August 042010 Posts

Business / Economic / Financial
[ This link to a somewhat 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. As with up to now the better page
http://www.scribd.com/alpeia is provided for ease of formatting and
clarity 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 ]
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’.
YAHOO [BRIEFING.COM]: .A better-than-expected ADP Employment

reading and a stronger-than-expected ISM Service Index gave stocks a lift,
but caution ahead of other pivotal jobs data limited gains until an afternoon
bid lifted the major averages out of their trading ranges to a solid finish.
The July ADP Employment Change showed that 42,000 jobs were added to
private payrolls last month. Given that the increase was greater than the
25,000 additions that had been widely expected, some hope that the official
nonfarm payrolls figures will be stronger than currently forecast when they
are released Friday morning. Before that, participants must digest the
latest weekly initial jobless claims count, which is due tomorrow morning.
While the ADP data gave stocks a positive start this session, gains grew
when the July ISM Service Index came in at 54.3, which bested the 53.0 that
had been expected. However, gains were dashed when stocks ran into
resistance near the stock market's weekly high and rumors surfaced that
China's regulators have requested stress tests of their banks. The alleged
tests would consider a 60% decline in residential property prices. That
prompted some concern about how the possibility of plummeting property
prices in China would hurt the global recovery. Though there was no real
leadership to speak of, stocks fought off efforts to take them into the red.
They then chopped along with modest gains before gradually climbing into
the close …’
Japan, the U.S., Bubbles and Deflation
Midnight Trader ‘4:22 PM, Aug 4, 2010 --
• NYSE up 35 (+0.4%) to 7,182.14

• DJIA up 44 (+0.4%) to 10,680
• S&P 500 up 6.78 (+0.6%) to 1,127
• Nasdaq up 20 (+0.9%) to 2,304
GLOBAL SENTIMENT
• Hang Seng up 0.43%

• Nikkei down 2.1%
• FTSE down 0.09%
UPSIDE MOVERS
(+) SIRI boosts FY outlook.
(+) BKS exploring possible sale.
(+) ARIA swings to profit.
(+) DGIT beats Q2 estimates.
(+) DNDN misses Q2 estimates but says Provenge sales growing.
(+) FTLK postpones share offering.
(+) XOMA gets orphan drug status for Behcet treatment.
(+) SQNM gets upgrade.
(+) MOT gains as FT says tablet in the works.
(+) XJT sold to SkyWest for $6.75/share.
(+) SOLF upgraded.
(+) GRMN beats with earnings.
DOWNSIDE MOVERS
(-) BP down despite progress with mud fix.
(-) DSCO loss meets Street view.
(-) SMCI misses with earnings.
MARKET DIRECTION
Stock averages extended gains in the last stretch of Wednesday's session,
ending up 0.4%-0.9%. Improved economic data and mostly upbeat earnings
and guidance helped stocks recovery from Tuesday declines.
Gains followed upbeat reports on private-sector hiring conditions and the
services economy though caution persists after Monday's sharp gains and
ahead of Friday's Labor Department jobs report. Earnings news was mostly
positive.
Oil closes lower but ends above $82 a barrel. The dollar is firmer for the
first day in six but remains near a 15-year low against the yen. Gold gains
but is shy of the $1,200 mark.
Ahead of the open, ADP said private employers added 42,000 jobs last
month, slightly better the forecasts of economists polled by Thomson
Reuters.
Meanwhile, the ISM's service sector index, covering the biggest component
of the U.S. economy, rose to 54.3 in July from 53.8 in June. That's better
than the 53 expected; any reading above 50 indicates growth.
In company news:
Two late-stage studies of an experimental hepatitis C drug from Merck &
Co. (MRK) met two main effectiveness goals, according to Reuters. Merck
expects to seek approval for boceprevir--a drug gained by Merck through
its acquisition of Schering-Plough--by the end of the year, the report said.
Intel Corp. (INTC) reportedly settled with the U.S. Federal Trade
Commission in an arrangement where Intel can't retaliate against computer
makers who do business with non-Intel suppliers, according to a Wall
Street Journal report of the deal. Additionally, Intel can't make benefits to
computer makers in exchange for their agreement to only buy chips from
Intel.
Motorola (MOT) is up after investor Carl Icahn again raised his stake in the
company. Icahn raised his shareholding to 9.99% from 8.75% in May,
according to a U.S. regulatory filing dated yesterday. The billionaire
investor held 5.15% of MOT at the end of last year.
Shares of HSBC (HBC) are lower on word that American authorities are
probing the U.S. division of the bank regarding its compliance with anti-
money laundering procedures, Reuters reported, citing a regulatory filing.
According to the filing with the U.S. Securities and Exchange Commission,
HSBC has reportedly received subpoenas and other requests for
information, the report said.
Barnes & Noble (BKS) is higher after it announced it would explore
strategic alternatives, including a possible sale. The company's board said
it came to this decision based on the price of Barnes & Noble shares in the
marketplace, which the board believes are now significantly undervalued.
Pfizer (PFE) reportedly opted to not file an infringement lawsuit against
DepoMed (DEPO) over gabapentin, a drug to treat epileptic seizures,
according to a Reuters report. While the news is as expected, it removes an
overhang from Depomed shares, according to Roth Capital Partners.
ExpressJet Holdings (XJT), parent company of regional and charter airline
operator, ExpressJet Airlines, Inc., today announced that it signed a
definitive merger agreement with SkyWest, Inc. (SKYW). SkyWest will
acquire all of the outstanding common shares of ExpressJet for $6.75 per
share in cash, or $133 million, subject to the conditions of the definitive
merger agreement.
In earnings news, Internet company AOL (AOL) reported a $9.89 per share
loss in Q2 based on a $1.4 billion accounting charge for social networking
site Bebo. The company made $0.86 per share a year earlier. AOL says
revenue fell 26% to $584.1 million. The Thomson Reuters survey called for
$610 million in revenue.
Time Warner (TWX) shares are higher after the company reported a second
quarter profit helped by improved advertising and box office sales. Time
Warner reported second quarter net income of $562 million, or $0.49 a
share, for the three months ended June 30. That was up from $524 million,
or $0.43, a year ago. Without one-time items, the company would have
made $0.50 a share versus analysts' expectations of $0.45 a share.’
Interest rates will go up quicker than anyone expects, ex-Bank of England

officials warn Interest rates will have to rise earlier and more sharply
than expected to keep inflation under control, two former Bank of
England policy-makers have warned.
Celente: US oligopoly is a big lie August marks the three year anniversary
of the beginning of the financial crisis. The collapse continues today,
said Gerald Celente of the Trends Research Institute. Celente says
that by focusing on the Great Depression, government experts are
focused on the past and are neglecting the future. The Great
Depression is history, argued Celente, saying it is time to look to the
future, not the past.
Commercial real estate maturities will peak in 2012 – $350 billion in loans
coming due and hundreds of additional bank failures. Bank lending in
the CRE market collapsing The commercial real estate disaster is
sinking banks on a weekly basis. Talk of a V-shape recovery is now
largely a moot point since we are past the point of a quick and strong
recovery.
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.
USDA Reports Food Shortages: Wall Street ‘Caught Off Guard’ by Severity
Activist Post | Several recent headlines indicate that food prices will
continue their swift climb upward.
China Tells Banks to Stress Test for 60% Home-Price Drop Bloomberg |
China’s banking regulator told lenders last month to conduct a new round
of stress tests to gauge the impact of residential property prices falling
(8-4-10) Dow 10,680 +44 Nasdaq 2,303 +20 S&P 500 1,127 +6 [CLOSE-
OIL $82.47 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.74 (reg. gas in LAND OF FRUITS AND NUTS $3.13 REG./ $3.31 MID-
GRADE/ $3.38 PREM./ $3.72 DIESEL)/ GOLD $1,195 (+24% for year 2009) /
SILVER $18.29 (+47% for year 2009) PLATINUM $1,576 (+56% for year 2009)
/ DOLLAR= .76 EURO, 86 YEN, .62 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 2.95% …..… 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!
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. Is this really reason to celebrate? But wait,
there's more. The S&P Case-Shiller Composite Home Price Index inched
from 144.59 to 146.43 for May, a 1.25% increase. Many are unaware that the
Case-Shiller Home Price Index is a three month average and is released
with a two month lag. The most recent 3-month average as of May included
the period when buyers still received their $8,000 tax credit. As the chart
below shows, despite a 80%+ rally in equities, trillions worth of stimulus
money, $8,000 home-buyers tax credit, and a lot of hot air, the Case-Shiller
Index has only risen 6 points, or 5.15%, from its March 2009 low and
remains 30% below its 2006 high. [chart]
Banks' Toxic Assets: It's no secret that the economy started choking
because banks gorged on toxic real estate assets. As the real estate related
losses piled up, banks got into trouble and started hording their meager
funds and lending dried up. Since then, banks have taken free government
money and invested it in various Treasuries. Even yields for short and
long-term treasuries (NYSEArca: TLT - News) have fallen, and banks have
been earning interest without risk, while businesses can't obtain funding.
Another income source for banks has been securities trading. But, since
stocks have fallen, so have banks' trading revenue, meanwhile banks' real
estate portfolios remain unchanged. Unemployment is persistent and
foreclosures continue to soar. Thus far, free interest and rising stocks have
covered up the losses racked up by banks' portfolios of toxic assets. But
the weak link (falling real estate prices) has not been fixed. Once pressure
is put on the chain, it will break again. The problems within the financial
sector have been visible all along. 106 banks, many of them regional banks
(NYSEArca: KRE - News), have failed already in 2010. At the same time last
year, only 65 banks failed. An additional 775 banks are on the FDIC's
problem bank list. Unlike Wall Street and the financial media, the ETF Profit
Strategy Newsletter bothers to take a look under the hood and examine the
engines that drive the economy. It's quite obvious that a number of pistons
have blown, the engine is sputtering but the car is rolling downhill. Once
the next hill comes, the car (aka the economy) will come to a standstill.
AAA can't fix blown pistons, neither can the government.
The ETF Profit Strategy Newsletter regularly and consistently monitors and
analysis technical, fundamental, sentiment and valuation gauges to
formulate detailed short, mid and long-term forecasts, along with a target
for the ultimate market bottom. ‘
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 In early
January 2008, I had a very troubling conversation with my colleague at
Matrix Analytix regarding a significant warning sign suggesting that a
major crisis loomed on the horizon of the equity markets that year. The
content of our conversation was focused on the implications of a massive
one-year head & shoulders on the S&P 500 (SPY). The issue consistently
pervaded my mind because if what the equity markets seemed to signal
was true, we were probably headed for a major collapse. I remember asking
him specifically, “Can this be for real? What are the implications of a head
& shoulders of that magnitude completely unwinding?”My colleague all but
confirmed my concerns even pointing to a potential culprit for the
impending downturn. He had noted that the markets had all but brushed off
early warnings of systemic risk and liquidity concerns posed by the
potential failure of subprime MBS’s that August, and that such concerns
were likely to resurface in 2008. I, for one, didn’t really care what the
potential culprit may be. For me, the fact that market technicals suggested
that an impending failure was drawing near formed the basis of my
concerns.The fact that market participants, investors, and the mainstream
media continued to put their heads in the sand and ignore such blatant
signs of the broader market was simply unacceptable. At the time, the S&P
500 had rallied nearly 35% over the past 2 years. There was rampant
discussion of Dow (DIA) 18,000 as the market continued to “benefit” from
the so-called “Goldilocks economy.” Almost everyone was either oblivious
to the warning signs of the broader market or simply decided to ignore
them.
Turn the page to today, and it’s the same story all over again. While
investors, fund managers, and the mainstream financial media debate
whether we’re headed for a double-dip recession, they simply continue to
disregard the obvious technical damage done on the broader market. Once
again, this article is not so much concerned with the potential fundamental
reasons or theories advanced as to why the markets might unravel.
Instead, I’m more concerned with what the broader market seems to be
telling me about the immediate future.
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.
Once again, right now I’m focused on what the trading activity in the
broader market seems to be telling me rather than on what the
fundamentals of the economy or the mechanical structure of the markets
indicate. The techncials suggest, as they did in early 2008, that there is
something fundamentally wrong with the financial markets and that a
collapse, whatever the fundamental reasons may be, is potentially drawing
near. There are seven issues I’ll briefly discuss below, and why it's
imperative that my readers should explore these issues in more detail.
1. HEAD & SHOULDERS ON THE S&P 500, DOW JONES, AND NASDAQ
The biggest warning sign the market seems to be giving us right now is the
blatant 10-month head & shoulders formation seen on each of the major
indices. Like in 2008, a massive head & shoulders of this magnitude is not
something that investors ought to take lightly. Millions chose to ignore this
warning sign in 2008 at their peril. I’m not going to sit here and belabor the
point as I’ve already written extensively on this topic, which could be found
here.Yet, to summarize, a head & shoulders formation is arguably the most
bearish technical formation in the books. The time, breadth and size of this
head & shoulders is exactly the same as what we saw in early 2008 just
before entering the biggest bear market in modern history …
[chart]
2. BULLISH FLAG ON THE VIX?

