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Business / Economic / Financial

[ This link to a somewhat more cumulative blog posts page will precede
current days news since most all topics remain current in terms of
impact and longer-term effect and can be searched by topical index
term more easily. The same is provided since the blog site
http://alpeiablog.blogspot.com has just been censored as to size by
google which is typical for google as nsa / cia / gov’t shill as more are
becoming aware of. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is
provided for ease of formatting and clarity thereby while the
Washington Post page is the real deal but without formatting
http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?
plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaper
UserId=alpeia ]

Obama to call for $100B business tax credit (Washington Post) [ Just in
time … for the elections … and to make america, only slightly more
bankrupt ... at this point, who’s counting? ] Under mounting pressure to
intensify his focus on the economy ahead of the midterm elections,
president seeks to boost research and development

Afghan bankers' assets frozen (Washington Post) Authorities bar sale of


properties held by principal owners, but freeze excludes Karzai's brother
[ Yeah … don’t want to get him too angry … he’s too valuable to the heroin
trade resurrected by america. ].

Small businesses feel squeezed by Obama policies (Washington Post)


[ Well, the grim reality for them is that they just don’t pony-up those big
campaign dollars like those non-performing corporate welfare recipient
conglomerates / big businesses. ]

Celebrating Job Losses ‘For now I will stick with the belief that Friday's
action was just another oversold rally in the context of a falling market. I
would love for the economy to right itself … Unfortunately I still don’t see
or understand how we are going to accomplish those things in the near
term. I do see many technical indicators flashing warning signs … Until
then cash is the safest investment and all celebrations should be put on
hold.’

Sellers Cut Prices on 50% of Homes Homeowners are slashing prices more
drastically and more frequently, according to recently released data
from ZipRealty. The average price reduction is now 7.1 percent of list
price.

Roubini: India May Overtake China within a Year Roubini warned that world
growth leader China was too dependent on exports to the struggling
West and predicted that within a year its economic growth will be
overtaken by India, a huge nation much more reliant on its domestic
market for development.

10 Reasons Why Conservatives Should Be Against Unfair Trade With China


And 10 Reasons Why Liberals Should Be Against Unfair Trade With
China Liberals and conservatives should both be able to agree that it
is not a good thing for millions of American jobs to leave the United
States and go to China.

CNN’s ‘Glass One-Quarter Full’ Spin: Emphasize Private Job Gains The
Bureau of Labor Statistics released its “all-important” jobs report on
Sept. 3, the morning before Labor Day weekend. CNN rapidly found
the “bright spot” in a report that showed a net loss of 54,000 jobs and
a higher 9.6 percent unemployment rate.

Targeting American Citizens: CIA Takes Global Murder Policy to Next Level
Kurt Nimmo | The CIA has a long track record of targeting untold
numbers of people for elimination.

Vaccinate the World: Gates, Rockefeller Seek Global Population Reduction


Daniel Taylor | The war against population is an ongoing effort on part
of the global elite.
Irish protesters hurl bottles, eggs, shoes at phony tony blair (phony tony’s
a total fraud) during book signing Agence France-Presse | One woman
said she tried to make a citizen’s arrest on Blair once he was inside
the bookshop where the event was taking place.

Democrats running on austerity (Washington Post) [ Wee doggies! … The


new republican party is born … Actually, despite the myth, the reality is
that under Reagan ( and the bushies, and of course, wobama – clinton
caught a break with the peace dividend but the bureaucracy grew )
government spending significantly increased along with the government
bureaucracy. ] Fearing midterm wipeout, party hopefuls embrace budget
cuts with the zeal of Reagan Republicans.

Palin calls reporters 'impotent' and 'limp' (Washington Post) [ I must


reiterate, she, palin’s so embarrassingly dumb! She truly is the joke that
keeps on giving! I really mean it! I mean, what next? ] The former Alaska
governor weighed in herself: "Those who are impotent and limp and
gutless and they go on their anonymous -- sources that are anonymous --
and impotent, limp and gutless reporters take anonymous sources and cite
them as being factual references," she told Sean Hannity. "It just slays me (
this could be a somewhat Freudian slip as she contemplates the
uselessness of sexually non-interested reporters while she meant lays and
I think her supposed / purported attractiveness / desirability is vastly
overstated; but, this makes for great SNL skits; you know, those reporters
not man enough to service her ) because it's so absolutely clear what the
state of yellow journalism is today that they would take these anonymous
sources as fact."

Ex-bank executives say their dismissals caused panic withdrawals in Kabul


(Post, September 4, 2010; 8:52 AM) Karzai urges Afghans not to panic as
bank withdrawals accelerate (Post, September 4, 2010; 3:11 AM) Suicide
bombing kills at lesat 55 (Washington Post) Pakistan… After Iraq war,
uncertainty and seemingly mixed messages (Post, September 2, 2010; 4:26
PM) [ What do these nations have in common? An american presence …
and from the foregoing it’s clear that this sounds like a reporting job for
Rosanne Rosanna Dana of SNL fame who has insight into such scenarios
as this ‘cause her mama always said …it’s always something! ]
U.S. to temper stance on Afghanistan corruption (Washington Post)
[ Sounds like a plan! After all, in america’s own image of corruption, ie.,
bribery, heroin trade, etc., they’re remolding Afghanistan replete with good
old american style corruption and they don’t want no noses pokin’ around
to see america’s direct involvement in the corruption, bribery, etc., and
particularly the heroin trade, the american raison d’etre there where the
Taliban had all but eradicated the heroin production / trade which surged
thereafter with the american participation. The American rationale seems to
be, continue the corruption, etc., since to eliminate same would help the
Taliban. Riiiiight! My, oh my! You can’t make this stuff up.] Military
officials conclude that effort to drive out all but the most corrosive abuses
in region would create a power vacuum that Taliban could exploit.

Economy treading water as jobless rate rises (Washington Post) [ Ah yes,


sweet Neil Irwin! He might just have those rosy fraudulent wall street
glass half-full word pictures on his mind. But, not to rain on his
parade, I’d say that drowning victim, Mr. Economy’s gone down for
the third time! ] Neil Irwin The unemployment rate rose to 9.6 percent,
the Labor Department said Friday, but private employers added 67,000
jobs -- data that offer a mixed portrait of the labor market in an
economy that is neither growing fast enough to bring down
joblessness nor sinking back into a new downturn.

Not-so-dire jobs report gives stocks a boost (Washington Post) AP


Business Highlights [ Wow! ‘Private employers hired more workers over
the past three months than first thought’ … Riiiiight! Especially with 2
months to the mid-term elections (time for federal term limits and the
abolition of lifetime appointments for anything owing to the nation’s
defacto bankruptcy), desperation with fake / false data / reports; and, that
negative but better than expected thing as unemployment rate inches up to
9.6% (the real unemployment rate is approximately 20+% with that ‘stopped
looking’ fudge-factor giving them the false positive). I mean, come on!
Private reports on non-farm payrolls down each week, but suddenly from
out of nowhere defying virtually all economist estimates the ue claims are
up, and prior gov’t reports revised up. This is a great opportunity to sell /
take profits! ] ‘(AP)Companies add 67K workers, but jobless rate rises
WASHINGTON (AP) -- Private employers hired more workers over the past
three months than first thought, a glimmer of hope for the weak economy
ahead of the Labor Day weekend. But the unemployment rate rose because
not enough jobs were created to absorb the growing number of people
looking for work ...’

Mark Hulbert's Take: What Are the Odds of a September Decline? at


Seeking Alpha (Fri, Sep 3) ‘Some of the work Mark Hulbert does is nothing
more than telling us what the gurus in the universe he follows are thinking
individually and, more frequently, in the aggregate. But of late, he also has
been doing some far more interesting analysis in the “Yale Hirsch” mode –
and the results are not satisfying if you are a bull.

The bullish case seems to rest on two platforms: (1) August was really bad
therefore September should be good in reaction to that, and (2) “Everyone”
now expects the current crop of politicos to suffer major setbacks in
November and, since the market is a predictive mechanism, investors are
positioning themselves today for what they believe will be wonderful news
post-November (like an extension of the current tax rates and a reduction
in pork-barrel spending by irresponsible pols.)

The Dow rallied more than 300 points the first two days of September so,
making the usual straight-line assumption, bulls believe that today is the
day to get invested, Hmmm. Let’s examine each of the above platforms in
turn.

Quoting Mr. Hulbert’s conclusions based upon his historical analysis:

I have good news and bad news when it comes to slicing and
dicing the historical data as it pertains to September.

The good news is that it is possible, by carefully reading the


statistical tea leaves, to get advance insight into whether any
given month is likely to do better or worse than average.

The bad news: Those tea leaves provide no such hope that
this September will be able to beat its historical reputation as
being awful for stocks.

His research shows that since 1896 (the year the Dow Jones Industrial
Average was created,) the Dow has lost an average of 1.15% in September.
The average gain for all other months was 0.71%. Worse, a look at the
historical record shows that Septembers did not show a 1.15% decline
following a bad August – they showed a 2.7% decline! Typically, when
August is down, as goes August, so goes September -- only twice as bad
as usual.
Worse than that, Hulbert notes, “During each of the past nine decades...
September's rank relative to other months in terms of performance was
never higher than ninth. It was dead last in five of those nine decades --
including the most recent one.”
He adds a final bit of gasoline to this bonfire by noting that the CBOE's
Volatility Index (VIX) is relatively low going into September, the month
tends to do better. Uh-oh. The VIX at the end of August was quite a bit
higher than 20. (And for those who have followed our comments on the
VXX and VXZ ETFs in the past, we believe they have now entered an
excellent buy area.)
As for the second platform, the market seldom reacts favorably to the same
news twice. I’ve been writing for two years that the pendulum will swing,
that the 2008 election was a rejection of the guns-and-butter policy of the
previous administration and was little different than the voters’ rejection of
President Johnson’s guns and butter policies in 1968 (thrusting Richard
Nixon into office with disastrous consequences we hope are not repeated
this time around), and that mid-term elections are almost always about
mitigating the euphoria of the previous presidential election. This is not
news!
The rally of September 1st and 2nd may have occurred as a result of Johnny-
come-latelies reaching the conclusion Wall Street reached about the mid-
term elections weeks or months ago. If that is the case, I imagine the smart
money is rubbing their hands with glee and using this rally to lay on bigger
short positions.
The current rally was ostensibly about the fact that the Chinese Purchasing
Managers Index rose to 51.7 in August from 51.2 in July, followed by the
news that the U.S. ISM Manufacturing Index improved from 55.5 in July to
56.3 in August. I don't see it – these incremental numbers are nothing but
decimal dust in the grand scheme of things! Easily manipulated by the
bureaucrats in charge of such numbers, the “improvement” is so small as
to be barely measurable – and to raise not a stir among the media when
they are “revised” from “up 0.5%” to “down 0.1%” or whatever in another
month.
The other economic numbers that form the backdrop to this rally include:
Canada’s GDP fell to an annual rate of 2% in the 2nd quarter, down from
5.8% in Q1; auto sales absolutely plunged in the U.S. and around the world;
there was a continued drop in U.S. construction spending; there were
declining retail sales in Euro nations; and the ADP employment report
indicating that we didn’t just grow jobs at too slow a pace to cover all the
new workers entering the labor force, but we actually lost some 10,000
private sector jobs! Government is still hiring, of course, but we must
always remember: the private sector is income, government is overhead.
That doesn’t mean we don’t need certain government workers – what
hellish existence would it be without fire and police protection, or good
teachers to educate our children? But it is still overhead even if we
collectively choose to pay for it in order to enhance our safety or literacy.
Bottom line: September tends to do worse in years that August has been
bad. August was bad. The news of the mid-term elections is already old
news and will most likely follow the historical path of all mid-term
elections. We will return more to the center. And the good news to propel
the market higher is likely to be short-lived. Clearly, we aren’t out of the
woods yet. If the market is in a news-dominated phase, we are likely in big
trouble.
For our clients we are stressing safety, with inverse ETF protection from
the likes of ProShares Short S&P 500 (SH), ProShares Short Russell 200
(RWM), ProShares UltraShort Nasdaq (QID) and ProShares Short MSCI
Emerging Markets (EUM). (If the US and Europe aren’t consuming, who is
going to order stuff from the emerging nations? They will fall if our markets
and economies fall…) We are also buying VXX and VXZ and are keeping
our bond positions short and inflation-resistant, as we do with WIP, TIP,
BWZ, and MINT. Finally, we own some special situations in precious
metals, energy and agriculture. (See previous articles for specifics,
including this and this...)

AP Business Highlights [ Wow! ‘Private employers hired more workers


over the past three months than first thought’ … Riiiiight! Especially with 2
months to the mid-term elections (time for federal term limits and the
abolition of lifetime appointments for anything owing to the nation’s
defacto bankruptcy), desperation with fake / false data / reports; and, that
negative but better than expected thing as unemployment rate inches up to
9.6% (the real unemployment rate is approximately 20+% with that ‘stopped
looking’ fudge-factor giving them the false positive). I mean, come on!
Private reports on non-farm payrolls down each week, but suddenly from
out of nowhere defying virtually all economist estimates the ue claims are
up, and prior gov’t reports revised up. This is a great opportunity to sell /
take profits! ]Companies add 67K workers, but jobless rate rises
WASHINGTON (AP) -- Private employers hired more workers over the past
three months than first thought, a glimmer of hope for the weak economy
ahead of the Labor Day weekend. But the unemployment rate rose because
not enough jobs were created to absorb the growing number of people
looking for work ...’

Stocks Churning in Trading Range: Dave's Daily ‘This will be short.


Perhaps the image [old lady (wall street) churning (scam) butter (stocks)]
and title should suffice as a summary of the week. After all, I indicated
"possibly" I might post on Friday. The current market is a reprise of early
July's rally from June's selloff. Now into September the August lows are
reversing. How durable will this be is anyone's guess. Economic data was
greeted with bullish enthusiasm as markets were oversold after Monday's
slump. The unemployment data was just about the same as previous once
you look deeper inside the data. The birth/death model is just an estimate
made out of thin air. Once you view the data ex-that, things look pretty
grim. There are very few players involved this week and perhaps in the
future. It's interesting many major banks are closing their proprietary
trading operations. This removes another important prop to markets as
retail investors have left the scene. Further, for stock mutual funds, the
exodus continues for the 16th straight week. Cash balances at these funds
are at historic lows of 3% as the outflow continues. Curiously, short
interest is also at an all-time low near 4% meaning few for bulls to squeeze.
We only have hedge funds and overseas investors in the game. And, it
does seem like a game more than ever now. Bulls jumped on the oversold
conditions on Wednesday as a DeMark 9 was registered on Tuesday for
most major market daily charts then. A rally on that technical condition was
no surprise ...’

Important Manufacturing Indicators Look Weak at Seeking Alpha (Fri, Sep


3)
Consumption Contraction Approaches 2008 Low at Seeking Alpha (Fri, Sep
3)
Beware the Big Red Leading Indicator at Seeking Alpha (Fri, Sep 3)
Small Investors Turns More Bullish (contrarian indicator) at Seeking
Alpha (Fri, Sep 3)
Unemployment Rate Edges up to 9.6% at TheStreet.com (Fri, Sep 3)
AAII Sentiment Survey: Bullish Sentiment Improves, But Bearishness Still
Dominates at Seeking Alpha (Fri, Sep 3)
Monthly Markets Review: Risk Aversion Rises in August as Double Dip
Concerns Grow at Seeking Alpha (Fri, Sep 3) ‘…The ECB keeping rates at a
record low of 1% and zero interest policies in the US and in most western
economies remains bullish for gold as the opportunity cost, the lack of
yield, of owning gold is negligible, especially with inflation having picked
up recently in many economies internationally. Further signs of burgeoning
food inflation were seen in the surge in the price of global meat prices
which have risen to 20 year highs … (chart) September can be the 'cruelest
month' for stocks. Conversely, more years than not, precious metals prices
perform well in September and many analysts reckon this year will not
disappoint those owning gold. Given the uncertain financial and economic
outlook, it is important that investors remain diversified with allocations to
cash, short dated government bonds, international equities, and gold…’
More than 400 US Banks Will Fail: Roubini CNBC | More than half of the
800-plus US banks on the “critical list” are likely to go bust, according
to renowned economist Nouriel Roubini.

U.S. unemployment soars to 9.6% after economy loses 54,000 jobs The U.S.
unemployment rate rose to 9.6 per cent in August, official figures
released today have shown. The data from the U.S. Labor Department
showed the economy lost 54,000 jobs last month as the United States
continues to struggle to recover from the recent global recession.

Government Economic Leaders Surprised that Real World Isn’t


Responding to their Magic Pixie Dust Many have tried to explain to the
neoclassical economists running the show exactly how bad the
economic collapse would be, why it was so bad, and how to mount an
adequate response to fix things. But Bernanke, Romer and the rest of
the gang ignored them.

Why Lessons From The First Great Depression Mean The Next Four
Months Will Be Very Painful For Stockholders Scott Minerd, CIO of
Guggenheim Partners, parses through the years of the Great
Depression, and focuses on the pivotal 1936, which contained in it the
seeds for the destruction of the period of relative economic growth
and stability from 1932 to 1936.

Michael Pento Says Fed Will Buy Stocks And Real Estate In Its Next
Attempt To Create Inflation Zero Hedge | Pento also goes into
explaining why housing is facing a “deflationary depression,” and a
further collapse in pricing, why inflation benefits only those closest to
the money, i.e., the banks and the military complex.
The U.S. Path to Collapse National Inflation Association | The pain that was
felt after the collapse of Lehman Brothers is nothing compared to the
pain that will come when we begin to feel the effects of bailing out the
rest of Wall Street.

(9-3-10) Dow 10,447 +127 Nasdaq 2,233 +33 S&P 500 1,004 +14 [CLOSE-
OIL $74.60 (-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 $1,251 (+24% for year 2009) /
SILVER $19.95 (+47% for year 2009) PLATINUM $1,551 (+56% for year 2009)
/ DOLLAR= .77 EURO, 84 YEN, .64 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 2.71% …..… 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!

National / World

Globalist Soros Launches Frontal Assault Against Tea Party Kurt Nimmo |
Soros and the foundation left have launched a website designed to go
after the growing Tea Party movement.
ABC Nightline Hit Piece Smears Alex Jones As King of “Paranoia Porn”
[ Yeah! This is unequivocally indefensible on the part of abc (or nbc,
fox, cbs, etc. if they shared a similar mainstream media view) because
there are so many substantial nation-damaging behaviors that are in
plain sight yet go unreported (and unprosecuted). I’d feel more
comfortable with a Washington Post Network (possibly as a wholly
owned subsidiary to militate against the risks inherent to such a
venture and the establishment of same). While I do find Alex Jones’
somewhat overstated vaunted opinion of the so-called elite a bit
much, it’s not because these mental cases are not trying to do as he
has accused / shown, but rather because I find his ‘elite’ to be as I’ve
previously stated totally inept, incompetent vegetables who are
incapable of doing anything well or of substance. I’m really not
exaggerating when you look at their track records of inscrutable
failure, if only because of a lack of focus on and attention to such
failure / corruption. This also includes the ‘pols’ who make the case
for term limits based upon any previous service at all. I think people
should be thankful that Infowars, Prison Planet, Jones, et als, value
the people / humanity enough to take the very real risks, and expend
his time and energy in sifting through the plethora of b*** s***,
obfuscation, and cover-ups to reveal the truth. Given the inherent
state of human nature, their lack of courage, integrity, etc., including
that of americans generally, another area where I part company with
Jones et als and which, truth be told led them to censor my comments
to some of their articles (very hypocritical), such sacrifice by them
seems very difficult to justify; but the discomfort they give the
dysfunctional mainstream media is certainly a good thing of itself. ]
Paul Joseph Watson & Kurt Nimmo | Dan Harris proves yet again why
the establishment media is increasingly shunned and distrusted.

The True Cost of the War Paul Craig Roberts | America’s “war on terror,” a
fabrication, has resurrected the unaccountable dungeon of the Middle
Ages and the raw tyranny that prevailed prior to the Magna Carta.

Fluoride: Direct Engagement to Incite Public Inquiry Travis Crank | Wichita


public servants outwardly deny the fluoridation of our water.
Eugenics Alert: World Bank Population-Reduction Lending Schemes
Already Underway Jurriaan Maessen | The World Bank works in
concert with all the other arms of the octopus.

As Usual, MSM Gushingly “Predicts” Our Fascist Future [ This is quite


shocking inasmuch as they’d then be able to easily ‘off’ the recipient
of such with a few simple modifications of the chip for any of a
multitude of bad reasons / motives. I would never, under any
circumstances, permit this for myself, etc..] David Kramer | From the
broadcasting arm of the number one New World Order industrial
corporation, General Electric, comes this story about the
“convenience” of being microchipped for identification.

Drudgereport: UNEMPLOYMENT JUMPS TO 9.6%...


Economy LOST 283,000 jobs during 'Recovery Summer' months...
NPR: 'Recovery Summer' Ends With Economic Pothole...
Labor Sec. Declares: 'There are jobs out there'...
TREASURY HEAD RUSHES BACK FROM VACATION; AIDES SEARCH FOR
OTHER JOBS PACKAGE...
120 Days to Go Until Largest Tax Hikes in History...
President Claims Job Creation; Doesn't Mention Net Job Loss of 54K...
HE NEEDS A VACATION: OBAMA TO CAMP DAVID...
Taxpayers to face initial loss on GM IPO; Treasury to sell first shares below
break-even...

David Rosenberg: The U.S. Is Suffering a Japanese-Style Depression


Burrows ‘Presciently bearish David Rosenberg, the chief economist and
strategist at Gluskin Sheff who called the global meltdown back when he
was still at Merrill Lynch, isn't budging from his view that the U.S. is in a
depression -- and a prolonged, Japanese-style one at that. Rosenberg
reminded clients on Wednesday that here we are 33 months after the Great
Recession began, and yet home prices, gross domestic product, credit
outstanding, organic personal income and employment are all lower now
than they were prior to the onset of the downturn. "We can understand that
this is not exactly cocktail conversation, but this is a Japanese-style (even
worse perhaps) modern-day depression," Rosenberg writes. "It's not the
1930s because soup lines have been replaced with unemployment
insurance lines -- over 10 million checks and for up to 99 weeks. The poor
souls who endured the bitter 1930s had no such relief." And as for the
U.S.'s vaunted labor flexibility and superior demographics saving it from a
Japanese sort of lost decade or two, well, Rosenberg is having none of it.
"Government policy and the record number of people upside-down on their
mortgage have seriously impaired the flexibility of the labor market,"
Rosenberg writes. And the U.S. birth rate has declined for two consecutive
years and is at its lowest level in a century, he notes. Of course, it's no
surprise to buy-and-hold investors that U.S. equities have already notched
a lost decade and then some. Take a look at this 10-year chart of the S&P
500 ($INX): See full article from DailyFinance: http://srph.it/aZTYr7’

[$$] U.S. Equity ETFs Implode ‘U.S. equity ETFs hemorrhaged assets
during the month of August as investors sought out emerging-market
equity and debt along with fixed-income picks. According to National Stock
Exchange data (nsx.com) released today, U.S. equity ETFs shed nearly $11
billion in assets last month. Here's something remarkable: One U.S. equity
ETF accounted for more than half of these outflows. The SPDR S&P 500
ETF, arguably the ETF industry's most iconic fund, saw net outflows
totaling more than $6.6 billion last month. Who were the biggest losers
besides SPY? You'll recognize some of these names: the PowerShares
QQQ ETF, the iShares Russell 2000 ETF and the SPDR DJIA ETF saw net
asset outflows of $2 billion, $1.7 billion and $616 million, respectively. At
the other end of the spectrum, the Vanguard MSCI Emerging Markets ETF
and the iShares MSCI-Emerging Markets ETF attracted $1.9 billion and $1.8
billion, respectively, while the...’

David Rosenberg: The U.S. Is Suffering a Japanese-Style Depression


Presciently bearish David Rosenberg, the chief economist and
strategist at Gluskin Sheff who called the global meltdown back when
he was still at Merrill Lynch, isn’t budging from his view that the U.S.
is in a depression — and a prolonged, Japanese-style one at that.

The U.S. Path to Collapse The combination of more government spending


and less taxes equals massive inflation, but this represents the state
of mind in Washington today. Inflation is still the last thing on their
minds because they don’t see it yet.
Can A Family Of Four Survive On A Middle Class Income In America
Today? When I was growing up, $50,000 sounded like a gigantic
mountain of money to me. And it was actually a very significant
amount of money in those days. But in 2010 it just does not go that
far. Today, the median household income in the United States for a
year is approximately $50,000.

The Reckless Mess Created by The Fed Quantitative easing will put the
American public at ease, at least temporarily. They do not realize it but
the American and world economies are in a deliberate state of slow
collapse. Yes, the Fed has created a terrible mess. They have been
totally unprofessional and reckless.

US Retail Sales Top Estimates on Tax Holidays, Discounts Bloomberg A


family walks toward the entrance to the Kohl's store in Round Rock,
Texas. Photographer: Jack Plunkett/Bloomberg US retailers reported
August sales that beat analysts' estimates as ...

Retail sales, home contracts rise modestly (Washington Post) [ Forced /


Distressed / Underwater pending / foreclosure sales the impetus for short-
covering / suckers’ rally on light and hence, easily manipulated, pre-holiday
computerized trade volume. The government, desperate and defacto
bankrupt, is back to their fake / false data reporting; you know, the kind
that spurs the fraudulent wall street rallies and gets revised by 35% + down
later as with GDP just recently, but the wall street frauds will get their
commissions again on the way down. YAHOO [BRIEFING.COM]: ‘…Early
participants had little reason to alter their mood since the initial jobless
claims count for the week ended August 28 came in at 472,000, which is in
on par with the 475,000 initial claims that had been widely expected. The
latest tally was also little changed from the prior week total of 478,000.
Continuing claims saw a more substantial slip as they fell to 4.46 million
from 4.48 million. Final nonfarm productivity readings for the second
quarter also offered little surprise. Productivity in the quarter fell 1.8%,
which is in stride with the 1.7% decline that had been widely forecasted.
Unit labor costs for the quarter increased 1.1%, as expected. Pending home
sales for July provided participants with a positive surprise. They posted a
5.2% monthly increase, which contrasts with the call for no change from
economists polled by Briefing.com. That data overshadowed news that
factory orders for July increased 0.1% instead of 0.3% as had been widely
expected…’ Stocks rise on economic hopes ahead of payrolls (Reuters)
Riiiiight! Sounds like a plan! ]

Nation / World

Gun Confiscation in Response to Hurricane Earl? Kurt Nimmo | In New


Orleans, police and National Guard confiscated weapons and violated
the Second Amendment.

California Cops Taser Senior Citizen in His Own Home Kurt Nimmo | In
America, now officially a police state, you will be tasered in your own
home if you lip off to the police.

World Bank Threatens “Drastic Steps Necessary” if Nations Refuse


Population Reduction Implementation Jurriaan Maessen | A World
Bank report suggests introducing “sterilization vans” and “camps.”

British Attorney General moves toward re-opening investigation into


mysterious death of Iraq weapons inspector Raw Story | The United
Kingdom’s top law enforcement official has taken possession of
secret files surrounding the murder of David Kelly, a prominent WMD
researcher who was found dead in the months after the invasion of
Iraq.

New Evidence Of Controlled Demolition On 9/11 In the video, at about the


0:59 mark, a high-pressure explosion occurs in one of the Twin
Towers, below the impact zone, while the building is still standing.
Update: Mile-Long Oil Sheen Reported Spreading From Site Of Gulf
Platform Explosion The Coast Guard is on the scene of another oil rig
fire in the Gulf of Mexico. Officials are now reporting a mile-long oil
sheen spreading from the site.

Karzai’s brother calls for U.S. to shore up Kabul Bank as withdrawals


accelerate As depositors thronged branches of Afghanistan’s biggest
bank, Mahmoud Karzai, the brother of the Afghan president and a
major shareholder in beleaguered Kabul Bank called on Thursday for
intervention by the United States to head off a financial meltdown.

Mexico drug kingpin says he received trailers of US cash A captured


Mexican drug kingpin admitted to “investments” in Colombia and said
he had received trailers full of dollars from the United States, in a first
interrogation video released here.

‘Iraq war based on lies and deception’ Former Reagan Administration


official Paul Craig Roberts says that we didn’t hear why we initially
went to war with Iraq, although the world knows was based on lies
and deception.

Pakistan military abandons US trips after being ‘mistaken for terrorists’


Pakistani officials said the officer, weary from the journey to the US,
had said, “I hope this is the final plane to the destination” causing a
female passenger, who believed he was threatening the aircraft, to
panic.

Drudgereport: TIME: (WOBAMA) MR. UNPOPULAR... FLASHBACK:


(WOBAMA) TIME MAN OF THE YEAR 2008...
Calls for USA to shore up Afghanistan Bank as withdrawals accelerate...
UPDATE: Oil rig explodes in Gulf of Mexico; 7 active wells on platform...
COAST GUARD: Mile-long 'oil sheen' spreading...
Russian police raid opposition magazine... [They don’t often do this overtly
in america anymore since most media is in cahoots / controlled; but still,
no excuse for putin who is often disengaged as when he is out shooting
Siberian Tigers with sophisticated weaponry. ]
Pledge beaten by sorority sisters who warned her 'snitches get stitches'...
‘… In her lawsuit, excerpted here, Howard noted that she had originally
planned to pledge Alpha Kappa Alpha, the oldest African-American
women’s sorority. But since the sorority’s San Jose chapter has been
suspended due to hazing activities, Howard opted to join Sigma Gamma
Rho, believing that “they represented the ‘sisterhood’ she sought in a
sorority.” However, Howard contends, that the group’s pledge process was
far from sisterly. According to her complaint, she and fellow pledges were
punched, slapped, kicked, slammed into walls, struck with a wooden spoon
and a cane, and had books and coins thrown at them during a series of 16
nighttime initiation sessions. Howard recalled one evening when a sorority
sister told her to close her eyes. She was then struck on the buttocks with
what she later learned was a kitchen pot. The pledges were also frequently
struck with a wooden paddle, Howard said, blows that left her with welts on
her buttocks. Howard reported that pledges were repeatedly warned not to
talk with friends and family about the initiation process, since “snitches get
stitches.” They were also told that if they failed to participate in certain
pledge activities, they would be “jumped out,” a gang term for a beating
conducted by all members of the group. Howard’s complaint names as
defendants San Jose State University, Sigma Gamma Rho, and various
sorority members, including a quartet of women who, court records show,
pleaded no contest earlier this year to misdemeanor hazing charges. The
defendants--Princess Odom; Monique Hughes; Joslyn Beard; and Nicole
Remble--were each sentenced to 90 days in jail, directed to serve two years
of court probation, and barred from involvement with any sorority. Odom,
Hughes, Beard, and Remble (all negroes) are pictured here, clockwise from
upper left, in San Jose Police Department mug shots.’

Pearlstein: Put millionaires' tax money to good use (Washington Post)


[ Nobody likes even the sound of higher taxes, particularly when the same
goes for such waste as porkbarrel, political spending but especially the
nation-bankrupting needless war spending, the black budgets, etc.. That
said, Mr. Pearlstein is quite right, especially when one considers the source
of the ‘largesse’, viz., nation-bankrupting war criminal moron dumbya bush
who snidely smirked as he talked of ‘his (political) base’ and all the
‘politicking’ entailed in same. Remember… the nation is defacto bankrupt!
Moreover, I don’t buy that ‘most productive’ sector being ‘disincentivized’
unless measured by the magnitude of their frauds (ie., wall street, etc.),
transfer of the nation’s productive capacity (ie., u.s. ceo’s and politicians,
etc., with few exceptions). Additionally, their marginal propensity to
consume is less than that of lower wage earners (economics) ]
Bernanke: Regulators fell short in identifying problems (Washington Post) [
Now we know why and what the initials B.S. (for B*** S*** ‘no-
recession-helicopter ben’) preceding bernanke stand for. Come on!
Say the prosecution word and all’s forgiven. Everyone knows that the
criminally insane on wall street have been / are engaged in a huge
fraud and there are hundreds of trillions of worthless paper still out
there and marked to anything to prove it. See Graham Summers’
exposé, infra. ] In a lengthy analysis of the financial crisis, the Fed
chairman says the government did not do enough to protect
consumers in the marketplace.

Karzai calls aide's arrest reminiscent of Soviet times (Washington Post)


[ Exactly, eerily, certainly realistically reminiscent of the former soviet
union is the american union in terms of economics (defacto bankrupt),
geopolitics (intensely hated), and even factual similarity (the final
straw), with an unmistakable modus operandi that gives rise to failure
beyond the propaganda. After all, corruption is as american and
pervasive in america as apple pizza pies and mother of hoods, etc. ]

Army supervisor was worried about leak suspect's mental health, attorney
says (Washington Post) [ One cannot help but hearken back to a frequently
deployed ‘government at its worst’ strategy, ie., Ellsberg/Pentagon papers,
former soviet union, etc., in attempting to discredit such informants, etc.,
which of course is a telltale sign of america’s similar fate / decline / fall. ]

What if Roger Clemens is telling the truth?


http://voices.washingtonpost.com/hard-
hits/2010/08/what_if_roger_clemens_is_telli.html I ordinarily don’t
comment on sports matters but this is one of those exceptions. While not
in any way dismissing the seriousness of the prevalent use, for quite some
time, of performance-enhancing drugs, my own position on the matter was
to place an asterisk next to those who made the record-books so-doing
(still matters of proof) with a more stringent policy going forward. Where
does an incompetent, nation-bankrupting, non-performing congress get off
going after a performance-driven baseball player when huge crimes,
warcrimes, frauds from this same government are still unprosecuted? Ask
the wall street frauds the tough questions … they’ll lie. Then, even
assuming, arguendo, Clemens slipped up … picture the alice-in-
wonderland surreal scene presided over by that mammalian rodent-like
presence of that incompetent in the semblance of some beaver-toothed
woodland creature as, ie., hedgehog, gopher, etc., amidst characters that
would rival the famed mad tea party, mad-hatters all. There are far bigger
fish to fry and of greater consequence to the nation but their lack of
courage and incompetence is the only consistency on capital hill, and
everyone knows it. How pathetic! After all, aren’t all three branches of the
u.s. government a lie of themselves, and have a near single digit approval
rates to prove it.

Pa. capital nearing bankruptcy (Washington Post) [ Sounds like a dry run
for the nation’s capital. Drudgereport: MORGAN STANLEY: Government
Bond Defaults Inevitable … Everyone who is capable of thinking knows
america is defacto bankrupt. The question is, how did Morgan Stanley’s
assessment escape scrutiny and follow-up by the press. Indeed, it is
certainly a breach of duty to have done so in light of the implications. ] In a
highly unusual move, the city of Harrisburg says it will not make a $3.3
million payment.

Automakers report weak sales (Washington Post) [ This really is sobering,


yet totally lost on the frauds that be on wall street. ‘Cheapskates’? Mr.
Whoriskey should be ashamed of himself. After all, you can’t spend
what you don’t really have (unless you’re defacto bankrupt …
america ) and, let’s not kid ourselves, Mr. Whoriskey has to be
considered somewhat ‘ivory tower’. ] Chastened by the recession,
more U.S. consumers have become cheapskates: They are saving
more and driving older cars. And that, in part, explains the historically
dismal sales reports released Wednesday by automakers.

Manufacturing rebound spurs stock rally (Washington Post) [ Riiiiight!


That new global hub of (very high priced) manufacturing activity …
Defacto bankrupt america …I don’t believe the ISM number for even a
minute, even with the defacto bankrupt government’s market-frothing
spending of money they definitely don’t have and believe the
forecasters were closer to reality.] After their worst August in nine
years, stocks kicked off September with a big snap-back rally,
following the release Wednesday of surprisingly good news about the
U.S. manufacturing sector.

Obama prods Mideast leaders (Washington Post ) [ The real question is …


who is going to prod defacto bankrupt, war crimes nation america … on
peace, that is. Then there’s that ‘oh, it’s just war crimes, illegal nuke-toting
israel … laws, rules, un resolutions, etc., don’t apply to them factor and the
concomitant skepticism attendant thereto. ] Israeli Prime Minister
Netanyahu and Palestinian President Abbas are set to open direct peace
talks.

Five reasons to be optimistic about the economy (Washington Post) Neil


Irwin |(Very) Political Economy [The unflappable Mr. Irwin. Fraudulent
wall street’s shill and man for all seasons falls in with the following as
his glass half-full runneth over: Those Who Ignore History... [The
aforementioned from The Pragmatic Capitalist is a cogent summary of
extant problems which undoubtedly will end quite badly for the
unwary (today’s folly represents a great opportunity to sell / take
profits), infra, and should be read in tandem with Graham Summer’s
exposé which follows. Yet, the situation as realistically bad as they’ve
so presented same, is far more dire than even they posit for the u.s.
particularly owing to structural problems now inherent to america’s
economy / business model which bodes ill as never before in
america’s relatively short history. U.S. Stocks Surge On Overseas
Growth Riiiiight! Some of the same mainstream, (msnbc) ‘money
honey’ drivel one would expect from Forbes faux ‘capitalist tool’
cheerleading squad, totally devoid of forward-looking analytical
prowess and leaves you burned every time. Come on! Government
Motors and Ford sales were down significantly, construction spending
down, private sector jobs lost, and even BofA’s Merrill Lynch has
sugar-coated the reality cutting the wall street frauds a break by
calling this a ‘growth rececession’. The typical fraudulent wall street
churn-and-earn computerized trade scam with built in commission
volume for the way down. Sorry to say it, but the reality is: 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.]
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 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.] The Pragmatic
Capitalist ‘My position over the last 2 years has been as follows: this
is a Main Street debt crisis. I have been highly critical of the
government’s incessant interventionist policies over the last few
years largely because they ignore the actual problems at hand. First it
was Mr. Bernanke saving the banks because he believed the credit
crisis started with the banking sector. The great monetarist gaffe
ensued. Tim Geithner piled on with the PPIP. FASB jumped on board
the bank rescue plan by altering the accounting rules. And then the
icing on the cake was the Recovery Act, which, in my opinion, just
shoveled money into the hole that had become the output gap,
without actually trying to target the real cause of the crisis – those
burdened by the debt. In essence, the various bailouts primarily
targeted everyone except the people who really needed it.

A year ago I posted a story citing the many reasons why we were sinking
into the deflationary Japanese trap. The primary flaw with the US response
to the crisis was that we never actually confronted the problem at hand. I
have often cited Japanese economists such as Richard Koo who appear to
have a good grasp on the problems in Japan and now in the USA. In this
case, I cited Keiichiro Kobayashi who is now looking most prescient:
We continue to ignore our past and the warnings from those
who have dealt with similar financial crises. Keiichiro
Kobayashi, Senior Fellow at the Research Institute of
Economy, Trade and Industry is the latest economist with an
in-depth understanding of Japan, who says the U.S. and U.K.
are making all the same mistakes:

“Bad debt is the root of the crisis. Fiscal stimulus may help
economies for a couple of years but once the “painkilling”
effect wears off, US and European economies will plunge back
into crisis. The crisis won’t be over until the nonperforming
assets are off the balance sheets of US and European
banks.”…

Read that last paragraph again. These are scarily accurate comments.
While the USA claims to have many economists who understand the Japan
disease and/or the Great Depression the policy actions we’ve undertaken
do not appear to be in line with any understanding of this history.
What we’ve done over the last few years is repeat the mistakes of Japan’s
past. Instead of confronting the debt problems head on we have simply
tried to fill the output gap with short-term spending plans and impotent
monetary policies. As Kobayashi presciently said, the “bad debt is the root
of the crisis”. I think most mainstream economists, the administration and
the Fed have continually misdiagnosed our problems. They have attempted
to save the banking sector and simply fill in holes with spending plans that
prop up markets, entice more borrowing and largely ignore the actual
cause of the current crisis. Some economists have argued that the
Recovery Act didn’t fail, but that it was too small. This is like saying that
the cancer patient didn’t receive enough percocet. More percocet isn’t the
cure. Targeting the cancer and trying to cut it out is the cure. Yet, we
continue to ignore the lessons of Japan despite having so many “experts”
on the Japanese disease. Therefore, we appear destined to repeat their
horrid economic history assuming our current path isn’t miraculously
altered.’

WHO ELSE IS CLUELESS IN THE FINANCIAL SECTOR? [ As I’ve previously


said and reiterate here, the lunatic frauds on wall street are criminally insane and
the only way to stop / deter their debilitating churn and earn among other
computerized frauds is prosecution, jail, fines, and disgorgement! Once again
they’re back to their huge fraudulent gains as seen this reporting period despite
growing problem bank list, worthless paper from the prior fraud in the (hundreds
of) trillions now marked to anything, and look at August results and worse to
come; that money for their commissions / premiums must come from someplace,
viz., the bubble which will deflate / crash. ] Graham Summers ‘Here’s a zinger
of a news story:

Barclays Plc had no idea how big Lehman


Brothers Holdings Inc.’s futures-and-options
trading business was when it considered taking
over the defunct bank’s derivatives trades at
exchanges in 2008, a Barclays executive
said.“Lehman’s books were in such a mess that I
don’t think they knew where they were,” Elizabeth
James, a director of Barclays’s futures business,
testified today in U.S. Bankruptcy Court in Manhattan.
James worked on Barclays’s purchase of Lehman’s
brokerage during the 2008 financial crisis.--
Bloomberg

I’ve railed for months that the central issue surrounding the Financial Crisis
(derivatives) was not only misunderstood but completely ignored by the
mainstream financial media. Here we are, nearly two years after Lehman
Brothers went bust, and they’re telling us that Lehman had “no idea” what its
options and futures exposure was.
Let’s put this into perspective.
The notional value of the derivatives market at the time that Lehman went bust
was somewhere between $600 trillion and $1 Quadrillion (1,000 trillions). It was a
market of inter-linked paper contracts entangling virtually every financial
institution (including some non-financials), country (Greece, Italy used derivatives
to get into the European union), and county (Birmingham Alabama is one
example) in the world. As a market it was at least 20 times larger than the
world stock market and somewhere north of 10 times World GDP.
In other words, this was the giant white elephant in the living room.
And here’s Lehman brothers, one of Wall Streets’ finest, most respected financial
institutions which had been in business for over 150 years announcing that it had
“no idea” “if it had sold $2 billion more options than it had bought, or whether it
owned $4 billion more than it had sold.”
In today’s world of trillion dollar bailouts, $2-4 billion doesn’t sound like much, so
let’s give some perspective here… in its golden days, Lehman Brother’s market
cap was roughly $47 billion. So you’re talking about bets equal to an amount
between five and 10% of its market cap. Not exactly chump change.
And Lehman had no idea where it was or how much it really owed.
Mind you, we’re only addressing Lehman’s options and futures derivatives, we’re
completely ignoring its mortgage backed securities, collateralized debt
obligations (CDOs), and other Level 3 assets. Options and futures are literally the
“tip of the iceberg,” the most visible portion of the behemoth that was Lehman’s
off balance sheet derivative issues. After all, these are regulated securities,
unlike most derivatives.
Now, if the above statement doesn’t send shivers down your spine, have a look
at the notional value of derivatives exposure at the top five financial institutions in
the US (mind you, this chart is denominated in TRILLIONS). [chart]
If Lehman had “no idea” what it owned even when it came to options and futures
(regulated derivatives), what are the odds that these other firms, whose
derivative exposure is tens if not hundreds of times larger than that of Lehman’s,
might similarly be “in the dark’ regarding their risk?
Moreover, who on earth might be on the opposite end of these deals? Other US
counties like Birmingham Alabama (which JP Morgan transformed into 3rd world
country status)? Other countries like Italy or Greece (who used Goldman’s
financial engineering to get into the European Union)? My next-door neighbor’s
house? Tim Geithner’s long-lost tax returns? WHO KNOWS?
The point is that the very same issues that nearly took the financial world
under in 2008 still exist today. In fact, this time around the systemic risk is
even more severe.
Consider that the Credit Default Swap (CDS) market which nearly took the
financial system down in 2008 was roughly $50-60 trillion in size. In contrast, the
interest rate based derivative market is in the ballpark of $500+ trillion.
Indeed, US commercial banks alone have $182 TRILLION in notional value of
interest rate based derivatives outstanding right now. To put that ridiculous
number in perspective it’s 13 times US GDP and roughly three times
WORLD GDP…’

Predicting This Year's Bank Failures ‘The FDIC’s quarterly banking profile,
providing data for quarter 2, was released today. The number of 2010
United States bank failures will likely exceed the 2009 failures, the FDIC
reported. This was as I reported in this space back in May. Thus far this
year there have been 118 bank closings, which compares to about 80 by
the same time of year in 2009. The number of banks on the problem list is
still rising. It is now at 829 banks…’

U.S. Auto Sales May Hit 28-Year Low as Discounts Flop Bloomberg | U.S.
auto sales in August probably were the slowest for the month in 28
years as model-year closeout deals failed to entice consumers
concerned the economy is worsening and they may lose their jobs.
A Termite-Riddled House: Treasury Bonds Gonzalo Lira | The United
States will have a fiscal-debt-to-GDP ratio of 100% this year, and 110%
next year — if not higher.

The Reckless Mess Created by The Fed Quantitative easing will put the
American public at ease, at least temporarily. They do not realize it but
the American and world economies are in a deliberate state of slow
collapse. Yes, the Fed has created a terrible mess. They have been
totally unprofessional and reckless.

Gold Is Surging This Morning, And Within A Rock’s Throw Of A Brand New
Record Oh hello. The high is just above $1260, so it could happen
today easily. Stocks are rallying, too, so you know the dollar is getting
whacked. It is.

Second Leg of Crisis Beginning: Hedge Fund Manager September and


October hold bad news for stock markets and banks remain
overleveraged as we head into the second leg of the financial crisis
according to Pedro De Noronha, the managing partner at Noster
Capital in London.

Winners And Losers The reality is that it has now become undeniable that
globalism has arrived and we are now part of a world economy that is
integrating at lightning speed. Unfortunately, all of this globalism has
created some very clear winners and losers. But most middle class
Americans are in such a deep sleep that they don’t even realize that
they are the losers.

Drudgereport: Auto sales: Worst August since 1983...

National / World
Death By Globalism Paul Craig Roberts | The Federal Reserve will monetize
the federal government deficit. The result will be high inflation,
possibly hyper-inflation and high unemployment simultaneously.

What Obama Didn’t Say About Afghanistan Ray McGovern | My Fellow


Americans… so much for Iraq. Turning now to Afghanistan…

Vaccine Death Coverup Implodes Worldwide Infowars.com | Once again the


government wants to push it’s mercury filled vaccines on everyone,
especially children.

Increase in federal spending hits record (Washington Post) [ Sounds like a


plan … the ‘increase the depth of the nation’s bankruptcy’ plan! And, unlike
other american plans, this plan’s working … that bankruptcy thing … but
otherwise, not! ]

Is the U.S. Bankrupt? [YES!] (at Motley Fool) The Administrative Office of
the U.S. Courts recently reported that bankruptcy filings between April and
June hit a four-year high. Consumer bankruptcies rose 21 percent while
business bankruptcies increased eight percent. The list of corporate
bankruptcies over the last couple of years includes big names like Lehman
Brothers, Washington Mutual, and GM. And financial institutions like Bank
of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC)
received billions of dollars through the federal government's Troubled
Asset Relief Program. Should investors add the U.S. government to that list
of big name bankruptcies? I recently asked Boston University economics
professor Lawrence Kotlikoff, author of Jimmy Stewart is Dead: Ending the
World's Ongoing Financial Plague with Limited Purpose Banking.
Mac Greer: Larry, I noticed the headline or the title of a recent article that
you wrote, US is Bankrupt and We Don't Even Know It (see infra)

Home prices up 4.2 percent in U.S. (Washington Post) [And america and
ultimately taxpayers paid for every percentage point with money they and
soon taxpayers don’t have and experts say the expiration of same will
further be felt in the form of declining real estate prices going forward. ]
For banks, good news on earnings but not risk of failure (Washington Post)
( The same fraudulent game plan that caused the previous and
continuing debacle: The following from Graham Summers is truly
mind-boggling and a must-read: WHO ELSE IS CLUELESS IN THE
FINANCIAL SECTOR? [ As I’ve previously said and reiterate here, the
lunatic frauds on wall street are criminally insane and the only way to
stop / deter their debilitating churn and earn among other
computerized frauds is prosecution, jail, fines, and disgorgement!
Once again they’re back to their huge fraudulent gains as seen this
reporting period despite growing problem bank list, worthless paper
from the prior fraud in the (hundreds of) trillions now marked to
anything and the current fraud, and look at August (market) results
and worse to come, that money for their commissions / premiums
must come from someplace, viz., the bubble which will crash. ] )
Lenders post their biggest quarterly profit in almost three years, even
as the number of banks at risk of failure rose to 11 percent of insured
institutions.

