Al Peia's Blog: November 2, 2010 posts

Business / Economic / Financial

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

Pace of recovery remains unclear (Washington Post) [ What recovery? (Even wall street shill, the senile Buffett is saying we’re still in a recession (depression). Buffett: We're Still in a Recession ) ? The resurgence in the wall street fraud ] QE2 Is Not A Recovery Plan, It’s A Stealthy Scheme To Prepare For The Next Bank Bailout [ Next bailout? How ‘bout they’re still working on the last one … you know, that now ‘marked to anything’ multi-trillion dollar thing … I think people fail to recognize / realize / appreciate the magnitude of the last / continuing fraud by the criminally insane lunatics on wall street and accomplices. See infra. ] Federal (that says it all … NOT) report on manufacturing provides a glimmer of encouragement. [ This is an especially great opportunity to sell / take profits! Suckers’ rally into the close to keep suckers suckered (easy for the wall street frauds to do with just a mouse click / push of the button). Keep in mind, the totally mindless blather from the ‘cottage industries’ of and fraudulent wall street itself in talking up lower P/E multiples when the same is a direct result of the debasement of the dollar and the consequent manipulation / translation (not real, see Davis, infra) which preceded the financial crisis / last crash. Unemployment, trade, deficit, etc., numbers continue decidedly worse than expected along with other negative data (and in the ‘wrong direction’, that spin accorded ‘down but not as bad as before’ b*** s*** ) yet the market has rallied like no tomorrow with used home foreclosure / distressed sales, though abated owing to ‘foreclosuregate’, the other ‘heralded’ good news. Moreover, the dumbo lemmings of Europe have jumped on the fraudulent defacto bankrupt american crazy train propelled to the precipice also as if no tomorrow. This is about keeping the suckers sucked in with the help of a market-frothing pre-election debased dollar for favorable currency translation and paper (but not real when measured in, ie., gold, etc.) profits which preceded the last crisis, inflating a bubble as in the last crisis to facilitate the churn-and-earn, particularly with computerized (and high frequency) trades and which commissions they’ll get again on the way down. There is nothing to support these overbought stock prices, fundamentally or otherwise. These are desperate criminals ‘at work’. Even wall street shill, the senile Buffett is saying we’re still in a recession (depression) [ Davis: ‘… all profits are inflated by 10% (from falling, debased dollar) and that 10% is the E that gets divided from the P and gives us a much better price/multiple to hang our hats on and that gets investors to BUYBUYBUY …’ The bull market that never was / were beyond wall street b.s. when measured in gold ] This is an especially great opportunity to sell / take profits (these lower dollar, hyperinflationary currency manipulations / translations to froth paper stocks will end quite badly as in last crash)! This is a global depression. This is a secular bear market in a global depression. The past up moves were manipulated bull (s***) cycles (at best) 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 ‘programmed computerized high-frequency churn and earn pass the hot potato scam / fraud as in prior crashes ( widely reported, high-frequency trading routinely accounts for more than 50% of daily U.S. equity trading volume and regularly approaches 70%. )’. 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.The Stock Market's Long Decline Has Begun Smith ]

Equities Up as Street Bets on Fed Efforts, Congressional Shift Midnight Trader 4:10 PM, Nov 2, 2010 --

NYSE up 72.73 (+0.97%) to 7,582.16
DJIA up 64.10 (+0.6%) to 11,189
S&P 500 up 9.19 (0.8%) to 1,194
Nasdaq up 28.68 (+1.2%) to 2,534

GLOBAL SENTIMENT

Hang Seng up 0.08%
Nikkei up 0.06%
FTSE up 1.12%

UPSIDE MOVERS
(+) BP profits decline but beat expectations.
(+) MA beat with results.
(+) ARTG sold to Oracle (ORCL).
(+) ICGN secures grant money.
(+) RDN reports smaller-than-expected Q3 loss.
(+) NVMI expects sales to meet or exceed guidance.
(+) RGN jumps on positive study results.
(+) MPEL swings to profit, beats with sales.
(+) ARO downgraded.
DOWNSIDE MOVERS
(-) PFE gives up early gain in EPS beat, mixed guidance.
(-) WFR continues evening decline that followed earnings miss, withdrawn guidance.
(-) ESLR continues evening slide after narrower loss misses Street view.
(-) CLX misses with Q3 and guides for FY EPS to miss.
(-) SGEN downgraded.
(-) MVIS reports wider-than-expected loss.
(-) TEVA beats with results.
(-) RIMM initiated with favorable analyst coverage.
MARKET DIRECTION
Stock averages log healthy gains Tuesday, padded by a late move for the front-running, tech-heavy Nasdaq. M&A news on top of general optimism for the election and the expected Fed stimulus plan lifted stocks. General Wall Street enthusiasm comes ahead of the results of still closely contested mid-term elections Tuesday that are expected to shift some power to Republicans. Such a change is believed by many investors to create a pro-business environment beneficial to stock trading. That stance stems in part from the belief that narrow margins for either party would make passing new laws more difficult, and stability could spell better times for Wall Street. What's more, the Federal Reserve is expected to announce a program of asset purchases of at least $500 billion to stimulate the economy on Wednesday at the end of a two-day meeting that began on Tuesday. Merger and acquisition activity also continued today, buoying stocks. In the latest round of M&A news, Oracle Corp. (ORCL) is higher after announcing that it has agreed to buy Art Technology Group Inc. (ARTG) for $1 billion in cash. The $6-per-share purchase price is a 46% premium over Art Technology's closing price on Monday. Shares have soared by a near equal 45%, up $1.86 at $5.96 in morning trading. The deal needs shareholder and regulatory approval, and Oracle expects to close early next year. Meanwhile, in a bid to increase its stake in motion-sensing technology, Microsoft (MSFT) acquired Canesta, a company that designs microchips that enable computers to see images in three dimensions, Reuters reported. The purchase of the privately-held Canesta comes as the software giant is looking to launch its Kinect motion-controller next month in an effort to spark sales of its XBox video-game console, the report says. Dell (DELL) said it was acquiring privately-held Boomi, a software-as-a-service provider, to help the computer maker make inroads into cloud computing, according to a statement from the company. The terms of the deal were not disclosed. BHP Billiton (BHP) shares are just higher on market buzz that its bid for Potash (POT) was rejected, according to a Reuters report. BHP was not available for comment, the report said. No decision was made by Canadian officials about whether the $39 billion bid for Potash should go forward, but news reports indicated that bureaucrats in that country were advising that it should proceed.