Almost as important as the head & shoulders on every broad market index
and exchange is the huge bullish flag on the VIX, VXN and VXX (VXX).
Volatility looks like it's about to explode higher in the September to
October time frame. A convergence of the upper and lower trend lines
appears to take place near the end of August. This certainly does not bode
well for the markets. An explosion of volatility can only be viewed as
conclusively negative for the markets. We can’t have a massive spike in
volatility without a coinciding collapse in the equity markets …
[chart]
3. THE DEATH-CROSS ON THE S&P SUGGESTS THE 2009 TO 2010 RALLY

MIGHT BE OVER
This topic has already been written about quite extensively over the past
few weeks. As you may or may not be aware, the 50-day moving average
crossed under the 200-day on the S&P 500 signaling that the March 2009 to
April 2010 bull market might be at an end. When the 50 and 200 days cross
in this manner, it suggests that the overall trend has weakened to such a
degree that the recent price action is viewed as a topping process for the
markets. We saw this exact same bearish cross on the S&P 500 in early
January 2008 right at the start of the great bear market. You can read more
about the death-cross here, here and here …
4. THE VOLUMELESS RALLY & MUTUAL FUND OUTFLOWS

Arguably one of the biggest warning signs suggesting that the entire 2009
to 2010 advance is just a bear market rally arises from the fact that the
move was done on increasingly less volume. The clear lack of conviction
indicates that the move was orchestrated by very few market participants.
Some have advocated that the 2009 to 2010 rally was performed under the
complete control of the federal reserve or by high frequency traders in
either a ploy to combat deflation or by fixing the odds of the market to
favor the very few. If Goldman Sachs (GS) posting gains every day in Q1
isn’t enough evidence that the game is fixed, I don’t know what is.
Every down move in the market is done on massive volume, and every up
move on little to no volume. Each day of the February to April melt-up rally
was easy to predict. When volume tanks, the market rises and volume
picks up, the market tanks. What kind of no-conviction fraudulent market
rallies on zero volume and tanks on heavy volume? Even the July bounce
to this correction was done on low volume. Down days in July exhibited
huge volume while up days saw declining participation.
This lack of conviction in the equity markets is further evidenced by the

disconcertingly significant mutual fund outflows seen over the past year.
Tyler Durden notes in an article posted at Zero Hedge last week:
The latest update from ICI is a doozy: in the week ended July 21, domestic
equity mutual funds saw a 12th sequential outflow of $1.5 billion. Even as
the market has surged 10% in the last three weeks, just under $10 billion
have been redeemed from mutual funds, completely invalidating the move
and further justifying the skeptics who see absolutely no reflection to
reality in the volumeless ramp orchestrated by a few momentum HFTs and
a couple of Primary Dealers with some excess leftover Discount Window
change. Not to mention that 12 weeks in a row of outflows pretty much
marks game over as far as retail participation is concerned in stocks…
[chart]
5. 1,000 POINT FLASH CRASHES

Adding to the concerns of low volume and mutual fund outflows, if 1,000-
point inter-day swings in the Dow doesn’t raise a clear red flag to investors
that the mechanics of the market is under fire, then clearly nothing can
convince the average investor to consider caution in the coming months.
Whether the so-called “flash-crash” was the result of some questionable
“fat-finger” trade or the result of everyone putting in stop losses at the
same level on the S&P (which I warned about 7-minutes prior to the crash
see here) is anyone’s guess…
[chart]
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!]
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***!
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.
Very Curious Activity in the Gold Bullion Market Leads to Speculation that
Banks are Short Tons of Gold Huge gold swaps have recently
occurred between the Bank for International Settlements and various
banks in Western Europe and the United States. Bankers are
attempting to play this up as “business as usual”. However, the gold
swaps that have been conducted lately are recording breaking in size,
as far from “business as usual” as you can get.
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
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
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.
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.
Brain Eating Vaccines: The Reality Behind The “Conspiracy Theory”
New IMF Strategy Document Charts Launch Of “Bancor” Global Currency
Feds admit storing checkpoint body scan images
Obamacare Defeated- Proposition C Passes in Missouri with 70% Support
A New Breed of Genetically Engineered Vaccines Will Take Control of Our

DNA and Minds
Intel Experts Warn Obama Israel May Bomb Iran This Month
Prince of Darkness & Delusions of Godlike Status: Prince Charles and His
Royal Global Terrorists In another example of what has become the
norm from pseudo intellectual inbred royal families, Prince Charles
again showed an example of his utter buffoonery and idiocy when he
claimed to be on the planet to save us all from ourselves.
Army Suicide Report Ignores Role of Suicide-Inducing Drugs The long

awaited Army report, “Health Promotion, Risk Reduction, Suicide
Prevention” considers the economy, the stress of nine years of war,
family dislocations, repeated moves, repeated deployments, troops’
risk-taking personalities, waived entrance standards and many
aspects of Army culture.
The Truth About Fluoride Hits Mainstream Television in Australia The truth
about fluoride and its toxicity levels are rarely publicized on the
mainstream media. After all, how would the public react if they learned
they were being deliberately poisoned by their own governments?
Obama Drops 2009 Pledge to Withdraw Combat Troops from Iraq

Seventeen months after President Barack Obama pledged to withdraw
all combat brigades from Iraq by Sep. 1, 2010, he quietly abandoned
that pledge Monday, admitting implicitly that such combat brigades
would remain until the end of 2011.
FBI reading your email? The Obama administration is seeking to make it

easier for the FBI to make companies turn over records of individual’s
Internet activity without a court order. As long as the agents deem the
information relevant to a terrorism or intelligence investigation, it is
legal under this potential bill. Many electronic privacy organizations
see it as a major violation of privacy and the constitution.
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.
Possible False Flag? Japanese Say Oil Tanker Attacked Near Hormuz
Bloomberg is reporting this morning that an oil tanker owned by the
Japanese company Mitsui O.S.K. Lines Ltd., operator of the world’s
second-largest oil-tanker fleet, may have been attacked near the Strait
of Hormuz, a strategically important waterway between the Gulf of
Oman and the Persian Gulf bordering Iran.
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.
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
Drudgereport: NEW LOW FOR O: USATODAYGALLUP HAS OBAMA
APPROVE AT 41%...
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'...
Dutch become 1st NATO member to quit Afghanistan...
GATES: Few U.S. troops to leave in 2011 … Sounds like a … no plan! ...
JOINT CHIEFS CHAIRMAN: Defacto bankrupt u.s. has Iran strike plan
Riiight! … new war plan the u.s. plan for dealing with failed plans ...
Gdp: 2.4%
Mediocre Growth...
Recession Deeper Than Gov't Previously Thought...
Nyt: Employment Outlook Fades...
Prince Charles: 'My Duty Is To Save The World' … Well, so much for that.
There Goes The World! ...
AP: A bleaker outlook for economy into 2011...
Rangel faces 13 ethics charges...
(wobama) Calls African-Americans a 'mongrel people'...
'We are now in the trial phase'...
Catalonia (Dali, Picasso, etc.) bans bullfighting (very civilized)...
One In Five Californians Say They Need Mental Health Care (I’d say four in
five is reality in cal and u.s.)e
CLAIM: Giant asteroid on course to hit Earth...
SEC Says New FinReg Law Exempts It From Public Disclosure...
Oprah Hits All-Time Ratings Low- like O -- Again!
GOLDMAN reveals where bailout cash went -- overseas banks!
POLLS: NEW LOWS FOR O...
Top U.S. officer warns Afghan war will get worse...
Bank failure tally passes 100 for year...
BUDGET DEFICIT TO REACH RECORD $1.47 TRILLION...
WH: A 'FISCAL SITUATION THAT REQUIRES ATTENTION'...
Kerry Docks New Yacht In RI To Duck MA Taxes...
PRICE TO ATTEND OBAMA'S BIRTHDAY BASH: $30,000...
CHARLIE RANGEL CHARGED WILL FACE TRIAL
RACE MESS: Obama Said Vilsack 'Jumped Gun' on Woman's Ouster...
Buchanan: Obama team's panic over losing whites...
POLL: ANY REPUBLICAN WOULD BEAT OBAMA IN '12...
Whites, Independents Deserting Obama...
PACK YOUR BAGS: CONGRESS CONFIDENCE AT 11%...
BAILOUT REACHES $3.7 TRILLION...
Gov't watchdogs: Mortgage program not working...
Bernanke: 'Unusually Uncertain'...
Unemployment rate high through Obama term...
Developing... NYT: WORKERS ON DOOMED RIG VOICED CONCERN ON
SAFETY...
Arab guilty of rape after consensual sex with Jew...
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’!
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’!
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.

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?)
Temporary Firehouse Closures Begin In Philadelphia Philadelphia has

started temporarily closing fire stations in order to balance its budget.
Layoffs to gut East St. Louis police force
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.
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.
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.
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.
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.

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.


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.

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



For 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
http://www.albertpeia.com/currentopics2ndqtr
10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
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?
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 ):



WASHPOST TAKES ON THE SPOOKS: Hidden world, growing beyond

control...
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.

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.
'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.

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
served and the wall street frauds et als are criminally prosecuted, jailed,
fined, and disgorgement imposed.

Study: Journalists Starting To Accept The Fact That Their Print

Publications Will Eventually Fold Half of journalists think the print
publications (or TV/radio stations) they work for will eventually fold.
US bank failures in 2010 surpass 100 WASHINGTON (AP)

Seven banks fail Europe stress test (Reuters)
Chinese Central Bank Outlines Plan To Ditch The Dollar As The Yuan’s Peg
Hu Xiaolian, deputy governor at the Chinese central bank, has
released a paper which suggests it’s soon time for China to peg the
yuan to a basket of foreign currencies, rather than the U.S. dollar
alone.
The SEC Launches Investigation Into The Suspicious Timing Of SEC VS

Goldman Case Wall Streeters who have wondered about the
suspicious timing of the SEC’s case against Goldman ever since it
was announced within moments of Obama’s big Fin Reg push will
soon have an answer.
Goldman Sachs Said to Give AIG-Hedging List to Investigators Goldman

Sachs Group Inc. told U.S. investigators which counterparties it used
to hedge the risk that American International Group Inc. would fail,
according to three people with knowledge of the matter.
2011: The Year Of The Tax Increase Unless the U.S. Congress acts, there is
going to be a massive wave of tax increases in 2011. In fact, some are
already calling 2011 the year of the tax increase.
Sen. John Kerry Skips Town on Sails Tax Boston Herald | Sen. John Kerry,
who has repeatedly voted to raise taxes while in Congress, dodged a
whopping six-figure state tax bill on his new multimillion-dollar yacht
by mooring her in Newport, R.I.
Smoking Guns of U.S. Treasury Monetization Jim Willie | 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.
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
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...
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 ):



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!

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.

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/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!

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.

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].

about a little bit late for that. Congress extends war funding for
Afghanistan Disappearing Act: $8.7 Billion of Iraq Development
Money Missing
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.


ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE
INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE
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’.
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***!
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.

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.
http://www.albertpeia.com/currentopics2ndqtr
10108.htm

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
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:

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.
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.!
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

criminally prosecuted, jailed, fined, and disgorgement imposed.
(Cases against Wall Street lag despite Holder’s vows to target

‘The Obama Deception’ Censored ‘In light of this development, I provide

an archived site version which appears to be complete

Web Site Archived FLV Version of Esoteric Agenda

http://albertpeia.com/esotericagenda.flv
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…

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 ].


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.
Mideast Digest Israeli shelling kills 2 wounds 6 Gaza civilians:

A Plague Upon The World: The USA is a “Failed State” Dr. Paul Craig
Roberts | The American people are lost in la-la land. They have no idea that
their civil liberties have been forfeited. US citizen killed on flotilla
reportedly shot four times in head Raw Story | A forensic report said
Furkan Dogan was shot at close range, with four bullets in his head and
one in his chest, according to the Anatolian news agency. The explanation
foisted off on the americans by war criminal israelis is probably something
on the order of ‘they just wanted to make sure they missed him’.
Roberts: ‘AIPAC purchases US elections’ Russia Today | Paul Craig
Roberts says that there will be nothing that is going to be done by the
United States to change the relationship with Israel.
‘US funding terrorist group against Iran’ Press TV | A member of a terrorist
organization operating in Iran says that a US State department radio station
originally put him in touch with the group.
Paul Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo |

John McCain worked overtime to make sure Vietnam POWs never came
home. I think the even bigger story vis-à-vis mccain is:
http://www.albertpeia.com/heroenot.htm ‘Did you know that that so-called
"american heroe" john mccain was referred to by his fellow pows in
Vietnam as something akin to the "songbird" inasmuch as he was
constantly "singing" to his Viet-Cong captors to curry favor and better
treatment? This has been documented with authority by Colonel David
Hackworth. The same violates military code/protocol (other soldiers have
been court-martialed for far less) click Here, Here. [
http://www.albertpeia.com/hackworth.htm ] But, you see, this covered up
scenario, compromizing the false facade of far less than a heroe, is exactly
what a criminal (lie of a) nation as america loves and encourages (get
everyone's hands dirty so no-one dares to rectify same, ie., bush, sr.,
clinton, bush, jr.). That is, "toe the (corrupt, propagandized) line", become a
criminal, or be exposed, prosecuted, and/or ruined; and, hasn't anyone
asked how "wall street" has been "spared the spotlight" (and even was
accorded protective legislation from their criminal culpability) and focus of
inquiry, attention, and prosecution despite being the primary beneficiaries
financial and otherwise of these scams (you know the wall street motto,
"churn and earn"; huge conflicts of interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s Nukes Out of the Shadows Israel faces unprecedented pressure to
abandon its official policy of “ambiguity” on its possession of nuclear
weapons as the international community meets at the United Nations in
New York this week to consider banning such arsenals from the Middle
East.
NASA wants mission to bring Martian rocks to Earth (AP) Why? They
already have that and more:
Launch of secret US space ship masks even more secret launch of new
weapon
The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global

Research | It’s not as if things aren’t bad enough right here on planet
earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth
orbit into another “battlespace.”
buzz aldrin wants to colonize Mars … Riiiiight buzzed! Better check with
DePalma to see if he already has the footage in the can since you
won’t be able to use the moon footage for the new boondoggle
video ...
OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO

BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN …
FOR INNER SPACE (IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com -

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

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

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

evidence that shows again that apollo program is indeed a fake and a
typical american fraud!
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
Editorial: US in quagmire Seeing the warm welcome extended to the

