Professional Documents
Culture Documents
August 232010 Posts
August 232010 Posts
[ This link to a somewhat more cumulative blog posts page will precede
current days news since most all topics remain current in terms of
impact and longer-term effect and can be searched by topical index
term more easily. The same is provided since the blog site
http://alpeiablog.blogspot.com has just been censored as to size by
google which is typical for google as nsa / cia / gov’t shill as more are
becoming aware of. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is
provided for ease of formatting and clarity thereby while the
Washington Post page is the real deal but without formatting
http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?
plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaper
UserId=alpeia ]
How to Get Through This Mess ‘… U.S. RECESSION NEVER ENDED; GDP
TO CONTRACT IN Q3 Our suspicions have been confirmed - the
recession never ended. Macroeconomic Advisers produces a monthly
U.S. real GDP series and it shows that the peak was in April, as we
expected, with both May and June down 0.4% in the worst back-to-
back performance since the economy was crying Uncle! back in the
depths of despair in September-October 2008. The quarterly data
show that Q2 stands at a +1.1% annual rate (so look for a steep
downward revision for last quarter) and the 'build in' for Q3 is -1.5% at
an annual rate. Depending on the data flow through the July-
September period, it looks like we could see a -0.5% to -1% annualized
pace for the current quarter. Most economists have cut their forecasts
but are still in a +2.5% to +3.5% range. What is truly amazing is that
despite all the fiscal, monetary, and bailout stimulus, the level of real
economy activity, as per the M.A. monthly data, is still 2.5% below the
prior peak. To put this fact into context, the entire peak-to-trough
contraction in the 2001 recession was 1.3%! That is incredible.
Interestingly, and dovetailing nicely with our deflation theme, nominal
GDP fell 0.3% in May and by 0.4% in June. This is a key reason why
Treasury yields are melting … Bottom line? It is going to be a tough
environment for the next 6-8 years. That is just what happens when
you have a deleveraging / balance sheet / deflationary / end of the
Debt Supercycle recession. It is what it is, and no amount of wishing
or finger pointing can change the facts … ‘
Hardship 401(k) withdrawals set record in second quarter: More workers
also borrowing from their accounts (Washington Post, August 22,
2010) [ Clearly an instance where ‘better late than never’ doesn’t quite
do it … ‘better now than late or never’ is a bit better as the following
see that old tune, ‘ The Big Hurt’, reaching once again number 1 on
the billboard charts. ]
Soros Bailing Out of U.S. Stock Market Robert Wenzel | Billionaire trader
and political manipulator,George Soros, is clearly not optimistic.
Celente: Stock Market Crash Before End of 2010 Gerald Celente believes
that the stock market will crash before the end of 2010 , gold will soar.
Are You Ready For How Bad It Will Get? Graham Summers | ‘There are
numerous components in the latest GDP number that are extremely
suspect. The vast majority of investors are going to be taken to the
cleaners … Sell / Take Profits while you still can!
Ron Paul: Let the Housing Market Normalize! Dr. Ron Paul | There seems to
be a growing consensus in favor of abolishing Fannie and Freddie.
This is the good news.
Americans Using Their Rainy Day Savings to Live Rebel Traders | The
reality of the ‘real economy’, as measured by people, not Wall Street,
is a deteriorating economy where any source of funds is fair game to
be tapped into.
Jim Rogers: If You Want Your Family To Be Silly Rich In The Future, Then
Leave America And Move To Asia Now As you may know, Jim Rogers
moved to Singapore in 2007, though he maintains a residence in the U.S. as
well.
Portions of the Gulf are So Toxic that Dolphins, Fish, Crabs, Stingrays and
Other Animals are “Trying to Crawl Out of the Water” Danny Ross, a
commercial fisherman from Biloxi… said he has watched horseshoe
crabs trying to crawl out of the water, and other marine life like
stingrays and flounder trying to escape the water as well. He believes
this is because the water is hypoxic.
Housing Fades as a Means to Build Wealth, Analysts Say Many real estate
experts now believe that home ownership will never again yield
rewards like those enjoyed in the second half of the 20th century.
(8-23-10) Dow 10,174 -35 Nasdaq 2,159 -20 S&P 500 1,067 -4 [CLOSE- OIL
$73.11 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.74 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-
GRADE/ $3.35 PREM./ $3.69 DIESEL) / GOLD $1,226 (+24% for year
2009) / SILVER $17.99 (+47% for year 2009) PLATINUM $1,506 (+56%
for year 2009) / DOLLAR= .78 EURO, 85 YEN, .64 POUND STERLING,
ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.61% …..
… 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!
Yet another Soros tentacle exposed Jim Wallis, the man behind the so-
called “religious left” – a left wing evangelical activist who worked to
get evangelical support for Obama — has been exposed as another
stooge of George Soros.
Celente: Stock Market Crash Before End of 2010 Gerald Celente believes
that the stock market will crash before the end of 2010 , gold will soar.
$60M project to resume in D.C. (Washington Post) [Well, at least they’re not
fema concentration / internment camps; naah, they’re for the hoi
polloi. Now luxury apartments for the Washington criminal class;
that’s another story. Time to break out the bubbly ‘cause happy days
are here again.
H.R. 645 and The FEMA Concentration Camps The Federal or Union
side of the conflict had its many concentration camps as well. ... and
walk out your front door and see a FEMA concentration camp.
www.infowars.com/h-r-645-and-the-fema-concentration-camps
Alex Jones Presents Infowars.com to Fight the New World Order And
how we burned in the camps later, thinking ... county is a designated
home for a "concentration ... relocated to "secret locations" (FEMA
camps).
www.infowars.com/cc_archive.htm
New World Order FEMA Camps Uploaded by doomdaily
www.youtube.com
FEMA Concentration and Internment Camps A good over look of
what FEMA is all about. Enslavement and Concentration Camps. It is
not about saving people that is an illusion.
www.freedomfiles.org/war/fema.htm
FEMA Concentration CampsU.S. CONCENTRATION CAMPS FEMA
AND THE REX 84 PROGRAM. There are over 600 prison camps in the
United States, all fully operational and ready to receive ...
www.flyingsnail.com/Dahbud/femaconcentrationcamps.html
U.S. Concentration Camps, page 1 A reported "FEMA camp
masquerading as a water treatment plant" here in Texas was (ta-daa)
a water treatment plant. A reported "FEMA concentration camp ...
www.abovetopsecret.com/pages/camps.html
AMERICAN CONCENTRATION CAMPS FEMA CONCENTRATION
CAMPS: Locations and Executive Orders ..... Ft. Drum - two
compounds: Rex 84 detention camp and FEMA detention facility. ...
www.apfn.org/APFN/camps.htm ]
CBO Offers tax cuts assessment (Washington Post) [ One might be inclined
to quip, well, you can’t give what you don’t have; but, we all know
that’s not true in washington these days and they have the red ink to
prove it. Drudgereport: CBO: DEFICIT 9.1% OF GDP... DEVELOPING...
‘(P)recarious fiscal situation by 2020? I’d call that wishful thinking!
The 2020 part. How ‘bout now!]
Stock market ends down for second straight week (Washington Post)
[Yeah! There should be no surprise here. Such is the scenario that
bear markets are made of and Maierhofer shows the math to prove it
(infra), Are You Ready For How Bad It Will Get? Graham Summers |
‘There are numerous components in the latest GDP number that are
extremely suspect. The vast majority of investors are going to be
taken to the cleaners …]
2+2=5 or Weaker than Expected Economy = Rising Stock Prices On July 30,
the Bureau of Economic Analysis (BEA) lowered the previous quarter's Gross
Domestic Product (GD) growth from an estimated 2.7% to 2.4%. But it didn't stop
there. The real GDP for all three previous years was revised as well. It was
lowered by 0.2% for 2007, it was lowered by 0.6% for 2008, and it was lowered
by 0.4% for 2009. In percentage terms, the real GDP for 2007 was revised down
from 2.5% growth to 2.3%. The 2008 decrease was lowered from 1.9% to 2.8%
and 2009 growth was revised up from a 0.1% to a 0.2% increase. In essence, the
BEA proved that the recession was (or is) much deeper than perceived and the
alleged recovery much weaker than previously reported. This comes as no
surprise, as the key sector of the financial debacle - real estate (NYSEArca: IYR -
News) - remains in a funk. The U.S. Census Bureau reported that the number of
vacant properties, including foreclosures, residences for sale, and vacation
homes, reached 18.9 million. Fannie Mae and Freddie Mac continue to lose
money. Has anyone ever wondered how banks (NYSEArca: KBE - News) can
make money on the same kind of loans that pushed Fannie and Freddie to the
brink of ruin? Since bad real estate loans triggered the post 2007 economic
meltdown, how can the economy recover without real estate leading the way?
4+4=9 or Technical Sell Signals = Higher Stock Prices The 200-day moving
average (MA) is one of the best-known technical indicators, as it provides
delineation between technically healthy and sick stocks. On May 20, the S&P
closed below the 200-day MA for the first time since late 2007. Every attempt to
rally and stay above it has since failed miserably. On July 2, the 50-day MA for
the S&P dropped below its 200-day MA for the first time since late 2007. The
same holds true for mid caps (NYSEArca: MDY - News), small caps (NYSEArca:
IWM - News) and nearly all individual sector indexes. For good reason, this is
called a Death Cross. Over the past ten years, the death cross has been
accurate 75% of the time, with a 19.72% average return on six winning trades
and 6.95% average return on two losing trades. In addition to the Death Cross,
there are two head and shoulders patterns, one in the making for over 10 years,
and the other has the breadth suggestive of a major meltdown (see September
ETF Profit Strategy Newsletter).
I don't think this created any waves, but I will continue to wail in the
wilderness about how compensation formulas contribute to and compound
the structural problems in our financial system. So, back to the earnings
chart that started this discussion. In view of what has been discussed here
I believe we will find that history, in this instance, will at least rhyme, if not
repeat exactly. Structural economic problems are sufficiently similar for the
two eras that I expect we will see some form of recurrence of events 5 and
6 [Depression] …’
We Killed The Goose That Laid The Golden Egg For middle class
Americans, the new global economy has provided mountains of cheap
products made in China, India and dozens of other nations, but it has
also killed the goose that laid the golden egg.
Is Our Money Based on Debt? Robert Murphy | The first thing to realize is
that the Fed can control the size of the monetary base, but it can’t
directly control its composition.
Obama Lied About Stimulus Dollars Aiding Local Project A local project
that President Barack Obama cited during a visit Wednesday to
Columbus as an example of how the federal stimulus package has
worked isn’t actually being funded with stimulus dollars.
Black Swans Need Not Apply (6 Reasons Why the Economy is Going
Down) Louis James | My New York adventures are signs of an
approaching gold mania, not a present one. But I believe more firmly
than ever that it’s coming.
Soros Bailing Out of U.S. Stock Market Robert Wenzel | Billionaire trader
and political manipulator,George Soros, is clearly not optimistic.
Schwarzenegger Orders 150,000 Government Workers to Take Time Off
Without Pay Bloomberg | Schwarzenegger directed state workers to
take three unpaid days off each month to save cash.
Weekly Jobless Claims Post Surprise Jump, Hit 500,000 Reuters | New U.S.
claims for unemployment benefits unexpectedly climbed to a nine-
month high last week, yet another setback to the frail economic
recovery.
5 Trillion More Dollars To Fix Fannie Mae And Freddie Mac??? Fannie Mae
and Freddie Mac have become gigantic financial black holes that the
U.S. government endlessly pours massive quantities of money into.
CBO Offers tax cuts assessment (Washington Post) [ One might be inclined
to quip, well, you can’t give what you don’t have; but, we all know
that’s not true in washington these days and they have the red ink to
prove it. Drudgereport: CBO: DEFICIT 9.1% OF GDP... DEVELOPING...
‘(P)recarious fiscal situation by 2020? I’d call that wishful thinking!
The 2020 part. How ‘bout now!]
Jobless benefit claims jump to nine-month high (Washington Post) [Ooooh!
Sounds like a plan! Or, the wrong plan! The one they’re using, that is.
Or, no plan, like Afghanistan!] Drudgereport: NEW LOW FOR O:
GALLUP DAILY SHOWS OBAMA 41% APPROVE, 52% DIS...
NEW JOBLESS CLAIMS RISE TO 500,000...
Highest level in 9 months...
CBO: DEFICIT 9.1% OF GDP... DEVELOPING...
Homeowners Expect Home Values to Fall More...
Privatizing Virginia liquor stores makes sense (Washington Post) [Wow! I’m
totally shocked. Having spent enough time in virginia with a part-time
office in proximity to washington to discern the corrupt state of affairs
of same dominated by what I refer to as government mob
(predominantly cia, related, etc.) (my direct sampling of corrupt states
of jersey the worst, new york, california, connecticut – 5 for 5) but I
had no idea that the state was as backward as it appeared in having
state-run liquor stores. How totally preposterous! ‘The revenuers are
the brewers’ … just kidding!] Seventy-seven years after the repeal of
Prohibition, you'd think we regard the sale of liquor to consenting
adults no differently than the sale of any other good.
Warren sits down with lobbyists (Washington Post) [Talk about appearance
of if not outright impropriety. Just what do these lobbyists do for their
money. Eke out more fraud protection … for the perps? Forget them! ]
Elizabeth Warren, a top candidate to lead the new Bureau of
Consumer Financial Protection, met quietly with some of her sharpest
critics: big bank lobbyists.
No Exit, Stage Left or Right Peter shiff ‘… Those who fear a double dip
recession are justified in their concerns, but they are also missing the
big picture. The 2008 recession never ended. It was merely interrupted
by trillions of dollars of stimulus that purchased GDP “growth” with
borrowed money. But as the bills come due, GDP should now contract
…
Fed Leads America “To The Brink Of Collapse” When even the New York
Times and CNN are admitting that the United States faces not only a
double-dip recession but potentially a new great depression, any
alarm bells that have not been rung should now be sounding loudly.
10 Signs The U.S. is Becoming a Third World Country Activist Post | Key
economic indicators point to a situation potentially worse than the
Great Depression.
“Surprisingly” Bad Economic News Bob Livingston | Have you noticed how
often the elitist “economists” in government, academia and the media
are surprised by bad economic news?
Celente: Stock Market Crash Before End of 2010 Gerald Celente believes
that the stock market will crash before the end of 2010 , gold will soar.
Fed Official Admits the Fed Starts Boom/Bust Cycles There are all kinds of
things awry with this article…
Bulls Scatter ... Again ‘At the risk of sounding like a broken record, we
wanted to once again highlight the lack of conviction among investors and
advisors in the current market environment. Following the July rally,
bullish sentiment based on the Investors Intelligence weekly survey
jumped to its highest level since May. Then last week, the S&P 500 dropped
more than 3% and the bulls scattered. In this week's survey, bullish
sentiment declined 12% for its largest weekly decline since the flash
crash…’
1. That the daily number of NYSE new 52-Week Highs and the daily
number of new 52-Week Lows must both be greater than 2.2% of total
NYSE issues traded that day.
2. That the smaller of these numbers is greater than or equal to 69
(68.772 is 2.2% of 3126). This is not a rule but more like a checksum.
This condition is a function of the 2.2% of the total issues.
3. That the NYSE 10-Week moving average is rising.
4. That the McClellan Oscillator is negative on that same day.
5. That new 52-Week Highs cannot be more than twice the new 52-Week
Lows (however it is fine for new 52-Week Lows to be more than
double new 52-Week Highs). This condition is absolutely mandatory…’
Another Round of POMO: Dave's Daily ‘…Thursday we'll get another round
of Uncle Sugar's special blend via more POMO (Permanent Open Market
Operations). This private label brew will go directly to the Primary Dealers
(dba: Da Boyz) who will use it to trade as before…’
More Fuel For a Bigger Decline Simon Maierhofer, On Tuesday August 17,
2010, 4:18 pm EDT A French proverb states that a fault denied is committed
twice. Denial, as blissful as it is for the time being, does not serve as protection
against the inevitable.A perfect example of denial is the May 6 flash crash.
Neither Wall Street, the financial media, nor investors wanted to see the danger
of such a meltdown beforehand. After it happened, they were in denial about the
cause.
Denial is Bliss
The simple truth is that the market was ripe for a major correction. A few weeks
before the flash crash, the ETF Profit Strategy Newsletter noted the extremely
low CBOE Equity Put/Call Ratio and warned: 'It seems that only a minority of
equity positions are equipped with a put safety net. Once prices do fall and
investors do get afraid of incurring losses, the only option is to sell. Selling,
results in more selling. This negative feedback loop usually results in rapidly
falling prices.' As it turns out, there was no clumsy-fingered trader at fault for the
decline that reduced the Dow (DJI: ^DJI) by more than 1,000 points in one day. If
it had been a simple error, stocks wouldn't have fallen to new lows after the flash
crash. If it had been a simple error, the S&P (SNP: ^GSPC) and Nasdaq
(Nasdaq: ^IXIC) wouldn't still be trading below the flash crash close.
But, that's the power of denial. Since the April 26 highs, the S&P has been
moving from lower highs to lower lows. On July 1, the S&P had arrived at 1,011.
The ensuing rally lifted the markets by nearly 10%, but failed to push the S&P
and Nasdaq above the July 21 highs. The July 21 highs failed to move above the
May 12 highs. The May 12 highs were significantly short of the April 26 highs.
Despite the obvious downtrend, investors get as excited about dead end
bounces as ever. This is not a bullish omen. In fact, according to the ETF Profit
Strategy Newsletter's technical analysis, the steepest leg of the decline is still
ahead. Before we look at more technical details, let's browse through some
fundamental factors that reflect the current state of denial:
111 banks were added to the FDIC's failed bank list thus far in 2010. At the same
time last year, only 76 banks had been shut down. According to an FDIC press
release, Metro Bank of Dade County had total assets of $442.3 million and total
deposits of $391.3 million. Assets outweigh liabilities by $51 million. That's good,
but apparently not accurate. According to the FDIC's press release, closing Metro
Bank will cost the FDIC $67.6 million. Why? Because an accounting trick allows
banks to artificially inflate their assets. The accounting trick allowed this small
bank to overstate its assets by about 25%. Other banks on the FDIC list
overstated their assets by more than 50%. Imagine the size of the problem,
considering that the four biggest banks (NYSEArca: KBE - News) of the country
have about $7.5 trillion in combined assets. We should also point out that none of
those losses technically affect earnings, at least not yet (for a detailed analysis
refer to the June issue of the ETF Profit Strategy Newsletter).
The National Association of Home Builders reported that its monthly reading of
builder's sentiment about the housing market sank to 14, the lowest level since
March 2009. Unlike other economic indicators, this index is taken from builders
that have their finger on the pulse of Main Street and is forward looking. Despite
the rally in equities (NYSEArca: VTI - News) and real estate (NYSEArca: IYR -
News), homebuilders (NYSEArca: XHB - News) never really saw light at the end
of the tunnel.
States are in trouble. The bigger the state, the bigger the trouble it seems.
California has a $1.8 trillion economy. If CA was a country, its economy would be
the seventh biggest in the world, bigger than Russia. But, CA has no money.
CNN reports that as many as 200,000 state workers in CA could see their pay
scale slashed to minimum wage, if orders from the governor's office are followed.
You don't need to be one of the 200,000 to know that is bad. To go from state
salary to minimum wage is a huge drop.
Look around and you see a general downtrend develop: U.S. stocks (NYSEArca:
IWB - News), international stocks (NYSEArca: EFA - News) and emerging
market stocks (NYSEArca: EEM - News). The same applies to commodities
(NYSEArca: DBC - News), real estate prices (NYSEArca: RWR - News) and
consumer goods. The above-mentioned 'don't worries' all contribute to the
deflationary spiral (see image below for a visual). Unemployment remains high
because businesses have no pricing power. This leads to lower income, default
foreclosures, and ultimately even higher unemployment. Even Bernanke knows,
there is no easy fix to a deflationary cycle. Once engrained, it feeds on itself.
[chart]
A death cross is one of the most powerful technical indicators. It occurs when the
shorter simple moving average (SMA) crosses below the longer SMA. Over the
last few weeks we saw literally dozens of such death crosses. Most notable was
the S&P, Dow Jones and Nasdaq experiencing not only a death cross created by
the 50 and 200-day SMA, but also courtesy of the 10 and 40-week SMA. Despite
the rally from the July lows, the sell signal triggered by the various death crosses
remained active. The fact that the Dow Jones was the only major index to rally
above the June 21 highs provides an additional bearish non-confirmation. Over
the past ten years, the buy/sell action triggered by the SMA crosses has a
success rate of 75% - 100%. Winning trades outperformed losing trades by a
ratio of at least 3:1. In investing, those are not the kind of odds you want to bet
against. In other words, it's time to face reality and abandon denial. Leading up
to the April highs, the ETF Profit Strategy Newsletter noted a pinnacle of denial
which was reflected by investors' outright enthusiasm about stocks. At a time
when approximately 8 of 10 investment advisors and newsletter writers were
bullish on stocks, the ETF Profit Strategy Newsletter noted: 'The message
conveyed by the composite bullishness is unmistakably bearish. The pieces are
in place for a major decline.' Since April 26, the major indexes dropped as much
as 17%. Despite the recent rally, this seems to have been only the first
installment of a significant decline. This decline is now in progress. In fact, the
August issue of the ETF Profit Strategy Newsletter explains the one chart-pattern
that explains why the next leg down will be strong and powerful. A British
Historian noted decades ago that a wise person does at once what a fool does at
last. Both do the same thing; only at different times. Will you get out of the
markets way in time, or too late?
Here’s a new piece of the dismally murky puzzle which belies a previous
raison d’etre for rally: Greek Bonds Slump As Austerity Backfires, Country
Enters “Death Spiral”, And The Violent End Game Approaches .
Previously, Walmart same store sales were actually down (overseas results
were up), and, think about it. Isn’t Walmart, as essentially an american
based sales agent of china products a ‘contrarian indicator’ for the the u.s.;
that is , hasn’t Walmart’s rise coincided with american main street’s
demise. Similarly, fraudulent wall street high frequency churn and earn
programmed trade scams among many other frauds as yet unprosecuted
has heralded the death knell for american business and the economy,
generally. Old news at best and, that ‘not bad as expected, better than
expected dog don’t hunt no more’! ‘YAHOO [BRIEFING.COM]: … Retailers
were also strong. As a group retailers climbed 1.8%. Discount retail giant
and Dow component Wal-Mart (WMT 51.02, +0.61) was a solid performer on
the back of in-line earnings and an improved forecast. Home improvement
retailer and fellow Dow component Home Depot (HD 28.31, +0.93) had a
more positive influence over retailers. It posted better-than-expected
earnings for the latest quarter, but issued a rather mixed forecast. A
smaller-than-expected increase in housing starts during July didn't do
anything to derail the stock this session. Housing starts for July increased
1.7% month-over-month to an annualized rate of 546,000 units, which is
less than the rate of 555,000 units that had been widely anticipated.
Building permits for July fell 3.1% month-over-month to an annualized rate
of 565,000, which is below the rate of 573,000 that had been expected…’
But, just a push of the computer programmed trade button and off we go,
reality / valuation / economics be damned. In real security analysis (very
simplified / summarized), as opposed to the continued frauds on wall
street, one must begin with the largest and most significant aggregate (a
simple word picture / analogy: ‘rising tide lifts all boats’). If you get this
right, the probabilities in your favor are substantially enhanced. From
there, you want leading industries, and leading companies within said
leading industries (again, larger aggregates then picks, to enhance
probabilities, not guarantees, in your favor). Your time frame, 1-3-5 yrs tops
for projections, (including income statement/EPS, balance sheet, and
applying an appropriate P/E – a detailed, multi-faceted approach beyond
what could be described in this summary); and, that’s all they are,
projections. Beyond that time frame, your guess. On fraudulent wall street,
every day, though already discounted in large part (6-8 mos, approx.), the
market spins, churns, and with lightning fast computerized high-frequency
trade programs commissions in huge volumes like no other time in
financial history when real valuation meant something, with no net
economic value added, but very lucrative to the frauds on wall street, which
ultimately is a net detriment to the economy / the nation /and other
industries as we’ve seen and as described elsewhere on this site and in
these posts http://albertpeia.com . Preposterously, they even sometimes
refer to seasonal factors as if hearing them for the first time and
‘explaining’ an up move (almost invariably already discounted). Today, they
shrugged off the deepening economic reality despite the election year
frothing / manipulations. This is a global depression. This is a secular bear
market in a global depression. The past up move was a manipulated bull
(s***) cycle in a secular bear market. This has been a typically manipulated
bubble as has preceded the prior crashes with great regularity that the wall
street frauds and insiders commission and sell into. This is a typical wall
street churn and earn pass the hot potato scam / fraud as in prior crashes’.
This national decline, economic and otherwise, will not end until justice is
served and the wall street frauds et als are criminally prosecuted, jailed,
fined, and disgorgement imposed. ].
Are You Ready For How Bad It Will Get? Graham Summers | ‘There are
numerous components in the latest GDP number that are extremely
suspect. The vast majority of investors are going to be taken to the
cleaners. I realize this view is far from the consensus. Even those who are
in the bear camp aver that the Stimulus did in fact bring us out of recession
at least temporarily.
However, I would strongly contend that the recovery was in fact non-
existent for the following reasons:
Celente: Stock Market Crash Before End of 2010 Gerald Celente believes
that the stock market will crash before the end of 2010 , gold will soar.
Kaufman on High Frequency Trading ‘Sen. Ted Kaufman (D., Del.) has
been banging the drum on the need for regulatory changes to high
frequency trading for a while. His latest thoughts on the matter take the
form of a letter to SEC Chairwoman Mary Schapiro urging — among other
things — major high-frequency trading firms be required to register with
the Securities and Exchange Commission. Dow Jones Newswires’ Jacob
Bunge reports:…’
10 Signs The U.S. is Becoming a Third World Country Activist Post | Key
economic indicators point to a situation potentially worse than the
Great Depression.
“Surprisingly” Bad Economic News Bob Livingston | Have you noticed how
often the elitist “economists” in government, academia and the media
are surprised by bad economic news?
The Bond Market Is Signaling Trouble Ahead Claus Vogt | My outlook for
the economy and the stock market has steadily and significantly
deteriorated since March 2010.
China Drains Obama Stimulus Meant for U.S. Economy Bloomberg |
Globalization is pitting the Wangs in China or Gandhis in India against
the Smiths in the U.S. or Gonzalezes in Spain.
Are You Ready For How Bad It Will Get? Graham Summers | There are
numerous components in the latest GDP number that are extremely
suspect.
Tons of gold imports turn to dust on arrival Several tons of gold imported
into the UAE by traders and investors turned out to be fake on closer
inspection, resulting in millions of dirhams in losses and high levels
of stress to the victims.
Google Yanks “Kill The Web” Article That Warned Of Internet Takeover
Paul Joseph Watson | In the face of censorship, it’s more important
than ever that people get the word out about Google’s plan to kill the
web.
‘Bombshell Barack’ and ‘Kill Web’ Heading to Top of Google Trends Matt
Ryan | Alex Jones would like to again thank everyone for their
continued support in spreading the message of truth.
Google Plans To Kill Web In Internet Takeover Agenda Paul Joseph Watson
| Doomsday scheme will silence independent voices for good.
Google Yanks “Kill The Web” Article That Warned Of Internet Takeover
Having at first appeared as normal, our earlier article about Google’s plan
to kill the web has been completely de-listed from Google News. This is
completely unprecedented and underscores how keen Google is to prevent
people from finding out that it is a CIA-NSA front that is preparing to
completely end the Internet as we know it with the Verizon net-neutrality
killing deal.
10 Signs The U.S. is Becoming a Third World Country Activist Post | Key
economic indicators point to a situation potentially worse than the
Great Depression.
“Surprisingly” Bad Economic News Bob Livingston | Have you noticed how
often the elitist “economists” in government, academia and the media
are surprised by bad economic news?
Are You Ready For How Bad It Will Get? Graham Summers | There are
numerous components in the latest GDP number that are extremely
suspect.
How Goldman Sachs Is Screwing Over Other Banks In The Coming GM IPO
As if its rivals didn’t have reason enough to hate Goldman Sachs (GS),
they’ve just been given one more reason.
China Favors Euro Over Dollar as Bernanke Alters Path Bloomberg | China,
whose $2.45 trillion in foreign-exchange reserves are the world’s
largest, is turning bullish on Europe and Japan at the expense of the
U.S.
Gold Providing Safety During Market Downturn ‘ … The death cross occurs
when the 50 day moving average crosses the 200 day moving average on
the downside. These patterns, when combined with other technical
indicators can predict major market downturns…THE ODDS OF A LONG
TERM DOWNTREND ARE BECOMING HIGHLY PROBABLE. THESE
SIGNALS COULD POSSIBLY INDICATE THE START OF A TWELVE TO
EIGHTEEN MONTH DOWN CYCLE. Gold, on the other hand, has shown
great relative strength despite the general markets correcting and negative
sentiment about the economy from Washington…’
Pension check may not be in the mail Chicago Tribune | Illinois public
employees who think the state constitution guarantees that they’ll get
all their pension benefits
Back to School? Bring Your Own Toilet Paper New York Times | “The first
time I saw it, my mouth hit the floor,” Emily’s mother, Kristin Cooper,
said of the list, which also included perennials like glue sticks,
scissors and crayons.
An Argentina-like Economic Crisis Scott Strzelczyk | The United States’
economic decline precariously resembles Argentina’s economic
collapse.
