The following 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 Obama Deception’ http://www.youtube.com/watch?

v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext
_from=PL&index=0&playnext=1 – well worth the view.

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.

Falling Dollar, Falling Crude, Falling Gold...Falling Equities Drogen ‘…

Correlations got crushed yesterday morning, which I believe is why we saw
the sell off in equities. Gold is getting smacked back down below the 50
day moving average along with the US Dollar index. Crude is getting
eviscerated for more than 4% breaking down out of its big bear flag. The
economic numbers were awful again, and they will continue to get worse.
The liquidity fueled bounce in global assets is obviously over and we are
seeing longer term holders exit now. The question I will ask though, why
did the dollar fall yesterday on the news while the long bond surged and
equities and energy dropped? The answer I believe is that the economic
data is getting so bad that traders are starting to think Ben Bernanke may
get back up in his helicopter and start raining liquidity on this market
again. The government is afraid to hell that their reflation game is over.
Maybe we get stimulus 2.0, not that the first one did anything significant.
Our government is panicking and they really don’t have any good options.
Europe isn’t doing them any help by leaving the reflation team for the
austerity squad. Going even further, Bernanke doesn’t have a playbook for
this part of the game. He knew exactly what he needed to do at the bottom
in 08-09 based on his study of the Great Depression, but there is no good
model to guide him on what to do after the reflation has taken place. In my
mind, he can either start printing a crazy amount of money again and hyper
inflate away the debt, or we are headed for a long period of deflation a la
Japan, the more likely scenario. So why is the dollar falling? Well I think
yesterday some people may have gotten it in their mind that Bernanke and
Obama may start up the printing presses again. What doesn’t jive though,
is the fact that crude has not bounced. The real state of the economy, and
the global economy for that matter, is getting worse quickly…’

Incredible Stock Market Performance: Dave's Daily ‘It is an incredible

performance Mr. Market has put on this week and there's still the
grand finale with Friday's employment report…There isn't a shred of
good news to be found unless you like low mortgage rates. This
week's economic data and news releases have been dreadful overall
and Thursday was no exception. Pending Home Sales fell off a cliff
and Jobless Claims were worse than expected as well …’

Economic Data Round-Up The Pragmatic Capitalist ‘No comments

necessary here. The end of government stimulus is revealing a very very
weak private sector. It’s almost unbelievable how weak this data is
considering where we are from the trough in economic output (via Trade
The News):

• (US) Jun Challenger Job Cuts Y/Y: 39.4K v 38.8K

prior; -47.1% v -65.1% prior

• (US) Initial Jobless Claims: 472K v 455Ke;

Continuing Claims: 4.616M v 4.550Me

• 10:00 (US) Jun ISM Manufacturing: 56.2 v 59.0e;

Prices paid: 57.0 v 70.0e

• 10:00 (US) May Construction Spending M/M: -0.2%

v -0.8%e

• 10:00 (US) May Pending Home Sales M/M: -30.5%

% v -14.2%e; Y/Y: -15.6%% v 24.6% prior

• (US) EIA Natural Gas Inventories: +60 bcf v +60 to

+70 bcf estimate range

Typical Pause In the Recovery? Maybe for Senile Greenspun The Inflation
Trader ‘…That stocks are declining isn’t that surprising, in a sense; they
were discounting robust growth and there were many ways reality could
fall short of that expectation. It didn’t actually require a catalyst, merely
gravity. However, there have in fact been catalysts, and the tea leaves have
been surprisingly easy to read (so much so that even Wall Street
economists are now actually lowering their growth forecasts although
those forecasts still appear rosy in my view). Wednesday’s ADP was near
consensus, but a shade weak. In the current environment, given what was
expected, “a shade weak” is going to draw more reaction than “a touch
strong,” although economically speaking the actual ADP was well within
the error bar of the forecast – that is, we can’t really discern whether the
underlying trend is weakening or not from that data. But the misses are all
starting to add up on the same side. The ECB saw €442bln mature in the
12-month facility, but lent €161bln in 3-month, €198bln in 1-week, and
€136bln in 6-day money; in other words, there was net additional borrowing
after the “withdrawal” of the 1y lending. Hmmm. Yesterday, Initial Claims
came out above expectations at 472k, continuing to bounce around in the
range while economists keep forecasting a breakout improvement. ISM
Manufacturing was 3 points below expectations, a pretty big miss in that
number, and Pending Home Sales were off 30%. Some of this was expected
– the expiration of the home buyer credit should of course lead to fewer
homes being bought – but again, the misses are all on the same side. To be
sure, ISM at 56.2 is still at levels indicating expansion, but vehicle sales
were a weak 11.08mm units in June…again on the weak side. I guess I
would say there isn’t one catalyst, but the data and events are collectively
catalytic … Yesterday, former Chairman Greenspan was on CNBC. This guy
must have the greatest PR machine in the world. His forecasts have been
among the world’s worst, even when he was actually controlling the policy
levers that affected the outcomes. And yet, he still gets on CNBC and in the
papers with regularity. It’s astonishing. Yesterday he shared the brilliant
insight that this is just a “typical pause” in the recovery due to a “short-
term fear factor” that keeps employers from hiring. Seriously, in what way
has anything about the last few years been “typical”?