Afghan president on his US trip, it is hard to believe that only weeks
ago Washington was seething with anger and frustration at Hamid
Karzai’s behavior and there were even dark mutterings by US officials
that he might be mad.
War in Afghanistan and Iraq costs America $1trillion From the Old | On May
30th at 10:06 the United States reached the point where they have
spent $1trillion on the wars in Afghanistan and Iraq. Sinking of the
Cheonan: A Classic False Flag Operation Russia Today | Sinking of
the warship was really intended to convince Japan not to move US
forces off Okinawa as well as divert the attention of Americans from
the dire economic situation at home. . Israel: IDF Troops Who
Murdered Unarmed Innocent People Are ‘Brave Heroes’ The
government of israel, aided by many quarters of the international
media, is attempting to spin today’s deadly IDF assault on a
humanitarian aid ship carrying supplies to Gaza as the fault of the
murdered activists on board the vessel, ludicrously characterizing
machine-gun carrying Israeli troops who killed over a dozen innocent
people as the victims of the incident.
Murder on the high seas JERUSALEM: Israeli marines stormed aid ships
bound for Gaza on Monday and at least 10 rights activists were killed,
triggering a diplomatic crisis and an emergency session of the UN
Security Council. European nations, as well as the United Nations and
Turkey, voiced shock and outrage at the bloody end to the
international campaigners' bid to break Israel's blockade of the Gaza
Strip
Israeli American Microbiologist Linked to Deadly Fungus Kurt Nimmo | A

report links labs in the United States and Israel to the Cryptococcus
gatti fungus that has killed several people in the United States.
Iraqi doctors demand cancer probe Al Jazeera | Iraqi doctors believe

depleted uranium from US military equipment used in the 2003
invasion is spreading cancer through the population. [This is all too
true and real; and I’m surprised this hasn’t gotten more attention,
coverage … well, maybe not that surprised ].
"What this means is that Neanderthals are not totally extinct. In some of us,
they live on," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the
distinction, without a difference). Actually, prior to studying the
compelling subject of Biological Anthropology (Michael Park text), I
too had some misconceptions about the group known as Neandertals
(recent spelling drops the ‘h’) and actually mis-referenced same by the
stereotypical image of members of said clade even as the debate
continues as to whether they are within the species homo sapiens or a
separate species. I believe these to be distinctions without important
differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi
Klum thinks on the subject.
Neanderthals, Humans Interbred, DNA Proves
Signs of Neanderthals Mating With Humans - Neanderthals mated with

some modern humans after all and left their imprint in the human
genome. Genome hints humans, Neanderthals rolled in prehistoric
hay You're a Neanderthal: Genes say yes — a little bit (AP)
Neanderthals and people interbred, fossil analysis finds For more info
on man’s humble beginnings, see here
http://www.albertpeia.com/anthroindex1.htm
Previously I wrote:
FOUND: MISSING LINK BETWEEN APES AND MAN.... These stories, and
the many like it, are old news and I subscribe to the more studied view
that there is no “missing link” per se and in my view they are
distinctions without significant differences. I previously wrote:
To Learn More About From Whence Man Came, This Link's For You
[To the Professor at the beginning of the course]
10-5-09 Postscript: Professor *****,

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

examination of the compelling subject of Biological Anthropology
remain what I believe to be the correct scenario. Specifically, very
simply stated, for the most part, the more “enlightened” (but not by
much; by mutation, accident, luck, intervention, etc.) left the
unvarying confines of their Sub-Saharan origins, experienced diverse
new environs, challenges, etc., experienced what has been described
(by neuroscientists, psychologists, etc.) as neurogenesis in varying
degrees and forms thereby over time, which trait was selected for and
is consistent with the purported multi-regional evolutionary model
which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very
humbling and sorrowful tale of the “dawn of man”.]
[Abolish the corrupt, costly, economically wasteful lifetime

extravagantly appointed federal courts - see RICO case [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpe
naltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Don’t Tread On Me: A Refresher Course on the Constitution
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
] 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 [
naltyofperjury.pdf
]

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.
MORE CLAIMS OF RACE BIAS AT JUSTICE... Justice official quit
over the handling of a voter intimidation case against the New Black
and white victims Cases against Wall Street lag despite Holder’s vows
to target financial fraud Obama broke promises ):



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.

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.
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at
the latest.
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
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.


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…’

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
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 …’

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.

Morocco…

yofperjury.pdf





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;

(Cases against Wall Street lag despite Holder’s vows to target

‘The Obama Deception’ Censored ‘In light of this development, I provide

an archived site version which appears to be complete

Web Site Archived FLV Version of Esoteric Agenda

http://albertpeia.com/esotericagenda.flv

ofperjury.pdf
attorney.
Posted by: mnjam
-----------------------



----------------------------


u.s. government.
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!
bad idea!

alone.
Strip?

imposed on Iran.
Billo Says:
June 11th, 2010 at 6:15 am
controlling us?
Glen Reply:
June 11th, 2010 at 6:47 am
Lunacy it would be.
threats.

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.

East.
weapon

video ...



host body.


Strip



Previously I wrote:

Regards,
Al Peia


naltyofperjury.pdf
]

supplanted with alternatives as I’ve previously set forth in these
comments.



enaltyofperjury.pdf
from Wall Street

naltyofperjury.pdf
]


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

‘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)
Censorship Alert: Obama Deception Illegally Removed from You Tube
Drudgereport: IRELAND DOWNGRADED
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!

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 …’
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:

and insiders commission and sell into.’

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.
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
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.
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 [
ofperjury.pdf


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

24 multinationals move HQ to Shanghai CNTN | Vale, Walt Disney and Kraft

Foods have decided to move their regional headquarters to Shanghai.
House Democrats hit boiling point over perceived lack of White House
support House Democrats are lashing out at the White House, venting
long-suppressed anger over what they see as President Obama’s
lukewarm efforts to help them win reelection — and accusing
administration officials of undermining the party’s chances of
retaining the majority in November’s midterm elections.
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:
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
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. ):

_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?
_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well
worth the view.

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.
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:

and insiders commission and sell into.’

instead of 2010.
latest.
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. The question is, "will the 50DMA
drop below the 200DMA?" I think the answer is inevitably "yes". The thing
about the moving averages, is that you can see which points of data are
about to fall off. Meanwhile, you can make reasonable assumptions
regarding the points of data that will take their place. By doing so, you can
construct a range of probabilistic scenarios. In this case, some high
numbers are about to come out of the 50DMA, making it go lower.
Meanwhile, some low numbers are about to come out of the 200DMA,
making it go higher. Since both are VERY close to each other right now, it's
safe to assume that the 50DMA will indeed fall below the 200DMA. So,
that's probably bad news for the market...technically. Fundamentally, it
appears that Q2 turned out well for most companies. However, most of the
investing world knows this and stocks have rallied about 8% on the news.
Ever hear the saying "buy the rumor, sell the news"? Well, the rumor has
been bought and the news is just starting to flow in. This means that we
have to look at the NEXT bit of news to figure out what rumor the market
will be buying or selling. To me, it's clear that the global economic
environment will come back to the front burner as the #1 driver of stock
prices...and that's bad news for stocks. A good Q2 does not mean that the
future is bright. Rather, I believe that Q2 will represent the peak of earnings
health. Starting in Q3, good earnings will become a bit harder to come by.
Why?
1) Economic indicators are dropping fast. For all intents and purposes, the
unemployment rate has not budged. Meanwhile, store shelves are stocked
again, PCs have been upgraded, etc. In other words, the pent-up demand
that drove the current rebound has almost run its course. What little
remains no longer has the power to drive the economy as it has over the
past 18-months.
2) "Follow the money". This is one of the most powerfully simple rules on
Wall Street. When money is flowing into the economy (i.e. via lower interest
rates or stimulus $$$), it's usually good for stocks..and vice versa. At
present, interest rates can't go much lower and the numerous stimulus
programs are losing effectiveness. This means that the money is no longer
flowing in. Worse yet, the money that was spent is not generally viewed as
having been money well spent. This does not bode well for a new stimulus
package to come anytime soon. In other words, money is not flowing in
AND doesn't appear poised to flow in anytime soon. In fact, state and
municipal budgets are being cut (money flowing OUT), while they raise
local sales and income taxes (more money flowing out). if federal taxes go
up in 2011, as planned, even more money will be flowing out. If you follow
that, you should be flowing out of the stock market. In short, barring a new
stimulus package of other major money-flowing event, I believe the
economy slips back toward recession. Whether or not we double-dip, we
will almost certainty slip in that direction.
3) If you follow the money in Europe, you will run for the hills. Europe has
decided to spin 180-degrees and shift from stimulus to austerity (if you
don't know the definition, look it up -- you'll likely hear it again -- and not
just from me). Effectively the opposite of stimulus, austerity will pull money
away from the European economies...which tells us to pull money away
from stocks. Worse yet, the effect of the EU/IMF bailout is already wearing
off. Greek yields are rising again and Portuguese credit ratings have been
reduced.
4) Global bubbles are bursting. Most notably, home sales in China and
Canada are starting to fall. Remember what happened when the U.S.
housing market cracked? That's right -- that's what started this mess in the
first place.
5) Politically, this period in time has a tendency to be bad for stocks. There
is uncertainty around the mid-year elections...and the market hates
uncertainty. Historically, the political picture doesn't become clear until
October, at which point we might expect a rally. Until then, expect the
democrats to do everything they can to retain their jobs in November. That
means, "stop pissing off the public"...and the public seems pretty pissed
about how the stimulus $$$ worked out for them (or more accurately, how
it DIDN'T work out for them). Thus, the political pressure will lean against
further stimulus until after the elections.
The Bottom Line: I believe that the market will start to reflect these
concerns very soon. These are real fundamental concerns, which you can
see reflected in the technicals. As the market reaches the 50DMA and the
200DMA, it will be inclined to retreat (barring some new, hugely positive
news). Meanwhile, the 50DMA is 90%+ likely to cross below the 200DMA,
giving the market more reason to retrench. At some point, if the economy
sinks far enough and if the market drops far enough, political pressure for
more stimulus will mount. At that point, money will flow back into the
economy. But that time is not now. Now, money is flowing away like the
tide...and so should your invested capital. I'm not always right, but I do my
best, based on the information before me. Based on what I see right now,
the most logical conclusion is to expect a long, ugly summer for stocks. If I
see information that changes that view, I'll be sure to post an update to this
post. Disclosure: I have short positions against the market
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.
DRUDGEREPORT: 'White House waving white flag'...

Panic button...
WIRE: Dems show signs of battle fatigue...
Federal deficit gap tops $1 trillion through June...
Republicans propose cutting Obama budget...
'CREDIBILITY CRISIS'
If not for the likes of ie., Dell Computer, most (ie., those die hard Mac,
Iphone, Ipad, etc., aficionados among others) would say microsoft’s
already in the clouds, so to speak. Microsoft takes aim at the cloud
(Washington Post)
No help in sight for jobless (Washington Post) Well, from their perspective,
they really don’t feel your pain, and, it gives the frauds on wall street
another b*** s***, market frothing, false talking point in the form of ‘fewer
continuing claims for unemployment’. Then there’s that ‘ depression thing’.
The big crash — America plunges into Depression Alexander Cockburn

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
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 ... ‘
Academics, Politicians: Pending Global Treaty Threatens Free

Internet, Fundamental Rights Steve Watson | ACTA: Flagship of the
growing internet censorship armada. Two Stories that Should
Scare the Heck Out of You Greg Hunter | I was sitting here trying to
find a way to wrap up the week and then, like a bolt of lightning, an
idea hit me.Gold expert Jim Sinclair sent me this story: “Federal Budget
Deficit Hits $1 Trillion For 1st 9 Months Of FY’10.” The story said, “The
shortfall, reflecting $2.6 trillion in outlays for the first three quarters and $1.6
trillion in receipts, narrowed slightly compared with the same point in fiscal
2009.” So where did the “shortfall” come from? Try the more that 8
million who lost their jobs. The story went on to say, “. . . individual
income and payroll tax receipts were down 4% over the nine-month period,
suggesting that wages and salaries have not improved to the extent that
corporate profits have.” Corporate profits have “improved” because they
laid-off all those workers!! (Click here for the entire Dow Jones
Newswires story) Sinclair says, “Nothing has changed. Nothing has been
rescued. The can that is being kicked daily down the path is going to turn
around and bite the kickers. Gold is the only insurance.” When things get
bad enough, there will be more stimulus cash put into the economy
and more bank bailouts. Sinclair is like legendary football
quarterback Joe Montana–never bet against either of them.
Academics, Politicians: Pending Global Treaty Threatens Free
Internet, Fundamental Rights Over 90 academics, practitioners and
public interest organizations from six continents have collectively
warned that a secretive global treaty, currently being negotiated by
governments of the world’s largest economies would see tight
controls placed on the internet and would threaten other fundamental
rights and freedoms.
Economists, Financial Experts: U.S. Is Trapped In 1932 Size Depression

Following Nobel Laureate Paul Krugman’s declaration last week that
the U.S. is in entering a third period of great depression, more and
more economists are following suit, comparing the scale of the crisis
to that of the early 1930s.
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.
DRUDGEREPORT: PAPER: Optimism on hold; Recovery economy falters...