U.S. Economy Near Point of No Return Dan Weil | The Federal Reserve’s
decision to expand its quantitative easing by purchasing more
Treasuries is a dangerous one.
The Trade Deficit Nightmare When they hear the word deficit, most
Americans immediately think of the U.S. government budget deficit
which is rapidly spiralling out of control.
Fed Official Admits the Fed Starts Boom/Bust Cycles There are all kinds of
things awry with this article…
Fed’s Hoenig: Keeping Rates Too Low ‘Dangerous Gamble’ The Federal
Reserve is undertaking a “dangerous gamble” by keeping rates at
near zero for so long, and must start raising rates or risk damaging
the nascent U.S. recovery, a top Federal Reserve official said on
Friday.
Dr David Kelly was on a hitlist, says UN weapons expert as calls grow for
full inquest Mail Online | Dr Richard Spertzel claimed Dr Kelly was on a
‘hitlist’ in the final years of his life.
Iran Attack This Week? Kurt Nimmo | John Bolton and the neocons refuse
to accept that Iran’s facility will produce nuclear energy and insist it
will be used to create nuclear weapons.
Shilling for War on Iran I guess I was naïve in thinking that The Atlantic
and its American-Israeli writer Jeffrey Goldberg might shy away from
arguing for yet another war — this one with Iran — while the
cauldrons are still boiling in Afghanistan and Iraq. Even world-class
chutzpah must have its limits, I had thought.
U.S. Economy Near Point of No Return Dan Weil | The Federal Reserve’s
decision to expand its quantitative easing by purchasing more
Treasuries is a dangerous one.
When preparing for a bear market (we'll discuss in a moment why we have
been preparing for a bear market), it is prudent to start early. Anyone who
sold their long positions as early as September last year would be in a
better position than the buy-and hold crowd that is still clinging to their
holdings.
By now, even the mainstream media is sensing that something might not
be quite right with the market's performance. However, there is still hope
that the second half of the year will get a lift from positive earning results.
Before you bet your money on that line of reasoning, consider the picture
the media painted days within the April 2010 market top.
April 25, 2010: 'U.S. stocks cheapest since 1990 on analyst estimates' –
Bloomberg
'Technical Analysts see room to roll' - Wall Street Journal
Over the past two and a half months, the S&P (NYSEArca: SPY - News) and
Dow (NYSEArca: DIA - News) have lost as much as 17%. A 20% loss is
considered the mark of a new bear market. In essence, we are only one bad
day away from the next bear. Of course, throughout the massive bear
market rally from the March 2009 lows, which the ETF Profit Strategy
Newsletter predicted via the March 2, 2009 Trend Change Alert, the
newsletter maintained that it was only a bear market trap which would fool
a majority of investors. On April 16 it stated that 'Most bulls have no clue
why they are bullish except for the fact that they feel the need to play the
momentum game. Sounds like 2000 and 2007 all over again. The message
conveyed by the composite bullishness is unmistakably bearish.'
On May 14, the ETF Profit Strategy Newsletter predicted that the S&P
(NYSEArca: IVV - News) will fall through the important 1,040 resistance
level. Aside from a small cluster of resistances (one being round number
resistance), a break below 1,040 opened the door wide for significantly
lower prices. We mentioned above that we've been preparing for a
reemerging bear market even before the April highs. Why? Simply put,
stocks are overvalued. How can that be? One of the above headlines read
that U.S. stocks are cheapest since 1990, at least according to analyst
projections. The key word is projections. Analysts project operating
earnings for the S&P to clock in at $94.83 in 2011. This is higher than the
2007 peak of $91.47. That's right, despite record high unemployment, a
European (NYSEArca: VGK - News) debt crisis, a 17% U.S. market
correction, and all the other problems economists expect corporate profits
will exceed their 2007 all-time highs. Does that sound reasonable to you?
Keep in mind that projected earnings are just that - projected. They can and
will change. In fact, analysts have a reputation of following the trend. In
April 2008, analysts predicted earnings of $113. After cutting its forecast to
$53, Goldman Sachs cut its earnings forecast to $40 in March 2009. As we
know today, stocks rallied, and actual 2009 earnings came in at $56.87. The
list goes on, but the simple message is that analysts tend to be overly
optimistic before the fall and overly pessimistic before a rally. Right now
they are overly optimistic. The conclusion is easy.
Even when basing the current P/E ratio on overly optimistic estimates, it is
still far away from the P/E ratios seen at historic market bottoms. The same
holds true for dividend yields. A look at various valuation measures shows
that the market is overvalued by much more than just 10 or 20%. The ETF
Profit Strategy Newsletter provides a detailed analysis of four valuation
metrics with a near spotless track record of historic accuracy…’
No Exit, Stage Left or Right Peter shiff ‘… Those who fear a double dip
recession are justified in their concerns, but they are also missing the big
picture. The 2008 recession never ended. It was merely interrupted by
trillions of dollars of stimulus that purchased GDP “growth” with borrowed
money. But as the bills come due, GDP should now contract … After
decades of abuse, it’s time for the Fed to take make a dramatic exit,
because the US economy can’t take it anymore.’
An Argentina-like Economic Crisis Scott Strzelczyk | The United States’
economic decline precariously resembles Argentina’s economic
collapse.
The Dollar’s Third and Final Act LewRockwell.com | The US credit system is
in the midst of its third credit crisis since the advent of the Federal
Reserve.
Roubini: Even If The Economy Doesn’t Technically Double Dip, It’s Still
Going To Be Awful If you haven’t seen it already, I highly recommend
this interview with Nouriel Roubini. Particularly he raises the point
that while the U.S. may not technically double-dip into a new
recession, it’s going to feel like it is.
Hindenburg Omen: Stock Market Crash Imminent? Easily the most feared
technical pattern in all of chartism (for the bullishly inclined) is the
dreaded Hindenburg Omen. Those who know what it is, tend to have
an atavistic reaction to its mere mention.
Capital Controls: The Final Phase in the Great Looting of America Eric
Blair | Capital controls are the next big event in the government-banking-
oligarchy’s great looting of America.
Jobless claims jump to 5-month high The number of first-time filers for
unemployment insurance rose to the highest level since late February
last week, according to a weekly government report released
Thursday.
Deficit in July Totals $165.04 Billion The U.S. government spent itself
deeper into the red last month, paying nearly $20 billion in interest on
debt and an additional $9.8 billion to help unemployed Americans.
Fed Leads America “To The Brink Of Collapse” When even the New York
Times and CNN are admitting that the United States faces not only a
double-dip recession but potentially a new great depression, any alarm
bells that have not been rung should now be sounding loudly.
Bailouts Went To Foreign Banks: Congressional Report Confirms What We
Already Knew A Congressional Oversight Panel issued today highlights the
fact that large portions of the Treasury’s $700 billion bailout fund have
gone straight into the coffers of foreign banks, a fact that we knew months
ago, but is only now being officially recognised.
Fed Leads America “To The Brink Of Collapse” Paul Joseph Watson |
Bernanke announcement that central bank will buy US debt marks
point of no return.
U.S. Is Bankrupt and We Don’t Even Know Bloomberg | Let’s get real.
The U.S. is bankrupt. Neither spending more nor taxing less will help
the country pay its bills.
Marc Faber: Protect Your Property with High Voltage Fences, Barbed Wire,
Booby Traps, Military Weapons and Dobermans Investment guru and
publisher of The Gloom, Boom and Doom report, Marc Faber, regularly
discusses investment strategies for protecting and building wealth during
times of economic distress.
States get grants to help regulate health insurance rates (Washington Post)
Sounds like a plan … born of capital hill math; viz., ie., just sayin’, $1
million for a bureaucracy that will cost many millions, even as states
like the nation itself are defacto bankrupt.
In Supporting The Ground Zero Mosque, Barack Obama Falls On His Sword
[ I really wasn’t inclined to comment on this because it’s just not that
big a deal except as to exceedingly small minds. However, I feel I must
say that if the jewish Mayor of NYC who is certainly no slouch and
really knows how to count thinks it’s ok, then it’s OK. Period! ] With
President barack obama’s political dynasty already on life support, his
decision to publicly back the hugely unpopular building of a Muslim
mosque near Ground Zero confirms that Obama, or rather the
advisors that pull his strings, have decided to commit political suicide
and cut him loose from the Washington power structure, with the
hope of fooling Americans with another establishment Republican as
a legitimate alternative in 2012.
Stocks dip for third straight day (Washington Post) [Investor fears? How
‘bout reality. Even an essentially non-business site as Drudge has the
pulse of this pervasive realization that ‘those dogs of happy days are here
again don’t hunt no more’. Check the heads: DRUDGEREPORT: America Is
'Bankrupt Mickey Mouse Economy'...
WIRE: USA 'Bankrupt and We Don't Even Know It'...
DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
YOUTH UNEMPLOYMENT HITS RECORD HIGH
JOBLESS CLAIMS JUMP TO HIGHEST SINCE FEB...
California can't pay bills -- may use IOUs for August payments...
DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
Homes lost to foreclosure up 6% from last year...
Grim Voter Mood Turns Grimmer... and Economists Herald New Great
Depression The world is currently experiencing the modern day equivalent
of the Great Depression, according to a prominent economist who has
added his voice to scores of others now forecasting ongoing economic
doom on a scale not seen since the 1930s. Peter Schiff: “We’re in the Early
Stages of a Depression” The Motley Fool | Four years and the worst
recession since the Great Depression later, Schiff stands alone again with
a bleaker diagnosis for the economy: an inflationary depression. My take:
This is a global depression. This is a secular bear market in a global
depression. The past up move was a manipulated bull (s***) cycle in a
secular bear market. This has been a typically manipulated bubble as has
preceded the prior crashes with great regularity that the wall street frauds
and insiders commission and sell into. This is a typical wall street churn
and earn pass the hot potato scam / fraud as in prior crashes’. This
national decline, economic and otherwise, will not end until justice is
served and the wall street frauds et als are criminally prosecuted, jailed,
fined, and disgorgement imposed
Pearlstein: The FCC and the bandwidth wars (Washington Post) [The
internet has been among the few areas of growth and american
prominence, at least at this point in time. Clearly, as with the throng that
heralded in NAFTA, the self-interested voices of ie., google, verizon, etc.,
are similarly anathema to the greater good (as was NAFTA). Berners-Lee
spoke against such parochialism in no uncertain terms, much as did Ross
Perot on NAFTA and history has proven Perot correct as is so of the mind
numbing approaches of google, verizon, etc.] Google-Verizon Pact: It Gets
Worse (infowars.com) [ Timothy Berners-Lee, putative father of the internet
along with Cerf, has already weighed in on this topic and strenuously
opposed same and whose learned opinion should be given great weight.
google and verizon as mere government shills at best and government, ie.,
nsa / cia, etc., operatives at worst, are ‘johnny-come-latelies’ and died fast
in government hands! ]. So Google and Verizon went public today with
their “policy framework” — better known as the pact to end the Internet as
we know it.
Bailouts benefited foreign firms (Washington Post) True enough! But, truth
be told, the fraud giving rise to the financial debacle was home grown
americana. Moreover, the remnants of same are still out there in the
trillions, now ‘marked to anything they so choose’, courtesy of a
complicit, albeit after the fact, congress. This is the point … rather
than as should have been the case of making the perps pay, the
bailouts / cover-ups by now enablers if not accomplices is ending
quite badly with much worse to come, and that includes those
european lightweights who have come into the fraudulent wall street
fold to theirs and the world’s economic and financial detriment.
Obama signs $26 billion jobs bill (WP) [I feel compelled to comment here
that even using capital hill math one would be hard-pressed to justify $26
billion taxpayer / treasury dollars they don’t really have, to save 300,000
state / local government jobs! After all, the nation is defacto bankrupt! I
think the former Soviet Union would have done the same.]
Fed action signals new activism (Washington Post) [ Riiiiight! The activist
fed! That’s all we need. As if we needed more of what brought us to this
point! Certainly the fed’s role in the continuing and current financial crisis /
debacle cannot be ignored or disputed. Nothing like a hegelian
methodology to create the very problems for which they are called upon to
offer solutions, increasing their sense of importance, and concentrating
power thereby. (Think about it. It is really rather quite absurd that each
meeting time the financial markets hold their bated breath for these
incompetent boobs). Then there’s the cover-up with an opportunity for
enrichment of some, usually the tight-lipped yes-men then ever after and
forever bonded in what becomes tantamount to an almost fraternal link by
‘virtue’ of the crime thereby. No, I’m not saying their initial missteps were
necessarily badly intended, but the manipulations thereafter to obfuscate
their incompetence (senile greenspun, no-recession-helicopter-ben, etc.)
comes at a great price and is nothing less than tantamount to or just
outright crime. I’d abolish the fed without hesitation or compunction. After
all, at this point of decline and defacto bankruptcy of the nation you
certainly can’t point to success nor argue their indispensability. Then
there’s also the missing trillions, over-printing of fiat currency, and all that
sub rosa activity with the worthless fraudulent toxic paper which I believe
is being supplanted with ultimately hard currency to the great benefit of the
frauds and great detriment to the nation.]
Congressman Calls Vote on $26 Billion Jobs Bill a Sign ‘We’re Not
Bankrupting the Country Fast Enough’ With a tone of sarcasm, a
California Republican congressman said that he “knows” why
members of the U.S. House of Representatives were summoned from
their home districts back to Washington, D.C., and the halls of
Congress.
U.S. Is Bankrupt and We Don’t Even Know Bloomberg | Let’s get real. The
U.S. is bankrupt. Neither spending more nor taxing less will help the
country pay its bills.
Crowd waiting for housing vouchers gets rowdy Atlanta Journal-
Constitution | A crowd of people hoping to get federal housing
assistance became unruly Wednesday morning with reports of fights
breaking out in the crowd.
Californians’ income falls for first time since WWII Sacramento Bee | The
personal incomes of Golden State workers fell by that amount in 2009
compared with the previous year.
Peter Schiff: “We’re in the Early Stages of a Depression” The Motley Fool |
Four years and the worst recession since the Great Depression later,
Schiff stands alone again with a bleaker diagnosis for the economy:
an inflationary depression.
Democrats, Advocacy Groups Blast Cuts to Food Stamps to Fund $26B Aid
Bill Some Democrats are upset and advocacy groups are outraged
over the raiding of the food-stamp cupboard to fund a state-aid bailout
that some call a gift to teachers and government union workers.
15 Economic Statistics That Just Keep Getting Worse A little over a week
ago, U.S. Treasury Secretary Timothy Geithner penned an article for
the New York Times entitled “Welcome To The Recovery” in which he
touted the great strides that the U.S. economy was making.
9 Reasons Why You Won’t See A Jobs Recovery Anytime Soon In two
words: small businesses.
The Oil Price Surge Indicator Says There’s A 100% Chance Of A New
Recession No, that headline is not a typo.
Gerald Celente On the Alex Jones Show: Double Dip Depression Will Lead
Us Into War The white shoe boys are taking us into the worst depression in
history.
Albert Edwards Explains How The Leading Indicator Is Already Back Into
Recession Territory And Why The Japan “Ice Age” Is Coming Albert
Edwards reverts to his favorite economic concept, the “Ice Age” in his
latest commentary piece, presenting another piece in the puzzle of
similarities between the Japanese experience and that which the US is
currently going through.
The Horrific Derivatives Bubble That Could One Day Destroy The Entire
World Financial System Today there is a horrific derivatives bubble
that threatens to destroy not only the U.S. economy but the entire
world financial system as well, but unfortunately the vast majority of
people do not understand it.
Goldman Made Between $11 And $16 Billion In 2009 Trading CDS And
Other Derivatives As part of its most recent FCIC grilling, David Viniar
left the political theater a month ago with a homework assignment to
disclose all of the firm’s derivative profits, as well as provide granular
detail on its derivative trades.
Japan Redux: A Video Case Study Of The Upcoming U.S. Lost Decade
Whether one believes in inflation or deflation, one thing is certain: in
many ways the current US experience finds numerous parallels to
what has been happening in Japan for not one but two decades.
Pentagon can’t account for $8.57 billion in Iraqi funds B is for billions. And
b is for it’s hard to believe that they’ve done it again. The last time,
even more money vanished, which I noted in my article, Following
Pentagon trillions to Israel and 9-11. This was under the Zionist Dov
Zakheim’s watch as Comptroller of the Pentagon from May 4, 2001, to
March 10, 2004.
Wall Street bill sweeps away stray remnant of 1933 Glass-Steagall Act In
seven simple lines buried in this year’s financial overhaul bill,
lawmakers swept away one of the last vestiges of the 1933 Glass-
Steagall Act that held sway over markets for decades.
Small firms pay price of bank boom: As bankers celebrate more profits,
more companies die from lack of loans Small businesses are paying
the price for the banks’ dramatic return to bumper profits.
Dollar approaches 15-year low against yen The dollar plunged to a fresh
eight-month low against the yen after US employment data
disappointed expectations, raising the prospect of looser monetary
policy from the Federal Reserve.
Riiiiight! That ‘no-longer looking’ dynamic that saves the day and the ue
rate at 9.5%. At this rate of progress, and according to their thinking and
manipulations, full employment at an unprecedented 0% unemployment is
just around the corner as everyone stops looking for the jobs no longer
here, many of which were sent overseas and which are not coming back
owing to substantial economic structural / financial shifts.
Jobs Report: Companies Slow to Hire ABC News - Only about 8 percent of
the 8.4 million jobs lost at the peak of the recession have been recovered,
leaving millions of Americans still looking for work, according to an
analysis by ABC News' Business Unit. Video: News Update: US
Unemployment Rate Holds at 9.5%, 71,000 Jobs Added in June
SmarTrend News 71K more jobs not enough to dent unemployment rate
The Associated Press
Between a Rock and a Hard Place Jerry Slusiewicz ‘Everyone knows that
being between a rock and a hard place is not a good place to be. That is
where the market is right now. We continue to have terrible news in the
housing sector. There is no general economic recovery as of yet. Jobless
claims continue to mount, while net new jobs are not being created in a
significant enough number to even sustain the population growth
(approximately 150,000 net new jobs per month needed). By far the majority
of economic reports for May, June, July, and now August, have been worse
than forecast. That includes home starts, home sales, home-builder
confidence, retail sales, auto sales, consumer confidence, durable goods
orders, manufacturing, jobs, etc. Yet the market rallies or barely goes down
on these bad reports. What gives? It seems that bad news is good news
right now…
Social Security in the red this year Washington Times | Meanwhile President
Obama’s health care overhaul has given Medicare’s basic Hospital
Insurance an extra 12 years of financial stability, though it did not
solve all of the program’s long-term challenges.
U.S. Employers Shed Jobs WSJ | he U.S. economy shed more jobs than
expected in July while the unemployment rate held steady at 9.5%, a
further sign the economic recovery may be losing momentum.
Dollar approaches 15-year low against yen The dollar plunged to a fresh
eight-month low against the yen after US employment data
disappointed expectations, raising the prospect of looser monetary
policy from the Federal Reserve.
Visualize Your State’s Financial Collapse Better Than Ever Just because
wishing away local and state financial collapse doesn’t work quite as
well as it does at the Federal level (courtesy of everyone’s favorite
printer genie), attached is a terrific interactive chart.
Stepping Aside Because I Can Always Buy Back In Leigh Drogen ‘I sold
out of everything this morning, for a few reasons…First, breakouts don’t
always work and momentum stocks have a habit of ending their trends
abruptly.
Second, …I can buy back in this afternoon if I change my mind (not likely). I
see more risk to the downside here than I do to the upside. …Third, the
jobs number tomorrow scares me. No, it doesn’t matter what the number is,
we all know it’s going to be bad, what matters is how the market reacts,
and I have the feel it’s not going to be good. Fourth, many of my oscillators
are overbought here.Fifth, and finally, I don’t like the fact that this rally has
primarily taken place on the back of the most beaten down sectors. …It all
just doesn’t pass the smell test for me. I’ve been successful at this not
because I’m always right, but because I know when I’m wrong and I’m
willing to change course or step aside. Right now, I’ll step aside.’
Food stamp use hit record 40.8m in May The number of Americans who
are receiving food stamps rose to a record 40.8 million in May as the
jobless rate hovered near a 27-year high, the government reported
yesterday.
China Officially Enters The Gold Market: Full Release Of PBoC’s Plan To
Expand And Develop China’s Gold Infrastructure The moment many
gold bulls have been waiting for – the Chinese Central Bank has just
released a directive informing everyone it is commencing the
development of a healthy gold market.
The Dollar Continues To Fall Like A Knife, As Euro Breaks Well Above
$1.32 Another violent change of direction from what we’ve come to
expect from the euro and the dollar.
22 Statistics About America’s Coming Pension Crisis That Will Make You
Lose Sleep At Night As the first of the 80 million Baby Boomers have
begun to retire, it has become increasingly apparent that the United
States is facing a pension crisis of unprecedented magnitude.
Layoffs to gut East St. Louis police force St. Louis Dispatch | East St. Louis
will layoff 37 employees, including 19 of its 62 police officers.
Come on! Who are they kidding? All the data was bad, and that ‘not bad as
expected dog don’t hunt anymore’!
u.s.:
We already know they’re criminally insane on wall street! Yahoo: ‘…
The mood improved further still after the ISM Manufacturing Index for
July came in at 55.5. That may have marked a pullback from the 56.2
of June, but it exceeded the 54.2 that had been widely expected ...’
Oh, yeah … there’s also the higher oil prices, ever more worthless Weimar
dollar part of the rally, and so on!
Warning Signs Suggest Market Headed for Another Collapse … One can
find no shortage of fundamental or mechanical theories explaining what
might form the basis of a future financial collapse published at Zero Hedge,
by Nassim Nicholas Taleb, Nouriel Roubini or Karl Denninger. In fact, I buy
into a lot of the evidence presented by these sources, and believe that one
gains a better grasp of financial reality spending 10 minutes with Zero
Hedge than spending 2 weeks listening to the mainstream financial media.
It is laughable to compare the vacant drivel coming out of Dennis Kneale to
even one single article published by Tyler Durden or Ryan Iskander…
1. HEAD & SHOULDERS ON THE S&P 500, DOW JONES, AND NASDAQ …
Why Must The Media Keep Trotting Out Senile Incompetent greenspun And
His Economic Lunacy? …and we continue to talk ourselves off the
edge of the cliff. For the second week in a row Meet The Press trotted
out the most financially incompetent of the financially incompetent
and placed them on their undeserving pedestal.
Trying to make August less of a 'dog' with sidewalk sale (Washington Post)
Sounds like a new, new plan to deal with the overwhelming success of
the panoply of government stimulus / tarp, etc., plans ‘financed’ with
money they don’t have and taxpayer ‘largesse’. For those who’ve lived
long enough, they’re waiting for the apple carts.
Did TARP work? Two economists say yes. (Washington Post) Come on! What
do you expect them to say? They’re invested in that position having
supported same despite the massive fraud for prosecution and
disgorgement was appropriate. Indeed, moody’s itself has been
faulted (liable?) for lax valuation / rating standards which contributed
to the debacle. Moreover, these ‘cheerleaders’ can always be counted
on to toe the network line which ultimately enables the ubiquitous
frauds we’ve seen. Amazingly, senile incompetent greenspun, co-
architect / enabler of the fraud / debacle was interviewed and used
such words in conjunction as ‘modest recovery, pause, double-dip
possible, quasi recession’. What total b***s***!
Are the American people obsolete? Salon | The richest few don’t need the
rest of us as markets, soldiers or police anymore. Maybe we should all
emigrate.
What's coming this week (Washington Post) How ‘bout last week and the new
american economic institution colloquially now known as ‘bank failure
Friday’ (the news dump so as to avoid the so-called ‘news cycle’). Then,
let’s hope for real rather than election-year market frothing fake / false /
manipulated data.
U.S. bank failures total 108 after 5 shut on Friday U.S. bank failures reached
108 so far in 2010 on Friday as regulators seized five small banks in
the Pacific Northwest and the Southeast, none publicly traded.
U.S. recovery hopes fade as economic growth dips Washington Post | The
recovery is fading, and a troubling new pattern is setting in: economic
growth that is too slow to put Americans back to work. The recovery
is fading, and a troubling new pattern is setting in: economic growth
that is too slow to put Americans back to work.
Ron Paul Goes After The SEC’s FOIA Exclusivity, Introduces SEC
Transparency Act What is unclear is whether the Ron Paul law
prohibts SEC staffers to spend 40 hours per week to browse porn on
the taxpayer’s dime.
U.S. recovery hopes fade as economic growth dips The recovery is fading,
and a troubling new pattern is setting in: economic growth that is too
slow to put americans back to work.
Hank Paulson Wants To Fix Fannie And Freddie By… Recreating Fannie
And Freddie Former Treasury Secretary, Goldman Sachs CEO, and
bailout architect Hank Paulson has a bit of a head-scratcher of an op-
ed in the Washington Post this evening all about charting a course for
sustainable housing policy in the US.
Marc Faber Questions if Dow Could Hit 1,000 In the August edition of the
‘The Gloom, Boom & Doom Report’ Marc Faber questions whether the Dow
could hit 1,000 as predicted by Robert Prechter, based on his interpretation
of Elliot Waves, Fibonacci numbers and socioeconomic trends. Prechter,
who has written 13 books on finance (external link), believes that the stock
market is historically overvalued in terms of dividends and earnings,
because of a “great rise in positive social mood.” But the mood changed in
2000 and the “trend toward negative social mood will lead to an economic
contraction,” according to Prechter. “Small bear markets lead to
recessions, big bear markets lead to depressions. The current bear market
will be the biggest in nearly 300 years, so the depression will be
correspondingly deep,” Prechter said.
The International Money Changers Reward the Euro for Forcing Austerity
Activist Post | The growing noise for “solutions” to America’s very real
debt problems is becoming louder as the calls for confiscating Social
Security and Pensions are now everyday news.
Wall St falls after weak outlooks drag (Reuters) U.S. stocks sagged in
volatile trading on Thursday after weak outlooks from technology
companies and downbeat comments from a Federal Reserve official gave
investors little reason to buy.
US Treasury is running on fumes The White House is screaming like a
stuck pig. WikiLeaks’ release of the Afghan War Documents “puts the
lives of our soldiers and our coalition partners at risk.”
Trillions for Wall Street Mike Whitney | The bottom line? When Wall Street is
hurting, money’s never a problem.
Look What Surprises They Snuck Into The Financial Reform Bill The
Economic Collapse | The financial reform bill was supposed to “fix”
Wall Street and the financial system, but it did not do much of
anything. Even just a decade ago, major pieces of legislation in the
U.S. Congress would be just a few dozen pages long. But today, it
seems like every time Congress passes an important bill it ends up
being over a thousand pages long.
Flaws of the European Stress Test … 'Bank stress test' became the magic
phrase. Nothing calms fear like a stress test that's labeled as rigorous. The
stress test raises a few very obvious questions: 1) Will it work? 2) Why was
it needed in addition to a $1 trillion aid package? 3) Is the stress test just a
gimmick to appease investors? The stress test is conducted by the
London-based Committee of European Banking Supervisors (CEBS).
Ironically, the test has ignored the majority of banks' holdings of sovereign
debt. Sovereign debt concerns by the so-called PIGS countries (Portugal,
Italy, Greece, and Spain) triggered the latest wave of financial problems.
Ignoring sovereign debt in the Euro stress test would be like ignoring toxic
real estate assets in the U.S. 10% Good - 90% Bad According to a Morgan
Stanley survey, European banks hold about 90% of their Greek government
bonds in their banking books and 10% in their trading books. The bonds in
the banking book are generally held until maturity, the bonds in the trading
book are traded more frequently. According to a document obtained by
Bloomberg, the stress test assumes a loss of 23.1% on Greek debt, 14% on
Portuguese bonds, 12.3% on Spanish debt, 4.7% on German debt, 10% on
U.K. debt, and 5.9% on French debt. However, the stress test only looks at
the bonds held in banks' trading books, which account for a mere 10% of
Greek bond holdings. Can that be called a stress test? Nouriel Roubini
says that 'the assumptions made about economic growth, about sovereign
risk are not realistic enough.' The fact that only seven banks failed the test
with a combined shortfall of $4.5 billion confirms the lax nature of the test.
… The U.S. Bank Stress Test - A Nice Façade A closer look under the hood
of the U.S. bank stress test, however, shows that there's not much
substance behind the facade either. It was determined that the 19 tested
U.S. banks need to increase their balance sheets by $75 billion to meet the
conditions of what's termed the 'worst case scenario.' To a large extent, the
$75 billion of additional capital was financially engineered. Banks didn't
have to actually raise $75 billion. They were able to change the label of
some of their assets on their balance sheets. The government supported
this practice via mandatory convertible preferred shares (detailed analysis
in May 2009 issue of the ETF Profit Strategy Newsletter) …’
SEC Says New FinReg Law Exempts It From Public Disclosure So much
for transparency.
Flashback: Bush report: Sending jobs overseas helps U.S. The movement
of American factory jobs and white-collar work to other countries is
part of a positive transformation that will enrich the U.S. economy
over time, even if it causes short-term pain and dislocation, the Bush
administration said yesterday.
Another Recession Due Circa 2012: Jim Rogers A new recession would be
due around 2012 but central banks will not be able to throw cash at it
anymore, Jim Rogers, chairman of Rogers Holdings, told CNBC
Tuesday.
Marc Faber: Relax, This Will Hurt A Lot Marc Faber closed out this week’s
Agora Financial Symposium with a speech that pretty much
recapitulated the view that the end of the world is if not nigh, then
surely tremendous dislocations to the existing socio-political and
economic landscape are about to take place (with some very dire
consequences for the US).
