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 ]
Is the U.S. Bankrupt? [YES!] (at Motley Fool) The Administrative Office of the U.S. Courts recently reported that bankruptcy filings between April and June hit a four-year high. Consumer bankruptcies rose 21 percent while business bankruptcies increased eight percent. The list of corporate bankruptcies over the last couple of years includes big names like Lehman Brothers, Washington Mutual, and GM. And financial institutions like Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC) received billions of dollars through the federal government's Troubled Asset Relief Program. Should investors add the U.S. government to that list of big name bankruptcies? I recently asked Boston University economics professor Lawrence Kotlikoff, author of Jimmy Stewart is Dead: Ending the World's Ongoing Financial Plague with Limited Purpose Banking.
Mac Greer: Larry, I noticed the headline or the title of a recent article that you wrote, US is Bankrupt and We Don't Even Know It. So with that in mind, what is your take on the economy these days?
Larry Kotlikoff: Well there is a lot of uncertainty, as rightfully there should be. We have seen the financial sector implode basically because of the systematic production and sale of trillions of dollars of fraudulent securities under the cover of proprietary information, so nobody really had the ability to look inside big companies like Bear Sterns or Merrill Lynch to see exactly what they owned or owed. That problem remains today, even with the passage of Dodd-Frank. There is no requirement that the financial industry come clean with respect to what it is doing with our money, so every major financial player says you can't see what we are doing because we have the Midas touch. We are going to beat the market, and if we show you, everybody will see our secret formula for making you a mint. As a result, they have a great cover to produce fraudulent securities. And then when there is a sniff of fraud, one can easily presume that everything they are doing is fraudulent, which may not at all be the case. And then there is a run against those institutions as we saw with Bear Sterns and Lehman Brothers and all the other ones because of the perception that so much of their holdings were fraudulent and that their reporting was fraudulent. And of course the rating companies and the regulators and the boards of directors and the members of Congress were all, in effect, in bed with each other to achieve this result. I don't see anything that has fundamentally changed, so that is one major area of fragility. We could have another meltdown in the financial market tomorrow because as Dick Fuld [Lehman former CEO] said, he claims that their balance sheet was just fine and that this was all just a panic, it was not connected with any facts. Well, he said that every institution on Wall Street --- Goldman Sachs (NYSE: GS), JP Morgan (NYSE: JPM) -- could have experienced the same thing. His concern about this happening to other companies is well taken. So we have a financial system that is set up to fail again, and we have a fiscal situation which is a complete and dire mess. It could lead to a financial panic that could lead to a much bigger meltdown of the financial system than we have seen.
Greer: Is the U.S. bankrupt?
Kotlikoff: Bankruptcy means not being able to pay your future bills. If you can't pay your current bills, your creditors are already after you so you already are bankrupt. If you can't pay your future bills, that really is the operational definition of going bankrupt or being bankrupt. The U.S. government can't pay its future bills. These bills, in total, in present value, exceed the revenues by $202 trillion. This is based on taking the data projected by CBO (Congressional Budget Office) back on June 26 of this year, when they put out their alternative fiscal scenario, which is their best long-term projection of government spending, including servicing the official debt, and government revenues. And if you present value the differential between spending and revenues, including extrapolating beyond their projection which is important to do, you get a fiscal gap of $202 trillion. To come up with $202 trillion in present value, you'd have to immediately and permanently double all taxes we have. You'd have to do it immediately. We're talking here about running a 5% GDP surplus this year instead of running a 9% deficit. So I don't see that happening. We have to cut spending or we have to print money. Either way you're cutting spending so either way you're, in effect, reining in spending promises. And that suits my definition of bankruptcy. And I think there are ways of cutting spending and getting our fiscal house in order but we need to engage in radical surgery here and not putting on the band-aid that this administration is so fond of.
Greer: One of our Motley Fool writers recently interviewed Euro Pacific Capital President Peter Schiff. In 2006, he was predicting the economic downturn, and he now says that we are, "In the early stages of a depression now. It is going to be a horrific experience for average Americans who are going to watch their standard of living plunge." Do you agree?
