Al Peia's Blog: April 20, 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 (Only up to 3-11-11-you must be logged in - (Washington Post) [ Comments COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on their site ) . The following is the cumulative archive of blog posts / topics for 2010 as the new year starts anew (and archived by quarter): http://albertpeia.com/December312010postsarchive.htm or PDF formatted version
http://albertpeia.com/December312010postsarchive.pdf ]

U.S., Europe step up efforts to aid Libya rebels (Washington Post) U.S. and its allies enter a new stage of involvement, sending assistance and advisers directly to opposition forces, who are still fighting to break Gaddafi’s grip. [ Ah! Riiiiight!…’new stage of involvement’ … so that’s what they’re calling it … I wonder what they called such … in Vietnam, etc.. Wow! And defacto bankrupt america / nato friends can really afford it! Total US Debt Now Officially Above The Ceiling Zero Hedge

Libya Proxy Cold War Between China & West? Many share the opinion that Washington is pursuing a larger goal than just regime change across the Arab world. RT crosses live to Brazil to speak to Asia Times correspondent – Pepe Escobar – about the role some countries are playing in the uprisings.

Libyan Rebels Fighting the Globalists’ War As the global corporate-financier oligarchs prepare the way rhetorically and logistically to send in the ground troops we were told would never set foot on Libyan soil, in a war that was only to last days, then weeks, but now over a month, the discernment, ambition, and true intentions of the Libyan rebels must be called into question. U.S. Credit Downgrade: A Game-Changer in Progress Alexandre 'We heard about the threat of a credit downgrade for an extremely long time, but it never occurred, and we became somewhat complacent about the issue. Now it’s here, although in its mildest form, and markets reacted in unexpected ways…’ The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! This is the grim economic reality [ http://albertpeia.com/grimreality.htm . Looking Like A Good Time To Sell Into Strength - Harding PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Drudgereport: Dollar Continues Slide...

$6 GAS BY SUMMER?
Federal Borrowing on Pace to Hit Debt Limit in Less Than Week...
BOOK TO REVEAL OBAMA'S TRUE IDENTITY?
HITS #2 AMAZON...

After years of research and digging by the nation's top private investigators, here it comes:

"WHERE'S THE BIRTH CERTIFICATE? The Case that Barack Obama is not Eligible to be President."
Missing Records in Hawaii, Missing Records in Kenya, Missing Records in Indonesia

"It's utterly devastating," reveals a source close to the publisher. "Obama may learn things he didn't even know about himself!"

Renewed Recession, Housing Bottom, and the Faux Chinese Luxury Bubble Adler, Winter, Krowne ]

Japan declares evacuation zone near nuclear plant (Washington Post) [ Wow! Sounds like a plan! … From the beginning, as I’ve written on my website, I’ve thought the catastrophic nature and impact of this disaster to have been underreported at the least … the Japanese uncharacteristically have adopted somewhat of a ‘if wishing could make it so’ tact in this sad crisis. Cesium 137 Threat Grows While Corporate Media Remains Mute The hereditary communist dictatorship in North Korea reports on the spread of radiation from the Fukushima nuclear plant, but it has all but fallen off the corporate media radar screen here. Monitoring stations across North Korea from April 11 to 17 detected iodine-131 and cesium-137 in the air above Wonsan in the southeast and Chongjin in the southeast, according to the country’s state-run media. According to the Los Angeles Times, seawater near the Fukushima nuclear complex was recently found to contain “iodine-131 at 7.5 million times the legal limit”.

Authorities in Japan recently upgraded the crisis at Fukushima to a “level 7″ nuclear disaster, and almost everyone is finally acknowledging that this crisis is as bad or worse than Chernobyl…’

Many now fear that vast portions of northern Japan may end up beinguninhabitable after all this is over. The health effects and the economic effects from this nightmare are going to be felt for the rest of our lives. Radiation Monitor in Richland Not Working Properly Air, water, and milk, the feds are watching closely for any spikes in radiation following the nuclear fallout in Japan. KEPR uncovered a flaw in the system. The air monitoring station in Richland isn’t working properly.

Japan Forces Top Official To Retract Prime Minister’s Comments That Fukushima Permanently Uninhabitable Chief Cabinet Secretary Yukio Edano has apologized to the public over media reports about the long-term inhabitability of areas around the Fukushima Daiichi nuclear plant.

Groundwater radiation level at nuke plant rises: TEPCO The concentration levels of radioactive iodine and cesium in groundwater near the troubled Nos. 1 and 2 reactors at the Fukushima Daiichi nuclear power plant have increased up to several dozen times in one week, suggesting that toxic water has seeped from nearby reactor turbine buildings or elsewhere, Tokyo Electric Power Co. said Thursday. ]

Tech firms’ optimism fuels markets Companies not only reported strong profits but also raised their expectations for the future. (Washington Post) [ They’re dreamin’. Sounds like the dot com b*** s*** bubble, along with america’s now defacto bankruptcy. The earnings are totally manipulated; a combination of ever more worthless, overprinted fiat currency to prop the ever more worthless paper stocks for the churn-and-earn fraud; FASB rule change fraud-prone manipulation; illusory currency translation profits; etc.. High oil / worthless dollar (currency translation) / manipulated earnings rally … sounds like a real pervasively corrupt, defacto bankrupt american plan! ‘…natural resource plays provided an afternoon lift…’ …Riiiiight! You can’t make this stuff up, you really can’t. How totally pathetic! ]
America Is a Failed State Because It Won’t Prosecute Financial Crime grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler ( I quite agree … overvalued to the hilt in this new manipulated bubble … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' ) Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... potential ramifications of this are astounding . Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble markets have now surpassed the 1929 peak valuation by over 8%.

[chart http://static.seekingalpha.com/uploads/2011/4/12/saupload_q_ratio_thumb1.png ]

… bubbles turn a believable story/trend into an overvaluation. In the 1700s during the South Sea Bubble...Railroading prospects induced a bubble in the late 1800s ... In the 1920s, a bubble

today? The prospect of inflation? High unemployment?

... the market is stretching this reversion greater than 2000 and 2007!

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009.

· The extended (and then further extended) unemployment benefits have kept an artificially higher demand for consumer consumption. As a result, the US government has artificially subsidized corporate profits.

· The billions saved through “free loading” by homeowners who have defaulted on their mortgages yet maintained their residence, thus living without a mortgage payment.

· The artificially suppressed interest rates.

a valuation bubble, earnings on which the projections are based are non-sustaining... same overvaluation situation as a few years ago … nothing fixed ...']

Obama likes Facebook (Washington Post) And Facebook likes Obama. [ I believe Mr. Milbank has found a fit … a group that like him, is totally full of sh! Now I can see people shunning the republicans … but for a 3rd party candidate which is more real a possibility than most can imagine. But ‘wobama the b’ (for b* s***)? How totally embarrassing for facebook across the board; and, though previously neutral, I’m now constrained to dislike facebook (you couldn’t place comments or even reply – I tried – totally ‘set to music’, controlled, contrived – how pathetic. Barack Obama: The Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘…He has been covertly funded and supported ever since by the Trilateral Commission and its network of foundations connecting into the Ford Foundation, for whom Obama's mother worked... Does anyone really believe that someone, a 'man of the people', would simply appear from apparently nowhere to run the slickest and best-funded presidential campaign in American history? He was chosen long ago by those who wish to enslave the very people that Obama says he wants to 'set free'. The sources of Obama funding read like a Wall Street Who's Who - Goldman Sachs, UBS, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan Chase, Morgan Stanley, and so on. No wonder he went back on his pledge to accept the limitations of public funding … Soros, the multi-billionaire associate of Brzezinski and closely involved with the funding and marketing of Obama…a major insider' …Obama is just more of the same, a big smile with strings attached, and controlled completely by the Illuminati networks that chose him, trained him, sold him and provided his record funding. It was they who kept his many skeletons under wraps, like the gay sex and crack cocaine allegations of Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), and they will continue to do so as long as he jumps to their bidding. Obama is just another Banksters' moll prostituting himself for fame and power, and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. His financial advisors are straight from the Wall Street 'A' list, … Another Wall Street insider, the Zionist Timothy Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was appointed by Obama to be his Treasury Secretary, a former employee of both the Council on Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team locks into the inner circle around the Zionist Robert Rubin, Citigroup, co-chairman of the Council on Foreign Relations, and economic advisor to Obama. Rubin, ..Illuminati Bilderberg Group, was the man behind Citigroup's strategy of expanding its risk in debt markets which forced it to be rescued by taxpayers' money. The very people who caused the financial crisis are being appointed by Obama to decide how to respond to it (more taxpayers' money for them and their friends) `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 ...’ Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

