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 ]
U.S. Financial System Still "Fundamentally Corrupt," Kotlikoff Says: Here's How to Fix It ‘We have a "fundamentally corrupt financial system" and the Dodd-Frank reform bill did nothing to change it, says Boston University economics professor Laurence Kotlikoff. "Relatively little has changed except there are going to be more federal regulators who are probably going to miss major problems." At the core of the 2008 crisis was "the production and sale of trillions of fundamentally fraudulent securities," Kotlikoff says, suggesting all levels of society participated in the fraud -- including homeowners. At the center of it all were financial intermediaries (a.k.a. Wall Street) who packaged and sold "snake oil under the guise of proprietary information" to limit or eliminate disclosure, and enabled by corrupt rating agencies, regulators and elected officials, he says. In the accompanying video, Kotlikoff explains how we can "make Wall Street safe for Main Street." In short, we should transform all financial companies with limited liability (banks, hedge funds, private equity firms and insurance companies alike) into mutual funds, which the professor describes as "little banks that have 100% capital requirements. " Notably, the big mutual fund companies survived the "financial earthquake" of 2008-09 when the rest of the financial system collapsed, Kotlikoff recalls. In late 2009, Kotlikoff and Harvard's Niall Ferguson penned an op-ed for The FT describing a blueprint for how to take moral hazard out of banking. Citing a speech by Bank of England governor Mervyn King, Kotlikoff and Ferguson called for "limited purpose banking" (LPB), that would "limit banks to their legitimate purpose - financial intermediation and payment facilitation." Nine months later, Kotlikoff remains convinced this "very simple reform" remains a much better alternative than the financial reform bill hammered out in Washington - with plenty of influence from Wall Street lobbyists. "We are rebuilding [the system] out of straw rather than out of brick," Kotlikoff says, suggesting his "LPB" proposal will ultimately be good for the economy and provide a model for the rest of the world. "If we have a safe, sound [financial] structure other countries will follow suit," he says.’
Stocks Crushed AGAIN: Here's What You Need To Know From The Business Insider All-around ugly. The close was especially bad. But first, the scoreboard:
- Dow: -134
- NASDAQ: -36
- S&P 500: -15.5
And now, the top stories:
* The day really started last night when the WSJ dropped its big story about the Fed being divided on the proper course of action. The report sent jitters throughout the markets, both because the future is uncertain, but also because it revealed that several of the Fed governors aren't actually seeing the economic deterioration being seen by market participants.
* The Nikkei started off and ended weak, as more murmurs about BoJ-yen intervention gathered steam. Japanese FinMind Noda did hold a yen-related press conference, but it mainly signaled that no action was imminent, and the yen surged (later in the day that was tempered a little bit by wire reports about a possible intervention).
* Europe continued the ugly trend as sovereign debt worries continue to race into the fore. Greek shares plunged on talk of a desperate merger among the country's banks. Even Germany's deficit is soaring.
* Stocks were already sagging in the early going when existing home sales data came out and was staggeringly bad. At a drop of 27.2%, the number was far worse than the most dour expectations.
* That's when things got pretty bad. Stocks fell further, the yen went ballistic, and the yield on the 10-year bond fell below 2.5%, a truly eye-popping number. Everyone is now presuming that another round of quantitative easing (QE) is a done deal.
* There were a few moments in the day when the bulls might try to make a run, but... nope. It never happened. Other notable market measures: Gold is quietly creeping back to old highs, while oil is threatening to fall below $70.
Traders Freaking Out Over WSJ Report On The Fed: Here's Why From The Business Insider ‘Last night, WSJ's John Hilsenrath reported that at the last FOMC meeting, several of the Fed governors expressed reservations about the plan to maintain the size of the balance sheet, and roll over MBS into Treasuries. There are a lot of moving parts to the story because there are different reasons for the objections. Some of the Fed governors are hawkish (like Hoenig). Some are more dovish (like Bullard). And some think that the Fed can't really do anything because our problems are more structural (Kocherlakota). But here's what folks are taking away from the article: The Fed is still way behind the curve in terms of how bad the economy is. It's paralyzed. It's funny, because this is the exact opposite of what some people initially thought -- there was this fear that the Fed knew something about bad news coming down the pike that the public hadn't heard yet. In fact, as we now know, the Fed isn't seeing what everyone else is. Anyway, this is the talk of the morning, and it's helping send stocks down again.’