Equities Up as Street Bets on Fed Efforts, Congressional Shift [ The fraud continues …Come on! What total b*** s***! ]

Houdini Had Nothing on This (Suckers’) Rally Farrish ‘The rally lasted about thirty minutes and then worry took center stage. The NASDAQ gave up a twenty-five point gain which was within three points of the April high. The S&P 500 index gave back twelve points and barely ended the day positive. Was this the final attempt to reach the April highs before the reality of what has been the driver hits the headlines? Since the low on August 27th, quantitative easing and the election have been two of the driving factors in the move. In fact, many believe this to be nothing more than a liquidity rally. Factoring in the economic data one would have to give that argument serious consideration.The Fed announced on August 27th that it was considering another round of quantitative easing to stimulate the economy. The increased money supply is intended to reduce rates and keep freely flowing to stimulate growth through low interest rate loans. The argument for or against such efforts have been debated endlessly in the press over the last five weeks and the anticipation has prompted a 13% rally in the broad markets. It has accomplished the feat without a single draw-down of more than 2% since the move higher began. In the process of this accomplishment the dollar has declined 7% paying the price for proposed Fed actions.What I find interesting to this point, the Fed hasn’t taken any action, nor have they defined what action they may take moving forward. In other words speculation has been the driving factor in this broad market gain of 13% since the last FOMC meeting. Without supply any additional liquidity, the Fed has accomplished growth in the equity markets. Sounds like, “buy on the rumor” is in play. Some interesting stats:

The dollar has moved from $1.26 to $138 versus the euro.
Crude oil has moved from $71.60 to $83 per barrel.
Gold has moved from $1236 to a high of $1380 an ounce.
The 30 year Treasury bond yield has moved from 3.63% to 4.05%. (TLT dropped from $108.50 to $99.67)
NASDAQ 100 index climbed from 1768 to 2128 (20.3%)

Last Friday the Q3 GDP report was a 2% gain. If the economy is growing at 2% and the above stats are the results, Houdini is in charge of the markets. I will be so bold as to say the market is overbought based on the current data. If investors are looking forward and anticipating accelerating growth, Q4 GDP growth estimates are currently 2.3%.China continues to grow despite the efforts to slow their economy. The manufacturing data released yesterday showed better than expected growth despite the restriction place on lending and available credit. Interesting that the US markets rally on proposed easing and essentially free money, while the Chinese markets rally on stronger economic growth. Maybe Bernanke really is Houdini!Tomorrow we should get the facts to go along with the speculation. The conclusion of the FOMC meeting is supposed to produce details on how much free money the Fed will produce to stimulate speculative growth in the US stock market (sorry I mean economy). The details will prove supportive of the growth which has taken place since the August 27th announcement or it will be disappointing and prompt a retraction of the growth. Either way all eyes will be fixated on the release at 2:15 PM.Today is all about the midterm elections. To make it easier on the networks there are no economic reports to get in the way. The only surprise awaiting the results will be how many seats are lost in the House and Senate by Democrats. Regardless the end result will leave all of the primary questions unanswered. But at least we can return to the normal mindless commercials on TV versus the mindless rambling about the “other” candidate. Should make for interesting headlines tomorrow.I do have one question that has been haunting me this entire election season…, why is it considered ‘extreme’ to call for a balanced budget act from Congress, but it is normal to pass a Congressional budget for 2011 that has a deficit of 1.3 trillion dollars? … ’

The Fed at Jekyll Island: 100 Years Later, They’re Baaack! EconomicPolicyJournal.com | Nothing good can come out of a conference of Fed members talking to each other after just launching QE2.

Bill Gross: “Bernanke Is Charles Ponzi” The Daily Bail | Gross is honest about Bernanke but then disavows any connection to natural intelligence with his statement that QE2 will work.

QE2 Is Not A Recovery Plan, It’s A Stealthy Scheme To Prepare For The Next Bank Bailout Pragmatic Capitalist | I’ve shown in rather elaborate detail in recent weeks that quantitative easing does not help the real economy generate a sustained recovery.

Irish Bonds Plunge: New Bund Spread Record As Euro Pushes Ever Higher; Ultraviolence To Follow? The market is once again getting plain retarded. One look at what is happening in Europe should be sufficient for every self-respecting investor to throw up all over this bs and quit the business forever.

Dollar Death Bed: Aussie Beyond Parity For First Time In 28 Years The entire world is preparing to bury the dollar in advance of tomorrow’s QE2 currency suicide by the chairman. Exhibit A: the OZ dollar which is now trading north of parity for the first time in 28 years, as Australia decidedly puts its in chips in China’s basket, believing that no matter how high the OZ, China will have no problem with importing its exports.

Fed Easing May Mean 20% Dollar Drop: Bill Gross The dollar is in danger of losing 20 percent of its value over the next few years if the Federal Reserve continues unconventional monetary easing, Bill Gross, the manager of the world’s largest mutual fund, said on Monday.

Living Beyond Our Means: 3 Charts That Prove That We Are In The Biggest Debt Bubble In The History Of The World Do you want to see something truly frightening? Just check out the 3 charts posted further down in this article. These charts prove that we are now in the biggest debt bubble in the history of the world.

Catherine Austin Fitts: The Looting Of America Former Assistant Secretary of Housing under George H.W. Bush Catherine Austin Fitts blows the whistle on how the financial terrorists have deliberately imploded the US economy and transferred gargantuan amounts of wealth offshore as a means of sacrificing the American middle class. Fitts documents how trillions of dollars went missing from government coffers in the 90’s and how she was personally targeted for exposing the fraud.