]

Obama seeks friends for deficit plan (WP) Obama ramps up his criticism of the Republican budget: “radical”/“not courageous” at Facebook. [Obama likes Facebook (WP) Facebook likes Obama - Mr. Milbank has found a fit - a group that like him, is totally full of sh! I can see people shunning the republicans … but for a 3rd party candidate which is more real a possibility than most imagine. But ‘wobama the b’ (for b* s***)? How embarrassing for facebook; though previously neutral, I’m now constrained to dislike facebook (you couldn’t place comments or reply – I tried – totally ‘set to music’, controlled, contrived – how pathetic. Barack Obama: The Naked Emperor Shocking but true revelations from David Icke

High oil / worthless dollar (currency translation) / manipulated earnings rally … sounds like a real pervasively corrupt, defacto bankrupt american plan! ‘…natural resource plays provided an afternoon lift…’ …Riiiiight! You can’t make this stuff up, you really can’t. How totally pathetic! ]
America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler ( I quite agree … overvalued to the hilt in this new manipulated bubble … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' ) Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... the cause and the potential ramifications of this are astounding. . According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble. [chart http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png ]

Exhibit 2: The Q ratio, which measures total market value compared to its replacement cost.

The Q-ratio data in the chart below dates back to 1900. According to the data, the markets have now surpassed the 1929 peak valuation by over 8%.

What is the story today? The prospect of inflation? High unemployment?

Exhibit 3: The gap between projected 12-month earnings against the 10-year average

... the market is stretching this reversion greater than 2000 and 2007!

[chart http://static.seekingalpha.com/uploads/2011/4/12/saupload_gap_between_12_month_average_thumb1.png ]

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009.

· The billions saved through “free loading” by homeowners who have defaulted on their mortgages yet maintained their residence, thus living without a mortgage payment.

· The artificially suppressed interest rates.

So, not only do we have a valuation bubble, but the earnings on which the projections are based are non-sustaining... same overvaluation situation as a few years ago … nothing fixed ...'

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! ‘ .

Lawyer charged with insider trading (Washington Post) [ Come on! Just enough for a few headlines so people think they're actually doing something. They could (but don't) bring a case as this or other wall street crime against a different wall street liar (sic lawyer) / fraud in that corrupt sinkhole new york (metro, ie., jersey, conn., etc.) every single day and bearly touch the tip of the iceberg. Is anybody foolish enough to think what goes on there is legitimate? Remember, still no pros for the huge debacle / fraud precipitatin the last and continuing economic / financial crisis. Chemist charged with insider trading (WP) [ This remains incredulous to me. Everyone but the big boys / frauds! The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! This is the grim economic reality [ http://albertpeia.com/grimreality.htm . Looking Like A Good Time To Sell Into Strength - Harding PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows 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). SEC: Wachovia cheated investors (WP) [ I truly can see decreasing the apple weighting, and increasing the oracle (open office, etc.), google (ubiquitous) weighting, but increasing dyingosaur microsoft weighting … I don't think so … something's gone awry here that smacks of desperation and an attempt to circumvent the visual effects on the nasdaq of a post-jobs apple, viz., over-priced apple sauce. Isn't that just like the frauds on wall street … to pad the nasdaq bubble based on a 1-stock story, and manipulate when that 1-stock story falls to earth! April Is a Good Time to Sell [ I quite agree … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' Adler ]

U.S. Credit Downgrade: A Game-Changer in Progress Alexandre 'We heard about the threat of a credit downgrade for an extremely long time, but it never occurred, and we became somewhat complacent about the issue. Now it’s here, although in its mildest form, and markets reacted in unexpected ways.

With the exception for the Japanese yen, every major currency dropped on the news that the S&P had downgraded the U.S.'s credit outlook from positive to negative while maintaining the AAA rating. Certainly a downgrade from the much-coveted high rating wouldn’t take place without a generous warning, and the U.S. government deserved the “shot across the bow.” If nothing else, the negative outlook is a wake-up call to get our fiscal house in order. But one thing is certain: Market dynamics have changed.

[Click to enlarge]

http://static.seekingalpha.com/uploads/2011/4/19/765325-130325009045926-Carlos-X--Alexandre.png

U.S. Treasuries and the dollar rallied as if a celebration was taking place, and at least two factors were in play. First, as a “carry trade” currency, the dollar benefited from a knee-jerk reaction from short positions in view of potential higher rates. But the second reason was less apparent: Whether one likes it or not, the broad thinking goes that if the U.S. triple A rating is in jeopardy, there’s no safety anywhere.

U.S. Credit Default Swaps jumped to 49.42 (priced in euros), a level that is still lower than it was in late January, around the time when the S&P downgraded Japan to AA- from AA. However, government debt continues to escalate despite some well-touted yet meaningless spending reductions, which are the equivalent of reducing an individual’s annual bread consumption by one slice a year.

On the historical day when the U.S. received its first negative outlook ever, what other countries in this global village joined the Credit Default Swap sinking party? Just about everyone, as the table below demonstrates, showing the eight highest increases on April 18, courtesy of CMA. Even China’s CDS cost went up 2.25% to 73.16. To varying degrees, this is a global disease.

Entity Name	5 Yr Mid	Change (%)	Change (bps)	CPD (%)
United States of America	49.42	+19.21	+7.96	4.30
Italy	159.20	+10.97	+15.74	13.16
France	78.60	+10.14	+7.23	6.80
Sweden	27.19	+9.88	+2.44	2.40
Greece	1332.06	+9.04	+110.43	65.76
Spain	253.31	+8.70	+20.28	20.18
Austria	67.13	+8.29	+5.14	5.82
Poland	154.01	+8.20	+11.67	10.45

But before we jump up and down and start saying “I told you so” about the upcoming American meltdown, please be mindful that if such an event was to occur, the reverberations would be felt around the globe. The so called “American Empire” would be the first climber on the side of a steep cliff to fall, dragging every other climber attached to the same rope. And that is what the markets told us.

The quantity of debt by itself does not establish risk. It’s the ability to service the debt that raises eyebrows, and the U.S. has a trump card that is mostly absent in other countries, especially at this juncture. As economically hurtful and as unwelcome as it will be, the U.S. has the ability and the room to raise taxes. Although we wish that our government was an efficient enterprise, it is still less of a burden on society than in the majority of other countries.

The influence of the dollar goes well beyond the reserve status, and in addition to the perceived and largely accepted safety status, global economies have developed with the dollar as its foundation.

Could it change? Certainly, but the currency cannot be abandoned without repercussions, and simplistic views that America is doomed and everyone else will rise are just that: Simplistic.

A Reuters article gathered a few opinions:

"One of the reasons why the U.S. dollar is still the reserve currency is the lack of other options, and in two years there may still be no other options," said Tom Simons, a money market economist at Jefferies & Co. in New York. If the dollar did weaken, it could boosts export sales of U.S. manufacturers, but also put upward pressure on inflation by making imports more expensive.

"While still a remote risk, the possibility of the U.S. losing its AAA rating could result in a wholesale abandonment of dollar assets and would potentially destabilize the entire global economy," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington.

Raising taxes and reducing spending to resolve our government’s debt issues does not happen in a vacuum. Real people with real lives are directly affected by both tactics, and that is the reason why the solution to our financial ills will trigger unpopular side effects – no “ifs” or “buts” about it.

It’s a no-brainer: Lower government spending and higher taxes cut directly into consumption that will affect private companies and real people. And the global community is not immune, either. Politicians are now under the gun to implement both approaches, and "headline-pleasing" moves are no longer an option. All the S&P did was to get the race going by starting the stopwatch.