Housing Sinks Stocks, Dow at 6-Week Low Midnight Trader4:20 PM, Aug 24, 2010 --
- NYSE down 103.95 (-1.5%) to 6,681.02
- DJIA down 134 (-1.3%) to 10,040
- S&P 500 down 15.5 (-1.5%) to 1,052
- Nasdaq down 36 (-1.7%) to 2,124
GLOBAL SENTIMENT
- Hang Seng down 1.1%
- Nikkei down 1.33%
- FTSE down 1.51%
UPSIDE MOVERS
(+) AVII reports positive study results.
(+) MGIC signs four new partners.
(+) DTPI to be sold to PriceWaterhouseCoopers for $12.50 per share.
(+) FMCN continues evening gain that followed earnings.
(+) DUK downgraded.
DOWNSIDE MOVERS
(-) CRH warns for earnings.
(-) PFE says cancer study fails to meet primary endpoint.
(-) BIG EPS beat by a penny, raises FY EPS view though still straddles Street estimate.
(-) MDT meets with earnings, guides in line to below Street view.
(-) BKS reports wider-than-expected loss.
MARKET DIRECTION
Stocks end broadly in the red after disappointing housing data. The major averages had erased the bulk of their steep losses in afternoon action but a fresh leg down late in the session pushed the indexes back into the lower half of the day's range. The DJIA had dropped below 10,000 in the immediate wake of a reported drop in home resales but ends just above that line, off 1.3%. The S&P 500 drops 1.5%, while the tech-heavy Nasdaq sheds 1.7%. Stocks began the day under water as Asia and European averages both dropped in reflection of global investor jitters over the state of the recovery.
Crude futures end 2% lower, with the October contract at $71.63, an eleven-week low. Gasoline for September delivery settled at $1.85 a gallon, the lowest price since December 2009.
Equities and commodities fell after the National Association of Realtors said sales of previously occupied homes plunged 27% in July to an annual rate of 3.83 million, the lowest rate in 15 years. That's much worse than the 4.7 million estimate from economists polled by Thomson Reuters. The 27% drop from the previous month was the biggest since record-keeping began in 1968.
In company news:
Citigroup's (C) efforts to streamline its consumer unit in North America has caused the overdue loans to jump more than originally expected after the bank moved about 750,000 customer accounts to new locations, Bloomberg reported, citing a person briefed on the matter. That could increase the cost to make CitiFinancial--the name of the consumer finance unit--ready for sale, the report said.
Johnson & Johnson (JNJ) fell amid a Food and Drug Administration warning that its DePuy Orthopaedics unit is illegally marketing two products. The FDA warned Johnson & Johnson's unit that one product has never been approved for sale and another product is being sold for uses that have not been specifically approved.
Pfizer Inc. (PFE) fell after its cancer drug Sutent failed to improve the survival rates in patients who had previously been treated for lung cancer. When combined with the drug Tarceva, however, Sutent met its secondary goal of improving progression-free survival in patients.
Dell (DELL) is preparing a souped up offer for 3Par inc. (PAR) as it competes with Hewlett-Packard (HPQ), which bid $1.6 billion earlier this week, according to a Bloomberg report, citing a person familiar with the deal. The offer could be sent in the coming days, the report said, citing the source. Earlier, Dell had agreed to pay $1.5 billion for the company.
Tyson Foods (TSN) fell on news its subsidiary is recalling 380,000 pounds of deli meat that could be contaminated with Listeria monocytogenes. The meats were produced by Zemco Industries and were sold to Wal-Mart Stores (WMT) and used for Marketside Grab and Go Sandwiches. The meats were produced between June 18 and July 2.
In earnings news, Medtronic (MDT) shares are sharply lower after the medical device company lowered its profit forecast, citing slowing sales for it defibrillators and spinal products, reported Bloomberg. Medtronic reported Q1 non-GAAP EPS of $0.80, in line with the Thomson Reuters mean analyst estimate. Revenue of $3.773 billion is down 4% compared to the $3.933 billion reported a year ago. The Street expected $3.945 billion.
Barnes & Noble (BKS) fell after its first quarter loss was bigger than expected, and the book store group cut its outlook for the year. The company posted a loss of $62.5 million, or $1.02 a share excluding legal costs, compared to a profit of $12.3 million, or 21 cents a share, a year ago. Sales rose 21% to $1.4 billion.
