay Will Slash And Burn Investors
[$$] Time to Pluck Apple?
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of government cover-ups,
notably by even the DOJ. You’ll recognize some familiar names (ie., Alito,
Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some
familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t
ops, bribes, etc.). [Did you know this about the following ATF Agents who were
probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan &
Conway LeBleu: Died February 28, 1993 by gunfire at
Waco. All four were examined by a pathologist and died from identical wounds to
the left temple. All four had been body guards for Bill Clinton, three while
campaigning for President and when he was Governor of Arkansas.They also were
the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in that
area of the law with which I am not familiar) .
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- http://www.albertpeia.com/crossexamofcoanbypeia.pdf
] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being inept [ I looked in on the one mob case he had brought,
bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met
outside of court the judge Ackerman through a client) was absolute bedlam
and a total joke since incompetent corrupt Alito brought in all 20 mob
defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once
again that your office has not received the aforesaid and which can reasonably
be presumed to have been tampered with, and hence, a violation of the federal
statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
U.S.
debt news and euro debt agreement fuel rally
Top 3 Reasons Markets Were Up on Hopes for Greece Resolution
Meanwhile, back at the
fraud-farm, ‘your pain their gain’: Morgan
Stanley's trading revenue up; stock soars
John
Bogle Didn't Have All The Data at Forbes
Dutch exposure to Greece and the other PIIGS countries: it
is time to end the bailout madness. | Ernst's Blog
Personal
Consumption Rate Of Growth Down 77% In U.S. Since 2000 at Forbes
Top
3 Reasons Markets Were Up on Hopes for Greece Resolution Wall St.
Cheat Sheet
Stock
ETFs Bleed $1.6 Billion; Large Inflows Seen In Small Cap Fund at
Barrons.com
Banks
Pay Back TARP Funds by… Borrowing From Treasury Yahoo Finance
| Banks repaid cash owed by borrowing from a Treasury-run program.
Oil Prices Rise Reuters
| Oil rose for a third straight session Thursday.
Audit:
Fed gave $16 trillion in emergency loans Stephen C. Webster
| Figures produced by the government’s first-ever audit of the central bank.
S&P
Says Likelihood US Is Downgraded To AA As Soon As Early August Is 50-50 Zero
Hedge | A rather sobering report out from S&P.
Fed
Preparing For US Default Says Plosser Tyler Durden | That
giant whooshing, and humming, sound you hear are all the printers at the
basement of Marriner Eccles getting refills and start the warm up process.
Financial
Terrorism Analysis: How Global Bankers Plunder Nations – Lessons from Greece
Global Research | Greece is, in fact, a microcosm of the
global economy.
Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘…USA Inc. - Balance Sheet If you
think the Income Statement looks bad, you may not want to look at the Balance
Sheet. Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion …’
Existing
home sales slip Sales of existing homes took a slight dip in June while
prices stabilized. (Washington Post) [ See! Who said that not every storm cloud
has a silver lining as ‘the botched paperwork’ debacle ‘delays judgment day’
while giving those purported new homes sales a chance by drying up some
inventory, though but an ephemeral ‘breather’ at best if at all in factual
reality. Why The Dow Will Plunge To 7,000 24/7 Wall St. June 28, 2011 ‘…Housing expert Robert Shiller says home prices could drop
another 10% this year. The ripple effect from a rise in underwater mortgages
will affect everything from bank earnings to consumer credit to consumer
spending. The real estate problem is a drag on the economy and it is one that
will get worse …’ New-home
construction surges in June (Washington Post) [ Riiiiight! One of those
‘all dressed up and no where to go’ pre-election year stats. Given the back-log
in foreclosures, distressed, ‘underwater’ properties, they might literally have
to give them away, fire-sales not excluded. I’d also put these stats (if even
true – I don’t believe anything they say / report, particularly in light of
their desperation, pre-election year, etc.) in the category of: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Stocks
had best day of 2011 They were boosted by a potential breakthrough on debt
and upbeat corporate earnings reports. (Washington Post) [ Take this run-up as
a gift based on fraudulent wall street b***s*** alone and take this opportunity
to sell / take profits / ‘sell today if you missed may and then go away’!
Nothing has been solved; maybe forestalled. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Huge suckers’ rally to keep
the suckers suckered in this market based upon backward looking data discounted
multiple times to the upside (including the apple numbers as recently as last
week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded
QE results, and b***s*** alone. This is an especially great opportunity to sell
/ take profits since there’s much, much worse to come! Why Apple, Google And EBay Will Slash And Burn
Investors IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation) numbers
… reality is much worse!} Meanwhile, the frauds on wall street are churnin’ and
earnin’ like never before at lightning computerized speeds enabling the
high-frequency trades that are commissioned in unprecedented large volumes; a
big net negative in real economic terms.] http://www.albertpeia.com/inflationcalculator.htm
A
‘make or break’ time for Greece, E.U. Brussels summit aims to secure
financing for Greece, build confidence that larger economies will be helped if
necessary. Washington Post) [ Come on! Let’s get real here!
There’ll be no climactic moment when in unison they’ll be ‘high-fivin’ for that
surreal ‘mission accomplished’ (NOT!)
moment made famous by war criminal and failed president dumbya bush. It’s not
their ‘style’; but even if it was, the view that a real and final solution was
actually at hand would be such obvious fantasy so as to court even further
credibility disaster down the road when reality once again rears its familiar
ugly (from their perspective) head. IMF:
Euro is under ‘a shadow’ (Washington Post) [ Wow! You can say that again!
Ok! I will: ‘Euro
is under a shadow’ . Yeah! It
really is … all that … bad for the euro, eu, europe; but, let’s not be
xzenophobic here; pervasively corrupt, defacto bankrupt america’s hand-in-hand
/ hands across the water under the same shadow along with that over-printed
abused paper thing called the u.s. dollar.
Germany
Says It’s Confident EU Will Agree on Greek Debt Plan Bloomberg |
Germany said it’s confident that European leaders will reach agreement on
funding a second Greek bailout. 18
Signs That Global Financial Markets Smell Blood In The Water The Economic Collapse | ‘Can you
smell it? There is blood in the water…’ The
Greater Depression Is Upon Us by David Galland http://www.lewrockwell.com/orig10/galland34.1.html Casey
Research Recently by David Galland: The Road to Perdition ‘The phrase “Greater Depression” was coined by Doug Casey
a decade or so back as a way of describing the economic crisis he foresaw as
inevitable, and which is now materializing.
Because I think it is important for
every organization to constantly challenge its own assumptions, I’ve long acted
as something of a devil’s advocate here at Casey Research. By constantly
pushing our analysts to revisit their assumptions and calculations, it is my
firm intention for us to spot the fork in the road that indicates it is time to
shift strategies away from investments designed to do well in the face of a
currency debasement and to something else.
Being attentive to that fork in the
road is hugely important, because even though we urge our subscribers not to
overdo their exposure to inflation hedges, we recognize that many do. Many a
good person had their clocks cleaned in the early 1980s solely because they had
become overly enamored of their precious metals – so much so that they stopped
thinking of them as an asset class and began thinking of them more in the terms
one might associate with an amorous dinner date. Thus these investors were
utterly unprepared when said date stood up and broke a dinner plate over their
heads.
With that brief setup, I want to make
our views clear: While we correctly anticipated the recent correction in
precious metals, this correction is but a blip in a secular bull market that is
very much intact.
Doug Casey has often said that the
unfolding crisis is going to be even worse than he expects (which is saying
something), and the longer the rest of us at Casey Research study the tea
leaves, it is hard to disagree that the Greater Depression is still ahead.
Consider:
The eurozone is growing increasingly desperate. .. The U.S. debt situation is far worse than anyone
in Washington is willing to admit. .. China’s miracle mirage. .. Japan is essentially offline. .. The
Middle East is in flames. ..
I’m convinced that nearly everything about today’s world is
going to change over the coming decade… much of it for the worse …’
National / World
Big
Sis Spy Story Goes Viral Paul Joseph Watson | The
story is now the number six most read article on the entire Internet.
DHS Video Characterizes White Americans as Most Likely
Terrorists Paul Joseph Watson | Big Sis fear
campaign continues, but Americans are just as likely to be killed by peanut
allergies than they are in terrorist attacks.
Moody’s
Now Threatening Downgrade on 5 U.S. States Wall Street Cheat Sheet
| Moody’s has now issued a new slate of threats to individual states.
Anger
at government highest in 19 years: poll Raw Story |
Dissatisfaction and anger with the federal government are at a nearly 20-year
high.
States
negotiating immunity for banks over foreclosures Reuters |
State AGs negotiating wide immunity for major banks over foreclosure
irregularities.
DHS Video Characterizes White Americans as Most Likely
Terrorists Paul Joseph Watson | Big Sis fear
campaign continues, but Americans are just as likely to be killed by peanut
allergies than they are in terrorist attacks.
Uproar As BBC Muzzles Climate Change Skeptics Daily
Express | Their views will get less coverage because they differ from
mainline scientific opinion.
Big
Sis Spy Story Goes Viral Paul Joseph Watson | The
story is now the number six most read article on the entire Internet.
‘Grand
bargain’ on debt is back on the table President Obama said he would accept
a short-term hike in the debt ceiling if it gave lawmakers time to finalize a
comprehensive deal. (Washington Post) [
New
debt strategy gains support in Senate
President Obama and lawmakers in both parties latch on to a new strategy
for reducing the federal debt, saying an emerging plan to save
$3.7 trillion over the next decade could help break the impasse. Meanwhile,
the House passes a separate balanced-budget bill. Debt
debate not increasing confidence in Congress Republicans
fear default, not Aug. 2 deadline Md.,
Va., warned of risk to credit rating Stocks
up as U.S. default worries ease (Washington Post) [ Well, there you go … if they say it, feel it,
and stocks are up because they say it, feel it … well, it must be true … NOT!
Come on! What’s been solved? $3.7 trillion over a decade, if it happens (very
doubtful), it will bearly cover the interest costs. This is just typical
pre-election year politics that not only solves nothing; but has literally
brought the nation to the precipice and now like lemmings, they leap! Deficit Ceiling
and Stocks - Expect the Unexpected
ETFguide Simon Maierhofer, July 19, 2011, ‘ A
number of cliches come to mind when talking about the U.S. debt situation. The
most appropriate might be: 'You can't have your cake and eat it too.' The least
applicable is probably: 'Never put off until tomorrow what you can do today.'
But if you think
the U.S. will default on some of its obligations anytime soon, you don't have
enough faith in the government's most potent weapon - extend and pretend
(another cliche that's become the modus operandi).
Since 1960,
Congress has acted 78 separate times to permanently raise, temporarily extend,
or revise the definition of the debt limit. Chances are Congress will act again
before the August 2 deadline. That however isn't good news.
By the end of
this article you will know the common sense, no nonsense, deficit ramifications
for the stock market and why even 'a deal' isn't good news.
USA Inc. -
Income Statement
If the United
States was a corporation - USA Inc. - here's what the Income Statement would
look like:
Total federal
spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162
trillion. USA Inc.'s 2010 deficit was $1.294 trillion.
The 2011 federal
budget is $3.7 trillion with a projected deficit of$1.6 trillion. But there's
no reason to despair, just before April 15,Congressional leaders were able to
agree on $39 billion worth of budgetcuts for the remainder of the year.
Senate Majority
Leader Harry Reid hailed this heroic effort as a 'historic' level of cuts. To
quantify just how 'historic' that effort was we'll put it in percentage terms
-1%. The cut amounted to only 1% of the 2011 budget. Apparently it wasn't
enough. Thanks to extend and pretend we've arrived at the next deadline.
Stocks
Applaud ... and Decline
Keep in mind that
back in mid-April when the 'historic' $39 billion cut was hammered out, the
S&P was at about 1,300. Following the 'resolution' of the budget problem
stocks rallied about 5%.
The April 3 ETF
Profit Strategy Newsletter featured the chart below (due to size restrictions
the chart had to be reduced). As per the chart and accompanying analysis, the
Newsletter expected a rally to the next Fibonacci resistance at 1,369, followed
by a bounce off the Fibonacci support at either 1,229 or 1,255 and an attempt
to take out the previous high.
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
This outlook was
based purely on technical analysis with no regard for the deficit problem or
European debt woes (we'll take a look at an updated technical forecast in a
moment). The S&P did top at 1,370 on May 2. Thereafter it dropped to 1,259,
and tried to take out the previous high (the S&P rallied as high as 1,356
on July 7and stumbled thereafter).
USA Inc.
- Balance Sheet
If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion.
The
Deficit and Stocks
When President
Obama took office in January 2009, the federal debt was 70% of GDP or $10
trillion. Today the deficit is close to 100% of GDP at $14.3 trillion. As
per a recent AP report, President Obama had to scroll down his demands and
would now be content with a $2.4 trillion debt ceiling increase to make it last
beyond the 2012 elections.
No doubt, the
President would like the deficit issue put on hold until he's re-elected. It
seems like everyone has an agenda that takes priority over solving the actual
debt issue. The whole game could be summed up as White House budget director
Jack Lew put it: 'That all these ideas do is say let's kick the can down the
road so that others will deal with it.'
This, by the way,
is why the pre-election year of the Presidential election year cycles has seen
gains consistently since 1939, because the incumbent party will do what it
takes to remain in office longer.
A
lose-lose Situation
The drawback of
the deficit situation is that there is no easy way out. The government has to
either cut spending (as in fewer benefits for Americans) or increase revenue
(as in higher taxes).
Pick your poison.
Either choice will kill the economy. Of course, you can extend and pretend,
which is probably what will end up happening. No matter how much lip stick you
have at your disposal, a pig remains a pig. The deficit is a big (red) pig.
What is worse, a
$14.3 trillion deficit today, or a $16+ trillion deficit (according to Obama's
wish) in 2012? Debt is like gangrene, dry rot or mold, it doesn't just go away,
it gets worse (ask Greece, Ireland, Portugal or any of the other PIIGS).
…
There was no
fundamental good news on June 15 or 16. Some of the headlines featured on June
15 were:
'Is the bull
market over? A look at four different sentiment measures suggests that more
pain may await investors.' - Barrons
'Greek default
could trigger chain reaction' - AP
'Confidence is
eroding among U.S. factories, consumers' – Bloomberg …’
18
Signs That Global Financial Markets Smell Blood In The Water The
Economic Collapse ‘… The
following are 18 signs that global financial markets smell blood in the water…
#1 Banks stocks are absolutely getting hammered right
now. Bank of America hit a 52 week low on Monday. Bank
of America shares declined 4 percent to $9.61.#2 So far this year, Bank of America stock is down about 27 percent .#3 Bloomberg is reporting that Bank of America may be forced
to increase its capital cushion by 50 billion dollars .#4 Shares of Goldman Sachs and Morgan Stanley are near two year lows .#5 Shares in Citigroup fell
2.5 percent on Monday.#6 Moody’s recently warned that it may be forced to downgrade
the debt ratings of Bank of America,
Citigroup and Wells Fargo .#7 Barclays Capital, Goldman Sachs, Bank of America, JPMorgan
Chase and Morgan Stanley are all either considering staff cuts or
are already laying workers off.#8 The deputy European director of the International Monetary Fund
says that the Greek debt crisis is “on a knife’s edge “.#9 Moody’s has slashed Ireland’s bond rating all the way to junk status .#10 The yield on 2 year Portuguese bonds is now over 20
percent, the yield on 2 year Irish bonds is now over 23 percent and the yield
on 2 year Greek bonds is now over 35 percent .#11 Shares of Italy’s largest bank dropped by a whopping 6.4% on Monday.#12 On Monday, the yield on 10 year Italian bonds was the highest it has been since the euro was
adopted.#13 On Monday, the yield on 10 year Spanish bonds was
also the highest it has been
since the euro was adopted.#14 Shares of Germany’s largest bank fell by a staggering 7% on Monday and are
down a total of 22% so far this month.#15 Citigroup’s chief economist, William Buiter, says that
without direct intervention by the ECB there
is going to be a wave of sovereign defaults across Europe…. “Nothing stands
in the way of multiple sovereign defaults except the ECB: they are the only
game in town, there is nothing else” #16 Cisco has announced plans to axe 16 percent of its workers#17 Borders Group has announced that it will be
liquidating all remaining assets .
That means that 399 stores will be closed and 10,700 workers will lose their
jobs.#18 During times of great crisis, many investors seek safe
havens for their money. On Monday, the price of gold shot past $1600 an ounce …’
SEC
rejects suggestion to settle case with CEO who wasn’t charged It was the first time the SEC had filed a
so-called clawback suit to wrest money from an executive who was not accused of
complicity in accounting fraud Mich.
man accused of insider trading (Washington Post) [ Boy! Talk about traveling as far as possible
‘from the action’ for a case in the millions, when they could literally set up
shop on wall street for a panoply of securities fraud cases in the trillions.
It’s not only that so few people have faith in the so-called pervasively
corrupt, defacto bankrupt american system anymore; but rather, it’s outlandish
that the cogs in the broken american wheel even expect that the public should
have faith in the corrupt, broken american ‘system’. After all, they truly
spend more time and resources covering up and working around what should be
their focus; viz., the big cases which were / are truly instrumental in the
prior / ongoing financial meltdown / crisis which resulted in huge profits /
gains for the perpetrators. This is not to say they shouldn’t bring the small
cases; but, ignoring the big cases owing to typical corrupt, venal motives is
inexcusable. What a lost nation! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer)
is one of those typically with a ‘pre or post’ arrangement, whether implicit or
explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt,
defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman . Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Though having but 5% of the world’s population, the u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Milbank:
Congress is now middle school ‘Anew
Washington
Post-ABC News poll finds that 80 percent of Americans are dissatisfied with
the way the federal government is working. Such a finding leads to an
inevitable conclusion: The other 20 percent aren’t paying attention … Ah, sweet
Mr. Milbank. Who said he gets things wrong? Middle school? From Gipper (I
always hated that trite reference to Reagan – and again, let me reiterate that
though I liked Reagan as a very likeable guy, the last real american leader /
president was the underrated but great President General Eisenhower who warned
of the current debacle called america in the sense of admonishing of the danger
inherent to the now entrenched ‘military industrio-inferiority complex’) to
graduation, perma-wobama apologist Mr. Milbank has come a long way; but, a pile
of b***s*** in the form of ‘wobama the b’ stands intractably in his way, no
matter what. Because … ? You can’t change what lamentably wobama is and has proven himself to be. If only he
had done what he promised he would do (those false campaign promises which got
him elected). But alas, as in the moral of the story of the ‘scorpion and the
frog’, you cannot change the nature of that cowardly, failed ‘president’ called
‘wobama the b’. (Washington Post) [The
new party of Reagan The Gipper helps make the case for Democrats.
(Washington Post) [ ‘Well there you go again’ quoting the ‘Gipper’, off the
deep end as one might expect from wobama apologist Mr. Milbank (he’s somewhat
of a lemming himself). After all, how different really are the parties these
days when profligate spending on illegal, unnecessary wars was continued when
democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Preposterous! Especially since Reagan’s most significant achievement
was his rational approach toward Russia (with of course the substantial help of
the astute Gorbachev) toward the ameliorative goal of peace and consequent
peace dividend which enabled a ‘smooth-sailing’ though undeserved tenure for
ultimately clinton (cia man ‘poppy the sailor man’ bush was already working on
stirring up war / military industrial complex matters in the Mideast – that
April Glaspie/cia/Iraq/Kuwait communiqué to sadam and the consequent debacle,
etc.). Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’? I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these principled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan |
..bush prepared to invade Iraq in 2002..likely cost would be $60 billion, said
Mitch Daniels of the OMB..finance the war with Iraqi oil,said Wolfowitz..the
cost of the Iraq War? It has passed $1 trillion..’, etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate themselves
before the senate and confess (don’t hold your breath), quite simply in large
part the reason is that ultimately it’s much easier to steal when in control of
the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone missing,
etc.). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom,
freedom generally did they come to these shores. A rare exception to the influx
of immigrants to this young nation who turned out to be more a virus to the
indigenous peoples of this land than what could have been expected from those
of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so
positioned abroad would have represented a positive addition to the gene pool
which, borrowing from an insurance term, viz., adverse selection, springs forth
the notion of inevitability to the genocide of the indigenous populations while
guaranteeing the decline we see throughout this foundering nation. The effects
of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc.,
are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Stocks
had best day of 2011 They were boosted by a potential breakthrough on debt
and upbeat corporate earnings reports. (Washington Post) [ Take this run-up as
a gift based on fraudulent wall street b***s*** alone and take this opportunity
to sell / take profits / ‘sell today if you missed may and then go away’!
Nothing has been solved; maybe forestalled. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Huge suckers’ rally to keep
the suckers suckered in this market based upon backward looking data discounted
multiple times to the upside (including the apple numbers as recently as last
week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded
QE results, and b***s*** alone. This is an especially great opportunity to sell
/ take profits since there’s much, much worse to come! Why Apple,
Google And EBay Will Slash And Burn Investors IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are churnin’
and earnin’ like never before at lightning computerized speeds enabling the
high-frequency trades that are commissioned in unprecedented large volumes; a
big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
New-home
construction surges in June (Washington Post) [ Riiiiight! One of those
‘all dressed up and no where to go’ pre-election year stats. Given the back-log
in foreclosures, distressed, ‘underwater’ properties, they might literally have
to give them away, fire-sales not excluded. I’d also put these stats (if even
true – I don’t believe anything they say / report, particularly in light of
their desperation, pre-election year, etc.) in the category of: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious “adjustment”
as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Bert Dohmen is editor of the Wellington
Letter
IMF:
Euro is under ‘a shadow’ (Washington Post) [ Wow! You can say that again!
Ok! I will: ‘Euro
is under a shadow’ . Yeah! It
really is … all that … bad for the euro, eu, europe; but, let’s not be
xzenophobic here; pervasively corrupt, defacto bankrupt america’s hand-in-hand
/ hands across the water under the same shadow along with that over-printed
abused paper thing called the u.s. dollar.
Germany
Says It’s Confident EU Will Agree on Greek Debt Plan Bloomberg |
Germany said it’s confident that European leaders will reach agreement on
funding a second Greek bailout. 18
Signs That Global Financial Markets Smell Blood In The Water The Economic Collapse | ‘Can you
smell it? There is blood in the water…’ The
Greater Depression Is Upon Us by David Galland http://www.lewrockwell.com/orig10/galland34.1.html Casey
Research Recently by David Galland: The Road to Perdition ‘The phrase “Greater Depression” was coined by Doug Casey
a decade or so back as a way of describing the economic crisis he foresaw as
inevitable, and which is now materializing.
Because I think it is important for
every organization to constantly challenge its own assumptions, I’ve long acted
as something of a devil’s advocate here at Casey Research. By constantly
pushing our analysts to revisit their assumptions and calculations, it is my
firm intention for us to spot the fork in the road that indicates it is time to
shift strategies away from investments designed to do well in the face of a
currency debasement and to something else.
Being attentive to that fork in the
road is hugely important, because even though we urge our subscribers not to
overdo their exposure to inflation hedges, we recognize that many do. Many a
good person had their clocks cleaned in the early 1980s solely because they had
become overly enamored of their precious metals – so much so that they stopped
thinking of them as an asset class and began thinking of them more in the terms
one might associate with an amorous dinner date. Thus these investors were
utterly unprepared when said date stood up and broke a dinner plate over their
heads.
With that brief setup, I want to make
our views clear: While we correctly anticipated the recent correction in
precious metals, this correction is but a blip in a secular bull market that is
very much intact.
Doug Casey has often said that the
unfolding crisis is going to be even worse than he expects (which is saying
something), and the longer the rest of us at Casey Research study the tea
leaves, it is hard to disagree that the Greater Depression is still ahead.
Consider:
The eurozone is growing increasingly desperate. .. The U.S. debt situation is far worse than anyone
in Washington is willing to admit. .. China’s miracle mirage. .. Japan is essentially offline. .. The
Middle East is in flames. ..
I’m convinced that nearly everything about today’s world is
going to change over the coming decade… much of it for the worse …’
Why Apple,
Google And EBay Will Slash And Burn Investors
[$$] Time to Pluck Apple?
Don't
Count on Social Security at Motley Fool ‘ President Obama
recently warned that Social Security checks were not guaranteed to be paid in
the event the debt ceiling does not get raised before August 3. Regardless of
whether he meant it -- or if it was mere political posturing -- it underscores
yet another problem with the Social Security system: It's not your money.
When all is
said and done, your projected Social Security benefits are simply not
your property. The Supreme Court has twice ruled that, in fact. You're simply
assessed a tax based on your income and then may get something back in
the form of a payment, should you live long enough and/or otherwise qualify --
and if funding remains available.
Add it to
the list
... but you also need to worry about whether your
benefits will be cut simply because of politics. The lesson in this is
abundantly clear: Don't count on Social Security. Absent significant changes, its
own trustees doubt its long-term solvency, and as the President warned, the benefits
may be at risk as soon as next month .
Invest your money in your future
Save enough extra of your own assets to
cover your anticipated income gap. Reassess your anticipated costs of living to
determine what you can live without.
How much you need to replace depends on your specific
circumstances, of course. For the sake of discussion, though, the average
Social Security retiree received $1,181.59 this month, or an annualized rate of
$14,179.08. If you believe the Trustees' version of the future, once the Trust
Fund expires, Social Security will continue to pay out about three-quarters of
its expected benefits.
In that scenario, the average retiree would need to
cover around an additional $3,544.77 per year, inflation adjusted from today's
dollars to their actual date of retirement. Based on the 4%
rule , it means you'll need to save around an additional $88,619.25 in
today's dollars to cover for Social Security's expected long-run shortfall…’
Intel pulls back PC market outlook, shares slide SAN FRANCISCO (Reuters) - Intel Corp trimmed its
forecast for 2011 personal computer unit sales, warning of softness in mature
markets and sending its shares more than 1 percent lower.
Raising
The Debt Ceiling Is Just Kicking The Can Further Down The Road at
Forbes
Top 3 Reasons Markets Were Down After Yesterday’s Rally Wall St. Cheat Sheet, July 20, 2011,
Markets closed
down on Wall Street today: Dow -0.12% , S&P -0.14% , Nasdaq -0.43% , Oil
+0.60% , Gold +0.21% .
On the
commodities front, Oil climbed to $98.45. Precious metals were also up
today, with Gold climbing to $1,600.20 an ounce while Silver gaining 1.19% to
just break $40 an ounce.
Don’t
Miss: Why
is China Telling the U.S. How to Handle its Debt?
Today’s
markets were down because:
1) Debt debate
. Investors weren’t so much wary of the markets as they were distracted,
resulting in a rather ho-hum day of trading. While the
Gang of Six plan introduced in the Senate yesterday is gaining steam, so is
the Cut, Cap and Balance Act, which was pushed through the House by the Tea
Party. The act was passed by the Republican majority in the House, but won’t
make it through the Democrat-dominated Senate, while the Gang of Six plan,
technically bipartisan, has a better chance of being passed by the Senate than
the House. And in the meantime, we’re another day closer to the Treasury’s
August 2 deadline and still no debt ceiling deal.
2) Yesterday’s
rally . After all three major indices posted huge gains, including the Dow ,
which had its biggest one-day rally of the year on Tuesday, markets were bound
to slump as investors fell back down to reality. Existing
home sales slipped in June and traders took profits. Still, today’s minor
losses only give back a fraction of yesterday’s gains.
3) Apple.
After releasing its earnings report yesterday, Apple’s stock bounced, closing
today up 2.67%, making it one of the biggest gainers on the Nasdaq.
Unfortunately, one tech company’s good news is another’s bad. Competitors
Microsoft , Hewlett-Packard , and Google all closed out the day well into the
red…’
US
Economy Literally Making People Physically Sick at Minyanville
“Robo-Signing”
Fraud Continues — Surprise! USA Watchdog | 14 of the
biggest banks promised regulators they’d stop robo-signing documents…
Borders,
2nd Largest Chain Bookstore, Forced to Close All Stores WSJ
| Borders, the second-largest U.S. bookstore chain, said it would liquidate and
close all stores.
Too
Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets Economic
Collapse | In 2008, people were told that the largest banks in the
U.S. were “too big to fail.”
Postmaster
says days are numbered for Saturday mail delivery USA Today
| Mail carriers have been making rounds six days a week since the 19th century.
We’re
On Track For Record-Low Housing Completions In 2011 Calculated Risk
| As I mentioned earlier, the U.S. is on pace for a record low number
of multifamily completions in 2011.
A
Few Years From Now You’re Going To Wake Up With A Bunch Of New Taxes Bruce
Krasting | We’re coming down to the wire on the debt limit.
Obama
struggles to get Wall Street funding Financial Times | Mr
Obama’s haul dwarfed the $34m collectively pulled in by the Republican
candidates, but he lagged in one sector – finance.
ECONOMIC CRISIS ARCHIVE
National / World
Man’s
call for Obama assassination is free speech, not crime, court rules LA
Times | A divided panel of the U.S. 9th Circuit Court of Appeals
overturned that conviction Tuesday.
Bohemian
Grove Mystery Russia Today | RT’s Kristine Frazao
takes a closer look at Bohemian Grove 2011.
US Spy Drone Shot Down by Iran FARS
| The official stated that the US drone was on a mission to identify the
location of the Fordo nuclear enrichment plant.
Unemployed
Welfare Mom Tries to Sell Baby at Taco Bell New York Daily News
New
debt strategy gains support in Senate
President Obama and lawmakers in both parties latch on to a new strategy
for reducing the federal debt, saying an emerging plan to save
$3.7 trillion over the next decade could help break the impasse.
Meanwhile, the House passes a separate balanced-budget bill. Debt
debate not increasing confidence in Congress Republicans
fear default, not Aug. 2 deadline Md.,
Va., warned of risk to credit rating Stocks
up as U.S. default worries ease (Washington Post) [ Well, there you go … if they say it, feel it,
and stocks are up because they say it, feel it … well, it must be true … NOT!
Come on! What’s been solved? $3.7 trillion over a decade, if it happens (very
doubtful), it will bearly cover the interest costs. This is just typical pre-election
year politics that not only solves nothing; but has literally brought the
nation to the precipice and now like lemmings, they leap! Deficit Ceiling
and Stocks - Expect the Unexpected
ETFguide Simon Maierhofer, July 19, 2011, ‘ A
number of cliches come to mind when talking about the U.S. debt situation. The
most appropriate might be: 'You can't have your cake and eat it too.' The least
applicable is probably: 'Never put off until tomorrow what you can do today.'
But if you think
the U.S. will default on some of its obligations anytime soon, you don't have
enough faith in the government's most potent weapon - extend and pretend
(another cliche that's become the modus operandi).
Since 1960,
Congress has acted 78 separate times to permanently raise, temporarily extend,
or revise the definition of the debt limit. Chances are Congress will act again
before the August 2 deadline. That however isn't good news.
By the end of
this article you will know the common sense, no nonsense, deficit ramifications
for the stock market and why even 'a deal' isn't good news.
USA Inc.
- Income Statement
If the United
States was a corporation - USA Inc. - here's what the Income Statement would
look like:
Total federal
spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162
trillion. USA Inc.'s 2010 deficit was $1.294 trillion.
The 2011 federal
budget is $3.7 trillion with a projected deficit of$1.6 trillion. But there's
no reason to despair, just before April 15,Congressional leaders were able to
agree on $39 billion worth of budgetcuts for the remainder of the year.
Senate Majority
Leader Harry Reid hailed this heroic effort as a 'historic' level of cuts. To
quantify just how 'historic' that effort was we'll put it in percentage terms
-1%. The cut amounted to only 1% of the 2011 budget. Apparently it wasn't
enough. Thanks to extend and pretend we've arrived at the next deadline.
Stocks
Applaud ... and Decline
Keep in mind that
back in mid-April when the 'historic' $39 billion cut was hammered out, the
S&P was at about 1,300. Following the 'resolution' of the budget problem
stocks rallied about 5%.
The April 3 ETF
Profit Strategy Newsletter featured the chart below (due to size restrictions
the chart had to be reduced). As per the chart and accompanying analysis, the
Newsletter expected a rally to the next Fibonacci resistance at 1,369, followed
by a bounce off the Fibonacci support at either 1,229 or 1,255 and an attempt
to take out the previous high.
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
This outlook was
based purely on technical analysis with no regard for the deficit problem or
European debt woes (we'll take a look at an updated technical forecast in a
moment). The S&P did top at 1,370 on May 2. Thereafter it dropped to 1,259,
and tried to take out the previous high (the S&P rallied as high as 1,356
on July 7and stumbled thereafter).
USA Inc.
- Balance Sheet
If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion.
The
Deficit and Stocks
When President
Obama took office in January 2009, the federal debt was 70% of GDP or $10 trillion.
Today the deficit is close to 100% of GDP at $14.3 trillion. As per a
recent AP report, President Obama had to scroll down his demands and would now
be content with a $2.4 trillion debt ceiling increase to make it last beyond
the 2012 elections.
No doubt, the
President would like the deficit issue put on hold until he's re-elected. It
seems like everyone has an agenda that takes priority over solving the actual
debt issue. The whole game could be summed up as White House budget director
Jack Lew put it: 'That all these ideas do is say let's kick the can down the
road so that others will deal with it.'
This, by the way,
is why the pre-election year of the Presidential election year cycles has seen
gains consistently since 1939, because the incumbent party will do what it
takes to remain in office longer.
A
lose-lose Situation
The drawback of
the deficit situation is that there is no easy way out. The government has to
either cut spending (as in fewer benefits for Americans) or increase revenue
(as in higher taxes).
Pick your poison.
Either choice will kill the economy. Of course, you can extend and pretend,
which is probably what will end up happening. No matter how much lip stick you
have at your disposal, a pig remains a pig. The deficit is a big (red) pig.
What is worse, a
$14.3 trillion deficit today, or a $16+ trillion deficit (according to Obama's
wish) in 2012? Debt is like gangrene, dry rot or mold, it doesn't just go away,
it gets worse (ask Greece, Ireland, Portugal or any of the other PIIGS).
…
There was no
fundamental good news on June 15 or 16. Some of the headlines featured on June
15 were:
'Is the bull
market over? A look at four different sentiment measures suggests that more
pain may await investors.' - Barrons
'Greek default
could trigger chain reaction' - AP
'Confidence is
eroding among U.S. factories, consumers' – Bloomberg …’
18
Signs That Global Financial Markets Smell Blood In The Water The
Economic Collapse ‘… The
following are 18 signs that global financial markets smell blood in the water…
#1 Banks stocks are absolutely getting hammered right
now. Bank of America hit a 52 week low on Monday. Bank
of America shares declined 4 percent to $9.61.#2 So far this year, Bank of America stock is down about 27 percent .#3 Bloomberg is reporting that Bank of America may be forced
to increase its capital cushion by 50 billion dollars .#4 Shares of Goldman Sachs and Morgan Stanley are near two year lows .#5 Shares in Citigroup fell
2.5 percent on Monday.#6 Moody’s recently warned that it may be forced to downgrade
the debt ratings of Bank of America,
Citigroup and Wells Fargo .#7 Barclays Capital, Goldman Sachs, Bank of America, JPMorgan
Chase and Morgan Stanley are all either considering staff cuts or
are already laying workers off.#8 The deputy European director of the International Monetary
Fund says that the Greek debt crisis is “on a knife’s edge “.#9 Moody’s has slashed Ireland’s bond rating all the way to junk status .#10 The yield on 2 year Portuguese bonds is now over 20
percent, the yield on 2 year Irish bonds is now over 23 percent and the yield
on 2 year Greek bonds is now over 35 percent .#11 Shares of Italy’s largest bank dropped by a whopping 6.4% on Monday.#12 On Monday, the yield on 10 year Italian bonds was the highest it has been since the euro was
adopted.#13 On Monday, the yield on 10 year Spanish bonds was
also the highest it has been
since the euro was adopted.#14 Shares of Germany’s largest bank fell by a staggering 7% on Monday and are
down a total of 22% so far this month.#15 Citigroup’s chief economist, William Buiter, says that
without direct intervention by the ECB there
is going to be a wave of sovereign defaults across Europe…. “Nothing stands
in the way of multiple sovereign defaults except the ECB: they are the only
game in town, there is nothing else” #16 Cisco has announced plans to axe 16 percent of its workers#17 Borders Group has announced that it will be
liquidating all remaining assets .
That means that 399 stores will be closed and 10,700 workers will lose their
jobs.#18 During times of great crisis, many investors seek safe
havens for their money. On Monday, the price of gold shot past $1600 an ounce …’
The
new party of Reagan The Gipper helps make the case for Democrats.
(Washington Post) [ ‘Well there you go again’ quoting the ‘Gipper’, off the
deep end as one might expect from wobama apologist Mr. Milbank (he’s somewhat
of a lemming himself). After all, how different really are the parties these
days when profligate spending on illegal, unnecessary wars was continued when
democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Preposterous! Especially since Reagan’s most significant achievement
was his rational approach toward Russia (with of course the substantial help of
the astute Gorbachev) toward the ameliorative goal of peace and consequent
peace dividend which enabled a ‘smooth-sailing’ though undeserved tenure for
ultimately clinton (cia man ‘poppy the sailor man’ bush was already working on
stirring up war / military industrial complex matters in the Mideast – that
April Glaspie/cia/Iraq/Kuwait communiqué to sadam and the consequent debacle,
etc.). Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’? I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these principled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan |
..bush prepared to invade Iraq in 2002..likely cost would be $60 billion, said
Mitch Daniels of the OMB..finance the war with Iraqi oil,said Wolfowitz..the
cost of the Iraq War? It has passed $1 trillion..’, etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
20 Signs That The Fabric Of American Society Is Coming
Apart At The Seams The
American Dream | Most
people agree that there is something fundamentally wrong with America. There is
wild disagreement about what is causing it, but what most people can agree on
is that there is something fundamentally wrong with America. The fabric
of American society just does not seem to be as strong as it used to. In
fact, many would argue that society is coming apart at the seams. Corruption
and decay seem to be everywhere. I spend a lot of time in my other
articles blaming a lot of this corruption and decay on politicians, bureaucrats
and business leaders, but the reality is that they are only part of the
story. The truth is that those who are leading us are a reflection of
what we have become as a nation. If you got rid of all of our corrupt
leaders that would not suddenly “fix” this country. Millions of ordinary
Americans have become deeply corrupt as well. The kinds of things that
you are about to read about below were very rare in past generations.
Society is falling apart all around us and we haven’t even seen the complete
collapse of the U.S. economy yet. A lot of people like to blame the
increasingly bizarre behavior of the American people on the economy, but the
reality is that things are not nearly as bad as they are eventually going to
be. Yes, the U.S. “Misery Index” recently hit a 28 year high .Unemployment is rampant
The following are
20 signs that the fabric of American society is coming apart at the seams…..
#1 A 17-year-old Florida teen is being accused of killing his
parents with a hammer , hiding their bodies in the master bedroom, and then
inviting dozens of people over for a massive house party.
#2 What is it with 17-year-olds? Another
17-year-old has been charged with putting a plastic bag over the head of his
mother and choking her to death
with a belt . His two brothers just stood by and watched while this
happened. Apparently the 17-year-old was infuriated because his mother
wanted them to play a game of Yahtzee with her.
#3 The largest school cheating scandal in the history
of the United States was recently uncovered in the Atlanta area. Dozens
of teachers and principles were involved according
to a recently released 413 page report ….
More than three quarters of the 56 schools
investigated cheated on a 2009 standardized state test, with 178 educators
implicated, including 38 principals. Eighty-two teachers confessed to erasing
students’ answers and correcting tests. The report says widespread cheating has
occurred since at least 2001 and that orders to cheat came from the top.
#4 A
Vancouver, Washington woman has been charged with trying to sell her newborn
baby in
front of a Taco Bell . Apparently she was hoping to get somewhere
between $500 and $5000 for the baby.
#5 In
the United States today, if you don’t show cops “proper respect” there is a
good chance that you are going to get tazed. Just check out this disturbing video of an
incident that recently happened in Alabama.
#6 A
48-year-old woman in California was recently arrested after she drugged her
husband, chopped off his manhood and threw it
into the garbage disposal .
#7 In
the Dallas area, five people (including a pregnant woman) were trampled
while lying on the ground as thousands of desperate people madly dashed to
get into line to get on a waiting list for rental assistance vouchers.
#8 A
35-year-old New York man that has been charged with “kidnapping,
killing and dismembering an 8-year-old boy ” says that he “hears voices” and
he has been ordered to undergo a psychological evaluation.
#9
There has been a rash of car robberies in the Atlanta area recently. Just
a couple of nights ago, more than 30 cars were broken
into in a single night in south Buckhead.
#10
All over the United States this summer, thieves are stealing just
about anything they can get their hands on . People are stealing air
conditioners, copper wiring, restaurant furniture, metal drain covers and even
hair extensions.
#11
In Woodstock, Georgia a 61-year-old man reportedly promised to give a
17-year-old boy money if he would do certain “things” for the man. Well,
it turns out that the 61-year-old man ended up setting the teen on fire ….
A 61-year-old man has been arrested on charges
of aggravated battery, cruelty to children, false imprisonment, and
solicitation of sodomy after he set a 17-year-old boy on fire in Woodstock.
#12
In Washington state, a 23-year-old woman is accused of dumping her newborn
baby into a trashcan at the
hospital. When a nurse finally found the plastic bag with the baby boy inside
of it, the child was blue in the face from a lack of oxygen. Fortunately,
the baby survived the ordeal.
#13
In another story from Washington state, a man that is being charged with
producing child porn is being allowed to watch that porn all he wants while he
is in prison because he is acting as his own lawyer and needs to have “access to the evidence “….
So because he’s acting as his own lawyer, he gets
full access to the evidence against him. Which means that as he prepares for
trial, a private room has been set up in the jail where Gilbert can watch the
full 30-hour archives of his own child porn collection.
#14
The National Retail Federation says that “inventory loss” for retail storeswas up 11% last year .
Most of the “inventory loss” is attributed to such things as shoplifting and
employee theft.
#15
In Minnesota recently, a mob of teen girls brutally pummeled a mother and her
two daughters until they were black
and blue . Apparently the mob of teen girls was enraged over a pair of
missing sunglasses.
#16
One of the hot new trends for young males is to play the “knockout game “. In this “game”,
a group of young men picks out an innocent bystander and the first one to knock
that person out is the “winner”.
#17
Prior to 2011, most Americans had never even heard of “mob robberies “. Today, they
have made headline news all over the nation.
#18
In the San Francisco area recently, fire crews and police just stood on the shore and watched
as a suicidal 50-year-old man slowly drowned to death in the San Francisco Bay.
#19
Meanwhile, the federal government continues to waste money on some of the most
bizarre things imaginable. For example, the federal government actually
gave money to the National Institutes of Health to study the effect that the
size of “a
certain part of the body ” has on the sex lives of gay men. Can anyone
think of a reason why the federal government would want to throw money away on
such frivolous studies when millions of Americans can’t even find jobs right
now?
#20
Many believe that a big reason for all of this chaos in America today is the
decline of the American family. In 1960, married couples accounted for 75
percent of all households in America. Today, they account for just 48 percent of all
households.
Whatever your political or religious philosophy is,
hopefully you can agree that America is in trouble. Every single day,
there are more shocking revelations about the corruption and the decay that are
spreading throughout this nation.
Sadly, instead of coming together to work on some
solutions to our growing problems, Americans are becoming more divided than
ever.
The mainstream media teaches us that our “opponents”
are those that belong to political, social or religious groups that are
different from our own. They love to divide us and play us off against
each other. Everywhere you look in America, hate is growing.
But hatred is never the answer. Yes, we should
always stand up for what we believe is right, but we can do that and still love
one another at the same time.
Unfortunately, as America continues to come apart at
the seams we are probably going to see this country become even more divided.
United we stand, divided we fall – you make the call
America.’
Borders,
2nd Largest Chain Bookstore, Forced to Close All Stores WSJ
| Borders, the second-largest U.S. bookstore chain, said it would liquidate and
close all stores.
Too
Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets Economic
Collapse | In 2008, people were told that the largest banks in the
U.S. were “too big to fail.”
6 Steps
by the IMF for a One-World Currency Brandon Smith | The
concept of a global currency is often spoken of only with an atmosphere of
caution.
Obama
struggles to get Wall Street funding Financial Times | Mr
Obama’s haul dwarfed the $34m collectively pulled in by the Republican
candidates, but he lagged in one sector – finance.
Germany
Says It’s Confident EU Will Agree on Greek Debt Plan Bloomberg |
Germany said it’s confident that European leaders will reach agreement on
funding a second Greek bailout.
18
Signs That Global Financial Markets Smell Blood In The Water The
Economic Collapse | ‘Can you smell it? There is blood in the
water. Global financial markets are in turmoil. Banking stocks are
getting slaughtered right now. European bond yields are absolutely
soaring. Major corporations are announcing huge layoffs. The entire
global financial system appears to be racing toward another major crisis.
So could we potentially see a repeat of 2008? Sadly, when the next big
financial crisis happens it might be worse than 2008. Back in the middle
of 2008, the U.S. national debt was less than 10 trillion dollars. Today
it is over 14 trillion dollars. Back in 2008, none of the countries in the EU
were on the verge of financial collapse. Today, several of them
are. This time if the global financial system starts falling apart the
big governments around the world are not going to be able to do nearly as much
to support it. That is why what is happening right now is so
alarming. As signs of weakness spread, the short sellers and the
speculators are starting to circle. They can smell the money.Back in
2008, bank stocks led the decline. Today, that appears to be happening
again. The “too big to fail ” banks are getting absolutely
pummeled right now. Most people don’t have much sympathy for the
banksters, but if we do see a repeat of 2008 they are going to be cutting off
credit and begging for massive bailouts once again, and that would not be good
news for the economy.In Europe, the EU sovereign debt crisis just seems to get worse
by the day. Bond yields for the PIIGS are going haywire. The higher
the yields go, the worse the crisis is going to get…
The following
are 18 signs that global financial markets smell blood in the water…
#1 Banks stocks are absolutely getting hammered right
now. Bank of America hit a 52 week low on Monday. Bank
of America shares declined 4 percent to $9.61.#2 So far this year, Bank of America stock is down about 27 percent .#3 Bloomberg is reporting that Bank of America may be forced
to increase its capital cushion by 50 billion dollars .#4 Shares of Goldman Sachs and Morgan Stanley are near two year lows .#5 Shares in Citigroup fell
2.5 percent on Monday.#6 Moody’s recently warned that it may be forced to downgrade
the debt ratings of Bank of America,
Citigroup and Wells Fargo .#7 Barclays Capital, Goldman Sachs, Bank of America, JPMorgan
Chase and Morgan Stanley are all either considering staff cuts or
are already laying workers off.#8 The deputy European director of the International Monetary
Fund says that the Greek debt crisis is “on a knife’s edge “.#9 Moody’s has slashed Ireland’s bond rating all the way to junk status .#10 The yield on 2 year Portuguese bonds is now over 20
percent, the yield on 2 year Irish bonds is now over 23 percent and the yield
on 2 year Greek bonds is now over 35 percent .#11 Shares of Italy’s largest bank dropped by a whopping 6.4% on Monday.#12 On Monday, the yield on 10 year Italian bonds was the highest it has been since the euro was
adopted.#13 On Monday, the yield on 10 year Spanish bonds was also the highest it has been
since the euro was adopted.#14 Shares of Germany’s largest bank fell by a staggering 7% on Monday and are
down a total of 22% so far this month.#15 Citigroup’s chief economist, William Buiter, says that
without direct intervention by the ECB there
is going to be a wave of sovereign defaults across Europe….“Nothing
stands in the way of multiple sovereign defaults except the ECB: they are the
only game in town, there is nothing else” #16 Cisco has announced plans to axe 16 percent of its workers#17 Borders Group has announced that it will be
liquidating all remaining assets .
That means that 399 stores will be closed and 10,700 workers will lose their
jobs.#18 During times of great crisis, many investors seek safe
havens for their money. On Monday, the price of gold shot past $1600 an ounce …’
Ron
Paul: The Federal Reserve is Defaulting on the American People Washington’s
Blog | Politicians need to understand that without real change default
is inevitable.
National / World
David Beckham Vs The New World Order Paul
Joseph Watson | Parasites like David Rockefeller and Prince Charles
should do their bit to solve overpopulation.
Mass Murder Merger: Petraeus Moves to CIA Kurt
Nimmo | Petraeus will manage a darker, more secret phase of so-called
war on terror.
Alex Jones On Bohemian Grove 2011 Agenda RT
| While the US is struggling to find a solution on the debt ceiling,
the country’s elite seems to be not so concerned.
Alex Jones On Bohemian Grove 2011 Agenda RT
| While the US is struggling to find a solution on the debt ceiling,
the country’s elite seems to be not so concerned.
Thank You for Your
Service? Laurence M. Vance
| It is without question that Americans are in love with the military. [
Interestingly, Mr. Vance does not seem to quibble with the bloated,
self-perpetuating military costs despite the defacto bankruptcy of the nation.
Moreover, I think he cuts them a break in not discussing that many, the ranks
of which include felons, etc., really have nothing better nor more productive
to do with their time (and learning to use ‘tools of the trade’, ie., weaponry,
guns, etc., might be prospectively
useful since america sports the highest crime rates by far of the so-called
developed nations, and not for law enforcement either, although law enforcement
would be a very sparce and limited exception to the decidedly negative aspect
involved here). The foregoing said, I do not have antipathy for them; but
rather only for their current misguided mission and purpose which, of course,
is out of their hands entirely. Indeed, I even empathize with those who bought
into the propaganda; notably, ie., Pat Tillman, etc., who belatedly learned of
‘the dupe’ and was fragged for it. In fact, I almost fell prey to the same
progpaganda campaign during the Vietnam War, having lost some friends in action
there I was about to leave my freshman year at NYU for an appointment at West
Point (from the stories I would not go over there as a grunt) which I had
secured despite my exemption; and wisely, thankfully ultimately decided against
it (for reasons beyond the scope of this writing). I think what’s telling though
not mentioned in the article is how military, the industrial complex and
attendant propaganda has succeeded (coup d’etat/JFK assassination, or defacto
coup d’etat) in making a clear negative appear positive. But, I also believe
with few exceptions, it’s the inherently criminal nature of americans generally
that explains aforementioned phenomenon as well as america’s love affair with
and lore of criminals of all stripes; viz., jesse james, billy the kid, butch
cassidy and the sundance kid, bonnie and clyde, mafia / rappers / gang members,
etc.. ]
Europe
see U.S. debt crisis as a threat Washington’s deadlock increasingly
threatens to strike another blow to Europe’s ailing financial system.
(Washington Post) [ Duh! Ya think? Really, I’ve truly lost all of whatever
respect I had for europe. After all, they have wholeheartedly and with open
eyes, self-destructively jumped on board the american-crazy-train. It’s truly a
shame because the result could have been far different in the most positive
sense; yet, it’s difficult to imagine that they were too blind to see it. There
have been numerous, rational admonitions against so doing (lies, injustice, the
american way). Over-reliance upon central banks and the ‘no-recession-fed’
particularly has also played a substantial role in this global debacle. Fed
Can Manipulate Markets, But Can't Reverse Economy at
Minyanville Toby Connor Jul
11, 2011 ‘I believe that we have begun the topping process of this cyclical
bull market [ in this secular bear market ]. In a healthy market an
intermediate decline is a profit-taking event after a significant leg up. It
should hold well above the prior intermediate bottom. The decline into the June
low was not a profit-taking event. The market had not rallied long enough or
far enough to warrant an intermediate correction and certainly not one that
would test the March lows. The decline in May and June was the first shot
across the bow that something was wrong with the fundamentals driving this
market. http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG
Click
to enlarge
Gloomy
consumers cast dark cloud over economy
Housing Woes to Cause Recession in 2012, Says Gary
Shilling
World
Bank chief blasts U.S. on trade Robert Zoellick launches a blunt critique
of the Obama administration’s approach.
(Washington Post) [ What approach? Obfuscating, backroom deals to get
through the election while solving nothing? Credit-rating
firms loom over debt debate Despite a behind-the-scenes campaign by the
White House to keep the nation’s major credit-ratings companies from
threatening to downgrade the U.S., the firms have issued default warnings
anyway. (Washington Post) [ Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan |
..bush prepared to invade Iraq in 2002..likely cost would be $60 billion, said
Mitch Daniels of the OMB..finance the war with Iraqi oil,said Wolfowitz..the
cost of the Iraq War? It has passed $1 trillion..’, etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Debt
and American pessimism (Washington
Post) [ If it was only just debt, there’d reason and room for hope. 16 Reasons To Feel Really Depressed About The Direction
That The Economy Is Headed The
American Dream barely be able
to pay the mortgage and put food into the mouths of your kids. The reason
why so many Americans believe that we are in a “recession” or a “depression” is
because that is what they feel like they are living through every single day. The number of
Americans that are really depressed about the direction of the economy
continues to grow. At first most Americans had expected the U.S. economy
to bounce back after the recession “like it always does”, but now hope is
turning into desperation as people start realizing that this time things are
different.
Most Americans
are very eager for things to go back to normal. Unfortunately, things
look like they are about to get even worse.
The following
are 16 reasons to feel really depressed about the direction of the economy….
#1 A newly released National Federation of
Independent Business poll discovered that U.S. small businesses let go of
more workers than they hired in June. Previously, the poll had registered
four monthly gains in net jobs in a row. Some analysts believe that this
may be another indication that the employment market is getting softer once
again.
#2 Another newly released jobs report found that the
number of job cuts being planned by U.S. employers increased
by 11.6% in June .
#3 There are fewer payroll jobs in the United States
today than there were back in
2000 even though we have added 30 million people to the population since
then.
#4 There are officially 6.2 million Americans that
have been unemployed for more than 6 months. There are millions of others
that have also been out of work that long but they have become so discouraged
about looking for work that the U.S. government considers them “to no longer be
in the workforce”.
#5 It now takes the average unemployed worker in
America nearly 40 weeks to find a new job.
#6 Paychecks are not keeping up with inflation.
In May, the average hourly wage in the United States was 1.6 percent lower than 12
months earlier.
#7 Food and gas prices have been absolutely soaring
over the past year. McDonald’s, Hershey and Coca-Cola have all announced
price increases this year. One recent survey found that 9 out of 10 U.S. workers do not expect
their wages to keep up with soaring food prices and soaring gas prices over
the next 12 months.
#8 There are disturbing indications that the business
community expects the economy to slow down even more in the months ahead.
For example, pre-orders for Christmas toys from China are
way down .
#9 As of April, there were 6.39 million home loans in
the United States that were either delinquent or in foreclosure. Included
in that were 675,000 home loans that had not had a single payment made on them
in two years.
#10 Approximately 28 percent of all home loans in the
United States are currently “underwater” .
#11 Overall, American households are about 7.7 trillion dollars poorer
than they were back in early 2007.
#12 As a percentage of GDP, the total amount of debt in
the United States is now far higher than it ever has been in any other era of
U.S. history . Things were not even close to this bad during the Great
Depression.
#13 One of the key measures of consumer confidence in
the United States has hit a seven-month low .
#14 According to Gallup, the percentage of Americans
that lack confidence in U.S. banks is now at an all-time high of 36% .
#15 According to one recent poll, 39 percent of Americans
believe that the U.S. economy has now entered a “permanent decline”.
#16 Another recent survey found that 48 percent of
Americans believe that it is likely that another great Depression
will begin within the next 12 months.
So what is the
United States going to look like if we do have another major economic downturn?
If the U.S.
economy continues to get worse and worse, will what is happening in Greece eventually start happening
in this country?
Let us
certainly hope that our cities do not descend into chaos any time soon.
However, we
should not just stick our heads in the sand and pretend that everything is
going to be okay.
Those of us
that are aware of what is happening to the economy should take this time to get
prepared.
We should all
be getting out of debt. When the economy tanks and interest rates start
to spike you don’t want a horde of creditors hunting you down.
We should all
be reducing our expenses and learning to live on less. It is those that
are “lean and mean” that will have the best chance of making it through a major
downturn successfully.
We should all
be storing up emergency food and supplies. After all, you take out
insurance on all kinds of other things, don’t you? We all need to be
fully prepared just in case the worst happens.
The truth is
that most Americans are totally unprepared for economic troubles. As the
financial crisis of 2008 demonstrated, when people lose their jobs and their
wealth they will come in and take everything away from you.
And it is not
just your home that you could lose. When you don’t have any more money
left there is a chance that authorities will take everything
away from you.
For example,
according to one local news report ,
six kids were taken away permanently from their parents just because they were
homeless and living in a storage shed….
“You shouldn’t
take our kids because we’ve fallen on hard times,” said Prince Leonard, a
married father of six whose family resides in a northeast Houston storage shed.
The Leonards
moved in three years ago after the father, an unemployed welder, was hired as a
maintenance worker.
Well, it turns out that the storage shed actually had
“an air conditioner, a refrigerator and two personal computers”, so they were
not living too terribly.
But this is what happens to so many poor families
today – “child protective services” will come in and take their children away
at the drop of a hat.
Poor people are an easy target. They know that
they are unlikely to fight back and so thousands and thousands of young
children are constantly being ripped out of homes and never returned.
Don’t think that it can never happen to you. It
is happening all over the country.
Meanwhile, the mainstream media continues to act like
everything is just fine. As our economy continues to be caught in a death
spiral they are busy cracking jokes and talking about celebrities.
While the country is falling apart, the following
video is an example of what passes for news in America these days….
The sad
reality of the matter is that “the American Dream ” is dying.
Every month
more American families are slipping out of the middle class and into poverty.
Over the past
four years, the number of Americans on food stamps has risen by 18
million. A higher percentage of Americans is enrolled in government
anti-poverty programs than ever before.
There will be
millions of Americans that will not be able to sleep tonight because they are
being eaten alive by worry and fear. If the economy does not turn around soon,
there will be even more American families that are living in their cars and
eating out of dumpsters.
Our economic
problems are a horrible nightmare that never seems to end. We are
literally watching the greatest economy on earth crumble before our very eyes.
So if you feel
really depressed about all this, nobody is going to blame you.
But pulling
yourself together and getting yourself and your family prepared for the really
hard times that are coming might be a better course of action.’
Running
in the Red Part 1 | How the U.S.
detoured to massive debt. (Washington
Post) [ There’s really no mystery here. Ultimately it comes down to the 3 r’s;
viz., readin’, ‘ritin’, and ‘rithmetic. Basic math skills are fundamental, but
2+2 hasn’t equaled 4 for quite some time in pervasively corrupt, defacto
bankrupt america. Moreover, a fundamental reality in inherently criminal
america is as coincidentally posted this day on infowars.com with more general
application, ‘Crisis And Collapse Unfortunate but Inevitable Bob
Chapman | As we have said for many years crime on Wall Street, in
banking and in corporate america pays.’ Indeed, crime does pay in america; and
it pays well. Fog of war has also been instrumental in providing grand
opportunities for thieving ways while at the same time destructive of this
nation and accomplices, as well as the nations so targeted. Parker:
Obama’s not-quite-true story (Washington Post) [ I frankly am quite surprised that Ms. Parker
chooses this of all accounts when there’s a cornucopia of lies now inseperable
from the personified fraud, barrack obama aka ‘wobama the b’ (for
b***s***). Indeed, wobama’s become a
shamelessly insufferable, jive-talking liar that can only now be at best
considered a failed president. Do not feel sorry for him. He rolled the dice
when contrary to campaign promises that got him elected, he continued the
contraindicated, misguided, and prohibitively costly and quite unnecessary
perma-war policies of failed president, predecessor dumbya bush. On top of that
he’s spent more yet, even caving on the bush tax cut extensions though spending
like mad. Too little, too late; he
gambled, he lost. All he had to do was what he said he was going to do. Not
only would that have been correct, but he could not have been faulted if
perchance it was not. I don’t believe
anything he or his teleprompter says. I find his rhetorical speeches,
jive-talking and sense of petulant indignation intolerable. Quite simply,
wobama(s) is nauseating. Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8% DEM
FLASHES RACE CARD IN DEBT DEBATE... UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv 'Only
THIS president has received the kind attacks and disagreements'...
BOEHNER:
HE HAS NO PLAN ... KRAUTHAMMER:
CALL THE BLUFF! McConnell:
Deal Not Possible With Obama … [ I think this shoe fits wobama ...
African-American unemployment at 16% ... (But there’s rationality in this stat
as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then
there’s the attitude. I truly believe from direct experience that even when
their outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed.) ] ... Senate
works on framework to raise debt limit As a breakthrough in bipartisan
White House talks begins to look unlikely, Senate leaders work to craft an
alternative strategy. (Washington Post) [ Sounds like a plan! Riiiiight! That
framework thing … for the spending thing … with money they don’t really have on
things they don’t really need, ie., the perma wars (that military inferiority
complex thing), etc.. Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Budget
amendment plan proceeds as debt crisis eludes compromise Obama meets with top House GOP in hopes of
reaching a debt-limit agreement that could win approval. Obama
vows veto of deficit-cutting plan Klein:
Dangers of being wrong on Keynes Poll:
Little confidence in leaders to deal with issue (Washington Post) [ Well let’s not kid ourselves since the wobama
et als plan already means: IT'S
GOING TO HURT 'FOR LONG TIME TO COME' Says tiny tim geithner … thanks for the heads up tiny tim ‘God bless us everyone’! … As if we didn’t already know it / feel it!
… Stock futures, dollar falls; Moody’s warns U.S. Wed, 13 Jul 2011 Carla Mozee
(MarketWatch) — ‘U.S. stock index futures and the U.S. dollar fell Wednesday
evening after a ratings agency warned that it may cut its rating on U.S.
government debt … The Head Of The World’s Biggest Hedge Fund Sees “Economic
Collapse” Due To Money Printing By Early 2013 Zero Hedge | Dalio believes that future inevitable money printing
will “lead to a collapse in currencies and bond markets.” The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed ! Suckers’
rally into the close off lows to keep the suckers suckered.
City Council Attempts To Oulaw Free Speech And Freedom Of
Assembly Steve Watson | In Gould, Arkansas, the
City Council has moved to ban all gatherings and groups, no matter how small
from discussing city matters without prior permission from the authorities.
Whistleblower’s
Death: James Corbett on Murdoch scandal turning bloody RT
| The News Of The World phone-hacking scandal whistleblower has been found
dead.
Dangerous
Levels Of Radiation Recorded In Canada As Fukushima Radiation Dangers Continue
The Intel Hub | This should be a RED ALERT to all Americans
and Canadians!
Ron Paul
Road to 2012: The Tom Sulivan Show YouTube | Ron Paul is
America’s leading voice for limited, constitutional government, low taxes, free
markets, sound money, and a pro-America foreign policy.
Armed
Drones: A Diabolical Revolution in the “Art of War” Global Research
| The UK Ministry of Defence, in common with the defence policies of
other states, is increasing its development, manufacture and use of armed
drones.
Israeli navy
seizes Gaza-bound yacht Reuters | The Israeli navy Tuesday
seized a French yacht carrying pro-Palestinian activists.
Bachmann criticizes black farmer settlement OMAHA, Neb.
(AP) — ‘Republican presidential candidate Michele Bachmann pointed to one
program in particular Monday when talking about wasteful government spending: a
multibillion dollar settlement paid to black farmers, who claim the federal
government discriminated against them for decades in awarding loans and other
aid.
The issue came
up after Bachmann and Republican Rep. Steve King of Iowa toured flooded areas
along the Missouri River. During a news conference, they fielded a question
about whether farmers affected by the flooding also should be worried by
proposed U.S. Department of Agriculture cuts.
The two
responded by criticizing a 1999 settlement in what is known as the Pigford
case, after the original plaintiff, North Carolina farmer Timothy Pigford. Late
last year, President Barack Obama signed legislation authorizing a new, nearly
$1.2 billion settlement for people who were denied payments in the earlier one
because they missed deadlines for filing.
King has
likened the Pigford settlement to "modern-day reparations" for
African-Americans. He said Monday a large percentage of the settlement
"was just paid out in fraudulent claims" and criticized the Obama
administration's plan to resolve separate lawsuits filed by Hispanic and female
farmers.
"That's
another at least $1.3 billion," King said "I'd like to apply that
money to the people that are under water right now."
Bachmann
seconded King's criticism, saying, "When money is diverted to inefficient
projects, like the Pigford project, where there seems to be proof-positive of
fraud, we can't afford $2 billion in potentially fraudulent claims when that
money can be used to benefit the people along the Mississippi River and the Missouri
River."…’
Here’s
some real, complicit cover-up / fraud on the part of the federal government, et
als:
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Here’s
some real, complicit cover-up / fraud on the part of the federal government, et
als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar) .
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no, there
is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted
gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO
and the court (I had known / previously met outside of court the judge
Ackerman through a client) was absolute bedlam and a total joke since
incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
Inflationistas
vs. Deflationistas: What Does CPI and PPI Tell Us? at Minyanville Jeff Harding Jul
18, 2011 ‘The reason we are not seeing rapid price inflation is that money
supply growth has been rather modest considering the Fed's attempts to pump the
economy full of money and credit.
Inflationistas
are probably confounded by Friday’s Consumer
Price Index report , which showed a decline of 0.2% in June. The report pins
the decline, the first since June 2010, on falling energy costs. As a large
component of CPI it:
...declined 4.4 percent in June, the largest decline since December 2008.
The gasoline index, which fell 2.0 percent in May, declined 6.8 percent in
June. (Before seasonal adjustment, gasoline prices fell 5.8 percent in June.)
Despite the recent declines, the gasoline index has increased 35.6 percent over
the past 12 months.
On the other hand, the deflationists are probably
using the data price biggest back-to-back gain in two years.
[E]nergy dropped 4.4 percent, following a 1.0 percent decline. Gasoline
fell 6.8 percent after decreasing 2.0 percent in May. Within the core new
vehicles increased 0.6 percent, used cars and trucks
http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/jh7181.JPG
http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/jh7182.JPG
TMS2 -- green line) exploded post-Crash until January 2010
and dropped like a rock until late 2010 when it started growing again. See
this chart from Michael Pollaro which I have amended with the dates of QE1
and QE2:http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/jh7183.JPG
businesses
Inflation is a monetary phenomenon, and price
inflation is a result of it. Price inflation is caused by an expansion of the
money supply. There is no such thing as demand-pull price
inflation, and we cannot have price inflation because capacity utilization
of factories is low. In order for prices to really take off, money
supply needs to take off. We have had a roller coaster of monetary
stimulus through QE, causing significant gyrations in money supply. QE (helicoptering money into Wall Street) has a
lesser impact on money supply than bank money and credit expansion. It
works, it just doesn’t have the multiplier bang for your buck. Money supply growth has been historically lower
as compared to prior inflations that expanded through bank credit (see
2001 on the chart above). The monetary impact of QE2 is not done yet, but
it will have a shorter impact on money supply than QE1. CPI prices are increasing modestly. The producer
price index (PPI ) is showing much higher price increases and this
is starting to squeeze wholesalers and retailers. They will attempt to
raise prices. A question arises as to whether or not price
increases will be accepted by consumers since wage growth has been flat. I
believe increases will be rejected by consumers who will further restrict
consumption in response. Or, retailers will swallow the difference, see
profits squeezed, and either way the economy will be harmed from monetary
expansion. Ultimately the CPI will rise further, especially
if the Fed does QE3, which I believe will happen. Flat-to-declining growth
will put pressure on the Fed to act. A low CPI (or PCE) and stagnating
employment will encourage the Fed to do QE3 to revive a moribund economy. That will lead to continued stagnation. The key to recovery will be the liquidation of
malinvestment and its related debt. It is happening, but the process is
slow and more money pumping will only slow it down further. Stagflation.
Editor's Note: This article was originally published at The
Daily Capitalist .’
Litany
of Woes Sparks Renewed Bearish S&P ETF Options Trades at
Forbes
Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul
B. Farrell , MarketWatch SAN LUIS
OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You heard
me: Block the debt ceiling vote. Don’t raise it. America’s out-of-control. A
debt addict. Time to detox. Deal with the collateral damage before it’s too
late.
We
need to fix America’s looming credit default, failing economy and our
screwed-up banking system. Now, with a Good Depression. If we just kick the can
down the road one more time, we’ll be trapped into repeating our 1930’s
tragedy, a second Great Depression.
Barton Biggs: U.S. needs massive public works program The U.S. needs to invest in a massive public works
program, and rich people and corporations should pay more taxes. Barton Biggs,
of Traxis Partners, shares his views with the Simon Constable.
Yes,
depression. Spelled: d-e-p-r-e-s-s-i-o-n. Wake up America, recessions do not
work. Won’t work in the future. Remember that 30-month recession after the
dot-com crash? Didn’t work. Why? Because in the decade since that 2000 peak,
Wall Street’s lost an inflation–adjusted 20% of America’s retirement money.
And
what about the so-called Great Recession of the 2008 credit meltdown? Didn’t
work either. In fact, made matters worse: Wall Street got richer by stealing
from the other 98% of Americans, the middle class, the poor. And now their
conservative puppets in Washington want to make matters worse, widening the
wealth gap further to benefit the Super Rich.
Seems
nobody really gives a damn about our great nation any more. America’s now a
capitalists anarchy: “Every (rich) man for himself.” Proxy battles are fought
by high-priced lobbyists in a broken political system. America needs a 21-gun
wake-up call. Yes, that’s why America needs a Good Depression. The economy’s
bad now. But kicking the can down the road again will make matters much worse
later.
America’s leaders lost their moral compass, lack a
public conscience This
is not our first call for a Good Depression. As early as 2005 we began
reporting on excessive debt. In November 2007 we warned of a crash dead ahead.
The subprime credit meltdown had been accelerating for many months, although
for a year our leaders kept misleading Americans: Fed Chairman Ben Bernanke’s
“it’s under control.” Treasury Secretary Henry Paulson’s delusional “best
economy I’ve ever seen in my lifetime.”
In
August 2008 came the original of our seven reasons why America needs a Good
Depression. Yes August, just two months before Wall Street banks collapsed into
de facto bankruptcy, after many warnings predicting a crisis. This was no Black
Swan. In September 2008 we reported on Naomi Klein, author of “Shock Doctrine:
The Rise of Disaster Capitalism,” warning of Wall Street’s insidious plan to
take over America:
“Nobody
should believe the overblown claims that the market crisis signals the death of
‘free market’ ideology.” Then as the meltdown went nuclear, Klein warned: “Free
market ideology has always been a servant to the interests of capital, and its
presence ebbs and flows depending on its usefulness to those interests. During
boom times, it’s profitable to preach laissez faire, because an absentee
government allows speculative bubbles to inflate.”
But
“when those bubbles burst, the ideology becomes a hindrance, and it goes
dormant while big government rides to the rescue. But rest assured,” she
predicted, Reaganomics “ideology will come roaring back when the bailouts are
done. The massive debts the public is accumulating to bail out the speculators
will then become part of a global budget crisis that will be the
rationalization for deep cuts to social programs, and for a renewed push to
privatize.”
Totally predictable: No Black Swans in 2000, 2008 …
nor in 2012 Yes,
all was predictable: The events of the past few years were well known in
advance. In fact, the events of the entire decade were predictable. The rich
got richer off the backs of the middle class and the poor. Why? “There’s class
warfare all right,” warns Warren Buffett. “But it’s my class, the rich class,
that’s making war, and we’re winning.”
And
they are also blind and deaf to the havoc their free-market Reaganomics
policies are creating, selfishly undermining America, the world’s greatest
economic power.
Lessons
learned? Zero. Why? Wall Street, Washington and Corporate America are focused
on one narrow-minded short-term strategy: Economic g-r-o-w-t-h, bull markets,
megabonuses, tax cuts. In good times they tout “free markets.” But when greed
bombs, they throw free-market “principles” under the Reagan Revolution bus and
unleash their mercenary lobbyists to go whining to Congress for huge taxpayer
bailouts and access at the Fed discount window, to siphon off more taxpayer
money. And they’ll do it again soon,
Wall
Street and their cronies are doing such a miserable job, America needs a new
strategy: First, stop “kicking the can down the road.” Let a good old-fashioned
Good Depression do the job that our hapless, happy-talking leaders refuse to
do. Take our medicine. Let a new depression clean house and reawaken Americans
to core values.
Trust
me folks, it’s either a Good Depression now … or a Great Depression 2. Here are
seven reasons favoring the do-it-now strategy:
1: Capitalism’s now a lethal soul sickness, needs a
reawakening What’s
the real problem? Not the economy, not markets, nor even politics. Yes, our
economic pains are real. But they’re just symptoms. Something’s structural
wrong. Since 2000 endless bad news: Greed, deceit, stupidity, corruption,
unethical behavior, lack of moral conscience.
The
real problem’s deep in our character, the “mutant capitalism” Jack Bogle warned
of in “The Battle for the Soul of Capitalism.” Sadly, that battle was lost.
With it we lost our soul, our moral compass. America’s character is measured by
our net worth.
2. We’re already in the early stages of a Great
Depression Comparing
today with the Great Depression is common sport. In a Newsweek special “Seeing
Shades of the 1930s,” Dan Gross wrote: “Wall Street, after two terms of a
business-friendly Republican president, self-immolated on a pyre of greed,
incompetence and excessive optimism.” Today’s “new normal” economy means high
unemployment for years, inflation driving prices, rising interest rates, more debt,
chaos.
We
are destroying ourselves from within. Former U.S. Comptroller General David
Walker warns that “there are striking similarities between America’s current
situation and that of another great power from the past: Rome.” Three reasons
“worth remembering: declining moral values and political civility at home, an
overconfident and overextended military in foreign lands, and fiscal
irresponsibility by the central government.” We are becoming more vulnerable to
external enemies.
3. Good Depression exposes our self-destruct
bubble-thinking Before
the 2008 crash, “Irrational Exuberance” author Robert Shiller warned in the
Atlantic magazine that “bubbles are primarily social phenomena. Until we
understand and address the psychology that fuels them, they’re going to keep
forming.” Housing inflated 85% in the decade: “Historically unprecedented … no
rational basis for it.”
Bubble
thinking is an toxic virus that infected everyone. Shiller warns of another
coming: “We recently lived through two epidemics of excessive financial
optimism … we are close to a third episode.”
4. Good Depression will stir outrage, force real
reforms Writing
in the Wall Street Journal, Jim Grant, editor of the Interest Rate Observer,
wrote: “Why No Outrage? Through history, outrageous financial behavior has been
met with outrage. But today Wall Street’s damaging recklessness has been met
with near-silence, from a too tolerant populace.” Grant worries that Wall
Street will run “itself and the rest of the American financial system right
over a cliff.”
But
we only went to the edge in 2008. Today, a rebellious “throw the bums out”
hostility is blowing a new kind of bubble: Three years ago we did not have Tea
Party, union fights, the Arab Spring and Greek austerity riots, all signs of an
dark angry future sweeping across America.
5. Good Depression forces Wall Street to think
outside the box In
a powerful Bloomberg Markets feature, “No Easy Fix,” we’re told Wall Street’s
“profit formula has hit a wall.” Their “money-making machine is broken and
efforts to repair it after the biggest losses in history are likely to
undermine profits.”
Even
Mad Money’s Jim Cramer openly admits hedge fund managers are pocketing
megaprofits at capital gains rates while laughing at the stupidity of a broken
political system that gives hundreds of billions in tax breaks to the richest,
then takes taxes off the table as our middle class is dying under massive
unsustainable deficits. Soon angry mobs will “fix” Wall Street.
6. Good Depression will deflate America’s warring
soul The
American economy is a “war economy” driven by a egomaniac. I saw it firsthand
as a U.S. Marine. Americans love being king of the hill, world’s cop, the
global superpower. Why else spend 54% of our tax dollars on a war machine, 47% of
the world’s total military budgets.
Why?
Our war machine generates such “spectacular profits that many people around the
world” are convinced America’s “rich and powerful must be deliberately causing
catastrophes so that they can exploit them,” warns Klein in “Shock Doctrine.”
No wonder the GOP takes military spending, like tax cuts for the rich,
off-the-table: The war industry is a major political donor.
7. Good Depression now … avoids a far bigger
depression later In
“The Price of Liberty: Paying for America’s Wars,” Robert Hormats,
undersecretary of state and a former Goldman Sachs vice chairman, traces
America’s wartime financing from the Revolutionary War to present wars. He
warns that today we’re “relying on faith over experience, hoping that sustained
growth will erase deficits and that the ballooning costs of Social Security,
Medicare and Medicaid will be manageable in the coming decades without
difficult reforms.”
Absent
a brutal reset, we are on a historically predictable course says Kevin Phillips,
Nixon strategist and author of “Wealth & Democracy:” “Most great nations,
at the peak of their economic power, become arrogant and wage great world wars
at great cost, wasting vast resources, taking on huge debt, and ultimately
burning themselves out.” Yes, burned out, unprepared.
So
pray for a Good Depression earlier rather than later. Choose now and we can be
prepared for whatever comes. Or a Great Depression will hit later, when we’re
least prepared, the problems bigger, our faith weaker … don’t raise the debt
ceiling.’
Our
Debt Binge Is Ending — And The Middle Class Will Get Clobbered
Fed
Can Manipulate Markets, But Can't Reverse Economy at
Minyanville Toby Connor Jul
11, 2011 ‘I believe that we have begun the topping process of this cyclical
bull market [ in this secular bear market ]. In a healthy market an
intermediate decline is a profit-taking event after a significant leg up. It
should hold well above the prior intermediate bottom. The decline into the June
low was not a profit-taking event. The market had not rallied long enough or
far enough to warrant an intermediate correction and certainly not one that
would test the March lows. The decline in May and June was the first shot
across the bow that something was wrong with the fundamentals driving this
market. http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG
Click to enlarge
Gloomy consumers cast dark cloud over economy
Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter
Gorenstein ‘ Stocks rallied Wednesday after Federal
Reserve Chairman Ben Bernanke suggested the central bank would go ahead
with another round of stimulus -- aka quantitative easing -- if the economy
continues to slump. In this scenario, the Federal Reserve would once again
purchase assets to keep interest rates low in an attempt to support the economy
and prop up asset prices.
So far, the
Fed's actions have done more good for asset prices like stocks (see: S&P
500 chart since 2009) while doing less to help the economy (see:
June jobs report ). U.S. gross domestic product grew just 1.9% in the first
quarter of the year. For 2011 as a whole, the Fed forecasts U.S. GDP growing at
2.7% to 2.9%, which is lower than the plus 3% forecast they made in April.
Today's guest,
Gary Shilling, President of A. Gary Shilling & Co. and author of the Age
of Deleveraging says another recession is brewing -- no matter what action
the Fed takes. "Economic growth here and abroad is slipping, making a 2012
recession a distinct possibility," he writes in his July newsletter. And,
"when you have slow growth it doesn't take much of a shock to throw you in
negative territory."
Shilling says
the shock to trigger the next recess is "another big leg-down in
housing." (An asset class the Fed has not been able to reflate.) As those
familiar with Shilling know, his forecasts are generally bearish.
However, in his defense, Shilling was one of the few economists who correctly
predicted the dangers of the subprime mortgage market and its impact on the
broader economy.
The problem
with the real estate market remains excess inventory. Based on Shilling's
research, there are 2 million to 2.5 million excess homes in the country -- a
supply that will take 4-5 years to work-off. The result: Housing prices will
fall another 20% and underwater mortgages will balloon from 23% to 40%, he
says.
With housing
slumping again, Shilling says recession is coming to a town near you in 2012.’
Investors
Move Money Out of Blue Chips at Forbes
Top 3 Reasons Markets Were Down on Debt Fears and Banks Wall St. Cheat Sheet July 18, 2011 ‘Markets closed down on Wall Street today: Dow
-0.74% , S&P -0.81% , Nasdaq -0.89% , Oil -1.35% , Gold +1.04% .
On the
commodities front, Oil made a reversal, dropping to $95.93, while
precious metals continued to gain, with Gold up to $1,606.70 an ounce and
Silver up 3.49% to $40.44 an ounce..
Today’s
markets were down because:
1) Same old,
same old. Lately, whenever stocks are down, it has something to do with the
sovereign debt crisis, whether it’s Greece, Italy , Ireland, or the U.S. And
today it’s everybody. Lawmakers continue their game of chicken with just two
weeks until a deal must be reached, while European leaders still haven’t
decided on the role of private investors in a new Greek aid package and Italy’s
bond yields continue to skyrocket. And last week’s bank
stress tests failed to have much of an impact on fears as analysts are
saying that they were too lenient and didn’t accurately test bank preparedness
for Greek default.
2) Banks.
Nothing pulls down the markets like the nation’s biggest banks . When they’re
having a bad day, everyone’s having a bad day, and Bank of America was leading
sector losses, dropping 2.50%. Wells Fargo , Citibank , Deutsche Bank , and
Morgan Stanley were all down more than a percent. With all 10 S&P sectors
down, financials were by far the worst, helping NYSE decliners outnumber
gainers four-to-one. While declines might be explained by general wariness
among investors worried about the economy, it might also have something to do
with the looming uncertainty
surrounding the Dodd-Frank Act and how strictly it will regulate banks and
thus hinder profitability.
3) The Murdoch
Effect. The non-stop
bad press machine that is News Corp. has seen its shares drop off nearly
18% since news of its phone-hacking scandal broke. The stock has fallen 4.32%
just today, and the bad juju seems to be wearing off on other media giants.
Comcast , CBS , Disney are all well into the red today, and even Time Warner
shares are down, despite having record-breaking box office giant — Harry Potter
and the Deathly Hallows 2 – taking in revenue for the media conglomerate…’
Will
the U.S. Default Before Greece? – Zacks
Final
top 10 leaders in option volume optionMONSTER ‘…The SPDR S&P 500 Fund (NYSEArca:SPY ) was down just shy of 1 percent
as 2.13 million options contracts traded. The S&P 500 Index (TSXV:SPX.V ) options were third on the
top 10 volume list with 736,000 options. The CBOE Volatility Index was up by
7.6 percent on the day with 493,000 contracts.BAC ) heads
into earnings down 2.8 percent with 859,000 options changing hands. Apple (NasdaqGS:AAPL ) was fifth on the list with
587,000 as it finished the day higher by 2.4 percent. Citigroup (NYSE:C ) remained in the 10th spot with
348,000.IWM ) had 639,000 options traded.
The SPDR Financial Fund (NYSEArca:XLF )
regained ground and finished the day down 1.35 percent with 400,000. The
PowerShares QQQ Trust (NasdaqGM:QQQ )
had 337,000. SLV )
was up by 3.22 percent. It saw 338,000 options change hands on the day, with
calls outnumbering puts more than 3 to 1
http://www.optionmonster.com/cms/commentary/images/TMfinalvolumes71811.png …’
Gold
& Silver Surge As Debt Woes, China Demand Keep Growing - at
Barrons.com
Confirmed:
Federal Reserve Policy is Killing Lending, Employment and the Economy Washington’s
Blog | The Federal Reserve has been intentionally discouraged banks
from lending to Main Street – in a misguided attempt to curb inflation.
“They’re
Going to Cut Back the Bone and They’re Going to Keep the Fat…” Washington’s
Blog | They’re Going to Try to Panic the Population into Acquiescing
in a Democratic Party Sellout by Cutting Back Payments to the People.
Treasury
To Stop Funding Its Market Manipulation Fund To Delay US Bankruptcy Tyler
Durden | Tim Geithner was just forced to resort to the final debt
ceiling extension measure.
Gold
And Silver Likely To Go Parabolic Due To ‘Global Shockwaves’ If U.S. Defaults
Zero Hedge | Gold is some 0.5% lower against the U.S. dollar
and most currencies today but is higher in Australian dollars as the Aussie
fell on Australian and global economic growth concerns.
Obama
nominates consumer finance chief UPI | Ohio Attorney
General Richard Cordray will be nominated to head the new Consumer Financial
Protection Bureau.
Return
of the Gold Standard as world order unravels London Telegraph
| The eurozone debt crisis has spread to the countries that may be too big to
save.
Why
Banks Aren’t Lending: The Silent Liquidity Squeeze Truthout
| Where did all the jobs go?
We Have Forgotten
What the Ancient Sumerians and Babylonians, the Early Jews and Christians, the
Founding Fathers and Even Napolean Bonaparte Knew About Money Washington’s
Blog | Mike “Mish” Shedlock has repeatedly pointed out that we have
reached “peak credit” – and there will not in our lifetimes be as much credit
as we saw from 2000-2008.
Obama’s
Proposal: Increase Debt Extra $26B This Year, $83B Next Year, $2.7T Over Decade
CNS News | In short, the only budget proposal Obama has put
forward this year for the public to review and analyze puts the federal
government on a path to eventual bankruptcy.
Too
Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets Economic
Collapse | In 2008, people were told that the largest banks in the
U.S. were “too big to fail.”
6 Steps
by the IMF for a One-World Currency Brandon Smith | The
concept of a global currency is often spoken of only with an atmosphere of
caution.
Parker:
Obama’s not-quite-true story (Washington Post) [ I frankly am quite surprised that Ms. Parker
chooses this of all accounts when there’s a cornucopia of lies now inseperable
from the personified fraud, barrack obama aka ‘wobama the b’ (for
b***s***). Indeed, wobama’s become a
shamelessly insufferable, jive-talking liar that can only now be at best
considered a failed president. Do not feel sorry for him. He rolled the dice
when contrary to campaign promises that got him elected, he continued the
contraindicated, misguided, and prohibitively costly and quite unnecessary
perma-war policies of failed president, predecessor dumbya bush. On top of that
he’s spent more yet, even caving on the bush tax cut extensions though spending
like mad. Too little, too late; he
gambled, he lost. All he had to do was what he said he was going to do. Not
only would that have been correct, but he could not have been faulted if
perchance it was not. I don’t believe
anything he or his teleprompter says. I find his rhetorical speeches,
jive-talking and sense of petulant indignation intolerable. Quite simply,
wobama(s) is nauseating. Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama Economists Admit:
'Stimulus' Cost $278,000 per Job...
GALLUP SHOCK: 'REPUBLICAN'
BEATS OBAMA BY 8% DEM FLASHES RACE CARD IN DEBT
DEBATE... UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv 'Only THIS president has
received the kind attacks and disagreements'...
BOEHNER: HE HAS NO PLAN ... KRAUTHAMMER: CALL THE BLUFF! McConnell: Deal Not Possible
With Obama … [ I think this shoe fits wobama ... African-American unemployment
at 16% ... (But there’s rationality in this stat as people avoid their
disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s the attitude. I
truly believe from direct experience that even when their outright aggression,
assaults on persons and the senses, and otherwise obnoxious behavior is not
apposite, the personality disorder ‘passive / aggressive’ is applicable,
however indirectly expressed.) ] ... Senate
works on framework to raise debt limit As a breakthrough in bipartisan
White House talks begins to look unlikely, Senate leaders work to craft an
alternative strategy. (Washington Post) [ Sounds like a plan! Riiiiight! That
framework thing … for the spending thing … with money they don’t really have on
things they don’t really need, ie., the perma wars (that military inferiority
complex thing), etc.. Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants
and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Bond
investors not scared away As the clock on debt talks runs out, investors
who lend money to the U.S. government are playing it cool. (Washington Post) [
Playing it cool, or playing the fool? I say the latter because some very smart
money thinks quite the contrary regardless of any debt-ceiling deal, etc. … Report:
Pimco's Gross Sells All US Treasury Holdings Mar 9, 2011 – Bill Gross, who runs the world's
biggest bond fund at Pacific Investment
Management ... Report: Pimco's Gross Sells All US Treasury Holdings ... Mohamed A. El-Erian confirmed the move! Fed
Can Manipulate Markets, But Can't Reverse Economy at
Minyanville Toby Connor Jul
11, 2011 ‘I believe that we have begun the topping process of this cyclical
bull market [ in this secular bear market ]. In a healthy market an
intermediate decline is a profit-taking event after a significant leg up. It
should hold well above the prior intermediate bottom. The decline into the June
low was not a profit-taking event. The market had not rallied long enough or
far enough to warrant an intermediate correction and certainly not one that
would test the March lows. The decline in May and June was the first shot
across the bow that something was wrong with the fundamentals driving this
market. http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG
Click
to enlarge
Gloomy
consumers cast dark cloud over economy
Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter
Gorenstein ‘ Stocks rallied Wednesday after Federal
Reserve Chairman Ben Bernanke suggested the central bank would go ahead
with another round of stimulus -- aka quantitative easing -- if the economy
continues to slump. In this scenario, the Federal Reserve would once again
purchase assets to keep interest rates low in an attempt to support the economy
and prop up asset prices.
So far, the
Fed's actions have done more good for asset prices like stocks (see: S&P
500 chart since 2009) while doing less to help the economy (see:
June jobs report ). U.S. gross domestic product grew just 1.9% in the first
quarter of the year. For 2011 as a whole, the Fed forecasts U.S. GDP growing at
2.7% to 2.9%, which is lower than the plus 3% forecast they made in April.
Today's guest,
Gary Shilling, President of A. Gary Shilling & Co. and author of the Age
of Deleveraging says another recession is brewing -- no matter what action
the Fed takes. "Economic growth here and abroad is slipping, making a 2012
recession a distinct possibility," he writes in his July newsletter. And,
"when you have slow growth it doesn't take much of a shock to throw you in
negative territory."
Shilling says
the shock to trigger the next recess is "another big leg-down in
housing." (An asset class the Fed has not been able to reflate.) As those
familiar with Shilling know, his forecasts are generally bearish.
However, in his defense, Shilling was one of the few economists who correctly
predicted the dangers of the subprime mortgage market and its impact on the
broader economy.
The problem
with the real estate market remains excess inventory. Based on Shilling's
research, there are 2 million to 2.5 million excess homes in the country -- a
supply that will take 4-5 years to work-off. The result: Housing prices will
fall another 20% and underwater mortgages will balloon from 23% to 40%, he
says.
Europe’s
banks at risk, study finds Regulators find a system dependent on government
support and in need of better preparation. (Washington Post) [ Europe’s banks
at risk … they needed a study to discern that? How ‘bout Europe, the EU, the
euro are at risk; and, we don’t need a study to discern that fact. Foolishly
At The Brink! at Forbes Sy Harding
‘Governments around the world are struggling with record debt. The debt crisis
in Europe and the struggle in Washington to raise the U.S. debt ceiling are in
the news every day.
As
the original debt crisis in Europe migrated from Greece to Ireland, to
Portugal, to Italy over the last 18 months a commonality became obvious.
Opposing government parties in each country fought over the methods to tackle
the problem until each crisis reached the brink of default on the country’s
debt, and confidence in its economy was in shambles.
Over
the past week it’s been Italy’s turn. The third largest economy in Europe and
deemed to be too large to bail out, Italy’s government has been debating
angrily for months about how best to handle its growing debt crisis. It was
only after the bottom fell out of Greece’s stock and bond markets early this
week that the wrangling Greek parliament panicked and quickly ‘fast-tracked’ an
agreement on austerity measures to at least postpone the crisis for awhile.
For
18 months now global stock, bond, and currency markets have been roiled each
time the European debt crisis popped up again. And each time, euro-zone finance
ministers and politicians took action only when the markets forced them to do
so.
Is
the U.S. now in its Greek-Italian phase? Will it take a U.S. market meltdown to
convince Washington of the seriousness of the situation?
Here
we are, after months of squabbling, with the drop-dead date of August 2 for
raising the debt ceiling only two weeks away. This week both Moody’s and
Standard & Poor’s put U.S. debt on ‘credit watch’ for a possible down-grade
from its coveted triple-A credit rating, due to the lack of progress in
Washington. If it were to take place it would be the first downgrade of U.S.
debt since ratings began in 1917.
The
most likely scenario is a last-minute, cobbled together agreement that neither
side likes, which could be announced at any time, perhaps even by the time you
read this.
However,
the risk of a downgrade is there. Standard & Poor’s puts the odds at 50%.
As
Bloomberg News puts it, “Both the Republicans wanting to replace President
Obama, and Democrats seeking the best way to re-elect him, have emerged as
obstacles to agreement on raising the government’s debt limit. Republican
presidential candidates and Democratic activists alike are using the debate to
sharpen their political messages and appeal to core voters. . . both parties
set in concrete on what they believe their base has to have.”
Damage
has already been done, by creating a global impression that the world’s largest
economy, which professes to still be a shining example for the rest of the
world, is as inept as the most backward banana-republic in dealing with
problems in a rational way.
It’s
particularly frustrating with the economic recovery stalling again, to see
Washington still so selfishly playing party politics, taking the country’s
future so close to the brink of the unknown. Experts around the world are
warning that the consequences of even a brief ‘technical default’ by the U.S.
are dangerously unknown, and at the least could seriously affect confidence in
U.S. debt and the dollar for some time to come.
Meanwhile,
the Federal Reserve and Wall Street are assuring us that the economic slowdown
in the first half of the year was temporary, that the current quarter and
second half will see a robust recovery.
But
the economic reports continue to get worse, and the conditions causing the
worsening numbers continue to deteriorate. Last week’s terrible jobs report for
June should have left no doubt that the slowdown will continue this month. And
the reports released this week confirm that trend. The National Federation of
Independent Businesses reported that its Small Business Confidence Index fell
to 90.8 in June, which the NFIB says is “solidly in recession territory”. On
Friday, the University of Michigan’s closely watched Consumer Sentiment Index
was released and plunged from 71.5 in June to 63.8 this month, its lowest level
in more than two years.
Since
consumer spending accounts for 80% of the economy, that continuing decline in
consumer confidence alone is a scary trend, and it will not be helped by
Washington carrying the country to the brink of the first ever downgrade of its
credit rating.
I’ve
been predicting a significant stock market correction this summer, not a bear
market, but a decline of 18% or so on the S&P 500 that will force the Fed
to come in with some type of QE3 stimulus in the fall, which in turn will
create the typical positive market in the market’s favorable season next
winter.
But
I assumed a timely agreement on raising the debt ceiling, and have not factored
in the unknown additional negative if the dangerous foolishness in Washington
continues to the brink or beyond.
Let’s
hope some sense of the reality comes into the situation quickly.
In
the interest of full disclosure, I and my subscribers took our previous profits
from bonds and our downside positions against the stock market when the recent
snap-back rally began, but have repositioned for a resumption of the
correction, with initial positions in the iShares 20-year bond etf, symbol TLT,
the ProShares Short S&P 500 etf, symbol SH, and the ProShares Short Russell
2000 etf, symbol RWM.’
World
Bank chief blames Barack Obama for Doha trade talks deadlock Larry
Elliott | Zoellick blamed Obama for deadlock in global trade talks.
Gold
soars above $1,600 per ounce for first time AFP | The
precious metal extended its recent record-breaking surge which began on Friday.
Were
America’s Assets Looted Years Ago? Washington’s Blog |
Forbes’ Merrill Matthews argues that the multi-trillion dollar social security
trust fund was looted years ago.
National / World
Debt
Ceiling Drama Ron Paul | We need to stop allowing
secretive banking cartels to endlessly enslave us through monetary policy
trickery.
News of the World phone-hacking whistleblower found dead London
Guardian | Death of Sean Hoare – first to allege Andy Coulson knew of
hacking – not being treated as suspicious.
Gold
Breaks Record Kurt Nimmo | Analysts believe the
yellow metal may reach $5,000 an ounce by 2020.
Two Examples of Fascism Run by Banks Ethan
Jacobs | The largest banks must be boycotted and the Federal Reserve
System abolished.
Social Media Targeted by Pentagon for “Strategic
Communication” Daniel Taylor | The Pentagon, which
developed the internet to begin with, is engaging in full scale memetic
enginnering in the digital world.
Default ‘Off the Table,’ Debt Deal Will Be Struck:
Geithner CNBC.com | Treasury Secretary Tim Geithner
told CNBC Monday that he is certain that congressional leaders will strike a
deal to raise the federal debt ceiling.
Moody’s suggests U.S. eliminate debt ceiling Reuters
| Ratings agency Moody’s on Monday suggested the United States should
eliminate its statutory limit on government debt
Bohemian Grove 2011 Cremation Of Care Interviews YouTube
| Footage shot from outside the secretive elite gathering at the
Bohemian Grove, currently ongoing in Monte Rio, California.
Ventura Threatens To Vacate US Over TSA Groping Paul
Joseph Watson | Former Governor considering obtaining Mexican
citizenship, vows never to fly again in America if lawsuit struck down.
Ron Paul expands TV ad campaign to Nevada Raw
Story | Ron Paul (R-TX) is expanding his TV advertising campaign in
early caucus and primary states.
Crisis And Collapse Unfortunate but Inevitable Bob
Chapman | As we have said for many years crime on Wall Street, in
banking and in corporate America pays.
Credit-rating
firms loom over debt debate Despite a behind-the-scenes campaign by the
White House to keep the nation’s major credit-ratings companies from
threatening to downgrade the U.S., the firms have issued default warnings
anyway. (Washington Post) [ Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan |
..bush prepared to invade Iraq in 2002..likely cost would be $60 billion, said
Mitch Daniels of the OMB..finance the war with Iraqi oil,said Wolfowitz..the
cost of the Iraq War? It has passed $1 trillion..’, etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to the
influx of immigrants to this young nation who turned out to be more a virus to
the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Gun-smuggling cartel figures possibly were paid FBI
informants LA Times | Probe reveals that the U.S.
agency running the ‘Fast and Furious’ anti-gun-trafficking operation didn’t
know about the alleged FBI informants. Congressional investigators are looking
into the matter.
Ron Paul expands TV ad campaign to Nevada Raw
Story | Ron Paul (R-TX) is expanding his TV advertising campaign in
early caucus and primary states.
Is
There Anything We Are Still Free To Do Without Government Permission? American
Dream | Very, very few things are still permissible without government
approval today.
Mass psychosis in the US Aljazeera.net July 11, 2011
Obama
presses for debt deal President opens the door to a less ambitious
compromise to the looming debt-ceiling crisis. (Washington Post) [ Less
ambitious? As in ‘anything at all’ … as in something other than ‘nothing to
write home about’. Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan |
..bush prepared to invade Iraq in 2002..likely cost would be $60 billion, said
Mitch Daniels of the OMB..finance the war with Iraqi oil,said Wolfowitz..the
cost of the Iraq War? It has passed $1 trillion..’, etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene pool
which, borrowing from an insurance term, viz., adverse selection, springs forth
the notion of inevitability to the genocide of the indigenous populations while
guaranteeing the decline we see throughout this foundering nation. The effects
of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
STEVE
WYNN UNLOADS ON OBAMA... (via Drudgereport) ‘…here's the crux of it:
I believe in Las Vegas. I think its best days are ahead of it. But
I'm afraid to do anything in the current political environment in the United
States. You watch television and see what's going on on this debt ceiling issue . And what I consider to be a total lack of
leadership from the President and nothing's going to get fixed until the
President himself steps up and wrangles both parties in Congress. But everybody
is so political, so focused on holding their job for the next year that the
discussion in Washington is nauseating.
And I'm saying it bluntly, that this administration is the greatest
wet blanket to business, and progress and job creation in my lifetime . And I can prove it and I could spend the next 3
hours giving you examples of all of us in this market place that are frightened
to death about all the new regulations, our healthcare costs escalate,
regulations coming from left and right. A President that seems, that keeps
using that word redistribution. Well, my
customers and the companies that provide the vitality for the hospitality and
restaurant industry, in the United States of America, they are frightened of
this administration
You bet and until we change the tempo and the conversation from
Washington, it's not going to change. And those of us who have business
opportunities and the capital to do it are going to sit in fear of the President.
And a lot of people don't want to say that. They'll say, God, don't be
attacking Obama. Well, this is Obama's deal and it's Obama that's responsible
for this fear in America .
The guy keeps
making speeches about redistribution and maybe we ought to do something to
businesses that don't invest, their holding too much money. We haven't heard
that kind of talk except from pure socialists. Everybody's afraid of the
government and there's no need soft peddling it, it's the truth. It is the
truth. And that's true of Democratic businessman and Republican businessman,
and I am a Democratic businessman and I support Harry Reid. I support Democrats
and Republicans. And I'm telling you that the business community in this
company is frightened to death of the weird political philosophy of the
President of the United States. And until he's gone, everybody's going to be
sitting on their thumbs.
Later in the
call, he rants again about how hard it is to visit America (due to Homeland
Security and visa issues), and what that means for Chinese visitors.
http://www.businessinsider.com/wynn-ceo-steve-wynn-conference-call-transcript-obama-2011-7#ixzz1SVOWlB17
‘Carmageddon’
starts in L.A. A 10-mile stretch of
one of the nation’s busiest freeways is being closed for 53-hour construction.
(Washington Post) [ While it is true there is so much news of great consequence
worldwide, it seems at first blush somewhat remiss of me to be commenting on
what I deem to be a ‘non-story’. Yet, it is the very pervasive prominence of
this ‘non-story’ that compels me to comment here at the risk of appearing to
have fallen prey to this almost non-newsworthy obsession dubbed ‘carmageddon’.
Regionally based and presumably based on demographics / viewership this falls
within the bailiwick of that other indigenous ‘news-preoccupation’ which I’ve
never seen beyond the LA market; viz., the innumerable car chases which I have
literally seen occupying an entire newcast (30 / 60 minutes) to the exclusion
of all other news. I’m totally nonplused and at a loss to explain this which I
hope is still a very local phenomenon that defies rational explanation. IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know / feel it! …Stock futures, dollar falls; Moody’s warns U.S. Wed, 13 Jul 2011 Carla Mozee
(MarketWatch) — ‘U.S. stock index futures and the U.S. dollar fell Wednesday
evening after a ratings agency warned that it may cut its rating on U.S.
government debt…’
S&P threatens downgrade of U.S. financial companies
Top 3 Reasons Markets Were Up Despite Continuing Debt Ceiling
Impasse July 15, 2011 Wall St. Cheat Sheet ‘Markets
closed up on Wall Street today: Dow +0.35% , S&P +0.56% , Nasdaq +0.98% ,
Oil +1.82% , Gold +0.31% .
On the
commodities front, Oil made a reversal, climbing to $97.43, while
precious metals gained slightly, with Gold up to $1,594.20 an ounce and Silver
up 1.33% to $39.21 an ounce.
Don’t Miss: Why
Are Gold Prices Pushing Record Highs?
Today’s
markets were up because:
1) M&A
activity. With so much negative economic news — declining
consumer sentiment , Standard & Poor’s putting the U.S. on downgrade
watch , and the continuing impasse of debt ceiling talks — markets could
have easily been down again today. But in a rare feat, they were bolstered by
individual sectors and stocks. Clorox and Petrohawk deals
were responsible for huge NYSE gains .
2) Euro-bank
stress tests. The results of the stress tests for 90 European banks had
investors around the world on the edge of their seats, but ultimately the
results of the test held no real surprises and could have definitely been
worse. Only 8 of the banks failed, though another 16 narrowly passed. The eight
failing banks had a combined shortfall of 2.5 billion euros in capital under
the European Banking Authority’s worst-case economic scenario. Last year’s 7 failing banks had a combined shortfall of 3.5 billion
euros. Not only did this year’s failing banks fare better than last year’s, but
there were significantly fewer than expected. Estimates had the number near 20.
So while the results of the stress test might not be considered good news, they
most certainly aren’t bad, especially considering the failing banks are right
where one would expect them to be: 5 in Spain, 2 in Greece, and 1 in Austria.
3) Google. The
so-much-more-than-a-search-engine’s new social networking tool, Google+, has
already gained over 10 million users in just 2 weeks and is only one of many
reasons why Google’s latest earnings report throttled the company’s pared down
expectations. (See: “Here’s
Why Google+ Means Serious Money “) Net
income rose to $2.5 billion versus $1.84 billion in the same quarter a year
earlier, a 36.1% increase. The success of Android, which accounted for 40% of
smartphone sales this year is another reason for the great earnings report that
pushed up the company’s stock 13.34%, trading on a volume of 12.27 million
today where the 30-day average is only 3.01%. Google’s good fortune alone
comprised a good share of the Nasdaq’s gains today in an otherwise shaky day of
trading.’
See the film the “End the
Fed” crowd holds sancrosanct: The
Money Masters http://www.themoneymasters.com
Return
of the Gold Standard as world order unravels London Telegraph
| The eurozone debt crisis has spread to the countries that may be too big to
save.
Why
Banks Aren’t Lending: The Silent Liquidity Squeeze Truthout
| Where did all the jobs go?
Inflation On the Rise Reuters
| High inflation, driven by strong energy and food prices, undermined economic
activity in first quarter.
Gold
And Silver Likely To Go Parabolic Due To ‘Global Shockwaves’ If U.S. Defaults
Zero Hedge | Gold is some 0.5% lower against the U.S. dollar
and most currencies today but is higher in Australian dollars as the Aussie
fell on Australian and global economic growth concerns.
Manufacturing
Gauge Slumps as Core Inflation Gains Reuters | Inflation
at highest pace in three years.
US
Default Risk Jumps To Highest Since February 2010 On Debt Ceiling Worries Tyler
Durden | So much for the market “completely ignoring” the total chaos
and complete cacophony out of the tragicomic DC soap opera.
The Fed, the
debt, Ron Paul and gold RT | President Obama and Vice
President Biden have just had yet another meeting with top lawmakers hoping to
reach an agreement about the debt ceiling.
Banks,
investors show no default leeway Obama administration officials have been
privately exploring with major banks and foreign investors whether the
government could devise a way to avoid a severe disruption in financial markets
if the federal debt ceiling is not raised. But the message back from the market
has been discouraging. (Washington Post) [ Oh yeah … major banks, foreign
investors, the so-called ‘market’, if you will, albeit manipulated; toward what
end? Oh riiiiight … the end. The point is, and this is an understatement,
they’ve been far less than brilliant. But they harken back to that ‘Gecko echo’
of ‘greed is good’ as their mantra and sine a quo non for their practiced
‘capitalism’; which, of course, differs in no way from the same creed of greed
practiced by the multitude of common criminals in pervasively corrupt america
particularly, and throughout the world generally. IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God bless us
everyone’! … As if we didn’t already
know it / feel it! ]The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far worse
than expected (and in this pre-election year the reality is still far worse
than reported), yet stocks still rallied off lows to keep suckers sucked in to
this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on
jersey-based, former Lautenberg ADP still paltry, better than expected 157,000
private jobs number and one’s got to wonder ‘who got paid’, one way or another,
for the fudge. Then there’s the horrific ‘american tech’. Retail? The defacto
bankrupt government’s probably buying with money they don’t have, at best; and,
as with other data in these desperate pre-election-year times, plain false,
falsified, fudged, spun. Previous day, all bad news … from eurozone (protugal,
et als), to asia zone (china worse than expected), to america (where to begin,
from defacto bankruptcy, to debased currency, to insurmountable debt / dervice,
to pervasive corruption, etc.) … stocks rally on fraud and b***s*** alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the same month
end (and quarter, half) spurt / window dressing based on b***s*** alone to keep
the suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing
the fiscal condition of Greece is not something that can be solved in a matter
of weeks, or even months… ‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the disaster
that was 2008. And now he’s issuing another dire warning. His technical
indicators suggest that the market manipulation we’ve seen over the last
several months is about to come to an end…and that means thousands of investors
are about to get clobbered. This correction could begin as soon as June 30th – so it’s important that you take action now to
prepare yourself. StealthStocksOnline.com
STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Bernanke
rejects debt-plan alternatives Fed chief urges Congress to come up with a
plan or risk a making “self-inflicted wound” to the economy. (Washington Post) [ And you really have to
admit, ‘no-recession-helicopter-ben-bs-bernanke’ knows a lot about
self-inflicted wounds. Sounds like a lot of self-serving posturing when you
take into account his ‘contribution’ to this egregious but not typical
Washington / american debacle. Bernanke:
Fed ‘prepared to respond’ The chairman raised the possibility of resuming
efforts to pump money into the economy. (Washington Post) [ The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed ! Think about this: short-lived Pavlov dog rally (the
conditioned stimulus) on hopes for more welfare for wall street and some good
results in communist China. This despite the previous failure of QE for
everyone but the frauds on wall street; and ultimately, though circumlocuted,
at great taxpayer expense. Titans of capitalism? How ‘bout the biggest
unprosecuted frauds in the world. Preposterous! Fed
worried about unemployment (AP) ‘Fed officials at their last meeting expressed
concerns that the weakening job market might hold back the economic recovery’.
Duh! Ya think! They’ve done such a wonderful job ameliorating such concern: A
Perfect Financial Storm? at Forbes Bert Dohmen ‘Surprise,
surprise! The bulls were shocked by the employment report on July 8.
Suddenly, all the talk of the past two weeks about much stronger economic
growth was put on ice and the two words, “double dip,” which was the headline
of my Wellington Letter two
months ago, are back … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ]
National / World
Secrets of the RAND CORP Exposed TheAlexJonesChannel
| Alex and crew visit the RAND Corp and cover the mushroom cloud and more.
RT: Alex Jones on Bohemian Grove RT
| America hosts its own top-secret pow-wow every summer in the woods of
California
Greenspan: Dumb Americans Deserve Unemployment Kurt
Nimmo | NAFTA and globalist trade agreements are responsible for killing
jobs, not the dismal test scores of Gen Xers.
NATO jets
violate Pakistani airspace Press TV | Several NATO fighter
jets have violated Pakistani airspace, making low flights into the country’s
troubled tribal northwestern regions.
Federal Court Rules TSA Violated Law By Introducing Body
Scanners Steve Watson | The D.C. Circuit Court of
Appeals ruled today that the TSA violated federal law by rolling out radiation
firing body scanners in airports without soliciting public comment.
Front Yard Gardener Faces New Charges Paul
Joseph Watson | Vendetta: Oak Park City pursuing criminal charges of
unlicensed dogs against Julie Bass.
US debt crisis: Obama warns of ‘tax rise for all’ if deal
cannot be done London Guardian | Barack Obama has
warned that the US is “running out of time” to raise the limit on US government
borrowing and that failure to do so will lead in effect to a tax increase for
all Americans.
Greenspan: Dumb Americans Deserve Unemployment Kurt
Nimmo | The former boss of the Federal Reserve, Alan Greenspan, said
the reason Gen-Xers are unemployed and suffering from a lower standard of
living is because they are lazy, stupid, and unproductive. ‘…Greenspan knows
all of this. It is particularly reprehensible that he would blame the victims,
especially considering the role he played in the globalist looting of America
…’
U.S. to recognize Libyan rebels as legitimate government Washington
Post | The United States is granting Libyan rebel leaders full
diplomatic recognition as the governing authority of Libya.
NATO chief calls for more planes to bomb Libyan targets Reuters
| NATO members should supply more warplanes to bomb Libyan military
targets, the alliance’s secretary-general said on Thursday.
S & P: America Could Default Even if Debt Ceiling is
Raised Washington’s Blog | plugging the major holes
in our economy is more important than either cutting spending or raising taxes.
France's Bruni confirms pregnant, won't reveal gender (or
paternity) or
Senate
works on framework to raise debt limit As a breakthrough in bipartisan
White House talks begins to look unlikely, Senate leaders work to craft an
alternative strategy.
(Washington Post) [ Sounds like a plan!
Riiiiight! That framework thing … for the spending thing … with money they
don’t really have on things they don’t really need, ie., the perma wars (that
military inferiority complex thing), etc.. Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the stalemate
over raising the debt limit.
(Washington Post) [McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new jersey,
new york, virginia, connecticut, california) carves out no exception for the
prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Ahmed
Wali Karzai killer was U.S. ally EXCLUSIVE | Afghan officials explore signs
that the Taliban convinced police commander to switch sides. (Washington Post)
[ For emphasis, let me reiterate at the outset that, ‘Whenever the government /
cia is involved as here, you’re lucky to get even a fraction of what actually
went down and why’. ‘If
they can kill Ahmed Wali ...’ After the Afghan president’s powerful
half-brother death, leaders are re-examining their inner circles. (Washington
Post) [ Oh come on! Let’s not over-react here. After all, he was heavily
involved in the u.s. government / military protected illegal heroin trade; and,
with the mentally challenged cia, of all organizations, as his partners among
others in crime. Kind of like ‘Godfather 3’ (masterfully by Francis Ford
Coppola, starring Al Pacino) where all these psychotic italian mental cases are
‘whacking’ each other based on greed, paranoia, etc.. Whenever the government /
cia is involved as here, you’re lucky to get even a fraction of what actually
went down and why. Killing
of Ahmed Karzai a setback for U.S. mission in Afghanistan American
officials say Afghan president’s half-brother had evolved from strongman to
influential ally. (Washington Post) [ Yeah! This is a biggy ‘cause he’s done
such a great job helping with america’s surging heroin production,
distribution, trade in Afghanistan; you know, one of pervasively corrupt,
defacto bankrupt america’s raison d’etres for being in Afghanistan. Yet, this
is even a bigger plus for the Taliban who had all but eradicated the opium
trade and the attendant corruption in Afghanistan. Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt
Nimmo | ‘CIA has been in the drug running business since the
1950s. Kurt Nimmo
Infowars.com July 12, 2011
Ahmad Wali Karzai , the half brother of Afghan president Hamid
Karzai, was assassinated by one of his own bodyguards Tuesday morning. Friend
and trusted head of security Sardar Mohammed shot him in the head and chest.
Mohammed was in turn shot and killed by fellow bodyguards. The Taliban claimed
responsibility for the assassination.
In 2009 it was
reported that Karzai was a major player in the Afghan opium trade. According to
reports, other members of the Karzai family are involved “head-to-heels”
in the drug business.
Ahmad Wali
Karzai also worked for the CIA .
“The
CIA has been complicit in the global drug trade for years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a report in Presscore , the
former Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of all drugs produced in Afghanistan is
being shipped aboard US aircraft. Foreign diplomats have stated that the United
States military buy drugs from local Afghan drug lords who deal with field
commanders overseeing eradication of drug production,” states the report. The
CIA provides protection for the enterprise.
The CIA has been in the drug running business since
the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan , the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international illicit
drug trade. The journalist Gary Webb and the San Jose Mercury News tied the CIA
and the Contras to a large crack cocaine ring in Los Angeles. Webb paid with
his life for revealing this information to the public.
Before the U.S. invaded Afghanistan, the Taliban had
imposed a ban on opium production. This resulted in opium production collapsing
by more than 90 per cent. It was the U.S. supported Northern Alliance that came
to the rescue and began protecting the production of raw opium.
“CIA-supported Mujahedeen rebels [who in 2001 were
part of the Northern Alliance] engaged heavily in drug trafficking while
fighting against the Soviet-supported government and its plans to reform the
very backward Afghan society,” William Blum
writes in The Real Drug Lords .
In a Fox News report aired in April of 2010,
correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate media has provided propaganda for the
CIA’s drug business. “Curbing the Taliban’s multimillion dollar opium poppy
business was a major goal of a military operation to seize this former
insurgent stronghold,” the Associated Press reported in March of 2010. “If they
destroy the crops and curb the trade, they lose the support of the population —
a problem for which they have no easy solution.”
IN FACT, AS PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST ELIMINATED THE
CROP A DECADE AGO.’
Panetta
shifts the viewpoint on U.S.-led wars The new Defense secretary makes it
clear he wants limits -- on military commanders, on allies' expectations and on
the U.S. defense budget -- to get off a permanent war footing. (LAT)[Sure could
have fooled us with his recent rhetoric, kind of like his ‘boss’,failed
president ‘wobama the b’ (for b***s***) Drudgereport: OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA) Hasn’t Panetta’s nose grown larger. Do you think he’s
related to puppet-master Geppetto and his line of Pinnochio puppets; Mr. Pinnochietta. [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ (but greecy Italy Italians voice concern over Italian
debt crisis scenario (WP) [ Whew! Close call! Nothing to worry about now that
wobama’s got a boehner;so not to be so hard on them;if pelosi says it,it must
be true;Not!Pervasively corrupt,defacto bankrupt america,they,she look pretty
greecey. After all,if the same’s wobama’s ‘far-reaching plan on debt’, we know
‘wobama the b’ is total b***s*** which means like Greecey PIIGS they’ll be back
to the trough for more … slop … py! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan |
..bush prepared to invade Iraq in 2002..likely cost would be $60 billion, said
Mitch Daniels of the OMB..finance the war with Iraqi oil,said Wolfowitz..the
cost of the Iraq War? It has passed $1 trillion..’, etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here) except the punch line: ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how we
need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
15 Examples That Show Many Americans Have Become So
Desperate That They Will Do Just About Anything For Money The
Economic Collapse July 14,
2011 ‘More Americans than ever are
desperate for money and many of them will do just about anything to get
it. The crumbling U.S. economy has pushed millions of ordinary Americans
to the brink of utter desperation. When it comes time to choose between
being able to survive or breaking the law, many people are choosing to break
the law. These days it seems like Americans will do just about anything
for money. All over the country, there are areas where just about
anything that is not bolted down is being stolen. A lot of people have
resorted to making money however they can – selling drugs, selling their
bodies, shoplifting, invading homes, taking bribes, running credit card scams
and even stealing from their own family members. You will have a hard
time believing some of the things that you are about to read below. When
people have their backs pushed up against the wall, often they find that they
are willing to do things that they never imagined that they would do.
Things are getting crazy out there on the streets of America, and as the
economy continues to decline things are going to get a lot crazier.
The following
are 15 examples that show many Americans have become so desperate that they
will do just about anything for money….
#1 In Utah, one unemployed 28 year old man is offering
to be “human prey” for hunters for the bargain price
of $10,000 . For an additional $2,000, he will let people hunt him
down while he is running around naked.
#2 The Huffington Post is
reporting that there has been an epidemic of air conditioning thefts all over
the United States….
Across the country, in states like Illinois, Texas,
Arizona, Georgia and Florida, there have been reports of thieves stealing
unsecured air conditioning units weighing as much as 125 pounds.
#3
In Corpus Christi, Texas thieves have actually been breaking into funeral
homes in order to steal
the embalming fluid .
#4 Even police officers are committing desperate acts
these days. Just check out what one police officer in Chicago is charged with doing ….
A Chicago Police officer stole $50,000 from his
ailing elderly father to pay off his bills and gambling debts and
unsuccessfully attempted to swipe his dad’s retirement savings by impersonating
him
#5
Nothing is off limits to thieves these days. Criminals recently broke
into a southwest Atlanta beauty supply store and took
off with $30,000 in hair extensions .
#6
In another area of Atlanta ,
thieves have been breaking down walls and busting bathroom fixtures with
sledgehammers in order to get their hands on copper, brass and steel….
Kids in two Atlanta communities won’t have their
neighborhood pools to help beat the summer heat, at least for now. Thieves used
what is believed to be sledge hammers to bust walls and break fixtures in
bathrooms at Adams and South Bend parks to steal copper, brass and steel.
#7
One grandmother in Florida has been accused of trying to sell her newborn
grandson for $75,000 .
#8
In Antioch, California a total of approximately 300 power poles were recently
knocked down by thieves and stripped of their copper wiring.
#9 In Minnesota recently, a mob of teen girls brutally
pummeled a mother and her two daughters until they were black
and blue . Apparently the mob of teen girls was enraged over a pair of
missing sunglasses.
#10 In Asheville, North Carolina thieves recently took
off with 4 metal tables and
16 metal chairs that were sitting outside a pizzeria.
#11 In Florida, thieves have actually been
stealing storm drain covers .
#12 In Oregon, thieves recently broke into a Salvation
Army community center and stole 3 large air conditioning units .
Now all the people that come to that facility for help and for community
programs this summer will be absolutely sweltering.
#13 In the Cleveland area, two young boys that had set
up a lemonade standwere robbed in broad
daylight . The crooks got away with approximately 12 dollars.
#14 In Oklahoma, thieves recently broke into a church
and stole “arts
and crafts supplies meant to help teach bible stories to children “.
#15 A 59 year old man from North Carolina named Richard
James Verone was so desperate for money that he actually robbed a bank and got caught on
purpose so that he could be put in prison and be given free health care.
One day Verone
walked into an RBC Bank in North Carolina, handed a clerk a note demanding
exactly one dollar and sat down and waited for the police to arrive and arrest
him.
Verone has a
growth on his chest and two ruptured disks but he does not have any health
insurance. He is hoping that in prison he will get the medical treatment
that he needs.
As society
continues to unravel, prison is going to look like an appealing option for more
and more people.
At least in
prison you get fed, you have a roof over your head and they will take care of
your medical needs.
For a whole
lot of Americans, that would be a major step up.
Have you noticed
that the thin veneer of civilization that we all take for granted is starting
to disappear?
America is
becoming a cold, cruel place and lawlessness is everywhere.
For many more
signs that our society is starting to crumble, please see these two articles….
*”18 Signs The Collapse
Of Society Is Accelerating ”
*”12 More Signs That Society Is
Collapsing ”
For ages,
Americans have looked down on the crime and the depravity that goes on in other
areas of the world.
Well, now
America has all of the crime and depravity it can handle and it is going to get
a lot worse as millions of formerly middle class Americans descend into poverty.
A regular
commenter on my website who identifies himself as “El Pollo de Oro” recently
described the kind of chaos that he believes is coming to the streets of
America….
I live in Philadelphia, a city that used to have a
ton of blue-collar manufacturing jobs as well as a great deal of white-collar
employment, but the blue-collar manufacturing jobs have disappeared–and on the
white-collar side, a college degree isn’t necessarily the ticket to prosperity
it once was. Philly has its share of nasty, dangerous ghetto areas as well as
ritzy, upscale areas like Rittenhouse Square. But then, there are parts of
Mexico City that look like Beverly Hills except that the signs are en espańol.
A minority of Chilangos are filthy rich, which is what you expect in a Third
World country: an uber-rich minority and a poor majority. And when The Banana
Republic of America (formerly the USA) signed on for globalism and ignored Ross
Perot’s warning, it opted to become a Third World country—which means that you
can kiss the American middle class goodbye.
But there will be some growth industries in The
Banana Republic of America: kidnapping, drug smuggling, murder for hire,
carjacking, armed robbery. And if you want a taste of what life will be like in
American cities in the future, just spend a few weeks in Guatemala City,
Johannesburg or Caracas—all of which have the type of horrible crime rates that
BRA cities can look forward to in the future. Desperate people do desperate
things, and hardcore desperation will be in the norm in the BRA. It won’t be
fun (unless, of course, being robbed at gunpoint in broad daylight is one’s
idea of a good time).
Welcome to life in a rotting, decaying Third World
hellhole. Welcome to the collapse of the Roman Empire. Welcome to life in The
Banana Republic of America, formerly the USA.
America is changing. The safe, secure
environment that we all used to take for granted is dying. The number of
truly desperate people rises by the day, and many of those desperate people are
willing to do just about anything for money.
The United States used to have a thriving middle
class, but our economic system has been so manipulated over the decades that
now almost all of the economic rewards go to the very top of the food chain.
25 years ago, the wealthiest 12 percent of all
Americans controlled 33 percent of all the wealth. Today, the wealthiest
1 percent of all Americans control 40 percent of all the
wealth.
In the United States today, we are actually
witnessing the death of the middle class .
Our jobs have been shipped overseas ,
the banks have enslaved us to debt, the government keeps finding more ways to
tax us and the Federal Reserve keeps debasing our currency.
Everywhere you go, despair is in the air.
According to a brand new Reuters/Ipsos poll, 63 percent of Americans believe that the
nation is on the wrong track.
Fortunately, many Americans are responding to these
signs of trouble by preparing.
One local Oklahoma newspaper
recently did an article that profiled a few of the growing number of Americans
that are preparing for hard times….
Rod and Lauretta Smith estimate they could survive a
year without going to the grocery store.
A large garden on their 5-acre property in south
Tulsa produces hundreds of quarts of canned and frozen beans, tomatoes and
other vegetables. Chickens provide eggs.
The Smiths are among a small but growing number of
people stocking up on food to become more self-reliant in a time marked by
natural disasters and economic uncertainty.
The truth is that all of us should try to become less
dependent on the system. The Democrats, the Republicans, the Federal
Reserve and the big corporations are not there to help you. They are not
going to come riding to the rescue if you lose your job and your home.
We all need to do what we can to become more
independent and to prepare ourselves and our families for the incredibly
difficult economic times that are inevitably coming. Those that have
faith that their jobs will always be there or that the government will always
take care of them will be deeply disappointed.
The system is dying and society is coming apart.
The only rational thing to do is to prepare for what
is coming.’
IMF
on Greece: ‘No room for slippage’
Even slight problems with timing of reforms are likely to push the
country’s debts to “unsustainable” levels.
(Washington Post) [ Slippage?
With all that ‘grease’ all over, how can that be avoided? Let’s get real! (CNBC) ‘… And it is not just Greece. After Greece is
dealt with, the eurozone must deal with Ireland and Portugal. And the market is
increasingly suggesting there is more risk there than the area can handle. Look
at the graph below, which shows the steady rise of interest rates for Ireland
and Portugal. This looks like Greece not so long ago. And Portugal now has
higher rates than Ireland. This means that both countries are effectively cut
out of the private market. (www.ifr.com ) http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%206.jpg
Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out …’ Up to 15 years needed to fix Greece: German president Reuters
| Greece will need a lot longer to resolve its debt problems than many
people in Europe are now acknowledging, German President Christian Wulff
said. (Washington Post) [ Yeah, dem’
darn PIIGS. Reminds me of that joke (I
won’t repeat it hereexcept the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy Italy
Italians voice concern over Italian debt crisis scenario (Washington Post) [
Whew! Close call! There you go. Nothing to worry about now that wobama’s got a
boehner … so not to be so hard on them; if pelosi says it, it must be true …
Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty
greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’,
we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like
Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Geithner says hard times to continue for many [ But not for his
frauds on wall street for whom everyone’s expected to keep sacrificing; and,
ultimately their negative churn-and-earn in real economic terms has to come
from some place, ie., you, yours, main street, etc., and has manifested in the
QE’s, etc.. Well, there you have it. The product of his, wobama et als’
policies; viz., unhappy days are here again’ or, hard times for most are here
to stay, or, you get the picture, your pain their gain. ] Moody's puts U.S. ratings on review for downgrade
Our
Debt Binge Is Ending — And The Middle Class Will Get Clobbered
Top 3 Reasons Markets Were Down After Bernanke Recanted July 14, 2011 Wall St Cheat Sheet ‘Markets
closed down on Wall Street today: Dow -0.44% , S&P -0.68% , Nasdaq -1.22% ,
Oil -2.15% , Gold +0.03% .
On the
commodities front, Oil fell to $95.94, while precious metals gained
slightly, with Gold up to $1,586.00 an ounce and Silver up 0.84% to $38.47 an
ounce.
Today’s
markets were down because:
1) No QE3?
While Bernanke seemed to hint at the possibility of a third round of
quantitative easing when addressing Congress yesterday, now he’s backing off , saying that the issue is “more complex” than
before QE2, and that the Fed is “not prepared at this point to take further
action.”
2) Techs,
Transports, and Cyclicals . While the Dow and S&P hovered close yesterday’s
closing figures, the Nasdaq dropped off more than 1%, with transports down 1.3% and industrials like Alcoa , Dupont , and 3M some
of the day’s worst performers. The cyclical and leading-edge sectors also did
poorly today. S&P industrials were down 0.7%, as was the S&P’s tech
sector. The S&P Small-Cap 600 was down 1.2%.
3) Downgrade
watch. Wednesday evening, Moody’s put the U.S.
on the watchlist for a possible credit rating downgrade , citing the “rising
possibility” that Congress won’t reach a deal to raise the debt ceiling on
time, triggering a selective default on government obligations. After American
investors have watched European stocks and American stocks tank every time a
relatively small Euro-Zone country gets downgraded by a ratings service, the
possibility that government of the country with the world’s largest economy
could be downgraded definitely has people scared. Hopefully after Obama’s
meetings with congressional leaders today and tomorrow, we’ll be privy to some
brighter news and see the markets rally like they did last week.’
Ben
Bernanke: Answers I Would Really Like to Know... at Minyanville
China, Wall Street pile pressure on US debt talks [ China?
Fraudulent wall street? Somehow this seems vaguely odd and doesn’t pass the
smell test for reasons difficult to put one’s finger on. ]
QE3
Off? Bernanke Says Fed Not Prepared To Take Action At This Point Zero
Hedge | When in doubt, baffle them with male cow manure.
U.S.
national debt: dancing on the brink of a world crisis Andrei Fedyashin
| Budget and debt problems are once again racking America.
New
Brown University Report Pegs The Real Cost Of Current Wars At $4 Trillion The
Daily Bail | The government has already paid $2.3 trillion to $2.7
trillion.
AAA
at Risk? ‘Moody’s got no clue, US downgrade long overdue’ RT |
Moody’s says it’s reviewing America’s top triple-A debt rating.
US
Rating Close to ‘Junk’: Independent Strategist CNBC.com |
Moody’s Rating Agency on Wednesday placed the U.S. triple-A rating on review
for a downgrade.
Fed
Chairman Bernanke Says “Gold Is Not Money” … But His Predecessor Alan Greenspan
Disagrees Washington’s Blog | Fed Chairman Bernanke told
congress today: ‘Gold isn’t money’. But Bernanke’s predecessor – former Fed
chair Alan Greenspan – disagrees.
Quantitative
Easing Rounds 1 and 2 Hurt the Economy … Bernanke Proposes Round 3 Washington’s
Blog | Federal Reserve chairman Ben Bernanke is hinting at a third
round of quantitative easing.
National / World
Barack
Obama, Cop Killer TheAlexJonesChannel | Obama
caught shipping guns to drug dealers who have killed at least 3 police
officers. Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here) except the punch line: ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Ron Paul Blasts GOP Establishment In Dramatic First
Campaign Video Steve Watson | Paul hits ground
running in Iowa and New Hampshire with presidential campaign ad that directly
targets the GOP leadership.
Rumsfeld Gets His Junk Touched Kurt
Nimmo | Does the TSA think Rummy’s carrying one of those newfangled
surgically implanted tummy bombs?
Obama Walkout Linked To Debt Panic Ploy? Paul
Joseph Watson | Obama: “This may bring my presidency down but I will
not yield on this”.
The Petulant Teleprompter: Obama “Abruptly” Walks Out Of
Debt Negotiations Tyler Durden | Odd how the debt
inccured for payment of pensions is being nicely trampled to make way for debt
incurred for payment of Federal worker bonuses…
Will the U.S. Default On Its Debt … Even If It Raises the
Debt Ceiling? Washington’s Blog | Many in
Washington are warning that – unless a compromise to raise the debt ceiling is
reached – the U.S will default on its debt.
Living in
and Through The Poison Century Janet C. Phelan | An ex-DEA
agent recently disclosed that the CIA did an aerial spray in California back in
the 50s.
Fluoride
consumption leads to brain damage, says study Ethan A. Huff
| It is becoming increasingly difficult for fluoride fanatics to defend the
practice of artificial water fluoridation.
Cellphones, Cancer
and Infertility Foxnews.com | Consumers need to understand
all potential health problems that could occur from long-term cell phone
radiation exposure.
42%
of Britons will get cancer, statistics show London Guardian |
It was one of the starkest statistics about the nation’s health – that one in
three of us would get cancer. Sadly, the figures have just got worse.
CNN exposes ‘terror expert’ as a fraud Raw
Story | CNN reported Wednesday that a so-called terrorism expert that
is paid with tax dollars and has even appeared on their own network may be a
fraud.
Obama Walkout Linked To Debt Panic Ploy? Paul
Joseph Watson | Obama: “This may bring my presidency down but I will
not yield on this”.
How Globalism Has Destroyed Our Jobs, Businesses And
National Wealth In 10 Easy Steps The American Dream |
As most Americans stand around waiting for the U.S. economy to return to
“normal”, there is a never ending parade of jobs, businesses and wealth heading
out of the United States.
Will the U.S. Default On Its Debt … Even If It Raises the
Debt Ceiling? Washington’s Blog | Many in
Washington are warning that – unless a compromise to raise the debt ceiling is
reached – the U.S will default on its debt.
Libya:
Col Gaddafi has ‘suicide plan’ to blow up Tripoli London Telegraph
| Col Muammar Gaddafi has a “suicidal plan” to blow up the capital
Tripoli if it is taken by rebels, the Kremlin’s special envoy to Libya said.
Arab
world’s ratings of Obama, US plummet: poll AFP | Two years
after US President Barack Obama called in a groundbreaking speech from Cairo
for a “new beginning” in relations with the Muslim world, his popularity among
Arabs has nosedived.
Libyan
rebels looted and beat civilians, rights group says CNN |
Libyan rebels have looted and burned homes and abused civilians, a human rights
group said Wednesday.
’1,108 Libyans
killed in NATO attacks’ Press TV | Libya’s prosecutor
general has said that NATO airstrikes have killed more than 1,100 civilians and
injured thousands of others since the end of March.
U.S. Used Strategic
Bombers Against Libya cryptogon.com | A quick symphony of
planning allowed USAF’s heavy bombers to strike 150 targets in Libya.
Pentagon loses 24,000 classified files in massive hacking breach
Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the marketplace.”And
the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
‘If
they can kill Ahmed Wali ...’ After the Afghan president’s powerful
half-brother death, leaders are re-examining their inner circles. (Washington
Post) [ Oh come on! Let’s not over-react here. After all, he was heavily
involved in the u.s. government / military protected illegal heroin trade; and,
with the mentally challenged cia, of all organizations, as his partners among
others in crime. Kind of like ‘Godfather 3’ (masterfully by Francis Ford
Coppola, starring Al Pacino) where all these psychotic italian mental cases are
‘whacking’ each other based on greed, paranoia, etc.. Whenever the government /
cia is involved as here, you’re lucky to get even a fraction of what actually
went down and why. Killing
of Ahmed Karzai a setback for U.S. mission in Afghanistan American
officials say Afghan president’s half-brother had evolved from strongman to
influential ally. (Washington Post) [ Yeah! This is a biggy ‘cause he’s done
such a great job helping with america’s surging heroin production,
distribution, trade in Afghanistan; you know, one of pervasively corrupt,
defacto bankrupt america’s raison d’etres for being in Afghanistan. Yet, this
is even a bigger plus for the Taliban who had all but eradicated the opium
trade and the attendant corruption in Afghanistan. Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt
Nimmo | ‘CIA has been in the drug running business since the
1950s. Kurt Nimmo
Infowars.com July 12, 2011
Ahmad Wali Karzai , the half brother of Afghan president Hamid
Karzai, was assassinated by one of his own bodyguards Tuesday morning. Friend
and trusted head of security Sardar Mohammed shot him in the head and chest.
Mohammed was in turn shot and killed by fellow bodyguards. The Taliban claimed
responsibility for the assassination.
In 2009 it was
reported that Karzai was a major player in the Afghan opium trade. According to
reports, other members of the Karzai family are involved “head-to-heels”
in the drug business.
Ahmad Wali
Karzai also worked for the CIA .
“The
CIA has been complicit in the global drug trade for years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a report in Presscore , the
former Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of all drugs produced in Afghanistan is
being shipped aboard US aircraft. Foreign diplomats have stated that the United
States military buy drugs from local Afghan drug lords who deal with field
commanders overseeing eradication of drug production,” states the report. The
CIA provides protection for the enterprise.
The CIA has been in the drug running business since
the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan , the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S. invaded Afghanistan, the Taliban had
imposed a ban on opium production. This resulted in opium production collapsing
by more than 90 per cent. It was the U.S. supported Northern Alliance that came
to the rescue and began protecting the production of raw opium.
“CIA-supported Mujahedeen rebels [who in 2001 were
part of the Northern Alliance] engaged heavily in drug trafficking while
fighting against the Soviet-supported government and its plans to reform the
very backward Afghan society,” William Blum
writes in The Real Drug Lords .
In a Fox News report aired in April of 2010,
correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate media has provided propaganda for the
CIA’s drug business. “Curbing the Taliban’s multimillion dollar opium poppy
business was a major goal of a military operation to seize this former
insurgent stronghold,” the Associated Press reported in March of 2010. “If they
destroy the crops and curb the trade, they lose the support of the population —
a problem for which they have no easy solution.”
IN FACT, AS PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST ELIMINATED THE
CROP A DECADE AGO.’
Panetta
shifts the viewpoint on U.S.-led wars The new Defense secretary makes it
clear he wants limits -- on military commanders, on allies' expectations and on
the U.S. defense budget -- to get off a permanent war footing. (LAT)[Sure could
have fooled us with his recent rhetoric, kind of like his ‘boss’,failed
president ‘wobama the b’ (for b***s***) Drudgereport: OBAMA: LET'S STAY IN IRAQ... FLASHBACK: 'I intend to
remove all U.S. troops from Iraq by the end of 2011'... REPORT: U.S. Air Force, Navy
still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA) Hasn’t Panetta’s nose grown larger. Do you think he’s
related to puppet-master Geppetto and his line of Pinnochio puppets; Mr.
Pinnochietta. [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ (but greecy Italy Italians voice concern over Italian
debt crisis scenario (WP) [ Whew! Close call! Nothing to worry about now that
wobama’s got a boehner;so not to be so hard on them;if pelosi says it,it must
be true;Not!Pervasively corrupt,defacto bankrupt america,they,she look pretty
greecey. After all,if the same’s wobama’s ‘far-reaching plan on debt’, we know
‘wobama the b’ is total b***s*** which means like Greecey PIIGS they’ll be back
to the trough for more … slop … py! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Boy
sells kidney to buy iPad, now regrets decision as his health wanes
Natural News | Some people will do anything to obtain the latest
Apple technology, which apparently includes selling their vital organs.
U.S.
trade gap unexpectedly widens The trade deficit widened in May to the
highest level in almost three years on jump in oil imports.(Washington Post) [
Indeed! But unexpectedly? Hardly. Debasing a nation’s currency as has been done
here in pervasively corrupt, defacto bankrupt america for the sake of the
frauds on wall street tends to have that effect on oil, commodities, as well as
those ever more worthless paper stocks, except as measured by other than
defacto bankrupt america’s ever more worthless paper currency. In other words,
it takes more ever more worthless over-printed/created paper currency for each
hard asset (ie., precious metals, barrels of oil, and unfortunately owing to a
more amorphous and hence, ripe for fraud valuation process, those churned paper
stocks on fraudulent wall street. Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone
else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Morgan Stanley studies thousands of layoffs: report
Top 3 Reasons Markets Were Up After Bernanke Addressed Congress Wall St Cheat
Sheet July 13,
2011 ‘
Today’s
markets were up because:
1) China’s
GDP. Investors in the western world awoke to news that the world’s
second-largest economy grew at an annually adjusted rate of 9.5% between April
and June. China’s size and exploding consumption make it a huge player in the
global market. Just as an example, strong
demand in China for luxury vehicles has helped prop up sales for automakers
like BMW (ETR:BMW) and Volkswagen (Other OTC:VLKAY.PK ), both of which
expect to make record sales in 2011. Today’s numbers also helped propel rare
earth stocks Molycorp , Avalon Rare Metals , Thompson Creek Metals ,
General Moly Inc. , PolyMet Mining corp. , and Freeport-McMoRan Copper &
Gold Inc. .
2) QE3.
Markets have been down for the last three sessions as the public keeps getting
hammered by reports of slowing economic growth. But today’s markets took a turn
when the Fed
released a report saying that they expect the pace of the economic recovery
to pick up in the second half of the year, and if it doesn’t, they haven’t
ruled out a third round of quantitative easing, should it become necessary. The
country breathed a collective sigh of relief, which was followed by the ka-CHING
of a cash register.
3) Congress
gets its act together . As I write, President Obama is currently meeting with
Democratic and Republican leaders of Congress to discuss raising the debt ceiling . Late Tuesday, Senate
Republican Mitch McConnell suggested a plan that would allow Obama to raise the
debt ceiling on his own. Even more astonishing than the proposal was that it
had bi-partisan backing, with Democrat and Senate Majority Leader Harry Reid
agreeing that the deal could help solve the current impasse in deficit-reduction
discussions…’
Count
On UPS To Deliver To $80 at Forbes [ UPS is one of those rare,
well-managed exceptions in pervasively corrupt, defacto bankrupt america that
does indeed deliver! ]
Minyanville's
T3 Daily Recap: Market Erases Early Bernanke-Induced Gains at
Minyanville ‘US stocks looked set to post big gains on Wednesday
following more dovish comments from Fed Chairman Ben Bernanke, who was making
his regularly scheduled testimony in front of Congress commodities
What's
Next for Gold After New All-Time Highs? at Minyanville
Stock
ETF Rally Fizzles; Moody’s Says U.S. Bond Rating Under Review ETF [email protected] (Tom Lydon), July 13,
2011, 5:26 pm ‘ Stock exchange
traded funds faded Wednesday after a morning rally but the real bombshell was
dropped on markets after the closing bell when Moody’s said it is reviewing its
Aaa rating on U.S. government bonds.
Moody’s said
it placed the rating on review for possible downgrade on concerns a deal on the
U.S. debt ceiling may not be reached in Washington.
“The review of
the U.S. government’s bond rating is prompted by the possibility that the debt
limit will not be raised in time to prevent a missed payment of interest or
principal on outstanding bonds and notes. As such, there is a small but rising
risk of a short-lived default,” the ratings agency said.
“Moody’s
considers the probability of a default on interest payments to be low but no
longer to be de minimis,” it added.
U.S. stock
ETFs closed well off their highs Wednesday as earlier gains fizzled after
Federal Reserve Chairman Ben Bernanke said the central bank stands ready to
change monetary policy in response to economic weakness.
Treasury ETFs
erased early losses and closed higher Wednesday. [Treasury ETFs Volatile on
‘QE3’ Talk]…’
Bernanke's
"Untested" Stimulus Strategies Are Destined to Fail at
Minyanville
Dutch exposure to Greece and the other PIIGS countries: it
is time to end the bailout madness. | Ernst's Blog
Bernanke
Says Fed Would Consider New Stimulus Effort New York Times
| While no additional actions appear imminent, Mr. Bernanke said in
congressional testimony Wednesday that the Fed would be prepared to act if
necessary.
Bernanke
Fights Ron Paul In Congress: ‘Gold Isn’t Money’ Forbes |
Chairman Bernanke faced-off with Fed-hating Ron Paul during his monetary policy
report.
Dollar
Falls as Fed Announces Possible QE3 Reuters | Dollar fell
against most major currencies and pushed the euro near $1.42, moving it further
from the prior session’s four-month low.
The next big hit to
the economy? The Lookout | Disappearance of jobless
benefits will take money out of circulation when economic growth is seeking to
gain some traction.
James
Turk: “Gold Is Our Defense Against the Fiat Currency Graveyard” Chris
Martenson | Money printing is the order of the day.
US
trade deficit widens to more than $50bn in May BBC | Oil
prices helped push imports to the second highest level on record, while exports
fell slightly from April’s record high.
Tonight
Tens Of Thousands Of Formerly Middle Class Americans Will Be Sleeping In Their
Cars The Economic Collapse | Economic despair is beginning
to spread rapidly in America.
Richard
Wolff: US is in serious trouble RT | What happens when
state and federal benefits run out later this year?
Rating
Agency Wars 2: The New Evil Empire Strikes Back – Dagong Says Likely To
Downgrade US Even If Debt Limit Raised Tyler Durden | The
US’ sovereign credit rating is likely to be downgraded regardless of whether
the US Congress reaches an agreement on raising its statutory debt limit.
EU
declares war on agencies as Ireland’s rating gets junk status London
Guardian | Ireland yesterday became the third eurozone country to have
its credit rating downgraded to junk status.
National / World
Senator: Obama Creating Panic To Push Through Debt Hike Paul
Joseph Watson | Fearmongering echoes how Congress was threatened with
“martial law in America” before the 2008 bailout vote.
Moody’s Puts USA On Credit Downgrade Watch CNBC
| Moody’s has placed the US government AAA bond rating on watch for a
downgrade. IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know / feel it! ]
McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it owes
$15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP)
in the form of unfunded liabilities. The funniest thing about this (and you
have to laugh) is to see Conservative pundits get on TV and talk about how we
need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to recommend
it. My own direct experience with the region(s) (particularly new jersey, new
york, virginia, connecticut, california) carves out no exception for the
prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Rights Group Urges Congress To Scrap Privacy Busting
Internet Bill Steve Watson | A prominent online
rights group has urged US lawmakers to scrap a proposal that would see all
internet providers required by federal law to store information on their
customers.Mom Arrested After Refusing TSA Molestation of Daughter Kurt
Nimmo | Abbott was arrested by Nashville airport authorities after she
refused to let the TSA fondle her daughter.Sen. Mitch McConnell is Killing The Republic TheAlexJonesChannel
| In blatant contradiction to the Constitution and intent for the
separation of powers.
Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here) except the punch line: ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Vladimir Putin Calls Bernanke A Hooligan, Angry At
American Money Printing Tyler Durden | Who would
have thought that Ron Paul’s ideological ally in his quest to take down the
Chairsatan would be none other than Vladimir Putin.
Belfast
riots: More video of ‘Molotov cocktail’ battles in N. Ireland Russia
Today | Northern Ireland’s annual day of Protestant marches reached a
fiery climax.
Three Blasts Reported
In Mumbai Business Insider | Four people have been reported
killed and 60 people have been injured in three blasts that took place in
Mumbai, late Wednesday.
‘Stupid
Libya war doomed to fail as EU falling apart itself’ RT |
The French Parliament is due to vote on extending the military campaign in
Libya.
US airstrike
kills 4 Afghan civilians A US airstrike has killed at least four civilians
in Kunar province in northeast Afghanistan.
Killing
of Ahmed Karzai a setback for U.S. mission in Afghanistan American
officials say Afghan president’s half-brother had evolved from strongman to
influential ally. (Washington Post) [ Yeah! This is a biggy ‘cause he’s done
such a great job helping with america’s surging heroin production,
distribution, trade in Afghanistan; you know, one of pervasively corrupt,
defacto bankrupt america’s raison d’etres for being in Afghanistan. Yet, this
is even a bigger plus for the Taliban who had all but eradicated the opium
trade and the attendant corruption in Afghanistan. Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt
Nimmo | ‘CIA has been in the drug running business since the
1950s. Kurt Nimmo
Infowars.com July 12, 2011
Ahmad Wali Karzai , the half brother of Afghan president Hamid
Karzai, was assassinated by one of his own bodyguards Tuesday morning. Friend
and trusted head of security Sardar Mohammed shot him in the head and chest.
Mohammed was in turn shot and killed by fellow bodyguards. The Taliban claimed
responsibility for the assassination.
In 2009 it was
reported that Karzai was a major player in the Afghan opium trade. According to
reports, other members of the Karzai family are involved
“head-to-heels” in the drug business.
Ahmad Wali
Karzai also worked for the CIA .
“The
CIA has been complicit in the global drug trade for years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a report in Presscore , the
former Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of all drugs produced in Afghanistan is
being shipped aboard US aircraft. Foreign diplomats have stated that the United
States military buy drugs from local Afghan drug lords who deal with field
commanders overseeing eradication of drug production,” states the report. The
CIA provides protection for the enterprise.
The CIA has been in the drug running business since
the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan , the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S. invaded Afghanistan, the Taliban had
imposed a ban on opium production. This resulted in opium production collapsing
by more than 90 per cent. It was the U.S. supported Northern Alliance that came
to the rescue and began protecting the production of raw opium.
“CIA-supported Mujahedeen rebels [who in 2001 were
part of the Northern Alliance] engaged heavily in drug trafficking while
fighting against the Soviet-supported government and its plans to reform the
very backward Afghan society,” William Blum
writes in The Real Drug Lords .
In a Fox News report aired in April of 2010, correspondent
Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate media has provided propaganda for the
CIA’s drug business. “Curbing the Taliban’s multimillion dollar opium poppy
business was a major goal of a military operation to seize this former
insurgent stronghold,” the Associated Press reported in March of 2010. “If they
destroy the crops and curb the trade, they lose the support of the population —
a problem for which they have no easy solution.”
IN FACT, AS PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST ELIMINATED THE
CROP A DECADE AGO.’
A
Perfect Financial Storm? at Forbes Bert Dohmen ‘Surprise,
surprise! The bulls were shocked by the employment report on July 8.
Suddenly, all the talk of the past two weeks about much stronger economic
growth was put on ice and the two words, “double dip,” which was the headline
of my Wellington Letter two
months ago, are back.
One headline
on June 8 was “U.S. jobs growth ground to a near halt in June.” Nonfarm
payrolls rose only 18,000 in June, the weakest since September. Yesterday, the
ADP report suggested about 150,000 new jobs, but the ADP numbers are very
unreliable. The unemployment rate climbed to a six-month high of 9.2 percent
from 9.1 percent in May. The number of job seekers in the labor force declined
by 270,000 to one of the lowest levels in over three decades. If it
hadn’t been for that, the unemployment rate would have been higher.
All of this
was entirely predictable since February when we warned of a sharp slowdown in
the economy, while Wall Street was talking about a good recovery. The reality
of a sharply decelerating economy can no longer be denied. There were
numerous clues several months ago. One was the fact that Federal corporate
income tax receipts plunged 31% in the first quarter of 2011 from a year
earlier. There is an excellent correlation between tax receipts and economic
growth.
Other clues
are the plunge in money velocity, no consumer credit growth, barely noticeable
business credit growth, and the erroneous “real” GDP numbers that overstate
actual growth because of faulty inflation measures.
You see,
“real,” inflation-adjusted GDP growth is already down 50% from the
optimistic Wall Street forecasts of early this year. But it’s actually much
worse. GDP numbers are inflated because of strong price increases that are not
reflected in the government’s inflation statistics. That’s not “growth.” If
actual inflation were deducted from nominal GDP, it would show that the economy
is already in recession.
The Institute
for Supply Management’s (ISM) factory index fell to 53.5 in May, the lowest
since September 2009. Do you remember the disastrous economy in 2009?
“Private employment” now is 2% below the level of ten years ago. Such a
long term job loss over 10 years is unprecedented, going back to 1890.
Our president
tells us that “he” has created 2 million jobs. The fact is that only 1.8
million of the 8.7 million jobs lost in the recession of 2007-2009 have been
regained. That’s a mere 20%. If that were a stock or the market, we would call
it a “dead cat bounce.”
The Empire
State survey of manufacturing conditions on June 15 reported a big drop to
minus 7.8 from a plus 11.9 the prior month. Here we are, tumbling downward, but
economists tell us of “how great it’s going to be later this year.”
This is not an
economic recovery, but a weak bounce. The problem for the economy is
Washington. The great uncertainty produced by a never-ending avalanche of new
regulations, programs and proposals puts small business people in a position of
inaction. The only solution to the economic malaise is jobs, jobs, jobs. But
the greatest employers, small businesses, have no reason to hire.
The problem in
Washington is that there are too many so-called “lawmakers;” they “work” full
time, are in session every year, and are easy targets for all the goodies the
lobbyists pass out. They have been making laws for more than 200 years, and
they still aren’t done.
A New
Credit Crisis?
There is now a
convergence of huge credit problems:
1. Europe and
the sovereign debt of the PIIGS countries
2. China and
the imploding real estate bubble
3. The U.S.
with the debate of the debt ceiling and significant expenditure cuts
We could call
it a perfect financial storm.
Wishing you
capital preservation.’
Crude
Imports Spark New Growth in Trade Deficit Wall St. Cheat Sheet
Fed Is Still The Market's Friend, Thanks To A Weak Recovery Advisor
Intelligence/Forbes Kevin Mahn ‘Federal Reserve
Chairman Ben Bernanke announced late last month, during the second of the Fed’s
post-meeting press conferences, that Federal Reserve board members and Federal
Reserve Bank presidents have revised their economic growth forecasts for the
balance of 2011 and for 2012 and 2013 as well.
To be
specific, the Federal Reserve cut their forecasts for gross domestic product
(GDP), an often-used measure of growth in the U.S. economy, to a range of
2.7%-2.9% from a range of 3.1%-3.3% (which interestingly was also revised down
from a range of 3.4%-3.9% as recently as April 2011).
In addition
minutes of the Fed’s last meeting, released Tuesday, confirm that some Fed
officials stand ready to provide additional monetary stimulus if the recovery
continues to sputter.
Further, GDP
growth forecasts were lowered to a range of 3.3%-3.7% from a range of 3.5%-4.2%
in 2012 and to a range of 3.5%-4.2% from a range of 3.5%-4.3% in 2013.
The Federal
Reserve also adjusted their forecasts for unemployment and inflation, with both
forecasts adjusted upward for the balance of 2011 as well as for the calendar
years of 2012 and 2013.
http://blogs-images.forbes.com/investor/files/2011/06/washington-post_fed_june-2011-300x231.jpg
Source: Federal Reserve. The Washington Post, “Federal
Reserve, acknowledging slowdown, reins in forecast for economic growth” as
published on June 22, 2011.
I was not
surprised by the revisions to the Federal Reserve forecasts as they reiterate
the numerous headwinds that currently face the stalling U.S. economic recovery.
Such headwinds can be found in the jobs, housing and commodities markets.
While Chairman
Bernanke indicated that “temporary factors are in part the reason for the
slowdown,” we can only hope that the effects of the cited headwinds are
temporary as these headwinds place further stress on already strained U.S.
consumers whose spending patterns are a critical component of a robust and
sustainable U.S. economic recovery.
Remember that
consumer spending currently accounts for approximately 70% of our nation’s GDP.
Hence, consumer spending and economic growth are highly correlated and when
Americans are uncertain about their household finances and start to rein in
their own spending, the U.S. economy, in turn, generally does not grow as much
as the following chart helps to illustrate.
http://blogs-images.forbes.com/investor/files/2011/06/the-atlantic_gdp-and-spending_april-2011-300x154.png
Source: Bureau of Economic Analysis. The Atlantic,”
Chart of the Day: How Slower Consumer Spending Stifles GDP” as published on
April 28, 2011…’
Minyanville's T3 Daily Recap: Market Averts Disaster, but Sags
Late to Close Red ‘‘US markets closed in the red on
Tuesday after turning lower in the afternoon, but given the magnitude of
pre-market losses, today really amounts to a great escape for the bulls. S&P
futures were down 15 handles overnight, and Italian markets were down nearly 5%
before rallying green and preventing a sharply lower open stateside. For now it
appears there are willing buyers on dips, but given the barrage of negative
headlines from Europe and a still bleak jobs picture, it's difficult to be
overly bullish. Retail stocks
Lululemon Athletica Inc. (LULU Under Armour
(UA Abercrombie
& Fitch (ANF retailers Apple (AAPL
Will the Second
Half of 2011 Be as Rocky as the First? ETFguide Simon
Maierhofer, July 12, 2011, Time flies. The 2011 calendar year is already half over,
and based on the main stream 2011 outlook, the market's performance surprised
many. I forgot just how bullish Wall Street and the media was when coming into
2011. Look at the headlines below and you'll see what I mean.
'Get over your
fear and get back into stocks' - USA Today, 12-17-2010
'Bullish on
tech and 2011' - Barrons, 12-20-2010
'Don't see a
double dip for housing' - Morningstar, 12-29-2010
'Economic
rebound forecast for 2011' - Seattle Times, 12-12-2010
'Investor's
forecast: Sunny with a chance of overheating' - WSJ, 1-3-2011
'Why U.S.
stocks may finally be a good buy' - Mootley Fool, 1-3-2011
'Real estate:
Finally a good investment' - SmartMoney, 1-19-2011
'Why the
S&P is still a bargain' - USNews, 2-4-2011
'11 signs the
economy is on the right path' - MarketWatch, 2-10-2011
Judging the
media with 20/20 hindsight is always a blast, but I must admit that I was too
chicken to provide a full 2011 forecast via the ETF Profit Strategy Newsletter.
Vaguely
Accurate
Here's what I
told Investor's Business Daily when they asked me for my 2011 forecast
(published in IBD's December, 22, 2010 paper):
'The Fed is
creating a bubble to contain the damage left behind by the bust of the previous
bubble(s). QE2, as desired by the Fed, has led to indiscriminate buying of
stocks and commodities.
On a historic
basis, stocks are overvalued and set to deliver long-term pain, not gain. Based
on various sentiment gauges (Institutional Investor survey of newsletter
writers and American Association for Individual Investors' survey of retail
investors, the VIX, Chicago Board Options Exchange Market Volatility Index, and
CBOE put/call ratio), investors are as optimistic about rising prices today as
they were in late 2007.
Compared to
2007, unemployment has doubled, GDP has tumbled, Americans' desire to spend has
morphed into a new frugality and Europe has caught a contagious financial
virus. Based on sentiment, the cork may pop at any time, although I wouldn't be
surprised if the Fed's POMO (permanent open-market operations) activity can
keep prices afloat through much of 2011. The upside is risky and active traders
may follow the trend until it's broken.'
I admit that
the outlook was somewhat on the vague side but it steered investors in the
right direction - follow the trend but watch out for a correction and a
possibly significant market top. The chart below provides a glance at the
S&P's performance since January 1, 2011 along with various
support/resistance points outlined by the ETF Profit Strategy Newsletter.
http://www.etfguide.com/images/PDNewsletter_Images/spx%20-%207%2012%2011.gif
One Month
at a Time
With the major
index stretched to the breaking point but momentum still strong, my strategy
was to tackle the market one month at a time. Initially it made no sense to
buck the trend, but by mid-February, the market seemed to have reached a
breaking point. On February 18, I warned via the ETF Profit Strategy Newsletter
that: 'A fast and steep sell off from current prices is possible.' However, 'If
stocks don't fall below 1,255 and 1,229 we expect new recovery highs later in
2011.'
February 18
was a Friday. The following Monday was a red-across-the-board kind of a day.
The Nasdaq (Nasdaq: ^IXIC) opened Monday 38 points lower than it closed Friday
and dropped an additional 39 points during the day.
Formerly
high-flying sectors like consumer discretionary (NYSEArca: XLY - News ), industrials (NYSEArca: XLI - News ), materials (NYSEArca: XLB - News ), retail (NYSEArca: XRT - News ) and technology (NYSEArca: XLK - News ) followed suit. The S&P
(SNP: ^GSPC) dropped 23 points and the Dow (DJI: ^DJI) 177 points.
About two
weeks later, the Japan Earthquake news rocked the world and saw another wave of
selling. But, the S&P never closed below the 1,255 support and triggered a
low-risk buy signal the week of March 14 (March 20, ETF Profit Strategy
Update).
The up side
target was outlined in the April 3 update of the newsletter: 'There is a fairly
strong Fibonacci projection resistance at 1,369. In terms of resistance levels,
the 1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a
reversal of potentially historic proportions.'
Bearish
Case, Not Closed Yet
The S&P
climbed as high as 1,370 and has since dropped as much as 110 points. But once
again, support surrounding the 1,255 level has not been breached.
In fact
investor sentiment turned decisively bearish when the S&P clocked in at
1,259. The June 17 ETF Profit Strategy Newsletter summed the sentiment picture
up as follows: 'It's soo bad, it's good. We expect at the very least a relief
rally.'
This rally
came and frizzled away over the last three trading days. Can it last?
The Presidential
Election Cycle, which sports gang buster pre-elections year performance,
supports the idea of new highs later on in 2011. Naturally, the incumbent
President will do whatever he can to court Americans for their vote.
Financial
Trickery
Shenanigans
designed to 'bribe' investors include maneuvers like releasing a portion of the
U.S. Strategic Petroleum Reserve. According to the New York Times, tapping into
the oil reserve for frivolous reasons is a bad idea because the oil (NYSEArca: USO - News ) will eventually have to be
replaced, usually at higher prices. But right now, the priority is to make
voters happy. Low gas prices will do just that.
Other financial
tricks include changing how the Consumer Price Index (CPI) is calculated.
Lawmakers are proposing to change the CPI methodology to include changed
spending patterns caused by price increase. For example, consumers tend to
drive less when gas prices increase.
This would
artificially lower the CPI and lower federal spending by around $220 billion
over the next decade. Passing such a proposal would surely be touted as a
victory in the battle against the debt ceiling while social security recipients
see their monthly checks shrink (social security payments are linked to the
CPI).
Another trick
is 'QE2-light'. Yes, even though QE2 is officially over, the Federal Reserve
will continue to reinvest maturing securities and buy Treasuries (NYSEArca: TLT - News ) from banks (NYSEArca: KBE - News ) at the rate of about $25
billion a month over the next year.
2011
Outlook
Quite frankly,
formulating a high confidence 2011 outlook right now is tricky (isn't it
always). But here is what we do know:
A major market
top is forming. The S&P reached the bottom end of our target range (1,369)
and was clearly rejected …’
Stocks fall after Ireland downgrade erases gains
Proper
Risk Assessment Exposes A Rally's True Character at Forbes William Scott O'Neil In our shop, trend-following is at the core
of our investing beliefs. We buy stocks when prices are trending up and sell or
sell short when prices are trending down. We also closely weigh the overall balance
between risk and reward in the market. Even though the last few weeks have been
the strongest short-term uptrend the market has had this year, my optimism is
guarded. The reason is risk.
Since the
beginning of the year, the risk factors have been piling up. When coupled with
the beginnings of a new downtrend back in June, I felt comfortable calling the
market top (See Is
the Bull Market Over?
This kind of
situation gives investors hope, and that hope can make them myopic. A strong
two weeks does not erase the persistent risk factors hanging over the market.
Aside from the factors discussed in my previous posts, here are some new
developments:
The market is trading near the upper end of
overhead resistance levels. For the uptrend to continue, we’d have to
clear this upper area of resistance, consolidate, and resume the uptrend
in a meaningful way. As we come out of that consolidation, it would
be very positive to see true conviction (volume) returning to the indexes. After studying the recovery phase of the last
seven major bear markets (those down 45% or more, peak to trough), the
average gain in year three was 3%. As we are now in year three, the best
case scenario is probably a choppy, volatile market going
forward. The only positive catalyst on the horizon is
earnings season. Earnings are projected to be, once again, very strong, (Alcoa
kicked off earnings season yesterday by hitting EPS expectations of 32
cents) but remember, last quarter’s earnings were excellent (by and
large), and the market was unable to lift and move higher. There is a lack of conviction on behalf of stock
buyers. The last eight up days in a row, with closes at the top of the
range on the NASDAQ, have been positive, but all of the up days have been
on volume less than the 50-day average volume. Several leading stocks have broken out of chart
patterns on lower volume. Results from these breakouts have been mixed,
and to me, the breakout failures cast doubt on a sustained uptrend. Many leading stocks are around their 52-week
highs, but they got there on mediocre volume. This underscores a lack of
conviction within this market environment. Significant market uptrends normally don’t start
in July (the peak of the summer doldrums). The market is still very sensitive to the news
of the day…’
Is
the Bull Market Over? (more accurately, bull cycle in a secular bear
market – answer: Yes!) William Scott
O'Neil ‘On May 23, I posted an article on Intelligent Investing titled Is
the Bull Market Topping?
In our shop,
however, we never dig in our heels when it comes to the stock market; we remain
flexible in our thinking. Quite frankly, I would love to have the market prove
me wrong and resume a meaningful uptrend. Remember, there is never really a
bull or bear side, just the right side.
However, my
big concern at this point is the lack of a catalyst. For the risk-reward ratio
to improve in our favor, I believe we need resolution on some of the more
pressing domestic and international issues. Some of the most respected minds in
the market have recently told me that, in all their years in the industry, they
have never seen so many major issues happening across the world at the same
time.
Certainly
meaningful job growth in this country would help. And the way to grow jobs is
through the creation and expansion of businesses, particularly small businesses.
Small business creates roughly 85% of all jobs in this country. We also have to
implement an effective solution to the real estate housing glut.
Studying the
recovery phase of the last seven major bear markets (those down 45% or more,
peak to trough), the average gain in year three was 3%. We are now in year
three. So, to me, the best-case scenario right now is a continuation of a
sideways, back-and-forth, volatile market, which is the most dangerous type.
A choppy
market is much more dangerous than a down trending market (assuming the
investor uses selling rules). Thus my interpretation of the risk-reward at this
time is very, very poor.
We will
inevitably get several short-term bounces, but will they be significant enough
to build substantial positions over time?’
The next big hit to
the economy? The Lookout | Disappearance of jobless
benefits will take money out of circulation when economic growth is seeking to
gain some traction.
Moody's downgrades Ireland debt to junk status
Trade gap surges to nearly 3-year high on oil
James
Turk: “Gold Is Our Defense Against the Fiat Currency Graveyard” Chris
Martenson | Money printing is the order of the day.
US
trade deficit widens to more than $50bn in May BBC | Oil
prices helped push imports to the second highest level on record, while exports
fell slightly from April’s record high.
Stocks open
sharply lower on global fears AP | Stock markets opening
lower amid fresh fears about global economy.
Gold
In Euros At New Record As Fears Of European Contagion Get Worse Zero
Hedge | Gold is trading at $1,543.94/oz, €1,108.99/oz and Ł976.81/oz.
A
Bad Mood Has Descended On World Financial Markets The Economic
Collapse | Have you noticed that a really bad mood seems to have descended
on world financial markets?
Cisco To Fire 10,000
People Business Insider | Cisco is planning to fire as
many as 10,000 people, Bloomberg reports.
An
Explanation Of What Is Really Going On Behind The Scenes As Rome Burns Tyler
Durden | Unable to keep with the events in Europe which are now
literally changing on an hourly basis? Fear not.
National / World
Less Than One Quarter Support Obama’s Libya Bombardment Steve
Watson | A new Rasmussen poll reveals that less than one quarter of
voters believe that the U.S. should continue military action in Libya.
Wikileaks’ Assange to Address 9/11 Conspiracy? Prison
Planet Live | Assange may be about to address concerns over his
comments last year that 9/11 truth was a “false conspiracy” which he found
“annoying”.
Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt
Nimmo | Ahmad Wali Karzai, the half brother of Afghan president Hamid
Karzai, was assassinated by one of his own bodyguards Tuesday morning.
U.S. Drones Kill 45 In Pakistan; 2nd Highest Death Toll
Ever Business Insider | The drone strikes came just
a day after the U.S. suspended $800 million of military aid to Pakistan, citing
“difficulties” in the relationship.
Mexican Outlaws Get Guns Via ATF Joseph
Alan Sanchez | The ultimate end of the plan is to make possession of
guns the ultimate evil.
Less Than One Quarter Support Obama’s Libya Bombardment Steve
Watson | A new Rasmussen poll reveals that less than one quarter of
voters believe that the U.S. should continue military action in Libya.
Wikileaks’ Assange to Address 9/11 Conspiracy? Prison
Planet Live | Assange may be about to address concerns over his
comments last year that 9/11 truth was a “false conspiracy” which he found
“annoying”.
Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt
Nimmo | ‘CIA has been in the drug running business since the
1950s. Kurt Nimmo
Infowars.com July 12, 2011
Ahmad Wali Karzai , the half brother of Afghan president Hamid
Karzai, was assassinated by one of his own bodyguards Tuesday morning. Friend
and trusted head of security Sardar Mohammed shot him in the head and chest.
Mohammed was in turn shot and killed by fellow bodyguards. The Taliban claimed
responsibility for the assassination.
In 2009 it was
reported that Karzai was a major player in the Afghan opium trade. According to
reports, other members of the Karzai family are involved
“head-to-heels” in the drug business.
Ahmad Wali
Karzai also worked for the CIA .
“The
CIA has been complicit in the global drug trade for years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a report in Presscore , the
former Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of all drugs produced in Afghanistan is
being shipped aboard US aircraft. Foreign diplomats have stated that the United
States military buy drugs from local Afghan drug lords who deal with field
commanders overseeing eradication of drug production,” states the report. The
CIA provides protection for the enterprise.
The CIA has been in the drug running business since
the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan , the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S. invaded Afghanistan, the Taliban had
imposed a ban on opium production. This resulted in opium production collapsing
by more than 90 per cent. It was the U.S. supported Northern Alliance that came
to the rescue and began protecting the production of raw opium.
“CIA-supported Mujahedeen rebels [who in 2001 were
part of the Northern Alliance] engaged heavily in drug trafficking while
fighting against the Soviet-supported government and its plans to reform the
very backward Afghan society,” William Blum
writes in The Real Drug Lords .
In a Fox News report aired in April of 2010,
correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate media has provided propaganda for the
CIA’s drug business. “Curbing the Taliban’s multimillion dollar opium poppy
business was a major goal of a military operation to seize this former
insurgent stronghold,” the Associated Press reported in March of 2010. “If they
destroy the crops and curb the trade, they lose the support of the population —
a problem for which they have no easy solution.”
IN FACT, AS PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST ELIMINATED THE
CROP A DECADE AGO.’
Book:
Julian Assange Held Back Wikileaks About U.S., Israel Prison Planet
Live | Assange is quoted as saying that negative cables concerning the
United States and Israel were deliberately omitted from initial Wikileaks
releases last year to prevent the organization being stereotyped as
anti-American.
Indiana
latest US state to drop handwriting requirement BBC | The
move is part of the Common Core State Standards Initiative.
US
Official: No Tangible Evidence at Hand to Prove Iran’s Aid to Iraqi Militants
Fars News Agency | No proof to substantiate allegations about
Iran’s arms shipment to militant groups in Iraq.
Debt
talks emphasize parties’ differences
Talks between the president and congressional Republicans grew more
contentious, as GOP leaders flatly rejected tax increases as part of a
bipartisan agreement to restrain the nation’s mounting debt. (Washington Post)
[ Geithner
says hard times to continue for many
Panetta appears to link al-Qaeda presence with Iraq
invasion Washington Post | Defense Secretary Leon
Panetta on Monday appeared to justify the U.S. invasion of Iraq as part of the
war against al-Qaeda. Panetta:
Al-Qaeda defeat near Afghan
guard fatally shoots NATO soldier (Washington Post) [ Riiiiight! And, you
can take that to america’s bankrupt treasury as we hear this same regurgitation
for the umpteenth time from california’s own pinyata pinhead panetta. The
problem with such an outlandish boast which of course is lost on ‘wobama the b’
(for b***s***)’s own pinyata is that you can’t defeat a good idea from their
legitimate perspective of resistance to tyranny/aggression. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Europe’s
debt crisis sinks U.S. stocks
Markets fall sharply as investors fear crisis could spread from Greece
to larger countries like Italy and Spain. (Washington Post) [ If it was only
that, there’d be reason to cheer. I don’t even believe it’s really part that;
in that, this scenario was predicted even as the frauds on wall street latched
on to the spurious ‘wobama-like’ (b***s***) story that a ‘grecian formula’
was at hand so as to rally those computer-driven stock prices for half /
quarter / month end window dressing based as usual on fraud and b***s*** alone
to keep suckers sucked in to this suckin’ suckers market for which the
churn-and-earn is a net negative in real economic terms for everyone but the
frauds on wall street …IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God bless us
everyone’! … As if we didn’t already
know it / feel it! ]The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far worse
than expected (and in this pre-election year the reality is still far worse
than reported), yet stocks still rallied off lows to keep suckers sucked in to
this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on
jersey-based, former Lautenberg ADP still paltry, better than expected 157,000
private jobs number and one’s got to wonder ‘who got paid’, one way or another,
for the fudge. Then there’s the horrific ‘american tech’. Retail? The defacto
bankrupt government’s probably buying with money they don’t have, at best; and,
as with other data in these desperate pre-election-year times, plain false,
falsified, fudged, spun. Previous day, all bad news … from eurozone (protugal,
et als), to asia zone (china worse than expected), to america (where to begin,
from defacto bankruptcy, to debased currency, to insurmountable debt / dervice,
to pervasive corruption, etc.) … stocks rally on fraud and b***s*** alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the same month
end (and quarter, half) spurt / window dressing based on b***s*** alone to keep
the suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing
the fiscal condition of Greece is not something that can be solved in a matter
of weeks, or even months… ‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Milbank:
Boehner stuck in a bind (Washington
Post) [ Riiiiight! It seems that wobama apologist, Mr. Milbank is beginning to
share those ‘democrat wet dreams’; you know, the ones where republicans are all
tied up with nowhere to go; those perverse ‘bind and torture fantasies’. Never
mind that this pervasively corrupt nation is indeed defacto bankrupt, with few
real and realistic choices. The real ‘kicker’ here is the fact of this
‘pre-election year’ which complicates all candor and reality. Ultimately, owing
to wobama’s mendacity, it’s the nation that’s in the bind. Geithner
says hard times to continue for many But not for his frauds on wall street for whom everyone’s expected
to keep sacrificing; and, ultimately their negative churn-and-earn in real
economic terms has to come from some place, ie., you, yours, main street, etc.,
and has manifested in the QE’s, etc.. Well, there you have it. The product of
his, wobama et als’ policies; viz., unhappy days are here again’ or, hard times
for most are here to stay, or, you get the picture, your pain their gain. Fed
Can Manipulate Markets, But Can't Reverse Economy at
Minyanville Toby Connor Jul
11, 2011 ‘I believe that we have begun the topping process of this cyclical
bull market [ in this secular bear market ]. In a healthy market an
intermediate decline is a profit-taking event after a significant leg up. It
should hold well above the prior intermediate bottom. The decline into the June
low was not a profit-taking event. The market had not rallied long enough or
far enough to warrant an intermediate correction and certainly not one that
would test the March lows. The decline in May and June was the first shot
across the bow that something was wrong with the fundamentals driving this
market. http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG
Click
to enlarge
Obama
rules out short-term debt-ceiling deal Facing a bitter stalemate over how
to raise the federal borrowing limit, President Obama summoned
congressional leaders to a new round of talks and warned that he would not
accept a stopgap measure. (Washington Post) [ Drudgereport: Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s
such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv Stocks
sink after bleak jobs report A much weaker-than-anticipated unemployment
report indicates that the economy is still struggling. (Washington Post) [
Sink? I don’t think so? Why not, and why the rally into close regardless of the
dismal reality? Well, that’s the miracle of computer programmed high-frequency
trading; then there’s also the more blatant fraud. Oh, stocks will indeed sink,
because economic prospects really do stink! Sink like a rock, or like Iraq! The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far worse
than expected (and in this pre-election year the reality is still far worse
than reported), yet stocks still rallied off lows to keep suckers sucked in to
this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on
jersey-based, former Lautenberg ADP still paltry, better than expected 157,000
private jobs number and one’s got to wonder ‘who got paid’, one way or another,
for the fudge. Then there’s the horrific ‘american tech’. Retail? The defacto
bankrupt government’s probably buying with money they don’t have, at best; and,
as with other data in these desperate pre-election-year times, plain false,
falsified, fudged, spun. Previous day, all bad news … from eurozone (protugal,
et als), to asia zone (china worse than expected), to america (where to begin,
from defacto bankruptcy, to debased currency, to insurmountable debt / dervice,
to pervasive corruption, etc.) … stocks rally on fraud and b***s*** alone.
Obama
tries to keep his balance THE TAKE | The president must wring concessions
out of Republicans while reassuring his Democratic allies. (Washington Post) [
Keep his balance? Come on! Wobama is mentally unbalanced! Indeed, the current
problems are self-created being of his own making with actions belying the
words that got him elected. In fact, he’s spending like mad on war despite
having condemned same as contraindicated in light of the plethora of domestic
problems facing the nation, which of course has led to the current debacle /
debt crisis. As failed as his failed predecessor, dumbya bush et als, wobama in
a stereotypical fashion has breathed new life into that racy joke of old, ‘for
a nickel I will’. Wobama is really quite pathetic and all that … bad. Wobama’s
a totally failed president! Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke: ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
S&P
WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT! 'Impossible
knot'...
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... DEBT
TALKS BREAK DOWN... McConnell:
Deal Not Possible With Obama … [ I think this shoe fits wobama ...
African-American unemployment at 16% ... (But there’s rationality in this stat
as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then
there’s the attitude. I truly believe from direct experience that even when
their outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed.) ] ... 'Backup
plan'...
OBAMA
THREATENS TO HOLD UP SOCIAL SECURITY CHECKS RUBIO:
Every Aspect of Life in America is Worse Since Obama Took Over... GE
Immelt lectures biz owners: 'Stop complaining about government'... FLASHBACK:
(GE )Company Paid NO TAXES Last Year...
OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... KARZAI'S
BROTHER ASSASSINATED IN KANDAHAR... Gunned
down in home by bodyguard... 'Huge
boost for Taliban'... Obama
'far apart' from Republicans on debt deal... Boehner:
Debt Deal Not Imminent... TORMENT
@ 9.2%
State
and local governments bleeding jobs... Top
Obama adviser says unemployment won't be key in '12 … (riiiiight!…talk about
wishful thinking and self-delusion)...
BUCHANAN:
DC Establishment 'in Panic'... SANTELLI:
'The answer is easy: Spend less!' Italy's
borrowing costs soar... Berlusconi appeals for national unity and 'sacrifices'...
New
Fears on Italy Jolt Europe... Soros:
Europeans now need 'plan B'...
Mob
Of Teenage Girls Attacks Minneapolis Mom, 4-Year-Old Daughter...
Air
Conditioner Thieves Hit 7 Churches In Texas...
THEY'RE
HERE! BOEHNER:
Taxes 'off table'... Debt Talks Turn to Social Security Cuts... CHARGE:
Bypassing Congress to raise debt would be 'impeachable'...
Mullen
Accuses Tehran of Arming Iraq Militias… [
Riiiiight! Iraq’s the ‘boogey-man / bad guy’ in Iraq … not war crimes
nation america which invaded based on known lies ] ...
LONDON
BRIDGES FALLING DOWN: Coulson 'to be arrested tomorrow'... Gov't
decision on SKY takeover 'delayed'...
UPDATE:
China warns U.S. officials not to meet Dalai Lama...
CHICAGOLAND:
THIEVES STEAL ENTIRE A/C UNITS FROM HOUSES
UPDATE:
Teen Dead After Beach Brawl... Wisc
beating victim: 'They just said "Oh, white girl bleeds a lot"'...
US
Lawmakers Accuse DOJ of Cover-up in Botched Gun-Running Op... CA Prison Shrink Paid $838,706 Last Year... CA
companies flee state... No
recession for 454 White House aides: They'll make $37,121,463 this year... United
States of 'gloom'...
Iran
Ridicules: America is Not Independent...
SHOCK:
Father with HIV raped 6-month-old son...
MEDIA
BLOWS IT, AGAIN... NANCY
GRACE LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'... Attorney:
Case Was 'Media Assassination'... 'Now
you have learned a lesson'... CBS
host breaks down... 'TOT
MOM' CLEARED BY COURT...
JURY: NO MURDER! Only
guilty of lying to cops...
Portugal's
Debt Downgraded to Junk... CHINA:
USA 'ALREADY DEFAULTING'... DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead... NEW
IMF CHIEF FROM CHICAGOLAND... MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV... POLL:
Obama 42%, any
Republican 46%... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'...
Bachmann:
Media wants 'to see two girls come together and have a mud wrestling
fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come together’
sounds about right … playing ‘victim’ does not become a presidential candidate.
] ...
Palin:
Hollywood stars as 'full of hate'... ["What would make someone be so full of
hate?" palin asks … answer: resistance to someone as dumb and full of
war-mongering hate as she is! ]
REPORT:
NATO forces ARE
trying to assassinate Qaddafi...
Los Alamos under siege from wildfire... 'Throwing absolutely everything at this that we got'...
BLAGO
LIKELY HEADED TO PRISON... 'What
happened?' But
he gets to keep his hair... Fitz
finally wins one!
GUILTY
IN CHICAGOLAND... 17
of 20 counts... Tried
To Sell Obama's senate seat... Jury
DEADLOCKED on Rahm shakedown... Blago
to lawyer: 'What happened?' 'Stunned'...
JOBLESS
WEAK: 429,000... ...disappointed Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE
NEW 'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day!
DOWN TO
THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE... DEM
FIX: MORE SPENDING! Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA... 66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF... ANGER
IN ATHENS... 'BLACK
HOLE'...
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private sector
jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ]
Census:
Whites lose majority among babies... German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears... Princess
Diana Conspiracy Movie Headed to Theaters...
]
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
... Michelle Obama Admits: 'Fortunately, We Have Help From The Media'... CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'... Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS... Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge... Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs
of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt
of Diana for having brought the son of her bosom, Chas, down. Do I think she
said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this looming
conflict. After all, Diana was his mother.
Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ] Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s
such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv
Minyanville's T3 Daily Recap: Italian debt worries take US
markets lower ‘US
markets saw a sell-off with the SPDR S&P ETF (SPY stocks LNKD AAPL LULU NFLX data GLD SLV currency WLT AKS AA earnings OXY RRC MOS RENN DANG SINA C
Nasdaq 2802.62 (-2.00%)
NYSE 8228.73 (-2.16%)
AMEX 2377.48 (-1.85%)
S&P 500 1319.49 (-1.81%) US Oil Fund 37.29 (-1.35%)
USD EUR CAD MXN
1 USD= 1.000 0.712
0.969 11.747
1 EUR= 1.405 1.000
1.361 16.501
1 CAD= 1.032 0.735
1.000 12.127
1 MXN= 0.085 0.061
0.082 1.000
Retirees
Should Have More Annuities, Fewer Stocks Equities
should be no more than 25% of your portfolio, says Robert Powell.
Large
Banks Responsible for Mortgage Disaster Might Be Able to Buy Immunity for $30
Billion cryptogon.com | Hell, why bother spending any
money on a settlement? If nobody from Lehman went down—fuggetaboutit.
Whatever
Happens, Commodities Win: Jim Rogers CNBC | Jim Rogers,
the CEO and Chairman of Rogers Holdings, told CNBC that no matter what happens
to the global economy, he will make money with his commodity positions.
What An
American Bank Run Would Look Like Tyler Durden |
Technically the title of this post is wrong: the truth is that nobody could
possibly know or predict what a bank run would looks like.
EU
calls emergency meeting as crisis stalks Italy Reuters |
European Council President Herman Van Rompuy has called an emergency meeting of
top officials dealing with the euro zone debt crisis for Monday morning.
Stocks open
sharply lower on global fears AP | Stock markets opening
lower amid fresh fears about global economy.
Uh
Oh – Italy Is Coming Apart Like A 20 Dollar Suit The Economic
Collapse | Did anyone really think that Italy would be able to get
through this thing without needing a bailout?
Geithner:
“[For A Lot of People] It’s Going to Feel Very Hard, Harder than Anything
They’ve Experienced in Their Lifetime Now, For a Long Time to Come” Washington’s Blog | Many
Americans will face hard times for a long time to come.
U.S.
Must Borrow Another $5,240 Per Household Just to Fund Gov’t at Current Level
Through Sept. 30 CNS News | According to the CBO’s latest
estimate of the fiscal 2011 deficit and the Treasury Department’s latest
accounting of the federal debt.
Geithner:
Americans will face hard times for a long time to come Washington’s
Blog | Geithner has been a big part of the problem.
Stocks
sink after bleak jobs report A much weaker-than-anticipated unemployment
report indicates that the economy is still struggling. (Washington Post) [
Sink? I don’t think so? Why not, and why the rally into close regardless of the
dismal reality? Well, that’s the miracle of computer programmed high-frequency
trading; then there’s also the more blatant fraud. Oh, stocks will indeed sink,
because economic prospects really do stink! Sink like a rock, or like Iraq! The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far
worse than expected (and in this pre-election year the reality is still far
worse than reported), yet stocks still rallied off lows to keep suckers sucked
in to this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally
on jersey-based, former Lautenberg ADP still paltry, better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone (protugal,
et als), to asia zone (china worse than expected), to america (where to begin,
from defacto bankruptcy, to debased currency, to insurmountable debt / dervice,
to pervasive corruption, etc.) … stocks rally on fraud and b***s*** alone.
Previous, higher oil price rally, along with Netflix ‘technology rally’ … Don’t
make me laugh! … Total desperation on wall street and in Washington … How
pathetic! … Jobless claims at 428,000 much worse than expected; and,
don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?) data
/ reports are fudged / faked / spun. Foreclosure, distressed sales up, at
least on paper with contracts signed, so no surprise nor reason to cheer here,
as markets worldwide jump on the american crazy train for a short-lived bounce
as all problems remain. This is the same
month end (and quarter, half) spurt / window dressing based on b***s*** alone
to keep the suckers suckered and an especially great time to sell / take
profits since there’s much worse to come! Talk about milking the greek crisis
for the umpteenth time a so-called solution (and there are loads of greecy
scenarios worldwide … I don’t think so
and neither does Schaeffer who says: ‘ but it’s great press for the churn and earn and to keep the
suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘Albert Edwards: Thinks the
Market Could Fall 70%’ PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Another
Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical
indicators suggest market collapse may begin by June 30th Dennis Slothower is
one of the world’s leading technical analysts. He’s one of the few advisors
whose readers completely avoided ALL losses during the disaster that was 2008.
And now he’s issuing another dire warning… STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity (WP) They’ve used the contrived
mideast turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
Watching A Flatlining
Economy Bob Chapman | Government debt will be in the
vicinity of $1.5 trillion this year.
National / World
Obama Campaigner Working For CNN As “Independent”
Contributor Steve Watson | CNN has been caught in a
conflict of interest as it has emerged that a significant member of Barack
Obama’s reelection campaign staff is still working for the network as an
independent political analyst.
Panetta Announces U.S. Plan to Attack Iraqi Shi’ite
Militias Kurt Nimmo | Obama’s new defense
secretary, Leon Panetta, has told troops in Iraq the U.S, plans to take on
three Shi’ite militia groups in the country. He directly accused Iran of arming
and motivating the militias.
Panetta appears to link al-Qaeda presence with Iraq invasion
Washington
Post | Defense Secretary
Leon Panetta on Monday appeared to justify the U.S. invasion of Iraq as part of
the war against al-Qaeda. Panetta:
Al-Qaeda defeat near Afghan
guard fatally shoots NATO soldier (Washington Post) [ Riiiiight! And, you
can take that to america’s bankrupt treasury as we hear this same regurgitation
for the umpteenth time from california’s own pinyata pinhead panetta. The
problem with such an outlandish boast which of course is lost on ‘wobama the b’
(for b***s***)’s own pinyata is that you can’t defeat a good idea from their
legitimate perspective of resistance to tyranny/aggression. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
Leaders
pressured in debt talks Rank-and-file lawmakers from both parties issue a
warning: Don’t take my vote for granted. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (Washington Post) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py
… Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul
B. Farrell , MarketWatch SAN LUIS
OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You heard
me: Block the debt ceiling vote. Don’t raise it. America’s out-of-control. A
debt addict. Time to detox. Deal with the collateral damage before it’s too
late.
We
need to fix America’s looming credit default, failing economy and our
screwed-up banking system. Now, with a Good Depression. If we just kick the can
down the road one more time, we’ll be trapped into repeating our 1930’s
tragedy, a second Great Depression.
Barton Biggs: U.S. needs massive public works program The U.S. needs to invest in a massive public works
program, and rich people and corporations should pay more taxes. Barton Biggs,
of Traxis Partners, shares his views with the Simon Constable.
Yes,
depression. Spelled: d-e-p-r-e-s-s-i-o-n. Wake up America, recessions do not
work. Won’t work in the future. Remember that 30-month recession after the
dot-com crash? Didn’t work. Why? Because in the decade since that 2000 peak,
Wall Street’s lost an inflation–adjusted 20% of America’s retirement money.
And
what about the so-called Great Recession of the 2008 credit meltdown? Didn’t
work either. In fact, made matters worse: Wall Street got richer by stealing
from the other 98% of Americans, the middle class, the poor. And now their
conservative puppets in Washington want to make matters worse, widening the
wealth gap further to benefit the Super Rich.
Seems
nobody really gives a damn about our great nation any more. America’s now a
capitalists anarchy: “Every (rich) man for himself.” Proxy battles are fought
by high-priced lobbyists in a broken political system. America needs a 21-gun
wake-up call. Yes, that’s why America needs a Good Depression. The economy’s
bad now. But kicking the can down the road again will make matters much worse
later.
America’s leaders lost their moral compass, lack a
public conscience This
is not our first call for a Good Depression. As early as 2005 we began
reporting on excessive debt. In November 2007 we warned of a crash dead ahead.
The subprime credit meltdown had been accelerating for many months, although
for a year our leaders kept misleading Americans: Fed Chairman Ben Bernanke’s
“it’s under control.” Treasury Secretary Henry Paulson’s delusional “best
economy I’ve ever seen in my lifetime.”
In
August 2008 came the original of our seven reasons why America needs a Good
Depression. Yes August, just two months before Wall Street banks collapsed into
de facto bankruptcy, after many warnings predicting a crisis. This was no Black
Swan. In September 2008 we reported on Naomi Klein, author of “Shock Doctrine:
The Rise of Disaster Capitalism,” warning of Wall Street’s insidious plan to
take over America:
“Nobody
should believe the overblown claims that the market crisis signals the death of
‘free market’ ideology.” Then as the meltdown went nuclear, Klein warned: “Free
market ideology has always been a servant to the interests of capital, and its
presence ebbs and flows depending on its usefulness to those interests. During
boom times, it’s profitable to preach laissez faire, because an absentee
government allows speculative bubbles to inflate.”
But
“when those bubbles burst, the ideology becomes a hindrance, and it goes
dormant while big government rides to the rescue. But rest assured,” she
predicted, Reaganomics “ideology will come roaring back when the bailouts are
done. The massive debts the public is accumulating to bail out the speculators
will then become part of a global budget crisis that will be the
rationalization for deep cuts to social programs, and for a renewed push to
privatize.”
Totally predictable: No Black Swans in 2000, 2008 …
nor in 2012 Yes,
all was predictable: The events of the past few years were well known in
advance. In fact, the events of the entire decade were predictable. The rich
got richer off the backs of the middle class and the poor. Why? “There’s class
warfare all right,” warns Warren Buffett. “But it’s my class, the rich class,
that’s making war, and we’re winning.”
And
they are also blind and deaf to the havoc their free-market Reaganomics
policies are creating, selfishly undermining America, the world’s greatest
economic power.
Lessons
learned? Zero. Why? Wall Street, Washington and Corporate America are focused
on one narrow-minded short-term strategy: Economic g-r-o-w-t-h, bull markets,
megabonuses, tax cuts. In good times they tout “free markets.” But when greed
bombs, they throw free-market “principles” under the Reagan Revolution bus and
unleash their mercenary lobbyists to go whining to Congress for huge taxpayer
bailouts and access at the Fed discount window, to siphon off more taxpayer
money. And they’ll do it again soon,
Wall
Street and their cronies are doing such a miserable job, America needs a new
strategy: First, stop “kicking the can down the road.” Let a good old-fashioned
Good Depression do the job that our hapless, happy-talking leaders refuse to
do. Take our medicine. Let a new depression clean house and reawaken Americans
to core values.
Trust
me folks, it’s either a Good Depression now … or a Great Depression 2. Here are
seven reasons favoring the do-it-now strategy:
1: Capitalism’s now a lethal soul sickness, needs a
reawakening What’s
the real problem? Not the economy, not markets, nor even politics. Yes, our
economic pains are real. But they’re just symptoms. Something’s structural
wrong. Since 2000 endless bad news: Greed, deceit, stupidity, corruption,
unethical behavior, lack of moral conscience.
The
real problem’s deep in our character, the “mutant capitalism” Jack Bogle warned
of in “The Battle for the Soul of Capitalism.” Sadly, that battle was lost.
With it we lost our soul, our moral compass. America’s character is measured by
our net worth.
2. We’re already in the early stages of a Great
Depression Comparing
today with the Great Depression is common sport. In a Newsweek special “Seeing
Shades of the 1930s,” Dan Gross wrote: “Wall Street, after two terms of a
business-friendly Republican president, self-immolated on a pyre of greed,
incompetence and excessive optimism.” Today’s “new normal” economy means high
unemployment for years, inflation driving prices, rising interest rates, more
debt, chaos.
We
are destroying ourselves from within. Former U.S. Comptroller General David
Walker warns that “there are striking similarities between America’s current
situation and that of another great power from the past: Rome.” Three reasons
“worth remembering: declining moral values and political civility at home, an
overconfident and overextended military in foreign lands, and fiscal
irresponsibility by the central government.” We are becoming more vulnerable to
external enemies.
3. Good Depression exposes our self-destruct
bubble-thinking Before
the 2008 crash, “Irrational Exuberance” author Robert Shiller warned in the
Atlantic magazine that “bubbles are primarily social phenomena. Until we
understand and address the psychology that fuels them, they’re going to keep
forming.” Housing inflated 85% in the decade: “Historically unprecedented … no
rational basis for it.”
Bubble
thinking is an toxic virus that infected everyone. Shiller warns of another
coming: “We recently lived through two epidemics of excessive financial
optimism … we are close to a third episode.”
4. Good Depression will stir outrage, force real
reforms Writing
in the Wall Street Journal, Jim Grant, editor of the Interest Rate Observer,
wrote: “Why No Outrage? Through history, outrageous financial behavior has been
met with outrage. But today Wall Street’s damaging recklessness has been met
with near-silence, from a too tolerant populace.” Grant worries that Wall
Street will run “itself and the rest of the American financial system right
over a cliff.”
But
we only went to the edge in 2008. Today, a rebellious “throw the bums out”
hostility is blowing a new kind of bubble: Three years ago we did not have Tea
Party, union fights, the Arab Spring and Greek austerity riots, all signs of an
dark angry future sweeping across America.
5. Good Depression forces Wall Street to think
outside the box In
a powerful Bloomberg Markets feature, “No Easy Fix,” we’re told Wall Street’s
“profit formula has hit a wall.” Their “money-making machine is broken and
efforts to repair it after the biggest losses in history are likely to
undermine profits.”
Even
Mad Money’s Jim Cramer openly admits hedge fund managers are pocketing
megaprofits at capital gains rates while laughing at the stupidity of a broken
political system that gives hundreds of billions in tax breaks to the richest,
then takes taxes off the table as our middle class is dying under massive
unsustainable deficits. Soon angry mobs will “fix” Wall Street.
6. Good Depression will deflate America’s warring
soul The
American economy is a “war economy” driven by a egomaniac. I saw it firsthand
as a U.S. Marine. Americans love being king of the hill, world’s cop, the
global superpower. Why else spend 54% of our tax dollars on a war machine, 47%
of the world’s total military budgets.
Why?
Our war machine generates such “spectacular profits that many people around the
world” are convinced America’s “rich and powerful must be deliberately causing
catastrophes so that they can exploit them,” warns Klein in “Shock Doctrine.”
No wonder the GOP takes military spending, like tax cuts for the rich,
off-the-table: The war industry is a major political donor.
7. Good Depression now … avoids a far bigger
depression later In
“The Price of Liberty: Paying for America’s Wars,” Robert Hormats,
undersecretary of state and a former Goldman Sachs vice chairman, traces
America’s wartime financing from the Revolutionary War to present wars. He
warns that today we’re “relying on faith over experience, hoping that sustained
growth will erase deficits and that the ballooning costs of Social Security,
Medicare and Medicaid will be manageable in the coming decades without
difficult reforms.”
Absent
a brutal reset, we are on a historically predictable course says Kevin
Phillips, Nixon strategist and author of “Wealth & Democracy:” “Most great
nations, at the peak of their economic power, become arrogant and wage great
world wars at great cost, wasting vast resources, taking on huge debt, and
ultimately burning themselves out.” Yes, burned out, unprepared.
So
pray for a Good Depression earlier rather than later. Choose now and we can be
prepared for whatever comes. Or a Great Depression will hit later, when we’re
least prepared, the problems bigger, our faith weaker … don’t raise the debt
ceiling.’
Gearing up at the Bohemian Grove THE
PRESS DEMOCRAT | Like everything else that transpires within the
Bohemians’ 2,700-acre enclave along the Russian River, the talks are secret.
Up to 15 years needed to fix Greece: German president Reuters
| Greece will need a lot longer to resolve its debt problems than many
people in Europe are now acknowledging, German President Christian Wulff said.
TSA Chief Pistole Should Face Felony Charges For Lying to
Lawmakers Paul Joseph Watson | Federal agency is
still conducting hand searches of young children despite claiming they were
eliminated last year.
Humanity vs. the Rise of the Machines Infowars
| Society’s ruling elites have long ago pressured us to become mere ‘cogs in the
machine.’
TSA Lied to Lawmakers: Still Conducting Pat Downs on
Children Paul Joseph Watson | Federal agency is
still conducting hand searches of young children despite claiming they were
eliminated last year.
William
and Kate land in California
(Washington Post) [ Drudgereport: THEY'RE
HERE! Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs
of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt
of Diana for having brought the son of her bosom, Chas, down. Do I think she
said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this
looming conflict. After all, Diana was his mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ] Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s
such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv
Fluoride
consumption leads to brain damage, says study Natural News |
It is becoming increasingly difficult for fluoride fanatics to defend the
practice of artificial water fluoridation, thanks to a plethora of new reports
highlighting its many dangers.
War
Declared on "War on Salt" at Minyanville
NASA astronauts trial urine sports drink Sydney Morning Herald The crew of Atlantis, the final mission of
the US space shuttle program, are testing a urine recycling system developed by
NASA that is capable of turning astronauts' pee into a tasty sports drink. [
This story’s a ‘real pisser’! Yuk! ]
Senate
Dems draft debt-reduction plan Proposal would slice $4 trillion over the
next decade without touching expensive programs. (Washington Post) [ Oooooh …
riiiiight! Over 10 years … that’ll happen; you can rely on them to do it …
Not!. Deficit
flip-flop Obama goes from do-nothing to demagogue. (Washington Post) [
Well, if the shoe fits … (it does) … (he) wear(s) it … Come on! Nothing ‘wobama
the b’ (for b***s***) says has meaning or substance beyond the ephemeral
soundbite. He’s a totally failed president, like dumbya bush et als before him
and in many ways worse owing to his penchant for lending ‘no meaning’ to his
words. He’s pathetic! That’s reality! He’s totally incompetent like those
others before him and lacks even basic understanding of the core issues
confronting the nation (ie., economics, finance, and, surprisingly since it’s
the easiest to fare well at owing to pervasively corrupt-defacto-bankrupt
america’s (though rapidly declining) position, global geopolitics. Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff ‘Alibi’
Obama Who is best to run against the president and his excuses? (Washington
Post) [ Yeah! Really quite true! Wobama the b (for b***s***) is all excuses,
all b***s***. But, don’t strain yourself. It really doesn’t matter since
wobama’s a failed president whose failure speaks for himself (and his
teleprompter). As such, it matters very little who, since whoever, beats wobama
hands down. He has a record of failure and actions that have consistently
belied his words. Indeed, wobama’s a fraud in the inducement (campaign
promises) and a fraud in the factum (in fact). As failed as dumbya bush,
there’s a nausea factor that’s become attached to wobama(s) like no
other(s). Drudgereport: POLL:
Obama 42%, any
Republican 46%...
OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'... ]
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Jobs
report dulls economic outlook Data challenge the idea that economy was held
back by temporary factors that occurred in the first few months of 2011.
(Washington Post) [ Oh come on! Let’s get real here and call a spade a spade!
This is pre-election year and as good as it gets. Then there’s the fudge / fake
/ false factors that require substantial discounting, if not disbelief of
anything they say (I don’t believe anything they say). The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far
worse than expected (and in this pre-election year the reality is still far
worse than reported), yet stocks still rallied off lows to keep suckers sucked
in to this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally
on jersey-based, former Lautenberg ADP still paltry, better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse
than expected; and, don’t forget, these are desperate ‘pre-election times’ when
regardless of factual reality (ie., fake reports, data, as, ie., ‘wobama
hometown’ corrupt chicago ISM is up as even their youth gangs are showing
increased criminal activity which probably accounts for the rise; ie., meth,
crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
Talk about milking the greek crisis for the umpteenth time a so-called solution
(and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘ but it’s great press for
the churn and earn and to keep the suckers suckered. Technology rally? Defacto
bankrupt american technology is horrendous but great sizzle for the new fraud
as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s.
factor. The rally into the close and the
previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast
turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
[video]Anemic
Hiring Sparking Selling TheStreet.com TV
Top 3 Reasons Markets Were Down After the BLS Jobs Report July 8, 2011 Wall St. Cheat Sheet ‘ Markets
closed down on Wall Street today: Dow -0.49% , S&P -0.70% , Nasdaq -0.45% ,
Oil -2.31% , Gold +0.85% .
On the
commodities front, Oil (NYSE:USO) made another reversal, falling back
down to $96.39 a barrel after yesterday’s $2 jump. Precious metals continued to
rise, with Gold (NYSE:GLD) up to $1,543.50 an ounce and Silver (NYSE:SLV) up
0.48% to $36.71 an ounce.
Today’s
markets were down because:
1) Jobs
report. Jobs report. Jobs report. Did I mention jobs report? The Bureau of
Labor Statistics released their monthly jobs report this morning, which showed
next to no job growth in June, and actually showed that unemployment had
increased by 545,000 since March. The report also showed that May’s job growth,
originally reported at 54,000, was really less than half that figure. For that
reason, the Dow (NYSE:DIA), S&P (NYSE:SPY), and Nasdaq (NASDAQ:NDAQ) all
dropped about 1% this morning, though they have recovered somewhat since then.
2)
Conglomerate stocks took a hit . Big conglomerate stocks with high trading
volumes like General Electric (NYSE:GE), Emerson Electric (NYSE:EMR), Tyco
International (NYSE:TYC), United Technologies Corp. (NYSE:UTX), and Textron
Inc. (NYSE:TXT) all suffered major losses on the markets today. The best faring
of the five was Textron Inc., shares of which were down 0.68% today. The five
heavily traded stocks all trade on the NYSE, helping to bring down the whole
index, where decliners outnumbered advancers today, two to one.
3) Capital
goods weighed down the markets. Capital goods stocks were also a heavy weight
on the NYSE, with Honeywell International (NYSE:HON), Cummins Inc. (NYSE:CMI),
Caterpillar (NYSE:CAT), Deere & Company (NYSE:DE), and even Boeing
(NYSE:BA) all down 1% to 2%. The one bright note is that BA, DE, and CAT are
all recovering somewhat in after-hours trading…’
[video]
Bad Jobs Report Causes Broad Selling at TheStreet.com
Earnings growth cooled in second quarter Fri, 08 Jul 2011 Earnings growth
cooled in the second quarter as companies struggled with disruptions from
Japan’s erthquake ... Sara Sjřlin NEW YORK (MarketWatch) — Earnings growth
cooled in the second quarter as companies struggled with disruptions from
Japan’s earthquake and higher costs, according to analysts polled ahead of
Monday’s unofficial start to the reporting season [I don’t buy any of the foregoing rationale for the more
realistic worse than expected results in the second quarter. To be sure, there
is no underestimating the global effects of the Japanese disruptions. Moreover,
their (Japanese) commitment of capital to domestic concerns will impact
international markets still more than currently discounted. Yet, if anything,
the Japanese disruption was a ‘non-recurring gift’ to american companies; and
hence, worse for american companies to come. ]
Investing
in Commodities: Warren Buffett Says “The Dollar Is Going to Get WorthLess Over
Time!” Wall St. Cheat Sheet
Lousy jobs number complicates debt deal for both Obama and GOP - By Jim Tankersley National
Journal June's woefully underwhelming increase in jobs is a climactic twist in
the negotiations between President Obama and congressional Republicans over
federal borrow... The Lost Decade: Bill Clinton on how to spur job growth and the
economy [ Come on! Let’s get real
now! The ‘c man who does what he did because he could’, clinton was the
unequivocal benefactor of the peace dividend courtesy of Reagan / Gorbachev,
the latter playing a greater role than credited; such role being rishy for him
and his and a testament to the rational ,courageous, and civilized traits
inherent to the Russian people. You’ll not see such rationality among the war
mongering, pervasively corrupt american though defacto bankrupt.
Ugly
Job Chart Just Got Uglier; Investors Doubt Washington at Forbes
Hard
to Call This the Best Job Recovery in 25 Years at The Wall Street
Journal Mark Gongloff ‘We just got a note from perennial market
cheerleader James Paulsen of Wells Capital Management, who tried to goad us to
look past the grim jobs report by yell-typing:“As Bad as the current monthly
numbers are (and there is no other way to paint them), believe it or not, the
job market is still “making progress” this year and is still doing as well or
even better at the two year mark than either of the last two recoveries (1991
and 2001) during the last quarter century!!!?”Sorry, Jim, but this chart, often
posted at Calculated
Risk , makes me question the validity and/or relevance of this claim.http://s.wsj.net/public/resources/images/OB-OQ628_jobs_E_20110708161723.jpg
“In terms of lost payroll jobs, the 2007 recession is by far the worst since
WWII,” writes CR.’
STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Joe Weisenthal, On Friday July 8, 2011 ‘Crazy end to a crazy week! But
first, the scoreboard:
Dow: -64.86
And now, the
top stories:
The first thing you need to realize is that
stocks have been riding a really wild, 8-day winning streak, which has wiped
out basically all losses for the year. The ride up was jaw-dropping, as
fears about the economy and Europe moved to the back burner.
US markets were basically serene about the whole
thing in anticipation of the jobs report at 8:30 AM. Everyone was
expecting good things after two weeks of decent data, strong markets, and
yesterday's killer ADP number. And then it was a total disaster on
virtually every level. Nobody found a silver lining at all. You can see the ugly details here
Naturally, stocks instantly tanked on the news.
The Dow fell over 100 points in early going. It looked like the wheels
could come off, and again, given the huge runup. But then, markets
rebounded. Granted, it was still a tough day, but 65 points lost on the
Dow? Please. That could have easily happened on better news.
What's more, in terms of corporate movers, some
of the hot momentum names gained: SodaStream, LinkedIn, Apple, and Netflix
(!) all closed higher. Banks got whacked.
Top
Obama adviser says unemployment won’t be key in 2012 Ian Swanson
| Obama’s senior political adviser David Plouffe said people won’t vote in 2012
based on the unemployment rate.
White
House Adviser Austan Goolsbee: ‘This Is Not A Double Dip’ Reuters | Goolsbee says
U.S. economy is not facing a double-dip recession [ But rather is in the midst
of a continuing downturn soon to be recognized as the depression this decline
already is, despite the nation-bankrupt spending of money not really there to
obfuscate and cover up that fact. ]
Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff
| President Barack Obama, we have been told many times, is a constitutional
scholar.
US
Needs To Generate 254,000 Jobs A Month For 65 Months To Get To Pre-Depression
Employment By End Of Obama Second Term Zero Hedge | There
is no way in hell the US economy can create a quarter million jobs per month
from now for the next 65 months.
Economic
slump linked with soaring suicide rates in Europe UK Daily Mail |
The financial crisis that swept Europe almost certainly led to an increase in
suicides, according to health experts’ research.
Retirement
Fund Plunder Update: $206 Billion So Far, $62 Billion Left Tyler
Durden | As of today, since the debt ceiling breach on May 16, the
Treasury has plundered about $206 billion from the two primary retirement
accounts.
Economics
of the insane: Obama’s stimulus cost $278,000 for each new job created Natural
News | There is a reason why libertarian economists want the
government to stay out of the business of business – it’s because government is
not good at it.
Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py
… Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul
B. Farrell , MarketWatch SAN LUIS
OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You heard
me: Block the debt ceiling vote. Don’t raise it. America’s out-of-control. A
debt addict. Time to detox. Deal with the collateral damage before it’s too
late.
We
need to fix America’s looming credit default, failing economy and our
screwed-up banking system. Now, with a Good Depression. If we just kick the can
down the road one more time, we’ll be trapped into repeating our 1930’s
tragedy, a second Great Depression…’
GOP’s
incoherence on debt The GOP’s ideologically incoherent approach to the
debt-limit debate. (Washington Post) [
Oh come on! We all know, at the end of the day, neither dems or doze’ gops will
have accomplished anything of significance / substance to stem the tide of
their own self-created failures. Just more of the same, failed, disingenuous
approach and spin to what is otherwise, too little, too late. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Parties
spar over debt deal Republicans are now willing to close some tax loopholes
as part of a deal to raise the debt limit.
(Washington Post) [ Oooooh! Doing the
people’s work, by hook or by crook … the former descriptive of what they are,
the latter descriptive of what they do … Instead
of Funding Retirement Accounts As Mandatory, Treasury Proceeds To Plunder The
Most Since Debt Ceiling Breach Tyler Durden | Instead of
putting in even one penny into G and CSRD Funds, Tim Geithner has decided to
defraud government retirees by the most since the US debt ceiling was
breached. And, not just the government:
Will Your Private
Pension Be Worthless? Mac Slavo | We know the Federal and
State governments are in serious fiscal trouble. States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 President
summons lawmakers With just over two weeks remaining, Obama calls lawmakers
to White House to break debt stalemate.
(Washington Post) [ Summons?
‘Wobama the b’ (for b***s***)? Romney is quite correct, At
N.H. town hall, Romney says Obama has made the economy worse (WP) ; but,
not just the economy. There is anything about what a president does that wobama
hasn’t failed at other than that ever so smooth jive-talkin’ he does that I
find beyond the pale that anyone is even listening to his b***s***; or rather,
Mr. Teleprompter’s words written / scripted by who knows who. What we do know
is that what he says has absolutely no meaning beyond the saying of the words
which flow so trippingly o’er his tongue. His political opportunism /
soundbites / appearances along with ‘michelle his bell’ have become so unctuous
and predictably transparent that they have become nauseatingly unwatchable.
Summons? He’s not worthy of respect much less attention; particularly owing to
his own abandonment of precepts and promises upon which he ran and for which he
was elected. He’s a total embarrassment!
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington Post) [Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america
also spends more on military than all the nations of the world combined... fed
employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included
in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Is
growth poised to strengthen? Friday’s numbers on the job market will test
analysts’ theory. (Washington Post) [ Come on! Lets get real here! Does anyone
really think they are going to get anything but a fudged / fake report / data
tomorrow owing to their ever increasing desperation in this pre-election-year
marked by their snowballing prior failures including complicity in the still
extant crisis producing wall street frauds ( ie., FASB rule change ‘mark to
anything’, no prosecutions of the high level fraudsters / banksters, etc.). Unemployment
Claims, Jobs Numbers Don't Jibe Denninger .. Planned
Job Cuts Increase by 12% In June, Second Sequential Increase Tyler
Durden | Forget new job formation..The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Stocks rally on
jersey-based, former Lautenberg ADP still paltry, much better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse
than expected; and, don’t forget, these are desperate ‘pre-election times’ when
regardless of factual reality (ie., fake reports, data, as, ie., ‘wobama
hometown’ corrupt chicago ISM is up as even their youth gangs are showing
increased criminal activity which probably accounts for the rise; ie., meth,
crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
Talk about milking the greek crisis for the umpteenth time a so-called solution
(and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘ but it’s great press for
the churn and earn and to keep the suckers suckered. Technology rally? Defacto
bankrupt american technology is horrendous but great sizzle for the new fraud
as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s.
factor. The rally into the close and the
previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast
turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
ECB
battles defaults in Europe The European Central Bank opposes debt
restructuring. Is it standing in the way of a solution? (Washington Post) [
Amazingly, and they really didn’t have to, europe / eu jumped on the american
crazy train to their eternal, if not ephemeral (in the sense that the eu
doesn’t even survive), detriment. What were they thinking when they jumped on
this crazy american bandwagon to ‘hell-in-a-handbasket’. They otherwise would
have been well positioned as a voice of reason from a global perspective with
all the attendant economic benefits that rationality can yield. Rather, they’ve
given credence to the old adage that ‘apples don’t fall far from the tree’,
conversely speaking. How tragic! Global Stress Points by Oxford Analytica http://en.wikipedia.org/wiki/Oxford_Analytica 20
Warning Signs of a Global Doomsday
Dollar Collapse Taiwan / China Armed Hostility Israel / Iran Armed Conflict Mexico State Hollowing Global Protectionism Latin America Hydrocarbon Disruption Iraq State Institutions Collapse Russia Military Aggression End of Euro India / Pakistan War Pakistan State Collapse Argentina Sovereign Default 2.0 North Korea Military Conflict War in North Africa Lebanon Civil War
Could
One Wrong Policy Move Bring Down the Markets? at Minyanville By Lloyd Khaner Jul
06, 2011 Sovereign debt, inflation and the threat of a catastrophic policy mistake
in China or the U.S. top our list of investors' fears this week.
Moody's
cuts Portuguese debt, China raises interest rates, and Wall Street
understandably gets the jitters. Indeed, caution rules the day, week and entire
season as the world's largest economies will face make-or-break junctions all
summer long. Are the policy makers in China, the U.S., and Europe prepared to
make the right call every time, or will one faulty decision ("insane" bickering over the debt ceiling , for
example) bring ruinous upheaval to our global markets?investing graphic version of this page. For a look at the the
specific worries making investors nervous this week, keep reading. U.S. DEBT CEILING: The countdown clock du
jour is ticking away. Will a deal get done so congress can go on vacation
for the month of August you ask? Is money green, I respond.stock trading financial
CHINA:
Developing a taste for Eurobonds that may rival the one they have for U.S.
Treasuries. Bon Appetit!
National / World
Los Zetas Kingpin: We Bought Guns Directly From U.S.
Government Paul Joseph Watson | Revelation
heightens supicions that Fast and Furious was an Obama administration plot to
undermine Second Amendment.
Will NATO Resurrect Operation Gladio To Frame Gaddafi? Paul
Joseph Watson, Alex Jones & Kurt Nimmo | Libyan leader’s threat to
attack Europe could provide NATO with the perfect pretext to launch a full
ground invasion.
FBI Claims Oklahoma City Bombing Tapes Missing Kurt
Nimmo | Jesse Trentadue says the tapes will prove others were involved
in the plot that resulted in the death of 168 people.
U.S. Wants Gaddafi Toppled By September Paul
Joseph Watson | Obama and Sarkozy look to end Libya conflict before
restart of Israeli-Palestinian talks in Paris.
Los Zetas Kingpin: We Bought Guns Directly From U.S.
Government Paul Joseph Watson | Revelation
heightens supicions that Fast and Furious was an Obama administration plot to
undermine Second Amendment.
Ron Paul: 9/11 Was Caused By Government Banning Guns on
Planes You Tube | Congressman Ron Paul tells Fox
News that not allowing Americans to carry firearms on jumbo-jets “set the stage
for 9/11.”
Will NATO Resurrect Operation Gladio To Frame Gaddafi? Paul
Joseph Watson, Alex Jones & Kurt Nimmo | Libyan leader’s threat to
attack Europe could provide NATO with the perfect pretext to launch a full
ground invasion.
U.S. Wants Gaddafi Toppled By September Paul
Joseph Watson | Obama and Sarkozy look to end Libya conflict before
restart of Israeli-Palestinian talks in Paris.
Rick Rozoff | Last week the U.S. reportedly launched its first
drone attack inside Somalia. [ Truth be told, I’m for any and all bombing of
Somalia! ]
Deficit
flip-flop Obama goes from do-nothing to demagogue. (Washington Post) [
Well, if the shoe fits …(it does)… (he) wear(s) it … Come on! Nothing ‘wobama
the b’ (for b***s***) says has meaning or substance beyond the ephemeral
soundbite. He’s a totally failed president, like dumbya bush et als before him
and in many ways worse owing to his penchant for lending ‘no meaning’ to his
words. He’s pathetic! That’s reality! He’s totally incompetent like those
others before him and lacks even basic understanding of the core issues
confronting the nation (ie., economics, finance, and, surprisingly since it’s
the easiest to fare well at owing to pervasively corrupt-defacto-bankrupt
america’s (though rapidly declining) position, global geopolitics. Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff ‘Alibi’
Obama Who is best to run against the president and his excuses? (Washington
Post) [ Yeah! Really quite true! Wobama the b (for b***s***) is all excuses,
all b***s***. But, don’t strain yourself. It really doesn’t matter since
wobama’s a failed president whose failure speaks for himself (and his
teleprompter). As such, it matters very little who, since whoever, beats wobama
hands down. He has a record of failure and actions that have consistently
belied his words. Indeed, wobama’s a fraud in the inducement (campaign
promises) and a fraud in the factum (in fact). As failed as dumbya bush,
there’s a nausea factor that’s become attached to wobama(s) like no
other(s). Drudgereport: POLL:
Obama 42%, any
Republican 46%...
OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'... ]
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
With QE2 Dead, Are We Staring Down a Bull or Bear? By
Benzinga.com Jul 05, 2011 ‘…we're in for doom and gloom in the future. With no
bullets left in the gun for Bernanke to fire …, the government may not have the
means to stop the panic a second time. Things could get ugly in a hurry…’
‘One of the most convincing cases often
made by the stock-market bulls is that stocks are super cheap, with interest
rates at rock bottom and the S&P 500 trading at just 13 times forecast
earnings for the 2011. But the market may not be as cheap as it appears — and
it could get a lot cheaper, according to a note today from Morgan Stanley
equity strategist Adam Parker.
First, Mr. Parker shoots all kinds of
holes in the market-is-cheap theory. For one thing, the market is only slightly
cheaper today than its average forward P/E of 13.6, dating back to 1976.
And the market isn’t cheap at all using
other ratios, such as price-to-sales (1.4x, compared with a long-term average
of 1.1x), price-to-book (2.3x compared with a long-term average of 2.2x) or
price-to-trailing earnings (16.1x compared with a long-term average of 17.8x).
Meanwhile, the S&P 500′s
dividend yield of just 1.7% is way below an average of 2.7% dating back to
1964.
And this one is maybe the most
interesting: Mr. Parker argues that the biggest-cap companies are providing
most of the stock market’s cheapness, leaving the rest of the market fairly
valued. If the biggest 30 stocks are excluded, the market’s forward P/E ratio
is 13.5x, nearly matching the historical average. The biggest 30 stocks are
trading at 11.5x forward earnings (an echo of the WSJ story
“Our view is that the mega caps are
undervalued and the rest of the market (stocks 31 through 500) are modestly
overvalued,” Mr. Parker writes.
And now the kicker: The market will
likely get even cheaper. Analyst earnings forecasts are now way above their
long-term average, up 18.4% in the past year, compared with an average over the
past 20 years of 7.91%. Earnings forecasts seem likely to fall back to earth,
which alone could drive the market’s forward earnings multiple down to 10.6x,
Mr. Parker estimates.
Meanwhile, Mr. Parker estimates that inflation-adjusted
earnings growth has averaged 3.77% since 1948, and it will likely be lower than
that in the next 10+ years, hurt by higher inflation and slower and more
volatile economic growth around the world.
If he’s right, then the market is more
expensive now than it seems. His forecast is that forward P/E will fall to 10.
Update: A commenter raised the issue of cash —
the top 1500 companies have some $1.5 trillion in cash sitting on their balance
sheets, fuel for future growth, stock buybacks, dividends, etc. That should
make the market more attractive, but Mr. Parker dismantles this one, too,
saying companies have net debt near pre-Internet bubble levels, that much of
the cash is overseas and must be repatriated and that investors have been
cutting the premium they’re willing to pay for corporate cash in recent years.’
S&P Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes!
Jobless claims at 428,000 much worse than expected; and, don’t forget, these
are desperate ‘pre-election times’ when regardless of factual reality (ie.,
fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as
even their youth gangs are showing increased criminal activity which probably
accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged
/ faked / spun. Foreclosure, distressed sales up, at least on paper with
contracts signed, so no surprise nor reason to cheer here, as markets worldwide
jump on the american crazy train for a short-lived manipulated bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
]
What is Making Stocks Rally? ‘ …
Here are some of the headlines featured last week:
'Greek default
could trigger chain reaction' - AP
'Why Wall
Street still says buy, and you shouldn't' - AP
'Is the bull
market over?' - Barrons.com
Interestingly,
the Barrons.com article commented that: 'A look at four different sentiment
measures suggests that more pain may await investors.' …’
4
Hurdles the Markets Must Clear to Make Progress in Coming Months - at
Minyanville MoneyShow.com ‘I have to admit I was surprised by last
week’s huge stock market rally.
Investing
Dying as Computer Trading, ETFs & Dark Pools Proliferate - at
CNBC Melloy [ The thrust of this
article is the manipulation on fraudulent wall street in the most negative
sense … duh! ] ‘There’ s an old Wall Street adage meant to inspire investors
that goes “ it ’ s not a stock market, but
a market of stocks. ” Consider that dead.
Computer trading, dark pools and exchange-traded funds are dominating
market action on a daily basis, statistics show, killing the buy and hold
philosophy still attempted by many professional and retail investors alike.
Everything moves up or down together at a speed faster than which a normal
person can react, traders said.
High frequency trading accounts for 70 percent of market volume on a
daily basis, according to several traders ’ estimates. The average holding period for U.S. stocks
is now just 2.8 months, according to the Crosscurrents newsletter. In the
1980s, it was two years.
“ The theory that buy-and-hold was the superior way to
ensure gains over the long term, has been ditched completely in favor of
technology, ”
said Alan Newman, author of the monthly newsletter. “ HFT promises gains are
best provided by holding periods measuring as few as microseconds, possibly a
few minutes, or at worst, a few hours. ”
The problem is only made worst by the proliferation of exchange-traded
funds, traders said. The vehicles, which make trading a group of stocks as easy
as buying and selling an individual security, passed the $1 trillion in assets
mark at the end of last year, according to BlackRock. This is probably why all
ten sectors of the S&P 500 finished in the black for two consecutive years,
something that ’ s only happened one other time since 1960, according
to Bespoke Investment Group.
“ The capital raising stock market of the past hundred
years has morphed in just the last 10 years into a casino, ” said Sal Arnuk of Themis
Trading and a market infrastructure expert who advised the SEC after last year ’ s so-called Flash Crash. “ Who is doing the
fundamental work analyzing stocks? In the end, we ’ ve greatly increased
systemic risk. ”
Another factor jumped into the fray in December: dark pools.
Off-exchange trading accounted for more than a third of the trading volume in
December, says Raymond James. While these trades are eventually reported to the
public markets, they further damage price discovery, an essential element for a
fair securities market, investors said.
“ This was a record high market share for off-exchange
trading and we believe the SEC will ultimately be forced to react to support
the price discovery process by limiting off-exchange trading for all traces
except for large block trades, ” wrote Raymond James analyst Patrick O ’ Shaughnessy in a note to
clients yesterday.
“ This destroys capital
markets, ”
said Jon Najarian, co-founder of TradeMonster and a ‘ Fast Money ’ trader. “ Hidden trading venues,
where some participants get to peek at the orders as they are entered so long
as they agree to ‘ interact ’ with a minimum percentage, is not an exchange, it ’ s a license to steal. ”
While many see these forces aligning to cause a sort
of self-correcting powerful drop in the market down the road
Unemployment
Claims, Jobs Numbers Don't Jibe Denninger
These
Guys Think You Should Sell Stocks Now at Motley Fool
The
Madness Of Buying Stocks With P/E's Of 500 at Forbes
Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff
| President Barack Obama, we have been told many times, is a constitutional
scholar.
Why
The Taxpaying Populace Of Greece Better Stock Up On Thier Grease! Reggie
Middleton | Insolvency, first and foremost!
Planned
Job Cuts Increase by 12% In June, Second Sequential Increase Tyler
Durden | Forget new job formation.
16 Reasons To Feel Really Depressed About The Direction
That The Economy Is Headed The
American Dream barely be able to pay the mortgage and put food into the
mouths of your kids. The reason why so many Americans believe that we are
in a “recession” or a “depression” is because that is what they feel like they
are living through every single day.The number of
Americans that are really depressed about the direction of the economy
continues to grow. At first most Americans had expected the U.S. economy
to bounce back after the recession “like it always does”, but now hope is
turning into desperation as people start realizing that this time things are
different.
Most Americans
are very eager for things to go back to normal. Unfortunately, things
look like they are about to get even worse.
The following
are 16 reasons to feel really depressed about the direction of the economy….
#1 A newly released National Federation of
Independent Business poll discovered that U.S. small businesses let go of
more workers than they hired in June. Previously, the poll had registered
four monthly gains in net jobs in a row. Some analysts believe that this
may be another indication that the employment market is getting softer once
again.
#2 Another newly released jobs report found that the
number of job cuts being planned by U.S. employers increased
by 11.6% in June .
#3 There are fewer payroll jobs in the United States
today than there were back in
2000 even though we have added 30 million people to the population since
then.
#4 There are officially 6.2 million Americans that
have been unemployed for more than 6 months. There are millions of others
that have also been out of work that long but they have become so discouraged
about looking for work that the U.S. government considers them “to no longer be
in the workforce”.
#5 It now takes the average unemployed worker in
America nearly 40 weeks to find a new job.
#6 Paychecks are not keeping up with inflation.
In May, the average hourly wage in the United States was 1.6 percent lower than 12
months earlier.
#7 Food and gas prices have been absolutely soaring
over the past year. McDonald’s, Hershey and Coca-Cola have all announced
price increases this year. One recent survey found that 9 out of 10 U.S. workers do not expect
their wages to keep up with soaring food prices and soaring gas prices over
the next 12 months.
#8 There are disturbing indications that the business
community expects the economy to slow down even more in the months ahead.
For example, pre-orders for Christmas toys from China are
way down .
#9 As of April, there were 6.39 million home loans in
the United States that were either delinquent or in foreclosure. Included
in that were 675,000 home loans that had not had a single payment made on them
in two years.
#10 Approximately 28 percent of all home loans in the
United States are currently “underwater” .
#11 Overall, American households are about 7.7 trillion dollars poorer
than they were back in early 2007.
#12 As a percentage of GDP, the total amount of debt in
the United States is now far higher than it ever has been in any other era of
U.S. history . Things were not even close to this bad during the Great
Depression.
#13 One of the key measures of consumer confidence in
the United States has hit a seven-month low .
#14 According to Gallup, the percentage of Americans
that lack confidence in U.S. banks is now at an all-time high of 36% .
#15 According to one recent poll, 39 percent of Americans
believe that the U.S. economy has now entered a “permanent decline”.
#16 Another recent survey found that 48 percent of
Americans believe that it is likely that another great Depression
will begin within the next 12 months.
So what is the
United States going to look like if we do have another major economic downturn?
If the U.S.
economy continues to get worse and worse, will what is happening in Greece eventually start happening
in this country?
Let us
certainly hope that our cities do not descend into chaos any time soon.
However, we
should not just stick our heads in the sand and pretend that everything is
going to be okay.
Those of us
that are aware of what is happening to the economy should take this time to get
prepared.
We should all
be getting out of debt. When the economy tanks and interest rates start
to spike you don’t want a horde of creditors hunting you down.
We should all
be reducing our expenses and learning to live on less. It is those that
are “lean and mean” that will have the best chance of making it through a major
downturn successfully.
We should all
be storing up emergency food and supplies. After all, you take out
insurance on all kinds of other things, don’t you? We all need to be
fully prepared just in case the worst happens.
The truth is
that most Americans are totally unprepared for economic troubles. As the
financial crisis of 2008 demonstrated, when people lose their jobs and their
wealth they will come in and take everything away from you.
And it is not
just your home that you could lose. When you don’t have any more money
left there is a chance that authorities will take everything
away from you.
For example,
according to one local news report ,
six kids were taken away permanently from their parents just because they were
homeless and living in a storage shed….
“You shouldn’t take our kids because we’ve fallen on
hard times,” said Prince Leonard, a married father of six whose family resides
in a northeast Houston storage shed.
The Leonards moved in three years ago after the
father, an unemployed welder, was hired as a maintenance worker.
Well, it turns out that the storage shed actually had
“an air conditioner, a refrigerator and two personal computers”, so they were
not living too terribly.
But this is what happens to so many poor families
today – “child protective services” will come in and take their children away
at the drop of a hat.
Poor people are an easy target. They know that
they are unlikely to fight back and so thousands and thousands of young
children are constantly being ripped out of homes and never returned.
Don’t think that it can never happen to you. It
is happening all over the country.
Meanwhile, the mainstream media continues to act like
everything is just fine. As our economy continues to be caught in a death
spiral they are busy cracking jokes and talking about celebrities.
While the country is falling apart, the following
video is an example of what passes for news in America these days….
The sad reality
of the matter is that “the American Dream ” is dying.
Every month
more American families are slipping out of the middle class and into poverty.
Over the past
four years, the number of Americans on food stamps has risen by 18
million. A higher percentage of Americans is enrolled in government
anti-poverty programs than ever before.
There will be
millions of Americans that will not be able to sleep tonight because they are
being eaten alive by worry and fear. If the economy does not turn around soon,
there will be even more American families that are living in their cars and
eating out of dumpsters.
Our economic
problems are a horrible nightmare that never seems to end. We are literally
watching the greatest economy on earth crumble before our very eyes.
So if you feel
really depressed about all this, nobody is going to blame you.
But pulling
yourself together and getting yourself and your family prepared for the really
hard times that are coming might be a better course of action.’
Egypt vs IMF: Time to
Default? Eric Walberg | The financial flip-flop of Egypt’s
revolutionary government, first requesting and then declining a $3 billion
dollar IMF loan, highlights Egypt’s hard choices at this point in the
revolution, but is a good sign.
The
Coming “New World Order” Revolution: How Things Will Change In The Next 20
Years – A Kondratieff Cycle Perspective Tyler Durden |
SocGen has published a fantastic, must read big picture report.
As
Commodity Prices Soar, So Does Demand for Wood Pulp—As a “Food Extender” cryptogon.com
| Just the other day, I was joking with my wife about how eating those
cheap tacos is like eating meat flavored sawdust.
In Europe,
an ‘Argentinean Re-Run’: Fund Manager CNBC.com | The
situation facing European countries like Greece and Portugal is directly
comparable to the economic crisis which hit Latin America in the late 1990s.
Wall
Street is abuzz about tech stocks, but where's the smart money? With tried
and true tech giants like Microsoft, IBM and Intel, look for value -- and
landmines. Tech
IPO's and the growth trap (Washington Post) [ Undoubtedly the biggest scam since the dotcom
bust; that summer sizzler based on b***s*** alone! The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! All bad news … from
eurozone (protugal, et als), to asia zone (china worse than expected), to
america (where to begin, from defacto bankruptcy, to debased currency, to
insurmountable debt / dervice, to pervasive corruption, etc.) … stocks rally on
fraud and b***s*** alone. Previous, higher oil price rally,
along with Netflix ‘technology rally’ … Don’t make me laugh! … Total
desperation on wall street and in Washington … How pathetic! … Jobless
claims at 428,000 much worse than expected; and, don’t forget, these are
desperate ‘pre-election times’ when regardless of factual reality (ie., fake
reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even
their youth gangs are showing increased criminal activity which probably
accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged
/ faked / spun. Foreclosure, distressed sales up, at least on paper with
contracts signed, so no surprise nor reason to cheer here, as markets worldwide
jump on the american crazy train for a short-lived bounce as all problems
remain. This is the same month end (and
quarter, half) spurt / window dressing based on b***s*** alone to keep the
suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘ but it’s great press for the churn and earn and to keep the
suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day)
‘rally’ was based on b***s*** alone to keep the suckers suckered and for
‘smarter money ‘ along with the frauds to sell into. This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical
indicators suggest market collapse may begin by June 30th Dennis Slothower is
one of the world’s leading technical analysts. He’s one of the few advisors
whose readers completely avoided ALL losses during the disaster that was 2008.
And now he’s issuing another dire warning. His technical indicators suggest
that the market manipulation we’ve seen over the last several months is about
to come to an end…and that means thousands of investors are about to get
clobbered. This correction could begin as soon as June
30th – so it’s important that you take action now to prepare yourself.
StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast
turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
Get a job, kid! Only 25 percent of
American teens have summer jobs, the lowest percentage on record. Why? Are they
lazy? (Washington Post) [ Well, in their defense, the reality’s that the real
unemployment rate minus the fudge factors, particularly in this pre-election
year, is just about that, and many are ‘makeshift’ jobs at that for ‘pre-election
year politicking purposes’: Drudgereport: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street who
commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke
stated, “the best way for the Federal Reserve to support the fundamental value
of the dollar in the medium term is to pursue our dual mandate of maximum
employment and price stability, and we will certainly do that.”
It is
instructive to take a look at the actual Federal Reserve goals, as well
Bernanke’s results in pursuing those goals.
Goals of
Monetary Policy
“The goals of
monetary policy are spelled out in the Federal Reserve Act, which specifies
that the Board of Governors and the Federal Open Market Committee should seek
‘to promote effectively the goals of maximum employment, stable prices, and
moderate long-term interest rates’. Stable prices in the long run are a
precondition for maximum sustainable output growth and employment as well as
moderate long-term interest rates.
When prices
are stable and believed likely to remain so, the prices of goods, services,
materials, and labor are undistorted by inflation and serve as clearer signals
and guides to the efficient allocation of resources and thus contribute to
higher standards of living. Moreover, stable prices foster saving and capital
formation, because when the risk of erosion of asset values resulting from
inflation—and the need to guard against such losses—are minimized, households are
encouraged to save more and businesses are encouraged to invest more.”
Let’s look at
the results of Bernanke’s economic “fine tuning” (using data from the St. Louis
Fed’s database, starting in February, 2006, through April 2011), and see if he
has successfully pursued this mandate.