Mark Hulbert wrote an article for MarketWatch which started by saying, “Here’s another entry for 'Ripley’s Believe It Or Not',” referring to the fall in treasury yields after the S&P downgrade.

This comes as such a surprise because, other things being equal, a ratings downgrade should lead investors into demanding higher yields to compensate them for the greater risk of default.

But “other things” are not equal, and simplistic linear analysis hardly holds the answer. The markets are still digesting the current situation, and players are formulating strategies without the benefit of a historical point of reference -- although some will yank some parallels that will prove of little help in this framework. The dollar resumed its fall the day after and treasuries still rose, providing lower yields while US CDS dropped a bit to 47.43. Lastly, there is no other security as big and as liquid as U.S. Treasuries.

Time to rethink investment strategies, especially for long-term investors.'

[$$] Watch for the Next Moment of Weakness

Greenback Reverses Gains Boosting Commodities and TIPs

Energy stocks ride $111 oil to higher close

Drudgereport: Dollar Continues Slide...

$6 GAS BY SUMMER?
Federal Borrowing on Pace to Hit Debt Limit in Less Than Week...

Renewed Recession, Housing Bottom, and the Faux Chinese Luxury Bubble Adler, Winter, Krowne ' The Wall Street Examiner’s Lee Adler, Russ Winter of Winter Watch, and Aaron Krowne of the Mortgage Lender Implode-o-meter focus their discussion this week on whether the data pointing to continued recovery are real or illusory, whether a housing bottom is in, signs of collapse in the luxury bubble, and the Fed being caught between a rock and a hard place.

Here’s what we covered in Part 1:

· Corporate income taxes are weak but better than our last look

· Consumer Metrics show renewed recession, weak retail

· Uptick in house listing prices points to interest rate and housing price bubble … technical outlook says final top approaching ...'

Here’s Why Existing Home Sales Were Up in March wallstcheatsheet '... Noteworthy Stats: Distressed homes – typically sold at discounts in the vicinity of 20 percent – accounted for a 40 percent market share in March, up from 39 percent in February and 35 percent in March 2010 ...'

Short-Term, High-Probability Mean-Reversion Indicator: TBT Moves Into an Extreme State Crowder 'It has been a strange few weeks in the market.

We had several trading days of strong resistance in the S&P 500 (SPY) and have basically sold off since the beginning of earnings season. Is it me, or does the market almost seems too predictable at the moment.

Will the market truly be this simple to predict over the coming months?

I am certainly not claiming to have the magic crystal ball, but at the moment, the market just feels heavy and tired.

With the old Wall Street adage about to grace us with its seasonal presence, I feel like we have seen the highs for a while. I expect to see a decent decline during the summer doldrums, which I think will offer a very good buying opportunity over the long-term. We could see a few gaps close that were created months ago. I to plan to discuss the gaps in an upcoming weekly newsletter edition stay tuned. There just isn’t enough room here.

However, I am not overly concerned with the long-term, at least in my strategy. I only want to take advantage of short-term high-probability set-ups created by a variety of extremes in the market.

This is one of the reasons that led me to options. Options, when used in the proper way, allow you to profit from bullish, bearish or sideways price action. It truly doesn’t matter.

Over the coming months, in my free weekly newsletter, I plan to speak more about various options strategies and how to apply them to current market conditions.

Believe me, I have a few favorites, including credit spreads, iron condors and other premium selling strategies that I often use with my favorite strategy – the HP-MR strategy.

Short-Term High-Probability, Mean-Reversion Indicator – as of close 4/19/11

http://static.seekingalpha.com/uploads/2011/4/20/saupload_4_19_20_hpmr.png '

Standard & Poor’s Outlook for U.S. Karen De Coster | Three largest rating companies failed to downgrade the obvious: failing insurance companies.

Max Keiser Documentary On Irish Eco Hell Max Keiser, in his typical engaging and florid style, has released the first part of a documentary focusing on economic collapse hotspots offshore.

The Fed Is Not There To Solve Your Problem Many banks are insolvent, yet are allowed to stay in business. Being allowed to keep two sets of books is obscuring their real estate loan problems.

Jim Rogers Comments On Triple Digit Silver And Issues Warning: “Parabolic Moves Always Collapse” Jim Rogers commented on the recent move by the University of Texas to take delivery of $1 billion in gold, saying the decision is long overdue, and has only occurred because everyone else is now buying thereby taking metal out of circulation.

$50 Silver — The Price Point of Liberty $50 dollar silver is the first sign of blue sky after a devastating storm. It’s the morning-after sunshine bringing people out of hiding and together again for the process of rebuilding with the promise of a new start.

(4-20-11) Dow 12,453 +186 Nasdaq 2,803 +57 S&P 500 1,330 +17 [CLOSE- OIL $111.92 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.82 (reg. gas in LAND OF FRUITS AND NUTS $4.20 REG./ $4.30 MID-GRADE/$4.40 PREM./ $4.54 DIESELL) / GOLD $1,505 (+24% for year 2009) / SILVER $45.68 (+47% for year 2009) PLATINUM $1,802 (+56% for year 2009) Metal News for the Day / DOLLAR= .69 EURO, 82 YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 3.43% …..… 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 The bull market that never was/were beyond wall street b.s. when measured in gold ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net 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

Missing Records in Hawaii, Missing Records in Kenya, Missing Records in Indonesia Drudge Report | Book to reveal Obama’s true identity?

Study Reveals Eco Bulbs Cause Cancer Paul Joseph Watson | Americans will be forced to use CFLs that contain poisonous carcinogens after government ban on traditional light bulb begins to take effect in January.

Government Orders Expedited Printing of Detainee Handbook Kurt Nimmo | Considering the history of FEMA and the government, it does not take a lot of imagination to speculate on the contents of the handbook.

Censored Video: Alex Jones Joins the New World Order The Alex Jones Channel | The pressure has finally got to Alex.

Gold Breaks $1,500 as Oil Prices Climb Kurt Nimmo | Spot gold traded at $1,505.21 as a hedge against a tumbling dollar.

Damning New Study: Eco Bulbs Cause Cancer A damning new study conducted by German scientists has found that so-called energy saving light bulbs contain poisonous carcinogens that could cause cancer and should be “kept as far away as possible from the human environment,” but Americans will be forced to replace their traditional light bulbs with toxic CFLs ahead of a government ban set to take effect at the start of next year.

Cesium 137 Threat Grows While Corporate Media Remains Mute The hereditary communist dictatorship in North Korea reports on the spread of radiation from the Fukushima nuclear plant, but it has all but fallen off the corporate media radar screen here. Monitoring stations across North Korea from April 11 to 17 detected iodine-131 and cesium-137 in the air above Wonsan in the southeast and Chongjin in the southeast, according to the country’s state-run media.

Book To Reveal Obama’s True Identity? The street date is a LONG month away, and author Jerome Corsi, the man who torpedoed John Kerry’s presidential dreams with SWIFT BOAT, has gone underground and is holding his new findings thisclose. “It’s utterly devastating,” reveals a source close to the publisher. “Obama may learn things he didn’t even know about himself!”

iPhone Keeps Record of Everywhere You Go Security researchers have discovered that Apple’s iPhone keeps track of where you go – and saves every detail of it to a secret file on the device which is then copied to the owner’s computer when the two are synchronised.

Censored Video: Alex Jones Joins the New World Order The pressure has finally got to Alex. He has decided to implement a new “Employee Meal Plan”. Watch as he and crew use absurdity to point out the absurd with the current federal nanny state.

Cops Use Mobile Scanner To Steal Cellphone Data From Innocent Americans If there was a scintilla of doubt as to whether Americans are living in a predatory police state, then this story completely eviscerates it. Michigan state police have been using a handheld mobile forensics device to steal information from cell phones belonging to motorists stopped for minor traffic violations.

Drudgereport: Dollar Continues Slide...

$6 GAS BY SUMMER?
Federal Borrowing on Pace to Hit Debt Limit in Less Than Week...
CANTOR: No more borrowing without major cuts, reforms...
OBAMA'S DEFICIT REDUCTION PLAN 'FALLS SHORT'
Agency/NASA loses (stolen) large amounts of high-tech equipment; Vanished...
Calls GOP proposal 'radical'...
BOOK TO REVEAL OBAMA'S TRUE IDENTITY?
HITS #2 AMAZON... ' BOOK TO REVEAL OBAMA'S 'TRUE' IDENTITY?
Wed Apr 20 2011 10:35:52 ET

**Exclusive**

This year's high stakes publishing project quietly went to press this week, the DRUDGE REPORT has learned.