USA marks 3rd-largest, single-day debt increase...
Deficit hits $1 trillion in June for second year...
IMF presses US to cut debt...
NSA INTERNET GRAB; SPY AGENCY SHIFTS TO DOMESTIC
EAVESDROPPING...
CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER
CASE...
RESET: Russia slams Clinton for 'groundless' comments...
Mortgage Delinquencies Rising Again as Home Prices Stay Flat...
Roubini: Banks Too Big to Fail, Too Big to Bail Out...
COOKED APPLE: 103...
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...
US v. AZ...
The New Civil Wars Within the West Gregory R. Copley | Internecine civil
wars are underway almost everywhere within the West, and most
virulently in the United States of America. On Why America’s 234th
Birthday May Not Have Many More To Follow Zero Hedge | It is my
firm belief that we have come to the “end of the road” for the financial
system.
Iran says planes denied fuel in Germany, UK, UAE Reuters | The claim
could not be independently confirmed and was met abroad by
skepticism. [Europe really fell fast. They make Christians look like the
dumbest people in the world, along with the likes of ie., UAE if true
(and defacto bankrupt america). After all, this ‘all for israel’ mantra is
contraindicated inasmuch as the hebrews deny the very foundation of
the Christian religion and indeed were behind his crucifixion].
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 ...
Threat 'to sever ties'...
Dollar Plunges After UN Call To Ditch Greenback U.S. economy enters

“total freefall” as double-dip recession looms.
China's Stocks Fall to 15-Month Low on Economy, Profit Outlook China's

housing prices to fall, official says
Banks are Still at the Derivatives Casino (at Seeking Alpha) [video]
Washington's Bungled Bank Bailout (at TheStreet.com) ECRI Weekly
Leading Index Growth Lowest in 13 Months Be on the Right Side of
S&P Earnings Estimate Cuts
Inventory Cycle Has Run Its Course Harrison – ‘… This is the scenario I
have been predicting for months now.
• Double Dip Recession and the Obama 2011 Budget (February 2010):
The long and short is that – come Summer – the inventory cycle’s
thrust will have dissipated. And if companies are not hiring by this
time and consumer spending is not increasing more robustly, then
the state budgets, the strategic defaults and all of the rest of that
becomes a serious obstacle. In my view, more likely than not, this
will lead to another recession late in 2010 or in 2011. And nothing in
the President’s budget changes this outlook.
• The mindset will not change; a depressionary relapse may be
coming (March 2010): the inventory cycle’s impact on GDP growth
will attenuate. By the second half of 2010, inventories will not add
considerably to GDP.
• US GDP growth rate is unsustainable; recovery will fade (April 2010):
The inventory cycle is already starting to fade. That means weak 1 or
2% growth at best by Q4 2010. Unless job growth picks up
tremendously by the second half of the year, this recovery is in
trouble.
David Rosenberg says the ISM leads jobs. And, the latest jobs numbers
were weak.
I would be nonplused about the recent ISM data if it weren’t for the column
highlighted in red. Notice how the momentum for everything is slowing.
Not just the overall index, but new orders, production and employment …’
U.S. Economy “Is a Complete Disaster” Yahoo! Finance | The U.S. economy
is in shambles and Americans will continue to see high
unemployment and lower living standards in the years to come.
America is sinking under Obama’s towering debt I hope the White
House is paying attention to the latest annual Congressional Budget
Office Long-Term Budget Outlook, which offers a truly frightening
picture of the scale of America’s national debt, with huge implications
for the country’s future prosperity. 7.9 million jobs lost, many
forever CNNMoney | The recession killed off 7.9 million jobs. It’s
increasingly likely that many will never come back.
50 Random Facts That Make You Wonder What In The World Has Happened
To America The Economic Collapse | For those who still love this land
(and there are a lot of us) it is heartbreaking to watch America slowly
die. BP, Homeland Security, and Cops Work Together to Deny First
Amendment Kurt Nimmo | BP, Homeland Security, the FBI’s Joint
Terrorism Task Force, and local cops will now decide if it is
acceptable for journalists to take photographs. Will G20 Police
Succeed In Covering Up Reports of Rape and Torture? Infowars.com |
Can authorities be allowed to cover-up the Abu-Ghraib style
incarceration methods Toronto police engaged in during the G20
summit this past weekend, where women were arrested and
subsequently raped by male cops? Emergency S.O.S.: America
Falling to Foreign Bank Takeover – Fourth of July Alex Jones breaks
down the takeover by offshore banking powers– newly empowered by
Congress’ banking “reform,” expanded taxes worldwide, as well as
accelerated moves towards ending the Dollar’s reserve status,
including urging from a recent United Nations report. More than
one-quarter don’t know who US gained independence from Every
Fourth of July, Americans gather to celebrate the country’s
declaration of independence from … um, what country was that
again?
DRUDGEREPORT: TORN ON FOURTH OF JULY: OBAMA DIVIDES

NATION...
Great Republic in parlous state -- politically, economically...
YEAR 9: Petraeus in Afghanistan warns of tough mission...

'We are in this to win' … Win what? The fact of america’s defacto
bankruptcy and being there IS failure no matter what they ultimately call
this debacle ...
Illinois Stops Paying Its Bills...
Facing 'outright disaster' amid budget crisis...
Turn On, Tune In...Nah, Just Drop Out … Discouraged workers at a new
cycle high And small wonder. The median unemployment duration went to
a new all-time high (since the 1940s, anyway, when that series begins) and
shows no signs of slowing its ascent … (Chart, source Bloomberg)…
YEAR 9: Petraeus in Afghanistan warns of tough mission … What mission?
What plan?.What strategy? National bankruptcy?… Mission
accomplished! ...
NY Times’ Krugman: We Are Entering The Third Depression Recessions

are common; depressions are rare. [Correction: we’re already in a
depression].
JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS LOST...

Rate dips as 652,000 give up search...
Depressing... [That’s why they’re called depressions (just kidding … but no
laughing matter) … At this rate, with all those lost jobs and jobseekers no
longer seeking those lost jobs that aren’t there, by their calculations (9.5%
the bright spot … riiiiight!) we should be at full employment very soon …
you can’t make this stuff up … really!].
Ron Paul: 114 Flip Flop on Audit The Fed Causing Bill to Fail 229 – 198 Ron
Paul’s attempt to audit the Federal Reserve, which was previously co-
sponsored by 320 members of the House (HR 1207), failed by a vote of 229-
198. All Republicans voted in favor of the measure with 23 Democrats
crossing the aisle to vote with Republicans. 122 co-sponsors of HR 1207,
all Democrats, jumped ship and voted against the measure. The Future
of Audit the Fed Congressman Ron Paul discusses the latest in the efforts
to get a full and complete audit of the Fed as well as the future of Fed
transparency. Like Congressman Paul says, we’ve accomplished a lot of
good with our movement, and there’s many reasons to be optimistic for the
future. Ditch the Buck! Dollar demise ‘a matter of months’ A report by
the United Nations says the American dollar should be ditched as the main
global reserve currency. It said that the global financial meltdown has
exposed systematic weaknesses, one of which is the reliance on the
greenback. G-20 is Relying on China To Drive the World Economy … But
China Isn’t Looking So Hot The G-20 is apparently relying on China to
drive the world economy.
Middle class families face a triple whammy Edmund Conway | Falling

pensions, cuts and the banking crisis will impoverish many families.
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) - Republican

chairman Michael Steele drew criticism from within his own party
Friday, including calls to resign, after saying the 9-year-old
commitment of U.S. troops to Afghanistan was a mistaken ... [Steele is
quite right and wobama and war facilitators deserve criticism; not
Steele.] Pelosi: Unemployment Checks Fastest Way to Create Jobs
“It creates jobs faster than almost any other initiative you can name.”
[pelosi’s so ‘in over her head’, burnt out, borderline senile, etc.]
Seventy million expired flu vaccines about to be incinerated as waste
[government / corporate welfare / fraud] Forty million doses of H1N1
swine flu vaccine are about to go up in flames, and another 30 million
will soon meet the same fate. They’ve expired, you see, and despite
the CDC’s best efforts to push flu vaccines on the american people,
the industry still couldn’t find a way to offload seventy million doses
of a vaccine that doesn’t even work.
Israel Suspected in Bogus Claim Iran Developing Nuclear Trigger Kurt

Nimmo | The bogus claim prompted a new round of support for more
aggressive U.S. and European sanctions against Iran. Ron Paul:
Audit The Fed Bill Fails After Former Co-Sponsors Flip-Flop | Ron
Paul’s attempt to audit the Federal Reserve failed, after more than 100
former co-sponsors of the bill jumped ship and voted against the
measure. Dollar Plunges After UN Call To Ditch Greenback | U.S.
economy enters “total freefall”.
50 Random Facts That Make You Wonder What In The World Has Happened
To America - The Economic Collapse July 2, 2010 Our world is
changing at a pace that is so staggering these days that it can be
really hard to fully grasp the significance of what we are witnessing.
Hopefully the collection of random facts below will help you to
“connect the dots” just a little bit. On one level, the facts below may
not seem related. However, what they all do have in common is that
they show just how much the United States has fundamentally
changed. Do you ever just sit back and wonder what in the world has
happened to America? The truth is that the America that so many of
us once loved so much has been shattered into a thousand pieces.
The “land of the free and the home of the brave” has been
transformed into a socialized Big Brother nanny state that is oozing
with corruption and has accumulated the biggest mountain of debt in
the history of the world. The greatest economic machine that the
world has ever seen is falling apart before our very eyes, and even
when our politicians actually try to do something right (which is quite
rare) the end result is still a bunch of garbage. For those who still
love this land (and there are a lot of us) it is heartbreaking to watch
America slowly die.
The following are 50 random facts that show just how dramatically america
has changed….
#50) A new report released by the United Nations is publicly calling for the
establishment of a world currency and none of the major news
networks are even covering it.
#49) Arnold Schwarzenegger has ordered California State Controller John
Chiang to reduce state worker pay for July to the federal minimum allowed
by law — $7.25 an hour for most state workers.
#48) A police officer in Oklahoma recently tasered an 86-year-old disabled
grandma in her bed and stepped on her oxygen hose until she couldn’t
breathe because they considered her to be a “threat”.
#47) In early 2009, U.S. net national savings as a percentage of GDP went
negative for the first time since 1952, and it has continued its downward
trend since then.
#46) Corexit 9500 is so incredibly toxic that the UK’s Marine Management
Organization has completely banned it, so if there was a major oil spill in
the North Sea, BP would not be able to use it. And yet BP has dumped
over a million gallons of dispersants such as Corexit 9500 into the Gulf of
Mexico.
#45) For the first time in U.S. history, more than 40 million Americans are
on food stamps, and the U.S. Department of Agriculture projects that
number will go up to 43 million Americans in 2011.
#44) It has come out that one employee used a Federal Emergency
Management Agency credit card to buy $4,318 in “Happy Birthday” gift
cards. Two other FEMA officials charged the cost of 360 golf umbrellas
($9,000) to the taxpayers.
#43) Researchers at the State University of New York at Buffalo received
$389,000 from the U.S. government to pay 100 residents of Buffalo $45
each to record how much malt liquor they drink and how much pot they
smoke each day.
#42) The average duration of unemployment in the United States has risen
to an all-time high.
#41) The bottom 40 percent of all income earners in the United States now
collectively own less than 1 percent of the nation’s wealth.
#40) In the U.S., the average federal worker now earns about twice as much
as the average worker in the private sector.
#39) Back in 1950 each retiree’s Social Security benefit was paid for by 16
workers. Today, each retiree’s Social Security benefit is paid for by
approximately 3.3 workers. By 2025 it is projected that there will be
approximately two workers for each retiree.
#38) According to a U.S. Treasury Department report to Congress, the U.S.
national debt will top $13.6 trillion this year and climb to an estimated $19.6
trillion by 2015.
#37) The federal government actually has the gall to ask for online
donations that will supposedly go towards paying off the national debt.
#36) The Cactus Bug Project at the University Of Florida was
allocated $325,394 in economic stimulus funds to study the mating
decisions of cactus bugs.
#35) A dinner cruise company in Chicago got nearly $1 million in economic
stimulus funds to combat terrorism.
#34) It is being reported that a 6-year-old girl from Ohio is on the “no fly”
list maintained by U.S. Homeland Security.
#33) During the first quarter of 2010, the total number of loans that are at
least three months past due in the United States increased for the 16th
consecutive quarter.
#32) According to a new report, Americans spend twice as much as
residents of other developed countries on healthcare, but get lower quality
and far less efficiency.
#31) Some experts are warning that the cost of bailing out Fannie Mae and
Freddie Mac could reach as high as $1 trillion.
#30) The FDA has announced that the offspring of cloned animals could be
in our food supply right now and that there is nothing that they can do
about it.
#29) In May, sales of new homes in the United States dropped to the lowest
level ever recorded.
#28) In 1950, the ratio of the average executive’s paycheck to the average
worker’s paycheck was about 30 to 1. Since the year 2000, that ratio has
ranged between 300 to 500 to one.
#27) Federal border officials recently said that Mexican drug cartels have
not only set up shop on American soil, they are actually maintaining
lookout bases in strategic locations in the hills of southern Arizona.
#26) The U.S. government has declared some parts of Arizona off limits to
U.S. citizens because of the threat of violence from Mexican drug
smugglers.
#25) According to the credit card repayment calculator, if you owe $6000 on
a credit card with a 20 percent interest rate and only pay the minimum
payment each time, it will take you 54 years to pay off that credit card.
During those 54 years you will pay $26,168 in interest rate charges in
addition to the $6000 in principal that you are required to pay back.
#24) According to prepared testimony by Goldman Sachs Chief Operating
Officer Gary Cohn, Goldman Sachs shorted roughly $615 million of the
collateralized debt obligations and residential mortgage-backed securities
the firm underwrote since late 2006.
#23) The six biggest banks in the United States now possess assets
equivalent to 60 percent of America’s gross national product.
#22) Four of the biggest U.S. banks (Goldman Sachs, JPMorgan Chase,
Bank of America and Citigroup) had a “perfect quarter” with zero days of
trading losses during the first quarter of 2010.
#21) 1.41 million Americans filed for personal bankruptcy in 2009 – a 32
percent increase over 2008.
#20) BP has hired private security contractors to keep the American
people away from oil cleanup sites and nobody seems to care.
#19) Barack Obama is calling for a “civilian expeditionary force” to be sent
to Afghanistan and Iraq to help overburdened military troops build
infrastructure.
#18) On June 18th, two Christians decided that they would peacefully pass
out copies of the gospel of John on a public sidewalk outside a public Arab
festival in Dearborn, Michigan and within 3 minutes 8 policemen
surrounded them and placed them under arrest.
#17) It is being reported that sales of foreclosed homes in Florida made up
nearly 40 percent of all home purchases in the first part of this year.
#16) During a recent interview with Larry King, former first lady Laura Bush
revealed to the world that she is actually in favor of legalized gay marriage
and a woman’s “right” to abortion.
#15) Scientists at Columbia University are warning that the dose of
radiation from the new full body security scanners going into airports all
over the United States could be up to 20 times higher than originally
estimated.
#14) 43 percent of Americans have less than $10,000 saved for retirement.
#13) The FDIC’s deposit insurance fund now has negative 20.7 billion
dollars in it, which represents a slight improvement from the end of 2009.
#12) The judge that BP is pushing for to hear an estimated 200 lawsuits on
the Gulf of Mexico oil disaster gets tens of thousands of dollars a year in
oil royalties and is paid travel expenses to industry conferences.
#11) In recent years the U.S. government has spent $2.6 million tax dollars
to study the drinking habits of Chinese prostitutes and $400,000 tax dollars
to pay researchers to cruise six bars in Buenos Aires, Argentina to find out
why gay men engage in risky sexual behavior when drunk.
#10) U.S. officials say that more than three billion dollars in cash (much of
it aid money paid for by U.S. taxpayers) has been stolen by corrupt officials
in Afghanistan and flown out of Kabul International Airport in recent years.
#9) According to a report by the U.S. Department of Transportation’s
Bureau of Transportation Statistics, the baggage check fees collected by
U.S. airlines shot up 33% in the first quarter of 2010 to $769 million.
#8) Three California high school students are fighting for their right to
show their American patriotism - even on a Mexican holiday - after they
were forced to remove their American flag T-shirts on Cinco de Mayo.
#7) Right now, interest on the U.S. national debt and spending on
entitlement programs like Social Security and Medicare are somewhere in
the neighborhood of 10 to 15 percent of GDP. By 2080, they are projected
to eat up approximately 50 percent of GDP.
#6) The total of all government, corporate and consumer debt in the United
States is now about 360 percent of GDP.
#5) A 6-year-old girl was recently handcuffed and sent to a mental facility
after throwing temper tantrums at her elementary school.
#4) In Florida, students have been arrested by police for things as simple
as bringing a plastic butter knife to school, throwing an eraser, and
drawing a picture of a gun.
#3) School officials in one town in Massachusetts are refusing to
allow students to recite the Pledge of Allegiance.
#2) According to one new study, approximately 21 percent of children in
the United States are living below the poverty line in 2010.
#1) Since 1973, more than 50 million babies have been murdered in
abortion facilities across the United States.
Fed Made Taxpayers Unwitting Junk-Bond Buyers Bloomberg | So-called