Definition
of STABLE ( from
the Mirriam-Webster dictionary)
a :
firmly established : fixed , steadfast < stable opinions>
b :
not changing or fluctuating : unvarying <in
stable condition>
c :
permanent , enduring < stable civilizations>
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
It is easy to
play with the weightings of the above prices, and see how individual budgets
would be impacted. Regardless of the method used to look at prices, it is
clear that Bernanke has not been successful at maintaining price stability
since taking over as Fed Chairman. Mandate not accomplished.
Maximum
or Full Employment
Finding a
strict definition of maximum employment is impossible. Many economist
give different estimates, ranging from 2%-7%. The standard unemployment
rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke
started. The more inclusive (realistic) U6 number stands at 15.8%, up 75%
in the same period. The Civilian Participation Rate has declined 2.87% to
64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. Mandate not accomplished.
Moderate
Interest Rates
While not
stated in Bernanke’s recent address, the Fed’s website also posts “moderate
interest rates” as a stated goal. While we cannot definitively say what
constitutes “moderate”, we do know that both short and long-term interest rates
are near all time lows. It is safe to assume that near record low rates
are not “moderate”. Further, when interest rates are artificially
held below the rate of economic growth,” financial repression” is occurring.
Many bright folks have commented on how the zero interest rate policy (ZIRP) is
destructive to savers and misallocates resources. It is safe to say that
this mandate has not been accomplished.
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
We will leave
it up to our readers to make their own conclusions.
Matt Marcewicz
& Robert Barone, Ph.D.
Matthew Marcewicz and Robert Barone are investment advisor
representatives with Ancora West Advisors LLC, Reno, Nev. ‘
Parties
spar over debt deal Republicans are now willing to close some tax loopholes
as part of a deal to raise the debt limit.
(Washington Post) [ Oooooh! Doing the
people’s work, by hook or by crook … the former descriptive of what they are,
the latter descriptive of what they do … Instead
of Funding Retirement Accounts As Mandatory, Treasury Proceeds To Plunder The
Most Since Debt Ceiling Breach Tyler Durden | Instead of
putting in even one penny into G and CSRD Funds, Tim Geithner has decided to
defraud government retirees by the most since the US debt ceiling was
breached. And, not just the government:
Will Your Private
Pension Be Worthless? Mac Slavo | We know the Federal and
State governments are in serious fiscal trouble. States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 President
summons lawmakers With just over two weeks remaining, Obama calls lawmakers
to White House to break debt stalemate.
(Washington Post) [ Summons?
‘Wobama the b’ (for b***s***)? Romney is quite correct, At
N.H. town hall, Romney says Obama has made the economy worse (WP) ; but,
not just the economy. There is anything about what a president does that wobama
hasn’t failed at other than that ever so smooth jive-talkin’ he does that I
find beyond the pale that anyone is even listening to his b***s***; or rather,
Mr. Teleprompter’s words written / scripted by who knows who. What we do know
is that what he says has absolutely no meaning beyond the saying of the words
which flow so trippingly o’er his tongue. His political opportunism /
soundbites / appearances along with ‘michelle his bell’ have become so unctuous
and predictably transparent that they have become nauseatingly unwatchable.
Summons? He’s not worthy of respect much less attention; particularly owing to
his own abandonment of precepts and promises upon which he ran and for which he
was elected. He’s a total embarrassment!
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington Post) [Davis ‘This is how we pay off our current debts and I think bondholders
are simply happy to get anything out of a country that admits it owes $15Tn
(1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in
the form of unfunded liabilities. The funniest thing about this (and you have
to laugh) is to see Conservative pundits get on TV and talk about how we need
to cut $100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for nation-economy-draining
profits for the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
National / World
Man Arrested for Filming Police from His Own Yard Alex
Jones & Aaron Dykes | A Jonesboro, Arkansas man was arrested after
filming police conduct a warrantless search of a woman’s vehicle and body.
Europeans Will Face More Airport Body Scanners Steve
Watson | The European Union Parliament has adopted a resolution to
allow the full use of body scanners in airports of the 27 European member
nations.
TSA
Searches Woman’s Hair Kurt Nimmo | Incident follows
unsubstantiated TSA warning about surgically implanted bombs.
Brzezinski: Middle Class Unrest To Hit U.S. Paul
Joseph Watson | Globalist who wrote books advocating highly controlled
society dominated by technocratic elite is now concerned about “disparity in
society”.
Author Jan Irvin: Mind Control and The Dumbing Down of
Society The Alex Jones Channel | Alex talks with
author and lecturer in archaeoastronomy, astrotheology, ethnopharmacology, Jan
Irvin.
5 Dead,
23 Hurt Over Violent Holiday Weekend Jennifer Schwarz |
Five men were killed and more than 20 were injured in shootings and stabbings
since Friday.
US-led strike
kills 8 Afghan children Press TV | A US-led airstrike has
targeted a house in eastern Afghanistan, killing at least 13 civilians,
including eight children, police officials say.
The
“War On Terror” Is A $6 Trillion Racket, Exceeding The Total Cost Of World War
II Global Research | The cost of the War on Terror is
significantly greater than Obama has claimed.
‘Alibi’
Obama Who is best to run against the president and his excuses? (Washington
Post) [ Yeah! Really quite true! Wobama the b (for b***s***) is all excuses,
all b***s***. But, don’t strain yourself. It really doesn’t matter since
wobama’s a failed president whose failure speaks for himself (and his
teleprompter). As such, it matters very little who, since whoever, beats wobama
hands down. He has a record of failure and actions that have consistently
belied his words. Indeed, wobama’s a fraud in the inducement (campaign
promises) and a fraud in the factum (in fact). As failed as dumbya bush,
there’s a nausea factor that’s become attached to wobama(s) like no
other(s). Drudgereport: POLL:
Obama 42%, any
Republican 46%...
OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'... ]
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Men
getting jobs faster than women The recession was hard on men, who saw
construction and manufacturing jobs dry up, but the recovery is proving much
kinder on men. In a rare turnabout, men are outpacing women in getting jobs as
the economy struggles back to life — and they’re doing it partly by taking work
in fields long dominated by women. (Washington Post) [ And unfortunately, if
you’ve the unpleasant occasion to experience the american workforce in action
(I’m reminded every time I so do – those problem/support lines for americans
services / products so typically gone awry; horrendous, with an attitude, but
clear as an unmuddied lake as to why american jobs are outsourced. A simple
cost-benefit analysis further confirms the rational basis to this reality. Drudgereport: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... . Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
‘america’s
great girth … as in fatter ’
Global
Stress Points by Oxford Analytica http://en.wikipedia.org/wiki/Oxford_Analytica 20
Warning Signs of a Global Doomsday
Dollar Collapse Taiwan / China Armed Hostility Israel / Iran Armed Conflict Mexico State Hollowing Global Protectionism Latin America Hydrocarbon Disruption Iraq State Institutions Collapse Russia Military Aggression End of Euro India / Pakistan War Pakistan State Collapse Argentina Sovereign Default 2.0 North Korea Military Conflict War in North Africa Lebanon Civil War
Could
One Wrong Policy Move Bring Down the Markets? at Minyanville By Lloyd Khaner Jul
06, 2011 Sovereign debt, inflation and the threat of a catastrophic policy
mistake in China or the U.S. top our list of investors' fears this week.
Moody's
cuts Portuguese debt, China raises interest rates, and Wall Street
understandably gets the jitters. Indeed, caution rules the day, week and entire
season as the world's largest economies will face make-or-break junctions all
summer long. Are the policy makers in China, the U.S., and Europe prepared to
make the right call every time, or will one faulty decision ("insane" bickering over the debt ceiling , for
example) bring ruinous upheaval to our global markets?investing graphic version of this page. For a look at the the
specific worries making investors nervous this week, keep reading. U.S. DEBT CEILING: The countdown clock du
jour is ticking away. Will a deal get done so congress can go on vacation
for the month of August you ask? Is money green, I respond.stock trading financial
CHINA:
Developing a taste for Eurobonds that may rival the one they have for U.S.
Treasuries. Bon Appetit!
The
Madness Of Buying Stocks With P/E's Of 500 at Forbes
Bearish Signs Are Quickly Adding Up By Gary Kaltbaum
Jun 13, 2011 11:00 am
When the markets are in a bear phase, as they are
now, it becomes immensely important to keep our eye on certain things. Over
the past few weeks, I have been more cautious. During that time on the Buzz & Banter ,
I outlined why I thought the market was in trouble. The simple fact is
that every characteristic that usually show up near tops in the market...
showed up. When these characteristics show up, it is time to keep an eye
out for trouble. All that has to happen is for negative price and volume to
confirm. Subtle signs showed up weeks in advance. When listening to
those who say this recent drop came out of nowhere, please take it with a grain
of salt. Here are those bearish characteristics that I've said would eventually
come back to haunt the market: Financials Major New Highs Divergence stocks Defense Leads Low Levels of Cash Mutual funds Over the Top Bullish Sentiment S&P by 2013 and another
calling for 20,000 Dow within 18 months. These type of calls
do not occur at the lows. Many Stock Splits and Mergers Stock Emerging Markets A Plethora of IPOs and Secondaries Semiconductors Finally and Most Importantly moving averages
Try
to resist the urge to listen to permabull Wall Streeters during bear
phases, as it could cost you a bundle. You will be hearing the terms
overdone, overreaction, undervalued, cheap, and so on. Be careful! Fox News a few weeks ago, I received a bunch of
disagreeing emails, and even hate mail. Some people just never want to believe
the market can go down. There is no way of knowing when a bear phase will end,
but just like we know the characteristics that show up during a market top, we
know the characteristics that show up during a market bottom. I do believe this
market has a date with the 200-day moving average Walmart
(WMT Target
(TGT currency Seinfeld episode
where Jerry told George that if every decision he has ever made was wrong, then
doing the opposite must be right. We've seen massive deficits, massive amounts
of new regulations, threats of tax increases, demonization of almost every
industry, and a health care bill that does nothing more than add more costs to
hiring even though they say it will lower costs and lower the deficits. There
is only one outcome from this questionable policy... and we are
seeing it. The Obama administration is not dealing with a sluggish
economy, it is causing it.
Planned
Job Cuts Increase by 12% In June, Second Sequential Increase Tyler
Durden | Forget new job formation.
Europe
Persists in Seeking a Solution for Greece New York Times |
European bankers said that they had not given up on effort to help sort out
Greece’s finances, a day after a major ratings agency said it would consider
Greece to be in default.
In
Europe, an ‘Argentinean Re-Run’: Fund Manager CNBC.com |
The situation facing European countries like Greece and Portugal is directly
comparable to the economic crisis which hit Latin America in the late 1990s.
Instead
of Funding Retirement Accounts As Mandatory, Treasury Proceeds To Plunder The
Most Since Debt Ceiling Breach Tyler Durden | Instead of
putting in even one penny into G and CSRD Funds, Tim Geithner has decided to
defraud government retirees by the most since the US debt ceiling was breached.
Without
Low Interest Rates, The U.S. Financial System Dies The Economic
Collapse | Right now, interest rates are near historic lows.
ECB Will
Continue to Accept Greek Debt Financial Times | The
European Central Bank will continue to accept Greek debt as collateral for
loans unless all the major credit rating agencies it uses declare it to be in
default.
Crumbling
house at center of feud Neighbors in a posh D.C. enclave agree there’s an
eyesore in their midst — just not on where it is. (Washington Post) [ Crumbling
house? Now why do I immediately think of the house of representatives
(including as well, the senate). Because … they’re crumbling, along with the
nation. ‘House of cards’? Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS
HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
The
back-office power brokers Experts in managing troubled loans of commercial
real estate see their fortunes rise in the recession. (Washington Post) [
Kinda’ like a ‘heck of a job, brownie’ (Katrina) moment. Foreclosure
backlogs swell nationwide States are wrestling with backlogs, exacerbated
by homeowners who continue to fall behind on payments. Foreclosure
properties become eyesores Foreclosures
pit suburbia against Wall Street (Washington Post) [ It aint just the foreclosures that pits
people against wall street and it aint just suburbia. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. The catering to fraudulent wall street was a loser ab
initio! That so-called ‘wealth effect’ market froth was used previously by
senile ‘maestro’ greenspan and now ‘no-recession-helicopter-ben-bs-bernanke’
has failed miserably except for the frauds on wall street who
commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Jobless
claims worse than expected at 428,000
I thought the following was interesting: 15
Worst Housing Markets for Next 5 Years - Business Insider
Provided by The
Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005, we're sorry: over the
following six years it depreciated in value by more than 54.3%.
And the
rebound -- if there is a rebound -- won't come soon.
Between
Q2 2011 and Q2 2016, Miami home prices will decline at an annualized rate of
0.7% , according to data
provided by Fiserv Case Shiller.
Fiserv identified
15 housing markets that will appreciate at an annualized rate of less than 1.5%
-- a pretty lousy investment. If you stay out of these markets, the national
average is slightly better at 3.7%.
Here are
the 15 Worst Housing Markets For The Next Five Years
The worst
place to invest: Miami, Florida
Cumulative
growth from 2005 to 2011: -54.3%
Annualized
growth from 2011 to 2016: -0.7%
Trough: Q3
2012
The
second worst place to invest: Atlantic City, New Jersey
Cumulative
growth from 2005 to 2011: -34.05%
Annualized
growth from 2011 to 2016: 0.2%
Trough: Q3
2012
3. Nassau
County, New York
Cumulative
growth from 2005 to 2011: -27.3%
Annualized
growth from 2011 to 2016: 0.7%
Trough: Q4
2011
#4 (tie)
Fort Lauderdale, Florida
Cumulative
growth from 2005 to 2011: -52.9%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q4
2012
#4 (tie)
Midland, Texas
Cumulative
growth from 2005 to 2011: -40.95%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q1
2009
#4 (tie)
Washington, D.C.
Cumulative
growth from 2005 to 2011: -28.1%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q1
2009
#7
Abilene, Texas
Cumulative
growth from 2005 to 2011: -18.9%
Annualized
growth from 2011 to 2016: 1.0%
Trough: Q1
2009
#8
Morgantown, West Virginia
Cumulative
growth from 2005 to 2011: -4.15%
Annualized
growth from 2011 to 2016: 1.1%
Trough: N/A
#9 (tie)
Austin, Texas
Cumulative
growth from 2005 to 2011: 2.63%
Annualized
growth from 2011 to 2016: 1.2%
Trough: Q4
2012
#9 (tie)
Waterloo-Cedar Falls, Iowa
Cumulative
growth from 2005 to 2011: -2.73%
Annualized
growth from 2011 to 2016: 1.2%
Trough: N/A
#11 (tie)
Baton Rouge, Louisiana
Cumulative
growth from 2005 to 2011: -14.48%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q1
2012
#11 (tie)
Amarillo, Texas
Cumulative
growth from 2005 to 2011: -10.5%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q4
2012
#11 (tie)
Lancaster, Pennsylvania
Cumulative
growth from 2005 to 2011: -5.15%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q2
2012
#11 (tie)
Monroe, Louisiana
Cumulative
growth from 2005 to 2011: -11.31%
Annualized
growth from 2011 to 2016: 1.4%
Trough: N/A
#11 (tie)
Shreveport, Louisiana
Cumulative
growth from 2005 to 2011: -10.38%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q3
2011 ‘
Moody's
downgrades Portugal's debt (Washington Post) [ And, it won’t be long before things get ‘greasy’ with Greece
back at the trough; and, italian anyone, along with the other PIIGSUS. Europe
Persists in Seeking a Solution for Greece New York Times |
European bankers said that they had not given up on effort to help sort out
Greece’s finances, a day after a major ratings agency said it would consider
Greece to be in default. US worse than Greece? RT
| Max talks to economist Yanis Varoufakis about the bailout and
austerity packages for Greece. Moody’s
July 4 Bomb: Rating Agency Finds 10% Of Chinese GDP Is Bad Debt, Claims “China
Debt Problem Bigger Than Stated” Tyler Durden | The timing
on the earlier pronouncement that rating agencies may have found religion could
not have been better. Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ Drudgereport: Portugal's
Debt Downgraded to Junk... CHINA:
USA 'ALREADY DEFAULTING'... DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead... NEW
IMF CHIEF FROM CHICAGOLAND... MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV... POLL:
Obama 42%, any
Republican 46%... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS... SoCal
Looks to Secede from California...
A
fight over what we can keep In
Minnesota and elsewhere, the struggle is over what is promised versus what is
affordable. (Washington Post) [Will Your Pension Be
Worthless? Mac Slavo | We know the Federal and State
governments are in serious fiscal trouble.
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Minnesota government
shuts down Politico | Minnesota’s government shut down at
midnight local time Friday after six months of negotiations. Record
44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through
Foodstamps Zero Hedge | April participation in
Supplemental Nutrition Assistance Program (SNAP), better known as “foodstamps”,
shows yet another record, this time 44.647 million people.
Debt
Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History
CNS News | Timothy Geithner oversaw the largest increase in
the national debt of any Treasury secretary in American history.
MORE
CONFIRMATION: The World Economy Is Rolling Over Business Insider |
The latest batch of PMI data is confirming that the world economy is still
rolling over.
While
Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just
Arrested Executives Of Failed Kabul Bank Tyler Durden |
Sometimes it is good to put things in perspective when comparing developed
democracies like America and barbaric despotic dictatorships like
Afghanistan. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud )
National / World
Exclusive: Sony Forces Employees To Submit To Body Scanners Paul
Joseph Watson | Corporation claims devices do not emit any kind of
radiation nor do they show naked images, which begs the question why such
scanners are not being used in airports.
Is the Internet Re-Wiring Our Brains? Prison
Planet Live | Is the world wide web literally re-wiring our brains,
dumbing us down by destroying our ability to think analytically and
infantilizing our minds in the process?
Russian FSB Boss: Internet a Haven for Terrorists Kurt
Nimmo | Russia’s call to go after “domestic terrorists” on the
internet similar to calls in the United States.
Protect IP Act Gives Government Power to Seize Websites
On a Whim Paul Joseph Watson | Law professors warn
that new legislation allows state to seize websites merely for linking to other
websites that host copyrighted material.
New
Weapons in the INFOWAR! Infowars | A sneak peek of
what’s new at Infowars.com.
NATO
War Crimes: Depleted Uranium Found in Libya by Scientists Global
Research | War crimes and crimes against humanity have been and
continue to be committed in the Libyan Arab Jamahiriya by NATO.
Paul
Joseph Watson: 2011 – World In Crisis PrisonPlanetLive |
Paul Joseph Watson, writer and webmaster for Infowars.com and Prisonplanet.com,
talks to WeAreChange Birmingham about the staggering amount of crises to hit
the globe so far in 2011, including the Arab spring and the bombardment and
invasion of Libya.
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him with
both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt,
defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
As
NASA transitions, U.S. space politics in a state of flux (Washington Post) [ U.S. space politics? I
didn’t know there was such a thing. But I, and I’m sure all know that ‘u.s.
politics are spaced’. Flux? One could only hope. I’d say, ‘fleeced’; as in
we’ve all been fleeced. Sterner:
5 myths about NASA (Washington
Post) [ If you can’t get past the first myth; viz., that they actually set foot
on the moon, the other 5 so-called myths become irrelevant. Indeed,
post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA
was all military / military industrial complex (moreover, someone knowledgeable
about such matters said essentially that in explaining to my surprise the
transition to the shuttle program it was said there was greater military
application in same). In any event, Russia’s been doing quite a bit of ‘heavy
lifting’ vis-ŕ-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start),
terrestrially. NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more: Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.” buzz aldrin
wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he
already has the footage in the can since you won’t be able to use the moon
footage for the new boondoggle video ... OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO
BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE
(IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com -
Tariq
Malik CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld And don’t forget, Bruce Willis and Ben Affleck, et als, have
already done this so it’s not as if they’re starting from ‘ground zero’, so to
speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware
say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might
want to mate with astronaut Paddy Ross who has returned from Mars as a space
alien host body. First fake moonwalker blasts Obama's space plan msnbc.com -
Bill Ingalls - The first man to pretend to
walk on the moon blasted President Barack Obama's decision to cancel NASA's
back-to-the-moon program on Tuesday, saying that not going with the new movie
is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the
dutch national museum - a supposed moon rock from the first manned lunar
landing - is nothing more than petrified wood, ...bbc news bbc news | europe |
fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock
given to an overseas politician by the united states is actually a lump of
petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch
museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national
museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by
american astronauts, ... http://www.albertpeia.com/moonfraud.htm
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
President
summons lawmakers With just over two weeks remaining, Obama calls lawmakers
to White House to break debt stalemate.
(Washington Post) [ Summons?
‘Wobama the b’ (for b***s***)? Romney is quite correct, At
N.H. town hall, Romney says Obama has made the economy worse (WP) ; but,
not just the economy. There is anything about what a president does that wobama
hasn’t failed at other than that ever so smooth jive-talkin’ he does that I
find beyond the pale that anyone is even listening to his b***s***; or rather,
Mr. Teleprompter’s words written / scripted by who knows who. What we do know
is that what he says has absolutely no meaning beyond the saying of the words
which flow so trippingly o’er his tongue. His political opportunism /
soundbites / appearances along with ‘michelle his bell’ have become so unctuous
and predictably transparent that they have become nauseatingly unwatchable.
Summons? He’s not worthy of respect much less attention; particularly owing to
his own abandonment of precepts and promises upon which he ran and for which he
was elected. He’s a total embarrassment!
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington Post) [Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new jersey,
new york, virginia, connecticut, california) carves out no exception for the
prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black defendants
and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline, fall,
and as with dinosaurs, extinction, at least in a manner of speaking. Global
information exchange at lightning speed has made such throwbacks to a lost era,
propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
With QE2 Dead, Are We Staring Down a Bull or Bear? By
Benzinga.com Jul 05, 2011 ‘…we're in for doom and gloom in the future. With no
bullets left in the gun for Bernanke to fire …, the government may not have the
means to stop the panic a second time. Things could get ugly in a hurry…’
‘One of the most convincing cases often
made by the stock-market bulls is that stocks are super cheap, with interest
rates at rock bottom and the S&P 500 trading at just 13 times forecast
earnings for the 2011. But the market may not be as cheap as it appears — and
it could get a lot cheaper, according to a note today from Morgan Stanley
equity strategist Adam Parker.
First, Mr. Parker shoots all kinds of
holes in the market-is-cheap theory. For one thing, the market is only slightly
cheaper today than its average forward P/E of 13.6, dating back to 1976.
And the market isn’t cheap at all using
other ratios, such as price-to-sales (1.4x, compared with a long-term average
of 1.1x), price-to-book (2.3x compared with a long-term average of 2.2x) or
price-to-trailing earnings (16.1x compared with a long-term average of 17.8x).
Meanwhile, the S&P 500′s
dividend yield of just 1.7% is way below an average of 2.7% dating back to
1964.
And this one is maybe the most
interesting: Mr. Parker argues that the biggest-cap companies are providing
most of the stock market’s cheapness, leaving the rest of the market fairly
valued. If the biggest 30 stocks are excluded, the market’s forward P/E ratio
is 13.5x, nearly matching the historical average. The biggest 30 stocks are
trading at 11.5x forward earnings (an echo of the WSJ story
“Our view is that the mega caps are
undervalued and the rest of the market (stocks 31 through 500) are modestly
overvalued,” Mr. Parker writes.
And now the kicker: The market will
likely get even cheaper. Analyst earnings forecasts are now way above their
long-term average, up 18.4% in the past year, compared with an average over the
past 20 years of 7.91%. Earnings forecasts seem likely to fall back to earth,
which alone could drive the market’s forward earnings multiple down to 10.6x,
Mr. Parker estimates.
Meanwhile, Mr. Parker estimates that
inflation-adjusted earnings growth has averaged 3.77% since 1948, and it will
likely be lower than that in the next 10+ years, hurt by higher inflation and
slower and more volatile economic growth around the world.
If he’s right, then the market is more
expensive now than it seems. His forecast is that forward P/E will fall to 10.
Update: A commenter raised the issue of cash —
the top 1500 companies have some $1.5 trillion in cash sitting on their balance
sheets, fuel for future growth, stock buybacks, dividends, etc. That should
make the market more attractive, but Mr. Parker dismantles this one, too,
saying companies have net debt near pre-Internet bubble levels, that much of
the cash is overseas and must be repatriated and that investors have been
cutting the premium they’re willing to pay for corporate cash in recent years.’
S&P Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes!
Jobless claims at 428,000 much worse than expected; and, don’t forget, these
are desperate ‘pre-election times’ when regardless of factual reality (ie.,
fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as
even their youth gangs are showing increased criminal activity which probably
accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged
/ faked / spun. Foreclosure, distressed sales up, at least on paper with
contracts signed, so no surprise nor reason to cheer here, as markets worldwide
jump on the american crazy train for a short-lived manipulated bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
]
At first
glance, an auspicious close to both QE2 and the second quarter. Investors
cheered news that Greece would avoid a near-term default on its debt. Still
take a close look at the historical tight correlation between the S&P 500
and the four-week rolling average for initial jobless claims, and the equity
recovery could be a temporary blip.
http://blogs-images.forbes.com/maureenfarrell/files/2011/06/6-30MFjobless.png
This chart plots
the S&P 500 index against an inverse of the 4-week average of initial
jobless claims. If you can excuse the tiny font, the chart illustrates a tight
and curious correlation between these metrics since December 2006.
Looking back
over the past four and a half years, these lines tends to stay tightly
correlated, and when they diverge, they quickly retreat back together. Looking
back at this chart, the equity market continued to tumble through January 2009
as more Americans filed for unemployment each week. Conversely as these jobless
claims dropped to 450,000 mark, the market largely moved upwards.
Now the
question is: will jobless claims move and stay below 400,000? If so perhaps,
the equity rally will continue, but if they remain stuck around 428,000, the
number reported today, expect a downturn in the equities market.
Jobless claims
are clearly a barometer of the larger economic picture and are more of a
coindicator than a leading indicator. This chart shows that initial jobless
claims(upside down) and the S&P 500 move in concert. Over a month or two,
if they start moving in wildly different directions, it’s a good bet that one
of them is wrong.
Special thanks
to my colleagues, statistical wizards
John Ray and Scott DeCarlo
for their assistance in constructing this chart.’
Dick Bové: Lost Finance Jobs Are Gonna Stay That Way…FOREVER
S&P
Reaches Possible Reversal Point at Minyanville
Moody's cuts Portugal to junk, warns on 2nd bailout
John
Mauldin: My View on the Last Half of the Year at Minyanville
By John Mauldin
Jul 05, 2011 ‘What does the end of QE2
mean? What can we expect from Europe? Is a commodity bubble getting ready to
burst? Is it really a bubble? Editor's
note: The following was originally published by John Mauldin on July 2, 2011. calling data http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%201.jpg
talking to a
friend http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%202.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%203.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%204.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%205.jpg
[$$]
Once Again, Gold Makes Sense at TheStreet
Top 3 Reasons Markets Were Mixed After Last Week’s Gains Wall St. Cheat Sheet ‘ With five straight days of gains, the markets had
their best week in two years leading up to the Fourth of July weekend. But as
we return from the weekend’s fun in the sun, markets are mixed, with only the
Nasdaq (NASDAQ:QQQ) showing minor gains.
Markets closed
mixed on Wall Street today: Dow -0.10% , S&P -0.13% , Nasdaq +0.35% , Oil
+2.02% , Gold +2.25% .
On the
commodities front, Oil (NYSE:USO) jumped back up to nearly $97 a barrel.
Precious metals also took a turn, with Gold (NYSE:GLD) rising to $1,516, while
Silver (NYSE:SLV) was up 5.49% to $35.56.
Today’s
markets were mixed because:
1) Portugal
may be the new Greece . Moody’s cut Portugal’s credit rating by four levels to
Ba2, two notches into junk territory . Moody’s says Portugal will need a second
bailout, like the one currently being planned for Greece, before it can return
to capital markets.
2) May factory
orders . This data may have been the one bright spot in a gloomy day of
trading, and along with energy sector gains, one of the only reasons markets
weren’t as bad as they could have been. New orders for manufactured goods rose
$3.5 billion in May, or 0.8%, to $445.3 billion after decreasing 0.9% in April.
3) Poor
financials. Stocks dropped today for the nation’s biggest financial firms:
JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC), Citibank (NYSE:C), Goldman
Sachs (NYSE:GS), Wells Fargo (NYSE:WFC), Morgan Stanley (NYSE:MS), and just
about every other financial stock trading on the NYSE. And when the banks have
a bad day, everyone has a bad day. The New York Stock Exchange’s gainers were
roughly even with decliners in today’s trading…’
First-Half
Proves ‘Humbling’ For Paulson, Einhorn & Ackman
What
Country Is the Safest Place to Invest Your Money? (CNBC)
[ Wow! Pervasively corrupt, defacto bankrupt america is # … 15 … orwellian
england is # … 22 … keep ‘dem’ wars rollin’ … they do wonders for the economy!
] ‘ Norway is the least-risky nation on
the planet, Greece is the riskiest country, and the debt of the United Kingdom
is surprisingly suspect relative to other developed nations, according to a new
index of sovereign risk just released by the largest publicly traded asset
manager.
The Nordic country “ benefits from extremely low absolute levels of debt,
a strong institutional context and very limited risks from external and
internal financial shocks, ” said Benjamin Brodsky, head of fixed income asset
allocation at the firm, which has $3.65 trillion under management.
BlackRock created the investing tool to capitalize on macro themes that
have dominated headlines as Europe ’ s woes and the U.S. debt ceiling become the biggest
issues of 2011. Macro investing has also seen more inflows than any other
hedge-fund category this year, according to a number of surveys.
The asset manager attempts to go a step further than just the usual
debt-to-gross-domestic-product ratio analysis. It also factors in an exhaustive
list of metrics that fall under four broad categories: proximity to distress,
external finance position, banking sector health and willingness to pay.
“ The high correlation between the BlackRock Sovereign
Risk Index and CDS spreads suggests that we have identified significant drivers
of sovereign risk, even while avoiding direct inclusion of market-based
measures in the index, ” states the report.
Chart Norway: http://api-cdn.cnbc.com/api/chart/chart.asp?YYY330_VnsGsd2sggPqXYH+RDnPSXpNT2fyPMN1ZNBRwDKuAR0=&type=small&charttype=price&timeframe=1week&realtime=0&symbol=NORW&showHeader=&showSidebar=0&hideExchange=0&changeOverTime=0&showExtendedHours=0
Other notable surprises in the 44-country index, which assigns a single
score to each nation, are Canada at No. 6, the U.S. at 15th just behind China
and the U.K. at 22, with a negative “ risk index score. ”
The U.K., a prime example of the broad factors the index takes into
account, is behind countries including Russia and Peru because of its weak
banking sector.
“ While the country ’ s institutional strength
and integrity is notable, and it is insulated from external financial shocks,
its weakness is attributable to a weak fiscal space profile, while contingent
liabilities to the financial sector drag, ” states the report. “ In addition, the U.K. ’ s growth of credit has
outpaced GDP in recent years, a hallmark of a bubble. ”
Rounding out the bottom five of the index, following Greece, are
Portugal, Venezuela, Egypt and Italy. Sweden, Switzerland, Finland, and
Australia are among the top five for your money. But the highest score, by far,
is the debt of Norway.
“ They ’ re oil rich and fiscally conservative, ” said Larry McDonald,
author of "A Colossal Failure of Common Sense, the Lehman Brothers
Inside Story." The country has about $300,000 per person in oil
reserves, according to McDonald, who gave a speech at a bank in the country
last year.
Norway ’ s
GDP per capita is the seventh-highest in the world, and it is the ninth-biggest
oil exporter in the world, according to the CIA World Factbook. Besides
petroleum products, the country ’ s biggest exports are machinery, metals, chemicals,
ships and fish, according to the CIA…’
And it is not just Greece. After Greece is dealt
with, the eurozone must deal with Ireland and Portugal. And the market is increasingly
suggesting there is more risk there than the area can handle. Look at the graph
below, which shows the steady rise of interest rates for Ireland and Portugal.
This looks like Greece not so long ago. And Portugal now has higher rates than
Ireland. This means that both countries are effectively cut out of the private
market. (www.ifr.com )http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%206.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%207.jpg
While
the focus is for the moment on the question of bridging Greece’s immediate funding
mutual funds data view
the entire episode next week on the McCuistion website.http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20image.jpg
financial Editor's Note: This content was taken from John Mauldin's weekly E-Letter,
Thoughts From the Front Line. See more at John's home page . @Minyanville .’
Europe
Persists in Seeking a Solution for Greece New York Times |
European bankers said that they had not given up on effort to help sort out
Greece’s finances, a day after a major ratings agency said it would consider Greece
to be in default.
ECB
unlikely to walk away from Greek banks MarketWatch |
Tensions rising between central bank, ratings companies.
JPMorgan
Chase’s Jamie Dimon as New U.S. Treasury Secretary? Zero Hedge
| Relentless printing of new bonds would necessitate round after round of QE.
ECB Will
Continue to Accept Greek Debt Financial Times | The
European Central Bank will continue to accept Greek debt as collateral for
loans unless all the major credit rating agencies it uses declare it to be in
default.
The
ECB Already Has A ‘Plan B’ In Case The Ratings Agencies Wreck The Greek Bailout
Business Insider | The big chatter over the last few days has
concerned the ratings agencies, and whether they would torpedo the Greek
bailout.
Moody’s
July 4 Bomb: Rating Agency Finds 10% Of Chinese GDP Is Bad Debt, Claims “China
Debt Problem Bigger Than Stated” Tyler Durden | The timing
on the earlier pronouncement that rating agencies may have found religion could
not have been better.
US worse than Greece? RT
| Max talks to economist Yanis Varoufakis about the bailout and
austerity packages for Greece.
The
back-office power brokers Experts in managing troubled loans of commercial
real estate see their fortunes rise in the recession. (Washington Post) [
Kinda’ like a ‘heck of a job, brownie’ (Katrina) moment. Foreclosure
backlogs swell nationwide States are wrestling with backlogs, exacerbated
by homeowners who continue to fall behind on payments. Foreclosure
properties become eyesores Foreclosures
pit suburbia against Wall Street (Washington Post) [ It aint just the foreclosures that pits
people against wall street and it aint just suburbia. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. The catering to fraudulent wall street was a loser ab
initio! That so-called ‘wealth effect’ market froth was used previously by
senile ‘maestro’ greenspan and now ‘no-recession-helicopter-ben-bs-bernanke’
has failed miserably except for the frauds on wall street who
commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Jobless
claims worse than expected at 428,000
I thought the following was interesting: 15
Worst Housing Markets for Next 5 Years - Business Insider Provided
by The
Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005, we're sorry: over the
following six years it depreciated in value by more than 54.3%.
And the
rebound -- if there is a rebound -- won't come soon.
Between
Q2 2011 and Q2 2016, Miami home prices will decline at an annualized rate of
0.7% , according to data
provided by Fiserv Case Shiller.
Fiserv
identified 15 housing markets that will appreciate at an annualized rate of
less than 1.5% -- a pretty lousy investment. If you stay out of these markets,
the national average is slightly better at 3.7%.
Here are
the 15 Worst Housing Markets For The Next Five Years
The worst
place to invest: Miami, Florida
Cumulative
growth from 2005 to 2011: -54.3%
Annualized
growth from 2011 to 2016: -0.7%
Trough: Q3
2012
The
second worst place to invest: Atlantic City, New Jersey
Cumulative
growth from 2005 to 2011: -34.05%
Annualized
growth from 2011 to 2016: 0.2%
Trough: Q3
2012
3. Nassau
County, New York
Cumulative
growth from 2005 to 2011: -27.3%
Annualized
growth from 2011 to 2016: 0.7%
Trough: Q4
2011
#4 (tie)
Fort Lauderdale, Florida
Cumulative
growth from 2005 to 2011: -52.9%
Annualized growth
from 2011 to 2016: 0.8%
Trough: Q4
2012
#4 (tie)
Midland, Texas
Cumulative
growth from 2005 to 2011: -40.95%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q1
2009
#4 (tie)
Washington, D.C.
Cumulative
growth from 2005 to 2011: -28.1%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q1
2009
#7
Abilene, Texas
Cumulative
growth from 2005 to 2011: -18.9%
Annualized
growth from 2011 to 2016: 1.0%
Trough: Q1
2009
#8
Morgantown, West Virginia
Cumulative
growth from 2005 to 2011: -4.15%
Annualized
growth from 2011 to 2016: 1.1%
Trough: N/A
#9 (tie)
Austin, Texas
Cumulative
growth from 2005 to 2011: 2.63%
Annualized
growth from 2011 to 2016: 1.2%
Trough: Q4
2012
#9 (tie)
Waterloo-Cedar Falls, Iowa
Cumulative
growth from 2005 to 2011: -2.73%
Annualized
growth from 2011 to 2016: 1.2%
Trough: N/A
#11 (tie)
Baton Rouge, Louisiana
Cumulative
growth from 2005 to 2011: -14.48%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q1
2012
#11 (tie)
Amarillo, Texas
Cumulative
growth from 2005 to 2011: -10.5%
Annualized growth
from 2011 to 2016: 1.4%
Trough: Q4
2012
#11 (tie)
Lancaster, Pennsylvania
Cumulative
growth from 2005 to 2011: -5.15%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q2
2012
#11 (tie)
Monroe, Louisiana
Cumulative
growth from 2005 to 2011: -11.31%
Annualized
growth from 2011 to 2016: 1.4%
Trough: N/A
#11 (tie)
Shreveport, Louisiana
Cumulative
growth from 2005 to 2011: -10.38%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q3
2011 ‘
National / World
Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5, 2011
Lindsey had
committed candor, and the stunned Bushites came down on him with both feet.
“Baloney,”
said Donald Rumsfeld. The likely cost would be $60 billion, said Mitch Daniels
of the Office of Management and Budget. We can finance the war with Iraqi oil,
said Paul Wolfowitz.
By year’s end,
Lindsey was gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”
And the cost
of the Iraq War? It has passed $1 trillion.
So Lindsey is
worth listening to. And he is now saving that the Obamaites may be wildly
underestimating the deficits America is going to run in this decade. Here is
why.
The average
rate of interest the Fed has had to pay to borrow for the last two decades has
been 5.7 percent. However, President Obama is projecting the cost of money at
only 2.5 percent.
A return to
the normal Fed rate would, by 2020, add $4.9 trillion to the cumulative
deficit, says Lindsey, more than twice the $2 trillion in savings being
discussed in Joe Biden’s debt-ceiling deal.
Second, Obama
is estimating growth in 2012, 2013 and 2014 at 4, 4.5 and 4.1 percent. But the
normal rate for a mature economy recovering from recession is 2.5 percent.
Hence, if we
return to a normal rate of growth, rather than rise to Obama’s projected rate,
says Lindsey, that would add $700 billion to the deficit over the next three
years and $4 trillion by 2020.
Taken
together, a U.S. return to a normal rate of growth of 2.5 percent, higher than
today, and a normal rate of interest for the Fed could add as much as $9
trillion to the deficits between now and 2020.
New taxes on
millionaires and billionaires who ride around in corporate jets can’t cover a
tenth of 1 percent of these deficits.
Writes
Lindsey, “Only serious long-term spending reduction in the entitlement area can
begin to address the nation’s deficit and debt problems.”
His conclusion is logical, but seems impossible to
achieve when both parties are talking of taking Medicare and Social Security
off the table. Which makes his final point all the more compelling:
“Under current government policies and economic
projections, (bondholders) should be far more concerned about a return of their
principal in 10 years than about any short-term delay in interest payments in
August.”
Lindsey is saying that the probability of U.S. bonds
losing face value through inflation or default is high, given the size of the
deficits we will be running and the improbability that any deficit-reduction
plan now out there can significantly reduce them.
Standard & Poor’s and Moody’s are already talking
of downgrading U.S. debt if the debt ceiling is not raised by early August.
Is America then headed for an inevitable default?
One Chinese economist is already accusing us of
defaulting, as the Fed’s flooding of the world with dollars has seen the dollar
lose 10 percent of its value against other currencies in the last year.
Holding $1 trillion in U.S. debt, China has watched
the purchasing power of that U.S. paper plummet. Understandably, Beijing fears
that if we ever pay back all they have lent us, it will be in U.S. dollars of
far lesser value.
What should House Republicans do?
Stick to their principles and convictions.
For the cause of the deficit-debt crisis has been the
explosion in federal spending under Barack Obama to the largest share of the
U.S. economy since the climactic years of World War II.
Administrations of both parties contributed to this
rise in the federal share of gross domestic product. But the GOP committed
itself in 2010 to rein it in, without raising taxes. On that pledge the GOP
triumphed and should keep its commitment.
First, because it is a solemn undertaking with a
nation disgusted with politicians who say one thing and do another. Second,
because our fiscal crisis, like Europe’s, is a result of too much government,
not too little revenue. Third, because there is no credible school of economic
thought that says raising taxes on the productive sector when one in six
workers is unemployed or underemployed is the way to prosperity.
Under Obama these past two years, the nation relied
on the U.S. government to pull us out of the ditch. But Obama’s $787 billion
stimulus, his three deficits of 10 percent of GDP, and Ben Bernanke’s tripling
of Fed assets by buying the bad paper of big banks and $600 billion in U.S.
debt all failed.
For Republicans to agree now to a tax increases that
would violate their principles, their promises to the voters and their basic
philosophy — and be icing on the cake of Obama’s debt-ceiling increase — would
be politically suicidal.
Indeed, were the Republican Party to do this, it
would raise the question of why we need a Republican Party.
These might be related:
Is a U.S. Default
Inevitable? Share… By Patrick J. Buchanan We were blindsided. We
never saw it coming. So said… Let Russia Default! Share… By Patrick J.
Buchanan – June 9, 1998 Why would Republicans even think of… Is a Bond Crisis
Inevitable? Share… By Patrick J. Buchanan With Christmas shoppers
out in force and the stock market… Is Obama
Only Postponing the Inevitable? Share… By Patrick J. Buchanan In deciding to pull
all of the 30,000 troops from… Was the Holocaust
Inevitable? Share… by Patrick J. Buchanan “What Would Winston Do?”
So asks Newsweek’s cover, which features… Obama Blows up the
Bridge Share… By Patrick J. Buchanan “Rather than building bridges, he’s
poisoning wells,” said Rep. Paul… Fatal Flaw of
Democracies Share… by Patrick J. Buchanan “We just can’t afford
it!” Not long ago, every America… Socialist Republic Share… By Patrick J.
Buchanan Barack Obama and George W. Bush seem to have come… America’s Bubble Economy Share… By Patrick J.
Buchanan – April 28, 1998 Now that the Dow has crossed… Pitchfork Time Share… By Patrick J.
Buchanan In his campaign and inaugural address, Barack Obama cast
himself…’
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington Post) [Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The effects
of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Paul Joseph Watson: 2011 – World In Crisis PrisonPlanetLive
| Paul Joseph Watson talks to WeAreChange Birmingham about the staggering
amount of crises to hit the globe so far in 2011.
Will Strauss-Kahn Be The Next President Of France? Paul
Craig Roberts | Eight years after she went, Strauss-Kahn’s French
accuser says she didn’t know what it meant.
Libertarian Party Asks Florida Sheriffs To Arrest TSA
Agents Steve Watson | The Libertarian Party of
Florida has written to the sheriff of every county in the state demanding that
they arrest any TSA agent who conducts an “enhanced” pat-down.
TSA Violates Its Own Policy To Stem Tide Of Pat Down
Abuse Footage Paul Joseph Watson | The TSA is
intimidating passengers from filming security checkpoints before they land in a
bid to stop viral YouTube videos embarrassing the federal agency.
Nigel Farage: The Worm has Turned You
Tube | “I think there is a growing realisation both here and elsewhere
that the worm has turned, that we have seen the beginning of the end of this
extremely dangerous project.”
Comic:
The Facebook Wall of the United States at Minyanville http://image.minyanville.com/assets/FCK_Jan2011/Image/Schuster/Facebook%20of%20America.gif
War
In Libya: NATO runs out of bombs, Germany going to supply munitions RT
| Germany steps up role in NATO war in Libya.
‘War
is a war even if they call it a humanitarian mission’ RT |
To discuss the significance of Germany’s latest move RT talks to political
blogger Rick Rozoff.
‘Mini-surge’
of U.S. Special Forces to hit Afghanistan Stars and Stripes
| U.S. military leaders are working to replace some of the exiting American
conventional forces from Afghanistan with a “mini-surge” of U.S. Special
Forces.
Sterner:
5 myths about NASA (Washington
Post) [ If you can’t get past the first myth; viz., that they actually set foot
on the moon, the other 5 so-called myths become irrelevant. Indeed,
post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA
was all military / military industrial complex (moreover, someone knowledgeable
about such matters said essentially that in explaining to my surprise the
transition to the shuttle program it was said there was greater military
application in same). In any event, Russia’s been doing quite a bit of ‘heavy
lifting’ vis-ŕ-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start), terrestrially. NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more: Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.” buzz aldrin
wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he
already has the footage in the can since you won’t be able to use the moon
footage for the new boondoggle video ... OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO
BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE
(IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com -
Tariq
Malik CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld And don’t forget, Bruce Willis and Ben Affleck, et als, have
already done this so it’s not as if they’re starting from ‘ground zero’, so to
speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware
say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might
want to mate with astronaut Paddy Ross who has returned from Mars as a space
alien host body. First fake moonwalker blasts Obama's space plan msnbc.com -
Bill Ingalls - The first man to pretend to
walk on the moon blasted President Barack Obama's decision to cancel NASA's
back-to-the-moon program on Tuesday, saying that not going with the new movie
is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the
dutch national museum - a supposed moon rock from the first manned lunar
landing - is nothing more than petrified wood, ...bbc news bbc news | europe |
fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock
given to an overseas politician by the united states is actually a lump of
petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch
museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national
museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by
american astronauts, ... http://www.albertpeia.com/moonfraud.htm
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
A
fight over what we can keep In
Minnesota and elsewhere, the struggle is over what is promised versus what is
affordable. (Washington Post) [Will Your Pension Be
Worthless? Mac Slavo | We know the Federal and State
governments are in serious fiscal trouble.
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Minnesota government
shuts down Politico | Minnesota’s government shut down at
midnight local time Friday after six months of negotiations. Record
44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through
Foodstamps Zero Hedge | April participation in
Supplemental Nutrition Assistance Program (SNAP), better known as “foodstamps”,
shows yet another record, this time 44.647 million people.
Debt
Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History
CNS News | Timothy Geithner oversaw the largest increase in
the national debt of any Treasury secretary in American history.
MORE
CONFIRMATION: The World Economy Is Rolling Over Business Insider |
The latest batch of PMI data is confirming that the world economy is still
rolling over.
While
Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just
Arrested Executives Of Failed Kabul Bank Tyler Durden |
Sometimes it is good to put things in perspective when comparing developed
democracies like America and barbaric despotic dictatorships like
Afghanistan. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud )
Drudgereport:
UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
Riot
police braced for violence as union protesters march in cities across the UK
and strike closes a third of all schools Riot police were put on standby in
anticipation of trouble in Central London, as anarchist group Black Bloc
threatened ‘a day of rage’ and 10,000 officers have had their leave cancelled.
Erik Wemple : Will Media Matters stay on Beck?Nor is the notion of ‘blue blood distinction’ a positive
and more likely a negative inasmuch as with rare exception (ie., Puritans,
infra, etc.) initial immigrants had less rational basis for coming to the wilds
of this new land and probably had few prospects in their home countries as
compared with later immigrants to whom could be attributed a rational decision.
In other words, for example, I believe the ancestral bushes would have been
criminals in their ‘nation of origin’, etc.. It is the notion of inherent
american criminality that I believe frightened Alex Jones et als the most and
their felt need to resort to censorship they so protest as to themselves. The
only paper / media /news disseminator I’ve found (I sampled many, including the
biggest) to be true to the first amendment while retaining the highest of
journalistic standards and quality is in fact The Washington Post (of
Washington no less where the temptation to greece (sic) grease the skids for
the pols in return for access must be great; instead, when the pols, etc., see
a Washington Post Reporter / Journalist / Correspondent the reaction is more of
a, ‘we better get our facts in order’; and I’m
not saying this to ‘stroke’ what I consider to be the last and truly only great
newspaper in america, viz.,’ The Washington Post’. While some may say my statistical sampling to be less than
random or large enough, I’d reply that such inferences are indeed accurate, and
that such disciplines as the simplex algorithm / management science, linear
algebra, statistics came very easily to me, and that I’d surely know the
difference. America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
S&P
WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT! 'Impossible
knot'...
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... CA Prison Shrink Paid $838,706 Last Year... No
recession for 454 White House aides: They'll make $37,121,463 this year... United
States of 'gloom'...
Iran
Ridicules: America is Not Independent...
SHOCK:
Father with HIV raped 6-month-old son...
MEDIA
BLOWS IT, AGAIN... NANCY
GRACE LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'... Attorney:
Case Was 'Media Assassination'... 'Now
you have learned a lesson'... CBS
host breaks down... 'TOT
MOM' CLEARED BY COURT...
JURY: NO MURDER! Only
guilty of lying to cops...
Portugal's
Debt Downgraded to Junk... CHINA:
USA 'ALREADY DEFAULTING'... DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead... NEW
IMF CHIEF FROM CHICAGOLAND... MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV... POLL:
Obama 42%, any
Republican 46%... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'...
Bachmann:
Media wants 'to see two girls come together and have a mud wrestling
fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come
together’ sounds about right … playing ‘victim’ does not become a presidential
candidate. ] ...
Palin:
Hollywood stars as 'full of hate'... ["What would make someone be so full of
hate?" palin asks … answer: resistance to someone as dumb and full of
war-mongering hate as she is! ]
REPORT:
NATO forces ARE
trying to assassinate Qaddafi...
Los Alamos under siege from wildfire... 'Throwing absolutely everything at this that we got'...
BLAGO
LIKELY HEADED TO PRISON... 'What
happened?' But
he gets to keep his hair... Fitz
finally wins one!
GUILTY
IN CHICAGOLAND... 17
of 20 counts... Tried
To Sell Obama's senate seat... Jury
DEADLOCKED on Rahm shakedown... Blago
to lawyer: 'What happened?' 'Stunned'...
JOBLESS
WEAK: 429,000... ...disappointed Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE
NEW 'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day!
DOWN TO
THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE... DEM
FIX: MORE SPENDING! Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA... 66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF... ANGER
IN ATHENS... 'BLACK
HOLE'...
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ]
Census:
Whites lose majority among babies... German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears... Princess
Diana Conspiracy Movie Headed to Theaters...
]
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
... Michelle Obama Admits: 'Fortunately, We Have Help From The Media'... CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'... Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS... Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge... Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs
of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt
of Diana for having brought the son of her bosom, Chas, down. Do I think she
said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this
looming conflict. After all, Diana was his mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ]
Watch
the Market, Not CNBC at Forbes
Should You Sell into this Rally? [ Yes! ]
Simon Maierhofer July 1, 2011 ‘Buy
low, sell high. The major U.S. indexes a la Dow Jones (DJI: ^DJI), S&P
(SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC) are higher today than many expected a
few weeks ago. Does that mean it's time to sell?
A
smart person learns from his own mistakes, a wise person learns from the
mistakes of others. Let's see where others have gone wrong in the past and what
it means for us right now.
Don't Be a Herd Seller
The
worst time to sell is usually when everyone else is selling (there's one caveat
we'll discuss in a moment). This was the case last summer when the term double
dip popped up everywhere.
Investors
who succumbed to selling double dipped themselves right out of the market at
the worst time.
A
similar pattern occurred just a few weeks ago. Within six weeks of the May 2
highs, investors turned nearly as bearish as they were during the 2010 summer
sell off. But there was one major difference. From April - June 2010 the
S&P fell over 200 points and stood as low as 1,010.
http://www.etfguide.com//contributor/UserFiles/8/Image/vital%20signs%20july%20yahoo.gif
The
recent slump only erased only as much as 110 points and saw the S&P no
lower than 1,255. Yet, sentiment became nearly as bearish as it was in June
2010. From a contrarian point of view that was bullish (see chart above).
So Bad, It's Good
In
fact, things had become 'so bad, it's good.' The chart of the Citigroup Economic
Surprise Index shown below, along with the sentiment measures shown above (both
originally featured in the June 18 ETF Profit Strategy Newsletter), suggested
that the stock market (NYSEArca: VTI News
http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI%20-%20SP.gif
One
day before the actual low on June 15, the ETF Profit Strategy Newsletter wrote:
'The S&P is probing for a bottom. Technicals and sentiment data suggests
that a bottom has either been found or is close. A drop into the 1,259 - 1,245
range, would prompt us to close out short positions and leg into long
positions.' The very next day the S&P slid as low as 1,258 and has
recovered nicely since.
A Tough Call
Over
the recent past, we've become conditioned to expect that every sell off will
eventually lead to new highs. This was the case in January and April 2010 and
in March 2011.
But
the market is unpredictable and there is no such thing as a sure thing. In May
2008 for example, a spirited rally propelled the S&P (NYSEArca: VOO News
But
that was the end of the rope. Within less than a year the S&P lost more
than 50%. High-flying sectors like technology (NYSEArca: XLK News XLF News
The
May 2008 rally retraced 57% of the December 2007 - March 2008 decline. The
current bounce has retraced 63% from the May 2 - June 16 decline. Discerning
eyes will see that this is more than the Fibonacci 61.8% retracement common for
counter trend rallies.
This
could well mean that new highs are on the horizon. However, the VIX (Chicago
Options: ^VIX) is currently back down to 15.38. Its May 2008 low was 15.82.
There
is also a target for a potential head and shoulders top and the 78.6% Fibonacci
retracement between 1,333 - 1,347. Any weakness in this area would be a red
flag while a push beyond the 78.6% retracement would be very bullish.
Should You Sell Now?
The
S&P is not there (1,340) yet, but when it gets there it would be worth
taking a stab at shorting the market with a tight stop-loss. Why?
It
could be a high reward trade. Negative sentiment can at times become a
self-fulfilling prophecy. When that's the case, the market moves quickly and doesn't
give investors a chance to lock in long profits and establish cheap short
positions (remember 2008?).
Entering
a short position against such resistance is a low-risk, high reward set up as
long as it's done with surgical precision and tight-stop losses (and the
flexibility to go long if resistance is broken).
We
know it works because we've successfully shorted against important Fibonacci
resistance of 1,369 (sell recommendation in May 1, ETF Profit Strategy Update),
while covering shorts and going long at support of 1,259 (buy recommendation in
June 15, ETF Profit Strategy Update).
Is
this approach fail proof? No. But here's why selling into resistance does work.
Imagine a car driving on a long road with a few traffic lights. If the car is
going to stop, accelerate, or make a U-turn anywhere on the road, it will most
likely be at a traffic light. If the S&P is going to reverse, it will
likely be at support/resistance …’
Going
Short the Dow at Minyanville / Dangerfield [ Because of the
inherently dangerous nature of short-selling (potential loss of more than your
investment, wiped out; though straddles, option strategies can militate against
said risk) I consider same more a speculation than investment strategy. Yet, in
this contrived, manipulated (for month, quarter, half window dressing), overpriced
market, I’m constrained to say that if you were so inclined to try your hand at
it, now would be a perfect time. ] The Dow, or the way I play it
the Diamonds (NYSE:DIA) ran right into that top Bollinger Band on
Thursday. Plus the weekly DIA shows a bounce from the bottom Bollinger
Band to the Middle Bollinger Band, where many rallies stall during a
downtrend. (I can’t really show this chart, but you can check it out on
Stockcharts.com) Friday is the end of the quarter. Can we go higher?
Of course. But my money’s going on a two to three hundred point drop in
the Dow. I think the shorts have covered and it’s about time for the
downtrend to reassert itself. I’m shorting the DIA in the morning. Yes, I
know I may have to pay some yield. http://blogs.minyanville.com/idril-dangerfield/files/2011/06/DIA-6-29-11-300x162.png
All
Dressed Up [ and nowhere to go … but down! ] at The Wall Street
Journal Mark Gongloff ‘The week-long stock rally got turbocharged
today, pushing the Dow easily into the black for the quarter and nearly
bringing the S&P with it. How long it lasts is a different story.The Dow jumped
153 points today and is up 480 points, or 4%, in the past 4 days. This is the
biggest four-day percentage gain since last September. The Dow ended the quarter
0.5% higher and is now 7% higher on the year.
The S&P
and Nasdaq each gained 1% on the day and are up 4% and 4.5%, respectively, for
the 4-day run. Both ended the quarter slightly in the red.
If there was
any downside to this up-fest, it was the financials, which gained just 0.4% on
the day. But they’re the only sector in the S&P 500 still down for the
year. Everything else is up, as are the Russell 2000 and the Dow Transports,
which dipped into the red for a while there.
Bonds,
meanwhile, have gotten crushed during this stretch, pushing the yield on the
10-year note up 35 basis points, from 2.8% to 3.15%. The dollar’s down, too,
with the euro surging to $1.45.
So what does
it all mean? Dave earlier pointed to signs the market may be expecting an economic rebound . So far we have only one Chicago PMI
report to support hopes of a big bounce in growth, but OK.
There’s also
Greece, whose day of reckoning has been postponed for a little while longer.
And finally
there’s quarter-end window dressing, which still seems to make a lot of sense
as a theory, given the utter lack of volume during the stock-buying frenzy
(though the bond-selling frenzy has seen quite a lot of volume).
To me, it
feels more like a combination of all three — we’re pricing out economic
collapse and an imminent Greek default, while also prettying up the numbers at
the end of the quarter.
Fair enough.
From here the sledding gets harder. The economic data aren’t going to be pretty
for a little while, and earnings expectations are too high. And QE2, which
boosted stocks by 25%, has sailed for the last time.’
Minyanville's
T3 Daily Recap: Was This Week's Rally Anything More Than 2nd Quarter
Window-Dressing? [ No! ] at Minyanville
Moody's warns may downgrade U.S. muni debt ratings
Why The Dow Will Plunge To 7,000 24/7 Wall St. June 28, 2011 ‘ One theory of economics says that any
market can return to a point where it has been in the past. The Great Recession
was, by some measures as bad as the Great Depression. Unemployment was 3.6% in
November 1966. It was at 4% in December 1999. There is no precedent for zero
unemployment, but those two periods came close.
Recent movements in the stock market could repeat themselves as
the economy lurches toward another recession. The DJIA fell to just below 6,630
on March 2, 2009. Back in October 2007, 17 months earlier, it briefly traded
above 14,000. What happened? The most frequent answer is the recession that
lasted from December 2007 until June 2009, a period determined by the National
Bureau of Economic Research, caused the collapse. The recession lasted 18
months, which made it the longest of any downturn since World War II.
The DJIA could drop below 7,000 again before the middle of next
year, down from 12,000 where it trades now. The market fell over 50% last 2008
and 2009. A correction to 7,000 this time would be 42%.
The major drivers of a sharp drop in the DJIA would be:
1. RECOVERY IS UNEVEN
Some regions of America are almost economically dead. The first
reason the market is likely to plunge is that the current recovery is a
35-state recovery and not a 50-state one. The US economy is not running on all
its cylinders now. It runs on about two-thirds of them during a good quarter.
There has not been and will not be much of a recovery in Nevada,
Michigan, Florida, California, Rhode Island, Ohio, Illinois, Louisiana, South
Carolina, and sections of Kentucky, Tennessee, Arizona, Idaho and Mississippi.
Some areas of these states lack important growth industries - particularly
technology, farming, oil drilling, or the large employment bases that accompany
federal and state government employee concentrations. Many areas that counted
on construction to bolster their economy can no longer do so. Unemployment will
stay at or above 10% in parts of these states and large cities like Las Vegas,
Detroit, Stockton, and Providence. Most have negative GDP growth. The US
economy cannot grow at a rate of 3% or better, which some economists are
forecasting for the second half of the year, if large regions of the
country are shrinking economically.
2. UNDERWATER MORTGAGES
More than a quarter of US mortgages are underwater. Economists
use several ways to measure the housing market disaster such as foreclosures,
delinquencies, home price drops, housing start and new and existing home sales.
None of these captures the heart of the market the way underwater mortgages
statistics do. A home with an upside down loan can rarely be sold without the
seller taking a huge financial hit. These homes are likely to become a
financial burden to the homeowners who cannot afford their mortgages and see no
hope that their houses will ever regain their value. Housing expert Robert Shiller
says home prices could drop another 10% this year. The ripple effect from a
rise in underwater mortgages will affect everything from bank earnings to
consumer credit to consumer spending. The real estate problem is a drag on the
economy and it is one that will get worse.
3. STOCKS ARE EXPENSIVE
Many market analysts believe that this is nearly a perfect time
to buy stocks. Yields on bonds are low. Gold price are unstable. The S&P
500 EPS will be $100 this year based on many forecasts. Is a twelve multiple on
that inexpensive? Perhaps. But if so, that indicates that the Dow should be
trading about where it is now. S&P 500 earnings, however, will start to
decline soon and in some industries they will disappear entirely. The process
has already begun among consumer products companies, retailers, grocery chains,
and transportation companies like airlines. Even tech firms like Oracle have
signaled that growth has slowed. Jim Cramer mentioned a long list of “cheap”
shares on “Mad Money” in October 2007. Stock looked “inexpensive” in late 2007.
That only lasted until corporate earnings collapsed.
4. INFLATION IS A PROBLEM
No matter what the Federal Reserve says, inflation is in full
bloom. The Bank for International Settlements just warned policymakers and world
leaders that central banks need to raise interest rates. Otherwise, the BIS
stated, the price of commodities will continue to march higher. Chinese
inflation hit a 34-month high in May despite rapid tightening by banks there.
The core of this rise was food prices, which were up 11.7% for the month. The
US cannot claim, at least for long, that it is one world and Asia, Africa, the
Indian subcontinent, and parts of South America are another. The prices of
critical commodities such as wheat, corn, oil, and cotton are well above where
they were two years ago, and with some occasional dips, are still rising.
Americans cannot afford higher and higher food and clothing prices when their
median incomes are not moving up. Inflation is a poison to consumer spending
and to the profit margins of companies that have commodities or
transportation-based businesses.
5. COMPANIES HORDING
Companies are still holding their cash. A McKinsey and Co.
report published in May stated that European and US companies have excess cash
of more than $2 trillion. Firms like Apple and Google have accumulated
multi-billion dollar cash hordes and have elected to hold that money even at
extremely low yields. Other firms like McDonald’s have elected to distribute
cash through share buybacks and high dividends. Most major banks have raised or
reinstated dividends. Cisco has begun to pay a dividend. Companies as diverse
as CVS/Caremark Corp., Family Dollar Stores Inc., and Schlumberger Ltd. have
raised their payouts. Dividends help people who own a lot of shares in the
companies in question. They do nearly nothing for people who hold small
portfolios or who are broke and unemployed. Cash not used to create jobs either
directly through hiring or indirectly through capital expenditure does not help
the economy.
6. EVERYONE'S SHEDDING THEIR WORKFORCE
Companies are no longer adding jobs and governments are laying
off employees. The May unemployment numbers told a story of a stagnant job
market. Recent jobless claim levels have confirmed it. The private sector has
become worried about GDP which has only grown by 2% recently. That is not
enough for many firms to decide to add significant numbers of workers. And,
unemployment rates are now being moved higher by government layoffs, a result
of the “new austerity." The new federal government budget is likely
to make matters worse. The Brookings Institution recently said in its
Government Employment and Economic Recovery that the single biggest threat to
the economic recovery of many cities is layoffs of government workers.
7. CHINA'S SLOWING ECONOMY
China’s economy will slow considerably. The economic dynamics of
China combine high food costs with faltering purchasing and manufacturing.
China’s factory output is no longer growing and it is entering what it would
view as a recession by the standards of the People’s Republic-a growth rate
well below its typical 10% of better. Goldman Sachs recently chopped its
forecast for China GDP. High oil prices contribute according to the investment
bank. Faltering demand for China’s exports is another. American exports to
China rose 32% in 2010 to a record $91.9 billion, and have surged 468% over the
past decade, according to the U.S.- China Business Council. Americans usually
complain about the heavy flow of China exports to the US. But, many American
industrial and service firms need China sales to bolster their bottom lines.
8. GREECE IS TANKING
Greece will go under and take many other small EU nations with
it. Austerity measures by Greece will not save it from default according to
most credit experts. Even if budget and wage cuts buy the nation some
time, the lack of stimulus will ruin a job market which already has a 40%
unemployment rate among its youth. Ireland and Portugal have similar problems.
A series of defaults among the nations may damage the bank and credit system
more than the collapse of Lehman. It will certainly decimate earnings and
balance sheets of many European banks. The EU portion of the global bank system
could go into a state of shock that would cripple the global credit process.
Another by-product of ruined banks is that access to the capital needed to
drive economic growth will disappear. A sharp slowdown of EU consumer spending
will cripple the US export economy, particularly if combined with a slowdown in
China.
Douglas A. McIntyre ‘
Fed’s
‘QE2’ leaves mixed legacy The Fed’s much-debated effort to boost the
economy by buying $600 billion in bonds ends Thursday. (Washington Post) [
Mixed? How ‘bout an undisputable legacy of failure, by the fed’s own words and
stated mission and purpose. And, count on more fake data; ie., today’s near
meaningless in terms of reality ‘fake’ jobs report which they hope will keep
the foos (fools) ball rolling on fraudulent wall street; viz., ‘The standard
unemployment rate most often used by the Fed is currently at 9.1%, up 90% since
Bernanke started. The more inclusive (realistic) U6 number stands at
15.8%, up 75% in the same period. The Civilian Participation Rate has
declined 2.87% to 64.2%.This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed. ‘.
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert
Barone [ How ‘bout both! I mean, come on! This catering to
fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’
market froth was used previously by senile ‘maestro’ greenspan and failed
miserably except for the frauds on wall street who commissioned up and down;
and, make no mistake, those computer-programmed high-frequency trading volumes
have now been maximized for nation-economy-draining profits for the frauds like
never before and have never been higher. The QE and dollar-debasement policies
were always predictably inflationary, ultimately hyperinflationary,
particularly for stocks; that ‘feel good’ obfuscation that was but in reality
good only for the frauds on wall street. No, there is no modern day alchemy
that spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the
best way for the Federal Reserve to support the fundamental value of the dollar
in the medium term is to pursue our dual mandate of maximum employment and
price stability, and we will certainly do that.”
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘
Inflation Expectations Are Heating Up
Geithner
weighs exit after debt deal is finalized Treasury secretary, who’s wanted
to leave for some time, won’t go without Obama’s support. Departure would come
as economy remains troubled. (Washington Post) [ Tiny Tim leaving? God bless us
everyone! Troubled economy? That’s an understatement! Troubled in part owing in
part to Tiny Tim’s incompetence and proclivity toward fraudulent wall street
(hey tiny tim, tell us what happened to that $4 trillion at the new york fed
when you headed same). Though, to be fair, tiny tim’s had plenty of company in
the incompetence department; viz., wobama the b (for b***s***), and, inter
alia, ‘no-recession-helicopter-ben-bs-bernanke’ … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke
stated, “the best way for the Federal Reserve to support the fundamental value
of the dollar in the medium term is to pursue our dual mandate of maximum
employment and price stability, and we will certainly do that.”…Let’s look at
the results of Bernanke’s economic “fine tuning” (using data from the St. Louis
Fed’s database, starting in February, 2006, through April 2011), and see if he
has successfully pursued this mandate…
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
… it is
clear that Bernanke has not been successful at maintaining price stability
since taking over as Fed Chairman. Mandate not accomplished.
Maximum
or Full Employment
Finding a
strict definition of maximum employment is impossible. Many economist
give different estimates, ranging from 2%-7%. The standard unemployment
rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke
started. The more inclusive (realistic) U6 number stands at 15.8%, up 75%
in the same period. The Civilian Participation Rate has declined 2.87% to
64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. Mandate not accomplished…
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding … ’
Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington Post) [Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s issuing
another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
A Mid-Year Review and Full 2012 Outlook Simon
Maierhofer, June
28, 2011,
Time flies.
The 2011 calendar year is already half over, and based on the main stream 2011
outlook, the market's performance surprised many. I forgot just how bullish
Wall Street and the media was when coming into 2011. Look at the headlines
below and you'll see what I mean.
'Get over your
fear and get back into stocks' - USA Today, 12-17-2010
'Bullish on
tech and 2011' - Barrons, 12-20-2010
'Don't see a
double dip for housing' - Morningstar, 12-29-2010
'Economic
rebound forecast for 2011' - Seattle Times, 12-12-2010
'Investor's
forecast: Sunny with a chance of overheating' - WSJ, 1-3-2011
'Why U.S.
stocks may finally be a good buy' - Mootley Fool, 1-3-2011
'Real estate:
Finally a good investment' - SmartMoney, 1-19-2011
'Why the
S&P is still a bargain' - USNews, 2-4-2011
'11 signs the
economy is on the right path' - MarketWatch, 2-10-2011
Judging the
media with 20/20 hindsight is always a blast, but I must admit that I was too
chicken to provide a full 2011 forecast via the ETF Profit Strategy Newsletter.
Vaguely
Accurate
Here's what I
told Investor's Business Daily when they asked me for my 2011 forecast
(published in IBD's December, 22, 2010 paper):
'The Fed is
creating a bubble to contain the damage left behind by the bust of the previous
bubble(s). QE2, as desired by the Fed, has led to indiscriminate buying of
stocks and commodities.
On a historic
basis, stocks are overvalued and set to deliver long-term pain, not gain. Based
on various sentiment gauges (Institutional Investor survey of newsletter
writers and American Association for Individual Investors' survey of retail
investors, the VIX, Chicago Board Options Exchange Market Volatility Index, and
CBOE put/call ratio), investors are as optimistic about rising prices today as
they were in late 2007.
Compared to
2007, unemployment has doubled, GDP has tumbled, Americans' desire to spend has
morphed into a new frugality and Europe has caught a contagious financial
virus. Based on sentiment, the cork may pop at any time, although I wouldn't be
surprised if the Fed's POMO (permanent open-market operations) activity can
keep prices afloat through much of 2011. The upside is risky and active traders
may follow the trend until it's broken.'
I admit that
the outlook was somewhat on the vague side but it steered investors in the
right direction - follow the trend but watch out for a correction and a
possibly significant market top. The chart below provides a glance at the
S&P's performance since January 1, 2011 along with various
support/resistance points outlined by the ETF Profit Strategy Newsletter.
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2027%2011.gif
One Month
at a Time
With the major
index stretched to the breaking point but momentum still strong, my strategy
was to tackle the market one month at a time. Initially it made no sense to
buck the trend, but by mid-February, the market seemed to have reached a
breaking point. On February 18, I warned via the ETF Profit Strategy Newsletter
that: 'A fast and steep sell off from current prices is possible.' However, 'If
stocks don't fall below 1,255 and 1,229 we expect new recovery highs later in
2011.'
February 18
was a Friday. The following Monday was a red-across-the-board kind of a day.
The Nasdaq (Nasdaq: ^IXIC) opened Monday 38 points lower than it closed Friday
and dropped an additional 39 points during the day.
Formerly
high-flying sectors like consumer discretionary (NYSEArca: XLY - News ), industrials (NYSEArca: XLI - News ), materials (NYSEArca: XLB - News ), retail (NYSEArca: XRT - News ) and technology (NYSEArca: XLK - News ) followed suit. The S&P
(SNP: ^GSPC) dropped 23 points and the Dow (DJI: ^DJI) 177 points.
About two
weeks later, the Japan Earthquake news rocked the world and saw another wave of
selling. But, the S&P never closed below the 1,255 support and triggered a
low-risk buy signal the week of March 14 (March 20, ETF Profit Strategy
Update).
The up side
target was outlined in the April 3 update of the newsletter: 'There is a fairly
strong Fibonacci projection resistance at 1,369. In terms of resistance levels,
the 1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a
reversal of potentially historic proportions.'
Bearish
Case, Not Closed Yet
The S&P
climbed as high as 1,370 and has since dropped as much as 110 points. But once
again, support surrounding the 1,255 level has not been breached.
In essence,
the S&P is currently stuck in a technical vacuum. The trading range is
1,250 - 1,300. There are plenty of folks who still believe the 'bull market' is
not yet over while the investing crowd has turned notably bearish (generally a
bullish signal). From a technical point of view, new highs are still possible.
The Presidential
Election Cycle, which sports gang buster pre-elections year performance,
supports the idea of new highs later on in 2011. Naturally, the incumbent
President will do whatever he can to court Americans for their vote.
Financial
Trickery
Shenanigans designed
to 'bribe' investors include maneuvers like releasing a portion of the U.S.
Strategic Petroleum Reserve. According to the New York Times, tapping into the
oil reserve for frivolous reasons is a bad idea because the oil (NYSEArca: USO - News ) will eventually have to be
replaced, usually at higher prices. But right now, the priority is to make
voters happy. Low gas prices will do just that.
Other financial
tricks include changing how the Consumer Price Index (CPI) is calculated.
Lawmakers are proposing to change the CPI methodology to include changed
spending patterns caused by price increase. For example, consumers tend to
drive less when gas prices increase.
This would
artificially lower the CPI and lower federal spending by around $220 billion
over the next decade. Passing such a proposal would surely be touted as a
victory in the battle against the debt ceiling while social security recipients
see their monthly checks shrink (social security payments are linked to the
CPI).
Another trick
is 'QE2-light'. Yes, even though QE2 is officially over, the Federal Reserve
will continue to reinvest maturing securities and buy Treasuries (NYSEArca: TLT - News ) from banks (NYSEArca: KBE - News ) at the rate of about $25
billion a month over the next year.
2011
Outlook
Quite frankly,
formulating a high confidence 2011 outlook right now is tricky (isn't it
always). But here is what we do know:
A major market
top is forming. The S&P reached the bottom end of our target range (1,369)
and was clearly rejected. We also know that crucial support at 1,255 has held.
Even though the market behaved like a significant top had been reached, it
failed to confirm it thus far.
The key
question is whether the upper end of our target range will be tested or not. At
this point it is too early to see, but that doesn't mean we are 'flying blind.'
The S&P
(and any other major index) won't rally to new highs unless they break key
resistance. Our strategy as of late has been to sell against resistance and buy
against support. This has worked like a charm. Once resistance is broken, we'll
buy against resistance and sell against support. This will keep investors on
the right side of the trade regardless of what the market has in store for us…’
Why your local Hospital could soon shut down
(StansberryNewsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
Top 3 Reasons Markets Were Up For the Fifth Consecutive Day [ I don’t believe any of the data / reports which experience /
reality says, owing to desperation including pre-election year, is invariably
fudged, faked, fraudulent. ] July 1,
2011 ‘With five straight
days of gains, the markets close their best week in two years as we head into
the 3-day weekend.
Markets closed
up on Wall Street today: Dow +1.36% , S&P +1.44% , Nasdaq +1.53% , Oil
-0.76%, Gold -1.10% .
On the
commodities front, Oil (NYSE:USO) made a reversal, down 0.76%, settling
at $94.72 a barrel. Precious metals continued to decline for their second day,
with Gold (NYSE:GLD) dropping to $1,486, while Silver (NYSE:SLV) dropped 2.78%
to $33.87.
Today’s
markets were up for the fifth day in a row because:
1) Greece to
receive new bailout package. Markets have been up all week, first in
anticipation that Greece would approve austerity measures, then because they
had been approved and the country would likely receive the final 12 billion
euros in their aid package, and now because they might be receiving another 85
billion euros in a second aid package , funded by European nations, private
investors, and the IMF. And the good news keeps coming…
2) ISM
manufacturing index. The index showed that the manufacturing industry grew
significantly in June after economists had expected it to decline. This marked
the 23rd month in a row that the index showed growth, up 1.8 points from May to
55.3 in June.
3) Consumer
discretionary spending on the rise. The consumer discretionary sector is only
10 points below its bull market high from May 12, up 8.3% since June 16. Today
consumer discretionary stocks led the markets, though it may not be a sign of
consumer strength but “ credit-fueled shopping binges “…’
June
U.S. ETFs Trading Volume Ranking [Where the money’s going … into their
pockets and out of yours … in real economic terms, the now computerized
commissioned churn and earn is a substantial net negative and part of the
reason, along with the substantial frauds, economic decline will continue in a
very big way! ] at Bloomberg (Fri, Jul 1) The average daily volume for the past 20 trading days
of U.S. listed exchange-traded funds (ETFs) decreased 0.1 percent to 1280.2
million shares, from 1281.2 million shares a month earlier. The following table
ranks 1285 U.S. listed ETFs by their 20-day average trading volume…
June
U.S. ETFs Performance Ranking by Styles at Bloomberg (Fri, Jul 1)
June
U.S. ETFs Trading Volume by Styles at Bloomberg (Fri, Jul 1)
15
Worst Housing Markets for Next 5 Years - Business Insider
Provided by The
Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005, we're sorry: over the
following six years it depreciated in value by more than 54.3%.
And the
rebound -- if there is a rebound -- won't come soon…’
Summer
Rally Arrives On Schedule With A Big But at Forbes Sy Harding
‘It’s remarkable how consistently the market moves in seasonal patterns.
For example,
it tends to make most of its gains in the winter months and experience most of
its corrections in the summer months, as expressed in the old adage ‘Sell in
May and Go Away’.
And just as it
did last year, this year the market made good gains in the winter months, then
topped out in late April, and was in a correction in May and most of June.
The
shorter-term seasonal pattern is that the market is usually positive in the days
surrounding the end of months, in what I have always called the ‘monthly
strength period’, and particularly in the days approaching and surrounding the
July 4 holiday. July also tends to be the most positive month in the market’s
unfavorable summer season. Thus the tradition of a summer rally.
After being
down eight of the previous nine weeks the market was short-term oversold going
into this week. My technical indicators triggered a short-term buy signal and
I’ve been predicting a brief short-term rally off the oversold condition, but
also that the tendency for the market to be positive in the days surrounding
the July 4th holiday, was likely to keep an oversold rally going
into a sustained rally for awhile.
It’s uncanny
how events usually work out with a timeliness that supports the seasonal
patterns. The seemingly endless stream of dismal economic reports continued
this week, but a couple of bright spots also showed up.
There was
relief that the Greek Parliament passed the painful austerity measures required
for Greece to receive additional bailout funds to prevent it from defaulting on
its debt (or at least postpone its potential default). The rally got an
additional boost from that.
And although
economic reports included that construction spending fell again in May, that
Consumer Confidence fell again in June (to a 7-month low), that weekly
unemployment claims remained high at 428,000 last week, there was also the
report that manufacturing activity, which has been declining for several
months, unexpectedly picked up some in June, with the ISM Mfg Index rising to
55.3 from 53.5 in May. That gave the market another big boost on Friday.
The ‘monthly
strength period’ is due to continue through Thursday of next week.
But it’s not
just seasonality that says the rally is probably only a short-term summer
rally, with the correction likely to resume to lower lows when the rally ends.
Technically,
volume in the rally is very light, less than 0.8 billion shares traded daily on
the NYSE, compared to as many as 1.6 billion on the down-days during the
correction. That indicates that large institutional investors selling during
the correction, are not believers in the sustainability of the rally and are
not participating.
Also
technically, the unusual spike-up of the last five days has the major indexes
already short-term overbought above their 21-day moving averages, the opposite
of their short-term oversold condition two weeks ago.
On the
economic fundamentals, another bailout of Greece, and a one-month bump in the
ISM Mfg Index are hardly an indication that the economic slowdown has ended,
given the continuing dismal reports on consumer spending, consumer and business
confidence, the depressed housing industry, and the jobs picture.
So enjoy the
rally. It arrived on schedule.
But be careful
about determining too quickly that it marks an important bottom or the end of
the global economic problems.’
Precious
Metals: Long-Term Trend Positive, but Correction Not Over at
Minyanville
See
It, Market: Gold and Silver Under Pressure at Minyanville
Third
Quarter Outlook: Life After QE ETF Trends ‘…markets have been propped up by artificial
support from the Fed …’
Will Your Pension Be
Worthless? Mac Slavo | We know the Federal and State
governments are in serious fiscal trouble.
US Fed’s QE2
stimulus ends with a fizzle AFP | Federal Reserve wound up
its $600-billion “QE2″ program to boost the ailing economy.
Record
44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through
Foodstamps Zero Hedge | April participation in
Supplemental Nutrition Assistance Program (SNAP), better known as “foodstamps”,
shows yet another record, this time 44.647 million people.
Debt
Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History
CNS News | Timothy Geithner oversaw the largest increase in
the national debt of any Treasury secretary in American history.
MORE
CONFIRMATION: The World Economy Is Rolling Over Business Insider |
The latest batch of PMI data is confirming that the world economy is still
rolling over.
While
Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just
Arrested Executives Of Failed Kabul Bank Tyler Durden |
Sometimes it is good to put things in perspective when comparing developed
democracies like America and barbaric despotic dictatorships like Afghanistan.
Foreclosure
backlogs swell nationwide States are wrestling with backlogs, exacerbated
by homeowners who continue to fall behind on payments. Foreclosure
properties become eyesores Foreclosures
pit suburbia against Wall Street (Washington Post) [ It aint just the foreclosures that pits
people against wall street and it aint just suburbia. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. The catering to fraudulent wall street was a loser ab
initio! That so-called ‘wealth effect’ market froth was used previously by
senile ‘maestro’ greenspan and now ‘no-recession-helicopter-ben-bs-bernanke’
has failed miserably except for the frauds on wall street who
commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Jobless
claims at 428,000 much worse than expected; and, don’t forget, these are
desperate ‘pre-election times’ when regardless of reality, factual and
otherwise (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago
ISM is up as even their youth gangs are showing increased criminal activity
which probably accounts for the rise; ie., meth, crack labs, etc.?). Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This
is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! Talk about milking the
greek crisis for the umpteenth time a so-called solution (and there are loads
of greecy scenarios worldwide … I don’t
think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys
time. Actually fixing the fiscal condition of Greece is not something that can
be solved in a matter of weeks, or even months… ‘ but
it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and
the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes!
Jobless claims at 428,000 much worse than expected; and, don’t forget, these
are desperate ‘pre-election times’ when regardless of reality, factual and
otherwise (ie., fake reports, data, as, ie., wobama hometown corrupt chicago
ISM is up as even their youth gangs are showing increased criminal activity
which probably accounts for the rise, meth, crack labs, etc.?). Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived manipulated bounce as
all problems remain. This is the same month end
(and quarter, half) spurt / window dressing based on b***s*** alone to keep the
suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! ] This
week the S&P 500 surged 2.6% from a week ago, to close at 1,320. The
equities index has nearly reversed its one-month drop, after closing at
1,331.10 on May 27.
At first
glance, an auspicious close to both QE2 and the second quarter. Investors
cheered news that Greece would avoid a near-term default on its debt. Still
take a close look at the historical tight correlation between the S&P 500
and the four-week rolling average for initial jobless claims, and the equity
recovery could be a temporary blip.
http://blogs-images.forbes.com/maureenfarrell/files/2011/06/6-30MFjobless.png
This chart
plots the S&P 500 index against an inverse of the 4-week average of initial
jobless claims. If you can excuse the tiny font, the chart illustrates a tight
and curious correlation between these metrics since December 2006...’
FBI
catches manipulators of stocks Case highlights the risks of penny stocks,
which are easily manipulated because they trade so thinly and for extremely low
prices -- sometimes fractions of a cent. (Washington Post) [ This is welcome
news no matter what. The low end’s always been a favorite (though not excluding
the higher end) of the mob who’ve been known to work closely with fraudulent
wall street, cia (then there’s also the money laundering) ( http://albertpeia.com/FBIAgentAffidavit11.jpg ) .
Yet, reality requires that the FBI, SEC, DOJ, etc., update their
computer savvy / proficiency sufficient to fully understand and appreciate the
magnitude and scope of the current wall street frauds / scams in terms of
damages, efficiency, and cover-up so detrimental the health of this and other
nations; economic, financial, and otherwise.
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Jobless
claims at 428,000 much worse than expected; and, don’t forget, these are
desperate ‘pre-election times’ when regardless of factual reality (ie., fake
reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even
their youth gangs are showing increased criminal activity which probably
accounts for the rise; ie., meth, crack labs, etc.?) fudged / faked data /
reports are used / spun. Foreclosure, distressed sales up, at least on
paper with contracts signed, so no surprise nor reason to cheer here, as
markets worldwide jump on the american crazy train for a short-lived bounce as
all problems remain. This is the same month end
(and quarter, half) spurt / window dressing based on b***s*** alone to keep the
suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and neither
does Schaeffer who says:
‘…even once such a package is passed it only buys time. Actually fixing the
fiscal condition of Greece is not something that can be solved in a matter of
weeks, or even months… ‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (WP) [ No surprise here given the
prior and continuing defacto complicity in wall street’s enormous frauds. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) … I want just one person with courage enough to stand
up and explain to all that these huge commissionable computerized trading
volumes like never before are a net negative in a very big way … that’s a fact
… that’s economic reality in real terms!
… Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary,
particularly for stocks; that ‘feel good’ obfuscation that was but in reality
good only for the frauds on wall street. No, there is no modern day alchemy
that spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. ] Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama
aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of
this nation, and add in the rest of the world to boot. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER
IN THE WHITE HOUSE'...
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
National / World
An Actionable Plan for 9/11 Truth and Justice Senator
Mike Gravel | Awareness of the need for a new investigation of 9/11 is
guaranteed regardless of whether any initiative is enacted into law or not.
TSA Repeats Same Lies About Safety Of Body Scanners Steve
Watson | The TSA has simply repeated the same lies that are manifestly
disproved by newly released internal government documents.
Russian Envoy: NATO Preparing Libyan Ground Invasion Kurt
Nimmo | “I think that now we are witnessing the preparation stage of a
ground operation,” said the Russian NATO envoy.
British Government Devised Propaganda Campaign To
Downplay Fukushima Paul Joseph Watson | Emails
reveal “scandalous collusion” with nuclear industry, talking points were also
parroted by global warming alarmists.
Founders Without Whom America Would Not Exist Chuck
Baldwin | I think it would be good to remind ourselves of who those
men were that counted the cost and paid the price to bring this land of liberty
into existence.
Unemployment:
No Extended Benefits For People Laid Off From Now On Arthur Delaney
| Will not be eligible for any of generous extended unemployment benefits
layoff victims have received from government since 2008.
White House to pay $37 million in salaries for 2011
Ron Paul outraises Jon Huntsman, Tim Pawlenty with $4.5+
million The State Column | Republican presidential
candidate Ron Paul announced Friday that his campaign has raised $4.5 million
during the second quarter of 2011.
India Offers Free Cars In Return For Sterilization BBC
News | Health officials in the Indian state of Rajasthan are launching
a new campaign to try reduce the high population growth in the area.
TSA Repeats Same Lies About Safety Of Body Scanners Steve
Watson | The TSA has simply repeated the same lies that are manifestly
disproved by newly released internal government documents.
Radioactive Waste Dumped in Open Pits Outside Los Alamos
National Lab Washington’s Blog | To understand why
a raging wildfire near the Los Alamos National Laboratory is a big deal, you
must understand how wastes were disposed.
AFRICOM: AF, Navy still flying Libya missions Air
Force Times | Air Force and Navy aircraft are still flying hundreds of
strike missions over Libya despite the Obama administration’s claim that
American forces are playing only a limited support role in the NATO operation.
Russian Envoy: NATO Preparing Libyan Ground Invasion Kurt
Nimmo | Dmitry Rogozin told RIA Novosti on Friday that NATO is
probably preparing a ground invasion to overthrow the Gaddafi regime in Libya.
Rogozin is Russia’s NATO envoy.
British Government Devised Propaganda Campaign To
Downplay Fukushima Paul Joseph Watson | Emails
reveal “scandalous collusion” with nuclear industry, talking points were also
parroted by global warming alarmists.
13 die as van hits roadside bomb in Afghanistan
Minnesota government
shuts down Politico | Minnesota’s government shut down at
midnight local time Friday after six months of negotiations.
10 Reasons Why Lindsay Lohan Is Right About The Federal
Reserve And The Price Of Food The American Dream | Does Lindsay Lohan
understand monetary policy better than Ben Bernanke does? The other day, her
Twitter account sent out the following message: “Have you guys seen food and
gas prices lately? U.S. $ will soon be worthless if the Fed keeps printing
money!” Well, it turns out that it was
a “sponsored tweet” that Lohan was paid to send out, but in a subsequent tweet
Lohan explained that “i actually do care about gas and food prices, so whether
it’s an #ad or no, it’s important for people to be aware of it.” Okay, so we probably will not see Lohan at
any “End the Fed” rallies, but it turns out that in her own bizarre way she has
brought a little bit of attention to some very important issues. Food and gas prices are skyrocketing, and a
lot of the blame for that can be placed on the shoulders of the Federal Reserve.
So does Lindsay Lohan really understand what is going on in the world of
economics? Of course not.
But if we can get celebrities talking about the Federal Reserve and
rising prices that is a good thing. Why?
Well, because Americans listen to celebrities. When a top celebrity says something controversial it gets a lot
of attention. The more attention that
we can draw to the problems the Federal Reserve is creating the better.
The reality is that the Federal Reserve has been at the heart of our
economic problems for decades but most Americans don’t understand the Fed or
how it works. The more Americans that
get educated about the Federal Reserve the better.
The following are ten reasons why all Americans should be concerned
about the Federal Reserve and rising food prices….
#1 What we are witnessing right now is part of a long-term inflationary
trend. Since the Federal Reserve was
created in 1913, the U.S. dollar has lost over 95 percent of its value. An item that cost $20.00 in 1970 would cost
you $116.48today. An item that cost $20.00
in 1913 would cost you $456.49 today.
#2 Over the past couple of years, the Federal Reserve has used a process
called “quantitative easing” to pump hundreds of billions of new dollars into
the financial system. This has helped
push the cost of food, gas and just about everything else up. Even though “QE2″ has now come to an
end, the Federal Reserve has announced that they are going to continue to
“reinvest” hundreds of billions of dollars into the financial system.
#3 The Federal Reserve is not the only central bank that has been doing
this sort of thing. Sadly, central
banks all over the world have been recklessly printing money over the past
several years. This is creating
inflation all over the planet.
#4 Prices are going up but wages are not. One recent survey found that 9 out of 10 U.S. workers do not
expect their wages to keep up with soaring food prices and soaring gas prices
over the next 12 months.
#5 We have already seen a tremendous amount of food inflation in the
United States during the last 12 months.
According to a recent CNBC article, over the past year many of the most
popular foods in America have absolutely skyrocketed in price….
Coffee, for instance, is up
40 percent. Celery is 28 percent higher while butter prices rose 26.4 percent.
Rounding out the top five are bacon, at 23.5 percent, and cabbage, at 23.3
percent.
#6 In many areas of the world food inflation is far worse than it is in
America. Over the past year, the global
price of food has risen by 37 percent and this has pushed approximately 44 million
more people around the world into poverty.
#7 When the Federal Reserve and other central banks create new money, it
usually goes to big banks and major financial institutions first. So what have the big banks and the major
financial institutions been doing with this new money? Well, they have been sinking a lot of it
into hard assets such as oil, precious metals and agricultural
commodities. Over the past 12 months,
almost every single agricultural commodity has risen substantially in
price. For example, the global price of
wheat has approximately doubled over the past year. But it is not just wheat that has been skyrocketing. Check out what a recent Bloomberg article had
to say about what has been happening to many key agricultural commodities over
the past year….
Corn futures advanced 77
percent in the past 12 months in Chicago trading, a global benchmark, rice
gained 39 percent and sugar jumped 64 percent.
#8 Many areas of the world are experiencing severe drought right now,
and this is also harming food prices.
For example, the Horn of Africa is experiencing the worst drought that
it has seen in 60 years.
#9 The United States is also having crop problems as well. All of the flooding, wildfires and tornadoes
that we have seen this year have certainly not helped things. There is even a major “east coast stink bug
epidemic” which is causing chaos for large numbers of farmers. In general, U.S. agricultural production has
not been blessed this year. It just
seems like there is crisis after crisis.
#10 A lot of agricultural production that would go for food is now going
for other purposes. For example, almost
a third of all corn grown in the United States is now used for fuel. This is putting a lot of stress on the price
of corn.
So how concerned about food prices should we be?
Well, renowned investor Jim Rogers recently put it this way….
“We’ve got to do something or
we’re going to have no food at any price at times in the next few years.”
That doesn’t sound good.But it is not just the price of food that is
going up. The price of gas has also gotten crazy.Right now, the average price
of a gallon of gasoline in the United States is approximately $3.54 .One year
ago, it was $2.76. Thankfully, the price of gas has actually come down a bit
recently. Earlier this year it hit
$3.99.
Sadly, back in the 90s you could go to just about any gas station and
fill up for about a dollar a gallon.
Over the past couple of years we have gotten comfortable with outrageous
gas prices, but the reality is that what we are seeing now is part of a very
disturbing long-term trend….
Health care costs are also spinning out of control. In a recent article abouthealth care
statistics, I noted some of the stats that show that the price of health care
in the U.S. has been absolutely soaring.
The following are a couple of those statistics….
*According to the Bureau of Economic Analysis, health care costs
accounted for just 9.5% of all personal consumption back in 1980. Today they account for approximately 16.3%.
*The United States spent 2.47 trillion dollars on health care in
2009. It is being projected that the
U.S. will spend 4.5 trillion dollars on health care in 2019.
Education has also gotten insanely expensive as well. In a recent
article I wrote entitled “Is College Worth It?“, I noted that since 1978 the
cost of college tuition in the United States has gone up by over 900 percent.
Today, Average yearly tuition at U.S. private universities is up to
$27,293. That number has soared by 29%
in just the past five years.
Unfortunately, it appears that things are going to get even worse. Thanks to dramatic budget cuts by many state
governments, it is being projected that college tuition costs are going to rise
even faster this year.All of these rising prices are really squeezing the
budgets of families all across America.
Things are getting really tough out there.So if food prices keep going
up this rapidly, what are we all going to eat?Well, one scientist claims that
he has been able to create an “edible steak” out of human feces.How gross is
that?
But don’t laugh – if the price of food keeps going up this rapidly many
Americans might have to literally eat garbage someday.
The U.S. economy is in the middle of a long-term economic decline and
thousands more Americans fall out of the middle class every single day.
Until the past couple of years, the vast majority of Americans believed
that things would always be wonderful in America.
Now that has completely changed.
According to a new poll by CBS News and The New York Times, 39 percent
of Americans believe that the U.S. economy has now entered a “permanent
decline”.
As prices continue to rise, the number of American families that will
not be able to put food on the table is going to continue to go up. Already there are 44 million Americans on
food stamps. People are going to get
desperate. Society is going to continue
to crumble.
So yes, there are lots of reasons why Lindsay Lohan and everyone else in
America should be very concerned about the Federal Reserve and the price of
food.
Once our economic prosperity is gone it is going to be incredibly
difficult to get back.’
Gerald
Celente: ‘IMF – International Mafia Federation’ RT |
Gerard Celente, the director of the Trends Research Institute, shares his
thoughts.
TOP 11 TRENDS OF 2011 THE MID-JANUARY ISSUE OF THE TRENDS JOURNAL
WILL FEATURE OUR “TOP TRENDS 2011” — The Trends Research Institute’s compendium
of the dominant trends for the year ahead. The following synopses of these
trends provide insights into some of what to expect. After the tumultuous years
of the Great Recession, a battered people may wish that 2011 will bring a
return to kinder, gentler times. But that is not what we are predicting.
Instead, the fruits of government and institutional action – and inaction – on
many fronts will ripen in unplanned-for fashions. Trends we have previously
identified, and that have been brewing for some time, will reach maturity in
2011, impacting just about everyone in the world.
Wake-Up
Call In 2011, the people of all nations will fully recognize how grave
economic conditions have become, how ineffectual and self-serving the
so-called solutions have been, and how dire the consequences will be.
Having become convinced of the inability of leaders and know-it-all
“arbiters of everything” to fulfill their promises, the people will do
more than just question authority, they will defy authority. The seeds of
revolution will be sown…. Crack-Up
2011 Among our Top Trends for last year was the “Crash of 2010.” … equity
markets were no longer a legitimate indicator of recovery or the real
state of the economy. Yet the reliable indicators (employment numbers, the
real estate market, currency pressures, sovereign debt problems) all
bordered between crisis and disaster. In 2011, with the arsenal of schemes
to prop them up depleted, we predict “Crack- Up 2011”: teetering economies
will collapse, currency wars will ensue, trade barriers will be erected,
economic unions will splinter, and the onset of the “Greatest Depression”
will be recognized by everyone…. Screw the
People As times get even tougher and people get even poorer, the
“authorities” will intensify their efforts to extract the funds needed to
meet fiscal obligations. While there will be variations on the theme, the
governments’ song will be the same: cut what you give, raise what you
take. Crime
Waves No job + no money + compounding debt = high stress, strained
relations, short fuses. In 2011, with the fuse lit, it will be prime time
for Crime Time. As Gerald Celente says, “When people lose everything and
they have nothing left to lose, they lose it.” Hardship-driven crimes will
be committed across the socioeconomic spectrum by legions of the
on-the-edge desperate who will do whatever they must to keep a roof over
their heads and put food on the table…. Crackdown
on Liberty As crime rates rise, so will the voices demanding a crackdown.
A national crusade to “Get Tough on Crime” will be waged against the
citizenry. And just as in the “War on Terror,” where “suspected
terrorists” are killed before proven guilty or jailed without trial, in
the “War on Crime” everyone is a suspect until proven innocent…. Alternative
Energy In laboratories and workshops unnoticed by mainstream analysts,
scientific visionaries and entrepreneurs are forging a new physics
incorporating principles once thought impossible, working to create
devices that liberate more energy than they consume. What are they, and
how long will it be before they can be brought to market? Shrewd investors
will ignore the “can’t be done” skepticism, and examine the newly emerging
energy trend opportunities that will come of age in 2011…. Journalism
2.0 Though the trend has been in the making since the dawn of the Internet
Revolution, 2011 will mark the year that new methods of news and
information distribution will render the 20th century model obsolete. With
its unparalleled reach across borders and language barriers, “Journalism
2.0” has the potential to influence and educate citizens in a way that
governments and corporate media moguls would never permit. Of the hundreds
of trends we have forecast over three decades, few have the possibility of
such far-reaching effects…. Cyberwars
Just a decade ago, when the digital age was blooming and hackers were
looked upon as annoying geeks, we forecast that the intrinsic fragility of
the Internet and the vulnerability of the data it carried made it ripe for
cyber-crime and cyber- warfare to flourish. In 2010, every major
government acknowledged that Cyberwar was a clear and present danger and,
in fact, had already begun. The demonstrable effects of Cyberwar and its
companion, Cybercrime, are already significant – and will come of age in
2011. Equally disruptive will be the harsh measures taken by global
governments to control free access to the web, identify its users, and
literally shut down computers that it considers a threat to national
security…. Youth of
the World Unite University degrees in hand yet out of work, in debt and
with no prospects on the horizon, feeling betrayed and angry, forced to
live back at home, young adults and 20-somethings are mad as hell, and
they’re not going to take it anymore. Filled with vigor, rife with
passion, but not mature enough to control their impulses, the
confrontations they engage in will often escalate disproportionately.
Government efforts to exert control and return the youth to quiet
complacency will be ham-fisted and ineffectual. The Revolution will be
televised … blogged, YouTubed, Twittered and……..’
U.S.:
Iran behind rising troop deaths
Officials accuse Iranian special forces unit of supporting Iraqi militia
groups suspected in attacks. Pentagon
costs rising fast, CBO warns (Washington Post) [ ‘Costs rising fast’ Well, that’s always been
the point; viz., keep those budgets bulging, for theirs and the military
industrial complex’ sake. Oh, riiiiight! Iran’s the one … Iran’s the boogey man
… forget that the invasion of Iraq and consequent war crimes were based upon
lies known to be false! No … reality and rationality says that pervasively
corrupt, defacto bankrupt america is ultimately behind and responsible for all
troop deaths in their misguided, nation-destroying, nation-bankrupting,
people-killing illegal wars. How much will our wars cost? Report says $4 trillion U.S.
cost of war at least $3.7 trillion and counting The final bill will run at
least $3.7 trillion and could reach as high as $4.4 trillion, according to the
research project “Costs of War” by Brown University’s Watson Institute for
International Studies. Pragmatism
may define Gates’s legacy Defense secretary may not be remembered for any
grand ideas but for his stewardship of two wars. (Washington Post) [ What?
What’s this? What parallel universe is this that talks of gates’ pragmatism.
Legacy? What legacy? More contrived, needless war? More defacto bankruptcy and
depletion of treasury for this and other nations? For those who think there’s strategic thinking behind these
global blunders I say ‘wake up’ … look around you … smell the dead roses! Not that panetta is any better having turned
this nation into but a pińata much like the failed predispositions which have
brought down his home state (pelosi’s, feinstein’s anyone?). Unless measured in
terms of increased heroin trade in Afghanistan, an increased cia / Hegelian
approach to global matters leading ineluctably to new self-created needs for
actions to dispel the ever increasing new problems resulting from their
misguided acts, his tenure must be considered as much a failure as the failed
presidents he’s served so dutifully; and, expect worse from pińata-man panetta.
Like a psychotic serial arsonist employed in a fire department, creating the
very devastating fires they’re called upon to put out, these appointees are
lose – lose scenarios for everyone. Official:
U.S. drone strikes at Somali militants The airstrike makes Somalia at least
the sixth country where the U.S. is reportedly using drone aircraft to conduct
lethal attacks. The latest target: senior members of a militant group linked to
al-Qaeda. (Washington Post) [ It isn’t often I get a chance to commend military
action these days; but, I really hate somalians … Well done! … I’ll not forget
the way they paraded those 18 dead rangers on a peace mission around … If up to
me, I’d have made 18 square miles of Mogadisho one big cemetery / parking lot
(I’m not kidding!). Deaths of four Americans reflect increasing
violence of Somali piracy U.S. Warship Tracking Yacht
Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . I do know that these
somali pirates need killin’ and I further believe that open season on them
including using their boats in the water for target practice makes sense and certainly
is morally justified. I’m tired of hearing about those little weasels … you
know, ‘the skinnies’. ] VIDEO:
EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their
nation-bankrupting, self-defeating, wasteful, adventuring, warring for no good
reason in Afghanistan, etc., I have been at a loss to understand why they are
not blasting the skinnies out of the water, along with bombing the
skinny-places of refuge!
House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) … I want just one person with
courage enough to stand up and explain to all that these huge commissionable
computerized trading volumes like never before are a net negative in a very big
way … that’s a fact … that’s economic reality in real terms! … Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
U.S.
looking into 2 detainee deaths A federal prosecutor deepens inquiry into
agency’s harsh interrogation practices during the Bush administration, U.S.
officials say. (Washington Post) [ Oh, riiiiight! That’ll happen … come on!
Fishing for headlines at best, and a futile, self-deluding attempt to make them
feel better about themselves. Everyone knows that bush et als are war criminals
and should be in jail. Moreover, wobama et als have taken over where dumbya
bush et als left off despite campaign promises to the contrary. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Kick
the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they
all need a kick in the can … you know, that ‘washington establishment’ that
have failed all so miserably. Well, I know that’s not what he really meant.
But, ‘do no harm’? Methinks it’s too little, too late no matter what they do to
avoid that! Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th – so it’s important that
you take action now to prepare yourself. StealthStocksOnline.com
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though
preoccupied at the time (1992) with other things (RICO and consequent
substantial pressure from various nefarious elements, mob, mob-connected /
controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’
by mainstream media critics who for the most’ ho-hummed’ the film as more of
the same conspiracy stuff the factual basis for which I was already familiar
with; and hence, disinclined to make any significant effort to view same. Boy,
were they and derivatively I wrong! I am totally astounded by the insightful
documentation in this film, so masterfully presented in cinematic form. If at
all, Stone seemed shy about presenting even reasonable inferences from facts so
strictly set forth. By leading with actual speech footage from who I believe to
have been america’s last great president / leader, the substantially underrated
President General Eisenhower who warned of the dangers inherent to the military
/ industrial complex, Stone set the tone for what I believe to have been the
most courageous and significant warning of the current national and global
crises confronting the nation and world today and the reasons therefore (his
negative exposés of wall street, inherent american criminality, W, etc.,
complement and support his theme while revealing his wide range, wisdom, and
talent). (I must say that I liked Ronald Reagan, as I’ve previously said I like
Robert Redford, as being very likeable guys - I’m also conservative, but not to
a fault – his rational approach and results with Gorbachev were his most
significant accomplishments. Parenthetically and coincidentally, I also saw for
the first time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked
that it was better than I could have possibly imagined and hardly the stuff
warranting the mocking he got for same on the political trail … do you think it
was just a foreboding of the nation’s current predicament with ‘wobama the b’
(for b***s***); and yes, I do have that ‘birther wobama family portrait’ on my
website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
Biological
Anthropologist: Match.com Akin to "Ancestral Mating Dance" at
Minyanville
Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA: USA 'ALREADY
DEFAULTING'... DOLLAR TO 'LOSE RESERVE
STATUS'
Economy Expected to Have Major Slide in Months Ahead... UPDATE: Minnesota Government
Shuts Down... Washington state closes
tourism office... Florida state workers get
pink slips, more cuts ahead...
FEDS STRIKE DOWN STATE'S BAN
ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal Looks to Secede from
California...
REPORT: U.S. Air Force, Navy
still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) NEW IMF CHIEF FROM
CHICAGOLAND... MARK HALPERIN CALLS OBAMA 'A
DICK' ON LIVE TV... POLL: Obama 42%, any Republican 46%... Campaign signals fundraising
fail... Jewish Dems Losing Faith... John Kerry: 'I
Would Have Been a Good President, Maybe Even a Great One'... GETTING NERVOUS
NEWT: Obama 'most successful
food stamp president in American history'...
Bachmann: Media wants 'to see
two girls come together and have a mud wrestling fight'…[Well, I don’t know
about the mud wrestling, but voyeurs all, ‘come together’ sounds about right …
playing ‘victim’ does not become a presidential candidate. ] ...
Palin: Hollywood stars as
'full of hate'...
["What would make someone be so full of hate?" palin asks … answer:
resistance to someone as dumb and full of war-mongering hate as she is! ]
REPORT: NATO forces ARE trying to assassinate
Qaddafi...
Los Alamos under
siege from wildfire... 'Throwing
absolutely everything at this that we got'...
BLAGO LIKELY HEADED TO
PRISON... 'What happened?' But he gets to keep his
hair... Fitz finally wins one!
GUILTY IN CHICAGOLAND... 17 of 20 counts... Tried To Sell Obama's senate
seat... Jury DEADLOCKED on Rahm
shakedown... Blago to lawyer: 'What
happened?' 'Stunned'...
JOBLESS WEAK: 429,000... ...disappointed Economic trouble puzzles Fed
chief...
FARRAKHAN: 'THAT'S A MURDERER
IN THE WHITE HOUSE'... THE NEW 'NORMAL' GALLUP PLUNGE... Approval -4, disapproval +5
-- in one day!
DOWN TO THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE... DEM FIX: MORE SPENDING! Bernanke speaks, stocks
sink... FORBES: 'Admits he's
clueless'...
CBO: Long-Term Debt Picture
Worsens... Would reach 101% of GDP by
2021... STUDY: State, local gov'ts must raise taxes $1,400 a year for 30 years to fund pensions...
Millionaires shrug off
downturn; Wealthy richer than before crisis...
Zuckerman: 'We now have more
idle men, women than at any time since Great Depression'...
SHOCK POLL: ONLY 3 in 10 WILL
VOTE FOR OBAMA... 66% say US headed in 'wrong
direction'...
Greece Agrees on New Austerity Plan With EU, IMF... ANGER IN ATHENS... 'BLACK HOLE'...
WH TRANSCRIPT: 'Over the last
15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...
REPORT: GANNETT to slash more
jobs across the country… [ No surprise here for this pathetic shill, rag
publisher. The only real newspaper consistent with a tradition of courage,
excellence, and respect for the first amendment is The Washington Post …] ...
DEBT TALKS BREAKDOWN; TAX
BUST
S&P: Risk of U.S. credit
rating downgrade increased...
Chicago county faces $108 billion gap in pensions....
Greek Streets 'Explosive'... PM wins confidence vote 'but outlook remains dire'...
Huntsman announces
presidential bid at Statue of Liberty... Harry Reid endorses... Bachmann surges to primary
lead...
Iraq hunting $17 billion
missing after U.S. invasion... NATO NIGHTMARE: 9 CIVILIANS
KILLED NATO strike kills 15 Libyan civilians ]
Census: Whites lose majority
among babies... German Giant Says US Workers Lack Skills... PAPER: AMERICA'S LOST DECADE? States look to Internet taxes
to close budget gaps...
SPANIARDS ON MARCH OVER BLEAK
PROSPECTS...
House will move
this week to limit funding for effort in Libya...
'DON'T BE SURPRISED IF ATHENS
GOES UP IN FLAMES'... GREEK PM PLEADS FOR UNITY! ...warns against default Threat to downgrade Italian
debt raises contagion fears... Princess Diana Conspiracy
Movie Headed to Theaters... ]
PAPER: AMERICA'S LOST DECADE?
Bachmann: Obama 'has failed'
blacks, Hispanics... Presidential no-show miffs
Hispanics... African-American unemployment
at 16%...
]
SHE'S OFF! (on the road
again) Michelle Obama embarks on Africa visit … (stay there!) ... Michelle Obama
Admits: 'Fortunately, We Have Help From The Media'... CHICAGOLAND: Rahm's Top Cop
Blames Gangs, Crime on 'Gov't-Sponsored Racism'... Likens federal gun laws to
'racism'...
Teen Mob Of 50 Hits Chicago
WALGREENS... Teen brutally beaten by mob
of blacks; cops mull 'lynching'
charge... Princess Diana Conspiracy
Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs
of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt
of Diana for having brought the son of her bosom, Chas, down. Do I think she
said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this
looming conflict. After all, Diana was his mother. Drudgereport: British woman decapitated in
grocery store; killer flees with head... Cannes: Diana doc slams UK
royals as 'gangsters'... ]
Dick Bové: Lost Finance Jobs Are Gonna Stay That Way…FOREVER
S&P
Reaches Possible Reversal Point at Minyanville
Watch the Market, Not CNBC at Forbes
3
Stocks Driving Markets Up June 30th Wall St. Cheat Sheet
AAII
Survey: Bullish Sentiment At Highest Level Since April at
Forbes
Top
3 Reasons Markets Were Up At the End of QE2 Wall St. Cheat Sheet
All
Dressed Up [ and nowhere to go … but down! ] at The Wall Street
Journal Mark Gongloff ‘The week-long stock rally got turbocharged
today, pushing the Dow easily into the black for the quarter and nearly
bringing the S&P with it. How long it lasts is a different story.The Dow jumped
153 points today and is up 480 points, or 4%, in the past 4 days. This is the
biggest four-day percentage gain since last September. The Dow ended the
quarter 0.5% higher and is now 7% higher on the year.
The S&P
and Nasdaq each gained 1% on the day and are up 4% and 4.5%, respectively, for
the 4-day run. Both ended the quarter slightly in the red.
If there was
any downside to this up-fest, it was the financials, which gained just 0.4% on
the day. But they’re the only sector in the S&P 500 still down for the
year. Everything else is up, as are the Russell 2000 and the Dow Transports,
which dipped into the red for a while there.
Bonds,
meanwhile, have gotten crushed during this stretch, pushing the yield on the
10-year note up 35 basis points, from 2.8% to 3.15%. The dollar’s down, too,
with the euro surging to $1.45.
So what does
it all mean? Dave earlier pointed to signs the market may be expecting an economic rebound . So far we have only one Chicago PMI
report to support hopes of a big bounce in growth, but OK.
There’s also
Greece, whose day of reckoning has been postponed for a little while longer.
And finally
there’s quarter-end window dressing, which still seems to make a lot of sense
as a theory, given the utter lack of volume during the stock-buying frenzy
(though the bond-selling frenzy has seen quite a lot of volume).
To me, it
feels more like a combination of all three — we’re pricing out economic
collapse and an imminent Greek default, while also prettying up the numbers at
the end of the quarter.
Fair enough.
From here the sledding gets harder. The economic data aren’t going to be pretty
for a little while, and earnings expectations are too high. And QE2, which
boosted stocks by 25%, has sailed for the last time.’
Minyanville's
T3 Daily Recap: Was This Week's Rally Anything More Than 2nd Quarter
Window-Dressing? [ No! ] at Minyanville
US
STOCKS SNAPSHOT-Wall St briefly pares gains after jobs data NEW YORK, June 30, 2011 8:45am (Reuters) - U.S. stock index futures briefly pared
gains on Thursday after a report showed new jobless claims fell less than
expected but optimism over Greece's austerity plan was set to extend a
three-day rally for stocks .
Moody's warns may downgrade U.S. muni debt ratings
Why The Dow Will Plunge To 7,000 24/7 Wall St. June 28, 2011 ‘ One theory of economics says that any
market can return to a point where it has been in the past. The Great Recession
was, by some measures as bad as the Great Depression. Unemployment was 3.6% in
November 1966. It was at 4% in December 1999. There is no precedent for zero
unemployment, but those two periods came close.
Recent movements in the stock market could repeat themselves as
the economy lurches toward another recession. The DJIA fell to just below 6,630
on March 2, 2009. Back in October 2007, 17 months earlier, it briefly traded
above 14,000. What happened? The most frequent answer is the recession that
lasted from December 2007 until June 2009, a period determined by the National
Bureau of Economic Research, caused the collapse. The recession lasted 18
months, which made it the longest of any downturn since World War II.
The DJIA could drop below 7,000 again before the middle of next
year, down from 12,000 where it trades now. The market fell over 50% last 2008
and 2009. A correction to 7,000 this time would be 42%.
The major drivers of a sharp drop in the DJIA would be:
1. RECOVERY IS UNEVEN
Some regions of America are almost economically dead. The first
reason the market is likely to plunge is that the current recovery is a 35-state
recovery and not a 50-state one. The US economy is not running on all its
cylinders now. It runs on about two-thirds of them during a good quarter. There
has not been and will not be much of a recovery in Nevada, Michigan,
Florida, California, Rhode Island, Ohio, Illinois, Louisiana, South Carolina,
and sections of Kentucky, Tennessee, Arizona, Idaho and Mississippi. Some areas
of these states lack important growth industries - particularly technology,
farming, oil drilling, or the large employment bases that accompany federal and
state government employee concentrations. Many areas that counted on
construction to bolster their economy can no longer do so. Unemployment will
stay at or above 10% in parts of these states and large cities like Las Vegas,
Detroit, Stockton, and Providence. Most have negative GDP growth. The US
economy cannot grow at a rate of 3% or better, which some economists are
forecasting for the second half of the year, if large regions of the
country are shrinking economically.
2. UNDERWATER MORTGAGES
More than a quarter of US mortgages are underwater. Economists
use several ways to measure the housing market disaster such as foreclosures,
delinquencies, home price drops, housing start and new and existing home sales.
None of these captures the heart of the market the way underwater mortgages
statistics do. A home with an upside down loan can rarely be sold without the
seller taking a huge financial hit. These homes are likely to become a
financial burden to the homeowners who cannot afford their mortgages and see no
hope that their houses will ever regain their value. Housing expert Robert
Shiller says home prices could drop another 10% this year. The ripple effect
from a rise in underwater mortgages will affect everything from bank earnings
to consumer credit to consumer spending. The real estate problem is a drag on
the economy and it is one that will get worse.
3. STOCKS ARE EXPENSIVE
Many market analysts believe that this is nearly a perfect time
to buy stocks. Yields on bonds are low. Gold price are unstable. The S&P
500 EPS will be $100 this year based on many forecasts. Is a twelve multiple on
that inexpensive? Perhaps. But if so, that indicates that the Dow should be
trading about where it is now. S&P 500 earnings, however, will start to
decline soon and in some industries they will disappear entirely. The process
has already begun among consumer products companies, retailers, grocery chains,
and transportation companies like airlines. Even tech firms like Oracle have signaled
that growth has slowed. Jim Cramer mentioned a long list of “cheap” shares on
“Mad Money” in October 2007. Stock looked “inexpensive” in late 2007. That only
lasted until corporate earnings collapsed.
4. INFLATION IS A PROBLEM
No matter what the Federal Reserve says, inflation is in full
bloom. The Bank for International Settlements just warned policymakers and
world leaders that central banks need to raise interest rates. Otherwise, the
BIS stated, the price of commodities will continue to march higher. Chinese
inflation hit a 34-month high in May despite rapid tightening by banks there.
The core of this rise was food prices, which were up 11.7% for the month. The
US cannot claim, at least for long, that it is one world and Asia, Africa, the
Indian subcontinent, and parts of South America are another. The prices of
critical commodities such as wheat, corn, oil, and cotton are well above where
they were two years ago, and with some occasional dips, are still rising.
Americans cannot afford higher and higher food and clothing prices when their
median incomes are not moving up. Inflation is a poison to consumer spending
and to the profit margins of companies that have commodities or
transportation-based businesses.
5. COMPANIES HORDING
Companies are still holding their cash. A McKinsey and Co.
report published in May stated that European and US companies have excess cash
of more than $2 trillion. Firms like Apple and Google have accumulated
multi-billion dollar cash hordes and have elected to hold that money even at
extremely low yields. Other firms like McDonald’s have elected to distribute
cash through share buybacks and high dividends. Most major banks have raised or
reinstated dividends. Cisco has begun to pay a dividend. Companies as diverse
as CVS/Caremark Corp., Family Dollar Stores Inc., and Schlumberger Ltd. have
raised their payouts. Dividends help people who own a lot of shares in the
companies in question. They do nearly nothing for people who hold small
portfolios or who are broke and unemployed. Cash not used to create jobs either
directly through hiring or indirectly through capital expenditure does not help
the economy.
6. EVERYONE'S SHEDDING THEIR WORKFORCE
Companies are no longer adding jobs and governments are laying
off employees. The May unemployment numbers told a story of a stagnant job
market. Recent jobless claim levels have confirmed it. The private sector has
become worried about GDP which has only grown by 2% recently. That is not
enough for many firms to decide to add significant numbers of workers. And,
unemployment rates are now being moved higher by government layoffs, a result
of the “new austerity." The new federal government budget is likely
to make matters worse. The Brookings Institution recently said in its
Government Employment and Economic Recovery that the single biggest threat to
the economic recovery of many cities is layoffs of government workers.
7. CHINA'S SLOWING ECONOMY
China’s economy will slow considerably. The economic dynamics of
China combine high food costs with faltering purchasing and manufacturing.
China’s factory output is no longer growing and it is entering what it would
view as a recession by the standards of the People’s Republic-a growth rate
well below its typical 10% of better. Goldman Sachs recently chopped its
forecast for China GDP. High oil prices contribute according to the investment
bank. Faltering demand for China’s exports is another. American exports to
China rose 32% in 2010 to a record $91.9 billion, and have surged 468% over the
past decade, according to the U.S.- China Business Council. Americans usually
complain about the heavy flow of China exports to the US. But, many American
industrial and service firms need China sales to bolster their bottom lines.
8. GREECE IS TANKING
Greece will go under and take many other small EU nations with
it. Austerity measures by Greece will not save it from default according to
most credit experts. Even if budget and wage cuts buy the nation some
time, the lack of stimulus will ruin a job market which already has a 40%
unemployment rate among its youth. Ireland and Portugal have similar problems.
A series of defaults among the nations may damage the bank and credit system
more than the collapse of Lehman. It will certainly decimate earnings and balance
sheets of many European banks. The EU portion of the global bank system could
go into a state of shock that would cripple the global credit process. Another
by-product of ruined banks is that access to the capital needed to drive
economic growth will disappear. A sharp slowdown of EU consumer spending will
cripple the US export economy, particularly if combined with a slowdown in
China.
Douglas A. McIntyre ‘
Fed’s
‘QE2’ leaves mixed legacy The Fed’s much-debated effort to boost the
economy by buying $600 billion in bonds ends Thursday. (Washington Post) [
Mixed? How ‘bout an undisputable legacy of failure, by the fed’s own words and
stated mission and purpose. And, count on more fake data; ie., today’s near
meaningless in terms of reality ‘fake’ jobs report which they hope will keep
the foos (fools) ball rolling on fraudulent wall street; viz., ‘The standard
unemployment rate most often used by the Fed is currently at 9.1%, up 90% since
Bernanke started. The more inclusive (realistic) U6 number stands at
15.8%, up 75% in the same period. The Civilian Participation Rate has
declined 2.87% to 64.2%.This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed. ‘.
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert
Barone [ How ‘bout both! I mean, come on! This catering to
fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’
market froth was used previously by senile ‘maestro’ greenspan and failed
miserably except for the frauds on wall street who commissioned up and down;
and, make no mistake, those computer-programmed high-frequency trading volumes
have now been maximized for nation-economy-draining profits for the frauds like
never before and have never been higher. The QE and dollar-debasement policies
were always predictably inflationary, ultimately hyperinflationary,
particularly for stocks; that ‘feel good’ obfuscation that was but in reality
good only for the frauds on wall street. No, there is no modern day alchemy
that spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the
best way for the Federal Reserve to support the fundamental value of the dollar
in the medium term is to pursue our dual mandate of maximum employment and
price stability, and we will certainly do that.”
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out because
of a lack of jobs, the “official” unemployment rate would be significantly
higher. While we can debate the meaning of the term maximum employment,
it is clear that the jobs data has deteriorated considerably since Bernanke
took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘
Inflation Expectations Are Heating Up
Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington Post) [Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
A Mid-Year Review and Full 2012 Outlook Simon
Maierhofer, June
28, 2011,
Time flies.
The 2011 calendar year is already half over, and based on the main stream 2011
outlook, the market's performance surprised many. I forgot just how bullish
Wall Street and the media was when coming into 2011. Look at the headlines
below and you'll see what I mean.
'Get over your
fear and get back into stocks' - USA Today, 12-17-2010
'Bullish on
tech and 2011' - Barrons, 12-20-2010
'Don't see a
double dip for housing' - Morningstar, 12-29-2010
'Economic
rebound forecast for 2011' - Seattle Times, 12-12-2010
'Investor's
forecast: Sunny with a chance of overheating' - WSJ, 1-3-2011
'Why U.S.
stocks may finally be a good buy' - Mootley Fool, 1-3-2011
'Real estate:
Finally a good investment' - SmartMoney, 1-19-2011
'Why the
S&P is still a bargain' - USNews, 2-4-2011
'11 signs the
economy is on the right path' - MarketWatch, 2-10-2011
Judging the
media with 20/20 hindsight is always a blast, but I must admit that I was too
chicken to provide a full 2011 forecast via the ETF Profit Strategy Newsletter.
Vaguely
Accurate
Here's what I
told Investor's Business Daily when they asked me for my 2011 forecast
(published in IBD's December, 22, 2010 paper):
'The Fed is
creating a bubble to contain the damage left behind by the bust of the previous
bubble(s). QE2, as desired by the Fed, has led to indiscriminate buying of
stocks and commodities.
On a historic
basis, stocks are overvalued and set to deliver long-term pain, not gain. Based
on various sentiment gauges (Institutional Investor survey of newsletter
writers and American Association for Individual Investors' survey of retail
investors, the VIX, Chicago Board Options Exchange Market Volatility Index, and
CBOE put/call ratio), investors are as optimistic about rising prices today as
they were in late 2007.
Compared to
2007, unemployment has doubled, GDP has tumbled, Americans' desire to spend has
morphed into a new frugality and Europe has caught a contagious financial
virus. Based on sentiment, the cork may pop at any time, although I wouldn't be
surprised if the Fed's POMO (permanent open-market operations) activity can
keep prices afloat through much of 2011. The upside is risky and active traders
may follow the trend until it's broken.'
I admit that
the outlook was somewhat on the vague side but it steered investors in the
right direction - follow the trend but watch out for a correction and a
possibly significant market top. The chart below provides a glance at the
S&P's performance since January 1, 2011 along with various support/resistance
points outlined by the ETF Profit Strategy Newsletter.
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2027%2011.gif
One Month
at a Time
With the major
index stretched to the breaking point but momentum still strong, my strategy
was to tackle the market one month at a time. Initially it made no sense to
buck the trend, but by mid-February, the market seemed to have reached a
breaking point. On February 18, I warned via the ETF Profit Strategy Newsletter
that: 'A fast and steep sell off from current prices is possible.' However, 'If
stocks don't fall below 1,255 and 1,229 we expect new recovery highs later in
2011.'
February 18
was a Friday. The following Monday was a red-across-the-board kind of a day.
The Nasdaq (Nasdaq: ^IXIC) opened Monday 38 points lower than it closed Friday
and dropped an additional 39 points during the day.
Formerly
high-flying sectors like consumer discretionary (NYSEArca: XLY - News ), industrials (NYSEArca: XLI - News ), materials (NYSEArca: XLB - News ), retail (NYSEArca: XRT - News ) and technology (NYSEArca: XLK - News ) followed suit. The S&P
(SNP: ^GSPC) dropped 23 points and the Dow (DJI: ^DJI) 177 points.
About two
weeks later, the Japan Earthquake news rocked the world and saw another wave of
selling. But, the S&P never closed below the 1,255 support and triggered a
low-risk buy signal the week of March 14 (March 20, ETF Profit Strategy Update).
The up side
target was outlined in the April 3 update of the newsletter: 'There is a fairly
strong Fibonacci projection resistance at 1,369. In terms of resistance levels,
the 1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a reversal
of potentially historic proportions.'
Bearish
Case, Not Closed Yet
The S&P
climbed as high as 1,370 and has since dropped as much as 110 points. But once
again, support surrounding the 1,255 level has not been breached.
In essence,
the S&P is currently stuck in a technical vacuum. The trading range is
1,250 - 1,300. There are plenty of folks who still believe the 'bull market' is
not yet over while the investing crowd has turned notably bearish (generally a
bullish signal). From a technical point of view, new highs are still possible.
The
Presidential Election Cycle, which sports gang buster pre-elections year
performance, supports the idea of new highs later on in 2011. Naturally, the
incumbent President will do whatever he can to court Americans for their vote.
Financial
Trickery
Shenanigans
designed to 'bribe' investors include maneuvers like releasing a portion of the
U.S. Strategic Petroleum Reserve. According to the New York Times, tapping into
the oil reserve for frivolous reasons is a bad idea because the oil (NYSEArca: USO - News ) will eventually have to be
replaced, usually at higher prices. But right now, the priority is to make
voters happy. Low gas prices will do just that.
Other
financial tricks include changing how the Consumer Price Index (CPI) is
calculated. Lawmakers are proposing to change the CPI methodology to include
changed spending patterns caused by price increase. For example, consumers tend
to drive less when gas prices increase.
This would
artificially lower the CPI and lower federal spending by around $220 billion
over the next decade. Passing such a proposal would surely be touted as a
victory in the battle against the debt ceiling while social security recipients
see their monthly checks shrink (social security payments are linked to the
CPI).
Another trick
is 'QE2-light'. Yes, even though QE2 is officially over, the Federal Reserve
will continue to reinvest maturing securities and buy Treasuries (NYSEArca: TLT - News ) from banks (NYSEArca: KBE - News ) at the rate of about $25
billion a month over the next year.
2011
Outlook
Quite frankly,
formulating a high confidence 2011 outlook right now is tricky (isn't it
always). But here is what we do know:
A major market
top is forming. The S&P reached the bottom end of our target range (1,369)
and was clearly rejected. We also know that crucial support at 1,255 has held.
Even though the market behaved like a significant top had been reached, it
failed to confirm it thus far.
The key
question is whether the upper end of our target range will be tested or not. At
this point it is too early to see, but that doesn't mean we are 'flying blind.'
The S&P
(and any other major index) won't rally to new highs unless they break key
resistance. Our strategy as of late has been to sell against resistance and buy
against support. This has worked like a charm. Once resistance is broken, we'll
buy against resistance and sell against support. This will keep investors on
the right side of the trade regardless of what the market has in store for us…’
Why your local Hospital could soon shut down
(StansberryNewsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
Geithner Looks
to Exit Treasury Dept. Bloomberg | Timothy F. Geithner has
signaled to White House officials that he’s considering leaving the
administration.
A
Huge Number Of Americans Believe The Economy Has Now Entered “Permanent
Decline” Business Insider | 39% of Americans believe the
US economy has entered “permanent decline” according to a new poll. 39% of
Americans believe the US economy has now entered “permanent decline” according
to a new poll from CBS and NYT.
The
IMF joins Bernanke in threatening US legislators M. Ruppert
| We do not need to raise taxes or put austerity measures in place in order to
save the United States.
It’s
Official: China Is The “Mystery” Daily Buyer Of Billions Of Euros Over the
past two weeks, we have been suggesting, tongue in cheekily, that despite the
relentless desires of everyone to sell the EUR, it has continued to drift
higher, due to some inexplicable force with bottomless pockets, which, after
some deductive logic, we assumed was China. It turns out we were correct.
New
Investment Strategy: Preparing for End Times Investment professionals have
a new pitch: The sky could soon be falling.
ECONOMIC CRISIS ARCHIVE
National / World
Unemployment:
No Extended Benefits For People Laid Off From Now On Arthur Delaney
| Will not be eligible for any of generous extended unemployment benefits
layoff victims have received from government since 2008.
Idiocy
Reigns Supreme Paul Craig Roberts | There is no
freedom, no democracy, and no government accountability in Amerika, a fascist
state.
Top Obama Advisor: Homeland is “Primary” Focus of
Counterterrorism Activist Post | The Huffington
Post is reporting that the White House is set to release their new
counterterrorism strategy on the White House website.
Riot
police braced for violence as union protesters march in cities across the UK
and strike closes a third of all schools Riot police were put on standby in
anticipation of trouble in Central London, as anarchist group Black Bloc
threatened ‘a day of rage’ and 10,000 officers have had their leave cancelled.
Official:
U.S. drone strikes at Somali militants The airstrike makes Somalia at least
the sixth country where the U.S. is reportedly using drone aircraft to conduct
lethal attacks. The latest target: senior members of a militant group linked to
al-Qaeda. (Washington Post) [ It isn’t often I get a chance to commend military
action these days; but, I really hate somalians … Well done! … I’ll not forget
the way they paraded those 18 dead rangers on a peace mission around … If up to
me, I’d have made 18 square miles of Mogadisho one big cemetery / parking lot
(I’m not kidding!). Deaths of four Americans reflect increasing
violence of Somali piracy U.S.
Warship Tracking Yacht Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
. I do know that these somali
pirates need killin’ and I further believe that open season on them including
using their boats in the water for target practice makes sense and certainly is
morally justified. I’m tired of hearing about those little weasels … you know,
‘the skinnies’. ] VIDEO:
EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their
nation-bankrupting, self-defeating, wasteful, adventuring, warring for no good
reason in Afghanistan, etc., I have been at a loss to understand why they are
not blasting the skinnies out of the water, along with bombing the
skinny-places of refuge! Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama
aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of
this nation, and add in the rest of the world to boot. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the
regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all,
pervasively corrupt, defacto bankrupt america is into the illegal drug trade in
a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt
Nimmo | The U.S. government has no intention of ending the war and
bringing home all of the troops. Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of
destruction at home … yeah … it’s true … they haven’t the slightest idea what
they’re doing and no matter what or where, pervasively corrupt, defacto
bankrupt america’s touch is an invariably destructive, negative touch (‘nation
building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’,
regardless of spin, propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s self-bankrupting
Afghan (among other) war(s)? Geeh! Silly me! And all the while I thought
wobama’s task was to bring to fruition all those laudable campaign promises;
viz., jobs / economy not wars, prosecution of the frauds on wall street
responsible for the crisis, etc.. What a total fraud wobama is. America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian england,
etc.; more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Relief
in Greece may be temporary Unless
negotiators agree to a long-term budget plan, it will be back to the brink by
the end of summer. (Washington Post) [
That’s an understatement. How ‘bout in ‘Terminator’ fashion they’ll be back by
the end of the summer regardless of the paper plan based on … more paper!
‘Greecin’ the skids, so to speak … for the frauds on wall street. The recurring
non-event that makes for great press purporting to be the main event. The new
scam / sham to keep suckers suckered. I mean, look at the yet again end of
month, quarter, half window dressing based on nothing at all. The frauds
on wall street et als should be criminally prosecuted, jailed, fined, and
disgorgement imposed !
Foreclosure, distressed sales up, at least on paper with contracts signed, so
no surprise nor reason to cheer here, as markets worldwide jump on the american
crazy train for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
Talk about milking the greek crisis for the umpteenth time a so-called solution
(and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘ but it’s great press for
the churn and earn and to keep the suckers suckered. Technology rally? Defacto
bankrupt american technology is horrendous but great sizzle for the new fraud
as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s.
factor. The rally into the close and the
previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast
turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money--
Moody's warns may downgrade U.S. muni debt ratings
Obama
strikes combative new tone The president sought to assert a commanding
presence on the issues defining his presidency. Milbank:
Obama fights back He was
uncharacteristically assertive in Wednesday’s presser. (Washington Post) [ Defining his presidency?
As with war criminal dumbya bush et als, define ‘failure’, and ‘eureka’!
‘Mission accomplished’! Fait accomplis! If only ‘wobama the b’ (for b***s***)
had done what he said (in his campaign) he was going to do, all would have been
different, including pervasively courrupt, defacto bankrupt america’s and now
the world’s now even more dire, dour prospects. Too little, too late for yet
another failed american presidency. . House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (WP) [ Ah, riiiiight! The
worst of both worlds. ‘Cutting the baby in half’ probably their most
politically expedient solution to appeasing their respective ‘support groups’.
Though not the kind of group therapy support groups that immediately come to
mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (WP) [ No surprise here given the
prior and continuing defacto complicity in wall street’s enormous frauds. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) … I want just one person with courage enough to stand
up and explain to all that these huge commissionable computerized trading
volumes like never before are a net negative in a very big way … that’s a fact
… that’s economic reality in real terms!
… Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert
Barone [ How ‘bout both! I mean, come on! This catering to
fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’
market froth was used previously by senile ‘maestro’ greenspan and failed
miserably except for the frauds on wall street who commissioned up and down;
and, make no mistake, those computer-programmed high-frequency trading volumes
have now been maximized for nation-economy-draining profits for the frauds like
never before and have never been higher. The QE and dollar-debasement policies
were always predictably inflationary, ultimately hyperinflationary,
particularly for stocks; that ‘feel good’ obfuscation that was but in reality
good only for the frauds on wall street. No, there is no modern day alchemy
that spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. ] Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama
aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of
this nation, and add in the rest of the world to boot. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the
regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all,
pervasively corrupt, defacto bankrupt america is into the illegal drug trade in
a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt
Nimmo | The U.S. government has no intention of ending the war and
bringing home all of the troops. Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of
destruction at home … yeah … it’s true … they haven’t the slightest idea what
they’re doing and no matter what or where, pervasively corrupt, defacto
bankrupt america’s touch is an invariably destructive, negative touch (‘nation
building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’,
regardless of spin, propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Inflation Expectations Are Heating Up
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Kick
the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they
all need a kick in the can … you know, that ‘washington establishment’ that
have failed all so miserably. Well, I know that’s not what he really meant.
But, ‘do no harm’? Methinks it’s too little, too late no matter what they do to
avoid that! Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th – so it’s important that
you take action now to prepare yourself. StealthStocksOnline.com
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though
preoccupied at the time (1992) with other things (RICO and consequent
substantial pressure from various nefarious elements, mob, mob-connected /
controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’
by mainstream media critics who for the most’ ho-hummed’ the film as more of
the same conspiracy stuff the factual basis for which I was already familiar
with; and hence, disinclined to make any significant effort to view same. Boy,
were they and derivatively I wrong! I am totally astounded by the insightful
documentation in this film, so masterfully presented in cinematic form. If at
all, Stone seemed shy about presenting even reasonable inferences from facts so
strictly set forth. By leading with actual speech footage from who I believe to
have been america’s last great president / leader, the substantially underrated
President General Eisenhower who warned of the dangers inherent to the military
/ industrial complex, Stone set the tone for what I believe to have been the
most courageous and significant warning of the current national and global
crises confronting the nation and world today and the reasons therefore (his
negative exposés of wall street, inherent american criminality, W, etc.,
complement and support his theme while revealing his wide range, wisdom, and
talent). (I must say that I liked Ronald Reagan, as I’ve previously said I like
Robert Redford, as being very likeable guys - I’m also conservative, but not to
a fault – his rational approach and results with Gorbachev were his most
significant accomplishments. Parenthetically and coincidentally, I also saw for
the first time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked
that it was better than I could have possibly imagined and hardly the stuff
warranting the mocking he got for same on the political trail … do you think it
was just a foreboding of the nation’s current predicament with ‘wobama the b’
(for b***s***); and yes, I do have that ‘birther wobama family portrait’ on my
website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and the
District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar) .
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter
alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains unaccounted
for and which could be used for payment to creditors, Los Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants, and
despite my motion to recuse her which motion she heard herself and denied,
and U.S. Trustee Hugh Leonard with whom I met personally refused to join
or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the
RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the office
of then U.S. Attorney Alito, addressed to him, with assurance they would
go directly to him. In addition to being inept [
I looked in on the one mob case he had brought, bungled, lost (accidently
on purpose?) since I was suing some mob-connected under RICO and the court
(I had known / previously met outside of court the judge Ackerman through
a client) was absolute bedlam and a total joke since incompetent corrupt
Alito brought in all 20 mob defendants (rather than prosecute one or a few
to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches. As
much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
FBI
trouble after Bulger’s capture? The
crime boss is said to have boasted of corrupting agents. If he talks, some
could live to regret it. (Washington Post) [ Wow! I knew the northeast
generally, jersey / new york particularly in terms of mob infestation /
infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively
thereby; but I’m now wondering about the stonewalling across the board
regarding the RICO matters [ I personally trust the FBI, and to be truthful,
really have no choice but to do so; moreover, I personally like the FBI … I
hope that’s not been a mistake and ultimately a personal flaw, respectively,
since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been
invariably the corrupting, corrupt, corruptible agents, including judicially
and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
The
ruthless Boston crime boss who spent 16 years on the lam is said to have
boasted that he corrupted six FBI agents and more than 20 police officers. If
he decides to talk, some of them could rue the day he was caught.
"They
are holding their breath, wondering what he could say," said Robert
Fitzpatrick, the former second-in-command of the Boston FBI office.
The
81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he
apparently had been living for most of the time he was a fugitive. He appeared
Friday afternoon inside a heavily guarded federal courthouse in Boston to
answer for his role in 19 murders.
Bulger,
wearing jeans and a white shirt, looked tan and fit and walked with a slight
hunch at back-to-back hearings on two indictments. He asked that a public
defender be appointed to represent him, but the government objected, citing the
$800,000 seized from his Southern California apartment and his "family
resources."
"We
think he has access to more cash," said prosecutor Brian Kelly.
At
the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge
Marianne Bowler asked him if he could afford to pay for an attorney.
"Well,
I could, if they would give me my money back," he replied in his unmistakable
Boston accent, prompting laughter in the courtroom.
Kelly
implied that Bulger's cash came from illegal activities.
"He
clearly didn't make that on a paper route on Santa Monica Boulevard," he
said.
Prosecutors
asked that Bulger be held without bail, saying he is danger to the community
and may try to threaten witnesses.
"He's
also, quite obviously, a risk of flight," Kelly said.
Kelly
also said Catherine Greig, Bulger's longtime girlfriend who was arrested with
him, told court officials that Bulger's brother may be willing to assist him in
posting bail.
Bulger
did not ask for a detention hearing, but his lawyer said he may later make an
argument that Bulger should be released on bail while awaiting trial.
The
amount of money found in Bulger's apartment confirmed a longheld belief by
investigators that he kept large stashes of cash for a life on the run.
"We
clearly don't think this is his last stash," Kelly said.
When
Bulger walked into the courtroom, he saw his brother William, the former
powerful leader of the state Senate, seated in the second row. Whitey Bulger
smiled at him and mouthed, "Hi." His brother smiled back.
Greig
appeared in court a few minutes later on charges of harboring a fugitive. She
asked for a hearing to determine whether she can be released on bail, and one
was scheduled for next week.
Bulger,
the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI
in scandal after he disappeared in 1995. It turned out that Bulger had been an
FBI informant for two decades, feeding the bureau information on the rival New
England Mafia, and that he fled after a retired Boston FBI agent tipped him off
that he was about to be indicted.
The
retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The
FBI depicted Connolly as a rogue agent, but Bulger associates described more
widespread corruption in testimony at Connolly's trial and in lawsuits filed by
the families of people allegedly killed by Bulger and his gang.
Kevin
Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash
for law enforcement officers at holiday time. "He used to say that
Christmas was for cops and kids," Weeks testified.
After
a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found
that more than a dozen FBI agents had broken the law or violated FBI
regulations.
Among
them was Connolly's former supervisor, John Morris, who admitted he took about
$7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen
"The Rifleman" Flemmi. Morris testified under a grant of immunity.
In
addition, Richard Schneiderhan, a former Massachusetts state police lieutenant,
was convicted of obstruction of justice and conspiracy for warning a Bulger
associate that the FBI had wiretapped the phones of Bulger's brothers.
Edward
J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that
Bulger will disclose new details about FBI corruption and how agents protected
him for so long.
"Whitey
was no fool. He knew he would get caught. I think he'll have more fun pulling
all those skeletons out of the closet," MacKenzie said. "I think
he'll start talking and he'll start taking people down."
A
spokesman for the Boston FBI did not return calls seeking comment. In the past,
the agency has said that a new generation of agents has replaced most or all of
the agents who worked in the Boston office while Bulger was an informant.
A
law enforcement official who requested anonymity because of the ongoing
investigation told The Associated Press on Friday that FBI agents lured Bulger
out of his., apartment earlier this week by telling him someone had broken into
his on-site storage unit. The official said Bulger walked out of the apartment,
was arrested without incident and consented to a search of the premises.
Some
law enforcement officials said they doubt Bulger will try to cut a deal with
prosecutors by exposing corruption, in part because he will almost certainly be
asked to reveal what contact he had with his brothers while he was a fugitive
and whether they helped him in any way.
"If
Bulger talks, he would have to talk about his brothers, and I can't see that
happening, said retired state police Detective Lt. Bob Long, who investigated
Bulger in the 1970s and '80s."They are not going to take selective information
from him — it's either full and complete cooperation or nothing."
Criminal
defense attorney and former Drug Enforcement Administration agent Raymond
Mansolillo said Bulger may not have any incentive to talk. "The FBI may
say, 'You're going to jail or you're going to be killed. We're not offering you
anything,'" said Mansolillo, who once represented New England crime figure
Luigi "Baby Shacks" Manocchio.
But
retired Massachusetts state police Maj. Tom Duffy, one of the lead
investigators in the Bulger case, said Bulger may agree to talk if he thinks it
could help his girlfriend.
"It's
very possible he's concerned about her well-being — she was with him for 16
years and was very loyal to him," Duffy said. "That may be a
bargaining chip for the government during negotiations."
The
question of whether Bulger will be given a public defender will be decided
later. A hearing was scheduled for Tuesday. He did not enter a plea.
Bulger
is "looking forward to facing the charges against him," said Peter
Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing
only.
Among
the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's
home turf of South Boston. "I'm here to see him get what he
deserves," she said.
Ina
Corcoran of suburban Braintree came on her day off to witness a piece of
history and sat on a bench outside the fifth-floor courtroom, saying it was
like being there to see Al Capone.
"If
you could go back in time to be in that courtroom, wouldn't you?" she
said.
___
Associated
Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson
in Miami and Greg Risling in Los Angeles contributed to this report.’
Trail
to bin Laden began with phone call (Washington Post) [ It’s truly difficult
not to like Mr. Woodward or not to receive well anything he reports on. After
all, having been played on the big screen by extremely likeable Robert Redford,
I’m constrained to say I myself am predisposed to liking Mr. Woodward
(Hoffman/Bernstein – not so much) and being thusly more receptive to what he
has to say (that ‘transfer aspect’ of ‘propaganda’ which I was fortunate to
have studied in sixth grade, the advanced reading group, courtesy of James
Bresnahan, undoubtedly the best teacher I’ve ever had, grade for grade – he
treated young people as more than just kids, with exposure to the great
classics, classical music, slides and insights from his wide-ranging world
travels, etc.). This is not to say Mr. Woodward should in any way be diminished
inasmuch as his substantial journalistic credentials and contributions speak
for themselves (particularly his recent piece, at great peril I believe, on the
ubiquity of high level security clearances in the Washington metro area).
Moreover, his contributions are invariably a welcomed positive for the great
paper, The Washington Post. Yet, Mr. Woodward was a ‘navy man’, after all; and,
I can’t help but think, with all the scripted, staged hoopla surrounding the
Bin Laden affair, his ‘gorge rises at it’. Indeed, 911 itself; that ‘pearl
harbor event’ so sought by the neo-cons / war mongerers still defies
explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge
by some {who conveniently ‘missed the party’ that day}, etc.. Some links,
echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. Additionally, people
must remain attuned to the reality that though
having but 5% of the world’s population, america can boast 76% of the world’s
serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime
rates in the world by far. That perverse field of dreams I’ve previously
alluded to, the american nightmare, if you build / contrive war, they will
come. And, they do; seals of them (among others); and when their ‘tours’ are
done, it’s murder inc./contract killing for hire that they’ve won (cia, mob,
etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred
to as the american century, brings longings of nostalgia to american criminals
who, like Pavlov’s dogs salivate at the
prospect of killing, raping, pillaging,
and plundering which primitive mindset they have mistakenly been conditioned to
connect to their now irretrievably lost success as a nation state, and to the
contrary, has become globally and domestically self-destructive /
self-defeating. In so short a period of time, it is unlikely that Mr. Woodward
could do an incisive investigative piece as he’s become famed for; nor could he
reasonably be expected to have done so given the ‘breaking nature’ of the
story. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and
reeks of political desperation and Orwellian opportunism. Uncharacteristically,
and somewhat disingenuously, I’m not going to read Mr. Woodward’s article so
that I can continue to like Bob Woodward Redford.]
Here’s
Why Pending Home Sales Skyrocketed in May Wall St. Cheat
Sheet[Foreclosure, distressed sales up, at least on paper, from contracts
signed!]
The Real Reason Behind This Rally - How High Will It Go? ETFguide Simon Maierhofer, On Wednesday June
29, 2011 ‘ If you've read any of my articles before, you know that I have
a mini obsession with reading (and quoting) headlines. As a contrarian, I
always like to have a pulse on the media's outlook because it can provide
valuable contrarian clues.
Here are some of the headlines featured last week:
'Greek
default could trigger chain reaction' - AP
'Why
Wall Street still says buy, and you shouldn't' - AP
'Is
the bull market over?' - Barrons.com
Interestingly,
the Barrons.com article commented that: 'A look at four different sentiment
measures suggests that more pain may await investors.'
I
looked at similar sentiment measures and my conclusion was just the opposite.
Bearish Sentiment Extremes
By
last Thursday (June 16) the market had recorded a number of bearish sentiment
extremes. The most notable was the CBOE Equity Put/Call Ratio, which spiked to
the highest level since early 2009.
Bullish
sentiment captured by the AAII and II polls had also dropped significantly. In
fact, the percentage of bullish advisors and investors was almost as low last
week as it was in the summer of 2010 when the S&P was just barely above
1,000.
The
VIX (Chicago Options: ^VIX) was the only sentiment gauge that wasn't in
dangerous territory. However, the VIX set up to trigger a buy signal for stocks
on Wednesday (June 15).
The
chart below featured last week by the ETF Profit Strategy Newsletter on June
17, neatly summarizes the various sentiment indicators. The Newsletter's simple
conclusion was that: 'Things might be so bad, it's actually good.'
http://www.etfguide.com//contributor/UserFiles/8/Image/vital%20signs%20july%20yahoo.gif
Support Levels
Sentiment
gauges are valuable, but basing decisions merely on sentiment can be dangerous.
For that reason, the ETF Profit Strategy Newsletter always looks at
structurally important support/resistance levels.
Here
are some of them mentioned in Wednesday's (June 15) Profit Strategy update:
1)
A trend line originating at the March 2009 low 2) Fibonacci support 3) March
16, 2011 low 4) 200-day moving average 5) Weekly pivot support
All
this support was clustered between S&P (SNP: ^GSPC) 1,259 - 1,245, and the
Newsletter recommended to close out short positions (established when the
S&P reached the Newsletter's upside target at 1,369) and leg into long
positions as soon as the S&P entered this range. It did so on Thursday,
June 16.
Bullish Dow Theory Non-Confirmation
In
the week of June 13, The Dow Jones Industrial Average (DJI: ^DJI) dropped to a
new 3-month low on Wednesday (June 15), while the Dow Jones Transportation
Average (NYSEArca: IYT News
Another
bullish non-confirmation was found between the DJIA (NYSEArca: DIA News VOO News IWM News QQQ News
How High Will it Go?
The
key question now is whether this rally is merely a bounce within a new bear
market or an attempt to reach new highs. The assessment made on June 15 was
that: 'The current trading range is seen to be between 1,250 - 1,300.'…’ [ This
is but a bounce in a secular bear market based on b***s*** alone! ]
Population bomb: 9 billion march to WWIII Paul B. Farrell
How much will our wars cost? Report says $4 trillion
Farage:
Arab Spring Could Lead to “Mediterranean Summer of Discontent” BBC
News | “It doesn’t matter how much money you throw at it… the fact is
that Greece is going bust,” he told MEPs.
EU
president Van Rompuy fear-mongers global economic ruin if Greek austerity vote
fails AFP | Brussels told Greece that no “Plan B” would be
waiting if it failed to pass the measures demanded.
Meet The
IMF’s New Leader, Christine Lagarde NPR | France’s finance
minister secured the top job at the IMF.
Austerity
Riots – A Glimpse Of America’s Future? Are the austerity protests and riots
happening in Greece right now a glimpse of America’s future? The truth is that
both nations are absolutely drowning in debt.
The day in 2011 that will change your life (Stansberry) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
U.S.
cost of war at least $3.7 trillion and counting The final bill will run at
least $3.7 trillion and could reach as high as $4.4 trillion, according to the
research project “Costs of War” by Brown University’s Watson Institute for
International Studies.
Gold
Rises As Greek Parliament Approves Austerity Gold traded higher for a
second day on word that the government of Greece will accept austerity measures
despite the overwhelming rejection of the IMF and EU plan by the Greek people.
Obama
Pushing U.S. To Economic Disaster: Google Founder The eccentric and frugal
billionaire college professor who helped Sergey Brin and Larry Brin develop
Google has warned that US President Barack Obama is pushing the U.S. towards a
path of economic disaster.
Afghanistan
Central Bank Head Flees To US In what may be the most prophetic news of the
day, we learn that the head of Afghanistan’s central bank, Abdul Fitrat (what
an oddly appropriate name for a central banker), has escaped the country,
emigrated to the US and “isn’t expected to return.
Bank
of America close to $8.5B deal Bank could announce a settlement today
involving claims it sold investors poor-quality securities. (Washington Post) [ Great deal, for them as
for the big frauds on wall street who’ve cashed out worthless / toxic / assets
/ paper at ‘mark to anything’ (congressional FASB rule change help) and QE etc.
(fed help - Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--). House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) … I want just one person with courage enough to stand
up and explain to all that these huge commissionable computerized trading
volumes like never before are a net negative in a very big way … that’s a fact
… that’s economic reality in real terms!
… Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington Post) [Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ]
Pawlenty
emerges as hawk in GOP field
Candidate criticizes Obama, Clinton and GOP for views on the continuing
uncertainty in the Middle East.
(Washington Post) [ Pawlenty? Pawlenty crazy! Plenty crazy! Pawlenty is
plenty crazy! Pawlenty is crazy! This is an eminently reasonable inference.
After all, jive-talkin’ wobama the b (for b***s***)’s ‘got rythym’ so as per
the song, ‘who could ask for anything more’. Indeed, contrary to campaign
promises, he’s given the military industrial complex all they’ve asked for and
more so ‘who could ask for anything more’. But they do, ask for more, war. In
fact, more, as in ever more worthless, debased paper dollars that haven’t even
been printed yet. More, as in enough to make mor … on, war criminal bush look
like a piker. More … bankrupt though though this pervasively corrupt nation’s
already defacto bankrupt. Though lost on Washington, rationality counts.
Numbers count. Reality counts. The pandering man without a message, pawlenty,
plenty, crazy! … Though having but 5% of the
world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
New
IMF chief faces immediate tests Lagarde faces immediate tests in Greece, as
well as a longer-range commitment to giving developing nations more power
within the IMF.(Washington Post) [ Test number 1: Can she count? Yes, a simple
math test. Test number 2: Has she lost
touch with reality? Yes, a simple psychological test determinative of whether
she’s lost touch with reality. If, unlike her american ‘counterparts along with
no-recession-helicopter-ben-bs-bernanke’, she passes tests 1 and 2, she then
qualifies to undergo tests for competence in economics, finance, law which thus
far have been absent from both discourse and action. House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to keep
pace with its expanded responsibilities. (Washington Post) [ No surprise here
given the prior and continuing defacto complicity in wall street’s enormous
frauds. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) … I want just one person with courage enough to stand
up and explain to all that these huge commissionable computerized trading
volumes like never before are a net negative in a very big way … that’s a fact
… that’s economic reality in real terms!
… Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert
Barone [ How ‘bout both! I mean, come on! This catering to
fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’
market froth was used previously by senile ‘maestro’ greenspan and failed
miserably except for the frauds on wall street who commissioned up and down;
and, make no mistake, those computer-programmed high-frequency trading volumes
have now been maximized for nation-economy-draining profits for the frauds like
never before and have never been higher. The QE and dollar-debasement policies
were always predictably inflationary, ultimately hyperinflationary,
particularly for stocks; that ‘feel good’ obfuscation that was but in reality
good only for the frauds on wall street. No, there is no modern day alchemy
that spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the
best way for the Federal Reserve to support the fundamental value of the dollar
in the medium term is to pursue our dual mandate of maximum employment and
price stability, and we will certainly do that.”
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number stands
at 15.8%, up 75% in the same period. The Civilian Participation Rate has
declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘ Inflation Expectations Are Heating Up
Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com
National / World
Mayor Bloomberg Remixes al-Qaeda Video to Push Gun
Control Effort Kurt Nimmo | Absurd al-Qaeda video
exploited by Bloomberg called for Muslims to buy automatic weapons at gun shows
and kill Americans.
Ron Paul: Obama’s Libya War Power Grab Impeachable Kurt
Nimmo | Presidents have waged war without constitutional authority
since Truman and the creation of the national security state.
Greece
to vote on austerity plan Lawmakers are expected to vote today on $40B
package of spending cuts that have sparked protests. (Washington Post) [ ‘Greecin’ the skids, so to speak … for the
frauds on wall street. The recurring non-event that makes for great press
purporting to be the main event. The new scam / sham to keep suckers suckered.
I mean, look at the yet again end of month, quarter, half window dressing based
on nothing at all. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Talk about milking the greek crisis and for the umpteenth
time a so-called solution (and there are loads of greecy scenarios worldwide)
… I don’t think so and neither does
Schaeffer who says: ‘
but it’s great press for the churn and earn and to keep the suckers
suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day)
‘rally’ was based on b***s*** alone to keep the suckers suckered and for
‘smarter money ‘ along with the frauds to sell into. This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast
turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His technical
indicators suggest that the market manipulation we’ve seen over the last
several months is about to come to an end…and that means thousands of investors
are about to get clobbered. This correction could begin as soon as June 30th – so it’s important that you take action now to
prepare yourself. StealthStocksOnline.com
Final Showdown For TSA Groping Bill Paul
Joseph Watson | Will House pass Dan Patrick’s SB 29 or settle for a
completely worthless resolution?
Charges dismissed against woman arrested while
videotaping traffic stop from her front yard Raw Story |
The case against a 28-year-old woman charged with obstructing governmental
administration after refusing a police officer’s order to leave her front yard
while she was videotaping a traffic stop has been dismissed.
The day in 2011 that will change your life (Stansberry) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
A World
Overwhelmed By Western Hypocrisy Paul Craig Roberts |
Western institutions have become caricatures of hypocrisy.
Ron
Paul On 2012: Establishment, Media Unable To Exclude Me This Time Around Steve
Watson | Texas Congressman Ron Paul feels much more optimistic about
his 2012 presidential run.
The
Bank Of America Non-Settlement “Settlement” Zero Hedge |
Some curious language in the BAC settlement.
Why your local Hospital could soon shut down (Stansberry
Newsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
Pakistan
tells US to leave ‘drone’ attack base AFP | Pakistan tells
U.S. to leave a remote base reportedly used as a hub for covert CIA drone
attacks.
Obama
looks to big donors to fund early push The president and top aides are
waging a behind-the-scenes push to win over skeptical big-dollar donors, whose
cash is needed to finance dramatic summertime growth in his battleground-state
machinery. Earlier:
In trip to New York, a focus on Wall Street cash (Washington Post) [ I’m sure it comes as no revelation that the
time has come for a revamp of pervasively corrupt, defacto bankrupt america’s
‘election process / rules’ which have been so antithetical to the purported
democracy they’ve been meant to serve; but to the contrary, have literally in
terms of reality, contributed in large part to the decline and fall of this
nation. Indeed, the bribes have left criminals / frauds, ie., wall street,
etc., doing what they do best; viz., crime, fraud; along with the military /
industrial complex doing what they do best; viz., waging / contriving needless
war, depleting / plundering treasury, etc.. Pervasively corrupt, defacto
bankrupt america has never been more diminished in the eyes of this nation and
the rest of the world which view comports with factual reality. Moreover, some
very capable people have been precluded from participation in government owing
to what has become a ‘country club institution of incompetents / inmates
running this asylum aka the so called u.s. government’. In any event, wobama
the b (for b***s***) is done, a proven failed president as dumbya bush et als
before him, and the same would be just wasted cash in any event. Wobama’s
pathetic!
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though
preoccupied at the time (1992) with other things (RICO and consequent
substantial pressure from various nefarious elements, mob, mob-connected /
controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’
by mainstream media critics who for the most’ ho-hummed’ the film as more of
the same conspiracy stuff the factual basis for which I was already familiar
with; and hence, disinclined to make any significant effort to view same. Boy,
were they and derivatively I wrong! I am totally astounded by the insightful
documentation in this film, so masterfully presented in cinematic form. If at
all, Stone seemed shy about presenting even reasonable inferences from facts so
strictly set forth. By leading with actual speech footage from who I believe to
have been america’s last great president / leader, the substantially underrated
President General Eisenhower who warned of the dangers inherent to the military
/ industrial complex, Stone set the tone for what I believe to have been the
most courageous and significant warning of the current national and global
crises confronting the nation and world today and the reasons therefore (his
negative exposés of wall street, inherent american criminality, W, etc.,
complement and support his theme while revealing his wide range, wisdom, and
talent). (I must say that I liked Ronald Reagan, as I’ve previously said I like
Robert Redford, as being very likeable guys - I’m also conservative, but not to
a fault – his rational approach and results with Gorbachev were his most significant
accomplishments. Parenthetically and coincidentally, I also saw for the first
time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked that it
was better than I could have possibly imagined and hardly the stuff warranting
the mocking he got for same on the political trail … do you think it was just a
foreboding of the nation’s current predicament with ‘wobama the b’ (for
b***s***); and yes, I do have that ‘birther wobama family portrait’ on my
website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar) .
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO
and the court (I had known / previously met outside of court the judge
Ackerman through a client) was absolute bedlam and a total joke since
incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. {Ultimately delivered by UPS} ]
FBI
trouble after Bulger’s capture? The
crime boss is said to have boasted of corrupting agents. If he talks, some
could live to regret it. (Washington Post) [ Wow! I knew the northeast
generally, jersey / new york particularly in terms of mob infestation /
infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively
thereby; but I’m now wondering about the stonewalling across the board
regarding the RICO matters [ I personally trust the FBI, and to be truthful,
really have no choice but to do so; moreover, I personally like the FBI … I
hope that’s not been a mistake and ultimately a personal flaw, respectively,
since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been
invariably the corrupting, corrupt, corruptible agents, including judicially
and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
Americans
spent even less in May (Washington
Post) [ Yeah … unless you work in or for the u.s. government, you’re
constrained by the fundamental precept that ‘you can’t spend what you don’t
have’; that is, of course, unless you’ve taken the various administrations’
encouragements to heart and like them, done exactly that, and to the nation’s
substantial detriment at that. Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert
Barone [ How ‘bout both! I mean, come on! This catering to
fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’
market froth was used previously by senile ‘maestro’ greenspan and failed
miserably except for the frauds on wall street who commissioned up and down;
and, make no mistake, those computer-programmed high-frequency trading volumes
have now been maximized for nation-economy-draining profits for the frauds like
never before and have never been higher. The QE and dollar-debasement policies
were always predictably inflationary, ultimately hyperinflationary,
particularly for stocks; that ‘feel good’ obfuscation that was but in reality
good only for the frauds on wall street. No, there is no modern day alchemy
that spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the
best way for the Federal Reserve to support the fundamental value of the dollar
in the medium term is to pursue our dual mandate of maximum employment and
price stability, and we will certainly do that.”
It is
instructive to take a look at the actual Federal Reserve goals, as well Bernanke’s
results in pursuing those goals.
Goals of
Monetary Policy
“The goals of
monetary policy are spelled out in the Federal Reserve Act, which specifies
that the Board of Governors and the Federal Open Market Committee should seek
‘to promote effectively the goals of maximum employment, stable prices, and
moderate long-term interest rates’. Stable prices in the long run are a
precondition for maximum sustainable output growth and employment as well as
moderate long-term interest rates.
When prices
are stable and believed likely to remain so, the prices of goods, services,
materials, and labor are undistorted by inflation and serve as clearer signals
and guides to the efficient allocation of resources and thus contribute to
higher standards of living. Moreover, stable prices foster saving and capital
formation, because when the risk of erosion of asset values resulting from
inflation—and the need to guard against such losses—are minimized, households
are encouraged to save more and businesses are encouraged to invest more.”
Let’s look at
the results of Bernanke’s economic “fine tuning” (using data from the St. Louis
Fed’s database, starting in February, 2006, through April 2011), and see if he
has successfully pursued this mandate.
Definition
of STABLE ( from the Mirriam-Webster dictionary)
a : firmly established :
fixed , steadfast <stable
opinions>
b : not changing or fluctuating :
unvarying
<in stable condition>
c : permanent , enduring <stable
civilizations>
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
It is easy to
play with the weightings of the above prices, and see how individual budgets
would be impacted. Regardless of the method used to look at prices, it is
clear that Bernanke has not been successful at maintaining price stability
since taking over as Fed Chairman. Mandate not accomplished.
Maximum
or Full Employment
Finding a
strict definition of maximum employment is impossible. Many economist
give different estimates, ranging from 2%-7%. The standard unemployment
rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke
started. The more inclusive (realistic) U6 number stands at 15.8%, up 75%
in the same period. The Civilian Participation Rate has declined 2.87% to
64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. Mandate not accomplished.
Moderate
Interest Rates
While not
stated in Bernanke’s recent address, the Fed’s website also posts “moderate
interest rates” as a stated goal. While we cannot definitively say what
constitutes “moderate”, we do know that both short and long-term interest rates
are near all time lows. It is safe to assume that near record low rates
are not “moderate”. Further, when interest rates are artificially
held below the rate of economic growth,” financial repression” is
occurring. Many bright folks have commented on how the zero interest rate
policy (ZIRP) is destructive to savers and misallocates resources. It is
safe to say that this mandate has not been accomplished.
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
We will leave
it up to our readers to make their own conclusions.
Matt Marcewicz
& Robert Barone, Ph.D.
Matthew
Marcewicz and Robert Barone are investment advisor representatives with Ancora
West Advisors LLC, Reno, Nev. ‘
Inflation Expectations Are Heating Up
Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com
Economy in Danger of Full Stall
Wall St up again on Greece, but investors skittish - NEW YORK (Reuters) - U.S. stocks rose for a
second day on Tuesday on optimism that a solution to Greece's debt crisis was
near, although low volume indicated underlying nervousness in the market.
Technicals Knew what Bernanke Didn't: Stocks will Tank! But How
Much?
Greece
Puts on the Red Light, Sells its Assets to the Night at
Minyanville
‘ Is Meredith
Whitney’s “I told you so” moment approaching?
Moody’s just lowered Connecticut’s general obligation
rating to negative from stable citing among other things “depleted reserves
with slim prospects for near-term replenishment.”
From Moody’s:
The state has approximately $14 billion in
outstanding general obligation bonds…The negative outlook reflects
Connecticut’s depleted reserves with slim prospects for near-term
replenishment; pension funded ratios that are among the lowest in the country
and likely to remain well below average; and high combined fixed costs for debt
service and post employment benefits relative to the state’s budget. In the
absence of a clearly articulated plan to achieve meaningful improvement in the
state’s pension funded ratios and reduce its fixed costs, as well as progress
toward adequate reserve levels, Connecticut’s rating could be downgraded.
The news comes just a day after it was revealed that
its tri-state neighbor New Jersey is seeking a $2.25 billion bridge loan from JPMorgan Chase . The Garden State has decided to take a bank
loan instead of issuing bonds because the later would require more time to
raise the necessary amount of cash to pay its bills.
Whitney, the analyst who has been sharply criticized
for her prediction of widespread municipal defaults this year, was on CNBC this morning discussing the bridge
loan . From the interview:
“I wouldn’t read too much into this one financing. It
could be business as usual. That’s not the issue,” Whitney said in a live
interview. “New Jersey’s fiscal woes are far bigger than them accessing a line
of credit or a new loan.”
Rather, she said these types of moves will be mere
warning shots as states approve their spending plans for the fiscal year
ahead—running from July 1 to June 30—and balance those budgets by cutting local
aid.
“That’s what’s really going to hurt. So the pain of
the states is just upon us,” said Whitney, famous for her warning about Citigroup ‘s exposure to subprime loans back in 2007, a call
that would foretell the ensuing financial crisis. “What you’ll see now is as
the states are submitting final budgets, you’ll see the real pain at the
municipal level start happening July 1. That will intensify and that’s where
you’ll see the fallout.”
Whitney said last year that she expects hundreds of
billions in defaults on municipal bonds in the next five years.’
Meredith Whitney: GIRD YOUR LOINS ‘New Jersey’s move to take
out a short-term $2.25 billion loan to pay its bills is symbolic of how
difficult state and municipal financing will be in the year ahead, analyst
Meredith Whitney told CNBC Tuesday…she said these types of moves will be mere
warning shots as states approve their spending plans for the fiscal year ahead—running
from July 1 to June 30—and balance those budgets by cutting local aid. “That’s
what’s really going to hurt. So the pain of the states is just upon us,” said
Whitney. “What you’ll see now is as the states are submitting final budgets,
you’ll see the real pain at the municipal level start happening July 1. That
will intensify and that’s where you’ll see the fallout.”"That’s what’s
really going to hurt. So the pain of the states is just upon us,” said Whitney.
“What you’ll see now is as the states are submitting final budgets, you’ll see
the real pain at the municipal level start happening July 1. That will
intensify and that’s where you’ll see the fallout.” [CNBC ]’
Metro home prices hit lowest level since
1993
Meet The
IMF’s New Leader, Christine Lagarde NPR | France’s finance
minister secured the top job at the IMF.
Can The Fed
Stop Quantitative Easing? Paul Craig Roberts | If the Fed
stops QE, confidence in the US dollar would rise.
Ron
Paul Reality Check: Should America Sell Fort Knox’s Gold? Should the U.S.
sell off its gold reserves to pay down debt? That’s the latest idea being
tossed around by gold bug Ron Paul.
Can The Fed
Stop Quantitative Easing? If the Fed stops QE, confidence in the US dollar
would rise. Money would flow into US investments, both supporting the US stock
market and helping to finance the large US budget deficit. Gold and silver
prices would decline.
Dollar seen
losing global reserve status The US dollar will lose its status as the
global reserve currency over the next 25 years, according to a survey of
central bank reserve managers who collectively control more than $8,000bn.
Welcome
To The Recession: Manufacturing Surveys Imply US Economy Has Entered The Second
Month Of A (Re)Recession There may be those among the less than brainwashed
lemmingerati out there who have noticed what, as we have pointed out for the
past month when reporting on the various manufacturing and regional Fed
indices, has been an epic collapse in the appropriate data series.
National / World
Banging
the Drums of War: Iran and the Neo-cons Robert Bonomo |
All the usual suspects that hyped a war in Iraq which was started on false
precepts and lies.
Cancer Surges In Body Scanner Operators; TSA Launches
Cover-Up Paul Joseph Watson | FOIA documents reveal
how “large number of workers have been falling victim to cancer, strokes and
heart disease”.
Greek PM: Austerity is Patriotic Duty Kurt
Nimmo | Three quarters of Greeks oppose tax rises, spending cuts, globalist
privatization, and the selling off of national treasures.
Final Senate Version of TSA Bill Authorizes Invasive
Groping Paul Joseph Watson | TSA agents could meet
“reasonable suspicion” mandate if travelers set off metal detector or refuse
naked body scan.
House Passes Watered Down TSA Groping Bill The
Alex Jones Channel | Alex Jones updates viewers with an emergency
report on the latest developments with the Texas TSA groping bill.
Pragmatism
may define Gates’s legacy Defense secretary may not be remembered for any
grand ideas but for his stewardship of two wars. (Washington Post) [ What?
What’s this? What parallel universe is this that talks of gates’ pragmatism.
Legacy? What legacy? More contrived, needless war? More defacto bankruptcy and
depletion of treasury for this and other nations? For those who think there’s strategic thinking behind these
global blunders I say ‘wake up’ … look around you … smell the dead roses! Not that panetta is any better having turned
this nation into but a pińata much like the failed predispositions which have
brought down his home state (pelosi’s, feinstein’s anyone?). Unless measured in
terms of increased heroin trade in Afghanistan, an increased cia / Hegelian
approach to global matters leading ineluctably to new self-created needs for
actions to dispel the ever increasing new problems resulting from their
misguided acts, his tenure must be considered as much a failure as the failed
presidents he’s served so dutifully; and, expect worse from pińata-man panetta.
Like a psychotic serial arsonist employed in a fire department, creating the
very devastating fires they’re called upon to put out, these appointees are
lose – lose scenarios for everyone.
House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) … I want just one person with
courage enough to stand up and explain to all that these huge commissionable
computerized trading volumes like never before are a net negative in a very big
way … that’s a fact … that’s economic reality in real terms! … Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Kick
the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they
all need a kick in the can … you know, that ‘washington establishment’ that
have failed all so miserably. Well, I know that’s not what he really meant.
But, ‘do no harm’? Methinks it’s too little, too late no matter what they do to
avoid that! Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th – so it’s important that
you take action now to prepare yourself. StealthStocksOnline.com
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though
preoccupied at the time (1992) with other things (RICO and consequent
substantial pressure from various nefarious elements, mob, mob-connected /
controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’
by mainstream media critics who for the most’ ho-hummed’ the film as more of
the same conspiracy stuff the factual basis for which I was already familiar
with; and hence, disinclined to make any significant effort to view same. Boy,
were they and derivatively I wrong! I am totally astounded by the insightful
documentation in this film, so masterfully presented in cinematic form. If at
all, Stone seemed shy about presenting even reasonable inferences from facts so
strictly set forth. By leading with actual speech footage from who I believe to
have been america’s last great president / leader, the substantially underrated
President General Eisenhower who warned of the dangers inherent to the military
/ industrial complex, Stone set the tone for what I believe to have been the
most courageous and significant warning of the current national and global
crises confronting the nation and world today and the reasons therefore (his
negative exposés of wall street, inherent american criminality, W, etc.,
complement and support his theme while revealing his wide range, wisdom, and
talent). (I must say that I liked Ronald Reagan, as I’ve previously said I like
Robert Redford, as being very likeable guys - I’m also conservative, but not to
a fault – his rational approach and results with Gorbachev were his most
significant accomplishments. Parenthetically and coincidentally, I also saw for
the first time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked
that it was better than I could have possibly imagined and hardly the stuff
warranting the mocking he got for same on the political trail … do you think it
was just a foreboding of the nation’s current predicament with ‘wobama the b’
(for b***s***); and yes, I do have that ‘birther wobama family portrait’ on my
website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar) .
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los Angeles,
etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and denied,
and U.S. Trustee Hugh Leonard with whom I met personally refused to join
or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the
RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they would
go directly to him. In addition to being inept [
I looked in on the one mob case he had brought, bungled, lost (accidently
on purpose?) since I was suing some mob-connected under RICO and the court
(I had known / previously met outside of court the judge Ackerman through
a client) was absolute bedlam and a total joke since incompetent corrupt
Alito brought in all 20 mob defendants (rather than prosecute one or a few
to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches. As
much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
FBI
trouble after Bulger’s capture? The
crime boss is said to have boasted of corrupting agents. If he talks, some
could live to regret it. (Washington Post) [ Wow! I knew the northeast
generally, jersey / new york particularly in terms of mob infestation /
infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively
thereby; but I’m now wondering about the stonewalling across the board
regarding the RICO matters [ I personally trust the FBI, and to be truthful,
really have no choice but to do so; moreover, I personally like the FBI … I
hope that’s not been a mistake and ultimately a personal flaw, respectively,
since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been
invariably the corrupting, corrupt, corruptible agents, including judicially
and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
The
ruthless Boston crime boss who spent 16 years on the lam is said to have
boasted that he corrupted six FBI agents and more than 20 police officers. If
he decides to talk, some of them could rue the day he was caught.
"They
are holding their breath, wondering what he could say," said Robert
Fitzpatrick, the former second-in-command of the Boston FBI office.
The
81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he
apparently had been living for most of the time he was a fugitive. He appeared
Friday afternoon inside a heavily guarded federal courthouse in Boston to
answer for his role in 19 murders.
Bulger,
wearing jeans and a white shirt, looked tan and fit and walked with a slight
hunch at back-to-back hearings on two indictments. He asked that a public
defender be appointed to represent him, but the government objected, citing the
$800,000 seized from his Southern California apartment and his "family
resources."
"We
think he has access to more cash," said prosecutor Brian Kelly.
At
the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge
Marianne Bowler asked him if he could afford to pay for an attorney.
"Well,
I could, if they would give me my money back," he replied in his
unmistakable Boston accent, prompting laughter in the courtroom.
Kelly
implied that Bulger's cash came from illegal activities.
"He
clearly didn't make that on a paper route on Santa Monica Boulevard," he
said.
Prosecutors
asked that Bulger be held without bail, saying he is danger to the community
and may try to threaten witnesses.
"He's
also, quite obviously, a risk of flight," Kelly said.
Kelly
also said Catherine Greig, Bulger's longtime girlfriend who was arrested with
him, told court officials that Bulger's brother may be willing to assist him in
posting bail.
Bulger
did not ask for a detention hearing, but his lawyer said he may later make an
argument that Bulger should be released on bail while awaiting trial.
The
amount of money found in Bulger's apartment confirmed a longheld belief by
investigators that he kept large stashes of cash for a life on the run.
"We
clearly don't think this is his last stash," Kelly said.
When
Bulger walked into the courtroom, he saw his brother William, the former
powerful leader of the state Senate, seated in the second row. Whitey Bulger
smiled at him and mouthed, "Hi." His brother smiled back.
Greig
appeared in court a few minutes later on charges of harboring a fugitive. She
asked for a hearing to determine whether she can be released on bail, and one
was scheduled for next week.
Bulger,
the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI
in scandal after he disappeared in 1995. It turned out that Bulger had been an
FBI informant for two decades, feeding the bureau information on the rival New
England Mafia, and that he fled after a retired Boston FBI agent tipped him off
that he was about to be indicted.
The
retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The
FBI depicted Connolly as a rogue agent, but Bulger associates described more
widespread corruption in testimony at Connolly's trial and in lawsuits filed by
the families of people allegedly killed by Bulger and his gang.
Kevin
Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash
for law enforcement officers at holiday time. "He used to say that
Christmas was for cops and kids," Weeks testified.
After
a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found
that more than a dozen FBI agents had broken the law or violated FBI
regulations.
Among
them was Connolly's former supervisor, John Morris, who admitted he took about
$7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen
"The Rifleman" Flemmi. Morris testified under a grant of immunity.
In
addition, Richard Schneiderhan, a former Massachusetts state police lieutenant,
was convicted of obstruction of justice and conspiracy for warning a Bulger
associate that the FBI had wiretapped the phones of Bulger's brothers.
Edward
J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that
Bulger will disclose new details about FBI corruption and how agents protected
him for so long.
"Whitey
was no fool. He knew he would get caught. I think he'll have more fun pulling
all those skeletons out of the closet," MacKenzie said. "I think
he'll start talking and he'll start taking people down."
A
spokesman for the Boston FBI did not return calls seeking comment. In the past,
the agency has said that a new generation of agents has replaced most or all of
the agents who worked in the Boston office while Bulger was an informant.
A
law enforcement official who requested anonymity because of the ongoing
investigation told The Associated Press on Friday that FBI agents lured Bulger
out of his., apartment earlier this week by telling him someone had broken into
his on-site storage unit. The official said Bulger walked out of the apartment,
was arrested without incident and consented to a search of the premises.
Some
law enforcement officials said they doubt Bulger will try to cut a deal with
prosecutors by exposing corruption, in part because he will almost certainly be
asked to reveal what contact he had with his brothers while he was a fugitive
and whether they helped him in any way.
"If
Bulger talks, he would have to talk about his brothers, and I can't see that
happening, said retired state police Detective Lt. Bob Long, who investigated
Bulger in the 1970s and '80s."They are not going to take selective
information from him — it's either full and complete cooperation or nothing."
Criminal
defense attorney and former Drug Enforcement Administration agent Raymond
Mansolillo said Bulger may not have any incentive to talk. "The FBI may
say, 'You're going to jail or you're going to be killed. We're not offering you
anything,'" said Mansolillo, who once represented New England crime figure
Luigi "Baby Shacks" Manocchio.
But
retired Massachusetts state police Maj. Tom Duffy, one of the lead
investigators in the Bulger case, said Bulger may agree to talk if he thinks it
could help his girlfriend.
"It's
very possible he's concerned about her well-being — she was with him for 16
years and was very loyal to him," Duffy said. "That may be a
bargaining chip for the government during negotiations."
The
question of whether Bulger will be given a public defender will be decided
later. A hearing was scheduled for Tuesday. He did not enter a plea.
Bulger
is "looking forward to facing the charges against him," said Peter
Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing
only.
Among
the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's
home turf of South Boston. "I'm here to see him get what he
deserves," she said.
Ina
Corcoran of suburban Braintree came on her day off to witness a piece of
history and sat on a bench outside the fifth-floor courtroom, saying it was
like being there to see Al Capone.
"If
you could go back in time to be in that courtroom, wouldn't you?" she
said.
___
Associated
Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson
in Miami and Greg Risling in Los Angeles contributed to this report.’
Trail
to bin Laden began with phone call (Washington Post) [ It’s truly difficult
not to like Mr. Woodward or not to receive well anything he reports on. After
all, having been played on the big screen by extremely likeable Robert Redford,
I’m constrained to say I myself am predisposed to liking Mr. Woodward
(Hoffman/Bernstein – not so much) and being thusly more receptive to what he
has to say (that ‘transfer aspect’ of ‘propaganda’ which I was fortunate to
have studied in sixth grade, the advanced reading group, courtesy of James
Bresnahan, undoubtedly the best teacher I’ve ever had, grade for grade – he
treated young people as more than just kids, with exposure to the great
classics, classical music, slides and insights from his wide-ranging world
travels, etc.). This is not to say Mr. Woodward should in any way be diminished
inasmuch as his substantial journalistic credentials and contributions speak
for themselves (particularly his recent piece, at great peril I believe, on the
ubiquity of high level security clearances in the Washington metro area).
Moreover, his contributions are invariably a welcomed positive for the great
paper, The Washington Post. Yet, Mr. Woodward was a ‘navy man’, after all; and,
I can’t help but think, with all the scripted, staged hoopla surrounding the
Bin Laden affair, his ‘gorge rises at it’. Indeed, 911 itself; that ‘pearl
harbor event’ so sought by the neo-cons / war mongerers still defies
explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge
by some {who conveniently ‘missed the party’ that day}, etc.. Some links,
echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. Additionally, people
must remain attuned to the reality that though
having but 5% of the world’s population, america can boast 76% of the world’s
serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime
rates in the world by far. That perverse field of dreams I’ve previously
alluded to, the american nightmare, if you build / contrive war, they will
come. And, they do; seals of them (among others); and when their ‘tours’ are
done, it’s murder inc./contract killing for hire that they’ve won (cia, mob,
etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred
to as the american century, brings longings of nostalgia to american criminals
who, like Pavlov’s dogs salivate at the
prospect of killing, raping, pillaging,
and plundering which primitive mindset they have mistakenly been conditioned to
connect to their now irretrievably lost success as a nation state, and to the
contrary, has become globally and domestically self-destructive /
self-defeating. In so short a period of time, it is unlikely that Mr. Woodward
could do an incisive investigative piece as he’s become famed for; nor could he
reasonably be expected to have done so given the ‘breaking nature’ of the
story. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and
reeks of political desperation and Orwellian opportunism. Uncharacteristically,
and somewhat disingenuously, I’m not going to read Mr. Woodward’s article so
that I can continue to like Bob Woodward Redford.]
President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of these
other fellow nincompoops don’t; particularly about economics / finance, even
compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall street.
No, there is no modern day alchemy that spins worthless paper into gold except
fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke
stated, “the best way for the Federal Reserve to support the fundamental value
of the dollar in the medium term is to pursue our dual mandate of maximum
employment and price stability, and we will certainly do that.”
It is
instructive to take a look at the actual Federal Reserve goals, as well
Bernanke’s results in pursuing those goals.
Goals of
Monetary Policy
“The goals of
monetary policy are spelled out in the Federal Reserve Act, which specifies
that the Board of Governors and the Federal Open Market Committee should seek
‘to promote effectively the goals of maximum employment, stable prices, and
moderate long-term interest rates’. Stable prices in the long run are a
precondition for maximum sustainable output growth and employment as well as
moderate long-term interest rates.
When prices
are stable and believed likely to remain so, the prices of goods, services,
materials, and labor are undistorted by inflation and serve as clearer signals
and guides to the efficient allocation of resources and thus contribute to
higher standards of living. Moreover, stable prices foster saving and capital
formation, because when the risk of erosion of asset values resulting from
inflation—and the need to guard against such losses—are minimized, households
are encouraged to save more and businesses are encouraged to invest more.”
Let’s look at
the results of Bernanke’s economic “fine tuning” (using data from the St. Louis
Fed’s database, starting in February, 2006, through April 2011), and see if he
has successfully pursued this mandate.
Definition
of STABLE ( from
the Mirriam-Webster dictionary)
a :
firmly established : fixed , steadfast < stable opinions>
b :
not changing or fluctuating : unvarying <in
stable condition>
c :
permanent , enduring < stable civilizations>
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
…’
Greece:
Possibility of a Military Coup?
cryptogon | “… You could see a military coup. We’re talking
controlled order here and it has happened before in ‘74.”
Economy in Danger of Full Stall
Record-High
36% of Americans Lack Confidence in Banks Thirty-six percent of Americans
have “very little” or “no” confidence in U.S. banks — up from 30% last year and
the highest on record.
The State Of The Economy The
U.S. economy is like a rubber band that is being pulled in several different
directions at the same time. Everyone knows that at some point it is going to
snap, but nobody is quite sure exactly when it is going to happen.
Nigel
Farage Holds Funeral Procession For Euro In The Middle Of Brussels The
world’s premier euroskeptic, Nigel Farage, just held a funeral procession for
the Euro after Europe now has just 10 days left in which to save its battered
currency.
RIP
Euro, 1999-2011: Poisoned chalice for Greeks amid rage & anger The Euro
is dead and buried…. quite literally according to sceptics, who’ve held a mock
funeral for the ailing single currency in Brussels.
Cracks beneath the facade
Phil’s Favorites | Repercussions from a Greek default become
more significant when considering leverage and derivatives.
Greek rebel
lawmakers may block austerity Reuters | Conservative
opposition rejected on Sunday appeals from the government and senior European
Union politicians to do its duty and support the medium-term plan.
Spain’s
‘indignant’ launch new protest march AFP | Spain’s
“indignant” activists began their last and longest protest march on Saturday.
Max
Keiser And Sandeep Jaitly Explain Why Modern Economics Is “Rubbish” The
below attached interview between Max Keiser and Sandeep Jaitly provides a 3
minute, must watch glimpse into the basis of Austrian economics.
Silver-Coin
Sales Booming at Perth Mint Silver-coin sales from Australia’s Perth Mint,
which was founded in 1899 and processes all of the country’s bullion, have
surged to a record as buyers seek to protect their wealth with the metal known as
poor man’s gold.
Record-High
36% of Americans Lack Confidence in Banks Thirty-six percent of Americans
have “very little” or “no” confidence in U.S. banks — up from 30% last year and
the highest on record.
The State Of The Economy The
U.S. economy is like a rubber band that is being pulled in several different
directions at the same time. Everyone knows that at some point it is going to
snap, but nobody is quite sure exactly when it is going to happen.
Regulators shut small Georgia bank; 48th in 2011
Stocks
Cut Losses On Greek Deal Pipe Dream at Forbes Steve Schaefer ‘ A
Reuters report
Thursday afternoon said Greece has reached a deal with the European Union and
the International Monetary Fund on a new five-year austerity program, helping
Wall Street shed the bulk of its heavy losses Thursday afternoon, even though
such an agreement means little in the face of contentious debate within the
Greek government.
While a deal
with the EU and IMF on austerity clears the path for Greece to continue
receiving the bailout loans that are allowing it to meet its funding needs,
there is still a huge hurdle to clear in getting the deal through Greece’s
Parliament, no small task. After all, in just the past week Greek Prime
Minister George Papandreou has had to reorganize
his cabinet and face a confidence vote (which
he survived ).
(Update: Reuters reports
that Papandreou has his doubts about whether the draft legislation will pass
muster and opposition leader Antonis Samaras has maintained his refusal to
bless the plan.)
Thursday
morning, Barclays Capital head of research Larry Kantor said he expects an
eventual Greek restructuring in 2012. In the near-term, BarCap figures enough
will be done to kick the can down the road and allow for some recapitalization
of the European banking system. That of course depends on some austerity being
passed, which Kantor said “is far from assured, though we think it will
happen.” And even once such a package is passed it only buys time. Actually
fixing the fiscal condition of Greece is not something that can be solved in a
matter of weeks, or even months.
Thursday
afternoon’s report may just be the latest noise on the inexorable path toward
restructuring – after all, we have been talking about Greek debt for more than
a year at this point and have yet to see anything resembling a long-term
solution (See “Why
Euro Debt Matters” ) – but that didn’t stop investors to take the
opportunity to snap up battered stocks that had been languishing for much of
the session.
By the close
the major indexes were well off their lows, with the Nasdaq popping into positive
territory, up 18 points to 2,687, the Dow Jones industrial average down just 60
points at 12,050 and the S&P 500 off 4 points at 1,284. Earlier, the Dow
had lost more than 200 points.
Thursday’s
earlier slide was driven in part by the Obama Administration’s decision to tap
the U.S. Strategic Petroleum Reserve for some 30 million barrels of crude oil,
as part of a move by the International Energy Administration to stem the impact
of the production lost from Libya this year. That move hindered energy stocks,
with Exxon Mobil and Chevron the two biggest losers on the Dow as crude dropped
to $91.82 a barrel.
Meanwhile,
talks over the U.S. debt ceiling involving Vice President Biden collapsed
Thursday , with lawmakers calling for President Obama to take a more central
role in the negotiations.’
Federal Reserve
Secrets and Lies USA Watchdog | The Federal Reserve has
been a clandestine organization since its inception.
Spanish
Banks Hiding Over $70 Billion In Bad Real Estate Zero Hedge
| All in a day’s work for the Ponz.
CEO
pay vs. worker pay Corporations line up to block rules that would force
companies to disclose comparison data. (Washington Post) [ One thing’s been
glaringly true for quite some time: american ceo’s have been vastly overpaid
for what’s been clearly underperformance. Indeed, strategic thinking span’s
little more than the year-end bonus cycle, a predisposition not lost on
fraudulent wall street (exceptions are rare, ie., previously, past tense, Steve
Jobs/Apple, Jack Welch/GE, among a few others, worth every penny and more).
But, compared to their foreign counterparts, the only conclusion is that u.s.
ceo’s seem to excel in only one area; viz., how to get themselves paid. Results
count. What is, counts. What happened, counts. Pretending is no longer an
option. Reality counts! Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street
accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Technology rally? Defacto bankrupt
american technology is horrendous but great sizzle for the new fraud as in the
dotcom bust days. Then there’s the greasy b.s. new greecy b.s. factor. The rally into the close and
the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating long-term
economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--
Cracks beneath the facade
Phil’s Favorites | Repercussions from a Greek default become
more significant when considering leverage and derivatives.
National / World
War
crimes court issues arrest warrant for Gaddafi International Criminal Court
judges on Monday issued an arrest warrant for Libyan leader Moamer Kadhafi for
crimes against humanity, committed against opponents of his regime since
mid-February, a judge said.
Threat
of $100 Billion Hit if U.S. Top Rating Lost Investors in the US government
bond market could face losses of up to $100bn if the largest economy loses its
triple A rating, according to a research arm of McGraw-Hill, the parent of
Standard & Poor’s.
Obama
to step in on debt talks As
Biden-led talks break down, president plans to meet with key lawmakers next
week. (Washington Post) [ Oooooh! Bring
in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan!
After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it
seems like wobama’s got a lock on that ‘relationship with Mr. T; you know,
‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke
stated, “the best way for the Federal Reserve to support the fundamental value
of the dollar in the medium term is to pursue our dual mandate of maximum
employment and price stability, and we will certainly do that.”
It is
instructive to take a look at the actual Federal Reserve goals, as well
Bernanke’s results in pursuing those goals.
Goals of
Monetary Policy
“The goals of
monetary policy are spelled out in the Federal Reserve Act, which specifies
that the Board of Governors and the Federal Open Market Committee should seek
‘to promote effectively the goals of maximum employment, stable prices, and
moderate long-term interest rates’. Stable prices in the long run are a
precondition for maximum sustainable output growth and employment as well as
moderate long-term interest rates.
When prices
are stable and believed likely to remain so, the prices of goods, services,
materials, and labor are undistorted by inflation and serve as clearer signals
and guides to the efficient allocation of resources and thus contribute to
higher standards of living. Moreover, stable prices foster saving and capital
formation, because when the risk of erosion of asset values resulting from
inflation—and the need to guard against such losses—are minimized, households
are encouraged to save more and businesses are encouraged to invest more.”
Let’s look at
the results of Bernanke’s economic “fine tuning” (using data from the St. Louis
Fed’s database, starting in February, 2006, through April 2011), and see if he
has successfully pursued this mandate.
Definition
of STABLE ( from
the Mirriam-Webster dictionary)
a :
firmly established : fixed , steadfast < stable opinions>
b :
not changing or fluctuating : unvarying <in
stable condition>
c :
permanent , enduring < stable civilizations>
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
It is easy to
play with the weightings of the above prices, and see how individual budgets
would be impacted. Regardless of the method used to look at prices, it is
clear that Bernanke has not been successful at maintaining price stability
since taking over as Fed Chairman. Mandate not accomplished.
Maximum
or Full Employment
Finding a
strict definition of maximum employment is impossible. Many economist
give different estimates, ranging from 2%-7%. The standard unemployment
rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke
started. The more inclusive (realistic) U6 number stands at 15.8%, up 75%
in the same period. The Civilian Participation Rate has declined 2.87% to
64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be significantly
higher. While we can debate the meaning of the term maximum employment,
it is clear that the jobs data has deteriorated considerably since Bernanke
took the reins at the Fed. Mandate not accomplished.
Moderate
Interest Rates
While not
stated in Bernanke’s recent address, the Fed’s website also posts “moderate
interest rates” as a stated goal. While we cannot definitively say what
constitutes “moderate”, we do know that both short and long-term interest rates
are near all time lows. It is safe to assume that near record low rates
are not “moderate”. Further, when interest rates are artificially
held below the rate of economic growth,” financial repression” is
occurring. Many bright folks have commented on how the zero interest rate
policy (ZIRP) is destructive to savers and misallocates resources. It is
safe to say that this mandate has not been accomplished.
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
We will leave
it up to our readers to make their own conclusions.
Matt Marcewicz
& Robert Barone, Ph.D.
Matthew Marcewicz and Robert Barone are investment advisor
representatives with Ancora West Advisors LLC, Reno, Nev. ‘
Ron Paul’s
Anti-Fed Message Gains Respect For decades — and mostly from the margins —
Paul has held fast to his Libertarian message, giving him authenticity
TSA Defends Forcing Elederly Leukemia Patient to Remove
Diaper Kurt Nimmo | Removing dying woman’s adult
diaper “professional” and in accordance with “proper procedure,” according to
the TSA.
Banker
Occupation of Greece Stephen Lendman | Greece is
entrapped by foreign banker diktats demanding tribute.
Hillary Clinton Channels the Neocons Kurt
Nimmo | Opposition to illegal war puts you in the same category as
al-Qaeda.
Libya says NATO strikes kill 15 civilians; alliance
denies report CNN | NATO airstrikes hit a bakery
and a restaurant in the Libyan city of al-Brega Saturday, killing 15 civilians,
a Libyan government official told CNN.
Economy Expected to Have Major Slide in Months Ahead The
New York Times | Economists are ratcheting down their 2011 economic
forecasts to as little as half what they expected at the beginning of the year.
Report: Hugo Chavez in Critical Condition In Cuban
Hospital Fox News Latino | Hugo Chávez extended
stay in a Cuban hospital is because he is in critical condition, according to a
report in El Nuevo Herald.
The Alex Jones Show: The Mafia Government We Live Under The
Alex Jones Channel | Alex confronts the efforts of the corporatist and
bankster warmongers to take their destabilization campaign into Pakistan and
crank up the conflict in Libya.
TSA Defends Forcing Elederly Leukemia Patient to Remove
Diaper Kurt Nimmo | Removing dying woman’s adult
diaper “professional” and in accordance with “proper procedure,” according to
the TSA.
Banker
Occupation of Greece Stephen Lendman | Greece is
entrapped by foreign banker diktats demanding tribute.
Hillary Clinton Channels the Neocons Kurt
Nimmo | Opposition to illegal war puts you in the same category as
al-Qaeda.
Libya says NATO strikes kill 15 civilians; alliance
denies report CNN | NATO airstrikes hit a bakery
and a restaurant in the Libyan city of al-Brega Saturday, killing 15 civilians,
a Libyan government official told CNN.
Economy Expected to Have Major Slide in Months Ahead The
New York Times | Economists are ratcheting down their 2011 economic
forecasts to as little as half what they expected at the beginning of the year.
The Alex Jones Show: The Mafia Government We Live Under The
Alex Jones Channel | Alex confronts the efforts of the corporatist and
bankster warmongers to take their destabilization campaign into Pakistan and
crank up the conflict in Libya.
Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama
aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of
this nation, and add in the rest of the world to boot.
Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the
regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all,
pervasively corrupt, defacto bankrupt america is into the illegal drug trade in
a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo | The U.S. government has no intention of ending the
war and bringing home all of the troops.
Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of
destruction at home … yeah … it’s true … they haven’t the slightest idea what
they’re doing and no matter what or where, pervasively corrupt, defacto
bankrupt america’s touch is an invariably destructive, negative touch (‘nation
building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’,
regardless of spin, propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly:
Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... wobama’s
really got problems (you know, that unflinchingly loyal 18%). Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe Bryant’… Kobe Bryant China Kobe's team, in China , anyway… Sprite
China Kobe Bryant Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own
’yellow / red bamba’; viz., Yao Ming.) Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street
accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Human Rights Group: No Evidence Gaddafi Encouraged Troops
to Rape Kurt Nimmo | Propaganda reminiscent of
Kuwait incubator hoax used as propaganda in effort to get public behind
invasion of Libya in 1991.
Ron Paul Slams Absurd Libya War Powers Debate The
State Column | Paul told his colleagues that the limited funding bill
was not what it appeared to be.
Alex
Jones: Beyond The Box Paul Joseph Watson | Alex
Jones gives the keynote speech at the Talkers Magazine New Media Seminar, held
in New York City and attended by prominent media personalities as well as other
industry movers and shakers.
American in Tripoli: First Hand Account RT
| Investigative reporter Wayne Madsen, who spent some time in Libya,
shares his views on what’s really going on in the country.
PNAC-Reborn: Calling for Greater Libyan War Tony
Cartalucci | War criminals from the Foreign Policy Initiative implore
House Republicans to ignore the people & the Constitution for continued war
with Libya.
House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) … I want just one person with courage enough to stand
up and explain to all that these huge commissionable computerized trading
volumes like never before are a net negative in a very big way … that’s a fact
… that’s economic reality in real terms!
… Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Alex Jones Takes TSA Fight to Capitol Infowars.com
| Video from the state capitol in Austin, Texas, where anti-TSA groping
legislation is under consideration.
TSA Bill Replaced With Toothless Resolution? Paul
Joseph Watson | Having already been gutted, the anti-grope legislation
could be jettisoned for a meaningless recommendation that Congress take up the
issue.
Groping Bill Killed by Texas House Committee Kurt
Nimmo | The committee was scheduled to take up anti-molestation bill
Monday morning.
TSA Groping Bill Up For Vote In Texas Senate Monday Lone
Star Report | Simpson said there still remains much support — though
he doubts if Gov. Rick Perry truly wants the bill passed.
Ex-MI6 chief
altered Iraqi intelligence A top former British intelligence official had
misled the public about the former Iraqi regime’s weapons program to pave the
way for war, it is now revealed.
Israel plots ways to repel new Gaza
flotilla Hindustan Times - ’ israel's
security cabinet was to convene on Monday for a second day of discussions on
how to stave off an international flotilla intending to breach the naval
blockade of Gaza, local media said.’
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though
preoccupied at the time (1992) with other things (RICO and consequent
substantial pressure from various nefarious elements, mob, mob-connected /
controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’
by mainstream media critics who for the most’ ho-hummed’ the film as more of
the same conspiracy stuff the factual basis for which I was already familiar
with; and hence, disinclined to make any significant effort to view same. Boy,
were they and derivatively I wrong! I am totally astounded by the insightful
documentation in this film, so masterfully presented in cinematic form. If at
all, Stone seemed shy about presenting even reasonable inferences from facts so
strictly set forth. By leading with actual speech footage from who I believe to
have been america’s last great president / leader, the substantially underrated
President General Eisenhower who warned of the dangers inherent to the military
/ industrial complex, Stone set the tone for what I believe to have been the
most courageous and significant warning of the current national and global
crises confronting the nation and world today and the reasons therefore (his
negative exposés of wall street, inherent american criminality, W, etc.,
complement and support his theme while revealing his wide range, wisdom, and
talent). (I must say that I liked Ronald Reagan, as I’ve previously said I like
Robert Redford, as being very likeable guys - I’m also conservative, but not to
a fault – his rational approach and results with Gorbachev were his most
significant accomplishments. Parenthetically and coincidentally, I also saw for
the first time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked
that it was better than I could have possibly imagined and hardly the stuff
warranting the mocking he got for same on the political trail … do you think it
was just a foreboding of the nation’s current predicament with ‘wobama the b’
(for b***s***); and yes, I do have that ‘birther wobama family portrait’ on my
website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
October 15, 2010 (*see infra)
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action which
was illegally dismissed without any supporting law and in contravention of the
Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would apply and I would absent
resolution seek to refer the within to a firm with expertise in that area of
the law with which I am not familiar) .
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client. Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO
and the court (I had known / previously met outside of court the judge
Ackerman through a client) was absolute bedlam and a total joke since
incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. ]
FBI
trouble after Bulger’s capture? The
crime boss is said to have boasted of corrupting agents. If he talks, some
could live to regret it. (Washington Post) [ Wow! I knew the northeast
generally, jersey / new york particularly in terms of mob infestation /
infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively
thereby; but I’m now wondering about the stonewalling across the board
regarding the RICO matters [ I personally trust the FBI, and to be truthful,
really have no choice but to do so; moreover, I personally like the FBI … I
hope that’s not been a mistake and ultimately a personal flaw, respectively,
since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been
invariably the corrupting, corrupt, corruptible agents, including judicially
and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
The
ruthless Boston crime boss who spent 16 years on the lam is said to have
boasted that he corrupted six FBI agents and more than 20 police officers. If
he decides to talk, some of them could rue the day he was caught.
"They
are holding their breath, wondering what he could say," said Robert
Fitzpatrick, the former second-in-command of the Boston FBI office.
The
81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he
apparently had been living for most of the time he was a fugitive. He appeared
Friday afternoon inside a heavily guarded federal courthouse in Boston to
answer for his role in 19 murders.
Bulger,
wearing jeans and a white shirt, looked tan and fit and walked with a slight
hunch at back-to-back hearings on two indictments. He asked that a public
defender be appointed to represent him, but the government objected, citing the
$800,000 seized from his Southern California apartment and his "family
resources."
"We
think he has access to more cash," said prosecutor Brian Kelly.
At
the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge
Marianne Bowler asked him if he could afford to pay for an attorney.
"Well,
I could, if they would give me my money back," he replied in his
unmistakable Boston accent, prompting laughter in the courtroom.
Kelly
implied that Bulger's cash came from illegal activities.
"He
clearly didn't make that on a paper route on Santa Monica Boulevard," he
said.
Prosecutors
asked that Bulger be held without bail, saying he is danger to the community
and may try to threaten witnesses.
"He's
also, quite obviously, a risk of flight," Kelly said.
Kelly
also said Catherine Greig, Bulger's longtime girlfriend who was arrested with
him, told court officials that Bulger's brother may be willing to assist him in
posting bail.
Bulger
did not ask for a detention hearing, but his lawyer said he may later make an
argument that Bulger should be released on bail while awaiting trial.
The
amount of money found in Bulger's apartment confirmed a longheld belief by
investigators that he kept large stashes of cash for a life on the run.
"We
clearly don't think this is his last stash," Kelly said.
When
Bulger walked into the courtroom, he saw his brother William, the former
powerful leader of the state Senate, seated in the second row. Whitey Bulger
smiled at him and mouthed, "Hi." His brother smiled back.
Greig
appeared in court a few minutes later on charges of harboring a fugitive. She
asked for a hearing to determine whether she can be released on bail, and one
was scheduled for next week.
Bulger,
the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI
in scandal after he disappeared in 1995. It turned out that Bulger had been an
FBI informant for two decades, feeding the bureau information on the rival New
England Mafia, and that he fled after a retired Boston FBI agent tipped him off
that he was about to be indicted.
The
retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The
FBI depicted Connolly as a rogue agent, but Bulger associates described more
widespread corruption in testimony at Connolly's trial and in lawsuits filed by
the families of people allegedly killed by Bulger and his gang.
Kevin
Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash
for law enforcement officers at holiday time. "He used to say that
Christmas was for cops and kids," Weeks testified.
After
a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found
that more than a dozen FBI agents had broken the law or violated FBI
regulations.
Among
them was Connolly's former supervisor, John Morris, who admitted he took about
$7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen
"The Rifleman" Flemmi. Morris testified under a grant of immunity.
In
addition, Richard Schneiderhan, a former Massachusetts state police lieutenant,
was convicted of obstruction of justice and conspiracy for warning a Bulger
associate that the FBI had wiretapped the phones of Bulger's brothers.
Edward
J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that
Bulger will disclose new details about FBI corruption and how agents protected
him for so long.
"Whitey
was no fool. He knew he would get caught. I think he'll have more fun pulling
all those skeletons out of the closet," MacKenzie said. "I think
he'll start talking and he'll start taking people down."
A
spokesman for the Boston FBI did not return calls seeking comment. In the past,
the agency has said that a new generation of agents has replaced most or all of
the agents who worked in the Boston office while Bulger was an informant.
A
law enforcement official who requested anonymity because of the ongoing
investigation told The Associated Press on Friday that FBI agents lured Bulger
out of his., apartment earlier this week by telling him someone had broken into
his on-site storage unit. The official said Bulger walked out of the apartment,
was arrested without incident and consented to a search of the premises.
Some
law enforcement officials said they doubt Bulger will try to cut a deal with
prosecutors by exposing corruption, in part because he will almost certainly be
asked to reveal what contact he had with his brothers while he was a fugitive
and whether they helped him in any way.
"If
Bulger talks, he would have to talk about his brothers, and I can't see that
happening, said retired state police Detective Lt. Bob Long, who investigated
Bulger in the 1970s and '80s."They are not going to take selective
information from him — it's either full and complete cooperation or
nothing."
Criminal
defense attorney and former Drug Enforcement Administration agent Raymond
Mansolillo said Bulger may not have any incentive to talk. "The FBI may say,
'You're going to jail or you're going to be killed. We're not offering you
anything,'" said Mansolillo, who once represented New England crime figure
Luigi "Baby Shacks" Manocchio.
But
retired Massachusetts state police Maj. Tom Duffy, one of the lead investigators
in the Bulger case, said Bulger may agree to talk if he thinks it could help
his girlfriend.
"It's
very possible he's concerned about her well-being — she was with him for 16
years and was very loyal to him," Duffy said. "That may be a bargaining
chip for the government during negotiations."
The
question of whether Bulger will be given a public defender will be decided
later. A hearing was scheduled for Tuesday. He did not enter a plea.
Bulger
is "looking forward to facing the charges against him," said Peter
Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing
only.
Among
the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's
home turf of South Boston. "I'm here to see him get what he
deserves," she said.
Ina
Corcoran of suburban Braintree came on her day off to witness a piece of
history and sat on a bench outside the fifth-floor courtroom, saying it was
like being there to see Al Capone.
"If
you could go back in time to be in that courtroom, wouldn't you?" she
said.
___
Associated
Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson
in Miami and Greg Risling in Los Angeles contributed to this report.’
Trail
to bin Laden began with phone call (Washington Post) [ It’s truly difficult
not to like Mr. Woodward or not to receive well anything he reports on. After
all, having been played on the big screen by extremely likeable Robert Redford,
I’m constrained to say I myself am predisposed to liking Mr. Woodward
(Hoffman/Bernstein – not so much) and being thusly more receptive to what he
has to say (that ‘transfer aspect’ of ‘propaganda’ which I was fortunate to
have studied in sixth grade, the advanced reading group, courtesy of James
Bresnahan, undoubtedly the best teacher I’ve ever had, grade for grade – he
treated young people as more than just kids, with exposure to the great
classics, classical music, slides and insights from his wide-ranging world
travels, etc.). This is not to say Mr. Woodward should in any way be diminished
inasmuch as his substantial journalistic credentials and contributions speak
for themselves (particularly his recent piece, at great peril I believe, on the
ubiquity of high level security clearances in the Washington metro area).
Moreover, his contributions are invariably a welcomed positive for the great
paper, The Washington Post. Yet, Mr. Woodward was a ‘navy man’, after all; and,
I can’t help but think, with all the scripted, staged hoopla surrounding the
Bin Laden affair, his ‘gorge rises at it’. Indeed, 911 itself; that ‘pearl
harbor event’ so sought by the neo-cons / war mongerers still defies
explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge
by some {who conveniently ‘missed the party’ that day}, etc.. Some links,
echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. Additionally, people
must remain attuned to the reality that though
having but 5% of the world’s population, america can boast 76% of the world’s
serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime
rates in the world by far. That perverse field of dreams I’ve previously
alluded to, the american nightmare, if you build / contrive war, they will
come. And, they do; seals of them (among others); and when their ‘tours’ are
done, it’s murder inc./contract killing for hire that they’ve won (cia, mob,
etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred
to as the american century, brings longings of nostalgia to american criminals
who, like Pavlov’s dogs salivate at the
prospect of killing, raping, pillaging,
and plundering which primitive mindset they have mistakenly been conditioned to
connect to their now irretrievably lost success as a nation state, and to the
contrary, has become globally and domestically self-destructive /
self-defeating. In so short a period of time, it is unlikely that Mr. Woodward
could do an incisive investigative piece as he’s become famed for; nor could he
reasonably be expected to have done so given the ‘breaking nature’ of the
story. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and
reeks of political desperation and Orwellian opportunism. Uncharacteristically,
and somewhat disingenuously, I’m not going to read Mr. Woodward’s article so
that I can continue to like Bob Woodward Redford.]
Week
Ahead: Fireworks Coming Early? at Forbes
Top
3 Reasons Markets Were Down After Tech and Gold Slumped Wall St.
Cheat Sheet June 24, 2011, Markets closed
down on Wall Street: Dow -0.96% , S&P -1.17% , Nasdaq -1.26% , Oil +0.24%,
Gold -1.32% .
On the
commodities front, Oil (NYSE:USO ) recovered slightly, up to $91.24 a barrel after
yesterday’s $4 drop. Precious metals were down again today with Gold (NYSE:GLD ) closing at $1,500.50, a drop of $23 from
yesterday, and Silver (NYSE:SLV ) is down 2.36% to $34.19.
Today’s
markets were down because:
1) Tech slump.
Both Oracle (NASDAQ:ORCL ) and Micron Technology (NASDAQ:MU ) suffered huge
losses in the market today , weighing heavily on tech stocks. The Nasdaq
Composite, up 0.66% yesterday is down 1.16% today. Tech was also the worst
performer of the 10 sectors on the S&P 500. Blue chips were dragged down as
well by the Dow’s tech members like Microsoft (NASDAQ:MSFT ), Intel (NASDAQ:INTC ), and Cisco (NASDAQ:CSCO ). All in all it was a terrible day for tech (NYSE:XLK ).
2) Italy might
be the new Greece. Also Ireland, Portugal, and maybe Spain (NYSE:EWP ). Really no one’s being left out of the party.
After Moody’s put 12
Italian government-related financial institutions on review for possible
downgrade, people are worried that it might be too late to contain Greece’s
debt woes — they may have already contaminated other borderline economies.
Spanish and Italian bond yields are up, with Spain’s 10-year bond reaching its
highest level since 2000. And Italy (NYSE:EWI ) has a national debt that totals 120% of GDP, a
figure that seems unlikely to improve considering long-term structural weaknesses
and low productivity. Greece may only be the first domino to fall.
3) Positive
economic data? The latest GDP
report came out this morning and the figures were better than previous
estimations, showing durable goods rose more than expected in May after
suffering a 2.7% decline in April. But the report couldn’t have come out at a
worse time, overshadowed by today’s tech losses and renewed fears in Europe, as
well as still-low crude futures and plummeting oil-related stocks…’
Regulators shut small Georgia bank; 48th in 2011
Stocks
Cut Losses On Greek Deal Pipe Dream at Forbes Steve Schaefer ‘ A
Reuters report
Thursday afternoon said Greece has reached a deal with the European Union and
the International Monetary Fund on a new five-year austerity program, helping
Wall Street shed the bulk of its heavy losses Thursday afternoon, even though
such an agreement means little in the face of contentious debate within the
Greek government.
While a deal
with the EU and IMF on austerity clears the path for Greece to continue
receiving the bailout loans that are allowing it to meet its funding needs,
there is still a huge hurdle to clear in getting the deal through Greece’s
Parliament, no small task. After all, in just the past week Greek Prime
Minister George Papandreou has had to reorganize
his cabinet and face a confidence vote (which
he survived ).
(Update: Reuters reports
that Papandreou has his doubts about whether the draft legislation will pass
muster and opposition leader Antonis Samaras has maintained his refusal to
bless the plan.)
Thursday
morning, Barclays Capital head of research Larry Kantor said he expects an
eventual Greek restructuring in 2012. In the near-term, BarCap figures enough
will be done to kick the can down the road and allow for some recapitalization
of the European banking system. That of course depends on some austerity being
passed, which Kantor said “is far from assured, though we think it will
happen.” And even once such a package is passed it only buys time. Actually
fixing the fiscal condition of Greece is not something that can be solved in a
matter of weeks, or even months.
Thursday
afternoon’s report may just be the latest noise on the inexorable path toward
restructuring – after all, we have been talking about Greek debt for more than
a year at this point and have yet to see anything resembling a long-term
solution (See “Why
Euro Debt Matters” ) – but that didn’t stop investors to take the
opportunity to snap up battered stocks that had been languishing for much of
the session.
By the close
the major indexes were well off their lows, with the Nasdaq popping into
positive territory, up 18 points to 2,687, the Dow Jones industrial average
down just 60 points at 12,050 and the S&P 500 off 4 points at 1,284.
Earlier, the Dow had lost more than 200 points.
Thursday’s
earlier slide was driven in part by the Obama Administration’s decision to tap
the U.S. Strategic Petroleum Reserve for some 30 million barrels of crude oil,
as part of a move by the International Energy Administration to stem the impact
of the production lost from Libya this year. That move hindered energy stocks,
with Exxon Mobil and Chevron the two biggest losers on the Dow as crude dropped
to $91.82 a barrel.
Meanwhile,
talks over the U.S. debt ceiling involving Vice President Biden collapsed
Thursday , with lawmakers calling for President Obama to take a more central
role in the negotiations.’
Was Bernanke's Speech the last Nail in the Coffin? Maierhofer, June 24, 2011 The more FOMC meetings go by, the more they
remind me of cotton candy.
Every meeting
gets hyped up and whets your appetite for solid tidbits of financial guidance,
yet every FOMC meeting leaves me unfulfilled and unsatisfied, just like cotton
candy. There's much fluff but no substance.
For what it's
worth, lets dissect some of Bernanke's statements and its implications for
stocks. More importantly, we'll take a look at what the stock market has said
and will say, and how this matches up to technical analysis. You may be
surprised just how accurate the market's subtle signals have been.
About QE3
Bernanke said
that a new asset purchase program (something like QE3) won't be discussed for
at least another two to three FOMC meetings (the next FOMC meetings are
scheduled for August 9, September 20, November 1, 2).
He added that
the economy is in a different position today than it was last year.
Interestingly, he specifically noted that today's situation is just that,
different, but not where they'd like it to be. In other words, no QE3 is needed
right now.
About
Banks
Bernanke
didn't specifically talk about bank's health, but mentioned this: 'We don't
have a precise read on why this slower pace of growth is persisting. Maybe some
of the headwinds like weakness in the financial sector ... are stronger than we
thought.'
It seems like
Sherlock hit the head on the nail there. Of the 7,574 federal insured banks,
11.7% are on the FDIC's problem list. It is not surprising that the financial
sector ETFs trade below their 200-day moving average.
About GDP
The 2011 Gross
Domestic Product (GDP) forecast was cut to a range of 2.7% - 2.9% from a prior
range of 3.1% - 3.3%. 2012 GDP has been revised to a range of 3.3% - 3.7% from
3.5% - 4.2%.
Keep in mind
that government spending accounts for 26% of GDP. Furthermore, GDP does not
distinguish how government spending is financed. Yes, all the government
spending that has brought the country to the brink of insolvency is reflected
in GDP. It's time to rethink using GDP as the ultimate economic growth
indicator.
About
Treasuries
There's much
speculation about the future direction of long-term Treasuries. I could add my
own two cents to the mix, but quite frankly at this point there is no high
probability set up.
However, I see
that 30-Year Treasuries are above the 50 and 200-day moving average and barely
above the 20-day MA. But Treasuries are also below a trend line that has
rejected all advances for over 3-months.
Any major move
will either have to break below the 20-day MA or above the trend line. Knowing
this allows us to formulate high probability trading strategies (detailed
analysis on TLT and Treasury available via the ETF Profit Strategy Newsletter).
About
Europe
Here's how
Bernanke summed up the situation in Europe: 'Failure to resolve the Greek
situation would pose threats to European and global financial systems and
European political unity. It's one of several potential financials risks we are
facing.' Does Benny B. think the European debt situations is worse than the
media leads us to believe?
About the
only Authority
There are many
opinions about what stocks (NYSEArca: TMW - News ) may or may not, or should
or should not do. But none of that matters, because the final and only
authority is the market itself. That's why it makes sense to listen to the
market and to the market only.
The chart
below lists various support/resistance levels for the S&P 500 (SNP: ^GSPC).
To keep it simple, I've omitted various weekly and monthly pivots. It's
important to note that we don't draw trend lines or Fibonacci levels, the
market does. We simply connect the dots. It doesn't matter if you analyze the
S&P, the Dow Jones (DJI: ^DJI), the Nasdaq (Nasdaq: ^IXIC) or the Russell
2000 (NYSEArca: IWM - News ).
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2023%2011.gif
In hindsight
it's always easy to interpret why the market did what. Let's take a look at
what the ETF Profit Strategy Newsletter said about the various
support/resistance levels shown in the chart BEFORE the S&P encountered
them.
April 3, about
S&P 1,369: 'There is strong Fibonacci resistance at 1,369. In terms of
resistance levels, the 1,369 - 1,xxx range is a strong candidate for a reversal
of potentially historic proportions.'
May 3, about
S&P 1,369: Recommendation to short the S&P against 1,369 with a tight
stop-loss. The S&P topped the very next day at 1,370 and tumbled over 110
points thereafter.
June 5, about
S&P 1,298: 'A close below 1,298 would open the door for a retest of the
important 1,255 Fibonacci level. Anyone who is not short but wants to be may
take a short position if the S&P moves below 1,298 with a stop-loss at
1,304.' The very next day the S&P sliced through 1,298 support and fell as
low as 1,258.
June 15, about
S&P 1,259: 'The 200-day SMA at 1,257 is sandwiched between the 1,255
Fibonacci projection level dating back to 2002 and this week's s1 at 1,259.
Wednesday's low was at 1,261.9. If this low is not enough, there is a strong
cluster of support at 1,259 - 1,245. A drop into the 1,259 - 1,245 range would
prompt us to close out short positions and leg into long positions.'
The next day
the S&P bottomed at 1,258 and rallied as high as 1,298.
June 21, about
S&P 1,298: The S&P triggered a bearish low-risk entry. The
recommendation was to go short with a stop-loss at 1,299. If you enjoy more
technical lingo, here is the original trade tip:
'The trade
based on percentR is to go short with a stop-loss (based on closing prices) at
today's high (1,297.62). Because of the close proximity to the Fib level at
1,298.5, let's put the stop-loss at 1,299.'
Leading up to
Bernanke's speech, the S&P traded as high as 1,298.61 and faded away.
June 22, about
new lows: 'There is only one support level between yesterday's close and the
200-day SMA at 1,262. If the market is going to drop that far, it will probably
take out the 1,259 low and minimally test the 1,255 Fibonacci support or the
1,250 trend line.'
Cotton
Candy or the Real Deal
There is no
doubt that QE2 has altered the performance of stocks. The absence of QE2 will
probably alter their performance as well…’
AT&T
Gave $500k to House Democrats Pushing The T-Mobile Takeover
Why Are Food
Prices Rising So Fast? If you do
much grocery shopping, you have probably noticed that the cost of food has been
rising at a very brisk pace over the past year. So why are food prices rising
so fast?
How Greece is Mocking the Rest of the World Maierhofer ‘
… The next few paragraphs will be a walk down memory lane and show how Greece
went from an A1 rating (by Moody's) and a $3 billion deficit reduction effort,
to the most unstable country in Europe and a $146 billion bailout.
As you read
the progression of headlines, ask yourself whether you will believe any future
information spoon-fed by the media and/or government administrations.
It all started
in June 2009. On June 23, Greece's finance minister Yannis Papathanassiou
stated: 'The rate of growth for the Greek economy in 2009 is expected to slow
more than forecasted. Specifically, it will range around zero and only return
to growth in 2010.' The disclosed budget deficit at the time was $3.1 billion.
On October 22,
2009, Fitch lowered Greece's rating from A to A-. On October 30, Moody's placed
Greece's A1 rating on review for a possible downgrade. So far it all sounds
pretty innocent. The rest of the story is described simply in headlines:
December 17,
2009: 'Greek woes hit Euro'
December 21:
2009: 'ECB member says no bailouts for Greece'
January 18:
'Two EU ministers: No bailout for Greece'
January 19:
'Greece tackles statistics trouble' (hmm, the numbers just didn't add up
despite all the financial alchemy)
February 9,
2010: 'Bulls run on Greece news' (over rumors about a bailout)
February 11,
2010: 'European Union throws a big fat Greek bailout'
February 22,
2010: 'Debtors bet Greece won't spill'
February 27,
2010: 'Athens, Berlin spar as bailout takes shape (talks about $41 billion)
March 4, 2010:
'Is Greece's crisis over?'
April 24,
2010: 'Greece asks for $60 billion bailout'
April 27,
2010: 'Greece contagion fears unfounded'
May 3, 2010:
'Greece gets $146 billion rescue'
May 3, 2010:
'Wall Street up sharply on data, Greece package'
May 8, 2010:
'Stocks tumble on faulty quotes, Greek concerns'
June 14, 2010:
'Greece's government bond ratings cut to junk by Moody's
July 5, 2010:
'Greece upbeat on bid to exit from crisis'
December 17,
2010: 'IMF approves $3.3 billion for Greece amid impressive fiscal adjustment'
…’
J.D. Power: Best new cars
Federal
Reserve Shipped Billions to Iraq Which Were Then Stolen Washington’s
Blog | The Federal Reserve has been involved in other unsavory
activities as well, such as loaning billions to Gaddaffi.
Jobless claims
rise more than expected Reuters | Little improvement in
the labor market this month after employment stumbled in May.
RIP
Euro, 1999-2011: Poisoned chalice for Greeks amid rage & anger The Euro
is dead and buried…. quite literally according to sceptics, who’ve held a mock
funeral for the ailing single currency in Brussels.
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) … I want just one person with courage enough to stand
up and explain to all that these huge commissionable computerized trading
volumes like never before are a net negative in a very big way … that’s a fact
… that’s economic reality in real terms!
… Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
U.S.,
allies to release 60M barrels of oil Effort hopes to cut fuel price and
jolt the stalling economic recovery. (Washington Post) [ Ah, riiiiight! The
next new gimmick, shill talking point for fraudulent wall street and administrations
worldwide and particularly america to pretend they’re doing something of
consequence. Though peak oil has been reached (and hence the current moves are
meaningless as regards that reality, and even detrimental, longer term), the
fact is there’s really no current shortage per se. Just another meaningless
b.s. talking point to divert attention from the much worse than expected
economic / financial data / reports / news.
Stocks
Cut Losses On Greek Deal Pipe Dream at Forbes Steve Schaefer ‘ A
Reuters report
Thursday afternoon said Greece has reached a deal with the European Union and
the International Monetary Fund on a new five-year austerity program, helping
Wall Street shed the bulk of its heavy losses Thursday afternoon, even though
such an agreement means little in the face of contentious debate within the
Greek government.
While a deal
with the EU and IMF on austerity clears the path for Greece to continue
receiving the bailout loans that are allowing it to meet its funding needs,
there is still a huge hurdle to clear in getting the deal through Greece’s
Parliament, no small task. After all, in just the past week Greek Prime
Minister George Papandreou has had to reorganize
his cabinet and face a confidence vote (which
he survived ).
(Update: Reuters reports
that Papandreou has his doubts about whether the draft legislation will pass
muster and opposition leader Antonis Samaras has maintained his refusal to
bless the plan.)
Thursday
morning, Barclays Capital head of research Larry Kantor said he expects an
eventual Greek restructuring in 2012. In the near-term, BarCap figures enough
will be done to kick the can down the road and allow for some recapitalization
of the European banking system. That of course depends on some austerity being
passed, which Kantor said “is far from assured, though we think it will
happen.” And even once such a package is passed it only buys time. Actually
fixing the fiscal condition of Greece is not something that can be solved in a
matter of weeks, or even months.
Thursday
afternoon’s report may just be the latest noise on the inexorable path toward
restructuring – after all, we have been talking about Greek debt for more than
a year at this point and have yet to see anything resembling a long-term
solution (See “Why
Euro Debt Matters” ) – but that didn’t stop investors to take the
opportunity to snap up battered stocks that had been languishing for much of
the session.
By the close
the major indexes were well off their lows, with the Nasdaq popping into
positive territory, up 18 points to 2,687, the Dow Jones industrial average
down just 60 points at 12,050 and the S&P 500 off 4 points at 1,284.
Earlier, the Dow had lost more than 200 points.
Thursday’s
earlier slide was driven in part by the Obama Administration’s decision to tap
the U.S. Strategic Petroleum Reserve for some 30 million barrels of crude oil,
as part of a move by the International Energy Administration to stem the impact
of the production lost from Libya this year. That move hindered energy stocks,
with Exxon Mobil and Chevron the two biggest losers on the Dow as crude dropped
to $91.82 a barrel.
Meanwhile,
talks over the U.S. debt ceiling involving Vice President Biden collapsed
Thursday , with lawmakers calling for President Obama to take a more central
role in the negotiations.’
STOCKS
MAKE INCREDIBLE COMEBACK AFTER HUGE PILE OF BAD NEWS: Here's What You Need To
Know Business Insider [ You need to know that the bad news is at
least reality and probably worse, and that tomorrow, etc., the b***s*** spurring rally will still be b***s***! ]
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed !
Geithner:
Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’ Treasury
Secretary Timothy Geithner told the House Small Business Committee on Wednesday
that the Obama administration believes taxes on small business must increase so
the administration does not have to “shrink the overall size of government
programs.”
ECONOMIC CRISIS ARCHIVE
National / World
Texas Lawmakers AWOL For Vote On TSA Groping Bill Paul
Joseph Watson | More dirty tricks by feds who previously intimidated
Senators with threats of federal blockade?
House Rejects Resolution Authorizing U.S. Mission in
Libya NYT | The House on Friday resoundingly
rejected a measure that would have authorized the United States’ mission in
Libya.
Pentagon Moves to Expand War in Pakistan Kurt
Nimmo | U.S. claims Pakistan is crawling with al-Qaeda as it moves to
intensify conflicts in the lead-up to World War 3.
Perry Supporter Claims Alex Jones Works For Obama Paul
Joseph Watson | In accusing Infowars of being an Obama propaganda
front to disseminate conspiracy theories about Rick Perry, Dallas Blog writer
Tom McGregor invents the most ludicrous conspiracy theory of them all.
Al Gore, Agenda 21 And Population Control The
American Dream | Imagine going to sleep one night and waking up many
years later in a totally different world.
GOP
demands meeting with Obama on taxes
Congressional Republicans abruptly pulled out of debt-reduction talks
with the White House after seven weeks of negotiations. (Washington Post) [
Ooooh! The lines in the sand are drawn … a principled stand we see … what total
b***s*** … all of them … democrats / republicans … for the sake of whom? … the
frauds on wall street … I want just one person with courage enough to stand up
and explain to all that these huge commissionable computerized trading volumes
like never before are a net negative in a very big way … that’s a fact … that’s
economic reality in real terms … then explain in cogent, fact-based fashion
beyond the war mongering rhetoric how the trillions spent on these contrived
and illegal (ie., Iraq, etc.) wars are worth the trillions spent bankrupting
this nation and spilling innocent blood and including as well, the blood of
u.s. soldiers. Then explain how the frauds on wall street by the biggest frauds
remain unprosecuted. Pathetic! Truly pathetic!
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! They’ve
used the contrived mideast turmoil and their wars to obfuscate and divert
attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones
FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ) .
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Permanent
U.S. Iraq and Afghanistan Occupations Planned Stephen Lendman
| In total, known Pentagon bases way exceed 1,000.
The Plan to Destabilize
Syria Thierry Meyssan | Efforts to overthrow the Syrian
government have a lot in common with what has been undertaken in Libya.
US
official urges ‘immediate’ power transfer in Yemen AFP |
Top US official Jeffrey Feltman called Thursday for an “immediate” transfer of
power in Yemen.
Drone
Airplane Crashes Into Roof Of Damaged Fukushima Reactor #2 Fukushima, which
has yet to be wrapped up into the world’s most surreal Christo project, has now
entered the realm of the sitcom farce.
Mexican
troops cross into the United States A convoy of three military trucks
loaded with Mexican soldiers crosses the border at Bridge Number Two clearly
violating international law.
Pentagon
Moves to Expand War in Pakistan Now that Obama will go into the silly
season of American presidential politics claiming he ended the occupation of
Afghanistan, it is time for the Pentagon to get serious about its effort to
destabilize Pakistan and prepare for the next world war.
Perry
Supporter Claims Alex Jones Works For Obama Following our exposé of
potential Republican presidential candidate Rick Perry’s globalist leanings,
several neo-con news outlets reacted with a mixture of contempt, fury and in
one case, outright frothing idiocy, by claiming that Alex Jones and Infowars
were fully paid-up propagandists for the Obama 2012 re-election campaign.
Obama’s
Drawdown Speech: More Orwellian Lies Obama begins his speech by claiming
Osama bin Laden and al-Qaeda attacked the United States on September 11, 2001. Like
his predecessor, the government, and the corporate media, he does not offer any
evidence but simply states it as fact.
The War President Barack Obama,
once hailed as the anti-war president, was awarded the Nobel Peace Prize
for—supposedly—his extraordinary efforts to strengthen international diplomacy
and cooperation between people.
Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the regional
proximity to oil and an american induced resurgent poppy / heroin production /
trade (the Taliban had all but eradicated same). After all, pervasively
corrupt, defacto bankrupt america is into the illegal drug trade in a very big
way. Obama’s Drawdown Speech: More Orwellian Lies Kurt
Nimmo | The U.S. government has no intention of ending the war and bringing
home all of the troops. Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of
destruction at home … yeah … it’s true … they haven’t the slightest idea what
they’re doing and no matter what or where, pervasively corrupt, defacto
bankrupt america’s touch is an invariably destructive, negative touch (‘nation
building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’,
regardless of spin, propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe Bryant’… Kobe Bryant China Kobe's team, in China , anyway… Sprite
China Kobe Bryant Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own
’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems (you know,
that unflinchingly loyal 18%). Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
World
War III Defined: Wider War Unfolding in Middle East It’s time to identify
the unfolding Middle East crisis for what it is– a wider world war. Alex Jones
analyzes the more than nine years of expanding middle east conflict since 9/11,
with the U.S. now engaging in 5 simultaneous proxy wars including Iraq,
Afghanistan, Libya, Pakistan and Yemen.
What
else is radical in Pakistan Expressing pro-America sentiments requires a
degree of boldness that verges on a death wish. (Washington Post) [ And believe
it, not just Pakistan. After all, empathy / ability to empathize is what
supposedly in large part separates humans from other purportedly lower animals.
What would be the attitude of an american in america to a similarly
destructive, murderous force from abroad in america, you know, boots on the
ground as well as bombing (and not that contrived ‘pearl harbor event’ on 911
for the sake of the military industrial complex, israel, and neocon talking
points – who gave that stand-down order)? Indeed, this would be untenable
position for any foreign nation much less the pervasively corrupt, high crimes,
war crimes, meaningfully lawless nation in decline and fall america has become.
After all, america’s hardly the shining beacon of light in the world today as
viewed domestically as well as internationally, and infra, america has the
crime stats to prove it. Then there’s the defacto bankruptcy of america which
is lost on no one and no nation. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature.. Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline, fall.
.. Orwellian approach fostered by the purveyors of global unrest; viz., israel,
america, Orwellian england, etc.;more specifically, diversion of the masses
from the glaring failures, economic and otherwise.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
U.S.
Senate investigates claim CIA tried to smear U-M prof NIRAJ WARIKOO
| “Depending on what we find, we may take further action,” said Dianne
Feinstein.
Nicolas
Sarkozy accuses Robert Gates of ‘bitterness’ The Telegraph
| Gates criticized European allies for the reliance on the US military, warning
them that they were putting Nato’s future at risk.
Mob boss brought back to Boston; will
he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey" Bulger's capture could
cause a world of trouble inside the FBI.
The
ruthless Boston crime boss who spent 16 years on the lam is said to have
boasted that he corrupted six FBI agents and more than 20 police officers. If
he decides to talk, some of them could rue the day he was caught.
"They
are holding their breath, wondering what he could say," said Robert
Fitzpatrick, the former second-in-command of the Boston FBI office.
The
81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he
apparently had been living for most of the time he was a fugitive. He appeared
Friday afternoon inside a heavily guarded federal courthouse in Boston to
answer for his role in 19 murders.
Bulger,
wearing jeans and a white shirt, looked tan and fit and walked with a slight
hunch at back-to-back hearings on two indictments. He asked that a public
defender be appointed to represent him, but the government objected, citing the
$800,000 seized from his Southern California apartment and his "family
resources."
