Business / Economic / Financial
[ This link to a somewhat 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. As with up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and clarity 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 ]
Come on! Preposterous! Service sector? You mean the the b*** s*** sector. Even if believed (I don’t believe anything they say, and at the least all must be discounted down, as they do later when people have forgotten that’s the purported reason they rallied), what is 17,000 service (predominantly b*** s*** government bought jobs with non-existent deficit building funds with some exceptions – yes, 80% of america’s economy is now b*** s*** and as on wall street, fraud) jobs in the relative scheme of things given the magnitude of the problems, structural and otherwise? Nothing! Stocks went up on typically spun ‘nothing’.
YAHOO [BRIEFING.COM]: .A better-than-expected ADP Employment reading and a stronger-than-expected ISM Service Index gave stocks a lift, but caution ahead of other pivotal jobs data limited gains until an afternoon bid lifted the major averages out of their trading ranges to a solid finish. The July ADP Employment Change showed that 42,000 jobs were added to private payrolls last month. Given that the increase was greater than the 25,000 additions that had been widely expected, some hope that the official nonfarm payrolls figures will be stronger than currently forecast when they are released Friday morning. Before that, participants must digest the latest weekly initial jobless claims count, which is due tomorrow morning. While the ADP data gave stocks a positive start this session, gains grew when the July ISM Service Index came in at 54.3, which bested the 53.0 that had been expected. However, gains were dashed when stocks ran into resistance near the stock market's weekly high and rumors surfaced that China's regulators have requested stress tests of their banks. The alleged tests would consider a 60% decline in residential property prices. That prompted some concern about how the possibility of plummeting property prices in China would hurt the global recovery. Though there was no real leadership to speak of, stocks fought off efforts to take them into the red. They then chopped along with modest gains before gradually climbing into the close …’
Japan, the U.S., Bubbles and Deflation
Midnight Trader ‘4:22 PM, Aug 4, 2010 --
- NYSE up 35 (+0.4%) to 7,182.14
- DJIA up 44 (+0.4%) to 10,680
- S&P 500 up 6.78 (+0.6%) to 1,127
- Nasdaq up 20 (+0.9%) to 2,304
GLOBAL SENTIMENT
- Hang Seng up 0.43%
- Nikkei down 2.1%
- FTSE down 0.09%
UPSIDE MOVERS
(+) SIRI boosts FY outlook.
(+) BKS exploring possible sale.
(+) ARIA swings to profit.
(+) DGIT beats Q2 estimates.
(+) DNDN misses Q2 estimates but says Provenge sales growing.
(+) FTLK postpones share offering.
(+) XOMA gets orphan drug status for Behcet treatment.
(+) SQNM gets upgrade.
(+) MOT gains as FT says tablet in the works.
(+) XJT sold to SkyWest for $6.75/share.
(+) SOLF upgraded.
(+) GRMN beats with earnings.
DOWNSIDE MOVERS
(-) BP down despite progress with mud fix.
(-) DSCO loss meets Street view.
(-) SMCI misses with earnings.
MARKET DIRECTION
Stock averages extended gains in the last stretch of Wednesday's session, ending up 0.4%-0.9%. Improved economic data and mostly upbeat earnings and guidance helped stocks recovery from Tuesday declines.
Gains followed upbeat reports on private-sector hiring conditions and the services economy though caution persists after Monday's sharp gains and ahead of Friday's Labor Department jobs report. Earnings news was mostly positive.
Oil closes lower but ends above $82 a barrel. The dollar is firmer for the first day in six but remains near a 15-year low against the yen. Gold gains but is shy of the $1,200 mark.
Ahead of the open, ADP said private employers added 42,000 jobs last month, slightly better the forecasts of economists polled by Thomson Reuters.
Meanwhile, the ISM's service sector index, covering the biggest component of the U.S. economy, rose to 54.3 in July from 53.8 in June. That's better than the 53 expected; any reading above 50 indicates growth.
In company news:
Two late-stage studies of an experimental hepatitis C drug from Merck & Co. (MRK) met two main effectiveness goals, according to Reuters. Merck expects to seek approval for boceprevir--a drug gained by Merck through its acquisition of Schering-Plough--by the end of the year, the report said.
Intel Corp. (INTC) reportedly settled with the U.S. Federal Trade Commission in an arrangement where Intel can't retaliate against computer makers who do business with non-Intel suppliers, according to a Wall Street Journal report of the deal. Additionally, Intel can't make benefits to computer makers in exchange for their agreement to only buy chips from Intel.
Motorola (MOT) is up after investor Carl Icahn again raised his stake in the company. Icahn raised his shareholding to 9.99% from 8.75% in May, according to a U.S. regulatory filing dated yesterday. The billionaire investor held 5.15% of MOT at the end of last year.
Shares of HSBC (HBC) are lower on word that American authorities are probing the U.S. division of the bank regarding its compliance with anti-money laundering procedures, Reuters reported, citing a regulatory filing. According to the filing with the U.S. Securities and Exchange Commission, HSBC has reportedly received subpoenas and other requests for information, the report said.
Barnes & Noble (BKS) is higher after it announced it would explore strategic alternatives, including a possible sale. The company's board said it came to this decision based on the price of Barnes & Noble shares in the marketplace, which the board believes are now significantly undervalued.
Pfizer (PFE) reportedly opted to not file an infringement lawsuit against DepoMed (DEPO) over gabapentin, a drug to treat epileptic seizures, according to a Reuters report. While the news is as expected, it removes an overhang from Depomed shares, according to Roth Capital Partners.
ExpressJet Holdings (XJT), parent company of regional and charter airline operator, ExpressJet Airlines, Inc., today announced that it signed a definitive merger agreement with SkyWest, Inc. (SKYW). SkyWest will acquire all of the outstanding common shares of ExpressJet for $6.75 per share in cash, or $133 million, subject to the conditions of the definitive merger agreement.
In earnings news, Internet company AOL (AOL) reported a $9.89 per share loss in Q2 based on a $1.4 billion accounting charge for social networking site Bebo. The company made $0.86 per share a year earlier. AOL says revenue fell 26% to $584.1 million. The Thomson Reuters survey called for $610 million in revenue.
Time Warner (TWX) shares are higher after the company reported a second quarter profit helped by improved advertising and box office sales. Time Warner reported second quarter net income of $562 million, or $0.49 a share, for the three months ended June 30. That was up from $524 million, or $0.43, a year ago. Without one-time items, the company would have made $0.50 a share versus analysts' expectations of $0.45 a share.’