The Continuing Crisis in the New World Order LewRockwell.com | The crisis
continues in the new world financial order with no end in sight and no
real solution being put forth.
The Markets & The 'Teen Drama Economy' Jonathan Cheng If the market’s
mood swings these days are reminding you of high school, you’re
not alone ...
NATIONAL / WORLD
The following youtube video is well worth the look and explains how
and why the frauds on wall street have gotten away with their
devastating fraud thus far. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed. (
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER
CASE... ex-Justice official quit over the handling of a voter
intimidation case against the New Black Panther Party accused his
former employer of instructing attorneys in the civil rights division to
ignore cases that involve black defendants and white victims US v.
AZ... Cases against Wall Street lag despite Holder’s vows to target
financial fraud Obama broke promises ):
For the Same Reason I’ve Included Here a Web Site Archived FLV Version
of Esoteric Agenda http://albertpeia.com/esotericagenda.flv
Who’s Barry Soetoro, wobama? Get your very own BARRY SOETORO T-
Shirt and ask the question, "Where is the Birth Certificate?". The
REAL name of President Barack Obama is BARRY SOETORO so get a
t-shirt with a picture of him on the front and the question, "Where is
the Birth Certificate?". http://infowars-
shop.stores.yahoo.net/basot.html Obama’s Comeback Strategy:
Appearing On “The View” Now we know how the President will turn
his flagging political fortunes around… [More b*** s***!].
Is Obama a Marxist? He Works for the Bankers Glenn Beck, the Fox News
talking heads, and no shortage of Tea Party activists like to
characterize Barry Obama as a Marxist.
Poll: Waning support for Obama on wars usa today | Support for Obama’s
wars fell to 36%, down from 48% in a February poll.
President Obama’s Real Name “Barry Soetoro” Tops Google Trends Yet
another search term announced during the Alex Jones Show, “Barry
Soetoro” has topped Google Trends’ hot searches, and that means a
boost to exposing important keys to President Obama’s true history.
The #1 search trend corresponds with a visit to Austin, Texas today
from President Barack Obama, a.k.a. Barry Soetoro.
Barry Soetoro AKA Barack Obama’s Political Dynasty Crashes And Burns
While Barry Soetoro’s family lavish themselves at a luxury Spanish
resort amidst deepening economic turmoil, back home Obama’s
political dynasty crashes and burns as his approval ratings plunge to
a record low of 41 per cent with less than a few months to go before
the October midterm elections.
The Fraud Of Barry Soetoro (a.k.a. Barack Hussein Obama) (Feb. 24 ...
February 11, 2009
’Dear Senators and Congressmen:
Thank you for taking the time to review the documentation relevant
to the Constitutional legitimacy of the presidency Barack Obama.
There have been various problems with the vetting of Mr. Obama
throughout the campaign and the present. I’d like to take the
opportunity to highlight the most pertinent and alarming issues that
have been clearly revealed. I’m sure you will agree that this
information must be further investigated promptly before any
damage is done to the United States and its citizens beyond the
Constitutional compromises that currently exist. Most interesting,
though, is the fact that Mr. Obama has not simply ordered the
original vault copy of his birth certificate to be sealed and chosen to
retain three (3) law firms to defend the various cases spending a
reported $800,000 (of whose money?). If Mr. Obama has nothing to
hide, then why fight the more than 42 cases in federal courts alone
(according to Justia) and similar number in state courts of which the
merits are well-founded and substantiated through factual evidence,
state and federal statutes, and international laws? Main issue is that
the state of HI, according to statue 338 allows Foreign born
children of Hawaiian residents to obtain Hawaiian birth certificates
and obtain them based on a statement of one relative only. There is
plenty of evidence of Mr. Obama being born in Kenya and obtaining
his Hawaiian birth certificate based on a statement of his
grandparent only, who simply didn’t want to deal with immigration
and not based on any records from any hospitals. Extensive
searches in the State of Hawaii showed no birthing records for his
mother [Stanley] Ann Dunham in any hospital in Hawaii. … I
request all of this information to be forwarded to the Senate Armed
Services Committee, Senate Finance Committee, Senate Judicial
Committee, Mr. Steven Whitlock, director of the whistle blower office
of the IRS, ICE, State Department, and FBI for further investigation.
Respectfully submitted,
Dr. Orly Taitz, Esq.’
Google Yanks “Kill The Web” Article That Warned Of Internet Takeover
Having at first appeared as normal, our earlier article about Google’s
plan to kill the web has been completely de-listed from Google News.
This is completely unprecedented and underscores how keen Google
is to prevent people from finding out that it is a CIA-NSA front that is
preparing to completely end the Internet as we know it with the
Verizon net-neutrality killing deal.
US-Vietnam Military Drills Crank Up Tensions With China The U.S. Navy
just began military exercises with Vietnam in the South China Sea and
China, which had in the past been more accepting of the U.S.’ naval
power in the region, is now showing its anger, according to The Asia
Times.
Poll: ‘No’ to US wars at all time high A new opinion poll says the number of
Americans opposed to the US wars in Afghanistan and Iraq is at an all
time high.
Ground Zero Mosque Imam Is Globalist Stooge Steve Watson | CFR
member receives financial backing from who’s who of global
corporate elite.
Alex Jones and MSNBC’s Hit Piece: The Lost Footage Infowars.com | The
“rest of the story” found its way on YouTube and Alex Jones’
Facebook page.
Two Films That Blew Bilderberg Wide Open Paul Joseph Watson | Fidel
Castro’s spotlight on the Bilderberg clique is part of a global
awakening to the new world order.
Zionist Lobby Paid Off U.S. Journalists To Sell Israeli Foreign Policy Paul
Joseph Watson | Declassified documents take on deeper significance
in light of Jeffrey Goldberg and The Atlantic Monthly’s efforts to
propagandize for an attack on Iran.
The Ground Zero Mosque and Property Rights Kurt Nimmo | The issue is
not terrorism or 9/11, but the sanctity of the individual and his
property.
High-tech carts will tell on Cleveland residents who don’t recycle … and
they face $100 fine The chips will allow city workers to monitor how
often residents roll carts to the curb for collection. If a chip show a
recyclable cart hasn’t been brought to the curb in weeks, a trash
supervisor will sort through the trash for recyclables.
Zionist Lobby Paid Off U.S. Journalists To Sell Israeli Foreign Policy Newly
declassified documents highlighting how the Israeli lobby routinely
paid off journalists in the U.S. corporate media to write pro-Zionist
propaganda in support of Israeli aggression against Palestine and Iran
during the 60’s have taken on new significance after the Atlantic
Monthly, which is named in the documents as being complicit in the
bribing scandal, recently published a cover story hyping the necessity
and inevitability of an Israeli attack on Iran.
Ron Paul: The American Empire Can’t Afford Another War Infowars.com |
Alex welcomes back Congressman Ron Paul to the show to discuss
the latest on Iran, legislation in the house, and more.
9/11 Heroes Blast Obama: Forget The Mosque, We’re Dying Hero 9/11 first
responders, many of whom are sick and dying, have slammed Obama
in an open letter for ignoring their plight while taking the time to
outline views on a proposed mosque close to ground zero, the site of
the 2001 attacks that felled the twin towers.
In Supporting The Ground Zero Mosque, Barack Obama Falls On His Sword
[ I really wasn’t inclined to comment on this because it’s just not that
big a deal except as to exceedingly small minds. However, I feel I must
say that if the jewish Mayor of NYC who is certainly no slouch and
really knows how to count thinks it’s ok, then it’s OK. Period! ] With
President barack obama’s political dynasty already on life support, his
decision to publicly back the hugely unpopular building of a Muslim
mosque near Ground Zero confirms that Obama, or rather the
advisors that pull his strings, have decided to commit political suicide
and cut him loose from the Washington power structure, with the
hope of fooling Americans with another establishment Republican as
a legitimate alternative in 2012.
Former Pakistani Intel Chief Fears World War Three Is Imminent Former
Pakistani General and intelligence chief Hamid Gul appeared on the
Alex Jones Show yesterday for a full hour in what turned out to be a
fascinating extended interview, addressing the major geopolitical
issues that are shaping modern history.
Neocon Bolton Renews Call for Israel to Bomb Iran Last Friday the former
interim UN ambassador during the Bush administration went on Fox
News and warned that if Israel did not conduct a bombing raid against
Iran’s nuclear energy program within a few days, the window of
opportunity would be lost. Bolton made his comment following a
report last week that Russia will begin loading nuclear fuel at Iran’s
Bushehr reactor on July 21.
Google search: ‘bolton, neocon, mental problems’ About 143,000
results (0.37 seconds)
Here’s the first of many pages. Yeah … he’s that bad / psychotic!
Think Progress » John Bolton jokes about nuking Chicago,
entire ...
Feb 26, 2009 ... Bolton, the NEOCON gift that keeps on giving the
Repuglycans zero ... The problem with McCain was this. As a veteran and a
POW he get's high marks. ..... to get some treatment at the closest mental
health facility. ...
thinkprogress.org/2009/02/26/bolton-nukes-chicago/ - Cached - Similar
Think Progress » Even After North Korea Frees American Journalists ...
Aug 4, 2009 ... Bolton, like all neocons, doesn't understand that there is .....
Of course, we all know it was BUSH who caused the problem in the first
place, right? .... they view the world in the light of their own mental
disorder, ...
thinkprogress.org/2009/08/.../bolton-north-korea-journalists/ - Cached -
Similar
Show more results from thinkprogress.org
Dec 21, 2009 ... Re: Breaking: Neocon John Bolton Names Dick Cheney
"Conservati ... republicanism/conservatism is a mental illness that is killing
America and ... Problem is one side will shamelessly try and stack the deck
in their favor ...
crooksandliars.com › Blogs › Logan Murphy's blog - Cached - Similar
Apr 17, 2007 ... On March 25, John Bolton was interviewed by BBC
Newsnight's Jeremy Paxman (video here). ... I think the real problem was in
not relying more on Iraqis. .... BTW, a mental giant, you are not. The best
thing to happen to ...
www.democrats.com › Blogs › Bob Fertik's blog - Cached
Bolton and his neo-con crazies aren't setting the agenda anymore, ... And I
do not mean the mental condition of Mr Bolton and his fellow neocons. ...
www.lobelog.com/bolton-suggests-nuclear-attack-on-iran/ - Cached -
Similar
May 26, 2009 ... It's a special kind of mental illness. ... Bolton has been
derided as "the neocon's neocon" who "laps up the hosannas of fellow ...
atlasshrugs2000.typepad.com/.../dont-hold-your-breath-ambassador-
bolton.html - Cached
The BRAD BLOG : The Fall of the NeoCons: Bye Bye Bolton
Ambassador John Bolton: Israel Has 8 Day Deadline to Attack Iran ...
The Neocon Factor in - The Zealots of Dominance: The Neocon Factor ...
Obama, the one-term president [ The fact is, as I’ve previously commented,
he’s ok with and has already accepted his one-term ‘being there’ failed
presidency which explains his huge divergence from his promised
change, among other promises and the false expectations he created
thereby. He lacks courage, of course; but that’s become so typically
american and he’s very typical. ] Q: Will Barack Obama be a one-term
president? A: Yes, he might last that long.
Dreaded Hindenburg Omen Will Play Out Within 4 Weeks UBS Financial
Services Director Art Cashin says that we’ll know within 3 or 4 weeks
whether the dreaded Hindenburg Omen, a set of market factors that
precede a stock market collapse, will unfold as many are now
predicting.
Former Pakistani Intel Chief Fears World War Three Is Imminent Steve
Watson | General Hamid Gul points to “dark impulse” controlling US
system.
Obama: All In The Company Wayne Madsen | CIA connected to institutions
and individuals figuring prominently in the lives of Barack Obama, his
mother, father, grandmother, and stepfather.
Rand Paul Slams Obama: Stop Forcing Big Government Down Our Throats
Steve Watson | Kentucky Senate candidate Rand Paul made an
impassioned speech this weekend slamming the actions of the Obama
administration for continuing a big government agenda at the expense
of the American people.
Internet Kill Switch Bill Moves Closer To Senate Vote An Internet kill switch
bill that would give President Obama the power to shut down parts of
the world wide web for a period of at least four months without
congressional oversight has moved closer to a Senate vote, with one
of its primary advocates, Democratic co-chairman of the House
Cybersecurity Caucus Jim Langevin, threatening a “cyber-9/11″ if the
legislation is not quickly passed.
Exposing World Government: United We Fall Documentary Now Featured
on Prison Planet.tv United We Fall, a documentary by Bryan Law and
Dan Dicks, breaks down the North American Union and how “free
trade” agreements between the United States, Canada, and Mexico are
impoverishing people and stripping away national sovereignty.
Rand Paul Slams Obama: Stop Forcing Big Government Down Our Throats
Kentucky Senate candidate Rand Paul made an impassioned speech
this weekend slamming the actions of the Obama administration for
continuing a big government agenda at the expense of the interests of
the American people.
AT&T claims net neutrality is oppressive US TELECOM AT&T has come out
in support of Google’s contention that wireless communications are
different than wireline Internet services.
Capital Controls: The Final Phase in the Great Looting of America Eric
Blair | Capital controls are the next big event in the government-
banking-oligarchy’s great looting of America.
Military Industrial Complex: Of 158 retired generals advising wars, 80% tied
to defense industry; 29 are defense CEOs USA Today | Of the 158
retired generals and admirals identified as mentors, 80% had financial
ties to defense contractor; 29 were company executives.
Vegetable zionist Zelig joe lieberman’s Model For America: Purging The
Internet of Dissent When political Zelig joe lieberman attempted to
justify draconian legislation that would provide President Obama with
a figurative kill switch to shut down parts of the Internet, he cited the
Chinese system of Internet policing as model which america should
move towards
Obama Approval Rating Revisits Rock Bottom Despite Positive Media Spin
Despite positive corporate media spin amidst a cacophony of criticism
from both sides of the political spectrum, Barack Obama’s approval
rating matched its record low today according to Rasmussen Reports.
Fed Leads America “To The Brink Of Collapse” Paul Joseph Watson |
Bernanke announcement that central bank will buy US debt marks
point of no return.
China focuses on military might (Washington Post) [And the big difference
here (between them and defacto bankrupt america) is that ‘THEY CAN
AFFORD IT’ and are not fighting nation-bankrupting, anti-american-
sentiment-creating wars all over the place.] Nation is quickly modernizing
forces, extending influence deep into Pacific and Indian oceans.
Afghans still see U.S. as bad guy (Washington Post ) [Riiiiight! Sounds like
a plan … winning hearts and minds throughout the world … great for
exports also as such ‘won hearts and minds’ just love to buy american.]
American, NATO forces retain blame for civilian deaths despite spike from
insurgent violence.
U.S. looks to replicate Iraq strategy, tactics (Washington Post ) [Oh right!
Stick with that winning plan that worked so swimmingly (as in
drowning, in ie., debt, death, regional if not wordly anti-american
sentiment, etc.)]. In Kandahar, U.S. military officials hope that a secure
green zone, similar to the area in Baghdad, will make it more difficult
for Taliban insurgents to mount attacks to key buildings in the Afghan
city.
Google and Verizon DID do a deal for new internet ‘first class’
superhighway Technology giants Google and Verizon have today
paved the way for a future ‘two-tier’ internet in which companies can
pay extra to make sure their services get through. Google-Verizon
Pact: It Gets Worse [ Timothy Berners-Lee, putative father of the
internet along with Cerf, has already weighed in on this topic and
strenuously opposed same and whose learned opinion should be
given great weight. google and verizon as mere government shills at
best and government, ie., nsa / cia, etc., operatives at worst, are
‘johnny-come-latelies’ and died fast in government hands! ]. So
Google and Verizon went public today with their “policy framework”
— better known as the pact to end the Internet as we know it.
Iran Retaliates Against Sanctions: To Drop All Trade In “Filthy” Euro, Dollar
Yet another step in the escalation between Iran and the US came
earlier today.
Street Action: Poison In Tap Water Fliers Went out on a beautiful Saturday
after noon in Edmonton Alberta posting more fliers, posters etc. had a
great time had a few people harass me but nothing big. Just gave me
motivation to do more!! Resistance is Victory. Never Forget that.!!
The Coming Collapse of The U.S. Political Establishment The last U.S.
puppet regime to fall will be. . . the puppet regime in the White House.
Afghan war ‘kills 1,325 civilians this year’ More than 1,300 civilians have
been killed in Afghanistan so far this year, mostly by Taliban
insurgents, a leading Afghan rights group said Sunday.
Recession in U.S. Even Worse Than Estimated, Revisions Show The worst
U.S. recession since the 1930s was even deeper than previously
estimated, reflecting bigger slumps in consumer spending and
housing, according to revised figures.
Iran Unveils New Submarines and Makes More Persian Gulf Warnings Iran
announced the addition of four new submarines to its fleet Sunday,
saying the Iranian-manufactured vessels to be deployed in the Persian
Gulf have sonar-evading technology and can launch torpedoes and
missiles simultaneously.
Pentagon can’t account for $8.57 billion in Iraqi funds B is for billions. And
b is for it’s hard to believe that they’ve done it again. The last time,
even more money vanished, which I noted in my article, Following
Pentagon trillions to Israel and 9-11. This was under the Zionist Dov
Zakheim’s watch as Comptroller of the Pentagon from May 4, 2001, to
March 10, 2004.
Fidel Castro: Obama can avert impending nuclear holocaust Miami Herald |
If Obama approves an attack on Iran, war will spread through the
Middle East and Asia and cause hundreds of millions of deaths,
Castro warned.
Who poses the real threat to the Internet? A new opinion piece on
CNN.com argues that it’s the government, not the companies
providing internet access, that is the real danger to free speech and
the internet. [I personally have found more often and prospectively
problematic is that said government / company distinction is one
without a difference when the government flexes muscle, particularly
with leverage as ie., to non-performing monopolist microsoft, nsa/cia
partner google (to a lesser extent at this juncture), cnn/timewarner
cable (incompetence also a factor), fedex, etc.].
Swine Flu Investigator Jane Bürgermeister Faces Prison Now that there is
verifiable, unambiguous evidence that the Austrian government and
state prosecutors have faked criminal charges to provide a pretext to
arrest and detain me, I am going to apply to the European Court of
Human Rights.
U.S. Employers Shed Jobs The U.S. economy shed more jobs than
expected in July while the unemployment rate held steady at 9.5%, a
further sign the economic recovery may be losing momentum.
Gold Surges To Three Week High As Dollar Tanks Gold prices have surged
to to three week highs as the stock market and the U.S. economy
continue to flounder, leaving investors seeking a safe haven in hard
assets.
Globalists Race To Enforce Criminal Carbon Tax Despite the failure of last
year’s Copenhagen climate summit, the United Nations is pushing
ahead for a global carbon tax that will bankroll the expansion of world
government as globalists attempt to make Americans pay for the
evisceration of their own sovereinty and future prosperity.
Poison Tap Water Exposed As Soft Kill Weapon Water fluoridation has
come to refer to the addition of over 40 chemicals into the water
supply that synergistically come together to wreak havoc on the body
and its processes.
Poison Tap Water Makes Number 1 Google Search Poison tap water has
become the number one trending search term on Google trends today
after our efforts to bring attention to how sodium fluoride in tap water
is a deadly health threat went viral.
Sodium Fluoride: Poison In The Tap Water Alex Jones is launching a new
campaign to inform the public about the toxic chemical fluoride being
added to tap water across the country. While EPA scientists and
workers are calling for an end to water fluoridation, the government is
doing everything in its power to continue and even increase the
amount of toxic chemicals being added to public water supplies.
Naked Body Scanners: Monumental Cover Up Exposed At the height of the
furor over airport body scanners earlier this year, the TSA publicly
stated that it was not possible to store, record, transmit or print out
the images that show in detail the naked bodies of men, women and
children that have passed through them. At the time we presented
evidence to the contrary. Now it has been conclusively proven that the
TSA and other federal agencies using the scanners flat out lied to an
unwitting public.
China Holds More Military Exercises Amid Tensions With U.S. Chinese
armed forces on Thursday continued a second set of back-to-back
exercises, underscoring expanding capabilities and ambitions that
have prompted unease among top U.S. military officers. That unease
has been exacerbated by Beijing’s freezing of military-to-military ties.
Google and CIA Fund Political Precrime Technology More evidence has
emerged revealing Google’s spook connections. Noah Shachtman,
writing for Wired, details how the CIA’s technology investment
operation, In-Q-Tel, and Google are supporting a company that
monitors the web in real time.
White House proposal would ease FBI access to records of Internet activity
The Obama administration is seeking to make it easier for the FBI to
compel companies to turn over records of an individual’s Internet
activity without a court order if agents deem the information relevant
to a terrorism or intelligence investigation.
Google and CIA Plough Millions Into Huge ‘Recorded Future’ Monitoring
Project Steve Watson | Search Company’s ties to spy agency in
spotlight again over real time Internet monitoring.
Google and CIA Fund Political Precrime Technology Kurt Nimmo | Google is
complicit in the concerted effort to build a huge surveillance and
control grid.
Document leak part of U.S. plot, says Pakistani ex-general with ties to
Taliban From the deluge of leaked military documents published
Sunday, a former Pakistani spy chief emerged as a chilling
personification of his nation’s alleged duplicity in the Afghan war —
an erstwhile U.S. ally turned Taliban tutor.
Leaked files indicate U.S. pays Afghan media to run friendly stories Buried
among the 92,000 classified documents released Sunday by
WikiLeaks is some intriguing evidence that the U.S. military in
Afghanistan has adopted a PR strategy that got it into trouble in Iraq:
paying local media outlets to run friendly stories.
World Net Daily (I found them to be a less than credible israeli / bush
aministration shill at best and haven’t even looked at said site in many
years) writer says Fluoride is good for you. An open letter to Phil
Elmore Rob Dew / Kurt Nimmo | The only winners are the aluminum and
fertilizer industries that work hand in hand with public water works to
send toxic waste into the homes of millions across our country.
Oliver Stone has apologized for his anti-Semitic rant, but is the damage
already done. What damage? To perceived reality as opposed to reality?
When you look at america’s pro-israel, self-destructive, contra-indicated
policies, including the hands off policy vis-à-vis fraudulent wall street, you
see the truth to what he says which is what so many astute individuals are
already thinking / realizing. How can people continue to ignore the truth, to
their own detriment Think about it. Do you really think he would risk the
typical onslaught if the same weren’t true? ‘Director Oliver Stone has been
forced to make a grovelling apology over an anti-Semitic outburst. The
double Academy Award winner claimed that the Russians suffered more
during the Second World War and that there was a Jewish 'domination of
the media'. Stone also said that Jews had '****ed up' U.S. foreign policy for
years and suggested the British supported Hitler ...’ The relentless attacks
on Mel Gibson are of the same caliber and purpose; suppression of truth!
David Cameron: Israeli blockade has turned Gaza Strip into a ‘prison camp’
David Cameron used a visit to Turkey to make his strongest
intervention yet in the intractable Middle East conflict today when he
likened the experience of Palestinians in the blockadedGaza Strip to
that of a “prison camp”.
US, NATO behind Iran bombings: MP An Iranian lawmaker slams the recent
bombings in the country’s southeast as a plot by Western military
forces in the Middle East to spread terror on Iran’s borders.
Latino KKK: You are too white to be American! ALIPAC | Tan Klan woman
can scream racist comments because the Obama administration and most
of the major news networks in America have her back.
‘West, israel linked to SE Iran blasts’ A ranking official with the Islamic
Revolution Guards Corps (IRGC) has implicated “the us, israel and
some european countries” in the deadly blasts in the southeastern
Iranian city of Zahedan.
Wall Street Is Laundering Drug Money And Getting Away With It Zach Carter
| Wachovia was moving money behind literally tons of cocaine from
violent drug cartels. It wasn’t an accident.
Fed Official Admits the Fed Starts Boom/Bust Cycles There are all kinds of
things awry with this article…
Fed’s Hoenig: Keeping Rates Too Low ‘Dangerous Gamble’ The Federal
Reserve is undertaking a “dangerous gamble” by keeping rates at
near zero for so long, and must start raising rates or risk damaging
the nascent U.S. recovery, a top Federal Reserve official said on
Friday.
Lots of stimulus yet to be spent (Washington Post) [Wow! Sounds like Alec’s
looking for ‘work’ on wall street. I think his glass is not only ‘wall-street-half-full’,
but has an extra concentration of fluoride, the effects of which seem ‘reachingly
obvious’. Time to come back to economic reality, Alec. ]Alec MacGillis / As
Americans puzzle over why the economic stimulus package enacted more than a
year ago has failed to restore vigorous job growth, one explanation has emerged
from new reports: A lot of the money is not yet out the door.
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
Pension check may not be in the mail Chicago Tribune | Illinois public
employees who think the state constitution guarantees that they’ll get
all their pension benefits
Back to School? Bring Your Own Toilet Paper New York Times | “The first
time I saw it, my mouth hit the floor,” Emily’s mother, Kristin Cooper,
said of the list, which also included perennials like glue sticks,
scissors and crayons.
U.S. Economy Near Point of No Return Dan Weil | The Federal Reserve’s
decision to expand its quantitative easing by purchasing more
Treasuries is a dangerous one.
The Trade Deficit Nightmare When they hear the word deficit, most
Americans immediately think of the U.S. government budget deficit
which is rapidly spiralling out of control.
Stocks dip for third straight day (Washington Post) [Investor fears? How
‘bout reality. Even an essentially non-business site as Drudge has the
pulse of this pervasive realization that ‘those dogs of happy days are here
again don’t hunt no more’. Check the heads: DRUDGEREPORT: America Is
'Bankrupt Mickey Mouse Economy'...
WIRE: USA 'Bankrupt and We Don't Even Know It'...
DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
YOUTH UNEMPLOYMENT HITS RECORD HIGH
JOBLESS CLAIMS JUMP TO HIGHEST SINCE FEB...
California can't pay bills -- may use IOUs for August payments...
DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
Homes lost to foreclosure up 6% from last year...
Grim Voter Mood Turns Grimmer... and Economists Herald New Great
Depression The world is currently experiencing the modern day equivalent
of the Great Depression, according to a prominent economist who has
added his voice to scores of others now forecasting ongoing economic
doom on a scale not seen since the 1930s. Peter Schiff: “We’re in the Early
Stages of a Depression” The Motley Fool | Four years and the worst
recession since the Great Depression later, Schiff stands alone again with
a bleaker diagnosis for the economy: an inflationary depression. My take:
This is a global depression. This is a secular bear market in a global
depression. The past up move was a manipulated bull (s***) cycle in a
secular bear market. This has been a typically manipulated bubble as has
preceded the prior crashes with great regularity that the wall street frauds
and insiders commission and sell into. This is a typical wall street churn
and earn pass the hot potato scam / fraud as in prior crashes’. This
national decline, economic and otherwise, will not end until justice is
served and the wall street frauds et als are criminally prosecuted, jailed,
fined, and disgorgement imposed
Pearlstein: The FCC and the bandwidth wars (Washington Post) [The
internet has been among the few areas of growth and american
prominence, at least at this point in time. Clearly, as with the throng that
heralded in NAFTA, the self-interested voices of ie., google, verizon, etc.,
are similarly anathema to the greater good (as was NAFTA). Berners-Lee
spoke against such parochialism in no uncertain terms, much as did Ross
Perot on NAFTA and history has proven Perot correct as is so of the mind
numbing approaches of google, verizon, etc.] Google-Verizon Pact: It Gets
Worse (infowars.com) [ Timothy Berners-Lee, putative father of the internet
along with Cerf, has already weighed in on this topic and strenuously
opposed same and whose learned opinion should be given great weight.
google and verizon as mere government shills at best and government, ie.,
nsa / cia, etc., operatives at worst, are ‘johnny-come-latelies’ and died fast
in government hands! ]. So Google and Verizon went public today with
their “policy framework” — better known as the pact to end the Internet as
we know it.
Lavish lifestyle for bank executive in Waters case (Washington Post) While
this is typical of California, isn’t it as typical of the wall street frauds?
Scammin’ everybody with that too big to fail b*** s*** when they’re a
net economic drain, high frequency churn-and-earn computer
programmed trading scams among the more blatant frauds emanating
from their insatiable greed and sense of entitlement. Previous post:
Cities, counties could slash 500,000 more jobs (Washington Post)
Could? I’d say must. Particularly when you factor in that this election
‘spurt’ leaving the nation even more bankrupt is illusory. I had
occasion some time ago in speaking with a long-time California
resident (instructor at the college gym where I worked out) to express
my surprise at the bloated (municipal, state) high-priced bureaucracy
which of course is not productive except as to higher taxes and which
is at the forefront in the city of Bell where the city manager was paid
nearly 900,000 annually (with benefits the package was an incredible
$1,500,000), and specifically mentioned the part-time typical
compensation of $100,000 and contracts to interested, even familial,
parties. Of course, no one has done this better than feinstein, albeit on
a more federal level and China contracts through her husband’s
companies, as previousl set forth on this website. Drudgereport:
'Where do the bailouts end?' [I feel compelled to comment here that
even capital hill math would be hard-pressed to justify $26 billion
taxpayer / treasury dollars they don’t really have, to save 300,000 state
/ local government jobs! After all, the nation is defacto bankrupt! ]
Bailouts benefited foreign firms (Washington Post) True enough! But, truth
be told, the fraud giving rise to the financial debacle was home grown
americana. Moreover, the remnants of same are still out there in the
trillions, now ‘marked to anything they so choose’, courtesy of a
complicit, albeit after the fact, congress. This is the point … rather
than as should have been the case of making the perps pay, the
bailouts / cover-ups by now enablers if not accomplices is ending
quite badly with much worse to come, and that includes those
european lightweights who have come into the fraudulent wall street
fold to theirs and the world’s economic and financial detriment.