Predicting This Year's Bank Failures ‘The FDIC’s quarterly banking profile,
providing data for quarter 2, was released today. The number of 2010
United States bank failures will likely exceed the 2009 failures, the FDIC
reported. This was as I reported in this space back in May. Thus far this
year there have been 118 bank closings, which compares to about 80 by
the same time of year in 2009. The number of banks on the problem list is
still rising. It is now at 829 banks…’

Ron Paul to Fed, Ft. Knox: Show Me the Gold at Minyanville

The Deteriorating Macro Picture

1. The explosion in private debt (excessive housing borrowing,


excessive corporate debt, etc) levels would reveal the private sector
as unable to sustain positive economic growth, de-leveraging and
deflation would ensue.
2. Government intervention would help moderately boost aggregate
demand, improve bank balance sheets, improve sentiment, boost
asset prices but fail to result in sustained economic recovery as
private sector balance sheet recession persists.
3. Extremely depressed estimates and corporate cost cutting would
improve margins and generate a moderate earnings rebound, but
would come under pressure in 2010 as margin expansion failed to
continue at the 2009 rate.
4. The end of government intervention in H2 2010 will reveal severe
strains in housing and will reveal the private sector as still very weak
and unable to sustain economic growth on its own.

The rebound in assets was surprisingly strong and the ability of


corporations to sustain bottom line growth has been truly impressive – far
better than I expected. However, I am growing increasingly concerned that
the market has priced in overly optimistic earnings sustainability – in other
words, estimates and expectations have overshot to the upside.
What we’ve seen over the last few years is not terribly complex in my
opinion. The housing boom created what was in essence a massively
leveraged household sector. The problems were compounded by the
leveraging in the financial sector, however, this was merely a symptom of
the real underlying problem and not the cause of the financial crisis
(despite what Mr. Bernanke continues to say and do to fix the economy) …’

Gold Surges To Near $1,250, As Stealthy Flight To Safety Accelerates,


Stocks Oblivious As stocks continue to correlate with exactly nothing,
and are once again lost in their own HFT dreamworld, which fools
Atari in believing the toxic crap it is churning millions of times each
second is worth something (and the exchanges gladly continue to pay
liquidity rebates for said churn), the capital continues to quietly flow
to safety.

Bankrupt Miami in Fiscal Emergency, Breaks Employee Contracts, Hikes


Property Taxes In an enormously foolhardy attempt to make ends
meet, in spite of the fact that Miami home prices have been hammered
and 1-in-8 are unemployed, the County keeps pouring on the painful
tax and fee increases.

Gold Rallying to $1,500 as Soros’s Bubble Inflates Investors are


accumulating enough bullion to fill Switzerland’s vaults twice over as
gold’s most- accurate forecasters say the longest rally in at least nine
decades has further to go no matter what the economy holds.

30 Statistics That Prove The Elite Are Getting Richer, The Poor Are Getting
Poorer And The Middle Class Is Being Destroyed Not everyone has
been doing badly during the economic turmoil of the last few years. In
fact, there are some Americans that are doing really, really well. While
the vast majority of us struggle, there is one small segment of society
that is seemingly doing better than ever.

Obama promises new efforts to boost economy (Washington Post) [ New


efforts with the same old failed team covering for the previous same
old failed team? The same promised new efforts which were nothing
new at all; viz., focus on new war in Afghanistan, increase budget
deficits, a penchant for the very perps who precipitated the financial
crisis and who should have been prosecuted, jailed, fined and
disgorgement imposed, etc.. No details? What’s the matter wobama?
Teleprompter not working? ]Obama offered no new proposals during
brief remarks in the Rose Garden, saying he would provide details "in
the days and weeks to come."

Car sales, spending up, but experts not convinced of trend (Washington
Post) [ I’d say time for ‘mouth to mouth resuscitation’ and a closer look
isn’t even necessary. Some experts? Just ask any guy on main street.
Treading water? I’d say time for post-mortem on the drowning victim.] But
a closer look at those car sales raises questions about whether the auto
market - and consumer spending as a whole - are indeed on an upward arc
or whether they are just treading water.

Obama to loosen rules on technology exports (Washington Post) [ Oooooh!


Sounds like a continuation of the ‘clinton plan’ regarding missile
among other technologies to China which worked so well for america
in maintaining its prominently global position vis-à-vis communist
china et als. Come on! wobama’s so done! Let the next president
determine the probity of such a course! ] White House is overhauling
the decades-old rules for the export of sensitive military and other
technology, jettisoning what industry groups criticize as an antiquated
"Cold War" set of regulations.
In the Middle East, it's still 1947 (Washington Post) [ Indeed it should be!
Among the few times the cia was correct, and they’ve been trying to put
square pegs in round holes ever since, to america’s substantial detriment. I
wonder what what those american sailors of the US Liberty killed by the
israelis would say? USS Liberty Survivor Threatened by Unknown Israeli
This is what happened to Phillip F. Tourney, decorated war hero and
survivor of Israel’s premeditated attack on the USS Liberty 43 years ago.
On the evening of Aug. 6, Tourney was verbally threatened by a foreign
national claiming to work for the government of israel. As for the purported
disdain shown for war mongerer netanayahu, if only wobama’s actions
matched his words, the same would represent a major plus for him and the
nation of america, so sorely in need of pluses whether the same be
budgetary or economic or geopolitical. In fact, for America to abrogate
1948 would guarantee America’s survival, prosperity, and global hegemony
in the most positive sense. ]

In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the


creation of a Jewish state in Palestine, warned that, even though failure to
go along with the Zionists might cost President Truman the states of New
York, Pennsylvania, and California, it was about time that somebody
should pay some consideration to whether we might not lose the United
States. Mr. Forrestal was absolutely correct! Isn’t that exactly what’s
happened to defacto bankrupt america in intractable decline.

TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND


ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE
INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE
PROSPERITY FOR THIS WORLD!

Obama speech on Iraq has risks (Washington Post) [ Yeah, very true
indeed! The main one being that he’s supplanting that illegal, unnecessary,
nation-bankrupting war with yet another in Afghanistan which will not be
lost on those who supported his candidacy based on promised end to
unnecessary war policies which have diverted time, attention, ill-afforded
resources including personnel and continue to do so even as defacto
bankrupt america crumbles. ]

Home prices up 4.2 percent in U.S. (Washington Post) [And america and
ultimately taxpayers paid for every percentage point with money they and
soon taxpayers don’t have and experts say the expiration of same will
further be felt in the form of declining real estate prices going forward. ]

In the Eye of a Financial Katrina - http://seekingalpha.com/author/wall-


street-sector-selector Sunday, August 29th, was the fifth anniversary of
Hurricane Katrina’s landfall along the Gulf Coast and all of us vividly remember
the horrific images of that day and the days and weeks after. Five years later, the
Gulf Coast has come a long way but most would agree there’s still have a long
way to go and many scars yet to be healed. In the world of money and investing,
the Financial Katrina hit three years ago this month with the beginning of the sub
prime meltdown that led to the “Great Recession.” For the past year or so, we
have been in what appeared to be a recovery but now looks more like the eye of
the storm; today it is quite likely that the second wall of the hurricane is now
rapidly bearing down upon us. The news this week was intensely negative and
the only bright spot came on Friday with Chairman Bernanke’s speech at
Jackson Hole in which he essentially told us, “don’t worry, be happy” and that all
would be well. In spite of the Chairman’s calming tone, Wall Street Sector
Selector remains in the “red flag flying” mode and we believe that an intense
storm lies just ahead. Looking at My Screens On a technical basis, one can
only be bearish and the two charts below tell a quick and scary story. [ chart
courtesy of StockCharts.com ]In the chart of the S&P 500 above we see the
“death cross” highlighted by the downward pointing arrow wherein the 50-Day
Moving Average crossed below the 200-Day Moving Average which is a widely
followed indicator of lower stock prices ahead. In the upper box we see the 14-
day RSI pointing upwards from relatively oversold levels indicating that a short
term bounce could be forthcoming, while the red horizontal line shows the
support at 1040 which was tested and held every day last week. From this
display we can conclude that we are in a bear market, slightly oversold and near
support that, if broken, could lead to a quick drop to the July lows of 1010. [ chart
courtesy of StockCharts.com ] The point and figure chart above paints an even
more ominous picture. A double bottom “sell” signal was generated on August
11th and the index has now broken through the blue bullish support line,
indicating the onset of a new bear market in this major index. Support and
resistance lines in point and figure charting tend to act like firm walls and mark
major turning points in direction, and this recent trend change is the first since
March, 2009, when the lows were hit and last year’s unprecedented rally began.
The breach of this bullish support line is a major development and in my opinion
is an unmistakable sign that it’s time to head for the storm shelters. The View
from 35,000 Feet The fundamental news was equally shocking this week as
existing home sales declined to 3.8 million units for July from a previous level of
5.26 million. This number is a record low and single family home sales were at
the lowest levels since 1995. Truly we are in what could only be described as a
housing market depression, and this comes in spite of historically low mortgage
rates that people appear to be ignoring. Seemingly almost nobody wants to buy a
house at any rate or any price. New home sales fared no better, declining to
record lows, as well, while 25% of mortgage holders are currently “upside down”
in their homes, owning more than they’re worth, and 15% are in some part of the
foreclosure process. Beyond the dismal news from the housing market, the July
Durable Goods report was dismal and points to an ongoing slowdown in capital
spending and on Friday 2nd Quarter GDP was revised downward to 1.6% from a
previous 2.4% in what could only be described as a terrifying result in light of the
stimulus and Federal Reserve intervention required to generate this paltry
number. More and more analysts are pointing to further reductions in GDP for
3rd Quarter towards flat or even negative territory while the stock market seems
currently priced for 1.5-2.5% growth and this creates a situation which is unlikely
to have a positive outcome going forward. Looking across the spectrum of noted
analysts, we find Princeton economist and former Federal Reserve member Alan
Blinder writing an article in the Wall Street Journal titled, “The Fed is Running out
of Ammo” and noted Yale economist Robert Shiller appeared on the Wall Street
Journal’s “Big Interview” and said that a double dip “may be imminent.” And
finally Albert Edwards, the noted analyst from Societe General says to look for
450 on the S&P 500, a roll back to 1982 levels. Fidelity reports that in the second
quarter 25% of people took hardship withdrawals from their 401ks, a number that
represents a 10 year high, to help them meet living expenses and the ECRI
remained in recessionary territory with a -9.9% reading last week. On Friday Intel
(INTC) cut its earnings and revenue forecast and across the Atlantic Ireland was
downgraded and given a negative outlook by S&P. Also in Europe, interest rates
and Credit Default Swap pricing continued to rise as their sovereign debt
situation continues to erode confidence in the outcome of the European Central
Bank’s historic intervention efforts of a couple of months ago. The bond market
remains priced for Armageddon, forming what many say will one day be the
biggest bubble of all time and lead to a historic crash in the bond market
somewhere down the road. But on Friday, Dr. Bernanke cheered world markets
when he told us that he expected no double dip, that growth would continue and
improve and that he and his colleagues stood ready to do whatever it takes to
avoid deflation and that he had the tools to lead the global economy to recovery.
This upbeat assessment comes after unprecedented government stimulus,
interest rates lowered to near zero and $1.7 Trillion of asset purchases by the
Fed since the onset of the Great Recession. So one can only wonder how this is
going to work. If the medicine hasn’t worked so far, why would a little more of the
same medicine make a difference? What It All Means As we’ve been saying for
weeks, a double dip looks highly probable with the odds growing daily, lower
stock prices look likely and to make your chest feel even tighter, summer is
almost over, traders will be back from the Hamptons, the kids will be back in
school and we’re about to enter the dreaded month of September which is
historically the worst month for stock market performance. At Wall Street Sector
Selector, we remain in the “Red Flag” mode, expecting lower prices ahead, and
we forecast that the second storm wall of the Financial Katrina is about to hit.
The Week Ahead To say that a major week lies ahead is a massive
understatement. Economic Reports: A busy round of economic reports this
week will give us a look at personal income and spending, home prices,
manufacturing and what the Federal Reserve really thought at their recent
meeting with everything leading up to the climactic Non Farm Payroll report on
Friday. Certainly all of this will be food for thought going into the long Labor Day
weekend. Tuesday: 0900: Case/Shiller 20 City Home Price Index 0945: August
Chicago PMI 1000: August Consumer Confidence. 1400: FOMC Meeting
Minutes Wednesday: 0815: July Construction Spending 1000: August ISM Index
1400: August Auto Sales Thursday: 0830: Initial Unemployment Claims,
Continuing Unemployment Claims 1000: July Factory Orders 1000: July Pending
Home Sales Friday: 0830: August Non Farm Payrolls 0830: August
Unemployment Rate 1000: ISM Services Sector Spotlight: Leaders: Silver, Oil,
Copper Laggards: Mexico, Global Shipping, South Korea This week we’re
heading for Southwest Florida for a last week of R&R before school starts and
reality strikes after the long Labor Day weekend. We hope to have a nice time on
the beach and not see any tar balls between our toes. Sadly, I’m sure this year’s
Labor Day celebration won’t be a particularly happy occasion for the 14.6 million
of our fellow citizens who remain unemployed and I can only wish them the very
best and a speedy return to gainful employment and happier days ahead.
Disclosure: RWM, PSQ, SH, SEF, EFZ, SKF, VXX, S&P 500 Put Option

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http://www.albertpeia.com
http://www.scribd.com/alpeia
http://alpeiablog.blogspot.com
http://www.albertpeia.com/alresume.htm

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

You may post a comment on my blog on any topic:


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Jim O’Neill Suggests It May Be Time For The US To Give Up On Our Own
Middle Class, And Focus On China’s Zero Hedge | China will be
ecstatic that the US will now be funding the development of its own
middle class. As for ours… Oh well.

The Elites Have Lost the Right to Rule Zero Hedge | When you get too
many people of a particular mindset (in this case highly quantitative
and academic) to aggregate in a field that is very much a people
business and one where “street smart” common sense is of extreme
importance you are asking for serious trouble.

Ron Paul: Where Is the Gold? [ As I’ve previously written, I believe that
beyond the gold plate, Fort Knox has been looted. ] New American |
Congressman Ron Paul revealed that next year at the start of the
newly inaugurated 112th United States Congress, he would introduce
a new bill to audit the U.S. gold reserves.

Five reasons to be optimistic about the economy (Washington Post) Neil


Irwin |(Very) Political Economy [The unflappable Mr. Irwin. Fraudulent wall
street’s shill and man for all seasons falls in with the following as his glass
half-full runneth over: Those Who Ignore History...

Ron Paul: ‘There Might Not Be Any Gold In Fort Knox’ Paul, a longtime
critic of the Federal Reserve and U.S. monetary policy, said he
believes it’s “a possibility” that there might not actually be any gold in
the vaults of Fort Knox or the New York Federal Reserve bank.

Obama’s Department of Justice Puts Out Master Patriot Hit-list The word
constitutionalist is now shorthand for the sovereign citizen
movement, in other words people who support the Constitution and
the Bill of Rights are violent cop killers.

Government Think Tank Calls For Infiltrating Conspiracy Websites Furious


that state involvement in major terror attacks is being exposed to a
wider audience than ever before via the Internet, a UK think tank
closely affiliated with the Downing Street has called for authorities to
infiltrate conspiracy websites in an effort to “increase trust in the
government”.
The Death Of Cash? All Over The World Governments Are Banning Large
Cash Transactions Legislation currently pending in the Mexican
legislature would ban a vast array of large cash transactions, but the
truth is that Mexico is far from alone in trying to restrict cash. All over
the world, governments are either placing stringent reporting
requirements on large cash transactions or they are banning them
altogether.

Two Men Held On Terrorism Precrime Charges as Anti-Muslim Hysteria


Reaches Fevered Pitch Kurt Nimmo | The arrest of two men in
Amsterdam on “preparation of a terror attack” charges could not have
come at a more opportune time.

‘Vaccine Deaths’ Reaches Top of Google Trends Matt Ryan | Alex Jones
would like to commend and thank everyone for their continued
support in the InfoWar.

Vaccine Deaths And Injuries Skyrocket As Cover-Up Implodes Paul Joseph


Watson | Global revolt against deadly vaccines spreads as cases of
debilitating illnesses, soft-kill side-effects and even instant deaths
become widespread

Report: Israel planning to attack Hezbollah arms depots in Syria Israel is


planning to attack Hezbollah arms depots and weapons
manufacturing plants in Syria, the Kuwaiti newspaper Al Rai reported
on Saturday. The report is based on Western sources who asserted
that Israel has increased its military force level along the northern
border in the Golan Heights and Mount Dov areas.

USS Liberty Survivor Threatened by Unknown Israeli This is what


happened to Phillip F. Tourney, decorated war hero and survivor of
Israel’s premeditated attack on the USS Liberty 43 years ago. On the
evening of Aug. 6, Tourney was verbally threatened by a foreign
national claiming to work for the government of Israel.

EU Popularity Plunges Right Across the Bloc People’s confidence in the


the European Union has dropped to record lows in most countries
amid a placid response to the rising unemployment and the troubles
of the eurozone, a Eurobarometer published on Thursday shows.

China’s Central Bank Chief Rumored To Have Defected Rumors have


circulated in China that People’s Bank of China Gov. Zhou Xiaochuan has
left the country. The rumors appear to have started following reports on
Aug. 28 which cited Ming Pao, a Hong Kong-based news agency, saying
that because of an approximately $430 billion loss on U.S. Treasury bonds,
the Chinese government may punish some individuals within the PBOC,
including Zhou.

Drudgereport: AMERICA RUST- India's economy races 8.8%...


Russian economy grows 4.0%...
German unemployment rate 7.6%...
FDIC MESS: 829 BANKS AT RISK...
48 HOURS: 21 American soldiers killed in Afghanistan...
Worst August For Stocks Since 2001...
Congressional Travel Stipends Probed...
Dems face midterm meltdown...
Ron Paul questions whether there's gold at Fort Knox, NY Fed...
Dow Falls 140 Points; Banks, Industrials Slide...
1 OUT OF 6 TAKE GOV'T AID...
Homelessness Up 50% In New York City...
OBAMA BLAMES BUSH AGAIN FOR ECONOMY … [ bush (et als) does
deserve blame but with flawed pro-fraudulent wall street among other non-
policies and continued nation-bankrupting war, wobama is a distinction
without a difference and has bought it and can no longer shirk
responsibility with the blame game ] ...
Iran state media call French first lady prostitute...
EDUCATION SEC URGED STAFF: GO TO SHARPTON RALLY
Bernanke, other leaders talk economic policy (Washington Post) [Yeah,
they can talk the talk, but we all know based upon reality, ie., that no-
recession thing aka financial debacle / disaster, etc., we’re still feelin’
in a very big way, they just can’t can’t walk the walk!]

Google wants in on the social networking game (Washington Post) [ I’ll bet
they do … and as a cia/nsa front, if you’re a sound thinker and arrange
a meet with a newfound friend thereon, be prepared for almost
anything; ie., guns with silencers, garroted from behind, knife attacks,
sudden acceleration of cars toward you when crossing crosswalks,
etc. ] This Tweet -- "Google to launch Facebook competitor very soon"
-- unleashed a sense that the online world as we know it was about to
fundamentally change.

Stocks up [america down] (Washington Post) Previously reported


economic growth, upon which hundreds of rally ‘points’ were predicated,
revised down by 50% of the actual 1.6%. This is typical but no small
laughing matter which bespeaks the wayward ways of wall street that got
us to this debacle which also includes defacto bankruptcy of the nation.
So, GDP down, consumer confidence down, and stocks rally like no
tomorrow (which is the fraudulent wall street time horizon … they’ll just
commission on the way down). Am I missing something here, particularly
when a more sobering view from a rational player, INTEL, is far more
credible? One former fed chair likened no-recession-helicopter ben
bernanke’s factually deficient, empty words to ‘a doctor telling a patient
he’s not sure of what the problem is (that economic uncertainty thing he
referenced), but if his leg gets worse he can always amputate.’ Previously,
as pertains to the jackson hole no-recession-helicopter-ben b*** s*** non-
event / talk. Fed action signals new activism (WP) [ 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.]

Fed vows to act if economy stalls (Washington Post) [ Wow! Really!


Sounds like a plan! A ‘no-recession-helicopter-ben’ plan! One former fed
chair / bk. pres. likened no-recession-helicopter ben bernanke’s factually
deficient, empty words to ‘a doctor telling a patient he’s not sure of what
the problem is (that economic uncertainty thing no-recession-helicopter-
ben referenced), but if his leg gets worse he can always amputate’

New rules for your money (Washington Post) [What they really mean
refers to the lack thereof; that new defacto bankrupt american reality
and all that flows therefrom in the most negative sense. ] Kiplinger's
Personal Finance In this era of high unemployment, flat home prices
and do-it-yourself retirement savings, some traditional rules of saving
and investing are due for an overhaul.

Why is the recovery faltering? (Washington Post) [ Oooooh! ‘Dat ben! He


gives such great, unctuously soothing talks. Along with wobama, we must
consider this time, a time for defacto bankrupt American decline with the
cocomitant rise of b*** s*** . The watchwords are no longer (as in
Hollywood and elsewhere) ‘pastics’, ‘computer chips’, but rather b*** s***
and more b*** s***! I truly must say, almost as a ‘revenge to Samuelson
economics kind of thing’, that Mr. Samuelson here talks symptoms rather
than (structural) causes and totally misses the (big) macroeconomic
picture and should be chastised for faulting prudence.]
Make Sure the Bunker is Well Stocked Mike Whitney Information Clearing
House August 29, 2010 Robert Herz was forced to resign from his job
as as chairman of the Financial Accounting Standards Board (FASB)
because he insisted that the banks assign a fair value to their assets.
That’s not what you’ll read in the papers, but it’s true just the same.
Herz [...]

“Monetary Shock and Awe”: The Fed prepared to launch most Radical
Intervention in History There’s no talk of green shoots any more, and
even the deficit hawks have gone into hibernation. It feels like the
calm before the storm, which is why all eyes were on Jackson Hole
this morning where Fed chairman Ben Bernanke delivered his verdict
on the state of the economy on Friday.

Debt, Depression, Default. America is in Deep Trouble Items we


customarily purchase, i.e., shoes, clothes, cars would become too
expensive. Consequently, the American financial woes would result in
a global financial decline. The enviable American standard of living
will decrease and the next generation will be saddled with
insurmountable debt, not of their making.

The US Government Matches Every Dollar In Tax Revenue With A Dollar In


New Debt In our attempts to simplify the comprehension of the
ongoing serfdomization of the US population, we would like to present
one of the more persuasive charts which the administration would
likely be loath to demonstrate.

Helicopter Ben Bernanke Says Everything Is Going To Be Okay Don’t worry


everybody. Federal Reserve Chairman “No Recession Helicopter Ben”
Bernanke says that the U.S. economy is going to be just fine, and that if it
does slip up somehow the Federal Reserve is ready to rush in to the
rescue. That was essentially Bernanke’s message to an annual gathering of
central bankers in Jackson Hole, Wyoming on Friday.
China is Unloading its Treasury Bonds Oil Price | It looks like the smart
money these days is found in China.

Collapse Survival Will Be Tribal: Begin Recruiting Now Human World Order |
The controllers are orchestrating the collapse of the American
economy and society right now, albeit in slow motion, but it is already
crumbling.

The US Government Matches Every Dollar In Tax Revenue With A Dollar In


New Debt In our attempts to simplify the comprehension of the
ongoing serfdomization of the US population, we would like to present
one of the more persuasive charts which the administration would
likely be loath to demonstrate.

Mullen: National Debt is a Security Threat [Daaaaah!]The national debt is


the single biggest threat to national security, according to Adm. Mike
Mullen, chairman of the Joint Chiefs of Staff. Tax payers will be paying
around $600 billion in interest on the national debt by 2012, the
chairman told students and local leaders in Detroit.

U.S. birth rate falls again, a possible effect of economic downturn The
number of babies born in the United States has dropped for the
second year in a row, according to new federal statistics released
Friday that provide more evidence that the nation’s economic troubles
are affecting the birth rate.

Is Ben Lost? [Yes!] Butter ‘The much awaited speech by Ben Bernanke, on
Friday, was a bit of a non-event. It was interesting, however, to see the 30
Year bounce, from 3.55% to 3.7%, the moment that Ben explained his
cunning plan to push long-term interest rates down. But at least we learned
that $140 billion of the $1.25 billion the Fed advanced to buy agency debt
and MBS, got repaid. One question Ben: “How much did you pay for the
$140 billion that got repaid? Did you make a profit, or are you going to wait
until Ron Paul’s audit before you let us know how that went?.” I know I’ve
got a dirty mind, but I can’t help thinking that if Ben had made a profit on
that transaction, he would have been crowing about it. I loved this bit,
particularly the “Thus”:
Thus, our purchases of Treasury, agency debt, and agency
MBS likely both reduced the yields on those securities and
also pushed investors into holding other assets with similar
characteristics, such as credit risk and duration. For example,
some investors who sold MBS to the Fed may have replaced
them in their portfolios with longer-term, high-quality
corporate bonds, depressing the yields on those assets as
well.

Hmm…

1. Even Alan Greenspan and Larry Summers conceded that there is


absolutely nothing that the Fed can do to change long-term Treasury
yields. But, now Ben the Boy is saying that he can do that, he must
be Superman!
2. Good to see that Superman is also taking the credit for pushing
down yields on agency debt and toxic MBS. Obviously he is a
genius, the Maestro is re-incarnated, Err…but here is one little thing;
he’s the only guy buying that garbage.
3. Oh, and whoopee, Ben thinks that the “investors” (translate
deadbeat zombie banks), who sold him their (toxic) MBS, have all
rushed out to buy corporate bonds. I’m not quite sure what planet
he’s on. I thought they either kept the money on deposit with the
Fed, or bought Treasuries to repair their capital adequacy. Note the
“may”…as if he didn’t know!

But this was the kicker, admittedly hidden away between jargon-heaped on
jargon, but there all the same:

(Al those good things managed)... provide further support for


the economic recovery while maintaining price stability, the
Fed has also taken extraordinary measures to ease monetary
and financial conditions.

I especially love the part about “further” support. As if the banks are going
out and lending money to Main Street, as opposed to simply using their
free, Fed supplied, get-out-of-jail card to create an illusion of solvency
whilst they “extend and pretend”. Similar to what happened in Japan after
their bubble burst. The real gem, however, was the idea of “maintaining
price stability”. What that means is stopping assets prices (house prices,
commercial real estate, and to some extent stocks) from going down to
where they have to go, before market clearing can start. Funny how when
asset prices were bubbling through the roof, that was not considered
“inflationary” by the Fed and was not something to be concerned about.
But, when asset prices fall through the floor, that is considered deflationary
(or disinflationary), and is very bad. Ben looks to me suspiciously like a
greenhorn lost in the woods who used up all his ammo shooting at
shadows. And yet, there is the Big Bad Wolf of private sector deleveraging
faster than he can run the printing presses, (and more importantly, get that
money out into the real world) lurking round the corner.’

Headed for a Double Dip_

Sotomayor Says Court May Rule to Limit First Amendment in Response to


Wikileaks Kurt Nimmo | Sotomayor’s comment is a warning that the
Supreme Court may soon use the Wikileaks case restrict the First
Amendment.

The Nazification of the United States Paul Craig Roberts | September 11


destroyed American liberty, the rule of law and the US Constitution.

Fidel Castro: Osama bin Laden Worked for CIA Guardian | Fidel Castro
reveals what many of us have known for years — Osama bin Laden
was a prized CIA asset.

Conclusive: Global Distribution of Rockefeller-Funded Anti-Fertility


Vaccine Coordinated by WHO Jurriaan Maessen | It is a dream long
cherished by the global elite: an anti-fertilization program with the aim
of reducing the world’s population

We Need A Revolution, Not A Movement Chuck Baldwin | The Tea Party


movement, while still a force with which to be contended, has already
been diluted and compromised.
Corporate Media Dismisses Castro’s Bin Laden Claim As Far-Fetched
Conspiracy Theory The corporate media wasted little time in seizing upon
controversial Cuban leader Fidel Castro’s comments about Osama bin
Laden being a U.S. spy to deride the claim as a far-fetched conspiracy
theory, and yet the fact that Bin Laden was once a CIA protégé and has
been used time and again to the benefit of the U.S. government’s
geopolitical agenda is a documented fact.

Drudgereport: 7 US troops killed in latest Afghanistan fighting...


Castro: Osama bin Laden is US spy...
PAPER: CIA secretly paying Afghan officials...

7 U.S. troops die in Afghanistan violence (Washington Post) [ I was


discussing my opposition to the contrived conflict in Iraq with a former air
force man with high (top?) security clearance from economic, geopolitical,
and humanitarian perspectives; and further, mentioned I had sought and
gotten an appointment to West Point (I was exempt) so I could go (Vietnam)
as an officer rather than a grunt who were being used as mere cannon
fodder as now in Iraq (I also related the fact that I am thankful, for a
multitude of reasons, I changed my mind in light of then new realities). He
replied, quite seriously, that’s what they’re there for… No they are not! But
yes, that is their unequivocal, unforgiveable attitude beyond the b*** s***
(look at cheney-5 deferments, bush-powderpuff duty courtesy of poppy
bush, clinton-draft dodger, wobama-never served, etc.. Just a destructive
waste!) The latest deaths bring to 42 the number of American forces who
have died this month in Afghanistan after July's high of 66.

U.S. officers weary and humbled (Washington Post) [ Indeed they should
be; and, if they are able to make sense of the last 2 decades particularly,
they are certifiably true american crazy, a condition in the u.s. and among
it’s war mongering allies that is found in self-destructive abundance. No
joke! And then there are the crimes / frauds. My position is also that such
frauds as the disappearance of the 360 tons of $100 bills, etc., and similar
such frauds should come right off the top, a direct reduction in their budget
allocation particularly in light of the defacto bankruptcy of the nation! ]
How Iraq vets make sense of the last seven years will affect how america
wields its military power [very poorly indeed!] .

Is the U.S. exporting terrorism? (Washington Post) [The newspaper that


never sleeps…The Washington Post

WikiLeaks Release: CIA Red Cell Special Memorandum – What If


Foreigners See the United States as an ‘Exporter of Terrorism’ [Which
of course is the reality, along with israel; you do recall those israeli
operatives who were caught cheering the 911 hit, the so-called pearl
harbor event so cherished by the neo-cons.] The document states,
“This report examines the implications of what it would mean for the
US to be seen increasingly as an incubator and ‘exporter of
terrorism.’” However, it doesn’t go on to mention the U.S. state
sponsored terrorist activities of the Proactive, Preemptive Operations
Group (P2OG).

We’re Already In Recession [actually a depression] Harding ‘‘… look at


the trend. After an unusual four straight quarters of negative growth in the
severe 2008-2009 recession, the recession ended in the September quarter
of last year when GDP managed fragile growth of 1.6% for the quarter, and
then improved to 5.0% growth in the December quarter.It was understood
that much of that growth was temporary, fueled by government spending,
and spending by consumers provided with government bonuses and
rebates, as well as temporary rebuilding of inventories by businesses. But
it was expected that with that jumpstart the recovery could continue on its
own legs.So, it was a bit of a surprise when GDP growth slowed to 3.7% in
the March quarter of this year while those programs were still having an
influence. But economists still expected the economy would grow at a 3%
pace in the June quarter even with those programs winding down, and for
the rest of the year.So, it was a real disappointment when second quarter
growth was reported a month ago as having been only 2.4%. Plus, when
additional data became available for May and June, the last two months of
the second quarter, and those reports were increasingly negative,
economists predicted that Q2 GDP growth would be revised down to only
1.3%.On Friday, the revision was released, and it showed growth last
quarter slowed significantly, but only to 1.6%, not as bad as the latest
forecast.The media and the stock market, starving for good news–and with
the market short-term oversold after being down 10 of the previous 13
days–took it as a positive. But let’s get real.The issue is not whether
economists got their forecast right or wrong, but the degree to which
economic growth is slowing. And a trend of 5% growth in the December
quarter, followed by a 1.3% decline to 3.7% growth in the March quarter,
followed by a 2.1% decline to 1.6% growth in the March quarter is a chilling
rate of decline.Now factor in that economic reports so far for July and
August, the first two months of the third quarter, have been significantly
worse than those of May and June, and significantly worse than
economists’ forecasts, with the relapse pretty much across the board; in
the housing industry, manufacturing, retail sales, consumer and business
confidence, the decline in U.S. exports, and so on.It’s not a stretch then to
think that economic growth is declining by another increment of more than
1.6% this quarter, which would have it in negative territory, already in
recession.In his speech Friday morning at the annual economic
symposium in Jackson Hole, Wyoming, Fed Chairman Bernanke, while
saying he still expects the economy to grow in the second half “albeit at a
relatively modest pace” did not put forth a very convincing argument,
using such phrases as “painfully slow recovery in the labor market”. . .
“economic projections are inherently uncertain”. . . . “the economy is
vulnerable to unexpected developments” . . . “the recovery is less vigorous
than we expected.”Nor did he seem confident that the Fed’s depleted
arsenal of tools to re-stimulate the economy would be effective if needed.
Two of the four possible actions he mentioned seemed to suggest
consumers and markets could be fooled into confidence with mere talk.His
brief list of four possible actions were, “1) conducting additional purchases
of longer-term securities [bonds and mortgage-related securities]; 2)
modifying the Fed’s FOMC meeting communications to investors; 3)
reducing the interest the Fed pays banks on their excess reserves. And I
will also comment of a fourth strategy, proposed by several economists-
namely, that the Fed increase its inflation goals.”Providing details on two
of the four possible actions, he said, “The Fed’s current statement after its
FOMC meetings reflects the FOMC’s anticipation that exceptionally low
interest rates will be warranted ‘for an extended period’ . . . A step the
Committee could consider if conditions called for it, would be to modify the
language to communicate to investors that it anticipates keeping the target
for the federal funds rate low for a longer period of time.”As for the fourth
possible action in his list of four, he said the Fed could alter the phrases it
uses to communicate its goals for inflation by “increasing its medium-term
inflation goals above levels consistent with price stability.”That’s scary
stuff if those are two of the four actions the Fed sees as its best options to
re-stimulate the economy.Also of concern, in its report revising Q2 GDP
growth down to just 1.6%, the Commerce Department reported that
corporate earnings declined significantly in the second quarter, after-tax
earnings rising just 0.1%, compared to the gain of 11.4% in the first quarter.
Meanwhile, Wall Street continues to ratchet up its earnings estimates.On
the positive side, consumer spending, which accounts for 70% of the
economy, rose 2% in the second quarter, compared to 1.9% in the first
quarter. But the bad news is that the reports since, on consumer
confidence and retail sales in July and August, have been big
disappointments.Putting it all together, don’t be surprised if a couple of
months down the road we learn the economy was already in recession in
the current quarter.’

Drudgereport: MORGAN STANLEY: Government Bond Defaults Inevitable …


How did this escape mainstream … this is very big news though not new
news but would be newly reported news which smart people knew was
news before this news was even reported as news on the Drudge news web
site … they deserved this redundancy for which there is no excuse in not
covering ...

Cramer Gets It Wrong With “Mass Panic” GDP Forecast [To the contrary,
among the few times cramer got it right … I mean, come on … you
don’t think that initial number and now this better than all forecasts is
correct … one couldn’t be that dumb. ]

Fed vows to act if economy stalls (Washington Post) [ Wow! Really!


Sounds like a plan! A ‘no-recession-helicopter-ben’ plan! One former fed
chair / bk. pres. (Brusca) likened no-recession-helicopter ben bernanke’s
factually deficient, empty words to ‘a doctor telling a patient he’s not sure
of what the problem is (that economic uncertainty thing no-recession-
helicopter-ben referenced), but if his leg gets worse he can always
amputate’.] U.S. markets rebound on news that central bank will step in if
conditions unexpectedly worsen.

China is Unloading its Treasury Bonds Oil Price | It looks like the smart
money these days is found in China.

Collapse Survival Will Be Tribal: Begin Recruiting Now Human World Order
| The controllers are orchestrating the collapse of the American
economy and society right now, albeit in slow motion, but it is already
crumbling.
10 Leading Retailers Close Stores Mish’s Global Economic Trend Analysis |
Signs of weak consumer discretionary spending are popping up in
multiple places.

U.S. Postal Service Starts Quoting SDR to Dollar Conversion Rates, and
IMF Endorses Replacing Dollars with SDRs I have repeatedly pointed
out that it is possible that the IMF’s special drawing rights (SDRs) will
become the world’s reserve currency. And as I noted in April 2009,
there is some possibility that the “Bancor” will ultimately fill that role.

Why Are Home Sales Plummeting? On the surface, it is because the


government’s tax-credit for first-time home buyers lapsed in April. It
takes a couple of months lag-time between buyer purchase decisions
and the actual close of escrow, and so the expiration of the tax-credit
is just now hammering the market.

Bearish Sentiment Officially Reaching Fever Pitch Friday promises to be a


huge day (at least in the early going) with both the Fed and the Q2
GDP revisions potentially giving investors more reasons to panic. The
questions: is panic hitting peak levels?

Drudgereport: Analyst:CITIGROUP 'Cooking the Books'...


Banks back switch to renminbi for trade; Incentives to move from dollar
and euro...
THE SPEECH: Bernanke under pressure to prop it up...
'RECOVERY SUMMER' ENDS SICK
GDP REVISION: 1.6%
Says recovery softer, Fed prepared to buy more...
Weaker GDP raises stakes...
WIRE: What Biden didn't mention on stimulus...
ZUCKERMAN: The Most Fiscally Irresponsible Government in History …
along with bushes’...
Joint Chiefs Chairman: National Debt is a Security Threat...
Recession pushes US birth rate to new low...
RECOVERY BUMMER: Youth employment lowest since 1948...
Thousands line up before dawn for mortgage help in Palm Beach County...
Report on Fannie, Freddie gives new theory for collapse (Washington Post)
Since ‘it’s always something’, time to contact Rosanne Rosanna
Danna to straighten this out! Tiny tim geithner, God bless us
everyone, ‘has also pointed to the weight of souring guaranteed loans
as a source for the companies' troubles. …Riiiiight! Guarantee’s are
the thing! … Rosanne Rosanna Danna, formerly of SNL fame needs to
chime in with what her mama always used to say, ‘ It’s always
something ‘ . Of course, it matters little to the frauds and what their
frauds are 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.’

Flow of imports drags down economic growth (Washington Post) [Ah,


eureka! So that’s what did it! Nothing to do with transferring
productive capability overseas / elsewhere as warned against by Ross
Perot and celebrated by those long-term thinking frauds on wall
street. Well, we still have the worthless paper to move around and
commission as warned against by Morita of Sony fame.]

Chossudovsky: China could already be world’s largest economy

Stocks slip as caution about the economy returns Associated Press


(Washington Post) [Caution? Is that what they’re calling reality these
days? ] Stocks fell Thursday after early gains from a better report on
jobless claims faded in late trading, sending the Dow Jones industrial
average to its first close below 10,000 since early July.

Is the U.S. Bankrupt? [YES!] (at Motley Fool) The Administrative Office of
the U.S. Courts recently reported that bankruptcy filings between April and
June hit a four-year high. Consumer bankruptcies rose 21 percent while
business bankruptcies increased eight percent. The list of corporate
bankruptcies over the last couple of years includes big names like Lehman
Brothers, Washington Mutual, and GM. And financial institutions like Bank
of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC)
received billions of dollars through the federal government's Troubled
Asset Relief Program. Should investors add the U.S. government to that list
of big name bankruptcies? I recently asked Boston University economics
professor Lawrence Kotlikoff, author of Jimmy Stewart is Dead: Ending the
World's Ongoing Financial Plague with Limited Purpose Banking.
Mac Greer: Larry, I noticed the headline or the title of a recent article that
you wrote, US is Bankrupt and We Don't Even Know It. So with that in mind,
what is your take on the economy these days?
Larry Kotlikoff: Well there is a lot of uncertainty, as rightfully there should
be. We have seen the financial sector implode basically because of the
systematic production and sale of trillions of dollars of fraudulent
securities under the cover of proprietary information, so nobody really had
the ability to look inside big companies like Bear Sterns or Merrill Lynch to
see exactly what they owned or owed. That problem remains today, even
with the passage of Dodd-Frank. There is no requirement that the financial
industry come clean with respect to what it is doing with our money, so
every major financial player says you can't see what we are doing because
we have the Midas touch. We are going to beat the market, and if we show
you, everybody will see our secret formula for making you a mint. As a
result, they have a great cover to produce fraudulent securities. And then
when there is a sniff of fraud, one can easily presume that everything they
are doing is fraudulent, which may not at all be the case. And then there is
a run against those institutions as we saw with Bear Sterns and Lehman
Brothers and all the other ones because of the perception that so much of
their holdings were fraudulent and that their reporting was fraudulent. And
of course the rating companies and the regulators and the boards of
directors and the members of Congress were all, in effect, in bed with each
other to achieve this result. I don't see anything that has fundamentally
changed, so that is one major area of fragility. We could have another
meltdown in the financial market tomorrow because as Dick Fuld [Lehman
former CEO] said, he claims that their balance sheet was just fine and that
this was all just a panic, it was not connected with any facts. Well, he said
that every institution on Wall Street --- Goldman Sachs (NYSE: GS), JP
Morgan (NYSE: JPM) -- could have experienced the same thing. His
concern about this happening to other companies is well taken. So we have
a financial system that is set up to fail again, and we have a fiscal situation
which is a complete and dire mess. It could lead to a financial panic that
could lead to a much bigger meltdown of the financial system than we have
seen.
Greer: Is the U.S. bankrupt?
Kotlikoff: Bankruptcy means not being able to pay your future bills. If you
can't pay your current bills, your creditors are already after you so you
already are bankrupt. If you can't pay your future bills, that really is the
operational definition of going bankrupt or being bankrupt. The U.S.
government can't pay its future bills. These bills, in total, in present value,
exceed the revenues by $202 trillion. This is based on taking the data
projected by CBO (Congressional Budget Office) back on June 26 of this
year, when they put out their alternative fiscal scenario, which is their best
long-term projection of government spending, including servicing the
official debt, and government revenues. And if you present value the
differential between spending and revenues, including extrapolating
beyond their projection which is important to do, you get a fiscal gap of
$202 trillion. To come up with $202 trillion in present value, you'd have to
immediately and permanently double all taxes we have. You'd have to do it
immediately. We're talking here about running a 5% GDP surplus this year
instead of running a 9% deficit. So I don't see that happening. We have to
cut spending or we have to print money. Either way you're cutting
spending so either way you're, in effect, reining in spending promises. And
that suits my definition of bankruptcy. And I think there are ways of cutting
spending and getting our fiscal house in order but we need to engage in
radical surgery here and not putting on the band-aid that this
administration is so fond of.
Greer: One of our Motley Fool writers recently interviewed Euro Pacific
Capital President Peter Schiff. In 2006, he was predicting the economic
downturn, and he now says that we are, "In the early stages of a
depression now. It is going to be a horrific experience for average
Americans who are going to watch their standard of living plunge." Do you
agree?
Kotlikoff: Well, this has been a depression so far for millions of Americans.
It didn't have to happen. It is really man-made. We have the same physical
capital and human capital sitting here in place. We don't have to stay in a
depressed state. The problem is that things are not coordinated. We don't
have buyers optimistic about getting paid salaries and we don't have
sellers optimistic about being able to find buyers, so everybody is kind of
sitting on their hands. We can have some, a bunch of KISS's, which are
"keep it simple, stupid" solutions to our problems, and lots of people
throughout the country realize this, that we need to fix things
fundamentally. We can't do it with 2,000 page bills that make bureaucratic
structures that are basically clogging up our economic arteries, even more
bureaucratic…

Go to following pages for above links:


http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.scribd.com/alpeia
http://alpeiablog.blogspot.com
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm

You may post a comment on my blog on any topic:


http://alpeiablog.blogspot.com

10 Practical Steps That You Can Take To Insulate Yourself (At Least
Somewhat) From The Coming Economic Collapse The Economic
Collapse | Most Americans are still operating under the delusion that
this “recession” will end and that the “good times” will return soon.

America’s Debt: The BIG Wave Damien Hoffman | This, my friends, is only
the tip of the iceberg of what will unfold should we choose to kick the
proverbial can farther down the road.

S&P Says US Should Act to Protect AAA-Rating: Report The United States
government needs to take steps to preserve its top AAA-rating, a
Standard & Poor’s Ratings (S&P) official told Dow Jones newswire in
an interview published on Thursday.

It pays to riot in Europe Dublin has played by the book. It has taken pre-
emptive steps to please the markets and the EU. It has done an IMF
job without the IMF. Indeed, is has gone further than the IMF would
have dared to go.

The Economy When Debt Is Everywhere As a result of austerity, imposed


on Greece by its Illuminist led government, unemployment has hit
70% in some places. The country’s budget deficit has been reduced
by 40%, truly draconian. Spending by government has been cut 10%,
which is more than double what the EU and IMF has required.
10 Practical Steps That You Can Take To Insulate Yourself (At Least
Somewhat) From The Coming Economic Collapse Most Americans are
still operating under the delusion that this “recession” will end and
that the “good times” will return soon, but a growing minority of
Americans are starting to realize that things are fundamentally
changing and that they better start preparing for what is ahead.

China Buys Euros as Fear of World Depression Grows Webster G. Tarpley |


The one certainty is that there is no recovery, and that the second wave of
a world economic depression dominates the world.

Economy Caught in Depression, Not Recession: Rosenberg Positive gross


domestic product readings and other mildly hopeful signs are masking an
ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff
economist David Rosenberg said Tuesday. ‘Positive gross domestic
product readings and other mildly hopeful signs are masking an ugly truth:
The US economy is in a 1930s-style Depression, Gluskin Sheff economist
David Rosenberg said Tuesday. Writing in his daily briefing to investors,
Rosenberg said the Great Depression also had its high points, with a series
of positive GDP reports and sharp stock market gains. But then as now,
those signs of recovery were unsustainable and only provided a false
sense of stability, said Rosenberg. Rosenberg calls current economic
conditions “a depression, and not just some garden-variety recession,”
and notes that any good news both during the initial 1929-33 recession and
the one that began in 2008 triggered “euphoric response.”

Op-Ed Columnist - The Third Depression - NYTimes.com Economic Policy:


Nobel Prize-winning economist Paul Krugman says the US is in the
"early stages of a third Great Depression. The Third Depression By
PAUL KRUGMAN Published: June 27, 2010 ‘Recessions are
common; depressions are rare. As far as I can tell, there were only
two eras in economic history that were widely described as
“depressions” at the time: the years of deflation and instability that
followed the Panic of 1873 and the years of mass unemployment that
followed the financial crisis of 1929-31. Neither the Long Depression
of the 19th century nor the Great Depression of the 20th was an era
of nonstop decline — on the contrary, both included periods when
the economy grew. But these episodes of improvement were never
enough to undo the damage from the initial slump, and were
followed by relapses. We are now, I fear, in the early stages of a
third depression. It will probably look more like the Long Depression
than the much more severe Great Depression. But the cost — to the
world economy and, above all, to the millions of lives blighted by the
absence of jobs — will nonetheless be immense. And this third
depression will be primarily a failure of policy. Around the world —
most recently at last weekend’s deeply discouraging G-20 meeting —
governments are obsessing about inflation when the real threat is
deflation, preaching the need for belt-tightening when the real
problem is inadequate spending. In 2008 and 2009, it seemed as if we
might have learned from history. Unlike their predecessors, who
raised interest rates in the face of financial crisis, the current leaders
of the Federal Reserve and the European Central Bank slashed rates
and moved to support credit markets. Unlike governments of the
past, which tried to balance budgets in the face of a plunging
economy, today’s governments allowed deficits to rise. And better
policies helped the world avoid complete collapse: the recession
brought on by the financial crisis arguably ended last summer. But
future historians will tell us that this wasn’t the end of the third
depression, just as the business upturn that began in 1933 wasn’t
the end of the Great Depression. After all, unemployment —
especially long-term unemployment — remains at levels that would
have been considered catastrophic not long ago, and shows no sign
of coming down rapidly. And both the United States and Europe are
well on their way toward Japan-style deflationary traps …’

Go to following pages for above links:


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

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

You may post a comment on my blog on any topic:


http://alpeiablog.blogspot.com

Worse than expected news on both durables and new home sales. Indeed,
in this and the prior session the ‘new homeseller stocks’ rose based
on the foisted false expectation of expected-to-better as opposed to,
among other, far worse than expected results. Yet, where / when was
the worse than expected news discounted. The fact is that it wasn’t,
as fraudulent wall street with one of those typical press the button,
computerized program trade days, rallies to try to suck the suckers
back in to keep their ‘churn and earn’ rollin’. Note the typical, almost
tauntingly gleeful mainstream non-news headline, ‘US stocks pull off
a gain; Dow ends above 10,000 (at CNBC)’ … Riiiiight! … They pulled it
off … How pathetic! Democrats move to shore up faltering economic
recovery (Washington Post) [ Wow! And all this time that’s what we
thought they were doing. Now they’re gonna’ get serious … riiiiight.
Here’s some serious for you: 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 … : an inflationary
depression.) among other economists, (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.) , and my position and that of demographer Dent (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.]

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 ).
INSIDER TRANSACTIONS (Washington Post) 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 … Sell /
Take Profits while you still can! ]

Drudgereport: MORGAN STANLEY: Government Bond Defaults Inevitable...