Interest rates will go up quicker than anyone expects, ex-Bank of England officials warn Interest rates will have to rise earlier and more sharply than expected to keep inflation under control, two former Bank of England policy-makers have warned.
Celente: US oligopoly is a big lie August marks the three year anniversary of the beginning of the financial crisis. The collapse continues today, said Gerald Celente of the Trends Research Institute. Celente says that by focusing on the Great Depression, government experts are focused on the past and are neglecting the future. The Great Depression is history, argued Celente, saying it is time to look to the future, not the past.
Commercial real estate maturities will peak in 2012 – $350 billion in loans coming due and hundreds of additional bank failures. Bank lending in the CRE market collapsing The commercial real estate disaster is sinking banks on a weekly basis. Talk of a V-shape recovery is now largely a moot point since we are past the point of a quick and strong recovery.
SEC Probes BP Potential Insider Trading: Sources Reuters | U.S. securities regulators are investigating whether people may have illegally profited from trading on nonpublic information at BP in the weeks following the disastrous Gulf oil spill.
USDA Reports Food Shortages: Wall Street ‘Caught Off Guard’ by Severity Activist Post | Several recent headlines indicate that food prices will continue their swift climb upward.
China Tells Banks to Stress Test for 60% Home-Price Drop Bloomberg | China’s banking regulator told lenders last month to conduct a new round of stress tests to gauge the impact of residential property prices falling
(8-4-10) Dow 10,680 +44 Nasdaq 2,303 +20 S&P 500 1,127 +6 [CLOSE- OIL $82.47 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND OF FRUITS AND NUTS $3.13 REG./ $3.31 MID-GRADE/ $3.38 PREM./ $3.72 DIESEL)/ GOLD $1,195 (+24% for year 2009) / SILVER $18.29 (+47% for year 2009) PLATINUM $1,576 (+56% for year 2009) / DOLLAR= .76 EURO, 86 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.95% …..… 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!
WE’RE UNDERESTIMATING THE BEARISH POTENTIAL , August 3, 2010
’… Will Anything Stop the Market? Something Did
… At the same time, the April numbers were lowered the second time by an additional 24,000 units, while May sales were revised lower by 33,000 units. To summarize, April and May sales were reduced by 57,000 units. Therefore, June sales were 24% above May sales. By the way, May sales were the lowest on record. Is this really reason to celebrate? But wait, there's more. The S&P Case-Shiller Composite Home Price Index inched from 144.59 to 146.43 for May, a 1.25% increase. Many are unaware that the Case-Shiller Home Price Index is a three month average and is released with a two month lag. The most recent 3-month average as of May included the period when buyers still received their $8,000 tax credit. As the chart below shows, despite a 80%+ rally in equities, trillions worth of stimulus money, $8,000 home-buyers tax credit, and a lot of hot air, the Case-Shiller Index has only risen 6 points, or 5.15%, from its March 2009 low and remains 30% below its 2006 high. [chart]
Banks' Toxic Assets: It's no secret that the economy started choking because banks gorged on toxic real estate assets. As the real estate related losses piled up, banks got into trouble and started hording their meager funds and lending dried up. Since then, banks have taken free government money and invested it in various Treasuries. Even yields for short and long-term treasuries (NYSEArca: TLT - News) have fallen, and banks have been earning interest without risk, while businesses can't obtain funding. Another income source for banks has been securities trading. But, since stocks have fallen, so have banks' trading revenue, meanwhile banks' real estate portfolios remain unchanged. Unemployment is persistent and foreclosures continue to soar. Thus far, free interest and rising stocks have covered up the losses racked up by banks' portfolios of toxic assets. But the weak link (falling real estate prices) has not been fixed. Once pressure is put on the chain, it will break again. The problems within the financial sector have been visible all along. 106 banks, many of them regional banks (NYSEArca: KRE - News), have failed already in 2010. At the same time last year, only 65 banks failed. An additional 775 banks are on the FDIC's problem bank list. Unlike Wall Street and the financial media, the ETF Profit Strategy Newsletter bothers to take a look under the hood and examine the engines that drive the economy. It's quite obvious that a number of pistons have blown, the engine is sputtering but the car is rolling downhill. Once the next hill comes, the car (aka the economy) will come to a standstill. AAA can't fix blown pistons, neither can the government.
The ETF Profit Strategy Newsletter regularly and consistently monitors and analysis technical, fundamental, sentiment and valuation gauges to formulate detailed short, mid and long-term forecasts, along with a target for the ultimate market bottom. ‘
Treasury Secretary Timothy Geithner: Unemployment Could Go Up Before It Comes Down [Ooooh! Sounds like a plan ‘tiny tim’! … God bless us everyone! ] Treasury Secretary Timothy Geithner acknowledged that it is still a “tough economy” for most Americans, and warned it’s possible the unemployment rate will go up for a couple of months before it comes down as more people enter the labor force.
China Officially Enters The Gold Market: Full Release Of PBoC’s Plan To Expand And Develop China’s Gold Infrastructure The moment many gold bulls have been waiting for – the Chinese Central Bank has just released a directive informing everyone it is commencing the development of a healthy gold market.
The Dollar Continues To Fall Like A Knife, As Euro Breaks Well Above $1.32 Another violent change of direction from what we’ve come to expect from the euro and the dollar.
22 Statistics About America’s Coming Pension Crisis That Will Make You Lose Sleep At Night As the first of the 80 million Baby Boomers have begun to retire, it has become increasingly apparent that the United States is facing a pension crisis of unprecedented magnitude.
Americans who swap passports London Telegraph | At the US Embassy in London, there is a waiting list that none of the officials likes to discuss. At the US Embassy in London, there is a waiting list that none of the officials likes to discuss. On the list are Americans hoping to give up their citizenship… (sure sign of insanity … I mean, Orwellian england of all places?)
Temporary Firehouse Closures Begin In Philadelphia CBS 3 | The city of Philadelphia has started temporarily closing fire stations in order to balance its budget.
Layoffs to gut East St. Louis police force St. Louis Dispatch | East St. Louis will layoff 37 employees, including 19 of its 62 police officers.
Come on! Who are they kidding? All the data was bad, and that ‘not bad as expected dog don’t hunt anymore’!