(11-2-10) Dow 11,189 +64 Nasdaq 2,533 +29 S&P 500 1,193 +9 [CLOSE- OIL $83.90 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.15 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,356 (+24% for year 2009) / SILVER $24.83 (+47% for year 2009) PLATINUM $1,709 (+56% for year 2009) / DOLLAR= .71 EURO, 80 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.59% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

National / World

Victories Suggest Wider Appeal of Tea Party; Republicans pick-up seats, Democrats may hold Senate NY Times | The Tea Party victories by Rand Paul of Kentucky and Marco Rubio of Florida underscored the extent to which Republicans and Democrats alike may have underestimated the power of the Tea Party.

WSJ: Rand Paul victory ‘sends Fed critic to Senate’ Aaron Dykes | Rand Paul’s victory represents a blow to the establishment and renewed Senate support for an audit of the Federal Reserve.

Rand Paul Wins in Kentucky Fox Nation | Paul beat Kentucky state Attorney General Jack Conway after a bitter contest that delved into Paul’s religion and made for some tense debates.

Catherine Austin Fitts: The Looting Of America Paul Joseph Watson | Financial terrorism and the war on the middle class. - ‘Former Assistant Secretary of Housing under George H.W. Bush Catherine Austin Fitts blows the whistle on how the financial terrorists have deliberately imploded the US economy and transferred gargantuan amounts of wealth offshore as a means of sacrificing the American middle class. Fitts documents how trillions of dollars went missing from government coffers in the 90’s and how she was personally targeted for exposing the fraud. Fitts explains how every dollar of debt issued to service every war, building project, and government program since the American Revolution up to around 2 years ago – around $12 trillion – has been doubled again in just the last 18 months alone with the bank bailouts. “We’re literally witnessing the leveraged buyout of a country and that’s why I call it a financial coup d’état, and that’s what the bailout is for,” states Fitts…’

Commercial About The National Debt That Is Being Banned By Major Networks The American Dream | “Of course, we owned most of their debt, so now they work for us”.

Rand Paul Beats Conway To Become US Senator Rand Paul has beaten Jack Conway in Kentucky – AP, ABC, NBC, CNN and Fox are all projecting an easy Rand victory. This is a massive slap in the face to the establishment smear machine that tried – and woefully failed – to derail his campaign with an endless series of contrived smears that were parroted by the corporate media and the Soros borg hive blogs like Media Matters, Daily Kos, and Think Progress.

Angle Campaign Urges Last Minute Votes To Defeat Reid The bottom line is, media exit polls are showing this race is a dead heat right now. This election really is going to be decided in the next 4 hours. If you know ANYONE who has not gotten out and voted, you have to call them right now, and make sure they go vote for Sharron Angle.

Early Reports of Electronic Voting Machines Flipping Votes Early monitoring of voting around the country is raising concerns about electronic voting machines in key battleground states — especially in Pennsylvania, where machines are registering Democratic votes instead of Republican, and vice versa.

New Black Panther Seen At Polling Place Fox 29 News ran into a New Black Panther Party member outside as the same Philadelphia polling place where voter intimidation was reported two years ago. He was handing out a sample ballot for the Democrats.

Gore Lies About Air Travel, Leaving Car On Idle Our post is accurate. The bottom line is this: Al Gore continues to arrogantly refuse to make himself available to journalistic inquiry. Mr. Gore continues to make travel and lifestyle choices that reveal his belief that making do with less is for you and me, but not for him.

Ron Paul Can Beat Obama In 2012 When even uber-leftist Chris Matthews slams the President for being elitist and distant from the American people, you know that the cult of Obama is finished for good, and that Barry’s political career may not even survive long enough for him to run again in 2012, providing the perfect opportunity for Ron Paul to outstrip a similarly despised group of neo-con Republican candidates and become the people’s President in two years’ time.

France and UK plan unprecedented military cooperation Reuters | Britain and France will launch a broad defense partnership on Tuesday that includes setting up a joint force and sharing equipment and nuclear missile research centers, a French government source said.

‘Hated’ Sarkozy fears assassination amid strikes and protests across France Mail Online | Nicolas Sarkozy (Little Nicky: The Pepe Le Pew of French Politics - http://albertpeia.com/pepelepewoffrenchpolitics.htm ) fears he is so disliked by his country that he could be assassinated.

Greece intercepts parcel bomb addressed to Sarkozy Reuters | Greek police intercepted a booby-trapped parcel addressed to French President Nicolas Sarkozy on Monday.

World Series: San Fran fans reaction Fox Sports [ I became a fan of San Fran the minute I saw dumbya bush bumbling around and particularly when I saw poppy and dumbya on the mound as dumbya threw that ball … Congratulations, ‘Giants! ]

Drudgereport: REPUBLICANS WIN SENATE SEATS: AL, AR, AZ, FL, GA, IA, ID, IL, IN, OH, OK, KY, KS, LA, MO, ND, NH, PA, SC, SD, WI...
DEMS WIN: CA, CT, DE, HI, MD, NY, WV...
TOO CLOSE TO CALL: NV...
REPUBLICAN WINS OBAMA'S OLD SENATE SEAT...
JERRY BROWN IN...
BOXER IN...
BARNEY FRANK IN...
RUSS FEINGOLD OUT...
GOP celebrates...
DETAILS, MAP: GOVERNOR RACES...
DETAILS, MAP: HOUSE RACES...

New Black Panther Returns to Same Polling Place? Jerry Jackson, the same New Black Panther member who intimidated voters in 2008 back at the same polling station, instructs voter to vote straight Democrat, then proceeds to threaten same voter.
Bernanke Faces More Congressional Scrutiny After Republican Election Gains...
PUMP: Fed Likely to Announce $500 Billion of Purchases...
'Biggest decision in decades'...
Fed easing may means 20% drop of dollar value...
'The end of dollar hegemony'...

