Al Peia's Blog: March 14, 2011 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 . The following is the cumulative archive of blog posts / topics for 2010 as the new year starts anew: http://albertpeia.com/December312010postsarchive.htm or PDF formatted version
http://albertpeia.com/December312010postsarchive.pdf ]

Poll: Support for Afghan war waning (Washington Post) [ Waning? When have these nation-bankrupting, perpetual war policies been other than ‘waning’, except among the zionists, neocons, war criminals, military industrial complex, war profiteers, etc.. It was opposition to these perpetual war policies that got ‘wobama the b’ (for b*** s***) elected, only to be revealed for the blatant liar / fraud that he truly is. ]

Obama Laments He’s Not President Of Communist China [ Time to relieve wobama the b’ (for b* s*) of his burden by impeaching / removing him from office without delay! He may not have been the first black president (Clinton is generally considered the first black president by blacks and whites alike, a moniker Clinton accepted and wore proudly – that 18% vote), but he is certainly the last! Drudgereport: `City Lowers Police Testing Standards Because Not Enough Blacks Passed...` `Under pressure from Obama administration... Illinois mayor says Obama still owes city $55,457... Obama to party with Washington reporters...` `Golf in the afternoon...` ] Weekly Standard | “Mr. Obama has told people that it would be so much easier to be the president of China.”

This is the grim economic reality http://albertpeia.com/grimreality.htm . This manipulated bubble in this secular bear market based on b* s* alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!

Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US Salary...$33,000 to $77,000. Maybe our elected officials should make an average salary too...It's a time of sacrifice after all...Pass along, post on your own page if you agree…’

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Saudi troops intervene in Bahrain (Washington Post) [ This most assuredly is exactly that; viz., a ‘declaration of war’. And, as importantly, the militant / transgressor is hardly a righteous player but rather a self-interested, totalitarian, family plutocracy whose actions cannot be supported by any criteria heretofore promulgated precluding same. Saudi police open fire at protest (Washington Post) [ Time to revoke the saudi pass to do whatever please owing to their preposterous claim to all the oil wealth of the entire Saudi nation. 16 miles away, Saudi Arabia's watchful eye looms over Bahrain unrest (Washington Post) [ I’m sure they are… with a microscope at that. Saudis Worried Protests Will Hit Home - saudi arabia; talk about do nothing hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation; I suspect only when foreign corporations say so For the sake of the saudi Arabian people, more than just protests should come to fruition! ] AFP | Saudi royal warns Arab world uprisings could cause harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia effect; far less than democratic and far more deadly in the mideast among other places; talk about hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation as the saudis; time for the saudis to go the way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas canisters bombard sleeping protesters in Manama's Pearl Square. At least two men are reported killed Video: Bahrain protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice of America ‘Saudi Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to crack down on pro-democracy protesters who took to the streets in the capital Manama, a political analyst says. [`SAUDIS TOLD OBAMA 'NOT TO HUMILIATE MUBARAK'`] Opposition calls move to shore up monarchy and quell protests a “declaration of war.”

Store shelves empty even outside disaster zone as panic buying grips Japan (Washington Post) [ I think the term ‘panic-buying’ with its connotation of ‘overreaction’ is a misnomer and misapplied to this unprecedented catastrophe. I further believe that the magnitude of the fallout, literally and figuratively, economically and otherwise, cannot be overstated in being far more dire in negatively impacting already dour global economic prospects. ] TOKYO - Canned goods, batteries, bread and bottled water have vanished from store shelves and long lines of cars circle gas stations, as Japan grapples with a new risk set off by last week's earthquake, tsunami and ensuing nuclear crisis: panic-buying.

I think an appropriate bonus for anyone on capital hill is an all-expenses-paid trip to ………… JAIL! Fed meets as risks widen; policymakers aim to guard against inflation while fostering growth (Washington Post) [ Come on! Let’s not kid each other! The fed’s failed on both counts, continuing the policies of failure ushered in by the senile greenspun… This is the grim economic reality http://albertpeia.com/grimreality.htm . This manipulated bubble in this secular bear market based on b*** s*** alone is an especially great opportunity to sell / take profits while you can since there's much worse to come! … Who, Besides Ben Bernanke, Wants to Buy (u.s.) Bonds? Well, PIMCO just voted with their feet (they’re out of them) … Japansunami will preclude same (note: despite the dire implications for defacto bankrupt america owing to their costly reconstruction preoccupation … market suckers’ rally into the close and off the lows to keep investors suckered … you can do such things, especially into the close, with those computerized high frequency trade programs which are great for generating commissions from the old ‘in-out, in-out’, and then some … these days like last crash / crisis are made for such frauds.) … don’t go looking to china to take more baths, especially with that recent trade deficit of theirs. The answer is no-one! And, one can begin to see the fed’s reluctance to alow proper scrutiny of their books ( technically ‘insolvent’ but printing ever more worthless paper); beyond their complicity in the massive wall street frauds cashed out with their help, there’s the worthless ‘paper on paper’ debacle just around the corner. ] WASHINGTON - The Federal Reserve meets Tuesday at a time of widening economic risks: higher oil and food prices; unemployment near 9 percent; crises in the Middle East and Japan.

Operators struggle to stabilize nuclear plants Attempts to cool Fukushima Daiichi reactors have failed (Washington Post) [ ‘China Syndrome’ … now being third after China, economically speaking, is the least of Japan’s worries. While never really giving it much thought, though seemingly 20/20 hindsightish (it’s really not), I always assumed now admittedly unrealistically, that nuclear plants were built in nonearthquake-prone-zones. Clearly, that’s not the case in Japan and I all but wonder where else. ] Some 170,000 evacuated, 160 possibly exposed; other facility declares state of emergency.

Monday's Correction: Now That's a Black Swan Tradermark ‘The seemingly widespread issues with nuclear plants in Japan are certainly not something one typically has to deal with in the market. Generally you expect media to overplay things, so after the quake Friday, it has been a surprise to see the nuclear situation getting seemingly progressively worse as each day passes, so we definitely have this affecting sentiment. Japan fell over 6% overnight, and U.S. markets are at fresh lows as this mini 'black swan' overwhelms the normal Monday morning garbage. [chart] I said Friday it would actually be in the bears' interest for a rally to work off some of the oversold condition, and then we'd (in a normal market) see another leg back down. Certainly due to the news, we did not get more than a 1 day bounce - but this is how sell-offs usually occur. While still prone to news which can herk and jerk us around, this market definitely now seems to be in correction mode with the S&P 500 quickly fading back the 50 day. One could make bets against the index with the 50 day as your ceiling. Usually a real correction begins with everyone thankful there is a "buying opportunity" but ends when people feel actual consternation. Right now, almost everyone is just thankful they have a chance to get in, hence I'd think there is more downside ahead from a sentiment standpoint.’

Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, down between 12% and 17%. Their major concerns have been rising inflation and the resulting monetary tightening by their central banks to combat the inflationary pressures...So was this week’s stumble the beginning of a more serious correction? The events and reports this week did provide more evidence that the stock market may be ahead of reality regarding prospects for the economy, and therefore corporate earnings, going forward, which should at least limit the market’s upside potential. Limited upside potential equals more downside risk? It might be wise to lighten up some into strength that may develop over the next few days during the ‘monthly strength period.’

BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Blodget ‘Investors have gotten wildly bullish of late, as the bull market that started in early 2009 keeps driving stocks to new highs. But the pigs are about to get slaughtered, says Bob Prechter, president of Elliott Wave International and editor of the Elliott Wave Theorist. Prechter still thinks the new bull market is just a cyclical "retracement" of some of the bear market losses that we've had since the market crashed in 2008. Prechter expected this retracement to drive stocks 50% above the market lows, but stocks have since soared 30% higher than than he expected. So when the day of reckoning comes, Prechter thinks, it will be even more startling. And Prechter still thinks that stocks will eventually crash to new bear-market lows (read: below 6,800 on the DOW). What makes Prechter think this day of reckoning may come sooner rather than later? Sentiment indicators and other technical analysis. Investor bullishness has now gotten so extreme, Prechter says, that it has exceeded the levels in 2008 before the market crashed. Investors could still get even more bullish, of course, but eventually they'll pay for this optimism. And Prechter's not just bearish on stocks: He thinks oil, silver, and other commodities are absurdly overvalued, too. The only thing he's bullish on is the dollar. And lest he be dismissed as a perma-bear, Bob Prechter is quick to add that he hopes there will come a day when he can come on the show and tell everyone that stocks are finally so crushed and hated that it's a historic opportunity to buy them. When will that be? Stay tuned...’ The Case for a Bear Market for Stocks Suttmeier ‘In making a bearish call on the U.S. stock market, I base it on both fundamental and technical factors. The fundamentals show that stocks are overvalued and we have had three ValuEngine Valuation Warnings so far this year. The January warning was ignored by the market but so far stocks peaked with the warning issued on February 18 and re-iterated on March 3. During this period we have seen many days where all 16 sectors have been overvalued, with eight to 11 by double-digit percentages. Today 63.8% of all stocks are overvalued, and all 16 sectors are overvalued, 11 by double-digit percentages…’

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Utilities Are Warning the Correction Is Here Gayed ‘The utilities sector (IDU) may not be the most fascinating sector of the market to watch, but in many ways can be one of the most important. Legendary technical analyst Edson Gould, known for being one of the best market timers of all time, believed that the performance of utilities was an early indicator for broad market movements. He noted often times that when utilities performed exceptionally well, within a short period of time, markets would experience a period of volatility and declining prices…’

2 Years After the Bottom, the 'Smart Money' Is Selling: "It's a Bit Late to Go Long," Nenner Says Nenner ‘Wednesday's two-year anniversary of the start of the bull market proved anticlimactic as major averages fell slightly. The selling picked up steam early Thursday as renewed concerns about Europe's debt crisis offset any positive impact of falling oil prices.