Also, Big Lots (BIG) moved down 2.8% in choppy trade after missing the Street on fiscal Q2 revenue; it's getting little lift from a raised EPS forecast on the year, as economic concerns weigh on equities in today's trading. The company reported $1.148 billion in Q2 revenue, compared with Street's consensus view for $1.15 billion. The company reported earnings $63 million, or 48 cents per share, a penny better than the Street.
How to Get Through This Mess ‘… U.S. RECESSION NEVER ENDED; GDP TO CONTRACT IN Q3 Our suspicions have been confirmed - the recession never ended. Macroeconomic Advisers produces a monthly U.S. real GDP series and it shows that the peak was in April, as we expected, with both May and June down 0.4% in the worst back-to-back performance since the economy was crying Uncle! back in the depths of despair in September-October 2008. The quarterly data show that Q2 stands at a +1.1% annual rate (so look for a steep downward revision for last quarter) and the 'build in' for Q3 is -1.5% at an annual rate. Depending on the data flow through the July-September period, it looks like we could see a -0.5% to -1% annualized pace for the current quarter. Most economists have cut their forecasts but are still in a +2.5% to +3.5% range. What is truly amazing is that despite all the fiscal, monetary, and bailout stimulus, the level of real economy activity, as per the M.A. monthly data, is still 2.5% below the prior peak. To put this fact into context, the entire peak-to-trough contraction in the 2001 recession was 1.3%! That is incredible. Interestingly, and dovetailing nicely with our deflation theme, nominal GDP fell 0.3% in May and by 0.4% in June. This is a key reason why Treasury yields are melting … Bottom line? It is going to be a tough environment for the next 6-8 years. That is just what happens when you have a deleveraging / balance sheet / deflationary / end of the Debt Supercycle recession. It is what it is, and no amount of wishing or finger pointing can change the facts … ‘
Hardship 401(k) withdrawals set record in second quarter: More workers also borrowing from their accounts (Washington Post, August 22, 2010) [ Clearly an instance where ‘better late than never’ doesn’t quite do it … ‘better now than late or never’ is a bit better as the following see that old tune, ‘ The Big Hurt’, reaching once again number 1 on the billboard charts. ]
Soros Bailing Out of U.S. Stock Market Robert Wenzel | Billionaire trader and political manipulator,George Soros, is clearly not optimistic.
Celente: Stock Market Crash Before End of 2010 Gerald Celente believes that the stock market will crash before the end of 2010 , gold will soar.
Are You Ready For How Bad It Will Get? Graham Summers | ‘There are numerous components in the latest GDP number that are extremely suspect. The vast majority of investors are going to be taken to the cleaners … Sell / Take Profits while you still can!
100-Year Bonds --- Sign of Trouble?
Analyst: Dow To 5,000, Lost Decade For Stocks The Dow Jones Industrial Average will lose about half of its value over the next couple of years as it follows a Nikkei-like pattern of several sharp rallies in an overall decline, according to Charles Nenner, founder and president of Charles Nenner research.
Existing home sales plunge 27% Existing home sales fell sharply in July, declining for a third straight month, as the effects of the expired homebuyer tax credit continued to add turbulence to the housing market.
Hindenburg Omen Creator Has Exited The Market As we reported first, last week saw the second confirmation of the Hindenburg Omen, most recently sighted for the first time on August 12. Presumably this is an indication of putting one’s money where one’s mouth is (and away from the market).
We’re Underperforming The Great Depression In real (inflation/deflation-adjusted) terms, when did the US market permanently regain the high reached in 1929? The first chart illustrates two answers to the question. One uses the real price and the other uses the real total return.
Top Republicans urge Obama to oust economic team Reuters | The top Republican in the U.S. House of Representatives called on Tuesday for President Barack Obama to fire his economic team in a campaign-style speech meant to focus voters on the weak American economy.
Home Sales Plunge to Record Low NY Times | Sales of existing homes plunged 27.2 percent in July, down to their lowest level since the National Association of Realtors began keeping track over a decade ago.
Unemployed group blasts Geithner’s handling of economy The Hill | UCubed, a group representing unemployed and underemployed workers, sharply criticized Treasury Secretary Timothy Geithner for his handling of the economy.