Bombs more lethal than in Dec. 25 attempt (Washington Post) [ Truth be told, there’s no shortage of pre-election skepticism … ] The package bombs discovered on cargo flights last week contained far more explosive material than the device that the alleged underwear bomber planned to use last Christmas to down a Detroit-bound jetliner, officials said. [Did Obama Order British Authorities To Find Non-Existent Ink Bomb? Paul Joseph Watson | Only after President’s speech did East Midlands security officials reverse earlier announcement that suspicious device was a dud.. The Cult Of Obama Crashes And Burns Steve Watson | The hope has gone, the change never came – now people are just pissed off. Toner Bomb Plot Used to Empower CIA Kurt Nimmo | Absurd toner bomb plot provides excuse to rationalize the global reach of the CIA into Arabian peninsula. CIA Stooge Awlaki Prime Suspect Behind Plane Bomb Plot Paul Joseph Watson | Evidence screams “false flag” as authorities seek to crush resistance against invasive airport security measures, while Obama exploits event for domestic and geopolitical gain. Israel Knew About Toner Bomb Plot Before Devices Were Found Transportation minister hints state knew about mail terror plot before it was publicly revealed Friday. ‘Since Thursday Israeli representatives have been securing shipments to Israel from airports worldwide,’ he says. Did Obama Order British Authorities To Find Non-Existent Ink Bomb? After having examined the suspicious ink toner device for six hours and found it to be a dud, bomb experts at East Midlands Airport only reversed their decision after being ordered to re-inspect the package by US authorities following President Obama’s Friday afternoon speech in which he claimed that the devices did in fact contain explosives. No U.S. Commercial or Private Plane left Yemen to the U.S. over last 48 hours; Yemeni Official A Yemeni official told Yemen Post that no U.S. cargo aircraft of any American company flew out of Yemen over the last 48 hours. Yemen Insists No Packages Sent 48 Hours Prior to Toner Bomb Hysteria Kurt Nimmo | As usual, the government has not done a very good job of making the latest al-CIA-duh plot credible. Obama ‘Fake Terror’ Alert Story Hits #1 on Google Efforts to warn the population that the Obama Administration, like the Bush Administration before it, has engaged in issuing fake terror alerts has gone viral, with the search term “fake terror” reaching #1 on Google Trends. It is yet another success in the Infowar, initiated on the Alex Jones Show. Toner Bomb Plot Used to Empower CIA In addition to adding new urgency and a fresh dose of hysteria to the flagging war on manufactured terror, the toner bomb plot has provided an excuse to rationalize the global reach of the CIA. Obama Issues Fake Terror Alert On Eve Of Elections As we predicted on four separate occasions would happen, the Obama White House has deliberately contrived a fake terror scare on the eve of the mid-term elections in an effort to subdue the rampaging political appetite for anti-big government candidates that threatens to sweep aside establishment incumbents next week. ]

51 Iraqi worshipers, 7 troops killed in church siege (Washington Post) [ Yes, and even more sounds of silence … which of course smells like napalm in the morning … you know … that victory thing. ]

Federal applicants eye changes (Washington Post) [ How ‘bout real change that comports with the reality of that proverbial ‘blackhole’ / sinkhole called the federal bureaucracy, excepting law enforcement / prosecution. No new federal hiring / wasteful do-nothing / make-work / accomplish less jobs! Firing … that’s fine.] Officials back off Obama's hiring process overhaul deadline, saying only some agencies are ready.

AIG moves ahead with efforts to repay taxpayers (Washington Post) (Oh come on! … Wake up! … Are you really going to spin business reality in america into some magnanimous gesture on the part new york sinkhole-based aig … The Calm Before the Storm: Are We Approaching a Turning Point for the U.S. Economy? [ The essence of the current scam / fraud is succinctly set forth thusly, albeit tepidly … Snyder ‘…You see, the truth is that "quantitative easing" is not only just a way to stimulate the economy, it is also a way to give backdoor bailouts to the big banks without having to go through the U.S. Congress. In a previous article, I described how this works....

1) The big U.S. banks have massive quantities of junk mortgage-backed securities that are worth little to nothing that they desperately want to get rid of.

2) They convince the Federal Reserve (which the big banks are part-owners of) to buy up these "toxic assets" at significantly above market price.

3) The Federal Reserve creates massive amounts of money out of thin air to buy up all of these troubled assets. The public is told that all of this "quantitative easing" is necessary to stimulate the U.S. economy.

4) The big banks are re-capitalized and have gotten massive amounts of bad mortgage securities off their hands, the Federal Reserve has found a way to pump hundreds of billions (if not trillions) of dollars into the economy, and most of the American people are none the wiser…’ ] QE2 Is Not A Recovery Plan, It’s A Stealthy Scheme To Prepare For The Next Bank Bailout [ Next bailout? How ‘bout they’re still working on the last one … you know, that now ‘marked to anything’ multi-trillion dollar thing … I think people fail to recognize / realize / appreciate the magnitude of the last / continuing fraud by the criminally insane lunatics on wall street and accomplices. ] Pragmatic Capitalist | I’ve shown in rather elaborate detail in recent weeks that quantitative easing does not help the real economy generate a sustained recovery.) Insurance giant raises billions by selling of one of its crown jewels.

The Calm Before the Storm: Are We Approaching a Turning Point for the U.S. Economy? [ The essence of the current scam / fraud is succinctly set forth thusly, albeit tepidly … Snyder ‘…You see, the truth is that "quantitative easing" is not only just a way to stimulate the economy, it is also a way to give backdoor bailouts to the big banks without having to go through the U.S. Congress. In a previous article, I described how this works....

1) The big U.S. banks have massive quantities of junk mortgage-backed securities that are worth little to nothing that they desperately want to get rid of.

2) They convince the Federal Reserve (which the big banks are part-owners of) to buy up these "toxic assets" at significantly above market price.