NARROWLY LOWER CLOSE EXTENDS DOW LOSING STREAK Midnight

Trader 4:28 PM, Jul 1, 2010 --

• NYSE down 7 (-0.1%) to 6,462

• DJIA down 41 (-0.4%) to 9,733
• S&P 500 down 3 (-0.3%) to 1,027
• Nasdaq down 8 (-0.4%) to 2,101

GLOBAL SENTIMENT

• Hang Seng down 0.59%

• Nikkei down 2.04%
• FTSE down 2.26%

UPSIDE MOVERS
(+) BP report says company secures short-term financing.
(+) ARNA says Eisai to market company's Lorcaserin following FDA approval.
(+) DELL upgraded.
(+) FDX upgraded.
(+) UPS upgraded.
(+) ISLE postpones stock offering.
(+) C says Treasury sells more shares.
DOWNSIDE MOVERS
(-) DNDN continues evening drop
(-) TASR guides for revenue miss.
(-) SNSS continues evening decline after announcing private placement.
(-) HD slips despite upgrade.
(-) LOW slips despite upgrade.
MARKET DIRECTION
Stocks end modestly lower, dropping 0.3%-0.4% and well off earlier lows ahead
of Friday's jobs report. Still, the decline is enough to stretch the Dow's losing
streak to six sessions. Oil and the dollar are lower, while Treasury yields edged
off the record lows hit earlier this week.
Crude closes below $73 a barrel on global growth worries. Gold fell $39.20 to
finish at $1,206.70 an ounce.
A trio of economic reports largely disappointed Wall Street though packed few
surprises.
The Labor Department said initial claims for jobless benefits climbed 13,000 last
week to 472,000. Economists had expected claims to fall.
The National Association of Realtors said its measure of pending home sales
declined to a new low in May after a flurry of buying to take advantage of a tax
credit that expired at the end of April.
Finally, the Institute for Supply Management reported its manufacturing index
declined in June, though the industry trade group said the sector seemed to still
be expanding.
For Friday's early report, economists polled by Thomson Reuters forecast that
private employers added 112,000 jobs last month. That would be far above the
41,000 added in May. The overall unemployment rate is expected to rise to 9.8
percent from 9.7 percent in May.
In company news:
Shares of Bank of America (BAC) fell after the company said its First Republic
Bank had completed a management buyout, according to Reuters. The purchase
was reportedly completed with $1.86 billion in new equity from Colony and
General Atlantic, the report said.
Popular (BPOP) says it has entered into an agreement and a plan of merger that
contemplates funds managed by Apollo Management, L.P. acquiring a 51%
interest in BPOP's processing subsidiary, EVERTEC, and related processing
businesses, through the establishment of a joint venture. The new joint venture is
valued at approximately $900 million.
Apple Inc. (AAPL) is the target of a lawsuit over reception problems with its new
iPhone 4, Bloomberg reported. A Massachusetts resident and New Jersey
resident who bought the mobile phone filed complaints in federal court in San
Francisco, the report said, alleging unfair business practices and false and
misleading advertising. Another complaint was filed in Maryland alleging Apple
and wireless carrier AT&T Inc. (T) were negligent in marketing the phone, the
report said.
McDonald's (MCD) reportedly plans to rework its menu, according to a Reuters
report. In the move, McDonald's is slated to retire the Big 'N' Tasty sandwich and
add oatmeal to its national product selection, reported Reuters, citing Crains
Chicago Business. The company also expects to discontinue its fruit and walnut
salad.
Taser International Inc (TASR) declined after the company said it anticipates that
second quarter earnings will fall short of expectations. The stun-gun maker sees
sales in the second quarter reaching $18.5 million, while analysts polled by
FactSet Research had expected sales to reach $25.6 million. The sales slump is
seen as a result of sluggish sales overseas, and less funding for law enforcement
units in the United States.
Commodities were broadly lower while gold for August delivery is down 2.03% to
$1,220 an ounce and crude oil for August delivery is down 3.87% to $72.67.