Stocks Plunge, Double Dip Recession Fears Grow After Home Sales Report U.S. stocks extended losses, sending the Dow Jones Industrial Average below 10,000, and the 10-year Treasury yield fell below 2.5 percent for the first time since 2009 as a bigger-than-estimated slump in existing home sales fueled concern the economy may relapse into recession.
Infowars.com Poll: Fed Will Push Nation Into Greatest Depression Kurt Nimmo | Infowars.com readers believe the monetary policies of the Federal Reserve will push the country into another depression.
Even Tony Robbins Is Warning That An Economic Collapse Is Coming It seems like almost everyone is warning of a coming economic collapse these days.
Alex Jones Exposes Google’s Plan to Dominate the Internet Infowars.com | Google’s takeover agenda will control the world wide web and force independent media websites, radio and TV shows out of existence for good.
Ron Paul: Let the Housing Market Normalize! Dr. Ron Paul | There seems to be a growing consensus in favor of abolishing Fannie and Freddie. This is the good news.
Americans Using Their Rainy Day Savings to Live Rebel Traders | The reality of the ‘real economy’, as measured by people, not Wall Street, is a deteriorating economy where any source of funds is fair game to be tapped into.
The Never Ending Recession Mr. Rosenberg believes we could see a negative GDP print THIS quarter. And if he’s right that means analysts are far too optimistic about the upcoming quarter.
Economic forecaster: ‘Greatest Depression’ coming Collapse of middle class means there’s no fuel for recovery, Gerald Celente argues.
Google’s Plans to Take Over The Internet Exposed! Google’s agreement with Verizon to speed certain Internet content to users opens the door to the complete sterilization of the world wide web as a force for political change. Under Google’s takeover plan, the Internet will closely resemble cable TV, independent voices will be silenced and the entire Internet will be bought up by transnational media giants.
‘Pre-Crime’ Reaches Number 1 Google Trend Spot Matt Ryan | Steve Watson’s incredible article about the use of pre-crime technology was picked up by large news sites such as the Drudge Report and others.
Pre-Crime Technology To Be Used In Washington D.C. Steve Watson | Computers predict what crime will be committed where, by who and when.
Drudgereport: GALLUP GENDER GAP: Obama's Approval Among Men Hits All-Time Low of 39%...
LOBOTOMY JOE BIDEN: 'We're moving in right direction'… Right lobotomy joe, anything you say! ...
Worries about recovery deepen...
'Hindenburg Omen' creator exits stock market...
Economy in 'Depression, Not Recession'...
Dow Faces 'Bouncy Ride to 5,000'...
Typical Slow Summer -- or Something Darker?
Drop in Home Sales Renews Pricing Fears...
Investors Scatter to Safety...
Unemployed group blasts Geithner's handling of economy...
BOEHNER URGES OBAMA TO FIRE...
'Government as community organizer' has failed...
LA UNVEILS $578 MILLION SCHOOL
More Expensive Than China's Olympic Stadium!
California Delays $2.9 Billion School, County Payments Amid Budget Impasse...
'Beat Whitey Night': Iowa racial attacks at state fair... POLICE REPORTS...
Gasoline prices hit 8-month low (Washington Post) [ Strange days indeed. There was a time not long ago that the same news would engender a ‘glass-half-full’ spin for a fraudulent wall street rallying point. At the same time, higher oil prices one of those reasons for selling into the bubble. Today, higher oil prices day to day provide a ‘glass-half-full’ spin for a fraudulent wall street rallying point that drives the oils (stocks) higher. Yes, that’s how bad the economy really is. (Not a reference to ‘Strange Days’ the interesting film from that impressive oscar-winning giant (amazon) of a woman, Kathryn Bigelow, which sported a cast that included Tom Sizemore which of itself meant strange indeed.) ].
AIG pays back $4 billion of bailout debt (Washington Post) [ Ah, yes. How endearing. Just goes to show that the hearts of american business are in the right places. So touching … I’m sure I’m not alone in shrugging with a sense that given america’s chosen intractable downward path such as this matters little or none! ]
Obama targets IT contracts (Washington Post) [ And what goals are being met with the protracted mid-east wars with costs exceeding a trillion other than defacto bankruptcy of the nation and anti-american sentiment, not to mention the diversion from the multitude of america’s domestic problems. It seems to me that IT would be among the last of items warranting scrutiny (360 tons of $100’s flown into Iraq would without scrutiny go right into the treasury, etc.) , particularly since tech, though over-rated, is probably america’s last strength owing to a significant head start and a built- in language bias, though quickly becoming mere assemblers / distributors of foreign-made (components) at best.] The White House unveils plans to review 26 government information-technology projects worth a total of $30 billion as part of an effort to trim back or cancel contracts that aren't meeting goals.