"We
think he has access to more cash," said prosecutor Brian Kelly.
At
the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge
Marianne Bowler asked him if he could afford to pay for an attorney.
"Well,
I could, if they would give me my money back," he replied in his
unmistakable Boston accent, prompting laughter in the courtroom.
Kelly
implied that Bulger's cash came from illegal activities.
"He
clearly didn't make that on a paper route on Santa Monica Boulevard," he
said.
Prosecutors
asked that Bulger be held without bail, saying he is danger to the community
and may try to threaten witnesses.
"He's
also, quite obviously, a risk of flight," Kelly said.
Kelly
also said Catherine Greig, Bulger's longtime girlfriend who was arrested with
him, told court officials that Bulger's brother may be willing to assist him in
posting bail.
Bulger
did not ask for a detention hearing, but his lawyer said he may later make an
argument that Bulger should be released on bail while awaiting trial.
The
amount of money found in Bulger's apartment confirmed a longheld belief by
investigators that he kept large stashes of cash for a life on the run.
"We
clearly don't think this is his last stash," Kelly said.
When
Bulger walked into the courtroom, he saw his brother William, the former
powerful leader of the state Senate, seated in the second row. Whitey Bulger
smiled at him and mouthed, "Hi." His brother smiled back.
Greig
appeared in court a few minutes later on charges of harboring a fugitive. She
asked for a hearing to determine whether she can be released on bail, and one
was scheduled for next week.
Bulger,
the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI
in scandal after he disappeared in 1995. It turned out that Bulger had been an
FBI informant for two decades, feeding the bureau information on the rival New
England Mafia, and that he fled after a retired Boston FBI agent tipped him off
that he was about to be indicted.
The
retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The
FBI depicted Connolly as a rogue agent, but Bulger associates described more
widespread corruption in testimony at Connolly's trial and in lawsuits filed by
the families of people allegedly killed by Bulger and his gang.
Kevin
Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash
for law enforcement officers at holiday time. "He used to say that
Christmas was for cops and kids," Weeks testified.
After
a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found
that more than a dozen FBI agents had broken the law or violated FBI
regulations.
Among
them was Connolly's former supervisor, John Morris, who admitted he took about
$7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen
"The Rifleman" Flemmi. Morris testified under a grant of immunity.
In
addition, Richard Schneiderhan, a former Massachusetts state police lieutenant,
was convicted of obstruction of justice and conspiracy for warning a Bulger
associate that the FBI had wiretapped the phones of Bulger's brothers.
Edward
J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that
Bulger will disclose new details about FBI corruption and how agents protected
him for so long.
"Whitey
was no fool. He knew he would get caught. I think he'll have more fun pulling
all those skeletons out of the closet," MacKenzie said. "I think
he'll start talking and he'll start taking people down."
A
spokesman for the Boston FBI did not return calls seeking comment. In the past,
the agency has said that a new generation of agents has replaced most or all of
the agents who worked in the Boston office while Bulger was an informant.
A
law enforcement official who requested anonymity because of the ongoing
investigation told The Associated Press on Friday that FBI agents lured Bulger
out of his., apartment earlier this week by telling him someone had broken into
his on-site storage unit. The official said Bulger walked out of the apartment,
was arrested without incident and consented to a search of the premises.
Some
law enforcement officials said they doubt Bulger will try to cut a deal with
prosecutors by exposing corruption, in part because he will almost certainly be
asked to reveal what contact he had with his brothers while he was a fugitive
and whether they helped him in any way.
"If
Bulger talks, he would have to talk about his brothers, and I can't see that
happening, said retired state police Detective Lt. Bob Long, who investigated
Bulger in the 1970s and '80s."They are not going to take selective
information from him — it's either full and complete cooperation or
nothing."
Criminal
defense attorney and former Drug Enforcement Administration agent Raymond
Mansolillo said Bulger may not have any incentive to talk. "The FBI may
say, 'You're going to jail or you're going to be killed. We're not offering you
anything,'" said Mansolillo, who once represented New England crime figure
Luigi "Baby Shacks" Manocchio.
But
retired Massachusetts state police Maj. Tom Duffy, one of the lead
investigators in the Bulger case, said Bulger may agree to talk if he thinks it
could help his girlfriend.
"It's
very possible he's concerned about her well-being — she was with him for 16
years and was very loyal to him," Duffy said. "That may be a
bargaining chip for the government during negotiations."
The
question of whether Bulger will be given a public defender will be decided
later. A hearing was scheduled for Tuesday. He did not enter a plea.
Bulger
is "looking forward to facing the charges against him," said Peter
Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing
only.
Among
the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's
home turf of South Boston. "I'm here to see him get what he
deserves," she said.
Ina
Corcoran of suburban Braintree came on her day off to witness a piece of
history and sat on a bench outside the fifth-floor courtroom, saying it was
like being there to see Al Capone.
"If
you could go back in time to be in that courtroom, wouldn't you?" she
said.
___
Associated
Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson
in Miami and Greg Risling in Los Angeles contributed to this report.’
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'...
JOBLESS
WEAK: 429,000... ...disappointed Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE
NEW 'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day!
DOWN TO
THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE... DEM
FIX: MORE SPENDING! Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA... 66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF... ANGER
IN ATHENS... 'BLACK
HOLE'...
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ]
Census:
Whites lose majority among babies... German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears... Princess
Diana Conspiracy Movie Headed to Theaters...
]
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
... Michelle Obama Admits: 'Fortunately, We Have Help From The Media'... CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'... Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS... Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge... Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs
of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt
of Diana for having brought the son of her bosom, Chas, down. Do I think she
said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was
his mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ]
STOCKS
MAKE INCREDIBLE COMEBACK AFTER HUGE PILE OF BAD NEWS: Here's What You Need To
Know Business Insider [ You need to know that the bad news is at
least reality and probably worse, and that tomorrow, etc., the b***s*** spurring rally will still be b***s***! ]
Joe Weisenthal, On Thursday June 23, 2011, 4:00 pm EDT
It could have
been a real disaster today!
But first, the
scoreboard:
Dow: -53.16
And now, the
top stories:
(Meanwhile, PMI data in both China and Europe
was bad)
In the US, there were more unhelpful headlines.
Initial claims were ugly. The Chicago Fed index was mediocre, and the big
one: The debt ceiling negotiations have collapsed
At 9:00 AM ET, the IEA dropped a huge shocker
Early on, the Dow was down 200 points.
And yet... the markets were amazingly resilient.
The NASDAQ actually closed green on a big rally in tech. Apple, which has
been laggy lately, was a big gainer. The Russell 2000 had a shockingly
strong day as well.
Late in the day: Markets caught a bid on news
that the Greek government had agreed to a deal on austerity
with the EU, but it really isn't that important, since the real hurdle is
the austerity voting. Still, it helped ease the pain a little bit.
Financial sector layoffs rise, more cuts ahead (Reuters)
Losing Another Decade Bill Bonner ‘Great Speculations Buys, holds, and hopes An
article in The Financial Times tells Americans they may face a “lost
decade,” like the Japanese in the ’90s…Energy use in the US peaked in 1997.
Real US GDP peaked a few years later. Since then, it’s been downhill for the
economy.From memory…US GPD didn’t hit 10 trillion dollars until about 2000.
Now, it’s about $14 trillion. Nice growth, huh? But wait. We know that a lot of
that was phony, debt-fueled growth. It was phony because it raised living
standards to a level that people couldn’t really afford. Or to look at it
another way, it drew on earnings that hadn’t happened yet…and maybe never
would. But how much of that $4 trillion worth of GDP is real and how much is
phony? We don’t know. But we note that the federal deficit is about $1.5
trillion, which is as phony as a $3 bill. Subtract that and you have a gain of
$3.5 trillion over 10 years…or about $350 billion per year.Let’s see, adjust
that for population growth. Subtract phony private sector debt-fueled growth
too. And properly adjust for inflation. What do you get? You get a lost decade.
Another
Lost Decade by Bill Bonner originally appeared in
the Daily Reckoning .’
New
Home Sales Dropped This Much in May Wall St. Cheat Sheet
Federal Tax Receipts Show Economy Grinding to a Halt
Technicals Knew what Bernanke Didn't: Stocks will Tank! But How
Much? Simon Maierhofer June 23, 2011
The more FOMC
meetings go by, the more they remind me of cotton candy.
Every meeting
gets hyped up and whets your appetite for solid tidbits of financial guidance,
yet every FOMC meeting leaves me unfulfilled and unsatisfied, just like cotton
candy. There's much fluff but no substance.
For what it's
worth, lets dissect some of Bernanke's statements and its implications for
stocks. More importantly, we'll take a look at what the stock market has said
and will say, and how this matches up to technical analysis. You may be
surprised just how accurate the market's subtle signals have been.
About QE3
Bernanke said
that a new asset purchase program (something like QE3) won't be discussed for
at least another two to three FOMC meetings (the next FOMC meetings are
scheduled for August 9, September 20, November 1, 2).
He added that
the economy is in a different position today than it was last year.
Interestingly, he specifically noted that today's situation is just that,
different, but not where they'd like it to be. In other words, no QE3 is needed
right now.
About
Banks
Bernanke
didn't specifically talk about bank's health, but mentioned this: 'We don't
have a precise read on why this slower pace of growth is persisting. Maybe some
of the headwinds like weakness in the financial sector ... are stronger than we
thought.'
It seems like
Sherlock hit the head on the nail there. Of the 7,574 federal insured banks,
11.7% are on the FDIC's problem list. It is not surprising that the Financial
Select Sector SPDR (NYSEArca: XLF
- News ), the SPDR KBW Bank ETF
and the SPDR KBW Regional Banking ETF (NYSEArca: KRE - News ) trade below their 200-day
moving average.
About GDP
The 2011 Gross
Domestic Product (GDP) forecast was cut to a range of 2.7% - 2.9% from a prior
range of 3.1% - 3.3%. 2012 GDP has been revised to a range of 3.3% - 3.7% from
3.5% - 4.2%.
Keep in mind
that government spending accounts for 26% of GDP. Furthermore, GDP does not
distinguish how government spending is financed. Yes, all the government
spending that has brought the country to the brink of insolvency is reflected
in GDP. It's time to rethink using GDP as the ultimate economic growth
indicator.
About
Treasuries
There's much
speculation about the future direction of long-term Treasuries. I could add my
own two cents to the mix, but quite frankly at this point there is no high
probability set up.
However, I see
that the iShares Barclays 20+ Year Treasury ETF (NYSEArca: TLT - News ) is above the 50 and 200-day
moving average and barely above the 20-day MA. But TLT is also below a trend
line that has rejected all advances for over 3-months.
Any major move
will either have to break below the 20-day MA or above the trend line. Knowing
this allows us to formulate high probability trading strategies (detailed
analysis on TLT and Treasury available via the ETF Profit Strategy Newsletter).
About
Europe
Here's how
Bernanke summed up the situation in Europe: 'Failure to resolve the Greek
situation would pose threats to European and global financial systems and
European political unity. It's one of several potential financials risks we are
facing.' Does Benny B. think the European debt situations is worse than the
media leads us to believe?
About the
only Authority
There are many
opinions about what stocks (NYSEArca: VTI - News ) may or may not, or should
or should not do. But none of that matters, because the final and only
authority is the market itself. That's why it makes sense to listen to the
market and to the market only.
The chart
below lists various support/resistance levels for the S&P 500 (SNP: ^GSPC).
To keep it simple, I've omitted various weekly and monthly pivots. It's
important to note that we don't draw trend lines or Fibonacci levels, the
market does. We simply connect the dots. It doesn't matter if you analyze the
S&P, the Dow Jones (DJI: ^DJI), the Nasdaq (Nasdaq: ^IXIC) or the Russell
2000 (Chicago Options: ^RUT).
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2023%2011.gif
In hindsight
it's always easy to interpret why the market did what. Let's take a look at what
the ETF Profit Strategy Newsletter said about the various support/resistance
levels shown in the chart BEFORE the S&P encountered them.
April 3, about
S&P 1,369: 'There is strong Fibonacci resistance at 1,369. In terms of
resistance levels, the 1,369 - 1,xxx range is a strong candidate for a reversal
of potentially historic proportions.'
May 3, about
S&P 1,369: Recommendation to short the S&P against 1,369 with a tight
stop-loss. The S&P topped the very next day at 1,370 and tumbled over 110
points thereafter.
June 5, about
S&P 1,298: 'A close below 1,298 would open the door for a retest of the
important 1,255 Fibonacci level. Anyone who is not short but wants to be may
take a short position if the S&P moves below 1,298 with a stop-loss at
1,304.' The very next day the S&P sliced through 1,298 support and fell as
low as 1,258.
June 15, about
S&P 1,259: 'The 200-day SMA at 1,257 is sandwiched between the 1,255
Fibonacci projection level dating back to 2002 and this week's s1 at 1,259.
Wednesday's low was at 1,261.9. If this low is not enough, there is a strong
cluster of support at 1,259 - 1,245. A drop into the 1,259 - 1,245 range would
prompt us to close out short positions and leg into long positions.'
The next day
the S&P bottomed at 1,258 and rallied as high as 1,298.
June 21, about
S&P 1,298: The S&P triggered a bearish low-risk entry. The
recommendation was to go short with a stop-loss at 1,299. If you enjoy more
technical lingo, here is the original trade tip:
'The trade
based on percentR is to go short with a stop-loss (based on closing prices) at
today's high (1,297.62). Because of the close proximity to the Fib level at
1,298.5, let's put the stop-loss at 1,299.'
Leading up to
Bernanke's speech, the S&P traded as high as 1,298.61 and faded away.
June 22, about
new lows: 'There is only one support level between yesterday's close and the
200-day SMA at 1,262. If the market is going to drop that far, it will probably
take out the 1,259 low and minimally test the 1,255 Fibonacci support or the
1,250 trend line.'
Cotton
Candy or the Real Deal
There is no
doubt that QE2 has altered the performance of stocks (NYSEArca: IVV - News ) and commodities (NYSEArca: DBC - News ). The absence of QE2 will
probably alter their performance as well.
But I don't
use the cotton candy-like analysis provided by Mr. Bernanke or Wall Street.
Listening to the market has proved far more effective…’
UPDATE
1-High yield bond funds suffer record outflow-Lipper at Reuters
AAII
Sentiment Survey: Do Investors See a Double Dip Recession? Wall St.
Cheat Sheet June 23, 2011 Bullish
sentiment , expectations that stock prices will rise over the next six months,
jumped 8.5 percentage points to 37.5% in the latest AAII Sentiment Survey. This
is an eight-week high for optimism that stock prices will rise over the next
six months. It is also, however, the 10th consecutive week that bullish
sentiment has been below its historical average of 39%.
Neutral
sentiment , expectations that stock prices will stay essentially flat over the
next six months, declined 1.4 percentage points to 26.8%. The historical
average is 31%.
Bearish
sentiment , expectations that stock prices will fall over the next six months,
dropped 7.0 percentage points to 35.7%. This is a three-week low for pessism.
Nonetheless, bearish sentiment is above its historical average for the 17th
time in 18 weeks.
An end to the
market’s six-week losing streak gave individual investors hope that stock
prices are stabilizing. Even with the improvement in sentiment, pessimism
remains high and is above average for the longest period of time in
approximately a year. (Bearish sentiment never dipped below 30% during the
18-week period of from May 13 to September 9, 2010.) The failure of Washington
to reach an agreement on the debt ceiling and the slow pace of economic growth
remain key concerns for individual investors.
This week’s
special question asked AAII members if the economy has merely slowed or if the
risks of a double-dip recession have increased significantly. Approximately
two-thirds of respondents said the economy has slowed, but will not fall into a
double-dip recession. One-third said the risks of a double-dip recession have
increased.
Here is a
sampling of the responses:
“The economy has only slowed—it would take
another economic shock to take us back into a recession.” “The economy has merely slowed, in part due to
Washington’s wrangling. Resolve the debt ceiling so we can move on.” “The risk of another recession has increased,
but I believe there is still less than a 50% chance of it occurring in the
next 12 months.” “The risks of a double-dip recession have
significantly increased. The government does not know how to fix the
economy.” “However the recession is described, the economy
cannot recover until millions of decent paying jobs are created.”
This
week’s AAII Sentiment Survey results
Bullish: 37.5%, up 8.5 percentage points Neutral: 26.8%, down 1.4 percentage points Bearish: 35.7%, down 7.0 percentage points
Historical
Averages
Bullish: 39% Neutral: 31% Bearish: 30%
Charles Rotblut is the author of the new book Better Good than Lucky: How Savvy Investors Create Fortune with
the Risk-Reward Ratio . The AAII Sentiment Survey has been conducted
weekly since July 1987 and asks AAII members whether they think stock prices
will rise, remain essentially flat, or fall over the next six months. The
survey period runs from Thursday (12:01 a.m.) to Wednesday (11:59
p.m.). The survey and its results are available online at http://www.aaii.com/sentimentsurvey
Top 3 Reasons Markets Fell After Bernanke’s News Conference Minyanville's
T3 Daily Recap: Market Slumps as FOMC Votes to End QE2, Lower GDP Estimates
T3Live.com Jun 22, 2011 ‘The market was unable to build on yesterday's
strong oversold bounce, turning lower in the afternoon after Ben Bernanke's Fed
policy press conference future Amazon.com, Inc. (AMZN Apple Inc. (AAPL [I like apple (the first computer I ever bought) and was rooting
for them (not just because wintel based pc’s are so pathetic) and glad they
survived; but, apple / apple products are significantly over-priced and
over-valued which is the purblind sizzle fraudulent wall street loves
and sells, as in the last few crashes.] The ags got hit
as wheat and corn were down again. Precious metals lost momentum as the Fed,
for the time being, ended their inflationary asset buying program. Expect some
digestion and choppy action in the coming days, especially ahead of Friday's
Greece vote, where the market will hope the troubled country can pass the
latest round of austerity measures.’
Is
The Bull Market Over? [ Short answer, Yes! ] at Forbes William Scott O'Neil ‘On
May 23, I posted an article on Intelligent Investing titled Is
the Bull Market Topping?
In our shop,
however, we never dig in our heels when it comes to the stock market; we remain
flexible in our thinking. Quite frankly, I would love to have the market prove
me wrong and resume a meaningful uptrend. Remember, there is never really a
bull or bear side, just the right side.
However, my
big concern at this point is the lack of a catalyst. For the risk-reward ratio
to improve in our favor, I believe we need resolution on some of the more
pressing domestic and international issues. Some of the most respected minds in
the market have recently told me that, in all their years in the industry, they
have never seen so many major issues happening across the world at the same
time.
Certainly
meaningful job growth in this country would help. And the way to grow jobs is
through the creation and expansion of businesses, particularly small
businesses. Small business creates roughly 85% of all jobs in this country. We
also have to implement an effective solution to the real estate housing glut.
Studying the
recovery phase of the last seven major bear markets (those down 45% or more,
peak to trough), the average gain in year three was 3%. We are now in year
three. So, to me, the best-case scenario right now is a continuation of a
sideways, back-and-forth, volatile market, which is the most dangerous type.
A choppy
market is much more dangerous than a down trending market (assuming the
investor uses selling rules). Thus my interpretation of the risk-reward at this
time is very, very poor.
We will
inevitably get several short-term bounces, but will they be significant enough
to build substantial positions over time?’ [ Short answer, No! ]
Crumbling
Cuba Offers Economic Advice to White House at Minyanville [ The irony
here is so obvious that I’ve not even wasted space. Communism is such a total
fraud, where ‘everybody’s equal except some bureaucrats / party-members are
‘more equal’ than others’. Yet, pervasively corrupt, defacto bankrupt america
is no longer the antithesis of said failed ideology, but rather also now a
failed regime on similar theme where bureaucrats / party-members and those
connected, financially or otherwise, to them are ‘more equal’ than others’. As
for the pictures, you can find plenty just like them right here in the ‘good
ole u.s. of a.’
Infographic:
Some People Call it Groupon, Some Call it "Grouponzi" Minyanville Staff June 22, 2011 ‘A
game-changing Minyanville article about Groupon's business model was part of
the inspiration behind this clever infographic. [ ‘It is a well done graphic which you
can check out here by clicking’ ]
Jim
Cramer Hitting His Most Bearish Notes at Forbes Heather Struck [ As
I’ve previously been saying, yes this is a secular bear market!
Retirement
As We Know it Is “Dead”: EuroPacific’s Pento The Daily Ticker [ States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 … And that’s just the
part of the public sector that’s on the radar owing to budget scrutiny … the
reality is much worse across the board! ]
‘We
now have more idle men, women than at any time since Great Depression’ Mortimer
B. Zuckerman | The Great Recession has now earned the dubious right of
being compared to the Great Depression.
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge
| The observation that the IMF has no credibility whatsoever has been well
known for a long time by all market skeptics.
Wall
Street made out on QE2, Main Street lost Brett Arends |
Federal Reserve’s $600 billion program of “quantitative easing” has been great
for Wall Street.
Fed freezes
policy despite slow US economy AFP | The Federal Reserve
left monetary policy in neutral as it slashed US economic growth estimates.
Jobless claims
rise more than expected Reuters | Little improvement in
the labor market this month after employment stumbled in May.
Greeks Turn Savings To
Gold Gold Core | Greek citizens are emptying savings
accounts and buying gold as they brace themselves for the possibility of a
sovereign default and a run on the banks.
Jobless
Claims in U.S. Rise More Than Expected More Americans than forecast filed
first-time claims for unemployment insurance payments last week, showing
companies are less confident about the expansion than they were earlier this
year.
Another
Exchange Halts Levered OTC Gold And Silver Trading Last week it was
Forex.com, now it is Oanda. As a reminder “Forex.com, a large retail
foreign-exchange operation, on Friday told clients it will discontinue its gold
and silver over-the-counter products marketed to retail investors who are U.S.
residents.
Fed:
Economy has lost momentum Central bank says it will keep interest rates
near zero to prop up growth, let bond program expire. (Washington Post) [
Reality bites … just wait till it really does … lost momentum? … sure could
have fooled us, Drudgereport: Zuckerman:
'We now have more idle men, women than at any time since Great Depression'... Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'... TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE
NEW 'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day! DEM
FIX: MORE SPENDING! CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
… must be using micrometers to measure the difference, and at what cost
for the head fake / obfuscation, and with much worse to come, let’s all now in
unison get real : Dave's
Daily ' If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! The previous so-called (4
day) ‘rally’ was based on b***s*** alone to keep the suckers suckered and for
‘smarter money ‘ along with the frauds to sell into. This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘
ECONOMIC CRISIS ARCHIVE
National / World
Obama’s Drawdown Speech: More Orwellian Lies Kurt
Nimmo | The U.S. government has no intention of ending the war and
bringing home all of the troops.
Traitorous
Greek Government Accepts IMF Debt Slave Package Greeks seething after two
years of belt-tightening reacted in anger Thursday against a new round of tax
rises and spending cuts worth some 3.8 billion euros which they said would
again hit honest taxpayers hardest.
Is Alex Jones blocked in Greece? Infowars
| Infowars.com has received numerous reports that our family of websites are
being blocked in Greece during this critical time of debt crisis coverage.
TSA Lies About Policy “Change” On Child Pat Downs Steve
Watson | “New” Child Pat-Down Policy Was Already Announced 8 Months
Ago, Was Repeatedly Violated.
New Study Finds Direct Link Between Vaccines and Infant
Mortality Paul Joseph Watson | United States, which
administers highest number of vaccines in developed world, also has highest
number of infant deaths in developed world.
Chance Didn’t Create The Current Economic Crisis Bob
Chapman | What the world is experiencing today did not happen by
chance, it was planned that way.
Parties
at odds on debt reduction Congressional leaders from both parties make new
and competing demands in exchange for their votes to raise the nation’s debt
limit. (Washington Post) [ Oh,
riiiiight! That ‘cute, oft-referenced horse trading’ that goes down on capital
hill. How adorable these lovable slugs are as we wait expectantly for someone
in ‘Bill Murray-like fashion’ (SNL, Stripes, Meatballs, Caddyshack,
Ghostbusters, etc.) to chime in with a shrill comedic cry, ‘noogie time’,
‘noogies’… What a bunch of incompetent dopes. If they and theirs, all three
branches, weren’t so venal and destructive, domestically and internationally,
there would be less reason to be compelled to chastise them; but clearly, they
deserve every bit of criticism and cynicism one can muster. If it ever was (I’m
not amused http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
), their ‘old ways’ certainly aren’t cute,
cool, or appropriate. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in savings
by 2021 to avoid a debt crisis. Others view $2 trillion as impossibly
ambitious...more borrowing authority for a nation already mired in red
ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Shock
Poll: Only 3 in 10 Will Vote For Obama Americans are growing more
dissatisfied with President Barack Obama’s handling of the economy and say it
will be hard to vote to re-elect him without seeing significant progress over
the next year and a half.
Obama
versus Osama: guess who the Egyptians prefer? Even Osama Bin Laden, the
late al Qaeda leader, was more popular this year, with a 21 percent
favorability ranking.
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
Oil Price
Tumbles After Reserves Release Oil prices tumbled after Western nations
surprised the market, releasing the biggest amount of oil from their emergency
strategic stocks since 1991, in a calculated shot across the bows of Opec, the
oil producers’ cartel.
A
Sinister Cyber-Surveillance Scheme Exposed The programme appears to allow
for the large-scale monitoring of social networks by way of such things as
natural language processing, semantic analysis, latent semantic indexing and IT
intrusion.
Afghan
Troop Withdrawal Is ‘No Change In Plans’ From Obama “This is only to draw
down the extra troops that President Obama sent in when we last heard from him
on this subject in December 2009. This is just drawing down the surge.” Milbank:
Obama’s ‘mission accomplished’ (Washington Post) [ Wow! Up until the last three paragraphs there
seemed to be a semblance of hope for
wobama apologist and obamanoid Mr. Milbank as one could detect ever so slightly
that tinge of realism coupled with traces of both sarcasm and cynicism. Then,
wham, from out of the blue, true to form there he was in wobama’s corner and
sharing that one-way ticket to palookaville. Yes; wobama the b (for b***s***)
is all that … bad. The worst president since … dumbya bush, who was the worst
president since … the ‘c’ man, who was the worst president since … ‘poppy the
sailor man’, who was the worst president since … you get the picture. Failed
all, from bad to equally bad or worse, the story of a nation in the throws of
decline and fall. Come on! There isn’t anything in this world more empty,
meaningless, and worthless than words from wobama the b (for b***s***).… Obama
adopts the Bush Doctrine The May 19
Middle East speech, annotated. (Washington Post) [ Yeah! Two nut cases; two failed presidents. The latest case of U.S.
paranoia (Los Angeles Times) [ Yeah! This really needs to be said;
particularly when you take into account the reality, that while plentiful,
american laws are all but meaningless, arbitrarily enforced at best, and
‘federales’ and their supporters (more commonly called bribes, one way or form
or another) invariably the worst offenders. Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature..
THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Behind
the scenes of Obama’s speech (Washington Post) [ If only he could stutter; he’d at least then
be oscar worthy. Behind the scenes a puppeteer named ….. Mr. Teleprompter. See
… all that useless, mind-numbing technology does come in handy every once in a
while. And, if we’re able to attach them to one another; yup, we’ve got
ourselves a cyborg. Such a brave new world we’re living in. No longer will man
be blamed for his inhumanity to fellow man. Yes, blame it on the cyborg ‘who
made them do it’. Ah yes, steel and flesh, perfect together; like guns and
butter, ebony and ivory (did they really make you use the back door to the
whitehouse sir paul), oil and vinegar, etc..
Pentagon
renovation now complete Constructing the building took just 17 months
during WWII. The $4.5 billion renovation of the building, however, has gone on
for 17 years -- so long that the first parts completed are showing their age.
(Washington Post) [ Well, it takes time to help bankrupt a nation and this is
but a symbolic representation of their role in same; and so little time in
creating new destructive, self-destructive wars. Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes
/ Robert Lenzner StreetTalk ‘ “Meet the
Press Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline.. They’ve used the contrived mideast turmoil and their wars to
obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Nuclear
experts killed in Russia plane crash helped design Iran facility The five
Russian scientists were among 44 killed earlier this week; no official
investigation of foul play has been opened, though Iranian nuclear experts have
in the past been involved in similar accidents.
Al
Gore branches out into population control theory Not content to make a fool
of himself confusing weather and climate, Al has now decided to lecture women
on how to reduce the population for the benefit of the planet.
Fukushima
‘still a ticking time bomb’ Famed physicist Michio Kaku says Japanese
officials still don’t have control of the Fukushima Daiichi nuclear disaster.
Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of
destruction at home … yeah … it’s true … they haven’t the slightest idea what
they’re doing and no matter what or where, pervasively corrupt, defacto
bankrupt america’s touch is an invariably destructive, negative touch (‘nation
building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’,
regardless of spin, propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign promises;
viz., jobs / economy not wars, prosecution of the frauds on wall street
responsible for the crisis, etc.. What a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe Bryant’… Kobe Bryant China Kobe's team, in China , anyway… Sprite
China Kobe Bryant Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own
’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems (you know,
that unflinchingly loyal 18%). Yet, no
one can say the wobama / holder approach is devoid of racism. Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered
by the purveyors of global unrest; viz., israel, america, Orwellian england,
etc.; more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Losing Another Decade Bill Bonner ‘Great Speculations Buys, holds, and hopes An
article in The Financial Times tells Americans they may face a “lost
decade,” like the Japanese in the ’90s…Energy use in the US peaked in 1997.
Real US GDP peaked a few years later. Since then, it’s been downhill for the
economy.From memory…US GPD didn’t hit 10 trillion dollars until about 2000.
Now, it’s about $14 trillion. Nice growth, huh? But wait. We know that a lot of
that was phony, debt-fueled growth. It was phony because it raised living
standards to a level that people couldn’t really afford. Or to look at it
another way, it drew on earnings that hadn’t happened yet…and maybe never
would. But how much of that $4 trillion worth of GDP is real and how much is
phony? We don’t know. But we note that the federal deficit is about $1.5
trillion, which is as phony as a $3 bill. Subtract that and you have a gain of
$3.5 trillion over 10 years…or about $350 billion per year.Let’s see, adjust
that for population growth. Subtract phony private sector debt-fueled growth
too. And properly adjust for inflation. What do you get? You get a lost decade.
Another
Lost Decade by Bill Bonner originally appeared in
the Daily Reckoning .’
Federal Tax Receipts Show Economy Grinding to a Halt
Top 3 Reasons Markets Fell After Bernanke’s News Conference Minyanville's
T3 Daily Recap: Market Slumps as FOMC Votes to End QE2, Lower GDP Estimates
T3Live.com Jun 22, 2011 ‘The market was unable to build on yesterday's
strong oversold bounce, turning lower in the afternoon after Ben Bernanke's Fed
policy press conference future Amazon.com, Inc. (AMZN Apple Inc. (AAPL [I like apple (the
first computer I ever bought) and was rooting for them (not just because wintel
based pc’s are so pathetic) and glad they survived; but, apple / apple products
are significantly over-priced and over-valued which is the purblind
sizzle fraudulent wall street loves and sells, as in the last few crashes.] The ags got hit as wheat and corn were down again. Precious metals
lost momentum as the Fed, for the time being, ended their inflationary asset
buying program. Expect some digestion and choppy action in the coming days,
especially ahead of Friday's Greece vote, where the market will hope the
troubled country can pass the latest round of austerity measures.’
Is
The Bull Market Over? [ Short answer, Yes! ] at Forbes William Scott O'Neil ‘On
May 23, I posted an article on Intelligent Investing titled Is
the Bull Market Topping?
In our shop,
however, we never dig in our heels when it comes to the stock market; we remain
flexible in our thinking. Quite frankly, I would love to have the market prove
me wrong and resume a meaningful uptrend. Remember, there is never really a
bull or bear side, just the right side.
However, my
big concern at this point is the lack of a catalyst. For the risk-reward ratio
to improve in our favor, I believe we need resolution on some of the more
pressing domestic and international issues. Some of the most respected minds in
the market have recently told me that, in all their years in the industry, they
have never seen so many major issues happening across the world at the same
time.
Certainly
meaningful job growth in this country would help. And the way to grow jobs is
through the creation and expansion of businesses, particularly small
businesses. Small business creates roughly 85% of all jobs in this country. We
also have to implement an effective solution to the real estate housing glut.
Studying the
recovery phase of the last seven major bear markets (those down 45% or more,
peak to trough), the average gain in year three was 3%. We are now in year
three. So, to me, the best-case scenario right now is a continuation of a
sideways, back-and-forth, volatile market, which is the most dangerous type.
A choppy
market is much more dangerous than a down trending market (assuming the
investor uses selling rules). Thus my interpretation of the risk-reward at this
time is very, very poor.
We will
inevitably get several short-term bounces, but will they be significant enough
to build substantial positions over time?’ [ Short answer, No! ]
Crumbling
Cuba Offers Economic Advice to White House at Minyanville [ The irony
here is so obvious that I’ve not even wasted space. Communism is such a total
fraud, where ‘everybody’s equal except some bureaucrats / party-members are
‘more equal’ than others’. Yet, pervasively corrupt, defacto bankrupt america
is no longer the antithesis of said failed ideology, but rather also now a
failed regime on similar theme where bureaucrats / party-members and those
connected, financially or otherwise, to them are ‘more equal’ than others’. As
for the pictures, you can find plenty just like them right here in the ‘good
ole u.s. of a.’
Infographic:
Some People Call it Groupon, Some Call it "Grouponzi" Minyanville Staff June 22, 2011 ‘A
game-changing Minyanville article about Groupon's business model was part of
the inspiration behind this clever infographic. [ ‘It is a well done graphic which you
can check out here by clicking’ ]
Jim
Cramer Hitting His Most Bearish Notes at Forbes Heather Struck [ As
I’ve previously been saying, yes this is a secular bear market! ] ’ CNBC
stock-picker Jim Cramer made his second-annual appearance at the E Trade
Financial investor forum in New York Wednesday morning. Anyone on less than
their first cup of coffee probably wouldn’t have had the mettle to keep up with
Cramer’s 9:45 a.m. talk, but there was plenty for the bullish advisor to rant
about this year. Among Cramer’s major complaints – good stock prices are
just too darn high for such a seemingly bearish period.
Cramer’s
remarks followed comments by chief investment strategist of equity research at
Standard & Poor’s Sam Stovall, in which he said volatility and a bear
market are both here to stay. “We are moving into a secular bear market with
cyclical bulls,” he said. The rows of E Trade investors attending the
presentation in the New York Hilton ballroom were told over and over again that
if they are willing to get comfortable with the external risks such as
inflation in China, a destabilized European economy, fluctuating oil prices and
no real job growth in the U.S., then they may be able to come to terms with the
the very un-robust stock market that exists today. What that means is investors
can use periods of price declines as buying opportunities.
Cramer echoed
these points by calling out the reasons he is unhappy with today’s stock
market. “I’m not a fan,” he said, calling it at times tough, brutal, mean, and
angry. Still, markets are going through a period of ennui, not despair, he
said.
It is ennui
that leads investors to pour into tech IPOs like Pandora and LinkedIn at levels
that reminded everyone of the last tech bubble? Perhaps. Cramer likes stocks
that have strong market shares and earnings growth potential when the economy
shows signs of picking up, which is nothing new to standard value investors.
However, he also likes using gold bullion and the SPDR Gold Trust ETF (GLD)
because “gold acts like a currency,” Cramer says. When he is listing a gold
trust in his top ten stock picks, it is probably safe to say Cramer is going
through one of his own more bearish streaks.
The stock
market could still have a 3-5% pull-back, Cramer said, not trusting the recent
6-week losing streak to be the last bottom. “There are actually a lot of
times where I am not bullish, and this is one of them,” Cramer said. “I don’t
expect a robust market. A retest of lows seems more likely.”
For the first
time, investors are worrying about the budget outcome in Washington, D.C. as
well, Cramer said. Where a debate in Congress over the necessity of raising the
federal debt ceiling is a symbol of the worsening faith that investors have in
U.S. debt. “We want to see fundamental change,” Cramer said. “Without it we
will always have one foot out the door of the stock market.”...’
Retirement
As We Know it Is “Dead”: EuroPacific’s Pento The Daily Ticker [ States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 … And that’s just the
part of the public sector that’s on the radar owing to budget scrutiny … the
reality is much worse across the board! ]
Greeks Turn Savings To
Gold Gold Core | Greek citizens are emptying savings
accounts and buying gold as they brace themselves for the possibility of a
sovereign default and a run on the banks.
‘We
now have more idle men, women than at any time since Great Depression’ Mortimer
B. Zuckerman | The Great Recession has now earned the dubious right of
being compared to the Great Depression.
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge
| The observation that the IMF has no credibility whatsoever has been well
known for a long time by all market skeptics.
Euro
– a ‘collapsing prison’ for Greece and Co.? The Greek government has
narrowly won a key vote of confidence, allowing the Prime Minister to continue
his fight for more cuts.
Don’t
Get the Greek Financial Crisis? Read This The Greek financial crisis has
been the most important economic story of the year—but what it actually means
can be lost in breathless talk of defaults and loan tranches.
Nigel
Farage Explains Why Greece Must Be Allowed To Default On the day when the
flawed euro experiment will get its first popular pseudo-referendum, it is only
logical that prominent euroskeptic Nigel Farage would sound off on how he sees
things for Greece, Europe and the currency union, and why he believes the
current situation is nothing short of slavery. Existing-home
sales fall They join a long list of other economic indicators that have
pointed to a soft spot in the recovery. (Washington Post) [ ‘Soft spot in the
recovery … talk about euphemisms … then let’s talk about no real recovery,
certainly when juxtaposed with those ‘illusory’ pre-election gains relative to
unaffordable debt costs to make them appear.
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed !
Today’s so-called ‘rally’ is based on b***s*** alone to keep the suckers
suckered and for ‘smarter money ‘ along with the frauds to sell into. This is
an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--
National / World
Cop Trespasses, Arrests Woman for Taking Video Kurt
Nimmo | You no longer have the right in Rochester and much of the rest
of the country to stand on your own property and record the cops.
Libyan Rebels Impose Press Censorship Kurt
Nimmo | Journalists are only allowed to use officially approved
translators.
Rasmussen: NATO Will Continue Slaughter in Libya Paul
Joseph Watson | Protecting civilians by killing civilians, but don’t
call it a war. Even as Italy calls for an immediate cease fire, NATO
Secretary-General Anders Rasmussen made it clear today that the slaughter in
Libya will continue unabated, seemingly unmoved by images showing dead babies
murdered as a result of a campaign sold on the justification of “protecting
civilians”.
PNAC Cabal Warns Congress To Back Off Over Libya Steve
Watson | Neocon group calls for increase in military action against
Qaddafi. The chicken hawk neoconservatives that make up the Project For A New
American Century cabal have written on open letter to House Republicans warning
them not to reduce or cut funding for U.S. involvement in the military
aggression against Libya or face becoming an ” irresolute” nation.
Fareed Zakaria: Dump the Constitution Kurt
Nimmo | Zakaria is a top globalist minion and avowed enemy of the
Constitution. CNN contributor Fareed Zakaria argues that the Constitution is
outdated and its principles should be “debated and fixed” to conform with the
modern era. He suggests “a set of amendments to modernize the Constitution for
the 21st Century.”
Obama:
The Baby Silencer Paul Joseph Watson | Dead
toddlers cannot be dismissed as another Gaddafi propaganda stunt.
Turkish
Actions To Trigger NATO Confrontation With Syria? Should a conflict erupt
between Turkey and Syria on their border, NATO will be obligated under its
Article 5 collective military assistance clause to enter the fray on Turkey’s
side. Should NATO intend opening hostilities against Syria, no better pretext
could be devised than that scenario.
Obama: The Baby Killer Obamanoids
(yes they’re still out there) are eagerly circulating the following You Tube
clip of the President silencing a crying baby by holding it in his arms. It’s
just a shame that Obama has also proven adept at silencing babies in north
Africa, by murdering them as part of his unconstitutional onslaught against
Libya.
FBI
Seizes Servers, Knocks Websites Offline The F.B.I. seized Web servers in a
raid on a data center early Tuesday, causing several Web sites, including those
run by the New York publisher Curbed Network, to go offline.
Shock
Poll: Only 3 in 10 Will Vote For Obama Americans are growing more
dissatisfied with President Barack Obama’s handling of the economy and say it
will be hard to vote to re-elect him without seeing significant progress over
the next year and a half.
Obama
versus Osama: guess who the Egyptians prefer? Even Osama Bin Laden, the
late al Qaeda leader, was more popular this year, with a 21 percent
favorability ranking.
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
Al
Gore branches out into population control theory Not content to make a fool
of himself confusing weather and climate, Al has now decided to lecture women
on how to reduce the population for the benefit of the planet.
Fukushima
‘still a ticking time bomb’ Famed physicist Michio Kaku says Japanese
officials still don’t have control of the Fukushima Daiichi nuclear disaster.
Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN: 'THAT'S A
MURDERER IN THE WHITE HOUSE'...
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe
Bryant’… Kobe Bryant China Kobe's team, in China , anyway… Sprite
China Kobe Bryant Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own
’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems (you know,
that unflinchingly loyal 18%). Yet, no
one can say the wobama / holder approach is devoid of racism. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Pentagon
renovation now complete Constructing the building took just 17 months
during WWII. The $4.5 billion renovation of the building, however, has gone on
for 17 years -- so long that the first parts completed are showing their age.
(Washington Post) [ Well, it takes time to help bankrupt a nation and this is
but a symbolic representation of their role in same; and so little time in
creating new destructive, self-destructive wars. Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Wall
Street 'Vastly Underestimating' Risk of Debt Default
Forbes / Robert Lenzner StreetTalk ‘ “Meet the
Press Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline.. They’ve used the contrived mideast turmoil and their wars to
obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Huntsman
for oblivion 2012 His noble message isn’t a winning one. (Washington Post)
[If only Mr. Huntsman had said he respects the office of the Presidency (though
the occupiers of same have been unworthy for quite some time) as opposed to
wobama himself, because of my well-deserved high regard for Utah, I’d be favorably
disposed toward Mr. Huntsman. But, alas, another failed president like his
progeny w and wobama, h.w.bush was also China ambassador, so hardly something
to be grateful to wobama for so as to ignore reality. High roads, low roads, in
pervasively corrupt, defacto bankrupt america they are distinctions without a
significant difference, and invariably low by new definition consistent with
the new reality. From
Huntsman, a different view In announcing 2012 presidential bid, he includes
a different take from his GOP rivals on President Obama. (Washington Post) [ I
can only suspect this to be an attempt to take support (Mormon, Utah, midwest
vote) from Romney. After all, Drudgereport(s): Harry Reid endorses
Huntsman... … Obama
adopts the Bush Doctrine The May 19
Middle East speech, annotated. (Washington Post) [ Yeah! Two nut cases; two failed presidents. The latest case of U.S.
paranoia (Los Angeles Times) [ Yeah! This really needs to be said;
particularly when you take into account the reality, that while plentiful,
american laws are all but meaningless, arbitrarily enforced at best, and
‘federales’ and their supporters (more commonly called bribes, one way or form
or another) invariably the worst offenders. Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to recommend
it. My own direct experience with the region(s) (particularly new jersey, new
york, virginia, connecticut, california) carves out no exception for the
prevalence of the worst of human nature..
THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE
NEW 'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day! DEM
FIX: MORE SPENDING! Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA... 66%
say US headed in 'wrong direction'...
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ] German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears...
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
...
Financial sector layoffs rise, more cuts ahead (Reuters)
Buys,
holds, and hopes An article in The Financial Times tells Americans
they may face a “lost decade,” like the Japanese in the ’90s.What? We’ve
had a lost weekend or two. But how can you lose a whole decade? But Americans
have done it already.
After a
60-year debt expansion, the developed world – led by the USA – went into a
period of debt contraction. This is what we call the Great Correction. We know
for sure that debt is being consolidated – at least in the private sector. We
know that this will be a drag on the economy for several more years.
We know also
that the feds’ efforts to fight the correction are setting up another crisis
and correction – this one in the public sector.
So, it looks
as though at least two things will be corrected – private debt…and public debt.
Beyond that, we’re not sure what excesses, mistakes and absurdities this
correction will target. Only time will tell.
So far, all
the facts that have come to light in the last four years seem to corroborate
our Great Correction story. As expected, jobs are few and far between. Consumer
spending is weak, as households try to repair their balance sheets. And the
economy limps along with negative or barely positive real GDP growth.
What does this
sound like to you?
Like Japan, of
course, which has been in a Great Correction for 20 years.
And even
though the peak of credit in the US wasn’t hit until 2007 we’re beginning to
think that the actual correction began in 2000. Since then, jobs, stocks,
houses, and the real, per-capita GDP have gone nowhere. In other words, a
stealth correction has probably been going on for 10 years already…it didn’t
come out into the open until after 2007.
Losing one
decade could be bad luck. Losing two begins to look like recklessness.
Inattention. Or robbery. Stay tuned…
At Dulles
Airport yesterday, it took us an hour of standing in line to check in. People
in economy were probably lucky to be able to check in at all.
But who cares.
It’s still almost a miracle to be able to leave our home in Washington at 4PM
and be in London at 6AM the following day. What a boost to our standard of
living! This is the kind of miracle that high-octane fossil fuel can give you.
You have to burn a lot of energy in order to lift a giant vessel made of thin
metal, filled with fat people off the ground. And then fly across the Atlantic
Ocean with it!
You can’t do
that with solar power…or wood…or batteries charged up from hydroelectric power
stations. You can only do it by reaching into the earth and using up some of
its stored up calories. And you can only use those calories once. (For reasons
we can’t figure out at this hour, the law of conservation of energy doesn’t
seem to apply.)
As you will
see later this week, the energy revolution of the 18th century boosted output
and speeded up GDP growth. Our standard of living – not to be confused with our
quality of life – is directly proportional to the amount of energy consumed.
All of which is a warm up to where our meandering will take us this week.
Energy use in
the US peaked in 1997. Real US GDP peaked a few years later. Since then, it’s
been downhill for the economy.
From memory…US
GPD didn’t hit 10 trillion dollars until about 2000. Now, it’s about $14
trillion. Nice growth, huh? But wait. We know that a lot of that was phony,
debt-fueled growth. It was phony because it raised living standards to a level
that people couldn’t really afford. Or to look at it another way, it drew on
earnings that hadn’t happened yet…and maybe never would.
But how much
of that $4 trillion worth of GDP is real and how much is phony? We don’t know.
But we note that the federal deficit is about $1.5 trillion, which is as phony
as a $3 bill. Subtract that and you have a gain of $3.5 trillion over 10
years…or about $350 billion per year.
Let’s see,
adjust that for population growth. Subtract phony private sector debt-fueled
growth too. And properly adjust for inflation. What do you get?
You get a lost
decade. Another Lost Decade by Bill Bonner originally appeared in the Daily Reckoning .’
Federal Tax Receipts Show Economy Grinding to a Halt
Top
3 Reasons Markets Rose with Greece and Apple Wall St. Cheat Sheet June
21, 2011 [ I like apple (the first computer I ever bought) and was rooting for
them (not just because wintel based pc’s are so pathetic) and glad they survived;
but, apple / apple products are significantly over-priced and over-valued
which is the purblind sizzle fraudulent wall street loves and sells, as in the
last few crashes.] ‘Markets closed up on Wall Street: Dow +0.91% , S&P
+1.34% , Nasdaq +2.19 , Oil +0.5, Gold +0.34% .
On the
commodities front, Oil (NYSE:USO ) found some buyers on the idea Greece may not sink
the universe. Precious metals were both up with Gold (NYSE:GLD ) closing at $1,546 and Silver (NYSE:SLV ) rising 1%.
Today’s
markets were up because:
1) Investors
smell some sort of resolution in Greece . Although ratings
agencies are sending more warnings to Greece, the media is reporting a lot
of aggressive chatter regarding the EU stepping in to save Greece. At the end
of the day, that removes the probability of a Lehman style event. Now check out
which
Companies have dangerous exposure to Greece and which
Countries do too .
2) US Existing
Home Sales sucked. Yup. If you’re looking for positive data points in the US
economy, turn your head 180 degrees away from the housing market (NYSE:IYR ). The always bullish National
Association of Realtors sales fell by 3.8% in May, at an annual pace
of 4.81 million, down 15.3% from last years mark of 5.68 million by the same
point in the year.
3) Apple
finally caught a bid. After some big time selling in Apple (NASDAQ:AAPL ), the company is now rumored to be releasing a
major iteration with the release of iPhone 5. Add that to all the shareholders
who are filling the blogosphere with articles about “Apple as a Value Stock”,
and it was a matter of time before the buyers stepping in. ‘
Greece
"Essentially Bankrupt" Says Analyst With World's Most Unfortunate
Surname at Minyanville
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge
| The observation that the IMF has no credibility whatsoever has been well known
for a long time by all market skeptics.
Russia to Lower
U.S. Debt Holdings Wall Street Journal | Russia will likely
continue lowering its U.S. debt holdings as Washington struggles to contain a
budget deficit and bolster a tepid economic recovery.
Rep. Ron Paul
issues campaign pledges Texas Rep. Ron Paul’s campaign issued issued a
statement on what his budget priorities will be if elected.
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility While the fact that its
former head is an alleged rapist caught some by surprise, the observation that
the IMF has no credibility whatsoever has been well known for a long time by
all market skeptics.
The
Financial Collapse Of Greece: The Canary In The Coal Mine For The Global
Economy? The rest of the world needs to sit up and take notice of what is
going on in Greece right now. This is what can happen when you allow government
debt to spiral out of control.
IMF
slams European leaders on crisis The IMF criticized leaders for their
failure to find a “cohesive” response to the problems of weaker nations. Thousands
protest Greek austerity measures Europe
falters in bid to rescue Greece Greek
default spells 'havoc' for banks Europe
debt crisis to hover over Fed meeting (Washington Post) [If
the Titanic sank today, here’s how the President, the media and Wall Street
would spin it (satire) What would all the world’s experts and authorities
say today if the Titanic were sinking but nobody was willing to admit it? For
Greece, $160B wasn’t enough Officials involved in the financial rescue in
the spring of 2010 didn’t expect to be back so soon. (Washington Post) [ And
yet, this dire predicament for Greece mirroring a similar dour scenario
globally, and pervasively corrupt, defacto bankrupt america particularly is in
reality but a small part of the equally dour prospects for stocks. Stocks rally on b***s*** alone from
the eurozone on a purported, though unannounced plan by merkel and sarkozy (a
zionist now preoccupied with the Libya fiasco Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not
Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
to avoid greek default. Yet, default per se is not the problem. Indeed, China
has already said, correctly defacto if not technically, that america’s already
is in default [Drudgereport: CHINA: USA 'ALREADY
DEFAULTING'... The waning full moon
also accounts for the action to the upside as the lunatic, criminally insane,
lunatics / frauds on fraudulent wall street attempt to keep the other lunatics
/ suckers suckered with contraindicated rally on insurmountably bad news (no,
those new apartment building construction numbers change nothing). This is all
pre-2012 election year unaffordable obfuscation of failure across the board.
Amazingly, the lunatics on wall street now have plenty of company worldwide,
particularly that nato / eu bunch bringing to mind that old adage of ‘apples
not falling far from the trees’, conversely speaking. Paying attention to
Robert Lenzner, infra, and Toby Connor, among others, is wise counsel . Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take
profits while you still can since there's much worse to come! ]
MONEY WATCH ARCHIVE
( from infowars.com / prisonplanet.com )
National / World
Texas
Senator Compares TSA Fight To Revolutionary War The Texas Senator at the
forefront of the fight against invasive TSA pat-downs has likened the stand-off
between state and federal authorities over a bill that would criminalize TSA
groping to the revolutionary war against Mexico, calling the situation a “Come
and Take It” moment once again for Texas.
Three-quarters
of U.S. nuke plants have had radioactive leaks Three-quarters of the
country’s nuclear power plants have seen radioactive tritium leaks, an
Associated Press investigation finds.
No Troop
Withdrawal in Afghanistan Four cheers for the U.S. Conference of Mayors! It
has just voted up a resolution calling on Washington to transfer $126-billion
in annual spending from its Middle East wars to America’s cities!
TSA
Showdown a Watershed Moment in Battle For Freedom A bill that would
criminalize invasive TSA pat downs in Texas has risen like a phoenix from the
flames, with Governor Rick Perry being forced to include the item on the agenda
for the current special session of the legislature, setting the stage for what
could potentially become a watershed moment in the battle to peel back a
federal power grab that has characterized the advance of big government.
Libya
says new Nato missile attack killed three children Nato has admitted
launching a missile strike against a compound that Libyan officials claim
killed at least 15 people, including three children.
Rick Perry Announces Presidential Run Kurt
Nimmo | Fake aura of the Texas outsider to be used the same way the
Man of Change was used to sell Obama.
O’Reilly and Rapper Argue About Bogus War On Terror Kurt
Nimmo | More contrived left versus right propaganda avoids real reason
for multiple criminal wars.
TSA Showdown a Watershed Moment in Battle For Freedom Paul
Joseph Watson | Federal response to likely passage of anti-pat down
bill could provoke massive states’ rights backlash.
“Kinetic Military Action” or War – Libyans are Still Dead
American Thinker | He can call it “kinetic military
action” or he can call it making love if he wants to, but that doesn’t
resurrect any dead Libyans. No-Life Zone: Deeper and Deeper Into the Mire Chris
Floyd | Obviously, there was a typo in the UN resolution approving
NATO’s operations in Libya.
Labor
battle puts Obama in bind White
House ties to both sides of dispute between aerospace giant, union pose a
political quandary. (Washington Post) [
Sounds like a job for … John Kerry … Mr. all sides of all issues … special
appointment? Yet, wobama’s teleprompter can be called upon to split hairs and
draw fine lines … though unfortunately as even both sides to this dispute
already know as spoken by ‘wobama the b’ (for b***s***), whatever Mr.
Teleprompter says will be pure, unaldulterated b***s*** regardless of how well
written and said. Yes, not doing as promised has its pitfalls, not rewards,
when doing as not promised leads directly to the dire consequences and crises
this nation and the world now face.
Too
Soon To Buy The Dip In This Market at Forbes Sy Harding ‘Don't buy this
dip. After six straight down weeks the S&P 500 is down only 6% from its
April peak. That’s not near enough to factor all the negatives into stock
prices…’
The
Great Stagnation of 2011 at Minyanville Jeff Harding Jun
20, 2011 ‘Consumers aren't going to save our economy from stagnation, but
rather it will continue along with inflation
I go away for a few days and come back to a slug of
not-encouraging economic news.http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6201.JPG
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6202.JPG
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6203.JPG
consumer data http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6204.JPG
retail
The PPI and CPI reports also came in last week.
Starting at the producer level, the PPI increase moderated to a 0.2% gain
(core, ex. energy and food, up 0.2%). But the year-over-year trend was still up
7.0% in May (ex. energy and food, up 2.1%). The PPI has been declining since
January, 2011, but the rate of increase is still high:http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6205.JPG
consumer http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6206.JPG
Misery Index
was created back in the 1970s and is described thusly:
It
is simply the unemployment rate added to the inflation rate. It is assumed that
both a higher rate of unemployment and a worsening of inflation both create
economic and social costs for a country. A combination of rising inflation and
more people out of work implies a deterioration in economic performance and a
rise in the misery index.
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6207.JPG
Business Small Business Optimism Index declined again, for the third
straight month:http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6208.JPG
“Corporate
profits may be at a record high, but businesses on Main Street are still
scraping by,” said NFIB chief economist Bill Dunkelberg. …taxes only 3 percent cite financing ).
capital
Capital
spending remains historically low in spite of very low interest rates and all
sorts of expensing incentives. Fifty percent of firms reported making capital
expenditures over the past six months, and the percent of owners planning
capital outlays in the next 3 to 6 months fell 1 point to 20 percent, a
recession level reading.
cooling off of demand from money-stimulated countries like
China, India, and Brazil.consumers naysayers who don’t think you can have an economic
slowdown and inflation at the same time.likelihood of QE3 (quantitative easing) is still valid.Editor's Note: This article was originally published at The
Daily Capitalist .’
Federal
Tax Receipts Show Economy Grinding to a Halt Lee Adler June 17, 2011
Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN: 'THAT'S A
MURDERER IN THE WHITE HOUSE'...
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of american basketball star Kobe Bryant’… Kobe Bryant
China Kobe's team, in China , anyway… Sprite
China Kobe
Bryant Feb 23,
2011 ... Sprite China has paired up NBA Star Kobe Bryant of
the LA Lakers … who has supplanted their own ’yellow / red bamba’; viz., Yao
Ming.), wobama’s really got problems (you know, that unflinchingly loyal
18%). Yet, no one can say the wobama /
holder approach is devoid of racism. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Where
are the jobs? Scott Walker finds it’s easier to make bumper stickers than
to boost employment. (Washington Post) [ Oh, riiiiight, Mr. Milbank, inveterate
and unshakable defender of wobama regardless of fact or folly (wobama’s broken
campaign promises, etc.), it’s Scott Walker’s not wobama’s fault for the
nation’s dire predicament despite being the direct consequence of wobama’s
failure to do as promised and rather p***ing money (the nation doesn’t really
have) away in the perma-wars abroad marking his failed presidency as war
criminal bushes before him. Obama’s
semantics draw criticism on Libya Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of american basketball star Kobe Bryant’… Kobe Bryant
China Kobe's team, in China , anyway… Sprite
China Kobe
Bryant Feb 23,
2011 ... Sprite China has paired up NBA Star Kobe Bryant of
the LA Lakers … who has supplanted their own ’yellow / red bamba’; viz., Yao
Ming.), wobama’s really got problems (you know, that unflinchingly loyal
18%). Yet, no one can say the wobama /
holder approach is devoid of racism. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE
NEW 'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day!
OBAMA
PREPARES TO IGNORE HIS GENERALS
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ] German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears...
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
...
Federal Tax Receipts Show Economy Grinding to a Halt Lee Adler Jun3 17, 2011 ‘With the Fed now set to end
its program of quantitative easing for the time being and government spending
set to decline, the squeeze should worsen in coming months. Month to date
Federal withholding taxes as of June 15 were down 5.5% from last year, negating
the monthly gain in May. That gain was primarily due to the calendar http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/tax1.jpg
Chart data through June 15 moving
average taxes Treasury had expected based on its rosy economic
assumptions. The Treasury market could be in for a shock when the size of new
auctions start coming in much larger than anticipated.http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/tax2.jpg
Through June 15…’
Double
Shot Primes Markets: Dave's Daily ‘The Fed completed the largest POMO
action since QE2 began in September. Monday's POMO
("A Double Shot of My Baby's Love"?) came as markets were still
oversold, which relieved this condition but may leave us drumming our fingers
until after Wednesday's FOMC meeting results. Although stocks rallied modestly
Monday, volume was nearly 35% below last week's trading. The negative news overhang Treasury bond
Wall Street ends higher, but weak volume a warning sign (Reuters) Stocks rose on Monday, as the latest development to
reduce Greece's debt helped draw buyers and the S&P 500 touched a key
support level, but anemic volume signaled the recent weakness ma...
Greek
Debt Restructuring Off the Table: EU Official CNBC | A restructuring of Greece’s 340 billion
euro ($481.5 billion) debt is not on the agenda.
Federal Tax Receipts Show Economy Grinding to a Halt Wall St. Cheat Sheet June 20, 2011 ‘Markets closed up on Wall Street: Dow
+0.63% , S&P +0.54% , Nasdaq +0.50 , Oil +0.26, Gold +0.08% .
On the
commodities front, Oil (NYSE:USO ) had a slight uptick, closing over $93 a barrel.
Precious metals were both up slightly with Gold (NYSE:GLD ) adding $1.20 to close at $1,540.30 and
Silver (NYSE:SLV ) showing modest gains of 0.70%, about 25 cents.
Today’s
markets were up because:
1) No Big
Earnings Reports . Just about every day it seems some big company announces
dismal earnings below expectations and their plummeting share prices pull down
the market. But today no such news. With the slowly recovering economy taking a
turn for the worse this past month, no news is good news. In the meantime,
check out our new Wall St. Cheat Sheet earnings sneak peeks: Micron
Technology Inc. Third Quarter Earnings Sneak Peek .
2) Hope for
Greece. EU leaders have expressed their confidence that a Greek aid package
will be decided upon shortly, and it seems likely they might be able to avoid a
default. The absence of bad news is giving the euro a boost. A resolution
should come any day now, and analysts expect investor relief to account for
significant gains on all the indices. Check Out: Greece
Getting Desperate, Will Sell off State Assets .
3) Big
Individual Company News. The indexes were all propped up today by a few big
companies with big gains. Ford (NYSE:F ) shares were up as they announced plans to revamp
the Lincoln brand, while fellow Detroit-based competitor GM (NYSE:GM ) also saw shares rise today. Wal-Mart
(NYSE:WMT ) shares were up after they won their Supreme Court
sex bias case, while the healthcare and consumer discretionary sectors showed
the highest gains today, while the tech sector was also up with big gains from
Caterpillar (NYSE:CAT ) and DuPont (NYSE:DD ) leading the way. ‘
How
Miserable? Index Says the Worst in 28 Years When it comes to measuring the
combination of unemployment and inflation, it doesn’t get much more miserable
than this.
After
Dumping 30% Of Its Treasury Holdings In Half A Year, Russia Warns It Will
Continue Selling US Debt Just in time for the end of QE2, when the US needs
every possible foreign buyer of US debt to step up to the plate, we get
confirmation that yet another major foreign central bank has decided to not
only not add to its US debt holdings, but to actively sell US Treasurys.
Russia to Lower
U.S. Debt Holdings Wall Street Journal | Russia will
likely continue lowering its U.S. debt holdings as Washington struggles to
contain a budget deficit and bolster a tepid economic recovery.
Spanish
protesters launch anti-austerity marches AFP | Seething
over the destruction of millions of jobs, welfare cuts and corruption, the
first of at least three nationwide marches set off from eastern Spain’s
Mediterranean city of Valencia.
Greek
Debt Restructuring Off the Table: EU Official CNBC | A
restructuring of Greece’s 340 billion euro ($481.5 billion) debt is not on the
agenda.
Report: Typical City Bus Contains No Fewer Than Four Erections
At Any Given Time www.theonion.com [ Your tax
dollars at work! ] WASHINGTON—A report from the U.S. Department of
Transportation confirmed Thursday that at any one time, the average American
city bus is occupied by at least four fully erect penises. "This
persistent level of physical arousal remains a mystery, as we have found no
link between these erections and either the attractiveness of fellow passengers
or the intensity of vehicle vibrations," the report read in part, also
noting that when one of the four engorged penises goes flaccid, another
immediately hardens, as if to take its place. "Four is just a minimum, of
course. During rush-hour traffic, there may be as many as 21 stiffened members
on a single bus, while off-peak erection counts often hover around five or even
six." The report's statistics do not include bus drivers, who are believed
to remain constantly erect throughout their shifts.
Siemens Says US
Workers Lack Skills CNBC.com | “There’s a mismatch between
the jobs that are available… and the people that we see out there.”
Bernanke
May Face ’Self-Induced Paralysis’ As a Princeton University professor, Ben
Bernanke castigated the Bank of Japan in 2000 for a “case of self-induced
paralysis” that led to a decade of stagnation.
Another
Broker Halts Trading In Gold And Silver Products CMC Markets, a broker out
of Australia which offers Contracts For Difference (CFDs), has just formally
joined the increasingly larger group headed by Forex.com (discussed on
Saturday) which is now advising customers that gold and silver trading will be
prohibited in a month.
Stocks rally on b***s*** alone from the eurozone on a purported,
though unannounced plan by merkel and sarkozy (a zionist now preoccupied with
the Libya fiasco Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA...) to avoid greek
default. Yet, default per se is not the problem. Indeed, China has already
said, correctly defacto if not technically, that america’s already is in
default [Drudgereport: CHINA: USA 'ALREADY
DEFAULTING'... The waning full moon also accounts for the action to the
upside as the lunatic, criminally insane, lunatics / frauds on fraudulent wall
street attempt to keep the other lunatics / suckers suckered with contraindicated
rally on insurmountably bad news (no, those new apartment building construction
numbers change nothing). This is all pre-2012 election year unaffordable
obfuscation of failure across the board. Amazingly, the lunatics on wall street
now have plenty of company worldwide, particularly that nato / eu bunch
bringing to mind that old adage of ‘apples not falling far from the trees’,
conversely speaking. Paying attention to Robert Lenzner, infra, and Toby
Connor, among others, is wise counsel . Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression Connor at Minyanville
Too
Soon To Buy The Dip In This Market at Forbes Sy Harding ‘Don't buy this
dip. After six straight down weeks the S&P 500 is down only 6% from its
April peak.
That’s not
near enough to factor all the negatives into stock prices. Those negatives
include the rapidly slowing U.S. economy, sharply rising global inflation,
plunging global markets as central banks raise interest rates to ward off
inflation, the cuts in government spending yet to hit the U.S. economy as
Washington and individual states tackle their record budget deficits, and the
end of the Fed’s QE2 stimulus program.
Yet already
Wall Street is assuring investors that the correction is over, and the lower
prices are presenting a buying opportunity.
Be careful.
After six straight down weeks the market is short-term oversold and due for a
brief rally off that oversold condition. But it’s strictly a technical
situation. The market doesn’t move in a straight line in either direction. In
strong rallies it periodically becomes short-term overbought and pulls back
some to alleviate that short-term overbought condition before the rally resumes
to new highs. In market corrections it periodically becomes short-term oversold
and rallies back up some to alleviate the short-term oversold condition before
the correction resumes.
Meanwhile,
although all financial firms have a staff of technical analysts keeping up with
the market’s technical condition, Wall Street grabs onto simple non-technical
explanations when making its attempts to keep investors buying.
So on
Thursday, it explained the market’s positive day as being a response to the
reports that new claims for unemployment fell by 16,000 in the previous week,
and new home starts were up 3.5% in May, claiming those are signs the economic
slowdown is bottoming.
They know that
reasoning is ridiculous. Unemployment claims jump up and down week-to-week for
a variety of reasons. Five weeks ago they declined a much larger 29,000 for the
week to a total of 409,000. They’ve been up and down since, and this week they
declined 16,000 to 414,000. But that’s more total claims for the week than
there were in mid-May. And new home starts rose 3.5%, but that was after an
8.8% decline in April, leaving them lower than in March and still scraping
along a depression-like 25-year low.
On Friday
morning the market continued its technical rally off the short-term oversold
condition. Wall Street said it was in response to French President Sarkozy’s remarks
that the EU will probably consent to a new bailout package for Greece. A market
strategist on a TV financial show said, “This is the catalyst a lot of people
were looking for to jump back into the market.”
Huh? That
Europe will kick the solution of the Greek debt crisis down the road again,
with another temporary bailout payment, has no connection whatever to slowing
global economies and rising inflation.
Meanwhile,
Wall Street ignored the reports that were important this week.
The Housing
Market Index, measuring the confidence of home-builders, plunged to just 13
this month (on a scale of 1 to 100), a nine-month low. Inflation at the
consumer level (CPI) was up 0.2% in May, now up 3.6% over the last 12 months,
more than double what it was a year ago. The NY State Mfg Index, and the Fed’s
Philadelphia Mfg Index, both plunged again this month, this time into negative
territory. The Philadelphia Index, often a precursor of the national reports,
plunged to -7.7 from +3.9 in May, +18.5 in April, and +43.4 in March. It was
the largest three-month collapse in the history of the report.
Meanwhile, as
global central banks raise interest rates and tighten monetary policies to
fight the rising inflation, slowing their economic growth, their stock markets
have been in serious corrections. And historically, global markets, including
the U.S., move pretty much in tandem with each other in both directions.
The world’s
ten largest economies behind the U.S. are China, Japan, Germany, France, the
United Kingdom, Brazil, Italy, Canada, India, and Russia. As a result of their
concerns about their slowing economies and rising inflation, their stock
markets are down an average of 12%, with most hitting new lows every few days,
no bottom in sight.
And Wall
Street is telling us the correction in the U.S. market is already over with a
decline of just 6%, and U.S. economic reports still coming in more negative
each month, and with more roadblocks to recovery still ahead?
Buy the dip?
I suggest
continuing to sell into any short-term strength that develops, and taking
positions in ‘inverse’ ETF’s and ‘inverse’ mutual funds, which are designed to
move opposite to the market and thus make gains in market corrections.
In
the interest of full disclosure my technical indicators triggered an
intermediate-term sell signal on the market on May 8, and I and my subscribers
have had profitable positions since in two ‘inverse’ ETFs, the ProShares Short
Russell 2000, symbol RWM, and the ProShares Short S&P 500, symbol SH. And
it is my intention to add to my downside positions in selected ‘inverse’ funds
in any short-term rally that develops.’
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might even
say off-the-chart.
Federal Tax Receipts Show Economy Grinding to a Halt
Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr.
Lenzner who has resisted through sound judgment the temptations and implicit
pressures of the herd mentality on wall street. After all, bulls are cattle and
hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv ...’
National / World
Supremes Rule EPA Final Arbiter on Carbon Dioxide Kurt
Nimmo | According to the high court, only the Environmental Protection
Agency has the authority to mandate a reduction in emissions.
One Nation Under….The Military-Industrial Complex Paul
Joseph Watson | NBC edits out “under God” from pledge of allegiance
during US Open coverage, replaces it with worship of empire.
Video Exposing Google Chief Schmidt Censored by You Tube Paul
Joseph Watson | You Tube threatens to terminate Alex Jones Channel
over baseless Obama Joker “racism” claim.
NATO’s
Terror Over Tripoli Tony Cartalucci | NATO declared
mid-May that it would be “increasing the range of targets” it could hit,
including “government infrastructure.”
Ron
Paul: “I Want To Legalize Freedom. What’s So Bad About That?” Congressman
Ron Paul fired back at an NBC host today for suggesting that he was a fringe
candidate in the 2012 GOP presidential race, despite the fact that Paul won
another straw poll over the weekend.
Supremes
Rule EPA Final Arbiter on Carbon Dioxide On Monday the Supreme Court
blocked a federal lawsuit launched by conservation groups to force power plants
to reduce so-called greenhouse gases. The ruling was 8-0.
U.N.
Exploits Libyan Refugees, Calls for Taxing “Rich” Nations Bureaucrats at
the United Nations want “rich” countries to tax their citizens to pay for an
exploding refugee problem, the Financial Times reports today.
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
One
Nation Under….The Military-Industrial Complex NBC Sports has been forced to
apologize following an outcry after the network deliberately edited out the
words “under God,” from the US pledge of allegiance in a video segment for the
US Open that showed images of US troops, but the edit has nothing to do with
NBC’s purported “liberal bias” and everything to do with the fact that NBC is
owned by the US military-industrial complex.
‘Technical
Error’: NATO admits killing babies NATO has admitted that civilians were
killed in an air strike on a Tripoli suburb on Sunday. Gaddafi officials say
two babies were among the nine dead.
Barack
Obama impersonator hauled offstage at Republican gathering A comedian
impersonating Barack Obama at a gathering of Republican activists was ushered
offstage after making series of racially tinged jokes about the president’s
biracial background
Gold
Rises To New Record In GBP – Close to Near Record Highs In Euros And Most
Currencies On Global Debt Contagion Risk Gold is being supported as default
risk has increased after EU finance ministers failed to agree on a new Greek
loan package. Gold priced in sterling rose to new record nominal highs this
morning at Ł954.84/oz and the weakness of the euro has seen gold rise to
touching distance (9 euros) from new record highs in euro terms at €1,088/oz.
Bilderberg-Approved
Perry Set to Become Presidential Frontrunner Every indication suggests that
Bilderberg-approved Texas Governor Rick Perry is set to become the frontrunner
in the Republican race to challenge Barack Obama for the presidency,
illustrating once again how a shady, secretive and undemocratic global elite
holds the reigns of true power while Americans are distracted by the delusional
notion that they have a genuine choice in 2012.
The Elite’s Plan for Global Extermination Exposed by Dr.
Webster Tarpley Infowars.com | This interview
conclusively exposes scientific elite’s true agenda, world-wide genocide and
the formation of a global government to rule.
Video Exposing Google Chief Schmidt Censored by You Tube Paul
Joseph Watson | You Tube threatens to terminate Alex Jones Channel
over baseless Obama Joker “racism” claim.
‘Up To Seven Civilians Dead’ In Tripoli Air Strike Sky
News | Libyan officials have said up to seven civilians were killed in
a Nato air strike in eastern Tripoli in the early hours of Sunday morning.
Ron Paul Wins RLC Straw Poll in a Landslide New
American | Ron Paul won the Republican Leadership Conference straw
poll by a landslide in New Orleans Saturday.
Anti-austerity
protests spread across Europe Euronews | “Society is
paying for this crisis and that’s what we want to change.”
Greece
faces power outages due to austerity strike AP | Greece
faced power outages on Monday as employees at the main power utility began
48-hour rolling strikes to protest the company’s privatization.
Clinton
on Syria: Astounding Lies, Zero Legitimacy Out of either desperation or
immeasurable hubris, Secretary of State Hillary Clinton has just attempted to
rewrite the last 3 months of history, contradicting her own department’s
statements made during the onset of the Syrian unrest.
World
Stocks, Crude Prices Fall After Europe Delays Greek Decision World stocks,
the euro and crude prices fell on Monday and bond yields in heavily indebted
euro zone countries jumped after the region’s finance ministers delayed a final
decision on extending emergency loans to Greece.
Syria
president insists he is loved as he condemns foreign conspiracy behind protests
Bashar al-Assad, the Syrian president, has blamed the unrest gripping his
country on foreign conspirators and Islamic extremists, insisting that his
people loved him more than ever.
Gates
warns Congress not to cut off Libya funds Defense Secretary Robert Gates
warned Congress on Sunday not to cut off funding for U.S. military involvement
in Libya and predicted that the operation targeting Libyan leader Muammar
Gaddafi’s forces will “end OK.”
US drops charges
against bin Laden Federal prosecutors dropped charges against Osama bin
Laden from attacks spanning more than a decade, officials said in court papers
filed in US District Court in New York Friday.
More
than 100,000 in Spain anti-crisis protests More than 100,000 protesters took to
the streets in Spain on Sunday blaming bankers and politicians for causing a
financial crisis that forced the country to adopt painful spending cuts.
NATO strike kills 15 Libyan civilians
Sen. Al
Franken: Congress must vote on Libya Sen. Al Franken (D-MN) said that
congressional approval would be needed to authorize continued U.S. military
intervention in Libya.
For
Greece, $160B wasn’t enough Officials involved in the financial rescue in
the spring of 2010 didn’t expect to be back so soon. (Washington Post) [ And
yet, this dire predicament for Greece mirroring a similar dour scenario
globally, and pervasively corrupt, defacto bankrupt america particularly is in
reality but a small part of the equally dour prospects for stocks. Stocks rally on b***s*** alone from
the eurozone on a purported, though unannounced plan by merkel and sarkozy (a
zionist now preoccupied with the Libya fiasco Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not
Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
to avoid greek default. Yet, default per se is not the problem. Indeed, China
has already said, correctly defacto if not technically, that america’s already
is in default [Drudgereport: CHINA:
USA 'ALREADY DEFAULTING'... The waning full moon also accounts for the action to the
upside as the lunatic, criminally insane, lunatics / frauds on fraudulent wall
street attempt to keep the other lunatics / suckers suckered with
contraindicated rally on insurmountably bad news (no, those new apartment
building construction numbers change nothing). This is all pre-2012 election
year unaffordable obfuscation of failure across the board. Amazingly, the
lunatics on wall street now have plenty of company worldwide, particularly that
nato / eu bunch bringing to mind that old adage of ‘apples not falling far from
the trees’, conversely speaking. Paying attention to Robert Lenzner, infra, and
Toby Connor, among others, is wise counsel . Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (Washington Post) [ Ah, yes. The Puritans. Of noble purpose,
religious freedom, freedom generally did they come to these shores. A rare
exception to the influx of immigrants to this young nation who turned out to be
more a virus to the indigenous peoples of this land than what could have been
expected from those of noble calling. Indeed, in evolutionary terms, it’s
doubtful that those so positioned abroad would have represented a positive
addition to the gene pool which, borrowing from an insurance term, viz.,
adverse selection, springs forth the notion of inevitability to the genocide of
the indigenous populations while guaranteeing the decline we see throughout
this foundering nation. The effects of these negative predispositions toward
inherent criminality is certainly being felt globally as well as domestically
and has little to recommend it. My own direct experience with the region(s)
(particularly new jersey, new york, virginia, connecticut, california) carves
out no exception for the prevalence of the worst of human nature; which is now
collectively and pervasively americana.
Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher.
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Carlyle
picks underwriters for IPO
(Washington Post) [ Clearly part of the problem. ‘Cashing out’ while the
‘goin’s good’, gettin' out while the gettin’s good? Well what else is wall
street for? Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of their
stocks so they can buy new yachts and some of this is pre-planned. But that
ratio — which has spiked recently — is extraordinarily high, one might even say
off-the-chart. The frauds on
wall street et als should be criminally prosecuted, jailed, fined, and
disgorgement imposed … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ He’s not
alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Previous: Carlyle
Group planning IPO (Washington Post) [
Come on! Mr. Heath makes this sound like an almost public service
endeavor to serve the public interest in some vague, nondescript fashion (What
of real value do they do? … kind of like the fraudulent wall street
high-frequency trading churn-and-earn … Nothing! … Like parasitic termites
eating away at the foundation of the nation); poppy’s estate plan is maximized,
along with the other principal’s financial interests by cashing out through
this ‘public offering / scam’ as for the most part, this era of their ‘jig is
up’ . Meet The Carlyle Group How will President George W. Bush make a personal
fortune from the War on Terror? The old fashioned way. He'll inherit it; Meet
the Carlyle Group .www.hereinreality.com/carlyle.html How will President George W. Bush personally make
million$, if not billion$ from the War on Terror? The easy way. He'll inherit it. Meet the Carlyle Group Former World Leaders and Washington Insiders Making Billions
in the War on Terrorism Bush Baker
Carlucci Darman Major
Ramos http://www.angelfire.com/indie/pearly/htmls/bush-carlyle.html Investment giant says it will likely sell
shares. Defense Secretary Robert M. Gates tours eastern Afghanistan, days
before the Obama administration is scheduled to complete a major review of its
war strategy. ]
Wall
Street snaps six-week decline The Dow Jones closed in positive territory,
ending the longest series of weekly losses since 2002. (Washington Post) [. Stocks rally on b***s*** alone from
the eurozone on a purported, though unannounced plan by merkel and sarkozy (a
zionist now preoccupied with the Libya fiasco Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not
Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
to avoid greek default. Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market Yet, default
per se is not the problem. Indeed, China has already said, correctly defacto if
not technically, that america’s already is in default [Drudgereport: CHINA:
USA 'ALREADY DEFAULTING'... The waning full moon also accounts for the action to the
upside as the lunatic, criminally insane, lunatics / frauds on fraudulent wall
street attempt to keep the other lunatics / suckers suckered with
contraindicated rally on insurmountably bad news (no, those new apartment
building construction numbers change nothing). This is all pre-2012 election
year unaffordable obfuscation of failure across the board. Amazingly, the
lunatics on wall street now have plenty of company worldwide, particularly that
nato / eu bunch bringing to mind that old adage of ‘apples not falling far from
the trees’, conversely speaking. Paying attention to Robert Lenzner, infra, and
Toby Connor, among others, is wise counsel . The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell /
take profits while you still can since there's much worse to come!
Gaddafi
defiant as bombing continues NATO strikes the Libyan capital at the
four-month mark of the uprising that plunged country into civil war. Report:
Obama overruled lawyers on air war Boehner
sharpens criticism of Obama on Libya
(Washington Post) [ Drudgereport: PAPER:
2 Top Lawyers Lost to Obama in Libya War Policy Debate... 'Extraordinarily rare'... [ ‘WASHINGTON
— President Obama rejected the
views of top lawyers at the Pentagon and the Justice Department when he decided
that he had the legal authority to continue American military participation in
the air war in Libya without Congressional
authorization, according to officials familiar with internal administration
deliberations. Jeh C. Johnson, the Pentagon general counsel, and Caroline D.
Krass, the acting head of the Justice Department’s Office of Legal Counsel, had
told the White House that they believed that the United States military’s
activities in the NATO-led air war amounted to “hostilities.” Under the War Powers Resolution ,
that would have required Mr. Obama to terminate or scale back the mission after
May 20…’ ]Greek
rating now worst in the world... CCC... Likely
Default... USA in
Even 'Worse Shape Financially Than Greece'...
Obama Launching World War III Infowars.com |
The international banking cartel is using Obama and the US military to start
World War III.
Globalists Call For
‘Big War’ The secret globalist group “Bilderberg” called for a big war by
expanding the turmoil in Libya into a full-scale conflict involving the entire
Middle East except for Israel. This is a grim and bloody outlook, because,
historically, every time Bilderberg orders war, the guns begin to shoot.
Gaddafi
on Libyan TV pledges to defeat NATO Libyan TV aired an audio speech from
leader Muammar Gaddafi on Friday in which he vowed to defeat the NATO alliance
trying to dislodge him from Tripoli.
Globalists Want Permanent Occupation of Iraq Paul
Joseph Watson | US has “no intentions of ever leaving” even as
December deadline nears.
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA: USA 'ALREADY
DEFAULTING'...
FARRAKHAN: 'THAT'S A MURDERER
IN THE WHITE HOUSE'... THE NEW 'NORMAL'
Iraq hunting $17 billion
missing after U.S. invasion... NATO NIGHTMARE: 9 CIVILIANS
KILLED NATO strike kills 15 Libyan civilians ] German Giant Says US Workers Lack Skills... PAPER: AMERICA'S LOST DECADE? States look to Internet taxes
to close budget gaps...
SPANIARDS ON MARCH OVER BLEAK
PROSPECTS...
House will move
this week to limit funding for effort in Libya...
'DON'T BE SURPRISED IF ATHENS
GOES UP IN FLAMES'... GREEK PM PLEADS FOR UNITY! ...warns against default Threat to downgrade Italian
debt raises contagion fears...
PAPER: AMERICA'S LOST DECADE?
Bachmann: Obama 'has failed'
blacks, Hispanics... Presidential no-show miffs
Hispanics... African-American unemployment
at 16%...
SHE'S OFF! (on the road again)
Michelle Obama embarks on Africa visit … (stay there!) ...
Federal Tax Receipts Show Economy Grinding to a Halt
Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr.
Lenzner who has resisted through sound judgment the temptations and implicit
pressures of the herd mentality on wall street. After all, bulls are cattle and
hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv. Unfortunately, this is a
watershed moment for investors again– and I’m feared all the negatives in the
world are seeming to overwhelm. We are in midst of 7th straight week down.QE2
will end in 15 days– and it played a strong support system for equities–
up 25%, oil, up 25% and gold, up 25% ever since September, 2010 when Fed
Chairman Ben Bernanke signaled he wanted to increase the wealth on paper of
investors. If equities are on the way down– and the rout today overwhelmed the
gains yesterday– then you will experience the double whammy of stocks and
homes losing value at the same time– to what extent nobody knows. Money
center banks like Bank of America certainly face write-downs from their huge
portfolio of home mortgages. Wells Fargo, a Berkshire holding, is one of the
widest held stocks by the mutual fund industry. Yes, The Greek economy is in
deep trouble, but the larger problem is the holdings of European banks in the
loans of Greece, Ireland, Portugal, Spain and Italy. Already, Moodys is talking
about downgrading 3 major French banks. It’s the turn of the British and German
banks to face huge write-offs on their loans to troubled nations– and
secondarily the need to raise more capital themselves. I was informed this
morning that some large money market funds in the US may hold large amounts of
European bank paper, which could be difficult to liquidate in the current
market environment. We’ll try to check out which ones, but you may
recall that PIMCO lost most of the $3.4 billion in Lehman Brothers fixed income
securities it owned. Then, there’s the uncomfortable coincidence of the sell off
in the emerging nations, especially China where inflation is running at 6%, and
the understandable softness in major commodities like oil– $94 in the US
today, while the dollar rallied and gold looks to have lost its momentum.
Indeed, this is a watershed moment. Just because cash is yielding nothing is no
good reason to be 100% invested in common stocks.’
3 Reasons Why Friday’s Markets Were Mixed After Greek News June 17, 2011 Wall St. Cheat Sheet ‘ Markets closed mixed on Wall Street: Dow +0.36% ,
S&P +0.30% , Nasdaq -0.28% , Crude -1.98 , Gold +0.63% .
On the
commodities front, Oil (NYSE:USO ) continued to fall, closing at $93 a barrel, while
precious metals were both up slightly, with Gold (NYSE:GLD ) adding nearly $10 to close at $1,539 and
Silver (NYSE:SLV ) showing modest gains of 0.87%, about 30 cents.
Today’s
markets were mixed because:
1) Greece gets
on track . Sort of. German Chancellor Angela Merkel and French President
Nicolas Sarkozy both spoke Friday in a joint
news conference , stressing the fact that they were working to preserve the
stability of the euro while nearing a consensus on how to handle Greece’s
bailout that won’t require private sector involvement while also (hopefully)
preventing restructuring and default. The EU breathed a small, collective sigh
of relief after the conference, and the euro made a 1.28% gain against the U.S.
dollar.
2) Conflicting
Data. Again. The Conference Board announced today that the Leading Economic
Index for the U.S. showed an increase of 0.8% last in May , but a Thomson
Reuters survey showed that consumer sentiment in June dropped even more than
had been expected after being up in May. In the meantime, the housing market
continues to be poor, and unemployment is a consistent problem. Despite
yesterday’s announcement that jobless claims had decreased, companies like
Research in Motion (NASDAQ:RIMM ) are having lay off workers as net profits and
revenue continue to decline.
3) Gas Prices
. The one tiny beacon of hope comes in the form of lower gas (NYSE:UGA ) prices, which continue to fall off record highs
last month. Crude was trading over $100 a barrel last week but is now down
around $93 today, with gas prices between $3.50 and $3.70 in most states, well
below the $4-plus many were seeing in May. ‘
Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market warning
investors to get out of the general stock market. I was confident that once
the dollar put in its three-year cycle low the next deflationary period would
begin and stocks http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%201.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/Bear%20chart%202.jpg
Click to enlarge http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%203.jpg
stock
Not only do we have a market that is testing the
prior intermediate cycle low when it shouldn't be, we also have a clear topping
pattern in place. Just like in '07 the market managed a marginal breakout to
new highs in May that failed to follow through. You can see the same thing
occurred in October of '07. This is quite often how markets top...or bottom for
that matter. A technical level is breached; technicians either buy the breakout
or sell the breakdown. Smart money fades the move and the market reverses. This
is exactly how the '07 top was formed. It's also how the market bottomed in
'02. And now the cyclical bull has topped with that exact same reversal pattern
in 2011.http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%204.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%205%20good.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%206.jpg
stock
markets moving
average http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%207.jpg
Traders assets
All this
hasn’t punctured the wishful thinking at the Fed and on Wall Street,
where corporate profits are expected to prove stock prices are too cheap.
Here’s the list of the wishful thinking items I heard or read
today;
*There won’t
be a default on US debt– or even a reduced credit rating. I have to admit
a gnawing anxiety about resolving budget cuts sufficient to raise the
debt limit by trillions. Yes, trillions. Could there really be a
political stalemate and flirtation with a crisis over our finances? I’m
beginning to think the worst of all possible worlds. China and Germany are
looking to reduce our credit rating. Comes the revolution, an overthrow of
American financial superiority.
*Oil prices
will decline and that development will allow consumers to spend
money and stimulate the economy. Maybe they will– and maybe they won’t. Rules
should installed to limit speculation in energy futures by institutional
investors.
*We are close
to a bottom in housing. My answer; we’ve been told we were close to
a bottom for many months now– and it’s an absurd notion. Yale’s Schiller is
suggesting the loss in housing values could be another 10-20%. Goldman Sachs
called this horror story over a year ago.
* If the
economy doesn’t pick up, Fed Chief Bernanke will declare QE3. Except that QE2
failed to create jobs or economic activity. It only served to help speculators
in gold, silver and oil. There will be an outcry if QE3 is declared as it only
helps the gold lovers– and they are already filthy rich.
* The bank
stocks are selling below book value; their balance sheets are clean. It’s an
enormous buying opportunity. Then, why was there talk about busting up Morgan
Stanley today. Liquidating a major investment bank? Now, that’s a
devilish sign of serious trouble on the horizon.
*Here’s the
most unhealthy element that’s operative; corporate profits and executive
compensation have been strong– while wages for ordinary Americans are lower.
“What is to be done?” asked Lenin in 1917. Neither the White House nor
Wall Street know what to do to turn this decline around.
We are all
being challenged by a deterioration that seems to have no obvious public policy
solution. Pain is coming.’
Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta |
If the US government reduced spending by 40% today, right this second we still
could not put a dent in a $12 trillion national debt.
Sen.
Sanders Spurs Return to ‘Made in America’: Says U.S. Future Depends on It The
Daily Ticker [Who would be foolish enough to say Sen. Sanders’ heart isn’t in
the right place from the perspective of a u.s. senator. Yet, who would be so
foolish as to not realize how foolish such a statement is in evincing a clear
lack of understanding in terms of business, tooling, retooling, investment and
return on investment, minimum or less wages, etc., and decades if at all to
accomplish. The reality is that they can’t unring the bell that they themselves
rung, even laughing as they did so at, for example, Ross Perot who admonished
all. The futility of the belated rhetoric is that it can’t be accomplished in
the foreseeable future that counts. ]
Are we in for a Double-Dip? [ Yes! ] Simon
Maierhofer June
17, 2011 ‘Over the past few
weeks various economic indicators have been building a coffin for the U.S.
economy. Is the last nail about to be hammered in?
Before
we entertain the much dreaded D-D word (Double Dip), let's take a look at some
of the economic numbers and see if it's really that bad.
Housing
Market
May's
data for housing was all bad. It started out with weak housing starts reported
on May 17 and continued with worse than expected pending home sales (May 27)
and an S&P/Case-Shiller Home Price Index that dipped to the lowest level
since March 2003.
The
discrepancy between the performance of real estate (NYSEArca: IYR News VNQ News
The
chart below shows the performance of the S&P/Case-Shiller Home Price Index
(20-Composite).
http://www.etfguide.com//contributor/UserFiles/8/Image/SPCase-Shiller.gif
Unemployment
This
weekend's Wall Street Journal put a positive spin on the jobless report and
simply stated: 'Job market loses momentum.' If you really look at the numbers,
you'll see that the jobless recovery never had any momentum.
It's
taken a lot of lipstick and statistical alchemy, such as excluding workers
that have been out of a job for more than 99 weeks and simply decreasing the
workforce, to keep this 'pig' more presentable than it really is.
Consumer Confidence
Consider
this for a moment. In May 2011, small caps (NYSEArca: IWM News IWR News EFA News
Despite
certain segments of the market being at all-time highs and the Dow Jones (DJI:
^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) at new recovery highs,
the Consumer Board's Consumer Confidence Index was at a dismal 60.8 in May.
http://www.etfguide.com//contributor/UserFiles/8/Image/CCB%20Confidence%20Index.gif
As
the above chart shows, the average reading since 1967 is 94.5. The current
reading is lower than it was after the 9-11 attacks and about as low as in
2002. Consumer spending accounts for 75% of GDP. What happens if the consumer
doesn't feel confident?
Worse than Expected
Other
worse than expected numbers in May came from the Empire State Manufacturing
Survey, Redbook Retail Survey, Philly Fed Survey, Durable Goods Orders, GDP,
Chicago PMI, and the ISM Manufacturing Report.
They
were worse than expected because economists - who are generally bullish at the
top and bearish at the bottom - expected much better numbers. Thanks to
Citigroup, it is now possible to quantify just how right or wrong economists
are.
The
Citigroup Economic Surprise Index measures actual data outcome relative to
consensus expectations. A positive index reading means that economic releases
have, on balance, been beating consensus estimates. As of June 2, the index was
at -91 (see chart below). By June 16 it had dropped to -101.
http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI.gif
Dare to be Different
Unlike
most economists, the ETF Profit Strategy Newsletter expected the market to peak
out after an April rally. Following a low-risk entry against major Fibonacci
support at 1,255 in March, the S&P formed a rare bullish dragonfly doji.
The Newsletter's forecast for the month of April (issued on April 3) read as
follows:
'A
dragonfly doji generally carries bullish implications. Considering the overall
technical picture and the bullish April seasonality, higher prices seem likely
and odds favor a buy the dips strategy over the next 1-3 weeks. There is a
fairly strong Fibonacci projection resistance at 1,369. In terms of resistance
levels, the 1,369 - 1,xxx (reserved for subscribers) range is a strong
candidate for a reversal of potentially historic proportions.'
The
importance of 1,369 was re-emphasized again on May 1, with a recommendation for
aggressive investors to short the S&P against 1,369. Following a 46-month
low in the VIX (Chicago Options: ^VIX) on Friday April 29, the S&P topped
on Monday May 1, at 1,370 and hasn't really looked back since.
Adjusting the Sensors
The
purpose of any sensor, gauge, or indicator is to signal trouble before it
happens. A 'Check Engine' light doesn't help much if it lights up after
the engine blows. The proverbial canary in the coal mine is vital because it
smells toxic gases before anyone else does.
Unfortunately,
Wall Street doesn't subscribe to the concept of prevention, and neither do
economists. If they did, there wouldn't have been a 2002 tech crash (NYSEArca: XLK News XLF News
Many
economic indicators (and the economy) never really recovered. Normally this is
reflected in stock prices. However, like a muzzle, QE2 has restrained the stock
market from expressing its feelings freely. Investors may hope that Mr.
Bernanke will unleash some version of QE3, but now is not the time to base
investment decisions on hope. After a 100%+ rally from the 2009 low, the easy
money has been made…’
16
Meaningless Market Phrases That Will Make You Sound Smart On TV The
Daily Ticker
Here
are the16
Meaningless Market Phrases That Will Make You Sound Smart On TV
CNBC's
15 Most Embarrassing Bloopers Slideshow Thwarter on Nov 4, 12:20 PM said:
Here's
a complete list for those of you who have better things to do than waste your
time indulging this site's desperate ploy for clicks:
http://www.businessinsider.com/the-10-best-cnbc-screw-ups-2009-11#charlie-gasparinos-f-bomb-1#ixzz1PbIEJdXN
[video]Trader:
Dow Could Drop to 10,500 TheStreet.com TV
The day in 2011 that will change your life – overnight(!) WARNING: What you are about to see is controversial, and may be
offensive to some audiences. Viewer discretion is advised. http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
IMF
cuts U.S. growth forecast, warns of crisis Reuters | The
IMF, in its regular assessment of global economic prospects, said bigger
threats to growth had emerged since its previous report in April.
How
Miserable? Index Says the Worst in 28 Years When it comes to measuring the
combination of unemployment and inflation, it doesn’t get much more miserable
than this.
Greek
debt crisis: billions more will be pumped in to rescue Greece The
International Monetary Fund is preparing to pump more money into Greece’s
stricken economy in an attempt to calm turmoil on the financial markets.
Europe’s
‘Lehman Moment’ Looms as Greek Debt Unravels Markets: Euro Credit The
European Union’s failure to contain the Greek debt crisis is sending fresh
shockwaves through currencies, money markets, equities and derivatives.
National / World
Texas State Officials Groped By TSA As “Punishment” Steve
Watson | Agents admit forceful pat-downs were conducted when officials
opted out from body scanners.
Obama Launching World War III Infowars.com |
The international banking cartel is using Obama and the US military to start
World War III.
Apple wants to turn off iPhone cameras RT
| Apple users have often found workarounds for many of the iPhones features
since it was released.
Globalists Want Permanent Occupation of Iraq Paul
Joseph Watson | US has “no intentions of ever leaving” even as
December deadline nears.
Are
Hacker Attacks False Flag Attacks to Justify a Crackdown on the Internet? LulzSec
hasn’t demanded democracy, freedom, justice or any other worthy goals. They are
just attacking websites. [ I personally believe a majority of the hacks are
american cia / nsa sponsored. ]
Globalists Call For
‘Big War’ The secret globalist group “Bilderberg” called for a big war by
expanding the turmoil in Libya into a full-scale conflict involving the entire
Middle East except for Israel. This is a grim and bloody outlook, because,
historically, every time Bilderberg orders war, the guns begin to shoot.
Gaddafi
on Libyan TV pledges to defeat NATO Libyan TV aired an audio speech from
leader Muammar Gaddafi on Friday in which he vowed to defeat the NATO alliance trying
to dislodge him from Tripoli.
FBI Says
Somali al-Qaeda May Attack Hotels Authorities in the United States are
warning that al-Qaeda in Somalia plans to launch a Mumbai-style attack on the
Ritz Carlton in London.
Obama Launching World
War III In this critically important update, Alex warns that the
international banking cartel is using Obama and the US military to start World
War III. Globalists
Want Permanent Occupation of Iraq Despite the fact that U.S. troops are
scheduled to leave Iraq later this year, chatter arising out of the recent
Bilderberg conference in St. Moritz strongly suggests that the occupation will
be prolonged indefinitely, even as US military forces prepare for new
interventions in Libya and Syria.
Goldman,
JP Morgan Have Now Become A Commodity Cartel As They Slowly Recreate De Beers’
Diamond Monopoly About a month ago we reported on an inquiry launched into
JPM’s “anti-competitive” and “monopolistic” practices on the LME which have
resulted in artificially high prices for a series of commodities which had been
hoarded by the Too Big To Fail bank.
Ron Paul: Bold
Economic Leadership Ron Paul has proven to be the voice of reason in
American politics. For over three decades, he has been consistently and
vigilantly sounding the alarm on runaway government spending and the out of
control, destructive policies of the Federal Reserve System. Is
Obama About to Install a Commie at the Pentagon? Leon Panetta, Obama’s man
at the CIA that he wants to send on to the Defense Department, is a Marxist
according to Aaron Klein, writing for WorldNetDaily.
America
Is Being Raped … Just Like Greece and Other Countries The war between
liberals and conservatives is a false divide-and-conquer dog-and-pony show
created by the powers that be to keep the American people divided and
distracted.
Fluoride Is Good For You
:) Luke was onsite in Dundalk and decided to interview Walter Graham about
the ongoing stupidity of water fluoridation. Luke himself thinks that fluoride
is great for the teeth but Walter decided to inform him of the truth.
INFOWARS
EXCLUSIVE: Military Sources Reveal Ground Force Invasion of Libya Infowars.com
has received alarming reports from within the ranks of military stationed at
Ft. Hood, Texas confirming plans to initiate a full-scale U.S.-led ground
invasion in Libya and deploy troops by October. Nigel
Farage: Bankers+politicians = ‘unholy alliance’ vs people Renowned
Eurosceptic and British Euro MP Nigel Farage says saving the banks is why
politicians are so determined to bail out Greece and keep it in the Eurozone.
‘American
Exceptionalism’ Just More NWO Rhetoric During the 2012 election campaign,
you’ll probably be hearing a lot about “American exceptionalism,” particularly
from the Republican presidential candidates. [ The only american exceptionalism
today is in fraud, crime, and mental illness. Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered
by the purveyors of global unrest; viz., israel, america, Orwellian england,
etc.; more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Pressed
by party, Weiner resigns N.Y.
congressman decides to step down following revelations that he sent sexually
explicit messages and photos to women online. (Washington Post) [Drudgereport: WEINER
ROASTED... [ Ah, yes. Weeny
roast indeed. Ain’t gonna’ have Tony to kick around anymore. The end of a saga
as Tony Weiner resigns. Truth be told, I’m a bit surprised. After all, as
stated in a soundbite of a new york voter, ‘they (the rest of congress) are
worse than him!’ Difficult to dispute. The truth, that is. Kind of like that scene in ‘Road to
Perdition’ of mob boss Newman’s retort to hitman / enforcer Hanks, ‘there are
only murderers in this room’. Point well-taken. After all, they backed bush’s
war crimes, covered up wall street’s crisis-causing frauds in the trillions
even to this day, are venal and corrupt even as they, along with the executive
branch, scoffed at straight-shooters as Ross Perot who highlighted what is now
recognized as gross incompetence, extended their tainted touch to the quid pro
quo federal courts, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] Press
conference turns into circus... NO HUMA... MSNBC
Host: 'Reminded me of Saddam Hussein hanging'... REPORT:
Could Run For Seat Again in Upcoming Special Election... Congressman
Joins Jobless Ranks... ...Approached
for 'Entourage' Cameo
SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Cops
probe texts to teen girl... MSG:
'Large. Tights and cape'... Weiner
admits, says they were harmless... Rangel
defends: 'He wasn't going out with little boys'... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner
admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep.
Anthony Weiner confessed Monday that he tweeted a photo of his bulging
underpants to a young woman, and he also admitted to "inappropriate"
excha...’ Tearful US
congressman admits to crotch photos (AFP) ]'This
Could Be The End For Him'... ’Pot Calls
Kettle Black’: Donald
Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
NSA,
Internet carriers collaborating
Program is deploying tools to scan major defense contractors’ traffic in
hopes of thwarting cyberattacks.
(Washington Post) [ Oh come on! News? Even before google’s overt
relationship with the NSA (their bots don’t need internet carrier
collaboration), I presumed, and I believe correctly, virtually anything on your
screen or the web’s available to them (there are also backdoors through
identifying intel chips, and microsoft’s monopoly depends on cooperation,
etc.). I’ve certainly been hacked more than once. The ‘cloud’ is a laugher in
that regard. Facebook
Censoring Some Alternative News Sites While Allowing Hackers To Attack Others Infowars.com Facebook now appears to be
censoring some alternative news sites while allowing hackers to go after
others. It is no wonder they lost 6 Million users in the US last month. Google
denies special deal for Barack Obama Infowars.com Google denied Wednesday that it gave President Barack
Obama’s re-election campaign special access to a new advertising program,
something a sales representative from the search and advertising giant had
claimed in an email to customers. The Cloud: Trojan Horse For Internet Takeover [ I must agree and find it difficult to
imagine any rational person giving over to the cloud their own computer ops. ] Paul
Joseph Watson | Welcome to a corporate, cable TV-style world wide
web. Change:
First Lady Wants Hollywood to Excrete Even More Pro Military Propaganda Michelle
Obama wants to see more stories of military families on TV and in movies, so
she came to Hollywood to do something about it. Drudgereport: Protesters burn American flag during Obama visit to Puerto
Rico -- a
U.S. territory ... I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv
Afghans
prepare to take over security In areas where Afghan forces will be taking
control from foreign troops next month, emotions are mixed. (Washington Post)
[ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones
FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Greece
teeters amid default risk Athens reshuffles cabinet and works to convince a
nation to stand behind a new round of spending cuts. (Washington Post) [Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr.
Lenzner who has resisted through sound judgment the temptations and implicit
pressures of the herd mentality on wall street. After all, bulls are cattle and
hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv. Unfortunately, this is a
watershed moment for investors again– and I’m feared all the negatives in the
world are seeming to overwhelm. .. Yes, The Greek economy is in deep trouble,
but the larger problem is the holdings of European banks in the loans of
Greece, Ireland, Portugal, Spain and Italy. Already, Moodys is talking about
downgrading 3 major French banks. It’s the turn of the British and German banks
to face huge write-offs on their loans to troubled nations– and secondarily the
need to raise more capital themselves. I was informed this morning that some large
money market funds in the US may hold large amounts of European bank paper,
which could be difficult to liquidate in the current market
environment. We’ll try to check out which ones, but you may recall
that PIMCO lost most of the $3.4 billion in Lehman Brothers fixed income
securities it owned. Then, there’s the uncomfortable coincidence of the sell
off in the emerging nations, especially China where inflation is running at 6%,
and the understandable softness in major commodities like oil– $94 in the US
today, while the dollar rallied and gold looks to have lost its momentum.
Indeed, this is a watershed moment. Just because cash is yielding nothing is no
good reason to be 100% invested in common stocks.’
Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market warning
investors to get out of the general stock market…’
Daley’s
courtship of executives hits rough patch White House Chief of Staff William
M. Daley, meeting with a group of manufacturing executives in Washington, finds
an exasperated crowd airing their grievances over the president’s policies.
(Washington Post) [ Courtship … rough patch … sounds likes excerpts from a
group family therapy session … not that they aren’t in need of substantial
therapy; and that goes for the vastly overpaid american execs as well as the
whitehouse, et als. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS –
PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta |
If the US government reduced spending by 40% today, right this second we still
could not put a dent in a $12 trillion national debt. Sen.
Sanders Spurs Return to ‘Made in America’: Says U.S. Future Depends on It The
Daily Ticker [Who would be foolish enough to say Sen. Sanders’ heart isn’t in
the right place from the perspective of a u.s. senator. Yet, who would be so
foolish as to not realize how foolish such a statement is in evincing a clear
lack of understanding in terms of business, tooling, retooling, investment and
return on investment, minimum or less wages, etc., and decades if at all to
accomplish. The reality is that they can’t unring the bell that they themselves
rung, even laughing as they did so at, for example, Ross Perot who admonished
all. The futility of the belated rhetoric is that it can’t be accomplished in
the foreseeable future that counts. ]
Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr.
Lenzner who has resisted through sound judgment the temptations and implicit
pressures of the herd mentality on wall street. After all, bulls are cattle and
hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv...’
Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market warning
investors to get out of the general stock market. I was confident that once
the dollar put in its three-year cycle low the next deflationary period would
begin and stocks http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%201.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/Bear%20chart%202.jpg
Click to enlarge http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%203.jpg
stock
Not only do we have a market that is testing the
prior intermediate cycle low when it shouldn't be, we also have a clear topping
pattern in place. Just like in '07 the market managed a marginal breakout to
new highs in May that failed to follow through. You can see the same thing occurred
in October of '07. This is quite often how markets top...or bottom for that
matter. A technical level is breached; technicians either buy the breakout or
sell the breakdown. Smart money fades the move and the market reverses. This is
exactly how the '07 top was formed. It's also how the market bottomed in '02.
And now the cyclical bull has topped with that exact same reversal pattern in
2011.http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%204.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%205%20good.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%206.jpg
stock
markets moving
average http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%207.jpg
Traders assets
alpeia
wrote
Stocks
tumble on news from Greece http://www.washingtonpost.com/business/economy/prices-rise-in-may-triggering-inflation-concerns/2011/06/15/AGMBoFWH_allComments.html?ctab=all_&#weighIn Wall Street lost its footing after a
rebound from six weeks of consecutive losses. (Washington Post) [ If that were
only true as the reason for the tumble. After all, u.s. stocks have been
unaffordably and artificially propped up and overvalued far beyond rationality
in seldom seen bubble-territory. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed… an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling In May Is Very Good Advice This Year Harding Remember:
Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘
‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs ‘ Dave's Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam).
POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money--America Is a Failed
State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim
economic reality [ http://albertpeia.com/grimreality.htm
]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are
Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale
University’s Dr. Robert Shiller, the market is now 41% overvalued …only time
the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s...
Navin 1) The 5-year high in the level of insider corporate stock sales is
telling. At 565 sells for every 1 buy, it’s never been higher..extraordinarily
high, one might even say off-the-chart. http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane... http://www.albertpeia.com
Today
6/16/2011 12:08:23 AM PST
alpeia
wrote
U.S.-Pakistan
relationship in danger http://www.washingtonpost.com/national/national-security/arrest-indicates-pakistan-leaders-face-rising-pressure-to-curb-us-role/2011/06/12/AGrSi2VH_story.html The relationship is likely to deteriorate
further as Pakistani officials including Army chief Gen. Ashfaq Kiyani come
under pressure, endangering counterrorism programs. (Washington Post) [
U.S.-Pakistan? If it was only ‘U.S.-Pakistan’ as opposed to U.S. and the rest
of the world beyond war crimes nation and u.s. ward israel, and the defacto
bankrupt as america EU, one might say at least a little progress on the
‘non-foreign policy’ front. Yet, that’s but a dream thanks
to war mongering neo-cons, zionists, and so-called change-meister, failed
president as bush, ‘wobama the b’ for b***s***. Drudgereport: OBAMA: WHAT WAR IN
LIBYA? 'No exchange of fire with hostile forces'... Lawmakers Sue... Price tag projected to be $1.1 Billion this year... AHMADINEJAD JOINS CHINA, RUSSIA AT SUMMIT... IRAN PRESIDENT CALLS FOR ALLIANCE AGAINST WEST... Greece Crippled by Protests, Strike Over
Austerity... Likely Default... USA in Even 'Worse Shape Financially Than Greece'... Protesters burn American flag during Obama visit to Puerto
Rico -- a U.S. territory... VIDEO: Heckled At Miami Fundraiser... Report: SEC lawyer exposed FBI informant (Washington Post)
[ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or
post’ arrangement, whether implicit or explicit; you know, that ubiquitous
‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed,
the scenario typifies that national drain / sinkhole new york (new york / new
jersey metro) where, for example, FBI informants were routinely exposed by
‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkill...
bankrupt america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
]: CRIME STATISTICS >(america is No. 1) Rank Countries Amount # 1 United States: 11,877,218 # 2 United Kingdom: 6,523,706 # 3 Germany: 6,507,394 UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore
cases that involve black defendants and white victims ' Cases against Wall
Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityver...
http://www.albertpeia.com
6/15/2011
11:35:48 PM PST
alpeia
wrote
Deja
Vu of dot-com bubble http://www.washingtonpost.com/business/economy/pandora-ipo-feeds-fear-of-dot-com-bubble/2011/06/15/AGaZrWWH_allComments.html?ctab=all_&#weighIn Pandora’s IPO success is making observers
worried about a return to the dot-com bubble of the 1990s. (Washington Post) [
Dot-com bubble of the 90’s sounds like wishful thinking, as bad as that was.
More like, Equity Valuations Are Forming the Second Biggest Bubble in U.S.
History Kaspar According to Yale University’s Dr. Robert Shiller, the market is
now 41% overvalued …only time the markets have been more overvalued .. 1929
& tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s...
Navin 1) The 5-year high in the level of insider corporate stock sales is
telling. At 565 sells for every 1 buy, it’s never been higher.. Sell On The
Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with
Mr. Lenzner who has resisted through sound judgment the temptations and
implicit pressures of the herd mentality on wall street. After all, bulls are
cattle and hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv. Unfortunately, this is a watershed moment
for investors again– and I’m feared all the negatives in the world are seeming
to overwhelm. We are in midst of 7th straight week down.QE2 will end in 15
days– and it played a strong support system for equities– up 25%, oil, up 25%
and gold, up 25% ever since September, 2010 when Fed Chairman Ben Bernanke
signaled he wanted to increase the wealth on paper of investors.If equities are
on the way down– and the rout today overwhelmed the gains yesterday– then you
will experience the double whammy of stocks and homes losing value at the same
time– to what extent nobody knows. Money center banks like Bank of America
certainly face write-downs from their huge portfolio of home mortgages.. Just
because cash is yielding nothing is no good reason to be 100% invested in
common stocks.’ http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane... http://www.albertpeia.com/currentopics2ndqtr10108....
http://www.albertpeia.com
Today
6/16/2011 12:04:10 AM PST
alpeia
wrote
White
House defends Libya action http://www.washingtonpost.com/politics/obama-administration-libya-action-does-not-require-congressional-approval/2011/06/15/AGLttOWH_allComments.html?ctab=all_&#weighIn The administration’s stance puts it at odds
with GOP leaders and some anti-war Democrats. (Washington Post) [ Well, the
defacto bankrupt u.s. can afford it! After all, we’re talking, Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S. Dead
in Afghanistan Tops 1,500... , days, not weeks. http://www.albertpeia.com/realifeamericaserialkill...
bankrupt america also spends more on military than all the nations of the world
combined...fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc.,are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
]: http://albertpeia.com/obamadeceptionhighqualityver...
http://www.albertpeia.com
6/15/2011
11:42:21 PM PST
Recommend
Recommended
by 2 readers
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'... MERKEL
FALLS ON SWORD; MORE GREEK BAILOUT
'MISERY
INDEX' HIGHEST IN 28 YEARS... Abandoned Children Found Running Naked Through Jersey City
Streets...
Exposed:
The secret guns sting that backfired on the US... Carney:
Obama 'Did Not Know About Or Authorize' Gunrunning Op... PAPER:
2 Top Lawyers Lost to Obama in Libya War Policy Debate... 'Extraordinarily rare'... [ ‘WASHINGTON
— President Obama rejected the
views of top lawyers at the Pentagon and the Justice Department when he decided
that he had the legal authority to continue American military participation in
the air war in Libya without Congressional
authorization, according to officials familiar with internal administration
deliberations. Jeh C. Johnson, the Pentagon general counsel, and Caroline D.
Krass, the acting head of the Justice Department’s Office of Legal Counsel, had
told the White House that they believed that the United States military’s
activities in the NATO-led air war amounted to “hostilities.” Under the War Powers Resolution ,
that would have required Mr. Obama to terminate or scale back the mission after
May 20…’ ]Greek
rating now worst in the world... CCC... Likely
Default... USA in
Even 'Worse Shape Financially Than Greece'... Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... VIDEO:
Heckled At Miami Fundraiser... Carney
defends WH meeting with Wall Street donors... POLL:
Obama Loses to Generic Republican... GREECE
FACES DEMAND FOR DEEPER CUTS...
CHINA
RUSSIA CLOSER
Union
boss: 'Adolf Christie' trying 'to make NJ Nazi Germany'... [ Come on! Let’s get real here! First,
corrupt mob-infested jersey is already that and worse. Second, defacto mob
control, such as it is in jersey, is already facist which ultimately is what
totalitarian regimes are all about, be they right or even left. ]STUDY:
Land of the Free? NY, NJ, CA come out at bottom of individual freedoms...
THE
FALL OF GREECE... Deal
fails to ease contagion fears; Spanish borrowing costs hit 11-year highs...
Russia,
China warn West against Arab interference...
NSA,
Internet Providers Teaming Up To Monitor 'Web Traffic'... Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'... BOEHNER
GIVES OBAMA ULTIMATUM ON LIBYA 'In
five days, the administration will be in violation of the War Powers
Resolution' on Libya... THE
OTHER WAR: Secret US, Afghan talks could see troops stay for decades ... US Housing
Crisis Now Worse Than Great Depression... Since
stimulus passed, 1.9 M fewer
Americans working... REPORT:
Gold headed for $5K an ounce... OPEC
sees risk of price rise, shortage...
Obama on Weiner: 'I would resign'... Earlier:
Sex Twittering Dem a 'Distraction'... Will
keep $174,000 salary while in rehab...
POLL:
Just 26% Favor Continued Military Action in Libya... UK
Navy chief: Britain cannot keep up its Libya role... Vancouver
Rocked By Stanley Cup Riot... Congratulations
to the Boston Bruins! ] 150
hospitalized... Hockey
dream turns nightmare... SHOCK
VIDEO: Crowd stomps man who tried to stop looting...
DALLAS
MAVS SHUT DOWN THE HEAT... Congratulations
to the Dallas Mavericks! REPORT:
Stocks Face Rocky Week... DOW
FALLS BELOW 12,000... Six-week
losing streak longest since Oct 2002... Nasdaq
Turns Negative for Year... Fed to
Announce 'Final Bond Purchases' Today... Another
Housing Drop Predicted... STUDY:
Most Americans 'won't be able to retire until their 80s'... Cash-strapped
states considering online lottery sales...
GALLUP:
OBAMA BACK UNDERWATER 45/46... PA
2008: OBAMA 55%; 2011: 41% APPROVAL... FLA:
Trouble in Paradise...
MURDER
CONVICTION TOSSED OVER 'RACIST' COMMENTS...
Swiss
Politicians To March On Bilderberg, Demand Arrest Of Kissinger... Italian
Politician 'bloodied' sneaking into hotel...
ECONOMIC 'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... CHICAGOLAND:
Flash Mobs Attack 2 Men... WAR
NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES Chicago
rapper calls Obama 'biggest terrorist' in US... Poll:
Obama approval rating drops as fears of depression rise... OBAMACARE
GOES TO COURT... Judges
suggest they may be ready to declare law unconstitutional... ...Express
unease with gov't forcing Americans to buy health care Random
mobs run wild in Chicago... TARGET
CITY BUSES... Victims
seriously injured... NYT: SAUDIS
SPENDING $7K PER CITIZEN TO AVOID OVERTHROW OF KINGDOM... DEVELOPING... OBAMA
OFFERS BAILOUT $$ FOR GREECE... POLL:
Only 24% Say They Share President's Political Views... Nearly
half of Americans fear another Great Depression... OPEC
BREAKDOWN, NEW OIL SPIKE... FED:
Economy falters in several US regions... Lack
of buyers may force Treasury to boost interest rates... China
overtakes USA as top energy consumer... Warns
debt-default idea is 'playing with fire'... Fitch
to review US debt rating... TAX
FURY IN ATHENS AS GOV'T FACES DEBT 'Bankrupt'
claim heightens Spanish debt fears... 9.1% MAY JOBS: +54,000... MCDONALD'S
hired half... Fears
stoked of a 'double-dip'... CBO:
True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama
Claims... Taxpayers
Still Bailing Out Banks... WH:
'Bumps on the road to recovery'... O
gets booed... LET'S
GOLF ABOUT IT China
Divests 97% of Holdings in US Treasury Bills... DOOM: More
Americans Think Economy Will Never Recover... GOP
sees Obama as increasingly beatable... Recovery
Languishing as Americans Await Signal of Better Times... Congress
Delivers Obama 'Stunning Rebuke on Libya'... Weiner
withdraws from speaking engagement... Dow
tumbles 280 points... Private Sector Jobs Grew By Only 38,000 in May... Planned
Layoffs Up... Manufacturing
Slows... MOODY'S:
US Rating Could Be Placed Under Review... Greece
goes further into junk territory; MOODY'S downgrades... AP:
Consumer confidence falls 'unexpectedly' in May... BARONE:
Pro-Obama media always shocked
by bad economic news... Home-price
index at lowest point since 2006 bust... 'Double-Dip'
Even Worse Than Expected... GOLDMAN
SACHS: $5 gas this summer... Number
of federal-owned limousines has soared under Obama... Obama
bailout of GOV'T MOTORS to cost taxpayers at least $14 billion... Obama
solicitor general: Don't like healthcare mandate, earn less money! REPORT:
Senate's 100 members spend $40M for 700 offices nationwide... 7
'NATO troops' killed Thursday were American... British
Health Care Program in Grave Peril... Netanyahu:
Israel cannot prevent UN recognition of Palestinian state... First
ID'ed as 'Int'l Security Assistance Force service members'... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA Anti-Christian
Violence Continues in Pakistan... UPDATE:
MIAMI 'WAR ZONE' DURING URBAN WEEKEND... 'I
was scared for my life'... Poet
'Da Real One' Gunned Down In Front Of Miami Poetry Cafe... Violent
crime explodes in Myrtle during Black Bike Week; 8-hour hell... Rib
Fest At Rochester beach turns rowdy... Riot
On Long Island... Urban
Melee In Charlotte... Chaos
causes DNC concern for convention... Unruly
urban crowd shuts down Nashville water park... Emanuel
shuts down packed Chicago beach; 'heat-related illnesses'... REPORT:
'Dozens of gang bangers'... TEEN
GANGS UNLEASHED ON BOSTON BEACH WHO: Radiation From Cell Phones Can Cause Cancer... In same category as lead, engine exhaust,
chloroform... VIDEO:
Woman Screams For Help After TSA Molestation...
WEINER
ROASTED... [ Ah, yes. Weeny
roast indeed. The end of a saga as Tony Weiner resigns. Truth be told, I’m a
bit surprised. After all, as stated in a soundbite of a new york voter, ‘they
(the rest of congress) are worse than him!’ Difficult to dispute. The truth,
that is. Kind of like that scene in
‘Road to Perdition’ of mob boss Newman’s retort to hitman Hanks, ‘there are
only murderers in this room’. Point well-taken. After all, they backed bush’s
war crimes, covered up wall street’s crisis-causing frauds in the trillions
even to this day, are venal and corrupt even as they scoffed at
straight-shooters as Ross Perot who highlighted what is now recognized as gross
incompetence, extended their tainted touch to the quid pro quo federal courts,
etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] Press
conference turns into circus... NO HUMA... MSNBC
Host: 'Reminded me of Saddam Hussein hanging'... REPORT:
Could Run For Seat Again in Upcoming Special Election... Congressman
Joins Jobless Ranks... ...Approached
for 'Entourage' Cameo
SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Cops
probe texts to teen girl... MSG:
'Large. Tights and cape'... Weiner
admits, says they were harmless... Rangel
defends: 'He wasn't going out with little boys'... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) Tearful US congressman admits to crotch photos (AFP) ] 'This
Could Be The End For Him'... ’Pot Calls
Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the objection
of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia /
organized crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Worst
Market In Nine Years Spells Worsening Woes at Forbes Robert Lenzner StreetTalk ‘We broke through 12,000 on the Dow
today in the climax to the worst week in 9 years. It was also the
6th straight week of stock declines– widely understood to be a sign of
what’s to come in the economy. Even Apple, the darling of the tech world, sold
off every day this week– even in the face of Steve Jobs introduction of the
“cloud” storage of all our social media and entertainment software.All this
hasn’t punctured the wishful thinking at the Fed and on Wall Street,
where corporate profits are expected to prove stock prices are too cheap.
Here’s the list of the wishful thinking items I heard or read
today;
*There won’t
be a default on US debt– or even a reduced credit rating. I have to admit
a gnawing anxiety about resolving budget cuts sufficient to raise the
debt limit by trillions. Yes, trillions. Could there really be a
political stalemate and flirtation with a crisis over our finances? I’m
beginning to think the worst of all possible worlds. China and Germany are
looking to reduce our credit rating. Comes the revolution, an overthrow of
American financial superiority.
*Oil prices
will decline and that development will allow consumers to spend
money and stimulate the economy. Maybe they will– and maybe they won’t. Rules
should installed to limit speculation in energy futures by institutional
investors.
*We are close
to a bottom in housing. My answer; we’ve been told we were close to
a bottom for many months now– and it’s an absurd notion. Yale’s Schiller is
suggesting the loss in housing values could be another 10-20%. Goldman Sachs
called this horror story over a year ago.
* If the
economy doesn’t pick up, Fed Chief Bernanke will declare QE3. Except that QE2
failed to create jobs or economic activity. It only served to help speculators
in gold, silver and oil. There will be an outcry if QE3 is declared as it only
helps the gold lovers– and they are already filthy rich.
* The bank
stocks are selling below book value; their balance sheets are clean. It’s an
enormous buying opportunity. Then, why was there talk about busting up Morgan
Stanley today. Liquidating a major investment bank? Now, that’s a
devilish sign of serious trouble on the horizon.
*Here’s the
most unhealthy element that’s operative; corporate profits and executive
compensation have been strong– while wages for ordinary Americans are lower.
“What is to be done?” asked Lenin in 1917. Neither the White House nor
Wall Street know what to do to turn this decline around.
We are all
being challenged by a deterioration that seems to have no obvious public policy
solution. Pain is coming.’
Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta |
If the US government reduced spending by 40% today, right this second we still
could not put a dent in a $12 trillion national debt.
Sen.
Sanders Spurs Return to ‘Made in America’: Says U.S. Future Depends on It The
Daily Ticker [Who would be foolish enough to say Sen. Sanders’ heart isn’t in
the right place from the perspective of a u.s. senator. Yet, who would be so
foolish as to not realize how foolish such a statement is in evincing a clear
lack of understanding in terms of business, tooling, retooling, investment and
return on investment, minimum or less wages, etc., and decades if at all to
accomplish. The reality is that they can’t unring the bell that they themselves
rung, even laughing as they did so at, for example, Ross Perot who admonished
all. The futility of the belated rhetoric is that it can’t be accomplished in
the foreseeable future that counts. ]
[video]Trader:
Dow Could Drop to 10,500 TheStreet.com TV
Enter
the FBI's Vault: Groucho Marx, Sonny Bono, Helen Keller, UFOs, and Louie Louie
at Forbes Bill Singer
Street Sweeper ‘The Federal Bureau of Investigation (“FBI”) recently
advised the public of the online availability of The Vault Curious as to
what might be buried in The Vault , I’ve recently spent a bit of time
there. Frankly, it’s been fascinating. Here are some of the listed
categories of documents:
- Administrative
Policy Procedures Anti-War Bureau Personnel Civil Rights Counterterrorism Foreign
Counterintelligence Fugitives Gangs Extremist
Groups Gangster Era Hot Topics Miscellaneous Organizations Organized Crime Political
Figures Events Popular Culture Public Corruption Supreme Court Unexplained
Phenomenon World War II Violent Crime
Going from the
sublime to the ridiculous, we find this entry:
In 1963, a rock group named the Kingsmen recorded the
song “Louie, Louie.” The popularity of the song and difficulty in discerning
the lyrics led some people to suspect the song was obscene. The FBI was asked
to investigate whether or not those involved with the song violated laws
against the interstate transportation of obscene material. The limited
investigation lasted from February to May 1964 and discovered no evidence of
obscenity.
Among the folks featured in the Popular Culture the
Monkees (Apparently the FBI thought that this subversive “combo”
described as dressing “beatnik like” were projecting subliminal anti-war
messages during their concerts ), Sonny Bono (Sonny Bono??? Yup!), Lucille
Ball (Lucy has a 156-page file suggesting she was a registered
Communist from 1936 to 1938. You got some ‘splainin’ to do Lucy! ), Walter
Cronkite (Cronkite? Really?? Uh huh), Groucho Marx (Perhaps
Karl Marx was part of the original Marx Brothers? ), George Burns, Colonel
Sanders (The Kentucky Fried Chicken Guy? Yeah, he has a file too), Rocky
Marciano, Marilyn Monroe,
Helen Keller (Nah, ya gotta be kidding me with this one. Nope — there
are some 45 pages concerning allegations of her Communist sympathies. Maybe the
“Miracle Worker” was supposed to be the “Miracle Workers of The World Unite!” ),
the Doors, the Beatles, Frank Sinatra, and far too many more to mention.
What other fascinating tid-bits are in The
Vault
In 1988, two FBI offices received similar versions of
a memo titled “Operation Majestic-12…” claiming to be highly classified
government document. The memo appeared to be a briefing for newly-elected
President Eisenhower on a secret committee created to exploit a recovery of an
extra-terrestrial aircraft and cover-up this work from public examination. An
Air Force investigation determined the document to be a fake.
Then there was a truly intriguing one-page
document – a memo from Mr. Guy Hottel (apparently a Special Agent
in Charge (“SAC”) in Washington, D.C.), dated March 22, 1950, titled
“Flying Saucers: Information Concerning
The following information was furnished to SA
[redacted]:
An investigator for the Air Force stated that three
s0-called flying saucers had been recovered in New Mexico. They were
described as being circular in shape with raised centers, approximately 50 feet
in diameter. Each one was occupied by three bodies of human shape but
only three feet tall, dressed in metallic cloth of a very fine texture. Each
body was bandaged in a manner very similar to the blackout suits used by speed
flyers and test pilots.
According to Mr. [redacted] informant, the saucers
were found in New Mexico due to the fact that the Government has a very
high-powered radar set-up in that area and it is believed the radar interferes
with the controlling mechanism of the saucers.
No further evaluation was attempted by SA [redacted]
concerning the above…’
S&P
500, Russell 2000 ETFs Also Close To Breaching 200-Day Technical Warnings at
Barrons.com
Seven-Week
Streak Still Possible at The Wall Street Journal Mark Gongloff ‘With a late rally, most of the stock market managed to limp
across the wire in the green. How long it will stay there is an open question.The Dow, up 64
points today, is now 10 points higher on the week, barely avoiding a rare seven-week losing streak, but still not nearly out of
the woods yet.
The internals
of the market were uglier than the headlines. Decliners on the NYSE outnumbered
advancers 1668 to 1367. Declining volume was 51% of the total, while advancing
volume was 47%.
The S&P
500 was up just 2 points today and is just slightly lower on the week, with one
trading day left.
The Nasdaq
finished down 8 points and is now 1.1% lower for the year — not a great sign,
if you think tech stocks lead the way for the rest of the market.
The Dow
transports, too, are slightly lower for the year, as is the Russell 2000.
On the
brighter side, financials were among the better performers today, up 0.6%.
But the best
performers were defensive sectors, and the worst were cyclicals such as tech
and consumer discretionary.
Volume was
low, the VIX surged again and Treasury yields ended at their lowest level of
the year, at 2.91%.’
3 Reasons Why Thursday’s Markets Were Mixed After Greek Lows Wall St. Cheat Sheet June 16, 2011 Markets closed mixed on Wall Street: Dow
+0.54% , S&P +0.18% , Nasdaq -0.29% , Crude +0.2% , Gold +0.12% .
On the
commodities front, Oil (NYSE:USO ) barely moved to close at $95 a barrel, while
precious metals were mixed with Gold (NYSE:GLD ) adding a couple bucks to $1,527 and Silver
(NYSE:SLV ) dropping a bit.
Our New
Stock Picks are Here: Check Out
Today’s
markets were mixed because:
1) Banks
caught in the middle. Normally the top banks (NYSE:KBE ) are birds of a feather, all in the green or all
in the red. But today they’re all over the map with Bank of America (NYSE:BAC ) and Wells Fargo (NYSE:WFC ) showing gains today while Citigroup (NYSE:C ) and JPMorgan (NYSE:JPM ) suffered losses. Don’t Miss: How
Badly Will a Greek Default Hurt US Banks?
2) How do you
solve a problem like Greece? It’s as if everyone’s been waiting for Greece to
implode or break off and float into the Mediterranean Sea. Instead, bad news
steadily trickles in manageable doses. No restructuring yet, no default. The
euro, though down, is still trading above where it was last summer. People are
frozen in their tracks, wondering whether to run scared or wait it out. It’s
like watching a train wreck at 15 miles per hour.
3)
Indecipherable data reports. Yesterday the National Association of Homebuilders
(NYSE:XHB ) told us confidence
was down for June , but then today we hear from the Commerce Department that
housing
starts , building permits, and housing completions were all up last month.
Jobs data shows a 16,000 decrease in
jobless claims , which is good news, but jobless claims still remain over
400,000, which is bad news. People are looking for economic cues from these
reports and just aren’t getting a solid answer. Some things are getting worse,
some are getting better, and everything is moving slowly…’
Why
Your Money-Market Fund Could Be Hit by Greek Default CNBC
| Some of the safest, plain-vanilla investment accounts in the U.S. could be
challenged if Greece defaults on its sovereign debt.
Greeks
Strike, Clash With Police Over Austerity Reuters |
Stone-throwing Greeks clashed with police and tens of thousands of protesters
marched on parliament on Wednesday.
Gold
May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg
| Gold may gain for the first time in three days.
Europe’s
‘Lehman Moment’ Looms as Greek Debt Unravels Markets: Euro Credit The
European Union’s failure to contain the Greek debt crisis is sending fresh
shockwaves through currencies, money markets, equities and derivatives.
Europe
warned of financial chaos over Greek debt crisis Greece’s 18-month
sovereign debt crisis brought the government to the brink of collapse as public
fury over savage austerity measures erupted in pitched battles with riot police
on the streets of Athens. China
Social Unrest Getting Out of Control: Expert China’s security services have
managed for now to curb social unrest in the southern manufacturing city of
Zengcheng after migrant workers set fire to government buildings over the
weekend. But one economist says the discord is more worrying for markets than
the nation’s widely-telegraphed soaring inflation.
Cramer: 10%
Correction Possible A 10 percent correction is “entirely possible,” Cramer
said Wednesday, as stocks fell sharply on worries the Greece debt crisis may
escalate and concerns over other headwinds facing the economy.
alpeia
wrote
Stocks
tumble on news from Greece http://www.washingtonpost.com/business/economy/prices-rise-in-may-triggering-inflation-concerns/2011/06/15/AGMBoFWH_allComments.html?ctab=all_&#weighIn Wall Street lost its footing after a
rebound from six weeks of consecutive losses. (Washington Post) [ If that were only
true as the reason for the tumble. After all, u.s. stocks have been
unaffordably and artificially propped up and overvalued far beyond rationality
in seldom seen bubble-territory. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed… an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling In May Is Very Good Advice This Year Harding Remember:
Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘
‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs ‘ Dave's Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam).
POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money--America Is a Failed
State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim
economic reality [ http://albertpeia.com/grimreality.htm
]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are
Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale
University’s Dr. Robert Shiller, the market is now 41% overvalued …only time
the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s...
Navin 1) The 5-year high in the level of insider corporate stock sales is
telling. At 565 sells for every 1 buy, it’s never been higher..extraordinarily
high, one might even say off-the-chart. http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane... http://www.albertpeia.com
Today
6/16/2011 12:08:23 AM PST
alpeia
wrote
U.S.-Pakistan
relationship in danger http://www.washingtonpost.com/national/national-security/arrest-indicates-pakistan-leaders-face-rising-pressure-to-curb-us-role/2011/06/12/AGrSi2VH_story.html The relationship is likely to deteriorate
further as Pakistani officials including Army chief Gen. Ashfaq Kiyani come
under pressure, endangering counterrorism programs. (Washington Post) [
U.S.-Pakistan? If it was only ‘U.S.-Pakistan’ as opposed to U.S. and the rest
of the world beyond war crimes nation and u.s. ward israel, and the defacto
bankrupt as america EU, one might say at least a little progress on the
‘non-foreign policy’ front. Yet, that’s but a dream thanks
to war mongering neo-cons, zionists, and so-called change-meister, failed
president as bush, ‘wobama the b’ for b***s***. Drudgereport: OBAMA: WHAT WAR
IN LIBYA? 'No exchange of fire with hostile forces'... Lawmakers Sue... Price tag projected to be $1.1 Billion this year... AHMADINEJAD JOINS CHINA, RUSSIA AT SUMMIT... IRAN PRESIDENT CALLS FOR ALLIANCE AGAINST WEST... Greece Crippled by Protests, Strike Over
Austerity... Likely Default... USA in Even 'Worse Shape Financially Than Greece'... Protesters burn American flag during Obama visit to Puerto
Rico -- a U.S. territory... VIDEO: Heckled At Miami Fundraiser... Report: SEC lawyer exposed FBI informant (Washington Post)
[ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or
post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe
thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the
scenario typifies that national drain / sinkhole new york (new york / new
jersey metro) where, for example, FBI informants were routinely exposed by
‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkill...
bankrupt america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
]: CRIME STATISTICS >(america is No. 1) Rank Countries Amount # 1 United States: 11,877,218 # 2 United Kingdom: 6,523,706 # 3 Germany: 6,507,394 UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore
cases that involve black defendants and white victims ' Cases against Wall
Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityver...
http://www.albertpeia.com
6/15/2011
11:35:48 PM PST
alpeia
wrote
Deja
Vu of dot-com bubble http://www.washingtonpost.com/business/economy/pandora-ipo-feeds-fear-of-dot-com-bubble/2011/06/15/AGaZrWWH_allComments.html?ctab=all_&#weighIn Pandora’s IPO success is making observers
worried about a return to the dot-com bubble of the 1990s. (Washington Post) [
Dot-com bubble of the 90’s sounds like wishful thinking, as bad as that was.
More like, Equity Valuations Are Forming the Second Biggest Bubble in U.S.
History Kaspar According to Yale University’s Dr. Robert Shiller, the market is
now 41% overvalued …only time the markets have been more overvalued .. 1929
& tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s...
Navin 1) The 5-year high in the level of insider corporate stock sales is
telling. At 565 sells for every 1 buy, it’s never been higher.. Sell On The
Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with
Mr. Lenzner who has resisted through sound judgment the temptations and
implicit pressures of the herd mentality on wall street. After all, bulls are
cattle and hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv. Unfortunately, this is a watershed
moment for investors again– and I’m feared all the negatives in the world are
seeming to overwhelm. We are in midst of 7th straight week down.QE2 will end in
15 days– and it played a strong support system for equities– up 25%, oil, up
25% and gold, up 25% ever since September, 2010 when Fed Chairman Ben Bernanke
signaled he wanted to increase the wealth on paper of investors.If equities are
on the way down– and the rout today overwhelmed the gains yesterday– then you
will experience the double whammy of stocks and homes losing value at the same
time– to what extent nobody knows. Money center banks like Bank of America
certainly face write-downs from their huge portfolio of home mortgages.. Just
because cash is yielding nothing is no good reason to be 100% invested in
common stocks.’ http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane... http://www.albertpeia.com/currentopics2ndqtr10108....
http://www.albertpeia.com
Today
6/16/2011 12:04:10 AM PST
alpeia
wrote
White
House defends Libya action http://www.washingtonpost.com/politics/obama-administration-libya-action-does-not-require-congressional-approval/2011/06/15/AGLttOWH_allComments.html?ctab=all_&#weighIn The administration’s stance puts it at odds
with GOP leaders and some anti-war Democrats. (Washington Post) [ Well, the
defacto bankrupt u.s. can afford it! After all, we’re talking, Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... , days, not weeks. http://www.albertpeia.com/realifeamericaserialkill...
bankrupt america also spends more on military than all the nations of the world
combined...fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc.,are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
]: http://albertpeia.com/obamadeceptionhighqualityver...
http://www.albertpeia.com
6/15/2011
11:42:21 PM PST
Recommend
Recommended
by 2 readers
What
Wall Street Won't Tell You
[ Well, as we paraphrase what we sing in (tune ‘Love Story’) ‘Fraud
Story’: Where do we begin, to tell the story of how great a fraud can be, that
great fraud story with now fast computers is wider than the sea, and all that
hard-earned money that you’ve took from me, it breaks my h_e_a_r_t ! Yes, their
churn-and-earn frauds among others have never been so lightning fast; and,
don’t forget, the commissionable trading on wall street is a NET NEGATIVE in
real economic terms and that money for moving paper around has to come from
some real place … ultimately, you, main street, etc.. ] BRETT ARENDS ‘Y ear
after year, Wall Street types mock the supposed rubes and suckers who make up
Mom and Pop investors.And sure,
regular investors can make plenty of mistakes when it comes to investing.
But here's
what the Wall Street pros don't tell you: They aren't a whole lot better. I
sometimes wonder if they know anything more than the rest of us.
Yesterday two
separate reports landed on my desk. Both showed how the big money honchos have
been handling your savings and investments.
The findings?
You probably don't want to know.
According to
the latest monthly survey from Bank of America Merrill Lynch, these
professional money managers now think gold is "more overvalued than at any
time since December 2009." Those are Merrill's exact words.
In December,
2009, gold hit a high of $1,170 an ounce.
Today? Oh,
$1,515. That's an annualized return of 19%.
You couldn't
make it up. So much for "overvalued."
According to
Merrill Lynch, these professional money managers have been saying gold is
overvalued for years completely missing the massive bull market of the past
decade.
Merrill's
latest survey includes data for the past two years, as gold has nearly doubled.
During that time these professional investment managers have called gold
actually cheap just once, in January 2009. Every other month they've said:
"Oh, it's overvalued."
It was
"overvalued" in May 2008 at around $880 an ounce. It was
"overvalued" in June 2009 at around $930. It was
"overvalued" in early 2010, and it was still "overvalued" a
year ago at around $1,200 an ounce. And it's still "overvalued"
today.
Merrill says
it no longer has data going back earlier, but if my memory serves, the big
money honchos were saying the same thing about gold in earlier years, too. It
stands to reason, too, as when gold was $300 or $400 or $500 an ounce, none of
them owned it. And I paid some attention to Merrill's findings on the subject,
because I happened to be the person who first suggested they start asking about
gold, way back in 2004.
To be fair,
money managers haven't been completely useless guides to gold. December 2009,
when they said it was really, really overvalued, they had half a point. Gold
had just had a big run, and was due a correction. It then fell 10%.
And maybe
we're in the same situation now. Gold's had a good run so far this year, and
summer is traditionally a weak time in the gold market, so maybe you'll get a
better deal if you wait a bit, though there are no guarantees.
If this were
just about gold, it wouldn't matter so much.
But over the
past decade, money managers have been making an equally bad call about a much
bigger asset class: bonds.
Merrill data
show they have been calling bonds "overvalued" consistently since at
least 2002.
And they've
been singing the praises of stocks instead.
Meanwhile,
over nearly all of that time, it was generally a far smarter move to have your
money in bonds than stocks. The Vanguard
Total Bond Market Index Fund , for example, has made you nearly twice the
profits of the Total
Stock Market Index Fund with far fewer the ulcers.
This is what
we're paying the big bucks for? These guys have been loaded up to the gunwales
with stocks, holding too few bonds, and no gold, for a decade. Nice move.
I've noted
before that, on occasions, their collective gaffes have been mind-boggling.
They dumped their last remaining Japanese stocks right at the lows, in April
2003. Then they loaded up again in 2005, after Japanese stocks had already
boomed, before bailing yet again. In June 2007, they fell madly in love with
European stocks, and loaded the boat. Merrill called it "EU-phoria."
European stocks then crashed.
Now let's turn
to yesterday's second report, from pension consultants Mercer. It looks at how
big company retirement plans are managing their investments.
And it turns
out not owning gold is the least of their problems.
Mercer looked
at all the final salary plans run by Standard & Poor's 1500 companies.
Bottom line?
Many of these funds are still significantly underfunded. Even after the gerrymandered
stock market "boom" of the past two years, they have only enough
assets to cover 83% of their liabilities.
"Despite
employer contributions of $77 billion and aggregate asset returns of $156
billion (a 12% median rate of return), pension deficits decreased by only $8
billion during the fiscal year," says Eric Veletzos, the Mercer principal
in charge of the study.
An $8 billion
improvement compared to total pension liabilities of $1.7 trillion. It hardly
inspires confidence. And that's after a big rally.
Meanwhile,
says Mercer, the aging Baby Boomers are nearing retirement and many plans
"may be nearing the end of their 'growth' or 'accumulation' phase and
transitioning to a 'spend-down' phase." Oh, happy day.
So managers
are doing what you'd expect in situations like this. They are pinning their
hopes on big stock market gains, and hoping for the best.
Typical funds
are counting on investment returns between 7% and 8% a year, reports Mercer.
There's just one problem: Many of them are also holding lots of low-risk,
low-return bonds. In some cases they are holding half, or even two-thirds, of
their entire portfolios in bonds.
And yet they
are still expecting overall investment returns of 7% to 8%.
Hmm. Ten-year
Treasury bonds yield a mere 3%. Even long-term AA-rated corporate bonds yield
only about 5.3%, according to Barclays Capital. So if half your portfolio is in
investments like these, how do you get 7% or 8% overall? Easy. You just tell
people stocks will give you 8%, 9%, even 10% a year.
Good luck with
that.’
SEC
settles fraud case against former official (Washington Post) [ $14 million?
How ‘bout the trillions involved in the last and continuing crisis inducing
fraud. Well, we all know that nothing succeeds quite like failure in america;
you know, that new normal for pervasively corrupt, defacto bankrupt america.
Yes, we all know that QE has been a dismal and costly failure unless the
measure of success is the increased wealth of the frauds on wall street; after
all, as with this still extant financial crisis (toxic assets/paper/securities
cashed out and still out there in the trillions though now marked to anything
as per legislated mandate / complicity / FASB rule change) , your dollars
actually and ultimately financed their ill-gotten gains which never seem to
translate into the promised job, economic gains and go on despite well-founded,
prominent warnings that the same will not succeed and have, as warned,
exacerbated that which was meant to be cured. The key here is expectations
based on what. I, and others have been saying such expectations have been based
upon total b***s***, manipulations, if not outright fraud. Certainly the toxic
assets now marked to anything as per legislated professional criminal courtesy
in the form of FASB rule change will figure prominently in the next phase of
this ongoing economic / financial crisis / debacle, the worst of which is yet
to come, having been exacerbated thereby. Moreover, it’s now clear that the
fed’s machinations have failed, benefited fraudulent wall street and insiders
only, to everybody else’s expense and detriment including a hyperinflationary
environment some (including El Erian of PIMCO) euphemistically refer to as
stagflation. ’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings,
Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
National / World
U.S. Invasion of Libya Set for October Aaron
Dykes | Reports from military confirm plans to initiate a full-scale
U.S.-led ground invasion in Libya, deploying troops by October.
Washington Post Covers Bohemian Grove Kurt
Nimmo | Establishment newspaper’s website posts article on the
secretive annual soiree of elitists. Following the Bilderberg meeting in St.
Moritz and the corporate media’s partial coverage in order to at least appear
somewhat relevant, the crown jewel of Operation Mockingbird, the Washington
Post, has posted an article on the decadent soiree in northern California.
Insider
Leaks Reveal Full Bilderberg Agenda On War and Alternative Media The move
by al-Qaeda in Yemen and news of the CIA plan to escalate the drone war into
Africa follows by several days word that the elite plan to expand the
fabricated war on terror. Last week in St. Moritz, Switzerland, inside sources
at the Bilderberg meeting revealed that the globalists are working to spread
the war throughout the region.
US Warships Moved
To Syrian Coast Even as the Obama administration prepares to launch a full
ground war in Libya while expanding its drone attacks inside Yemen and
Pakistan, US warships are being moved towards the Mediterrenean coast of Syria,
precisely in line with forecasts that the Bilderberg Group intended to launch a
massive new war in the Middle East, with Syria being its prime target.
U.S. Invasion
of Libya Set for October Infowars.com has received alarming reports from
within the ranks of military stationed at Ft. Hood, Texas confirming plans to
initiate a full-scale U.S.-led ground invasion in Libya and deploy troops by
October.
Fukushima:
It’s much worse than you think Scientific experts believe Japan’s nuclear
disaster to be far worse than governments are revealing to the public.
Russia,
China warn West against Arab interference Russia and China oppose outside
interference in the unrest in the Arab world, the two presidents said on
Thursday in a declaration, as the West seeks their support for increasing
pressure on Syria.
TEPCO
starts up water treatment system, but massive radioactive waste feared Tokyo
Electric Power Co. (TEPCO) began a trial run of a radioactive water treatment system
at the crippled Fukushima No. 1 Nuclear Power Plant on June 15 in a desperate
effort to break away from the vicious cycle of injecting water into reactors to
cool them and ending up with more contaminated water.
Japan
plans to move pregnant women from far-flung radiation Japan plans to ask
pregnant women and children to move away from radiation “hotspots” that were
found far away from the crippled Fukushima nuclear plant, the government said
on Thursday, reflecting new anxieties about the spread of radioactivity.
Predatory
Policy: US, UK enter Yemen with deadly drone strikes, choppers The West is
weighing in to Yemen’s ongoing unrest – with deadly force. Officials in the
troubled country say U.S. drone strikes have killed over a hundred people,
including civilians, in the past two weeks. Now, the UK’s preparing attack
helicopters and commando squads for possible action in Yemen.
U.S.
helicopters fire on attackers in Iraq oil hub Reuters |
U.S. military helicopters fired on suspected militia fighters in southern Iraq
on Wednesday, killing one, in a rare American air strike responding to a rocket
attack on an airport.
Chossudovsky:
Bahrain killings approved in the White House While NATO continues
bombarding Libya, they have quite a different approach with other
countries–take for instance Bahrain.
Nigel
Farage: Bankers+politicians = ‘unholy alliance’ vs people Renowned
Eurosceptic and British Euro MP Nigel Farage says saving the banks is why
politicians are so determined to bail out Greece and keep it in the Eurozone.
We
Suffered a Fukushima-Style Melt-Through In the Global Financial System in 2008
… But Nothing Has Been Done to Fix It As I noted in April, the Japanese
nuclear disaster and financial crisis were caused by the exact same thing:
removing all of the safeguards in order to save money. / Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billiions from the fraud ) .
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the
meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Biden-led
deficit talks resume [ ‘Lobotomy Joe’? Well that engenders confidence …
Riiiiight! ] Looking
for Medicaid savings Faced with severe budget problems, Republican
governors are escalating their fight against federal rules requiring states to
maintain current levels of health-care coverage for the poor and disabled.
(Washington Post) [S&P
downgrades Greece It now has the world’s lowest debt grade, and S&P said
a restructuring looks “increasingly likely.” (Washington Post) [ As dire as the
Greek predicament is, some very distinguished experts say: Drudgereport: USA in Even 'Worse Shape Financially Than Greece'... CHINA: USA 'ALREADY
DEFAULTING'... TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' Greek rating now worst in the
world... CCC... Likely Default... Ill. so broke considers ads on license plates... Eurozone 'heads for break
up'... The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed … an
especially great opportunity to sell / take profits while you still can since
there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the
level of insider corporate stock sales is telling. At 565 sells for every 1
buy, it’s never been higher. Yes, it’s
normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart.
Facebook
Censoring Some Alternative News Sites While Allowing Hackers To Attack Others Facebook now appears to be censoring some
alternative news sites while allowing hackers to go after others. It is no
wonder they lost 6 Million users in the US last month. Google
denies special deal for Barack Obama Google denied Wednesday that it gave President Barack Obama’s
re-election campaign special access to a new advertising program, something a
sales representative from the search and advertising giant had claimed in an
email to customers.
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'... Greek
rating now worst in the world... CCC... Likely
Default... USA in
Even 'Worse Shape Financially Than Greece'... Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... VIDEO:
Heckled At Miami Fundraiser... Carney
defends WH meeting with Wall Street donors... POLL:
Obama Loses to Generic Republican... GREECE
FACES DEMAND FOR DEEPER CUTS...
CHINA
RUSSIA CLOSER
Union
boss: 'Adolf Christie' trying 'to make NJ Nazi Germany'... [ Come on! Let’s get real here! First,
corrupt mob-infested jersey is already that and worse. Second, defacto mob
control, such as it is in jersey, is already facist which ultimately is what
totalitarian regimes are all about, be they right or even left. ]STUDY:
Land of the Free? NY, NJ, CA come out at bottom of individual freedoms...
THE
FALL OF GREECE... Deal
fails to ease contagion fears; Spanish borrowing costs hit 11-year highs...
Russia,
China warn West against Arab interference...
NSA,
Internet Providers Teaming Up To Monitor 'Web Traffic'... Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'... BOEHNER
GIVES OBAMA ULTIMATUM ON LIBYA 'In
five days, the administration will be in violation of the War Powers
Resolution' on Libya... THE
OTHER WAR: Secret US, Afghan talks could see troops stay for decades ... US Housing
Crisis Now Worse Than Great Depression... Since
stimulus passed, 1.9 M fewer
Americans working... REPORT:
Gold headed for $5K an ounce... OPEC
sees risk of price rise, shortage...
Obama on Weiner: 'I would resign'... Earlier:
Sex Twittering Dem a 'Distraction'... Will
keep $174,000 salary while in rehab...
POLL:
Just 26% Favor Continued Military Action in Libya... UK
Navy chief: Britain cannot keep up its Libya role... Vancouver
Rocked By Stanley Cup Riot... Congratulations
to the Boston Bruins! ] 150
hospitalized... Hockey
dream turns nightmare... SHOCK
VIDEO: Crowd stomps man who tried to stop looting...
DALLAS
MAVS SHUT DOWN THE HEAT... Congratulations
to the Dallas Mavericks! REPORT:
Stocks Face Rocky Week... DOW
FALLS BELOW 12,000... Six-week
losing streak longest since Oct 2002... Nasdaq
Turns Negative for Year... Fed to
Announce 'Final Bond Purchases' Today... Another
Housing Drop Predicted... STUDY:
Most Americans 'won't be able to retire until their 80s'... Cash-strapped
states considering online lottery sales...
GALLUP:
OBAMA BACK UNDERWATER 45/46... PA
2008: OBAMA 55%; 2011: 41% APPROVAL... FLA:
Trouble in Paradise...
MURDER
CONVICTION TOSSED OVER 'RACIST' COMMENTS...
Swiss
Politicians To March On Bilderberg, Demand Arrest Of Kissinger... Italian
Politician 'bloodied' sneaking into hotel...
ECONOMIC 'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... CHICAGOLAND:
Flash Mobs Attack 2 Men... WAR
NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES Chicago
rapper calls Obama 'biggest terrorist' in US... Poll:
Obama approval rating drops as fears of depression rise... OBAMACARE
GOES TO COURT... Judges
suggest they may be ready to declare law unconstitutional... ...Express
unease with gov't forcing Americans to buy health care Random
mobs run wild in Chicago... TARGET
CITY BUSES... Victims
seriously injured... NYT: SAUDIS
SPENDING $7K PER CITIZEN TO AVOID OVERTHROW OF KINGDOM... DEVELOPING... OBAMA
OFFERS BAILOUT $$ FOR GREECE... POLL:
Only 24% Say They Share President's Political Views... Nearly
half of Americans fear another Great Depression... OPEC
BREAKDOWN, NEW OIL SPIKE... FED:
Economy falters in several US regions... Lack
of buyers may force Treasury to boost interest rates... China
overtakes USA as top energy consumer... Warns
debt-default idea is 'playing with fire'... Fitch
to review US debt rating... TAX
FURY IN ATHENS AS GOV'T FACES DEBT 'Bankrupt'
claim heightens Spanish debt fears... 9.1% MAY JOBS: +54,000... MCDONALD'S
hired half... Fears
stoked of a 'double-dip'... CBO:
True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama
Claims... Taxpayers
Still Bailing Out Banks... WH:
'Bumps on the road to recovery'... O
gets booed... LET'S
GOLF ABOUT IT China
Divests 97% of Holdings in US Treasury Bills... DOOM: More
Americans Think Economy Will Never Recover... GOP
sees Obama as increasingly beatable... Recovery
Languishing as Americans Await Signal of Better Times... Congress
Delivers Obama 'Stunning Rebuke on Libya'... Weiner
withdraws from speaking engagement... Dow
tumbles 280 points... Private Sector Jobs Grew By Only 38,000 in May... Planned
Layoffs Up... Manufacturing
Slows... MOODY'S:
US Rating Could Be Placed Under Review... Greece
goes further into junk territory; MOODY'S downgrades... AP:
Consumer confidence falls 'unexpectedly' in May... BARONE:
Pro-Obama media always shocked
by bad economic news... Home-price
index at lowest point since 2006 bust... 'Double-Dip'
Even Worse Than Expected... GOLDMAN
SACHS: $5 gas this summer... Number
of federal-owned limousines has soared under Obama... Obama
bailout of GOV'T MOTORS to cost taxpayers at least $14 billion... Obama
solicitor general: Don't like healthcare mandate, earn less money! REPORT:
Senate's 100 members spend $40M for 700 offices nationwide... 7
'NATO troops' killed Thursday were American... British
Health Care Program in Grave Peril... Netanyahu:
Israel cannot prevent UN recognition of Palestinian state... First
ID'ed as 'Int'l Security Assistance Force service members'... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA Anti-Christian
Violence Continues in Pakistan... UPDATE:
MIAMI 'WAR ZONE' DURING URBAN WEEKEND... 'I
was scared for my life'... Poet
'Da Real One' Gunned Down In Front Of Miami Poetry Cafe... Violent
crime explodes in Myrtle during Black Bike Week; 8-hour hell... Rib
Fest At Rochester beach turns rowdy... Riot
On Long Island... Urban
Melee In Charlotte... Chaos
causes DNC concern for convention... Unruly
urban crowd shuts down Nashville water park... Emanuel
shuts down packed Chicago beach; 'heat-related illnesses'... REPORT:
'Dozens of gang bangers'... TEEN
GANGS UNLEASHED ON BOSTON BEACH WHO: Radiation From Cell Phones Can Cause Cancer... In same category as lead, engine exhaust,
chloroform... VIDEO:
Woman Screams For Help After TSA Molestation...
WEINER
ROASTED... [ Ah, yes. Weeny
roast indeed. The end of a saga as Tony Weiner resigns. Truth be told, I’m a
bit surprised. After all, as stated in a soundbite of a new york voter, ‘they
(the rest of congress) are worse than him!’ Difficult to dispute. The truth,
that is. Kind of like that scene in
‘Road to Perdition’ of mob boss Newman’s retort to hitman Hanks, ‘there are
only murderers in this room’. Point well-taken. After all, they backed bush’s
war crimes, covered up wall street’s crisis-causing frauds in the trillions
even to this day, are venal and corrupt even as they scoffed at
straight-shooters as Ross Perot who highlighted what is now recognized as gross
incompetence, extended their tainted touch to the quid pro quo federal courts,
etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] Press
conference turns into circus... NO HUMA... MSNBC
Host: 'Reminded me of Saddam Hussein hanging'... REPORT:
Could Run For Seat Again in Upcoming Special Election... Congressman
Joins Jobless Ranks... ...Approached
for 'Entourage' Cameo
SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Cops
probe texts to teen girl... MSG:
'Large. Tights and cape'... Weiner
admits, says they were harmless... Rangel
defends: 'He wasn't going out with little boys'... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) Tearful US congressman admits to crotch photos (AFP) ] 'This
Could Be The End For Him'... ’Pot Calls
Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the objection
of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia /
organized crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Weakening
Consumer And Manufacturing In U.S. Dishearten Markets at Forbes
[video]
Trader: Dow Could Drop to 10,500 at TheStreet.com
See
It, Market: Hooky the Bear at Minyanville
Robert
Shiller: Stocks and Real Estate Remain Grossly Overvalued
Why
the Denial of Peak Oil Is Becoming More Dangerous Every Day
Is
Ben Bernanke Sabotaging the Chinese Economy? [ Sabotage? China? I’d say
‘no-recession-helicopter-ben-b.s.bernanke’ is an ‘equal opportunity
incompetent’ and wall street fraud protector, as the entire world realizes
day-by-day! ]
Minyanville's
T3 Daily Recap: Greek Anxiety Triggers 180 Point Drop in Dow
[video]
Foreclosure City, USA
Big Money Investors Feeling Fearful: Follow the Puts Barrons
Steve Sears ‘VIX is up above 21. The
Standard & Poor’s 500 Index is down 19 big ones. How afraid are
investors? Follow the puts. The trading patterns reveal widespread fear among
investors with big money. Toward the close, one investor bought 22,000
September 1,225 puts on the Standard & Poor’s 500 Index, and sold 22,000
September 1,125 puts. The position hedges about $2.7 billion worth of stocks in
case the Standard & Poor’s 500 Index drops from its current level of 1,267
to 1,125. This trade indicates a major investor is worried about further
declines, and has protected his portfolio into September in case the stock
market free-falls. That investor is not alone. A review of S&P 500 put
trading shows significant trading volume at almost every available strike. The
action reflects this Thursday’s expiration of index options, which is clearly
responsible for some of the action. But the tone of trading marks the first
time in months that fear has truly animated the options market. If conditions
continue to deteriorate in Greece – and this is doubly true if Greece defaults
on its debt – today’s put buying will seem like an aperitif ahead of put-buying
smorgasbord. VIX at 21 will seem like a bargain compared to fear of economic
contagion.’ [ Then, of course, there are those really close to the
‘action’: Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart…’ ]
Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr.
Lenzner who has resisted through sound judgment the temptations and implicit
pressures of the herd mentality on wall street. After all, bulls are cattle and
hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv. Unfortunately, this is a
watershed moment for investors again– and I’m feared all the negatives in the
world are seeming to overwhelm. We are in midst of 7th straight week down.QE2
will end in 15 days– and it played a strong support system for equities–
up 25%, oil, up 25% and gold, up 25% ever since September, 2010 when Fed
Chairman Ben Bernanke signaled he wanted to increase the wealth on paper of
investors.If equities are on the way down– and the rout today overwhelmed the
gains yesterday– then you will experience the double whammy of stocks and
homes losing value at the same time– to what extent nobody knows. Money
center banks like Bank of America certainly face write-downs from their huge
portfolio of home mortgages. Wells Fargo, a Berkshire holding, is one of the
widest held stocks by the mutual fund industry.Yes, The Greek economy is in deep
trouble, but the larger problem is the holdings of European banks in the loans
of Greece, Ireland, Portugal, Spain and Italy. Already, Moodys is talking about
downgrading 3 major French banks. It’s the turn of the British and German banks
to face huge write-offs on their loans to troubled nations– and secondarily the
need to raidse more capital themselves.I was informed this morning that some
large money market funds in the US may hold large amounts of European bank
paper, which could be difficult to liquidate in the current market
environment. We’ll try to check out which ones, but you may recall
that PIMCO lost most of the $3.4 billion in Lehman Brothers fixed income
securities it owned.Then, there’s the uncomfortable coincidence of the sell off
in the emerging nations, especially China where inflation is running at 6%, and
the understandable softness in major commodities like oil– $94 in the US
today, while the dollar rallied and gold looks to have lost its
momentum.Indeed, this is a watershed moment. Just because cash is yielding
nothing is no good reason to be 100% invested in common stocks.’
Minyanville's
T3 Daily Recap: Greek Anxiety Triggers 180 Point Drop in Dow at
Minyanville
Reprieve
Over at The Wall Street Journal
Market Beat Mark Gongloff
‘ Just when it seemed the stock market was clawing its way toward a
winning week, its first in seven, the Greek
crisis flared anew, and suddenly the market is on track for a seventh
straight losing week.The Dow fell 1.5%, or 179 points, to its lowest close
since mid-March. The S&P 500 fell even harder, losing 1.7%.Even Pandora
Media, wandering into the market on its first day of trading, had
a non-LinkedIn-like 9% gain.There are still two whole days left to the week, of
course — still plenty of time for the market to come out of it a winner. A
solid resolution, though likely only temporary, to the Greek crisis could be a
catalyst.But for now the guts of the market don’t promise much of a rally any
time soon. How’d the leading-type indexes do? Not well. The Nasdaq and the
Russell 2000 each fell about 1.8% and are back into the red for the year.The
S&P 500′s worst performers were energy stocks, down 2.5%, as crude oil tumbled more than 4% to below $95 a
barrel. Materials stocks fell 2.3%, and financials fell 2.2%. That drop in
financials is troubling , as it suggests there could be more to
come.Similarly, the euro’s sharp decline, down nearly 2% to below $1.42, is
another indicator of wider risk aversion than we’ve seen so far in the US stock
market’s six-week losing streak.It suggests investors are starting to think
about the systemic, Lehman-like risks of a Greek default. Against the backdrop
of weaker economic data in the US, this is not a recipe for a roaring
rally any time soon. We won’t even mention how the return of violent
anti-austerity protests in the streets of Athens raises eerie parallels to the
flash crash last May.’
Greek debt fears sink Wall Street, more losses eyed (Reuters) Stocks tumbled
on Wednesday, driven lower by escalating Greek debt woes, while troubling U.S.
data pointed to further losses ahead.
Greeks
Strike, Clash With Police Over Austerity Reuters |
Stone-throwing Greeks clashed with police and tens of thousands of protesters
marched on parliament on Wednesday.
Gold
May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg
| Gold may gain for the first time in three days.
‘Bumbling’
Economy Result of ‘Meddling’ From Leaders: Ross CNBC | The
US economy is just “bumbling along” and creating an uncertainty.
Warnings
Of A Great Depression or Hyperinflation Unemployment at 22.4% is causing a
run on assets of retirement funds. That is probably why legislation is being
introduced to limit how much money can be removed from these investment
vehicles.
US
Housing Crisis Is Now Worse Than Great Depression It’s official: The
housing crisis that began in 2006 and has recently entered a double dip is now
worse than the Great Depression.
National /World
NATO sliding towards Libyan ground war: Russian envoy (Reuters)
The Cloud: Trojan Horse For Internet Takeover [ I must agree and find it difficult to
imagine any rational person giving over to the cloud their own computer ops. ] Paul
Joseph Watson | Welcome to a corporate, cable TV-style world wide web.
Stephen Baldwin May “Go Head to Head with Big Brother”
Alec in NYC Mayor Race [ I’m
for Alec Baldwin for Mayor … sorry Steve. ] Kurt Nimmo | Alex
Jones interviewed the younger Baldwin at this year’s Talker New Media
Conference in New York City.
TSA “Security Exercise” Covers 3 States, 5000 Miles Paul
Joseph Watson | If you’re still living under the delusion that the TSA
is just restricted to airports then think again. 1.9 Million Fewer Americans Have Jobs Today Than When
Obama Signed Stimulus Matt Cover | Twenty-eight
months after Congress passed President Obama’s signature economic stimulus law,
and nearly one year after he declared the summer of 2010 to be “Recovery
Summer,” 1.9 million fewer people are employed. Another Greek MP To Vote Against Bailout So “He Can
Safely Walk The Streets” Tyler Durden | Earlier
today, we reported about Kozani Alekos Athanasiadis, a member of parliament for
the Greek ruling PASOK party, who in a radio interview said that he would vote
against the medium-term program.
Lawmakers
sue President Obama over Libya Politico | Bipartisan group
of House members announced it is filing lawsuit charging that Obama made an
illegal end-run around Congress when he approved military action against Libya.
‘Libya
war driven by O.I.L.: Oil, Israel & Logistics’ – McKinney to RT As NATO
attacks continue in Libya, ex US Congresswoman and former presidential
candidate Cynthia McKinney went to the country on a non-governmental
fact-finding mission to see what exactly is going on in the war-torn country.
Provocateurs
In Greece Causing Brutal Police Crackdown on Leigitmate Protesters Greece
is at boiling point – with police firing tear gas at crowds of angry
protesters. Thousands of demonstrators are trying to block access to the
Parliament building, where the government is discussing more cutbacks to secure
further rescue loans. Celente
Slams “Cartoon News Network” GOP Debate Trends forecaster and social
commentator Gerald Celente has slammed this week’s GOP presidential debate
hosted by CNN as a “disgraceful” indication of the decline of America. Lawmakers
sue President Obama over Libya A bipartisan group of House members
announced on Wednesday that it is filing a lawsuit charging that President
Obama made an illegal end-run around Congress when he approved U.S military
action against Libya.
Angry Protests
Erupt Throughout China AN eruption of protests throughout China has sent
armoured vehicles into town centres, prompted an internet blackout by the
government and left thousands across the country blogging about “crazy”
violence on the streets. TSA
“Security Exercise” Covers 3 States, 5000 Miles If you’re still living
under the delusion that the TSA is just restricted to airports then think
again. A joint VIPR “security exercise” involving military personnel has
Transportation Security Administration workers covering 5,000 miles and three
states, illustrating once again how the TSA is turning into a literal occupying
army for domestic repression in America.
Facing
a tall order in Afghanistan A
low-key Marine, Gen. John R. Allen, is set to take over the war at a
high-stakes moment (Washington Post) [ Tall order? That’s an understatement!
Even if pervasively corrupt america wasn’t defacto bankrupt the ‘task’ would
still be on the order of ‘mission impossible’.
90%
of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter
| More than 80 percent of those called captured Taliban fighters were released
within days of having been picked up, because they were found to have been
innocent civilians. Lawmakers
push for a new Afghan strategy
Congressional leaders are urging President Obama to take full advantage
of progress achieved by narrowing the focus of the Afghan mission. (Washington Post) [ It seems they’ve taken
Robert Browning to heart; viz., that ‘a man's reach should exceed
his grasp’ (from a poem by Robert Browning ). Indeed,
they search for that ever elusive thing called ‘strategy’ vis-ŕ-vis the
so-called ‘Afghan mission’ for the umpteenth time. For them, this is but a
‘mission impossible’ as a strategy implies method to this reality of their
madness. The heroin trade which they’ve ramped up (the Taliban had all but
eradicated same) and commandeered as their own has been reason enough; yet, fog
of war creates many opportunities for the american criminals despite the
defacto bankruptcy of the nation. So, for the war criminal americans, reality
certainly falls within the ambit of beyond their grasp. Though having but 5% of the world’s population, the u.s. has 76% of
the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants
and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama
courts Latino vote with Puerto Rico visit Awkward
Romney In casual moments, his weirdness comes through. (Washington Post) [
Didn’t see the debate nor read Mr. Milbank’s article. I’m certainly not going
defend Romney after his recent gratuitous and misguided shill for israel; yet,
it must be emphasized that wobama apologist / defender Mr. Milbank ignores the
reality of ‘wobama the b’ (for b***s***) as a complete and abject failure as
president or anything else, for that matter. Wobama is a total piece of s***
and I’m nonplused how he even came to be a u.s. senator, much less a candidate
for president (actually David Icke clarifies infra); not that scrutiny of the
senate reveals a distinguished, capable bunch at all. Then of course there’s
the long history of corrupt Chicago / Illinois politics, mob / organized crime,
etc.. Wobama’s such a total fraud! Even
Puerto RICO’s on to him … Drudgereport: Protesters burn American flag during Obama visit to Puerto
Rico -- a
U.S. territory ... I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term. The pandering by the
wobamas is nauseating. And, michele’s fundraisers? What’s up with that? Wobama’s
such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled completely
by those that chose him, trained him, sold him and provided his record funding,
kept his many skeletons under wraps, like the gay sex and crack cocaine ..
Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), ... Obama is just
another Banksters' moll prostituting himself .., and that's why he supported
the grotesque bail-out of the banking system and why he will always put their
interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv Romney
says he can heal economy He kicks
off presidential bid by trumpeting his record as a turnaround specialist in
business. (Washington Post) [ Well, he’s certainly not going to do that by
toeing the israeli lobby line as did failed president wobama the b (for
b***s***), despite his recent rhetoric (meaningless coming from wobama the b)
seemingly, but not really in terms of action (he’s literally continued the
perma-war policies of war criminal and moron dumbya bush; ie., Afghanistan,
Libya, etc., Drudgereport: FLASHBACK: Obama: U.S.
Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO
BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S. Dead in Afghanistan Tops
1,500...
Marcus:
Weiner takes refuge in Rehab Nation (Washington Post) [ Drudgereport: THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner
admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep.
Anthony Weiner confessed Monday that he tweeted a photo of his bulging
underpants to a young woman, and he also admitted to "inappropriate"
excha...’ Tearful US
congressman admits to crotch photos (AFP) ]'This
Could Be The End For Him'... ’Pot Calls
Kettle Black’: Donald
Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama’s America:
Prosperity Lost President Obama, the fellow leftists in his administration,
and the Congress, nearly none of whom have ever made a viable contribution to
the Gross Domestic Product, are hell-bent on seizing complete control of the
economy.
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'... REPORT: Obama campaign strikes special deal with GOOGLE
advertising... Company rep says ad program 'released to a select few clients'... FLASHBACK:
GOOGLE execs shower Obama's inaugural committee with cash...
RECESSION
WINNER: PELOSI WEALTH GROWS BY 62%...
SUMMER
SELL-OFF INTENSIFIES... Inflation
on the rise... POLL:
Retirement Americans' Biggest Worry...
OBAMA:
WHAT WAR IN LIBYA? 'No exchange of fire with hostile forces'... Lawmakers
Sue... Price
tag projected to be $1.1 Billion this year...
AHMADINEJAD
JOINS CHINA, RUSSIA AT SUMMIT... IRAN
PRESIDENT CALLS FOR ALLIANCE AGAINST WEST... Launches
satellite into orbit...
Beijing
battling protest fires on all fronts...
Greece
Crippled by Protests, Strike Over Austerity...
Greek
rating now worst in the world... CCC... Likely
Default... USA in
Even 'Worse Shape Financially Than Greece'... Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... VIDEO:
Heckled At Miami Fundraiser... Carney
defends WH meeting with Wall Street donors... Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'... BOEHNER
GIVES OBAMA ULTIMATUM ON LIBYA 'In
five days, the administration will be in violation of the War Powers
Resolution' on Libya... THE
OTHER WAR: Secret US, Afghan talks could see troops stay for decades ... US Housing
Crisis Now Worse Than Great Depression... Since
stimulus passed, 1.9 M fewer
Americans working... REPORT:
Gold headed for $5K an ounce... OPEC
sees risk of price rise, shortage...
Obama on Weiner: 'I would resign'... Earlier:
Sex Twittering Dem a 'Distraction'... Will
keep $174,000 salary while in rehab...
POLL:
Just 26% Favor Continued Military Action in Libya... UK
Navy chief: Britain cannot keep up its Libya role...
DALLAS
MAVS SHUT DOWN THE HEAT... Congratulations
to the Dallas Mavericks! REPORT:
Stocks Face Rocky Week... DOW
FALLS BELOW 12,000... Six-week
losing streak longest since Oct 2002... Nasdaq
Turns Negative for Year... Fed to
Announce 'Final Bond Purchases' Today... Another
Housing Drop Predicted... STUDY:
Most Americans 'won't be able to retire until their 80s'... Cash-strapped
states considering online lottery sales...
GALLUP:
OBAMA BACK UNDERWATER 45/46... PA
2008: OBAMA 55%; 2011: 41% APPROVAL... FLA:
Trouble in Paradise...
MURDER
CONVICTION TOSSED OVER 'RACIST' COMMENTS...
Swiss
Politicians To March On Bilderberg, Demand Arrest Of Kissinger... Italian
Politician 'bloodied' sneaking into hotel...
ECONOMIC 'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... CHICAGOLAND:
Flash Mobs Attack 2 Men... WAR
NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES Chicago
rapper calls Obama 'biggest terrorist' in US... Poll:
Obama approval rating drops as fears of depression rise... OBAMACARE
GOES TO COURT... Judges
suggest they may be ready to declare law unconstitutional... ...Express
unease with gov't forcing Americans to buy health care Random
mobs run wild in Chicago... TARGET
CITY BUSES... Victims
seriously injured... NYT: SAUDIS
SPENDING $7K PER CITIZEN TO AVOID OVERTHROW OF KINGDOM... DEVELOPING... OBAMA
OFFERS BAILOUT $$ FOR GREECE... POLL:
Only 24% Say They Share President's Political Views... Nearly
half of Americans fear another Great Depression... OPEC
BREAKDOWN, NEW OIL SPIKE... FED:
Economy falters in several US regions... Lack
of buyers may force Treasury to boost interest rates... China
overtakes USA as top energy consumer... Warns
debt-default idea is 'playing with fire'... Fitch
to review US debt rating... TAX
FURY IN ATHENS AS GOV'T FACES DEBT 'Bankrupt'
claim heightens Spanish debt fears... 9.1% MAY JOBS: +54,000... MCDONALD'S
hired half... Fears
stoked of a 'double-dip'... CBO:
True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama
Claims... Taxpayers
Still Bailing Out Banks... WH:
'Bumps on the road to recovery'... O
gets booed... LET'S
GOLF ABOUT IT China
Divests 97% of Holdings in US Treasury Bills... DOOM: More
Americans Think Economy Will Never Recover... GOP
sees Obama as increasingly beatable... Recovery
Languishing as Americans Await Signal of Better Times... Congress
Delivers Obama 'Stunning Rebuke on Libya'... Weiner
withdraws from speaking engagement... Dow
tumbles 280 points... Private Sector Jobs Grew By Only 38,000 in May... Planned
Layoffs Up... Manufacturing
Slows... MOODY'S:
US Rating Could Be Placed Under Review... Greece
goes further into junk territory; MOODY'S downgrades... AP:
Consumer confidence falls 'unexpectedly' in May... BARONE:
Pro-Obama media always shocked
by bad economic news... Home-price
index at lowest point since 2006 bust... 'Double-Dip'
Even Worse Than Expected... GOLDMAN
SACHS: $5 gas this summer... Number
of federal-owned limousines has soared under Obama... Obama
bailout of GOV'T MOTORS to cost taxpayers at least $14 billion... Obama
solicitor general: Don't like healthcare mandate, earn less money! REPORT:
Senate's 100 members spend $40M for 700 offices nationwide... 7
'NATO troops' killed Thursday were American... British
Health Care Program in Grave Peril... Netanyahu:
Israel cannot prevent UN recognition of Palestinian state... First
ID'ed as 'Int'l Security Assistance Force service members'... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA Anti-Christian
Violence Continues in Pakistan... UPDATE:
MIAMI 'WAR ZONE' DURING URBAN WEEKEND... 'I
was scared for my life'... Poet
'Da Real One' Gunned Down In Front Of Miami Poetry Cafe... Violent
crime explodes in Myrtle during Black Bike Week; 8-hour hell... Rib
Fest At Rochester beach turns rowdy... Riot
On Long Island... Urban
Melee In Charlotte... Chaos
causes DNC concern for convention... Unruly
urban crowd shuts down Nashville water park... Emanuel
shuts down packed Chicago beach; 'heat-related illnesses'... REPORT:
'Dozens of gang bangers'... TEEN
GANGS UNLEASHED ON BOSTON BEACH WHO: Radiation From Cell Phones Can Cause Cancer... In same category as lead, engine exhaust,
chloroform... VIDEO:
Woman Screams For Help After TSA Molestation... Porn actress: Weiner asked me to lie about talks... 'I
did not sext Anthony Weiner'... HUMA
AND HILLARY RETURN TO USA... New
pictures show teen Weiner cross dressing and 'oiled up'... Dems
Prepare to Strip Him...
SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Cops
probe texts to teen girl... MSG:
'Large. Tights and cape'... Weiner
admits, says they were harmless... Rangel
defends: 'He wasn't going out with little boys'... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) Tearful US congressman admits to crotch photos (AFP) ] 'This
Could Be The End For Him'... ’Pot Calls
Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Despite
Today's Rally, Investors See Threat of a Market Correction at
Minyanville Lloyd Khaner June
14, 2011 ‘We may not be out of the woods, yet; this week, investors were given
new reasons to worry.
Investors
are in better spirits today following upbeat news about retail sales and
China's move to curb inflation, but make no mistake: the global markets remain
nervous and the risk Lloyd's Wall of Worry as an investing “FIX IT!” trading stock price
ASIAN
ECONOMIES: Channeling the voice of the legendary sportscaster Howard Cosell,
“Down goes Asia! Down goes Asia! Down goes Asia!”financial afford Chinese imports may be more toxic than that 2004 vintage
drywall they cranked out, and certainly a heckuva lot more expensive.
Top 3 Reasons Markets Were Up Big Despite Gloomy Headlines [Oh come on! ‘Better than expected data from
the … commerce department? China’s still growing, duh; which is just dandy for
defacto bankrupt america ? Solar? This is an especially great time to sell /
take profits since beyond the puff / sluff there’s much worse to come! ] ‘Wall St Cheat SheetOn Tuesday June 14, 2011, Markets closed up on Wall Street: Dow +1.03% ,
S&P +1.26% , Nasdaq +1.48% , Crude +2.12% , Gold +0.68% .
On the
commodities front, Oil (NYSE:USO ) added $2 to close just below $100 a barrel, while
precious metals were had a nice day with Gold (NYSE:GLD ) and Silver (NYSE:SLV ) both in the green.
Today’s
markets were up because:
1) Retail
sales shocked the doom-and-gloomers. Funny thing about the uber-bears is they
are spot about consumers when Oil (NYSE:USO ) spikes, but they always forget to adjust
expectations when the facts change. Today retail shorts melted first when Best
Buy (NYSE:BBY ) announced strong earnings and then when the
Commerce Department showed retail sales grew 0.3% (ex-food and gas).
2) Surprise!
China is still growing. A ton of the recent selling has been on the playbook
that slowing growth in China (NYSE:FXI ) will drag down the world economy. Well, at least the
Chinese government says China is growing just fine . That was the main
catalyst for stocks to pop today as global shorts unwound enough shares to
accommodate China’s data.
3) Solar
stocks were on fire. Google (NASDAQ:GOOG ) threw down some big support to SolarCity to
help boost growth in residential solar power (NYSE:TAN ). Check Out: Here’s Why Solar Stocks are On Fire Now .
Bonus: Will
Internet Radio and the Cloud Squash Sirius XM Radio? .’
Bearish
Signs Are Quickly Adding Up at
Minyanville Gary Kaltbaum Jun 13, 2011 ‘When the markets are in a
bear phase, as they are now, it becomes immensely important to keep our eye on
certain things.
Over
the past few weeks, I have been more cautious. During that time on the Buzz & Banter ,
I outlined why I thought the market was in trouble. The simple fact is
that every characteristic that usually show up near tops in the market...
showed up. When these characteristics show up, it is time to keep an eye
out for trouble. All that has to happen is for negative price and volume to
confirm. Subtle signs showed up weeks in advance. When listening to
those who say this recent drop came out of nowhere, please take it with a grain
of salt. Here are those bearish characteristics that I've said would eventually
come back to haunt the market: Financials lead Major New Highs Divergence Defense Leads Low Levels of Cash Mutual funds Over the Top Bullish Sentiment S&P by 2013 and another
calling for 20,000 Dow within 18 months. These type of calls
do not occur at the lows. Many Stock Splits and Mergers Stock Emerging Markets A Plethora of IPOs and Secondaries sales Semiconductors Finally and Most Importantly moving averages
Try
to resist the urge to listen to permabull Wall Streeters during bear
phases, as it could cost you a bundle Fox News a few weeks ago, I received a bunch of
disagreeing emails, and even hate mail. Some people just never want to believe
the market can go down. There is no way of knowing when a bear phase will end,
but just like we know the characteristics that show up during a market top, we
know the characteristics that show up during a market bottom. I do believe this
market has a date with the 200-day moving
average businesses Walmart (WMT Target
(TGT consumer The Fed is out of ammo . Interest rates are already at zero percent. Yes,
they can print more money but that only crushes the dollar and lifts
commodities, which in turn hurts the consumer. Crushing your own currency has
never worked. Seinfeld episode
where Jerry told George that if every decision he has ever made was wrong, then
doing the opposite must be right. We've seen massive deficits, massive amounts
of new regulations, threats of tax increases, demonization of almost every industry The
Obama administration is not dealing with a sluggish economy, it is
causing it. Markets are going down and we may have only seen the beginning
as the trust factor remains very low. Markets are quite smart in the long run.Editor's Note: Gary Kaltbaum is the author of The Investors Edge and
long-time contributor to TradingMarkets.com .’
S&P slashes Greece to lowest, says default likely (Reuters)
THE SPECTER OF DECLINE HANGING OVER THE MARKET http://www.minyanville.com/businessmarkets/articles/market-market-news-double-dip-recession/6/6/2011/id/34961 Jeffrey
Cooper Jun 06, 2011 http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.gif
cost Financial http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201909%20final%206-5-11.gif
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201910%20final%206-5-11.gif http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJIA%201911%20final%206-5-11.gif
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ-1937-1942%20final%206-5-11.gif
price http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$INDU_D%20--%20DOW%20JONES%20INDUSTRIAL%20AVERAGE.gif
More
Temporary Solutions To Long Term Economic Problems The lifeblood is being
sucked out of America by free trade, globalization, offshoring and outsourcing.
Over the past 11 years manufacturing jobs have fallen by 11.7 million and 440,000
businesses have been lost. Paul
tells Manchester crowd inflation will hit 50 percent Texas congressman Ron
Paul on Friday predicted that inflation will hit 50 percent in the next couple
of years, thanks to the massive debt the country has accumulated.
Worst
Market In Nine Years Spells Worsening Woes at Forbes Robert Lenzner StreetTalk ‘We broke through 12,000 on the Dow
today in the climax to the worst week in 9 years. It was also the
6th straight week of stock declines– widely understood to be a sign of
what’s to come in the economy. Even Apple, the darling of the tech world, sold
off every day this week– even in the face of Steve Jobs introduction of the
“cloud” storage of all our social media and entertainment software.All this
hasn’t punctured the wishful thinking at the Fed and on Wall Street,
where corporate profits are expected to prove stock prices are too cheap.
Here’s the list of the wishful thinking items I heard or read
today;
*There won’t
be a default on US debt– or even a reduced credit rating. I have to admit
a gnawing anxiety about resolving budget cuts sufficient to raise the
debt limit by trillions. Yes, trillions. Could there really be a
political stalemate and flirtation with a crisis over our finances? I’m
beginning to think the worst of all possible worlds. China and Germany are
looking to reduce our credit rating. Comes the revolution, an overthrow of
American financial superiority.
*Oil prices
will decline and that development will allow consumers to spend
money and stimulate the economy. Maybe they will– and maybe they won’t. Rules
should installed to limit speculation in energy futures by institutional
investors.
*We are close
to a bottom in housing. My answer; we’ve been told we were close to
a bottom for many months now– and it’s an absurd notion. Yale’s Schiller is
suggesting the loss in housing values could be another 10-20%. Goldman Sachs
called this horror story over a year ago.
* If the
economy doesn’t pick up, Fed Chief Bernanke will declare QE3. Except that QE2
failed to create jobs or economic activity. It only served to help speculators
in gold, silver and oil. There will be an outcry if QE3 is declared as it only
helps the gold lovers– and they are already filthy rich.
* The bank
stocks are selling below book value; their balance sheets are clean. It’s an
enormous buying opportunity. Then, why was there talk about busting up Morgan
Stanley today. Liquidating a major investment bank? Now, that’s a
devilish sign of serious trouble on the horizon.
*Here’s the
most unhealthy element that’s operative; corporate profits and executive
compensation have been strong– while wages for ordinary Americans are lower.
“What is to be done?” asked Lenin in 1917. Neither the White House nor
Wall Street know what to do to turn this decline around.
We are all
being challenged by a deterioration that seems to have no obvious public policy
solution. Pain is coming.’
States Use Sweepstakes to Boost 529 Plans Recession-battered 529 college-savings plans are
trying to lure investors with the chance to win thousands. [ This is more
preposterous than it seems at first blush. ]
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed …
an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the
level of insider corporate stock sales is telling. At 565 sells for every 1
buy, it’s never been higher. Yes, it’s
normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart. Gold
May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg
| Gold may gain for the first time in three days.
‘Bumbling’
Economy Result of ‘Meddling’ From Leaders: Ross CNBC | The
US economy is just “bumbling along” and creating an uncertainty.
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta |
If the US government reduced spending by 40% today, right this second we still
could not put a dent in a $12 trillion national debt.
Is
Gold in Fort Knox Real? Ron Paul Wants to Know Are the gold bars in Fort
Knox really made of the precious metal? Or has the U.S. government secretly
sold off the nation’s stockpile and replaced it with metal bars that are only
painted gold?
Euro
Finance Chiefs Race to Avert Greek Default European finance chiefs begin
the final stage of hammering out a Greek rescue to prevent the euro area’s
first sovereign default after the country was slapped with the world’s lowest
credit rating by Standard & Poor’s.
Good
for the jobs council, good for America? Five of the biggest companies on
Obama’s jobs council, General Electric, Citigroup, Intel, Procter & Gamble
and DuPont, rely on foreign revenues for a majority of their sales — a shift
that’s occurred just in the past several years for most of these firms.
(Washington Post) [ They’re all full of s***! You might recall then att’s
chairman armstrong’s praise for his company’s clinton / china waiver. Yet, we
all know how they mocked Ross Perot whose warnings went unheeded. In
pervasively corrupt, defacto bankrupt, war criminal nation america, inherent
criminality means blatant, over-the-top greed / self-interest invariably
prevails. And, as we saw and continue to see on fraudulent wall street, crime
in america does pay, and pays well. ’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia
/ organized crime [ this was documented with authority in the book ‘Goombata:
The Improbable Rise and Fall of John Gotti and His Gang’ Cummings,
Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
S&P
downgrades Greece It now has the world’s lowest debt grade, and S&P said
a restructuring looks “increasingly likely.” (Washington Post) [ As dire as the
Greek predicament is, some very distinguished experts say: Drudgereport: USA in
Even 'Worse Shape Financially Than Greece'... CHINA:
USA 'ALREADY DEFAULTING'... TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' Greek
rating now worst in the world... CCC... Likely
Default... Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'...
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the
level of insider corporate stock sales is telling. At 565 sells for every 1
buy, it’s never been higher. Yes, it’s
normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart.
National / World
CIA Expands Drone Strikes to Yemen Kurt
Nimmo | Obama signs off on another illegal and unconstitutional
intervention without consulting Congress. Bilderberg Plan to Save EU Falling Apart Paul
Joseph Watson | Activist spotlight on globalist agenda has elite
running scared. Deadly Fluoride: Hoax on the Run Infowars.com
| Alex Jones interviews Dr. Connett of the Executive Director of the Fluoride
Action Network. Auditors Says $6.6 Billion Missing from Pentagon Probably
Stolen LA Times | Pentagon officials determined
that one giant C-130 Hercules cargo plane could carry $2.4 billion in
shrink-wrapped bricks of $100 bills.
No to nuclear and
no to Berlusconi BBC | In the past two days the people of
Italy have been given their say.
Hezbollah
Rise In Lebanon Gives Syria, Iran Sway NPR | Hezbollah and
its allies rose to a position of unprecedented dominance in Lebanon’s
government on Monday.
Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term.
Weiner
won’t go; new photos surface on Internet AP | The
second-ranking House Democrat on Sunday joined the party leadership in urging
Rep. Anthony Weiner to quit
Two U.S. soldiers
killed in Iraq Washington Post | Two more U.S. soldiers
have been killed in Iraq.
90%
of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter
| More than 80 percent of those called captured Taliban fighters were released
within days of having been picked up, because they were found to have been
innocent civilians.
Boehner
warns Obama that Libya will violate war powers House Speaker John Boehner,
R-Ohio, sent President Obama a letter Tuesday afternoon warning him that the
operation in Libya will be violating the War Powers Resolution by this Sunday,
which marks the 90th day of U.S. military involvement in the country. Stephen
Baldwin May Run Against Alec Baldwin for NYC Mayor Alex Jones was the
keynote speaker at this year’s Talkers New Media Conference held in New York
City. Alex gave an inspiring speech to a packed house. After his speech, he ran
into Stephen Baldwin a radio talk-show host and the youngest of the four acting
Baldwins. Forget
China, Americans Have Had All Their Communications Bugged For 20 Years Outrage
over the revelation that Chinese authorities have been installing spying
devices on all dual-plate Chinese-Hong Kong vehicles is nothing compared to the
fact that Americans and European have had all their communications tracked for
at least two decades. New
9/11 Poll: Half Of New Yorkers Support New Investigation Into WTC7 Collapse A
new scientific poll reveals that almost half of all New Yorkers would support a
new investigation into the collapse of World Trade Center building 7, which
fell at free fall speed into its own footprint on the afternoon of September
11, 2001, after suffering only relatively minor fire damage. CIA Expands Drone
Strikes to Yemen The CIA is expected to begin operating armed drone
aircraft over Yemen, expanding the hunt for al-Qaeda operatives in a country
where counter-terrorism efforts have been disrupted by political chaos, U.S.
officials said. Missing
Iraq money may have been stolen, auditors say U.S. Defense officials still
cannot say what happened to $6.6 billion, sent by the planeload in cash and
intended for Iraq’s reconstruction after the start of the war. Paul:
GOP rivals bigger challenge than Obama It might be harder for Ron Paul to
beat his fellow Republicans for the opportunity to face Barack Obama than to
defeat the president himself, the Texas Republican said Monday. Bilderberg
Plan to Save Eurozone in Tatters The Bilderberg Group’s plan to rescue the
eurozone and preserve future plans for a global currency is in tatters, as the
Greek debt crisis spirals out of control and the return of national currencies
to replace the euro becomes a real possibility.
NBA
Finals 2011: Dallas Mavericks defeat Miami Heat; Dirk Nowitzki gets Finals MVP
(Washington Post) [ Who woulda’ thunk it? I ordinarily don’t comment on sports;
and, truth be told, I really don’t follow basketball except for the
championships (this was a great one) and news highlights (though I like the
game and played often prior to high school / college wrestling http://albertpeia.com/alresume.htm#ATHLETICS ). Yet, one can hardly not give it up for
the spirited Dallas Mavericks. On paper, they were given no chance; but, the
only ones who hadn’t heard those negative prognostications were the plucky
Dallas team across the board. Even the ‘little’ guys ( Barrea, Kidd ) came up
very big when it counted and when it could have gone the other way. All heart,
they deserved the great victory. We all should have known when they blew out
the lakers that they were no fluke and of their triumph to come.
Congratulations to the NBA Champion Dallas Mavericks!
Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be
with your Presidential camp, who is alleged to claim that someone claiming to
represent me called asking for $100,000, to keep me from coming forward about
our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama
is just another Banksters' moll prostituting himself .., and that's why he
supported the grotesque bail-out of the banking system and why he will always
put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv . (Washington
Post) [ Drudgereport: SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Weiner
admits, says they were harmless... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his other views of women, he tells her, “I hear
liberal girls are very, uh, accommodating of other[s],” playing on a bogus
stereotype that politically liberal women are promiscuous. When he asks the
woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow
a Jewish girl who sucks c***! this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... 'Used govt. resources'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER!
Cohen:
Fed up with favoritism toward israel (Washington Post) [ As indeed all people worldwide should be.
After all, such costly (direct and indirect) favoritism is contraindicated in
every way, particularly for defacto bankrupt america. This fact certainly
wasn’t lost on James Forrestal whose prognostication / admonition has proven
all too true. Krauthammer:
What Obama did to Israel (WP) [ The fundamental problem with Mr.
Krauthammer’s non-sequitor illogic is the manner in which war crimes nation
israel came by those land (war) and the numerous violations of u.n. resolutions
(ie., 242, 338, etc., and oslo accords, etc.), international, war crimes
(flotilla raid, etc.) since then. He thus becomes the journalistic equivalent
of what Pat Buchanan refers to as the ‘israeli amen corner’ in congress. If
only one could realistically ignore the detriment the world and america have
suffered as a direct consequence of this foreign policy bent … Top
Democrats criticize Obama’s Israel policy
(WP) [ What policy … to him, just words … more b***s*** . I’ve thus far
refrained from commenting on what I’ve anticipated to be ‘just more of the
same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes the
wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com
, historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." In 1948, U.S. Secretary of Defense James
Forrestal, an opponent of the creation of a Jewish state in Palestine, warned
that, even though failure to go along with the Zionists might cost President
Truman the states of New York, Pennsylvania, and California, it was about time
that somebody should pay some consideration to whether we might not lose the United
States. Israeli actions over the past 53 years involving U.S. interests in the
Middle East seriously challenge the "strategic asset" premise of the
Israeli lobby. Some of these actions are compiled in the list that follows: ’ ] Netanyahu
lays out vision for Mideast peace (WP) [ Vision? Don’t make
me laugh! The guy’s blind; and a ward and provocateur at america’s substantial
cost and detriment. ]
S&P slashes Greece to lowest, says default likely (Reuters)
Top 3 Reasons Markets Were Flat as Summer Kicks into Gear
Phone taps convict three more of insider trading (Reuters)
THE SPECTER OF DECLINE HANGING OVER THE
MARKET http://www.minyanville.com/businessmarkets/articles/market-market-news-double-dip-recession/6/6/2011/id/34961 Jeffrey Cooper Jun 06, 2011 ‘The specter of
a decline hangs over the market; no one knows which cycle will dominate or
whether we are in a bullish correction or on the way down to test lows.These are the days it never rains but it pours... --"Under Pressure" http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.gif
Click
here for Square of 9 . http://image.minyanville.com/assets/FCK_Jan2011/File/wheel662b.JPG
moving
averages funds See
Square of 9 here . http://image.minyanville.com/assets/FCK_Jan2011/File/wheel661.JPG
cost Financial http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201909%20final%206-5-11.gif
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201910%20final%206-5-11.gif http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJIA%201911%20final%206-5-11.gif
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ-1937-1942%20final%206-5-11.gif
price http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$INDU_D%20--%20DOW%20JONES%20INDUSTRIAL%20AVERAGE.gif
More
Temporary Solutions To Long Term Economic Problems The lifeblood is being
sucked out of America by free trade, globalization, offshoring and outsourcing.
Over the past 11 years manufacturing jobs have fallen by 11.7 million and
440,000 businesses have been lost. Paul
tells Manchester crowd inflation will hit 50 percent Texas congressman Ron
Paul on Friday predicted that inflation will hit 50 percent in the next couple
of years, thanks to the massive debt the country has accumulated.Roubini
Says a ‘Perfect Storm’ May Converge on the Global Economy in 2013 A
“perfect storm” of fiscal woe in the U.S., a slowdown in China, European debt
restructuring and stagnation in Japan may converge on the global economy, New
York University professor Nouriel Roubini said. Stocks’
plunge hits six weeks The Wall
Street slump reflects a sentiment among investors that the economic recovery is
going awry. (Washington Post) [ There never was a real recovery in economic
terms, particularly relative to costs; except, for the frauds on wall street
for whom all taxpayer largesse, ie., QE1 & 2, etc., was engineered. You
know … that wealth effect … for the frauds on wall street who did get wealthier
at everyone else’s expense. The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed … an especially great opportunity to sell
/ take profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville U.S.
trade deficit shrinks A weak dollar drove up exports of goods and services
to record levels. Jobless
claims rise Companies are cutting staff as demand slows because of tight
credit and elevated energy prices. (Washington Post) [ Jobless claims worse
than expected and the glaring absence of the ‘800 pound gorilla’; viz., the
Japanese auto sector giving an artificial boost to the u.s. auto ‘balance’ is
somewhat homologous, not analogous, to a footnote on an income statement for
extraordinary (ie., one time, etc.) items and structurally, nothing has
changed. Kill-Joy
Alert: Economic Data Not as Good As It Seems, Say Analysts at Forbes
6-9-11 Heather Struck ‘ If analysts these days are seeming like “the
glass is half empty” kind of guys, it may be for days like today, when this
morning’s seemingly upbeat economic data are already being met with
unenthusiastic grumbling. A smaller trade gap may be indicative of deeper
problems, analysts are saying, as global events have already seemed to tie into
the U.S.’s tenuous economic recovery.
Osborne
To Address Financial Elite Fresh From Bilderberg Weekend Chancellor George
Osborne will use a major speech on Wednesday to announce plans to auction off
state-owned bank Northern Rock, the Sunday Times newspaper reported. US corporate
model causing depression A recent poll revealed that almost half of the US
thinks another great depression is on the horizon. Why are Americans expecting
another economic disaster? Political columnist Harold Meyerson gives his take
on how to keep America afloat. Where are
the guillotines in Washington? The Obama administration is following the
Bush and Clinton administrations by advancing the destruction of America’s
legal and political system, spreading the criminal war on terror, and helping
private banksters rob the American people. Anonymous: Bernanke Is
Next The most well-known hacker group, Anonymous, uploaded a video message
to youtube yesterday calling for Fed Reserve Chairman Ben Bernanke to resign,
among other things. Steven
Pearlstein Managing and
even measuring a recession becomes tricky in new, global environment. (Washington Post) [ That depends on who’s
doing the measuring. Certainly if it’s ‘no-recession-helicopter-ben b.s.
bernanke’, we now all know the great recession that bernanke said would not
occur, did; and, the QE bernanke said would work, didn’t. The bottom line is
that ‘they’, individually and collectively haven’t the slightest idea what
they’re doing, nor the slightest clue what to do. The coverup invariably
militates against the measuring. Bernanke:
Economy slowing but faster growth ahead - AP [ Well, there you go …
the new maestro, ‘no-recession-helicopter-ben b.s. bernanke’, has
covered all his bases; yes, the economy’s slowing but as well, faster growth
ahead. Nothing to worry about now in this ‘non-zero sum game’; after all,
either / or he’s gotta’ be right … wrong! The
GOP’s deficit demands Sen. Jon Kyl
offers the most specific outline yet of Republicans’ conditions in the
debt-ceiling talks. (Washington Post) [Moody’s:
U.S. credit rating at risk Agency
warns of a possible credit rating downgrade if a debt-ceiling deal cannot be
reached. (Washington Post) [ I’d say, as is true of their performance in the
last phase of this ongoing crisis, they are so typically late to the party.
After all, pervasively corrupt america is already defacto bankrupt. House
rejects debt ceiling increase The
317-to-98 vote was a bipartisan rejection of extending the nation’s current
debt limit of $14.3 trillion unless major spending reductions accompany the
legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market. That’s
my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta |
If the US government reduced spending by 40% today, right this second we still
could not put a dent in a $12 trillion national debt.
National / World
90%
of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter
| More than 80 percent of those called captured Taliban fighters were released
within days of having been picked up, because they were found to have been
innocent civilians.
Globalist
Org Reports 15,000 Dead in Libya Kurt Nimmo | The
corporate media usually dismisses Libyan claims that the NATO terror campaign
is killing innocent civilians.
Just
26% Favor Continued Military Action in Libya A plurality of voters now
opposes further U.S. military action in Libya, and most say President Obama
needs congressional approval to continue those operations. Ordinance
Would Force Property Owners to Surrender Keys to Government In Cedar Falls,
Iowa, the government is attempting to nullify the Fourth Amendment. The City
Council is scheduled to vote on the third and final reading of an ordinance
adopting a 2009 International Fire Code that specifies the fire chief can
require lock boxes for emergency access to keys to buildings. Obama Seeks to
Win Back Wall St. Cash A few weeks before announcing his re-election
campaign, President Obama convened two dozen Wall Street executives, many of
them longtime donors, in the White House’s Blue Room. Weiner
to seek help during leave Top Democratic leaders call on N.Y. congressman,
who said he is taking a “leave of absence,” to step down. (Washington Post) [
Sounds like a plan! Drudgereport: SEXTING WEINER OFF TO REHAB PELOSI: You gotta' go... DNC BOSS: RESIGN... Chorus to quit grows... Cops probe texts to teen girl... MSG: 'Large. Tights and cape'... Weiner admits, says they were harmless... THE NEW TACK: Dem rep sick, needs
treatment to 'make himself well'... Old Flame Calls on Him to Quit... he transcript of a
nine-month "sexting" relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the hard-core
porn industry makes billions of dollars on selling to men. You don’t want to
gag a woman with your penis unless you have some serious issues with the way
you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘[
What a total mental case! ] Even Mr. Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Syria on
the Boil, US Warship in Black Sea Seldom it is that the Russian Foreign
Ministry chooses a Sunday to issue a formal statement. Evidently, something of
extreme gravity arose for Moscow to speak out urgently. The provocation was the
appearance of a United States guided missile cruiser in the Black Sea for naval
exercises with Ukraine. Lawmakers
push for a new Afghan strategy Congressional
leaders are urging President Obama to take full advantage of progress achieved
by narrowing the focus of the Afghan mission.
(Washington Post) [ It seems they’ve taken Robert Browning to heart;
viz., that ‘a man's reach should exceed his grasp’ (from a poem by Robert Browning ). Indeed,
they search for that ever elusive thing called ‘strategy’ vis-ŕ-vis the
so-called ‘Afghan mission’ for the umpteenth time. For them, this is but a
‘mission impossible’ as a strategy implies method to this reality of their
madness. The heroin trade which they’ve ramped up (the Taliban had all but
eradicated same) and commandeered as their own has been reason enough; yet, fog
of war creates many opportunities for the american criminals despite the
defacto bankruptcy of the nation. So, for the war criminal americans, reality
certainly falls within the ambit of beyond their grasp. Though having but 5% of the world’s population, the u.s. has 76% of
the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Where are
the guillotines in Washington? The Obama administration is following the
Bush and Clinton administrations by advancing the destruction of America’s
legal and political system, spreading the criminal war on terror, and helping
private banksters rob the American people. Anonymous: Bernanke Is
Next The most well-known hacker group, Anonymous, uploaded a video message
to youtube yesterday calling for Fed Reserve Chairman Ben Bernanke to resign,
among other things.‘Toxic
water overflow looms at Fukushima, leaks threaten clean-up’ James Corbett,
Osaka-based editor of the independent news website, says workers at the
Fukushima nuclear plant are running out of the ability to store radioactive
water – meaning any leak may slow the recovery effort, or even undermine it. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Student Loans and DOE S.W.A.T. Teams Wendy
McElroy | None of us will know the true collective power of the
federal government until it is breaking through our own doors. NATO Reportedly Bombs Libyan University Kurt
Nimmo | Corporate media continues to insist NATO bombs only kill
officially declared bad guys.
Defense
innovation for a new era Debt-reduction
talks gain speed VP (Lobotomy Joe) Biden and congressional negotiators
agree to pick up the pace of debt-reduction talks in hopes of presenting the
framework of an agreement to President Obama and congressional leaders by the
end of the month (WP) [ Sounds like a plan!
Poll:
Americans torn over debt limit
POST-ABC NEWS POLL | A large majority say the economy would probably
suffer serious harm if Congress fails to raise the federal debt limit. But
barely half support doing so, even if lawmakers also slash spending. (WP) [ I
think we’re at that point alluded to by Davis; viz., Davis ‘This is
how we pay off our current debts and I think bondholders are simply happy to
get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
High-Level
American Officials Admit that the United States Uses False Flag Terror … And
Warn of Future Attacks FBI agents and CIA intelligence officials,
constitutional law expert professor Jonathan Turley, Time Magazine, Keith
Olbermann and the Washington Post have all said that U.S. government officials
“were trying to create an atmosphere of fear in which the American people would
give them more power”.
Worst
Market In Nine Years Spells Worsening Woes at Forbes Robert Lenzner StreetTalk ‘We broke through 12,000 on the Dow
today in the climax to the worst week in 9 years. It was also the
6th straight week of stock declines– widely understood to be a sign of
what’s to come in the economy. Even Apple, the darling of the tech world, sold
off every day this week– even in the face of Steve Jobs introduction of the
“cloud” storage of all our social media and entertainment software.All this
hasn’t punctured the wishful thinking at the Fed and on Wall Street,
where corporate profits are expected to prove stock prices are too cheap.
Here’s the list of the wishful thinking items I heard or read
today;
*There won’t
be a default on US debt– or even a reduced credit rating. I have to admit
a gnawing anxiety about resolving budget cuts sufficient to raise the
debt limit by trillions. Yes, trillions. Could there really be a
political stalemate and flirtation with a crisis over our finances? I’m
beginning to think the worst of all possible worlds. China and Germany are
looking to reduce our credit rating. Comes the revolution, an overthrow of
American financial superiority.
*Oil prices
will decline and that development will allow consumers to spend
money and stimulate the economy. Maybe they will– and maybe they won’t. Rules
should installed to limit speculation in energy futures by institutional
investors.
*We are close
to a bottom in housing. My answer; we’ve been told we were close to
a bottom for many months now– and it’s an absurd notion. Yale’s Schiller is
suggesting the loss in housing values could be another 10-20%. Goldman Sachs
called this horror story over a year ago.
* If the
economy doesn’t pick up, Fed Chief Bernanke will declare QE3. Except that QE2
failed to create jobs or economic activity. It only served to help speculators
in gold, silver and oil. There will be an outcry if QE3 is declared as it only
helps the gold lovers– and they are already filthy rich.
* The bank
stocks are selling below book value; their balance sheets are clean. It’s an
enormous buying opportunity. Then, why was there talk about busting up Morgan
Stanley today. Liquidating a major investment bank? Now, that’s a
devilish sign of serious trouble on the horizon.
*Here’s the
most unhealthy element that’s operative; corporate profits and executive
compensation have been strong– while wages for ordinary Americans are lower.
“What is to be done?” asked Lenin in 1917. Neither the White House nor Wall
Street know what to do to turn this decline around.
We are all
being challenged by a deterioration that seems to have no obvious public policy
solution. Pain is coming.’
15 Reasons Markets Cracked Below Critical Trading Levels Wall St Cheat Sheet June
11, 2011, Dow 11,951
S&P500 1,270 Nasdaq 2,643 Gold 1,532 Oil 99
‘Markets were
range bound Monday through Thursday until taking a dive Friday. Oil (NYSE:USO ) couldn’t stay above $100 a barrel. Gold (NYSE:GLD ) and Silver (NYSE:SLV ) shed a few points as the US Dollar (NYSE:UDN ) had a little rally.
Fresh Off the
Press: Wall
St. Cheat Sheet’s newest Feature Trades of the Month !
Now, for the
15 reasons markets moved this week:
Monday
1) Banks
spooked a low volume market. Famed investors John
Paulson and David Tepperare offloading their holdings in financial
institutions . Bank of America (NYSE:BAC ) and Citigroup (NYSE:C ) are still under major scrutiny for their books.
And, Goldman Sachs (NYSE:GS ) can’t shake the threat of major lawsuits. All that
was enough to put financials (NYSE:XLF ) in a tailspin for the day.
2) Apple WWDC
took center stage. Tech titan Apple (NASDAQ:AAPL ) announced all their big new items for the
acolytes. iCloud, iTunes Match, and the new iOS 5 were all stars of the show.
We covered the event live
in detail , then put together your
Cheat Sheet to everything you need to know about WWDC .
3) Airlines
and Autos were a major drag. The International
Air Transportation Association offered up bad news as profit outlooks
were slashed due to the disaster in Japan (NYSE:EWJ ), the Grimsvotn volcano ,
and rising fuel costs (NYSE:USO ). On the ground, General Motors (NYSE:GM ) hit fresh 52-week lows, down 1.92% to $28.56.
Tuesday
1) Bernanke
admitted the economy was slowing. Well, he admitted it then said he thinks
growth will be back soon. Don’t worry, soon. Although lustful traders were
hoping for some huge QE3 announcement, Bernanke
still gave us more QE 2.5 where the Fed will continue buying securities and
accommodating the financial markets as needed. Can someone say, ZIRP?
2) E3 took the
baton from Apple. Yesterday Apple held the tech spotlight, but today the
exciting video game sector was front and center. Microsoft (NASDAQ:MSFT ), Sony (NYSE:SNE ), Nintendo and all the big game makers started
pulling back the curtain on what gamers will die for during the holiday season
(Check Out: E3
Wrap Up. And the Winners are … ). That’s 180 degrees away from former tech
darling Research in Motion (NASDAQ:RIMM ) which
keeps crashing and burning .
3) Another
Economic Advisor gone. Austan Goolsbee will be leaving his position as chairman
of the White House’s Council of Economic Advisers. Wall St. Cheat Sheet
Assistant Editor Emily Knapp explores the deeper question, “Why
is Obama’s Economic Team Bailing Out? ”
Wednesday
1) OPEC. Crude
(NYSE:USO ) had been down the last few days in anticipation
of OPEC increasing the cap on production. But this morning when they decided to
maintain production restrictions at current levels, it was the only big
financial news release, so oil futures skyrocketed while everything else
remained relatively still. See
Why It’s All About That Texas Tea.
2) Tech has
been unimpressive, at best. With no really big news or cool new gadgets coming
out of Apple’s (NASDAQ:AAPL ) Worldwide Developers Conference, Nokia (NYSE:NOK ) continuing its downward spiral, the legality of
the AT&T’s (NYSE:T ) buyout of T-Mobile still being debated, and a host
of unimpressive numbers from companies like Microsoft (NASDAQ:MSFT ) and LinkedIn (NYSE:LNKD ), the usually booming tech sector has been taking
a bit of a vacation this week.
3) The Beige
Book. The Federal Reserve released the Beige Book this afternoon, a snapshot of
the country’s economic condition. Unsurprisingly, we’re not doing that great.
Progress has slowed in just about every sector while many companies are facing
higher input costs, passing them on to consumers in the form of higher prices.
Nothing dampens the market like reminding people just how bad things are.
Thursday
1) Economic
Indicators. This morning data from the Federal Reserve showed the trade
deficit is narrowing . That got markets off to a good start. The
positive news was followed up by better than expected wholesale inventory
reports and significant decreases in consumer debt. Not all good news on the
macro-economic front though as initial
jobless claims were slightly worse than expected and the Fed reported a
missing $6.6
trillion dollars in consumer wealth since 2007.
2) Mining and
Agriculture led the way. In spite of reports that corn (NYSE:CORN ) reserves are at the lowest levels since the 1970s,
Mining and Agriculture (NYSE:RJA ) stocks largely out-performed the market today. A
report from PriceWaterHouseCoopers indicating revenues in mining companies are
shooting “through
the roof ” sparked the bulls in the sector, and stocks such as Deere &
Company (NYSE:DE ) and Mosaic (NYSE:MOS ) posted big daily returns.
3) The
Financial Sector took a breather. Bruised and battered financials (NYSE:XLF ) finally took a day off from losses, with the
sector also out-performing the market on the day. Bank (NYSE:KBE ) stocks were up across the board in spite of new
pending lawsuits for Morgan Stanley (NYSE:MS ) and Goldman-Sachs (NYSE:GS ), and a hacker-assault
on Citigroup (NYSE:C ) that compromised information of over 200,000
customers. Income from banks’ debit card transaction fees is also set to take
a big hit when the Dodd-Frank reforms go into effect next month, but
analysts believe those estimates have already worked their way into pricing.
Friday
1) Oil
Production is up. Saudi Arabia curbed oil supply fears later in the day by
announcing they would step to the plate and up oil production significantly.
The drop in oil prices was somewhat extreme given yesterday’s data that for the
first time in history oil
consumption outpaced production in 2010.
2) Dollar
prices firm. The dollar (NYSE:UUP ) finished the day up 1.23% versus the Euro, + .05%
versus the Yen, and +.09% against the Pound. Currency values surged on news
that QE3 probably isn’t coming anytime soon. The same news also sent investors
into a panic and prompted stock sell-offs.
3) Bad news
overseas. A number of reports of weak economic data came in today from across
the pond in England (NYSE:EWU ), where UK manufacturing output was significantly
lower than expected. Worries continued to swirl amid default concerns related
to Greek Debt and ECB offered little reassurance. News from Asia was crappy too
as Chinese markets (NYSE:FXI ) were growing slower than expected and a trade
surplus was below-par level expectations, Korean bank (NYSE:EWY ) raised its interest rates, and industrial
production slowed in India (NYSE:IFN ). The aggregate news combined to put a damper on
the market…’
Minyanville's
T3 Weekly Recap: Market Extends Weekly Losing Streak to 6 at Minyanville
Top
3 Reasons Markets Faltered as Dow Dips Below This Psychological Level Wall
St. Cheat Sheet
Is the Stock
Market Signaling a Double-Dip? ETFguide Simon
Maierhofer, June 10, 2011, Over the past few weeks
various economic indicators have been building a coffin for the U.S. economy.
Could Friday's unemployment figures be the last nail?
Before we
entertain the much dreaded D-D word (Double Dip), let's take a look at some of
the economic numbers and see if it's really that bad.
Housing
Market
May's data for
housing was all bad. It started out with weak housing starts reported on May 17
and continued with worse than expected pending home sales (May 27) and an
S&P/Case-Shiller Home Price Index that dipped to the lowest level since
March 2003.
The
discrepancy between the performance of real estate (NYSEArca: IYR - News ), REIT ETFs (NYSEArca: VNQ - News ), and the actual real estate
market has long highlighted the absurd power of QE2 to lift stocks but leave
the rest of the economy in the dust.
The chart
below shows the performance of the S&P/Case-Shiller Home Price Index
(20-Composite).
http://www.etfguide.com//contributor/UserFiles/8/Image/SPCase-Shiller.gif
Unemployment
This weekend's
Wall Street Journal put a positive spin on the jobless report and simply
stated: 'Job market loses momentum.' If you really look at the numbers, you'll
see that the jobless recovery never had any momentum.
It's taken a
lot of lipstick and statistical alchemy, such as excluding workers that
have been out of a job for more than 99 weeks and simply decreasing the
workforce, to keep this 'pig' more presentable than it really is.
Consumer
Confidence
Consider this
for a moment. In May 2011, small caps (NYSEArca: IWM - News ) and mid caps (NYSEArca: MDY - News ) reached an all-time high. I
won't spend time pointing out how contradictory this is to the global economic
(NYSEArca: EFA - News ) picture.
Despite
certain segments of the market being at all-time highs and the Dow Jones (DJI:
^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) at new recovery highs,
the Consumer Board's Consumer Confidence Index was at a dismal 60.8 in May.
http://www.etfguide.com//contributor/UserFiles/8/Image/CCB%20Confidence%20Index.gif
As the above
chart shows, the average reading since 1967 is 94.5. The current reading is
lower than it was after the 9-11 attacks and about as low as in 2002. Consumer
spending accounts for 75% of GDP. What happens if the consumer doesn't feel
confident?
Worse
than Expected
Other worse
than expected numbers in May came from the Empire State Manufacturing Survey,
Redbook Retail Survey, Philly Fed Survey, Durable Goods Orders, GDP, Chicago
PMI, and the ISM Manufacturing Report.
They were
worse than expected because economists - who are generally bullish at the top
and bearish at the bottom - expected much better numbers. Thanks to Citigroup,
it is now possible to quantify just how right or wrong economists are.
The Citigroup
Economic Surprise Index measures actual data outcome relative to consensus
expectations. A positive index reading means that economic releases have, on
balance, been beating consensus estimates. As of June 2, the index was at -91
(see chart below).
http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI.gif
Dare to
be Different
Unlike most
economists, the ETF Profit Strategy Newsletter expected the market to peak out
after an April rally. Following a low-risk entry against major Fibonacci
support at 1,255 in March, the S&P formed a rare bullish dragonfly doji.
The Newsletter's forecast for the month of April (issued on April 3) read as
follows:
'A dragonfly
doji generally carries bullish implications. Considering the overall technical
picture and the bullish April seasonality, higher prices seem likely and odds
favor a buy the dips strategy over the next 1-3 weeks. There is a fairly strong
Fibonacci projection resistance at 1,369. In terms of resistance levels, the
1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a
reversal of potentially historic proportions.'
The importance
of 1,369 was re-emphasized again on May 1, with a recommendation for aggressive
investors to short the S&P against 1,369. Following a 46-month low in the
VIX (Chicago Options: ^VIX) on Friday April 29, the S&P topped on Monday
May 1, at 1,370 and hasn't really looked back since.
Adjusting
the Sensors
The purpose of
any sensor, gauge, or indicator is to signal trouble before it happens. A
'Check Engine' light doesn't help much if it lights up after the engine
blows. The proverbial canary in the coal mine is vital because it smells toxic
gases before anyone else does.
Unfortunately,
Wall Street doesn't subscribe to the concept of prevention, and neither do
economists. If they did, there wouldn't have been a 2002 tech crash (NYSEArca: XLK - News ), a 2005 real-estate crash,
or a 2007 financial crash (NYSEArca: XLF - News ).
Many economic
indicators (and the economy) never really recovered. Normally this is reflected
in stock prices. However, like a muzzle, QE2 has restrained the stock market
from expressing its feelings freely.
Perhaps there
is hope that Mr. Bernanke will unleash some version of QE3, but now is not the
time to base investment decisions on hope. After a 100%+ rally from the 2009
low, the easy money has been made.
Profiting in
the years to come won't be a piece of cake and may require more than the Wall
Street Journal's list of 1,000 biggest stocks and a dart…’
Ron Paul
says inflation will hit 50 percent New Hampshire Union Leader
| Inflation will hit 50 percent in the next couple of years, thanks to the
massive debt the country has accumulated.
Stocks
Fall on Dow’s Longest Slump Since 2002 Bloomberg | U.S.
stocks fell for the sixth straight week, giving the Dow Jones Industrial
Average its longest slump since 2002.
Many
of us won’t be able to retire until our 80s Marketwatch.com
| Many Americans will have to keep on working well into their 70s and 80s to
afford retirement.
Debt-reduction
talks gain speed VP (Lobotomy Joe) Biden and congressional negotiators
agree to pick up the pace of debt-reduction talks in hopes of presenting the
framework of an agreement to President Obama and congressional leaders by the
end of the month (Washington Post) [ Sounds like a plan! Poll:
Americans torn over debt limit
POST-ABC NEWS POLL | A large majority say the economy would probably
suffer serious harm if Congress fails to raise the federal debt limit. But
barely half support doing so, even if lawmakers also slash spending. (WP) [ I
think we’re at that point alluded to by Davis; viz., Davis ‘This is
how we pay off our current debts and I think bondholders are simply happy to
get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
U.S.
trade deficit shrinks A weak dollar drove up exports of goods and services
to record levels. Jobless
claims rise Companies are cutting staff as demand slows because of tight
credit and elevated energy prices. (Washington Post) [ Jobless claims worse
than expected and the glaring absence of the ‘800 pound gorilla’; viz., the
Japanese auto sector giving an artificial boost to the u.s. auto ‘balance’ is
somewhat homologous, not analogous, to a footnote on an income statement for
extraordinary (ie., one time, etc.) items and structurally, nothing has
changed. Kill-Joy
Alert: Economic Data Not as Good As It Seems, Say Analysts at Forbes
6-9-11 Heather Struck ‘ If analysts these days are seeming like “the
glass is half empty” kind of guys, it may be for days like today, when this
morning’s seemingly upbeat economic data are already being met with
unenthusiastic grumbling. A smaller trade gap may be indicative of deeper
problems, analysts are saying, as global events have already seemed to tie into
the U.S.’s tenuous economic recovery.
The data
showed that the U.S. trade deficit narrowed to $43.68 billion in April, a 6.7%
drop from the month before. The drop was fueled by a $3.7 billion drop in oil
imports to the U.S., which has been dealing with higher energy prices. Kevin
Logan, chief U.S. economist for HSBC, says this detail makes the data less a
predictor of future growth than it usually would be.
“Normally an
improvement in the trade balance leads to an increase in estimates of GDP
growth in the quarter. But if the trade balance is improving because of an
across-the-board drop in demand for oil products there should be little impact
on GDP growth,” Logan said.
U.S. exports
grew 1.8% to $153.3 billion in April, the Commerce Department said. However, a
portion of that may be attributed to plant closures in Japan following the
earthquake and tsunami there, moving supply-chain momentum to the U.S.
On top of a
separate report from the Department of Labor Thursday that showed that jobless
claims were at a two-month low last week (See “Jobless
Claims Inch Higher ”), the data nonetheless helped to move markets broadly
up, with the biggest gains in the Dow, which gained more than 1% by 2:00 p.m.
in New York to 12,172. U.S. Treasuries have been falling since the morning,
however, the yield on the 10-year bonds reaching 3.01% after a lengthy streak
below the 3% mark.
To round off
the day’s economic news, ECB President Jean-Claude Trichet used the words that
everyone was waiting for – “strong vigilance” – in a talk Thursday morning,
signalling that an interest rate hike may be coming for the central bank of the
EU. The euro, in response, dipped 0.5% against the dollar today to 1.4506.’
Well,
it’s official. U.S. stock prices have fallen for six weeks in a row. So will
next week make it seven? The last time stocks declined for seven weeks in a row
was back in May 2001 when the “dot-com” bubble was bursting.
4 Comments
China
ratings house says US defaulting: report A Chinese ratings house has
accused the United States of defaulting on its massive debt, state media said
Friday, a day after Beijing urged Washington to put its fiscal house in order. Time to take a
chainsaw to spending America is the largest debtor nation in the history of
the world. As the country goes deeper into the hole, how worried should we be?
Congressmen shouldn’t be worried about our credit rating, says Quantum Fund’s
Jim Rogers. The
Handling of the Economic Crisis May Lead to Civil Unrest CNN’s Jack
Cafferty notes that a number of voices are saying that – if our economy
continues to deteriorate (which it very well might) – we are likely headed for
violence, and civil unrest is a growing certainty.
National / World
6
in 10 Americans Now Oppose Obama’s War in Libya The Atlantic
| The president has made himself vulnerable by launching the conflict without
congressional cover.
Globalist
Org Reports 15,000 Dead in Libya Kurt Nimmo | The
corporate media usually dismisses Libyan claims that the NATO terror campaign
is killing innocent civilians.
‘Libyan
gold was globalist game all along’ NATO is continuing its barrage of the
Libyan capital, with no sign there will be any let-up until Colonel Muammar
Gaddafi goes. Western and Arab countries are showing their support for the
Libyan opposition by pledging more money.
Charlie Skelton Reacts to Astounding Bilderberg
Confrontation Footage Interview With Swiss Politician Dominique Baettig Who
Confronted Bilderberg Infowars | Swiss Politician
Dominique Baettig tells Infowars.com why he has used his position to officially
question the secrecy of the Bilderberg group. Male Prostitutes Service Bilderberg Members at Elite Summit? Paul
Joseph Watson | Bilderberg attendees photographed leaving El Paradiso
compound following admission of gay escorts being transported there. Mentally Disabled Man Considered Terrorist by TSA Kurt
Nimmo | If you continue to fly, you are to blame for the TSA abusing
the mentally disabled, pregnant women, and children.
Locating
Bilderbergers Infowars.com | On the trail of an
escort who will service Bilderberg members.
Texas
Sheriff’s Office Issues Domestic Terrorism Warning The Bandera County
Sheriff’s Office issued a warning Thursday to citizens about an anti-government
movement known for acts of domestic terrorism. Bilderberg
Behind Rick Perry 2012 Run Texas Governor Rick Perry is dipping his toes
into the 2012 presidential race, coincidentally, as the Bilderberg conference
convenes in St. Moritz, Switzerland. Bilderberg, notorious kingmakers in the
U.S. and Europe, tapped Perry in 2007, inviting him to the conference meeting
in Istanbul and presumably vetting him for higher office. Has his moment now
arrived?
The
Senate’s sound of silence “Quorum
calls” usually do nothing besides fill up empty minutes; this year, there are
more of them. (Washington Post) [ Ah,
yes! When there is complete silence, freedom will ring; after all, they can’t
muck up what they’re not in session to f***up! Milbank:
Congress clocks in to clock out (Washington Post) [ ‘At 10 a.m. Tuesday morning, the Senate
came to order. Forty-one seconds later, it adjourned. During this legislative
session, there was no bill under consideration, no debate on the floor, not
even an opening prayer or a pledge of allegiance. The only senator in the chamber
was Mark Warner (D-Va.), the presiding officer. ‘After completing his gavel duties, Warner looked up at the 20
tourists in the public gallery and wondered aloud to the clerk what the
spectators must think of the proceedings.“They think, ‘this is our government?’
” the clerk replied. That’s if they’re being charitable. The Senate is supposed
to be in Memorial Day recess this week. But the chamber is so ungovernable that
Majority Leader Harry Reid doesn’t even have the votes to declare a recess. So
he decided instead to have a few “pro forma” sessions, such as Tuesday’s,
allowing senators to take a vacation without voting for it. In a sense, the
Senate has been in a pro-forma session all year…’ Now who’s being charitable …
I’d say Mr. Milbank in his euphemistic description supra as well as his
unflinching defense of wobama the b
(for b***s***) despite wobama’s reneging on virtually all his campaign promises
/ rhetoric to the nation’s unequivocal detriment. Thus, it is indeed Mr.
Milbank, journalistically speaking, who as well clocks in to clock out. Simply
put, wobama is nothing less than the worst of the democratic platform combined
with the worst of the republican platform. At near single digit approval rates
for congress, I find it difficult to imagine a realistic approval rate for
wobama exceeding same. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones
FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Ex-NSA
official avoids jail time Accused leaker Thomas Drake will plead guilty to
a misdemeanor; other charges will be dropped. (Washington Post) [ This man
deserved an award or medal while the nation destroying big wall street frauds
have been too connected to fail or jail. The failed story of pervasively
corrupt, defacto bankrupt america. The story of decline and fall of a nation. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm The frauds on
wall street et als should be criminally prosecuted, jailed, fined, and
disgorgement imposed … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville
Beating
Obama Should the GOP attack his leftist ideology or his failed leadership?
(Washington Post) [ How about all of the above and more. Clearly an anti-bush,
left-leaning wobama the b (for b***s***) would have been good for this country
and the world had he only done what he campaigned on and promised to do; yet,
he’s been little more than ‘bush 2 or 3’ and not even bush light, and hence,
also a failed president. There’s very little difference between the parties
when ‘push comes to shove’. Indeed, the incumbent ‘comradery’ with an ever
vigilant eye toward only staying in office militates against the courageous
action necessary to lessen the magnitude of the damage they’ve already done and
continue to do, both by misguided action and inaction. …
Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Weiner: What a total mental case! What can you expect from national sinkhole new york
(new york / new jersey metro area).
Jon
Stewart’s cutting Weiner satire
“The Daily Show” host stopped pulling punches and made himself the star
of the story. (Washington Post) [The comedic gift that keeps on giving …‘what’s
in a name?’ On the serious side, it’s a psychoanalytic field day; what a total
mental case! Pressure
ramps up on Weiner to resign Weiner’s
political survival in doubt Rebuked
by fellow Democrats, the congressman faces a likely House ethics committee
investigation. (Washington Post) [ But his survival as a ‘cyber hot dog’ is
assured. After all, you can’t expect to have everything in this world; you
know, ‘have your hot dog on display and eat it too’. Anthony’s Weiner is
destined to live in infinity; or should I say infamy] New
X-rated Weiner photo hits web... Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings ,Volkman DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his other views of women, he tells her, “I hear
liberal girls are very, uh, accommodating of other[s],” playing on a bogus
stereotype that politically liberal women are promiscuous. When he asks the
woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow
a Jewish girl who sucks c***! this thing is ready to do damage.” ‘ [ What a total mental case! What can you expect from national sinkhole new york
(new york / new jersey metro area). ] Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were routinely
exposed by ‘italians’ in the new york d.a.’s office over the objection of the
FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings ,Volkman REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) Tearful US congressman admits to crotch photos (AFP) ] 'This
Could Be The End For Him'... ’Pot Calls
Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he
still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world combined...
fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are
included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Germany’s
hard line on Greek bailout
Officials are demanding that private investors contribute a
“substantial” amount toward any new bailout. (Washington Post) [ Private, as in
non-Greeks? Demand? Sounds to me like something’s rotten in the state of ‘euro-mark’
… and in defacto bankrupt america … Obama
Presses Europe, Pledges Help for Greek Crisis CNBC | Obama
offers bailout money for Greece. [ Why
doesn’t he just send them a u.s. dollar printing press; you know, one of the
old ones since only $100 presses are used in the u.s. now. Such largesse, as
the bankrupt lead the bankrupt.] Albert
Edwards: Bear market could take S&P down to 450 Posted by Prieur du
Plessis under Investment , Stocks
‘I have not referred to my friend Albert Edwards’s views for a while.
Given the rather difficult juncture at which the U.S. stock market finds
itself, I thought it opportune to consult with the big guy over at Société Générale in
London. In short, Albert sees that the structural bear market in equities has
not yet reached bottom. “We have long said that the de-bubbling process would
end only when equities become very cheap and revulsion in equities as an asset
class hangs in the air like a fog,” commented the famed strategist.
“Equity investors are in for a rude shock. The global economy is sliding
back into recession and they are still not even aware that these events will
trigger another leg down in valuations, the third major bear market since the
equity valuation bubble burst. We will return to the valuation nadir last seen
in 1982, with the S&P bottoming around 450.”
Albert is never short of drawing analogies: Investors’ continued
optimism “as the equity bloodbath of the last decade enters its final, even
bloodier phase” reminded him of the Black Knight in Monty Python & the Holy Grail . “Despite being
grievously wounded by King Arthur, the Black Knight makes light of his injuries
which he dismisses as a flesh wound. The vast bulk of the investment industry
fails to appreciate that we are locked in a structural bear market and about to
enter Act III,” he concluded.’
US
Is Nearing Even Worse Financial Crisis: Jim Rogers Margo D. Beller | The U.S.
is approaching a financial crisis worse than 2008. ‘The U.S. is approaching a financial crisis worse than 2008, Jim
Rogers, chief executive, Rogers Holdings, warned CNBC Wednesday.“The debts that
are in this country are skyrocketing,” he said. “In the last three years the
government has spent staggering amounts of money and the Federal Reserve is
taking on staggering amounts of debt…’
Oil
price rises sharply after Opec meeting collapses in disarray Guardian
| Proposal to increase production rejected by 6 of 12 members.
U.S. Trade
Deficit Unexpectedly Narrows Bloomberg | The U.S. trade
deficit unexpectedly narrowed in April.
Initial
Jobless Claims Rise by 1,000 at TheStreet
US
Trade Deficit Narrows, But Does This Amount Matter? Wall St. Cheat
Sheet
Top 3 Reasons Markets Bounced Back After 6-Day Losing Streak
AAII
Sentiment Survey: Pessimism Spikes Wall St. Cheat Sheet
10
Reasons the Market Pullback Will Continue
Americans Don’t Believe Government Lies: “Forty-Eight
Percent Say That Another Great Depression Is Likely To Occur In The Next Year …
More Than Eight In Ten Americans Say That The Economy Is In Poor Shape” Federal
Reserve chairman Ben Bernanke says that jobs and growth will pick up in the
second half of the year.
10
Signs That Wall Street Is About To Go Into Panic Mode Can you smell the
fear? Right now world financial markets are visibly nervous and many are
worried that Wall Street is about to go into panic mode. Here
It Comes: Obama Considering Another Fiscal Stimulus Bolded bullets aside,
good luck passing another fiscal stimulus Dear President when you can’t even
issue debt without stealing money from government retirees. Senators
seek crackdown on “Bitcoin” currency Two senators are pressing federal
authorities to crack down on an online black market and “untraceable” digital
currency known as Bitcoins after reports that they are used to buy illegal
drugs anonymously.
National / World
18
Signs The Collapse Of Society Is Accelerating As the U.S. economy
collapses, the thin veneer of civilization that we all take for granted is
going to begin to disappear. In fact, there are already an increasing number of
signs that the collapse of society is accelerating.