In recent trading, the Dow and S&P were down about 1.3% each while the Nasdaq was off 1.5%.

Such lackluster action is likely to continue in the near term, followed by something much worse for the bulls, according to cycle watcher Charles Nenner of the Charles Nenner Research Center.

"I think it's a bit late to go long," Nenner says, suggesting investors should not expect much more upside from stocks. For the near-term, Nenner expects the market to remain within a trading range between 1307 and 1356 on the S&P 500. (The S&P fell below 1307 early Thursday; a close below that level would mean "big trouble," Nenner says in the accompanying video, taped Wednesday afternoon.)

"We don't intend to go short right now," he says...with "right now" being the operative term.

Looking further out, Nenner is sticking with a forecast of "Dow 5000" over the next three years, a call based partially on his view that deflation remains the primary threat, not inflation. (See: Deflationary Hurricane Will Slam Into U.S. Economy, Charles Nenner Says)

"I would challenge people: ‘how do you get to inflation?'," he says, suggesting wage pressures are the key determinant, not food or energy prices or even Fed policy. "What's clear is that wage demands lead to inflation; people want higher wages and then you get an upside spiral," Nenner says. "People are still happy they have a job, so I don't see any wage inflation, so it means there's no inflation" -- at least not in Europe and the U.S.

The Price of Prognostication

A former market-timing consultant at Goldman Sachs, Nenner has been lauded here and other venues for some of his prescient calls in recent years, most notably:

-- Forecasting a Dow peak of 14,500 in the summer of 2006.
-- Predicting a "substantial drop" in housing in Aug. 2006.
-- Calling the market top in October 2007.
-- Forecasting in late 2007 a "deflation scare" would occur in 2008.
-- In February 2009, predicted a major rally would start "in a few weeks" and could take the S&P as high as 1000.

But Nenner has had his share of clunkers too, including a forecast here that 2010 would be a grim year for both the economy and the markets. In April 2008 on CNBC, he was bullish about the second half of the year and predicted a return to old highs.

Hopefully Nenner's "Dow 5000" call will be similarly misplaced.

I point out these gaffes not to embarrass or make fun, but to remind viewers that to err is human and everything you see/hear should be taken with a grain of salt...assuming you're not already.

Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or email him at altask@yahoo.com’

US Stocks - Is Japan Speeding up the Inevitable? Maierhofer, ‘Japan's Nikkei 225 is down 16% since its February 16 secondary high. Reuters reports that 'Wall Street Dives on Impact of Japan Disaster.' However, Japan's stock market (NYSEArca: EWJ - News) topped before the earthquake, as did the major U.S. Indexes.Is the Japan shock merely speeding up the inevitable or could the bad news actually be part of a bullish 'wall of worry?'Featured below is an article from February 11. At the time the S&P was trading at 1,330. Even though a few weeks old it provides information investors can use to gauge the current down side risk. Updated support levels are provided at the end:
February 11, 2011:If it's too obvious, it's obviously wrong. More often than not, this proverbial Wall Street adage has the last laugh. What's the prevailing consent on Wall Street? What's suspiciously obvious today?

- The Fed is here to help. As long as there's QE2 (or QE3, 4, etc,) prices will go up.

- January was positive. As January goes, so goes the year.

- This is the third year of the Presidential Election Year Cycle. There hasn't been a negative third year since 1939.

- There's no catalyst to send stocks higher.

While Wall Street analysts are trying to one up each other's positive forecasts, the Fear Index, VIX has fallen to a 3 year low. The last time the VIX was at a similar level was in April 2010, just before a literally fear-inspiring 17% correction and the May 'Flash Crash' (see chart below).The ETF Profit Strategy Newsletter didn't subscribe to the prevailing optimism in April 2010 and warned that: 'The message conveyed by the composite bullishness is unmistakably bearish. The pieces are in place for a major decline.'Does that mean that the bottom will fall out again within a matter of days? Not necessarily, but now is certainly not the time to be married to your holdings. Tight sell stops are warranted because any minor correction could turn into a large one. Why?

New Bull Market, or Mother of all Bear Market Rallies?

The devil's in the long-term trend. If we are in a new bull market, any dip would present a buying opportunity. If we are in the mother of all bear market rallies, every rally is a trap and represents a selling opportunity.How can one determine whether we are in a new bull market, or a bear market rally? [chart]It's said that bull markets climb a wall of worry. No doubt there was extreme pessimism surrounding the March 2009 lows. That's one of the reasons the ETF Profit Strategy Newsletter sent out a strong buy signal on March 2, 2009.But pessimism at the bottom doesn't equal a wall of worry. In fact, following the initial bout of disbelief, investors embraced the rally rather quickly. In late 2009, sentiment readings became frothy, in January 2010 they rivaled 2007 extremes (stocks fell 9%), and in April 2010 they exceeded 2007 extremes (stocks fell 17%).About two thirds of the rally from the 2009 lows was accompanied by optimism. This is no wall of worry.

Glass Half Full Outlook

Think about it, even the truly big problems - unemployment and falling real estate prices - were sugar coated from the very beginning. The unemployment problem was charmingly called 'jobless recovery' and falling real estate prices were simply ignored.The Case-Shiller home price index is down four months in a row, but nobody is bothered. A few days ago, MarketWatch ran an article: '10 reasons to be bullish on housing.'Courtesy of the continuing real estate conundrum, the FDIC closed 157 banks in 2010, and 14 thus far in 2011. According to a Wall Street Journal article, the top 10 U.S. owned banks had $13.8 billion in unrealized losses.Those are not reflected in earnings numbers as long as financial institutions (NYSEArca: XLF - News) believe the investment will later rebound. Guess what? Banks are pretty darn sure prices will reclaim their 2006 all-time highs.In addition to the $13.8 billion in unrealized losses, the top 10 U.S. banks owned $360.7 billion in illiquid, hard to value assets (called level 3 assets). While paper earnings appear solid, it appears as if banks are hiding skeletons in their closets. But who cares, stocks (NYSEArca: VTI - News) are up.

Anomaly Explained

Ben Bernanke has openly admitted that asset inflation, or the wealth effect from rising stock prices, is the objective of QE2. Obviously, the money flow from the Federal Reserve over banks into the stock market has been the driving force behind this monster rally.Much of the Fed money has been funneled into commodities. Since QE2, net speculative positions in wheat and copper have doubled, oil soared 115%, soybeans 40% and corn 15%. Rising commodity prices (NYSEArca: DBC - News) are putting the squeeze on lower income Americans and will eventually lower profit margins for the materials sector (NYSEArca: XLB - News).It's quite likely that this ripple effect will spill over into the retail (NYSEArca: XRT - News), technology (NYSEArca: XLK - News), and consumer discretionary sector (NYSEArca: XLY - News). From there it's just a matter of time until it hits the broader Dow (DJI: ^DJI), S&P (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC).Contrary to its objective, QE2 has also sent interest rates soaring. Higher interest rates tend to encourage the money to flow from equities into bonds. Higher interest rates put pressure on bond and stock prices alike...’

Stocks Rattled by One-Two Punch: Dave's Daily ‘Everything was going along just fine for markets even absorbing Tunisia and Egypt well. But then the contagion continued to Libya, Bahrain, Yemen, Kuwait and so forth. This pushed energy prices higher. Further, even though these MENA [Middle East and North Africa] events may ease, you can rest assured they'll resurface and overhang markets for awhile. The next punch was delivered by Japan's earthquake, tsunami and nuclear reactor issues. Japan, being the world's third largest economy, may be in trouble for some unknown period. There will be massive infrastructure spending down the road (emphasis added) which should provide strong demand for building materials (lumber, base metals and so forth). For now, the economy will get a heavy dose of cash from Japan's central bank and this will require enormous debt sales driving yields higher theoretically. Since Japan is a large exporter of stuff to the world, prices for finished products may rise causing more inflation. Commodity prices remained mixed with softs and base metals weak while energy, gold and rice were higher overall. Bonds rallied while the dollar fell. The Fed is busy is POMO activities oblivious to external conditions. Here's their schedule for March and April. Stocks were sold with some late day buying lifting major averages off their lows. Volume continues to rise on selling but with an afternoon "stick save" much of this was positive. Breadth per the WSJ was once again negative.’

Investment Implications of a Nuclear Meltdown in Japan Ciovacco ‘The concerns continue to mount after Japan’s devastating earthquake and subsequent tsunami, which may further heighten recent anxiety in the financial markets (DIA). An explosion near the No. 1 reactor at the Fukushima Dai-Ichi nuclear power station has industry experts talking about the possibility of a meltdown.

According to Bloomberg:

If the fuel rods are melting and this continues, a reactor meltdown is possible,” Kakizaki said. A meltdown refers to a heat buildup in the core of such intensity it melts the floor of the reactor containment housing. “If they cannot get the nuclear reactor back under control during the day, this may end up being the biggest problem of all,” said Ken Courtis, former vice chairman of Goldman Sachs Group Inc. in Asia. “A meltdown, which would cause massive immediate damage, would also set the nuclear industry back decades. This would have vast implications for the global energy equation and perforce the world economy.