NY Times’ Krugman: We Are Entering The Third Depression Recessions

are common; depressions are rare. [Correction: we’re already in a
depression].

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. Shell-
Shocked Americans Still Aren’t Buying Anything Despite a small
rebound from crisis-lows, this long-term chart from Deutsche Bank
keeps the rebound in perspective. Mortgage Horror Stories: The
U.S. Housing Industry Will Never Recover in Back about five or six
years ago, when the housing bubble was still rising, just about anyone
 could get a mortgage. Lending institutions were handing out
ridiculously bloated home loans to almost anyone who breathed.
Gerald Celente: Doom of Currencies! A United Nations report has
slammed the American dollar, deeming it an unreliable reserve
currency in need of replacement. The UN recommends using a mixed
bag of currencies from developed nations. Struggling and Faltering
to Manage Economic Recovery No Austerity, full steam ahead,
Faltering markets, threats to social stability, Europe struggling with
PIIGS, No end in California, economic disasters in the making, an oil
soaked letter in Louisiana, consumer spending is uninspiring.

(7-1-10) Dow 9,733 -41 Nasdaq 2,101 -8 S&P 500 1,027 -3 [CLOSE- OIL
$72.95 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.74 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.30 MID-
GRADE/ $3.36 PREM./ $3.71 DIESEL)/ GOLD $1,245 [video] Gold
Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER
$17.79 (+47% for year 2009) PLATINUM $1,506 (+56% for year 2009) /
DOLLAR= .80 EURO, 87 YEN, .65 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 2.93% …..… AP Business
Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly
Recap – Stocks / Bonds / Currencies - Domestic / International This
Is a Secular Bear Market and The End of Buy and Hold … and Hope
MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD
PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6
Theories On Why the Stock Market Has Rallied 3-9-10 [archived
website file] Risks Lurk for ETF Investors The bull market that
never was/were beyond wall street b.s. when measured in gold
Property Values Projected to Fall 12% in 2010 Jan 31, 2010
The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31,
2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor
THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer
(01-15-10) 11 Clear Signs Economy Sinking Economic Black
Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is
Simply Not Going To Recover Current Economic / Fiscal Charts
Trendsresearch.com forecast for 2009 1-7-10 Crash is coming!
‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic /
Financial Data This Depression is just beginning The
coming depression… thecomingdepression.net MUST READ:
JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850
on the S&P) by TPC The Next Wave of Collapse is Coming Sooner
than you think Sliding Back Into the Great Depression
ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS
WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

‘Jobless Recovery’ Myth as Banksters RAPE and ENSLAVE the Public!

GET OFF YOUR KNEES! We’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.

Wow! Sounds like a plan … riiiiight! Obama Calls for Pentagon “Civilian
Component” Kurt Nimmo | Obama wants to send civilians to the
occupation zones in Iraq and Afghanistan.

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). European Court Of Human
Rights Rules Police Terror Stops Illegal The European Court Of
Human Rights has officially ruled police “stop and search” powers,
under UK Terrorism laws, illegal for the second time, rejecting a
government appeal. Toronto Police Chief Lies Again To Frame
Protesters Toronto Police Chief Bill Blair has been caught lying again
in an effort to justify the brutal police response metered out against
G20 protesters and journalists this past weekend, after it emerged that
weapons he presented to the media as evidence of criminals planning
to wreak havoc on the city were in fact toys seized from a man who
was on his way to a fantasy role-playing game and had nothing to do
with the G20 summit. Amnesty International Calls For Public
Inquiry Into G20 Policing Open Letter to Prime Minister Harper &
Premier McGuinty calling for G8/G20 Summit Security Review.

