Professional Documents
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March 302010 Posts
March 302010 Posts
Down vs. 2008 It’s Official — America Now Enforces Capital Controls
Economist Johnson urges breakup of big U.S. banks (Reuters)
Consumer Confidence and U.S. Housing
The Very Senile greenspan Signals Warnings for Bubble Maniacs Gary
Dorsch It is so mind boggling to hear Mr. Senile give a greenspin to the
very elements that created the last crash of epic proportions along with the
pervasive fraud, the effects of which are still extent in the form of trillions
of worthless newly FASB mark to anything paper (toxic assets / securities),
talking of the (worthless) paper wealth effect . As such, I only present some
salient points but invite your attention to the likes of a real genius (formerly
of Sony fame), Morita, who had presciently warned both the u.s. and Japan
that you can’t create value by moving (and commissioning) paper around
but rather you must build / innovate real products that truly have, add, and
create value! “… The size of the Fed’s balance is “not sustainable” and will
eventually have to be reduced to “something just north of $1-trillion,” he
said. “My concern is that legislation or other actions on the part of
Congress may prevent the Fed from withdrawing the stimulus,” Greenspan
added. Such actions have already taken place in Seoul, where the
government has completely hijacked the monetary policy of the Bank of
Korea. Texas Representative Ron Paul, a Republican, is leading an effort in
Congress to repeal the Fed’s immunity to audits of monetary policy, which
could expose any clandestine intervention in the stock index futures
market by the Fed and its agents on Wall Street. Still, there’s a deep-seeded
suspicion in the gold market that at some point the Fed will resume its
massive money printing operations in order to prevent a surge in Treasury
bond yields, sparking the next big round of inflation. Greenspan mostly
lingered far behind the inflation curve when he was Fed chief, and never
saw a bubble he didn’t like. According to the commodities markets, the
break-out of inflation has already begun and is buoying gold above
$1,100 /oz”.
(3-30-10) Dow 10,907 +11 Nasdaq 2410 +6 S&P 500 1,173 -0- [CLOSE- OIL
$82.37 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.73 (reg. gas in LAND OF FRUITS AND NUTS $3.09 REG./ $3.26 MID-
GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,105 [video] Gold
Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER $17.33
(+47% for year 2009) PLATINUM $1,623 (+56% for year 2009) /
DOLLAR= .74 EURO, 93 YEN, .66 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.87% …..… AP Business
Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly
Recap – Stocks / Bonds / Currencies - Domestic / International
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 Recession ABSOLUTELY, ABSURDLY,
RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH,
MUCH WORSE TO COME!
The following by John Lounsbury is worth a look if only for the real life
example of how such fraud was perpetrated:
FBI Investigating Mortgage Fraud “In 2005 there were less than 600
mortgage fraud cases in the U.S. That number is approximately
400% higher today. Alex Finkelstein, writing at the Real Estate
Channel.com, reports that the FBI currently has 2,800 mortgage
fraud cases under investigation … Another example of which I
have personal knowledge involved an individual who may have
committed fraud. Notice that I said may have committed fraud.
Here are the details: The individual was an independent mortgage
broker. He purchased a nearly finished luxury home from a
builder experiencing financial distress in 2006. The finished home
was listed at $600,000, but the buyer got it for $350,000 and
probably spent about $50,000 finishing the house and
landscaping. He used the house as his personal residence. In
2007 he put the house on the market for $669,000. After about six
months he changed realtors and raised the price to $719,000. The
next week he had an "offer" for $719,000. The house was
appraised by a lender for a mortgage application. Nothing more
was heard of the sale and five months later the homeowner had
disappeared, apparently moving out in the middle of the night.
Inspection of the house by neighbors revealed that the house had
been cleaned out of lighting fixtures, interior doors, intercom
system, appliances and lock sets. The controller and back flow
valves for the irrigation system were also gone, as well as the
electric garage door openers. When the foreclosure was served,
the public record showed a first mortgage of $425,000 and a
second mortgage of $150,000 with no payments made after the
date of issuance of the second mortgage. The second mortgage
was issued one month after the "offer" of $719,000. Here is one
possible explanation of what happened. The house was
bought and finished with no money down. In fact the buyer may
have put $25,000 in his pocket. When the house didn't sell in 2007
for $669,000, the homeowner may have arranged for a phantom
buyer to offer the inflated asking price of $719,000. The following
month, with a rigged appraisal for the phantom buyer's mortgage
application in hand, the homeowner took out a second mortgage
for $150,000 and then immediately stopped making mortgage
payments. In the next five months he systematically
removed things of value from the home and pocketed a few
thousand dollars. He finally just vanished in the middle of the
night with $175,000 to $180,000 in profit and five months of free
rent.
Curious circumstances:
1. Total of both liens was $575,000, almost exactly 80%
of $719,000. 80% financing would be very easy to get.
2. The second mortgage was obtained one month after the "offer"
for $719,000.
3. Comps for the subdivision would have priced the house
$620,000 to $640,000 in 2007 …”
http://www.albertpeia.com/alresume.htm
US Bagram Airbase hit during Obama visit Press TV | The US Bagram Air
Base in Afghanistan has been hit by rockets during an official visit by
President Barack Obama to the war-torn country.
SLAP: Canada tells Clinton troops are leaving...
http://www.albertpeia.com/alresume.htm
Jihad Jamie: Corporate Media Hypes Another Blond Terrorist Kurt Nimmo |
The government will need to come up with terrorists who are not so
obviously mentally or emotionally disturbed in order to sell us on an
interminable war on terrorism. “JihadJane” was laughable, Web
watchers say Philadelphia Inquirer | For years, “JihadJane” had been
a joke to those who kept tabs on her online.
Drudge vs. the Senate? U.S. SENATE WARNS ALL STAFF TO AVOID
DRUDGE... Senate Tells Employees Not to Read Drudge Report
Drudge Report | Just as the healthcare drama in the capitol reaches a
grand finale, congressional officials are warning employees to avoid
the Drudge Report.
Senate declares Drudge Persona Non Grata, Internet Jihadist!
DRUDGEREPORT:
Obama takes a piece of the rock; PRUDENTIAL to take $100M healthcare
charge...
COPS TOTE MACHINE GUNS ON NYC SUBWAYS...
USATODAYGALLUP: DISAPPROVAL RISES TO 50%...
HILL: DRUDGE and the Republican delusion...
Rove Shouted Down, Called 'War Criminal' At Book Signing...
Troop deaths double in Afghanistan...
Approval/disapproval gap starting to widen again on health spending bill...
GALLUP: OBAMA APPROVE MATCHES LOW; COUNTRY SPLIT 46-46...
FBI terror raid of Christian militia group in Michigan...
Agents conduct raids in Ohio, Indiana...
'It was like a small army had descended on the area'...
Feds confirm 'activities'...
Gun charges...
http://www.albertpeia.com/alresume.htm