Kotlikoff: Well, this has been a depression so far for millions of Americans. It didn't have to happen. It is really man-made. We have the same physical capital and human capital sitting here in place. We don't have to stay in a depressed state. The problem is that things are not coordinated. We don't have buyers optimistic about getting paid salaries and we don't have sellers optimistic about being able to find buyers, so everybody is kind of sitting on their hands. We can have some, a bunch of KISS's, which are "keep it simple, stupid" solutions to our problems, and lots of people throughout the country realize this, that we need to fix things fundamentally. We can't do it with 2,000 page bills that make bureaucratic structures that are basically clogging up our economic arteries, even more bureaucratic…
Bulls: 'This Is Where We Fight' - Dave's Daily Critical levels of support were broken Thursday for the Dow Industrials 30 (10K, psychological) and S&P 500 (1050). There's a day left in the week when GDP and Confidence data will be delivered and Bernanke will speak. This makes tomorrow's action (notwithstanding a possible Fed surprise before the open Monday) where bulls must fight to hold things together. It's getting that serious. Jobless Claims were better than forecast but through it all they're still just crawling along the ocean floor. But, it gave bulls a headline to boost things early only to see conviction fade later as selling took hold. The Fed also launched another POMO of only $1.4 billion which gave Primary Dealers some cash to work with. What's the point? The Treasury sells and the Fed buys--a silly Keynesian Ponzi Scheme that accomplishes what? …
Stocks Drop as Economic Worries Dog Market Midnight Trader 4:26 PM, Aug 26, 2010 --
- DJIA down 74 (-0.7%) to 9,986
- S&P 500 down 8 (-0.7%) to 1,047
- Nasdaq down 22.9 (-1%) to 2,119
GLOBAL SENTIMENT
- Hang Seng down 0.11%
- Nikkei up 0.69%
- FTSE up 0.91%
UPSIDE MOVERS
(+) F details expansion in India, Thailand.
(+) BOBE hikes dividend.
(+) BW gets analyst upgrade.
(+) MNTA gets favorable judge ruling in Sanofi-Aventis case.
(+) ALXA getting payment related to Staccato license.
(+) NFLX app now on iPhone, iPod Touch.
(+) PAYX upgraded.
DOWNSIDE MOVERS
(-) GES extending evening declines that followed mixed guidance, earnings beat.
(-) APWR misses revenue expectations, backs guidance.
(-) SCON prices shares.
(-) FRED reports Q2 results that top the year-ago quarter, match expectations.
(-) PAR gains then falls amid Dell's (DELL) increased $24.30 per share offer.
(-) GIGM swings to loss.
(-) TRMA files bankruptcy.
MARKET DIRECTION
Stocks end lower as the major indexes give up early-session gains. Investors were initially charged, following favorable jobless claims data, but couldn't shake bearish concerns that have bedeviled the market over the past couple of weeks.
Stocks were buoyed by a decline in the number of people filing first-time claims for unemployment benefits by 31,000 to 473,000 in the latest week. It was the first decline in a month, according to Labor Department data. Economists surveyed by MarketWatch had expected initial claims to drop to 490,000 in the week ended Aug 21.
The less-volatile four-week average of initial claims rose 3,250 to 486,750. Altogether, 10.2 million people were collecting some type of unemployment benefits in the week ended Aug. 7, up from 9.9 million.
Also, mortgage rates continued to skid, falling to 4.36% this week, the lowest rate on a 30-year fixed loan in decades, according to Freddie Mac. The rate was 4.42% last week and has now declined for nine of the last 10 weeks.
Deal news dominated the tape, and topping the headlines, 3PAR (PAR) accepted Dell's (DELL) increased offer to acquire the storage leader for $24.30 per share in cash, or approximately $1.6 billion, net of PAR's cash. The deal is expected to close before the end of the year. Based on current estimates, the transaction is expected to be accretive to DELL's non-GAAP earnings by its Fiscal Year 2012.