After years of research and digging by the nation's top private investigators, here it comes:

"WHERE'S THE BIRTH CERTIFICATE? The Case that Barack Obama is not Eligible to be President."

MORE

The street date is a LONG month away, and author Jerome Corsi, the man who torpedoed John Kerry's presidential dreams with SWIFT BOAT, has gone underground and is holding his new findings thisclose.

"It's utterly devastating," reveals a source close to the publisher. "Obama may learn things he didn't even know about himself!"

MORE

Does Corsi definitively declare the location of Obama's birth?

Will the president's attorneys attempt to interfere with the book's distribution? [The publisher vows to vigorously fight any legal action that may be taken.]

Will the book finally -- once and for all -- put an end to the growing controversy?

Or will it just ignite new ones!?

"When Donald Trump said he sent PIs to Hawaii to get to the bottom of all this, he meant this book," declares an insider.

[THE CASE ranked #1,341 on AMAZON's hitparade late Wednesday morning.]

Developing... '

Obama faces fundraising test in California (Washington Post) [ Test? You mean intelligence test for those Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool me twice, shame on me’. Now frauds on wall street got value for their bribes; viz., no prosecution of their continuing nation-destroying frauds, yet cleaning up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part. Certainly Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The worst part of it ...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 ( what do holder and wobama have in common … wall street money? … a proclivity for jive-talking / b*** s*** ?...all/some of the above … or is it something else ... . UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. I mean, what can he do for the siliconeheads? … act like some communist country and buy their sh**ty, unreliable, dysfunctional technology? ] The president will woo big-money donors this week in California in the first test of whether he can renew support from the entertainment and high-tech industries that helped him win in 2008. There have been some signs that fervor for Obama in Hollywood and Silicon Valley has ebbed.

S&P unmoved by U.S. entreaties (Washington Post) [ You really have to shake your head and wonder … The audacity, given the blatantly precarious (I'm being euphemistically kind) state of u.s. finances; viz., defacto bankruptcy. You have to give Standard & Poor’s credit here for not succumbing to the schmooze among fairly presumed other pressures; particularly from the ultimate, stereotypically fitting jive-talker, 'wobama the b' (for b*** s***). If anything, they should be faulted for being remiss in not so doing much earlier. Indeed, most financially attuned individuals, including yours truly have as Atlas, shrugged and with a yawn say, tell us something we don't know. Well, I will tell people now what they don't want to know; namely, they're just not going to get it done! It's all too little, too late. Moreover, absent prosecution, fines, jail and disgorgement first from the (continuing, complicit) frauds on wall street, it should not be done. It should be noted that very smart money, PIMCO, already sold off there once very large stake in u.s. treasuries. ] Obama looks to reassure on debt [ Come on! Who'd be foolish enough to believe anything 'wobama the b' (for b*** s***) says? ] So, not only do we have a valuation bubble, but the earnings on which the projections are based are non-sustaining... same overvaluation situation as a few years ago … nothing fixed ...'

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! ‘ .

The Obama administration privately urged Standard & Poor’s in recent weeks not to lower its outlook on the U.S. — a suggestion the ratings agency ignored.

China’s $3 trillion dilemma (Washington Post) [ Pervasively corrupt, defacto bankrupt america would love to have such a dilemma. And yet, China, already burned, stands to inevitably get burned in a very big way owing to imprudently large stakes in american debt. It should be noted that very smart money, PIMCO, already sold off there once very large stake in u.s. treasuries. Obama looks to reassure on debt (WP) Come on! Who'd be foolish enough to believe anything 'wobama the b' (for b* s*) says? ]

High oil / IBM worthless dollar (currency translation) rally … sounds like a real pervasively corrupt, defacto bankrupt american plan! [ YAHOO [BRIEFING.COM ] :‘…natural resource plays provided an afternoon lift…’ …Riiiiight!
America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler ( I quite agree … overvalued to the hilt in this new manipulated bubble … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' ) Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... the cause and the potential ramifications of this are astounding. . According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble. [chart http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png ]

the markets have now surpassed the 1929 peak valuation by over 8%.

http://static.seekingalpha.com/uploads/2011/4/12/saupload_q_ratio_thumb1.png ]

… bubbles turn a believable story/trend into an overvaluation. In the 1700s during the South Sea Bubble...Railroading prospects induced a bubble in the late 1800s ... In the 1920s, a bubble ...

http://static.seekingalpha.com/uploads/2011/4/12/saupload_gap_between_12_month_average_thumb1.png ]

growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009.

· The billions saved through “free loading” by homeowners who have defaulted on their mortgages yet maintained their residence, thus living without a mortgage payment.

· The artificially suppressed interest rates.

Afghan veteran is called elsewhere (Washington Post) [ Is Mr. Jaffe dreaming here? Indeed, in looking away from the headline momentarily the image persisted and the latter part of the sentence became ‘he leaves with depth of experience few can DREAM OF’. Yes, dream, as in nightmare; as in death, destruction, pillaging and plundering for no good reason at all. I’ve previously said that beginning with clinton and on, all honorable, capable military brass either resigned or retired. Make no mistake, if large scale heroin production / distribution is the experience alluded to, then that otherwise preposterous statement would ring true. The Afghanistan campaign is unequivocally a disastrous self-destructive, nation bankrupting conflict for Afghanistan and the respective defacto bankrupt nato members. ! This is the grim economic reality [ http://albertpeia.com/grimreality.htm . Looking Like A Good Time To Sell Into Strength - Harding PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows 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). In sum, who’d want to match or emulate that ‘depth of experience’. After all, how low can you go? Over the past decade, the wars in Iraq and Afghanistan have cost U.S. taxpayerswell over a trillion dollars.

So what have we gotten in return for a trillion dollars?

In Afghanistan, we haven’t even found the one man we supposedly went there to look for – Osama Bin Laden… set up a good form of government, right?

Oh yeah, we set up a really wonderful government. For example, they recently arrested a one-legged Afghan Red Cross worker and sentenced him to death for converting to Christianity…

The same thing is true in Iraq. Yeah, we may have gotten rid of Saddam, but the nation is now in far worse shape than before we went in…’ The End Of An Empire And The Beginning Of A Depression Since the end ofWorld War 2, the United States has been the leading military power and the leading economic power on the entire globe. Those days are done! By The American Dream These are a far cry from the brightest bulbs on the planet. ] As Lt. Gen. David M. Rodriguez departs theater, he leaves with depth of experience few can match.

Loan Sharks Rejoice - Greece 2-Year Notes at 20% !

[video]Trader: S&P Downgrade A Game Changer NEW YORK (TheStreet) -- Ben Willis of Sunrise Securities is rethinking his portfolio after the downgrade from S&P.

Infographic: Easiest Way to Fix a Windows, Mac, or Linux Computer [ Yeah! ‘american technology’ (not really american anymore and that’s the positive, value-part of the equation) is really all that bad / overrated / overvalued. I believe most are afraid to admit that owing to an insecure fear that they’ll be pegged as among the ranks of the ubiquitous ‘computer illiterate’ (beyond the bells and whistles interface). But such is foolishness because ‘american technology’ is all that … BAD. …Really … bad news … kind of in the realm of that brilliant GM strategy of ‘planned obsolescence’ so they’d sell more cars as you’d need new cars to replace the shoddy old cars … sounds like … a defacto bankrupt american plan! Yet, fraud’s become pervasively corrupt america’s strongest suit. Day in, day out on wall street, that’s really what it is in the final analysis; viz., a huge, government-protected (through bribes, one way or another, and that ‘insecurity thing’ concerning their finance / economics illiteracy) foisted scam / fraud. I surprised these ‘american companies’ are still in business … including intel (they’re all wintel machines now, and they should know better). ]

Interest on National Debt is Biggest Projected Problem, Not Healthcare

Standard & Poor’s Outlook for U.S. Karen De Coster | Three largest rating companies failed to downgrade the obvious: failing insurance companies.