4) The big banks are re-capitalized and have gotten massive amounts of bad mortgage securities off their hands, the Federal Reserve has found a way to pump hundreds of billions (if not trillions) of dollars into the economy, and most of the American people are none the wiser…’ ] Snyder ‘An eerie calm has descended upon world financial markets as they await perhaps the two most important financial events of the year this week. On Tuesday, investors will be eagerly awaiting the results of one of the most anticipated midterm elections in U.S. history. On Wednesday, the Federal Reserve is expected to end months of speculation by formally announcing the details of a new round of quantitative easing. If either the election or the meeting of the Federal Reserve open market committee delivers a highly unexpected result, it could have a dramatic impact on world financial markets. In fact, many are looking at this week as a potential turning point for the U.S. economy. The decisions that are made or not made this week could set us down a road from which the U.S. economy may never recover.At this point, it looks like the Republicans will take control of the U.S. House of Representatives and will pick up a number of U.S. Senate seats as well.There are many in the financial world who already consider Barack Obama to be the most "anti-business" president in U.S. history, so a defeat for the Democrats on Tuesday would be greatly welcomed by many on Wall Street. Barack Obama's decline in popularity since he was elected has been absolutely stunning. According to Gallup, Barack Obama had an average approval rating of just 44.7% during the seventh quarter of his presidency, which was a brand new low. In fact, Obama's average approval rating has fallen during every single quarter since he took office. Things have gotten so bad for Obama that one new poll has found that 47% of Democrats now think that Barack Obama should be challenged for the 2012 Democratic presidential nomination. However, if the Democrats were able to do surprisingly well on Tuesday, it would not only shock the political pundits, but it would also likely put world financial markets in a very bad mood. If the Republicans do very well on Tuesday, it will likely mean that there will be no more extensions for those receiving long-term unemployment benefits. Some state governments are already anticipating this and are making preparations. For example, armed security guards are now being posted at all 36 full-service unemployment offices in the state of Indiana. It is estimated that approximately 2 million Americans will lose their unemployment insurance benefits during this upcoming holiday season if Congress does not authorize another emergency extension of benefits by the end of November. If the Republicans do very well on Tuesday, it would make it much more likely that the extension will not happen.But if millions of unemployed Americans suddenly find themselves without any unemployment checks, that is only going to cause anger and frustration to grow.Either way, the unfortunate truth is that this election is not going to change much.Over the past five elections, incumbents have been re-elected to the U.S. House of Representatives at an average rate of 96 percent. This time will be a little different of course, but not that much different. The sad truth is that we are still likely to see about 80 percent of the exact same faces going back to the U.S. Congress for the next session.However, even if the American people could somehow vote out every single member of Congress, it would still not do much to fundamentally change our economic situation because the U.S. Congress does not run the economy ,and neither does the President.Of course both of those institutions can influence the U.S. economy, but it is actually the Federal Reserve that runs the economy.The Federal Reserve controls the money supply. The Federal Reserve controls our interest rates. If the U.S. government wants more money it has to go get it from the Federal Reserve. It is the Federal Reserve that is tasked with the mandate of keeping unemployment low while also keeping inflation at a "reasonable" level.But these days, Federal Reserve officials don't really seem to be that concerned about the dangers of inflation. In fact, several top Federal Reserve officials have come out in recent weeks and have made public statements not only advocating more quantitative easing, but also suggesting that inflation is not a danger because it is actually "too low" right now.In fact, there have been some rumblings that many officials at the Fed would actually welcome more inflation because they think that it would somehow stimulate the economy. In fact, a Federal Reserve paper that was released in September actually floated the idea that a spike in oil prices would be quite good for the U.S. economy.And these are the people running our economy?Are we all caught in an episode of The Twilight Zone?Well, as far as rising oil prices are concerned, the Fed will almost surely get its wish. As I have written about previously, the price of oil is almost certainly heading to 100 dollars a barrel. But if the price of oil shoots up, isn't that going to cause significant inflationary pressure on the prices of thousands of other goods and services? Of course. Unfortunately, very few of our leaders seem too concerned about inflation or about protecting the value of the U.S. dollar these days. In fact, now even the IMF is publicly proclaiming that the U.S. dollar is "overvalued". What a mess. But there is another aspect of a new round of "quantitative easing" that the American people really wouldn't like if they could actually figure out what is going on. You see, the truth is that "quantitative easing" is not only just a way to stimulate the economy, it is also a way to give backdoor bailouts to the big banks without having to go through the U.S. Congress. In a previous article, I described how this works....

1) The big U.S. banks have massive quantities of junk mortgage-backed securities that are worth little to nothing that they desperately want to get rid of.

2) They convince the Federal Reserve (which the big banks are part-owners of) to buy up these "toxic assets" at significantly above market price.

Now how do you think the American people would feel about "quantitative easing" if they really understood all this?But unfortunately, most Americans will be watching the election results on Tuesday night without having even a basic understanding of how our economy is really run.Already, there are a ton of signs that the U.S. economy is heading in a very bad direction, and dumping a handful of Congress critters out of office might feel good, but it isn't going to do much to really change our economic problems.The American people desperately need to be educated about how our financial system really works. But unfortunately, most Americans will likely not wake up until the whole house of cards comes crashing down.’

QE2 Is Not A Recovery Plan, It’s A Stealthy Scheme To Prepare For The Next Bank Bailout [ Next bailout? How ‘bout they’re still working on the last one … you know, that now ‘marked to anything’ multi-trillion dollar thing … I think people fail to recognize / realize / appreciate the magnitude of the last / continuing fraud by the criminally insane lunatics on wall street and accomplices. ] Pragmatic Capitalist | I’ve shown in rather elaborate detail in recent weeks that quantitative easing does not help the real economy generate a sustained recovery.

Expecting Weakness: Why the Market's Sugar High Is About to End

Sell the News … Long overdue?

Look Out Below - Reiterated

UPDATE 5-Ambac says may go bankrupt this year; shares sink

Fraud Caused the 1930s Depression and the Current Financial Crisis Robert Shiller – one of the top housing experts in the United States – says that the mortgage fraud is a lot like the fraud which occurred during the Great Depression.

The Founding Fathers’ Vision Of Prosperity Has Been Destroyed Everyone knows that the American colonists revolted largely because of taxation without representation and related forms of oppression by the British. But – according to Benjamin Franklin and others in the thick of the action – a little-known factor was actually the main reason for the revolution.

Not Just Stocks … High Frequency Traders Might Be Manipulating Futures, Options, Bonds, Currency and Commodities Markets As Well We know that high frequency trading is used to manipulate the stock market. The prevalence of high frequency trading in other markets means that it might be used to manipulate those markets – perhaps virtually all markets – as well.

Exclusive: 4 Dealers Respond With “$1+ Trillion” To Fed Reverse Inquiry Into How Much QE2 Is Necessary Yesterday we made a big stink over the Fed’s reverse inquiry into the PD community over how much QE2 it should launch. Today, we find out what the distribution is: as Merrill’s Harley Bassman points out: “Four dealers are predicting a $1+ Trillion buy program.” It is good to finally know what the bogey is.