Obama signs $26 billion jobs bill (WP) [I feel compelled to comment here
that even using capital hill math one would be hard-pressed to justify $26
billion taxpayer / treasury dollars they don’t really have, to save 300,000
state / local government jobs! After all, the nation is defacto bankrupt! I
think the former Soviet Union would have done the same.]
Fed action signals new activism (Washington Post) [ Riiiiight! The activist
fed! That’s all we need. As if we needed more of what brought us to this
point! Certainly the fed’s role in the continuing and current financial crisis /
debacle cannot be ignored or disputed. Nothing like a hegelian
methodology to create the very problems for which they are called upon to
offer solutions, increasing their sense of importance, and concentrating
power thereby. (Think about it. It is really rather quite absurd that each
meeting time the financial markets hold their bated breath for these
incompetent boobs). Then there’s the cover-up with an opportunity for
enrichment of some, usually the tight-lipped yes-men then ever after and
forever bonded in what becomes tantamount to an almost fraternal link by
‘virtue’ of the crime thereby. No, I’m not saying their initial missteps were
necessarily badly intended, but the manipulations thereafter to obfuscate
their incompetence (senile greenspun, no-recession-helicopter-ben, etc.)
comes at a great price and is nothing less than tantamount to or just
outright crime. I’d abolish the fed without hesitation or compunction. After
all, at this point of decline and defacto bankruptcy of the nation you
certainly can’t point to success nor argue their indispensability. Then
there’s also the missing trillions, over-printing of fiat currency, and all that
sub rosa activity with the worthless fraudulent toxic paper which I believe
is being supplanted with ultimately hard currency to the great benefit of the
frauds and great detriment to the nation.]
U.S. Is Bankrupt and We Don’t Even Know Bloomberg | Let’s get real. The
U.S. is bankrupt. Neither spending more nor taxing less will help the
country pay its bills.
Californians’ income falls for first time since WWII Sacramento Bee | The
personal incomes of Golden State workers fell by that amount in 2009
compared with the previous year.
Peter Schiff: “We’re in the Early Stages of a Depression” The Motley Fool |
Four years and the worst recession since the Great Depression later,
Schiff stands alone again with a bleaker diagnosis for the economy:
an inflationary depression.
Democrats, Advocacy Groups Blast Cuts to Food Stamps to Fund $26B Aid
Bill Some Democrats are upset and advocacy groups are outraged
over the raiding of the food-stamp cupboard to fund a state-aid bailout
that some call a gift to teachers and government union workers.
15 Economic Statistics That Just Keep Getting Worse A little over a week
ago, U.S. Treasury Secretary Timothy Geithner penned an article for
the New York Times entitled “Welcome To The Recovery” in which he
touted the great strides that the U.S. economy was making.
Albert Edwards Explains How The Leading Indicator Is Already Back Into
Recession Territory And Why The Japan “Ice Age” Is Coming Albert
Edwards reverts to his favorite economic concept, the “Ice Age” in his
latest commentary piece, presenting another piece in the puzzle of
similarities between the Japanese experience and that which the US is
currently going through.
The Horrific Derivatives Bubble That Could One Day Destroy The Entire
World Financial System Today there is a horrific derivatives bubble
that threatens to destroy not only the U.S. economy but the entire
world financial system as well, but unfortunately the vast majority of
people do not understand it.
Goldman Made Between $11 And $16 Billion In 2009 Trading CDS And
Other Derivatives As part of its most recent FCIC grilling, David Viniar
left the political theater a month ago with a homework assignment to
disclose all of the firm’s derivative profits, as well as provide granular
detail on its derivative trades.
Japan Redux: A Video Case Study Of The Upcoming U.S. Lost Decade
Whether one believes in inflation or deflation, one thing is certain: in
many ways the current US experience finds numerous parallels to
what has been happening in Japan for not one but two decades.
Pentagon can’t account for $8.57 billion in Iraqi funds B is for billions. And
b is for it’s hard to believe that they’ve done it again. The last time,
even more money vanished, which I noted in my article, Following
Pentagon trillions to Israel and 9-11. This was under the Zionist Dov
Zakheim’s watch as Comptroller of the Pentagon from May 4, 2001, to
March 10, 2004.
Wall Street bill sweeps away stray remnant of 1933 Glass-Steagall Act In
seven simple lines buried in this year’s financial overhaul bill,
lawmakers swept away one of the last vestiges of the 1933 Glass-
Steagall Act that held sway over markets for decades.
Small firms pay price of bank boom: As bankers celebrate more profits,
more companies die from lack of loans Small businesses are paying
the price for the banks’ dramatic return to bumper profits.
Riiiiight! That ‘no-longer looking’ dynamic that saves the day and the ue
rate at 9.5%. At this rate of progress, and according to their thinking and
manipulations, full employment at an unprecedented 0% unemployment is
just around the corner as everyone stops looking for the jobs no longer
here, many of which were sent overseas and which are not coming back
owing to substantial economic structural / financial shifts.
Jobs Report: Companies Slow to Hire ABC News - Only about 8 percent of
the 8.4 million jobs lost at the peak of the recession have been recovered,
leaving millions of Americans still looking for work, according to an
analysis by ABC News' Business Unit. Video: News Update: US
Unemployment Rate Holds at 9.5%, 71,000 Jobs Added in June
SmarTrend News 71K more jobs not enough to dent unemployment rate
The Associated Press
Between a Rock and a Hard Place Jerry Slusiewicz ‘Everyone knows that
being between a rock and a hard place is not a good place to be. That is
where the market is right now. We continue to have terrible news in the
housing sector. There is no general economic recovery as of yet. Jobless
claims continue to mount, while net new jobs are not being created in a
significant enough number to even sustain the population growth
(approximately 150,000 net new jobs per month needed). By far the majority
of economic reports for May, June, July, and now August, have been worse
than forecast. That includes home starts, home sales, home-builder
confidence, retail sales, auto sales, consumer confidence, durable goods
orders, manufacturing, jobs, etc. Yet the market rallies or barely goes down
on these bad reports. What gives? It seems that bad news is good news
right now…
Social Security in the red this year Washington Times | Meanwhile President
Obama’s health care overhaul has given Medicare’s basic Hospital
Insurance an extra 12 years of financial stability, though it did not
solve all of the program’s long-term challenges.
U.S. Employers Shed Jobs WSJ | he U.S. economy shed more jobs than
expected in July while the unemployment rate held steady at 9.5%, a
further sign the economic recovery may be losing momentum.
Dollar approaches 15-year low against yen The dollar plunged to a fresh
eight-month low against the yen after US employment data
disappointed expectations, raising the prospect of looser monetary
policy from the Federal Reserve.
Visualize Your State’s Financial Collapse Better Than Ever Just because
wishing away local and state financial collapse doesn’t work quite as
well as it does at the Federal level (courtesy of everyone’s favorite
printer genie), attached is a terrific interactive chart.
Stepping Aside Because I Can Always Buy Back In Leigh Drogen ‘I sold
out of everything this morning, for a few reasons...’
The Dollar Continues To Fall Like A Knife, As Euro Breaks Well Above
$1.32 Another violent change of direction from what we’ve come to
expect from the euro and the dollar.
22 Statistics About America’s Coming Pension Crisis That Will Make You
Lose Sleep At Night As the first of the 80 million Baby Boomers have
begun to retire, it has become increasingly apparent that the United
States is facing a pension crisis of unprecedented magnitude.
Americans who swap passports London Telegraph | At the US Embassy in
London, there is a waiting list that none of the officials likes to
discuss. At the US Embassy in London, there is a waiting list that
none of the officials likes to discuss. On the list are Americans hoping
to give up their citizenship… (sure sign of insanity … I mean,
Orwellian england of all places?)
Layoffs to gut East St. Louis police force St. Louis Dispatch | East St. Louis
will layoff 37 employees, including 19 of its 62 police officers.
Come on! Who are they kidding? All the data was bad, and that ‘not bad as
expected dog don’t hunt anymore’!
europe:
the basket-case eu economy, with obfuscation taken directly out of
the fraudulent wall street playbook including fake stress tests, saw air
ball stock rally based on earnings data long ago discounted;
u.s.:
We already know they’re criminally insane on wall street! Yahoo: ‘…
The mood improved further still after the ISM Manufacturing Index for
July came in at 55.5. That may have marked a pullback from the 56.2
of June, but it exceeded the 54.2 that had been widely expected ...’
Oh, yeah … there’s also the higher oil prices, ever more worthless Weimar
dollar part of the rally, and so on!
Why Must The Media Keep Trotting Out Senile Incompetent greenspun And
His Economic Lunacy? …and we continue to talk ourselves off the
edge of the cliff. For the second week in a row Meet The Press trotted
out the most financially incompetent of the financially incompetent
and placed them on their undeserving pedestal.
Trying to make August less of a 'dog' with sidewalk sale (Washington Post)
Sounds like a new, new plan to deal with the overwhelming success of
the panoply of government stimulus / tarp, etc., plans ‘financed’ with
money they don’t have and taxpayer ‘largesse’. For those who’ve lived
long enough, they’re waiting for the apple carts.
Did TARP work? Two economists say yes. (Washington Post) Come on! What
do you expect them to say? They’re invested in that position having
supported same despite the massive fraud for prosecution and
disgorgement was appropriate. Indeed, moody’s itself has been
faulted (liable?) for lax valuation / rating standards which contributed
to the debacle. Moreover, these ‘cheerleaders’ can always be counted
on to toe the network line which ultimately enables the ubiquitous
frauds we’ve seen. Amazingly, senile incompetent greenspun, co-
architect / enabler of the fraud / debacle was interviewed and used
such words in conjunction as ‘modest recovery, pause, double-dip
possible, quasi recession’. What total b***s***!
Are the American people obsolete? Salon | The richest few don’t need the
rest of us as markets, soldiers or police anymore. Maybe we should all
emigrate.
What's coming this week (Washington Post) How ‘bout last week and the new
american economic institution colloquially now known as ‘bank failure
Friday’ (the news dump so as to avoid the so-called ‘news cycle’). Then,
let’s hope for real rather than election-year market frothing fake / false /
manipulated data.
U.S. bank failures total 108 after 5 shut on Friday U.S. bank failures reached
108 so far in 2010 on Friday as regulators seized five small banks in
the Pacific Northwest and the Southeast, none publicly traded.
U.S. recovery hopes fade as economic growth dips Washington Post | The
recovery is fading, and a troubling new pattern is setting in: economic
growth that is too slow to put Americans back to work. The recovery
is fading, and a troubling new pattern is setting in: economic growth
that is too slow to put Americans back to work.
Ron Paul Goes After The SEC’s FOIA Exclusivity, Introduces SEC
Transparency Act What is unclear is whether the Ron Paul law
prohibts SEC staffers to spend 40 hours per week to browse porn on
the taxpayer’s dime.
U.S. recovery hopes fade as economic growth dips The recovery is fading,
and a troubling new pattern is setting in: economic growth that is too
slow to put americans back to work.
Hank Paulson Wants To Fix Fannie And Freddie By… Recreating Fannie
And Freddie Former Treasury Secretary, Goldman Sachs CEO, and
bailout architect Hank Paulson has a bit of a head-scratcher of an op-
ed in the Washington Post this evening all about charting a course for
sustainable housing policy in the US.
Marc Faber Questions if Dow Could Hit 1,000 In the August edition of the
‘The Gloom, Boom & Doom Report’ Marc Faber questions whether the Dow
could hit 1,000 as predicted by Robert Prechter, based on his interpretation
of Elliot Waves, Fibonacci numbers and socioeconomic trends. Prechter,
who has written 13 books on finance (external link), believes that the stock
market is historically overvalued in terms of dividends and earnings,
because of a “great rise in positive social mood.” But the mood changed in
2000 and the “trend toward negative social mood will lead to an economic
contraction,” according to Prechter. “Small bear markets lead to
recessions, big bear markets lead to depressions. The current bear market
will be the biggest in nearly 300 years, so the depression will be
correspondingly deep,” Prechter said.
The International Money Changers Reward the Euro for Forcing Austerity
Activist Post | The growing noise for “solutions” to America’s very real
debt problems is becoming louder as the calls for confiscating Social
Security and Pensions are now everyday news.
Wall St falls after weak outlooks drag (Reuters) U.S. stocks sagged in
volatile trading on Thursday after weak outlooks from technology
companies and downbeat comments from a Federal Reserve official gave
investors little reason to buy.
Look What Surprises They Snuck Into The Financial Reform Bill The
Economic Collapse | The financial reform bill was supposed to “fix”
Wall Street and the financial system, but it did not do much of
anything. Even just a decade ago, major pieces of legislation in the
U.S. Congress would be just a few dozen pages long. But today, it
seems like every time Congress passes an important bill it ends up
being over a thousand pages long.
Flaws of the European Stress Test … 'Bank stress test' became the magic
phrase. Nothing calms fear like a stress test that's labeled as rigorous. The
stress test raises a few very obvious questions: 1) Will it work? 2) Why was
it needed in addition to a $1 trillion aid package? 3) Is the stress test just a
gimmick to appease investors? The stress test is conducted by the
London-based Committee of European Banking Supervisors (CEBS).
Ironically, the test has ignored the majority of banks' holdings of sovereign
debt. Sovereign debt concerns by the so-called PIGS countries (Portugal,
Italy, Greece, and Spain) triggered the latest wave of financial problems.
Ignoring sovereign debt in the Euro stress test would be like ignoring toxic
real estate assets in the U.S. 10% Good - 90% Bad According to a Morgan
Stanley survey, European banks hold about 90% of their Greek government
bonds in their banking books and 10% in their trading books. The bonds in
the banking book are generally held until maturity, the bonds in the trading
book are traded more frequently. According to a document obtained by
Bloomberg, the stress test assumes a loss of 23.1% on Greek debt, 14% on
Portuguese bonds, 12.3% on Spanish debt, 4.7% on German debt, 10% on
U.K. debt, and 5.9% on French debt. However, the stress test only looks at
the bonds held in banks' trading books, which account for a mere 10% of
Greek bond holdings. Can that be called a stress test? Nouriel Roubini
says that 'the assumptions made about economic growth, about sovereign
risk are not realistic enough.' The fact that only seven banks failed the test
with a combined shortfall of $4.5 billion confirms the lax nature of the test.
… The U.S. Bank Stress Test - A Nice Façade A closer look under the hood
of the U.S. bank stress test, however, shows that there's not much
substance behind the facade either. It was determined that the 19 tested
U.S. banks need to increase their balance sheets by $75 billion to meet the
conditions of what's termed the 'worst case scenario.' To a large extent, the
$75 billion of additional capital was financially engineered. Banks didn't
have to actually raise $75 billion. They were able to change the label of
some of their assets on their balance sheets. The government supported
this practice via mandatory convertible preferred shares (detailed analysis
in May 2009 issue of the ETF Profit Strategy Newsletter) …’
SEC Says New FinReg Law Exempts It From Public Disclosure So much
for transparency.
Flashback: Bush report: Sending jobs overseas helps U.S. The movement
of American factory jobs and white-collar work to other countries is
part of a positive transformation that will enrich the U.S. economy
over time, even if it causes short-term pain and dislocation, the Bush
administration said yesterday.
Another Recession Due Circa 2012: Jim Rogers A new recession would be
due around 2012 but central banks will not be able to throw cash at it
anymore, Jim Rogers, chairman of Rogers Holdings, told CNBC
Tuesday.
Marc Faber: Relax, This Will Hurt A Lot Marc Faber closed out this week’s
Agora Financial Symposium with a speech that pretty much
recapitulated the view that the end of the world is if not nigh, then
surely tremendous dislocations to the existing socio-political and
economic landscape are about to take place (with some very dire
consequences for the US).
The Continuing Crisis in the New World Order LewRockwell.com | The crisis
continues in the new world financial order with no end in sight and no
real solution being put forth.
The Markets & The 'Teen Drama Economy' Jonathan Cheng If the market’s
mood swings these days are reminding you of high school, you’re
not alone ...
Capital Controls: The Final Phase in the Great Looting of America Eric
Blair | Capital controls are the next big event in the government-
banking-oligarchy’s great looting of America.
Pat Tillman’s Father To Army Investigator: ‘F— You… And Yours’ There
always was a dark cinematic thread to the story of Pat Tillman: the football
star imbued with post-9/11 patriotism who was killed in a friendly-fire
incident in the Afghan mountains and the allegations of a massive
bureaucratic cover-up involving the highest levels of the U.S. Army in the
wake of the tragedy.
Pat Tillman’s Father To Army Investigator: ‘F– You… And Yours’ Huffington
Post | The Weinstein Company sent the Huffington Post two
previously unseen letters written by Tillman’s father at the peak of
frustration with the army’s investigation into his son’s death.
Military Industrial Complex: Of 158 retired generals advising wars, 80% tied
to defense industry; 29 are defense CEOs USA Today | Of the 158
retired generals and admirals identified as mentors, 80% had financial
ties to defense contractor; 29 were company executives.
Cybersecurity Lie Exposed: Power Plants Are Not Connected To The
Internet Senator Joe Lieberman’s draconian Internet takeover
legislation, the 197-page Protecting Cyberspace as a National Asset
Act, is being promoted as a vital tool to protect vulnerable
infrastructure hubs from terrorist attacks, but as a recent Wall Street
Journal report makes clear, large industrial power and water plants
are not even connected to the public Internet.
Vegetable zionist Zelig joe lieberman’s Model For America: Purging The
Internet of Dissent When political Zelig joe lieberman attempted to
justify draconian legislation that would provide President Obama with
a figurative kill switch to shut down parts of the Internet, he cited the
Chinese system of Internet policing as model which america should
move towards
Obama Approval Rating Revisits Rock Bottom Despite Positive Media Spin
Despite positive corporate media spin amidst a cacophony of criticism
from both sides of the political spectrum, Barack Obama’s approval
rating matched its record low today according to Rasmussen Reports.
Fed Leads America “To The Brink Of Collapse” When even the New York
Times and CNN are admitting that the United States faces not only a
double-dip recession but potentially a new great depression, any
alarm bells that have not been rung should now be sounding loudly.
Marc Faber: Protect Your Property with High Voltage Fences, Barbed Wire,
Booby Traps, Military Weapons and Dobermans Investment guru and
publisher of The Gloom, Boom and Doom report, Marc Faber,
regularly discusses investment strategies for protecting and building
wealth during times of economic distress.
Fed Leads America “To The Brink Of Collapse” Paul Joseph Watson |
Bernanke announcement that central bank will buy US debt marks
point of no return.
Iran Retaliates Against Sanctions: To Drop All Trade In “Filthy” Euro, Dollar
Yet another step in the escalation between Iran and the US came
earlier today.
Street Action: Poison In Tap Water Fliers Went out on a beautiful Saturday
after noon in Edmonton Alberta posting more fliers, posters etc. had a
great time had a few people harass me but nothing big. Just gave me
motivation to do more!! Resistance is Victory. Never Forget that.!!
The Coming Collapse of The U.S. Political Establishment The last U.S.
puppet regime to fall will be. . . the puppet regime in the White House.
Afghan war ‘kills 1,325 civilians this year’ More than 1,300 civilians have
been killed in Afghanistan so far this year, mostly by Taliban
insurgents, a leading Afghan rights group said Sunday.
Recession in U.S. Even Worse Than Estimated, Revisions Show The worst
U.S. recession since the 1930s was even deeper than previously
estimated, reflecting bigger slumps in consumer spending and
housing, according to revised figures.
Iran Unveils New Submarines and Makes More Persian Gulf Warnings Iran
announced the addition of four new submarines to its fleet Sunday,
saying the Iranian-manufactured vessels to be deployed in the Persian
Gulf have sonar-evading technology and can launch torpedoes and
missiles simultaneously.
Pentagon can’t account for $8.57 billion in Iraqi funds B is for billions. And
b is for it’s hard to believe that they’ve done it again. The last time,
even more money vanished, which I noted in my article, Following
Pentagon trillions to Israel and 9-11. This was under the Zionist Dov
Zakheim’s watch as Comptroller of the Pentagon from May 4, 2001, to
March 10, 2004.
Fidel Castro: Obama can avert impending nuclear holocaust Miami Herald |
If Obama approves an attack on Iran, war will spread through the
Middle East and Asia and cause hundreds of millions of deaths,
Castro warned.
Who poses the real threat to the Internet? A new opinion piece on
CNN.com argues that it’s the government, not the companies
providing internet access, that is the real danger to free speech and
the internet. [I personally have found more often and prospectively
problematic is that said government / company distinction is one
without a difference when the government flexes muscle, particularly
with leverage as ie., to non-performing monopolist microsoft, nsa/cia
partner google (to a lesser extent at this juncture), cnn/timewarner
cable (incompetence also a factor), fedex, etc.].
Swine Flu Investigator Jane Bürgermeister Faces Prison Now that there is
verifiable, unambiguous evidence that the Austrian government and
state prosecutors have faked criminal charges to provide a pretext to
arrest and detain me, I am going to apply to the European Court of
Human Rights.
U.S. Employers Shed Jobs The U.S. economy shed more jobs than
expected in July while the unemployment rate held steady at 9.5%, a
further sign the economic recovery may be losing momentum.
Gold Surges To Three Week High As Dollar Tanks Gold prices have surged
to to three week highs as the stock market and the U.S. economy
continue to flounder, leaving investors seeking a safe haven in hard
assets.
Globalists Race To Enforce Criminal Carbon Tax Despite the failure of last
year’s Copenhagen climate summit, the United Nations is pushing
ahead for a global carbon tax that will bankroll the expansion of world
government as globalists attempt to make Americans pay for the
evisceration of their own sovereinty and future prosperity.
Poison Tap Water Exposed As Soft Kill Weapon Water fluoridation has
come to refer to the addition of over 40 chemicals into the water
supply that synergistically come together to wreak havoc on the body
and its processes.
Poison Tap Water Makes Number 1 Google Search Poison tap water has
become the number one trending search term on Google trends today
after our efforts to bring attention to how sodium fluoride in tap water
is a deadly health threat went viral.
Sodium Fluoride: Poison In The Tap Water Alex Jones is launching a new
campaign to inform the public about the toxic chemical fluoride being
added to tap water across the country. While EPA scientists and
workers are calling for an end to water fluoridation, the government is
doing everything in its power to continue and even increase the
amount of toxic chemicals being added to public water supplies.
China Holds More Military Exercises Amid Tensions With U.S. Chinese
armed forces on Thursday continued a second set of back-to-back
exercises, underscoring expanding capabilities and ambitions that
have prompted unease among top U.S. military officers. That unease
has been exacerbated by Beijing’s freezing of military-to-military ties.
Google and CIA Plough Millions Into Huge ‘Recorded Future’ Monitoring
Project Google’s cosy relationship with the U.S. spy network has once
again been thrust into the spotlight as the company is reported to
have jointly invested with the CIA in an Internet monitoring project
that scours Twitter accounts, blogs and websites for all sorts of
information, and can also “predict the future”.
Google and CIA Fund Political Precrime Technology More evidence has
emerged revealing Google’s spook connections. Noah Shachtman,
writing for Wired, details how the CIA’s technology investment
operation, In-Q-Tel, and Google are supporting a company that
monitors the web in real time.
White House proposal would ease FBI access to records of Internet activity
The Obama administration is seeking to make it easier for the FBI to
compel companies to turn over records of an individual’s Internet
activity without a court order if agents deem the information relevant
to a terrorism or intelligence investigation.
Google and CIA Plough Millions Into Huge ‘Recorded Future’ Monitoring
Project Steve Watson | Search Company’s ties to spy agency in
spotlight again over real time Internet monitoring.
Google and CIA Fund Political Precrime Technology Kurt Nimmo | Google is
complicit in the concerted effort to build a huge surveillance and
control grid.
Document leak part of U.S. plot, says Pakistani ex-general with ties to
Taliban From the deluge of leaked military documents published
Sunday, a former Pakistani spy chief emerged as a chilling
personification of his nation’s alleged duplicity in the Afghan war —
an erstwhile U.S. ally turned Taliban tutor.
Leaked files indicate U.S. pays Afghan media to run friendly stories Buried
among the 92,000 classified documents released Sunday by
WikiLeaks is some intriguing evidence that the U.S. military in
Afghanistan has adopted a PR strategy that got it into trouble in Iraq:
paying local media outlets to run friendly stories.
World Net Daily (I found them to be a less than credible israeli / bush
aministration shill at best and haven’t even looked at said site in many
years) writer says Fluoride is good for you. An open letter to Phil
Elmore Rob Dew / Kurt Nimmo | The only winners are the aluminum and
fertilizer industries that work hand in hand with public water works to
send toxic waste into the homes of millions across our country.
David Cameron: Israeli blockade has turned Gaza Strip into a ‘prison camp’
David Cameron used a visit to Turkey to make his strongest
intervention yet in the intractable Middle East conflict today when he
likened the experience of Palestinians in the blockadedGaza Strip to
that of a “prison camp”.
US, NATO behind Iran bombings: MP An Iranian lawmaker slams the recent
bombings in the country’s southeast as a plot by Western military
forces in the Middle East to spread terror on Iran’s borders.
WASHPOST Ombudsman: Why Silence on Black Panther Story?
(Washington Post) ‘Thursday's Post reported about a growing controversy
over the Justice Department's decision to scale down a voter-intimidation
case against members of the New Black Panther Party. The story
succinctly summarized the issues but left many readers with a question:
What took you so long? For months, readers have contacted the
ombudsman wondering why The Post hasn't been covering the case. The
calls increased recently after competitors such as the New York Times and
the Associated Press wrote stories. Fox News and right-wing bloggers
have been pumping the story. Liberal bloggers have countered, accusing
them of trying to manufacture a scandal. But The Post has been virtually
silent. The story has its origins on Election Day in 2008, when two
members of the New Black Panther Party stood in front of a Philadelphia
polling place. YouTube video of the men, now viewed nearly 1.5 million
times, shows both wearing paramilitary clothing. One carried a
nightstick…’
Latino KKK: You are too white to be American! ALIPAC | Tan Klan woman
can scream racist comments because the Obama administration and most
of the major news networks in America have her back.
‘West, israel linked to SE Iran blasts’ A ranking official with the Islamic
Revolution Guards Corps (IRGC) has implicated “the us, israel and
some european countries” in the deadly blasts in the southeastern
Iranian city of Zahedan.
Wall Street Is Laundering Drug Money And Getting Away With It Zach Carter
| Wachovia was moving money behind literally tons of cocaine from
violent drug cartels. It wasn’t an accident.
Down in the Dumps Street: Dave's Daily Wall Street now Dump Street.
Options Action: Bearish Bet on the Market ‘During tumultuous times you
want to protect your portfolio but how should you do it? Brian Stutland has
a strategy using the S&P ETF He suggests selling a call against a long
position.
Jobless claims jump to 5-month high The number of first-time filers for
unemployment insurance rose to the highest level since late February
last week, according to a weekly government report released
Thursday.
Lavish lifestyle for bank executive in Waters case (Washington Post) While
this is typical of California, isn’t it as typical of the wall street frauds?
Scammin’ everybody with that too big to fail b*** s*** when they’re a
net economic drain, high frequency churn-and-earn computer
programmed trading scams among the more blatant frauds emanating
from their insatiable greed and sense of entitlement. Previous post:
Cities, counties could slash 500,000 more jobs (Washington Post)
Could? I’d say must. Particularly when you factor in that this election
‘spurt’ leaving the nation even more bankrupt is illusory. I had
occasion some time ago in speaking with a long-time California
resident (instructor at the college gym where I worked out) to express
my surprise at the bloated (municipal, state) high-priced bureaucracy
which of course is not productive except as to higher taxes and which
is at the forefront in the city of Bell where the city manager was paid
nearly $900,000 annually (with benefits the package was an incredible
$1,500,000), and specifically mentioned the part-time typical
compensation of $100,000 and contracts to interested, even familial,
parties. Of course, no one has done this better than feinstein, albeit on
a more federal level and China contracts through her husband’s
companies, as previously set forth on this website. Drudgereport:
'Where do the bailouts end?' [I feel compelled to comment here that
even capital hill math would be hard-pressed to justify $26 billion
taxpayer / treasury dollars they don’t really have, to save 300,000 state
/ local government jobs! After all, the nation is defacto bankrupt! ]
On-air use of N-word 'was wrong' (AP) (Washington Post) [The infamous ‘N’
word … the wobama Oedipal effect …] Dr. Laura apologizes for using
it on talk radio show with caller she deemed "hypersensitive" to
racism.
Bailouts benefited foreign firms (Washington Post) True enough! But, truth
be told, the fraud giving rise to the financial debacle was home grown
americana. Moreover, the remnants of same are still out there in the
trillions, now ‘marked to anything they so choose’, courtesy of a
complicit, albeit after the fact, congress. This is the point … rather
than as should have been the case of making the perps pay, the
bailouts / cover-ups by now enablers if not accomplices is ending
quite badly with much worse to come, and that includes those
european lightweights who have come into the fraudulent wall street
fold to theirs and the world’s economic and financial detriment.
Obama signs $26 billion jobs bill (WP) [I feel compelled to comment here
that even using capital hill math one would be hard-pressed to justify $26
billion taxpayer / treasury dollars they don’t really have, to save 300,000
state / local government jobs! After all, the nation is defacto bankrupt! I
think the former Soviet Union would have done the same.]