Total US Debt Now Officially Above The Ceiling Zero Hedge

Rand Paul: Spending cuts must include Pentagon Washington Times | Military spending will have to be cut if the country is going to get its debt problems under control.

Marc Faber: The Dollar’s Value In The Future Will Be Zero Dr. Marc Faber spoke with CNBC this morning about currency markets, notably the recent movements in the euro, global long-term position in the dollar, and the rise of gold and silver.

Economic Woes Created By Elitists Behind The Scenes Europe continues to struggle from one problem to another. The euro has been strong only because the dollar has been weak. The governments of Greece, Ireland, Portugal and Spain continue their balancing acts on the edge of a financial precipice.

Is There a Financial Scam Behind the Rise in Oil and Food Prices? The global economy and its recovery, and the living standards of millions of plain folks, are now at risk from the sudden rise in oil and commodity prices.

(4-19-11) Dow 12,266 +65 Nasdaq 2,745 +9 S&P 500 1,313 +7 [CLOSE- OIL $108.67 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.82 (reg. gas in LAND OF FRUITS AND NUTS $4.20 REG./ $4.30 MID-GRADE/$4.40 PREM./ $4.54 DIESELL) / GOLD $1,497 (+24% for year 2009) / SILVER $44.26 (+47% for year 2009) PLATINUM $1,779 (+56% for year 2009) Metal News for the Day / DOLLAR= .69 EURO, 82 YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 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 The bull market that never was/were beyond wall street b.s. when measured in gold ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net 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

UK Sends In Troops As Ground Invasion Of Libya Accelerates Paul Joseph Watson | Pretext for deeper intervention required as globalist Al-Qaeda-backed rebels being soundly trounced by Gaddafi forces.

Alex Jones On EU Ground Invasion Of Libya Infowars.com | Alex Jones addresses the cynical, pre-planned announcement by the EU to officially launch ground forces in Libya.

Mother “Considering All Options” After TSA Groped Six Year-Old-Daughter Steve Watson | Parents say they have not ruled out legal challenge to “dangerous” TSA policies.

Obama Takes to the Road as Economy Begins Final Descent Kurt Nimmo | Obama to sell cutting granny’s Medicare while remaining silent on cutting the financing of the endless wars of the global elite.

Budget Cuts are Meaningless Without Fed Transparency Ron Paul | Recently the Fed was forced to reveal some details of loans given out during the financial crisis of 2008 and they are truly shocking.

Gold Tops $1,500 on Outlook for Escalating U.S. Debt, Dollar Gold futures rose to a record $1,500.50 an ounce as U.S. debt concerns weighed on the dollar, boosting demand for the precious metal as an alternative investment.

UK Sends In Troops As Ground Invasion Of Libya Accelerates Unleashing yet another deft salvo of Orwellian doublespeak, the British government announced today that it would be sending in military forces to “help” Libyan rebels while still insisting that it is not sending in military forces, as the EU gears up to dispatch a further 1,000 troops, also under the dubious pretense of preventing humanitarian suffering.

G. Edward Griffin: The Collectivist Conspiracy In this exclusive 80 minute video interview for Prison Planet.tv subscribers, legendary conspiracy author G. Edward Griffin explains how his research, which spans no less than 5 decades, has revealed a banking elite obsessed with enforcing a world government under a collectivist model that will crush individualism and eventually institute martial law as a response to the inevitable backlash that will be generated as a result of a fundamental re-shaping of society.

Libya vows to fight any foreign troops on its soil, rebuffs E.U. proposal The Libyan government on Tuesday firmly rebuffed a proposal from the European Union, saying it would fight any foreign troops that landed on its soil, even if they were supposedly there to escort humanitarian aid convoys.

UN-believable: Who sanctioned Gaddafi out? Russia’s Foreign Minister has joined the criticism of NATO’s strategy in Libya. The alliance wants Colonel Gaddafi out, and is supporting the rebels with aid and air strikes. But Sergei Lavrov says toppling Gaddafi is not sanctioned by the United Nations.

Pretext For War On Libya Proven Fraudulent By Casualty Figures As the EU prepares to invade Libya with ground troops under the contrived pretext of “humanitarian aid,” Texas University Professor Alan J. Kuperman highlights the fact that the entire justification behind the NATO-backed aggression has been proven fraudulent by casualty figures that clearly indicate Gaddafi has not deliberately targeted civilians.

War for Oil? Why, Yes, It Was Back in the heady, heated days before the invasion of Iraq, one of the quickest ways to be relegated to the margins of the debate was to claim that the financial interests of politically connected oil companies played any role in the considerations of the great statesmen of the West as they confronted the global menace of Saddam Hussein.

Send to a friendSarah Palin: Don't pick on Donald Trump Politico - ‎Even though Donald Trump has wholeheartedly embraced the wall-to-wall media coverage that's come with his promotion of the widely discredited “birther” issue, Sarah Palin argued Tuesday that the press is treating him ... Trump's business success claims questioned CBS News ‘…Trump hotels and casinos in Atlantic City have filed for bankruptcy protection three times. While Trump blamed market forces, he has long been chairman of the board for the casino businesses.In his defense, Trump said he "didn't run the company." Isikoff then asked why he was paid $2 million per year to chair the board of that business. Trump replied: "Excuse me. Because I'm a genius, okay."Trump said many different businesses license the use of his name, but he's not directly involved in their operations.Casinos have not been the only weakness in the Trump empire. There have been many high profile bankruptcy filings, bad real estate deals, and a trail of ongoing lawsuits accusing him of bad business practices.Another questionable move was "Trump University," an online, for-profit business education firm. The attorney general in Texas ordered him to stop using the word "university" in its title. Trump said his company was unaware of restrictions on the use of that word.Isikoff also said he asked Trump if he thought the state of Hawaii was lying in regards to Obama being born there, and he did not answer the question. In summation of his experiences that qualify him to be President of the United States, Trump told Isikoff: "My successes...have been vast. I don't even view myself as having failures, and I certainly learned from things that don't work out as well." ‘ As Trump rants, TV ratings slide Tampabay.com

Drudgereport: Debt Hits New High: $14.3 Trillion...
GOLD: $1,500 FOR 1ST TIME...
China warns US to protect creditors...
US hurries to sell GM stake...
More than $11B loss for taxpayers...
Brits join ground fight in Libya...
Military advisers to aid rebels...
Iran Considering Crackdown on Dog Ownership...[ I once had the unfortunate occasion to have witnessed an adult, pedigree german shepard take a dump on the floor and lap it up like it was the greatest, most delicious treat in all the world … how totally disgusting … a cat would never, never do that! ]

Forecast for Fed: No change (Washington Post) [ Well, what did you expect … after all, insanity has been described by some as doing the same thing over and over again and expecting a different result … and we all know that nothing succeeds like failure in america (and frauds, the fraudulent wall street crimes / bailouts, etc.) … and the 'no-recession' fed's been great ... for fraudulent wall street … The End Of An Empire And The Beginning Of A Depression .. US has been the leading military.. and ..economic power on the entire globe. Those days are done!

The American Dream 4-16-11 'Since the end of World War 2, the United States has been the leading military power and the leading economic power on the entire globe. The U.S. has had the largest economy in the history of the world, the U.S. dollar has been used by nearly all of the nations on earth as a reserve currency and the U.S. military has had a physical presence in most of the countries on the planet. Today, the U.S. military is in approximately 130 different nations and it has a total of about 700 military bases around the world. But just like the Roman Empire, the U.S. empire has become overextended and it is starting to decline. Most of our politicians believe that we can continue to “police the world” and project our power to every corner of the globe, but the more we meddle the more the rest of the world hates us and the worse our financial problems get. America is now swamped with debts and our influence is fading. The truth is that what we are witnessing is the end of an empire and the beginning of a depression.

Over the past decade, the wars in Iraq and Afghanistan have cost U.S. taxpayerswell over a trillion dollars.

So what have we gotten in return for a trillion dollars?

In Afghanistan, we haven’t even found the one man we supposedly went there to look for – Osama Bin Laden. ..

But at least we got rid of the Taliban and set up a good form of government, right?