Is The Fed TRYING To Force A Surge In Commodity Prices And Input Costs? Diapason Explains Why Hyperinflation Is Blackhawk Ben’s End Goal The Fed is hoping for not only mild inflation, but an outright surge in prices.

Michael Hudson: Debt Grows Exponentially, While the Economy Only Grows In An S-Curve Michael Hudson is a highly-regarded economist. He is a Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research. He is a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund.

Expecting Weakness: Why the Market's Sugar High Is About to End

Sell the News … Long overdue?

Look Out Below - Reiterated

Is The Fed TRYING To Force A Surge In Commodity Prices And Input Costs? Diapason Explains Why Hyperinflation Is Blackhawk Ben’s End Goal The Fed is hoping for not only mild inflation, but an outright surge in prices.

Dollar sinks before ‘busiest week in decades’ The dollar hit a 15-year low point against the yen on Monday and sank against the euro ahead of “the busiest week in decades” during which the US Federal Reserve could announce fresh stimulus measures.

Red alert Metals Report: Silver Set To Explode Red Alert Metals Report: The biggest names in the precious metals world say the proce of silver is set to EXPLODE higher.

Iran Announces It Has Converted 15% Of Its $100 Billion+ In FX Reserves Into Gold As of today, one of the world’s top oil exporters announced that has exchanged about $15 billion of its FX reserves into gold.

The Calm Before The Storm An eerie calm has descended upon world financial markets as they await perhaps the two most important financial events of the year this week.

QE2 Is Not A Recovery Plan, It’s A Stealthy Scheme To Prepare For The Next Bank Bailout Pragmatic Capitalist | I’ve shown in rather elaborate detail in recent weeks that quantitative easing does not help the real economy generate a sustained recovery.

Dollar sinks before ‘busiest week in decades’ AFP | The dollar hit a 15-year low point against the yen and sank against the euro ahead of “the busiest week in decades” during which the US Federal Reserve could announce fresh stimulus measures.

Why Is Indiana Putting Armed Security Guards Into 36 Unemployment Offices Across The State? Economic Collapse | Did you ever think that things in America would get so bad that we would need to put armed guards into our unemployment offices?

QE2 Is Not A Recovery Plan, It’s A Stealthy Scheme To Prepare For The Next Bank Bailout [ Next bailout? How ‘bout they’re still working on the last one … you know, that now ‘marked to anything’ multi-trillion dollar thing … I think people fail to recognize / realize / appreciate the magnitude of the last / continuing fraud by the criminally insane lunatics on wall street and accomplices. ] Pragmatic Capitalist | I’ve shown in rather elaborate detail in recent weeks that quantitative easing does not help the real economy generate a sustained recovery.

National / World

Did Obama Order British Authorities To Find Non-Existent Ink Bomb? Paul Joseph Watson | Only after President’s speech did East Midlands security officials reverse earlier announcement that suspicious device was a dud.

State Elections: Where you can make a difference Rob Dew | Educate yourself on local and state elections and vote on Tuesday in Austin, Texas.

The Cult Of Obama Crashes And Burns Steve Watson | The hope has gone, the change never came – now people are just pissed off.

Toner Bomb Plot Used to Empower CIA Kurt Nimmo | Absurd toner bomb plot provides excuse to rationalize the global reach of the CIA into Arabian peninsula.

CIA Stooge Awlaki Prime Suspect Behind Plane Bomb Plot Paul Joseph Watson | Evidence screams “false flag” as authorities seek to crush resistance against invasive airport security measures, while Obama exploits event for domestic and geopolitical gain.

Israel Knew About Toner Bomb Plot Before Devices Were Found Transportation minister hints state knew about mail terror plot before it was publicly revealed Friday. ‘Since Thursday Israeli representatives have been securing shipments to Israel from airports worldwide,’ he says.

Did Obama Order British Authorities To Find Non-Existent Ink Bomb? After having examined the suspicious ink toner device for six hours and found it to be a dud, bomb experts at East Midlands Airport only reversed their decision after being ordered to re-inspect the package by US authorities following President Obama’s Friday afternoon speech in which he claimed that the devices did in fact contain explosives.

The Cult Of Obama Crashes And Burns The image of one man begging on his knees as Obama’s convoy pulls away from a restaurant in Chicago yesterday speaks volumes about how far the man’s status has fallen in the eyes of everyday Americans.

Toner Bomb Plot Used to Empower CIA In addition to adding new urgency and a fresh dose of hysteria to the flagging war on manufactured terror, the toner bomb plot has provided an excuse to rationalize the global reach of the CIA.

Barry May Not Run in 2012. Does It Matter? According to WorldNetDaily, an influential Democrat operative reports that some “senior personalities in the Democratic Party have discussed with President Obama’s advisers the possibility of him not running for re-election in 2012.” It would be best for the party if Obama did not seek re-election in 2012, and more than one discussion has been held on the matter with Obama’s top advisers, according to the party operative, writes Aaron Klein.

Half of Democrats Think Obama Should Face Primary An AP-Knowledge Networks poll finds that 47% of Democrats think Presidential Obama should be challenged for the 2012 Democratic presidential nomination while 51% say he should not be opposed.

Barry loses his cool: Angry Obama yells BACK at hecklers… as new poll shows his own party isn’t sure he should be President in 2012 The pressure is on Barack Obama – and it is starting to show.

US midterm elections: Barack Obama’s world turned upside down as Democrats face electoral disaster By abandoning his own rhetoric of bipartisanship, President Obama divided America and set the course for a heavy Democratic defeat in Tuesday’s midterm elections, argues Toby Harnden.

No U.S. Commercial or Private Plane left Yemen to the U.S. over last 48 hours; Yemeni Official A Yemeni official told Yemen Post that no U.S. cargo aircraft of any American company flew out of Yemen over the last 48 hours.

IMF Tax Tribunals Coming to America Soon? Kurt Nimmo | The plan is not to raise tax revenue. It is to destroy nations and usher in world government.

Yemen Insists No Packages Sent 48 Hours Prior to Toner Bomb Hysteria Kurt Nimmo | As usual, the government has not done a very good job of making the latest al-CIA-duh plot credible.

Why Is Indiana Putting Armed Security Guards Into 36 Unemployment Offices Across The State? The Economic Collapse | Could we soon see economic riots similar to what we have seen in Greece and France?