Roubini: Growth to Be 'Well Below' 1% ...
New Home Sales Sink to Lowest Pace on Record...
Banks back switch to renminbi for trade; Incentives to move from
dollar and euro...
DEM JOKES: PELOSI COULD DIE BEFORE NEXT YEAR
Former Republican chairman: I'm gay...
President Bush 'incredibly supportive in his cornholin’ efforts'...
Bernanke under pressure to prop it up [yeah … with the typical b***
s***]!
Jackson Hole: Speech, Speech...

Infowars.com Poll: Fed Will Push Nation Into Greatest Depression Kurt
Nimmo | Infowars.com readers believe the monetary policies of the
Federal Reserve will push the country into another depression.

Even Tony Robbins Is Warning That An Economic Collapse Is Coming It


seems like almost everyone is warning of a coming economic collapse
these days.

Why to Expect a Bipolar Market Move Next Week [Well, I don’t know about
a diagnosis of bipolar, but ‘criminally insane’; yes, that’s wall street in a
nutshell.]

Bond Bubble, Dollar Doom - Embrace The Fear Says Fisher [ Riiiiight!
Sounds like a plan … to bail out the frauds on wall street as they sell their
‘hot potatoes’ in their typical ‘musical chair’ pre-crash charade! ] ‘…
Hussman: Dollar Collapse Coming: In his latest market commentary, top
fund manager John Hussman continues to express a bearish view, and
says that more quantitative easing by the Federal Reserve is likely to
trigger “an abrupt collapse in the foreign exchange value of the U.S.
dollar”. Hussman offers something of a primer on exchange rates, and
concludes by saying this: “The policy of quantitative easing is likely to
force a large adjustment on the U.S. dollar because the Federal Reserve is
choosing to lay a heavier hand on the Treasury bond market than would
result from economic conditions alone,” he says. “The resulting shift in
interest rates and long-term inflation prospects combine to dramatically
reduce the attractiveness of the U.S. dollar. A significant and relatively
abrupt devaluation is then required, in an amount sufficient to set up
expectations of a U.S. dollar appreciation over time.” Special Offer: People
mocked Gary Shilling when he said SELL in 2006 and 2007. But he was
right and his subscribers are richer for it. Click here for Gary Shilling’s
current investment advice. As for the market, Hussman says he continues
to see unfavorable valuations, unfavorable market action, and unfavorable
economic pressures. The Fed’s new go at quantitative easing may well limit
deflationary fears, he says, which has led him to increase exposure to
precious metals and foreign currencies. Hussman also says the U.S.
should focus on restructuring debt, and offers his take on how it should do
so …’

Dow Reclaims 10,000 as Stocks Pare Losses CNBC | Stocks opened lower
for a fifth straight day Wednesday as disappointing reports on new
home sales and durable-goods orders stoked worries about the
economic recovery.

Consumers Dropping Pay TV Services Investors.com | The number of


subscribers to cable, satellite and telecom TV services in the U.S. fell
for the first time ever in the second quarter.

Plunge in Home Sales Stokes Economy Fears Wall Street Journal | U.S.
home sales plummeted in July to a level not seen in more than a
decade, spurring fears of renewed weakness in housing prices and
the broader economy.
Boehner calls for mass firing of Obama's economic team (Washington
Post) Yeah! True enough. They should be fired (watch for fake data as
a desperate reaction to the reality the fake data’s been hidin’,
revisions to fake data which hid reality, etc., ‘cause they’re really
desperate); yet where were the same calls for paulsen, bush, et als.
The truth is, they all should be fired! Every last fraudulent one of
them! All three corrupt branches of the u.s. non-government.

Frank to hold hearing on regulation of Wall St. pay (Washington Post)


[ Oooooh! Riiiiight! More hearings … sounds like a plan! You know,
max face time, no action, great politics as usual. After all, if they were
really serious, prosecutions, jail, fines, and disgorgement for the
perps would have happened. Additionally, the so-called fin regs were
powder puffs after all the huff and puff and ignore prosecution under
already existing laws. What total fraud / b*** s***! ]

U.S. Financial System Still "Fundamentally Corrupt," Kotlikoff Says: Here's


How to Fix It ‘We have a "fundamentally corrupt financial system" and the
Dodd-Frank reform bill did nothing to change it, says Boston University
economics professor Laurence Kotlikoff. "Relatively little has changed
except there are going to be more federal regulators who are probably
going to miss major problems." At the core of the 2008 crisis was "the
production and sale of trillions of fundamentally fraudulent securities,"
Kotlikoff says, suggesting all levels of society participated in the fraud --
including homeowners. At the center of it all were financial intermediaries
(a.k.a. Wall Street) who packaged and sold "snake oil under the guise of
proprietary information" to limit or eliminate disclosure, and enabled by
corrupt rating agencies, regulators and elected officials, he says. In the
accompanying video, Kotlikoff explains how we can "make Wall Street safe
for Main Street." In short, we should transform all financial companies with
limited liability (banks, hedge funds, private equity firms and insurance
companies alike) into mutual funds, which the professor describes as "little
banks that have 100% capital requirements. " Notably, the big mutual fund
companies survived the "financial earthquake" of 2008-09 when the rest of
the financial system collapsed, Kotlikoff recalls. In late 2009, Kotlikoff and
Harvard's Niall Ferguson penned an op-ed for The FT describing a blueprint
for how to take moral hazard out of banking. Citing a speech by Bank of
England governor Mervyn King, Kotlikoff and Ferguson called for "limited
purpose banking" (LPB), that would "limit banks to their legitimate purpose
- financial intermediation and payment facilitation." Nine months later,
Kotlikoff remains convinced this "very simple reform" remains a much
better alternative than the financial reform bill hammered out in
Washington - with plenty of influence from Wall Street lobbyists. "We are
rebuilding [the system] out of straw rather than out of brick," Kotlikoff
says, suggesting his "LPB" proposal will ultimately be good for the
economy and provide a model for the rest of the world. "If we have a safe,
sound [financial] structure other countries will follow suit," he says.’

How to Get Through This Mess ‘… U.S. RECESSION NEVER ENDED; GDP
TO CONTRACT IN Q3

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!

100-Year Bonds --- Sign of Trouble?


Analyst: Dow To 5,000, Lost Decade For Stocks The Dow Jones Industrial
Average will lose about half of its value over the next couple of years
as it follows a Nikkei-like pattern of several sharp rallies in an overall
decline, according to Charles Nenner, founder and president of
Charles Nenner research.

Existing home sales plunge 27% Existing home sales fell sharply in July,
declining for a third straight month, as the effects of the expired
homebuyer tax credit continued to add turbulence to the housing
market.

Hindenburg Omen Creator Has Exited The Market As we reported first, last
week saw the second confirmation of the Hindenburg Omen, most
recently sighted for the first time on August 12. Presumably this is an
indication of putting one’s money where one’s mouth is (and away
from the market).

We’re Underperforming The Great Depression In real (inflation/deflation-


adjusted) terms, when did the US market permanently regain the high
reached in 1929? The first chart illustrates two answers to the
question. One uses the real price and the other uses the real total
return.

Top Republicans urge Obama to oust economic team Reuters | The top
Republican in the U.S. House of Representatives called on Tuesday
for President Barack Obama to fire his economic team in a campaign-
style speech meant to focus voters on the weak American economy.

Home Sales Plunge to Record Low NY Times | Sales of existing homes


plunged 27.2 percent in July, down to their lowest level since the
National Association of Realtors began keeping track over a decade
ago.

Unemployed group blasts Geithner’s handling of economy The Hill |


UCubed, a group representing unemployed and underemployed
workers, sharply criticized Treasury Secretary Timothy Geithner for
his handling of the economy.

Stocks Plunge, Double Dip Recession Fears Grow After Home Sales Report
U.S. stocks extended losses, sending the Dow Jones Industrial
Average below 10,000, and the 10-year Treasury yield fell below 2.5
percent for the first time since 2009 as a bigger-than-estimated slump
in existing home sales fueled concern the economy may relapse into
recession.

Infowars.com Poll: Fed Will Push Nation Into Greatest Depression Kurt
Nimmo | Infowars.com readers believe the monetary policies of the
Federal Reserve will push the country into another depression.

Even Tony Robbins Is Warning That An Economic Collapse Is Coming It


seems like almost everyone is warning of a coming economic collapse
these days.

Alex Jones Exposes Google’s Plan to Dominate the Internet Infowars.com |


Google’s takeover agenda will control the world wide web and force
independent media websites, radio and TV shows out of existence for
good.

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.

The Never Ending Recession Mr. Rosenberg believes we could see a


negative GDP print THIS quarter. And if he’s right that means analysts
are far too optimistic about the upcoming quarter.

Economic forecaster: ‘Greatest Depression’ coming Collapse of middle


class means there’s no fuel for recovery, Gerald Celente argues.

National / World:

JFK Assassination Cover-Up Blown Sky High It is a story the corporate


media, with the notable exception of one lone Fox News affiliate,
refuses to report. A former FBI agent, Don Adams, has compelling
evidence Lee Harvey Oswald did not assassinate president John F.
Kennedy.

Massive solar storm to hit Earth in 2012 with ‘force of 100m bombs’
Astronomers are predicting that a massive solar storm, much bigger
in potential than the one that caused spectacular light shows on Earth
earlier this month, is to strike our planet in 2012 with a force of 100
million hydrogen bombs.

Conclusive: Global Distribution of Rockefeller-Funded Anti-Fertility


Vaccine Coordinated by WHO Jurriaan Maessen | It is a dream long
cherished by the global elite: an anti-fertilization program with the aim
of reducing the world’s population
Republican Tea Party Organization Reports Death Threats Kurt Nimmo |
FreedomWorks is the establishment’s answer to the Libertarian Tea
Party movement.

Saudi couple hammer 24 hot nails into their maid after she complained of
heavy workload [Saudi Arabia is total b*** s***. Time for displacement of
the saudi mob family, and establishment of a meaningful nation-state! They
are an embarrassment to Muslims everywhere!] A Saudi couple tortured
their Sri Lankan maid by hammering 24 hot nails into her after she
complained of her heavy workload. Mrs Ariyawathi told a local newspaper
that her employers tortured her with the nails as punishment.

Senate To Sneak Through Internet Kill Switch Bill The Senate is attempting
to sneak through the infamous Internet kill switch cybersecurity bill by
attaching it to another piece of legislation that is almost guaranteed to
pass – the defense authorization bill – in an underhanded ploy to
avoid the difficult task of passing cybersecurity on its own.

Key Karzai Aide in Corruption Inquiry Is Linked to C.I.A. The aide to


President Hamid Karzai of Afghanistan at the center of a politically
sensitive corruption investigation is being paid by the Central
Intelligence Agency, according to Afghan and American officials.

WikiLeaks Release: CIA Red Cell Special Memorandum – What If


Foreigners See the United States as an ‘Exporter of Terrorism’ [Which
of course is the reality, along with israel; you do recall those israeli
operatives who were caught cheering the 911 hit, the so-called pearl
harbor event so cherished by the neo-cons.] The document states,
“This report examines the implications of what it would mean for the
US to be seen increasingly as an incubator and ‘exporter of
terrorism.’” However, it doesn’t go on to mention the U.S. state
sponsored terrorist activities of the Proactive, Preemptive Operations
Group (P2OG).
Inside Job? Iraqi govt ‘involved in deadly bombings to get US troops to
stay’ More than 40 people have been killed in a string of bombings
that have rocked Iraq. In Baghdad alone, over 20 bombs exploded in at
least 12 separate incidents. Today’s bombings are raising questions
the Iraqi government’s ability to deal with an ongoing insurgency.
Sabah Al-Mukhtar from the Arab Lawyers Association says the
bombings may actually be the Iraqi government’s way to get US
troops to stay.

John McCain’s Attack On Liberty Chuck Baldwin | The citizens of Arizona


can do the American people — and liberty itself — a great favor this
year by giving Senator John McCain his walking papers. [First, he’s a
fraud with a long mob-connected history. Second, he’s an
incompetent mental case in the mold of ‘bolton’ et als, but all that’s
how and why they keep this compromised a** in there.]

Former FBI Agent Reveals New Angle On Kennedy Assassination [bush,


typically, was involved up to his eyeballs, and ‘knuck’ (knucklehead
not-to-bright ford) the typical go along to get along. ]‘… Despite the
threat and possibility of a conspiracy to assassinate the president, the
FBI and Secret Service allowed Kennedy to travel to Dallas. “[They]
should have stopped the President from traveling instantly,” said
Adams. “You thought I was kidding when I said he would be killed
from a window with a high powered rifle,” a “jubilant” Milteer” told the
informant following the murder. Adams points out that Milteer was in
Dallas on the day of the assassination and has a photograph to prove
it. In the photo, Milteer stands near the presidential limousine prior to
the shooting. Adams notes this fact was not mentioned in the Warren
Commission report. Other, more well-known personages were also
photographed in Dealy Plaza on that fateful day, in particular George
Bush Senior. The future CIA director and president was photographed
standing outside the Texas Book Depository building where it was
said Oswald single-handedly shot the president from the sixth floor.
Gerald Ford appointed Bush to head-up the agency when the House
Select Committee on Assassinations was investigating CIA-FBI links
to the murders of John F. Kennedy, Martin Luther King and Robert
Kennedy. During Gerald Ford’s funeral in 2007, the elder Bush
attacked theories straying from the official version. “After a deluded
gunman assassinated President Kennedy, our nation turned to Gerald
Ford and a select handful of others to make sense of that madness,”
said Bush. “And the conspiracy theorists can say what they will, but
the Warren Commission report will always have the final definitive say
on this tragic matter. Why? Because Jerry Ford put his name on it and
Jerry Ford’s word was always good.” After Adams told the FBI he
believed it was impossible for Oswald to have fired three shots with a
bolt-action rifle in seven-and-a-half seconds while taking aim through
a scope, he was warned by his superiors not to pursue his findings.
“Don, be careful what you say and how you say it,” an agent told him.
Mr. Adams’ assertions contribute to a huge body of evidence
revealing that Kennedy was not murdered by Oswald in the fashion
described by the government…’

Finland Suspends Swine Flu Shots After Vaccine Linked With Neurological
Disorder Paul Joseph Watson | Finland’s National Institute for Health
and Welfare (THL) has suspended the use of the H1N1 vaccine over
fears that the shot is linked with narcolepsy.

U.S. Court Rules That Government Can Secretly Track You With GPS,
Privacy is For Rich People Only Steve Watson | TIME magazine
casually admits that it is now perfectly legal in nine states for the
government to attach secret satellite tracking devices to your car and
monitor you wherever you go, without a search warrant.

CNN: Opposition to Government, Bankers is Criminal Kurt Nimmo | The


sovereign citizen movement is considered a direct and dangerous
threat by the government because it rejects out of hand its authority.

Alex Jones: Government Wants to Control Your Music Infowars.com | Alex


covers the hysteria over “i-dosing” and the ultimate plan by
government to control our minds and emotions.

Megalomaniacs Push For Orwellian “Safe” City, Controlled Internet


Biometrics R&D firm Global Rainmakers Inc. recently unveiled a plan
to place iris scanners and other tracking devices in what they toted as
the “most secure” city in the world.
Study: Oil spill cleanup workers suffered chromosome damage, respiratory
issues Spanish fishermen who took part in a clean-up operation after
the Prestige oil tanker spill in 2002 have shown symptoms of
chromosomal damage and respiratory problems, a study released
Tuesday said.

4th Amendment Violating Mobile X-Ray Scanners Hit The Streets As we


warned at the beginning of the year, X-ray body scanners currently
being used and abused in airports across the world are set to hit the
streets as American Science & Engineering reveals that “more than
500 backscatter x-ray scanners mounted in vans that can be driven
past neighboring vehicles to see their contents” have been sold to
government agencies.

Pentagon Teaches Kindergarten Kids As U.S. Schools Are Militarized For


Martial Law Conditioning This represents the process of full spectrum
dominance over our children’s minds. First the government paid the
mothers not to have husbands in the home (single parent benefits)
and now the soldiers are bringing up our kids from Kindergarten age.
This is about training Americans almost from birth that’s it’s normal to
have troops involved in routine life on a day to day basis. This is total
martial law conditioning.

Drudgereport: MORGAN STANLEY: Government Bond Defaults Inevitable...


Roubini: Growth to Be 'Well Below' 1% ...
New Home Sales Sink to Lowest Pace on Record...
POLITICO: SOME DEMS THINK HOUSE IS GONE...
INTEL CEO blasts Obama, Dems; USA faces looming tech decline...
LETTERMAN TURNS: 'He'll have plenty of time for vacations after his one
term' … [ This really is so true … wobama is so total, typical b*** s*** ] ...

Economy Caught in Depression, Not Recession: Rosenberg Positive gross


domestic product readings and other mildly hopeful signs are masking an
ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff
economist David Rosenberg said Tuesday. ‘Positive gross domestic
product readings and other mildly hopeful signs are masking an ugly truth:
The US economy is in a 1930s-style Depression, Gluskin Sheff economist
David Rosenberg said Tuesday. Writing in his daily briefing to investors,
Rosenberg said the Great Depression also had its high points, with a series
of positive GDP reports and sharp stock market gains. But then as now,
those signs of recovery were unsustainable and only provided a false
sense of stability, said Rosenberg. Rosenberg calls current economic
conditions “a depression, and not just some garden-variety recession,”
and notes that any good news both during the initial 1929-33 recession and
the one that began in 2008 triggered “euphoric response.”

Op-Ed Columnist - The Third Depression - NYTimes.com Economic Policy:


Nobel Prize-winning economist Paul Krugman says the US is in the
"early stages of a third Great Depression. The Third Depression By
PAUL KRUGMAN Published: June 27, 2010 ‘Recessions are
common; depressions are rare. As far as I can tell, there were only
two eras in economic history that were widely described as
“depressions” at the time: the years of deflation and instability that
followed the Panic of 1873 and the years of mass unemployment that
followed the financial crisis of 1929-31. Neither the Long Depression
of the 19th century nor the Great Depression of the 20th was an era
of nonstop decline — on the contrary, both included periods when
the economy grew. But these episodes of improvement were never
enough to undo the damage from the initial slump, and were
followed by relapses. We are now, I fear, in the early stages of a
third depression. It will probably look more like the Long Depression
than the much more severe Great Depression. But the cost — to the
world economy and, above all, to the millions of lives blighted by the
absence of jobs — will nonetheless be immense. And this third
depression will be primarily a failure of policy. Around the world —
most recently at last weekend’s deeply discouraging G-20 meeting —
governments are obsessing about inflation when the real threat is
deflation, preaching the need for belt-tightening when the real
problem is inadequate spending. In 2008 and 2009, it seemed as if we
might have learned from history. Unlike their predecessors, who
raised interest rates in the face of financial crisis, the current leaders
of the Federal Reserve and the European Central Bank slashed rates
and moved to support credit markets. Unlike governments of the
past, which tried to balance budgets in the face of a plunging
economy, today’s governments allowed deficits to rise. And better
policies helped the world avoid complete collapse: the recession
brought on by the financial crisis arguably ended last summer. But
future historians will tell us that this wasn’t the end of the third
depression, just as the business upturn that began in 1933 wasn’t
the end of the Great Depression. After all, unemployment —
especially long-term unemployment — remains at levels that would
have been considered catastrophic not long ago, and shows no sign
of coming down rapidly. And both the United States and Europe are
well on their way toward Japan-style deflationary traps …’

Worse than expected news on both durables and new home sales. Indeed,
in this and the prior session the ‘new homeseller stocks’ rose based
on the foisted false expectation of expected-to-better as opposed to,
among other, far worse than expected results. Yet, where / when was
the worse than expected news discounted. The fact is that it wasn’t,
as fraudulent wall street with one of those typical press the button,
computerized program trade days, rallies to try to suck the suckers
back in to keep their ‘churn and earn’ rollin’. Note the typical, almost
tauntingly gleeful mainstream non-news headline, ‘US stocks pull off
a gain; Dow ends above 10,000 (at CNBC)’ … Riiiiight! … They pulled it
off … How pathetic! Democrats move to shore up faltering economic
recovery (Washington Post) [ Wow! And all this time that’s what we
thought they were doing. Now they’re gonna’ get serious … riiiiight.
Here’s some serious for you: 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 … : an inflationary
depression.) among other economists, (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.) , and my position and that of demographer Dent (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.]

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 ).

INSIDER TRANSACTIONS (Washington Post) 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 … Sell /
Take Profits while you still can! ]

Drudgereport: MORGAN STANLEY: Government Bond Defaults Inevitable...


Roubini: Growth to Be 'Well Below' 1% ...
New Home Sales Sink to Lowest Pace on Record...
Banks back switch to renminbi for trade; Incentives to move from
dollar and euro...
DEM JOKES: PELOSI COULD DIE BEFORE NEXT YEAR
Former Republican chairman: I'm gay...
President Bush 'incredibly supportive in his cornholin’ efforts'...
Bernanke under pressure to prop it up [yeah … with the typical b***
s***]!
Jackson Hole: Speech, Speech...

Infowars.com Poll: Fed Will Push Nation Into Greatest Depression Kurt
Nimmo | Infowars.com readers believe the monetary policies of the
Federal Reserve will push the country into another depression.
Even Tony Robbins Is Warning That An Economic Collapse Is Coming It
seems like almost everyone is warning of a coming economic collapse
these days.

Why to Expect a Bipolar Market Move Next Week [Well, I don’t know about
a diagnosis of bipolar, but ‘criminally insane’; yes, that’s wall street in a
nutshell.]

Bond Bubble, Dollar Doom - Embrace The Fear Says Fisher [ Riiiiight!
Sounds like a plan … to bail out the frauds on wall street as they sell their
‘hot potatoes’ in their typical ‘musical chair’ pre-crash charade! ] ‘…
Hussman: Dollar Collapse Coming: In his latest market commentary, top
fund manager John Hussman continues to express a bearish view, and
says that more quantitative easing by the Federal Reserve is likely to
trigger “an abrupt collapse in the foreign exchange value of the U.S.
dollar”. Hussman offers something of a primer on exchange rates, and
concludes by saying this: “The policy of quantitative easing is likely to
force a large adjustment on the U.S. dollar because the Federal Reserve is
choosing to lay a heavier hand on the Treasury bond market than would
result from economic conditions alone,” he says. “The resulting shift in
interest rates and long-term inflation prospects combine to dramatically
reduce the attractiveness of the U.S. dollar. A significant and relatively
abrupt devaluation is then required, in an amount sufficient to set up
expectations of a U.S. dollar appreciation over time.” Special Offer: People
mocked Gary Shilling when he said SELL in 2006 and 2007. But he was
right and his subscribers are richer for it. Click here for Gary Shilling’s
current investment advice. As for the market, Hussman says he continues
to see unfavorable valuations, unfavorable market action, and unfavorable
economic pressures. The Fed’s new go at quantitative easing may well limit
deflationary fears, he says, which has led him to increase exposure to
precious metals and foreign currencies. Hussman also says the U.S.
should focus on restructuring debt, and offers his take on how it should do
so …’

Dow Reclaims 10,000 as Stocks Pare Losses CNBC | Stocks opened lower
for a fifth straight day Wednesday as disappointing reports on new
home sales and durable-goods orders stoked worries about the
economic recovery.

Consumers Dropping Pay TV Services Investors.com | The number of


subscribers to cable, satellite and telecom TV services in the U.S. fell
for the first time ever in the second quarter.

Plunge in Home Sales Stokes Economy Fears Wall Street Journal | U.S.
home sales plummeted in July to a level not seen in more than a
decade, spurring fears of renewed weakness in housing prices and
the broader economy.

Boehner calls for mass firing of Obama's economic team (Washington


Post) Yeah! True enough. They should be fired (watch for fake data as
a desperate reaction to the reality the fake data’s been hidin’,
revisions to fake data which hid reality, etc., ‘cause they’re really
desperate); yet where were the same calls for paulsen, bush, et als.
The truth is, they all should be fired! Every last fraudulent one of
them! All three corrupt branches of the u.s. non-government.

Frank to hold hearing on regulation of Wall St. pay (Washington Post)


[ Oooooh! Riiiiight! More hearings … sounds like a plan! You know,
max face time, no action, great politics as usual. After all, if they were
really serious, prosecutions, jail, fines, and disgorgement for the
perps would have happened. Additionally, the so-called fin regs were
powder puffs after all the huff and puff and ignore prosecution under
already existing laws. What total fraud / b*** s***! ]
Too far right (Washington Post) [ Too far right, too far left, too republican,
too democrat … Come on! Wake up! The problem is simply too
pervasively corrupt and these are distinctions without a significant
difference. For Obama, some chances ahead (Washington Post)
[ Come on! Wake up! There are no chances ahead for wobama’s
already failed presidency! He knows it, the people know it, and even
his most ardent blind supporters know it. One too many b*** s***
stories and broken (campaign) promises. Delivering a speech, albeit
teleprompted, is a far cry from delivering, which reality most have
awaken to. He seems to be incapable of even one original thought
even as the wobamas seem to take umbrage as they are dissed for
self-created lack of approbation ($500 sneakers, spain trip, fiddling
while the nation burns, etc.). What next? The race card? Even as his
(in)justice department had decided to ignore civil rights violations by
blacks and focus only on whites? No! wobama’s failed presidency is
as done as an over-cooked hard-boiled egg. Empty words just ain’t
enough! ] New Orleans visit, Iraq speech offer president opportunities
to help end a frustrating summer.]

I-Dosing: Another Excuse for Government Control Over Our Lives Kurt
Nimmo | Government claims i-dosing induces the same kind of mind-
altering effects as marijuana, cocaine, peyote, and opium.

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. ]

NASA helping in rescue of miners (Washington Post) [I truly have no


problem with and even (re)commend NASA and terrestrial
undertakings such as this, including infrastructure and budget
allocations accordingly, so long as they defacto, if not explicitly by
declaration, own up to their frauds and complicit illegal militarization
of space with the cia / pentagon lunatics. God knows america is sorely
in need of infrastructure renewal / repair.]
Launch of secret US space ship masks even more secret launch of new
weapon

The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global


Research | It’s not as if things aren’t bad enough right here on planet
earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth
orbit into another “battlespace.”

buzz aldrin wants to colonize Mars … Riiiiight buzzed! Better check with
DePalma to see if he already has the footage in the can since you
won’t be able to use the moon footage for the new boondoggle
video ...

OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO


BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN …
FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet Space.com -


Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a
lofty next goal this week for Americans in space: Visiting an asteroid
by 2025. Obama's asteroid goal: tougher, riskier than moon The
Associated Press Obama calls for NASA to focus on trips to Mars and
beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto


bankrupt budget piece of pie. And don’t forget, Bruce Willis and Ben
Affleck, et als, have already done this so it’s not as if they’re starting
from ‘ground zero’, so to speak; and Brian DePalma already has
‘Mission to Mars’ in the can, but beware say the producers of ‘Species
II’ since Eve, the cloned daughter of Sill, might want to mate with
astronaut Paddy Ross who has returned from Mars as a space alien
host body.

First fake moonwalker blasts Obama's space plan msnbc.com - Bill


Ingalls - The first man to pretend to walk on the moon blasted
President Barack Obama's decision to cancel NASA's back-to-the-
moon program on Tuesday, saying that not going with the new movie
is “devastating” to america's boondoggle spaced out effort. Fake
dutch 'moon rock' revealed a treasured piece at the dutch national
museum - a supposed moon rock from the first manned lunar landing
- is nothing more than petrified wood, ...bbc news bbc news | europe |
fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is
actually a lump of petrified wood, museum authorities revealed
yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug
27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum /
ap. This rock, supposedly brought back from the moon by american
astronauts, ... http://www.albertpeia.com/moonfraud.htm

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


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

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv

Review of John Vaillant's "The Tiger: A True Story of Vengeance and


Survival" Montgomery [Truly my kind of hero!](Washington Post
http://www.washingtonpost.com/wp-
dyn/content/article/2010/08/27/AR2010082702288.html?
hpid=features1&hpv=national Buy this book. I will! ) [Truly my kind of
hero! (As a matter of disclosure, I like all cats, big and small!) I do believe
an important point to be gleened here is how totally primative the Chinese
are which makes this current economic scenario we’re experiencing
courtesy Clinton, and particularly the bushes, ie., (captain cia ambassador
poppy) who themselves have a long documented familial history of
primative behaviors (ie., war profiteering, war crimes, etc.; the bushes are
such can’t do anything well vegetables), especially disheartening. I mean,
after all, isn’t the communist Chinese business model, simply put, probably
the most primitive one this world has ever known; viz., slave labor. I say,
boycott china products; impose tariffs, sanctions, restrictions on the
products of the primitive communist Chinese mongrels. ]

Stepped-up efforts fail to stem drug money (Washington Post) [ Come on!
Wake up! That’s american, yes american big business. The stuff that the
war in Afghanistan is made of; viz., ie., heroin, etc.. ]Stashing cash in spare
tires, engine transmissions and truckloads of baby diapers, couriers for
Mexican drug cartels are moving tens of billions of dollars in profits south
across the border each year, a river of dirty money that has overwhelmed
U.S. and Mexican customs agents.

Carlyle-owned toy supplier files for bankruptcy (Washington Post) [ What is


a bush-involved company of paper (leveraged instruments, etc.)
pushers doing with any company doing business in the u.s. or
elsewhere for that matter. The bushes are vegetables who really can’t
do anything well, except maybe, war, war crimes, fraud, illegal drug
deals (Iran contra, etc., http://albertpeia.com/CIAAgentAffidavit1.jpg ) ]
The Bush-Carlyle Connection

There’s no business like war business

By William Bowles

05/11/03: (Information Clearing House) There are so many connections


between the Bushes, the ‘Defence’ establishment, the global trade in arms,
that the mind boggles. That it barely gets a mention in the mainstream
media (except of course, to simply ‘report’ it) is a scandal of the grandest
proportions. But it only goes to show the power of big business and the
political class they have installed in both the US and the UK..

Former FBI Agent Reveals New Angle On Kennedy Assassination [bush,


typically, was involved up to his eyeballs, and ‘knuck’ (knucklehead not-to-bright
ford) the typical go along to get along. ]‘… Despite the threat and possibility of a
conspiracy to assassinate the president, the FBI and Secret Service allowed
Kennedy to travel to Dallas. “[They] should have stopped the President from
traveling instantly,” said Adams.

bush/Carlyle cont’d … (after all, John Major is employed by the Carlyle


Group and BAE Systems, the major arms supplier to the UK, is part-owned
by Carlyle). Not only the connections beggar belief but the sheer hypocrisy
of the Bush government should put it in a new category in the Guinness
Book of Records! As you’ll see from just of a few of the links to information
on Carlyle below, their tentacles extend to many of the armed conflicts
going on in the world. There’s no business like war business!

I’ve presented them in no particular order, the common denominator is the


Bush family.

"Arms Buildup Enriches Firm Staffed by Big Guns"

Defense: Ex-president and other elites are behind weapon-boosting Carlyle


Group.

By Mark Fineman, Times Staff Writer January 10 2002

Source: http://www.truthout.org/docs_01/01.11F.Arms.Carlyle.htm

"The Best Enemies Money Can Buy"


From Hitler To Saddam Hussein to Osama bin Laden - Insider Connections
and the Bush Family's Partnership with Killers of Americans

Brown Brothers, Harriman - BNL- and the Carlyle Group By Michael C.


Ruppert

Source: http://www.fromthewilderness.com/free/ww3/10_09_01_carlyle.html

"Legal Group Blasts Papa Shrub on Bin Laden Link"

Bush Sr. Could Profit From War by Geoffrey Gray October 11th, 2001,
Village Voice

Source: http://www.villagevoice.com/issues/0141/gray.php

"BUSH WATCH…BUSH MONEY"

Source: http://www.bushwatch.com/bushmoney.htm

"CHRONOLOGY: The Bushes And The Carlyle Group" Bushnews.com

Source: http://www.bushnews.com/bushcarlyle.htm

"The Bush-Carlyle Group Archive" Buzzflash

A link to a number of links on the Carlyle Group

Source: http://www.buzzflash.com/perspectives/2002/Bush-Carlyle.html

Carlyle's way Making a mint inside "the iron triangle" of defense,


government, and industry. By Dan Briody January 8, 2002 Red Herring

Source: http://www.redherring.com/vc/2002/0111/947.html

"The Carlyle Group" Spectrazine

Alfred Mendes looks at a single US investment corporation and asks some


pertinent questions about democracy, terrorism and power.

Source: http://www.spectrezine.org/global/carlyle.htm

"Crony Reform" Slate

How the access capitalists at the Carlyle Group became real businessmen.

By Daniel Gross Tuesday, April 15, 2003


Source: http://slate.msn.com/id/2081572/

"The Big Guns: The Carlyle Group and Defense Lobbying"


OpenSecrets.org

Source: http://www.opensecrets.org/alerts/v6/alertv6_52.asp

"The Carlyle Group; Elder Bush in Big G.O.P. Cast Toiling for Top Equity
Firm" by Leslie Wayne Monday, March 5, 2001, New York Times

Source: http://www.commondreams.org/headlines01/0305-03.htm

"The Pakistan-India conflict is being funded and fomented by the same


faces that brought you the war on terrorism"

A particularly evil manifestation of the arms business is the one in the on-
going low intensity war between in India and Pakistan and the Carlyle
Group’s role in it

Source: http://www.propagandamatrix.com/pakistan_india.html

"US arms group heads for Lisbon: The Carlyle Group, integrated by the
Bush and bin Laden families awarded a billion dollar contract to "rebuild
Iraq", 6 April 2003

Source: http://globalresearch.ca/articles/NEW304A.html

"Bush's Favorite Terrorist Buddy & Carlyle Group (Bush, Sr. Etc) Profits
Increasing From Afghan War"

Source: http://www.apfn.org/apfn/WTC_profits.htm

"Former President Bush Works for International Investment Firm With Ties
To Saudi Arabia" - Company Had Bin Laden Family Connections Judicial
Watch

Source: http://www.judicialwatch.org/1685.shtml

"Meet the Carlyle Group"

How will President George W. Bush personally make million$, if not billion$
from the War on Terror? The easy way. He’ll inherit it. Former World
Leaders and Washington Insiders Making Billions in the War on Terrorism

Source: http://www.angelfire.com/indie/pearly/htmls/bush-carlyle.html
"Carlyle group scandal"

Source: http://linkthing.com/screed/carlyle_group_cluster.html

WIKIPEDIA http://en.wikipedia.org/wiki/Carlyle_Group ‘The Carlyle Group


is a global private equity investment firm, based in Washington, D.C., with
more than $84.5 billion of equity capital under management, diversified
over 64 different funds as of March 31, 2009.[1] The firm operates four fund
families, focusing on leveraged buyouts, growth capital, real estate and
leveraged finance investments. The firm employs more than 890
employees, including 495 investment professionals in 20 countries with
several offices in the Americas, Europe, Asia and Australia; its portfolio
companies employ more than 415,000 people worldwide. Carlyle has over
1300 investors in 71 countries. Carlyle was ranked in 2007 as the largest
private equity firm in the world, according to a ranking called the PEI 50
based on capital under management.[2] However, the firm moved down to
second largest as of May 2010.[3] …’

New-home sales hit a 40-year low | Your take (Washington Post) [ A 40 yr


low? … At least it’s a record, say the frauds on wall street and how much
worse can it be? Much worse, says reality! Economy Caught in Depression,
Not Recession: Rosenberg / Nobel Prize-winning economist Paul
Krugman says the US is in the "early stages of a third Great Depression. ]

Fed policy is foggy as economic picture clouds (Washington Post) [ Wow!


Look to ‘no recession helicopter ben for guidance’? You’re hurting my ears
and eyes, again. Meanwhile, everyone’s waiting for buh, buh, buh, benny
and his jets to say no depression. At least we’ll be able to add certainty,
albeit the opposite of what he says. But the fact is already 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.’ ] With housing market retreating,
unemployment lingering and Fed officials in open disagreement, markets
look to Bernanke for guidance.

Economy Caught in Depression, Not Recession: Rosenberg


Op-Ed Columnist - The Third Depression - NYT Nobel Prize-winning
economist Paul Krugman says the US is in the "early stages of a
third Great Depression. The Third Depression By PAUL KRUGMAN

Peia: ‘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.’

Worse than expected news on both durables and new home sales. Indeed,
in this and the prior session the ‘new homeseller stocks’ rose based
on the foisted false expectation of expected-to-better as opposed to,
among other, far worse than expected results. Yet, where / when was
the worse than expected news discounted. The fact is that it wasn’t,
as fraudulent wall street with one of those typical press the button,
computerized program trade days, rallies to try to suck the suckers
back in to keep their ‘churn and earn’ rollin’, and the ‘pass the hot
potatoe / musical chairs confidence game’ goin’. Note the typical,
almost tauntingly gleeful mainstream non-news headline, ‘US stocks
pull off a gain; Dow ends above 10,000 (at CNBC)’ … Riiiiight! … They
pulled it off … How pathetic! 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: an inflationary depression.)
among other economists, (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.) , and my
position and that of demographer Dent (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.

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 ).

INSIDER TRANSACTIONS (Washington Post) 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 … Sell /
Take Profits while you still can! ]

Drudgereport: MORGAN STANLEY: Government Bond Defaults Inevitable...


Roubini: Growth to Be 'Well Below' 1% ...
New Home Sales Sink to Lowest Pace on Record...

Infowars.com Poll: Fed Will Push Nation Into Greatest Depression Kurt
Nimmo | Infowars.com readers believe the monetary policies of the
Federal Reserve will push the country into another depression.

Even Tony Robbins Is Warning That An Economic Collapse Is Coming It


seems like almost everyone is warning of a coming economic collapse
these days.
Why to Expect a Bipolar Market Move Next Week [Well, I don’t know about
a diagnosis of bipolar, but ‘criminally insane’; yes, that’s wall street in a
nutshell.]

Bond Bubble, Dollar Doom - Embrace The Fear Says Fisher [ Riiiiight!
Sounds like a plan … to bail out the frauds on wall street as they sell their
‘hot potatoes’ in their typical ‘musical chair’ pre-crash charade! ] ‘…
Hussman: Dollar Collapse Coming: In his latest market commentary, top
fund manager John Hussman continues to express a bearish view, and
says that more quantitative easing by the Federal Reserve is likely to
trigger “an abrupt collapse in the foreign exchange value of the U.S.
dollar”. Hussman offers something of a primer on exchange rates, and
concludes by saying this: “The policy of quantitative easing is likely to
force a large adjustment on the U.S. dollar because the Federal Reserve is
choosing to lay a heavier hand on the Treasury bond market than would
result from economic conditions alone,” he says. “The resulting shift in
interest rates and long-term inflation prospects combine to dramatically
reduce the attractiveness of the U.S. dollar. A significant and relatively
abrupt devaluation is then required, in an amount sufficient to set up
expectations of a U.S. dollar appreciation over time.” Special Offer: People
mocked Gary Shilling when he said SELL in 2006 and 2007. But he was
right and his subscribers are richer for it. Click here for Gary Shilling’s
current investment advice. As for the market, Hussman says he continues
to see unfavorable valuations, unfavorable market action, and unfavorable
economic pressures. The Fed’s new go at quantitative easing may well limit
deflationary fears, he says, which has led him to increase exposure to
precious metals and foreign currencies. Hussman also says the U.S.
should focus on restructuring debt, and offers his take on how it should do
so …’

Dow Reclaims 10,000 as Stocks Pare Losses CNBC | Stocks opened lower
for a fifth straight day Wednesday as disappointing reports on new
home sales and durable-goods orders stoked worries about the
economic recovery.

Consumers Dropping Pay TV Services Investors.com | The number of


subscribers to cable, satellite and telecom TV services in the U.S. fell
for the first time ever in the second quarter.

Plunge in Home Sales Stokes Economy Fears Wall Street Journal | U.S.
home sales plummeted in July to a level not seen in more than a
decade, spurring fears of renewed weakness in housing prices and
the broader economy.

Democrats move to shore up faltering economic recovery (Washington


Post) [ Wow! And all this time that’s what we thought they were doing.
Now they’re gonna’ get serious … riiiiight. Here’s some serious for
you: Economic indicators reflect weak recovery (Washington Post)
[Recovery? I say they’re dreamin’! So does Schiff, (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.) among other economists, (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.) , and my position and that of demographer Dent (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.
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 ).

INSIDER TRANSACTIONS (Washington Post) 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 … Sell /
Take Profits while you still can! ]

Infowars.com Poll: Fed Will Push Nation Into Greatest Depression Kurt
Nimmo | Infowars.com readers believe the monetary policies of the
Federal Reserve will push the country into another depression.

Even Tony Robbins Is Warning That An Economic Collapse Is Coming It


seems like almost everyone is warning of a coming economic collapse
these days.

Alex Jones Exposes Google’s Plan to Dominate the Internet Infowars.com |


Google’s takeover agenda will control the world wide web and force
independent media websites, radio and TV shows out of existence for
good.
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.

The Never Ending Recession Mr. Rosenberg believes we could see a


negative GDP print THIS quarter. And if he’s right that means analysts
are far too optimistic about the upcoming quarter.

Economic forecaster: ‘Greatest Depression’ coming Collapse of middle


class means there’s no fuel for recovery, Gerald Celente argues.

Second Hindenburg Omen Confirmation In As Many Days, Third H.O. Event


In One Week Longs may be forgiven if they are sweating their long
positions over the weekend: not only did we just have a second, and
far more solid Hindenburg Omen confirmation today.

Second Hindenburg Omen Confirmation In As Many Days, Third H.O. Event In


One Week

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.

Boehner calls for mass firing of Obama's economic team (Washington


Post) Yeah! True enough. They should be fired (watch for fake data as
a desperate reaction to the reality the fake data’s been hidin’,
revisions to fake data which hid reality, etc., ‘cause they’re really
desperate); yet where were the same calls for paulsen, bush, et als.
The truth is, they all should be fired! Every last fraudulent one of
them! All three corrupt branches of the u.s. non-government.

Frank to hold hearing on regulation of Wall St. pay (Washington Post)


[ Oooooh! Riiiiight! More hearings … sounds like a plan! You know,
max face time, no action, great politics as usual. After all, if they were
really serious, prosecutions, jail, fines, and disgorgement for the
perps would have happened. Additionally, the so-called fin regs were
powder puffs after all the huff and puff and ignore prosecution under
already existing laws. What total fraud / b*** s***! ]

U.S. Financial System Still "Fundamentally Corrupt," Kotlikoff Says: Here's


How to Fix It ‘We have a "fundamentally corrupt financial system" and the
Dodd-Frank reform bill did nothing to change it, says Boston University
economics professor Laurence Kotlikoff. "Relatively little has changed
except there are going to be more federal regulators who are probably
going to miss major problems." At the core of the 2008 crisis was "the
production and sale of trillions of fundamentally fraudulent securities,"
Kotlikoff says, suggesting all levels of society participated in the fraud --
including homeowners. At the center of it all were financial intermediaries
(a.k.a. Wall Street) who packaged and sold "snake oil under the guise of
proprietary information" to limit or eliminate disclosure, and enabled by
corrupt rating agencies, regulators and elected officials, he says. In the
accompanying video, Kotlikoff explains how we can "make Wall Street safe
for Main Street." In short, we should transform all financial companies with
limited liability (banks, hedge funds, private equity firms and insurance
companies alike) into mutual funds, which the professor describes as "little
banks that have 100% capital requirements. " Notably, the big mutual fund
companies survived the "financial earthquake" of 2008-09 when the rest of
the financial system collapsed, Kotlikoff recalls. In late 2009, Kotlikoff and
Harvard's Niall Ferguson penned an op-ed for The FT describing a blueprint
for how to take moral hazard out of banking. Citing a speech by Bank of
England governor Mervyn King, Kotlikoff and Ferguson called for "limited
purpose banking" (LPB), that would "limit banks to their legitimate purpose
- financial intermediation and payment facilitation." Nine months later,
Kotlikoff remains convinced this "very simple reform" remains a much
better alternative than the financial reform bill hammered out in
Washington - with plenty of influence from Wall Street lobbyists. "We are
rebuilding [the system] out of straw rather than out of brick," Kotlikoff
says, suggesting his "LPB" proposal will ultimately be good for the
economy and provide a model for the rest of the world. "If we have a safe,
sound [financial] structure other countries will follow suit," he says.’

Home sales drop to lowest level in 15 years [ Get those foreclosure sales
rollin’ say the frauds on wall street who will spin same to their market-
frothing delight! ]

Stocks Crushed AGAIN: Here's What You Need


To Know From The Business Insider All-
around ugly.

How to Get Through This Mess ‘… U.S. RECESSION NEVER ENDED; GDP
TO CONTRACT IN Q3

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!

100-Year Bonds --- Sign of Trouble?

Analyst: Dow To 5,000, Lost Decade For Stocks The Dow Jones Industrial
Average will lose about half of its value over the next couple of years
as it follows a Nikkei-like pattern of several sharp rallies in an overall
decline, according to Charles Nenner, founder and president of
Charles Nenner research.

Existing home sales plunge 27% Existing home sales fell sharply in July,
declining for a third straight month, as the effects of the expired
homebuyer tax credit continued to add turbulence to the housing
market.

Hindenburg Omen Creator Has Exited The Market As we reported first, last
week saw the second confirmation of the Hindenburg Omen, most
recently sighted for the first time on August 12. Presumably this is an
indication of putting one’s money where one’s mouth is (and away
from the market).

We’re Underperforming The Great Depression In real (inflation/deflation-


adjusted) terms, when did the US market permanently regain the high
reached in 1929? The first chart illustrates two answers to the
question. One uses the real price and the other uses the real total
return.

Top Republicans urge Obama to oust economic team Reuters | The top
Republican in the U.S. House of Representatives called on Tuesday
for President Barack Obama to fire his economic team in a campaign-
style speech meant to focus voters on the weak American economy.

Home Sales Plunge to Record Low NY Times | Sales of existing homes


plunged 27.2 percent in July, down to their lowest level since the
National Association of Realtors began keeping track over a decade
ago.

Unemployed group blasts Geithner’s handling of economy The Hill |


UCubed, a group representing unemployed and underemployed
workers, sharply criticized Treasury Secretary Timothy Geithner for
his handling of the economy.

Stocks Plunge, Double Dip Recession Fears Grow After Home Sales Report
U.S. stocks extended losses, sending the Dow Jones Industrial
Average below 10,000, and the 10-year Treasury yield fell below 2.5
percent for the first time since 2009 as a bigger-than-estimated slump
in existing home sales fueled concern the economy may relapse into
recession.

Infowars.com Poll: Fed Will Push Nation Into Greatest Depression Kurt
Nimmo | Infowars.com readers believe the monetary policies of the
Federal Reserve will push the country into another depression.

Even Tony Robbins Is Warning That An Economic Collapse Is Coming It


seems like almost everyone is warning of a coming economic collapse
these days.
Alex Jones Exposes Google’s Plan to Dominate the Internet Infowars.com |
Google’s takeover agenda will control the world wide web and force
independent media websites, radio and TV shows out of existence for
good.

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.

The Never Ending Recession Mr. Rosenberg believes we could see a


negative GDP print THIS quarter. And if he’s right that means analysts
are far too optimistic about the upcoming quarter.

Economic forecaster: ‘Greatest Depression’ coming Collapse of middle


class means there’s no fuel for recovery, Gerald Celente argues.

National / World:

Former FBI Agent Reveals New Angle On Kennedy Assassination [bush,


typically, was involved up to his eyeballs, and ‘knuck’ (knucklehead
not-to-bright ford) the typical go along to get along. ]‘… Despite the
threat and possibility of a conspiracy to assassinate the president, the
FBI and Secret Service allowed Kennedy to travel to Dallas. “[They]
should have stopped the President from traveling instantly,” said
Adams. “You thought I was kidding when I said he would be killed
from a window with a high powered rifle,” a “jubilant” Milteer” told the
informant following the murder. Adams points out that Milteer was in
Dallas on the day of the assassination and has a photograph to prove
it. In the photo, Milteer stands near the presidential limousine prior to
the shooting. Adams notes this fact was not mentioned in the Warren
Commission report. Other, more well-known personages were also
photographed in Dealy Plaza on that fateful day, in particular George
Bush Senior. The future CIA director and president was photographed
standing outside the Texas Book Depository building where it was
said Oswald single-handedly shot the president from the sixth floor.
Gerald Ford appointed Bush to head-up the agency when the House
Select Committee on Assassinations was investigating CIA-FBI links
to the murders of John F. Kennedy, Martin Luther King and Robert
Kennedy. During Gerald Ford’s funeral in 2007, the elder Bush
attacked theories straying from the official version. “After a deluded
gunman assassinated President Kennedy, our nation turned to Gerald
Ford and a select handful of others to make sense of that madness,”
said Bush. “And the conspiracy theorists can say what they will, but
the Warren Commission report will always have the final definitive say
on this tragic matter. Why? Because Jerry Ford put his name on it and
Jerry Ford’s word was always good.” After Adams told the FBI he
believed it was impossible for Oswald to have fired three shots with a
bolt-action rifle in seven-and-a-half seconds while taking aim through
a scope, he was warned by his superiors not to pursue his findings.
“Don, be careful what you say and how you say it,” an agent told him.
Mr. Adams’ assertions contribute to a huge body of evidence
revealing that Kennedy was not murdered by Oswald in the fashion
described by the government…’

Finland Suspends Swine Flu Shots After Vaccine Linked With Neurological
Disorder Paul Joseph Watson | Finland’s National Institute for Health
and Welfare (THL) has suspended the use of the H1N1 vaccine over
fears that the shot is linked with narcolepsy.