They’re losing their minds in china:
Silicon Alley Insider: ‘… The first big economic news of the week was the Chinese PMI which indicated that Chinese manufacturing was inching ever closer to contraction. But contrary to the expectations of some, it did not spook investors. In fact, Asia had a very big night, with Shanghai gaining about 1.3% …’;
europe:
the basket-case eu economy, with obfuscation taken directly out of the fraudulent wall street playbook including fake stress tests, saw air ball stock rally based on earnings data long ago discounted;
u.s.:
We already know they’re criminally insane on wall street! Yahoo: ‘…The mood improved further still after the ISM Manufacturing Index for July came in at 55.5. That may have marked a pullback from the 56.2 of June, but it exceeded the 54.2 that had been widely expected ...’
Oh, yeah … there’s also the higher oil prices, ever more worthless Weimar dollar part of the rally, and so on!
This is an especially great opportunity to sell / take profits since there is much worse to come!
Warning Signs Suggest Market Headed for Another Collapse In early January 2008, I had a very troubling conversation with my colleague at Matrix Analytix regarding a significant warning sign suggesting that a major crisis loomed on the horizon of the equity markets that year. The content of our conversation was focused on the implications of a massive one-year head & shoulders on the S&P 500 (SPY). The issue consistently pervaded my mind because if what the equity markets seemed to signal was true, we were probably headed for a major collapse. I remember asking him specifically, “Can this be for real? What are the implications of a head & shoulders of that magnitude completely unwinding?”My colleague all but confirmed my concerns even pointing to a potential culprit for the impending downturn. He had noted that the markets had all but brushed off early warnings of systemic risk and liquidity concerns posed by the potential failure of subprime MBS’s that August, and that such concerns were likely to resurface in 2008. I, for one, didn’t really care what the potential culprit may be. For me, the fact that market technicals suggested that an impending failure was drawing near formed the basis of my concerns.The fact that market participants, investors, and the mainstream media continued to put their heads in the sand and ignore such blatant signs of the broader market was simply unacceptable. At the time, the S&P 500 had rallied nearly 35% over the past 2 years. There was rampant discussion of Dow (DIA) 18,000 as the market continued to “benefit” from the so-called “Goldilocks economy.” Almost everyone was either oblivious to the warning signs of the broader market or simply decided to ignore them.
Turn the page to today, and it’s the same story all over again. While investors, fund managers, and the mainstream financial media debate whether we’re headed for a double-dip recession, they simply continue to disregard the obvious technical damage done on the broader market. Once again, this article is not so much concerned with the potential fundamental reasons or theories advanced as to why the markets might unravel. Instead, I’m more concerned with what the broader market seems to be telling me about the immediate future.
One can find no shortage of fundamental or mechanical theories explaining what might form the basis of a future financial collapse published at Zero Hedge, by Nassim Nicholas Taleb, Nouriel Roubini or Karl Denninger. In fact, I buy into a lot of the evidence presented by these sources, and believe that one gains a better grasp of financial reality spending 10 minutes with Zero Hedge than spending 2 weeks listening to the mainstream financial media. It is laughable to compare the vacant drivel coming out of Dennis Kneale to even one single article published by Tyler Durden or Ryan Iskander.
Once again, right now I’m focused on what the trading activity in the broader market seems to be telling me rather than on what the fundamentals of the economy or the mechanical structure of the markets indicate. The techncials suggest, as they did in early 2008, that there is something fundamentally wrong with the financial markets and that a collapse, whatever the fundamental reasons may be, is potentially drawing near. There are seven issues I’ll briefly discuss below, and why it's imperative that my readers should explore these issues in more detail.
1. HEAD & SHOULDERS ON THE S&P 500, DOW JONES, AND NASDAQ
The biggest warning sign the market seems to be giving us right now is the blatant 10-month head & shoulders formation seen on each of the major indices. Like in 2008, a massive head & shoulders of this magnitude is not something that investors ought to take lightly. Millions chose to ignore this warning sign in 2008 at their peril. I’m not going to sit here and belabor the point as I’ve already written extensively on this topic, which could be found here.Yet, to summarize, a head & shoulders formation is arguably the most bearish technical formation in the books. The time, breadth and size of this head & shoulders is exactly the same as what we saw in early 2008 just before entering the biggest bear market in modern history …
[chart]
2. BULLISH FLAG ON THE VIX?
Almost as important as the head & shoulders on every broad market index and exchange is the huge bullish flag on the VIX, VXN and VXX (VXX). Volatility looks like it's about to explode higher in the September to October time frame. A convergence of the upper and lower trend lines appears to take place near the end of August. This certainly does not bode well for the markets. An explosion of volatility can only be viewed as conclusively negative for the markets. We can’t have a massive spike in volatility without a coinciding collapse in the equity markets …
[chart]
3. THE DEATH-CROSS ON THE S&P SUGGESTS THE 2009 TO 2010 RALLY MIGHT BE OVER
This topic has already been written about quite extensively over the past few weeks. As you may or may not be aware, the 50-day moving average crossed under the 200-day on the S&P 500 signaling that the March 2009 to April 2010 bull market might be at an end. When the 50 and 200 days cross in this manner, it suggests that the overall trend has weakened to such a degree that the recent price action is viewed as a topping process for the markets. We saw this exact same bearish cross on the S&P 500 in early January 2008 right at the start of the great bear market. You can read more about the death-cross here, here and here …
4. THE VOLUMELESS RALLY & MUTUAL FUND OUTFLOWS
Arguably one of the biggest warning signs suggesting that the entire 2009 to 2010 advance is just a bear market rally arises from the fact that the move was done on increasingly less volume. The clear lack of conviction indicates that the move was orchestrated by very few market participants. Some have advocated that the 2009 to 2010 rally was performed under the complete control of the federal reserve or by high frequency traders in either a ploy to combat deflation or by fixing the odds of the market to favor the very few. If Goldman Sachs (GS) posting gains every day in Q1 isn’t enough evidence that the game is fixed, I don’t know what is.
Every down move in the market is done on massive volume, and every up move on little to no volume. Each day of the February to April melt-up rally was easy to predict. When volume tanks, the market rises and volume picks up, the market tanks. What kind of no-conviction fraudulent market rallies on zero volume and tanks on heavy volume? Even the July bounce to this correction was done on low volume. Down days in July exhibited huge volume while up days saw declining participation.