(8-24-10) Dow 10,040 -134 Nasdaq 2,123 -36 S&P 500 1,051 -15 [CLOSE- OIL $71.63 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.69 DIESEL) / GOLD $1,233 (+24% for year 2009) / SILVER $18.38 (+47% for year 2009) PLATINUM $1,517 (+56% for year 2009) / DOLLAR= .79 EURO, 84 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.50% …..… 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
For Obama, some chances ahead (Washington Post) [ Come on! Wake up! There are no chances ahead for wobama’s already failed presidency! He knows it, the people know it, and even his most ardent blind supporters know it. One too many b*** s*** stories and broken (campaign) promises. Delivering a speech, albeit teleprompted, is a far cry from delivering, which reality most have awaken to. He seems to be incapable of even one original thought even as the wobamas seem to take umbrage as they are dissed for self-created lack of approbation ($500 sneakers, spain trip, fiddling while the nation burns, etc.). What next? The race card? Even as his (in)justice department had decided to ignore civil rights violations by blacks and focus only on whites? No! wobama’s failed presidency is as done as an over-cooked hard-boiled egg. Empty words just ain’t enough! ] New Orleans visit, Iraq speech offer president opportunities to help end a frustrating summer.
Drudgereport: WASHPOST TAKES ON THE SPOOKS: Hidden world, growing beyond control...
854,000 people have top-secret security clearance...
You really have to laud The Washington Post for this investigative brilliance which whether people appreciate it or not, requires great corporate and personal courage; even more so inasmuch as this is their backyard, so to speak. Clearly, this illuminates the boondoggles which amazingly are coming at a time when america will not be able to handle ‘bare necessities’ much less the self-perpetuating, need-creating, bureaucracies which I’ve previously likened to a perverse version of ‘Field of Dreams’ where if you will commit taxpayer dollars, they’ll find / create a war, conflict, new war, etc., to spend it on. NSA Has Gotten So Big, Area Around It Has 112 Acres Of Parking Spaces In yet another terrifying expose, The Washington Post continues to lift the veil on just how massive the US government’s spying operation has become.
The following youtube video is well worth the look and explains how and why the frauds on wall street have gotten away with their devastating fraud thus far. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ex-Justice official quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ):
‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1. [ The Obama Deception Number 1 on U.S. Google Trends ]
‘The Obama Deception’ Censored ‘The Obama Deception’ has been censored In light of this development, I provide an archived site version which appears to be complete (but will be compared with earlier version and replaced with same if incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
For the Same Reason I’ve Included Here a Web Site Archived FLV Version of Esoteric Agenda http://albertpeia.com/esotericagenda.flv
Who’s Barry Soetoro, wobama? Get your very own BARRY SOETORO T-Shirt and ask the question, "Where is the Birth Certificate?". The REAL name of President Barack Obama is BARRY SOETORO so get a t-shirt with a picture of him on the front and the question, "Where is the Birth Certificate?". http://infowars-shop.stores.yahoo.net/basot.html Obama’s Comeback Strategy: Appearing On “The View” Now we know how the President will turn his flagging political fortunes around… [More b*** s***!].
Is Obama a Marxist? He Works for the Bankers Glenn Beck, the Fox News talking heads, and no shortage of Tea Party activists like to characterize Barry Obama as a Marxist.
Poll: Waning support for Obama on wars usa today | Support for Obama’s wars fell to 36%, down from 48% in a February poll.
President Obama’s Real Name “Barry Soetoro” Tops Google Trends Yet another search term announced during the Alex Jones Show, “Barry Soetoro” has topped Google Trends’ hot searches, and that means a boost to exposing important keys to President Obama’s true history. The #1 search trend corresponds with a visit to Austin, Texas today from President Barack Obama, a.k.a. Barry Soetoro.
Barry Soetoro AKA Barack Obama’s Political Dynasty Crashes And Burns While Barry Soetoro’s family lavish themselves at a luxury Spanish resort amidst deepening economic turmoil, back home Obama’s political dynasty crashes and burns as his approval ratings plunge to a record low of 41 per cent with less than a few months to go before the October midterm elections.