U.S. Court Rules That Government Can Secretly Track You With GPS,
Privacy is For Rich People Only Steve Watson | TIME magazine
casually admits that it is now perfectly legal in nine states for the
government to attach secret satellite tracking devices to your car and
monitor you wherever you go, without a search warrant.
CNN: Opposition to Government, Bankers is Criminal Kurt Nimmo | The
sovereign citizen movement is considered a direct and dangerous
threat by the government because it rejects out of hand its authority.

Alex Jones: Government Wants to Control Your Music Infowars.com | Alex


covers the hysteria over “i-dosing” and the ultimate plan by
government to control our minds and emotions.

Megalomaniacs Push For Orwellian “Safe” City, Controlled Internet


Biometrics R&D firm Global Rainmakers Inc. recently unveiled a plan
to place iris scanners and other tracking devices in what they toted as
the “most secure” city in the world.

Study: Oil spill cleanup workers suffered chromosome damage, respiratory


issues Spanish fishermen who took part in a clean-up operation after
the Prestige oil tanker spill in 2002 have shown symptoms of
chromosomal damage and respiratory problems, a study released
Tuesday said.

4th Amendment Violating Mobile X-Ray Scanners Hit The Streets As we


warned at the beginning of the year, X-ray body scanners currently
being used and abused in airports across the world are set to hit the
streets as American Science & Engineering reveals that “more than
500 backscatter x-ray scanners mounted in vans that can be driven
past neighboring vehicles to see their contents” have been sold to
government agencies.

Pentagon Teaches Kindergarten Kids As U.S. Schools Are Militarized For


Martial Law Conditioning This represents the process of full spectrum
dominance over our children’s minds. First the government paid the
mothers not to have husbands in the home (single parent benefits)
and now the soldiers are bringing up our kids from Kindergarten age.
This is about training Americans almost from birth that’s it’s normal to
have troops involved in routine life on a day to day basis. This is total
martial law conditioning.

Drudgereport: MORGAN STANLEY: Government Bond Defaults Inevitable...


Roubini: Growth to Be 'Well Below' 1% ...
New Home Sales Sink to Lowest Pace on Record...
POLITICO: SOME DEMS THINK HOUSE IS GONE...
INTEL CEO blasts Obama, Dems; USA faces looming tech decline...
LETTERMAN TURNS: 'He'll have plenty of time for vacations after his one
term' … [ This really is so true … wobama is so total, typical b*** s*** ] ...

Google’s Plans to Take Over The Internet Exposed! Google’s agreement


with Verizon to speed certain Internet content to users opens the door
to the complete sterilization of the world wide web as a force for
political change. Under Google’s takeover plan, the Internet will
closely resemble cable TV, independent voices will be silenced and
the entire Internet will be bought up by transnational media giants.

‘Pre-Crime’ Reaches Number 1 Google Trend Spot Matt Ryan | Steve


Watson’s incredible article about the use of pre-crime technology was
picked up by large news sites such as the Drudge Report and others.

Pre-Crime Technology To Be Used In Washington D.C. Steve Watson |


Computers predict what crime will be committed where, by who and
when.

Drudgereport: GALLUP GENDER GAP: Obama's Approval Among Men Hits


All-Time Low of 39%...
LOBOTOMY JOE BIDEN: 'We're moving in right direction'… Right lobotomy
joe, anything you say! ...
Worries about recovery deepen...
'Hindenburg Omen' creator exits stock market...
Economy in 'Depression, Not Recession'...
Dow Faces 'Bouncy Ride to 5,000'...
Typical Slow Summer -- or Something Darker?
Drop in Home Sales Renews Pricing Fears...
Investors Scatter to Safety...
Unemployed group blasts Geithner's handling of economy...
BOEHNER URGES OBAMA TO FIRE...
'Government as community organizer' has failed...
LA UNVEILS $578 MILLION SCHOOL
More Expensive Than China's Olympic Stadium!
California Delays $2.9 Billion School, County Payments Amid Budget
Impasse...
'Beat Whitey Night': Iowa racial attacks at state fair... POLICE
REPORTS...

Gasoline prices hit 8-month low (Washington Post) [ Strange days indeed.
There was a time not long ago that the same news would engender a
‘glass-half-full’ spin for a fraudulent wall street rallying point. At the
same time, higher oil prices one of those reasons for selling into the
bubble. Today, higher oil prices day to day provide a ‘glass-half-full’
spin for a fraudulent wall street rallying point that drives the oils
(stocks) higher. Yes, that’s how bad the economy really is. (Not a
reference to ‘Strange Days’ the interesting film from that impressive
oscar-winning giant (amazon) of a woman, Kathryn Bigelow, which
sported a cast that included Tom Sizemore which of itself meant
strange indeed.) ].

AIG pays back $4 billion of bailout debt (Washington Post) [ Ah, yes. How
endearing. Just goes to show that the hearts of american business are
in the right places. So touching … I’m sure I’m not alone in shrugging
with a sense that given america’s chosen intractable downward path
such as this matters little or none! ]

Obama targets IT contracts (Washington Post) [ And what goals are being
met with the protracted mid-east wars with costs exceeding a trillion
other than defacto bankruptcy of the nation and anti-american
sentiment, not to mention the diversion from the multitude of
america’s domestic problems. It seems to me that IT would be among
the last of items warranting scrutiny (360 tons of $100’s flown into Iraq
would without scrutiny go right into the treasury, etc.) , particularly
since tech, though over-rated, is probably america’s last strength
owing to a significant head start and a built- in language bias, though
quickly becoming mere assemblers / distributors of foreign-made
(components) at best.] The White House unveils plans to review 26
government information-technology projects worth a total of $30
billion as part of an effort to trim back or cancel contracts that aren't
meeting goals.

NATIONAL / WORLD

For Obama, some chances ahead (Washington Post) [ Come on! Wake up!
There are no chances ahead for wobama’s already failed presidency!
He knows it, the people know it, and even his most ardent blind
supporters know it. One too many b*** s*** stories and broken
(campaign) promises. Delivering a speech, albeit teleprompted, is a far
cry from delivering, which reality most have awaken to. He seems to
be incapable of even one original thought even as the wobamas seem
to take umbrage as they are dissed for self-created lack of
approbation ($500 sneakers, spain trip, fiddling while the nation
burns, etc.). What next? The race card? Even as his (in)justice
department had decided to ignore civil rights violations by blacks and
focus only on whites? No! wobama’s failed presidency is as done as
an over-cooked hard-boiled egg. Empty words just ain’t enough! ] New
Orleans visit, Iraq speech offer president opportunities to help end a
frustrating summer.]

Drudgereport: WASHPOST TAKES ON THE SPOOKS: Hidden world,


growing beyond control...
854,000 people have top-secret security clearance...
You really have to laud The Washington Post for this investigative
brilliance which whether people appreciate it or not, requires great
corporate and personal courage; even more so inasmuch as this is
their backyard, so to speak. Clearly, this illuminates the boondoggles
which amazingly are coming at a time when america will not be able to
handle ‘bare necessities’ much less the self-perpetuating, need-
creating, bureaucracies which I’ve previously likened to a perverse
version of ‘Field of Dreams’ where if you will commit taxpayer dollars,
they’ll find / create a war, conflict, new war, etc., to spend it on.
NSA Has Gotten So Big, Area Around It Has 112 Acres Of Parking
Spaces In yet another terrifying expose, The Washington Post
continues to lift the veil on just how massive the US government’s
spying operation has become.

The following youtube video is well worth the look and explains how
and why the frauds on wall street have gotten away with their
devastating fraud thus far. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed. (
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER
CASE... ex-Justice official quit over the handling of a voter
intimidation case against the New Black Panther Party accused his
former employer of instructing attorneys in the civil rights division to
ignore cases that involve black defendants and white victims US v.
AZ... Cases against Wall Street lag despite Holder’s vows to target
financial fraud Obama broke promises ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?


v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext
_from=PL&index=0&playnext=1. [ The Obama Deception Number 1 on
U.S. Google Trends ]

‘The Obama Deception’ Censored ‘The Obama Deception’ has been


censored In light of this development, I provide an archived site version
which appears to be complete (but will be compared with earlier version
and replaced with same if incomplete)
http://albertpeia.com/obamadeceptionhighqualityversion.flv

Then there is the well researched, produced, and informative ‘ESOTERIC


AGENDA’ which explains how we’ve gotten to this forlorn point:
http://video.google.com/videoplay?docid=-7052400717834950257#

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.’

Did Google Block “Barry Soetoro” Search Term? Screenshots obtained by


a Prison Planet reader suggest that Google may have moved to de-list
“Barry Soetoro” as a popular search term shortly after it rose to the top of
the Google Trends charts after yesterday’s effort by radio talk show host
Alex Jones to focus attention on Barack Obama’s real name.

Bombshell: Barack Obama conclusively outed as CIA creation Wayne


Madsen | Investigative journalist Wayne Madsen has discovered CIA
files that document the agency’s connections to the lives of Barack
Obama and his mother, father, grandmother, and stepfather.

Google wants in on the social networking game Sonja


Ryst [ I’ll bet they do … and as a cia/nsa front, if
you’re a sound thinker and arrange a meet with a
newfound friend thereon, be prepared for almost
anything; ie., guns with silencers, garroted from
behind, knife attacks, sudden acceleration of cars
toward you when crossing crosswalks, etc. ]This
Tweet -- "Google to launch Facebook competitor
very soon" -- unleashed a sense that the online
world as we know it was about to fundamentally
change.
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.

Google Plans To Kill Web In Internet Takeover Agenda The net-neutrality


ending deal with Verizon is just the beginning of Google’s plans to kill
the open and free Internet as part of their takeover agenda to
completely control the world wide web and force independent media
websites, radio and TV shows out of existence for good.

Obama’s pledge to close down Guantanamo is ‘not even close’ Barack


Obama’s pledge to shut down Guantanamo Bay will not be honoured
until at least a year after the President’s self-imposed deadline – and
may not be completed in his first administration.

Constitution “Silly Stuff,” Says Illinois Congressman Democratic


Congressman Phil Hare, who caused outrage earlier this year when he
told constituents who asked him about the legality of the health care
bill, “I don’t worry about the constitution,” has sparked fresh
consternation after he was caught on camera in an Illinois hotel
labeling the founding document of America “silly stuff”.

Google’s Plans to Take Over The Internet Exposed! Google’s agreement


with Verizon to speed certain Internet content to users opens the door
to the complete sterilization of the world wide web as a force for
political change. Under Google’s takeover plan, the Internet will
closely resemble cable TV, independent voices will be silenced and
the entire Internet will be bought up by transnational media giants.
‘Pre-Crime’ Reaches Number 1 Google Trend Spot Matt Ryan | Steve
Watson’s incredible article about the use of pre-crime technology was
picked up by large news sites such as the Drudge Report and others.

Pre-Crime Technology To Be Used In Washington D.C. Steve Watson |


Computers predict what crime will be committed where, by who and
when.

I-Dosing: Another Excuse for Government Control Over Our Lives Kurt
Nimmo | Government claims i-dosing induces the same kind of mind-
altering effects as marijuana, cocaine, peyote, and opium.

JFK Assassination Cover-Up Blown Sky High It is a story the corporate


media, with the notable exception of one lone Fox News affiliate,
refuses to report. A former FBI agent, Don Adams, has compelling
evidence Lee Harvey Oswald did not assassinate president John F.
Kennedy.

Senate To Sneak Through Internet Kill Switch Bill The Senate is attempting
to sneak through the infamous Internet kill switch cybersecurity bill by
attaching it to another piece of legislation that is almost guaranteed to
pass – the defense authorization bill – in an underhanded ploy to
avoid the difficult task of passing cybersecurity on its own.

Key Karzai Aide in Corruption Inquiry Is Linked to C.I.A. The aide to


President Hamid Karzai of Afghanistan at the center of a politically
sensitive corruption investigation is being paid by the Central
Intelligence Agency, according to Afghan and American officials.

WikiLeaks Release: CIA Red Cell Special Memorandum – What If


Foreigners See the United States as an ‘Exporter of Terrorism’ [Which
of course is the reality, along with israel; you do recall those israeli
operatives who were caught cheering the 911 hit, the so-called pearl
harbor event so cherished by the neo-cons.] The document states,
“This report examines the implications of what it would mean for the
US to be seen increasingly as an incubator and ‘exporter of
terrorism.’” However, it doesn’t go on to mention the U.S. state
sponsored terrorist activities of the Proactive, Preemptive Operations
Group (P2OG).

Inside Job? Iraqi govt ‘involved in deadly bombings to get US troops to


stay’ More than 40 people have been killed in a string of bombings
that have rocked Iraq. In Baghdad alone, over 20 bombs exploded in at
least 12 separate incidents. Today’s bombings are raising questions
the Iraqi government’s ability to deal with an ongoing insurgency.
Sabah Al-Mukhtar from the Arab Lawyers Association says the
bombings may actually be the Iraqi government’s way to get US
troops to stay.

“Lindsay Lohan Poisoned” Sent to the Top of Google Trends Kurt Nimmo |
Once again, Alex Jones has pushed a crucial search term to the top of
Google Trends.

Lindsay Lohan Poisoned: Get the Word Out About BPA and Other Soft Kill
Weapons Kurt Nimmo | Grab the search term “Lindsay Lohan
Poisoned” and push it up to the top of Google’s search trends chart.

Lindsay Lohan Poisoned, Along with 300 Million Other Americans.


Infowars.com | Alex highlights how SSRI prozac drugs are turning
people into psychopaths and leading to a massive increase in
suicides and other reckless behavior.

John McCain’s Attack On Liberty Chuck Baldwin | The citizens of Arizona


can do the American people — and liberty itself — a great favor this
year by giving Senator John McCain his walking papers. [First, he’s a
fraud with a long mob-connected history. Second, he’s an
incompetent mental case in the mold of ‘bolton’ et als, but all that’s
how and why they keep this compromised a** in there.]
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!

100-Year Bonds --- Sign of Trouble?

Monday in the Markets: MOJO Extremes The decline in yields is overdone,


gold is overbought, and crude oil and the euro are oversold. The Dow is not
oversold.The yield on the 10-Year US Treasury tested 2.531 on Friday
versus my quarterly risky level at 2.495. Gold tested $1239.5 last week and
today’s risky level is $1241.7. For Crude oil this week’s pivot is $73.59 with
my annual pivot at $77.05. The euro is below its 50-day simple moving
average at 1.2739 this morning. For the Dow today’s value level is 9,983
with the 50-day simple moving average at 10,303, and weekly and annual
pivots at 10.358 and 10,379. 10-Year Note – (2.612) My annual pivot is 2.813
with a weekly pivot at 2.574 and daily risky level at 2.507. My annual value
level is 2.999 with quarterly and semiannual risky levels at 2.495 and 2.249.
Note that the decline in yield is extremely overdone [charts] …
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.

Karzai: Private contractors ‘looting and stealing,’ working with terrorists


Afghan President Hamid Karzai on Sunday defended his decision to
ban private security contractors from operating in public in
Afghanistan, saying many of the organizations tasked with providing
security are engaging in terrorist activities, working with “Mafia-like”
organizations and “looting and stealing from the Afghan people.”

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.

Why “Fair Play” In A Central Bank Interventionist World Is A Doomed


Strategy Today’s special report by Faros Trading summarizes the
pathetic, uber-interventionist world we live in.

Hussman: Bernanke’s Quantitative Easing Is About To Trigger A Collapse


In The US Dollar In his latest weekly letter, John Hussman warns of an
imminent and disorderly collapse of the US dollar, courtesy of Ben
Bernanke’s move towards more quantitative easing.
Washington looks tantalizing to New York (Washington Post) [ I’m
surprised to see this ‘old news’ here since it’s widely known that the
wall street frauds, goldman et als, have garnered near vampire
legendary status by way of their infamous blood (taxpayers) / treasury
draining ways. Tantalized? I’d say consumed. ]

Federal contractors team up with tech giants (Washington Post) [ Clearly


the end of an innovative tech sector as blood-sucking, treasury
draining corporate welfare artists show them how to get something for
nothing but self-perpetuating, self-created needs that aren’t really
needed! ] For traditional government contractors, the appeal of
working with commercially successful companies such as Google or
Apple is clear.

Drudgereport: Philly requiring bloggers to pay $300 for 'license'… [ There


are a plethora of reasons to leave philly and this is just another ] ...
WHAT BUDGET CRISES? LA UNVEILS $578 MILLION SCHOOL
[ Come on! In California it’s always about the private contracts with
public money from public office holding slugs ]
Gold bullion stolen from Florida treasure museum [ I personally
believe that beyond the ‘gold-plate’, Fort Knox has already been
looted! ] ...

Wikileaks’ Assange: Pentagon may be behind rape claims Agence France-


Presse | [ This story smacks of american modus operandi as
alternative to outright murder / assassination. Enemy of the State
Lew Rockwell | It’s been clear for some time that the Pentagon would
love to put a bullet in Julian Assange’s brain. ] Wikileaks founder
Julian Assange said in an interview published on Sunday that he
believes the Pentagon could be behind a rape accusation against him
that was later dropped by Swedish prosecutors.

Gulf Oil May Not Degrade for Decades Washington’s Blog | Scientists have
found an underwater oil plume that is more than 22 miles long, more
than a mile wide and 650 feet deep.
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.

Der Spiegel: US middle class vanishing According to an article appearing


in the German newspaper, Der Spiegel, the negative consequences of
the global financial crisis include a widened social class rift and the
elimination of the middle class in the US.

Swedish Prosecutors Drop Rape Charges Against Wikileaks Founder Now


according to the AP, the rape charges against Wikileaks founder
Julian Assange have been withdrawn.

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.

U.S. examines private sector's role in affordable housing (Washington


Post) [ I’m sorry to say that in pondering the so-called policy-makers
in Washington or in the corporate boardrooms that I’m hard-pressed
to dismiss from my mind’s eye a picture of a bunch of scarecrows
fumbling around while singing refrains such as ‘if they only had a
brain’ cirque the land of the wizard of oz. The reality is that some
basic grasp of economics, finance, business would go a long way in a
more positive sense for the nation. Then there’s those infamous
internment / concentration / ‘affordable housing’ camps that’s been
filtering through the filters, so to speak.] The Obama administration is
grappling over how much to force private lenders to pay for
apartments and homes for the poor as it presses ahead with a major
overhaul of the government's housing policy, officials said.
$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!]

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...

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 …]

Chiacgo's ShoreBank fails, is bought by investors Chicago Tribune -


Chicago-based ShoreBank, which for more than three decades made
loans to South and West siders who might not have gotten financing
elsewhere to buy homes, apartment buildings and start businesses,
failed Friday. Regulators shut big Chicago-based bank BusinessWeek
Regulators shut down big Chicago bank, 7 others The Associated
Press ‘… The FDIC also seized seven other banks Friday, bringing to
118 the number of U.S. bank failures this year amid the recession and
mounting loan defaults …The FDIC also took over Community
National Bank at Bartow, in Bartow, Fla.; Independent National Bank
of Ocala, Fla.; Imperial Savings and Loan Association of Martinsville,
Va.; and four California banks: Butte Community Bank, based in
Chico; Pacific State Bank, based in Stockton; Los Padres Bank, in
Solvang; and Sonoma Valley Bank, in Sonoma. …’ Reuters -
Bloomberg - Los Angeles Times (blog) - Richmond Times Dispatch

World Indices / Week ended August 20, 2010 Yahoo Finance

BEAR MARKET MATH - JULY LOWS IN DANGER Simon Maierhofer, On


Friday August 20, 2010, 4:53 pm EDT ‘
1+1=2
2+2=4
The simplicity and accuracy of those calculations is undeniable. How about this
equation?
Fundamental Weakness + Technical Sell Signals + Overpriced Stocks = Lower
Stock Prices. This calculation also seems to be simple and accurate. Let's look at
some equations that don't make sense.
1+1=3 or Better Earnings = Higher Stock Prices Earnings season is over.
Most companies beat earnings but issued cautious forecasts. This is particularly
true of the tech (NYSEArca: XLK - News) and financial sectors (NYSEArca: XLF
- News). By large, profits are still driven by cost-cutting, not organic growth.
Retail sales, which make up about one third of the economy, continued to fall
after the second quarter ended. Additionally, the expectation that taxes will go up
might have moved some companies to pull some of next year's income into this
year. This can't be good for Q3 and Q4 profits. As the chart below shows,
positive earnings reports are not bullish for stocks, especially if future guidance is
weak.[chart]

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?

3+3=7 or Positive Analyst Estimates = Higher Stock Prices A recent


Associated Press article observed that 'analysts only seem to hit the mark with
their estimates in the strongest economic times (2003 - 2006).' Why? 'The
problem is that analysts get most of their information from the companies they
cover. Corporate managers have every incentive to stay positive for as long as
they can.' Is that true; as true as 1+1=2? On April 26, the day the S&P (SNP:
^GSPC) topped at 1,219, the Dow (DJI: ^DJI) at 11,258, the Nasdaq (Nasdaq:
^IXIC) at 2,535, Bloomberg reported the following: 'U.S. stocks cheapest since
1990 on analyst estimates.' Contrary to analyst estimates, the ETF Profit
Strategy Newsletter stated that 'the potential exists that Monday's high marked a
significant top.' Since April, the broad market (NYSEArca: TWM - News) dropped
as much as 17%. In March 2009, with the Dow below 7000 and the S&P below
700, analysts lowered their earnings forecasts from $113 in April 2008 to $40. On
March 2nd, the ETF Profit Strategy Newsletter sent out a Trend Change Alert
and recommended to buy long and leveraged long ETFs such as the Ultra
Financial (NYSEArca: UYG - News) and Ultra S&P 500 ProShares (NYSEArca:
SSO - News). If you care to know, analysts estimate that earnings for the S&P
500 will exceed their 2006 all-time high, in 2011. Based on that assumption,
stocks are cheap. How about that for flawed math?

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).

5+5=11 or Overvalued Stocks = Higher Prices As explained above, based on


overly optimistic earnings estimates, analysts believe that stocks are cheap.
Rather than basing a future outlook on estimates, it makes sense to use facts as
a foundation for any outlook. Why add an extra variable to what's already an
unpredictable market? Ask Yale Professor Robert Shiller, who's done extensive
research on the subject of valuations, and he'll tell you stocks are historically
overvalued based on the current P/E ratio. Compare today's P/E ratio with the
P/E ratio seen at major market bottoms, and you'll see that stocks are overvalued
by more than 50%. Another gauge that doesn't lie is dividend yields. A
company's dividends are a direct reflection of cash flow and financial health. The
current yield is 2.65% for the Dow and 2.05% for the S&P. Even value funds like
the iShares Russell 1000 Value (NYSEArca: IWD - News) yield only a measly
2.08%. Dividends are close to their all-time low set in 1999 (we know what
happened then). This means that companies are cash strapped or overvalued.
Looking at a long-term chart of dividend yields plotted against stock prices shows
clearly that markets don't bottom until dividends skyrocket. Just as ice doesn't
thaw unless the temperature moves above 32 degrees, the economy won't thaw
and show signs of life unless P/E ratios drop to, and dividend yields rise to, levels
seen at major market tops. The ETF Profit Strategy Newsletter includes a
detailed analysis of four valuation metrics, along with short-term target ranges for
stocks and the ultimate market bottom. Based on simple math and common
sense, the July lows are certainly in danger. But it doesn't stop there.’
DOES HISTORY REPEAT, RHYME OR JUST HAVE COINCIDENCES?
Lounsbury: ‘… Has anything of economic utility resulted? I have not found
it. And counter to the effect of the dot.com collapse, the credit bubble
collapse may not have stripped out some of the speculative income
excesses. Wall Street bonuses are back to pre-crisis levels and there has
been no "claw-back" of ill-gotten gains from the pirates who seized the
economic ship. In fact, the pirates are still in command of the ship and are
still under full sail. Yo ho ho and a bottle of rum! From my first Treasury
report:

… the problem was that our systems, especially in


finance and health care, are too heavily focused
on pay for transactions rather than pay for
outcomes. I didn’t have the presence of mind to
bring instant gratification into the discussion, but
that would have certainly made my thought
process clearer.

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] …’

Hindenburg Omen Confirmation #1 Today we got our first Hindenburg


Omen confirmation. The number of new highs was 136, and new lows
was at 69 (per the traditional WSJ source).

Greek crisis refuses to go away The European Commission has approved


the next €9bn (£7.4bn) tranche of loans for Greece but the underlying
economy continues to deteriorate as Greek banks suffer a record loss
of deposits and output contracts at a quickening pace.
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.

Grim future for young workers in ‘pensioner ghettos’ Telegraph | Parts of


Britain could become retirement ghettos within a generation with
three retired people for every four in work, a report warns.

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.

DISMANTLING BULLISH ARGUMENTS Simon Maierhofer …


Bull Market Argument #1 - Stocks are Cheap Even though the economy is in
the worst shape since the Great Depression, economists at large believe that
stocks (NYSEArca: IVV - News) are cheap … We've previously analyzed the folly
of relying on projected earnings forecasts and therefore, will only pose two more
facts as food for thought before moving onto the next argument. Even if earnings
are positive the market can decline, as we've seen with the 9% and 17% declines
in January and May. Most of the earnings growth has been fueled by cost-
cutting, not organic growth. What does that tell us about the sustainability of
growth?
Bull Market Argument #2 - Cash on the Sidelines Cash on the sideline is
viewed as bullish because, theoretically, it can be used to buy stocks and drive
up prices. Some distinguish between corporate cash and retail cash on the
sidelines. Many forget that for every dollar in cash, there is a debt that has to be
repaid. According to the Federal Reserve, nonfinancial firms' debt totals $7.2
trillion, the highest level ever. As far as retail investors go, the current debt-
income ratio is at 126%. The pre-bubble average was around 70%. To get back
to the pre-bubble norm, about $6 trillion worth of debt would have to be
eliminated. Retail money in money market funds is currently around the same
level as it was in 2006/2007. Is that bullish?
Debunking the Bond Myth No doubt there's been a migration from investment
dollars out of stocks and into bonds and gold… Bonds - especially corporate high
yield bonds - could soon assume the role real estate had in 2006. Many thought
that real estate (NYSEArca: IYR - News) will always go up. As it turns out, real
estate prices can move in both directions, as can bond prices.
A Closer Look at Gold What about gold? … The previous cash level low was
recorded in August of 2007. We know what happened then. Rather than focusing
on the sideline cash, perhaps we should focus on the trillions of dollars still in the
market. More selling means lower prices.
'Stocks are Cheap' vs. Realistic Valuations Using projected earnings to
determine the markets real value is like counting chickens that have yet to hatch.
Things change, and as studies have shown, analysts and economist are usually
the last to discern that change. Market forecasting based on solid facts is tricky
enough, but basing forecasts on thin assumptions usually translates into financial
suicide… Stock market tops when P/E ratios are high, dividend yields are low
and mutual fund cash reserves are low. Over the past year, we have seen P/E
ratios at an all-time high, dividend yields close to their 1999 low, and mutual fund
cash levels at an all-time low. In addition, we have also seen investor optimism
soar to levels reminiscent of 2000 and 2007…

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.

Western Economies Face Hyperinflation: Gold Bull The decline of the


Western economic model will bring about hyperinflation and decades
of painful readjustment, Egon von Greyerz, founder of gold
investment intermediary Goldswitzerland.com told CNBC Thursday.

US Prepares For Gold Standard To understand this objective it helps to go


back to a very important moment in our monetary past…

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.

Drudgereport: NEW LOW FOR O: GALLUP DAILY SHOWS OBAMA 41%


APPROVE, 52% DIS...
'Allahu Akbar!' Iran test fires new missile...
'Al-Qaida prepares for Israel-Iran war'...
US Assures Israel Nuclear Iran Isn't Imminent...
Israel tells UN it will stop new Gaza aid flotilla...
Lebanon refuses to bow to warning...
CHICAGOLAND: ShoreBank Closed by FDIC...
...strong ties to Obama administration
USA DEBT: $13,310,379,000,000.00
$44,000 PER CITIZEN...
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...

$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!]

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.

Federal Reserve's shift in policy doesn't change its basic outlook


(Washington Post) / And what outlook is that? The no-recession
initially touted by bernanke or ‘envy of all the world’ touted by senile
greenspun? How ‘bout reality:

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

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.
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?

Deceptive Economic Statistics: While the economists lied the US economy


died Paul Craig Roberts | The bought-and-paid-for-economists got all
the media forums for a decade. While they lied, the US economy died.

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…’

Know Your Indicators: Hindenburg Omen ‘…Below we outline the five


criteria (taken from Zero Hedge) that need to be satisfied in order for the
indicator to be triggered. They are:

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.

The Reality of Denial

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:

Don't Worry About Bank Failures

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).

Don't Worry About Falling Real Estate

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.

Don't Worry About Foreclosures

According to RealtyTrac, more than 1 million American households are likely to


lose their homes to foreclosure this year. This is about 10 times as high as during
an average year. 25% of the U.S. household sector has a sub-600 FICO score.
Yet, Fannie Mae is offering financing to first-time buyers who only have a $1,000
down-payment. Nearly $150 billion have been spent to keep the doors of Fannie,
Freddie and company open. Does it make sense to artificially extend the life of a
patient destined to die? In the case of Fannie, politicians seem to think that
lending more money and ultimately creating more toxic assets will solve the
problems. Even a third grader understands the irony of that concept. Denial is
alive and well.

Don't Worry About Bankrupt States

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.

Don't Worry About Falling Prices

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]

Don't Worry About Death Crosses

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:

1. The Government data used to validate the recovery (GPD,


unemployment, etc) is clearly massaged if not bordering on
outright propaganda

2. We are in fact in a depression and the “recovery” was


simply a bounce in economic activity taking place within the
context of a larger economy contraction

Regarding #1, every Government data point used in promoting the


“recovery” had some degree of fudging in it. Let’s consider GDP for
instance.
There are numerous devious tactics used to overstate GDP growth,
however, the most obvious gimmick the BLS uses is overstating GPD
growth in the present and then revising it lower in the subsequent
quarters.’
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:…’

Deceptive Economic Statistics: While the economists lied the US economy


died Paul Craig Roberts | The bought-and-paid-for-economists got all the
media forums for a decade. While they lied, the US economy died.

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.
Chossudovsky: China could already be world’s largest economy It’s
widely predicted that China’s economy will be the largest in the world
by 2020, overtaking the U.S. Only this week the country surpassed
Japan to become the world’s second biggest economy by GDP.

Greek Bonds Slump As Austerity Backfires, Country Enters “Death Spiral”,


And The Violent End Game Approaches Those patiently following the
Greek Bond-Bund spread to its inevitable conclusion have been fully
aware that the plan that Europe is betting its entire future on, is
patently flawed: namely that austerity, by its definition does not, and
will not work.

Malaysian Province Moves To Gold And Silver-Based Currency In “Main


Islamic Event Of The Last 100 Years” More world governments are
“just saying no” to the ponzi. Last week, the Malaysian government of
Kelantan “said it was introducing a new monetary system featuring
standardised gold and silver coins based on the traditional dinar and
dirham coins once used by the Ottoman Empire.”

Analysts Foresee $1,300 Gold By Year-End Worries about a fragile U.S.


economy are likely to keep investors shifting toward gold and could
push the metal to fresh record highs near the $1,300 area by year-end,
analysts and traders say.

Kicked In The Groin: Health Insurance Companies Are Dramatically


Increasing Premiums Due To The New Health Care Law And There Is
Not Much We Can Do About It Wasn’t the new health care reform law
supposed to make health care more affordable for everyone? Well,
imagine my surprise when I opened up a letter from my health
insurance company recently and found out that my health insurance
premiums were going up by nearly 50 percent.

geithner: Fannie, Freddie in need of overhaul (Washington Post) Now this


is an understatement from tiny tim, God bless us everyone. I think tiny
tim’s more concerned with public perception over their haul of
taxpayer dollars.

Manufacturing, housing sectors exhibit diverging fortunes (Washington


Post) I’d say understatement but I truly don’t know what this headline
means juxtaposed with ‘fortunes’.

Are You Ready For How Bad It Will Get? Graham Summers | There are
numerous components in the latest GDP number that are extremely
suspect.

China Slashes U.S. Government Bond Holdings By The Largest Amount


Ever China began reducing its holdings of U.S. government bonds
again in June, and in fact cut just its holdings by the largest 1-month
amount ever.

18 Signs That America Is Rotting Right In Front Of Our Eyes Sometimes it


isn’t necessary to quote facts and figures about government debt,
unemployment and the trade deficit in order to convey how badly
America is decaying.

Goldman Sachs Could be Largely Unaffected by ‘Financial Overhaul’ As


Wall Street scrambles to find the best and most profitable way to
operate under the new financial reform law, Goldman Sachs Group
Inc. — the firm that was expected to suffer the most under the
legislation — could emerge practically unscathed.

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.

Provocateurs Spray-paint “Infowars.com” on Private Property in


Pennsylvania Kurt Nimmo | Fox News station in Pennsylvania
insinuates Infowars.com behind incident.

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.

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...
Death of the 'McMansion': Era of Huge Homes Is Over...
Bankruptcies Reach Nearly 5-Year High...
REPORT: China targets U.S. troops with arms buildup...
Military power growing...
Pentagon warning...
Risky game on the high seas...
How long can America fend off the dragon?
'Without a revolution, Americans are history'...
From Good to Mediocre ‘Through last Friday, 2,127 US companies had
reported quarterly numbers this earnings season. What started out as a
strong earnings season is going out with a whimper (earnings season ends
tomorrow with Wal-Mart's report)…’

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.

Without a Revolution, Americans Are History The United States is running


out of time to get its budget and trade deficits under control. Despite
the urgency of the situation, 2010 has been wasted in hype about a
non-existent recovery. As recently as August 2 Treasury Secretary
Timothy F. Geithner penned a New York Times column, “Welcome to
the Recovery.”

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.

High Probability for Lower Market Prices Ahead ‘…Economic numbers


being what they are (very poor), we should expect a downward revision of
second quarter GDP to 1.5% from the originally disappointing number of
2.4%. As more data is being released it is apparent that we are witnessing
even further deterioration here in the third quarter…We may have reached
a tipping point where many are tired of others being the benefactors of
taxpayer money …’

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.

Obama Says Private Accounts Would Endanger U.S. Social Security


Benefits President Barack Obama said Republican proposals to have
people invest Social Security benefits in private accounts would
increase the U.S. budget deficit and put retirement money at risk to
“the whims of Wall Street traders.”

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.

Will Quantitative Easing By The Federal Reserve Unleash Economic Hell?


The Economic Collapse | Most of the folks populating Congress are so
incompetent that they should not even be hired to mop the floors of a Dairy
Queen.

China surpasses Japan as world's No. 2 economy (Washington Post) [ As


if we didn’t see that coming! ]
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.

The Hidden Tragedy of the CIA’s Experiments on Children Shortly after


deciding to initiate her own LSD experiments on children, Bender
attended a conference sponsored by a CIA front group, the Josiah
Macy Foundation.

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.

Will Quantitative Easing By The Federal Reserve Unleash Economic Hell?


The Economic Collapse | Most of the folks populating Congress are so
incompetent that they should not even be hired to mop the floors of a
Dairy Queen.

Drudgereport: O FALLS TO NEW LOW AT GALLUP DAILY...


China overtakes Japan as No. 2 economy...
China Favoring Euros Over Dollars...
'Without a revolution, Americans are history'...
NEWSWEEK: World's Best Country: Finland [USA #11]...
House to cut food stamps to fund Mrs. Obama's 'let's move' initiative...
Banks to benefit most from White House effort to fight foreclosures...
Petraeus: 'We're doing everything we can' …[Sounds like a plan!]...
Builds Case for 'Success' in Afghanistan …[If only words could make
it so!]...
Karzai asks Obama for review of war...
Foreign troops deaths pass 2,000...
MYSTERY: West Wing of White House covered in tarp...
Harvard University fund sells all israel holdings... … UPDATE: Harvard
insists israeli shares sale not driven by boycott...
GOOGLEVERIZON Deal: Fears for Privacy...

HOW TO BEAR MARKET PROOF YOUR PORFOLIO Simon Maierhofer, On


Friday August 13, 2010, ‘… The 22 trading days following the April 26
market highs erased eight months worth of gains. Bear markets move
much quicker than bull markets.

Rule #1: Better too Early than too Late

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.

Rule #2: Don't Trust Wall Street and the Media

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 19, 2010 'America is back - The remarkable tale of an economic


turnaround' – Newsweek
'Recovery tilting to V-shape as profits prompts growth revision' -
Bloomberg
April 25, 2010: 'U.S. stocks cheapest since 1990 on analyst estimates' –
Bloomberg
'Technical Analysts see room to roll' - Wall Street Journal

April 27, 2010 'Greece contagion fears unfounded' - Reuters

May 3, 2010: 'Manufacturing in U.S. grows at fastest pace since 2004 as


recovery gains traction' - Bloomberg

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.'

Rule #3: Don't Underestimate Cash

In a period of falling prices, cash or cash equivalents like short term


Treasuries (NYSEArca: SHY - News) maintain your purchasing power -
long-term Treasuries (NYSEArca: TLT - News) are interest rate sensitive
and may move faster than you think. When stocks fall and you are able to
maintain your purchasing power, you are able to buy stocks at a discount.
In essence, cash offers a positive return in periods of falling prices.
Additionally, or alternatively, investors may choose to buy short or
leveraged short ETFs such as the Short S&P 500 ProShares
(NYSEArca: SH - News), UltraShort Russell 2000 ProShares
(NYSEArca: TWM - News) UltraShort S&P 500 ProShares
(NYSEArca: SDS - News), Short Financial ProShares (NYSEArca: SEF -
News), Direxion Daily Financial Bear 3x Shares (NYSEArca: FAZ - News)
and many more.

Rule #4: Don't Procrastinate

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.

Rule #5: Know who to Trust

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.

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.

Economy Teeters On The Brink and Market Manipulation Continues


Bob Chapman | It’s just the same old, same old, business as usual in
America.

The Fed’s New Round of Quantitative Easing Is Like Trying to Patch


Leaking Pipes by Pumping in More Water Washington’s Blog | The
government hasn’t even tried to replace the leaking sections of pipe in
our economy.

Is this finally the economic collapse? Fortune | Should we bite the


bullet and accept that current economic policy dictates 0% returns-on-
savings, even as Washington continues to lever-up our future to the
point of economic collapse?

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.
Regulators consider toughening overdraft rules even more (Washington
Post) Wow! They’re tough … when talking millions instead of the
hundreds of billions of taxpayer funds they’ve frittered away. You
can’t make this stuff up!

Barclays Bank agrees to forfeit $298 million to authorities (Washington


Post) Well, they haven’t gotten to the point just yet where it’s just not
worth doing business in america, but they’re workin’ on it and getting’
there!

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.

Makeup of Obama's housing reform panel draws ire (Washington Post)


[Wow! Talk about late to the party! I mean … a conference? It’s not as
if this was some new or novel problem coming down the pike. Then
there’s the everything but the core issue / problem approach that
seems recurringly fashionable.] Advocates say that the administration
is excluding consumer and community groups from playing
prominent roles in a government-sponsored conference next week
that will kick off efforts to overhaul national housing policy.

Warnings: Social Security at risk (Washington Post) [ Not this again! It


bears repeating, that was always a bad idea and there was a plethora of
reasons set forth on my site as to why the social security privatization plan
being shilled by moron war criminal dumbya bush on behalf of the wall
street frauds was an exceedingly bad idea. Indeed, as defacto insolvent as
america / the social security system is, the nation and system would have
been wiped out by privatization debacle. Talk about too big to, but still
failed. It was a bad idea then, and though accusations may fly as to fear
mongering, the reality of the venality attendant to such a preposterous
course on behalf of the wall street frauds requires vigilance, scrutiny, and
discourse concerning even the remote possibility of such a fool-hearty
betrayal of the citizenry of the nation. As such, as off the mark as wobama
has almost invariably been, he’s on the mark on this. ]ANALYSIS | Obama
says GOP wants to privatize program, but liberals see a different threat.

Foreclosures surge 9 percent in July (Washington Post) Those glass-half-


full frauds on wall street along with the administration will be cheering this
unequivocally bad news with a dubious retort as ‘used home sales will rise’
… riiiight! Anything you say …

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.

AP Business Highlights ‘Jobs picture dims as unemployment claims rise


WASHINGTON (AP) -- The economy is looking bleaker as new applications
for jobless benefits rose last week to the highest level in almost six
months. It's a sign that hiring remains weak and employers may be going
back to cutting their staffs. Analysts say the increase suggests companies
won't be adding enough workers in August to lower the 9.5 percent
unemployment rate. First-time claims for jobless benefits edged up by
2,000 to a seasonally adjusted 484,000, the Labor Department said
Thursday. That's the highest total since February. Analysts had expected
claims to fall…’

Bearish Sentiment Falls to 14-Week Low [Talk about contrarian indicators!]


AAII – ‘Bullish sentiment rose 9.4 percentage points to 39.8% in the latest
AAII Sentiment Survey. Despite the size of the increase, the proportion of
individual investors expecting stock prices to rise over the next six months
is only at a two-week high. The historical average is 39%. Neutral
sentiment, expectations that stock prices will stay essentially flat over the
next six months, fell 1.3 percentage points to 30.1%. The historical average
is 31%. Bearish sentiment, expectations that stock prices will fall, dropped
8.1 percentage points to 30.1%. This is a 14-week low. The historical
average is 30%. The survey period, Thursday through Wednesday, needs to
be taken into consideration when looking at these results. Stock prices
were essentially flat through most of this week's survey period (with the
obvious exception of yesterday), giving some investors hope that a short-
term bottom had been established. Though there were big changes in
bullish and bearish sentiment, both optimism and pessimism are close to
their historical averages. As a result, I would argue that individual
investors' confidence in the market remains fragile…’

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.
U.S. trade deficit startles markets (Washington Post) [ Unexpectedly? I
don’t think so! And, I have my site, other references / links and posts to
prove it; and, what’s more, I’m not alone. After all, what are NAFTAs for
anyway. However, I also must candidly admit I don’t frequent the
mainstream blather / propaganda that includes the ‘money-honeys’ (when
the messenger’s more important than the message, problems and
distortions are bound to follow) and their ilk, etc.. NBR’s about it and even
they have their pressures (I don’t consider the Washington Post
mainstream in the pejorative sense of the word, with a rich journalistic
history to back that up, all things considered) ]. Unexpectedly bad news
from three continents reinforces fears that global recovery is faltering.

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.]
ACCORDING TO TECHNICAL INDICATORS, MELTDOWN IS POSSIBLE
Simon Maierhofer A SOLID TRACK RECORD An analysis of the SMA
crossover buy/sell signals triggered for the S&P over the past 10 days
shows that six of the eight signals (75%) were correct. ..LAGGING BUT
ACCURATE Many dismiss the 200-day or other SMAs as lagging indicators.
Although an indicator may be lagging it doesn't mean it's incorrect or
should be dismissed… Even though a lagging indicator, the rain does
confirm that a storm is coming. A PRO-ACTIVE APPROACH You'd expect
Wall Street and the financial media to be the financial weather man and
warn you of upcoming storms. Unfortunately, that is not so. Leading up to
the April 2010 recovery highs, Wall Street and the media proclaimed the
skies are clear, 'sunny throughout the year' was their weather forecast.
Only after investors got drenched, did Wall Street recommend pulling out
the umbrella. Sure enough, as soon as the umbrellas came out, stocks
switched into rally mode and the sky cleared up. Unlike Wall Street, the ETF
Profit Strategy Newsletter warned of the brewing storm while it was still
sunny. On April 16, the newsletter warned that 'historically, there has rarely
been a more pronounced sell signal ... When consumers spend, they do so
with credit cards. Visa and Master Card both got hit with a death cross. It's
just a matter of time until the discretionary sector follows. WAIT, THERE IS
MORE …High copper prices are reflective of high demand and a humming
economy. Lower copper prices signal trouble ahead. On June 22, an
ominous death cross visited copper's chart. PUTTING THE ODDS IN YOUR
FAVOR Investing is a game of probabilities. While you always want to have
the odds in your favor, you never want to bet against the odds. Right now,
the odds are piling up on the bearish side of the ledger. Even though Wall
Street is saying that the sky has cleared up, 'meteorologists' with a better
track record are warning of the storm ahead. In fact, there is one rare chart
formation that strongly suggests the onset of a 2008-like decline, a
development that's certainly supported by the number of death crosses
spanning a variety of markets. The August issue of the ETF Profit Strategy
Newsletter includes a detailed short, mid and long-term forecast, along
with the one chart that tells the market's story and true bearish potential.

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.

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.

San Francisco Fed: “A Recessionary Relapse Is A Significant Possibility


Sometime In The Next Two Years” [ Picture the fed as a pseudo ninja
with fancy foreplay / motions getting decked / ‘koed’ with a simple
right-hook to the jaw by the antagonist named reality. All this
finagling, manipulation, fiat currency over-printing, and nation
bankrupting debt, and … nothing / nada / ‘growth ‘ estimates revised
downward, unemployment unabated since economic reality figures
somewhat in hiring to say the least, and jobs transferred overseas
ain’t comin’ back. Quite simply, this is a depression no matter what
they call it! ] Presented without commentary, suffice to say that idiots
who look at the LEI and factor for the curve inversion subindicator
deserve all they get.

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.

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...
Claims of Afghan civilian deaths spark protest...
Military sees heavier fighting in fall...
PAPER: 10 reasons why Obama presidency is in meltdown...
GALLUP: Even the Poor Are Abandoning Obama; Approval Under 50%...
Obama abolishes White House position dedicated to transparency...
Michelle Obama popularity falls...
UPDATE: Suspected serial killer arrested in Atlanta...
Attempting to flee to israel … to be with kindred spirits ...
MOB RUSH FOR FED AID DRAWS RIOT POLICE
DOW drops 265...
Feds rethink policies that encourage home ownership...
Obama: $3 Billion More in Aid for Unemployed...
US posts widest trade gap in 20 months...
Q2 GDP Growth Could Be Revised To Just 1% After Trade Data...
PUMP: FED TO BUY MORE DEBT...
DOWNGRADES OUTLOOK...
US-backed fighters in Iraq defect to al-Qaida... [Winning hearts and minds … for
Al Qaida … just one too many civilian deaths for no good reason at all ]
BACK TO SPEND SOME MORE!
Republicans Suggest Names for 'Second Stimulus' Bill...
'Where do the bailouts end?' [I feel compelled to comment here that even
capital hill math would be hard-pressed to justify $26 billion taxpayer /
treasury dollars they don’t really have, to save 300,000 state / local
government jobs! After all, the nation is defacto bankrupt! ]

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.

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.

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.

Ambac says it's working on bankruptcy filing MBIA Inc. reports a


quarterly profit, while rival bond insurer Ambac Financial Group
posts a loss....

Food Inflation Coming To A Household Near You, As Wal-Mart Hikes Prices


At Fastest Pace Since Early January Nothing to see here, except yet
another sign of the food inflation that’s the story of the moment.

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.

Fed set to downgrade outlook for US Financial Times | The Federal


Reserve is set to downgrade its assessment of US economic
prospects.

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

When perusing the headlines and the following, I immediately thought


‘between Iraq and a hard place (Afghanistan and america’s defacto
bankruptcy)’:
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.

Impoverished U.S. City Will Close Libraries Mob infested, pervasively


corrupt jersey’s most impoverished city will close all three branches
of its public library at year’s end unless a rescue can be pulled off.
Camden’s library board says the libraries won’t be able to afford to
stay open past Dec. 31 because of budget cuts from the city
government. The city had its subsidy from the state cut.

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.

IRS To Withhold Indicator That Shows Refunds Owed To Taxpayers Think


of all the budget savings from the ever increasing lack of
transparency.

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.’

Were Unemployment Claims Really So 'Unexpected'?

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.

Journalists Still Hiding Obama’s Broken Promises on Jobs On Aug. 6,


everyone’s attention will be fixed on the release of July’s
unemployment numbers. The national unemployment rate is forecast
to increase to 9.6 percent, according to Bloomberg News’ survey.

Gold Alternative To Debt and Market Manipulation The Keynesians are on


the edge of implementing more quantitative easing (QE) as we
predicted they would.

11 Reasons Why The Federal Reserve Is Bad Millions of Americans are


waking up to the fact that the Federal Reserve is bad, but very few of
them can coherently explain why this is true.

WE’RE UNDERESTIMATING THE BEARISH POTENTIAL Simon Maierhofer,


August 3, 2010
’… Will Anything Stop the Market? Something Did
… At the same time, the April numbers were lowered the second time by an
additional 24,000 units, while May sales were revised lower by 33,000 units.
To summarize, April and May sales were reduced by 57,000 units.
Therefore, June sales were 24% above May sales. By the way, May sales
were the lowest on record…
Treasury Secretary Timothy Geithner: Unemployment Could Go Up Before
It Comes Down [Ooooh! Sounds like a plan ‘tiny tim’! … God bless us
everyone! ] Treasury Secretary Timothy Geithner acknowledged that it
is still a “tough economy” for most Americans, and warned it’s
possible the unemployment rate will go up for a couple of months
before it comes down as more people enter the labor force.