After the bell, H-P (HPQ) countered with a revised $27 a share bid.
Cisco Systems (CSCO) is buying privately held ExtendMedia for an undisclosed sum. ExtendMedia will become a core component of Cisco's next-generation video architecture, the company said. The transaction is expected to close in the first half of Cisco's fiscal 2011.
Hewlett-Packard (HPQ) will pay an undisclosed sum to buy Stratavia, a privately held database technology company based in Denver. H-P says the acquisition will strengthen the HP Software and Solutions portfolio, adding deployment, configuration and management solutions for enterprise databases, middleware and packaged applications.
Lastly, Novartis (NVS) is moving ahead with a contentious buyout of Alcon (ACL) after completing its acquisition of stock from Nestle, according to a Reuters report.
Previously, as pertains to the jackson hole no-recession-helicopter-ben b*** s*** non-event / talk. Fed action signals new activism (Washington Post) [ Riiiiight! The activist fed! That’s all we need. As if we needed more of what brought us to this point! Certainly the fed’s role in the continuing and current financial crisis / debacle cannot be ignored or disputed. Nothing like a hegelian methodology to create the very problems for which they are called upon to offer solutions, increasing their sense of importance, and concentrating power thereby. (Think about it. It is really rather quite absurd that each meeting time the financial markets hold their bated breath for these incompetent boobs). Then there’s the cover-up with an opportunity for enrichment of some, usually the tight-lipped yes-men then ever after and forever bonded in what becomes tantamount to an almost fraternal link by ‘virtue’ of the crime thereby. No, I’m not saying their initial missteps were necessarily badly intended, but the manipulations thereafter to obfuscate their incompetence (senile greenspun, no-recession-helicopter-ben, etc.) comes at a great price and is nothing less than tantamount to or just outright crime. I’d abolish the fed without hesitation or compunction. After all, at this point of decline and defacto bankruptcy of the nation you certainly can’t point to success nor argue their indispensability. Then there’s also the missing trillions, over-printing of fiat currency, and all that sub rosa activity with the worthless fraudulent toxic paper which I believe is being supplanted with ultimately hard currency to the great benefit of the frauds and great detriment to the nation.]
10 Practical Steps That You Can Take To Insulate Yourself (At Least Somewhat) From The Coming Economic Collapse The Economic Collapse | Most Americans are still operating under the delusion that this “recession” will end and that the “good times” will return soon.
America’s Debt: The BIG Wave Damien Hoffman | This, my friends, is only the tip of the iceberg of what will unfold should we choose to kick the proverbial can farther down the road.
S&P Says US Should Act to Protect AAA-Rating: Report The United States government needs to take steps to preserve its top AAA-rating, a Standard & Poor’s Ratings (S&P) official told Dow Jones newswire in an interview published on Thursday.
It pays to riot in Europe Dublin has played by the book. It has taken pre-emptive steps to please the markets and the EU. It has done an IMF job without the IMF. Indeed, is has gone further than the IMF would have dared to go.
The Economy When Debt Is Everywhere As a result of austerity, imposed on Greece by its Illuminist led government, unemployment has hit 70% in some places. The country’s budget deficit has been reduced by 40%, truly draconian. Spending by government has been cut 10%, which is more than double what the EU and IMF has required.
10 Practical Steps That You Can Take To Insulate Yourself (At Least Somewhat) From The Coming Economic Collapse Most Americans are still operating under the delusion that this “recession” will end and that the “good times” will return soon, but a growing minority of Americans are starting to realize that things are fundamentally changing and that they better start preparing for what is ahead.
China Buys Euros as Fear of World Depression Grows Webster G. Tarpley | The one certainty is that there is no recovery, and that the second wave of a world economic depression dominates the world.
Economy Caught in Depression, Not Recession: Rosenberg Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday. ‘Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday. Writing in his daily briefing to investors, Rosenberg said the Great Depression also had its high points, with a series of positive GDP reports and sharp stock market gains. But then as now, those signs of recovery were unsustainable and only provided a false sense of stability, said Rosenberg. Rosenberg calls current economic conditions “a depression, and not just some garden-variety recession,” and notes that any good news both during the initial 1929-33 recession and the one that began in 2008 triggered “euphoric response.”