Oh yeah, we set up a really wonderful government. For example, they recently arrested a one-legged Afghan Red Cross worker and sentenced him to death for converting to Christianity.

Fortunately there was enough of an international outcry that Said Musa was not hung, but the fact that the Afghan government wanted to string him up is enough to show that we have completely failed over there.

The same thing is true in Iraq. Yeah, we may have gotten rid of Saddam, but the nation is now in far worse shape than before we went in.

Before the war Christians felt safe in Iraq. Now large numbers of them are fleeing Iraq as fast as they can. More than 80 Iraqi Christians were recently beheaded on a single day. All the Christians were trying to do was attend a church service...

Now .. a 3rd war in the MidEast...' ]

Robinson: Take Donald Trump seriously (Washington Post) [ Riiiiight! For Mr. Robinson an oft times wobama apologist whom I have invariably found to be but a disingenuous shill for what could be described in the absence of a better term, the black lobby, a trump candidacy would be a dream come true. Drudgereport: RASMUSSEN: Obama 49% Trump 34%... Yet, where is the objective analysis of wobama's betrayal of that very block among others, yet, you know, based on skin color alone, they will vote for wobama. Indeed, it is an inconvenient truth that I have found blacks to be as racially prejudiced based on skin color alone as any other race. UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. Cohen: Donald Trump, the comeback huckster (WP) [On the other hand is the zionist shill Mr. Cohen who in his startling revelation states 'back in 1990, Ivana Trump told her divorce lawyer Michael Kennedy that “from time to time, her husband [Donald Trump] reads a book of Hitler’s collected speeches, ‘My New Order,’ which he keeps in a cabinet by his bed.” This information, which comes from a startling 1990 Vanity Fair profile of Trump …' . I must say that beyond his corrupt, mob related / type activities detailed on my web site, trump was 'naziish' in his dog-pack, bully mentality (sinkholes jersey/new yorkster). Certainly Steve Wynn who now successfully does business in Macau / Vegas can attest to same. To be sure, trump is a mental case … but, so is wobama … but, then again, mental illness is rife in pervasively corrupt, meaningfully lawless, defacto bankrupt america.

Roche 'The worst part of it ...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 ( what do holder and wobama have in common … wall street money? … a proclivity for jive-talking / b*** s*** ?...all/some of the above … or is it something else ... ]

S&P lowers its outlook on U.S. debt (Washington Post) [ My sentiments as artfully written by Dave: Reality Bites: Dave's Daily 'First, why do we depend on these fee-conflicted rating agencies who have dropped the ball repeatedly? Answer: because there are no other non-fee conflicted rating (ratting?) agencies that have also made serious mistakes. Is there something from S&P today regarding U.S. debt we didn't already know? Hardly, so no Black Swan here. We've just been on an "extend and pretend" path to see how much money we can make before "the you know what" hits the fan. And, for all we know denial will continue and we could close this week higher as we shrug this off as something "down the road". As we enter a short week, and with markets already weak from the get-go, the S&P outlook for U.S. debt as "negative" blind-sided investors. Markets sold-off sharply but then recovered much of the damage late which should surprise given the pervasive dip buying mentality. Bonds initially sold-off then rallied (the down the road mentality) while commodities were mixed with energy falling despite a cut in crude oil output by the Saudis while precious metals and grains higher. The dollar rallied off its critical support as investor's repatriated money, not necessarily to safe parking, but maybe to cover some margin calls. Some believe, and I have no credible information on this other than chatter, the Fed is selling puts on U.S. debt to pin interest rates lower. That's an interesting strategy and could consume an entire posting and then some. Earnings were posted for Citigroup(C _) and given all the adjustments, accounting games and what not, reported lower than expected revenues but beat earnings expectations by penny. The stock was flat and the reverse split will be coming shortly along with the symbolic penny dividend. The market remains extraordinarily manipulated. Note the headline DJIA ("the window dressing for the tourists") reclaimed the 50-day moving average. Volume was much higher on the sell-off as stops routinely get hit on these event-type days. As you would expect, breadth per the WSJ, was clearly as negative as you would expect. ' ]Agency warns status as world’s most secure economy could be lost if lawmakers don’t rein in debt.

[Suckers' rally into the close off lows for no reason at all but to keep the suckers suckered. But this tact, and the not good news is not news which though true for quite some time, has been conveniently ignored by the frauds on wall street: YAHOO [BRIEFING.COM] '...sell-off came as a culmination of concerns stemming from speculation about debt restructuring for less fiscally responsible eurozone nations like Greece, Ireland, and Portugal and news that analysts at S&P lowered their outlook on U.S. debt to Negative...']

Economy is battering Obama in the polls (Washington Post) [ As indeed should be the case; yet, I'm constrained to say that I doubt that polls by Zogby, Rasmussen, Gallup would be as kindly / generous to 'wobama the b' (b* s*) as the WP / ABC poll based on what he has done though promising not to do, and what he has not done though promising to do. Quite simply, you can't trust a word he says. In light of that reality, including the dire circumstances, in terms of pervasive corruption, defacto bankruptcy of the nation, financial, economic, political, geopolitical concerns, missteps, realities, a 'roll of the dice' with a new president is without risk; and hence, rational. ]

Pelosi, far from the helm (Washington Post) [ Oh come on! Mr. Milbank's once again starting to sound like a political school-child; and, embarrassing himself quite profusely as he does so. Indeed, making excuses for wobama is intellectually and journalistically dishonest. After all, wobama came in riding the wave of discontent with the easiest act in history to follow; viz., the undeniably failed presidency of war criminal / moron dumbya bush. Make no mistake, he ran on exactly that. Yet he's done the same (as bush), even as he similarly (as did bush) have the short-lived (for good reason) benefit of 'control' of both houses of congress. He had a mandate to do what he promised to do and didn't. Unbridled war spending continued in that new debacle called Afghanistan, no pros of the frauds on wall street, and on top of that, some excess spending of his own. Pelosi was, is a joke as they've all become, with 'wobama the b' (for bs) the biggest joke. He's really no more than a stereotype without any credibility whatsoever. He is pathetic; which, derivatively makes Mr. Milbank pathetic in making excuses for this morass of absolutely nothing, who stands for absolutely nothing, that nothing being 'wobama the b' (for bs) . No excuses … all wobama! Obama seeks spending cuts, taxes on wealthy (WP) [ Too little, too late for 'wobama the b' (for b* s*) ! After all, though contraindicated, he previously extended the war criminal, moron bush tax cuts to what is now realistically perceived as 'their base' (that top 1 percent). Wobama has no credibility whatsoever, wars and all. He's just plain done! Liberals worry Obama has given up ground (WP) [ Worried? Given up ground? Are they kidding? Is this some parallel universe they're operating in? Come on! Wake up! Wobama's done! Finito! He's been and is an abject failure as president; both by what he's done as not promised and not done as promised, viz., perpetual wars and overspending, etc., and no prosecutions of the frauds on wall street, etc., respectively. He is incompetent, a total failure, and an embarrassment to the presidency as was his predecessor. Drudgereport: RASMUSSEN: President hits new low

Lawmakers seize on S&P outlook (Washington Post) [ Ah! So reassuring! I mean, come on! There's no mystery here. I'd even say at this point the u.s. debt has become an insurmountable problem having come in the form of too little, too late. Budget passes, but conservatives let down (Washington Post) The compromise touted as cutting $38.5 billion would actually only cut $352 million this fiscal year, an analysis says. While that didn’t prevent the budget from passing, it could sour some Republicans. [ Come on! This 'budget deal' was a showboating scam ab initio … Davis gets this right: 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! ‘ . Obama seeks spending cuts, taxes on wealthy (WP) [ Too little, too late for 'wobama the b' (for b*** s***) ! After all, though contraindicated, he previously extended the war criminal, moron bush tax cuts to what is now realistically perceived as 'their base' (that top 1 percent). Wobama has no credibility whatsoever, wars and all. He's just plain done! Liberals worry Obama has given up ground (WP) [ Worried? Given up ground? Are they kidding? Is this some parallel universe they're operating in? Come on! Wake up! Wobama's done! Finito! He's been and is an abject failure as president; both by what he's done as not promised and not done as promised, viz., perpetual wars and overspending, etc., and no prosecutions of the frauds on wall street, etc., respectively. He is a total failure and an embarrassment to the presidency as was his predecessor. He's totally incompetent with an innate predilection to 'zig when he should zag' … 'wobama the b' (for b*** s***) is pathetic! Quite simply, for wobama, it's too late! … Drudgereport: RASMUSSEN: President hits new low Taxpayers foot $850M bill for Wall St.’s pension fees NY Post | New York City taxpayers are helping to pay $850 million in Wall Street investment fees. ]

Suckers' rally into the close off lows for no reason at all but to keep the suckers suckered. But this tact, and the not good news is not news which though true for quite some time, has been conveniently ignored by the frauds on wall street: YAHOO [BRIEFING.COM] '...sell-off came as a culmination of concerns stemming from speculation about debt restructuring for less fiscally responsible eurozone nations like Greece, Ireland, and Portugal and news that analysts at S&P lowered their outlook on U.S. debt to Negative...'