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.

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?)

Temporary Firehouse Closures Begin In Philadelphia CBS 3 | The city of


Philadelphia has started temporarily closing fire stations in order to
balance its budget.

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’!

They’re losing their minds in china:


Silicon Alley Insider: ‘… The first big economic news of the week was
the Chinese PMI which indicated that Chinese manufacturing was
inching ever closer to contraction. But contrary to the expectations of
some, it did not spook investors. In fact, Asia had a very big night,
with Shanghai gaining about 1.3% …’;

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!

This is an especially great opportunity to sell / take profits since there is


much worse to come!

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 …

2. BULLISH FLAG ON THE VIX? We can’t have a massive spike in volatility


without a coinciding collapse in the equity markets …

3. THE DEATH-CROSS ON THE S&P SUGGESTS THE 2009 TO 2010 RALLY


MIGHT BE OVER

4. THE VOLUMELESS RALLY & MUTUAL FUND OUTFLOWS



5. 1,000 POINT FLASH CRASHES

6. BOND MARKET DISTRUSTFUL OF THE RALLY


7. MARKET LEADERSHIP IS WEAKENING


[chart] … ‘

INSIDER TRANSACTIONS (Washington Post) 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.

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

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.

alan greenspan: “The Financial System Is Broke” We will be in deflation


until the broke financial system becomes unbroke… and then we will
have hyperinflation. [Little bit late to be talkin’ the obvious truth!]

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.

Foreclosures Continue To Dramatically Increase In 2010 Economic Collapse


| RealtyTrac says that unemployment has become the major reason
for foreclosures. In a very alarming sign for the U.S. economy,
foreclosures have continued to dramatically increase in 2010. But
there has been a shift.

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.

Stocks' Late Push: Some Optimism, Some Pessimism [Late push … as in a


constipated bowel movement … Come on! Another one of those push 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. ].

Slowing economic rebound raises unemployment fears (AP) [Wow! Talk


about understatements!]

China Becomes Second Biggest World Economy China has overtaken


Japan to become the world’s second-largest economy, the fruit of
three decades of rapid growth that has lifted hundreds of millions of
people out of poverty.

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.

Cash-starved California orders unpaid leave for workers California


Governor Arnold Schwarzenegger declared a fiscal state of
emergency Wednesday, requiring most state employees to take three
days of unpaid leave per month until a new budget is enacted.

The Obama Administration Tries To Propagandize Its Way To An Economic


Recovery Yesterday we noted how, absurdly, The White House blog
was trumpeting a new cheap housing program as part of its recovery
efforts.

Fed says some districts report slowing economy (Reuters)

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.

Regulatory Magic President Obama has signed the financial industry


regulatory overhaul — officially, the Dodd-Frank Wall Street Reform
and Consumer Protection Act. Predictably, what he said about it
cannot possibly be true.

Jim Rogers Calls CNBC A Market PR Agency Whose Sole Purpose Is To


Make Stocks Go Higher A “cheeky” Jim Rogers appeared earlier on
CNBC Europe (which incidentally is orders of magnitude better than
its US equivalent), and confirmed the depths to which the once
relevant and informative TV station has now fallen.

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.

Smoking Guns of U.S. Treasury Monetization Kitco | A significant feature of


fiat money systems is the privilege for the custodian of the reserve
currency to engage in regular practices of ham-fisted monetary
management.
Banking Disaster Largely Ignored By Mainstream Media Greg Hunter | It is
amazing to me how little time the mainstream media is spending on
this unfolding financial disaster and how much time it is devoting to
things like Mel Gibson’s domestic problems.

Moody's: Regional banks on review for downgrade (AP)

Consumer confidence dims (Reuters) Job worries drove July U.S.


consumer confidence to its lowest since February, with one in six people
expecting lower income in the next six months, underscoring the
precarious state of econo...

Global steelmakers paint gloomy picture (Reuters)

State budget gaps total $84 billion: study

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.

China Calls Our Bluff: “The US is Insolvent and Faces Bankruptcy as a


Pure Debtor Nation but [U.S.] Rating Agencies Still Give it High
Rankings” America’s biggest creditor – China – has called our bluff.

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 …

On the Disconnect Between the Market and the Economy Michael


Shulman:
• The index of leading economic indicators fell 0.2% in June, the
second drop in three months. A negative surprise.

• Unemployment claims rose to 464,000, more than expected.

• Uncle Ben said we are facing a period of “unusual uncertainty.” No


kidding.

• Uncle Ben said we need continuing stimulus to a Congress unwilling


to stimulate anyone or anything other than lobbyists with cash to
contribute.

• Home sales fell 5.1% in June…’

(No recession helicopter ben) Bernanke Admits Major Policy Failures;


Stocks Soar Darryl Montgomery What's wrong with this picture? In his bi-
annual testimony before Congress yesterday, Fed Chair Ben Bernanke
admitted that after more than a year and a half of zero interest rates and $3
trillion in federal deficit spending since 2008, the best case scenario for the
U.S. economy is slow growth and high unemployment. The S&P 500 is up
2.5% so far this morning on this 'good' news. Bernanke's congressional
testimony included the following statements (emphasis added by me):

"Most [FOMC] participants viewed uncertainty


about the outlook for growth and unemployment
as greater than normal, and the majority saw [at
the June Fed meeting] the risks to growth as
weighted to the downside."

"Financial conditions--though much improved


since the depth of the financial crisis--have
become less supportive of economic growth in
recent months."

"Many banks continue to have a large volume of


troubled loans on their books, and bank lending
standards remain tight. With credit demand weak
and with banks writing down problem credits,
bank loans outstanding have continued to
contract."

"After two years of job losses, private payrolls


expanded at an average of about 100,000 per
month during the first half of this year, a pace
insufficient to reduce the unemployment rate
materially. In all likelihood, a significant amount of
time will be required to restore the nearly 8-1/2
million jobs that were lost over 2008 and 2009."…

Serious Analysis has given rise to a realistically mocking view of the


current fraud on wall street:

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

For Obama, some chances ahead (Washington Post) [ Come on! Wake up!
There are no chances ahead for wobama’s already failed presidency!
He knows it, the people know it, and even his most ardent blind
supporters know it. One too many b*** s*** stories and broken
(campaign) promises. Delivering a speech, albeit teleprompted, is a far
cry from delivering, which reality most have awaken to. He seems to
be incapable of even one original thought even as the wobamas seem
to take umbrage as they are dissed for self-created lack of
approbation ($500 sneakers, spain trip, fiddling while the nation
burns, etc.). What next? The race card? Even as his (in)justice
department had decided to ignore civil rights violations by blacks and
focus only on whites? No! wobama’s failed presidency is as done as
an over-cooked hard-boiled egg. Empty words just ain’t enough! ] New
Orleans visit, Iraq speech offer president opportunities to help end a
frustrating summer.

Drudgereport: WASHPOST TAKES ON THE SPOOKS: Hidden world,


growing beyond control...
854,000 people have top-secret security clearance...
You really have to laud The Washington Post for this investigative
brilliance which whether people appreciate it or not, requires great
corporate and personal courage; even more so inasmuch as this is
their backyard, so to speak. Clearly, this illuminates the boondoggles
which amazingly are coming at a time when america will not be able to
handle ‘bare necessities’ much less the self-perpetuating, need-
creating, bureaucracies which I’ve previously likened to a perverse
version of ‘Field of Dreams’ where if you will commit taxpayer dollars,
they’ll find / create a war, conflict, new war, etc., to spend it on.
NSA Has Gotten So Big, Area Around It Has 112 Acres Of Parking
Spaces In yet another terrifying expose, The Washington Post
continues to lift the veil on just how massive the US government’s
spying operation has become.

The following youtube video is well worth the look and explains how
and why the frauds on wall street have gotten away with their
devastating fraud thus far. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed. (
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER
CASE... ex-Justice official quit over the handling of a voter
intimidation case against the New Black Panther Party accused his
former employer of instructing attorneys in the civil rights division to
ignore cases that involve black defendants and white victims US v.
AZ... Cases against Wall Street lag despite Holder’s vows to target
financial fraud Obama broke promises ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?


v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext
_from=PL&index=0&playnext=1. [ The Obama Deception Number 1 on
U.S. Google Trends ]

‘The Obama Deception’ Censored ‘The Obama Deception’ has been


censored In light of this development, I provide an archived site version
which appears to be complete (but will be compared with earlier version
and replaced with same if incomplete)
http://albertpeia.com/obamadeceptionhighqualityversion.flv

Then there is the well researched, produced, and informative ‘ESOTERIC


AGENDA’ which explains how we’ve gotten to this forlorn point:
http://video.google.com/videoplay?docid=-7052400717834950257#

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.’

Did Google Block “Barry Soetoro” Search Term? Screenshots obtained by


a Prison Planet reader suggest that Google may have moved to de-list
“Barry Soetoro” as a popular search term shortly after it rose to the top of
the Google Trends charts after yesterday’s effort by radio talk show host
Alex Jones to focus attention on Barack Obama’s real name.

Bombshell: Barack Obama conclusively outed as CIA creation Wayne


Madsen | Investigative journalist Wayne Madsen has discovered CIA
files that document the agency’s connections to the lives of Barack
Obama and his mother, father, grandmother, and stepfather.

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.

Google Plans To Kill Web In Internet Takeover Agenda The net-neutrality


ending deal with Verizon is just the beginning of Google’s plans to kill
the open and free Internet as part of their takeover agenda to
completely control the world wide web and force independent media
websites, radio and TV shows out of existence for good.

Obama’s pledge to close down Guantanamo is ‘not even close’ Barack


Obama’s pledge to shut down Guantanamo Bay will not be honoured
until at least a year after the President’s self-imposed deadline – and
may not be completed in his first administration.

Constitution “Silly Stuff,” Says Illinois Congressman Democratic


Congressman Phil Hare, who caused outrage earlier this year when he
told constituents who asked him about the legality of the health care
bill, “I don’t worry about the constitution,” has sparked fresh
consternation after he was caught on camera in an Illinois hotel
labeling the founding document of America “silly stuff”.

Google’s Plans to Take Over The Internet Exposed! Google’s agreement


with Verizon to speed certain Internet content to users opens the door
to the complete sterilization of the world wide web as a force for
political change. Under Google’s takeover plan, the Internet will
closely resemble cable TV, independent voices will be silenced and
the entire Internet will be bought up by transnational media giants.

‘Pre-Crime’ Reaches Number 1 Google Trend Spot Matt Ryan | Steve


Watson’s incredible article about the use of pre-crime technology was
picked up by large news sites such as the Drudge Report and others.

Pre-Crime Technology To Be Used In Washington D.C. Steve Watson |


Computers predict what crime will be committed where, by who and
when.
I-Dosing: Another Excuse for Government Control Over Our Lives Kurt
Nimmo | Government claims i-dosing induces the same kind of mind-
altering effects as marijuana, cocaine, peyote, and opium.

Ehrlich and Holdren: Death “Reasonable Price to Pay” for Well-being of


Society Jurriaan Maessen | The head-hunters of the scientific
dictatorship are not simply powerless psychopaths exchanging
abstract ideas.

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.

Orwell in charge? Kucinich compares Iraq ‘exit’ to Bush’s ‘Mission


Accomplished’ “Who is in charge of our operations in Iraq , now?
George Orwell? A war based on lies continues to be a war based on
lies. Today, we have a war that is not a war, with combat troops who
are not combat troops. In 2003, President Bush said ‘ Mission
Accomplished ‘ . In 2010, the White House says combat operations are
over in Iraq , but will leave 50,000 troops, many of whom will inevitably
be involved in combat-related activities.

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.

CIA Launches “Counterproliferation Center” as Iran Attack Rhetoric Kicks


Into High Gear Kurt Nimmo | CIA will peddle propaganda required to
sell the increasingly irrelevant American people future wars.
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.

Air Force Issues Memo Warning Soldiers, Employees Not to Read


WikiLeaks Docs Kurt Nimmo | Memo confirms that the Pentagon is
monitoring web activity of its soldiers and employees.

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.

Chaos Erupts in California as Over-Taxed Residents Express Outrage The


city of Bell, CA has recently been exposed for having corrupt and
overpaid city officials receiving salaries larger than the President of
the United States. Residents who have recently learned they were
over-taxed to pay for the government workers took control of a City
Council meeting and demanded resignations.

China Reacts Angrily To Pentagon Report Beijing reacted angrily


Wednesday to a Pentagon report expressing worries about China’s
burgeoning military capabilities, calling such concerns baseless.

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

 Breaking: Neocon John Bolton Names Dick Cheney "Conservative Of ...


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

 John Bolton's Astonishing Neo-Neo-con Rewrite of History ...

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 suggests nuclear attack on Iran « LobeLog.com

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

 Don't Hold Your Breath, Ambassador Bolton - Atlas Shrugs

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

Dec 4, 2006 ... Clyburn: E-Vote 'Hacked'; Rawl: 'Systemic Software


Problems' .... Add 'The Fall of the NeoCons: Bye Bye Bolton' to Del.icio ·
Add 'The ... The Army's Lack of Mental Health Treatment for Returning
Troops" NEXT STORY » ...
www.bradblog.com/?p=3873 - Cached

 Ambassador John Bolton: Israel Has 8 Day Deadline to Attack Iran ...

30 posts - 4 authors - Last post: 21 hours ago


"Religion is science for the mental ill" - Myself ... John Bolton is a Bush
neo con,,, obviously broke and needing the money. ...
www.godlikeproductions.com/forum1/message1163684/pg2

 [World Wide News Flash] Bolton


New article on darkpolitricks: Neocon Bolton Renews Call for Israel to
Bomb Iran http: darkpoltweeter (Dark Politricks RT): New article on
darkpolitricks: ...
www.wwnewsflash.com/bolton
 [PDF]

The Neocon Factor in - The Zealots of Dominance: The Neocon Factor ...

File Format: PDF/Adobe Acrobat - Quick View


a sweeping diagnosis, it's clear that mental health has been a problem
within ...... Neocon icon John Bolton, Bush's abrasive former Ambassador
to the UN, ...
www.sf911truth.org/neocons.pdf

Ban Ki-moon’s Top Advisor: Scientific Elite Should Spearhead Global


Population Control “The fertility reduction and stabilization of
population is crucial. He (Sachs) concluded by urging for the adoption
of a globally agreed action plan at next year’s Summit to achieve the
MDGs by 2015, and proposed to form Working Groups with members
of the delegations around particular themes. He characterized this
effort as not negotiation, but as global problem solving and suggested
that the Working Groups would brainstorm on the globally agreed
plan.”

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.
Desperately Seeking Accommodation: Iran Offers U.S. Chance to Build
Nuclear Power Plants Kurt Nimmo | It is extremely unlikely the U.S.
take Iran up on the offer.

Deceptive Economic Statistics: While the economists lied the US economy


died Paul Craig Roberts | The bought-and-paid-for-economists got all
the media forums for a decade. While they lied, the US economy died.

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.

Exposing World Government: United We Fall Documentary Now Featured


on Prison Planet.tv Kurt Nimmo | United We Fall 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.

The Ecstasy of Empire Paul Craig Roberts | Without a revolution, americans


are history.
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.

Hal Turner Betrayed and Burned by Government He Served Kurt Nimmo |


The case of Hal Turner should serve as a warning to those
considering cooperating with the government.

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.
Government Using Google Earth To Loot Destitute Americans Aerial
imaging technology is being used by the government to spy on
Americans in an effort to collect revenue and enforce ordinances on
swimming pools without safety certificates, junk cars being stored
without permission, unlicensed porches, and a myriad of other petty
transgressions that the state is feeding off in complete violation of the
Fourth Amendment to suck citizens dry of whatever income they have
left after being looted of trillions of dollars in wealth that the state has
transferred to foreign banks.

On Facebook: Israeli soldier posed with bound Arab (AP)

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.

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.

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.

Activists Take On Fluoridated Water in Wichita Concerned citizens in


Wichita, Kansas, have informed that city’s public officials about a
poster campaign designed to inform the public about the health
hazards of water fluorination.

Illegal Immigrants Account for 8% of U.S. Newborns, Study Shows As many


as 340,000 of the 4.3 million babies born in the U.S. in 2008 had at
least one parent who was an illegal immigrant, according to a Pew
Hispanic Center study of Census Bureau data.

Infowars.com Poll: Attack On Iran Imminent Kurt Nimmo | Nearly 60%


of respondents to an Infowars.com poll believe the U.S and Israel will
attack Iran in the near future.

Activists Take On Fluoridated Water in Wichita Infowars.com |


Concerned citizens in Wichita, Kansas, have informed that city’s
public officials about a poster campaign designed to inform the public
about the health hazards of water fluorination.

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.

Economy Teeters On The Brink and Market Manipulation Continues


Bob Chapman | It’s just the same old, same old, business as usual in
America.

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.

Karzai wants private security firms out of Afghanistan: KARZAI WANTS


COMPANIES OUT U.S. calls 4-month deadline 'very challenging'
(Washington Post) One too many civilian killed. Maybe they figured
out that american non-strategy employing the Hegelian methodology
of creating problems that American firms can solve. Doomed to
failure, they eventually catch on. The bushes were famed for same but
wobama has foolishly been no slouch in this regard.

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.

The Cycle of Violence in Afghanistan Last week the National Bureau of


Economic Research published a report on the effect of civilian
casualties in Afghanistan and Iraq that confirmed what critics of our
foreign policy have been saying for years: the killing of civilians,
although unintentional, angers other civilians and prompts them to
seek revenge. This should be self-evident.

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.

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.!!

Wheat Crisis Threatens Inflationary Timebomb, Food Riots Russia’s ban on


wheat exports following widespread fires in the country sent food
prices skyrocketing by 19 per cent in just a single week as fears grow
that global volatility in foodstuffs and commodities could lead to a
worldwide inflationary timebomb accompanied by widespread food
riots.

The Obama presidency increasingly resembles a modern-day Ancien


Régime: extravagant and out of touch with the American people What
the great French historian Alexis de Tocqueville would make of
today’s Obama administration were he alive today is anyone’s guess.

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.].

Wow! Talk about stretchin’ it! Alleged by black shooter: prejudice


displayed by company as they fired thornton for stealing / selling the
company’s beer he was supposed to be delivering … The ultimate
race card … Riiiiight! You can’t make this stuff up! Fatal Shootings
Reponse: 'No One Died After Police Arrived On Scene' Hartford
Courant - As police on Friday concluded their on-scene investigation
into Tuesday's mass killing at Hartford Distributors, they also began
evaluating their response to the tragedy. Police arrest woman they
say accepted beer from Connecticut shooter CNN Omar Thornton 911
Call: "I Wish I Could Have Got More of the People" CBS News

Voters Reject Notion That “Government Can Do Anything It Likes” A


Rasmussen poll indicates that an overwhelming eighty-six percent
(86%) of voters nationwide say there should be “limits on what the
federal government can do”, in response to recent comments from
pro-Obamacare Congressman Pete Stark.

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.

Fluoride Truth on Australian TV – Fluoride Retards the Brain TV NEWS


show exposes Fluoride for what it is – poison!

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.

Material girl Michelle Obama is a modern-day Marie Antoinette on a glitzy


Spanish vacation NY Daily News | But while most of the country is
pinching pennies and downsizing summer sojourns – or forgoing
them altogether – the Obamas don’t seem to be heeding their own
advice.

SEC Probes BP Potential Insider Trading: Sources Reuters | U.S. securities


regulators are investigating whether people may have illegally profited
from trading on nonpublic information at BP in the weeks following
the disastrous Gulf oil spill.
Rockefeller Foundation Developed Vaccines For “Mass-Scale” Fertility
Reduction In its 1968 yearly report, the Rockefeller Foundation
acknowledged funding the development of so-called “anti-fertility
vaccines”

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.

Preparing for World War III, Targeting Iran Humanity is at a dangerous


crossroads. War preparations to attack Iran are in “an advanced state of
readiness”. Hi tech weapons systems including nuclear warheads are fully
deployed.

Pentagon tells WikiLeaks: "Do right thing" (Reuters) [Great advice … if


only the endless war, military complex based pentagon could take it!] The
Pentagon demanded on Thursday that whistle-blower web site WikiLeaks
immediately hand over about 15,000 secret Afghan war records it had not
yet published and erase material it had alrea…

US faces deadliest month in Afghan war With 63 US service members


killed, July has become the deadliest month for American forces
stationed in war-torn Afghanistan.

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.

President Obama calls African-Americans a ‘mongrel people’ President


Obama waded into the national race debate in an unlikely setting and
with an unusual choice of words: telling daytime talk show hosts that
African-Americans are “sort of a mongrel people.”

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.

Source of leaked military docs unknown: WikiLeaks While the United


States is trying to hunt for the individual behind the massive leak of
US military data on Afghanistan war, the whistleblowers’ website, that
made the 91,000 classified documents available to the world, has said
that the source of leak is unknown.

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.

Congress extends war funding for Afghanistan Baltimore Co. Independent


Examiner | Congress voted to extend funding for the war in
Afghanistan by an additional $59 billion late on Tuesday.

Kucinich: 92,000 reasons to end the wars AFP | US lawmakers opposed to


the Afghan war, emboldened by a huge leak of military files on the
conflict, pushed Tuesday for pulling US forces from Pakistan.
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!

Infowars.com Poll: Majority Believe Road Warrior Depression Coming Kurt


Nimmo | Like the Great Depression, the Greatest Depression now
being scientifically created has a specific agenda in mind.

On the Bloated Intelligence Bureaucracy

Disappearing Act: $8.7 Billion of Iraq Development Money Missing Kurt


Nimmo | Government says it is all the fault of shoddy accounting
practices.

Ahmadinejad: US Expansion Of War In Middle East Imminent Steve Watson


| Tensions rise with saber rattling rhetoric.

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”.

Rockefeller Study Envisages Future Dictatorship Controlled By Elite …


(Vegetables … Yes, Asparagus, not Broccoli) … Here’s the pathetic
news, however; it’s called reality: [Neanderthals, Humans Interbred,
DNA Proves Signs of Neanderthals Mating With Humans -
Neanderthals mated with some modern humans after all and left their
imprint in the human genome. Genome hints humans, Neanderthals
rolled in prehistoric hay You're a Neanderthal: Genes say yes — a
little bit (AP) Neanderthals and people interbred, fossil analysis finds
For more info on man’s humble beginnings, see here
http://www.albertpeia.com/anthroindex1.htm Previously I wrote:
FOUND: MISSING LINK BETWEEN APES AND MAN.... These stories,
and the many like it, are old news and I subscribe to the more studied
view that there is no “missing link” per se and in my view they are
distinctions without significant differences. I previously wrote: [see
infra] and [Interestingly, my intuitive (but unstudied) thoughts prior to
closer examination of the compelling subject of Biological
Anthropology remain what I believe to be the correct scenario.
Specifically, very simply stated, for the most part, the more
“enlightened” (but not by much; by mutation, accident, luck,
intervention, etc.) left the unvarying confines of their Sub-Saharan
origins, experienced diverse new environs, challenges, etc.,
experienced what has been described (by neuroscientists,
psychologists, etc.) as neurogenesis in varying degrees and forms
thereby over time, which trait was selected for and is consistent with
the purported multi-regional evolutionary model which does not
overtly contradict ultimately, initial African origins. Races, sub-
species, missing links, etc., are subsumed in this very humbling and
sorrowful tale of the “dawn of man”.] [see infra] …] Global
pandemics that kill millions, mandatory quarantines, checkpoints,
biometric ID cards, and a world of top-down government control.
These things are not lifted from the latest sci-fi blockbuster movie,
they’re part of the Rockefeller Foundation’s vision for what the globe
might be like in 15-20 years’ time under a new world order tightly
controlled by the elite. [That’s getting awfully close to the outside
‘decades, not millennia or even centuries’].

Iran accuses US and UK of supporting group behind mosque attacks Iran is


vowing to hunt down a Sunni separatist group which claimed
responsibility for a double suicide bombing that killed 28 people at a
mosque in the south-eastern city of Zahedan.

US, NATO behind Iran bombings: MP An Iranian lawmaker slams the recent
bombings in the country’s southeast as a plot by Western military
forces in the Middle East to spread terror on Iran’s borders.

WASHPOST Ombudsman: Why Silence on Black Panther Story?


(Washington Post) ‘Thursday's Post reported about a growing controversy
over the Justice Department's decision to scale down a voter-intimidation
case against members of the New Black Panther Party. The story
succinctly summarized the issues but left many readers with a question:
What took you so long? For months, readers have contacted the
ombudsman wondering why The Post hasn't been covering the case. The
calls increased recently after competitors such as the New York Times and
the Associated Press wrote stories. Fox News and right-wing bloggers
have been pumping the story. Liberal bloggers have countered, accusing
them of trying to manufacture a scandal. But The Post has been virtually
silent. The story has its origins on Election Day in 2008, when two
members of the New Black Panther Party stood in front of a Philadelphia
polling place. YouTube video of the men, now viewed nearly 1.5 million
times, shows both wearing paramilitary clothing. One carried a
nightstick…’

Latino KKK: You are too white to be American! ALIPAC | Tan Klan woman
can scream racist comments because the Obama administration and most
of the major news networks in America have her back.

‘West, israel linked to SE Iran blasts’ A ranking official with the Islamic
Revolution Guards Corps (IRGC) has implicated “the us, israel and
some european countries” in the deadly blasts in the southeastern
Iranian city of Zahedan.

De-classified Vietnam-era Transcripts Show Senators Knew Gulf Of Tonkin


Was A Staged False Flag Event Over 1,100 pages of previously
classified Vietnam-era transcripts released this week by the Senate
Foreign Relations Committee highlight the fact that several Senators
knew that the White House and the Pentagon had deceived the
American people over the 1964 Gulf of Tonkin incident.

Afghans march in Kabul to denounce NATO strikes that killed civilians:


Demonstrators shout anti-American slogans, denounce NATO strikes
(Washington Post ) Sounds like a plan! Almost surreal was the
appearance of gates on failed network ‘news’ show to shill the non-
strategy of draw down (of troops) linked to success. What success?
Just being there and every day they’re there is unequivocally abject
failure. Celebritology Weekend: Angelina Jolie biography arrives;
Heidi Montag files for divorce (Washington Post ) I usually don’t weigh
in on entertainment news, but this headline concerning what appears
to be a disparaging, and quite selectively so, purported biography of
Angelina Jolie is very disheartening when you consider the numerous
instances of failed leadership at nearly all very high levels of
government having so detrimental an impact on the world, that
morton deems his time appropriate to an actress who has actually
tried to do good things (U.N., etc.) without having to. Indeed, even her
latest film ‘Salt’ (spectacular by any standard as is her performance –
there are at least 2 winning sequels there with 4 the max and
stretching it owing to age – she puts all, and I mean all the ‘Bonds’ to
shame) had an important message in terms of the damage to this
nation by a seemingly endless, nation-bankrupting, anti-american (war
criminal israelis already, and quite correctly, globally hated) sentiment
producing war strategy that is neither strategy nor reasonably
consistent with any positive american goal / objective; but rather is
such a debacle and folly that the same could very well be one that
only an enemy of defacto bankrupt america could hatch and for the
reasoning set forth in the well-written / directed film. She astutely
observed and talked about the synchronicity of the film as juxtaposed
to recent events revealing that she is wiser than most in Washington.

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.

Drudgereport: NEW LOW FOR O: USATODAYGALLUP HAS OBAMA


APPROVE AT 41%...
America Is 'Bankrupt Mickey Mouse Economy'...
WIRE: USA 'Bankrupt and We Don't Even Know It'...
YOUTH UNEMPLOYMENT HITS RECORD HIGH
JOBLESS CLAIMS JUMP TO HIGHEST SINCE FEB...
California can't pay bills -- may use IOUs for August payments...
DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
Homes lost to foreclosure up 6% from last year...
Grim Voter Mood Turns Grimmer...
Claims of Afghan civilian deaths spark protest...
Military sees heavier fighting in fall...
UPDATE: Suspected serial killer arrested in Atlanta...
Attempting to flee to israel … to be with kindred spirits ...
DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
MOB RUSH FOR FED AID DRAWS RIOT POLICE
DOW drops 265...
Feds rethink policies that encourage home ownership...
Obama: $3 Billion More in Aid for Unemployed...
US posts widest trade gap in 20 months...
Q2 GDP Growth Could Be Revised To Just 1% After Trade Data...
PUMP: FED TO BUY MORE DEBT...
DOWNGRADES OUTLOOK...
US-backed fighters in Iraq defect to al-Qaida... [Winning hearts and minds … for
Al Qaida … just one too many civilian deaths for no good reason at all ]
BACK TO SPEND SOME MORE!
Republicans Suggest Names for 'Second Stimulus' Bill...
'Where do the bailouts end?' [I feel compelled to comment here that even
capital hill math would be hard-pressed to justify $26 billion taxpayer /
treasury dollars they don’t really have, to save 300,000 state / local
government jobs! After all, the nation is defacto bankrupt! ]
CASTRO WARNS OF IMPENDING NUCLEAR HOLOCAUST
WELCOME TO THE RECOVERY...
JULY UNEMPLOYMENT -131,000 JOBS...
Revised: May/June -97,000 jobs than first reported...
Odd mix of bad news...
CASTRO WARNS OF IMPENDING NUCLEAR HOLOCAUST
Michelle Obama 'modern-day Marie Antoinette'...
NYT: 'Leaves the taxpayers with a hefty bill'...
While Obama preaches sacrifice, his family frolics in Spain...
Gazpacho, turbot, veal and ratatouille with the king...
Lavish Obama vacation in time of economic turmoil raises eyebrows...
BAKER: 'Leaves taxpayers with hefty bill'...
Hollywood star-studded gala at first lady's luxury hotel...
MICHELLE O'S $375,000 VACATION?!
Strolls Marbella after State Dept. 'racist' Spaniards gaffe...
White House calling: Please will you make a coat for Michelle...
Boy Scouts boo Obama...
GALLUP: Blacks and Whites Continue to Differ Sharply on Obama...
JUDGE KNOCKS DOWN MARRIAGE PROP IN CA
BLOW TO O: MO SAYS NO
Voters overwhelmingly rejected federal mandate to purchase health
insurance...
Americans swap passports; Desire to avoid tax leads some to renounce
citizenship...
Ahmadinejad survives blast near motorcade...
'Stupid Zionists have hired mercenaries to assassinate me'...
FALTERING RECOVERY TRIPS DOLLAR...
GM, FORD and CHRYSLER Sales All Lag Estimates...
Stimulus Slammed: Republican Senators Release Report Alleging Waste...
The 100 worst stimulus projects...
SHOCK VIDEO: DEM CONGRESSMAN BRAGS: 'FEDERAL GOVERNMENT
CAN DO MOST ANYTHING IN THIS COUNTRY'...
Deadliest Month Of Afghan War
Paper: Will Washington's Failures Lead To Second American Revolution
Maxine Waters faces trial over bank bailout funds...
HOT WATERS
Dems Say Sorry, Charlie...
Democrats Say Rangel Should Resign...
Obama: Time For Rangel To End Career 'With Dignity'...
60,000 babies born to 'noncitizens' get U.S. birthright - in Texas alone...
Dutch become 1st NATO member to quit Afghanistan...

Economic indicators reflect weak recovery (Washington Post) Even


assuming their anemic, negative numbers are real (I don’t believe
anything they say and believe situation to be more dire than reported),
the economic reality indicated prospectively thereby is as previously
set forth: 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

As economy slowly recovers, area companies announce IPOs (Washington


Post) With very few exceptions, economic realities make the same
(ordinarily a real net economic positive) a negative owing to dilution
and the absence of real, profitable, private sector investment
opportunities.

China surpasses Japan as world's No. 2 economy (Washington Post) As if no


one saw that coming.

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.

Will Quantitative Easing By The Federal Reserve Unleash Economic Hell?


The Economic Collapse | Most of the folks populating Congress are so
incompetent that they should not even be hired to mop the floors of a
Dairy Queen.

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.
High Probability for Lower Market Prices Ahead ‘…Economic numbers
being what they are (very poor), we should expect a downward
revision of second quarter GDP to 1.5% from the originally
disappointing number of 2.4%. As more data is being released it is
apparent that we are witnessing even further deterioration here in the
third quarter. Will we have a double dip or since it officially has never
been declared that we have come out of the recession, is this just
more of the same? Globally, governments have spent trillions of
dollars to revive their economies. We are seeing mixed results from
that largess, as some countries such as Germany and China are doing
better than others, such as Greece, Ireland and the US. Will more
government intervention help? I think not. We may have reached a
tipping point where many are tired of others being the benefactors of
taxpayer money …’

Gold Providing Safety During Market Downturn

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.
Obama Says Private Accounts Would Endanger U.S. Social Security
Benefits President Barack Obama said Republican proposals to have
people invest Social Security benefits in private accounts would
increase the U.S. budget deficit and put retirement money at risk to
“the whims of Wall Street traders.”

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.

Economic indicators reflect weak recovery (Washington Post) [Recovery? I


say they’re dreamin’! So does Schiff, (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.)
among other economists, (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.) , and my
position and that of demographer Dent (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.

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 ).

Warnings: Social Security at risk (Washington Post) [ Not this again! It


bears repeating, that was always a bad idea and there was a plethora of
reasons set forth on my site as to why the social security privatization plan
being shilled by moron war criminal dumbya bush on behalf of the wall
street frauds was an exceedingly bad idea. Indeed, as defacto insolvent as
america / the social security system is, the nation and system would have
been wiped out by privatization debacle. Talk about too big to, but still
failed. It was a bad idea then, and though accusations may fly as to fear
mongering, the reality of the venality attendant to such a preposterous
course on behalf of the wall street frauds requires vigilance, scrutiny, and
discourse concerning even the remote possibility of such a fool-hearty
betrayal of the citizenry of the nation. As such, as off the mark as wobama
has almost invariably been, he’s on the mark on this. ]ANALYSIS | Obama
says GOP wants to privatize program, but liberals see a different threat.

Makeup of Obama's housing reform panel draws ire (Washington Post)


[Wow! Talk about late to the party! I mean … a conference? It’s not as
if this was some new or novel problem coming down the pike. Then
there’s the everything but the core issue / problem approach that
seems recurringly fashionable.] Advocates say that the administration
is excluding consumer and community groups from playing
prominent roles in a government-sponsored conference next week
that will kick off efforts to overhaul national housing policy.

Foreclosures surge 9 percent in July (Washington Post) Those glass-half-


full frauds on wall street along with the administration will be cheering this
unequivocally bad news with a dubious retort as ‘used home sales will rise’
… riiiight! Anything you say …

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.
AP Business Highlights ‘Jobs picture dims as unemployment claims rise
WASHINGTON (AP) -- The economy is looking bleaker as new applications
for jobless benefits rose last week to the highest level in almost six
months. It's a sign that hiring remains weak and employers may be going
back to cutting their staffs. Analysts say the increase suggests companies
won't be adding enough workers in August to lower the 9.5 percent
unemployment rate. First-time claims for jobless benefits edged up by
2,000 to a seasonally adjusted 484,000, the Labor Department said
Thursday. That's the highest total since February. Analysts had expected
claims to fall…’

Bearish Sentiment Falls to 14-Week Low [Talk about contrarian indicators!]


AAII – ‘Bullish sentiment rose 9.4 percentage points to 39.8% in the latest
AAII Sentiment Survey. Despite the size of the increase, the proportion of
individual investors expecting stock prices to rise over the next six months
is only at a two-week high. The historical average is 39%. Neutral
sentiment, expectations that stock prices will stay essentially flat over the
next six months, fell 1.3 percentage points to 30.1%. The historical average
is 31%. Bearish sentiment, expectations that stock prices will fall, dropped
8.1 percentage points to 30.1%. This is a 14-week low. The historical
average is 30%. The survey period, Thursday through Wednesday, needs to
be taken into consideration when looking at these results. Stock prices
were essentially flat through most of this week's survey period (with the
obvious exception of yesterday), giving some investors hope that a short-
term bottom had been established. Though there were big changes in
bullish and bearish sentiment, both optimism and pessimism are close to
their historical averages. As a result, I would argue that individual
investors' confidence in the market remains fragile…’

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.

U.S. trade deficit startles markets (Washington Post) [ Unexpectedly? I


don’t think so! And, I have my site, other references / links and posts to
prove it; and, what’s more, I’m not alone. After all, what are NAFTAs for
anyway. However, I also must candidly admit I don’t frequent the
mainstream blather / propaganda that includes the ‘money-honeys’ (when
the messenger’s more important than the message, problems and
distortions are bound to follow) and their ilk, etc.. NBR’s about it and even
they have their pressures (I don’t consider the Washington Post
mainstream in the pejorative sense of the word, with a rich journalistic
history to back that up, all things considered) ]. Unexpectedly bad news
from three continents reinforces fears that global recovery is faltering.

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.]

ACCORDING TO TECHNICAL INDICATORS, MELTDOWN IS POSSIBLE


Simon Maierhofer A SOLID TRACK RECORD An analysis of the SMA
crossover buy/sell signals triggered for the S&P over the past 10 days
shows that six of the eight signals (75%) were correct. ..LAGGING BUT
ACCURATE Many dismiss the 200-day or other SMAs as lagging indicators.
Although an indicator may be lagging it doesn't mean it's incorrect or
should be dismissed… Even though a lagging indicator, the rain does
confirm that a storm is coming. A PRO-ACTIVE APPROACH You'd expect
Wall Street and the financial media to be the financial weather man and
warn you of upcoming storms. Unfortunately, that is not so. Leading up to
the April 2010 recovery highs, Wall Street and the media proclaimed the
skies are clear, 'sunny throughout the year' was their weather forecast.
Only after investors got drenched, did Wall Street recommend pulling out
the umbrella. Sure enough, as soon as the umbrellas came out, stocks
switched into rally mode and the sky cleared up. Unlike Wall Street, the ETF
Profit Strategy Newsletter warned of the brewing storm while it was still
sunny. On April 16, the newsletter warned that 'historically, there has rarely
been a more pronounced sell signal ... When consumers spend, they do so
with credit cards. Visa and Master Card both got hit with a death cross. It's
just a matter of time until the discretionary sector follows. WAIT, THERE IS
MORE …High copper prices are reflective of high demand and a humming
economy. Lower copper prices signal trouble ahead. On June 22, an
ominous death cross visited copper's chart. PUTTING THE ODDS IN YOUR
FAVOR Investing is a game of probabilities. While you always want to have
the odds in your favor, you never want to bet against the odds. Right now,
the odds are piling up on the bearish side of the ledger. Even though Wall
Street is saying that the sky has cleared up, 'meteorologists' with a better
track record are warning of the storm ahead. In fact, there is one rare chart
formation that strongly suggests the onset of a 2008-like decline, a
development that's certainly supported by the number of death crosses
spanning a variety of markets. The August issue of the ETF Profit Strategy
Newsletter includes a detailed short, mid and long-term forecast, along
with the one chart that tells the market's story and true bearish potential.

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.

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.

San Francisco Fed: “A Recessionary Relapse Is A Significant Possibility


Sometime In The Next Two Years” [ Picture the fed as a pseudo ninja
with fancy foreplay / motions getting decked / ‘koed’ with a simple
right-hook to the jaw by the antagonist named reality. All this
finagling, manipulation, fiat currency over-printing, and nation
bankrupting debt, and … nothing / nada / ‘growth ‘ estimates revised
downward, unemployment unabated since economic reality figures
somewhat in hiring to say the least, and jobs transferred overseas
ain’t comin’ back. Quite simply, this is a depression no matter what
they call it! ] Presented without commentary, suffice to say that idiots
who look at the LEI and factor for the curve inversion subindicator
deserve all they get.

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.
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...
Claims of Afghan civilian deaths spark protest...
Military sees heavier fighting in fall...
PAPER: 10 reasons why Obama presidency is in meltdown...
GALLUP: Even the Poor Are Abandoning Obama; Approval Under 50%...
Obama abolishes White House position dedicated to transparency...
Michelle Obama popularity falls...
UPDATE: Suspected serial killer arrested in Atlanta...
Attempting to flee to israel … to be with kindred spirits ...
MOB RUSH FOR FED AID DRAWS RIOT POLICE
DOW drops 265...
Feds rethink policies that encourage home ownership...
Obama: $3 Billion More in Aid for Unemployed...
US posts widest trade gap in 20 months...
Q2 GDP Growth Could Be Revised To Just 1% After Trade Data...
PUMP: FED TO BUY MORE DEBT...
DOWNGRADES OUTLOOK...
US-backed fighters in Iraq defect to al-Qaida... [Winning hearts and minds
… for Al Qaida … just one too many civilian deaths for no good reason at
all ]
BACK TO SPEND SOME MORE!
Republicans Suggest Names for 'Second Stimulus' Bill...
'Where do the bailouts end?' [I feel compelled to comment here that even
capital hill math would be hard-pressed to justify $26 billion taxpayer /
treasury dollars they don’t really have, to save 300,000 state / local
government jobs! After all, the nation is defacto bankrupt! ]

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.

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.

Ambac says it's working on bankruptcy filing MBIA Inc. reports a


quarterly profit, while rival bond insurer Ambac Financial Group
posts a loss....

Food Inflation Coming To A Household Near You, As Wal-Mart Hikes Prices


At Fastest Pace Since Early January Nothing to see here, except yet
another sign of the food inflation that’s the story of the moment.

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.

Fed set to downgrade outlook for US Financial Times | The Federal


Reserve is set to downgrade its assessment of US economic
prospects.
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
When perusing the headlines and the following, I immediately thought
‘between Iraq and a hard place (Afghanistan and america’s defacto
bankruptcy)’:

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.

Impoverished U.S. City Will Close Libraries Mob infested, pervasively


corrupt jersey’s most impoverished city will close all three branches
of its public library at year’s end unless a rescue can be pulled off.
Camden’s library board says the libraries won’t be able to afford to
stay open past Dec. 31 because of budget cuts from the city
government. The city had its subsidy from the state cut.

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.

IRS To Withhold Indicator That Shows Refunds Owed To Taxpayers Think


of all the budget savings from the ever increasing lack of
transparency.
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...’

Were Unemployment Claims Really So 'Unexpected'?

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.

Journalists Still Hiding Obama’s Broken Promises on Jobs On Aug. 6,


everyone’s attention will be fixed on the release of July’s
unemployment numbers. The national unemployment rate is forecast
to increase to 9.6 percent, according to Bloomberg News’ survey.

Gold Alternative To Debt and Market Manipulation The Keynesians are on


the edge of implementing more quantitative easing (QE) as we
predicted they would.

11 Reasons Why The Federal Reserve Is Bad Millions of Americans are


waking up to the fact that the Federal Reserve is bad, but very few of
them can coherently explain why this is true.

WE’RE UNDERESTIMATING THE BEARISH POTENTIAL Simon Maierhofer,


August 3, 2010
’… Will Anything Stop the Market? Something Did
… At the same time, the April numbers were lowered the second time by an
additional 24,000 units, while May sales were revised lower by 33,000 units.
To summarize, April and May sales were reduced by 57,000 units.
Therefore, June sales were 24% above May sales. By the way, May sales
were the lowest on record…

Treasury Secretary Timothy Geithner: Unemployment Could Go Up Before


It Comes Down [Ooooh! Sounds like a plan ‘tiny tim’! … God bless us
everyone! ] Treasury Secretary Timothy Geithner acknowledged that it
is still a “tough economy” for most Americans, and warned it’s
possible the unemployment rate will go up for a couple of months
before it comes down as more people enter the labor force.

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?)

Temporary Firehouse Closures Begin In Philadelphia CBS 3 | The city of


Philadelphia has started temporarily closing fire stations in order to
balance its budget.

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’!

They’re losing their minds in china:


Silicon Alley Insider: ‘… The first big economic news of the week was
the Chinese PMI which indicated that Chinese manufacturing was
inching ever closer to contraction. But contrary to the expectations of
some, it did not spook investors. In fact, Asia had a very big night,
with Shanghai gaining about 1.3% …’;

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!

This is an especially great opportunity to sell / take profits since there is


much worse to come!

Warning Signs Suggest Market Headed for Another Collapse

INSIDER TRANSACTIONS (Washington Post) 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.

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

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.

alan greenspan: “The Financial System Is Broke” We will be in deflation


until the broke financial system becomes unbroke… and then we will
have hyperinflation. [Little bit late to be talkin’ the obvious truth!]

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.
Foreclosures Continue To Dramatically Increase In 2010 Economic Collapse
| RealtyTrac says that unemployment has become the major reason
for foreclosures. In a very alarming sign for the U.S. economy,
foreclosures have continued to dramatically increase in 2010. But
there has been a shift.

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.

Stocks' Late Push: Some Optimism, Some Pessimism [Late push … as in a


constipated bowel movement … Come on! Another one of those push 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. ].

Slowing economic rebound raises unemployment fears (AP) [Wow! Talk


about understatements!]

China Becomes Second Biggest World Economy China has overtaken


Japan to become the world’s second-largest economy, the fruit of
three decades of rapid growth that has lifted hundreds of millions of
people out of poverty.

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.

Cash-starved California orders unpaid leave for workers California


Governor Arnold Schwarzenegger declared a fiscal state of
emergency Wednesday, requiring most state employees to take three
days of unpaid leave per month until a new budget is enacted.

The Obama Administration Tries To Propagandize Its Way To An Economic


Recovery Yesterday we noted how, absurdly, The White House blog
was trumpeting a new cheap housing program as part of its recovery
efforts.

Fed says some districts report slowing economy (Reuters)

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.

Regulatory Magic President Obama has signed the financial industry


regulatory overhaul — officially, the Dodd-Frank Wall Street Reform
and Consumer Protection Act. Predictably, what he said about it
cannot possibly be true.

Jim Rogers Calls CNBC A Market PR Agency Whose Sole Purpose Is To


Make Stocks Go Higher A “cheeky” Jim Rogers appeared earlier on
CNBC Europe (which incidentally is orders of magnitude better than
its US equivalent), and confirmed the depths to which the once
relevant and informative TV station has now fallen.

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.

Smoking Guns of U.S. Treasury Monetization Kitco | A significant feature of


fiat money systems is the privilege for the custodian of the reserve
currency to engage in regular practices of ham-fisted monetary
management.

Banking Disaster Largely Ignored By Mainstream Media Greg Hunter | It is


amazing to me how little time the mainstream media is spending on
this unfolding financial disaster and how much time it is devoting to
things like Mel Gibson’s domestic problems.

Moody's: Regional banks on review for downgrade (AP)

Consumer confidence dims (Reuters) Job worries drove July U.S.


consumer confidence to its lowest since February, with one in six people
expecting lower income in the next six months, underscoring the
precarious state of econo...

Global steelmakers paint gloomy picture (Reuters)

State budget gaps total $84 billion: study

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.

China Calls Our Bluff: “The US is Insolvent and Faces Bankruptcy as a


Pure Debtor Nation but [U.S.] Rating Agencies Still Give it High
Rankings” America’s biggest creditor – China – has called our bluff.

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 …
On the Disconnect Between the Market and the Economy Michael
Shulman:

• The index of leading economic indicators fell 0.2% in June, the


second drop in three months. A negative surprise.

• Unemployment claims rose to 464,000, more than expected.

• Uncle Ben said we are facing a period of “unusual uncertainty.” No


kidding.

• Uncle Ben said we need continuing stimulus to a Congress unwilling


to stimulate anyone or anything other than lobbyists with cash to
contribute.

• Home sales fell 5.1% in June…’

(No recession helicopter ben) Bernanke Admits Major Policy Failures;


Stocks Soar Darryl Montgomery What's wrong with this picture? In his bi-
annual testimony before Congress yesterday, Fed Chair Ben Bernanke
admitted that after more than a year and a half of zero interest rates and $3
trillion in federal deficit spending since 2008, the best case scenario for the
U.S. economy is slow growth and high unemployment. The S&P 500 is up
2.5% so far this morning on this 'good' news. Bernanke's congressional
testimony included the following statements (emphasis added by me):

"Most [FOMC] participants viewed uncertainty


about the outlook for growth and unemployment
as greater than normal, and the majority saw [at
the June Fed meeting] the risks to growth as
weighted to the downside."

"Financial conditions--though much improved


since the depth of the financial crisis--have
become less supportive of economic growth in
recent months."

"Many banks continue to have a large volume of


troubled loans on their books, and bank lending
standards remain tight. With credit demand weak
and with banks writing down problem credits,
bank loans outstanding have continued to
contract."
"After two years of job losses, private payrolls
expanded at an average of about 100,000 per
month during the first half of this year, a pace
insufficient to reduce the unemployment rate
materially. In all likelihood, a significant amount of
time will be required to restore the nearly 8-1/2
million jobs that were lost over 2008 and 2009."…

Serious Analysis has given rise to a realistically mocking view of the


current fraud on wall street:

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.

Historic Voter Volatility in This Year of Fear It’s becoming increasingly


clear that Americans aren’t simply in the midst of hard times. They are
in the midst of one of the most volatile political environments since
World War II.

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.

Petraeus wants more time in Afghanistan Foreign Policy | ISAF commander


Gen. David Petraeus and other military officers are publicly and
privately pushing to limit troop reductions starting in July 2011.

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.

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.