Bilderbergers Build Wall to Hide Attendees Kurt
Nimmo | Conniving elitists try to hide behind linen wall stretched
around resort. High Quality Bilderberg 2011 Video & Photos, St.
Moritz Infowars | High quality photos from
Bilderberg 2011 at the Suvretta Hotel in San Moritz taken by Aaron Dykes and
the Infowars team. Europe Marches on Bilderberg Tyrants Infowars.com
| A large protest against the criminal global elite hidden away in their
exclusive Swiss resort is critical if we are going to send a message of unified
resistance to the New World Order.
Obama
loses bin Laden bounce; Romney on the move among GOP contenders (Washington
Post) Steven Pearlstein
(Washington Post) [ Yeah! I do think Mr. Pearlstein has touched upon an
obscure if not fine line which does indeed undermine faith in the Romney
candidacy. After all, after ‘wobama the b’ (for b***s***) it’s ‘voter beware’
like never before. The pandering to the israeli lobby, zionists, neo-con right
wing is so unctuous and transparent that it substantially undermines his
otherwise ‘desirability factors’ as a candidate. Wobama is a grim reminder of
the damage that not doing as pledged can do to this nation particularly, and
other nations less directly (ie., mideast, euro zone, etc.). As such, for one
to support Romney in light of his indefensible, misguided israeli stance,
they’d be put in the untenable position of believing that he didn’t mean what
he said; or, put another away, that they don’t believe what he said. Romney
says he can heal economy He kicks
off presidential bid by trumpeting his record as a turnaround specialist in
business. (Washington Post) [ Well, he’s certainly not going to do that by
toeing the israeli lobby line as did failed president wobama the b (for
b***s***), despite his recent rhetoric (meaningless coming from wobama the b)
seemingly, but not really in terms of action (he’s literally continued the
perma-war policies of war criminal and moron dumbya bush; ie., Afghanistan,
Libya, etc., Drudgereport: FLASHBACK:
Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA . This despite the defacto bankruptcy of
the nation. It is time to tell the mentally deficient at the pentagon along
with other war mongering neocons that the days of their easy money, fog of war
thefts (ie., 360
tons of $100 bills flown into Iraq and ‘disappeared’, etc. ) and nebulously fat budgets are over. Stated another
way, math, economics, and finance count. I’d say law should count but we all
know that’s not the case in meaningfully lawless america (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed). Obama
is committed to Israel (Washington Post) Rahm Emanuel He’s been invested
since his first days in office.{Yes! I do believe this is among the few
instances when emanuel is telling the truth; and, pervasively corrupt, defacto
bankrupt america has the red ink, red blood (of u.s. soldiers), and failed
geopolitical strategy to prove it.}
Robert
Gates: Kucinich move on Libya ‘dangerous’ Politico | Gates
says move to end Libya attack would undermine alliances and military
operations. House
Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com
| Yanked from schedule only after it became clear that it might succeed. { In robert gates’ cia-alice-in-wonderland
world, a failed defacto bankrupt american banana republic with gunboat
diplomacy will do just fine (thank you very much for your wasted tax dollars).
}
Tough
choices in Europe over Greece Greece will need more than $40 billion
to keep itself afloat and sidestep a nightmare scenario: a default by one of
the countries that use the euro. (Washington Post) [ Fait accomplis? I’d say,
‘look homeward hell’s angels’. After
all, we do have near 50 such fiscal basket-cases here in the pervasively
corrupt, defacto bankrupt disunited states. Meanwhile, america / nato are
frittering money / resources away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Low
hopes for Afghanistan Ryan Crocker
didn’t dissuade the pessimism.
(Washington Post) [ Pessimism? How about reality! Think of the most
optimal conclusion there as measured against the cost. Not worth it! And, keep
in mind an optimal conclusion is highly unlikely. Hence, at this precarious
point in pervasively corrupt, defacto bankrupt america’s history, hopes just
don’t cut it; and, are wholly insufficient to justify such costly, ill-founded,
misguided policy. Report:
Afghan nation-building effort in peril
EXCLUSIVE | Hugely expensive U.S. effort has had only limited success
and may not survive an american withdrawal, according to the findings of a
two-year congressional investigation to be released Wednesday. (Washington
Post) [ Has everybody lost their minds?
‘(Afghanistan) may not survive an american withdrawal’? How about the reality
that Afghanistan might not survive a continued american presence; and, ditto
for the occupiers, viz., defacto bankrupt america hemorrhaging red ink
therefrom and more. I’d call what they’re doing, ‘nation-destroying’ which
reality is not lost on the people affected.… 6th
soldier charged in plot to kill Afghan civilians (WP) Afghanistan’s
Karzai gives U.S. final warning: stop killing civilians Afghan President
Hamid Karzai called on the US military on Sunday to avoid operations that kill
civilians, saying it was his “last warning” to Washington after 14 people
allegedly died in an air strike. … Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Pressure
ramps up on Weiner to resign A
handful of Capitol Hill Democrats call for the New York congressman to step
down. (Washington Post) [ Weiner's
political life dims as lewd photo appears (AP) AP - Embattled New York Rep. Anthony Weiner's prospects for
political survival dimmed precipitously on Wednesday with the appearance on the
Internet of an X-rated photo said to be of the congressman — and the first
calls from fellow Democrats for him to step down. Weiner’s
political survival in doubt Rebuked
by fellow Democrats, the congressman faces a likely House ethics committee
investigation. (Washington Post) [ But his survival as a ‘cyber hot dog’ is
assured. After all, you can’t expect to have everything in this world; you
know, ‘have your hot dog on display and eat it too’. Anthony’s Weiner is
destined to live in infinity; or should I say infamy …] New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his other views of women, he tells her, “I hear
liberal girls are very, uh, accommodating of other[s],” playing on a bogus
stereotype that politically liberal women are promiscuous. When he asks the
woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow
a Jewish girl who sucks c***! this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) Tearful US congressman admits to crotch photos (AFP) ] 'This
Could Be The End For Him'... ’Pot Calls
Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he still
wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on her.Kramer
walked in to Weiner’s office, announced herself as being from CBS 2 in New York
City and said she’d like to see the congressman. Those few words created quite
the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Albert
Edwards: Bear market could take S&P down to 450 Posted by Prieur du
Plessis under Investment , Stocks
‘I have not referred to my friend Albert Edwards’s views for a while.
Given the rather difficult juncture at which the U.S. stock market finds
itself, I thought it opportune to consult with the big guy over at Société Générale in
London.In short, Albert sees that the structural bear market in equities has
not yet reached bottom. “We have long said that the de-bubbling process would
end only when equities become very cheap and revulsion in equities as an asset
class hangs in the air like a fog,” commented the famed strategist.
“Equity investors are in for a rude shock. The global economy is sliding
back into recession and they are still not even aware that these events will
trigger another leg down in valuations, the third major bear market since the
equity valuation bubble burst. We will return to the valuation nadir last seen
in 1982, with the S&P bottoming around 450.”
Albert is never short of drawing analogies: Investors’ continued
optimism “as the equity bloodbath of the last decade enters its final, even
bloodier phase” reminded him of the Black Knight in Monty Python & the Holy Grail . “Despite being
grievously wounded by King Arthur, the Black Knight makes light of his injuries
which he dismisses as a flesh wound. The vast bulk of the investment industry
fails to appreciate that we are locked in a structural bear market and about to
enter Act III,” he concluded.’
‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not
alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits while
you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ Here's
The Proof U.S. Companies Are Taking Jobs Abroad at Forbes Robert Lenzner StreetTalk ‘The jobs are going to the foreign
affiliates of U.S. companies in far greater numbers than the jobs that are
created for U.S. affiliates of U.S. companies. The proof of the pudding is in a
chart below, recommended to Forbes by the Ewing Marion Kauffman
Foundation in Kansas City, that is recognized as a fountain of research
and ideas about entrepreneurship. The more the entrepreneurship, the more
the jobs, the more the success of the U.S. economy.http://blogs-images.forbes.com/robertlenzner/files/2011/06/lenzners-chart.png
Since 1982 the
index of jobs going to the foreign affiliates of U.S. companies has risen
some 80% from a low of 100 in 1982 to 180 currently. By comparison, the index
of jobs at the U.S. affiliates of U.S. companies rose from 100 in 1982 to a
peak of 130 in 2000–before the tech bubble and the housing bubble– and in
the last decade has fallen back to 110. This means the number of jobs created
by US companies inside the nation has risen by only 10% over 30 years.
By another
comparison, the jobs created by new small business in the U.S. has increased by
20 million over the 1980-2005 period. We will try to determine if this
rate of job creation is continuing. Obviously, something must be done to reduce
the unemployment rate of 9.1%– as well as the underemployed rate of 15-20%.
Kauffman’s
Dane Stangler, director of research, believes many of these new jobs were
created by employees, who lost their positions at a large company, and t
hen went into business for themselves. This probably won’t be sufficient to
dent the unemployment rate today.
Public policy
measures like the Fed’s quantitative easing and the Obama administration’s
Recovery Act just did not pack sufficient wallop to get the job done. “To
bring the unemployment rate down, GDP growth needs to be more rapid,” Christina
Romer, former chairman of Obama’s economic advisors, said recently in a speech.
“We need to be adding not 100,000 to 200,000 jobs a month, but more like
400,000 or even 500,000 per month.”
QE2, Romer
insisted,”came a year too late,” and the Recovery Act “wasn’t big enough.” ‘
Beige
Book: Fed's Snapshot Shows Scuffling Economy at Forbes Steve
Schaefer ‘ A day after sweeping remarks from Ben Bernanke that touched
on everything from the economic
soft patch to commodity inflation to bank
regulation , the Federal Reserve released its the Beige
Book for its June 21-22 meeting. The snapshot of economic conditions from
the central bank’s 12 districts supported the chairman’s view of a continuing,
though decelerating, recovery.
Dallas was a
bright spot, the lone district to indicate growth is speeding up, while New
York, Philadelphia, Atlanta, and Chicago all noted slowing growth. Consumer
spending turned mixed since the last Beige Book released April 13, which comes
as little surprise as households continued to feel the pinch of higher prices
at the pump even as crude oil eased back below the $100 threshold ...
The report
noted some challenges in auto sales attributed to supply disruptions from
March’s natural disaster in Japan. Automakers like GM, Ford and Toyota have
acknowledged the impact of such disruptions, but the effect is likely
temporary.
There was
nothing to write home about in the housing portion of the report, as Fed
districts reported “widespread weakness” in residential construction and real
estate, though rental housing conditions have strengthened and let to a pickup
in development. Loan demand was steady to stronger, the Fed says, amid broad
improvement in credit quality, which should come as little surprise given the
massive post-crisis deleveraging undertaken by households and businesses that
continues apace.
Other segments
of the Beige Book offered further confirmation of trends that are
well-established. Manufacturing growth continues, but at a slower pace, the
labor market is lackluster at best and companies are facing challenges in
passing along higher input prices – like oil, agricultural commodities and
industrial metals – to customers.
The release of
the Beige Book comes with U.S. stocks trying, and failing to break a losing
streak. Ninety minutes to the close the major indexes were near session lows
with the Dow Jones industrial average off 12 points at 12,059, the S&p 500
4 points at 1,281 and the Nasdaq 23 points at 2,679.
Earlier
Wednesday, concerns of slower growth continued to surface in the government
bond market as an auction of $21 billion in 10-year Treasury notes drew a yield
of 2.97% amid strong demand. The rate was the lowest since November.’
Oil's
Path Is Only Up From Here: Analyst at Forbes Heather Struck ‘ After
OPEC’s production talks in Vienna broke down Wednesday the door is likely open to
continued high oil prices, and strengthening demand is only helping to put
further pressure on crude oil’s record levels this year.
In May Saudi
Arabia boosted its output by 450,000 barrels a day to 9 million barrels
of oil in order to meet supply levels. In the U.S. demand has been growing
robustly, at 19.2 million barrel per day.
Energy stocks
are seeing gains for two Dow components – Exxon Mobile and Chevron – which were up 2% and 1% respectively Wednesday.
While gasoline
and energy push up demand at a robust pace, supply is facing headwinds. Libya
has ceased production while its nation undergoes a forceful change of
leadership, and Russia’s production is spotty.
“Production is
going to be erratic for the rest of the year” says Amrita Sen, an energy
analyst for Barclays Capital. There will pockets of weakness in the Middle East
and China, and there will be pockets of strength in the U.S., Canada and
Brazil.
If oil prices
were going to be stabilized through production levels, it would have been at
the OPEC meeting today, where Middle Eastern nations such as Iran and Saudi
Arabia argued over politics. After the talks failed, “everything is [up to]
Saudi Arabian policy,” according to Sen.
In a May 26
note, Sen said the OPEC meeting would be a test for oil prices for the
remainder of the year
The trigger for the next move higher, in our view,
could be the upcoming OPEC meeting on June 8, where the lack of a proactive
approach to mitigating the shortfalls in the market could serve to
significantly tighten balances.
Investors seemed to take that possibility into
account Wednesday, as West Texas intermediate crude moved up 1.8% to $100.85 a
barrel, while Brent crude eased slightly from the day’s high, landing at
$117.85.’
Top
3 Reasons Markets were Down While OPEC Pushed Oil Up Wall St. Cheat
Sheet June
8, 2011, 5:13 pm EDT
Markets closed
down on Wall Street: DJI -0.18% SP500 -0.42% Nasdaq -0.97% Gold - 0.41% Oil
2.05% .
On the
commodities front, Oil (NYSE:USO ) rocketed up past $100 a barrel after OPEC decided
not to increase a cap on oil production, while precious metals were down
with Gold (NYSE:GLD ) ending regular trading down 0.41% and
Silver (NYSE:SLV ) down 0.25% at close…
Today’s
markets were mixed because:
1) OPEC. Crude
(NYSE:USO ) had been down the last few days in anticipation
of OPEC increasing the cap on production. But this morning when they decided to
maintain production restrictions at current levels, it was the only big
financial news release, so oil futures skyrocketed while everything else
remained relatively still. See
Why It’s All About That Texas Tea.
2) Tech has
been unimpressive, at best. With no really big news or cool new gadgets coming
out of Apple’s (NASDAQ:AAPL ) Worldwide Developers Conference, Nokia (NYSE:NOK ) continuing its downward spiral, the legality of
the AT&T’s (NYSE:T ) buyout of T-Mobile still being debated, and a host
of unimpressive numbers from companies like Microsoft (NASDAQ:MSFT ) and LinkedIn (NYSE:LNKD ), the usually booming tech sector has been taking
a bit of a vacation this week.
3) The Beige
Book. The Federal Reserve released the Beige Book this afternoon, a snapshot of
the country’s economic condition. Unsurprisingly, we’re not doing that great.
Progress has slowed in just about every sector while many companies are facing
higher input costs, passing them on to consumers in the form of higher prices.
Nothing dampens the market like reminding people just how bad things are.’
Bernanke:
Economy slowing but faster growth ahead - AP [ Well, there you go …
the new maestro, ‘no-recession-helicopter-ben b.s. bernanke’, has covered
all his bases; yes, the economy’s slowing but as well, faster growth ahead.
Nothing to worry about now in this ‘non-zero sum game’; after all, either / or
he’s gotta’ be right … wrong! The
GOP’s deficit demands Sen. Jon Kyl
offers the most specific outline yet of Republicans’ conditions in the
debt-ceiling talks. (Washington Post) [Moody’s:
U.S. credit rating at risk Agency
warns of a possible credit rating downgrade if a debt-ceiling deal cannot be
reached. (Washington Post) [ I’d say, as is true of their performance in the
last phase of this ongoing crisis, they are so typically late to the party.
After all, pervasively corrupt america is already defacto bankrupt. House
rejects debt ceiling increase The
317-to-98 vote was a bipartisan rejection of extending the nation’s current
debt limit of $14.3 trillion unless major spending reductions accompany the
legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to
sell / take profits while you still can since there's much worse to come!
Remember: ‘Sell in May and go away! ‘ …
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
OPEC
Talks Break Down, No Deal to Lift Oil Supply OPEC talks broke down in
acrimony on Wednesday after Saudi Arabia failed to convince the cartel to lift
production, sparking a rebound in global oil prices. Asleep at the wheel During a
press conference with German Chancellor Angela Merkel, President Obama stated,
“I’m not concerned about a double-dip recession. I am concerned about the fact
that the recovery that we’re on is not producing jobs as quickly as I want it
to happen.” Obama’s Failure to Fill
Economic Posts Is an Unforced Error - Daniel Gross,
Y! Finance The ultimate failure to fill key posts in important agencies
is its own goal, an unforced error, a self-inflicted wound.
Fine
Print of Goldman's Subprime Bet - Andrew Ross Sorkin, NYT
Timothy
Geithner, the persuader Many wondered if Geithner would last. Now he’s a
central figure in Obama administration. (Washington Post) [ The persuader?
Yeah, anything but what tiny tim’s supposed to be … because … nothing succeeds
like failure in pervasively corrupt, defacto bankrupt america. After all,
central figure in wobama’s administration doesn’t say much … Obama's rating on economy hits new low: poll (Reuters) Obama: No fears of double-dip recession (AP) [He’s so ‘brave’,
he has no fear; and, after all, look at all his wars … yet, reality proves he’s
all b***s***, that ‘wobama the b’(for b***s***). Daily
economic briefings disappear from Obama’s White House schedule (I personally believe wobama doesn’t
understand economics.) Madoff
employee pleads guilty Documents charged Eric Lipkin, a former employee,
with helping Madoff perpetrate his epic Ponzi scheme. (Washington Post) [ ‘Tiny
taters’! Yet, there are loads of such fraudulent interrelationships on
fraudulent wall street, part and parcel of the last and ongoing ubiquitous
fraud; albeit too big to fail or jail despite intimations to the contrary. Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billiions from the fraud ) .
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Scam
artists run amok Double-digit profits in one day from short-sale investing?
It’s a sign of fraud, not market savviness. (Washington Post) [ Wow! Separating
the wheat from the chaff in terms of fraud on wall street is, owing to
pervasiveness, a job that even Mr. Phelps of ‘Mission Impossible’ fame couldn’t
handle. After all, what isn’t fraudulent on wall street today? Nothing … nada …
zed … zero. Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Bernanke:
Setbacks are temporary Fed chairman
suggests economy will accelerate as year progresses despite recent signs of weakness. Poll:
Obama hits new lows on economy (Washington Post) [ Oh really? Like the
‘no-recession’, helicopter ben? One thing is certain and not temporary; viz.,
the gains for the frauds on wall street at great expense to all from the failed
policies as noted by analyst Andy Bove: ‘Bove also took a hard shot at the
Fed’s Quantitative Easing program calling it “a miserable failure.” ‘
Housing
prices fall 'beats Great Depression slide'... Meredith Whitney Adds 10 New States To Her Sh*t List Bess
Levin Bove:
Fed Is Clueless On Bank Regulations at Forbes Halah Touryalai [ ‘..QE2 was a boondoggle for investors in financial instruments
but had no impact on the economy ‘ . Yeah! Boondoggle, fraud, ongoing fraud /
coverup in the trillions (The Real “Margin” Threat: $600
Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A
Collateral Scramble That Could Send US Treasurys To All Time Records… ) …
I’d say that’s putting it mildly. ] ‘A
speech on Friday by Federal Reserve Governor Daniel Tarullo has bank analyst
Dick Bove up in arms…
From the note:
The suggestions being made indicate that the Fed has
no understanding:
Of what caused the
financial collapse The current
structure of the banking industry’s balance sheet How banks interact
with the economy Why QE2 was a
boondoggle for investors in financial instruments but had no impact on the
economy …’
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away!
Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! Bernanke:
Economy slowing but faster growth ahead - AP [ Well, there you go …
the new maestro, ‘no-recession-helicopter-ben b.s. bernanke’, has
covered all his bases; yes, the economy’s slowing but as well, faster growth
ahead. Nothing to worry about now in this ‘non-zero sum game’; after all,
either / or he’s gotta’ be right … wrong!
Wanted:
Economic policymakers There is a void atop much of the financial arms, with
about a dozen senior positions vacant. (Washington Post) [ How about just
stating as appropriate, there’s a huge void, period. These people, from
‘no-recession-helicopter-ben b.s. bernanke’, to ‘tiny tim geithner’, to ‘wobama
the b (for b***s***)’, to congress, to high,mid,lower level federal employees,
to u.s. executives, etc., haven’t the slightest idea what they’re doing, or
what to do. But, they do know how to throw a great fraud on wall street! Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' ECONOMIC 'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... Meredith Whitney Adds 10 New States To Her Sh*t List Bess
Levin Bove:
Fed Is Clueless On Bank Regulations at Forbes Halah Touryalai [ ‘..QE2 was a boondoggle for investors in financial instruments
but had no impact on the economy ‘ . Yeah! Boondoggle, fraud, ongoing fraud /
coverup in the trillions (The Real “Margin” Threat: $600
Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A
Collateral Scramble That Could Send US Treasurys To All Time Records… ) …
I’d say that’s putting it mildly. ] ‘A
speech on Friday by Federal Reserve Governor Daniel Tarullo has bank analyst
Dick Bove up in arms…
From the note:
The suggestions being made indicate that the Fed has
no understanding:
Of what caused the
financial collapse The current
structure of the banking industry’s balance sheet How banks interact
with the economy Why QE2 was a
boondoggle for investors in financial instruments but had no impact on the
economy…’
National
/ World
Weiner's
political life dims as lewd photo appears (AP) AP - Embattled New York Rep. Anthony Weiner's prospects for
political survival dimmed precipitously on Wednesday with the appearance on the
Internet of an X-rated photo said to be of the congressman — and the first
calls from fellow Democrats for him to step down. Weiner’s
political survival in doubt Rebuked
by fellow Democrats, the congressman faces a likely House ethics committee
investigation. (Washington Post) [ But his survival as a ‘cyber hot dog’ is
assured. After all, you can’t expect to have everything in this world; you
know, ‘have your hot dog on display and eat it too’. Anthony’s Weiner is
destined to live in infinity; or should I say infamy …] High Quality Bilderberg 2011 Video & Photos, St.
Moritz Infowars | High quality photos from
Bilderberg 2011 at the Suvretta Hotel in San Moritz taken by Aaron Dykes and
the Infowars team. Europeans to Converge on Switzerland for Bilderberg Protest Steve
Watson | Alex Jones has called for activists the world over to descend
on the luxury Suvretta House hotel this Saturday at 12 noon. Breaking: Secret Bilderberg Agenda Leaked by Mole Kurt
Nimmo | Alex Jones and Infowars.com have received inside information
regarding the Bilderberg agenda now unfolding in the idyllic Swiss countryside.
Bilderbergers May Give Green Light to Mexican Central
Banker as New IMF Boss Kurt Nimmo | Neoliberal
central banker held high-level positions at the Banco de México, World Bank,
International Monetary Fund, and Bank of International Settlements. Obama
Presses Europe, Pledges Help for Greek Crisis CNBC | Obama offers bailout money for
Greece. [ Why doesn’t he just send them
a u.s. dollar printing press; you know, one of the old ones since only $100
presses are used in the u.s. now. Such largesse, as the bankrupt lead the
bankrupt.]
Report:
Afghan nation-building effort in peril
EXCLUSIVE | Hugely expensive U.S. effort has had only limited success
and may not survive an american withdrawal, according to the findings of a
two-year congressional investigation to be released Wednesday. (Washington
Post) [ Has everybody lost their minds?
‘(Afghanistan) may not survive an american withdrawal’? How about the
reality that Afghanistan might not survive a continued american presence; and,
ditto for the occupiers, viz., defacto bankrupt america hemorrhaging red ink
therefrom and more. I’d call what they’re doing, ‘nation-destroying’ which
reality is not lost on the people affected.… 6th
soldier charged in plot to kill Afghan civilians (WP) Afghanistan’s
Karzai gives U.S. final warning: stop killing civilians Afghan President
Hamid Karzai called on the US military on Sunday to avoid operations that kill
civilians, saying it was his “last warning” to Washington after 14 people
allegedly died in an air strike. … Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' ECONOMIC 'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... CHICAGOLAND:
Flash Mobs Attack 2 Men... WAR
NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES Chicago
rapper calls Obama 'biggest terrorist' in US... Poll:
Obama approval rating drops as fears of depression rise... OBAMACARE
GOES TO COURT... Judges
suggest they may be ready to declare law unconstitutional... ...Express
unease with gov't forcing Americans to buy health care Random
mobs run wild in Chicago... TARGET
CITY BUSES... Victims
seriously injured... NYT: SAUDIS SPENDING $7K PER CITIZEN TO AVOID
OVERTHROW OF KINGDOM... DEVELOPING... OBAMA
OFFERS BAILOUT $$ FOR GREECE... POLL:
Only 24% Say They Share President's Political Views... Nearly
half of Americans fear another Great Depression... OPEC
BREAKDOWN, NEW OIL SPIKE... FED:
Economy falters in several US regions... Lack
of buyers may force Treasury to boost interest rates... China
overtakes USA as top energy consumer... Warns
debt-default idea is 'playing with fire'... Fitch
to review US debt rating... TAX
FURY IN ATHENS AS GOV'T FACES DEBT 'Bankrupt'
claim heightens Spanish debt fears... 9.1% MAY JOBS: +54,000... MCDONALD'S
hired half... Fears
stoked of a 'double-dip'... CBO:
True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama
Claims... Taxpayers
Still Bailing Out Banks... WH:
'Bumps on the road to recovery'... O
gets booed... LET'S
GOLF ABOUT IT China
Divests 97% of Holdings in US Treasury Bills... DOOM:
More Americans Think Economy Will Never Recover... GOP
sees Obama as increasingly beatable... Recovery
Languishing as Americans Await Signal of Better Times... Congress
Delivers Obama 'Stunning Rebuke on Libya'... Weiner
withdraws from speaking engagement... Dow tumbles 280 points... Private Sector Jobs Grew By Only 38,000 in May... Planned
Layoffs Up... Manufacturing
Slows... MOODY'S:
US Rating Could Be Placed Under Review... Greece
goes further into junk territory; MOODY'S downgrades... AP:
Consumer confidence falls 'unexpectedly' in May... BARONE:
Pro-Obama media always shocked
by bad economic news... Home-price
index at lowest point since 2006 bust... 'Double-Dip'
Even Worse Than Expected... GOLDMAN
SACHS: $5 gas this summer... Number
of federal-owned limousines has soared under Obama... Obama
bailout of GOV'T MOTORS to cost taxpayers at least $14 billion... Obama
solicitor general: Don't like healthcare mandate, earn less money! REPORT:
Senate's 100 members spend $40M for 700 offices nationwide... 7
'NATO troops' killed Thursday were American... British
Health Care Program in Grave Peril... Netanyahu:
Israel cannot prevent UN recognition of Palestinian state... First
ID'ed as 'Int'l Security Assistance Force service members'... Deadliest
day this year... WARS
RAGE ON...
U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA Anti-Christian
Violence Continues in Pakistan... UPDATE:
MIAMI 'WAR ZONE' DURING URBAN WEEKEND... 'I
was scared for my life'... Poet
'Da Real One' Gunned Down In Front Of Miami Poetry Cafe... Violent
crime explodes in Myrtle during Black Bike Week; 8-hour hell... Rib
Fest At Rochester beach turns rowdy... Riot
On Long Island... Urban
Melee In Charlotte... Chaos
causes DNC concern for convention... Unruly
urban crowd shuts down Nashville water park... Emanuel
shuts down packed Chicago beach; 'heat-related illnesses'... REPORT:
'Dozens of gang bangers'... TEEN
GANGS UNLEASHED ON BOSTON BEACH WHO: Radiation From Cell Phones Can Cause Cancer... In same category as lead, engine exhaust,
chloroform... VIDEO:
Woman Screams For Help After TSA Molestation... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) Tearful US congressman admits to crotch photos (AFP) ] 'This
Could Be The End For Him'... ’Pot Calls Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’! ‘Not
cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect from
national drain / sinkhole new york (new york / new jersey metro). I haven’t
read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! In a 12-page
note yesterday, the Rochdale Securities analyst said Tarullo’s suggestion on
Friday that systemically important financial institutions (SIFI) should
increase their capital ratios by 20% to 100% above current levels is “a perfect
example of what is wrong” with the Fed’s approach to the banking system.
From the note:
The suggestions being made indicate that the Fed has
no understanding:
Of what caused the
financial collapse The current
structure of the banking industry’s balance sheet How banks interact
with the economy Why QE2 was a boondoggle
for investors in financial instruments but had no impact on the economy
When the Fed should have been tightening restrictions
on the banks over the past decade, it loosened them. Now that the economy is
either in a pause or slowing down and the Fed should be easing restrictions on
the banks, it is tightening them. As a consequence, there is now $1.5 trillion
dollars sitting in the Fed earning virtually nothing while unemployment rises
and the economy falters.
It is simply incomprehensible that this nation can be
so poorly served by those people who should be expected to know what they are
doing. Mr. Tarullo’s remarks are so totally absurd that it is difficult to
assume that they will ever be heeded.
Raising banks’ capital ratios will have a horrific impact
on the economy and one similar to 1937 when the Fed increased reserve ratios
twice sending the U.S. back into Depression, Bove argues.
Tarullo said in his speech that he wants the new
capital to come from common equity which means banks would likely have to raise
the money by issuing new common shares. Bove thinks that’s absurd because banks
have already upped their tangible common equity (TCE) as a result of
post-financial crisis regulatory pressure.TCE is at 8.56% of assets, the
highest in 76 years, he says.
Based on the actual data, going back 76 years, the
actions of the banks in the past three years have created one of the safest and
soundest banking systems in American history. The Federal Reserve:
Does not believe
this It has simply not
looked at the historical numbers, or It sees a financial
disaster brewing that has yet to be revealed.
The banking industry’s focus on restructuring of
their balance sheets and raising capital has resulted in a lack of loans for
the rest of the economy noting that loans in the banking system fell by $803
billion or 10.2% from Q3, 2008 to Q1, 2011. “What is clear is that the banking
industry simply stepped out of the economy. It was not providing funds to meet
economic needs. It could not do so given the requirements that were layered
upon it. This also happened in the 1930s and 1940s when bank loans fell to
15.9% of bank assets and government securities rose to an estimated 61.0%.”
Nontheless, in the worst case scenario under
Tarullo’s suggestion some 20 U.S. banks with more than $50 billion in assets
would have to have tangible common equity ratios of 14% of assets. To get to
this level, which would be $1.386 trillion in dollar terms, they’d have have to
raise $755.7 billion, Bove argues.
“This would require selling 35.3 billion new shares
of stock. The dilution would be 106.5%. Some companies, like Regions Financial (RF/$6.36/Sell) would be thrown out of
business,” he notes.
Bove also took a hard shot at the Fed’s Quantitative
Easing program calling it “a miserable failure.” More from Bove’s Fed-bashing
note:
The Federal Reserve is buying $600 billion in
Treasury Securities under the program’s mandate.
In six months from the end of October last year to
the end of May this year, reserves at the Federal Reserve have jumped by $568
billion and there is still one month to go in QE2. Net free reserves in the
system rose by $532 billion.
These numbers indicate that the banking system never
put the QE2 money to work in the economy. They simply redeposited it back in
the Federal Reserve itself. However, the new money did have one clear impact.
It drove up asset values:
The S&P 500 has
grown by 13.9% from the end of October to the present; the price of oil is
up 12.6%; and gold is up 13.2%. The annualized rate
of inflation in the 4 months to October 2010 as measured by the CPI was
1.4%; the annualized rate in the first four months of this year has been
10.5% (the economy was growing in October of last year and it is slowing
now).
But no need to worry because Tarullo’s suggestion is
so “absurd” that it’s unlikely to even happen, Bove says.
Well, he actually put it more harshly:
No other country in the world, except perhaps
Switzerland, is likely to lose all sense of reality as Mr. Tarullo has. The
United States will not get unanimity for this decision anywhere but in the
academic halls of the U.S. Federal Reserve.
I unfortunately believe these people may have lost
their minds just as the U.S. Congress did when it passed the Dodd/Frank Act.
However, the proposal may be taken seriously by investors. If so it spells
danger for bank stocks. This is because it is likely that some form of this
inane proposal may actually be put in place.’ ‘ ]
Top 3 Reasons Markets Crashed After Bernanke Spoke Wall
St. Cheat Sheet June 7, 2011 ‘Markets closed down on Wall Street: DJI -0.16%
SP500 -0.1% Nasdaq -0.04% Gold - 0.19% Oil 0.74% .
On the
commodities front, Oil (NYSE:USO ) put on another dollar to close at $98.74, while
precious metals were mixed with Gold (NYSE:GLD ) was down slightly to $1,546 and Silver (NYSE:SLV ) up 1.15%.
Today’s
markets were down because:
1) Bernanke
admitted the economy was slowing. Well, he admitted it then said he thinks
growth will be back soon. Don’t worry, soon. Although lustful traders were
hoping for some huge QE3 announcement, Bernanke
still gave us more QE 2.5 where the Fed will continue buying securities and
accommodating the financial markets as needed. Can someone say, ZIRP?
2) E3 took the
baton from Apple. Yesterday Apple held the tech spotlight, but today the
exciting video game sector was front and center. Microsoft (NASDAQ:MSFT ), Sony (NYSE:SNE ), Nintendo and all the big game makers started
pulling back the curtain on what gamers will die for during the holiday season
(Check Out: E3
Wrap Up. And the Winners are … ). That’s 180 degrees away from former tech
darling Research in Motion (NASDAQ:RIMM ) which
keeps crashing and burning .
3) Another
Economic Advisor gone. Austan Goolsbee will be leaving his position as chairman
of the White House’s Council of Economic Advisers. Wall St. Cheat Sheet
Assistant Editor Emily Knapp explores the deeper question, “Why
is Obama’s Economic Team Bailing Out? ” …’
The
US Debt Limit is Out of Control – Exclusive with Liz Claman Wall St.
Cheat Sheet ‘ The US is drowning in red ink … and it keeps getting
worse. I caught up with Fox Business anchor Liz Claman to get a Cheat Sheet for
crazy
government spending :
Damien
Hoffmna: Liz, politicians seem to be treating the debt limit like a joke —
we’ve been raising it for decades. How can we get drunken sailors to limit the
bottles at the bar?
Liz Claman: I
wouldn’t say anyone in Washington is treating it like a joke. They’re truly
nervous about it because they don’t know what will happen if we don’t raise the
debt ceiling. What I would say is that neither side is getting serious at ALL
about cutting spending. The Republicans said, “We’ll raise it but only if you
marry that with spending cuts.” They started out strong.
Rep. Paul Ryan
came up with a good starting point but Democrats pounced on it saying it would
cut too much from Medicare/Medicaid. His Republican brethren were fine with it
until they heard from their constituents who flipped out, yelling, “Why should
our Medicare get cut? Tax the wealthy.” In the end, everyone wants to get
reelected instead of doing the right — and obviously painful — thing. Cut
Medicare and Medicaid…’ [ How ‘bout the obvious, unpainful thing; viz.,
prosecute the big frauds on wall street and get disgorgement in the hundreds of
billions (though the ongoing extant fraud is in the trillions. ]
How
the Second-Mortgage Crisis is Gaining Momentum Wall St. Cheat Sheet
Down Goes Asia? at
Minyanville Lloyd Khaner Jun 07, 2011 ‘The threat of a meltdown in Asia is just one
of 19 worries facing investors this week. ‘ LLOYD'S WALL OF WORRY The debt crisis in Europe is causing waves
in Asia, where major clothing and electronics makers, and others who rely on a
strong Eurozone market, are seeing share prices drop or wobble. At home, the US
debt ceiling problem is quickly becoming "a lose-lose situation," and
other issues -- the housing crisis, unemployment and the fast-approaching end
of QE2 -- have investors "freaked." So this week Lloyd's Wall of Worry remains high, at 19 blocks. New
fears -- the risk “FIX IT!” (From the 2:18 mark.)office trading shares
LIBYA:
Congressional patience running short, our involvement running long. Bad combo. financial
China May Dump Dollar USA
Today & CNBC | The dollar fell to a one-month low against a basket
of currencies on Tuesday .
Gold
firms as dollar slides to one-month low Reuters | Gold
firmed on Tuesday as the dollar slid to a one-month low
GM chief
pushing for higher gas taxes Detroit News | Dan Akerson
wants the federal gas tax boosted as much as $1 a gallon,
IMF
rolls out $3 BLN bailout to push Mubarack’s men to top of pyramid International
bankers are preparing to hand out a massive loan to Egypt’s temporary leaders,
just months after praising the financial growth overseen by the FORMER regime. Daily
economic briefings disappear from Obama’s White House schedule At some
point during the first two years of his administration, President Obama stopped
receiving the daily economic briefing that he requested when he took office.
True
Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says The Congressional
Budget Office (CBO) says the real cost of the federal government guaranteeing
the business of failed mortgage giants Fannie Mae and Freddie Mac is $317
billion — not the $130 billion normally claimed by the Obama
administration. Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ) . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
Defacto bankrupt, fraudulent america also spends more on military
spending than all the nations of the world combined... federal employees /
contractors, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
ECONOMIC CRISIS ARCHIVE
National / World
Obama's rating on economy hits new low: poll (Reuters)
Obama: No fears of double-dip recession (AP) [He’s so ‘brave’,
he has no fear; and, after all, look at all his wars … yet, reality reality
proves he’s all b***s***, that ‘wobama the b’(for b***s***). Daily
economic briefings disappear from Obama’s White House schedule (I personally believe wobama doesn’t
understand economics.) Madoff
employee pleads guilty Documents charged Eric Lipkin, a former employee,
with helping Madoff perpetrate his epic Ponzi scheme. (Washington Post) [ ‘Tiny
taters’! Yet, there are loads of such fraudulent interrelationships on
fraudulent wall street, part and parcel of the last and ongoing ubiquitous
fraud; albeit too big to fail or jail despite intimations to the contrary. Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ) . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Scam
artists run amok Double-digit profits in one day from short-sale investing?
It’s a sign of fraud, not market savviness. (Washington Post) [ Wow! Separating
the wheat from the chaff in terms of fraud on wall street is, owing to pervasiveness,
a job that even Mr. Phelps of ‘Mission Impossible’ fame couldn’t handle. After
all, what isn’t fraudulent on wall street today? Nothing … nada … zed … zero. Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Major Swiss Newspaper Gives Bilderberg Front Page
Coverage Steve Watson | An influential Swiss daily
newspaper has today awarded front page coverage to stories on this week’s
secretive elite Bilderberg meeting. Top Bilderberger: Eurozone Collapse Threatens Global
Currency Agenda Paul Joseph Watson | Harvard
Professor reveals globalists are panic-stricken about Greece debt default
threat to survival of single currency. Whole Foods admits its organic foods contain genetically
modified ingredients Natural News | Genetically
modified foods have become so ubiquitous in the US that even the grocery store
‘Whole Foods’ now admits it cannot keep biotech foods off its shelves. Drone surveillance in the US? Alex Jones says ‘the whole
world is in danger’ RT | As the US plans to
increase drone aircraft usage abroad, now law enforcement in the States is
getting ready to adopt robotic planes back home for surveillance purposes.
Proposed
New Airport Checkpoints Include Iris Recognition, In Built Full body Scanners Anyone
whose behaviour raised concern – such as a passenger buying a one way ticket in
cash – would go through a different channel which would also feature a full
body scanner. Dollar
Index at 1-Month Low as China Warns on US Assets The dollar fell to a
one-month low against a basket of currencies on Tuesday and a record low
against the Swiss franc after a Chinese official said the greenback would
continue to weaken versus other major currencies. Obama’s
rating on economy hits new low: poll Americans’ disapproval of how
President Barack Obama is handling the economy and its growing budget deficit
has reached new highs amid broad frustration over the slow pace of economic
recovery, according to a Washington Post-ABC New poll released on Tuesday. Top
Bilderberger: Eurozone Collapse Threatens Global Currency Agenda A top
Bilderberg member has revealed that globalists are panic-stricken about a
potential eurozone crisis caused by a Greek debt default that could precipitate
the collapse of the Euro and also derail the wider agenda for multi-regional
currency unions and eventually a global currency system. Drone
surveillance in the US? Alex Jones says ‘the whole world is in danger’ As
the US plans to increase drone aircraft usage abroad, now law enforcement in
the States is getting ready to adopt robotic planes back home for surveillance
purposes. While drone usage is expected to be expanded in America by 2013, Infowar’s
Alex Jones says that in some states it has already been happening for
years. All
misquotes are not created equal For politicians, the power of a historic
quote is alluring. Whether it has to be accurate is another thing. Fact
Checker: Sarah Palin’s midnight ride (Washington Post) [ Yeah! She’s all that … dumb! The joke that
keeps on giving … particularly to SNL among other late-night comic fare … yet,
the ‘pizza klatch’ with the other fake reality show joke that keeps on giving,
t_rump, part of that new york / new jersey metro sinkhole, made for the 2 for 1 comedic concentration that
was ‘free-for-all’ … to see. Why
we read Palin’s tell-all The
underlying interest says something more primal than simply our fascination with
Mama Grizzly. (Washington Post) [ I’d say it’s more of a curious fascination
with the ‘new american dumb’. After all, who can deny the boost she got from
SNL’s Tina Fey’s impresarios highlighting same. Yet, in comparison with and
juxtaposed to the rest of the Washington field (mccain, bush, wobama, et als),
she’s got plenty of cover / camouflage.
Send to a friendSarah Palin: Don't pick on Donald Trump Politico - Even though Donald Trump has wholeheartedly embraced
the wall-to-wall media coverage that's come with his promotion of the widely
discredited “birther” issue, Sarah Palin argued Tuesday that the press is
treating him ... Trump's business success claims questioned CBS News ‘…Trump hotels and casinos in Atlantic City have
filed for bankruptcy protection three times. While Trump blamed market forces,
he has long been chairman of the board for the casino businesses.In his
defense, Trump said he "didn't run the company." Isikoff then asked
why he was paid $2 million per year to chair the board of that business. Trump
replied: "Excuse me. Because I'm a genius, okay."Trump said many
different businesses license the use of his name, but he's not directly
involved in their operations.Casinos have not been the only weakness in the
Trump empire. There have been many high profile bankruptcy filings, bad real
estate deals, and a trail of ongoing lawsuits accusing him of bad business
practices.Another questionable move was "Trump University," an
online, for-profit business education firm. The attorney general in Texas
ordered him to stop using the word "university" in its title. Trump
said his company was unaware of restrictions on the use of that word.Isikoff
also said he asked Trump if he thought the state of Hawaii was lying in regards
to Obama being born there, and he did not answer the question. In summation of
his experiences that qualify him to be President of the United States, Trump
told Isikoff: "My successes...have been vast. I don't even view myself as
having failures, and I certainly learned from things that don't work out as
well." ‘ As Trump rants, TV ratings slide Tampabay.com Parker:
The GOP plays a crazy Trump card (Washington Post) [ I don't know what polls
Ms. Parker's referring to; but unless she's referring to mobster trump
apprentice news (trump was fired from his own casino company), that certainly
doesn't comport with polls I've read. Moreover, like palin, trump's the joke
that keeps on giving (for SNL, late-night talk hosts, etc.) ...’ ‘The
picture was of me, and I sent it’
In an extraordinary reversal at an extraordinary news conference, N.Y.
Rep. Anthony Weiner said that he had in fact sent multiple inappropriate
messages to multiple women but that he had done nothing illegal and would not
resign. (Washington Post) [ Yes, indeedy! It was Tony’s weeny! Anthony’s
Weiner! Drudgereport: WHACKED, NOT HACKED! 'Used govt.
resources'... Breitbart: 'I Want To Hear
Truth'... 6 'inappropriate'
relationships... ABCNEWS: Mystery Woman
Revealed... HER STORY... Risqué Online Chats, Photo
Swaps... SLIDESHOW... VIDEO: 'Web of lies'... TWITTER TEARS:
WEINER ADMITS REPORT: Woman claims to have
200 explicit messages from NY Dem... IT MIGHT BE MY WEINER! REPORT: WEINER'S TALE
UNRAVELING... By Daniel Libit Sunday,
June 5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s
claim that his Twitter account was hacked, a key clue has been missing: exactly
how the notorious groin pic was posted online. But according to data provided
exclusively to The Daily from TweetCongress.org, a nonprofit website that
captures each member of Congress’s Twitter feeds in real time, the shot seen
round the world was transmitted using TweetDeck — a popular Adobe desktop
application that links up with social networking sites. A review of Weiner’s
Twitter stream from May 27, the day of the crotch pic, shows that Weiner had
been posting only from TweetDeck — one of many ways to post messages to Twitter
— that entire night. Chet Wisniewski, a senior security adviser at security
software company SophosLabs, said the TweetDeck stamp “does make it more plausible
that it did come from him.” Weiner used TweetDeck frequently, but he often also
posted from the Web directly or from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) Tearful US congressman admits to crotch photos (AFP) ] 'This Could Be The End For
Him'... 'Have You Ever Taken A
Picture Like This Of Yourself?'... WEINER CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony
Weiner said Thursday he’s finished talking about the lewd photo sent from his
Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Democratic
change in Bahrain does not serve US interests: Kissinger Former US
secretary of state Henry Kissinger emphasized that a democratic change in
Bahrain did not serve the interests of his country, highlighting once again the
western double standard towards the Arab revolt, the daily Die Welt reported
Monday. Poll:
Support for Afghan war rises
Finding may give Obama breathing room as he decides how many troops to
withdraw from in July. (Washington
Post) [ Ah, riiiiight! Living proof that americans are not only dumb as h**l,
but masochistic as well! After all, pervasively corrupt america is defacto
bankrupt, with all that that portends for americans in the most negative
sense. Drudgereport:
TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A
GREAT, GREAT DEPRESSION...'
ECONOMIC 'HORROR'
AS DATA PLUNGES Dow Has Longest Weekly Slump
Since '04... Housing prices fall 'beats
Great Depression slide'... . Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WaWP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ignore cases that involve black defendants
and white victims Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised
to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
] Are
Ridiculous Airport Security Measures Killing Airline Profits? Over the past
couple of years, the attitude of U.S. consumers towards flying has shifted
dramatically. Once upon a time most Americans looked forward to flying, but
thanks to rising airfares, horrific fees and ridiculous airport security
measures that has changed. FDA
sends US marshals to seize elderberry juice concentrate, deems it ‘unapproved
drug’ Wyldewood Cellars, a Kansas-based producer and distributor of
elderberry juice, is the latest raid target of the US Food and Drug
Administration (FDA), which recently sent US marshals to the company’s winery
in Mulvane to confiscate the “unapproved drug.”
In a 12-page
note yesterday, the Rochdale Securities analyst said Tarullo’s suggestion on
Friday that systemically important financial institutions (SIFI) should increase
their capital ratios by 20% to 100% above current levels is “a perfect example
of what is wrong” with the Fed’s approach to the banking system.
From the note:
The suggestions being made indicate that the Fed has
no understanding:
·
Of what caused the
financial collapse
·
The current
structure of the banking industry’s balance sheet
·
How banks interact
with the economy
·
Why QE2 was a
boondoggle for investors in financial instruments but had no impact on the
economy
When the Fed should have been tightening restrictions
on the banks over the past decade, it loosened them. Now that the economy is
either in a pause or slowing down and the Fed should be easing restrictions on
the banks, it is tightening them. As a consequence, there is now $1.5 trillion
dollars sitting in the Fed earning virtually nothing while unemployment rises
and the economy falters.
It is simply incomprehensible that this nation can be
so poorly served by those people who should be expected to know what they are
doing. Mr. Tarullo’s remarks are so totally absurd that it is difficult to
assume that they will ever be heeded.
Raising banks’ capital ratios will have a horrific
impact on the economy and one similar to 1937 when the Fed increased reserve
ratios twice sending the U.S. back into Depression, Bove argues.
Tarullo said in his speech that he wants the new
capital to come from common equity which means banks would likely have to raise
the money by issuing new common shares. Bove thinks that’s absurd because banks
have already upped their tangible common equity (TCE) as a result of
post-financial crisis regulatory pressure.TCE is at 8.56% of assets, the
highest in 76 years, he says.
Based on the actual data, going back 76 years, the
actions of the banks in the past three years have created one of the safest and
soundest banking systems in American history. The Federal Reserve:
·
Does not believe
this
·
It has simply not
looked at the historical numbers, or
·
It sees a financial
disaster brewing that has yet to be revealed.
The banking industry’s focus on restructuring of
their balance sheets and raising capital has resulted in a lack of loans for
the rest of the economy noting that loans in the banking system fell by $803
billion or 10.2% from Q3, 2008 to Q1, 2011. “What is clear is that the banking
industry simply stepped out of the economy. It was not providing funds to meet
economic needs. It could not do so given the requirements that were layered
upon it. This also happened in the 1930s and 1940s when bank loans fell to
15.9% of bank assets and government securities rose to an estimated 61.0%.”
Nontheless, in the worst case scenario under
Tarullo’s suggestion some 20 U.S. banks with more than $50 billion in assets
would have to have tangible common equity ratios of 14% of assets. To get to
this level, which would be $1.386 trillion in dollar terms, they’d have have to
raise $755.7 billion, Bove argues.
“This would require selling 35.3 billion new shares
of stock. The dilution would be 106.5%. Some companies, like Regions Financial (RF/$6.36/Sell) would be thrown out of
business,” he notes.
Bove also took a hard shot at the Fed’s Quantitative
Easing program calling it “a miserable failure.” More from Bove’s Fed-bashing
note:
The Federal Reserve is buying $600 billion in
Treasury Securities under the program’s mandate.
In six months from the end of October last year to
the end of May this year, reserves at the Federal Reserve have jumped by $568
billion and there is still one month to go in QE2. Net free reserves in the
system rose by $532 billion.
These numbers indicate that the banking system never
put the QE2 money to work in the economy. They simply redeposited it back in
the Federal Reserve itself. However, the new money did have one clear impact.
It drove up asset values:
·
The S&P 500 has
grown by 13.9% from the end of October to the present; the price of oil is up
12.6%; and gold is up 13.2%.
·
The annualized rate
of inflation in the 4 months to October 2010 as measured by the CPI was 1.4%;
the annualized rate in the first four months of this year has been 10.5% (the
economy was growing in October of last year and it is slowing now).
But no need to worry because Tarullo’s suggestion is
so “absurd” that it’s unlikely to even happen, Bove says.
Well, he actually put it more harshly:
No other country in the world, except perhaps
Switzerland, is likely to lose all sense of reality as Mr. Tarullo has. The
United States will not get unanimity for this decision anywhere but in the
academic halls of the U.S. Federal Reserve.
I unfortunately believe these people may have lost
their minds just as the U.S. Congress did when it passed the Dodd/Frank Act.
However, the proposal may be taken seriously by investors. If so it spells
danger for bank stocks. This is because it is likely that some form of this
inane proposal may actually be put in place.’
Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ) . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
Defacto bankrupt, fraudulent america also spends more on military
spending than all the nations of the world combined... federal employees /
contractors, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
Meredith Whitney Adds 10 New States To Her Sh*t List Bess Levin
‘ The Dollar Dominatrix has
issued a new state budget and debt report and Arizona, Nevada, Connecticut,
Wisconsin? Might want to run. (Also, re last year’s prediction on muni bond defaults-
she was just ball-parking, no one should’ve taken those numbers at face value.)
Whitney tells Fortune she never meant to make more
than a general forecast. “I never intended on framing the scale of defaults as
a precise estimate, but I continue to believe that degree of municipal defaults
will be borne out over the cycle. I meant to point out that the state debt
problem is a massive headwind for the U.S. economy, second in importance only
to housing.”
[...]
Whitney’s latest report is even more thorough than
last year’s analysis that started the uproar. It covers 25 of the largest
states, adding ten new ones to the list, including Arizona, Nevada,
Connecticut, and Wisconsin. The problem starts with spending. Since 2003, state
governments have raised annual outlays from $1.5 trillion to almost $2.2
trillion, or $700 billion, yet tax receipts have risen only $400 billion or
$300 billion less, to $1.4 trillion. In fact, spending kept surging all during
the recession, while income from sales, income and corporate taxes went totally
flat in 2007.
M-Dubs doesn’t put everyone on notice, however.
Whereas Connecticut receives one whip of the cat-o-nine-nails for every dollar
over budget, Indiana, which gets a pat on the head and a scratch behind the
ears, is dubbed a “model citizen.”
Meredith
Whitney State Finances Are Worst Than Estimated [Fortune via Katie Benner ] ‘
Economic
news breaks Obama’s momentum Just as things seemed to be swinging in his
favor, a weak jobs report and a renewed drop in housing prices present new
challenges to reelection bid. (Washington Post) [ Momentum? … What parallel
universe are these people living in. Wobama’s already a failed president. Like
‘unringing a bell’, wobama’s failed presidency cannot be undone. After all, his
undoing was his own doing; the minute he began reneging on campaign promises
which were made because they needed doing. But, clearly, wobama’s not alone in
his failure: Milbank:
Congress clocks in to clock out (WP) [
‘... In a sense, the Senate has been in a pro-forma session all year…’
Now who’s being charitable … I’d say Mr. Milbank in his euphemistic description
supra as well as his unflinching
defense of wobama the b (for b***s***) despite wobama’s reneging on
virtually all his campaign promises / rhetoric to the nation’s unequivocal detriment.
It is Mr. Milbank, journalistically speaking, who as well clocks in to clock
out. Simply put, wobama is nothing less than the worst of the democratic
platform combined with the worst of the republican platform. At near single
digit approval rates for congress, I find it difficult to imagine a realistic
approval rate for wobama exceeding same.
Davis ‘This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WaWP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ignore cases that involve black defendants
and white victims Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised
to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Scam
artists run amok Double-digit profits in one day from short-sale investing?
It’s a sign of fraud, not market savviness. (Washington Post) [ Wow! Separating
the wheat from the chaff in terms of fraud on wall street is, owing to
pervasiveness, a job that even Mr. Phelps of ‘Mission Impossible’ fame couldn’t
handle. After all, what isn’t fraudulent on wall street today? Nothing … nada …
zed … zero. Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline and
fall. Global information exchange at lightning speed has made such throwbacks
to a lost era, propaganda, and maladaptive traits foolish at best, deadly at
worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian
approach fostered by the purveyors of global unrest; viz., israel, america,
Orwellian england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Will
the Fed do QE3? As soon as the disappointing jobs report crossed the wires,
the Wall Street chatter began to speculate. (Washington Post) [ Well, we all
know that nothing succeeds quite like failure in america; you know, that new
normal for pervasively corrupt, defacto bankrupt america. Yes, we all know that
QE has been a dismal and costly failure unless the measure of success is the
increased wealth of the frauds on wall street; after all, as with this still
extant financial crisis (toxic assets/paper/securities cashed out and still out
there in the trillions though now marked to anything as per legislated mandate
/ complicity / FASB rule change) , your dollars actually and ultimately
financed their ill-gotten gains which never seem to translate into the promised
job, economic gains and go on despite well-founded, prominent warnings that the
same will not succeed and have, as warned, exacerbated that which was meant to
be cured. JOBS REPORT MUCH WORSE THAN EXPECTED! Previous day: Economic
outlook hinges on jobs report Beware
the next big fraud When will we see
the next big fraud and a massive burst in the secondary markets bubble? Not
soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the
midst of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople at the retail
investing level and the bobble heads on the kool aid selling financial channels
have been saying for years that we’re in a “recovery” (albeit a slow one),
billion dollar fund managers say that nothing has changed and we’ll have
another crash Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) .
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.] ]
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
The
Economic Collapse | We are
still in the middle of a full-blown economic crisis and things are about to get
even worse.
[video]Market
Slams a Lacking Jobs Report TheStreet.com TV ‘ A deeply
disappointing non-farm payrolls report has put the brakes on the recovery.’ Dollar,
Safe Haven No More? at The Wall Street Journal Leivisohn ‘Is
the dollar’s safe haven status a thing of the past? [Yes!] It was for at least one week, according to Nomura
currency strategist Jens Nordvig. In a report this morning, Mr. Nordvig noted
that the recent strong tendency of the dollar and the S&P 500 to move in
opposite directions was nowhere to be seen last week, even as the S&P 500
dropped for the fifth consecutive week…’
http://finance.yahoo.com/news/This-Employment-Ratio-34-Year-wscheats-2271160620.html?x=0&.v=1 This Employment Ratio is at a 34 Year Low
1 Wall St. Cheat
Sheet June 3, 2011 ‘A disappointing
increase of only 54,000 jobs was accompanied by an unemployment rate for May of
9.1%, up from the previous month’s 9.0%. The briefing.com consensus was for
9.0% and their own estimate was for 9.1%. The employment-to-population ratio is
hovering around levels first seen in November 1977.Here is the lead paragraph from the Employment
Situation Summary released this morning by the Bureau of Labor Statistics: Nonfarm payroll employment changed little (+54,000)
in May, and the unemployment rate was essentially unchanged at 9.1 percent, the
U.S. Bureau of Labor Statistics reported today. Job gains continued in
professional and business services, health care (NYSE:XLV), and mining
(NYSE:XLB). Employment levels in other major private-sector industries were
little changed, and local government employment continued to decline. The unemployment peak for the current cycle was
10.2%, one year ago in October 2009. The chart here shows the pattern of
unemployment, recessions and both the nominal and real (inflation-adjusted)
price of the S&P Composite (NYSE:SPY) since 1948. Unemployment is usually a lagging indicator that
moves inversely with equity prices (See first chart below). Note the increasing
peaks in unemployment in 1971, 1975 and 1982. The inverse pattern becomes
clearer when viewed against real (inflation-adjusted) S&P Composite, with
its successively lower bear market bottoms. The mirror relationship seems to be
repeating itself with the current and previous bear markets. The second chart shows the unemployment rate for the
civilian population unemployed 27 weeks and over. The May number is 4% — down
from December’s adjusted 4.1%. This measure gives an alternate perspective on
the relative severity of economic conditions. As we readily see, this metric is
significantly higher than the peak in 1983, which came six months after the
broader measure topped out at 10.8%. The inverse correlation between the two series is
obvious. We can also see the accelerating growth of two-income households in the
early 1980′s. The recent ratio low of 58.2% in November 2010 and December
2009 was a level not seen since August 1983. In fact, those recent lows were
almost back to the 58.1% ratio of March 1953, when Eisenhower was president,
the Korean War was still underway, and rumors were circulating that soft drinks
would soon be sold in cans. The latest ratio, for May 2011, is 58.4%, unchanged
from last month. The employment-population ratio will be interesting
to watch going forward. The first wave of Boomers will be a downward force on
this ratio. The oldest of them were eligible for early retirement when the
Great Recession began, and the Boomer transition to the retirement will
accelerate over the next several years. The third chart is one of my favorites from CalculatedRisk.
It shows the job losses from the start of the employment recession, in
percentage terms compared to all recessions since 1948. Note the addition of
the dotted-line alternative for the current cycle, which shows unemployment
excluding the temporary census hiring. The start date of 1948 was determined by the earliest
monthly unemployment figures collected by the Bureau of Labor Statistics. The
best source for the historic data is the Federal Reserve Bank of St. Louis. Here is a link to a Google source for customizable
charts on US unemployment data (not seasonally adjusted) since 1990. You can
compare unemployment at the national, state, and county level. Doug Short Ph.d is the author of dshort.com.’ Peter
Schiff: ‘US economy heading for disaster’ “We are heading for a huge
disaster,” says Euro Pacific Capital President Peter Schiff. As the US dips
from a recession to a depression, Schiff says, America needs to stop borrowing
money if they want to prevent driving off the proverbial cliff. New
Decentralized Currency Stimulating Underground Barter Economy New grassroots
cyber currency, the Bitcoin, may provide the perfect vehicle to operate outside
the establishment economy and snub the all-powerful banking cartels — it’s
decentralized, quasi-anonymous, and its supply is regulated by an algorithm to
actually create deflation over time. Ron
Paul: “Barack Obama and the big government crowd are destroying our economy” Today,
a spokesman for Congressman Ron Paul’s 2012 Republican presidential campaign
remarked on the most recent U.S. jobs report and the state of the American
economy. See comments below. Towards a
Worldwide Inflationary Depression According to our calculations we have
been in an inflationary depression since February of 2009. Everyone looks back
on the deflationary depression of the 1930s as a benchmark or a reference. OPEC
Upstaged by Qaddafi in Most-Hostile Meeting Since Gulf War OPEC’s decision
on production quotas this week may be complicated by hostilities in Libya as
members meeting in Vienna find themselves supporting opposing camps of a
military conflict for the first time in 21 years. Questioned
by Paul, Fed denies any interest in gold True to his word to when he met a
GATA delegation in Washington a week ago, U.S. Rep. Ron Paul, R-Texas, chairman
of the House Subcommittee on Domestic Monetary Policy, has begun asking the
Federal Reserve questions about gold swaps. China
Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills China has
dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its
ownership of the short-term U.S. government securities from a peak of $210.4
billion in May 2009 to $5.69 billion in March 2011, the most recent month
reported by the U.S. Treasury.Ron
Paul Interview About Debt Ceiling, Spending Republican presidential
candidate Ron Paul talks with Bloomberg’s Al Hunt about the U.S. debt ceiling,
U.S. troop withdrawals from Afghanistan, Pakistan and Libya, and Federal
Reserve monetary policy.
Bank
to suggest CO2 levy on jet, shipping fuel Reuters | The
World Bank will suggest a global levy on jet and shipping fuel in
recommendations to G20
Teen Unemployment 25
Percent CSM | It’s never been easy being a teenager. Now,
try being a teenager looking for work.
We’ve Now Got Depression-Level Unemployment Washington’s
Blog | The only jobs we’re creating are military and other public
sector jobs. True
Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says The Congressional
Budget Office (CBO) says the real cost of the federal government guaranteeing
the business of failed mortgage giants Fannie Mae and Freddie Mac is $317
billion — not the $130 billion normally claimed by the Obama administration. National
/ World The Elite’s Plan For Global Extermination Paul
Joseph Watson | Webster Tarpley conducts the most detailed study to
date of John P. Holdren’s Ecoscience in a bombshell new video interview. U.S. Tells Golan Protesters to Show Restraint After 23
Killed Kurt Nimmo | “Provocative actions like this
should be avoided,” said State Department after IDF soldiers killed 23 on
Sunday.
Five
U.S. soldiers killed in attack on base; 18 Iraqis dead in other violence Five
U.S. soldiers were killed Monday in a rocket attack at a joint U.S.-Iraqi base
in the capital, officials said. It was the largest death toll for the American
military in Iraq in a single incident in two years. NATO jets target
Libya state TV Latest reports indicate that NATO-led warplanes have dropped
several bombs on the offices of the Libyan state broadcaster in the capital
Tripoli.
Gates
in Kabul for strategy talks
High-level meetings with U.S. and Afghan officials are at a potential
turning point in the war. (Washington
Post) [ Strategy? Heck, there’s gotta’ be something something about ’u.s.
strategy’ that they can like. After all, it’s so amorphous that it can bend to
any will, constantly evolving, changing, growing, or, as they say in reality,
is non-existent at all. What might they like about ‘u.s. strategy’? Well, for
one thing, for america, the u.s. strategy is self-destructive, self-defeating,
and contraindicated for everyone; but, pervasively corrupt, defacto bankrupt
america’s just too dumb to realize it. Gerson:
Gates’s war against defense cuts (Washington Post) [ Wow! Talk about being
out of touch … I quess after years at the cia one starts to believe their own
b***s*** / propaganda / lies to the point that, as gates, they’ve completely
lost touch with reality … Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the people
all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE
BE CAREFUL OUT THERE! ‘ … Senate
Dems find themselves in a tough spot (Washington Post) [ Tough spot? Like
Iraq and a hard place … called Afghanistan … indeed they are … in a tough spot
… of their own making … by a wobama prevaricating approach to most all things
despite campaign promise that belie their actions, or lack thereof. ] [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Financialization
and Our Increasingly Unstable Economy Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ] { In robert gates’
cia-alice-in-wonderland world, a failed defacto bankrupt american banana
republic with gunboat diplomacy will do just fine (thank you very much for your
wasted tax dollars). }
Thanks to Ron Paul, We Are All Libertarians Now Susan
Westfall | “If we believe in having the liberty to exercise our free
will and if we believe in smaller government, then perhaps we are all
libertarians now.” We’ve Now Got Depression-Level Unemployment Washington’s
Blog | The only jobs we’re creating are military and other public
sector jobs.
World
Bank To Suggest Global Carbon Tax on Airline, Shipping Fuel (Paid by You) The
World Bank will suggest a global levy on jet and shipping fuel in
recommendations to G20 governments later this year on raising climate finance,
a senior official said on Sunday. June
5th Ron Paul Money Bomb – The Revolution vs RomneyCare The truth is, an
overwhelming showing on June 5th would force the establishment pundits to
realize what we already know, Congressman Paul is campaigning as a top-tier
contender and is a force to be reckoned within the Republican Primaries. Fukushima
Reactor No. 1 more radioactive than ever At the stricken Fukushima nuclear
power plant, a robot sent into the building housing Reactor No. 1 on Saturday
detected the highest levels of radiation measured since the crisis began on
March 11. Trouble
for the Establishment in Europe, Protests Spread to France (Video) Luke
Rudkowski reports from the new protests in France. He interviews a
stunningly-aware crowd. They truly know the score and what the root problem of
the system is: Banskter-Goverment collusion resulting in their enslavement.
Great on-the-ground reporting by Rudkowski.Fukushima
Reactor No. 1 more radioactive than ever At the stricken Fukushima nuclear
power plant, a robot sent into the building housing Reactor No. 1 on Saturday
detected the highest levels of radiation measured since the crisis began on
March 11. Food
chain at risk of being poisoned by terrorist groups Food and drink sold in
Britain is under a growing threat from terrorist groups which might try to
poison supplies, the Government’s security advisers have warned. US
Government/Mossad Agent Voices Support For Obama’s Gun Control Agenda In a
new video message, American-born al Qaeda spokesman Adam Gadahn calls on
Muslims living in America to carry out deadly one-man terrorist acts using
fully automatic weapons purchased at gun shows, and to target major
institutions and public figures. Libya:
UK Apache attack helicopters launch first strikes British Apache attack
helicopters have been used to strike targets in Libya for the first time, the
Ministry of Defence has confirmed. Gaddafi’s
Stolen Billions: Max Keiser Explains ‘Financial Terrorism’ International
bankers have reportedly wasted billions of dollars invested by Libyan leader
Colonel Gaddafi. The Financial Times says giants like Goldman Sachs were
dealing with the dictator’s investments when it needed to plug a hole during
the economic crisis. Most of the money has been lost, but with what’s going on
in Libya any repayment seems unlikely. Trouble
for the Establishment in Europe, Protests Spread to France (Video) Luke
Rudkowski reports from the new protests in France. He interviews a
stunningly-aware crowd. They truly know the score and what the root problem of
the system is: Banskter-Goverment collusion resulting in their enslavement.
Great on-the-ground reporting by Rudkowski. Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian england,
etc..; more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Minyanville's
T3 Daily Recap: Stocks and Economic Data Leave Nowhere to Hide at
Minyanville By T3Live.com Jun 03, 2011 ‘This week markets were
presented with economic data ranging from ADP payroll, jobless claims, car
sales, and crude inventory numbers, all pointing to a waning economic recovery.
US markets finished the week with a very negative
tone, led lower by Nasdaq stocks PowerShares QQQ Trust (QQQ SPDR
Dow Jones Industrial Average ETF (DIA jobs data SPDR S&P 500 (SPY US dollar Sina
(SINA Youku.com (YOKU Qihoo
360 Technology (QIHU China
Dangdang (DANG Baidu.com (BIDU Sohu.com
(SOHU Netflix (NFLX Amazon (AMZN Apple (AAPL investors Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ) . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
Defacto bankrupt, fraudulent america also spends more on military
spending than all the nations of the world combined... federal employees /
contractors, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
By Shanthi Bharatwa [chart
http://www.thestreet.com/content/image/88693.include ]
‘NEW YORK (TheStreet )
-- The U.S. economy added far fewer jobs in May, suggesting that the recovery
in the employment market might be stalling.
According to
the Bureau of Labor Statistics, nonfarm payrolls increased by 54,000 on a seasonally
adjusted basis in May, after rising by an average of 220,000 in the prior three
months. Economists were expecting the payrolls to rise by 169,000, according to
Briefing.com . That is the lowest payroll growth since September 2010.
The private
sector, which has been the main contributor of jobs amid layoffs at the state
and local government levels, added 83,000 jobs, a marked slowdown from the
244,000 jobs averaged in the last three months. Economists predicted companies
would add 180,000 jobs in May, their expectations diminished by the
ADP report Wednesday which said companies added only 38,000 jobs.
The consensus
estimates don't always reflect actual market expectations because analysts
don't always revise their estimates based on the ADP report. The
"whisper" number for the markets may have been closer to about
100,000. So even by those metrics, the jobs report is severely disappointing.
Reacting to
the dismal report, Patrick O'Keefe, director of economic research at J.H. Cohn,
said, "This report stands out as a recommendation to all economists to go
through a course in humility. I expected, even after the ADP report, a much
better report than this. But as Keynes said -'when the facts change, I change
my mind.'"
According to
the Labor Department's survey, the auto, retail, nondurable goods and health
care sectors shed jobs in May. The government laid off another 29,000 workers
in May, after shedding 19,000 in April and 25,000 in March.
But more
striking than layoffs was the slowdown in hiring. After adding 38,000 jobs in
April, the goods-producing sector created only 3,000 jobs in May. Manufacturing
shed 5,000 jobs in May, after hiring 24,000 people in the previous month.
The private
services-providing sector, the biggest contributor to employment, added only
80,000 jobs, after creating 213,000 in April. In April, the ISM Services Index
showed a dramatic slowdown to 52.8% from 57.3% in March. The Institute for
Supply Management said at 10:00 a.m Friday that the Nonmanufacturing Index rose
to 54.6% from 52.8% in April, better than the 53.3% economists were expecting.
Temporary
help, which has contributed one in six 6 jobs during the recovery, also saw a
drop of 1,200 jobs.
"The
flattening in temporary help, given the marginal headline employment gain
signals that employers have become even more reluctant to increase payrolls in
the face of sputtering expansion," O'Keefe noted.’
JOBS REPORT MUCH WORSE THAN EXPECTED! Previous day: Economic
outlook hinges on jobs report One of the few bright spots in the economic
picture in the past three months has been solid and steady job creation by the
private sector. (Washington Post) [ And, you can bet the ranch that the report
will be a complete fabrication. Indeed, the capital reeks of political
desperation, domestically and globally. Fudgecake yes … they can always put the
‘report’ back in the oven so to speak for those ever more recurring revisions
which still never quite bring the data back to reality. Beware
the next big fraud When will we see
the next big fraud and a massive burst in the secondary markets bubble? Not
soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the midst
of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople at the retail
investing level and the bobble heads on the kool aid selling financial channels
have been saying for years that we’re in a “recovery” (albeit a slow one),
billion dollar fund managers say that nothing has changed and we’ll have
another crash Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) .
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.] ]
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
The Economic Collapse | We are still in the middle of a
full-blown economic crisis and things are about to get even worse.
5
Cities Vulnerable to the Next Bursting Bubble WASHINGTON (TheStreet ) -- Bubbles are a
beautiful thing to watch while they're inflating or floating along, but they
can be extremely messy when they burst. The U.S. still hasn't recovered from
the real estate bubble that burst in 2007. Considering the somewhat tenuous
state of the second coming of tech spending, the bubbling costs of college
inflation, the seemingly limitless heights of gold prices and the
ever-expanding demand for health Don't tell that to Las Vegas, which is still trying
to pick up the pieces after the housing bubble's pop shattered its real estate
industry. Average home prices dropped from $220,000 in 2008 to just $128,000 in
the first quarter of this year. As a result, a 3.21% foreclosure rate quoted
for the area by RealtyTrac is still the highest in the nation, and its 13.3%
unemployment rate is outdone only by Riverside-San Bernardino-Ontario, Calif.'s
13.9% margin (and 2.04% foreclosure rate). The good news is that foreclosure
rate is a 11.54% improvement from fall of last year. The bad news is that it's
only a 7.74% upgrade from the same period last year, is still costing more
homeowners their properties than anywhere in America and is having a residual
effect on business, with traffic down at McCarran Airport and once-untouchable businesses
California, Nevada, Arizona and Florida are among the
states dealing with double- or near-double-digit unemployment, high foreclosure
rates and home prices that have plummeted more than 50% in some cases, but even
metropolitan areas within those states were spared the same pain. Another burst
bubble could make some of those places feel a lot less lucky. TheStreet
took a look at five regions that lean heavily on one industry and at just how
much they stand to lose should their bubble be the next to go: …’
A
New Idea For Bernanke: Leave The Economy Alone at Forbes ‘ Sy Harding It was another
week of shockingly negative economic reports, which you might think has Wall
Street economists worried that the economy is running into something more than
just a brief soft patch (their popular term of recent weeks).
They mostly
remain convinced that the problem is only temporary, that the economic reports
are coming in worse than their forecasts only because they under-estimated the
effect the surge in energy and commodity prices would have on consumer
spending, and the effect the Japanese earthquake would have on auto and
technology production. And they say those effects are only temporary.
Let’s hope
they’re right, because the additional reports this week were awful.
They included
that home prices are still declining; that Pending Home Sales fell 11.6% in
April to a 7-month low; that Consumer Confidence unexpectedly fell from 66 in
April to 60.8 in May; that the ISM Mfg Index plunged to 56.6 in May from 67.6
in April; that Factory Orders fell 1.2%; that auto sales fell more than
forecasts.
The reports
ended for the week with Friday’s report that only 54,000 jobs were created in
May versus 232,000 in April, and compared to the consensus forecast that
175,000 jobs would be created. And the unemployment rate rose to 9.1% in May,
from 9.0% in April, versus forecasts that it would decline to 8.9%.
This week’s
reports came on top of four weeks of similarly dismal reports, including that
the Conference Board’s Leading Economic Indicators dropped into negative
territory for the first time in nine months, and that Durable Goods Orders
experienced their largest decline since last August. New home starts and
permits for futures starts plunged more than forecasts, and existing home sales
unexpectedly plunged, now down 12.9% year-to-date.
However, not
only is Wall Street not overly disturbed by the reports, but investors are not
all that concerned either.
In spite of
five straight weeks of decline, the Dow is only 4.7% below its peak at the end
of April, and it’s still up 5.4% for the year so far. And, what decline there
has been was on low volume, no signs of aggressive selling.
One theme I
keep hearing from bullish investors is that the Federal Reserve will not allow
economic growth to slow to any degree (beyond a brief soft patch), without
stepping in with another round of stimulus. Nor will it allow the stock market
to decline to any degree.
After all,
they remind me, Fed Chairman Bernanke virtually guaranteed that in the Fed’s
statement after its last FOMC meeting, in which it said, “The Committee will
continue to monitor the economic outlook and financial developments, and will
employ its policy tools as necessary to support the economic recovery.”
Meanwhile, as
I wrote in early April, the similarities to a year ago are spooky. Among the
long list of similarities I noted then, were that a year ago government
stimulus programs were also coming to end, the economy was already showing
serious signs of slowing, the stock market looked to be overbought, and
investor sentiment was unusually confident and bullish. The next event a year
ago was that the market topped out at the end of April into a correction, and
that has now potentially become another similarity of this year.
So will the
rest of the events of last year also repeat this year?
Last year, the
economy continued to weaken, and the stock market remained in a correction
until mid-July, during which the S&P 500 lost 16% of its value.
Then the Fed
seemed to panic and stepped in with a promise of another round of quantitative
easing, which was dubbed QE2. The economy picked up again, and the stock market
halted its decline, recovered its losses, and went on to the highs reached at
the end of April this year.
The big
question is, if the economy continues to slow this year, and the stock market
continues to decline, will the Fed push the magic button again?
Chairman
Bernanke received considerable criticism at home and globally for his QE2
decision last fall. It also doesn’t seem to have worked all that well. The
flood of additional dollars into the financial system pumped up the stock
market and commodity prices, creating inflation, but its effect on the economy
was apparently only temporary.
This year,
Congress would probably object mightily to another round of stimulus, given its
new determination to cut government costs in efforts to tackle the record
budget deficits.
So, unless the
economy really nose-dives, I suspect the Fed will allow the market system to
function normally this time around, allowing economic growth to slow if that is
its inclination, and the stock market to adjust to that, without government
interference.
We shall see.
So far the similarities to events a year ago continue to click into place.’
Moody’s:
U.S. credit rating at risk Agency
warns of a possible credit rating downgrade if a debt-ceiling deal cannot be
reached. (Washington Post) [ I’d say, as is true of their performance in the
last phase of this ongoing crisis, they are so typically late to the party.
After all, pervasively corrupt america is already defacto bankrupt. House
rejects debt ceiling increase The
317-to-98 vote was a bipartisan rejection of extending the nation’s current
debt limit of $14.3 trillion unless major spending reductions accompany the
legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Greenspan
‘Scared’ Over Deficit; Calls for Tax Rise The debt and deficit problem in
the US is so serious that former Federal Reserve Chairman Alan Greenspan finds
himself in the position of recommending the highest tax rates in more than a
decade. The Public
Banking Movement Comes of Age The public banking movement is becoming
mainstream thanks to great work done by thoughtful and dedicated researchers
like Ellen Brown, author of “Web of Debt.” National
/ World Bipartisan Congress Rebuffs Obama on Libya Mission Washington
Times | The House voted for resolutions telling President Obama he has
broken the constitutional chain of authority via Libya. Romney
says he can heal economy He kicks
off presidential bid by trumpeting his record as a turnaround specialist in
business. (Washington Post) [ Well, he’s certainly not going to do that by
toeing the israeli lobby line as did failed president wobama the b (for
b***s***), despite his recent rhetoric (meaningless coming from wobama the b)
seemingly, but not really in terms of action (he’s literally continued the
perma-war policies of war criminal and moron dumbya bush; ie., Afghanistan,
Libya, etc., Drudgereport: FLASHBACK:
Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA . This despite the defacto bankruptcy of
the nation. It is time to tell the mentally deficient at the pentagon along
with other war mongering neocons that the days of their easy money, fog of war
thefts (ie., 360
tons of $100 bills flown into Iraq and ‘disappeared’, etc. ) and nebulously fat budgets are over. Stated another
way, math, economics, and finance count. I’d say law should count but we all
know that’s not the case in meaningfully lawless america (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed). Obama
is committed to Israel (Washington Post) Rahm Emanuel He’s been invested
since his first days in office.{Yes! I do believe this is among the few instances
when emanuel is telling the truth; and, pervasively corrupt, defacto bankrupt
america has the red ink, red blood (of u.s. soldiers), and failed geopolitical
strategy to prove it.}
Robert
Gates: Kucinich move on Libya ‘dangerous’ Politico | Gates
says move to end Libya attack would undermine alliances and military
operations. House
Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com
| Yanked from schedule only after it became clear that it might succeed. { In robert gates’ cia-alice-in-wonderland
world, a failed defacto bankrupt american banana republic with gunboat
diplomacy will do just fine (thank you very much for your wasted tax dollars).
}
Tough
choices in Europe over Greece Greece will need more than $40 billion
to keep itself afloat and sidestep a nightmare scenario: a default by one of
the countries that use the euro. (Washington Post) [ Fait accomplis? I’d say,
‘look homeward hell’s angels’. After
all, we do have near 50 such fiscal basket-cases here in the pervasively
corrupt, defacto bankrupt disunited states. Meanwhile, america / nato are
frittering money / resources away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Soros-funded leftist group pushes internet control WND.com
| Documents released in response to a Freedom of Information request from
Judicial Watch revealed collusion between FCC and Soros group. Following Shooting, Miami Cops Grab Cell Phones at
Gunpoint, Destroy Them Carlos Miller | Miami Beach
police did their best to destroy a citizen video that shows them shooting a man
to death in a hail of bullets Memorial Day. Bill of Rights: An Endangered Species Kurt
Nimmo | The 1st Amendment is under attack from federal, state, local
police and private security goons. Drudge Drives TSA Controversy To Viral Status Paul
Joseph Watson | Much to the chagrin of the establishment media, Matt
Drudge is still the King of Internet news No “Conspiracy Theory”: Wikileaks Cable Confirms North
American Union Agenda Paul Joseph Watson | Mission
to merge United States, Canada and Mexico into monetary and political union
labeled “conspiracy theory” by establishment media. The Spirit of Thomas Jefferson Lives in Nullification Alexander
Meyer | We have unchallenged Federal power coming face to face with
the boiling passion of a grass roots revival for liberty. GOP
Establishment Attempting To Redistrict Ron Paul Out Of Office A Democratic
consultant tells the Texas Tribune that it is no coincidence that a proposed
congressional redistricting map would significantly alter District 14, the seat
firmly held by Ron Paul for the last fourteen years. Ron
Paul: “Barack Obama and the big government crowd are destroying our economy” Today,
a spokesman for Congressman Ron Paul’s 2012 Republican presidential campaign
remarked on the most recent U.S. jobs report and the state of the American
economy. See comments below. Chossudovsky:
US, NATO clearly going into ground war Russia’s foreign minister has
criticized the way the UN resolution on Libya is being implemented, in the wake
of NATO’s 90-day extension of its mission there. Sergey Lavrov says NATO’s
actions go beyond the scope of the resolution and undermine international law.
According to Michel Chossudovsky from the Canadian-based Center for Research on
Globalization, there are clear signs that we might soon see American boots
touch Libyan soil. Japan staff exceed
radiation limit The operator of Japan’s crippled nuclear power plant said
two workers have exceeded a radiation exposure limit for men. TSA
On The Ropes; Budget Slashed, Texas Grope Ban Returns Days after a top TSA
official conceded that the agency would be forced to reconsider its policies in
the aftermath of a nationwide backlash against invasive screening procedures,
the agency was dealt another two huge blows yesterday with the news that the
TSA budget would be slashed by $270 million, in addition to the return of a
bill in Texas that would make grope-downs a felony. Texas Senate Under Siege EXCLUSIVE
footage of Alex Jones’ powerful speech on the steps of the Texas Senate
chamber, rebuking those who betrayed liberty and worked to kill the bill that
would protect passengers from TSA groping. The
Sky Is Falling, It Is Time To Panic And The U.S. Economy Has Fallen And It
Can’t Get Up So many economists and financial pundits seem absolutely
shocked that the U.S. economy is slowing down again. It is as if this latest
wave of bad economic data has caught them completely by surprise.
Investors Await Jobs Report: Dave's Daily ‘ ETF
Center Thursday was a quiet day in trading but disappointing economic news
still dominated. Jobless Claims came in beneath expectations despite being
slightly better than the previous week; however, the four-week moving average
is 30K higher. Chain Store sales were disappointing with pundits blaming the
weather again. Factory Orders missed consensus forecasts at -1.2%. Lastly, not
that it's much of a surprise, Moody's warned it could downgrade U.S. bond
ratings should the budget deficit and debt not be resolved. So, do you think
Turbo-Tim would ever stiff "the Beard"? Anyway, the big number on
Friday is the employment data Beware
the next big fraud When will we see
the next big fraud and a massive burst in the secondary markets bubble? Not
soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the
midst of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople at the retail
investing level and the bobble heads on the kool aid selling financial channels
have been saying for years that we’re in a “recovery” (albeit a slow one),
billion dollar fund managers say that nothing has changed and we’ll have
another crash Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) .
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.] ]
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
The Economic Collapse | We are still in the middle of a
full-blown economic crisis and things are about to get even worse.
Tough
choices in Europe over Greece Greece will need more than $40 billion
to keep itself afloat and sidestep a nightmare scenario: a default by one of
the countries that use the euro. (Washington Post) [ Fait accomplis? I’d say,
‘look homeward hell’s angels’. After
all, we do have near 50 such fiscal basket-cases here in the pervasively
corrupt, defacto bankrupt disunited states. Meanwhile, america / nato are
frittering money / resources away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world combined...
fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are
included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
D.C.
area no longer a leader in creating jobs (Washington Post) [ I’d say that
such is a distinction without a significant difference inasmuch as near all
‘new’ jobs above the ‘new’ normal are makeshift and predominantly politically
(not productively) motivated in origin. Do not fall for these ‘new renaissance’
sound bites / pep talks / spin sessions. Those deals, however misguided, are
done. Those real jobs are not coming back for the foreseeable future that
counts. The bell can not be ‘unrung’. Moreover, the ever less productive / make
shift service jobs (including governmental, federal, state, local) have hit the
wall in terms of budgetary constraints.
The
Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Street Talk ‘
*The bottom
line all talks of cuts is less federal, state and local spending. Removes money
from income total for the nation.
*Meanwhile,
cost of healthcare, food, transportation continues to rise squeezing
middle class.
*The yield on
10 year Treasuries is 3.11% and trending lower in anticipation soifter economy.
*Housing
market could continue weak for some years, not months, affecting millions of
ordinary Americans.
* Price of
crude oil makes gasoline expensive and brings demand destruction.
* Stocks rally
now over 2 years old. Commodities have also run up bigtime.
* China trying
to slow its economic growth and having difficulty doing so.
*Europe facing
costly bailouts troubled nations and weaker financial institutions.
*Showdown over
Palestinian state could lead to another outbreak hostilities in the Middle
East.
*If US, Europe
and China slowing what are the prospects for global economy, corporate profits,
market valuations?
*Japan badly
hurt by earthquake and tsumami.
*Trade volumes
decline more sharply than output during downturns according to The Economist.
*But OECD
predicts GDP up 4.2% and trade volumes gain 8%.
The
Beginning of the End of QE2 and 18 Other Issues Making Investors Nervous Tue
May 31st, 2011Lloyd
Khaner Lloyd's Wall of Worry QE II..first
INVESTOR
SENTIMENT: Call it a Dickens Market -- it was the best of times and now it’s
nearly the worst of times as extreme bullish sentiment becomes extremely
bearish in just a week or so.LinkedIn
(LNKD It's about
how hard you can get it and keep moving forward. How much you can take and keep
moving forward ." For what it’s worth, my money’s on Japan moving
forward "Green Acres is the place for me." “Animal House, Animal House.”
Discouraging
news on the economy Stocks tumble
after data on manufacturing, jobs and home prices dash sunny expectations.
(Washington Post) [The key here is expectations based on what. I, and others
have been saying such expectations have been based upon total b***s***,
manipulations, if not outright fraud. Certainly the toxic assets now marked to
anything as per legislated professional criminal courtesy in the form of FASB
rule change will figure prominently in the next phase of this ongoing economic
/ financial crisis / debacle, the worst of which is yet to come, having been
exacerbated thereby. Moreover, it’s now clear that the fed’s machinations have
failed, benefited fraudulent wall street and insiders only, to everybody else’s
expense and detriment including a hyperinflationary environment some (including
El Erian of PIMCO) euphemistically refer to as stagflation. Dow
Down 280: Stocks Tumble as Bulls Throw in the Towel on Jobs The Daily
Ticker (6/1/11) Top
3 Reasons Markets Got Drop Kicked After Horrible Jobs and Manufacturing Data
Wall St. Cheat Sheet U.S.
Markets and ETFs Stumble On Weak Economic Data ETF Trends / [
What a difference a day makes: previous (May 31,2011) Globally, and in
fraudulent america particularly, the stock markets / bourses are a total joke
as they try to window dress their end of month figures based on b*** s*** alone.
We’ve seen this before as it played out in the prior phase of this ongoing
financial crisis. Shiller Home Price Index comes in at 100% worse than
expectations … and don’t forget, that includes the dollar debasing realities
which makes this report even more dire. Take this ‘me too’ pop on fraudulent
wall street as an especially great opportunity to sell, take profits since
there is much, much worse to come. Remember: ‘sell in May and go away’ … so …
don’t be a lune, loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
[ ABC (Dizzyney) is a pathetically horrible network;
unimaginative, devoid of creative programming and with the weakest broadcast
signal to boot (those ‘reality’ things they do … and look at their new offering
… ‘combat hospital’ … just what everyone wants to see … ‘real blood and guts?’
(oooh! So timely and ‘johnny on the spot’, like their ‘seal 6’ fiasco) … I hope
so if they’re that of their management personnel … they should be barred from
championship broadcasting! Terrible! Pathetic! I don’t know how they’re still
in business. Oh … I almost forgot … they’re the ‘american broadcasting company’
… succeeding through failure since nothing succeeds like failure in america
today. Let me add NBC (with the exception of the stellar ‘Saturday Night Live’)
to the foregoing reality (apprentice, etc.? Who is tacky / dumb enough to waste
time watching that s***. ] A Close Look Under the Hood - Was
QE2 a Giant Waste of Money? Simon Maierhofer, June 2, 2011 ‘Some things
are obvious, some things are not. It's obvious that QE2 lifted stocks while
leaving the real estate market (NYSEArca: IYR News
This
article will take a deeper look under the hood and show what QE2 could and
couldn't do. More importantly, it will highlight how QE (or the lack thereof)
should affect your investment decisions.
QE2 and GDP
Even
though Gross Domestic Product (GDP) is an absolutely outdated and misleading measure
of a country's economic health (more about that in a moment), we'll take a look
at how QE2 affected GDP.
GDP
for Q4 2010 increased 3.1%. GDP for Q1 2011 was expected to come in at 2.1% but
was only 1.8%. This is a deceleration of growth and not what we'd like to see.
Back
to why GDP is misleading. GDP is calculated by summing up consumer spending,
government outlays (such as benefits and interest payments), gross investments
and exports and subtracting imports. All but exports fall under government spending.
GDP
however, does not distinguish how government spending is financed. All the
government spending that has brought the U.S. to the brink of insolvency
is reflected in the GDP. As the chart below shows, the government entitlements
(such as unemployment benefits, etc.) account for over 35% of personal income.
http://www.etfguide.com//contributor/UserFiles/8/Image/Government%20entitlements.gif
Personal
income accounts for about 75% of GDP. Therefore government spending - which is
the polar opposite of organic economic growth - makes up over 26% of GDP
growth.
QE2 and Troubled Banks
Here
is one statistic that adds new meaning to why some banks are simply 'too
big to fail.' Of the 7,574 federal insured banks, 11.7% are on the FDIC's
'problem list.'
From
January to March 2011, the banking (NYSEArca: KBE News XLF News
$24.4
billion of the $29 billion were generated by the 1.4% of banks with assets
exceeded $10 billion. Of course the largest banks received massive bailouts and
record low-borrowing rates. While large banks have recovered, regional banks
(NYSEArca: KRE News
QE2
has been great for Chase, Wells Fargo, Goldman Sachs, Bank of America and the
likes, but the neighborhood bank at the corner is likely struggling.
QE2 and Wealth
According
to the Boston Consulting Group (BCG), global wealth grew by $9 trillion, or 8%,
to $121.8 trillion in 2010. BCG includes cash and securities, but excludes
holdings in businesses, residences and luxury goods. The world's collective
investments and savings have surged $20 trillion from the 2008 lows and left
the world $10 trillion richer than in 2007. A look at the iShares MSCI EAFE
(NYSEArca: EFA News EEM News
QE2
is not solely responsible for this global wealth increase, but it had a lion
share in the $3.6 trillion gain in North America. No doubt the government is
happy to tax a good portion of that wealth. From a tax point of view, QE2 may
well have been worth its $600 billion price tag.
In
terms of job creation, QE2 failed miserably. A recent SmartMoney.com article
points out that QE2 has created maybe 700,000 full-time jobs at a cost of
around $850,000 each. The percentage of the population in work is lower today
than last August (58.4% vs. 58.5%).
QE2 and Stocks
Denominated
in dollars, you and I know that the S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI)
and Nasdaq (Nasdaq: ^IXIC) rallied around 100% or more from the March 2009
lows. Measured in hard currency however, SmartMoney reasons that the S&P
has risen by just 8.4% in Swiss francs. Measured in gold (NYSEArca: GLD News IVV News
So
while QE2 has created some wealth, it appears to also have created an illusion
of wealth, probably even another bubble. Not many bubbles stay afloat without
continuous air inflow. The cash inflow for the QE2 bubble is about to end and
the search for a pin has begun …’
[ It’s quite amazing that the so-called
‘professionals’ seek solace and comfort from mechanical application of
technical analysis when focus on fundamentals which are less prone to
obfuscation / manipulation which ultimately has led to fraud after successful
fraud, debacle after debacle. ]
[$$]
Expect More 'Unexpectedly' Weak Economic Data at Barrons.com Stocks Sink Again; Wal-Mart Slips 1.4% Pops & Drops: Orbitz, Gap...
Stocks struggle amid US slowdown fears
Wall Street ends flat after volatile day; jobs ahead US STOCKS-Wall St ends flat after volatile day; jobs ahead
Fears Grow Over
Double-Dip Recession One fund manager calls it a horror show, others are
predicting the Federal Reserve will have to extend its unconventional measures
and stocks across the world are falling heavily. Did
The Fed Just Give The Green Light To Sell The Stock Market? Remember when
the president uttered the magic words back in March 2009, when he said that
“profit and earning ratios [whatever the hell those are] are starting to get to
the point where buying stocks is a potentially good deal if you’ve got a
long-term perspective on it” giving the green light for the 2 year bear market
rally? Consumer
Confidence Is Now Lower Than During All Recent Financial Crises And Tragedies One
chart stands out in today’s Breakfast with Rosie: the comparison of yesterday’s
surprisingly weak Consumer Confidence number with comparable prints taken at
financial crises and tragedies of the past such as the October 1987 markets
crash, Desert Storm, LTCM, the dot com collapse, September 11, Katrina, and
Lehman. Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Moody’s Warns of US
Default
National / World
Texas
Senate Under Siege TheAlexJonesChannel | EXCLUSIVE
footage of Alex Jones’ powerful speech on the steps of the Texas Senate
chamber, rebuking those who stopped the bill that would protect passengers from
TSA groping. Alex Reunited with Trooper Who Arrested Him for Thumbscan
Refusal TheAlexJonesChannel | Alex Jones happens
upon the very state trooper who arrested him 14 years ago for refusing to
thumbscan for a driver’s license at the TSA protest. 10 Reasons Why The “Economic Recovery” Is a Fraud Paul
Joseph Watson | Americans have been continually deceived about the
true state of the financial system. QE3 and the Globalist Plan to Destroy the Dollar Kurt
Nimmo | Even market gurus are coming around to the fact the economic
crisis is not accident. VIDEO: Woman Screams For Help After TSA Molestation Steve
Watson & Paul Joseph Watson | Agents threaten to confiscate son’s
bags, have him arrested as punishment for filming ordeal. Military
Escalation: “Phase Two” of the War on Libya A new phase of the war is
unfolding leading to a process of military escalation as well as the eventual
landing of US-NATO commandos on Libya’s shores.
10
Reasons Why The “Economic Recovery” Is a Fraud Yesterday’s so-called
“horror” show for the US economy with the release of new data illustrating how
the economic “recovery” has all but ground to a halt was met with feigned
astonishment and shock by the establishment media, and yet for the past two
years the public has been continually deceived about the true state of the
financial system. Moody’s Warns of US
Default Moody’s Investors Service, the credit ratings agency, warned of a
“very small but rising risk” that the US could default on its debt, adding
pressure on Congress and the Obama administration to overcome severe political
divisions and strike a deal on fiscal policy. Pentagon
Warns Of M.A.D. Should The War Powers Act Be Enacted And US Withdraw Its Troops
From Libya Who says Mutual Assured Destruction is to be used only by
bankers: our military leaders appear to have mastered the strategy of getting
what they want to warning about all hell breaking loose, just as effectively. Alex
Reunited with Trooper Who Arrested Him for Thumbscan Refusal While routing
out the globalist forces at the Texas Capitol behind killing the anti-TSA bill,
Alex Jones happens upon the very state trooper who arrested him 14 years ago
for refusing to thumbscan for a driver’s license. QE3
and the Globalist Plan to Destroy the Dollar Mohamed El-Erian, chief
executive officer at Pacific Investment Management Co., told Bloomberg today
the Fed’s quantitative easing policy failed to meet the “ultimate objective” of
boosting employment and economic growth. VIDEO:
Woman Screams For Help After TSA Molestation Video of an incident recorded
over the memorial weekend at Sky Harbor International in Phoenix, AZ, documents
how the TSA deal with people who are traumatized by grossly invasive enhanced
pat downs. Hail Caesar Although the financial
press speculates about a downgrade of the US government’s credit rating and
default if political impasse prevents the debt ceiling from being raised in
time, I doubt anyone really believes that the debt ceiling will not be raised.
It is just all a part of the political theater of the next couple of months. ‘Gaddafi
is not bin Laden, NATO would bomb him to death if knew where he was’ NATO
is extending its operation in Libya by another three months. The Alliance chief
says the decision is meant to signal to Colonel Gaddafi that the coalition is
determined to fulfill the UN mandate to protect Libyans.
Robert
Gates: Kucinich move on Libya ‘dangerous’ Politico | Gates
says move to end Libya attack would undermine alliances and military
operations.
House
Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com
| Yanked from schedule only after it became clear that it might succeed.
Afghan
leader warns NATO not to become ‘occupying force’ | Karzai warned NATO-led
forces in Afghanistan they were at risk of being seen as an occupying force. [
Duh! What a bag of hot air karzai is! ]
VIDEO: Woman Screams For Help
After TSA Molestation... IT MIGHT BE MY WEINER! 'This Could Be The End For
Him'... 'Have You Ever Taken A
Picture Like This Of Yourself?'... WEINER CALLS COPS ON CBS WASHINGTON
(CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he
still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole new
york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Dow
Down 280: Stocks Tumble as Bulls Throw in the Towel on Jobs By Aaron
Task The Daily Ticker(6/1/11) ‘A day after rallying
on hopes for a Greek bailout, the stock market tumbled Wednesday following
another round of dismal economic data. The daylong sell-off accelerated into
the close after Moody's downgraded Greek debt late in the trading day.The Dow
shed 2.2% to 12,291 while the S&P and Nasdaq each lost 2.3%, and oil fell
the most in three weeks as the "risk on" trade came unwound in a
hurry. Gold rose to a four-week high while Treasury prices continued to rally;
the yield on the benchmark 10-year note fell below 3% for the first time since
early December.The widespread sell-off was widely attributed to
weaker-than-expected reports on U.S. manufacturing, auto sales, and the ADP's
report on private sector payrolls. Just 38,000 private sector jobs were created
last month, the lowest level since September 2010, according to ADP.While the
ADP report has a checkered history of forecasting the Labor Department's
survey, the combination of ADP's report and the national ISM Manufacturing
index hitting its lowest level since 2009 prompted Wall Street economists to
slash their forecasts for Friday's jobs report. Deutsche Bank's Joe LaVorgna,
for example, has cut his forecast for Friday's payroll number two times this
week, to 150,000 currently from 300,000 last week.As my Breakout colleague Matt
Nesto notes in the accompanying clip, Wednesday's weak data confirms the recent
trend, which has been a pervasive slowdown across nearly every sector of the economy.
Citigroup's U.S. Economic Surprise Index, which whether data is beating or
missing estimates, turned negative last month and now sits at its lowest level
since January 2009, Bloomberg
reports . (See: What Recovery? The Economy's
Weak And Getting Weaker, Mish Says) Jeff
Macke describes today's action as just noise within the trading range of
S&P 1300 to 1340, the heavy selling seemingly confirms the trend of
one-step forward, two-steps back that has been in force since early May. The
question is whether the stock market is just catching on to economic reality or
sniffing out something far worse in the offing, like QE3 or a political
breakdown over the debt ceiling.Aaron Task is the host of The Daily Ticker.
You can follow him on Twitter at @atask
or email him at [email protected]
Top
3 Reasons Markets Got Drop Kicked After Horrible Jobs and Manufacturing Data
Wall St. Cheat Sheet On Wednesday June 1, 2011, ‘ Markets closed down on Wall
Street: DJI -2.22% SP500 -2.28% Nasdaq -2.33% Gold 0.16% Oil -2.87% . Markets
were in a downtrend all day as trading volume remained low. On the commodities
front, Oil (NYSE:USO ) dropped over $3 from the high of the day to land
back below $100 a barrel. Gold (NYSE:GLD ) caught some love on the usual QE3 talk and another
downgrade of Greece, while Silver (NYSE:SLV ) got crushed nearly 5%.
Today’s
markets were down because:
1) Economic data
sucked . First we started with a much
weaker than expected ADP Employment report . That was the shot heard ’round
Wall Street. Then analysts tripped over each other to lower estimates for
tomorrow’s big Non-Farm Payrolls report. After that, the pessimists were
rewarded again as ISM
Manufacturing missed analyst expectations by a mile. The mantra for the
remainder of the day has been “slowdown”.
2) Automakers
offered disappointing news. The mantra continued as Ford (NYSE:F ), General Motors (NYSE:GM ), and Toyota (NYSE:TM ) announced poor
automobile sales data . But data was brighter for retailers as we noted in
our Retailer
Roundup .
3) Tech had
another big day. Nokia
(NYSE:NOK ) is getting hit like a bear raid and LinkedIn (NYSE:LNKD ) broke
technical support as we warned yesterday . On a positive note, Netflix (NASDAQ:NFLX ) and Apple (NASDAQ:AAPL ) have a lot of positive focus on their
businesses during the All Things Digital Conference and next week’s Apple
Developer’s Conference. But the stocks are still down in the slaughter.
Bonus: Cisco
Projects Insane Growth in Web-Users and Data Traffic
Now that
you’re in the know, enjoy your evening!’
U.S.
Markets and ETFs Stumble On Weak Economic Data ETF Trends [email protected] (Tom Lydon)June
1, 2011, ‘Disheartening economic
data, namely from private-sector jobs and manufacturing growth, pointed to a
slowing economy, sending markets and exchange traded funds (ETFs) lower.
The Institute
for Supply Management index of activity in manufacturing – the purchasing
managers’ index, or PMI – declined from 60.4 in April to 53.5 in May, which was
well below the expected drop to 57.0, report Steven Russolillo and Brendan
Conway for The Wall Street Journal . Nevertheless, readings above 50
indicate an expanding economy. [ Economic Data Tempers Gains in U.S. Markets
and ETFs. ]
The
lower-than-expected employment number from private-sector jobs in the U.S. only
increased by 38,000 last month, whereas economists had previously anticipated
an influx of 190,000. According to the ADP report, the employment gauge
plummeted to 58.2, a low last seen in October 2010, from 62.7.
The ISM’s
production index fell from 63.8 in April to 54.0 and new orders dropped from
61.7 to 51.0, a low last seen in June 2009, write Alex Kowalski and Shobhana
Chandra for Bloomberg .
Construction
spending inched up 0.4% in April, but the number was revised downward from the
previous month.
SPDR S&P 500 ETF (NYSEArca:SPY PowerShares QQQ (NasdaqGM:QQQ SPDR Dow Jones Industrial Average ETF (NYSEArca:DIA
For more information on the U.S. markets, visit our
S&P 500 category .
Max Chen contributed to this article .’
It's
A Cyclical Downturn In The Global Economy: Nobody Escapes at Forbes
Robert Lenzner StreetTalk
[ Yes. Mr. Lenzner is quite right. And, the natural concomitant of this
cyclical downturn is the secular bear market in this secular downtrend. That’s
the economic and financial reality, exacerbated by fraud, corruption and what
they’re doing and not doing. ] ‘The sharp fall in the
industrial manufacturing index– from 60.4 to 53.5 in a single month is
abundant proof that we have reached a cyclical turn in the economy says
Lakshman Acouthan, CEO of ECRI, a highly respected economic consulting
firm in New York.
“This is a
cyclical turn,” Acouthan just told me. “It is worldwide. Nobody escapes,” the
ECRI executive told me after reading today’s economic tea leaves– which were
seriously negative and distinctly different than the growth predicted by
most large Wall Street institutions.
By
underscoring “nobody escapes,” I believe Acouthan was referring to China, where
there are signs that higher interest rates and stiff restrictions on bank
reserves have begun to bite into industrial growth and commodity
prices.
Acouthan
believes stock markets and commodity prices, especially metals and energy, will
continue to be under pressure.
And
Wednesday’s plummeting share prices in the US were dramatic, as investors ran
for the exits and drove the indexes down a solid 2%. New jobs in the
private sector were meager, and home prices weakened again to the point wherer
prices in many cities have returned to pre-2002 levels. I anticipate more
softness in residential homes, which wil cetainly affect consumer sentiment.
Then, too, the
yield on 10 year Treasuries, the most watched interest rate in financial
markets, keept falling well below the 3% mark, closing at a yield of 2.94% just
as my bond guru Bob Smith of Smith Capital had been predicting. So far, PIMCO’s
Bill Gross has egg on his face for selling his Treasury bonds and then going
short– betting that interest rates would spike and bond prices weaken.
GM shares
plummeted on the surprisingly weak sales of autos in the most recent period. By
the end of the trading session shares of integrated oil companies were weaker.
Only gold seemed to climb in an undramatic fashion to finish the day higher.
Sadly, the
rout of the risk trade may mean that the Fed’s monthly $600 billion QE2
quantitative easing has not bolstered the economy so much as it induced
speculation in stocks and commodities.’
Stocks Tumble As Weak Economic Data Prompt Recovery Fears
Steven Russolillo | U.S. stocks plunged Wednesday
after a slew of downbeat reports prompted fears that the nation’s economic recovery
is running out of steam.
Fed Ready to Print More Funny Money on QE3 Rumors Kurt
Nimmo | Latest effort by the Fed to finance the government’s
staggering deficit will end this month.
Amazon
Tax Bill Passes California State Assembly NBC LA |
California could collect more than $1 billion a year by taxing Amazon and other
online retailers if a bill approved by the Assembly becomes law.
House
Republicans Meet With Obama After Rejecting Debt Ceiling Increase Fox
| The proposal to raise the nation’s $14.3 trillion ceiling by another $2.4
trillion failed.
Why
Gold Is Still a Good Long-Term Investment If all currencies are moving up
or down together, the question is: relative to what? Gold is the canary in the
coal mine. It signals problems with respect to currency markets. Central banks
should pay attention to it.
Suddenly
Everyone Is Warning About The Next Financial Collapse Are we about to see a
repeat of 2008 (or something even worse)? Suddenly all kinds of people are
coming out of the woodwork and warning that we could be on the verge of the
next major financial collapse.
One
percent holds 39 percent of global wealth Around one percent of households
have 39 percent of the globe’s wealth according to a study published Tuesday,
pointing to increased inequalities in the wake of the global downturn.
Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash While the snake oil salespeople at
the retail investing level and the bobble heads on the kool aid selling
financial channels have been saying for years that we’re in a “recovery”
(albeit a slow one), billion dollar fund managers say that nothing has changed
and we’ll have another crash. National / World Stocks Tumble As Weak Economic Data Prompt Recovery Fears
Steven Russolillo | U.S. stocks plunged Wednesday
after a slew of downbeat reports prompted fears that the nation’s economic
recovery is running out of steam. Three Powerful New Films Coming to the Infowar PrisonPlanet.tv
| We have added several exclusive bombshell video interviews for subscribers at
Prison Planet.tv Fed Ready to Print More Funny Money on QE3 Rumors Kurt
Nimmo | Latest effort by the Fed to finance the government’s
staggering deficit will end this month. Florida
governor signs welfare drug-screen measure CNN | Claims
welfare payments subsidize drug addiction.
Ron
Paul: We Are Enabling A Future American Dictatorship Steve Watson
| 2012 candidate warns that lack of oversight is enabling the rise of a
dictatorship in the US.
The
Federal Reserve Cartel: The Eight Families Dean Henderson
| Four Horsemen of Banking are among the top ten stock holders of virtually
every Fortune 500 corporation.
Fukushima:
French research institute finds high radioactivity NHK |
Radiation in Fukushima Prefecture 60 times higher than the annual reference
level.
NATO
extends Libya air war, says Kadhafi will go AFP | NATO
Wednesday extended its Libyan air war by three months. Drudgereport: FLASHBACK:
Obama: U.S. Involvement Would Last 'Days, Not Weeks'...
‘Summer
of War’ by NATO: 90 more days of Libya bombing NATO has declared its
extending its operation in Libya by another three months. The alliance chief
says this decision is meant to prove to Muammar Gaddafi that the alliance is
determined to fulfil the UN mandate. Let’s cross live to James Corbett an
editor of an independent news website to discuss the latest developments. Military
Escalation: “Phase Two” of the War on Libya A new phase of the war is
unfolding leading to a process of military escalation as well the eventual
landing of US-NATO commandos on Libya’s shores. An unprecedented deployment of
naval power in the Mediterranean is occurring.
Psych
drug doctors now pushing to add lithium to drinking water Chlorine,
fluoride, and the various other chemical poisons already added to the nation’s
drinking water supplies are apparently not enough for the self-appointed
experts whose insatiable lust to force-medicate the world is never satisfied.
Tiny
Payout In TSA Breast Exposure Lawsuit The U.S. government paid a paltry
$2350 to settle a lawsuit brought by a Texas woman who sued the Transportation
Security Administration after her breasts were exposed during a vigorous
frisking at a Texas airport, records show. Strategist:
World On The Verge Of Great, Great Depression And The Fed Knows It A
notable market strategist has told CNBC that the world is on the verge of the
largest financial meltdown in history, warning that Wall Street is at a loss as
to what to do regarding the ailing economy. Stocks sink
as banks slash jobs outlook Stocks skidded on Wednesday as more weak
economic data cemented fears the U.S. recovery was running out of steam and
prompted Wall Street firms to slash forecasts ahead of the closely watched
payrolls report on Friday. Obama
Bailout of Gov’t Motors to Cost Taxpayers at Least $14 Billion A report
today from the president’s National Economic Council says the government will
lose less than $16 billion — which would amount to 20% of the $80 billion spent
to bail out the U.S. auto industry. Check
Out These Exclusive New Videos At Prison Planet.tv We have added several
exclusive bombshell video interviews for subscribers at Prison Planet.tv – with
more to come. Check out the trailers for these new presentations below and
consider becoming a member at Prison Planet.tv. NATO
extends Libya operations to September NATO said on Wednesday it had
extended its Libyan mission for a further 90 days, after Muammar Gaddafi made
it clear he would not step down, dashing hopes of a negotiated end to the
uprising against his rule. Fed
Ready to Print More Funny Money on QE3 Rumors Simon Maughn, co-head of
European equities at MF Global, has told CNBC that a third round of so-called
quantitative easing is in the works. The private Federal Reserve will again
become the marginal buyer of bonds. Gen.
Hamid Gul: US will start WW3 if war expands to Pakistan Amid the fallout
between Washington and Islamabad over the killing of Osama Bin Laden, RT spoke
to Hamid Gul, former chief of Pakistan’s Intelligence Agency. He calls the US a
haughty empire spoiled by a sense of authority. Rep.
Paul to Fed: Tell Us Everything, or Else The chairman of the House
subcommittee that oversees the Federal Reserve demanded Tuesday that the Fed
fully disclose details of billions — perhaps trillions — in secret emergency
loans it made to almost every major bank in the U.S. and overseas during the
financial crisis or face a congressional subpoena for the information. Housing
market ‘double dips’ The prices of
single-family homes dropped to their lowest level since April 2009. Consumer
confidence drops to six-month low (Washington Post) [ Little more much worse than expected very
bad news and we’ll see new highs on fraudulent wall street. And, no; the worse
than expected news was not ‘already baked into valuations / pricing. Just
manipulated fraud as before and as always on fraudulent wall street. Globally, and in fraudulent america
particularly, the stock markets / bourses are a total joke as they try to
window dress their end of month figures based on b*** s*** alone. We’ve seen
this before as it played out in the prior phase of this ongoing financial
crisis. Shiller Home Price Index comes in at 100% worse than expectations … and
don’t forget, that includes the dollar debasing realities which makes this
report even more dire. Take this ‘me too’ pop on fraudulent wall street as an
especially great opportunity to sell, take profits since there is much, much
worse to come. Remember: ‘sell in May and go away’ … so … don’t be a lune,
loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Milbank:
Congress clocks in to clock out (Washington Post) [ ‘At 10 a.m. Tuesday morning, the Senate
came to order. Forty-one seconds later, it adjourned. During this legislative
session, there was no bill under consideration, no debate on the floor, not
even an opening prayer or a pledge of allegiance. The only senator in the
chamber was Mark Warner (D-Va.), the presiding officer. ‘After completing his gavel duties, Warner
looked up at the 20 tourists in the public gallery and wondered aloud to the
clerk what the spectators must think of the proceedings.“They think, ‘this is
our government?’ ” the clerk replied. That’s if they’re being charitable. The
Senate is supposed to be in Memorial Day recess this week. But the chamber is
so ungovernable that Majority Leader Harry Reid doesn’t even have the votes to
declare a recess. So he decided instead to have a few “pro forma” sessions,
such as Tuesday’s, allowing senators to take a vacation without voting for it.
In a sense, the Senate has been in a pro-forma session all year…’ Now who’s
being charitable … I’d say Mr. Milbank in his euphemistic description supra as
well as his unflinching defense of
wobama the b (for b***s***) despite wobama’s reneging on virtually all his
campaign promises / rhetoric to the nation’s unequivocal detriment. Thus, it is
indeed Mr. Milbank, journalistically speaking, who as well clocks in to clock
out. Simply put, wobama is nothing less than the worst of the democratic
platform combined with the worst of the republican platform. At near single
digit approval rates for congress, I find it difficult to imagine a realistic
approval rate for wobama exceeding same.
Davis ‘This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones |
U.S. intelligence is that bin Laden needs dialysis
every 3 days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Karzai
orders change in U.S. strategy
Afghan president’s ultimatum could complicate U.S. drawdown. (Washington
Post) [ Karzai’s always been hot-air
and antithetical to the true sovereign interests of Afghanistan, acting
more as a war criminal nation american shill.
Davis ‘This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones |
U.S. intelligence is that bin Laden needs dialysis
every 3 days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
House
rejects debt ceiling increase The
317-to-98 vote was a bipartisan rejection of extending the nation’s current
debt limit of $14.3 trillion unless major spending reductions accompany the
legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”I have to admit Brooks woke me up. I had blithely
been assuming a deal to raise the debt limit would get resolved at the last
minute–the classic American way. But, the showdown between Republican cutters
and Democrat defenders of Medicare may a lot more treacherous a path than I
anticipated.And the potential deep cuts underscore what I mentioined in my “Market’s
Wall of Worry” post yesterday about the prospects of the Income line
of the GDP being reduced by necessity. Cut Medicare and lerss money will
be spent on health care, less money on medical instruments, less money on
drugs, on pills, on doctotrs visits.Less money on healthcare means less money
circulating and so less tax revenue. It’s a future scenario few of us want
to contemplate. A runup to possible default will not be positive for the stock
market. Even if dfefault is avoided then, the notion that Wall Street
doesn’t get the crisis measns there’s too much denial of reality in stock
prices. I’m with David Brooks.’ … TEMPLETON
chairman: Financial Crisis 'Around Corner'... By Kana
Nishizawa / Bloomberg - May 30, 2011 ‘ Mark
Mobius , executive chairman of Templeton Asset Management’s emerging markets
group, said another financial crisis is inevitable because the causes of the
previous one haven’t been resolved …’ STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Business
Insider Joe Weisenthal …
Globally, and in fraudulent america particularly, the
stock markets / bourses are a total joke as they try to window dress their end
of month figures based on b*** s*** alone. We’ve seen this before as it played
out in the prior phase of this ongoing financial crisis. Shiller Home Price Index
comes in at 100% worse than expectations … and don’t forget, that includes the
dollar debasing realities which makes this report even more dire. Take this ‘me
too’ pop on fraudulent wall street as an especially great opportunity to sell,
take profits since there is much, much worse to come. Remember: ‘sell in May
and go away’ … so … don’t be a lune, loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Globally, and in fraudulent america
particularly, the stock markets / bourses are a total joke as they try to
window dress their end of month figures based on b*** s*** alone. We’ve seen
this before as it played out in the prior phase of this ongoing financial
crisis. Shiller Home Price Index comes in at 100% worse than expectations … and
don’t forget, that includes the dollar debasing realities which makes this
report even more dire. Take this ‘me too’ pop on fraudulent wall street as an especially
great opportunity to sell, take profits since there is much, much worse to
come. Remember: ‘sell in May and go away’ … so … don’t be a lune, loon, sell in
June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
The
Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Street Talk ‘
*The bottom
line all talks of cuts is less federal, state and local spending. Removes money
from income total for the nation.
*Meanwhile,
cost of healthcare, food, transportation continues to rise squeezing
middle class.
*The yield on
10 year Treasuries is 3.11% and trending lower in anticipation soifter economy.
*Housing
market could continue weak for some years, not months, affecting millions of
ordinary Americans.
* Price of
crude oil makes gasoline expensive and brings demand destruction.
* Stocks rally
now over 2 years old. Commodities have also run up bigtime.
* China trying
to slow its economic growth and having difficulty doing so.
*Europe facing
costly bailouts troubled nations and weaker financial institutions.
*Showdown over
Palestinian state could lead to another outbreak hostilities in the Middle
East.
*If US, Europe
and China slowing what are the prospects for global economy, corporate profits,
market valuations?
*Japan badly
hurt by earthquake and tsumami.
*Trade volumes
decline more sharply than output during downturns according to The Economist.
*But OECD
predicts GDP up 4.2% and trade volumes gain 8%.
The
Beginning of the End of QE2 and 18 Other Issues Making Investors Nervous Tue
May 31st, 2011Lloyd
Khaner Lloyd's Wall of Worry remains relatively high, meaning now is the
time to look for stock market bargains.
now QE2 countdown clock .)first LinkedIn
(LNKD It's about
how hard you can get it and keep moving forward. How much you can take and keep
moving forward ." For what it’s worth, my money’s on Japan moving
forward "Green Acres is the place for me." “Animal House, Animal House.” Lloyd
Khaner prices
http://image.minyanville.com/assets/FCK_Jan2011/Image/Lila2/Wall.May31.jpg ‘ U.S.
Home Prices Drop To 2002 Levels, Ho-Hum Says Mr. Market Forbes [ Yeah … they have to say ho-hum so
that they’re not caught saying … duh! ] S&P/Case-Shiller Home Price Indices http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us---- The S&P/Case-Shiller Home Price
Indices are the leading measures for the US residential housing market,
tracking changes in the value of residential real estate both nationally as
well as in 20 metropolitan regions. The indices are calculated monthly and
published with a two month lag. New index levels are released at 9am Eastern
Standard Time on the last Tuesday of every month. Latest Press Release National
Home Prices Hit New Low in 2011 Q1 According to the S&P/Case-Shiller Home
Price Indices(PDF)
31-May-2011
09:00
Data
through March 2011, released today by Standard & Poor’s for its
S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home
prices, show that the U.S. National Home Price Index declined by 4.2% in the
first quarter of 2011...
* The S&P/Case-Shiller Home Price Indices are calculated
monthly using a three-month moving average and published with a two month lag.
New index levels are released at 9 am on the last Tuesday of every month.
(data as of 31-May-2011)
Home Price Index Levels
March
2011
March
2011
Home Price Sales Pair Counts
March
2011
Not
Calculated
U.S. National Index Levels
Q1
2011
Q1
2011
Home Price Tiered Index Levels
March
2011
March
2011
Condominium Index Levels
March
2011
March
2011
Condominium Sales Pair Counts
March
2011
Not
Calculated
Key
Housing Indicators (Monthly)
March
2011 (as of 31-May)
The Latest
Indicators are usually updated by 2 pm on the last Tuesday of every month.
Index Announcements National
Home Prices Hit New Low in 2011 Q1 According to the S&P/Case-Shiller Home
Price Indices
Data
through March 2011, released today by Standard & Poor’s for its
S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home
prices, show that the U.S. National Home Price Index declined by 4.2% in the
first quarter of 2011...
Home
Prices Edge Closer to 2009 Lows According to the S&P/Case-Shiller Home
Price Indices
Data
through February 2011, released today by Standard & Poor’s for its
S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home
prices, show prices for the 10- and 20-city composites are lower than a year
ago but still slightly above...
Home
Prices Off to a Dismal Start in 2011 According to the S&P/Case-Shiller Home
Price Indices
Data
through January 2011, released today by Standard & Poor’s for its
S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home
prices, show further deceleration in the annual growth rates in 13 of the 20
MSAs and the 10- and 20-City...
See
All Index Announcements
Index Research S&P/Case-Shiller
Home Price Indices: 2010 A Year In Review
S&P/Case-Shiller
Home Price Indices and Seasonal Adjustment
S&P/Case-Shiller
Home Price Indices: 2009 A Year In Review
NATIONAL HOME PRICES HIT NEW LOW IN 2011 Q1
According to the S&P/Case-Shiller Home Price
Indices
New York, May 31, 2011 – Data through March 2011, released today
by Standard & Poor’s for its
S&P/Case-Shiller 1 Home Price Indices, the
leading measure of U.S. home prices, show that the U.S.
National Home Price Index declined by 4.2% in the first quarter of
2011, after having fallen 3.6% in the
fourth quarter of 2010. The National Index hit a new recession low
with the first quarter’s data and
posted an annual decline of 5.1% versus the first quarter of 2010.
Nationally, home prices are back to
their mid-2002 levels.
As of March 2011, 19 of the 20 MSAs covered by S&P/Case-Shiller
Home Price Indices and both
monthly composites were down compared to March 2010. Twelve of the
20 MSAs and the 20-City
Composite also posted new index lows in March. With an index value
of 138.16, the 20-City Composite
fell below its earlier reported April 2009 low of 139.26.
Minneapolis posted a double-digit 10.0% annual
decline, the first market to be back in this territory since March
2010 when Las Vegas was down 12.0%
on an annual basis. In the midst of all these falling prices and
record lows, Washington DC was the only
city where home prices increased on both a monthly (+1.1%) and
annual (+4.3%) basis. Seattle was up a
modest 0.1% for the month, but still down 7.5% versus March 2010.
1 Case-Shiller ®
and Case-Shiller Indexes ®
are registered trademarks of Fiserv, Inc.
The chart on the previous page depicts the annual returns of the
U.S. National, the 10-City Composite
and the 20-City Composite Home Price Indices. The
S&P/Case-Shiller U.S. National Home Price Index,
which covers all nine U.S. census divisions, recorded a 5.1%
decline in the first quarter of 2011 over the
first quarter of 2010. In March, the 10- and 20-City Composites
posted annual rates of decline of 2.9%
and 3.6%, respectively. Thirteen of the 20 MSAs and both monthly
Composites saw their annual growth
rates fall deeper into negative territory in March. While they did
not worsen, Chicago, Phoenix and
Seattle saw no improvement in their respective annual rates.
“This month’s report is marked by the confirmation of a double-dip
in home prices across much of the
nation. The National Index, the 20-City Composite and 12 MSAs all
hit new lows with data reported
through March 2011. The National Index fell 4.2% over the first
quarter alone, and is down 5.1%
compared to its year-ago level. Home prices continue on their
downward spiral with no relief in sight.”
says David M. Blitzer, Chairman of the Index Committee at S&P
Indices. “Since December 2010, we
have found an increasing number of markets posting new lows. In
March 2011, 12 cities - Atlanta,
Charlotte, Chicago, Cleveland, Detroit, Las Vegas, Miami,
Minneapolis, New York, Phoenix, Portland
(OR) and Tampa - fell to their lowest levels as measured by the
current housing cycle. Washington D.C.
was the only MSA displaying positive trends with an annual growth
rate of +4.3% and a 1.1% increase
from its February level.
“The rebound in prices seen in 2009 and 2010 was largely due to
the first-time home buyers tax credit.
Excluding the results of that policy, there has been no recovery
or even stabilization in home prices
during or after the recent recession. Further, while last year saw
signs of an economic recovery, the most
recent data do not point to renewed gains.
“Looking deeper into the monthly data, 18 MSAs and both Composites
were down in March over
February. The only two which weren’t, are Washington DC, up 1.1%,
and Seattle, up 0.1%. Atlanta,
Cleveland, Detroit and Las Vegas are the markets where average
home prices are now below their
January 2000 levels. With a March index level of 100.27, Phoenix
is not far off.”
S&P/Case-Shiller U.S. National Home Price
Index
[chart]
US National, index level (left)
US National, %chya (right)
Nationally, home prices are back
to their mid-2002 levels
Record low decline of 18.9% in
2009Q1 (solid line)
National
index hits
new low in
2011Q1
(dotted line)
Source: Standard & Poor's and Fiserv
2011 Q1 2011 Q1/2010 Q4 2010 Q4/2010 Q3
Level Change (%) Change (%) 1-Year Change (%)
U.S. National Index 125.41 -4.2% -3.6% -5.1%
March
2011 March/February February/January
METROPOLITAN AREA LEVEL CHANGE (%) CHANGE (%)
1-YEAR CHANGE (%)
ATLANTA 98.36 -1.9%
-0.1% -5.2%
BOSTON 147.36 -1.7%
-1.5% -2.7%
CHARLOTTE 106.96 -2.4%
-1.3% -6.8%
CHICAGO 110.57 -2.4%
-2.2% -7.6%
CLEVELAND 96.80 -1.8%
-0.7% -6.3%
DALLAS 112.89 -0.8%
-0.2% -2.5%
DENVER 120.55 -0.6%
-1.2% -3.8%
DETROIT 67.07 -2.0%
0.8% -0.9%
LAS VEGAS 97.18 -1.1% -1.0% -5.3% LOS ANGELES 167.77 -0.3% -1.0% -1.7% MIAMI 137.28 -0.8%
-2.0% -6.1%
MINNEAPOLIS 105.57 -3.7%
-3.3% -10.0%
NEW YORK 163. 50
-0.9% -0.6% -3.4%
PHOENIX
100.27 -0.5% -0.7% -8.4%
PORTLAND 132.67 -0.7%
-1.6% -7.6%
SAN DIEGO 153.88 -0.8%
-1.3% -4.0%
SAN FRANCISCO 129.82 -0.1%
-2.6% -5.1%
SEATTLE 132.97 0.1% -1.9%
-7.5%
TAMPA
127.08 -0.7% -0.8% -6.9%
WASHINGTON
182.98 1.1% -0.3% 4.3%
COMPOSITE-10 151.66 -0.6%
-1.2% -2.9%
COMPOSITE-20 138.16 -0.8%
-1.1% -3.6%
Source: Standard & Poor's and Fiserv
Data through March 2011
The chart on the previous page shows the index levels for the U.S.
National Home Price Index, as well as
its annual returns. As of the first quarter of 2011, average home
prices across the United States are back
at their mid-2002 levels. The National Index level hit a new low
in the first quarter of 2011; it fell by
4.2% in the first quarter of 2011 and is 5.1% below its 2010Q1
level.
Eleven cities and both Composites have posted at least eight
consecutive months of negative month-overmonth
returns. Of these, eight cities are down 1% or more. The only
cities to post positive improvements
in March versus their February levels are Seattle and Washington
D.C. with monthly returns of +0.1%
and +1.1% respectively.
The table below summarizes the results for March 2011. The
S&P/Case-Shiller Home Price Indices are
revised for the 24 prior months, based on the receipt of
additional source data. More than 23 years of
history for these data series is available, and can be accessed in
full by going to
www.homeprice.standardandpoors.com
Since its launch in early 2006, the S&P/Case-Shiller Home
Price Indices have published, and the markets
have followed and reported on, the non-seasonally adjusted data
set used in the headline indices. For
analytical purposes, Standard & Poor’s does publish a
seasonally adjusted data set covered in the
headline indices, as well as for the 17 of 20 markets with tiered
price indices and the five condo markets
that are tracked.
A summary of the monthly changes using the seasonally adjusted
(SA) and non-seasonally adjusted
(NSA) data can be found in the table below.
NSA SA NSA SA
US National -4.2%
-1.9% -3.6% -1.8%
Metropolitan Area NSA SA NSA SA
Atlanta -1.9% -1.2% -0.1%
0.6%
Boston -1.7% -0.9% -1.5%
-0.7%
Charlotte -2.4% -2.6% -1.3%
-0.8%
Chicago -2.4% -0.8% -2.2%
-0.7%
Cleveland
-1.8% -1.3% -0.7% 0.6%
Dallas -0.8% -0.8% -0.2%
0.3%
Denver -0.6% -0.3% -1.2%
-0.5%
Detroit -2.0% -0.7% 0.8% 1.8%
Las Vegas -1.1% -0.6% -1.0%
-0.4%
Los Angeles -0.3%
0.1% -1.0% -0.1%
Miami -0.8% 0.3% -2.0% -1.5%
Minneapolis -3.7%
-2.5% -3.3% -1.5%
New
York -0.9% -0.1% -0.6% -0.2%
Phoenix -0.5% 0.1% -0.7%
0.1%
Portland -0.7% -0.4% -1.6%
-0.8%
San Diego -0.8% -0.9% -1.3%
-0.8%
San Francisco -0.1%
0.5% -2.6% -1.6%
Seattle 0.1% 0.2% -1.9%
-1.7%
Tampa -0.7% 0.0% -0.8% -0.1%
Washington 1.1% 1.2% -0.3%
0.5%
Composite -10 -0.6% -0.1%
-1.2% -0.3%
Composite -20 -0.8% -0.2%
-1.1% -0.2%
Source: Standard & Poor's and Fiserv
Data
through March 2011
March/February Change (%) February/January
Change (%)
2011 Q1/2010 Q4 2010 Q4/2010 Q3
S&P Indices has introduced a new blog called HousingViews.com.
This interactive blog delivers realtime
commentary and analysis from across the Standard & Poor’s
organization on a wide-range of topics
impacting residential home prices, homebuilding and mortgage
financing in the United States. Readers
and viewers can visit the blog at www.housingviews.com , where feedback and
commentary is certainly
welcomed and encouraged.
The S&P/Case-Shiller Home Price Indices are published on the
last Tuesday of each month at 9:00 am
ET. They are constructed to accurately track the price path of
typical single-family homes located in each
metropolitan area provided. Each index combines matched price
pairs for thousands of individual houses
from the available universe of arms-length sales data. The
S&P/Case-Shiller National U.S. Home Price
Index tracks the value of single-family housing within the United
States. The index is a composite of
single-family home price indices for the nine U.S. Census
divisions and is calculated quarterly. The
S&P/Case-Shiller Composite of 10 Home Price Index is a
value-weighted average of the 10 original
metro area indices. The S&P/Case-Shiller Composite of 20 Home
Price Index is a value-weighted
average of the 20 metro area indices. The indices have a base
value of 100 in January 2000; thus, for
example, a current index value of 150 translates to a 50%
appreciation rate since January 2000 for a
typical home located within the subject market.
These indices are generated and published under agreements between
Standard & Poor’s and Fiserv, Inc.
The S&P/Case-Shiller Home Price Indices are produced by
Fiserv, Inc. In addition to the S&P/Case-
Shiller Home Price Indices, Fiserv also offers home price index
sets covering thousands of zip codes,
counties, metro areas, and state markets. The indices, published
by Standard & Poor's, represent just a
small subset of the broader data available through Fiserv.
For more information about S&P Indices, please visit www.standardandpoors.com/indices .
About S&P Indices
S&P Indices, the world’s leading index provider, maintains a
wide variety of investable and benchmark
indices to meet an array of investor needs. Over $1.25 trillion is
directly indexed to Standard & Poor's
family of indices, which includes the S&P 500, the world's
most followed stock market index, the
S&P/Case-Shiller Home Price Indices, the leading measure of
U.S. home prices, the S&P Global BMI, an
index with approximately 11,000 constituents, the S&P GSCI,
the industry's most closely watched
commodities index, and the S&P National AMT-Free Municipal
Bond Index, the premier investable index
for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices .
Standard & Poor’s does not sponsor,
endorse, sell or promote any S&P index-based investment product.
For more information:
David R. Guarino
Standard & Poor’s
Communications
212-438-1471
[email protected]
David Blitzer
Standard & Poor’s
Chairman of the Index Committee
212-438-3907
[email protected]
Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”I have to admit Brooks woke me up. I had blithely
been assuming a deal to raise the debt limit would get resolved at the last
minute–the classic American way. But, the showdown between Republican cutters
and Democrat defenders of Medicare may a lot more treacherous a path than I
anticipated.And the potential deep cuts underscore what I mentioined in my “Market’s
Wall of Worry” post yesterday about the prospects of the Income line
of the GDP being reduced by necessity. Cut Medicare and lerss money will
be spent on health care, less money on medical instruments, less money on
drugs, on pills, on doctotrs visits.Less money on healthcare means less money
circulating and so less tax revenue. It’s a future scenario few of us
want to contemplate. A runup to possible default will not be positive for the
stock market. Even if dfefault is avoided then, the notion that Wall
Street doesn’t get the crisis measns there’s too much denial of reality in
stock prices. I’m with David Brooks.’
TEMPLETON
chairman: Financial Crisis 'Around Corner'... By Kana
Nishizawa / Bloomberg - May 30, 2011 ‘ Mark
Mobius , executive chairman of Templeton Asset Management’s emerging markets
group, said another financial crisis is inevitable because the causes of the
previous one haven’t been resolved. “There is definitely going to be another
financial crisis around the corner because we haven’t solved any of the things
that caused the previous crisis,” Mobius said at the Foreign Correspondents’
Club of Japan in Tokyo today
in response to a question about price swings. “Are the derivatives regulated?
No. Are you still getting growth in derivatives? Yes.” The total value of
derivatives in the world exceeds total global gross domestic product by a
factor of 10, said Mobius, who oversees more than $50 billion. With that volume
of bets in different directions, volatility and equity market crises will occur,
he said. The global financial crisis three years ago was caused in part by the
proliferation of derivative products tied to U.S. home loans that ceased
performing, triggering hundreds of billions of dollars in writedowns and
leading to the collapse of Lehman Brothers Holdings Inc. in September 2008. The
MSCI AC World Index of developed and emerging market stocks tumbled 46 percent
between Lehman’s downfall and the market bottom on March 9, 2009. “With every
crisis comes great opportunity,” said Mobius. When markets are crashing,
“that’s when we’re going to be able to invest and do a good job,” he said. The
freezing of global credit markets caused governments from Washington to Beijing to London to pump more than $3
trillion into the financial system to shore up the global economy. The MSCI AC
World gauge surged 99 percent from its March 2009 low through May 27.
‘Too Big to Fail’ The largest U.S. banks have grown larger since the
financial crisis, and the number of “too-big-to-fail” banks will increase by 40
percent over the next 15 years, according to data compiled by Bloomberg.
Separately, higher capital
requirements and greater supervision should be imposed on institutions
deemed “too important to fail ” to reduce the chances of
large-scale failures, staff at the International
Monetary Fund warned in a report on May 27. “Are the banks bigger than they
were before? They’re bigger,” Mobius said. “Too big to fail.” The money manager had earlier
said at the same event that Africa
has an “incredible” investment potential and that he has stakes in Nigerian
banks.
“These banks are doing very well and are much better
regulated than they were in the past,” Mobius said, without disclosing which
lenders he holds. Banks account for five of the eight stocks in the MSCI
Nigeria (MXNI) Index. Guaranty Trust Bank Plc, the country’s No. 2 lender
by market value, surged 31 percent in the six months through May 27, according
to data compiled by Bloomberg. Shares of Access Bank Nigeria Plc recorded the second-biggest
decline on the gauge in the period, the data show.
To contact the reporter on this story: Kana Nishizawa
in Tokyo at [email protected]
To contact the editor responsible for this story:
Nick Gentle at [email protected] ‘
U.S.
Home Prices Drop To 2002 Levels, Ho-Hum Says Mr. Market Forbes
March
S&P/Case-Shiller index .
The 20-city
index was down 3.6% from a year ago in March, marking “the confirmation of a
double-dip in home prices across much of the nation,” said David Blitzer,
chairman of the index committee at S&P Indices. “Home prices continue on
their downward spiral with no relief in sight.”
For the first
quarter, average prices were down 4.2%, after dropping 3.6% over the last three
months of 2010. The drop back into a double-dip, which has been anticipated for
months, comes as the housing market continues to give back the gains built up
during a debt-fueled bubble that saw an unprecedented surge in prices until the
subprime meltdown signaled the first cracks in the dam a few years ago.
While the
housing market is contributing little, if anything, to the sluggish U.S.
economic recovery, the stock market appears reconciled to that fact, mostly
because it has been
telegraphed for months . Despite the soft reading from the
S&P/Case-Shiller index Tuesday, major equity indexes returned from the
Memorial Day break with a vengeance.
In the first
five minutes of trading the Dow Jones industrial average was up 121 points at
12,563. All 30 blue-chip components were in the green including Home Depot , up 0.5%, which has faced challenges in recent
years as its core business operates at the intersection of housing and consumer
spending.
The S&P
500 gained 13 points to 1,344, while the Nasdaq added 29 points to 2,826. Among
the few big losers in early trading was Nokia, down 13% after cutting its
earnings outlook for the second quarter and full fiscal year. (See “Nokia
Sees Q2 Worse Than Expected.” )’
Another
Financial Crisis Is On The Way, Mobius Says at Forbes Halah Touryalai Working Capital ‘ ‘Warren
Buffett called them weapons of mass destruction. Now those same products,
known as derivatives, are pushing the world closer to another financial crisis.
That’s according to Mark Mobius, executive chairman of Templeton Asset
Management’s emerging markets group. Mobius, who over sees more than $50
billion in assets, says another financial crisis is “around the corner” because
little has changed since recent collapse of the markets.“There is
definitely going to be another financial crisis around the corner because we
haven’t solved any of the things that caused the previous crisis. Are the
derivatives regulated? No. Are you still getting growth in derivatives? Yes.”
That was his
response to a question about price swings at the Foreign Correspondents’ Club
of Japan in Tokyo today, according
to Bloomberg.
Derivatives
are financial instruments whose value is based on some underlying asset, like a
mortgage for instance, and and can be used to either hedge risk or for completely
speculative positions. There are all kinds of derivatives investors can invest
in or against including something called the death
derivative where, you guessed it, investors bet on people’s deaths.
The most
infamous derivatives are the ones tied to residential mortgages and which led
to the demise of the financial system back in 2008. When homeowners began
defaulting on their mortgages the affect was nearly detrimental to all the
financial institutions that shared the risk through these exotic derivatives.
An IMF
report from 2010 puts it this way:
Over-the-counter (OTC) derivatives markets have grown
considerably in recent years, with total notional outstanding amounts exceeding
$600 trillion at the end of June 2009 (Figure 3.1). During the financial
crisis, the credit default swap (CDS) market, a part of the OTC derivatives
market, took center stage as difficulties in financial markets began to
intensify and the counterparty risk involved in a largely bilaterally cleared
market became apparent. Authorities had to make expensive decisions regarding
Lehman Brothers and AIG based on only partially informed views.
In fact, the
derivatives battle at Lehman Brothers is still waging on with the counter-parties
in Lehman Brothers derivatives trades still looking to get paid for their bets.
Bankrupt Lehman has been in talks for over a year with about a dozen big-bank
counter-parties about the value of the their claims.
Meanwhile, Mobius says the derivatives market today
is still so rife with bets made in different directions that major volatility
is inevitable and the equity markets will suffer. He said the total value of
derivatives in the world exceeds total global gross domestic product by a
factor of 10, according to the Bloomberg report.
The derivatives market is one that regulators are
attempting to reform right now with new rules scheduled to be implemented this
year. The new rules would require more disclosure and transparency.
But like in other attempts at regulating lucrative
lines of business regulators are facing resistance from Wall Street friendly
lawmakers looking to extend the deadline.
Last week, U.S. Rep. Spencer Bachus co-sponsored a
bill that would approve a measure to delay the implementation of to September
2012. The legislation to delay the implementation of rules was passed last week
with Bachus saying the move was neccessary to “restore order to the Dodd-Frank
Act derivatives rulemaking process.” ‘
STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Business
Insider Joe Weisenthal , Tuesday May 31, 2011
‘Anyone of the bearish persuasion is pulling their hair out right now.
But first, the
scoreboard:
Dow: +123.59
And now, the
top stories:
Without a doubt, the #1 story of the moment is
the situation in Greece, a story that's now more than a year old. Over the
weekend, it emerged that the "Troika" (ECB, IMF, EU) were close to a deal , though nothing is signed yet.
Nonetheless, the euro surged, and European markets wen nuts.
(Asian markets also had a really big day,
despite Moody's warning about Japanese debt, and ongoing concerns about
China.)
By the time the US morning came around, it was
all risk-on all the time.
And although this did cause the marke to pull
back, it was obvious that nothing was ever in doubt in terms of the rally,
which ended up being huge. There are all kinds explanations, though the
simplest is that for now earnings are now holding up, and that's what counts
There really wasn't too much on the corporate
front with earnings season now officially in the big. Apple shares rose on
confirmation that Steve Jobs will appear at the WWDC.
Nokia shares got KILLED after the handset maker lowered its outlook.
Generally, energy was extremely strong all day, as well. Oh, and bonds had
a nice day, continuing to pulverize the shorts.
Greece:
Behold the Default Spiral at The Wall Street Journal Matt Phillips ‘Guy LeBas, chief fixed
income strategist at Janney Capital Markets, tossed this chart into a research
note he published today on the possibilities that the Greece situation could
develop into a full-blown European contagion. He writes:Greece is in the midst of a classic default spiral,
one of the great paradoxes of the financial markets. In its simplest form, a
debt spiral begins when an issuer, be it a corporation, municipality, or
country faces an upcoming obligation which it needs to refinance. If the
markets deem that issuer to be a poor credit risk, that issuer’s cost of
selling new debt to pay off its upcoming obligation rises, increasing expenses
and further impairing credit quality.
If this cycle raises financing costs to unsustainable
levels, say 24 – 25%, it becomes wholly impossible for the issuer to pay off
upcoming obligations by issuing new ones, hence ensuring a default and earning
the name debt or default spiral. As a default spiral is a self-sustaining game,
the only way for an issuer to solve a default spiral is by breaking the rules
of the game, namely via obtaining external assistance (being acquired, or, in
our example, obtaining low cost loans from other governments) or by defaulting.
The only way that the first option, obtaining support, can work is if that
support somehow restores confidence in the spiraling issuer. [chart
http://s.wsj.net/public/resources/images/OB-OC823_Greece_F_20110531145045.jpg ]
Faith In U.S. Dollars And U.S. Debt Is Dead
The Game Is OverMichael Snyder | A day is coming when the
rest of the world will decide that it no longer has faith in U.S. dollars or in
U.S. debt.
Eleven
million low and middle-income workers’ pay will ‘flatline’ Mail
Online | The average wage taken home by 11 million British workers
will remain ‘roughly the same’ until at least 2015.
Memorial
Day BBQ will cost you 29% more this year thanks to inflation Mail
Online | Those thinking of hosting a BBQ – even a modest one – can
expect to fork out an extra $45 on food to serve a dozen guests.
Uranium
Stocks Under Siege as Fukushima Continues Spewing Radiation James
West | There will be a persistent chorus of uranium investors who have
an audience in the media proclaiming uranium to be the ‘contrarian trade of the
decade’.
What Would
Fractional Silver Mean? Jimm Motyka | I believe that
fractional silver is not going to be a trend, but will be the rule in the
coming year.
When
Faith In U.S. Dollars And U.S. Debt Is Dead The Game Is Over Michael
Snyder | A day is coming when the rest of the world will decide that
it no longer has faith in U.S. dollars or in U.S. debt.
Save Us From The
Tyranny Of Bankers We hope all of our appearances on Greek TV, radio and in
the press have helped the educational process and to allow the Greeks to
identify who the real culprits are, and what to do about it. A 62% Top Tax Rate? Democrats
have said they only intend to restore the tax rates that existed during the
Clinton years. In reality they’re proposing rates like those under President
Carter. The
Economic Death Spiral Has Been Triggered For nearly 30 years we have had
two Global Strategies working in a symbiotic fashion that has created a
virtuous economic growth spiral. Unfortunately, the economic underpinnings were
flawed and as a consequence, the virtuous cycle has ended. It is now in the
process of reversing and becoming a vicious downward economic spiral.
Utah
Law Makes Coins Worth Their Weight in Gold (or Silver) Utah has passed a
law intended to encourage residents to use gold or silver coins made by the Mint
as cash, but with their value based on the weight of the precious metals in
them, not the face value — if, that is, they can find a merchant willing to
accept the coins on that basis. Markets
Fret About Euro ‘Slow-Motion Car Crash’ Reports that Greece has not met any
of the fiscal targets set by the International Monetary Fund (IMF) and the
European Union (EU) as part of its 110 billion euros ($157 billion) bailout
knocked down the euro Monday, as other countries in the euro zone are
threatened with being dragged into the Greek morass. Inflation
2011: Honey – They Shrunk Our Paychecks Do you ever have the feeling that
there are holes in your pockets? These days our money seems to slip through our
hands faster than ever. The
Greek “Ultimatum”: Bailout (For The Bankers) And (Loss Of) Sovereignty So
after one year of beating around the bush, it is finally made clear that, as
many were expecting all along, the ultimate goal of the Greek “bailouts” is
nothing short of the state’s (partial for now) annexation by Europe. U.S.
home price index falls to double-dip in March Chicago Tribune
| National home prices hit a new low in March, giving credence to
long-simmering worries about a double dip in the housing market.
Uranium
Stocks Under Siege as Fukushima Continues Spewing Radiation James
West | There will be a persistent chorus of uranium investors who have
an audience in the media proclaiming uranium to be the ‘contrarian trade of the
decade’.
What Would
Fractional Silver Mean? Jimm Motyka | I believe that
fractional silver is not going to be a trend, but will be the rule in the
coming year.
No
cash to pay your debts? We’ll take your gold, Greece! This week Max Keiser
and co-host, Stacy Herbert, report on the oil traders puking on markets and the
gold confiscators eyeing Greece, Portugal, Spain and Italy. In the second half
of the show, Max talks to former chief forex trader for VISA, Jon Matonis of
TheMonetaryFuture.blogspot.com, about Bitcoin, the new peer-to-peer
crypto-currency. National
/ World WHO Lists Cell
Phones as Cancer Hazard The United Nations’ health agency, the World Health
Organization, now lists mobile phone use in the same “carcinogenic hazard”
category as lead, engine exhaust and chloroform. Texas
Lt. Gov. Dewhurst Calls for Special Session Texas Lt. Gov. David Dewhurst,
who played a pivotal role in sabotaging a bill that would have criminalized TSA
groping in the state’s airports, has written a letter to Gov. Rick Perry asking
for a special session. Nanny
State Betrays Decline and Fall of America Two more ridiculous examples of
the nanny state kicking into high gear add to the overwhelming weight of
evidence indicating that America is in a state of terminal decline, with an
overtly authoritarian big government enforcing a command and control system at
every level of society. Ron
Paul: We Are Enabling A Future American Dictatorship 2012 Presidential
candidate Ron Paul has warned that a lack of oversight from Congress, the media
and the American people is enabling the rise of a dictatorship in the US. Pentagon
Declares War On Cyber Enemies The Pentagon has announced that computer
intrusions from abroad are to be considered acts of war against the United
States and will be answered with conventional military force. Afghan
leader warns NATO not to become ‘occupying force’ President Hamid Karzai
warned NATO-led forces in Afghanistan on Tuesday they were at risk of being
seen as an occupying force rather than an ally after a spate of civilian
casualties, and said he would take unspecified “action” if they continue. Footage
of Western Troops Confirms Criminality of War on Libya Proof that armed
western forces are on the ground in Libya advising rebels confirms that the
entire legal premise behind the NATO-led intervention has been shattered and
the campaign is now a criminal act of warfare that has nothing whatsoever to do
with the original justification of protecting civilians. 40
Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S.
Economy It is time to face the truth. The Chinese economy is simply beating
the living daylights out of the U.S. economy. Whether you want to call it a
rout, a slaughter or a thrashing, the reality is that the Chinese are
absolutely embarrassing America on the global economic stage. Western
Troops Disguised as Arabs Witnessed on the Ground In Libya Armed westerners
have been filmed on the front line with rebels near Misrata in the first
apparent confirmation that foreign special forces are playing an active role in
the Libyan conflict. Former
Head Of CIA Bin Laden Unit: “Main Recruitment Sergeant For Al Qaida Is Barack
Obama” Ex CIA intelligence officer turned whistleblower and activist,
Michael Scheuer, has launched a blistering attack on the political
establishment, over its handing of the so called war on terror, asserting that
the entire rationale behind it is based on outright lies and deception. WHO Lists Cell Phones as Cancer Hazard Kurt
Nimmo | Studies into cell phones established link between long term
use and brain tumors. Nanny State Betrays Decline and Fall of America Paul
Joseph Watson | Firework ban, tree ordinance latest examples of
rampant authoritarian assault on all levels of society Pentagon Declares War On Cyber Enemies Kurt
Nimmo | Pentagon rolls out public relations effort as it prepares to
attack official cyber enemies. U.S.
Military Personnel, Veterans Give Obama Lower Marks U.S. military veterans
and those currently on active military duty are less likely to approve of
President Obama’s job performance than are Americans of comparable ages who are
not in the military. Stop
Obama’s Unconstitutional Power Grab! The Congressman sounds off on the
blatant violation of war powers by the Obama administration. Downgraded
Typhoon Poised to Spread Fukushima Radiation Once again, TEPCO, the utility
company responsible for the Fukushima disaster, is ill-prepared to protect the
people of Japan. High
radioactivity found in Japan nuclear workers Two workers from Japan’s
stricken Fukushima nuclear plant have been contaminated by high levels of
radioactive iodine, the operator said Monday, prompting fears over their long-term
health. Britain
steps up mind games against Muammar Gaddafi Britain has stepped up the
psychological and military pressure on Muammar Gaddafi by claiming his
departure is inevitable as it prepares to deploy bunker busting bombs,
helicopters and to introduce regular daytime air raids on Tripoli. Big
Sis Pre-Crime System to Scan Americans For “Malintent” Chilling technology
straight out of Minority Report that would subject Americans to pre-crime
interrogations and physiological scans to detect “malintent” at sports
stadiums, malls, airports and other public places has moved closer to being
implemented after Homeland Security’s FAST program passed its first round of
testing. Corporate
Media Attacks Alex Jones, Defends TSA Perverts Following a successful rally
on the capitol in Austin last week to protest a decision by lawmakers to back
down on a bill to stop TSA molestation, apologists for a tyrannical state are
coming out of the woodwork in defense of goons sticking their hands down the
pants of six year old kids. Afghanistan’s
Karzai gives U.S. final warning: stop killing civilians Afghan President
Hamid Karzai called on the US military on Sunday to avoid operations that kill
civilians, saying it was his “last warning” to Washington after 14 people
allegedly died in an air strike. Corporate Media Attacks Alex Jones, Defends TSA Perverts Kurt
Nimmo | Fort Worth op-ed writer supports the state and its
pathological insistence it must grab the testicles of children. On
Memorial Day: Remember Roger Young | An alternative
view of Memorial Day. Anatomy of a Murder: How NATO Killed Qaddafi Family
Members Cynthia McKinney | Please don’t allow
special interest press and war mongering gatekeepers of the left to blot out
the tragedy unfolding in Libya. From Bush to
Obama, the snooping goes on Two Democratic senators, Ron Wyden of Oregon
and Mark Udall of Colorado, have accused the Obama administration of using
Section 215 for purposes not intended by Congress. Obama
Pledges to Continue War Against Libya During Globalist Confab Appearing at
the globalist confab in the French resort of Deauville, Obama said on Friday
the U.S. and NATO will not rest until they “finish the job’ in Libya. The
Fake ICC & the Globalist Strategy of Tension Russia’s President
Medvedev, according to the Australian, has “endorsed calls for Colonel Gaddafi
to leave office and offered to help to negotiate his exit. ” It is a move that
has “surprised and delighted” both London and Washington after Russia’s initial
protest against the extralegal military action that was executed upon an Iraq
War-style pack of lies. Cooling
system stops at No.5 reactor in Fukushima Cooling system at a reactor of
the crippled Fukushima No.1 nuclear power plant stopped from Saturday, the
plant’s operator said Sunday. Radioactive
materials found off Miyagi and Ibaraki Japan’s science ministry has
detected extraordinarily high levels of radioactive cesium in seafloor samples
collected off Miyagi and Ibaraki Prefectures. Texans
Revolt Against TSA Tyranny, Storm Capitol Exclusive footage of the Texas
Capitol takeover Wednesday, when angry demonstrators led by radio host Alex
Jones descended upon the Senate to rebuke threats used to quash a TSA bill that
passed the House unanimously and was poised to clear the Senate with 30 of 31
senators supporting. Tripoli
Blast May Signal New Nato Tactic A blast in central Tripoli has been
attributed to a Nato strike – signalling a possible switch in tactics by the
forces trying to unseat Libyan leader Muammar Gaddafi. Why Is The Economy So Bad?
Millions of Americans have lost
their homes, tens of millions of Americans can’t find a decent job and 44
million Americans are on food stamps. Video: Illegal Dancing at the Jefferson Memorial Infowars.com | Appeals court
ruled national monuments are places for reflection and contemplation and
dancing is not permitted. Downgraded Typhoon Poised to Spread Fukushima Radiation Kurt
Nimmo | Synthetic resins poured on damaged reactors will not stop
radiation from entering the sea and air. Big Sis Pre-Crime System to Scan Americans For “Malintent”
Paul Joseph Watson US sorry for deadly Afghan air
strike ABC Online Afghan officials say up to 14 people, mostly
children, were killed in the air strike. (Reuters) Foreign forces in
Afghanistan have offered their "heartfelt apologies" for an air
strike that killed up to 14 ... NATO apologizes for Afghan civilian deaths ISAF apologises for Afghan civilian deaths http://news.yahoo.com Civilian casualties caused by ISAF and US Forces in the
War ... The War in
Afghanistan has caused the deaths of thousands of Afghan civilians directly
from NATO and ISAF military action.
Loughner
ruling creates trial obstacles
Treatment to restore mentally unfit defendants to competence can take
years or fail altogether. (Washington Post) [ Obstacles? I’d say so! In a
nation as america which sports a population of inherently mentally ill
realistically, if not reported, in excess of
90% by my estimation based upon realities (criminally insane, inherently
criminal included), I’d say that’s problematic indeed. I personally am with
Utah on this which does not allow the insanity defense (Montana, Idaho, joined
by a fourth, Kansas, in 1995). You do the crime (which still must be proven
beyond a reasonable doubt and intense scrutiny of scapegoating / set-ups, etc.
– hence, the clearest and undisputable scenarios as Loughner, Hinckley, etc.),
you’ll at least do the time. Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Court
nixes campaign-donation ban Federal judge rules law prohibiting direct
corporate contributions to candidates is unconstitutional. (Washington Post) [
This oligarchy / plutocracy of ours … no surprise there … one way or another,
they’re all getting’ bribed … worked well for the biggest frauds on wall
street, goldman et als … Roche 'The worst part of
it ...Obama, who vowed change, has done
almost nothing to fix any of it and in fact continues most of the policies that
helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) . Choose Your Hathaway: Berkshire or Anne Sizemore mnemonics’,
loosely speaking, are kind of like in a clichéd sort of way, that ‘double
edged sword that cuts both ways’ … you know, ‘Tom Sizemore’ … are you related?
] Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy, it’s never been higher. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
A
seismic shift in the defense industry Gone are the days of
“no-questions-asked funding requests.” Pentagon must now make do with less.
(Washington Post) [ I think there are many who’ll say they’ll believe it when
they really see it; and, beyond the off-budget-item chicanery. I’m certainly
one, and so is Davis: Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS
HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones |
U.S. intelligence is that bin Laden needs dialysis
every 3 days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Israeli
central banker to bid for IMF? (Washington Post) [ Dumb as they are by most
measures of same including the IMF’s mission and purpose, I doubt even they’d
be that self-destructively dumb in light of their destructive,
nation-bankrupting follies / adventurism in the Mideast for which they’re
already suspect in terms of foolishly, self-defeatingly pro-israeli
policy. Krauthammer:
What Obama did to Israel (Washington Post) [ The fundamental problem with
Mr. Krauthammer’s non-sequitor illogic is the manner in which war crimes nation
israel came by those land (war) and the numerous violations of u.n. resolutions
(ie., 242, 338, etc., and oslo accords, etc.), international, war crimes
(flotilla raid, etc.) since then. He thus becomes the journalistic equivalent
of what Pat Buchanan refers to as the ‘israeli amen corner’ in congress. If
only one could realistically ignore the detriment the world and america have
suffered as a direct consequence of this foreign policy bent … Top
Democrats criticize Obama’s Israel policy
(WP) [ What policy … to him, just words … more b***s*** . I’ve thus far
refrained from commenting on what I’ve anticipated to be ‘just more of the
same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes the
wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com
, historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." In 1948, U.S. Secretary of Defense James
Forrestal, an opponent of the creation of a Jewish state in Palestine, warned
that, even though failure to go along with the Zionists might cost President Truman
the states of New York, Pennsylvania, and California, it was about time that
somebody should pay some consideration to whether we might not lose the United
States. Israeli actions over the past 53 years involving U.S. interests in the
Middle East seriously challenge the "strategic asset" premise of the
Israeli lobby. Some of these actions are compiled in the list that follows: ’
] Netanyahu
lays out vision for Mideast peace (WP) [ Vision? Don’t make
me laugh! The guy’s blind; and a ward and provocateur at america’s substantial
cost and detriment. ]
Pakistani
military worried about infiltrators
(Washington Post) [ Yeah! In Pakistan and the rest of the Middle East
they’re realistically called americans / cia, etc.. After all, death and
destruction doesn’t play well in any nation, particularly when those doing the
raping, pillaging, and plundering can’t even manage their own national
affairs. 63
percent of people killed in Iraq war were civilians: report Xinhua | U.S.-led wars in Iraq and Afghanistan have been causing huge
civilian casualties Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones |
U.S. intelligence is that bin Laden needs dialysis
every 3 days / http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Russians
park billions abroad (Washington Post) [ If only Americans were that smart
in diversifying / hedging their investment risks:7
Market Hazard Signs Traders Have Been Ignoring at Minyanville / Erik Swarts May
27, 2011 ‘… stocks AAPL equity http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition1.jpg
King's wishes . The chart below shows the relative
disconnect ..should not be ignored or passed off as insignificant. ..http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition2.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition3.jpg
acceleration http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition4.jpg
YAHOO
[BRIEFING.COM] ‘…Pending home sales for April plummeted a much
sharper-than-expected 11.6%…’ Debased dollar, hyperinflationary realities
and expectations rallies stocks on the
bad news. Jobless
Claims Rise 10,000 First
Quarter GDP Stalls Nothing
New In GDP Update, U.S. Grew At 1.8% In Q1
[ Economic data bad and worse than expected … stocks rally on the worse
than expected news as suckers’ rally to keep the old suckers and get new
suckers sucked in. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. ]7
Market Hazard Signs Traders Have Been Ignoring at Minyanville / Erik Swarts May
27, 2011 ‘It's been said that the
market is hanging in there, but the market has a way of distracting your
attention from where it should be focused most. As a trader who
relies on the qualitative art form that is appraising market psychology, I have
been collecting some interesting anecdotes and observations from the field.
Specifically, traders seem to be ignoring some of the more readily apparent
hazard signals the market has been throwing off in the past month. risk stocks AAPL equity http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition1.jpg
King's wishes . The chart below shows the relative
disconnect over the past year. This chart should be qualified, in that yields
have been in a downtrend relative to the SPX for almost three decades. With
that said, the degree of yield erosion relative to the SPX over the past two
months should not be ignored or passed off as insignificant. http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition2.jpg
GDP http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition3.jpg
acceleration http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition4.jpg
agnostic trading approach . Editor's Note: This article was originally posted on Market Anthropology .’
Global
Stock Seasonality: Tout Le Monde Vendez en Mai Forbes / Sy Harding ‘When investors think of the stock market’s
annual seasonality, as expressed by the adage ‘Sell in May and Go Away,’ they
usually relate it to the U.S. market.In fact, the historical pattern of
stock markets making most of their gains in the winter months, and experiencing
most of their bear market declines and corrections in the unfavorable summer
months, is also common in global markets.Since investors have become much more
comfortable with investing in global markets in recent years, in fact have
poured money into emerging markets at a record pace, recognition that the
seasonal pattern is global is potentially of considerable importance,
especially this year.A 27-page academic study conducted at the Rotterdam School
of Management in the Netherlands and published in the American
Economic Review in 2002,
concluded, “Surprisingly we found this inherited wisdom of Sell in May
to be true in 36 of 37 developed and emerging markets. Evidence shows that in
the United Kingdom the seasonal effect has been noticeable since 1694. . . . A
trading strategy based on this anomaly would be highly profitable in many
countries. The average annual risk-adjusted outperformance ranges between 1.5%
and 8.9%, depending on the country being considered. The effect is robust over
time, economically significant, unlikely to be caused by data-mining, and not
related to taking excess risk.” Stock markets outside of the U.S. seem to be significantly in the lead
on the downside in this unfavorable season. For instance, the S&P 500 is
only 2% below its recent top on April 29, the last trading day of April
(potentially in keeping with the ‘Sell in May and Go Away’ rule to sell on May
1).However, in the rest of the world quite serious stock market corrections are
underway. The important markets of China (the world’s 2nd largest
economy), Japan (the world’s 3rd largest economy), Hong Kong, India,
Brazil, and Russia are already down an average of 12% from their recent peaks,
and have broken down through key support levels, including their long-term
200-day moving averages. Other important markets, including Mexico, Canada,
Britain, France, and South Korea have already broken down through key
intermediate-term support levels, including their 20-week moving averages.That
global markets are so far ahead of the U.S. market on the downside leads me to
believe they will become oversold first and perhaps be the first to bottom and
turn back up when the time to buy arrives again.Meanwhile, the studies of
seasonality point out that a seasonal investor outperforms the market over the
long-term (occasional years when it does not work notwithstanding), while being
at risk in the market only six months each year, and moving to cash for the
other six months.They do not take into consideration the additional gains the
seasonal investor can make in the unfavorable season in areas other than
cash.To name a few; bonds, gold, and currencies often move independent of the
direction of the stock market, and can rally when the stock market is in a
decline. And all are easy enough for investors to take advantage of via mutual
funds, and even more efficiently via ETFs (exchange-traded-funds).If seasonal
investors are fluent in market analysis, particularly technical analysis, which
can help define when an unfavorable season will not just be a ‘dead zone’ but
will probably see a substantial correction, significant gains can be made from
the downside even faster than from the previous rally period. That’s because
when the market goes down it tends to go down much faster than it went up,
often losing a year of previous gains in a matter of a few months.And holdings
are available to harness the power of such market declines, including ‘inverse’
mutual funds and ‘inverse’ ETFs, which are designed to move opposite to a particular
market or market sector.In my opinion then, the U.S. market has some catching
up to do on the downside, while selected global markets, considerably ahead of
the U.S. market on the downside, are liable to bottom first and provide the
earliest buying opportunities.In the interest of full disclosure, I and my
subscribers have some recent new positions in a bond ETF, a currency ETF, and
selected inverse ETFs against the U.S. market.’
End-of-Month
Window Dressing: Dave's Daily at TheStreet.com ‘ The U of
Michigan Consumer Sentiment Index was cherry-picked by bulls as the indicator
upon which to rally stocks Friday. But, frankly is it really a valid measure of
current consumer attitudes? I don't think so given it's weighted heavily by
stock prices and curiously by gasoline prices. With the latter, a one week ten
cent drop in prices hardly makes a trend. Some had the nerve to say consumers
were now getting accustomed to higher gas prices. How about you? Consumer Metrics Institute 's
opinion and conclusion is as follows:
http://www.thestreet.com/tsc/daves/052711/image002.jpg
"The
levitation effect provided by the Federal fiscal stimulus packages will begin
to wilt soon, as will Mr. Bernanke's monetary magic when QE-2 lapses in June.
At some point in time the GDP will revert to tracking the 70% of the economy
provided by consumer spending. When that happens, the glaring gap in the above
graph will close, and most likely with the upper line converging towards the
lower, rather than the other way around. We have said before that our consumers
seem to know that the headline recovery in the S&P 500 trading
S&P Stuck in a Rut - Why and Where Will it Break? Simon Maierhofer, On Thursday May 26, 2011 ‘This entire week
the S&P has been stuck in a rut. Aside from a few brief spikes outside its
trading range, the S&P has been sluggish and moved with the velocity of
molasses.
The
Memorial Day Lull
Part of the
reason is the upcoming Memorial Day weekend. Trading before the Memorial Day
weekend tends to be lackluster and uninspired, but come Tuesday (markets are
closed on Monday) volatility (Chicago Options: ^VIX) is likely to increase.The
holiday weekend is just part of the story though. There are other compelling
reasons why trade is so frustratingly sluggish.
Compelling
Reason to be Dull
The ETF Profit
Strategy Newsletter's technical forecast for the week ahead stated that: 'The
initial downside from the May 2 high may not be finished yet, but it appears to
be limited. If the lower trend line at 1,325 is broken, we are looking for
lower prices but are mindful that various support levels should keep downside
action contained.'The S&P dropped below the 9-month trend line support
first thing Monday morning, but didn't really go anywhere thereafter. Such a
trend line breach is usually significant, but it wasn't, at least not thus
far.The chart below shows why downside momentum didn't increase. The ETF Profit
Strategy Newsletter pointed out this month's and week's pivot support (s1 to be
precise) at 1,319 and 1,317. As you can see, the S&P has stuck to s1 like
gum to shoe.What are pivots, you may ask? Pivot points are determined as the
average of the previous sessions trading range combined with the closing price.
The numbers for support and resistance that are calculated indicate the
potential ranges for the next time frame based on the past weight of the
market's strength or weakness.Pivots are fractal and can be calculated for
various time frames. I usually pay attention to weekly and monthly pivots.http://www.etfguide.com//contributor/UserFiles/8/Image/article%20new%205%2026%2011.gif
The blue lines
in the chart illustrate the 20 and 50-hour simple moving averages (SMAs). Since
Wednesday, the S&P has been sandwiched between the two. As you can see,
there is plenty of technical reason for the current trading range.
Where
Will it Break?
Every trading
range ends eventually. Often such range bound churning and indecision precedes
significant moves and serves as a springboard. There is certainly a distinct
seasonal post-Memorial Day bias that supports this notion.Once this trading
range is broken, the focus moves on to the next support or resistance. Next
resistance to the up side is 1,325, a Fibonacci projection level. Look at the
chart and you will see how attempts to move beyond 1,325 were thwarted on
Wednesday and earlier today. A break above 1,325 would open the door to higher
prices.Fibonacci levels are powerful trading tools and should not be dismissed.
One important Fibonacci level the ETF Profit Strategy Newsletter isolated as
target and resistance in April was 1,369.The importance of this level was
confirmed on May 1, when the newsletter recommended shorting the S&P
against 1,369. The S&P topped the very next day at 1,370 and declined as
much as 50 points thereafter.The ETF Profit
Strategy Newsletter SPY News IVV News VOO News IVE News IVW News VOOV News VOOG News SDS News SSO News UPRO News SPXU News
The Week Ahead: Can Stocks Climb the Wall of Worry? Forbes / Tom
Aspray ‘Last week’s financial headlines may have caused many stock investors to
run for the exits, as there was very little to make one think that stocks could
move higher. Here is a sampling:
Demand For Durable Goods Falls the Most in 6
Months Countries Urged To Raise Rates Goldman Says Brent Will Hit $130 Revenue Slide Dents Banks’ Recovery Draghi Warns on Global Recovery Fears of Debt Contagion Return to Eurozone UK Lenders Face Rating Downgrade Steep Quarterly Drop For Home Prices
Despite the concerns over debt contagion, a double
dip in the economy, and slower growth in China, the US stock market was
surprisingly strong. The early-morning declines on Wednesday and Thursday were
met with good demand.
Therefore, even though the major averages made new
correction lows, the market had plenty of reasons to drop more sharply. For
most of the week, Tuesday’s headline from the Financial Times, “Investors
swept up in wave of bearishness,” said it all.
So even though the stock market was not as strong as
I had forecast last week, I am sure most were surprised that it closed higher.
Sentiment measures continue to get more negative, with only 25% bullish in a
recent AAII survey. This is the lowest reading since last summer.
Last week’s pending home sales dropped 11%—but new
home sales were stronger than expected, giving some home builders a boost. On
Tuesday, we get more housing data, as the S&P Case-Shiller price index will
be released along with consumer-confidence numbers.
Of course, this is another jobs week, with a
preliminary reading Wednesday from the ADP Employment Report, followed by
jobless claims Thursday and the monthly employment report on Friday. Also out
Wednesday is the ISM Manufacturing Index, with the ISM Non-Manufacturing
following on Friday.
As the headlines show, there are still plenty of
problems facing the Eurozone, and the Strauss-Kahn scandal has not helped—the
BRIC countries, among others, are not in favor of a new IMF head from the
Eurozone. Also, as my colleague Jim Jubak suggests, “Another
Quick Fix For Greece ” is likely.
Euro investors have also been moving away from risk,
as the yields on German debt have dropped 3%, matching similar yield declines
in both the UK and the US. Nevertheless, the DJ STOXX Europe 600 was able to
close the week well above the lows, as it tested strong support in the 272 to
274 area early in the week.
Commodity prices have bounced nicely from the
mid-month lows, and the strength in copper may be a sign that the economy is
really stronger than most expect. Crude oil has bounced from the recent lows,
but is now hitting first strong resistance. Technically, this rally looks as
though it will be followed by a further decline.
Page 2 of 3)
WHAT TO
WATCH
http://graphics.moneyshow.com/investing/Guru/Gurus052711_1_med.gif
S&P
500 Spyder Trust (SPY ) tested its downtrend (line a) on Friday, and still has
strong resistance at $135.36. A daily close above this level should confirm
that the correction is over. A test of the May 2 highs at $137.18, if not a
move to the $138.50 area, is still a distinct possibility.
The low for SPY at $131.38 is now the critical level,
with the daily uptrend (line c) now at $130.50. If this level is violated, the
April lows are at $129.51 (line b).
The S&P 500 A/D line has turned up, and is very
close to breaking its downtrend. It did make new highs in May, and is still
well above long term support (line d).
Dow
Industrials Diamonds Trust (DIA ) also appears to have completed a short-term bottom,
but is slightly lagging the SPY. DIA has just filled the gap from last Monday’s
opening. There is still a strong band of resistance in the $126.50 to $127.50
area.
The support level to watch now for DIA is $122.80,
while the April low and major support follows at $120.65.
Dow
Transportations
A close above 5,500 is needed to complete the
correction and signal a rally to new highs in the 5,650 to 5,700 area.
If one of the other major averages is able to exceed
the May highs, and the Transports fail to make a new high, it would be a
warning sign.
Nasdaq-100 PowerShares QQQ Trust (QQQ ) to lead the market on the next rally, but it has
continued to lag. It will now take a much stronger rally for QQQ to take over
leadership.
The first hurdle is the resistance in the $58.50 area
with major at $59.34 area.
The down gap last Monday violated the support in the
$57 area as QQQ hit a low of $56.47 which weakened the short term outlook.
There is now important support below $56.
Russell
2000 Shares Russell 2000 Trust (IWM ) has concerned me for several months, and last week it
dropped below the April lows. This is a further sign of weakness, and as I
noted several weeks ago the A/D line on the Russell 2000 failed to make a new
high with prices in April.
The rebound in IWM is likely to fail in the $85 to
$85.50 area, even if the SPY makes new highs. Therefore, the current rally
should be used as an opportunity to move out of both small and mid-cap stocks.
Once below the recent lows at $80.76, the next major
support is in the $77.50 to $78 area.
NEXT: Sector Focus
Here’s
Why Pending Home Sales Plummeted in April Wall St. Cheat Sheet May 27, 2011 ‘ According to the National Association of Realtors , The Pending Home Sales
Index (PHSI) , a forward-looking indicator, dropped 11.6 percent to 81.9 in
April, down from 92.6 in March. The number is down 26.5 percent from a peak
111.5 in April 2010 when buyers were rushing to meet the deadline for the home
buyer tax credit.This data reflects contracts, but not closings, which usually
don’t occur until a month or two after contracts are signed.The news hasn’t
done much for real estate stocks (NYSE:IYR ), down 0.06% today, but might be responsible for
the 0.86% hike in home builders stocks (NYSE:XHB ).While the PHSI in the Northeast actually rose
1.7% to 64.5 in April, it is still 33.4% below its figure for this time last
year. PHSI in the Midwest is down 10.4% to 74.1, down 30.2% from April 2010.
Pending home sales in the South dropped the most at a decline of 17.2% in
April, 27% below a year ago. Still, the PHSI for the South is 91.3,
significantly higher than that of other regions. In the West the index declined
8.9% to 89.1 and is 16.9% below April 2010 figures…’
Investing
in Precious Metals: Is Gold Worth Dying For? Wall St. Cheat Sheet May 27, 2011 ‘NYSE:GLD ) and silver (NYSE:SLV ) took a breather as the Dow (NYSE:DIA ) and S&P 500 (NYSE:SPY ) closed slightly higher. The markets seem
somewhat confused as the Greek debt crisis lingers on. In times of
uncertainty, investors often turn to gold as a place of refuge. However,
just how expensive is it to really obtain gold? Some gold miners (GLDX)
may find out the hard way.The medical condition known as silicosis could be a
potential problem for some gold miners. Silicosis is the scarring of the
lungs caused by extended exposure to the dust found in South African mines.
These mines are now run by companies such as Harmony Gold Mining (NYSE:HMY ), Gold Fields Ltd. (NYSE:GFI ), and AngloGold Ashanti Ltd. (NYSE:AU ). These miners are now facing coming
lawsuits. HMY fell the hardest on the day, closing 3.57% lower.While the
total number of claims and size of judgements are nearly impossible to estimate
at this time, RBC Capital Markets claims the liability of mining companies
could reach as high as $100 billion. RBC reached this estimate by
assuming there are 300k claimants, each suing for at least 2 million rand.
The Constitutional Court said workers who qualified for state benefits
for occupational related disease, could also receive additional compensation
from their former mining employers.Gold Fields Ltd (NYSE:GFI ) CEO Nicholas Holland said, “It’s
speculative at this stage to assume that there’s going to be a huge number of
suits or whether in fact those suits will even be successful.” Another
miner, Anglo American , is already involved in a silicosis suit that dates back
to 2004, and involves 18 miners (4 of the 18 have already died). The mines
today employ about 160k people, according to the Chamber of Mines.Investors
willing to overlook the lawsuits may want to consider the following ETFs and
stocks: iShares Silver Trust (NYSE:SLV ), PowerShares DB Silver Fund (NYSE:DBS ), ProShares Ultra Silver (NYSE:AGQ ), First Majestic Silver Corp. (NYSE:AG ), SPDR Gold Trust (NYSE:GLD ), Market Vectors Etf Trust (NYSE:GDX ), or Barrick Gold Corporation (NYSE:ABX ).Investors who are bearish in precious metals, or
simply looking for a hedge, may find the following stocks, ETFs, and ETNs
interesting: ProShares UltraShort Silver (NYSE:ZSL ), PowerShares DB Gold Short ETN (NYSE:DGZ ), or PowerShares DB Gold Double Short ETN (NYSE:DZZ ).For more analysis and guidance in the white hot
precious metals sector, consider
a free 14-day trial to our acclaimed Gold & Silver Investment Newsletter. ’
Entitlements:
4 Things You Must Know Now – with Gerri Willis Wall St. Cheat
Sheet May 27, 2011 ‘Entitlements have
become a big issue now that the
US has a major debt problem and a record number of boomers are expected to
retire in the coming years. I caught up with Fox Business anchor Gerri Willis
to get a Cheat Sheet for the hot button entitlement issue:
Damien
Hoffman: Gerri, what are entitlements?
Gerri Willis:
Simply put, entitlements are government payouts. Normally we think of Social
Security, Medicare and Medicaid when we say entitlement. Most Americans feel
that getting benefits from these programs is a right because they’ve paid into
them. Corporate America is on the federal dole, too, at times, most recently
when banks (NYSE:XLF ) and auto companies such as General Motors (NYSE:GM ) were bailed out during the financial crisis.
Currently,
Congress is debating how to fix the overspending in Social Security, Medicare
and Medicaid. The problem with these programs is that they’ve morphed from
temporary or short-term safety nets into permanent floors that people rely on.
As a result, the costs of these programs is swamping the
federal budget .
Damien: How
much are we spending on entitlements?
Gerri:
Entitlement spending is the vast majority of our federal
budget and growing every year. This year alone spending on Social Security,
Medicare and Medicaid will account for 57 percent of all federal outlays, and
the spending level is 5.4 percent higher than last year.
Damien: Can we
continue to support those three programs at this level?
Social
Security, Medicare and Medicaid are in big trouble. Social Security will run
out of money in 2036; Medicare in 2024. Already both programs are running a
deficit right now. Social Security has a deficit of $46 billion and Medicare
has $80 billion in red ink.
Damien: Gerri,
in your opinion, what do you think future legislation dealing with this issue
will look like?
Gerri: I
believe we’re going to have to wait awhile for reform. Congress has always been
wary of the third rail of politics and with elections approaching in 2012, they
are wary of tackling anything as controversial as entitlement reform right now.
However, there does seem to be some consensus building for change. Many folks
seem to agree that the age that Social Security recipients receive benefits
should be moved higher, others say that Medicare shouldn’t be available to the
very wealthy or that their benefits should be scaled back in some way. Even
implementing both of those ideas won’t fix the problems we are facing; however,
a more dramatic change is needed to avoid pushing our country into a more
desperate financial crisis.
FOX Business Network wraps up “Entitlement Nation: Makers
vs. Takers” on Friday, May 27th, 2010.
Don’t Miss: CHART
OF THE DAY: Watch the US Debt Set a 60 Year Record . ‘
EVERYTHING
RISES AND THE DIP IS BEING BOUGHT: Here's What You Need To Know Business
Insider Joe
Weisenthal May
27, 2011 ‘ The week has clearly ended on a positive note, although we've
now seen four straight weeks of declines.
But first, the
scoreboard:
Dow: +37.20
And now, the
top stories:
Really, it was super quiet and nothing happened.
Probably the most notable thing was that China declined hard again , and has now fallen 11% from
its recent high.
In the very early going, there was a little bit
of excitement when Belgian lender Dexia was halted, but ultimately it
didn't turn out to be much.
In the US, spending data came in a little light,
but it didn't matter. The dip is being bought, and stocks are higher
again. Big day for everything that wasn't the dollar.
Global
Economic Rebound Weakens on Quake, Oil Price, European Debt Crisis Bloomberg
| World economy has entered a softer patch with the incoming growth data mostly
disappointing.
Marc Faber:
Prepare for Another War Jonathan Chen | From 2002-2008,
Greenspan and Bernanke have created massive bubbles.
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
The Economic Collapse | We are still in the middle of a
full-blown economic crisis and things are about to get even worse.
Second
Biggest Weekly Drop Ever In Treasurys Held In The Fed’s Custodial Account As
Foreigners Dump There was one truly interesting observation in this week’s
Fed balance sheet update: not that the actual balance sheet hit a new all time
record (which it did at $2.779 trillion), or that the Fed added another $24
billion in Treasurys to its balance sheet, or that total reserves hit a new all
time record, increasing by $53 billion to $1.59 trillion. China Gold
Imports to Surge: Report Chinese demand for gold bars and coins as private
investments could push bullion imports above 400 tonnes in 2011, leading global
consultancy GFMS said on Friday. U.S. dollar could
‘collapse’: UN The United Nations warned on Wednesday of a possible crisis
of confidence in, and even a “collapse” of, the U.S. dollar if its value
against other currencies continued to decline. The
Shocking DRINK And Incredible History Of COKE Subliminal Advertising Looking
for a new way to publicize your product? Have you considered implanting
suggestions in your current advertising that link your product to sex and
power? [ Come on! In updating my skills / knowledge base, included were my
psychology studies which currently all but dismiss as but ‘folklore’ the effectiveness,
if even existent, of such subliminal advertising (you might even wonder about
the Rorshach factor in interpreters of same); though blatent propaganda in its
various forms still remains marginally effective (unless you think about it …
rugged athletes, the guy with the babe, parties, etc… Riiiiight! The cola did
it!). I drink coca cola, pepsi cola, royal crown cola, generic cola, etc., and
in no way attach a ‘sexual / power advantage’ to drinking same. After all,
there are healthier things to drink ( …
Amid
health fears, Diet Coke sweetener in safety spotlight An artificial sweetener used in Diet Coke is
to undergo an urgent EU safety review…)
For me, it’s all about the fizz, the caffeine, and then the taste. ] Competing
plans on job growth Obama and Congressional Republicans hope to cut the
cost of doing business for U.S. firms.
White
House wants to simplify rules (Washington Post) [ Plans? Is that it? Costs?
For the foreseeable future that counts, the logical conclusion will invariably
be, based on costs and prior misguided decisions (you still remember Perot),
ship them overseas, outsource, outsource, outsource … even Apple does that in a
big way while still getting premium prices (as if made is usa). No … you can’t
unring the bell on their ill-fated, but collectively culpable missteps. But,
this plan of theirs, my recollection is that’s what they’ve been purportedly
doing for the last several election cycles spanning well over a decade. Oh,
riiiiight! It’s that time of the season again … election time. Despite the
rhetoric and spin, the scenario remains dismal … the grim economic reality [ http://albertpeia.com/grimreality.htm Jobless
Claims Rise 10,000 First
Quarter GDP Stalls Nothing
New In GDP Update, U.S. Grew At 1.8% In Q1
[ Economic data bad and worse than expected … stocks rally on the worse
than expected news 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Poll:
For Obama, low marks on Afghan war (WP) Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. ]
Ex-Nasdaq
exec pleads guilty to fraud (Washington Post) [ Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) . Choose Your Hathaway: Berkshire or Anne Sizemore mnemonics’, loosely
speaking, are kind of like in a clichéd sort of way, that ‘double edged
sword that cuts both ways’ … you know, ‘Tom Sizemore’ … are you related? ] Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy, it’s never been higher. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away!
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over The
Economic Collapse
If you listen
to Ben Bernanke, Barack Obama and the mainstream media long enough, and if you
didn’t know any better, you might be tempted to think that the economic crisis
is long gone and that we are in the midst of a burgeoning economic
recovery. Unfortunately, the truth is that the economic crisis is far
from over. In 2010, more homes were repossessed than ever before, more
Americans were on food stamps than ever before and a smaller percentage of
American men had jobs than ever before. The reality is that the United
States is an economic basket case and all of these natural disasters certainly
are not helping things. The Federal Reserve has been printing gigantic
piles of money and the U.S. government has been borrowing and spending cash at
a dizzying pace in an all-out effort to stabilize things. They have succeeded
for the moment, but our long-term economic problems are worse then ever.
We are still in the middle of a full-blown economic crisis and things are about
to get even worse.
If you know
someone that is foolish enough to believe that the economic crisis is over and
that our economic problems are behind us, just ask that person the following
questions….
#1 During the 23 months of the “Obama recovery”, an
average of about 23,000
jobs a month have been created. It takes somewhere in the
neighborhood of 150,000 jobs a month just to keep up with population
growth. So shouldn’t we hold off a bit before we declare the economic
crisis to be over?
#2 During the “recession”, somewhere between 6.3
million and 7.5 million jobs were lost. During the “Obama recovery”,
approximately 535,000 jobs have been added. When will the rest of the
jobs finally come back?
#3 Of the 535,000 jobs that have been created during
the “Obama recovery”, only
about 35,000 of them are permanent full-time jobs. Today, “low income jobs”
account for 41 percent of all jobs in the United
States. If our economy is recovering, then why can’t it produce large numbers
of good jobs that will enable people to provide for their families?
#4 Agricultural commodities have been absolutely
soaring this decade. The combined price of cotton, wheat, gasoline and
hogs is
now more than 3 times higher than it was back in 2002. So how in the
world can the Federal Reserve claim that inflation has been at minimal levels
all this time?
#5 Back in 2008, banks had a total of 27 billion
dollars in excess reserves at the Fed. Today, banks have a total of
approximately 1.5 trillion dollars in excess reserves at the Fed. So what
is going to happen when all of this money eventually hits the economy?….
#6 If the U.S. economy is recovering, then why are
shipments by U.S. factories still substantially
below 2008 levels?
#7 Why are imports of goods from overseas growing much
more rapidly than shipments of goods from U.S. factories?
#8 According to Zillow, the average price of a home in
the U.S. is about 8 percent lower than it was a year ago and that it continues
to fall about 1 percent a month. During the first quarter of 2011, home values
declined at the fastest rate since late
2008 . So can we really talk about a “recovery” when the real
estate crisis continues to get worse?
#9 According to a shocking new survey, 54
percent of Americans believe that a housing recovery is “unlikely” until at
least 2014. So how is the housing industry supposed to improve if so many
people are convinced that it will not?
#10 The latest GDP numbers out of Japan are a complete
and total disaster. During the first quarter GDP declined by
a stunning 3.7 percent . Of course I have been saying for months that the
Japanese economy is collapsing, but most mainstream economists were
absolutely stunned by the latest figures. So will the rest of the world
be able to avoid slipping into a recession as well?
#11
Next week, Republicans in the House of Representatives are going to allow a
vote on raising the debt ceiling. Everyone knows that this is an
opportunity for Republican lawmakers to “look tough” to their constituents (the
vast majority of which do not want the debt ceiling raised ). Everyone
also knows that eventually the Republicans are almost certainly going to cave
on the debt ceiling after minimal concessions by the Democrats. The truth
is that neither “establishment Republicans” nor “establishment Democrats” are
actually serious about significantly cutting government debt. So why do
we need all of this political theater?
#12
Why are so many of our once great manufacturing cities being transformed into hellholes ? In the city of Detroit
today, there are over 33,000 abandoned houses, 70 schools are being permanently
closed down, the mayor wants to bulldoze one-fourth of the city and you can
literally buy a house for one dollar in the worst areas.
#13
According to one new survey, about
half of all Baby Boomers fear that when they retire they are going to end
up living in poverty. So who is going to take care of them all when the
money runs out?
#14
According to the U.S. Bureau of Labor Statistics, an average of about 5 million
Americans were being hired every single month during 2006. Today, an
average of
about 3.5 million Americans are being hired every single month. So
why are our politicians talking about “economic recovery” instead of “the
collapse of the economy ” when hiring remains about 50 percent below normal?
#15
Since August, 2
million more Americans have left the labor force. But the entire
period from August to today was supposed to have been a time of economic growth
and recovery. So why are so many Americans giving up on looking for a
job?
#16
According to Gallup , 41 percent
of Americans believed that the economy was “getting better” at this time last
year. Today, that number is at just 27 percent. Are Americans losing faith in the U.S. economy?
#17
According to the U.S. Census, the number of children living in poverty has gone
up by about 2 million in just the
past 2 years, and one out of every
four American children is currently on food stamps. During this same
time period, Barack Obama and Ben Bernanke have told us over and over that the
U.S. economy has been getting better. So what is the truth?
#18
America has become absolutely addicted to government money. 59 percent of all Americans now receive
money from the federal government in one form or another. U.S. households are
now receiving more income from the U.S. government than
they are paying to the government in taxes . Americans hate having their
taxes raised and they hate having their government benefits cut. So is
there any hope that this will ever be turned around before disaster strikes?
#19
The combined debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae)
has increased from 3.2 trillion in 2008 to 6.4 trillion in 2011 . How in the
world is the U.S. government going to be able to afford to guarantee all of
that debt on top of everything else?
#20
If the U.S. national debt (more than 14 trillion dollars) was reduced to a
stack of 5 dollar bills, it
would reach three quarters of the way to the moon . The U.S.
government borrows about 168 million dollars every single hour. If Bill
Gates gave every penny of his fortune to the U.S. government, it would only
cover the U.S. budget deficit for 15 days. So how in the world can our
politicians tell us that everything is going to be okay?
CIA
team to scrub bin Laden compound
EXCLUSIVE | Pakistan has agreed to let a forensics team in to use
sophisticated equipment to look for clues related to al-Qaeda in walls or
underground, a sign of cooperation between the two spy services. (Washington
Post) [ ‘To look for clues?’ Don’t make me laugh! How ‘bout to ‘plant clues’
consistent with their alternate ‘reality’(catapulting the propaganda, again and
now again, and really soaking the story) ; which of course is propagandized
fiction: | U.S. intelligence is that bin
Laden needs dialysis every 3 days / http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones
FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ex-Justice official .. accused his
former employer of instructing attorneys in the civil rights division to ignore
cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Krauthammer:
What Obama did to Israel (Washington Post) [ The fundamental problem with
Mr. Krauthammer’s non-sequitor illogic is the manner in which war crimes nation
israel came by those lands (war) and the numerous violations of u.n.
resolutions (ie., 242, 338, etc., and oslo accords, etc.), international law,
illegal nukes, war crimes (flotilla raid, etc.) since then. He thus becomes the
journalistic equivalent of what Pat Buchanan refers to as the ‘israeli amen
corner’ in congress. If only one could realistically ignore the detriment the
world and america have suffered as a direct consequence of this foreign policy
bent … Top
Democrats criticize Obama’s Israel policy
Now the president — whom critics often accuse of employing a
play-it-safe governing style in which he waits for others to take the lead — is
largely isolated politically in raising the issue of 1967 boundaries.
(Washington Post) [ What policy … to him, just words … more b***s*** . I’ve
thus far refrained from commenting on what I’ve anticipated to be ‘just more of
the same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes
the wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com
, historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." In 1948, U.S. Secretary of Defense James
Forrestal, an opponent of the creation of a Jewish state in Palestine, warned
that, even though failure to go along with the Zionists might cost President
Truman the states of New York, Pennsylvania, and California, it was about time
that somebody should pay some consideration to whether we might not lose the
United States. Israeli actions over the past 53 years involving U.S. interests
in the Middle East seriously challenge the "strategic asset" premise
of the Israeli lobby. Some of these actions are compiled in the list that
follows: …’ ] Netanyahu
lays out vision for Mideast peace (Washington Post) [
Vision? Don’t make me laugh! The guy’s blind; and a ward and provocateur at
america’s substantial cost and detriment. ]
Harold
Camping reaffirms October date for the end of the world, says May 21 date was
'invisible judgment day' (The Washington Post) [ I comment here not owing
to the importance of the latest ‘prediction’ by camping who’s probably ‘been
camping’ too long in the nether reaches of the atmosphere (affects the brain,
‘neural firing’ in a negative fashion); but to allay public concerns, and
particularly for those suffering from generalized anxiety disorder, to subtract
one life circumstance from their unrealistic worry; and, because I had
previously commented as set forth infra. No! The world will not be ending on October
21, 2011 or any other date as set forth by camping. Indeed, God needs no
mathematics, formulae, or codes to surreptitiously convey the end; his hand
ultimately unmistakably known to all. You’ll know it when you see it. As for
camping, let’s play umpires and predict the future; strike three, he’s out. Harold
Camping: the heart of the doomsday frenzy (Los Angeles Times) The last-minute
rapture reading list (Los Angeles Times) [Drudgereport: Preacher made same prediction
in 1994... Doomsday church thriving,
worth $72 million... [Previous: ‘End
of Days’ message rolls into D.C.
(Washington Post) The
potentially rotten news that the world will end on May 21 arrived plastered on
a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan
calendar, Nostradamus thing … I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if intellectually
honest, the position of ‘agnostic’. I can totally understand and even empathize
with the view of the agnostic. After all, at this point, there seems to be ‘no
rhyme nor reason’ at all. But, think binary, positives / negatives. Just too
many negatives. Think ‘capital punishment’. No, the world’s not going to end in
2012 as some fear. Rather, think slow burn; decades at best; then ‘poof’. In
the scheme of things, this world’s just not that important (apes, notochordates, and
initially single celled organisms). ]
Choose Your Hathaway: Berkshire or Anne Sizemore mnemonics’, loosely speaking, are kind of
like in a clichéd sort of way, that ‘double edged sword that cuts both
ways’ … you know, ‘Tom Sizemore’ … are you related? ] We’ve always admired
Berkshire Hathaway (BRK-A) Chairman Warren Buffett. He is, after all, the
most successful investor in history and a legend in his own time. Mr. Buffett’s
annual reports are fountains of investment wisdom that should be required
reading in business The Dark Knight Rises , as the
Catwoman. Berkshire Hathaway shareholders had better hope that her performance
generates its share of press. Their investment returns might depend on it.Yes,
dear readers, you read that correctly. As ridiculous as it might sound, the
price of Berkshire Hathaway’s (BRK-B) shares move in tandem with Ms. Hathway’s
film career. Consider what the Financial Times had to say on the matter:
Anne Hathaway is young, beautiful and excels in soppy romantic
comedies. But while her puppy-dog-eyes bring tears to multiplexes worldwide,
her performances are now being watched in a less familiar quarter: Wall Street.
Bride
Wars was also a good day for Berkshire stock computers investors invest ‘Dancing
With the Stars’: Season 12 ‘Idol’
names winner in record vote Goodbye Oprah (Washington Post) [ I must admit, never
having seen even one of the foregoing shows, the ‘dry heaves / nausea’ factor
at even the thought of same may seem, in light of their popularity, less than
fair or objective. The truth is that more probable is the ‘deamericanization
factor’ that I and I believe the rest of the world is experiencing. I usually
don’t comment on entertainment matters; but, a sign of the times is
noteworthy. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Washington
area’s Asian population booms (Washington Post) [ This seems to foreshadow
that almost mythical, legendary, prospective ‘long march’ so heralded in
Chinese lore (at least the military’s) regarding the final conquest of
pervasively corrupt, defacto bankrupt, and rapidly declining america. I’d say
they’re watching ever more closely the ever more worthless american paper
they’re holding. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones |
U.S. intelligence is that bin Laden needs dialysis
every 3 days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Why
we read Palin’s tell-all The
underlying interest says something more primal than simply our fascination with
Mama Grizzly. (Washington Post) [ I’d say it’s more of a curious fascination
with the ‘new american dumb’. After all, who can deny the boost she got from
SNL’s Tina Fey’s impresarios highlighting same. Yet, in comparison with and
juxtaposed to the rest of the Washington field (mccain, bush, wobama, et als),
she’s got plenty of cover / camouflage.
Send to a friendSarah Palin: Don't pick on Donald Trump Politico - Even
though Donald Trump has wholeheartedly embraced the wall-to-wall media coverage
that's come with his promotion of the widely discredited “birther” issue, Sarah
Palin argued Tuesday that the press is treating him ... Trump's business success claims questioned CBS News ‘…Trump hotels and casinos in Atlantic City have
filed for bankruptcy protection three times. While Trump blamed market forces,
he has long been chairman of the board for the casino businesses.In his
defense, Trump said he "didn't run the company." Isikoff then asked
why he was paid $2 million per year to chair the board of that business. Trump
replied: "Excuse me. Because I'm a genius, okay."Trump said many
different businesses license the use of his name, but he's not directly
involved in their operations.Casinos have not been the only weakness in the
Trump empire. There have been many high profile bankruptcy filings, bad real
estate deals, and a trail of ongoing lawsuits accusing him of bad business
practices.Another questionable move was "Trump University," an
online, for-profit business education firm. The attorney general in Texas
ordered him to stop using the word "university" in its title. Trump
said his company was unaware of restrictions on the use of that word.Isikoff
also said he asked Trump if he thought the state of Hawaii was lying in regards
to Obama being born there, and he did not answer the question. In summation of
his experiences that qualify him to be President of the United States, Trump
told Isikoff: "My successes...have been vast. I don't even view myself as
having failures, and I certainly learned from things that don't work out as
well." ‘ As Trump rants, TV ratings slide Tampabay.com Parker:
The GOP plays a crazy Trump card (Washington Post) [ I don't know what polls
Ms. Parker's referring to; but unless she's referring to mobster trump
apprentice news (trump was fired from his own casino company), that certainly
doesn't comport with polls I've read. Moreover, like palin, trump's the joke
that keeps on giving (for SNL, late-night talk hosts, etc.) ...’ ]
Allan Sloan A Wall Street money maven suggests buying
stocks of some large-capitalization U.S. multinational firms. (Washington Post)
[ Sorry Mr. Sloan. Your usual right-on perspicuity is a bit off here; certainly
in terms of time. That was the strategy in light of the dollar debasement which, along with continued fraud among
other manipulations, has created a
stock-price bubble almost of unprecedented magnitude (infra). The best advice
now comports with that old adage: ‘Sell in May and go away’. This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. 2) Professor Shiller at
Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16 . 3) The failure of the
financial sector to keep up is a significant
negative divergence for the entire market. 4)
Key market leaders are rolling over in price... ‘
Global
Economy Dying on the Vine Nyaradi
‘The global economy seems to be dying on the vine as more news of
economic slowdown pours in every day. The U.S. stock market and ETFs continue
to react negatively to deteriorating economic news even as the Federal Reserve
bought $6 Billion in their POMO operations yesterday.The DJIA, S&P 500 and
NASDAQ are all below their 50 Day Moving Averages while the NASDAQ has also
dropped below its 100 Day Moving Average.The NASDAQ and DJIA are now on Point
and Figure “Sell” signals, having experienced a Bearish Catapult Breakdown at
Tuesday’s close and now has a price target of 12,050.
http://static.seekingalpha.com/uploads/2011/5/25/saupload_djiapf052411.png stockcharts.com ,
click to enlarge
… Richmond Federal
Reserve reported a severe drop in activity in the region as the report actually
contracted to -6 from a +10 in April. China’s Purchasing Manager’s Index
declined, Japan is back in recession and Belgium, one of the core countries in the
eurozone was issued a credit downgrade warning by the Fitch ratings agency.
Spain’s bond premium to the benchmark German Bund is back to January’s levels
and Greek 10 Year Bonds are a whopping 17% which is clearly unsustainable.
Closer to home, Vice President Biden continues to work with Congress towards
what they’re labeling a $1 Trillion down payment to avert a government shutdown
in August and the Illinois State Treasurer says his state is on the “verge of
financial disaster.” …’ ]
Geithner:
‘Dark forces’ working against overhaul (Washington Post) [ Yeah! And, this
was so from the date of ‘tiny tim geithner’s’ appointment, along with other
insiders. . Barack
Obama: The Naked Emperor Shocking but true revelations from David Icke (a must
read) | ‘…He has been covertly
funded and supported ever since by the Trilateral Commission and its network of
foundations connecting into the Ford Foundation, for whom Obama's mother
worked... Does anyone really believe that someone, a 'man of the people', would
simply appear from apparently nowhere to run the slickest and best-funded presidential
campaign in American history? He was chosen long ago by those who wish to
enslave the very people that Obama says he wants to 'set free'. The sources of
Obama funding .. - Goldman, UBS, Citi, Credit Suisse, Deutsche, J.P. Morgan
Chase, Morgan Stanley, etc. No wonder he went back on his pledge to accept the
limitations of public funding … Obama is just more of the same, a big smile
with strings attached, and controlled completely by those that chose him,
trained him, sold him and provided his record funding, kept his many skeletons
under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from
affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp,
who is alleged to claim that someone claiming to represent me called asking for
$100,000, to keep me from coming forward about our (Obama and I) November 1999
encounter of sex and cocaine use?), ... Obama is just another Banksters' moll
prostituting himself .., and that's why he supported the grotesque bail-out of
the banking system and why he will always put their interests before the
people. His financial advisors are straight from the Wall Street 'A' list, …
Zionist Tim Geithner (Bilderberg Group, Trilateral Commission, Council on
Foreign Relations), was appointed Treasury Secretary, a former employee of both
the Council on Foreign Relations and the appalling Kissinger Associates.
Obama's Treasury team locks into the inner circle around the Zionist Robert
Rubin, Citi, Council on Foreign Relations, and economic advisor to Obama.
Rubin, ..Illuminati Bilderberg Group, the man behind Citi's debacle.. rescued
by taxpayers' money. The very people who caused the financial crisis ..
appointed by Obama .. CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ): ‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport: USA
HITS DEBT CEILING... TREASURY
RAIDS PENSIONS... PUTIN
DECIDES TO RETAKE PRESIDENCY GALLUP:
Romney, Palin Lead GOP Field for 2012... In
Obama's Hometown, Romney Criticizes Econ Policies... Sends
Left-Over Pizza to Obama HQ... Will
formally announce run on June 2... 'PATRIOT
ACT' CLEARS CONGRESS -- WILL BE SIGNED INTO LAW BY A
MACHINE... 60
DAYS: GOP senators press Obama on war powers... Pile
of American debt -- would stretch beyond stratosphere! House
members' stock market success suspect... Congressional
bonuses handed out during budget crisis... Loughner
removed from courtroom after outburst... Found too american to stand trial... Gold,
silver coins to be legal currency in Utah... DAY
3: MORE TWISTERS... At
least 14 more killed... VIDEO... Fresh Twisters Touch Down... At
least 7 more killed... Death
toll reaches 124 in Joplin; Deadliest in half century.. 1,500 Reported Missing... TORNADO
SWARMS DEADLIEST IN MORE THAN HALF CENTURY HEARTLAND DEVASTATION... 116
dead, nearly 500 twister deaths this year... VIDEO... PHOTOS... AUDIO
TERROR: 'I LOVE YOU ALL'... 'I'm
alive!' text message saves man's life... 1,500
rescuers work through pouring rain... Threats of more to come... Looting
in Minneapolis... State
Treasurer Warns Bond Houses Against Further Loans to Illinois... NYT:
'Is Anti-White Bias a Problem?'
[ … In what
some have called the new post-racial era, what constitutes discrimination is
shifting. The landmark Supreme Court case, Ricci
v. DeStefano , for example, ruled that white firefighters suffered
discrimination when their employer threw out a promotional exam because none of
the African-American firefighters who took the test qualified for promotion
…’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]UPDATE:
$24B in bailout paid to contractors who owe millions in taxes... Palestinians:
netanayahu Speech is 'declaration of war'... SUPREME
COURT ORDERS CA TO RELEASE UP TO 46,000 PRISONERS... 'Terrible things are sure to happen'... JERRY
BROWN: 'Let's raise taxes!!!' FEDS
SPEND MILLIONS STUDYING SHRIMP ON TREADMILLS?? 'GELATIN WRESTLING' IN
ANTARCTICA?? Zuckerberg
Shock: 'Only meat I'm eating is from animals I've killed myself'... "The only meat
I'm eating is from animals I've killed myself," says the Facebook founder
and CEO. It's an odd
dietary direction for the 27-year-old Internet billionaire, but since he has
taken to killing goats, pigs and chickens, "I'm eating a lot healthier
foods. And I've learned a lot about sustainable farming and raising of
animals," he says. "It's easy to take the food we eat for granted
when we can eat good things every day." Zuckerberg's new goal came to
light, not surprisingly, on Facebook. On May 4, Zuckerberg posted a note to the
847 friends on his private page: "I just killed a pig and a goat."’
Global
Economy Dying on the Vine Nyaradi ‘The global economy seems to be dying on the vine as more news of
economic slowdown pours in every day. The U.S. stock market and ETFs continue
to react negatively to deteriorating economic news even as the Federal Reserve
bought $6 Billion in their POMO operations yesterday.The DJIA, S&P 500 and
NASDAQ are all below their 50 Day Moving Averages while the NASDAQ has also
dropped below its 100 Day Moving Average.The NASDAQ and DJIA are now on Point
and Figure “Sell” signals, having experienced a Bearish Catapult Breakdown at
Tuesday’s close and now has a price target of 12,050.
http://static.seekingalpha.com/uploads/2011/5/25/saupload_djiapf052411.png stockcharts.com ,
click to enlarge
Yesterday’s
economic reports gave the stock market a quick boost at the open when new home
sales came in at +7.3% and an annualized rate of 323,000/year which still is at
severely depressed levels. But then, the Richmond Federal Reserve reported a
severe drop in activity in the region as the report actually contracted to -6
from a +10 in April. China’s Purchasing Manager’s Index declined, Japan is back
in recession and Belgium, one of the core countries in the eurozone was issued
a credit downgrade warning by the Fitch ratings agency. Spain’s bond premium to
the benchmark German Bund is back to January’s levels and Greek 10 Year Bonds
are a whopping 17% which is clearly unsustainable. Closer to home, Vice
President Biden continues to work with Congress towards what they’re labeling a
$1 Trillion down payment to avert a government shutdown in August and the
Illinois State Treasurer says his state is on the “verge of financial
disaster.” …’
Is the U.S. Worse
Off Than Europe? Maierhofer ‘… Deception and naive reporting are as
intertwined with the evolution of European dept woes as Feta cheese is to Greek
culinary culture. Rarely has this become more obvious than now. Luxembourg's Prime Minister didn't beat around the
bush: 'When it becomes serious, you have to lie.' You be the judge whether it
is more 'honorable' to omit, deceive, obstruct, misconstrue, or lie (purposely
or unintentionally). There are plenty of examples so we can make an educated
decision.You shouldn't throw stones if you are sitting in a glass house. This
is the case with the United States. The administration has engaged in all kinds
of maneuvers and financial alchemy to obstruct the truth and prevent free
market forces from expressing themselves. QE2 is the most famous example. Mr.
Bernanke is caught in his very own web of financial engineering side effects.
Preaching on one hand that QE2 was supposed to inflate assets and create a
wealth effect but denying that QE2 has caused wide spread food and energy
inflation. Another example is the 'adjustment' of accounting rule 157, demanded
and sanctioned by Congress. The 'new and improved' rule 157 allows banks
(NYSEArca: KBE ) and financial institutions (NYSEArca: XLF ) to omit hundreds of billions of toxic assets in an off
balance sheet bucket that doesn't affect earnings results …’
The
S&P 500's Lost Decade Short
‘Here is a new update of a chart that illustrates the total return performance
of the S&P 500 since the Tech Bubble closing high on March 24, 2000. The
chart shows the value of $1000 invested in the index, including dividends, but
excluding any taxes or fees, as of May 20th. I've also included the real value
using the Consumer Price Index for the inflation adjustment. http://static.seekingalpha.com/uploads/2011/5/25/saupload_sp500_total_20return_on_1000_invested_in_2000_thumb1.png
Click
for a larger image I calculated on the returns based on the daily price and
daily dividends interpolated from the quarterly dividends as reported by
Standard & Poor's. Thus the $1,070 nominal and $809 real values are the
hypothetical returns excluding any taxes or fees. For the sake of comparison
and to validate the calculation method, we can compare the nominal return in
the chart above to Vanguard's 500 Index Investor Fund (VFINX ), which has had a return
of $1,057. Over the same timeframe The SPY ETF has returned $1,044.We're now
over eleven years beyond the S&P 500 2000 high. This little charting
exercise gives credence to the frequent reference to a "lost decade"
for investors. It also offers support for the wisdom of diversification across
asset classes.’
This is an especially great opportunity to
sell / take profits while you still can since there's much worse to come!
Remember: ‘Sell in May and go away! ‘ … El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws
in the financial system will not be addressed, the government will keep on
printing money, and that the inflation-adjusted return on investments for most
Americans will be negative. Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. 2) Professor Shiller at
Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16 . 3) The failure of the
financial sector to keep up is a significant
negative divergence for the entire market. 4)
Key market leaders are rolling over in price... ‘
Top
Democrats criticize Obama’s Israel policy
Now the president — whom critics often accuse of employing a
play-it-safe governing style in which he waits for others to take the lead — is
largely isolated politically in raising the issue of 1967 boundaries.
(Washington Post) [ What policy … to him, just words … more b***s*** . I’ve
thus far refrained from commenting on what I’ve anticipated to be ‘just more of
the same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes
the wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com
, historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." In 1948, U.S. Secretary of Defense James
Forrestal, an opponent of the creation of a Jewish state in Palestine, warned
that, even though failure to go along with the Zionists might cost President
Truman the states of New York, Pennsylvania, and California, it was about time
that somebody should pay some consideration to whether we might not lose the
United States. Israeli actions over the past 53 years involving U.S. interests
in the Middle East seriously challenge the "strategic asset" premise
of the Israeli lobby. Some of these actions are compiled in the list that
follows: …’ ] Netanyahu
lays out vision for Mideast peace (Washington Post) [
Vision? Don’t make me laugh! The guy’s blind; and a ward and provocateur at
america’s substantial cost and detriment. ]
Poll:
More fear U.S. debt than default
Whether or not Congress raises the debt limit, majority of Americans are
worried about the consequences. (Washington Post) [ How ‘bout all of the above! “Both
Parties And The White House Are Advocating A US Default” Zero Hedge
| David Stockman, one of the few voices of fiscal prudence, debated US
insolvency.
David
Stockman: “Both Parties And The White House Are Advocating A US Default” Last
week David Stockman was on Tom Keene, making the usual media rounds (sometimes
we marvel at his patience and endurance), as one of the few voices of fiscal
prudence available to TV producers who seek to hold a balanced debate on the
topic of US insolvency.
Stop Raising the Debt
Ceiling Ron Paul | When our creditors finally wise up and
cut us off, we will be forced to face economic realities whether we want to or
not. Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out Market Downturn Approaching; Go Long the Ultra Shorts? White ‘ This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Remember: ‘Sell
in May and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in accounting
rules for the financial sector by FASB has generated massive “false” account
profits beginning in 2009…’
Market Downturn Approaching; Go Long the Ultra Shorts? White ‘It is time to worry about a market downturn. There
has been almost consistently bad economic news reported in the U.S. in the last
week. Following is a brief list (mostly from Yahoo Finance‘s Economic Calendar)
of troubling news:
The Trade Balance for March was worse than
expected at -$48.20B vs. an expected -$47.00B (the previous month’s was
-$45.40B). Pundits are speculating that this will result in a lowering of
the Q1 GDP estimate, which is due out May 26. The Mississippi Flood is the worst in a
century-- this alone will depress the Q2 GDP. Shipping down the
Mississippi has slowed (or sometimes stopped). Huge numbers of casinos
have closed. Farms and towns have been flooded. The PPI missed at 0.80% vs. an expected 0.60%.
The Core PPI missed at 0.30% vs. an expected 0.20%. Also, the continued
large spread between the CPI and PPI numbers means that many companies are
eating a good part of the quickly increasing input costs. This should hurt
margins going forward. Retail Sales (MoM) missed at +0.50% vs. an
expected +0.60%. Some good news Friday had the Michigan Consumer
Sentiment Index beat at 72.40 vs. an expected 70.00. The NY Empire State Manufacturing Index missed
at 11.90 vs. an expected 19.60. The TIC Net Long-Term Transactions missed at
$24.00B vs. an expected $57.70B. The NAHB Housing Market Index missed at 16 vs.
an expected 17. Housing Starts missed at 0.52M vs. an expected
0.57M. Building Permits missed at 0.55M vs. an expected
0.59M. The Capacity Utilization Rate missed at 76.90%
vs. an expected 77.70%. Industrial Production (MoM) missed at 0.00% vs.
an expected +0.50%. Several blue chip companies such as Cisco (CSCO )
and Hewlett Packard (HPQ ) gave very weak guidance going
forward, as though they are expecting a soft spot in the economy. The Fed Minutes indicated that they had considered
ending QE2 before its stated end, but decided to proceed since it was so
close to the end. The Fed also talked about how to withdraw stimulus.
There seemed to be no serious consideration of a QE3. There are only a few
crumbs left of the manna of the market hypers (QE2). Congress has allowed the debt ceiling to be
exceeded. Geithner is now borrowing from Peter to pay Paul, and August 2nd
is the day that he says this must stop. The Republicans are using the
threat of a default as leverage to get concessions on many of the spending
cuts they want. They will get spending cuts, which means tightening!
Tightening tends to push the equities markets down. Hopefully the U.S.
will not default. The USD has been rallying. The above mentioned
tightening should help the USD rally. If the USD continues to strengthen,
that could cause an unwind of the USD carry trade. This would translate
into selling of equities and commodities. A stronger USD would mean
commodity prices would likely fall. The Initial Jobless Claims were 409K vs. an
expected 420K, but the previous week‘s number was revised upward to 438K.
While it was pleasant to see a beat for a change, the overall trend is
still bad. The 409K means the total increase in Initial Jobless Claims in
the four weeks since the end of the last Nonfarm Payrolls surveys’ data
period has been 159K. Additionally, the 68K jobs from the one-time
McDonald’s (MCD ) hiring spree that padded the last
Nonfarm Payrolls report will not be there to prop up the next report on
the first Friday of June. This means that the next report will be shy a
total of 227K jobs. The Nonfarm Payrolls number is likely to be a big
disappointment. Existing Home Sales dipped in April to 5.05M vs.
an expected 5.22M and a previous 5.10M. The Philadelphia Fed Manufacturing Index missed
terribly at 3.90 vs. an expected 20.00 and a previous 18.50. This is truly
ominous when combined with the terrible NY Empire State Manufacturing
Index miss (see above). The Leading Indicators for April missed at -0.3%
vs. an expected 0.0%…’
In
Libya, robbery funds the revolution
Cash-strapped rebels resort to an unorthodox tactic — a bank robbery
— to help fund fight against Gaddafi
(Washington Post) [ Ah! Right!
The americanization of the revolution … robbery in any form is something that america
knows a lot about … Some have already talked about this theft as being a prime
reason for this conflict: NATO
in Libya: Besides the Oil, Is It Also a Gold Robbery? The IMF data show
Libya’s reserves to be 4.6 million ounces, a figure of nearly 144 tons. At
current market prices the value is over $6bn. Financial
Heist of the Century: Confiscating Libya’s Sovereign Wealth Funds (SWF) The
objective of the war against Libya is not just its oil reserves (now estimated
at 60 billion barrels), which are the greatest in Africa and whose extraction
costs are among the lowest in the world, nor the natural gas reserves of which
are estimated at about 1,500 billion cubic meters. Libya:
All About Oil, or All About Banking? I have never before heard of a central
bank being created in just a matter of weeks out of a popular uprising. This
suggests we have a bit more than a rag tag bunch of rebels running around and
that there are some pretty sophisticated influences. Libyan
War Gets Weird: Defending the Indefensible Even those who have studied for
years the criminal consolidation of this planet under the global
corporate-financier oligarchy may be noticing that the war in Libya is turning
into something new and unprecedented. French,
British leaders meet about Libya
(Washington Post) [ Wow! Talk about sounding like a plan
... and all this time we thought they already had done that. After all, they
must conserve their resources; you know, that war-prone nato alliance comprised
of members almost to a nation defacto bankrupt, striving to emulate 'lead war
nation' america's defacto bankrupt status.
] The countries struggled Wednesday to come up with new
tactics to topple Moammar Gaddafi without resorting to further Western military
intervention. Libya:
Increased Airstrikes, Ground Troops, Contractors, Civilians Killed, Deadly DU
Munitions – Can We Call This A War Yet? The globalist
coalition refers to it as ‘kinetic military action’, yet as more civilians are
killed in NATO bombings, and with experts adamant that deadly Depleted Uranium
weapons are being used by Western forces, the conflict in Libya looks a hell of
a lot like the occupations of Afghanistan and Iraq all over again.
‘Depleted uranium’s
toxic legacy to poison Libya for 40 years’ Military experts
are accusing coalition forces in Libya of using depleted uranium in their air
strikes. The deadly substance can cause cancer and physical mutations in those
who come into close contact with it. 63
percent of people killed in Iraq war were civilians: report Xinhua | U.S.-led wars in Iraq and Afghanistan have been causing huge
civilian casualties . ]
GOP
rejecting ‘root-canal economics’
The debate about the impact of immediate budget cuts on a fragile
economy is at the core of a showdown over how and when to trim the deficit.
While Republicans say a swift spending cut doesn’t have to be painful, many
economists warn it comes at a cost. (Washington Post) [ Economists? You mean the ones who helped get us here in the
first place, including ‘no-recession-helicopter-ben-b.s.-bernanke’? Root
canals? So what! That’s what novacaine’s for … This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Remember: ‘Sell
in May and go away! ‘ … El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws
in the financial system will not be addressed, the government will keep on
printing money, and that the inflation-adjusted return on investments for most
Americans will be negative. Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. 2) Professor Shiller at
Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16 . 3) The failure of the
financial sector to keep up is a significant
negative divergence for the entire market. 4)
Key market leaders are rolling over in price... ‘
Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
This is an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Remember: ‘Sell in May
and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png
1Q
bank profits up, revenue down
Profits in the first quarter were the best in four years, but the
industry isn’t back on its feet yet. (Washington Post) [ ‘Simple trick’ that you’re paying for
whether you like it or not … ie., Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money—‘ … America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in accounting
rules for the financial sector by FASB has generated massive “false” account
profits beginning in 2009…’
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered
by the purveyors of global unrest; viz., israel, america, Orwellian england,
etc..; more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black defendants
and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Agents
irked by plan to keep Mueller
(Washington Post) [ ‘abide by ..
tenure limits’ ? I’m more concerned with, and it’s fundamentally more important
from the perspective of the FBI’s ‘mission and purpose’, that meaningful law be
abided by regarding the following:
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would apply and I would absent
resolution seek to refer the within to a firm with expertise in that area of
the law with which I am not familiar) .
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
·
A judgment had been
entered in my favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of
$300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
·
Counsel Robert Sullivan
on my behalf documented by way of certification upon investigation that Alan
Shiff, USBCJ, had falsely stated a dismissal upon which false statement he
predicated a retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
·
The Order of
Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s
failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page 1 Page 2 ]
·
Defendant Coan had
filed an action against me to prevent me from suing him which necessitated me
to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny,
Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a
case under Title 11, USC, etc.) . [ http://albertpeia.com/crossexamofcoanbypeia.pdf ]
·
Newly appointed
judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case
despite the conflict of interest in light of hundreds of thousands of dollars
of illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard herself
and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to
join or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the RICO
defendants as his primary client.
·
Probative and
evidentiary documents, affidavits, exhibits, including those turned over to FBI
Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney
Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in
Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month thereafter
upon inquiry I was told that Jonathon Lacey was no longer with the office, that
the file/documents could not be located, and that there was no further
information available concerning contacting him or his location. I thereupon
delivered by hand, copies of said documents to the office of then U.S. Attorney
Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case
he had brought, bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met outside of
court the judge Ackerman through a client) was absolute bedlam and a total joke
since incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had beds/cots
in the courtroom along with their moans during testimony and had the jury in
stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3rd circuit, despite the absence of judicial experience
or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is
the same Sam Alito that now sits on the purported highest court in the land.
The real application of the illegal rule ‘don’t ask, don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
Fight
over feral alley cats divides feline lovers (Washington Post) [ My love of cats, big and small, is no
mystery; but indeed is beyond the scope of this comment. I’ve had and loved
neutered (not by my decision / action) as well as my most recent ‘macho’ (non-neutered)
cat ( I just couldn’t bring myself to ‘cutting his b***s off’ as advised by a
girl I was seeing at the time … kind of a ‘golden rule’ thing … and knowing
‘he’d never forgive me’ … his loss to me, part of the RICO scenario, though not
part of my damages, is among the forever unforgivable parts of what occurred
therein). As for ‘taking a position’, as a noumenon, I question the premise of
any life at all in a meaningful sense in Washington d.c.; and hence, not the
best comparison for setting policy. Unlike dogs, you will not see cats
attacking and killing babies, etc.. So, I conclude that in such dire
circumstances (d.c.) where a trade-up is beneficial, such seems, though
rightfully exceptional, a sometimes favorable course, if the only choice; which
assumes procreation and continued growth of the species is not impinged upon.
Therefore, this argues for un-neutered moves to better environs. ]
This is an especially great opportunity to
sell / take profits while you still can since there's much worse to come!
Remember: ‘Sell in May and go away! ‘ … El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws
in the financial system will not be addressed, the government will keep on
printing money, and that the inflation-adjusted return on investments for most
Americans will be negative. Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16 . 3) The failure of the financial
sector to keep up is a
significant negative divergence for the entire market. 4) Key market leaders are
rolling over in price... ‘ Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
This is an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Remember: ‘Sell in May
and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009…’
Treasury
to tap pensions to fund government (WP) 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
This manipulated bubble rally in this secular bear market
based on b*** s*** alone is an especially great opportunity to sell / take
profits while you can since there's much worse to come! Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including
China, Brazil, India and Hong Kong, have been in fairly significant corrections
since November, down between 12% and 17%. Their major concerns have been rising
inflation and the resulting monetary tightening by their central banks to
combat the inflationary pressures...So was this week’s stumble the beginning of
a more serious correction? The events and reports this week did provide more
evidence that the stock market may be ahead of reality regarding prospects for
the economy, and therefore corporate earnings, going forward, which should at
least limit the market’s upside potential. Limited upside potential equals more
downside risk? It might be wise to lighten up some into strength that may develop
over the next few days during the ‘monthly strength period.’ ] Wall Street rejoices in an unexpected
drop in jobless claims. Violent
spring looming in Afghanistan (Washington Post) [ See … something to look
forward to … must be that good news that keeps getting pushed back … and spring
no less … everything blooming, or in war criminal american-speak … ‘booming’ …
but not the defacto bankrupt american economy for which a crash is ‘looming’.
Could somebody help me out with a translation of gates’ speech a west point … I
must be missing something … Lt. Gen. John Kelly, who lost son to war,
says U.S. largely unaware of sacrifice Six NATO troops killed in Afghanistan … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military
Academy at West Point, Gates's message was clear: The US military services, as
well as the elected and appointed civilians who send them to war, need better
ways of foreseeing and preparing for ...
Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ]
] American military officials
expect that the Taliban will mount a campaign to regain ground lost to U.S.
troops last year and use suicide bombing teams to strike at those associated
with the Afghan government or coalition forces.
Public
pension shortfalls could reach $1.5T (Washington Post) [ First, I think
this is a low-ball estimate since it may assume some of the wildeyed
assumptions beyond those being discounted in this figure. Then there’s social
(in)security. Next, there’s the private pension shortfalls, particularly in the
defined benefit plans. Most importantly is the defacto bankruptcy of the nation
and the insurmountable debt / debt service attendant thereto. In sum, without exaggeration
it really is quite a bad picture here beyond the paper fraud / froth frenzy on
fraudulent wall street which of course
has and still remains a significant part of the problem. Prosecution, fines,
disgorgement, well deserved of the frauds on wall street could significantly
help lessen the shortfalls. ] The pension funds for state and local workers are
understating the amount they will owe workers by $1.5T or more, according to
some economists who have studied the issue, meaning that the benefits are much
costlier than many governments thought. Krauthammer:
Converts
to the Bush Doctrine (Washington Post) [ ‘bush doctrine’? What’s that?
Moronics(http://albertpeia.com/bushisms.htm )
, imbecility, war crimes (http://albertpeia.com/evilonthetarmac.htm
), etc.? Dumbya bush has been nothing less than a one-man wrecking crew,
domestically and internationally and ‘wobama the b’(for b*** s***) has followed
suit. Where do they get the likes of krauthammer on the right, Milbank on the
left, etc.. Wake up! ] U.S. prepares for possible rise of new
Islamist regimes Revolutions
may bring a more religious cast to Mideast politics Egypt,
Serbia, Georgia… The History of US Sponsored “Democratization” There is a
Russian proverb: only a fool learns from his own mistakes. As Georgia’s foreign
minister visits his Egyptian counterpart, there are lessons for Egypt in
similar revolutions in eastern Europe and the ex-Soviet Union. ] Recent
developments have alarmed some who fear that the governments taking shape will
inevitably undercut democratic reforms.
This manipulated bubble rally in this secular bear market
based on b*** s*** alone is an especially great opportunity to sell / take
profits while you can since there's much worse to come!
Looking Like A Good Time To Sell Into Strength - Harding ‘Many
important global stock markets, including China, Brazil, India and Hong Kong,
have been in fairly significant corrections since November, down between 12%
and 17%. Their major concerns have been rising inflation and the resulting
monetary tightening by their central banks to combat the inflationary
pressures...So was this week’s stumble the beginning of a more serious
correction? The events and reports this week did provide more evidence that the
stock market may be ahead of reality regarding prospects for the economy, and
therefore corporate earnings, going forward, which should at least limit the
market’s upside potential. Limited upside potential equals more downside risk?
It might be wise to lighten up some into strength that may develop over the
next few days during the ‘monthly strength period.’
Commerce Data Shows Personal Incomes Rising but Few Americans
Believe It [ Yeah, they don’t
believe it because it’s not true. Scandal scarred commerce department of
pervasively corrupt, defacto bankrupt, and very desperate america? Come on,
give us all a break. ] Zielinski Egypt,
Serbia, Georgia… The History of US Sponsored “Democratization” There is a
Russian proverb: only a fool learns from his own mistakes. As Georgia’s foreign
minister visits his Egyptian counterpart, there are lessons for Egypt in
similar revolutions in eastern Europe and the ex-Soviet Union. The
TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation
(Washington Post) [Wobama says daffy gaddafi’s time is up, got to go. The
same can be said of wobama et als and his fraudulently failed presidency. Sheen On Obama:
“A Coward In a Cheap Suit” [ I
think Sheen to be too gentle in his criticism of wobama (Some might
reflexively, defensively allege drugs (prescription or otherwise) or any number
of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a
total fraud having been elected under false pretenses; viz., his total,
unequivocal, and unfulfilled b*** s*** (those campaign promises) ! Moreover,
there has been some persuasive documentation questioning wobama’s citizenship /
birthplace placing his eligibility to even hold the office of president in
question. Drudgereport: UPDATE:
Huckabee claims Obama grew up in Kenya... The Obama Corsi Rezko was corrupt, and supported Obama in many campaigns as well
as in Obama buying his home -- and therefore, according to Corsi , Obama
is corrupt by ...www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild
interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little
time in confronting President Barack Obama on his failure to answer Sheen’s
twenty questions concerning 9/11, calling Obama, “a coward in a cheap
suit.” A Government Shut-down Imperils the Power of Congress Paul
Craig Roberts | Congress could try to protect its loss of the power of
the purse by impeaching Obama.
Drudgereport: WOBAMA
'IMPEACHMENT' WARNING... ...to
announce exploratory committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States. Public
confidence in Obama reaches new low
(Washington Post). Six in 10 Americans lack faith in Obama and hold
lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to typify scenarios as this where
you break every significant campaign
promise that got you elected, from endless war (ie., Afghanistan, etc.) to not
prosecuting the frauds on wall street, and the growing realization of
‘typical’: Public
confidence in Obama reaches new low
(Washington Post) Six in 10 Americans lack faith in Obama and hold lower
esteem for members of Congress, according to the latest Washington Post-ABC
News poll. Such stats as this tend to typify scenarios as this where you break
every significant campaign promise that
got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting
the frauds on wall street, and the growing realization of ‘typical’: But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason: The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ): While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker, along with the dems. This well
researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the
view. [ The
Obama Deception Number 1 on U.S. Google Trends ]‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines. In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Cohen: Time
for Arabs to reject anti-semitism (Washington Post) [ Reality check … time
for israelis / jews to reject zionism and all that is entailed therein,
including an alternate reality that defies credulity, rationality, and facts;
such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition
and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was
not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc.
(the list is endless inasmuch as when facts are not on their side, such
specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient
subterfuge distracting from their weak position; ie., illegal nukes, war
crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international
law. At best, no … God did not give them this land … at worst, God took the
land back when they with roman muscle crucified Christ. Balfour was an
arbitrary, incompetent, british joke.).
] ] Article | Tuesday will be known as the day we heard from The
Receiving End of Charlie Sheen's Scorched Earth Media Tour. Lt. Gen. John Kelly, who lost son to war,
says U.S. largely unaware of sacrifice Six NATO troops killed in Afghanistan … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military
Academy at West Point, Gates's message was clear: The US military services, as
well as the elected and appointed civilians who send them to war, need better
ways of foreseeing and preparing for ...
Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ]
Bernanke:
Fed will respond if oil prices trigger inflation (Washington Post) [ If?
Come on … don’t make me laugh! … Inflation
Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! (see infra) … Merk ‘…While we believe food inflation
will be with us for quite some time and may contribute to an unstable world
possibly for years to come, the Federal Reserve appears to be firmly in the
camp of heavily discounting food inflation. The European Central Bank (ECB), in
contrast, has historically taken commodity inflation more seriously than the
Fed – ECB President Trichet talks about his concern over "second round
effects," i.e., commodity inflation stirring inflation throughout the
value chain.
The relevance of all this is that in the U.S. it’s
business as usual as far as monetary policy is concerned. According to Fed
Chair Bernanke, the U.S. economy must grow at a rate of at least 2.5% per annum
just to keep unemployment stable, however, he has made it clear that he will
pursue policies to boost growth above that level. With oil prices soaring, he
is facing yet another headwind. Rather than mopping up the liquidity that, in
our assessment, has contributed to global commodity inflation, he may be
tempted to keep the printing press in high gear to promote economic growth.
It doesn’t really matter whether we think there is a
crisis. What matters is that the Fed doesn’t think its policies are
contributing to global instability and continues on its expansionary path…’
Gerald
Celente: “There is no recovery — it’s a coverup!” Sic Semper
Tyrannis | Celente argues the oil prices have been going up before the
recent chaos in the Middle East. ‘…One other point brought out by Gerald
Celente is the fact that the current puppet regime in the White House is
“cooking the books” on the unemployment numbers and current inflation rates.
They are making their own rules on how to determine inflation rates by leaving
out essential information such as food and fuel prices. The same is being done
with White House unemployment numbers by simply leaving out those who have
given up looking for jobs, as well as other deceptive “carnie” tricks (in
reference to White House spokesperson Carnie) in which he compares the
administration to a traveling carnival act.
In closing,
Celente states:
“… There is no recovery, it’s a coverup. It’s only
being boosted by these low interest rates, which again, when inflation
skyrockets- they’re gonna have to raise them …‘
Jim
Rogers: “Saudi Arabia Is Lying About Being Able To Increase Its Oil Production”
Jim Rogers joins Zero Hedge in being highly skeptical about just how
credible Saudi’s call for a 1MM + boost in its oil supply is: “Saudi Arabia has
been lying about the reserves for decades. Saudi Arabia the last two times said
they are going to increase production and they couldn’t increase production.
Don’t fall for that. ] Federal Reserve chairman says he does not
expect a major impact on consumer prices. House
Republicans press SEC on official's ties to Madoff (Washington Post) [ The
ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence …
yet he’s in jail … and the only one … Boy, did mary shapiro become total b***
s*** fast … the current shibboleth of
capital hill / all 3 branches of pervasively corrupt u.s. government …
joining the others: “The
Financial Industry Has Become So Politically Powerful That It Is Able To
Inhibit the Normal Process of Justice And Law Enforcement” The economy
cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem
determined to turn a blind eye to Wall Street shenanigans, and is now moving to
defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell ,
MarketWatch SAN LUIS OBISPO, Calif.
(MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff,
get rich…’
‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity for
jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside
Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To
Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
]
House Republicans ramp up pressure on SEC Chairman Mary Schapiro.
[ (2-26-11
et seq) Let me state for the record here that my computer has been under
constant viral, hack attack, paralleling prior such foolish, paranoid actions and
let me reiterate: They will be sorry and I won’t forget it! ]
Christian minorities minister assassinated 2 U.S. airmen killed, 2 hurt in
shooting near Frankfurt airport (Post, March
2, 2011); Most U.S. aid to Pakistan
hasn't gotten there yet (Post, March 2, 2011); Clinton: U.S. losing global
public-relations battle - to 'Baywatch' and wrestling (Post, March
2, 2011 Well, I don’t know about baywatch and wrestling, but reality beyond
false propaganda will do it every time) ] Shahbaz
Bhatti is gunned down in the second killing this year of a liberal, senior
government official who had spoken out against the nation's stringent blasphemy
laws.Karzai
condemns deadly NATO airstrike (Washington Post) [ Well, for pervasively
corrupt, defacto bankrupt america, it’s just another of many war crimes. They
just role out the propaganda machine that no one is buying anymore. Yet, can
you believe your eyes and ears here: Six NATO troops killed in Afghanistan … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military Academy
at West Point, Gates's message was clear: The US military services, as well as
the elected and appointed civilians who send them to war, need better ways of
foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ] A NATO airstrike that Afghan officials
said killed nine children collecting firewood in eastern Afghanistan beccomes
the latest irritant in the tense relationship between President Hamid Karzai
and the international force in the country.
Government
cracks down on employment scams
(Washington Post) [ Yet leave the
biggest, most deleterious scam / fraud unprosecuted. What total b*** s***! House
Republicans press SEC on official's ties to Madoff (Washington Post) [ The
ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence …
yet he’s in jail … and the only one … Boy, did mary shapiro become total b***
s*** fast … the current shibboleth of
capital hill / all 3 branches of pervasively corrupt u.s. government …
joining the others: “The
Financial Industry Has Become So Politically Powerful That It Is Able To
Inhibit the Normal Process of Justice And Law Enforcement” The economy
cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem
determined to turn a blind eye to Wall Street shenanigans, and is now moving to
defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell ,
MarketWatch SAN LUIS OBISPO, Calif.
(MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff,
get rich…’
‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity for
jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. )
(see this film, I strongly recommend the complete documentary – the following
is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside
Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To
Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
]
House Republicans ramp up pressure on SEC Chairman Mary Schapiro. ] FTC says companies promised to help people find work but instead
took their money. Oil
soars to more than $100 a barrel on Libyan unrest (Washington Post) [ When
you factor in reality, the worst is yet to come … Gerald
Celente: “There is no recovery — it’s a coverup!” Sic Semper
Tyrannis | Celente argues the oil prices have been going up before the
recent chaos in the Middle East. ‘…One other point brought out by Gerald
Celente is the fact that the current puppet regime in the White House is
“cooking the books” on the unemployment numbers and current inflation rates.
They are making their own rules on how to determine inflation rates by leaving
out essential information such as food and fuel prices. The same is being done
with White House unemployment numbers by simply leaving out those who have
given up looking for jobs, as well as other deceptive “carnie” tricks (in
reference to White House spokesperson Carnie) in which he compares the administration
to a traveling carnival act.
In closing,
Celente states:
“… There is no recovery, it’s a coverup. It’s only
being boosted by these low interest rates, which again, when inflation
skyrockets- they’re gonna have to raise them …‘
Jim
Rogers: “Saudi Arabia Is Lying About Being Able To Increase Its Oil Production”
Jim Rogers joins Zero Hedge in being highly skeptical about just how
credible Saudi’s call for a 1MM + boost in its oil supply is: “Saudi Arabia has
been lying about the reserves for decades. Saudi Arabia the last two times said
they are going to increase production and they couldn’t increase production.
Don’t fall for that. ] Federal Reserve chairman says he does not
expect a major impact on consumer prices.
Inflation
Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! ‘The
Economic Collapse March 2, 2011 Despite what Federal Reserve Chairman Ben
Bernanke says, rampant inflation is officially here. The federal
government is constantly monkeying with the numbers to keep the “official” rate
of inflation below 2 percent, but it is becoming very difficult to deny that
the cost of almost everything is really going up these days. The American
people are not stupid. They notice the difference when they go to the
grocery store or stop at the gas station. The dollar is losing value
rapidly now. The price of gold set another new all-time record today and
is currently hovering just above $1430 an ounce. The price of West Texas
crude has moved above 100 dollars several times recently and the price of Brent
crude is currently above 116 dollars. These higher oil prices are really
starting to be felt in the United States. The average price for a gallon
of gasoline in the United States has now reached $3.38 .
There are some gas stations in the U.S. where the price of a gallon of gas is
already over 4 dollars. But it is not just the American people that are
feeling the pain. The global price of food recently hit a new record high
and almost every major agricultural commodity has absolutely skyrocketed in
price over the past 12 months. Meanwhile, Ben Bernanke just told the
Senate Banking Committee that he really isn’t concerned about inflation at all.
When it comes
to inflation, the key is not to look at the official U.S. government numbers
(they are highly manipulated) or how the U.S. dollar is performing against
other major currencies (because they are all being devalued as well).
Instead, you can get a truer sense of what is really happening to inflation by
looking at what the U.S. dollar is doing against precious metals, commodities
and other hard assets.
So are we
experiencing rampant inflation right now? Well, just open up your eyes
and look at these 5 charts….
1 – The
price of oil is racing back up to record levels. The chart below from the
Federal Reserve is a couple weeks out of date. As noted above, the
current price of West Texas crude is about $100 a barrel….[chart]
2 – The
price of a gallon of gasoline in the United States seems destined to hit a
brand new all-time record at some point this year. Was it really just a
few short years ago when the average price of gas in this country was about a
dollar a gallon?…. [chart]
3 – The
value of most precious metals is very consistent over time. So when you
see precious metals go up dramatically in price, it means that the dollar is being
devalued. The price of gold just set another new all-time high and it
seems destined to keep going even higher….[chart]
4 – The
chart below from the Federal Reserve is a measure of the price of all
commodities. These price increases are inevitably going to be passed
along to consumers in the United States….[chart]
5 – After
a couple of years of stable food price, the price of food is starting to take
off yet again….[chart]
In fact, many
analysts are warning that we could experience a major food crisis over the next
couple of years. The global demand for food continues to grow at a very
brisk pace, but all of the crazy weather we have been having around the world
has caused some very bad harvests.’
Oil
surges after Libya airstrike near oil terminal Reuters |
Fresh airstrikes hit Brega, about 1.2 miles from a Libyan oil terminal.
] Fighting
near oil ports in Libya fuels market anxiety. Pump prices have reached $3.39 a
gallon.Fed
report shows gains in U.S. economy, moderate growth (Washington Post) [
Come on! What do you expect them to say … they lie about everything … and at what cost in insurmountable debt,
debt service and defacto bankruptcy of the nation. En route to losing near 8 million jobs, before and during the
melt-down, if you recall (I do, and reported here on my site) jersey (that says
it all) based adp was pulling job numbers out of their a***s, ‘surprising’ to
the upside as now, although I would concede some contract work with money
defacto bankrupt america doesn’t have may have provided a lesser number. How
can you believe anything they say? Drudgereport: Announced Job Cuts 'Rose 20%
From Year Ago'... more of
things to come Idaho county files for
bankruptcy... ] Job market shows progress, as do sectors
such as retail and tourism. Metal News for the Day
Grant ‘…With the Fed now buying
70% of Treasury's debt issuance, one has to wonder who will step in to fill the
void when the Fed finally does implement their so-called "exit strategy."
PIMCO's Bill Gross poses the question plain and simple in his most
recent Investment Outlook : Who will buy Treasuries when the Fed doesn’t?
Certainly nobody is going to completely fill the massive void in the debt
market left by a retreating Fed at the current yields. Yields will have to rise
once the Fed's faux demand is gone and yields start to once again accurately
reflect risk and that will threaten the recovery. So you see the dilemma. Our
own Jonathan Kosares discussed this very topic in the lead article of our December Newsletter .
People began to speculate about QE3 shortly after QE2 was announced and such
market chatter is ongoing and even intensifying. In a recent
Barron's interview , MacroMavens' Stephanie Pomboy says she doesn't believe
the recovery is sustainable at all. Her recommendation? Buy
Treasuries...clearly she thinks the Fed is going to remain a buyer and can be
front-run...oh, and buy gold …’ The
TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation
(Washington Post) [Wobama says daffy gaddafi’s time is up, got to go. The
same can be said of wobama et als and his fraudulently failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some
might reflexively, defensively allege drugs (prescription or otherwise) or any
number of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a
total fraud having been elected under false pretenses; viz., his total,
unequivocal, and unfulfilled b*** s*** (those campaign promises) ! Moreover,
there has been some persuasive documentation questioning wobama’s citizenship /
birthplace placing his eligibility to even hold the office of president in
question. Drudgereport: UPDATE: Huckabee claims
Obama grew up in Kenya... The Obama Corsi
Rezko was corrupt, and supported Obama in many campaigns as well as in
Obama buying his home -- and therefore, according to Corsi , Obama
is corrupt by ...www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild
interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little
time in confronting President Barack Obama on his failure to answer Sheen’s
twenty questions concerning 9/11, calling Obama, “a coward in a cheap
suit.” A Government Shut-down Imperils the Power of Congress Paul
Craig Roberts | Congress could try to protect its loss of the power of
the purse by impeaching Obama.
Drudgereport: WOBAMA 'IMPEACHMENT'
WARNING... ...to announce exploratory
committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States. Public
confidence in Obama reaches new low
(Washington Post). Six in 10 Americans lack faith in Obama and hold
lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to typify scenarios as this where
you break every significant campaign
promise that got you elected, from endless war (ie., Afghanistan, etc.) to not
prosecuting the frauds on wall street, and the growing realization of ‘typical’:
Public
confidence in Obama reaches new low
(Washington Post) Six in 10 Americans lack faith in Obama and hold lower
esteem for members of Congress, according to the latest Washington Post-ABC
News poll. Such stats as this tend to typify scenarios as this where you break
every significant campaign promise that
got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting
the frauds on wall street, and the growing realization of ‘typical’: But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason: The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ): While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker, along with the dems. This well
researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the
view. [ The
Obama Deception Number 1 on U.S. Google Trends ]‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines. In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Cohen: Time
for Arabs to reject anti-semitism (Washington Post) [ Reality check … time
for israelis / jews to reject zionism and all that is entailed therein,
including an alternate reality that defies credulity, rationality, and facts;
such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition
and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was
not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc.
(the list is endless inasmuch as when facts are not on their side, such
specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient
subterfuge distracting from their weak position; ie., illegal nukes, war
crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international
law. At best, no … God did not give them this land … at worst, God took the
land back when they with roman muscle crucified Christ. Balfour was an
arbitrary, incompetent, british joke.).
] ] Article | Tuesday will be known as the day we heard from The
Receiving End of Charlie Sheen's Scorched Earth Media Tour. Lt. Gen. John Kelly, who lost son to war,
says U.S. largely unaware of sacrifice Six NATO troops killed in Afghanistan … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military
Academy at West Point, Gates's message was clear: The US military services, as
well as the elected and appointed civilians who send them to war, need better
ways of foreseeing and preparing for ...
Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ]
Bernanke:
Fed will respond if oil prices trigger inflation (Washington Post) [ If?
Come on … don’t make me laugh! … Inflation
Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! (see infra) … Merk ‘…While we believe food inflation
will be with us for quite some time and may contribute to an unstable world
possibly for years to come, the Federal Reserve appears to be firmly in the
camp of heavily discounting food inflation. The European Central Bank (ECB), in
contrast, has historically taken commodity inflation more seriously than the
Fed – ECB President Trichet talks about his concern over "second round
effects," i.e., commodity inflation stirring inflation throughout the
value chain.
The relevance of all this is that in the U.S. it’s
business as usual as far as monetary policy is concerned. According to Fed
Chair Bernanke, the U.S. economy must grow at a rate of at least 2.5% per annum
just to keep unemployment stable, however, he has made it clear that he will
pursue policies to boost growth above that level. With oil prices soaring, he
is facing yet another headwind. Rather than mopping up the liquidity that, in
our assessment, has contributed to global commodity inflation, he may be
tempted to keep the printing press in high gear to promote economic growth.
It doesn’t really matter whether we think there is a
crisis. What matters is that the Fed doesn’t think its policies are
contributing to global instability and continues on its expansionary path.
After all, the banks continue to sit on their money and as such, the economy is
certainly not in overdrive. With the exception of social instability spreading
globally, the Fed may be very much on course:
Bernanke may want a weaker dollar. Unlike his
predecessor, Bernanke embraces the U.S. dollar as a monetary policy tool
to boost economic growth. Bernanke wants higher inflation. Having explicitly
called for higher inflation since last August, he has since praised the
progress the market has made in pricing higher than inflation
expectations. The challenge with raising inflation expectations is not
only that it may be difficult to lower those expectations later but that
it is difficult to control where that inflation appears. Bernanke, in our
assessment, needs to get home price to rise and is willing to put up with
rising prices in other areas. We often focus on housing as a reason the Fed
wants to boost growth, but we can also focus on WalMart (WMT ):
in the 13 weeks that ended 1/29/2010, WalMart’s sales declined 1.2%. Keep
in mind that unlike government statistics, WalMart’s sales are not
inflation adjusted. Also keep in mind that WalMart has been expanding its
produce section in recent years; the section very much exposed to food
inflation. As a result, on a real basis, sales have had rather substantial
declines. Given that WalMart’s sales comprise more than 10% of total U.S.
retail sales, we don’t believe there is such a thing as "company
specific" problems; WalMart’s problems are those of the U.S. economy.
In contrast, the rest of the world is taking steps to
stem inflationary pressures. Russia is the latest country to raise interest
rates, following countries ranging from Sweden to Norway, Canada to Australia
and Korea to China. In the Eurozone, the pairing down of some emergency
facilities (leading to a draining of liquidity; a form of monetary tightening)
and recent hawkish talk suggest interest rates may be raised later this year.
This discussion should clarify that it is perfectly
possible for the world to be in turmoil without the U.S. dollar being a
beneficiary. The focus of this analysis was the perceived status of the U.S.
dollar as a safe haven, as well as implications of food inflation; a small, but
important sliver affecting the U.S. dollar.’
Locked
in standoff, Gaddafi foes debate foreign airstrikes Opposition leaders consider requesting
foreign intervention (Washington Post) [ Six NATO troops killed in Afghanistan … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military
Academy at West Point, Gates's message was clear: The US military services, as
well as the elected and appointed civilians who send them to war, need better
ways of foreseeing and preparing for ...
Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times ( Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! )
DÉJŔ
VU ALL OVER AGAIN? WHERE’S YOGI WHEN YOU NEED HIM TO EXPLAIN THIS INSANITY:Chavez:
U.S. distorting situation in Libya ‘to justify an invasion’ CNN | Venezuelan President Hugo Chavez claims U.S.
criticism of Libyan leader Moammar Gadhafi has a clear aim: military invasion.
US tightens
military grip on Gaddafi The Guardian | The west is edging towards a possible military confrontation with
Muammar Gaddafi’s regime.
Obama
Encircles US War Machine Around Libya Paul Joseph Watson | Administration readies to exploit humanitarian
crisis to control Africa’s largest oil producer.
Most
Americans Strongly Oppose U.S. Military Action in Libya According to
Rasmussen, a large majority of Americans agree with the common sense of George
Washington. During his farewell address, the first president of the United
States said the nation should beware of foreign entanglements. ] Issue takes on increasing urgency amid
realization that rebels cannot continue to match the weaponry and firepower of
forces loyal to Gaddafi.
The
TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation
(Washington Post) [Wobama says daffy gaddafi’s time is up, got to go. The
same can be said of wobama et als and his fraudulently failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some
might reflexively, defensively allege drugs (prescription or otherwise) or any
number of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total
fraud having been elected under false pretenses; viz., his total, unequivocal,
and unfulfilled b*** s*** (those campaign promises) ! Moreover, there has been
some persuasive documentation questioning wobama’s citizenship / birthplace
placing his eligibility to even hold the office of president in question. Drudgereport: UPDATE: Huckabee claims
Obama grew up in Kenya... The Obama Corsi
Rezko was corrupt, and supported Obama in many campaigns as well as in
Obama buying his home -- and therefore, according to Corsi , Obama
is corrupt by ...www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild
interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little
time in confronting President Barack Obama on his failure to answer Sheen’s
twenty questions concerning 9/11, calling Obama, “a coward in a cheap
suit.” A Government Shut-down Imperils the Power of Congress Paul
Craig Roberts | Congress could try to protect its loss of the power of
the purse by impeaching Obama.
Drudgereport: WOBAMA 'IMPEACHMENT'
WARNING... ...to announce exploratory
committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States. Public
confidence in Obama reaches new low
(Washington Post). Six in 10 Americans lack faith in Obama and hold
lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to typify scenarios as this where
you break every significant campaign
promise that got you elected, from endless war (ie., Afghanistan, etc.) to not
prosecuting the frauds on wall street, and the growing realization of
‘typical’: Public
confidence in Obama reaches new low
(Washington Post) Six in 10 Americans lack faith in Obama and hold lower
esteem for members of Congress, according to the latest Washington Post-ABC
News poll. Such stats as this tend to typify scenarios as this where you break
every significant campaign promise that
got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting
the frauds on wall street, and the growing realization of ‘typical’: But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason: The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ): While boner and barton are indeed jokes / vegetables that bespeak the
single-digit approval rate for congress, obama’s failure to deliver on promises
with as well, endless war spending despite defacto bankruptcy of the nation and
a watered down nothing financial regulation bill for talking points but little
substance, make him as big a joker, along with the dems. This well researched /
produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the
view. [ The
Obama Deception Number 1 on U.S. Google Trends ]‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines. In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Cohen: Time
for Arabs to reject anti-semitism (Washington Post) [ Reality check … time
for israelis / jews to reject zionism and all that is entailed therein,
including an alternate reality that defies credulity, rationality, and facts;
such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition
and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was
not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc.
(the list is endless inasmuch as when facts are not on their side, such
specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient
subterfuge distracting from their weak position; ie., illegal nukes, war
crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international
law. At best, no … God did not give them this land … at worst, God took the
land back when they with roman muscle crucified Christ. Balfour was an
arbitrary, incompetent, british joke.).
] ] Article | Tuesday will be known as the day we heard from The
Receiving End of Charlie Sheen's Scorched Earth Media Tour. Bernanke:
Fed will respond if oil prices trigger inflation (Washington Post) [ If?
Come on … don’t make me laugh! … Inflation
Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! (see infra) … Merk ‘…While we believe food inflation
will be with us for quite some time and may contribute to an unstable world
possibly for years to come, the Federal Reserve appears to be firmly in the
camp of heavily discounting food inflation. The European Central Bank (ECB), in
contrast, has historically taken commodity inflation more seriously than the
Fed – ECB President Trichet talks about his concern over "second round
effects," i.e., commodity inflation stirring inflation throughout the
value chain.
The relevance of all this is that in the U.S. it’s
business as usual as far as monetary policy is concerned. According to Fed
Chair Bernanke, the U.S. economy must grow at a rate of at least 2.5% per annum
just to keep unemployment stable, however, he has made it clear that he will
pursue policies to boost growth above that level. With oil prices soaring, he
is facing yet another headwind. Rather than mopping up the liquidity that, in
our assessment, has contributed to global commodity inflation, he may be
tempted to keep the printing press in high gear to promote economic growth.
It doesn’t really matter whether we think there is a
crisis. What matters is that the Fed doesn’t think its policies are
contributing to global instability and continues on its expansionary path.
After all, the banks continue to sit on their money and as such, the economy is
certainly not in overdrive. With the exception of social instability spreading
globally, the Fed may be very much on course:
Bernanke may want a weaker dollar. Unlike his
predecessor, Bernanke embraces the U.S. dollar as a monetary policy tool
to boost economic growth. Bernanke wants higher inflation. Having
explicitly called for higher inflation since last August, he has since
praised the progress the market has made in pricing higher than inflation
expectations. The challenge with raising inflation expectations is not
only that it may be difficult to lower those expectations later but that
it is difficult to control where that inflation appears. Bernanke, in our
assessment, needs to get home price to rise and is willing to put up with
rising prices in other areas. We often focus on housing as a reason the Fed
wants to boost growth, but we can also focus on WalMart (WMT ):
in the 13 weeks that ended 1/29/2010, WalMart’s sales declined 1.2%. Keep
in mind that unlike government statistics, WalMart’s sales are not
inflation adjusted. Also keep in mind that WalMart has been expanding its
produce section in recent years; the section very much exposed to food
inflation. As a result, on a real basis, sales have had rather substantial
declines. Given that WalMart’s sales comprise more than 10% of total U.S.
retail sales, we don’t believe there is such a thing as "company
specific" problems; WalMart’s problems are those of the U.S. economy.
In contrast, the rest of the world is taking steps to
stem inflationary pressures. Russia is the latest country to raise interest
rates, following countries ranging from Sweden to Norway, Canada to Australia
and Korea to China. In the Eurozone, the pairing down of some emergency
facilities (leading to a draining of liquidity; a form of monetary tightening)
and recent hawkish talk suggest interest rates may be raised later this year.
This discussion should clarify that it is perfectly
possible for the world to be in turmoil without the U.S. dollar being a
beneficiary. The focus of this analysis was the perceived status of the U.S.
dollar as a safe haven, as well as implications of food inflation; a small, but
important sliver affecting the U.S. dollar.’
House
Republicans press SEC on official's ties to Madoff (Washington Post) [ The
ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence …
yet he’s in jail … and the only one … Boy, did mary shapiro become total b***
s*** fast … the current shibboleth of
capital hill / all 3 branches of pervasively corrupt u.s. government …
joining the others: “The
Financial Industry Has Become So Politically Powerful That It Is Able To
Inhibit the Normal Process of Justice And Law Enforcement” The economy
cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem
determined to turn a blind eye to Wall Street shenanigans, and is now moving to
defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell ,
MarketWatch SAN LUIS OBISPO, Calif.
(MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff,
get rich…’
‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity for
jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside
Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To
Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
]
House Republicans ramp up pressure on SEC Chairman Mary Schapiro. Locked
in standoff, Gaddafi foes debate foreign airstrikes Opposition leaders consider
requesting foreign intervention (Washington Post) [
Six NATO troops killed in Afghanistan … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor -
In a speech to cadets at the United States Military Academy at West Point,
Gates's message was clear: The US military services, as well as the elected and
appointed civilians who send them to war, need better ways of foreseeing and
preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times ( Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! )
DÉJŔ
VU ALL OVER AGAIN? WHERE’S YOGI WHEN YOU NEED HIM TO EXPLAIN THIS INSANITY:Chavez:
U.S. distorting situation in Libya ‘to justify an invasion’ CNN | Venezuelan President Hugo Chavez claims U.S.
criticism of Libyan leader Moammar Gadhafi has a clear aim: military invasion.
US tightens
military grip on Gaddafi The Guardian | The west is edging towards a possible military confrontation with
Muammar Gaddafi’s regime.
Obama
Encircles US War Machine Around Libya Paul Joseph Watson | Administration readies to exploit humanitarian
crisis to control Africa’s largest oil producer.
Most
Americans Strongly Oppose U.S. Military Action in Libya According to
Rasmussen, a large majority of Americans agree with the common sense of George
Washington. During his farewell address, the first president of the United
States said the nation should beware of foreign entanglements. ] Issue takes on increasing urgency amid
realization that rebels cannot continue to match the weaponry and firepower of
forces loyal to Gaddafi.
[ (2-26-11
et seq.) Let me state for the record here that my computer has been under
constant viral, hack attack, paralleling prior such foolish, paranoid actions
and let me reiterate: They will be sorry and I won’t forget it! ]
Will
‘Chindia’ Rule the World in 2050, or America After All? [ I include this only
because it’s by Evans-Pritchard in light of his prior forthrightness in
reporting what he saw (clinton years, financial crisis pre-blowout, etc.). But
Citigroup and HSBC? Hardly the pictures of Nostradamus gone corporate given
their track records. Evan Evans-Pritchard is out of his league here since 2050
is so optimistically close to the end (remember, decades at best), that such
really matters very little. Diisclosure: I haven’t and don’t need to read the
article. ] Ambrose
Evans-Pritchard | Citigroup
and HSBC have come up with radically different pictures of what the world will
look like in 2050.
DÉJŔ
VU ALL OVER AGAIN? WHERE’S YOGI WHEN YOU NEED HIM TO EXPLAIN THIS INSANITY:Chavez:
U.S. distorting situation in Libya ‘to justify an invasion’ CNN | Venezuelan President Hugo Chavez claims U.S.
criticism of Libyan leader Moammar Gadhafi has a clear aim: military invasion.
US tightens
military grip on Gaddafi The Guardian | The west is edging towards a possible military confrontation with
Muammar Gaddafi’s regime.
Obama
Encircles US War Machine Around Libya Paul Joseph Watson | Administration readies to exploit humanitarian
crisis to control Africa’s largest oil producer.
Most
Americans Strongly Oppose U.S. Military Action in Libya According to
Rasmussen, a large majority of Americans agree with the common sense of George
Washington. During his farewell address, the first president of the United
States said the nation should beware of foreign entanglements.
“The
Financial Industry Has Become So Politically Powerful That It Is Able To
Inhibit the Normal Process of Justice And Law Enforcement” The economy
cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem
determined to turn a blind eye to Wall Street shenanigans, and is now moving to
defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell ,
MarketWatch SAN LUIS OBISPO, Calif.
(MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff,
get rich…’‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity for
jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable
for the meltdown. ) (see this
film, I strongly recommend the complete documentary – the following is a
preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside
Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To
Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
Wobama says daffy gaddafi’s time is up, got to go. The same can be said
of wobama et als and his fraudulently failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some
might reflexively, defensively allege drugs (prescription or otherwise) or any
number of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a
total fraud having been elected under false pretenses; viz., his total,
unequivocal, and unfulfilled b*** s*** (those campaign promises) ! Moreover,
there has been some persuasive documentation questioning wobama’s citizenship /
birthplace placing his eligibility to even hold the office of president in
question. Drudgereport: UPDATE: Huckabee claims
Obama grew up in Kenya... The Obama Corsi
Rezko was corrupt, and supported Obama in many campaigns as well as in
Obama buying his home -- and therefore, according to Corsi , Obama
is corrupt by ...www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild
interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little
time in confronting President Barack Obama on his failure to answer Sheen’s
twenty questions concerning 9/11, calling Obama, “a coward in a cheap
suit.” A Government Shut-down Imperils the Power of Congress Paul
Craig Roberts | Congress could try to protect its loss of the power of
the purse by impeaching Obama.
Drudgereport: WOBAMA 'IMPEACHMENT'
WARNING... ...to announce exploratory
committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States.
Public
confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and
hold lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to
typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack
faith in Obama and hold lower esteem for members of Congress, according to the
latest Washington Post-ABC News poll. Such stats as this tend to typify
scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie.,
Afghanistan, etc.) to not prosecuting the frauds on wall street, and the
growing realization of ‘typical’:
But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason: The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ): While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker. This well researched / produced
video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the
view. [ The
Obama Deception Number 1 on U.S. Google Trends ]‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines. In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Ethics
code urged for Supreme Court
(Washington Post) [
Sounds like a plan! Come on! Wake up! After all, what can you expect
from two guidos from ‘jersey (alito and scalia, colloquial – note that I have
refrained from using what some might consider disparaging terms as w*p*,
gui***s, or da***s … and let me state for the record that I truly loved and
respected my grandmother who was 100% Italian/Bari,Italy and as well my
grandfather/Lake Como,northern Italy with greek ancestral roots and I thereby
claim standing/right to posit the criticism in light of my direct experience.
). How ‘bout starting with enforcing laws as to judges, liars, etc., within the
very corrupted american illegal system; and, particularly bribes which in one
form or another are rampant . I don’t know about Thomas, but I do know about
alito and ‘jersey … :
October 15, 2010
(*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the
Qui Tam provisions of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar)
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction
to the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment had been entered in my
favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess
of $300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc.. Counsel Robert Sullivan on my behalf
documented by way of certification upon investigation that Alan Shiff,
USBCJ, had falsely stated a dismissal upon which false statement he
predicated a retaliatory and spurious contempt proceeding against me
causing substantial damage, and for which he sought Judicial Notice of
those and related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice
by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action
against me to prevent me from suing him which necessitated me to fly to
Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief
Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected
with a case under Title 11, USC, etc.) . [ transcript in pertinent part
-
crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump
Barry, Donald Trump’s sister, was assigned the RICO case despite the
conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard
herself and denied, and U.S. Trustee Hugh Leonard with whom I met
personally refused to join or file a separate motion to recuse and not
long thereafter left said office for private practice at Cole, Shotz, et
als on retainer with the RICO defendants as his primary client. Probative and evidentiary documents,
affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes
in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey
with whom I met personally at the U.S. Attorney’s Office in Newark, N.J.,
at which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the office
of then U.S. Attorney Alito, addressed to him, with assurance they would
go directly to him. In addition to being inept [
I looked in on the one mob case he had brought, bungled, lost (accidently
on purpose?) since I was suing some mob-connected under RICO and the court
(I had known / previously met outside of court the judge Ackerman through
a client) was absolute bedlam and a total joke since incompetent corrupt
Alito brought in all 20 mob defendants (rather than prosecute one or a few
to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches. As
much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor
creditors, nor I should continue to have been damaged by this brazened corrupt
and illegal scenario, which should be resolved in accordance with the
meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with
the line, computer connection may be the reason but I hesitate to chance
greater non-performance / worsening by their ‘fix’ so cell phone best for
contact).
] Group of law professors'
appeal comes after controversies involving travel and appearances at political
events by several justices.
Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend !
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 (
374mb ) Written text of presentation (without
pictures / charts) http://www.albertpeia.com/stansberrypresentation.htm
]
Drudgereport: OIL
SHOCK AS MIDEAST SPIRALS More
Than 140,000 People Flee Libya... Gadhafi
forces retake towns near capital... Cameron
backtracks on no-fly zone plan... Astonishing
wealth of Gaddafi and his family revealed... WIKILEAKS'
ASSANGE CITED JEWISH CONSPIRACY... YEMEN
RAGES... President
says US, Israel behind unrest... Fashion
Week Führer: DIOR Fires Galliano After Racism Complaints... 'I
love Hitler'... 'Your
parents should have been gassed'... FADE:
OSCAR RATINGS DOWN 10% ... Injury
Added to Insult... Bob Hope: Academy Awards,
‘passover’ … very funny! ]CIVIL
WAR WEEKEND
Armed
pro-Gaddafi gangs roll in Tripoli... ...Shooting
from ambulances... GRAFFITI
AND BARRICADES... Gaddafi
vows to crush protesters... Egypt
protesters dispersed by force... Al
Qaeda calls for revolt against Arab rulers... Obama
to Gaddafi: Leave now... UN
Security Council passes votes to sanction...
Gas
prices surge 17 cents in a week... Motorist
Calls Police Over Rising Prices... OBAMA:
CAN WE DRILL NOW? LONDON
DRIVERS PAYING $9 A GALLON... Spain
reduces motorway speed limit to save oil...
WOBAMA
'IMPEACHMENT' WARNING... ...to
announce exploratory committee 'in 10 days' WEST MOVES MILITARY ASSETS AROUND LIBYA CharlieSheen
Publicist Runs For Hills... Actor
set to sue CBS for $320M, 'mental anguish'... The
Legal Letter... THE
'TODAY' INTERVIEW... NY
MAG: Madoff on Madoff: The Jailhouse Tapes... Government
a Ponzi scheme...
CIVIL
WAR WEEKEND... Anti-Gaddafi
forces widen control... Take
town 30 miles from Tripoli... Security
forces defect... Armed
pro-gangs roll in capital... ...shooting
from ambulances ISRAELI'S
YOUTUBE SPOOF OF GADHAFI CATCHES ON IN ARAB WORLD... Police
station, state office burning in Oman town... Tunisia
prime minister resigns... Gingrich
to announce exploratory committee 'in 10 days' [ Neo-con Dreamin’! I mean, come
on … are memories so short they don’t recall him being a total hypocrite,
zionist shill, and part of the problem
though to his credit, he’s not a mobster and complete joke as is trump! ]
CHICAGOLAND:
Lawmaker Suggests BOEING'S Contract Win A Result Of Dirty Politics... [ The contract’s with money the nation doen’t really
have anyway; and, the value of the money paid will be worth substantially less
by completion; and, no surprise … Chicago hasn’t changed much from the days of
capone and is rivaled in terms of corruption by such states as jersey, new
york, etc.. ] ‘…“I’m disappointed but not surprised,”
Republican Sen. Richard Shelby said. “Only Chicago politics could tip the
scales in favor of Boeing’s inferior plane. EADS clearly offers the more
capable aircraft.”…’
Six NATO troops killed in Afghanistan … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military
Academy at West Point, Gates's message was clear: The US military services, as
well as the elected and appointed civilians who send them to war, need better
ways of foreseeing and preparing for ...
Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ] Ohio,
Wisconsin shine spotlight on new union battle (Washington Post) [ The
importance of this article cannot be over-stated in at least its an attempt to
highlight, if not distinguish between the roles of unions in the private sector
versus the public sector, namely government. While in law school evenings, and
working at a law firm during the day, I invariably taught one or two courses
per semester (spring, fall, summer) at a local college in predominantly
finance, management, insurance, and real estate. I used the Drucker text, case
book, materials for management which enabled me to pay close attention to his
quite brilliant thoughts, positions as they continued to evolve (as an
undergrad we used Drucker, who also was consultant to many major corporations).
He was a defender of unions in the private sector, if only to provide an all
encompassing, cohesive, unified group with which management could deal. He also
talked about the need to apply management principles to and manage non-profit
organizations, institutions as, ie., hospitals, schools, etc., and hence by
inference, though he didn’t seem to get to it, governments. They specifically
needed to be managed for performance, which of course, in his approach required
substantial thought in defining mission, goals, objectives, steps in achieving
objectives, and measuring achievement or not of objectives, etc.. Moreover,
raises, compensation, benefits, pensions were never to be automatic, but rather
based upon clearly defined performance, merit, as can be measured. The problem
in pervasively corrupt, defacto bankrupt america particulary is that more,
regardless of performance had, has become an oftimes integrally political thing
determinant of election results. Congress (as well as judiciary, executive
branch-excepting law enforcement) has been among the worst offenders from not
only the perspective of their own ever increasing pay / benefit / compensation
packages despite the nation’s sinking sensation, but as well, their role in
keeping in check the abuses, frauds, crimes in the private sector (ie., wall street,
ceo excessive comp., etc.) which duty they have egregiously shirked. The
bottomline is exactly that; viz., the bottomline. The money’s not there. The
nation, state, local governments in america have not been managed for
performance and are defacto bankrupt in general therefore. States can’t pay
what they don’t have, but there are a lot of those, ie., frauds on wall street,
etc., who should be paying first, whatever it takes! ] The divide between government worker unions
and their opponents highlights a critical aspect of the evolving labor
movement. Cohen:
Time
for Arabs to reject anti-semitism (Washington Post) [ Reality check … time
for israelis / jews to reject zionism and all that is entailed therein,
including an alternate reality that defies credulity, rationality, and facts;
such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition
and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was
not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc.
(the list is endless inasmuch as when facts are not on their side, such
specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient
subterfuge distracting from their weak position; ie., illegal nukes, war
crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international
law. At best, no … God did not give them this land … at worst, God took the
land back when they with roman muscle crucified Christ. Balfour was an
arbitrary, incompetent, british joke.).
] U.S.
freezes $30 billion in Libya government assets (Washington
Post) [ The lesson for the Libyan people based upon pervasively corrupt,
defacto bankrupt war crimes nation america’s desperation is … you better watch
that Libyan money closely; after all, look what’s happened to american money in
american hands … totally plundered by the opportunist few! ] Action taken by executive order is largest
blocking under any U.S. sanctions program ever; Clinton announces efforts to
stem humanitarian crisis.
[ (2-26-11)
Let me state for the record here that my computer has been under constant
viral, hack attack, paralleling prior such foolish, paranoid actions and let me
reiterate: They will be sorry and I won’t forget it! ]
Report:
GOP spending plan would cost 700,000 jobs
(Washington Post) [ If everyone was so concerned with the reality that
pervasively corrupt america is defacto bankrupt, they could could begin with
disgorgement of the hundreds of billions in fraudulent gains gotten in their
massive fraud by the frauds on wall street by prosecuting same as falsely
promised by ‘wobama the b’ (for b*** s***) and holder as set forth in Oscar
Winner Ferguson’s Documentary, ‘INSIDE JOB’, see immediately hereafter. After
all, the nation is bankrupt! Don't
cut here (Washington Post) [ If not there … then where? I think people are
totally out-of-touch with the reality of america’s dire circumstances and
impending collapse on as many levels as a nation could face disaster. Denial?
If it were only that simple … Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR (
The instant video from Stansberry and Associates is so well researched
and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which not only do I believe to be correct, but are
supported by the unequivocal documented facts. This is a must-view, must-see
that I strongly recommend ! The
complete url ( 146 mb – approx. 1 hr. 17 min. ) : http://www.albertpeia.com/stansberrysinvestmentadvisory.flv )
] Topic A: Advocates make the case for funding their favorite
federal programs. [ With what? The nation’s bankrupt: Senate
Democrats draft cuts in domestic agency budgets (Washington Post) [ Do these ‘too little, too late’ so-called
cuts purport to make the nation ‘less bankrupt’? There’s no such thing …
absolutely preposterous! And, Kotlikoff thinks so as well, see immediately
hereafter… ] The plan will involve
accelerating some of the $33 billion in program terminations and reductions
included in Obama's proposed budget for next year. When Pretending Fails to
Hide Bankruptcy: Laurence Kotlikoff ( Today in the WashingtonPost.Com ) Laurence Kotlikoff Feb 22, 2011 Feb.
23 (Bloomberg) -- Our country is bankrupt. It’s not bankrupt in 30 years or
five years. It’s bankrupt today…’ ] The
report offers fresh ammunition to Democrats seeking block the plan, which would
slash federal appropriations by $61 billion.
‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity for
jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable
for the meltdown. ) (see this
film, I strongly recommend the complete documentary – the following is a
preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside
Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To
Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
Wobama says daffy
gaddafi’s time is up, got to go. The same can be said of wobama et als and his
fraudulently failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some
might reflexively, defensively allege drugs (prescription or otherwise) or any
number of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a
total fraud having been elected under false pretenses; viz., his total,
unequivocal, and unfulfilled b*** s*** (those campaign promises) ! Moreover,
there has been some persuasive documentation questioning wobama’s citizenship /
birthplace placing his eligibility to even hold the office of president in
question. ] Amidst the controversy of his wild interview on the Alex Jones Show
yesterday, actor Charlie Sheen wasted little time in confronting President
Barack Obama on his failure to answer Sheen’s twenty questions concerning 9/11,
calling Obama, “a coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the
power of the purse by impeaching Obama.
Drudgereport: WOBAMA
'IMPEACHMENT' WARNING... ...to
announce exploratory committee 'in 10 days' Globalist Shill Barack
Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More Of Our
Jobs Overseas As Part Of The New One World Economy The other day, Barack
Obama summoned a group of business and labor leaders to the White House and
“challenged” them to come up with some great ideas for creating more jobs
inside the United States.
Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend !
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 (
374mb ) Written text of presentation (without
pictures / charts) http://www.albertpeia.com/stansberrypresentation.htm
]
‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity for
jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable
for the meltdown. ) (see this
film, I strongly recommend the complete documentary – the following is a
preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside
Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To
Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
Wobama says daffy
gaddafi’s time is up, got to go. The same can be said of wobama et als and his
fraudulently failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some
might reflexively, defensively allege drugs (prescription or otherwise) or any
number of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a
total fraud having been elected under false pretenses; viz., his total, unequivocal,
and unfulfilled b*** s*** (those campaign promises) ! Moreover, there has been
some persuasive documentation questioning wobama’s citizenship / birthplace
placing his eligibility to even hold the office of president in question. ]
Amidst the controversy of his wild interview on the Alex Jones Show yesterday,
actor Charlie Sheen wasted little time in confronting President Barack Obama on
his failure to answer Sheen’s twenty questions concerning 9/11, calling Obama,
“a coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the
power of the purse by impeaching Obama.
Drudgereport: WOBAMA
'IMPEACHMENT' WARNING... ...to
announce exploratory committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States.
Public
confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and
hold lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to
typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack
faith in Obama and hold lower esteem for members of Congress, according to the
latest Washington Post-ABC News poll. Such stats as this tend to typify
scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie.,
Afghanistan, etc.) to not prosecuting the frauds on wall street, and the
growing realization of ‘typical’:
But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason: The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ): While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker. This well researched / produced
video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The
Obama Deception Number 1 on U.S. Google Trends ]‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines. In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Ethics
code urged for Supreme Court
(Washington Post) [
Sounds like a plan! Come on! Wake up! After all, what can you expect
from two guidos from ‘jersey (alito and scalia, colloquial – note that I have
refrained from using what some might consider disparaging terms as w*p*,
gui***s, or da***s … and let me state for the record that I truly loved and
respected my grandmother who was 100% Italian/Bari,Italy and as well my
grandfather/Lake Como,northern Italy with greek ancestral roots and I thereby
claim standing/right to posit the criticism in light of my direct experience.
). How ‘bout starting with enforcing laws as to judges, liars, etc., within the
very corrupted american illegal system; and, particularly bribes which in one
form or another are rampant . I don’t know about Thomas, but I do know about
alito and ‘jersey … :
October 15, 2010
(*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer
to prevent viral attacks / infection and are without threat). I also include 1
copy of the DVD as filed with the subject court as referenced therein (which
files are also included on the aforesaid 3 disks in a separate folder named
‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a
criminal statute which provides a civil remedy, including treble damages and
attorney fees, as an incentive for private prosecution of said claims probably
owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such
assistance given the seriousness and prevalence of said violations of law which
have a corrupting influence on the process, and which corruption is pervasive).
A grievance complaint against Coan was also filed concurrently with the subject
action and held in abeyance pending resolution of the action which was
illegally dismissed without any supporting law and in contravention of the
Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the
Qui Tam provisions of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar)
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but typical
problem with my mail) along with my response thereto is included on the 3 disks
as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction
to the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment had been entered in my
favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ
Alvin Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf
documented by way of certification upon investigation that Alan Shiff,
USBCJ, had falsely stated a dismissal upon which false statement he
predicated a retaliatory and spurious contempt proceeding against me
causing substantial damage, and for which he sought Judicial Notice of
those and related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice
by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action
against me to prevent me from suing him which necessitated me to fly to
Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief
Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected
with a case under Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf
] Newly appointed judge, Maryanne Trump
Barry, Donald Trump’s sister, was assigned the RICO case despite the
conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard
herself and denied, and U.S. Trustee Hugh Leonard with whom I met
personally refused to join or file a separate motion to recuse and not
long thereafter left said office for private practice at Cole, Shotz, et
als on retainer with the RICO defendants as his primary client. Probative and evidentiary documents,
affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes
in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan
Lacey with whom I met personally at the U.S. Attorney’s Office in Newark,
N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO
and the court (I had known / previously met outside of court the judge
Ackerman through a client) was absolute bedlam and a total joke since
incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor
creditors, nor I should continue to have been damaged by this brazened corrupt
and illegal scenario, which should be resolved in accordance with the
meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with
the line, computer connection may be the reason but I hesitate to chance
greater non-performance / worsening by their ‘fix’ so cell phone best for
contact).
] Group of law
professors' appeal comes after controversies involving travel and appearances
at political events by several justices.
Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend !
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 (
374mb ) Written text of presentation (without
pictures / charts) http://www.albertpeia.com/stansberrypresentation.htm
]
‘The Chicago PMI
for February climbed to a 20-year high of 71.2. It had only ben expected to
come in at 67.5 after a 68.8 reading in January’. [ Come on! Does anyone
take anything coming out chicago capone-land seriously…maybe is the answer if
you’re a fool. ]
Market Crash 2011: It Will Hit by Christmas Farrell ,
MarketWatch SAN LUIS OBISPO, Calif.
(MarketWatch) — Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff,
get rich.
We want to
believe they’re telling us the truth. Silly, huh? Both trapped in this eternal
“dance of death” controlled by programs hidden deep in our brains, telling us
what to do, telling us to ignore facts to the contrary — till it’s too late,
till a new crisis crushes all of us.
Dow ends at 2 1/2-year high
Joe Bel Bruno explains why stocks climbed to
21/2-year highs and extended their winning streak to a third consecutive week.
Psychology offers us a powerful lesson: Our
collective brain is destined to trigger a crash before Christmas 2011. Why?
We’re gullible, keep searching for a truth-teller in a world of liars. And
they’re so clever, we let them manipulate us into acting against our best
interests.
In fact, behavioral science tells us that bankers and
politicians are lying to us 93% of the time. It’s 13 times more likely Wall
Street is telling you a lie than the truth. That’s why they win. Why we lose.
Because our brains are preprogrammed to cooperate in their con game. Yes, we
believe most of their lies.
One of America’s leading behavioral finance gurus,
University of Chicago Prof. Richard Thaler, explains: “Think of the human brain
as a personal computer with a very slow processor and a memory system that is
small and unreliable.” Thaler even admits: “The PC I carry between my ears has
more disk failures than I care to think about.” Easy to manipulate.
Eternal love story: Your brain’s in love with Wall Street’s brain
Thaler’s a quant, speaks mostly in cryptic
algorithmics. So if you really want to know how Wall Street’s con game works on
you, Barry Ritholtz, the financial genius behind “Bailout Nation,” recently
summarized it in the Washington Post: “Humans make all the same mistakes, over
and over again. It’s how we are wired, the net result of evolution. That
flight-or-fight response might have helped your ancestors deal with hungry
saber-toothed tigers and territorial Cro Magnons, but it drives investors to
make costly emotional decisions.”
Humans have something “akin to brain damage,” says
Ritholtz. “To neurophysiologists, who research cognitive functions, the
emotionally driven appear to suffer from cognitive deficits that mimic certain
types of brain injuries. … Anyone with an intense emotional interest in a
subject loses the ability to observe it objectively: You selectively perceive
events. You ignore data and facts that disagree with your main philosophy. Even
your memory works to fool you, as you selectively retain what you believe in,
and subtly mask any memories that might conflict.”
Worse,
there’s no cure.
Your brain needs to believe lies; Wall Street loves telling lies
Examples: USA Today headline: “Average Bull is 3.8
years: We’re not at 2 yet.” More upside. Wall Street loves it. The Wall Street
Journal: “Stock recovery in high gear … S&P500 now speeding toward its next
landmark,” double its March 2009 bottom.
Other lies: Inflation and rate rises won’t push China
and America over the edge into a new bear recession. That one’s real popular in
Wall Street’s echo chamber. Wall Street also cheers every time cable pundits
and journalists repeat their favorite statistic: That stocks rally in the third
year of a presidency, often more than 20%. Yes, Wall Street loves those 93%
lies.
Biggest lie? Wharton’s perennial bull, Jeremy Siegel,
of “Stocks for the Long Run” fame, recently told a TD Ameritrade Institutional
Conference, “There’s nothing but upside to come …the next several years are
going to be good for stocks.”
Yes, one of Wall Street’s favorite co-conspirators is
hypnotizing thousands of our best money managers and advisers into believing
the lie that this bull market will roar indefinitely. Worse, they’ll use that
message to sell naive investors on buying whatever junk Wall Street is selling.
Get the picture? A little conspiracy begins in your
head, a conspiracy between your gullible brain and Wall Street’s con men
selling hype, hoopla and happy-talk. Listen and you’ll lose. Warning: This
little conspiracy is a retirement killer. Remember: It’s odds-on you’re being
lied to. So for a few moments, listen to some highly respected contrarians.
They’re short-selling this conspiracy, betting that 2011 will hit headwinds
before Christmas, turn a cyclical bull rally into a cyclical bear market.
Our brains never learned 2008’s lessons, will fail again in 2011
Remember, we can’t help it. Our brains are defective,
biased, manipulated by unseen forces 93% of the time. So blame all the lies,
lying and liars on our brain wiring. A perfect excuse. Sure, political dogma
and insatiable greed factor into our bizarre mental equations. But your brain is
as susceptible to the “great con” as Ben Bernanke, Henry Paulson, Bernie
Madoff.
Go back a few years: The subprime credit meltdown was
widely predicted years in advance. For example, back in 2007, the IMF’s Chief
Economist, Raghuram Rajan, “delivered a stark warning to the world’s top
bankers: Financial markets were headed for doom. They laughed it off,” said the
Toronto Star. Both Alan Greenspan and Larry Summers were there.
In April 2007, Jeremy Grantham, whose firm manages
$107 billion, also warned investors: “The First Truly Global Bubble: From
Indian antiquities to modern Chinese art; from land in Panama to Mayfair; from
forestry, infrastructure, and the junkiest bonds to mundane blue chips; it’s
bubble time. … Everyone, everywhere is reinforcing one another. … Bursting of
the bubble will be across all countries and all assets … no similar global
event has occurred before.”
We knew a crash was coming, Wall Street laughed.
Call it denial, or lying, or just a brain defect,
late that summer as the meltdown spread like wildfire, shutting down the
economy, our manipulative Treasury Secretary Hank Paulson, a former Goldman
Sachs CEO, told Fortune “this is far and away the strongest global economy I’ve
seen in my business lifetime.” And Fed boss Bernanke was telling us the
subprime crisis was “contained.” Alan Greenspan agreed. He was on tour, making
millions hustling his new book of excuses, delusions and lies, “The Age of
Turbulence.”
Today, just three years later, the market’s just a
shade above its 2000 peak. Adjusted for inflation, Wall Street stocks have lost
roughly 20% of your retirement money the past decade. Get it? Wall Street’s a
big loser the past decade. And they’ll lose another 20% by 2020. Why? Because
93% of what comes from Wall Street is suspect, can’t be trusted.
Warning: Cyclical bull ends in 2011, new cyclical bear roars back
At the beginning of 2011 USA Today reported a
contrarian forecast. Ned Davis Research says the S&P 500 will make a run at
the 2007 high of 1,565, but hit a “midyear peak.” Then it will crash as
interest rates rise. Davis concludes: “The midyear peak could mark the end of
the cyclical bull market that began in March 2009 and the start of a new
cyclical bear market.”
Warning, even though your brain doesn’t want to hear
it, there is a high probability a new cyclical bear market will begin this
summer … and overshadow the 2012 elections.
The Journal’s also warning: “Inflation jitters spread
through emerging markets, prompting China’s central bank to raise interest rate
for the third time in four months amid worries that a drought threatening the
country’s wheat crop will put further pressure on global food prices.”
Wake up America: With commodity prices rising
rapidly, all the bizarre rationalizations Wall Street uses to keep Bernanke’s
interest rates low are rapidly vaporizing. Yes, Ned Davis’ prediction of a bear
will soon be a painful reality.
S&P 500 inflated, worth just 910, get out before it tops 1,500
Grantham also sees inflation and rising interest
rates killing the lies, popping the bubble and ending the rally: “As a simple
rule, the market will tend to rise as long as short rates are kept low. This
seems likely to be the case for eight more months and, therefore, we have to be
prepared for the market to rise and to have a risky bias.”
With $107 billion at stake Grantham better be
concerned. He predicted the 2008 meltdown, now sees a repeat dead ahead: “Be
prepared for a strong market and continued outperformance of everything risky,
but be aware that you are living on borrowed time as a bull.”
Yes, the bubble will pop this year says Grantham: “If
the S&P rises to 1,500, it would officially be the latest in the series of
true bubbles. All of the famous bubbles broke, but only after short rates had
started to rise.”
So keep a close watch on those two tipping points in
your planning, interest rates breaking to the upside and the S&P closing
near 1,500. When inflation pushes interest rates up they’ll choke off this bull
market. If you’re active, better stop chasing higher returns, especially
emerging markets.
Bottom line: In what sounds like a direct shot at
super-bull Jeremy Siegel, Grantham says that GMO’s research warns that “the
market is worth about 910 on the S&P 500, substantially less than current
levels” just above 1,300.
Then Grantham throws his fast ball right down the
middle: “The speed with which you should pull back from the market as it
advances into dangerously overpriced territory this year is more of an art than
a science, but by October 1 you should probably be thinking much more
conservatively.”
Translation: Get the heck out of Wall Street’s stock
market casino soon, maybe as early as July 4th, and definitely get out by
Christmas, because soon all the lies, lying and liars will stop working. ‘
Congress
on course to avert shutdown (Washington Post) [ And just when we thought there was hope … for the
nation … the world … How ‘bout a
massive furlough program for congress, the judiciary, and the executive
branch (except law enforcement). After all, if all of the foregoing along with
the likes of pseudo gov’t / connected fraudulent wall street, etc., are not to
blame for the debacle we now call america, then who is? They are, period,
exclamation point. Massive firings would also do quite satisfactorily! ]
Chinese
authorities block Web site, terms (Washington Post) [ It is bad enough that
China is essentially a totalitarian communist nation, disingenuously relying
upon capitalism for its stellar growth. In light of such and China’s
preoccupation with censorship, it is also clear that it’s not so much China’s
rise as it is pervasively corrupt / defacto bankrupt america’s demise. In other
words, they’re ‘limited’ (by such). But make no mistake, pervasively corrupt,
defacto bankrupt america goes to great lengths in suppressing information,
truth in favor of what’s spewed out by their propaganda machine which is
nonpareil; and then there’s the perpetual illegal wars. ] Chinese authorities continued to tighten
controls on Internet use Friday in the face of murky calls for "jasmine
rallies" to emulate the anti-government protests convulsing the Middle
East and North Africa.
When
Pretending Fails to Hide Bankruptcy: Laurence Kotlikoff ( Today in the
WashingtonPost.Com ) Laurence Kotlikoff Feb 22, 2011 Feb.
23 (Bloomberg) -- Our country is bankrupt. It’s not bankrupt in 30 years or
five years. It’s bankrupt today.
Want proof? Look at President Barack Obama’s 2010
budget. It showed a massive fiscal gap over the next 75 years, the closure of
which requires immediate tax increases, spending cuts, or some combination
totaling 8 percent of gross domestic product. To put 8 percent of GDP in
perspective, this year’s employee and employer payroll taxes for Social
Security and Medicare will amount to just 5 percent of GDP.
Actually, the picture is much worse. Nothing in
economics says we should look out just 75 years when considering the
present-value difference between future spending and future taxes. Over the
full long-term, we need an extra 12 percent, not 8 percent, of GDP annually.
Seventy-five years seems like a long enough time to
plan. It’s not. Had the Greenspan Commission, which “fixed” Social Security
back in 1983, focused on the true long term we wouldn’t be sitting here now
with Social Security 26 percent underfunded. The Social Security trustees, at
least, have learned a lesson. The 26 percent figure is based on their infinite
horizon fiscal- gap calculation.
But the real reason we can’t look out just 75 years
is that the government’s cash flows (the difference between its annual taxes
and non-interest spending) over any period of time, including the next 75
years, aren’t well defined. This reflects economics’ labeling problem. If you
use different words to describe the receipts taken in and paid out each year by
the government, you produce entirely different cash flows and an entirely
different fiscal gap measured over any finite horizon.
Matter of Language
It’s only the value of the infinite horizon fiscal
gap that is unaffected by the choice of labels of language. Take this year’s
payroll tax contributions. Let’s call these transfers from workers to Uncle Sam
“borrowing” by the government, rather than “payroll taxes,” since the money
will be paid back as future benefits. If the future payback isn’t in full
(equal to principal plus interest), we can call the difference a “retirement
tax.” Presto! With this change of words, our 2011 deficit of about 10 percent
of GDP is boosted another five points to 15 percent.
With one set of words, taxes are higher now and lower
latter. With the other set of words, the opposite is true. But neither set of
labels makes more economic sense than the other or changes what the government
takes, on balance, from any person or business in any given year.
This is no surprise. The math of economics rules out
an absolute measure of the deficit, just like the math of physics rules out an
absolute measure of time.
Bottom Line
The bottom line, then, is that we need to look at the
infinite-horizon fiscal gap not just for Social Security, but for the entire
federal government. That analysis, based on the Congressional Budget Office’s
long-term alternative fiscal scenario, shows an unfathomable fiscal gap of $202
trillion. And covering this gap requires coming up with the aforementioned 12
percent of GDP, forever.
If this gives you the willies, there’s a ready
narcotic -- the president’s 2012 budget, which shows that most of our long-
term fiscal problem has miraculously disappeared; the fiscal gap isn’t 12
percent of annual GDP. Nor is it 8 percent. It’s now 1.8 percent.
This fantastic improvement in our finances is due,
we’re told, primarily to the Independent Payment Advisory Board. This board, to
be established in 2014 (after the next election, of course) is charged with
recommending cuts to Medicare and Medicaid providers when their costs grow too
fast.
Repealing Cuts
We’ve had laws mandating such cuts for years, and
they are routinely repealed. Indeed, President Obama signed the latest such
repeal last June. But rather than laugh out loud at this cost-control
mechanism, the Medicare trustees, three-quarters of whom were appointed by the
president, assume in their 2010 report that these cuts will be made -- to the
dollar. And the 2012 budget cites the report’s fictional forecast as its
authoritative source.
No one takes the 2010 Medicare trustee report’s
long-run projections seriously, least of all Richard Foster, Medicare’s chief
actuary. Foster added this statement to the end of the report: “The financial
projections shown in this report for Medicare do not represent a reasonable
expectation…in either the short range…or the long range.”
This isn’t the first administration to conceal our
long- term fiscal problem. Back in 1993, Alice Rivlin, then deputy director of
the Office of Management and Budget, asked me and economists Alan Auerbach and
Jagadeesh Gokhale to prepare a long-term fiscal gap/generational accounting for
inclusion in President Bill Clinton’s 1994 budget.
Politics Triumphs
We worked for months on the analysis, but two days
before the budget’s release, the study was excised from the budget. We were
shocked, but, in retrospect, the politics are clear. The Clinton administration
wanted to claim it was fiscally prudent and the study, which showed unofficial
debt growing at enormous rates, showed the opposite.
The fiscal gap’s next near appearance in a
president’s budget was in 2003. Treasury Secretary Paul O’Neill commissioned
Gokhale and Kent Smetters to do the study. It showed a massive $45 trillion
fiscal gap -- not a great basis for pushing tax cuts or introducing the
prescription-drug benefit for seniors, known as Medicare Part D. O’Neill was
ousted on Dec. 6, 2002, and a couple of days later the fiscal-gap study was
discarded.
I’m not sure whether censoring the fiscal gap is more
dishonorable than fudging it. What I do know is that we can’t assume our
problems away and that I expected far better of this president when I voted for
him.
--Editors:
James Greiff, Steven Gittelson’
] Libyan
ruler clings to power as violence escalates (Washington Post) [ Clings? … As in a tight sweater …
or maybe a straight jacket. Wow! Talk about delusional. ] Regime
opens fire on protesters; Gaddafi calls supporters to arms (Washington Post) [ Pressure
mounts on Gaddafi (Washington Post) [ That he was always a caricature of
sorts, there is no question. That he’s totally burned out, there’s also no
doubt; though they might argue in his defense that so was failed president
dumbya bush … a point well taken … but look at the consequential pathetic state
of pervasively corrupt, defacto bankrupt america … with the unlit torch passed
to failed president wobama the b (for b*** s***) who pretends, or maybe in his
alternate and fake reality just believes it’s lit. That he’s done, also fait
accomplis, after 41 years … who cares. That he’s insane … now that’s quite
another thing with greater worldwide implications, so, daffy… gadaffy…
duck! Gaddafi vows to maintain hold on power Libyan
strongman says he'll fight 'until the last drop of my blood' (Washington Post) [ His latter wish is the
world’s command. ‘Something there is that doesn’t love a dictator, that wants
them down’ … (Excuse me … I was thinking of walls and ‘Mending Wall’, Robert Frost http://albertpeia.com/RobertFrost.htm ). Libya
Internet Shut Down Amid Protests, Per Multiple Reports [ Once again, as in Egypt, this, the
internet, inherently global in nature is the lynchpin, tampering with or
stifling same marking the end of any regime. Let this be a warning; viz., you
cannot put the genie back in the bottle! 41 years? Gadaffy duck should duck
‘cause he’s done. I mean, look at him, he’s the singular equivalent of the
multiple bushes. He’s totally burnt out (as much or more so than dumbya bush or
mubarack) and quite done! ] Reports have emerged late Friday that Libya appears
to have shut down its Internet due to widespread protests, less than a month
after Egypt did the same. ] With rebels
apparently controlling much of the eastern half of the country, the violence
engulfing Libya is already the worst in more than a month of unrest that has
toppled other regimes. ]
He remains defiant even as high-level defections continue to weaken his
government and rebels reportedly seize control of key swaths of nation. American
evacuees describe 'long ordeal' on ferry (Washington Post) [ I’ve included
this headline here, not for the article’s content but rather for the statement
of one of said evacuees on network television news that he was told by the u.s.
embassy that they’d have to fend for themselves and that they’re on their own.
That is an important aspect of the fact-filled video presentation by Stansberry
and Associates, infra, except that that will be the almost unimaginable
position of the u.s. government when the almost unimaginable but inevitable
happens here in pervasively corrupt, defacto bankrupt america. Don’t forget,
they and their’s have plundered this nation, its treasury, people and have use
each branch of this government to do so. I’ve experienced this first-hand in
having to ‘fend for myself’ in what should have been a simple RICO case owing
to the venality of those self-interested in the process (bribes, cover-up of
crimes, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) …..
Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR The instant video from Stansberry and
Associates is so well researched and succinctly presented that I’ve archived
same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which not only do I believe to be correct, but are
supported by the unequivocal documented facts. This is a must-view, must-see
that I strongly recommend ! The
complete url ( 146 mb – approx. 1 hr. 17 min. ) : http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ]
Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video from Stansberry and
Associates is so well researched and succinctly presented that I’ve archived
same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which not only do I believe to be correct, but are
supported by the unequivocal documented facts. This is a must-view, must-see
that I strongly recommend ! The
complete url ( 146 mb – approx. 1 hr. 17 min. ) : http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ]
BOB
PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New
Lows Blodget ‘Investors have gotten wildly bullish of late, as the bull
market that started in early 2009 keeps driving stocks to new highs. But the
pigs are about to get slaughtered, says Bob Prechter, president of Elliott Wave International and
editor of the Elliott Wave Theorist. Prechter still thinks the new bull market
is just a cyclical "retracement" of some of the bear market losses
that we've had since the market crashed in 2008. Prechter expected this
retracement to drive stocks 50% above the market lows, but stocks have since
soared 30% higher than than he expected. So when the day of reckoning
comes, Prechter thinks, it will be even more startling. And Prechter
still thinks that stocks will eventually crash to new bear-market lows (read:
below 6,800 on the DOW). What makes Prechter think this day of reckoning may
come sooner rather than later? Sentiment indicators and
other technical analysis. Investor bullishness has
now gotten so extreme, Prechter says, that it has exceeded the levels in 2008
before the market crashed. Investors could still get even more bullish,
of course, but eventually they'll pay for this optimism. And Prechter's not just bearish on stocks: He thinks oil,
silver, and other commodities are absurdly overvalued, too. The only
thing he's bullish on is the dollar. And lest he be dismissed as a perma-bear,
Bob Prechter is quick to add that he hopes there will come a day when he can
come on the show and tell everyone that stocks are finally so crushed and hated
that it's a historic opportunity to buy them. When will that be? Stay
tuned...’
Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including China,
Brazil, India and Hong Kong, have been in fairly significant corrections since
November, down between 12% and 17%. Their major concerns have been rising
inflation and the resulting monetary tightening by their central banks to
combat the inflationary pressures.
21
Signs That The Once Great U.S. Economy Is Being Gutted, Neutered, Defanged,
Declawed And Deindustrialized Once upon a time… The Economic Collapse Feb 12, 2011 ‘Once upon a time, the United
States was the greatest industrial powerhouse that the world has ever
seen. Our immense economic machinery was the envy of the rest of the
globe and it provided the foundation for the largest and most vibrant middle
class in the history of the world. But now the once great U.S. economic
machine is being dismantled piece by piece. The U.S. economy is being
gutted, neutered, defanged, declawed and deindustrialized and very few of our
leaders even seem to care. It was the United States that once showed the
rest of the world how to mass produce televisions and automobiles and airplanes
and computers, but now our industrial base is being ripped to shreds.
Tens of thousands of our factories and millions of our jobs have been shipped
overseas. Many of our proudest manufacturing cities have been transformed
into “post-industrial” hellholes that nobody wants to live in anymore.
Meanwhile,
wave after wave of shiny new factories is going up in nations such as China,
India and Brazil. This is great for those countries, but for the millions
of American workers that desperately needed the jobs that have been sent
overseas it is not so great.
This is the
legacy of globalism. Multinational corporations now have the choice
whether to hire U.S. workers or to hire workers in countries where it is legal
to pay slave labor wages. The “great sucking sound” that Ross Perot
warned us about so long ago is actually happening, and it has left tens of
millions of Americans without good jobs.
So what is to
become of a nation that consumes more than it ever has and yet continues to
produce less and less?
Well, the
greatest debt binge in the history of the world has enabled us to maintain (and
even increase) our standard of living for several decades, but all of that debt
is starting to really catch up with us.
The American
people seem to be very confused about what is happening to us because most of
them thought that the party was going to last forever. In fact, most of them
still seem convinced that our brightest economic days are still ahead.
After all,
every time we have had a “recession” in the past things have always turned
around and we have gone on to even greater things, right?
Well, what
most Americans simply fail to understand is that we are like a car that is
having its insides ripped right out. Our industrial base is being gutted
right in front of our eyes.
Most Americans
don’t think much about our “trade deficit”, but it is absolutely central to
what is happening to our economy. Every year, we buy far, far more from
the rest of the world than they buy from us.
In 2010, the
U.S. trade deficit was just a whisker under $500 billion. This is money
that we could have all spent inside the United States that would have supported
thousands of American factories and millions of American jobs.
Instead, we
sent all of those hundreds of billions of dollars overseas in exchange for a
big pile of stuff that we greedily consumed. Most of that stuff we
probably didn’t need anyway.
Since we spent
almost $500 billion more with the rest of the world than they spent with us, at
the end of the year the rest of the world was $500 billion wealthier and the
American people were collectively $500 billion poorer.
That means
that the collective “economic pie” that we are all dividing up is now $500
billion smaller.
Are you
starting to understand why times suddenly seem so “hard” in the United States?
Meanwhile,
jobs and businesses continue to fly out of the United States at a blinding pace.
This is a
national crisis.
We simply
cannot expect to continue to have a “great economy” if we allow our economy to
be deindustrialized.
A nation that
consumes far more than it produces is not going to be wealthy for long.
The following
are 21 signs that the once great U.S. economy is being gutted, neutered,
defanged, declawed and deindustrialized….
#1 The U.S. trade deficit with the rest of the world
rose to 497.8
billion dollars in 2010. That represented a 32.8% increase from 2009.
#2 The U.S. trade deficit with China rose to an
all-time record of 273.1
billion dollars in 2010. This is the largest trade deficit that one
nation has had with another nation in the history of the world.
#3 The U.S. trade deficit with China in 2010 was 27 times
larger than it was back in 1990.
#4 In the years since 1975, the United States had run a
total trade deficit of
7.5 trillion dollars with the rest of the world.
#5 The United States spends more
than 4 dollars on goods and services from China for every one dollar that
China spends on goods and services from the United States.
#6 In 1959, manufacturing represented 28 percent of all U.S. economic
output. In 2008, it represented only 11.5 percent and it continues to
fall.
#7 The number of net jobs gained by the U.S. economy
during this past decade was smaller than during any other
decade since World War 2.
#8 The Bureau of Labor Statistics originally predicted
that the U.S. economy would create approximately 22 million jobs during the
decade of the 2000s, but it turns out that the U.S. economy only produced about 7 million jobs during
that time period.
#9 Japan now manufactures about 5 million more
automobiles than the United States does.
#10 China has now become the world’s largest
exporter of high technology products.
#11 Manufacturing employment in the U.S. computer
industry is actually lower in 2010 than
it was in 1975 .
#12 The United States now has 10 percent fewer “middle class jobs” than it did
just ten years ago.
#13 According to Tax Notes,
between 1999 and 2008 employment at the foreign affiliates of U.S.
parent companies increased an astounding 30 percent to 10.1 million.
During that exact same time period, U.S. employment at American multinational
corporations declined 8 percent to 21.1 million.
#14 Back in 1970, 25 percent of all jobs in the United
States were manufacturing jobs. Today, only 9 percent of the jobs in the
United States are manufacturing jobs.
#15 Back in 1998, the United States had 25 percent of
the world’s high-tech export market and China had just 10 percent. Ten years
later, the United States had less than 15 percent and China’s share had soared to 20 percent .
#16 The number of Americans that have become so
discouraged that they have given up searching for work completely now
stands at an all-time high .
#17 Half of all American workers now earn $505 or less per week.
#18 The United States has lost a staggering 32 percent
of its manufacturing jobs since the year 2000.
#19 Since 2001, over 42,000 U.S. factories have closed
down for good.
#20 In 2008, 1.2 billion cellphones were sold
worldwide. So how many of them were manufactured inside the United
States? Zero .
#21 Ten years ago, the “employment rate” in the United
States was about 64% . Since then it
has been constantly declining and now the “employment rate” in the United
States is only about 58% . So where
did all of those jobs go?
The world is
changing.
We are
bleeding national wealth at a pace that is almost unimaginable.
We are
literally being drained dry.
Did you
know that
China now has the world’s fastest train and the world’s largest high-speed
rail network?
They were able
to afford those things with all of the money that we have been sending them.
How do you
think all of those oil barons in the Middle East became so wealthy and could
build such opulent palaces?
They got rich
off of all the money that we have been sending them.
Meanwhile,
once great U.S. cities such as Detroit, Michigan now look like war zones.
Back in 1985,
the U.S. trade deficit with China was about 6 million dollars for the entire
year.
As mentioned
above, the U.S. trade deficit with China for 2010 was over 273billion
dollars.
What a difference
25 years can make, eh?
What do you
find when you go into a Wal-Mart, a Target or a dollar store today?
You find row
after row after row of stuff made in China and in other far away countries.
It can be more
than a bit difficult to find things that are actually made inside the United
States anymore. In fact, there are quite a few industries that have
completely and totally left the United States. For certain product
categories it is now literally impossible to buy something made in America.
So what are we
going to do with our tens of millions of blue collar workers?
Should we just
tell them that their jobs are not ever coming back so they better learn phrases
such as “Welcome to Wal-Mart” and “Would you like fries with that”?
For quite a
few years, the gigantic debt bubble that we were living in kind of insulated us
from feeling the effects of the deindustrialization of America.
But now the
pain is starting to kick in.
It has now
become soul-crushingly
difficult to find a job in America today.
According
to Gallup , the U.S. unemployment rate is currently 10.1% and when you throw
in “underemployed” workers that figure rises to 19.6%.
Competition
for jobs has become incredibly fierce and it is going to stay that way.
The great U.S.
economic machine is being ripped apart and dismantled right in full view of us
all.
This is not a
“conservative” issue or a “liberal” issue. This is an American issue.
The United
States is rapidly being turned into a “post-industrial” wasteland.
It is time to
wake up America.’
This is
that unmentionable reality as I alluded to earlier on close scrutiny of the
data, ‘that stock prices have been manipulated to the upside beyond any and all
rational basis‘ and as I previously wrote: Perception vs. Reality: Four Reasons to Remain Cautious on U.S.
Equities [ Hey, Abbott … That’s Lou
Costello calling him from the other side … Wake up! … Just kidding … but I’m not
kidding when I say that contrary to Abbott’s view, infra, if you’re not a
successful market timer you should rethink your position as an equity investor.
Moreover, in contradistinction to Mr. Abbott’s implication, if you’re not a
successful speculator (there are very few), you should rethink your position as
a short seller: reason…, you could be wiped out, lose more than your principal,
forced to cover (that’s why
the same is considered a contrary market indicator, particularly in these
manipulated, contrived markets). When I did my MBA thesis (1977, NYU, GBA,
Eve.Prog., Finance), a review of the data revealed even then (and much more so
now with computer programmed market manipulation) that the market remained
biased / propped up (artificially, especially now with computerized
manipulation) to the upside for far longer periods of time than for the
downside which meant that dollar-cost averaging (through regular, periodic
investment, for example), meant you were accumulating shares at higher prices
generally for longer periods of time skewing the average cost to the upside
(dollar-cost-averaging in declining markets was ok if analysis / forecast saw
resurgence based on fundamentals - now absent – which is timing, as even senile
wall street / gov’t shill Buffet would attest, that ‘greedy when others are
fearful thing’). Abbott discusses perception which is the psychological factor
involved in security evaluation / analysis; but investors need not and should
become nuts themselves, particularly when as now, the inmates are running the
asylum. ] Abbott ‘Perception
determines short-term market movements. The difference between perception and
reality determines the direction of major market trends. Though I generally try
to avoid making macro prognostications, I believe bottom-up analysis can be
informative about the current level of stock prices. I want to share what my
recent work tells me about where stocks are (and where they might be headed). I
will outline some various nuggets of collective wisdom that are taken for
granted right now by stock bulls, and I will attempt to demonstrate how reality
is likely to differ from these perceptions.
First, a
disclaimer. This is not a market timing call. At all times, I stay away from
market timing predictions. I think that's a loser's game in the long run. Even
if I'm correct about the discrepancies between the following perceptions and
realities, there's no saying when people will change their minds or shift their
focuses. That said, let's dive in.
Perception
vs. Reality #1 Perception: Low Interest Rates, Questionable Bond Outlook Means Stocks are
Attractive Reality: Interest Rates Are Being Artificially and Deliberately Manipulated
It's no secret
that the Federal Reserve's low interest rate policy and quantitative easing efforts
have held interest rates very low for very long. However, when people talk
about stock market implications of bond yields, they rarely mention the fact
that bond yields are artificially low. In an unmanipulated market,
bond prices and stock valuations should be related, but I regard that
connection as highly dubious right now. Investors who say that stocks deserve
higher multiples (lower earnings yields) because bond yields are so low may
well be setting themselves up for disappointing returns/frustrating losses when
bond prices normalize. Again, this isn't a market timing call, and yields may
remain low for quite some time. But, eventually this discrepancy will correct
itself, and stock performance is likely to suffer at that time.
Perception
vs. Reality #2 Perception: Earnings Growth Has Been Strong and Will Remain That Way Reality: Top-Line Growth Will Have to Pick Up; Cost-Cutting has Run Its
Course
Earnings growth
has certainly been robust, but much of the strength has come from companies
running lean cost structures and wringing as much efficiency as possible out of
their employees and their assets. Though the recession has ended, the economy
is not yet healthy enough to fuel strong sales growth. Companies can only boost
profits by cutting costs and increasing productivity for so long. Therefore,
top-line growth will have to play a larger role going forward than it has over
the past 4-6 quarters. Whether or not economic growth is strong enough to drive
revenue increases is unsure, but the current level of stock prices undoubtedly
assumes it is. Any stagnation of the recovery and concomitant sluggish sales
will likely hit stock prices.
Perception
vs. Reality #3 Perception: European Debt Crisis Drives Short-Term Volatility, but It's Not
a Long-Term Concern Reality: Crisis May Be a Harbinger of What's to Come in the U.S. if States,
the Feds Don't Improve Balance Sheets
So far, turmoil
in Greece and Ireland has served only as a temporary headwind to U.S. stocks.
In keeping with the investment world's increasingly short-term focus, people
seem more concerned with what fiscal crises in Europe mean for U.S. stocks over
the coming days and months than with what they might mean down the road. I
believe that this interpretation misses the mark. Since the U.S. fiscal
situtation is generally considered to be stronger than that in many European
countries, U.S. federal and municipal debt issuance has been relatively smooth,
and interest rates have only risen modestly. If the U.S. doesn't get serious
about its fiscal woes, eventually the crisis will arrive on American shores.
There's no way of telling when this might happen, but the current level of
stock prices seems to imply that it never will.
Here's the
problem with that. To fix the federal balance sheet and/or to improve state and
municipal balance sheets, legislators will have to raise taxes and/or cut
spending. Tax hikes and spending cuts both reduce consumer spending. This hurts
growth. There's no way around this. Stocks can certainly continue to rise for
some time, but austerity will be bearish if/when it comes. If it doesn't come,
we're in for a much bigger crisis some time down the road.
Perception
vs. Reality #4 Perception: Everywhere You Look, You See Good Companies at Cheap Prices Reality: It's Hard to Find Genuine Bargains, but There are Intriguing Short
Prospects Everywhere
There is no
shortage of stock market commentators who claim that they see bargains
everywhere they look. Perhaps I'm not looking in the right places, but I've
been having a difficult and increasingly impossible time finding good companies
at reasonable prices. I use similar criteria to assess long and short
investments, and I find intriguing shorts in lots of sectors right now. This
tells me that valuations are stretched. Certainly they can become more so
before we get a selloff, but every day that stocks rally, they get more
expensive.
I've written on Seeking
Alpha about a number of stocks which I regard as expensive (CRM , OPEN , GMCR ), and take my word for it:
there are plenty more than these whose shares I do not want to own at present
levels. A few weeks ago, I also mused about the Facebook-Goldman deal and
argued that this valuation is indicative of excessive investor enthusiasm. Bargains
are hard to find, and as valuations go up, so does positive sentiment. While
this is not a prediction of an impending correction or bear market, it is a
message of caution for people who think stocks are cheap right now.
All that said, I
always try to consider both sides of any investment issue, and there are some
reasons for optimism. Job growth has shown signs of improvement, and some
economic data have been increasingly (though not uniformly) positive. The
Federal Reserve remains accommodative, and I'm skeptical about whether or not
there is political will for austerity. For these reasons, stocks could continue
onward and upward. That said, I see too many reasons for caution, and investors
are turning a blind eye to these concerns as their complacency rises.’
12
Economic Collapse Scenarios That We Could Potentially See In 2011 What
could cause an economic collapse in 2011? Well, unfortunately there are quite a
few “nightmare scenarios” that could plunge the entire globe into another
massive financial crisis. The Economic Collapse Jan
20, 2011 ‘What could cause an economic collapse in 2011? Well, unfortunately
there are quite a few “nightmare scenarios” that could plunge the entire globe
into another massive financial crisis. The United States, Japan and most
of the nations in Europe are absolutely drowning in debt. The Federal
Reserve continues to play reckless games with the U.S. dollar. The price
of oil is skyrocketing and the global price of food just hit a new record high.
Food riots are already breaking out all over the world. Meanwhile, the
rampant fraud and corruption going on in world financial markets is starting to
be exposed and the whole house of cards could come crashing down at any
time. Most Americans have no idea that a horrific economic collapse could
happen at literally any time. There is no way that all of this debt and
all of this financial corruption is sustainable. At some point we are
going to reach a moment of “total system failure”.
So will it be
soon? Let’s hope not. Let’s certainly hope that it does not happen
in 2011. Many of us need more time to prepare. Most of our families
and friends need more time to prepare. Once this thing implodes there
isn’t going to be an opportunity to have a “do over”. We simply will not
be able to put the toothpaste back into the tube again.
So we had all
better be getting prepared for hard times. The following are 12 economic
collapse scenarios that we could potentially see in 2011….
#1 U.S. debt could become a massive crisis at any
moment. China is saying all of the right things at the moment, but many
analysts are openly worried about what could happen if China suddenly
decides to start dumping all of the U.S. debt that they have
accumulated. Right now about the only thing keeping U.S. government
finances going is the ability to borrow gigantic amounts of money at extremely
low interest rates. If anything upsets that paradigm, it could potentially
have enormous consequences for the entire world financial system.
#2 Speaking of threats to the global financial system,
it turns out that “quantitative easing 2″ has had the exact opposite
effect that Ben Bernanke planned for it to have. Bernanke insisted that
the main goal of QE2 was to lower interest rates, but instead all it has done
is cause interest rates to go up substantially .
If Bernanke this incompetent or is he trying to mess everything up on purpose?
#3 The debt bubble that the entire global economy is
based on could burst at any time and throw the whole planet into chaos. According
to a new report from the World Economic Forum , the total amount of credit
in the world increased from $57 trillion in 2000 to $109 trillion in
2009. The WEF says that now the world is going to need another $100
trillion in credit to support projected “economic growth” over the next
decade. So is this how the new “global economy” works? We just keep
doubling the total amount of debt every decade?
#4 As the U.S. government and the Federal Reserve
continue to pump massive amounts of new dollars into the system, the floor
could fall out from underneath the U.S. dollar at any time. The truth is
that we are already starting to see inflation really accelerate and everyone
pretty much acknowledges that official U.S. governments figures for inflation
are an absolute joke. According
to one new study , the cost of college tuition has risen 286% over the last
20 years, and the cost of “hospital, nursing-home and adult-day-care services”
rose 269% during those same two decades. All of this happened during a
period of supposedly “low” inflation. So what are price increases going
to look like when we actually have “high” inflation?
#5 One of the primary drivers of global inflation
during 2011 could be the price of oil. A large number of economists are
now projecting that the price of oil could surge well
past $100 dollars a barrel in 2011. If that happens, it is going to
put significant pressure on the price of almost everything else in the entire
global economy. In fact, as
I have explained previously , the higher the price of oil goes, the faster
the U.S. economy will decline.
#6 Food inflation is already so bad in some areas of
the globe that it is setting off massive food riots
in nations such as Tunisia and Algeria. In fact, there have been reports
of people setting themselves on fire all
over the Middle East as a way to draw attention to how desperate they
are. So what is going to happen if global food prices go up another 10 or
20 percent and food riots spread literally all over the globe during 2011?
#7 There are persistent
rumors that simply will
not go away of massive physical gold and silver shortages. Demand for
precious metals has never been higher. So what is going to happen when
many investors begin to absolutely insist on physical delivery of their
precious metals? What is going to happen when the fact that far, far, far
more “paper gold” and “paper silver” has been sold than has ever actually
physically existed in the history of the planet starts to come out? What
would that do to the price of gold and silver?
#8 The U.S. housing industry could plunge the U.S.
economy into another recession at any time. The real estate market is
absolutely flooded with homes and virtually nobody is buying. This
massive oversupply of homes means that the construction of new homes has fallen
off a cliff. In 2010, only
703,000 single family, multi-family and manufactured homes were
completed. This was a new record low, and it was down 17% from the
previous all-time record which had just been set in 2009.
#9 A combination of extreme weather and disease could
make this an absolutely brutal year for U.S. farmers. This winter we have
already seen thousands of new cold weather and snowfall records set across the
United States. Now there is some very disturbing news emerging out of
Florida of an “incurable
bacteria” that is ravaging citrus crops all over Florida. Is there a
reason why so many bad things are happening all of a sudden?
#10 The municipal bond crisis could go “supernova” at
any time. Already, investors are bailing out of bonds at a frightening
pace. State and local government debt is now sitting at an all-time high
of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal
bond crisis that we are facing is a gigantic threat to our financial system….
“It has
tentacles as wide as anything I’ve seen. I think next to housing this is the
single most important issue in the United States and certainly the largest
threat to the U.S. economy.”
Former Los Angeles mayor Richard Riordan is convinced
that things are so bad that literally 90% of our states and cities could go
bankrupt over the next five years….
#11 Of course on top of everything else, the quadrillion
dollar derivatives bubble could burst at any time. Right now we are
watching the greatest financial
casino in the history of the globe spin around and around and around and
everyone is hoping that at some point it doesn’t stop. Today, most money
on Wall Street is not made by investing in good business ideas. Rather,
most money on Wall Street is now made by making the best bets.
Unfortunately, at some point the casino is going to come crashing down and the
game will be over.
#12 The biggest wildcard of all is war. The Korean
peninsula came closer to war in 2010 than it had in decades. The Middle
East could literally explode at any time. We live in a world where a
single weapon can take out an entire city in an instant. All it would
take is a mid-size war or a couple of weapons of mass destruction to throw the
entire global economy into absolute turmoil.
Once again,
let us hope that none of these economic collapse scenarios happens in 2011.
However, we
have got to realize that we can’t keep dodging these bullets forever.
As bad as 2010
was, the truth is that it went about as good as any of us could have
hoped. Things are still pretty stable and times are still pretty good
right now.
But instead of
using these times to “party”, we should be using them to prepare.
A really,
really vicious economic storm is coming and it is going to be a complete and
total nightmare. Get ready, hold on tight, and say your prayers.’
Poor
Recovery: The Problem Is Institutional [ Well it’s true that the problem is
institutional as in pervasively corrupt, incompetent, nonproductive in real
terms relative to their cost / damage (still no pros on the wall street fraud
which is ongoing in terms of the last crisis, the worthless paper marked to
anything, and the current bubble fraud that’s high-frequency computerized
churn-and-earn high-frequency commissioned / sold into, 360 tons of $100 bills
disappear in Iraq, etc.. What do they get paid for?) ( Peter
Schiff: Washington a parasite to economy ‘US
foreclosures hit record highs in 2010, but that may not be the worst of it.
2011 may be even worse. Meanwhile, JP Morgan Chase exceeded market
expectations, announcing a 47% rise in quarterly profits and released details
on a $28.1 billion pay and bonus pool. Peter Schiff, the President of Euro
Pacific Capital said Washington and Wall Street are becoming one force and are
sucking the underlying American dry like a parasite’ .); but the problem
is structural, as in transfer of jobs, industries, etc. (among the sources of
the huge over-compensation to wall street, company executives), never to return
in any meaningful sense; and as in the defacto bankruptcy of the nation with
insurmountable record debt / deficits or stated another way, broke. Unlike in
the past, once beyond the propaganda, rhetoric, and smoke and mirrors /
obfuscation, there is no prospective way for america to grow its way out, nor
are there funds in real money with which to do it. Quite simply, america’s
broke / bankrupt in every which way. ]
Loundsbury ‘Harold Meyerson, Op Ed Columnist at The Washington Post ,
has hit the nail right on the head, in the opinion of GEI . Meyerson
says the debate about whether the recession and poor recovery is a cyclical
problem or a structural problem is misguided. He says the problem is
institutional - - - and is he ever right!In a column
last week, Myerson points out that the devastation of The Great Recession has
fallen disproportionately on the blue collar population, those without a
college degree. And he traces the rolling over of median family income in this
century, not just in the downturn, but since the turn of the century. Even at
the peak, in 2007, median family income was less than in 2000.
What Meyerson
doesn't point out is that average incomes have faired better in the 21st
century and in all of the past 50 years. In fact, average family income has
risen more than 2.5 times as much and median income over the last 30 years. Why
is this important? Because the more there is a fat tail of ever higher incomes
for a few, the greater the difference between average and median income
becomes.
Myerson says:
The great sociologist William
Julius Wilson has long argued that the key to the
unraveling of the lives of the African American poor was the decline in the
number of "marriageable males" as work disappeared from the inner
city. Much the same could now be said of working-class whites in neighborhoods
that may not look like the ghettos of Cleveland or Detroit but in which
productive economic activity is increasingly hard to find.
This grim new reality has yet to inform our debate
over how to come back from this mega-recession. Those who believe our downturn
is cyclical argue that job-creating public spending can restore us to
prosperity, while those who believe it's structural - that we have too many
carpenters, say, and not enough nurses - believe that we should leave things be
while American workers acquire new skills and enter different lines of work.
But there's a third way to look at the recession: that it's institutional, that
it's the consequence of the decisions by leading banks and corporations to stop
investing in the job-creating enterprises that were the key to broadly shared
prosperity.
Since Meyerson has chosen income disparity as a
cornerstone of his argument, let's look at how incomes have grown over the last
50 years. These are shown in the following graph, not adjusted for inflation.
click to enlarge images [chart]
Real median income and average income seem to grow
similarly in the 1950s and 1960s, the growth of average income starts to pull
away in the mid-1960s and appears to continue to gain gound for the the next
40+ years. The more average income deviates from median income the more money
is found in the high income tail on the distribution curve. This is often
called a "fat tail", which is very appropriate in this discussion
because that is where the fat cats are. The fat tail has not gotten so because ten
times as many people equaled the incomes of the former fat cats, but more
because a few fat cats have received 10 times the income. This is exemplified
by the often quoted statistic that average CEO salaries were 40x average worker
pay 50 years ago and today are more like 400x.
The change income distribution that seems to be
appearing in the above graph becomes more apparent in the following graph where
real income gains are shown for the last six decades starting with the ten
years from 1949 - 1959 (the 1950s) and ending with 1999 - 2009 (the 2000s). [chart]
The 1950s and 60s were real boom years. Starting with
the 1970s a lower level of income growth was established, but even that lower
level could not be maintained in the 2000s.
After the 1950s every decade has seen average real
income grow more than the median. The fat tail has gotten fatter over the past
half century in every decade, without exception. Yes the average did decline in
the 2000s, but the median declined 76% more!
The most dramatic pattern of change is evident when
the data is divided into two halves: 1949 to 1979 and 1979 - 2009. This is done
in the following graph: [chart]
For thirty years after World War II the wealth of the
country increased in a balanced manner. The average income containing the
greater contribution from the top earners of the day, grew at a rate very
similar to the income growth of the broader population, represented by the
median.
Yes there were "fat cats" and they had
significantly larger incomes than the bulk of the population. And these top
incomes grew over those three decades, but at almost the same rate as the
majority of the populace.
Then something happened. From 1979-2009 it appears
that the American pie suddenly got smaller. In the later three decades the real
median income growth was less than 10% of the rate seen from 1949 to 1979. And
as the pie got smaller, the fat cats took a much larger share. The average
income grew at a rate 254% that of the median income. You might say that, as
the cow gave less milk, the top of the economic ladder skimmed more and more
cream off the top.
Meyerson identifies the force majuere to be
corporate America:
Our multinational companies still invest, of course -
just not at home. A study by the Business
Roundtable and the U.S. Council Foundation found that the
share of the profits of U.S.-based multinationals that came from their foreign
affiliates had increased from 17 percent in 1977 and 27 percent in 1994 to 48.6
percent in 2006. As the companies' revenue from abroad has increased, their
dependence on American consumers has diminished. The equilibrium among
production, wages and purchasing power - the equilibrium that Henry Ford
famously recognized when he upped his workers' pay to an unheard-of $5 a day in
1913 so they could afford to buy the cars they made, the equilibrium that
became the model for 20th-century American capitalism - has been shattered.
Making and selling their goods abroad, U.S. multinationals can slash their
workforces and reduce their wages at home while retaining their revenue and
increasing their profits. And that's exactly what they've done.
Meyerson doesn't get into some of the other areas
that might be brought to bear on the current condition of the American economy:
He doesn't address the fact that the U.S. ranks
below some third world countries in education. He doesn't discuss the increasing burden of
health care, both because costs have been running out of control and
because an ever increasing portion of the population is kept from making
the contribution they might have otherwise because of poor health. He doesn't discuss the capture of much potential
domestic capital by financial engineers who find it much easier to get
rich in a rigged casino than to make money the old fashioned way.
Part of the problem is that Americans have fallen
into the way of the easiest path, where, either by credit card or by making
quick trades, the desires of the moment are satisfied with no seemingly current
cost.
It seems that few want to think about the needs of
tomorrow. This is true starting with the masses who kiss off the idea of
working hard in school to prepare for what they will need 20 years down the
road. This is also true of the "capitalist" who finds that skimming a
few percent off each of many deals a year to get quick, large quarterly returns
is much easier than investing and building something that will will make much
larger returns extending over decades and producing things of real economic
utility.
There are a number of things that Meyerson does not
address, but if you want to hit one nail at a time, I think he has picked the
baddest nail in the plank. He finishes his column thusly:
Our economic woes, then, are not simply cyclical or
structural. They are also - chiefly - institutional, the consequence of U.S.
corporate behavior that has plunged us into a downward cycle of
underinvestment, underemployment and under-consumption. Our solutions must be
similarly institutional, requiring, for starters, the seating of public and
worker representatives on corporate boards. Short of that, there will be no
real prospects for reversing America's downward mobility.
If we were to address all the other issues I
mentioned previously and did not address the institutional problem Meterson has
identified, we would not ultimately solve our economic puzzle.’
20
Shocking New Economic Records That Were Set In 2010 2010 was quite a year,
wasn’t it? 2010 will be remembered for a lot of things, but for those living in
the United States, one of the main things that last year will be remembered for
is economic decline…The Economic
Collapse Jan 14, 2011 ‘2010 was
quite a year, wasn’t it? 2010 will be remembered for a lot of things, but
for those living in the United States, one of the main things that last year
will be remembered for is economic decline. The number of foreclosure
filings set a new record, the number of home repossessions set a new record,
the number of bankruptcies went up again, the number of Americans that became
so discouraged that they simply quit looking for work reached a new all-time
high and the number of Americans on food stamps kept setting a brand new record
every single month. Meanwhile, U.S. government debt reached record highs,
state government debt reached record highs and local government debt reached
record highs. What a mess! In fact, even many of the “good”
economic records that were set during 2010 were indications of underlying
economic weakness. For example, the price of gold set an all-time record
during 2010, but one of the primary reasons for the increase in the price of
gold was that the U.S. dollar was rapidly losing value. Most Americans
had been hoping that 2010 would be the beginning of better times, but
unfortunately economic conditions just kept getting worse.
So will things
improve in 2011? That would be nice, but at this point there are not a
whole lot of reasons to be optimistic about the economy. The truth is
that we are trapped in a period of long-term economic decline and we are now
paying the price for decades of horrible decisions.
Amazingly,
many of our politicians and many in the mainstream media have declared that
“the recession is over” and that the U.S. economy is steadily improving now.
Well, if
anyone tries to tell you that the economy got better in 2010, just show them
the statistics below. That should shut them up for a while.
The following
are 20 new economic records that were set during 2010….
#1 An all-time record of 2.87
million U.S. households received a foreclosure filing in 2010.
#2 The number of homes that were actually repossessed reached
the 1 million mark for the first time ever during 2010.
#3 The price of gold moved above $1400 an ounce for the
first time ever during 2010.
#4 According to the American Bankruptcy Institute,
approximately 1.53
million consumer bankruptcy petitions were filed in 2010, which was up 9
percent from 1.41 million in 2009. This was the highest number of
personal bankruptcies we have seen since the U.S. Congress substantially
tightened U.S. bankruptcy law several years ago.
#5 At one point during 2010, the average time needed to
find a job in the United States had risen to an all-time record of 35.2 weeks .
#6 Back in 1970, 25 percent of all jobs in the United
States were manufacturing jobs. Today, only 9 percent of the jobs in the
United States are manufacturing jobs, which is believed to be a new record low.
#7 The number of Americans working part-time jobs “for
economic reasons” was the highest it has been in at least five decades
during 2010.
#8 The number of American workers that are so
discouraged that they have given up searching for work reached an all-time high near the end of 2010.
#9 Government spending continues to set new all-time
records. In fact, at the moment the U.S. government is spending
approximately 6.85 million
dollars every single minute.
#10 The number of Americans on food stamps surpassed
43 million by the end of 2010. This was a new all-time record, and
government officials fully expect the number of Americans enrolled in the
program to continue to increase throughout 2011.
#11 The number of Americans on Medicaid surpassed 50 million
for the first time ever in 2010.
#12 The U.S. Census Bureau originally announced that
43.6 million Americans are now living in poverty and according to them that was
the highest number of Americans living in poverty that they had ever
recorded in 51 years of
record-keeping . But now the Census Bureau says that they
miscalculated and that the real number of poor Americans is actually 47.8 million .
#13 According to the FDIC, 157
banks failed during 2010. That was the highest number of bank
failures that the United States has experienced in any single year during the
past decade.
#14 The Federal Reserve brought in a record $80.9 billion in profits during
2010. They returned $78.4 billion of that to the U.S. Treasury, but the
real story is that thanks to the Federal Reserve’s continual debasement of our
currency, the U.S. dollar was
worth less in 2010 than it ever had been before.
#15 It is projected that the major financial firms on
Wall Street will pay out an all-time record of $144 billion in compensation for
2010.
#16 Americans now owe more than $881 billion on student loans,
which is a new all-time record.
#17 In July, sales of new homes in the United
States declined to the lowest level
ever recorded .
#18 According to Zillow, U.S. housing prices have now
declined a
whopping 26 percent since their peak in June 2006. Amazingly, this is
even farther than house prices fell during the Great Depression. From
1928 to 1933, U.S. housing prices only fell 25.9 percent.
#19 State and local government debt reached at an
all-time record of 22 percent of U.S. GDP during 2010.
#20 The U.S. national debt has surpassed the 14 trillion
dollar mark for the first time ever and it is being projected that it will
soar well past 15 trillion during 2011.
There are some
people that have a hard time really grasping what statistics actually
mean. For people like that, often pictures and charts are much more
effective. Well, that is one reason I like to include pictures and graphs
in many of my articles, and below I have posted my favorite chart from this
past year. It shows the growth of the U.S. national debt from 1940 until
today. I honestly don’t know how anyone can look at this chart and still
be convinced that our nation is not headed for a complete financial meltdown….[chart]
14 Eye Opening Statistics Which Reveal Just How
Dramatically The U.S. Economy Has Collapsed Since 2007 The
Economic Collapse Jan 10, 2011
Sadly,
our economic situation is continually getting worse. Every month the
United States loses more factories. Every month the United States loses
more jobs. Every month the collective wealth of U.S. citizens continues
to decline. Every month the federal government goes into even more
debt. Every month state and local governments go into even more debt.
Unfortunately,
things are going to get even worse in the years ahead. Right now we look
back on 2005, 2006 and 2007 as “good times”, but in a few years we will look
back on 2010 and 2011 as “good times”.
We
are in the midst of a long-term economic decline, and the very bad economic
choices that we have been making as a nation for decades are now starting to
really catch up with us.
So
as horrible as you may think that things are now, just keep in mind that things
are going to continue to deteriorate in the years ahead.
But
for the moment, let us remember how far we have fallen over the past few
years. The following are 14 eye opening statistics which reveal just how
dramatically the U.S. economy has collapsed since 2007….
#1
In November 2007, the official U.S. unemployment rate was just 4.7
percent. Today, the official U.S. unemployment rate is 9.4 percent
#2
In November 2007, 18.8% of unemployed Americans had been out of work for 27
weeks or longer. Today that percentage is up to 41.9%
#3
As 2007 began, there were just over 1 million Americans that had been
unemployed for half a year or longer. Today, there are over
6 million Americans
#4
Nearly 10 million Americans now receive unemployment insurance, whichis
almost four times
#5
More than half of the U.S. labor force (55 percent
#6
According to one analysis, the United States has lost a total of approximately
10.5 million jobs
#7
As 2007 began, only 26 million Americans were on food stamps. Today, an
all-time record of 43.2 million Americans
#8
In 2007, the U.S. government held a total of $725 billion in mortgage
debt. As of the middle of 2010, the U.S. government held a total of $5.148 trillion
#9
In the year prior to the “official” beginning of the most recent recession in
2007, the IRS filed just 684,000 tax liens against U.S. taxpayers. During
2010, the IRS filed over a million tax liens
#10
From the year 2000 through the year 2007, there were 27 bank failures in the
United States. From 2008 through 2010, there were 314 bank failures
#11
According to the U.S. Department of Housing and Urban Development, the number
of U.S. families with children living in homeless sheltersincreased from 131,000 to 170,000
#12
In 2007, one poll found that 43 percent of Americans were living “paycheck to
paycheck”. Sadly, according to a survey released very close to the end of
2010, approximately 55 percent
#13
In 2007, the “official” federal budget deficit was just 161 billion
dollars. In 2010, the “official” federal budget deficit was approximately 1.3 trillion dollars
#14
As 2007 began, the U.S. national debt was just under 8.7 trillion
dollars. Today, the U.S. national debt has just surpassed 14 trillion dollars
So
is there any hope that we can turn all of this around?
Unfortunately,
the massive amount of debt that we have piled up as a society over the last
several decades has made that impossible.
If
you add up all forms of debt (government debt, business debt, individual debt),
it comes to approximately 360 percent of GDP. It is the biggest debt
bubble in the history of the world.
If
the federal government and our state governments stop borrowing and spending so
much money, our economy would collapse. But if they keep borrowing and
spending so much money they will continually make the eventual economic
collapse even worse
We
are in the terminal stages of the most horrific debt spiral the world has ever
seen, and when the debt spiral gets stopped the house of cards is going to
finally come down for good.
So
enjoy these times while you still have them. Yes, today is not nearly as
prosperous as 2007 was, but today is most definitely a whole lot better than
2015 or 2020 is going to be.
Sadly,
we could have avoided this financial disaster completely if only we had
listened more carefully to those that founded this nation. Once upon a
time, Thomas Jefferson said
the following
I wish it were possible to obtain a
single amendment to our Constitution. I would be willing to depend on that
alone for the reduction of the administration of our government to the genuine
principles of its Constitution; I mean an additional article, taking from the
federal government the power of borrowing.’
Tipping
Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The
financial collapse that so many of us have been anticipating is seemingly
closer then ever. Over the past several weeks, there have been a host of
ominous signs for the U.S. economy.The Economic Collapse
The financial
collapse that so many of us have been anticipating is seemingly closer then
ever. Over the past several weeks, there have been a host of ominous
signs for the U.S. economy. Yields on U.S. Treasuries have moved up
rapidly and Moody’s is publicly warning that it may have to cut the rating on
U.S. government debt soon. Mortgage rates are also moving up
aggressively. The euro and the U.S. dollar both look incredibly
shaky. Jobs continue to be shipped out of the United States at a
blistering pace as our politicians stand by and do nothing. Confidence in
U.S. government debt around the globe continues to decline. State and
local governments that are drowning in debt across the United States are
savagely cutting back on even essential social services and are coming up with
increasingly “creative” ways of getting more money out of all of us.
Meanwhile, tremor after tremor continues to strike the world financial
system. So does this mean that we have almost reached a tipping point?
Is the world on the verge of a major financial collapse?
Let’s hope
not, but with each passing week the financial news just seems to get eve
worse. Not only is U.S. government debt spinning wildly toward a breaking
point, but many U.S. states (such as California) are in such horrific financial
condition that they are beginning to resemble banana republics.
But it is not
just the United States that is in trouble. Nightmarish debt problems in
Greece, Spain, Portugal, Ireland, Italy, Belgium and several other European nations
threaten to crash the euro at any time. In fact, many economists are now
openly debating which will collapse first – the euro or the U.S. dollar.
Sadly, this is
the inevitable result of constructing a global financial system on debt.
All debt bubbles eventually collapse. Currently we are living in the
biggest debt bubble in the history of the world, and when this one bursts it is
going to be a disaster of truly historic proportions.
So will we
reach a tipping point soon? Well, the following are 25 signs that the
financial collapse is rapidly getting closer….
#1 The official U.S. unemployment rate has not been
beneath 9 percent since
April 2009 .
#2 According to the U.S. Census Bureau, there are
currently 6.3
million vacant homes in the United States that are either for sale or for
rent.
#3 It is being projected that the U.S. trade deficit
with China could hit 270 billion dollars
for the entire year of 2010.
#4 Back in 2000, 7.2 percent of blue collar workers
were either unemployed or underemployed. Today that figure is up
to 19.5 percent .
#5 The Chinese government has accumulated approximately
$2.65 trillion in
total foreign exchange reserves. They have drained this wealth from the
economies of other nations (such as the United States) and instead of
reinvesting all of it they are just sitting on much of it. This is
creating tremendous imbalances in the global economy.
#6 Since the year 2000, we have lost 10% of our middle class jobs. In the
year 2000 there were approximately 72 million middle class jobs in the United
States but today there are only about 65 million middle class jobs.
#7 The United States now employs about the same number
of people in manufacturing as
it did back in 1940 . Considering the fact that we had 132 million
people living in this country in 1940 and that we have well over 300 million
people living in this country today, that is a very sobering statistic.
#8 According to CoreLogic, U.S. housing prices have now
declined for
three months in a row .
#9 The average rate on a 30 year fixed rate mortgage soared
11 basis points just this past week. As mortgage rates continue to
push higher it is going to make it even more difficult for American families to
afford homes.
#10 22.5 percent of all residential mortgages in the
United States were in negative equity as of the end of the third quarter
of 2010.
#11 The U.S. monetary base has
more than doubled since the beginning of the most recent recession.
#12 U.S. Treasury yields have been rising steadily
during the 4th quarter of 2010 and
recently hit a six-month high .
#13 Incoming governor Jerry Brown is scrambling to find
$29 billion more to cut from the California state budget. The
following quote from Brown about the desperate condition of California
state finances is not going to do much to inspire confidence in California’s
financial situation around the globe….
“We’ve been living in fantasy land. It is much worse
than I thought. I’m shocked.”
#14
24.3
percent of the residents of El Centro, California are currently unemployed.
#15
The average home in Merced, California has declined in value by
63 percent over the past four years.
#16
Detroit Mayor Dave Bing has come up with a new way to save money. He
wants to cut 20
percent of Detroit off from essential social services such as road repairs,
police patrols, functioning street lights and garbage collection.
#17
The second most dangerous city in the United States – Camden, New Jersey – is
about to lay off about
half its police in a desperate attempt to save money.
#18
In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent. More older
Americans than ever find that they have to keep working just to survive.
#19
Back in 1998, the United States had 25 percent of the world’s high-tech export
market and China had just 10 percent. Ten years later, the United States had
less than 15 percent and China’s share had soared to 20 percent .
#20
The U.S. government budget deficit increased to a whopping $150.4 billion last
month, which represented the biggest November budget deficit on record .
#21
The U.S. government is somehow going to have to roll over existing debt and
finance new debt that
is equivalent to 27.8 percent of GDP in 2011.
#22
The United States had been the leading consumer of energy on the globe for
about 100 years, but this past summer China took over the number one spot .
#23
According to an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail out of the
profession over the next three years.
#24
As 2007 began, there were just over 1 million Americans that had been
unemployed for half a year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#25
All over the United States, local governments have begun instituting “police
response fees”. For example, New York Mayor Michael Bloomberg has come up
with a plan under which a
fee of $365 would be charged if police are called to respond to an
automobile accident where no injuries are involved. If there are injuries
as a result of the crash that is going to cost extra.
16
Nightmarish Economic Trends To Watch Carefully In 2011 The
American Dream Dec 15, 2010 ‘If you only watch the “economic pundits” on
television, it can be very confusing to figure out exactly what is happening
with the U.S. economy. One pundit will pull out a couple statistics that
got a little bit better over the past month and claim that we have entered a
time of solid recovery. Another pundit will pull out a couple statistics
that got a little worse over the past month and claim that we are headed for trouble.
So what is the truth? Well, if you really want to get a clear idea of
what is really going on you have to look at the long-term trends. There
are some economic trends which just keep getting worse year after year after
year, and it is those trends that tell the real story of the decline of our
economic system.As you examine
the long-term trends, you quickly come to realize that the U.S. is trapped in
an endless spiral of debt, the middle class is being wiped out, the U.S. dollar
is being destroyed and America is rapidly becoming a post-industrial wasteland.
Posted below
are 16 nightmarish economic trends to watch carefully in 2011. It is
becoming exceedingly apparent that unless something is done rapidly we are
heading for an economic collapse of unprecedented magnitude….
#1 Do you want to see something scary? Just check
out the chart below. Since the beginning of the economic downturn, the
U.S. monetary base has more than doubled. But don’t worry – Federal
Reserve Chairman Ben Bernanke has promised us that this could never cause
inflation. In fact, Bernanke says that we need to inject even more
dollars into the economy. So if you are alarmed by the chart below, you
are just being irrational according to Bernanke….
[chart]
#2 Thousands of our factories, millions of our jobs and
hundreds of billions of dollars of our national wealth continue to be shipped
overseas. In 1985, the U.S. trade deficit with China was 6 million dollars
for the entire year . In the month of August
alone, the U.S. trade deficit with China was over 28 billion . Nobel economist Robert W. Fogel of the University of Chicago
is projecting that the Chinese economy will be three times larger than the U.S. economy by the
year 2040 if current trends continue.
#3 The United States is rapidly becoming a
post-industrial wasteland. Back in 1959, manufacturing represented 28
percent of all U.S. economic output. In 2008, it represented only
11.5 percent and it continues to fall. Sadly, the truth is that America
is being deindustrialized. As of the end of 2009, less
than 12 million Americans worked in manufacturing. The last time that
less than 12 million Americans were employed in manufacturing was in 1941.
#4 The number of Americans that have been out of work
for an extended period of time has absolutely exploded over the last few
years. As 2007 began, there were just over 1 million Americans that had
been unemployed for half a year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#5 The middle class continues to be squeezed out of
existence. According to a poll
taken in 2009 , 61 percent of Americans ”always or usually” live
paycheck to paycheck. That was up substantially from 49 percent
in 2008 and 43 percent in 2007.
#6 The number of Americans living in poverty is
absolutely skyrocketing. 42.9 million Americans are now on food
stamps, and one out of every six Americans is now enrolled
in at least one anti-poverty program run by the federal government.
Unfortunately, many of those that have been hardest hit by this economic
downturn have been children. According to one new study,
approximately 21 percent of all children in the United States are
living below the poverty line in 2010 - the highest rate in 20 years.
#7 Many American families have been pushed beyond the
breaking point during this economic downturn. Over 1.4 million Americans
filed for personal bankruptcy in 2009, which represented a
32 percent increase over 2008 . The final number for 2010 is expected
to be even higher.
#8 The U.S. real estate market continues to
stagnate. During
the third quarter of 2010 , 67 percent of mortgages in Nevada were
“underwater”, 49 percent of mortgages in Arizona were “underwater” and 46
percent of mortgages in Florida were “underwater”. So what happens if
home prices go down even more?
#9 More elderly Americans than ever are being forced to
put off retirement and continue working. In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent.
Unfortunately, it looks like this problem will only get worse in the years
ahead. In America today, approximately half of all workers have
less than $2000 saved up for retirement.
#10 In the United States today, there are simply far too
many retirees and not nearly enough workers to support them. Back in 1950
each retiree’s Social Security benefit was paid for by 16
workers. Today, each retiree’s Social Security benefit is paid for
by approximately 3.3 workers. By 2025 it is projected that
there will be approximately two workers for each retiree.
#11 Financial assets continue to become concentrated in
fewer and fewer hands. For example, the “big four” U.S.
banks (Citigroup, JPMorgan Chase, Bank of America and Wells
Fargo) had approximately 22 percent of all deposits in FDIC-insured
institutions back in 2000. As of the middle of 2009 that figure was up to 39 percent .
#12 The Federal Reserve has been destroying the value of
the U.S. dollar for decades. Since the Federal Reserve was created in
1913, the U.S. dollar has lost over 95 percent of its purchasing power.
An item that cost $20.00 in 1970 would cost you $112.35 today. An item
that cost $20.00 in 1913 would cost you $440.33 today.
#13 Commodity prices continue to soar into the
stratosphere. Ten years ago, the price of a barrel of oil hovered around 20 to 30
dollars most of the time. Today, the price of oil is rapidly closing
in on 100 dollars a barrel and there are now fears that it could soon go much
higher than that.
#14 Federal government spending is completely and
totally out of control. The U.S. government budget deficit increased to a
whopping $150.4 billion last month, which represented the biggest November deficit on record . But our
politicians can’t seem to break their addiction to debt. In fact, Democrats
are trying to ram through a
1,924 page, 1.1 trillion dollar spending bill in the final days of the
lame-duck session of Congress before the Republicans take control of the House
of Representatives next year.
#15 The U.S. national debt is rapidly closing in on 14 trillion dollars . It is more
than 13 times larger than it was just 30 short years ago. According to an
official U.S. Treasury Department report to Congress, the U.S. national
debt is projected to climb
to an estimated $19.6 trillion by 2015 .
#16 Unfortunately, the official government numbers
grossly understate the horrific nature of the crisis we are facing. John
Williams of Shadow Government Statistics has calculated that if the federal
government would have used GAAP accounting standards to measure the federal budget
deficit for 2009, it would have been approximately 8.8
trillion dollars . Not only that, but John Williams now says that U.S.
government debt is
so wildly out of control that it is mathematically impossible for us to
“grow” our way out of it….
The government’s finances not only are out of
control, but the actual deficit is not containable. Put into perspective,
if the government were to raise taxes so as to seize 100% of all wages,
salaries and corporate profits, it still would be showing an annual deficit
using GAAP accounting on a consistent basis. In like manner, given
current revenues, if it stopped spending every penny (including defense and
homeland security) other than for Social Security and Medicare obligations, the
government still would be showing an annual deficit. Further, the U.S. has
no potential way to grow out of this shortfall.
The more one examines the U.S. economic situation,
the more depressing it becomes. The U.S. financial system is trapped
inside a horrific debt spiral and we are headed straight for economic
oblivion.
If our leaders attempt to interrupt the debt spiral
it will plunge our economy into a depression. If our leaders attempt to
keep the debt spiral going for several more years it will just make the
eventual crash even worse. Either way, we are headed for a financial
implosion that will be truly historic.
The debt-fueled good times that we have been enjoying
for the last several decades are rapidly coming to an end. Unfortunately
for the tens of millions of Americans that are already suffering, our economic
problems are only going to get worse in the years ahead.’
Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘…
Unemployment is up again! That’s right – even though Wall Street is swimming in
cash and the Obama administration is declaring that “the recession is over”,
the U.S. unemployment rate has gone even higher. So are you enjoying the
jobless recovery? Economic
Collapse Blog Dec 4, 2010 ‘Guess what? Unemployment is up
again! That’s right – even though Wall Street is swimming in cash and the
Obama administration is declaring that “the recession is over”, the U.S.
unemployment rate has gone even higher ... Times are really, really tough and
unfortunately the long-term outlook is very bleak. We should have
compassion on those who are out of work right now, because soon many of us may
join them.The following
are 25 unemployment statistics that are almost too depressing to read….
#1 According to the Bureau of Labor Statistics, the
U.S. unemployment rate for November was 9.8
percent . This was up from 9.6 percent in October, and it continues a
trend of depressingly high unemployment rates. The official unemployment
number has been at 9.5 percent or higher for well over a year at this point.
#2 In November 2006, the “official” U.S. unemployment
rate was just 4.5
percent .
#3 Most economists had been expecting the U.S. economy
to add about 150,000 jobs in November. Instead, it
only added 39,000 .
#4 In the United States today, there are over 15
million people who are “officially” considered to be unemployed for
statistical purposes. But everyone knows that the “real” number is even
much larger than that.
#5 As 2007 began, there were just over 1 million
Americans that had been unemployed for half a year or longer. Today,
there are over
6 million Americans that have been unemployed for half a year or longer.
#6 The number of “persons not in the labor force” in
the United States recently
set another new all-time record .
#7 It now takes the average unemployed American over
33 weeks to find a job.
#8 When you throw in “discouraged workers” and
“underemployed workers”, the “real” unemployment rate in the state of
California is
actually about 22 percent .
#9 In America today there are not nearly enough jobs
for everyone. In fact, there are now approximately
5 unemployed Americans for every single job opening.
#10 According
to The New York Times , Americans that have been unemployed for five weeks
or less are three times more likely to find a new job in the coming month than
Americans that have been unemployed for over a year.
#11 The U.S. economy would need to create 235,120
new jobs a month to get the unemployment rate down to pre-recession levels
by 2016. Does anyone think that there is even a prayer that is going to
happen?
#12 There are 9
million Americans that are working part-time for “economic reasons”.
In other words, those Americans would gladly take full-time jobs if they could
get them, but all they have been able to find is part-time work.
#13 In 2009, total wages, median wages, and average
wages all
declined in the United States.
#14 As of the end of 2009, less than 12 million
Americans worked in manufacturing. The last time that less
than 12 million Americans were employed in manufacturing was in 1941.
#15 The United States has lost at least 7.5
million jobs since the recession began.
#16 Today, only
about 40 percent of Ford Motor Company’s 178,000 workers are employed
in North America, and a big percentage of those jobs are in Canada and
Mexico.
#17 In 1959, manufacturing represented 28
percent of U.S. economic output. In 2008, it represented 11.5
percent.
#18 Earlier this year, one poll found that 28% of all American households had at least one member that
was looking for a full-time job.
#19 In the United States today, over
18,000 parking lot attendants have college degrees.
#20 The United States has lost a staggering
32 percent of its manufacturing jobs since the year 2000.
#21 As the employment situation continues to stagnate,
millions of American families have decided to cut back on things such as
insurance coverage. For example, the percentage of American households that
have life insurance coverage is at its lowest level in
50 years .
#22 Unless Congress acts, and there is no indication
that is going to happen, approximately 2 million Americans will stop receiving unemployment checks over the next
couple of months.
#23 A poll that was released by the Pew Research Center
back in June discovered that an
astounding 55 percent of the U.S. labor force has
experienced either unemployment, a pay decrease, a reduction in hours
or an involuntary move to part-time work since the economic downturn
began.
#24 According to Richard McCormack, the United States
has lost over
42,000 factories (and counting) since 2001.
#25 In the United States today, 317,000
waiters and waitresses have college degrees.
But this is
what we get for creating the biggest debt
bubble in the history of the world. For decades we have been digging
a deeper hole for ourselves by going into increasingly larger amounts of
debt. In America today, our entire economy is based on debt. Even
our money
is debt . We were fools if we ever thought this could go on forever.
Just think about it. Have you ever gone out and run up a bunch of
debt? It can be a lot of fun sitting behind the wheel of a new car,
running your credit cards up to the limit and buying a beautiful big house that
you cannot afford. But in the end what happens? It always catches up with you.
Well, our collective debt is starting to catch up with us. There is a sea
of red ink on every level of American society. It is only a matter of time
before it destroys our economy. IF YOU THINK THAT
THINGS ARE BAD NOW, JUST WAIT. THINGS ARE GOING TO GET A WHOLE LOT
WORSE. A HORRIFIC ECONOMIC COLLAPSE IS COMING, AND IT IS GOING TO BE
VERY, VERY PAINFUL.’
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron Task is the host of Tech Ticker. You can follow him on
Twitter at @atask [email protected]
Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘
17 Things Worrying
Investors Lloyd's Wall of Worry stock exchange Million Dollar
LiveLeak.com - Loonie closes above U.S. dollar … dollar for first time closes below parity on Canadian
loonie … hey, hey, hey … 'Huge' stock decline — but not yet MarketWatch
- Brimelow ‘Oh come
on! Manipulated dollar decline with inflated earnings, stock prices thereby, etc.,
… we’ve seen this all before … the last few crashes … Jobless
rate jumps to 9.8% as hiring slows (Washington Post) [ The reality is not a mystery! The nation’s
been thrown under the bus for the greater good (wealth) of the very few (frauds
on wall street, etc.); wall street giving out record bonuses from their accomplished
fraud (with no-recession b.s. bernanke help) of $144 BILLION: Come on! This is gettin’
even more downright ridiculous (if that’s even possible)! Pending home
foreclosure / distress sales up, oil prices (and oil stocks) up, debased dollar
down, plus a little familiar ‘better than expected’ thrown in along with
prospects of a ‘no-recession bernanke’ market-frothing bull session on 60
minutes and, voila, suckers’ rally into the close to keep the suckers suckered!
What’s good for the frauds on wall street is bad for just about everyone else
which includes the vast majority of people and businesses, domestically and
globally, as current dollar manipulation / debasement ultimately results in
higher costs and loss of purchasing power (ie., oil, etc.). Clearly, this is
one of those fraudulent wealth transfers to the frauds on wall street et als
which will ultimately be paid for by those who least are in a position to
afford it, courtesy of the ever more worthless Weimar dollar, etc., inflating
earnings, eps, lowering p/e multiples, etc., see infra. This is an especially
great time to sell / take profits while you can since there's much worse to
come! Previous: Rosy numbers on consumer sentiment, unemployment (far better
than private forecasts) from the government prior to the holiday so-called
‘shop till you drop’? How can anyone believe anything they say? Najerian
interviewed by Motek chimes in with the reason for good retail cheer; viz.,
people have stopped paying their mortgages and are using the funds to purchase
retail goods; while Davidowitz adds that with record numbers of americans on food
stamps, real unemployment at 17+, and wall street giving out record bonuses
from their accomplished fraud (with no-recession b.s. bernanke help) of $144
BILLION … the high end stores /
jewelers will do well … daaaaah! And, with insiders
and wall street frauds selling into the bubble as preceded last crash, this is
an especially great opportunity to sell / take profits! Suckers’ rally on light volume, full moon, and government
complicity (false data / reports) to keep suckers suckered (easy for the wall street
frauds to do with just a mouse click / push of the button – and, they know all
those technical trade lines that are easy to program in this current phase of
the scam/fraud with the debased dollar). Keep in mind, the totally mindless
blather from the ‘cottage industries’ of and fraudulent wall street itself in
talking up lower P/E multiples when the same is a direct result of the
debasement of the dollar and the consequent manipulation / translation (not
real, see Davis, infra) which preceded the financial crisis / last crash.
Unemployment, trade, deficit, etc., numbers continue decidedly worse than
expected along with other negative data (and in the ‘wrong direction’, that
spin accorded ‘down but not as bad as before’ b*** s*** ) yet the market has rallied
like no tomorrow with used home foreclosure / distressed sales, though abated
owing to ‘foreclosuregate’, the other ‘heralded’ good news. Moreover, the dumbo lemmings of Europe have
jumped on the fraudulent defacto bankrupt american crazy train propelled to the
precipice also as if no tomorrow. This is about keeping the suckers sucked in
with the help of a market-frothing pre-election debased dollar for favorable
currency translation and paper (but not real when measured in, ie., gold, etc.)
profits which preceded the last crisis, inflating a bubble as in the last
crisis to facilitate the churn-and-earn, particularly with computerized (and
high frequency) trades and which commissions they’ll get again on the way down.
There is nothing to support these overbought stock prices, fundamentally or
otherwise. These are desperate criminals ‘at work’. Even wall street shill, the
senile Buffett is saying we’re still in a recession (depression) [
Davis: ‘… all profits are inflated
by 10% (from falling, debased dollar) and that 10% is the E that gets divided
from the P and gives us a much better price/multiple to hang our hats on and
that gets investors to BUYBUYBUY …’ The bull market that never was / were beyond wall
street b.s. when measured in gold This is a great
opportunity to sell / take profits (these lower dollar, hyperinflationary
currency manipulations / translations to froth paper stocks will end quite
badly as in last crash)! This
is a global depression. This is a secular bear market in a global depression.
The past up moves were manipulated bull (s***) cycles (at best) in a secular
bear market. This has been a typically manipulated bubble as has preceded the
prior crashes with great regularity that the wall street frauds and insiders
commission and sell into. This is a typical wall street ‘programmed
computerized high-frequency churn and earn pass the hot potato scam / fraud as
in prior crashes ( widely reported )’. This national decline, economic and otherwise, will not end
until justice is served and the wall street frauds et als are criminally
prosecuted, jailed, fined, and disgorgement imposed.The Stock Market's
Long Decline Has Begun Smith
National / World
Bush
nixes Denver visit, citing invite to Assange [ The best thing that’s happened
to Denver for quite some time; after all, it’s doubtful that war criminals have
suddenly become fashionable, particularly dumb, burnt out morons as dumbya
bush. ](AP)
Sheen On
Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama.
Wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a
total fraud having been elected under false pretenses; viz., his total, unequivocal,
and unfulfilled b*** s*** (those campaign promises) ! Moreover, there has been
some persuasive documentation questioning wobama’s citizenship / birthplace
placing his eligibility to hold the office of president in question. ] Amidst
the controversy of his wild interview on the Alex Jones Show yesterday, actor
Charlie Sheen wasted little time in confronting President Barack Obama on his
failure to answer Sheen’s twenty questions concerning 9/11, calling Obama, “a
coward in a cheap suit.” Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States.
Drudgereport: U.S.
Warship Tracking Yacht Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
. I do know that these somali
pirates need killin’ and I further believe that open season on them including
using their boats in the water for target practice makes sense and certainly is
morally justified. I’m tired of hearing about those little weasels … you know,
‘the skinnies’. ]
Some now question U.S. deal that brought
Gaddafi back into diplomatic fold Arms
deals still made amid Middle East crackdowns (Washington Post) You bet your
bippy … a raison d’etre, so to speak. ]ABU DHABI, UNITED ARAB EMIRATES - As
Libya's Moammar Gaddafi ordered attacks on his own people this week, thousands
of arms sellers from the United States and other countries hawked their
aircraft, riot gear and rifles to Middle Eastern buyers at the Persian Gulf's
preeminent arms show.
Julian
Assange must be extradited to Sweden (Washington Post) [ Julian
Assange to be extradited to Sweden Infowars.com [ No surprise here. As I’ve previously written, I’m
against the censorship since one always, in the final analysis, must discern
truth from falsehood, information from disinformation, reality from propaganda.
In truth, I found it somewhat shocking and more than surprising that of all
places ‘to escape to’, Assange chose Orwellian england, puppet to the u.s. and
guarantor of servility to u.s./zionist interests, such is their own desperate
circumstances. What was he thinking? ]
WikiLeaks founder Julian Assange is to be extradited to Sweden to face
allegations of rape and sexual assault. Assange will appeal, his legal team
confirmed. If this is unsuccessful, he will be extradited to Sweden in 10
days. ] LONDON - Britain will honor
Sweden's request to extradite WikiLeaks founder Julian Assange to face
sex-crime allegations, a British judge ruled Thursday.
Oil
prices on the rise (Washington Post) [ And except when and for fraudulent /
false / manipulated data, everything else down, dirty, and dismal: AP Business
Highlights: February 24, 2011, ‘ (Washington Post) New-home
sales fell more than forecast / FHFA:
Home prices fell in fourth quarter
Pro-government
forces, rebels engage in battles for territory
daffy gaddafi not ducking and having been shot. Remember: there’s no
place for reality in pervasively corrupt, defacto bankrupt america and on
fraudulent wall street particularly. STOCKS
MAKE HUGE TURNAROUND ON STUNNING COLLAPSE IN OIL: BASED SOLELY ON NOW KNOWN TO
BE FALSE TWITTER RUMOR! [ Don’t be
surprised if the frauds on wall street initiated the rumors; their fraudulent
manipulations have included far worse … put them in jail where they belong,
with fines, disgorgement! ( ‘…apparently Twitter-borne rumo r started making the rounds
that Qaddafi had been shot! There was no basis for it, but oil simply
collapsed…’ ) ] Weisenthal , On Thursday February 24,
2011 Thank Twitter-borne rumors of Qaddafi's death for the fact that
markets totally didn't get crushed today…’ ] Militiamen, mercenaries hit cities
near capital while protesters seized air force base; U.S., other Western powers
consider responses to situation. Gaddafi
loyalists launch counterattacks ]
Crude prices broke through the $100-a-barrel threshold as violence in
Libya continued to shake markets.
Senate
Democrats draft cuts in domestic agency budgets (Washington Post) [ Do these ‘too little, too late’ so-called
cuts purport to make the nation ‘less bankrupt’? There’s no such thing …
absolutely preposterous! And, Kotlikoff thinks so as well, see immediately
hereafter… ] The plan will involve
accelerating some of the $33 billion in program terminations and reductions
included in Obama's proposed budget for next year.When
Pretending Fails to Hide Bankruptcy: Laurence Kotlikoff ( Today in the
WashingtonPost.Com ) Laurence Kotlikoff Feb 22, 2011 Feb.
23 (Bloomberg) -- Our country is bankrupt. It’s not bankrupt in 30 years or
five years. It’s bankrupt today.
Want proof? Look at President Barack Obama’s 2010
budget. It showed a massive fiscal gap over the next 75 years, the closure of
which requires immediate tax increases, spending cuts, or some combination
totaling 8 percent of gross domestic product. To put 8 percent of GDP in
perspective, this year’s employee and employer payroll taxes for Social
Security and Medicare will amount to just 5 percent of GDP.
Actually, the picture is much worse. Nothing in economics
says we should look out just 75 years when considering the present-value
difference between future spending and future taxes. Over the full long-term,
we need an extra 12 percent, not 8 percent, of GDP annually.
Seventy-five years seems like a long enough time to
plan. It’s not. Had the Greenspan Commission, which “fixed” Social Security
back in 1983, focused on the true long term we wouldn’t be sitting here now
with Social Security 26 percent underfunded. The Social Security trustees, at
least, have learned a lesson. The 26 percent figure is based on their infinite
horizon fiscal- gap calculation.
But the real reason we can’t look out just 75 years
is that the government’s cash flows (the difference between its annual taxes
and non-interest spending) over any period of time, including the next 75
years, aren’t well defined. This reflects economics’ labeling problem. If you
use different words to describe the receipts taken in and paid out each year by
the government, you produce entirely different cash flows and an entirely
different fiscal gap measured over any finite horizon.
Matter of Language
It’s only the value of the infinite horizon fiscal
gap that is unaffected by the choice of labels of language. Take this year’s
payroll tax contributions. Let’s call these transfers from workers to Uncle Sam
“borrowing” by the government, rather than “payroll taxes,” since the money
will be paid back as future benefits. If the future payback isn’t in full
(equal to principal plus interest), we can call the difference a “retirement
tax.” Presto! With this change of words, our 2011 deficit of about 10 percent
of GDP is boosted another five points to 15 percent.
With one set of words, taxes are higher now and lower
latter. With the other set of words, the opposite is true. But neither set of
labels makes more economic sense than the other or changes what the government
takes, on balance, from any person or business in any given year.
This is no surprise. The math of economics rules out
an absolute measure of the deficit, just like the math of physics rules out an
absolute measure of time.
Bottom Line
The bottom line, then, is that we need to look at the
infinite-horizon fiscal gap not just for Social Security, but for the entire
federal government. That analysis, based on the Congressional Budget Office’s
long-term alternative fiscal scenario, shows an unfathomable fiscal gap of $202
trillion. And covering this gap requires coming up with the aforementioned 12
percent of GDP, forever.
If this gives you the willies, there’s a ready
narcotic -- the president’s 2012 budget, which shows that most of our long-
term fiscal problem has miraculously disappeared; the fiscal gap isn’t 12
percent of annual GDP. Nor is it 8 percent. It’s now 1.8 percent.
This fantastic improvement in our finances is due,
we’re told, primarily to the Independent Payment Advisory Board. This board, to
be established in 2014 (after the next election, of course) is charged with
recommending cuts to Medicare and Medicaid providers when their costs grow too
fast.
Repealing Cuts
We’ve had laws mandating such cuts for years, and
they are routinely repealed. Indeed, President Obama signed the latest such
repeal last June. But rather than laugh out loud at this cost-control
mechanism, the Medicare trustees, three-quarters of whom were appointed by the
president, assume in their 2010 report that these cuts will be made -- to the
dollar. And the 2012 budget cites the report’s fictional forecast as its
authoritative source.
No one takes the 2010 Medicare trustee report’s
long-run projections seriously, least of all Richard Foster, Medicare’s chief
actuary. Foster added this statement to the end of the report: “The financial
projections shown in this report for Medicare do not represent a reasonable
expectation…in either the short range…or the long range.”
This isn’t the first administration to conceal our
long- term fiscal problem. Back in 1993, Alice Rivlin, then deputy director of
the Office of Management and Budget, asked me and economists Alan Auerbach and
Jagadeesh Gokhale to prepare a long-term fiscal gap/generational accounting for
inclusion in President Bill Clinton’s 1994 budget.
Politics Triumphs
We worked for months on the analysis, but two days
before the budget’s release, the study was excised from the budget. We were
shocked, but, in retrospect, the politics are clear. The Clinton administration
wanted to claim it was fiscally prudent and the study, which showed unofficial
debt growing at enormous rates, showed the opposite.
The fiscal gap’s next near appearance in a
president’s budget was in 2003. Treasury Secretary Paul O’Neill commissioned
Gokhale and Kent Smetters to do the study. It showed a massive $45 trillion
fiscal gap -- not a great basis for pushing tax cuts or introducing the
prescription-drug benefit for seniors, known as Medicare Part D. O’Neill was
ousted on Dec. 6, 2002, and a couple of days later the fiscal-gap study was
discarded.
I’m not sure whether censoring the fiscal gap is more
dishonorable than fudging it. What I do know is that we can’t assume our
problems away and that I expected far better of this president when I voted for
him.
--Editors:
James Greiff, Steven Gittelson
Pro-government
forces, rebels engage in battles for territory (Washington Post) [ The big story here, lost on
mainstream media, was the manipulated stock / oil price fraud based upon false
rumor of daffy gaddafi not ducking and
having been shot. Remember: there’s no place for reality in pervasively
corrupt, defacto bankrupt america and on fraudulent wall street particularly. STOCKS
MAKE HUGE TURNAROUND ON STUNNING COLLAPSE IN OIL: BASED SOLELY ON NOW KNOWN TO
BE FALSE TWITTER RUMOR! [ Don’t be
surprised if the frauds on wall street initiated the rumors; their fraudulent
manipulations have included far worse … put them in jail where they belong,
with fines, disgorgement! ( ‘…apparently Twitter-borne rumo r started making the rounds
that Qaddafi had been shot! There was no basis for it, but oil simply
collapsed…’ ) ] Weisenthal , On Thursday February 24,
2011 Thank Twitter-borne rumors of Qaddafi's death for the fact that
markets totally didn't get crushed today…’ ] Militiamen, mercenaries hit cities
near capital while protesters seized air force base; U.S., other Western powers
consider responses to situation. Gaddafi
loyalists launch counterattacks ]
Crude prices broke through the $100-a-barrel threshold as violence in
Libya continued to shake markets.
FLASHBACK:
Gaddafi – Obama Is Friend, Black Man From Our Continent Of Arab Descent He
said, “Now, ruling America is a black man from our continent, an African from
Arab descent, from Muslim descent, and this is something we never imagined –
that from Reagan we would get to Barakeh Obama.”
Julian
Assange to be extradited to Sweden [ No surprise here. As I’ve previously written, I’m against the
censorship since one always, in the final analysis, must discern truth from
falsehood, information from disinformation, reality from propaganda. In truth,
I found it somewhat shocking and more than surprising that of all places ‘to
escape to’, Assange chose Orwellian england, puppet to the u.s. and guarantor
of servility to u.s./zionist interests, such is their own desperate
circumstances. What was he thinking? ]
WikiLeaks founder Julian Assange is to be extradited to Sweden to face
allegations of rape and sexual assault. Assange will appeal, his legal team
confirmed. If this is unsuccessful, he will be extradited to Sweden in 10 days.
Drudgereport: U.S.
Warship Tracking Yacht Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
. I do know that these somali
pirates need killin’ and I further believe that open season on them including
using their boats in the water for target practice makes sense and certainly is
morally justified. I’m tired of hearing about those little weasels … you know,
‘the skinnies’. ]
Ethics
code urged for Supreme Court
(Washington
Post) [ Sounds like a plan! Come on!
Wake up! After all, what can you expect from two guidos from ‘jersey (alito and
scalia, colloquial – note that I have refrained from using what some might
consider disparaging terms as w*p*, gui***s, or da***s … and let me state for
the record that I truly loved and respected my grandmother who was 100%
Italian/Bari,Italy and as well my grandfather/Lake Como,northern Italy with
greek ancestral roots and thereby claim standing/right to posit the criticism
in light of my direct experience. ). How ‘bout starting with enforcing laws as
to judges, liars, etc., within the very corrupted american illegal system; and,
particularly bribes which in one form or another are rampant . I don’t know
about Thomas, but I do know about alito and ‘jersey … : October 15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the
Qui Tam provisions of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar)
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction
to the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
1. A judgment had been entered in my favor in
the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains unaccounted
for and which could be used for payment to creditors, Los Angeles, etc..
2. Counsel Robert Sullivan on my behalf
documented by way of certification upon investigation that Alan Shiff, USBCJ,
had falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing substantial
damage, and for which he sought Judicial Notice of those and related
proceedings as did I in some of my filings.
3. The Order of Dismissal With Prejudice by
Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to
File Page 1 Page 2 ]
4. Defendant Coan had filed an action against
me to prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District
of Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - crossexamofcoanbypeia.pdf
]
5. Newly appointed judge, Maryanne Trump
Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict
of interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants, and
despite my motion to recuse her which motion she heard herself and denied, and
U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a
separate motion to recuse and not long thereafter left said office for private
practice at Cole, Shotz, et als on retainer with the RICO defendants as his
primary client.
6. Probative and evidentiary documents,
affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in
Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which
time Samuel Alito was U.S. Attorney, and went over said documents and their
probative value with him. Within approximately a month thereafter upon inquiry
I was told that Jonathon Lacey was no longer with the office, that the
file/documents could not be located, and that there was no further information
available concerning contacting him or his location. I thereupon delivered by
hand, copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case
he had brought, bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met outside of
court the judge Ackerman through a client) was absolute bedlam and a total joke
since incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had beds/cots
in the courtroom along with their moans during testimony and had the jury in
stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3rd circuit, despite the absence of judicial experience
or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is
the same Sam Alito that now sits on the purported highest court in the land.
The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor creditors,
nor I should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with
the line, computer connection may be the reason but I hesitate to chance
greater non-performance / worsening by their ‘fix’ so cell phone best for
contact).
] Group
of law professors' appeal comes after controversies involving travel and
appearances at political events by several justices. 16
miles away, Saudi Arabia's watchful eye looms over Bahrain unrest (Washington Post) [ I’m sure they …
with a microscope at that. Saudis Worried
Protests Will Hit Home - saudi arabia;
talk about do nothing hypocrites. How does one family claim ownership of all
the oil reserves of a sovereign nation; I suspect only when foreign
corporations say so
] AFP | Saudi royal warns Arab world uprisings could cause
harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia
effect; far less than democratic and far more deadly in the mideast among other
places; talk about hypocrites. How does one family claim ownership of all the
oil reserves of a sovereign nation as the saudis; time for the saudis to go the
way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas
canisters bombard sleeping protesters in Manama's Pearl Square. At least two
men are reported killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice
of America ‘Saudi
Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to crack down
on pro-democracy protesters who took to the streets in the capital Manama, a
political analyst says. [ SAUDIS
TOLD OBAMA 'NOT TO HUMILIATE MUBARAK' Egyptian
capital teeters on anarchy Mubarak
asks cabinet to resign as anti-regime protests intensify In
Egypt: Access denied (Washington Post) [The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong position
against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP)
] A
steep challenge for Arab world (Washington Post) [ I’m sure the rest of the defacto bankrupt world
would love to have the lagging problem of the Arab nations of rich real assets
as opposed to the fake fraudulent worthless paper assets the so-called ‘rest of
the world’ is ‘sporting’. Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics
professor at Boston University. He says the Treasury and the government are
fudging the national debt numbers. Kotlikoff says the United States is bankrupt
and we don’t even know it. Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the economy,
Davidowitz is unwaveringly consistent additional clips Aaron Task is the host of Tech
Ticker. You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay
off our current debts and I think bondholders are simply happy to get anything
out of a country that admits it owes $15Tn (1/4 of global GDP) but probably
owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities.
The funniest thing about this (and you have to laugh) is to see Conservative
pundits get on TV and talk about how we need to cut $100Bn worth of
discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ ] Despite the rich resources in the region,
Arab nations lag behind rest of world economically. Economic
forecast (Washington
Post) [ And you can take that to your
local insolvent bank…or not even your local insolvent bank; but rather, your
non-local insolvent bank that’s still carrying the toxic
assets/paper/securities now marked to anything by way of FASB rule change,
professional criminal courtesy via congress, as the the wall street frauds cash
out for hard fiat currency. What do you expect them to say? This wasn’t even a
recession to be, as per forecast. They haven’t the slightest clue what they’re
doing other than the ‘narcotic effects’ of the non-stop printing press fiat
currency ‘feels good’ and buys time, politically. ] White House policymaker
predicts that the recovery should continue despite oil prices, European crisis. Pressure
mounts on Gaddafi (Washington Post) [ That he was always a caricature of
sorts, there is no question. That he’s totally burned out, there’s also no
doubt; though they might argue in his defense that so was dumbya bush … a point
well taken … but look at the consequential pathetic state of pervasively
corrupt, defacto bankrupt america … with the unlit torch passed to wobama the b
(for b*** s***) who pretends, or maybe in his alternate and fake reality just
believes it’s lit. That he’s done, also fait accomplis, after 41 years … who cares.
That he’s insane … now that’s quite another thing with greater worldwide
implications, so, daffy… gadaffy… duck!
Gaddafi vows to maintain hold on power Libyan
strongman says he'll fight 'until the last drop of my blood' (Washington Post) [ His latter wish is the
world’s command. ‘Something there is that doesn’t love a dictator, that wants
them down’ … (Excuse me … I was thinking of walls and ‘Mending Wall’, Robert Frost ).
Libya
Internet Shut Down Amid Protests, Per Multiple Reports [ Once again, as in Egypt, this, the
internet, inherently global in nature is the lynchpin, tampering with or
stifling same marking the end of any regime. Let this be a warning; viz., you
cannot put the genie back in the bottle! 41 years? Gadaffy duck should duck
‘cause he’s done. I mean, look at him, he’s the singular equivalent of the
multiple bushes. He’s totally burnt out (as much or more so than dumbya bush or
mubarack) and quite done! ] Reports have emerged late Friday that Libya appears
to have shut down its Internet due to widespread protests, less than a month
after Egypt did the same. ] With rebels
apparently controlling much of the eastern half of the country, the violence
engulfing Libya is already the worst in more than a month of unrest that has
toppled other regimes.
] Deaths of four Americans reflect increasing
violence of Somali piracy U.S. Warship Tracking Yacht
Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm .
I do know that these somali pirates need killin’ and I further believe
that open season on them including using their boats in the water for target practice
makes sense and certainly is morally justified. I’m tired of hearing about
those little weasels … you know, ‘the skinnies’. ] On
Obama's jobs tour, unemployed have little voice (Washington Post) [ This of
course is so true. That wobama’s done there’s no question. Indeed, despite the
rhetoric, separate terms, hasn’t he proven to be, and isn’t wobama just a
continuation of the NWO / NAFTAite regimes that landed the nation here in this
foul, pervasively corrupt, defacto bankrupt position. How different are
america’s entrenched corrupt bureaucracies / ‘leaders’ from the dictators and
their corrupt bureaucracies being deposed today. If only wobama wasn’t the
typical, jive-talikin’ wobama the b (for b*** s***) he is and did what he ran
and was elected on, the outcome for fallen america would have been
substantially better, though still dire, than that which lies ahead.
Obama’s 2012
Budget: Tool Of Class War Paul Craig Roberts | Continues
Wall Street’s war against poor & middle classes. ] White House officials
were unable to give a single example of him interacting, even in private, with
a person who had recently lost a job. State
budget woes draw more protests (Washington Post) [ Obama
joins Wisconsin budget battle Democratic
lawmakers flee state in attempt to block anti-union bill (Washington Post) [ Looks like capital hill
can pick up a few pointers from ‘dem dems … fleeing the state, that is … except
in their case it’ll be fleeing the nation-state, or what’s left of same. Drudgereport: Michelle
Obama, Daughters Hit the Slopes on Ski Vacation ... Vail... Bidens
vacation on Fla Keys... FLASHBACK:
Obama on tough economy: 'You might put off a vacation'... 'Everyone
must sacrifice'... RASMUSSEN:
OBAMA APPROVAL SLIPS BACK TO 44%... Gov't
shutdown threat looms over budget fight... DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... Debunking
the 'Debunking Myths of U.S. Collapse' Post Ridder [ Stated another way, the collapse of the (dis)united
states is at hand. Now, let me state, that doesn’t mean america will disappear
from the face of the earth, but the reality truly is ‘death from a thousand
cuts’. It’s not just China’s rise, but america’s decline and fall with the
concomitant relative rise of other nations, regions. Quite simply, and
historically factual reality has proven, nation-states cannot and have not
survived the multitude of negative, destructive, and self-destructive things
america has done and prosper as a leading nation. From perpetual war, to
pervasive corruption, fraud, criminality across all stratum including
institutions, government of american society, to what I believe as well to be
an evolved genetic bias of inherent criminality/mental illness which is
ill-adapted to the strictures of a more enlightened 21st Century by way of near
instantaneously available information, with truth and factual reality being
america’s greatest enemy. In support of the foregoing I will reiterate reasons,
infra.] Debt
relief for states proposed (Washington Post) [ I’ve heard of the ‘blind leading the blind’, but the ‘bankrupt
borrowing from the bankrupt’ seems to be a nouveau american phenomenon destined
for ‘clichedom’. Previous: Governors
plan painful cuts amid budget crises (Washington Post) [ This truly is a disaster in the making, with
consequences even more dire than the grim outlook set forth by Meridith
Whitney, if that could even be fathomed. It’s really going to be all that
bad…see infra, The Economic Collapse, ‘#10 The municipal bond crisis could go “supernova” at
any time. Already, investors are bailing out of bonds at a frightening
pace. State and local government debt is now sitting at an all-time high
of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal
bond crisis that we are facing is a gigantic threat to our financial system…. “It has
tentacles as wide as anything I’ve seen. I think next to housing this is the
single most important issue in the United States and certainly the largest
threat to the U.S. economy.” Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics
professor at Boston University. He says the Treasury and the government are
fudging the national debt numbers. Kotlikoff says the United States is bankrupt
and we don’t even know it.
Obama:
US needs better math, science education (AP) [Well, one thing we absolutely
know as true is that there’s at least one person in america in need of better
math skills and his name is’ wobama the b’ (for b*** s*** - despite campaign
promises to the contrary he actually ramped up war spending also despite defacto
bankruptcy of the nation – bush, if only it was just his math skills, ramped of
war spending while cutting taxes … to his base, a wobama’s on the same page –
how totally pathetic both of them are / were) … but let’s not kid ourselves,
from capital hill to wall street, etc., math skills are indeed lacking. ]
Alan
Greenspan Takes Credit For The Financial Crisis Levin “The morning after we learned of the news,” Greenspan said
of the Dow Jones plunging 6.98 percent that day in September 2008, “I was able
to look myself in the mirror and say, ‘Hey, not bad.’” Sure, if he’d tried just
a little harder he could’ve done better– 10 percent would’ve been a dream– but
really, all things considering, not bad! Solid B+ work. [NYU via BI ]
Internet tool shows French web surfers 'Jewish-curious' (AFP) - AFP - An Internet tool that flags up popular
search words has spontaneously revealed a deeper trend: French web surfers'
exceeding curiosity about whether their politicians are Jewish. [ To their
credit, at least in France it might matter … to america’s discredit and
self-destruction, it doesn’t even matter … as Buchanan aptly put it ‘capital
hill is occupied israeli territory and just proved it again with the
foolhardy veto of the un resolution
condemning illegal israeli settlements. ]
] The standoff in Wisconsin over
budget cuts spread to other states on Tuesday as union leaders began to
organize protests in other capitols and Democrats in a second state, Indiana,
effectively staged a walkout. Gaddafi vows to maintain hold on power Libyan
strongman says he'll fight 'until the last drop of my blood' (Washington Post) [ His latter wish is the
world’s command. ‘Something there is that doesn’t love a dictator, that wants
them down’ … (Excuse me … I was thinking of walls and ‘Mending Wall’, Robert
Frost). Libya
Internet Shut Down Amid Protests, Per Multiple Reports [ Once again, as in Egypt, this, the
internet, inherently global in nature is the lynchpin, tampering with or
stifling same marking the end of any regime. Let this be a warning; viz., you
cannot put the genie back in the bottle! 41 years? Gadaffy duck should duck
‘cause he’s done. I mean, look at him, he’s the singular equivalent of the
multiple bushes. He’s totally burnt out (as much or more so than dumbya bush or
mubarack) and quite done! ] Reports have emerged late Friday that Libya appears
to have shut down its Internet due to widespread protests, less than a month
after Egypt did the same. ] With rebels
apparently controlling much of the eastern half of the country, the violence
engulfing Libya is already the worst in more than a month of unrest that has
toppled other regimes.
I knew
there was something especially (but typically) not right in Friday’s (and
Thursday’s) trade; and, sure enough, it was a full moon Friday as per lunar
calendar (a must in today’s markets owing to the prevalence of lunatics /
criminally insane on wall street).
Have Stocks Really Moved Sideways Since 2000? McCurdy ‘Last
week , we reviewed the inverse secular relationship between stocks and the
price of gold. Stocks have been in a secular downtrend since the bull market
from the 1980s terminated early last decade, while gold has been in a secular
uptrend. Many analysts do not like to label the current secular environment in
stocks as a bear, instead referring to it as a "sideways" market.
Indeed, a quick review of the S&P 500 index monthly chart shows that it has
essentially bounced sideways for the past 11 years.
[Click all to
enlarge][chart} nominal values and returns. When you compare stock market
performance to hard assets like commodities and gold, you see a very different
picture.[chart] [chart] [chart] [chart] [chart] [chart] [chart]
Weighing the Week Ahead: The Beat Goes On Miller ‘…The explanation is much simpler. The Beat Goes On.
The
grocery store's the supermart, uh huh. Little girls still break their hearts, uh huh. And men still keep on marching off to war Electrically they keep a baseball score {Refrain} Grandmas sit in chairs and reminisce Boys keep chasing girls to get a kiss The cars keep going faster all the time Bums still cry, "Hey buddy, have you got a dime"
Sonny &
Cher may not have been market gurus, but the song captures the
current market action. The "drums keep beating."
… The Bad There was some important bad news for the economy. The story is rarely
one-sided. There is a continuing problem on several fronts, a widely known
"wall of worry" that is already reflected in current market prices.
HOUSING SALES OVERSTATED . The most important bad news of the week came from the CoreLogic
Year-end Summary of Trends. I read their reports, and so should you.
Calculated Risk has a nice
summary, showing that the existing home sales from the National
Association of Realtors may be overstated by 15%. Consistent and
aggressive critic (another of our featured sources) Barry Ritholtz has
this take. RETAIL SALES. This was a big disappointment . INITIAL JOBLESS CLAIMS. The highly volatile series moved
higher, but the trend
continues lower. It is not good enough to improve the employment picture…’
Correlating
U.S. Demographics, Trade Deficits and Employment Lounsbury’ Recent analysis found
that the U.S. trade balance deficit for manufactured goods was the equivalent
of almost 29 million jobs over the past 19 years. The analysis referred to
these as exported jobs .
What if some of
the manufacturing jobs had been retained? How would U.S. employment have been
affected? Would we have anything like the high unemployment rates experienced
over the past two years?
The following
analysis shows that the U.S. simply didn't have the population needed to
produce what we have been consuming. The trade deficit is actually a
demographic problem as well as a global competition problem for the U.S.
Labor Participation Rate
First let’s look at the labor participation rate over
the past 60 years.
click to enlarge images
[chart]
Over the last 25-30 years the institution of two
wage-earner households became entrenched and the labor participation rate rose
above 65% as of 1985. In 2010 the participation rate fell back below 65% as a
result of severe employment dislocations produced by The Great Recession.
The following graph focuses on the years starting
with 1992. Two arbitrary areas are identified by the author, a “peak”
participation rate and a “healthy” rate. These arbitrary definitions may be
subject to debate.
[chart]
These two definitions are used to examine
counterfactual participation rates in the following discussion.
Manufacturing Jobs Have a High Multiplier
In the previous article a graph
was presented which showed the number of manufacturing jobs “exported” each
year starting with 1992. What was not discussed in the previous article is that
jobs have multiplier factors. If one person receives a wage much of that money
is spent and that creates additional jobs. For each person working in a
particular job, other people are employed in support industries. The total of
all these additional jobs is what comprises the jobs multiplier. The
mathematics can be reviewed here .
The multiplier varies for different types of jobs and
is determined by collecting experimental data in the actual economy.
Manufacturing jobs have high jobs multipliers. A table of jobs multipliers is
shown in the following table:
[chart]
A number of data sources have been reviewed for the
value of the manufacturing job multiplier in the U.S. These are shown in the
following table.
[chart]
Active links from the table:
A jobs multiplier of 3.0 means that each job
represents a total of three jobs: the original job plus two others that exist
only because that original job is there. One estimate for all
employment is an average multiplier of 1.9. For manufacturing the
multiplier is close to 3. For every manufacturing job gained or lost directly,
two other jobs, on average, are gained or lost.
For the rest of this article we will use the
multiplier of 2.9. Using that value, the number of jobs lost each year since
1992 because of the trade deficit for manufactured goods has been calculated
and is shown in the following graph. The lowest line represents the number of
direct manufacturing jobs exported. The second line is the number of dependent
jobs lost and the top line is the total number of jobs, direct and indirect,
that were exported.
[chart]
What If All “Jobs Exported” Had Been Retained?
If all the direct and indirect jobs that have been
‘exported” had been retained, what would the unemployment picture have been
forth past 18 years? This is displayed in the following graph.
[chart]
There are two shaded areas in the graph. The blue
area encompasses all the commonly accepted values for NAIRU. The salmon area
defines where labor shortages would occur, the lower the percentage the greater
the shortage.
The red line shows the counterfactual case calculated
for the “exported jobs” being retained and the labor participation rate staying
at the peak (67%). The green line shows the counterfactual unemployment rate
provided the participation rate actually experienced is used.
A reasonable conclusion from this graph is that, to
retain the number of jobs estimated, labor would have to be imported or the
labor participation rate would have to rise above the all-time peak. Without
some combination of those two factors there would have been labor shortages 14
of the last 16 years (1994-2007)
Note: NAIRU refers to a Milton Freeman defined term: Non-Accelerating
Inflation Rate of Unemployment
What If “Jobs Exported” Had Been Reduced by Half?
The next counterfactual situation examined is the
case where half of the “exported jobs” were retained each year. The following
graph shows the official unemployment rate average each year (blue), with two
counterfactual unemployment rates.
[chart] The red line shows the counterfactual case calculated
for ˝ of the “exported jobs” being retained and the labor participation rate
staying at the peak (67%). The green line shows the counterfactual unemployment
rate provided the participation rate actually experienced is used.
What If 25% of “Jobs Exported” Had Been Retained?
The following graph shows official and counterfactual
unemployment rates if 25% of the “exported jobs” had been retained.
[chart]
Even if 75% of the “exported jobs” had occurred, the
U.S. would still have had labor shortages almost in seven of the past 19 years.
The unemployment rate would have been below 4% for1997-2000 and 2005-2007. If
the labor particpation rate had remained at peak (67%) throughout this time
period, there would have been labor shortages only in the last four years of
the 2oth century.
Caveats
There are many assumptions to be questioned in this
analysis. A few are listed here:
Would our trade surplus in services have been
less (thereby reducing service employment) if there had been no deficit
for goods? Would FDI (foreign direct investment) in
the U.S. have been less? See Elliott Morss . FDI
in the U.S. creates jobs. Would the FDI by the U.S. have
been reduced to offset any loss of FDI in the U.S. ? Is the multiplier for manufacturing jobs
accurate for the type of manufacturing that was "exported"? Are the assumptions about peak and healthy
participation ratios really appropriate?
I expect there are many more open issues here and I
expect that readers will eagerly point them out to me.
Conclusion
The U.S. has been on a consumption binge. The
examination discussed here indicates that the country has been living beyond
its means to produce what it consumes. That doesn't even consider that we have
to import more than half of the energy used. If the production of even part of
the production of goods that have been imported over the lat 14 years had been
retained domestically, there would not have been enough labor available to fill
the jobs that would have been required.
So the U.S. has been living beyond its means in three
ways:
Beyond its means to provide energy used; Beyond its means to pay; and Beyond its means to produce what it consumes.
Further work is in progress to examine:
How much more labor force participation would
have been needed to prevent labor shortages from occuring; or How much labor would have had to have been
imported; or What combinations of the two would have done the
trick.
There is one additional area being studied: How does
the undocumented worker influx that has occurred over the past two decades
interact with these labor requirement scenarios.
More articles on this topic will be forthcoming in
the next few weeks…’
Buy the Dips or Sell the Rally - The One Indicator that Knows Maierhofer, February 22, 2011, 5:51 pm ‘ Low-Risk. The term 'low-risk' has
the same appeal in the investment world as the enticing little word 'free' in
the advertising world.Some advertising executives claim that 'free' is the most
powerful word in the ad world. 'Low-risk' might be the most powerful concept in
the investing universe.If you read the ETF Profit Strategy Newsletter you are
very familiar with the term low-risk entry. If you don't, here's a quick
summary and crash course of an indicator that's been 100% accurate over the
past 6 months.Low risk entries for various indexes are identified or triggered
by a relative strength indicator called percentR. PercentR is expressed on a
scale from 1 - 100. Readings above 80 are considered overbought, readings below
20 oversold.If you read the ETF Profit Strategy Newsletter you are very
familiar with the term low-risk entry. If you don't, here's a quick summary and
crash course of an indicator that's been 100% accurate over the past 6 months.Low
risk entries for various indexes are identified or triggered by a relative
strength indicator called percentR. PercentR is expressed on a scale from 1 -
100. Readings above 80 are considered overbought, readings below 20 oversold.
Uncannily Accurate
A
picture says more than a thousand words and the chart sheds more light on the
value of percentR. As you can tell by the red line, following the W bottom in
November (not shown in the chart), percentR spiked above 80 (first yellow
circle) around S&P 1,210. This was the initial buy signal. [chart]With two
exceptions, percentR remained above 80 ever since. The two dips below 80
(yellow circles) on January 19 and 28 triggered a low-risk entry. Even though
investors were worried about riots in Egypt, according to percentR it was time
to buy.This bullish low-risk entry is valid as long as the underlying index (in
this case the S&P 500) does not close below that day's low (white
line). In both instances, the S&P (SNP: ^GSPC) stayed above that low and
went on to rally over 5%.
Other Low-Risk Entries
PercentR
works with stocks and indexes alike. Similar low-risk entries were identified
by the ETF Profit Strategy Newsletter for the Dow Jones (DJI: ^DJI), Nasdaq-100
(Nasdaq: QQQQ News XLF News
Corrections are Healthy, if ...
'Corrections
are healthy' is one of many ambiguous Wall Street sayings. If you judge the
current 'bull market' purely on this statement, this market is one sick puppy -
there hasn't been more than a 2.5% correction in nearly a quarter - and needs a
serious correction to be jolted back into healthy territory.Put yourself in a
time capsule and zoom back to April 2010 when the major U.S. indexes declined
nearly 20% before the promise of QE2 resurrected stocks. There was little
conviction then that corrections are healthy. The correction had rattled the
investing masses and shaken out many stockholders before the market went on to
rally again.PercentR is the canary in the coalmine that identifies a deeper
correction. No significant sell off happens without a failed low-risk entry.A
failed low-risk entry occurs when the indexes close below the low of the day
that triggers the low-risk entry (white lines on the chart). The last failed
low-risk entry happened in November 2010 when stocks chopped around for a few
weeks and ultimately lost about 5%. Another failed low-risk entry flashed
a sell signal on August 11 and ushered in a 21 day, 8% sell off.
The Right Tool for the Job
Any
craftsman will tell you that there are limitations to any tool, but there's a
tool for each job. percentR is the right tool for the current job.After a
parabolic rally, the job at hand is to distinguish whether pull backs are a
buying opportunity or a warning signal. Should you buy the dips or step on the
sidelines (or even short the market)?The ETF Profit Strategy Newsletter
"Are
Your truly dead?" The IMF, Watson and Schrodinger's Cat. [ On forbes,
of new york / new jersey the hotbed of mob / wall street fraud and corruption
and leading sinkhole of the nation, and of failed capitalist tool fame, do they
waste an article and time on fraud / spam as a matter of course. I get a few or
more of these routed to my spam box each day. Moreover, invariably upon
visiting the forbes site / article my anti-virus picks up and blocks numerous
malicious adware, url, etc., queries (it’s become pathetic the number and
amount of s**t, ads, scripts that are crammed into some web pages these days);
and, almost invariably, coming from the forbes ny / nj faux capitalist tool
sight, all for nought! What a waste of time forbes et als are! ]
Obama:
US needs better math, science education (AP) [Well, one thing we absolutely
know as true is that there’s at least one person in america in need of better
math skills and his name is’ wobama the b’ (for b*** s*** - despite campaign
promises to the contrary he actually ramped up war spending also despite
defacto bankruptcy of the nation – bush, if only it was just his math skills,
ramped of war spending while cutting taxes … to his base, a wobama’s pn the
same page – how totally pathetic both of them are / were) … but let’s not kid
ourselves, from capital hill to wall street, etc., math skills are indeed
lacking. ]
Alan
Greenspan Takes Credit For The Financial Crisis Levin “The morning after we learned of the news,” Greenspan said
of the Dow Jones plunging 6.98 percent that day in September 2008, “I was able
to look myself in the mirror and say, ‘Hey, not bad.’” Sure, if he’d tried just
a little harder he could’ve done better– 10 percent would’ve been a dream– but
really, all things considering, not bad! Solid B+ work. [NYU via BI ]
Internet tool shows French web surfers 'Jewish-curious' (AFP) - AFP - An Internet tool that flags up popular
search words has spontaneously revealed a deeper trend: French web surfers'
exceeding curiosity about whether their politicians are Jewish. [ To their
credit, at least in France it might matter … to america’s discredit and
self-destruction, it doesn’t even matter … as Buchanan aptly put it ‘capital
hill is occupied israeli territory and just proved it again with the foolhardy veto of the un resolution condemning illegal
israeli settlements. ]
UNREST IN THE MIDDLE EAST Bahrain
military retreats after shootings (Washington Post)
[ Saudis Worried
Protests Will Hit Home [ For the
sake of the saudi Arabian people, more than just protests should come to
fruition! ] AFP | Saudi royal warns Arab world uprisings could cause
harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia
effect; far less than democratic and far more deadly in the mideast among other
places; talk about hypocrites. How does one family claim ownership of all the
oil reserves of a sovereign nation as the saudis; time for the saudis to go the
way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas
canisters bombard sleeping protesters in Manama's Pearl Square. At least two
men are reported killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice
of America ‘Saudi
Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to crack down
on pro-democracy protesters who took to the streets in the capital Manama, a
political analyst says. [ SAUDIS
TOLD OBAMA 'NOT TO HUMILIATE MUBARAK' Egyptian
capital teeters on anarchy Mubarak
asks cabinet to resign as anti-regime protests intensify In
Egypt: Access denied (Washington Post) [The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP)
SEC
names Sean McKessy to head new whistleblower office (Washington Post) The
appointment sets off alarm bells among whistleblower advocates. [ Indeed it
should, regardless of ‘who’. In pervasively corrupt, defacto bankrupt america
there is always that pre-calculation: juice / no juice, payer
(bribes/contributions) / non-payer, potential after gov’t job opportunity / no
job opportunity, etc.. Video: Why Isn’t
Wall St. in Jail? [ This truly will prove to be the story of the century
(albeit an abbreviated one and a turning point toward america’s intractable
decline) owing to what will ultimately be the lynch-pin of global economic /
financial collapse ushering in an era of great scarcity in more ways than can
be imagined. The pervasively corrupt, defacto bankrupt american nation /
government has literally underwritten this massive fraud at the expense of the
vast majorities directly and indirectly, precluded prosecution while
obfuscating the substantial crimes, literally becoming accomplices thereby.
There is absolutely no excuse for what is essentially a defalcation and
abrogation of duty. I was watching a somewhat obscure film recently which
(though elsewhere on this page and site I’ve set forth alarming crime
statistics clearing showing america as number 1 in all categories by wide
margins) which set forth the statistic that america has 85% of the world’s
serial killers (and I’d go further in saying it is likely that america has a
similar lead in war crimes, etc.) ] MSNBC | Cenk
Uygur talks to Matt Taibbi about his latest Rolling Stone article. …… I mean, give me a frickin’ break! Let’s
get real here … probably the most egregiously dangerous years for
whistleblowers were the clinton years when even potential whistleblowers were
targeted; ie., Mary Mahoney, former clinton security team members, etc., see http://albertpeia.com/bodycount.htm ie., Mary C. Mahoney: 25,
murdered at the Georgetown Starbuck's coffee bar over the 4th of July '97
weekend. She was a former White House intern who worked with John Huang.
Apparently she knew Monica Lewinsky and her sexual encounters with Bill
Clinton. Although not verified, it has been said that Lewinsky told Linda Tripp
that she did not want to end up like Mahoney… Steve Willis,
Robert Williams, Todd McKeahan & Conway LeBleu:
Died Feburary 28, 1993 by gunfire at Waco. All four were examined by a
pathologist and died from identical wounds to the left temple. All four had
been body guards for Bill Clinton, three while campaigning for President and
when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed
at Waco…, etc. but the bushies / cia / wall street are comparable and as well
in some different, more subtle ways; ie., discrediting, false charges,
etc.. ] The appointment sets off alarm
bells among whistleblower advocates. A
frayed alliance: Obama and unions Wis.
budget impasse deepens (Washington
Post) [ Frayed? How ‘bout flayed, fillet, and souffled … Or, screwed, nude, and
double chewed … Drudgereport: OBAMA
BACKS UNION UPROAR PELOSI
BACKS PROTESTERS: 'I STAND IN SOLIDARITY'...
DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... BUDGET
WOES FORCE STATES TO CONSIDER ABOLISHING '12 PRESIDENTIAL PRIMARIES... STATE
BUDGETS ON THE BRINK: CA, TX, IL, NY, NJ... WISC
GOV: 'NOT GOING TO BE BULLIED, INTIMIDATED'... Orders
state troopers to bring Dems to Capitol... 'There
Is Fear For Scott Walker's Safety'... Dem
Sen: We'll stay away for weeks... WALKOUT:
Milwaukee Schools closed; teachers call in 'sick'... REPORT:
Average city teacher compensation tops $100,000... PAPER:
GET BACK TO WORK! DNC
playing role in protests... Jesse
to the Rescue: Jackson rallies protesters... 'A
real Martin Luther King moment'... Union
Fight Heats Up... Republicans
vow to cut spending in state capitols... Protests
Spread to Ohio... Michigan... 'Coming
To Minnesota'... Idaho
offical target of threats over education reform plan... Egypt
in America? 'Day
of Rage' Hits Wisconsin over state unions... Madison
schools closed; 1,100 teachers call in 'sick'... Obama:
'Assault on Unions'... Obama-founded
OFA spearheading effort to defeat bill... Boehner:
'Suspend these tactics'... DEMS
FLEE STATE HOUSE SENATE
DEMOCRATS FOUND -- AT A RESORT IN ILLINOIS! Gov.
Walker calls on Dems to return, vote... Protesters,
supporters clash in Ohio over union bill... Activists
swarm Boehner's Capitol Hill home; Chant 'don't tread on DC'.. Carney:
Stimulus 'Goals Have Been Met'... GALLUP:
Unemployment hits 10%... Feds
Borrow Additional $29,660/Household Since Obama Signed Stimulus... Ratings
Downgrades Loom for Cash-Strapped States... Hillary Clinton: Israeli Settlements 'Illegitimate'… [We know that
hill … We’ve known that for quite some time along with their illegal nukes, war
crimes, etc…The whole world knows that hill… so don’t just talk about it … DO
SOMETHING! ] ...
Offended
Mubarak refuses calls from Obama... Ahmadinejad:
Obama can't spell his own name (True … it’s ‘w o b a m a’ with ‘the b for b*** s***’ his surname …
he’s so pathetic and a total caricature / joke!) ... Egypt's
protests flare despite military warning... Libya
set for 'day of anger'... Thousands
of police confront protesters in Yemen... Riot
police storm Bahrain camp; 2 reported dead... ABCNEWS
Correspondent Beaten... 100
Egyptians reach Italy amid Arab exodus... CARTER:
Muslim 'hood nothing 'to be afraid of'... PAPER:
Senate hearing turns into farce as American ignorance on Egypt revealed... USA TO REBUKE ISRAEL AT UN Poll:
Majority of Republicans Doubt Obama's Birthplace... Agents
Shot in Mexico... WORRIES
OBAMA OFFICIALS... ICE
IN VICE... GAO:
Feds have 'operational control' of 44% of border; just 15% 'air tight'... DAY
3: 'Watson' the computer creams human 'JEOPARDY!' champs... REPORT:
Steve Jobs receiving treatment at cancer center... PAPER:
'Reportedly sicker than previously admitted'... ISSA
MAKES A MOVE: New subpoena seeks records on sweetheart loans... U.S.
Government Shuts Down 84,000 Websites, ‘By Mistake’
'Kill
Switch' Internet bill alarms privacy experts... GOP
BLASTS FCC NET RULES...
TSA
agents busted at JFK for stealing $160,000 from bags...
Hillary
Clinton donors indicted... Man
mugs 96-year-old -- for $5... France
Wants New Global Finance System; End of Dollar Dominance... Fannie,
Freddie bailout: $153 billion and counting... GALLUP:
Unemployment at 10.3%... Muslim
Bros plan political party... Present
Two Faces... Pakistan
Islamists warn of protests if US prisoner freed... SECSTATE
JR: Sen Kerry arrives in Pakistan, expresses 'regret', 'sorrow'... GADDAFI
TELLS PALESTINIANS: REVOLT AGAINST ISRAEL World
Bank: Food prices at 'dangerous levels'... Gov't
Motors to pay out $189 million in bonuses; some workers to get 50% payoffs.. Deficit
Expected to Jump to $1.65 Trillion... ...'slow
train wreck coming' BUDGET
BLOWOUT: How big is $3.73 trillion? $12,000 from each American... ANALYSIS:
$1.5 trillion
tax hike over 10 years... AIRLINES:
New fees would be $2 billion tax increase on flyers... Sessions:
Obama failed on budget... Long
Spending Fight... Produce
prices to skyrocket with freeze in Mexico, Southwest... Clothing
Prices to Rise 10% Starting in Spring... China
Replaced Japan in 2010 as Number 2 Economy... China
plans Colombian rail link to challenge Panama canal... The
March On Berlusconi... Berlusconi
indicted in prostitution probe...
Malware
'Aimed at Iran Hit Five Sites'...
Mubarak
'falls into coma after final speech'... Egyptian
military orders last protesters out of 'Liberation Square'... Consolidates
power... Delivers
ultimatum... Boy
wrestler forfeits match to female opponent...
]
House
approves dramatic cuts in federal spending
Vote
sets up showdown with Dems; threat of shutdown looms (Washington
Post) [ As they say on SNL, ‘What’s up with that?’. Come on! Wake up! That
doesn’t even cover the interest on a $14 trillion debt. And, how disingenuous
of the author to write, ‘largest cut of its kind since WWII’… Not in percentage
terms by a long shot! … Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘ ] After all-night debate, House votes
235-189 to approve plan to cut $60 billion in federal funding in what'd be the
largest cut of its kind since WWII.
The Four Horsemen of the Dow: Dave's Daily ‘No, I wasn't alive to watch the Four Horsemen of Notre Dame play
football but I did watch the DJIA today. As you know this is a "price
weighted" index. Four companies that rose today were among the priciest:
BA, CAT, CVX and TRV. The rest were mixed to flat. Imagine if TPTB added AAPL
or GOOG to the index. But, for most Americans, the DJIA is what they see most
every day if they care. Cynically, as some say, it's just "window dressing
for the tourists" to wit the current headline at the WSJ: "Stocks
Close at 2 ˝ Year High". Does it really matter that four stocks accounted
for the positive headline? If, you're looking deeper into what's really going
on in markets, sure it should. But many investors POMO
is ubiquitous encouraging investors to take more risks. No matter unemployment
shows no sign of improving, housing is still in the dumps and key strategic
countries (Bahrain, Libya, Egypt, Yemen, Algeria and Tunisia) are all aflame.
There wasn't any economic data today other than Bernanke defending his
policies. And, there was little earnings news. The dollar was weak and most commodities ETFs register here to
listen and comment for free. Volume for an options expiration day was light but
perhaps ahead of a three day weekend is understandable. Breadth was pretty flat
per the WSJ.’
Stock Melt-Up Continues to Ignore Warnings [ While I generally warn
against short-selling as an investment strategy for all but the most successful
speculators (there are very, very few), if there ever was a time to try your
luck at same, that time is now! We’re now beyond the absurd in these
overbought, overvalued, contrived, manipulated markets. See also, Dave infra,
‘… Further,
the Philly Fed (riiiiight … that global hub of manufacturing activity) came in
much higher than expected although inside the numbers the prices paid vs prices
received disparity was the greatest since 1979. That wasn't a great time for
corporate profits. Even though there's some "discussion" within the
Fed over the effectiveness of QE operations another heavy dose of POMO
was released to trading …’ Why Isn’t Wall Street
in Jail? Matt Taibbi | Financial crooks brought down the
world’s economy — but the feds are doing more to protect them than to prosecute
them. This is a not too big to fail, but a too willing to pay bribes to jail -
reality. (This really is beyond the pale, particularly when they trumpet
prosecution of $225 million in medicare frauds while wall street’s continuing
fraud in the trillions remains unprosecuted – there is no excuse whatsoever –
pervasively corrupt, defacto bankrupt america is done!). ]
January Weather's Economic Impact: Catalyst for Overdue
Market Correction?
Investopedia: What Does Composite Index of
Leading Indicators Mean? An index published
monthly by the Conference Board used to predict the direction of the
economy's movements in the months to come. The index is made up
of 10 economic components, whose changes tend to precede changes in
the overall economy. These 10 components include: insurance interest rates ] Kaminis‘As
we suspected, January weather is proving to have hampered economic activity.
Blizzards and super storms rampaged across much of the nation last month, and
economic reports are now showing the effects born to the economy. The latest
such report, and broad reaching measure to make this case, is Leading Economic
Indicators, but we've also seen data from companies like FedEx (FDX As a publisher, I can give you firsthand
testimony to the economic effects of January's weather. Almost all of my
advertisers have reported dead business through the month, which has weighed on
our own cash flow as well. January offered a rude awakening as to just how
perilous are the operations of small businessmen, who have weathered the worst
part of the recession, but are still just scraping by, and with little leeway
for error.Economic reports should continue to prove out that the harsh weather
that battered all of the country in January, especially the population
concentrated Northeast, provided a speed bump to economic growth. The few
January reports that have reached the wire to-date offer enough support to our
case, but the stock market has not shown ill-effect as yet.The Leading
Indicators Index, just reported for January, showed only a 0.1% increase. The
meek result compared against December's revised 0.8% increase and November's
1.1% rise. The Conference Board, which puts the LEI together, reported that
while the economic trend is expansionary, current economic conditions remain weak.
The cumulative change in the LEI over the last six months is a solid 3.0%.
However, the Board reported that the Coincident Economic Index, which measures
current conditions, rose just 0.1%, following a 0.3% increase in December and
0.2% rise in November. Furthermore, the Conference Board's Lagging Economic
Index dropped 0.1%.The factors behind the softness in January were listed as
weaker housing permits and poor labor market indicators. We've posited here
before that the weather likely played a role in weird results from the Labor
Department last month, if not keeping depressed job searchers buried at home.
We've likewise warned that the weather might throw off January's housing data,
some of which has already been released, with more to come next week.Other
reports have more clearly depicted the sad season we describe here. Industrial
Production, reported Wednesday for January, produced a 0.1% decrease where
economists were looking for a 0.5% increase. Capacity Utilization also
confounded economists, falling to 76.1% from a revised 76.2% rate in December.
Economists were looking for an improvement to 76.3%. Now, Industrial Production
actually softened partly due to lower utility production on warmer average
temperatures in January, which is a counter to our argument. Though, Factory
Production in isolation and excluding motor vehicle production, rose modestly
0.1%, agreeing with our theory somewhat. The softer data piles on. The month's Housing
Starts data showed a slippage in permitting activity, as the pace slowed to
562K, from 627K in December. Furthermore, single-family home authorizations
fell 4.8% to 421K. The pace of single-family housing starts also fell 1% to
413K. January's Retail Sales (and sales excluding autos) rose 0.3%, but both
figures missed the economists' consensus expectations for 0.5% increases.As
economists seem to have overlooked the weather in January, they have likely
conveyed a certain optimism to strategists, who have likewise guided portfolio
managers and analysts. As more data points are reported for January, and if
they are reported significantly off, then stocks could sell off briefly over
the short-short-term on a shift in understanding.Indeed, some companies have
been directly impacted by the weather already, and others will likely report
earnings impact in their Q1 releases. FedEx cut its projected fiscal third
quarter EPS forecast to a range of $0.70 to $0.90, from $0.95 to $1.15, due to
in part to "winter storms." Analysts had been looking for EPS of
$1.02 on average, based on Bloomberg's data. Whether directly or indirectly,
and based on my anecdotal witness, I think we can expect companies to report
weather impacted results for this quarter. With economists, strategists and
analysts potentially all off the mark, there's risk to stocks.Given the January
weather is not an ongoing issue, you can look for analysts to blow off any
negative surprises, and to guide investors to stick with their recommendations
as they also save face. The weather is still considered a temporary and
insignificant factor in valuation (though that's increasingly debatable given
climate change), and so any damage to stocks should be only a trading hit that
might open opportunities for long-term buying interests in good names. However,
most technical charts, including those by our technical analyst, show a market
overdue for a correction. Thus, perhaps we have here a catalyst.’
February 18, 2011: Market Summary [Caveat: This
market is worse than overbought. This market is fraudulently manipulated,
overvalued as preceded all other crashes and this time will be no different and
in some ways worse owing to the structural shift away from pervasively corrupt,
defacto bankrupt america. ] Investopedia ‘The past several weeks have been very difficult
for traders who believe that the markets are headed for a
pullback. It seems like any signs of weakness have been quickly overcome
by the bulls and the markets continue to chug along as they race to
new highs. While it is prudent to preach caution when the markets are in such a
strong uptrend, the simple fact is that there is no evidence yet of a market
top. It is wise for traders to respect this strength and simply
recognize that the environment is overbought
21
Signs That The Once Great U.S. Economy Is Being Gutted, Neutered, Defanged,
Declawed And Deindustrialized Once upon a time… The Economic Collapse Feb 12, 2011 ‘Once upon a time, the United
States was the greatest industrial powerhouse that the world has ever
seen. Our immense economic machinery was the envy of the rest of the
globe and it provided the foundation for the largest and most vibrant middle
class in the history of the world. But now the once great U.S. economic
machine is being dismantled piece by piece. The U.S. economy is being
gutted, neutered, defanged, declawed and deindustrialized and very few of our
leaders even seem to care. It was the United States that once showed the
rest of the world how to mass produce televisions and automobiles and airplanes
and computers, but now our industrial base is being ripped to shreds.
Tens of thousands of our factories and millions of our jobs have been shipped
overseas. Many of our proudest manufacturing cities have been transformed
into “post-industrial” hellholes that nobody wants to live in anymore.
Meanwhile,
wave after wave of shiny new factories is going up in nations such as China,
India and Brazil. This is great for those countries, but for the millions
of American workers that desperately needed the jobs that have been sent
overseas it is not so great.
This is the
legacy of globalism. Multinational corporations now have the choice
whether to hire U.S. workers or to hire workers in countries where it is legal
to pay slave labor wages. The “great sucking sound” that Ross Perot
warned us about so long ago is actually happening, and it has left tens of
millions of Americans without good jobs.
So what is to
become of a nation that consumes more than it ever has and yet continues to
produce less and less?
Well, the
greatest debt binge in the history of the world has enabled us to maintain (and
even increase) our standard of living for several decades, but all of that debt
is starting to really catch up with us.
The American
people seem to be very confused about what is happening to us because most of
them thought that the party was going to last forever. In fact, most of
them still seem convinced that our brightest economic days are still ahead.
After all,
every time we have had a “recession” in the past things have always turned
around and we have gone on to even greater things, right?
Well, what
most Americans simply fail to understand is that we are like a car that is
having its insides ripped right out. Our industrial base is being gutted
right in front of our eyes.
Most Americans
don’t think much about our “trade deficit”, but it is absolutely central to
what is happening to our economy. Every year, we buy far, far more from
the rest of the world than they buy from us.
In 2010, the
U.S. trade deficit was just a whisker under $500 billion. This is money
that we could have all spent inside the United States that would have supported
thousands of American factories and millions of American jobs.
Instead, we
sent all of those hundreds of billions of dollars overseas in exchange for a
big pile of stuff that we greedily consumed. Most of that stuff we
probably didn’t need anyway.
Since we spent
almost $500 billion more with the rest of the world than they spent with us, at
the end of the year the rest of the world was $500 billion wealthier and the
American people were collectively $500 billion poorer.
That means
that the collective “economic pie” that we are all dividing up is now $500
billion smaller.
Are you
starting to understand why times suddenly seem so “hard” in the United States?
Meanwhile,
jobs and businesses continue to fly out of the United States at a blinding
pace.
This is a
national crisis.
We simply
cannot expect to continue to have a “great economy” if we allow our economy to
be deindustrialized.
A nation that
consumes far more than it produces is not going to be wealthy for long.
The following
are 21 signs that the once great U.S. economy is being gutted, neutered,
defanged, declawed and deindustrialized….
#1 The U.S. trade deficit with the rest of the world
rose to 497.8
billion dollars in 2010. That represented a 32.8% increase from 2009.
#2 The U.S. trade deficit with China rose to an
all-time record of 273.1
billion dollars in 2010. This is the largest trade deficit that one
nation has had with another nation in the history of the world.
#3 The U.S. trade deficit with China in 2010 was 27 times
larger than it was back in 1990.
#4 In the years since 1975, the United States had run a
total trade deficit of
7.5 trillion dollars with the rest of the world.
#5 The United States spends more
than 4 dollars on goods and services from China for every one dollar that
China spends on goods and services from the United States.
#6 In 1959, manufacturing represented 28 percent of all U.S. economic
output. In 2008, it represented only 11.5 percent and it continues to
fall.
#7 The number of net jobs gained by the U.S. economy
during this past decade was smaller than during any other
decade since World War 2.
#8 The Bureau of Labor Statistics originally predicted
that the U.S. economy would create approximately 22 million jobs during the
decade of the 2000s, but it turns out that the U.S. economy only produced about 7 million jobs during
that time period.
#9 Japan now manufactures about 5 million more
automobiles than the United States does.
#10 China has now become the world’s largest
exporter of high technology products.
#11 Manufacturing employment in the U.S. computer
industry is actually lower in 2010 than
it was in 1975 .
#12 The United States now has 10 percent fewer “middle class jobs” than it did
just ten years ago.
#13 According to Tax Notes,
between 1999 and 2008 employment at the foreign affiliates of U.S.
parent companies increased an astounding 30 percent to 10.1 million.
During that exact same time period, U.S. employment at American multinational
corporations declined 8 percent to 21.1 million.
#14 Back in 1970, 25 percent of all jobs in the United
States were manufacturing jobs. Today, only 9 percent of the jobs in the
United States are manufacturing jobs.
#15 Back in 1998, the United States had 25 percent of
the world’s high-tech export market and China had just 10 percent. Ten years
later, the United States had less than 15 percent and China’s share had soared to 20 percent .
#16 The number of Americans that have become so
discouraged that they have given up searching for work completely now
stands at an all-time high .
#17 Half of all American workers now earn $505 or less per week.
#18 The United States has lost a staggering 32 percent
of its manufacturing jobs since the year 2000.
#19 Since 2001, over 42,000 U.S. factories have closed
down for good.
#20 In 2008, 1.2 billion cellphones were sold
worldwide. So how many of them were manufactured inside the United States? Zero .
#21 Ten years ago, the “employment rate” in the United
States was about 64% . Since then it
has been constantly declining and now the “employment rate” in the United
States is only about 58% . So where
did all of those jobs go?
The world is
changing.
We are
bleeding national wealth at a pace that is almost unimaginable.
We are
literally being drained dry.
Did you
know that
China now has the world’s fastest train and the world’s largest high-speed
rail network?
They were able
to afford those things with all of the money that we have been sending them.
How do you
think all of those oil barons in the Middle East became so wealthy and could
build such opulent palaces?
They got rich
off of all the money that we have been sending them.
Meanwhile,
once great U.S. cities such as Detroit, Michigan now look like war zones.
Back in 1985,
the U.S. trade deficit with China was about 6 million dollars for the entire
year.
As mentioned
above, the U.S. trade deficit with China for 2010 was over 273billion
dollars.
What a
difference 25 years can make, eh?
What do you
find when you go into a Wal-Mart, a Target or a dollar store today?
You find row
after row after row of stuff made in China and in other far away countries.
It can be more
than a bit difficult to find things that are actually made inside the United
States anymore. In fact, there are quite a few industries that have
completely and totally left the United States. For certain product
categories it is now literally impossible to buy something made in America.
So what are we
going to do with our tens of millions of blue collar workers?
Should we just
tell them that their jobs are not ever coming back so they better learn phrases
such as “Welcome to Wal-Mart” and “Would you like fries with that”?
For quite a
few years, the gigantic debt bubble that we were living in kind of insulated us
from feeling the effects of the deindustrialization of America.
But now the
pain is starting to kick in.
It has now
become soul-crushingly
difficult to find a job in America today.
According
to Gallup , the U.S. unemployment rate is currently 10.1% and when you throw
in “underemployed” workers that figure rises to 19.6%.
Competition
for jobs has become incredibly fierce and it is going to stay that way.
The great U.S.
economic machine is being ripped apart and dismantled right in full view of us
all.
This is not a
“conservative” issue or a “liberal” issue. This is an American issue.
The United
States is rapidly being turned into a “post-industrial” wasteland.
It is time to
wake up America.’
This is
that unmentionable reality as I alluded to earlier on close scrutiny of the
data, ‘that stock prices have been manipulated to the upside beyond any and all
rational basis‘ and as I previously wrote: Perception vs. Reality: Four Reasons to Remain Cautious on U.S.
Equities [ Hey, Abbott … That’s Lou
Costello calling him from the other side … Wake up! … Just kidding … but I’m
not kidding when I say that contrary to Abbott’s view, infra, if you’re not a
successful market timer you should rethink your position as an equity investor.
Moreover, in contradistinction to Mr. Abbott’s implication, if you’re not a
successful speculator (there are very few), you should rethink your position as
a short seller: reason…, you could be wiped out, lose more than your principal,
forced to cover (that’s why
the same is considered a contrary market indicator, particularly in these
manipulated, contrived markets). When I did my MBA thesis (1977, NYU, GBA,
Eve.Prog., Finance), a review of the data revealed even then (and much more so
now with computer programmed market manipulation) that the market remained
biased / propped up (artificially, especially now with computerized
manipulation) to the upside for far longer periods of time than for the
downside which meant that dollar-cost averaging (through regular, periodic
investment, for example), meant you were accumulating shares at higher prices
generally for longer periods of time skewing the average cost to the upside
(dollar-cost-averaging in declining markets was ok if analysis / forecast saw
resurgence based on fundamentals - now absent – which is timing, as even senile
wall street / gov’t shill Buffet would attest, that ‘greedy when others are
fearful thing’). Abbott discusses perception which is the psychological factor
involved in security evaluation / analysis; but investors need not and should
become nuts themselves, particularly when as now, the inmates are running the
asylum. ] Abbott ‘Perception
determines short-term market movements. The difference between perception and
reality determines the direction of major market trends. Though I generally try
to avoid making macro prognostications, I believe bottom-up analysis can be
informative about the current level of stock prices. I want to share what my
recent work tells me about where stocks are (and where they might be headed). I
will outline some various nuggets of collective wisdom that are taken for
granted right now by stock bulls, and I will attempt to demonstrate how reality
is likely to differ from these perceptions.
First, a
disclaimer. This is not a market timing call. At all times, I stay away from
market timing predictions. I think that's a loser's game in the long run. Even
if I'm correct about the discrepancies between the following perceptions and
realities, there's no saying when people will change their minds or shift their
focuses. That said, let's dive in.
Perception
vs. Reality #1 Perception: Low Interest Rates, Questionable Bond Outlook Means Stocks are
Attractive Reality: Interest Rates Are Being Artificially and Deliberately Manipulated
It's no secret
that the Federal Reserve's low interest rate policy and quantitative easing
efforts have held interest rates very low for very long. However, when people
talk about stock market implications of bond yields, they rarely mention the
fact that bond yields are artificially low. In an unmanipulated
market, bond prices and stock valuations should be related, but I regard that
connection as highly dubious right now. Investors who say that stocks deserve
higher multiples (lower earnings yields) because bond yields are so low may
well be setting themselves up for disappointing returns/frustrating losses when
bond prices normalize. Again, this isn't a market timing call, and yields may
remain low for quite some time. But, eventually this discrepancy will correct
itself, and stock performance is likely to suffer at that time.
Perception
vs. Reality #2 Perception: Earnings Growth Has Been Strong and Will Remain That Way Reality: Top-Line Growth Will Have to Pick Up; Cost-Cutting has Run Its
Course
Earnings growth
has certainly been robust, but much of the strength has come from companies
running lean cost structures and wringing as much efficiency as possible out of
their employees and their assets. Though the recession has ended, the economy
is not yet healthy enough to fuel strong sales growth. Companies can only boost
profits by cutting costs and increasing productivity for so long. Therefore,
top-line growth will have to play a larger role going forward than it has over
the past 4-6 quarters. Whether or not economic growth is strong enough to drive
revenue increases is unsure, but the current level of stock prices undoubtedly
assumes it is. Any stagnation of the recovery and concomitant sluggish sales
will likely hit stock prices.
Perception
vs. Reality #3 Perception: European Debt Crisis Drives Short-Term Volatility, but It's Not
a Long-Term Concern Reality: Crisis May Be a Harbinger of What's to Come in the U.S. if States,
the Feds Don't Improve Balance Sheets
So far, turmoil
in Greece and Ireland has served only as a temporary headwind to U.S. stocks.
In keeping with the investment world's increasingly short-term focus, people
seem more concerned with what fiscal crises in Europe mean for U.S. stocks over
the coming days and months than with what they might mean down the road. I
believe that this interpretation misses the mark. Since the U.S. fiscal
situtation is generally considered to be stronger than that in many European
countries, U.S. federal and municipal debt issuance has been relatively smooth,
and interest rates have only risen modestly. If the U.S. doesn't get serious
about its fiscal woes, eventually the crisis will arrive on American shores.
There's no way of telling when this might happen, but the current level of
stock prices seems to imply that it never will.
Here's the
problem with that. To fix the federal balance sheet and/or to improve state and
municipal balance sheets, legislators will have to raise taxes and/or cut
spending. Tax hikes and spending cuts both reduce consumer spending. This hurts
growth. There's no way around this. Stocks can certainly continue to rise for
some time, but austerity will be bearish if/when it comes. If it doesn't come, we're
in for a much bigger crisis some time down the road.
Perception
vs. Reality #4 Perception: Everywhere You Look, You See Good Companies at Cheap Prices Reality: It's Hard to Find Genuine Bargains, but There are Intriguing Short
Prospects Everywhere
There is no
shortage of stock market commentators who claim that they see bargains
everywhere they look. Perhaps I'm not looking in the right places, but I've
been having a difficult and increasingly impossible time finding good companies
at reasonable prices. I use similar criteria to assess long and short
investments, and I find intriguing shorts in lots of sectors right now. This
tells me that valuations are stretched. Certainly they can become more so
before we get a selloff, but every day that stocks rally, they get more
expensive.
I've written on Seeking
Alpha about a number of stocks which I regard as expensive (CRM , OPEN , GMCR ), and take my word for it:
there are plenty more than these whose shares I do not want to own at present
levels. A few weeks ago, I also mused about the Facebook-Goldman deal and
argued that this valuation is indicative of excessive investor enthusiasm.
Bargains are hard to find, and as valuations go up, so does positive sentiment.
While this is not a prediction of an impending correction or bear market, it is
a message of caution for people who think stocks are cheap right now.
All that said, I
always try to consider both sides of any investment issue, and there are some
reasons for optimism. Job growth has shown signs of improvement, and some
economic data have been increasingly (though not uniformly) positive. The
Federal Reserve remains accommodative, and I'm skeptical about whether or not
there is political will for austerity. For these reasons, stocks could continue
onward and upward. That said, I see too many reasons for caution, and investors
are turning a blind eye to these concerns as their complacency rises.’
12
Economic Collapse Scenarios That We Could Potentially See In 2011 What
could cause an economic collapse in 2011? Well, unfortunately there are quite a
few “nightmare scenarios” that could plunge the entire globe into another
massive financial crisis. The Economic Collapse Jan
20, 2011 ‘What could cause an economic collapse in 2011? Well, unfortunately
there are quite a few “nightmare scenarios” that could plunge the entire globe
into another massive financial crisis. The United States, Japan and most
of the nations in Europe are absolutely drowning in debt. The Federal
Reserve continues to play reckless games with the U.S. dollar. The price
of oil is skyrocketing and the global price of food just hit a new record
high. Food riots are already breaking out all over the world.
Meanwhile, the rampant fraud and corruption going on in world financial markets
is starting to be exposed and the whole house of cards could come crashing down
at any time. Most Americans have no idea that a horrific economic
collapse could happen at literally any time. There is no way that all of
this debt and all of this financial corruption is sustainable. At some
point we are going to reach a moment of “total system failure”.
So will it be
soon? Let’s hope not. Let’s certainly hope that it does not happen
in 2011. Many of us need more time to prepare. Most of our families
and friends need more time to prepare. Once this thing implodes there
isn’t going to be an opportunity to have a “do over”. We simply will not
be able to put the toothpaste back into the tube again.
So we had all
better be getting prepared for hard times. The following are 12 economic
collapse scenarios that we could potentially see in 2011….
#1 U.S. debt could become a massive crisis at any
moment. China is saying all of the right things at the moment, but many
analysts are openly worried about what could happen if China suddenly
decides to start dumping all of the U.S. debt that they have
accumulated. Right now about the only thing keeping U.S. government
finances going is the ability to borrow gigantic amounts of money at extremely
low interest rates. If anything upsets that paradigm, it could
potentially have enormous consequences for the entire world financial system.
#2 Speaking of threats to the global financial system,
it turns out that “quantitative easing 2″ has had the exact opposite
effect that Ben Bernanke planned for it to have. Bernanke insisted that
the main goal of QE2 was to lower interest rates, but instead all it has done
is cause interest rates to go up substantially .
If Bernanke this incompetent or is he trying to mess everything up on purpose?
#3 The debt bubble that the entire global economy is
based on could burst at any time and throw the whole planet into chaos. According
to a new report from the World Economic Forum , the total amount of credit
in the world increased from $57 trillion in 2000 to $109 trillion in
2009. The WEF says that now the world is going to need another $100
trillion in credit to support projected “economic growth” over the next
decade. So is this how the new “global economy” works? We just keep
doubling the total amount of debt every decade?
#4 As the U.S. government and the Federal Reserve
continue to pump massive amounts of new dollars into the system, the floor
could fall out from underneath the U.S. dollar at any time. The truth is
that we are already starting to see inflation really accelerate and everyone
pretty much acknowledges that official U.S. governments figures for inflation
are an absolute joke. According
to one new study , the cost of college tuition has risen 286% over the last
20 years, and the cost of “hospital, nursing-home and adult-day-care services”
rose 269% during those same two decades. All of this happened during a
period of supposedly “low” inflation. So what are price increases going
to look like when we actually have “high” inflation?
#5 One of the primary drivers of global inflation
during 2011 could be the price of oil. A large number of economists are
now projecting that the price of oil could surge well
past $100 dollars a barrel in 2011. If that happens, it is going to
put significant pressure on the price of almost everything else in the entire
global economy. In fact, as
I have explained previously , the higher the price of oil goes, the faster
the U.S. economy will decline.
#6 Food inflation is already so bad in some areas of
the globe that it is setting off massive food riots
in nations such as Tunisia and Algeria. In fact, there have been reports
of people setting themselves on fire all
over the Middle East as a way to draw attention to how desperate they
are. So what is going to happen if global food prices go up another 10 or
20 percent and food riots spread literally all over the globe during 2011?
#7 There are persistent
rumors that simply will
not go away of massive physical gold and silver shortages. Demand for
precious metals has never been higher. So what is going to happen when
many investors begin to absolutely insist on physical delivery of their
precious metals? What is going to happen when the fact that far, far, far
more “paper gold” and “paper silver” has been sold than has ever actually
physically existed in the history of the planet starts to come out? What
would that do to the price of gold and silver?
#8 The U.S. housing industry could plunge the U.S.
economy into another recession at any time. The real estate market is
absolutely flooded with homes and virtually nobody is buying. This
massive oversupply of homes means that the construction of new homes has fallen
off a cliff. In 2010, only
703,000 single family, multi-family and manufactured homes were
completed. This was a new record low, and it was down 17% from the previous
all-time record which had just been set in 2009.
#9 A combination of extreme weather and disease could
make this an absolutely brutal year for U.S. farmers. This winter we have
already seen thousands of new cold weather and snowfall records set across the
United States. Now there is some very disturbing news emerging out of
Florida of an “incurable
bacteria” that is ravaging citrus crops all over Florida. Is there a
reason why so many bad things are happening all of a sudden?
#10 The municipal bond crisis could go “supernova” at
any time. Already, investors are bailing out of bonds at a frightening
pace. State and local government debt is now sitting at an all-time high
of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal
bond crisis that we are facing is a gigantic threat to our financial system….
“It has
tentacles as wide as anything I’ve seen. I think next to housing this is the
single most important issue in the United States and certainly the largest
threat to the U.S. economy.”
Former Los Angeles mayor Richard Riordan is convinced
that things are so bad that literally 90% of our states and cities could go
bankrupt over the next five years….
#11 Of course on top of everything else, the quadrillion
dollar derivatives bubble could burst at any time. Right now we are
watching the greatest financial
casino in the history of the globe spin around and around and around and
everyone is hoping that at some point it doesn’t stop. Today, most money
on Wall Street is not made by investing in good business ideas. Rather,
most money on Wall Street is now made by making the best bets.
Unfortunately, at some point the casino is going to come crashing down and the
game will be over.
#12 The biggest wildcard of all is war. The Korean
peninsula came closer to war in 2010 than it had in decades. The Middle
East could literally explode at any time. We live in a world where a
single weapon can take out an entire city in an instant. All it would
take is a mid-size war or a couple of weapons of mass destruction to throw the
entire global economy into absolute turmoil.
Once again,
let us hope that none of these economic collapse scenarios happens in 2011.
However, we
have got to realize that we can’t keep dodging these bullets forever.
As bad as 2010
was, the truth is that it went about as good as any of us could have
hoped. Things are still pretty stable and times are still pretty good
right now.
But instead of
using these times to “party”, we should be using them to prepare.
A really,
really vicious economic storm is coming and it is going to be a complete and
total nightmare. Get ready, hold on tight, and say your prayers.’
Poor
Recovery: The Problem Is Institutional [ Well it’s true that the problem is
institutional as in pervasively corrupt, incompetent, nonproductive in real
terms relative to their cost / damage (still no pros on the wall street fraud
which is ongoing in terms of the last crisis, the worthless paper marked to
anything, and the current bubble fraud that’s high-frequency computerized
churn-and-earn high-frequency commissioned / sold into, 360 tons of $100 bills
disappear in Iraq, etc.. What do they get paid for?) ( Peter
Schiff: Washington a parasite to economy ‘US
foreclosures hit record highs in 2010, but that may not be the worst of it.
2011 may be even worse. Meanwhile, JP Morgan Chase exceeded market
expectations, announcing a 47% rise in quarterly profits and released details
on a $28.1 billion pay and bonus pool. Peter Schiff, the President of Euro
Pacific Capital said Washington and Wall Street are becoming one force and are
sucking the underlying American dry like a parasite’ .); but the problem
is structural, as in transfer of jobs, industries, etc. (among the sources of
the huge over-compensation to wall street, company executives), never to return
in any meaningful sense; and as in the defacto bankruptcy of the nation with
insurmountable record debt / deficits or stated another way, broke. Unlike in
the past, once beyond the propaganda, rhetoric, and smoke and mirrors /
obfuscation, there is no prospective way for america to grow its way out, nor
are there funds in real money with which to do it. Quite simply, america’s
broke / bankrupt in every which way. ]
Loundsbury ‘Harold Meyerson, Op Ed Columnist at The Washington Post ,
has hit the nail right on the head, in the opinion of GEI . Meyerson
says the debate about whether the recession and poor recovery is a cyclical
problem or a structural problem is misguided. He says the problem is
institutional - - - and is he ever right!In a column
last week, Myerson points out that the devastation of The Great Recession has
fallen disproportionately on the blue collar population, those without a
college degree. And he traces the rolling over of median family income in this
century, not just in the downturn, but since the turn of the century. Even at
the peak, in 2007, median family income was less than in 2000.
What Meyerson
doesn't point out is that average incomes have faired better in the 21st
century and in all of the past 50 years. In fact, average family income has
risen more than 2.5 times as much and median income over the last 30 years. Why
is this important? Because the more there is a fat tail of ever higher incomes
for a few, the greater the difference between average and median income
becomes.
Myerson says:
The great sociologist William
Julius Wilson has long argued that the key to the
unraveling of the lives of the African American poor was the decline in the
number of "marriageable males" as work disappeared from the inner
city. Much the same could now be said of working-class whites in neighborhoods
that may not look like the ghettos of Cleveland or Detroit but in which productive
economic activity is increasingly hard to find.
This grim new reality has yet to inform our debate
over how to come back from this mega-recession. Those who believe our downturn
is cyclical argue that job-creating public spending can restore us to prosperity,
while those who believe it's structural - that we have too many carpenters,
say, and not enough nurses - believe that we should leave things be while
American workers acquire new skills and enter different lines of work. But
there's a third way to look at the recession: that it's institutional, that
it's the consequence of the decisions by leading banks and corporations to stop
investing in the job-creating enterprises that were the key to broadly shared
prosperity.
Since Meyerson has chosen income disparity as a
cornerstone of his argument, let's look at how incomes have grown over the last
50 years. These are shown in the following graph, not adjusted for inflation.
click to enlarge images [chart]
Real median income and average income seem to grow
similarly in the 1950s and 1960s, the growth of average income starts to pull
away in the mid-1960s and appears to continue to gain gound for the the next
40+ years. The more average income deviates from median income the more money
is found in the high income tail on the distribution curve. This is often
called a "fat tail", which is very appropriate in this discussion
because that is where the fat cats are. The fat tail has not gotten so because
ten times as many people equaled the incomes of the former fat cats, but more
because a few fat cats have received 10 times the income. This is exemplified
by the often quoted statistic that average CEO salaries were 40x average worker
pay 50 years ago and today are more like 400x.
The change income distribution that seems to be
appearing in the above graph becomes more apparent in the following graph where
real income gains are shown for the last six decades starting with the ten
years from 1949 - 1959 (the 1950s) and ending with 1999 - 2009 (the 2000s). [chart]
The 1950s and 60s were real boom years. Starting with
the 1970s a lower level of income growth was established, but even that lower
level could not be maintained in the 2000s.
After the 1950s every decade has seen average real
income grow more than the median. The fat tail has gotten fatter over the past
half century in every decade, without exception. Yes the average did decline in
the 2000s, but the median declined 76% more!
The most dramatic pattern of change is evident when
the data is divided into two halves: 1949 to 1979 and 1979 - 2009. This is done
in the following graph: [chart]
For thirty years after World War II the wealth of the
country increased in a balanced manner. The average income containing the
greater contribution from the top earners of the day, grew at a rate very
similar to the income growth of the broader population, represented by the
median.
Yes there were "fat cats" and they had
significantly larger incomes than the bulk of the population. And these top
incomes grew over those three decades, but at almost the same rate as the
majority of the populace.
Then something happened. From 1979-2009 it appears
that the American pie suddenly got smaller. In the later three decades the real
median income growth was less than 10% of the rate seen from 1949 to 1979. And
as the pie got smaller, the fat cats took a much larger share. The average
income grew at a rate 254% that of the median income. You might say that, as
the cow gave less milk, the top of the economic ladder skimmed more and more
cream off the top.
Meyerson identifies the force majuere to be
corporate America:
Our multinational companies still invest, of course -
just not at home. A study by the Business
Roundtable and the U.S. Council Foundation found that the
share of the profits of U.S.-based multinationals that came from their foreign
affiliates had increased from 17 percent in 1977 and 27 percent in 1994 to 48.6
percent in 2006. As the companies' revenue from abroad has increased, their
dependence on American consumers has diminished. The equilibrium among
production, wages and purchasing power - the equilibrium that Henry Ford
famously recognized when he upped his workers' pay to an unheard-of $5 a day in
1913 so they could afford to buy the cars they made, the equilibrium that
became the model for 20th-century American capitalism - has been shattered.
Making and selling their goods abroad, U.S. multinationals can slash their
workforces and reduce their wages at home while retaining their revenue and
increasing their profits. And that's exactly what they've done.
Meyerson doesn't get into some of the other areas
that might be brought to bear on the current condition of the American economy:
He doesn't address the fact that the U.S. ranks
below some third world countries in education. He doesn't discuss the increasing burden of
health care, both because costs have been running out of control and
because an ever increasing portion of the population is kept from making
the contribution they might have otherwise because of poor health. He doesn't discuss the capture of much potential
domestic capital by financial engineers who find it much easier to get
rich in a rigged casino than to make money the old fashioned way.
Part of the problem is that Americans have fallen
into the way of the easiest path, where, either by credit card or by making
quick trades, the desires of the moment are satisfied with no seemingly current
cost.
It seems that few want to think about the needs of
tomorrow. This is true starting with the masses who kiss off the idea of
working hard in school to prepare for what they will need 20 years down the
road. This is also true of the "capitalist" who finds that skimming a
few percent off each of many deals a year to get quick, large quarterly returns
is much easier than investing and building something that will will make much
larger returns extending over decades and producing things of real economic
utility.
There are a number of things that Meyerson does not
address, but if you want to hit one nail at a time, I think he has picked the
baddest nail in the plank. He finishes his column thusly:
Our economic woes, then, are not simply cyclical or
structural. They are also - chiefly - institutional, the consequence of U.S.
corporate behavior that has plunged us into a downward cycle of
underinvestment, underemployment and under-consumption. Our solutions must be
similarly institutional, requiring, for starters, the seating of public and
worker representatives on corporate boards. Short of that, there will be no
real prospects for reversing America's downward mobility.
If we were to address all the other issues I mentioned
previously and did not address the institutional problem Meterson has
identified, we would not ultimately solve our economic puzzle.’
20
Shocking New Economic Records That Were Set In 2010 2010 was quite a year,
wasn’t it? 2010 will be remembered for a lot of things, but for those living in
the United States, one of the main things that last year will be remembered for
is economic decline…The Economic
Collapse Jan 14, 2011 ‘2010 was
quite a year, wasn’t it? 2010 will be remembered for a lot of things, but
for those living in the United States, one of the main things that last year
will be remembered for is economic decline. The number of foreclosure
filings set a new record, the number of home repossessions set a new record,
the number of bankruptcies went up again, the number of Americans that became
so discouraged that they simply quit looking for work reached a new all-time
high and the number of Americans on food stamps kept setting a brand new record
every single month. Meanwhile, U.S. government debt reached record highs,
state government debt reached record highs and local government debt reached
record highs. What a mess! In fact, even many of the “good”
economic records that were set during 2010 were indications of underlying
economic weakness. For example, the price of gold set an all-time record
during 2010, but one of the primary reasons for the increase in the price of
gold was that the U.S. dollar was rapidly losing value. Most Americans
had been hoping that 2010 would be the beginning of better times, but
unfortunately economic conditions just kept getting worse.
So will things
improve in 2011? That would be nice, but at this point there are not a
whole lot of reasons to be optimistic about the economy. The truth is
that we are trapped in a period of long-term economic decline and we are now
paying the price for decades of horrible decisions.
Amazingly,
many of our politicians and many in the mainstream media have declared that
“the recession is over” and that the U.S. economy is steadily improving now.
Well, if
anyone tries to tell you that the economy got better in 2010, just show them
the statistics below. That should shut them up for a while.
The following
are 20 new economic records that were set during 2010….
#1 An all-time record of 2.87
million U.S. households received a foreclosure filing in 2010.
#2 The number of homes that were actually repossessed reached
the 1 million mark for the first time ever during 2010.
#3 The price of gold moved above $1400 an ounce for the
first time ever during 2010.
#4 According to the American Bankruptcy Institute,
approximately 1.53
million consumer bankruptcy petitions were filed in 2010, which was up 9
percent from 1.41 million in 2009. This was the highest number of
personal bankruptcies we have seen since the U.S. Congress substantially
tightened U.S. bankruptcy law several years ago.
#5 At one point during 2010, the average time needed to
find a job in the United States had risen to an all-time record of 35.2 weeks .
#6 Back in 1970, 25 percent of all jobs in the United
States were manufacturing jobs. Today, only 9 percent of the jobs in the
United States are manufacturing jobs, which is believed to be a new record low.
#7 The number of Americans working part-time jobs “for
economic reasons” was the highest it has been in at least five decades
during 2010.
#8 The number of American workers that are so
discouraged that they have given up searching for work reached an all-time high near the end of 2010.
#9 Government spending continues to set new all-time
records. In fact, at the moment the U.S. government is spending
approximately 6.85 million
dollars every single minute.
#10 The number of Americans on food stamps surpassed
43 million by the end of 2010. This was a new all-time record, and
government officials fully expect the number of Americans enrolled in the
program to continue to increase throughout 2011.
#11 The number of Americans on Medicaid surpassed 50
million for the first time ever in 2010.
#12 The U.S. Census Bureau originally announced that
43.6 million Americans are now living in poverty and according to them that was
the highest number of Americans living in poverty that they had ever
recorded in 51 years of
record-keeping . But now the Census Bureau says that they
miscalculated and that the real number of poor Americans is actually 47.8 million .
#13 According to the FDIC, 157
banks failed during 2010. That was the highest number of bank
failures that the United States has experienced in any single year during the
past decade.
#14 The Federal Reserve brought in a record $80.9 billion in profits during
2010. They returned $78.4 billion of that to the U.S. Treasury, but the
real story is that thanks to the Federal Reserve’s continual debasement of our
currency, the U.S. dollar was
worth less in 2010 than it ever had been before.
#15 It is projected that the major financial firms on
Wall Street will pay out an all-time record of $144 billion in compensation for
2010.
#16 Americans now owe more than $881 billion on student loans,
which is a new all-time record.
#17 In July, sales of new homes in the United States declined to the lowest level
ever recorded .
#18 According to Zillow, U.S. housing prices have now
declined a
whopping 26 percent since their peak in June 2006. Amazingly, this is
even farther than house prices fell during the Great Depression. From
1928 to 1933, U.S. housing prices only fell 25.9 percent.
#19 State and local government debt reached at an
all-time record of 22 percent of U.S. GDP during 2010.
#20 The U.S. national debt has surpassed the 14 trillion
dollar mark for the first time ever and it is being projected that it will
soar well past 15 trillion during 2011.
There are some
people that have a hard time really grasping what statistics actually
mean. For people like that, often pictures and charts are much more
effective. Well, that is one reason I like to include pictures and graphs
in many of my articles, and below I have posted my favorite chart from this
past year. It shows the growth of the U.S. national debt from 1940 until
today. I honestly don’t know how anyone can look at this chart and still
be convinced that our nation is not headed for a complete financial meltdown….[chart]
14 Eye Opening Statistics Which Reveal Just How
Dramatically The U.S. Economy Has Collapsed Since 2007 The Economic Collapse Jan 10, 2011
Sadly,
our economic situation is continually getting worse. Every month the
United States loses more factories. Every month the United States loses
more jobs. Every month the collective wealth of U.S. citizens continues
to decline. Every month the federal government goes into even more
debt. Every month state and local governments go into even more debt.
Unfortunately,
things are going to get even worse in the years ahead. Right now we look
back on 2005, 2006 and 2007 as “good times”, but in a few years we will look
back on 2010 and 2011 as “good times”.
We
are in the midst of a long-term economic decline, and the very bad economic
choices that we have been making as a nation for decades are now starting to
really catch up with us.
So
as horrible as you may think that things are now, just keep in mind that things
are going to continue to deteriorate in the years ahead.
But
for the moment, let us remember how far we have fallen over the past few
years. The following are 14 eye opening statistics which reveal just how
dramatically the U.S. economy has collapsed since 2007….
#1
In November 2007, the official U.S. unemployment rate was just 4.7
percent. Today, the official U.S. unemployment rate is 9.4 percent
#2
In November 2007, 18.8% of unemployed Americans had been out of work for 27
weeks or longer. Today that percentage is up to 41.9%
#3
As 2007 began, there were just over 1 million Americans that had been
unemployed for half a year or longer. Today, there are over
6 million Americans
#4
Nearly 10 million Americans now receive unemployment insurance, whichis
almost four times
#5
More than half of the U.S. labor force (55 percent
#6
According to one analysis, the United States has lost a total of approximately
10.5 million jobs
#7
As 2007 began, only 26 million Americans were on food stamps. Today, an
all-time record of 43.2 million Americans
#8
In 2007, the U.S. government held a total of $725 billion in mortgage
debt. As of the middle of 2010, the U.S. government held a total of $5.148 trillion
#9
In the year prior to the “official” beginning of the most recent recession in
2007, the IRS filed just 684,000 tax liens against U.S. taxpayers. During
2010, the IRS filed over a million tax liens
#10
From the year 2000 through the year 2007, there were 27 bank failures in the
United States. From 2008 through 2010, there were 314 bank failures
#11
According to the U.S. Department of Housing and Urban Development, the number
of U.S. families with children living in homeless sheltersincreased from 131,000 to 170,000
#12
In 2007, one poll found that 43 percent of Americans were living “paycheck to
paycheck”. Sadly, according to a survey released very close to the end of
2010, approximately 55 percent
#13
In 2007, the “official” federal budget deficit was just 161 billion
dollars. In 2010, the “official” federal budget deficit was approximately 1.3 trillion dollars
#14
As 2007 began, the U.S. national debt was just under 8.7 trillion
dollars. Today, the U.S. national debt has just surpassed 14 trillion dollars
So
is there any hope that we can turn all of this around?
Unfortunately,
the massive amount of debt that we have piled up as a society over the last
several decades has made that impossible.
If
you add up all forms of debt (government debt, business debt, individual debt),
it comes to approximately 360 percent of GDP. It is the biggest debt
bubble in the history of the world.
If
the federal government and our state governments stop borrowing and spending so
much money, our economy would collapse. But if they keep borrowing and
spending so much money they will continually make the eventual economic
collapse even worse
We
are in the terminal stages of the most horrific debt spiral the world has ever
seen, and when the debt spiral gets stopped the house of cards is going to
finally come down for good.
So
enjoy these times while you still have them. Yes, today is not nearly as
prosperous as 2007 was, but today is most definitely a whole lot better than
2015 or 2020 is going to be.
Sadly,
we could have avoided this financial disaster completely if only we had
listened more carefully to those that founded this nation. Once upon a
time, Thomas Jefferson said
the following
I wish it were possible to obtain a
single amendment to our Constitution. I would be willing to depend on that
alone for the reduction of the administration of our government to the genuine
principles of its Constitution; I mean an additional article, taking from the
federal government the power of borrowing.’
Tipping
Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The
financial collapse that so many of us have been anticipating is seemingly
closer then ever. Over the past several weeks, there have been a host of
ominous signs for the U.S. economy.The Economic Collapse
The financial
collapse that so many of us have been anticipating is seemingly closer then
ever. Over the past several weeks, there have been a host of ominous
signs for the U.S. economy. Yields on U.S. Treasuries have moved up
rapidly and Moody’s is publicly warning that it may have to cut the rating on
U.S. government debt soon. Mortgage rates are also moving up
aggressively. The euro and the U.S. dollar both look incredibly
shaky. Jobs continue to be shipped out of the United States at a
blistering pace as our politicians stand by and do nothing. Confidence in
U.S. government debt around the globe continues to decline. State and
local governments that are drowning in debt across the United States are
savagely cutting back on even essential social services and are coming up with
increasingly “creative” ways of getting more money out of all of us.
Meanwhile, tremor after tremor continues to strike the world financial system.
So does this mean that we have almost reached a tipping point? Is the
world on the verge of a major financial collapse?
Let’s hope
not, but with each passing week the financial news just seems to get eve
worse. Not only is U.S. government debt spinning wildly toward a breaking
point, but many U.S. states (such as California) are in such horrific financial
condition that they are beginning to resemble banana republics.
But it is not
just the United States that is in trouble. Nightmarish debt problems in
Greece, Spain, Portugal, Ireland, Italy, Belgium and several other European
nations threaten to crash the euro at any time. In fact, many economists
are now openly debating which will collapse first – the euro or the U.S.
dollar.
Sadly, this is
the inevitable result of constructing a global financial system on debt.
All debt bubbles eventually collapse. Currently we are living in the
biggest debt bubble in the history of the world, and when this one bursts it is
going to be a disaster of truly historic proportions.
So will we
reach a tipping point soon? Well, the following are 25 signs that the
financial collapse is rapidly getting closer….
#1 The official U.S. unemployment rate has not been
beneath 9 percent since
April 2009 .
#2 According to the U.S. Census Bureau, there are
currently 6.3
million vacant homes in the United States that are either for sale or for
rent.
#3 It is being projected that the U.S. trade deficit
with China could hit 270 billion dollars
for the entire year of 2010.
#4 Back in 2000, 7.2 percent of blue collar workers
were either unemployed or underemployed. Today that figure is up
to 19.5 percent .
#5 The Chinese government has accumulated approximately
$2.65 trillion in
total foreign exchange reserves. They have drained this wealth from the
economies of other nations (such as the United States) and instead of
reinvesting all of it they are just sitting on much of it. This is
creating tremendous imbalances in the global economy.
#6 Since the year 2000, we have lost 10% of our middle class jobs. In the
year 2000 there were approximately 72 million middle class jobs in the United
States but today there are only about 65 million middle class jobs.
#7 The United States now employs about the same number
of people in manufacturing as
it did back in 1940 . Considering the fact that we had 132 million
people living in this country in 1940 and that we have well over 300 million
people living in this country today, that is a very sobering statistic.
#8 According to CoreLogic, U.S. housing prices have now
declined for
three months in a row .
#9 The average rate on a 30 year fixed rate mortgage soared
11 basis points just this past week. As mortgage rates continue to push
higher it is going to make it even more difficult for American families to
afford homes.
#10 22.5 percent of all residential mortgages in the
United States were in negative equity as of the end of the third quarter
of 2010.
#11 The U.S. monetary base has
more than doubled since the beginning of the most recent recession.
#12 U.S. Treasury yields have been rising steadily
during the 4th quarter of 2010 and
recently hit a six-month high .
#13 Incoming governor Jerry Brown is scrambling to find
$29 billion more to cut from the California state budget. The
following quote from Brown about the desperate condition of California
state finances is not going to do much to inspire confidence in California’s
financial situation around the globe….
“We’ve been living in fantasy land. It is much worse
than I thought. I’m shocked.”
#14
24.3
percent of the residents of El Centro, California are currently unemployed.
#15
The average home in Merced, California has declined in value by
63 percent over the past four years.
#16
Detroit Mayor Dave Bing has come up with a new way to save money. He
wants to cut 20
percent of Detroit off from essential social services such as road repairs,
police patrols, functioning street lights and garbage collection.
#17
The second most dangerous city in the United States – Camden, New Jersey – is
about to lay off about
half its police in a desperate attempt to save money.
#18
In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent. More older
Americans than ever find that they have to keep working just to survive.
#19
Back in 1998, the United States had 25 percent of the world’s high-tech export
market and China had just 10 percent. Ten years later, the United States had
less than 15 percent and China’s share had soared to 20 percent .
#20
The U.S. government budget deficit increased to a whopping $150.4 billion last
month, which represented the biggest November budget deficit on record .
#21
The U.S. government is somehow going to have to roll over existing debt and
finance new debt that
is equivalent to 27.8 percent of GDP in 2011.
#22
The United States had been the leading consumer of energy on the globe for
about 100 years, but this past summer China took over the number one spot .
#23
According to an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail out of the profession
over the next three years.
#24
As 2007 began, there were just over 1 million Americans that had been
unemployed for half a year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#25
All over the United States, local governments have begun instituting “police
response fees”. For example, New York Mayor Michael Bloomberg has come up
with a plan under which a
fee of $365 would be charged if police are called to respond to an
automobile accident where no injuries are involved. If there are injuries
as a result of the crash that is going to cost extra.
16
Nightmarish Economic Trends To Watch Carefully In 2011 The
American Dream Dec 15, 2010 ‘If you only watch the “economic pundits” on
television, it can be very confusing to figure out exactly what is happening
with the U.S. economy. One pundit will pull out a couple statistics that
got a little bit better over the past month and claim that we have entered a
time of solid recovery. Another pundit will pull out a couple statistics
that got a little worse over the past month and claim that we are headed for
trouble. So what is the truth? Well, if you really want to get a
clear idea of what is really going on you have to look at the long-term
trends. There are some economic trends which just keep getting worse year
after year after year, and it is those trends that tell the real story of the
decline of our economic system.As you examine
the long-term trends, you quickly come to realize that the U.S. is trapped in
an endless spiral of debt, the middle class is being wiped out, the U.S. dollar
is being destroyed and America is rapidly becoming a post-industrial wasteland.
Posted below
are 16 nightmarish economic trends to watch carefully in 2011. It is
becoming exceedingly apparent that unless something is done rapidly we are
heading for an economic collapse of unprecedented magnitude….
#1 Do you want to see something scary? Just check
out the chart below. Since the beginning of the economic downturn, the
U.S. monetary base has more than doubled. But don’t worry – Federal
Reserve Chairman Ben Bernanke has promised us that this could never cause
inflation. In fact, Bernanke says that we need to inject even more
dollars into the economy. So if you are alarmed by the chart below, you
are just being irrational according to Bernanke….
[chart]
#2 Thousands of our factories, millions of our jobs and
hundreds of billions of dollars of our national wealth continue to be shipped
overseas. In 1985, the U.S. trade deficit with China was 6 million dollars
for the entire year . In the month of August
alone, the U.S. trade deficit with China was over 28 billion . Nobel economist Robert W. Fogel of the University of Chicago
is projecting that the Chinese economy will be three times larger than the U.S. economy by the
year 2040 if current trends continue.
#3 The United States is rapidly becoming a
post-industrial wasteland. Back in 1959, manufacturing represented 28
percent of all U.S. economic output. In 2008, it represented only
11.5 percent and it continues to fall. Sadly, the truth is that America
is being deindustrialized. As of the end of 2009, less
than 12 million Americans worked in manufacturing. The last time that
less than 12 million Americans were employed in manufacturing was in 1941.
#4 The number of Americans that have been out of work
for an extended period of time has absolutely exploded over the last few
years. As 2007 began, there were just over 1 million Americans that had
been unemployed for half a year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#5 The middle class continues to be squeezed out of
existence. According to a poll
taken in 2009 , 61 percent of Americans ”always or usually” live
paycheck to paycheck. That was up substantially from 49 percent
in 2008 and 43 percent in 2007.
#6 The number of Americans living in poverty is
absolutely skyrocketing. 42.9 million Americans are now on food
stamps, and one out of every six Americans is now enrolled
in at least one anti-poverty program run by the federal government.
Unfortunately, many of those that have been hardest hit by this economic
downturn have been children. According to one new study,
approximately 21 percent of all children in the United States are
living below the poverty line in 2010 - the highest rate in 20 years.
#7 Many American families have been pushed beyond the
breaking point during this economic downturn. Over 1.4 million Americans
filed for personal bankruptcy in 2009, which represented a
32 percent increase over 2008 . The final number for 2010 is expected
to be even higher.
#8 The U.S. real estate market continues to
stagnate. During
the third quarter of 2010 , 67 percent of mortgages in Nevada were
“underwater”, 49 percent of mortgages in Arizona were “underwater” and 46
percent of mortgages in Florida were “underwater”. So what happens if
home prices go down even more?
#9 More elderly Americans than ever are being forced to
put off retirement and continue working. In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent.
Unfortunately, it looks like this problem will only get worse in the years
ahead. In America today, approximately half of all workers have
less than $2000 saved up for retirement.
#10 In the United States today, there are simply far too
many retirees and not nearly enough workers to support them. Back in 1950
each retiree’s Social Security benefit was paid for by 16
workers. Today, each retiree’s Social Security benefit is paid for
by approximately 3.3 workers. By 2025 it is projected that
there will be approximately two workers for each retiree.
#11 Financial assets continue to become concentrated in
fewer and fewer hands. For example, the “big four” U.S.
banks (Citigroup, JPMorgan Chase, Bank of America and Wells
Fargo) had approximately 22 percent of all deposits in FDIC-insured
institutions back in 2000. As of the middle of 2009 that figure was up to 39 percent .
#12 The Federal Reserve has been destroying the value of
the U.S. dollar for decades. Since the Federal Reserve was created in
1913, the U.S. dollar has lost over 95 percent of its purchasing power.
An item that cost $20.00 in 1970 would cost you $112.35 today. An item
that cost $20.00 in 1913 would cost you $440.33 today.
#13 Commodity prices continue to soar into the
stratosphere. Ten years ago, the price of a barrel of oil hovered around 20 to 30
dollars most of the time. Today, the price of oil is rapidly closing
in on 100 dollars a barrel and there are now fears that it could soon go much
higher than that.
#14 Federal government spending is completely and
totally out of control. The U.S. government budget deficit increased to a
whopping $150.4 billion last month, which represented the biggest November deficit on record . But our
politicians can’t seem to break their addiction to debt. In fact,
Democrats are trying to ram through a
1,924 page, 1.1 trillion dollar spending bill in the final days of the
lame-duck session of Congress before the Republicans take control of the House
of Representatives next year.
#15 The U.S. national debt is rapidly closing in on 14 trillion dollars . It is more
than 13 times larger than it was just 30 short years ago. According to an
official U.S. Treasury Department report to Congress, the U.S. national
debt is projected to climb
to an estimated $19.6 trillion by 2015 .
#16 Unfortunately, the official government numbers
grossly understate the horrific nature of the crisis we are facing. John
Williams of Shadow Government Statistics has calculated that if the federal
government would have used GAAP accounting standards to measure the federal
budget deficit for 2009, it would have been approximately 8.8
trillion dollars . Not only that, but John Williams now says that U.S.
government debt is
so wildly out of control that it is mathematically impossible for us to
“grow” our way out of it….
The government’s finances not only are out of control,
but the actual deficit is not containable. Put into perspective, if the
government were to raise taxes so as to seize 100% of all wages, salaries and
corporate profits, it still would be showing an annual deficit using GAAP
accounting on a consistent basis. In like manner, given current revenues,
if it stopped spending every penny (including defense and homeland security)
other than for Social Security and Medicare obligations, the government still
would be showing an annual deficit. Further, the U.S. has no potential way
to grow out of this shortfall.
The more one examines the U.S. economic situation,
the more depressing it becomes. The U.S. financial system is trapped
inside a horrific debt spiral and we are headed straight for economic
oblivion.
If our leaders attempt to interrupt the debt spiral
it will plunge our economy into a depression. If our leaders attempt to
keep the debt spiral going for several more years it will just make the
eventual crash even worse. Either way, we are headed for a financial
implosion that will be truly historic.
The debt-fueled good times that we have been enjoying
for the last several decades are rapidly coming to an end. Unfortunately
for the tens of millions of Americans that are already suffering, our economic problems
are only going to get worse in the years ahead.’
Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘…
Unemployment is up again! That’s right – even though Wall Street is swimming in
cash and the Obama administration is declaring that “the recession is over”,
the U.S. unemployment rate has gone even higher. So are you enjoying the
jobless recovery? Economic
Collapse Blog Dec 4, 2010 ‘Guess what? Unemployment is up
again! That’s right – even though Wall Street is swimming in cash and the
Obama administration is declaring that “the recession is over”, the U.S.
unemployment rate has gone even higher ... Times are really, really tough and
unfortunately the long-term outlook is very bleak. We should have
compassion on those who are out of work right now, because soon many of us may
join them.The following
are 25 unemployment statistics that are almost too depressing to read….
#1 According to the Bureau of Labor Statistics, the
U.S. unemployment rate for November was 9.8
percent . This was up from 9.6 percent in October, and it continues a
trend of depressingly high unemployment rates. The official unemployment
number has been at 9.5 percent or higher for well over a year at this point.
#2 In November 2006, the “official” U.S. unemployment
rate was just 4.5
percent .
#3 Most economists had been expecting the U.S. economy
to add about 150,000 jobs in November. Instead, it
only added 39,000 .
#4 In the United States today, there are over 15
million people who are “officially” considered to be unemployed for statistical
purposes. But everyone knows that the “real” number is even much larger
than that.
#5 As 2007 began, there were just over 1 million
Americans that had been unemployed for half a year or longer. Today,
there are over
6 million Americans that have been unemployed for half a year or longer.
#6 The number of “persons not in the labor force” in
the United States recently
set another new all-time record .
#7 It now takes the average unemployed American over
33 weeks to find a job.
#8 When you throw in “discouraged workers” and
“underemployed workers”, the “real” unemployment rate in the state of
California is
actually about 22 percent .
#9 In America today there are not nearly enough jobs
for everyone. In fact, there are now approximately
5 unemployed Americans for every single job opening.
#10 According
to The New York Times , Americans that have been unemployed for five weeks
or less are three times more likely to find a new job in the coming month than
Americans that have been unemployed for over a year.
#11 The U.S. economy would need to create 235,120
new jobs a month to get the unemployment rate down to pre-recession levels
by 2016. Does anyone think that there is even a prayer that is going to
happen?
#12 There are 9
million Americans that are working part-time for “economic reasons”.
In other words, those Americans would gladly take full-time jobs if they could
get them, but all they have been able to find is part-time work.
#13 In 2009, total wages, median wages, and average
wages all
declined in the United States.
#14 As of the end of 2009, less than 12 million
Americans worked in manufacturing. The last time that less
than 12 million Americans were employed in manufacturing was in 1941.
#15 The United States has lost at least 7.5
million jobs since the recession began.
#16 Today, only
about 40 percent of Ford Motor Company’s 178,000 workers are employed
in North America, and a big percentage of those jobs are in Canada and
Mexico.
#17 In 1959, manufacturing represented 28
percent of U.S. economic output. In 2008, it represented 11.5
percent.
#18 Earlier this year, one poll found that 28% of all American households had at least one member that
was looking for a full-time job.
#19 In the United States today, over
18,000 parking lot attendants have college degrees.
#20 The United States has lost a staggering
32 percent of its manufacturing jobs since the year 2000.
#21 As the employment situation continues to stagnate,
millions of American families have decided to cut back on things such as insurance
coverage. For example, the percentage of American households that have
life insurance coverage is at its lowest level in
50 years .
#22 Unless Congress acts, and there is no indication
that is going to happen, approximately 2 million Americans will stop receiving unemployment checks over the next
couple of months.
#23 A poll that was released by the Pew Research Center
back in June discovered that an
astounding 55 percent of the U.S. labor force has
experienced either unemployment, a pay decrease, a reduction in hours
or an involuntary move to part-time work since the economic downturn
began.
#24 According to Richard McCormack, the United States
has lost over
42,000 factories (and counting) since 2001.
#25 In the United States today, 317,000
waiters and waitresses have college degrees.
But this is
what we get for creating the biggest debt
bubble in the history of the world. For decades we have been digging
a deeper hole for ourselves by going into increasingly larger amounts of
debt. In America today, our entire economy is based on debt. Even
our money
is debt . We were fools if we ever thought this could go on forever.
Just think about it. Have you ever gone out and run up a bunch of
debt? It can be a lot of fun sitting behind the wheel of a new car,
running your credit cards up to the limit and buying a beautiful big house that
you cannot afford. But in the end what happens? It always catches up with you.
Well, our collective debt is starting to catch up with us. There is a sea
of red ink on every level of American society. It is only a matter of
time before it destroys our economy. IF YOU THINK THAT
THINGS ARE BAD NOW, JUST WAIT. THINGS ARE GOING TO GET A WHOLE LOT
WORSE. A HORRIFIC ECONOMIC COLLAPSE IS COMING, AND IT IS GOING TO BE
VERY, VERY PAINFUL.’
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron Task is the host of Tech
Ticker. You can follow him on Twitter at @atask [email protected]
Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘
17 Things Worrying
Investors Lloyd's Wall of Worry stock exchange Million Dollar
LiveLeak.com - Loonie closes above U.S. dollar … dollar for first time closes below parity on Canadian
loonie … hey, hey, hey … 'Huge' stock decline — but not yet MarketWatch
- Brimelow ‘Oh come
on! Manipulated dollar decline with inflated earnings, stock prices thereby,
etc., … we’ve seen this all before … the last few crashes … Jobless
rate jumps to 9.8% as hiring slows (Washington Post) [ The reality is not a mystery! The nation’s
been thrown under the bus for the greater good (wealth) of the very few (frauds
on wall street, etc.); wall street giving out record bonuses from their accomplished
fraud (with no-recession b.s. bernanke help) of $144 BILLION: Come on! This is
gettin’ even more downright ridiculous (if that’s even possible)! Pending home
foreclosure / distress sales up, oil prices (and oil stocks) up, debased dollar
down, plus a little familiar ‘better than expected’ thrown in along with
prospects of a ‘no-recession bernanke’ market-frothing bull session on 60
minutes and, voila, suckers’ rally into the close to keep the suckers suckered!
What’s good for the frauds on wall street is bad for just about everyone else
which includes the vast majority of people and businesses, domestically and
globally, as current dollar manipulation / debasement ultimately results in
higher costs and loss of purchasing power (ie., oil, etc.). Clearly, this is one
of those fraudulent wealth transfers to the frauds on wall street et als which
will ultimately be paid for by those who least are in a position to afford it,
courtesy of the ever more worthless Weimar dollar, etc., inflating earnings,
eps, lowering p/e multiples, etc., see infra. This is an especially great time
to sell / take profits while you can since there's much worse to come!
Previous: Rosy numbers on consumer sentiment, unemployment (far better than
private forecasts) from the government prior to the holiday so-called ‘shop
till you drop’? How can anyone believe anything they say? Najerian interviewed
by Motek chimes in with the reason for good retail cheer; viz., people have
stopped paying their mortgages and are using the funds to purchase retail goods;
while Davidowitz adds that with record numbers of americans on food stamps,
real unemployment at 17+, and wall street giving out record bonuses from their
accomplished fraud (with no-recession b.s. bernanke help) of $144 BILLION … the high end stores / jewelers will do well
… daaaaah! And, with insiders and wall
street frauds selling into the bubble as preceded last crash, this is an
especially great opportunity to sell / take profits! Suckers’ rally on light volume, full moon, and government
complicity (false data / reports) to keep suckers suckered (easy for the wall
street frauds to do with just a mouse click / push of the button – and, they
know all those technical trade lines that are easy to program in this current
phase of the scam/fraud with the debased dollar). Keep in mind, the totally
mindless blather from the ‘cottage industries’ of and fraudulent wall street
itself in talking up lower P/E multiples when the same is a direct result of
the debasement of the dollar and the consequent manipulation / translation (not
real, see Davis, infra) which preceded the financial crisis / last crash.