Fed action signals new activism (Washington Post) [ Riiiiight! The activist
fed! That’s all we need. As if we needed more of what brought us to this
point! Certainly the fed’s role in the continuing and current financial crisis /
debacle cannot be ignored or disputed. Nothing like a hegelian
methodology to create the very problems for which they are called upon to
offer solutions, increasing their sense of importance, and concentrating
power thereby. (Think about it. It is really rather quite absurd that each
meeting time the financial markets hold their bated breath for these
incompetent boobs). Then there’s the cover-up with an opportunity for
enrichment of some, usually the tight-lipped yes-men then ever after and
forever bonded in what becomes tantamount to an almost fraternal link by
‘virtue’ of the crime thereby. No, I’m not saying their initial missteps were
necessarily badly intended, but the manipulations thereafter to obfuscate
their incompetence (senile greenspun, no-recession-helicopter-ben, etc.)
comes at a great price and is nothing less than tantamount to or just
outright crime. I’d abolish the fed without hesitation or compunction. After
all, at this point of decline and defacto bankruptcy of the nation you
certainly can’t point to success nor argue their indispensability. Then
there’s also the missing trillions, over-printing of fiat currency, and all that
sub rosa activity with the worthless fraudulent toxic paper which I believe
is being supplanted with ultimately hard currency to the great benefit of the
frauds and great detriment to the nation.]
Netanyahu: Raid on aid flotilla was 'last resort' after talks failed
(Washington Post) Come on! Isn’t everyone tired of the israeli b*** s***
of contriving circumstances to sabotage resolution, then having
everyone pay the price for their intransigence and militancy (they have
illegal nukes, commit war crimes, etc.). Then there’s the everyone play
dumb in light thereof; and, defacto bankrupt america, et als, have
been very dumb which is not lost on the rest of the world. Time for
tough action against war criminal nation, international law / u.s.
resolution violator israel.
Peter Schiff: “We’re in the Early Stages of a Depression” The Motley Fool |
Four years and the worst recession since the Great Depression later,
Schiff stands alone again with a bleaker diagnosis for the economy:
an inflationary depression.
Democrats, Advocacy Groups Blast Cuts to Food Stamps to Fund $26B Aid
Bill Some Democrats are upset and advocacy groups are outraged
over the raiding of the food-stamp cupboard to fund a state-aid bailout
that some call a gift to teachers and government union workers.
15 Economic Statistics That Just Keep Getting Worse A little over a week
ago, U.S. Treasury Secretary Timothy Geithner penned an article for
the New York Times entitled “Welcome To The Recovery” in which he
touted the great strides that the U.S. economy was making.
America Is ‘Bankrupt Mickey Mouse Economy’: CIO America is a “Mickey
Mouse economy” that is technically bankrupt, according to Jochen
Wermuth, the Chief Investment Officer (CIO) and managing partner at
Wermuth Asset Management.
Riiiiight! That ‘no-longer looking’ dynamic that saves the day and the ue
rate at 9.5%. At this rate of progress, and according to their thinking and
manipulations, full employment at an unprecedented 0% unemployment is
just around the corner as everyone stops looking for the jobs no longer
here, many of which were sent overseas and which are not coming back
owing to substantial economic structural / financial shifts.
Jobs Report: Companies Slow to Hire ABC News - Only about 8 percent of
the 8.4 million jobs lost at the peak of the recession have been recovered,
leaving millions of Americans still looking for work, according to an
analysis by ABC News' Business Unit. Video: News Update: US
Unemployment Rate Holds at 9.5%, 71,000 Jobs Added in June
SmarTrend News 71K more jobs not enough to dent unemployment rate
The Associated Press
Between a Rock and a Hard Place Jerry Slusiewicz ‘Everyone knows that
being between a rock and a hard place is not a good place to be. That is
where the market is right now. We continue to have terrible news in the
housing sector. There is no general economic recovery as of yet. Jobless
claims continue to mount, while net new jobs are not being created in a
significant enough number to even sustain the population growth
(approximately 150,000 net new jobs per month needed). By far the majority
of economic reports for May, June, July, and now August, have been worse
than forecast. That includes home starts, home sales, home-builder
confidence, retail sales, auto sales, consumer confidence, durable goods
orders, manufacturing, jobs, etc. Yet the market rallies or barely goes down
on these bad reports. What gives? It seems that bad news is good news
right now…
Social Security in the red this year Washington Times | Meanwhile President
Obama’s health care overhaul has given Medicare’s basic Hospital
Insurance an extra 12 years of financial stability, though it did not
solve all of the program’s long-term challenges.
U.S. Employers Shed Jobs WSJ | he U.S. economy shed more jobs than
expected in July while the unemployment rate held steady at 9.5%, a
further sign the economic recovery may be losing momentum.
Dollar approaches 15-year low against yen The dollar plunged to a fresh
eight-month low against the yen after US employment data
disappointed expectations, raising the prospect of looser monetary
policy from the Federal Reserve.
Visualize Your State’s Financial Collapse Better Than Ever Just because
wishing away local and state financial collapse doesn’t work quite as
well as it does at the Federal level (courtesy of everyone’s favorite
printer genie), attached is a terrific interactive chart.
Stepping Aside Because I Can Always Buy Back In Leigh Drogen ‘I sold
out of everything this morning, for a few reasons…First, breakouts don’t
always work and momentum stocks have a habit of ending their trends
abruptly.
Second, …I can buy back in this afternoon if I change my mind (not likely). I
see more risk to the downside here than I do to the upside. …Third, the
jobs number tomorrow scares me. No, it doesn’t matter what the number is,
we all know it’s going to be bad, what matters is how the market reacts,
and I have the feel it’s not going to be good. Fourth, many of my oscillators
are overbought here.Fifth, and finally, I don’t like the fact that this rally has
primarily taken place on the back of the most beaten down sectors. …It all
just doesn’t pass the smell test for me. I’ve been successful at this not
because I’m always right, but because I know when I’m wrong and I’m
willing to change course or step aside. Right now, I’ll step aside.’
Food stamp use hit record 40.8m in May The number of Americans who
are receiving food stamps rose to a record 40.8 million in May as the
jobless rate hovered near a 27-year high, the government reported
yesterday.
China Officially Enters The Gold Market: Full Release Of PBoC’s Plan To
Expand And Develop China’s Gold Infrastructure The moment many
gold bulls have been waiting for – the Chinese Central Bank has just
released a directive informing everyone it is commencing the
development of a healthy gold market.
The Dollar Continues To Fall Like A Knife, As Euro Breaks Well Above
$1.32 Another violent change of direction from what we’ve come to
expect from the euro and the dollar.
22 Statistics About America’s Coming Pension Crisis That Will Make You
Lose Sleep At Night As the first of the 80 million Baby Boomers have
begun to retire, it has become increasingly apparent that the United
States is facing a pension crisis of unprecedented magnitude.
Layoffs to gut East St. Louis police force St. Louis Dispatch | East St. Louis
will layoff 37 employees, including 19 of its 62 police officers.
Come on! Who are they kidding? All the data was bad, and that ‘not bad as
expected dog don’t hunt anymore’!
europe:
the basket-case eu economy, with obfuscation taken directly out of
the fraudulent wall street playbook including fake stress tests, saw air
ball stock rally based on earnings data long ago discounted;
u.s.:
We already know they’re criminally insane on wall street! Yahoo: ‘…
The mood improved further still after the ISM Manufacturing Index for
July came in at 55.5. That may have marked a pullback from the 56.2
of June, but it exceeded the 54.2 that had been widely expected ...’
Oh, yeah … there’s also the higher oil prices, ever more worthless Weimar
dollar part of the rally, and so on!
Why Must The Media Keep Trotting Out Senile Incompetent greenspun And
His Economic Lunacy? …and we continue to talk ourselves off the
edge of the cliff. For the second week in a row Meet The Press trotted
out the most financially incompetent of the financially incompetent
and placed them on their undeserving pedestal.
Key Components Of America’s Military Are Now Dominated By A Chinese
Monopoly Most of America’s key military technologies require rare
earth elements, whose production China holds a near-monopoly over.
Trying to make August less of a 'dog' with sidewalk sale (Washington Post)
Sounds like a new, new plan to deal with the overwhelming success of
the panoply of government stimulus / tarp, etc., plans ‘financed’ with
money they don’t have and taxpayer ‘largesse’. For those who’ve lived
long enough, they’re waiting for the apple carts.
Did TARP work? Two economists say yes. (Washington Post) Come on! What
do you expect them to say? They’re invested in that position having
supported same despite the massive fraud for prosecution and
disgorgement was appropriate. Indeed, moody’s itself has been
faulted (liable?) for lax valuation / rating standards which contributed
to the debacle. Moreover, these ‘cheerleaders’ can always be counted
on to toe the network line which ultimately enables the ubiquitous
frauds we’ve seen. Amazingly, senile incompetent greenspun, co-
architect / enabler of the fraud / debacle was interviewed and used
such words in conjunction as ‘modest recovery, pause, double-dip
possible, quasi recession’. What total b***s***!
Are the American people obsolete? Salon | The richest few don’t need the
rest of us as markets, soldiers or police anymore. Maybe we should all
emigrate.
What's coming this week (Washington Post) How ‘bout last week and the new
american economic institution colloquially now known as ‘bank failure
Friday’ (the news dump so as to avoid the so-called ‘news cycle’). Then,
let’s hope for real rather than election-year market frothing fake / false /
manipulated data.
U.S. bank failures total 108 after 5 shut on Friday U.S. bank failures reached
108 so far in 2010 on Friday as regulators seized five small banks in
the Pacific Northwest and the Southeast, none publicly traded.
U.S. recovery hopes fade as economic growth dips Washington Post | The
recovery is fading, and a troubling new pattern is setting in: economic
growth that is too slow to put Americans back to work. The recovery
is fading, and a troubling new pattern is setting in: economic growth
that is too slow to put Americans back to work.
Ron Paul Goes After The SEC’s FOIA Exclusivity, Introduces SEC
Transparency Act What is unclear is whether the Ron Paul law
prohibts SEC staffers to spend 40 hours per week to browse porn on
the taxpayer’s dime.
U.S. recovery hopes fade as economic growth dips The recovery is fading,
and a troubling new pattern is setting in: economic growth that is too
slow to put americans back to work.
Hank Paulson Wants To Fix Fannie And Freddie By… Recreating Fannie
And Freddie Former Treasury Secretary, Goldman Sachs CEO, and
bailout architect Hank Paulson has a bit of a head-scratcher of an op-
ed in the Washington Post this evening all about charting a course for
sustainable housing policy in the US.
Marc Faber Questions if Dow Could Hit 1,000 In the August edition of the
‘The Gloom, Boom & Doom Report’ Marc Faber questions whether the Dow
could hit 1,000 as predicted by Robert Prechter, based on his interpretation
of Elliot Waves, Fibonacci numbers and socioeconomic trends. Prechter,
who has written 13 books on finance (external link), believes that the stock
market is historically overvalued in terms of dividends and earnings,
because of a “great rise in positive social mood.” But the mood changed in
2000 and the “trend toward negative social mood will lead to an economic
contraction,” according to Prechter. “Small bear markets lead to
recessions, big bear markets lead to depressions. The current bear market
will be the biggest in nearly 300 years, so the depression will be
correspondingly deep,” Prechter said.
The International Money Changers Reward the Euro for Forcing Austerity
Activist Post | The growing noise for “solutions” to America’s very real
debt problems is becoming louder as the calls for confiscating Social
Security and Pensions are now everyday news.
Wall St falls after weak outlooks drag (Reuters) U.S. stocks sagged in
volatile trading on Thursday after weak outlooks from technology
companies and downbeat comments from a Federal Reserve official gave
investors little reason to buy.
Trillions for Wall Street Mike Whitney | The bottom line? When Wall Street is
hurting, money’s never a problem.
Look What Surprises They Snuck Into The Financial Reform Bill The
Economic Collapse | The financial reform bill was supposed to “fix”
Wall Street and the financial system, but it did not do much of
anything. Even just a decade ago, major pieces of legislation in the
U.S. Congress would be just a few dozen pages long. But today, it
seems like every time Congress passes an important bill it ends up
being over a thousand pages long.
Flaws of the European Stress Test … 'Bank stress test' became the magic
phrase. Nothing calms fear like a stress test that's labeled as rigorous. The
stress test raises a few very obvious questions: 1) Will it work? 2) Why was
it needed in addition to a $1 trillion aid package? 3) Is the stress test just a
gimmick to appease investors? The stress test is conducted by the
London-based Committee of European Banking Supervisors (CEBS).
Ironically, the test has ignored the majority of banks' holdings of sovereign
debt. Sovereign debt concerns by the so-called PIGS countries (Portugal,
Italy, Greece, and Spain) triggered the latest wave of financial problems.
Ignoring sovereign debt in the Euro stress test would be like ignoring toxic
real estate assets in the U.S. 10% Good - 90% Bad According to a Morgan
Stanley survey, European banks hold about 90% of their Greek government
bonds in their banking books and 10% in their trading books. The bonds in
the banking book are generally held until maturity, the bonds in the trading
book are traded more frequently. According to a document obtained by
Bloomberg, the stress test assumes a loss of 23.1% on Greek debt, 14% on
Portuguese bonds, 12.3% on Spanish debt, 4.7% on German debt, 10% on
U.K. debt, and 5.9% on French debt. However, the stress test only looks at
the bonds held in banks' trading books, which account for a mere 10% of
Greek bond holdings. Can that be called a stress test? Nouriel Roubini
says that 'the assumptions made about economic growth, about sovereign
risk are not realistic enough.' The fact that only seven banks failed the test
with a combined shortfall of $4.5 billion confirms the lax nature of the test.
… The U.S. Bank Stress Test - A Nice Façade A closer look under the hood
of the U.S. bank stress test, however, shows that there's not much
substance behind the facade either. It was determined that the 19 tested
U.S. banks need to increase their balance sheets by $75 billion to meet the
conditions of what's termed the 'worst case scenario.' To a large extent, the
$75 billion of additional capital was financially engineered. Banks didn't
have to actually raise $75 billion. They were able to change the label of
some of their assets on their balance sheets. The government supported
this practice via mandatory convertible preferred shares (detailed analysis
in May 2009 issue of the ETF Profit Strategy Newsletter) …’
SEC Says New FinReg Law Exempts It From Public Disclosure So much
for transparency.
Flashback: Bush report: Sending jobs overseas helps U.S. The movement
of American factory jobs and white-collar work to other countries is
part of a positive transformation that will enrich the U.S. economy
over time, even if it causes short-term pain and dislocation, the Bush
administration said yesterday.
Another Recession Due Circa 2012: Jim Rogers A new recession would be
due around 2012 but central banks will not be able to throw cash at it
anymore, Jim Rogers, chairman of Rogers Holdings, told CNBC
Tuesday.
Marc Faber: Relax, This Will Hurt A Lot Marc Faber closed out this week’s
Agora Financial Symposium with a speech that pretty much
recapitulated the view that the end of the world is if not nigh, then
surely tremendous dislocations to the existing socio-political and
economic landscape are about to take place (with some very dire
consequences for the US).
The Continuing Crisis in the New World Order LewRockwell.com | The crisis
continues in the new world financial order with no end in sight and no
real solution being put forth.
The Markets & The 'Teen Drama Economy' Jonathan Cheng If the market’s
mood swings these days are reminding you of high school, you’re
not alone ...
Obama Approval Rating Revisits Rock Bottom Despite Positive Media Spin
Fed Leads America “To The Brink Of Collapse” When even the New York
Times and CNN are admitting that the United States faces not only a
double-dip recession but potentially a new great depression, any
alarm bells that have not been rung should now be sounding loudly.
Marc Faber: Protect Your Property with High Voltage Fences, Barbed Wire,
Booby Traps, Military Weapons and Dobermans Investment guru and
publisher of The Gloom, Boom and Doom report, Marc Faber,
regularly discusses investment strategies for protecting and building
wealth during times of economic distress.
Fed Leads America “To The Brink Of Collapse” Paul Joseph Watson |
Bernanke announcement that central bank will buy US debt marks
point of no return.
15 Economic Statistics That Just Keep Getting Worse The Economic
Collapse | Anyone who claims that things are getting “better” is either
ignorant, completely deluded or is purposely lying.
Google and Verizon DID do a deal for new internet ‘first class’
superhighway Technology giants Google and Verizon have today
paved the way for a future ‘two-tier’ internet in which companies can
pay extra to make sure their services get through. Google-Verizon
Pact: It Gets Worse [ Timothy Berners-Lee, putative father of the
internet along with Cerf, has already weighed in on this topic and
strenuously opposed same and whose learned opinion should be
given great weight. google and verizon as mere government shills at
best and government, ie., nsa / cia, etc., operatives at worst, are
‘johnny-come-latelies’ and died fast in government hands! ]. So
Google and Verizon went public today with their “policy framework”
— better known as the pact to end the Internet as we know it.
Iran Retaliates Against Sanctions: To Drop All Trade In “Filthy” Euro, Dollar
Yet another step in the escalation between Iran and the US came
earlier today.
Street Action: Poison In Tap Water Fliers Went out on a beautiful Saturday
after noon in Edmonton Alberta posting more fliers, posters etc. had a
great time had a few people harass me but nothing big. Just gave me
motivation to do more!! Resistance is Victory. Never Forget that.!!
The Coming Collapse of The U.S. Political Establishment The last U.S.
puppet regime to fall will be. . . the puppet regime in the White House.
Afghan war ‘kills 1,325 civilians this year’ More than 1,300 civilians have
been killed in Afghanistan so far this year, mostly by Taliban
insurgents, a leading Afghan rights group said Sunday.
Recession in U.S. Even Worse Than Estimated, Revisions Show The worst
U.S. recession since the 1930s was even deeper than previously
estimated, reflecting bigger slumps in consumer spending and
housing, according to revised figures.
Iran Unveils New Submarines and Makes More Persian Gulf Warnings Iran
announced the addition of four new submarines to its fleet Sunday,
saying the Iranian-manufactured vessels to be deployed in the Persian
Gulf have sonar-evading technology and can launch torpedoes and
missiles simultaneously.
Pentagon can’t account for $8.57 billion in Iraqi funds B is for billions. And
b is for it’s hard to believe that they’ve done it again. The last time,
even more money vanished, which I noted in my article, Following
Pentagon trillions to Israel and 9-11. This was under the Zionist Dov
Zakheim’s watch as Comptroller of the Pentagon from May 4, 2001, to
March 10, 2004.
Fidel Castro: Obama can avert impending nuclear holocaust Miami Herald |
If Obama approves an attack on Iran, war will spread through the
Middle East and Asia and cause hundreds of millions of deaths,
Castro warned.
Who poses the real threat to the Internet? A new opinion piece on
CNN.com argues that it’s the government, not the companies
providing internet access, that is the real danger to free speech and
the internet. [I personally have found more often and prospectively
problematic is that said government / company distinction is one
without a difference when the government flexes muscle, particularly
with leverage as ie., to non-performing monopolist microsoft, nsa/cia
partner google (to a lesser extent at this juncture), cnn/timewarner
cable (incompetence also a factor), fedex, etc.].
U.S. Employers Shed Jobs The U.S. economy shed more jobs than
expected in July while the unemployment rate held steady at 9.5%, a
further sign the economic recovery may be losing momentum.
Gold Surges To Three Week High As Dollar Tanks Gold prices have surged
to to three week highs as the stock market and the U.S. economy
continue to flounder, leaving investors seeking a safe haven in hard
assets.
Globalists Race To Enforce Criminal Carbon Tax Despite the failure of last
year’s Copenhagen climate summit, the United Nations is pushing
ahead for a global carbon tax that will bankroll the expansion of world
government as globalists attempt to make Americans pay for the
evisceration of their own sovereinty and future prosperity.
Poison Tap Water Exposed As Soft Kill Weapon Water fluoridation has
come to refer to the addition of over 40 chemicals into the water
supply that synergistically come together to wreak havoc on the body
and its processes.
Poison Tap Water Makes Number 1 Google Search Poison tap water has
become the number one trending search term on Google trends today
after our efforts to bring attention to how sodium fluoride in tap water
is a deadly health threat went viral.
Sodium Fluoride: Poison In The Tap Water Alex Jones is launching a new
campaign to inform the public about the toxic chemical fluoride being
added to tap water across the country. While EPA scientists and
workers are calling for an end to water fluoridation, the government is
doing everything in its power to continue and even increase the
amount of toxic chemicals being added to public water supplies.
China Holds More Military Exercises Amid Tensions With U.S. Chinese
armed forces on Thursday continued a second set of back-to-back
exercises, underscoring expanding capabilities and ambitions that
have prompted unease among top U.S. military officers. That unease
has been exacerbated by Beijing’s freezing of military-to-military ties.
Google and CIA Plough Millions Into Huge ‘Recorded Future’ Monitoring
Project Google’s cosy relationship with the U.S. spy network has once
again been thrust into the spotlight as the company is reported to
have jointly invested with the CIA in an Internet monitoring project
that scours Twitter accounts, blogs and websites for all sorts of
information, and can also “predict the future”.
Google and CIA Fund Political Precrime Technology More evidence has
emerged revealing Google’s spook connections. Noah Shachtman,
writing for Wired, details how the CIA’s technology investment
operation, In-Q-Tel, and Google are supporting a company that
monitors the web in real time.
White House proposal would ease FBI access to records of Internet activity
The Obama administration is seeking to make it easier for the FBI to
compel companies to turn over records of an individual’s Internet
activity without a court order if agents deem the information relevant
to a terrorism or intelligence investigation.
Google and CIA Plough Millions Into Huge ‘Recorded Future’ Monitoring
Project Steve Watson | Search Company’s ties to spy agency in
spotlight again over real time Internet monitoring.
Google and CIA Fund Political Precrime Technology Kurt Nimmo | Google is
complicit in the concerted effort to build a huge surveillance and
control grid.
Leaked files indicate U.S. pays Afghan media to run friendly stories Buried
among the 92,000 classified documents released Sunday by
WikiLeaks is some intriguing evidence that the U.S. military in
Afghanistan has adopted a PR strategy that got it into trouble in Iraq:
paying local media outlets to run friendly stories.
World Net Daily (I found them to be a less than credible israeli / bush
aministration shill at best and haven’t even looked at said site in many
years) writer says Fluoride is good for you. An open letter to Phil
Elmore Rob Dew / Kurt Nimmo | The only winners are the aluminum and
fertilizer industries that work hand in hand with public water works to
send toxic waste into the homes of millions across our country.
Oliver Stone has apologized for his anti-Semitic rant, but is the damage
already done. What damage? To perceived reality as opposed to reality?
When you look at america’s pro-israel, self-destructive, contra-indicated
policies, including the hands off policy vis-à-vis fraudulent wall street, you
see the truth to what he says which is what so many astute individuals are
already thinking / realizing. How can people continue to ignore the truth, to
their own detriment Think about it. Do you really think he would risk the
typical onslaught if the same weren’t true? ‘Director Oliver Stone has been
forced to make a grovelling apology over an anti-Semitic outburst. The
double Academy Award winner claimed that the Russians suffered more
during the Second World War and that there was a Jewish 'domination of
the media'. Stone also said that Jews had '****ed up' U.S. foreign policy for
years and suggested the British supported Hitler ...’ The relentless attacks
on Mel Gibson are of the same caliber and purpose; suppression of truth!
David Cameron: Israeli blockade has turned Gaza Strip into a ‘prison camp’
David Cameron used a visit to Turkey to make his strongest
intervention yet in the intractable Middle East conflict today when he
likened the experience of Palestinians in the blockadedGaza Strip to
that of a “prison camp”.
US, NATO behind Iran bombings: MP An Iranian lawmaker slams the recent
bombings in the country’s southeast as a plot by Western military
forces in the Middle East to spread terror on Iran’s borders.
Latino KKK: You are too white to be American! ALIPAC | Tan Klan woman
can scream racist comments because the Obama administration and most
of the major news networks in America have her back.
‘West, israel linked to SE Iran blasts’ A ranking official with the Islamic
Revolution Guards Corps (IRGC) has implicated “the us, israel and
some european countries” in the deadly blasts in the southeastern
Iranian city of Zahedan.
Wall Street Is Laundering Drug Money And Getting Away With It Zach Carter
| Wachovia was moving money behind literally tons of cocaine from
violent drug cartels. It wasn’t an accident.
In weak economy, more people are filing early for Social Security
(Washington Post) I think this to be a combination of prescience and ‘get
while the getting’s good’. After all, this is an unfunded promise meant to be
broken by defacto bankrupt America.
The power of Palin's touch (Washington Post) [Wow! Talk about stupid.
Murphy could have eliminated the middle-man (person) and appeared on
SNL himself; maybe reprising a familiar (Eddie) Murphy role as Gumby 2,
Son of Gumby. The only thing funnier is palin herself. She’s so
embarrassingly dumb!] .Endorsement lifts little-known candidate in Md.,
giving the struggling campaign a "megaphone."
9 Reasons Why You Won’t See A Jobs Recovery Anytime Soon In two
words: small businesses.
Federal Employees Earn 30 to 40 Percent More than Private-Sector
Workers, Study Finds Federal employees earn 30 to 40 percent more
money than their private sector counterparts on average, a study from
the conservative Heritage Foundation finds.
The Oil Price Surge Indicator Says There’s A 100% Chance Of A New
Recession No, that headline is not a typo.
Gerald Celente On the Alex Jones Show: Double Dip Depression Will Lead
Us Into War The white shoe boys are taking us into the worst depression in
history.
What Pentagon cuts mean for future of defense contractors (Washington Post)
Well, taking a page from the fraudulent wall street glass always half full even
when empty camp, they might say more pie and less competition for that inner
circle of frauds. You know, this is a dead goose with gold-plated eggs scenario.
Reality: U.S. IS BANKRUPT AND WE DON’T EVEN KNOW IT : LAURENCE
KOTLIKOFF LAURENCE KOTLIKOFF AUG. 11 (BLOOMBERG) -
(WASHINGTON POST) - LET’S GET REAL. THE U.S. IS BANKRUPT.
NEITHER SPENDING MORE NOR TAXING LESS WILL HELP THE COUNTRY
PAY ITS BILLS ... Peter Schiff: “We’re in the Early Stages of a Depression”
The Motley Fool | Four years and the worst recession since the Great
Depression later, Schiff stands alone again with a bleaker diagnosis for the
economy: an inflationary depression.
Riiiiight! That ‘no-longer looking’ dynamic that saves the day and the ue
rate at 9.5%. At this rate of progress, and according to their thinking
and manipulations, full employment at an unprecedented 0%
unemployment is just around the corner as everyone stops looking for
the jobs no longer here, many of which were sent overseas and which
are not coming back owing to substantial economic structural /
financial shifts.
Yeah! Dave’s the only one who seems to be on the mark concerning the
preposterous market action this day. Even before reading same I was going
to comment here that I believed that the decision to ‘mouse click / button
push’ the programmed buy trades was probably made after hours in the
previous session. Remember, these are desperate criminally insane frauds
on wall street who really try very hard to get people to by into their paper-
churning high-frequency trade / commission scam for which ultimately
potentially productive money is siphoned off / drained from the economy
into their pockets which is a net negative in real economic terms. They
know all the tricks, technical trendlines, moving averages, etc., to suck
them in: Buy Program Express Lifts Markets: Dave's Daily - The economic
news from the unemployment report could not be worse and an old pattern
was repeated -- higher volume on a selloff followed by an engineered "stick
save" into the close. It used to be hard to make this stuff up, now it's
becoming routine. As noted yesterday, bulls might like bad data since
they'd expect another round of quantitative easing (QE2) from the Fed and
a politically desperate administration. This means more liquidity baby and
an opportunity to lift stocks to new highs. That's the thinking from bizzaro-
land. So we get another big intraday 150 point swing in the DJIA as the
"2:15 PM Buy Program Express" hits the tape on time as volume starts to
dry up. That's why the caution sign advises to stay away from the Program
Trading Express. Nevertheless, volume increased Friday with most of that
coming early and often. Breadth was negative but not overwhelmingly so.
Social Security borrowing cash to tap its own trust fund (Washington Post)
[ Wow! Talk about creative accounting / finance. Borrowing more cash
to replace paper IOU’s which should be cash but has been spent. Yes,
indeed! This sounds like a plan not sound. Sounds like defacto
bankruptcy! ] This year's cash deficit, the first since the early 1980s
and the biggest ever, means the government will have to borrow
money to redeem some of the Treasury securities in the trust fund.
Freddie Mac's loss narrows, but firm needs more aid (Washington Post)
[ Sounds like a plan! After all, what are corporations for in a free
enterprise capitalist system but to as closely as possible follow that
fraudulent wall street boondoggle paradigm of socializing the losses
and privatizing the gains. I still can’t get over those compensation
packages that probably exceed the value of the company.] Mortgage
finance giant Freddie Mac said that its loss in the second quarter
narrowed but that taxpayers would still be on hook for the foreseeable
future.
Why Must The Media Keep Trotting Out Senile Incompetent greenspun And
His Economic Lunacy? …and we continue to talk ourselves off the
edge of the cliff. For the second week in a row Meet The Press trotted
out the most financially incompetent of the financially incompetent
and placed them on their undeserving pedestal.
Gold Has Got Its Groove Back How dare any of you second guess the gold
bugs. From a day’s low of $1,168 per ounce, the yellow metal rallied to
a day’s high of $1,186. Our precioussss is back on a tear, maybe.