Reality Bites: Dave's Daily 'First, why do we depend on these fee-conflicted rating agencies who have dropped the ball repeatedly? Answer: because there are no other non-fee conflicted rating (ratting?) agencies that have also made serious mistakes. Is there something from S&P today regarding U.S. debt we didn't already know? Hardly, so no Black Swan here. We've just been on an "extend and pretend" path to see how much money we can make before "the you know what" hits the fan. And, for all we know denial will continue and we could close this week higher as we shrug this off as something "down the road". As we enter a short week, and with markets already weak from the get-go, the S&P outlook for U.S. debt as "negative" blind-sided investors. Markets sold-off sharply but then recovered much of the damage late which should surprise given the pervasive dip buying mentality. Bonds initially sold-off then rallied (the down the road mentality) while commodities were mixed with energy falling despite a cut in crude oil output by the Saudis while precious metals and grains higher. The dollar rallied off its critical support as investor's repatriated money, not necessarily to safe parking, but maybe to cover some margin calls. Some believe, and I have no credible information on this other than chatter, the Fed is selling puts on U.S. debt to pin interest rates lower. That's an interesting strategy and could consume an entire posting and then some. Earnings were posted for Citigroup(C _) and given all the adjustments, accounting games and what not, reported lower than expected revenues but beat earnings expectations by penny. The stock was flat and the reverse split will be coming shortly along with the symbolic penny dividend. The market remains extraordinarily manipulated. Note the headline DJIA ("the window dressing for the tourists") reclaimed the 50-day moving average. Volume was much higher on the sell-off as stops routinely get hit on these event-type days. As you would expect, breadth per the WSJ, was clearly as negative as you would expect. '

Gannett's newspaper ad woes drag down 1Q earnings (AP) [ My experience with them is such that they should be out of business! ]

S&P threatens to cut U.S. credit rating on deficit (Reuters)

Super rich see federal taxes drop dramatically (AP)

Wall Street falls on sovereign fears (Reuters) - S&P threatens to cut U.S. credit rating on deficit (Reuters) - Citi profit sags as revenue shrinks, expenses grow (Reuters) - Texas Instruments misses forecasts, blames Japan (Reuters) - Eliot Spitzer Wants Attorney General Eric Holder To Prosecute Goldman Sachs Right This Second - America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted.

The End Of An Empire And The Beginning Of A Depression Since the end ofWorld War 2, the United States has been the leading military power and the leading economic power on the entire globe. Those days are done!

The American Dream April 16, 2011 'Since the end of World War 2, the United States has been the leading military power and the leading economic power on the entire globe. The U.S. has had the largest economy in the history of the world, the U.S. dollar has been used by nearly all of the nations on earth as a reserve currency and the U.S. military has had a physical presence in most of the countries on the planet. Today, the U.S. military is in approximately 130 different nations and it has a total of about 700 military bases around the world. But just like the Roman Empire, the U.S. empire has become overextended and it is starting to decline. Most of our politicians believe that we can continue to “police the world” and project our power to every corner of the globe, but the more we meddle the more the rest of the world hates us and the worse our financial problems get. America is now swamped with debts and our influence is fading. The truth is that what we are witnessing is the end of an empire and the beginning of a depression.

Over the past decade, the wars in Iraq and Afghanistan have cost U.S. taxpayerswell over a trillion dollars.

So what have we gotten in return for a trillion dollars?

In Afghanistan, we haven’t even found the one man we supposedly went there to look for – Osama Bin Laden. It defies comprehension how a man with a really bad kidney disease can hide in caves and evade the most powerful military on earth for nearly a decade.

But at least we got rid of the Taliban and set up a good form of government, right?

Oh yeah, we set up a really wonderful government. For example, they recently arrested a one-legged Afghan Red Cross worker and sentenced him to death for converting to Christianity.

The same thing is true in Iraq. Yeah, we may have gotten rid of Saddam, but the nation is now in far worse shape than before we went in.

Now we are involved in a third war in the Middle East. Even though Libya was no threat to the United States, Obama felt compelled to stick our nose into a chaotic civil war.

Now it looks like our involvement in Libya could last for a very, very long time.

In a joint op-ed piece in the New York Times, Barack Obama, David Cameron and Nicolas Sarkozy declared that NATO military operations in Libya will not end until there is a regime change….

However, so long as Qaddafi is in power, NATO must maintain its operations so that civilians remain protected and the pressure on the regime builds. Then a genuine transition from dictatorship to an inclusive constitutional process can really begin, led by a new generation of leaders. In order for that transition to succeed, Qaddafi must go and go for good.

So exactly who are we “helping” in Libya?

It turns out that we are providing “air cover” for many of the same people who were shooting at our troops in Iraq.

Yes, you read the correctly.

According to The Telegraph, the leader of the Libyan rebels is even admitting that his “troops” include jihadists that were firing bullets at U.S. troops in Iraq….

Abdel-Hakim al-Hasidi, the Libyan rebel leader, has said jihadists who fought against allied troops in Iraq are on the front lines of the battle against Muammar Gaddafi’s regime.

What type of government do you think they are going to set up once this is over?

And all of this meddling is turning the rest of the world against us in a big way.

Most Americans don’t realize just how much hatred there is for America in the rest of the world. There are millions upon millions of people out there that now hate us with every fiber of their beings, and every time we bomb someone else world opinion turns against us even more.

Sadly, our meddling goes well beyond the three wars we are currently fighting. The truth is that the U.S. military is actively “conducting operations” in dozens of different countries.

For example, most Americans don’t even realize what the U.S. is doing in Pakistan.

How would you like it if a foreign power was conducting missile attacks inside the United States over the objections of our national leaders?

Well, that is what we are doing in Pakistan and we are going to continue even though Pakistani officials are adamantly objecting.

According to AFP, the CIA intends to continue conducting operations in Pakistan no matter what the Pakistani government says….

The Central Intelligence Agency has no plans to suspend “operations” in Pakistan against terror suspects despite objections from leaders in Islamabad, a US official said Thursday.

This approach to foreign policy is absolutely foolish. Attempting to have an “iron grip” on the rest of the world is only going to cause the rest of the world to deeply hate us and deeply resent us. We like to think of ourselves as “do gooders” but most of the rest of the world considers us to be tyrannical. Eventually the rest of the world will lash out at us.

In addition, maintaining our vast empire is bankrupting us.

As I have written about previously, U.S. military spending is wildly out of control. The truth is that U.S. military spending is greater than the military spending of China, Russia, Japan, India, and the rest of NATO combined.

The United States already accounts for 46.5% of all military spending in the world. China is next with only 6.6%.

Just one day of the war in Afghanistan costs more money than it took to build the entire Pentagon.

So will reducing military spending solve all of our financial problems?

Of course not.

In fact, if you eliminated every penny of military spending we would still have a gigantic budget deficit.

And that is another reason why our empire is dying.

The United States has the biggest debt problem in the history of the world.

Right now the U.S. government is over 14 trillion dollars in debt. Our debt is increasing by over 2 million dollars every single minute.

Our politicians are running up the national credit card as if there will never be any consequences.

But a very serious day of reckoning is coming, and when it arrives the rest of the world is not going to be in the mood to help us.