This lack of conviction in the equity markets is further evidenced by the disconcertingly significant mutual fund outflows seen over the past year. Tyler Durden notes in an article posted at Zero Hedge last week:
The latest update from ICI is a doozy: in the week ended July 21, domestic equity mutual funds saw a 12th sequential outflow of $1.5 billion. Even as the market has surged 10% in the last three weeks, just under $10 billion have been redeemed from mutual funds, completely invalidating the move and further justifying the skeptics who see absolutely no reflection to reality in the volumeless ramp orchestrated by a few momentum HFTs and a couple of Primary Dealers with some excess leftover Discount Window change. Not to mention that 12 weeks in a row of outflows pretty much marks game over as far as retail participation is concerned in stocks…
[chart]
5. 1,000 POINT FLASH CRASHES
Adding to the concerns of low volume and mutual fund outflows, if 1,000-point inter-day swings in the Dow doesn’t raise a clear red flag to investors that the mechanics of the market is under fire, then clearly nothing can convince the average investor to consider caution in the coming months. Whether the so-called “flash-crash” was the result of some questionable “fat-finger” trade or the result of everyone putting in stop losses at the same level on the S&P (which I warned about 7-minutes prior to the crash see here) is anyone’s guess…
[chart]
6. BOND MARKET DISTRUSTFUL OF THE RALLY
…
7. MARKET LEADERSHIP IS WEAKENING
[chart] … ‘
INSIDER TRANSACTIONS (Washington Post) 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
Why Must The Media Keep Trotting Out Senile Incompetent greenspun And His Economic Lunacy? …and we continue to talk ourselves off the edge of the cliff. For the second week in a row Meet The Press trotted out the most financially incompetent of the financially incompetent and placed them on their undeserving pedestal.
Key Components Of America’s Military Are Now Dominated By A Chinese Monopoly Most of America’s key military technologies require rare earth elements, whose production China holds a near-monopoly over.
alan greenspan: “The Financial System Is Broke” We will be in deflation until the broke financial system becomes unbroke… and then we will have hyperinflation. [Little bit late to be talkin’ the obvious truth!]
Gold Has Got Its Groove Back How dare any of you second guess the gold bugs. From a day’s low of $1,168 per ounce, the yellow metal rallied to a day’s high of $1,186. Our precioussss is back on a tear, maybe.
Trying to make August less of a 'dog' with sidewalk sale (Washington Post) Sounds like a new, new plan to deal with the overwhelming success of the panoply of government stimulus / tarp, etc., plans ‘financed’ with money they don’t have and taxpayer ‘largesse’. For those who’ve lived long enough, they’re waiting for the apple carts.
Did TARP work? Two economists say yes. (Washington Post) Come on! What do you expect them to say? They’re invested in that position having supported same despite the massive fraud for prosecution and disgorgement was appropriate. Indeed, moody’s itself has been faulted (liable?) for lax valuation / rating standards which contributed to the debacle. Moreover, these ‘cheerleaders’ can always be counted on to toe the network line which ultimately enables the ubiquitous frauds we’ve seen. Amazingly, senile incompetent greenspun, co-architect / enabler of the fraud / debacle was interviewed and used such words in conjunction as ‘modest recovery, pause, double-dip possible, quasi recession’. What total b***s***!
Are the American people obsolete? Salon | The richest few don’t need the rest of us as markets, soldiers or police anymore. Maybe we should all emigrate.
What's coming this week (Washington Post) How ‘bout last week and the new american economic institution colloquially now known as ‘bank failure Friday’ (the news dump so as to avoid the so-called ‘news cycle’). Then, let’s hope for real rather than election-year market frothing fake / false / manipulated data.
U.S. bank failures total 108 after 5 shut on Friday U.S. bank failures reached 108 so far in 2010 on Friday as regulators seized five small banks in the Pacific Northwest and the Southeast, none publicly traded.
Foreclosures Continue To Dramatically Increase In 2010 Economic Collapse | RealtyTrac says that unemployment has become the major reason for foreclosures. In a very alarming sign for the U.S. economy, foreclosures have continued to dramatically increase in 2010. But there has been a shift.
U.S. recovery hopes fade as economic growth dips Washington Post | The recovery is fading, and a troubling new pattern is setting in: economic growth that is too slow to put Americans back to work. The recovery is fading, and a troubling new pattern is setting in: economic growth that is too slow to put Americans back to work.
Ron Paul Goes After The SEC’s FOIA Exclusivity, Introduces SEC Transparency Act What is unclear is whether the Ron Paul law prohibts SEC staffers to spend 40 hours per week to browse porn on the taxpayer’s dime.
Very Curious Activity in the Gold Bullion Market Leads to Speculation that Banks are Short Tons of Gold Huge gold swaps have recently occurred between the Bank for International Settlements and various banks in Western Europe and the United States. Bankers are attempting to play this up as “business as usual”. However, the gold swaps that have been conducted lately are recording breaking in size, as far from “business as usual” as you can get.
U.S. recovery hopes fade as economic growth dips The recovery is fading, and a troubling new pattern is setting in: economic growth that is too slow to put americans back to work.
Stocks' Late Push: Some Optimism, Some Pessimism [Late push … as in a constipated bowel movement … Come on! Another one of those push the computer programmed trade button and off we go, reality / valuation / economics be damned. In real security analysis (very simplified / summarized), as opposed to the continued frauds on wall street, one must begin with the largest and most significant aggregate (a simple word picture / analogy: ‘rising tide lifts all boats’). If you get this right, the probabilities in your favor are substantially enhanced. From there, you want leading industries, and leading companies within said leading industries (again, larger aggregates then picks, to enhance probabilities, not guarantees, in your favor). Your time frame, 1-3-5 yrs tops for projections, (including income statement/EPS, balance sheet, and applying an appropriate P/E – a detailed, multi-faceted approach beyond what could be described in this summary); and, that’s all they are, projections. Beyond that time frame, your guess. On fraudulent wall street, every day, though already discounted in large part (6-8 mos, approx.), the market spins, churns, and with lightning fast computerized high-frequency trade programs commissions in huge volumes like no other time in financial history when real valuation meant something, with no net economic value added, but very lucrative to the frauds on wall street, which ultimately is a net detriment to the economy / the nation /and other industries as we’ve seen and as described elsewhere on this site and in these posts http://albertpeia.com . Preposterously, they even sometimes refer to seasonal factors as if hearing them for the first time and ‘explaining’ an up move (almost invariably already discounted). Today, they shrugged off the deepening economic reality despite the election year frothing / manipulations. 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. ].
Slowing economic rebound raises unemployment fears (AP) [Wow! Talk about understatements!]
China Becomes Second Biggest World Economy China has overtaken Japan to become the world’s second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.