Japanese Chief Cabinet Secretary Yukio Edano said at a press conference that the blast didn’t damage the reactor container, only the structure outside it, and that there was no major radiation leakage with the explosion. The nuclear reactors are about 150 miles north of Tokyo. New reports in Japan have indicated the radioactivity at the site was rising to 20 times normal levels. [chart]

We would expect the nuclear energy ETF (NLR) to struggle next week. From an investment perspective, we would avoid NLR in the short-term due to the uncertainties in Japan. If we owned NLR (we do not), we would consider selling some of the position with a close below 24.74, and cutting back even further with a close below 23.18.

“If the water level remains at this level, the reactor core might be damaged, but we are now pouring water into the reactor to prevent it from happening,” Dow Jones Newswires quoted a Tepco spokesman as saying.

According to Wikipedia, a nuclear meltdown:

Occurs when a severe failure of a nuclear power plant system prevents proper cooling of the reactor core, to the extent that the nuclear fuel assemblies overheat and melt. A meltdown is considered very serious because of the potential that radioactive materials could be released into the environment. A core meltdown will also render the reactor unusable until and unless it is repaired.
Within the former Soviet Union several nuclear meltdowns of differing severity have occurred. In the most serious example, the Chernobyl disaster, design flaws and operator negligence led to a power excursion that subsequently caused a meltdown.
A core damage accident is caused by the loss of sufficient cooling for the nuclear fuel within the reactor core. The reason may be one of several factors, including a loss of pressure control accident, a loss of coolant accident (LOCA), an uncontrolled power excursion, or in some types, a fire within the reactor core…’

EU leaders reach deal on debt crisis London Telegraph | European leaders reached agreement early this morning.

‘Anonymous’ to Release Docs Proving Bank of America Fraud Zero Hedge | Hacker collective to leak proof that Assange previously threatened to release.

Are the prophets of doom right? The American Dream | Major Middle East war? Oil at $200/barrel? Gold at $2000?

Foreclosure activity declines as lenders review legal procedures North Jersey | Did foreclosures drop 27% because banks being blamed for robo-signing scandal?

Insured losses from Japan quake could hit $35 billion Reuters | Last week’s earthquake in Japan could lead to insured losses of nearly $35 billion.

EU leaders reach deal on debt crisis London Telegraph | European leaders reached agreement early this morning.

Japan and Otherwise: World Markets Decline

Hacker Group Anonymous Brings Peaceful Revolution To America: Will Engage In Civil Disobedience Until Bernanke Steps Down The goal – engage in “a relentless campaign of non-violent, peaceful, civil disobedience” until Ben Bernanke steps down.

Hacker Collective Anonymous To Release Documents Proving Bank Of America Committed Fraud This Monday After Julian Assange crashed and burned in his threat to release documents that expose fraud at Bank of America, many thought he had been only bluffing, and that BofA is actually clean. Not so fast. The Rule of Gold After The Financial Collapse Activist Post | In a secular world, the operative “Golden Rule” is “He Who Has the Gold Makes the Rules”.

Nikkei Plunges As Quake Sparks Sell-Off Nikkei | Tokyo stocks plunged Monday, with investors selling to avert financial risks over the devastating earthquake.

Has The Tsunami In Japan Destroyed The Japanese Economy? So what is this disaster going to do to the 3rd largest economy in the world? Japan already had a national debt that was well over 200 percent of GDP. Could this be the “tipping point” that pushes the Japanese economy over the edge and into oblivion?

Will The Japanese Earthquake Be The Straw That Breaks Europe’s Back? If an earthquake flips its wings in Japan, does the Eurozone go bankrupt, especially in the month when its most insolvent countries face billions in debt rollover requirements, tens of billions in maturity funding needs, even more in deficit funding requirements… and no cash?

Update: Make That 15 Trillion; BOJ Raises Liquidity Injection To JPY12 Trillion ($146 Billion) Total reactionary panic everywhere now as the BOJ hikes the liquidity injection from 2 to 7 to 12 trillion yen.

The Fed Fails to Create the Stability it Dreams Of Wall Street at least temporarily relieved of the burden of having to buy Treasuries & Agency bonds, is looking at the jump in oil prices as nothing more than an irritant to their plans for a higher market. Bill Dudley of the NY Fed, a most powerful member, continues to make a vigorous defense of Federal Reserve policies.

Tokyo stocks drop 5% in first opening since quake Tokyo shares fell 5.2 percent on Monday in their first opening since Friday, when Japan was struck by the biggest earthquake in its history and a devastating tsunami.

Store shelves empty in Tokyo as uncertainty reigns Commuters and residents of the Japanese capital faced confusion and uncertainty on Monday over the supply of food and energy after Friday’s devastating quake and tsunami which crippled a nuclear power plant.

The Rule of Gold After The Financial Collapse Activist Post | In a secular world, the operative “Golden Rule” is “He Who Has the Gold Makes the Rules”.

Nikkei Plunges As Quake Sparks Sell-Off Nikkei | Tokyo stocks plunged Monday, with investors selling to avert financial risks over the devastating earthquake.

ECONOMIC CRISIS ARCHIVE

Japan Worries Keep Stocks in the Red Midnight Trader ‘ 4:15 PM, Mar 14, 2011 --

DJIA down 51.24 (-0.43%) to 11,993.16
S&P 500 down 7.89 (-0.60%) to 1,296.39
Nasdaq down 14.64 (-0.54%) to 2,700.97

GLOBAL SENTIMENT

Hang Seng up 0.41%
Nikkei down 6.2%
FTSE down 1%

UPSIDE MOVERS
(+) NYX gains on prospects for bidding war.
(+) SSW spikes on results, dividend hike.
(+) NBG finds strong upside support, Euro leaders agree to ease terms of rescue loans.
(+) PFE said to be reviewing sale of certain assets.

DOWNSIDE MOVERS
(-) HIT down sharply, suspends operations at six plants in Japan.
(-) GE drops over concerns what Japan nuclear reactor crisis will have on business.
(-) BAC declines after hacker group is said to release company emails related to foreclosures.
(-) TNDM slides after missing Q4 estimates.

MARKET DIRECTION

U.S. stocks spent the bulk of Monday's trade in the red as traders pondered the global economic impact of the earthquake and tsunami in Japan. Some late afternoon buying goosed the major indices off their day lows. Explosions at damaged nuclear reactors in Japan weighed heavily on sentiment.

Oil continued its downward trend for much of Monday, but it managed to eke into the green by day's end, its first up day after four consecutive days of declines. Oil has been drifting lower as consumption in Japan is expected to be constrained for the near-term as the nation's industries have been forced to cut or halt production significantly. Japan is the world's third largest oil consumer.

News flow was moderate in Monday's trade, with limited exposure from top company names able to pull the Japan headline risk out from atop most traders' screens.

In company news:

Lubrizol (LZ) soared to a 52-week high of $134.13, after it said Berkshire Hathaway will acquire the company for $135 per share in an all-cash transaction. The deal is valued at approximately $9.7 billion, including approximately $0.7 billion in net debt. The companies expect the transaction to be completed during Q3.

Hasbro (HAS) announced Monday that it has entered into a strategic development agreement with Jagex Limited, the U.K.-based developer of the popular free-to-play MMOG Runescape, to jointly create a new online game based on the globally iconic Transformers brand. Under the agreement, the two companies are slated to launch the Transformers online game in 2012 in North America, Latin America, Europe, New Zealand and Australia.

Eli Lilly (LLY) made an "irrevocable, unconditional" offer to acquire the animal health business of Johnson & Johnson (JNJ). According to a statement, upon deal closing, Elanco - the animal health division of Eli Lilly - would obtain a portfolio of about 50 marketed animal health products. As part of the proposed agreement, Janssen animal health employees solely dedicated to the animal health business will transfer to Elanco. No manufacturing facilities would be included in the transaction.

Apple (AAPL) edged higher as investors reacted to strong early sales of the new iPad 2 tablet computer, which went on sale Friday. The newest version of the iPad sold out at Apple's major U.S. stores "within hours," according to The Wall Street Journal. Analysts estimate that Apple sold as many as 500,000 tablets over the weekend. Analysts also said the sales trend bodes well for Apple's sale price.

Bank of America (BAC) shares were down as The New York Times reported that a hacker organization released a series of e-mails from a former employee at the bank that showed how a division of the bank tried to hide information on foreclosures. BofA shares are down 0.6% in pre-market trading.

Xilinx (XLNX) dipped after its board increased the quarterly cash dividend from $0.16 to $0.19 per share. It also reiterated it expects March quarter sales to be flat to up 5% sequentially, assuming no effects from Japan. It is still evaluating the situation in Japan, it said.

Chevron (CVX) shares clawed higher as Reuters reported that the oil major is targeting a 1% output increase this year as it looks to invest in two large Australian natural gas projects in a move to restart growth. Chevron is targeting average production of oil-equivalent products of 2.79 million bpd this year. That would equal 1% growth.

Commodities finished trading higher as crude oil futures advanced in the last hour of trading after sitting lower on concerns about how the earthquake and the resulting impact will affect Japan's refining capacity. Gold ended fractionally higher.

Light, sweet crude oil for April delivery finished up 0.1%, to $101.19 a barrel. In other energy futures, heating oil was down 0.38% to $3.05 a gallon while natural gas was down 2.8% to $3.92 per million British thermal units.

Meanwhile, gold futures ended higher as the dollar weakened.