Unemployment, trade, deficit, etc., numbers continue decidedly worse than
expected along with other negative data (and in the ‘wrong direction’, that
spin accorded ‘down but not as bad as before’ b*** s*** ) yet the market has
rallied like no tomorrow with used home foreclosure / distressed sales, though
abated owing to ‘foreclosuregate’, the other ‘heralded’ good news. Moreover, the dumbo lemmings of Europe have
jumped on the fraudulent defacto bankrupt american crazy train propelled to the
precipice also as if no tomorrow. This is about keeping the suckers sucked in
with the help of a market-frothing pre-election debased dollar for favorable
currency translation and paper (but not real when measured in, ie., gold, etc.)
profits which preceded the last crisis, inflating a bubble as in the last
crisis to facilitate the churn-and-earn, particularly with computerized (and
high frequency) trades and which commissions they’ll get again on the way down.
There is nothing to support these overbought stock prices, fundamentally or
otherwise. These are desperate criminals ‘at work’. Even wall street shill, the
senile Buffett is saying we’re still in a recession (depression) [
Davis: ‘… all profits are inflated
by 10% (from falling, debased dollar) and that 10% is the E that gets divided
from the P and gives us a much better price/multiple to hang our hats on and
that gets investors to BUYBUYBUY …’ The bull market that never was / were beyond wall
street b.s. when measured in gold This is a great
opportunity to sell / take profits (these lower dollar, hyperinflationary
currency manipulations / translations to froth paper stocks will end quite
badly as in last crash)! This
is a global depression. This is a secular bear market in a global depression.
The past up moves were manipulated bull (s***) cycles (at best) in a secular
bear market. This has been a typically manipulated bubble as has preceded the
prior crashes with great regularity that the wall street frauds and insiders
commission and sell into. This is a typical wall street ‘programmed
computerized high-frequency churn and earn pass the hot potato scam / fraud as
in prior crashes ( widely reported )’. This national decline, economic and otherwise, will not end
until justice is served and the wall street frauds et als are criminally
prosecuted, jailed, fined, and disgorgement imposed.The Stock Market's
Long Decline Has Begun Smith
47
Statistics That Indicate That Economic Stress Points In 2011 Could Be Setting
The Stage For A Global Economic Meltdown In 2012 Is the world approaching a
devastating global economic meltdown? Right now there are a large number of
factors that are creating economic stress points all over the globe.‘The
American Dream Feb 16, 2011 Is the world approaching a devastating global
economic meltdown? Right now there are a large number of factors that are
creating economic stress points all over the globe. All of the crazy
money printing that the Federal Reserve and other central banks have been doing
is putting inflationary pressure on agricultural commodities, oil and precious
metals. Massive floods, horrific droughts and extreme weather patterns
all over the globe are ruining crops and creating food shortages. Some
nations are now actually hoarding food, and in other nations rising prices have
sparked food riots. The price of oil has been moving back towards $100 a
barrel, and if it stays at a high level for an extended period of time that is
going to have very serious consequences for the global economy. In
addition, the growing sovereign debt crisis could erupt again at any
time. Half a dozen nations in Europe are on the verge of insolvency,
Japan’s national debt is now well over 200 percent of GDP, and the global
financial system is growing increasingly concerned about the exploding national
debt of the United States. The truth is that the entire world financial
system is a house of cards balanced on a razor’s edge and it could come down at
any time.Sadly, very
little has changed since the world financial system experienced almost a
complete meltdown back in 2008. Global financial markets are still a
whirlpool of debt and speculation. One really bad week could put us right
back where we were prior to the infamous Wall Street bailouts. Very
little in our world is truly stable anymore. As we have seen recently in
Egypt, the globe can literally change almost overnight. All it would take
is for one really bad event to happen and world financial markets would
instantly start imploding.
So when will
the coming economic collapse happen? Nobody knows for sure, but the fact
that the global economy is increasingly becoming less stable as we approach the
year 2012 is making a lot of people very nervous.
The following
are 47 statistics that indicate that economic stress points in 2011 could be
setting the stage for a global economic meltdown in 2012….
#1 According to the United Nations, global food
prices set a new all-time record
during the month of January.
#2 In early February the worst freeze in 60
years wiped out entire crops all across the southwestern U.S. and northern
Mexico. Already, it has been reported that some U.S. supermarkets have
doubled or even tripled prices for certain produce items.
#3 It is being reported that due to the recent horrible
freeze in Mexico cases of tomatoes that would usually cost shop owners between
12 and 15 dollars are now going for up to $40 .
#4 One of China’s key agricultural provinces is facing
its worst drought in 200 years .
#5 The Food and Agriculture Organization says that up to
two-thirds of China’s wheat crop could be at risk of failing due to weather
conditions.
#6 Officials in Mexico are estimating that four million
tons of corn have been lost because of the recent freeze. That represents
a full 16 percent of Mexico’s annual corn harvest.
#7 The price of corn has doubled over the last six months
and it recently hit a new all-time high .
#8 The U.S. Department of Agriculture has announced
that corn supplies are the tightest that they have been in 15 years .
#9 It appears that Chinese imports of corn will
be about 9 times larger than the
U.S. Department of Agriculture originally projected them to be for 2011.
#10 The price of wheat has more than doubled over
the past year and it hit a 30-month high on Monday.
#11 In the event of a global catastrophe, current global
stockpiles of wheat would only be able to feed the world for 82 days .
#12 According to Forbes , the price
of soybeans is up about 50% since last June.
#13 The price of cotton has more than doubled over
the past year.
#14 The commodity price of orange juice has doubled since 2009.
#15 The price of sugar is the highest it has been in 30 years .
#16 The United Nations is projecting that the global
price of food will increase by
another 30 percent by the end of 2011.
#17 In the U.K., the official rate of inflation is now twice as high as the
target rate of inflation.
#18 Inflation in China is starting to get out of
control. For example, food prices in China rose 10.3 percent during the
month of January.
#19 Almost 14 percent of all credit
card accounts in the United States are currently 90 days or more delinquent.
#20 New home sales in the state of California were
at the lowest level ever
recorded in the month of January.
#21 According to the U.S. Bureau of Labor Statistics,
the number of job openings in the United States declined for a second straight month
during December.
#22 Average household debt in the United States has now
reached a level of 136% of average household income.
#23 It is estimated that there are about 5 million
homeowners in the United States that are at least two months
behind on their mortgages, and it is being projected that over a million
American families will be booted out of their homes this year alone.
#24 Today, 46% of all Americans carry a
credit card balance from month to month.
#25 700,000 Americans have signed up for a credit card
that has interest rates that go as high as 59.9% .
#26 Americans now owe more than $889 billion on student loans,
which is even more than they owe on credit cards.
#27 The FDIC is “insuring” U.S. bank deposits that total
5.4 trillion dollars with a deposit insurance fund that is currently sitting at
approximately negative 8 billion dollars .
#28 The Social Security trust fund will run a deficit
of 56 billion dollars this
year. Just a couple of years ago government planners were promising that
we would not have any Social Security deficits until at least 2016 or 2017.
#29 When you adjust wages for inflation, middle class
workers in the United States make less money today than they did back in 1971 .
#30 4.2 million Americans have
been unemployed for one year or longer at this point.
#31 The number of Americans that have become so
discouraged that they have given up searching for work completely now
stands at an all-time high .
#32 According to a recent Gallup poll, 35 percent of Americans
believe that unemployment is currently the most important problem in the United
States. Another 29 percent believe that the economy is currently our
biggest problem.
#33 Gallup also says that 19.6 percent of the workforce in
America is currently either unemployed or underemployed.
#34 The U.S. government says that 504,000 Americans “dropped out of
the labor force” in January.
#35 The Obama administration is projecting that the
federal budget deficit will be 1.65 trillion dollars for
fiscal 2011.
#36 It is estimated that the total U.S. national
debt will be greater
than 100 percent of GDP by the end of this fiscal year.
#37 The U.S. government relies on foreign nations such
as China and Japan to finance 40 percent of all new government debt.
#38 State and local government debt is now sitting at an
all-time high of 22 percent of U.S. GDP.
#39 The Chinese are now hoarding gold like there is no
tomorrow. In fact, Chinese demand for gold has now risen to
approximately 25% of total global production .
#40 According to
a recent report from the World Economic Forum , the world is going to need
another $100 trillion in credit to support projected “economic growth” over the
next decade.
#41 According to the U.S. Conference of Mayors, visits
to soup kitchens are up 24 percent over the past
year.
#42 One out of every seven
Americans is now on food stamps.
#43 One out of every six elderly
Americans now lives below the federal poverty line.
#44 During the last school year, almost half of all school children in
the state of Illinois came from families that were considered to be
“low-income”.
#45 According to a survey released very close to the end
of 2010, 55 percent of all Americans are now living
paycheck to paycheck. A major economic downturn could quickly wipe out
millions of families.
#46 Gasoline prices in the United States are now the
highest that they have ever been
in the middle of February.
#47 Faith in our economic system continues to
decline. According to one new report, only 26 percent of
Americans now trust the U.S. financial system.’
Video: Why Isn’t
Wall St. in Jail? [ This truly will prove to be the story of the century
(albeit an abbreviated one and a turning point toward america’s intractable
decline) owing to what will ultimately be the lynch-pin of global economic /
financial collapse ushering in an era of great scarcity in more ways than can
be imagined. The pervasively corrupt, defacto bankrupt american nation /
government has literally underwritten this massive fraud at the expense of the
vast majorities directly and indirectly, precluded prosecution while
obfuscating the substantial crimes, literally becoming accomplices thereby.
There is absolutely no excuse for what is essentially a defalcation and
abrogation of duty. I was watching a somewhat obscure film recently which
(though elsewhere on this page and site I’ve set forth alarming crime
statistics clearing showing america as number 1 in all categories by wide
margins) which set forth the statistic that america has 85% of the world’s
serial killers (and I’d go further in saying it is likely that america has a
similar lead in war crimes, etc.) ] MSNBC | Cenk Uygur talks
to Matt Taibbi about his latest Rolling Stone article.
US troops set
for longer Afghan stay [ Defacto bankrupt america can afford it …
riiiiight! ] FT.com | Surge is likely to stay in place long
beyond Obama’s plan to pull troops this year.
Saudis Worried
Protests Will Hit Home [ For the
sake of the saudi Arabian people, more than just protests should come to
fruition! ] AFP |
Saudi royal warns Arab world uprisings could cause harm unless they reform.
Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia
effect; far less than democratic and far more deadly in the mideast among other
places; talk about hypocrites. How does one family claim ownership of all the
oil reserves of a sovereign nation as the saudis; time for the saudis to go the
way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas
canisters bombard sleeping protesters in Manama's Pearl Square. At least two
men are reported killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice
of America
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York
Daily News | Donald Rumsfeld and Dick Cheney were booed on Thursday at
the Conservative Political Action Conference. Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for
US Senate? Is he signaling his bid for US president? Or is he hinting at
something deeper within the US political climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up
by and to shill for a declining, fallen nation in the most corrupt regions of
the country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles Learning
Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia
mob fame with his continuing message for the past several years: buy real estate
(and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts Inside trump Taj Mahal
Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With
Employee Killed – What else would you you expect from a mobster’s casino in
mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3 rd circuit
ct appeals, understands drug money laundering/fraud and handles her own motions
to recuse her and like mobster trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [
trump also said america’s become the laughingstock of the world … true
enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly bureaucracies.
Rules of law mean nothing to these typically corrupt americans. Most, including
sam alito of the u.s. supreme court, concerning drug money laundering and
obstruction of justice in the 3rd circuit ( also maryanne trump
barry who covered-up drug money laundering through her brother’s casinos in a
civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the
money, personal money, big, cash, untraceable money. The fog of war is great
for such things (360 tons $100 bills flown into Iraq and missing, etc.). [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
WeAreChange Confronts Dick Cheney on 9/11 Standdown Order
Aaron Dykes | Activist group confronts former vice
president Dick Cheney about inconsistencies in 9/11 testimony and actions in
PEOC bunker. ‘Infowars.com February 15,
2010The testimony of Norman
Mineta before the 9/11 Commission leaves compelling questions about former
Vice President Dick Cheney’s actions on the day of 9/11. Then Transportation
Secretary Mineta witnessed Cheney refuse to contradict an apparent standdown
order as an aide warned of something incoming at the Pentagon. Cheney has given
conflicting
reports about what time he entered the PEOC bunker. Mineta later
confirmed his suppressed 9/11 Commission testimony and refuted Cheney’s
account of arriving later.During the CPAC conference, WeAreChange.org confronted Cheney about
these questions, which he refused to address.“Hey Mr. Cheney, what did you
do in the underground bunker on 9/11? Dick Cheney we know what you did on 9/11
with the standdown order. Norman Mineta testified against you on the 9/11
Commission report. What happened on 9/11?” When he was being forced out,
WeAreChange.org founder Luke Rudkowski calmly asked security not to push him;
security backed off after asking him, ‘Are you being polite?’Luke Rudkowski and James Lane of We Are Change confront Dick Cheney in
Washington D.C. at CPAC 2/10/2011.
(Click each document for a larger image ) admittedly
elevated terror alerts throughout the Bush administration to stoke the fear
card and score political dominion alone is reason to justify this label. The
implications of what really happened on 9/11, and in relation to Cheney’s
apparent standdown order, is even more compelling. Notably, a change in the
standard operating procedure for the chain of command during the event of a
hijacked aircraft was changed in June 2001, including subjecting NORAD’s
response to DoD approval (SEE BELOW).Ron
Paul won the presidential straw poll and Dick Cheney was heckled
and called a “war-monger” during a pep rally where Donald Rumsfeld was given
the “Defender of the Constitution Award.”
From Norman
Mineta’s testimony :
“During the time that the airplane was coming into the Pentagon, there
was a young man who would come in and say to the Vice President…the plane is 50
miles out…the plane is 30 miles out….and when it got down to the plane is 10
miles out, the young man also said to the vice president “do the orders still
stand?” And the Vice President turned and whipped his neck around and said “Of
course the orders still stand, have you heard anything to the contrary!?’
Drudgereport:
DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... BUDGET
WOES FORCE STATES TO CONSIDER ABOLISHING '12 PRESIDENTIAL PRIMARIES... STATE
BUDGETS ON THE BRINK: CA, TX, IL, NY, NJ... OBAMA
BACKS UNION UPROAR PELOSI
BACKS PROTESTERS: 'I STAND IN SOLIDARITY'... WISC
GOV: 'NOT GOING TO BE BULLIED, INTIMIDATED'... Orders
state troopers to bring Dems to Capitol... 'There
Is Fear For Scott Walker's Safety'... Dem
Sen: We'll stay away for weeks... WALKOUT:
Milwaukee Schools closed; teachers call in 'sick'... REPORT:
Average city teacher compensation tops $100,000... PAPER:
GET BACK TO WORK! DNC
playing role in protests... Jesse
to the Rescue: Jackson rallies protesters... 'A
real Martin Luther King moment'... Union
Fight Heats Up... Republicans
vow to cut spending in state capitols... Protests
Spread to Ohio... Michigan... 'Coming
To Minnesota'... Idaho
offical target of threats over education reform plan... Egypt
in America? 'Day
of Rage' Hits Wisconsin over state unions... Madison
schools closed; 1,100 teachers call in 'sick'... Obama:
'Assault on Unions'... Obama-founded
OFA spearheading effort to defeat bill... Boehner:
'Suspend these tactics'... DEMS
FLEE STATE HOUSE SENATE
DEMOCRATS FOUND -- AT A RESORT IN ILLINOIS! Gov.
Walker calls on Dems to return, vote... Protesters,
supporters clash in Ohio over union bill... Activists
swarm Boehner's Capitol Hill home; Chant 'don't tread on DC'.. Carney:
Stimulus 'Goals Have Been Met'... GALLUP:
Unemployment hits 10%... Feds
Borrow Additional $29,660/Household Since Obama Signed Stimulus... Ratings
Downgrades Loom for Cash-Strapped States... Hillary Clinton: Israeli Settlements 'Illegitimate'… [We know that
hill … We’ve known that for quite some time along with their illegal nukes, war
crimes, etc…The whole world knows that hill… so don’t just talk about it … DO
SOMETHING! ] ...
Offended
Mubarak refuses calls from Obama... Ahmadinejad:
Obama can't spell his own name (True … it’s ‘w o b a m a’ with ‘the b for b*** s***’ his surname …
he’s so pathetic and a total caricature / joke!) ... Egypt's
protests flare despite military warning... Libya
set for 'day of anger'... Thousands
of police confront protesters in Yemen... Riot
police storm Bahrain camp; 2 reported dead... ABCNEWS
Correspondent Beaten... 100
Egyptians reach Italy amid Arab exodus... CARTER:
Muslim 'hood nothing 'to be afraid of'... PAPER:
Senate hearing turns into farce as American ignorance on Egypt revealed... USA TO REBUKE ISRAEL AT UN Poll:
Majority of Republicans Doubt Obama's Birthplace... Agents
Shot in Mexico... WORRIES
OBAMA OFFICIALS... ICE
IN VICE... GAO:
Feds have 'operational control' of 44% of border; just 15% 'air tight'... DAY
3: 'Watson' the computer creams human 'JEOPARDY!' champs... REPORT: Steve Jobs receiving
treatment at cancer center... PAPER: 'Reportedly sicker
than previously admitted'... ISSA MAKES A MOVE: New
subpoena seeks records on sweetheart loans... U.S.
Government Shuts Down 84,000 Websites, ‘By Mistake’ 'Kill Switch' Internet bill
alarms privacy experts... GOP BLASTS FCC NET RULES...
TSA agents busted at JFK for
stealing $160,000 from bags...
Hillary
Clinton donors indicted... Man
mugs 96-year-old -- for $5... France
Wants New Global Finance System; End of Dollar Dominance... Fannie,
Freddie bailout: $153 billion and counting... GALLUP:
Unemployment at 10.3%... Muslim
Bros plan political party... Present
Two Faces... Pakistan
Islamists warn of protests if US prisoner freed... SECSTATE
JR: Sen Kerry arrives in Pakistan, expresses 'regret', 'sorrow'... GADDAFI
TELLS PALESTINIANS: REVOLT AGAINST ISRAEL World
Bank: Food prices at 'dangerous levels'... Gov't
Motors to pay out $189 million in bonuses; some workers to get 50% payoffs.. Deficit
Expected to Jump to $1.65 Trillion... ...'slow
train wreck coming' BUDGET
BLOWOUT: How big is $3.73 trillion? $12,000 from each American... ANALYSIS:
$1.5 trillion
tax hike over 10 years... AIRLINES:
New fees would be $2 billion tax increase on flyers... Sessions:
Obama failed on budget... Long
Spending Fight... Produce
prices to skyrocket with freeze in Mexico, Southwest... Clothing
Prices to Rise 10% Starting in Spring... China
Replaced Japan in 2010 as Number 2 Economy... China
plans Colombian rail link to challenge Panama canal... The
March On Berlusconi... Berlusconi
indicted in prostitution probe...
Malware
'Aimed at Iran Hit Five Sites'...
Mubarak
'falls into coma after final speech'... Egyptian
military orders last protesters out of 'Liberation Square'... Consolidates
power... Delivers
ultimatum... Boy
wrestler forfeits match to female opponent...
Bank
regulators update Senate (Washington Post) [ Update,
riiiiight! … sounds like a plan! … for the spectator sport called the u.s.
senate … what an over-rated, over-compensated, over-stayed bunch of incompetent
boobs. Time for shorter terms and term limits for these failed, flawed, and
venal politicians; along with the paycuts they richly deserve. Their solution
to most problems … leave it to the perps as they bilk the nation but contribute
mightily to their campaign funds. ] Lawmakers hope to set nationwide
requirements for foreclosures. Boehner
draws line on spending bill (Washington Post)
[ Lines … riiiiight! … republicans are great ones for drawing lines … Poppy
bush’s line in sand ( everyone who really knows the real story knows that
bush’s cia station chief, april glaspie gave sadam hussein the green light to
invade Kuwait over their dispute concerning Kuwait’s slant-drilling of Iraqi
oil reserves … to contrive the conflict. ), lines of war-criminal dumbya bush
of with us or aggin’ us, etc., but we can thank both parties in terms of their bi-partisan contribution to
ever-growing unemployment LINES. Yes,
unemployment numbers were quite bad this day, but the frauds on wall street
with fed help you’ll ultimately pay for rallied anyway. Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘…
Unemployment is up again! That’s right – even though Wall Street is swimming in
cash and the Obama administration is declaring that “the recession is over”,
the U.S. unemployment rate has gone even higher. So are you enjoying the
jobless recovery? Economic
Collapse Blog ‘Guess what? Unemployment is up again! That’s
right – even though Wall Street is swimming in cash and the Obama
administration is declaring that “the recession is over”, the U.S. unemployment
rate has gone even higher ... Times are really, really tough and unfortunately
the long-term outlook is very bleak. We should have compassion on those
who are out of work right now, because soon many of us may join them.The
following are 25 unemployment statistics that are almost too depressing to
read…. See infra for list
Stock Melt-Up Continues to Ignore Warnings [ While I generally warn against
short-selling as an investment strategy for all but the most successful
speculators (there are very, very few), if there ever was a time to try your
luck at same, that time is now! We’re now beyond the absurd in these
overbought, overvalued, contrived, manipulated markets. See also, Dave infra,
‘…Further, the Philly Fed (riiiiight …
that global hub of manufacturing activity) came in much higher than expected
although inside the numbers the prices paid vs prices received disparity was
the greatest since 1979. That wasn't a great time for corporate profits. Even
though there's some "discussion" within the Fed over the
effectiveness of QE operations another heavy dose of POMO
was released to trading …’ Why Isn’t Wall Street
in Jail? Matt Taibbi |
Financial crooks brought down the world’s economy — but the feds are doing more
to protect them than to prosecute them. ( This is not a too big to fail, but a
too willing to pay bribes to jail - reality. This really is beyond the pale,
particularly when they trumpet prosecution of $225 million in medicare frauds
while wall street’s continuing fraud in the trillions remains unprosecuted –
there is no excuse whatsoever – pervasively corrupt, defacto bankrupt america
is done!). ] Minyanville ‘Suttmeier, chief market
strategist at ValuEngine.com : The stock melt-up has the major equity
averages above this week’s pivots putting the focus on the Nasdaq and its
quarterly risky level at 2853. The Dow Transports broke above the potential
double-top. Stocks are ignoring the ValuEngine Valuation Warning and extreme
overbought technical market indicators. The 10-Year yield failed at my weekly
risky level at 3.568 after holding my annual value level at 3.791 last week.
Comex gold is above my annual pivot at $1356.5 and closed above its 50-day
simple moving average
The Dow Industrial Average (12,288) remains extremely overbought and
closed above its weekly pivot at 12,274 testing 12,303.16. The 21-day
simple moving average rises to 12,063 with today’s risky level at 12,399. The S&P 500 (1336.3) closed above its weekly pivot at
1335.6, setting a new high for the move at 1337.61. The 21-day simple
moving average rises to 1306.1 with today’s risky level at 1344.4. The Nasdaq (2826) closed back above this week’s pivot at 2811 with my
quarterly risky level at 2853. The 21-day simple moving average rises to 2756
with today’s risky level at 2840. Dow Transports (5286) tested and held its weekly pivot at 5206
on Tuesday, then breaks above its January 18 high at 5256.80 to 5306.54 on
Wednesday. Today’s risky level is 5317. The Russell 2000 (828.37) is above its weekly pivot at 811.80
with its July 2007 high at 862.00. Today’s risky level is 837.39.
This also means that 67.6% of all
stocks are overvalued. 10-Year Note -- (3.619) Is between my annual value level at 3.791 and my
weekly risky level at 3.568.Comex Gold -- ($1375.3) My annual pivot is $1356.5 with the 50-day simple
moving average at $1372.2 with my monthly risky level at $1412.4.Nymex Crude Oil -- ($85.00) Continues to trade below my semiannual pivot
at $87.52 and is now oversold on its daily chart with today’s value level at
$82.85.The Euro -- (1.3567) Still above its 50-day simple moving average at
1.3377 with my weekly risky level at 1.3636.Housing Starts and Permits Remain Soft -- Housing Starts increased 14.6%
in January, but the gain was entirely due to a 77.7% increase in the
multifamily sector. Single family starts declined 1.0% to a 413,000 annual rate
with single family permits down 4.8%. Overall building permits declined 10.4%.More Information From the NAHB Housing Market Index -- If you look at
the National Association of Home Builders Housing Market Index going back to
1985 it never went below 20 until October 2007. During the 1988 to 1992
mini-crisis the lowest reading was 20 in January 1991. For the current popping
of the housing bubble this index peaked at 72 in June 2005, when the CEOs of the
publicly traded home builders described the housing market as the best they
have ever seen.credit The Mortgage Bankers Association reported that their weekly Mortgage
Applications Survey decreased 9.5% with the Refinance mortgage rate The only thing that QE2 has done
is inflate an equity market to an overvalued and overbought inflating financial
bubble! The minutes from the latest Fed Meeting indicates that unemployment
and tight credit conditions continues to be a drag on the housing market. History
repeats: Housing peaked in mid-2005 and the recovery has been nil.
Community banks peaked at the end of 2006, and Bank Failure Friday continues.
Regional Banks peaked in March 2007, and toxic assets remain in the banking
system. Fed policy with that ridiculously low funds rate and QE2 is masking
problems that will still plague the US economy for the next several years.’
]
Imams
wage political battle against U.S. (Washington Post) [ Yeah!
Are not these native Afghans freedom fighters in the highest, truest, and most
noble sense of the term. I mean, pervasively corrupt / defacto bankrupt
america’s destructive and corrupting influence is unequivocal (including the
resurgent heroin trade that had all been eradicated by the Taliban). This
unlawful incursion is a lose, lose scenario for all parties; and, america’s /
israel’s / nato’s zionist aspirations in the region are among the most
self-destructive, self-defeating policies in world history. ] For the U.S. government, and for the
100,000 American troops fighting in Afghanistan, the messages delivered last
Friday could hardly have been worse.
Clock
is ticking (Washington Post) [ Oh come on! Don’t be a
spoil-sport realist; after all, these are, unlike mubarak, young
pro-saudi-american dictators and still have a bright future of repression /
oppression / suppression ahead of them for the greater good of … status quo? …
nobody really thinks so. Tick-Tock! ] Editorial: In Bahrain, America should press the government to
cease its repression [ Don’t hold your breath. ]. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia
effect; far less than democratic and far more deadly in the mideast among other
places; talk about hypocrites. How does one family claim ownership of all the
oil reserves of a sovereign nation as the saudis; time for the saudis to go the
way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas
canisters bombard sleeping protesters in Manama's Pearl Square. At least two
men are reported killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice
of America
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York
Daily News | Donald Rumsfeld and Dick Cheney were booed on Thursday at
the Conservative Political Action Conference. Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for
US Senate? Is he signaling his bid for US president? Or is he hinting at
something deeper within the US political climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up
by and to shill for a declining, fallen nation in the most corrupt regions of
the country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles Learning
Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia
mob fame with his continuing message for the past several years: buy real
estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts Inside trump Taj Mahal
Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With
Employee Killed – What else would you you expect from a mobster’s casino in
mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3 rd circuit
ct appeals, understands drug money laundering/fraud and handles her own motions
to recuse her and like mobster trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [
trump also said america’s become the laughingstock of the world … true
enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no uncertain
terms condemned and warned against by Perot, a man of honor who, unlike his
opponents, could not be bought, which is the reason, in pervasively corrupt
america, he could never have been elected. Interestingly, you may have noticed
the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
WeAreChange Confronts Dick Cheney on 9/11 Standdown Order
Aaron Dykes | Activist group confronts former vice
president Dick Cheney about inconsistencies in 9/11 testimony and actions in
PEOC bunker. ‘Infowars.com February 15,
2010The testimony of Norman
Mineta before the 9/11 Commission leaves compelling questions about former
Vice President Dick Cheney’s actions on the day of 9/11. Then Transportation
Secretary Mineta witnessed Cheney refuse to contradict an apparent standdown
order as an aide warned of something incoming at the Pentagon. Cheney has given
conflicting
reports about what time he entered the PEOC bunker. Mineta later
confirmed his suppressed 9/11 Commission testimony and refuted Cheney’s
account of arriving later.During the CPAC conference, WeAreChange.org confronted Cheney about
these questions, which he refused to address.“Hey Mr. Cheney, what did you
do in the underground bunker on 9/11? Dick Cheney we know what you did on 9/11
with the standdown order. Norman Mineta testified against you on the 9/11
Commission report. What happened on 9/11?” When he was being forced out,
WeAreChange.org founder Luke Rudkowski calmly asked security not to push him;
security backed off after asking him, ‘Are you being polite?’Luke Rudkowski and James Lane of We Are Change confront Dick Cheney in
Washington D.C. at CPAC 2/10/2011.
(Click each document for a larger image ) admittedly
elevated terror alerts throughout the Bush administration to stoke the fear
card and score political dominion alone is reason to justify this label. The
implications of what really happened on 9/11, and in relation to Cheney’s
apparent standdown order, is even more compelling. Notably, a change in the
standard operating procedure for the chain of command during the event of a
hijacked aircraft was changed in June 2001, including subjecting NORAD’s
response to DoD approval (SEE BELOW).Ron
Paul won the presidential straw poll and Dick Cheney was heckled
and called a “war-monger” during a pep rally where Donald Rumsfeld was
given the “Defender of the Constitution Award.”
From Norman
Mineta’s testimony :
“During the time that the airplane was coming into the Pentagon, there
was a young man who would come in and say to the Vice President…the plane is 50
miles out…the plane is 30 miles out….and when it got down to the plane is 10
miles out, the young man also said to the vice president “do the orders still
stand?” And the Vice President turned and whipped his neck around and said “Of
course the orders still stand, have you heard anything to the contrary!?’
Obama
joins Wisconsin budget battle Democratic
lawmakers flee state in attempt to block anti-union bill (Washington Post) [ Looks like capital hill
can pick up a few pointers from ‘dem dems … fleeing the state, that is … except
in their case it’ll be fleeing the nation-state, or what’s left of same. Drudgereport: DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... 'Day
of Rage' Hits Wisconsin over state unions... Madison
schools closed; 1,100 teachers call in 'sick'... Obama:
'Assault on Unions'... Obama-founded
OFA spearheading effort to defeat bill... Boehner:
'Suspend these tactics'... DEMS
FLEE STATE HOUSE SENATE
DEMOCRATS FOUND -- AT A RESORT IN ILLINOIS! Gov.
Walker calls on Dems to return, vote... Protesters,
supporters clash in Ohio over union bill... Activists
swarm Boehner's Capitol Hill home; Chant 'don't tread on DC'.. Carney:
Stimulus 'Goals Have Been Met'... GALLUP:
Unemployment hits 10%... Feds
Borrow Additional $29,660/Household Since Obama Signed Stimulus... Ratings
Downgrades Loom for Cash-Strapped States...
] President accuses Scott Walker, the state's GOP
governor, of unleashing an "assault" on unions in plan to roll back
benefits for public workers.
Bubble Talk: Grantham Warns Of The Paradox Of Profit
Margins Reese ‘ In the second half of his year-end
letter Jeremy Grantham takes a look at
numerous asset bubbles throughout history,
warning investors to ignore bubbles at their own peril. Grantham’s GMO
manages more than $100 billion in assets.“Responding to the ebbs and flows of
major cycles and saving your big bets for the outlying extremes is, in my
opinion, easily the best way for a large pool of money to add value and reduce
risk,” Grantham writes. “In comparison, waiting on the railroad
tracks as the ‘Bubble Express’ comes barreling toward you is a very painful way
to show your disdain for macro concepts and a blind devotion to your central
skill of stock picking. The really major bubbles will wash away big slices
of even the best Graham and Dodd portfolios.” Grantham says that bubbles
form because of a cycle in which investment managers, feeling the career risk in
making bold moves, fall prey to “herding”. It also involves what he calls
“double counting”. Profit margins, he says, are mean-reverting, meaning that at
times when margins are high, investors should be willing to pay less per
dollar of earnings. In reality, what often happens, he says, is that when
margins are high, inflating earnings, investors pay more for each
dollar of earnings.“It is a classic fallacy of composition,” he says. “For an
individual company, having an exceptional profit margin deserves a premium P/E
against its competitors. But for the market as a whole, for which profit
margins are beautifully mean reverting, it is exactly the reverse. This
apparent paradox seems to fool the market persistently.”Also necessary for a
bubble to form: a generous money supply, Grantham adds.Grantham also shows
how bubbles — from the South Sea Stock Bubble of the early 1700s to the
recent U.S. housing bubble — always go back to their original trend that was in
place before the bubble formed.’
Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia
effect; far less than democratic and far more deadly in the mideast among other
places; talk about hypocrites. How does one family claim ownership of all the
oil reserves of a sovereign nation as the saudis; time for the saudis to go the
way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas
canisters bombard sleeping protesters in Manama's Pearl Square. At least two
men are reported killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice
of America
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York
Daily News | Donald Rumsfeld and Dick Cheney were booed on Thursday at
the Conservative Political Action Conference. Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for
US Senate? Is he signaling his bid for US president? Or is he hinting at
something deeper within the US political climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up
by and to shill for a declining, fallen nation in the most corrupt regions of
the country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles Learning
Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia
mob fame with his continuing message for the past several years: buy real
estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts Inside trump Taj Mahal
Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With
Employee Killed – What else would you you expect from a mobster’s casino in
mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3 rd circuit
ct appeals, understands drug money laundering/fraud and handles her own motions
to recuse her and like mobster trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [
trump also said america’s become the laughingstock of the world … true
enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt american
illegal system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush
appointments should be abolished, which corrupt entities are unheard of in
productive societies as China, Japan, etc.. Time to abolish these drags on
society and eliminate their lifetime stipends and costly bureaucracies. Rules
of law mean nothing to these typically corrupt americans. Most, including sam
alito of the u.s. supreme court, concerning drug money laundering and
obstruction of justice in the 3rd circuit ( also maryanne trump
barry who covered-up drug money laundering through her brother’s casinos in a
civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the
money, personal money, big, cash, untraceable money. The fog of war is great
for such things (360 tons $100 bills flown into Iraq and missing, etc.). [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
WeAreChange Confronts Dick Cheney on 9/11 Standdown Order
Aaron Dykes | Activist group confronts former vice
president Dick Cheney about inconsistencies in 9/11 testimony and actions in
PEOC bunker. ‘Infowars.com February 15,
2010The testimony of Norman
Mineta before the 9/11 Commission leaves compelling questions about former
Vice President Dick Cheney’s actions on the day of 9/11. Then Transportation
Secretary Mineta witnessed Cheney refuse to contradict an apparent standdown
order as an aide warned of something incoming at the Pentagon. Cheney has given
conflicting
reports about what time he entered the PEOC bunker. Mineta later
confirmed his suppressed 9/11 Commission testimony and refuted Cheney’s
account of arriving later.During the CPAC conference, WeAreChange.org confronted Cheney about
these questions, which he refused to address.“Hey Mr. Cheney, what did you
do in the underground bunker on 9/11? Dick Cheney we know what you did on 9/11
with the standdown order. Norman Mineta testified against you on the 9/11
Commission report. What happened on 9/11?” When he was being forced out,
WeAreChange.org founder Luke Rudkowski calmly asked security not to push him;
security backed off after asking him, ‘Are you being polite?’Luke Rudkowski and James Lane of We Are Change confront Dick Cheney in
Washington D.C. at CPAC 2/10/2011.
(Click each document for a larger image ) admittedly
elevated terror alerts throughout the Bush administration to stoke the fear
card and score political dominion alone is reason to justify this label. The
implications of what really happened on 9/11, and in relation to Cheney’s
apparent standdown order, is even more compelling. Notably, a change in the
standard operating procedure for the chain of command during the event of a
hijacked aircraft was changed in June 2001, including subjecting NORAD’s
response to DoD approval (SEE BELOW).Ron
Paul won the presidential straw poll and Dick Cheney was heckled
and called a “war-monger” during a pep rally where Donald Rumsfeld was
given the “Defender of the Constitution Award.”
From Norman
Mineta’s testimony :
“During the time that the airplane was coming into the Pentagon, there
was a young man who would come in and say to the Vice President…the plane is 50
miles out…the plane is 30 miles out….and when it got down to the plane is 10
miles out, the young man also said to the vice president “do the orders still
stand?” And the Vice President turned and whipped his neck around and said “Of
course the orders still stand, have you heard anything to the contrary!?’
Drudgereport:
DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... 'Day
of Rage' Hits Wisconsin over state unions... Madison
schools closed; 1,100 teachers call in 'sick'... Obama:
'Assault on Unions'... Obama-founded
OFA spearheading effort to defeat bill... Boehner:
'Suspend these tactics'... DEMS
FLEE STATE HOUSE SENATE
DEMOCRATS FOUND -- AT A RESORT IN ILLINOIS! Gov.
Walker calls on Dems to return, vote... Protesters,
supporters clash in Ohio over union bill... Activists
swarm Boehner's Capitol Hill home; Chant 'don't tread on DC'.. Carney:
Stimulus 'Goals Have Been Met'... GALLUP:
Unemployment hits 10%...
Fed
upgrades economic outlook (Washington Post) [ Wow! Like the ‘no-recession /
great recession / depression’ , what do expect these incompetent, and complicit
wall street favored frauds to say. This is truly an existential moment of
desperation for them and as before, they are disposed to anything that buys
them time … I say: they’re out of time!
47
Statistics That Indicate That Economic Stress Points In 2011 Could Be Setting
The Stage For A Global Economic Meltdown In 2012 Is the world approaching a
devastating global economic meltdown? Right now there are a large number of
factors that are creating economic stress points all over the globe.‘The
American Dream Feb 16, 2011 Is the world approaching a devastating global
economic meltdown? Right now there are a large number of factors that are
creating economic stress points all over the globe. All of the crazy
money printing that the Federal Reserve and other central banks have been doing
is putting inflationary pressure on agricultural commodities, oil and precious
metals. Massive floods, horrific droughts and extreme weather patterns
all over the globe are ruining crops and creating food shortages. Some
nations are now actually hoarding food, and in other nations rising prices have
sparked food riots. The price of oil has been moving back towards $100 a
barrel, and if it stays at a high level for an extended period of time that is
going to have very serious consequences for the global economy. In
addition, the growing sovereign debt crisis could erupt again at any
time. Half a dozen nations in Europe are on the verge of insolvency,
Japan’s national debt is now well over 200 percent of GDP, and the global
financial system is growing increasingly concerned about the exploding national
debt of the United States. The truth is that the entire world financial
system is a house of cards balanced on a razor’s edge and it could come down at
any time.Sadly, very
little has changed since the world financial system experienced almost a
complete meltdown back in 2008. Global financial markets are still a whirlpool
of debt and speculation. One really bad week could put us right back
where we were prior to the infamous Wall Street bailouts. Very little in
our world is truly stable anymore. As we have seen recently in Egypt, the
globe can literally change almost overnight. All it would take is for one
really bad event to happen and world financial markets would instantly start
imploding.
So when will
the coming economic collapse happen? Nobody knows for sure, but the fact
that the global economy is increasingly becoming less stable as we approach the
year 2012 is making a lot of people very nervous.
The following
are 47 statistics that indicate that economic stress points in 2011 could be
setting the stage for a global economic meltdown in 2012….
#1 According to the United Nations, global food
prices set a new all-time record
during the month of January.
#2 In early February the worst freeze in 60
years wiped out entire crops all across the southwestern U.S. and northern
Mexico. Already, it has been reported that some U.S. supermarkets have
doubled or even tripled prices for certain produce items.
#3 It is being reported that due to the recent horrible
freeze in Mexico cases of tomatoes that would usually cost shop owners between
12 and 15 dollars are now going for up to $40 .
#4 One of China’s key agricultural provinces is facing
its worst drought in 200 years .
#5 The Food and Agriculture Organization says that up to
two-thirds of China’s wheat crop could be at risk of failing due to weather
conditions.
#6 Officials in Mexico are estimating that four million
tons of corn have been lost because of the recent freeze. That represents
a full 16 percent of Mexico’s annual corn
harvest.
#7 The price of corn has doubled over the last six months
and it recently hit a new all-time high .
#8 The U.S. Department of Agriculture has announced
that corn supplies are the tightest that they have been in 15 years .
#9 It appears that Chinese imports of corn will
be about 9 times larger than the
U.S. Department of Agriculture originally projected them to be for 2011.
#10 The price of wheat has more than doubled over
the past year and it hit a 30-month high on Monday.
#11 In the event of a global catastrophe, current global
stockpiles of wheat would only be able to feed the world for 82 days .
#12 According to Forbes , the price
of soybeans is up about 50% since last June.
#13 The price of cotton has more than doubled over
the past year.
#14 The commodity price of orange juice has doubled since 2009.
#15 The price of sugar is the highest it has been in 30 years .
#16 The United Nations is projecting that the global
price of food will increase by
another 30 percent by the end of 2011.
#17 In the U.K., the official rate of inflation is now twice as high as the
target rate of inflation.
#18 Inflation in China is starting to get out of
control. For example, food prices in China rose 10.3 percent during the month
of January.
#19 Almost 14 percent of all credit
card accounts in the United States are currently 90 days or more delinquent.
#20 New home sales in the state of California were
at the lowest level ever
recorded in the month of January.
#21 According to the U.S. Bureau of Labor Statistics,
the number of job openings in the United States declined for a second straight month
during December.
#22 Average household debt in the United States has now
reached a level of 136% of average household income.
#23 It is estimated that there are about 5 million
homeowners in the United States that are at least two months
behind on their mortgages, and it is being projected that over a million
American families will be booted out of their homes this year alone.
#24 Today, 46% of all Americans carry a
credit card balance from month to month.
#25 700,000 Americans have signed up for a credit card
that has interest rates that go as high as 59.9% .
#26 Americans now owe more than $889 billion on student loans, which
is even more than they owe on credit cards.
#27 The FDIC is “insuring” U.S. bank deposits that total
5.4 trillion dollars with a deposit insurance fund that is currently sitting at
approximately negative 8 billion dollars .
#28 The Social Security trust fund will run a deficit
of 56 billion dollars this
year. Just a couple of years ago government planners were promising that
we would not have any Social Security deficits until at least 2016 or 2017.
#29 When you adjust wages for inflation, middle class
workers in the United States make less money today than they did back in 1971 .
#30 4.2 million Americans have
been unemployed for one year or longer at this point.
#31 The number of Americans that have become so
discouraged that they have given up searching for work completely now
stands at an all-time high .
#32 According to a recent Gallup poll, 35 percent of Americans
believe that unemployment is currently the most important problem in the United
States. Another 29 percent believe that the economy is currently our
biggest problem.
#33 Gallup also says that 19.6 percent of the workforce in
America is currently either unemployed or underemployed.
#34 The U.S. government says that 504,000 Americans “dropped out of
the labor force” in January.
#35 The Obama administration is projecting that the
federal budget deficit will be 1.65 trillion dollars for
fiscal 2011.
#36 It is estimated that the total U.S. national
debt will be greater
than 100 percent of GDP by the end of this fiscal year.
#37 The U.S. government relies on foreign nations such
as China and Japan to finance 40 percent of all new government debt.
#38 State and local government debt is now sitting at an
all-time high of 22 percent of U.S. GDP.
#39 The Chinese are now hoarding gold like there is no
tomorrow. In fact, Chinese demand for gold has now risen to
approximately 25% of total global production .
#40 According to
a recent report from the World Economic Forum , the world is going to need
another $100 trillion in credit to support projected “economic growth” over the
next decade.
#41 According to the U.S. Conference of Mayors, visits
to soup kitchens are up 24 percent over the past
year.
#42 One out of every seven
Americans is now on food stamps.
#43 One out of every six elderly
Americans now lives below the federal poverty line.
#44 During the last school year, almost half of all school children in
the state of Illinois came from families that were considered to be
“low-income”.
#45 According to a survey released very close to the end
of 2010, 55 percent of all Americans are now
living paycheck to paycheck. A major economic downturn could quickly wipe
out millions of families.
#46 Gasoline prices in the United States are now the
highest that they have ever been
in the middle of February.
#47 Faith in our economic system continues to
decline. According to one new report, only 26 percent of
Americans now trust the U.S. financial system.’
] Policymakers think the recovery is on
"firmer footing." But they also expect high unemployment to persist
at least through the end of 2013. Panetta
outlines plan for bin Laden (Washington Post) [ Yeah, and if panetta’s
grandmother had wheels she’d be a trolley car. I mean, how much more irrelevant
can the cia become, beyond their drug deals, arms deals, among other
self-interested / self-perpetuating ops / commotions / promotions. In case they
haven’t looked recently, pervasively corrupt america is defacto bankrupt; and
in large part owing to their flawed, self-perpetuating strategies (oh, how they
loved and miss the cold war). Who cares (about Osama bin Laden or his deputy
Ayman al-Zawahiri). Indeed, one way or another, it makes no difference.
Moreover, take a look at the ‘stand-down’ order as discussed infra regarding
‘that pearl harbor event / neo-con wet dream’. They are so pathetic! A parallel
universe? They only wish! ] CIA
Director Leon Panetta told Congress on Wednesday that if Osama bin Laden or his
deputy Ayman al-Zawahiri is captured they will be held by the military and probably
will be sent to Guantanamo Bay. (Reuters)
On
national debt, interest is the monster (Washington
Post) [ No! That’s not correct! This is a two-headed monster and the gargantuan
principal amount the other head. Bondholders will never be paid (paper turned
over for paper till the biggest ponzi scheme in world history comes tumblin’
down. Moreover, assumptions are wildly optimistic and totally unrealistic).
Pervasively corrupt america is defacto bankrupt! That’s reality! Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz …Are you kidding me?
"Here are the numbers...we're broke," Davidowitz declares, noting the
U.S. government goes $5 billion deeper into debt every day and is facing $1
trillion-plus annual deficits for the next decade. "In other words, we're
bankrupt."As with the economy, Davidowitz is unwaveringly consistent Timid
Tuesday: Is it Safe? Davis ‘… This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ ] House
brainstorms for budget trims (Washington Post) [ Brainstorms?
The mere mention of the word brain juxtaposed with the denizens of capital hill
and one can’t help but conjure up images of multiple scarecrows scurrying about
that yellow brick road en route to see the wizard while singing in unison ‘if
they only had a brain’. ]
In
Bahrain, authorities move against protesters Police
use tear gas, clubs and rubber bullets to disperse crowd (Washington Post) [ Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia
effect; far less than democratic and far more deadly in the mideast among other
places; talk about hypocrites. How does one family claim ownership of all the
oil reserves of a sovereign nation as the saudis; time for the saudis to go the
way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas
canisters bombard sleeping protesters in Manama's Pearl Square. At least two
men are reported killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice
of America
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York
Daily News | Donald Rumsfeld and Dick Cheney were booed on Thursday at
the Conservative Political Action Conference. Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for
US Senate? Is he signaling his bid for US president? Or is he hinting at
something deeper within the US political climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up
by and to shill for a declining, fallen nation in the most corrupt regions of
the country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles Learning
Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia
mob fame with his continuing message for the past several years: buy real
estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts Inside trump Taj Mahal
Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With
Employee Killed – What else would you you expect from a mobster’s casino in
mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3 rd circuit
ct appeals, understands drug money laundering/fraud and handles her own motions
to recuse her and like mobster trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [
trump also said america’s become the laughingstock of the world … true
enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug money
laundering and obstruction of justice in the 3rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY HECKLED...
'DRAFTDOGER!' 'WHERE'S BIN LADEN?'
]
] At least two are killed, while those
involved in the protests say others are critically injured. There is no
official word on deaths or injuries.
Congress
begins debate on regulation of financial 'WMDs' (Washington Post) [ Wow! Sounds like a … ‘no-plan’! I mean, what
do regulations, or even laws for that matter, even matter, which is what in
large part matters, concerning what’s the matter with pervasively corrupt,
defacto bankrupt america. Fines and disgorgement through enforcement of the
‘already on the books’ laws for the blatant (and still extant, now marked to
anything as per FASB legislated rule change regarding the toxic assets /
worthless paper that continues to be cashed out by the perps with fed help)
wall street frauds would have by multiples surpassed the budget cuts the
‘government’ is quibbling over as if same would barely put a dent in the unsustainable
debt levels, deficits. How pathetic! ]
A House committee is examining how regulators are writing rules that
could determine the safety, efficiency and cost of derivatives. Obama
careful in crackdown (Washington Post) [ Sounds like a page out of the
former american-installed shah of Iran’s play-book … The important difference
here is the life and death continued struggle of Iran against the Zionist
israeli / american regimes (look at what the latter regimes do, not what they
say) … Indeed, the great american/israeli hope for Iran, the ‘son of shah’ …
pshaw! I have a special affinity for Egypt, a land of great wisdom with the
richest of histories and culture and wisdom of the ages in wisely, at one time,
holding Cats in their highest regard and esteem! ] President Obama cautiously criticized the Iranian government
Tuesday for carrying out a deadly crackdown on street demonstrations, as
hard-line legislators in Tehran called for the execution of several prominent
opposition leaders. (Afp/getty Images)
Americans
climb out of debt, save more (Washington Post) [ There is what is known in
basic economics as the so-called ‘paradox of thrift’ and the negative portends
for the economy the natural concomitant. There is no getting away from that
age-old economic equation Gross Domestic Product is the sum of all spending on
goods and services in a nation's economy in a year. The formula for GDP is: GDP
= C + I + G + (Ex - Im), where “C” equals spending by consumers, “I” equals
investment by businesses, “G” equals government spending and “(Ex - Im)” equals
net exports, that is, the value of exports minus imports. Net exports may be
negative. Of late, the C component has risen to near 71%, fueled by
unsustainable credit. Private investment owing to a structural shift has lagged
for want of real (profitable domestic)
investment opportunities (the wall street computer-programmed high
frequency churn-and-earn is NOT a component here but rather a net negative
coming ultimately ‘out of main street’ and the people’s pockets, and owing to
the lesser propensity to consume of the frauds on wall street, etc.), and we
all know the direction of government spending. Read more: GDP and the Players Three: All Together Now: C + I + G —
Infoplease.com http://www.infoplease.com/cig/economics/consumption-investment-government.html#ixzz1E79N4H4B . That said, this (saving) is still good
for americans generally since the government has long since all but stopped
concerning themselves with the dire predicament of the vast majority of the
nation and citizens. ] The
recession that just rocked the U.S. economy happened in part because Americans
were borrowing and spending more than they could afford. Now, three years after
the downturn began, families are moving faster than many analysts had expected
to put their finances in order by paying down debt and boosting their savings.
Jump
in global food prices pushes millions into poverty (Washington Post) [
There’s no mystery here … the inevitable consequence of the world’s adoption of
america’s funny-money new age alchemy of spinning paper into fools’ gold …
Indeed, the prognostications have been hot and heavy, from hyperinflationary
depression to … as investor Marc Faber noted last year, this funny money
intervention by the Federal Reserve is going to create a final crisis that will
destroy the U.S. financial system. The Fed “will print and print and print
until the final crisis wipes out the whole system,” Faber warned. Now this
fraudulent bubble that the frauds on wall street commission and sell into is
great for the frauds on wall street but bad for everyone else since that value
has to be made up somewhere, by some one … guess (the obvious)… and if you
can’t (guess), you haven’t been paying attention! ] Data released by the IMF show the cost of grain and other
staples is near its historic high. So
be it? Milbank: Boehner
and his party's proposal for budget cuts would reverse the economic recovery.
(Washington Post) [ Come on! Wake up! Think of it this way, in simple terms.
Already bankrupt, you further bankrupt yourself by spending money you don’t
really have which gives that ‘warm and fuzzy feeling’ (albeit to the next
election) and obfuscates the cold, hard reality. That a structural shift has
occurred in economic / financial terms (that ‘sucking sound’) there is no
question. At some point, if there are glass half-full people in the bunch (I am
not one of them and believe this structural shift is ‘forever’ and defacto
bankrupt america’s decline is irrevocable owing to pervasive corruption, fraud,
criminal complicity, etc.. Kind of like madoff’s ponzi scheme (at some point
they always unravel / can’t cover and in the current news madoff the fraud said
the banks knew and you can take that to the bank since madoff said it) … But
isn’t it also true that we all know and that america’s jig is up! Should the
hole continue to be dug so irretrievably deep that digging the way out is
absolutely impossible ( I and others already believe that point’s been
surpassed, and these cuts so small as to be almost insignificant … Davis ‘… This
is how we pay off our current debts and I think bondholders are simply happy to
get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ) Obama
proposes $3.7 trillion budget (Washington Post) [ What the heck! It’s only
‘helicopter ben’ monopoly money anyway; that paper stuff (Globalists
Push SDRs as World Reserve Currency As investor Marc Faber noted last year,
this funny money intervention by the Federal Reserve is going to create a final
crisis that will destroy the U.S. financial system. The Fed “will print and
print and print until the final crisis wipes out the whole system,” Faber
warned. IMF calls for dollar
alternative The International Monetary Fund issued a report Thursday on a
possible replacement for the dollar as the world’s reserve currency. Budget
makes deep cuts, cautious trades (Washington Post) [ I still have great
difficulty wrapping my mind around the cut in the (relatively minuscule)
heating oil program for the poor (after all, that’s potentially lethal to such
disenfranchised groups) … Drudgereport: White House to Slash Heating
Program for Poor…but still no pros of massive frauds on wall street which fines
and disgorgement of would yield huge amounts to cover spending... Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron Task is the host of Tech
Ticker. You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? ] ] Fed chairman offers dire
warnings about the damage Congress could wreak if it refrains from raising the
government's debt limit this spring. ]
The $3.7 trillion plan proposes to trim or terminate more than 200 federal
programs to make room for increases aimed at boosting the economy. Speaking of Monopoly / atlantic city,
n.j., maryanne trump barry and sam alito, et als have done all right for themselves as the corrupt judiciary
usually does, one way or another. Indeed, judicial retirement funds for these
plushly accoutered lifetime appointees is up 25.9% and the general operating
fund up 6.6% (source, http://www.washingtonpost.com/wp-srv/special/politics/federal-budget-2012/index.html … the trumps are getting it up front and on
the back end, which is typical in a pervasivly corrupt system as defacto
bankrupt america … abolish the courts .
Connecticut,
California join probe of Ally (Washington Post) [ I’d be much more impressed if they initiated a probe of more
readily discernible criminal offenses in violation of the RICO Act (Other newark / new jersey and new york, n.y. metro, viz., ie.,
connecticut, and of course, d.c., d.c. metro, viz., ie., virginia experience …
corrupt federal judges as maryanne trump barry, sam alito, shiff, matz
(california), hall, underhill, dorsey, etc.. Defacto bankrupt america’s
so-called system is pervasively corrupt and broken (AP) Abolish the corrupt, costly, economically
wasteful lifetime extravagantly appointed federal courts - see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ] http://albertpeia.com Frauds/Liars
(sic-lawyers)Covering Up for Other Frauds/Liars (sic-lawyers). In Productive
Societies as China, Japan, etc., Fraudulent Liars (sic-lawyers) and the
Fraudulent u.s. System They're a Part of Are Unheard Of/Non-existent. List of
Files Regarding Filed Attorney Grievance Against Fraud coan et als Or
Here For A Clearer View Of Filed
Grievance Complaint, Response, Exhibits, and Related RICO Filings Note the Committee of
Frauds/Liars (sic-lawyers). Included are DOJ Rep., State Court Rep., State
Atty. General Office Rep., and even a Vegetable Garden yale law prof who
probably never practiced law in his life. How Pathetic! http://albertpeia.com/fbiofficela91310
] Justice:
FBI improperly opened probes
(Washington Post) [
I just hope they’re as zealous (in probing readily discernible crime) with
regard to my RICO matters and the corruption in the (judicial / legal) process
since, in the final analysis, it will have been the corruption within that will
have brought the nation down irrevocably and totally.]
The Undeniable Signs of Inflation
Kaminis ‘January's Import and Export Price
Report showed significant price increases in both imports and exports, and
unfortunately, across both overall measures and those excluding food and fuel.
We posit that the chatter that has overwhelmed the financial airwaves of late,
making an argument we made years ago mind you, is worth listening to once
again. Inflation portends to blindside the market and its caretakers, the group
of merry men who shrug off all evil until it is upon them…
"We
Are Apple" and Five Other Horrifying Corporate Anthems That Will Stun You
Into Submission Minyanville ‘For all the talk these days about being a
"team player," it wouldn't be a wholly terrible idea to take a look
at some corporate anthems that would make even the most cynical employee's
chest swell with pride. Or is that embarrassment?http://www.youtube.com/watch?v=nbJy0O4UFSM&feature=player_embedded
http://www.youtube.com/watch?v=xGbI87tyr_4&feature=player_embedded
http://www.youtube.com/watch?v=-ZG1MKFyh9E&feature=player_embedded
http://www.youtube.com/watch?v=FRTf3UXCpiE&feature=player_embedded
http://www.youtube.com/watch?v=gZ85Abu_TBs&feature=player_embedded
http://www.youtube.com/watch?v=MaIq9o1H1yo&feature=player_embedded
Concerns
over European defense cuts (Washington Post) [ At some point, rationality
must overcome irrationality; if only necessity being the mother of this
new-found invention (rationality). Interestingly, there was a blip on
television news from a NATO rep talking up the technological / military
superiority of NATO relative to Russia (without whose technological prowess
that space station and crew would literally be lost in space). So take that,
literally … and make the cuts (rational). ] European policymakers say the cuts
are necessary given their financial straits, and that training, not sheer
numbers, is what matters in a post-Cold War world.
Budget
makes deep cuts, cautious trades (Washington Post) [ I still have great
difficulty wrapping my mind around the cut in the (relatively minuscule)
heating oil program for the poor (after all, that’s potentially lethal to such
disenfranchised groups) … Drudgereport: White House to Slash Heating
Program for Poor…but still no pros of massive frauds on wall street which fines
and disgorgement of would yield huge amounts to cover spending... Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron Task is the host of Tech
Ticker. You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ ] ] Fed chairman offers dire
warnings about the damage Congress could wreak if it refrains from raising the
government's debt limit this spring. ]
The $3.7 trillion plan proposes to trim or terminate more than 200 federal
programs to make room for increases aimed at boosting the economy. Robinson:
Do
conservatives love freedom? (Washington Post) [ Truth be told, I’ve oft referred to myself as conservative. I
also embrace freedom; which, of course, is the antithesis of ‘such
conservatives’ as ie., mobsters as trump et als, Maryanne trump barry, sam
alito, mafia, neo-cons cheney, dumbya bush, rumsfeld, mental cases as john
bolton, trump, dummy palin, limbaugh, hannity, etc., who in their near facist
way always want control; ie., your thoughts, actions, inclinations, etc.. The
left, totalitarian communism, wobamanoids in the dhs, etc., are little
different. I personally am constrained to disassociate myself with the likes of
the foregoing and as discussed infra: Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York
Daily News | Donald Rumsfeld and Dick Cheney were booed on Thursday at
the Conservative Political Action Conference. Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for
US Senate? Is he signaling his bid for US president? Or is he hinting at
something deeper within the US political climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up
by and to shill for a declining, fallen nation in the most corrupt regions of
the country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles Learning
Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia
mob fame with his continuing message for the past several years: buy real
estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts Inside trump Taj Mahal
Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With
Employee Killed – What else would you you expect from a mobster’s casino in
mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3 rd circuit
ct appeals, understands drug money laundering/fraud and handles her own motions
to recuse her and like mobster trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [
trump also said america’s become the laughingstock of the world … true
enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapses. [ When you come right
down to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
Symbolic reductions Gerson: Drudgereport: DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... France
Wants New Global Finance System; End of Dollar Dominance... Fannie,
Freddie bailout: $153 billion and counting... GALLUP:
Unemployment at 10.3%... GADDAFI
TELLS PALESTINIANS: REVOLT AGAINST ISRAEL Gov't
Motors to pay out $189 million in bonuses; some workers to get 50% payoffs.. Deficit
Expected to Jump to $1.65 Trillion... ...'slow
train wreck coming' BUDGET
BLOWOUT: How big is $3.73 trillion? $12,000 from each American... ANALYSIS:
$1.5 trillion
tax hike over 10 years... AIRLINES:
New fees would be $2 billion tax increase on flyers... Sessions:
Obama failed on budget... Long
Spending Fight... Produce
prices to skyrocket with freeze in Mexico, Southwest... Clothing
Prices to Rise 10% Starting in Spring... China
Replaced Japan in 2010 as Number 2 Economy...
Could
the Dow Hit 4,500? [ Short answer: YES! Prechter et als say even far lower
(which I would agree with in real terms, but not in debased dollar terms.) ] Norfolk ‘October 20, 1999: I am at a breakfast briefing run by
a British investment house. Scarfing my bacon bap and croissant, washed down
with the treacly and malodorous coffee that only hotels can provide, I feel
quite the patronised lower-order businessman as I listen to the market
overview.
Bernanke Helps Fuel an Increasingly Expensive Market Roche ‘As the market continues
to grind higher each and every day, it’s useful to gain some perspective on
just how much Bernanke is impacting valuations and generating disequilibrium in
the market. In order to do so we’ll review a number of long-term valuation
indicators.
The first is
Warren Buffett’s self proclaimed favorite valuation tool (see
here for more ). He uses the total market cap of the US stock market
compared to GNP. He has generally maintained that levels below 80% are bullish.
The latest reading of 106% is well below the levels seen at the last two market
peaks, but well above the historical average levels. You will notice that the
permanently high valuations coincide with the Greenspan Put which has now
morphed into the Bernanke Put.
click to
enlarge images [chart]
John Hussman’s
latest piece succinctly
describes the current market environment in which Ben Bernanke continues to
encourage speculation and malinvestment. As we all know by now it is Bernanke’s
goal to keep asset prices “higher than they otherwise would be” in an attempt
to generate a self sustaining economic recovery through asset prices. This is
the insane notion that nominal wealth will lead to real wealth.
In fact, Ben Bernanke
has this quite backwards. Fundamentals drive real wealth – not nominal price
increases. But two bubbles in one decade doesn’t teach this man a lesson.
Hussman elaborates:
Last week, the S&P 500 Index ascended to a
Shiller P/E in excess of 24 (this “cyclically-adjusted P/E” or CAPE represents
the ratio of the S&P 500 to 10-year average earnings, adjusted for
inflation). Prior to the mid-1990′s market bubble, a multiple in excess
of 24 for the CAPE was briefly seen only once, between August and early-October
1929. Of course, we observe richer multiples at the heights of the
late-1990′s bubble, when investors got ahead of themselves in response to
the introduction of transformative technologies such as the internet. After a
market slide of more than 50%, investors again pushed the Shiller multiple
beyond 24 during the housing bubble and cash-out financing free-for-all that
ended in the recent mortgage collapse.
And here we are again. This is not to say that we can
rule out yet higher valuations, but with no transformative technologies driving
the economy, little expansion in capital investment, and ongoing retrenchment
in consumer balance sheets, I can’t help but think that the “virtuous cycle”
rhetoric of Ben Bernanke is an awfully thin gruel by comparison. We should not
deserve to be called “investors” if we fail to recognize that valuations are
richer today than at any point in history, save for the few months before the
1929 crash, and a bubble period that has been rewarded by zero total return for
the S&P 500 since 2000. Indeed, the stock market has lagged the return on
low-yielding Treasury bills since August 1998. I am not sure that even members
of my own profession have learned anything from this.
[chart]
Using his expected returns methodology Mr. Hussman is
looking for annual returns of just 3.15% in the coming decade:
[chart]
Dshort brings
us the Q Ratio which has now hit “nosebleed” territory again. This is
consistent with the other metrics which all showed relatively stable ranges
until the Fed began its unusual policy of propping up markets following the 87
crash. The latest reading of 1.17 is well below the Nasdaq bubble peak, but is
higher than any other historical peak. “Nosebleed” could be an understatement.
[chart]
As
I mentioned in December , we have to ask ourselves if any of this matters as
long as the Fed is directly involved in promoting speculation. It’s now clear
that the Bernanke Put is well ingrained in every investor’s head. Never has the
Federal Reserve been so explicit about propping up asset prices and it has
created a speculative frenzy that has every investor trying to front-run the
Fed.
The problem for the Fed will be letting their foot
off the gas. They have created a beast that they likely no longer control. When
and if the Fed ever ends QE it is likely that markets will begin to revert to
the mean. This will likely force the Fed’s hand to stabilize markets. So what
we’ve created with this explicit backstop is a positive feedback loop. Can the
Fed ever get out of the market now? And if they don’t it’s likely that markets
will spiral higher until they cannot control the inevitable collapse.
The foolishness of current Fed policy cannot be
downplayed. Let’s hope for the sake of US citizens that they are as quick to
take credit for the inevitable market decline as they have been about taking
credit for the rally. For once they admit to having contributed to
malinvestment and misallocation of resources we can likely begin mounting a
case that closes this horrible chapter in American history where the Central
Bank attempted to turn our economy into a financialized ponzi scheme.’
Tea Party
declares war on military spending Guardian | Dispute
between the Republican party establishment and the Tea Party movement boiled
over into the public arena during this week’s CPAC conference.
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York
Daily News | Donald Rumsfeld and Dick Cheney were booed on Thursday at
the Conservative Political Action Conference. Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for
US Senate? Is he signaling his bid for US president? Or is he hinting at
something deeper within the US political climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up
by and to shill for a declining, fallen nation in the most corrupt regions of
the country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles Learning
Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia
mob fame with his continuing message for the past several years: buy real
estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts Inside trump Taj Mahal
Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With
Employee Killed – What else would you you expect from a mobster’s casino in
mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3 rd circuit
ct appeals, understands drug money laundering/fraud and handles her own motions
to recuse her and like mobster trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [
trump also said america’s become the laughingstock of the world … true
enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
Drudgereport:
DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... France
Wants New Global Finance System; End of Dollar Dominance... Fannie,
Freddie bailout: $153 billion and counting... GALLUP:
Unemployment at 10.3%... GADDAFI
TELLS PALESTINIANS: REVOLT AGAINST ISRAEL Gov't
Motors to pay out $189 million in bonuses; some workers to get 50% payoffs.. Deficit
Expected to Jump to $1.65 Trillion... ...'slow
train wreck coming' BUDGET
BLOWOUT: How big is $3.73 trillion? $12,000 from each American... ANALYSIS:
$1.5 trillion
tax hike over 10 years... AIRLINES:
New fees would be $2 billion tax increase on flyers... Sessions:
Obama failed on budget... Long
Spending Fight... Produce
prices to skyrocket with freeze in Mexico, Southwest... Clothing
Prices to Rise 10% Starting in Spring... China
Replaced Japan in 2010 as Number 2 Economy... China
plans Colombian rail link to challenge Panama canal... The
March On Berlusconi...
Malware
'Aimed at Iran Hit Five Sites'...
Mubarak
'falls into coma after final speech'... Egyptian
military orders last protesters out of 'Liberation Square'... Consolidates
power... Delivers
ultimatum...
Stocks
gain as Mubarak resigns (Washington Post) [ Come on! Don’t be ridiculous! Stocks gain regardless of the
‘event resignation’ as pointed out by Dave, immediately infra. The ‘miracle’ of
computer-programmed high-frequency trading fraud with fed / congressional
complicity, which will inevitably end quite badly for the vast majority at
whose expense the gains for the relative few are made. One-Way Market Action: Dave's Daily ‘"To
the moon"(Alice) might be a better description of this nonstop bullish
action. All week markets were worrying about Egypt. When things were bad there,
markets rallied. When things seemed better, markets rallied. When Cisco and
Credit Suisse posted lousy reports, markets rallied. When China raised interest
rates, markets rallied. Every dip has been bought and every dip has been
buying. All this was taking place while many emerging markets were breaking
down creating some divergence from previously high inter-market correlations.
Things are going so well most reliable technical indicators are getting
steamrolled by what those few trading must believe is a rosy future. Market
rallies have been steady but not spectacularly higher with daily .50% type
moves. But, those add up. Does all this frustrate us? Partially, since active portfolios ETFs ] The relief
over the embattled leader's departure extends well beyond Tahrir Square. Ahmadinejad speaks on Egypt GOP's
plan for spending cuts sets Capitol Hill showdown (Washington Post) [
Showdown? How ‘bout hoedown! I mean, give me a break … who’s kidding whom … but
the ‘show’ part fits! Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘ Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions unwaveringly consistent ] Some Republicans express concerns about the steep cuts, but
some cheer the trims as an important political objective -- meeting a campaign
pledge they made last fall to grass-roots activists.
T_rump: Ron Paul Has “Zero Chance” Of Beating Obama Paul
Joseph Watson | { Drudgereport: TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the
laughingstock of the world … true enough … and trump the biggest joke … Indeed,
that trump even posits the possibility of a run when he should be in jail is a
testament to just how big a laughingstock pervasively corrupt, defacto bankrupt
america’s become! [ If he was mobster
in chief, mobster and scoundrel trump wraps himself in populist american flag
and offers up an (too little too late – typical lightweight) implausible
solution to keep ‘the juice’ flowing though he’d already be in jail in a
rational, non-declining nation with meaningful laws. All China has to do is
dump (and not prospectively buy) their ever more and declining in value
day-by-day (from dollar debasement policies) u.s. paper / bonds and overnight
the u.s. economy consequently thereby
collapses. [ When you come right down to it, this has been america’s most
significant export. Indeed, this irrevocable structural shift, hailed by cia
men hw bush and clinton (clinton couldn’t have survived with them) by way of
NAFTA as the greatest thing since
sliced bread was indeed in no uncertain terms condemned and warned against by
Perot, a man of honor who, unlike his opponents, could not be bought, which is
the reason, in pervasively corrupt america, he could never have been elected.
Interestingly, you may have noticed the good (but not great, other than the spotlight
on pervasive bribery including judges, police, politicians, etc., being far too
light) the film ‘The Untouchables’ getting a wide re-airing of late, purporting
to be a significant part of american folklore / history / culture. However, the
reality is that in america, and certainly today, the real story with impact is
that of ‘The Touchables’. The reality is that Elliot Ness died a broken man;
bankrupt, unable to even win election to the mayoralty of his then current
hometown. He was incorruptible; and hence, in the real america, unelectable at
the least if not also all but unemployable (he and his are among those few
genetic anomalies in america as I’ve previously alluded to. How far america has
fallen from even false perception! Pervasively corrupt, meaningfully lawless
america can’t even fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug money
laundering and obstruction of justice in the 3rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' }
In reality, the Texas Congressman has a
better chance than Republican darling Sarah Palin.
Drudgereport:
IMF
CALLS FOR ALTERNATIVE TO $$ AS WORLD'S RESERVE MILITARY
TAKES COMMAND 'Egypt
is Free,' crowds chant... WIRE:
Military coup was behind Mubarak's exit... Military
calls for normal business activity to resume... DAY
18: Mubarak and family flee Cairo for Sharm el-Sheikh... Swiss
freeze assets... Obama
learns of resignation watching TV... Crisis
Puts White House in Disarray... Director
of National Intelligence: Muslim Brotherhood 'Largely Secular,' 'Has Eschewed
Violence'... 'Weakness'
in USA... Ahmadinejad:
Egyptian protests herald new Mideast... AL-JAZEERA
LIVE FEED... FRANCE 24 LIVE FEED... Mubarak Hangs Tough... VP
Urges Protestors to Ignore Media, and Go Home... AL-JAZEERA
LIVE FEED... CIA
Panetta Confused: Said Strong likelihood Mubarak would 'step down tonight'... March
to palace being organized... REUTERS
LIVE... ElBaradei
warns Egypt will 'explode'.... Egypt's
govt on the brink.. FLASH
CRASH: APPLE stock loses $10 billion in four minutes... Jobs'
Health Rumor? Global
Stock Exchanges Headed for Major Consolidation... Kyl
becomes fifth senator to step aside... Fed
Governor Resigns; Bernanke Adviser Questioned Stimulus... NBC:
Intelligence officials 'scrambling to try to determine exactly what this all
means'... TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President trump also said america’s become the
laughingstock of the world … true enough … and trump the biggest joke … Indeed,
that trump even posits the possibility of a run when he should be in jail is a
testament to just how big a laughingstock pervasively corrupt, defacto bankrupt
america’s become! [ If he was mobster
in chief, mobster and scoundrel trump wraps himself in populist american flag
and offers up an (too little too late – typical lightweight) implausible
solution to keep ‘the juice’ flowing though he’d already be in jail in a
rational, non-declining nation with meaningful laws. All China has to do is
dump (and not prospectively buy) their ever more and declining in value
day-by-day (from dollar debasement policies) u.s. paper / bonds and overnight
and the u.s. economy consequently
thereby collapse. [ When you come right down to it, this has been
america’s most significant export. Indeed, this irrevocable structural shift,
hailed by cia men hw bush and clinton (clinton couldn’t have survived with
them) by way of NAFTA as the greatest
thing since sliced bread was indeed in no uncertain terms condemned and
warned against by Perot, a man of honor who, unlike his opponents, could not be
bought, which is the reason, in pervasively corrupt america, he could never
have been elected. Interestingly, you may have noticed the good (but not great,
other than the spotlight on pervasive bribery including judges, police,
politicians, etc., being far too light) the film ‘The Untouchables’ getting a
wide re-airing of late, purporting to be a significant part of american
folklore / history / culture. However, the reality is that in america, and
certainly today, the real story with impact is that of ‘The Touchables’. The
reality is that Elliot Ness died a broken man; bankrupt, unable to even win
election to the mayoralty of his then current hometown. He was incorruptible;
and hence, in the real america, unelectable at the least if not also all but
unemployable (he and his are among those few genetic anomalies in america as
I’ve previously alluded to. How far america has fallen from even false
perception! Pervasively corrupt, meaningfully lawless america can’t even fake
it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly bureaucracies.
Rules of law mean nothing to these typically corrupt americans. Most, including
sam alito of the u.s. supreme court, concerning drug money laundering and
obstruction of justice in the 3rd circuit ( also maryanne trump
barry who covered-up drug money laundering through her brother’s casinos in a
civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the
money, personal money, big, cash, untraceable money. The fog of war is great
for such things (360 tons $100 bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?'
Kevin
Warsh to leave Federal Reserve Board (Washington Post) [ How ‘bout gettin’ them all to leave … now
that would sound like a … sound plan! Is
Ben Bernanke A Liar, A Lunatic Or Is He Just Completely And Totally
Incompetent? Infowars.com Did you
see Ben Bernanke’s testimony before the House Budget Committee on Wednesday? It
was quite a show. Bernanke seems to believe that if he just keeps on repeating
the same mantras over and over that somehow they will become true. ] The departure leaves the governing board
almost entirely in the hands of Obama appointees. Mubarak's
defiance puts U.S. on the defensive (Washington
Post) [ Kissinger
on Egypt unrest (2-01-11) – “This is only the first scene of the first act of a
drama that is to be played out” - And what scene of what act are we in now
sweet hank, pray tell. Indeed, after kissinger’s ingratiating comments of the
wobama administration’s ‘proper’ handling of the crisis thus far (drummin’ up
potential new ‘business’ for doin’ who knows what if anything at all) … his
‘consulting business’ must be … off … considerably! ] House
Republicans divided on spending cuts (Washington Post) [ Holy smokes! …
$100 billion … Davis ‘… This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS
HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] ] ] An already wobbly week for House Republicans turns chaotic as
their unruly new majority flatly rejects a spending plan crafted by House
leaders, saying its cuts fell far short of fulfilling a campaign pledge to
slice $100 billion from federal programs. Mubarak's
iron rule Robinson: Crumbling but not gently (Washington
Post) [ True enough … that crumbling but not gently thing … sounds very
‘americana’ … Spreading
unrest raises pressure on Mubarak (Washington Post) An array of new
developments turned against President Hosni Mubarak on Wednesday as Egypt moved
closer to a full rupture between its autocratic government and a growing
popular rebellion. [ Do not talk about
ruptures in the presence of Pharhosni Mubarak he chides the Washington Post!
After all, at 82 years old and 30 years in power, hernias are known to quite
easily happen… Previous: Free
elections still distant prospect for Egypt Activists
express doubts about feasibility of September ballot (Washington Post) ["I'm shocked by what
the Americans say - that Mubarak must stay as president so we can prepare for
new elections,'' said Negad El Borai, a human rights advocate and lawyer in
Cairo. "Mubarak must leave, and then we can talk." … Truth be told,
I’m not shocked. Indeed, though this is only marginally what america / israel
wanted, this will stick to america / israel like glue; that proverbial
albatross; that lose, lose scenario for america in the region. Previous: Egypt protests continue as Mubarak's
government offers concessions mubarak’s delusions. After all, here’s an 82 year old tyrant, in
power for 30 years, yet in some parallel universe appears to think he’s calling
the shots. Other than literal and quite foolish shots against protesters, even
journalists, see infra, there are few indeed that would trust his mindset, such
as it is, much less his judgment, so flawed as he has now shown it to be. What
is obvious is that this long overdue ‘people’s election’ cannot be thwarted by
platitudes and small talk, but resisting the inevitable will turn an american
quasi-ally into an anti-american breeding ground because there’s just no
reconciling a pro-mubarak, however slight, position with american / israeli, et
als war crimes in the region. Restless
Cairo protesters hoping for U.S. support ‘muck-ups’ who can’t handle their
own substantial problems much less those of other nations; and in fact,
invariably exacerbate existing conditions / problems, particularly when
pandering to israel’s self-interested concerns. ] While the ouster of President
Hosni Mubarak remains the most pressing concern for protesters, the role of
U.S. is far from absent in the dialogue. { Previous: Amid Arab protests, U.S. influence has waned Soros: 'The main stumbling
block is Israel'...
….. Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested that Mubarak's
supporters were determined to show, as he had warned, that the country faced a
"choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether it
is plaques ‘on the brain’ or outright senility, that he is so disengaged from
the events unfolding around him, one may only wonder how he lasted this long.
Nor did his choice of cia standin / shill, new VP Suleiman enhance his now
untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which
puts him and his at the top of my hypocrite list), is that the so-called elite
have orchestrated these events and ‘are in control’. First, there are no elites
in this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to further
their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ] ] Fragile steps to end crisis seen as plans
take shape for a transition process that would allow Mubarak to remain as a
figure head until new elections. ] After decades of repression, democracy
advocates say it could take many months -- if not years -- to lay groundwork
for open and credible elections. ]
Mubarak
cedes some authority but refuses to quit In
latest bid to quell protests, president transfers powers to VP (Washington Post) [Wow! ‘Earlier Thursday,
CIA Director Leon
Panetta told Congress that "there is a strong likelihood that Mubarak
may step down this evening."…’ Talk about being out of the loop and stuck
with ‘foot-in-mouth’ … not that you’d expect more from the CIA … CIA's
dilemma in Egypt (Washington Post)
[ Come on! How does anyone take these ‘muck-ups’ seriously … As a
purported journalist, Mr. Ignatius should know better. What distracts the
agency is self-interest and greed … yes, greed for themselves, theirs, and a
raison d’etre that assures their continued funding (oh how they miss the cold
war, hot ones will have to do) on top of their private so-called ‘black ops’.
They’re wrong or absent without leave (awol) on major events purportedly within
their bailiwick; ie., mideast, israel, ‘wmd’s in Iraq’, 9-11, Egypt, etc.; and,
as well, are fallacious in their policy direction, directives, etc.. I mean,
beyond their nefarious undertakings, they look more and more like Maxwell
Smarts (‘Get Smart’) minus ‘99’ every day. Expanded
Free Trade: Exporting Jobs [ When you come right down to it, this has been
america’s most significant export. Indeed, this irrevocable structural shift,
hailed by cia men hw bush and clinton (clinton couldn’t have survived without
them) by way of NAFTA as the greatest
thing since sliced bread was indeed in no uncertain terms condemned and
warned against by Perot, a man of honor who, unlike his opponents, could not be
bought, which is the reason, in pervasively corrupt america, he could never
have been elected. Interestingly, you may have noticed the good (but not great,
other than the spotlight on pervasive bribery including judges, police,
politicians, etc., being far too light) the film ‘The Untouchables’ getting a
wide re-airing of late, purporting to be a significant part of american
folklore / history / culture. However, the reality is that in america, and
certainly today, the real story with impact is that of ‘The Touchables’. The
reality is that Elliot Ness died a broken man; bankrupt, unable to even win
election to the mayoralty of his then current hometown. He was incorruptible;
and hence, in the real america, unelectable at the least if not also all but
unemployable (he and his are among those few genetic anomalies in america as
I’ve previously alluded to. How far america has fallen from even false
perception! Pervasively corrupt, meaningfully lawless america can’t even fake
it anymore. At CIA, mistakes by officers are often
overlooked http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1). … The following youtube video is well worth the
look and explains how and why the frauds on wall street have gotten away with
their devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ] ] Ignatius: Its fight
against al-Qaeda has distracted the agency. ] Egyptian leader's
defiance stuns and angers hundreds of thousands in Cairo who respond with
chants of "revolution, revolution."
Cisco Slump, Mubarak Saga Keep Lid On Stocks [ But guess what? The fraudulent wall street rally point … ‘news
that Egyptian President Hosni Mubarak would step down’ … never happened! ] ‘Disappointing earnings projections from Cisco and PepsiCo pressured Wall Street Friday
morning , but news that Egyptian President Hosni Mubarak would step down
buoyed markets by midday and the major indexes essentially flat by the closing
bell.The Nasdaq actually ticked positive to gain 1 point to 2,790, despite
Wednesday’s troubling report from Cisco that included a decline in gross
margins along with its better than expected earnings and revenue. (See “Cisco:
Prelude To Profits, Or Layoffs.” )Cisco’s shares slumped 14.2%, but the rest
of the tech sector as fairly resilient. Apple was also in the news, after a sudden plunge in the 1
p.m. hour on little news before recovering to finish with a 1% decline. (See “Did
Someone Have A Fat Finger On Apple Today?” )Egypt jumped back into the
headlines shortly after the open, with speculation that President Hosni Mubarak
would resign. In a speech that began just before the U.S. markets closed,
Mubarak stopped short of confirming his departure, but did say he would
transfer some of his presidential powers to Vice President Omar Suleiman until
a September election.It was a tough day for companies who rang the closing
bells at NYSE and Nasdaq, since all eyes were on Mubarak’s speech that ran past
the end of trading. The S&P 500 added 1 point to 1,322, while the Dow Jones
industrial average broke its eight-day winning streak with an 11-point decline
to 12,229.Aside from Cisco, a weaker-than-anticipated forecast from PepsiCo
also pressured stocks, overshadowing any enthusiasm for the latest snapshot of
the job market. New jobless claims fell to their lowest level since July 2008
last week, according to the Labor Department, dropping to 383,000. The
four-week moving average was down to 415,500.’
Initial
Jobless Claims Drop to 383,000 [ Come on! Who believes anything they say /
report! ]
Minimum
5% Correction Begins Cooper ‘Minyanville Editor's Note: The following is
a free edition of Jeff
Cooper's Daily Market Report …..Is it getting better?Or do you feel the
same?One (U2) - Carl Jung
Cisco Slump, Mubarak Saga Keep Lid On Stocks [ But guess what? The fraudulent wall street rally point … ‘news
that Egyptian President Hosni Mubarak would step down’ … never happened! ] ‘Disappointing earnings projections from Cisco and PepsiCo pressured Wall Street Friday
morning , but news that Egyptian President Hosni Mubarak would step down
buoyed markets by midday and the major indexes essentially flat by the closing
bell.The Nasdaq actually ticked positive to gain 1 point to 2,790, despite
Wednesday’s troubling report from Cisco that included a decline in gross
margins along with its better than expected earnings and revenue. (See “Cisco:
Prelude To Profits, Or Layoffs.” )Cisco’s shares slumped 14.2%, but the rest
of the tech sector as fairly resilient. Apple was also in the news, after a sudden plunge in the 1
p.m. hour on little news before recovering to finish with a 1% decline. (See “Did
Someone Have A Fat Finger On Apple Today?” )Egypt jumped back into the
headlines shortly after the open, with speculation that President Hosni Mubarak
would resign. In a speech that began just before the U.S. markets closed,
Mubarak stopped short of confirming his departure, but did say he would
transfer some of his presidential powers to Vice President Omar Suleiman until
a September election.It was a tough day for companies who rang the closing
bells at NYSE and Nasdaq, since all eyes were on Mubarak’s speech that ran past
the end of trading. The S&P 500 added 1 point to 1,322, while the Dow Jones
industrial average broke its eight-day winning streak with an 11-point decline
to 12,229.Aside from Cisco, a weaker-than-anticipated forecast from PepsiCo
also pressured stocks, overshadowing any enthusiasm for the latest snapshot of
the job market. New jobless claims fell to their lowest level since July 2008
last week, according to the Labor Department, dropping to 383,000. The
four-week moving average was down to 415,500.’
Initial
Jobless Claims Drop to 383,000 [ Come on! Who believes anything they say /
report! ]
Minimum
5% Correction Begins Cooper ‘Minyanville Editor's Note: The following is
a free edition of Jeff
Cooper's Daily Market Report …..Is it getting better?Or do you feel the
same?One (U2) - Carl Jung
Donald
T_rump Would Impose 25% Tax on China Imports if President [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down to it, this has been
america’s most significant export. Indeed, this irrevocable structural shift,
hailed by cia men hw bush and clinton (clinton couldn’t have survived with
them) by way of NAFTA as the greatest
thing since sliced bread was indeed in no uncertain terms condemned and
warned against by Perot, a man of honor who, unlike his opponents, could not be
bought, which is the reason, in pervasively corrupt america, he could never
have been elected. Interestingly, you may have noticed the good (but not great,
other than the spotlight on pervasive bribery including judges, police,
politicians, etc., being far too light) the film ‘The Untouchables’ getting a
wide re-airing of late, purporting to be a significant part of american
folklore / history / culture. However, the reality is that in america, and
certainly today, the real story with impact is that of ‘The Touchables’. The
reality is that Elliot Ness died a broken man; bankrupt, unable to even win
election to the mayoralty of his then current hometown. He was incorruptible;
and hence, in the real america, unelectable at the least if not also all but
unemployable (he and his are among those few genetic anomalies in america as
I’ve previously alluded to. How far america has fallen from even false
perception! Pervasively corrupt, meaningfully lawless america can’t even fake
it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.).
[
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1). … The following youtube video is well worth the
look and explains how and why the frauds on wall street have gotten away with
their devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ] ] “I would
announce, without equivocation, a 25% tax increase on anything purchased from
China.”
Sallai Meridor: Israel's
fear (Washington Post) [ Come on! Wake up! Illegal nuke totin’, war crimes
nation israel’s fears … p l e a s e, spare me the pro-israeli b*** s*** ! What
israel fears is a projection of their own ill-founded motives and actions for
which all norms, rules, laws governing civilized behavior are suspended for
expedience at the least, and blood-thirst that some posit as a remnant of their
historic role as Christ-killers (with roman ‘juice’). Isn’t it time, in these desperate times for america, to put
america’s, not israel’s interests, first.
Who cares what israel fears … In 1948, U.S.
Secretary of Defense James Forrestal, an opponent of the creation of a Jewish
state in Palestine, warned that, even though failure to go along with the
Zionists might cost President Truman the states of New York, Pennsylvania, and
California, it was about time that somebody should pay some consideration to
whether we might not lose the United States….. Mr. Forrestal was absolutely
correct! Isn’t that exactly what’s happened to defacto bankrupt america in
intractable decline. TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND
ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE INTERESTS OF
FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE PROSPERITY FOR THIS WORLD! Israel wary of transition in Egypt, concerned
about regional stability A
resurgent Syria alarms u.s., israel (Washington Post) [ Tell me! What doesn’t alarm these two
paranoid, zionist neo-nazi regimes of oppression, suppression, aggression, and
regression. If they were individuals, they’d undoubtedly be diagnosed as
psychopaths, sociopaths totally ignorant of the rights of others, laws,
civilized behavior as israel pads her illegal nuke arsenals with american
supplied weaponry / support while expecting all other nations to ‘role over and
die’. Bipolar / manic / depressive, the ups and downs are increasingly
difficult for even americans to follow. Obssessive / compulsive thy names are
zionist israel / america. Projection / displacement regarding their own illegal
acts, war crimes, etc.; what they distinguished from what they do …
dissociative identity disorder, dissociative fugue? Yes … the u.s. and israel
are the world’s lunatics, sorely in need of therapy! ] Syria's fresh interference in Lebanon and
its increasingly sophisticated weapons shipments to Hezbollah have alarm
officials and prompt Israel's military to consider striking a Syrian weapons
depot. Spreading
unrest raises pressure on Mubarak (Washington Post) An array of new
developments turned against President Hosni Mubarak on Wednesday as Egypt moved
closer to a full rupture between its autocratic government and a growing
popular rebellion. [ Do not talk about
ruptures in the presence of Pharhosni Mubarak he chides the Washington Post!
After all, at 82 years old and 30 years in power, hernias are known to quite
easily happen… Previous: Free
elections still distant prospect for Egypt Activists
express doubts about feasibility of September ballot (Washington Post) ["I'm shocked by what
the Americans say - that Mubarak must stay as president so we can prepare for
new elections,'' said Negad El Borai, a human rights advocate and lawyer in
Cairo. "Mubarak must leave, and then we can talk." … Truth be told,
I’m not shocked. Indeed, though this is only marginally what america / israel
wanted, this will stick to america / israel like glue; that proverbial
albatross; that lose, lose scenario for america in the region. Previous: Egypt protests continue as Mubarak's
government offers concessions mubarak’s delusions. After all, here’s an 82 year old tyrant, in
power for 30 years, yet in some parallel universe appears to think he’s calling
the shots. Other than literal and quite foolish shots against protesters, even
journalists, see infra, there are few indeed that would trust his mindset, such
as it is, much less his judgment, so flawed as he has now shown it to be. What
is obvious is that this long overdue ‘people’s election’ cannot be thwarted by
platitudes and small talk, but resisting the inevitable will turn an american
quasi-ally into an anti-american breeding ground because there’s just no
reconciling a pro-mubarak, however slight, position with american / israeli, et
als war crimes in the region. Restless
Cairo protesters hoping for U.S. support ‘muck-ups’ who can’t handle their own
substantial problems much less those of other nations; and in fact, invariably
exacerbate existing conditions / problems, particularly when pandering to
israel’s self-interested concerns. ] While the ouster of President Hosni
Mubarak remains the most pressing concern for protesters, the role of U.S. is
far from absent in the dialogue. { Previous:
Amid Arab protests, U.S. influence has waned Soros: 'The main stumbling
block is Israel'... Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested that Mubarak's
supporters were determined to show, as he had warned, that the country faced a
"choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with alex
jones, et als (who by the way, censored me for this very thesis, which puts him
and his at the top of my hypocrite list), is that the so-called elite have
orchestrated these events and ‘are in control’. First, there are no elites in
this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
] Fragile steps to end crisis seen as plans
take shape for a transition process that would allow Mubarak to remain as a
figure head until new elections.
}
]
]
After decades of repression, democracy advocates say it could take many
months -- if not years -- to lay groundwork for open and credible elections.
]
Congress
must raise debt ceiling, Bernanke warns (Washington Post) [ Riiiiight, bunglo ben … this from the same
ben who forecasted ‘no-recession’. The fact is, ‘helicopter ben shalom
bernanke’ hasn’t the slightest idea what he’s doing and is the ‘poster boy’,
epitome of that incompetent ivy league vegetable who’s long on rhetoric and cv
but quite short on real results. The only thing that has been true as per his
stated intentions, is an inflated new wall street bubble to and for the benefit
of the wall street frauds. ‘Have printing press, will travel’ … that soldier of
his and their fortune is a man called ‘Palawallstreet’ aka ben shalom bernanke
… which temporary obfuscation with money that’s not really there in real terms
means that beyond the temporary look good/feel good, disaster straight ahead. Bernanke's Worst Nightmare Is This Man's Boxes: Caroline Baum BusinessWeek Feb. 10
(Bloomberg) -- Ben Bernanke arrived at his office a week ago and came face to
face with his worst nightmare. Staring out at the Federal Reserve chairman from
page C1 of the Feb. 3 edition of the Wall Street Journal was a photo ... The Associated Press Video: Republicans
Grill Bernanke Over Inflation, Debt Paul calls Fed's Bernanke "cocky" in House hearing
Reuters [ Yeah … Come on! … The incompetent
‘no-recession helicopter ben’ has nothing whatsoever to be cocky about; he’s
clueless as to what to do; satisfied to be helping the frauds on wall street;
but in the end, this will end … quite badly! ] Drudgereport: White House to Slash Heating
Program for Poor…but still no pros of massive frauds on wall street which fines
and disgorgement of would yield huge amounts to cover spending... Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron Task is the host of Tech
Ticker. You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ ] ] Fed chairman offers dire
warnings about the damage Congress could wreak if it refrains from raising the
government's debt limit this spring. Rep.
Lee (R-N.Y.) resigns after Craigslist incident (Washington
Post) [ I am truly astounded; and, I say that without even a tinge of
sarcasm. Where is the corpus dilicti here. That he is a fool and somewhat a
dummy, if such is the standard for resignation, then all of capital hill should
be tendering their resignations en masse. After all, aside from the inherent
conflict, and particularly in light of a financial / fiscal / economic disaster
in large part of their own making and compounding by failing to prosecute the
perps and instead accommodate their crimes, ie., FASB rule change, etc., does
not the consistent though undeserved raises they give themselves constitute of
sorts a defalcation of duty, responsibility, and trust. Unlike congress, indeed
all the pervasively corrupt and incompetent branches of u.s. government in
their day-to-day activities / course of business, though tasteless, sleazy,
etc., this so-called incident is without a corpus dilicti. It kind of reminds
me of that scene in ‘Road to Perdition’ when mob kingpin Newman responds (in a somewhat
incredulous, come on, who you kidding way) to former footsoldier Hanks by
reminding him that they’re all murderers (in the room-including Hanks).] Move came after a Web site reported that the
married congressman had e-mailed a shirtless image of himself to a woman he met
online.
CIA's
dilemma in Egypt (Washington Post)
[ Come on! How does anyone take these ‘muck-ups’ seriously … As a
purported journalist, Mr. Ignatius should know better. What distracts the
agency is self-interest and greed … yes, greed for themselves, theirs, and a
raison d’etre that assures their continued funding (oh how they miss the cold
war, hot ones will have to do) on top of their private so-called ‘black ops’.
They’re wrong or absent without leave (awol) on major events purportedly within
their bailiwick; ie., mideast, israel, ‘wmd’s in Iraq’, 9-11, Egypt, etc.; and,
as well, are fallacious in their policy direction, directives, etc.. I mean,
beyond their nefarious undertakings, they look more and more like Maxwell
Smarts (‘Get Smart’) minus ‘99’ every day. Expanded
Free Trade: Exporting Jobs [ When you come right down to it, this has been
america’s most significant export. Indeed, this irrevocable structural shift,
hailed by cia men hw bush and clinton (clinton couldn’t have survived without
them) by way of NAFTA as the greatest
thing since sliced bread was indeed in no uncertain terms condemned and
warned against by Perot, a man of honor who, unlike his opponents, could not be
bought, which is the reason, in pervasively corrupt america, he could never
have been elected. Interestingly, you may have noticed the good (but not great,
other than the spotlight on pervasive bribery including judges, police,
politicians, etc., being far too light) the film ‘The Untouchables’ getting a
wide re-airing of late, purporting to be a significant part of american
folklore / history / culture. However, the reality is that in america, and
certainly today, the real story with impact is that of ‘The Touchables’. The
reality is that Elliot Ness died a broken man; bankrupt, unable to even win
election to the mayoralty of his then current hometown. He was incorruptible;
and hence, in the real america, unelectable at the least if not also all but
unemployable (he and his are among those few genetic anomalies in america as
I’ve previously alluded to. How far america has fallen from even false
perception! Pervasively corrupt, meaningfully lawless america can’t even fake
it anymore. At CIA, mistakes by officers are often
overlooked http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1). … The following youtube video is well worth the
look and explains how and why the frauds on wall street have gotten away with
their devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ] ] Ignatius: Its fight
against al-Qaeda has distracted the agency.
Rumors Cause Some Selling: Dave's Daily [But more than a rumor, it is a market top] ‘A rumor making the
rounds, later denied, was hedge fund kingpin Paul Tudor Jones was calling a
market top. That caused a bout of selling which naturally increased volume from
those weak handed investors. Nevertheless, PTJ's PR people stated:
"Phooey" and that was that. There may also be some nervousness over
current and impending arrests for insider trading. The bigger news is the
divergence of emerging markets from previous "got to own" status to
just the opposite as some $10 billion has come out of linked ETFs and markets
are selling-off. With rumor denials confirmed meant a sharp late day recovery
rally seemed logical as dip buyers are still ever present. The obligatory
"buy program express" hit the tape late to keep losses to a minimum
while the clear market leader DJIA POMO
and late in the day trading NYSE
Is
the Market Headed for a Sell-Off? Zaky [ Yes … I agree, except that fundamentally the longer term
prospects are even worse than his bearish outlook suggests (don’t forget the
debasement of the dollar, manipulation, and spending / printing money the
nation doesn’t have in real terms behind this manipulated uptick) and
summarized as follows: ‘I suspect that this rally is on its very last legs. We
should see a very healthy 10% or so correction within the next 1-2 week period
... This market is headed for a sell-off. ]
2011
Update: Another Lost Decade for Stocks - Are You Prepared? [ I agree that
this is but a (manipulated) bull cycle in a secular bear market with
substantially worse to come! ]Kopas ‘In February 2010, we published an article
on Seeking Alpha entitled “Another Lost Decade for Stocks - Are You Prepared?
Expanded
Free Trade: Exporting Jobs [ When you come right down to it, this has been
america’s most significant export. Indeed, this irrevocable structural shift,
hailed by cia men hw bush and clinton (clinton couldn’t have survived with
them) by way of NAFTA as the greatest
thing since sliced bread was indeed in no uncertain terms condemned and
warned against by Perot, a man of honor who, unlike his opponents, could not be
bought, which is the reason, in pervasively corrupt america, he could never
have been elected. Interestingly, you may have noticed the good (but not great,
other than the spotlight on pervasive bribery including judges, police,
politicians, etc., being far too light) the film ‘The Untouchables’ getting a
wide re-airing of late, purporting to be a significant part of american folklore
/ history / culture. However, the reality is that in america, and certainly
today, the real story with impact is that of ‘The Touchables’. The reality is
that Elliot Ness died a broken man; bankrupt, unable to even win election to
the mayoralty of his then current hometown. He was incorruptible; and hence, in
the real america, unelectable at the least if not also all but unemployable (he
and his are among those few genetic anomalies in america as I’ve previously
alluded to. How far america has fallen from even false perception! Pervasively
corrupt, meaningfully lawless america can’t even fake it anymore. See, for
example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1). … The following youtube video is well worth the
look and explains how and why the frauds on wall street have gotten away with
their devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ] Lounsbury ‘In January
Steven Hansen observed
that, through November, the trade deficit for manufactured goods was the
equivalent of 1.3 million workers earning the median manufacturing wage in the
U.S. Well, the trade deficit has been with us in a major way for nearly two
decades. ..
Drudgereport: Oil
hits $101 again... Paul
Ryan confronts over Fed's purchases of debt... Soaring
debt pushes Portugal towards bailout... House GOP Targets Dozens of Gov't Programs... CUT,
CUT, CUT... White
House to Slash Heating Program for Poor…but still no pros of massive frauds on
wall street which fines and disgorgement of would yield huge amounts to cover
spending... Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron Task is the host of Tech
Ticker. You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ ]UNDERDOG:
CNN POLL: 51% SEE NO SECOND TERM FOR OBAMA... 71%
OF ALL VEGAS HOMEOWNERS UNDER WATER... 'New
normal' in housing bust... STRESS... Job
openings fall for second straight month... HOUSE
VOTES NEXT WEEK TO BLOCK OBAMACARE FUNDS WE'RE
ON 'ROAD TO RUIN'
UPDATE:
Egypt sees largest demos since start of revolt... NEW
WORLD TRADES... Global
Stock Exchanges Headed for Major Consolidation... D
Börse, NYSE in advanced talks... London
takes Canada... Exchange
chiefs seek new global powerhouses...
SAUDIS
TOLD OBAMA 'NOT TO HUMILIATE MUBARAK' Egyptian
capital teeters on anarchy Mubarak
asks cabinet to resign as anti-regime protests intensify In
Egypt: Access denied (Washington Post) [The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP) Mubarak fires Cabinet, defends army’s efforts Sat, 29 Jan 2011 00:20:58 GMT Egyptian
President Hosni Mubarak dismisses his Cabinet, calls on the army to help put
down rising potests... Egypt's Mubarak sends in army,
resists demands to quit (Reuters) ]
Embattled leader's move falls far short of demands that he give up his 30-year
authoritarian rule, leave the country and permit fresh elections. ]
Debt
relief for states proposed (Washington Post) [ I’ve heard of the ‘blind leading the blind’, but the ‘bankrupt
borrowing from the bankrupt’ seems to be a nouveau american phenomenon destined
for ‘clichedom’. Previous: Governors
plan painful cuts amid budget crises (Washington Post) [ This truly is a disaster in the making, with
consequences even more dire than the grim outlook set forth by Meridith
Whitney, if that could even be fathomed. It’s really going to be all that
bad…see infra, The Economic Collapse, ‘#10 The municipal bond crisis could go “supernova” at
any time. Already, investors are bailing out of bonds at a frightening
pace. State and local government debt is now sitting at an all-time high
of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal
bond crisis that we are facing is a gigantic threat to our financial system….
“It has
tentacles as wide as anything I’ve seen. I think next to housing this is the
single most important issue in the United States and certainly the largest
threat to the U.S. economy.”
Former
Los Angeles mayor Richard Riordan is convinced that things are so bad that
literally 90% of our states and cities could go bankrupt over the next five
years…. ‘ ] Governors across the
ideological spectrum are embracing the politics of austerity in a desperate
effort to balance the books. ]
Proposal would ease financial burden on many state governments in the
wake of the recession. At CIA, mistakes by officers are often
overlooked http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1). … The following youtube video is well worth the
look and explains how and why the frauds on wall street have gotten away with
their devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ] Four
charged in 'brazen coverup' of insider trading (Washington Post) [ 'The alleged conspirators "lacked a
mobster's better-honed instinct for conversational discretion," said
Janice K. Fedarcyk, head of the FBI's New York field office.'... Isn't that the
truth; not like the big mobsters at goldman sachs, et als, who were well
connected with plenty of juice and whose hard drives, conversations, etc.,
seemed never to make it to the crosshairs of real scrutiny, though any such
prosecution of even the small fries like these wall street frauds should be
welcomed, but with a sense of bewilderment as to how the aforesaid biggest
frauds have yet to be prosecuted for the largest fraud in the history of this
world with the consequences of their fraud 'now marked to anything' as they
cashed out(that legislated FASB rule change / accommodation /complicity). ]
Hedge fund manager allegedly tells colleague: Go to the office and shred
"as much as you can." Humility
on the Nile Will: Maybe
America's finally realizing the limits of its influence abroad. (Washington
Post) [ I believe the power of Mr. Will’s article is twofold: First, that
humility thing for america and the concomitant limits of american influence
abroad. Like no other time in america’s short-lived history, america has a lot
to be humble about. Afterall, america is defacto bankrupt, pervasively corrupt
across all institutions whether they be governmental / judicial / private, and
literally crime-ridden with crime rates exceeding by large margins those of
other so-called civilized / tier one nations. Moreover, much like america’s
commander(s) in chief, wobama the b (for b*** s*** - and war criminal bush),
words are belied by actions / misdeeds. Indeed, the propping up of corrupt /
criminal / oppressive regimes and the war crimes accompanying destruction and
taking of innocent lives are facts lost on no one in this age like never before
of ubiquitously available information which renders america’s once formidable
propaganda machine now impotent in relative terms.Truth / reality works against
america in every way. Second, and as important is that former global dichotomy
that Mr. Will references; viz., the cold war and communism versus
non-communism. No such simple lines now exist, nor can they be drawn owing to
america’s failure, corruption, and meaningful lawlessness on so many levels and
with such negative consequences. ] Free
elections still distant prospect for Egypt Activists
express doubts about feasibility of September ballot (Washington Post) ["I'm shocked by what
the Americans say - that Mubarak must stay as president so we can prepare for
new elections,'' said Negad El Borai, a human rights advocate and lawyer in
Cairo. "Mubarak must leave, and then we can talk." … Truth be told,
I’m not shocked. Indeed, though this is only marginally what america / israel
wanted, this will stick to america / israel like glue; that proverbial
albatross; that lose, lose scenario for america in the region. Previous: Egypt protests continue as Mubarak's
government offers concessions mubarak’s delusions. After all, here’s an 82 year old tyrant, in
power for 30 years, yet in some parallel universe appears to think he’s calling
the shots. Other than literal and quite foolish shots against protesters, even
journalists, see infra, there are few indeed that would trust his mindset, such
as it is, much less his judgment, so flawed as he has now shown it to be. What
is obvious is that this long overdue ‘people’s election’ cannot be thwarted by
platitudes and small talk, but resisting the inevitable will turn an american
quasi-ally into an anti-american breeding ground because there’s just no
reconciling a pro-mubarak, however slight, position with american / israeli, et
als war crimes in the region. Restless
Cairo protesters hoping for U.S. support ‘muck-ups’ who can’t handle their
own substantial problems much less those of other nations; and in fact,
invariably exacerbate existing conditions / problems, particularly when
pandering to israel’s self-interested concerns. ] While the ouster of President
Hosni Mubarak remains the most pressing concern for protesters, the role of
U.S. is far from absent in the dialogue. { Previous: Amid Arab protests, U.S. influence has waned Soros:
'The main stumbling block is Israel'...
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of it’. ‘…In what the U.S. State Department called
a "concerted campaign to intimidate," several dozen journalists were
rounded up by security forces and detained for hours, along with foreigners
working as teachers, engineers and human rights researchers. Across the city,
angry bands of supporters of President Hosni Mubarak also beat journalists;
several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested that Mubarak's
supporters were determined to show, as he had warned, that the country faced a
"choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he resorted
to media / internet blackout. Indeed, this lack of sign thing is a testament to
how far from reality 30 years has taken him, not to mention the other 52 years
that have taken their toll on his cognitive processes. Whether it is plaques
‘on the brain’ or outright senility, that he is so disengaged from the events
unfolding around him, one may only wonder how he lasted this long. Nor did his
choice of cia standin / shill, new VP Suleiman enhance his now untenable
position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which
puts him and his at the top of my hypocrite list), is that the so-called elite
have orchestrated these events and ‘are in control’. First, there are no elites
in this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america particularly
(with few exceptions as I’ve discussed elsewhere / comments / my website), are
inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
] Fragile steps to end crisis seen as plans
take shape for a transition process that would allow Mubarak to remain as a
figure head until new elections.
}
]
]
After decades of repression, democracy advocates say it could take many
months -- if not years -- to lay groundwork for open and credible elections.
This is that
unmentionable reality as I alluded to earlier on close scrutiny of the data,
‘that stock prices have been manipulated to the upside beyond any and all
rational basis‘ and as I previously wrote: Perception vs. Reality: Four Reasons to Remain Cautious on U.S.
Equities [ Hey, Abbott … That’s Lou
Costello calling him from the other side … Wake up! … Just kidding … but I’m
not kidding when I say that contrary to Abbott’s view, infra, if you’re not a
successful market timer you should rethink your position as an equity investor.
Moreover, in contradistinction to Mr. Abbott’s implication, if you’re not a
successful speculator (there are very few), you should rethink your position as
a short seller: reason…, you could be wiped out, lose more than your principal,
forced to cover (that’s why
the same is considered a contrary market indicator, particularly in these
manipulated, contrived markets). When I did my MBA thesis (1977, NYU, GBA,
Eve.Prog., Finance), a review of the data revealed even then (and much more so
now with computer programmed market manipulation) that the market remained
biased / propped up (artificially, especially now with computerized
manipulation) to the upside for far longer periods of time than for the
downside which meant that dollar-cost averaging (through regular, periodic
investment, for example), meant you were accumulating shares at higher prices
generally for longer periods of time skewing the average cost to the upside
(dollar-cost-averaging in declining markets was ok if analysis / forecast saw
resurgence based on fundamentals - now absent – which is timing, as even senile
wall street / gov’t shill Buffet would attest, that ‘greedy when others are
fearful thing’). Abbott discusses perception which is the psychological factor
involved in security evaluation / analysis; but investors need not and should
become nuts themselves, particularly when as now, the inmates are running the
asylum. ]
QE2
Failure: Investors Flock to Overvalued Stocks Suttmeier ‘The yield on the 30-Year bond rose
to 4.74 on Friday increasing the drag on equity valuations. Both the 10-Year
and 30-Year yields are above their December trading ranges, raising consumer
interest rates such as mortgage rates. Because of this, I say QE2 is a
failure. This is forcing investors to increase allocations to stocks just
when they become less attractive, more overvalued fundamentally and move
overbought technically. Last week, the Dow Industrial Average reached a new
high for the move at 12,092.42. Dow Transports and the Russell 2000 remain
below the highs of mid-January.
·
The
Dow Industrial Average (12,092) begins the week between my monthly value level
at 11,759 and this week’s risky level at 12,142. The weekly chart remains
extremely overbought.
·
The
S&P 500 (1310.9) begins the week my quarterly value level at 1262.5 with
this week’s risky level at 1316.2. The weekly chart remains extremely
overbought.
·
The
NASDAQ (2769) begins the week between my monthly value level at 2611 with a
weekly pivot at 2770 and quarterly risky level at 2853. The weekly chart
remains extremely overbought.
·
Dow
Transports (5056) begins the week between monthly and weekly pivots at 4962 and
5077 and below my annual pivot at 5179, and below the January 18th high at
5256.80. Dow Transports is below its 50-day simple moving average at 5086
and will fall out of overbought territory on its weekly chart this week.
·
The
Russell 2000 (800.11) begins the week above my annual and quarterly value
levels at 784.16 and 765.50 with a weekly pivot at 800.13 with the January 14th
high at 807.89. The weekly chart remains extremely overbought.
·
I
cannot be overly bullish or bearish in the current market environment.
We are trading under another ValuEngine
Valuation Warning - 16 of 16 sectors overvalued and only 34.73% of all stocks
undervalued, below the 35% threshold by this measure.
The US Treasury 10-Year Yield – (3.650)
The trading range set in December has been broken to the upside with my annual
value level at 3.791 and weekly risky level at 3.525.
Comex gold – ($1349.5) Tested my annual
pivot at $1356.5 last week, but could not get a weekly close above that level.
My semiannual value level is $1300.6 with quarterly, weekly and annual pivots
at $1300.6, $1331.3, 1342.8 and monthly, quarterly and semiannual risky levels
are $1412.4, $1441.7 and $1452.6.
Nymex crude oil – ($88.90) Has not been
able to sustain gains above $92 per barrel. I show weekly and monthly pivots at
$91.62 and $91.83 as barriers for this week with my semiannual pivot at $87.52.
The euro – (1.3578) Could not sustain
gains above 1.38 last week. My quarterly value level is 1.3227 with a weekly
pivot at 1.3511 and monthly risky level at 1.4225. The weak euro versus the
dollar on Thursday was offset by perceived positive comments from Fed Chief Ben
Bernanke.
Bernanke Blunders - Fed Chief Bernanke
expects the economy to improve this year with low inflation, despite the jump
in commodity prices. The rise in commodities prices has been a factor for
ten years, and consumers are feeling it at the gas pump, grocery stores and
utilities bills.
The Federal Reserve is more worried
about unemployment, but monetary policy has not helped create jobs on Main
Street USA. Main Street depends upon construction jobs and these jobs are
declining month after month.
Another blunder is the $600 billion
QE2, which is aimed at jump-starting lending and making stock ownership more
attractive. You can not increase lending when consumer rates such as
mortgages are rising, and making stocks a less attractive alternative to US
Treasuries. The main purpose of QE2 is to lower long term US Treasury yields,
but the 10-Year yield is now 133 basis points higher since in October. Sure,
stocks are higher, but buying now puts consumer capital at risk as stocks are
overvalued and overbought. Consumers are buying stocks just as they bought new
homes in 2005 and 2006.
Bank Failure Friday – The FDIC closed
thee more banks last Friday and none were publicly traded.
· 25 banks failed in 2008
· 140 banks failed in 2009 with a peak
of 50 in the third quarter
· 157 banks failed in 2010
· 14 banks have failed year to date in
2011
· 336 banks have failed since the end
of 2007
· I still predict 500 to 800 bank
failures in total by the end of 2012 into 2013.’
Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High [ The
conclusion of the following detailed, documented analysis: ‘Wolinsky :In
conclusion, the market is over-valued based on the above data. Tobin's Q,
Shiller P/E and AAII data are all indicating that investors are too bullish and
valuations are too high.’ ]
Stocks
Remain Poised for Steep Decline McCurdy ‘When the second round of quantitative easing was
announced late last year, Federal Reserve Chairman Bernanke indicated that one
of the primary objectives of the program was to inflate risk assets such as
stocks. In that respect, the program has been an unqualified success, as the
S&P 500 index has now gained more than 26% during the course of 5 months.
However,
as a result, the index P/E ratio has increased to more than 18, and the most
reliable forecasting models based upon current earnings and dividends indicate that expected 10-year annual
returns are now slightly more than 3%, regardless of whether or not the economy
is in fact experiencing a sustained recovery.
Thus,
from a purely investment perspective, stocks are priced to deliver very poor
results during the coming decade. Additionally, the short-term outlook now
favors the development of a potentially violent correction.
On
Friday, the S&P 500 index moved up to another marginal new high for the
rally from September, pushing an overextended advance to yet another extreme.
click
to enlarge images
[chart]
The
current short-term cycle from the end of November is now 46 trading days old,
and it has yet to enter the final decline of the beta phase, suggesting that it
will likely terminate in the 55 to 60 day range. The previous cycle had a
duration of 63 trading days. These are moves of extremely long duration, well
above their historical average of about 39 trading days.
[chart]
Of
course, to truly put the overextended nature of the move in perspective, it
must be viewed in the proper context afforded by the big picture. Below is a
monthly chart of the S&P 500 since the current secular bear market began in
2000.
[chart]
Notice
how the character of market behavior changed materially with the crash in late
2008. Since then, stocks have been moving effectively straight up or straight
down. This type of volatile price action is typical for this stage of the bear
market and indicates that we are still several years away from the terminal
phase of the secular decline.
Returning
to the short-term view, our Cyclical Trend Score (CTS) has been negatively
diverging from price action since October, and the CTS is currently holding
slightly above its December low.
[chart]
Although
the CTS is not a near-term timing indicator, this negative divergence reflects
a gradual deterioration in underlying strength. The developing weakness is also
manifested by broad market internals such as breadth and volume, as both
continue to negatively diverge from price behavior.
[chart]
[chart]
Finally,
our Sentiment Score continues to hold near the lowest level since late 2007,
reflecting irrationally excessive bullishness that leaves the market vulnerable
to an abrupt decline.
[chart]
Of
course, overextended rallies of this type have a tendency to continue making
marginal new highs until, at some point, an unexpected catalyst sets in motion
the inevitable correction, which will likely be fast and furious, wiping out
several weeks of gains in a matter of sessions.
From
a big picture perspective, the character of the next correction should provide
a great deal of clarity with respect to long-term direction. A relatively weak
retracement followed by a return to recent long-term highs would predict a
subsequent breakout and continuation of the cyclical bull market, while a
powerful, sustained downtrend would suggest the development of a long-term
top.’
Is
the Market Headed for a Sell-Off? Zaky [ Yes … I agree, except that fundamentally the longer term
prospects are even worse than his bearish outlook suggests (don’t forget the
debasement of the dollar, manipulation, and spending / printing money the
nation doesn’t have in real terms behind this manipulated uptick) and summarized
as follows: ‘I suspect that this rally is on its very last legs. We should see
a very healthy 10% or so correction within the next 1-2 week period ... This
market is headed for a sell-off. ]
2011
Update: Another Lost Decade for Stocks - Are You Prepared? [ I agree that
this is but a (manipulated) bull cycle in a secular bear market with
substantially worse to come! ]Kopas ‘In February 2010, we published an article
on Seeking Alpha entitled “Another Lost Decade for Stocks - Are You Prepared?
The
first benchmark we monitor is U.S. stock prices adjusted for inflation. In this
chart below, we compare the U.S. stock market to the Shiller 10-year
Price/Earnings ratio. This P/E ratio is an indication of investor confidence; a
lack of that signals extreme valuation levels. Our conclusion is
that investor psychology is still too optimistic and has a long way to go
before reaching an undervalued stock market level.
[chart] click to enlarge
Updating
our duration and valuation benchmarks, again we find progress,
but not yet achieving the truly undervalued levels we expect to see toward the
end of a secular bear market. Based upon previous cycles, it appears we are
only slightly past the half way mark in terms of years, number of recessions,
and valuations. A look at our chart and table comparing this to earlier secular
bear markets illustrates our conclusion. We expect that a major bottom for
inflation adjusted stock prices is still years away before stocks finally
gravitate toward the target area outlined below.
[chart]
New
Benchmark: Tobin Q Ratio
In
this update we introduce another relative valuation benchmark created by Yale
economics professor and Nobel laureate James Tobin, hence the name Tobin’s Q
Ratio. The Q ratio is calculated as the total value of the stock market divided
by the replacement cost of all its companies. Values greater than 1 indicate
stock prices sell above their replacement cost and are therefore “expensive.” A
reading below 1 indicates stocks can be bought below replacement cost and
therefore indicates that it is cheaper to buy a company than to build one.
A
long-term view of the Q ratio gives investors a good understanding of value,
information about current risk levels and a method to assess probable returns
for the long term. Secular bear markets historically bottom when the Q ratio
declines to a bargain level less than .4, meaning stock prices sell for just
40% of replacement value. Today’s reading of 1.03 is above the average reading
of .75 and considerably higher than the average secular low reading of .33. Investors
beware; stocks have considerable more downside potential before the Q ratio
truly reflects a great valuation. Buy and Hold tactics will continue to
frustrate investors, just as they have in the past decade.
[chart]
In
conclusion, none of the benchmarks we evaluate indicate we are anywhere close
to a secular stock market bottom yet. In the meantime, a prudent and profitable investment
strategy should be flexible enough to actively adjust portfolio asset
allocation, depending on where we are in the business cycle and the direction
of the secular trend.’
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. This is particularly evident in
their attempt to cash in on that superstitious scam known as the ‘January effect’
by way of these manipulated bubble-making buy programs; you know, loosen /
soften the suckers up for the coming year’s new fraud / scam. ] The
'January
Effect Market Kumar ‘…January of 1929, for example, was off
to a brisk start as the Dow Jones Industrial Average climbed to 317 from 307.
But investors would be slammed later in the year by a historic stock market
crash that heralded the start of the Great Depression. January of 1987, too,
began nicely. The Dow climbed to 2160 at the end of the month after starting
out at 1927. But Black
Monday would hit investors in October of that year, leading to the sharpest
historical stock market decline in percentage terms. More recently, January
2001 had a strong showing when the Dow Jones finished the month at 10,887 after
starting at 10,646. Those reading it as an auspicious beginning would be hit
first by the further fallout from collapse of the dot-com bubble and then the
massive decline following the September 11 terrorist attacks. See full article from DailyFinance: http://srph.it/cyaPDT ‘… Then, more recently
there’s ‘ The stock market scored a strong gain and locked in its first
positive finish for January since 2007 (we all know what happened after that!
Crash!) with help from the energy sector, which climbed sharply in response to
a spike in oil prices.(Yahoo/Briefing.com) … Higher oil prices … riiiiight! … that
sounds bull(s***)ish … on fraudulent wall street. ]
Egypt
VP favored by Israel to succeed Mubarak, cables show [ Which of course is
the best reason in the world, in addition to suleiman being both mubarak’s and
the cia’s choice, to not allowing that succession to go forward being contrary
to all notions of democracy (the dictator’s choice?). ] Israel has long seen Omar Suleiman, Egypt’s recently appointed
vice president, as the successor to Egyptian President Hosni Mubarak, US State
Department cables released by secrets outlet WikiLeaks show.
Drudgereport: UNDERDOG:
CNN POLL: 51% SEE NO SECOND TERM FOR OBAMA... 71%
OF ALL VEGAS HOMEOWNERS UNDER WATER... 'New
normal' in housing bust... STRESS... Job
openings fall for second straight month... HOUSE
VOTES NEXT WEEK TO BLOCK OBAMACARE FUNDS WE'RE
ON 'ROAD TO RUIN'
UPDATE:
Egypt sees largest demos since start of revolt... New
video shows brutal mob justice... Israel
Army Chief: Prepare for all-out war... Released
GOOGLE exec reveals he was behind FACEBOOK page... Freed
young leader energizes protests... Saboteurs
attack gas pipeline; cuts off flow to Israel, Jordan... CAIRO
DAY 12: Locked in standoff... Mubarak
clings to power as son quits ruling party... Gov't
seeks to ease Mubarak out... Hopes
to ride out protest wave... Anderson
Cooper in 'Undisclosed Location' After Another Attack; Couric, Williams Flee
Egypt... GOOGLE
Exec Who Went Missing In Egypt Now Spokesman For Opposition Group... MOTOROLA
AD MOCKS 'APPLE ZOMBIE SOCIETY'... Mafia
'holds Silvio Berlusconi photos'... SUPER
BOWL MOST-VIEWED TV IN HISTORY... THE
PACK PULLS IT OUT
Governors
plan painful cuts amid budget crises (Washington Post) [ This truly is a disaster in the making, with
consequences even more dire than the grim outlook set forth by Meridith
Whitney, if that could even be fathomed. It’s really going to be all that
bad…see infra, The Economic Collapse, ‘#10 The municipal bond
crisis could go “supernova” at any time. Already, investors are bailing
out of bonds at a frightening pace. State and local government debt is
now sitting at an all-time high of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal
bond crisis that we are facing is a gigantic threat to our financial system….
“It has
tentacles as wide as anything I’ve seen. I think next to housing this is the
single most important issue in the United States and certainly the largest
threat to the U.S. economy.”
Former
Los Angeles mayor Richard Riordan is convinced that things are so bad that
literally 90% of our states and cities could go bankrupt over the next five
years…. ‘ ] Governors across the
ideological spectrum are embracing the politics of austerity in a desperate
effort to balance the books. Egypt protests continue as Mubarak's
government offers concessions (Washington Post) [ Come on!
Let not all of us join america’s / israel’s, et als, and mubarak’s delusions. After all, here’s an 82
year old tyrant, in power for 30 years, yet in some parallel universe appears
to think he’s calling the shots. Other than literal and quite foolish shots
against protesters, even journalists, see infra, there are few indeed that
would trust his mindset, such as it is, much less his judgment, so flawed as he
has now shown it to be. What is obvious is that this long overdue ‘people’s
election’ cannot be thwarted by platitudes and small talk, but resisting the
inevitable will turn an american quasi-ally into an anti-american breeding
ground because there’s just no reconciling a pro-mubarak, however slight,
position with american / israeli, et als war crimes in the region. Restless
Cairo protesters hoping for U.S. support ‘muck-ups’ who can’t handle their
own substantial problems much less those of other nations; and in fact,
invariably exacerbate existing conditions / problems, particularly when
pandering to israel’s self-interested concerns. ] While the ouster of President
Hosni Mubarak remains the most pressing concern for protesters, the role of
U.S. is far from absent in the dialogue. { Previous: Amid Arab protests, U.S. influence has waned Soros:
'The main stumbling block is Israel'...
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested that Mubarak's
supporters were determined to show, as he had warned, that the country faced a
"choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which
puts him and his at the top of my hypocrite list), is that the so-called elite
have orchestrated these events and ‘are in control’. First, there are no elites
in this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
] Fragile steps to end crisis seen as plans
take shape for a transition process that would allow Mubarak to remain as a
figure head until new elections.
} ]
Obama
prods U.S. firms to help economy (Washington Post) [ Sounds like a plan! Riiiiight!
Unfortunately wobama, unlike capital hill, and with bean-counters /
number-crunchers / financial analysts paid to look beyond your next election
cycle, there are few if any rational investment projects that comport with your
politicking goals, particularly in light of your perpetual wars and the defacto
bankruptcy of the nation … The
Gipper's true heirs (Washington Post) [ ‘Wobama the b’ (for b*** s***),
quite remarkably, seems to imply he is one. Yet, his ‘ask what you can do for
your country’ entreaty to the ‘corporate execs’ (wake up wobama, they’ve
already done it, shifting production / jobs irrevocably overseas, etc., while
engaging in the largest fraud by way of wall street in the history of the
world, with apparent impunity I might add as per professional criminal courtesy
via you and your department of injustice) sounds awfully John F. Kennedyish;
yet never the twain should meet (in fact, Reagan and his friend, William Holden
reportedly lifted a glass and cheered Kennedy’s assassination – not totally
ill-intended since they bought into that ‘Kennedy treason’ propaganda being
pushed by the cia et als. Actually, Reagan’s greatest (and most unlikely going
in) achievement was the peaceful transition from communism he helped initiate
and facilitate with Russia’s rational and astute Mikhail Gorbachev which made
way for substantial peace dividend for both nations.) Yes, wobama seems to be
suffering from a form of multiple personality disorder which has invariably
been interposed in defense of missteps and ‘bad behavior’, but as is true now,
without success. ] Robinson:
Republicans claim the Reagan mantle, but Democrats act almost like Reaganites.
Stocks
Remain Poised for Steep Decline McCurdy ‘When the second round of quantitative easing was
announced late last year, Federal Reserve Chairman Bernanke indicated that one
of the primary objectives of the program was to inflate risk assets such as
stocks. In that respect, the program has been an unqualified success, as the
S&P 500 index has now gained more than 26% during the course of 5 months.
However,
as a result, the index P/E ratio has increased to more than 18, and the most
reliable forecasting models based upon current earnings and dividends indicate that expected 10-year annual
returns are now slightly more than 3%, regardless of whether or not the economy
is in fact experiencing a sustained recovery.
Thus,
from a purely investment perspective, stocks are priced to deliver very poor
results during the coming decade. Additionally, the short-term outlook now
favors the development of a potentially violent correction.
On
Friday, the S&P 500 index moved up to another marginal new high for the
rally from September, pushing an overextended advance to yet another extreme.
click
to enlarge images
[chart]
The
current short-term cycle from the end of November is now 46 trading days old,
and it has yet to enter the final decline of the beta phase, suggesting that it
will likely terminate in the 55 to 60 day range. The previous cycle had a
duration of 63 trading days. These are moves of extremely long duration, well
above their historical average of about 39 trading days.
[chart]
Of
course, to truly put the overextended nature of the move in perspective, it
must be viewed in the proper context afforded by the big picture. Below is a
monthly chart of the S&P 500 since the current secular bear market began in
2000.
[chart]
Notice
how the character of market behavior changed materially with the crash in late
2008. Since then, stocks have been moving effectively straight up or straight
down. This type of volatile price action is typical for this stage of the bear
market and indicates that we are still several years away from the terminal
phase of the secular decline.
Returning
to the short-term view, our Cyclical Trend Score (CTS) has been negatively
diverging from price action since October, and the CTS is currently holding slightly
above its December low.
[chart]
Although
the CTS is not a near-term timing indicator, this negative divergence reflects
a gradual deterioration in underlying strength. The developing weakness is also
manifested by broad market internals such as breadth and volume, as both
continue to negatively diverge from price behavior.
[chart]
[chart]
Finally,
our Sentiment Score continues to hold near the lowest level since late 2007,
reflecting irrationally excessive bullishness that leaves the market vulnerable
to an abrupt decline.
[chart]
Of
course, overextended rallies of this type have a tendency to continue making
marginal new highs until, at some point, an unexpected catalyst sets in motion
the inevitable correction, which will likely be fast and furious, wiping out
several weeks of gains in a matter of sessions.
From
a big picture perspective, the character of the next correction should provide
a great deal of clarity with respect to long-term direction. A relatively weak
retracement followed by a return to recent long-term highs would predict a
subsequent breakout and continuation of the cyclical bull market, while a
powerful, sustained downtrend would suggest the development of a long-term
top.’
Valuation
Warning Continues for Stocks Minyanville
‘Editor's Note: This article was written by Richard Suttmeier, chief market
strategist at ValuEngine.com ,
which is a fundamentally based quant research firm… Bernanke Blunders -- Fed Chief Bernanke expects the economy to improve
this year with low inflation, despite the jump in commodity prices. The rise in
commodities prices has been a factor for 10 years, and consumers are feeling it
at the gas pump, grocery stores and utilities bills.Bank Failure Friday -- The FDIC closed three more banks last Friday and
none were publicly traded.
25 banks failed in 2008 140 banks failed in 2009 with a peak of 50 in
the third quarter 157 banks failed in 2010 14 banks have failed year to date in 2011 336 banks have failed since the end of 2007 I still predict 500 to 800 bank failures in
total by the end of 2012 into 2013. ‘
Beware:
True Unemployment Is Closer to 10%
The Burden of Lower Growth and More Frequent Recessions Mauldin ‘The following is a
preview of my new book, Endgame, out and in the bookstores next month. This is
the beginning of chapter four, and it stands alone quite nicely. It will print
out a little longer than normal, as there are a lot of graphs. My co-author
Jonathan Tepper and I deal with why there will be slower growth, more
volatility, and more frequent recessions in our future.
We’re optimists
by nature. The natural order of the world is growth. Trees tend to grow, and
economies do, too. Real economic growth solves most problems and is the best
antidote to high deficits, but the problems that we have now won’t be solved by
growth. They’re simply too big. Unless we have another Industrial Revolution or
another profound technological revolution like electrification in the 1920s or
the IT revolution in the 1990s, we will not be able to grow enough to pull
ourselves out of the debt hole we’re in.
After the dot-com
bust in 2000, the phrase “the muddle through economy” (a term coined by John)
best described the U.S. economic situation. The economy would indeed be
growing, but the growth would be below the long-term trend (which in the United
States is about 3.3 percent) for the rest of the decade. (Indeed, growth for
the decade was an anemic 1.9 percent annualized, the weakest decade since the Great
Depression. Muddle through, indeed.)
The muddle
through economy would be more susceptible to recession. It would be an economy
that would move forward burdened with the heavy baggage of old problems while
facing the strong headwinds of new challenges. The description of the world was
accurate then, and it is even more accurate now. In March 2009, when almost
everyone was predicting the apocalypse, it was hard to see how things could
improve. The GDP turned around, industrial production has shot up, retail sales
have bounced back, and the stock market rebounded strongly. Everything has
turned up. However, GDP growth is slowing in the United States as we write in
November 2010. Compared with previous recoveries, growth does not look that
great, and people don’t feel the recovery. This is unlikely to change.
The muddle
through economy is the product of a few major structural breaks in the world’s
economies that have important implications for growth, jobs, and when we might
see a recession again. The U.S. and most developed economies are currently
facing many major headwinds that will mean that going forward, we’ll have
slower economic growth, more recessions, and higher unemployment. All of these
are hugely important for endgame since they vastly complicate policy making.
Lower growth will
make our fiscal choices that much scarier. Importantly, these big changes also
mean that governments, pension funds, and even private savers are probably
making unreasonably rosy assumptions about how quickly the economy and asset
prices will be able to increase in the future. As endgame unfolds, the reality
of these big changes will set in.
Three Structural Changes
Investors are good at absorbing short-term
information, but they are much less successful at absorbing bigger structural
trends and understanding when secular breaks have occurred. Perhaps investors
are like the proverbial frogs in the frying pan and do not notice long, slow
changes around them. There are three large structural changes that have
happened slowly over time that we expect to continue going forward. The U.S.
economy will have:
1. Higher volatility
2. Lower trend growth
3. Higher structural levels of unemployment (The
United States here is a proxy for many developed countries with similar
problems, so much of this chapter applies elsewhere.)
1. Higher Volatility
Before the crash of October 2008, the world was
living in “the great moderation,” a phrase coined by Harvard economist James
Stock to describe the change in economic variables in the mid-1980s, such as
GDP, industrial production, monthly payroll employment, and the unemployment
rate, which all began to show a decline in volatility. As Figures 4.1 and 4.2
from the Federal Reserve Bank of Dallas show, the early 1980s in fact
constituted a structural break in macroeconomic volatility. The GDP became a
lot less volatile. As did employment.
The great moderation was seductive, and government
officials, hedge fund managers, bankers, and even journalists believed “this
time is different.” Journalists like Gerard Baker of the Times of London
wrote in January 2007: Welcome to “the Great Moderation”: Historians will
marvel at the stability of our era. Economists are debating the causes of the
Great Moderation enthusiastically and, unusually, they are in broad agreement.
[chart]
[chart]
Good policy has played a part: central banks have got
much better at timing interest rate moves to smooth out the curves of economic
progress. But the really important reason tells us much more about the best way
to manage economies. It is the liberation of markets and the opening-up of
choice that lie at the root of the transformation. The deregulation of
financial markets over the Anglo-Saxon world in the 1980s had a damping effect
on the fluctuations of the business cycle ... The economies that took the most
aggressive measures to free their markets reaped the biggest rewards.
In retrospect, this line of thinking looks hopelessly
optimistic, even deluded. We do not write this to pick on Gerard Baker, but
rather to point out that low volatility breeds complacency and increased risk
taking. The greater predictability in economic and financial performance led
hedge funds to hold less capital and to be less concerned with the liquidity of
their positions.
Those heady days are now over, and we have now
entered “the great immoderation.” One can confidently say that 2008 represents
a structural break, moving back toward a period of greater volatility. Robert
F. Engle, a finance professor at New York University who was the Nobel laureate
in economics in 2003, has shown that periods of greatest volatility are
predictable. Market sessions with particularly good or bad returns don’t occur
randomly but tend to be clustered together. The market’s behavior illustrates
this clustering. Volatility follows the credit cycle like night follows day,
and periods following credit booms are marked by high volatility, for example,
2000–2003 and 2007–2008.
The period of low volatility of GDP, industrial
production, and initial unemployment claims is now over. For a period of more
than 20 years, excluding the brief 2001–2002 recession, volatility of real
economic data was extremely low, as Figure 4.3 shows. Going forward, higher
economic volatility, combined with a secular downtrend in economic growth, will
create more frequent recessions. This is likely to lead to more market
volatility as well.
[chart]
You can measure economic volatility in a variety of
ways. Our preferred way is on a forward-looking basis. We have seen the highest
volatility in the last 40 years across leading indicators, as Figure 4.4 shows.
These typically lead the economic cycle. This only means one thing, higher
volatility going forward.
For far too long, volatility was low and bred
investor complacency. Going forward, we can expect a lot more economic and
market volatility. We have had a strong cyclical upturn, but we will continue
to face major structural headwinds. This means more frequent recessions and
resultant higher volatility.
If we look at Japan following the Nikkei bust in 1989,
we can see that volatility increased. Note that before the peak in the Nikkei,
volatility had been largely subdued, with periodic movements corresponding to
increases in the level of the market. As Figure 4.5 shows, following the crash,
stock market volatility increased markedly, and volatility to the downside
became far more prevalent.
[chart]
Equity volatility follows the credit cycle. If you
push commercial and industrial (C&I) loans forward two years, it predicts
increases in the Market Volatility Index (VIX) almost down to the month. We
should expect heightened episodes of volatility for the next two years at a
minimum. (See Figure 4.6.)
Fixed-income volatility also follows the credit cycle
with a two-year lag. Figure 4.7 shows how the Fed Funds rate lags Merrill
Lynch’s MOVE Index, which is a measure of fixed-income volatility, by three
years.
[chart]
Another very good reason to believe we’ll continue to
have high volatility even after we recover from the hangover of the credit
binge is that the world is now much more integrated. This is a paradox and may
seem hard to believe, but increased globalization actually makes the world more
volatile through extended supply chains! (See Figure 4.8.)
Production in Japan, Germany, Korea, and Taiwan fell
far more during the 2007–2009 recession than U.S. production fell even during
the Great Depression. Not only was the downturn steeper than during the Great
Depression but also the bounce back was even bigger.
This is truly staggering. If you believed in globalization,
supply chain management, and deregulation, you would have thought they would
lead to greater moderation, but the opposite happened. This was due to the
credit freeze that particularly hit export-oriented economies because trade
credit temporarily dried up. It was not about globalization per se.
Why has the world economy been so volatile? One of
the main reasons is exports. If you look at exports as a percentage of GDP
since the end of the Cold War, you’ll see that in almost all countries around
the world, exports have rapidly risen in the last 20 years. In Asia, they have
doubled, in India they have tripled, and in the United States they have
increased by 50 percent. This makes us all more interconnected, and it means
that supply chains become longer and longer.
Longer supply chains have enormous macroeconomic
implications. As the Economic Cycle Research Institute points out, we’re now
experiencing the bullwhip effect, “where relatively mild fluctuations in end
demand are dramatically amplified up the supply chain, just as a flick of the
wrist sends the tip of a bullwhip flying in a great arc.” The bullwhip effect
makes greater export dependence very dangerous to supplier countries, which
only contributes to cyclical volatility. This is easily seen in Figure 4.9.
That is why Asian countries had some of the largest downturns and steepest
upturns in the Great Recession and the following recovery.
[chart]
2. Lower Trend Growth
We are also seeing a secular decline over the last
four cycles in trend growth across GDP, personal income, industrial production,
and employment. You can see that in Figure 4.10.
Another view of declining trend growth is the decline
in nominal GDP. Figure 4.11 shows that the 12-quarter rolling average has been
on a steady decline for the last two decades.
[chart]
A combination of lower trend growth and higher
volatility means more frequent recessions. Put another way, the closer trend
growth is to zero and the higher volatility is, the more likely U.S. growth is
to frequently dip below zero. Figure 4.12 shows a stylized view of recessions,
but as trend growth dips, the economy will fall below zero percent growth more
often.
Higher volatility has very important implications for
equity and bond investors across asset classes. Indeed, the last three economic
expansions were almost 10 years, but in previous decades, they averaged four or
five years. From now on, we are apt to see recessions every three to five
years.’
Find
A Job? Good Luck In This Economy – 10 Reasons Why The Latest Unemployment
Numbers Are No Reason To Cheer ‘The U.S. government is telling us that the
unemployment rate fell all the way down to 9.0% in January. Should we all
cheer? The Economic Collapse Feb 6,
2011 The U.S. government is telling us that the unemployment rate fell all the
way down to 9.0% in January. Should we all cheer? Is it now going
to be a lot easier to find a job? Has the economy finally turned
around? Are happy days here again? Well, it is a good thing to have
a positive attitude, but the truth is that there is just not much to cheer
about when you take a closer look at the recent unemployment numbers.
First of all, the U.S. economy only added 36,000 jobs in January.
Economists had been expecting an increase of about 145,000 jobs, and an
increase of 150,000 jobs per month is necessary just to keep up with population
growth. So why did the unemployment rate go down? Well, the
government says that over half a million Americans suddenly dropped out of the
labor force in January. That doesn’t make a lot of sense, but this is how
the government calculates their numbers. So what happened to those
500,000 Americans? Did they all win the lottery? Have they all
become independently wealthy? Did they all die? No, the vast
majority of them are still around and the vast majority of them still
desperately need jobs. It is just that the government does not count them
as “looking for work” anymore.It would be great if the employment situation in America
actually was getting better. All the time people send me absolutely
heartbreaking stories about what they have had to endure in this economy.
Soon I hope to share some of those stories with you all. It is hard to
try to describe the absolute horror that many Americans are going through right
now.People would like to believe that things are going to get better, but
unfortunately that is just
not going to be the case . The government can try to massage the
numbers to make them look better, but the truth is that the tens of millions of
American families that are deeply suffering right now are not fooled.
The following
are 10 statistics that reveal that the latest unemployment numbers from the
government are no reason to cheer….
#1 According
to CNBC , economists were expecting the U.S. economy to add 145,000 jobs
during January. Obviously the 36,000 figure was a huge disappointment.
#2 Approximately 150,000
jobs need to be added to the economy each month just to keep up with
population growth.
#3 The government jobs report also indicated that 504,000
Americans “dropped out of the labor force” in January. That may make the
unemployment numbers look better, but the truth is that the vast majority of
those 500,000 Americans still need incomes and still need jobs.
#4 According to the latest numbers from Gallup, the
unemployment rate actually increased
to 9.8% at the end of January.
#5 Gallup’s measure of “underemployment” (those that
are unemployed plus those that are working part-time but want full-time
employment) was sittingat
18.9% at the end of January.
#6 As I reported yesterday, there are approximately 28
million Americans that would like full-time jobs but that don’t have
full-time jobs.
#7 According to Zero Hedge, the number of Americans
that are “not in the labor force” but that would like a job right now has
hit an all-time record high . If you add all of those people into the
official unemployment figure it
would jump to 12.8% .
#8 According
to Calculated Risk , this is the deepest and most brutal employment downturn
that the United States has experienced since World War II. The current
employment downturn started 37
months ago and there doesn’t seem to be any indication that we will return
to pre-recession levels any time soon.
#9 The U.S. Labor Department has also announced that
job growth during 2010 was much weaker than they had previously reported. The
numbers for 8 months were revised down, and the numbers for 4 months were
revised up. After all of the revisions are accounted for, it turns out that a
total of
215,000 fewer jobs were created during 2010 than originally calculated.
#10 According to one brand new survey, 4
out of every 10 Americans are struggling “a lot” to pay the bills right
now.
The situation
is not pretty out there. The U.S. needs tens of millions more jobs than
we have right now.
So where are
all of our jobs going? The video posted below contains some very strong
hints. The truth is that globalism is
ripping our economic infrastructure apart , and all of the crazy rules and
regulations we keep heaping on business are not helping either….U.S. workers
have been merged into a “global labor pool” where we are expected to directly
compete for jobs with people making slave labor wages on the other side of the
globe.The more time you spend thinking about that, the more you start realizing
that the standard of living of average American families is going to continue
to decline.Unfortunately, as I wrote about in a recent article entitled “Nothing
Is Stable Anymore “, the world is changing faster today than at any other
time during our lifetimes. Everything that we used to assume about
employment, money, our economy and our finances is being turned upside
down. We now live in a world where very little can be taken for
granted.2011 has already been a very tumultuous year. The world is being
transformed. Nobody knows for sure what is going to happen next.One thing
to really keep an eye on is the price of oil. Right now, large
numbers of investors are betting that the price of oil will rise to $125 a
barrel by May. Shockingly, some investors are even betting that the price
of oil will
rise to $250 a barrel by next December.If oil starts to spike dramatically,
it will have tremendous implications for the U.S. economy. Our entire
economic system runs on oil. The price of oil affects the price of
everything else.If the price of oil keeps going up it is inevitably going to cause
a slowdown in the U.S. economy and it will cause the unemployment situation to
get even worse.So be glad that the employment situation is at least somewhat
stable for now, because if things take a bad turn for the worse in 2011 who
knows what kind of unemployment numbers we’ll be talking about a year from
now.’
Hedge
Fund Manager Bill Fleckenstein: Fed Money Printing to Cover Bank Theft Is
Leading to Food Inflation Worldwide [ People really don’t comprehend the
enormity of this reality / fraud /theft which is far more injurious than even
set forth here with dire consequences to come. ] Dylan Ratigan says that the
Fed is printing money to cover enormous theft by the big banks, and that money
printing is leading to food inflation worldwide. (Bad weather and speculation
on commodities are obviously also contributing to rising food prices).
Drudgereport: WE'RE
ON 'ROAD TO RUIN'
BIG
SIS TELLS SUPER BOWL ATTENDEES: 'SEE SOMETHING, SAY SOMETHING'... Everyone
entering stadium to get a patdown... Saboteurs
attack gas pipeline; cuts off flow to Israel, Jordan... CAIRO
DAY 12: Locked in standoff... Mubarak
clings to power as son quits ruling party... Gov't
seeks to ease Mubarak out... Hopes
to ride out protest wave... Anderson
Cooper in 'Undisclosed Location' After Another Attack; Couric, Williams Flee
Egypt... GOOGLE
Exec Who Went Missing In Egypt Now Spokesman For Opposition Group... MOTOROLA
AD MOCKS 'APPLE ZOMBIE SOCIETY'... Mafia
'holds Silvio Berlusconi photos'... SUPER
BOWL MOST-VIEWED TV IN HISTORY... THE
PACK PULLS IT OUT
Budget
freeze hampers oversight, SEC chair says (Washington Post) [ Well, now we
know the real reason behind the spending freeze. It always was a bit of a
stretch to say that was because of their seriousness regarding
deficit-reduction which is a catch-phrase but myth at best. That said, in light
of wobama’s et als’ failure to live up to campaign promises regarding
prosecution of the blatant frauds on wall street, it seems that the absence of
the $200 million will be interposed as an excuse for planned failure. After
all, at every turn, the frauds on wall street were given every opportunity to
cover their tracks and keep their booty. The attorney general’s office, u.s.
attorneys and wobama the b are the worst offenders concerning the
foregoing. ] Mary L. Schapiro says the
freeze is compromising the agency's ability to police the financial markets. Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1). … The following youtube video is well worth the
look and explains how and why the frauds on wall street have gotten away with
their devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white victims
US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ]
Iran's
Khamenei says uprisings represent 'defeat' for U.S.
(Washington Post) [ No matter how you slice it, dice it, or euphemise about
it, these are indeed substantial, irrevocable losses for the u.s.; but
importantly, of america’s own making; self-defeat if you will, compounded by a
slew of bad choices. Sadly, Ayatollah Ali Khamenei is quite correct when
he states: israel .’
Unfortunately, as has become crystal clear from america’s perpetual war in the
region, the people have invariably figured last in america/israel’s unbalanced
equations. ] ] Drop in jobless rate
from 9.4 percent to 9 percent offers little comfort because a separate survey
of employers shows that job growth was anemic in January, with employers adding
only 36,000 jobs. Milbank: Rumsfeld
offers no apology on Iraq (Washington Post) [ Well, journalistically
speaking, you know Mr. Milbank’s hit the bottom of the barrel when he leads his
article with a quote seemingly as a purported standard from war criminal dumbya
bush who probably didn’t even understand the words he was regurgitating (see ,
ie., bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm
- sadly, wobama probably understands the words but forgets his prior words
contradicting same, campaign promises particularly, and hence, failed
presidents both). Who cares about what would be meaningless apologies from
these incompetent psychopaths.
(2-3-11) Rumsfeld
Finally Confesses He Was Wrong About WMD In New Autobiography [ Nice to know … a nation’s bankruptcy
(america) and another nation’s destruction (Iraq) later. ] Former Defence
Secretary Donald Rumsfeld has finally confessed he was wrong to claim America
knew where Saddam Hussein had stockpiled weapons of mass destruction in the
first days after the Iraq invasion.
Previous: Words are cheap, in america particularly … I don’t believe
anything they say and then, as I said, words are cheap. ANALYSIS
| Palin's 'blood libel' comment backfires Washington Post) [ God knows I’m no fan of sarah palin’s
although I am constrained to admit that as a fan of Saturday Night Live, I do
appreciate her contribution to comedic content in the show. That said, this new ‘tempest in a teapot’ of
her own making is a bit overdone. After all, it should be common knowledge by
now, to put it mildly, that she is quite dumb; and, like that burnt out, dumb,
war criminal and moron, dumbya bush (see , ie., bushisms from bush the
brain-damaged moron http://albertpeia.com/bushisms.htm ),
she also has trouble with words; more specifically, the meanings of words. But
it is also true that wobama and his ilk have trouble with words and their
meaning, particularly when those spoken words are measured against what he
does, his ilk never seeming to discern the glaring difference … wobama the ‘b’ for
b*** s***. Lamentably (by her) and unexpectedly for palin was her failure to
fully understand ‘that jewish thing’ attached to the phrase and the tender
sensibilities of those who previously have been among the ranks of what seems
more and more to be a somewhat offbeat fanclub of sorts. Yeah, that ‘never here
the end of it’ jewish stereotype of paranoid sensibilities to religious /
ethnic prejudice / slur behind some word, phrase, or even a sneeze (spielberg’s
childhood memories) can wind up turning around and biting you’re a** !
Previously: Krauthammer: Beyond
Ariz., a reckless charge
(Washington Post) [ If it were only that simple; viz., a palin ( I’ve
previously said I’m more concerned with her level of stupidity, dumb enough in
an infantile way to prove she had gonads by pressing the button – never goin’
to happen, her being in that position), a beck, a bush, a wobama (Drudgereport:
OBAMA
FLASHBACK: 'If They Bring a Knife to the Fight, We Bring a Gun'... , etc., there’d be hope for pervasively corrupt
defacto bankrupt america. The fact is, the problem is inherent to america /
americans themselves as I previously wrote here and reiterate: Will: Half-baked
explanations for tragedy (Washington Post) [ Half-baked? Charlatans? The
foregoing are in no short supply in defacto bankrupt, meaningfully lawless,
pervasively corrupt, fraud prevalent america. See, for example, RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Moreover, Mr. Will as an oftimes
apologist for war criminal, pervasively fraud-prone, defacto bankrupt, etc.,
america, with crime rates exceeding by far those of any other so-called
civilized nations, might indeed find himself among those he’s so categorized.
Among the last separate page sections to my website will be a somewhat detailed
psychoanalytic evolutionary profile of the u.s. (one might ask who am I to do
so which is fair comment to which I would reply, read it, or not, your choice).
However, for the nonce, let me say that the it is no small coincidence that the
20th century has been dubbed ‘the american century’. That the 20th
century has been considered the bloodiest is at once the natural concomitant of
the foregoing reality. Keeping in mind the so-called ‘selective’ processes in
both insurance (adverse) and evolutionary (Darwinian) terms, and as well, the
psychology of it all from a behavioral perspective, america has indeed evolved.
From the genocide of indigenous populations, to outlandish propaganda in
support of same (ie., that ‘manifest destiny’ balderdash with overtones of
religiosity spoonfed since elementary school, etc.), to contrived conflict /
war, such, euphemistically bad behavior has been reinforced, some of which
conditioning not always purposeful, ie., the ever greater frauds perpetrated on
wall street for which there have been in large part no real punitive
consequences to the perpetrators; but, to the contrary, great financial rewards
though substantially detrimental to the majority. Despite the surface appeal,
that oft asserted ‘blue-blood’ distinction doesn’t pass muster. Aside from the
few seeking seeking religious freedom (ie., Puritans among some others), most
then new americans were such disaffected rejects of their former homelands that
desperation at best was motivation for travel to the wilds of the ‘so-called
new world’ as opposed to intelligent, rational choice; criminals, mentally ill,
the not-so-bright but ruthless populating the new nation in disparate numbers
toward the ends consistent with greed and common criminality, corruption, and
venality. As of the age of the dinosaurs, the american century has passed into
the annals of a history replete with self-generating terrorism within and
without (that blowback thing). DRUDGEREPORT:
NATION
SHOCKED: CONGRESSWOMAN SHOT IN TUCSON
White
House mulls Egypt options as protests persist Pro-democracy
demonstrators stage 'Day of Departure' rallies (Washington Post) [ It truly is difficult to
even imagine such a scenario as ‘a transition process that would allow Mubarak
to remain as a figure head until new elections’, though the same probably
comports with america’s own pervasively corrupt style of politics as usual
(wobama a glaring current example of
actions belying words, war criminal dumbya bush, et als) which has
spelled intractable decline for america domestically and internationally
(probably also comports with israel’s aims at the expense and to the detriment
of Egypt and Egypt’s citizens – also gives the cia time to do their deals which
could be whatever nefarious money-making / power brokering scheme comes to
mind). In corrupt, defacto bankrupt america, facades count more than reality. Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters.
Amid Arab protests, U.S. influence has waned Soros:
'The main stumbling block is Israel'...
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested that Mubarak's
supporters were determined to show, as he had warned, that the country faced a
"choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which puts
him and his at the top of my hypocrite list), is that the so-called elite have
orchestrated these events and ‘are in control’. First, there are no elites in
this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
] Fragile steps to end crisis seen as plans
take shape for a transition process that would allow Mubarak to remain as a
figure head until new elections.
Ignored but
Important - What Omitted Jobs Data means for Stocks [ What it means is that when there are no
jobs, and everyone has stopped looking, there will be full employment which of
course, is rally time for stocks … riiiiight! ] Maierhofer, see entire article
infra: ‘…The headline unemployment rate (U-3) reported by the BLS fell to 9%,
the lowest level since April 2009. How can the unemployment rate drop 0.4% if
only 36,000 jobs were added? (Much worse than the 140,000 expected – stocks
still rallied) 36,000 aren't even enough to provide jobs for a quarter of
graduates…’ Riiiiight! … that fudge factor/fraud; viz., discouraged / stopped
looking … What total b*** s***! How desperate they are! Previous: Initial
Claims Drop More Than Expected [ Come on! Who believes anything they say
and at what cost with money not really there in pervasively corrupt, defacto
bankrupt america, with manipulated programmed suckers’ rally into the close.
…‘In the U.S. market, Slothower concludes: “This is a hard one to gauge, given
the QE2 manipulations verses skyrocketing food and energy prices, which have
now reached prices levels that have choked off growth in the past and caused
recessions, as we saw in 2008 when oil prices hit $100 a barrel (in March of
that year).” “It is like walking in a mine field. You move very carefully now
with your eyes wide open and on every move, knowing that any day something out
of the blue could blow thing up, given these extreme risks.” But he’s now only
70% in cash. The balance is split equally between: iPath Dow Jones-AIG Grains
Total Return Sub-Index …’ Minyanville's
T3 Weekly Recap: Growing Disconnect Between Market and Economy/World ‘ Bernanke said in his comments yesterday
that he is responsible for higher stock prices, but not necessarily for
sky-rocketing global food prices. Well, you can't have it both ways, Ben. By
propping up asset prices when economic data doesn't match the ferocity of the
stock market rally, the Fed is potentially creating another bubble of
sorts.Just look at today's non-farm payrolls number: There was a gain of only
36,000 jobs when 140,000 were expected. Also, unemployment fell to 9.0% -- a
positive sign for the layman, but an ominous sign for the more keen eye.
Nine-hundred thousand discouraged job-hunters left the labor force this month,
after 500,000 left in the previous month. It's hard to see optimism in the
stock market continue unabated while so many Americans remain jobless…’ ‘Kung Hei Fat Choy!: Dave's Daily …Speaking of the man with printers ink stains
up to his neck, Bernanke spoke Thursday to the Press Club stating, among other
things, "inflation remains quite low". He continued saying,
"Since August, when we announced our policy of reinvesting maturing
securities and signaled we were considering more purchases, equity prices have
risen significantly...") I believe that sums things up from an investing Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High The conclusion of the following detailed,
documented analysis: ‘Wolinsky :In conclusion, the market is over-valued based
on the above data. Tobin's Q, Shiller P/E and AAII data are all indicating that
investors are too bullish and valuations are too high.’ ] Simon Maierhofer , On
Friday February 4, 2011, ‘ The monthly employment report has become one
of the most anticipated and talked about, but least analyzed ritual on Wall
Street.As far as the media is concerned, the Bureau of Labor Statistics (BLS)
might as well just publish the headline number, because that's about the only
thing anyone talks about.Not only does the core message of the 40+ page report
go largely un-deciphered, the correlation between the employment reports is
also somewhat deceptive.This article will extract some uncommonly reported
information and point towards what is likely to move the marketThe only other
Wall Street ritual that tops monthly unemployment reports is earnings season. Like
any other ritual, it comes with many myths and fables attached. The most common
one is that unemployment directly affects stock prices.
THE
HEADLINE NUMBER ... WAIT, THERE IS MORE
The headline
unemployment rate (U-3) reported by the BLS fell to 9%, the lowest level since
April 2009. How can the unemployment rate drop 0.4% if only 36,000 jobs were
added? 36,000 aren't even enough to provide jobs for a quarter of
graduates.According to BLS data, the number of unemployed workers (not
seasonally adjusted) rose from 14.83 million to 14.94 million. The work force
shrunk from 153.89 million to 152.54 million. The workforce didn't actually
decline, but statistically more workers are considered discouraged and are no
longer considered unemployed.One of the most remarkable BLS data points on the
BLS site is the average number of weeks workers are now unemployed. The jobless
are unemployed for an average of 36.9 weeks, an all-time high (see chart
below).[chart]
A
SHRINKING POND WITH BIGGER FISH
It is
estimated that about 150,000 'youngsters' enter the work force every year.
That's why the work force has steadily increased since 1948. Courtesy of the
2008 bear market, the workforce has actually been shrinking, as discouraged
workers drop out of the statistics.Discouraged workers are those who have
stopped searching in the last four weeks. Excluding them from the workforce and
the unemployment equation artificially lowers the U-3 unemployment rate. The
real unemployment rate (U-6), which includes workers who stopped looking for
jobs or had to settle for part-time jobs - is at 16.1%.
PLAYING
DETECTIVE
Based on U-6
numbers, since December 2006 as many as 13 million Americans have either lost
their jobs, or have been downgraded.The lucky few who've found a job have to
accept pay cuts. According to Annette Bernhardt, policy co-direction for the
National Employment Law Project, high wage sectors - such as financial services
(NYSEArca: KBE - News ) and construction (NYSEArca:
XHB - News ) - accounted for nearly half
the jobs lost during the recession.Those workers made between $17.43 - $31 an
hour. Only 5% of those jobs have been resurrected. 76% of new jobs are in
low-to mid-wage industries with earnings between $8.92 - $15 an
hour.Nevertheless, stocks have shrugged off an avalanche of bad news and
continue plowing ahead towards new highs. Does that make sense?
BIG
BROTHER IS HERE
It does when
you include the Federal Reserve and its quantitative easing program in this
lopsided equation. The Fed has a history of creating and ignoring bubbles.The
real estate (NYSEArca: IYR
- News ) bubble was allowed to
get bigger to mop up the damage of the tech (NYSEArca: XLK - News ) bubble. The financial
sector (NYSEArca VHF) financing bubble was encouraged to mask the damage of the
real estate bubble. The new QE bubble is absolutely needed to prevent an
economic collapse (based on Bernanke's assessment).How long with the Fed's
quantitative easing - labeled QE2 - keep stocks afloat? We don't know for sure,
but we can tell when the stock market might enter trouble spots that could lead
to (severe) corrections.
A FORK IN
THE FINANCIAL ROAD
Imagine a car
cruising on the highway. The driver doesn't know it yet, but he's heading in
the wrong direction. When will he turn around? We don't know, but the most
likely place for a change of direction is the next exit.Based on various
measures of historic valuation models, the stock market (NYSEArca: VTI - News ) is overpriced (heading in
the wrong direction). When will stocks stop rising and start falling? We don't
know, but the most likely place for a reversal is the next big resistance
level.The Dow Jones (DJI: ^DJI), S&P 500 (SNP: ^GSPC), Nasdaq (Nasdaq:
^IXIC) and Financial Select Sector SPDR (NYSEArca: XLF - News ) are simultaneously pushing
against major resistance. It is rare to see four major indexes at cross roads
at the same time.
A HIGH
PROBABILITY TRADING OPPORTUNITY
The beauty of
well-documented resistance levels is that they provide a high probability, and
a low risk trading opportunity for bulls and bears. A solid break above
resistance means hurdle cleared. Resistance becomes support and investors can
go or stay long using the prior support level as resistance.If the index (es)
stays below resistance, resistance is confirmed and a trend change is likely.
Investors/traders can go short using the resistance as a stop-loss level.All
four indexes are within 1 - 2 % of their resistance levels, which means that
either trade has a potential loss of 1 - 2%, compared to a much higher gain.
Investing is about putting the odds in your favor. There is no fail-proof
system, but this setup is about as good as it gets…’
House
Republicans propose $32B in budget cuts (Washington Post) [ Well, there you
go … all over but the shoutin’ … $14+ trillion debt problem solved … riiiiight!
… Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘ ] The figure represents
an unprecedented rollback that would force some agencies to cut spending by as
much as 20 percent, analysts say.
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of it’. ‘…In what the U.S. State Department called
a "concerted campaign to intimidate," several dozen journalists were
rounded up by security forces and detained for hours, along with foreigners
working as teachers, engineers and human rights researchers. Across the city,
angry bands of supporters of President Hosni Mubarak also beat journalists;
several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters.
Amid Arab protests, U.S. influence has waned Soros:
'The main stumbling block is Israel'...
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested that Mubarak's
supporters were determined to show, as he had warned, that the country faced a
"choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which
puts him and his at the top of my hypocrite list), is that the so-called elite
have orchestrated these events and ‘are in control’. First, there are no elites
in this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
]
Home
buyers may get less government support (Washington Post) [ Uut, oh! Less
help from the pervasively corrupt, defacto bankrupt government? Well, on the
bright side, a percentage of near zero is still near zero … I guess that
non-wall street addresses just don’t rate!
] Administration officials are
looking at scaling back the aid provided during the mortgage crisis to help the
ailing real estate market. The move could make home loans in high-priced areas
such as the Washington region more expensive. Fed
dismisses inflation concerns (Washington Post) [ If you’re not used to Dave of Dave’s Daily, see infra, ‘he talks
with tongue in cheek’; meaning, inflation’s here, including the inflated stock
bubble that the frauds on wall street commission and sell into, just as
bernanke planned and admitted, with hyperinflation around the corner, and the
typical ‘bust’. Initial
Claims Drop More Than Expected [ Come on! Who believes anything they say
and at what cost with money not really there in pervasively corrupt, defacto
bankrupt america, with manipulated programmed suckers’ rally into the close.
…‘In the U.S. market, Slothower concludes: “This is a hard one to gauge, given
the QE2 manipulations verses skyrocketing food and energy prices, which have
now reached prices levels that have choked off growth in the past and caused
recessions, as we saw in 2008 when oil prices hit $100 a barrel (in March of
that year).” “It is like walking in a mine field. You move very carefully now
with your eyes wide open and on every move, knowing that any day something out
of the blue could blow thing up, given these extreme risks.” But he’s now only
70% in cash. The balance is split equally between: iPath Dow Jones-AIG Grains
Total Return Sub-Index …’ ‘Kung Hei Fat Choy!: Dave's Daily …Speaking of the man with printers ink stains
up to his neck, Bernanke spoke Thursday to the Press Club stating, among other
things, "inflation remains quite low". He continued saying,
"Since August, when we announced our policy of reinvesting maturing
securities and signaled we were considering more purchases, equity prices have
risen significantly...") I believe that sums things up from an investing Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High The conclusion of the following detailed,
documented analysis: ‘Wolinsky :In conclusion, the market is over-valued based
on the above data. Tobin's Q, Shiller P/E and AAII data are all indicating that
investors are too bullish and valuations are too high.’ ]
]
Bernanke gives a mixed assessment of the nation's economic
prospects.
Kung Hei Fat Choy!: Dave's Daily ‘ The above tribute to the "metal rabbit" was not the cheer
from Tahrir Square Thursday. But, U.S. investors are ignoring that in favor of
making money with some dip buying abetted by focusing on good news (retail
results) and ignoring any negative news from Egypt or even MRK's results. The
Fed tossed in another round of POMO
to the tune of nearly $9 billion which encouraged buying from trading investing ‘ See also re: bernanke’s folly-If You're Going to Do Economics, Don't Do Macro [ Truth be told, I find Mr. Falkenstein’s
article a bit too subtle and somewhat shy about getting to the point, but have
included same here solely for the reprint of William Buckley’s famous quote
which comports with my own view of the ivy league vegetable gardens which turn
out as you would expect, vegetables; viz., ‘ he would prefer the first
100 names in the Boston phonebook to the Harvard faculty‘. The reality is
that ‘harvard professor’, ‘no-recession bernanke’ has given an obfuscating,
ephemeral feel good but lucrative to the few gift to the frauds on wall street
with ultimately devastatingly great cost / pain to come. ]
Rumsfeld
Finally Confesses He Was Wrong About WMD In New Autobiography [ Nice to know … a nation’s bankruptcy (america)
and another nation’s destruction (Iraq) later. ]Former Defence Secretary Donald
Rumsfeld has finally confessed he was wrong to claim America knew where Saddam
Hussein had stockpiled weapons of mass destruction in the first days after the
Iraq invasion.
Drudgereport: UNEMPLOYMENT
AT 9.0% +36,000 JOBS... CANADA
+69,200... GALLUP:
Unemployment actually at 9.9%... 'Under-employment' at 19.2%... Labor
Force Participation Plunges To Fresh 26 Year Low... Santelli
Slams CNBC Panelists for Spinning Jobs Report... VIDEO...
BIG
SIS TELLS SUPER BOWL ATTENDEES: 'SEE SOMETHING, SAY SOMETHING'…(If only she
really meant that concerning the rest of the nation, and washington
particularly – they obsessively cover up almost everything – and saying
something is dealt with quite harshly, punitively)... SECRET
DEAL: US AGREES TO TELL RUSSIA UK'S
NUKE SECRETS Gov't
Debt Jumped $105.8 Billion in January... Dems
warn of shutdown... Republicans
Propose Spending Cuts...
Initial
Claims Drop More Than Expected [ Come on! Who believes anything they say
and at what cost with money not really there in pervasively corrupt, defacto
bankrupt america, with manipulated programmed suckers’ rally into the close.
…‘In the U.S. market, Slothower concludes: “This is a hard one to gauge, given
the QE2 manipulations verses skyrocketing food and energy prices, which have
now reached prices levels that have choked off growth in the past and caused
recessions, as we saw in 2008 when oil prices hit $100 a barrel (in March of
that year).” “It is like walking in a mine field. You move very carefully now
with your eyes wide open and on every move, knowing that any day something out
of the blue could blow thing up, given these extreme risks.” But he’s now only
70% in cash. The balance is split equally between: iPath Dow Jones-AIG Grains
Total Return Sub-Index …’ ‘Kung Hei Fat Choy!: Dave's Daily …Speaking of the man with printers ink stains
up to his neck, Bernanke spoke Thursday to the Press Club stating, among other
things, "inflation remains quite low". He continued saying,
"Since August, when we announced our policy of reinvesting maturing
securities and signaled we were considering more purchases, equity prices have
risen significantly...") I believe that sums things up from an investing Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High The conclusion of the following detailed,
documented analysis: ‘Wolinsky :In conclusion, the market is over-valued based
on the above data. Tobin's Q, Shiller P/E and AAII data are all indicating that
investors are too bullish and valuations are too high.’ ]
Market
Crash on 2/28/11? Technical
indicators suggest market collapse may begin by February 28th
12
Economic Collapse Scenarios That We Could Potentially See In 2011 What
could cause an economic collapse in 2011? Well, unfortunately there are quite a
few “nightmare scenarios” that could plunge the entire globe into another
massive financial crisis. The Economic Collapse Jan
20, 2011 ‘What could cause an economic collapse in 2011? Well, unfortunately
there are quite a few “nightmare scenarios” that could plunge the entire globe
into another massive financial crisis. The United States, Japan and most
of the nations in Europe are absolutely drowning in debt. The Federal
Reserve continues to play reckless games with the U.S. dollar. The price
of oil is skyrocketing and the global price of food just hit a new record
high. Food riots are already breaking out all over the world.
Meanwhile, the rampant fraud and corruption going on in world financial markets
is starting to be exposed and the whole house of cards could come crashing down
at any time. Most Americans have no idea that a horrific economic
collapse could happen at literally any time. There is no way that all of
this debt and all of this financial corruption is sustainable. At some
point we are going to reach a moment of “total system failure”.
So will it be
soon? Let’s hope not. Let’s certainly hope that it does not happen
in 2011. Many of us need more time to prepare. Most of our families
and friends need more time to prepare. Once this thing implodes there
isn’t going to be an opportunity to have a “do over”. We simply will not
be able to put the toothpaste back into the tube again.
So we had all
better be getting prepared for hard times. The following are 12 economic
collapse scenarios that we could potentially see in 2011….
#1 U.S. debt could become a massive crisis at any
moment. China is saying all of the right things at the moment, but many
analysts are openly worried about what could happen if China suddenly
decides to start dumping all of the U.S. debt that they have
accumulated. Right now about the only thing keeping U.S. government
finances going is the ability to borrow gigantic amounts of money at extremely
low interest rates. If anything upsets that paradigm, it could
potentially have enormous consequences for the entire world financial system.
#2 Speaking of threats to the global financial system,
it turns out that “quantitative easing 2″ has had the exact opposite
effect that Ben Bernanke planned for it to have. Bernanke insisted that
the main goal of QE2 was to lower interest rates, but instead all it has done
is cause interest rates to go up substantially .
If Bernanke this incompetent or is he trying to mess everything up on purpose?
#3 The debt bubble that the entire global economy is
based on could burst at any time and throw the whole planet into chaos. According
to a new report from the World Economic Forum , the total amount of credit
in the world increased from $57 trillion in 2000 to $109 trillion in
2009. The WEF says that now the world is going to need another $100
trillion in credit to support projected “economic growth” over the next
decade. So is this how the new “global economy” works? We just keep
doubling the total amount of debt every decade?
#4 As the U.S. government and the Federal Reserve
continue to pump massive amounts of new dollars into the system, the floor
could fall out from underneath the U.S. dollar at any time. The truth is
that we are already starting to see inflation really accelerate and everyone pretty
much acknowledges that official U.S. governments figures for inflation are an
absolute joke. According
to one new study , the cost of college tuition has risen 286% over the last
20 years, and the cost of “hospital, nursing-home and adult-day-care services”
rose 269% during those same two decades. All of this happened during a
period of supposedly “low” inflation. So what are price increases going
to look like when we actually have “high” inflation?
#5 One of the primary drivers of global inflation
during 2011 could be the price of oil. A large number of economists are
now projecting that the price of oil could surge well
past $100 dollars a barrel in 2011. If that happens, it is going to
put significant pressure on the price of almost everything else in the entire
global economy. In fact, as
I have explained previously , the higher the price of oil goes, the faster
the U.S. economy will decline.
#6 Food inflation is already so bad in some areas of
the globe that it is setting off massive food riots
in nations such as Tunisia and Algeria. In fact, there have been reports
of people setting themselves on fire all
over the Middle East as a way to draw attention to how desperate they
are. So what is going to happen if global food prices go up another 10 or
20 percent and food riots spread literally all over the globe during 2011?
#7 There are persistent
rumors that simply will
not go away of massive physical gold and silver shortages. Demand for
precious metals has never been higher. So what is going to happen when many
investors begin to absolutely insist on physical delivery of their precious
metals? What is going to happen when the fact that far, far, far more
“paper gold” and “paper silver” has been sold than has ever actually physically
existed in the history of the planet starts to come out? What would that
do to the price of gold and silver?
#8 The U.S. housing industry could plunge the U.S.
economy into another recession at any time. The real estate market is
absolutely flooded with homes and virtually nobody is buying. This
massive oversupply of homes means that the construction of new homes has fallen
off a cliff. In 2010, only
703,000 single family, multi-family and manufactured homes were
completed. This was a new record low, and it was down 17% from the
previous all-time record which had just been set in 2009.
#9 A combination of extreme weather and disease could
make this an absolutely brutal year for U.S. farmers. This winter we have
already seen thousands of new cold weather and snowfall records set across the
United States. Now there is some very disturbing news emerging out of
Florida of an “incurable
bacteria” that is ravaging citrus crops all over Florida. Is there a
reason why so many bad things are happening all of a sudden?
#10 The municipal bond crisis could go “supernova” at
any time. Already, investors are bailing out of bonds at a frightening
pace. State and local government debt is now sitting at an all-time high
of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal
bond crisis that we are facing is a gigantic threat to our financial system….
“It has
tentacles as wide as anything I’ve seen. I think next to housing this is the
single most important issue in the United States and certainly the largest
threat to the U.S. economy.”
Former Los Angeles mayor Richard Riordan is convinced
that things are so bad that literally 90% of our states and cities could go
bankrupt over the next five years….
#11 Of course on top of everything else, the quadrillion
dollar derivatives bubble could burst at any time. Right now we are
watching the greatest financial
casino in the history of the globe spin around and around and around and
everyone is hoping that at some point it doesn’t stop. Today, most money
on Wall Street is not made by investing in good business ideas. Rather,
most money on Wall Street is now made by making the best bets.
Unfortunately, at some point the casino is going to come crashing down and the
game will be over.
#12 The biggest wildcard of all is war. The Korean
peninsula came closer to war in 2010 than it had in decades. The Middle
East could literally explode at any time. We live in a world where a
single weapon can take out an entire city in an instant. All it would take
is a mid-size war or a couple of weapons of mass destruction to throw the
entire global economy into absolute turmoil.
Once again,
let us hope that none of these economic collapse scenarios happens in 2011.
However, we
have got to realize that we can’t keep dodging these bullets forever.
As bad as 2010
was, the truth is that it went about as good as any of us could have
hoped. Things are still pretty stable and times are still pretty good
right now.
But instead of
using these times to “party”, we should be using them to prepare.
A really,
really vicious economic storm is coming and it is going to be a complete and
total nightmare. Get ready, hold on tight, and say your prayers.’
World food prices
hit record high AFP | World food prices reached their
highest level ever recorded in January and are set to keep rising for months.
Drudgereport:'DAY
OF DEPARTURE'
White
House, Egypt Discuss Plan for Mubarak's Exit... 'If
I Resign Today There Will Be Chaos'... Blames
Muslim Brotherhood for violence... Crackdown
Widens to Foreign Observers... Obama
response draws criticism in Israel... UN
to evacuate staff... LIVE... WIRE... BBC... Muslim
Brotherhood wants end to Egypt-Israeli peace deal... Kenneth
Cole tweets: Egypt is rioting over our spring collection... Jon
Stewart Jokes: 'Hands off Anderson Cooper!' Speeding
Police Truck Runs Over Protesters... ABCNEWS
REPORTER THREATENED WITH BEHEADING... CBSNEWS
Lara Logan, Crew Detained... FOXNEWS
reporter, cameraman beaten, hospitalized... The
Arab revolution and Western decline... Soros:
'The main stumbling block is Israel'... GALLUP:
Unemployment Up in January to 9.8%... GOOGLE
Gets Record 75,000 Job Applications in One Week... Bernanke
warns on 'wide' deficit; Gold goes up... ...policy
'not to blame for record food prices' Oil
price shoots above $103...
Dems
warn of shutdown over debt... Republicans
Propose Spending Cuts...
Health-care
fight shifts to courts
(Washington Post) [ Wow! Heck of a way to run a nation … now in the hands of corrupt, corruptible plushly
accoutered lifetime-appointees for whom legal principles, meaningful rules of
law are never a problem or impediment nor even a predictable guide … Wall
Street firm targets District-based energy practice (Washington Post) [ From
one corrupt sinkhole (d.c. / no. virginia) to another, perhaps the largest (
wall street/new york/jersey/ct. metro); ho, hum. The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] It's part
of a push by law firms to expand their D.C. footprint in an era of increased
regulatory scrutiny. ]
The
unlikely face of Egypt's protesters (Washington Post) [ Unlikely? … I don’t think so in light of the
strength and prevalence of the ‘anyone but mubarak (and his)’ sentiment. ]
Mohamed ElBaradei, the Nobel Prize-winning former United Nations
bureaucrat, has emerged this week as an improbable revolutionary, clamoring for
the overthrow of Egypt's President Hosni Mubarak.
Milbank:
Rand
Paul's at odds with his state (Washington Post) [ Mr. Milbank … that
perpetual off-key that invariably sounds passable on an old, hopelessly
out-of-tune piano. Not even credit to Mr. Rand’s prospective ‘elections be
damned’ attitude and putting reality and conscience first (an attitude which
got him elected and which he stands by). In case Mr. Milbank hasn’t noticed,
pervasively corrupt, defacto bankrupt america has declined substantially,
particularly of late, and has strayed quite afar from the laudible principles
upon which it was founded. Mr. Milbank, organized crime families, even less
organized gangs, and certainly corrupt politicians compromise all of the time …
and that’s the nation’s problem … because some things are not compromisable. ] Facebook
treads carefully after role in protests
(Washington Post) [ Facebook should show nor have any fear inasmuch as any
such nations as would self-destructively limit the free flow of information so
limit the tenure of such leadership of said nations. Moreover, historically,
such authoritarian, totalitarian regimes never withstand the test of time.
Finally, if not facebook, then another (choose) will step up. ] The recent
unrest in Egypt and Tunisia is forcing Facebook officials to grapple with the
prospect that other governments will grow more cautious of permitting the
company to operate in their countries without restrictions or close monitoring. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested that Mubarak's
supporters were determined to show, as he had warned, that the country faced a
"choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which
puts him and his at the top of my hypocrite list), is that the so-called elite
have orchestrated these events and ‘are in control’. First, there are no elites
in this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High [ The
conclusion of the following detailed, documented analysis: ‘In conclusion, the
market is over-valued based on the above data. Tobin's Q, Shiller P/E and AAII
data are all indicating that investors are too bullish and valuations are too
high.’ ] Wolinsky ‘I update market
valuations on a monthly basis. The point of this article is to measure the
stock market based on seven different metrics. This article does not look at
the macro picture and try to predict where the economy is headed. It only uses
these several metrics which have been very good past indicators of whether the
market is fairly valued.This month I added in GMO’s chart at the bottom. The
GMO chart shows what the firm expects different asset classes to return over
the next seven years.I collaborate with two colleagues of mine for some of the
data in this article, Doug Short of dshort.com seekingdelta click here. click to
enlarge [chart] dshort.com Numbers from Previous Market lows: Mar 2009 110.37 multpl.com [chart] http://seekingalpha.com/article/250273-monthly-market-valuation-investors-are-too-bullish-valuations-are-too-high?source=yahoo The current ten year P/E is 23.94; this
is much higher than the P/E of 22.94 from the previous month. This number is
based on Robert Shiller’s data evaluating the average inflation-adjusted
earnings from the previous 10 years. Robert Shiller stated in an interview last
week that he believes the S&P500 will be at 1430 in 2020. Shiller believes
that based on his metric the market is overvalued, and will offer subpar
returns over the next 10 years.market return calculator [chart] [chart] Mean: 16.39Numbers from Previous Market lows: Data and chart courtesy of [multpl.com [chart] SPY investors Martin Whitman [chart]interest rates
Mean:
4.35%Numbers from Previous Market lows: multpl.com
Market
Cap to GDP is currently 92.8%, which is higher than the 91.1% from last month.
Ratio = Total Market Cap / GDP
Valuation
Ratio < 50%
Significantly Undervalued
50% < Ratio < 75%
Modestly Undervalued
75% < Ratio < 90%
Fair Valued
90% < Ratio < 115%
Modestly Overvalued
Ratio > 115%
Significantly Overvalued
Where are we today (02/01/2011)?
Ratio = 92.8%, Modestly Overvalued
Stock
Market Capitalization as a percentage of GDP is another metric, albeit less
commonly used than other metrics, to value the market. Between 90-115% market
capitalization as percentage of GDP is considered modestly overvalued (we are
at the low end of the range). Based on Guru Focus data, the market should
return about 4.6% per year based on the current value.
GuruFocus
The
returns of investing in an individual stock or in the entire stock market are
determined by these three factors:
1. Business growth
If
we look at a particular business, the value of the business is determined by
how much money this business can make. The growth in the value of the business
comes from the growth of the earnings of the business growth. This growth in
the business value is reflected as the price appreciation of the company stock
if the market recognizes the value, which it does, eventually.If we look at the
overall economy, the growth in the value of the entire stock market comes from
the growth of corporate earnings. As we discussed above, over the long term,
corporate earnings grow as fast as the economy itself.
2. Dividends
Dividends
are an important portion of the investment return. Dividends come from the cash
earning of a business. Everything equal, a higher dividend payout ratio, in
principle, should result in a lower growth rate. Therefore, if a company pays
out dividends while still growing earnings, the dividend is an additional
return for the shareholders besides the appreciation of the business value.
3. Change in the market valuation
Although the
value of a business does not change overnight, its stock price often does. The
market valuation is usually measured by the well-known ratios such as P/E, P/S,
P/B etc. These ratios can be applied to individual businesses, as well as the
overall market. The ratio Warren Buffett What Returns Is the Market Likely to Deliver From This
Level? Putting all the three
factors together, the return of an investment can be estimated by the following
formula:
Investment
Return (%) = Dividend Yield (%)+ Business Growth (%)+ Change of Valuation (%)
The
first two items of the equation are straightforward. The third item can be
calculated if we know the beginning and the ending market ratios of the time period
(T) considered. If we assumed the beginning ratio is Rb, and the ending ratio
is Re, then the contribution in the change of the valuation can be calculated
from this:
(Re/Rb)(1/T)-1
The
investment return is thus equal to:
Investment
Return (%) = Dividend Yield (%) + Business Growth(%) + (Re/Rb)(1/T)-1
This
equation is actually very close to what Dr. John Hussman calculate
market valuations Warren Buffett
Historic Data:
[chart]
Tobin's Q is 1.17 compared to 1.15 from last month.
[chart]
[chart]
As
can be seen from the above charts, the market is significantly over-valued
based on Tobin's Q.The data comes from Doug Short. This is the most accurate
data that is available. It is impossible for the data to be 100% precise
because the Federal Reserve releases data related to Tobin’s Q on a quarterly
basis. The best that can be done is to extrapolate the data and try to provide
the most accurate data possible based on the change in the Willshire 5000. This
is what Doug and I did to get the current number. This method has proven extremely
accurate for calculating Tobin's Q on any given day.The current level of 1.17
compares with the Tobin's Q average over several decades of data of
approximately .72. This would indicate that the market is extremely
overvalued.In the past, Tobin’s Q has been a good indicator of future market
movements. In 1920, the number was at a low of .30, the next nine years
included phenomenal gains for the market. In 2000, Tobin’s Q almost reached a
record high of nearly 2, and the market declined subsequently about 50% by
2003.
Historic Tobin's Q:
Market
Low 1932 0.30
Market
High 1929 1.06(this is not the highest number ever reached, just the number
reached before the 1929 crash).
Average
historic Tobin's Q .72 (source: Stocks for the Long Run
In
my next monthly article, I will have more Tobin’s Q historical data.
AAII
Survey-42.00% Bullish, 23.70% Neutral, and 34.30% Bearish: (Data from January
26th 2011)
With
the collaboration of my colleague at seekingdelta, AAII
The AAII Investor Sentiment Survey
measures the percentage of individual investors who are bullish, bearish, and
neutral on the stock market for the next six months; individuals are polled
from the ranks of the AAII membership on a weekly basis. Only one vote per
member is accepted in each weekly voting period.
[chart]
[chart]
As
mentioned above, the survey results indicate investors are quite bullish. The
fact that so many investors are bullish is a contrarian warning signal.
Investors tend to get the most bullish at market tops, and bearish at market
lows.Below is AAII data from previous market bottoms (the AAII began the survey
in 1987).The charts essentially show that on average, returns have been more
favorable when bullish sentiment is below 28% vs above 50%. The 1yr avg return
when sentiment is above 50% is 1.9% vs 13.6% when sentiment is below 28%.
[chart]
[chart]
Chart
and data courtesy of seekingdelta here To Recap:
1.
P/E (TTM) - Fairly Valued
2.
P/E 10 year - Very Overvalued
3.
P/BV - Undervalued
4.
Dividend Yield - Indeterminate/ overvalued
5.
Market value relative to GDP - Moderately Overvalued
6.
Tobins Q - Extremely overvalued
7.
AAII Sentiment - Too bullish (overvalued)
8.
GMO - Overvalued
In
conclusion, the market is over-valued based on the above data. Tobin's Q,
Shiller P/E and AAII data are all indicating that investors are too bullish and
valuations are too high.However, the historical data fails to take into account
current record low interest rates. I know not many investors take issue with my
inclusion of interest rates in the equation. However, I think that investors
should look at the stock/bond alternative. Right now, you can get some blue
chip stocks with dividend yields close to the ten year treasury yield.However,
eventually the market will likely returns to normal valuation ratios as
interest rates reach more normal levels. I believe returns over the next 10
years will be sub-par (far below the 9.5% average market return). I think we
will likely see returns equal to inflation over the coming decade.Note: I have
received numerous suggestions on how to improve my monthly series. I tried to
incorporate these ideas in my current article. Please email me or leave a
comment if you would like to provide further suggestions. Stay tuned till the
beginning of next month for the next monthly valuation article.’
The
Dow at 12,000 is 'Buyer Beware' Territory Meyer ‘Well, we finally hit the 12,000 mark and
beyond on the Dow Jones Industrials Average and the end-of-the-year rally is
still upon us, as many of us on Seeking Alpha forecast .
However, this is now officially a buyer's beware market. Long term investors
probably don't need to start selling unless they need the money for short-term
purchases and debt reduction. But new investors considering buying into the
market now are fulfilling the odd-lot theory, at best, and will have a long
wait before those newly purchased shares are increasing in value enough to pay
back your broker's fees.Does anyone think we are going to eek out another 5% in
the averages this quarter? That would bring the DJIA up by more than 600 points
to 12,636.The Dow is now at pre-crash levels of 2008. Yet, we still have high
unemployment, near zero job growth, an ongoing foreclosure crisis with home
ownership at its lowest level since 1998. This wouldn't be so much of a problem
if the vast majority of Americans garnered their wealth from their real estate.
They surely do not owe their wealth to their 401k or savings accounts. Remember
when home prices were rising and rates were low? What were Americans doing?
They were going on a ludicrous shopping spree. We are still the world's largest
consumer driven economy, so as long as Main Street isn't spending, company
profits will eventually suffer. Even though that doesn't seem to be the case
now. One can imagine that companies cannot continue posting solid top line
growth if their basic customers are struggling to make ends meet. That problem
still exists in this economy, as Robert Reich pointed out his
blog Wednesday.We also have a municipal debt bomb the Feds and banks are trying
to defuse. The fundamentals are not that sound, and that tells me that this is
not the time to buy the market. Stock picking strategies of U.S. equities might
work, and certain commodity and some emerging market plays are still favorable.
But index and ETF investors looking to buy entire markets like the SPDR S&P
500 ETF (SPY ) should definitely wait for a
correction before buying at these levels. I don't see any indication now that
this market can go much higher, given those aforementioned fundamental
restraints.Here are a couple more:The BDI: Ever Hear of It? Take a look at the Baltic
Dry Index chart. It measures the worldwide price of shipping various bulk
items across the ocean. It's trading way below its 50 and 200 day moving
averages. The BDI is not a leading indicator, or a lagging indicator, of the
U.S. economy. But it warrants
some attention when the BDI chart looks like a really bad roller coaster
like it has since last summer. BDI topped out in June, bounced in July, and
began a serious decline in November. The only thing that tends to track the BDI
is the Shanghai Composite Equity Index. China is one of the world's biggest
exporters, but with costs of capital rising there, importers of Chinese goods
are being asked to pay more for their orders, causing many buyers to slow
imports. If this slower growth out of China pans out, then economists will be
revising their global GDP numbers downward. This indicator could pose to be quite
bad for equities simply because it is telling you the growth story of the
economy, which has driven the fundamentals behind the current rally, is not
sustainable at these levels. The rally continues to be a liquidity driven
momentum rally thanks to QE2. The lynchpin of the whole advance was the theme
the global economy was in recovery, but I am concerned that this important
trade index is showing us something different for the time being.DJIA vs. Gold Bull Market Peaks Is the Dow overbought? I think so, and technically speaking we are now
seeing less stocks advancing than we have when we were approaching Dow 12k.
Corporations are also busy selling their
own stock over the last
month and a half . There is an important correlation between the Dow and the
price of gold in previous bull market peaks. The Dow, as priced in gold, is
losing value as the precious metal bull continues to drive to higher prices.
For example, in 1980, one ounce of gold bought the Dow. So the ratio of one
ounce of gold to the Dow was simple: 1. Said in another way, we had an 850 Dow
Jones Industrials Average and $850.00 per ounce gold. The Dow as priced in gold
is not making new recovery highs as most people would want to believe.The first
peak in the Dow occurred on January 14, 2000 at 11,723. In late 1999 it took 45
ounces of gold to buy the Dow. Gold bottomed at $255.00 per ounce. Everyone
wanted equities and the gold-Dow ratio proved it.The second peak in the Dow
occurred on October 9, 2007 at 14,164 points. It took just 19 ounces of gold at
$750.00 per ounce to buy the market.The Dow is now trading at the 12,000 level
again on Wednesday and gold is currently $1325.00 per ounce. It now takes just
9 ounces of Gold to buy the Dow. I don't think we go to a one to one ratio, but
I would say we cut the 9 ounces ratio in half and that would likely single a
top in at least one of these markets.If we go on the premise that gold is the
ultimate money and both a storage of wealth and a hedge against inflation, then
the Dow priced in gold has been eroding in value since late 1999 when you
needed at least 45 ounces of gold to have the equivalent of the gains in the
Dow. The buying power of the dollar propelling the Dow 12k continues to lose
value as reflected in the current price of gold at $1,340.00 per ounce, and
expectations are for the euro to
rebound a bit. The Dow 12k is also occuring in an economy where job growth
remains impressively sluggish. This is a
buyer beware market when buying broad based indexes like the Dow and S&P
500. Overall, when this market does correct 5% or more, I
believe it will drag a lot of the more liquid assets down with it. I'd
recommend a hold for long term investors and a sell at these levels for
investors with short-term cash needs. We're not seeing an expansion of
volume on the advance. This market is resisting any kind of sell-off. I think
the pros are fully invested and this market is up two years in a row from the
lows so this market looks to me that it's now setting up for a reversal. Don't
add at these prices. Get your shopping list together for your sector favorites
and wait for a pull back.’
If You're Going to Do Economics, Don't Do Macro [ Truth be told, I find Mr. Falkenstein’s
article a bit too subtle and somewhat shy about getting to the point, but have
included same here solely for the reprint of William Buckley’s famous quote
which comports with my own view of the ivy league vegetable gardens which turn
out as you would expect, vegetables; viz., ‘he would prefer the first
100 names in the Boston phonebook to the Harvard faculty‘. The reality is
that ‘harvard professor’, ‘no-recession bernanke’ has given an obfuscating,
ephemeral feel good but lucrative to the few gift to the frauds on wall street
with ultimately devastatingly great cost / pain to come. ]
Drudgereport: Amanpour:
Angry mob surrounded us, shouting they hate America... WH
shuts out media; reporters file complaint... CNN
Anderson Cooper 'punched 10 times in head' by mob in Egypt.... 'Camp
David made us a slave,' Egyptian protester says... WIKILEAKS: US threats to China in military standoff over 'Star
Wars'... Student,
14, suspended for 'weapon' -- a plastic pen casing... WIKILEAKS: FBI hunts the 9/11 gang that got away... 43
Million Use Food Stamps... Dems
object to GOP gov't transparency probe... JUDGE
RULES HEALTH CARE LAW UNCONSTITUTIONAL Judge
cites Obama's own position from 2008 campaign...
Brent crude oil above $100 for 1st time since 2008... FLASHPOINT
Fighter jets swoop over Cairo in show of force... Mubarak
meets with military commanders... Generals
tell him to quit... Troops
move into Tahrir square as curfew passes... ElBaradei
joins protesters in square... Says
US 'losing credibility by the day'... Clinton
calls for 'orderly transition'... 'We're
not advocating any specific outcome'... Convicts
pour out of prisons... UPDATE:
100+ dead; 2,000 injured... Flights
out halted, tourists trapped... But
19 private jets get out... Egypt
shuts down Al Jazeera bureau... LIVE
STREAM... OBAMA
CONFUSES IRAQ WITH AFGHANISTAN... Will
be out 'by the end of this year'... Scientists
Discover: Chimpanzees mourn their dead just like humans!
11% of All
US Homes Are Now Empty...
Report:
U.S. unlikely to reach electric car goal by 2015 (Washington Post) [ I
think all benefits of doubt be given to the auto companies in terms of the
market and, ultimately, for the
following reason: {Previous: S.
American mountains hold key to electric car's future: lithium for batteries
(Washington Post) [ Well, I don’t know about electric car batteries, but it’s
reassuring to know that such american leaders in no short supply, ie., Ted
Turner, et als, will have no short supply of lithium to keep them on an even
keel (from the ups and downs from, ie., bipolar among other mental conditions).
Truth be told, I’ve not followed the ‘adventures of the electric cars’ too
closely, but concede that pollution as from gas engine cars is lessened. I know
enough about electricity and energy to know that there’s really no net gain in
terms of conservation, weening off oil, hydro, nuclear since the same are
required to produce the electricity; hence, increases in hydro / nuclear, ie.,
are necessary to change the reliance on oil (imports). } ] Obama's goal to have a 1M plug-in cars on
the road may be stymied by automaker, consumer uncertainty Israel wary of transition in Egypt, concerned
about regional stability Fresno
tackles an unusual problem (Washington Post) [ Oh come on! Let’s call
things as they are! Sputnik moment … p l e a s e , spare me the b*** s***
wobama the b. This is not ‘up, up, and away’ to bigger and better things, but
rather an industry catering to the long predicted aging baby boom population.
The structural deficits, including jobs, will continue owing to prior misguided
self-interested policy for the ‘few’.]
This California city is grappling with one of the most troubling
contradictions of the new economy: Even as it has one of the nation's highest
unemployment rates, it has thousands of job openings. Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘…
Unemployment is up again! That’s right – even though Wall Street is swimming in
cash and the Obama administration is declaring that “the recession is over”,
the U.S. unemployment rate has gone even higher ... Times are really, really
tough and unfortunately the long-term outlook is very bleak.
#1 U.S. unemployment rate for November was 9.8
percent . This was up from 9.6 percent in October, and it continues a
trend of depressingly high unemployment rates. The official unemployment
number has been at 9.5 percent or higher for well over a year at this point.
#2 In November 2006, the “official” U.S. unemployment rate
was just 4.5
percent .
#3 economists had been expecting to add about 150,000
jobs in November. Instead, it
only added 39,000 .
#4 In the US there are over 15
million people who are “officially” considered to be unemployed for
statistical purposes. But everyone knows that the “real” number is even
much larger than that…
.. biggest debt
bubble in the history of the world…our entire economy is based on
debt. Even our money
is debt . … There is a sea of red ink on every level of American
society. It is only a matter of time before it destroys our economy. IF YOU THINK THAT THINGS ARE BAD NOW, JUST WAIT. THINGS
ARE GOING TO GET A WHOLE LOT WORSE. A HORRIFIC ECONOMIC COLLAPSE IS
COMING, AND IT IS GOING TO BE VERY, VERY PAINFUL.’
#5 As 2007 began, there were just over 1 million
Americans that had been unemployed for half a year or longer. Today,
there are over
6 million Americans that have been unemployed for half a year or longer.
#6 The number of “persons not in the labor force” in
the United States recently
set another new all-time record .
#7 It now takes the average unemployed American over
33 weeks to find a job.
#8 When you throw in “discouraged workers” and “underemployed
workers”, the “real” unemployment rate in the state of California is
actually about 22 percent .
#9 In America today there are not nearly enough jobs
for everyone. In fact, there are now approximately
5 unemployed Americans for every single job opening.
#10 According
to The New York Times , Americans that have been unemployed for five weeks
or less are three times more likely to find a new job in the coming month than
Americans that have been unemployed for over a year.
#11 The U.S. economy would need to create 235,120
new jobs a month to get the unemployment rate down to pre-recession levels
by 2016. Does anyone think that there is even a prayer that is going to
happen?
#12 There are 9
million Americans that are working part-time for “economic reasons”.
In other words, those Americans would gladly take full-time jobs if they could
get them, but all they have been able to find is part-time work.
#13 In 2009, total wages, median wages, and average
wages all
declined in the United States.
#14 As of the end of 2009, less than 12 million
Americans worked in manufacturing. The last time that less
than 12 million Americans were employed in manufacturing was in 1941.
#15 The United States has lost at least 7.5
million jobs since the recession began.
#16 Today, only
about 40 percent of Ford Motor Company’s 178,000 workers are employed
in North America, and a big percentage of those jobs are in Canada and
Mexico.
#17 In 1959, manufacturing represented 28
percent of U.S. economic output. In 2008, it represented 11.5
percent.
#18 Earlier this year, one poll found that 28% of all American households had at least one member that
was looking for a full-time job.
#19 In the United States today, over
18,000 parking lot attendants have college degrees.
#20 The United States has lost a staggering
32 percent of its manufacturing jobs since the year 2000.
#21 As the employment situation continues to stagnate,
millions of American families have decided to cut back on things such as
insurance coverage. For example, the percentage of American households
that have life insurance coverage is at its lowest level in
50 years .
#22 Unless Congress acts, and there is no indication
that is going to happen, approximately 2 million Americans will stop receiving unemployment checks over the next
couple of months.
#23 A poll that was released by the Pew Research Center
back in June discovered that an
astounding 55 percent of the U.S. labor force has
experienced either unemployment, a pay decrease, a reduction in hours
or an involuntary move to part-time work since the economic downturn
began.
#24 According to Richard McCormack, the United States
has lost over
42,000 factories (and counting) since 2001.
#25 In the United States today, 317,000
waiters and waitresses have college degrees.
But this is
what we get for creating the biggest debt
bubble in the history of the world. For decades we have been digging
a deeper hole for ourselves by going into increasingly larger amounts of
debt. In America today, our entire economy is based on debt. Even
our money
is debt . … There is a sea of red ink on every level of American
society. It is only a matter of time before it destroys our economy. IF YOU THINK THAT THINGS ARE BAD NOW, JUST WAIT. THINGS
ARE GOING TO GET A WHOLE LOT WORSE. A HORRIFIC ECONOMIC COLLAPSE IS
COMING, AND IT IS GOING TO BE VERY, VERY PAINFUL.’
Dow
closes above 12,000 (Washington
Post) [ Which is a manipulated bubble and which amount is worth far less than
even 3 years ago owing to dollar debasement…
Avoid
China, short the U.S. market instead Kee ‘…The subject of international
investing begs the buy and hold theme as a result, but because that is dead,
and because risk controls are more cumbersome in foreign markets, my focus is
on proactive strategies in U.S. markets, on risk controls, and my longer term
Periodic Oscillator tells me that the economy, thanks to stimulus, is in
bubble-like territory not seen since 2000 and 2007…’ Suttmeier … Stocks remain overvalued
fundamentally according to ValuEngine with 15 of 16 sectors overvalued
Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he resorted
to media / internet blackout. Indeed, this lack of sign thing is a testament to
how far from reality 30 years has taken him, not to mention the other 52 years
that have taken their toll on his cognitive processes. Whether it is plaques
‘on the brain’ or outright senility, that he is so disengaged from the events
unfolding around him, one may only wonder how he lasted this long. Nor did his
choice of cia standin / shill, new VP Suleiman enhance his now untenable
position which leaves him as ‘done as a burnt enchilada’.
Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which
puts him and his at the top of my hypocrite list), is that the so-called elite
have orchestrated these events and ‘are in control’. First, there are no elites
in this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america particularly
(with few exceptions as I’ve discussed elsewhere / comments / my website), are
inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
Avoid
China, short the U.S. market instead Kee ‘…The subject of international
investing begs the buy and hold theme as a result, but because that is dead,
and because risk controls are more cumbersome in foreign markets, my focus is
on proactive strategies in U.S. markets, on risk controls, and my longer term
Periodic Oscillator tells me that the economy, thanks to stimulus, is in
bubble-like territory not seen since 2000 and 2007…’
New
Monthly Value Levels, Pivots, and Risky Levels Editor's Note: This article was written by Richard Suttmeier,
chief market strategist at ValuEngine.com …
The Dow Industrial Average shows monthly and
annual value levels at 11,759 and 11,491 with weekly and daily risky
levels at 11,959 and 12,005. The S&P 500 has quarterly and monthly value
levels at 1262.5 and 1247.6 with daily and weekly risky levels at 1293.7
and 1308.5. The Nasdaq has a monthly value level at 2611
with a daily pivot at 2700 and weekly and quarterly risky levels at 2769
and 2853. The Dow Transports has a quarterly value level
at 4671 with monthly and daily pivots at 4962 and 4991 and weekly and
annual risky levels at 5104 and 5179. The Russell 2000 shows quarterly and monthly
value levels at 765.50 and 741.74 with daily and annual pivots at 777.01
and 784.16 with a weekly risky level at 809.88. Following the Dow look for continued strength as
long as closes are above my monthly value level at 11,759. A close below
11,759 targets the annual value level at 11,491.
The FDIC closed a total of 157 banks in 2010; 41
in the first quarter, 45 in the second quarter, 41 in the third quarter
and 30 in the fourth quarter. 25 banks failed in 2008 140 banks failed in 2009 with a peak of 50 in
the third quarter 157 banks failed in 2010 11 banks have failed year to date in 2011 333 banks have failed since the end of 2007 I still predict 500 to 800 bank failures
in total by the end of 2012 into 2013.
FSNM
Persistent Pattern: Stocks Like Early Days Of The
Month ]
Is
the Market Headed for a Sell-Off? Zaky [ Yes … I agree, except that fundamentally the longer term
prospects are even worse than his bearish outlook suggests (don’t forget the
debasement of the dollar, manipulation, and spending / printing money the nation
doesn’t have in real terms behind this manipulated uptick) and summarized as
follows: ‘I suspect that this rally is on its very last legs. We should see a
very healthy 10% or so correction within the next 1-2 week period ... This
market is headed for a sell-off. ]
2011
Update: Another Lost Decade for Stocks - Are You Prepared? [ I agree that
this is but a (manipulated) bull cycle in a secular bear market with
substantially worse to come! ]Kopas ‘In February 2010, we published an article
on Seeking Alpha entitled “Another Lost Decade for Stocks - Are You Prepared?
The
first benchmark we monitor is U.S. stock prices adjusted for inflation. In this
chart below, we compare the U.S. stock market to the Shiller 10-year
Price/Earnings ratio. This P/E ratio is an indication of investor confidence; a
lack of that signals extreme valuation levels. Our conclusion is
that investor psychology is still too optimistic and has a long way to go
before reaching an undervalued stock market level.
[chart] click to enlarge
Updating
our duration and valuation benchmarks, again we find progress,
but not yet achieving the truly undervalued levels we expect to see toward the
end of a secular bear market. Based upon previous cycles, it appears we are
only slightly past the half way mark in terms of years, number of recessions,
and valuations. A look at our chart and table comparing this to earlier secular
bear markets illustrates our conclusion. We expect that a major bottom for
inflation adjusted stock prices is still years away before stocks finally
gravitate toward the target area outlined below.
[chart]
New
Benchmark: Tobin Q Ratio
In
this update we introduce another relative valuation benchmark created by Yale
economics professor and Nobel laureate James Tobin, hence the name Tobin’s Q
Ratio. The Q ratio is calculated as the total value of the stock market divided
by the replacement cost of all its companies. Values greater than 1 indicate
stock prices sell above their replacement cost and are therefore “expensive.” A
reading below 1 indicates stocks can be bought below replacement cost and
therefore indicates that it is cheaper to buy a company than to build one.
A
long-term view of the Q ratio gives investors a good understanding of value,
information about current risk levels and a method to assess probable returns
for the long term. Secular bear markets historically bottom when the Q ratio
declines to a bargain level less than .4, meaning stock prices sell for just
40% of replacement value. Today’s reading of 1.03 is above the average reading
of .75 and considerably higher than the average secular low reading of .33. Investors
beware; stocks have considerable more downside potential before the Q ratio
truly reflects a great valuation. Buy and Hold tactics will continue to
frustrate investors, just as they have in the past decade.
[chart]
In
conclusion, none of the benchmarks we evaluate indicate we are anywhere close
to a secular stock market bottom yet. In the meantime, a prudent and profitable investment
strategy should be flexible enough to actively adjust portfolio asset
allocation, depending on where we are in the business cycle and the direction
of the secular trend.’
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. This is particularly evident in
their attempt to cash in on that superstitious scam known as the ‘January
effect’ by way of these manipulated bubble-making buy programs; you know,
loosen / soften the suckers up for the coming year’s new fraud / scam. ] The
'January
Effect Market Kumar ‘…January of 1929, for example, was
off to a brisk start as the Dow Jones Industrial Average climbed to 317 from
307. But investors would be slammed later in the year by a historic stock
market crash that heralded the start of the Great Depression. January of 1987,
too, began nicely. The Dow climbed to 2160 at the end of the month after
starting out at 1927. But Black Monday
would hit investors in October of that year, leading to the sharpest historical
stock market decline in percentage terms. More recently, January 2001 had a
strong showing when the Dow Jones finished the month at 10,887 after starting
at 10,646. Those reading it as an auspicious beginning would be hit first by
the further fallout from collapse of the dot-com bubble and then the massive
decline following the September 11 terrorist attacks. See
full article from DailyFinance: http://srph.it/cyaPDT
‘… Then, more recently there’s ‘ The stock market scored a strong gain
and locked in its first positive finish for January since 2007 (we all know
what happened after that! Crash!) with help from the energy sector, which
climbed sharply in response to a spike in oil prices.(Yahoo/Briefing.com) …
Higher oil prices … riiiiight! … that sounds bull(s***)ish … on fraudulent wall
street. ]
Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which
puts him and his at the top of my hypocrite list), is that the so-called elite
have orchestrated these events and ‘are in control’. First, there are no elites
in this world; you can’t derive elites from apes, nordochords, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
Bilderberg puppet master Kissinger warns that the uprising is a temporary state
of affairs, “only the first Scene of the first act of a drama that is to be
played out.”
Drudgereport: WIKILEAKS: FBI hunts the 9/11 gang that got away... Student,
14, suspended for 'weapon' -- a plastic pen casing... JUDGE
RULES HEALTH CARE LAW UNCONSTITUTIONAL Judge
cites Obama's own position from 2008 campaign...
Brent crude oil above $100 for 1st time since 2008... FLASHPOINT
Fighter jets swoop over Cairo in show of force... Mubarak
meets with military commanders... Generals
tell him to quit... Troops
move into Tahrir square as curfew passes... ElBaradei
joins protesters in square... Says
US 'losing credibility by the day'... Clinton
calls for 'orderly transition'... 'We're
not advocating any specific outcome'... Convicts
pour out of prisons... UPDATE:
100+ dead; 2,000 injured... Flights
out halted, tourists trapped... But
19 private jets get out... Egypt
shuts down Al Jazeera bureau... LIVE
STREAM... OBAMA
CONFUSES IRAQ WITH AFGHANISTAN... Will
be out 'by the end of this year'... Scientists
Discover: Chimpanzees mourn their dead just like humans!
11% of All
US Homes Are Now Empty...
On
economy, Obama takes a new role: cheerleader (Washington Post) [ No! That’s
not what he was elected for; besides, he just ain’t pretty enough (though you get
the impression that he thinks he is, in a very quiffy kind of way. Thanks, but
no thanks; that may sound good, but at this point, too little, too late for
america. Action, not words, wobama the b (for b*** s***). While figuratively,
‘nut and bolts’ are okay, it’s really ‘pencils, paper, and magnifying glasses’
for scrutinizing and correcting the structural defects (are you willing to pay
twice as much for the same products produced elsewhere, pay for the frauds on
wall street, pay for the rich over-compensation packages of corp. execs, pay
for the endless wars, pay for the richly accoutered capital hill / lifetime
appointee / federal employees (law enforcement excepted), etc.) and a
magnifying glass to discern the foregoing.
] The President has become the host of what feels like a looping
infomercial on American innovation. Russia's Ryabkov on U.S.-Russia relations:
'We can offer tangible results, and we will do more in the future' Well, I don’t know
about diplomatic relations (one can only hope), but if it’s sexual relations,
what’s not to like … about Russian girls … They’re total babes! Back to the
diplomatic front, I’ve grown a bit partial to the rationality of the Russian
leadership based not solely on what they say (defacto bankrupt america talks
about peace, but directly and through proxies, ie., israel, etc., is war
mongering, war facilitating, war profiteering on multiple fronts and killing
many innocent children, women, and men; and of course my own experience with
american meaningfully lawlessness, infra, etc., ), but what they do (Russia’s engaged in no wars, made the
transition from communism to present without violence, finds time to preserve
‘The Siberian Tiger’, etc., and is not
a hypocrite regarding professing to be a nation of meaningful laws as america
disingenuously purports to be, etc.) previous: Wall
Street firm targets District-based energy practice (Washington Post) [ From
one corrupt sinkhole (d.c. / no. virginia) to another, perhaps the largest (
wall street/new york/jersey/ct. metro); ho, hum. The pervasively corrupt american illegal system …
corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments
should be abolished, which corrupt entities are unheard of in productive
societies as China, Japan, etc.. Time to abolish these drags on society and
eliminate their lifetime stipends and costly bureaucracies. Rules of law mean
nothing to these typically corrupt americans. Most, including sam alito of the
u.s. supreme court, concerning drug money laundering and obstruction of
justice in the 3rd circuit ( also maryanne trump barry who
covered-up drug money laundering through her brother’s casinos in a civil RICO
case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money,
personal money, big, cash, untraceable money. The fog of war is great for such
things (360 tons $100 bills flown into Iraq and missing, etc.). CBS
declines to run ad submitted by NFL players union (Washington Post) [ As I’ve previously mentioned, I seldom
comment on sports matters and don’t for a minute profess to even know the
issues involved in this dispute. That said, I feel compelled to emphasize for
what it’s worth in terms of this conflict, that like no other time before in
the history of football and without any prospect of being less so on the
horizon, pro football today is absolutely no joke. Those guys are big, and
strong, and powerful and one can only wonder of the aches, pains, long-term
injuries ‘the day after’. ] Union
officials suggest the ad was pulled in deference to the networks' financial
ties to the NFL. Exxon
Mobil's profit soars, along with crude oil prices (Washington Post) [ And, you forgot to mention, along with stock
prices; right, in fraudulent wall street speak, the higher oil prices on
debased dollar and insurmountable national debt rally. Incredibly, Japan’s debt
has been down-graded (before u.s. debt) and compared to defacto bankrupt
america, they’re as flush (with liquid reserves) as a over-flushed toilet. Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. This is particularly evident in
their attempt to cash in on that superstitious scam known as the ‘January
effect’ by way of these manipulated bubble-making buy programs; you know, loosen
/ soften the suckers up for the coming year’s new fraud / scam. ] The
'January
Effect Market Kumar ‘…January of 1929, for example, was
off to a brisk start as the Dow Jones Industrial Average climbed to 317 from
307. But investors would be slammed later in the year by a historic stock
market crash that heralded the start of the Great Depression. January of 1987,
too, began nicely. The Dow climbed to 2160 at the end of the month after
starting out at 1927. But Black Monday
would hit investors in October of that year, leading to the sharpest historical
stock market decline in percentage terms. More recently, January 2001 had a
strong showing when the Dow Jones finished the month at 10,887 after starting
at 10,646. Those reading it as an auspicious beginning would be hit first by
the further fallout from collapse of the dot-com bubble and then the massive
decline following the September 11 terrorist attacks. See
full article from DailyFinance: http://srph.it/cyaPDT
‘… Then, more recently there’s ‘ The stock market scored a strong gain
and locked in its first positive finish for January since 2007 (we all know
what happened after that! Crash!) with help from the energy sector, which
climbed sharply in response to a spike in oil prices.(Yahoo/Briefing.com) …
Higher oil prices … riiiiight! … that sounds bull(s***)ish … on fraudulent wall
street. ] ] Exxon Mobil's fourth-quarter
profit soared 53 percent thanks in large part to higher crude oil prices, which
jumped Monday to their loftiest levels since 2008. Mubarak
seeks dialogue, shows no sign of relenting Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. ]
Unlike other successful democratic uprisings, this one lacks charismatic
personalities and any clear agenda beyond ousting Mubarak, elections.
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. This is particularly evident in
their attempt to cash in on that superstitious scam known as the ‘January
effect’ by way of these manipulated bubble-making buy programs; you know,
loosen / soften the suckers up for the coming year’s new fraud / scam. ] The
'January
Effect Market Kumar ‘…January of 1929, for example, was
off to a brisk start as the Dow Jones Industrial Average climbed to 317 from
307. But investors would be slammed later in the year by a historic stock
market crash that heralded the start of the Great Depression. January of 1987,
too, began nicely. The Dow climbed to 2160 at the end of the month after
starting out at 1927. But Black Monday
would hit investors in October of that year, leading to the sharpest historical
stock market decline in percentage terms. More recently, January 2001 had a
strong showing when the Dow Jones finished the month at 10,887 after starting
at 10,646. Those reading it as an auspicious beginning would be hit first by
the further fallout from collapse of the dot-com bubble and then the massive
decline following the September 11 terrorist attacks. See
full article from DailyFinance: http://srph.it/cyaPDT
‘… Then, more recently there’s ‘ The stock market scored a strong gain
and locked in its first positive finish for January since 2007 (we all know
what happened after that! Crash!) with help from the energy sector, which
climbed sharply in response to a spike in oil prices.(Yahoo/Briefing.com) …
Higher oil prices … riiiiight! … that sounds bull(s***)ish … on fraudulent wall
street. ]
Don't
Blame Egypt for Friday's Sell-Off
Janjigian ‘…many problems remain. The federal budget deficit is too
large and the government is carrying too much debt. States and municipalities
are drowning in public pension obligations. The unemployment rate is improving,
but much too slowly. Mortgage delinquencies and foreclosures remain too high,
there are too many homes available for sale, and housing prices remain
depressed. Worldwide inflation is on the rise. There are even problems at the
corporate level. Yes, corporate profits are strong, but the same cannot be said
for sales. Many companies are reporting anemic growth on the top line at best.
Others continue to see revenues decline. Corporations are squeezing more
profits from fewer sales only by aggressively cutting costs. This kind of cost
cutting cannot go on forever. All businesses eventually reach a point where
more profits can be produced only from more sales. Most are probably at that
point already... A 10 percent correction should not surprise anyone...’
Is
the Market Headed for a Sell-Off? [ Yes … I agree, except that fundamentally the longer
term prospects are even worse than his bearish outlook suggests (don’t forget
the debasement of the dollar, manipulation, and spending / printing money the
nation doesn’t have in real terms behind this manipulated uptick) and
summarized as follows: ‘I suspect that this rally is on its very last legs. We
should see a very healthy 10% or so correction within the next 1-2 week period
... This market is headed for a sell-off. ] Zaky ‘As the market scrutinizes
President Obama's State of the Union Address, and looks to Bernanke & Co.
for any signs as to when the Federal Reserve's inflationary stance toward
monetary policy might be coming to an end, the Dow Jones Industrial Average
(DJIA) will be attempting its 9th consecutive weekly gain for the first time
since 1995.For the past 20 years, the Dow has managed countless 8-week rallies
which have tended to almost always end very poorly on the 9th week. The only
other time we've seen the Dow rally for 9 straight weeks was in the period
between January and March 1995. Before that, we would have to go to the 1980's
to find a 9 week period of consecutive gains.So the big question this week will
be whether the Dow can buck the 8-week trend or whether we'll see a sell-off to
end the week and the Dow streak at 8. What one should notice is how incredibly
weak the overall market tends to become after 8 weeks of straight gains.
Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics
professor at Boston University. He says the Treasury and the government are
fudging the national debt numbers. Kotlikoff says the United States is bankrupt
and we don’t even know it.
Egyptian
capital teeters on anarchy Mubarak
asks cabinet to resign as anti-regime protests intensify In
Egypt: Access denied (Washington Post) [The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP) - AP - In its effort to silence protesters,
Egypt took a step that's rare even among authoritarian governments: It cut off
the Internet across the entire country. Mubarak fires Cabinet, defends army’s efforts Sat, 29 Jan 2011 00:20:58 GMT Egyptian
President Hosni Mubarak dismisses his Cabinet, calls on the army to help put
down rising potests... Egypt's Mubarak sends in army,
resists demands to quit (Reuters) ]
Embattled leader's move falls far short of demands that he give up his 30-year
authoritarian rule, leave the country and permit fresh elections.
Israel
watches Arab turmoil closely, but comments cautiously Washington
Post) [ Illegal nuke-totin’ war crimes nation israel, watch this closely since
the same was a long time coming … GOP senator favors cutting US aid to Israel (AP) ( Now this is a great and long overdue idea
that might also lead to enhanced peace efforts for the region; b e c a u s e ,
israel will have less money to waste on provocative and costly (particularly to
america financially and geopolitically) war games. ) AP - Tea party-backed
Republican Sen. Rand Paul favors cutting U.S. aid to Israel as part of a
deficit-driven effort to slash government spending by $500 billion this year,
drawing criticism from Dems (and capital hill generally as Buchanan once
described as israeli occupied territory, to america’s detriment) ... Rand Paul: End Aid to
Israel Pressed on CNN’s Situation Room about details on his budget cut
plans, Sen. Rand Paul (R-Ky.) says end all foreign aid–and when pressed further
says that includes to Israel. ]
Economic
growth strengthened (Washington Post) [ Wow! Mr. Irwin’s back to his
glass very much half full ways. The question is, is Mr. Irwin trying to
convince himself, or disingenuously trying to convince his readers. After all,
in reality, they’re really hasn’t been sufficient ‘bang for the buck’ (Fed
Continues Failed Monetary Policy Suttmeier, chief market strategist at
ValuEngine.com
‘Fed Is Continuing a Failed Monetary Policy (And,
amazingly, their rationale is the same failed rationale that preceded the last
bubble, as now, crash, as will, that was spun by senile greenspan that wall
street frauds / insiders sold into; you know, that so called wealth effect
which in reality is theirs not yours; viz., their gain, your pain.)
Information received since the Federal Open
Market Committee met in December confirms that the economic recovery is
continuing, though at a rate that has been insufficient to bring about a
significant improvement in labor market conditions. Growth in household spending picked up late last
year, but remains constrained by high unemployment, modest income growth,
lower housing wealth Business spending on equipment and software is
rising, while investment in nonresidential structures is still weak.
Employers remain
reluctant to add to payrolls. The housing sector continues to be depressed.
Although commodity prices have risen, longer-term inflation expectations have
remained stable, and measures of underlying inflation have been trending
downward . )
Moreover, and most importantly, those are more than just in short supply;
they’re not really there! ( Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics
professor at Boston University. He says the Treasury and the government are
fudging the national debt numbers. Kotlikoff says the United States is bankrupt
and we don’t even know it. BRACE
YOURSELF: Moody’s Basically Just Threatened To Downgrade The US A day after
S&P downgraded Japan’s debt, the attention turns to the US.
)] Data show that the recovery is becoming deeper and broader.
U.S.
stocks drop sharply as protests intensify in Egypt (Washington Post) [Egypt
riots knock Wall St to biggest drop in 6 months (Reuters) In
Egypt: Access denied (Washington Post) [The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP) - AP - In its effort to silence protesters,
Egypt took a step that's rare even among authoritarian governments: It cut off
the Internet across the entire country. Mubarak fires Cabinet, defends army’s efforts Sat, 29 Jan 2011 00:20:58 GMT Egyptian
President Hosni Mubarak dismisses his Cabinet, calls on the army to help put
down rising potests... Egypt's Mubarak sends in army,
resists demands to quit (Reuters) ]
Unrest in Egypt has
been ongoing all week, but the Internet only seemed to take notice when it
affected the Internet. The chilling aspect of an Internet clampdown is the
assumption that lies behind it: If you will not let your people tweet, what
else will you not let them do?
Regulators
shut banks (11 so far in 2011) in Colo,
NM, Okla, Wis
The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP) Internet cutoff fails to silence Egypt protests (AP) - AP - In its effort to silence protesters,
Egypt took a step that's rare even among authoritarian governments: It cut off
the Internet across the entire country.
Mubarak fires Cabinet, defends army’s efforts Sat, 29 Jan 2011
00:20:58 GMT Egyptian President Hosni Mubarak dismisses his Cabinet,
calls on the army to help put down rising potests... Egypt's Mubarak sends in army, resists demands to quit (Reuters) - 1 hour agoReuters - Egyptian President
Hosni Mubarak refused on Saturday to bow to demands that he resign after
ordering troops and tanks into cities in an attempt to quell an explosion of
street protests again...
Egypt
riots knock Wall St to biggest drop in 6 months (Reuters) – [ No! That’s not correct! They probably would
like you to think that … some unforeseeable problem from out of nowhere
deflating their contrived fraudulent bubble that they always manage to sell
into. But the fact is the market’s overvalued to a point again beyond the pale
… another inflated point that the wall street frauds always seem to find some
reason other than the reality of a fraudulently manipulated overvalued bubble
to sell into. ] Reuters - Stocks suffered their biggest one-day loss in nearly
six months on Friday as anti-government rioting in Egypt prompted investors to
flee to less risky assets to ride out the turmoil.
GOP senator favors cutting US aid to Israel (AP) [ Now this
is a great and long overdue idea that might also lead to enhanced peace efforts
for the region; b e c a u s e , israel will have less money to waste on
provocative and costly (particularly to america financially and geopolitically)
war games. ] AP - Tea party-backed
Republican Sen. Rand Paul favors cutting U.S. aid to Israel as part of a
deficit-driven effort to slash government spending by $500 billion this year,
drawing criticism from Dems (and capital hill generally as Buchanan once
described as israeli occupied territory, to america’s detriment) ... Rand Paul: End Aid to
Israel Pressed on CNN’s Situation Room about details on his budget cut
plans, Sen. Rand Paul (R-Ky.) says end all foreign aid–and when pressed further
says that includes to Israel.
FCIC
Done; Lets Banksters Skate: Dave's Daily ‘The Financial Crisis Inquiry
Commission (FCIC), after months of investigation, concluded this entire
mortgage crisis was avoidable. Whew! Who knew?!? Bank stocks were up today
despite some suggestion from the commission report of some criminal referrals.
It must not have been any of Da Boyz at Goldman unless they're going after
maintenance staff. Some of the elite are getting steamed as Jamie
Dimon lost his cool while sipping Perrier at a panel in Davos. He didn't
say he was doing "God's
work," just not Satan's. Meanwhile back at Wall & Broad markets
did little overall with most excitement centered on NFLX which beat the pants
off earnings estimates and rose a modest 15%. Also higher were semi's and GE.
More POMO
on Thursday which is something we'll just have to get used to until June unless
there's QE3. Economic data was disappointing as Jobless Claims soared and
Durable Goods orders fell. Pending Home Sales were high but on must wonder how
much of these were foreclosure resales as this activity reached new highs last
month. Gold was knocked down sharply through what we've estimated as technical
support as investors are scrambling out of its safe-haven appeal and into
stocks...so
it's said . Most commodities were dragged lower by this action. Just at the
close MSFT reported disappointing results and after the close AMZN did the same
with the stock now down over 10% as this is written. We did an interview with Tony Davidow,
Managing Director, Portfolio Strategist, Rydex SGI Investments where we
discuss equal weight sectors including their new emerging market equal weights
which should prove interesting. Volume was once again quite light but breadth
was positive per the WSJ.’
Paulson's
$5 billion payout shocks, raises questions (Reuters) [ Shock? Come on …
everyone knows that crime in america pays … and pays well! ]
Jobless
Claims Rise to Highest Level Since October [ Jobless claims much worse than
expected … stocks rally. ] NEW YORK (TheStreet ) -- The number of Americans filing unemployment
claims rose to its highest level since October last week, the Labor Department
said early Thursday. The advance figure for seasonally adjusted initial claims
increased by 51,000 to 454,000 in the week ended Jan.22 after dropping to
403,000 in the previous week. Economists were expecting initial claims to rise
to 410,000, according to consensus estimates from Briefing.com . The
number of Americans filing continuing claims -- those who have been receiving
unemployment insurance for at least a week -- came in higher than expected as
well at 3.99 million for the week ended Jan.15, an increase of 94,000 from the
previous week's revised figure of 3.89 million. Consensus estimates projected
continuing claims to drop slightly to 3.83 million from 3.86 million reported
the previous week…’
Earnings Drag Dow Down to Another 12000 Closing Miss …Orders for goods expected to last at least three
years fell and a reading of manufacturing activity in the Federal Reserve Bank
of Kansas City's district slowed sharply in January…Japan's long-term credit
rating to double-A-minus from double-A, citing concerns over the country's high
debt levels…better-than-expected reading of pending sales of existing homes
(foreclosures / distressed sales – Drudgereport: Foreclosure
activity up across metro areas... ), coupled with
a surprisingly large jump in jobless claims didn't add clarity to the economic
outlook (dismal) …
Microsoft's
Windows disappoints as PC sales wane (Reuters)
Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics
professor at Boston University. He says the Treasury and the government are
fudging the national debt numbers. Kotlikoff says the United States is bankrupt
and we don’t even know it.
Peter Schiff: FCIC is a
sham! The Financial Crisis Inquiry Commission report on the 2008 financial
crisis will spread the blame all around to everyone from federal regulators to
corporate overseers to all kinds of government officials. But is it all for
show? Peter Schiff, the president of Euro Pacific Capital argued the entire commission
was a $10 million sham designed to conclude the government’s own pre-conceived
notions. The report said the crisis was the result too few government
regulations, when in fact government regulations caused the problem, he
contended.
US
Crisis Blame & Shame: Banksters still on Easy Street A report on causes
of the recent global financial crisis has sparked anger over the authors of the
meltdown. The document released by a US investigative commission, points finger
at the country’s economic elite. But, as RT’s Lauren Lyster reports, previous
experience showed those responsible are likely to go unpunished.
BRACE
YOURSELF: Moody’s Basically Just Threatened To Downgrade The US A day after
S&P downgraded Japan’s debt, the attention turns to the US.
Drudgereport: USA 'SECRETLY BACKS UPRISING'
Egyptian
President Mubarak asks Cabinet to resign... Tanks
Sent Into Cairo... Explosions,
Gunfire Heard as Protesters Defy Curfew... Cities
become battlegrounds... Police
members remove uniforms -- join protests... Dramatic
video as thousands clash... LIVE
STREAM... Axelrod:
Obama Has 'Directly Confronted' Mubarak for Past 2 Years 'To Get Ahead of
This'... Iran
Sees Rise of Islamic Hard-Liners in Arab Lands...
Spain
jobless rate surges to 20.33%... GDP 4TH
QTR: 3.2%... Less
than expected; stocks slide... NASDAQ
outage leaves traders scrambling...
Egyptian
Strife Sends Oil Close To $100 On Suez Canal Closure Fears...
WH:
Obama has not tried to talk to Egyptian ruler... Lobotomy
joe biden weighs in with his somewhat stretched political philosophy: Mubarak's
no dictator, shouldn't step down... Egyptian
Police Using U.S.-Made Tear Gas AgainstDemonstrators... Egypt
Shows How Easily Internet Can Be Silenced... PAPER:
Events 'moving too fast for Obama administration'... Iranian
Media Hail Egypt 'Revolution'... Thousands
protest in Jordan, demand PM step down... Huge
anti-government protest in Albania... NY
mob task force spends 6 MONTHS probing 50-cent sausage heist... As with cuomo, you won’t see new york / mob infested
new jersey trying too hard if at all to hurt themselves by prosecuting mob
which is so integrally a part of both states… ‘On the mobbed-up docks of Bayonne , the
six-month probe was known as Operation Missing Link.Its target: A suspect who
swiped a $2 bottle of iced tea and used it to wash down a stolen 50-cent piece
of sausage - the lost link that left a bad taste in everybody's mouth, sources
told the Daily News.An investigation of the penny-ante heist was ordered by the
Waterfront Commission, the agency charged with policing the docks for mob corruption,
drug smuggling and other major crimes, the sources said.The investigation
included scores of interviews over countless hours dating to last August,
sources said - even though the victim was reluctant to press charges."It's
like Capt. Queeg and the strawberries," said New
Jersey state Sen. Raymond Lesniak , a harsh critic of the bistate
commission."It's a $2.50 ongoing investigation."One of the sources
was more blunt: "The whole investigation is bull----. It's a waste of
manpower, money and resources."Waterfront Commission General Counsel
Phoebe Soriel, while declining to address specifics, said the case was more
complex than it appeared."While the commission does not comment on pending
investigations, it takes any theft in the port seriously - especially theft
involving extortion," she said without going into detail.The reported
value of the stolen goods - a handful of change - is a microfraction of the
$200 billion that moves annually through the ports of New York
and New Jersey.The overkill began when the commission received an anonymous tip
that someone filched the drink and the sausage from a food truck catering to
dock workers.According to two sources, the case was quickly wrapped up: The
thief confessed to the crime, and the victim said an arrest was unnecessary.The
victim "didn't want to see him behind bars...just wanted him to
stop," one source said.But top commission officials, convinced its
investigators mishandled the case, ordered a second probe with every possible
witness reinterviewed, the sources said.Investigators from the 58-year-old
agency returned to the docks and conducted about 80 second interviews, all the
while cranking out piles of paperwork, the sources said.The commission was
blasted in August 2009 - one year before the sausage investigation was launched
- as home to corrupt execs barely better than the waterfront's notorious
mobsters.Officials were accused in a damning 60-page report of misusing
Homeland Security money, keeping a convicted crook in business and surfing the
Internet for porn.The iced-tea-and-sausage probe - which has yet to wrap up -
is considered an embarrassment among investigators and dock workers."They
snicker about it," one of the sources said.’
The FBI’s the only
serious anti-mob game in town: FBI
'largest' Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
The Mafia
family tree: FBI flowchart reveals [ This is a very big deal! http://albertpeia.com/mafiafamilytreeflowchartFBIarrests.htm ]
Car
bomb kills dozens (Washington Post) [ Ah, yes! Signs of american style democratization in the middle
east popping out all over. The other turmoil is testament to the fact that
other mideast nations have complacently sat back as zionist israel / american
‘adventurism / war / war crimes / war profiteering have taken their toll on the
region, their people, and their aspirations which like all such action outside
a vacuum, have reactions. ] At least 48 were killed and 121 wounded when a
booby-trapped car exploded outside a funeral tent in a Shiite neighborhood of
northern Baghdad, escalating an upsurge of violence across the country.
New
research points to earlier human migration out of Africa (Washington
Post) [ This is hardly breakthrough
news inasmuch as the same has been reported with authority in as far back as
2005 4th edition Michael Alan Park text; viz., ‘…fossils (of) the
first fully modern Homo Sapiens are found in Africa and Southwest Asia
beginning around 160,000 years ago.’ Truth be told, I find such fine lines in
this truly sad tale of the history of man to be relatively unimportant.
Interestingly, coincidentally, the Drudgereport this day includes this
headline: DNA:
Humans 97% same as orangutans … 98% same as chimps ... For decades, the consensus scientific opinion has
held that anatomically modern humans first migrated out of Africa some 60,000
years ago, heading north into the eastern Mediterranean region and then on to
Europe and Asia.