Hank Paulson Wants To Fix Fannie And Freddie By… Recreating Fannie And Freddie Former Treasury Secretary, Goldman Sachs CEO, and bailout architect Hank Paulson has a bit of a head-scratcher of an op-ed in the Washington Post this evening all about charting a course for sustainable housing policy in the US.
Marc Faber Questions if Dow Could Hit 1,000 In the August edition of the ‘The Gloom, Boom & Doom Report’ Marc Faber questions whether the Dow could hit 1,000 as predicted by Robert Prechter, based on his interpretation of Elliot Waves, Fibonacci numbers and socioeconomic trends. Prechter, who has written 13 books on finance (external link), believes that the stock market is historically overvalued in terms of dividends and earnings, because of a “great rise in positive social mood.” But the mood changed in 2000 and the “trend toward negative social mood will lead to an economic contraction,” according to Prechter. “Small bear markets lead to recessions, big bear markets lead to depressions. The current bear market will be the biggest in nearly 300 years, so the depression will be correspondingly deep,” Prechter said.
The International Money Changers Reward the Euro for Forcing Austerity Activist Post | The growing noise for “solutions” to America’s very real debt problems is becoming louder as the calls for confiscating Social Security and Pensions are now everyday news.
Wall St falls after weak outlooks drag (Reuters) U.S. stocks sagged in volatile trading on Thursday after weak outlooks from technology companies and downbeat comments from a Federal Reserve official gave investors little reason to buy.
US Treasury is running on fumes The White House is screaming like a stuck pig. WikiLeaks’ release of the Afghan War Documents “puts the lives of our soldiers and our coalition partners at risk.”
Trillions for Wall Street Mike Whitney | The bottom line? When Wall Street is hurting, money’s never a problem.
Look What Surprises They Snuck Into The Financial Reform Bill The Economic Collapse | The financial reform bill was supposed to “fix” Wall Street and the financial system, but it did not do much of anything. Even just a decade ago, major pieces of legislation in the U.S. Congress would be just a few dozen pages long. But today, it seems like every time Congress passes an important bill it ends up being over a thousand pages long.
Cash-starved California orders unpaid leave for workers California Governor Arnold Schwarzenegger declared a fiscal state of emergency Wednesday, requiring most state employees to take three days of unpaid leave per month until a new budget is enacted.
The Obama Administration Tries To Propagandize Its Way To An Economic Recovery Yesterday we noted how, absurdly, The White House blog was trumpeting a new cheap housing program as part of its recovery efforts.
Fed says some districts report slowing economy (Reuters)
Flaws of the European Stress Test … 'Bank stress test' became the magic phrase. Nothing calms fear like a stress test that's labeled as rigorous. The stress test raises a few very obvious questions: 1) Will it work? 2) Why was it needed in addition to a $1 trillion aid package? 3) Is the stress test just a gimmick to appease investors? The stress test is conducted by the London-based Committee of European Banking Supervisors (CEBS). Ironically, the test has ignored the majority of banks' holdings of sovereign debt. Sovereign debt concerns by the so-called PIGS countries (Portugal, Italy, Greece, and Spain) triggered the latest wave of financial problems. Ignoring sovereign debt in the Euro stress test would be like ignoring toxic real estate assets in the U.S. 10% Good - 90% Bad According to a Morgan Stanley survey, European banks hold about 90% of their Greek government bonds in their banking books and 10% in their trading books. The bonds in the banking book are generally held until maturity, the bonds in the trading book are traded more frequently. According to a document obtained by Bloomberg, the stress test assumes a loss of 23.1% on Greek debt, 14% on Portuguese bonds, 12.3% on Spanish debt, 4.7% on German debt, 10% on U.K. debt, and 5.9% on French debt. However, the stress test only looks at the bonds held in banks' trading books, which account for a mere 10% of Greek bond holdings. Can that be called a stress test? Nouriel Roubini says that 'the assumptions made about economic growth, about sovereign risk are not realistic enough.' The fact that only seven banks failed the test with a combined shortfall of $4.5 billion confirms the lax nature of the test. … The U.S. Bank Stress Test - A Nice Façade A closer look under the hood of the U.S. bank stress test, however, shows that there's not much substance behind the facade either. It was determined that the 19 tested U.S. banks need to increase their balance sheets by $75 billion to meet the conditions of what's termed the 'worst case scenario.' To a large extent, the $75 billion of additional capital was financially engineered. Banks didn't have to actually raise $75 billion. They were able to change the label of some of their assets on their balance sheets. The government supported this practice via mandatory convertible preferred shares (detailed analysis in May 2009 issue of the ETF Profit Strategy Newsletter) …’
SEC Says New FinReg Law Exempts It From Public Disclosure So much for transparency.
Regulatory Magic President Obama has signed the financial industry regulatory overhaul — officially, the Dodd-Frank Wall Street Reform and Consumer Protection Act. Predictably, what he said about it cannot possibly be true.
Jim Rogers Calls CNBC A Market PR Agency Whose Sole Purpose Is To Make Stocks Go Higher A “cheeky” Jim Rogers appeared earlier on CNBC Europe (which incidentally is orders of magnitude better than its US equivalent), and confirmed the depths to which the once relevant and informative TV station has now fallen.
Flashback: Bush report: Sending jobs overseas helps U.S. The movement of American factory jobs and white-collar work to other countries is part of a positive transformation that will enrich the U.S. economy over time, even if it causes short-term pain and dislocation, the Bush administration said yesterday.
Smoking Guns of U.S. Treasury Monetization Kitco | A significant feature of fiat money systems is the privilege for the custodian of the reserve currency to engage in regular practices of ham-fisted monetary management.
Banking Disaster Largely Ignored By Mainstream Media Greg Hunter | It is amazing to me how little time the mainstream media is spending on this unfolding financial disaster and how much time it is devoting to things like Mel Gibson’s domestic problems.
Moody's: Regional banks on review for downgrade (AP)
Consumer confidence dims (Reuters) Job worries drove July U.S. consumer confidence to its lowest since February, with one in six people expecting lower income in the next six months, underscoring the precarious state of econo...
Global steelmakers paint gloomy picture (Reuters)
State budget gaps total $84 billion: study
Another Recession Due Circa 2012: Jim Rogers A new recession would be due around 2012 but central banks will not be able to throw cash at it anymore, Jim Rogers, chairman of Rogers Holdings, told CNBC Tuesday.
Marc Faber: Relax, This Will Hurt A Lot Marc Faber closed out this week’s Agora Financial Symposium with a speech that pretty much recapitulated the view that the end of the world is if not nigh, then surely tremendous dislocations to the existing socio-political and economic landscape are about to take place (with some very dire consequences for the US).