Drudgereport: 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...
SIX MONTHS TO GO UNTIL
THE LARGEST TAX HIKES IN HISTORY

From Ryan Ellis on Thursday, July 1, 2010 4:15 PM

Read more: 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 will take effect.
They will hit families and small businesses in three great waves on January 1,
2011:

First Wave: Expiration of 2001 and 2003 Tax Relief

In 2001 and 2003, the GOP Congress enacted several tax cuts for investors,
small business owners, and families. These will all expire on January 1, 2011:

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:

- The 10% bracket rises to an expanded 15%

- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%

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

There are over twenty new or higher taxes in Obamacare. Several will first go
into effect on January 1, 2011. They include:

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) can easily exceed $14,000 per year. Under tax rules,
FSA dollars can be used to pay for this type of special needs education.

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

When Americans prepare to file their tax returns in January of 2011, they’ll be in
for a nasty surprise—the AMT won’t be held harmless, and many tax relief
provisions will have expired. The major items include:

The AMT will ensnare over 28 million families, up from 4 million last year.
According to the left-leaning Tax Policy Center, Congress’ failure to index the
AMT will lead to an explosion of AMT taxpaying families—rising from 4 million
last year to 28.5 million. These families will have to calculate their tax burdens
twice, and pay taxes at the higher level. The AMT was created in 1969 to
ensnare a handful of taxpayers.

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.
Combining high marginal tax rates with the loss of this tax relief will cost jobs.

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.

Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-

a5171##ixzz0sVMwYIhK

Go to following pages for above links:

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

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 of what
the future may hold in its "Up and Down Wall Street." It summarizes as well as anything
I've read recently where we're likely headed. Bugging the (stock) market is the increasingly
obvious disparity between what the Street's incorrigible cheerleaders see and prophesy
and what's actually happening in the real world...The double dip in housing may or may
not be a template of what's in store for the economy as a whole. But at the very least, it is
a precursor of other serious disappointments destined to feed the unease among the
jittery populace, which most emphatically includes investors.
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.
2. The low-hanging fruit of pushing the workforce to produce more output for the same
salary/wages have all been picked.
3. The inventory build-out is done for everything but the iPhone 4 and iPad.
4. So-called "fiscal austerity" (when did living within one's means become some sort of
brutual "austerity"? Talk abour propaganda!) in the eurozone and U.S. states will remove
tens of billions of dollars from corporate sales.
5. Global overcapacity is alive and well. There is overcapacity in everything manufactured
except the iPhone 4, and that will be in glut by 2011 as well.
6. Uncle Sam is not distributing trillions of dollars quite as freely. There seems to be some
glimmer of awareness that there could be consequences of squandering trillions of
borrowed dollars on essentially worthless projects such as occupying Iraq, inflating the
housing market by socializing the entire mortgage market, propping up Fannie Mae,
Freddie Mac and FHA, etc.
7. Housing is rolling over now that the socialized mortgage market has been tentatively
allowed to go off life-support (it is wheezing and turning blue in the face, not signs of
vibrant health).
8. There is no pricing power anywhere once stimulus-goosed demand declines to organic
demand (flat to down) …

Inflation, Deflation or Hyperinflation? (Part 2) (There are charts, but no

matter what the scenario posited, this time the territory’s uncharted,
and the debacle / crisis like no other owing to the advent of
computerization will have enabled an obfuscating tool of
unprecedented proportion [worthless paper, huge frauds as already
extant], and a two-edged sword in the most negative sense
prospectively)

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.

Iran nuclear scientist Shahram Amiri 'flees US captors' BBC News - A man
who says he is an Iranian nuclear scientist claims to have escaped
after being abducted by US agents. In a video shown on Iranian state
TV, he says he has escaped in the US state of Virginia and is now on
the run. Missing Iran scientist says he escaped US agents: report
Reuters Turkey Asks Iran to Return to Table Wall Street Journal

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.

One of those … Daaaaah! Moments … Panetta says Afghan progress

slower than expected Los Angeles Times - Days after President
Obama installed a new US military commander in Afghanistan, CIA
Director Leon E. Panetta conceded Sunday that progress in the war
has been "harder" and "slower than I think ... Panetta says Afghan
insurgents show no real interest in reconciliation talks Washington
Post CIA Retains Controversial Security Firm in Afghanistan Wall
Street Journal CIA: AFGHAN PROGRESS 'SLOWER' THAN
ANTICIPATED… Daaaaah! ...