Trying to make August less of a 'dog' with sidewalk sale (Washington Post)
Sounds like a new, new plan to deal with the overwhelming success of
the panoply of government stimulus / tarp, etc., plans ‘financed’ with
money they don’t have and taxpayer ‘largesse’. For those who’ve lived
long enough, they’re waiting for the apple carts.
Did TARP work? Two economists say yes. (Washington Post) Come on! What
do you expect them to say? They’re invested in that position having
supported same despite the massive fraud for prosecution and
disgorgement was appropriate. Indeed, moody’s itself has been
faulted (liable?) for lax valuation / rating standards which contributed
to the debacle. Moreover, these ‘cheerleaders’ can always be counted
on to toe the network line which ultimately enables the ubiquitous
frauds we’ve seen. Amazingly, senile incompetent greenspun, co-
architect / enabler of the fraud / debacle was interviewed and used
such words in conjunction as ‘modest recovery, pause, double-dip
possible, quasi recession’. What total b***s***!
What's coming this week (Washington Post) How ‘bout last week and the new
american economic institution colloquially now known as ‘bank failure
Friday’ (the news dump so as to avoid the so-called ‘news cycle’). Then,
let’s hope for real rather than election-year market frothing fake / false /
manipulated data.
U.S. recovery hopes fade as economic growth dips Washington Post | The
recovery is fading, and a troubling new pattern is setting in: economic
growth that is too slow to put Americans back to work. The recovery
is fading, and a troubling new pattern is setting in: economic growth
that is too slow to put Americans back to work.
Jobs Report: Companies Slow to Hire Only about 8 percent of the 8.4
million jobs lost at the peak of the recession have been recovered, leaving
millions of Americans still looking for work, according to an analysis by
ABC News' Business Unit. Video: News Update: US Unemployment Rate
Holds at 9.5%, 71,000 Jobs Added in June SmarTrend News 71K more
jobs not enough to dent unemployment rate The Associated Press
China Officially Enters The Gold Market: Full Release Of PBoC’s Plan To
Expand And Develop China’s Gold Infrastructure The moment many
gold bulls have been waiting for – the Chinese Central Bank has just
released a directive informing everyone it is commencing the
development of a healthy gold market.
Trying to make August less of a 'dog' with sidewalk sale (Washington Post)
Sounds like a new, new plan to deal with the overwhelming success of
the panoply of government stimulus / tarp, etc., plans ‘financed’ with
money they don’t have and taxpayer ‘largesse’. For those who’ve lived
long enough, they’re waiting for the apple carts.
Did TARP work? Two economists say yes. (Washington Post) Come on! What
do you expect them to say? They’re invested in that position having
supported same despite the massive fraud for prosecution and
disgorgement was appropriate. Indeed, moody’s itself has been
faulted (liable?) for lax valuation / rating standards which contributed
to the debacle. Moreover, these ‘cheerleaders’ can always be counted
on to toe the network line which ultimately enables the ubiquitous
frauds we’ve seen. Amazingly, senile incompetent greenspun, co-
architect / enabler of the fraud / debacle was interviewed and used
such words in conjunction as ‘modest recovery, pause, double-dip
possible, quasi recession’. What total b***s***!
What's coming this week (Washington Post) How ‘bout last week and the new
american economic institution colloquially now known as ‘bank failure
Friday’ (the news dump so as to avoid the so-called ‘news cycle’). Then,
let’s hope for real rather than election-year market frothing fake / false /
manipulated data.
U.S. bank failures total 108 after 5 shut on Friday U.S. bank failures reached
108 so far in 2010 on Friday as regulators seized five small banks in
the Pacific Northwest and the Southeast, none publicly traded.
U.S. recovery hopes fade as economic growth dips Washington Post | The
recovery is fading, and a troubling new pattern is setting in: economic
growth that is too slow to put Americans back to work. The recovery
is fading, and a troubling new pattern is setting in: economic growth
that is too slow to put Americans back to work.
FCC ends net neutrality talks (Washington Post) God knows it’s rare for me
to commend america for a governmental policy decision, but this is
indeed one such moment inasmuch as freedom of speech,
constitution, meaningful laws applicable to all, etc., are what define a
nation and america, particularly.
Fannie Mae shows progress (Washington Post) Wow! Talk about wall street
spin and parallel universes! I mean, come on; billion dollar plus losses
are still billion dollar plus losses; and, given the amounts of money
defacto bankrupt america doesn’t have that’s been thrown at the
problem, anyone who doesn’t have a sense of foreboding is a fool.
General's record is set straight (Washington Post) Knowing for sure, you
know, that it truly was Nixon who banged that pregnant girl just like
the tea shirt / poster said is kind of a mind altering experience. After
all, just as Truman once said, Nixon didn’t know whether he’s lying or
telling the truth. Well, that’s one for old saint Nixon since that militates
against intent; you know, the not knowing part, and after all, he was a
liar(sic) by trade. Truth be told, by more current american standards of
corruption, venality, verity, etc., Nixon was but a choir boy. The irony
of it all. Oh, the times they are a changin’.
House break cut short to work on jobs bill (Washington Post) Eh … what
the heck, ‘tis only money (they don’t really have) and besides, only
the federal government can print it … sounds like a plan … and just in
time for the election, and that should help the ue stats.
Come on! Preposterous! Service sector? You mean the the b*** s*** sector.
Even if believed (I don’t believe anything they say, and at the least all must
be discounted down, as they do later when people have forgotten that’s the
purported reason they rallied), what is 17,000 service (predominantly b***
s*** government bought jobs with non-existent deficit building funds with
some exceptions – yes, 80% of america’s economy is now b*** s*** and as
on wall street, fraud) jobs in the relative scheme of things given the
magnitude of the problems, structural and otherwise? Nothing! Stocks
went up on typically spun ‘nothing’.
General's record is set straight (Washington Post) Knowing for sure, you
know, that it truly was Nixon who banged that pregnant girl just like the tea
shirt said is kind of a mind altering experience. After all, just as Truman
once said, Nixon didn’t know whether he’s lying or telling the truth. Well,
that’s one for old saint Nixon since that militates against intent; you know,
the not knowing part, and after all, he was a liar(sic) by trade. Truth be told,
by more current american standards of corruption, venality, verity, etc.,
Nixon was but a choir boy. The irony of it all. Oh, the times they are a
changin’.
U.S. savings rate at highest level in a year, data show: UNEASE ABOUT
U.S. ECONOMY
Data suggest recovery not yet self-sustaining (Washington Post) Riiiight!
Income and spending basically unchanged with falloff in both, while
pending housing sales down to the lowest level on record. The half-glass
full frauds on wall street will take it. They can spin that.
Comment on: As wages stall, savings rate rises at 8/4/2010 4:56 AM EDT
U.S. savings rate at highest level in a year, data show (Washington Post)
Riiiight! Income and spending basically unchanged with falloff in both,
while pending housing sales down to the lowest level on record. The half-
glass full frauds on wall street will take it.
22 Statistics About America’s Coming Pension Crisis That Will Make You
Lose Sleep At Night
Tiny Tim geithner to bankers: Fear not new rules (Washington Post) They
don’t! … And, you can take that to the insolvent, mark to anything
bank! God bless us everyone! … And tiny tim, where’s that missing 4
trillion at the new york fed? Have the taxpayers, through more
surreptitious skullduggery effectively picked up that tab too?
Regulators close banks (108 total 2010) in Fla., Ga., Ore., Wash.
(Washington Post) Sounds like a plan! Things going swimmingly. Just
separating the wheat from the chaff, so to speak.
July becomes deadliest month for U.S. troops (Washington Post) Sounds
like plan! You know, the fraudulent wall street glass half full kind of
thing … lowering of costs of prospective medical, benefits, pension …
well, in truth, I’m not sayin’ that they said that, but you’re dreamin’ if
you don’t think they think like that. You know, the new ‘attention to
deficits disorder’ in light of the nation’s defacto bankruptcy. What a
total waste in every respect!
Who’s Barry Soetoro, wobama? Get your very own BARRY SOETORO T-
Shirt and ask the question, "Where is the Birth Certificate?". The
REAL name of President Barack Obama is BARRY SOETORO so get a
t-shirt with a picture of him on the front and the question, "Where is
the Birth Certificate?". http://infowars-
shop.stores.yahoo.net/basot.html Obama’s Comeback Strategy:
Appearing On “The View” Now we know how the President will turn
his flagging political fortunes around… [More b*** s***!].
The following youtube video is well worth the look and explains how and
why the frauds on wall street have gotten away with their devastating
fraud thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS
PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ex-
Justice official quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of
instructing attorneys in the civil rights division to ignore cases that
involve black defendants and white victims US v. AZ... Cases against
Wall Street lag despite Holder’s vows to target financial fraud Obama
broke promises ):
For the Same Reason I’ve Included Here a Web Site Archived FLV Version
of Esoteric Agenda http://albertpeia.com/esotericagenda.flv
Oracle CEO tops list of highest paid execs with $1.8 billion (Washington
Post) Don’t just focus on him; american ceo’s generally, and global
results (and comparisons) bear this out, are overpaid.
Cities, counties could slash 500,000 more jobs (Washington Post) Could?
I’d say must. Particularly when you factor in that this election ‘spurt’
leaving the nation even more bankrupt is illusory. I had occasion
some time ago in speaking with a long-time California resident
(instructor at the college gym where I worked out) to express my
surprise at the bloated (municipal, state) high-priced bureaucracy
which of course is not productive except as to higher taxes and which
is at the forefront in the city of Bell where the city manager was paid
nearly 900,000 annually, and specifically mentioned the part-time
typical compensation of $100,000 and contracts to interested, even
familial, parties. Of course, no one has done this better than feinstein,
albeit on a more federal level and China contracts through her
husband’s companies, as previousl set forth on this website.
US bank failures in 2010 surpass 100 WASHINGTON (AP) -- U.S. bank
failures this year have surpassed a bleak milestone of 100 as regulators
shut down banks in Georgia, Florida, South Carolina, Kansas, Nevada and
Minnesota. The six bank seizures announced Friday bring to 102 the
failures so far in 2010. The pace of bank closures this year is well ahead of
that of last year, which saw a total 140 bank shuttered amid the recession
and mounting loan defaults …
'Systemic risk' and preventing the next bubble (Washington Post) Come
on! We’re in the next bubble; or, should I say in the same bubble
inasmuch as the so-called ‘last bubble’ never totally deflated owing to
overactive Weimar dollar (now european) printing presses, fraudulent
mark to anything accounting among other manipulations, etc.; and a
less elastic (ready to burst) one at that.
This is quite incredible. The wobama market … based on b*** s*** alone.
Yes, there’s a waning full moon. Yes, this is an election year and we’ve
seen frothing, false data / reports before. But come on! This is downright
ridiculous. I had occasion to hear from a so-called money manager on what
used to be a balanced business / finance radio program (I seldom listen to
said program anymore, truth be told, but owing to a scheduling quirk
caught same this day) say that all the economic / business news last week
was good. In point of fact, the actual news was all bad (except for some
sporadic earnings reports that were discounted many months ago). What
parallel universe are these foisty feisty frauds living in? Again, waning full
moon Then the infamous federal but not really federal, express in only a
month (with blazing full moon) changed downward guidance to upward
guidance and based on b*** s***, and voila … another full moon rally (oh
yeah, the percentage up from low level housing still low). Are the 30 day
lunar cycles at work or just election year frothing? Preposterous.
Fundamentals have not changed. Structural problems to the economy and
insurmountable debt remain and will worsen. All their computer
programmed trading tricks with eye towards so-called technical support,
resistance, etc., levels will suck some suckers in as always, they’ll still get
their commissions on the way down, and we’ll see the bubble deflate again.
This Week in the Markets - Suttmeier ‘ …Bank Failure Friday – The FDIC
closed seven banks last Friday bringing the total for the month of July to
17 and 103 for the year. Month to date bank failures have drained the FDIC
Deposit Insurance fund by $925.7 million brining the year to date today to
$18.5 billion well above the $15.33 billion prepaid assessments for all of
2010. I estimate that the DIF is now in arrears by $32.7 billion.
103 U.S. Banks Have Collapsed So Far In 2010 – Do You Know If Your Bank
Will Survive? Have you ever noticed how almost all U.S. bank closings
are now announced over the weekend? It is almost as if someone
wants to keep the increasing number of bank closures out of the news
cycle as much as possible.
Jim Rogers: Stress Test Is a PR Exercise The stress test in which only
seven of 91 European Union banks failed is just a public relations
exercise and wasn’t tough enough, famous investor Jim Rogers told
CNBC.com Monday.
ETF Investing: S&P 500 ETF sending bearish signal …After hitting its 2010
peak in April, the $70 billion SPDR S&P 500
ETF(SPY 110.41, +0.95, +0.87%) has been in a downtrend punctuated
by fizzled low-volume rallies and lower highs.
Goldman reveals where bailout cash went Des Moines Register | Goldman
Sachs sent $4.3 billion in federal tax money to 32 entities, including
many overseas banks, hedge funds and pensions.
China builds influence via cash (Washington Post) Well, cash is something
that accumulates when you don’t spend same on illegal wars (as is so
of defacto bankrupt america, ie., Iraq, Afghanistan, etc.); note
Germany, Japan, etc.. Then there’s the ‘hate’ factor attendant to the
‘killing machine strategy’ which contrary to their folly / imagination,
does not win hearts and minds. Then there’s the fraudulent paper
push which militates against real, net economic gains.
Finally, there’s the american ‘crazy train’ factor which has become ever
more globally recognized.
'Tony Hayward is about to get his life back' (Washington Post) In Siberia …
Yes, tiny tony of little people fame sent into exile in Siberia as one
might expect from the New Soviet Socialist European Union. Note
Russia’s Putin has jumped onto that crazy train and to curry favor
therein has ‘thrown Iran under the bus’, so to speak. But, then again,
what can you expect from a former KGB indoctrinated communist,
although america’s now mutated form of capitalism / free enterprise
(really not either) might yet resurrect the likes of marx, lenin, trotsky,
etc.. I’m somewhat embarrassed to have even considered going to
Europe (specifically Switzerland / Geneva) and though language the
impediment (I’m hard-wired for english and even with a prior
background in French, ie., junior high, high school, recent course-
work in French here in Cal did not come easily at all; although,
computerization / algorithms in English from inception did, which I
believe explains Japan’s difficulty with computers, ie., Sony vaio,
Toyota car computerized systems, etc.). Even meaningfully lawless
america’s better than Europe (a very low standard / threshold at that),
for all the reasons that gave rise to america, plus new reasons which
will prove insurmountable having become the ‘lapdog’ joke of the
ages as like lemmings they followed fraudulent wall street’s, america’s
lead blindly into the abyss.
Who’s Barry Soetoro, wobama? Get your very own BARRY SOETORO T-
Shirt and ask the question, "Where is the Birth Certificate?". The
REAL name of President Barack Obama is BARRY SOETORO so get a
t-shirt with a picture of him on the front and the question, "Where is
the Birth Certificate?". http://infowars-
shop.stores.yahoo.net/basot.html Obama’s Comeback Strategy:
Appearing On “The View” [More b*** s***!].
The following youtube video is well worth the look and explains how and
why the frauds on wall street have gotten away with their devastating
fraud thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... Justice official quit
over the handling of a voter intimidation case against the New Black
Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants
and white victims Cases against Wall Street lag despite Holder’s vows
to target financial fraud Obama broke promises ):
For the Same Reason I’ve Included Here a Web Site Archived FLV Version
of Esoteric Agenda http://albertpeia.com/esotericagenda.flv
Oliver Stone has apologized for his anti-Semitic rant, but is the damage
already done. What damage? To perceived reality as opposed to
reality? When you look at america’s pro-israel, self-destructive,
contra-indicated policies, including the hands off policy vis-à-vis
fraudulent wall street, you see the truth to what he says which is what
so many astute individuals are already thinking / realizing. How can
people continue to ignore the truth, to their own detriment Think about
it. Do you really think he would risk the typical onslaught if the same
weren’t true? ‘Director Oliver Stone has been forced to make a
grovelling apology over an anti-Semitic outburst. The double
Academy Award winner claimed that the Russians suffered more
during the Second World War and that there was a Jewish 'domination
of the media'. Stone also said that Jews had '****ed up' U.S. foreign
policy for years and suggested the British supported Hitler ...’ The
relentless attacks on Mel Gibson are of the same caliber and purpose;
suppression of truth!
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
BP's Hayward sent to Siberia; to leave as CEO; Russia job in works (AP)
Law chief to probe KGB agent’s claim that David Kelly was ‘exterminated’
Top U.S. officer warns Afghan war will get worse NATO troops will die in
Afghanistan as violence mounts. Sounds like a plan!
Law chief to probe KGB agent’s claim that David Kelly was ‘exterminated’ A
former Russian spy’s dossier which suggests that Government
scientist David Kelly was ‘ exterminated’ in a planned assassination is
being studied by the Attorney General.
Top U.S. officer warns Afghan war will get worse More NATO troops will
die in Afghanistan as violence mounts over the summer, but
Washington’s goal of turning the tide against the insurgency by year’s
end is within reach, the top U.S. military officer said on Sunday.
[Sounds like a plan!].
Wikileaks Docs Target Pakistan Kurt Nimmo | Pakistan is the new frontier of
the Forever War on Manufactured Terror.
H.R. 5741 Slave bill now in Committee Rob Dew | Slavery has a new name:
“Mandatory Service.”
Oath Breakers and the Age of Treason The Excavator | America was
covertly overthrown by a tight-knit group of criminal insiders.
Iran’s military leaders try to raise their nation’s confidence in the face a
possible attack Andrew Steele | Iran’s military leaders are trying to
reassure their people that the nation would stand strong against a
possible u.s. or israeli attack.
israeli official offers warnings (Washington Post) What about israel’s illegal
nukes, israeli/american war crimes, etc.. Next stop on the
israeli/american crazy train: Iran.
Ex-CIA chief: Strike on Iran seems more likely now (AP) House OK’s
possible Israeli raid on Iran Republicans in the US House of
Representatives have introduced a measure that would green-light a
possible Israeli bombing campaign against Iran. House OK’s
possible Israeli raid on Iran Republicans in the US House of
Representatives have introduced a measure that would green-light a
possible Israeli bombing campaign against Iran. Former CIA Boss:
Iran Attack “Inexorable” Kurt Nimmo | According to Michael Hayden, a
CIA boss under George W. Bush, Iran’s not having a nuke is just as
dangerous as it having one.
Push to cut top brass causing much unease (Washington Post) [ Of ‘geese
and gold-plated eggs’ … I think only fables, cartoons, and nursery rhymes
are the means by which to convey the depth and seriousness of america’s
decline / bankruptcy. They really just don’t get it. Denial. Mental infirmity.
Outright stupidity. Whatever the reason, reality is what it is.
DRUDGEREPORT: America Is 'Bankrupt Mickey Mouse Economy'...
WIRE: USA 'Bankrupt and We Don't Even Know It'...
DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
YOUTH UNEMPLOYMENT HITS RECORD HIGH
JOBLESS CLAIMS JUMP TO HIGHEST SINCE FEB...
California can't pay bills -- may use IOUs for August payments...
DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
Homes lost to foreclosure up 6% from last year...
Grim Voter Mood Turns Grimmer... and others Economists Herald New
Great Depression … ] None of the Pentagon's spending cuts and budget
battles is causing more angst than Robert Gates's vow to trim number of
generals and admirals.
Afghan spending faces scrutiny (Washington Post) Wow! Talk
about a little bit late for that. Congress extends war funding for
Afghanistan Disappearing Act: $8.7 Billion of Iraq Development
Money Missing
Karzai's bid to control inquiries worries U.S. (Washington Post) [My Lord!
You just can’t make this stuff up! The americanization of Afghanistan
… hopelessly corrupt … but american ‘liberators’ want their cut from
the now hopelessly corrupt liberated nation, in america’s own image,
of the heroin trade they’ve worked so hard to restore.] There is
growing concern that U.S. support for the war will diminish further if
voters continue to see the Afghan government as hopelessly corrupt.
China focuses on military might (Washington Post) [And the big difference
here (between them and defacto bankrupt america) is that ‘THEY CAN
AFFORD IT’ and are not fighting nation-bankrupting, anti-american-
sentiment-creating wars all over the place.] Nation is quickly modernizing
forces, extending influence deep into Pacific and Indian oceans.
Afghans still see U.S. as bad guy (Washington Post ) [Riiiiight! Sounds like a
plan … winning hearts and minds throughout the world … great for exports
also as such ‘won hearts and minds’ just love to buy american.] American,
NATO forces retain blame for civilian deaths despite spike from insurgent
violence.
U.S. looks to replicate Iraq strategy, tactics (Washington Post ) [Oh right!
Stick with that winning plan that worked so swimmingly (as in drowning, in
ie., debt, death, regional if not wordly anti-american sentiment, etc.)]. In
Kandahar, U.S. military officials hope that a secure green zone, similar to
the area in Baghdad, will make it more difficult for Taliban insurgents to
mount attacks to key buildings in the Afghan city.
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
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?
Girdles for men? (Washington Post) [ I’d say par for the course … of human
male evolution that is. After all, more and more peoples are referring
to the war mongering american male trend of warring on the far less
militarily capable, bullying if you will, as just a bunch of c***s. ]They
call it "men's shapewear," but ladies, we know that you know what
that really means. Spanx for Men debuted to such a success this year
that the company is coming out with a line of (gulp) bottoms for the
fall.
July becomes deadliest month for U.S. troops (Washington Post) Sounds
like plan! You know, the fraudulent wall street glass half full kind of
thing … lowering of costs of prospective medical, benefits, pension …
well, in truth, I’m not sayin’ that they said that, but you’re dreamin’ if
you don’t think they think like that. You know, the new ‘attention to
deficits disorder’ in light of the nation’s defacto bankruptcy. What a
total waste in every respect!
Top Secret America: How the DOD does it (Washington Post) Does what?
Come On! You can’t take this guy seriously. First, he’s military; what do
you expect him to say. Second, he talks of wars as if they always have to
have one or be searching for one and we all know they “find” them. Finally,
he all but ignores what the underrated President General Eisenhower
warned of in the form of the unscrupulous, insatiably greedy
military/industrial complex which as colonel he but a very small cog in who
goes along to get along. The fact is also that they can’t be managed and
also that they don’t even try!
Afghanistan war deaths (Washington Post) What a colossal waste; the u.s.
might even spin this to a growth scenario, albeit in deaths. For General
Petraeus, battling corruption in Afghanistan is a priority (Washington Post)
If Betraeus is serious, he better look closer to home / u.s.!
SEC enforcers get to keep subpoena authority
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!
Top Secret America: How the DOD does it (Washington Post) Does what?
Come On! You can’t take this guy seriously. First, he’s military; what do
you expect him to say. Second, he talks of wars as if they always have to
have one or be searching for one and we all know they “find” them. Finally,
he all but ignores what the underrated President General Eisenhower
warned of in the form of the unscrupulous, insatiably greedy
military/industrial complex which as colonel he but a very small cog in who
goes along to get along. The fact is also that they can’t be managed and
also that they don’t even try!
The following youtube video is well worth the look and explains how
and why the frauds on wall street have gotten away with their
devastating fraud thus far. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed.
(Cases against Wall Street lag despite Holder’s vows to target
financial fraud Obama broke promises ):
FBI could get easier access to Internet data (Washington Post) I hope so; at
least as to my data; then there will be no excuse for lack of resolution
in accordance will meaningful law. The fact is, they already have the
relevant data under penalty of perjury on disk. Moreover, it’s been
assigned out here and I’ve once again offered to take a polygraph on
any and all matters.
(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:
-----------------------
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 |
Rendition: Where the War on Terror Meets the War on Drugs 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.
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenalt
yofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
NSA beats warrantless wiretap rap A Federal judge has dismissed a
complaint against the National Security Agency’s (NSA)
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!
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.
Billo Says:
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:
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.
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.
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
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 ...
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
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.
"What this means is that Neanderthals are not totally extinct. In some of us,
they live on," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the
distinction, without a difference). Actually, prior to studying the
compelling subject of Biological Anthropology (Michael Park text), I
too had some misconceptions about the group known as Neandertals
(recent spelling drops the ‘h’) and actually mis-referenced same by the
stereotypical image of members of said clade even as the debate
continues as to whether they are within the species homo sapiens or a
separate species. I believe these to be distinctions without important
differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi
Klum thinks on the subject.
Previously I wrote:
FOUND: MISSING LINK BETWEEN APES AND MAN.... 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
Sen. Levin urges State Department to put Afghan Taliban on list of terror
groups (Washington Post) Oooooh! … Sounds like a plan … and
emanating from washington (and a thriving Michigan jew no less) …
who says they don’t do anything? … And, consistent with that
apocalyptic vision set forth in the Bible [albeit a book of truth from a
very limited perspective (for which literal interpretations are
misleading); after all, the Wise Men thought it was a movable star that
was guiding them and shone the bright ‘spotlight’ upon the manger
with the Christ]; the jews and some other entity against the rest of the
world for that final Armageddon … oh, they’ll make that happen … it
gets them through their day with every step closer to apocalypse but
not to the place called heaven will they go. The end of this world? You
might say america / israel / and theirs are feverishly working on just
that, one way or another!
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
No shame, just blame (Washington Post) Come on! This is america today.
Look at wobama … lied his way in and no shame … typical …
criticism just like water off a duck’s back. I think he’s content to be a
failed president just so he can do as he does best on the speaking
tours as a retiree from the office … b*** s***! They’re all the same.
Legislated raises for themselves in congress as the nation was
bleeding jobs, legislated NAFTA and gave huge wall street frauds
money and still no pros, but that’s where the campaign funds are. No
guts! Pervasively corrupt and meaningfully lawless, america’s done!
And america’s defacto bankrupt in every way.
The following youtube video is well worth the look and explains how and
why the frauds on wall street have gotten away with their devastating
fraud thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... Justice official quit
over the handling of a voter intimidation case against the New Black
Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants
and white victims Cases against Wall Street lag despite Holder’s vows
to target financial fraud Obama broke promises ):
For the Same Reason I’ve Included Here a Web Site Archived FLV Version
of Esoteric Agenda http://albertpeia.com/esotericagenda.flv
How much is $1.4 trillion? | Doing the math (Washington Post) Math? How
plebian a task on capital hill. I think the lack thereof is as much a lack of
aptitude / intelligence as it is a lack of will. And, this is a bi-partisan foible.
According to the Debt Clock (approx. two months ago):
Click here to see the Debt Clock, which is updated every second.
Big banks pass stress tests (Washington Post) They’ve swallowed the
american paradigm of fraud and b*** s***, hook, line, and sinker and
sink they will as yet another reason is manifest in the ‘death of the
west’ (as coined by Buchanan), displaced by emerging economies,
asia, most notably China, etc., where they tend not to lie to either
themselves or others. No wonder the failed ‘nation states of the west’
are joined at the hip in such ill-fated ventures as illegal wars, past and
present, among many other strategic blunders.
Deficit to exceed $1.4 trillion in 2010 and 2011 (Washington Post) Sounds
like a plan! … However, unlike other american plans, this is one that
they’re sure to accomplish!
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
Worth it? Three U.S. Embassy guards killed in rocket attack in Baghdad's
Green Zone (Washington Post) Big yes here since ‘The Green Zone’
got Hollywood movie status. 2 More Americans killed in copter crash
in Afghanistan (AP) Not so much, unless they rename Tony Montana,
To Mon el Swahili and recut ‘Scarface’ to reflect an Aghanistan Heroin
connection, or similarly change ‘Hurt Locker’. It’s a good thing for the
military that IQ tests aren’t required.
US, NATO behind Iran bombings: MP An Iranian lawmaker slams the recent
bombings in the country’s southeast as a plot by Western military
forces in the Middle East to spread terror on Iran’s borders.
‘West, israel linked to SE Iran blasts’ A ranking official with the Islamic
Revolution Guards Corps (IRGC) has implicated “the us, israel and
some european countries” in the deadly blasts in the southeastern
Iranian city of Zahedan.
De-classified Vietnam-era Transcripts Show Senators Knew Gulf Of Tonkin
Was A Staged False Flag Event Over 1,100 pages of previously
classified Vietnam-era transcripts released this week by the Senate
Foreign Relations Committee highlight the fact that several Senators
knew that the White House and the Pentagon had deceived the
American people over the 1964 Gulf of Tonkin incident.
Wall Street Is Laundering Drug Money And Getting Away With It Zach Carter
| Wachovia was moving money behind literally tons of cocaine from
violent drug cartels. It wasn’t an accident.
Vegetable zionist Zelig joe lieberman’s Model For America: Purging The
Internet of Dissent When political Zelig joe lieberman attempted to
justify draconian legislation that would provide President Obama with
a figurative kill switch to shut down parts of the Internet, he cited the
Chinese system of Internet policing as model which america should
move towards
The U.S. Economy Is A Dead Horse And The American People Are Starting
To Get Really Angry And Frustrated The economic frustration of the
american people is reaching a fever pitch. Millions of americans can’t
seem to get a good job no matter what they do.
Three of every four oil and gas lobbyists worked for federal government
(Washington Post) This is an important article but in no way should be
limited to the oil and gas industries even if disproportionate to the
upside, even as wall street has actually begun occupying capital hill in
a manner of speaking. The revolving-door standards and the functions
of ‘toll-bridge to taxpayer dollars’ must end. After all, you see, the
nation is defacto bankrupt! ‘Three out of every four lobbyists who
represent oil and gas companies previously worked in the federal
government, a proportion that far exceeds the usual revolving-door
standards on Capitol Hill, a Washington Post analysis shows’
Good credit isn't what it was (Washington Post) Gee! I thought this article
was about america, pre-defacto bankruptcy compared with now.