Activists Take On Fluoridated Water in Wichita Concerned citizens in


Wichita, Kansas, have informed that city’s public officials about a
poster campaign designed to inform the public about the health
hazards of water fluorination.
Illegal Immigrants Account for 8% of U.S. Newborns, Study Shows As many
as 340,000 of the 4.3 million babies born in the U.S. in 2008 had at
least one parent who was an illegal immigrant, according to a Pew
Hispanic Center study of Census Bureau data.

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.

Anderson Cooper Apologizes For Media Complicity In Tillman Cover-Up


Interview with Pat Tillman’s father about new documentary exposing
how the government with help from the media used Pat Tillman’s
death to promote the war.

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.

Infowars.com Poll: Attack On Iran Imminent Kurt Nimmo | Nearly 60%


of respondents to an Infowars.com poll believe the U.S and Israel will
attack Iran in the near future.

Activists Take On Fluoridated Water in Wichita Infowars.com |


Concerned citizens in Wichita, Kansas, have informed that city’s
public officials about a poster campaign designed to inform the public
about the health hazards of water fluorination.

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.
Economy Teeters On The Brink and Market Manipulation Continues
Bob Chapman | It’s just the same old, same old, business as usual in
America.

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.

The Cycle of Violence in Afghanistan Last week the National Bureau of


Economic Research published a report on the effect of civilian
casualties in Afghanistan and Iraq that confirmed what critics of our
foreign policy have been saying for years: the killing of civilians,
although unintentional, angers other civilians and prompts them to
seek revenge. This should be self-evident.

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.
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.!!

Wheat Crisis Threatens Inflationary Timebomb, Food Riots Russia’s ban on


wheat exports following widespread fires in the country sent food
prices skyrocketing by 19 per cent in just a single week as fears grow
that global volatility in foodstuffs and commodities could lead to a
worldwide inflationary timebomb accompanied by widespread food
riots.

The Obama presidency increasingly resembles a modern-day Ancien


Régime: extravagant and out of touch with the American people What
the great French historian Alexis de Tocqueville would make of
today’s Obama administration were he alive today is anyone’s guess.

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.].

Wow! Talk about stretchin’ it! Alleged by black shooter: prejudice


displayed by company as they fired thornton for stealing / selling the
company’s beer he was supposed to be delivering … The ultimate
race card … Riiiiight! You can’t make this stuff up! Fatal Shootings
Reponse: 'No One Died After Police Arrived On Scene' Hartford
Courant - As police on Friday concluded their on-scene investigation
into Tuesday's mass killing at Hartford Distributors, they also began
evaluating their response to the tragedy. Police arrest woman they
say accepted beer from Connecticut shooter CNN Omar Thornton 911
Call: "I Wish I Could Have Got More of the People" CBS News

Voters Reject Notion That “Government Can Do Anything It Likes” A


Rasmussen poll indicates that an overwhelming eighty-six percent
(86%) of voters nationwide say there should be “limits on what the
federal government can do”, in response to recent comments from
pro-Obamacare Congressman Pete Stark.

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.

Fluoride Truth on Australian TV – Fluoride Retards the Brain TV NEWS


show exposes Fluoride for what it is – poison!

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.

Material girl Michelle Obama is a modern-day Marie Antoinette on a glitzy


Spanish vacation NY Daily News | But while most of the country is
pinching pennies and downsizing summer sojourns – or forgoing
them altogether – the Obamas don’t seem to be heeding their own
advice.

SEC Probes BP Potential Insider Trading: Sources Reuters | U.S. securities


regulators are investigating whether people may have illegally profited
from trading on nonpublic information at BP in the weeks following
the disastrous Gulf oil spill.

Rockefeller Foundation Developed Vaccines For “Mass-Scale” Fertility


Reduction In its 1968 yearly report, the Rockefeller Foundation
acknowledged funding the development of so-called “anti-fertility
vaccines”

The Psychology of Conspiracy Denial Wired Magazine writer Jonah Lehrer


attempts to offset the overwhelmingly critical response to his attack
on Alex Jones by characterizing skepticism of authority in the context
of vaccines and mass medication as a psychological dysfunction,
despite the fact that the history of government-funded medical
research in the United States is replete with examples of scientific
abuse against unwitting victims.

Enemy hyped assassination: Iran pres. Iran’s President Mahmoud


Ahmadinejad rejects reports about an assassination attempt on his
life in Hamadan Province as a plot hatched by the enemies.

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.

Preparing for World War III, Targeting Iran Humanity is at a dangerous


crossroads. War preparations to attack Iran are in “an advanced state of
readiness”. Hi tech weapons systems including nuclear warheads are fully
deployed.

Pentagon tells WikiLeaks: "Do right thing" (Reuters) [Great advice … if


only the endless war, military complex based pentagon could take it!] The
Pentagon demanded on Thursday that whistle-blower web site WikiLeaks
immediately hand over about 15,000 secret Afghan war records it had not
yet published and erase material it had alrea…

US faces deadliest month in Afghan war With 63 US service members


killed, July has become the deadliest month for American forces
stationed in war-torn Afghanistan.
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.

President Obama calls African-Americans a ‘mongrel people’ President


Obama waded into the national race debate in an unlikely setting and
with an unusual choice of words: telling daytime talk show hosts that
African-Americans are “sort of a mongrel people.”

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.

Source of leaked military docs unknown: WikiLeaks While the United


States is trying to hunt for the individual behind the massive leak of
US military data on Afghanistan war, the whistleblowers’ website, that
made the 91,000 classified documents available to the world, has said
that the source of leak is unknown.

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.

Congress extends war funding for Afghanistan Baltimore Co. Independent


Examiner | Congress voted to extend funding for the war in
Afghanistan by an additional $59 billion late on Tuesday.

Kucinich: 92,000 reasons to end the wars AFP | US lawmakers opposed to


the Afghan war, emboldened by a huge leak of military files on the
conflict, pushed Tuesday for pulling US forces from Pakistan.

Infowars.com Poll: Majority Believe Road Warrior Depression Coming Kurt


Nimmo | Like the Great Depression, the Greatest Depression now
being scientifically created has a specific agenda in mind.

On the Bloated Intelligence Bureaucracy

Disappearing Act: $8.7 Billion of Iraq Development Money Missing Kurt


Nimmo | Government says it is all the fault of shoddy accounting
practices.

Ahmadinejad: US Expansion Of War In Middle East Imminent Steve Watson


| Tensions rise with saber rattling rhetoric.

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”.

Iran accuses US and UK of supporting group behind mosque attacks Iran is


vowing to hunt down a Sunni separatist group which claimed
responsibility for a double suicide bombing that killed 28 people at a
mosque in the south-eastern city of Zahedan.

US, NATO behind Iran bombings: MP An Iranian lawmaker slams the recent
bombings in the country’s southeast as a plot by Western military
forces in the Middle East to spread terror on Iran’s borders.

WASHPOST Ombudsman: Why Silence on Black Panther Story?


(Washington Post) ‘Thursday's Post reported about a growing controversy
over the Justice Department's decision to scale down a voter-intimidation
case against members of the New Black Panther Party. The story
succinctly summarized the issues but left many readers with a question:
What took you so long? For months, readers have contacted the
ombudsman wondering why The Post hasn't been covering the case. The
calls increased recently after competitors such as the New York Times and
the Associated Press wrote stories. Fox News and right-wing bloggers
have been pumping the story. Liberal bloggers have countered, accusing
them of trying to manufacture a scandal. But The Post has been virtually
silent. The story has its origins on Election Day in 2008, when two
members of the New Black Panther Party stood in front of a Philadelphia
polling place. YouTube video of the men, now viewed nearly 1.5 million
times, shows both wearing paramilitary clothing. One carried a
nightstick…’

Latino KKK: You are too white to be American! ALIPAC | Tan Klan woman
can scream racist comments because the Obama administration and most
of the major news networks in America have her back.

‘West, israel linked to SE Iran blasts’ A ranking official with the Islamic
Revolution Guards Corps (IRGC) has implicated “the us, israel and
some european countries” in the deadly blasts in the southeastern
Iranian city of Zahedan.

De-classified Vietnam-era Transcripts Show Senators Knew Gulf Of Tonkin


Was A Staged False Flag Event Over 1,100 pages of previously
classified Vietnam-era transcripts released this week by the Senate
Foreign Relations Committee highlight the fact that several Senators
knew that the White House and the Pentagon had deceived the
American people over the 1964 Gulf of Tonkin incident.

Afghans march in Kabul to denounce NATO strikes that killed civilians:


Demonstrators shout anti-American slogans, denounce NATO strikes
(Washington Post ) Sounds like a plan! Almost surreal was the
appearance of gates on failed network ‘news’ show to shill the non-
strategy of draw down (of troops) linked to success. What success?
Just being there and every day they’re there is unequivocally abject
failure. Celebritology Weekend: Angelina Jolie biography arrives;
Heidi Montag files for divorce (Washington Post ) I usually don’t weigh
in on entertainment news, but this headline concerning what appears
to be a disparaging, and quite selectively so, purported biography of
Angelina Jolie is very disheartening when you consider the numerous
instances of failed leadership at nearly all very high levels of
government having so detrimental an impact on the world, that
morton deems his time appropriate to an actress who has actually
tried to do good things (U.N., etc.) without having to. Indeed, even her
latest film ‘Salt’ (spectacular by any standard as is her performance –
there are at least 2 winning sequels there with 4 the max and
stretching it owing to age – she puts all, and I mean all the ‘Bonds’ to
shame) had an important message in terms of the damage to this
nation by a seemingly endless, nation-bankrupting, anti-american (war
criminal israelis already, and quite correctly, globally hated) sentiment
producing war strategy that is neither strategy nor reasonably
consistent with any positive american goal / objective; but rather is
such a debacle and folly that the same could very well be one that
only an enemy of defacto bankrupt america could hatch and for the
reasoning set forth in the well-written / directed film. She astutely
observed and talked about the synchronicity of the film as juxtaposed
to recent events revealing that she is wiser than most in Washington.

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.
[$$] Prepping for a Data-Filled Friday [Writing covered calls is an
interesting, conservative financial strategy that certainly can enhance
overall return, but as well, limit upside potential / capital gains … which in
this market is ‘no problemo’ whatsoever, reality considered ]‘There were
several folks out this morning yelling to buy the dip (Jim Cramer was one
of them), and traders who followed that advice did pretty well. Rather than
buying the dip, I used the initial drop to escape some positions I thought
were going to expire worthless, then I used the bounce to lighten up more.
Bears were able to get the SPDR back under the $108.75 to $108.88 area,
which I see as key right now. Another Friday and I'm curious to see any
impact from the weekly options. Will the big names be stuck right around
the strikes where they stand now? Unfortunately, the bigger tech names
are closer to their downward strikes than their higher strikes, so that could
pressure the market. One name that doesn't seem to care is Baidu. It is
right in between the $80 and $85 strike right now, so...’

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.

U.S. trade deficit startles markets (Washington Post) [ Unexpectedly? I


don’t think so! And, I have my site, other references / links and posts to
prove it; and, what’s more, I’m not alone. After all, what are NAFTAs for
anyway. However, I also must candidly admit I don’t frequent the
mainstream blather / propaganda that includes the ‘money-honeys’ (when
the messenger’s more important than the message, problems and
distortions are bound to follow) and their ilk, etc.. NBR’s about it and even
they have their pressures (I don’t consider the Washington Post
mainstream in the pejorative sense of the word, with a rich journalistic
history to back that up, all things considered) ]. Unexpectedly bad news
from three continents reinforces fears that global recovery is faltering.

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.]

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.

Resistance on Gaza flotilla came as surprise (Washington Post, 8-12-10)


Oh, please! Spare me the b*** s***! You’re hurting my ears and eyes!
There’s no excuse for what are typical militant, belligerent,
provocative, war criminal israeli actions, to america’s and the world’s
detriment. For one to buy into the typical israeli line they’d have to be
deaf, dumb, and blind; and particularly, self-destructively foolish. It’s
sadly always the same old story with the bloodthirsty israelis, with the
few exceptions, bright lights as they were, ie., Christ, Rabin, etc.,
meeting the same bloody and dismal fate.

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.

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.

San Francisco Fed: “A Recessionary Relapse Is A Significant Possibility


Sometime In The Next Two Years” [ Picture the fed as a pseudo ninja
with fancy foreplay / motions getting decked / ‘koed’ with a simple
right-hook to the jaw by the antagonist named reality. All this
finagling, manipulation, fiat currency over-printing, and nation
bankrupting debt, and … nothing / nada / ‘growth ‘ estimates revised
downward, unemployment unabated since economic reality figures
somewhat in hiring to say the least, and jobs transferred overseas
ain’t comin’ back. Quite simply, this is a depression no matter what
they call it! ] Presented without commentary, suffice to say that idiots
who look at the LEI and factor for the curve inversion subindicator
deserve all they get.

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

When perusing the headlines and the following, I immediately thought


‘between Iraq and a hard place (Afghanistan and america’s defacto
bankruptcy)’:

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.

Impoverished U.S. City Will Close Libraries Mob infested, pervasively


corrupt jersey’s most impoverished city will close all three branches
of its public library at year’s end unless a rescue can be pulled off.
Camden’s library board says the libraries won’t be able to afford to
stay open past Dec. 31 because of budget cuts from the city
government. The city had its subsidy from the state cut.

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.

IRS To Withhold Indicator That Shows Refunds Owed To Taxpayers Think


of all the budget savings from the ever increasing lack of
transparency.

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.’

Were Unemployment Claims Really So 'Unexpected'?

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.

Journalists Still Hiding Obama’s Broken Promises on Jobs On Aug. 6,


everyone’s attention will be fixed on the release of July’s
unemployment numbers. The national unemployment rate is forecast
to increase to 9.6 percent, according to Bloomberg News’ survey.

Gold Alternative To Debt and Market Manipulation The Keynesians are on


the edge of implementing more quantitative easing (QE) as we
predicted they would.

11 Reasons Why The Federal Reserve Is Bad Millions of Americans are


waking up to the fact that the Federal Reserve is bad, but very few of
them can coherently explain why this is true.

WE’RE UNDERESTIMATING THE BEARISH POTENTIAL Simon Maierhofer,


August 3, 2010
’… Will Anything Stop the Market? Something Did
… At the same time, the April numbers were lowered the second time by an
additional 24,000 units, while May sales were revised lower by 33,000 units.
To summarize, April and May sales were reduced by 57,000 units.
Therefore, June sales were 24% above May sales. By the way, May sales
were the lowest on record…

Treasury Secretary Timothy Geithner: Unemployment Could Go Up Before


It Comes Down [Ooooh! Sounds like a plan ‘tiny tim’! … God bless us
everyone! ] Treasury Secretary Timothy Geithner acknowledged that it
is still a “tough economy” for most Americans, and warned it’s
possible the unemployment rate will go up for a couple of months
before it comes down as more people enter the labor force.

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.

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?)

Temporary Firehouse Closures Begin In Philadelphia CBS 3 | The city of


Philadelphia has started temporarily closing fire stations in order to
balance its budget.

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’!

They’re losing their minds in china:


Silicon Alley Insider: ‘… The first big economic news of the week was
the Chinese PMI which indicated that Chinese manufacturing was
inching ever closer to contraction. But contrary to the expectations of
some, it did not spook investors. In fact, Asia had a very big night,
with Shanghai gaining about 1.3% …’;

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!

This is an especially great opportunity to sell / take profits since there is


much worse to come!

Warning Signs Suggest Market Headed for Another Collapse

INSIDER TRANSACTIONS (Washington Post) 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.

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
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.

alan greenspan: “The Financial System Is Broke” We will be in deflation


until the broke financial system becomes unbroke… and then we will
have hyperinflation. [Little bit late to be talkin’ the obvious truth!]

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.

Foreclosures Continue To Dramatically Increase In 2010 Economic Collapse


| RealtyTrac says that unemployment has become the major reason
for foreclosures. In a very alarming sign for the U.S. economy,
foreclosures have continued to dramatically increase in 2010. But
there has been a shift.

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.

Stocks' Late Push: Some Optimism, Some Pessimism [Late push … as in a


constipated bowel movement … Come on! Another one of those push 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. ].

Slowing economic rebound raises unemployment fears (AP) [Wow! Talk


about understatements!]

China Becomes Second Biggest World Economy China has overtaken


Japan to become the world’s second-largest economy, the fruit of
three decades of rapid growth that has lifted hundreds of millions of
people out of poverty.

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.

Cash-starved California orders unpaid leave for workers California


Governor Arnold Schwarzenegger declared a fiscal state of
emergency Wednesday, requiring most state employees to take three
days of unpaid leave per month until a new budget is enacted.

The Obama Administration Tries To Propagandize Its Way To An Economic


Recovery Yesterday we noted how, absurdly, The White House blog
was trumpeting a new cheap housing program as part of its recovery
efforts.

Fed says some districts report slowing economy (Reuters)

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.

Regulatory Magic President Obama has signed the financial industry


regulatory overhaul — officially, the Dodd-Frank Wall Street Reform
and Consumer Protection Act. Predictably, what he said about it
cannot possibly be true.

Jim Rogers Calls CNBC A Market PR Agency Whose Sole Purpose Is To


Make Stocks Go Higher A “cheeky” Jim Rogers appeared earlier on
CNBC Europe (which incidentally is orders of magnitude better than
its US equivalent), and confirmed the depths to which the once
relevant and informative TV station has now fallen.

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.

Smoking Guns of U.S. Treasury Monetization Kitco | A significant feature of


fiat money systems is the privilege for the custodian of the reserve
currency to engage in regular practices of ham-fisted monetary
management.

Banking Disaster Largely Ignored By Mainstream Media Greg Hunter | It is


amazing to me how little time the mainstream media is spending on
this unfolding financial disaster and how much time it is devoting to
things like Mel Gibson’s domestic problems.

Moody's: Regional banks on review for downgrade (AP)

Consumer confidence dims (Reuters) Job worries drove July U.S.


consumer confidence to its lowest since February, with one in six people
expecting lower income in the next six months, underscoring the
precarious state of econo...

Global steelmakers paint gloomy picture (Reuters)

State budget gaps total $84 billion: study

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.

China Calls Our Bluff: “The US is Insolvent and Faces Bankruptcy as a


Pure Debtor Nation but [U.S.] Rating Agencies Still Give it High
Rankings” America’s biggest creditor – China – has called our bluff.

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 …

On the Disconnect Between the Market and the Economy Michael


Shulman:

• The index of leading economic indicators fell 0.2% in June, the


second drop in three months. A negative surprise.

• Unemployment claims rose to 464,000, more than expected.

• Uncle Ben said we are facing a period of “unusual uncertainty.” No


kidding.

• Uncle Ben said we need continuing stimulus to a Congress unwilling


to stimulate anyone or anything other than lobbyists with cash to
contribute.

• Home sales fell 5.1% in June…’

(No recession helicopter ben) Bernanke Admits Major Policy Failures;


Stocks Soar Darryl Montgomery What's wrong with this picture? In his bi-
annual testimony before Congress yesterday, Fed Chair Ben Bernanke
admitted that after more than a year and a half of zero interest rates and $3
trillion in federal deficit spending since 2008, the best case scenario for the
U.S. economy is slow growth and high unemployment. The S&P 500 is up
2.5% so far this morning on this 'good' news. Bernanke's congressional
testimony included the following statements (emphasis added by me):

"Most [FOMC] participants viewed uncertainty


about the outlook for growth and unemployment
as greater than normal, and the majority saw [at
the June Fed meeting] the risks to growth as
weighted to the downside."

"Financial conditions--though much improved


since the depth of the financial crisis--have
become less supportive of economic growth in
recent months."
"Many banks continue to have a large volume of
troubled loans on their books, and bank lending
standards remain tight. With credit demand weak
and with banks writing down problem credits,
bank loans outstanding have continued to
contract."

"After two years of job losses, private payrolls


expanded at an average of about 100,000 per
month during the first half of this year, a pace
insufficient to reduce the unemployment rate
materially. In all likelihood, a significant amount of
time will be required to restore the nearly 8-1/2
million jobs that were lost over 2008 and 2009."…

Serious Analysis has given rise to a realistically mocking view of the


current fraud on wall street:

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 ...

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.

Obama Approval Rating Revisits Rock Bottom Despite Positive Media Spin

Cybersecurity Lie Exposed: Power Plants Are Not Connected To The


Internet Senator Joe Lieberman’s draconian Internet takeover
legislation Vegetable zionist Zelig joe lieberman’s Model For
America: Purging The Internet of Dissent When political Zelig joe
lieberman
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.

Activists Take On Fluoridated Water in Wichita Concerned citizens in


Wichita, Kansas, have informed that city’s public officials about a
poster campaign designed to inform the public about the health
hazards of water fluorination.

Illegal Immigrants Account for 8% of U.S. Newborns, Study Shows As many


as 340,000 of the 4.3 million babies born in the U.S. in 2008 had at
least one parent who was an illegal immigrant, according to a Pew
Hispanic Center study of Census Bureau data.

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.

Anderson Cooper Apologizes For Media Complicity In Tillman Cover-Up


Interview with Pat Tillman’s father about new documentary exposing
how the government with help from the media used Pat Tillman’s
death to promote the war.

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.

Infowars.com Poll: Attack On Iran Imminent Kurt Nimmo | Nearly 60%


of respondents to an Infowars.com poll believe the U.S and Israel will
attack Iran in the near future.
Activists Take On Fluoridated Water in Wichita Infowars.com |
Concerned citizens in Wichita, Kansas, have informed that city’s
public officials about a poster campaign designed to inform the public
about the health hazards of water fluorination.

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.

Economy Teeters On The Brink and Market Manipulation Continues


Bob Chapman | It’s just the same old, same old, business as usual in
America.

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.
The Cycle of Violence in Afghanistan Last week the National Bureau of
Economic Research published a report on the effect of civilian
casualties in Afghanistan and Iraq that confirmed what critics of our
foreign policy have been saying for years: the killing of civilians,
although unintentional, angers other civilians and prompts them to
seek revenge. This should be self-evident.

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.

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.!!

Wheat Crisis Threatens Inflationary Timebomb, Food Riots Russia’s ban on


wheat exports following widespread fires in the country sent food
prices skyrocketing by 19 per cent in just a single week as fears grow
that global volatility in foodstuffs and commodities could lead to a
worldwide inflationary timebomb accompanied by widespread food
riots.

The Obama presidency increasingly resembles a modern-day Ancien


Régime: extravagant and out of touch with the American people What
the great French historian Alexis de Tocqueville would make of
today’s Obama administration were he alive today is anyone’s guess.

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.].

Wow! Talk about stretchin’ it! Alleged by black shooter: prejudice


displayed by company as they fired thornton for stealing / selling the
company’s beer he was supposed to be delivering … The ultimate
race card … Riiiiight! You can’t make this stuff up! Fatal Shootings
Reponse: 'No One Died After Police Arrived On Scene' Hartford
Courant - As police on Friday concluded their on-scene investigation
into Tuesday's mass killing at Hartford Distributors, they also began
evaluating their response to the tragedy. Police arrest woman they
say accepted beer from Connecticut shooter CNN Omar Thornton 911
Call: "I Wish I Could Have Got More of the People" CBS News
Voters Reject Notion That “Government Can Do Anything It Likes” A
Rasmussen poll indicates that an overwhelming eighty-six percent
(86%) of voters nationwide say there should be “limits on what the
federal government can do”, in response to recent comments from
pro-Obamacare Congressman Pete Stark.

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.

Fluoride Truth on Australian TV – Fluoride Retards the Brain TV NEWS


show exposes Fluoride for what it is – poison!

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.

Material girl Michelle Obama is a modern-day Marie Antoinette on a glitzy


Spanish vacation NY Daily News | But while most of the country is
pinching pennies and downsizing summer sojourns – or forgoing
them altogether – the Obamas don’t seem to be heeding their own
advice.

SEC Probes BP Potential Insider Trading: Sources Reuters | U.S. securities


regulators are investigating whether people may have illegally profited
from trading on nonpublic information at BP in the weeks following
the disastrous Gulf oil spill.

Rockefeller Foundation Developed Vaccines For “Mass-Scale” Fertility


Reduction In its 1968 yearly report, the Rockefeller Foundation
acknowledged funding the development of so-called “anti-fertility
vaccines”

The Psychology of Conspiracy Denial Wired Magazine writer Jonah Lehrer


attempts to offset the overwhelmingly critical response to his attack
on Alex Jones by characterizing skepticism of authority in the context
of vaccines and mass medication as a psychological dysfunction,
despite the fact that the history of government-funded medical
research in the United States is replete with examples of scientific
abuse against unwitting victims.

Enemy hyped assassination: Iran pres. Iran’s President Mahmoud


Ahmadinejad rejects reports about an assassination attempt on his
life in Hamadan Province as a plot hatched by the enemies.

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.
Preparing for World War III, Targeting Iran Humanity is at a dangerous
crossroads. War preparations to attack Iran are in “an advanced state of
readiness”. Hi tech weapons systems including nuclear warheads are fully
deployed.

Pentagon tells WikiLeaks: "Do right thing" (Reuters) [Great advice … if


only the endless war, military complex based pentagon could take it!] The
Pentagon demanded on Thursday that whistle-blower web site WikiLeaks
immediately hand over about 15,000 secret Afghan war records it had not
yet published and erase material it had alrea…

US faces deadliest month in Afghan war With 63 US service members


killed, July has become the deadliest month for American forces
stationed in war-torn Afghanistan.

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.

President Obama calls African-Americans a ‘mongrel people’ President


Obama waded into the national race debate in an unlikely setting and
with an unusual choice of words: telling daytime talk show hosts that
African-Americans are “sort of a mongrel people.”

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.
Source of leaked military docs unknown: WikiLeaks While the United
States is trying to hunt for the individual behind the massive leak of
US military data on Afghanistan war, the whistleblowers’ website, that
made the 91,000 classified documents available to the world, has said
that the source of leak is unknown.

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.

Congress extends war funding for Afghanistan Baltimore Co. Independent


Examiner | Congress voted to extend funding for the war in
Afghanistan by an additional $59 billion late on Tuesday.

Kucinich: 92,000 reasons to end the wars AFP | US lawmakers opposed to


the Afghan war, emboldened by a huge leak of military files on the
conflict, pushed Tuesday for pulling US forces from Pakistan.

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!

Infowars.com Poll: Majority Believe Road Warrior Depression Coming Kurt


Nimmo | Like the Great Depression, the Greatest Depression now
being scientifically created has a specific agenda in mind.

On the Bloated Intelligence Bureaucracy

Disappearing Act: $8.7 Billion of Iraq Development Money Missing Kurt


Nimmo | Government says it is all the fault of shoddy accounting
practices.

Ahmadinejad: US Expansion Of War In Middle East Imminent Steve Watson


| Tensions rise with saber rattling rhetoric.

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”.

Iran accuses US and UK of supporting group behind mosque attacks Iran is


vowing to hunt down a Sunni separatist group which claimed
responsibility for a double suicide bombing that killed 28 people at a
mosque in the south-eastern city of Zahedan.

US, NATO behind Iran bombings: MP An Iranian lawmaker slams the recent
bombings in the country’s southeast as a plot by Western military
forces in the Middle East to spread terror on Iran’s borders.

WASHPOST Ombudsman: Why Silence on Black Panther Story?


(Washington Post) ‘Thursday's Post reported about a growing controversy
over the Justice Department's decision to scale down a voter-intimidation
case against members of the New Black Panther Party. The story
succinctly summarized the issues but left many readers with a question:
What took you so long? For months, readers have contacted the
ombudsman wondering why The Post hasn't been covering the case. The
calls increased recently after competitors such as the New York Times and
the Associated Press wrote stories. Fox News and right-wing bloggers
have been pumping the story. Liberal bloggers have countered, accusing
them of trying to manufacture a scandal. But The Post has been virtually
silent. The story has its origins on Election Day in 2008, when two
members of the New Black Panther Party stood in front of a Philadelphia
polling place. YouTube video of the men, now viewed nearly 1.5 million
times, shows both wearing paramilitary clothing. One carried a
nightstick…’

Latino KKK: You are too white to be American! ALIPAC | Tan Klan woman
can scream racist comments because the Obama administration and most
of the major news networks in America have her back.

‘West, israel linked to SE Iran blasts’ A ranking official with the Islamic
Revolution Guards Corps (IRGC) has implicated “the us, israel and
some european countries” in the deadly blasts in the southeastern
Iranian city of Zahedan.

De-classified Vietnam-era Transcripts Show Senators Knew Gulf Of Tonkin


Was A Staged False Flag Event Over 1,100 pages of previously
classified Vietnam-era transcripts released this week by the Senate
Foreign Relations Committee highlight the fact that several Senators
knew that the White House and the Pentagon had deceived the
American people over the 1964 Gulf of Tonkin incident.

Afghans march in Kabul to denounce NATO strikes that killed civilians:


Demonstrators shout anti-American slogans, denounce NATO strikes
(Washington Post ) Sounds like a plan! Almost surreal was the
appearance of gates on failed network ‘news’ show to shill the non-
strategy of draw down (of troops) linked to success. What success?
Just being there and every day they’re there is unequivocally abject
failure. Celebritology Weekend: Angelina Jolie biography arrives;
Heidi Montag files for divorce (Washington Post ) I usually don’t weigh
in on entertainment news, but this headline concerning what appears
to be a disparaging, and quite selectively so, purported biography of
Angelina Jolie is very disheartening when you consider the numerous
instances of failed leadership at nearly all very high levels of
government having so detrimental an impact on the world, that
morton deems his time appropriate to an actress who has actually
tried to do good things (U.N., etc.) without having to. Indeed, even her
latest film ‘Salt’ (spectacular by any standard as is her performance –
there are at least 2 winning sequels there with 4 the max and
stretching it owing to age – she puts all, and I mean all the ‘Bonds’ to
shame) had an important message in terms of the damage to this
nation by a seemingly endless, nation-bankrupting, anti-american (war
criminal israelis already, and quite correctly, globally hated) sentiment
producing war strategy that is neither strategy nor reasonably
consistent with any positive american goal / objective; but rather is
such a debacle and folly that the same could very well be one that
only an enemy of defacto bankrupt america could hatch and for the
reasoning set forth in the well-written / directed film. She astutely
observed and talked about the synchronicity of the film as juxtaposed
to recent events revealing that she is wiser than most in Washington.

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.

Military experience helps shape future career success (Washington Post)


[Oh yes. That now typical american government / military experience;
born of nothing and offering nothing of real value morphing into that
so-called conduit for treasury-draining money flows aka the infamous
consultant]. John Morgan's service in the Navy propels him to greater
responsibilities at the Pentagon, and eventually to a consulting
position with Toffler Associates.

INSIDER TRANSACTIONS (Washington Post) APPOINTMENTS: Insider


Transactions: Appointments (Washington Post) Yes, it all sounds like
a plan! A bad one for most; but, lucrative for a few, as is so with crime
in the general sense.

The anti-business president's pro-business recovery(Washington Post)


[First, what recovery? He’s just with open-eyes transferred treasury /
taxpayer dollars to fraudulent wall street et als including the military
complex while incurring unsustainable debt loads for already defacto
bankrupt america. Others have already recognized this reality. Is
Obama a Marxist? He Works for the Bankers Poll: Waning support
for Obama on wars Support for Obama’s wars fell to 36%, down from
48% - reality: 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.

In Iraq, $2.6B unaccounted for (Washington Post) [Daaah! Fog of war


frauds among others; the nation’s treasury pillaged and plundered; I’ve
previously commented here and included on my website
http://albertpeia.com , see infra] Pentagon can't account for how it spent
$2.6 billion of Iraqi oil proceeds, an IG report says.

Articles on Catherine Austin Fitts' Blog: http://solari.com


Billions over Baghdad Barlett and Steele - Vanity Fair September 2007
Those Who Blow Whistle on Contractor Fraud in Iraq Face Penalties
Hastings - AP 2007
Auditor Quits with NASA Finances in ChaosBy Nag and
Zabarenko2004
The War on WasteCBS News Citing "cooked books" at DOD, Rumsfeld
on the missing $2.3 trillion, 2002
Military Stashes Covert Millions St. Petersburg Times 2003

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."

San Francisco Fed: “A Recessionary Relapse Is A Significant Possibility


Sometime In The Next Two Years” [ Picture the fed as a pseudo ninja
with fancy foreplay / motions getting decked / ‘koed’ with a simple
right-hook to the jaw by the antagonist named reality. All this
finagling, manipulation, fiat currency over-printing, and nation
bankrupting debt, and … nothing / nada / ‘growth ‘ estimates revised
downward, unemployment unabated since economic reality figures
somewhat in hiring to say the least, and jobs transferred overseas
ain’t comin’ back. Quite simply, this is a depression no matter what
they call it! ] Presented without commentary, suffice to say that idiots
who look at the LEI and factor for the curve inversion subindicator
deserve all they get.
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.

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.

Treasury Secretary Timothy Geithner: Unemployment Could Go Up Before


It Comes Down [Ooooh! Sounds like a plan ‘tiny tim’! … God bless us
everyone! ] Treasury Secretary Timothy Geithner acknowledged that it
is still a “tough economy” for most Americans, and warned it’s
possible the unemployment rate will go up for a couple of months
before it comes down as more people enter the labor force.
Accountability is unclear in israeli probe of flotilla raid (Washington Post)
Oh, come on! An israeli probe of an israeli massacre of civilians. Time
for israel to pay; for illegal nukes, for violations of international law,
for continued violations of u.n. resolutions, for provocations as
pretexts to sabotage peace talks, and on and on ad nauseum. Why
does america among other nations feel compelled to sacrifice
themselves for the sake of a global criminal nation with an insatiable
greed and blood-thirst as israel?

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.

China orders closure of more than 2,000 factories Associated Press


(Washington Post) [ Riiiight! The ultimate environmentalists. The
communist Chinese. How ‘bout that’s the China bubble bursting that
you hear / see! Be sure to wear some flowers in your hair… if you’re
goin’ to san fran Beijing, your goin’ to meet some gentle people there
… ] China orders 2,087 steel and cement mills and other factories
with poor energy efficiency to close as the country struggles to
improve its battered environment.

(08-09-10) 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.

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.

Post Co. reports big increase in second-quarter earnings Congratulations


to the Washington Post for well deserved results! A testament to the
fact that excellence in fearless journalism has its rewards! … If not
the Post, then who? … :

Economist sticks by stimulus, regrets call on jobless rate (Washington


Post) Well, they skipped the ‘fall on her sword for the sake of the empire’
part, albeit a defacto bankrupt empire … or, maybe that’s why she was
chosen … because she’s a Rome ..r. I’m still perplexed since ‘no-recession-
helicopter-ben’ bernanke and senile greenspun have far worse track
records and indeed have been causative agents for crises owing to their
consistent ‘misdiagnoses’, and as if tenured to said position received no
such critical, job-jeopardizing scrutiny ( I’d abolish the fed, absent full audit
/ transparency. In other words, I’d abolish the fed).

Treasury Secretary Timothy Geithner: Unemployment Could Go Up Before


It Comes Down [Ooooh! Sounds like a plan ‘tiny tim’! … God bless us
everyone! ] Treasury Secretary Timothy Geithner acknowledged that it
is still a “tough economy” for most Americans, and warned it’s
possible the unemployment rate will go up for a couple of months
before it comes down as more people enter the labor force.

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.
alan greenspan: “The Financial System Is Broke” We will be in deflation
until the broke financial system becomes unbroke… and then we will
have hyperinflation. [Little bit late to be talkin’ the obvious truth!]

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.

Wow! Talk about stretchin’ it! Alleged by black shooter: prejudice


displayed by company as they fired thornton for stealing / selling the
company’s beer he was supposed to be delivering … The ultimate
race card … Riiiiight! You can’t make this stuff up! Fatal Shootings
Reponse: 'No One Died After Police Arrived On Scene' Hartford
Courant - As police on Friday concluded their on-scene investigation
into Tuesday's mass killing at Hartford Distributors, they also began
evaluating their response to the tragedy. Police arrest woman they
say accepted beer from Connecticut shooter CNN Omar Thornton 911
Call: "I Wish I Could Have Got More of the People" CBS News

Recovery sputters as companies add few jobs (Washington Post) ‘The


nation’s economic recovery continued to sputter in July as employers
kept shedding jobs and 181,000 discouraged workers dropped out of
the labor force, according to a government report released Friday… ‘
[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 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

Treasury Secretary Timothy Geithner: Unemployment Could Go Up Before


It Comes Down [Ooooh! Sounds like a plan ‘tiny tim’! … God bless us
everyone! ] Treasury Secretary Timothy Geithner acknowledged that it
is still a “tough economy” for most Americans, and warned it’s
possible the unemployment rate will go up for a couple of months
before it comes down as more people enter the labor force.
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.

Foreclosures Continue To Dramatically Increase In 2010 Economic Collapse


| RealtyTrac says that unemployment has become the major reason
for foreclosures. In a very alarming sign for the U.S. economy,
foreclosures have continued to dramatically increase in 2010. But
there has been a shift.

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.

Retailers' back-to-school blues (Washington Post) Sounds like a plan! The


back-to-school part; and make sure the frauds on wall street along
with capital hill are with them … you know, for the readin’, ‘ritin’, and
‘rithmetic, among other fundamentals that they’ve forgotten or never
learned. Like adding/subtracting on capital hill,
economics/finance/accounting on wall street, etc.. Drogen doesn’t
believe they can so this day he’s Stepping Aside Because I Can
Always Buy Back In Leigh Drogen ‘I sold out of everything this
morning, for a few reasons.(infra)

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.

40 billionaires join Gates, Buffett in pledge to give half their fortunes to


charity (Washington Post) I thought 100% the number, and will wait till
I see it. Still, no small potatoes here. Sounds like an estate plan or
maybe … Virginia's inner struggle to get off the scotch tax
(Washington Post) Beats moonshinin’ say the virginia hillbillies …
those darn revenuers!

Geithner: Extending Bush tax cuts is a '$700 billion mistake' (Washington


Post) ‘God bless us, everyone’ says that little teddy, tiny tim geithner,
a lover of taxes himself and statutes of limitation concerning same.

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’.

Comment on: Jobs in the cards? at 8/4/2010 6:11 AM EDT


How Obama can help small business (Washington Post) You’re a bit late …
they’ve already decided how to help … you might call their plan of putting
them out of their vaunted misery mercy killing, euthanasia, etc..

FHA: Mortgage insurance claims down (Washington Post) At least


somethin’s goin’ up, according to tiny tim ‘God bless us, everyone’!
Treasury Secretary Timothy Geithner: Unemployment Could Go Up Before
It Comes Down Infowars.com - [Ooooh! Sounds like a plan ‘tiny tim’! …
God bless us everyone! ] Treasury Secretary Timothy Geithner
acknowledged that it is still a “tough economy” for most americans, and
warned it’s possible the unemployment rate will go up for a couple of
months before it comes down as more people enter the labor force.

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.

Drudgereport: NEW LOW FOR O: USATODAYGALLUP HAS OBAMA


APPROVE AT 41%...
Americans swap passports; Desire to avoid tax leads some to renounce
citizenship...
FALTERING RECOVERY TRIPS DOLLAR...
GM, FORD and CHRYSLER Sales All Lag Estimates...

Comment on: FHA is in better shape than expected at 8/4/2010 5:55 AM


EDT
FHA: Mortgage insurance claims down (Washington Post) At least
somethin’s goin’ up, according to tiny tim ‘God bless us, everyone’!
Treasury Secretary Timothy Geithner: Unemployment Could Go Up Before
It Comes Down Infowars.com - [Ooooh! Sounds like a plan ‘tiny tim’! …
God bless us everyone! ] Treasury Secretary Timothy Geithner
acknowledged that it is still a “tough economy” for most americans, and
warned it’s possible the unemployment rate will go up for a couple of
months before it comes down as more people enter the labor force.

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.

Comment on: Democrats turn to manufacturing for jobs at 8/4/2010 4:52 AM


EDT
Manufacturing focus of jobs plan (Washington Post) L’il bit late, but,
sounds like a plan. The government’s defacto bankrupt, but, they could
always use an extra pen or two for signing those spending bills. No bics
allowed. Made in usa pens only. Ah! But alas. Defacto bankrupt america’s
expertise now lies in manufacturing wars.

Treasury Secretary Timothy Geithner: Unemployment Could Go Up Before


It Comes Down [Ooooh! Sounds like a plan ‘tiny tim’! … God bless us
everyone! ] Treasury Secretary Timothy Geithner acknowledged that it
is still a “tough economy” for most Americans, and warned it’s
possible the unemployment rate will go up for a couple of months
before it comes down as more people enter the labor force.

22 Statistics About America’s Coming Pension Crisis That Will Make You
Lose Sleep At Night

Americans who swap passports americans hoping to give up their


citizenship… (sure sign of insanity … I mean, Orwellian england of all
places?)

In devising punishments, SEC faced with competing interests (Washington


Post) The best punishment and the greatest deterrent is to assure that
the wall street frauds et als are criminally prosecuted, jailed, fined,
and disgorgement imposed; that is, to forfeit what they stole by
fraudulent means (remember, the bad paper is still out there but I
believe slowly but surely and very selectively being supplanted by
hard, albeit fiat currency) at the least. The cost to the treasury /
taxpayer has been enormous and hence, the resistance to
transparency / audit. The wall street perps should pay, and as yet,
they haven’t.

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?

Bernanke: Long road back to economic health (Washington Post) No-


recession helicopter ben, waxing philosophical while strumming a few
lines from the Beatle’s ‘Long and Winding Road’ with great emotion
that makes us feel for that poor sot … or snot … or NOT!

Slowing economic rebound raises unemployment fears (AP) [Wow! Talk


about understatements!]
China Becomes Second Biggest World Economy China has overtaken
Japan to become the world’s second-largest economy, the fruit of
three decades of rapid growth that has lifted hundreds of millions of
people out of poverty.

Obama's 'I told you so' on autos (Washington Post) Riiiiight, wobama. One
out of thousands of things you said (laws of ‘random probability’ on
your side), all total b*** s***, ain’t nothin’ to crow about … and, by not
standing by things wobama said, the nation’s more bankrupt!

For some, power is money (Washington Post) ‘Montgomery workers lose


wages as they wait for power to return’ … Sounds like a plan … waiting
for Godot …
PricewaterhouseCoopers laying off 500 employees (Washington Post)
Well, the least you can say for these accountants is that unlike washington,
they can do basic math (add / subtract).

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.

U.S. recovery hopes fade as economic growth dips (Washington Post)


Gross domestic product is not rising fast enough to ease unemployment …

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!

Afghan spending faces scrutiny (Washington Post) Wow! Talk


about a little bit late for that. Oh, right … they were busy spending
money the nation doesn’t have on other things. Congress extends war
funding for Afghanistan Disappearing Act: $8.7 Billion of Iraq
Development Money Missing Kurt Nimmo | Government says it is all
3 U.S. troops die in
the fault of shoddy accounting practices.
Afghan war's deadliest month (Washington Post 7-
30-10) World News Digest: a Worth it? 4 U.S. troops die in bomb
blast in south Afghanistan (AP, July 24, 2010) ‘There will be blood’ …
whoops, that’s oil, wrong movie theme. This one’s about heroin trade.
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. Three U.S. Embassy guards killed in rocket attack in
Baghdad's Green Zone (Washington Post) Big yes there since ‘The
Green Zone’ got Hollywood movie status. Bomb near Iraq mosque
kills 15; U.S. soldier dies in road blast (Washington Post, July 22,
2010) But guess what … none of that’s worth it; even for volunteer
soldiers whose suicide rate is unprecedented owing to this pointless,
meaningless conflagration for the sake of the military industrial
complex and the enrichment of the few; and, to which Pat Tillman was
to attest which got him fragged.

Middle East Digest (Washington Post) Witnesses report Israeli airstrikes in


Gaza

Previous-Mideast Digest Israeli shelling kills 2 wounds 6 Gaza civilians:


(Washington Post) [War criminal israelis justified their attack saying when
the 10 year old girl grew up to be a woman she’d be prepared to fire rockets
at them]

In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the


creation of a Jewish state in Palestine, warned that, even though failure to
go along with the Zionists might cost President Truman the states of New
York, Pennsylvania, and California, it was about time that somebody
should pay some consideration to whether we might not lose the United
States. Mr. Forrestal was absolutely correct! Isn’t that exactly what’s
happened to defacto bankrupt america in intractable decline.

TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND


ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL
Adding profits but subtracting workers (Washington Post) Sounds like an
american strategy as on wall street launched pleine lune, vollmond,
luna ilena, plenilunio, pełnia księżyca, or full moon in English. You
know, despite warnings from the very sane Ross Perot very near
labeled a lunatic, the lunatics on wall street and elsewhere ‘figured’ how
by shipping production and jobs elsewhere you could do nothing with
almost no workers and still make a similar percentage profit by selling
the repackaged foreign product here (in other words something akin to
wall street’s churn-and-earn high frequency computerized
commissionable trade programs that in real economic terms is a net
negative). The reference to Orwellian, though in other context, if only
for the synchronicity and the rapidity with which these negative events
have unfolded is welcomed. Just look at britain. Those poor dumb brits.
They think Orwellian’s their destiny and the way to go.

Long-term deflation is called a possibility (Washington Post) Whoops …


Federal Reserve's James Bullard: Long-term deflation like Japan’s is a
possibility … If only america’s could be like Japan’s … they’d take it.
Though an understatement, this revelation comes at a time when the
‘no recession ben fed’ has become the antithesis of that ‘Washington
cherry-tree tale’ since they’ve become known for their american tail
(sic) ‘they cannot tell the truth’.

Foreclosures rise in most major metropolitan areas (Washington Post)


Ooooh! Sounds like a plan! Bully, bully, bullish say the frauds on wall
street since when sold in foreclosure those sales can be spun for
increased existing (or new) real estate sales (kind of like that almost
contrarian indicator, short sales, meaning at some point they’ll have
to cover … righto old beans).

The biggest question since:Atlas/Who is John Galt?Who is Barry


Soetoro,wobama?

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 ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?


v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext
_from=PL&index=0&playnext=1. [ The Obama Deception Number 1 on
U.S. Google Trends ]

‘The Obama Deception’ Censored ‘The Obama Deception’ has been


censored In light of this development, I provide an archived site version
which appears to be complete (but will be compared with earlier version
and replaced with same if incomplete)
http://albertpeia.com/obamadeceptionhighqualityversion.flv

Then there is the well researched, produced, and informative ‘ESOTERIC


AGENDA’ which explains how we’ve gotten to this forlorn point:
http://video.google.com/videoplay?docid=-7052400717834950257#

For the Same Reason I’ve Included Here a Web Site Archived FLV Version
of Esoteric Agenda http://albertpeia.com/esotericagenda.flv

WASHPOST TAKES ON THE SPOOKS: Hidden world, growing beyond


control...
854,000 people have top-secret security clearance...
You really have to laud The Washington Post for this investigative
brilliance which whether people appreciate it or not, requires great
corporate and personal courage; even more so inasmuch as this is
their backyard, so to speak. Clearly, this illuminates the boondoggles
which amazingly are coming at a time when america will not be able to
handle ‘bare necessities’ much less the self-perpetuating, need-
creating, bureaucracies which I’ve previously likened to a perverse
version of ‘Field of Dreams’ where if you will commit taxpayer dollars,
they’ll find / create a war, conflict, new war, etc., to spend it on.
NSA Has Gotten So Big, Area Around It Has 112 Acres Of Parking
Spaces In yet another terrifying expose, The Washington Post
continues to lift the veil on just how massive the US government’s
spying operation has become.
DIGEST: Consumer confidence down; home prices up (from and at low
levels which Shiller’s concedes are for the moment stabilized but
unsustainable) (Washington Post) The positive here is that at least the
consumers / populace have finally got something right.

Consumer confidence dims (Reuters) Job worries drove July U.S.


consumer confidence to its lowest since February, with one in six people
expecting lower income in the next six months, underscoring the
precarious state of econo...
Moody's: Regional banks on review for downgrade (AP)
Global steelmakers paint gloomy picture (Reuters)

Chiefs' compensation (Washington Post) The foregoing list, though only


oil, reveals an inherent american inclination toward thievery which
also explains the wall street debacle. Only the exceptionally few well-
managed american companies have ceo’s deserving of exceptional
pay packages / compensation and I think you’ll find in said companies
compensation commensurate with results. american ceo’s generally,
and global results (and comparisons) bear this out, are overpaid.

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.

D.C. area housing market a bright spot (Washington Post) Clearly a


contrarian indicator which means more in Washington doing nation’s
business; clearly a bad thing (more doing less, creating more
problems than solving, costing more for less, etc.).

Why Bernanke isn't advocating fiscal stimulus (Washington Post) I would


be inclined to say the obvious; that you can’t spend what you don’t
have; but, we all know that’s not true. Indeed, that’s become a
significant part of the problem and america’s defacto bankrupt status
a testament to that reality. Then there’s the over-printing of an ever
more worthless fiat currency which continues as ‘we speak’; and,
there are limits to that too as the dire results of same ultimately begin
to unfold.

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 is an especially great opportunity to sell and take whatever profits /
gains because there is truly much worse to come and the nation’s defacto
bankrupt in every way.

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.