Op-Ed Columnist - The Third Depression - NYTimes.com Economic Policy: Nobel Prize-winning economist Paul Krugman says the US is in the "early stages of a third Great Depression. The Third Depression By PAUL KRUGMAN Published: June 27, 2010 ‘Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as “depressions” at the time: the years of deflation and instability that followed the Panic of 1873 and the years of mass unemployment that followed the financial crisis of 1929-31. Neither the Long Depression of the 19th century nor the Great Depression of the 20th was an era of nonstop decline — on the contrary, both included periods when the economy grew. But these episodes of improvement were never enough to undo the damage from the initial slump, and were followed by relapses. We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense. And this third depression will be primarily a failure of policy. Around the world — most recently at last weekend’s deeply discouraging G-20 meeting — governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending. In 2008 and 2009, it seemed as if we might have learned from history. Unlike their predecessors, who raised interest rates in the face of financial crisis, the current leaders of the Federal Reserve and the European Central Bank slashed rates and moved to support credit markets. Unlike governments of the past, which tried to balance budgets in the face of a plunging economy, today’s governments allowed deficits to rise. And better policies helped the world avoid complete collapse: the recession brought on by the financial crisis arguably ended last summer. But future historians will tell us that this wasn’t the end of the third depression, just as the business upturn that began in 1933 wasn’t the end of the Great Depression. After all, unemployment — especially long-term unemployment — remains at levels that would have been considered catastrophic not long ago, and shows no sign of coming down rapidly. And both the United States and Europe are well on their way toward Japan-style deflationary traps …’
Worse than expected news on both durables and new home sales. Indeed, in this and the prior session the ‘new homeseller stocks’ rose based on the foisted false expectation of expected-to-better as opposed to, among other, far worse than expected results. Yet, where / when was the worse than expected news discounted. The fact is that it wasn’t, as fraudulent wall street with one of those typical press the button, computerized program trade days, rallies to try to suck the suckers back in to keep their ‘churn and earn’ rollin’. Note the typical, almost tauntingly gleeful mainstream non-news headline, ‘US stocks pull off a gain; Dow ends above 10,000 (at CNBC)’ … Riiiiight! … They pulled it off … How pathetic! Democrats move to shore up faltering economic recovery (Washington Post) [ Wow! And all this time that’s what we thought they were doing. Now they’re gonna’ get serious … riiiiight. Here’s some serious for you: Peter Schiff: “We’re in the Early Stages of a Depression” The Motley Fool | Four years and the worst recession since the Great Depression later, Schiff … : an inflationary depression.) among other economists, (Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s.) , and my position and that of demographer Dent (This is a global depression. This is a secular bear market in a global depression. The past up move was a manipulated bull (s***) cycle in a secular bear market. This has been a typically manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street churn and earn pass the hot potato scam / fraud as in prior crashes’. This national decline, economic and otherwise, will not end until justice is served and the wall street frauds et als are criminally prosecuted, jailed, fined, and disgorgement imposed.]
Harry Dent, Jr. Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and mid-2013, especially around early 2011, but if the banking system continues to implode a deep downturn or depression could begin sometime in 2009 instead of 2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012 ).
INSIDER TRANSACTIONS (Washington Post) Stock market ends down for second straight week (Washington Post) [Yeah! There should be no surprise here. Such is the scenario that bear markets are made of and Maierhofer shows the math to prove it (infra), 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! ]
Drudgereport: MORGAN STANLEY: Government Bond Defaults Inevitable...
Roubini: Growth to Be 'Well Below' 1% ...
New Home Sales Sink to Lowest Pace on Record...
Banks back switch to renminbi for trade; Incentives to move from dollar and euro...
DEM JOKES: PELOSI COULD DIE BEFORE NEXT YEAR
Former Republican chairman: I'm gay...
President Bush 'incredibly supportive in his cornholin’ efforts'...