The Fraud Of Barry Soetoro (a.k.a. Barack Hussein Obama) (Feb. 24 ...
February 11, 2009
’Dear Senators and Congressmen:
Thank you for taking the time to review the documentation relevant to the Constitutional legitimacy of the presidency Barack Obama. There have been various problems with the vetting of Mr. Obama throughout the campaign and the present. I’d like to take the opportunity to highlight the most pertinent and alarming issues that have been clearly revealed. I’m sure you will agree that this information must be further investigated promptly before any damage is done to the United States and its citizens beyond the Constitutional compromises that currently exist. Most interesting, though, is the fact that Mr. Obama has not simply ordered the original vault copy of his birth certificate to be sealed and chosen to retain three (3) law firms to defend the various cases spending a reported $800,000 (of whose money?). If Mr. Obama has nothing to hide, then why fight the more than 42 cases in federal courts alone (according to Justia) and similar number in state courts of which the merits are well-founded and substantiated through factual evidence, state and federal statutes, and international laws? Main issue is that the state of HI, according to statue 338 allows Foreign born children of Hawaiian residents to obtain Hawaiian birth certificates and obtain them based on a statement of one relative only. There is plenty of evidence of Mr. Obama being born in Kenya and obtaining his Hawaiian birth certificate based on a statement of his grandparent only, who simply didn’t want to deal with immigration and not based on any records from any hospitals. Extensive searches in the State of Hawaii showed no birthing records for his mother [Stanley] Ann Dunham in any hospital in Hawaii. … I request all of this information to be forwarded to the Senate Armed Services Committee, Senate Finance Committee, Senate Judicial Committee, Mr. Steven Whitlock, director of the whistle blower office of the IRS, ICE, State Department, and FBI for further investigation.
Respectfully submitted,
Dr. Orly Taitz, Esq.’
Did Google Block “Barry Soetoro” Search Term? Screenshots obtained by a Prison Planet reader suggest that Google may have moved to de-list “Barry Soetoro” as a popular search term shortly after it rose to the top of the Google Trends charts after yesterday’s effort by radio talk show host Alex Jones to focus attention on Barack Obama’s real name.
Bombshell: Barack Obama conclusively outed as CIA creation Wayne Madsen | Investigative journalist Wayne Madsen has discovered CIA files that document the agency’s connections to the lives of Barack Obama and his mother, father, grandmother, and stepfather.
Google Yanks “Kill The Web” Article That Warned Of Internet Takeover Having at first appeared as normal, our earlier article about Google’s plan to kill the web has been completely de-listed from Google News. This is completely unprecedented and underscores how keen Google is to prevent people from finding out that it is a CIA-NSA front that is preparing to completely end the Internet as we know it with the Verizon net-neutrality killing deal.
Google Plans To Kill Web In Internet Takeover Agenda The net-neutrality ending deal with Verizon is just the beginning of Google’s plans to kill the open and free Internet as part of their takeover agenda to completely control the world wide web and force independent media websites, radio and TV shows out of existence for good.
Obama’s pledge to close down Guantanamo is ‘not even close’ Barack Obama’s pledge to shut down Guantanamo Bay will not be honoured until at least a year after the President’s self-imposed deadline – and may not be completed in his first administration.
Constitution “Silly Stuff,” Says Illinois Congressman Democratic Congressman Phil Hare, who caused outrage earlier this year when he told constituents who asked him about the legality of the health care bill, “I don’t worry about the constitution,” has sparked fresh consternation after he was caught on camera in an Illinois hotel labeling the founding document of America “silly stuff”.
Google’s Plans to Take Over The Internet Exposed! Google’s agreement with Verizon to speed certain Internet content to users opens the door to the complete sterilization of the world wide web as a force for political change. Under Google’s takeover plan, the Internet will closely resemble cable TV, independent voices will be silenced and the entire Internet will be bought up by transnational media giants.
‘Pre-Crime’ Reaches Number 1 Google Trend Spot Matt Ryan | Steve Watson’s incredible article about the use of pre-crime technology was picked up by large news sites such as the Drudge Report and others.
Pre-Crime Technology To Be Used In Washington D.C. Steve Watson | Computers predict what crime will be committed where, by who and when.
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