• Only 25 banks failed in 2008, as the FDIC was slow closing


community and regional banks.
• There were 140 bank failures in 2009 with a peak of 50 in the third
quarter.
• In the first quarter of 2010 there were 41 failures, in the second
quarter there were 45 failures, and so far 17 for the third quarter for a
year to date total of 103.
• At this pace bank closures in 2010 will be within my 150 to 200
estimate range for 2010.
• Since the end of 2007, the FDIC has closed 267 banks on the way to
my predicted 500 to 800 by the end of 2012 into 2013 …’

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.

China Calls Our Bluff: “The US is Insolvent and Faces Bankruptcy as a


Pure Debtor Nation but [U.S.] Rating Agencies Still Give it High
Rankings” America’s biggest creditor – China – has called our bluff.
Global bank rules deal struck (Washington Post) No action. Delay.
Obfuscate and ‘fraudulate’. Riiiiight! Sounds like a plan! Things are
going so fraudulently swimmingly with the many trillions of bad
paper / worthless assets still out there and in defacto bankrupt
american fashion now marked to anything. Don’t want to upset that
applecart; or rather, ‘something’ cart – apples are just to expensive for
street vending!

Financial Crisis Commission Threatens To Audit Goldman Sachs The


Financial Crisis Inquiry Commission headed up by Phil Angelides has
threatened to audit Goldman Sachs, as it looks for more data on its
dealing in derivatives. (They should! Forget the threats … Just do it
and prosecute!)

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.

The Death of Paper Money Ambrose Evans-Pritchard | As they prepare for


holiday reading in Tuscany, City bankers are buying up rare copies of an
obscure book on the mechanics of Weimar inflation published in 1974.

Yes! I just (7-24-10) looked up and a quandary no longer as I saw the


reason for the market action to the upside the last few sessions. A blazing
full moon! Lest there be any doubt, truly a testament to the reality of lunacy
and the lunar links thereto are the lunatic fraudulent rallies on fraudulent
wall street; criminally insane by any standard.

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.
INSIDER TRANSACTIONS (Washington Post) Sell / Take profits / gains.
That’s what insiders do in contra-indicated stock bubbles as this (and
don’t forget, options must be executed and shares bought before
they’re sold).

Financial News: What's coming this week (Washington Post) What does it
matter? False data, manipulated data, spun data, even blatantly bad
data as in the past week. More important are the lunar cycles:

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?POLLS: NEW LOWS FOR O.../The
Crucifixion of Stone/Gibson

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***!].

Drudgereport: GOLDMAN reveals where bailout cash went -- overseas


banks!
POLLS: NEW LOWS FOR O...
Gibbs Misleads Public on Obama's Broken Tax Pledge...

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 ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?


v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext
_from=PL&index=0&playnext=1. [ The Obama Deception Number 1 on
U.S. Google Trends ]

‘The Obama Deception’ Censored ‘The Obama Deception’ has been


censored In light of this development, I provide an archived site version
which appears to be complete (but will be compared with earlier version
and replaced with same if incomplete)
http://albertpeia.com/obamadeceptionhighqualityversion.flv

Then there is the well researched, produced, and informative ‘ESOTERIC


AGENDA’ which explains how we’ve gotten to this forlorn point:
http://video.google.com/videoplay?docid=-7052400717834950257#

For the Same Reason I’ve Included Here a Web Site Archived FLV Version
of Esoteric Agenda http://albertpeia.com/esotericagenda.flv

Top U.S. officer warns Afghan war will get worse


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!

In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the


creation of a Jewish state in Palestine, warned that, even though
failure to go along with the Zionists might cost President Truman the
states of New York, Pennsylvania, and California, it was about time
that somebody should pay some consideration to whether we might
not lose the United States. Mr. Forrestal was absolutely correct! Isn’t
that exactly what’s happened to defacto bankrupt america in
intractable decline.

TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND


ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN
THE INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE
PROSPERITY FOR THIS WORLD!

Go to following pages for above links:


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

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

You may post a comment on my blog on any topic:


http://alpeiablog.blogspot.com

BP's Hayward sent to Siberia; to leave as CEO; Russia job in works (AP)
Wikileaks’ War Logs Highlight Global Intelligence Facade Of ‘War On
Terror’

Wikileaks founder Julian Assange: more revelations to come

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!

Wikileaks’ War Logs Highlight Global Intelligence Facade Of ‘War On


Terror’ The Wikileaks Afghanistan War Logs, publicly released today,
highlight and corroborate what we already know about the “war on
terror” – it is a vast and decompartmentalised intelligence operation.

Wikileaks founder Julian Assange: more revelations to come The Wikileaks


founder, Julian Assange, said today that the organisation is working
through a “backlog” of further secret material and was expecting a
“substantial increase in submissions” from whistleblowers after one
of the biggest leaks inUS military history.

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.

Wikileaks’ War Logs Highlight Global Intelligence Facade Of ‘War On


Terror’ Steve Watson | The Wikileaks Afghanistan War Logs
corroborate what we already know about the vast intelligence
operation known as the “war on 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.

Goldman Sachs Names European Banks It Paid Amid AIG’s U.S.-Funded


Bailout Goldman Sachs Group Inc. said it made payments to banks
including Germany’s DZ Bank AG and Banco Santander SA of Spain
for mortgage-related losses as it received U.S. taxpayer funds through
theAmerican International Group Inc. bailout in 2008.

Kucinich, Ron Paul: Get US troops out of Pakistan Two US lawmakers — a


Republican and a Democrat — proposed a bill this week demanding
the withdrawal of all US troops in Pakistan, where they are conducting
covert operations against militants.

CNN Anchors Desperately Call For Crackdown on Bloggers Which They


Collectively View as a Threat to Their Information Blockade Anchors
Kyra Phillips and John Roberts discussed the “mixed blessing of the
internet,” and agreed that there should be a crackdown on
anonymous bloggers who disparage others on the internet, most of
whom deserve it.

Pentagon workers tied to child porn Federal investigators have identified


several dozen Pentagon officials and contractors with high-level
security clearances who allegedly purchased and downloaded child
pornography, including an undisclosed number who used their
government computers to obtain the illegal material, according to
investigative reports.

Infowars.com Censored in Greece An Infowars.com reader sent an email


today informing us that our website is no longer available in Greek
public libraries. Sarkozy Accused of Working for Israeli Intelligence
Gamal Nkrumah | A letter dispatched to French police officials late last
winter revealed that Sarkozy was recruited as an Israeli spy.

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.

White House decries WikiLeaks' release of Afghan war documents Los


Angeles Times - National Security Advisor James Jones says the
disclosure could endanger lives and US security. The NY Times,
which received early access, says the documents point to Pakistan-
Taliban collusion. Wikileaks releases 92000 hidden Afghan war docs
Sydney Morning Herald Leaked Documents Shed Light on Afghan War
Wall Street Journal [How about the reality that the release of war
criminal american mad dogs on the rest of the world endangers lives
as well as world and u.s. security].

Army analyst linked to WikiLeaks hailed as antiwar hero: Many rally to


soldier's defense after disclosure of classified documents
(Washington Post) Indeed, if not him, then who. Pat Tillman, a late
convert to that position was fragged for it. Wobama, who was elected
in large part for it, has an irrevocably failed presidency for lack of it!
He is a hero inasmuch as quite possibly the magnitudes of the frauds
might be lessened and civilians spared the american induced ‘hell on
earth’!

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

Contracting industry anxious about Defense cutbacks (Washington Post)


[As well they should be inasmuch as in any rational / solvent nation,
they wouldn’t be spending what they don’t have. Defacto bankrupt
america, spends what it really doesn’t have in amounts exceeding
more than the defense / military spending of all other nations in the
world combined. Yes; at long last, the entitlement programs of the
military industrial complex warned of by underrated President General
Eisenhower are in jeopardy. ]

Pentagon to cut thousands of jobs, defense secretary says (Washington


Post) [ Sure sounds like he means business; and, it’s certainly
somewhat reassuring to see a state almost as bad as mob infested
pervasively corrupt jersey, viz., virginia, take the hit (virginia is
predominantly government mob, much of which is cia at that). Yet,
one must be skeptical of what this perpetual-war, hot or cold, career
cia slug is actually accomplishing with these relatively small
peripheral cuts given the defacto bankrupt status of the nation. But,
this is one of those rare instances of something being better than
nothing since guns verses butter is real economic decision-making
and reality. ]

Petraeus: Strategy is on track (Washington Post) (What strategy? It just


gets worse. america’s defacto bankrupt! Plus, we’ve heard this before!
Drudgereport: Petraeus: 'We're doing everything we can' …[Sounds like a
plan!]...Builds Case for 'Success' in Afghanistan …[If only words could
make it so!]...) In Washington Post interview, general says he sees signs of
progress in Afghanistan, supports Obama's decision to begin withdrawing
troops next July.

Base in Kyrgyzstan remains on track (Washington Post) Sounds like a


plan! In Osh, no less; which similarity to Osh Kosh confers a certain
‘legitimacy’ to america’s self-destructive, nation-bankrupting non-
strategy of ‘being there’. A new raison d’etre, so to speak! Osh, Kosh,
be Gosh!

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.

Karzai wants private security firms out of Afghanistan: KARZAI WANTS


COMPANIES OUT U.S. calls 4-month deadline 'very challenging'
(Washington Post) One too many civilian killed. Maybe they figured
out that american non-strategy employing the Hegelian methodology
of creating problems that American firms can solve. Doomed to
failure, they eventually catch on. The bushes were famed for same but
wobama has foolishly been no slouch in this regard.

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.

Afghans march in Kabul to denounce NATO strikes that killed civilians:


Demonstrators shout anti-American slogans, denounce NATO strikes
(Washington Post ) Sounds like a plan! Almost surreal was the
appearance of gates on failed network ‘news’ show to shill the non-
strategy of draw down (of troops) linked to success. What success?
Just being there and every day they’re there is unequivocally abject
failure. Celebritology Weekend: Angelina Jolie biography
arrives(Washington Post ) I usually don’t weigh in on entertainment
news, but this headline concerning what appears to be a disparaging,
and quite selectively so, purported biography of Angelina Jolie is very
disheartening when you consider the numerous instances of failed
leadership at nearly all very high levels of government having so
detrimental an impact on the world, that morton deems his time
appropriate to an actress who has actually tried to do good things
(U.N., etc.) without having to. Indeed, even her latest film ‘Salt’
(spectacular by any standard as is her performance – there are at least
2 winning sequels there with 4 the max and stretching it owing to age
– she puts all, and I mean all the ‘Bonds’ to shame) had an important
message in terms of the damage to this nation by a seemingly
endless, nation-bankrupting, anti-american (war criminal israelis
already, and quite correctly, globally hated) sentiment producing war
strategy that is neither strategy nor reasonably consistent with any
positive american goal / objective; but rather is such a debacle and
folly that the same could very well be one that only an enemy of
defacto bankrupt america could hatch and for the reasoning set forth
in the well-written / directed film. She astutely observed and talked
about the synchronicity of the film as juxtaposed to recent events
revealing that she is wiser than most in Washington.

Afghan spending faces scrutiny (Washington Post) Wow! Talk


about a little bit late for that. Oh, right … they were busy spending
money the nation doesn’t have on other things. Congress extends war
funding for Afghanistan Baltimore Co. Independent Examiner |
Congress voted to extend funding for the war in Afghanistan by an
additional $59 billion late on Tuesday. Disappearing Act: $8.7 Billion
of Iraq Development Money Missing Kurt Nimmo | Government says it
3 U.S. troops
is all the fault of shoddy accounting practices.
die in Afghan war's deadliest month
(Washington Post 7-30-10) World News Digest: a Worth it? 4 U.S.
troops die in bomb blast in south Afghanistan (AP, July 24, 2010)
‘There will be blood’ … whoops, that’s oil, wrong movie theme. This
one’s about heroin trade. 2 More Americans killed in copter crash in
Afghanistan (AP) Not so much, unless they rename Tony Montana, to
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. Three U.S. Embassy guards
killed in rocket attack in Baghdad's Green Zone (Washington Post) Big
yes there since ‘The Green Zone’ got Hollywood movie status. Bomb
near Iraq mosque kills 15; U.S. soldier dies in road blast (Washington
Post, July 22, 2010) But guess what … none of that’s worth it; even for
volunteer soldiers whose suicide rate is unprecedented owing to this
pointless, meaningless conflagration for the sake of the military
industrial complex and the enrichment of the few; and, to which Pat
Tillman was to attest which got him fragged.

Obama reminds veterans he's beginning war's end (Washington Post)


Sounds like a plan! I mean, after all you must have a beginning before
you have an end. Yeah, there’s a certain ineluctable logic to that; a
certain ‘ring’ to it! Like full circuit ‘b*** s***!

Accountability is unclear in israeli probe of flotilla raid (Washington Post)


Oh, come on! An israeli probe of an israeli massacre of civilians. Time for
israel to pay; for illegal nukes, for violations of international law, for
continued violations of u.n. resolutions, for provocations as pretexts to
sabotage peace talks, and on and on ad nauseum. Why does america
among other nations feel compelled to sacrifice themselves for the sake of
a global criminal nation with an insatiable greed and blood-thirst as israel?

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 israeli Spin-Machine in Overdrive: dershowitz to the Rescue? Armed Israeli


commandos, the elite of the elites, rappelled to the deck of a Turkish ship
carrying humanitarian relief supplies to the 1.5 million prisoners in the Gaza
concentration camp.

In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the


creation of a Jewish state in Palestine, warned that, even though failure to
go along with the Zionists might cost President Truman the states of New
York, Pennsylvania, and California, it was about time that somebody
should pay some consideration to whether we might not lose the United
States. Mr. Forrestal was absolutely correct! Isn’t that exactly what’s
happened to defacto bankrupt america in intractable decline.

TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND


ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE
INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE
PROSPERITY FOR THIS WORLD!

ISRAEL NOW IN FAVOR OF NUKES IN THE MIDDLE EAST IN SUDDEN


SHIFT IN POLICY TO FAVOR IRAN IN A VERY BIG WAY! ISRAEL SEES
THE LIGHT AND SIDES WITH IRAN ON NUCLEAR ISSUE;
ESSENTIALLY SAYS TO THE WORLD AND IRAN ‘TO PRESS ON WITH
NUCLEAR AMBITIONS’.

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.

Rockefeller Study Envisages Future Dictatorship Controlled By Elite …


(Vegetables … Yes, Asparagus, not Broccoli) … Here’s the pathetic
news, however; it’s called reality: [Neanderthals, Humans Interbred,
DNA Proves Signs of Neanderthals Mating With Humans -
Neanderthals mated with some modern humans after all and left their
imprint in the human genome. Genome hints humans, Neanderthals
rolled in prehistoric hay You're a Neanderthal: Genes say yes — a
little bit (AP) Neanderthals and people interbred, fossil analysis finds
For more info on man’s humble beginnings, see here
http://www.albertpeia.com/anthroindex1.htm Previously I wrote:
FOUND: MISSING LINK BETWEEN APES AND MAN.... These stories,
and the many like it, are old news and I subscribe to the more studied
view that there is no “missing link” per se and in my view they are
distinctions without significant differences. I previously wrote: [see
infra] and [Interestingly, my intuitive (but unstudied) thoughts prior to
closer examination of the compelling subject of Biological
Anthropology remain what I believe to be the correct scenario.
Specifically, very simply stated, for the most part, the more
“enlightened” (but not by much; by mutation, accident, luck,
intervention, etc.) left the unvarying confines of their Sub-Saharan
origins, experienced diverse new environs, challenges, etc.,
experienced what has been described (by neuroscientists,
psychologists, etc.) as neurogenesis in varying degrees and forms
thereby over time, which trait was selected for and is consistent with
the purported multi-regional evolutionary model which does not
overtly contradict ultimately, initial African origins. Races, sub-
species, missing links, etc., are subsumed in this very humbling and
sorrowful tale of the “dawn of man”.] [see infra] …] Global
pandemics that kill millions, mandatory quarantines, checkpoints,
biometric ID cards, and a world of top-down government control.
These things are not lifted from the latest sci-fi blockbuster movie,
they’re part of the Rockefeller Foundation’s vision for what the globe
might be like in 15-20 years’ time under a new world order tightly
controlled by the elite. [That’s getting awfully close to the outside
‘decades, not millennia or even centuries’].
Middle East Digest (Washington Post) Witnesses report Israeli airstrikes in
Gaza

Previous-Mideast Digest Israeli shelling kills 2 wounds 6 Gaza civilians:


(Washington Post) [War criminal israelis justified their attack saying when
the 10 year old girl grew up to be a woman she’d be prepared to fire rockets
at them … press on says fellow war criminal defacto bankrupt nation
america] israeli shellfire killed two Palestinian freedom fighters and
wounded six people, including a 10-year-old girl, in the Gaza Strip,
Palestinian medical workers and an official with a militant group said. An
israeli military spokeswoman said soldiers opened fire on militants
suspected of preparing to fire a rocket at them.

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!

Comment on: Mideast Digest at 8/4/2010 5:44 AM EDT


Mideast Digest (Washington Post, August 4, 2010) Blowback’s a reality. One that
only fools would ignore, defacto bankrupt america. Time to throw hated war
criminal nation israel under the bus. Why should america sacrifice itself for the
war mongering israelis. They’d NEVER do that for america. I’ve even heard
analysts with regional expertise say that the nation was better off under sadam.

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

NSA beats warrantless wiretap rap A Federal judge has dismissed a


complaint against the National Security Agency’s (NSA)

Corrupt u.s. courts / judges: Their lifetime plush appointments should be


abolished, which corrupt entities are unheard of in productive
societies as China, Japan, etc.. Time to abolish these drags on society
and eliminate their lifetime stipends and corrupt costly bureaucracies.

WikiLeaks documents cause little concern over public perception of war:


WikiLeaks documents cause little concern over public perception of war
(Washington Post) Of course not! That’s what defacto coup d’etat is all
about (even beyond their propaganda). The public, overwhelming against
these nation-bankrupting illegal wars (america is defacto bankrupt) which
fact propelled spineless incompetent vegetable wobama to the whitehouse,
has become irrelevant in their view,; but, not so fast as mass unrest is
afoot.

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!

In Iraq, $2.6B unaccounted for (Washington Post) [Daaah! Fog of war


frauds among others; the nation’s treasury pillaged and plundered; I’ve
previously commented here and included on my website
http://albertpeia.com , see infra] Pentagon can't account for how it spent
$2.6 billion of Iraqi oil proceeds, an IG report says.

Articles on Catherine Austin Fitts' Blog: http://solari.com


Billions over Baghdadby Donald L. Barlett and James B. Steele - Vanity
FairSeptember 2007
Those Who Blow Whistle on Contractor Fraud in Iraq Face
PenaltiesDeborah Hastings - APAugust 2007
Auditor Quits with NASA Finances in ChaosBy Arindam Nag and Deborah
ZabarenkoMay 15, 2004
The War on WasteCBS NewsCiting "cooked books" at DoD, Rumsfeld on
the missing $2.3 trillion, ... January 29, 2002
Military Stashes Covert Millions St. Petersburg TimesSeptember 28, 2003
Key Documents
U.S. Department of Defense Web Site "The technology revolution has
transformed organizations across the private sector, but not ours, not fully,
not yet. We are, as they say, tangled in our anchor chain. Our financial
systems are decades old. According to some estimates, we cannot track
$2.3 trillion in transactions. We cannot share information from floor to floor
in this building because it's stored on dozens of technological systems that
are inaccessible or incompatible."- Remarks as Delivered by Secretary of
Defense Donald H. Rumsfeld, The Pentagon, Monday, September 10, 2001
Independent Audit Report - Department of DefenseRe: $1.1 Trillion Missing
from DODFebruary 26, 2002
Testimony of the Inspector General - Department of Housing & Urban
DevelopmentRe: $59 Billion Missing from HUD March 22, 2000
Discrepancies in America's Accounts Hide a Black Hole By Daniel Gros,
Financial Times June 15, 2006
Road to Ruin by Eric Sprott, Sprott Asset Management Regarding the $11
Trillion Deficit in the US Government in FY 2004January 2005
U.S.' Missing $Trillions Make Mainstream At LastScoop Media's version of
the Chronicle Story with more links addedMay 26, 2003
Dillon, Read & Co. Inc. and the Aristocracy of Stock Profits by Catherine
Austin Fitts A case study of two teams each with competing visions for
America.April 2006
Estimate $3.3 Trillion Missing From U.S. Treasuryby Buddy Grizzard An
excellent overview integrating coverage by key investigative journalists
August 2002
Where is the Collateral? and So, Where is the Collateral?A two-part series
by Chris Sanders of Sanders Research Associates in London
These articles connect the dots between the missing money, the Where is
the Money? litigation, questionable HUD deals, and the impact on the
investment communityOctober 2003 and July 2004
U.S. "Could Be Going Bankrupt"by Edmund Conway, Economics EditorUK
TelegraphJuly 2006
whereisthemoney.org Web site documenting the missing money -- includes
petition, FAQs, Who's Who ... also available in Spanish

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!

Drudgereport: WASHPOST TAKES ON THE SPOOKS: Hidden world,


growing beyond control...
854,000 people have top-secret security clearance...
You really have to laud The Washington Post for this investigative
brilliance which whether people appreciate it or not, requires great
corporate and personal courage; even more so inasmuch as this is
their backyard, so to speak. Clearly, this illuminates the boondoggles
which amazingly are coming at a time when america will not be able to
handle ‘bare necessities’ much less the self-perpetuating, need-
creating, bureaucracies which I’ve previously likened to a perverse
version of ‘Field of Dreams’ where if you will commit taxpayer dollars,
they’ll find / create a war, conflict, new war, etc., to spend it on.

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 ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?


v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext
_from=PL&index=0&playnext=1. [ The Obama Deception Number 1 on
U.S. Google Trends ]

‘The Obama Deception’ Censored ‘In light of this development, I provide


an archived site version which appears to be complete
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#

Web Site Archived FLV Version of Esoteric Agenda


http://albertpeia.com/esotericagenda.flv

SEC enforcers get to keep subpoena authority (Washington Post) I believe


that they should also be empowered to bring criminal charges
inasmuch as the doj and u.s. attorneys offices thereunder seem either
unwilling, lacking courage, incapable, without specific knowledge in
the securities field (inept), or just, as is my experience, plain corrupt,
politically motivated, and venal. This national decline, economic and
otherwise, will not end until justice is served and, ie., the wall street
frauds et als are criminally prosecuted, jailed, fined, and disgorgement
imposed.

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.

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.

Some comments on alito…all appropriate:

Probably the worst appointment in one hundred years.

Posted by: mnjam

-----------------------

Really? That's a pretty sweeping statement to make about someone who's


only been on the court a short few years.

And I thought that liberals were in universal agreement that Clarence


Thomas was the worst appointment in all of history?

Posted by: blert | January 28, 2010 2:11 AM | Report abuse


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

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

Should Alito resign or be impeached?


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

Manchurian Candidates: Supreme Court allows China and others unlimited


spending in US elections Greg Palast | Our future elections may come
down to a three-way battle between China, Saudi Arabia and Goldman
Sachs. Call For Immediate Arrest of 5 Supreme Court Justices for
Treason Gordon Duff | The bloated corpse we are creating in
Washington is emitting a stench we can no longer abide. The
aforesaid would be shocking to anyone without a modicum of
knowledge of the reality of pervasive corruption within the u.s. courts
themselves and america generally, including all three branches of the
u.s. government.
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.

…“Evidence points to aircraft – familiarly known as “torture taxis” –


used by the CIA to move captives seized in its kidnapping or
“extraordinary rendition” operations through Gatwick and other
airports in the EU being simultaneously used for drug distribution in
the Western hemisphere. A Gulfstream II jet aircraft N9875A
identified by the British Government and the European Parliament as
being involved in this traffic crashed in Mexico…” In 2004, another
torture taxi crashed in a field in Nicaragua with a ton of cocaine
aboard… Mexican soldiers found ..132 bags containing 3.3 metric
tons of cocaine. The origination of the Gulfstream’s flight is
unknown but it was destined for Cancun when it crash landed.
Again, here is the important point: that same Gulf Stream II was one
of the very same planes chartered to the CIA for the rendition of
suspected terrorists prisoners. Gulf Stream II crashed in Mexico with 3
tons of cocaine on board ..it should not be surprising that this illegal
practice of rendition has in some part, been used as a well-run
smokescreen for another borderless illegal operation- an extremely
lucrative international transfer and delivery of cash and
narcotics.,,These flights are not subject to regular customs checks,
inspections or normal regulations as they move seamlessly between
destinations in the US, Britain, Europe, Middle East, Central Asia,
Cuba and possibly through US bases in Turkey, Greece and
Morocco…

Corrupt u.s. courts / judges: Their lifetime plush appointments should be


abolished, which corrupt entities are unheard of in productive
societies as China, Japan, etc.. Time to abolish these drags on society
and eliminate their lifetime stipends and costly bureaucracies. Rules
of law mean nothing to these typically corrupt americans. Most,
including sam alito of the u.s. supreme court, concerning drug money
laundering and obstruction of justice in the 3rd circuit ( also maryanne
trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong
in jail. Contrary to popular belief, they do it for the money, personal
money, big, cash, untraceable money. The fog of war is great for such
things (360 tons $100 bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenalt
yofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].

NSA beats warrantless wiretap rap A Federal judge has dismissed a


complaint against the National Security Agency’s (NSA)

Corrupt u.s. courts / judges: Their lifetime plush appointments should be


abolished, which corrupt entities are unheard of in productive
societies as China, Japan, etc.. Time to abolish these drags on society
and eliminate their lifetime stipends and corrupt costly bureaucracies.

There must be such things as parallel universes (I don’t really believe that,
because there isn’t) or how else do you explain the disconnect
between reality, current and prospective, and the wet dreams posited
to keep the war funding / corporate welfare programs alive in
collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much
higher. Even israel apologist Cohen of The Washington Post alludes
to the Vietnam analogy. However, even if there were real goals beyond
the poppy / heroin trade which the Taliban had all but eradicated
(there isn’t); even if america wasn’t defacto bankrupt (america is);
even if america wasn’t killing innocent civilians in large numbers (war
criminal nation america is); even if america’s allies haven’t similarly
helped to bankrupt themselves by way of this war (they have); even if I
hadn’t told you so (I did) ….. this war still was, is, and remains a very
bad idea!

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


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

You think Iraq was bad? Invading Iran ‘would be lunacy’ Ivan Eland,
Director of the Center on Peace and Liberty at the Independent
Institute in Washington DC, gives his opinion on new sanctions
imposed on Iran.

I include the first two comments to the foregoing headline:


Billo Says:

June 11th, 2010 at 6:15 am

Lunacy? Keep in mind that this country is run and controlled by lunatics.
Our press government and military seem to take their orders from Israel.
Isarel wants to be known as a pack of “mad dogs. Do we want “mad dogs”
controlling us?

Here we see a bunch of phony accusations against Iran just like we did in
the run up to the bogus wars in Iraq, Afghanistan and now Pakistan. The
boy has cried wold ten thousand times. It’s time to identify the “lunatics”
and kindly take away the car keys. If you won’t let your friends drive drunk,
why do we let a bunch of “lunatic” enemies run this place.

Glen Reply:

June 11th, 2010 at 6:47 am

Lunacy it would be.

But it is also to their great credit that the Iranians have not made their own
threats.

Everyone knows there are 3 WMD threats, Nuclear Biological and chemical.
The scariest of which is Biological.

Any attack done under the threat of immediate biological retaliation would
deter only the insane.

Watch out america home of the insane, home of the leaders who want an
80% population reduction.

General McChrystal’s Burning Contempt for the Puppet Obama The farce
that is the war in Afghanistan is coming apart at the seams. General
Stanley McChrystal’s sharp comments about Obama, Biden, and the
administration published by Rolling Stone are not so much about
disrespect, as the script-reading corporate media talking heads would
have it, but rather about a policy in disarray in Afghanistan.

Gaza blockade illegal, must be lifted — UN rights official Israeli blockade


of Gaza unsustainable: White House US Jewish opinion and the
‘Beinart moment’ The controversial book, The Israel Lobby, in which
the political scientists, John Mearsheimer and Stephen Walt, argued
that US foreign policy has been hijacked by organized Zionism went
strangely unnoticed by the leading journal of American intellectual
opinion, the New York Review of Books. Doubts Grow Over Israel’s
Value as U.S. Ally Jim Lobe | The notion is that Israel and its actions
have since the Cold War increasingly become a “strategic liability” to
U.S. interests in the region.

Mideast Digest Israeli shelling kills 2 wounds 6 Gaza civilians:


(Washington Post) [War criminal israelis justified their attack saying when
the 10 year old girl grew up to be a woman she’d be prepared to fire rockets
at them … press on says fellow war criminal defacto bankrupt nation
america] israeli shellfire killed two Palestinian freedom fighters and
wounded six people, including a 10-year-old girl, in the Gaza Strip,
Palestinian medical workers and an official with a militant group said. An
israeli military spokeswoman said soldiers opened fire on militants
suspected of preparing to fire a rocket at them.

A Plague Upon The World: The USA is a “Failed State” Dr. Paul Craig
Roberts | The American people are lost in la-la land. They have no idea that
their civil liberties have been forfeited. US citizen killed on flotilla
reportedly shot four times in head Raw Story | A forensic report said
Furkan Dogan was shot at close range, with four bullets in his head and
one in his chest, according to the Anatolian news agency. The explanation
foisted off on the americans by war criminal israelis is probably something
on the order of ‘they just wanted to make sure they missed him’.
Roberts: ‘AIPAC purchases US elections’ Russia Today | Paul Craig
Roberts says that there will be nothing that is going to be done by the
United States to change the relationship with Israel.
‘US funding terrorist group against Iran’ Press TV | A member of a terrorist
organization operating in Iran says that a US State department radio station
originally put him in touch with the group.

Paul Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo |


John McCain worked overtime to make sure Vietnam POWs never came
home. I think the even bigger story vis-à-vis mccain is:
http://www.albertpeia.com/heroenot.htm ‘Did you know that that so-called
"american heroe" john mccain was referred to by his fellow pows in
Vietnam as something akin to the "songbird" inasmuch as he was
constantly "singing" to his Viet-Cong captors to curry favor and better
treatment? This has been documented with authority by Colonel David
Hackworth. The same violates military code/protocol (other soldiers have
been court-martialed for far less) click Here, Here. [
http://www.albertpeia.com/hackworth.htm ] But, you see, this covered up
scenario, compromizing the false facade of far less than a heroe, is exactly
what a criminal (lie of a) nation as america loves and encourages (get
everyone's hands dirty so no-one dares to rectify same, ie., bush, sr.,
clinton, bush, jr.). That is, "toe the (corrupt, propagandized) line", become a
criminal, or be exposed, prosecuted, and/or ruined; and, hasn't anyone
asked how "wall street" has been "spared the spotlight" (and even was
accorded protective legislation from their criminal culpability) and focus of
inquiry, attention, and prosecution despite being the primary beneficiaries
financial and otherwise of these scams (you know the wall street motto,
"churn and earn"; huge conflicts of interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s Nukes Out of the Shadows Israel faces unprecedented pressure to
abandon its official policy of “ambiguity” on its possession of nuclear
weapons as the international community meets at the United Nations in
New York this week to consider banning such arsenals from the Middle
East.

NASA wants mission to bring Martian rocks to Earth (AP) Why? They
already have that and more:

Launch of secret US space ship masks even more secret launch of new
weapon

The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global


Research | It’s not as if things aren’t bad enough right here on planet
earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth
orbit into another “battlespace.”

buzz aldrin wants to colonize Mars … Riiiiight buzzed! Better check with
DePalma to see if he already has the footage in the can since you
won’t be able to use the moon footage for the new boondoggle
video ...

OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO


BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN …
FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet Space.com -


Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a
lofty next goal this week for Americans in space: Visiting an asteroid
by 2025. Obama's asteroid goal: tougher, riskier than moon The
Associated Press Obama calls for NASA to focus on trips to Mars and
beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto


bankrupt budget piece of pie. And don’t forget, Bruce Willis and Ben
Affleck, et als, have already done this so it’s not as if they’re starting
from ‘ground zero’, so to speak; and Brian DePalma already has
‘Mission to Mars’ in the can, but beware say the producers of ‘Species
II’ since Eve, the cloned daughter of Sill, might want to mate with
astronaut Paddy Ross who has returned from Mars as a space alien
host body.

First fake moonwalker blasts Obama's space plan msnbc.com - Bill


Ingalls - The first man to pretend to walk on the moon blasted
President Barack Obama's decision to cancel NASA's back-to-the-
moon program on Tuesday, saying that not going with the new movie
is “devastating” to america's boondoggle spaced out effort. Fake
dutch 'moon rock' revealed a treasured piece at the dutch national
museum - a supposed moon rock from the first manned lunar landing
- is nothing more than petrified wood, ...bbc news bbc news | europe |
fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is
actually a lump of petrified wood, museum authorities revealed
yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug
27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum /
ap. This rock, supposedly brought back from the moon by american
astronauts, ... http://www.albertpeia.com/moonfraud.htm

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


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

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv

Editorial: US in quagmire Seeing the warm welcome extended to the


Afghan president on his US trip, it is hard to believe that only weeks
ago Washington was seething with anger and frustration at Hamid
Karzai’s behavior and there were even dark mutterings by US officials
that he might be mad.

War in Afghanistan and Iraq costs America $1trillion From the Old | On May
30th at 10:06 the United States reached the point where they have
spent $1trillion on the wars in Afghanistan and Iraq. Sinking of the
Cheonan: A Classic False Flag Operation Russia Today | Sinking of
the warship was really intended to convince Japan not to move US
forces off Okinawa as well as divert the attention of Americans from
the dire economic situation at home. . Israel: IDF Troops Who
Murdered Unarmed Innocent People Are ‘Brave Heroes’ The
government of israel, aided by many quarters of the international
media, is attempting to spin today’s deadly IDF assault on a
humanitarian aid ship carrying supplies to Gaza as the fault of the
murdered activists on board the vessel, ludicrously characterizing
machine-gun carrying Israeli troops who killed over a dozen innocent
people as the victims of the incident.
Israeli American Microbiologist Linked to Deadly Fungus Kurt Nimmo | A
report links labs in the United States and Israel to the Cryptococcus
gatti fungus that has killed several people in the United States.

Iraqi doctors demand cancer probe Al Jazeera | Iraqi doctors believe


depleted uranium from US military equipment used in the 2003
invasion is spreading cancer through the population. [This is all too
true and real; and I’m surprised this hasn’t gotten more attention,
coverage … well, maybe not that surprised ].

"What this means is that Neanderthals are not totally extinct. In some of us,
they live on," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the
distinction, without a difference). Actually, prior to studying the
compelling subject of Biological Anthropology (Michael Park text), I
too had some misconceptions about the group known as Neandertals
(recent spelling drops the ‘h’) and actually mis-referenced same by the
stereotypical image of members of said clade even as the debate
continues as to whether they are within the species homo sapiens or a
separate species. I believe these to be distinctions without important
differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi
Klum thinks on the subject.

Neanderthals, Humans Interbred, DNA Proves

Signs of Neanderthals Mating With Humans - Neanderthals mated with


some modern humans after all and left their imprint in the human
genome. Genome hints humans, Neanderthals rolled in prehistoric
hay You're a Neanderthal: Genes say yes — a little bit (AP)
Neanderthals and people interbred, fossil analysis finds For more info
on man’s humble beginnings, see here
http://www.albertpeia.com/anthroindex1.htm

Previously I wrote:

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

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

[To the Professor at the beginning of the course]


10-5-09 Postscript: Professor *****,
I felt compelled to thank you again for the add; not to curry your favor but
indeed to express profound thanks inasmuch as this is probably the last
formal course at a formal educational institution I'll ever take; and among
the most important. While I had bought at discount a library-discarded 1993
Anthropology by Embers text, though meaning to read same never quite
got to it. I am astounded by the substantial amount of time involved in the
evolutionary process, not that I ever stopped to think about it, and one
must come away with the sense of 'and all that...for this?'. This course
should be required curriculum along with psychology, sociology, etc., but
probably won't be owing to what is, as it should be, a very humbling
educational experience for any member of the human race.
Regards,
Al Peia

[Interestingly, my intuitive (but unstudied) thoughts prior to closer


examination of the compelling subject of Biological Anthropology
remain what I believe to be the correct scenario. Specifically, very
simply stated, for the most part, the more “enlightened” (but not by
much; by mutation, accident, luck, intervention, etc.) left the
unvarying confines of their Sub-Saharan origins, experienced diverse
new environs, challenges, etc., experienced what has been described
(by neuroscientists, psychologists, etc.) as neurogenesis in varying
degrees and forms thereby over time, which trait was selected for and
is consistent with the purported multi-regional evolutionary model
which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very
humbling and sorrowful tale of the “dawn of man”.]

[Abolish the corrupt, costly, economically wasteful lifetime


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

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

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!

Roman Polanski freed after Swiss reject U.S. extradition request


(Washington Post, July 13, 2010) Without diminishing in any way the
seriousness of the crime, this result is the direct consequence of the
growing global recognition of the pervasiveness of corruption in
american courts, state and federal, and america generally; so much
so, that said corrupt american courts cannot be relied on anywhere,
anytime. Indeed, my own sampling, though hardly random to be
candid, is 5 for 5 (new jersey, new york, connecticut, virginia,
california) pervasively and egregiously corrupt to the point where
these costly, corrupt bureaucracies should be abolished and
supplanted with alternatives as I’ve previously set forth in these
comments.

BUDGET CRISIS PUTS LOS ANGELES COURT SYSTEM AT


RISK ... [Judge sends Lohan to jail for probation violation (AP) –
They got her! That globe-trotting danger / threat to society, the
infamous public enemy Lindsey Lohan. Guess she couldn’t cough
up that direct or indirect bribe. How pathetic these corrupt, kangaroo
courts are! If only she was a drug dealer, armed robber, etc., she
would have had the pre-paid connections to avoid this preposterous
(known substantial criminals walk about freely, without fear)
outcome. This, even as they are releasing substantial felons owing
to budgetary considerations. ] ABOLISH THE CORRUPT,
ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY
DIRECT OBSERVATION AND EXPERIENCE . (PREVIOUSLY
ARCHIVED) HOWEVER, THIS LATEST "CALIFORNIA/LA
DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:

· Response to App. Div. OSC

· STATE OF CALIFORNIA ethics complaint


· Response to Sup.Ct. OSC

· designation of record on appeal

· The so-called "order" appealed from.


How embarrassing for the superior court of the state of california!

· Typical corrupt banana republic america/california court

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


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

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


moment for one to say that a sleazy hypocrite like blago, who is on
corrupt federale-connected mobster trump’s celebrity apprentice,
happens to be correct based upon facts / reality and my own direct
observation and experience and the law – Don’t forget to include
corrupt federal judges as maryanne trump barry, sam alito, shiff,
matz, hall, underhill, dorsey, etc.. Defacto bankrupt america’s so-
called system is pervasively corrupt and broken] (AP) [Abolish the
corrupt, costly, economically wasteful lifetime extravagantly
appointed federal courts - see RICO case [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpe
naltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]

Go to following pages for above links:


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

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

You may post a comment on my blog on any topic:


http://alpeiablog.blogspot.com
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.

Executive compensation 'ill-advised,' pay czar says (Washington Post) But,


as with prosecutions thus far, does nothing. The american companies
have failed, but their compensation check writing has not.

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 ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?


v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext
_from=PL&index=0&playnext=1. [ The Obama Deception Number 1 on
U.S. Google Trends ]

‘The Obama Deception’ Censored ‘The Obama Deception’ has been


censored In light of this development, I provide an archived site version
which appears to be complete (but will be compared with earlier version
and replaced with same if incomplete)
http://albertpeia.com/obamadeceptionhighqualityversion.flv

Then there is the well researched, produced, and informative ‘ESOTERIC


AGENDA’ which explains how we’ve gotten to this forlorn point:
http://video.google.com/videoplay?docid=-7052400717834950257#

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):

• Total national debt: $13 trillion (near 13.3 now)


• Debt per citizen: $42,026
• Debt per taxpayer: $117,982
• Total interest due: $1.9 trillion
• Interest per citizen: $2,211

Click here to see the Debt Clock, which is updated every second.

• Total personal debt: $16.5 trillion


• Total mortgage debt: $14.1 trillion
• Total consumer debt: $2.45 trillion
• Personal debt per citizen: $53,483
• Debt held by foreign countries: $4.07 trillion

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

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!

Jobless claims jump higher than expected (Washington Post) Sounds like
a reason for a feel good rally on fraudulent wall street, however ephemeral.

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

They ensured financial regulation overhaul (Washington Post) What


overhaul? New bureaucracy, more power to the fed and corrupt
incompetents as tiny tim geithner (that $4 trillion’s still missing from the ny
fed), no recession helicopter ben bernanke, perps scot free and keep their
loot, etc.. Real reform requires that the wall street frauds et als be
criminally prosecuted, jailed, fined, and disgorgement imposed.

Existing-home sales drop for second month (Washington Post) Bad


economic news … what better reason for a typically fraudulent suckers’
bear market, short-covering rally for the high-frequency computerized
churn-and-earn wall street frauds to commission and ultimately sell into.

Go to following pages for above links:


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

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

You may post a comment on my blog on any topic:


http://alpeiablog.blogspot.com

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.
netanayahu admits on video he deceived US to destroy Oslo accord The
contents of a secretly recorded video threaten to gravely embarrass
not only Benjamin netanayahu, the Israeli prime minister but also the
US administration of Barack Obama.

Iran accuses US and UK of supporting group behind mosque attacks Iran is


vowing to hunt down a Sunni separatist group which claimed
responsibility for a double suicide bombing that killed 28 people at a
mosque in the south-eastern city of Zahedan.

US, NATO behind Iran bombings: MP An Iranian lawmaker slams the recent
bombings in the country’s southeast as a plot by Western military
forces in the Middle East to spread terror on Iran’s borders.

WASHPOST Ombudsman: Why Silence on Black Panther Story?


(Washington Post) ‘Thursday's Post reported about a growing controversy
over the Justice Department's decision to scale down a voter-intimidation
case against members of the New Black Panther Party. The story
succinctly summarized the issues but left many readers with a question:
What took you so long? For months, readers have contacted the
ombudsman wondering why The Post hasn't been covering the case. The
calls increased recently after competitors such as the New York Times and
the Associated Press wrote stories. Fox News and right-wing bloggers
have been pumping the story. Liberal bloggers have countered, accusing
them of trying to manufacture a scandal. But The Post has been virtually
silent. The story has its origins on Election Day in 2008, when two
members of the New Black Panther Party stood in front of a Philadelphia
polling place. YouTube video of the men, now viewed nearly 1.5 million
times, shows both wearing paramilitary clothing. One carried a
nightstick…’

‘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.

Leading Chinese Economists Urge Government To Dump U.S. Treasuries,


Buy Gold Prominent economists in China are calling for their
government to ditch vast holdings of U.S. Treasuries in favour of
tangible assets such as gold, a move that would have a far reaching
impact on the economy.

Bernanke: Fed ready to step in if economy falters (Washington Post) Step


in with what? Another two step (backwards)? They’ve ‘shot their wad’.
Moreover, they can’t print the ever more worthless Weimar dollars any
faster.

Stocks drop as Bernanke warns of uncertain economy (AP) One of those


daaah moments courtesy of ‘no recession helicopter ben fed’! On
the positive side, however, at least a semblance of reality is extant
as opposed to stroking the frauds on wall street to facilitate their
churn-and-earn high frequency trade scams (those lofty fraudulent
peaks provide room to trade in and are great to sell into).
Bernanke 'uncertain' about economy's outlook The Federal
Reserve chairman says the outlook for the economy is “unusually
uncertain” and that the central... Bernanke's economy comment
batters market (Reuters) - Reuters - Federal Reserve Chairman Ben
Bernanke's dour assessment of the U.S. recovery hit stocks on
Wednesday, as his comment that the economy faced "unusually
uncertain" prospects rattled investors.

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.

Job growth slows in Washington region (Washington Post) Wow! Sounds


like a plan … a great plan, even … so long as the slowing’s on capital
hill / D.C. . And, that’s if you believe their fake numbers. I’ don’t! 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.

Home building down 5 percent in June (Washington Post) Lunatic frauds


on wall street say, ‘well, it could have been a 20% decline and they’ll
take it (not really)’

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):

a) 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

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 …’

Mideast Digest Israeli shelling kills 2 wounds 6 Gaza civilians:


(Washington Post) [War criminal israelis justified their attack saying when
the 10 year old girl grew up to be a woman she’d be prepared to fire rockets
at them … press on says fellow war criminal defacto bankrupt nation
america] israeli shellfire killed two Palestinian freedom fighters and
wounded six people, including a 10-year-old girl, in the Gaza Strip,
Palestinian medical workers and an official with a militant group said. An
israeli military spokeswoman said soldiers opened fire on militants
suspected of preparing to fire a rocket at them.

The yardarm is the remedy Dozens of our friends and comrades, of


wonderful compassionate activists are dead and wounded in the pirate
attack in the high seas on humanitarian aid boats. This is a dreadful crime
that will forever be remembered and should be punished. The Israeli pirates
attacked the humanitarian aid Freedom Flotilla in the international waters
over 150 km out of their territorial waters. The boats carried no arms; the
participants strictly adhered to Ghandian mode by asking the Greek and
Cyprus authorities to search the boats to avoid later claims that they were
armed.

A Plague Upon The World: The USA is a “Failed State” Dr. Paul Craig
Roberts | The American people are lost in la-la land. They have no idea that
their civil liberties have been forfeited. US citizen killed on flotilla
reportedly shot four times in head Raw Story | A forensic report said
Furkan Dogan was shot at close range, with four bullets in his head and
one in his chest, according to the Anatolian news agency. The explanation
foisted off on the americans by war criminal israelis is probably something
on the order of ‘they just wanted to make sure they missed him’.
Roberts: ‘AIPAC purchases US elections’ Russia Today | Paul Craig
Roberts says that there will be nothing that is going to be done by the
United States to change the relationship with Israel.
‘US funding terrorist group against Iran’ Press TV | A member of a terrorist
organization operating in Iran says that a US State department radio station
originally put him in touch with the group.

Mideast Digest Israeli shelling kills 2 wounds 6 Gaza civilians:


(Washington Post) [War criminal israelis justified their attack saying when
the 10 year old girl grew up to be a woman she’d be prepared to fire rockets
at them … press on says fellow war criminal defacto bankrupt nation
america] israeli shellfire killed two Palestinian freedom fighters and
wounded six people, including a 10-year-old girl, in the Gaza Strip,
Palestinian medical workers and an official with a militant group said. An
israeli military spokeswoman said soldiers opened fire on militants
suspected of preparing to fire a rocket at them.

In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the


creation of a Jewish state in Palestine, warned that, even though failure to
go along with the Zionists might cost President Truman the states of New
York, Pennsylvania, and California, it was about time that somebody
should pay some consideration to whether we might not lose the United
States. Mr. Forrestal was absolutely correct! Isn’t that exactly what’s
happened to defacto bankrupt america in intractable decline.

TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND


ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE
INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE
PROSPERITY FOR THIS WORLD!
OOOOH! ISRAEL NOW IN FAVOR OF NUKES IN THE MIDDLE EAST IN
SUDDEN SHIFT IN POLICY TO FAVOR IRAN IN A VERY BIG WAY! ISRAEL
SEES THE LIGHT AND SIDES WITH IRAN ON NUCLEAR ISSUE;
ESSENTIALLY SAYS TO THE WORLD AND IRAN ‘TO PRESS ON WITH
NUCLEAR AMBITIONS’.

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!

Drudgereport: WASHPOST TAKES ON THE SPOOKS: Hidden world,


growing beyond control...
854,000 people have top-secret security clearance...
You really have to laud The Washington Post for this investigative
brilliance which whether people appreciate it or not, requires great
corporate and personal courage; even more so inasmuch as this is
their backyard, so to speak. Clearly, this illuminates the boondoggles
which amazingly are coming at a time when america will not be able to
handle ‘bare necessities’ much less the self-perpetuating, need-
creating, bureaucracies which I’ve previously likened to a perverse
version of ‘Field of Dreams’ where if you will commit taxpayer dollars,
they’ll find / create a war, conflict, new war, etc., to spend it on.

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 ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?


v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext
_from=PL&index=0&playnext=1. [ The Obama Deception Number 1 on
U.S. Google Trends ]

‘The Obama Deception’ Censored ‘In light of this development, I provide


an archived site version which appears to be complete
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#

Web Site Archived FLV Version of Esoteric Agenda


http://albertpeia.com/esotericagenda.flv

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.

Some comments on alito…all appropriate:

Probably the worst appointment in one hundred years.

Posted by: mnjam

-----------------------
Really? That's a pretty sweeping statement to make about someone who's
only been on the court a short few years.

And I thought that liberals were in universal agreement that Clarence


Thomas was the worst appointment in all of history?

Posted by: blert | January 28, 2010 2:11 AM | Report abuse


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

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

Should Alito resign or be impeached?