It is being projected that by 2021, the U.S. will be paying $1.1 trillion a year just in interest on the national debt.

So how big is a trillion dollars?

Well, if you were alive when Jesus was born and you spent a million dollars every single day since then, you still would not have spent a trillion dollars by now.

Our national debt is now at a tipping point. A recently revised IMF policy paper entitled “An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?” projects that U.S. government debt will rise to about 400 percent of GDP by the year 2050.

So what are our politicians doing about it?

Nothing.

During the last election, the Republicans made a “pledge” to the American people to cut $100 billion from the 2011 budget if they were elected.

Then once they got in they told us that $61 billion would be enough.

Then John Boehner gave in and agreed to cut the 2011 budget by only $38.5 billion.

Well, now it turns out that even the $38.5 billion figure was not even real.

According to the Congressional Budget Office, the “budget deal” will only slash $352 million (with an “m”) from the 2011 budget.

That is less than one percent of the $38.5 billion figure that was announced.

No wonder so many Tea Party activists are now declaring that John Boehner must go.

In the end, our politicians do not intend to do anything about our runaway debt.

The Democrats will shut down the government rather than allow serious cuts to social programs or entitlements.

The Republicans will never allow serious cuts to the military and they are pushing for even more tax cuts.

So how in the world is U.S. government debt ever going to be brought under control?

The sad news is that it is not going to be. It is just a matter of time before a great U.S. debt crisis strikes.

But the U.S. is not the only one with a debt crisis.

The European debt crisis just seems to get worse with each passing month. The bonds of several European nations have been significantly downgraded in recent weeks.

According to the Wall Street Journal, Moody’s actually downgraded Irish debt by two levels on Friday….

Moody’s Investors Service Inc. downgraded Ireland’s government debt by two notches Friday, taking the country to the brink of junk status, and kept its outlook negative.

Things are getting scary.

Bond yields all over Europe are going through the roof.

A year ago, the yield on 10-year Portuguese bonds was hovering around 5%. On Friday it reached 9.0%.

A year ago, the yield on 10-year Irish bonds was also generally in the neighborhood of 5%. On Friday it closed at 9.7%.

But that is nothing compared to what is happening to Greek debt. On Friday, the yield on 10-year Greek bonds skyrocketed to an astounding 13.83%.

Yes, a depression is getting a little bit closer every single day.

Things don’t look good in Asia either. Prior to the recent tsunami, the Japanese economy was the third largest economy on the entire globe.

But there are now very serious questions about whether or not Japan will ever fully recover from what has just happened.

The mainstream media has been really downplaying the economic damage that has been done to Japan, but eventually the truth will become clear. In a previous article, I contended that this was essentially a “death blow” for the Japanese economy….

The tsunami that struck Japan on March 11th swept up to 6 miles inland, destroying virtually everything in the way. Thousands upon thousands of Japanese were killed and entire cities were wiped off the map. Yes, Japan is a resilient nation, but exactly how does a nation that is already drowning in debt replace dozens of cities and towns that are suddenly gone? The truth is that thousands of square miles have been more completely destroyed than if they had been bombed by a foreign military force. The loss of homes, cars, businesses and personal wealth is almost unimaginable. It is going to take many years to rebuild the roads, bridges, rail systems, ports, power lines and water systems that were lost. Nobody is quite sure when the rolling blackouts are going to end, and nobody is quite sure when all of the damaged manufacturing facilities are going to be fully brought back online.

If all that wasn’t bad enough, the nuclear crisis at Fukushima just seems to get worse by the day.

According to the Los Angeles Times, seawater near the Fukushima nuclear complex was recently found to contain “iodine-131 at 7.5 million times the legal limit”.

Authorities in Japan recently upgraded the crisis at Fukushima to a “level 7″ nuclear disaster, and almost everyone is finally acknowledging that this crisis is as bad or worse than Chernobyl.

Many now fear that vast portions of northern Japan may end up beinguninhabitable after all this is over. The health effects and the economic effects from this nightmare are going to be felt for the rest of our lives.

But even if all of the things above were not happening, the rapidly rising price of oil could potentially be enough to push the world into a depression. The entire global economy is predicated on the ability to consume gigantic amounts of very cheap oil. Nobody has ever been able to prove that the global economy can continue to function normally if the price of oil stays above $100 a barrel for an extended period of time.

When oil goes up, people start staying home. Certain types of economic activity become unprofitable. The cost of transporting all goods increases. The amount of money being transferred out of the U.S. economy and into the hands of oil barons soars.

The average price of a gallon of gasoline in the United States is now $3.81. It is about a dollar higher than it was at this time last year.

If the price of oil stays where it is right now, the global economy can probably handle it, at least for a while. However, if it explodes up to $150 or $200 a barrel it is going to unleash hell on world financial markets.

The world is becoming a very unstable place. The U.S. empire is crumbling and the global financial system is on the verge of a nightmare.

Hopefully the rest of 2011 will not be as eventful as the first part has. We could use some global peace and stability for a while. Unfortunately, that is probably not going to be the case.'

Shock employment figures: Fewer than 46% of Americans have jobs The percentage of Americans who have jobs has fallen to the lowest point in three decades and now hovers just above 45 percent of the total population, according to an analysis of labor data published by USA Today.

Al Peia's Blog

Thursday, April 21, 2011

April 20, 2011 Posts

Business / Economic / Financial

Energy stocks ride $111 oil to higher close

$50 Silver — The Price Point of Liberty $50 dollar silver is the first sign of blue sky after a devastating storm. It’s the morning-after sunshine bringing people out of hiding and together again for the process of rebuilding with the promise of a new start.

Gold Breaks $1,500 as Oil Prices Climb Kurt Nimmo | Spot gold traded at $1,505.21 as a hedge against a tumbling dollar.

The Obama administration privately urged Standard & Poor’s in recent weeks not to lower its outlook on the U.S. — a suggestion the ratings agency ignored.

Marc Faber: The Dollar’s Value In The Future Will Be Zero Dr. Marc Faber spoke with CNBC this morning about currency markets, notably the recent movements in the euro, global long-term position in the dollar, and the rise of gold and silver.

Economic Woes Created By Elitists Behind The Scenes Europe continues to struggle from one problem to another. The euro has been strong only because the dollar has been weak. The governments of Greece, Ireland, Portugal and Spain continue their balancing acts on the edge of a financial precipice.

Is There a Financial Scam Behind the Rise in Oil and Food Prices? The global economy and its recovery, and the living standards of millions of plain folks, are now at risk from the sudden rise in oil and commodity prices.

UK Sends In Troops As Ground Invasion Of Libya Accelerates Paul Joseph Watson | Pretext for deeper intervention required as globalist Al-Qaeda-backed rebels being soundly trounced by Gaddafi forces.

Alex Jones On EU Ground Invasion Of Libya Infowars.com | Alex Jones addresses the cynical, pre-planned announcement by the EU to officially launch ground forces in Libya.

Mother “Considering All Options” After TSA Groped Six Year-Old-Daughter Steve Watson | Parents say they have not ruled out legal challenge to “dangerous” TSA policies.

Obama Takes to the Road as Economy Begins Final Descent Kurt Nimmo | Obama to sell cutting granny’s Medicare while remaining silent on cutting the financing of the endless wars of the global elite.

Budget Cuts are Meaningless Without Fed Transparency Ron Paul | Recently the Fed was forced to reveal some details of loans given out during the financial crisis of 2008 and they are truly shocking.

Gold Tops $1,500 on Outlook for Escalating U.S. Debt, Dollar Gold futures rose to a record $1,500.50 an ounce as U.S. debt concerns weighed on the dollar, boosting demand for the precious metal as an alternative investment.

Libya vows to fight any foreign troops on its soil, rebuffs E.U. proposal The Libyan government on Tuesday firmly rebuffed a proposal from the European Union, saying it would fight any foreign troops that landed on its soil, even if they were supposedly there to escort humanitarian aid convoys.

Now .. a 3rd war in the MidEast...' ]

Shock employment figures: Fewer than 46% of Americans have jobs The percentage of Americans who have jobs has fallen to the lowest point in three decades and now hovers just above 45 percent of the total population, according to an analysis of labor data published by USA Today.

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