Gold for April delivery finished up 0.2% to $1,424.90 an ounce. In other metal futures, silver was down 0.13% to $35.89 a troy ounce while copper traded down 0.38% to $4.19.’

(3-14-11) Dow 11,993 -51 Nasdaq 2,700 -15 S&P 500 1,296 -8 [CLOSE- OIL $100.31 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.51 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,413 (+24% for year 2009) / SILVER $35.20 (+47% for year 2009) PLATINUM $1,720 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.35% …..… 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

10K dead in Japan amid fears of nuclear meltdowns (AP) AP - The estimated death toll from Japan's disasters climbed past 10,000 Sunday as authorities raced to combat the threat of multiple nuclear reactor meltdowns and hundreds of thousands of people struggled to find food and water. The prime minister said it was the nation's worst crisis since World War II.

Third Reactor Explodes, Full Scale Nuclear Catastrophe Imminent Kurt Nimmo | Effort to cool reactor with seawater a failure.

Experts fear 3rd reactor explosion Aaron Dykes | A third explosion at the Fukushima plant may be imminent.

CIA Sends USAID to Japan to Manage Nuclear Disinfo Campaign Kurt Nimmo | Cover-up of the extent and severity of Japan’s multiple nuclear meltdowns is now underway.

Cover Up Of Fukushima Chain Reaction Underway Paul Joseph Watson & Steve Watson | True scale of nuclear crisis suppressed by Japanese authorities, aided by castrated and slavish mass media.

Tracking Page: Japan’s Nuclear Meltdown, Aftershocks & Fallout Infowars | Following Japan’s nuclear plant emergency with the latest updates.

Fuel rod fire at Fukushima reactor “would be like Chernobyl on steroids” Kirk James Murphy | Chernobyl’s contamination settled upon people and nations thousands of miles from that reactor’s location.

Tokyo nuke cloud crisis The Sun | Japan teeters on brink of nuclear catastrophe amid fears a radioactive cloud could envelop Tokyo’s 13 million residents.

Evacuation zone widening; 300,000 homeless crowd shelters Daily Mail | Fears of second explosion at quake-hit N-plant as exclusion zone stretches to 13 miles.

Radiation From Fukushima Would Take 7 Days To Reach U.S. Radioactive particles from the stricken Fukushima nuclear facility would take around a week to reach Alaska and eleven days to reach Los Angeles, according to an Accuweather.com analysis, which highlights the fact that prevailing winds over the region would send any potential fallout from the crisis-hit plant drifting towards west coast cities in the United States.

Nuclear Expert: Radiation Could Spread To US West Coast Nuclear expert Joe Cirincione warns that radiation from Japan’s multiple potential nuclear meltdowns could spread to the US west coast and that the threat represents an “unprecedented crisis,” as another explosion rocked the Fukushima complex and officials admitted that nuclear fuel rods at reactor number two have been fully exposed.

Japan’s nightmare gets even WORSE: All THREE damaged nuclear reactors now in ‘meltdown’ at tsunami-hit power station The Japanese nuclear reactor hit by the tsunami went into ‘meltdown’ today, as officials admitted that fuel rods appear to be melting inside three damaged reactors.

Japanese death toll to far exceed 10,000 The death toll from the Japanese earthquake and tsunami is expected to exceed 10,000 as local and international rescue teams search through the ruins of north-eastern coastal cities for survivors of last Friday’s disaster.

TIME: Everything’s Tracked- Get Over It Aaron Dykes | In an astounding cover story,’ TIME tells readers to “get over” ubiquitous tracking.

Nuclear Plant Designer Says Japanese Government Suppressing Scale Of Crisis BBC News | A former nuclear plant designer has said Japan is suppressing vital info on the grave crisis. A former nuclear power plant designer has said Japan is facing an extremely grave crisis and called on the government to release more information, which he said was being suppressed. Masashi Goto told a news conference in Tokyo that one of the reactors at the Fukushima-Daiichi plant was “highly unstable”, and that if there was a meltdown the “consequences would be tremendous”.

Volcano in southern Japan erupts LA Times | A volcano in southern Japan began spewing ash even as the country struggled to recover from the catastrophic earthquake and tsunami.

U.S. West Coast in Path of Fallout Washington’s Blog | California is closely monitoring efforts to contain leaks from a quake-damaged Japanese nuclear plant.

Japan Fears Second Reactor Blast There is a risk of a second explosion at the quake-hit Fukushima power station, Japanese officials have said. However, chief cabinet secretary Yukio Edano said the facility could withstand the impact and the nuclear reactor itself would not be damaged.

U.S. West Coast in Path of Fallout “At present there is no danger to California. However we are monitoring the situation closely in conjunction with our federal partners,” Michael Sicilia, spokesman for California Department of Public Health, told AFP.

Radiation Increases as Cooling Systems Fail at Fukushima Plant in Japan Japanese officials battling to prevent a potential meltdown at a nuclear power station said an explosion was possible at a second reactor building after the plant’s cooling system failed.

Cooling at Sixth Reactor Fails Tokyo Electric Power Co. said Sunday another reactor of its quake-hit Fukushima nuclear power plants had lost its cooling functions, while at least 15 people at a nearby hospital were found to have been exposed to radioactivity.

Featured Stories archive

Japanese Nuclear Meltdown Confirmed Infowars.com | As we accurately reported, the explosion at the Fukushima nuclear plant was the result of a nuclear meltdown of the reactor core.

Media Coverup of Massive Chernobyl Event Underway in Japan Kurt Nimmo | Media in Japan is not reporting this fact in order to prevent mass hysteria.

Piers Corbyn: Massive Japan Earthquake & Tsunami Were Triggered by Solar Action The Alex Jones Channel | Meteorologist and astrophysicist Piers Corbyn, talks with Alex about the Japanese tsunami.

US Contracting Tech Firms for Revolutions Tony Cartalucci | US shamelessly admitting to funding Middle East revolutions

Obama Laments He’s Not President Of Communist China [ Time to relieve wobama the b’ (for b* s*) of his burden by impeaching / removing him from office without delay! He may not have been the first black president (Clinton is generally considered the first black president by blacks and whites alike, a moniker Clinton accepted and wore proudly – that 18% vote), but he is certainly the last! Drudgereport: `City Lowers Police Testing Standards Because Not Enough Blacks Passed...` `Under pressure from Obama administration... Illinois mayor says Obama still owes city $55,457... Obama to party with Washington reporters...` `Golf in the afternoon...` ] Weekly Standard | “Mr. Obama has told people that it would be so much easier to be the president of China.”

Drudgereport: SIXTH NUKE REACTOR FAILSMELTDOWN ALERT...
Firefighters battle blaze at reactor...
Rods fully exposed for 2.5 hours...
Higher radiation recorded north of Tokyo...
RACE TO SAVE THE REACTORS...
Japan Asks USA To Help...
WRAP...
BBC LIVE... REUTERS LIVE... KYODO WIRE...
QUAKE MAPS, DETAILS...
FLASH: Nikkei Stock Market Falls Another 6%...
PM Kan asks public to act calmly... Confusion from deadly quake spreading...
Emergency Cooling Effort at Reactor Failing...
'UNSTABLE'...
Crisis 'Uncharted Territory'...

Up to 160 exposed to radiation... Japan battles nuclear meltdown...
Biggest Crisis Since WWII...
Races to avert multiple reactor failures...
Injecting seawater at Fukushima...
Another hydrogen explosion possible...
Evacuation zones widened -- again...
NUKE DESIGNER: Gov't suppressing info...
BBC LIVE... REUTERS LIVE... KYODO WIRE...
QUAKE MAPS, DETAILS...
USA West Coast in Path of 'Fallout'?

190 EXPOSED TO RADIATION IN MELTDOWN OF REACTOR NO. 1...
Thousands scanned...
200,000 Evacuated...
US EXPERTS: Pumping seawater into reactors 'act of desperation'... 'May foreshadow Chernobyl-like disaster'... GE-designed reactors in Fukushima have 23 sisters in USA...IS THE WORST STILL TO COME?
THOUSANDS SCANNED...
140,000 Evacuated...
ADMIT: Officials say radiation levels rise above limit... Third explosion raises spectre of nuclear nightmare...
USA West Coast in Path of 'Fallout'?
Winds Should Send Radiation Out to Sea...
Run on iodine tablets -- in Finland...
German airline scans Japan flights for radioactivity...
17 U.S. Navy crew members contaminated...
HOPE: Pumping seawater into hot, leaking reactor...
'We're told not to breathe the air -- it's scary'...
GOV'T: Releasing radioactive steam from another reactor...

SAFETY BOARD: Meltdown occurred...
Core of Fuku 1 partially melted; race on to cool...
Japanese officials: 'Nuclear catastrophe averted'...
Say steel container housing reactor undamaged...
Japan to IAEA: Report radiation levels dropping...

REPORT: Nearly 10,000 people missing from town of 17,000...

KYODO: Death tops 2,000...
Military finds 300-400 bodies in one coastal city...
UPDATE: Four trains missing...
Northeast Japan 'a wasteland'...
'Devastation and despair'...
MAPS, DETAILS...
BBC LIVE...
REUTERS LIVE
KYODO WIRE...

City Lowers Police Testing Standards Because Not Enough Blacks Passed...
Under pressure from Obama administration...

Illinois mayor says Obama still owes city $55,457...

Obama to party with Washington reporters...
Golf in the afternoon...