Bernanke under pressure to prop it up [yeah … with the typical b*** s***]!
Jackson Hole: Speech, Speech...
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.
Why to Expect a Bipolar Market Move Next Week [Well, I don’t know about a diagnosis of bipolar, but ‘criminally insane’; yes, that’s wall street in a nutshell.]
Bond Bubble, Dollar Doom - Embrace The Fear Says Fisher [ Riiiiight! Sounds like a plan … to bail out the frauds on wall street as they sell their ‘hot potatoes’ in their typical ‘musical chair’ pre-crash charade! ] ‘… Hussman: Dollar Collapse Coming: In his latest market commentary, top fund manager John Hussman continues to express a bearish view, and says that more quantitative easing by the Federal Reserve is likely to trigger “an abrupt collapse in the foreign exchange value of the U.S. dollar”. Hussman offers something of a primer on exchange rates, and concludes by saying this: “The policy of quantitative easing is likely to force a large adjustment on the U.S. dollar because the Federal Reserve is choosing to lay a heavier hand on the Treasury bond market than would result from economic conditions alone,” he says. “The resulting shift in interest rates and long-term inflation prospects combine to dramatically reduce the attractiveness of the U.S. dollar. A significant and relatively abrupt devaluation is then required, in an amount sufficient to set up expectations of a U.S. dollar appreciation over time.” Special Offer: People mocked Gary Shilling when he said SELL in 2006 and 2007. But he was right and his subscribers are richer for it. Click here for Gary Shilling’s current investment advice. As for the market, Hussman says he continues to see unfavorable valuations, unfavorable market action, and unfavorable economic pressures. The Fed’s new go at quantitative easing may well limit deflationary fears, he says, which has led him to increase exposure to precious metals and foreign currencies. Hussman also says the U.S. should focus on restructuring debt, and offers his take on how it should do so …’
Dow Reclaims 10,000 as Stocks Pare Losses CNBC | Stocks opened lower for a fifth straight day Wednesday as disappointing reports on new home sales and durable-goods orders stoked worries about the economic recovery.
Consumers Dropping Pay TV Services Investors.com | The number of subscribers to cable, satellite and telecom TV services in the U.S. fell for the first time ever in the second quarter.
Plunge in Home Sales Stokes Economy Fears Wall Street Journal | U.S. home sales plummeted in July to a level not seen in more than a decade, spurring fears of renewed weakness in housing prices and the broader economy.
Boehner calls for mass firing of Obama's economic team (Washington Post) Yeah! True enough. They should be fired (watch for fake data as a desperate reaction to the reality the fake data’s been hidin’, revisions to fake data which hid reality, etc., ‘cause they’re really desperate); yet where were the same calls for paulsen, bush, et als. The truth is, they all should be fired! Every last fraudulent one of them! All three corrupt branches of the u.s. non-government.
Frank to hold hearing on regulation of Wall St. pay (Washington Post) [ Oooooh! Riiiiight! More hearings … sounds like a plan! You know, max face time, no action, great politics as usual. After all, if they were really serious, prosecutions, jail, fines, and disgorgement for the perps would have happened. Additionally, the so-called fin regs were powder puffs after all the huff and puff and ignore prosecution under already existing laws. What total fraud / b*** s***! ]
(8-26-10) Dow 9,986 -74 Nasdaq 2,118 -17 S&P 500 1,047 -8 [CLOSE- OIL $73.36 (-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 $1,238 (+24% for year 2009) / SILVER $18.98 (+47% for year 2009) PLATINUM $1,539 (+56% for year 2009) / DOLLAR= .78 EURO, 84 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.48% …..… 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!
Too far right (Washington Post) [ Too far right, too far left, too republican, too democrat … Come on! Wake up! The problem is simply too pervasively corrupt and these are distinctions without a significant difference. 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.]
I-Dosing: Another Excuse for Government Control Over Our Lives Kurt Nimmo | Government claims i-dosing induces the same kind of mind-altering effects as marijuana, cocaine, peyote, and opium.