The Continuing Crisis in the New World Order LewRockwell.com | The crisis continues in the new world financial order with no end in sight and no real solution being put forth.
China Calls Our Bluff: “The US is Insolvent and Faces Bankruptcy as a Pure Debtor Nation but [U.S.] Rating Agencies Still Give it High Rankings” America’s biggest creditor – China – has called our bluff.
US bank failures in 2010 surpass 100 WASHINGTON (AP) -- U.S. bank failures this year have surpassed a bleak milestone of 100 as regulators shut down banks in Georgia, Florida, South Carolina, Kansas, Nevada and Minnesota. The six bank seizures announced Friday bring to 102 the failures so far in 2010. The pace of bank closures this year is well ahead of that of last year, which saw a total 140 bank shuttered amid the recession and mounting loan defaults …
On the Disconnect Between the Market and the Economy Michael Shulman:
- The index of leading economic indicators fell 0.2% in June, the second drop in three months. A negative surprise.
- Unemployment claims rose to 464,000, more than expected.
- Uncle Ben said we are facing a period of “unusual uncertainty.” No kidding.
- Uncle Ben said we need continuing stimulus to a Congress unwilling to stimulate anyone or anything other than lobbyists with cash to contribute.
- Home sales fell 5.1% in June…’
(No recession helicopter ben) Bernanke Admits Major Policy Failures; Stocks Soar Darryl Montgomery What's wrong with this picture? In his bi-annual testimony before Congress yesterday, Fed Chair Ben Bernanke admitted that after more than a year and a half of zero interest rates and $3 trillion in federal deficit spending since 2008, the best case scenario for the U.S. economy is slow growth and high unemployment. The S&P 500 is up 2.5% so far this morning on this 'good' news. Bernanke's congressional testimony included the following statements (emphasis added by me):
"Most [FOMC] participants viewed uncertainty about the outlook for growth and unemployment as greater than normal, and the majority saw [at the June Fed meeting] the risks to growth as weighted to the downside."
"Financial conditions--though much improved since the depth of the financial crisis--have become less supportive of economic growth in recent months."
"Many banks continue to have a large volume of troubled loans on their books, and bank lending standards remain tight. With credit demand weak and with banks writing down problem credits, bank loans outstanding have continued to contract."
"After two years of job losses, private payrolls expanded at an average of about 100,000 per month during the first half of this year, a pace insufficient to reduce the unemployment rate materially. In all likelihood, a significant amount of time will be required to restore the nearly 8-1/2 million jobs that were lost over 2008 and 2009."…
Serious Analysis has given rise to a realistically mocking view of the current fraud on wall street:
The Markets & The 'Teen Drama Economy' Jonathan Cheng If the market’s mood swings these days are reminding you of high school, you’re not alone ...
NATIONAL / WORLD
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.
Recession in U.S. Even Worse Than Estimated, Revisions Show The worst U.S. recession since the 1930s was even deeper than previously estimated, reflecting bigger slumps in consumer spending and housing, according to revised figures.
Brain Eating Vaccines: The Reality Behind The “Conspiracy Theory”
New IMF Strategy Document Charts Launch Of “Bancor” Global Currency
Feds admit storing checkpoint body scan images
Obamacare Defeated- Proposition C Passes in Missouri with 70% Support
A New Breed of Genetically Engineered Vaccines Will Take Control of Our DNA and Minds
Intel Experts Warn Obama Israel May Bomb Iran This Month
Prince of Darkness & Delusions of Godlike Status: Prince Charles and His Royal Global Terrorists In another example of what has become the norm from pseudo intellectual inbred royal families, Prince Charles again showed an example of his utter buffoonery and idiocy when he claimed to be on the planet to save us all from ourselves.
Army Suicide Report Ignores Role of Suicide-Inducing Drugs The long awaited Army report, “Health Promotion, Risk Reduction, Suicide Prevention” considers the economy, the stress of nine years of war, family dislocations, repeated moves, repeated deployments, troops’ risk-taking personalities, waived entrance standards and many aspects of Army culture.
The Truth About Fluoride Hits Mainstream Television in Australia The truth about fluoride and its toxicity levels are rarely publicized on the mainstream media. After all, how would the public react if they learned they were being deliberately poisoned by their own governments?
Obama Drops 2009 Pledge to Withdraw Combat Troops from Iraq Seventeen months after President Barack Obama pledged to withdraw all combat brigades from Iraq by Sep. 1, 2010, he quietly abandoned that pledge Monday, admitting implicitly that such combat brigades would remain until the end of 2011.
FBI reading your email? The Obama administration is seeking to make it easier for the FBI to make companies turn over records of individual’s Internet activity without a court order. As long as the agents deem the information relevant to a terrorism or intelligence investigation, it is legal under this potential bill. Many electronic privacy organizations see it as a major violation of privacy and the constitution.
US faces deadliest month in Afghan war With 63 US service members killed, July has become the deadliest month for American forces stationed in war-torn Afghanistan.
Google and CIA Plough Millions Into Huge ‘Recorded Future’ Monitoring Project Google’s cosy relationship with the U.S. spy network has once again been thrust into the spotlight as the company is reported to have jointly invested with the CIA in an Internet monitoring project that scours Twitter accounts, blogs and websites for all sorts of information, and can also “predict the future”.
Google and CIA Fund Political Precrime Technology More evidence has emerged revealing Google’s spook connections. Noah Shachtman, writing for Wired, details how the CIA’s technology investment operation, In-Q-Tel, and Google are supporting a company that monitors the web in real time.
President Obama calls African-Americans a ‘mongrel people’ President Obama waded into the national race debate in an unlikely setting and with an unusual choice of words: telling daytime talk show hosts that African-Americans are “sort of a mongrel people.”
White House proposal would ease FBI access to records of Internet activity The Obama administration is seeking to make it easier for the FBI to compel companies to turn over records of an individual’s Internet activity without a court order if agents deem the information relevant to a terrorism or intelligence investigation.
Google and CIA Plough Millions Into Huge ‘Recorded Future’ Monitoring Project Steve Watson | Search Company’s ties to spy agency in spotlight again over real time Internet monitoring.
Google and CIA Fund Political Precrime Technology Kurt Nimmo | Google is complicit in the concerted effort to build a huge surveillance and control grid.