Toner Bomb Results in More Airport Molestation Infowars.com | The idea is to get you accustomed to physically submitting to government thugs at airports and soon enough at the post office and local mall.

Barry May Not Run in 2012. Does It Matter? Kurt Nimmo | The show will go on regardless.

No U.S. Commercial or Private Plane left Yemen to the U.S. over last 48 hours; Yemeni Official A Yemeni official told Yemen Post that no U.S. cargo aircraft of any American company flew out of Yemen over the last 48 hours.

Suspicious Package to U.S. not from Yemen; Yemenia Air Cargo Director Mohammed al-Shaibah, Air Cargo Director for Yemenia Airways said to Yemen Post, “No UPS cargo plane left Yemeni lands over the land 48 hours. These accusations are false and baseless.”

UAE rejects US claims on Flight 201 The United Arab Emirates’ Civil Aviation Authority has rejected claims that a US-bound Emirates’ flight from Dubai contained “suspicious” parcels from Yemen.

Pat-Downs May Soon Become Norm At Airports Friday’s UPS scare is prompting increased security measures at the nation’s airports. That could include newly introduced pat-down procedures.

Obama ‘Fake Terror’ Alert Story Hits #1 on Google Efforts to warn the population that the Obama Administration, like the Bush Administration before it, has engaged in issuing fake terror alerts has gone viral, with the search term “fake terror” reaching #1 on Google Trends. It is yet another success in the Infowar, initiated on the Alex Jones Show.

Obama Issues Fake Terror Alert On Eve Of Elections As we predicted on four separate occasions would happen, the Obama White House has deliberately contrived a fake terror scare on the eve of the mid-term elections in an effort to subdue the rampaging political appetite for anti-big government candidates that threatens to sweep aside establishment incumbents next week.

Toner Bomb Results in More Airport Molestation Infowars.com | The idea is to get you accustomed to physically submitting to government thugs at airports and soon enough at the post office and local mall.

Barry May Not Run in 2012. Does It Matter? Kurt Nimmo | The show will go on regardless.

Powerful EU Nations May Reform “Mission Impossible” Treaty in Secret Eric Blair | Institutions claiming to be unions like the EU are invariably based on hierarchy.

Mainstream Media Now Begins Reporting on BPA Dangers After Denying Previous Evidence Anthony Gucciardi | With mainstream media forced to report on this five-year study exposing BPA as a fertility killer, perhaps the result will be a nationwide ban of the toxic substance.

Union Mob Surrounds We Are Change Member for Heckling Clinton Aaron Dykes | A gang of union thugs in yellow shirts literally surround and intimidate a man who heckled Bill Clinton with questions about the Federal Reserve.

`Drudgereport: NEW VILLAIN: Al-Qaeda bombmaker 'leading suspect' in Yemen parcel plot...`
`Female Suspect Released, No Charges...`
`LAWYER: Being set up...`
`FEAR: White House warns there could be more 'in the mail'... Unemployment Offices To Add Armed Guards... 99 Weeks of Benefits Set To End... USA faces first scrutiny by UN rights council... Dem attacks Pelosi as 'authoritarian'...`
`Expresses 'heartbreak' over failure...`

Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.scribd.com/alpeia
http://alpeiablog.blogspot.com
http://www.albertpeia.com/alresume.htm

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

Wednesday, November 3, 2010

November 2, 2010 posts

Business / Economic / Financial

The Fed at Jekyll Island: 100 Years Later, They’re Baaack! EconomicPolicyJournal.com | Nothing good can come out of a conference of Fed members talking to each other after just launching QE2.

Bill Gross: “Bernanke Is Charles Ponzi” The Daily Bail | Gross is honest about Bernanke but then disavows any connection to natural intelligence with his statement that QE2 will work.

QE2 Is Not A Recovery Plan, It’s A Stealthy Scheme To Prepare For The Next Bank Bailout Pragmatic Capitalist | I’ve shown in rather elaborate detail in recent weeks that quantitative easing does not help the real economy generate a sustained recovery.

Fed Easing May Mean 20% Dollar Drop: Bill Gross The dollar is in danger of losing 20 percent of its value over the next few years if the Federal Reserve continues unconventional monetary easing, Bill Gross, the manager of the world’s largest mutual fund, said on Monday.

WSJ: Rand Paul victory ‘sends Fed critic to Senate’ Aaron Dykes | Rand Paul’s victory represents a blow to the establishment and renewed Senate support for an audit of the Federal Reserve.

Rand Paul Wins in Kentucky Fox Nation | Paul beat Kentucky state Attorney General Jack Conway after a bitter contest that delved into Paul’s religion and made for some tense debates.

Commercial About The National Debt That Is Being Banned By Major Networks The American Dream | “Of course, we owned most of their debt, so now they work for us”.

New Black Panther Seen At Polling Place Fox 29 News ran into a New Black Panther Party member outside as the same Philadelphia polling place where voter intimidation was reported two years ago. He was handing out a sample ballot for the Democrats.

France and UK plan unprecedented military cooperation Reuters | Britain and France will launch a broad defense partnership on Tuesday that includes setting up a joint force and sharing equipment and nuclear missile research centers, a French government source said.

‘Hated’ Sarkozy fears assassination amid strikes and protests across France Mail Online | Nicolas Sarkozy (Little Nicky: The Pepe Le Pew of French Politics - http://albertpeia.com/pepelepewoffrenchpolitics.htm ) fears he is so disliked by his country that he could be assassinated.

Greece intercepts parcel bomb addressed to Sarkozy Reuters | Greek police intercepted a booby-trapped parcel addressed to French President Nicolas Sarkozy on Monday.

51 Iraqi worshipers, 7 troops killed in church siege (Washington Post) [ Yes, and even more sounds of silence … which of course smells like napalm in the morning … you know … that victory thing. ]

Fraud Caused the 1930s Depression and the Current Financial Crisis Robert Shiller – one of the top housing experts in the United States – says that the mortgage fraud is a lot like the fraud which occurred during the Great Depression.

Is The Fed TRYING To Force A Surge In Commodity Prices And Input Costs? Diapason Explains Why Hyperinflation Is Blackhawk Ben’s End Goal The Fed is hoping for not only mild inflation, but an outright surge in prices.