assets included collateralized debt obligations and mortgage-backed
bonds. Dollar Plunges After UN Call To Ditch Greenback The dollar
plunged today following a United Nations report which called for the
greenback to be replaced as the global reserve currency by the
International Monetary Fund’s special drawing rights (SDRs).
National debt soars to highest level since WWII The federal debt will
represent 62% of the nation’s economy by the end of this year.
Dollar should be replaced as international standard, U.N. report says
CNN | The dollar is an unreliable international currency and should be
replaced by a more stable system, the United Nations Department of
Economic and Social Affairs said. Double Dip Picking Up: Jobless
Claims Spike To 472,000, On Expectations Of 455,000 Jobless claims
were a disaster, coming in at 472k, on expectations of 455k. Prior was
revised, surprise, surprise, higher to 459k from 457k. What is scariest
is that between extended benefits and EUC, now that Congress has
turned off the perpetual insurance spigot for the unemployed,
dropped by -158,155 and -217,513.‘Jobless Recovery’ Myth as
Banksters RAPE and ENSLAVE the Public! GET OFF YOUR KNEES!
We’re told that this will be a ‘jobless recovery’ with further job losses
expected before things get better. Well, if you believe that nonsense
I’ve got a fantastic sundrenched beach on the growing ice packs of
Antarctica to sell you. How on earth can there be anything called a
jobless recovery? The simple answer is that there can’t! Study: US
media redefined torture after US started practicing it The US news
media radically changed how it reported on the issue of
waterboarding after it emerged that US forces had used the practice,
says a new study from Harvard University. The Toronto G20 Riot
Fraud: Undercover Police engaged in Purposeful Provocation
Toronto is right now in the midst of a massive government / media
propaganda fraud. As events unfold, it is becoming increasingly clear
that the ‘Black Bloc’ are undercover police operatives engaged in
purposeful provocations to eclipse and invalidate legitimate G20
citizen protest by starting a riot. Government agents have been caught
doing this before in Canada.
Obama Calls for Pentagon “Civilian Component” [Wow! Sounds like a plan
… riiiiight!] Kurt Nimmo | Obama wants to send civilians to the
occupation zones in Iraq and Afghanistan.
Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS LOST...

New jobless claims rise [again]...

'Surprise'...
Pending home sales plunge record 30%...
Weak economic data suggest 'recovery' fizzling...

Fears mount over slowing global demand...
UN committee calls for dumping US dollar...
YEAR 9: Petraeus in Afghanistan warns of tough mission … What mission?

What plan?.What strategy? National bankruptcy?… Mission
accomplished! ...
Six Months to Go Until the Largest Tax Hikes in History...
SIX MONTHS TO GO UNTIL

THE LARGEST TAX HIKES IN HISTORY
From Ryan Ellis on Thursday, July 1, 2010 4:15 PM
Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-

a5171##ixzz0sVN5aBH3
In just six months, the largest tax hikes in the history of America will take
effect. They will hit families and small businesses in three great waves on
January 1, 2011:
First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors,
small business owners, and families. These will all expire on January 1,
2011:
Personal income tax rates will rise. The top income tax rate will rise from
35 to 39.6 percent (this is also the rate at which two-thirds of small
business profits are taxed). The lowest rate will rise from 10 to 15 percent.
All the rates in between will also rise. Itemized deductions and personal
exemptions will again phase out, which has the same mathematical effect
as higher marginal tax rates. The full list of marginal rate hikes is below:
- The 10% bracket rises to an expanded 15%

- The 25% bracket rises to 28%
- The 35% bracket rises to 39.6%
Higher taxes on marriage and family. The “marriage penalty” (narrower tax
brackets for married couples) will return from the first dollar of income.
The child tax credit will be cut in half from $1000 to $500 per child. The
standard deduction will no longer be doubled for married couples relative
to the single level. The dependent care and adoption tax credits will be cut.
The return of the Death Tax. This year, there is no death tax. For those
dying on or after January 1 2011, there is a 55 percent top death tax rate on
estates over $1 million. A person leaving behind two homes and a
retirement account could easily pass along a death tax bill to their loved
ones.
Higher tax rates on savers and investors. The capital gains tax will rise
from 15 percent this year to 20 percent in 2011. The dividends tax will rise
from 15 percent this year to 39.6 percent in 2011. These rates will rise
another 3.8 percent in 2013.
Second Wave: Obamacare
There are over twenty new or higher taxes in Obamacare. Several will first
go into effect on January 1, 2011. They include:
The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no

longer be able to use health savings account (HSA), flexible spending
account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase
non-prescription, over-the-counter medicines (except insulin).
The “Special Needs Kids Tax” This provision of Obamacare imposes a cap
on flexible spending accounts (FSAs) of $2500 (Currently, there is no
federal government limit). There is one group of FSA owners for whom this
new cap will be particularly cruel and onerous: parents of special needs
children. There are thousands of families with special needs children in
the United States, and many of them use FSAs to pay for special needs
education. Tuition rates at one leading school that teaches special needs
children in Washington, D.C. (National Child Research Center) can easily
exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay
for this type of special needs education.
The HSA Withdrawal Tax Hike. This provision of Obamacare increases the
additional tax on non-medical early withdrawals from an HSA from 10 to 20
percent, disadvantaging them relative to IRAs and other tax-advantaged
accounts, which remain at 10 percent.
Third Wave: The Alternative Minimum Tax and Employer Tax Hikes
When Americans prepare to file their tax returns in January of 2011, they’ll
be in for a nasty surprise—the AMT won’t be held harmless, and many tax
relief provisions will have expired. The major items include:
The AMT will ensnare over 28 million families, up from 4 million last year.
According to the left-leaning Tax Policy Center, Congress’ failure to index
the AMT will lead to an explosion of AMT taxpaying families—rising from 4
million last year to 28.5 million. These families will have to calculate their
tax burdens twice, and pay taxes at the higher level. The AMT was created
in 1969 to ensnare a handful of taxpayers.
Small business expensing will be slashed and 50% expensing will

disappear. Small businesses can normally expense (rather than slowly-
deduct, or “depreciate”) equipment purchases up to $250,000. This will be
cut all the way down to $25,000. Larger businesses can expense half of
their purchases of equipment. In January of 2011, all of it will have to be
“depreciated.”
Taxes will be raised on all types of businesses. There are literally scores of
tax hikes on business that will take place. The biggest is the loss of the
“research and experimentation tax credit,” but there are many, many
others. Combining high marginal tax rates with the loss of this tax relief
will cost jobs.
Tax Benefits for Education and Teaching Reduced. The deduction for
tuition and fees will not be available. Tax credits for education will be
limited. Teachers will no longer be able to deduct classroom expenses.
Coverdell Education Savings Accounts will be cut. Employer-provided
educational assistance is curtailed. The student loan interest deduction
will be disallowed for hundreds of thousands of families.
Charitable Contributions from IRAs no longer allowed. Under current law,

a retired person with an IRA can contribute up to $100,000 per year directly
to a charity from their IRA. This contribution also counts toward an annual
“required minimum distribution.” This ability will no longer be there.
Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-

a5171##ixzz0sVMwYIhK
Investors get more gloomy & bearish We just had a very difficult three
month stretch for stocks. The S&P 500 fell 12% for the quarter as did
NASDAQ. The Shanghai Composite, China’s largest stock index, fell 22.9
in its local currency, the yuan. The MSCI EAFE Index (foreign stocks) was
down 14%. Given the negative news, it is not surprising that investors are
becoming more bearish on stocks. This chart from Bespoke is based on
the weekly Investors Intelligence survey, which is getting close to levels
from a year ago. This is not close the peak we reached in early 2009, but
the mood is definitely more negative now: [chart]
Double Dip on the Way There were many events contributing to yesterday’s
sell-off, and the most likely culprits around the globe included more
protests in Greece, continued to concerns about Europe at large, and a
downward revision (due to a calculation error) of a leading economic
indicator reading in China for the month of April. But when it comes down
to it, our own economy has yet to stand on solid ground. While the
recovery has continued to be shaky at best, recent economic readings may
be pointing to a double dip recession. Yesterday’s batch of economic data
seemed to be confirming that, as it brought a very dismal reading on
consumer confidence. June’s number stood at 52.9, far below expectations
of 62.5, and pointing to the consumers’ weariness about the job market,
and economic recovery in general. To go further, the previous reading for
May was revised downward, to 62.7 from 63.3. But the drop from May to
June really sends the message home: we’re not out of the woods yet.
Earlier in the week, we saw personal savings rates rise again, even while
personal income growth was meager. Americans, despite bringing home a
little more cash, continued to save more for the expected rainy days, and
have yet to return to their spendthrift ways. After yesterday’s precipitous
selling, one would expect to see a bit of a bounce in today’s trading
session. That wasn’t the case, however, as more weak data continued to
dampen economic hopes. Today’s culprit was the ADP private sector job
report. The report stated that private payroll gains were muted in June, with
only 13,000 jobs added – far less than the 60,000 expected by economists.
While May’s reading was revised slightly upwards (to 57,000 hires from
previously reported 55,000), today’s release does not bode well for the
much anticipated report from the Bureau of Labor Statistics due out on
Friday. The non-farms payroll survey includes government workers and
has been inflated in recent months due to hiring for the 2010 Census …
[chart] …The June report, however, will reflect many of those workers
being laid off in the past month. In May, 431,000 jobs were added, but
without support from temporary government hires, economists are
predicting job losses in June. Last week, consensus estimates were for a
loss of 70,000 jobs for the month. By yesterday, those estimates were
downgraded further, to 110,000. With the help of today’s ADP report,
expectations have continued to fall: economists now expect a reading of
negative 125,000 …
Barron's: Why the Market Will Keep Sliding Perry D- Barron's has a nice
summary of what the future may hold in its "Up and Down Wall Street." It
summarizes as well as anything I've read recently where we're likely
headed. Bugging the (stock) market is the increasingly obvious disparity
between what the Street's incorrigible cheerleaders see and prophesy and
what's actually happening in the real world...The double dip in housing may
or may not be a template of what's in store for the economy as a whole. But
at the very least, it is a precursor of other serious disappointments
destined to feed the unease among the jittery populace, which most
emphatically includes investors.
It cites the predictions of SDK Captial's Dee Kessler:
--the massive fiscal and monetary stimulus so liberally applied

in 2008-2009 is starting to run out of steam, with financial
conditions tightening and leading economic indicators
pointing to a stretch of "anemic activity."
--"structural headwinds," such as public and private

deleveraging, higher taxes, greater regulation and trade
tensions.
--the well-publicized woes of the European bloc, which

accounts for 20% of the world's GDP, as further evidence that
the global economy, as he puts it, is downshifting.
--The period of easy comparisons in corporate results, he

says, is coming to a close,
--"Although the fundamentals in the U.S., Europe and Japan

are worse," Dee spots plenty of downside in emerging markets
and doesn't fancy the notion of decoupling.
--Come another financial crisis, "the only policy response left

will be to print money." Which, of course, is what the gold
bugs are counting on and why bullion has glistened so
brightly.
That about sums up the outlook. The nice insight here is that anxiety over
future economic malaise -- and the additional money printing that'll be
done to mask it -- might be a bigger factor than current inflationary
pressure behind the surge in gold prices.
In other words, for the deflation-believers: deflation today? Perhaps. But
big-time inflation tomorrow.
Disclosure: No positions
NY Times’ Krugman: We Are Entering The Third Depression Recessions

are common; depressions are rare. [Correction: we’re already in a
depression].
Stocks: Once More Up, Then the Big Down Smith -The ingredients for a
classic head and shoulders topping pattern in the stock market are all
present. That suggests one more rise and then a massive grinding move
down to 2009 lows. Officially, of course, everything's peachy with the
economy. Europe is fixed, China is booming, consumer confidence is
rising, and we are encouraged to resume our borrow and spend ways as
the economy will not "double-dip" into recession. The economy will not
slide into another recession, we are reassured constantly, even though
roughly 80% of Americans don't think we ever left the recessionary
quicksand. Please see "Two Scoop Special": Double-Dip Recession
Guaranteed (May 21, 2010) for more … Exactly what drivers are there for
future gains in corporate profits? I can't think of any, short of Martians
landing and going on a shopping spree with gold they manufacture in their
spacecraft. On the negative side, we have:
1. The rising dollar is a huge headwind to sales in the eurozone and

elsewhere.
2. The low-hanging fruit of pushing the workforce to produce more output
for the same salary/wages have all been picked.
3. The inventory build-out is done for everything but the iPhone 4 and iPad.
4. So-called "fiscal austerity" (when did living within one's means become
some sort of brutual "austerity"? Talk abour propaganda!) in the eurozone
and U.S. states will remove tens of billions of dollars from corporate sales.
5. Global overcapacity is alive and well. There is overcapacity in everything
manufactured except the iPhone 4, and that will be in glut by 2011 as well.
6. Uncle Sam is not distributing trillions of dollars quite as freely. There
seems to be some glimmer of awareness that there could be consequences
of squandering trillions of borrowed dollars on essentially worthless
projects such as occupying Iraq, inflating the housing market by
socializing the entire mortgage market, propping up Fannie Mae, Freddie
Mac and FHA, etc.
7. Housing is rolling over now that the socialized mortgage market has
been tentatively allowed to go off life-support (it is wheezing and turning
blue in the face, not signs of vibrant health).
8. There is no pricing power anywhere once stimulus-goosed demand
declines to organic demand (flat to down) …
Inflation, Deflation or Hyperinflation? (Part 2) (There are charts, but no