Source of leaked military docs unknown: WikiLeaks While the United States is trying to hunt for the individual behind the massive leak of US military data on Afghanistan war, the whistleblowers’ website, that made the 91,000 classified documents available to the world, has said that the source of leak is unknown.
Possible False Flag? Japanese Say Oil Tanker Attacked Near Hormuz Bloomberg is reporting this morning that an oil tanker owned by the Japanese company Mitsui O.S.K. Lines Ltd., operator of the world’s second-largest oil-tanker fleet, may have been attacked near the Strait of Hormuz, a strategically important waterway between the Gulf of Oman and the Persian Gulf bordering Iran.
Document leak part of U.S. plot, says Pakistani ex-general with ties to Taliban From the deluge of leaked military documents published Sunday, a former Pakistani spy chief emerged as a chilling personification of his nation’s alleged duplicity in the Afghan war — an erstwhile U.S. ally turned Taliban tutor.
Leaked files indicate U.S. pays Afghan media to run friendly stories Buried among the 92,000 classified documents released Sunday by WikiLeaks is some intriguing evidence that the U.S. military in Afghanistan has adopted a PR strategy that got it into trouble in Iraq: paying local media outlets to run friendly stories.
World Net Daily (I found them to be a less than credible israeli / bush aministration shill at best and haven’t even looked at said site in many years) writer says Fluoride is good for you. An open letter to Phil Elmore Rob Dew / Kurt Nimmo | The only winners are the aluminum and fertilizer industries that work hand in hand with public water works to send toxic waste into the homes of millions across our country.
Congress extends war funding for Afghanistan Baltimore Co. Independent Examiner | Congress voted to extend funding for the war in Afghanistan by an additional $59 billion late on Tuesday.
Kucinich: 92,000 reasons to end the wars AFP | US lawmakers opposed to the Afghan war, emboldened by a huge leak of military files on the conflict, pushed Tuesday for pulling US forces from Pakistan.
Oliver Stone has apologized for his anti-Semitic rant, but is the damage already done. What damage? To perceived reality as opposed to reality? When you look at america’s pro-israel, self-destructive, contra-indicated policies, including the hands off policy vis-à-vis fraudulent wall street, you see the truth to what he says which is what so many astute individuals are already thinking / realizing. How can people continue to ignore the truth, to their own detriment Think about it. Do you really think he would risk the typical onslaught if the same weren’t true? ‘Director Oliver Stone has been forced to make a grovelling apology over an anti-Semitic outburst. The double Academy Award winner claimed that the Russians suffered more during the Second World War and that there was a Jewish 'domination of the media'. Stone also said that Jews had '****ed up' U.S. foreign policy for years and suggested the British supported Hitler ...’ The relentless attacks on Mel Gibson are of the same caliber and purpose; suppression of truth!
Infowars.com Poll: Majority Believe Road Warrior Depression Coming Kurt Nimmo | Like the Great Depression, the Greatest Depression now being scientifically created has a specific agenda in mind.
On the Bloated Intelligence Bureaucracy
Disappearing Act: $8.7 Billion of Iraq Development Money Missing Kurt Nimmo | Government says it is all the fault of shoddy accounting practices.
Ahmadinejad: US Expansion Of War In Middle East Imminent Steve Watson | Tensions rise with saber rattling rhetoric.
David Cameron: Israeli blockade has turned Gaza Strip into a ‘prison camp’ David Cameron used a visit to Turkey to make his strongest intervention yet in the intractable Middle East conflict today when he likened the experience of Palestinians in the blockadedGaza Strip to that of a “prison camp”.
Rockefeller Study Envisages Future Dictatorship Controlled By Elite … (Vegetables … Yes, Asparagus, not Broccoli) … Here’s the pathetic news, however; it’s called reality: [Neanderthals, Humans Interbred, DNA Proves Signs of Neanderthals Mating With Humans - Neanderthals mated with some modern humans after all and left their imprint in the human genome. Genome hints humans, Neanderthals rolled in prehistoric hay You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals and people interbred, fossil analysis finds For more info on man’s humble beginnings, see here http://www.albertpeia.com/anthroindex1.htm Previously I wrote: FOUND: MISSING LINK BETWEEN APES AND MAN.... These stories, and the many like it, are old news and I subscribe to the more studied view that there is no “missing link” per se and in my view they are distinctions without significant differences. I previously wrote: [see infra] and [Interestingly, my intuitive (but unstudied) thoughts prior to closer examination of the compelling subject of Biological Anthropology remain what I believe to be the correct scenario. Specifically, very simply stated, for the most part, the more “enlightened” (but not by much; by mutation, accident, luck, intervention, etc.) left the unvarying confines of their Sub-Saharan origins, experienced diverse new environs, challenges, etc., experienced what has been described (by neuroscientists, psychologists, etc.) as neurogenesis in varying degrees and forms thereby over time, which trait was selected for and is consistent with the purported multi-regional evolutionary model which does not overtly contradict ultimately, initial African origins. Races, sub-species, missing links, etc., are subsumed in this very humbling and sorrowful tale of the “dawn of man”.] [see infra] …] Global pandemics that kill millions, mandatory quarantines, checkpoints, biometric ID cards, and a world of top-down government control. These things are not lifted from the latest sci-fi blockbuster movie, they’re part of the Rockefeller Foundation’s vision for what the globe might be like in 15-20 years’ time under a new world order tightly controlled by the elite. [That’s getting awfully close to the outside ‘decades, not millennia or even centuries’].
Iran accuses US and UK of supporting group behind mosque attacks Iran is vowing to hunt down a Sunni separatist group which claimed responsibility for a double suicide bombing that killed 28 people at a mosque in the south-eastern city of Zahedan.
US, NATO behind Iran bombings: MP An Iranian lawmaker slams the recent bombings in the country’s southeast as a plot by Western military forces in the Middle East to spread terror on Iran’s borders.
WASHPOST Ombudsman: Why Silence on Black Panther Story? (Washington Post) ‘Thursday's Post reported about a growing controversy over the Justice Department's decision to scale down a voter-intimidation case against members of the New Black Panther Party. The story succinctly summarized the issues but left many readers with a question: What took you so long? For months, readers have contacted the ombudsman wondering why The Post hasn't been covering the case. The calls increased recently after competitors such as the New York Times and the Associated Press wrote stories. Fox News and right-wing bloggers have been pumping the story. Liberal bloggers have countered, accusing them of trying to manufacture a scandal. But The Post has been virtually silent. The story has its origins on Election Day in 2008, when two members of the New Black Panther Party stood in front of a Philadelphia polling place. YouTube video of the men, now viewed nearly 1.5 million times, shows both wearing paramilitary clothing. One carried a nightstick…’
Latino KKK: You are too white to be American! ALIPAC | Tan Klan woman can scream racist comments because the Obama administration and most of the major news networks in America have her back.