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

U.N. confirms rise in violence in Afghanistan Obama Can Shut Down

Internet For 4 Months Under New Emergency Powers Food &
Depopulation: Scams and Solutions Cassandra Anderson | Beware of
all NGOs and so-called “non-profit” organizations. Congress Votes
to Impose Embargo On Iran Infowars.com | Congress believes more
punitive measures are required in order to punish the Islamic state.
G20: Activists Arrested, Denied Entry into Canada Kurt Nimmo |
Charlie Veitch of The Love Police arrested, Luke Rudkowski and
fellow activists denied entry in New York.

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.

Turkey, the World Leader of Nations, bans israeli military flight from its
airspace as freeze deepens The Guardian -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. Turkey restricts israeli
use of airspace CNN International Turkey bars israeli planes ABC
Online

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 June 24, 2010 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. He has maintained that the bear market never
ended and that the world is far too indebted to exit the bear market.
He also believes the bear will not end until all fiat currencies have
failed. Although I disagree with him on many aspects of the micro I
agree with his larger macro outlook. This bear market is not over.
The secular bear market lives on. Mr. Russell thinks we might be on
the verge of a terrible collapse:
“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-à-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/ricosummarytoFBIunderpe
 naltyofperjury.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.]

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. Drudgereport: 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 THOMAS SOWELL: Is USA Now On Slippery Slope
To Tyranny?

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.

Housing Double Dip Accelerates As Existing Home Sales Plunge -2.2% In

May Versus 6.0% Consensus, Down From 8% In April May existing
home sales plunged far below expectations, coming in at an
annualized -2.2% rate, compared to consensus of 6.0%, and a revised
8% in April. This is the second worst monthly drop in history, and
shows just how very wrong economists are, and how they will all have
to revise their outlooks lower, for all macro indicators including GDP.

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.

$34 Billion Asset Manager Says Market Prices Are Manipulated, Accuses
NYSE Of Intellectual Property Theft, Debunks HFT “Liquidity Provider”
Lies As part of the SEC’s process to fix the broken market, it is
currently soliciting public feedback on a variety of issues. Why it is
doing so, we don’t know – after all anything that does not conform to
the SEC’s preconception of what the most lucrative market to the
SEC’s recent batch of clients (see earlier news about an SEC director
going to HFT specialist Getco) is, just ends up in the shredder anyway

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-à-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 … but many warning flags point
towards significant deterioration in the U.S. and global economy going
forward and so I think that by the end of the year or early 2011, we could
very well be facing a new leg down in the world’s economic situation … [I’d
say too optimistic since, to reiterate: 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 ...

Dow Theorist Richard Russell: Sell Everything, You Won’t Recognize

America By The End Of The Year Business Insider | “Pul – leeze, get out
of stocks now, and I don’t give a damn whether you have paper losses
or paper profits!”

The frauds on wall street et als should be criminally prosecuted, jailed, 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)
2) license to “mark to model” (assign your own values to your assets)
3) ability to peg present value to irrational expected future returns (based
on unlimited, exponential growth)
4) infinite leverage (no effective requirements for reserve capital in
unregulated “shadow” markets)
5) massive size, so that the bank is "too big to fail"
6) non-transparency and non-accountability.

SELL IN MAY AND GO AWAY!

THE FORECASTS:
Harry Dent, Jr. Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and mid-
2013, especially around early 2011, but if the banking system continues to
implode a deep downturn or depression could begin sometime in 2009
instead of 2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between
2010 and 2012
Russell Napier is the author of the book “Anatomy of the Bear”, a professor
at the Edinburgh Business School and a consultant to CLSA Ltd. which is
one of the top research houses in Asia. Napier’s research indicates (and I
paraphrase) that: The S&P 500 will Decline to 400 by 2014 (the Dow 30 to
3800)
The S&P 500 will then undergo a major crash that will see U.S. equity prices
bottom at almost 50% below current levels (i.e. to 400 or less; the Dow 30
to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3
signaling the end of the bear market, as it has done at the end of the four
largest U.S. market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Collapse Leading to End of U.S. Dollar as Reserve
Currency
Robert R. Prechter Jr. is author of a number of newsletters and books
including “Elliott Wave Principle” (1978) in which he predicted the super
bull market of the 1980s; “At the Crest of the Tidal Wave – A Forecast of the
Great Bear Market” (1995) in which he predicted a slow motion economic
earthquake, brought about by a great asset mania, that would register 11
on the financial Richter scale causing a collapse of historic proportions;
and “Conquer the Crash: You can Survive and Prosper in a Deflationary
Depression” (2002) in which he described the economic cataclysm that we
are just beginning to experience and advised how to position one’s self
financially during that period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely
to below 777 which was the starting point of its mania back in August 1982,
and quite likely drop below 400 at one or more times during the bear
market.