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

Today’s Riots There are reports this morning of violent protests/riots
in Greece, once again. Here’s how a source on the ground describes
the situation. Target Tehran? Israel, US ‘prepare to attack Iran’
Reports are circulating that the U.S is amassing a greater military
presence in the Middle East. The alleged build up is also rumoured to
involve the Israeli use of Saudi Arabian air space. It’s thought by some
to be in preparation for an attack on Iran. Kucinich: ‘We are losing
our nation to lies about the necessity of war’ In Afghanistan,
corruption is rife. It is so abundant, in fact, that a senior US lawmaker
declared on Monday that she’d be freezing $3.9 billion in Afghan aid
dollars until the situation is addressed. Turkey bans Israeli military
flight from its airspace as freeze deepens Turkey has banned an
Israeli military flight from its airspace in apparent retaliation for
Israel’s interception of the Free Gaza flotilla last month, in which nine
pro-Palestinian Turkish activists were killed.
Iran nuclear scientist Shahram Amiri 'flees US captors' BBC News - A man
who says he is an Iranian nuclear scientist claims to have escaped
after being abducted by US agents. In a video shown on Iranian state
TV, he says he has escaped in the US state of Virginia and is now on
the run. Missing Iran scientist says he escaped US agents: report
Reuters Turkey Asks Iran to Return to Table Wall Street Journal
Momentum Book Update: The Market Is a Mess and the Long Bond Is
About to Break Out … Not only do us swing traders have to fight the urge
to chase price action up, but lay off the keyboard trying to catch falling
knives in the relative strength stocks which are holding up. If you tried to
buy support in your favorite names this week, you got your hands cut up.
I’ll continue to rely on the understanding of my own emotions as they have
served me well. When we opened higher on Monday morning I knew I was
in the right place, cash, as the market was just way overbought. If you
bought most relative strength names last week, by the end of this week you
were well underwater. So where do we go from here? I’ve got no clue, the
market is a mess, the charts are a mess, and the long bond is about to
break out. If that happens all bets are off, we could see an “event”. If the
smart money is lining up at the exits and moving into bonds, there’s a good
chance they see something coming down the pipe …
SUITING UP FOR A POST-DOLLAR WORLD John Browne ‘The global

financial crisis is playing out like a slow-moving, highly predicable stage
play. In the current scene, Western governments are caught between the
demands of entitled welfare beneficiaries and the anxiety of bondholders
who fear they will be stuck with the bill. As the crisis reaches an apex,
prime ministers and presidents are forced into a Sophie's choice between
social unrest and bankruptcy. But with the "Club Med" economies set to
fall like dominoes, the US Treasury market is not yet acting the role we
would have anticipated. Our argument has always been that the US
benefits from its reserve-currency status, allowing it to accumulate
unsustainable debts for an unusually long period without the immediate
repercussions of inflation or higher borrowing costs. But this false sense
of security may be setting us up for a truly monumental crash. There is
fresh evidence that time is running out for the dollar-centric global
monetary order. In fact, central banks outside the US are already making
swift and discrete preparation for a post-dollar era.To begin, the People's
Bank of China has just this week decided to permit a wider trading range
between the yuan and the dollar. This is the first step toward ending the
infernal yuan-dollar peg. While the impetus behind this abrupt change
remains a mystery, I have a sneaking suspicion that, as my colleague
Neeraj Chaudhary explained in his commentary last week, the nationwide
labor strikes were a prime motivator. In response to the 2008 credit crunch,
the Fed printed so many dollars that the People's Bank of China was forced
to drive Chinese inflation into double digits to maintain the peg. The pain
has fallen on China's workers, who have seen their wages stagnate while
prices for everything from milk to apartments have skyrocketed. This
week's move indicates that, regardless of its own policy motives, the
Communist Party can no longer afford to keep pace with the dollar's
devaluation. The result will be a shift in wealth from America to China,
which may trigger a long-anticipated run on the dollar, while creating
investment opportunities in China. Just days before China's
announcement, Russian President Dmitry Medvedev rattled his monetary
sabre by telling the press of his intention to lead the world toward a new
monetary order based on a broad basket of currencies. Giving strength to
his claim, the Central Bank of Russia announced that it would be adding
Canadian and Australian dollars to its reserves for the first time. Analysts
suggest that the IMF may follow suit. While Russia floats in the limbo
between hopeless kleptocracy and emerging economy, it does possess
vast natural resources and a toe-hold in both Europe and Asia. In other
words, it will be a strategically important partner for China as it tries to cast
off dollar hegemony. Speaking of Europe, the major powers there are
moving toward a post-dollar world by rejecting President Obama's calls to
jump on America's debt grenade. The prescriptions coming from
Washington translate loosely to: our airship is on fire, so why don't you
light a candle under yours so that we may crash and burn together. Given
that dollar strength is largely seen as a function of euro weakness (as
Andrew Schiff discussed in our most recent newsletter, debt troubles in the
eurozone's fringe economies have created a distorted confidence in the
greenback. However, as you might imagine, Europe has higher priorities
than being America's fall guy. Led by an ever-bolder Germany, the
European states are wisely choosing not to throw themselves on our
funeral pyre, but to wisely clean house in anticipation of China's rise. In
another ominous sign for the dollar, the Financial Times reported
Wednesday that after two decades as net sellers of gold, foreign central
banks have now become net buyers. What's more, more than half of central
bank officials surveyed by UBS didn't think the dollar would be the world's
reserve in 2035. Among the predicted replacements were Asian currencies
and the euro, but - by far - the favorite was gold. This is supported by
Monday's revelation by the Saudi central bank that it had covertly doubled
its gold reserves, just about a year after China made a similar admission.
There is no reason to assume these are isolated incidents, or that the
covert trade of dollars for gold doesn't continue. To the contrary, this is
compelling evidence that foreign governments are outwardly supporting
the status quo while quietly preparing for the dollar's almost-inevitable
devaluation. What people like Paul Krugman believe to be a return to
medieval economics may, in fact, be the wave of the future. In peacetime,
hardened troops will likely tolerate a blowhard general for an extended
period; but when the artillery opens up with live ordnance, an ineffectual
leader risks rapid demotion. The newspapers are now riddled with hints
that foreign governments have lost faith in Washington and the dollar
reserve system. It seems to me only natural that after a century of war,
inflation, and socialism, the next hundred years would belong to those
people who hold the timeless values of hard money and fiscal prudence.
Unfortunately, our policymakers are not those people.’
China's Hu Jintao Says Group of 20 Must Coordinate to Consolidate

Recovery Bloomberg … How about the G195 countries in the world
collectively be considered in this task of coordination owing to the abject
failure of the so-called G20 which have in lockstep coordination
precipitated this global crisis including the war mongering, war criminal
acts of the so-called nato allies et als, particularly the u.s., and as well the
likes of war criminal nation israel which have never avoided a contra-
indicated, anti-recovery war / conflict they could contrive / rationalize. The
so-called G7, 8, 9, 20, etc., are a pathetic bunch of incompetent vegetables /
jokers / showmen / clowns.
New York Times reporter calls Zionist terrorism ‘romantic’ A little-noticed

comment in a New York Times interview with Israeli opposition leader
Tzipi Livni has critics arguing that it shows the media has a “double
standard” when it comes to terrorism.
States of Crisis for 46 Governments Facing Greek-Style Deficits

Californians don’t see much evidence that the worst economic
contraction since the Great Depression is coming to an end.
Unemployment was 12.4 percent in May, 2.7 percentage points higher
than the national rate. Evans-Pritchard Announces Fed
Contemplating $5 Trillion QE Expansion In his latest column, the Daily
Telegraph’s A. Evans-Pritchard does a good job of recapping all the
various reasons why Bernanke has now completely cornered himself,
and facing a newly collapsing economy, is left with just one recourse:
the printing of more, more, more paper. History Tells US The Euro
Will Not Survive, Greece Will Get Worse, And There Will Be A Trade
Shock With the PBoC’s currency announcement last Saturday and
the surge (!) in the value of RMB on Monday (all very kindly timed to
add zest to my meetings this week in Boston, New York, and
Washington), you would assume that today’s entry would be all about
the RMB and the effect of the PBoC announcement.
The following is really the quintessential question and issue, particularly in

light of america’s defacto bankruptcy and international law; but paramount
humanitarian concerns alone would militate against america’s current
misguided course. Is Petraeus McChrystal’s Replacement or Obama’s?
Paul Craig Roberts | All of this drama is playing out despite the continuing
lack of any valid reason for the american invasions of Iraq and Afghanistan.
Obama Can Shut Down Internet For 4 Months Under New Emergency
Powers President Obama will be handed the power to shut down the
Internet for at least four months without Congressional oversight if
the Senate votes for the infamous Internet ‘kill switch’ bill, which was
approved by a key Senate committee yesterday Congressman
Rohrabacher: Almost All House Republicans Think Iraq War Illegal,
Immoral Andrew Napolitano’s new Saturday show on the Fox
Business Network is set to send shock waves through the political
establishment this weekend when his guest – Republican
Congressman Dana Rohrabacher – reveals that almost all House
Republicans now believe that the invasion of Iraq was not only a
mistake, but also illegal and immoral. New Financial Overhaul
Gives Government Broad New Powers To Seize Financial Firms The
government would have broad new powers to seize and wind down
large, failing financial firms and to oversee the $600 trillion derivatives
market. Israeli Leaders Sued in Belgium for War Crimes
U.N. confirms rise in violence in Afghanistan Obama Can Shut Down

Internet For 4 Months Under New Emergency Powers Food &
Depopulation: Scams and Solutions Cassandra Anderson | Beware of
all NGOs and so-called “non-profit” organizations. Congress Votes
to Impose Embargo On Iran Infowars.com | Congress believes more
punitive measures are required in order to punish the Islamic
state. G20: Activists Arrested, Denied Entry into Canada Kurt
Nimmo | Charlie Veitch of The Love Police arrested, Luke Rudkowski
and fellow activists denied entry in New York.
Israeli Leaders Sued in Belgium for War Crimes Former Prime Minister
Ehud Olmert, Israeli opposition leader Tzipi Livni and Defense Minister
Ehud Barak were among those charged with war crimes committed
during the Gaza war in the winter of 2008-09, the French daily Le
Monde reported. Congress OKs sanctions on Iran’s energy, banks
Congress on Thursday approved tough new unilateral sanctions
aimed at squeezing Iran’s energy and banking sectors, which could
also hurt companies from other countries doing business with
Tehran.
Cybersecurity Measures Will Mandate Government “ID Tokens” To Use The

Internet The move to shut down and regulate the Internet, the only
source of uncensored news and truth, under a new government-
controlled system has accelerated into high gear with the
announcement that the government’s cybersecurity strategy revolves
around issuing Internet users with ID “tokens” without which they will
not be able to visit websites, the latest salvo against web freedom
which, in combination with Senator Joe Lieberman’s ‘kill switch’ bill,
will serve to eviscerate the free Internet as we know it.
Turkey, the World Leader of Nations, bans israeli military flight from its
airspace as freeze deepens The Guardian -Turkey has banned an
israeli military flight from its airspace in apparent retaliation for
Israel's interception of the Free Gaza flotilla last month, in which nine
pro-Palestinian Turkish activists were killed. Turkey restricts israeli
use of airspace CNN International Turkey bars israeli planes ABC
Online netanayahu rules out apology to Turkey over deadly raid
(AFP)
G-8 ‘fully believes’ Israel will attack Iran, says Italy PM Haaretz | World
leaders “believe absolutely” that Israel may decide to take military action
against Iran. Britain will not defeat Taliban and should open talks,
says head of Army London Telegraph | Britain and its allies will not defeat
the Taliban with military force and should soon open peace talks with
insurgents in Afghanistan, the head of the Army said yesterday.
3 SIGNS OF A SUCKER RALLY Simon Maierhofer ‘ … AFTER EXAMINING