U.S. financial reform bill also targets 'conflict minerals' (Washington Post)
The bill doth try to do too much, methinks. After all, look at Sub-
Saharan Africa generally … ‘mission impossible’ … and, with huge
crime rates in the ‘ states, I’d say ‘look homeward, hell’s angels’. Then
there’s the law of parsimony sometimes referred to as ‘Ockham’s
razor’ which as a logical approach generally says ‘keep it simple’, only
what’s necessary. Then, as well, there’s the defacto bankruptcy thing
for america which will preclude meeting domestic promises,
necessaries, and expectations. That’s reality along with the fact that:
‘This is a global depression. This is a secular bear market in a global
depression. The past up move was a manipulated bull (s***) cycle in a
secular bear market. This has been a typically manipulated bubble as
has preceded the prior crashes with great regularity that the wall
street frauds and insiders commission and sell into. This is a typical
wall street churn and earn pass the hot potato scam / fraud as in prior
crashes.’ Being a ‘meat and potatoes’ kind of guy, I also feel that all
will be served if the frauds on wall street et als are criminally
prosecuted, jailed, fined, and disgorgement imposed.
A new front in racism battle (Washington Post) Truth be told, I’ve found
that all peoples are prejudiced / biased. Probably an adaptive
evolutionary relic that defies intellectual scrutiny, I’ve also found that
those peoples who claim to be victimized the most are themselves the
worst offenders despite their flaming rhetoric (there are numerous
other and even better examples but the following are news current):
b) Latino KKK: You are too white to be American! ALIPAC | Tan Klan
woman can scream racist comments because the Obama
administration and most of the major news networks in America have
her back.
c) DRUDGE: Arab guilty of rape after consensual sex with Jew... ‘An Israeli
man of Arab origin has been convicted of rape after having
consensual sex with a woman who had believed him to be a fellow
Jew.
DRUDGEREPORT: Arab guilty of rape after consensual sex with Jew... ‘An
Israeli man of Arab origin has been convicted of rape after having
consensual sex with a woman who had believed him to be a fellow Jew.
Sabbar Kashur, 30, was sentenced to 18 months in prison on Monday after
the court ruled that he was guilty of rape by deception. According to the
complaint filed by the woman with the Jerusalem district court, the two met
in downtown Jerusalem in September 2008 where Kashur, an Arab from
East Jerusalem, introduced himself as a Jewish bachelor seeking a serious
relationship. The two then had consensual sex in a nearby building before
Kashur left. When she later found out that he was not Jewish but an Arab,
she filed a criminal complaint for rape and indecent assault …’
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.
Top Secret America: How the DOD does it (Washington Post) Does what?
Come On! You can’t take this guy seriously. First, he’s military; what do
you expect him to say. Second, he talks of wars as if they always have to
have one or be searching for one and we all know they “find” them. Finally,
he all but ignores what the underrated President General Eisenhower
warned of in the form of the unscrupulous, insatiably greedy
military/industrial complex which as colonel he but a very small cog in who
goes along to get along. The fact is also that they can’t be managed and
also that they don’t even try!
The following youtube video is well worth the look and explains how
and why the frauds on wall street have gotten away with their
devastating fraud thus far. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed.
(Cases against Wall Street lag despite Holder’s vows to target
financial fraud Obama broke promises ):
(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:
-----------------------
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 |
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!
There must be such things as parallel universes (I don’t really believe that,
because there isn’t) or how else do you explain the disconnect
between reality, current and prospective, and the wet dreams posited
to keep the war funding / corporate welfare programs alive in
collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much
higher. Even israel apologist Cohen of The Washington Post alludes
to the Vietnam analogy. However, even if there were real goals beyond
the poppy / heroin trade which the Taliban had all but eradicated
(there isn’t); even if america wasn’t defacto bankrupt (america is);
even if america wasn’t killing innocent civilians in large numbers (war
criminal nation america is); even if america’s allies haven’t similarly
helped to bankrupt themselves by way of this war (they have); even if I
hadn’t told you so (I did) ….. this war still was, is, and remains a very
bad idea!
How does anyone take the u.s. seriously in light of their credibility
problems, war crimes, etc.? What nuke technology israel didn’t steal
from the u.s., the u.s. gave them along with missile, armaments, etc..
and paid for with taxpayer money that u.s. taxpayers and the defacto
bankrupt nation don’t have.
It's time to expel israel from the UN Without doubt, the israeli attack on the
Gaza-bound "Freedom Flotilla" in the dawn of Monday, May 31, 2010 is
one of the most savage crimes in recent history. It seems the ruling
power in Tel Aviv has been afflicted with a variant of mad cow
disease; otherwise, how could it be so cruel to unleash such a beastly
raid on the "Mavi Marmara," the Turkish flagship of a flotilla carrying
medical and humanitarian supplies to the hapless people of Gaza
Strip?
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.
Billo Says:
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:
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.
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenalt
yofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
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
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 ...
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
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
"What this means is that Neanderthals are not totally extinct. In some of us,
they live on," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the
distinction, without a difference). Actually, prior to studying the
compelling subject of Biological Anthropology (Michael Park text), I
too had some misconceptions about the group known as Neandertals
(recent spelling drops the ‘h’) and actually mis-referenced same by the
stereotypical image of members of said clade even as the debate
continues as to whether they are within the species homo sapiens or a
separate species. I believe these to be distinctions without important
differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi
Klum thinks on the subject.
Previously I wrote:
FOUND: MISSING LINK BETWEEN APES AND MAN.... 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
Sen. Levin urges State Department to put Afghan Taliban on list of terror
groups (Washington Post) Oooooh! … Sounds like a plan … and
emanating from washington (and a thriving Michigan jew no less) …
who says they don’t do anything? … And, consistent with that
apocalyptic vision set forth in the Bible [albeit a book of truth from a
very limited perspective (for which literal interpretations are
misleading); after all, the Wise Men thought it was a movable star that
was guiding them and shone the bright ‘spotlight’ upon the manger
with the Christ]; the jews and some other entity against the rest of the
world for that final Armageddon … oh, they’ll make that happen … it
gets them through their day with every step closer to apocalypse but
not to the place called heaven will they go. The end of this world? You
might say america / israel / and theirs are feverishly working on just
that, one way or another!
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
A lost fight to keep selling Chryslers (Washington Post) I realize it’s easy
to say after the fact, with hindsight, that I was always at a loss to
understand this very issue and such lack of understanding of the
dealer / manufacturer inter-relationships left me speechless; however,
the same always seemed counter-intuitive. Truth be told, however, I ‘m
a big fan of Cal Worthington here in California based solely (and
uniquely for me) on his television commercials in which the big cats
figure prominently in actual footage of him with them, along with him
riding bulls, killer whales, etc., and having very competitive advertised
prices (He’s primarily Ford but sells them all).
The week ahead in business (Washington Post) Big week indeed for ‘no-
recession-helicopter-ben’ bernanke, the captain of that unsinkable
american economic Titanic who like the senile incompetent
predecessor alan green_spun quite a few contra-indicated yarns
himself!
Market Going Down With the Ship? Montgomery: ‘This morning the
Baltic Dry Index, a measure of freight rates for international shipping,
was at 1700. It hasn't been at this level since April 2009, only four
months after its Credit Crisis low and only one month after the stock
market was at its bottom. Bloomberg News noted a week ago that the
index had dropped continuously for the longest period in nine years.
Yes, the current drop in the preceding seven weeks (from a high of
4209 in late May) has been bigger than anything seen during the
Credit Crisis. The last drop of this magnitude was in August 2001 in
the middle of that year's recession. Lack of shipping activity from
China, the engine for global economic activity, was cited as the main
cause for the falling index. Charter rates for all types of ships tracked
in the index are falling. Prices for dry bulk shipping, which doesn't
include energy commodities, tend to be very sensitive to economic
activity. A sharp drop in rates indicates a significant drop in global
trade. Based on historical charts it looks like the Baltic Index can lead,
be coincident or lag movements in economic data and the stock
market. The index seems to be most closely correlated with prices of
industrial commodities and the industrial sector of the global
economy. While this is not the largest component of the U.S. economy
(the service sector is four times larger), it is the key sector in
developing economies. It was manufacturing though that had the
biggest rebound in the U.S. since last year. The service sector has
remained lackluster. The stock market will likely be following the
Baltic Index down, although perhaps not with such a precipitous
decline. The Index has dropped almost 60% since late May. With the
exception of the small cap Russell 2000, none of the major stock
indices have had even a 20% drop - at least not yet. Disclosure: No
positions.’
‘The Obama Deception’ Censored A viral You Tube upload of one of Alex
Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the
movie’s title to the top of the major internet search engines.
Vegetable zionist Zelig joe lieberman’s Model For America: Purging The
Internet of Dissent When political Zelig joe lieberman attempted to
justify draconian legislation that would provide President Obama with
a figurative kill switch to shut down parts of the Internet, he cited the
Chinese system of Internet policing as model which america should
move towards
Regulators shut banks in Fla,(3) Mich,(1) SC(1) Total 2010 (96) (AP)
Financial stocks post worse loss since late May Equities
Tumble, Pressured by Earnings, Consumer Sentiment Stock
Indexes Slip Below Support Levels
Still great opportunity to sell / take profits since much worse, also called
reality beyond the b*** s***, to come.
Bank stress tests to shed light on Europe's economic health: Process
examines whether banks can take another punch to gut (Washington
Post) The ‘bad paper’ is still out there in the many trillions and in
criminally complicit fashion now marked to anything; and, they got
their share of the same and followed the American paridigm
concerning same, to their substantial detriment.
CNBC Host Accuses Guest Of Just Trying To Scare The Crap Out Of
Everyone CNBC’s Simon Hobbs fought it out with Michael Pento today
about the reality of the current economic situation in the U.S.
Real Jobs, Fake Jobs In many ways, the unemployment numbers are much
worse than they appear. One factor has been the timing of the US
census.
Charles Nenner: “Long-Term Investors Should Wait Until Dow Hits 5,000″
Charles Nenner, who prior to founding the Charles Nenner Research
Institute served as a technical analyst for Goldman for about 10 years,
has been looking at charts and not seeing much to write home about.
A slap on the wrist for Goldman Sachs Aljazeera.net | The “great vampire
squid wrapped around the face of humanity” agreed to pay $550
million to settle fraud charges.
I disagree! Indeed, there have been and are a plethora of laws and ad hoc
prosecutions; but, particularly for the ‘risk seeker’ criminally insane
mentality on wall street, the same is far from a deterrent as seen from
historical perspective / fact and might even perversely provide for
them an incentive. The amount is relatively meager, but so long as
this settlement is as supposedly indicated to former SEC head by
Khuzami narrowly drawn and in no ways protective of goldman with
regard to the yet unresolved massive frauds in the many trillions, the
SEC should be given the benefit of the doubt. However, ‘turning its
attention to exotic financial products that MIGHT be used to harm
investors’ is troubling to say the least. Might? Who are they kidding.
The ‘bad paper’ is still out there in the many trillions and in criminally
complicit fashion now marked to anything. I further believe these
products of fraud and consequent damage are being surreptitiously
being, with corrupt fed help, supplanted with real, albeit fiat, currency
ultimately to citizens / taxpayers / nations detriment. As things
currently stand, particularly from the numbers, fraud by wall street
does pay; and pays well! Khuzami, a 29-year-old former employee in
Goldman Sachs Group Inc.'s business intelligence unit, had better
produce or appropriately find himself prosecuted for conflict,
collusion, etc.. After all, he’s hardly one to be considered unbiased.
The frauds on wall street et als must be criminally prosecuted, jailed,
fined, and disgorgement imposed. I truly believe that absent such
prosecution, there will be revolution in this country. In other words,
their ‘jig is up’ and they must go down for what they did / do.
They still know how to count. When you defraud for many billions, paying
$550 million is chump change. Goldman to pay $550M to settle civil fraud
charges (AP) Late stock rally ahead of Goldman settlement news And
the beat goes on! Goldman Sachs beats the SEC– ‘Can Goldman Sachs
Group Inc. wheel and deal or what? The bank and brokerage's settlement
with the Securities and Exchange Commission on Thursday over the ill-
fated Abacus deal may be its best trade ever. At $550 million, it's not
terribly expensive. (GS 152.19, +6.97, +4.80%) hasn't agreed to restrict its
practices in any meaningful way. And poof! The firm can go back to work
with its biggest liability paid. Investors are ecstatic, Goldman shares
rocketed 5.5% in after-hours trading. No wonder Goldman called it "the
right outcome for our firm shareholders and clients." See full story on the
SEC settlement. For the regulators, the settlement is more than just
anticlimactic. Having bet all of its chips on reversing embarrassing
episodes such as the Bernie Madoff fiasco in an aggressive case against
Wall Street, the SEC whiffed. Sure, the settlement is the biggest in the
agency's history. Yes, the SEC was able to squeeze Goldman on the
settlement language and admit it was a "mistake" not to have disclosed
Paulson & Co.'s role in picking the ill-fated securities. But come on.
Goldman's net income last year was $12.1 billion. It could be even higher
this year, given the robust first quarter Goldman already has had. The
settlement amounts to less than 5% of profits. Maybe Goldman Sachs will
even be able to write it off …’
‘West, israel linked to SE Iran blasts’ A ranking official with the Islamic
Revolution Guards Corps (IRGC) has implicated “the us, israel and
some european countries” in the deadly blasts in the southeastern
Iranian city of Zahedan.
Concern over smashing into the 'wall of debt' (Washington Post) Oh,
they’ve hit the wall alright; and, it’s not just debt.
I believe the printing presses have been working overtime to pump out
ever more worthless fiat currency and with the many trillions of
worthless fraudulent paper still out there and marked to anything. I
further believe the same is being surreptitiously used to supplant the
fraudulent paper, the consequences of which will be devastating, of
course, as is invariably so in depressions in any event. This scenario
would also mean huge fraud accomplis. This market is paper on paper
moving around and generating commissions at lightning
computerized speed but adding no real value in real economic terms;
again, the analogy of termites eating away at the (nation’s) foundation
is apposite. As such, that money has to come from some real place
and hence, the ever more frequent and larger crashes we are seeing.
Don’t forget that the worthless paper from previous such fraudulent
schemes now marked to anything is still out there in a magnitude
some have placed in the hundreds of trillions.
Exports are up, but where are the jobs? (Washington Post) Gone with the
wind? Sorry, I must have been thinking of million dollar movies. Seriously
though, I dare say everyone knows they were gone with that ‘bi-partisan
executive / congressional, think-tank, cia / nsa ill wind’ that others might
refer to as flatulence / passing gas, also called NAFTA, and also proudly
hailed by the foregoing as ‘strategy’. They’re gone, and never to return.
Moreover, the flipside of the exports, viz., imports, doesn’t bode well
despite the fraudulent wall street b*** s*** and their chorus of cheerleaders
in washington. Some might say self-delusion but I would say fraud covers
all.
Companies pile up cash but still won't add jobs (Washington Post) Unlike
the public sector (which now exceeds private sector in job gains and
average compensation), the private sector attempts to mesh hiring with
economic supply / demand factors to maximize (shareholder) profits /
wealth. Whatever faults american companies have, with relatively few
exceptions, this still remains a very basic fundamental and building
surplus (generating profits) is a necessary precept to ensure survival and
the capacity to be a good ‘citizen’ so to speak. Then there’s reality:
Retail sales down for 2nd consecutive month (Washington Post) Another
‘Come on’ day on fraudulent wall street! This time it’s the unexpected
downward revision to previous market-frothing retail sales report and poor
retail sales and plunge in mortgage applications and then there’s the fed
minutes pointing to extended bad economy. See Dave Fry’s (Daily)
summary below referencing in euphemistic fashion, yet another ongoing
manipulation also known as fraud. (Absent prosecutions, they’ll continue
to do what comes natural to frauds on wall street). Great opportunity to sell
/ take profits since much worse, also called reality beyond the b*** s***, to
come. Then there’s also the bad but typical news; viz., retail sales,
mortgage apps, economic outlook down, and yesterday deficits, trade and
budget, up.
NATION NEWS DIGEST: J.P. Morgan Chase posts $4.8 billion profit
(Washington Post) Yet another ‘Come on’ day on fraudulent wall street!
This time it’s the unexpected jump in continuing claims for unemployment,
yesterday the downward revision to previous market-frothing retail sales
report and poor retail sales and plunge in mortgage applications and then
there’s the fed minutes pointing to extended bad economy. Then there’s
also now the ‘goldfinger factor’ as in goldman’s middle finger. When you
defraud for many billions, paying $550 million is chump change. Goldman
shares rocketed 5.5% in after-hours trading. No wonder Goldman called it
"the right outcome for our firm shareholders and clients." (Absent
prosecutions, they’ll continue to do what comes natural to frauds on wall
street). Great opportunity to sell / take profits since much worse, also
called reality beyond the b*** s***, to come. Then there’s also the bad but
typical news; viz., previous retail sales, mortgage apps, economic outlook
down, and continuing claims for unemployment, deficits, trade / budget,
up. (Just in: 7-16-10 Poll – only 43% of Americans approve of the
Afganistan War, down from 52% in January, 2010)
Ex-Justice official: CIA may have exceeded limits (Washington Post) Wee
doggies! This sounds like the stuff that SNL Weekend Update ‘Really’ skits
are made of; also fitting into that list of queries as, ‘Is the Pope Catholic?’,
‘Do bears **** in the woods?’, etc.. Come on! Wake up! This is the kind of
complicit cover-up / corruption found betwixt and between all three
branches of the u.s. government leading ineluctably to america’s current
decline and to which I’ve attested under penalty of perjury in the context of
the RICO litigation [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenalty
ofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
For now, spew of oil into Gulf of Mexico is halted (Washington Post) Well,
thank God for small favors! I suggest they change that name, ‘integrity
test’; that’s doomed to end in failure. Yes, the brits are back. They’ve
clogged the well, with help from the ‘usual suspects’, the americans. What
precision! What teamwork! Victory at last … riiiiight!
What Does The Financial Reform Bill Do Other Than Being Completely And
Utterly Worthless? Is it possible to write a 2,300 page piece of
legislation that accomplishes next to nothing and is pretty much
completely and utterly worthless? The answer is yes.
U.S. Regulatory Bill Nears Passage With Republican Support The U.S.
Senate plans to pass the financial-regulation bill on July 15 as
Democrats secured the 60 votes needed to enact the biggest rewrite
of Wall Street rules since the Great Depression.
Bloomberg Poll Finds Americans No Longer Drinking Kool Aid, 71% See
Economy “Mired In Recession”
Wall Street Is Laundering Drug Money And Getting Away With It Zach Carter
| Wachovia was moving money behind literally tons of cocaine from
violent drug cartels. It wasn’t an accident.
House Democrats hit boiling point over perceived lack of White House
support
Vegetable zionist Zelig joe lieberman’s Model For America: Purging The
Internet of Dissent When political Zelig joe lieberman attempted to
justify draconian legislation that would provide President Obama with
a figurative kill switch to shut down parts of the Internet, he cited the
Chinese system of Internet policing as model which america should
move towards
But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms subpoenaed in attempt to regain Fannie,
Freddie losses (Washington Post). But there’s a reason:
The following youtube video is well worth the look and explains how and
why the frauds on wall street have gotten away with their devastating
fraud thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS
PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In
emotional and personal testimony, an ex-Justice official who quit over
the handling of a voter intimidation case against the New Black
Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants
and white victims ...’ US v. AZ... Cases against Wall Street lag
despite Holder’s vows to target financial fraud Washington Post |
Obama has promised to hold Wall Street accountable for the
meltdown. ):
While boner and barton are indeed jokes / vegetables that bespeak the
single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto
bankruptcy of the nation and a watered down nothing financial
regulation bill for talking points but little substance, make him as big a
joker. This well researched / produced video tells the real story :
http://www.youtube.com/watch?
v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext
_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well
worth the view.
Concern over smashing into the 'wall of debt' (Washington Post) Oh,
they’ve hit the wall alright; and, it’s not just debt.
I believe the printing presses have been working overtime to pump out
ever more worthless fiat currency and with the many trillions of
worthless fraudulent paper still out there and marked to anything. I
further believe the same is being surreptitiously used to supplant the
fraudulent paper, the consequences of which will be devastating, of
course, as is invariably so in depressions in any event. This scenario
would also mean huge fraud accomplis. This market is paper on paper
moving around and generating commissions at lightning
computerized speed but adding no real value in real economic terms;
again, the analogy of termites eating away at the (nation’s) foundation
is apposite. As such, that money has to come from some real place
and hence, the ever more frequent and larger crashes we are seeing.
Don’t forget that the worthless paper from previous such fraudulent
schemes now marked to anything is still out there in a magnitude
some have placed in the hundreds of trillions.
Exports are up, but where are the jobs? (Washington Post) Gone with the
wind? Sorry, I must have been thinking of million dollar movies. Seriously
though, I dare say everyone knows they were gone with that ‘bi-partisan
executive / congressional, think-tank, cia / nsa ill wind’ that others might
refer to as flatulence / passing gas, also called NAFTA, and also proudly
hailed by the foregoing as ‘strategy’. They’re gone, and never to return.
Moreover, the flipside of the exports, viz., imports, doesn’t bode well
despite the fraudulent wall street b*** s*** and their chorus of cheerleaders
in washington. Some might say self-delusion but I would say fraud covers
all.
Companies pile up cash but still won't add jobs (Washington Post) Unlike
the public sector (which now exceeds private sector in job gains and
average compensation), the private sector attempts to mesh hiring with
economic supply / demand factors to maximize (shareholder) profits /
wealth. Whatever faults american companies have, with relatively few
exceptions, this still remains a very basic fundamental and building
surplus (generating profits) is a necessary precept to ensure survival and
the capacity to be a good ‘citizen’ so to speak. Then there’s reality:
Retail sales down for 2nd consecutive month (Washington Post) Another
‘Come on’ day on fraudulent wall street! This time it’s the unexpected
downward revision to previous market-frothing retail sales report and poor
retail sales and plunge in mortgage applications and then there’s the fed
minutes pointing to extended bad economy. See Dave Fry’s (Daily)
summary below referencing in euphemistic fashion, yet another ongoing
manipulation also known as fraud. (Absent prosecutions, they’ll continue
to do what comes natural to frauds on wall street). Great opportunity to sell
/ take profits since much worse, also called reality beyond the b*** s***, to
come. Then there’s also the bad but typical news; viz., retail sales,
mortgage apps, economic outlook down, and yesterday deficits, trade and
budget, up.
Mideast Digest: Wow! Belfast, Northern Ireland; and in the Mideast Digest
Section, of all places. It’s been a long time. While I have had some
difficulties with Irish mob in the context of litigation but only
tangential to my primary RICO action vis-à-vis the Italian mob (and
similarly tangentially the jewish mob and then primarily what I learned
to be ‘governmental mob’, federal, state, local, derivative thereby and
the sine quo non of corruption / bribery / synergy that spells decline
for any nation), it is difficult to not be empathetic to the plight of an
otherwise beautiful nation tainted only by the orange stain in that
northern quarter. After all, what hasn’t england not mucked up from
balfour to the mideast to now even their own nation having hitched a
ride on the american / israeli crazy train. As a matter of disclosure, I
must admit to an affinity for the Irish and somewhat fairly recently had
been asked what I thought of Philadelphia to which without hesitation
I immediately replied that Grace Kelly (truly magnificent by any
standard) was born there. I could think of nothing else that could
parallel such a distinction.
If not for the likes of ie., Dell Computer, most (ie., those die hard Mac,
Iphone, Ipad, etc., aficionados among others) would say microsoft’s
already in the clouds, so to speak. Microsoft takes aim at the cloud
(Washington Post)
No help in sight for jobless (Washington Post) Well, from their perspective,
they really don’t feel your pain, and, it gives the frauds on wall street
another b*** s***, market frothing, false talking point in the form of ‘fewer
continuing claims for unemployment’. Then there’s that ‘ depression thing’.
The Debt Party Is Over ‘… In a Ponzi scheme, the end comes when the
marginal investor decides to do something else with his money. Then the
house of cards stars falling apart. …’
Mattis: 'It's fun to shoot people' Washington Post - Ed O'Keefe - Jul 9, 2010
By Ed O'Keefe President Obama's pick to lead military operations in
Afghanistan, Iraq, Pakistan and the Middle East is an experienced
ground combat commander, but also earned a stern rebuke in 2005 for
controversial comments about combat operations. Gen. James
Mattis is named head of US Central Command Los Angeles Times
Blunt General Appointed to Lead Forces in Mideast New York Times
Technical Indicators Trigger Major Sell Signal ‘…In summary, the bearish
picture is confirmed by technical indicators, a fundamental outlook,
sentiment gauges, and valuations.Based on what the market considered
fair market valuations at prior historic market bottoms, one can conclude
how far stocks have to drop to reach the previously attained level of fair
valuations …’
Simon Maierhofer: ‘On Friday July 9, 2010, 4:32 pm EDT It rarely ever
happens, but when it does, it's serious. It has only happened nine times in
10 years. We are referring to crossovers between the 200-day and 50-day
simple moving averages (SMAs).Very few technical indicators receive as
much attention and media coverage as the 50 and 200-day SMAs. The 200-
day MA is perceived to be the dividing line between a stock that is
technically healthy and one that is not. It's a Big Deal It's a big deal when a
stock or an index drops below the 200-day SMA. It's an even bigger deal
when the 50-day SMA of any given stock or index drops below the 200-day
SMA. Such a crossover reflects internal weakness - at least in theory. We'll
discuss in a moment how the actual numbers match up with theoretic
assumptions. On June 22, 2010, the S&P 500 (SNP: ^GSPC) and Dow Jones
(DJI: ^DJI) dropped below the 200-day SMA. One day later the Nasdaq
(Nasdaq: ^IXIC) followed. On July 2, 2010, the 50-day SMA for the S&P
(NYSEArca: SPY - News) dropped below the 200-day SMA. On July 6, the
Dow Jones (NYSEArca: DIA - News) followed. As of today, the Nasdaq
(Nasdaq: QQQQ - News) is barely hanging on. This sounds like a
doomsday scenario. Does a rigid analysis show that there is validity to 200-
day and 50-day SMA crossover buy/sell signals? Let's
investigate.Crossovers - Lagging but Notable Many argue that the SMA
crossover is a delayed signal that emphasizes past weakness more than it
foreshadows future declines. To an extent, that is true. There are other
warning signals that point to a market turn long before the SMA does. For
example, on April 16, 2010, the ETF Profit Strategy Newsletter noted an
extremely low put/call ratio along with other bullish sentiment extremes.
The newsletter stated that 'the message conveyed by the composite
bullishness is unmistakably bearish. Once prices start to fall and investors
get afraid of incurring losses, the only option is to sell (due to the low
put/call ratio). Selling, results in more selling. This negative feedback loop
usually results in rapidly falling prices.' Prices did fall rapidly. The 22
trading days following the April 26 high, erased eight months worth of
gains. It took a 17% drop for the SMA crossover to trigger a sell signal.
When the ETF Profit Strategy Newsletter issued a strong buy signal on
March 2, 2009, it emphasized that the developing rally would be a counter
trend rally followed by a steep decline and maintained this viewpoint even
though prices kept rallying relentlessly into the April highs. The SMA
crossover now expresses the possibility that even lower prices are ahead.
200 and 50-day SMA Crossovers - How Accurate? How about the SMA
crossover track record? Over the past 10 years, there have been nine S&P
SMA crossovers with five sell and four buy signals. We have yet to see the
results of the most recent sell signal. However, of the eight previous
signals, six were correct. Average gains following each signal were 14.91%.
$10,000 invested according to the buy/sell recommendations given right
after the first sell signal was triggered on October 30, 2000 at S&P 1,399,
would be worth $24,769 today. More Than just Crossovers If it sounds too
good to be true, it often is. As is the case with so many technical
indicators, crossovers need to be viewed in context with other indicators.
In other words, take a step back and evaluate how crossovers fit into the
larger picture. The larger picture (going back to 2007) reveals that trading
volume associated with market declines has been generally high, while
trading volume seen during rallies has been generally low; a bearish sign.
Does Wednesday's 3.13% Rally Invalidate the Sell Signal? On Wednesday,
the S&P rallied 32 points or 3.13%. The Dow rallied 2.82%, while the Nasdaq
rallied 3.13%. Does this mean the bull market is back on track?Since the
April market top, we've seen about a handful of 2-3% bounces. All
associated gains were erased within a matter of days. Chances are this
time will be the same. In fact, some sort of bounce was to be expected. On
July 5, the ETF Profit Strategy Newsletter stated 'considering that the S&P
is butting against the 100-week SMA, lower accelerations band, 38.2%
Fibonacci retracement levels, round number resistance at 1,000, and
weekly s1 at 994, there is a good chance we will see some sort of a bounce
develop from the 990 - 1,015 area. Weekly r1 at 1,066 and pivot at 1,063
should serve as resistance.' This bounce is in its later stages right now.