According to the Debt Clock:

• Total national debt: $13 trillion
• Debt per citizen: $42,026
• Debt per taxpayer: $117,982
• Total interest due: $1.9 trillion
• Interest 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 trillion
• Total consumer debt: $2.45 trillion
• Personal debt per citizen: $53,483
• Debt held by foreign countries: $4.07 trillion

http://www.usdebtclock.org Get Real Time U.S. Debt Data

Go to following pages for above links:

http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm

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

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.

(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/ricosummarytoFBIunderpenalty
ofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] ) u.s.
attorney.

You’re naïve 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

----------------------------
Yes. Really. Alito is a total lightweight and hack. He makes Thomas look
like John Marshall or Oliver Wendell Holmes. I KNOW ALITO.
Posted by: mnjam | January 28, 2010 2:24 AM |

the loser here is alito.lost his composure not good for a judge especially
afederal or supreme justice .loser big time this will live with guy for a very
time.roberts and the other justices will have a talk with him that is a
given.this relly larger than o one day news cycle.
Posted by: donaldtucker | January 28, 2010 1:12 AM |

Should Alito resign or be impeached?

Posted by: jdmca | January 28, 2010 1:05 AM |
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.).

[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenalt
yofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
america’s just a fraudulent and failed defacto bankrupt nation.

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!

Afghan war overtakes Vietnam to become the longest conflict in U.S.

history Mail Online | The war entered its 104th month yesterday, with
30,000 American troops being deployed in the first half of this year
alone.

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-à-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.”

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

New Boondoggle promised to save NASA boondoggle defacto

bankrupt budget piece of pie. 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

In reality it is just a piece of petrified wood ... Another piece of

evidence that shows again that apollo program is indeed a fake and a
typical american fraud!

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
Strip

Israeli 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.

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 For more info
on man’s humble beginnings, see here
http://www.albertpeia.com/anthroindex1.htm

Previously I wrote:

FOUND: MISSING LINK BETWEEN APES AND MAN.... These stories, and
the many like it, are old news and I subscribe to the more studied view
that there is no “missing link” per se and in my view they are
distinctions without significant differences. I previously wrote:

To Learn More About From Whence Man Came, This Link's For You

[To the Professor at the beginning of the course]

10-5-09 Postscript: Professor *****,

I felt compelled to thank you again for the add; not to curry your favor but
indeed to express profound thanks inasmuch as this is probably the last
formal course at a formal educational institution I'll ever take; and among
the most important. While I had bought at discount a library-discarded 1993
Anthropology by Embers text, though meaning to read same never quite
got to it. I am astounded by the substantial amount of time involved in the
evolutionary process, not that I ever stopped to think about it, and one
must come away with the sense of 'and all that...for this?'. This course
should be required curriculum along with psychology, sociology, etc., but
probably won't be owing to what is, as it should be, a very humbling
educational experience for any member of the human race.
Regards,
Al Peia

[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”.]

[Abolish the corrupt, costly, economically wasteful lifetime

extravagantly appointed federal courts - see RICO case [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpe
naltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]

Don’t Tread On Me: A Refresher Course on the Constitution

BUDGET CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ...

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:

Response to App. Div. OSC

STATE OF CALIFORNIA ethics complaint
Response to Sup.Ct. OSC
designation of record on appeal
The so-called "order" appealed from.
How embarrassing for the superior court of the state of california!
Typical corrupt banana republic america/california court

Dirty money digitally laundered … a wall street, atlantic city, and

american story … a very bad one and [also see RICO case
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderp
enaltyofperjury.pdf
 http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
] Fraud: It’s Much Bigger Than Goldman Sachs Regulatory
reform debate obscures key fact: Everybody’s getting money bribes
from Wall Street

Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare

moment for one to say that a sleazy hypocrite like blago, who is on
corrupt federale-connected mobster trump’s celebrity apprentice,
happens to be correct based upon facts / reality and my own direct
observation and experience and the law – Don’t forget to include
corrupt federal judges as maryanne trump barry, sam alito, shiff,
matz, 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/ricosummarytoFBIunderpe
naltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]