Anthropologists adopt a more favorable view
of Neanderthals (Washington Post) [ Well, I’m a bit
surprised and somewhat disappointed that with a little more effort, rather than
rely upon inference, they could have taken a trip to the new york / new jersey /
connecticut metropolitan area (etc.) and observed directly these lower italian
modern-day archaic humans! Then there are the other modern day archaics /
ape-like creatures that warrant greater scrutiny. ] "What
this means is that Neanderthals are not totally extinct. In some of us, they
live on ," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the distinction,
without a difference). Actually, prior to studying the compelling subject
of Biological Anthropology (Michael Park text), I too had some misconceptions
about the group known as Neandertals (recent spelling drops the ‘h’) and
actually mis-referenced same by the stereotypical image of members of said
clade even as the debate continues as to whether they are within the species
homo sapiens or a separate species. I believe these to be distinctions without
important differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi Klum thinks
on the subject. Signs of Neanderthals Mating With Humans Neanderthals mated with some modern humans
after all and left their imprint in the human genome. Genome
hints humans, Neanderthals rolled in prehistoric hay
You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals
and people interbred, fossil analysis finds For more info on man’s
humble beginnings, see
here
http://www.albertpeia.com/anthroindex1.htm [ I’m adding this here, having seen while
flipping channels an anthropologist talking up somewhat speciously the brain
size of Neanderthals. The important but missed point here was potential
‘brain-power’ unrealized. Think of it this way: In the life-threateningly cold
climes they inhabited, pre-occupation with warmth, fire, wood for fire, food,
mere survival usurped all their waking moments. Have you ever tried to study,
learn, think clearly (and new thoughts / neurogenesis thereby) under such harsh
and perilous conditions; successfully? Neither could they. ]Previously
I wrote: FOUND: MISSING LINK BETWEEN APES AND MAN.... [To the
Professor at the beginning of the course]
10-5-09
Postscript: Professor *****,
[Interestingly, my intuitive (but unstudied) thoughts prior to
closer examination of the compelling subject of Biological Anthropology remain
what I believe to be the correct scenario. Specifically, very simply stated,
for the most part, the more “enlightened” (but not by much; by mutation,
accident, luck, intervention, etc.) left the unvarying confines of their
Sub-Saharan origins, experienced diverse new environs, challenges, etc.,
experienced what has been described (by neuroscientists, psychologists, etc.)
as neurogenesis in varying degrees and forms thereby over time, which trait was
selected for and is consistent with the purported multi-regional evolutionary
model which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very humbling and
sorrowful tale of the “dawn of man”.] U.S.
must cut deficit, IMF warns (Washington Post) [ Duuuuuh! Ya’ think? CBO:
This year's budget deficit to hit $1.5T
Washington Post (Why
the CBO may not believe all its own deficit projections Christian
Science Monitor CBO:
Social Security to run permanent deficits (AP) No
stemming red ink: Federal deficit to hit $1.5T (AP) Deficit Outlook Darkens Wall Street Journal -
WASHINGTON—The federal budget deficit will reach a record of nearly $1.5
trillion in 2011 due to the weak economy, higher spending and fresh tax cuts,
congressional budget analysts said, ... Social Security now seen to run permanent deficits The Associated Press ) The nonpartisan budget agency
predicts the deficit will drop to $1.1 trillion next year. ]
The IMF warning comes as federal officials grapple with a congressional
projection this week that the annual deficit will reach a historic $1.5
trillion this year. This is the latest report to raise concerns about how
massive government debts in developed countries could undermine the global
economic recovery.
Report
points to U.S. regulators and big banks for economic crisis (Washington
Post) [ Come on! Wake up! … ‘failed to restrict their risky activities’ ,
‘pivotal failure to stem the flow of toxic mortgages’, etc.,… Of course not!
Why? Because this was intentional and an integral part (the bubble) of the
largest fraud in the history of this world (still ongoing with those toxic
assets / paper / securities now marked to anything as per legislated FASB rule
change, cashed out by the perps, and as yet, despite promises by wobama et als,
still unprosecuted). Though among the greediest but hardly the brightest bulbs
on the planet, the wall street frauds certainly were savy enough to understand
all aspects and mechanics of this fraud in real time. Quite simply, they did it
for the money, big money. This was a huge orchestrated securities fraud that
made huge profits / gains for the perpetrators at great expense / damage to
this among other nations. ] Krauthammer:
The
old Obama in new clothing (Washington Post) [ The truly sad thing is that
journalists / commentators as Mr. Krauthammer even waste their time pointing
out the obvious; viz., that wobama is an egregiously flawed man, failed
president, and a global embarrassment. Previous: Obama,
unbending Gerson: The
president's tone has changed, but he has not.
(Washington Post) [ Come on! How can anyone discuss ‘wobama the b’ (for
b*** s***) as a serious ideologue when the reality is that he’s just utter and
total b*** s*** … by what he does, not what he says … he stands for nothing!
Previous: Grading
the SOTU / Robinson (Washington Post) [ I say this sincerely and without
even a tinge of sarcasm that anyone who even watched / listened to wobama’s
‘speech’ should be embarrassed / ashamed of themselves (not that I listened to
dumbya bush’s either). The grade is ‘f’ as in failure as is his failed
presidency, as in ‘f’ himself. Wobama is but a pathetic b*** s*** artist and a
total embarrassment! Previous: Gerson: Obama,
more deficit hawk than GOP? (Washington Post) [ Come on! Where do they get
this stuff? Wobama not only continued war criminal dumbya bush’s perpetual war,
fraudulent wall street protectorate, etc., free-spending ways, but added to the
deficit in his own profligate ways; and, as I’ve said before, democrats /
republicans are but distinctions without significant differences. Moreover,
there’s the literal rearrangement of the congressional deck-chair seating in
the u.s.s. titanic halls for the non-event state of the union (wobama the ‘b’
for b*** s***, more empty words belied by actions / non-action) … Previous:
Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very
least, it should be noted that the states of the union are crumbling (see
bankruptcy headlines infra), ergo, the state of the union is crumbling and
precarious indeed. The problem with and for wobama is that he’s been there,
done that, and his words don’t match his actions, as is so regarding his not
easily forgotten campaign promises (from perpetual wars, to no pros the frauds
on wall street, to new ‘bubble building’ as in last precursor to crash supplanting
sound economics. Blame it on the teleprompter … sounds like a plan! All we
really know for certain is what definitely will not be in the state of the
union; viz., a solution to pervasively corrupt, defacto bankrupt america’s
intractable decline. ] ]
Jobless
Claims Rise to Highest Level Since October [ Jobless claims much worse than
expected … stocks rally. ] NEW YORK (TheStreet ) -- The number of Americans filing unemployment
claims rose to its highest level since October last week, the Labor Department
said early Thursday. The advance figure for seasonally adjusted initial claims
increased by 51,000 to 454,000 in the week ended Jan.22 after dropping to
403,000 in the previous week. Economists were expecting initial claims to rise
to 410,000, according to consensus estimates from Briefing.com . The
number of Americans filing continuing claims -- those who have been receiving
unemployment insurance for at least a week -- came in higher than expected as
well at 3.99 million for the week ended Jan.15, an increase of 94,000 from the
previous week's revised figure of 3.89 million. Consensus estimates projected
continuing claims to drop slightly to 3.83 million from 3.86 million reported
the previous week…’
Journalist
Backs Off Obama Birth Certificate Claim Kurt Nimmo | ‘Neil
(a close friend of Evans) never told me there was no birth certificate,” he
told Fox News. “I never talked to him.”Journalist Mike Evans is backing off a
claim that Hawaii governor Neil Abercrombie told him he was unable to find
Obama’s original birth certificate after a search of state and hospital archives
… A former Hawaii elections clerk, Tim Adams, signed an affidavit swearing he
was told by his supervisors in Hawaii that no long-form, hospital-generated
birth certificate existed for Obama in Hawaii, according to Jerome R. Corsi and
WorldNetDaily. According to Adams, neither Queens Medical Center nor Kapi’olani
Medical Center in Honolulu had any record of Obama having been born in their
medical facilities. “Senior officers in the City and County of Honolulu
Elections Division told me on multiple occasions that no Hawaii long-form,
hospital-generated birth certificate existed for Senator Obama in the Hawaii
Department of Health,” Adams’ affidavit reads, “and there was no record that
any such document had ever been on file in the Hawaii Department of Health or
any other branch or department of the Hawaii government.”…’
Drudgereport: EGYPT ON FIRE
Egypt
rounds up Muslim Brotherhood leaders... Internet
shut down; no TWITTER, FACEBOOK... RAW
VIDEO: Unarmed protester shot dead in streets... Jobless
Claims... Rise Foreclosure
activity up across metro areas... DNA:
Humans 97% same as orangutans … 98% same as chimps ...
HE'S BACK: Rahm ruled eligible for mayoral run... Hollywood,
Jobs, Trump help Rahm haul in $10.6M … [ No
surprise here, mobster trump (how was trump missed in the recent big mafia bust
since he too is a corrupt bribe paying/receiving, drug money laundering among
other crimes, mobster), hollywood
flakes like magic mushroom eater sorkin, LSD aficionado jobs (I now realize
what that premium priced disfunctional though fanciful pizzazz of apple products that I would
refuse to pay extra for stems from-jobs says he owes it all to his LSD
use-don’t forget, apple’s protected source code, kernel, and consequent
stability existed pre-jobs and I believe, particularly after actually using an
iphone, that the same is a way to extract money from an ever increasingly
dumbed down / dumb (and I think at the least, eccentric if not obsessively
pathological if you witnessed the near compulsive use of these extraneous-rich,
in a trivially frivolous way, devices) american public by pandering to their
desire for superfluous functionality which requires additional purchases
through apple-I do give them credit for the more elaborate interface /
touchscreen and the ipad, all of which is currently being duplicated ex-apple
and presenting greater values/utility/functionality for the money-so also
credit for pioneering), zionists including spielberg, etc.; no small wonder
that chicago and the nation are down the tubes. ]
...
CBO:
This year's budget deficit to hit $1.5T
(Washington Post) [Why
the CBO may not believe all its own deficit projections Christian
Science Monitor CBO:
Social Security to run permanent deficits (AP)
] The nonpartisan budget agency predicts the
deficit will drop to $1.1 trillion next year.
U.S.
seeks balanced approach to Mideast turmoil (Washington Post) [ Wow! Talkin’ about balance. The
response might be, ‘better late than never’, yet it won’t take long for all to
figure out that balance means heavily weighted to zionist israel / american
interests which of course, ultimately at this rate they will have none of.
Indeed, america’s pro-israel stance in the region is now as good as it gets;
which ain’t too good and fading fast based on … reality. It’s what they do, not
what they say. Then there’s turmoil, and unforgotten turmoil brought to the
region courtesy of israel / american / nato ‘adventurism’ / manipulation /
conflict / war which animus will linger long after this more parochial turmoil
has subsided. For america to believe the old ways will pull through is a dream
that will become a nightmare for american aspirations in the region. ]
Federal
Reserve stays course with bond-buying plan
(Washington Post) [ Plan? Did someone say Plan? Plan for whom? If you answered fraudulent wall you’d be
correct. Anyone else, not so much!
Obama,
unbending Gerson: The
president's tone has changed, but he has not.
(Washington Post) [ Come on! How can anyone discuss ‘wobama the b’ (for
b*** s***) as a serious ideologue when the reality is that he’s just utter and
total b*** s*** … by what he does, not what he says … he stands for nothing!
Previous: Grading
the SOTU / Robinson (Washington Post) [ I say this sincerely and without
even a tinge of sarcasm that anyone who even watched / listened to wobama’s
‘speech’ should be embarrassed / ashamed of themselves (not that I listened to
dumbya bush’s either). The grade is ‘f’ as in failure as is his failed
presidency, as in ‘f’ himself. Wobama is but a pathetic b*** s*** artist and a
total embarrassment! Previous: Gerson: Obama,
more deficit hawk than GOP? (Washington Post) [ Come on! Where do they get
this stuff? Wobama not only continued war criminal dumbya bush’s perpetual war,
fraudulent wall street protectorate, etc., free-spending ways, but added to the
deficit in his own profligate ways; and, as I’ve said before, democrats /
republicans are but distinctions without significant differences. Moreover,
there’s the literal rearrangement of the congressional deck-chair seating in
the u.s.s. titanic halls for the non-event state of the union (wobama the ‘b’
for b*** s***, more empty words belied by actions / non-action) … Previous:
Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very
least, it should be noted that the states of the union are crumbling (see
bankruptcy headlines infra), ergo, the state of the union is crumbling and
precarious indeed. The problem with and for wobama is that he’s been there,
done that, and his words don’t match his actions, as is so regarding his not
easily forgotten campaign promises (from perpetual wars, to no pros the frauds
on wall street, to new ‘bubble building’ as in last precursor to crash
supplanting sound economics. Blame it on the teleprompter … sounds like a plan!
All we really know for certain is what definitely will not be in the state of
the union; viz., a solution to pervasively corrupt, defacto bankrupt america’s
intractable decline. ]
Samuelson:
Deficit
dodgeball (Washington Post) [ In past posts I’ve disagreed with the tenor
if not substance of Mr. Samuelson’s articles, even so far, if my memory on this
unimportant point serves me, alluding to his need to bone up on basic economics
by way of that once ubiquitous Samuelson economics text (is there a familial
relation?), gently implying him to be a soft-touch / lightweight with regard to
all things economic / business; but, this really takes the cake and I find his
article, euphemistically speaking, sorely lacking. Even his dodgeball
reference, though I might be accused of nit-picking, is misplaced. This is no
game. The literal life or death of the nation is at stake. The insurmountable
debt is unsustainable. Yet, nowhere in his article is there even a mention of the
perpetual, needless wars abroad which I would argue have worsened the nation’s
security position (blowback, ill will, geopolitical antipathy, etc.). Indeed,
this huge expenditure on these needless wars is literally frittered away and
even stolen ( 360 tons of $100 bills flown
into Iraq disappear, etc.), abroad denying the economic benefits of such if
spent domestically. His lip service in
two words, ‘(b) downsizing other programs, including defense’ ( and no mention
of the fraudulent wall street computerized high-frequency programmed
churn-and-earn / a negative in real economic terms) , falls short and his
article is sophomoric at best.
Drudgereport:
ANALYSIS:
Obama's Plan Would Cost Another $20 Billion, Raise Taxes... Rand
Paul proposes $500 billion in federal budget cuts... OBAMA
WARNS AMERICANS: World economic rules have changed... Address viewership falls from last year... PAPER:
Spaced out speech... ROUBINI:
Spending Freeze Just 'Spare Change'...
SHOCK
CLAIM: Hawaii Gov. Admits There Are No Obama Birth Records In Hawaii... RETRACTION:
'I misspoke and I apologize,' reporter says...
STATE
OF THE UNION: 81-Year-Old Man, 75-Year-Old Wife Severely Beaten In $18 Robbery
(new york, s.i.)...
On
public investment, Republicans again show they aren't serious (Washington
Post) [ I realize that Mr. Pearlstein
means well and as a journalist / columnist / reporter he must write something;
but, I take umbrage at any purported distinctions between the two parties when
measured against what they do in broader strokes ( perpetual war,
over-spending, protection for wall street frauds, etc.) and their dissembling
which I find nauseating and beyond the pale.
] When talking about the federal government and its budget deficit,
Republican politicians love to score points by noting that "you'd never
run your household or your business that way." Then again, you'd never run
your household or your business by ignoring investment. IED
casualties in Afghanistan spike (Washington Post) [ Yeah! That progress thing’s a b**ch! What do you expect them ( Petraeus
optimistic on war ) to say? That the money
spent / diverted to these lucrative for the few war profiteers ( 360 tons
of $100 bills flown into Iraq disappear, etc.) euphemistically misadventures has been worth the defacto
bankruptcy of the nation. The new military brass as with gates’ cia are without
honor, from illegal drugs, to illegal arms, to war crimes, etc.. ]
Home
prices fall, heightening fears of double dip (Washington Post) [ How ‘bout
just one big, continuing dip except for the protected frauds on wall street who
precipitated the decline! The debt levels are now insurmountable, the nation’s
defacto bankrupt, and the ‘no recession fed’s’ exacerbating all with there new
bubble for wall street’s sake that insiders and the frauds on wall street will
sell into. ] Only four areas posted
year-over-year gains in November, including Los Angeles, San Diego, San
Francisco and the Washington region. Meyerson: On
doing business (Washington Post) [ Come on! Wake up! There isn’t one
industry except entertainment (film particularly, and of course, hands on
health care) that can’t be done substantially cheaper (if not better, and some
would even argue better) in China. That’s the fact, jack! That’s reality!
That’s the structural shift that’s been the source of all that wall street cash
including huge, disproportionately ridiculous executive pay packages (along
with with wall streets protected frauds) … you know, that great sucking sound
that Ross Perot alluded to!Grading
the SOTU / Roboinson (Washington Post) [ I say this sincerely and without
even a tinge of sarcasm that anyone who even watched / listened to wobama’s
‘speech’ should be embarrassed / ashamed of themselves (not that I listened to
dumbya bush’s either). The grade is ‘f’ as in failure as is his failed
presidency, as in ‘f’ himself. Wobama is but a pathetic b*** s*** artist and a
total embarrassment! Previous: Gerson: Obama,
more deficit hawk than GOP? (Washington Post) [ Come on! Where do they get
this stuff? Wobama not only continued war criminal dumbya bush’s perpetual war,
fraudulent wall street protectorate, etc., free-spending ways, but added to the
deficit in his own profligate ways; and, as I’ve said before, democrats /
republicans are but distinctions without significant differences. Moreover,
there’s the literal rearrangement of the congressional deck-chair seating in
the u.s.s. titanic halls for the non-event state of the union (wobama the ‘b’
for b*** s***, more empty words belied by actions / non-action) … Previous:
Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very
least, it should be noted that the states of the union are crumbling (see
bankruptcy headlines infra), ergo, the state of the union is crumbling and
precarious indeed. The problem with and for wobama is that he’s been there,
done that, and his words don’t match his actions, as is so regarding his not
easily forgotten campaign promises (from perpetual wars, to no pros the frauds
on wall street, to new ‘bubble building’ as in last precursor to crash
supplanting sound economics. Blame it on the teleprompter … sounds like a plan!
All we really know for certain is what definitely will not be in the state of
the union; viz., a solution to pervasively corrupt, defacto bankrupt america’s
intractable decline. ]
Drudgereport: BANKRUPTCY
FOR STATES STUDIED CA
DECLARES EMERGENCY Facing
$1.6B shortfall, San Fran pays employees $170 million in bonuses...
What
Happened to 15 Million Jobs? Wall
Street's 'Bernanke' rally runs into headwinds... Home
sales hit 13-year low... UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it...
Obama
daughter practices Chinese with Hu... Chinese
Tiger ate US Dove for lunch...
FBI
'largest' Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
MTV
PORN: Parents Television Council Calls for Fed Investigation Into 'SKINS'... VIACOM PRESENTS: SEX AT 15! Young Star Defends
Show's Racy Content: 'It's What Teens Are Doing'... TACO BELL Pulls Ads... Teacher Suspended After 2nd
Graders 'Sex Acts In Class'... Joan Rivers calls Michelle
Obama 'Blackie O'... [ ‘Blackie O’ … Very funny! … I like that … but
don’t look for joan on ‘The View’ anytime soon, or invites from the whitehouse
either … but of course, and ‘Blackie O’ might retort that joan will be too busy
anyway, reprising the role of ‘The Joker’ in the next Batman film by the gifted
director, Christopher Nolan, with AH new Catwoman … meow! ]
] Robinson: It's hard to argue with that speech.
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. ]
Stick Save Bulls: Dave's Daily - ‘The headline writers couldn't
keep up with the late day "stick save" as most had stocks down on the
day. But, editors got things changed quickly. Bulls want Dow 12,000 and with
another round of POMO
the easy money is there. It's not just us stating the obvious, Jeremy
Grantham's Pavlov's
Dog on QE2 [ ‘ But be aware that you are living
on borrowed time as a bull; on our data, the market is worth about 910 on the
S&P 500, substantially less than current levels, and most risky components
are even more overpriced . ‘ ] essay and even MarketWatch
discussed this with "Market
Addicted to QE ." As far as most are concerned, even Bernanke, B still
follows A and one goal of QE is to raise stock prices. Commodity prices were
lower Tuesday as oil continues to slide while precious metals fell. Remember,
it's options expiration at the COMEX Wednesday so caution is advised. Economic
data was mixed with home prices falling sharply while Consumer Confidence beat
expectations. Earnings rolled in, and with few exceptions, continued to beat
analysts' estimates by wide margins (What do they pay these guys?) Volume
improved dramatically from Monday while per the WSJ, breadth mixed to negative.’
Can
You Hear the Waterfall? Nyaradi
‘One of the most intriguing aspects of financial writing is the various
colorful aphorisms that abound in this business. We enjoy comments like “the
trend is your friend,” and we hope to “let our winners run” while we watch
“bulls and bears” struggle for control of the hearts and minds of the
markets.One of my favorites and I think the one most applicable for today is
the concept of the “waterfall” or the “waterfall decline.” It’s certainly a
visual image and one that can clearly be seen on charts like the recent
Shanghai Composite that we’ll take a look at in a moment. With each passing day, the probability of a waterfall decline
in U.S. markets becomes more likely… ’
Why in the world would anyone still want
to live in the state of California at this point? Residents of California
have been forced to endure a brutally oppressive level of taxation for many
years, and yet the state of California has still managed to find itself on the
verge of bankruptcy. California Governor Jerry Brown declared a “fiscal
emergency ” in his state on Thursday, but nobody is even pretending that
such a declaration is actually going to help matters. Brown wants to cut
even deeper into the state budget (even after tens of billions have already
been slashed out of it in recent years) and he wants to explore ways to raise
even more revenue.
Meanwhile, the standard of living in
California is going right into the toilet. Housing values are
plummeting. Unemployment has risen above 20 percent in many areas of the
state. Crime and gang activity is on the rise even as police budgets are
being hacked to the bone. The health care system is an absolute
disaster. At this point California has the fewest emergency rooms per
million people out of all 50 states.
While all of this has been going on, the
state legislature in Sacramento has been very busy passing hundreds of new laws
that are mostly about promoting one radical agenda or another. The state
government has become so radically anti-business that it is a wonder that any
businesses have remained in the state. It seems like the moving vans never
stop as an endless parade of businesses and families leave California as
quickly as they can.
One of the only things keeping the
population of California relatively stable at this point are the massive hordes
of illegal immigrants that are constantly pouring into California cities.
There are certain areas of major California cities that you simply do not ever
want to go into anymore. In fact, there are rumors that the police will
not even venture into certain areas anymore.
Traffic in California is a bigger
nightmare than it ever has been before and the state cannot even keep up with
repairing the roads and infrastructure that it already has. There are a
few areas of California where you can still see the promise of greatness and
the amazing natural beauty that once attracted tens of millions of Americans to
the state, but they are few and far between now. At this point, most of
the state is turning into one gigantic hellhole.
Perhaps the state could have some hope of
turning things around if they had some solid leadership, but at this point the
vast majority of the politicians in the state are pushing agendas that are so
“radical” (not in a good way) and so “anti-American” that it is absolutely
frightening.
Of course on top of everything else there
is the constant threat of wildfires, mudslides and earthquakes. One day a
really “big earthquake” is going to hit, and once that happens many people
believe that the geography of the state of California could be permanently
altered forever.
But what most people are focused on right
now is the horrific financial condition that the state of California currently
is in. Governor Brown recently summarized his analysis of California’s
financial condition with the following statement: “We’ve been living in fantasy
land. It is much worse than I thought. I’m shocked.”
Yes, things really are that bad in
California.
The following are 22 facts about
California that make you wonder why anyone would still want to live in that
hellhole of a state….
#1 The California state government is facing a
potential state budget deficit of 19 billion dollars this year, and California
debt is rapidly
approaching junk status . One way or another the taxpayers of
California are going to have to pay for this mess somehow.
#2 California Governor Jerry Brown recently unveiled a
“draconian” budget plan for 2011 that includes 12 billion dollars more in
spending cuts and that maintains 12 billion dollars in recent tax increases.
#3 The state of California currently has the third highest state income tax
in the nation: a 9.55% tax bracket at $47,055 and a 10.55% bracket at
$1,000,000.
#4 California has the highest state sales tax rate in the nation by far
at 8.25%. Indiana has the next highest at 7%.
#5 Residents of California pay the highest
gasoline taxes (over 67 cents per gallon )
in the United States.
#6 California had more foreclosure filings that any
other U.S. state in 2010. The 546,669 total foreclosure filings during
the year means that over 4 percent of all the housing units in the state of
California received a foreclosure filing at some point during 2010.
#7 Home prices in some areas of California have
completely fallen off a cliff. For example, the average home in Merced,
California has declined in value by 63 percent over the past four
years.
#8 725 new laws (most of them either
completely pointless or completely stupid) went into effect in the state of
California on January 1st.
#9 20 percent of the residents of Los
Angeles County are now receiving public aid of one kind or another.
#10 The number of people unemployed in the state of
California is approximately equal to
the populations of Nevada, New Hampshire and Vermont combined .
#11 In some areas of California, the level of
unemployment is absolutely nightmarish. For example, 24.3 percent of the residents of El
Centro, California are now unemployed.
#12 Residents of California pay some of the highest electricity
prices in the entire nation.
#13 The state of California ranks dead last out of all 50 states in the
number of emergency rooms per million people.
#14 According to one survey, approximately 1 out of
every 4 Californians under the age of 65 has absolutely no
health insurance .
#15 At one point last year it was reported that in the
area around Sacramento, California there was one closed
business for every six that were still open .
#16 In the late 70s, California was number one in
per-pupil spending on education, but now the state has fallen to 48th place .
#17 In one school district in California, children as
young as five years old are being forced to watch
propaganda films that tout the benefits of “alternative lifestyles”, and
parents are being told that no “opting out” will be permitted.
#18 The crime rate in the San Diego school system is
escalating out of control. The following is what San Diego School Police Chief
Don Braun recently told the press
about the current situation….
“Violent crime in schools has risen 31 percent. Property crime has risen
12 percent. Weapons violations (have gone up) almost 8 percent.”
#19 Oakland,
California Police Chief Anthony Batts announced last year that due to severe
budget cuts there are a number of crimes that his department will
simply not be able to respond to any longer . The crimes that the
Oakland police will no longer be responding to include grand theft, burglary,
car wrecks, identity theft and vandalism.
#20 Things have
gotten so bad in Stockton, California
that the police union put up a billboard with the following message: “Welcome
to the 2nd most dangerous city in California. Stop laying off cops.”
#21 During one recent
23 year period, the state of California built 23 prisons but just one
university.
#22 The farther you
look into the future, the worse California’s financial problems become. According
to an article in the Wall Street Journal , California’s unfunded pension
liability is estimated to be somewhere between $120 billion and $500
billion at this point.
So
could the state of California actually go bankrupt?
In
Washington D.C., some lawmakers are now working very hard
behind the scenes to come up with a way to allow individual U.S. states to
declare bankruptcy.
If
something like that is worked out in Washington, then certainly the state of
California would potentially be one of the first states to take advantage of
it.
Unfortunately,
the truth is that the state of California is a complete and total mess at this
point, and not even bankruptcy is going to fix much.
The
state has become a rotting, festering hellhole that is getting worse by the
day. Yes, some really good people still live there, but there are some
really, really good reasons why so many people are leaving the state in droves.
But
perhaps you disagree. Does anyone want to state the case in favor of the
state of California? Please feel free to express your opinion below….’
Economy
News Nightmare: 20 Things That You Should Not Read If You Do Not Want To Become
Very Angry The
Economic Collapse
| Today America is very, very frustrated.#1 Today, millions of American families are digging deep into
their savings and investments in a desperate attempt to stay afloat. Over the
past two years, U.S. consumers have withdrawn $311 billion #2 15 billion dollars #3 The number of American families that were booted out of
their homes and into the streets set a new all-time record #4 Dozens of packages that we buy in the supermarket have been
reduced in size by up to 20% #5 One Canadian company is making a ton of money shipping “millions and millions of dollars” #6 In America today, the wealthiest 20% own a whopping 93% #7 Only 35 percent of Americans now have enough “emergency savings” #8 47 percent #9 If the U.S. banking system is healthy, then why does the
number of “problem banks” continue to keep increasing? This past week the
number of U.S. banks on the unofficial list of problem banks reached 937 #10 According to former U.S. Labor Secretary Robert Reich, the
wealthiest 0.1% of all Americans make as much money
#11 U.S. housing prices have now fallen further
#12 According to some very disturbing new
research, 45 percent of U.S. college students exhibit “no significant gains in learning
#13 Americans now owe more than $884
billion
#14 The United Nations says that the
global price of food hit an all-time record
#15 The more Americans that are on food
stamps the more profits that JP Morgan makes
#16 Back in 1970, 25 percent of all jobs
in the United States were manufacturing jobs. Today, only 9
percent
#17 Dozens of U.S. states
#18 The United States has had a negative
trade deficit every single year since 1976
#19 The U.S. national debt has crossed the $14 trillion mark #20 What the U.S. economy really needs is for the government
to get off all of our backs, but instead they continue to tighten their grip on
us. In fact, the Obama administration is proposing a “universal Internet ID
Drudgereport: CUT!
WHAT?! GOOGLE
Comes Under Fire for 'Secret' Relationship with NSA... IMF:
Instability Threatens Recovery... OH NO:
Price Drop Points to Likely Double Dip in Housing Market... Jobless
Rise in 20 States as Workers Still Laid Off... UK Economy
May Be Heading for Double Dip... Obama
will 'have to produce birth certificate' to run again... NYT:
Former Spy With Agenda Operates Own Private CIA... Quite serious a problem … Remember … these people really are quite
stupid but self-interested if not greedy; and, if the money’s right, they wrap
themselves in the flag and find a reason … remember ollie north who’s an
absolute dope … and there are many, many more worse than him. Then there’s
their war mongering which of course is the precursor to their war profiteering,
etc.. ]UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it... BACKTRACK: Now Hawaii won't release birth info... Hollywood,
Jobs, Trump help Rahm haul in $10.6M … [ No
surprise here, mobster trump (how was trump missed in the recent big mafia bust
since he too is a corrupt bribe paying/receiving, drug money laundering among
other crimes, mobster), hollywood
flakes like magic mushroom eater sorkin, LSD aficionado jobs (I now realize
what that premium priced disfunctional though fanciful pizzazz of apple products that I would
refuse to pay extra for stems from-jobs says he owes it all to his LSD
use-don’t forget, apple’s protected source code, kernel, and consequent
stability existed pre-jobs and I believe, particularly after actually using an
iphone, that the same is a way to extract money from an ever increasingly
dumbed down / dumb (and I think at the least, eccentric if not obsessively
pathological if you witnessed the near compulsive use of these extraneous-rich,
in a trivially frivolous way, devices) american public by pandering to their
desire for superfluous functionality which requires additional purchases
through apple-I do give them credit for the more elaborate interface /
touchscreen and the ipad, all of which is currently being duplicated ex-apple
and presenting greater values/utility/functionality for the money-so also
credit for pioneering), zionists including spielberg, etc.; no small wonder that
chicago and the nation are down the tubes. ] ... COURT:
Candidate 'must have actually resided' in city for 1 year before election... Plans
appeal to Illinois Supreme Court... CHICAGOLAND
SHOCK: RAHM BOOTED OFF BALLOT China
'on Collision Course' with USA... Bank
Moves to Buy U.S. Branches... Stealth
fighter 'based on crashed American plane'... Chinese
Pianist Played Anti-American Propaganda Tune at White House?
Emanuel
vows to fight ballot ruling (Washington Post) [ Ill.
court rules on Emanuel … OPINION:
Rahm got robbed (of his and of those of his prospective booty) Drudgereport: Hollywood,
Jobs, Trump help Rahm haul in $10.6M … [ No
surprise here, mobster trump (how was trump missed in the recent big mafia bust
since he too is a corrupt bribe paying/receiving, drug money laundering among
other crimes, mobster), hollywood
flakes like magic mushroom eater sorkin, LSD aficionado jobs (I now realize
what that premium priced disfunctional though fanciful pizzazz of apple products that I would
refuse to pay extra for stems from-jobs says he owes it all to his LSD
use-don’t forget, apple’s protected source code, kernel, and consequent stability
existed pre-jobs and I believe, particularly after actually using an iphone,
that the same is a way to extract money from an ever increasingly dumbed down /
dumb (and I think at the least, eccentric if not obsessively pathological if
you witnessed the near compulsive use of these extraneous-rich, in a trivially
frivolous way, devices) american public by pandering to their desire for
superfluous functionality which requires additional purchases through apple-I
do give them credit for the more elaborate interface / touchscreen and the
ipad, all of which is currently being duplicated ex-apple and presenting
greater value/utility/functionality for the money-so also credit for
pioneering), zionists including spielberg, etc.; no small wonder that chicago
and the nation are down the tubes. ] ... COURT:
Candidate 'must have actually resided' in city for 1 year before election... Plans
appeal to Illinois Supreme Court... CHICAGOLAND
SHOCK: RAHM BOOTED OFF BALLOT China
'on Collision Course' with USA... Bank
Moves to Buy U.S. Branches... Stealth
fighter 'based on crashed American plane'... Chinese
Pianist Played Anti-American Propaganda Tune at White House? NYT:
Former Spy With Agenda Operates Own Private CIA... Quite serious a problem … Remember … these people really are quite
stupid but self-interested if not greedy; and, if the money’s right, they wrap
themselves in the flag and find a reason … remember ollie north who’s an
absolute dope … and there are many, many more worse than him. Then there’s
their war mongering which of course is the precursor to their war profiteering,
etc.. ]UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it... BACKTRACK: Now Hawaii won't release birth info...
Hezbollah-backed
candidate has votes to become prime minister (Washington Post) [ Now who
could possibly deny the rationality of the Lebanese wisdom of a leader that
puts not war crimes nations israel / u.s. and nato allies interests, but rather
the interests of Lebanon and the Lebanese people first beyond words and
propaganda based on what they do; ie., most recent of many in the region: US-led
airstrikes kill Afghan civilians 1-24-11Two separate airstrikes by US-led
foreign forces have killed at least five civilians and wounded several others
in various parts of Afghanistan. ] BEIRUT - The Shiite armed movement Hezbollah
on Monday had the support needed for its candidate to become Lebanon's prime
minister, effectively ending the Western-backed rule of U.S. allies who came to
power more than five years ago.
Obama
won't endorse Social Security cuts (Washington Post) [
Is that written in stone? Does that mean veto? Is this failed presidency
pre-election year desperation? Where will the cuts come from for ‘deficit
reduction’? What does the teleprompter say? For some, social security is all
they have, many corporate pensions underfunded, defunct from bankruptcies,
non-existent, etc.. Now there is a very rich pension fund that the citizens
have paid for and does have a lot of fat for cutting; viz., Wikipedia:
‘Congressional pension is a pension made
available to members of the United States Congress . Members who
participated in the congressional pension system are vested after five (5)
years of service. A full pension is available to Members 62 years of age with 5
years of service; 50 years or older with 20 years of service; or 25 years of
service at any age. A reduced pension is available depending upon which of
several different age/service options is chosen. If Members leave Congress
before reaching retirement age, they may leave their contributions behind and
receive a deferred pension later.[1] ’ official site: ‘Members
of Congress are eligible for a pension at age 62 if they have completed at
least five years of service. They are eligible for a pension at age 50 if they
have completed 20 years of service, or at any age after completing 25 years of
service. The amount of the pension depends on years of service and the average
of the highest three years of salary. By law, the starting amount of a member’s
retirement annuity may not exceed 80 percent of his or her final salary. As of
October 1, 2000, the average annual pension for members of Congress who have
retired under CSRS is $52,464, and $46,932 for retirees under FERS-only or both
FERS/CSRS. ‘ ]
Economic
policy stuck in reverse (Washington Post) Jeff Sessions | Opinion We have seen no real plan,
no strong leadership, no apparent willingness to confront the growing danger on
the horizon. [ Mr. Sessions is right on target and for me to comment further
would only take away time from the ‘must read’ substantive article by Mr.
Sessions! ]
Gerson: Obama,
more deficit hawk than GOP? (Washington Post) [ Come on! Where do they get
this stuff? Wobama not only continued war criminal dumbya bush’s perpetual war,
fraudulent wall street protectorate, etc., free-spending ways, but added to the
deficit in his own profligate ways; and, as I’ve said before, democrats /
republicans are but distinctions without significant differences. Moreover,
there’s the literal rearrangement of the congressional deck-chair seating in
the u.s.s. titanic halls for the non-event state of the union (wobama the ‘b’
for b*** s***, more empty words belied by actions / non-action) … Previous:
Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very
least, it should be noted that the states of the union are crumbling (see
bankruptcy headlines infra), ergo, the state of the union is crumbling and
precarious indeed. The problem with and for wobama is that he’s been there,
done that, and his words don’t match his actions, as is so regarding his not
easily forgotten campaign promises (from perpetual wars, to no pros the frauds
on wall street, to new ‘bubble building’ as in last precursor to crash
supplanting sound economics. Blame it on the teleprompter … sounds like a plan!
All we really know for certain is what definitely will not be in the state of
the union; viz., a solution to pervasively corrupt, defacto bankrupt america’s
intractable decline. ]
Drudgereport: BANKRUPTCY
FOR STATES STUDIED CA
DECLARES EMERGENCY Facing
$1.6B shortfall, San Fran pays employees $170 million in bonuses...
What
Happened to 15 Million Jobs? Wall
Street's 'Bernanke' rally runs into headwinds... Home
sales hit 13-year low... UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it...
Obama
daughter practices Chinese with Hu... Chinese
Tiger ate US Dove for lunch...
FBI
'largest' Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
MTV
PORN: Parents Television Council Calls for Fed Investigation Into 'SKINS'... VIACOM
PRESENTS: SEX AT 15! Young Star Defends Show's Racy Content: 'It's What Teens Are
Doing'... TACO
BELL Pulls Ads... Teacher
Suspended After 2nd Graders 'Sex Acts In Class'... Joan
Rivers calls Michelle Obama 'Blackie O'... [ ‘Blackie O’ … Very
funny! … I like that … but don’t look for joan on ‘The View’ anytime soon, or
invites from the whitehouse either … but of course, and ‘Blackie O’ might
retort that joan will be too busy anyway, reprising the role of ‘The Joker’ in
the next Batman film by the gifted director, Christopher Nolan, with AH new
Catwoman … meow! ]
]
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! ]
Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very
least, it should be noted that the states of the union are crumbling (see
bankruptcy headlines infra), ergo, the state of the union is crumbling and
precarious indeed. The problem with and for wobama is that he’s been there,
done that, and his words don’t match his actions, as is so regarding his not
easily forgotten campaign promises (from perpetual wars, to no pros the frauds
on wall street, to new ‘bubble building’ as in last precursor to crash
supplanting sound economics. Blame it on the teleprompter … sounds like a plan!
All we really know for certain is what definitely will not be in the state of
the union; viz., a solution to pervasively corrupt, defacto bankrupt america’s
intractable decline. ]
Drudgereport: BANKRUPTCY
FOR STATES STUDIED CA
DECLARES EMERGENCY Facing
$1.6B shortfall, San Fran pays employees $170 million in bonuses...
What
Happened to 15 Million Jobs? Wall
Street's 'Bernanke' rally runs into headwinds... Home
sales hit 13-year low... UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it...
Obama
daughter practices Chinese with Hu... Chinese
Tiger ate US Dove for lunch...
FBI
'largest' Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
MTV
PORN: Parents Television Council Calls for Fed Investigation Into 'SKINS'... VIACOM
PRESENTS: SEX AT 15! Young Star Defends Show's Racy Content: 'It's What Teens Are
Doing'... TACO
BELL Pulls Ads... Teacher
Suspended After 2nd Graders 'Sex Acts In Class'... Joan
Rivers calls Michelle Obama 'Blackie O'... [ ‘Blackie O’ … Very
funny! … I like that … but don’t look for joan on ‘The View’ anytime soon, or
invites from the whitehouse either … but of course, and ‘Blackie O’ might
retort that joan will be too busy anyway, reprising the role of ‘The Joker’ in
the next Batman film by the gifted director, Christopher Nolan, with AH new
Catwoman … meow! ]
“All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” [ I personally believe, and the factual, historical realities
support that President General Eisenhower is without question the most
under-rated president in america’s short-lived history. Is there anyone who
foolishly would believe this man of honor, the quintessential General /
Commander in Chief would be sacrificing lives (american among many others) and
treasury for the sake of war profiteers, greed, fraud, etc., as now? ] President Eisenhower’s warned us about the
growing threat from the powerful military-industrial complex – and it’s threat
to our prosperity – 50 years ago. A
new culture war Milbank: Are GOP
spending cuts about the deficit or settling old scores? (Washington Post) [
What does it matter at this point. Who cares about motives at this too little,
too late juncture. Come on! Wake up! Culture wars? Who cares. That should be
the least of the wars and worries.The nation is defacto bankrupt. The states
are also defacto bankrupt. They’re talking about bankruptcy enabling
legislation for the states. There are many cities and municipalities in the
states are defacto bankrupt (they can declare bankruptcy as the law currently
stands). NYT
Reports States Looking For Ways To File Bankruptcy, Muni Bondholders To Be GMed
A few days ago we reported that Newt Gingrich was pushing for legislation
to allow states to file for bankruptcy, “allowing Them To Renege On Pension And
Benefit Obligations.” Path
Is Sought for States to Escape Debt Burdens Policy makers are working
behind the scenes to come up with a way to let states declare bankruptcy and
get out from under crushing debts. Drudgereport: BANKRUPTCY FOR STATES STUDIED CA DECLARES EMERGENCY Facing $1.6B shortfall, San
Fran pays employees $170 million in bonuses... From tonight’s
NYT : Beyond their short-term budget gaps, some states have deep structural
problems, like insolvent pension funds, that are diverting money from essential
public services like education and health care. Some members of Congress fear
that it is just a matter of time before a state seeks a bailout, say bankruptcy
lawyers who have been consulted by Congressional aides…’ ] Hezbollah
gets support of Druze leader (Washington Post) [ Is this a direct outcome
and consequence of israeli belligerence, war crimes, and america’s alliance
with and hence, apparent endorsement of such by america which also has
bloodstained hands from numerous civilian deaths in the region. Yes! After all,
no one would reasonably deny Hezbollah’s a**-kicking of israel in their fairly
recent ‘encounter’. ] The armed Shiite movement received a major boost in its
efforts to form a new government in Lebanon when a potential kingmaker swung
his support behind the group and its allies.
A
dim view of America's ability to compete in global economy (Washington
Post) [ Yeah … and I’d say, realistically speaking, that ‘slightly more than a
third’ are wrong. It’s a bit late in the game to be lamenting irrevocable
choices, decisions made, mostly for money to the interested few and the frauds
on wall street who cheered. This and worse coming is what it is and more
importantly, the way it is. Fait accomplis, not for better or for worse, but
realistically unlike never before in america’s short history, for much
worse. ] Barely more than a third of
all Americans rate the country's ability to compete economically in positive
terms, according to a new Washington Post poll. Bank
of America posts $1.2B loss for fourth quarter of 2010 (Washington Post) [
Today (after the wall street close) : Four U.S. bank failures bring year's total to 7 Could it be … BofA ‘hearing footsteps’? …
Naaah … they’re too big to fail. ] The
toll from the housing crisis could continue to drain billions of dollars from
nation's largest bank. Drudgereport:
BANKRUPTCY FOR STATES STUDIED CA DECLARES EMERGENCY Facing $1.6B shortfall, San
Fran pays employees $170 million in bonuses... From tonight’s
NYT : Beyond their short-term budget gaps, some states have deep structural
problems, like insolvent pension funds, that are diverting money from essential
public services like education and health care. Some members of Congress fear
that it is just a matter of time before a state seeks a bailout, say bankruptcy
lawyers who have been consulted by Congressional aides…’
“All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” [ I personally believe, and the factual, historical realities
support that President General Eisenhower is without question the most
under-rated president in america’s short-lived history. Is there anyone who
foolishly would believe this man of honor, the quintessential General /
Commander in Chief would be sacrificing lives (american among many others) and
treasury for the sake of war profiteers, greed, fraud, etc., as now? ] President Eisenhower’s warned us about the
growing threat from the powerful military-industrial complex – and it’s threat
to our prosperity – 50 years ago.
Drudgereport: BANKRUPTCY
FOR STATES STUDIED CA
DECLARES EMERGENCY Facing
$1.6B shortfall, San Fran pays employees $170 million in bonuses...
What
Happened to 15 Million Jobs? Wall
Street's 'Bernanke' rally runs into headwinds... Home
sales hit 13-year low... UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it...
Obama
daughter practices Chinese with Hu... Chinese
Tiger ate US Dove for lunch...
FBI
'largest' Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
MTV
PORN: Parents Television Council Calls for Fed Investigation Into 'SKINS'... VIACOM
PRESENTS: SEX AT 15! Young Star Defends Show's Racy Content: 'It's What Teens Are
Doing'... TACO
BELL Pulls Ads... Teacher
Suspended After 2nd Graders 'Sex Acts In Class'... Joan Rivers calls Michelle Obama
'Blackie O'...
Largest-ever
Mafia sweep makes nearly 120 arrests (Washington Post) [ Geeh! Who woulda’
thunk it … still mafia in new york ( jersey )? Why, with all the prosecutions
by gov. elect cuomo as n.y. attorney general (aught, naught, nil, nought, none,
nada, null, zilch) one might have thought there was almost no such thing of mafia
in new york (/ new jersey – same no pros scenario) anymore. Then again, former
n.y. gov. mario cuomo’s primary sole law practice client(s), cement and
concrete … well, if only the name was vito corleone and as with 1 client tom
hagen of ‘godfather’ fame … well, you get the picture. Drudgereport: FBI Rounds Up 127 Mobsters in
Biggest Mafia Bust in New York History…( This is great news and music to my
ears! I really hate the mob … I really do! Hats off to the FBI! ) ... MOB Bust So BIG they're being
held at ARMY Fort... ]
Federal and state agents arrested nearly 130 reputed mafia members from
seven East Coast organized crime families on Thursday, the largest coordinated
arrest in the FBI's quarter-century crackdown on the mafia, the Justice
Department said. Karzai delays parliament's inauguration as court
investigates electoral fraud (Washington Post) [ Pervasively
corrupt, defacto bankrupt american-style democracies and heroin production
breakin’ out all over the american mideast war zone. ] Fed
sees mixed picture (Washington Post) [ ‘Mixed picture’ … there you go …
kind of covers all bases … not like their absolute ‘no recession’ prognostication
(which great recession / depression continues in real terms when you take out,
look through the worthless paper (currency, assets, securities, etc.),
obfuscation and b*** s***. Unnerving? Well, the grim reality does bite; but,
I’m not so sure they even see it, or more likely, they choose not to look.
Nerve? Yes, I’d say they’ve got nerve … as in gall, audacity, chutzpah, etc.,
for foisting off on america (and the world) this ultimately disasterous wall
street welfare program. ] As the Fed gears up for its first meeting of 2011,
policymakers are trying to make sense of an economic picture that is
encouraging yet unnerving. First
lady, Wal-Mart partner on healthy foods program (Washington Post) [ Of
wal-mart’s (and wall street’s) rise, and main street’s (and america’s) demise;
the story goes something like this. As China’s american based seminal sales
agent / distributor of Chinese goods (cheered by fraudulent wall street),
wal-mart is well positioned to assist in american dietary matters; as, for
example, the less to no food diet, as in increasingly impoverished, defacto
bankrupt america eating less because they no longer can afford more (on bushes,
clintons, wobamas, etc.). ] As the
world's largest retailer, Wal-Mart is in a unique position to influence the
practices of suppliers. Hu
offers assurances to U.S. business leaders (Washington Post) [‘Chinese
leader presses Congress to do more to lift U.S. controls on exports to China’.
Yeah! Sounds like a plan! After all, they’ve gotten everything else, including
some of that top-level-security stuff (remember that missile guidance tech,
etc.), and not surreptitiously. All out in the spankin’ wide open as america (n
execs, political and corporate) ‘took the dive for that short-end money (but
lots) and a one-way ticket to palooka-ville’!
] In a speech, Chinese leader presses Congress to do more to lift U.S.
controls on exports to China. U.S.
Supreme Court Issues Landmark Decision: Constitution is Void PRNewswire-USNewswire
| Landmark decision that serves to allow judges to void the Constitution in
their courtrooms. ’ The U.S. Supreme Court issued a landmark decision that
serves to allow judges to void the Constitution in their courtrooms. The
decision was issued on January 18, 2011, and the Court did not even explain the
decision (Docket No. 10-632, 10-633, and 10-690). One word decisions:
DENIED.Presented with this information and massive proof that was not contested
in any manner by the accused judges, at least six of the justices voted to deny
the petitions:“There is no legal or factual basis whatsoever for the decisions
of the lower courts in this matter. These rulings were issued for corrupt
reasons. Many of the judges in the Northern District of Georgia and the
Eleventh Circuit are corrupt and violate laws and rules, as they have done in
this case. The Supreme Court must recognize this Petition as one of the most
serious matters ever presented to this Court.” ‘The key questions answered
negatively by the U.S. Supreme Court was: “Whether federal courts must be
stopped from operating corruptly and ignoring all laws, rules, and facts.”
Windsor says: "I have discovered that the federal judges in Atlanta, Georgia , Washington,
DC , and the justices of the United States Supreme Court function like
common criminals intentionally making bogus rulings against honest people while
covering up the crimes of their fellow judges. I have been contacted by
people from all over the country and around the world with their stories of
judicial corruption with judges all over the U.S."My charges have been
totally ignored by the United States Attorney's
Office, the FBI, and Congress. I do not believe there is a shred of decency,
honesty, or Constitutional rights in our federal courts. In my opinion,
we now live in a police state. Judges are free to do absolutely anything
they want. Our laws are meaningless. Your life savings can be stolen
by a federal judge, and they have no risk in violating every law in the
books."In my opinion, this is the most serious issue that our country has
ever faced. Our rights have been stolen. And the mainstream media
refuses to cover this story because they are afraid of the judges. Heaven
help us."I believe our only hope in America is if the masses become aware
of what is taking place. I am writing an expose, and my book will be
available at Borders, Barnes & Noble, and on amazon.com soon. The
publisher will decide if the title is Lawless America or Screwed,
Glued, and Tattooed ." For more information, see www.LawlessAmerica.com .’
Drudgereport:
FBI
Rounds Up 127 Mobsters in Biggest Mafia Bust in New York History…( This is
great news and music to my ears! I really hate the mob … I really do! Hats off
to the FBI! ) ... MOB
Bust So BIG they're being held at ARMY Fort...
Tucson
restaurant to offer African lion tacos…..( Which pretty much helps explain the
mass shooting there! )...
House
GOP Lists $2.5 Trillion in Spending Cuts... China:
USA #1 no more... GE
CEO: China one day will be world's biggest economy... A
day after cutting $19B deal with China, Boeing slashes 1,100 US jobs... US
Stocks slide on fears of Chinese rate hike...
Obama:
'We Welcome China's Rise'...
Zimbabwe
mulls treason charges over WIKILEAKS … (Now what nation would want to be on the
same side of an issue as mugabe’s zimbabwe?)...
Currency system 'product of the past'... HU QUESTIONS FUTURE OF DOLLAR RISING
DRAGON: China on equal footing with USA as Hu visits Washington... GE
CEO: China one day will be world's biggest economy… daaaaah! ... Obama:
'We Welcome China's Rise'... Careful
to avoid criticism... HOUSE
VOTES TO REPEAL HEALTHCARE LAW... Dem
Compares Republicans to Nazis during debate... 26
states join suit against law... SHOCK
CLAIM: World needs $100 TRILLION more credit, says World Economic Forum... Japan
hits 'critical point' on state debt... APPLE
faces pollution storm in China... ‘A group of 36 Chinese environmental groups has accused Apple of
failing to address concerns over pollution and worker health issues in
factories supplying components for its gadgets…’ Home
building stuck near 50 year lows... CASHOUT:
Daley Files to Sell $8.3 Million JPMORGAN Shares After Joining Obama Team... Taiwanese
mock meeting w/ video cartoon... Missiles
off target in major Taiwan drill... China
'got stealth tech from Russia'... GE
to sign slew of China deals... 'Experience
China' takes over NYC's Times Square... PEW:
65% see China as an 'adversary' or 'serious problem'... STUXNET
WORM USED AGAINST IRAN WAS TESTED IN ISRAEL... Three
U.S. Soldiers Killed in Iraq... GALLUP:
U.S. Satisfaction Remains Near 12-Month Low... CBS
POLL: 77% say cut spending; only 9% say raise taxes... States
Warned of $2.5 Trillion
Pensions Shortfall... Schwarzenegger:
I Was 'Addicted' To Being Governor... Comprehensive
List of Tax Hikes in Obamacare... Republican
senator sees bipartisan agreement on debt ceiling … (no surprise here; after
all, they have to get paid…for what?…more and more people are asking the
question - all three branches including
the toy soldiers for perpetual war and illegal drugs / arms ops) ... Obama
Gives Communist Leader Lavish State Dinner... China
lending hits new heights; Funding to poor states (that includes defacto
bankrupt america) tops World Bank... RISE
OF RED DRAGON: CHINA SHAPES WORLD Jobs Takes
Medical Leave... House panel wants Homeland Security documents... GALLUP:
U.S. Satisfaction Remains Near 12-Month Low... Ahmadinejad,
Medvedev agree to boost ties... Moscow
reaffirms Soviet recognition of Palestine... Camden,
NJ braces for deep police, fire cuts...
Wall
Street firm targets District-based energy practice (Washington Post) [ From
one corrupt sinkhole (d.c. / no. virginia) to another, perhaps the largest (
wall street/new york/jersey/ct. metro); ho, hum. The pervasively corrupt american illegal system …
corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments
should be abolished, which corrupt entities are unheard of in productive
societies as China, Japan, etc.. Time to abolish these drags on society and
eliminate their lifetime stipends and costly bureaucracies. Rules of law mean
nothing to these typically corrupt americans. Most, including sam alito of the
u.s. supreme court, concerning drug money laundering and obstruction of
justice in the 3rd circuit ( also maryanne trump barry who
covered-up drug money laundering through her brother’s casinos in a civil RICO
case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money,
personal money, big, cash, untraceable money. The fog of war is great for such
things (360 tons $100 bills flown into Iraq and missing, etc.). Israeli
human rights groups sound alarm (Washington Post) [ As indeed they should!
As a war crimes nation along with pervasively corrupt, defacto bankrupt
america, israel has much to lose by exposure of their pervasive crimes though
the entire world is aware of same including illegal nukes! … Ie., Accountability is unclear in israeli probe of flotilla
raid ( Washington
Post ) Oh, come on! An israeli probe of an
israeli massacre of civilians. Time for israel to pay; for illegal nukes, for
violations of international law, for continued violations of u.n. resolutions,
for provocations as pretexts to sabotage peace talks, and on and on ad nauseum.
Why does america among other nations feel compelled to sacrifice themselves for
the sake of a global criminal nation with an insatiable greed and blood-thirst
as israel? ] An
initiative in the Israeli parliament this month to investigate the funding of
local human rights organizations has intensified debate here about the role of
the groups, which critics have accused of harming Israel.
Goldman
Sachs's profit drops by 52% in Q4
(Washington Post) [ Before everyone starts shedding tears, let’s realize
that those bonuses and compensation packages come off the top… Bank
giant Goldman rewards staff with €11.4bn Independent.ie | Wall Street banking giant Goldman Sachs revealed
today that staff earned a total of $15.4bn (€11.4bn) in pay and bonuses last
year. ] The decline in Goldman's bottom line is all the more striking
because it contrasts with huge gains at other financial firms. As the financial
sector continues to climb out of a historic hole, the numbers reflect a divide
between Wall Street and Main Street.
[Previous: … Jobless
rate jumps as hiring slows (Washington Post) [ The reality is not a mystery! The nation’s been thrown under the
bus for the greater good (wealth) of the very few (frauds on wall street,
etc.); wall
street giving out record bonuses from their accomplished fraud (with
no-recession b.s. bernanke help) of $144 BILLION: Come on! This is gettin’ even
more downright ridiculous (if that’s even possible)! Pending home foreclosure /
distress sales up, oil prices (and oil stocks) up, debased dollar down, plus a
little familiar ‘better than expected’ thrown in along with prospects of a
‘no-recession bernanke’ market-frothing bull session on 60 minutes and, voila,
suckers’ rally into the close to keep the suckers suckered! What’s good for the
frauds on wall street is bad for just about everyone else which includes the
vast majority of people and businesses, domestically and globally, as current
dollar manipulation / debasement ultimately results in higher costs and loss of
purchasing power (ie., oil, etc.). Clearly, this is one of those fraudulent
wealth transfers to the frauds on wall street et als which will ultimately be
paid for by those who least are in a position to afford it, courtesy of the
ever more worthless Weimar dollar, etc., inflating earnings, eps, lowering p/e
multiples, etc., see infra. This is an especially great time to sell / take
profits while you can since there's much worse to come! Previous: Rosy numbers
on consumer sentiment, unemployment (far better than private forecasts) from
the government prior to the holiday so-called ‘shop till you drop’? How can
anyone believe anything they say? Najerian interviewed by Motek chimes in with
the reason for good retail cheer; viz., people have stopped paying their
mortgages and are using the funds to purchase retail goods; while Davidowitz
adds that with record numbers of americans on food stamps, real unemployment at
17+, and wall street giving out record bonuses from their accomplished fraud
(with no-recession b.s. bernanke help) of $144 BILLION … the high end stores / jewelers will do well
… daaaaah! And, with insiders and wall
street frauds selling into the bubble as preceded last crash, this is an
especially great opportunity to sell / take profits! ] Obama
presses (as in pressing Mr. Hu’s pants) Chinese leader on rights At
summit, Hu admits his nation needs to make more progress (Washington Post) [ Riiiiight! … Mr. Hu says
with utmost sarcasm to continued perpetual war president, in the mold of dumbya
bush though national u.s. defacto bankruptcy, viz., ‘wobama the b (for b***
s***)’. White
House more hard-nosed about Chinese government /Hu
to face a tougher Obama administration (Washington Post) [ Please … don’t
make me laugh … and, are you sure you didn’t mean more ‘brown-nosed’ about the
Chinese government. This is starting to sound like seed material for the
Weekend Update SNL skit segment, ‘REALLY’. I mean, really. Does anybody believe
this? Come on … I don’t think so! ] Analysts say President Hu Jintao is eager
to burnish his legacy, but he will find a White House that views his government
with misgivings.] [Drudgereport: Currency system 'product of the past'... HU QUESTIONS FUTURE OF DOLLAR RISING
DRAGON: China on equal footing with USA as Hu visits Washington... GE
CEO: China one day will be world's biggest economy… daaaaah! ... Obama:
'We Welcome China's Rise'... Careful
to avoid criticism... ] President urges counterpart
to allow more freedom and open a real dialogue with the Dalai Lama, and raises
the case of imprisoned Nobel winner.
White
House more hard-nosed about Chinese government / Hu
to face a tougher Obama administration (Washington Post) [ Please … don’t make me laugh … and, are you sure
you didn’t mean more ‘brown-nosed’ about the Chinese government. This is
starting to sound like seed material for the Weekend Update SNL skit segment,
‘REALLY’. I mean, really. Does anybody believe this? Come on … I don’t think
so! ] Analysts say President Hu Jintao is eager to burnish his legacy, but he
will find a White House that views his government with misgivings.
Concerns rise over Afghan forces ] Proposed
sale of land stokes anti-Chinese views
Job creation seen as key to China's
investment in U.S. Obama
to feds: Cut the red tape (Washington Post) [ Riiiiight! That red tape
thing … you know, as in laws, regulations that rein in corrupt, illegal,
fraudulent behavior … Heck, we all know they’re not enforced anyway; ie., still
no pros of the frauds on wall street, plus legislative help to cover-up their
gargantuan past (and ongoing) crimes by way of mark to anything FASB rule
change for those worthless toxic paper assets from the last fraud, etc.. Yes …
change, as in change change by the man of change, changer wobama the ‘b’ for
b*** s***!. After all, the next election cycle will be gearing up and those
campaign funds need replenishin’. Sounds like a plan. ] Steve
Jobs Your Take: Apple
without Steve Jobs (Washington
Post) [ Yeah! It’s quite difficult to imagine in any positive sense. Indeed,
there was a feeding frenzy among the dinosaurs (ie., microsoft, et als)
purportedly owing to the absence of the 800 pound gorilla (Apple – far advanced
in evolutionary terms) which according to the frauds on wall street should
benefit the dinosaurs, spiking their share prices (unlike when gates, who just
loved that archaic BASIC programming language to death, etc., left; and then
the notorious problems with that ‘ms kernel’ that only people who know, KNOW).
Jobs indeed will be sorely missed! ] [ It should be
noted that the paranoid american criminals have once again, this time by way of
hack via microsoft (willing accomplice
as was att of jersey / dumbya bushland – deleted / I caught the problem and
have also installed opensource.org which I strongly recommend (at least a look
– won’t disappoint – I used same for the archived PDF post files) is free and a
breeze to use and though compatible with word and a multitude of other formats,
for now on these specific web site documents (I have image folders already
linked which would require at least a look) it’s easier and faster for the
time-being for me to add to the existing documents with word; but as is so of
america, microsoft’s a dinosaur) gave me a few problems, serious enough to
require a redo, which I have corrected / overcome; but believe me, I won’t
forget it! They will be sorry! ]
States
Warned of $2 Trillion Pensions Shortfall [ This is a very big deal! ] US
public pensions face a shortfall of $2,500 billion that will force state and
local governments to sell assets and make deep cuts to services, according to
the former chairman of New Jersey’s pension fund. Afghan drug war stumbles ] Rendition:
Where the War on Terror Meets the War on Drugs Patrick Henningsen
| It’s time to ditch the policies we have come to tolerate for decades before
they consume what is left of our moral core. I’ve experienced the corrupt
inter-relationship of the government (all 3 corrupt branches) and the illegal
drug trade / obstruction of justice / bribery first hand, particularly the
courts / u.s. attorneys offices (ie., alito – now u.s. supreme court justice –
quid pro quo for his complicity / cover-up), feds; see immediately after
article excerpt for links / summary. …“Evidence points to aircraft – familiarly
known as “torture taxis” – used by the CIA to move captives seized in its
kidnapping or “extraordinary rendition” operations through Gatwick and other
airports in the EU being simultaneously used for drug distribution in the
Western hemisphere. A Gulfstream II jet aircraft N9875A identified by the
British Government and the European Parliament as being involved in this
traffic crashed in Mexico…” In 2004, another torture taxi crashed in a field in
Nicaragua with a ton of cocaine aboard… Mexican soldiers found ..132 bags
containing 3.3 metric tons of cocaine. The origination of the Gulfstream’s
flight is unknown but it was destined for Cancun when it crash landed. Again,
here is the important point: that same Gulf Stream II was one of the very same
planes chartered to the CIA for the rendition of suspected terrorists
prisoners. Gulf Stream II crashed in Mexico with 3 tons of
cocaine on board ..it should not be surprising that this illegal practice of rendition
has in some part, been used as a well-run smokescreen for another
borderless illegal operation- an extremely lucrative international transfer and
delivery of cash and narcotics .,,These
flights are not subject to regular customs checks, inspections or normal
regulations as they move seamlessly between destinations in the US, Britain,
Europe, Middle East, Central Asia, Cuba and possibly through US bases in
Turkey, Greece and Morocco… Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.). NSA beats
warrantless wiretap rap A Federal judge has dismissed a complaint against
the National Security Agency’s (NSA) Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and
corrupt costly bureaucracies. There must be such things
as parallel universes (I don’t really believe that, because there isn’t) or how
else do you explain the disconnect between reality, current and prospective,
and the wet dreams posited to keep the war funding / corporate welfare programs
alive in collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much higher. Even
israel apologist Cohen of The Washington Post alludes to the Vietnam analogy.
However, even if there were real goals beyond the poppy / heroin trade which
the Taliban had all but eradicated (there isn’t); even if america wasn’t
defacto bankrupt (america is); even if america wasn’t killing innocent
civilians in large numbers (war criminal nation america is); even if america’s
allies haven’t similarly helped to bankrupt themselves by way of this war (they
have); even if I hadn’t told you so (I did) ….. this war still was, is, and
remains a very bad idea! Consumer
spending rises, but less than expected (Washington Post) [ Almost all the
economic news has been worse than expected yet the stock market has continued
its rationality/gravity-defying ascent. That ominous disconnect between wall
street and main street among other current and prospective victims of the current
bubble / fraud which the frauds on wall street and insiders commission,
churn-and-earn at lightning computerized high-frequency trading speed and
ultimately sell into. It’s the now familiar story on fraudulent but apparently
immune from prosecution wall street. Moreover, all that pomo / fiat paper
currency printing has just begun to take its toll (see infra)] . Giving
retailers the gift of sales growth for the sixth consecutive month, consumers
flex their spending power in December. Nations
seek to keep lid on food prices (Washington Post) [ It’s not just food
prices and one thing is certain; there’s much worse to come and resisting the
insurmountable record deficit ridden, pervasively corrupt, defacto bankrupt
american propaganda is a first step to understanding how bad, as in
unprecedented. Drudgereport: $100 OIL: DEAL WITH IT Rising Gasoline Prices Put
Consumers in Sour Mood... UK WARNING: OIL PRICES MAY KILL ECONOMY AND THE COALITION...
[ No! It’s the debased, over-printed u.s. et als fiat currency which is killing
the economies though masked by the fraudulent wall street feel good, for them,
bubble and which lends credence to the calls for a new world reserve currency,
ie., juan, etc. ] EYES ON OPEC... Feds threaten to sue states
over union laws … [ but hands off the frauds on wall street they say ] ... Comprehensive List of Tax
Hikes in Obamacare... FT: What chance a US default? ]
Faced with rising international food prices, governments around the world
are cooking up measures to protect domestic supplies and keep prices from
rising at home. Related News The
Teflon Market Is Here [ Just ask the ‘Teflon Don’ … oh, right … he’s dead …The
pervasively corrupt frauds on wall street, the fed, and the u.s. government are
desperate to evade their unequivocal responsibility and overdue punishment
(prosecution, fines, jail, disgorgement) for the last and ongoing (toxic, worthless paper assets now marked to
anything) fraud diverting attention from their own culpability for the prior
bubble/crash and on-going financial / economic crisis, america’s worst economy
and prospects in america’s relatively short history with this contrived bubble
exceeding that precursor to the last crash; “this has never happened before, in
82 years of history”, and a crash is what’s a-coming. This is nothing short of
pathetic desperation that typifies the last gasp of the dead and dying,
figuratively of course. ] Roche
‘Calling this a “bullish” run might be a bit of an understatement. There has
been an unprecedented bid under the market since August 2010. The Bernanke Put
is well entrenched in everyone’s minds. This week ’s spike in jobless claims
was not enough to cause risk appetite to temper as it likely just reminds
investors that rising claims are what led to QE2 to begin with. Indeed, this is
a Federal Reserve that will not allow equity prices to falter to any
substantial degree. Nominal wealth creation has become the rally cry of a group
of economic thinkers who truly have no idea how to create sustainable economic
growth.
The
stats behind this bull market are even more remarkable than the rally itself
appears. As I noted in December the market literally could not
decline ZeroHedge
“As a point of reference the S&P
has been above the 10 day average for 30 days straight, and above the 50 day
average for 92 days straight. What is remarkable are some statistical findings
that pertain to the average’s movement with respect to the SMAs. Sentiment
Trader only 17 other times since 1928. ” Where
it gets scary, is that as pointed out, during this time the market has not
closed below the 10 DMA once during the past 30 days. And as Sentiment Trader
notes, “this has never happened before, in 82 years of history.”
Not much else needs to be said. The
teflon market is here.
Update : Some additional thoughts from Jeff
Saut
Herb Stein once remarked, “If something
can’t go on forever, it won’t!” And, the current “buying stampede” is now 90
sessions long, making it the longest one ever recorded in my notes of more than
40 years. Combine that with many other “finger to wallet” indicators suggesting
caution and I am currently just sitting. Indeed, sometimes me sits and thinks
and sometimes me just sits. As the astute Lowry’s organization opines, “Our
last short term sell-signal for aggressive traders was triggered on December
30th, when the 14-day Stochastic indicator dropped from overbought levels and
crossed below its moving average. A conventional short term sell-signal, for
culling selective stocks [from portfolios ], was registered as of
today’s market close (last Friday), when our Short Term Index dropped a total
of more than 6 points from its recent high of 104.” ‘
After seeing the price of gold continue to climb and
reading all the ...http://blogs.forbes.com/.../gary-shilling-says-housing-will-get-much-worse Gary Shilling Gary
Shilling , who predicted the U.S. housing collapse, says the stock market
is overvalued and foresees a “significant” selloff within a ... ]
Early in 2008, in his monthly Insight report, Shilling laid out
13 investment themes for the year ahead that proved to be 100% dead-on
accurate--a perfect 13-for-13--and they proved extremely profitable for his Insight
readers.
Here's a scorecard to show how Shilling's forecast
from 2008 has panned out:
1. Sell or
sell short homebuilder stocks and bonds.
2. If you
plan to sell your home, second home or investment home anytime soon, do so
yesterday.
3. Sell
short subprime mortgages.
4. Sell or
sell short housing-related stocks.
5. Sell or
sell short consumer discretionary spending companies.
6. Sell
low-grade fixed-income securities.
7. Sell or
avoid most commercial real estate.
8. Short
commodities.
9. Sell or
sell short emerging market equities.
10. Sell
emerging country bonds.
11. Buy
the dollar before long.
12. Sell
or sell short U.S. stocks in general.
13. Buy
long Treasury bonds.
Gary Shilling released 12 New
Strategies for thriving during the market melt-down . We call
it his "Bear Market Tool Kit Gary Shilling's
Insight . And by subscribing now, you’ll ensure that you will receive Gary
Shilling’s investment strategies for 2011 and beyond.
Are the brokers and television analysts who
constantly parrot the "conventional wisdom" paying serious attention
to any of Shilling's predictions? Probably not. Gary looks for hidden investment opportunities
Gary has twice been
ranked as Wall Street’s top economist by polls in Institutional
Investor ; he was also named the country’s number one Commodity Trader
Advisor by Futures magazine. And in 2003, MoneySense ranked him
as the 3rd best stock market forecaster, right behind Warren Buffett. He also
challenges the consensus in appearances on CNBC .
Gary also has a long-standing reputation for
independent thought...and for getting it right. Back in 1969, he correctly
predicted, to the surprise of many, the 1969-1970 recession. In the early
1970s, he stood alone in predicting the severe 1973-1975 global recession. In
the late 1970s, when double-digit inflation was raging, Gary was nearly unique
in forecasting dwindling inflation rates as well as the wonderful stock and
bond markets that lay ahead.
Gary has been running away from the
herd for years, and he’s been nearly alone in making some early, and accurate,
calls:
•In early 1999, in the midst of the Internet stock
boom, Gary Shilling was nearly alone in warning of a collapse in tech stocks.
In January 2000, with stocks still strong, Gary Shilling said a major bear
market was at hand. In November 2000, he foresaw total declines of 30%-40% in
the Dow Industrials, 40%-50% in the S&P 500 and 70%-80% in the Nasdaq—right
on target with the overall decline of 35% in the Dow, 49% in the S&P and
78% in the Nasdaq.
•While bulls were talking up housing, Gary was nearly
alone for years in warning of a collapse well before the rest of the crowd saw
any signs that something was amiss.
Wouldn’t you have benefited from such insights? Gary
Shilling's Insight readers were not only well-prepared when the bad news
began to unfold, but were also equipped to make money while others suffered.
}
Downwardly
mobile in D.C. area (Washington Post) [ Well said, I love this … except,
not so limited to the d.c. area, but rather applicable to 21st century america
in general … the ‘downwardly mobile thang’ … except as to the relatively few as
to whom no laws nor rules of civilized behavior apply in any meaningful way …
you know, the ones who’ve plundered this nation, this nation’s treasury, this
nation’s people, and all the while plundering other peoples in other nations to
facilitate the schemes used in plundering the people of this nation (wall
street, the 3 strikes branches of government, war profiteers, etc.). ] For millions of Americans, the recession
has knocked them down the socioeconomic ladder. ANALYSIS
| Palin's 'blood libel' comment backfires Washington Post) [ God knows I’m no fan of sarah palin’s
although I am constrained to admit that as a fan of Saturday Night Live, I do
appreciate her contribution to comedic content in the show. That said, this new ‘tempest in a teapot’ of
her own making is a bit overdone. After all, it should be common knowledge by
now, to put it mildly, that she is quite dumb; and, like that burnt out, dumb,
war criminal and moron, dumbya bush (see , ie., bushisms from bush the
brain-damaged moron http://albertpeia.com/bushisms.htm ),
she also has trouble with words; more specifically, the meanings of words. But
it is also true that wobama and his ilk have trouble with words and their
meaning, particularly when those spoken words are measured against what he
does, his ilk never seeming to discern the glaring difference … wobama the ‘b’
for b*** s***. Lamentably (by her) and unexpectedly for palin was her failure
to fully understand ‘that jewish thing’ attached to the phrase and the tender
sensibilities of those who previously have been among the ranks of what seems more
and more to be a somewhat offbeat fanclub of sorts. Yeah, that ‘never hear the
end of it’ jewish stereotype of paranoid sensibilities to religious / ethnic
prejudice / slur behind some word, phrase, or even a sneeze (spielberg’s
childhood memories) can wind up turning around and biting you in you’re a** !
Previously: Krauthammer: Beyond
Ariz., a reckless charge
(Washington Post) [ If it were only that simple; viz., a palin ( I’ve
previously said I’m more concerned with her level of stupidity, dumb enough in
an infantile way to prove she had gonads by pressing the button – never goin’
to happen, her being in that position), a beck, a bush, a wobama (Drudgereport:
OBAMA FLASHBACK: 'If They
Bring a Knife to the Fight, We Bring a Gun'... , etc.,
there’d be hope for pervasively corrupt defacto bankrupt america. The fact is,
the problem is inherent to america / americans themselves as I previously wrote
here and reiterate: Will: Half-baked
explanations for tragedy (Washington Post) [ Half-baked? Charlatans? The
foregoing are in no short supply in defacto bankrupt, meaningfully lawless,
pervasively corrupt, fraud prevalent america. See, for example, RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Moreover, Mr. Will as an oftimes
apologist for war criminal, pervasively fraud-prone, defacto bankrupt, etc.,
america, with crime rates exceeding by far those of any other so-called
civilized nations, might indeed find himself among those he’s so categorized.
Among the last separate page sections to my website will be a somewhat detailed
psychoanalytic evolutionary profile of the u.s. (one might ask who am I to do
so which is fair comment to which I would reply, read it, or not, your choice).
However, for the nonce, let me say that the it is no small coincidence that the
20th century has been dubbed ‘the american century’. That the 20th
century has been considered the bloodiest is at once the natural concomitant of
the foregoing reality. Keeping in mind the so-called ‘selective’ processes in
both insurance (adverse) and evolutionary (Darwinian) terms, and as well, the
psychology of it all from a behavioral perspective, america has indeed evolved.
From the genocide of indigenous populations, to outlandish propaganda in
support of same (ie., that ‘manifest destiny’ balderdash with overtones of
religiosity spoonfed since elementary school, etc.), to contrived conflict /
war, such, euphemistically bad behavior has been reinforced, some of which
conditioning not always purposeful, ie., the ever greater frauds perpetrated on
wall street for which there have been in large part no real punitive
consequences to the perpetrators; but, to the contrary, great financial rewards
though substantially detrimental to the majority. Despite the surface appeal,
that oft asserted ‘blue-blood’ distinction doesn’t pass muster. Aside from the
few seeking seeking religious freedom (ie., Puritans among some others), most
then new americans were such disaffected rejects of their former homelands that
desperation at best was motivation for travel to the wilds of the ‘so-called
new world’ as opposed to intelligent, rational choice; criminals, mentally ill,
the not-so-bright but ruthless populating the new nation in disparate numbers
toward the ends consistent with greed and common criminality, corruption, and
venality. As of the age of the dinosaurs, the american century has passed into
the annals of a history replete with self-generating terrorism within and
without (that blowback thing). DRUDGEREPORT:
NATION SHOCKED: CONGRESSWOMAN
SHOT IN TUCSON ] Clinton pushes for economic and political
reforms in tour of Middle East (Post, January 13,
2011) Clinton
expresses solidarity with Arabs on Mideast tour
(Post, January 13, 2011; 4:05 PM) Diehl: Mideast
threats that can't be ignored (Washington Post) [ Amazing what not running
for prospective office can do for balanced thinking, but still not quite. After
all, who doesn’t know outside of america / israel that the biggest Mideast
threats are … america / israel and those nato allies that are but lapdogs of
the former. Moreover, some real scrutiny of and self-analysis by the aforesaid
is in order before purporting to be advisors to any nation at all. ]
Tax
cuts hinder Obama's plans (Washington Post) [ Plans? What plans? Wobama’s
become the proverbial gumball machine; viz., put a nickel in, get a gumball of
your choosing. Even his teleprompter has more integrity / credibility than he.
Campaign promises, words, plans based on both, are nowhere to be found in the
failed presidency of wobama in wobamaland.
] Without deeper budget cuts or fresh revenue, officials will have a
tough time meeting the president's targets for tax-code overhaul and deficit
reduction.
U.S.
urges China to open market, heed intellectual property laws (Washington
Post) [ Pretty please,with a cherry on top, and lots of sugar … that’ll work …
riiiiight! After all, based upon realities, economic, financial, geo-political
(– that perpetual war thing and america’s pervasive corruption / fraud from
wall street to all three brances of the u.s. government and ops, see, for example, RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) who should be giving whom
advice. ] Commerce secretary says
Beijing's policies of protecting domestic industries will no longer suffice.
Henry
Kissinger: Our
challenge with China (Washington Post) [ Boy … talk about playing both
sides of the fence … H.A.K. as in hack … as in a blood-sucking leach of a
political hack! To the point, kissinger is a self-interested, greedy zionist
whose professional advice to war crimes nation israel has included cordoning
off illegal israeli occupied Palestinian territories and massacreing indiscriminantly
and completely the people, innocent men, woman, and children, therein. That
China’s rising and pervasively corrupt, defacto bankrupt america’s in
ineluctable decline is a foregone conclusion; and, even more to the point, in
no small part owing to kissinger’s efforts / policies on his patrons’ (that
economic shift to China cheered enthusiastically by ceos and wall street alike)
and particularly his own behalf. Little late to the party, mr. hak … after all,
what precisely did he do … that kissinger associates thing … for the money …
worse than those ‘run-of-the-mill’ lobbyists in d.c. (among the other alphabet
soup kitchens, cia, nsa, et als, think stink tanks, etc.). That america will
try to stop China’s rise is almost the natural concomitant to perpetual war /
pervasively corrupt / defacto bankrupt america’s intractable decline is also a
foregone conclusion. That either nation would be dumb enough to embark upon a
collision course of self-immolation is not (although america’s self-destructive,
in addition to destructive tendencies is a reality lost on no one). ] Initial
Jobless Claims Rise 35,000 ‘NEW YORK (TheStreet ) -- The number of Americans filing unemployment
claims unexpectedly rose last week, the Labor Department said early Thursday.
The advance figure for seasonally adjusted initial claims increased by 35,000
to 445,000 in the week ended Jan.8, the highest level since October. Economists
were expecting initial claims to drop to 405,000, according to consensus
estimates from Bloomberg. Estimates ranged from 400,000 to 415,000…’
An
Amazing Statistic About Our Abnormal Market [ The only thing amazing is
that no one has come forth to state how preposterous this ‘modern day miracle
of computerized programming technology’ can make unreality so appealingly and
seemingly real that all are swept away with this tsunami of b*** s*** until
it’s too late, which as preceding other crashes, seems furthest from thoughts,
mind, and plausibility until invariably, grim reality comes a-calling and this
scenario as before will end as before especially quite badly. ] ‘Rev Shark
at Realmoney.com posted an amazing statistic which I believe he found at
sentimenttrader.com.
According to Sentimentrader.com, the S&P 500 has
now gone 92 days without closing below its 50-day moving average. That has only
happened 17 times since 1928. But what is really amazing is that over the past 30 days, we haven't
closed below the 10-day moving average even once. That has never happened in
the last 82 years of market history.
As I've stated multiple times, it is not the rally we
are experiencing that is strange, it is the total inability to pullback at any
point that is boggling to anyone who has more than 6 months of market history
under their belt.
[chart]
Don't forget in September and October we did not
close below the 13 day moving average for 2 months in a row. Indeed other than
a hiccup caused by Ireland, we might be working on the 5th month of no
pullbacks.
This is an abnormal market. Anyone using historical
context to trade is lost at sea. Congratulations to Mr. Brian Sack, the
Bernank, and his POMO crew for
making a mockery of traditional somewhat 'free' markets
Nevertheless, balance sheet policy can still lower
longer-term borrowing costs for many households and businesses, and it adds to
household wealth by keeping asset prices higher than they otherwise would be.
Amen Brian. In the future I'd just eliminate the
middle man (primary dealers) and just buy SPY futures directly on a daily
basis, much more efficient than our current charade. Granted that removes the
Wizard of Oz effect (don't look behind the curtain - it's magic), but at least
it would be intellectually honest. (I know, I know - primary dealers don't
"buy stock directly" blah blah)
[Jan
6, 2010: Charles Biderman of TrimTabs Claims US Government Supporting Stock
Market] ’
Contours
of a large and lasting American presence in Iraq starting to take shape
(Washington Post) [ Wow! Sounds
like a plan … though hardly embraced by all; viz; the vast majorities in Iraq,
Afghanistan, and defacto bankrupt america are against this with dire
prospective consequences to follow. U.S.
Promises to be in Afghanistan Beyond 2014 [ Defacto bankrupt america can
afford it! Riiiiight! Sounds like a plan … for enhanced heroin production, war
profiteering, etc., benefiting the few to the detriment of the many. ]New
York Times | Biden met with Karzai and promised a lasting American
commitment to the country well beyond 2014, when NATO forces are scheduled to
turn over security of the nation to Afghan forces. ] Treasury
secretary urges China to accelerate currency reform (Washington Post) [ Riiiiight! Well that
sounds like something the Chinese will buy into, coming from defacto bankrupt
america … sounds like a plan … for fantasyland! ] Beijing’s policy is hampering
U.S. competitiveness and harming the Chinese economy, Geithner says. Economic
recovery is on track (Washington Post) [ What? That (as per fed)
no-recession recession (depression) thing’s over. Certainly for the frauds on
wall street who caused the thing in the first place that’s true with the new
bubble and at what now insurmountable cost
(record $14 trillion plus debt – Faber: US will be using 30% of total
tax revenues just to pay interest on the national debt within a few years …
see, infra … )Fed's beige book reports gains in manufacturing and retail
sectors. Housing industry remains weak. E.U.
seeks to expand bailout fund to calm markets (Washington Post) [Nyaradi
The
Sick Man Tries to Save the Terminally Ill (
I can’t recall the specific phrase, but applied
here it goes something like this, ‘Japan with
a debt to GDP ratio of 200% is going to save Europe, but who’s going to save
Japan’. Let’s get real
here as the u.s. house-building with decks, as in Titanics and reshuffled /
rearranged deck chairs, of cards, as in ‘houses of cards’, becomes insanely
ubiquitous worldwide and will systemically (now globally) end quite badly. This
is an especially great opportunity to sell / take profits since there is much,
much worse to come. ) Nyaradi ‘It was a quiet
day yesterday for ETFs and stocks in world markets as most exchange traded
funds recovered recent losses amid reduced tensions in Europe.Incredibly,
Japan’s intent to buy European bonds was the catalyst for the more positive
atmosphere in Europe, and as the title of this article suggests, this is truly
the sick man trying to save the terminally ill…see infra… ’ ]
ANALYSIS
| Palin's 'blood libel' comment backfires Washington Post) [ God knows I’m no fan of sarah palin’s
although I am constrained to admit that as a fan of Saturday Night Live, I do
appreciate her contribution to comedic content in the show. That said, this new ‘tempest in a teapot’ of
her own making is a bit overdone. After all, it should be common knowledge by
now, to put it mildly, that she is quite dumb; and, like that burnt out, dumb,
war criminal and moron, dumbya bush (see , ie., bushisms from bush the
brain-damaged moron http://albertpeia.com/bushisms.htm ),
she also has trouble with words; more specifically, the meanings of words. But
it is also true that wobama and his ilk have trouble with words and their
meaning, particularly when those spoken words are measured against what he
does, his ilk never seeming to discern the glaring difference … wobama the ‘b’
for b*** s***. Lamentably (by her) and unexpectedly for palin was her failure
to fully understand ‘that jewish thing’ attached to the phrase and the tender
sensibilities of those who previously have been among the ranks of what seems
more and more to be a somewhat offbeat fanclub of sorts. Yeah, that ‘never hear
the end of it’ jewish stereotype of paranoid sensibilities to religious /
ethnic prejudice / slur behind some word, phrase, or even a sneeze (spielberg’s
childhood memories) can wind up turning around and biting you in you’re a** !
Previously: Krauthammer: Beyond
Ariz., a reckless charge
(Washington Post) [ If it were only that simple; viz., a palin ( I’ve
previously said I’m more concerned with her level of stupidity, dumb enough in
an infantile way to prove she had gonads by pressing the button – never goin’
to happen, her being in that position), a beck, a bush, a wobama (Drudgereport:
OBAMA FLASHBACK: 'If They
Bring a Knife to the Fight, We Bring a Gun'... , etc.,
there’d be hope for pervasively corrupt defacto bankrupt america. The fact is,
the problem is inherent to america / americans themselves as I previously wrote
here and reiterate: Will: Half-baked
explanations for tragedy (Washington Post) [ Half-baked? Charlatans? The
foregoing are in no short supply in defacto bankrupt, meaningfully lawless,
pervasively corrupt, fraud prevalent america. See, for example, RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Moreover, Mr. Will as an oftimes
apologist for war criminal, pervasively fraud-prone, defacto bankrupt, etc.,
america, with crime rates exceeding by far those of any other so-called
civilized nations, might indeed find himself among those he’s so categorized.
Among the last separate page sections to my website will be a somewhat detailed
psychoanalytic evolutionary profile of the u.s. (one might ask who am I to do
so which is fair comment to which I would reply, read it, or not, your choice).
However, for the nonce, let me say that the it is no small coincidence that the
20th century has been dubbed ‘the american century’. That the 20th
century has been considered the bloodiest is at once the natural concomitant of
the foregoing reality. Keeping in mind the so-called ‘selective’ processes in
both insurance (adverse) and evolutionary (Darwinian) terms, and as well, the
psychology of it all from a behavioral perspective, america has indeed evolved.
From the genocide of indigenous populations, to outlandish propaganda in
support of same (ie., that ‘manifest destiny’ balderdash with overtones of
religiosity spoonfed since elementary school, etc.), to contrived conflict /
war, such, euphemistically bad behavior has been reinforced, some of which
conditioning not always purposeful, ie., the ever greater frauds perpetrated on
wall street for which there have been in large part no real punitive
consequences to the perpetrators; but, to the contrary, great financial rewards
though substantially detrimental to the majority. Despite the surface appeal,
that oft asserted ‘blue-blood’ distinction doesn’t pass muster. Aside from the
few seeking seeking religious freedom (ie., Puritans among some others), most
then new americans were such disaffected rejects of their former homelands that
desperation at best was motivation for travel to the wilds of the ‘so-called
new world’ as opposed to intelligent, rational choice; criminals, mentally ill,
the not-so-bright but ruthless populating the new nation in disparate numbers
toward the ends consistent with greed and common criminality, corruption, and
venality. As of the age of the dinosaurs, the american century has passed into
the annals of a history replete with self-generating terrorism within and
without (that blowback thing). DRUDGEREPORT:
NATION SHOCKED: CONGRESSWOMAN
SHOT IN TUCSON ] The
Sick Man Tries to Save the Terminally Ill [
I can’t
recall the specific phrase, but applied here it goes something like this,
‘Japan with a debt to GDP ratio of 200% is going to save Europe, but who’s
going to save Japan’. Let’s get real here as the u.s. house-building with
decks, as in Titanics and reshuffled / rearranged deck chairs, of cards, as in
‘houses of cards’, becomes insanely ubiquitous worldwide and will systemically
(now globally) end quite badly. This is an especially great opportunity to sell
/ take profits since there is much, much worse to come. ] Nyaradi
‘It was a quiet day yesterday for ETFs and stocks in world markets as
most exchange traded funds recovered recent losses amid reduced tensions in
Europe.
Drudgereport: World moves closer to food
price shock... OIL NEARS $100... Soaring commodities... PALIN CALLS OUT MEDIA 'BLOOD
LIBEL'... VIDEO... Death Threats at
'Unprecedented Level,' Aides Say... ABCNEWS: She 'once again has
found a way to become part of the story'... CBSNEWS: 'Plays the victim
card'... NBCNEWS: 'Ignorant' for using
'blood libel' term... Assange claims 'insurance'
files on Rupert Murdoch; Says China Top Threat to WIKILEAKS... ‘In this week's New Statesman, WikiLeaks
founder Julian Assange talks to John Pilger about Bradley Manning, his
"insurance" files on Rupert Murdoch and Newscorp - and which country
is the real enemy of WikiLeaks. To read the entire feature, pick up a copy of
this week's New Statesman available on newsstands from tomorrow. Some
highlights of the piece are below: The "technological enemy" of
WikiLeaks is not the US - but China, according to Assange. "China is the
worst offender," when it comes to censorship, says the controversial
whistleblower. "China has aggressive and sophisticated interception
technology that places itself between every reader inside China and every
information source outside China. We've been fighting a running battle to make
sure we can get information through, and there are now all sorts of ways
Chinese readers can get on to our site." On Bradley Manning - the US
soldier accused of leaking the diplomatic cables to WikiLeaks - Assange says:
"I'd never heard his name before it was published in the press." He
argues that the US is trying to use Manning - currently stuck in solitary
confinement in the US - to build a case against the WikiLeaks founder:
"Cracking Bradley Manning is the first step," says the Australian
hacker. "The aim clearly is to break him and force a confession that he
somehow conspired with me to harm the national security of the United
States." Such conspiracy would be impossible, according to Assange.
"WikiLeaks technology was designed from the very beginning to make sure
that we never knew the identities or names of people sub¬mitting material. We
are as untraceable as we are uncensorable. That's the only way to assure
sources they are protected." Yesterday, Assange's lawyers warned that if
he is extradited to America, he could face the death penalty - for embarrassing
the leaders of the US government. "They don't want the public to know
these things and scapegoats must be found," says Assange. And despite the
pressure the website has been under, reports of trouble at WikiLeaks are
greatly exaggerated, claims Assange. "There is no 'fall'. We have never
published as much as we are now. WikiLeaks is now mirrored on more than 2,000
websites. I can't keep track of the spin-off sites - those who are doing their
own WikiLeaks... If something happens to me or to WikiLeaks, 'insurance' files
will be released." The contents of these files are unknown, but, according
to Assange, "[t]hey speak more of the same truth to power." It is not
just government that should be worried about the content of these files,
however. "There are 504 US embassy cables on one broadcasting organisation
and there are cables on Murdoch and News Corp," says Assange. The attempts
by the US to indict Assange should worrying the mainstream press, he adds.
"I think what's emerging in the mainstream media is the awareness that if
I can be indicted, other journalists can, too," says Assange. "Even
the New York Times is worried. This used not to be the case. If a whistleblower
was prosecuted, publishers and reporters were protected by the First Amendment,
which journalists took for granted. That's being lost." Goldman
Sachs self-eval calls for disclosure of operations (Washington Post) [ Self-evaluation? Goldman-sachs? Don’t make
me laugh! … Oh, right … they don’t cheat, they just steal / defraud! ] Goldman is trying to turn the page on a
bad year (as in huge bonuses … that bad … riiiight!) . Chinese military tests fighter jet ahead of
Hu's meeting with Gates China
tests stealth aircraft before Gates, Hu meet (Post,
January 11, 2011; 6:12 PM) Chinese general to visit U.S. base in small
sign of thawing military ties (Post, January 12,
2011; 1:21 AM) Small sign of thawing?
Yeah, maybe … so small you’d need a electron microscope to see it … as gates
melted at the prospect of China’s latest new addition to their defensive
arsenal, which they can afford, as defacto bankrupt america drowns in
perpetual, contrived / self-created / self-destructive wars. ] China's
exchange reserves hit record level (Washington Post) [ Relations, relationship, reserves. I’d say
proportional … as in terms of, ie., rationality … as in, ie., relative
abundance; viz., China having substantially greater reserves and rationality
than irrationally, pervasively corrupt, meaningfully lawless, perpetual war
despite defacto bankrupt america.
] The thorniest problem in
economic relations between the United States and China is getting worse, just
as the world's two biggest economies prepare for a summit next week in
Washington. Meyerson: Culture
of paranoia (Washington Post) [ That ‘for us or again’ us’ dichotomy that
flourished with unbridled enthusiasm and encouragement by lesser brains
typified by burnt out war criminal and moron dumbya bush & co certainly
gained traction with the bushlander failed regimes; but, truth be told, to the
surprise of many, the same mindless approach to all things domestic and
international has under wobama’s failed regime proved to be the coup de grace,
the ‘straw that broke the camel’s back, etc.. Indeed, the continuation of the
perpetual war policy despite the defacto bankruptcy of the nation has made
wobama’s failed presidency merely icing on what has become the american upside
down cake. From no pros of the frauds on wall street to increased war spending
and runaway deficits, wobama the ‘b’ for b*** s*** has proven the more america
‘changes’ the more america stays the same … in rate of decline, that is. Talk
radio … all b*** s*** with a few convenient facts interspersed for relevance.
I’d say liberal talk radio is worse in that if they’re not comin’ down hard on
wobama (I presume they’re not), then all their rhetoric in the bush years was
hot air. And hot air is what they are which is the reason d’etre for that
little on/off switch which is all the censorship that’s needed. That’s what I
use for the blowhards … and it works extremely well! ] ]
Four Financial Farces That Will End in Disaster Summers ‘At this point the news out of the financial world is more insane than
… well, just about anything.
Farce #1: Japan Can Bail Out Anything.
First
off, Japan, which has a debt to GDP ratio of 200%, is bailing out Europe, which
has a smaller but equally disturbing debt problem. Yes, one broke country
(Japan) is now trying to bail out an entire economic union, despite the fact
that it hasn't succeeded in managing its own finances or economy in over 20
years.Indeed, the idea that Japan could bail out anyone when it’s failed to
create any substantial economic growth despite spending trillions of yen should
give you an idea of just how out of control the entire financial system has
become. We are literally in the end game now. Unless Martians come down and
start bailing out Earth, the Great Sovereign Default will be in full effect
within the next six months.
Farce #2: Inflation Is at 1%.
Meanwhile,
Ben Bernanke claims that inflation in the U.S. is at 1%. President Obama has to
maintain that this is a fact with a straight face next week when he meets with
French President Nicolas Sarkozy, who is witnessing food riots in Algeria due
to soaring food prices.The Fed has claimed inflation is under control for
months now, proving that its members must not eat food, drive cars, or know how
to read. Indeed, in order to ignore rising prices in the U.S., you would
literally have to not shop for groceries, not pump gas into your car, not read
the newspaper, and not have access to the Internet or any financial news
outlet.I sincerely hope that the Fed is not run by folks who fit this
description, but after reading the next two farces, I’m not so sure.
Farce #3: QE Is Working.
Various
Fed officials have stepped forward to claim that its Quantitative Easing
program has worked. Correct me if I’m wrong, but I thought the whole purpose of
QE was to lower interest rates.How then do you explain the following? [chart]As
you can see, interest rates have soared since the Fed implemented QE 2. It’s
not like QE has helped the U.S. economy either; food stamp usage has hit new
records since it began.And yet the Fed claims that QE is not only working, but
we need more of it. However, even that farce pales compared to the next and
final financial farce of today’s essay.
Farce #4: The Folks Managing the Fed’s QE Efforts Have No
Investing Experience.
Then,
of course, there’s the recent revelation that the Fed’s monetary policies
involving the purchasing of trillions of U.S. Treasuries are in the hands of
folks aged 26, 29, and 34, none of whom have any investing experience
whatsoever.And they’re in charge of buying up trillions in U.S. debt.If, at
this point, it’s not clear that the entire financial system is not a disaster
waiting to happen, then I don’t know what else to say. Indeed, our entire
system is built on fraud and managed by folks who don’t know what they’re
doing. And if you think they’ll steer us to safety, consider that around the
globe we’re already beginning to see signs of systemic collapse.Indeed, I
believe we are in fact on the verge of another round of deflation which will
take prices down across the board as the U.S. dollar rallies. However, this
period will be short-lived as it will be followed by a U.S. dollar collapse
soon after.At that point, the next stage is the paper currency collapse, the
stage at which inflation accelerates as the U.S. dollar collapses, destroying
purchasing power while inflation hedges explode higher.Some, like the most
popular picks (gold and silver bullion), will record strong gains. However,
others (the ones that 99.9% of the investment world are currently clueless
about), will go absolutely parabolic.’
Drudgereport: SILENCE: RI Gov. bans state
employees from speaking on talkradio... Dem Congressman: If Violent
Rhetoric Didn't Cause This Shooting -- It Will Cause Next One! BILL CLINTON: 'WE NEED TO BE
CAREFUL ABOUT THINGS WE SAY' … [ How about, OR DO! ] ... OBAMA FLASHBACK: 'If They
Bring a Knife to the Fight, We Bring a Gun'... Dem rep urging 'civility' had
called for FL guv candidate to be shot... NEW PUSH FOR 'FAIRNESS
DOCTRINE'... MSNBC Matthews Cites Radio
Stars Mark Levin, Michael Savage As Reason For AZ Shooting... Dem Senator Fundraises Off
Murders... PISTOL
SALES SURGE AFTER AZ SHOOTING
Snow in 49 states including
Hawaii…[Sounds like that ‘Global Warming Thing’…Riiiiight!] ... Bank of China Brings Yuan
Trading to USA... China Stealth Test Upstages
Gates, Hu... France our biggest ally,
declares Obama: President's blow to Special Relationship with Britain... Sarkozy to be subject of
'hugely embarrassing' film...
Merger
would create largest U.S. utility (Washington Post) [ Well, sounds like a
plan. That trend to ‘bigger the better’ / too big to fail thing. Down only a
penny in today’s trading. I’d call that a vote of confidence by fraudulent wall
street. Why, you can almost hear the wall street frauds cheering to the tune of
that familiar cheer, ‘We must, we must … increase the nation’s potential
economic bust … the bigger the better, the lesser the vetter … the better the
government boys will like us.! ] Duke Energy announces a $13.7 billion merger
deal with Raleigh, N.C.-based Progress Energy. Watchdog
over Afghan reconstruction resigns (Washington Post) [ Wow! Sounds like he
really meant business … which also meant, congress ‘hearing footsteps’ so to
speak, that he had to go. After all, applying a stringent standard that
promises to do something about fraud and corruption is a standard that would
threaten the entire u.s. government … all three branches. ] Arnold Fields, the head of the office
charged with investigating corruption in the multibillion-dollar effort to
rebuild Afghanistan has resigned, the White House said, following congressional
demands that he be replaced.
Government
contractor ATS shifts gears (Washington Post) [ Now granted … this is northern virginia, alphabet soup kitchen
territory (part of the Washington d.c. governement mob)… rivaled in corruption
only by such other pervasively mob infested states as jersey (multi-ethnic
mob), new york (Italian, jewish, irish, wall street), Connecticut (whatever new
york and d.c. says, mob), California (multi-ethnic mob, young gangs movin’ up,
local government / bureaucracies mob), and of course the corrupt courts in all
5, but there’s somethin’ strange in the neighborhood here. I mean, 1 weak or I
mean 1 week tenure and probably want to just give him some money. "We need to do something to get those
shareholders replaced by other shareholders - whether it be one big shareholder
or several smaller ones," said Bersoff, ‘who was the company's previous
chief executive.’ This is the first statement of its kind I’ve ever encountered
in modern day finance, such as it is. Then there’s that ‘government contractor
thing’. Could it be that the michael corleones of the cia want to ‘legitimize’
their enterprises which have included illicit drugs, arms, etc.? All we really
know is that Sidney … Fuchs. ] CEO Sidney E. Fuchs resigns as the company
announces its intention to pursue strategic alternatives, including a possible
sale. China
as Europe's white knight? (Washington Post) [ White
knight? I don’t think so. Yellow night and day, I think yes. Not to impugn
their motives, but the Book of Ecclesiastes said it well: "What
has been is what will be, and what has been done is what will be done; and there
is nothing new under the sun "
Jun 18, 2007 ... John
Perkins' career as an economic hit man (EHM) has taken him all over
the globe. He details his activities as an EHM in his best-seller ...heartlanddiaryofbettyb.blogspot.com/.../confessions-of-economic-hit-man.html - Cached Similar
Mar 23, 2007 ...
Confessions of an Economic Hitman by John Perkins is an exclamation
point riddled history of a few financial manipulations of the Cold War ...cobb.typepad.com/cobb/2007/03/confessions_of_.html -
Cached Similar
Aug 9, 2006 ...
rustydude's diary :: :: The reason I bring it up within the ..... I am
thrilled to hear all this support for the Economic Hit Man book since
...www.dailykos.com/story/2006/8/10/04532/7753 - Cached Similar
Jul 13, 2010 ... In 2008,
Greek writer/director Stelios Koul made a documentary about Perkins entitled “Diary
of an Economic Hit Man .” ...www.thewrap.com/.../cinema-libre-acquires-economic-hit-man-19179 - Cached
]
Traders are speculating that cash-rich China may step in and buy hard-hit
European bonds. Can
the Unshortable Market Be Shorted? [ I do not consider short-selling an
investment strategy, but rather a speculation that is only for the extremely
few, lucky and hence successful
speculators who are also capable and prepared to lose more than their
investment principal.] TraderMark ‘I have called this the unshortable market
for many months as it acts very strangely. Again it is not so much the move up
that is strange as the total inability for even short-term pitstops in the
months of September, October, December and thus far January. November was an
outlier event due to Ireland ...save for those headline events, I am sure
November would have acted similar to the other months. Frankly, as a
contrarian, when you hear people talking about unshortable markets you want to
fade that...but doing so the past many months would have ripped your face off.
So do we just give up until Jul 1 and QE2 ends? I doubt it will be that
convenient. During QE1, there were at least a few pullbacks...summer 09 comes
to mind. Further, almost every strategist now thinks SP 1400 to 1425 is in the
bag for year end 2011. The problem is, we are about 10% away from that target
just days into the year. Considering there are 11 more first days of the month
this year (which are now almost always up) and 51 more Mondays (which lead to morning
gap ups about 80% of the time nowadays) that does not leave much leeway for
Monday afternoons through Friday for price appreciation. Unless we are headed
to a repeat of fed-induced bubble mania circa 1999…’New
Ponzi Scheme: Blame Bernie [ Which one? Which ‘weak end at bernie’s’?
Bernie bernanke or madoff? As usual, where’s the DOJ? ‘The SEC seeks an
injunction, DISGORGEMENT and civil penalties’. Now note that that disgorgement
thing has yet to be applied to the gargantuan frauds on wall street. Indeed,
now flush with cash from legislative (mark to anything change in FASB rules)
and fed (new bubble) help, the frauds on wall street are cashing out bonuses
exceeding $144 billion. For those who think there’s no economic damage
attendant to such frauds as those perpetrated by the frauds on wall street
which the computer-programmed high-frequencey churn-and-earn continuing as we
speak, take further note of this disaster called the defacto bankrupt u.s.
economy that the slicker, though less blatant than the fraud that follows which
pales in comparison to that bailed out by the u.s. taxpayers at great long-term
cost to the nation. ] Singer
‘Frankly, it’s becoming a bit of a broken record. According to a Securities and
Exchange Commission (SEC) Complaint filed on January 6, 2010, a number of
Defendants perpetrated a Ponzi scheme – yet another such allegation against
another group of alleged fraudsters. Securities and
Exchange Commission, Plaintiff, vs. Raymond P. Morris, E & R Holdings, LLC,
Wise Financial Holdings, LLC, Momentum Leasing, LLC, James L. Haley,
Cornerstone Capital Fund, LLC, Vantage Point Capital, LLC, Jay J. Linford
Freedom Group, LLC, and Luc D. Nguyen, Defendants NOTE: The SEC Complaint contains only
allegations. The Defendants are presumed innocent of the charges and it will be
the government’s burden to prove the Defendants’ guilt at trial.
Illinois
faces steep tax increases to meet fiscal crisis (Washington Post) [ This is
only the beginning of this continued ultimately hyperinflationary depression
with much worse to come. How
the recession imploded states' finances (Washington Post) [ This is truly no joke! Municipal
Debt Threatens U.S. Economy Lim ‘The debt crisis that has taken down banks,
and even countries, threatens more than 100 American municipalities this year.
According to Meredith Whitney, who works as a US research analyst, local and
state debts are the biggest concerns to the US economy today. It is large
enough to derail economic recovery.
She said that,
There’s not a doubt on my mind that you will see a
spate of municipal bond defaults. You can see fifty to a hundred sizable
defaults – more. This will amount to hundreds of billions of dollars’ worth of
defaults.
American states and cities have a total debt load of
around $2 trillion.
New Jersey government Chris Christie summarized it
clearly,
We
spent too much on everything. We spent money we didn’t have. We borrowed money
just crazily. The credit card’s maxed out, and it’s over. We now have to get to
the business of climbing out of the hole. We’ve been digging it for a decade or
more. We’ve got to climb now, and a climb is harder…’ Video:
State pensions face 'death spiral' Wash.Post (It’s not just state and local
… it’s national, ie., social security, medicare, Medicaid, veterans, etc., and
as well, some companies. ) Sept. 15 (Bloomberg) -- U.S. state pensions such as
Illinois, Kansas and New Jersey are in a "death spiral," with assets
at many insufficient to cover benefits, payouts consuming a growing portion of
resources and costs rising twice as fast as investment gains. Bloomberg's
Monica Bertran reports. (Source: Bloomberg) (Bloomberg) ] While experts call Illinois's plight the
worst in the nation, many states are grappling with the perils of air-brushing
structural budget problems rather than implementing difficult tax increases or
service cuts. White
House to extend more support (to overcome widespread suspicion and
anti-americanism) to Pakistan (Washington Post) [ Well, there you have it. Another
victory notched up for defacto bankrupt, war criminal nation america. Sounds
like a plan … you know, that winning hearts and minds thing … destroy the
country, kill their people, have contractors siphon off the cash (with
kickbacks of course). Victory americana … Riiiiight! ] Offer aimed at overcoming widespread
suspicion and anti-Americanism in nation, which is seen as a vexing but crucial
partner in anti-terror efforts
Data
point to economy crawling out of downturn (Washington Post) [ I don’t
believe anything the u.s. government et als says or reports. What Today's Job Numbers Aren't Telling You Simon Maierhofer, On Friday January 7, 2011, 6:10 pm EST
Health-care
repeal vote looms (Washington Post) [ Starting with real / unspun data
/ facts is the wisest course, and such should be conveyed to the taxpayers who
ultimately pay, including the bloated salaries of the corrupt, incompetent
‘washingtonians, federal employees, bushies, obamanoids, etc., CBO Says Repeal Would Reduce
Spending by $540 Billion... The Congressional Budget Office,
in an email to Capitol Hill staffers obtained by the Spectator , has
said that repealing the national health care law would reduce net spending by
$540 billion in the ten year period from 2012 through 2021. That number
represents the cost of the new provisions, minus Medicare cuts. Repealing the
bill would also eliminate $770 billion in taxes. It's the tax hikes in the
health care law (along with the Medicare cuts) which accounts for the $230
billion in deficit reduction…’ ] … Right
to undo? Panel | How much should Republican House leaders focus on
undoing past
initiatives versus creating their own new ones? | Weigh
in
Twain
needs no fixin' (Washington Post) [ I quite agree with Ms. Parker,
particularly in this digital age which facilitates such censorship which can be
accomplished with such ease and an environment as in the self-created paranoid
u.s. replete with pervasive corruption, incompetence, and criminality where
perpetrators / criminals therein cry out for more cover-up / censorship all in
the self-destructive name of ‘war on terror’, jingoistic patriotism, etc.. I’m
against almost all censorship (subject
to very limited exceptions, ie., ‘yelling fire in a crowded theater, kiddy
porn, etc., except that the u.s. courts are so corrupt and venal that they can
no longer be trusted to responsibly apply those limited exceptions to narrowly
defined exceptional circumstances. See, for example, RICO case
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm )
. DRUDGEREPORT: NYT
SATURDAY: NUMBER OF COMBAT INJURIES IN AFGHANISTAN APPROACHES IRAQ-WAR
LEVELS... DEVELOPING... 'WE'RE
DIGGING OUT OF A HOLE' ‘…Barack Obama is a cooked goose. He is absolutely
the most incompetent president of the U.S. ever, so he continues to spin the
numbers in such a manner that might make him look good. News for him: NOTHING
will make you look good. Pretty is skin deep, incompetence goes clear to the
bone. "Let his days be few; and let another take his office." Psalms
109:8- RightStuff, Texas, USA, 7/1/2011 19:45
You know what happens when you keep digging a hole - you reach China and
that is what is going to finish the americans and Obamarama...- Olrik, Canada,
7/1/2011 19:41
'We're digging ourselves out of a hole' - Barack Hussein Obama To get
out of a hole you've dug so deep, is to STOP DIGGING, fill it up with soil so
you can climb OUT OF THE HOLE. STOP SPENDING OBAMA! STOP PRINTING MONEY! The US
dollar is weakening against YUAN of China. Republicans better start cutting all
spending, defund/repeal Obamacare, America is flat BROKE! If Republicans can't
rein all spending created by Pelosi and her peons, their DEBT would be BIGGER
than their economy.- Observer, over here, over there, 7/1/2011 19:33
Well the ammo index is still down, I guess having 3,000 rounds is
enough- NVBob, Richland WA USA, 7/1/2011 19:31
Fill in the hole, with Obama in it, at the bottom!- Stan, St Louis,
Missouri, USA, 7/1/2011 19:30
Jobs report an 'utter
mess'... ‘…However, some economists were less optimistic.
'It's a bit of a mixed bag,' said Ryan Sweet, an economist at Moody's
Analytics. Many analysts hoped to see larger job gains, and the drop in the
unemployment rate is unlikely to be sustained, he said. 'The labour market
ended last year with a bit of a thud,' he said…’ China plans $1.3 billion
'seven-star hotel'... China Backs Europe, Euro for
Investing Reserves... REPORT: Too much fluoride in
US water... Parker: Is
a Correction Inevitable? [Short answer: YES! ] Vistesen ‘The signs are
clear: risk is overloved, overbought and overextended but does this necessarily
spell the inevitable correction? [Short answer: YES! ] (click for larger
image) [chart] Plan
B Economics points to the obvious that oftentimes in the world of
investing, a choir chiming for an event to unfold is the best bet that it will
not occur.
I’ve had a pretty good sense in the past knowing when
the “correction” trade is overcrowded. I gotta say that I definitely sense that
now. Bulls are on guard for a correction and bears are calling for one too. In
fact, I’ve never seen such a unanimous call for a correction as I do now in a
long time. Near the low of the day I saw a headline from bigcharts.com that
said some portfolio manager claimed the January correction has started. The
market didn’t even go in the red for the year yet and this guy’s already saying
the correction has started? Talk about being over-eager. I believe this group
think call for a correction means that a correction either won’t happen or will
be quite shallow, well below expectations.
As a good friend of mine noted that this is like
second-guessing the second-guesser. Market timing is best performed when
frontrunning the crowd, not standing in the middle shouting like everyone else.
On the technical side, I would like to see two (or three) straight days of
declines in the SPY before calling it.The more interesting point is how deep
(or shallow) it will be. A move to the 50 day MA marker would be something like
4.15% and come at around 1221 at current levels. Sounds about right to me.’ [
Vistesen’s clearly an unbridled optimist! ]
Drowning
in Debt Nyaradi ‘ Everywhere I looked yesterday, the world seemed to be
drowning in debt.
DRUDGEREPORT: NYT SATURDAY: NUMBER OF
COMBAT INJURIES IN AFGHANISTAN APPROACHES IRAQ-WAR LEVELS... DEVELOPING... 'WE'RE
DIGGING OUT OF A HOLE' ‘…Barack Obama is a cooked goose. He is absolutely
the most incompetent president of the U.S. ever, so he continues to spin the
numbers in such a manner that might make him look good. News for him: NOTHING
will make you look good. Pretty is skin deep, incompetence goes clear to the
bone. "Let his days be few; and let another take his office." Psalms
109:8- RightStuff, Texas, USA, 7/1/2011 19:45
You know what happens when you keep digging a hole - you reach China and
that is what is going to finish the americans and Obamarama...- Olrik, Canada,
7/1/2011 19:41
'We're digging ourselves out of a hole' - Barack Hussein Obama To get
out of a hole you've dug so deep, is to STOP DIGGING, fill it up with soil so
you can climb OUT OF THE HOLE. STOP SPENDING OBAMA! STOP PRINTING MONEY! The US
dollar is weakening against YUAN of China. Republicans better start cutting all
spending, defund/repeal Obamacare, America is flat BROKE! If Republicans can't
rein all spending created by Pelosi and her peons, their DEBT would be BIGGER
than their economy.- Observer, over here, over there, 7/1/2011 19:33
Well the ammo index is still down, I guess having 3,000 rounds is
enough- NVBob, Richland WA USA, 7/1/2011 19:31
Fill in the hole, with Obama in it, at the bottom!- Stan, St Louis,
Missouri, USA, 7/1/2011 19:30
Jobs
report an 'utter mess'... ‘…However, some economists were less optimistic. 'It's a bit of a mixed
bag,' said Ryan Sweet, an economist at Moody's Analytics. Many analysts hoped
to see larger job gains, and the drop in the unemployment rate is unlikely to
be sustained, he said. 'The labour market ended last year with a bit of a
thud,' he said…’ China
plans $1.3 billion 'seven-star hotel'... China
Backs Europe, Euro for Investing Reserves... REPORT:
Too much fluoride in US water... CBO
Says Repeal Would Reduce Spending by $540 Billion... The Congressional Budget Office, in an email to
Capitol Hill staffers obtained by the Spectator , has said that
repealing the national health care law would reduce net spending by $540
billion in the ten year period from 2012 through 2021. That number represents
the cost of the new provisions, minus Medicare cuts. Repealing the bill would
also eliminate $770 billion in taxes. It's the tax hikes in the health care law
(along with the Medicare cuts) which accounts for the $230 billion in deficit
reduction…’
Republicans
reject cost estimate on health repeal (Washington Post) [
One thing’s certain … they’ll agree to disagree … $14 plus trillion and
counting and wobama the b for b*** s*** and co are worried about a couple
hundred billion … tax cuts to the rich …
(Davis ‘… This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE!) ‘ Then again, look at the war spending : Drudgereport: Congresswoman
calls Afghanistan 'national embarrassment'... 'Epic
failure'... Rep.
Lynn Woolsey (D-CA) talks about the "disastrous" war that is
Afghanistan. "This war represents an epic failure, a national embarrassment
and a moral blight," Rep. Woolsey said. [ True enough! Though broke,
they’re still voting for more war across the board. But even more than that,
this war is a blowback-creating, self-perpetuating, self-destructive,
self-defeating, colossally expensive debacle benefiting only the war profiteers
/ lobbies and attendant frauds while diverting attention from the more
’mundane’ tasks of governance of a failing, pervasively corrupt, defacto
bankrupt nation, viz., america. ] PENTAGON
BUDGET SLASH [ Riiiiight! … What’s $80 billion on a trillion dollar tab
especially with those off-budget special items whenever they so choose. ]: OBAMA TO CUT TROOPS ON ACTIVE DUTY FEDS
BREAK GROUND ON SUPER SPY CENTER (Riiiiight! More spending on those
ultra-efficient super-spies, ie., Iraq on a lie, illegal drug ops, 9-11 NORAD
ordered to stand down, etc., though u.s. defacto bankrupt)... New
Miami Police peeping drone may be first in country; ACLU approves... Man
Arrested for Having 'Suspicious' Bagel on Plane... Ex-CIA
officer charged with leak to NYT reporter... Packages Cause 'Flash Explosions' At 2 State Gov't Buildings in
MD... One
addressed to Gov... US
Treasury asks Congress to lift debt ceiling... Obama
calls Gibbs $174,000 salary 'relatively modest' ( Come on! In pervasively
corrupt, defacto bankrupt america, government jobs for the otherwise
unemployable at those levels are over-priced and over-valued, as are other
so-called executive jobs, ie., fraudulent wall street, etc.. Look at their
results! )... ] Boehner dismisses CBO forecast that rescinding law
would raise deficit by about $230 billion and leave 32 million more Americans
uninsured.
Apprehension ahead of Moqtada al-Sadr speech (Washington Post) [ What is he expected to say?:
Thank you america for bombing, invading, and destroying his nation based on a
lie? Thank you america for killing, maiming innocent children, women, and men?
Thank you america for all the depleted uranium you’ve left behind? Thank you
america for removing your america-supported mad-dog tyrant sadam hussein who
foolishly played into his cia handlers’ trap regarding that green light for
Kuwait invasion over the slant-drilling by the latter from April Glasspie. I
don’t think so, and I don’t think the rest of the world nor his fellow Iraqis
think so. ] Lawmakers across Iraq's
political and ethnic spectrums wait for word from anti-American Shiite cleric
Moqtada al-Sadr, saying his first address after returning from nearly four
years of self-imposed exile in Iran would likely say a lot about his approach
to Iraq's government.
Insurer
claims it was misled by Goldman Sachs on investment (Washington Post) [
Talk about understatements. After all, who hasn’t been misled by goldmen sachs
and fraudulent wall street generally, on investments. Don’t forget, the
worthless toxic paper commissioned and cashed out by wall street is still out
there in the trillions now marked to anything.
] One of Goldman's clients says it has sued the bank seeking $120
million in damages. Milbank:
Getting
creative with the Constitution (Washington Post) [ Constitution? Versions?
Meaningful laws? Why, this is almost analogous or akin to the late idi amin
reading the Ugandan constitution (1995) from his grave, certainly in terms of
folly! ]Constitutionalism
(WP) [ Come on! Constitution … meaningful american law … Don’t make me laugh!
Wake up from the deep american sleep! Going through the motions, flag pins,
etc., ad nauseum, like a bunch of zombies!
] Krauthammer: It's a promising
step to a conservative future. Wash
Post Staffer: Constitution Impossible to Understand Because It’s Over 100 Years
Old [ In a meaningfully lawless society as pervasively corrupt, defacto
bankrupt america, constitution / laws have become irrelevant in application and
effect. After all, even zimbabwe has a constitution / laws, but I dare say no
one would suggest they have any practical effect in reality, as is also so in
america. I therefore believe Mr. Klein is correct but for reasons other than
age and malleability. Indeed, anyone who has written a legal brief and
researched law in support thereof, ultimately realizes that almost invariably
one can find some case / law in support of almost any position. In america
today, it’s the bribe, one way or another, that carries the day and makes the
difference. Ask sam alito et als. That’s just the way it is in a declining,
fallen society as america, zimbawe, etc.. That’s certainly my direct, sworn
experience with these corrupt courts constituting (in large part along with the
other 3 branches) pervasively corrupt, defacto bankrupt america’s illegal
system. Senate convicts Clinton-appointed judge... Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) End those lifetime licenses to steal. ] In earlier
hearings, two attorneys who once worked with Porteous had testified that they
gave him thousands of dollars in cash, including about $2,000 stuffed in an
envelope in 1999, just before Porteous decided a major civil case in their
client's favor. ] Breitbart | On word that the House will open its next session
with a first-ever reading of the U.S. Constitution, blogger Ezra Klein suggests
that the Constitution is irrelevant due to its age and politically-malleable
language. ]Eight key economic decisions of the Obama presidency all point in
one direction. 1 in 6 Americans Live in Poverty Tradermark ‘One of the biggest mega trends
happening in America is the bifurcation of society between the haves and the
have nots. Many of the jobs the 'underclass' once did are gone forever, while
others spent freely when times were good, and when the tide turned, have little
buffer. [Dec 8, 2007: Do the Bottom 80% of Americans Stand a
Chance? Nov 5, 2010: USA Today - Anti-Poverty Programs Surpass
Cost of Medicare Sep 19, 2009: US Poverty Rises to 11 Year High - But
Still Vastly Understated May 25, 2010: 1 in 5.5 Dollars of American Income Now Via
Government; All time High Sep 7, 2009: Citigroup - America; A Modern Day Plutonomy AP
The number of poor people in the U.S. is
millions higher than previously known, with 1 in 6 Americans --
many of them 65 and older -- struggling in poverty due to rising
medical care and other costs, according to preliminary census
figures released Wednesday. At the same time, government aid
programs such as tax credits and food stamps kept many people out of
poverty, helping to ensure the poverty rate did not balloon even higher
during the recession in 2009, President Barack Obama's first year in
office. Under a new revised census formula, overall
poverty in 2009 stood at 15.7 percent, or 47.8 million people .
That's compared to the official 2009 rate of 14.3 percent, or 43.6
million, that was reported by the Census Bureau last September. Across all demographic groups, Americans
65 and older sustained the largest increases in poverty under the revised
formula -- nearly doubling to 16.1 percent . As a whole,
working-age adults 18-64 also saw increases in poverty, as well as whites
and Hispanics. Children, blacks and unmarried couples were less likely to
be considered poor under the new measure. The new measure will not replace the official
poverty rate but will be published alongside the traditional figure this
fall as a "supplement" for federal agencies and state
governments to determine anti-poverty policies. Economists have
long criticized the official poverty measure as inadequate because it only
includes pretax cash income and does not account for medical,
transportation and work expenses . (much like inflation, as
long as you don't eat, use energy, pay for healthcare, or have kids in
college - you are fine. For poverty as long as you don't go to the doctor,
need to drive to work, need daycare, or wear clothes at work - your income
is sufficient) "Under the new measure, we can clearly see
the effects of our government policies," said Kathleen Short, a
Census Bureau research economist who calculated the revised poverty
numbers. "When you're accounting for in-kind benefits and tax
credits, you're bringing many people in extreme poverty off the very
bottom." The official measure is based on a 1955
cost of an emergency food diet and does not factor in other living costs. (that
is perverse ) Nor does it consider non-cash government aid when
calculating income, which surged higher in 2009 during the recession. The effect was seen most notably among older
Americans. Under the official poverty rate, about 8.9 percent
lived in poverty, mostly because they benefit from Social Security cash
payments. But when taking into account out-of-pocket medical expenses and
other factors, that number rises to 16.1 percent. Among the findings:-Without the earned income tax credit, the poverty rate under the
revised formula would jump from 15.7 percent to 17.7 percent. --The absence of food stamps separately would
increase the poverty rate to 17.2 percent. those without
insurance tend to forgo medical care rather than find ways to pay for it.
[Feb 20, 2009: NYT - Newly Poor Swell Lines @ Food Banks
Nationwide
[Oct 22, 2010: Reuters - The Haves, the Have Nots, and the
Dreamless Dead
[Sep 3, 2010: FT.com - The Crisis in Middle America July 26, 2010: [Video] DatelineNBC - America's Increasing
Ranks of Poor
original article
As
euro zone expands, tension remains between weak, strong (Washington Post) [
Sounds like a scenario analogous to that in the USSAD, united soviet states of
american disunity. After all, how can you justify fraudulent (ie., wall street,
etc.) national sinkholes as mob corrupted new york, mob-infested, pervasively
corrupt jersey, etc..] German deficit
hawks gained an ally Saturday when Estonia became the 17th member of the euro
zone. U.N.
group warns of possible food crisis (Washington Post) [ Possible? How ‘bout
it’s already begun and hence, inevitable particularly since worldwide with few
exceptions in looking to the u.s. as analogous to the self-destructive
compulsion of an addict or drunk they’ve jumped on the american crazy train,
from perpetual wars, to profligate spending, to over-printing of fiat paper
currencies, to mark to anything burial and cover-up and no-pros of fraudulent
paper schemes of the fraudulent wall street ilk / variety, etc. ] The Food and Agricultural Organization
said Wednesday that the world faces a "food price shock" after the
agency's benchmark index of farm commodities prices shot up last month.
IRS
ombudsman: Heavy hand isn't working (Washington Post) [ Heavy hand, indeed;
but in reality, a weak one at that BECAUSE, you can’t pay what you don’t have …
then again, many people are wondering just what they’re paying for in these
admittedly hard times; viz., perpetual and protracted wars, bailouts for the
opulent frauds on wall street, profligate spending, rich plushly accoutered
federal jobs for slugs of different stripes and failed performance, etc..
] By making it harder for taxpayers to
get back on their feet, the IRS might actually reduce long-term tax
collections, an in-house report says. How
the recession imploded states' finances (Washington Post) [ This is truly no joke! Municipal
Debt Threatens U.S. Economy Lim ‘The debt crisis that has taken down banks,
and even countries, threatens more than 100 American municipalities this year.
According to Meredith Whitney, who works as a US research analyst, local and
state debts are the biggest concerns to the US economy today. It is large
enough to derail economic recovery.
She said that,
There’s not a doubt on my mind that you will see a spate
of municipal bond defaults. You can see fifty to a hundred sizable defaults –
more. This will amount to hundreds of billions of dollars’ worth of defaults.
American states and cities have a total debt load of
around $2 trillion.
New Jersey government Chris Christie summarized it
clearly,
We spent too much on everything. We spent money we
didn’t have. We borrowed money just crazily. The credit card’s maxed out, and
it’s over. We now have to get to the business of climbing out of the hole.
We’ve been digging it for a decade or more. We’ve got to climb now, and a climb
is harder.
Cities from Madrid to Detroit are struggling to pay
off even just basic services such as street cleaning. Ms. Whitney’s comments
are likely to put focus on municipal bonds. She is ranked as one of the most
influential women in American business. While working for Oppenheimer, a New
York investment bank, she predicted that Citibank will cut its dividends.
Although she suffered from a lot of criticisms then, her analysis proved to be
correct as the bank was forced to seek government bail-out. Ms. Whitney has
since started her own consulting firm.
Deficit Already Affecting Public Spending
American states have spent almost $500 billion more
than tax revenues. In addition, they face another $1 trillion hole in pension
funds. Already, Detroit is cutting road repairs, cleaning services, police, and
lighting expenditures which affects 20% of the population. The city has
suffered from nearly two decades of decline due to US auto outsourcing. It no
longer generates enough wealth to provide services to its 900,000 inhabitants.
Meanwhile, Illinois is suffering from similar ills after spending twice as much
as it generated in tax. It is already six months behind on creditor payments.
It owes $400 million to the University of Illinois alone and has 21% chances of
defaulting on its debts. According to CMA Datavision which is a derivatives
information company, this percentage is more than any other state. Other states
such as California and Arizona are also taking steps to solve their debt
problems. California has raised university tuition fees by 32% while Arizona
sold its Supreme Court and state capitol buildings before leasing them back.
Florida is another state that may be hit by a default; this state is the center
of a real estate boom that went best recently.
Philip Brown, the managing director of Citigroup in
London said that,
It’s all part of the same parcel: public sector
indebtedness needs to be cut, it needs a lot of austerity and it hit the
central government first, and now is hitting local bodies.
Unlike banks and other financial institutions,
“cities are their own”. According to Andres Rodriguez-Pose, a professor of
economic geography at the London School of Economics, “cities will have to pay
for their debts, and in some cases they will have to carry out dramatic cuts,
such as Detroit’s.” If there is a city that best symbolizes distressed local
finances, it is Vallejo in California. Vallejo is a former US navy town located
near San Francisco. It has entered into Chapter Nine bankruptcy protection in
2008 and the effects are still resonating up to this day. The city is trying to
negotiate with the unions, which has refused to accept a plan to cut salary two
years ago. Vallejo has a population of around 120,000 but it carries $195
million in unfunded pension obligations. The town does not have enough local
industry to sustain its finances; property tax collection dropped dramatically
upon the collapse of the real estate market. Vallejo is given a C rating by
Standard & Poor, the lowest level. US cities are more susceptible to
defaults than their European counterparts because it relies mainly on municipal
bonds while European towns depend on government bailouts and bank loans.
Gold Expectations for 2011
Now, let’s take a look at long-term gold chart
(courtesy of StockCharts.com ) to see how
bullion fared this week:
[chart]
Video:
State pensions face 'death spiral' Wash.Post (It’s not just state and local
… it’s national, ie., social security, medicare, Medicaid, veterans, etc., and
as well, some companies. ) Sept. 15 (Bloomberg) -- U.S. state pensions such as
Illinois, Kansas and New Jersey are in a "death spiral," with assets
at many insufficient to cover benefits, payouts consuming a growing portion of
resources and costs rising twice as fast as investment gains. Bloomberg's
Monica Bertran reports. (Source: Bloomberg) (Bloomberg) ] The recession blew a huge hole in the
already shaky finances of state governments, causing them to lose nearly
one-third of their revenue in 2009, according to a Census Bureau report
released Wednesday. World Food Prices Rise: Get Ready for the Riots? [ Food
Riots Next? FAO Says Food Prices Surpass Record Highs Seen During 2007-2008
Bubble infowars.com /
prisonplanet.com The last time food prices hit ridiculous levels, the immediate
outcome was global food riots in places such as Haiti and Bangladesh. ] Tradermark ‘As the 'financialization' of
every commodity of earth continues at pace, and easy money pours out of almost
every major central bank, we have now reached the point where food prices have
surpassed the record levels of 2008. [Feb
12, 2008: Wheat is Being Ruined by ... what else... Hedge Funds and Speculators ]
[Apr
28, 2008: Wall Street Grain Hoarding Brings Farmers, Consumers Near Ruin ] [Apr
6, 2008: Agflation Hits Rice - Prices Up 50% in 2 Weeks ] What happened back
then? Just some minor issues such as rioting in many '2nd' and '3rd' world
countries. Looks like we need to prepare for another hot summer. And
domestically those food stamps are not going to go quite so far as they used
to. [Nov
10, 2009: Walmart Executive - "There are Families Not Eating at the End of
the Month "]
rich via asset inflation . (I will stop by some local food banks to let them
know they can make some mad money in the markets to offset the rising prices)
Just remember to blame it all on China - that was a great excuse back in 08,
even though we saw once leverage was taken out of the financial system prices
of commodities suddenly crashed. This repeating epidemic has no relationship at
all with financial speculation at all. Nope.Mar
27, 2008: WSJ - Farm Lobby Beats Back Assault on Subsidies ] The main saving
grace at this time is rice, which is massively important in the East. Too bad
there is not a rice ETF or else speculators with Ben's easy money supply
and demand dynamics could push it up much more quickly.
Bloomberg :
World food prices rose to a record in December on higher sugar, grain and oilseed costs, the United Nations
said, exceeding levels reached in 2008 that sparked deadly riots
from Haiti to Egypt. An index of 55 food commodities tracked by the
Food and Argiculture Organizartion gained for a sixth month to 214.7
points, above the previous all-time high of 213.5 in June 2008, the
Rome-based UN agency said in a monthly report. The gauges for sugar and
meat prices advanced to records. Sugar climbed for a third year in a row in 2010,
and corn jumped the most in four years in Chicago. Food prices may rise
more unless the world grain crop increases “significantly” in 2011, the
FAO said Nov. 17.
Last month’s year-on-year rise compares with the
43 percent jump in food costs in June 2008. Record fuel prices, weather-
related crop problems, increasing demand from the growing Indian and
Chinese middle classes, and the push to grow corn for ethanol fuel all
contributed to the crisis that year. “In 2008 we had rapid increases in petroleum
prices, fertilizer prices and other inputs, ” Abbassian said. “So far, those
increases have been rather constrained . It doesn’t really reduce
the fear about what could be in store in the coming weeks or months.” In response to the 2008 crisis, countries from
India and Egypt to Vietnam and Indonesia banned exports of rice, a staple
for half the world. Skyrocketing food prices sparked protests and riots in
almost three dozen poor nations including Haiti, Somalia , Burkina Faso and
Cameroon. Rough rice last traded at $13.90 per 100 pounds
in Chicago , compared
with $20.21 at the end of June 2008. The surge in the FAO food index is
principally on the back of rising costs for corn, sugar, vegetable oil and
meat, which are less important than rice and wheat for food-insecure
countries such as Ethiopia, Bangladesh and Haiti.’
Israel
said it would keep Gaza near collapse: WikiLeaks Israel told US officials
in 2008 it would keep Gaza’s economy “on the brink of collapse” while avoiding
a humanitarian crisis, according to U.S. diplomatic cables published by a
Norwegian daily on Wednesday. Fed's
bond-buying strategy looks likely to run its course (Washington Post)
[ Neither rain, nor sleet, but only
depletion of trees for current and prospective fiat paper currency printing can
keep the no-recession-fed from their wall street obsessive market-frothing
rounds (which will end quite badly … as such always has … and always
will). ] Federal Reserve officials
appear unlikely to stop their controversial strategy of buying Treasury bonds.
Newly appointed judge, Maryanne Trump
Barry, Donald Trump’s sister, was assigned the RICO case despite the
conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard herself
and denied, and U.S. Trustee Hugh Leonard with whom I met personally
refused to join or file a separate motion to recuse and not long
thereafter left said office for private practice at Cole, Shotz, et als on
retainer with the RICO defendants as his primary client. Probative and evidentiary documents,
affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes
in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan
Lacey with whom I met personally at the U.S. Attorney’s Office in Newark,
N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO
and the court (I had known / previously met outside of court the judge
Ackerman through a client) was absolute bedlam and a total joke since
incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
October 15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the
Qui Tam provisions of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar)
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction
to the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
1. A judgment had been entered in my favor in
the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains unaccounted
for and which could be used for payment to creditors, Los Angeles, etc..
2. Counsel Robert Sullivan on my behalf
documented by way of certification upon investigation that Alan Shiff, USBCJ,
had falsely stated a dismissal upon which false statement he predicated a retaliatory
and spurious contempt proceeding against me causing substantial damage, and for
which he sought Judicial Notice of those and related proceedings as did I in
some of my filings.
3. The Order of Dismissal With Prejudice by
Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to
File Page 1 Page 2 ]
4. Defendant Coan had filed an action against
me to prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District
of Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - crossexamofcoanbypeia.pdf
]
5. Newly appointed judge, Maryanne Trump
Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict
of interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants, and
despite my motion to recuse her which motion she heard herself and denied, and
U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a
separate motion to recuse and not long thereafter left said office for private
practice at Cole, Shotz, et als on retainer with the RICO defendants as his
primary client.
6. Probative and evidentiary documents,
affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in
Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which
time Samuel Alito was U.S. Attorney, and went over said documents and their
probative value with him. Within approximately a month thereafter upon inquiry
I was told that Jonathon Lacey was no longer with the office, that the
file/documents could not be located, and that there was no further information
available concerning contacting him or his location. I thereupon delivered by
hand, copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case
he had brought, bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met outside of
court the judge Ackerman through a client) was absolute bedlam and a total joke
since incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had beds/cots
in the courtroom along with their moans during testimony and had the jury in
stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3rd circuit, despite the absence of judicial experience
or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is
the same Sam Alito that now sits on the purported highest court in the land.
The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor
creditors, nor I should continue to have been damaged by this brazened corrupt
and illegal scenario, which should be resolved in accordance with the
meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with
the line, computer connection may be the reason but I hesitate to chance
greater non-performance / worsening by their ‘fix’ so cell phone best for
contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can reasonably
be presumed to have been tampered with, and hence, a violation of the federal
statute concerning same. ]
Protection
bureau to hire general's wife (Washington Post) [ Wow! Sounds like a plan! Talk about insiders and concentrations
of power. After all, would you argue with anything sweet Holly Polly Petraeus
proffered with the full weight of the military behind her. Somehow, though I’m
not goin’ to talk ‘bout smell tests here (you know, that ‘weight of the
military thing’), there seems to be something amiss, not quite right here,
‘cause what and why Hollywood do this or that …’ ] Holly Petraeus will lead Consumer Financial Protection Bureau's
Office for Service Member Affairs. Regional
unemployment edges down in November (Washington Post) [ No surprise there with the layer upon layer
of bureaucracy, including the alphabet soup kitchens, viz., cia, nsa, dod, doj,
etc., whose ranks can include loads of temps, gophers, waiters, ‘runners’, (you
know, make-shift / make-work jobs, etc., to froth numbers, despite the nation’s
defacto bankruptcy and reality beyond the bubble. Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘…
Unemployment is up again! That’s right – even though Wall Street is swimming in
cash and the Obama administration is declaring that “the recession is over”,
the U.S. unemployment rate has gone even higher. So are you enjoying the
jobless recovery? … There is a sea of red ink on every level of American
society. It is only a matter of time before it destroys our economy. IF YOU THINK THAT THINGS ARE BAD NOW, JUST WAIT. THINGS
ARE GOING TO GET A WHOLE LOT WORSE. A HORRIFIC ECONOMIC COLLAPSE IS
COMING, AND IT IS GOING TO BE VERY, VERY PAINFUL.’
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron Task is the host of Tech
Ticker. You can follow him on Twitter at @atask [email protected]
Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘
] The Washington region's unemployment
rate dipped only slightly in November from a year ago. New
Congress, old style (Washington
Post) [ Come on! It’s articles like
this, particularly lately by Mr. Milbank, that’ve been hurting my eyes and ears. One party /
administration more corrupt than another in pervasively corrupt, defacto
bankrupt america? You’d need a micrometer to discern the difference. Those dogs
don’t hunt no more. It’s not so long ago that one can’t remember (Reagan /
bush) Iran Contra (which was just another excuse for operatives / cia / etc.,
to enrich themselves via illegal drug trade / arms which they’d do anyway but
wrap themselves in the flag as so-called patriots for legal protection, ie.,
that so-called purported ‘technicality’ (bribe) that threw out knucklehead
accomplice ollie north’s felony, etc., dumbya bush’s war crimes, war on a lie,
wall street’s rampant and protected fraud, war profiteering, the clinton
scandalous, etc., years. All three branches of the u.s. government are
hopelessly and pervasively corrupt. (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . But, let us also grudgingly admit that any
accusation of corruption in american government is at least on its face, true;
because, it really is true despite the concomitant reality of the ‘pot calling
the kettle black’ scenario. ] Milbank: The new
GOP majority and its leader, Eric Cantor, are acting a lot like the Dems they
beat. Short-Term, High-Probability Mean-Reversion Indicator:
Overbought Readings Continue to Increase XLB here QQQQ
Short-Term High-Probability, Mean-Reversion Indicator – as of
close 1/03/10
Benchmark ETFs
* S&P 500 (SPY Dow Jones (DIA * Russell 2000 (IWM NASDAQ 100 (QQQQ
Sector
ETFs
*
Biotech (IBB * Consumer Discretionary (XLY Health Care (XLV Financial (XLF * Energy (XLE GDX * Industrial (XLI * Materials (XLB Real Estate (IYR Retail (RTH SMH USO XLU
International
ETFs
*
Brazil (EWZ China 25 (FXI * EAFE (EFA * South Korea (EWY
Commodity
ETFs
*
Gold (GLD
Ultra
Extremes
* Small Cap Bear 3x (TZA * Small-Cap Bull 3x (TNA UltraLong QQQQ (QLD * Ultra Long S&P 500 (SSO * Ultra Short S&P 500 (SDS TBT
Disclosure: I am short XLB
When
the Going Gets Tough, Governments Seize Private Pensions Depew ‘If you were
of an Austrian economics bent, and could read Polish, you'd find this article
from Mises.pl , about governments
seizing private pension funds to make up for revenue shortfalls, fascinating.
But perhaps you cannot read Polish? Very well. The Christian Science Monitor
has an English version of the article translated via The Adam Smith Institute Blog .
The most striking example is Hungary, where last month
the government made the citizens an offer they could not refuse. They could
either remit their individual retirement savings to the state, or lose the
right to the basic state pension (but still have an obligation to pay contributions
for it). In this extortionate way, the government wants to gain control over
$14bn of individual retirement savings.
I sure hope the U.S. government doesn't touch my private
pension. Wait, I want a private pension!’ [They already have!] Beware
of the Wall Street Pump Job The Housing Time Bomb [ The old new pump and
dump! ]’ Articles
like the one below really bother me after the rally we have seen in the
past two years:
Is the retail investor returning to stocks?
My Take: really the time to buy stocks after the equity markets have
basically doubled since the lows?There are just as many money managers advising
caution in our current investment environment as there are money managers who
are advising investors to take on more risk. There are severe structural issues
with our economy that are not going away, and it angers me that just about
every article out of the media slants their articles into suggesting that you
should buy stocks.Shouldn't the media be totally skeptical of Wall St. after
watching equities plummet 50% twice within the same decade? Also,
let's not forget that these are the same criminals that just finished putting
of millions of Americans into homes that they cannot afford which are worth 30%
less than what they paid for them.Shouldn't the press be relentlessly hammering
Wall St after causing Americans so much financial pain in the last decade? I
don't get it:Why does Wall St. always get a free pass when they destroy
America's 401k's? Why isn't the article above titled "Is Now the
time to sell stocks after a 90% rally?" The media needs to
understand that they have a responsibility when they write this kinda fluff. To
be fair Reuters did toss in a paragraph in the middle of the piece warning of
the risks of getting into stocks:
Still, some advisers are being very cautious.William
Jordan of William Jordan Associates in Laguna Hills, California, says he is
telling clients not to increase their stock exposures."As good as the past
two years have been, you can't say the stock market is undervalued. I'm not
bailing out, but I'm advising people to take some profits."Clients also
are encouraged to stick with their investment plans. Scott Smallman, a Seattle
broker for Wedbush Securities, said he has been checking to see if the stock
market rebound has pushed some stock exposures too high."When markets are
good, our job is to talk clients down from the ceiling," said Smallman,
who on Monday encouraged some clients to consider buying municipal bonds."
The Bottom Line If it was only attention that was lacking there’d
be at least a modicum of hope. The really sadly here is that most understand so
little of what’s going on and those that do (understand) are want to report it;
you know, mum’s the word, code omerta, no party-poopers allowed, etc.. ]
Dodd-Frank
and the Return of the Loan Shark Wall
Street Journal | In the name of consumer protection, Congress has
pushed more Americans outside the traditional banking system.
The Rise of the New
Global Elite The Atlantic | Two
separate economies are emerging from the economic crisis as the elite get
richer and the middle class join the ranks of poor.
National
/ World
The Global
Elite’s “ENDGAME” for Humanity Infowars | Canadian
author, blogger, and philosopher Stefan Molyneux of freedomainradio.com joins
the show to discuss several key issues. Big Pharma is preparing to exploit the
new swine flu scare, news on the economy, and more.
Keiser
Report: Monsanto and the Seeds of Evil RT | This time, Max Keiser and co-host, Stacy Herbert,
about the US State Department’s genetically modified retaliation against
France, more missing billions in Afghanistan and shopping frenzies in Britain.
Gladio
reprise: More False Flag Operations Wayne
Madsen | There are already signs that the paradigm shift from
Islamist terrorism to leftist anarchism is already occurring.
The
Madness Of A Lost Society 2: Final Warnings Youtube | We didn’t stand up for truth, we didn’t stand up
for the Constitution, we didn’t stand up for the rule of law. And now the day
of reckoning is upon us. Please, prepare. Obama
Picks Mobbed-Up Wall Street Insider For Powerful Administration Role Reports
that Barack Obama is considering naming William Daley, a JPMorgan Chase &
Co. executive and former U.S. Commerce secretary, to a powerful position within
the White House, serve as a reminder that while posing as a squeaky-clean man
of the people, Obama is the ultimate establishment lackey.
Falling
birds likely died from massive trauma The thousands of birds that fell from
the sky just before midnight New Year’s Eve in Arkansas likely died from
massive trauma, according to a preliminary report released Monday.
Is
The New Madrid Fault Earthquake Zone Coming To Life? What in the world is
happening in the middle of the United States right now? Thousands of birds are
falling dead from the skies, tens of thousands of fish are washing up on shore
dead, earthquakes are popping up in weird and unexpected places and people are
starting to get really freaked out about all of this.
500 Dead Birds
Found In Louisiana Town Around 500 dead blackbirds and starlings have been
found in Pointe Coupee Parish, according to state wildlife officials. Lindsay Lohan Moves Out Of Hollywood
& In To Venice, CA TV.com [ Public Enemy No. * - Right … No! This is ridiculous! In California of all
places (where crime rates, including violent serious crimes, as in america
generally are understated across the board and yet america can boast the
highest crime rates in world by far. After all, didn’t that pathetic former
male model / actor / pretender schwarzenegger cut by more than half the
sentence for murder / manslaughter to politically juice his own end of days
scenario. Schwarzenegger is living proof of the substantial brain damage
attendant to steroid use. The ‘tough on crime change meister’ … What a total
gutless wonder and fraud schwarzenegger turned out to be … and no small wonder
he’s pluggin’ for a position in the wobama administration. ) ]
Due to conflicting reports as to whether or not Lindsay Lohan is
actually out of rehab right now, we aren't entirely sure where in the world the
troubled starlet is at the moment. Palm
Desert PD Gunning for Lindsay From the Get-Go TMZ.com People:
Lindsay Lohan may go back to jail San Jose Mercury News What it took to get the defense spending bill
passed Drudgereport: NATIONAL DEBT TOPS $14 TRILL Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron Task is the host of Tech
Ticker. You can follow him on Twitter at @atask [email protected]
Timid
Tuesday: Is it Safe? Davis ‘… This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ ] Israeli
troops kill Palestinian man at checkpoint in West Bank
(Washington Post) [ Could you imagine if it was a jew who was killed.
Beyond the stereotype which is easily envisioned, you’d never hear the end of
it. But israel sees no need to adhere to laws governing the civilized throughout
the world, from illegal nukes, to u.n resolutions (ie., 343, 338, etc),
international law, etc., and hence, the strife we see in the region and
throughout the world. ] U.S.-built
infrastructure is deteriorating (Washington Post) [ At first glance, I
thought this article was miscategorized as a national story in the World
section. Indeed, there’s no denying the truth of the title as to america
generally, domestically. Yet, the tragedy is that the tainted, destructive,
self-defeating wars for america have been a boon for war profiteers, frauds of
all stripes, when this defacto bankrupt america is sorely in need of repair,
replacement of its own shoddy, aging infrastructure suffering from the domestic
equivalent of similar scams, kickbacks, shoddy workmanship and all. After all,
it got to the point that they didn’t even go through the motions / façade and
actually flew $12 billion in hundred dollar bills into Iraq which to this day
is unaccounted for / unprosecuted … like the wall street frauds, since the
worthless toxic paper cashed out by wall street is still out there in the
trillions now marked to anything. ] Roads, canals and schools built in Afghanistan
as part of a special U.S. military program are crumbling under Afghan
stewardship, despite new steps imposed over the past year to ensure
reconstruction money is not being wasted, according to government reports.
Bank
of America settles loan dispute with Fannie, Freddie (Washington Post) [
Guess they’re just looking for some year end bonus money (maybe not, depending
on the controls, if any, if enforced – they weren’t last year). After all,
though I believe the wall street frauds have been cashing out, albeit somewhat
surreptitiously by way of QEs 1,2, etc., and for ever more worthless
over-printed fiat dollars, that ‘toxic’ worthless paper is still out there in
the many trillions marked to anything. Indeed, Davidowitz
adds that with record numbers of americans on food stamps, real unemployment at
17+, wall street is giving out record bonuses from their accomplished fraud
(with no-recession b.s. bernanke help) of $144 BILLION … Fannie Mae and Freddie Mac have accepted
$2.8 billion from Bank of America to largely put to rest claims that the bank
sold them faulty loans. Incoming
House GOP chairmen have a long list of issues to investigate (Washington
Post) [ Yeah … Sounds like a plan! … One that requires backtracking at least to
dumbya bush days and war based on a lie with wobama taking up where dumbya bush
left off; viz, that perpetual war thing though the nation’s defacto bankrupt.
Then there’s the still no pros for the largest and most massive securities
fraud in the history of the world with consequences still extant to the tune of
trillions in toxic / worthless paper now marked to anything they so choose as
per legislative mandate via FASB rule change (bush’s and surprising to some
wobama’s base) . A full plate, there is no doubt. But, butt, just posturing,
politicking, don’t look for anything of consequence though there’s plenty
there. Then there’s zionist peter king of the national sinkhole new york ( / new jersey- Bankrupt
Government Has Plans For Your Unused Gift Cards. [Mob infested, (and like america, generally) pervasively corrupt,
meaningfully lawless and defacto bankrupt toxic, disgusting jersey is just
doing what they’ve done for at least decades … no surprise here. (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ] Jason Douglass ‘…Saving up this years gift
cards to make a large purchase? You better use them up fast because state
governments like New Jersey think they have a better use for that money. In an
attempt to save themselves from obvious mismanagement, state authorities have
begun steps to confiscate the balance left on your unused gift cards. Arguably,
gift cards are one of the biggest scams going. Most consumers have been exposed
to gift card’s eccentricities and know how impossible it is to use all the
money on the card. Then, once the transaction is complete, it is twice as
difficult to get the remainder of the balance left on the card in cash. Now our
public officials want to get in on the scam.Large amounts of unused cash are
locked away in these effective little marketing devices and New Jersey thinks
they have a right to seize that money from you. In fact, they’ve already taken
the steps to do just that…’ ]
Profit
From the Rally's Inevitable End: My Correction Wish List Invest Chief ‘As we say goodbye to 2010, we look towards
the future and what 2011 will bring. As you may or may not know, bullish
optimism hit historical highs for the outlook of 2011. I mean you could find
the wildest outlooks, such as Dow 20,000, housing crisis solved, unemployment
6%, etc.There was certainly no shortage of ridiculous claims that will not come
true. The point is, the best way for success in the markets is to simply roll with
the punches. Whether the Dow goes to 6,000 or 60,000, you must roll with the
punches and profit from the changes. If you are too focused on a certain Dow
level or other catalyst, you may be waiting for a long time, missing out on
profits along the way.The first “punch” investors are going to get is a
correction. The Dow had a huge run in December and investors will be taking
profits as they had begun to do in the last few trading days in 2010. It is
advised that you take profits and wait for the correction. While the correction
is occurring, select a “wish list” of companies that you would like to snatch
up at cheaper prices. That way all you have to do is place orders. The homework
to value your stocks should be your reasoning to place them on your “wish
list”.I have my “wish list” ready to go. Here are a few of my stocks that I am
planning on buying during the correction:
Royal Shell Corp (RDS.B Harford Financial (HIG Diana Shipping Inc (DSX First Niagara Financial (FNFG
Shell is one of the best integrated oil
plays right now. It pays over 5% dividend, P/E of 13.3, financially stable,
good cash flow. It should also be noted that Shell recently inked a huge deal
with Qatar, which should help boost earnings no doubt.Hartford was devastated
by the 2008 crisis, dropping from its high of $66 the stock now stands at
26.50. Hartford is the most undervalued company its industry, in cash flow.
Also, it has a P/E of 11. Hartford has a good management team behind it and it
will surely blossom as the economy recovers.
Diana Shipping has been catching big
money’s attention lately. Diana is pretty undervalued with a P/E of 7.8. Diana
outpaces the rest of its industry in ROE, debt/equity, growth, and cash flow.
Diana is a great stock if you want exposure to bulk shipping. A well known
competitor of Diana Shipping is DryShips (DRYS . Based on value, Diana is a better
call.First Niagara is a regional bank with 171 branches in the Northeast United
States. First Niagara is one of the stronger regional banks which makes it a
good takeover play. First Niagara weathered the recession well and they pay a
4% dividend. The only major problem I have with FNFG is the fact that they have
a sizable amount of debt on their balance sheet but like I said, this is a
pretty good takeover play and they pay a nice dividend while you wait. Another
regional bank I would recommend for 2011 is East West Bancorp (EWBC .The message I am trying to get
across is that you should always have a list of desired stocks that you would
like to pick up when a pullback occurs. Regardless, it is always important to
do your homework on a stock to understand if that stock fits your investing
style.
The best way to profit in the stock
market is always being prepared for the inevitable. A correction is coming;
stocks are just too expensive right now after the huge rally we have had. It is
time to take some profits and wait patiently for a pullback and pick up some
great names at a cheaper price…’
Market
Crash on 1/31/11? Technical
indicators suggest market collapse may begin by January 31st
Is
This a Major Market Top? [ Truth be told, there was a time when I read Barron’s
with great regularity (no more). I never missed Alan Abelson’s incisively sharp
wit and the market laboratory, the latter being supplanted by readily
accessible numerical data on the web. I also don’t recall Alan Abelson ever
being wrong and I don’t think he’s wrong here, particularly when you consider
the costs, fraud, and insanity underlying this manipulated and inflated stock
market which bubble is at best a (contrived) bull cycle in a secular bear
market. ] Roche ‘With economic recovery still in doubt and sentiment readings
at their highest levels since the S&P 500 topped in 2007, some market
prognosticators find the latest surge in stocks to have been irrational. There
is now a near universal belief that stocks have but one direction to go and
that has some investors feeling uneasy. This
weekend’s Barron's showed the diametrically opposing views as two of their
leading columnists (Alan Abelson and Mike Santoli) discussed why they believe
this is a major market top (or not).
Abelson refers
to a certain veteran market technician (whom he doesn’t identify):
And he shares our concern about the epidemic of
optimism that has gripped the Street, manifest in any number of wildly bullish
forecasts for the market in 2011. It is the kind of explosive optimism that is
usually witnessed, he says more in wonder than rue, at market tops, either
temporary or something worse.
He doesn’t buy the argument that the huge stash of
cash supposedly sitting on the sidelines is a guarantee of a steady source of
fuel for the equity rally. Rather, he calls that hefty pile of cash, which is
being augmented by a fresh infusion from fixed-income investors now that bonds are
getting clocked, “scared money.” It belongs, he elaborates, to folks who all
this time have been leery of committing their dough to stocks but, thanks to
December’s quantum leap in share prices, have grown increasingly fearful of
missing the next leg up, and are itching to put all that scratch to work.
That such nervous-newbie equity buyers will stay the
course and step up their buying after the initial, inevitable correction is
hardly a given. Our bet is that they would jackrabbit out at the first hint of
trouble.
The peerless technician is also bothered by the
leadership of the end-of-the-year rally. More specifically, the shares of
commodity-related companies are in the vanguard of the advance at a time when
China, the big global buyer of virtually every commodity known to man, is
striving to rein in inflation. It is no accident, he suggests, that Chinese
stock markets have been lagging, and he feels they may prove a pretty good
precursor for our own dear market.
In sum, he sees stocks making at least a temporary
top early in the new year. It’s hard to say, he readily admits, just how bad or
enduring a setback equities will suffer. But obviously, he’s talking something
more substantial than a flickering decline or a tiny crack.
Santoli’s case against a major market top has been
more commonly discussed:
The reasons the bulls are bullish are also pretty
universally agreed upon. The industrial economy has gathered some momentum, the
emerging markets are surging, companies are flush, profits look set to rise
decently again, the Federal Reserve is seeking new ways to penalize risk
aversion, taxes won’t go up and the market tends to do well in the year after a
midterm election.
And we can add to the list the likelihood that
another financial-engineering cycle is just getting into gear, so expect lots
of equity-friendly refinancings by stretched companies, re-leveraging by
cash-rich ones and buyouts hither and yon.
The thing is, it’s all pretty much true. And because
of that, and given that stock valuations are not excessive, it’s tough to think
a likely pullback or worse would signal some major top.
Indeed, the happy feeling and the recent climb in
margin borrowing and drop in short interest, by one way of looking at them,
simply show that what has been a bull market for the better part of two years
is finally being viewed as one. The last time we had such a run of investor
optimism, indeed, was late 2004, before a calm but not terribly exuberant year.
The risk, then, is more about the near term, about
expectations of ease meeting some unforeseen complication early this year, and
that what’s likely to be a firm fundamental and technical case for riskier
financial assets in 2011 has, to a fair degree, been priced in by the market
lift of late 2010.
Interestingly, both appear to agree that the major
risk is in the near-term. Santoli, however, clearly believes any sell-off will
prove to be a buying opportunity. Abelson tends to still be in the bear market
camp. Major market top or a prelude to a continuation of the bull market? Only
time will tell.
Source: Barron's’
January Barometer - As January Goes,
so Goes the Year? Simon Maierhofer , On Monday
January 3, 2011, 6:40 pm EST Did you know that there are two seasonal
patterns with an accuracy ratio of 90% or higher? This is no joke. The numbers
don't lie, but there is one caveat.The January Barometer has a 90% rate of
success. The essence of the January Barometer is simple, as January goes, so
goes the year. If January is up, the entire year will be up and vice versa.
90% Accuracy - Too Good to be True?
From
1950 to 2008 this pattern has played out most of the time. There were only five
times when it outright failed and seven times when it wasn't exactly accurate.
According to the Stock Trader's Almanac, the Barometer has a 90% accuracy
ratio. In terms of odds, that's about as good as it gets.However, the January
Barometer led investors in the wrong direction in 2001 when the S&P was
down a full 13% at the end of the year after being up 3.5% in January. Again,
there was a major misfire in 2003 when the S&P finished with a 26.4% gain
after a 2.7% January loss.There was a minor misfire in 2005, but the Barometer
couldn't have been more wrong in 2009 and 2010. In 2009 the S&P was down
8.6% in January but ended the year with a 23.5% gain. After a 3.9%
January loss last year, the S&P (SNP: ^GSPC) finished with a 12.6% gain.It
seems like the January Barometer has lost its mojo. In fact, five hits and five
misses bring the last decade's success rate down to 50%, in line with random
odds.
A New January Pattern
Every
January is different, but over the past three years a new pattern has emerged.
Christmas euphoria is followed by a New Year hangover. Let's see what the
numbers say.On December 24, 2007 I was invited to share my 2008 outlook with
CNBC's Maria Bartiromo. At the time, the major indexes had just recovered some
of their initial October/November losses and the percentage of bullish advisors
polled by Investors Intelligence was 54.9%, very close to last week's 55.6%.My
advice then was to employ strategies that benefit from a topping market.
On December 24, 2007, the DJIA (DJI: ^DJI) closed at 13,549, the S&P (SNP:
^GSPC) at 1,496, the Nasdaq 100 (Nasdaq: ^IXIC) at 2,128, and the Russell 2000
(NYSEArca: IWM News VTI News
Looking Beyond January
Let's
say we get the expected January correction, then what?We would be in a pickle
because according to the long-term track record of the January Barometer,
stocks should continue weak throughout the year while according to the
Presidential Election Year Cycle stocks should be up.The third year of the
Presidential Election Year Cycle (such as 2011) is historically the strongest
of the four-year cycle. This may sound like a too good to be true statistic,
but there hasn't been a major loss in a pre-election year since 1931.In an
effort to get re-elected, each administration is working overtime the year
before elections to buoy whatever there is to buoy in order to create a setting
that's conducive to winning as many re-election votes as possible.
A Premature Pop?
Courtesy
of the 2008 financial meltdown, the administration and the Fed were forced to
open the money spigot earlier than during the average Presidential cycle. Does
that mean that the stock market has peaked pre-maturely? We don't know yet, but
based on current sentiment readings it's a possibility that shouldn't be
ignored.
Correction and Pop Protection
Since
the market's internals today are similar to what we saw leading up to the April
2010 high and the previous three January highs, it isn't a far stretch to
expect a similar outcome - a swift and largely surprising decline between 9 -
29%.The S&P hasn't reached our upside target level yet, so it's best to let
the current rally do its thing. Once reversal levels are reached, the
proverbial air pocket that's been supporting this creeping up trend is likely
to bust and result in a downward jolt.Momentum is a fickle force. Just as
momentum has carried stocks higher than expected, it may drive prices lower
than any of the ueber-bullish Wall Street analysts expect.
Eliminating Variables
The
big question is whether the Federal Reserve and Wall Street banks (NYSEArca: XLF News ETF Profit Strategy Newsletter
A Look at Base Metals: Dave's Daily ‘A FEW BULLS CHARGE OUT OF THE GATE It was an impressive ramp to
start 2011 wasn't it? Inside the numbers there was again little volume. Markets
are now much overbought and this low volume is worrisome as a cascade of heavy
volume will no doubt appear from the sell-side as long as this continues. There
was another round of POMO
(nearly $8 billion) Monday to start the year which helps trading desks
facilitate what the Fed wants -- higher stock prices. Of course the story
making the biggest splash was Goldman
Sachs wanting a piece of Facebook which would push the value of the company
to $50 billion. Also, BAC settled some outstanding issues with FNM to the tune
of $2 billion. Taken together this pushed the financial sector higher. Most
economic news Monday like ISM Data was generally as expected, but higher prices
in Europe spilled over early to New York. Most bulls believe a growing economy
is in the works which should lead to better earnings and stock prices. That's
the story, and bulls are sticking to it. The Interior
Department will allow some deepwater drilling to resume oddly coincided
with some selling in commodity markets, especially precious metals. But, the
dollar was also somewhat stronger which would usually cause a decline…’
TrimTabs:
“No Amount Of QE Will Be Able To Keep The Current Stock Market Bubble From
Bursting” It was the night before Christmas Eve, and CNBC trucked out
TrimTabs’ Charles Biderman to a de minimis audience, knowing full well that a
man with his understanding of money flows would very likely repeat his
statement from last year, that there is no real, valid explanation for the
inexorable move in stocks higher, as equity money flows in 2010 were decidedly
negative, and any explanation of the upward melt up would need to account for
Fed intervention (and no-volume HFT offer-lifting feedback loops but that is a
story for another day).
Observations
On The Latest Debt “Inflection Point”, And Why Bernanke Has At Most 5 Months In
Which To Announce QE3 Yesterday on Tom Keene’s always informative show, two
of the world’s most important economists, Goldman’s Jan Hatzius and BofA’s
Ethan Harris presented their respective defenses for why GDP in 2011 would rise
by nearly 4% as per their recent predictions.
Oil
Surges to Highest Year-End Price Since 2007 on Dollar Oil surged to its
highest year-end price since 2007 as the dollar weakened and gasoline and
heating oil futures climbed.
Is Gold –
Or Fiat Currency – In a Bubble? Gold is not in a bubble, silver is not in a
bubble, precious metals are in general terms not in a bubble.
China must Kill the Dollar
Economic Assassin | In the
hope of reducing their own inflation China must kill the dollar.
US
Debt Limit Fight Would Be ‘Catastrophic’: White House Reuters | A top aide to President Barack Obama warned of
catastrophic consequences if Republicans follow through on threats to reject an
increase in the nation’s borrowing limit.
Jobs
Are Trickling In, But Millions Have Given Up Looking For Work Reuters | U.S. private employers have recorded 11
consecutive months of job gains, yet the number of people who are so
discouraged that they have given up searching for work stands at an all-time
high.
Never
Forget The Fed Caused The Economic Downturn Chairman of the Federal
Reserve, Ben Bernanke, would have us believe that if it were not for QE1
unemployment would have been considerably higher.
2011: Doom is
Always 6 Months Away Since doom is always 6 months away, and I can write
doom porn with the best of them, here we go… National
/ World
Gerald
Celente: What’s in store for 2011 RT | “Were going to see
more and more cyber attacks, just like we saw with WikiLeaks,” explained
Celente.‘What’s in store for the world in 2011? Trends forecaster Gerald
Celente of the Trends Research Institute provided his insights on the year
ahead. Will the people of the world wake up to a dire economic reality? Will
the US dollar or the value of gold prevail? Will hardship-driven crimes be
committed across the socioeconomic spectrum by legions of the on-the-edge
desperate? Will the “War on Terror” morph into the “War on Crime,” where all
Americans are suspects until proven innocent? Will governments try to eliminate
free access to the web and literally shut down computers and websites they
consider a threat to national security? Will the seeds of revolution be
sown?Celente argued that all of the above will take place in some shape or
form. There will be a wakeup call on the economy, a crack down on the people
and a loss of liberty, and also an increase in Journalism 2.0, alternative
energy and a growth in cyber war tactics. “Look what’s happening now. You name
the city,” he said.“The people are getting hit on at every level.” The banks
and governments are robbing the people and will continue to do so, he argued.
“What they are going to do, is they are going to make up the slack by going
after the little people at every level; licensing fees, parking fees, you name
it, they’re going to squeeze every dollar out of the people,” Celente
commented.“If you go five miles over the speed limit there’s a cop waiting for
you.” Gold will run high in 2010, as the federal resave continues to dump US
currency into the system gold will rise much higher, possibly even double in
value over the next year. In the name of terror the government will clamp down
on the people, crime will rise as dissatisfaction with the economy and
government policies rise. “Big Brother will be watching!” Celente said. “We
even have Wal-Marts as a rat for the homeland security division to call them up
and let them know if anything is untore that they should know about and they
are talking now about expanding homeland terrorist security in hotels and
shopping malls.” The US government will be watching every move every person
makes. “They are going to clamp down more and more as people continue to
complain more and more about the injustices that are happening, particularly on
the economic front,” he explained. “When people lose everything, and they have
nothing left to lose, they lose it! As people keep losing it, the government
will crack down even tighter.” Looking forward, cyber warfare will grow
further, becoming a new type of warfare for the 21st century. Those in cyber industry
have a strong future, he added.“Were going to see more and more cyber attacks,
just like we saw with WikiLeaks,” explained Celente. “We’re going to see
worldwide cyber crime. In the end, the world will end in 2011,” said Celente,
but what that means exactly he wouldn’t say.’ Terrorist
Watch List May Exceed US Population by 2019, World Population by 2023 A
report from the Washington Post (brought to us via Infowars.com) says that the
new official policy for the terrorist watch list is that a single ‘credible’
tip may deem you unworthy of (air) travel in the United States of America. Pentagon’s
propaganda in full view With the Afghanistan war going so poorly there has
been an outpouring of emotions, an LA artist decided to make a mural depicting
a dollar draped over a casket on a side of a building. Many believe this is
revolting but some like Founder of Brave New Films Robert Greenwald says this
indicates how brilliant the Pentagon has been at increasing censorship, so
anything that goes against their propaganda will be shot down or in this case
covered up.
Preparing for the
Financial Crisis The crisis in the US and world financial markets give us
reason to make preparations for the foreseeable problems ahead.
Mass
protest over Government cuts planned Unions are gearing up for a
demonstration in the spring against the Government’s massive cuts in public
spending, predicting it will be a “huge” national event.
Bankrupt
Government Has Plans For Your Unused Gift Cards. [Mob invested, (and like america, generally) pervasively corrupt,
meaningfully lawless and defacto bankrupt toxic, disgusting jersey is just
doing what they’ve done for at least decades … no surprise here. (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ] Jason Douglass ‘…Saving
up this years gift cards to make a large purchase? You better use them up fast
because state governments like New Jersey think they have a better use for that
money. In an attempt to save themselves from obvious mismanagement, state
authorities have begun steps to confiscate the balance left on your unused gift
cards. Arguably, gift cards are one of the biggest scams going. Most consumers
have been exposed to gift card’s eccentricities and know how impossible it is
to use all the money on the card. Then, once the transaction is complete, it is
twice as difficult to get the remainder of the balance left on the card in
cash. Now our public officials want to get in on the scam.Large amounts of
unused cash are locked away in these effective little marketing devices and New
Jersey thinks they have a right to seize that money from you. In fact, they’ve
already taken the steps to do just that…’ Big
Sis Photocopies Credit Cards, Confiscates Christmas Calendars Paul
Joseph Watson | The agency is now instructing its airport security
screeners to make photocopies of people’s credit cards, while Big Sis is also
busy fighting terrorism and protecting America by confiscating chocolate
Christmas advent calendars.
John Lott: More
Guns, Less Crime Infowars.com | John Lott explains why
guns bans only serve to increase gun crime rates.
TrimTabs:
“No Amount Of QE Will Be Able To Keep The Current Stock Market Bubble From
Bursting” Zero Hedge | If the money to boost stock prices
by almost $9 trillion from the March 2009 lows did not come from the
traditional players, it had to have come from somewhere else. We believe that
place is the Fed.
Germany
Hides Spy Satellite Under ‘Global Warming’ Umbrella. Jason Douglass | Wikileaks exposes an intergovernmental pact to
disquise a spy satellite array as a tool to study ‘global warming’.
Happy
New Year: 19 killed in US drone attacks in Pakistan US drones carried out
four strikes in Pakistan’s restive tribal belt today, killing 19 militants and
injuring several more in the first such attacks of the new year, officials
said. Treasury
Department shifts its stake in Ally Financial (Washington Post) [ Oooooh!
Sounds like a plan (with only those tiny pikers fannie and freddy to follow) …
till the next debacle … which will be coming soon to a theater near you …
Tipping
Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The
financial collapse that so many of us have been anticipating is seemingly
closer then ever. Over the past several weeks, there have been a host of
ominous signs for the U.S. economy… ] Decision could make it easier for the
bailed-out lender to launch an IPO and repay its government debt.
Pakistan's
top general vexes U.S. plans (Washington Post) [ Geeh! How dare that PAKISTAN General not jump on the war criminal
american crazy train by putting the interests of his nation ahead of u.s.
contrived interests and preventing Pakistan from being turned into a toxic
wasteland, killing fields, etc., as in Iraq, Afghanistan, etc.. ] Despite intense efforts, officials fail
to persuade Gen. Ashfaq Kayani to undertake the administration's strategy of
eliminating Taliban havens inside Pakistan.
Economic
forecasters see growth in 2011 (Washington Post) [ Kind of like that prescient economic
forecast of ‘no recession’ preceding this continuing financial / economic
debacle of a magnitude exceeding that of the great depression from our
‘economist in chief’ helicopter ben … riiiiight! … And you can take that the
insolvent bank! Stock
markets weather a challenging 2010 (Washington Post) [
‘Weather’, ‘forecasts’ … somehow those words taken together do not
engender confidence. Yet, like today, there’s no shortage of that exuberance
thing just as in 2007 preceding the last crash, or preceding the dot.com crash,
etc., and this time will be no different and probably worse. Pay
Attention to New Year Market Indicators [ The problem with these anecdotal,
mechanized (and sophomoric) technical guidelines is that the frauds on wall
street are well aware of them and with the current computer technology can
easily program to meet them with the fraudulent hope they’ll become
self-fulfilling. I disagree with the ‘everything coming up roses, green shoots
and all’ scenarios being painted in typical self-interested fashion and hardly
objective. Even near perma-bull John Augustine (speaking with Motek) looks for
at a minimum, if things go well for the economy (not at all likely and no can
do with real numbers / data) a 3-5% pullback / correction near term. Keep in
mind all stock prices have been inflated by amounts exceeding the gains, viz.,
13-17% by the debased dollar which of course is reflected in huge price
increases for commodities across the board which will impact margins or
consumption or both going forward. ] Plessis ‘If Santa has not yet made his way
to your investment portfolio, don’t despair. According to Jeffrey Hirsch (Stock Trader’s Almanac " says that should
the Dow Jones Industrial Index close below its December low anytime during the
first quarter, it is frequently an excellent warning sign of lower levels
ahead. The numbers to watch are those recorded on December 1: 1,206.07 for the
S&P 500 Index and 11,255.78 for the Dow Industrial Average.The American
benchmark indices will have to crash today in order to make 2010 a down year.
Early indications therefore point to the January Barometer (with January having
been a down month) this year failing investors. Looking ahead to 2011, time
will tell whether the year-end/new-year indicators play out according to the
historical pattern. Meanwhile, we’ll have some fun tracking how it pans
out.’ ] Economic
forecasters see growth in 2011 Private
markets make up the core of Obamanomics (Washington Post) [ I doubt there
is a core at all … nothin’ there … spend more than you take in … just smoke and
mirrors … more bush*t … you know, froth the markets, fraud be damned but
welcomed / protected … and, as before, this will end quite badly! But regarding
the now ‘Klein Controversy’, the following: Wash
Post Staffer: Constitution Impossible to Understand Because It’s Over 100 Years
Old [ In a meaningfully lawless society as pervasively corrupt, defacto
bankrupt america, constitution / laws have become irrelevant in application and
effect. After all, even zimbabwe has a constitution / laws, but I dare say no
one would suggest they have any practical effect in reality, as is also so in
america. I therefore believe Mr. Klein is correct but for reasons other than
age and malleability. Indeed, anyone who has written a legal brief and
researched law in support thereof, ultimately realizes that almost invariably
one can find some case / law in support of almost any position. In america
today, it’s the bribe, one way or another, that carries the day and makes the
difference. Ask sam alito et als. That’s just the way it is in a declining,
fallen society as america, zimbawe, etc.. That’s certainly my direct, sworn
experience with these corrupt courts constituting (in large part along with the
other 3 branches) pervasively corrupt, defacto bankrupt america’s illegal
system. Senate convicts Clinton-appointed judge... Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) End those lifetime licenses to steal. ] In earlier
hearings, two attorneys who once worked with Porteous had testified that they
gave him thousands of dollars in cash, including about $2,000 stuffed in an
envelope in 1999, just before Porteous decided a major civil case in their
client's favor. ] Breitbart | On word that the House will open its next session
with a first-ever reading of the U.S. Constitution, blogger Ezra Klein suggests
that the Constitution is irrelevant due to its age and politically-malleable
language. ]Eight key economic decisions of the Obama presidency all point in
one direction. Pay
Attention to New Year Market Indicators [ The problem with these anecdotal,
mechanized (and sophomoric) technical guidelines is that the frauds on wall
street are well aware of them and with the current computer technology can
easily program to meet them with the fraudulent hope they’ll become
self-fulfilling. I disagree with the ‘everything coming up roses, green shoots
and all’ scenarios being painted in typical self-interested fashion and hardly
objective. Even near perma-bull John Augustine (speaking with Motek) looks for
at a minimum, if things go well for the economy (not at all likely and no can
do with real numbers / data) a 3-5% pullback / correction near term. Keep in
mind all stock prices have been inflated by amounts exceeding the gains, viz.,
13-17% by the debased dollar which of course is reflected in huge price
increases for commodities across the board which will impact margins or
consumption or both going forward. ] Plessis ‘If Santa has not yet made his way
to your investment portfolio, don’t despair. According to Jeffrey Hirsch (Stock Trader’s Almanac " says that should
the Dow Jones Industrial Index close below its December low anytime during the first
quarter, it is frequently an excellent warning sign of lower levels ahead. The
numbers to watch are those recorded on December 1: 1,206.07 for the S&P 500
Index and 11,255.78 for the Dow Industrial Average.The American benchmark
indices will have to crash today in order to make 2010 a down year. Early
indications therefore point to the January Barometer (with January having been
a down month) this year failing investors. Looking ahead to 2011, time will
tell whether the year-end/new-year indicators play out according to the
historical pattern. Meanwhile, we’ll have some fun tracking how it pans out.’
Happy
New Year! Here Are The Final Numbers For 2010 White, On Friday December 31, 2010
‘Indices mixed
today, but not for the year. Stocks weren't the real winner, however, with
commodity prices booming.
First, today's
scoreboard:
DOW up 0.08% S&P 500 down flat NASDAQ down 0.38%
Now, the final scoreboard for 2010:
Equities :
2010 DOW up 10.94% 2010 S&P 500 up 12.72% 2010 NASDAQ up 16.9%
Check out the best and worst performing global equity indices
in 2010 >
Commodities :
Check out Societe Generale's guide to commodities in
2011 >
Bonds :
Bank of America Merrill Lynch’s Global Broad Market
Index rose 4.7% this year .
2010 Year end 5-year treasury yield 2.00% 2010 Year end 10-year treasury yield 3.28% 2010 Year end 30-year treasury yield 4.33% …’
Entire
American middle class will fall under the poverty line in five years Press
TV | “The middle class, I am afraid, in the United States is not going
to exist in another five years and everybody is going to be driven down to the
lower poor class,” said Wayne Madsen.
Home
foreclosures jump in 3rd quarter: regulators Reuters |
U.S. home foreclosures jumped in the third quarter and banks’ efforts to keep
borrowers in their homes dropped as the housing market continues to struggle. Must
See: Howard Davidowitz Destroys The Recovery Illusion, Debunks The Consumer
Renaissance Today’s must see TV comes from the following interview of Pimm
Fox on the consumer and the economy with retail expert Howard Davidowitz, who
in 10 minutes provides more quality content and logical thought than we have
seen from CNBC guests in probably all of 2010.
Oil Could Push to
$110: Charts It’s “certainly possible” that the price of a barrel of oil
will push above $100 a barrel, Daryl Guppy, CEO of Guppytraders.com, told CNBC
Thursday. “Once you move above $100, then $110 is just clear freeway straight
to that level,” Guppy added.
Metals
from copper to silver hit record highs Copper has hit yet another record
high in a strong morning for metals trading, as commodities shook off China’s
efforts to halt inflation by raising interest rates on Christmas Day. Peter
Schiff: Here’s Why Home Prices Have To Decline At Least 20% And Probably More House
prices have to decline at least another 20.3% to come back to the historical
trend and may have much further to fall, according to Peter Schiff of Euro
Pacific Capital.
2010
worst year for bank failures since 1992 More banks failed in the United
States this year than in any year since 1992, during the savings-and-loan
crisis, according to the Federal Deposit Insurance Corp.
ROBERT
SHILLER: If House Prices Keep Falling This Fast, The Economy Is Screwed He
also says that if house prices keep falling this fast, the economy will face
“serious reasons to worry” (which, for Professor Shiller, is an apocalyptic
statement). National
/ World Washington
Uses Arms Sales To Achieve Ever Fleeting Purported Global Supremacy Rick
Rozoff | The Stockholm International Peace Research Institute (SIPRI)
documents that the United States accounts for 43 percent of world military
spending and 30 percent of global arms exports.
What
Kind Of Mood Are The American People In As We Enter 2011? The American
Dream | The following is a compilation of recent poll results that
show just how frustrated and angry the American people are becoming as we enter
2011.
10 Modern Methods
of Mind Control Nicholas West | We have entered a perilous
phase where mind control has taken on a physical, scientific dimension that
threatens to become a permanent state. Wash
Post Staffer: Constitution Impossible to Understand Because It’s Over 100 Years
Old [ In a meaningfully lawless society as pervasively corrupt, defacto
bankrupt america, constitution / laws have become irrelevant in application and
effect. After all, even zimbabwe has a constitution / laws, but I dare say no
one would suggest they have any practical effect in reality, as is also so in
america. I therefore believe Klein is correct but for reasons other than age
and malleability. Indeed, anyone who has written a legal brief and researched
law in support thereof, ultimately realizes that almost invariably one can find
some case / law in support of almost any position. In america today, it’s the
bribe, one way or another, that carries the day and makes the difference. Ask
sam alito et als. That’s just the way it is in a declining, fallen society as
america, zimbawe, etc.. ] Breitbart | On word that the House will open its next session
with a first-ever reading of the U.S. Constitution, blogger Ezra Klein suggests
that the Constitution is irrelevant due to its age and politically-malleable
language. Euro
has 1-in-5 chance of lasting decade: UK think-tank Reuters
| The Center for Economics and Business Research said Spain and Italy would
have to refinance over 400 billion euros ($530 billion) of bonds in the spring,
potentially sparking a fresh crisis within the 16-nation euro area. Will
It Be A Happy New Year For the Global Resistance Against the New World Order? 2010
was a year of extremes – a clear intensification of the tyranny being metered
out in pursuit of a new world order, but also a tipping point in the
accelerating awakening of human consciousness to the reality of the agenda for
global serfdom.
NYC
Police Tightens Security for New Years Eve Hundreds of radiation detectors
will be dispersed throughout the area, along with devices that can detect
biological contaminants. Crowds will be shepherded into closely scrutinized
pens where backpacks and big bags are banned.
MSNBC
Analyst: Constitution Has “No Binding Power On Anything” [ In a meaningfully lawless society as
pervasively corrupt, defacto bankrupt america, constitution / laws have become
irrelevant in application and effect. After all, even zimbabwe has a
constitution / laws, but I dare say no one would suggest they have any
practical effect in reality, as is also so in america. I therefore believe
Klein is correct but for reasons other than age and malleability. Indeed,
anyone who has written a legal brief and researched law in support thereof,
ultimately realizes that almost invariably one can find some case / law in
support of almost any position. In america today, it’s the bribe, one way or
another, that carries the day and makes the difference. Ask sam alito et als.
That’s just the way it is in a declining, fallen society as america, zimbawe,
etc.. ] Now that Republicans have a majority in Congress, they are
pretending to be constitutionalists. In order to demonstrate this, they will
theatrically read aloud the Constitution from the floor of the House next week.
TSA Wants To
Expand Groping Of Vaginas The TSA agent used her hands to feel under and
between my breasts. She then rammed her hand up into my crotch until it jammed
into my pubic bone … I was touched in the pubic region in between my labia.
As
Frustration Grows, Airports Consider Ditching TSA Some of the nation’s
biggest airports are responding to recent public outrage over security
screening by weighing whether they should hire private firms such as Covenant
to replace the Transportation Security Administration. China Makes Skype Illegal [ China, the current creation and envy of
destructive / self-destructive poppy bushies, clintonistas, wobamanoids, et als
americans, is so pathetic in their own special totalitarian communistically sad
way. ] THE Chinese regulator has declared Internet phone services other than
those provided by China Telecom and China Unicom as illegal, which is expected
to make services like Skype unavailable in the country. Drudgereport: Medicare Bound to Bust 'by
2017' as First Boomers Hit 65... POLL: Only 21% Want FCC to
Regulate Internet... Fear of
Political Agenda... Next
Year's Wars: 16 brewing conflicts to watch... VIDEO:
Oil Could Push to $110... Berlin sees most snow in
December since 1900s... White House Plans to Push
'Global Warming' Policy, GOP Vows Fight... FLASHBACK: Gore Reports Snow
and Ice Across World Vanishing Quickly... Top China blogger forced to
shut down magazine... Non-US banks gain from Fed
crisis fund; Half of emergency credit facility cash went to foreign
institutions... Backlash... THE MAN WHO TOOK ON BIG
SIS... Pilot angered TSA with video... ‘…News10 established a relationship with the Liu
family last July after their rental home in Sacramento's
Oak Park was destroyed Oil rises near $92... Ex-SHELL president sees $5
gas in year... MATTHEWS: Why Doesn't Obama
Just Release The Birth Certificate? NYT: Bundle Up, It's Global
Warming... Obama Reading List: Book on
Reagan... wobama and did detest, hate
people like failed president like no other in history, wobama]Duma Disses Obama, delays START vote... Assange fears death in a US
jail... OPEC Members 'Target $100'... China, following pervasively
corrupt, meaningfully lawless, defacto bankrupt american example, bars
political dissident access to lawyers... Indefinite detention possible
for suspects at Guantanamo Bay... DARK SIDE OF SIS:
AGENTS RAID HOME OF PILOT CRITICAL OF TSA... Posted Video
Exposing Airport Security Flaws... PUNISHED... DEFICIT HITS RECORD... MINORITY REPORT: Spielberg
advising on rebranding Dems... TODAY: Obama pledges
'singular focus' on economy... ONE YEAR AGO: 'Obama to focus
hard on economy'... TWO YEARS AGO: Obama to put
'renewed focus' on economy... US press should fear being
targeted: Assange... BLOWOUT: Government
liabilities rose $2 trillion for year... PEOPLE: 308,745,538 DEBT: $13,868,461,000,000 STATE OF THE NATION: Census
shows slowing US growth... GOP-leaning states pick up
seats in Congress... NY, OH, IL, MA,
NJ and PA lose seats... FCC Gives Government Power to
Regulate Web... Agency splits along party
lines... DeMint vows to reverse
'Internet takeover'... AP: TOP 10 STORIES OF 2010... MOODY'S May Cut US Rating on Tax Package... New spending bill totals $1.1
TRILLION! Congress Job Approval Rating
Worst in GALLUP History... FLASHBACK: Obama Promised
5-Day, Public Review of Bills Before Signing; Signs Tax Bill Within Hours of
House Vote... 13 million get
unexpected tax bill from 'tax credit'? Pelosi skips vote on tax
bill, then shuns signing ceremony... House votes to extend gov't
funding -- through Tuesday... OBAMA FALLS TO 40% APPROVE IN
FOXNEWS POLL... The FCC's Threat to
Internet Freedom... Dems play politics with 'net
neutrality' vote... 'Sweeping new rules'... REGULATE... SHUT: Music Web Sites Dispute
Legality of Their Closing... UK ministers threaten: Censor
web, or we will legislate 'to protect children'... Plan to block all online
porn... Hugo Chavez defends plan for
web regulations... Venezuela tightens Internet
regulation...
THEY'RE
COMING FOR THE INTERNET! JULIUS
SEIZURE
$2 trillion debt crisis
threatens to bring down 100 US cities... States face $140 billion in
budget shortfalls... 32 states borrow billions
from feds to cover unemployment benefits... Friedman: America the
Stupid...
French AAA Grade at Risk as
Downgrades Sweep Europe...
Oil Heads Toward $100... Chavez defends plan for
Internet regulations... UK ministers threaten: Censor
web, or we will legislate 'to protect children'... The FCC's Threat to Internet
Freedom... Dems play politics with 'net
neutrality' vote... 'Sweeping new rules for the
Internet'... SKorea detains Chinese
fishermen... Security Council meets on
tensions... North Threatens More
Attacks... ... says war would go nuclear China warns of escalating
arms race...
'Don't ask' repeal
moves toward law... DREAM OVER: Senate
Blocks Bill for Illegal Immigrants... Budget Brawl Looms in
Congress...
Michelle wears $2,500
purchased dress to Christmas concert... Senate Plans Weekend Votes on
'Don't Ask, Don't Tell,' Amnesty Bill... Senator: Gay ban tied to
Russia treaty... UN
PLANS INTERNET REGULATION [ Those
who can’t do … work at the u.n., in the u.s.; after all, for the first time in
human history, the internet has for the most part enabled an unfettered look at
the truth and truthful reasons for the unequivocally sad state of the world.
That a supposed world body should support and potentially facilitate the
encroachment upon such global communication is reason enough to dismantle such
an already discredited body which arbitrarily seeks enforcement of some ‘resolutions’
as to some but not others ( ie., israel, u.n. resolutions 242, 338, etc.,
israeli and american war crimes, etc..) Raison d’tre … I don’t think so! Quite the contrary! ]Regulators close banks in GA,
FL, AR, MN... Regulators
shutter 3 small banks in Ga., 1 each in Fla., Ark., Minn.; 157 banks closed in
2010 ] Payrolls Drop in 28
States, Joblessness Rises in 21... Nevada rate to
14.3%... Rhode Island City
Nears Bankruptcy... Ireland Debt
Downgrade... IMF chief worried
about Europe domino effect... Senate clerks preparing to
read 1,924-page spending bill on floor -- for 50 hours!... Senator: 'There's No Way' To
Read Entire Bill Before Vote... KERRY: 'Why Would We Have To
Read Something?' McConnell offers 1-page
resolution in place of 1,924-page spending bill... SHOWDOWN: Gingrich Urges
Fillibuster... Biden To GOP Opposition: 'Get
Out Of The Way'... Reid: Earmarks are 'what
we're supposed to do'... Ban on Gitmo
transfers vanishes... Omnibus bill loaded with
goodies for abortion industry... PRIORITIES: House approves bill
to make hybrids louder... 23% Say USA Heading in Right
Direction, Lowest Since Obama Took Office... POLL: Just 29% think Obama
will be re-elected... Is America the sick man of
the globe? BUCHANAN: Is this our America
anymore? UK Red Cross Bans Christmas
to Avoid Offending Muslims... SALVATION ARMY bell ringer
caught stealing from kettle... Deputies suspended after
getting into brawl at party... 2 women charged with robbing
74-year-old... Hundreds of gifts for kids
stolen from 'Toys for Tots'... Thousands of dollars in
donated toys ruined after skunk attack... Grocery prices grow by 1.5
times inflation rate...
Socialist president plays
host to capitalism... REPORT: Obama told lawmakers
not passing tax deal could end presidency... A $48 billion earmark... PAPER: Year of bullying, bluff
and bailouts leaves euro fighting for its life... Reeling from riots, Italy
faces uncertainty... Greek anti-austerity strike
turns violent... VIDEO... MORE UNREST: 2011... $575 million PER PAGE... 6,488 earmarks... McConnell fumes: 'No one has
seen it'... Reid threatens to
keep Congress into next year... Intelligence Reports Offer
Dim Views of Afghan War... HOLBROOKE LAST WORDS: STOP
THIS WAR!
UPDATE: RUSSIA TO USE CHINA
CURRENCY IN TRADES... UK GRANTS ASSANGE BAIL;
SWEDEN APPEALS... Release delayed... Lawyer: Secret Grand Jury
Meeting Outside Washington on Leak... CHRISTMAS CRIMES : Drive-By Purse Snatcher
Terrorizing Women In NJ... 2 women charged with robbing
74-year-old... Hundreds of gifts for kids
stolen from 'Toys for Tots'... Thousands of dollars in
donated toys ruined after skunk attack... Copper thieves burn down
city's Christmas tree... Burglar steals family's gifts
-- and its dog! Grave robbers steal 400 urns
from cemetery... 'Grinch' Steals Packages Off
Doorsteps, Signs For Deliveries... Home Invaders Tie Up
12-Year-Old Boy, Take Video Games... 90-Year-Old Man Put In
Choke-Hold, Robbed Of $370... 'Tea Party' anger simmers
over backroom deal; Ramps up efforts... 2 Bank Failures Bring Year's
Tally To 151... COPS: Madoff's son
hangs himself with dog collar in SoHo apartment... ...gave mechanic
$400 tip day before suicide Madoff Trustee Launches $19.6
Billion Lawsuit; 60 accused of participating in 'illegal scheme'... Pump prices close in on
average $3 a gallon... FLASHBACK: $1.81 when Obama
took office... BLOW TO O: JUDGE RULES GOV'T
CAN'T MANDATE CITIZENS BUY HEALTH CARE... Cantor: Direct Appeal to
Supremes... POLL: Support For Obamacare
Hits New Low... Pelosi: 'Are You Serious?' Obama: 'I'm itching
for a fight'... U N C O N S T I T U T I O N A
L Barbara Walters: 'This Guy
(wobama) Has an Emotional Problem' [ Yes, it’s true, babawawa … wobama has
substantial mental problems which along with inherent criminality are pervasive
in america which also includes boner, and where were you in discussing such,
babawawa regarding psychopaths bush, clinton, etc., or even former beau, senile
greenspun ]... DEFICIT HITS RECORD... Putin Slams West
for Assange Arrest... US cable: Cuba to be
insolvent within 2-3 years... Assange Lawyers Prepare for
U.S. Spying Indictment... Teen Arrested in Hack
Attacks... Donations to WIKILEAKS are
Tax Deductible -- in Germany... Anonymous cyberwarriors stun
experts... Media
outlets may be probed over WikiLeaks stories, joe ‘zelig zionist incompetent
and corrupt‘ lieberman in Campaign To Trample The First Amendment claims Can the US government prosecute media outlets
that reported on the WikiLeaks cables? According to joe ‘zelig zionist
incompetent and corrupt‘ lieberman in
his Campaign To Trample The First Amendment, the answer is maybe.Home Values May Drop by $1.7
Trillion This Year... UNEMPLOYMENT WEEK: DOWN TO 421,000; REVISED UP LAST WEEK
438,000... POLL: Most Americans Say
They’re Worse Off Under Obama... F O Related: Olbermann:
Obama Is ‘God Damned Wrong’
] REVENGE OF THE WIKIS! Army of hackers targets the
Swedish government... Take down MASTERCARD site... ...VISA PAYPAL... AMAZON braces for hactivist
attack... Palin under cyber attack... Assange's 'poison pill' file
impossible to stop... MOSCOW: Give Assange Nobel
Peace Prize... SENATE REJECTS
REPEAL OF DON'T ASK DON'T TELL... House Dems push through massive budget bill... Final House Race Decided; GOP
Net Gain: 63 Seats... Ron Paul, Author of 'End the
Fed,' to Lead Fed Oversight Panel... Student protesters in London
turn violent over tuition hikes... Thousands try to break
through police barricades at Houses of Parliament... ...attack car
containing Prince Charles, Camilla... Rolls Royce hit with paint;
rear window smashed... US Treasuries hit by biggest
sell-off since LEHMAN... Prices Plunge for 2nd Day on Deficit Fears... Rattles investors... Oil tipped to bubble over $100 barrel... Food Stamp Rolls Continue to Rise... SHOCK POLL: Americans Believe China Has
Surpassed USA in Economic Strength... 'U.S. fiscal health worse than Europe's'... Sorkin: Palin TV show is 'snuff movie'... [ Yeah … ‘she’s really all that’ and worse …
I have great difficulty getting past the fact that she’s so incredibly dumb …
not just ‘nonintellectual’ … butt really dumb! ] ‘… Sorkin, writer of the recent Facebook movie The
Social Network, also accused the Fox News Senate convicts Clinton-appointed judge... Abolish the
corrupt, costly, economically wasteful lifetime extravagantly appointed federal
courts (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) End those lifetime licenses to steel. ] In earlier hearings, two attorneys who once worked
with Porteous had testified that they gave him thousands of dollars in cash,
including about $2,000 stuffed in an envelope in 1999, just before Porteous
decided a major civil case in their client's favor. Assange could face espionage trial in USA... Palin under cyber attack... 1st Amendment issues... Assange's 'poison pill' file impossible to
stop... WIKILEAKS: Stop Us? You'll Have to Shut Down
Web... Berkeley 'resolution' honoring leaker... Scientologists outraged over spoof Christmas
play... [ Hubbard was such a
total fraud! Scientologists are delusional! ]St. Petersburg, Florida – ‘A controversial holiday
musical production is set to open at American Stage Theatre in St. Petersburg. Photos:
Pictures of
A Very Merry Unauthorized Children's Scientology Pageant NO BAIL... Assange 'sabotaged condom'
during one night stand... Refused to wear
one during another... Stockholm
police: Both women are victims... INTERPOL WARRANT
FOR NOT WEARING PROTECTION? ASSANGE UNDER ARREST: 'HE DIDN'T WEAR A CONDOM' Under arrest, will Assange
dump the Doomsday Files? Assange: Don't shoot
messenger for revealing uncomfortable truths... FLASHBACK: HILLARY COMPLAINS
GOVERNMENTS BLOCK FREE FLOW OF INFO ON INTERNET... WIKILEAKS: LIVE UPDATES... FCC push to regulate news
draws fire... Lieberman: NYT may have
committed crime by printing WIKILEAKS docs... US to Host World Press
Freedom Day in 2011 … [ What a total travesty! The u.s. as host … What a cruel
joke! ] ... OBAMA RACES TO CUT TAXES
BEFORE REPUBLICANS: 6.2% Social Security tax would drop to 4.2% for workers for
one year... MORE THE NEW OBAMA! SURPRISE TAX CUT MOVE [ As with
defacto bankrupt america generally, more defacto bankrupt social security
system, etc., are distinctions without
significant differences. ]OIL HITS $89... Pump prices hit 2-year
high... Schwarzenegger
Declares Fiscal Emergency, Proposes $9.9 Billion In Cuts... Top Democrats defect, join
unified GOP... WIKILEAKS' Assange Will
Release Encrypted Files If Arrested... Cables Reveal How US
Manipulated Climate Accord... Cable: China Leaders Ordered
Hacking on GOOGLE... Meddling by Neighbors Adds to
Iraq's Woes... Government Workers Ordered
Not to Read Cables... Gingrich: Leaks Show Admin
'Shallow,' 'Amateurish'... McConnell: Assange a
'High-Tech Terrorist'... List of facilities
'vital to US security' leaked... Mirror Sites Appear by the
Hundreds... Assange Speaks... Hillary Jokes... US forced to shake up
embassies around world... THE DOOMSDAY FILES PAPER: Wave goodbye to
Internet freedom... +39,000
JOBS IN NOVEMBER... BOEHNER: Dem Leaders Should Stop Wasting Time
on Tax Hike Votes... HALPERIN: Dems 'In Midst of Nervous Breakdown'... Obama Makes Surprise Trip to Afghanistan... Flies 7,000 miles -- talks to Karzai for 15
minutes on phone! Forgets the Coast Guard... Leaves Biden behind to handle 'disappointing'
jobs report... Reid, funded by casinos, pushes online
gambling... ABCNEWS accused of breaking embargo... 2010
death toll of US troops nears that of 2001-2008 combined ... OBAMA SPEECHWRITER JOKES ABOUT TSA GROPING:
Allows 'defrocked priests to give back to society'... US
Deficit-Cutting Plan Falls Short of Needed Votes... UNEMPLOYMENT
UP TO 9.8% HILLARY: Secretary of State will be 'my last
public position'...
... PITCHE$ $IGNED DVD ON HOME $HOPPING NETWORK.. US TO
BAILOUT EU [ Riiiiight! Sounds like a plan! After all, in defacto bankrupt
america money does grow on trees … derivatively (pun intended) that is … you
know … that ever more worthless fiat paper currency … and ultimately,
existentially, philosophically, doesn’t paper come from trees … sure it does
…so, no problemo since money grows on trees.
] BOMBSHELL: European banks took big
slice of Fed aid... Hundreds of billions of dollars... Fed reveals global extent of its
backing... Funds
went to stalwarts of American industry including GE and Caterpillar and
household-name companies such as Verizon, new data show. GEORGIA: HUNDREDS LINE UP IN COLD FOR HEAT
HELP... Assistance Funds Quickly Depleted... 'Almost like being in soup line during great
depression'... VIDEO... DELAYING TAX VOTE COULD 'CRASH
STOCK MARKET' STARTING 12/15 ]Chase Bank orders branch to remove Christmas
tree... Cyber attack forces WIKILEAKS to change web
address... Respected media outlets collaborate with
organization... [ Said
outlets and other disseminators and of course Wikileaks deserve accolades for
the advancement of first amendment liberties in the name of an informed global
body politick for all.]UPDATE: Latest developments... Foreign contractors hired Afghan 'dancing
boys'... Embassy cables portray Karzai as corrupt,
erratic... CIA drew up UN spying wishlist... Assange speaks... UPDATE: Latest WIKILEAKS developments... Foreign contractors hired Afghan 'dancing
boys'... Embassy cables portray Karzai as corrupt,
erratic... CIA drew up UN spying wishlist... SANTA CLAUSE: FED AID WENT TO COMPANIES,
BANKS, OFFSHORE... SECRETLY BAILED OUT GE -- GE NEWS OUTLETS
FAILED TO REVEAL IN FED COVERAGE... SANTA
CLAUSE: FORD, BMW, TOYOTA Took Secret Government Money...... Fed Created Conflicts in Improvising
Financial System Rescue... Tax Breaks for Bailout Recipients Spark
Debate... MORE SECRETS: Fed Withholds Data for $885
Billion in Loans... RUSSIA TO HOST '18 WORLD CUP FINALS... Qatar selected '22 host over USA, others... 'AMERICAN PSYCHO' musical in
works... and American Psycho 2, for insight! ] National Board of Review: SOCIAL NETWORK
named best film... [ National board of what? ‘Inception’ is by
far and away the ‘Best Film’ across the board, in all categories, and on the
list! ] LIST... BANK OF AMERICA Becoming 'Bank of
Asia' as Revenue Increases 30% ...
RESET: PUTIN CRITICIZES USA OVER WIKILEAKS …
[ Putin deserves the greatest deference in matters of global concern in light
of his greater rationality; america’s self-serving accusations are merely envy
and projection / displacement (in psychoanalytic terms) of america’s
pervasively corrupt, criminal, broken system which is a far cry in reality from
defacto bankrupt america’s propaganda.]... REWARD: [ The payoff. Bribe complete! Next
bribe scenario … ] CITI to Hire Obama's Ex-Budget Chief Orszag... FLASHBACK: Rubin and friends ride NY-DC
shuttle... ZUCKERMAN: Watching America's Decline and
Fall [ the
moral authority of the West has dramatically declined in the face of the
financial crisis. It has revealed deep fault lines within Western economies
that have spread to the global economy . The majority of
Western governments are running fiscal deficits of 10 percent or
more relative to GDP, but it is increasingly clear that there will be no quick
fixes, that big government and fiscal deficits will not bring us back to the
status quo ante. Indeed, the tidal wave of red ink has meant that the
leverage-led or debt-led growth model is dead. Developed countries will be
forced to deal with their debt on every level, from the personal to the
corporate to the sovereign. Being able to borrow may have made people feel
richer, but having to repay the debt is certainly making them feel poorer,
particularly since the unfunded liabilities that many governments face from
aging populations will have to be paid for by a shrinking band of workers. ( Ecoutez, mes amis! ) Demography is
destiny. As a result, there is a burgeoning consensus that we are witnessing an
inevitable rise of the East and a decline of the West…( Harry Dent, Jr.
Economy
will be in a Depression by 2011 ) ]... Interpol issues wanted notice for
Julian Assange [ They just can’t take the truth! ] ... US cuts access to files [ Think about it.
Really think about it. Their policies are in the tank, along with the nation
and the rest of this world as a consequence. Don’t those so detrimentally
affected (everyone) have a right to know? I think in light of the global
frauds, contrived perpetual wars though defacto bankruptcy of this and other
nations, pervasive corruption and crime, failed policies domestically and
geo-politically while serving the very parochial interests of the
self-interested few, the answer is an unequivocal, YES! I believe that world
history will write Mr. Assange as a hero in the truest sense. He should be
given a medal; and, certainly, since mr. b*** s*** wobama undeservingly got a
‘nobel peace prize’ (what he does, not what he says, ie., Afghanistan, etc.),
who more than Julian Assange is deserving of that and more? Cover-up / propaganda
… thy name is fallen america.]... WIKILECTURE:
'HILLARY SHOULD RESIGN' ‘…Hillary Clinton, Julian Assange said, "should resign."
Speaking over Skype from an undisclosed location on Tuesday, the WikiLeaks
founder was replying to a question by TIME managing editor Richard Stengel over
the diplomatic-cable dump that Assange's organization loosed on the world this
past weekend. Stengel had said the U.S. Secretary of State was looking like
"the fall guy" in the ensuing controversy, and had asked whether her
firing or resignation was an outcome that Assange wanted. "I don't think
it would make much of a difference either way," Assange said. "But
she should resign if it can be shown that she was responsible for ordering U.S.
diplomatic figures to engage in espionage in the United Nations, in violation
of the international covenants to which the U.S. has signed up. Yes, she should
resign over that."…’ CITY ON EDGE: Cash-Strapped Newark, new
jersey Forced To Lay Off 14% Of Police Force... From decades old
(1978-1985) direct personal experience with newark, n.j., the police are the
absolute last cuts that can be afforded to be made. Indeed, while walking
through Military Park (a sliver of a “park” - more a pedestrian
thoroughfare/cement walks) in newark, new jersey on the way to the bank during
lunch hour, I heard the clearly audible screams/cries of what turned out to be
an old lady on the ground with blood streaming from her mouth. I ran toward the
sound of the cries, the source of which I could not see because there were so
many people in and about this thoroughfare so as to block any vision of the
source of the cries. When I came to the woman, on the ground, blood streaming
from her mouth, I asked what happened, to which she responded she had been hit
in the mouth and knocked to the ground, her purse stolen/put inside her shopping
bag, and she pointed out the criminal casually now walking across the main
street. Nobody stopped to help her, many having passed her by. I slammed the
thug to the ground so hard that, in light of all the blood and confusion
(limbic system / adrenalin flow) I thought I had been stabbed (the blood was
from his elbows hitting the pavement so hard - no one helped / a crowd gathered
/ an undercover cop happened along). When I testified at the Grand Jury
Proceeding I made sure his threat on my life was set forth in prima facie
fashion so as to maximize the DA’s position with both felonies ( he went to
prison – pled out ). The other case I wrote about here ( This was included on
my website in the Psychology forum discussion of ‘bystander effect’ / diffusion
of responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the
perp. The girl was not that seriously injured, did get her pocketbook and
tuition back, and the criminal went to jail. The other thing about such a
pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so). (Other newark / new jersey and new york, n.y.
metro, viz., ie., connecticut, and of course, d.c., d.c. metro, viz., ie.,
virginia experience … corrupt federal judges as maryanne trump barry, sam
alito, shiff, matz (california), hall, underhill, dorsey, etc.. Defacto
bankrupt america’s so-called system is pervasively corrupt and broken (AP) Abolish the corrupt, costly, economically
wasteful lifetime extravagantly appointed federal courts - see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ]Nation's '2nd Most Dangerous City' (camden,
new jersey) To Lay Off Nearly Half Of Police Force... Chicagoland: Vandals torch Christmas charity
van...
Businessman
gets harsh prison term (Washington Post) [ Come on! Quality of justice
concerns by pervasively corrupt / defacto bankrupt america (I’ve seen this
first hand and have sworn under penalty of perjury to the readily discernible
corruption in the ‘so-called judicial process’ / american illegal system; and
Orwellian britain / european illegal systems little better as toadies to the
criminal americans)? Don’t make me laugh? The u.s. illegal system is a cruel
joke! What parallel universe / fantasy land are they living in? ] A Moscow judge's decision to impose the
harshest possible penalty on Russian oil tycoon Mikhail Khodorkovsky signaled
that Prime Minister Vladimir Putin intends to keep a firm grip on power and is
unwilling to bend to American and European concerns about the quality of
Russian justice.
October 15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the
Qui Tam provisions of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar)
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction
to the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment had been entered in my favor
in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ
Alvin Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf
documented by way of certification upon investigation that Alan Shiff,
USBCJ, had falsely stated a dismissal upon which false statement he
predicated a retaliatory and spurious contempt proceeding against me
causing substantial damage, and for which he sought Judicial Notice of
those and related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice
by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action
against me to prevent me from suing him which necessitated me to fly to
Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief
Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected
with a case under Title 11, USC, etc.) . [ transcript in pertinent part
-
crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump
Barry, Donald Trump’s sister, was assigned the RICO case despite the
conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard
herself and denied, and U.S. Trustee Hugh Leonard with whom I met
personally refused to join or file a separate motion to recuse and not
long thereafter left said office for private practice at Cole, Shotz, et
als on retainer with the RICO defendants as his primary client. Probative and evidentiary documents,
affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes
in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan
Lacey with whom I met personally at the U.S. Attorney’s Office in Newark,
N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO
and the court (I had known / previously met outside of court the judge
Ackerman through a client) was absolute bedlam and a total joke since
incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor
creditors, nor I should continue to have been damaged by this brazened corrupt
and illegal scenario, which should be resolved in accordance with the
meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with
the line, computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. ]
-----
Former
president convicted of rape (Washington Post) [ Between the orgies, war crimes, assassinations, etc., what a
bunch of sick perverts, criminals the israeli operatives / powers that be and
their friends are; see, ie., Victor Ostrovsky Mossad
ebook download in PDF format September: Victor Ostrovsky, a former Mossad
trainee , publishes his book By Way of Deception ... Israel's Mossad has regularly
faked Australian passports for its. spies,
… 1 http://khup.com/keyword/victor-ostrovsky-mossad-by-way-of-deception.html 2 http://khup.com/keyword/page-2/victor-ostrovsky-mossad-by-way-of-deception.html 3 http://khup.com/keyword/page-3/victor-ostrovsky-mossad-by-way-of-deception.html ]
An Israeli court finds former president Moshe Katsav guilty of rape,
indecent assault and sexual harassment of female subordinates, the most serious
conviction of a former top official in Israel's history
A
villain in foreclosure crisis (Washington Post) [ Villain … as in singular … as opposed to plural in a very big way
… I don’t think so … We can hear new words ringing and put to that once popular
theme, formerly of love but now of fraud, ‘Where do we begin, to tell the story
of how great and massive frauds can be, that great fraud story that spreads
from sea to sea, in defacto bankrupt america and the futures taken from we …
Yes, ‘Fraud Story’ … the forever american story… It’s really that bad and worse
than could be imagined at this immutably intractable juncture. I mean, what isn’t fraudulent in pervasively
corrupt, defacto bankrupt america today, from courts, to government, to policy,
etc., ie., inter alia see infra, Senate convicts Clinton-appointed judge... Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) End those lifetime licenses to steel. ] In earlier
hearings, two attorneys who once worked with Porteous had testified that they
gave him thousands of dollars in cash, including about $2,000 stuffed in an
envelope in 1999, just before Porteous decided a major civil case in their
client's favor. ] A registry with 67M
mortgages on file shoulders much of blame in the uproar over the paperwork
mess. Economic
forecasters see growth in 2011 (Washington Post) [ Growth indeed … in the deficits that is …
and in insurmountable fashion at that … which masks / obfuscates in the
short-term the weakness and structural shift in the worst economic terms
imaginable while benefiting the self-interested few (ie., frauds on wall
street, war profiteers, the ‘already campaigning for the next election’ pols,
etc.. The trade-off is far from commensurate.
Tipping
Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The
financial collapse that so many of us have been anticipating is seemingly
closer then ever. Over the past several weeks, there have been a host of
ominous signs for the U.S. economy.The Economic Collapse
The financial
collapse that so many of us have been anticipating is seemingly closer then
ever. Over the past several weeks, there have been a host of ominous
signs for the U.S. economy. Yields on U.S. Treasuries have moved up
rapidly and Moody’s is publicly warning that it may have to cut the rating on
U.S. government debt soon. Mortgage rates are also moving up
aggressively. The euro and the U.S. dollar both look incredibly
shaky. Jobs continue to be shipped out of the United States at a
blistering pace as our politicians stand by and do nothing. Confidence in
U.S. government debt around the globe continues to decline. State and
local governments that are drowning in debt across the United States are
savagely cutting back on even essential social services and are coming up with
increasingly “creative” ways of getting more money out of all of us.
Meanwhile, tremor after tremor continues to strike the world financial
system. So does this mean that we have almost reached a tipping
point? Is the world on the verge of a major financial collapse?
Let’s hope
not, but with each passing week the financial news just seems to get eve
worse. Not only is U.S. government debt spinning wildly toward a breaking
point, but many U.S. states (such as California) are in such horrific financial
condition that they are beginning to resemble banana republics.
But it is not
just the United States that is in trouble. Nightmarish debt problems in
Greece, Spain, Portugal, Ireland, Italy, Belgium and several other European
nations threaten to crash the euro at any time. In fact, many economists
are now openly debating which will collapse first – the euro or the U.S.
dollar.
Sadly, this is
the inevitable result of constructing a global financial system on debt.
All debt bubbles eventually collapse. Currently we are living in the
biggest debt bubble in the history of the world, and when this one bursts it is
going to be a disaster of truly historic proportions.
So will we
reach a tipping point soon? Well, the following are 25 signs that the
financial collapse is rapidly getting closer….
#1 The official U.S. unemployment rate has not been
beneath 9 percent since
April 2009 .
#2 According to the U.S. Census Bureau, there are
currently 6.3
million vacant homes in the United States that are either for sale or for
rent.
#3 It is being projected that the U.S. trade deficit
with China could hit 270 billion dollars
for the entire year of 2010.
#4 Back in 2000, 7.2 percent of blue collar workers
were either unemployed or underemployed. Today that figure is up
to 19.5 percent .
#5 The Chinese government has accumulated approximately
$2.65 trillion in
total foreign exchange reserves. They have drained this wealth from the
economies of other nations (such as the United States) and instead of
reinvesting all of it they are just sitting on much of it. This is
creating tremendous imbalances in the global economy.
#6 Since the year 2000, we have lost 10% of our middle class jobs. In the
year 2000 there were approximately 72 million middle class jobs in the United
States but today there are only about 65 million middle class jobs.
#7 The United States now employs about the same number
of people in manufacturing as
it did back in 1940 . Considering the fact that we had 132 million
people living in this country in 1940 and that we have well over 300 million
people living in this country today, that is a very sobering statistic.
#8 According to CoreLogic, U.S. housing prices have now
declined for
three months in a row .
#9 The average rate on a 30 year fixed rate mortgage soared
11 basis points just this past week. As mortgage rates continue to
push higher it is going to make it even more difficult for American families to
afford homes.
#10 22.5 percent of all residential mortgages in the
United States were in negative equity as of the end of the third quarter
of 2010.
#11 The U.S. monetary base has
more than doubled since the beginning of the most recent recession.
#12 U.S. Treasury yields have been rising steadily
during the 4th quarter of 2010 and
recently hit a six-month high .
#13 Incoming governor Jerry Brown is scrambling to find
$29 billion more to cut from the California state budget. The
following quote from Brown about the desperate condition of California
state finances is not going to do much to inspire confidence in California’s
financial situation around the globe….
“We’ve been living in fantasy land. It is much worse
than I thought. I’m shocked.”
#14
24.3
percent of the residents of El Centro, California are currently unemployed.
#15
The average home in Merced, California has declined in value by
63 percent over the past four years.
#16
Detroit Mayor Dave Bing has come up with a new way to save money. He
wants to cut 20
percent of Detroit off from essential social services such as road repairs,
police patrols, functioning street lights and garbage collection.
#17
The second most dangerous city in the United States – Camden, New Jersey – is
about to lay off about
half its police in a desperate attempt to save money.
#18
In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent. More older
Americans than ever find that they have to keep working just to survive.
#19
Back in 1998, the United States had 25 percent of the world’s high-tech export
market and China had just 10 percent. Ten years later, the United States had
less than 15 percent and China’s share had soared to 20 percent .
#20
The U.S. government budget deficit increased to a whopping $150.4 billion last
month, which represented the biggest November budget deficit on record .
#21
The U.S. government is somehow going to have to roll over existing debt and
finance new debt that
is equivalent to 27.8 percent of GDP in 2011.
#22
The United States had been the leading consumer of energy on the globe for
about 100 years, but this past summer China took over the number one spot .
#23
According to an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail out of the
profession over the next three years.
#24
As 2007 began, there were just over 1 million Americans that had been
unemployed for half a year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#25
All over the United States, local governments have begun instituting “police response
fees”. For example, New York Mayor Michael Bloomberg has come up with a
plan under which a
fee of $365 would be charged if police are called to respond to an
automobile accident where no injuries are involved. If there are injuries
as a result of the crash that is going to cost extra.
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is a complete
disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron Task is the host of Tech
Ticker. You can follow him on Twitter at @atask [email protected]
Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘
]
As 2011 begins, the U.S. is poised for its strongest year of economic growth
since the recession began three years ago. Plenty of risks that could undermine
the recovery remain, and it could take years of solid growth to get the nation
out of its deep economic hole. Krauthammer:
How
to impose a liberal agenda (Washington Post) [ I am not being sarcastic
here when I say, and I believe with good reason, that liberal / conservative,
republican / democrat labels, agendas, distinctions are complete fictions today
in favor of the reality of total incompetence, pervasive corruption, and
self-interested expedience. Indeed, with dumbya bush bush being the easiest of
presidential acts to follow, wobama’s abject failure can be tied to his
label-defying continuation of
contraindicated self-sustaining / self-defeating war policies,
profligate spending on less revenue, etc.. Even the Reagan days are besmirched
by the reality of the substantial growth, not shrinkage of the government
bureaucracy. The 2 bush incompetents / war criminals were blazing bureaucrats
by any standard which was what made poppy bush a ‘required’ presence on the
Reagan ticket (cia, government mob, etc.). The clintons no different, and of
course, ‘wobama the b’ for b*** s*** at best no different and probably worse
which of course, consistent with their spend more on less revenues,
particularly to favor the few (ie., frauds on wall street, war profiteers,
government employees and contractors, etc., is reflected in the insurmountable
budget deficits and ultimately failed policies across the board. ] Come on! Do you really believe those employment numbers? Given their
desperation, at best there was a collusive one day spike of one-day duration
temp hires on the last day of the month! 5
More Themes for 2011 Suttmeir ‘5 themes for 2011 (6 more are on their way):
Home prices will resume a decline that began in
mid-2006. We had the home buyer
tax credits expire in mid-2010, and government sponsored mortgage
modifications provided limited help. In 2011 we face continued foreclosure
issues including questionable documentation, and banks have a record high
Other Real Estate Owned (OREO). OREO is up to $53.2 billion at the end of
the third quarter, up 338.2% since the end of 2007. Depressed home sales
are being sold at a 30% to 35% discount, which reduces property appraisals
at the county level. Home builders will have to compete with these lower
prices and we need a mortgage modification program for all Americans, not
just those at risk of losing their homes. QE2 is not working and US
Treasury yields are higher causing mortgage rates to rise. “The
Great Credit Crunch” began with housing, and that foundation needs repair
before Main Street can recover with sustainable job creation.
Community banks still have $1.43 trillion in
commercial real estate loans that require resolution. The FDIC’s List of Problem Banks rose to 860 in
the third quarter of 2010, which is 11.1% of all insured institutions. My
analysis shows 2,485 or 32% of all banks overexposed to commercial real
estate loans, and 3,938 or 50.7% of all banks with real estate loan
pipelines that are 80% to 100% funded. This stress needs to be addressed
before jobs can be created on Main Street USA as housing and construction
drive local economies. “The Great Credit Crunch” will not end
without a program to remove toxic real estate loans from the books of
community banks around the country.
The banking system is supposed to de-lever risk,
but it has not. When I look at
the Notional Amount of Derivative Contracts I cringe at the fact that
since the end of 2007 this risk category has grown $71.6 trillion since
the end of 2007, that’s an increase of 43.5% to $236.4 trillion at the end
of the third quarter in an environment where banks should be de-leveraging
not adding to this risk where financial time bombs are ticking.
Fannie Mae and Freddie Mac will continue to drain taxpayer money as the
Treasury provides unlimited lines of credit through 2012. The cost
currently is about $150 billion, by far the largest of any government
bailouts. We need to unwind the activities of these GSEs, and beef
up Ginnie Mae as the go to government agency that backs new mortgage
issuance.
Because of the housing market depression and
stress in the banking system the unemployment rate will stay above 9% for
all of 2011.
Tracking the US Capital Markets – US stocks are overvalued fundamentally and overbought
technically on both daily and weekly charts. The snow storm causes stocks
to drift lower and higher.
The major equity averages are below this week’s
risky levels as the year draws to a close at: 11,629 Dow, 1269.4 SPX, 2682
NASDAQ, 5215 Dow Transports and 808.57 Russell 2000. Fifteen of sixteen sectors are overvalued
according to ValuEngine with only 37.9% of all stocks undervalued. At 35%
the stock market tends to find a top. Only 17.4% of all stocks are
undervalued by 20% or more.
Here are my remaining themes for 2011 – Six through
Eleven (a continuation
of 1-5 )
6.
QE2, the $600 billion program where the Federal Reserve buys long dated US Treasury
Securities has been a failure so far. The
yield on the 10-Year was 2.334 when Fed Chief Bernanke touted QE2 in October
only to see the yield nearly 125 basis points higher in December. The primary
intent of QE2 was to lower longer-dated US Treasury yields. Yields held this
week’s value level at 3.494 again on Wednesday. There is risk to 3.75 to
4.25 in 2011, but with or without this weakness, the 10-Year yield will decline
to 2.75 to 2.50 during 2011.
7.
Comex Gold has gone parabolic, and therefore you cannot predict how high gold
prices can climb. I do know that
corrections will be fierce and painful for those that buy strength instead of
weakness. The 2011 neutral zone is between $1350 and $1450.
8.
Nymex Crude Oil is headed back above $100 per barrel according to most experts.
I cannot rule that out for 2011, but
the downside is more significant given weekly closes below the $87 per barrel
area. If gasoline stays above $3.00 per gallon demand on Main Street will slow
down and will be a drag on economic growth and job creation.
9.
Problems among the PIIGS nations denominated in euros will trump problems at
the state level in the USA. This
will keep the euro versus the dollar in a trading range. We will begin
2011 with a quarterly pivot around 1.3150.
10.
US stocks show strong technical characteristics. The S&P 500 is above the 61.8% Fibonacci
Retracement of the decline from October 2007 to the low of March 2009 at
1228.74. Dow Theory had a Buy Signal in early November and another confirmation
in December. The Dow Industrial Average – I project downside to 9,375 in
the first half with a rebound to 11,500 in the second half. Strength above
11,500 will return to 11,500, and the 2011 close will be at or below 11,500.
11.ValuEngine.com
indicates that equity fundamental are not cheap. Fifteen of sixteen sectors will begin 2011 overvalued
according to ValuEngine. The normal range for the percent undervalued or
overvalued stocks is 35% to 65%. We will begin 2011 close to the low end of the
range for undervalued stocks and towards the high end for overvalued stocks. Because
of the battle between the technicals and fundamentals, stocks will be
reversal-oriented in 2011 and be little changed year over year.
Tracking
the US Capital Markets – US stocks
are overvalued fundamentally and overbought technically on both daily and
weekly charts.
The major equity averages remain below this
week’s risky levels as the year draws to a close at: 11,629 Dow, 1269.4
SPX, 2682 NASDAQ, 5215 Dow Transports and 808.57 Russell 2000. Fifteen of sixteen sectors are overvalued
according to ValuEngine with only 37.7% of all stocks undervalued. At 35%
the stock market tends to find a top. Only 17.5% of all stocks are
undervalued by 20% or more.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate
any positions within the next 72 hours.’
Struggling to the Finish Line: Dave's Daily ‘Most
economic news today (Jobless Claims, Chicago PMI and Home Sales) was, ahem,
"better than expected"; still, that didn't spark any determined
buying. Maybe without any POMO Thursday trading desks were running on empty.
2010 was an interesting year with lots of erratic behavior but a Fed
"stick save" in the end. Flash Crashes, elections, tax issues,
spending, unemployment, POMO and home prices were all center stage. Now you're
probably expecting some sort of forecast from your humble pundit, but alas, all
I can offer are three basic tenets to follow:
"The
best laid schemes of mice and men go often askew."
-- Robert
Burns
Or, if you
prefer: "The best laid plans of mice and men often go awry"
-- John
Steinbeck
"If
you must forecast, forecast often."
--Economist
Edgar Fiedler (ETF Digest Sacred Cow IX)
"Things
change"
-- ETF Digest
Sacred Cow X
You were
expecting Dow 20,000?!?
Volume
Thursday did improve a tad and breadth was flat… ‘
Home
foreclosures jump in 3rd quarter: regulators Reuters | U.S. home foreclosures jumped in the third quarter
and banks’ efforts to keep borrowers in their homes dropped as the housing
market continues to struggle.
Baby
Boomers Start To Turn 65: 16 Statistics About The Coming Retirement Crisis That
Will Drop Your Jaw The American Dream | The moment when
the first Baby Boomers reach retirement age has arrived. ‘ … The following are
16 statistics about the coming retirement crisis that will drop your jaw…..
#1 Beginning January 1st, 2011 every single day more
than 10,000 Baby Boomers will reach the age of 65. That is going to keep
happening every single day for the next 19 years.
#2 According to one recent survey, 36 percent of
Americans say that they don’t
contribute anything at all to retirement savings.
#3 Most Baby Boomers do not have a traditional pension
plan because they have been going out of style over the past 30 years.
Just consider the following quote from Time
Magazine : The traditional pension plan is disappearing. In 1980, some
39 percent of private-sector workers had a pension that guaranteed a steady
payout during retirement. Today that number stands closer to 15 percent,
according to the Employee Benefit Research Institute in Washington, D.C.
#4 Over 30 percent of U.S. investors currently in their
sixties have more than 80
percent of their 401k invested in equities. So what happens if the
stock market crashes again?
#5 35%
of Americans already over the age of 65 rely almost entirely on
Social Security payments alone.
#6 According to another recent survey, 24%
of U.S. workers admit that they
have postponed their planned retirement age at least
once during the past year.
#7 Approximately
3 out of 4 Americans start claiming Social Security benefits the moment
they are eligible at age 62. Most are doing this out of necessity.
However, by claiming Social Security early they get locked in at a much lower
amount than if they would have waited.
#8 Pension consultant Girard Miller recently told
California’s Little Hoover Commission that state and local government bodies in
the state of California have $325
billion in combined unfunded pension liabilities. When you break that
down, it comes to $22,000 for every single working adult in California.
#9 According to a recent report from Stanford
University, California’s three biggest pension funds are as much as $500
billion short of meeting future retiree benefit obligations.
#10
It has been reported that the $33.7 billion Illinois Teachers
Retirement System is
61% underfunded and is on the verge of complete collapse.
Robert Novy-Marx of the
University of Chicago and Joshua D. Rauh of Northwestern’s Kellogg School of
Management recently calculated the combined pension liability for all 50
U.S. states. What they found was that the 50 states are collectively
facing $5.17 trillion in pension obligations, but they only
have $1.94 trillion set aside in state pension funds. That is a
difference of 3.2
trillion dollars . So where in the world is all of that extra money
going to come from? Most of the states are already completely broke and on
the verge of bankruptcy.
#12
According to the Congressional Budget Office, the Social Security system will pay
out more in benefits than it receives in payroll taxes in 2010. That
was not supposed to happen until at least 2016. Sadly, in the years
ahead these “Social Security deficits” are scheduled to become absolutely
horrific as hordes of Baby Boomers start to retire.
#13
In 1950, each retiree’s Social Security benefit was paid for by 16
U.S. workers. In 2010, each retiree’s Social Security benefit
is paid for by approximately 3.3 U.S. workers. By 2025, it is
projected that
there will be approximately two U.S. workers for each retiree. How in
the world can the system possibly continue to function properly with numbers
like that?
#14
According to a
recent U.S. government report , soaring interest costs on
the U.S. national debt plus rapidly escalating spending on
entitlement programs such as Social Security and Medicare will absorb
approximately 92 cents of every single dollar of federal revenue by the
year 2019. That is before a single dollar is spent on anything
else.
#15
After analyzing Congressional Budget Office data, Boston University economics
professor Laurence J. Kotlikoff concluded that the U.S. government is facing a “fiscal
gap” of $202 trillion dollars. A big chunk of that is made up of
future obligations to Social Security and Medicare recipients.
#16
According to a recent AARP survey of Baby Boomers, 40
percent of them plan to work “until they drop”.
Companies all over America have been dropping their
pension plans in anticipation of the time when the Baby Boomers would
retire. 401k programs were supposed to be part of the answer, but if the
stock market crashes again, it is absolutely going to devastate the Baby
Boomers.
State and local governments are scrambling to find
ways to pay out all the benefits that they have been promising. Many
state and local governments will be forced into some very hard choices by the
hordes of Baby Boomers that will now be retiring.
Of course whenever a big financial crisis comes along
these days everyone looks to the federal government to fix the problem.
But the truth is that after fixing crisis after crisis the federal government
is flat broke …’
Housing
Is My #1 Theme as Home Prices Resume Their Decline Suttmeier ‘On Tuesday I published the first five of
my eleven themes for 2011.
Number
One - Home Prices will resume a decline that began in mid-2006.
We had the home buyer tax credits expire in
mid-2010, and government sponsored mortgage modifications provided limited
help. In 2011 we face continued foreclosure issues
including questionable documentation, and banks have a record high Other
Real Estate Owned (OREO). OREO is up to $53.2 billion at the end of the
third quarter, up 338.2% since the end of 2007. Depressed home sales are being sold at a 30% to
35% discount, which reduces property appraisals at the county level. Home builders will have to compete with these
lower prices and we need a mortgage modification program for all
Americans, not just those at risk of losing their homes. QE2 is not working and US Treasury yields are
higher, causing mortgage rates to rise. “The Great Credit Crunch” began with housing,
and that foundation needs repair before Main Street can recover with
sustainable job creation.
On
Tuesday we learned that home prices are on the decline again according to
Case-Shiller, and that the Conference Board’s Consumer Confidence fell to 52.5
in December. The National
Association of Home Builders Housing Market Index remains depressed at 16, when
a reading of 50 is neutral. The Consumer Confidence reading at 52.5 is
depressed considering that 90 to 120 is the neutral zone.
The 20-City Composite from the Case-Shiller Home
Price Index fell 1.3% sequentially in October and 0.8% year over year with
Atlanta, Charlotte, Miami, Portland, Seattle and Tampa hitting new lows
since home prices began to fall in mid-2006. Home sales are down 25% year over year and the
supply of unsold homes is up 50%, and housing starts are near thirty year
lows. From the mid-2006 peak to current home prices
are down 29.6%. The 20-City Composite is still 50% above its
starting point at the end of 1999.
Click to enlarge [chart]
Tracking
the US Capital Markets – US stocks
are overvalued fundamentally and overbought technically on both daily and
weekly charts.
The major equity averages are below this week’s
risky levels as the year draws to a close at: 11,629 Dow, 1269.4 SPX, 2682
NASDAQ, 5215 Dow Transports and 808.57 Russell 2000. Fifteen of sixteen sectors are overvalued
according to ValuEngine, with only 36.2% of all stocks undervalued. At 35%
the stock market tends to find a top. Only 16.9% of all stocks are
undervalued by 20% or more.
Click to enlarge [chart]
The
Yield on the 10-Year Note (3.466) – This
week’s value level is 3.494 has held on weakness with today’s risky level at
3.264.
Comex
Gold ($1405.7) – Today’s value level
is $1387.4 with this week’s pivot at $1401.2 and monthly risky level at
$1443.5.
Nymex
Crude Oil ($91.23) – Today’s pivot
is $91.38 with this week’s risky level at $93.28.
The
Euro (1.3116) – Today’s value level
is 1.3060 with my quarterly pivot at 1.3318, which goes away at the end of the
year.
The
Dow Industrial Average (11,576) – Remains
extremely overbought on both daily and weekly charts. The five-day modified
moving average is 11,523 with daily and weekly risky levels at 11,618 and
11,629.
Disclosure: I have no
positions in any stocks mentioned, and no plans to initiate any positions
within the next 72 hours.’
Housing
Is My #1 Theme as Home Prices Resume Their Decline Suttmeier ‘On Tuesday I published the first five of
my eleven themes for 2011.
Number
One - Home Prices will resume a decline that began in mid-2006.
We had the home buyer tax credits expire in
mid-2010, and government sponsored mortgage modifications provided limited
help. In 2011 we face continued foreclosure issues
including questionable documentation, and banks have a record high Other
Real Estate Owned (OREO). OREO is up to $53.2 billion at the end of the
third quarter, up 338.2% since the end of 2007. Depressed home sales are being sold at a 30% to
35% discount, which reduces property appraisals at the county level. Home builders will have to compete with these
lower prices and we need a mortgage modification program for all
Americans, not just those at risk of losing their homes. QE2 is not working and US Treasury yields are
higher, causing mortgage rates to rise. “The Great Credit Crunch” began with housing,
and that foundation needs repair before Main Street can recover with
sustainable job creation.
On
Tuesday we learned that home prices are on the decline again according to
Case-Shiller, and that the Conference Board’s Consumer Confidence fell to 52.5
in December. The National
Association of Home Builders Housing Market Index remains depressed at 16, when
a reading of 50 is neutral. The Consumer Confidence reading at 52.5 is
depressed considering that 90 to 120 is the neutral zone.
The 20-City Composite from the Case-Shiller Home
Price Index fell 1.3% sequentially in October and 0.8% year over year with
Atlanta, Charlotte, Miami, Portland, Seattle and Tampa hitting new lows
since home prices began to fall in mid-2006. Home sales are down 25% year over year and the
supply of unsold homes is up 50%, and housing starts are near thirty year
lows. From the mid-2006 peak to current home prices
are down 29.6%. The 20-City Composite is still 50% above its
starting point at the end of 1999.
Click to enlarge [chart]
Tracking
the US Capital Markets – US stocks
are overvalued fundamentally and overbought technically on both daily and weekly
charts.
The major equity averages are below this week’s
risky levels as the year draws to a close at: 11,629 Dow, 1269.4 SPX, 2682
NASDAQ, 5215 Dow Transports and 808.57 Russell 2000. Fifteen of sixteen sectors are overvalued
according to ValuEngine, with only 36.2% of all stocks undervalued. At 35%
the stock market tends to find a top. Only 16.9% of all stocks are
undervalued by 20% or more.
Click to enlarge [chart]
The
Yield on the 10-Year Note (3.466) – This
week’s value level is 3.494 has held on weakness with today’s risky level at
3.264.
Comex
Gold ($1405.7) – Today’s value level
is $1387.4 with this week’s pivot at $1401.2 and monthly risky level at
$1443.5.
Nymex
Crude Oil ($91.23) – Today’s pivot
is $91.38 with this week’s risky level at $93.28.
The
Euro (1.3116) – Today’s value level
is 1.3060 with my quarterly pivot at 1.3318, which goes away at the end of the
year.
The
Dow Industrial Average (11,576) – Remains
extremely overbought on both daily and weekly charts. The five-day modified
moving average is 11,523 with daily and weekly risky levels at 11,618 and
11,629.
Disclosure: I have no
positions in any stocks mentioned, and no plans to initiate any positions
within the next 72 hours.’
The 10 Most Important Tax Tips Of 2010 Posted by Investopedia
IN
PICTURES: Top 10
Solutions For A Big Tax Bill
Defer Income Until 2011 Contribute To A Retirement Plan traditional
IRA to a Roth
IRA or not, make sure you contribute the maximum amount you can before
the year’s over. It’s one of the easiest ways to save money on your taxes.Use Your Flexible Spending Account flexible
spending account (also known as a health
savings account or medical/health care spending account), use up
what’s left in your account for 2010. And if you haven’t opened one yet,
check into what your company offers. Be sure to specify the amount of your
2011 wages that you want to have placed in your flexible spending account.
(Learn more in Benefits
Of A Dependent Care Flexible Spending Account .)Invest In Your Business write-off
on your 2010 taxes.Save Energy tax
credit of up to $1,500. Though installing a new metal or asphalt roof
may be out of the question between now and January 1, you can purchase
energy-efficient windows, doors and appliances. And if you’re just itching
for another home improvement project to tackle over the holidays, install
a solar water heater or solar panels for another credit of up to 30% of
the cost.