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

Manchurian Candidates: Supreme Court allows China and others unlimited


spending in US elections Greg Palast | Our future elections may come
down to a three-way battle between China, Saudi Arabia and Goldman
Sachs. Call For Immediate Arrest of 5 Supreme Court Justices for
Treason Gordon Duff | The bloated corpse we are creating in
Washington is emitting a stench we can no longer abide. The
aforesaid would be shocking to anyone without a modicum of
knowledge of the reality of pervasive corruption within the u.s. courts
themselves and america generally, including all three branches of the
u.s. government.

Ron Paul: After ‘CIA coup,’ agency ‘runs military’ US House Rep. Ron Paul
says the CIA has has in effect carried out a “coup” against the US
government, and the intelligence agency needs to be “taken out.” I
also personally believe there has been a defacto coup d’etat which
has manifested in various substantial, blatant, brazened frauds, ie.,
wall street, missing 360 tons of $100 bills in Iraq, war profiteering, etc.,
without any fear of prosecution, and of course concomitant decline for
u.s. as the treasury is looted. But I also believe its scope is beyond
just the CIA with many complicit within the corrupted 3 branches of
u.s. government (fed judges, us attorneys, illegal system, etc.) plus
the military and private big money, ie., Goldman Sachs / wall street
men, etc., among other organized crime. america is defacto bankrupt
in every way!
There must be such things as parallel universes (I don’t really believe that,
because there isn’t) or how else do you explain the disconnect
between reality, current and prospective, and the wet dreams posited
to keep the war funding / corporate welfare programs alive in
collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much
higher. Even israel apologist Cohen of The Washington Post alludes
to the Vietnam analogy. However, even if there were real goals beyond
the poppy / heroin trade which the Taliban had all but eradicated
(there isn’t); even if america wasn’t defacto bankrupt (america is);
even if america wasn’t killing innocent civilians in large numbers (war
criminal nation america is); even if america’s allies haven’t similarly
helped to bankrupt themselves by way of this war (they have); even if I
hadn’t told you so (I did) ….. this war still was, is, and remains a very
bad idea!

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


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

How does anyone take the u.s. seriously in light of their credibility
problems, war crimes, etc.? What nuke technology israel didn’t steal
from the u.s., the u.s. gave them along with missile, armaments, etc..
and paid for with taxpayer money that u.s. taxpayers and the defacto
bankrupt nation don’t have.

It's time to expel israel from the UN Without doubt, the israeli attack on the
Gaza-bound "Freedom Flotilla" in the dawn of Monday, May 31, 2010 is
one of the most savage crimes in recent history. It seems the ruling
power in Tel Aviv has been afflicted with a variant of mad cow
disease; otherwise, how could it be so cruel to unleash such a beastly
raid on the "Mavi Marmara," the Turkish flagship of a flotilla carrying
medical and humanitarian supplies to the hapless people of Gaza
Strip?

The israeli Spin-Machine in Overdrive: dershowitz to the Rescue? Armed


Israeli commandos, the elite of the elites, rappelled to the deck of a
Turkish ship carrying humanitarian relief supplies to the 1.5 million
prisoners in the Gaza concentration camp.

You think Iraq was bad? Invading Iran ‘would be lunacy’ Ivan Eland,
Director of the Center on Peace and Liberty at the Independent
Institute in Washington DC, gives his opinion on new sanctions
imposed on Iran.
I include the first two comments to the foregoing headline:

Billo Says:

June 11th, 2010 at 6:15 am

Lunacy? Keep in mind that this country is run and controlled by lunatics.
Our press government and military seem to take their orders from Israel.
Isarel wants to be known as a pack of “mad dogs. Do we want “mad dogs”
controlling us?

Here we see a bunch of phony accusations against Iran just like we did in
the run up to the bogus wars in Iraq, Afghanistan and now Pakistan. The
boy has cried wold ten thousand times. It’s time to identify the “lunatics”
and kindly take away the car keys. If you won’t let your friends drive drunk,
why do we let a bunch of “lunatic” enemies run this place.

Glen Reply:

June 11th, 2010 at 6:47 am

Lunacy it would be.

But it is also to their great credit that the Iranians have not made their own
threats.

Everyone knows there are 3 WMD threats, Nuclear Biological and chemical.
The scariest of which is Biological.

Any attack done under the threat of immediate biological retaliation would
deter only the insane.

Watch out america home of the insane, home of the leaders who want an
80% population reduction.

General McChrystal’s Burning Contempt for the Puppet Obama The farce
that is the war in Afghanistan is coming apart at the seams. General
Stanley McChrystal’s sharp comments about Obama, Biden, and the
administration published by Rolling Stone are not so much about
disrespect, as the script-reading corporate media talking heads would
have it, but rather about a policy in disarray in Afghanistan.

Gaza blockade illegal, must be lifted — UN rights official Israeli blockade


of Gaza unsustainable: White House US Jewish opinion and the
‘Beinart moment’ The controversial book, The Israel Lobby, in which
the political scientists, John Mearsheimer and Stephen Walt, argued
that US foreign policy has been hijacked by organized Zionism went
strangely unnoticed by the leading journal of American intellectual
opinion, the New York Review of Books. Doubts Grow Over Israel’s
Value as U.S. Ally Jim Lobe | The notion is that Israel and its actions
have since the Cold War increasingly become a “strategic liability” to
U.S. interests in the region.

Russia accuses U.S. of kidnapping pilot (Washington Post) The lesson to


be learned here is don’t mess with american drug trade … they’ll ****
you up! That’s their drug money he’s takin’… riiiiight! … World
Digest: China Oil Spill; U.S. aid boat wants to sail to Gaza as 'The
Audacity of Hope' 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.

…“Evidence points to aircraft – familiarly known as “torture taxis” –


used by the CIA to move captives seized in its kidnapping or
“extraordinary rendition” operations through Gatwick and other
airports in the EU being simultaneously used for drug distribution in
the Western hemisphere. A Gulfstream II jet aircraft N9875A
identified by the British Government and the European Parliament as
being involved in this traffic crashed in Mexico…” In 2004, another
torture taxi crashed in a field in Nicaragua with a ton of cocaine
aboard… Mexican soldiers found ..132 bags containing 3.3 metric
tons of cocaine. The origination of the Gulfstream’s flight is
unknown but it was destined for Cancun when it crash landed.
Again, here is the important point: that same Gulf Stream II was one
of the very same planes chartered to the CIA for the rendition of
suspected terrorists prisoners. Gulf Stream II crashed in Mexico with 3
tons of cocaine on board ..it should not be surprising that this illegal
practice of rendition has in some part, been used as a well-run
smokescreen for another borderless illegal operation- an extremely
lucrative international transfer and delivery of cash and
narcotics.,,These flights are not subject to regular customs checks,
inspections or normal regulations as they move seamlessly between
destinations in the US, Britain, Europe, Middle East, Central Asia,
Cuba and possibly through US bases in Turkey, Greece and
Morocco…
Corrupt u.s. courts / judges: Their lifetime plush appointments should be
abolished, which corrupt entities are unheard of in productive
societies as China, Japan, etc.. Time to abolish these drags on society
and eliminate their lifetime stipends and costly bureaucracies. Rules
of law mean nothing to these typically corrupt americans. Most,
including sam alito of the u.s. supreme court, concerning drug money
laundering and obstruction of justice in the 3rd circuit ( also maryanne
trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong
in jail. Contrary to popular belief, they do it for the money, personal
money, big, cash, untraceable money. The fog of war is great for such
things (360 tons $100 bills flown into Iraq and missing, etc.).

[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenalt
yofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].

NSA beats warrantless wiretap rap A Federal judge has dismissed a


complaint against the National Security Agency’s (NSA)

Corrupt u.s. courts / judges: Their lifetime plush appointments should be


abolished, which corrupt entities are unheard of in productive societies as China,
Japan, etc.. Time to abolish these drags on society and eliminate their lifetime
stipends and corrupt costly bureaucracies.

Paul Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo |


John McCain worked overtime to make sure Vietnam POWs never came
home. I think the even bigger story vis-à-vis mccain is:
http://www.albertpeia.com/heroenot.htm ‘Did you know that that so-called
"american heroe" john mccain was referred to by his fellow pows in
Vietnam as something akin to the "songbird" inasmuch as he was
constantly "singing" to his Viet-Cong captors to curry favor and better
treatment? This has been documented with authority by Colonel David
Hackworth. The same violates military code/protocol (other soldiers have
been court-martialed for far less) click Here, Here. [
http://www.albertpeia.com/hackworth.htm ] But, you see, this covered up
scenario, compromizing the false facade of far less than a heroe, is exactly
what a criminal (lie of a) nation as america loves and encourages (get
everyone's hands dirty so no-one dares to rectify same, ie., bush, sr.,
clinton, bush, jr.). That is, "toe the (corrupt, propagandized) line", become a
criminal, or be exposed, prosecuted, and/or ruined; and, hasn't anyone
asked how "wall street" has been "spared the spotlight" (and even was
accorded protective legislation from their criminal culpability) and focus of
inquiry, attention, and prosecution despite being the primary beneficiaries
financial and otherwise of these scams (you know the wall street motto,
"churn and earn"; huge conflicts of interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s Nukes Out of the Shadows Israel faces unprecedented pressure to
abandon its official policy of “ambiguity” on its possession of nuclear
weapons as the international community meets at the United Nations in
New York this week to consider banning such arsenals from the Middle
East.

NASA wants mission to bring Martian rocks to Earth (AP) Why? They
already have that and more:

Launch of secret US space ship masks even more secret launch of new
weapon

The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global


Research | It’s not as if things aren’t bad enough right here on planet
earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth
orbit into another “battlespace.”

buzz aldrin wants to colonize Mars … Riiiiight buzzed! Better check with
DePalma to see if he already has the footage in the can since you
won’t be able to use the moon footage for the new boondoggle
video ...

OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO


BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN …
FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet Space.com -


Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a
lofty next goal this week for Americans in space: Visiting an asteroid
by 2025. Obama's asteroid goal: tougher, riskier than moon The
Associated Press Obama calls for NASA to focus on trips to Mars and
beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto


bankrupt budget piece of pie. And don’t forget, Bruce Willis and Ben
Affleck, et als, have already done this so it’s not as if they’re starting
from ‘ground zero’, so to speak; and Brian DePalma already has
‘Mission to Mars’ in the can, but beware say the producers of ‘Species
II’ since Eve, the cloned daughter of Sill, might want to mate with
astronaut Paddy Ross who has returned from Mars as a space alien
host body.

First fake moonwalker blasts Obama's space plan msnbc.com - Bill


Ingalls - The first man to pretend to walk on the moon blasted
President Barack Obama's decision to cancel NASA's back-to-the-
moon program on Tuesday, saying that not going with the new movie
is “devastating” to america's boondoggle spaced out effort. Fake
dutch 'moon rock' revealed a treasured piece at the dutch national
museum - a supposed moon rock from the first manned lunar landing
- is nothing more than petrified wood, ...bbc news bbc news | europe |
fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is
actually a lump of petrified wood, museum authorities revealed
yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug
27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum /
ap. This rock, supposedly brought back from the moon by american
astronauts, ... http://www.albertpeia.com/moonfraud.htm

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


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

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv

Editorial: US in quagmire Seeing the warm welcome extended to the


Afghan president on his US trip, it is hard to believe that only weeks
ago Washington was seething with anger and frustration at Hamid
Karzai’s behavior and there were even dark mutterings by US officials
that he might be mad.

War in Afghanistan and Iraq costs America $1trillion From the Old | On May
30th at 10:06 the United States reached the point where they have
spent $1trillion on the wars in Afghanistan and Iraq. Sinking of the
Cheonan: A Classic False Flag Operation Russia Today | Sinking of
the warship was really intended to convince Japan not to move US
forces off Okinawa as well as divert the attention of Americans from
the dire economic situation at home. . Israel: IDF Troops Who
Murdered Unarmed Innocent People Are ‘Brave Heroes’ The
government of israel, aided by many quarters of the international
media, is attempting to spin today’s deadly IDF assault on a
humanitarian aid ship carrying supplies to Gaza as the fault of the
murdered activists on board the vessel, ludicrously characterizing
machine-gun carrying Israeli troops who killed over a dozen innocent
people as the victims of the incident.
Murder on the high seas JERUSALEM: Israeli marines stormed aid ships
bound for Gaza on Monday and at least 10 rights activists were killed,
triggering a diplomatic crisis and an emergency session of the UN
Security Council. European nations, as well as the United Nations and
Turkey, voiced shock and outrage at the bloody end to the
international campaigners' bid to break Israel's blockade of the Gaza
Strip

Israeli American Microbiologist Linked to Deadly Fungus Kurt Nimmo | A


report links labs in the United States and Israel to the Cryptococcus
gatti fungus that has killed several people in the United States.

Iraqi doctors demand cancer probe Al Jazeera | Iraqi doctors believe


depleted uranium from US military equipment used in the 2003
invasion is spreading cancer through the population. [This is all too
true and real; and I’m surprised this hasn’t gotten more attention,
coverage … well, maybe not that surprised ].

"What this means is that Neanderthals are not totally extinct. In some of us,
they live on," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the
distinction, without a difference). Actually, prior to studying the
compelling subject of Biological Anthropology (Michael Park text), I
too had some misconceptions about the group known as Neandertals
(recent spelling drops the ‘h’) and actually mis-referenced same by the
stereotypical image of members of said clade even as the debate
continues as to whether they are within the species homo sapiens or a
separate species. I believe these to be distinctions without important
differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi
Klum thinks on the subject.

Neanderthals, Humans Interbred, DNA Proves

Signs of Neanderthals Mating With Humans - Neanderthals mated with


some modern humans after all and left their imprint in the human
genome. Genome hints humans, Neanderthals rolled in prehistoric
hay You're a Neanderthal: Genes say yes — a little bit (AP)
Neanderthals and people interbred, fossil analysis finds For more info
on man’s humble beginnings, see here
http://www.albertpeia.com/anthroindex1.htm

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

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

[To the Professor at the beginning of the course]

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


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

[Interestingly, my intuitive (but unstudied) thoughts prior to closer


examination of the compelling subject of Biological Anthropology
remain what I believe to be the correct scenario. Specifically, very
simply stated, for the most part, the more “enlightened” (but not by
much; by mutation, accident, luck, intervention, etc.) left the
unvarying confines of their Sub-Saharan origins, experienced diverse
new environs, challenges, etc., experienced what has been described
(by neuroscientists, psychologists, etc.) as neurogenesis in varying
degrees and forms thereby over time, which trait was selected for and
is consistent with the purported multi-regional evolutionary model
which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very
humbling and sorrowful tale of the “dawn of man”.]

[Abolish the corrupt, costly, economically wasteful lifetime


extravagantly appointed federal courts - see RICO case [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpe
naltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Don’t Tread On Me: A Refresher Course on the Constitution

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!

Roman Polanski freed after Swiss reject U.S. extradition request


(Washington Post, July 13, 2010) Without diminishing in any way the
seriousness of the crime, this result is the direct consequence of the
growing global recognition of the pervasiveness of corruption in
american courts, state and federal, and america generally; so much
so, that said corrupt american courts cannot be relied on anywhere,
anytime. Indeed, my own sampling, though hardly random to be
candid, is 5 for 5 (new jersey, new york, connecticut, virginia,
california) pervasively and egregiously corrupt to the point where
these costly, corrupt bureaucracies should be abolished and
supplanted with alternatives as I’ve previously set forth in these
comments.

BUDGET CRISIS PUTS LOS ANGELES COURT SYSTEM AT


RISK ... [Judge sends Lohan to jail for probation violation (AP) –
They got her! That globe-trotting danger / threat to society, the
infamous public enemy Lindsey Lohan. Guess she couldn’t cough
up that direct or indirect bribe. How pathetic these corrupt, kangaroo
courts are! If only she was a drug dealer, armed robber, etc., she
would have had the pre-paid connections to avoid this preposterous
(known substantial criminals walk about freely, without fear)
outcome. This, even as they are releasing substantial felons owing
to budgetary considerations. ] ABOLISH THE CORRUPT,
ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY
DIRECT OBSERVATION AND EXPERIENCE . (PREVIOUSLY
ARCHIVED) HOWEVER, THIS LATEST "CALIFORNIA/LA
DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:

· Response to App. Div. OSC

· STATE OF CALIFORNIA ethics complaint

· Response to Sup.Ct. OSC

· designation of record on appeal

· The so-called "order" appealed from.


How embarrassing for the superior court of the state of california!

· Typical corrupt banana republic america/california court

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


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

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


moment for one to say that a sleazy hypocrite like blago, who is on
corrupt federale-connected mobster trump’s celebrity apprentice,
happens to be correct based upon facts / reality and my own direct
observation and experience and the law – Don’t forget to include
corrupt federal judges as maryanne trump barry, sam alito, shiff,
matz, hall, underhill, dorsey, etc.. Defacto bankrupt america’s so-
called system is pervasively corrupt and broken] (AP) [Abolish the
corrupt, costly, economically wasteful lifetime extravagantly
appointed federal courts - see RICO case [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpe
naltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm

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

You may post a comment on my blog on any topic:


http://alpeiablog.blogspot.com

U.N. official calls Ban's leadership 'deplorable' (Washington Post) As long


as she’s looking in the mirror as she speaks … we’ll buy it! After all,
they’ve all but ignored illegal israeli nukes, israeli violations of
international law / u.n. resolutions, etc., even as they bully Iran.
Collectively, the u.s. has indeed become a joke.

Mideast DIGEST (Washington Post, July 19, 2010) netanayahu admits on


video he deceived US to destroy Oslo accord The contents of a secretly
recorded video threaten to gravely embarrass not only Benjamin
netanayahu, the Israeli prime minister but also the US administration of
Barack Obama.

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 Number 1 on U.S. Google Trends

Then there is the well researched, produced, and informative ‘ESOTERIC


AGENDA’ which explains how we’ve gotten to this forlorn point:
http://video.google.com/videoplay?docid=-7052400717834950257#

‘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

Censorship Alert: Obama Deception Illegally Removed from You Tube

Drudgereport: IRELAND DOWNGRADED

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

Road Warrior-level collapse imminent: Alex Jones says we must take


corrective action now Move towards global currency as U.S. loses
status, faces depression and sees dangerous cuts to services as
economic instability sets in.

Week's gains erased; stocks drop as pessimism grips investors


(Washington Post) Reality, Really, Realistically does bite!

‘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.’

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.

Martin Feldstein: Bilderberg’s promoter of equity on adjustable-rate


mortgages and the Subprime Mortgage Crisis Make it Eight, eh? | In
late 2007, as the housing crisis was hitting a peak, would Martin
Feldstein be gearing up to suggest further reductions in interest rates
to promote consumption?

Fed sends the dollar tumbling Ambrose Evans-Pritchard | The Fed


confessed that the US economy may not recover for five or six years.

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.

22 Statistics That Prove The Middle Class Is Being Systematically Wiped


Out Of Existence In America The 22 statistics that you are about to read
prove beyond a shadow of a doubt that the middle class is being
systematically wiped out of existence in America.

Congress Passes Bankster Consolidation Bill Kurt Nimmo | Financial


reform is a three-card Monte scam, a confidence game, a sleight of hand.

After Goldman, SEC eyes exotic financial products Video (Washington


Post) SEC’s Khuzami Says ‘Goldman’s Suit Should Send Message’:
http://www.washingtonpost.com/wp-
dyn/content/video/2010/07/16/VI2010071602828.html

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.

Obama-Dodd-Frank FinReg Monstrosity Delays Derivatives Curbs


until 2022!

Wall Street Is Laundering Drug Money And Getting Away With It

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.

Biggest wall will be reality:

‘This is a global depression. This is a secular bear market in a global


depression. The past up move was a manipulated bull (s***) cycle in a
secular bear market. This has been a typically manipulated bubble as has
preceded the prior crashes with great regularity that the wall street frauds
and insiders commission and sell into.’

Harry Dent, Jr. Economy will be in a Depression by 2011


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

Economists worry women, minority business owners' gains will be lost


(Washington Post) Little bit late for ‘economists worry’; talk about
senile greenspan / no-recession bernanke economics /
prognosticating. Does anybody recall the merciless drubbing (and
pressure) that Ross Perot got for predicting the ill effects of NAFTA
and standing against the tide. In america today, the best men never
win; that’s reality, and also the sign of decline.

Exports are up, but where are the jobs? (Washington Post) Gone with the
wind? Sorry, I must have been thinking of million dollar movies. Seriously
though, I dare say everyone knows they were gone with that ‘bi-partisan
executive / congressional, think-tank, cia / nsa ill wind’ that others might
refer to as flatulence / passing gas, also called NAFTA, and also proudly
hailed by the foregoing as ‘strategy’. They’re gone, and never to return.
Moreover, the flipside of the exports, viz., imports, doesn’t bode well
despite the fraudulent wall street b*** s*** and their chorus of cheerleaders
in washington. Some might say self-delusion but I would say fraud covers
all.

Companies pile up cash but still won't add jobs (Washington Post) Unlike
the public sector (which now exceeds private sector in job gains and
average compensation), the private sector attempts to mesh hiring with
economic supply / demand factors to maximize (shareholder) profits /
wealth. Whatever faults american companies have, with relatively few
exceptions, this still remains a very basic fundamental and building
surplus (generating profits) is a necessary precept to ensure survival and
the capacity to be a good ‘citizen’ so to speak. Then there’s reality:

Retail sales down for 2nd consecutive month (Washington Post) Another
‘Come on’ day on fraudulent wall street! This time it’s the unexpected
downward revision to previous market-frothing retail sales report and poor
retail sales and plunge in mortgage applications and then there’s the fed
minutes pointing to extended bad economy. See Dave Fry’s (Daily)
summary below referencing in euphemistic fashion, yet another ongoing
manipulation also known as fraud. (Absent prosecutions, they’ll continue
to do what comes natural to frauds on wall street). Great opportunity to sell
/ take profits since much worse, also called reality beyond the b*** s***, to
come. Then there’s also the bad but typical news; viz., retail sales,
mortgage apps, economic outlook down, and yesterday deficits, trade and
budget, up.

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)

Pearlstein: Can regulation beget innovation? (Washington Post) I believe


the more seminal question to be, whether american companies, consistent
with overall american decline and corruption in so pervasive a fashion, are
capable of or inclined toward real innovation where enhancements to
productivity, as well as greater profits, is the consequence as desired.
Certainly there has been ‘innovation’ by the wall street frauds in the types
of (ultimately worthless / fraudulent) paper and high frequency trade
programs enhancing their bottom-lines but little else; and, those cutting
edge ‘weapons of mass destruction’ produced or financed (israel) by
america are hardly productive in the economic sense but innovative and
profitable in the short run, and unwise and nation-bankrupting in the longer
run which we’re in right now!

Goldman agrees to pay $550M (Washington Post) My own skepticism


based on the disparate numbers (the size of the frauds compared to
the relatively small fine) and as set forth in the initial reactions /
headlines that immediately follow has been allayed somewhat by an
interview on NBR with former SEC head Ruder who explained the very
narrow scope of the settlement which in no way shelters goldman
from the huge frauds they have perpetrated. So long as this is true in
fact as well as law and in application, the SEC deserves praise as has
been so under the auspices of ‘Mother Mary’ who appears to have the
gonads lacking in prior SEC heads. The frauds on wall street et als
should be criminally prosecuted, jailed, fined, and disgorgement
imposed.

Ex-Justice official: CIA may have exceeded limits (Washington Post) Wee
doggies! This sounds like the stuff that SNL Weekend Update ‘Really’ skits
are made of; also fitting into that list of queries as, ‘Is the Pope Catholic?’,
‘Do bears **** in the woods?’, etc.. Come on! Wake up! This is the kind of
complicit cover-up / corruption found betwixt and between all three
branches of the u.s. government leading ineluctably to america’s current
decline and to which I’ve attested under penalty of perjury in the context of
the RICO litigation [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenalty
ofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].

Go to following pages for above links:


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

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

You may post a comment on my blog on any topic:


http://alpeiablog.blogspot.com

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”

Fed Sees Slower Growth Wall Street Journal | Updated forecast to be


released Wednesday afternoon with the minutes of the Fed’s late-June
policy meeting is likely to show that officials have trimmed their
second-half forecasts.

Chinese rating agency strips Western nations of AAA status London


Telegraph

UK public sector debt ‘around £2 trillion’ London Telegraph | The UK’s


public sector debt could be £1.13 trillion higher than headline figures
suggest, according to research.

Moody’s Cuts Portugal Rating by Two Notches

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.

24 multinationals move HQ to Shanghai CNTN | Vale, Walt Disney and Kraft


Foods have decided to move their regional headquarters to Shanghai.

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

Public confidence in Obama reaches new low (Washington Post). Six in 10


Americans lack faith in Obama and hold lower esteem for members of
Congress, according to the latest Washington Post-ABC News poll.
Such stats as this tend to typify scenarios as this where you break
every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on
wall street, and the growing realization of ‘typical’: Public confidence
in Obama reaches new low (Washington Post) Six in 10 Americans
lack faith in Obama and hold lower esteem for members of Congress,
according to the latest Washington Post-ABC News poll. Such stats as
this tend to typify scenarios as this where you break every significant
campaign promise that got you elected, from endless war (ie.,
Afghanistan, etc.) to not prosecuting the frauds on wall street, and the
growing realization of ‘typical’:

But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms subpoenaed in attempt to regain Fannie,
Freddie losses (Washington Post). But there’s a reason:

The following youtube video is well worth the look and explains how and
why the frauds on wall street have gotten away with their devastating
fraud thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS
PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In
emotional and personal testimony, an ex-Justice official who quit over
the handling of a voter intimidation case against the New Black
Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants
and white victims ...’ US v. AZ... Cases against Wall Street lag
despite Holder’s vows to target financial fraud Washington Post |
Obama has promised to hold Wall Street accountable for the
meltdown. ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?


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

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.
Then there is the well researched, produced, and informative ‘ESOTERIC
AGENDA’ which explains how we’ve gotten to this forlorn point:
http://video.google.com/videoplay?docid=-7052400717834950257#

Pentagon warns Congress: Accounts running dry...(Drudgereport) Isn’t this


headline eerily reminiscent of that seminal B film by Roger Corman for
Jack Nicholson, ‘Little Shop of Horrors’ (and remake) wherein a murderous
vegetable / plant clamors incessantly and insatiably, ‘feed me’. Eight U.S.
service members killed in series of attacks in southern Afghanistan
(Washington Post, July 15, 2010) . This ridiculous war apparently for the
sake of the american sponsored reinvigorated heroin trade was a bad idea
ab initio even if america wasn’t defacto bankrupt.

Concern over smashing into the 'wall of debt' (Washington Post) Oh,
they’ve hit the wall alright; and, it’s not just debt.

I believe the printing presses have been working overtime to pump out
ever more worthless fiat currency and with the many trillions of
worthless fraudulent paper still out there and marked to anything. I
further believe the same is being surreptitiously used to supplant the
fraudulent paper, the consequences of which will be devastating, of
course, as is invariably so in depressions in any event. This scenario
would also mean huge fraud accomplis. This market is paper on paper
moving around and generating commissions at lightning
computerized speed but adding no real value in real economic terms;
again, the analogy of termites eating away at the (nation’s) foundation
is apposite. As such, that money has to come from some real place
and hence, the ever more frequent and larger crashes we are seeing.
Don’t forget that the worthless paper from previous such fraudulent
schemes now marked to anything is still out there in a magnitude
some have placed in the hundreds of trillions.

Biggest wall will be reality:

‘This is a global depression. This is a secular bear market in a global


depression. The past up move was a manipulated bull (s***) cycle in a
secular bear market. This has been a typically manipulated bubble as has
preceded the prior crashes with great regularity that the wall street frauds
and insiders commission and sell into.’

Harry Dent, Jr. Economy will be in a Depression by 2011


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

Economists worry women, minority business owners' gains will be lost


(Washington Post) Little bit late for ‘economists worry’; talk about
senile greenspan / no-recession bernanke economics /
prognosticating. Does anybody recall the merciless drubbing (and
pressure) that Ross Perot got for predicting the ill effects of NAFTA
and standing against the tide. In america today, the best men never
win; that’s reality, and also the sign of decline.

Exports are up, but where are the jobs? (Washington Post) Gone with the
wind? Sorry, I must have been thinking of million dollar movies. Seriously
though, I dare say everyone knows they were gone with that ‘bi-partisan
executive / congressional, think-tank, cia / nsa ill wind’ that others might
refer to as flatulence / passing gas, also called NAFTA, and also proudly
hailed by the foregoing as ‘strategy’. They’re gone, and never to return.
Moreover, the flipside of the exports, viz., imports, doesn’t bode well
despite the fraudulent wall street b*** s*** and their chorus of cheerleaders
in washington. Some might say self-delusion but I would say fraud covers
all.

Companies pile up cash but still won't add jobs (Washington Post) Unlike
the public sector (which now exceeds private sector in job gains and
average compensation), the private sector attempts to mesh hiring with
economic supply / demand factors to maximize (shareholder) profits /
wealth. Whatever faults american companies have, with relatively few
exceptions, this still remains a very basic fundamental and building
surplus (generating profits) is a necessary precept to ensure survival and
the capacity to be a good ‘citizen’ so to speak. Then there’s reality:

Retail sales down for 2nd consecutive month (Washington Post) Another
‘Come on’ day on fraudulent wall street! This time it’s the unexpected
downward revision to previous market-frothing retail sales report and poor
retail sales and plunge in mortgage applications and then there’s the fed
minutes pointing to extended bad economy. See Dave Fry’s (Daily)
summary below referencing in euphemistic fashion, yet another ongoing
manipulation also known as fraud. (Absent prosecutions, they’ll continue
to do what comes natural to frauds on wall street). Great opportunity to sell
/ take profits since much worse, also called reality beyond the b*** s***, to
come. Then there’s also the bad but typical news; viz., retail sales,
mortgage apps, economic outlook down, and yesterday deficits, trade and
budget, up.

Mideast 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.

WHICH WAY IS THE MARKET GOING NEXT? Gomes: ‘Having been a


technical analyst for the first 10 years of my investing career and a
fundamental analyst for the past 15 years, I'm a believer that technical
patterns form as fundamentals unfold. As such, if you know something
about both, you can confirm both against each other. At this point in time, I
see a market that is technically reaching up toward its 200 day moving
average (2,250 for the NASDAQ). I also see a 50 day moving average that is
threatening to drop below that 200 day moving average. Technically, that is
usually a very bad sign for the market. …
1) Economic indicators are dropping fast. For all intents and purposes, the
unemployment rate has not budged. Meanwhile, store shelves are stocked
again, PCs have been upgraded, etc. In other words, the pent-up demand
that drove the current rebound has almost run its course. What little
remains no longer has the power to drive the economy as it has over the
past 18-months.
2) "Follow the money". This is one of the most powerfully simple rules on
Wall Street. When money is flowing into the economy (i.e. via lower interest
rates or stimulus $$$), it's usually good for stocks..and vice versa. At
present, interest rates can't go much lower and the numerous stimulus
programs are losing effectiveness. This means that the money is no longer
flowing in. Worse yet, the money that was spent is not generally viewed as
having been money well spent. This does not bode well for a new stimulus
package to come anytime soon. In other words, money is not flowing in
AND doesn't appear poised to flow in anytime soon. In fact, state and
municipal budgets are being cut (money flowing OUT), while they raise
local sales and income taxes (more money flowing out). if federal taxes go
up in 2011, as planned, even more money will be flowing out. If you follow
that, you should be flowing out of the stock market. In short, barring a new
stimulus package of other major money-flowing event, I believe the
economy slips back toward recession. Whether or not we double-dip, we
will almost certainty slip in that direction.
3) If you follow the money in Europe, you will run for the hills. Europe has
decided to spin 180-degrees and shift from stimulus to austerity (if you
don't know the definition, look it up -- you'll likely hear it again -- and not
just from me). Effectively the opposite of stimulus, austerity will pull money
away from the European economies...which tells us to pull money away
from stocks. Worse yet, the effect of the EU/IMF bailout is already wearing
off. Greek yields are rising again and Portuguese credit ratings have been
reduced.
4) Global bubbles are bursting. Most notably, home sales in China and
Canada are starting to fall. Remember what happened when the U.S.
housing market cracked? That's right -- that's what started this mess in the
first place.
5) Politically, this period in time has a tendency to be bad for stocks. There
is uncertainty around the mid-year elections...and the market hates
uncertainty. Historically, the political picture doesn't become clear until
October, at which point we might expect a rally. Until then, expect the
democrats to do everything they can to retain their jobs in November. That
means, "stop pissing off the public"...and the public seems pretty pissed
about how the stimulus $$$ worked out for them (or more accurately, how
it DIDN'T work out for them). Thus, the political pressure will lean against
further stimulus until after the elections.
The Bottom Line: I believe that the market will start to reflect these
concerns very soon. These are real fundamental concerns, which you can
see reflected in the technicals. As the market reaches the 50DMA and the
200DMA, it will be inclined to retreat (barring some new, hugely positive
news). Meanwhile, the 50DMA is 90%+ likely to cross below the 200DMA,
giving the market more reason to retrench. At some point, if the economy
sinks far enough and if the market drops far enough, political pressure for
more stimulus will mount. At that point, money will flow back into the
economy. But that time is not now. Now, money is flowing away like the
tide...and so should your invested capital. I'm not always right, but I do my
best, based on the information before me. Based on what I see right now,
the most logical conclusion is to expect a long, ugly summer for stocks. If I
see information that changes that view, I'll be sure to post an update to this
post. Disclosure: I have short positions against the market

NAACP Resolution Designed to Wreck Tea Party Movement by Playing


Race Card Kurt Nimmo | The Tea Party movement is more popular
than either the Democratic or Republican parties, so it must be
destroyed.

Majority of Americans lack faith in Obama: poll Nearly 60 percent of


American voters say they lack faith in President Barack Obama,
according to a public opinion poll published on Tuesday.

Majority of Americans lack faith in Obama: poll Reuters | Nearly 60 percent


of American voters say they lack faith in President Barack Obama,
according to a public opinion poll published on Tuesday. Top anti-
war Democrat: Afghanistan war could ‘destroy’ Obama’s presidency
Raw Story | An outspoken anti-war Democrat said ongoing US military
efforts in Afghanistan could deeply imperil the presidency of Barack
Obama and the fortunes of the Democratic Party. Obama’s debt
commission warns of fiscal ‘cancer’ Washington Post | The
commission leaders said that, at present, federal revenue is fully
consumed by three programs: Social Security, Medicare and
Medicaid.

If not for the likes of ie., Dell Computer, most (ie., those die hard Mac,
Iphone, Ipad, etc., aficionados among others) would say microsoft’s
already in the clouds, so to speak. Microsoft takes aim at the cloud
(Washington Post)

No help in sight for jobless (Washington Post) Well, from their perspective,
they really don’t feel your pain, and, it gives the frauds on wall street
another b*** s***, market frothing, false talking point in the form of ‘fewer
continuing claims for unemployment’. Then there’s that ‘ depression thing’.

The big crash — America plunges into Depression Alexander Cockburn

‘This is a global depression. This is a secular bear market in a global


depression. The past up move was a manipulated bull (s***) cycle in a
secular bear market. This has been a typically manipulated bubble as has
preceded the prior crashes with great regularity that the wall street frauds
and insiders commission and sell into. This is a typical wall street churn
and earn, pass the hot potato scam / fraud as in prior crashes.’

Making millions from mowing lawns [Sounds like a plan … riiiiight!]


(Washington Post) Value Added | Entrepreneur's reinvestment and
diversification … By Thomas Heath For the less entrepreneurial at heart
there’s always … flippin’ burgers … Washington, D.C.: the nation's (burger)
capital? (Washington Post) | ‘The Washington area has emerged as fertile
ground for ground chuck …’ Survey: A satisfied federal workforce
(Washington Post) Indeed they should be since they’re totally expendable
and a waste of taxpayer money.

Return of the No-Volume Melt-Up

Momentum Book Update: Trend Indicators Still Pointing Negative

Employment Picture Is Getting Bleaker

The Debt Party Is Over ‘… In a Ponzi scheme, the end comes when the
marginal investor decides to do something else with his money. Then the
house of cards stars falling apart. …’

Mattis: 'It's fun to shoot people' Washington Post - Ed O'Keefe - Jul 9, 2010
By Ed O'Keefe President Obama's pick to lead military operations in
Afghanistan, Iraq, Pakistan and the Middle East is an experienced
ground combat commander, but also earned a stern rebuke in 2005 for
controversial comments about combat operations. Gen. James
Mattis is named head of US Central Command Los Angeles Times
Blunt General Appointed to Lead Forces in Mideast New York Times

DRUDGEREPORT: BOMBSHELL: Media Mogul Mort Zuckerman Admits He


Wrote One Of Obama's Speeches...
Were White House Officials Ready to Expose Collaboration?
Zuckerman Now: Obama Barely Treading Water...
MICHELLE TELLS BLACKS TO 'INCREASE INTENSITY'
6 troops killed in Afghanistan...
DEM GOVS WARN: OBAMA SUIT VS. AZ IS 'TOXIC'
Debt panel has gloomy outlook...
Crisis Awaits World’s Banks as Trillions Come Due...
G20 looks to Beijing to drive global growth … They’re dreamin’! ...

They say ‘stocks oversold’. Preposterous! Stocks have been overbought


based on bad news or nothing at all, rallying on ‘not as bad as expected’.
Even if that were true (I don’t believe anything they say), who cares what
the criminally insane frauds on wall street say what they expect. It’s
fundamentals, economic and financial, that ultimately count; but, in the
meantime, they’re like termites eating away at the nation’s foundation with
lightning fast computerized trade programs, all of which excessively huge
commission churn / earn revenues are a net negative for the economy in
real economic terms which is evidenced by unprecedented economic
decline in all productive sectors of the economy. This is a great
opportunity to SELL / TAKE PROFITS since this suckers rally to suck
suckers in and keep them sucked in is based on fraud and b*** s*** alone
and: ‘This is a global depression. This is a secular bear market in a global
depression. The past up move was a manipulated bull (s***) cycle in a
secular bear market. This has been a typically manipulated bubble as has
preceded the prior crashes with great regularity that the wall street frauds
and insiders commission and sell into. This is a typical wall street churn
and earn pass the hot potato scam / fraud as in prior crashes.’

Technical Indicators Trigger Major Sell Signal ‘…In summary, the bearish
picture is confirmed by technical indicators, a fundamental outlook,
sentiment gauges, and valuations.Based on what the market considered
fair market valuations at prior historic market bottoms, one can conclude
how far stocks have to drop to reach the previously attained level of fair
valuations …’

Simon Maierhofer: ‘On Friday July 9, 2010, 4:32 pm EDT It rarely ever
happens, but when it does, it's serious. It has only happened nine times in
10 years. We are referring to crossovers between the 200-day and 50-day
simple moving averages (SMAs).Very few technical indicators receive as
much attention and media coverage as the 50 and 200-day SMAs. The 200-
day MA is perceived to be the dividing line between a stock that is
technically healthy and one that is not. It's a Big Deal It's a big deal when a
stock or an index drops below the 200-day SMA. It's an even bigger deal
when the 50-day SMA of any given stock or index drops below the 200-day
SMA. Such a crossover reflects internal weakness - at least in theory. We'll
discuss in a moment how the actual numbers match up with theoretic
assumptions. On June 22, 2010, the S&P 500 (SNP: ^GSPC) and Dow Jones
(DJI: ^DJI) dropped below the 200-day SMA. One day later the Nasdaq
(Nasdaq: ^IXIC) followed. On July 2, 2010, the 50-day SMA for the S&P
(NYSEArca: SPY - News) 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.

Commercial Real Estate Loans Extend and Pretend ‘…Courtesy of


Thomson / Reuters Commercial Real Estate Loans – Extend and Pretend
Community banks have commercial real estate loans where the borrower
cannot make scheduled interest and principle payments. More than 50% of
all FDIC-insured institutions have loan pipelines that are 80% to 100%
funded. This is a measure of how banks are stuck with noncurrent assets,
but they are not classified that way. Instead, community banks are giving
borrowers more time to make their payments on the theory that it’s better
to collect zero on some loans rather than owning the real estate that
collateralizes those loans. This concept is dubbed “extend and pretend”
hoping that the borrower will eventual pay the loan back. Banks in this
practice are known as “Zombie Banks” as they can’t lend, can’t lure in new
investors, and wait for the FDIC to knock on their doors on Friday
afternoon. This strategy includes stretching out loan maturities and
allowing below-market interest rates to slow the number of defaults and
preserving the capital of banks that would be expended if property had to
become “Other Real Estate Owned.” As a result “Loans 30 to 89 Days in
Arrears” and “Noncurrent” loans are not growing as fast as they should be.
The net result of these practices masks the true toxicity of the Commercial
Real Estate market. It’s not just the small banks that are employing “extend
and pretend” tactics. I read that the Bank of America (BAC) has extended a
large real estate loan in Buckhead, Georgia the high-class area north of
Atlanta. The loan finances the development of a high-end shopping and
residential project in 2007 and now three years later the cranes are silent
and the project is fenced in. The banking regulators are helping the banks
by allowing the lenders several ways to restructure loans. While doing so
the banks are allowed to keep these loans as “performing” even with
collateral values below the loan amounts. Extend and pretend is also
known as kicking the can down the road. It seems to me that we have
wasted billions if not trillions in stimulus money and bank bailouts when
this money could have been used to actually fund the completion of these
projects. Such a plan would have cost tax payers much less and would
have kept Americans working on Main Street USA, as finishing incompleted
real estate projects are clearly “shovel ready” projects. According to
Foresight Analytics banks hold $176 billion of CRE loans that could be
declared toxic. This is the tip of the iceberg as the FDIC Quarterly Banking
Profile shows $1.09 trillion in nonfarm nonresidential real estate loans and
$418 billion in Construction & Development loans on the books of our
nation’s banks. About two-thirds of the CRE loans are maturing between
now and 2014, and are underwater. Commercial real estate property values
are down 42% from the October 2007 peak. At the end of the first quarter
9.1% are delinquent up from 7% a year earlier. Bankers justify “extend and
pretend” saying that it’s better than calling the loan and dumping more
property on a depressed market. We need a stronger economy to entice
new investors to resurrect projects and to find new demand for competed
offices, hotels, condos etc which are the finished products of completed
CRE projects. Without a strong economic recovery these loans will
eventually have to be written off down the road. The problem is that while
these loans are on hold banks can’t justify new loans, which would be the
engine of economic growth. And the beat goes on. Disclosure: No
positions’

Light Volume Temptations: Dave's Daily ‘Volume still matters, doesn't it? It
seems not as the financial media ignores our light volume market in favor
of writing bullish headlines. With hedge funds mostly sidelined according
to reports posted here yesterday, the primary buyers must be trading
desks on Wall Street and a handful of algo traders. It's tempting to come off
the sidelines and join the fun but perhaps it's just the trap they're laying for
you. A headline at Reuters read this afternoon: "Weaker Economic Views
Equals Stronger 3-Year Note Sale". So, if equity markets are forward-
looking one must wonder what these few buyers are seeing beyond a
short-term trade. Headline writers say its strong earnings growth that will
prop markets coupled with rosy outlooks. That would have to be the case
otherwise this is just a sucker's rally. As stated, volume was holiday-like
light (40% below average) making it really easy for the machines to take
over trading, and so they did ... ‘

Economists, Financial Experts: U.S. Is Trapped In 1932 Size Depression


Following Nobel Laureate Paul Krugman’s declaration last week that
the U.S. is in entering a third period of great depression, more and
more economists are following suit, comparing the scale of the crisis
to that of the early 1930s.

Ahmadinejad brands US world’s dictator ahead of summit

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].

DRUDGEREPORT: Evans-Pritchard: It's Really Starting to Feel Like 1932


[Depression] ...
Dow Repeats Great Depression Pattern...
Investors fear risk of regional defaults...
Obama: 'The great jobs killer'...
Turkey, a leader of nations, wants war criminal israel apology, israel rejects
demand ...

Inventory Cycle Has Run Its Course Harrison – ‘… This is the scenario I
have been predicting for months now.

• Double Dip Recession and the Obama 2011 Budget (February 2010):
The long and short is that – come Summer – the inventory cycle’s
thrust will have dissipated. And if companies are not hiring by this
time and consumer spending is not increasing more robustly, then
the state budgets, the strategic defaults and all of the rest of that
becomes a serious obstacle. In my view, more likely than not, this
will lead to another recession late in 2010 or in 2011. And nothing in
the President’s budget changes this outlook.
• The mindset will not change; a depressionary relapse may be
coming (March 2010): the inventory cycle’s impact on GDP growth
will attenuate. By the second half of 2010, inventories will not add
considerably to GDP.
• US GDP growth rate is unsustainable; recovery will fade (April 2010):
The inventory cycle is already starting to fade. That means weak 1 or
2% growth at best by Q4 2010. Unless job growth picks up
tremendously by the second half of the year, this recovery is in
trouble.

David Rosenberg says the ISM leads jobs. And, the latest jobs numbers
were weak.
I would be nonplused about the recent ISM data if it weren’t for the column
highlighted in red. Notice how the momentum for everything is slowing.
Not just the overall index, but new orders, production and employment …’

U.S. Economy “Is a Complete Disaster” Yahoo! Finance | The U.S. economy
is in shambles and Americans will continue to see high
unemployment and lower living standards in the years to come.
America is sinking under Obama’s towering debt I hope the White
House is paying attention to the latest annual Congressional Budget
Office Long-Term Budget Outlook, which offers a truly frightening
picture of the scale of America’s national debt, with huge implications
for the country’s future prosperity. 7.9 million jobs lost, many
forever CNNMoney | The recession killed off 7.9 million jobs. It’s
increasingly likely that many will never come back.

50 Random Facts That Make You Wonder What In The World Has Happened
To America The Economic Collapse | For those who still love this land
(and there are a lot of us) it is heartbreaking to watch America slowly
die. BP, Homeland Security, and Cops Work Together to Deny First
Amendment Kurt Nimmo | BP, Homeland Security, the FBI’s Joint
Terrorism Task Force, and local cops will now decide if it is
acceptable for journalists to take photographs. Will G20 Police
Succeed In Covering Up Reports of Rape and Torture? Infowars.com |
Can authorities be allowed to cover-up the Abu-Ghraib style
incarceration methods Toronto police engaged in during the G20
summit this past weekend, where women were arrested and
subsequently raped by male cops? Emergency S.O.S.: America
Falling to Foreign Bank Takeover – Fourth of July Alex Jones breaks
down the takeover by offshore banking powers– newly empowered by
Congress’ banking “reform,” expanded taxes worldwide, as well as
accelerated moves towards ending the Dollar’s reserve status,
including urging from a recent United Nations report. More than
one-quarter don’t know who US gained independence from Every
Fourth of July, Americans gather to celebrate the country’s
declaration of independence from … um, what country was that
again?

DRUDGEREPORT: TORN ON FOURTH OF JULY: OBAMA DIVIDES


NATION...
Great Republic in parlous state -- politically, economically...

YEAR 9: Petraeus in Afghanistan warns of tough mission...


'We are in this to win' … Win what? The fact of america’s defacto
bankruptcy and being there IS failure no matter what they ultimately call
this debacle ...
Illinois Stops Paying Its Bills...
Facing 'outright disaster' amid budget crisis...

Turn On, Tune In...Nah, Just Drop Out … Discouraged workers at a new
cycle high And small wonder. The median unemployment duration went to
a new all-time high (since the 1940s, anyway, when that series begins) and
shows no signs of slowing its ascent … (Chart, source Bloomberg)…

YEAR 9: Petraeus in Afghanistan warns of tough mission … What mission?


What plan?.What strategy? National bankruptcy?… Mission
accomplished! ...

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


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

JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS LOST...


Rate dips as 652,000 give up search...
Depressing... [That’s why they’re called depressions (just kidding … but no
laughing matter) … At this rate, with all those lost jobs and jobseekers no
longer seeking those lost jobs that aren’t there, by their calculations (9.5%
the bright spot … riiiiight!) we should be at full employment very soon …
you can’t make this stuff up … really!].

Ron Paul: 114 Flip Flop on Audit The Fed Causing Bill to Fail 229 – 198 Ron
Paul’s attempt to audit the Federal Reserve, which was previously co-
sponsored by 320 members of the House (HR 1207), failed by a vote of 229-
198. All Republicans voted in favor of the measure with 23 Democrats
crossing the aisle to vote with Republicans. 122 co-sponsors of HR 1207,
all Democrats, jumped ship and voted against the measure. The Future
of Audit the Fed Congressman Ron Paul discusses the latest in the efforts
to get a full and complete audit of the Fed as well as the future of Fed
transparency. Like Congressman Paul says, we’ve accomplished a lot of
good with our movement, and there’s many reasons to be optimistic for the
future. Ditch the Buck! Dollar demise ‘a matter of months’ A report by
the United Nations says the American dollar should be ditched as the main
global reserve currency. It said that the global financial meltdown has
exposed systematic weaknesses, one of which is the reliance on the
greenback. G-20 is Relying on China To Drive the World Economy … But
China Isn’t Looking So Hot The G-20 is apparently relying on China to
drive the world economy.

Middle class families face a triple whammy Edmund Conway | Falling


pensions, cuts and the banking crisis will impoverish many families.

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


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

GOP chairman: Afghan 'war of Obama's choosing' (AP) - Republic