Drudgereport: KRUGMAN: 'We are now, I fear, in the early stages of a third
depression'...
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...
'RECOVERY SUMMER' CONTINUES...
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...
THE KAGAN SHOW... ... SEE HER LAUGH, SEE HER CRY
Justice Lawyer Accuses Holder of Dropping Black Panther Case -- for
Racial Reasons...
Consumer Confidence Plummets in June...
17% plunge in CITIGROUP triggers 5-minute trading pause...
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...
GOV'T REPORT: 1,300 Inmates Got $9M in Homebuyer Tax Credits...
CIA: AFGHAN PROGRESS 'SLOWER' THAN ANTICIPATED… Daaaaah! ...
OIL GUSH AFTER ROBOT CRASH...
Boat captain, despondent over spill, commits suicide...
FEDERAL GOV'T HALTS SAND BERM DREDGING...
Thick pools of oil wash up along Florida coast...
GEN. PRAYFORUS
JUNE: DEADLIEST MONTH...
Obama's choice suggests longer troop presence...
FALLS ON THE SWORD: McChrystal out...
Obama doubles down on war...
New General, Old Strategy...
Lebanon warns Israel against attacking ships...
Pakistan resolute on Iran gas deal; Defies US warning...
PAPER: McChrystal tenders his resignation...
On eve of major offensive in Kandahar?
Gen. McChrystal summoned to White House...
Flippant and dismissive of top Obama officials involved in Afghanistan
policy...
White House Questions General's Maturity...
Obama: 'Poor judgment'...
President's real problem: War plan in trouble...
WIRES: Gen.'s remarks echo troubled strategy...
'Doubt among soldiers that counterinsurgency will work'...
Home Sales FALL in May...
Geithner: Economy still in 'incredibly difficult period'...
RAHM OUT AT WHITE HOUSE?
WH: 'Ludicrous'...
REPORT: Traded Favors with Blago...
Sticker Shock Among Dems Jeopardizing Obama's Agenda...
BARONE: Obama's thuggery is useless in fighting spill...
Lakers violence: Authorities release raw video of mob, seek public's help...
$70 million jail sits empty in Los Angeles - because LAPD can't afford to
staff it...
California fails to deliver budget by constitutional deadline -- again...
State considering digital license plates - could display ads at red lights...
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
NY MAY SHUT NEXT WEEK: Paterson Warns Chaos, Anarchy...
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%
SPAIN: THE NEW CRISIS IN EUROLAND...
BP chairman says company cares about the 'small people'..
The 'small people' aren't big fans of comment...
32 million watch Obama speech, down 21% from last address...
House Speaker Paying $18K a Month for New Office...
GERMAN GOVT CLOSE TO COLLAPSE...
LOBOTOMY JOE BIDEN: 'I'M A POLITICAN, AND AM PROUD OF IT!' …
riiiiight joe, anything you say ...
DICK MORRIS: Obama vs. press freedom...
Spain sees credit squeeze, denies EU rescue bid...
Retail sales unexpectedly fall in May...
...plunge by largest amount in 8 months
BP eyes showdown with US govt on liability...
Ahmadinejad: Israel 'doomed'...
UN hits Iran with new sanctions over nuclear program...
TURKEY, BRAZIL VOTE AGAINST...
Ahmadinejad: Resolution 'like a used handkerchief'...
Copter shot down in Afghanistan; 4 Americans dead...
Gates predicts tough summer, confident of gains…Oooooh! Sounds like a
plam!...
Shares Plunge 16% as Pressures Mount...
'Month before they declare Chapter 11'...
PAPER: Obama's attacks on BP hurting British pensioners...
Windows shot out at BP gas station...
POLL: 74% Oppose Tax On DRUDGE, Web Sites To Help Newspapers...
Ahmadinejad Stresses Need for 'New World Order'...
Russia, Iran in joint venture for nuclear plant...
Two more Palestinians killed by Israel wash ashore...
UN rebukes of Israel permitted in US policy shift...
DEBT POISED TO OVERTAKE GDP
POLL: BP Oil Spill Response Rated Worse than Katrina...
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'...
Fleisher: Ethnic Cleansing by israel … Wouldn’t abrogation of flawed /
failed balfour and sending jews home to europe be the wisest and most
peace generating course ...
UPDATE: Crude gushes from cap; only a fraction captured...
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.

Go to following pages for above links:

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