Dollar sinks before ‘busiest week in decades’ The dollar hit a 15-year low point against the yen on Monday and sank against the euro ahead of “the busiest week in decades” during which the US Federal Reserve could announce fresh stimulus measures.

Red alert Metals Report: Silver Set To Explode Red Alert Metals Report: The biggest names in the precious metals world say the proce of silver is set to EXPLODE higher.

Iran Announces It Has Converted 15% Of Its $100 Billion+ In FX Reserves Into Gold As of today, one of the world’s top oil exporters announced that has exchanged about $15 billion of its FX reserves into gold.

The Calm Before The Storm An eerie calm has descended upon world financial markets as they await perhaps the two most important financial events of the year this week.

QE2 Is Not A Recovery Plan, It’s A Stealthy Scheme To Prepare For The Next Bank Bailout Pragmatic Capitalist | I’ve shown in rather elaborate detail in recent weeks that quantitative easing does not help the real economy generate a sustained recovery.

Dollar sinks before ‘busiest week in decades’ AFP | The dollar hit a 15-year low point against the yen and sank against the euro ahead of “the busiest week in decades” during which the US Federal Reserve could announce fresh stimulus measures.

National / World

Did Obama Order British Authorities To Find Non-Existent Ink Bomb? Paul Joseph Watson | Only after President’s speech did East Midlands security officials reverse earlier announcement that suspicious device was a dud.

State Elections: Where you can make a difference Rob Dew | Educate yourself on local and state elections and vote on Tuesday in Austin, Texas.

The Cult Of Obama Crashes And Burns Steve Watson | The hope has gone, the change never came – now people are just pissed off.

Toner Bomb Plot Used to Empower CIA Kurt Nimmo | Absurd toner bomb plot provides excuse to rationalize the global reach of the CIA into Arabian peninsula.

CIA Stooge Awlaki Prime Suspect Behind Plane Bomb Plot Paul Joseph Watson | Evidence screams “false flag” as authorities seek to crush resistance against invasive airport security measures, while Obama exploits event for domestic and geopolitical gain.

Israel Knew About Toner Bomb Plot Before Devices Were Found Transportation minister hints state knew about mail terror plot before it was publicly revealed Friday. ‘Since Thursday Israeli representatives have been securing shipments to Israel from airports worldwide,’ he says.

The Cult Of Obama Crashes And Burns The image of one man begging on his knees as Obama’s convoy pulls away from a restaurant in Chicago yesterday speaks volumes about how far the man’s status has fallen in the eyes of everyday Americans.

Toner Bomb Plot Used to Empower CIA In addition to adding new urgency and a fresh dose of hysteria to the flagging war on manufactured terror, the toner bomb plot has provided an excuse to rationalize the global reach of the CIA.

Half of Democrats Think Obama Should Face Primary An AP-Knowledge Networks poll finds that 47% of Democrats think Presidential Obama should be challenged for the 2012 Democratic presidential nomination while 51% say he should not be opposed.

Barry loses his cool: Angry Obama yells BACK at hecklers… as new poll shows his own party isn’t sure he should be President in 2012 The pressure is on Barack Obama – and it is starting to show.

US midterm elections: Barack Obama’s world turned upside down as Democrats face electoral disaster By abandoning his own rhetoric of bipartisanship, President Obama divided America and set the course for a heavy Democratic defeat in Tuesday’s midterm elections, argues Toby Harnden.

No U.S. Commercial or Private Plane left Yemen to the U.S. over last 48 hours; Yemeni Official A Yemeni official told Yemen Post that no U.S. cargo aircraft of any American company flew out of Yemen over the last 48 hours.

IMF Tax Tribunals Coming to America Soon? Kurt Nimmo | The plan is not to raise tax revenue. It is to destroy nations and usher in world government.

Yemen Insists No Packages Sent 48 Hours Prior to Toner Bomb Hysteria Kurt Nimmo | As usual, the government has not done a very good job of making the latest al-CIA-duh plot credible.

Why Is Indiana Putting Armed Security Guards Into 36 Unemployment Offices Across The State? The Economic Collapse | Could we soon see economic riots similar to what we have seen in Greece and France?

Toner Bomb Results in More Airport Molestation Infowars.com | The idea is to get you accustomed to physically submitting to government thugs at airports and soon enough at the post office and local mall.

Barry May Not Run in 2012. Does It Matter? Kurt Nimmo | The show will go on regardless.

No U.S. Commercial or Private Plane left Yemen to the U.S. over last 48 hours; Yemeni Official A Yemeni official told Yemen Post that no U.S. cargo aircraft of any American company flew out of Yemen over the last 48 hours.

Suspicious Package to U.S. not from Yemen; Yemenia Air Cargo Director Mohammed al-Shaibah, Air Cargo Director for Yemenia Airways said to Yemen Post, “No UPS cargo plane left Yemeni lands over the land 48 hours. These accusations are false and baseless.”

UAE rejects US claims on Flight 201 The United Arab Emirates’ Civil Aviation Authority has rejected claims that a US-bound Emirates’ flight from Dubai contained “suspicious” parcels from Yemen.

Pat-Downs May Soon Become Norm At Airports Friday’s UPS scare is prompting increased security measures at the nation’s airports. That could include newly introduced pat-down procedures.

Toner Bomb Results in More Airport Molestation Infowars.com | The idea is to get you accustomed to physically submitting to government thugs at airports and soon enough at the post office and local mall.

Barry May Not Run in 2012. Does It Matter? Kurt Nimmo | The show will go on regardless.

Powerful EU Nations May Reform “Mission Impossible” Treaty in Secret Eric Blair | Institutions claiming to be unions like the EU are invariably based on hierarchy.

Mainstream Media Now Begins Reporting on BPA Dangers After Denying Previous Evidence Anthony Gucciardi | With mainstream media forced to report on this five-year study exposing BPA as a fertility killer, perhaps the result will be a nationwide ban of the toxic substance.

Union Mob Surrounds We Are Change Member for Heckling Clinton Aaron Dykes | A gang of union thugs in yellow shirts literally surround and intimidate a man who heckled Bill Clinton with questions about the Federal Reserve.

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