‘West, israel linked to SE Iran blasts’ A ranking official with the Islamic Revolution Guards Corps (IRGC) has implicated “the us, israel and some european countries” in the deadly blasts in the southeastern Iranian city of Zahedan.
De-classified Vietnam-era Transcripts Show Senators Knew Gulf Of Tonkin Was A Staged False Flag Event Over 1,100 pages of previously classified Vietnam-era transcripts released this week by the Senate Foreign Relations Committee highlight the fact that several Senators knew that the White House and the Pentagon had deceived the American people over the 1964 Gulf of Tonkin incident.
Afghans march in Kabul to denounce NATO strikes that killed civilians: Demonstrators shout anti-American slogans, denounce NATO strikes (Washington Post ) Sounds like a plan! Almost surreal was the appearance of gates on failed network ‘news’ show to shill the non-strategy of draw down (of troops) linked to success. What success? Just being there and every day they’re there is unequivocally abject failure. Celebritology Weekend: Angelina Jolie biography arrives; Heidi Montag files for divorce (Washington Post ) I usually don’t weigh in on entertainment news, but this headline concerning what appears to be a disparaging, and quite selectively so, purported biography of Angelina Jolie is very disheartening when you consider the numerous instances of failed leadership at nearly all very high levels of government having so detrimental an impact on the world, that morton deems his time appropriate to an actress who has actually tried to do good things (U.N., etc.) without having to. Indeed, even her latest film ‘Salt’ (spectacular by any standard as is her performance – there are at least 2 winning sequels there with 4 the max and stretching it owing to age – she puts all, and I mean all the ‘Bonds’ to shame) had an important message in terms of the damage to this nation by a seemingly endless, nation-bankrupting, anti-american (war criminal israelis already, and quite correctly, globally hated) sentiment producing war strategy that is neither strategy nor reasonably consistent with any positive american goal / objective; but rather is such a debacle and folly that the same could very well be one that only an enemy of defacto bankrupt america could hatch and for the reasoning set forth in the well-written / directed film. She astutely observed and talked about the synchronicity of the film as juxtaposed to recent events revealing that she is wiser than most in Washington.
Wall Street Is Laundering Drug Money And Getting Away With It Zach Carter | Wachovia was moving money behind literally tons of cocaine from violent drug cartels. It wasn’t an accident.
Vegetable zionist Zelig joe lieberman’s Model For America: Purging The Internet of Dissent When political Zelig joe lieberman attempted to justify draconian legislation that would provide President Obama with a figurative kill switch to shut down parts of the Internet, he cited the Chinese system of Internet policing as model which america should move towards
Drudgereport: NEW LOW FOR O: USATODAYGALLUP HAS OBAMA APPROVE AT 41%...
GALLUP: Blacks and Whites Continue to Differ Sharply on Obama...
JUDGE KNOCKS DOWN MARRIAGE PROP IN CA
BLOW TO O: MO SAYS NO
Voters overwhelmingly rejected federal mandate to purchase health insurance...
Americans swap passports; Desire to avoid tax leads some to renounce citizenship...
Ahmadinejad survives blast near motorcade...
'Stupid Zionists have hired mercenaries to assassinate me'...
FALTERING RECOVERY TRIPS DOLLAR...
GM, FORD and CHRYSLER Sales All Lag Estimates...
Stimulus Slammed: Republican Senators Release Report Alleging Waste...
The 100 worst stimulus projects...
SHOCK VIDEO: DEM CONGRESSMAN BRAGS: 'FEDERAL GOVERNMENT CAN DO MOST ANYTHING IN THIS COUNTRY'...
Deadliest Month Of Afghan War
Paper: Will Washington's Failures Lead To Second American Revolution
Maxine Waters faces trial over bank bailout funds...
HOT WATERS
Dems Say Sorry, Charlie...
Democrats Say Rangel Should Resign...
Obama: Time For Rangel To End Career 'With Dignity'...
Dutch become 1st NATO member to quit Afghanistan...
GATES: Few U.S. troops to leave in 2011 … Sounds like a … no plan! ...
JOINT CHIEFS CHAIRMAN: Defacto bankrupt u.s. has Iran strike plan Riiight! … new war plan the u.s. plan for dealing with failed plans ...
Gdp: 2.4%
Mediocre Growth...
Recession Deeper Than Gov't Previously Thought...
Nyt: Employment Outlook Fades...
Prince Charles: 'My Duty Is To Save The World' … Well, so much for that. There Goes The World! ...
AP: A bleaker outlook for economy into 2011...
Rangel faces 13 ethics charges...
(wobama) Calls African-Americans a 'mongrel people'...
'We are now in the trial phase'...
Catalonia (Dali, Picasso, etc.) bans bullfighting (very civilized)...
CLAIM: Giant asteroid on course to hit Earth...
SEC Says New FinReg Law Exempts It From Public Disclosure...
Oprah Hits All-Time Ratings Low- like O -- Again!
GOLDMAN reveals where bailout cash went -- overseas banks!
POLLS: NEW LOWS FOR O...
Top U.S. officer warns Afghan war will get worse...
Bank failure tally passes 100 for year...
BUDGET DEFICIT TO REACH RECORD $1.47 TRILLION...
WH: A 'FISCAL SITUATION THAT REQUIRES ATTENTION'...
Kerry Docks New Yacht In RI To Duck MA Taxes...
PRICE TO ATTEND OBAMA'S BIRTHDAY BASH: $30,000...
CHARLIE RANGEL CHARGED WILL FACE TRIAL
RACE MESS: Obama Said Vilsack 'Jumped Gun' on Woman's Ouster...
Buchanan: Obama team's panic over losing whites...
POLL: ANY REPUBLICAN WOULD BEAT OBAMA IN '12...
Whites, Independents Deserting Obama...
PACK YOUR BAGS: CONGRESS CONFIDENCE AT 11%...
BAILOUT REACHES $3.7 TRILLION...
Gov't watchdogs: Mortgage program not working...
Bernanke: 'Unusually Uncertain'...
Unemployment rate high through Obama term...
Developing... NYT: WORKERS ON DOOMED RIG VOICED CONCERN ON SAFETY...
Arab guilty of rape after consensual sex with Jew...
No comments:
Post a Comment