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. ]
Stepped-up efforts fail to stem drug money (Washington Post) [ Come on! Wake up! That’s american, yes american big business. The stuff that the war in Afghanistan is made of; viz., ie., heroin, etc.. ]Stashing cash in spare tires, engine transmissions and truckloads of baby diapers, couriers for Mexican drug cartels are moving tens of billions of dollars in profits south across the border each year, a river of dirty money that has overwhelmed U.S. and Mexican customs agents.
Carlyle-owned toy supplier files for bankruptcy (Washington Post) [ What is a bush-involved company of paper (leveraged instruments, etc.) pushers doing with any company doing business in the u.s. or elsewhere for that matter. The bushes are vegetables who really can’t do anything well, except maybe, war, war crimes, fraud, illegal drug deals (Iran contra, etc., http://albertpeia.com/CIAAgentAffidavit1.jpg ) ]
The Bush-Carlyle Connection
There’s no business like war business
05/11/03: (Information Clearing House) There are so many connections between the Bushes, the ‘Defence’ establishment, the global trade in arms, that the mind boggles. That it barely gets a mention in the mainstream media (except of course, to simply ‘report’ it) is a scandal of the grandest proportions. But it only goes to show the power of big business and the political class they have installed in both the US and the UK..
Former FBI Agent Reveals New Angle On Kennedy Assassination [bush, typically, was involved up to his eyeballs, and ‘knuck’ (knucklehead not-to-bright ford) the typical go along to get along. ]‘… Despite the threat and possibility of a conspiracy to assassinate the president, the FBI and Secret Service allowed Kennedy to travel to Dallas. “[They] should have stopped the President from traveling instantly,” said Adams.
bush/Carlyle cont’d … (after all, John Major is employed by the Carlyle Group and BAE Systems, the major arms supplier to the UK, is part-owned by Carlyle). Not only the connections beggar belief but the sheer hypocrisy of the Bush government should put it in a new category in the Guinness Book of Records! As you’ll see from just of a few of the links to information on Carlyle below, their tentacles extend to many of the armed conflicts going on in the world. There’s no business like war business!
I’ve presented them in no particular order, the common denominator is the Bush family.
"Arms Buildup Enriches Firm Staffed by Big Guns"
Defense: Ex-president and other elites are behind weapon-boosting Carlyle Group.
By Mark Fineman, Times Staff Writer January 10 2002
Source: http://www.truthout.org/docs_01/01.11F.Arms.Carlyle.htm
"The Best Enemies Money Can Buy"
From Hitler To Saddam Hussein to Osama bin Laden - Insider Connections and the Bush Family's Partnership with Killers of Americans
Brown Brothers, Harriman - BNL- and the Carlyle Group By Michael C. Ruppert
Source: http://www.fromthewilderness.com/free/ww3/10_09_01_carlyle.html
"Legal Group Blasts Papa Shrub on Bin Laden Link"
Bush Sr. Could Profit From War by Geoffrey Gray October 11th, 2001, Village Voice
Source: http://www.villagevoice.com/issues/0141/gray.php
"BUSH WATCH…BUSH MONEY"
Source: http://www.bushwatch.com/bushmoney.htm
"CHRONOLOGY: The Bushes And The Carlyle Group" Bushnews.com
Source: http://www.bushnews.com/bushcarlyle.htm
"The Bush-Carlyle Group Archive" Buzzflash
A link to a number of links on the Carlyle Group
Source: http://www.buzzflash.com/perspectives/2002/Bush-Carlyle.html
Carlyle's way Making a mint inside "the iron triangle" of defense, government, and industry. By Dan Briody January 8, 2002 Red Herring
Source: http://www.redherring.com/vc/2002/0111/947.html
"The Carlyle Group" Spectrazine
Alfred Mendes looks at a single US investment corporation and asks some pertinent questions about democracy, terrorism and power.
Source: http://www.spectrezine.org/global/carlyle.htm
"Crony Reform" Slate
How the access capitalists at the Carlyle Group became real businessmen.
By Daniel Gross Tuesday, April 15, 2003
Source: http://slate.msn.com/id/2081572/
"The Big Guns: The Carlyle Group and Defense Lobbying" OpenSecrets.org
Source: http://www.opensecrets.org/alerts/v6/alertv6_52.asp
"The Carlyle Group; Elder Bush in Big G.O.P. Cast Toiling for Top Equity Firm" by Leslie Wayne Monday, March 5, 2001, New York Times
Source: http://www.commondreams.org/headlines01/0305-03.htm
"The Pakistan-India conflict is being funded and fomented by the same faces that brought you the war on terrorism"
A particularly evil manifestation of the arms business is the one in the on-going low intensity war between in India and Pakistan and the Carlyle Group’s role in it
Source: http://www.propagandamatrix.com/pakistan_india.html
"US arms group heads for Lisbon: The Carlyle Group, integrated by the Bush and bin Laden families awarded a billion dollar contract to "rebuild Iraq", 6 April 2003
Source: http://globalresearch.ca/articles/NEW304A.html
"Bush's Favorite Terrorist Buddy & Carlyle Group (Bush, Sr. Etc) Profits Increasing From Afghan War"
Source: http://www.apfn.org/apfn/WTC_profits.htm
"Former President Bush Works for International Investment Firm With Ties To Saudi Arabia" - Company Had Bin Laden Family Connections Judicial Watch
Source: http://www.judicialwatch.org/1685.shtml
"Meet the Carlyle Group"
How will President George W. Bush personally make million$, if not billion$ from the War on Terror? The easy way. He’ll inherit it. Former World Leaders and Washington Insiders Making Billions in the War on Terrorism
Source: http://www.angelfire.com/indie/pearly/htmls/bush-carlyle.html
"Carlyle group scandal"
Source: http://linkthing.com/screed/carlyle_group_cluster.html
WIKIPEDIA http://en.wikipedia.org/wiki/Carlyle_Group ‘The Carlyle Group is a global private equity investment firm, based in Washington, D.C., with more than $84.5 billion of equity capital under management, diversified over 64 different funds as of March 31, 2009.[1] The firm operates four fund families, focusing on leveraged buyouts, growth capital, real estate and leveraged finance investments. The firm employs more than 890 employees, including 495 investment professionals in 20 countries with several offices in the Americas, Europe, Asia and Australia; its portfolio companies employ more than 415,000 people worldwide. Carlyle has over 1300 investors in 71 countries. Carlyle was ranked in 2007 as the largest private equity firm in the world, according to a ranking called the PEI 50 based on capital under management.[2] However, the firm moved down to second largest as of May 2010.[3] …’
New-home sales hit a 40-year low | Your take (Washington Post) [ A 40 yr low? … At least it’s a record, say the frauds on wall street and how much worse can it be? Much worse, says reality! Economy Caught in Depression, Not Recession: Rosenberg / Nobel Prize-winning economist Paul Krugman says the US is in the "early stages of a third Great Depression. ]
Fed policy is foggy as economic picture clouds (Washington Post) [ Wow! Look to ‘no recession helicopter ben for guidance’? You’re hurting my ears and eyes, again. Meanwhile, everyone’s waiting for buh, buh, buh, benny and his jets to say no depression. At least we’ll be able to add certainty, albeit the opposite of what he says. But the fact is already that, ‘This is a global depression. This is a secular bear market in a global depression. The past up move was a manipulated bull (s***) cycle in a secular bear market. This has been a typically manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into.’ ] With housing market retreating, unemployment lingering and Fed officials in open disagreement, markets look to Bernanke for guidance.
Economy Caught in Depression, Not Recession: Rosenberg
Op-Ed Columnist - The Third Depression - NYT Nobel Prize-winning economist Paul Krugman says the US is in the "early stages of a third Great Depression. The Third Depression By PAUL KRUGMAN
Peia: ‘This is a global depression. This is a secular bear market in a global depression. The past up move was a manipulated bull (s***) cycle in a secular bear market. This has been a typically manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into.’