TECHNICAL EVIDENCE, SENTIMENT INDICATORS AND VARIOUS
VALUATION METRICS, IT BECOMES OBVIOUS THAT THE RECENT
BOUNCE PROVIDES A SELLING, NOT BUYING OPPORTUNITY ...’
Russell: This Is One Of The Largest Tops In Stock Market History Richard
Russell has grown very vocally bearish in recent months. Earlier this
year, Russell warned that the stock market was once again becoming
grossly overvalued despite its relentless new highs. Pragmatic
Capitalism June 24, 2010 Richard Russell has grown very vocally
bearish in recent months. Earlier this year, Russell warned that the
stock market was once again becoming grossly overvalued despite its
relentless new highs. He has maintained that the bear market never
ended and that the world is far too indebted to exit the bear market.
He also believes the bear will not end until all fiat currencies have
failed. Although I disagree with him on many aspects of the micro I
agree with his larger macro outlook. This bear market is not over.
The secular bear market lives on. Mr. Russell thinks we might be on
the verge of a terrible collapse:
“We’re now in the process of building one of the largest tops in
stock market history. The result, I think, will be the most disastrous
bear market since the ‘30s, and maybe worse.
Question: “What could possibly be behind such a bear market?” you
ask. “The stock market is stirring up optimism on a weekly, if not daily
basis, by not falling apart.”
Answer: This is the “rest” or “dead zone” I was talking about. Bear
markets don’t conclude in a day, a week or a month. Months will go
by, often adding to the bulls’ optimism.I think the key element behind
this great bear market will be the complete destruction of all fiat
currencies. This has been a long time coming. Fiat currencies are
“wealth” created by man. They are created without sacrifice, without
labor, without risk, and without sweat. Basically they are an immoral
device, created by secretive bankers. If you watch the figures
carefully, you’ll note the subtle deterioration. For instance, the
advance-decline ratio, although up slightly for the week, had a
relatively weak performance with the Dow up several hundred points
over the course of the week. And we broke the trendline in May (see
the chart below showing the cumulative advance-decline line for
NYSE Common Stock only, which is what we publish in our figures
(courtesy of DecisionPoint — www.decisionpoint.com). The vertical
lines are Jan 2008, Jan 2009 and Jan 2010 as you move to the right on
the chart. [CHART] My old friend, Bob Prechter, is talking about Dow
400. I used to think this was an absurd joke. I no longer think it’s a
joke. The ultimate result will be a primary bear market shocking in
duration and extent. …’
Reports: IAF Landed at Saudi Base, US Troops near Iran Border Arutz
Sheva | The Israeli Air Force recently unloaded military equipment at a
Saudi Arabia base, a semi-official Iranian news agency claimed
Wednesday. It’s time for the world to take a close look at the despotic,
totalitarian regime that presently exists for the grandeur and wealth of a
few while hiding behind Islam as they betray same and Muslims
everywhere. The time has come for regime change in Saudi Arabia to yield
a nation of and for the people of Saudi Arabia and the glory of Islam.
[It should be noted, and there have been a multitude of other instances,
that I’m getting substantial ‘attacks’ vis-à-vis my internet connection
which has slowed dramatically these posts. I don’t think the
interference is either accidental or just coincidental but consistent
with that similarly experienced by critics of corrupt defacto bankrupt
america of which I am one and not alone in that regard – slowing,
militating against the devastating truth about america. It should be
noted that yet another attempt by the criminal american government
and related partners in crime to silence an unwavering critic (to really
understand america is to not be able to stand pervasively corrupt and
defacto bankrupt america and her failed criminal cohort nations /
lapdogs, ie., uk, eu, israel, etc.), in contravention of first amendment
rights / protections, and as in the RICO case [
naltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] to
cover up substantial crimes in which the government was / is also
involved. Some delays but a work-around is in progress. I won’t forget
this and a price will be paid, as continues to be true. (6-22-10)THE
WORK-AROUND-IN-PROGRESS I ALLUDED TO IS NOW FOR THE
MOST PART SUCCESSFULLY COMPLETED BY WAY OF A DSL
CONNECTION AND A DELL COMPUTER.]
Cases against Wall Street lag despite Holder’s vows to target financial
fraud Washington Post | Obama has promised to hold Wall Street
accountable for the meltdown. Drudgereport: States Take Aim at
Pension Costs... ...Bank failure pace more than double last year
REPORT: Madoff tells cellmates of $9 billion stash... they all have
them … Cases against Wall Street lag despite Holder’s vows to target
financial fraud THOMAS SOWELL: Is USA Now On Slippery Slope
To Tyranny?
China To Overtake USA In Manufacturing FT | The US remained the world’s

biggest manufacturing nation by output last year, but is poised to
relinquish this slot in 2011 to China – thus ending a 110-year run as
the number one country in factory production.
Housing Double Dip Accelerates As Existing Home Sales Plunge -2.2% In

May Versus 6.0% Consensus, Down From 8% In April
When will the SEC prosecute for market rigging? Michael Schmidt | Are the
large gold bullion banks working in collusion with the US Federal
Reserve to artificially torpedo the key rival to US dollar hegemony?
China To Overtake USA In Manufacturing FT | The US remained the
world’s biggest manufacturing nation by output last year, but is
poised to relinquish this slot in 2011 to China – thus ending a 110-year
run as the number one country in factory production.
Connecticut vegetable lieberman: China Can Shut Down The Internet, Why
Can’t We … (great logic from a totalitarian zionist)? Senator joe Zelig the
zionist israeli lieberman, co-author of a bill that would give President
Obama a ‘kill switch’ to shut down parts of the Internet, attempted to
reassure CNN viewers yesterday that concerns about the government
regulating free speech on the web were overblown, but he only stoked
more alarm by citing China, a country that censors all online dissent
against the state, as the model to which American should compare itself.
Mexican drug cartel threatens to harm U.S. police officers who bust drug
shipments while off-duty New York Daily News | Mexican cartels added
a new twist to the drug war this week by threatening to kill U.S. cops
who seize their goods. Former Israeli top spy calls for strike on Iran
Israel should launch a pre-emptive strike to prevent arch-foe Iran
from going nuclear, a former head of Israel’s Mossad intelligence
agency said on Monday. Israel’s Planned Attack on Iran from
Caucasus Base A week ago, Israel leaked to the press that they had
permission from Saudi Arabia to use their air space to attack Iran. The
Saudi’s quickly denied this.
$34 Billion Asset Manager Says Market Prices Are Manipulated, Accuses
NYSE Of Intellectual Property Theft, Debunks HFT “Liquidity Provider”
Lies
Soros Says ‘We Have Just Entered Act II’ of Crisis Bloomberg | Soros said
the current situation in the world economy is “eerily” reminiscent of the
1930s. Gerald Celente: U.S. Financial Markets to Collapse by End of 2010
Infowars.com | Gerald Celente is a renowned trend forecaster, publisher of
the Trends Journal, business consultant and author who makes
predictions about the global financial markets and other events of
historical importance. Jobless Claims in U.S. Decreased Last Week to
456,000 Bloomberg | More Americans than anticipated filed applications for
unemployment benefits last week.
Market Outlook: Bearish Background to Bullish Storyline Sean Hannon:

‘The last two weekly market commentaries have discussed how the
underlying trend of the market is now bearish and all rallies should be used
to sell stocks and reduce risks. With nearly every news outlet spouting the
bullish storyline, these articles served as an outline of a disciplined
investment strategy. Those who followed the outline have done well as the
Dow Jones Industrial Average (Dow), S&P 500, and NASDAQ each declined
over 5% since my initial warning. With the Dow still stuck below the
psychologically important 10,000 level and all three major U.S. markets
trading beneath their 200-day moving averages (MA), the bearish backdrop
is clear. Even if many are still looking for a rally, we should understand that
the primary trend is lower. Instead of focusing on how high prices will rally,
we should instead consider how much further prices can fall …’
Greek Default Seen by Almost 75% in Poll Doubtful About Trichet Global
investors have little confidence in Europe’s efforts to contain its debt crisis
or in European Central Bank President Jean-Claude Trichet, with 73
percent calling a default by Greece likely. 12 Reasons Why The U.S.
Housing Crash Is Far From Over Over the past several months, many in
the mainstream media have hailed the slight improvement in the U.S. real
estate market as a “housing recovery”. US Needs Austerity Too: Hedge
Fund Strategist The United States will have to adopt austerity measures
similar to the ones taken in Europe, because the problems faced are largely
the same, Timothy Scala, macro-strategist at Sophis Investments, told
CNBC.com. Market Analyst: ‘BP’s Not Going to Last as a Company
More Than a Matter of Months’ We’ve heard politicians, even conservative
Republicans, suggest BP would be held completely responsible for the
devastation caused by the oil spill plaguing the Gulf of Mexico, even if it
means its very existence.
Israeli Official Threatens to Kill Turkish PM Kurt Nimmo | It is
unprecedented for a top level state official to threaten a head of
another state with murder.
US Media Terrified Of Mentioning USS Liberty Do you know that an

american naval vessel was attacked by israel in international waters, 43
years ago today, resulting in the deaths of dozens of american sailors
Arab lawmaker on flotilla sparks outrage in israel (AP) - An Israeli-Arab
lawmaker's decision to join hundreds of activists on a pro-Palestinian
flotilla has elevated her from relative political obscurity, transforming her
into the poster child for the ...
Why To Question the 2010 Stock Market Rally [Why To Question the 2010
Stock Market Rally – Web Site Archived with Charts Click Here - In the
past year, we've written a lot about the similarity between the rally of
early 1930 and the one we had through April of this year. The early
1930 rally came after the market had fallen nearly 50% in the fall of
1929. The spring 1930 rally took the market up nearly 50% again, to a
level that was only about 20% below the previous peak. That rally, of
course, was also the biggest sucker's rally in history. After the market
peaked in April 1930, it crashed again, eventually ending up down 89%
from the 1929 high and more than 80% from the 1930 high. The market
did not reach the 1930 high again for another quarter of a century. The rally
that recently ended in April 2010 came after a crash that was actually
slightly more severe than the 1929 crash (53% versus 48%). It took the
market up nearly 80% from the low! The recent rally also lasted longer
than the 1930 rally did--a year, as opposed to 6 months … ]
REMEMBER: In 1930, They Didn’t Know It Was “The Great Depression” Yet
In the past year, we’ve written a lot about the similarity between the
rally of early 1930 and the one we had through April of this year.
Investment Banker: It’s Going To Get Nasty – Buy Land, Barbed Wire
And Guns A top investment banker has warned that the economic
fallout of the sovereign debt crisis could get so nasty over the next
five years that people would be wise to abandon the markets and
instead buy land, barbed wire and guns.
DEBT POISED TO OVERTAKE GDP Key Indicators of a New Depression

Neeraj Chaudhary | Great Depression II developing into something far
more devastating than its predecessor You’re Being Decieved
Infowars.com | We’re heading over an economic cliff and there’s nothing
the government can or will do about it except lie. The Folly of Blindly
Trusting the Government
‘What Does China Want?’ They want to speak to Rosanne Rosanna Danna,
of course! ‘Asian markets tumble on fears over Hungary’ …Riiiiight!
Hungary’s the thing! … Rosanne Rosanna Danna, formerly of SNL fame
wanted in Asia to chime in with what her mama always used to say, ‘ It’s
always something ‘ . Of course, it matters little to the frauds on wall street
what the something is said to be since the reality is … ‘This is a global
depression. This is a secular bear market in a global depression. This was
a manipulated bull (s***) cycle in a secular bear market. This has been a
typically manipulated bubble as has preceded the prior crashes with great
regularity that the wall street frauds and insiders commission and sell into.
This is a typical wall street churn and earn pass the hot potato scam / fraud
as in prior crashes.’ ( It should be noted, and there have been a multitude
of other instances, that I’m getting substantial ‘attacks’ vis-à-vis my
internet connection which has slowed dramatically these posts. I don’t
think the interference is either accidental nor just coincidental but
consistent with corrupt defacto bankrupt america’s critics of which I am
one and not alone in that regard – slowing, militating against the
devastating truth about america.) Europe is Heading for a Depression
Despite a nearly-$1 trillion rescue operation, financial conditions in the
eurozone continue to deteriorate. All the gauges of market stress are
edging upwards and credit default swaps (CDS) spreads have widened to
levels not seen since the weekend of the emergency euro-summit. Key
Indicators of a New Depression With the mainstream media focusing on the
country’s leveling unemployment rate, improving retail sales, and nascent
housing recovery, one might think that the US government has
successfully navigated the economy through recession and growth has
returned. Get Ready for a Double Dip … but many warning flags point
towards significant deterioration in the U.S. and global economy going
forward and so I think that by the end of the year or early 2011, we could
very well be facing a new leg down in the world’s economic situation … [I’d
say too optimistic since, to reiterate: This is a global depression. This is a
secular bear market in a global depression. This was a manipulated bull
(s***) cycle in a secular bear market. This has been a typically manipulated
bubble as has preceded the prior crashes with great regularity that the wall
street frauds and insiders commission and sell into. This is a typical wall
street churn and earn pass the hot potato scam / fraud as in prior crashes.]
european central banks intervened to shore up the ever more worthless

euro, buying into that fraudulent wall street b*** s*** story that that ‘s a
good thing, rallying stocks off their lows. It is amazing how dumb europe
has become so quickly. An exception is what I believe was Germany’s
steps against derivatives, which market according to a derivatives trader
on the radio this day is a $40 trillion market (missed his name). To reiterate
as applicable to yet another fraudulent scheme previously stated, said
market is paper on paper moving around and generating commissions at
lightning computerized speed but adding no real value in real economic
terms; again, the analogy of termites eating away at the (nation’s)
foundation is apposite. As such, that money has to come from some real
place and hence, the ever more frequent and larger crashes we are seeing.
schemes now marked to anything is still out there in a magnitude some
have placed in the hundreds of trillions.
The Worst Money Supply Plunge Since The Depression Means A Double
Dip Is Now A ‘Virtual Certainty’ The stock of U.S. money as measured by
‘M3′ money supply fell to $13.9 trillion from $14.2 trillion during the three
months ending in April. [ This is still an extraordinarily high level but … I
don’t buy it. I believe the printing presses have been working overtime to
pump out ever more worthless fiat currency and with the many trillions of
worthless fraudulent paper still out there and marked to anything. I further
believe the same is being surreptitiously used to supplant the fraudulent
paper, the consequences of which will be devastating, of course, as is
invariably so in depressions in any event. This scenario would also mean
huge fraud accomplis. ] Fiat Money Supply Contracting at Great
Depression Level The bankster operative who helped destroy Glass-
Steagall is back. Larry Summers, Obama’s top economic adviser, has told
Congress to “grit its teeth” and approve a fresh fiscal boost of $200 billion
to keep growth on track, reports the Daily Telegraph. Fiat Money Supply
Contracting at Great Depression Level Kurt Nimmo | The Federal Reserve
stopped publishing M3 figures back in 2006.
Sell in May and Go Away, Indeed [ I wasn’t kidding; and, I’m still not
kidding when I say: This is a great opportunity to sell / take profits
because there’s much worse to come! ]
Forecasts from Dent, Napier, and then Prechter: Depression is Imminent

The Dow Jones Industrial Average will go down to at least 1000, most
likely to below 777 which was the starting point of its mania back in
August 1982, and quite likely drop below 400 at one or more times
during the bear market.
10 Reasons to Worry About Margin Growth … a good portion of these

factors will likely impact margins by the end of the year. I don’t believe
this is adequately factored into earnings estimates across the board.
Given this, I believe we have seen the highs for the year and next few
quarters will be extremely volatile ...
Dow Theorist Richard Russell: Sell Everything, You Won’t Recognize

America By The End Of The Year Business Insider | “Pul – leeze, get out
of stocks now, and I don’t give a damn whether you have paper losses
or paper profits!”
The frauds on wall street et als should be criminally prosecuted, jailed,
fined and disgorgement imposed. If that were so, they wouldn’t be worrying
about who wins / loses since those who fraudulently play, invariably would
(and should) pay. If they’re not prosecuted, everyone loses.
POST MORTEM AND REVIEW Ricky:

A post mortem is in order. The elements of this worldwide con game are
remarkably simple, not complex at all. Apparently you only need a few
things to make a mockery of the entire global economic system, and big
banks garnered these few important things through “regulatory capture”:
1) Unregulated, unenforced rules (particularly for derivatives)
2) license to “mark to model” (assign your own values to your assets)
3) ability to peg present value to irrational expected future returns (based
on unlimited, exponential growth)
4) infinite leverage (no effective requirements for reserve capital in
unregulated “shadow” markets)
5) massive size, so that the bank is "too big to fail"
6) non-transparency and non-accountability.
SELL IN MAY AND GO AWAY!
THE FORECASTS:
instead of 2010.
latest.
2010 and 2012
Russell Napier is the author of the book “Anatomy of the Bear”, a professor
at the Edinburgh Business School and a consultant to CLSA Ltd. which is
one of the top research houses in Asia. Napier’s research indicates (and I
paraphrase) that: The S&P 500 will Decline to 400 by 2014 (the Dow 30 to
3800)
The S&P 500 will then undergo a major crash that will see U.S. equity
prices bottom at almost 50% below current levels (i.e. to 400 or less; the
Dow 30 to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3
signaling the end of the bear market, as it has done at the end of the four
largest U.S. market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Collapse Leading to End of U.S. Dollar as Reserve
Currency
Robert R. Prechter Jr. is author of a number of newsletters and books
including “Elliott Wave Principle” (1978) in which he predicted the super
bull market of the 1980s; “At the Crest of the Tidal Wave – A Forecast of the
Great Bear Market” (1995) in which he predicted a slow motion economic
earthquake, brought about by a great asset mania, that would register 11
on the financial Richter scale causing a collapse of historic proportions;
and “Conquer the Crash: You can Survive and Prosper in a Deflationary
Depression” (2002) in which he described the economic cataclysm that we
are just beginning to experience and advised how to position one’s self
financially during that period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely
to below 777 which was the starting point of its mania back in August 1982,
and quite likely drop below 400 at one or more times during the bear
market.
According to the Debt Clock:
• Total national debt: $13 trillion

• Debt per citizen: $42,026
• Debt per taxpayer: $117,982
• Total interest due: $1.9 trillion
• Interest per citizen: $2,211
Click here to see the Debt Clock, which is updated every second.
• Total personal debt: $16.5 trillion

• Total mortgage debt: $14.1 trillion
• Total consumer debt: $2.45 trillion
• Personal debt per citizen: $53,483
• Debt held by foreign countries: $4.07 trillion
http://www.usdebtclock.org Get Real Time U.S. Debt Data

TED OLSON SEEKING TO OVERTURN CALIFORNIA'S PROPOSITION 8,

WHICH LIMITS MARRIAGE TO A MAN AND A WOMAN. After shilling
for the corrupt u.s. government as solicitor general, maybe he just
wanted to go straight [Just Kidding!]. There is no immunity, judicial or
otherwise for criminal acts. Moreover, there is no sovereign immunity
for non-governmental acts as would include involvement in the
illegal drug and related crimes, ie., bribery, etc., and the supreme
court has so held against foreign nations in the context of the RICO
statute but in my RICO case olson the liar would shill otherwise, not
that he really had to worry in light of the pervasively corrupt and
wastefully costly federal courts which should be abolished.
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!
Hopes … ah, yes, hopes … as in heroin high hopes, or high apple pie in the
sky hopes, or the u.s. ram that kept buttin’ that dam high hopes?
Sounds like a plan! Riiiiight! U.S. hopes Afghanistan-Pakistan trade
deal boosts cooperation in war effort: U.S. … hopes more
cooperation will aid war effort (Washington Post, July 19, 2010)
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.
The Obama Deception Number 1 on U.S. Google Trends

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)
Censorship Alert: Obama Deception Illegally Removed from You Tube

Made to look like a hack, Thought Police Block Mega-Viral Anti-
Establishment Documentary After More than a Year of Dominating
Viewcounts, Ranking #1 in Search Engines and Waking Up Millions to
the False Left-Right Paradigm Perpetuated by Obama.
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:
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
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. ):

_from=PL&index=0&playnext=1 – well worth a look. [ The Obama
Deception Number 1 on U.S. Google Trends ]
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?
_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well
worth the view. [ The Obama Deception Number 1 on U.S. Google
Trends ]
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
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.
Iran connects U.S./israel to deadly blasts I believe Iran!

move towards

GOP chairman: Afghan 'war of Obama's choosing' (AP) - Republican

chairman Michael Steele drew criticism from within his own party
Friday, including calls to resign, after saying the 9-year-old
commitment of U.S. troops to Afghanistan was a mistaken ... [Steele is
quite right and wobama and war facilitators deserve criticism; not
Steele.]
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 [
naltyofperjury.pdf

ofperjury.pdf
attorney.
Posted by: mnjam
-----------------------



----------------------------

u.s. government.
government, and the intelligence agency needs to be “taken out.” I
also personally believe there has been a defacto coup d’etat which
has manifested in various substantial, blatant, brazened frauds, ie.,
wall street, missing 360 tons of $100 bills in Iraq, war profiteering, etc.,
without any fear of prosecution, and of course concomitant decline for
u.s. as the treasury is looted. But I also believe its scope is beyond
just the CIA with many complicit within the corrupted 3 branches of
u.s. government (fed judges, us attorneys, illegal system, etc.) plus
the military and private big money, ie., Goldman Sachs / wall street
men, etc., among other organized crime. america is defacto bankrupt
in every way!
Rendition: Where the War on Terror Meets the War on Drugs Patrick
Henningsen | It’s time to ditch the policies we have come to tolerate for
decades before they consume what is left of our moral core. I’ve
experienced the corrupt inter-relationship of the government (all 3
corrupt branches) and the illegal drug trade / obstruction of justice /
bribery first hand, particularly the courts / u.s. attorneys offices (ie.,
alito – now u.s. supreme court justice – quid pro quo for his
complicity / cover-up), feds; see immediately after article excerpt for
links / summary.

Morocco…

yofperjury.pdf
america’s just a fraudulent and failed defacto bankrupt nation.


bad idea!

alone.
Strip?

imposed on Iran.
Billo Says:
June 11th, 2010 at 6:15 am

controlling us?
Glen Reply:
June 11th, 2010 at 6:47 am
Lunacy it would be.
threats.


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;
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.

East.
weapon

video ...


host body.



Strip



Previously I wrote:

Regards,
Al Peia


naltyofperjury.pdf
]

supplanted with alternatives as I’ve previously set forth in prior
comments.


enaltyofperjury.pdf
from Wall Street

naltyofperjury.pdf
]


Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS LOST...

New jobless claims rise [again]...
'Surprise'...
Pending home sales plunge record 30%...
Weak economic data suggest 'recovery' fizzling...
Fears mount over slowing global demand...
UN committee calls for dumping US dollar...
Six Months to Go Until the Largest Tax Hikes in History...
KRUGMAN: 'We are now, I fear, in the early stages of a third depression'...
STOCKS HIT LOWEST OF YEAR...
DEBT SOARS TO HIGHEST LEVEL SINCE WWII...
PRIVATE SECTOR SEES WEAKER JUNE JOBS...
Sputtering...
Dow Loses 10% in Q2...
Fed Officials Express Caution on Outlook, Avoid Talk of Further Stimulus...
NEW CLASHES IN ATHENS...
Greeks Walk Off Job...
NEARLY 2,000 PAGES: The legislation would redraw how money flows
through economy...
Bank stocks soar … see new old opportunities for new old frauds ...
Dipalma to see if he already has the footage in the can since you won’t be
able to use the moon footage for the new boondoggle video ...
WSJNBCNEWS: Confidence Waning in Obama, U.S. Outlook...
SCARY OBAMA: 'VERY DIFFICULT CHOICES AHEAD' ON DEFICITS
CHICAGOLAND BOMBSHELL: Obama knew plot to trade Cabinet post for
appointing Jarrett to Senate -- Testimony...
RAHM DELIVERED THE LIST...
BLAGO TAPE: Get Obama to fundraise from Buffett, Gates...
Greece puts its islands up for sale in futile attempt to save economy...
DEUTSCHE BANK says US financial conditions are worse...
New home sales plunge 33%...
Record low...
CIA: AFGHAN PROGRESS 'SLOWER' THAN ANTICIPATED… Daaaaah! ...
GEN. PRAYFORUS
JUNE: DEADLIEST MONTH...
Obama's choice suggests longer troop presence...
Obama doubles down on war...
New General, Old Strategy...
President's real problem: War plan in trouble...
WIRES: Gen.'s remarks echo troubled strategy...
'Doubt among soldiers that counterinsurgency will work'...
REPORT: Traded Favors with Blago...
Sticker Shock Among Dems Jeopardizing Obama's Agenda...
CHINA TO OVERTAKE USA IN MANUFACTURING...
Canada's economy suddenly the envy of world...
Germany Rejects Obama's Call on Growth, Stoking G-20 Conflict...
States Take Aim at Pension Costs...
...Bank failure pace more than double last year
REPORT: Madoff tells cellmates of $9 billion stash... they all have them …
Cases against Wall Street lag despite Holder’s vows to target financial
fraud
FANNIE AND FREDDIE tab 146B and rising; Foreclosed on home every 90
seconds...
THOMAS SOWELL: Is USA Now On Slippery Slope To Tyranny?
DEBT RISE TO $19,600,000,000,000.00 BY 2015
GALLUP: NEW LOW FOR O, SLIPS TO 44%...
POLL: Voter support for Congress at all-time low...
GALLUP: Obama's Weekly Job Approval Rating Skid...
RASMUSSEN POLL...
Obama Approval Falls to New Low: 42%
Obama Approval Index: -20
Strongly Approve 24%
Strongly Disapprove 44%
Total Approval 42%
UN rebukes of Israel permitted in US policy shift...
DEBT POISED TO OVERTAKE GDP
WH PRESS QUEEN: JEWS GET OUT OF ISRAEL, GO BACK TO POLAND …
UPON REFLECTION, A GOOD IDEA … AFTER ALL, THE ENGLISH
BALFOUR DECLARATION WAS A PRO-COMMUNIST CONCESSION, A BAD
IDEA, AND THE CREATION OF ISRAEL U.S. DOD CHIEF JAMES
FORRESTAL OPPOSED IN 1948 AS AN AMERICA KILLER!
'Three Cheers for Helen Thomas'...
Census Worker Claims Job Numbers Being Inflated...
Bilderberg 2010: Between the sword and the wall...
Protesters 'being detained, searched, questioned'...
Final List of Participants...
Stephen Hawking: Aliens exist but don't talk to them -- it's too dangerous
… might not like us… Oh pshaw! … Human nature, man’s inhumanity to
man? … Such humble beginnings and evolutionary history … What’s not
to like? … Besides, not to worry. With their advanced technologies that
defy human understanding, the aliens already know you’re here … to stay.
So, not to worry. After all, as we know from that documentary of that same
name, ‘Earth Girls Are Easy’ … and then there’s photosynthesis on earth in
a very big way also going for it! ...
Seeing Aliens Will Likely Take Centuries. Centuries? Not goin’ to happen;
at best, decades.

August 042010 Posts

Diunggah oleh

Informasi Dokumen

Hak Cipta

Format Tersedia

Bagikan dokumen Ini

Bagikan atau Tanam Dokumen

Opsi Berbagi

Apakah menurut Anda dokumen ini bermanfaat?

Apakah konten ini tidak pantas?

Hak Cipta:

Format Tersedia

August 042010 Posts

Diunggah oleh

Hak Cipta:

Format Tersedia

Business / Economic / Financial

YAHOO [BRIEFING.COM]: .A better-than-expected ADP Employment

Japan, the U.S., Bubbles and Deflation

Midnight Trader ‘4:22 PM, Aug 4, 2010 --

• NYSE up 35 (+0.4%) to 7,182.14

• Hang Seng up 0.43%

Interest rates will go up quicker than anyone expects, ex-Bank of England

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

WE’RE UNDERESTIMATING THE BEARISH POTENTIAL Simon Maierhofer,

Treasury Secretary Timothy Geithner: Unemployment Could Go Up Before

Americans who swap passports London Telegraph | At the US Embassy in

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

They’re losing their minds in china:

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

2. BULLISH FLAG ON THE VIX?

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

4. THE VOLUMELESS RALLY & MUTUAL FUND OUTFLOWS

This lack of conviction in the equity markets is further evidenced by the

5. 1,000 POINT FLASH CRASHES

6. BOND MARKET DISTRUSTFUL OF THE RALLY

INSIDER TRANSACTIONS (Washington Post) This is a global depression.

Harry Dent, Jr. Economy will be in a Depression by 2011

Key Components Of America’s Military Are Now Dominated By A Chinese

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

Foreclosures Continue To Dramatically Increase In 2010 Economic Collapse

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

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

China Becomes Second Biggest World Economy China has overtaken

US Treasury is running on fumes The White House is screaming like a

Cash-starved California orders unpaid leave for workers California

The Obama Administration Tries To Propagandize Its Way To An Economic

Fed says some districts report slowing economy (Reuters)

Regulatory Magic President Obama has signed the financial industry

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

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

Banking Disaster Largely Ignored By Mainstream Media Greg Hunter | It is

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

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

Global steelmakers paint gloomy picture (Reuters)

State budget gaps total $84 billion: study

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

US bank failures in 2010 surpass 100 WASHINGTON (AP) -- U.S. bank

• The index of leading economic indicators fell 0.2% in June, the

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

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

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

• Home sales fell 5.1% in June…’

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

"Most [FOMC] participants viewed uncertainty

"Financial conditions--though much improved

"Many banks continue to have a large volume of

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

Drudgereport: WASHPOST TAKES ON THE SPOOKS: Hidden world,

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

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

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

New IMF Strategy Document Charts Launch Of “Bancor” Global Currency

Feds admit storing checkpoint body scan images

Obamacare Defeated- Proposition C Passes in Missouri with 70% Support

A New Breed of Genetically Engineered Vaccines Will Take Control of Our

Army Suicide Report Ignores Role of Suicide-Inducing Drugs The long

Obama Drops 2009 Pledge to Withdraw Combat Troops from Iraq

FBI reading your email? The Obama administration is seeking to make it

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