Milbank: King's red scare (Washington Post) [ It truly is difficult for me to imagine being on the same page as Mr. Milbank on virtually any topic at all; and, yet here I am, on the same page agreeing with him with what has already occurred to me in thinking about the mccarthyish way of political opportunist for his zionist district politics, neocon peter king. It is important to distinguish the ‘anti-communist’ tenor of mccarthy’s day, communism being in my view a very real threat in light of my own staunch opposition to communism, the ultimate ‘b* s*’ political doctrine / social organization whereby everybody is purportedly equal, yet some bureaucrats / party members were far more equal in every way than others. Yet, pervasively corrupt / defacto bankrupt america (Batista’s cuba is an example on smaller scale) has become a poster-child for the failure of capitalism (though capitalism is but a fading memory for america in favor of the corrupt bureaucratic morass it’s become) with totalitarian communist china the greatest beneficiary though it’s capitalism that has garnered china enormous success. The irony of it all. While the communist threat was all too real, from the beginning (upon the long overdue fall of communism), there was a void sought to be filled by the military industrial complex, neocons, zionists, war profiteers, etc., literally ‘militants without a cause’. A sad reality that’s all too real. ]

NATO endorses plan for Afghan forces to take over several areas (Washington Post) [ Yeah! Sounds like a plan … if the several areas encompass the entire nation; and, nato quits their foolishness in wasting money they don’t have for the sake of the military industrial complex, war profiteers, thieves, and (nato) heroin dealers. ]

Major changes ahead for U.S. mortgage system (Washington Post) [ Duh! Ya think? … How ‘bout major changes to the entire pervasively corrupt, defacto bankrupt u.s. (illegal) system, long overdue … SEC chief: Becker should not have worked on Madoff fallout (Washington Post) [ Oh come on! Everyone now knows here and abroad that capital hill is just an incestuous, nepotic morass of venal, greedy, corrupt incompetents who do or don’t do whatever is necessary to further their personal financial interests, including bribes both direct and indirect, now or later. Between goldman’s / citi’s rubin, and paulsen, and etc., etc., they’ve pillaged the treasury and aided / abetted / covered up a still extant fraud. Now those who can, do; those who can’t, work for the u.s. government. Who’s the head of enforcement? A goldman man of course. Madoff? House Republicans press SEC on official's ties to Madoff (Washington Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence … yet he’s in jail … and the only one … Boy, did mary shapiro become total b* s* fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s. government … joining the others: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b* s* ………all of the above, some of the above ……….. or is it something else …… here’s a hint - `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To Steal Our Money

Web site Link / Path to archived file: http://www.albertpeia.com/insidejob.flv [45mb ]

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] Former general counsel inherited part of a Bernard Madoff account.

Ethics code urged for Supreme Court (Washington Post) [ Sounds like a plan! Come on! Wake up! After all, what can you expect from two guidos from ‘jersey (alito and scalia, colloquial – note that I have refrained from using what some might consider disparaging terms as w*p*, gui***s, or da***s … and let me state for the record that I truly loved and respected my grandmother who was 100% Italian/Bari,Italy and as well my grandfather/Lake Como,northern Italy with greek ancestral roots and I thereby claim standing/right to posit the criticism in light of my direct experience. ). How ‘bout starting with enforcing laws as to judges, liars, etc., within the very corrupted american illegal system; and, particularly bribes which in one form or another are rampant . I don’t know about Thomas ( 3-4-11 Throw Clarence Thomas Off the Bench (The Daily Beast) ) , but I do know about alito and ‘jersey … :

October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being 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. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).

] Group of law professors' appeal comes after controversies involving travel and appearances at political events by several justices.

Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website; also, because the facts and views presented comport with the facts and views I’ve presented on my site which I believe to be correct. This is a must-view, must-see that I strongly recommend!
The complete url: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 ( 374mb ) Written text of presentation (without pictures / charts) http://www.albertpeia.com/stansberrypresentation.htm ]

] Higher down payments could be demanded by lenders, and the availability of long-term mortgages with fixed interest rates could be curtailed.

Disaster in Japan threatens recession recovery (Washington Post) [ Recovery? … Dreamin’ … and, we’re way past the ‘straw broke the camel’s back’ … we’re really talkin’ about final nails in the coffin … This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b*** s*** alone is an especially great opportunity to sell / take profits while you can since there's much worse to come! What Can the Great Depression Teach Us About Our Great Recession? Chartprophet ‘Is the massive market rally of the past two years just a temporary recovery that has tricked many investors to jump back into stocks right before the next plunge? And how can the Great Depression reveal what may happen to the markets this year, almost 80 years later?As we enter the third year of what has been a very impressive "bull" market, many are left wondering whether this incredible run of as much as 100 percent on the S&P 500 can continue - and for how long. Yet while the economy seems to have rebounded very strongly off of its early 2009 lows, accompanied by improving fundamentals, increased company earnings, and a more optimistic consumer, many investors fail to at least consider the thought that this entire "recovery" could, in fact, be just an extreme overreaction to the 2008 market crash. In other words, the huge rally we have seen in the global stock markets since early 2009 could be just a temporary recovery and pause before the next - and possibly worse - market decline.

It was less than a year ago that the fear of an economic "double dip" - a plunge back down to recession - intensely gripped the markets. The "flash crash", BP oil spill, European troubles, high unemployment, and potential derailment of the economy all posed a severe threat to the viability of our recovery. Yet while many parts of the economy seem to have been improving, there are still so many issues surfacing daily that most of the world is basically ignoring. I am not saying that all these issues are guaranteed to pull us back into recession, but with such a huge rebound in stocks accompanied by so many potential derailers, it may not be so far-fetched to at least consider the possibilities of the tremendous upcoming turmoil.

The issues now: huge government debt, credit crisis, European troubles, high insider selling, Middle East turmoil, surging oil prices that threaten to hurt the economy, soaring commodity prices, surfacing inflation, uncertainty about the Fed's QE2 and QE3, billions of dollars of toxic assets on the balance sheets of many banks, emerging market weakness since the end of 2010, real estate bubbles from China to Singapore, rationalization of fundamentals and a strong complacency that things will continue to be just as positive as they have been, a very slowly-improving unemployment picture, and perhaps one of the most telling points - the average investor is finally getting back in, and maybe right at the end of the rally.

So why should investors at least consider the possibility of a "double dip"? What are the potential scenarios if this tremendous market rally was, in fact, a "fool's rally"? And what can the Great Depression teach us about our current situation?

First, we must understand what a "fool's rally" is:

Otherwise known as a "Dead Dog Bounce," the fool's rally is a corrective bounce or temporary rebound that follows a severe decline in an individual stock or broader market. Following a severe decline, stocks and markets can sometimes see sharp bounces off of the lows as a rapid overreaction to the downside is followed by an overreactive bounce to the upside. In other words, a market crashes quickly and sharply but rebounds temporarily as much of the bad news takes some time to fully sink in.

This phenomenon is has been termed the "Dead Dog Bounce," based on the statement that "even a dead dog will bounce" if dropped from high enough. Here's an image of what this looks like:
[picture]
The Dead Dog Bounce is just a temporary recovery, however. The scenario is as follows: 1) the market drops sharply; 2) after an extreme downturn, the market recovers as some investors buy up what they consider to be "value"; 3) the market cannot make it all the way back up to where it started its down move, however, because the economy is nowhere near as healthy as it was; 4) the investors who have pulled their money out of the stock market or who have missed the recovery now jump back in, thinking the market is going back up; 5) since this has been a dead dog bounce, and therefore just a corrective rebound before the dead dog falls back down, many investors were tricked into thinking the recovery was underway - but the market enters the next phase of decline or recession. A double dip takes place.

Think of a tennis ball dropped from the top of a building: as it drops, it gains momentum, hits the ground, and bounces up - but the bounce can not be as high as its original point. And following that bounce, it will ultimately be pulled back down by gravity. So too the Dead Dog Bounce - the market drops from above, falls sharply, hits the "ground," bounces back up (but not as high), and ultimately falls back down.

[picture]

I bring the Great Depression up because it is one of the best examples of a Dead Dog Bounce. We often think of the Crash of 1929 as the biggest event of the Great Depression, and perhaps also consider it to be the biggest drop in the market. But that actually wasn't the case.

Here's how the Dead Dog Bounce played out in the Great Depression:

click to enlarge
[chart]
Following 17 years of sideways movement beginning, the market finally embarked on an uptrend from 1921 to the ultimate peak of 1929.

Compare the above chart to what we have recently seen in our market:
[chart]
Like the Dow from 1904 to 1921, the Dow of 1960 to 1983 was also stuck in a long sideways trend. It eventually broke out above the 1,000 level in 1983 and began one of the greatest bull markets we have ever seen. Like the 1929 top before the Great Depression, the 2007 peak marked the top before the Great Recession we find ourselves in. The two charts above look eerily similar, and make dismissing the relationship between the Great Depression and Great Recession almost a fool's move.

Now take a look at the 1929 stock market crash:
[chart]
After reaching a peak of 380+, the Dow tumbled to under 200 as the Crash of 1929 sent markets into a free-fall. Following the Crash, a Dead Dog Bounce took place - raising the market approximately 50 percent.

Compare the 1929-1930 Crash-Dead Dog Bounce scenario with what we have just seen:
[chart]
After a bull market from 2003 to the end of 2007, the Dow reached a peak of over 14,000. As the housing market collapsed, so did the stock market - sending the Dow below 6,500. As in the Dow of 1929-1930, a potential Dead Dog Bounce has followed since 2009 and continues until today.