Worse than expected news on both durables and new home sales. Indeed, in this and the prior session the ‘new homeseller stocks’ rose based on the foisted false expectation of expected-to-better as opposed to, among other, far worse than expected results. Yet, where / when was the worse than expected news discounted. The fact is that it wasn’t, as fraudulent wall street with one of those typical press the button, computerized program trade days, rallies to try to suck the suckers back in to keep their ‘churn and earn’ rollin’, and the ‘pass the hot potatoe / musical chairs confidence game’ goin’. Note the typical, almost tauntingly gleeful mainstream non-news headline, ‘US stocks pull off a gain; Dow ends above 10,000 (at CNBC)’ … Riiiiight! … They pulled it off … How pathetic! Peter Schiff: “We’re in the Early Stages of a Depression” The Motley Fool | Four years and the worst recession since the Great Depression later, Schiff: an inflationary depression.) among other economists, (Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s.) , and my position and that of demographer Dent (This is a global depression. This is a secular bear market in a global depression. The past up move was a manipulated bull (s***) cycle in a secular bear market. This has been a typically manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street churn and earn pass the hot potato scam / fraud as in prior crashes’. This national decline, economic and otherwise, will not end until justice is served and the wall street frauds et als are criminally prosecuted, jailed, fined, and disgorgement imposed.
Harry Dent, Jr. Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and mid-2013, especially around early 2011, but if the banking system continues to implode a deep downturn or depression could begin sometime in 2009 instead of 2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012 ).
INSIDER TRANSACTIONS (Washington Post) Stock market ends down for second straight week (Washington Post) [Yeah! There should be no surprise here. Such is the scenario that bear markets are made of and Maierhofer shows the math to prove it (infra), 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! ]
Drudgereport: MORGAN STANLEY: Government Bond Defaults Inevitable...
Roubini: Growth to Be 'Well Below' 1% ...
New Home Sales Sink to Lowest Pace on Record...
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.
Why to Expect a Bipolar Market Move Next Week [Well, I don’t know about a diagnosis of bipolar, but ‘criminally insane’; yes, that’s wall street in a nutshell.]
Bond Bubble, Dollar Doom - Embrace The Fear Says Fisher [ Riiiiight! Sounds like a plan … to bail out the frauds on wall street as they sell their ‘hot potatoes’ in their typical ‘musical chair’ pre-crash charade! ] ‘… Hussman: Dollar Collapse Coming: In his latest market commentary, top fund manager John Hussman continues to express a bearish view, and says that more quantitative easing by the Federal Reserve is likely to trigger “an abrupt collapse in the foreign exchange value of the U.S. dollar”. Hussman offers something of a primer on exchange rates, and concludes by saying this: “The policy of quantitative easing is likely to force a large adjustment on the U.S. dollar because the Federal Reserve is choosing to lay a heavier hand on the Treasury bond market than would result from economic conditions alone,” he says. “The resulting shift in interest rates and long-term inflation prospects combine to dramatically reduce the attractiveness of the U.S. dollar. A significant and relatively abrupt devaluation is then required, in an amount sufficient to set up expectations of a U.S. dollar appreciation over time.” Special Offer: People mocked Gary Shilling when he said SELL in 2006 and 2007. But he was right and his subscribers are richer for it. Click here for Gary Shilling’s current investment advice. As for the market, Hussman says he continues to see unfavorable valuations, unfavorable market action, and unfavorable economic pressures. The Fed’s new go at quantitative easing may well limit deflationary fears, he says, which has led him to increase exposure to precious metals and foreign currencies. Hussman also says the U.S. should focus on restructuring debt, and offers his take on how it should do so …’
Dow Reclaims 10,000 as Stocks Pare Losses CNBC | Stocks opened lower for a fifth straight day Wednesday as disappointing reports on new home sales and durable-goods orders stoked worries about the economic recovery.
Consumers Dropping Pay TV Services Investors.com | The number of subscribers to cable, satellite and telecom TV services in the U.S. fell for the first time ever in the second quarter.
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