IN PICTURES: 6
Tax Credits That Anyone Can Claim
Itemize, Itemize, Itemize itemized
deductions ; don’t forget home office purchases, supplies, fees for
memberships in professional organizations, technological costs (web
hosting, website design, internet costs). Be sure all your itemized
costs are for the business and you have the receipts.Donate IRS
specifies that checks mailed out must be postmarked by the last day of the
year. You can also make donations through major credit cards, as long as
the charges are authorized by the end of the year. (Generosity may be its
own reward, but some charitable giving also provides personal tax
benefits. Learn more in Deducting
Your Donations Contribute To A College Savings Plan gift
tax .Pay Your Next Health Insurance Premium net
earnings of your business). That can be a rather hefty deduction,
since it includes costs for your spouse and dependents as well. You can
pay ahead – cover your first premium of the new year in 2010, and you can
claim it on your 2010 taxes. (Find out where you can take a tax deduction
on the contributions you make; see Traditional
IRA Deductibility Limits For 2010 Pay Into A Specialized Account
The Bottom Line
For the latest financial news, see Water
Cooler Finance: FBI Insider-Trading
Hollywood and the war
machine [ I disagree. Yes, there’s
plenty of propaganda to go around in Hollywood, as everywhere else; but, on
balance, I believe more modern film particularly tends to paint war in the more
realistically negative light. This is especially so inasmuch as there hasn’t
been what anyone could call a so-called ‘good war’ to justify america’s war
criminal behavior for quite some time. Of course, there’s no denying the jewish
elements so stereotypical of Hollywood which does lend credence to the
criticism; but such ‘pro-zionist revelatory filmmaking’ as that regurgitated
by, ie., spielberg, etc., has become so predictably boring and devoid of
reality that such films now pale in comparison and popularity to the anti-war
films including offhand, ie., ‘Platoon’, ‘Apocalypse Now’, and more recently,
‘Hurt Locker’. It is true that in the past the military strong-armed even the
likes of Frank Capra to their propaganda campaigns; and, it is also true that
today’s attacks on first amendment protected speech are unprecedented in scope
as a consequence of the perceived threat of truth (of america’s pervasive
corruption, war crimes, fraud, etc.) leaking out all over … the internet
(mainstream media is concededly totally controlled – I don’t include, ie., The
Washington Post in the category of controlled media, but other papers, tv,
etc., certainly should be). Yet, I think the criticism better directed at the
source; viz., the criminal and corrupt elements of the american government et
als, which is almost all. ( I admit to being somewhat biased and ‘I previously wrote on my site, ‘I
happen to like and respect film as a rich medium which presents large amounts
of audio, visual, and thematic information which can be processed in relatively
small amounts of time, etc..’) .
] Al Jazeera | War is hell, but for Hollywood it has been a Godsend,
providing the perfect dramatic setting against which courageous heroes win the
hearts and minds of the movie going public . Russia rebuffs Western criticism of oil
tycoon's trial etc..
Pervasively corrupt america’s illegal system is a travesty and their propaganda
dogs don’t hunt no more! Army
edits its history of deadly battle of Wanat (Washington
Post) [ Come on! Does anyone really think they ever get a true story from the
u.s. gov’t et als about anything at all?
] Draft put majority of blame on top commanders, but final version's
focuses on lower-level leaders sparks anger among families of those killed.
A subtler tack to fight Afghan corruption? (Washington Post) [ How
about a not so subtler tack to fight corruption starting right here in the u.s.
of a. where corruption and crime are pervasive and in fact, at the root of the
Afghanistan problems, from american reinvigorated heroin trade to bribery
attendant thereto to killing civilians, etc..
Defacto
Bankrupt, Meaningfully Lawless, War Criminal Nation america, the leader of
nations … in crime:
Though having but 5% of the world’s population, america can
boast 76% of the world’s serial killers, followed by Europe with England/UK
then Germany leading the way for the eu [excerpt, 6 minute video, Serial
Killers: Real Life Hannibal Lechters http://www.albertpeia.com/realifeamericaserialkillers.mpg (as is consistent with crime generally,
see infra)]. Defacto bankrupt, fraudulent america also spends more on offensive
(defensive a misnomer / propaganda) military spending than all the nations of
the world combined, and by a large margin at that. Do you see a pattern
emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1). … ]
Wall
Street Is Laundering Drug Money And Getting Away With It Zach
Carter, … etc. … Drudgereport:
CLASSIFIED
NO MORE: USA RACES TO LIMIT WIKILEAKS DAMAGE
[Publishing the Wikileaks is the right thing to do; after all, one
cannot possibly look to even one rationally correct strategy, domestically,
globally, geopolitically that would justify continued hiding/cover-up of the
failed strategies, their genesis, flawed rationale, etc., which has cost this
nation and the world dearly] ... WIKILEAKS:
We've been hit with 'mass distributed denial of service attack'... MOST
EMBARRASSING, DAMAGING DISCLOSURE IN DECADES... SENATORS:
PROSECUTE THE LEAKERS! NYT
EXPLAINS: THE DECISION TO PUBLISH … [The NYT clearly did the right thing to
publish; after all, one cannot possibly look to even one rationally correct
strategy, domestically, globally, geopolitically that would justify continued
hiding/cover-up of the failed strategies, their genesis, flawed rationale,
etc., which has cost this nation and the world dearly]... SKorea
says sound of artillery heard on island... US,
SKorea start major naval drills... China
issues warning...
TO
THE BRINK
DHS
SEIZES DOMAIN NAMES... EU
Debt Crisis Escalates... 6
American soldiers killed in Afghanistan...
Next Debt
Crisis 'May Start in Washington'... WIKILEAKS
TURNS ON OBAMA! ] Authorities are
investigating whether Julian Assange violated criminal laws, including possible
charges under the Espionage Act, sources say. Afghanistan: Gates: Progress has
'exceeded my expectations' (Post, December 8, 2010; 5:53 PM) U.S. hurting peace chances by giving up on
israeli settlement freeze, analysts say (Post,
December 8, 2010; 11:00 PM) In South Korea, Joint Chiefs chairman scolds
China for its 'tacit approval' of North's aggression (Post,
December 8, 2010; 11:01 PM) Iran talks end with little sign of progress (Post, December 8, 2010; 1:04 AM) Rice, on 'The View,' defends Obama on
WikiLeaks (Post, December 8, 2010; 1:00 AM) (Washington Post) [ The problems in all these regions
are inextricably tied to the nation with insurmountable problems of its own and
own making. That nation quite obviously
is pervasively corrupt, meaningfully lawless, defacto bankrupt america (along
with such comparable enablers / allies as zionist israel, nato, etc.. How can
anyone believe anything they say, least of all gates who hails from
C(ottage)I(ndustries of)A(merica) based on lies, chaos, and conflict.]
Looking
back at 2010 (Washington Post) [ I think Mr. Sloan should run for office or
be appointed ‘Head of the Fed’ or u.s. attorney general, though his lack of
‘liar’ credentials might exclude the latter!
] I have performed a painful annual ritual ever since I began writing a
column about 20 years ago: re-reading my work for the year and telling you
about the things I got wrong and the things I wish I'd done differently. U.S.
home prices drop 1.3% (Washington
Post) [ Oooooh! Ouch … but no say the
frauds on wall street … that’s a good thing … you know … that ‘affordability
thing’ … yes, they say … sounds like a plan!
] Six regions hit new lows, and they're not expected to rebound anytime Budget
proposal to be delayed (Washington Post) [
At this point, who’s still counting … and does it count? I mean, near
$14 trillion and counting, the question is ‘can they count’ … then there’s the
real debt … Timid
Tuesday: Is it Safe? Davis ‘… This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ … Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is a complete
disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron Task is the host of Tech
Ticker. You can follow him on Twitter at @atask [email protected] ] President Obama expects to release his fiscal 2012 budget a week
later than the timetable set out under the Budget Act of 1974. 2010
worst year for bank failures since 1992 (Washington Post) [ And you can
safely say the worst is not over and there’s more to come …’ Suttmeier ‘5
Economic Themes for 2011 (6 more
are on their way): … 3.The banking system is supposed to de-lever risk, but it
has not. When I look at the Notional Amount of Derivative Contracts I cringe at
the fact that since the end of 2007 this risk category has grown $71.6 trillion
since the end of 2007, that’s an increase of 43.5% to $236.4 trillion at the
end of the third quarter in an environment where banks should be de-leveraging
not adding to this risk where financial time bombs are ticking…’ ‘Deadbeat’
TARP banks on rise (Washington Post) [ Sounds like a plan! Viz., when
worthless paper / securities / toxic assets are being carried in the trillions
now marked to anything (as per legislated mark to anything FASB rule change),
the reality is that there’s no real surplus from which to pay dividends,
etc.. ] Obama administration steps up
monitoring of banks that miss required payments. ] The nation is closing
out the year with 157 bank failures, up from 140 in 2009. 5
Economic Themes for 2011 Suttmeier
‘5 themes for 2011 (6 more are on their way):
Home prices will resume a decline that began in
mid-2006. We had the home buyer
tax credits expire in mid-2010, and government sponsored mortgage
modifications provided limited help. In 2011 we face continued foreclosure
issues including questionable documentation, and banks have a record high
Other Real Estate Owned (OREO). OREO is up to $53.2 billion at the end of
the third quarter, up 338.2% since the end of 2007. Depressed home sales
are being sold at a 30% to 35% discount, which reduces property appraisals
at the county level. Home builders will have to compete with these lower
prices and we need a mortgage modification program for all Americans, not
just those at risk of losing their homes. QE2 is not working and US Treasury
yields are higher causing mortgage rates to rise. “The Great Credit
Crunch” began with housing, and that foundation needs repair before Main
Street can recover with sustainable job creation.
Community banks still have $1.43 trillion in
commercial real estate loans that require resolution. The FDIC’s List of Problem Banks rose to 860 in
the third quarter of 2010, which is 11.1% of all insured institutions. My
analysis shows 2,485 or 32% of all banks overexposed to commercial real
estate loans, and 3,938 or 50.7% of all banks with real estate loan
pipelines that are 80% to 100% funded. This stress needs to be addressed
before jobs can be created on Main Street USA as housing and construction
drive local economies. “The Great Credit Crunch” will not end
without a program to remove toxic real estate loans from the books of
community banks around the country.
The banking system is supposed to de-lever risk,
but it has not. When I look at
the Notional Amount of Derivative Contracts I cringe at the fact that
since the end of 2007 this risk category has grown $71.6 trillion since
the end of 2007, that’s an increase of 43.5% to $236.4 trillion at the end
of the third quarter in an environment where banks should be de-leveraging
not adding to this risk where financial time bombs are ticking.
Fannie Mae and Freddie Mac will continue to drain taxpayer money as the
Treasury provides unlimited lines of credit through 2012. The cost
currently is about $150 billion, by far the largest of any government
bailouts. We need to unwind the activities of these GSEs, and beef
up Ginnie Mae as the go to government agency that backs new mortgage
issuance.
Because of the housing market depression and
stress in the banking system the unemployment rate will stay above 9% for
all of 2011.
Tracking the US Capital Markets – US stocks are overvalued fundamentally and overbought
technically on both daily and weekly charts. The snow storm causes stocks
to drift lower and higher.
The major equity averages are below this week’s
risky levels as the year draws to a close at: 11,629 Dow, 1269.4 SPX, 2682
NASDAQ, 5215 Dow Transports and 808.57 Russell 2000. Fifteen of sixteen sectors are overvalued
according to ValuEngine with only 37.9% of all stocks undervalued. At 35%
the stock market tends to find a top. Only 17.4% of all stocks are
undervalued by 20% or more.
The Yield on the 10-Year Note (3.345) – Tested this week’s value level at 3.494 with today’s
risky level at 3.306.
Comex Gold ($1384.2) – The 50-day at $1372.1 held at the low on Monday with
this week’s risky level at $1401.2.
Nymex Crude Oil ($90.79) – Reached a new high for the year at $91.88, shy of
this week’s risky level at $93.28. Support is the 21-day simple moving average
at $88.24.
The Euro (1.3163) – My weekly value level is 1.2906 with 200-day simple
moving average at 1.3087 and quarterly pivot at 1.3318, which goes away at the
end of the year.
The Dow Industrial Average (11,555) – Remains extremely overbought on both daily and weekly
charts. The 21-day simple moving average is 11,384 with a daily pivot at 11,569
and this week’s risky level at 11,629.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate
any positions within the next 72 hours.
Market
Crash on 12/31/10? Technical indicators suggest market collapse may
begin by December 31st Why
Stocks Could Collapse...Beginning as Soon as December 31, 2010!
The Fed has propped up the equity markets for
months ... but that could soon come to a
disastrous end! Dennis Slothower is one of the world’s leading technical analysts.
He’s one of the few advisors whose readers completely avoided ALL losses during
the disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as December 31st – so it’s important that you
take action now to prepare yourself. Click on the link below for immediate
access to Dennis Slothower’s latest report, which will explain – in plain
English – just how Dennis saw the collapse of 2008 coming…and how he’ll help
you avoid disaster in the weeks ahead.
http://www.stealthstocksonline.com/reports/FreeReport4StealthStocks.pdf
Don't Be Fooled By Investment Disinformation [ While this is
axiomatically true, it is also true that one must go beneath the numbers to
find the reality underlying particularly manipulated moves which, as one might
expect from a forbes contributor with an indirect bobblehead nod to the u.s.
market based upon, ie., ignoring such things as the debased dollar,
insurmountable debt, fraud, etc.. The u.s. numbers are a joke to keep ‘fools
rushin’ in’, to keep them sucked in, etc.. ] Iraq: 2 suicide bombings kill 19, wound
45
Progress breakin’ out all over …Britain charges 9 of 12 arrested in terror
plot (Post, December 27, 2010; 4:07 PM) …blowback’s a bitc*h! … Conflicting accounts of deadly raid in Kabul (Post, December 27, 2010; 6:32 PM) WikiLeaks
papers detail Iraq torture, US killings Al-Jazeera on Friday released what
it called “startling new information” from US documents obtained by WikiLeaks,
alleging state-sanctioned Iraqi torture and the killing of hundreds of
civilians at US military checkpoints. Julian
Assange to RT: WikiLeaks gives ‘most accurate picture of war’ The shocking
WikiLeaks release, which has revealed thousands of unreported civilian
casualties in Iraq, is the most accurate picture of war ever made, and it is
food for thought, says the website’s editor-in-chief. The report, condemned by
the Pentagon, claims that US commanders in Iraq ignored evidence of torture and
the murder of civilians. Spiegel:
WikiLeaks logs may reveal war crimes In its early analysis of the Iraq war
logs released by whistleblower site WikiLeaks on Friday, the German paper Der
Spiegel pointed to several accounts of what it calls “dubious attacks” by US
Apache helicopters that may have amounted to war crimes.Secret
Iraq war records reveal grim new details (Washington Post) Logs released by WikiLeaks offer chilling
insights about conflict's death toll and the tactics of Iraqi leaders who have
taken over as U.S. troops exit. [ Now
why did I think the u.s. military’s numbers were all wet? Poll: Does
WikiLeaks put soldiers in danger? I haven’t looked at this poll, but my
inner poll says needless wars in other people’s lands put soldiers at risk,
particularly when your nation is defacto bankrupt. ] Previous: 77,000 Iraqis killed from 2004 to
August 2008, U.S. military says (Washington
Post) [ And you can take that to the fraudulent american bank … riiiiight! …
Come on … americans lie about everything and certainly this … A conservative
estimate from AP through only 2007:
Study: 151,000 Iraqis died in conflict’s violence Surveyors face danger to
count casualties from 2003 to 2006 The Associated
Press - updated 1/9/2008 7:15:50
PM ET 2008-01-10T00:15:50 About 151,000 Iraqis died from violence in the first three years
after the United States invaded, concludes the best effort yet to count deaths
— one that still may not settle the fierce debate over the war's true toll on
civilians and others … americans are just lying war criminal american
scum. Obama’s
Finest Hour: Killing Innocent People For “Made-Up Crap” Floyd Empire Burlesque Oct 22, 2010 If ever I am tempted by the siren songs of my tribal
past as a deep-fried, yellow-dawg Democrat, and begin to feel any faint,
atavistic stirrings of sympathy for the old gang, I simply think of things like the scenario below , sketched last week by
Johann Hari, and those wispy ghosts of partisanship past go howling back to the
depths: … Unauthorized
US strike kills 4 Pakistanis A non-UN-sanctioned US strike on a house in
Pakistan’s tribal region of North Waziristan has killed four civilians and
injured two others.] Rise
in mergers may spell trouble for jobs
(Washington Post) [ Lifelines
for a few, obfuscation of impending disaster for most, fraudulent wall street
just loves those fees, and though contraindicated, the potential talking points
thereby. ] Some corporate mergers this year
have been shadowed by fears of layoffs. Toasting
the bad economy (Washington Post) [
As indeed the Russians should since they have much to celebrate. Russian
tiger team hails success
Moscow's
unprecedented military deal (Washington Post) ( France should be praised inasmuch
as a strong Russia, and conversely, a weak perpetual war, war mongering, war
crimes, pervasively corrupt nation, america is optimal for world peace! ) Russia
is last in series of major powers to seal valuable deals with India (Washington Post) ( Bravo for India … a deal with
Russia is a deal with a future! ) ] Their country still endures the sting of
economic crisis, but Russians plan to drink up this holiday season. Applebaum: The
'decline of the West' (Washington Post) [ It really is true … and, no
leftist sympathizer with his book of the same name, none other than Buchanan
says as much. The reason of course is based on reality. From Orwellian Britain,
to failed nation-state the pervasively corrupt and defacto bankrupt
wobama-bushland america, to perpetual war ‘me-toos’ (ie., nato allies, war
crimes nations israel, u.s., etc.), their frauds (wall street, etc.) protected,
laws meaningless(see RICO
case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) , their ruthless suppression subtle, hidden,
but odious as never before in their respective histories, the west at best has
become that ‘distinction without significant difference’ and heading to worse
than can be imagined. Of course they’ll lay blame to something other than the
huge frauds / wealth transfers that have plundered the nation. Indeed, one
could even cogently argue that said plundering gave rise to the flawed, failed
communism lie in the first instance. Yet, Russia, a great nation with a rich
history is not a communist nation, did not violently suppress the people as
they shirked that communist yoke / albatross, is not as defacto bankrupt,
meaningfully lawless, pervasively corrupt america engaging in perpetual wars of
destruction to persons and property, and with a great leader of historical
dimension in Putin is a far more rational choice than the bankrupt west on all
levels. As for communist china, it has
truly been a self-defeating, self-destructive creation of the west out of greed
which is in no short supply in the west.
PREVIOUS:
Wikileaks
founder freed on bail (Washington
Post) [ ‘… Moore (correctly) asserts
that Assange
is under attack solely because he had the courage to expose American war
crimes. Moore writes:
We
were taken to war in Iraq on a lie. Hundreds of thousands are now dead. Just
imagine if the men who planned this war crime back in 2002 had had a WikiLeaks
to deal with. They might not have been able to pull it off. The only reason
they thought they could get away with it was because they had a guaranteed
cloak of secrecy....
So
why is WikiLeaks, after performing such an important public service, under such
vicious attack? Because they have outed and embarrassed those who have covered
up the truth…’
Though
Assange’s arrest was on far more tenuous grounds owing to a CIA-linked girl,
Roman Polanski was similarly targeted: BBC
News - Roman Polanski triumphs at European Film Awards Dec 5, 2010
... Roman Polanski's thriller The Ghost
Writer wins six prizes at the European ... Polanski
was working on the film at the time of his arrest in ... www.bbc.co.uk/news/entertainment-arts-11921048 {I strongly recommend this, of course,
masterfully done film which deals with exactly that topic and the sordid,
unscrupulous machinations of the cia / u.s. (no wonder the u.s. opted out of
coverage by world treaty / The Hague thereby) to avoid detection of, and to
further such activities as the war crimes referenced.}Don’t forget: america has their own
untouchables in the illegal sense, ie., wall street, etc., and In interview, Bush defends
Iraq war and waterboarding [ Defending the indefensible … what choice
does he have … then there’s the lies … ] Bush
breaks silence, writes next chapter
(Washington Post) [ As a failed
president and war criminal himself, moron dumbya bush is among the few in the
world that makes failed president wobama look plausibly good in comparison …
wobama merely continued the failed policies of dumbya (perpetual war, no pros
the frauds on wallstreet, etc.) that got pervasively corrupt, defacto bankrupt
america to this point of decline and failure. ] Anne E. Kornblut Your take: His most memorable moment? [ Like regrets in that old song (his way)
he’s had a few – http://albertpeia.com/evilonthetarmac.htm here’s a few: bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm
: On March 11, 1999, Investor’s Business
Daily reported that at least nine (9) women have now charged that Clinton
"personally assaulted them or, through his ‘agents’ or ‘people,’
threatened to do them or their families physical harm." The list includes
Dolly Kyle Browning, Gennifer Flowers, Juanita Broaddrick, Paula Corbin Jones,
Kathleen Willey, Monica Lewinsky, Linda Tripp, Sally Perdue, and Elizabeth Ward
Gracen. "And all of them say they’re afraid for their safety so long as he
remains in power."
CLINTON BODY COUNT By: Ether Zone
Staff
Here
is the latest body count that we have. All of these people have been connected
with the Clintons in some form or another. We have not included any deaths that
could not be verified or connected to the Clinton scandals. All deaths are
listed chronologically by date. This list is current and accurate to the best
of our knowledge as of January 13, 1999 August 1, 2000. (see complete list http://albertpeia.com/bodycount.htm ) …’
] Robinson:
On
track to nowhere in Afghanistan (Washington Post) [ I agree with Mr. Robinson and we should be
thankful that he’s watching closely and, unlike so many others, he has courage
enough to say so : Obama's
glaring ego (Washington Post) [ Come on! Now known for what he really is;
viz., an insecure, dysfunctional, jive-talking b*** s*** artist, he’s just once
again, but typically wrong, and is nothing to have an ego about. Robinson: White
House is eerily silent on taxes (Washington Post) [ Eerily? I think not!
Expectantly? I think so! That is, once you get beyond the wobama b*** s*** !
And, truth be told party distinctions are merely distinctions without
significant differences (no prosecution of the wall street frauds, wars raging
in Afghanistan / Middle East, etc.. But alas, as to the ‘wobama whitehouse’
this was predictable early on as by David Icke : Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘Vast
numbers of people across the world, including many who should know better, have
been duped by the mind-game called Operation Obama... (excerpts) Obama has been
the chosen one for a long time, a fact known only to a few in the deep inner
circle, and his relationship with Brzezinski almost certainly goes back to the
start of the 1980s when he attended the Ivy League, and big-time Illuminati,
Columbia University where Brzezinski was head of the Institute for Communist
Affairs. Obama simply will not talk in any detail about this period. He has
been covertly funded and supported ever since by the Trilateral Commission and
its network of foundations connecting into the Ford Foundation, for whom
Obama's mother worked. And a question: Does anyone really believe that someone,
a 'man of the people', would simply appear from apparently nowhere to run the
slickest and best-funded presidential campaign in American history? He was
chosen long ago by those who wish to enslave the very people that Obama says he
wants to 'set free'. The sources of Obama funding read like a Wall Street Who's
Who - Goldman Sachs, UBS, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan
Chase, Morgan Stanley, and so on. No wonder he went back on his pledge to
accept the limitations of public funding for his campaign and instead took the
no-limit option of 'private funding. Then there is the Jewish financier, George
Soros, the multi-billionaire associate of Brzezinski and closely involved with
the funding and marketing of Obama. Soros is a former board member of the
Illuminati's Council on Foreign Relations and funds the European Council on
Foreign Relations. In short, he is a major insider' You can certainly see the
Soros/Brzezinski techniques in the Obama 'revolution' in the United States. It
was the complex and secretive network of Soros foundations and organisations,
connected to the intelligence agencies of the US and Israel, that trained and
funded students in the Ukraine, Georgia and elsewhere in the art of mass
protest and overthrowing governments. These manufactured protests were sold to
the world as peoples' revolutions, but it just so happened that when they were
over and the old regime was removed the new leaders were those waiting in the
wings all along - the puppets of Soros, Brzezinski and their associated
networks. Obama is just more of the same, a big smile with strings attached,
and controlled completely by the Illuminati networks that chose him, trained
him, sold him and provided his record funding. It was they who kept his many
skeletons under wraps, like the gay sex and crack cocaine allegations of Larry
Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), and they will continue
to do so as long as he jumps to their bidding. Obama is just another Banksters'
moll prostituting himself for fame and power, and that's why he supported the
grotesque bail-out of the banking system and why he will always put their
interests before the people. His financial advisors are straight from the Wall
Street 'A' list, including Paul Adolph Volker (Trilateral Commission, Council
on Foreign Relations, Bilderberg Group), the head of the Federal Reserve from
1979 to 1987 and Illuminati to his fingertips. Obama has made him head of the
Economic Recovery Advisory Board, which is dominated by insiders, including its
staff director and chief economist, Austan Goolsbee, a close Obama associate
from the University of Chicago. Goolsbee is an initiate of the infamous
Illuminati Skull and Bones Society at Yale University, which also includes Boy
and Father Bush. It was Goolsbee who told the Canadian government not to worry
about Obama's attacks on the economic effects of free trade agreements because
his words were just to win votes in the election campaign. Another Wall Street
insider, the Zionist Timothy Geithner (Bilderberg Group, Trilateral Commission,
Council on Foreign Relations), was appointed by Obama to be his Treasury
Secretary. Geithner was the President of the New York Federal Reserve Bank, the
most powerful in the private Federal Reserve cartel that masquerades as
America's central bank, and he is a former employee of both the Council on
Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team
locks into the inner circle around the Zionist Robert Rubin, the Director and
Senior Counselor of Citigroup, co-chairman of the Council on Foreign Relations,
and economic advisor to Obama. Rubin, a member of the Illuminati Bilderberg
Group, was the man behind Citigroup's strategy of expanding its risk in debt
markets which forced it to be rescued by taxpayers' money. The very people who
caused the financial crisis are being appointed by Obama to decide how to
respond to it (more taxpayers' money for them and their friends) ‘ The following youtube video is well worth
the look and explains how and why the frauds on wall street have gotten away
with their devastating fraud thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ): While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker. This well researched / produced
video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the
view. [ The
Obama Deception Number 1 on U.S. Google Trends ]‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines. In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
------------------- In interview, Bush defends
Iraq war and waterboarding [ Defending the indefensible … what choice
does he have … then there’s the lies … ] Bush
breaks silence, writes next chapter
(Washington Post) [ As a failed
president and war criminal himself, moron dumbya bush is among the few in the
world that makes failed president wobama look plausibly good in comparison …
wobama merely continued the failed policies of dumbya (perpetual war, no pros
the frauds on wallstreet, etc.) that got pervasively corrupt, defacto bankrupt
america to this point of decline and failure. ] Anne E. Kornblut Your take: His most memorable moment? [ Like regrets in that old song (his way)
he’s had a few – http://albertpeia.com/evilonthetarmac.htm here’s a few: bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm
: On March 11, 1999, Investor’s Business
Daily reported that at least nine (9) women have now charged that Clinton
"personally assaulted them or, through his ‘agents’ or ‘people,’
threatened to do them or their families physical harm." The list includes
Dolly Kyle Browning, Gennifer Flowers, Juanita Broaddrick, Paula Corbin Jones,
Kathleen Willey, Monica Lewinsky, Linda Tripp, Sally Perdue, and Elizabeth Ward
Gracen. "And all of them say they’re afraid for their safety so long as he
remains in power."
CLINTON BODY COUNT By: Ether Zone
Staff
Here is the latest body
count that we have. All of these people have been connected with the Clintons
in some form or another. We have not included any deaths that could not be
verified or connected to the Clinton scandals. All deaths are listed
chronologically by date. This list is current and accurate to the best of our
knowledge as of January 13, 1999 August 1, 2000. (see complete list http://albertpeia.com/bodycount.htm ) Susan Coleman : Rumors were circulating in Arkansas of an affair
with Bill Clinton. She was found dead with a gunshot wound to the head at 7 1/2
months pregnant. Death was an apparent suicide. Kevin Ives & Don Henry: Initial cause of death was reported to be the result
of falling asleep on a railroad track in Arkansas on August 23, 1987. This
ruling was reported by the State medical examiner Fahmy Malak. Later it was
determined that Kevin died from a crushed skull prior to being placed on the
tracks. Don had been stabbed in the back. Rumors indicate that they might have
stumbled upon a Mena drug operation. Paul Olson: A Federal witness in investigations to drug money
corruption in Chicago politics, Paul had just finished 2 days of FBI interviews
when his plane ride home crashed, killing Paul and 130 others on Sept 8 1994.
The Sept. 15, 1994 Tempe Tribune newspaper reported that the FBI suspected that
a bomb had brought down the airplane. Calvin Walraven: 24 year on Walraven was a key witness against Jocelyn Elder's
son's drug case. Walraven was found dead in his apartment with a gunshot wound
to the head. Tim Hover, a Little Rock police spokesman says no foul play is
suspected. Alan G. Whicher: Oversaw Clinton's Secret Service detail. In October 1994
Whicher was transferred to the Secret Service field office in the Murrah
Building in Oklahoma City. Whatever warning was given to the BATF agents in
that building did not reach Alan Whicher, who died in the bomb blast of April
19th 1995. Ron Brown: . The Commerce Secretary died on April 3, 1996, in an
Air Force jet carrying Brown and 34 others, including 14 business executives on
a trade mission to Croatia, crashed into a mountainside. The Air Force, in a
22-volume report issued in June of 1996, confirmed its initial judgment that
the crash resulted from pilot errors and faulty navigation equipment At the
time of Brown's death, Independent Counsel Daniel Pearson was seeking to
determine whether Brown had engaged in several sham financial transactions with
longtime business partner Nolanda Hill shortly before he became secretary of
commerce. Charles Meissner: died: UNK - Following Ron Brown's death, John Huang was
placed on a Commerce Department contract that allowed him to retain his
security clearance by Charles Meissner. Shortly thereafter, Meissner died in
the crash of a small plane. He was an Assistant Secretary of Commerce
for International Economic Policy. Barbara Wise: Wise a 14-year Commerce Department employee found dead and
partially naked in her office following a long weekend. She worked in the same
section as John Huang. Officially, she is said to have died of natural causes. Mary C. Mahoney: 25, murdered at the Georgetown Starbuck's coffee bar over
the 4th of July '97 weekend. She was a former White House intern who worked
with John Huang. Apparently she knew Monica Lewinsky and her sexual encounters
with Bill Clinton. Although not verified, it has been said that Lewinsky told
Linda Tripp that she did not want to end up like Mahoney.
---------------------------------------------------------
The
Vietnam war was a painful time for America. Many young Americans were drafted
and died thousands of miles from their loved ones. Young men of priviledge had
a clear advantage - few of them went to Vietnam, securing positions in the
National Guards of their respective states. George W. Bush was one of these
men, securing a place in the Texas Air National Guard in spite of a waiting
list of several hundred. However, he claims that he did not receive special
consideration, which is clearly a lie. Most
of the young men lucky enough to get into the Guard fulfilled their
obligations. George W. Bush did not. He was absent without leave, AWOL, for
over a year. Not surprisingly, this got little attention from the corporate
media... …
After the hostages' release, the arms shipments to Iran continued. Profits were
funneled to another pet cause of the right wing - the Nicuaraguan terrorists
known as "freedom fighters" or "Contras". Another Contra source
of income was trafficking in narcotics, running cocaine into the United States,
with the full knowledge and cooperation of Administration officials. In the
80's there was a huge increase in the flow of cheap crack cocaine into the
inner cities of America and countless lives were destroyed. A
series of investigations led to the convictions of Oliver North and Vice
Admiral John C. Poindexter, head of the National Security Council, on charges
of obstructing Congress and unlawfully destroying documents, but both their
convictions were later reversed. In 1992 President George H.W. Bush pardoned
many of the top government officials who had been charged or convicted in the
scheme. The main perpetrators of Iran/Contra and associated events remain free
today, and many of them work in George W. Bush's Administration. …
Of
the three generations of Bush men mentioned on this site, the most evil and
most dangerous by far is George Bush, Sr. The
Bush family came by their wealth on the backs of 11 million dead. Prescott
Bush, along with partner E. Ronald Harriman, supplied financial aid and raw
materials to Hitler's Third Reich. In
1942, Bush/Harriman companies were seized under the Trading with the Enemy Act:
the Union Banking Corporation, the Holland-American Trading Corporation, the
Seamless Steel Equipment Corporation and Silesian-American Corporation. After
the war, the CIA recruited many former Nazis to work for them, escaping
prosecution for war crimes. Klaus Barbie, infamous for ordering the murder of
French children, was among them. He was, however, eventually caught and
returned to France to stand trial. …
Shortly before the 9/11 attacks, John Ashcroft stopped flying commercial and
started flying on government-chartered planes. Why? In
fact, the George W. Bush received many warnings that he disregarded. Bush knew,
and he did nothing. Why? Oil,
that's why. And a free rein to rape the Constitution. …-
David Blomstrom ] ] Gerson: He could have
taken quiet credit for the bipartisan tax deal; he chose otherwise. ]
‘Deadbeat’
TARP banks on rise (Washington Post) [ Sounds like a plan! Viz., when
worthless paper / securities / toxic assets are being carried in the trillions
now marked to anything (as per legislated mark to anything FASB rule change),
the reality is that there’s no real surplus from which to pay dividends,
etc.. ]Obama administration steps up
monitoring of banks that miss required payments. (12-26-10)
I’m constrained to eat crow here, inasmuch as I’ve previously had negative
things to say regarding Time Warner Cable. But, so as not to be one of those do
as I say, but not as I do hypocrites, I must state for the record here that
Time Warner Cable internet is far superior to the att-based DSL, and that att
can’t-do-thing means I’ll be canceling my (jersey / now dumbya bushie land) att
land line (done 12-27-10, along with DSL) which wasn’t fully functional anyway
but had kept same for the listing, and for internet connection which ultimately
required DSL and failed at that. (12-23-10) MY INTERNET CONNECTION IS DOWN AGAIN AND OF COURSE, I
WILL HAVE MORE TO SAY ABOUT THE PERVASIVELY CORRUPT, DEFACTO BANKRUPT AMERICAN
SCUMBAGS SHORTLY! They will be sorry they did this … I won’t forget it! (12-22-10) MY INTERNET CONNECTION IS DOWN SO I’M USING A LOCAL
WORKSTATION COMPUTER AND WILL HAVE MORE TO SAY ABOUT THE PERVASIVELY CORRUPT,
DEFACTO BANKRUPT AMERICAN SCUMBAGS SHORTLY! They will be sorry they did this …
I won’t forget! 10 Good Reasons To Be Worried About The Stock Market In
2011 Joe Weisenthal , On Sunday December 26, 2010,
‘This is one of David Rosenberg's best pieces in awhile. In his latest daily
note, the Gluskin-Sheff
1. STRATEGISTS ARE UNANIMOUSLY BULLISH "In
Barron’s look-ahead piece, not one strategist sees the prospect for a market
decline. This is called group-think. Moreover, the percentage of
brokerage house analysts and economists to raise their 2011 GDP forecasts has
risen substantially. Out of 49 economists surveyed, 35 say the U.S.
economy will outperform the already upwardly revised GDP forecasts, only 14 say
we will underperform. This is capitulation of historical proportions.
"Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#strategists-are-unanimously-bullish-1#ixzz19FzSp3Sd
2. INVESTORS
ARE GOING GAGA FOR STOCKS"The weekly fund flow data from the ICI showed
not only massive outflows, but in aggregate, retail investors withdrew a RECORD
net $8.6 billion from bond funds during the week ended December 15 (on top of
the $1.7 billion of outflows in the prior week). Maybe now all the bond
bears will shut their traps over this “bond-bubble” nonsense." Read more:
http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#investors-are-going-gaga-for-stocks-2#ixzz19G02eyCU
"Investors
Intelligence now shows the bull share heading up to 58.8% from 55.8% a
week ago, and the bear share is up to 20.6% from 20.5%. So bullish
sentiment has now reached a new high for the year and is now the highest
since 2007 ― just ahead of the market slide."Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#-3#ixzz19G0EYLuH
"It
may pay to have a look at Dow 1929-1949 analog lined up with January 2000.
We are getting very close to the May 1940 sell-off when Germany invaded
France. As a loyal reader and trusted friend notified us yesterday,
“fighting” war may be similar to the sovereign debt war raging in Europe
today. (Have a look at the jarring article on page 20 of today’s FT —
Germany is not immune to the contagion gripping Europe.) "Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#-4#ixzz19G0MEGXy
5. STOCK
DIVIDEND YIELDS ARE NOT SO HOT "What about the S&P 500 dividend yield,
and this comes courtesy of an old pal from Merrill Lynch who is currently an
investment advisor. Over the course of 2010, numerous analysts were
saying that people must own stocks because the dividend yields will be more
than that of the 10-year Treasury. But alas, here we are today with the
S&P 500 dividend yield at 2% and the 10-year T-note yield at 3.3%.From a
historical standpoint, the yield on the S&P 500 is very low ― too
low, in fact. This smacks of a market top and underscores the point that
the market is too optimistic in the sense that investors are willing to forgo
yield because they assume that they will get the return via the capital
gain. In essence, dividend yields are supposed to be higher than the risk
free yield in a fairly valued market because the higher yield is “supposed to”
compensate the investor for taking on extra risk. The last time S&P
yields were around this level was in the summer of 2000, and we know what happened
shortly after that. When the S&P yield gets to its long-term average
of 4.35%, maybe even a little higher, then stocks will likely be a long-term
buy. "Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#stock-dividend-yields-are-not-so-hot-5#ixzz19G0ow2m9
THE
DOW PRICED IN GOLD HAS MORE TO FALL Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#the-dow-priced-in-gold-has-more-to-fall-6#ixzz19G2x0gFe http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#the-dow-priced-in-gold-has-more-to-fall-6#ixzz19G17NoeR
7.
BREADTH IS
DETERIORATING "As Bob Farrell is
clearly indicating in his work, momentum and market breadth have been
lacking. The number of stocks in the S&P 500 that are making
52-week highs is declining even though the index continues to make new 52-week
highs. "Source: Gluskin-Sheff http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#breadth-is-deteriorating-7#ixzz19G1KZX2Q
8.
VALUATIONS ARE
GETTING RICH "Stocks are overvalued at the present levels. For
December, the Shiller P/E ratio says stocks are now trading at a whopping 22.7
times earnings! In normal economic periods, the Shiller P/E is between 14
and 16 times earnings. Coming out of the bursting of a credit bubble, the
P/E ratio historically is 12. Coming out of a credit bubble of the
magnitude we just had, the P/E should be at single digits." Source: Gluskin-Sheff http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#valuations-are-getting-rich-8#ixzz19G23tGaQ
9.
HOUSING
IS STILL A HUGE THREAT "The potential for a significant down-leg in home
prices is being underestimated. The unsold existing inventory is still
80% above the historical norm, at 3.7 million. And that does not include
the ‘shadow’ foreclosed inventory. According to some superb research
conducted by the Dallas Fed, completing the mean-reversion process would entail
a further 23% decline in real home prices from here. In a near zero
percent inflation environment, that is one massive decline in nominal
terms. Prices may not hit their ultimate bottom until some point in 2015.
"Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#housing-is-still-a-huge-threat-9#ixzz19G2O6qNU
10. FISCAL STRAINS POSE A MAJOR THREAT "Arguably the most
understated, yet significant, issue facing both U.S. economy and U.S. markets
is the escalating fiscal strains at the state and local government levels, particularly
those jurisdictions with uncomfortably high pension liabilities. Have a
look at Alabama town shows the cost of neglecting a pension fund on the front
page of the NYT as well as Chapter 9 weighed in pension woes on page C1 on
WSJ." In the absence of Chapter 9 declarations or dramatic federal
aid, fixing the fiscal problems at lower levels of government is very likely
going to require some radical restraint, perhaps even breaking up existing
contracts for current retirees and tapping tax payers for additional
revenues. The story has some how become lost in all the excitement over
the New Tax Deal cobbled together between the White House and the lame duck
Congress just a few weeks ago." Source: Gluskin-Sheff Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#fiscal-strains-pose-a-major-threat-10#ixzz19G2gqTZP
THE
STOCK MARKET IS A BUBBLE Corson ‘The stock market is not bubbled up, you
say? Well then, let's take a serious macro macro look at the situation and
raise the matter as a question.How is it that from about 1950 (or 1965 at
least) up to about 1985, the Dow Jones Industrial Average stayed mostly in the
range from about 250 to 1200, when America was growing and doing pretty well on
average, and then, from about 1985 to the year 2000 or so -- a mere fifteen
years -- the Dow shot up to over 10,000, when middle class America realized
almost no income gains in real terms and the economy basically cycled from one
boom and bust cycle to the next?I argue we face one of the biggest bubbles of
all time. Let me explain and lets address the problem by focusing on the DJIA.
Here is what the DJIA has done since 1965. click to enlarge images
[chart]
What
we observe is the DJIA has gone up about ten fold from 1965 to the year 2000 or
so. But what has industrial production in the US done during that time frame?
[chart]
Industrial
production has increased to be sure, but only by a factor of three or so. It
certainly has not increased anything like the DJIA. But there is slippage, you
say. To be sure, we now generate more services, the time series data have been
smoothed and more importantly changed, etc., etc. But these explanations simply
don't bridge the gap.
Back in the early-to-mid 1980s macro economists noted
that the risk premium being paid on equities over bonds was far higher than was
warranted by standard measures of individuals’ attitudes towards risk. In
short, the risk premium agents were being paid more than compensated them for
the risk. This was particularly surprising since over the long run, the risk on
equities was no different than that on bonds. As a result, there appeared to be
an arbitrage opportunity by shifting one’s portfolio from bonds to stocks and
holding the equities for a long time.
Do you believe that? We simply had a financial
epiphany and corrected. More importantly, do you want to believe that or
anything except we are bubbled up?As we know, Japan had this problem with its
stock market and here is what happened. But that can't happen here you say. I
ask, why not?
[chart]
Even GDP and profits have not caught up with this
market. They too have only increased three and a half fold at best.
[chart]
(The data in these charts are smoothed to conceal
recessions and ease presentation.)Why is it that we don't have a serious bubble
in our stock market now? Were our valuations all wrong for years on end
earlier, or do we have it wrong now? I think we have a problem and our heads
are in the sand… http://www.seekingalpha.com/article/243573-is-the-dow-showing-a-major-stock-market-bubble?source=yahoo
’
Rockefeller
Study Envisages Future Dictatorship Controlled By Elite … (Vegetables … Yes,
Asparagus, not Broccoli) … Here’s the pathetic news, however; it’s called
reality: [Neanderthals, Humans
Interbred, DNA Proves Signs of Neanderthals
Mating With Humans Neanderthals mated with some modern humans after all and left their
imprint in the human genome. Genome hints humans, Neanderthals rolled in
prehistoric hay You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals and people interbred, fossil
analysis finds see
here http://www.albertpeia.com/anthroindex1.htm
Previously I wrote: FOUND: MISSING LINK BETWEEN APES AND MAN.... [see infra] and [Interestingly, my
intuitive (but unstudied) thoughts prior to closer examination of the
compelling subject of Biological Anthropology remain what I believe to be the
correct scenario. Specifically, very simply stated, for the most part, the more
“enlightened” (but not by much; by mutation, accident, luck, intervention,
etc.) left the unvarying confines of their Sub-Saharan origins, experienced
diverse new environs, challenges, etc., experienced what has been described (by
neuroscientists, psychologists, etc.) as neurogenesis in varying degrees and
forms thereby over time, which trait was selected for and is consistent with
the purported multi-regional evolutionary model which does not overtly
contradict ultimately, initial African origins. Races, sub-species, missing
links, etc., are subsumed in this very humbling and sorrowful tale of the “dawn
of man”.] [see infra] … ] Global pandemics that kill
millions, mandatory quarantines, checkpoints, biometric ID cards, and a world
of top-down government control. These things are not lifted from the latest
sci-fi blockbuster movie, they’re part of the Rockefeller Foundation’s vision
for what the globe might be like in 15-20 years’ time under a new world order
tightly controlled by the elite. [That’s getting awfully close to the outside
‘decades, not millennia or even centuries’]. Iran
accuses US and UK of supporting group behind mosque attacks Iran is vowing
to hunt down a Sunni separatist group which claimed responsibility for a double
suicide bombing that killed 28 people at a mosque in the south-eastern city of
Zahedan.US, NATO
behind Iran bombings: MP An Iranian lawmaker slams the recent bombings in
the country’s southeast as a plot by Western military forces in the Middle East
to spread terror on Iran’s borders. WASHPOST
Ombudsman: Why Silence on Black Panther Story? (Washington Post) ‘Thursday's Post reported about a growing controversy
over the Justice
Department's decision to scale down a voter-intimidation case against members
of the New Black Panther Party . The story succinctly summarized the issues
but left many readers with a question: What took you so long? For months,
readers have contacted the ombudsman wondering why The Post hasn't been
covering the case. The calls increased recently after competitors such as the New
York Times and the Associated Press wrote stories. Fox News and right-wing
bloggers have been pumping the story. Liberal bloggers have countered, accusing
them of trying to manufacture a scandal. But The Post has been virtually
silent. The story has its origins on Election Day in 2008, when two members of
the New Black Panther Party stood in front of a Philadelphia polling place. YouTube
video of the men , now viewed nearly 1.5 million times, shows both wearing
paramilitary clothing. One carried a nightstick…’
Latino
KKK: You are too white to be American! ALIPAC | Tan
Klan woman can scream racist comments because the Obama administration and most
of the major news networks in America have her back.
‘West,
israel linked to SE Iran blasts’ A
ranking official with the Islamic Revolution Guards Corps (IRGC) has implicated
“the us , israel and some european countries” in the deadly blasts in the
southeastern Iranian city of Zahedan. De-classified
Vietnam-era Transcripts Show Senators Knew Gulf Of Tonkin Was A Staged False
Flag Event Over 1,100 pages of previously classified Vietnam-era
transcripts released this week by the Senate Foreign Relations Committee
highlight the fact that several Senators knew that the White House and the
Pentagon had deceived the American people over the 1964 Gulf of Tonkin
incident. Afghans march in Kabul to denounce NATO
strikes that killed civilians: Demonstrators shout anti-American slogans,
denounce NATO strikes Washington
Post ) Sounds like a plan! Almost surreal was the appearance of
gates on failed network ‘news’ show to shill the non-strategy of draw down (of
troops) linked to success. What success? Just being there and every day they’re
there is unequivocally abject failure. Celebritology
Weekend: Angelina Jolie biography arrives; Heidi Montag files for divorce ( Washington Post ) I usually don’t weigh in on
entertainment news, but this headline concerning what appears to be a
disparaging, and quite selectively so, purported biography of Angelina Jolie is
very disheartening when you consider the numerous instances of failed
leadership at nearly all very high levels of government having so detrimental
an impact on the world, that morton deems his time appropriate to an actress
who has actually tried to do good things (U.N., etc.) without having to.
Indeed, even her latest film ‘Salt’ (spectacular by any standard as is her
performance – there are at least 2 winning sequels there with 4 the max and
stretching it owing to age – she puts all, and I mean all the ‘Bonds’ to shame)
had an important message in terms of the damage to this nation by a seemingly
endless, nation-bankrupting, anti-american (war criminal israelis already, and
quite correctly, globally hated) sentiment producing war strategy that is
neither strategy nor reasonably consistent with any positive american goal /
objective; but rather is such a debacle
and folly that the same could very well be one that only an enemy of defacto
bankrupt america could hatch and for the reasoning set forth in the
well-written / directed film. She astutely observed and talked about the
synchronicity of the film as juxtaposed to recent events revealing that she is wiser than most in Washington. Drudgereport:
NEW
LOW FOR O: USATODAYGALLUP HAS OBAMA APPROVE AT 41%... America Is
'Bankrupt Mickey Mouse Economy'... WIRE:
USA 'Bankrupt and We Don't Even Know It'...
YOUTH UNEMPLOYMENT HITS
RECORD HIGH JOBLESS
CLAIMS JUMP TO HIGHEST SINCE FEB... California
can't pay bills -- may use IOUs for August payments...
DEFICIT
ADDS $165,040,000,000.00 -- IN ONE MONTH! Homes
lost to foreclosure up 6% from last year... Grim
Voter Mood Turns Grimmer... Claims
of Afghan civilian deaths spark protest... Military
sees heavier fighting in fall...
UPDATE:
Suspected serial killer arrested in Atlanta... Attempting
to flee to israel … to be with kindred spirits ...
DEFICIT
ADDS $165,040,000,000.00 -- IN ONE MONTH!
MOB
RUSH FOR FED AID DRAWS RIOT POLICE DOW drops
265... Feds
rethink policies that encourage home ownership... Obama: $3
Billion More in Aid for Unemployed... US
posts widest trade gap in 20 months... Q2 GDP Growth Could Be Revised To Just 1% After Trade Data... PUMP:
FED TO BUY MORE DEBT... DOWNGRADES
OUTLOOK... US-backed
fighters in Iraq defect to al-Qaida...
BACK
TO SPEND SOME MORE!
Republicans
Suggest Names for 'Second Stimulus' Bill... 'Where
do the bailouts end?' [I feel compelled to comment here that
even capital hill math would be hard-pressed to justify $26 billion taxpayer /
treasury dollars they don’t really have, to save 300,000 state / local
government jobs! After all, the nation is defacto bankrupt! ]
CASTRO
WARNS OF IMPENDING NUCLEAR HOLOCAUST WELCOME
TO THE RECOVERY... JULY
UNEMPLOYMENT -131,000 JOBS... Revised: May/June -97,000 jobs than first reported... Odd
mix of bad news...
CASTRO
WARNS OF IMPENDING NUCLEAR HOLOCAUST Michelle
Obama 'modern-day Marie Antoinette'...
NYT:
'Leaves the taxpayers with a hefty bill'... While
Obama preaches sacrifice, his family frolics in Spain...
Gazpacho,
turbot, veal and ratatouille with the king... Lavish
Obama vacation in time of economic turmoil raises eyebrows... BAKER:
'Leaves taxpayers with hefty bill'... Hollywood
star-studded gala at first lady's luxury hotel...
MICHELLE
O'S $375,000 VACATION?! Strolls Marbella after State Dept. 'racist' Spaniards gaffe...
White
House calling: Please will you make a coat for Michelle...
Boy
Scouts boo Obama... GALLUP:
Blacks and Whites Continue to Differ Sharply on Obama... JUDGE
KNOCKS DOWN MARRIAGE PROP IN CA BLOW
TO O: MO SAYS NO Voters
overwhelmingly rejected federal mandate to purchase health insurance...
Americans
swap passports; Desire to avoid tax leads some to renounce citizenship... Ahmadinejad
survives blast near motorcade... 'Stupid
Zionists have hired mercenaries to assassinate me'...
FALTERING RECOVERY TRIPS DOLLAR...
GM,
FORD and CHRYSLER Sales All Lag Estimates...
Stimulus
Slammed: Republican Senators Release Report Alleging Waste... The
100 worst stimulus projects...
SHOCK
VIDEO: DEM CONGRESSMAN BRAGS: 'FEDERAL GOVERNMENT CAN DO MOST ANYTHING IN THIS
COUNTRY'... Deadliest Month Of Afghan War
Paper:
Will Washington's Failures Lead To Second American Revolution
Maxine
Waters faces trial over bank bailout funds...
HOT WATERS Dems
Say Sorry, Charlie...
Democrats
Say Rangel Should Resign... Obama:
Time For Rangel To End Career 'With Dignity'...
60,000 babies born to 'noncitizens' get U.S. birthright - in Texas
alone...
Dutch
become 1st NATO member to quit Afghanistan...
Public
confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and
hold lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to
typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack
faith in Obama and hold lower esteem for members of Congress, according to the
latest Washington Post-ABC News poll. Such stats as this tend to typify
scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie.,
Afghanistan, etc.) to not prosecuting the frauds on wall street, and the
growing realization of ‘typical’:
But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason: The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights division
to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama
has promised to hold Wall Street accountable for the meltdown. ): While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker. This well researched / produced
video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the
view. [ The
Obama Deception Number 1 on U.S. Google Trends ]
Then there is the well researched,
produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to
this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
Pentagon warns Congress:
Accounts running dry... Eight U.S. service members killed in series
of attacks in southern Afghanistan (Washington Post, July 15,
2010) . This ridiculous war apparently for the sake of the american sponsored
reinvigorated heroin trade was a bad idea ab initio even if america wasn’t
defacto bankrupt.
Concern
over smashing into the 'wall of debt' (Washington Post) Oh, they’ve hit the
wall alright; and, it’s not just debt. I believe the printing presses have been working
overtime to pump out ever more worthless fiat currency and with the many
trillions of worthless fraudulent paper still out there and marked to anything.
I further believe the same is being surreptitiously used to supplant the
fraudulent paper, the consequences of which will be devastating, of course, as
is invariably so in depressions in any event. This scenario would also mean
huge fraud accomplis. This market
is paper on paper moving around and generating commissions at lightning
computerized speed but adding no real value in real economic terms; again, the
analogy of termites eating away at the (nation’s) foundation is apposite. As
such, that money has to come from some real place and hence, the ever more
frequent and larger crashes we are seeing. Don’t forget that the worthless paper
from previous such fraudulent schemes now marked to anything is still out there
in a magnitude some have placed in the hundreds of trillions. ‘This is
a global depression. This is a secular bear market in a global depression. The
past up move was a manipulated bull (s***) cycle in a secular bear market. This
has been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into .’
Harry Dent, Jr. Economy will be in a
Depression by 2011
Economists
worry women, minority business owners' gains will be lost (Washington Post)
Little bit late for ‘economists worry’; talk about senile greenspan /
no-recession bernanke economics / prognosticating. Does anybody recall the
merciless drubbing (and pressure) that Ross Perot got for predicting the ill
effects of NAFTA and standing against the tide. In america today, the best men
never win; that’s reality, and also the sign of decline.Exports
are up, but where are the jobs? (Washington Post) Gone with the wind?
Sorry, I must have been thinking of million dollar movies. Seriously though, I
dare say everyone knows they were gone with that ‘bi-partisan executive /
congressional, think-tank, cia / nsa ill wind’ that others might refer to as
flatulence / passing gas, also called NAFTA, and also proudly hailed by the
foregoing as ‘strategy’. They’re gone, and never to return. Moreover, the
flipside of the exports, viz., imports, doesn’t bode well despite the
fraudulent wall street b*** s*** and their chorus of cheerleaders in
washington. Some might say self-delusion but I would say fraud covers all.
Companies
pile up cash but still won't add jobs (Washington Post) Unlike the public sector (which now exceeds private
sector in job gains and average compensation), the private sector attempts to
mesh hiring with economic supply / demand factors to maximize (shareholder) profits / wealth. Whatever
faults american companies have, with relatively few exceptions, this still
remains a very basic fundamental and building surplus (generating profits) is a
necessary precept to ensure survival and the capacity to be a good ‘citizen’ so
to speak. Then there’s reality:
Retail
sales down for 2nd consecutive month (Washington Post) Another ‘Come on’ day on fraudulent wall street! This
time it’s the unexpected downward revision to previous market-frothing retail
sales report and poor retail sales and plunge in mortgage applications and then
there’s the fed minutes pointing to extended bad economy. See Dave Fry’s
(Daily) summary below referencing in euphemistic fashion, yet another ongoing
manipulation also known as fraud. (Absent prosecutions, they’ll continue to do
what comes natural to frauds on wall street). Great opportunity to sell / take
profits since much worse, also called reality beyond the b*** s***, to come.
Then there’s also the bad but typical news; viz., retail sales, mortgage apps, economic outlook down, and yesterday
deficits, trade and budget, up.
Mideast DigestNATION NEWS DIGEST: J.P. Morgan Chase
posts $4.8 billion profit (Washington Post) Yet another ‘Come on’ day on fraudulent wall street! This
time it’s the unexpected jump in continuing claims for unemployment, yesterday
the downward revision to previous market-frothing retail sales report and poor
retail sales and plunge in mortgage applications and then there’s the fed
minutes pointing to extended bad economy. Then there’s also now the ‘goldfinger
factor’ as in goldman’s middle finger. When you defraud for many billions, paying $550 million is
chump change. Goldman shares rocketed 5.5% in after-hours trading. No wonder
Goldman called it "the right outcome for our firm shareholders and
clients." (Absent
prosecutions, they’ll continue to do what comes natural to frauds on wall
street). Great opportunity to sell / take profits since much worse, also called
reality beyond the b*** s***, to come. Then there’s also the bad but typical
news; viz., previous retail sales, mortgage apps, economic outlook down, and
continuing claims for unemployment, deficits, trade / budget, up. (Just in:
7-16-10 Poll – only 43% of Americans approve of the Afganistan War, down from
52% in January, 2010)
Pearlstein: Can
regulation beget innovation? (Washington Post) I believe the more seminal question to be,
whether american companies, consistent with overall american decline and
corruption in so pervasive a fashion, are capable of or inclined toward real
innovation where enhancements to productivity, as well as greater profits, is
the consequence as desired. Certainly there has been ‘innovation’ by the wall
street frauds in the types of (ultimately worthless / fraudulent) paper and
high frequency trade programs enhancing their bottom-lines but little else;
and, those cutting edge ‘weapons of mass destruction’ produced or financed
(israel) by america are hardly productive in the economic sense but innovative
and profitable in the short run, and unwise and nation-bankrupting in the
longer run which we’re in right now!
Goldman
agrees to pay $550M (Washington Post) My own
skepticism based on the disparate numbers (the size of the frauds compared to
the relatively small fine) and as set forth in the initial reactions /
headlines that immediately follow has been allayed somewhat by an interview on
NBR with former SEC head Ruder who explained the very narrow scope of the
settlement which in no way shelters goldman from the huge frauds they have
perpetrated. So long as this is true in fact as well as law and in application,
the SEC deserves praise as has been so under the auspices of ‘Mother Mary’ who
appears to have the gonads lacking in prior SEC heads. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. Ex-Justice
official: CIA may have exceeded limits (Washington
Post) Wee doggies! This sounds like the
stuff that SNL Weekend Update ‘Really’ skits are made of; also fitting into
that list of queries as, ‘Is the Pope Catholic?’, ‘Do bears **** in the
woods?’, etc.. Come on! Wake up! This
is the kind of complicit cover-up / corruption found betwixt and between all
three branches of the u.s. government leading ineluctably to america’s current
decline and to which I’ve attested under penalty of perjury in the context of
the RICO litigation [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
].
For
now, spew of oil into Gulf of Mexico is halted (Washington Post) Well, thank God for small favors! I suggest they change that
name, ‘integrity test’; that’s doomed to end in failure. Yes, the brits are
back. They’ve clogged the well, with help from the ‘usual suspects’, the
americans. What precision! What
teamwork! Victory at last … riiiiight!
U.S.
Regulatory Bill Nears Passage With Republican Support The U.S. Senate plans
to pass the financial-regulation bill on July 15 as Democrats secured the 60
votes needed to enact the biggest rewrite of Wall Street rules since the Great
Depression.Fed Sees Slower Growth Wall
Street Journal | Updated forecast to be released Wednesday afternoon
with the minutes of the Fed’s late-June policy meeting is likely to show that
officials have trimmed their second-half forecasts.
WHICH WAY IS THE MARKET GOING NEXT? Gomes: ‘Having been a technical analyst for the first 10
years of my investing career and a fundamental analyst for the past 15 years,
I'm a believer that technical patterns form as fundamentals unfold. As such, if
you know something about both, you can confirm both against each other. At this
point in time, I see a market that is technically reaching up toward its 200
day moving average (2,250 for the NASDAQ). I also see a 50 day moving average
that is threatening to drop below that 200 day moving average. Technically,
that is usually a very bad sign for the market. The question is, "will the
50DMA drop below the 200DMA?" I think the answer is inevitably
"yes". The thing about the moving averages, is that you can see which
points of data are about to fall off. Meanwhile, you can make reasonable
assumptions regarding the points of data that will take their place. By doing
so, you can construct a range of probabilistic scenarios. In this case, some
high numbers are about to come out of the 50DMA, making it go lower. Meanwhile,
some low numbers are about to come out of the 200DMA, making it go higher.
Since both are VERY close to each other right now, it's safe to assume that the
50DMA will indeed fall below the 200DMA. So, that's probably bad news for the
market...technically. Fundamentally, it appears that Q2 turned out well for
most companies. However, most of the investing world knows this and stocks have
rallied about 8% on the news. Ever hear the saying "buy the rumor, sell
the news"? Well, the rumor has been bought and the news is just starting
to flow in. This means that we have to look at the NEXT bit of news to figure
out what rumor the market will be buying or selling. To me, it's clear that the
global economic environment will come back to the front burner as the #1 driver
of stock prices...and that's bad news for stocks. A good Q2 does not mean that
the future is bright. Rather, I believe that Q2 will represent the peak of
earnings health. Starting in Q3, good earnings will become a bit harder to come
by. Why?1) Economic indicators are dropping fast. For all intents and purposes,
the unemployment rate has not budged. Meanwhile, store shelves are stocked
again, PCs have been upgraded, etc. In other words, the pent-up demand that
drove the current rebound has almost run its course. What little remains no
longer has the power to drive the economy as it has over the past 18-months.
2) "Follow the money". This is
one of the most powerfully simple rules on Wall Street. When money is flowing
into the economy (i.e. via lower interest rates or stimulus $$$), it's usually
good for stocks..and vice versa. At present, interest rates can't go much lower
and the numerous stimulus programs are losing effectiveness. This means that
the money is no longer flowing in. Worse yet, the money that was spent is not
generally viewed as having been money well spent. This does not bode well for a
new stimulus package to come anytime soon. In other words, money is not flowing
in AND doesn't appear poised to flow in anytime soon. In fact, state and
municipal budgets are being cut (money flowing OUT), while they raise local
sales and income taxes (more money flowing out). if federal taxes go up in
2011, as planned, even more money will be flowing out. If you follow that, you
should be flowing out of the stock market. In short, barring a new stimulus
package of other major money-flowing event, I believe the economy slips back
toward recession. Whether or not we double-dip, we will almost certainty slip
in that direction.
3) If you follow the money in
Europe, you will run for the hills. Europe has decided to spin
180-degrees and shift from stimulus to austerity (if you don't know the
definition, look it up -- you'll likely hear it again -- and not just from me).
Effectively the opposite of stimulus, austerity will pull money away from the
European economies...which tells us to pull money away from stocks. Worse yet,
the effect of the EU/IMF bailout is already wearing off. Greek yields are
rising again and Portuguese credit ratings have been reduced.
4) Global bubbles are bursting. Most notably,
home sales in China and Canada are starting to fall. Remember what happened
when the U.S. housing market cracked? That's right -- that's what started this
mess in the first place.
5) Politically, this period in
time has a tendency to be bad for stocks. There is uncertainty
around the mid-year elections...and the market hates uncertainty. Historically,
the political picture doesn't become clear until October, at which point we
might expect a rally. Until then, expect the democrats to do everything they
can to retain their jobs in November. That means, "stop pissing off the
public"...and the public seems pretty pissed about how the stimulus $$$
worked out for them (or more accurately, how it DIDN'T work out for them).
Thus, the political pressure will lean against further stimulus until after the
elections.
The Bottom Line : I
believe that the market will start to reflect these concerns very soon. These
are real fundamental concerns, which you can see reflected in the technicals.
As the market reaches the 50DMA and the 200DMA, it will be inclined to retreat
(barring some new, hugely positive news). Meanwhile, the 50DMA is 90%+ likely
to cross below the 200DMA, giving the market more reason to retrench. At some
point, if the economy sinks far enough and if the market drops far enough,
political pressure for more stimulus will mount. At that point, money will flow
back into the economy. But that time is not now. Now, money is flowing away
like the tide...and so should your invested capital. I'm not always right, but
I do my best, based on the information before me. Based on what I see right
now, the most logical conclusion is to expect a long, ugly summer for stocks.
If I see information that changes that view, I'll be sure to post an update to
this post. Disclosure: I have short positions against the market
Majority
of Americans lack faith in Obama: poll Nearly 60 percent of American voters
say they lack faith in President Barack Obama, according to a public opinion
poll published on Tuesday. Majority
of Americans lack faith in Obama: poll Reuters | Nearly 60
percent of American voters say they lack faith in President Barack Obama,
according to a public opinion poll published on Tuesday. Top
anti-war Democrat: Afghanistan war could ‘destroy’ Obama’s presidency Raw Story | An outspoken anti-war Democrat
said ongoing US military efforts in Afghanistan could deeply imperil the
presidency of Barack Obama and the fortunes of the Democratic Party. Obama’s
debt commission warns of fiscal ‘cancer’ Washington Post | The commission leaders said that, at present, federal revenue is
fully consumed by three programs: Social Security, Medicare and Medicaid.
DRUDGEREPORT: 'White
House waving white flag'... Panic
button... WIRE:
Dems show signs of battle fatigue... Federal
deficit gap tops $1 trillion through June... Republicans
propose cutting Obama budget... 'CREDIBILITY
CRISIS'
If
not for the likes of ie., Dell Computer, most (ie., those die hard Mac, Iphone,
Ipad, etc., aficionados among others) would say microsoft’s already in the
clouds, so to speak. Microsoft
takes aim at the cloud (Washington Post) No
help in sight for jobless (Washington Post) Well, from their perspective, they
really don’t feel your pain, and, it gives the frauds on wall street another
b*** s***, market frothing, false talking point in the form of ‘fewer
continuing claims for unemployment’. Then there’s that ‘ depression thing’.
The
big crash — America plunges into Depression Alexander Cockburn
‘This is a global
depression. This is a secular bear market in a global depression. The past up
move was a manipulated bull (s***) cycle in a secular bear market. This has
been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into. This is a typical wall street churn and earn, pass the hot potato scam /
fraud as in prior crashes .’
Making
millions from mowing lawns [Sounds like a plan … riiiiight!]
(Washington Post) Value Added | Entrepreneur's reinvestment and diversification
… By Thomas Heath For the less entrepreneurial at heart
there’s always … flippin’ burgers … Washington,
D.C.: the nation's (burger) capital? (Washington Post) | ‘The
Washington area has emerged as fertile ground for ground chuck
…’ Survey:
A satisfied federal workforce (Washington Post) Indeed they should be since
they’re totally expendable and a waste of taxpayer money.
Return of the No-Volume Melt-Up
Momentum Book Update: Trend Indicators Still Pointing Negative
Employment Picture Is Getting Bleaker
The Debt Party Is Over ‘ … In a Ponzi scheme, the end comes
when the marginal investor decides to do something else with his money. Then
the house of cards stars falling apart. …’
Mattis: 'It's fun to shoot people' Washington Post - Ed
O'Keefe Jul 9, 2010 By Ed O'Keefe President Obama's pick
to lead military operations in Afghanistan, Iraq, Pakistan and the Middle East
is an experienced ground combat commander, but also earned a stern rebuke in
2005 for controversial comments about combat operations.
Gen. James Mattis is named head of US Central Command Los Angeles Times Blunt General Appointed to Lead Forces in Mideast New York Times
DRUDGEREPORT: BOMBSHELL: Media Mogul Mort Zuckerman Admits
He Wrote One Of Obama's Speeches... Were
White House Officials Ready to Expose Collaboration? Zuckerman Now: Obama Barely Treading
Water... MICHELLE TELLS BLACKS TO 'INCREASE INTENSITY' 6 troops killed in Afghanistan... DEM GOVS WARN: OBAMA SUIT VS. AZ IS 'TOXIC' Debt panel has gloomy outlook... Crisis Awaits World’s Banks as Trillions Come Due... G20 looks to Beijing to drive global growth … They’re
dreamin’! ...
They say ‘stocks oversold’. Preposterous!
Stocks have been overbought based on bad news or nothing at all, rallying on
‘not as bad as expected’. Even if that were true (I don’t believe anything they
say), who cares what the criminally insane frauds on wall street say what they
expect. It’s fundamentals, economic and financial, that ultimately count; but,
in the meantime, they’re like termites eating away at the nation’s foundation
with lightning fast computerized trade programs, all of which excessively huge
commission churn / earn revenues are a net negative for the economy in real
economic terms which is evidenced by unprecedented economic decline in all
productive sectors of the economy. This is a great opportunity to SELL / TAKE
PROFITS since this suckers rally to suck suckers in and keep them sucked in is
based on fraud and b*** s*** alone
and: ‘This is a global depression. This is a secular bear market in a
global depression. The past up move was a manipulated bull (s***) cycle in a
secular bear market. This has been a typically manipulated bubble as has
preceded the prior crashes with great regularity that the wall street frauds
and insiders commission and sell into. This is a typical wall street churn and
earn pass the hot potato scam / fraud as in prior crashes.’
Technical Indicators Trigger Major
Sell Signal ‘… In summary, the bearish picture is
confirmed by technical indicators, a fundamental outlook, sentiment gauges, and
valuations.Based on what the market considered fair market valuations at prior
historic market bottoms, one can conclude how far stocks have to drop to reach
the previously attained level of fair valuations …’ Simon
Maierhofer : ‘On Friday July 9, 2010, 4:32 pm EDT
It rarely ever happens, but when it does, it's serious. It has only happened
nine times in 10 years. We are referring to crossovers between the 200-day and
50-day simple moving averages (SMAs).Very few technical indicators receive as
much attention and media coverage as the 50 and 200-day SMAs. The 200-day MA is
perceived to be the dividing line between a stock that is technically healthy
and one that is not. It's a Big Deal It's a big deal when a
stock or an index drops below the 200-day SMA. It's an even bigger deal when
the 50-day SMA of any given stock or index drops below the 200-day SMA. Such a
crossover reflects internal weakness - at least in theory. We'll discuss in a moment
how the actual numbers match up with theoretic assumptions. On June 22, 2010,
the S&P 500 (SNP: ^GSPC) and Dow Jones (DJI: ^DJI) dropped below the
200-day SMA. One day later the Nasdaq (Nasdaq: ^IXIC) followed. On July 2,
2010, the 50-day SMA for the S&P (NYSEArca: SPY News DIA News QQQQ News Crossovers - Lagging but Notable Many argue that the SMA
crossover is a delayed signal that emphasizes past weakness more than it
foreshadows future declines. To an extent, that is true. There are other
warning signals that point to a market turn long before the SMA does. For
example, on April 16, 2010, the ETF Profit Strategy Newsletter noted an
extremely low put/call ratio along with other bullish sentiment extremes. The
newsletter stated that 'the message conveyed by the composite bullishness is
unmistakably bearish. Once prices start to fall and investors get afraid of
incurring losses, the only option is to sell (due to the low put/call ratio).
Selling, results in more selling. This negative feedback loop usually results
in rapidly falling prices.' Prices did fall rapidly. The 22 trading days
following the April 26 high, erased eight months worth of gains. It took a 17%
drop for the SMA crossover to trigger a sell signal. When the ETF Profit
Strategy Newsletter issued a strong buy signal on March 2, 2009, it emphasized
that the developing rally would be a counter trend rally followed by a steep
decline and maintained this viewpoint even though prices kept rallying
relentlessly into the April highs. The SMA crossover now expresses the
possibility that even lower prices are ahead. 200 and 50-day SMA
Crossovers - How Accurate? How about the SMA crossover track record? Over
the past 10 years, there have been nine S&P SMA crossovers with five sell
and four buy signals. We have yet to see the results of the most recent sell
signal. However, of the eight previous signals, six were correct. Average gains
following each signal were 14.91%. $10,000 invested according to the buy/sell
recommendations given right after the first sell signal was triggered on
October 30, 2000 at S&P 1,399, would be worth $24,769 today. More Than just
Crossovers If it sounds too good to be true, it often is. As is the case with
so many technical indicators, crossovers need to be viewed in context with
other indicators. In other words, take a step back and evaluate how crossovers
fit into the larger picture. The larger picture (going back to 2007) reveals
that trading volume associated with market declines has been generally high,
while trading volume seen during rallies has been generally low; a bearish
sign. Does Wednesday's 3.13% Rally Invalidate the Sell Signal? On Wednesday, the
S&P rallied 32 points or 3.13%. The Dow rallied 2.82%, while the Nasdaq
rallied 3.13%. Does this mean the bull market is back on track?Since the
April market top, we've seen about a handful of 2-3% bounces. All associated
gains were erased within a matter of days. Chances are this time will be the
same. In fact, some sort of bounce was to be expected. On July 5, the ETF
Profit Strategy Newsletter stated 'considering that the S&P is butting
against the 100-week SMA, lower accelerations band, 38.2% Fibonacci retracement
levels, round number resistance at 1,000, and weekly s1 at 994, there is a good
chance we will see some sort of a bounce develop from the 990 - 1,015 area.
Weekly r1 at 1,066 and pivot at 1,063 should serve as resistance.' This bounce
is in its later stages right now. What's Next? Let's revisit the larger
picture. Out of the nine leading industry sectors, seven have seen their 50-day
SMA cross below the 200-day SMA - financials (NYSEArca: XLF News XLK News XLP News XLB News XLU News XLE News XLV News XLY News XLI News Each sentiment measure is one piece of the
puzzle. The more pieces of the puzzle you have, the clearer the picture
becomes. Leading up to the April highs, nearly all sentiment indicators peaked,
painting a complete bearish picture. In summary, the bearish picture is
confirmed by technical indicators, a fundamental outlook, sentiment gauges, and
valuations. Based on what the market considered fair market valuations at prior
historic market bottoms, one can conclude how far stocks have to drop to reach
the previously attained level of fair valuations. The ETF Profit Strategy Newsletter ’
A
Market Forecast That Says ‘Take Cover’ New York Times
| We have entered a market decline of staggering proportions — perhaps the
biggest of the last 300 years.
Commercial Real Estate Loans Extend
and Pretend ‘… Courtesy of Thomson
/ Reuters Commercial Real Estate Loans –
Extend and Pretend Community banks have commercial real estate loans where the
borrower cannot make scheduled interest and principle payments. More than 50%
of all FDIC-insured institutions have loan pipelines that are 80% to 100%
funded. This is a measure of how banks are stuck with noncurrent assets, but
they are not classified that way. Instead, community banks are giving borrowers
more time to make their payments on the theory that it ’ s better to collect zero on some loans
rather than owning the real estate that collateralizes those loans. This
concept is dubbed “ extend and pretend ” hoping that the borrower will eventual pay
the loan back. Banks in this practice are known as “ Zombie Banks ” as they can ’ t lend, can ’ t lure in new
investors, and wait for the FDIC to knock on their doors on Friday afternoon.
This strategy includes stretching out loan maturities and allowing below-market
interest rates to slow the number of defaults and preserving the capital of
banks that would be expended if property had to become “ Other Real Estate Owned. ” As a result “ Loans 30
to 89 Days in Arrears ” and “ Noncurrent ” loans
are not growing as fast as they should be. The net result of these practices
masks the true toxicity of the Commercial Real Estate market. It ’ s not just the small banks that are employing “ extend and pretend ” tactics. I read
that the Bank of America (BAC “ performing ” even with collateral values below the
loan amounts. Extend and pretend is also known as kicking the can down the
road. It seems to me that we have wasted billions if not trillions in stimulus
money and bank bailouts when this money could have been used to actually fund
the completion of these projects. Such a plan would have cost tax payers much
less and would have kept Americans working on Main Street USA, as finishing
incompleted real estate projects are clearly “ shovel ready ”
projects. According to Foresight Analytics banks hold $176 billion of CRE loans
that could be declared toxic. This is the tip of the iceberg as the FDIC
Quarterly Banking Profile shows $1.09 trillion in nonfarm nonresidential real
estate loans and $418 billion in Construction & Development loans on the
books of our nation ’ s banks. About two-thirds of the CRE
loans are maturing between now and 2014, and are underwater. Commercial real
estate property values are down 42% from the October 2007 peak. At the end of
the first quarter 9.1% are delinquent up from 7% a year earlier. Bankers
justify “ extend and pretend ” saying that it ’ s better than
calling the loan and dumping more property on a depressed market. We need a
stronger economy to entice new investors to resurrect projects and to find new
demand for competed offices, hotels, condos etc which are the finished products
of completed CRE projects. Without a strong economic recovery these loans will
eventually have to be written off down the road. The problem is that while
these loans are on hold banks can ’ t justify new loans, which would be the engine of economic
growth. And the beat goes on. Disclosure: No positions ’
Light Volume Temptations: Dave's Daily ‘Volume still matters, doesn't it?
It seems not as the financial media ignores our light volume market in favor of
writing bullish headlines. With hedge funds mostly sidelined according to
reports posted here yesterday, the primary buyers must be trading desks on Wall
Street and a handful of algo traders. It's tempting to come off the sidelines
and join the fun but perhaps it's just the trap they're laying for you. A
headline at Reuters read this afternoon: "Weaker Economic Views Equals
Stronger 3-Year Note Sale". So, if equity markets are forward-looking one
must wonder what these few buyers are seeing beyond a short-term trade.
Headline writers say its strong earnings growth that will prop markets coupled
with rosy outlooks. That would have to be the case otherwise this is just a
sucker's rally. As stated, volume was holiday-like light (40% below average)
making it really easy for the machines to take over trading, and so they did
... ‘
Academics,
Politicians: Pending Global Treaty Threatens Free Internet, Fundamental Rights Steve
Watson | ACTA: Flagship of the growing internet censorship
armada. Two
Stories that Should Scare the Heck Out of You Greg Hunter
| I was sitting here trying to find a way to wrap up the week and then,
like a bolt of lightning, an idea hit me.Gold expert Jim Sinclair sent me this
story: “ Federal Budget Deficit Hits $1
Trillion For 1st 9 Months Of FY ’ 10. ” The story said, “ The shortfall, reflecting $2.6 trillion in outlays for the
first three quarters and $1.6 trillion in receipts, narrowed slightly compared
with the same point in fiscal 2009. ” So where did the “ shortfall ” come from? Try the more that 8 million who lost their
jobs. The story went on to say, “ . . . individual income and payroll tax receipts were down 4% over the
nine-month period, suggesting that wages and salaries have not improved to the
extent that corporate profits have. ” Corporate profits have “ improved ” because they laid-off all those workers!! (Click here for the entire Dow Jones Newswires story)
Sinclair says, “ Nothing has changed. Nothing has
been rescued. The can that is being kicked daily down the path is going to turn
around and bite the kickers. Gold is the only insurance. ” When things get bad enough, there will be more stimulus cash put into
the economy and more bank bailouts. Sinclair is like legendary football
quarterback Joe Montana – never bet against either of
them. Academics,
Politicians: Pending Global Treaty Threatens Free Internet, Fundamental Rights Over
90 academics, practitioners and public interest organizations from six
continents have collectively warned that a secretive global treaty, currently
being negotiated by governments of the world ’ s largest economies would see tight
controls placed on the internet and would threaten other fundamental rights and
freedoms. Economists,
Financial Experts: U.S. Is Trapped In 1932 Size Depression Following
Nobel Laureate Paul Krugman’ s declaration
last week that the U.S. is in entering a third period of great depression, more
and more economists are following suit, comparing the scale of the crisis to
that of the early 1930s. David
Icke onTV: Humanity’ s
Last Chance Infowars.com | Alex talks with writer,
public speaker, and former well-known BBC television sports presenter David
Icke. As
the United States Collapses, Media Worships LeBron James Infowars gives
the inside scoop on basketball MVP LeBron James’ pivotal trade
decision. America
Is In A Societal Meltdown Chuck Baldwin | America is
in the midst of a complete and total spiritual, societal, cultural, moral, and
political meltdown. Obama
Selects General Who Likes Killing Muslims to Centcom Kurt
Nimmo | Gen. Mattis has the same habit of speaking his mind as
McCrystal.The
Lights Are Going Out For Free Speech On The Internet Type the
keywords “ Internet censorship ” into Google
News and you will immediately understand to what degree the world wide web is
under assault from attempts by governments globally to regulate and stifle free
speech. From Australia to Belarus, from Turkey to Vietnam, from Pakistan to
Egypt, from Afghanistan to Iran, huge chunks of the Internet are going dark as
the Chinese model of Internet regulation is adopted worldwide. [Has everybody
lost their minds? Referring to the china model as something to be emulated. It ’ s true they are more productive than america, generally, but their
business model is almost prehistoric and the direct consequence of the great
american sell-out for money (the ‘ pass through ’ or direct) by those who ’ ve pledged otherwise (walmart,
congress, clinton, bush, wobama, etc.). Even some of their simplest products
are junk (but priced incredibly low to make the relative value) and seem to
have adopted that GM strategy of planned obsolescence, breakdown, etc., to spur
sales. Then there ’ s the communist faux capitalism
paradox, suppression, oppression, etc., which has even the defacto bankrupt,
pervasively corrupt, fallen america blindly following. Quite simply, their
ancient business model is slave labor. As for Iran, they are a relatively small
nation under collective siege.] US
taxpayers’ Afghan aid money buys
rich Afghans’ Dubai
villas You already might have heard that it costs the United States
$1 million for each solider per year in Afghanistan, to cover the cost of the
soldiers’ benefits, troop transports and
other materiel. Billions
of dollars secreted out of Kabul Spiegel
Online | Billions of dollars are being secreted out of Kabul to
help well-connected Afghans buy luxury villas in Dubai and then there are the
american recipients who are a bit more careful with their stash. DRUDGEREPORT: PAPER:
Optimism on hold; Recovery economy falters...
USA
marks 3rd-largest, single-day debt increase... Deficit
hits $1 trillion in June for second year... IMF presses US
to cut debt... NSA
INTERNET GRAB; SPY AGENCY SHIFTS TO DOMESTIC EAVESDROPPING...
CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... RESET: Russia slams
Clinton for 'groundless' comments... Mortgage
Delinquencies Rising Again as Home Prices Stay Flat... Roubini: Banks Too Big to Fail, Too Big
to Bail Out... COOKED APPLE: 103... UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... US v. AZ...
The
New Civil Wars Within the West Gregory R. Copley |
Internecine civil wars are underway almost everywhere within the West, and most
virulently in the United States of America. On
Why America’ s 234th Birthday May Not
Have Many More To Follow Zero Hedge | It is my firm
belief that we have come to the “ end of the road ” for the financial system. Iran
says planes denied fuel in Germany, UK, UAE Reuters
| The claim could not be independently confirmed and was met abroad by
skepticism. [Europe really fell fast. They make Christians look like the
dumbest people in the world, along with the likes of ie., UAE if true (and
defacto bankrupt america). After all, this ‘ all for israel ’ mantra is contraindicated inasmuch as the hebrews
deny the very foundation of the Christian religion and indeed were behind his
crucifixion]. Banks
are Still at the Derivatives Casino (at Seeking Alpha)
[video]
Washington's Bungled Bank Bailout (at TheStreet.com)
ECRI Weekly Leading Index Growth Lowest in 13 Months Be on the Right Side of S&P Earnings Estimate Cuts
Inventory Cycle Has Run Its Course Harrison ‘… This is the scenario
I have been predicting for months now.
Double
Dip Recession and the Obama 2011 Budget (February 2010): The long and
short is that – come Summer – the inventory cycle’s thrust will have
dissipated. And if companies are not hiring by this time and consumer
spending is not increasing more robustly, then the state budgets, the
strategic defaults and all of the rest of that becomes a serious obstacle.
In my view, more likely than not, this will lead to another recession late
in 2010 or in 2011. And nothing in the President’s budget changes this
outlook.The
mindset will not change; a depressionary relapse may be coming (March
2010): the inventory cycle’s impact on GDP growth will attenuate. By the
second half of 2010, inventories will not add considerably to GDP.US
GDP growth rate is unsustainable; recovery will fade (April 2010): The
inventory cycle is already starting to fade. That means weak 1 or 2%
growth at best by Q4 2010. Unless job growth picks up tremendously by the
second half of the year, this recovery is in trouble.
David Rosenberg says the
ISM leads jobs . And, the latest jobs
numbers were weak .
I would be nonplused about the recent ISM data if it
weren ’t for the column
highlighted in red. Notice how the momentum for everything is slowing. Not just
the overall index, but new orders, production and employment …’
U.S.
Economy “ Is a Complete Disaster” Yahoo! Finance | The U.S. economy is in shambles
and Americans will continue to see high unemployment and lower living standards
in the years to come. America
is sinking under Obama’ s
towering debt I hope the White House is paying attention to the
latest annual Congressional Budget Office Long-Term Budget Outlook, which
offers a truly frightening picture of the scale of America ’ s national debt, with huge implications for the country ’ s future prosperity. 7.9
million jobs lost, many forever CNNMoney | The recession killed off 7.9
million jobs. It ’ s increasingly likely that many will
never come back. 50
Random Facts That Make You Wonder What In The World Has Happened To America The Economic
Collapse | For
those who still love this land (and there are a lot of us) it is heartbreaking
to watch America slowly die. BP,
Homeland Security, and Cops Work Together to Deny First Amendment Kurt Nimmo | BP, Homeland Security, the FBI ’ s Joint Terrorism Task Force, and local cops will now decide if it is
acceptable for journalists to take photographs. Will
G20 Police Succeed In Covering Up Reports of Rape and Torture? Infowars.com | Can authorities be allowed to
cover-up the Abu-Ghraib style incarceration methods Toronto police engaged in
during the G20 summit this past weekend, where women were arrested and
subsequently raped by male cops? Emergency
S.O.S.: America Falling to Foreign Bank Takeover –
Fourth of July Alex Jones breaks down the takeover by offshore
banking powers – newly empowered by Congress ’ banking “ reform, ” expanded taxes worldwide, as well as accelerated moves towards ending
the Dollar ’ s reserve status, including urging from a recent
United Nations report. More
than one-quarter don’ t
know who US gained independence from Every Fourth of July, Americans
gather to celebrate the country ’ s declaration of independence from … um, what country was that again? DRUDGEREPORT: TORN
ON FOURTH OF JULY: OBAMA DIVIDES NATION... Great
Republic in parlous state -- politically, economically...
YEAR
9: Petraeus in Afghanistan warns of tough mission... 'We are in this
to win' … Win what? The fact of america’s defacto bankruptcy and being there IS
failure no matter what they ultimately call this debacle ... Illinois
Stops Paying Its Bills... Facing
'outright disaster' amid budget crisis...
Turn On, Tune In...Nah, Just Drop Out … Discouraged workers at a new cycle high And small wonder. The
median unemployment duration went to a new all-time high (since the 1940s,
anyway, when that series begins) and shows no signs of slowing its ascent …
(Chart, source Bloomberg) …
YEAR 9: Petraeus in Afghanistan warns of tough mission
… What mission? What plan?.What strategy? National bankruptcy?… Mission
accomplished! ...
NY
Times’ Krugman: We Are Entering The Third Depression Recessions are
common; depressions are rare. [Correction: we’re already in a depression].
JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS
LOST... Rate
dips as 652,000 give up search... Depressing...
[That’s why they’re called depressions (just kidding … but no laughing matter)
… At this rate, with all those lost jobs and jobseekers no longer seeking
those lost jobs that aren’t there, by their calculations (9.5% the bright spot
… riiiiight!) we should be at full employment very soon … you can’t make this
stuff up … really!].
Ron
Paul: 114 Flip Flop on Audit The Fed Causing Bill to Fail 229 – 198 Ron
Paul’s attempt to audit the Federal Reserve, which was previously co-sponsored
by 320 members of the House (HR 1207), failed by a vote of 229-198. All
Republicans voted in favor of the measure with 23 Democrats crossing the aisle
to vote with Republicans. 122 co-sponsors of HR 1207, all Democrats, jumped
ship and voted against the measure. The Future of Audit the
Fed Congressman Ron Paul discusses the latest in the efforts to get a
full and complete audit of the Fed as well as the future of Fed transparency.
Like Congressman Paul says, we’ve accomplished a lot of good with our movement,
and there’s many reasons to be optimistic for the future.
Ditch
the Buck! Dollar demise ‘a matter of months’ A report by the United
Nations says the American dollar should be ditched as the main global reserve
currency. It said that the global financial meltdown has exposed systematic
weaknesses, one of which is the reliance on the
greenback. G-20
is Relying on China To Drive the World Economy … But China Isn’t Looking So Hot
The G-20 is apparently relying on China to drive the world economy.
Middle
class families face a triple whammy Edmund Conway | Falling pensions, cuts and the banking crisis will
impoverish many families.
GOP chairman: Afghan 'war of Obama's choosing' (AP) -
Republican chairman Michael Steele drew criticism from within his own party
Friday, including calls to resign, after saying the 9-year-old commitment of
U.S. troops to Afghanistan was a mistaken ... [Steele is quite right and wobama
and war facilitators deserve criticism; not
Steele.] Pelosi:
Unemployment Checks Fastest Way to Create Jobs “ It creates jobs faster than almost any other
initiative you can name. ” [pelosi ’ s so ‘ in over her head ’ , burnt out, borderline senile,
etc.] Seventy
million expired flu vaccines about to be incinerated as waste [government
/ corporate welfare / fraud] Forty million doses of H1N1 swine flu vaccine are
about to go up in flames, and another 30 million will soon meet the same fate.
They ’ ve expired, you see, and despite the CDC ’ s best efforts to push flu
vaccines on the american people, the industry still couldn ’ t find a way to offload seventy
million doses of a vaccine that doesn ’ t even work. 50 Random Facts That Make You Wonder What In The World
Has Happened To America The Economic Collapse
July 2, 2010 Our world is changing at a pace that is so staggering these days
that it can be really hard to fully grasp the significance of what we are
witnessing. Hopefully the collection of random facts below will help you
to “ connect
the dots ”
just a little bit. On one level, the facts below may not seem
related. However, what they all do have in common is that they show just
how much the United States has fundamentally changed. Do you ever just
sit back and wonder what in the world has happened to America? The truth
is that the America that so many of us once loved so much has been shattered
into a thousand pieces. The “ land of the free and the home of the brave ”
has been transformed into a socialized Big Brother nanny state that is
oozing with corruption and has accumulated the biggest mountain of debt in the
history of the world. The greatest economic machine that the world has
ever seen is falling apart before our very eyes, and even when our politicians
actually try to do something right (which is quite rare) the end result is
still a bunch of garbage. For those who still love this land (and there
are a lot of us) it is heartbreaking to watch America slowly die. The following are 50 random facts that show just how
dramatically america has changed … .
#50) A new report released
by the United Nations is publicly calling for the establishment of a world
currency #49) — $7.25 an hour #48) tasered an 86-year-old disabled grandma in her bed ’ t breathe because they considered her to be a “ threat ” .#47) went negative for the first time since
1952 #46) ’ s Marine Management Organization has completely banned
it, so if there was a major oil spill in the North Sea, BP would not be able to use it #45) more than 40 million Americans are on food stamps #44) to buy $4,318 in “ Happy Birthday ” gift cards #43) to record how much malt liquor they drink and how much
pot they smoke each day #42) has risen to an all-time high #41) own less than 1 percent ’ s wealth.#40) now earns about twice as much #39) ’ s Social Security
benefit was paid for by 16 workers. Today, each retiree ’ s Social Security benefit is paid for by
approximately 3.3 workers. By 2025 it is projected that there will be approximately two workers #38) and climb to an estimated $19.6 trillion by 2015 #37) actually has the gall to ask for online
donations #36) to study the mating decisions of cactus bugs #35) to combat terrorism #34) a 6-year-old girl from Ohio “ no fly ” list maintained by U.S. Homeland Security.#33) increased for the 16th consecutive quarter #32) spend twice as much #31) could reach as high as $1 trillion #30) that the offspring of cloned animals could be in our food
supply right now #29) to the lowest level ever
recorded #28) ’ s paycheck to the
average worker ’ s paycheck was about
30 to 1. Since the year 2000, that ratio has
ranged between 300 to 500 to one #27) maintaining lookout bases in
strategic locations #26) off limits to U.S. citizens #25) the credit card repayment calculator #24) roughly $615 million #23) The six biggest banks ’ s gross national product.#22) “ perfect quarter ” with zero days of trading losses #21) – a 32 percent increase over 2008 #20) private security contractors #19) “ civilian expeditionary force ”#18) and placed them under arrest #17) made up nearly 40 percent of all
home purchases #16) During
a recent interview with Larry King ’ s “ right ” to abortion.#15) could be up to 20 times higher #14) 43 percent of Americans #13) ’ s deposit insurance fund now has negative 20.7 billion dollars in it #12) gets tens of thousands of dollars a
year in oil royalties #11) to study the drinking habits of Chinese prostitutes to find out why gay men engage in risky sexual behavior
when drunk #10) that more than three billion
dollars in cash #9) ’ s Bureau of Transportation Statistics, the baggage check fees
collected by U.S. airlines shot up 33% #8) after they were forced to remove
their American flag T-shirts #7) approximately 50 percent of GDP #6) is now about 360 percent of GDP #5) was recently handcuffed and sent to
a mental facility #4) have been arrested by police #3) to recite the Pledge of Allegiance #2) are living below the poverty line #1) more than 50 million babies
Fed
Made Taxpayers Unwitting Junk-Bond Buyers Bloomberg
| So-called assets included collateralized debt obligations and mortgage-backed
bonds. Dollar
Plunges After UN Call To Ditch Greenback The dollar plunged today following
a United Nations report which called for the greenback to be replaced as the
global reserve currency by the International Monetary Fund’ s special drawing rights
(SDRs). National
debt soars to highest level since WWII The federal debt will
represent 62% of the nation ’ s economy by the
end of this year. Dollar
should be replaced as international standard, U.N. report says CNN
| The dollar is an unreliable international currency and should be replaced by
a more stable system, the United Nations Department of Economic and Social
Affairs said. Double
Dip Picking Up: Jobless Claims Spike To 472,000, On Expectations Of 455,000 Jobless
claims were a disaster, coming in at 472k, on expectations of 455k. Prior was
revised, surprise, surprise, higher to 459k from 457k. What is scariest is that
between extended benefits and EUC, now that Congress has turned off the
perpetual insurance spigot for the unemployed, dropped by -158,155 and
-217,513.‘ Jobless Recovery’ Myth as Banksters RAPE and ENSLAVE the Public! GET OFF YOUR
KNEES! ’ re told that this
will be a ‘ jobless recovery ’ with further job losses expected
before things get better. Well, if you believe that nonsense I ’ ve got a fantastic sundrenched beach on the growing
ice packs of Antarctica to sell you. How on earth can there be anything called
a jobless recovery? The simple answer is that there can ’ t! Study:
US media redefined torture after US started practicing it The US news
media radically changed how it reported on the issue of waterboarding after it
emerged that US forces had used the practice, says a new study from Harvard
University. The
Toronto G20 Riot Fraud: Undercover Police engaged in Purposeful Provocation Toronto
is right now in the midst of a massive government / media propaganda fraud. As
events unfold, it is becoming increasingly clear that the ‘ Black Bloc ’ are undercover police operatives engaged in
purposeful provocations to eclipse and invalidate legitimate G20 citizen
protest by starting a riot. Government agents have been caught doing this
before in Canada. Obama
Calls for Pentagon “ Civilian
Component” [Wow! Sounds like a plan … riiiiight!] Kurt Nimmo | Obama wants to send civilians to the occupation zones in
Iraq and Afghanistan. Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS
LOST... Rate
dips as 652,000 give up search... Depressing...
[That’s why they’re called depressions (just kidding … but no laughing matter)
… At this rate, with all those lost jobs and jobseekers no longer seeking
those lost jobs that aren’t there, by their calculations (9.5% the bright spot
… riiiiight!) we should be at full employment very soon … you can’t make this
stuff up … really!].
New
jobless claims rise [again]... 'Surprise'...
Pending
home sales plunge record 30%...
Weak economic
data suggest 'recovery' fizzling... Fears
mount over slowing global demand...
UN
committee calls for dumping US dollar...
YEAR
9: Petraeus in Afghanistan warns of tough mission … What mission? What
plan?.What strategy? National bankruptcy?… Mission accomplished! ...
Six Months
to Go Until the Largest Tax Hikes in History...
SIX MONTHS TO GO UNTIL From Ryan Ellis on Thursday, July 1, 2010 4:15 PM
http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sVN5aBH3
In
just six months, the largest tax hikes in the history of America First Wave: Expiration of 2001 and 2003 Tax Relief Personal income tax rates will rise. The top income tax
rate will rise from 35 to 39.6 percent (this is also the rate at which
two-thirds of small business profits are taxed). The lowest rate will
rise from 10 to 15 percent. All the rates in between will also
rise. Itemized deductions and personal exemptions will again phase out,
which has the same mathematical effect as higher marginal tax rates. The
full list of marginal rate hikes is below:Higher taxes on marriage and family. The “marriage
penalty” (narrower tax brackets for married couples) will return from the first
dollar of income. The child tax credit will be cut in half from $1000 to
$500 per child. The standard deduction will no longer be doubled for
married couples relative to the single level. The dependent care and
adoption tax credits will be cut.The return of the Death Tax. This year, there is no
death tax. For those dying on or after January 1 2011, there is a 55
percent top death tax rate on estates over $1 million. A person leaving
behind two homes and a retirement account could easily pass along a death tax
bill to their loved ones.Higher tax rates on savers and investors. The capital
gains tax will rise from 15 percent this year to 20 percent in 2011. The
dividends tax will rise from 15 percent this year to 39.6 percent in
2011. These rates will rise another 3.8 percent in 2013.Second Wave: Obamacare twenty new or higher taxes in Obamacare The “Medicine Cabinet Tax” Thanks to Obamacare,
Americans will no longer be able to use health savings account (HSA), flexible
spending account (FSA), or health reimbursement (HRA) pre-tax dollars to
purchase non-prescription, over-the-counter medicines (except insulin).The “Special Needs Kids Tax” This provision of Obamacare
imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there
is no federal government limit). There is one group of FSA owners for
whom this new cap will be particularly cruel and onerous: parents of special
needs children. There are thousands of families with special needs
children in the United States, and many of them use FSAs to pay for special
needs education. Tuition rates at one leading school that teaches special
needs children in Washington, D.C. (National Child Research Center The HSA Withdrawal Tax Hike. This provision of Obamacare
increases the additional tax on non-medical early withdrawals from an HSA from
10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged
accounts, which remain at 10 percent.Third Wave: The Alternative Minimum Tax and Employer Tax Hikes The AMT will ensnare over 28 million families, up from 4 million last
year. According to the left-leaning Tax Policy Center Small business expensing will be slashed and 50% expensing will
disappear. Small businesses can normally expense (rather than
slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This
will be cut all the way down to $25,000. Larger businesses can expense
half of their purchases of equipment. In January of 2011, all of it will
have to be “depreciated.”Taxes will be raised on all types of businesses. There
are literally scores of tax hikes on business that will take place. The
biggest is the loss of the “research and experimentation tax credit,” but there are many, many others Tax Benefits for Education and Teaching Reduced. The
deduction for tuition and fees will not be available. Tax credits for
education will be limited. Teachers will no longer be able to deduct
classroom expenses. Coverdell Education Savings Accounts will be
cut. Employer-provided educational assistance is curtailed. The
student loan interest deduction will be disallowed for hundreds of thousands of
families.Charitable Contributions from IRAs no longer allowed.
Under current law, a retired person with an IRA can contribute up to $100,000
per year directly to a charity from their IRA. This contribution also
counts toward an annual “required minimum distribution.” This ability
will no longer be there.
http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sVMwYIhK
Investors get more gloomy & bearish We just had a very difficult three
month stretch for stocks. The S&P 500 fell 12% for the quarter as did
NASDAQ. The Shanghai Composite, China ’ s largest stock index, fell 22.9 in its
local currency, the yuan. The MSCI EAFE Index (foreign stocks) was down
14%. Given the negative news, it is not surprising that investors are becoming
more bearish on stocks. This chart from Bespoke is based on the weekly Investors
Intelligence survey, which is getting close to levels from a year
ago. This is not close the peak we reached in early 2009, but the mood is
definitely more negative now: [chart]
Double Dip on the Way There
were many events contributing to yesterday’s sell-off, and the most likely
culprits around the globe included more protests in Greece, continued to
concerns about Europe at large, and a downward revision (due to a calculation
error) of a leading economic indicator reading in China for the month of April.
But when it comes down to it, our own economy has yet to stand on solid ground.
While the recovery has continued to be shaky at best, recent economic readings
may be pointing to a double dip recession. Yesterday’s batch of economic data
seemed to be confirming that, as it brought a very dismal reading on consumer
confidence. June’s number stood at 52.9, far below expectations of 62.5, and
pointing to the consumers’ weariness about the job market, and economic
recovery in general. To go further, the previous reading for May was revised
downward, to 62.7 from 63.3. But the drop from May to June really sends the
message home: we’re not out of the woods yet. Earlier in the week, we saw
personal savings rates rise again, even while personal income growth was
meager. Americans, despite bringing home a little more cash, continued to save
more for the expected rainy days, and have yet to return to their spendthrift
ways. After yesterday’s precipitous selling, one would expect to see a bit of a
bounce in today’s trading session. That wasn’t the case, however, as more weak
data continued to dampen economic hopes. Today’s culprit was the ADP private
sector job report. The report stated that private payroll gains were muted in
June, with only 13,000 jobs added – far less than the 60,000 expected by
economists. While May’s reading was revised slightly upwards (to 57,000 hires
from previously reported 55,000), today’s release does not bode well for the
much anticipated report from the Bureau of Labor Statistics due out on Friday.
The non-farms payroll survey includes government workers and has been inflated in
recent months due to hiring for the 2010 Census … [chart] …The June report,
however, will reflect many of those workers being laid off in the past month.
In May, 431,000 jobs were added, but without support from temporary government
hires, economists are predicting job losses in June. Last week, consensus
estimates were for a loss of 70,000 jobs for the month. By yesterday, those
estimates were downgraded further, to 110,000. With the help of today’s ADP
report, expectations have continued to fall: economists now expect a reading of
negative 125,000 …
Barron's: Why the Market Will Keep Sliding Perry D- Barron's has a nice summary
It cites the predictions of SDK Captial's Dee Kessler:
--the massive fiscal and
monetary stimulus so liberally applied in 2008-2009 is starting to run out of
steam, with financial conditions tightening and leading economic indicators
pointing to a stretch of "anemic activity."
--"structural
headwinds," such as public and private deleveraging, higher taxes, greater
regulation and trade tensions.
--the well-publicized
woes of the European bloc, which accounts for 20% of the world's GDP, as
further evidence that the global economy, as he puts it, is downshifting.
--The period of easy
comparisons in corporate results, he says, is coming to a close,
--"Although the
fundamentals in the U.S., Europe and Japan are worse," Dee spots plenty of
downside in emerging markets and doesn't fancy the notion of decoupling.
--Come another financial
crisis, "the only policy response left will be to print money."
Which, of course, is what the gold bugs are counting on and why bullion has
glistened so brightly.
That about sums up the
outlook. The nice insight here is that anxiety over future economic malaise --
and the additional money printing that'll be done to mask it -- might be a
bigger factor than current inflationary pressure behind the surge in gold
prices.
In other words, for the
deflation-believers: deflation today? Perhaps. But big-time inflation tomorrow.
Disclosure: No positions
NY
Times’ Krugman: We Are Entering The Third
Depression Recessions are common; depressions are rare. [Correction:
we’ re already in a depression].
Stocks: Once More Up, Then the Big Down Smith -The ingredients for
a classic head and shoulders topping pattern in the stock market are all
present. That suggests one more rise and then a massive grinding move down to
2009 lows. Officially, of course, everything's peachy with the economy.
Europe is fixed, China is booming, consumer confidence is rising, and we are
encouraged to resume our borrow and spend ways as the economy will not
"double-dip" into recession. The economy will not slide into another
recession, we are reassured constantly, even though roughly 80% of Americans
don't think we ever left the recessionary quicksand. Please see "Two
Scoop Special": Double-Dip Recession Guaranteed (May 21, 2010) for
more … Exactly what drivers are there for
future gains in corporate profits? I can't think of any, short of Martians
landing and going on a shopping spree with gold they manufacture in their
spacecraft. On the negative side, we have:
1. The rising dollar is a huge headwind to sales in the eurozone and
elsewhere. …
GREECE
UNDER NEWS BLACKOUT: Here’ s
How An Eyewitness Describes Today’ s
Riots There are reports this morning of violent protests/riots in Greece,
once again. Here’ s how a source on the ground
describes the situation. Target
Tehran? Israel, US ‘ prepare
to attack Iran’ Reports are
circulating that the U.S is amassing a greater military presence in the Middle
East. The alleged build up is also rumoured to involve the Israeli use of Saudi
Arabian air space. It ’ s thought by some to be in
preparation for an attack on Iran. Kucinich:
‘ We are losing our nation to lies about the
necessity of war’ In
Afghanistan, corruption is rife. It is so abundant, in fact, that a senior US
lawmaker declared on Monday that she ’ d be freezing $3.9 billion in Afghan
aid dollars until the situation is addressed. Turkey
bans Israeli military flight from its airspace as freeze deepens Turkey
has banned an Israeli military flight from its airspace in apparent retaliation
for Israel ’ s interception of the Free Gaza flotilla last month,
in which nine pro-Palestinian Turkish activists were killed. Momentum Book Update: The Market Is a Mess and the Long Bond Is
About to Break Out … Not only do us swing traders have to fight the urge
to chase price action up, but lay off the keyboard trying to catch falling
knives in the relative strength stocks which are holding up. If you tried to
buy support in your favorite names this week, you got your hands cut up. I ’ ll
continue to rely on the understanding of my own emotions as they have served me
well. When we opened higher on Monday morning I knew I was in the right place,
cash, as the market was just way overbought. If you bought most relative
strength names last week, by the end of this week you were well underwater. So
where do we go from here? I ’ ve got no clue, the market is a
mess, the charts are a mess, and the long bond is about to break out. If that
happens all bets are off, we could see an “ event ” . If
the smart money is lining up at the exits and moving into bonds, there ’ s a good
chance they see something coming down the pipe …
SUITING UP FOR A POST-DOLLAR WORLD John Browne ‘The global
financial crisis is playing out like a slow-moving, highly predicable stage
play. In the current scene, Western governments are caught between the demands
of entitled welfare beneficiaries and the anxiety of bondholders who fear they
will be stuck with the bill. As the crisis reaches an apex, prime ministers and
presidents are forced into a Sophie's choice between social unrest and
bankruptcy. But with the "Club Med" economies set to fall like
dominoes, the US Treasury market is not yet acting the role we would have
anticipated. Our argument has always been that the US benefits from its
reserve-currency status, allowing it to accumulate unsustainable debts for an
unusually long period without the immediate repercussions of inflation or
higher borrowing costs. But this false sense of security may be setting us up
for a truly monumental crash. There is fresh evidence that time is running out
for the dollar-centric global monetary order. In fact, central banks outside
the US are already making swift and discrete preparation for a post-dollar
era.To begin, the People's Bank of China has just this week decided to permit a
wider trading range between the yuan and the dollar. This is the first step
toward ending the infernal yuan-dollar peg. While the impetus behind this
abrupt change remains a mystery, I have a sneaking suspicion that, as my
colleague Neeraj Chaudhary explained in his commentary
last week, the nationwide labor strikes were a prime motivator. In response to
the 2008 credit crunch, the Fed printed so many dollars that the People's Bank
of China was forced to drive Chinese inflation into double digits to maintain
the peg. The pain has fallen on China's workers, who have seen their wages
stagnate while prices for everything from milk to apartments have skyrocketed.
This week's move indicates that, regardless of its own policy motives, the
Communist Party can no longer afford to keep pace with the dollar's
devaluation. The result will be a shift in wealth from America to China, which
may trigger a long-anticipated run on the dollar, while creating investment
opportunities in China . Just days before China's announcement, Russian
President Dmitry Medvedev rattled his monetary sabre by telling the press of
his intention to lead the world toward a new monetary order based on a broad
basket of currencies. Giving strength to his claim, the Central Bank of Russia
announced that it would be adding Canadian and Australian dollars to its
reserves for the first time. Analysts suggest that the IMF may follow suit.
While Russia floats in the limbo between hopeless kleptocracy and emerging
economy, it does possess vast natural resources and a toe-hold in both Europe
and Asia. In other words, it will be a strategically important partner for
China as it tries to cast off dollar hegemony. Speaking of Europe, the major
powers there are moving toward a post-dollar world by rejecting President
Obama's calls to jump on America's debt grenade. The prescriptions coming from
Washington translate loosely to: our airship is on fire, so why don't you light
a candle under yours so that we may crash and burn together. Given that dollar
strength is largely seen as a function of euro weakness (as Andrew Schiff
discussed in our most recent newsletter ,
debt troubles in the eurozone's fringe economies have created a distorted
confidence in the greenback. However, as you might imagine, Europe has higher
priorities than being America's fall guy. Led by an ever-bolder Germany, the
European states are wisely choosing not to throw themselves on our funeral
pyre, but to wisely clean house in anticipation of China's rise. In another
ominous sign for the dollar, the Financial Times reported Wednesday that after
two decades as net sellers of gold, foreign central banks have now become net
buyers. What's more, more than half of central bank officials surveyed by UBS
didn't think the dollar would be the world's reserve in 2035. Among the
predicted replacements were Asian currencies and the euro, but - by far - the
favorite was gold. This is supported by Monday's revelation by the Saudi
central bank that it had covertly doubled its gold reserves, just about a year
after China made a similar admission. There is no reason to assume these are
isolated incidents, or that the covert trade of dollars for gold doesn't
continue. To the contrary, this is compelling evidence that foreign governments
are outwardly supporting the status quo while quietly preparing for the
dollar's almost-inevitable devaluation. What people like Paul Krugman believe
to be a return to medieval economics may, in fact, be the wave of the future.
In peacetime, hardened troops will likely tolerate a blowhard general for an
extended period; but when the artillery opens up with live ordnance, an
ineffectual leader risks rapid demotion. The newspapers are now riddled with
hints that foreign governments have lost faith in Washington and the dollar
reserve system. It seems to me only natural that after a century of war,
inflation, and socialism, the next hundred years would belong to those people
who hold the timeless values of hard money and fiscal prudence. Unfortunately,
our policymakers are not those people.’
China's
Hu Jintao Says Group of 20 Must Coordinate to Consolidate Recovery Bloomberg … How about the G195
countries in the world collectively be considered in this task of
coordination owing to the abject failure of the so-called G20 which have in
lockstep coordination precipitated this global crisis including the war
mongering, war criminal acts of the so-called nato allies et als, particularly
the u.s., and as well the likes of war criminal nation israel which have never
avoided a contra-indicated, anti-recovery war / conflict they could contrive /
rationalize. The so-called G7, 8, 9, 20, etc., are a pathetic bunch of
incompetent vegetables / jokers / showmen / clowns.
New
York Times reporter calls Zionist terrorism ‘ romantic’ A little-noticed comment in a New York
Times interview with Israeli opposition leader Tzipi Livni has critics arguing
that it shows the media has a “ double standard ” when it comes to terrorism. States
of Crisis for 46 Governments Facing Greek-Style Deficits Californians don’ t see much evidence that the worst economic contraction since the Great
Depression is coming to an end. Unemployment was 12.4 percent in May, 2.7
percentage points higher than the national
rate. Evans-Pritchard
Announces Fed Contemplating $5 Trillion QE Expansion In his latest column,
the Daily Telegraph ’ s A. Evans-Pritchard does a good job
of recapping all the various reasons why Bernanke has now completely cornered
himself, and facing a newly collapsing economy, is left with just one recourse:
the printing of more, more, more
paper. History
Tells US The Euro Will Not Survive, Greece Will Get Worse, And There Will Be A
Trade Shock With the PBoC ’ s currency announcement last
Saturday and the surge (!) in the value of RMB on Monday (all very kindly timed
to add zest to my meetings this week in Boston, New York, and Washington), you
would assume that today ’ s entry would be all about the RMB
and the effect of the PBoC announcement. The following is really the
quintessential question and issue, particularly in light of america’s defacto
bankruptcy and international law; but paramount humanitarian concerns alone
would militate against america’s current misguided course. Is Petraeus McChrystal’s Replacement or Obama’s? Paul
Craig Roberts | All of this drama is playing out despite the
continuing lack of any valid reason for the american invasions of Iraq and
Afghanistan.
Obama
Can Shut Down Internet For 4 Months Under New Emergency Powers President
Obama will be handed the power to shut down the Internet for at least four
months without Congressional oversight if the Senate votes for the infamous
Internet ‘ kill switch ’ bill, which was approved by a key
Senate committee yesterday Congressman
Rohrabacher: Almost All House Republicans Think Iraq War Illegal, Immoral Andrew
Napolitano ’ s new Saturday show on the Fox Business Network is
set to send shock waves through the political establishment this weekend when
his guest – Republican Congressman Dana Rohrabacher – reveals that almost all House Republicans now believe that the invasion
of Iraq was not only a mistake, but also illegal and
immoral. New
Financial Overhaul Gives Government Broad New Powers To Seize Financial Firms The
government would have broad new powers to seize and wind down large, failing
financial firms and to oversee the $600 trillion derivatives
market. Israeli
Leaders Sued in Belgium for War Crimes Israeli
Leaders Sued in Belgium for War Crimes Former Prime Minister Ehud
Olmert, Israeli opposition leader Tzipi Livni and Defense Minister Ehud Barak
were among those charged with war crimes committed during the Gaza war in the
winter of 2008-09, the French daily Le Monde
reported. Congress
OKs sanctions on Iran’ s
energy, banks Congress on Thursday approved tough new unilateral
sanctions aimed at squeezing Iran’ s energy and
banking sectors, which could also hurt companies from other countries doing
business with Tehran. Cybersecurity
Measures Will Mandate Government “ ID
Tokens” To Use The Internet The move to
shut down and regulate the Internet, the only source of uncensored news and
truth, under a new government-controlled system has accelerated into high gear
with the announcement that the government’ s cybersecurity strategy revolves
around issuing Internet users with ID “ tokens ” without which
they will not be able to visit websites, the latest salvo against web freedom
which, in combination with Senator Joe Lieberman ’ s ‘ kill switch ’ bill, will serve to eviscerate the
free Internet as we know it. G-8
‘ fully believes’ Israel will attack Iran, says Italy PM Haaretz | World
leaders “ believe absolutely ” that Israel may decide to take military action against
Iran.
Britain
will not defeat Taliban and should open talks, says head of Army London
Telegraph | Britain and its allies will not defeat the Taliban with military
force and should soon open peace talks with insurgents in Afghanistan, the head
of the Army said yesterday. 3 SIGNS OF A SUCKER RALLY Simon
Maierhofer ‘ … AFTER
EXAMINING TECHNICAL EVIDENCE, SENTIMENT INDICATORS AND VARIOUS VALUATION METRICS,
IT BECOMES OBVIOUS THAT THE RECENT BOUNCE PROVIDES A SELLING, NOT BUYING
OPPORTUNITY ...’
Russell:
This Is One Of The Largest Tops In Stock Market History Richard Russell has grown very vocally bearish in recent
months. Earlier this year, Russell warned that the stock market was once again
becoming grossly overvalued despite its relentless new highs. Pragmatic Capitalism Earlier this year, Russell warned that the stock market
was once again “ We ’ re
now in the process of building one of the largest tops in stock market history.
The result, I think, will be the most disastrous bear market since the ‘ 30s,
and maybe worse. Question : “ What
could possibly be behind such a bear market? ” you ask. “ The
stock market is stirring up optimism on a weekly, if not daily basis, by not
falling apart. ” Answer :
This is the “ rest ” or “ dead zone ” I
was talking about. Bear markets don ’ t conclude in a day, a week
or a month. Months will go by, often adding to the bulls ’
optimism.I think the key element behind this great bear market will be the
complete destruction of all fiat currencies. This has been a long time coming.
Fiat currencies are “ wealth ”
created by man. They are created without sacrifice, without labor, without
risk, and without sweat. Basically they are an immoral device, created by
secretive bankers. If you watch the figures carefully, you ’ ll note the subtle deterioration. For
instance, the advance-decline ratio, although up slightly for the week, had a
relatively weak performance with the Dow up several hundred points over the
course of the week. And we broke the trendline in May (see the chart below
showing the cumulative advance-decline line for NYSE Common Stock only, which
is what we publish in our figures (courtesy of DecisionPoint —
www.decisionpoint.com). The vertical lines are Jan 2008, Jan 2009 and Jan 2010
as you move to the right on the chart. [CHART] My old friend, Bob
Prechter, is talking about Dow 400. I used to think this was an absurd joke. I
no longer think it ’ s a joke. The ultimate result will be a
primary bear market shocking in duration and extent. …’ Reports:
IAF Landed at Saudi Base, US Troops near Iran Border Arutz
Sheva | The Israeli Air Force recently unloaded military equipment at
a Saudi Arabia base, a semi-official Iranian news agency claimed
Wednesday. It’s
time for the world to take a close look at the despotic, totalitarian regime
that presently exists for the grandeur and wealth of a few while hiding behind
Islam as they betray same and Muslims everywhere. The time has come for regime
change in Saudi Arabia to yield a nation of and for the people of Saudi Arabia
and the glory of Islam.
[It should be noted, and there have been a multitude of other
instances, that I ’ m getting substantial ‘ attacks ’
vis-ŕ-vis my internet connection which has slowed dramatically these posts. I
don ’ t
think the interference is either accidental or just coincidental but consistent
with that similarly experienced by critics of corrupt defacto bankrupt america
of which I am one and not alone in that regard – slowing, militating against
the devastating truth about america. It should be noted that yet another
attempt by the criminal american government and related partners in crime to
silence an unwavering critic (to really understand america is to not be able to
stand pervasively corrupt and defacto bankrupt america and her failed criminal
cohort nations / lapdogs, ie., uk, eu, israel, etc.), in contravention of first
amendment rights / protections, and as in the RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
] to cover up substantial crimes in which the government was / is also
involved. Some delays but a work-around is in
progress. I won’t forget this and a price will be paid, as continues to be
true. (6-22-10)THE
WORK-AROUND-IN-PROGRESS I ALLUDED TO IS NOW FOR THE MOST PART SUCCESSFULLY
COMPLETED BY WAY OF A DSL CONNECTION AND A DELL COMPUTER .] China To
Overtake USA In Manufacturing FT | The US remained
the world’ s biggest manufacturing nation by output last year,
but is poised to relinquish this slot in 2011 to China – thus ending a 110-year run as the number one country in factory
production. When
will the SEC prosecute for market rigging? Michael Schmidt
| Are the large gold bullion banks working in collusion with the US Federal
Reserve to artificially torpedo the key rival to US dollar
hegemony? China To
Overtake USA In Manufacturing FT | The US remained
the world’ s biggest manufacturing nation by output last year,
but is poised to relinquish this slot in 2011 to China – thus ending a 110-year run as the number one country in factory
production. Connecticut
vegetable lieberman: China Can Shut Down The Internet, Why Can’ t We …
(great logic from a totalitarian zionist)? Senator joe Zelig the
zionist israeli lieberman, co-author of a bill that would give President Obama
a kill switch ’ to shut down parts of the Internet, attempted to
reassure CNN viewers yesterday that concerns about the government regulating
free speech on the web were overblown, but he only stoked more alarm by citing
China, a country that censors all online dissent against the state, as the
model to which American should compare itself.
Mexican
drug cartel threatens to harm U.S. police officers who bust drug shipments
while off-duty New York Daily News | Mexican cartels
added a new twist to the drug war this week by threatening to kill U.S. cops
who seize their goods. Former
Israeli top spy calls for strike on Iran Israel should launch a
pre-emptive strike to prevent arch-foe Iran from going nuclear, a former head
of Israel’ s Mossad intelligence agency said on
Monday. Israel’ s Planned Attack on Iran from Caucasus Base
A week ago, Israel leaked to the press that they had permission from
Saudi Arabia to use their air space to attack Iran. The Saudi ’ s quickly denied this. Soros
Says ‘We Have Just Entered Act II’ of Crisis Bloomberg
| Soros said the current situation in the world economy is “eerily” reminiscent
of the 1930s. Gerald
Celente: U.S. Financial Markets to Collapse by End of 2010 Infowars.com
| Gerald Celente is a renowned trend forecaster, publisher of the Trends
Journal, business consultant and author who makes predictions about the global
financial markets and other events of historical
importance. Jobless
Claims in U.S. Decreased Last Week to 456,000 Bloomberg |
More Americans than anticipated filed applications for unemployment benefits
last week.
Market Outlook: Bearish Background to Bullish Storyline Sean
Hannon: ‘The last two weekly market
commentaries have discussed how the underlying trend of the market is now
bearish and all rallies should be used to sell stocks and reduce risks. With
nearly every news outlet spouting the bullish storyline, these articles served
as an outline of a disciplined investment strategy. Those who followed the
outline have done well as the Dow Jones Industrial Average (Dow), S&P 500,
and NASDAQ each declined over 5% since my initial warning. With the Dow still
stuck below the psychologically important 10,000 level and all three major U.S.
markets trading beneath their 200-day moving averages (MA), the bearish
backdrop is clear. Even if many are still looking for a rally, we should
understand that the primary trend is lower. Instead of focusing on how high
prices will rally, we should instead consider how much further prices can fall
…’
Greek
Default Seen by Almost 75% in Poll Doubtful About Trichet Global
investors have little confidence in Europe’s efforts to contain its debt crisis
or in European Central Bank President Jean-Claude Trichet, with 73 percent
calling a default by Greece likely. 12
Reasons Why The U.S. Housing Crash Is Far From Over Over the past
several months, many in the mainstream media have hailed the slight improvement
in the U.S. real estate market as a “housing
recovery”. US
Needs Austerity Too: Hedge Fund Strategist The United States will
have to adopt austerity measures similar to the ones taken in Europe, because
the problems faced are largely the same, Timothy Scala, macro-strategist at
Sophis Investments, told CNBC.com. Market
Analyst: ‘BP’s Not Going to Last as a Company More Than a Matter of Months’ We’ve
heard politicians, even conservative Republicans, suggest BP would be held
completely responsible for the devastation caused by the oil spill plaguing the
Gulf of Mexico, even if it means its very existence.
Israeli
Official Threatens to Kill Turkish PM Kurt Nimmo |
It is unprecedented for a top level state official to threaten a head of
another state with murder. US
Media Terrified Of Mentioning USS Liberty Do you know that an
american naval vessel was attacked by israel in international waters, 43 years
ago today, resulting in the deaths of dozens of american sailors
Arab lawmaker on flotilla sparks outrage in israel (AP) -
An Israeli-Arab lawmaker's decision to join hundreds of activists on a
pro-Palestinian flotilla has elevated her from relative political obscurity,
transforming her into the poster child for the ...
Why To Question the 2010 Stock Market Rally Why To Question the 2010
Stock Market Rally – Web Site Archived with Charts Click Here - In
the past year, we've written a lot about the similarity between the rally of
early 1930 and the one we had through April of this year. The early 1930 rally
came after the market had fallen nearly 50% in the fall of 1929. The spring
1930 rally took the market up nearly 50% again, to a level that was only about
20% below the previous peak. That rally, of course,
was also the biggest sucker's rally in history. After the market peaked in
April 1930, it crashed again, eventually ending up down 89% from the 1929 high
and more than 80% from the 1930 high. The
market did not reach the 1930 high again for another quarter of a century . The rally that recently ended in April 2010 came after
a crash that was actually slightly more severe than the 1929 crash (53% versus
48%). It took the market up nearly 80% from the low! The recent rally also
lasted longer than the 1930 rally did--a year, as opposed to 6 months … ] REMEMBER:
In 1930, They Didn’t Know It Was “The Great Depression” Yet In the
past year, we’ve written a lot about the similarity between the rally of early
1930 and the one we had through April of this year. Investment
Banker: It’s Going To Get Nasty – Buy Land, Barbed Wire And Guns A
top investment banker has warned that the economic fallout of the sovereign
debt crisis could get so nasty over the next five years that people would be
wise to abandon the markets and instead buy land, barbed wire and
guns. DEBT
POISED TO OVERTAKE GDP Key
Indicators of a New Depression Neeraj Chaudhary |
Great Depression II developing into something far more devastating than its
predecessor You’re Being Decieved
Infowars.com | We’re heading over an economic cliff and
there’s nothing the government can or will do about it except
lie. The
Folly of Blindly Trusting the Government
‘What Does China Want?’ They want to speak to Rosanne
Rosanna Danna, of course! ‘Asian markets tumble on fears over Hungary’
…Riiiiight! Hungary’s the thing! … Rosanne Rosanna Danna, formerly of SNL fame
wanted in Asia to chime in with what her mama always used to say, ‘ It’s always
something ‘ . Of course, it matters little to the frauds on wall street what
the something is said to be since the reality is … ‘This is a global
depression. This is a secular bear market in a global depression. This was a
manipulated bull (s***) cycle in a secular bear market. This has been a
typically manipulated bubble as has preceded the prior crashes with great
regularity that the wall street frauds and insiders commission and sell into.
This is a typical wall street churn and earn pass the hot potato scam / fraud
as in prior crashes.’ ( It should be noted, and there
have been a multitude of other instances, that I’m getting substantial
‘attacks’ vis-ŕ-vis my internet connection which has slowed dramatically these
posts. I don’t think the interference is either accidental nor just
coincidental but consistent with corrupt defacto bankrupt america’s critics of
which I am one and not alone in that regard – slowing, militating against the
devastating truth about america.) Europe
is Heading for a Depression Despite a nearly-$1 trillion rescue operation,
financial conditions in the eurozone continue to deteriorate. All the gauges of
market stress are edging upwards and credit default swaps (CDS) spreads have
widened to levels not seen since the weekend of the emergency
euro-summit. Key
Indicators of a New Depression With the mainstream media focusing on the
country’s leveling unemployment rate, improving retail sales, and nascent
housing recovery, one might think that the US government has successfully
navigated the economy through recession and growth has
returned. Get Ready for a Double Dip This
is a global depression. This is a secular bear market in a global depression.
This was a manipulated bull (s***) cycle in a secular bear market. This has
been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into. This is a typical wall street churn and earn pass the hot potato scam /
fraud as in prior crashes.]
european
central banks intervened to shore up the ever more worthless euro, buying into
that fraudulent wall street b*** s*** story that that ‘s a good thing, rallying
stocks off their lows. It is amazing how dumb europe has become so quickly. An
exception is what I believe was Germany’s steps against derivatives, which
market according to a derivatives trader on the radio this day is a $40
trillion market (missed his name). To reiterate as applicable to yet another
fraudulent scheme previously stated, said market is paper on paper moving
around and generating commissions at lightning computerized speed but adding no
real value in real economic terms; again, the analogy of termites eating away
at the (nation’s) foundation is apposite. As such, that money has to come from
some real place and hence, the ever more frequent and larger crashes we are
seeing. Don’t forget that the worthless paper from previous such fraudulent
schemes now marked to anything is still out there in a magnitude some have
placed in the hundreds of trillions. The
Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A
‘Virtual Certainty’ The stock of U.S. money as measured by ‘M3 money supply fell to $13.9 trillion from $14.2
trillion during the three months ending in April. [ This
is still an extraordinarily high level but … I don’t buy it. I believe the
printing presses have been working overtime to pump out ever more worthless
fiat currency and with the many trillions of worthless fraudulent paper still
out there and marked to anything. I further believe the same is being
surreptitiously used to supplant the fraudulent paper, the consequences of
which will be devastating, of course, as is invariably so in depressions in any
event. This scenario would also mean huge fraud accomplis. ]
Fiat
Money Supply Contracting at Great Depression Level The bankster
operative who helped destroy Glass-Steagall is back. Larry Summers, Obama’s top
economic adviser, has told Congress to “grit its teeth” and approve a fresh
fiscal boost of $200 billion to keep growth on track, reports the Daily Telegraph.
Fiat
Money Supply Contracting at Great Depression Level Kurt Nimmo
| The Federal Reserve stopped publishing M3 figures back in 2006.
Sell in May and Go Away, Indeed [ I wasn’t
kidding; and, I’m still not kidding when I say: This is a great
opportunity to sell / take profits because there’s much worse to come! ] Forecasts from Dent,
Napier, and then Prechter: Depression is
Imminent The Dow Jones Industrial Average will go down to at least 1000, most
likely to below 777 which was the starting point of its mania back in August
1982, and quite likely drop below 400 at one or more times during the bear
market. 10 Reasons to Worry About Margin
Growth … a good portion of these factors will likely impact
margins by the end of the year. I don’t believe this is adequately factored
into earnings estimates across the board. Given this, I believe we have seen
the highs for the year and next few quarters will be extremely volatile
... The frauds on wall street et als should be criminally
prosecuted, jailed, fined and disgorgement imposed. If that were so, they
wouldn’t be worrying about who wins / loses since those who fraudulently play,
invariably would (and should) pay. If they’re not prosecuted, everyone
loses.
POST MORTEM AND REVIEW Ricky :A post mortem is in order. The elements of this
worldwide con game are remarkably simple, not complex at all. Apparently you
only need a few things to make a mockery of the entire global economic system,
and big banks garnered these few important things through “regulatory capture”: 1) Unregulated, unenforced rules (particularly for
derivatives)
SELL IN MAY AND GO AWAY!
THE FORECASTS: Harry Dent, Jr.
Russell Napier is the author of the book “Anatomy of the Bear”, a professor at the
Edinburgh Business School and a consultant to CLSA Ltd. which is one of the top
research houses in Asia. Napier’s research indicates (and I paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800) Robert R. Prechter Jr. is author of a number of newsletters and books including
“Elliott Wave Principle” (1978) in which he predicted the super bull market of
the 1980s; “At the Crest of the Tidal Wave – A Forecast of the Great Bear
Market” (1995) in which he predicted a slow motion economic earthquake, brought
about by a great asset mania, that would register 11 on the financial Richter
scale causing a collapse of historic proportions; and “Conquer the Crash: You
can Survive and Prosper in a Deflationary Depression” (2002) in which he
described the economic cataclysm that we are just beginning to experience and
advised how to position one’s self financially during that period of time.
According to the Debt Clock:
• Total national debt: $13 trillion • Debt per citizen: $42,026 • Debt per taxpayer: $117,982Total interest due: $1.9 trillionInterest per citizen: $2,211
Click here to see the Debt Clock, which is updated every
second.
• Total personal debt: $16.5 trillion • Total mortgage debt: $14.1 trillionTotal consumer debt: $2.45 trillionPersonal debt per citizen: $53,483Debt held by foreign countries: $4.07
trillion
TED OLSON SEEKING TO
OVERTURN CALIFORNIA'S PROPOSITION 8, WHICH LIMITS MARRIAGE TO A MAN AND A
WOMAN. After shilling for the corrupt u.s. government as solicitor general,
maybe he just wanted to go straight [Just Kidding!]. There is no immunity,
judicial or otherwise for criminal acts. Moreover, there is no sovereign
immunity for non-governmental acts as would include involvement in
the illegal drug and related crimes, ie., bribery, etc., and the supreme court
has so held against foreign nations in the context of the RICO statute but in
my RICO case olson the liar would shill otherwise, not that he really had to
worry in light of the pervasively corrupt and wastefully costly federal courts
which should be abolished. Roman Polanski freed after Swiss reject U.S.
extradition request (Washington Post, July 13, 2010) Without diminishing in any way the seriousness of the crime, this
result is the direct consequence of the growing global recognition of the
pervasiveness of corruption in american courts, state and federal, and america
generally; so much so, that said corrupt american courts cannot be relied on
anywhere, anytime. Indeed, my own sampling, though hardly random to be candid,
is 5 for 5 (new jersey, new york, connecticut, virginia, california)
pervasively and egregiously corrupt to the point where these costly, corrupt
bureaucracies should be abolished and supplanted with alternatives as I’ve
previously set forth in these comments. Sen. Levin urges State Department to put
Afghan Taliban on list of terror groups (Washington
Post) Oooooh! … Sounds like a plan … and emanating from washington (and a
thriving Michigan jew no less) … who says they don’t do anything? … And,
consistent with that apocalyptic vision set forth in the Bible [albeit a book
of truth from a very limited perspective (for which literal interpretations are
misleading); after all, the Wise Men thought it was a movable star that was
guiding them and shone the bright ‘spotlight’ upon the manger with the Christ];
the jews and some other entity against the rest of the world for that final
Armageddon … oh, they’ll make that happen … it gets them through their day with
every step closer to apocalypse but not to the place called heaven will they
go. The end of this world? You might say america / israel / and theirs are
feverishly working on just that, one way or another! There is really no way to
rationalize or attempt to justify what america is / has become since they have
with open eyes chosen this contra-indicated course of ineluctable decline, from
illegal wars, to war crimes, to backing war criminal nations as israel, to huge
frauds, to war profiteering, to illicit drug trafficking and money laundering,
and this list goes on and on …: (Previously) I’d say this
alito vs. wobama is a tempest in a teapot inasmuch as alito is more than just a
lightweight, hack, liar, fraud etc., as set forth in the comments. alito is a
criminal who should have served / should be serving time in prison for
obstruction of justice, bribery, among other RICO violations. To alito, drug
money is as green as corporate money and worth his vote as well. In addition to
being an inept [I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO and
the court (I had known / previously met outside of court the judge Ackerman
through a client) was absolute bedlam and a total joke since incompetent
corrupt alito brought in all 20 mob defendants (rather than prosecute one or a
few to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches)] and
corrupt (see below and particularly the summary provided to the FBI under
penalty of perjury [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
] ) u.s. attorney.
You’re naďve to think
that the so-called supreme court is any different from the rest of the
meaningfully lawless and pervasively corrupt american ‘system’. I knew well an
accomplished trial lawyer, fellow american college of trial lawyers / and a bar
examiner, who pondered from time to time becoming a judge “so he’d never have
to work again” – his words.
Some comments on
alito…all appropriate:
Probably the worst appointment in one
hundred years.
Posted by: mnjam
-----------------------
Really? That's a pretty sweeping
statement to make about someone who's only been on the court a short few years.
And I thought that liberals were in
universal agreement that Clarence Thomas was the worst appointment in all of
history?
Posted by: blert | January 28, 2010 2:11
AM | Report abuse
Should Alito resign or be impeached?
Manchurian
Candidates: Supreme Court allows China and others unlimited spending in US
elections Greg Palast | Our future elections may
come down to a three-way battle between China, Saudi Arabia and Goldman
Sachs. Call
For Immediate Arrest of 5 Supreme Court Justices for Treason Gordon
Duff | The bloated corpse we are creating in Washington is emitting a
stench we can no longer abide. The aforesaid would be
shocking to anyone without a modicum of knowledge of the reality of pervasive
corruption within the u.s. courts themselves and america generally, including
all three branches of the u.s. government.Ron
Paul: After ‘CIA coup,’ agency ‘runs military’ US House Rep. Ron Paul
says the CIA has has in effect carried out a “coup” against the US government,
and the intelligence agency needs to be “taken out.” I also personally
believe there has been a defacto coup d’etat which has manifested in
various substantial, blatant, brazened frauds, ie., wall street, missing 360
tons of $100 bills in Iraq, war profiteering, etc., without any fear of
prosecution, and of course concomitant decline for u.s. as the treasury is
looted. But I also believe its scope is beyond just the CIA with many complicit
within the corrupted 3 branches of u.s. government (fed judges, us attorneys,
illegal system, etc.) plus the military and private big money, ie., Goldman
Sachs / wall street men, etc., among other organized crime. america is defacto
bankrupt in every way! Rendition:
Where the War on Terror Meets the War on Drugs Patrick Henningsen
| It’s time to ditch the policies we have come to tolerate for decades before
they consume what is left of our moral core. I’ve experienced the corrupt
inter-relationship of the government (all 3 corrupt branches) and the illegal
drug trade / obstruction of justice / bribery first hand, particularly the
courts / u.s. attorneys offices (ie., alito – now u.s. supreme court justice –
quid pro quo for his complicity / cover-up), feds; see immediately after article
excerpt for links / summary. …“Evidence points to aircraft – familiarly
known as “torture taxis” – used by the CIA to move captives seized in its
kidnapping or “extraordinary rendition” operations through Gatwick and other
airports in the EU being simultaneously used for drug distribution in the
Western hemisphere. A Gulfstream II jet aircraft N9875A identified by the
British Government and the European Parliament as being involved in this
traffic crashed in Mexico…” In 2004, another torture taxi crashed in a field in
Nicaragua with a ton of cocaine aboard… Mexican soldiers found ..132 bags
containing 3.3 metric tons of cocaine. The origination of the Gulfstream’s
flight is unknown but it was destined for Cancun when it crash landed. Again,
here is the important point: that same Gulf Stream II was one of the very same
planes chartered to the CIA for the rendition of suspected terrorists
prisoners. Gulf Stream II crashed in Mexico with 3 tons of
cocaine on board ..it should not be surprising that this illegal practice of rendition
has in some part, been used as a well-run smokescreen for another
borderless illegal operation- an extremely lucrative international transfer and
delivery of cash and narcotics .,,These
flights are not subject to regular customs checks, inspections or normal
regulations as they move seamlessly between destinations in the US, Britain,
Europe, Middle East, Central Asia, Cuba and possibly through US bases in
Turkey, Greece and Morocco… Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.). NSA beats
warrantless wiretap rap A Federal judge has dismissed a complaint against
the National Security Agency’s (NSA) Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and
corrupt costly bureaucracies. There must be such things
as parallel universes (I don’t really believe that, because there isn’t) or how
else do you explain the disconnect between reality, current and prospective,
and the wet dreams posited to keep the war funding / corporate welfare programs
alive in collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much higher. Even
israel apologist Cohen of The Washington Post alludes to the Vietnam analogy.
However, even if there were real goals beyond the poppy / heroin trade which
the Taliban had all but eradicated (there isn’t); even if america wasn’t
defacto bankrupt (america is); even if america wasn’t killing innocent
civilians in large numbers (war criminal nation america is); even if america’s
allies haven’t similarly helped to bankrupt themselves by way of this war (they
have); even if I hadn’t told you so (I did) ….. this war still was, is, and
remains a very bad idea! How
does anyone take the u.s. seriously in light of their credibility problems, war
crimes, etc.? What nuke technology israel didn’t steal from the u.s., the u.s.
gave them along with missile, armaments, etc.. and paid for with taxpayer money
that u.s. taxpayers and the defacto bankrupt nation don’t have. It's time to expel
israel from the UN Without doubt, the israeli attack on the Gaza-bound
"Freedom Flotilla" in the dawn of Monday, May 31, 2010 is one of the
most savage crimes in recent history. It seems the ruling power in Tel Aviv has
been afflicted with a variant of mad cow disease; otherwise, how could it be so
cruel to unleash such a beastly raid on the "Mavi Marmara," the
Turkish flagship of a flotilla carrying medical and humanitarian supplies to
the hapless people of Gaza Strip?The
israeli Spin-Machine in Overdrive: dershowitz to the Rescue? Armed
Israeli commandos, the elite of the elites, rappelled to the deck of a Turkish
ship carrying humanitarian relief supplies to the 1.5 million prisoners in the
Gaza concentration camp.You
think Iraq was bad? Invading Iran ‘would be lunacy’ Ivan Eland, Director of
the Center on Peace and Liberty at the Independent Institute in Washington DC,
gives his opinion on new sanctions imposed on Iran. I
include the first two comments to the foregoing headline:
Billo Says:
June 11th, 2010 at 6:15
am
Lunacy? Keep in mind
that this country is run and controlled by lunatics. Our press government and
military seem to take their orders from Israel. Isarel wants to be known as a
pack of “mad dogs. Do we want “mad dogs” controlling us?
Here
we see a bunch of phony accusations against Iran just like we did in the run up
to the bogus wars in Iraq, Afghanistan and now Pakistan. The boy has cried wold
ten thousand times. It’s time to identify the “lunatics” and kindly take away
the car keys. If you won’t let your friends drive drunk, why do we let a bunch
of “lunatic” enemies run this place.
Glen Reply:
June 11th, 2010 at 6:47
am
Lunacy it would be.
But it is also to their
great credit that the Iranians have not made their own threats.
Everyone knows there are
3 WMD threats, Nuclear Biological and chemical. The scariest of which is
Biological.
Any attack done under
the threat of immediate biological retaliation would deter only the insane.
Watch out america home
of the insane, home of the leaders who want an 80% population reduction.
General
McChrystal’ s Burning Contempt for
the Puppet Obama The farce that is the war in Afghanistan is coming apart
at the seams. General Stanley McChrystal’ s sharp comments
about Obama, Biden, and the administration published by Rolling Stone are not
so much about disrespect, as the script-reading corporate media talking heads
would have it, but rather about a policy in disarray in Afghanistan. Gaza blockade illegal,
must be lifted — UN rights official Israeli blockade of Gaza
unsustainable: White House US Jewish opinion
and the ‘Beinart moment’ The controversial book, The Israel Lobby, in which
the political scientists, John Mearsheimer and Stephen Walt, argued that US
foreign policy has been hijacked by organized Zionism went strangely unnoticed
by the leading journal of American intellectual opinion, the New York Review of
Books. Doubts Grow Over Israel’s Value as U.S. Ally Jim
Lobe | The notion is that Israel and its actions have since the Cold
War increasingly become a “strategic liability” to U.S. interests in the
region.In
1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of
a Jewish state in Palestine, warned that, even though failure to go along with
the Zionists might cost President Truman the states of New York, Pennsylvania,
and California, it was about time that somebody should pay some consideration
to whether we might not lose the United States. Mr. Forrestal was absolutely
correct! Isn’t that exactly what’s happened to defacto bankrupt america in
intractable decline. TIME TO REVOKE AND NULLIFY THE BALFOUR
DECLARATION AND ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE
INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE PROSPERITY FOR THIS
WORLD!
OOOOH! ISRAEL NOW IN FAVOR OF NUKES IN THE MIDDLE
EAST IN SUDDEN SHIFT IN POLICY TO FAVOR IRAN IN A VERY BIG WAY! ISRAEL
SEES THE LIGHT AND SIDES WITH IRAN ON NUCLEAR ISSUE; ESSENTIALLY SAYS TO THE
WORLD AND IRAN ‘TO PRESS ON WITH NUCLEAR AMBITIONS’.
The yardarm is the
remedy Dozens of our friends and comrades, of wonderful compassionate
activists are dead and wounded in the pirate attack in the high seas on
humanitarian aid boats. This is a dreadful crime that will forever be
remembered and should be punished. The Israeli pirates attacked the
humanitarian aid Freedom Flotilla in the international waters over 150 km out
of their territorial waters. The boats carried no arms; the participants
strictly adhered to Ghandian mode by asking the Greek and Cyprus authorities to
search the boats to avoid later claims that they were armed.
A
Plague Upon The World: The USA is a “Failed State” Dr. Paul
Craig Roberts | The American people are lost in la-la land. They have
no idea that their civil liberties have been forfeited. US
citizen killed on flotilla reportedly shot four times in head Raw
Story | A forensic report said Furkan Dogan was shot at close range,
with four bullets in his head and one in his chest, according to the Anatolian
news agency. The explanation foisted off on the americans by war criminal
israelis is probably something on the order of ‘they just wanted to make sure
they missed him’. Roberts:
‘AIPAC purchases US elections’ Russia Today | Paul
Craig Roberts says that there will be nothing that is going to be done by the
United States to change the relationship with Israel.
‘US
funding terrorist group against Iran’ Press TV | A
member of a terrorist organization operating in Iran says that a US State
department radio station originally put him in touch with the group.
Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo
| John McCain worked overtime to make sure Vietnam POWs never came home. I
think the even bigger story vis-ŕ-vis mccain is: http://www.albertpeia.com/heroenot.htm
‘Did you know that that so-called "american heroe" john mccain was
referred to by his fellow pows in Vietnam as something akin to the
"songbird" inasmuch as he was constantly "singing" to his
Viet-Cong captors to curry favor and better treatment? This has been documented
with authority by Colonel David Hackworth. The same violates military
code/protocol (other soldiers have been court-martialed for far less) click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up scenario, compromizing the false facade
of far less than a heroe, is exactly what a criminal (lie of a) nation as
america loves and encourages (get everyone's hands dirty so no-one dares to
rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the
(corrupt, propagandized) line", become a criminal, or be exposed,
prosecuted, and/or ruined; and, hasn't anyone asked how "wall street"
has been "spared the spotlight" (and even was accorded protective
legislation from their criminal culpability) and focus of inquiry, attention,
and prosecution despite being the primary beneficiaries financial and otherwise
of these scams (you know the wall street motto, "churn and earn";
huge conflicts of interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s
Nukes Out of the Shadows Israel faces unprecedented pressure to
abandon its official policy of “ambiguity” on its possession of nuclear weapons
as the international community meets at the United Nations in New York this
week to consider banning such arsenals from the Middle East.
NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more:
Launch
of secret US space ship masks even more secret launch of new weapon
The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.” OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq
Malik CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld And
don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so
it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian
DePalma already has ‘Mission to Mars’ in the can, but beware say the producers
of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with
astronaut Paddy Ross who has returned from Mars as a space alien host body. First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls -
The first man to pretend to walk on the moon blasted President Barack Obama's
decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not
going with the new movie is “devastating” to america's boondoggle spaced out
effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
Editorial: US in
quagmire Seeing the warm welcome extended to the Afghan president on his US
trip, it is hard to believe that only weeks ago Washington was seething with
anger and frustration at Hamid Karzai’s behavior and there were even dark
mutterings by US officials that he might be mad.War
in Afghanistan and Iraq costs America $1trillion From the Old
| On May 30th at 10:06 the United States reached the point where they have
spent $1trillion on the wars in Afghanistan and
Iraq. Sinking
of the Cheonan: A Classic False Flag Operation Russia Today
| Sinking of the warship was really intended to convince Japan not to move US
forces off Okinawa as well as divert the attention of Americans from the dire
economic situation at home.
. Israel:
IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The
government of israel, aided by many quarters of the international media, is
attempting to spin today’s deadly IDF assault on a humanitarian aid ship
carrying supplies to Gaza as the fault of the murdered activists on board the
vessel, ludicrously characterizing machine-gun carrying Israeli troops who
killed over a dozen innocent people as the victims of the incident.Murder on the high seas
JERUSALEM: Israeli marines stormed aid ships bound for Gaza on Monday and at
least 10 rights activists were killed, triggering a diplomatic crisis and an
emergency session of the UN Security Council. European nations, as well as the
United Nations and Turkey, voiced shock and outrage at the bloody end to the
international campaigners' bid to break Israel's blockade of the Gaza StripIsraeli
American Microbiologist Linked to Deadly Fungus Kurt Nimmo
| A report links labs in the United States and Israel to the Cryptococcus gatti
fungus that has killed several people in the United States.Iraqi
doctors demand cancer probe Al Jazeera | Iraqi
doctors believe depleted uranium from US military equipment used in the 2003
invasion is spreading cancer through the population. [This is all too true and
real; and I’m surprised this hasn’t gotten more attention, coverage … well,
maybe not that surprised ]."What
this means is that Neanderthals are not totally extinct. In some of us, they
live on ," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the distinction,
without a difference). Actually, prior to studying the compelling subject
of Biological Anthropology (Michael Park text), I too had some misconceptions
about the group known as Neandertals (recent spelling drops the ‘h’) and
actually mis-referenced same by the stereotypical image of members of said
clade even as the debate continues as to whether they are within the species
homo sapiens or a separate species. I believe these to be distinctions without
important differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi Klum thinks
on the subject. Previously
I wrote: FOUND: MISSING LINK BETWEEN APES AND MAN.... [To the
Professor at the beginning of the course]
10-5-09
Postscript: Professor *****,
[Interestingly, my intuitive (but unstudied) thoughts prior to
closer examination of the compelling subject of Biological Anthropology remain
what I believe to be the correct scenario. Specifically, very simply stated,
for the most part, the more “enlightened” (but not by much; by mutation,
accident, luck, intervention, etc.) left the unvarying confines of their
Sub-Saharan origins, experienced diverse new environs, challenges, etc.,
experienced what has been described (by neuroscientists, psychologists, etc.)
as neurogenesis in varying degrees and forms thereby over time, which trait was
selected for and is consistent with the purported multi-regional evolutionary
model which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very humbling and
sorrowful tale of the “dawn of man”.] BUDGET
CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ... [Judge sends Lohan to jail for probation violation (AP) – They
got her! That globe-trotting danger / threat to society, the infamous public
enemy Lindsey Lohan. Guess she couldn’t cough up that direct or indirect bribe.
How pathetic these corrupt, kangaroo courts are! If only she was a drug dealer,
armed robber, etc., she would have had the pre-paid connections to avoid this
preposterous (known substantial criminals walk about freely, without fear)
outcome. This, even as they are releasing substantial felons owing to budgetary
considerations. ]
ABOLISH THE CORRUPT,
ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY DIRECT OBSERVATION AND
EXPERIENCE . (PREVIOUSLY ARCHIVED) HOWEVER, THIS LATEST "CALIFORNIA/LA
DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:
Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS
LOST... Rate
dips as 652,000 give up search... Depressing...
[That’s why they’re called depressions (just kidding … but no laughing matter)
… At this rate, with all those lost jobs and jobseekers no longer seeking
those lost jobs that aren’t there, by their calculations (9.5% the bright spot
… riiiiight!) we should be at full employment very soon … you can’t make this
stuff up … really!].New
jobless claims rise [again]... 'Surprise'...
Pending
home sales plunge record 30%... Weak economic
data suggest 'recovery' fizzling... Fears
mount over slowing global demand... UN
committee calls for dumping US dollar... Six Months
to Go Until the Largest Tax Hikes in History... KRUGMAN:
'We are now, I fear, in the early stages of a third depression'... STOCKS HIT LOWEST OF YEAR... DEBT
SOARS TO HIGHEST LEVEL SINCE WWII... PRIVATE SECTOR SEES WEAKER JUNE JOBS... Sputtering...
Dow Loses 10% in Q2... Fed
Officials Express Caution on Outlook, Avoid Talk of Further Stimulus... NEW CLASHES IN ATHENS... Greeks
Walk Off Job... NEARLY
2,000 PAGES: The legislation would redraw how money flows through economy... Bank stocks soar … see new old opportunities for new old
frauds ... buzz
aldrin wants to colonize Mars … Riiiiight buzzed! Better check with Dipalma to
see if he already has the footage in the can since you won’t be able to use the
moon footage for the new boondoggle video ... WSJNBCNEWS:
Confidence Waning in Obama, U.S. Outlook... SCARY
OBAMA: 'VERY DIFFICULT CHOICES AHEAD' ON DEFICITS CHICAGOLAND BOMBSHELL: Obama knew plot to trade Cabinet post
for appointing Jarrett to Senate -- Testimony... RAHM DELIVERED THE LIST... BLAGO TAPE: Get Obama to fundraise from Buffett, Gates... Greece puts its islands up for sale in futile attempt to save
economy... DEUTSCHE BANK says US financial conditions are worse... New
home sales plunge 33%... Record
low... CIA:
AFGHAN PROGRESS 'SLOWER' THAN ANTICIPATED… Daaaaah! ... GEN.
PRAYFORUS JUNE:
DEADLIEST MONTH... Obama's
choice suggests longer troop presence... Obama doubles down
on war... New General,
Old Strategy... President's real problem: War plan in trouble... WIRES:
Gen.'s remarks echo troubled strategy... 'Doubt
among soldiers that counterinsurgency will work'... REPORT: Traded Favors with Blago... Sticker
Shock Among Dems Jeopardizing Obama's Agenda... CHINA
TO OVERTAKE USA IN MANUFACTURING... Canada's
economy suddenly the envy of world... Germany
Rejects Obama's Call on Growth, Stoking G-20 Conflict... States Take
Aim at Pension Costs... ...Bank
failure pace more than double last year REPORT:
Madoff tells cellmates of $9 billion stash... they all have them … Cases
against Wall Street lag despite Holder’s vows to target financial fraud FANNIE
AND FREDDIE tab 146B and rising; Foreclosed on home every 90 seconds... THOMAS
SOWELL: Is USA Now On Slippery Slope To Tyranny? DEBT RISE TO
$19,600,000,000,000.00 BY 2015 GALLUP: NEW LOW FOR O, SLIPS TO 44%... POLL:
Voter support for Congress at all-time low... GALLUP:
Obama's Weekly Job Approval Rating Skid... RASMUSSEN
POLL... Obama
Approval Falls to New Low: 42% Obama
Approval Index: -20 Strongly
Approve 24% Strongly
Disapprove 44% Total
Approval 42% UN rebukes of
Israel permitted in US policy shift... DEBT
POISED TO OVERTAKE GDP WH
PRESS QUEEN: JEWS GET OUT OF ISRAEL, GO BACK TO POLAND … UPON REFLECTION, A
GOOD IDEA … AFTER ALL, THE ENGLISH BALFOUR DECLARATION WAS A PRO-COMMUNIST
CONCESSION, A BAD IDEA, AND THE CREATION OF ISRAEL U.S. DOD CHIEF JAMES
FORRESTAL OPPOSED IN 1948 AS AN AMERICA KILLER! 'Three
Cheers for Helen Thomas'... Census
Worker Claims Job Numbers Being Inflated...
Bilderberg
2010: Between the sword and the wall... Protesters
'being detained, searched, questioned'... Final
List of Participants... Stephen Hawking: Aliens exist but don't talk to them --
it's too dangerous … might not like us… Oh pshaw! … Human nature, man’s
inhumanity to man? … Such humble beginnings and evolutionary history …
What’s not to like? … Besides, not to worry. With their advanced
technologies that defy human understanding, the aliens already know you’re here
… to stay. So, not to worry. After all, as we know from that documentary of
that same name, ‘Earth Girls Are Easy’ … and then there’s photosynthesis on
earth in a very big way also going for it! ... Seeing
Aliens Will Likely Take Centuries. Centuries? Not goin’ to happen; at best,
decades .
7-29-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Come on! Who believes their pre-election year data, reports,
b***s***? There’s desperation in the air and like never before! One
commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references the
sham in Washington; and regardless, points to default by way of inflation,
further stating that the debt ceiling’s already been breached by borrowing.
Moreover, he additionally states that default is inevitable by way of
inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated
worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud)
giving rise to the previous leg of this continuing, ongoing debacle / crisis.
He finally goes on to recommend non-u.s., non-dollar denominated assets,
precious metals, and alternate currencies. This
is still a great opportunity to sell / take profits since there’s much, much
worse to come!
7-28-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Come on! Who believes their pre-election year data, reports,
b***s***? There’s desperation in the air and like never before! One
commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references the
sham in Washington; and regardless, points to default by way of inflation,
further stating that the debt ceiling’s already been breached by borrowing.
Moreover, he additionally states that default is inevitable by way of
inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated
worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud)
giving rise to the previous leg of this continuing, ongoing debacle / crisis.
He finally goes on to recommend non-u.s., non-dollar denominated assets,
precious metals, and alternate currencies. This
is still a great opportunity to sell / take profits since there’s much, much
worse to come! Initial
unemployment
claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ Huge suckers’ rally to keep the suckers suckered in this
market based upon backward looking data discounted multiple times to the upside
(including the apple numbers as recently as last week on ‘leaked’ expectations
of ‘better than expected’, etc.), taxpayer funded QE results, and b***s***
alone. This is an especially great opportunity to sell / take profits since
there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
7-27-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Initial
unemployment
claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ Huge suckers’ rally to keep the suckers suckered in this
market based upon backward looking data discounted multiple times to the upside
(including the apple numbers as recently as last week on ‘leaked’ expectations
of ‘better than expected’, etc.), taxpayer funded QE results, and b***s***
alone. This is an especially great opportunity to sell / take profits since
there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
7-26-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Initial
unemployment
claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ Huge suckers’ rally to keep the suckers suckered in this
market based upon backward looking data discounted multiple times to the upside
(including the apple numbers as recently as last week on ‘leaked’ expectations
of ‘better than expected’, etc.), taxpayer funded QE results, and b***s***
alone. This is an especially great opportunity to sell / take profits since
there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
7-25-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed !
Suckers’ rally into the close off lows based on bad news and b*** s*** alone as
previously: Initial
unemployment
claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with
with an electric typewriter for letter quality)] who could (as he) identify
such novelties as the biggest over-priced / over-valued sensations since the
hoola hoop (which were pretty cheap and with some minor health benefits to
boot).Take this run-up as a gift based on fraudulent wall street b***s*** alone
and take this opportunity to sell / take profits / ‘sell today if you missed in
may and then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ Huge suckers’ rally to keep the suckers suckered in this
market based upon backward looking data discounted multiple times to the upside
(including the apple numbers as recently as last week on ‘leaked’ expectations
of ‘better than expected’, etc.), taxpayer funded QE results, and b***s***
alone. This is an especially great opportunity to sell / take profits since
there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
7-22-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Initial
unemployment
claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data with typewriter interface
for letter quality)] who could (as he) identify such novelties as the biggest
over-priced / over-valued sensations since the hoola hoop (which were pretty
cheap and with some minor health benefits to boot).Take this run-up as a gift
based on fraudulent wall street b***s*** alone and take this opportunity to
sell / take profits / ‘sell today if you missed in may and then go away’!
Nothing has been solved; maybe forestalled. This is the umpteenth rally based
upon the ‘solution’. The ubiquitous problems make the notion of a ‘Gordian
Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT USA INC. - BALANCE SHEET …’ Huge suckers’ rally to keep the suckers suckered in this
market based upon backward looking data discounted multiple times to the upside
(including the apple numbers as recently as last week on ‘leaked’ expectations
of ‘better than expected’, etc.), taxpayer funded QE results, and b***s***
alone. This is an especially great opportunity to sell / take profits since
there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
7-21-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Take this
run-up as a gift based on fraudulent wall street b***s*** alone and take this
opportunity to sell / take profits / ‘sell today if you missed may and then go
away’! Nothing has been solved; maybe forestalled. This is the umpteenth rally
based upon the ‘solution’. The ubiquitous problems make the notion of a
‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been
so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a
corporation - USA Inc. - here's what the Income Statement would look like:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET …’ Huge suckers’ rally to keep the suckers
suckered in this market based upon backward looking data discounted multiple
times to the upside (including the apple numbers as recently as last week on
‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded QE
results, and b***s*** alone. This is an especially great opportunity to sell /
take profits since there’s much, much worse to come! IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Previous, full moon and fraudulent wall street, get this, rallies
on not as bad as expected EU stress tests and better than expected google
results but forget the dire consumer (recession level) consumer sentiment
number ‘cause after all, consumer spending just a paltry 70% of GDP. Think about this: short-lived Pavlov dog
rally (the conditioned stimulus) on hopes for more welfare for wall street and
some good results in communist China. This despite the previous failure of QE
for everyone but the frauds on wall street and ultimately, though circumlocuted,
at great taxpayer expense. Titans of capitalism? How ‘bout the biggest
unprosecuted frauds in the world. Preposterous! Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ ‘INSIDE JOB’
Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in
the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in
hand that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) … I want just one person with courage enough to stand
up and explain to all that these huge commissionable computerized trading
volumes like never before are a net negative in a very big way … that’s a fact
… that’s economic reality in real terms!
… Trade deficit up, growth predictions by fed scaled down [ do you
recall how many upside market points for the false, more positive growth
projections by the ‘no-recession’ fed, then there’s also the costly,
hyperinflationary failed QE hopes, more fed jawboning rallies the frauds on
wall street off their lows to keep suckers suckered – they all belong in jail! Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter
Gorenstein STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far
worse than expected (and in this pre-election year the reality is still far
worse than reported), yet stocks still rallied off lows to keep suckers sucked
in to this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Previous:Stocks
rally on jersey-based, former Lautenberg ADP still paltry, better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse
than expected; and, don’t forget, these are desperate ‘pre-election times’ when
regardless of factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’
corrupt chicago ISM is up as even their youth gangs are showing increased
criminal activity which probably accounts for the rise; ie., meth, crack labs,
etc.?) data / reports are fudged / faked / spun. Foreclosure, distressed
sales up, at least on paper with contracts signed, so no surprise nor reason to
cheer here, as markets worldwide jump on the american crazy train for a
short-lived bounce as all problems remain.
This is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! Talk about milking the
greek crisis for the umpteenth time a so-called solution (and there are loads
of greecy scenarios worldwide … I don’t
think so and neither does Schaeffer who says: ‘ but it’s great press for the churn and
earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day)
‘rally’ was based on b***s*** alone to keep the suckers suckered and for
‘smarter money ‘ along with the frauds to sell into. This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast
turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed
pilots who were frustrated at the poor responsiveness of the plane’s controls,
arguing about their next step, and getting no help whatsoever from the
operator’s manuals. So it is unsettling that policymakers in many Western
economies today resemble the second group of pilots. This perception reflects
not only the contradictory pronouncements and behavior of policymakers, but
also the extent to which economic outcomes have consistently fallen short of
their expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’
Standing on the precipice – and ready to jump July 21st, 2011 News By Wolfgang Münchau
( Financial Times) — ‘It looks like there will be deal on a eurozone package
for Greece. The full details are still missing, but it appears that the
eurozone is forcing Greece into a selective default. As part of such a package,
short-term Greek debt will be more or less forcibly converted into long-term
debt. The wretched bank tax is mercifully off the table. And the European
financial stability facility will most likely be allowed to purchase Greek debt
at a discount. LET US NOT MINCE WORDS HERE . THIS WOULD BE
A DEFAULT, THE FIRST BY A WESTERN INDUSTRIALISED COUNTRY IN A GENERATION .
I am
not quite sure how it is possible for the European Central Bank to agree to
this, or to all of this. But I will surely be intrigued to hear how Jean-Claude
Trichet will manage to be consistent with what he said a few days ago. There
are also reports that the eurozone leaders may accept a more flexible EFSF
beyond those bond purchases.’
Close
to a budget deal? Not close to a budget deal? July
21, 2011 (USAGOLD) — ‘Stocks jumped and gold slipped after WSJ Breaking News
ran the following headline:
Breaking:
President Obama and House Speaker Boehner are close to a $3 trillion budget
deal; stocks are rallying.
Less than 15
minutes later they ran the following:
Update:
both parties say they are *not* close to a budget deal. Citing Tweets by @SpeakerBoehner and @pfeiffer44.
House speaker
Boehner responded: False. Senate should pass #CutCapBalance .Wrong.
POTUS pushing for biggest deal possible, but nothing new .’
The
Greater Depression Is Upon Us by David Galland http://www.lewrockwell.com/orig10/galland34.1.html Casey
Research Recently by David Galland: The Road to Perdition ‘The phrase “Greater Depression” was coined by Doug Casey
a decade or so back as a way of describing the economic crisis he foresaw as
inevitable, and which is now materializing.
Because I think it is important for
every organization to constantly challenge its own assumptions, I’ve long acted
as something of a devil’s advocate here at Casey Research. By constantly pushing
our analysts to revisit their assumptions and calculations, it is my firm
intention for us to spot the fork in the road that indicates it is time to
shift strategies away from investments designed to do well in the face of a
currency debasement and to something else.
Being attentive to that fork in the
road is hugely important, because even though we urge our subscribers not to
overdo their exposure to inflation hedges, we recognize that many do. Many a
good person had their clocks cleaned in the early 1980s solely because they had
become overly enamored of their precious metals – so much so that they stopped
thinking of them as an asset class and began thinking of them more in the terms
one might associate with an amorous dinner date. Thus these investors were
utterly unprepared when said date stood up and broke a dinner plate over their
heads.
With that brief setup, I want to make
our views clear: While we correctly anticipated the recent correction in
precious metals, this correction is but a blip in a secular bull market that is
very much intact.
Doug Casey has often said that the
unfolding crisis is going to be even worse than he expects (which is saying
something), and the longer the rest of us at Casey Research study the tea
leaves, it is hard to disagree that the Greater Depression is still ahead.
Consider:
The eurozone is growing increasingly desperate. Watching the heads of Europe dither and debate
over further bailouts to the unhappy Greeks and other troubled PIIGS –
before ultimately reaching back into the pockets of the equally unhappy
citizens in Germany and the decreasing number of still-functioning
economies in the eurozone – reminds me of a down-on-his-luck blackjack
player. He’s mortgaged his home to play the game but is now down to his last
chips. He doesn’t want to risk his remaining resources but has no choice,
because to walk away now will mean taking up residence in a cardboard box.
And so, reluctantly, he shoves across another pile. The problem is that
the game is rigged – and not in his favor. As the PIIGS start to default
and either leave the eurozone entirely or are shunted off into some sort
of sidecar organization, there will be great volatility in the euro and in
the European markets. The U.S. debt situation is far worse than anyone
in Washington is willing to admit. We keep hearing calls for more, not less debt creation. But if
people would stop kidding themselves and tally up all the many demands the
U.S. government has against it, the actual debt-to-GDP ratio rises to
something on the order of 400% – and even that is likely understating
things. The fundamental flaws in the U.S. monetary system – flaws that
have given license to the bureaucrats to smash the limousine of state
straight into a wall – have required a remaking every 20 to 30 years or
so. The problem is that there is pretty much nothing else that can be done
to save the status quo at this point, and so the monetary system is likely
to collapse. That means big changes ahead, including – or perhaps starting
with – a poisonous ratcheting up of interest rates. China’s miracle mirage. While having aspects of a free market, the hard
truth is that China is run as a command economy by a cadre of communist
holdovers. This is apparent in the cities that have been built for no purpose
other than creating jobs and boosting GDP. It is also apparent in the
growing inflation in China – the inevitable knock-on of the government’s
decision to yank on the levers of money creation harder than any other
nation at the onset of the Greater Depression. Meanwhile, signs of social
unrest crop up here and there. Though so far they have been swiftly put
down, there is no question that the ruling elite has to walk a very fine
line. If the Chinese economy stumbles seriously, all bets are off. That we
are talking about the world’s second-largest economy means this is not of
small consequence. Japan is essentially offline. Reports from friends in Japan – including one
who was initially skeptical about the scale of the problems at Fukushima –
have now changed in tone by 180 degrees. You can almost feel the growing
sense of desperation as the already massively indebted nation begins to
slide toward an abyss. There is little standing in the way of the world’s
third-largest economy’s slide. The Middle East is in flames. This, too, is far from settled. As usual, the
U.S. government has been hopping here and there in an attempt to maintain
its influence, but at this point pretty much everything is up for grabs.
The odds of the U.S. retaining the same level of influence in the region
that it has enjoyed over the last century are slim to none, especially now
that even the Saudis are shipping more of their oil to China than to the
U.S. Again, big changes are ahead…’
Deficit Ceiling
and Stocks - Expect the Unexpected
ETFguide Simon Maierhofer, July 19, 2011, ‘ A
number of cliches come to mind when talking about the U.S. debt situation. The
most appropriate might be: 'You can't have your cake and eat it too.' The least
applicable is probably: 'Never put off until tomorrow what you can do today.'
But if you think
the U.S. will default on some of its obligations anytime soon, you don't have
enough faith in the government's most potent weapon - extend and pretend
(another cliche that's become the modus operandi).
Since 1960,
Congress has acted 78 separate times to permanently raise, temporarily extend,
or revise the definition of the debt limit. Chances are Congress will act again
before the August 2 deadline. That however isn't good news.
By the end of
this article you will know the common sense, no nonsense, deficit ramifications
for the stock market and why even 'a deal' isn't good news.
USA Inc.
- Income Statement
If the United
States was a corporation - USA Inc. - here's what the Income Statement would
look like:
Total federal
spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162
trillion. USA Inc.'s 2010 deficit was $1.294 trillion.
The 2011 federal
budget is $3.7 trillion with a projected deficit of$1.6 trillion. But there's
no reason to despair, just before April 15,Congressional leaders were able to
agree on $39 billion worth of budgetcuts for the remainder of the year.
Senate Majority Leader
Harry Reid hailed this heroic effort as a 'historic' level of cuts. To quantify
just how 'historic' that effort was we'll put it in percentage terms -1%. The
cut amounted to only 1% of the 2011 budget. Apparently it wasn't enough. Thanks
to extend and pretend we've arrived at the next deadline.
Stocks
Applaud ... and Decline
Keep in mind that
back in mid-April when the 'historic' $39 billion cut was hammered out, the
S&P was at about 1,300. Following the 'resolution' of the budget problem
stocks rallied about 5%.
The April 3 ETF
Profit Strategy Newsletter featured the chart below (due to size restrictions
the chart had to be reduced). As per the chart and accompanying analysis, the
Newsletter expected a rally to the next Fibonacci resistance at 1,369, followed
by a bounce off the Fibonacci support at either 1,229 or 1,255 and an attempt
to take out the previous high.
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
This outlook was
based purely on technical analysis with no regard for the deficit problem or
European debt woes (we'll take a look at an updated technical forecast in a
moment). The S&P did top at 1,370 on May 2. Thereafter it dropped to 1,259,
and tried to take out the previous high (the S&P rallied as high as 1,356
on July 7and stumbled thereafter).
USA Inc.
- Balance Sheet
If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion.
The
Deficit and Stocks
When President Obama
took office in January 2009, the federal debt was 70% of GDP or $10 trillion.
Today the deficit is close to 100% of GDP at $14.3 trillion. As per a
recent AP report, President Obama had to scroll down his demands and would now
be content with a $2.4 trillion debt ceiling increase to make it last beyond
the 2012 elections.
No doubt, the
President would like the deficit issue put on hold until he's re-elected. It
seems like everyone has an agenda that takes priority over solving the actual
debt issue. The whole game could be summed up as White House budget director
Jack Lew put it: 'That all these ideas do is say let's kick the can down the
road so that others will deal with it.'
This, by the way,
is why the pre-election year of the Presidential election year cycles has seen
gains consistently since 1939, because the incumbent party will do what it
takes to remain in office longer.
A
lose-lose Situation
The drawback of
the deficit situation is that there is no easy way out. The government has to
either cut spending (as in fewer benefits for Americans) or increase revenue
(as in higher taxes).
Pick your poison.
Either choice will kill the economy. Of course, you can extend and pretend,
which is probably what will end up happening. No matter how much lip stick you
have at your disposal, a pig remains a pig. The deficit is a big (red) pig.
What is worse, a
$14.3 trillion deficit today, or a $16+ trillion deficit (according to Obama's
wish) in 2012? Debt is like gangrene, dry rot or mold, it doesn't just go away,
it gets worse (ask Greece, Ireland, Portugal or any of the other PIIGS).
Eliminate
Variables
Using European
(NYSEArca: VGK - News ) debt troubles as a
benchmark, there hasn't been a direct correlation between U.S. stocks and
European debt. To generalize this even further, there hasn't been a real
correlation between the U.S. deficit issue and U.S. stocks.
It was in June
2009 that Greece admitted to having a 'small' problem. Stocks rallied
throughout the remainder of 2009, most of 2010 and some in 2011. The same is
true for the MSCI EAFE ETF (NYSEArca: EFA - News ) and Emerging Market ETF
(NYSEArca: EEM - News ).
Admittedly, the
U.S. is a much bigger problem than the PIGGS, but the principal remains the
same - basing investment decisions on the outcome of debt negotiations is
tricky because the market has a mind of its own.
Since early 2010,
every single time the major indexes a la S&P (SNP: ^GSPC), Dow (DJI: ^DJI),
and Nasdaq (Nasdaq: ^IXIC) sold off more than a few percent, it's been blamed
on Greece. What many don't consider is that the market was helplessly
overbought in January, and April 2010 and 2011 and due for a correction anyway.
It seems like Greece has been a scapegoat more often than the actual cause.
Perhaps it's a game of chicken and the egg. Which came first?
No
Chicken-Egg Game
It has been more
beneficial and profitable to rely on solid technical analysis rather than
playing the chicken and egg game.
Technical
analysis along with sentiment readings pegged a market bottom of the same
degree at S&P 1,259 - 1,245. That was the opinion of the ETF Profit
Strategy Newsletter on June 15 (one day before the 1,258 bottom):
'The 200-day SMA
at 1,257 is sandwiched between the 1,255 Fibonacci projection level dating back
to 2002 and this week's s1 at 1,259. Wednesday's low was at 1,261.9. If this
low is not enough, there is a strong cluster of support at 1,259 - 1,245. A
drop into the 1,259 - 1,245 range would prompt us to close out short positions
and leg into long positions' (long positions were closed out at S&P 1,345
on July 7).
There was no
fundamental good news on June 15 or 16. Some of the headlines featured on June
15 were:
'Is the bull
market over? A look at four different sentiment measures suggests that more
pain may await investors.' - Barrons
'Greek default
could trigger chain reaction' - AP
'Confidence is
eroding among U.S. factories, consumers' – Bloomberg …’
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown , predicting
the global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse ,
provides the clues and the road map, with charts, of how my indicators
successfully predicted the meltdown that occurred in the fall of 2008. This
book is a guide for detecting the next crisis whenever it occurs. History
repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined: “Return of the Double-Dip.” At the time,
economists were looking for a great economy in the second half. Now they talk
about a “soft patch.” Over the past 33 years, we have called the start of
every recession, often on the exact month, or within one month, of the official
start as determined one year later by the official arbiter of recession, the
National Bureau of Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next
step will be for them to substantially reduce earnings forecasts for the
S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Bert
Dohmen is editor of the Wellington
Letter and author of Financial Apocalypse.’
Why Apple,
Google And EBay Will Slash And Burn Investors
[$$] Time to Pluck Apple?
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of government cover-ups,
notably by even the DOJ. You’ll recognize some familiar names (ie., Alito,
Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some
familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t
ops, bribes, etc.). [Did you know this about the following ATF Agents who were
probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan &
Conway LeBleu: Died February 28, 1993 by gunfire at
Waco. All four were examined by a pathologist and died from identical wounds to
the left temple. All four had been body guards for Bill Clinton, three while
campaigning for President and when he was Governor of Arkansas.They also were
the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut.
The files below the horizontal rule are the referenced documents as filed.
(Owing to the damage to the financial interests of both the U.S. and the
District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar) .
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page 1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- http://www.albertpeia.com/crossexamofcoanbypeia.pdf
] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being inept [ I looked in on the one mob case he had brought,
bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met
outside of court the judge Ackerman through a client) was absolute bedlam
and a total joke since incompetent corrupt Alito brought in all 20 mob
defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
7-20-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
Stocks
had best day of 2011 They were boosted by a potential breakthrough on debt
and upbeat corporate earnings reports. (Washington Post) [ Take this run-up as
a gift based on fraudulent wall street b***s*** alone and take this opportunity
to sell / take profits / ‘sell today if you missed may and then go away’!
Nothing has been solved; maybe forestalled. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Huge suckers’ rally to keep
the suckers suckered in this market based upon backward looking data discounted
multiple times to the upside (including the apple numbers as recently as last
week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded
QE results, and b***s*** alone. This is an especially great opportunity to sell
/ take profits since there’s much, much worse to come! Why Apple,
Google And EBay Will Slash And Burn Investors IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was trading
at 11,357 levels at the beginning of the year 2000. More than a decade later
(as of beginning July 2011), the index is at 12582. Therefore, the index has
gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
7-19-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Huge suckers’ rally to keep the suckers
suckered in this market based upon backward looking data discounted multiple
times to the upside (including the apple numbers as recently as last week on
‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded QE
results, and b***s*** alone. This is an especially great opportunity to sell /
take profits since there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
7-18-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.usinflationcalculator.com
7-15-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are churnin’
and earnin’ like never before at lightning computerized speeds enabling the
high-frequency trades that are commissioned in unprecedented large volumes; a
big net negative in real economic terms.]
Check out this inflation calculator: http://www.usinflationcalculator.com
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Full moon and fraudulent wall street, get this, rallies on not as
bad as expected EU stress tests and better than expected google results but
forget the dire consumer (recession level) consumer sentiment number ‘cause
after all, consumer spending just a paltry 70% of GDP. Think about this: short-lived Pavlov dog
rally (the conditioned stimulus) on hopes for more welfare for wall street and
some good results in communist China. This despite the previous failure of QE
for everyone but the frauds on wall street and ultimately, though
circumlocuted, at great taxpayer expense. Titans of capitalism? How ‘bout the
biggest unprosecuted frauds in the world. Preposterous! Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person
with courage enough to stand up and explain to all that these huge
commissionable computerized trading volumes like never before are a net
negative in a very big way … that’s a fact … that’s economic reality in real
terms!
7-14-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
7-13-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Think about this: short-lived Pavlov dog rally (the conditioned
stimulus) on hopes for more welfare for wall street and some good results in
communist China. This despite the previous failure of QE for everyone but the
frauds on wall street and ultimately, though circumlocuted, at great taxpayer
expense. Titans of capitalism? How ‘bout the biggest unprosecuted frauds in the
world. Preposterous! Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person
with courage enough to stand up and explain to all that these huge
commissionable computerized trading volumes like never before are a net
negative in a very big way … that’s a fact … that’s economic reality in real
terms! … Trade deficit up, growth predictions by fed
scaled down [ do you recall how many upside market points for the false, more
positive growth projections by the ‘no-recession’ fed, then there’s also the
costly, hyperinflationary failed QE hopes, more fed jawboning rallies the
frauds on wall street off their lows to keep suckers suckered – they all belong
in jail! Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter
Gorenstein
7-12-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God bless us
everyone’! … As if we didn’t already
know / feel it! ]
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Trade deficit up, growth predictions by fed scaled down [ do you
recall how many upside market points for the false, more positive growth
projections by the ‘no-recession’ fed, then there’s also the costly,
hyperinflationary failed QE hopes, more fed jawboning rallies the frauds on
wall street off their lows to keep suckers suckered – they all belong in jail!
] STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far
worse than expected (and in this pre-election year the reality is still far
worse than reported), yet stocks still rallied off lows to keep suckers sucked
in to this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Previous:Stocks
rally on jersey-based, former Lautenberg ADP still paltry, better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse
than expected; and, don’t forget, these are desperate ‘pre-election times’ when
regardless of factual reality (ie., fake reports, data, as, ie., ‘wobama
hometown’ corrupt chicago ISM is up as even their youth gangs are showing
increased criminal activity which probably accounts for the rise; ie., meth,
crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
Talk about milking the greek crisis for the umpteenth time a so-called solution
(and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘ but it’s great press for
the churn and earn and to keep the suckers suckered. Technology rally? Defacto
bankrupt american technology is horrendous but great sizzle for the new fraud
as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s.
factor. The rally into the close and the
previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. 7-11-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God bless us
everyone’! … As if we didn’t already
know it / feel it! ]
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far
worse than expected (and in this pre-election year the reality is still far
worse than reported), yet stocks still rallied off lows to keep suckers sucked
in to this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on jersey-based, former Lautenberg ADP still
paltry, better than expected 157,000 private jobs number and one’s got to
wonder ‘who got paid’, one way or another, for the fudge. Then there’s the
horrific ‘american tech’. Retail? The defacto bankrupt government’s probably
buying with money they don’t have, at best; and, as with other data in these
desperate pre-election-year times, plain false, falsified, fudged, spun.
Previous day, all bad news … from eurozone (protugal, et als), to asia zone (china
worse than expected), to america (where to begin, from defacto bankruptcy, to
debased currency, to insurmountable debt / dervice, to pervasive corruption,
etc.) … stocks rally on fraud and b***s*** alone. Previous,
higher oil price rally, along with Netflix ‘technology rally’ … Don’t make me
laugh! … Total desperation on wall street and in Washington … How pathetic! … Jobless
claims at 428,000 much worse than expected; and, don’t forget, these are
desperate ‘pre-election times’ when regardless of factual reality (ie., fake
reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even
their youth gangs are showing increased criminal activity which probably
accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged
/ faked / spun. Foreclosure, distressed sales up, at least on paper with
contracts signed, so no surprise nor reason to cheer here, as markets worldwide
jump on the american crazy train for a short-lived bounce as all problems
remain. This is the same month end (and
quarter, half) spurt / window dressing based on b***s*** alone to keep the
suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘ but it’s great press for the churn and earn and to keep the
suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day)
‘rally’ was based on b***s*** alone to keep the suckers suckered and for
‘smarter money ‘ along with the frauds to sell into. This is an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
7-8-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far
worse than expected (and in this pre-election year the reality is still far
worse than reported), yet stocks still rallied off lows to keep suckers sucked
in to this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally
on jersey-based, former Lautenberg ADP still paltry, better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse
than expected; and, don’t forget, these are desperate ‘pre-election times’ when
regardless of factual reality (ie., fake reports, data, as, ie., ‘wobama
hometown’ corrupt chicago ISM is up as even their youth gangs are showing
increased criminal activity which probably accounts for the rise; ie., meth,
crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
Talk about milking the greek crisis for the umpteenth time a so-called solution
(and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘ but it’s great press for
the churn and earn and to keep the suckers suckered. Technology rally? Defacto
bankrupt american technology is horrendous but great sizzle for the new fraud
as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s.
factor. The rally into the close and the
previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this week,”
Brooks said. “They’re vastly underestimating the source of piolitical risk
here. We could have a major problem, I think, either this summer or the next
couple years. And I’d be worried about investing too much in the market. That’s
my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009
7-7-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Stocks rally on jersey-based, former Lautenberg ADP still
paltry, better than expected 157,000 private jobs number and one’s got to
wonder ‘who got paid’, one way or another, for the fudge. Then there’s the
horrific ‘american tech’. Retail? The defacto bankrupt government’s probably
buying with money they don’t have, at best; and, as with other data in these
desperate pre-election-year times, plain false, falsified, fudged, spun.
Previous day, all bad news … from eurozone (protugal, et als), to asia zone
(china worse than expected), to america (where to begin, from defacto
bankruptcy, to debased currency, to insurmountable debt / dervice, to pervasive
corruption, etc.) … stocks rally on fraud and b***s*** alone.
Previous, higher oil price rally, along with Netflix ‘technology rally’ … Don’t
make me laugh! … Total desperation on wall street and in Washington … How
pathetic! … Jobless claims at 428,000 much worse than expected; and,
don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived bounce
as all problems remain. This is the same
month end (and quarter, half) spurt / window dressing based on b***s*** alone
to keep the suckers suckered and an especially great time to sell / take
profits since there’s much worse to come! Talk about milking the greek crisis
for the umpteenth time a so-called solution (and there are loads of greecy
scenarios worldwide … I don’t think so
and neither does Schaeffer who says: ‘ but it’s great press for the churn and earn and to keep the
suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day)
‘rally’ was based on b***s*** alone to keep the suckers suckered and for
‘smarter money ‘ along with the frauds to sell into. This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin
‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
7-6-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! All bad news … from eurozone (protugal, et als), to asia zone
(china worse than expected), to america (where to begin, from defacto
bankruptcy, to debased currency, to insurmountable debt / dervice, to pervasive
corruption, etc.) … stocks rally on fraud and b***s*** alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the
same month end (and quarter, half) spurt / window dressing based on b***s***
alone to keep the suckers suckered and an especially great time to sell / take
profits since there’s much worse to come! Talk about milking the greek crisis
for the umpteenth time a so-called solution (and there are loads of greecy
scenarios worldwide … I don’t think so
and neither does Schaeffer who says: ‘ but it’s great press for the churn and earn and to keep the
suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day)
‘rally’ was based on b***s*** alone to keep the suckers suckered and for
‘smarter money ‘ along with the frauds to sell into. This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come!
7-5-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Higher
oil price rally, along with Netflix ‘technology rally’ … Don’t make me laugh! …
Total desperation on wall street and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the
same month end (and quarter, half) spurt / window dressing based on b***s***
alone to keep the suckers suckered and an especially great time to sell / take
profits since there’s much worse to come! Talk about milking the greek crisis
for the umpteenth time a so-called solution (and there are loads of greecy
scenarios worldwide … I don’t think so
and neither does Schaeffer who says: ‘ but it’s great press for the churn and earn and to keep the
suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day)
‘rally’ was based on b***s*** alone to keep the suckers suckered and for
‘smarter money ‘ along with the frauds to sell into. This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast
turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul
B. Farrell , MarketWatch SAN LUIS
OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You heard
me: Block the debt ceiling vote. Don’t raise it. America’s out-of-control. A
debt addict. Time to detox. Deal with the collateral damage before it’s too
late.
We
need to fix America’s looming credit default, failing economy and our
screwed-up banking system. Now, with a Good Depression. If we just kick the can
down the road one more time, we’ll be trapped into repeating our 1930’s
tragedy, a second Great Depression.
Barton Biggs: U.S. needs massive public works program The U.S. needs to invest in a massive public works
program, and rich people and corporations should pay more taxes. Barton Biggs,
of Traxis Partners, shares his views with the Simon Constable.
Yes,
depression. Spelled: d-e-p-r-e-s-s-i-o-n. Wake up America, recessions do not
work. Won’t work in the future. Remember that 30-month recession after the
dot-com crash? Didn’t work. Why? Because in the decade since that 2000 peak,
Wall Street’s lost an inflation–adjusted 20% of America’s retirement money.
And
what about the so-called Great Recession of the 2008 credit meltdown? Didn’t
work either. In fact, made matters worse: Wall Street got richer by stealing
from the other 98% of Americans, the middle class, the poor. And now their
conservative puppets in Washington want to make matters worse, widening the
wealth gap further to benefit the Super Rich.
Seems
nobody really gives a damn about our great nation any more. America’s now a
capitalists anarchy: “Every (rich) man for himself.” Proxy battles are fought
by high-priced lobbyists in a broken political system. America needs a 21-gun
wake-up call. Yes, that’s why America needs a Good Depression. The economy’s
bad now. But kicking the can down the road again will make matters much worse
later.
America’s leaders lost their moral compass, lack a
public conscience This
is not our first call for a Good Depression. As early as 2005 we began
reporting on excessive debt. In November 2007 we warned of a crash dead ahead.
The subprime credit meltdown had been accelerating for many months, although
for a year our leaders kept misleading Americans: Fed Chairman Ben Bernanke’s
“it’s under control.” Treasury Secretary Henry Paulson’s delusional “best
economy I’ve ever seen in my lifetime.”
In
August 2008 came the original of our seven reasons why America needs a Good
Depression. Yes August, just two months before Wall Street banks collapsed into
de facto bankruptcy, after many warnings predicting a crisis. This was no Black
Swan. In September 2008 we reported on Naomi Klein, author of “Shock Doctrine:
The Rise of Disaster Capitalism,” warning of Wall Street’s insidious plan to
take over America:
“Nobody
should believe the overblown claims that the market crisis signals the death of
‘free market’ ideology.” Then as the meltdown went nuclear, Klein warned: “Free
market ideology has always been a servant to the interests of capital, and its
presence ebbs and flows depending on its usefulness to those interests. During
boom times, it’s profitable to preach laissez faire, because an absentee
government allows speculative bubbles to inflate.”
But
“when those bubbles burst, the ideology becomes a hindrance, and it goes
dormant while big government rides to the rescue. But rest assured,” she
predicted, Reaganomics “ideology will come roaring back when the bailouts are
done. The massive debts the public is accumulating to bail out the speculators
will then become part of a global budget crisis that will be the
rationalization for deep cuts to social programs, and for a renewed push to
privatize.”
Totally predictable: No Black Swans in 2000, 2008 …
nor in 2012 Yes,
all was predictable: The events of the past few years were well known in
advance. In fact, the events of the entire decade were predictable. The rich
got richer off the backs of the middle class and the poor. Why? “There’s class
warfare all right,” warns Warren Buffett. “But it’s my class, the rich class,
that’s making war, and we’re winning.”
And
they are also blind and deaf to the havoc their free-market Reaganomics
policies are creating, selfishly undermining America, the world’s greatest
economic power.
Lessons
learned? Zero. Why? Wall Street, Washington and Corporate America are focused
on one narrow-minded short-term strategy: Economic g-r-o-w-t-h, bull markets,
megabonuses, tax cuts. In good times they tout “free markets.” But when greed
bombs, they throw free-market “principles” under the Reagan Revolution bus and
unleash their mercenary lobbyists to go whining to Congress for huge taxpayer
bailouts and access at the Fed discount window, to siphon off more taxpayer
money. And they’ll do it again soon,
Wall
Street and their cronies are doing such a miserable job, America needs a new
strategy: First, stop “kicking the can down the road.” Let a good old-fashioned
Good Depression do the job that our hapless, happy-talking leaders refuse to
do. Take our medicine. Let a new depression clean house and reawaken Americans
to core values.
Trust
me folks, it’s either a Good Depression now … or a Great Depression 2. Here are
seven reasons favoring the do-it-now strategy:
7-1-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the
same month end (and quarter, half) spurt / window dressing based on b***s*** alone
to keep the suckers suckered and an especially great time to sell / take
profits since there’s much worse to come! Talk about milking the greek crisis
for the umpteenth time a so-called solution (and there are loads of greecy
scenarios worldwide … I don’t think so
and neither does Schaeffer who says: ‘ but it’s great press for the churn and earn and to keep the
suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day)
‘rally’ was based on b***s*** alone to keep the suckers suckered and for
‘smarter money ‘ along with the frauds to sell into. This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His technical
indicators suggest that the market manipulation we’ve seen over the last
several months is about to come to an end…and that means thousands of investors
are about to get clobbered. This correction could begin as soon as June 30th – so it’s important that you take action now to
prepare yourself. StealthStocksOnline.com
STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast
turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
S&P Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes!
Jobless claims at 428,000 much worse than expected; and, don’t forget, these
are desperate ‘pre-election times’ when regardless of factual reality (ie.,
fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as
even their youth gangs are showing increased criminal activity which probably
accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged
/ faked / spun. Foreclosure, distressed sales up, at least on paper with
contracts signed, so no surprise nor reason to cheer here, as markets worldwide
jump on the american crazy train for a short-lived manipulated bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
]
At first
glance, an auspicious close to both QE2 and the second quarter. Investors
cheered news that Greece would avoid a near-term default on its debt. Still
take a close look at the historical tight correlation between the S&P 500
and the four-week rolling average for initial jobless claims, and the equity
recovery could be a temporary blip.
http://blogs-images.forbes.com/maureenfarrell/files/2011/06/6-30MFjobless.png
6-1-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
]
Dow
Down 280: Stocks Tumble as Bulls Throw in the Towel on Jobs The Daily
Ticker (6/1/11) Top
3 Reasons Markets Got Drop Kicked After Horrible Jobs and Manufacturing Data
Wall St. Cheat Sheet U.S.
Markets and ETFs Stumble On Weak Economic Data ETF Trends / [
What a difference a day makes: previous (May 31,2011) Globally, and in
fraudulent america particularly, the stock markets / bourses are a total joke
as they try to window dress their end of month figures based on b*** s***
alone. We’ve seen this before as it played out in the prior phase of this
ongoing financial crisis. Shiller Home Price Index comes in at 100% worse than
expectations … and don’t forget, that includes the dollar debasing realities
which makes this report even more dire. Take this ‘me too’ pop on fraudulent
wall street as an especially great opportunity to sell, take profits since
there is much, much worse to come. Remember: ‘sell in May and go away’ … so …
don’t be a lune, loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
The
Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Street Talk ‘
*The bottom
line all talks of cuts is less federal, state and local spending. Removes money
from income total for the nation.
*Meanwhile,
cost of healthcare, food, transportation continues to rise squeezing
middle class.
*The yield on
10 year Treasuries is 3.11% and trending lower in anticipation soifter economy.
*Housing
market could continue weak for some years, not months, affecting millions of
ordinary Americans.
* Price of crude
oil makes gasoline expensive and brings demand destruction.
* Stocks rally
now over 2 years old. Commodities have also run up bigtime.
* China trying
to slow its economic growth and having difficulty doing so.
*Europe facing
costly bailouts troubled nations and weaker financial institutions.
*Showdown over
Palestinian state could lead to another outbreak hostilities in the Middle
East.
*If US, Europe
and China slowing what are the prospects for global economy, corporate profits,
market valuations?
*Japan badly
hurt by earthquake and tsumami.
*Trade volumes
decline more sharply than output during downturns according to The Economist.
*But OECD
predicts GDP up 4.2% and trade volumes gain 8%.
5-31-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
]
Globally, and in fraudulent america
particularly, the stock markets / bourses are a total joke as they try to
window dress their end of month figures based on b*** s*** alone. We’ve seen
this before as it played out in the prior phase of this ongoing financial
crisis. Shiller Home Price Index comes in at 100% worse than expectations … and
don’t forget, that includes the dollar debasing realities which makes this
report even more dire. Take this ‘me too’ pop on fraudulent wall street as an
especially great opportunity to sell, take profits since there is much, much
worse to come. Remember: ‘sell in May and go away’ … so … don’t be a lune,
loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
The
Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Street Talk ‘
*The bottom
line all talks of cuts is less federal, state and local spending. Removes money
from income total for the nation.
*Meanwhile,
cost of healthcare, food, transportation continues to rise squeezing
middle class.
*The yield on
10 year Treasuries is 3.11% and trending lower in anticipation soifter economy.
*Housing
market could continue weak for some years, not months, affecting millions of
ordinary Americans.
* Price of
crude oil makes gasoline expensive and brings demand destruction.
* Stocks rally
now over 2 years old. Commodities have also run up bigtime.
* China trying
to slow its economic growth and having difficulty doing so.
*Europe facing
costly bailouts troubled nations and weaker financial institutions.
*Showdown over
Palestinian state could lead to another outbreak hostilities in the Middle East.
*If US, Europe
and China slowing what are the prospects for global economy, corporate profits,
market valuations?
*Japan badly
hurt by earthquake and tsumami.
*Trade volumes
decline more sharply than output during downturns according to The Economist.
*But OECD
predicts GDP up 4.2% and trade volumes gain 8%.
The
Beginning of the End of QE2 and 18 Other Issues Making Investors Nervous Tue
May 31st, 2011Lloyd
Khaner Lloyd's Wall of Worry remains relatively high, meaning now is the
time to look for stock market bargains.
now QE2 countdown clock .)first LinkedIn
(LNKD It's about
how hard you can get it and keep moving forward. How much you can take and keep
moving forward ." For what it’s worth, my money’s on Japan moving
forward "Green Acres is the place for me." “Animal House, Animal House.” Lloyd
Khaner prices
http://image.minyanville.com/assets/FCK_Jan2011/Image/Lila2/Wall.May31.jpg ‘
5-27-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington
Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm
) ]
YAHOO
[BRIEFING.COM] ‘…Pending home sales for April plummeted a much
sharper-than-expected 11.6%…’ Debased dollar, hyperinflationary realities
and expectations rallies stocks on the
bad news. Jobless
Claims Rise 10,000 First
Quarter GDP Stalls Nothing
New In GDP Update, U.S. Grew At 1.8% In Q1
[ Economic data bad and worse than expected … stocks rally on the worse
than expected news as suckers’ rally to keep the old suckers and get new
suckers sucked in. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. ]
5-26-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored as to size by google
which is typical for google as nsa / cia / gov’t shill as more are becoming
aware of. The same is true for microsoft, another co. that’s seen their best
days and relies on the government to maintain their monopoly. Up to now the
better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but without
formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11 - you must be logged in
- (Washington
Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 as the new year
starts anew (and prospectively archived by quarter): http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf ]
Jobless
Claims Rise 10,000 First
Quarter GDP Stalls Nothing
New In GDP Update, U.S. Grew At 1.8% In Q1
[ Economic data bad and worse than expected … stocks rally on the worse
than expected news as suckers’ rally to keep the old suckers and get new
suckers sucked in. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. ]
4-1-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored as to size by google
which is typical for google as nsa / cia / gov’t shill as more are becoming
aware of. The same is true for microsoft, another co. that’s seen their best
days and relies on the government to maintain their monopoly. Up to now the
better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but without
formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11 - you must be logged in
- (Washington
Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 as the new year
starts anew (and prospectively archived by quarter): http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf ]
[ Drudgereport: GALLUP:
Unemployment at 10.0%; underemployment 19.3%... Who do you believe? ] … particularly that huge fudge factor; viz.,
that ubiquitous 'stopped looking' category … granted there are some
'window-dressing' jobs created at huge uneconomic cost with the reality going
something like this: government give contract to company that will cover the
costs of the domestic jobs created using funds they don't really have
(borrowed, one way or another, and piled on to the already insurmountable debt
of a nation that is already defacto bankrupt), to produce goods which could be
produced better and cheaper elsewhere (there isn't anything that can't be
produced outside this country better, more efficiently, and cheaper). This is
doubly inflationary since, first, the goods are uneconomically more costly, and
second, whether borrowed or printed, the increased paper and lesser real value
thereof is also inflationary. That said, I don't even believe their headline
number and the unemployment rate they give is irrelevant and wholly inaccurate
(that 'stopped looking fudge factor', etc.). Then there is the b*** s***
concerning treasury turning a profit on the (ongoing fed / pomo / wall street)
bailouts that taxpayers have and will continue to pay for in higher prices from
oil to grains to other commodities to fewer jobs, now and in the future. There
is no modern day alchemy that 'spins more paper into gold'. That value has to
come from some place; viz., you! Light
Volume Rally Continues: Dave's Daily ' ...The Fed has injected $500 billion
(another $7B in POMO Wednesday) to the financial system since January
2011 and that wave of liquidity is overwhelming most thoughtful analysis... Sure it's the end of the quarter and a jam-job to
close things out puts a smile on investors' faces and bonuses in portfolio
managers' pockets. Painting the tape and window dressing is against the law …
ADP data has misled before but Wall Street is awash with cash from on high and
finds little other place to invest beyond stocks...' M&A,
Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money--nifty trick eh? With all the geopolitical and nuclear events
going on little noticed was Fed "stress tests" of financial
institutions to see if they were healthy enough to buy back shares and pay
dividends. Making the matter sinister and less transparent is their gag order
on the entire process. The Fed also has some toxic waste they'd like to sell you’ … 19
Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems Most Americans don't understand what the Fed
Reserve is or why it is at the heart of our economic problems. When Americans
get into discussions about the economy, most of them still blame either the
Democrats or Republicans for inflation, for the housing crash, for our rampant
unemployment and for the national debt. The
Economic Collapse ]
In 1948 , U.S. Secretary of Defense James Forrestal, an opponent of
the creation of a Jewish state in Palestine, warned that, even though failure
to go along with the Zionists might cost President Truman the states of New
York, Pennsylvania, and California, it was about time that somebody should pay
some consideration to whether we might not lose the United States. Mr.
Forrestal was absolutely correct! Isn’t that exactly what’s happened to defacto
bankrupt america in intractable decline. 1948 , U.S. Secretary of Defense James Forrestal, an opponent of
the creation of a Jewish state in Palestine, warned that, even though failure
to go along with the Zionists might cost President Truman the states of New
York, Pennsylvania, and California, it was about time that somebody should pay
some consideration to whether we might not lose the United States. Israeli
actions over the past 53 years involving U.S. interests in the Middle East
seriously challenge the "strategic asset" premise of the Israeli
lobby. Some of these actions are compiled in the list that follows: September 1953 : Israel illegally begins to divert the waters of the
Jordan River. President Eisenhower, enraged, suspends all economic aid to
Israel and prepares to remove the taxdeductible status of the United Jewish
Appeal and of other Zionist organizations in the United States. October 1953: Israel raids the
West Bank village of Kibya, killing 53 Palestinian civilians. The Eisenhower
administration calls the raid "shocking," and confirms the suspension
of aid to Israel. July 1954: Israeli agents firebomb American and British
cultural centers in Egypt, making it look like the work of the Egyptian Muslim
Brotherhood in order to sabotage U.S.- -Egyptian relations. October 1956: Israel
secretly joins with England and France in a colonial-style attack on Egypt's
Suez Canal. Calling the invasion a dangerous threat to international order, President Eisenhower forces Israel to relinquish most of
the land it had seized. 1965: 206 pounds of weapons grade uranium disappear from
the Nuclear Materials and Equipment Corporation plant in Pennsylvania. Plant
president is Zalmon Shapiro, a former sales agent for the Israel Defense
Ministry. C.I.A. Director Richard Helms later charges that Israel stole the
uranium. March 1978: Israel invades
Lebanon, illegally using U.S. cluster bombs and other U.S. weapons given to
Israel for defensive purposes only. 1979 : Israel frustrates U.S.-sponsored Camp David Accords by
building new settlements on the West Bank. President Carter complains to
American Jewish leaders that, by acting in a "completely irresponsible
way," Israel's Prime Minister Begin continues "to disavow the basic
principles of the accords." 1979 : Israel sells U.S. airplane tires and other military
supplies to Iran, against U.S. policy, at a time when U.S. diplomats are being
held hostage in Teheran. July
1980 : Israel annexes East
Jerusalem in defiance of U.S. wishes and world opinion. July 1981 :
Illegally using U.S. cluster bombs and other equipment, Israel bombs P.L.O.
sites in Beirut, with great loss of civilian life. December 1981 :
Israel annexes Syria's Golan Heights, in violation of the Geneva Convention and
in defiance of U.S. wishes. June
1982 : Israel invades Lebanon a
second time, again using U.S. cluster bombs and other U.S. weapons. President
Reagan calls for a halt of all shipments of cluster bomb shells to Israel. September 1982 :
Abetted by Israeli forces under the control of Defense Minister Ariel Sharon,
Lebanese militiamen massacre hundreds of Palestinians in Beirut's Sabra and
Shatila refugee camps. President Reagan is horrified and summons the Israeli
ambassador to demand Israel's immediate withdrawal from Beirut. September 1982 :
Israeli Prime Minister Menachem Begin rejects President Reagan's Peace Plan for
the occupied territories . January-March 1983 : Israeli army "harasses" U.S. Marines in
Lebanon. Defense Secretary Caspar Weinberger confirms Marine commandant's
report that "Israeli troops are deliberately threatening the lives of
American military personnel . . . replete with verbal degradation of the
officers, their uniforms and country." March 1985 :
Israeli lobby in Washington pressures the U.S. Congress to turn down a $1.6
billion arms sale to Jordan, costing the U.S. thousands of jobs, quite apart
from the financial loss to American industry. Jordan gives the contract to
Russia. A frustrated King Hussein complains: "The U.S. is not free to move
except within the limits of what AIPAC [the Israeli lobby], the Zionists and
the State of Israel determine for it." October 1985 :
Israeli lobby blocks $4 billion aircraft sale to Saudi Arabia. The sale,
strongly backed by the Reagan administration, costs the U.S. over 350,000 jobs,
with steep financial losses to American industry. Saudi Arabia awards contract
to England. November 1985: Jonathan Jay
Pollard, an American recruited by Israel, is arrested for passing highly
classified intelligence to Israel. U.S. officials call the operation but
"one link in an organized and well-financed Israeli espionage ring
operating within the United States." State Department contacts reveal that
top Israeli defense officials "traded stolen U.S. intelligence documents
to Soviet military intelligence agents in return for assurances of greater
emigration of Soviet Jews." December 1985: U.S. Customs in three states
raid factories suspected of illegally selling electroplating technology to
Israel. Richard Smyth, a NATO consultant and former U.S. exporter, is indicted
on charges of illegally exporting to Israel 800 krytron devices for triggering
nuclear explosions. April 1986: U.S. authorities arrest 17 persons, including a
retired Israeli General, Avraham Bar-Am, for plotting to sell more than $2
billion of advanced U.S. weaponry to Iran (much of it already in Israel).
General Bar-Am, claiming to have had Israeli Government approval, threatens to
name names at the highest levels. U.S. Attorney General of New York calls the
plot mind-boggling in scope. July 1986: Assistant Secretary of State Richard
Murphy informs the Israeli ambassador that a U.S. investigation is under way of
eight Israeli representatives in the U.S. accused of plotting the illegal
export of technology used in making cluster bombs. Indictments against the
eight are later dropped in exchange for an Israeli promise to cooperate in the
case. January 1987: Israeli
Defense Minister Yitzhak Rabin visits South Africa to discuss joint nuclear
weapons testing. Israel admits that, in violation of a U.S. Senate
anti-apartheid bill, it has arms sales contracts with South Africa worth
hundreds of millions of dollars. Rep. John Conyers calls for Congressional
hearings on Israel-South Africa nuclear testing. November 1987 :
The Iran-Contra scandal reveals that it was Israel that had first proposed the
trade to Iran of U.S. arms for hostages. The scandal becomes the subject of the
Tower Commission Report, Senate and House investigations, and the Walsh
criminal prosecution inquiries. April
1988 : Testifying before U.S.
Subcommittee on Narcotics, Terrorism and International Operations, Jose
Blandon, a former intelligence aide to Panama's General Noriega, reveals that
Israel used $20 million of U.S. aid to ship arms via Panama to Nicaraguan
Contras. The empty planes then smuggled cocaine via Panama into the United
States. Pilot tells ABC reporter Richard Threlkeld that Israel was his primary
employer. The arms-for-drugs network is said to be led by Mike Harari,
Noriega's close aide and bodyguard, who was also a high officer in the Israeli
secret services and chief coordinator of Israel's military and commercial
business in Panama. June 1988 : Mubarak Awad, a Palestinian-American advocate of
nonviolence, is deported by Israel. The White House denounces the action,
saying, "We think it is unjustifiable to deny Mr. Awad the right to stay
and live in Jerusalem, where he was born." June 1988 :
Amnesty International accuses Israel of throwing deadly, U.S.-made gas
canisters inside hospitals, mosques, and private homes. The Pennsylvania
manufacturer, a major defense corporation, suspends future shipments of tear
gas to Israel. November 1989 : According to the Israeli paper Ma’ariv, U.S. officials
claim Israel Aircraft Industries was involved in attempts to smuggle U.S.
missile navigation equipment to South Africa in violation of U.S. law. December 1989 :
While the U.S. was imposing economic sanctions on Iran, Israel purchased $36
million of Iranian oil in order to encourage Iran to help free three Israeli
hostages in Lebanon. March 1990 : Israel requests more than $1 billion in loans, gifts, and
donations from American Jews and U.S. government to pay for resettling Soviet
Jews in occupied territories. President Bush responds, My position is that the
foreign policy of the U.S. says we do not believe there should be new
settlements in the West Bank or East Jerusalem. June 1990 :
Officials in the Bush administration and in Congress say that Israel has
emerged as leading supplier of advanced military technology to China, despite
U.S.'s expressed opposition to Israeli-Chinese military cooperation. September 1990 :
Israeli Foreign Minister David Levy asks the Bush administration to forgive
Israel's $4.5 billion military debt and dramatically increase military aid.
Israeli Defense Minister Moshe Arens expresses concern over expected $20
billion in U.S. arms sales to Saudi Arabia and asks for an additional $1
billion in military aid to Israel. Facing rising congressional opposition,
White House backs off from plan to sell Saudi Arabia over $20 billion in
military hardware. Bush administration promises to deliver additional F-15
fighters and Patriot missiles to Israel, but defers action on Israel's request
for more than $1 billion in new military aid. Arens questions U.S.'s commitment
to maintain Israel's military advantage in the Middle East. October 1990 :
Aliya cabinet chair Ariel Sharon encourages increase in settlement of Soviet
Jews in East Jerusalem, despite his government's assurances to the U.S. that it
would not do so. Bush sends personal letter to Prime Minister Shamir urging
Israel not to pursue East Jerusalem housing. Shamir rejects appeal. November 1990 :
In his new autobiography, former President Reagan says Israel was the
instigator and prime mover in the Iran-Contra affair and that then-Prime
Minister Shimon Peres was behind the proposal. January 1991: White House
criticizes Israeli ambassador Zalman Shoval for complaining that U.S. had not
moved forward on $400 million in loan guarantees and that Israel had not
received one cent in aid from allies to compensate for missile damage (in Gulf
War). U.S. says comments are outrageous and outside the bounds of acceptable
behavior. February 1991: Hours after long-disputed $400 million loan guarantees to
Israel are approved, Israeli officials say the amount is grossly insufficient.
Next day, Israel formally requests $1 billion in emergency military assistance
to cover costs stemming from the Gulf War. March 1991: Israeli government
rejects President Bush's call for solution to Arab-Israeli conflict that
includes trading land for peace. In a report to Congress, U.S. State Department
says Soviet Jewish immigrants are settling in the occupied territories at a
higher rate than the Israeli government claims. During tour of West Bank
settlements, Housing Minister Sharon says construction of 13,000 housing units
in occupied territories has been approved for next two years. Plans contradict
statement by Prime Minister Shamir, who told President Bush that the Israeli
government had not approved such plans. April 1991: Prime Minister Shamir and
several members of his cabinet reject U.S. Secretary of State Baker's
suggestion that Israel curtail expansion of Jewish settlements in the occupied
territories as gesture for peace. U.S. calls new Jewish settlement of Revava an
obstacle to peace and questions Israel's timing, with Secretary Baker due to
arrive in Israel in two days. Hours before Baker arrives, eight Israeli
families complete move to new settlement of Talmon Bet. U.S. ambassador to
Israel William Brown files an official protest with the Israeli government
about establishment and/or expansion of settlements in the West Bank. Housing
Minister Sharon says Israel has no intention of meeting U.S. demands to slow or
stop settlements. Secretary Baker, in a news conference before leaving Israel,
says Israel failed to give responses he needed to put together a peace
conference. May 1991 : Israeli ambassador to U.S. Zalman Shoval says his country
will soon request $10 billion in loan guarantees from Washington to aid in
settling Soviet Jewish immigrants to Israel. Secretary Baker calls continued
building of Israeli settlements ?largest obstacle? to convening proposed Middle
East peace conference. May 1991 : President Bush unveils proposal for arms control in
Middle East. U.S. administration confirms that Israel, which has not signed the
Nuclear Non-Proliferation Treaty, has objected to provision on nuclear weapons.
June 1991 : Prime Minister Shamir rejects President Bush's call for
Israeli acceptance of a greater United Nations role in proposed Arab-Israeli
peace talks. July 1991: Israeli Housing Minister Sharon inaugurates the new
Israeli settlement of Mevo Dotan in the West Bank one day after President Bush
describes Israeli settlements as counterproductive . September 1991 :
President Bush asks Congress to delay considering Israeli loan guarantee
request for 120 days. Ignoring pleas of U.S. administration, Israel formally
submits its request. Prime Minister Shamir says U.S. has a moral obligation to
provide Israel with loan guarantees, and that Israel would continue to build
settlements in the occupied territories. October 1991: The Washington Post
reports that President Bush waived U.S.-mandated sanctions against Israel after
U.S. intelligence determined that Israel had exported missile components to
South Africa. November 1991: Hours after concluding bilateral talks with Syria,
Israel inaugurates Qela, a new settlement in the Golan Heights. Secretary of
State Baker calls the action provocative. February 1992: Secretary of State
Baker says U.S. will not provide loan guarantees to Israel unless it ceases its
settlement activity. President Bush threatens to veto any loan guarantees to
Israel without a freeze on Israel’s settlement activity. March 1992 :
U.S. administration confirms it has begun investigating intelligence reports
that Israel supplied China with technical data from U.S. Patriot missile
system. April 1992: State Department Inspector issues report that the
department has failed to heed intelligence reports that an important U.S. ally
widely understood to be Israel was making unauthorized transfers of U.S.
military technology to China, South Africa, Chile, and Ethiopia. May 1992 :
Wall Street Journal cites Israeli press reports that U.S. officials have placed
Israel on list of 20 nations carrying out espionage against U.S. companies.
June 1992: U.S. Defense Department says Israel has rejected a U.S. request to
question former General Rami Dotan, who is at center of arms procurement
scandal involving U.S. contractors. July 1992: General Electric Company pleads
guilty to fraud and corrupt business practices in connection with its sale of
military jet engines to Israel. A GE manager had conspired with Israeli Gen.
Rami Dotan to divert $27 million in U.S. military aid with fraudulent vouchers.
U.S. Justice and Defense Departments do not believe that Dotan was acting in
his own interest, implying that the government of Israel may be implicated in
the fraud, which would constitute a default on Israel's aid agreements with the
U.S. June 1993: U.S. House of Representatives passes bill authorizing $80
million per year to Israel for refugee settlement; bill passes despite $10
billion in U.S. loan guarantees to Israel and against evidence from Israeli
economists that Israel no longer needs U.S. aid. October 1993: CIA informs Senate Government Affairs
Committee that Israel has been providing China for over a decade with several
billion dollars worth of advanced military technology. Israeli Prime Minister
Rabin admits Israel has sold arms to China. November 1993: CIA Director James
Woolsey makes first public U.S. acknowledgement that Israel is generally
regarded as having some kind of nuclear capability. December 1993: Time
magazine reports convicted spy Jonathan Pollard passed a National Security
Agency listing of foreign intelligence frequencies to Israel that later was
received by Soviets, ruining several billion dollars of work and compromising
lives of U.S. informants. December 1994: Los Angeles Times reports Israel has given China
information on U.S. military technology to help in joint Israeli-Chinese
development of a fighter jet .
January 1995: When Egypt threatens not to sign the Nuclear Non-Proliferation
Treaty because Israel will not sign, the U.S. says it will not pressure Israel
to sign. July 1995: U.S. Ambassador to Israel Martin Indyk demands Israel
abolish import barriers that discriminate against U.S. imports. November 1995: Israel grants citizenship to American spy
Jonathan Pollard. April 1996 :
Using U.S.-supplied shells, Israel kills 106 unarmed civilians who had taken
refuge in a U.N. peace-keeping compound in Qana, southern Lebanon. U.N.
investigators, Amnesty International, and Human Rights Watch condemn the
shelling as premeditated. The U.N. Security Council calls on Israel to pay
reparations. Resolution is vetoed by the United States. June 1996: U.S. State
Department hands Israeli defense officials classified CIA report saying Israel
has given China U.S. military avionics, including advanced radar-detection
system and electronic warfare equipment. Netanyahu says
international opposition ‘will just strengthen my resolve.’ June 1997: U.S. investigators report that two Hasidic Jews
from New York, suspected of laundering huge quantities of drug money for a
Colombian drug cartel, recently purchased millions of dollars worth of land
near the settlements of Mahseya and Zanoah. September 1997: Jewish settlers in
Hebron stone Palestinian laborers working on a U.S.-financed project to
renovate the town’s main street. David Muirhead, the American overseeing the
project, says the Israeli police beat him, threw him into a van, and detained
him until the U.S. Consulate intervened. U.S. State Department calls the
incident simply unacceptable. September 1997: Secretary of State Albright says
Israel?s decision to expand Efrat settlement is not at all helpful to the peace
process. Prime Minister Netanyahu says he will continue to expand settlements.
May 1998: 13 years after denying he was not its spy, Israel officially
recognizes Pollard as its agent in hopes of negotiating his release. June 1998:
Secretary of State Albright phones Prime Minister Netanyahu to condemn his plan
to extend Jerusalem’s municipal boundaries and to move Jews into East
Jerusalem, particularly in the area adjacent to Bethlehem. Ignoring U.S.
protests, Israel?s cabinet unanimously approves plan to extend Jerusalem's
municipal authority. August 1998: Secretary Albright tells Prime Minister
Netanyahu that the freeze in the peace process due to the settlement policy is
harming U.S. interests in the Middle East and affecting the U.S.’s ability to
forge a coalition against Iraq. September
1998: Dutch newspaper NRC Handelsblad reports that the Israeli airliner that
crashed in Amsterdam in 1992 was not carrying gifts and perfume, as the
Israelis claimed, but three of the four chemicals used to make sarin nerve gas.
According to the plane's cargo manifest, the chemicals were sent from a U.S.
factory in Pennsylvania to the top secret Israeli Institute for Biological
Research. November 1998: Israeli
Foreign Minister Sharon urges Jewish settlers to grab West Bank land so it does
not fall under Palestinian control in any final peace settlement. May 1999:
U.S. denounces Israel's decision to annex more land to the Ma'ale Adumim
settlement. June 1999: The Israeli
company Orlil is reported to have stolen U.S. night-vision equipment purchased
for the Israeli Defense Forces and to have sold it to Far Eastern countries. April 2001: Prime Minister Sharon announces plans to build
708 new housing units in the Jewish settlements of Ma'ale Adumim and Alfe
Menashe. U.S. State Department criticizes the move as provocative. May 2001:
The Mitchell Committee (headed by former U.S. Senator George Mitchell)
concludes that Jewish settlements are a barrier to peace. Prime Minister Sharon
vows to continue expanding the settlements. May 2001: U.S. is voted off the
United Nations Commission on Human Rights for the first time since the
committee's establishment in 1947. The Financial Times of London suggests that
Washington, by vetoing U.N. resolutions alleging Israeli human rights abuses,
showed its inability to work impartially in the area of human rights. Secretary
of State Colin Powell suggests the vote was because we left a little blood on
the floor in votes involving the Palestinians. September 2001: Six days after
the 9/11 terrorist attacks on America, Secretary of State Powell, when asked
why America is hated in the Arab and Muslim world, acknowledges that the deep
resentment and anger toward the United States is due to the Palestinian crisis.
November 2001: Secretary of State Colin Powell calls on Israel to halt all
settlement building which he says cripples chances for real peace and security.
Benny Elon, a right-wing minister in the Sharon government, says the settlers
aren’t worried. America has a special talent for seeing things in the short
term, he says, explaining that what Powell said he said only to get Arab
support for America’s anti-terrorism coalition against Afghanistan. March 2002:
U.N. Sec. Gen. Kofi Annan calls for immediate withdrawal of Israeli tanks from
Palestinian refugee camps, citing large numbers of Palestinians reported dead
or injured. U.S. State Dept. says the United States has contacted Israel to
urge that utmost restraint be exercised in order to avoid harm to the civilian
population. April 2002: President Bush repeatedly demands an immediate halt to
Israel's military invasion of the West Bank. Prime Minister Sharon rebuffs the
President's withdrawal demands, saying the United States and other nations
should not put any pressure upon us. April 4, 2002: President Bush demands that
Israel halt its March 29 incursion into the West Bank, withdraw immediately,
and cease all settlement building. Three days later, Secretary of State Powell
says Bush's demand was a request. June 10, 2002: Prime Minister Sharon visits
White House. When reporters ask about Israel's ongoing incursions into Palestinian
towns, President Bush says Israel has a right to defend herself. September 30,
2003: President Bush signs the Foreign Relations Authorization Act, which
identifies Jerusalem as Israel's capital. November 25, 2002. Israel asks the
U.S. for $4-billion in military aid to defray the costs of fighting terrorism,
plus $10-billion in loan guarantees to support its struggling economy. May 29,
2003: Israel announces construction of a new Jewish settlement of 230 housing
units in East Jerusalem. July 29, 2003: Sharon rejects President Bush's appeal
to halt construction of a separation wall that Israel is building on occupied
Palestinian land. October 22, 2003: Former
Navy lawyer Ward Boston, who had helped lead the military investigation into
Israel's 1967 attack on the USS Liberty, files a signed affidavit stating that
President Johnson and Secretary of Defense Robert McNamara had ordered those
heading the naval inquiry to conclude that the attack was a case of mistaken
identity, despite overwhelming evidence to the contrary. March 21, 2005: Prime Minister Sharon approves
construction of 3,500 new housing units in the Israeli settlement of Maale
Adumin to link it to East Jerusalem. The U.S. State Department has no comment.
May 2005: Newsweek reports that in the late 1990s, lobbyist Jack Abramoff
diverted more than $140,000 from charity contributions by Indian tribes to the
Israeli settlement of Beitar Illit for sniper equipment and training of settler
militias. AMEU Board of Directors Jane Adas (Vice President) Hugh D.
Auchincloss, Jr. Atwater, Bradley & Partners, Inc. Edward Dillon John
Goelet Richard Hobson, Jr. Anne R. Joyce Kendall Landis (Treasurer) Robert L.
Norberg (President) Hon. Edward L. Peck Former U.S. Ambassador Lachlan Reed
President, Lachlan International Talcott W. Seelye Former U.S. Ambassador to
Syria Donald L. Snook James M. Wall AMEU National Council Hon. James E. Akins
Isabelle Bacon William R. Chandler David S. Dodge Paul Findley Dr. Cornelius B.
Houk Cynthia Infantino O. Kelly Ingram Moorhead Kennedy Ann Kerr John J. McCloy
II David Nes Mary Norton C. Herbert Oliver Marie Petersen Dr. John C. Trever
Don M. Wagner Miriam Ward, RSM AMEU Executive Director: John F. Mahoney AMEU
grants permission to reproduce ?Lest We Forget? in part or in whole. AMEU must
be credited and one copy forwarded to our offices at 475 Riverside Drive, Room
245, New York, New York 10115-0245. Telephone: 212- 870-2053; E-mail:
[email protected] ; website: www.ameu.org.
Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo | John McCain worked overtime to
make sure Vietnam POWs never came home. I think the even bigger story vis-ŕ-vis
mccain is: http://www.albertpeia.com/heroenot.htm ‘Did you know that that so-called
"american heroe" john mccain was referred to by his fellow pows in
Vietnam as something akin to the "songbird" inasmuch as he was
constantly "singing" to his Viet-Cong captors to curry favor and
better treatment? This has been documented with authority by Colonel David
Hackworth. The same violates military code/protocol (other soldiers have been
court-martialed for far less)
click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up
scenario, compromizing the false facade of far less than a heroe, is exactly
what a criminal (lie of a) nation as america loves and encourages (get
everyone's hands dirty so no-one dares to rectify same, ie., bush, sr.,
clinton, bush, jr.). That is, "toe the (corrupt, propagandized)
line", become a criminal, or be exposed, prosecuted, and/or ruined; and,
hasn't anyone asked how "wall street" has been "spared the
spotlight" (and even was accorded protective legislation from their
criminal culpability) and focus of inquiry, attention, and prosecution despite
being the primary beneficiaries financial and otherwise of these scams (you
know the wall street motto, "churn and earn"; huge conflicts of
interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s
Nukes Out of the Shadows Israel
faces unprecedented pressure to abandon its official policy of “ambiguity” on
its possession of nuclear weapons as the international community meets at the
United Nations in New York this week to consider banning such arsenals from the
Middle East.
NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more:
Launch
of secret US space ship masks even more secret launch of new weapon
The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.” OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq
Malik CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld And don’t forget, Bruce Willis and Ben Affleck, et als, have already
done this so it’s not as if they’re starting from ‘ground zero’, so to speak;
and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the
producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to
mate with astronaut Paddy Ross who has returned from Mars as a space alien host
body. First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls -
The first man to pretend to walk on the moon blasted President Barack Obama's
decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not
going with the new movie is “devastating” to america's boondoggle spaced out
effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
Editorial: US in
quagmire Seeing the warm welcome extended to the Afghan president on his US
trip, it is hard to believe that only weeks ago Washington was seething with
anger and frustration at Hamid Karzai’s behavior and there were even dark
mutterings by US officials that he might be mad.War
in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the
point where they have spent $1trillion on the wars in Afghanistan and Iraq. Sinking
of the Cheonan: A Classic False Flag Operation Russia Today | Sinking
of the warship was really intended to convince Japan not to move US forces off
Okinawa as well as divert the attention of Americans from the dire economic
situation at home. . Israel:
IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The government of israel, aided by many
quarters of the international media, is attempting to spin today’s deadly IDF
assault on a humanitarian aid ship carrying supplies to Gaza as the fault of
the murdered activists on board the vessel, ludicrously characterizing
machine-gun carrying Israeli troops who killed over a dozen innocent people as
the victims of the incident. Murder
on the high seas JERUSALEM: Israeli marines stormed aid ships bound for
Gaza on Monday and at least 10 rights activists were killed, triggering a
diplomatic crisis and an emergency session of the UN Security Council. European
nations, as well as the United Nations and Turkey, voiced shock and outrage at
the bloody end to the international campaigners' bid to break Israel's blockade
of the Gaza StripCanada
among world's most peaceful nations The United States and Iran finished in a virtual dead
heat, and way down the list, in a magazine's assessment of the peacefulness of
121 countries. Meaningfully lawless uncivilized criminal nation america has
added their tainted touch to bring Iraq down to dead last on the list; and,
don’t forget war criminal nation america has probably played a role in Iran’s
status in light of criminal america’s op’s to destabilize Iran. In sum, the
study/ranking confirms if not understates my own direct observation and
experience with meaningfully lawless criminal america.Finland
ranks as world's sixth most peaceful country Helsingin Sanomat Norway tops
peaceful nation list, Iraq rates lowest Radio Australia Magazine's
'peace index' puts US, Iran near bottom of list, Canada ... Norway tops
peaceful nation list, Iraq (thanks to america) rates lowest Iraq (thanks to criminal nation america)
was in last place, with Sudan and international war criminal nation israel just
above. Some two-dozen indicators were used, including wars fought in the past
five years, arms sales, prison populations and incidence of crime. Britain
drops down peace table Metro, UK - May 30, 2007 The wars in Iraq
and Afghanistan have pushed Britain down into criminal america’s league of
violent/unpeaceful nations. Ghana:
World's 40th most peaceful The Statesman Online, Ghana - Scandinavian countries are the most
peaceful in the world. New Zealand ranks second and Denmark third on the list,
which notably puts Japan near the top and ... UAE Ranks Among
World's Top 50 Peaceful Countries Bernama, Malaysia - ABU DHABI, May 31 (Bernama) -- The
UAE is in the top 50 of the world's more peaceful nations, and is the third
most peaceful Gulf country, Iran,
US have something in common: Both rank high in violence Detroit Free Press The United
States and Iran finished in a virtual dead heat, and way down the list, in a
magazine's assessment of the peacefulness of 121 countries. Meaningfully
lawless uncivilized criminal nation america has added their tainted touch to
bring Iraq down to dead last on the list; and, don’t forget war criminal nation
america has probably played a role in Iran’s status in light of criminal
america’s op’s to destabilize Iran. In sum, the study/ranking confirms if not
understates my own direct observation and experience with meaningfully lawless
criminal america. New
Peace Index Ranks US Among Worst Nations Chosun
Ilbo, South Korea - A new study has ranked Norway as the most
peaceful country in the world, while placing the US near the bottom. US
ranks low, just above Iran on peace index China
Daily, China - WASHINGTON - The United States is among the
least peaceful nations in the world, ranking 96th between Yemen and Iran,
according to a new index released on 5-31-07. The data were drawn
from the United Nations, the World Bank, peace groups and the magazine
researchers' own assessments, Williamson said. "We are just mechanics and
technicians behind the index," he said. Norway was rated as the country
most at peace, followed by New Zealand, Denmark, Ireland and Japan. Canada
placed eighth, behind Finland and Sweden. Iraq was in last place, with Sudan
and international war criminal nation israel just above. The united states is among the least
peaceful nations in the world. Some two-dozen indicators were used, including wars fought in the
past five years, violence, organized crime, arms sales, prison populations and
incidence of crime. In sum, the study/ranking confirms if not understates my own direct
observation and experience with meaningfully lawless criminal america.
10
Most peaceful The least peaceful 97.
united states Violent Crime Up For Second Year 'COUNTDOWN' TO ISRAEL'S END Former FBI head louie freeh,
considered the most corrupt (and also the dumbest) director in FBI history,
realizing it’s all coming back on him, the corrupt, incompetent jersey city
boy, with few legitimate marketable skills, bought and paid for, cashed out and
who endorses mob man Giuliani for 2008...
Judicial Watch ... friendly page For Immediate Release Oct 8, 2002 Contact:
Press Office 202-646-5188 LOUIS FREEH WILL NOT ESCAPE ACCOUNTABILITY Judicial
Watch Lawsuits and Investigations Seek To Hold Him ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/2619.shtml - Click here
LOUIS FREEH WILL NOT
ESCAPE ACCOUNTABILITY ... For Immediate Release Oct 8, 2002 Contact: Press Office
202-646-5188 LOUIS FREEH WILL NOT ESCAPE ACCOUNTABILITY Judicial Watch Lawsuits
and Investigations Seek To Hold Him Accountable ... Description: no description http://www.judicialwatch.org/printer_2619.shtml
- Click here
Judicial Watch ... CASE BY ENERGY DEPARTMENT WHISTLEBLOWER TO PROCEED
AGAINST FORMER FBI DIRECTOR LOUIS FREEH NOTRA TRULOCK ALLEGES ILLEGAL FBI
SEARCH AND SEIZURE IN RETALIATION FOR ARTICLE CRITICAL OF ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/1107.shtml - Click here
JUDICIAL WATCH
VICTORY: APPEALS COURT ALLOWS CIVIL RIGHTS CASE BY ENERGY DEPARTMENT
WHISTLEBLOWER TO PROCEED AGAINST FORMER FBI DIRECTOR LOUIS FREEH ... CASE BY ENERGY DEPARTMENT WHISTLEBLOWER TO PROCEED
AGAINST FORMER FBI DIRECTOR LOUIS FREEH NOTRA TRULOCK ALLEGES ILLEGAL FBI
SEARCH AND SEIZURE IN RETALIATION FOR ARTICLE CRITICAL OF ... Description: no description http://www.judicialwatch.org/printer_1107.shtml
- Click here
Judicial Watch ... BUSH ADMINISTRATION EFFORT TO BLOCK CIVIL RIGHTS SUIT
AGAINST FORMER FBI DIRECTOR LOUIS FREEH BY ENERGY DEPARTMENT WHISTLEBLOWER
NOTRA TRULOCK (Washington, DC) Judicial Watch also announced ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/1761.shtml - Click here
Judicial Watch ... Contact: Press Office 202-646-5188 SUPREME COURT RULES
AGAINST FORMER FBI DIRECTOR LOUIS FREEH Judicial Watch Wins Victory on Behalf
of Client Notra Trulock Case to Proceed to Discovery ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/2814.shtml - Click here
JUDICIAL WATCH
VICTORIES ... BUSH ADMINISTRATION EFFORT TO BLOCK CIVIL RIGHTS SUIT
AGAINST FORMER FBI DIRECTOR LOUIS FREEH BY ENERGY DEPARTMENT WHISTLEBLOWER
NOTRA TRULOCK (Washington, DC) Judicial Watch also announced ... Description: no description http://www.judicialwatch.org/printer_1761.shtml
- Click here
SUPREME COURT RULES
AGAINST FORMER FBI DIRECTOR LOUIS FREEH ... Contact: Press Office 202-646-5188 SUPREME COURT RULES
AGAINST FORMER FBI DIRECTOR LOUIS FREEH Judicial Watch Wins Victory on Behalf
of Client Notra Trulock Case to Proceed to Discovery ... Description: no description http://www.judicialwatch.org/printer_2814.shtml
- Click here
Judicial Watch ... directed against him by Clinton administration
officials, former FBI Director Louis Freeh, and the now thoroughly discredited
FBI. Trulock’s First Amendment rights were violated by ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/3431.shtml - Click here
JUDICIAL WATCH
VICTORY: JUDGE ORDERS CIA TO PRODUCE TRULOCK DOCUMENTS FOR REVIEW ... directed against him by Clinton administration
officials, former FBI Director Louis Freeh, and the now thoroughly discredited
FBI. Trulock’s First Amendment rights were violated by ... Description: no description http://www.judicialwatch.org/printer_3431.shtml
- Click here
Judicial Watch ... Circuit. This reinstated case involves Trulock's claims
against former FBI Director Louis Freeh for violating his constitutional
rights. “The Bush Justice Department feared that if the Trulock ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/1431.shtml - Click here
Judicial Watch ... wiretap warrant applications by FBI agents (signed-off
by the former FBI Director, Louis Freeh) to the Foreign Intelligence
Surveillance Act (FISA) Court. Prior to September 11th, SA Wright ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/2469.shtml - Click here
Judicial Watch ... waiting for documents to be produced by the government.
Notra Trulock’s case against Louis Freeh was settled in early 2004. Notra
Trulock’s case against Wen Ho Lee ended with a summary judgment ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/ntrulock.shtml - Click here
TRULOCK CASE AGAINST
WEN HO LEE DISMISSED AT REQUEST OF PRESIDENT BUSH ... Circuit. This reinstated case involves Trulock's claims
against former FBI Director Louis Freeh for violating his constitutional
rights. “The Bush Justice Department feared that if the Trulock ... Description: no description http://www.judicialwatch.org/printer_1431.shtml
- Click here
FBI AGENT ROBERT
WRIGHT SAYS FBI AGENTS ASSIGNED TO INTELLIGENCE OPERATIONS CONTINUE TO PROTECT
TERRORISTS FROM CRIMINAL INVESTIGATIONS AND PROSECUTIONS ... wiretap warrant applications by FBI agents (signed-off
by the former FBI Director, Louis Freeh) to the Foreign Intelligence
Surveillance Act (FISA) Court. Prior to September 11th, SA Wright ... Description: no description http://www.judicialwatch.org/printer_2469.shtml
- Click here
Notra Trulock v.
Wen Ho Lee, et al. http://www.judicialwatch.org/printer_ntrulock.shtml -
Click here
REPORT: FBI
Videotape shows Sharpton cutting a deal...
(1-7-08)
With sloth-like reflexes and speed the lazy, fallible frauds on wall street now
recognize, yes we’re already in a recession. Forget Bulls/Bears. Their new mascot: 
![second chart).]](http://albertpeia.com/Documents%20and%20SettingsalbertpeiaMy%20Documentsbear_markets_table_2.jpg){kind=link}