The question remains - what followed the Dead Dog Bounce of 1929-1930, and will our market follow the same course?

Here's how it played out in 1930:
[chart]
The Crash of 1929 was almost negligible in comparison to the Great Depression that followed. The Crash sent the Dow tumbling from 380 to 200, and was followed by a Dead Dog Bounce which recovered over 50 percent of the Crash; but the real damage was done beginning in April 1930 and lasting until late 1932 - where the Dow toppled from nearly 300 to less than 50 - a loss of over 83 percent.

The Dead Dog Bounce in 1929 and 1930 was just a corrective overreaction to the steep plunge that the Crash of 1929 brought to the market. But as we can see, the Crash and the ensuing bounce were nothing compared to the huge drop that followed and carried through until the end of the Great Depression.

We now find ourselves in perhaps a similar situation - a market that saw a very impressive bull run for years, and reached a lofty top followed by a severe downturn in 2008 and early 2009. It has since shown signs of improving, and many investors and economists are optimistic for the future - thinking the worst is behind us. But with so many negative and potentially devastating issues constantly surfacing, are we just in the middle of a Dead Dog Bounce before reality sets in and the market plunges back down into recession? I do not yet know the answer to that question. But with the very strong similarities between our market and that of the Great Depression, it would be very wise to at least pay attention.

[picture]

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.’

] The earthquake and tsunami in Japan struck an area that accounts for only a small fraction of the country's economic activity, but damage could still run into the tens of billions of dollars.

Japan reeling after quake (Washington Post) [ Japan reeling, wall street rallying? … What’s wrong that picture? … Hello! … earth to wall street, reality calling … Can’t be good for oil prices, or the debt market (for u.s.) for starters … Who, Besides Ben Bernanke, Wants to Buy (u.s.) Bonds? [ Well, PIMCO just voted with their feet (they’re out of them) … Japansunami will preclude same (note: despite the dire implications for defacto bankrupt america owing to their costly reconstruction preoccupation … market suckers’ rally anyway to keep investors suckered and from getting any rational selling ideas over the weakend … you can do such things, especially into the close, with those computerized high frequency trade programs which are great for generating commissions from the old ‘in-out, in-out’, and then some … these days like last crash / crisis are made for such frauds.) … don’t go looking to china to take more baths, especially with that recent trade deficit of theirs. The answer is no-one! And, one can begin to see the fed’s reluctance to alow proper scrutiny of their books; beyond their complicity in the massive wall street frauds, cashed out with their help, there’s the worthless ‘paper on paper’ debacle just around the corner. ] A bulldozing tsunami leaves the country bracing for an epic humanitarian disaster.

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

In recent trading, the Dow and S&P were down about 1.3% each while the Nasdaq was off 1.5%.

Such lackluster action is likely to continue in the near term, followed by something much worse for the bulls, according to cycle watcher Charles Nenner of the Charles Nenner Research Center.

"We don't intend to go short right now," he says...with "right now" being the operative term.

The Price of Prognostication

A former market-timing consultant at Goldman Sachs, Nenner has been lauded here and other venues for some of his prescient calls in recent years, most notably:

-- Forecasting a Dow peak of 14,500 in the summer of 2006.
-- Predicting a "substantial drop" in housing in Aug. 2006.
-- Calling the market top in October 2007.
-- Forecasting in late 2007 a "deflation scare" would occur in 2008.
-- In February 2009, predicted a major rally would start "in a few weeks" and could take the S&P as high as 1000.

Hopefully Nenner's "Dow 5000" call will be similarly misplaced.

I point out these gaffes not to embarrass or make fun, but to remind viewers that to err is human and everything you see/hear should be taken with a grain of salt...assuming you're not already.

Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or email him at altask@yahoo.com’

Stocks for Brave Adults Only: Dave's Daily ‘Stock rallied in the afternoon led by oversold conditions and that's about it. You could argue those that could lifted some indexes over the breached 50-day moving average. But, with the NYMO at a -70 reading yesterday markets became quickly short-term oversold. Now many wondered with the catastrophe in Japan, U.S. stocks should not have risen. This is understandable and I got a lot of mail about this, but perversely, it may have been more important the Saudi Day of Rage was a nonevent--just ask Prince Alwaleed. Moreover, imagine the amount of reconstruction spending that follows these disasters. Bulls also felt the poor data Friday might lead to more QE from the Uncle Sugar. Markets can often be hard to understand and be hard-hearted at the same time. Retail Sales were okay but you have to wonder about it as "old news" while Michigan Consumer Sentiment dropped substantially. My favorite Fed official, William "have some Kool Aid" Dudley, got trashed as he tried to explain the "no inflation meme" to a crowd in Queens. It's pretty hilarious how he was called out…’

Modest Stock Gains During Friday Trading, But Losses for Week Midnight Trader ‘4:08 PM, Mar 11, 2011 -

NYSE up 55.56 (+0.7%) to 8,255.63
DJIA up 59.79 (+0.5%) to 12,044
S&P 500 up 9.17 (+0.7%) to 1,304
Nasdaq up 14.59 (+0.5%) to 2,716

GLOBAL SENTIMENT

Hang Seng down 1.55%
Nikkei down 1.72%
FTSE down 0.28%

UPSIDE MOVERS
(+) RCRC sold for $27.90 per share cash.
(+) VLO buying Chevron's (CVX) Pembroke Refinery.
(+) ANN beats with results, guidance, adds to buyback.
(+) ARMH rebounding from recent weakness seen on negative tablet note.
(+) TAYD seen gaining new business linked to quake.
(+) ORCL gains on analyst upgrade.

DOWNSIDE MOVERS
(-) ARO warns with guidance; downgraded.
(-) WCRX prices shares.
(-) TPLM prices shares.
(-) TWO continues evening decline that followed announced share offering.
(-) TDSC prices shares.

MARKET DIRECTION

Stock averages end with moderate gains after a volatile session Friday but will post more than 1% weekly losses. Wall Street joined its global counterparts in posting early sharp declines that followed a massive Japanese earthquake, but U.S. stocks scratched back into positive territory, including the reversal of an over 200-point morning Dow decline.

Wall Street gained in part as oil prices moderated amid uncertainty about a hit on demand from Japan, the globe's third largest energy consumer, and as anticipated protests in Saudi Arabia proved not as violent as feared.

Stocks fell sharply Thursday on weak economic news from China, the U.S. and Spain combined with a slump in oil company shares. All major averages are on track for weekly declines.

On Friday, crude oil finished down $1.54, or 1.5%, to $101.16 a barrel. In other energy futures, heating oil was down 0.58% to $3.0273 a gallon while natural gas was up 1.59% to $3.891 per million British thermal units.

Meanwhile, gold futures ended higher. Gold for April delivery finished up 0.71% to $1422.50 an ounce. In other metal futures, silver rose 2.73% to $36.025 a troy ounce while copper traded up 0.66% to $4.225. The U.S. dollar index (DXY) is down 0.67% to $76.76.

The worst earthquake in some 150 years hit off Japan's north coast Friday, registering a 8.9 magnitude. The quake triggered a 10-meter high tsunami and set off a domino-like series of tsunami alerts across nearly 20 countries on four continents, including Hawaii and the U.S. West Coast. Late in the U.S. trading session, reports hit saying that a new 6.1 magnitude quake hit near the city of Morioka.

The earthquakes hit transportation networks across Japan. The benchmark Nikkei 225 index closed down 1.7% at 10,254.43. Losses were posted all round Asia and Europe.

On the economic front, the Commerce Department reported that retail sales rose 1% in February, the biggest gain in four months.

The March University of Michigan/Reuters consumer sentiment index dropped to 68.2 from 77.5 in February. Economists polled by MarketWatch had expected a March reading of 75.8. Investors mostly shrugged off news that January business inventories rose 0.9%, beating expectations for a 0.8% rise, MarketWatch.com reports.

In company news, Aeropostale (ARO) fell sharply after issuing disappointing guidance late Thursday. The stock was downgraded by at least one firm this morning.

AnnTaylor (ANN) gained after reporting Q4 EPS of $0.19, two cents ahead of the Street view. Sales were $515.3 mln, in line with analyst estimates on Thomson Reuters. For Q1, the company expects sales to approach $510 mln, ahead of Street estimates of $488 mln. FY 2011 sales are seen at about $2.175 bln, vs. expectations of $2.116 bln. The company also announced its board approved the expansion of its stock repurchase program by an additional $200 million.

Oracle (ORCL) gained after it is reportedly initiated with an Outperform at BMO Capital.

Apple Inc. (AAPL) firmed. Apple's updated version of its iPad tablet hit online and in stores Friday.’

Sneaky Banks to Lay Foundation for Their Own Collapse

Welfare State: Handouts Make Up One-Third of U.S. Wages CNBC | Government payouts make up more than a third of total wages and salaries of the U.S. population.

Will The Japanese Earthquake Be The Straw That Breaks Europe’s Back? Zero Hedge | Japan will have no choice but to launch a mini round of Quantitative Easing. If an earthquake flips its wings in Japan, does the Eurozone go bankrupt, especially in the month when its most insolvent countries face billions in debt rollover requirements, tens of billions in maturity funding needs, even more in deficit funding requirements… and no cash?

Are The Prophets Of Doom Right About Major War, $200 Oil, $2000 Gold And Dow 5000 By The End Of 2012? Are the “prophets of doom” right? Is a major war going to erupt in the Middle East? Is the price of oil going to $200 a barrel? Is the price of gold going to hit $2000 at some point over the next two years?

Adjusted Monetary Base: Up, Up And Away Shortly Zero Hedge will present our quarterly analysis of the liabilities held by the shadow banking system.

(3-11-11) Dow 12,044 +60 Nasdaq 2,715 +15 S&P 500 1,304 +9 [CLOSE- OIL $102.86 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.51 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,417 (+24% for year 2009) / SILVER $35.83 (+47% for year 2009) PLATINUM $1,774 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.39% …..… 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

Chilling Account of Big Brother Society Infowars.com | Author Mark Dice details horrific scope of technological control grid.

Japanese Nuclear Meltdown Would Be Hundreds of Times Worse Than Chernobyl Kurt Nimmo | Radiation levels inside Fukushima Daiichi nuclear power plant are 1,000 times normal levels.

Justice Department: TSA Has Authority To Literally Strip Search People Steve Watson | Naked body scanners court case underway, throws up disturbing precedents

Global Warming Did Not Cause The Japanese Earthquake Paul Joseph Watson | BBC reporter spouts lies about “disappearing” South Pacific island to imply man-made climate change connection to devastating tsunami.

Videos Document Horrific Japanese Earthquake Infowars.com | The earthquake is one of the largest ever recorded.

Japan scrambles to avert radiation crisis at nuclear plant Reuters | Thousands of residents were evacuated from an area around a nuclear plant.

Huge tsunami kills hundreds in Japan, sweeps across Pacific Reuters | The biggest earthquake on record to hit Japan rocked its northeast coast on Friday.

Saudi Security Forces Flood Streets to Stop ‘Day of Rage’ Mail Online | Moderate Sunni Islamists and Shi’ite Muslims have joined forces to demand political change.

A Perfect Storm of GMOs, Chemicals and Cancer Rady Ananda | Several books lay out the framework for and evidence of a concerted effort to sicken and then treat humanity, while earning obscene profits.

Guatemalans to sue US government for secretly infecting them with syphilis Natural News | The US government deliberately infected roughly 700 Guatemalans with syphilis.

Second Japanese Nuclear Plant In Peril As Thousands Evacuated Japanese authorities on Saturday were racing to find ways to deliver new backup generators or batteries to a nuclear power reactor whose cooling facilities were crippled by a loss of power caused by the deadly earthquake and tsunami that hit Japan on Friday afternoon.

Global Warming Did Not Cause The Japanese Earthquake Just hours after the horrific earthquake and tsunami devastated coastal areas of Japan, global warming alarmists like the BBC are already injecting climate change propaganda into their coverage of the story, hastily exploiting the tragedy as a vehicle through which to push their increasingly desperate and discredited enviro-fascist agenda.

Justice Department: TSA Has Authority To Literally Strip Search People A government attorney has told federal appeals court judges that the Department of Homeland Security has the authority to literally strip search Americans inside airports if it determines that is the correct course of action to deal with “ever-evolving threats”.

REPORT: 88,000 People Are Missing In Japan Heartbreaking: While the death toll remains in the low hundreds right now (officially) it seems sure to spiral much higher. According to the Kyodo News Agency, via BBC, the official missing persons tally is around 88,000.

Ron Paul: No-fly Zone Over Libya Would be an Act of War On the House floor Thursday, Rep. Ron Paul pointed out that imposing a so-called no-fly zone on Libya would be illegal under international law and an act of war.

Japan Declares Nuclear Emergency After Devastating Earthquake The horrifying consequences of the biggest earthquake to hit Japan since records began are only just beginning to be discovered, with the tsunami that followed causing massive devastation and engulfing cities and airports, leading to the declaration of a nuclear emergency at the Fukushima No. 1 nuclear plant after efforts to cool malfunctioning reactor cores failed.

Saudi King Counters Protests With $36 Billion as Tension Mounts As unrest escalated across the Middle East, activists in Saudi Arabia demanded a political voice as well. Rather than promises of democracy, they got a $36 billion handout and a slap down from Islamic clerics.

Nato ‘kills cousin of Afghan President Hamid Karzai’ A relative of Afghan President Hamid Karzai has been mistakenly killed by Nato troops in southern Afghanistan, officials say.

Drudgereport: THE GREAT QUAKE OF JAPAN... 9.1 MAG CAUSES CHAOS... BBC LIVE... REUTERS LIVE MAPS, DETAILS... KYODO WIRE... NHK... Hundreds of bodies found... Thousands Missing, Feared Dead... Dam breaks, washes away homes... Agency: N American plate snapped upward... HUGE WHIRLPOOL CREATED... Thousands roam Tokyo streets... Cruise ship, entire train missing... Japan Rushes to Contain Damage...
'HOURS' TO PREVENT NUKE MELTDOWN
'MAY BE EXPERIENCING NUCLEAR MELTDOWN'
Quake's Magnitude Hiked to 9.1... Japan scrambles to ease pressure building inside two nuke plants...
...TOKYO POWER says temperatures falling back to normal at Reactor #3
...Meltdown threat remains for Reactor #1
Radiation at 1000X Normal...
LEAK...
Fuel Rods May Have Been Damaged...
Fears of THREE MILE ISLAND repeat...
'No immediate health hazard,' officials say -- while evacuating 45,000...
US Amb. to Japan Warns Americans to Evacuate...
US military DID NOT provide any coolant... Earlier, Hillary Clinton said Air Force 'assets' had been used to do so...

BRUSSELS WEEKEND: Broke euro countries plead for help... 18 GOP senators in Wisc report death threats after union vote...
UNIONS THREATEN BUSINESSES...
Iowa follows suit; House passes collective bargaining bill...

Obama says 'tightening noose' on Gadhafi...
Tripoli protest stamped out...
Berlusconi: West may have miscalculated...

Police flood Saudi capital, preventing 'Day of Rage'...

Saudi police open fire at protest (Washington Post) [ Time to revoke the saudi pass to do whatever please owing to their preposterous claim to all the oil wealth of the entire Saudi nation. 16 miles away, Saudi Arabia's watchful eye looms over Bahrain unrest (Washington Post) [ I’m sure they are… with a microscope at that. Saudis Worried Protests Will Hit Home - saudi arabia; talk about do nothing hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation; I suspect only when foreign corporations say so For the sake of the saudi Arabian people, more than just protests should come to fruition! ] AFP | Saudi royal warns Arab world uprisings could cause harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia effect; far less than democratic and far more deadly in the mideast among other places; talk about hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation as the saudis; time for the saudis to go the way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas canisters bombard sleeping protesters in Manama's Pearl Square. At least two men are reported killed Video: Bahrain protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice of America ‘Saudi Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to crack down on pro-democracy protesters who took to the streets in the capital Manama, a political analyst says. [`SAUDIS TOLD OBAMA 'NOT TO HUMILIATE MUBARAK'`

NATO troops kill Karzai's cousin in botched raid, Afghans say (Washington Post) [ ‘All the right moves’. Right, right, right! Righto!…Riiiiight! Winning those hearts and minds; or as Charlie Sheen would say … duh … winning! Whew! U.N. alarmed by surge in civilian casualties in Afghanistan (Washington Post) [ No, gates has already addressed that … minor setbacks, says he … Turmoil jars U.S. counter-terror efforts (Washington Post) [ Now how does this come as a surprise to anyone? Beyond america’s propaganda machine, orwellian england, etc., just how do think the war crimes, invasions, pillaging and plundering, and killing of innocent children, women, and men by pervasively corrupt, defacto bankrupt america et als for the sake of the u.s. military military complex are viewed by the rest of the world, and particularly the subject region. Euphemistically but realistically speaking, ‘not good’! … Gates says killing of Afghan boys a "setback" (Reuters) [Ah, yes, riiiiight! … that’s what it is, alright…just a setback…I see. ] Gates: US military to stay in Afghanistan US Defense Secretary Robert Gates, who is on a surprise visit to Afghanistan, says the American military should stay in the conflict-riddled country despite the rising human costs. Violent spring looming in Afghanistan (Washington Post) [ See … something to look forward to … must be that good news that keeps getting pushed back … and spring no less … everything bombing blooming or in war criminal american-speak … ‘booming’ … but not the defacto bankrupt american economy for which a crash is ‘looming’. Could somebody help me out with a translation of gates’ speech a west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ] American military officials expect that the Taliban will mount a campaign to regain ground lost to U.S. troops last year and use suicide bombing teams to strike at those associated with the Afghan government or coalition forces. ]

Krauthammer: What Social Security trust fund? (Washington Post) [ Fraud? Most assuredly! But breathtaking, shocking? Come on! Let’s get real here … paper iou’s (the ‘trust fund’) from pervasively corrupt, defacto bankrupt, perpetual warster america? I mean, REALLY (as they say on SNL-a joke)...This is the grim economic reality ( http://albertpeia.com/grimreality.htm ). In Senate's debt debate, talk isn't cheap (Washington Post) [ Oh, but it is cheap! Very cheap relative to the magnitude of the insurmountable debt … here’s an initial and astute vote of ‘no confidence’ … Drudgereport: `World's biggest bond fund dumps all U.S. debt...` Senate still wrangling over spending bill (Washington Post) [ Few signs of compromise on budget details (Washington Post) [ Come on … wake up! The cuts they’re quibbling over don’t even cover interest on the national debt! Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] Senate leaders delayed until Wednesday consideration of a bill to fund the government through Sept. .…. Top Economists: Trust is Necessary for a Stable Economy … But Trust Won’t Be Restored Until We Prosecute Wall Street Fraud Most policy makers still don’t understand the urgent need to restore trust in our financial system, or the need to prosecute Wall Street executives for fraud and other criminal wrongdoing ….. 'Gang of 6' takes deficit fight to public (Washington Post) [ Riiiight! I like that term, gang, as applied to capital hill. Indeed, without exaggeration or sarcasm I posit the realistic existence of government mob, relative to other mob designations as ie., mafia, irish mob, jewish mob, etc., based not on what they say they do but on what they actually do. That now corrupted supreme court of old’s test for obscenity; viz., ‘you know it when you see it’. And, haven’t we been seeing it for quite some time now; the corruption, the corruptibility, the lobbyists, the military industrial complex, the look the other way for the massive frauds on wall street, the bribes in one form or another before or after the fact? The ‘gangs’ should be shouldering the burden first, then come asking those who foolishly trusted them. Why Social Security is welfare (Washington Post) [ What does it matter what you call it? Part of america’s defacto bankruptcy? Most assuredly (I haven’t even looked at the Bloomberg propaganda piece which by its very title is an insult to intelligence; after all, we all know they can continue to print evermore worthless fiat currency which in reality does not change the ultimate reality of america’s defacto bankruptcy but merely exacerbates while forestalling a realistic assessment of the magnitude of the crisis. The fact is that there are others, culpable in creating this crisis who should be shouldering the burden first; ie., frauds on wall street via prosecution, fines, disgorgement; Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US Salary...$33,000 to $77,000. Maybe our elected officials should make an average salary too...It's a time of sacrifice after all...Pass along, post on your own page if you agree…’ ; SEC on the hot seat (Washington Post) [ Oooooh! The capital hill hot seat … shilling for no more than a grilling. House Republicans press SEC on official's ties to Madoff (Washington Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence … yet he’s in jail … and the only one … Boy, did mary shapiro become total b* s* fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s. government … joining the others: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b* s* ………all of the above, some of the above ……….. or is it something else …… here’s a hint - `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

Stocks sink amid new economic concerns (Washington Post) [New economic concerns? I don’t think so! The economic concerns certainly aren’t new: This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b*** s*** alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!But that money/prosperity’s truly down the crapper and into the hands of the ‘perps and friends’ … World's richest are almost $1 trillion richer ( And the other 95% trillions poorer.) … There’s never been a mystery here … just a massive fraud that despite the rhetoric has been purposefully overlooked and unprosecuted … : “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] Official opens an investigation into allegations that the agency mishandled potential conflicts of interest in its response to Madoff's Ponzi scheme.

]

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

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

http://www.scribd.com/alpeia

You may post a comment on my blog on any topic: http://alpeiablog.blogspot.com

Tuesday, March 15, 2011

March 14, 2011 posts

Business / Economic / Financial

This is the grim economic reality http://albertpeia.com/grimreality.htm . This manipulated bubble in this secular bear market based on b*** s*** alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Hacker Group Anonymous Brings Peaceful Revolution To America: Will Engage In Civil Disobedience Until Bernanke Steps Down The goal – engage in “a relentless campaign of non-violent, peaceful, civil disobedience” until Ben Bernanke steps down.

Update: Make That 15 Trillion; BOJ Raises Liquidity Injection To JPY12 Trillion ($146 Billion) Total reactionary panic everywhere now as the BOJ hikes the liquidity injection from 2 to 7 to 12 trillion yen.

Tokyo stocks drop 5% in first opening since quake Tokyo shares fell 5.2 percent on Monday in their first opening since Friday, when Japan was struck by the biggest earthquake in its history and a devastating tsunami.

Store shelves empty in Tokyo as uncertainty reigns Commuters and residents of the Japanese capital faced confusion and uncertainty on Monday over the supply of food and energy after Friday’s devastating quake and tsunami which crippled a nuclear power plant.

Third Reactor Explodes, Full Scale Nuclear Catastrophe Imminent Kurt Nimmo | Effort to cool reactor with seawater a failure.

Experts fear 3rd reactor explosion Aaron Dykes | A third explosion at the Fukushima plant may be imminent.

CIA Sends USAID to Japan to Manage Nuclear Disinfo Campaign Kurt Nimmo | Cover-up of the extent and severity of Japan’s multiple nuclear meltdowns is now underway.

Cover Up Of Fukushima Chain Reaction Underway Paul Joseph Watson & Steve Watson | True scale of nuclear crisis suppressed by Japanese authorities, aided by castrated and slavish mass media.

Tracking Page: Japan’s Nuclear Meltdown, Aftershocks & Fallout Infowars | Following Japan’s nuclear plant emergency with the latest updates.

Japan’s nightmare gets even WORSE: All THREE damaged nuclear reactors now in ‘meltdown’ at tsunami-hit power station The Japanese nuclear reactor hit by the tsunami went into ‘meltdown’ today, as officials admitted that fuel rods appear to be melting inside three damaged reactors.

Japanese death toll to far exceed 10,000 The death toll from the Japanese earthquake and tsunami is expected to exceed 10,000 as local and international rescue teams search through the ruins of north-eastern coastal cities for survivors of last Friday’s disaster.

TIME: Everything’s Tracked- Get Over It Aaron Dykes | In an astounding cover story,’ TIME tells readers to “get over” ubiquitous tracking.

Volcano in southern Japan erupts LA Times | A volcano in southern Japan began spewing ash even as the country struggled to recover from the catastrophic earthquake and tsunami.

U.S. West Coast in Path of Fallout Washington’s Blog | California is closely monitoring efforts to contain leaks from a quake-damaged Japanese nuclear plant.

Japan Fears Second Reactor Blast There is a risk of a second explosion at the quake-hit Fukushima power station, Japanese officials have said. However, chief cabinet secretary Yukio Edano said the facility could withstand the impact and the nuclear reactor itself would not be damaged.

U.S. West Coast in Path of Fallout “At present there is no danger to California. However we are monitoring the situation closely in conjunction with our federal partners,” Michael Sicilia, spokesman for California Department of Public Health, told AFP.

Radiation Increases as Cooling Systems Fail at Fukushima Plant in Japan Japanese officials battling to prevent a potential meltdown at a nuclear power station said an explosion was possible at a second reactor building after the plant’s cooling system failed.

Cooling at Sixth Reactor Fails Tokyo Electric Power Co. said Sunday another reactor of its quake-hit Fukushima nuclear power plants had lost its cooling functions, while at least 15 people at a nearby hospital were found to have been exposed to radioactivity.

Japanese Nuclear Meltdown Confirmed Infowars.com | As we accurately reported, the explosion at the Fukushima nuclear plant was the result of a nuclear meltdown of the reactor core.

Media Coverup of Massive Chernobyl Event Underway in Japan Kurt Nimmo | Media in Japan is not reporting this fact in order to prevent mass hysteria.

Piers Corbyn: Massive Japan Earthquake & Tsunami Were Triggered by Solar Action The Alex Jones Channel | Meteorologist and astrophysicist Piers Corbyn, talks with Alex about the Japanese tsunami.

US Contracting Tech Firms for Revolutions Tony Cartalucci | US shamelessly admitting to funding Middle East revolutions

] Higher down payments could be demanded by lenders, and the availability of long-term mortgages with fixed interest rates could be curtailed.

] The earthquake and tsunami in Japan struck an area that accounts for only a small fraction of the country's economic activity, but damage could still run into the tens of billions of dollars.

Adjusted Monetary Base: Up, Up And Away Shortly Zero Hedge will present our quarterly analysis of the liabilities held by the shadow banking system.

Chilling Account of Big Brother Society Infowars.com | Author Mark Dice details horrific scope of technological control grid.

Japanese Nuclear Meltdown Would Be Hundreds of Times Worse Than Chernobyl Kurt Nimmo | Radiation levels inside Fukushima Daiichi nuclear power plant are 1,000 times normal levels.

Justice Department: TSA Has Authority To Literally Strip Search People Steve Watson | Naked body scanners court case underway, throws up disturbing precedents

Global Warming Did Not Cause The Japanese Earthquake Paul Joseph Watson | BBC reporter spouts lies about “disappearing” South Pacific island to imply man-made climate change connection to devastating tsunami.

Videos Document Horrific Japanese Earthquake Infowars.com | The earthquake is one of the largest ever recorded.

REPORT: 88,000 People Are Missing In Japan Heartbreaking: While the death toll remains in the low hundreds right now (officially) it seems sure to spiral much higher. According to the Kyodo News Agency, via BBC, the official missing persons tally is around 88,000.

Ron Paul: No-fly Zone Over Libya Would be an Act of War On the House floor Thursday, Rep. Ron Paul pointed out that imposing a so-called no-fly zone on Libya would be illegal under international law and an act of war.

Saudi King Counters Protests With $36 Billion as Tension Mounts As unrest escalated across the Middle East, activists in Saudi Arabia demanded a political voice as well. Rather than promises of democracy, they got a $36 billion handout and a slap down from Islamic clerics.

Nato ‘kills cousin of Afghan President Hamid Karzai’ A relative of Afghan President Hamid Karzai has been mistakenly killed by Nato troops in southern Afghanistan, officials say.

] Official opens an investigation into allegations that the agency mishandled potential conflicts of interest in its response to Madoff's Ponzi scheme.

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This is the grim economic reality http://albertpeia.com/grimreality.htm . This manipulated bubble in this secular bear market based on b* s* alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!