What's Next? Let's revisit the larger picture. Out of the nine leading
industry sectors, seven have seen their 50-day SMA cross below the 200-
day SMA - financials (NYSEArca: XLF - News), technology (NYSEArca: XLK
- News), consumer staples (NYSEArca: XLP - News), materials (NYSEArca:
XLB - News), utilities (NYSEArca: XLU - News), energy (NYSEArca: XLE -
News) and healthcare (NYSEArca: XLV - News). The consumer
discretionary (NYSEArca: XLY - News) and industrial sector (NYSEArca:
XLI - News) are the only holdouts. All nine sectors, however, trade below
their 200-day SMA. Fundamentals, sentiment readings and valuations also
point south. Some of the fundamentals we have discussed in these pages
are crafty accounting practices designed to hide huge losses racked up by
big financial institutions not yet realized along with a continually bad
unemployment picture. Sentiment surrounding the April highs recorded
extremes not seen since the 2000, 2007, and even 1987 market top. There
are multiple sentiment measures (such as the VIX, cash allocation, put/call
ratio, percentage of bullish/bearish advisors, mutual fund cash levels, etc.).
Each sentiment measure is one piece of the puzzle. The more pieces of the
puzzle you have, the clearer the picture becomes. Leading up to the April
highs, nearly all sentiment indicators peaked, painting a complete bearish
picture. In summary, the bearish picture is confirmed by technical
indicators, a fundamental outlook, sentiment gauges, and valuations.
Based on what the market considered fair market valuations at prior
historic market bottoms, one can conclude how far stocks have to drop to
reach the previously attained level of fair valuations. The ETF Profit
Strategy Newsletter includes a detailed analysis of four valuation metrics
with a track record of accuracy, along with the implied target range for an
ultimate market bottom. This is provided in addition to its short, mid and
long-term forecast. When the market speaks, it behooves investors to
listen. Fighting the tape has often proven to be foolish, as the market will
always have the final word.’
A Market Forecast That Says ‘Take Cover’ New York Times | We have
entered a market decline of staggering proportions — perhaps the biggest
of the last 300 years.
Light Volume Temptations: Dave's Daily ‘Volume still matters, doesn't it? It
seems not as the financial media ignores our light volume market in favor
of writing bullish headlines. With hedge funds mostly sidelined according
to reports posted here yesterday, the primary buyers must be trading
desks on Wall Street and a handful of algo traders. It's tempting to come off
the sidelines and join the fun but perhaps it's just the trap they're laying for
you. A headline at Reuters read this afternoon: "Weaker Economic Views
Equals Stronger 3-Year Note Sale". So, if equity markets are forward-
looking one must wonder what these few buyers are seeing beyond a
short-term trade. Headline writers say its strong earnings growth that will
prop markets coupled with rosy outlooks. That would have to be the case
otherwise this is just a sucker's rally. As stated, volume was holiday-like
light (40% below average) making it really easy for the machines to take
over trading, and so they did ... ‘
David Icke onTV: Humanity’s Last Chance Infowars.com | Alex talks with
writer, public speaker, and former well-known BBC television sports
presenter David Icke. As the United States Collapses, Media
Worships LeBron James Infowars gives the inside scoop on
basketball MVP LeBron James’ pivotal trade decision. America Is
In A Societal Meltdown Chuck Baldwin | America is in the midst of a
complete and total spiritual, societal, cultural, moral, and political
meltdown. Obama Selects General Who Likes Killing Muslims to
Centcom Kurt Nimmo | Gen. Mattis has the same habit of speaking his
mind as McCrystal.
The Lights Are Going Out For Free Speech On The Internet Type the
keywords “Internet censorship” into Google News and you will
immediately understand to what degree the world wide web is under
assault from attempts by governments globally to regulate and stifle
free speech. From Australia to Belarus, from Turkey to Vietnam, from
Pakistan to Egypt, from Afghanistan to Iran, huge chunks of the
Internet are going dark as the Chinese model of Internet regulation is
adopted worldwide. [Has everybody lost their minds? Referring to the
china model as something to be emulated. It’s true they are more
productive than america, generally, but their business model is almost
prehistoric and the direct consequence of the great american sell-out
for money (the ‘pass through’ or direct) by those who’ve pledged
otherwise (walmart, congress, clinton, bush, wobama, etc.). Even
some of their simplest products are junk (but priced incredibly low to
make the relative value) and seem to have adopted that GM strategy of
planned obsolescence, breakdown, etc., to spur sales. Then there’s
the communist faux capitalism paradox, suppression, oppression,
etc., which has even the defacto bankrupt, pervasively corrupt, fallen
america blindly following. Quite simply, their ancient business model
is slave labor. As for Iran, they are a relatively small nation under
collective siege.]
US taxpayers’ Afghan aid money buys rich Afghans’ Dubai villas You
already might have heard that it costs the United States $1 million for
each solider per year in Afghanistan, to cover the cost of the soldiers’
benefits, troop transports and other materiel. Billions of dollars
secreted out of Kabul Spiegel Online | Billions of dollars are being
secreted out of Kabul to help well-connected Afghans buy luxury
villas in Dubai and then there are the american recipients who are a bit
more careful with their stash.
The New Civil Wars Within the West Gregory R. Copley | Internecine civil
wars are underway almost everywhere within the West, and most
virulently in the United States of America. On Why America’s 234th
Birthday May Not Have Many More To Follow Zero Hedge | It is my
firm belief that we have come to the “end of the road” for the financial
system.
Iran says planes denied fuel in Germany, UK, UAE Reuters | The claim
could not be independently confirmed and was met abroad by
skepticism. [Europe really fell fast. They make Christians look like the
dumbest people in the world, along with the likes of ie., UAE if true
(and defacto bankrupt america). After all, this ‘all for israel’ mantra is
contraindicated inasmuch as the hebrews deny the very foundation of
the Christian religion and indeed were behind his crucifixion].
• Double Dip Recession and the Obama 2011 Budget (February 2010):
The long and short is that – come Summer – the inventory cycle’s
thrust will have dissipated. And if companies are not hiring by this
time and consumer spending is not increasing more robustly, then
the state budgets, the strategic defaults and all of the rest of that
becomes a serious obstacle. In my view, more likely than not, this
will lead to another recession late in 2010 or in 2011. And nothing in
the President’s budget changes this outlook.
• The mindset will not change; a depressionary relapse may be
coming (March 2010): the inventory cycle’s impact on GDP growth
will attenuate. By the second half of 2010, inventories will not add
considerably to GDP.
• US GDP growth rate is unsustainable; recovery will fade (April 2010):
The inventory cycle is already starting to fade. That means weak 1 or
2% growth at best by Q4 2010. Unless job growth picks up
tremendously by the second half of the year, this recovery is in
trouble.
David Rosenberg says the ISM leads jobs. And, the latest jobs numbers
were weak.
I would be nonplused about the recent ISM data if it weren’t for the column
highlighted in red. Notice how the momentum for everything is slowing.
Not just the overall index, but new orders, production and employment …’
U.S. Economy “Is a Complete Disaster” Yahoo! Finance | The U.S. economy
is in shambles and Americans will continue to see high
unemployment and lower living standards in the years to come.
America is sinking under Obama’s towering debt I hope the White
House is paying attention to the latest annual Congressional Budget
Office Long-Term Budget Outlook, which offers a truly frightening
picture of the scale of America’s national debt, with huge implications
for the country’s future prosperity. 7.9 million jobs lost, many
forever CNNMoney | The recession killed off 7.9 million jobs. It’s
increasingly likely that many will never come back.
50 Random Facts That Make You Wonder What In The World Has Happened
To America The Economic Collapse | For those who still love this land
(and there are a lot of us) it is heartbreaking to watch America slowly
die. BP, Homeland Security, and Cops Work Together to Deny First
Amendment Kurt Nimmo | BP, Homeland Security, the FBI’s Joint
Terrorism Task Force, and local cops will now decide if it is
acceptable for journalists to take photographs. Will G20 Police
Succeed In Covering Up Reports of Rape and Torture? Infowars.com |
Can authorities be allowed to cover-up the Abu-Ghraib style
incarceration methods Toronto police engaged in during the G20
summit this past weekend, where women were arrested and
subsequently raped by male cops? Emergency S.O.S.: America
Falling to Foreign Bank Takeover – Fourth of July Alex Jones breaks
down the takeover by offshore banking powers– newly empowered by
Congress’ banking “reform,” expanded taxes worldwide, as well as
accelerated moves towards ending the Dollar’s reserve status,
including urging from a recent United Nations report. More than
one-quarter don’t know who US gained independence from Every
Fourth of July, Americans gather to celebrate the country’s
declaration of independence from … um, what country was that
again?
Turn On, Tune In...Nah, Just Drop Out … Discouraged workers at a new
cycle high And small wonder. The median unemployment duration went to
a new all-time high (since the 1940s, anyway, when that series begins) and
shows no signs of slowing its ascent … (Chart, source Bloomberg)…
50 Random Facts That Make You Wonder What In The World Has Happened
To America - The Economic Collapse July 2, 2010 Our world is
changing at a pace that is so staggering these days that it can be
really hard to fully grasp the significance of what we are witnessing.
Hopefully the collection of random facts below will help you to
“connect the dots” just a little bit. On one level, the facts below may
not seem related. However, what they all do have in common is that
they show just how much the United States has fundamentally
changed. Do you ever just sit back and wonder what in the world has
happened to America? The truth is that the America that so many of
us once loved so much has been shattered into a thousand pieces.
The “land of the free and the home of the brave” has been
transformed into a socialized Big Brother nanny state that is oozing
with corruption and has accumulated the biggest mountain of debt in
the history of the world. The greatest economic machine that the
world has ever seen is falling apart before our very eyes, and even
when our politicians actually try to do something right (which is quite
rare) the end result is still a bunch of garbage. For those who still
love this land (and there are a lot of us) it is heartbreaking to watch
America slowly die.
The following are 50 random facts that show just how dramatically america
has changed….
#50) A new report released by the United Nations is publicly calling for the
establishment of a world currency and none of the major news
networks are even covering it.
#49) Arnold Schwarzenegger has ordered California State Controller John
Chiang to reduce state worker pay for July to the federal minimum allowed
by law — $7.25 an hour for most state workers.
#48) A police officer in Oklahoma recently tasered an 86-year-old disabled
grandma in her bed and stepped on her oxygen hose until she couldn’t
breathe because they considered her to be a “threat”.
#47) In early 2009, U.S. net national savings as a percentage of GDP went
negative for the first time since 1952, and it has continued its downward
trend since then.
#46) Corexit 9500 is so incredibly toxic that the UK’s Marine Management
Organization has completely banned it, so if there was a major oil spill in
the North Sea, BP would not be able to use it. And yet BP has dumped
over a million gallons of dispersants such as Corexit 9500 into the Gulf of
Mexico.
#45) For the first time in U.S. history, more than 40 million Americans are
on food stamps, and the U.S. Department of Agriculture projects that
number will go up to 43 million Americans in 2011.
#44) It has come out that one employee used a Federal Emergency
Management Agency credit card to buy $4,318 in “Happy Birthday” gift
cards. Two other FEMA officials charged the cost of 360 golf umbrellas
($9,000) to the taxpayers.
#43) Researchers at the State University of New York at Buffalo received
$389,000 from the U.S. government to pay 100 residents of Buffalo $45
each to record how much malt liquor they drink and how much pot they
smoke each day.
#42) The average duration of unemployment in the United States has risen
to an all-time high.
#41) The bottom 40 percent of all income earners in the United States now
collectively own less than 1 percent of the nation’s wealth.
#40) In the U.S., the average federal worker now earns about twice as much
as the average worker in the private sector.
#39) Back in 1950 each retiree’s Social Security benefit was paid for by 16
workers. Today, each retiree’s Social Security benefit is paid for by
approximately 3.3 workers. By 2025 it is projected that there will be
approximately two workers for each retiree.
#38) According to a U.S. Treasury Department report to Congress, the U.S.
national debt will top $13.6 trillion this year and climb to an estimated $19.6
trillion by 2015.
#37) The federal government actually has the gall to ask for online
donations that will supposedly go towards paying off the national debt.
#36) The Cactus Bug Project at the University Of Florida was
allocated $325,394 in economic stimulus funds to study the mating
decisions of cactus bugs.
#35) A dinner cruise company in Chicago got nearly $1 million in economic
stimulus funds to combat terrorism.
#34) It is being reported that a 6-year-old girl from Ohio is on the “no fly”
list maintained by U.S. Homeland Security.
#33) During the first quarter of 2010, the total number of loans that are at
least three months past due in the United States increased for the 16th
consecutive quarter.
#32) According to a new report, Americans spend twice as much as
residents of other developed countries on healthcare, but get lower quality
and far less efficiency.
#31) Some experts are warning that the cost of bailing out Fannie Mae and
Freddie Mac could reach as high as $1 trillion.
#30) The FDA has announced that the offspring of cloned animals could be
in our food supply right now and that there is nothing that they can do
about it.
#29) In May, sales of new homes in the United States dropped to the lowest
level ever recorded.
#28) In 1950, the ratio of the average executive’s paycheck to the average
worker’s paycheck was about 30 to 1. Since the year 2000, that ratio has
ranged between 300 to 500 to one.
#27) Federal border officials recently said that Mexican drug cartels have
not only set up shop on American soil, they are actually maintaining
lookout bases in strategic locations in the hills of southern Arizona.
#26) The U.S. government has declared some parts of Arizona off limits to
U.S. citizens because of the threat of violence from Mexican drug
smugglers.
#25) According to the credit card repayment calculator, if you owe $6000 on
a credit card with a 20 percent interest rate and only pay the minimum
payment each time, it will take you 54 years to pay off that credit card.
During those 54 years you will pay $26,168 in interest rate charges in
addition to the $6000 in principal that you are required to pay back.
#24) According to prepared testimony by Goldman Sachs Chief Operating
Officer Gary Cohn, Goldman Sachs shorted roughly $615 million of the
collateralized debt obligations and residential mortgage-backed securities
the firm underwrote since late 2006.
#23) The six biggest banks in the United States now possess assets
equivalent to 60 percent of America’s gross national product.
#22) Four of the biggest U.S. banks (Goldman Sachs, JPMorgan Chase,
Bank of America and Citigroup) had a “perfect quarter” with zero days of
trading losses during the first quarter of 2010.
#21) 1.41 million Americans filed for personal bankruptcy in 2009 – a 32
percent increase over 2008.
#20) BP has hired private security contractors to keep the American
people away from oil cleanup sites and nobody seems to care.
#19) Barack Obama is calling for a “civilian expeditionary force” to be sent
to Afghanistan and Iraq to help overburdened military troops build
infrastructure.
#18) On June 18th, two Christians decided that they would peacefully pass
out copies of the gospel of John on a public sidewalk outside a public Arab
festival in Dearborn, Michigan and within 3 minutes 8 policemen
surrounded them and placed them under arrest.
#17) It is being reported that sales of foreclosed homes in Florida made up
nearly 40 percent of all home purchases in the first part of this year.
#16) During a recent interview with Larry King, former first lady Laura Bush
revealed to the world that she is actually in favor of legalized gay marriage
and a woman’s “right” to abortion.
#15) Scientists at Columbia University are warning that the dose of
radiation from the new full body security scanners going into airports all
over the United States could be up to 20 times higher than originally
estimated.
#14) 43 percent of Americans have less than $10,000 saved for retirement.
#13) The FDIC’s deposit insurance fund now has negative 20.7 billion
dollars in it, which represents a slight improvement from the end of 2009.
#12) The judge that BP is pushing for to hear an estimated 200 lawsuits on
the Gulf of Mexico oil disaster gets tens of thousands of dollars a year in
oil royalties and is paid travel expenses to industry conferences.
#11) In recent years the U.S. government has spent $2.6 million tax dollars
to study the drinking habits of Chinese prostitutes and $400,000 tax dollars
to pay researchers to cruise six bars in Buenos Aires, Argentina to find out
why gay men engage in risky sexual behavior when drunk.
#10) U.S. officials say that more than three billion dollars in cash (much of
it aid money paid for by U.S. taxpayers) has been stolen by corrupt officials
in Afghanistan and flown out of Kabul International Airport in recent years.
#9) According to a report by the U.S. Department of Transportation’s
Bureau of Transportation Statistics, the baggage check fees collected by
U.S. airlines shot up 33% in the first quarter of 2010 to $769 million.
#8) Three California high school students are fighting for their right to
show their American patriotism - even on a Mexican holiday - after they
were forced to remove their American flag T-shirts on Cinco de Mayo.
#7) Right now, interest on the U.S. national debt and spending on
entitlement programs like Social Security and Medicare are somewhere in
the neighborhood of 10 to 15 percent of GDP. By 2080, they are projected
to eat up approximately 50 percent of GDP.
#6) The total of all government, corporate and consumer debt in the United
States is now about 360 percent of GDP.
#5) A 6-year-old girl was recently handcuffed and sent to a mental facility
after throwing temper tantrums at her elementary school.
#4) In Florida, students have been arrested by police for things as simple
as bringing a plastic butter knife to school, throwing an eraser, and
drawing a picture of a gun.
#3) School officials in one town in Massachusetts are refusing to
allow students to recite the Pledge of Allegiance.
#2) According to one new study, approximately 21 percent of children in
the United States are living below the poverty line in 2010.
#1) Since 1973, more than 50 million babies have been murdered in
abortion facilities across the United States.
Obama Calls for Pentagon “Civilian Component” [Wow! Sounds like a plan
… riiiiight!] Kurt Nimmo | Obama wants to send civilians to the
occupation zones in Iraq and Afghanistan.
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:
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:
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.
There are over twenty new or higher taxes in Obamacare. Several will first
go into effect on January 1, 2011. They include:
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.
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.
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.
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
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:
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 …
Obama Can Shut Down Internet For 4 Months Under New Emergency
Powers President Obama will be handed the power to shut down the
Internet for at least four months without Congressional oversight if
the Senate votes for the infamous Internet ‘kill switch’ bill, which was
approved by a key Senate committee yesterday Congressman
Rohrabacher: Almost All House Republicans Think Iraq War Illegal,
Immoral Andrew Napolitano’s new Saturday show on the Fox
Business Network is set to send shock waves through the political
establishment this weekend when his guest – Republican
Congressman Dana Rohrabacher – reveals that almost all House
Republicans now believe that the invasion of Iraq was not only a
mistake, but also illegal and immoral. New Financial Overhaul
Gives Government Broad New Powers To Seize Financial Firms The
government would have broad new powers to seize and wind down
large, failing financial firms and to oversee the $600 trillion derivatives
market. Israeli Leaders Sued in Belgium for War Crimes
Israeli Leaders Sued in Belgium for War Crimes Former Prime Minister
Ehud Olmert, Israeli opposition leader Tzipi Livni and Defense Minister
Ehud Barak were among those charged with war crimes committed
during the Gaza war in the winter of 2008-09, the French daily Le
Monde reported. Congress OKs sanctions on Iran’s energy, banks
Congress on Thursday approved tough new unilateral sanctions
aimed at squeezing Iran’s energy and banking sectors, which could
also hurt companies from other countries doing business with
Tehran.
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 netanayahu rules out apology to Turkey over deadly raid
(AFP)
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.
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?
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
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.
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.
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! ]
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.
Click here to see the Debt Clock, which is updated every second.
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
NATION NEWS DIGEST: J.P. Morgan Chase posts $4.8 billion profit
(Washington Post) Yet another ‘Come on’ day on fraudulent wall street!
This time it’s the unexpected jump in continuing claims for unemployment,
yesterday the downward revision to previous market-frothing retail sales
report and poor retail sales and plunge in mortgage applications and then
there’s the fed minutes pointing to extended bad economy. Then there’s
also now the ‘goldfinger factor’ as in goldman’s middle finger. When you
defraud for many billions, paying $550 million is chump change. Goldman
shares rocketed 5.5% in after-hours trading. No wonder Goldman called it
"the right outcome for our firm shareholders and clients." (Absent
prosecutions, they’ll continue to do what comes natural to frauds on wall
street). Great opportunity to sell / take profits since much worse, also
called reality beyond the b*** s***, to come. Then there’s also the bad but
typical news; viz., previous retail sales, mortgage apps, economic outlook
down, and continuing claims for unemployment, deficits, trade / budget,
up. (Just in: 7-16-10 Poll – only 43% of Americans approve of the
Afganistan War, down from 52% in January, 2010)
Mideast Digest: Wow! Belfast, Northern Ireland; and in the Mideast Digest
Section, of all places. It’s been a long time. While I have had some
difficulties with Irish mob in the context of litigation but only
tangential to my primary RICO action vis-à-vis the Italian mob (and
similarly tangentially the jewish mob and then primarily what I learned
to be ‘governmental mob’, federal, state, local, derivative thereby and
the sine quo non of corruption / bribery / synergy that spells decline
for any nation), it is difficult to not be empathetic to the plight of an
otherwise beautiful nation tainted only by the orange stain in that
northern quarter. After all, what hasn’t england not mucked up from
balfour to the mideast to now even their own nation having hitched a
ride on the american / israeli crazy train. As a matter of disclosure, I
must admit to an affinity for the Irish and somewhat fairly recently had
been asked what I thought of Philadelphia to which without hesitation
I immediately replied that Grace Kelly (truly magnificent by any
standard) was born there. I could think of nothing else that could
parallel such a distinction.
Officials: Karzai aide part of wider probe (Washington Post) If only he hadn’t
taken / made those calls to the Taliban, things would still be aok for
america. Yeah, they’d be ‘down with it’. You know, everything
copasetic …
Hopes … ah, yes, hopes … as in heroin high hopes, or high apple pie in the
sky hopes, or the u.s. ram that kept buttin’ that dam high hopes?
Sounds like a plan! Riiiiight! U.S. hopes Afghanistan-Pakistan trade
deal boosts cooperation in war effort: U.S. … hopes more
cooperation will aid war effort (Washington Post)
Israeli-Palestinian peace talks expected to resume in September: Quartet
to issue invitation for Israel and Palestinians (Washington Post) Ah
yes! The sound of peace breaking out all over in the Middle East. If
you don’t hear it, it’s probably owing to the latest pretext by Israel to
sabotage the same.
Karzai's bid to control inquiries worries U.S. (Washington Post) [My Lord!
You just can’t make this stuff up! The americanization of Afghanistan
… hopelessly corrupt … but american ‘liberators’ want their cut from
the now hopelessly corrupt liberated nation, in america’s own image,
of the heroin trade they’ve worked so hard to restore.] There is
growing concern that U.S. support for the war will diminish further if
voters continue to see the Afghan government as hopelessly corrupt.
Afghans still see U.S. as bad guy (Washington Post ) [Riiiiight! Sounds like a
plan … winning hearts and minds throughout the world … great for exports
also as such ‘won hearts and minds’ just love to buy american.] American,
NATO forces retain blame for civilian deaths despite spike from insurgent
violence.
U.S. looks to replicate Iraq strategy, tactics (Washington Post ) [Oh right!
Stick with that winning plan that worked so swimmingly (as in drowning, in
ie., debt, death, regional if not wordly anti-american sentiment, etc.)]. In
Kandahar, U.S. military officials hope that a secure green zone, similar to
the area in Baghdad, will make it more difficult for Taliban insurgents to
mount attacks to key buildings in the Afghan city.
China focuses on military might (Washington Post) [And the big difference
here (between them and defacto bankrupt america) is that ‘THEY CAN
AFFORD IT’ and are not fighting nation-bankrupting, anti-american-
sentiment-creating wars all over the place.] Nation is quickly modernizing
forces, extending influence deep into Pacific and Indian oceans.
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
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 Obama Deception’ Censored A viral You Tube upload of one of Alex
Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the
movie’s title to the top of the major internet search engines.
The following youtube video is well worth the look and explains how and
why the frauds on wall street have gotten away with their devastating
fraud thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS
PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In
emotional and personal testimony, an ex-Justice official who quit over
the handling of a voter intimidation case against the New Black
Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants
and white victims ...’ US v. AZ... Cases against Wall Street lag
despite Holder’s vows to target financial fraud Washington Post |
Obama has promised to hold Wall Street accountable for the
meltdown. ):
While boner and barton are indeed jokes / vegetables that bespeak the
single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto
bankruptcy of the nation and a watered down nothing financial
regulation bill for talking points but little substance, make him as big a
joker. This well researched / produced video tells the real story :
http://www.youtube.com/watch?
v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext
_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well
worth the view. [ The Obama Deception Number 1 on U.S. Google
Trends ]
‘The Obama Deception’ Censored A viral You Tube upload of one of Alex
Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s
title to the top of the major internet search engines. In light of this
development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same
if incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative ‘ESOTERIC
AGENDA’ which explains how we’ve gotten to this forlorn point:
http://video.google.com/videoplay?docid=-7052400717834950257#
‘West, israel linked to SE Iran blasts’ A ranking official with the Islamic
Revolution Guards Corps (IRGC) has implicated “the us, israel and
some european countries” in the deadly blasts in the southeastern
Iranian city of Zahedan.
Wall Street Is Laundering Drug Money And Getting Away With It Zach Carter
| Wachovia was moving money behind literally tons of cocaine from
violent drug cartels. It wasn’t an accident.
Vegetable zionist Zelig joe lieberman’s Model For America: Purging The
Internet of Dissent When political Zelig joe lieberman attempted to
justify draconian legislation that would provide President Obama with
a figurative kill switch to shut down parts of the Internet, he cited the
Chinese system of Internet policing as model which america should
move towards
Ex-Justice official: CIA may have exceeded limits (Washington Post) Wee
doggies! This sounds like the stuff that SNL Weekend Update ‘Really’
skits are made of; also fitting into that list of queries as, ‘Is the Pope
Catholic?’, ‘Do bears **** in the woods?’, etc.. Come on! Wake up!
This is the kind of complicit cover-up / corruption found betwixt and
between all three branches of the u.s. government leading ineluctably
to america’s current decline and to which I’ve attested under penalty
of perjury in the context of the RICO litigation [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpe
naltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
Wall Street Is Laundering Drug Money And Getting Away With It Zach Carter
| Wachovia was moving money behind literally tons of cocaine from
violent drug cartels. It wasn’t an accident.
There is really no way to rationalize or attempt to justify what america is /
has become since they have with open eyes chosen this contra-
indicated course of ineluctable decline, from illegal wars, to war
crimes, to backing war criminal nations as israel, to huge frauds, to
war profiteering, to illicit drug trafficking and money laundering, and
this list goes on and on …:
(Previously) I’d say this alito vs. wobama is a tempest in a teapot inasmuch
as alito is more than just a lightweight, hack, liar, fraud etc., as set forth in
the comments. alito is a criminal who should have served / should be
serving time in prison for obstruction of justice, bribery, among other RICO
violations. To alito, drug money is as green as corporate money and worth
his vote as well. In addition to being an inept [I looked in on the one mob
case he had brought, bungled, lost (accidently on purpose?) since I was
suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt alito brought in
all 20 mob defendants (rather than prosecute one or a few to flip them first)
who feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches)] and corrupt (see below and
particularly the summary provided to the FBI under penalty of perjury [
http://www.albertpeia.com/112208opocoan/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.
-----------------------
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 |
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.
[ 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)
There must be such things as parallel universes (I don’t really believe that,
because there isn’t) or how else do you explain the disconnect
between reality, current and prospective, and the wet dreams posited
to keep the war funding / corporate welfare programs alive in
collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much
higher. Even israel apologist Cohen of The Washington Post alludes
to the Vietnam analogy. However, even if there were real goals beyond
the poppy / heroin trade which the Taliban had all but eradicated
(there isn’t); even if america wasn’t defacto bankrupt (america is);
even if america wasn’t killing innocent civilians in large numbers (war
criminal nation america is); even if america’s allies haven’t similarly
helped to bankrupt themselves by way of this war (they have); even if I
hadn’t told you so (I did) ….. this war still was, is, and remains a very
bad idea!
How does anyone take the u.s. seriously in light of their credibility
problems, war crimes, etc.? What nuke technology israel didn’t steal
from the u.s., the u.s. gave them along with missile, armaments, etc..
and paid for with taxpayer money that u.s. taxpayers and the defacto
bankrupt nation don’t have.
It's time to expel israel from the UN Without doubt, the israeli attack on the
Gaza-bound "Freedom Flotilla" in the dawn of Monday, May 31, 2010 is
one of the most savage crimes in recent history. It seems the ruling
power in Tel Aviv has been afflicted with a variant of mad cow
disease; otherwise, how could it be so cruel to unleash such a beastly
raid on the "Mavi Marmara," the Turkish flagship of a flotilla carrying
medical and humanitarian supplies to the hapless people of Gaza
Strip?
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.
Billo Says:
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:
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.
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
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 ...
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
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
"What this means is that Neanderthals are not totally extinct. In some of us,
they live on," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the
distinction, without a difference). Actually, prior to studying the
compelling subject of Biological Anthropology (Michael Park text), I
too had some misconceptions about the group known as Neandertals
(recent spelling drops the ‘h’) and actually mis-referenced same by the
stereotypical image of members of said clade even as the debate
continues as to whether they are within the species homo sapiens or a
separate species. I believe these to be distinctions without important
differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi
Klum thinks on the subject.
Previously I wrote:
FOUND: MISSING LINK BETWEEN APES AND MAN.... 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
Sen. Levin urges State Department to put Afghan Taliban on list of terror
groups (Washington Post) Oooooh! … Sounds like a plan … and
emanating from washington (and a thriving Michigan jew no less) …
who says they don’t do anything? … And, consistent with that
apocalyptic vision set forth in the Bible [albeit a book of truth from a
very limited perspective (for which literal interpretations are
misleading); after all, the Wise Men thought it was a movable star that
was guiding them and shone the bright ‘spotlight’ upon the manger
with the Christ]; the jews and some other entity against the rest of the
world for that final Armageddon … oh, they’ll make that happen … it
gets them through their day with every step closer to apocalypse but
not to the place called heaven will they go. The end of this world? You
might say america / israel / and theirs are feverishly working on just
that, one way or another!
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm