December 10, 2010 posts

Business / Economic / Financial

[ This link to a somewhat more cumulative blog posts page will precede current days news since most all topics remain current in terms of impact and longer-term effect and can be searched by topical index term more easily. The same is provided since the blog site http://alpeiablog.blogspot.com has just been censored as to size by google which is typical for google as nsa / cia / gov’t shill as more are becoming aware of. The same is true for microsoft, another co. that’s seen their best days and relies on the government to maintain their monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and clarity thereby while the Washington Post page is the real deal but without formatting http://www.washingtonpost.com/wp-srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia ]

In backing tax-cut deal, Clinton regains spotlight (Washington Post) [ Right own failed presidency? Righto … riiiiight! No can do … least of all with a guy who propitiously stumbled into ‘the short-lived era’ of the global peace dividend, only to snatch failure from the jaws of victory … Of course, one may say, well, they’re better than their bush league predecessors … point well taken … but in retrospect they’ve proven to be distinctions in name only without significant differences, from war, to economics (nafta, new world order b*** s***, perpetual war / conflict, etc.). Criminals all, the new pervasively corrupt, meaningfully lawless, defacto bankrupt america . ] Ex-president's solo turn in White House briefing room seems at least a temporary handoff of power by Obama as he struggles to right own presidency. [ Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘

Robinson: White House is eerily silent on taxes (Washington Post) [ Eerily? I think not! Expectantly? I think so! That is, once you get beyond the wobama b*** s*** ! And, truth be told party distinctions are merely distinctions without significant differences (no prosecution of the wall street frauds, wars raging in Afghanistan / Middle East, etc.. But alas, as to the ‘wobama whitehouse’ this was predictable early on as by David Icke : Barack Obama: The Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘Vast numbers of people across the world, including many who should know better, have been duped by the mind-game called Operation Obama... (excerpts) Obama has been the chosen one for a long time, a fact known only to a few in the deep inner circle, and his relationship with Brzezinski almost certainly goes back to the start of the 1980s when he attended the Ivy League, and big-time Illuminati, Columbia University where Brzezinski was head of the Institute for Communist Affairs. Obama simply will not talk in any detail about this period. He has been covertly funded and supported ever since by the Trilateral Commission and its network of foundations connecting into the Ford Foundation, for whom Obama's mother worked. And a question: Does anyone really believe that someone, a 'man of the people', would simply appear from apparently nowhere to run the slickest and best-funded presidential campaign in American history? He was chosen long ago by those who wish to enslave the very people that Obama says he wants to 'set free'. The sources of Obama funding read like a Wall Street Who's Who - Goldman Sachs, UBS, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan Chase, Morgan Stanley, and so on. No wonder he went back on his pledge to accept the limitations of public funding for his campaign and instead took the no-limit option of 'private funding. Then there is the Jewish financier, George Soros, the multi-billionaire associate of Brzezinski and closely involved with the funding and marketing of Obama. Soros is a former board member of the Illuminati's Council on Foreign Relations and funds the European Council on Foreign Relations. In short, he is a major insider' You can certainly see the Soros/Brzezinski techniques in the Obama 'revolution' in the United States. It was the complex and secretive network of Soros foundations and organisations, connected to the intelligence agencies of the US and Israel, that trained and funded students in the Ukraine, Georgia and elsewhere in the art of mass protest and overthrowing governments. These manufactured protests were sold to the world as peoples' revolutions, but it just so happened that when they were over and the old regime was removed the new leaders were those waiting in the wings all along - the puppets of Soros, Brzezinski and their associated networks. Obama is just more of the same, a big smile with strings attached, and controlled completely by the Illuminati networks that chose him, trained him, sold him and provided his record funding. It was they who kept his many skeletons under wraps, like the gay sex and crack cocaine allegations of Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), and they will continue to do so as long as he jumps to their bidding. Obama is just another Banksters' moll prostituting himself for fame and power, and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. His financial advisors are straight from the Wall Street 'A' list, including Paul Adolph Volker (Trilateral Commission, Council on Foreign Relations, Bilderberg Group), the head of the Federal Reserve from 1979 to 1987 and Illuminati to his fingertips. Obama has made him head of the Economic Recovery Advisory Board, which is dominated by insiders, including its staff director and chief economist, Austan Goolsbee, a close Obama associate from the University of Chicago. Goolsbee is an initiate of the infamous Illuminati Skull and Bones Society at Yale University, which also includes Boy and Father Bush. It was Goolsbee who told the Canadian government not to worry about Obama's attacks on the economic effects of free trade agreements because his words were just to win votes in the election campaign. Another Wall Street insider, the Zionist Timothy Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was appointed by Obama to be his Treasury Secretary. Geithner was the President of the New York Federal Reserve Bank, the most powerful in the private Federal Reserve cartel that masquerades as America's central bank, and he is a former employee of both the Council on Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team locks into the inner circle around the Zionist Robert Rubin, the Director and Senior Counselor of Citigroup, co-chairman of the Council on Foreign Relations, and economic advisor to Obama. Rubin, a member of the Illuminati Bilderberg Group, was the man behind Citigroup's strategy of expanding its risk in debt markets which forced it to be rescued by taxpayers' money. The very people who caused the financial crisis are being appointed by Obama to decide how to respond to it (more taxpayers' money for them and their friends) ‘
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... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception Number 1 on U.S. Google Trends ]

While boner and barton are indeed jokes / vegetables that bespeak the single-digit approval rate for congress, obama’s failure to deliver on promises with as well, endless war spending despite defacto bankruptcy of the nation and a watered down nothing financial regulation bill for talking points but little substance, make him as big a joker. This well researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The Obama Deception Number 1 on U.S. Google Trends ]

‘The Obama Deception’ Censored A viral You Tube upload of one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been censored following a spur of the moment campaign to elevate the movie’s title to the top of the major internet search engines. 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# [ youtube is often down – website archived version is available as follows: http://www.albertpeia.com/esotericagenda.flv http://www.albertpeia.com/esotericagendalinktoarchive.htm ]

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In interview, Bush defends Iraq war and waterboarding (Washington Post) [ Defending the indefensible … what choice does he have … then there’s the lies … ] Bush breaks silence, writes next chapter (Washington Post) [ As a failed president and war criminal himself, moron dumbya bush is among the few in the world that makes failed president wobama look plausibly good in comparison … wobama merely continued the failed policies of dumbya (perpetual war, no pros the frauds on wallstreet, etc.) that got pervasively corrupt, defacto bankrupt america to this point of decline and failure. ] Anne E. Kornblut Your take: His most memorable moment? [ Like regrets in that old song (his way) he’s had a few – http://albertpeia.com/evilonthetarmac.htm here’s a few: bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm :

Clinton Speaks: He Did It Because He Could - There Are Serial Killers On Death Row Who Have Killed Fewer People Than Unconflicted, Pathological Liar/Perjurer, Rapist, and Murderer, Psychopath criminal american clinton

· clinton Flashed ("Dropped his Drawers") Paula Jones and Implored Her To "Kiss It" (his p***s, which owing to distinctive "marking/disfigurement" she was able to describe)

· clinton "Cops a Cheap Feel/Grope" From Kathleen Willey In Attempting Prey Upon Her Perceived Vulnerability

· clintonites Threaten Dolly Kyle Browning In Attempting To Intimidate Her Into Giving False Testimony

· clinton Brutally Rapes Juanita Broaddrick

· clinton Was Asked To Leave Oxford Owing To Sexual Assault Of A Fellow Student

He Does It Because He Can

On March 11, 1999, Investor’s Business Daily reported that at least nine (9) women have now charged that Clinton "personally assaulted them or, through his ‘agents’ or ‘people,’ threatened to do them or their families physical harm." The list includes Dolly Kyle Browning, Gennifer Flowers, Juanita Broaddrick, Paula Corbin Jones, Kathleen Willey, Monica Lewinsky, Linda Tripp, Sally Perdue, and Elizabeth Ward Gracen. "And all of them say they’re afraid for their safety so long as he remains in power."

CLINTON BODY COUNT

By: Ether Zone Staff

Here is the latest body count that we have. All of these people have been connected with the Clintons in some form or another. We have not included any deaths that could not be verified or connected to the Clinton scandals. All deaths are listed chronologically by date. This list is current and accurate to the best of our knowledge as of January 13, 1999 August 1, 2000. (see complete list http://albertpeia.com/bodycount.htm )

Susan Coleman: Rumors were circulating in Arkansas of an affair with Bill Clinton. She was found dead with a gunshot wound to the head at 7 1/2 months pregnant. Death was an apparent suicide.


Kevin Ives & Don Henry: Initial cause of death was reported to be the result of falling asleep on a railroad track in Arkansas on August 23, 1987. This ruling was reported by the State medical examiner Fahmy Malak. Later it was determined that Kevin died from a crushed skull prior to being placed on the tracks. Don had been stabbed in the back. Rumors indicate that they might have stumbled upon a Mena drug operation.


Paul Olson: A Federal witness in investigations to drug money corruption in Chicago politics, Paul had just finished 2 days of FBI interviews when his plane ride home crashed, killing Paul and 130 others on Sept 8 1994. The Sept. 15, 1994 Tempe Tribune newspaper reported that the FBI suspected that a bomb had brought down the airplane.

Calvin Walraven: 24 year on Walraven was a key witness against Jocelyn Elder's son's drug case. Walraven was found dead in his apartment with a gunshot wound to the head. Tim Hover, a Little Rock police spokesman says no foul play is suspected.

Alan G. Whicher: Oversaw Clinton's Secret Service detail. In October 1994 Whicher was transferred to the Secret Service field office in the Murrah Building in Oklahoma City. Whatever warning was given to the BATF agents in that building did not reach Alan Whicher, who died in the bomb blast of April 19th 1995.


Ron Brown:. The Commerce Secretary died on April 3, 1996, in an Air Force jet carrying Brown and 34 others, including 14 business executives on a trade mission to Croatia, crashed into a mountainside. The Air Force, in a 22-volume report issued in June of 1996, confirmed its initial judgment that the crash resulted from pilot errors and faulty navigation equipment At the time of Brown's death, Independent Counsel Daniel Pearson was seeking to determine whether Brown had engaged in several sham financial transactions with longtime business partner Nolanda Hill shortly before he became secretary of commerce.

Charles Meissner: died: UNK - Following Ron Brown's death, John Huang was placed on a Commerce Department contract that allowed him to retain his security clearance by Charles Meissner. Shortly thereafter, Meissner died in the crash of a small plane. He was an Assistant Secretary of Commerce for International Economic Policy.




Barbara Wise: Wise a 14-year Commerce Department employee found dead and partially naked in her office following a long weekend. She worked in the same section as John Huang. Officially, she is said to have died of natural causes.


Mary C. Mahoney: 25, murdered at the Georgetown Starbuck's coffee bar over the 4th of July '97 weekend. She was a former White House intern who worked with John Huang. Apparently she knew Monica Lewinsky and her sexual encounters with Bill Clinton. Although not verified, it has been said that Lewinsky told Linda Tripp that she did not want to end up like Mahoney.

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Background http://albertpeia.com/CIAAgentAffidavit1.jpg

For Those Who Wonder About the bush-clinton-bush Stranglehold on the Nation, Realize That Their Criminal Cooperation Began With Their Lucrative Relationship Vis-a-vis What Was Known as the Mena, Arkansas Drug (cocaine from Central/South America) Run As Set Forth In This CIA Agent's Affidavit/Declaration Under Penalty of Perjury.

The Vietnam war was a painful time for America. Many young Americans were drafted and died thousands of miles from their loved ones. Young men of priviledge had a clear advantage - few of them went to Vietnam, securing positions in the National Guards of their respective states. George W. Bush was one of these men, securing a place in the Texas Air National Guard in spite of a waiting list of several hundred. However, he claims that he did not receive special consideration, which is clearly a lie.

Most of the young men lucky enough to get into the Guard fulfilled their obligations. George W. Bush did not. He was absent without leave, AWOL, for over a year. Not surprisingly, this got little attention from the corporate media...

… After the hostages' release, the arms shipments to Iran continued. Profits were funneled to another pet cause of the right wing - the Nicuaraguan terrorists known as "freedom fighters" or "Contras". Another Contra source of income was trafficking in narcotics, running cocaine into the United States, with the full knowledge and cooperation of Administration officials. In the 80's there was a huge increase in the flow of cheap crack cocaine into the inner cities of America and countless lives were destroyed.

A series of investigations led to the convictions of Oliver North and Vice Admiral John C. Poindexter, head of the National Security Council, on charges of obstructing Congress and unlawfully destroying documents, but both their convictions were later reversed. In 1992 President George H.W. Bush pardoned many of the top government officials who had been charged or convicted in the scheme. The main perpetrators of Iran/Contra and associated events remain free today, and many of them work in George W. Bush's Administration.

…

Of the three generations of Bush men mentioned on this site, the most evil and most dangerous by far is George Bush, Sr.

The Bush family came by their wealth on the backs of 11 million dead. Prescott Bush, along with partner E. Ronald Harriman, supplied financial aid and raw materials to Hitler's Third Reich.

In 1942, Bush/Harriman companies were seized under the Trading with the Enemy Act: the Union Banking Corporation, the Holland-American Trading Corporation, the Seamless Steel Equipment Corporation and Silesian-American Corporation.

After the war, the CIA recruited many former Nazis to work for them, escaping prosecution for war crimes. Klaus Barbie, infamous for ordering the murder of French children, was among them. He was, however, eventually caught and returned to France to stand trial.

… Shortly before the 9/11 attacks, John Ashcroft stopped flying commercial and started flying on government-chartered planes. Why?

In fact, the George W. Bush received many warnings that he disregarded. Bush knew, and he did nothing. Why?

Oil, that's why. And a free rein to rape the Constitution.

…- David Blomstrom ]

Hillary Clinton signals failure of direct talks on Mideast peace (Washington Post) [ Wow! I guess we were all blind-sided by that one …riiiiight! … I mean, who woulda thunk it … failed mideast peace talks … Rather than face american humiliation time after time along with contra american interest mideast status quo, america should ‘read the riot act’ to illegal nuke totin’, provocateur and war criminal nation israel and impose a fair peace … which america has the capacity to do, along with an overwhelming global consensus in which to do it! ]

Revamping 'made in China' (Washington Post) [ ‘escape sweatshop image’? I’d say, if at all, they’re not trying too hard. I mean, let’s not kid ourselves … their extreme capitalist business model is one that only an extremely communist nation can accomplish ( as the Beatles have sung, ‘with a little help from their capitalist american, etc., friends’ –and sales agents / distributors as ie., Walmart, etc.) and is as senile greenspun liked to say of the american bubble economy, ‘the envy of all the world’. No, they don’t need to, nor are they trying very hard, though there are many in the west who like to think they are. ] Export hub's upmarket moves is part of Chinese effort to escape sweatshop image.

Crude oil prices hit $90 a barrel (Washington Post) [ The wonders of that QE dollar debasement policy; which is exceedingly good for wall street short term (and I also beilieve they’re cashing out the still trillions of toxic / worthless paper assets / securities from the last, ongoing debacle for hard, fiat currency, sub rosa. ) along with the commissionable up and down, fraudulent computerized high-frequency churn-and-earn scam. If you’re attentive and look closely, the declining dollar manipulation and consequent higher oil prices, etc., preceded that last crash / debacle and this wil be no different, though possibly more drawn out. ] The jump pushes up gas prices at the pumps and crimps consumers in the peak shopping season.

Where does $250,000 a year go? (Washington Post) [ The point so aptly made by Davis hereafter and infra, is that ‘somethin’s gotta’ give, and the top 1% and the $1trillion in unnecessary war spending, for example, are the logical places to start. After all, the nation’s defacto bankrupt! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] In the heated battle over extending the expiring Bush-era tax cuts, a single number has emerged from the crossfire: $250,000. But just how flush is a family of four with a $250,000 income? Analysis examines what it's like to be a 'rich' family in America.

New Economic Slide to a Lower Level? The Inflation Trader ‘Initial Claims did not administer the coup de grace to the bond market. While TIPS continued to struggle, bonds were roughly unchanged on the day as Claims came out quite near to expectations (421k).

It does appear that ‘Claims have begun a new slide to a lower level, but I would caution here against relying too much on one’s eyes. The spike in late summer makes the slide appear larger than it really is, and moreover at this time of year (and, frankly, through most of January) the volatility of the Claims numbers is much higher. Ergo, we need more data to be sure that we’re really seeing what we’re seeing. I would say that I “suspect” it is so, but I don’t have enough evidence yet to reject the null. Absent such a mercy-strike, the market was reasonably quiet yesterday. However, one of my favorite data releases – come to think of it, the fact that I have a favorite data release is pretty sad – was out yesterday: the Federal Reserve’s quarterly Z1 Flow of Funds report, updated through Q3. I like this report because it allows me to update charts like these (click to enlarge): [chart] This chart (click to enlarge) shows that Federal, State, and Local debt (including Fannie Mae and Freddie Mac debt) as a proportion of total debt. This matters because the higher this ratio goes, the bigger the incentive for the government to simply monetize the debt. It isn’t outlandishly high yet, but the trend is kinda bad. [chart] This chart (click to enlarge) makes a neat point. The private sector is deleveraging, slightly. But the overall economy is not, because the government has thoughtfully taken up the slack and borrowed whatever we weren’t borrowing. This is not unrelated to the fact that the economy didn’t collapse after 2008Q3. Some of you may applaud the Administration(s) for this since it helped avert an imminent collapse. Some of you may throw brickbats at the Administration(s), since if leverage was what was causing the collapse to threaten, we clearly have the same Sword of Damocles hanging over our heads. I tend towards the latter camp, but either way I think we can agree it’s a smashing chart. [chart] So where has the private deleveraging come from? Well, there is a myth that the consumer is deleveraging. A little bit, yes, but most of the deleveraging is coming from domestic financial institutions (banks, dealers, etc). And yes, you might combine these last two charts and say “so, the financial system basically foisted a bunch of debt onto the federal ledger, aka taxpayers?” Yep, that was the deal the Administration(s) made with the devil. Again, some of you will applaud this for the short-term results and others will hurl rotten tomatoes. But probably none of you will pat Bank of America (BAC) on the back these days. (I’m just sayin’.) [chart] Tobin's Q / Average Q And, yes, the Z.1 allows us to calculate a variation of Tobin’s Q. If you don’t know what Tobin’s Q is, you can read my comparatively-succinct explanation here, but in a nutshell it is a way of comparing the market value of equities to the replacement value of their assets. Higher means a frothier market. Here I’ve divided the calculated Q by the average Q since 1952 to get a normalized Q. If this makes you think the stock market may still be overvalued, then you can thank Q. You’re welcome!’

Austrian banker Kohn key to Madoff crimes: trustee (Reuters) Reuters - Austrian banker Sonja Kohn was a "criminal soul mate" of Bernard Madoff for 23 years, running an international network of banks and funds to help perpetrate the biggest fraud in financial history... [ Biggest fraud in financial history? Come on! The recent and on-going financial fraud / debacle, yet unprosecuted is the largest of many in financial history of this country particularly. Biggest fraud that wasn’t covered up? Not even … other fraudulent wealth transfers (that’s what they really are) include that historic savings and loan debacle, among others. This is an especially great time to Sell / Take Profits since there is much, much worse to come! ]

Time to Take a Pause? - author: The Housing Time Bomb ‘Let me start things with a chart (click to enlarge) of the S&P of the past 12 months: [chart]
My Take:
I think this chart is very interesting. As you can see above, we saw a huge rally this fall as the market roared back to it's post crash highs. What's interesting to me is it looks like the market is having a hard time breaking through to the upside since getting back up here.
Could we be hitting an inflection point where the trend reverses? It's to soon to tell, but what I can say is if the longer the market continues to stall up here the higher the risk is to the downside.
I think the market is realizing there are many questions that need to be answered before marching higher:

• Are the bond vigilantes going to take rates higher?
• Are rates rising due to a strong economic recovery or rising deficits?
• How bad will housing get hit if rates keep heading north?
• What will this do to the banks balance sheets?
• Will QE cause inflation or will the deflationary forces of a bursting credit bubble eventually win out?
• Will unemployment continue to worsen?
• If unemployment continues how will this effect the consumer?
• Can Europe contain the Sovereign debt crisis?
• If it can't will the Euro survive?
• Will QE destroy the US dollar?
• Can the Fed react fast enough if inflation hits as the currency weakens?

Take Continued:
Can you blame the market from taking a pause here? The market seems to be running on fumes at this point given the risks I described above.
I loved the two tech tickers below that discuss some of the same worries:
Take Continued
I couldn't agree more with the guests above. QE2 is "criminal" and the fact that Bernanke feels he needs to go on 60 Minutes and sell it makes me extremely uneasy.
Bernanke's point about being 100% in control of this situation is borderline delusional.
How could anyone be 100% certain of anything given the risks above? Some of the most brilliant hedge fund managers quit the game because the market became so uncertain. How can this guy get on air and actually say something like this?
I mean just look at their history as the commentator above brilliantly points: The Fed has always been late in reacting to key "inflection" points over the past 15 years. Their biggest mistake was holding rates down for too long which then created the housing bubble. This will likely go down in the history books as the worst policy decision in history.
In fact, after looking at their history, I am 100% sure that they will be too late to react when this all blows up in their face. God help us all when this happens.
The Bottom Line
The one thing you can count on right now is uncertainty. The Democrats have now decided to not go through with Obama's idiotic tax cut deal(thank god).
Let's hope the Democrats have enough balls to hold out long enough for a better deal. I must admit I am skeptical because in their eyes they can't afford to not do anything. The Republicans have time on their side because the clock is ticking and something must get done now.
If this thing gets strung out without compromise then my guess is the Democrats will end up eating the whole **it sandwich at the 11th hour before the critters go home for the holiday. We will see what the bond market has to say if this is how it plays out.
In the meantime, cash is king until we get more clarity around the economy. As "the credit trader" told me last week: "Now is a time to sit on capital because bigger opportunities lie ahead".
Remember, we are in the middle of a housing crash and we still have a long ways to go especially if rates keep rising. This is the 100lb gorilla in the room that everyone keeps trying to ignore.
Every now and then he rears his ugly head, beats his chest, and reminds us how bad it really is:’

What if I Were a Buy and Hold Investor? Roche [ The scenario is actually worse than the bad, secular bear market one that Roche accurately posits owing to the fact that there has been a substantial structural shift away from and substantially deleterious to pervasively corrupt, defacto bankrupt america in economic, financial, and geo-political terms. ] ‘I don’t discuss long-term investment strategies for various reasons, but I understand that the majority of investors don’t have the time to implement an approach that is similar to mine. I have, on occasion, made broader long-term prognostications. For example, in early 2009 it was very popular to proclaim that “buy and hold” was dead (which I said was nonsense at the time) or that the bear market was never going to end. The smart money was doing the opposite of what the permabears were saying as “once in a lifetime opportunities” were apparent in many markets. It would be convenient revisionist history for me to say that I was “all in” on long-term bullish bets back in 2009 (that hasn’t been my M.O. over the last 5 years), but there are a few long-term indicators that I have routinely tracked in recent years that have proven to be superb long-term trend indicators. Among them are my Expectation Ratio, Stock market to GNP ratio, the AAII’s allocation portfolio and jobless claims trends. In late January 2009 I highlighted one very bullish long-term development in the markets:

The indicator (my ER) has only just recently become positive again which is telling me that analysts are finally beginning to cut their estimates to realistic levels. The indicator was a little early to the party in 2007 and I presume it will be early again in forecasting a recovery, however, it is a good sign that now is a time when you might want to be dipping your toe in the waters. If you’re young and have a long time horizon you certainly want to be adding to positions.

A few weeks later I discussed the long-term impact of jobless claims:

The inverse of this is what we’re seeing now. People are being laid off at a record rate and that’s a potentially bullish sign. It means that the economy is entering a period of under-capacity. Although it goes against every intuition you might have I think this is one more sign (in addition to my ER) that we are closer to the bottom than the top. If you have a long time horizon I think it’s best to ignore those people who are saying that buy and hold is dead. In fact, as I’ve repeated recently, buy and hold is likely more viable now than ever.

At the same time the stock market to GNP ratio was also giving a very bullish signal and the AAII’s small investor allocation for equities had declined to levels consistent with previous market bottoms. For those with a stomach for risk the stars were in many ways aligned. It’s safe to say that my own performance over the last two years would have been superior if I had been eating more of this long-term cooking, however, a longer perspective (my 60%+ outperformance in 2008 for instance) shows that my short-term tactical approach to the markets has saved me a great deal of anxiety and successfully resulted in high risk adjusted returns. Regardless of my current approach, it’s useful to update these long-term models on occasion if not for my own benefit then for the benefit of the reader. Maintaining a grasp on the overall macro picture can also be useful in trying to grasp where we are in the investment cycle.

Since I’ve updated the first three indicators just recently I figure it’s about time we update the fourth. The chart below (click to enlarge) shows the most recent jobless claims data. Any economist will tell you that jobs are likely the single most important component to economic and profit growth. The weekly jobless claims data remains the closest real-time proof of labor market trends. Therefore, equities tend to be relatively closely correlated with claims data.

I have (somewhat arbitrarily) used this indicator in recent years to gauge labor utilization. When claims are low it means the economy is humming and that things are unlikely to improve substantially. This tends to coincide with equity environments that are richly valued or overvalued. The opposite occurs when claims are high. This tends to coincide with an environment in which labor is being underutilized and equities are inexpensive. Over the last two years we’ve moved from a period that is consistent with aggressive equity accumulation (very high claims data) to a period of more moderate growth, but growth nonetheless. We’re still well off the historical range in which equities are a clear sell.[chart]

If we look at all four indicators the outlook remains a bit mixed. My ER is very bullish. The market:GNP ratio is moderately overvalued. The AAII allocation survey is not consistent with market tops. And finally, the jobless claims data is consistent with an environment in which you want to own stocks, but not aggressively accumulate stocks. This all adds up to a longer-term outlook of moderate, but not aggressive bullishness.

So, the question then is – if you held a gun to my head would I be a long-term buyer or seller of stocks currently? I would likely be a buyer, however, because I still believe we are in a balance sheet recession and have resolved none of our long-term imbalances I am not eating that cooking. Instead, I continue to use a short-term model based on the idea that the secular bear is alive and well and volatility must be navigated as opposed to ignored. Risk management is not going out of style. While a long-term outlook is likely to reward equity investors in the coming years I believe higher risk adjusted returns can be obtained through a multi-strategy short-term approach that focuses on hedging strategies and risk management. Hopefully, however, this helps some of you long-term investors put things into perspective.

Add-ons turn tax cut bill into 'Christmas tree' The Associated Press - WASHINGTON (AP) - In the spirit of the holiday season, President Barack Obama's tax-cut deal with Republicans is becoming a Christmas tree tinseled with gifts for lobbyists and lawmakers. Video: Shields, Brooks on Obama's Tax-Cut Deal, 'Glimmer of Life' for DADT Repeal PBS Video: Shields, Brooks on Obama's Tax-Cut Deal, 'Glimmer of Life' for DADT Repeal PBS Estate Tax Cutoff Draws Special Fire in Congress New York Times

Ron Paul On Job to Oversee Federal Reserve Infowars.com | Paul: “Nothing good can come from the Federal Reserve.”

Will Ron Paul Be Able To End The Fed? Is Ron Paul finally in position to really do something about the Federal Reserve? U.S. Representative Spencer Bachus, the chairman-elect of the House Financial Services Committee, has announced that Ron Paul will chair the domestic monetary policy subcommittee starting next month.

U.S. Mint To Re-Launch Silver Bullion Coins On Friday, Warns Of Price Gouging The U.S. Mint plans to re-launch sales of its 2010 America the Beautiful silver bullion coins on Friday after delaying the release of the five-ounce coin on Monday, it said on Thursday.

U.S. Military Spending Is Out Of Control: 12 Facts That Show That We Cannot Afford To Be The Plunderers Of The World Today, the United States has become the police of the world. The U.S. military has a total of over 700 military bases in 130 countries around the world. Total military spending by the U.S. government is nearly equal to the combined military spending of the rest of the globe.

More Than Half of Americans Want Fed Reined In or Abolished A majority of Americans are dissatisfied with the nation’s independent central bank, saying the U.S. Federal Reserve should either be brought under tighter political control or abolished outright, a poll shows.

Jobless Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘… Unemployment is up again! That’s right – even though Wall Street is swimming in cash and the Obama administration is declaring that “the recession is over”, the U.S. unemployment rate has gone even higher. So are you enjoying the jobless recovery? Economic Collapse Blog Dec 4, 2010 ‘Guess what? Unemployment is up again! That’s right – even though Wall Street is swimming in cash and the Obama administration is declaring that “the recession is over”, the U.S. unemployment rate has gone even higher ... Times are really, really tough and unfortunately the long-term outlook is very bleak. We should have compassion on those who are out of work right now, because soon many of us may join them.

The following are 25 unemployment statistics that are almost too depressing to read….

#1 According to the Bureau of Labor Statistics, the U.S. unemployment rate for November was 9.8 percent. This was up from 9.6 percent in October, and it continues a trend of depressingly high unemployment rates. The official unemployment number has been at 9.5 percent or higher for well over a year at this point.

#2 In November 2006, the “official” U.S. unemployment rate was just 4.5 percent.

#3 Most economists had been expecting the U.S. economy to add about 150,000 jobs in November. Instead, it only added 39,000.

#4 In the United States today, there are over 15 million people who are “officially” considered to be unemployed for statistical purposes. But everyone knows that the “real” number is even much larger than that.

#5 As 2007 began, there were just over 1 million Americans that had been unemployed for half a year or longer. Today, there are over 6 million Americans that have been unemployed for half a year or longer.

#6 The number of “persons not in the labor force” in the United States recently set another new all-time record.

#7 It now takes the average unemployed American over 33 weeks to find a job.

#8 When you throw in “discouraged workers” and “underemployed workers”, the “real” unemployment rate in the state of California is actually about 22 percent.

#9 In America today there are not nearly enough jobs for everyone. In fact, there are now approximately 5 unemployed Americans for every single job opening.

#10 According to The New York Times, Americans that have been unemployed for five weeks or less are three times more likely to find a new job in the coming month than Americans that have been unemployed for over a year.

#11 The U.S. economy would need to create 235,120 new jobs a month to get the unemployment rate down to pre-recession levels by 2016. Does anyone think that there is even a prayer that is going to happen?

#12 There are 9 million Americans that are working part-time for “economic reasons”. In other words, those Americans would gladly take full-time jobs if they could get them, but all they have been able to find is part-time work.

#13 In 2009, total wages, median wages, and average wages all declined in the United States.

#14 As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time that less than 12 million Americans were employed in manufacturing was in 1941.

#15 The United States has lost at least 7.5 million jobs since the recession began.

#16 Today, only about 40 percent of Ford Motor Company’s 178,000 workers are employed in North America, and a big percentage of those jobs are in Canada and Mexico.

#17 In 1959, manufacturing represented 28 percent of U.S. economic output. In 2008, it represented 11.5 percent.

#18 Earlier this year, one poll found that 28% of all American households had at least one member that was looking for a full-time job.

#19 In the United States today, over 18,000 parking lot attendants have college degrees.

#20 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#21 As the employment situation continues to stagnate, millions of American families have decided to cut back on things such as insurance coverage. For example, the percentage of American households that have life insurance coverage is at its lowest level in 50 years.

#22 Unless Congress acts, and there is no indication that is going to happen, approximately 2 million Americans will stop receiving unemployment checks over the next couple of months.

#23 A poll that was released by the Pew Research Center back in June discovered that an astounding 55 percent of the U.S. labor force has experienced either unemployment, a pay decrease, a reduction in hours or an involuntary move to part-time work since the economic downturn began.

#24 According to Richard McCormack, the United States has lost over 42,000 factories (and counting) since 2001.

#25 In the United States today, 317,000 waiters and waitresses have college degrees.

But this is what we get for creating the biggest debt bubble in the history of the world. For decades we have been digging a deeper hole for ourselves by going into increasingly larger amounts of debt. In America today, our entire economy is based on debt. Even our money is debt. We were fools if we ever thought this could go on forever. Just think about it. Have you ever gone out and run up a bunch of debt? It can be a lot of fun sitting behind the wheel of a new car, running your credit cards up to the limit and buying a beautiful big house that you cannot afford. But in the end what happens? It always catches up with you. Well, our collective debt is starting to catch up with us. There is a sea of red ink on every level of American society. It is only a matter of time before it destroys our economy. IF YOU THINK THAT THINGS ARE BAD NOW, JUST WAIT. THINGS ARE GOING TO GET A WHOLE LOT WORSE. A HORRIFIC ECONOMIC COLLAPSE IS COMING, AND IT IS GOING TO BE VERY, VERY PAINFUL.’

Howard Davidowitz on the Economy: "Here Are the Numbers ... WE'RE BROKE!" 11-25-10 ‘The U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're broke," Davidowitz declares, noting the U.S. government goes $5 billion deeper into debt every day and is facing $1 trillion-plus annual deficits for the next decade. "In other words, we're bankrupt."As with the economy, Davidowitz is unwaveringly consistent in his views on President Obama, calling him "deranged, dysfunctional and discredited."Results of the midterm election show "the people of this country think we are in a catastrophe," he says. "I'm with them."Check the accompanying video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy Thanksgiving! Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or email him at altask@yahoo.com’

17 Things Worrying Investors Lloyd's Wall of Worry

Worry Count: 17


CHINA: 1,330,044,605 people can’t be wrong.

The PIIGS: Fasten your seatbelts. It’s gonna be a long, bumpy, expensive, weird, (insert your own adjective here) freak show of a ride.

CALIFORNIA AND THE OTHER 49 STATES: Not yet as dire as “The PIIGS”. Might I suggest the classier moniker of “The Prosciuttos” for the American basket-case states?

QE II: Gobble?

U.S. ECONOMY: The “Punky Brewster” of the global economic landscape.

UNEMPLOYMENT: Only thing worse than losing your job, losing your unemployment check. At least there’s the holiday season to cheer everyone up (read: heavy sarcasm).

TAXES: Praying to the Financial Market Gods that we don’t have another TARP-like vote fiasco.

OBAMA ADMINISTRATION PART II: Still two years before the Pres. election and the peanut gallery is already pleading for a Hail Mary Pass to get them back in the game.

HFT: Instead of beating up these liquidity supplying traders, let’s honor them with their very own stock exchange. But wait -- with no retail saps to pick-off they will never get that Day 1 opening bell tick. Perfect.

XMAS 2010: As my professor friend Nick says, “Nowadays Americans are dining off of two menus – The Million Dollar and the $0.99 Cent.” And both are pissed about it.

CURRENCIES: Poor Mr. Greenback. Does someone need a hug?

HOUSING CRISIS: Price Stabilization – Are we there yet? Just a little bit more. Are we there yet? Just a little bit more. Are we there yet? Just a little bit more….

INFLATION/DEFLATION: Fed Chief Ben B. comes out swinging from his heels in defense of inflation promotion. Don’t punch yourself out as this one is likely to go the distance.

COMMODITIES: Corrected but still sky high; fortunately these prices are only affecting core, basic, life-sustaining necessities and sparing our electronic gadgets and plus-sized SUVs. Whew!

INSIDER TRADING: Another black eye for Hedge Funds. I estimate that makes black eye number 6,597.

INTEREST RATES: South Korea and China slowly turning up the dial to “11”. On the other hand the U.S. has removed the dial altogether. This never ends well….

NORTH KOREA: Here we go again.

Jobless rate jumps to 9.8% as hiring slows (Washington Post) [ The reality is not a mystery! The nation’s been thrown under the bus for the greater good (wealth) of the very few (frauds on wall street, etc.); wall street giving out record bonuses from their accomplished fraud (with no-recession b.s. bernanke help) of $144 BILLION: Come on! This is gettin’ even more downright ridiculous (if that’s even possible)! Pending home foreclosure / distress sales up, oil prices (and oil stocks) up, debased dollar down, plus a little familiar ‘better than expected’ thrown in along with prospects of a ‘no-recession bernanke’ market-frothing bull session on 60 minutes and, voila, suckers’ rally into the close to keep the suckers suckered! What’s good for the frauds on wall street is bad for just about everyone else which includes the vast majority of people and businesses, domestically and globally, as current dollar manipulation / debasement ultimately results in higher costs and loss of purchasing power (ie., oil, etc.). Clearly, this is one of those fraudulent wealth transfers to the frauds on wall street et als which will ultimately be paid for by those who least are in a position to afford it, courtesy of the ever more worthless Weimar dollar, etc., inflating earnings, eps, lowering p/e multiples, etc., see infra. This is an especially great time to sell / take profits while you can since there's much worse to come! Previous: Rosy numbers on consumer sentiment, unemployment (far better than private forecasts) from the government prior to the holiday so-called ‘shop till you drop’? How can anyone believe anything they say? Najerian interviewed by Motek chimes in with the reason for good retail cheer; viz., people have stopped paying their mortgages and are using the funds to purchase retail goods; while Davidowitz adds that with record numbers of americans on food stamps, real unemployment at 17+, and wall street giving out record bonuses from their accomplished fraud (with no-recession b.s. bernanke help) of $144 BILLION … the high end stores / jewelers will do well … daaaaah! And, with insiders and wall street frauds selling into the bubble as preceded last crash, this is an especially great opportunity to sell / take profits! Suckers’ rally on light volume, full moon, and government complicity (false data / reports) to keep suckers suckered (easy for the wall street frauds to do with just a mouse click / push of the button – and, they know all those technical trade lines that are easy to program in this current phase of the scam/fraud with the debased dollar). Keep in mind, the totally mindless blather from the ‘cottage industries’ of and fraudulent wall street itself in talking up lower P/E multiples when the same is a direct result of the debasement of the dollar and the consequent manipulation / translation (not real, see Davis, infra) which preceded the financial crisis / last crash. Unemployment, trade, deficit, etc., numbers continue decidedly worse than expected along with other negative data (and in the ‘wrong direction’, that spin accorded ‘down but not as bad as before’ b*** s*** ) yet the market has rallied like no tomorrow with used home foreclosure / distressed sales, though abated owing to ‘foreclosuregate’, the other ‘heralded’ good news. Moreover, the dumbo lemmings of Europe have jumped on the fraudulent defacto bankrupt american crazy train propelled to the precipice also as if no tomorrow. This is about keeping the suckers sucked in with the help of a market-frothing pre-election debased dollar for favorable currency translation and paper (but not real when measured in, ie., gold, etc.) profits which preceded the last crisis, inflating a bubble as in the last crisis to facilitate the churn-and-earn, particularly with computerized (and high frequency) trades and which commissions they’ll get again on the way down. There is nothing to support these overbought stock prices, fundamentally or otherwise. These are desperate criminals ‘at work’. Even wall street shill, the senile Buffett is saying we’re still in a recession (depression) [ Davis: ‘… all profits are inflated by 10% (from falling, debased dollar) and that 10% is the E that gets divided from the P and gives us a much better price/multiple to hang our hats on and that gets investors to BUYBUYBUY …’ The bull market that never was / were beyond wall street b.s. when measured in gold ] This is a great opportunity to sell / take profits (these lower dollar, hyperinflationary currency manipulations / translations to froth paper stocks will end quite badly as in last crash)! This is a global depression. This is a secular bear market in a global depression. The past up moves were manipulated bull (s***) cycles (at best) 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 ‘programmed computerized high-frequency churn and earn pass the hot potato scam / fraud as in prior crashes ( widely reported, high-frequency trading routinely accounts for more than 50% of daily U.S. equity trading volume and regularly approaches 70%. )’. 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.The Stock Market's Long Decline Has Begun Smith ]

(12-10-10) Dow 11,410 +40 Nasdaq 2,637 +20 S&P 500 1,240 +7 [CLOSE- OIL $87.79 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79 DIESEL) / GOLD $1,385 (+24% for year 2009) / SILVER $28.60 (+47% for year 2009) PLATINUM $1,676 (+56% for year 2009) / DOLLAR= .75 EURO, 83 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.32% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

National / World

WikiLeaks: “al-Qaeda Narrative” Feeds War in Yemen, Africa Kurt Nimmo | U.S. and Saudis work together to foment a phony war on terror.

Ron Paul On Ending The Fed: The Power Of Ideas Will Prevail Steve Watson | The Federal Reserve should be abolished, but warned that turning ideas into reality takes time and effort.

Wikileaks Founder: Bigger Bombshells On The Way Paul Joseph Watson | While the cybersecurity agenda is activated by Assange’s arrest, bigger revelations are in the pipeline for Wikileaks, according to one of its original members.

Assange lawyer says US spying indictment imminent David Edwards | Assange attorney says he’s not been allowed to meet with his client.

CIA “Honeytrap” Ardin Deleted Twitter Posts Praising Assange Kurt Nimmo | More evidence surfaces indicating Assange take-down orchestrated by government.

‘Anna Ardin, described in court documents as “Miss A,” had deleted Twitter messages speaking highly of Wikileaks founder Julian Assange, the man she would later accuse of rape, according to Göran Rudling, the editor Consensus Now, a website arguing that laws based on sexual activities need to be consensual to not be considered criminal.Assange was in Stockholm, Sweden, in August to speak at the invitation of Sweden’s Social Democratic Party. The event was organized by Ardin, who was the press secretary of the Brotherhood Movement, which is an adjunct of the Social Democratic Party.The 31 year old woman is described as a feminist, leftist and animal rights activist who previously worked at the Uppsala University where she handled equality issues for the students’ union.Earlier this week, the Cuban news agencies Granma and Prensa Latina stated that Ardin is a Cuban CIA collaborator who works with Miami-based, U.S. government paid intelligence agencies. They say Ardin is linked to the anti-Cuban terrorist Carlos Aberto Montaner.In newspapers and blogs, the blond Swede has been called a “honey trap” — see here, here, and here — a word that describes intelligence agencies using women to lure in male targets.Between Saturday and Sunday, August 14-15, Ardin wrote the following about Assange on her Twitter account:

‘Julian wants to go to a crayfish party, anyone have a couple of available seats tonight or tomorrow? #fb’

‘Sitting outdoors at 02:00 and hardly freezing with the world’s coolest smartest people, it’s amazing! #fb’

“When Anna Ardin files a police complaint against Julian Assange on 20 August these tweets are removed,” Rudling notes. “Why? As far as I can tell, it’s not common for victims of crime to delete blogs, clean up their cellphones, and try to get witnesses to attest to things that aren’t true. Why is it so important to remove these particular tweets?”Rudling wrote about his discovery on the Radsoft website on September 30.James Catlin, also writing for Radsoft, reports that Ardin and Swedish associate Sofia Wilén invented the rape scenario in order to entrap Assange. “They went to the police station asking for advice, knowing the police would turn it into an accusation of rape. They’re also the ones who leaked the story to the tabloid Expressen,” writes Catlin.Catlin claims Ardin’s SMS history proves she made the story up and plotted with Wilén “to leak the story to notorious Swedish tabloid Expressen.”It was reported that Ardin moved to the Palestinian West Bank to work with an outreach group called the Ecumenical Accompaniment Program in Palestine and Israel, but this was later debunked. The group’s program coordinator, Pauline Nunu, said Ardin had canceled her trip and did not know where she was.On Thursday, December 9, Rundle reported that Ardin may have ceased actively co-operating with the Swedish prosecution service and her own lawyer.“The move comes amid a growing campaign by leading Western feminists to question the investigation, and renewed confusion as to whether Sweden has actually issued charges against Assange. Naomi Klein, Naomi Wolf, and the European group Women Against Rape, have all made statements questioning the nature and purpose of the prosecution,” Rundle wrote for Crikey.A growing number of observers believe Ardin works for the CIA and was employed to set-up Assange. “After leaving Cuba, Ardin worked with web sites financed by USAID and controlled by the CIA,” writes the Australia-Cuba Friendship Society.

One of these sites was ‘Miscelánea de Cuba’, run by the Cuban Alexis Gainza. Through Gainza she became linked to Swedish agencies, including Dagens Nyheter and SVT, and entered the Swedish Social Democrat party. Gainza is linked to the German Internationale Gesellschaft für Menschenrechte (International Human Rights Society), a group linked to German and U.S. intelligence and has some former Nazis (such as Ludwig Martin) and ex military figures (Dieter von Glahn) in its ranks. The current president of the IGFM, Martin Lessenthin, works closely with the Venezuelan opposition party Primero Justicia, led by the anti-Chavez terrorist Alejandro Peña. Primero Justicia, in turn is the main partner of the International republican Institute, and extreme right wing group funded by the US Government’s National Endowment for Democracy.

Both USAID and the National Endowment for Democracy are linked to the CIA. In 2009, a high ranking CIA official admitted that USAID is a cover for the agency. “A lot of what we [NED] do today was done covertly 25 years ago by the CIA,” Allen Weinstein, one of the founders of NED, admitted. Julian Assange, who appears to be a dupe for a concerted government effort to shut down whistleblowers and criminalize the release of government information, may or may not be extradited from Britain to Sweden to face what now appears to be wholly invented rape charges. A number of politicians and officials want Assange sent to the United States to face espionage charges. Assange’s lawyer, however, said that she did not believe the Espionage Act applied to Assange, who is she added currently in solitary confinement in Wandsworth prison in London, according to The Telegraph.’

Zimbabwe: WikiLeaks Reveals Military Plans for Mass Displacement [ Criminal americans … they’re all zimbabweans now! ] Suzanne Persard | Zimbabwean military planned to uproot as many as 25,000 villagers for control of diamond fields

Wikileaks Founder: Bigger Bombshells On The Way One of the original members of Wikileaks warns that a series of bigger bombshell revelations are in the pipeline and that the growing crisis being contrived around the group and its figurehead Julian Assange is greasing the skids for the cybersecurity agenda to regulate and censor the world wide web.

Ron Paul On Ending The Fed: The Power Of Ideas Will Prevail Texas Congressman Ron Paul, who will take control of the House subcommittee that oversees the Federal Reserve in the new year, has re-emphasized his belief that the Federal Reserve should be abolished, but warned that turning ideas into reality takes time and effort.

Glenn Beck Channels Alex Jones: Economic Crisis, Food Riots & Martial Law Coming Is imitation the sincerest form of flattery? Should we be elated or alarmed that Fox News host Glenn Beck now sounds almost identical to Alex Jones? Earlier this week on his television program, Beck talked about Pentagon war games which featured National Guard soldiers training to take on protesters holding signs with the words “FOOD NOW” scrawled on them.

Establishment Republicans Introduce Bill to Criminalize Wikileaks [ What a typical zionist sinkhole new york jew (like sinkhole connecticut buddies incompetent zelig zionist lieberman, sinkhole mob haven new jersey pro-israel lautenberg and zionist rabbi son chertoff.) ! How ‘bout criminalizing the ongoing, day-in/day-out, continued (from last debacle and anew) high frequency churn-and-earn frauds on wall street, etc., among numerous other major crimes.] New York Rep. Peter King has exploited the hysteria surrounding the Wikileaks case to introduce legislation to make it illegal to publish the names of American intelligence sources who provide information to the US military or intelligence community, according to Homeland Security Today.

Pfizer Vaccine Killed 11 Children, Disabled Dozens of Others U.S. drugmaker Pfizer hired investigators to find evidence of corruption against Nigeria’s attorney general to convince him to drop legal action against the company over a drug trial involving children, the Guardian newspaper reported, citing U.S. diplomatic cables made public by WikiLeaks.

Clinton: TSA Policies To Be Reviewed After “Humiliating” Pat Down Of Indian Diplomat A humiliating TSA pat down that left Indian Ambassador to the United States livid and insistent that she would never return to America has prompted Secretary of State Hillary Clinton to promise a review of TSA policies in the aftermath of a nationwide revolt against invasive airport security measures.

Towards Universal and Permanent Peace on Earth War in our day is the plague that must be cured before we can truly call ourselves a species, and since war thrives today because of government deception, it can only be put to rest by an injection of truth into politics by global citizens.

Pentagon Papers Whistleblowers Call for a New 9/11 Investigation The main players in releasing the Pentagon Papers were Daniel Ellsberg and Senator Mike Gravel.

Former Chairman of the Joint Chiefs of Staff: White House Cabinet Member Suggested Killing an American Service Man to Justify War On Monday, former chairman of the Joint Chiefs of Staff General Hugh Shelton told told Jon Stewart that a Clinton cabinet member proposed letting Saddam kill an American pilot as a pretext for war in Iraq.

Drudgereport: DEFICIT HITS RECORD...
Putin Slams West for Assange Arrest...
US cable: Cuba to be insolvent within 2-3 years...
Assange Lawyers Prepare for U.S. Spying Indictment...
Teen Arrested in Hack Attacks...
Donations to WIKILEAKS are Tax Deductible -- in Germany...
Anonymous cyberwarriors stun experts...
Media outlets may be probed over WikiLeaks stories, joe ‘zelig zionist incompetent and corrupt‘ lieberman in Campaign To Trample The First Amendment claims Can the US government prosecute media outlets that reported on the WikiLeaks cables? According to joe ‘zelig zionist incompetent and corrupt‘ lieberman in his Campaign To Trample The First Amendment, the answer is maybe.
Home Values May Drop by $1.7 Trillion This Year...
UNEMPLOYMENT WEEK: DOWN TO 421,000; REVISED UP LAST WEEK 438,000...
POLL: Most Americans Say They’re Worse Off Under Obama...
F O [Related: Olbermann: Obama Is ‘God Damned Wrong’ ]
REVENGE OF THE WIKIS!
Army of hackers targets the Swedish government...
Take down MASTERCARD site...
...VISA
PAYPAL...
AMAZON braces for hactivist attack...
Palin under cyber attack...
Assange's 'poison pill' file impossible to stop...
MOSCOW: Give Assange Nobel Peace Prize...
SENATE REJECTS REPEAL OF DON'T ASK DON'T TELL...
House Dems push through massive budget bill...
Final House Race Decided; GOP Net Gain: 63 Seats...
Ron Paul, Author of 'End the Fed,' to Lead Fed Oversight Panel...
Student protesters in London turn violent over tuition hikes...
Thousands try to break through police barricades at Houses of Parliament...
...attack car containing Prince Charles, Camilla...
Rolls Royce hit with paint; rear window smashed...
US Treasuries hit by biggest sell-off since LEHMAN...
Prices Plunge for 2nd Day on Deficit Fears...
Rattles investors...
Oil tipped to bubble over $100 barrel...
Food Stamp Rolls Continue to Rise...
SHOCK POLL: Americans Believe China Has Surpassed USA in Economic Strength...
'U.S. fiscal health worse than Europe's'...
Sorkin: Palin TV show is 'snuff movie'... [ Yeah … ‘she’s really all that’ and worse … I have great difficulty getting past the fact that she’s so incredibly dumb … not just ‘nonintellectual’ … butt really dumb! ] ‘… Sorkin, writer of the recent Facebook movie The Social Network, also accused the Fox News contributor of making a "snuff film" after the latest episode of Sarah's Palin's Alaska featured the politician going hunting with her father and shooting a caribou. He described Palin as "deranged", a "witless bully" and a "phony pioneer girl". He also said The Learning Channel, the US cable network, "should be ashamed of itself" for broadcasting her "truly awful reality show"…’
Senate convicts Clinton-appointed judge... [ Come on! One way or another they’re almost all getting bribed; including the initial lifetime appointment as alito, trump-barry, etc.. Abolish the corrupt, costly, economically wasteful lifetime extravagantly appointed federal courts (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) End those lifetime licenses to steel. ] In earlier hearings, two attorneys who once worked with Porteous had testified that they gave him thousands of dollars in cash, including about $2,000 stuffed in an envelope in 1999, just before Porteous decided a major civil case in their client's favor.
Assange could face espionage trial in USA...
Palin under cyber attack...
1st Amendment issues...
Assange's 'poison pill' file impossible to stop...
WIKILEAKS: Stop Us? You'll Have to Shut Down Web...
Berkeley 'resolution' honoring leaker...
Scientologists outraged over spoof Christmas play... [ Hubbard was such a total fraud! Scientologists are delusional! ]St. Petersburg, Florida – ‘A controversial holiday musical production is set to open at American Stage Theatre in St. Petersburg. Photos: Pictures of A Very Merry Unauthorized Children's Scientology Pageant "A Very Merry Unauthorized Children's Scientology Pageant" is a musical play designed for the holiday season, but this play will not focus on Jesus Christ, but instead the story is about L. Ron Hubbard, the founder of the church Of Scientology…’
NO BAIL...
Assange 'sabotaged condom' during one night stand...
Refused to wear one during another...
Stockholm police: Both women are victims...
INTERPOL WARRANT FOR NOT WEARING PROTECTION?
ASSANGE UNDER ARREST:
'HE DIDN'T WEAR A CONDOM'
Under arrest, will Assange dump the Doomsday Files?
Assange: Don't shoot messenger for revealing uncomfortable truths...
FLASHBACK: HILLARY COMPLAINS GOVERNMENTS BLOCK FREE FLOW OF INFO ON INTERNET...
WIKILEAKS: LIVE UPDATES...
FCC push to regulate news draws fire...
Lieberman: NYT may have committed crime by printing WIKILEAKS docs...
US to Host World Press Freedom Day in 2011 … [ What a total travesty! The u.s. as host … What a cruel joke! ] ...
OBAMA RACES TO CUT TAXES BEFORE REPUBLICANS: 6.2% Social Security tax would drop to 4.2% for workers for one year... MORE
THE NEW OBAMA!
SURPRISE TAX CUT MOVE [ As with defacto bankrupt america generally, more defacto bankrupt social security system, etc., are distinctions without significant differences. ]
OIL HITS $89...
Pump prices hit 2-year high...
Schwarzenegger Declares Fiscal Emergency, Proposes $9.9 Billion In Cuts...
Top Democrats defect, join unified GOP...
WIKILEAKS' Assange Will Release Encrypted Files If Arrested...
Cables Reveal How US Manipulated Climate Accord...
Cable: China Leaders Ordered Hacking on GOOGLE...
Meddling by Neighbors Adds to Iraq's Woes...
Government Workers Ordered Not to Read Cables...
Gingrich: Leaks Show Admin 'Shallow,' 'Amateurish'...
McConnell: Assange a 'High-Tech Terrorist'...
List of facilities 'vital to US security' leaked...
Mirror Sites Appear by the Hundreds...
Assange Speaks...
Hillary Jokes...
US forced to shake up embassies around world...
THE DOOMSDAY FILES
PAPER: Wave goodbye to Internet freedom...
[ I’m absolutely astounded that the world is not profoundly grateful to Assange et als for providing insight into the machinations and insanity of pervasively corrupt, defacto bankrupt america, et als who wreaked havoc on the world as they pillage, plunder, and destroy (lives, nations, etc.). ]
+39,000 JOBS IN NOVEMBER...
BOEHNER: Dem Leaders Should Stop Wasting Time on Tax Hike Votes...
HALPERIN: Dems 'In Midst of Nervous Breakdown'...
Obama Makes Surprise Trip to Afghanistan...
Flies 7,000 miles -- talks to Karzai for 15 minutes on phone!
Forgets the Coast Guard...
Leaves Biden behind to handle 'disappointing' jobs report...
Reid, funded by casinos, pushes online gambling...
ABCNEWS accused of breaking embargo...
2010 death toll of US troops nears that of 2001-2008 combined...
OBAMA SPEECHWRITER JOKES ABOUT TSA GROPING: Allows 'defrocked priests to give back to society'...
US Deficit-Cutting Plan Falls Short of Needed Votes...
UNEMPLOYMENT UP TO 9.8%
HILLARY: Secretary of State will be 'my last public position'... ... PITCHE$ $IGNED DVD ON HOME $HOPPING NETWORK..
US TO BAILOUT EU [ Riiiiight! Sounds like a plan! After all, in defacto bankrupt america money does grow on trees … derivatively (pun intended) that is … you know … that ever more worthless fiat paper currency … and ultimately, existentially, philosophically, doesn’t paper come from trees … sure it does …so, no problemo since money grows on trees. ]
BOMBSHELL: European banks took big slice of Fed aid...
Hundreds of billions of dollars...
Fed reveals global extent of its backing... ]

Funds went to stalwarts of American industry including GE and Caterpillar and household-name companies such as Verizon, new data show.
GEORGIA: HUNDREDS LINE UP IN COLD FOR HEAT HELP...
Assistance Funds Quickly Depleted...
'Almost like being in soup line during great depression'...
VIDEO...
DELAYING TAX VOTE COULD 'CRASH STOCK MARKET' STARTING 12/15 [ Come on! There’s no way to justify the tax cut to the top 1% including the frauds on wall street … their threats don’t hunt no more … the nation’s defacto bankrupt … see Davis, supra! ]
Chase Bank orders branch to remove Christmas tree...
Cyber attack forces WIKILEAKS to change web address...
Respected media outlets collaborate with organization... [ Said outlets and other disseminators and of course Wikileaks deserve accolades for the advancement of first amendment liberties in the name of an informed global body politick for all.]
UPDATE: Latest developments...
Foreign contractors hired Afghan 'dancing boys'...
Embassy cables portray Karzai as corrupt, erratic...
CIA drew up UN spying wishlist...
Assange speaks...
UPDATE: Latest WIKILEAKS developments...
Foreign contractors hired Afghan 'dancing boys'...
Embassy cables portray Karzai as corrupt, erratic...
CIA drew up UN spying wishlist...
SANTA CLAUSE: FED AID WENT TO COMPANIES, BANKS, OFFSHORE...
SECRETLY BAILED OUT GE -- GE NEWS OUTLETS FAILED TO REVEAL IN FED COVERAGE...
SANTA CLAUSE: FORD, BMW, TOYOTA Took Secret Government Money......
Fed Created Conflicts in Improvising Financial System Rescue...
Tax Breaks for Bailout Recipients Spark Debate...
MORE SECRETS: Fed Withholds Data for $885 Billion in Loans...
RUSSIA TO HOST '18 WORLD CUP FINALS...
Qatar selected '22 host over USA, others...
'AMERICAN PSYCHO' musical in works... [ I recommend the derivative films, American Psycho and American Psycho 2, for insight! ]
National Board of Review: SOCIAL NETWORK named best film... [ National board of what? ‘Inception’ is by far and away the ‘Best Film’ across the board, in all categories, and on the list! ] LIST...

BANK OF AMERICA Becoming 'Bank of Asia' as Revenue Increases 30% ...
RESET: PUTIN CRITICIZES USA OVER WIKILEAKS … [ Putin deserves the greatest deference in matters of global concern in light of his greater rationality; america’s self-serving accusations are merely envy and projection / displacement (in psychoanalytic terms) of america’s pervasively corrupt, criminal, broken system which is a far cry in reality from defacto bankrupt america’s propaganda.]...
REWARD: [ The payoff. Bribe complete! Next bribe scenario … ] CITI to Hire Obama's Ex-Budget Chief Orszag...
FLASHBACK: Rubin and friends ride NY-DC shuttle...
ZUCKERMAN: Watching America's Decline and Fall [the moral authority of the West has dramatically declined in the face of the financial crisis. It has revealed deep fault lines within Western economies that have spread to the global economy. The majority of Western governments are running fiscal deficits of 10 percent or more relative to GDP, but it is increasingly clear that there will be no quick fixes, that big government and fiscal deficits will not bring us back to the status quo ante. Indeed, the tidal wave of red ink has meant that the leverage-led or debt-led growth model is dead. Developed countries will be forced to deal with their debt on every level, from the personal to the corporate to the sovereign. Being able to borrow may have made people feel richer, but having to repay the debt is certainly making them feel poorer, particularly since the unfunded liabilities that many governments face from aging populations will have to be paid for by a shrinking band of workers. (Ecoutez, mes amis!) Demography is destiny. As a result, there is a burgeoning consensus that we are witnessing an inevitable rise of the East and a decline of the West…( 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). ) ]...
Interpol issues wanted notice for Julian Assange [ They just can’t take the truth! ] ...
US cuts access to files [ Think about it. Really think about it. Their policies are in the tank, along with the nation and the rest of this world as a consequence. Don’t those so detrimentally affected (everyone) have a right to know? I think in light of the global frauds, contrived perpetual wars though defacto bankruptcy of this and other nations, pervasive corruption and crime, failed policies domestically and geo-politically while serving the very parochial interests of the self-interested few, the answer is an unequivocal, YES! I believe that world history will write Mr. Assange as a hero in the truest sense. He should be given a medal; and, certainly, since mr. b*** s*** wobama undeservingly got a ‘nobel peace prize’ (what he does, not what he says, ie., Afghanistan, etc.), who more than Julian Assange is deserving of that and more? Cover-up / propaganda … thy name is fallen america.]...
WIKILECTURE: 'HILLARY SHOULD RESIGN' ‘…Hillary Clinton, Julian Assange said, "should resign." Speaking over Skype from an undisclosed location on Tuesday, the WikiLeaks founder was replying to a question by TIME managing editor Richard Stengel over the diplomatic-cable dump that Assange's organization loosed on the world this past weekend. Stengel had said the U.S. Secretary of State was looking like "the fall guy" in the ensuing controversy, and had asked whether her firing or resignation was an outcome that Assange wanted. "I don't think it would make much of a difference either way," Assange said. "But she should resign if it can be shown that she was responsible for ordering U.S. diplomatic figures to engage in espionage in the United Nations, in violation of the international covenants to which the U.S. has signed up. Yes, she should resign over that."…’
CITY ON EDGE: Cash-Strapped Newark, new jersey Forced To Lay Off 14% Of Police Force... [ From decades old (1978-1985) direct personal experience with newark, n.j., the police are the absolute last cuts that can be afforded to be made. Indeed, while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp. The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail. The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so). (Other newark / new jersey and new york, n.y. metro, viz., ie., connecticut, and of course, d.c., d.c. metro, viz., ie., virginia experience … corrupt federal judges as maryanne trump barry, sam alito, shiff, matz (california), hall, underhill, dorsey, etc.. Defacto bankrupt america’s so-called system is pervasively corrupt and broken (AP) Abolish the corrupt, costly, economically wasteful lifetime extravagantly appointed federal courts - see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ]
Nation's '2nd Most Dangerous City' (camden, new jersey) To Lay Off Nearly Half Of Police Force...
Chicagoland: Vandals torch Christmas charity van...

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

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

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

Housing agencies clash over mortgage-relief program (Washington Post) [ At this point, who’s still counting? Howard Davidowitz on the Economy: "Here Are the Numbers ... WE'RE BROKE!" 11-25-10 ‘The U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're broke," Davidowitz declares, noting the U.S. government goes $5 billion deeper into debt every day and is facing $1 trillion-plus annual deficits for the next decade. "In other words, we're bankrupt."As with the economy, Davidowitz is unwaveringly consistent in his views on President Obama, calling him "deranged, dysfunctional and discredited."Results of the midterm election show "the people of this country think we are in a catastrophe," he says. "I'm with them."Check the accompanying video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy Thanksgiving! Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or email him at altask@yahoo.com’

Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] Some say the plan could avert foreclosures. Others fear it would cost taxpayers too much.

How China branded Nobel winner Liu Xiaobo a traitor (Washington Post) [ I am staunchly anti-communism. That said, it is also true that I’m also against what pervasively corrupt, meaningfully lawless, defacto bankrupt america has become; most certainly not a thriving democracy. Though america’s suppression of speech, cover-ups, etc. ( see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ), are arguably less direct, indirect, circumlocuted, obfuscated, etc., the same is very real and one may say the communist Chinese have in essence taken a page out of america’s playbook. ]

Amazon, PayPal fend off hacker attacks over WikiLeaks (Washington Post) [ Having been the subject / object of numerous cyber attacks / attempted hacks, etc., while opposing such as the u.s. gov’t is noted for, aren’t amazon, paypal, etc., getting a taste of their own medicine in wrapping themselves in the flag as scoundrels are apt to do (as a last refuge and act of desperation – yes, pervasively corrupt, defacto bankrupt america’s desperate) or bully bandwagon policy. ]Sympathizers of the anti-secrecy Web site attack firms because they had severed ties with WikiLeaks.

Unions oppose free-trade deal (Washington Post) [ While one must concede that the union opposition is an instance of too little, too late; what one cannot do is argue with the logic and rationality of their position. ] AFL-CIO, Steelworkers and other unions say that South Korea pact will drain U.S. manufacturing jobs.

Democrats vow to block tax deal (Washington Post) [ ‘bush tax cuts’? … as he spent more on contrived, illegal wars … doesn’t that kind of say it all … from that war-criminal moron ( http://albertpeia.com/bushisms.htm ) whose admitted ‘conversations with his war-approving God’ indicating a delusional mental state easily diagnosed as one of a number of mental disorders in the APA Diagnostic and Statistical Manual of Mental Disorders and whose irrationality has been continued by wobama. How can anyone justify the ‘bush tax cut extension’ economically or otherwise? ( Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘) Bernanke's newest headache looms (Washington Post) [Headache? I would say it’s his last contact with sanity! After all, wasn’t it bernanke that declared ‘no recession’, now dubbed the ‘Great Recession (actually depression)’ which has morphed into what will ultimately be called a hyperinflationary depression. Indeed, the so-called (fraudulent wall street) ‘wealth effect’ as now admitted to by bernanke as a goal of his dollar debasing easing, has been done before with disastrous results (ie., most recently the dot.com bubble, and that even more recent bubble preceding the last crash, etc.). The debased currency enables ‘paper profits’ before the higher costs catch up, even as the inflated profits are hailed as something other than fleeting, obfuscating manipulations which are posited as justification for enabling the continued wall street churn-and-earn record-bonus fraud, even as their prior fraud is swept under the rug in the form of now mark-to-anything worthless paper, as the wall street perps cash out … again! Abolish the fed! ] Rep. Ron Paul (R-Tex.) is poised to chair the House Domestic Monetary Policy Subcommittee, putting the gavel of the panel overseeing the Federal Reserve into the hands of one of its most outspoken critics.

It's OK to Panic, But Take Your Time Inflation Trader ‘Another day of selloff in the bond market, and I wonder how much fingernail-chewing is happening at the Fed? 10-year Treasury yields rose to 3.27% for the first time since mid-June (see Chart, click to enlarge). Forget QE2 at the beginning of November, or the discussion about it at the end of August; in June we had just watched volatility spike and the S&P was undecided about whether to go above 1100 or below 1050 (it eventually did both). Inflation expectations were in retreat. [chart] This is starting to get ugly. The sharp selloff in bonds is, at some level, not terribly surprising because of the time of year. Illiquidity in December is hardly a news flash, and I always take care to remind people that illiquidity doesn’t mix well with all of the mortgage paper out there that represents “short gamma” positions. More succinctly put, if you start a stone rolling at this time of year, it is often more likely to gather speed than come to rest. For all of the beating that nominal yields have taken, though, real yields today got it worse. The 10-year real yield surpassed 1% for the first time since September, on a 19bp selloff. 10-year TIPS yields have risen from 0.40% to 1.04% since the Fed started QE2 (see Chart, click to enlarge). Keep in mind that this happened on a day in which the Federal Reserve was buying TIPS in the market. [chart] …’

Rogers: U.S. Government Inflation Data Is a ‘Sham’ U.S. government inflation data is “a sham” and is causing the Federal Reserve to vastly understate price pressures in the economy, influential U.S. investor Jim Rogers said on Tuesday.

[video] Traders Skeptical of Claims Data [ Of course they’re skeptical because they know it’s not true and far worse.] NEW YORK (TheStreet) – ‘The market is wary of the latest positive jobless claims causing some selling according the NASDAQ analyst Anu Sharma.’

More Than Half of Americans Want Fed Reined In or Abolished A majority of Americans are dissatisfied with the nation’s independent central bank, saying the U.S. Federal Reserve should either be brought under tighter political control or abolished outright, a poll shows.

Bernanke’s False Bounce Way back in 2008, Michael Maloney, in his book, Guide to Investing in Gold and Silver, described the economic scenario he thought most likely to come to pass. Here’s an update: it’s playing out right now!

Economists Encourage Gulf States To Dump Dollar, Buy Gold GCC states should boost their foreign reserve holdings of gold to help shield their billions of dollars of assets from turbulence in global currency markets, say economists at the Dubai International Financial Centre Authority (DIFCA).

QE2 Has Added To The Severity of the Crisis Policy makers within the Treasury and the Fed are only interested in delaying and extending the timeline trying to find and extricate themselves from one of the most dangerous fiscal and monetary failures of all time.

National / World

Your Toxic Tap Water Paul Joseph Watson | After watching this interview, you’ll never look at tap water the same way again.

Russian official: WikiLeaks’ Julian Assange should receive Nobel prize Eric W. Dolan | An unnamed Russian official suggested detained WikiLeaks founder Julian Assange should be awarded a Nobel prize.

TSA Subjects Indian Ambassador To US To Glass Cage, Enhanced Groping Steve Watson | Indian Embassy describes incident as “unacceptable.”

Shadowy Hacker Group Targets Enemies of Wikileaks Kurt Nimmo | The attacks are intended to put pressure on financial companies that recently cut ties with the WikiLeaks website.

Alex Calls FBI During Live Broadcast to Report Illegal Activities at Pentagon Infowars.com | Alex responds to “report suspicious activity” at Wal-Mart checkouts.

UN Climate Concern Morphs into Chemtrail Glee Club Rady Ananda | Group agreed by consensus to a moratorium on geoengineering projects and experiments.

Celente: American Empire is collapsing ‘As the US economy continues to struggle, it seems Wall Street and big banks are doing better than ever. The income disparity gap in the United States is the largest of all the developed industrial nations. The Trends Research Institute Director Gerald Celente says the American Empire is collapsing and the banks have committed the greatest bank robbery in the history of the world.

Where no man has gone before (Washington Post) [ Geeh! I can almost hear that Star Trek Theme reverberate in my head, followed by a taste of Zarathustra … After all, this is 2010 Odd but hardly a Space Odyssey. Indeed, merely launching rockets is a far cry from Jupiter, and as for the moon; well, they just didn’t get that done either … though the video was … okay. Launch of secret US space ship masks even more secret launch of new weapon

The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now the Defense Department wants to up the stakes with new, destabilizing weapons systems that will transform low- and high-earth orbit into another “battlespace.”

buzz aldrin wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he already has the footage in the can since you won’t be able to use the moon footage for the new boondoggle video ...

OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - ‎CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie. And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.

First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv http://www.albertpeia.com/moonfraud.htm

] SpaceX Falcon 9 rocket launch heralded as successful test of commercial spaceflight.

Afghanistan: Gates: Progress has 'exceeded my expectations' (Post, December 8, 2010; 5:53 PM) [ Talk about that ‘low expectations / better than expectations thing’. ]
U.S. hurting peace chances by giving up on israeli settlement freeze, analysts say (Post, December 8, 2010; 11:00 PM)
In South Korea, Joint Chiefs chairman scolds China for its 'tacit approval' of North's aggression (Post, December 8, 2010; 11:01 PM)
Iran talks end with little sign of progress (Post, December 8, 2010; 1:04 AM)
Rice, on 'The View,' defends Obama on WikiLeaks (Post, December 8, 2010; 1:00 AM) (Washington Post) [ The problems in all these regions are inextricably tied to the nation with insurmountable problems of its own and own making. That nation quite obviously is pervasively corrupt, meaningfully lawless, defacto bankrupt america (along with such comparable enablers / allies as zionist israel, nato, etc.. How can anyone believe anything they say, least of all gates who hails from C(ottage)I(ndustries of)A(merica) based on lies, chaos, and conflict.]

[I’m beginning to wonder if Messiers Broder and Milbank are long lost monozygotic twins who seem to have coincident albeit wildly outlandish thought patterns so I once again keep them together here … Broder: Obama's in a good position for 2012 / A short-lived rebellion Milbank: Congressional Democrats berated Vice President Biden (oooooh! A real tongue-lashing for lobotomy joe who can hardly comprehend the words much less the rationale, if any, underlying their opposition) . But there wasn't much more they could do about the tax deal. - I mean … come on! Not that those disfunctional republicans are a shoe-in by any means but let’s get real; republicans / democrats, are distinctions without significant differences, ie., perpetual war, increased defacto bankruptcy of the nation, incompetent, corrupt, etc.. The democrats don’t when the could have, and try when they can’t; and frankly, I believe the people are on to both parties’ politics of political cover / talking points as they all proceed with same old, same old politics of failure which in america is a recurring theme because nothing succeeds like failure in america. As it stands now, things are so open that even a dope like palin thinks she has a shot … at caribou that is – Drudgereport: Sorkin: Palin TV show is 'snuff movie'... [ Yeah … ‘she’s really all that’ and worse … I have great difficulty getting past the fact that she’s so incredibly dumb … not just ‘nonintellectual’ … butt really dumb! (That said, she is a major contributor … to Saturday Night Live. ] ‘… Sorkin, writer of the recent Facebook movie The Social Network, also accused the Fox News contributor of making a "snuff film" after the latest episode of Sarah's Palin's Alaska featured the politician going hunting with her father and shooting a caribou. He described Palin as "deranged", a "witless bully" and a "phony pioneer girl". He also said The Learning Channel, the US cable network, "should be ashamed of itself" for broadcasting her "truly awful reality show"…’ ]

U.S., European policies diverge (Washington Post) [ Well, we certainly can start with the fundamental reality that they’re both failing; sinking or drowning (in debt, corruption, etc.), so to speak, and as they thrash about in desperation, some view of the convergent policies that got them there, ie., wall street frauds and cover-ups / mark to anything, etc., perpetual wars, etc., eventually leads to that inevitable conclusion that maybe a different direction is warranted as the proverbial light bulb goes on in their heads. While it is true that you can lead a horse to water but can’t make them drink, it is also true that sometimes as when you’re drowning, drinking water is the last thing you should or want to do. China Official: US Fiscal Health Worse Than Europe's Dec 8, 2010 ... China Official: US Fiscal Health Worse Than Europe's. ... Position Yourself to Profit from Obama's About-Face ... said that U.S. bond prices and the dollar would fall when the European economic situation stabilized. ... Some European Countries Are Bankrupt: Jim Rogers ] Even as President Obama details this week a sweeping deal on tax cuts that would add hundreds of billions to the nation's debt, European officials are pushing ahead with a sometimes draconian round of spending cuts, tax increases and other government belt-tightening. Both strategies are being pursued in the name of economic growth. But can both be right?

Senate leaders set to begin debate on tax cuts (Washington Post) [ Riiiiight! They’re busy doing the people’s work … the question is, which people? If you said the frauds on wall street, you’d be correct. If you said the top 1% in income (the wealthiest), you’d be correct. If you said themselves, you’d be correct. If you said anything else you’d undoubtedly be incorrect. See infra, ie., The Economic Recovery Rolls on as America Turns to Food Stamps What recovery? On fraudulent wall street? The new fraud goes on!, etc.. ] Democrats are still angry, but lawmakers say the magnitude of the concessions President Obama won in the talks came into sharper focus. GOP lawmakers hiring lobbyists, despite rhetoric Interactive: What the extension means for you. Reid seeks votes that are sure to fail

The Economic Recovery Rolls on as America Turns to Food Stamps [ What recovery? On fraudulent wall street? The new fraud goes on! ] Tradermark ‘I could talk about the food stamp issue once a month, but as the "recovery" gains steam, I prefer to only speak about it when we hit important milestones. Believe it or not, when I began FMMF in 2007, "only" 1 in 11 of our citizens was on foodstamps. [May 7, 2008: 1 in 11 Americans on Food Stamps] We passed many milestones during the Great Recession...1 in 10, 1 in 9 [Jun 8, 2009: 1 in 9 Americans on Food Stamps] ... and finally in the throes of recovery we hit 1 in 8 ... with 1 in 4 American children in the program.[Nov 29, 2009: 1 in 4 Children, and 1 in 8 Americans Now on Food Stamps] I know it is hard to believe in a country where we measure our progress based on how the stock market does, how many Coach bags the average upper middle class woman owns, or what aggregate GDP figures say, but things are pretty awful for a large part of society. After crossing the 1 in 8 threshold last Thanksgiving, just over a year later we are sniffing at 1 in 7 (which would be approximately 14.25% of all citizen per the WSJ.The bifurcation of American society continues at pace. [Nov 10, 2009: Walmart Executive "There are Families Not Eating at the End of the Month"] Definitely a fascinating society we are creating.... the social implications in the long run are compelling. We joke about Americans not being engaged and why we do not have protests in the street about what is happening in this country, like those crazy Europeans. Aside from being busy with the circus (Dancing with the Stars, NFL, et al) ... we are also offered bread. If you want to see those sort of public movements, take away programs like food stamp. When the desperation kicks in, you would see some serious game changing fireworks [Dec 8, 2007: Do the Bottom 80% of Americans Stand a Chance?] [Sep 7, 2009: Citigroup - America; A Modern Day Plutonomy]

• More people tapped food stamps to pay for groceries in September as the recession and lackluster recovery have prompted more Americans to turn to government safety net programs to make ends meet.
• Some 42.9 million people collected food stamps last month, up 1.2% from the prior month and 16.2% higher than the same time a year ago, according to the U.S. Department of Agriculture.
• Nationwide 14% of the population relied on food stamps as of September but in some states the percentage was much higher. In Washington, D.C., Mississippi and Tennessee – the states with the largest share of citizens receiving benefits – more than a fifth of the population in each was collecting food stamps.

Anyhow, per the 'wealth effect' plan, we're all gonna get rich via the stock market bubble Ben is inflating, so no problemo. [Nov 10, 2010: Who Will Any Form of Intermediate Term Wealth Effect Really Help? Not the Masses] The irony of my piece on November 10th is borne out by the fact that the 6 of the 10 counties ringing Washington D.C. are the country's richest, as our federal government spends as if there is no tomorrow. But Washington D.C. itself has more than 1 in 5 citizens on food stamps.
FOOD STAMP USE, BY STATE [Click on the top of any column to resort the chart.]

State	Number of people on food stamps Sept. 2010	Year-over-year change	Month-over-month change	Percent of population on food stamps
U.S. total	42,911,042	16.2%	1.2%	14%
Alabama	849,785	12.8%	1.2%	18%
Alaska	81,196	15.4%	-0.1%	11.6%
Arizona	1,044,410	10.9%	-0.3%	15.8%
Arkansas	483,309	8.4%	0.7%	16.7%
California	3,466,974	17.7%	1.2%	9.4%
Colorado	424,878	16.8%	0.1%	8.5%
Connecticut	364,341	22.8%	1.4%	10.4%
Delaware	124,755	21.9%	2.6%	14.1%
District of Columbia	128,759	16.4%	1.7%	21.5%
Florida	2,881,019	25.8%	2.5%	15.5%
Georgia	1,693,976	16.4%	0.7%	17.2%
Hawaii	147,250	15.7%	1.2%	11.4%
Idaho	214,378	39.1%	1.2%	13.9%
Illinois	1,839,051	18.6%	8.5%	14.2%
Indiana	857,992	13.3%	0.6%	13.4%
Iowa	352,164	10.9%	0%	11.7%
Kansas	291,126	18%	0.6%	10.3%
Kentucky	804,538	8.7%	-0.1%	18.6%
Louisiana	864,112	10.3%	0.9%	19.2%
Maine	237,530	9.6%	0.1%	18%
Maryland	616,102	20.4%	1.5%	10.8%
Massachusetts	785,435	12.2%	1%	11.9%
Michigan	1,884,751	15.2%	0.4%	18.9%
Minnesota	455,852	17.2%	0.7%	8.7%
Mississippi	601,432	8.7%	1.1%	20.4%
Missouri	928,183	7.9%	0.1%	15.5%
Montana	119,039	15.8%	0.1%	12.2%
Nebraska	169,385	14.5%td>	0%	9.4%
Nevada	314,253	28.7%	1.5%	11.9%
New Hampshire	110,576	20.4%	0.6%	8.3%
New Jersey	690,075	27.2%	1.9%	7.9%
New Mexico	390,154	20.1%	0.6%	19.4%
New York	2,895,995	13.3%	0.8%	14.8%
North Carolina	1,476,207	18.2%	2.3%	15.7%
North Dakota	61,229	7.1%	0.3%	9.5%
Ohio	1,683,877	11.9%	0.8%	14.6%
Oklahoma	613,531	14%	0.9%	16.6%
Oregon	738,702	13.2%	0.7%	19.3%
Pennsylvania	1,644,259	13.2%	0.3%	13%
Rhode Island	150,450	26%	1.3%	14.3%
South Carolina	832,651	11.3%	0.3%	18.3%
South Dakota	99,504	14.9%	0%	12.2%
Tennessee	1,267,478	8%	0.5%	20.1%
Texas	3,837,839	24.6%	0.9%	15.5%
Utah	269,819	25.9%	3.8%	9.7%
Vermont	87,838	7.7%	1%	14.1%
Virginia	826,277	13.8%	0.7%	10.5%
Washington	1,006,518	16.4%	0.8%	15.1%
West Virginia	343,764	5.1%	-0.6%	18.9%
Wisconsin	762,287	21.3%	0.6%	13.5%
Wyoming	35,615	17.2%	0.2%	6.5%

Sources: USDA, WSJ Research

[Nov 5, 2010: USA Today: Anti-Poverty Programs Surpass Cost of Medicare in US]
[May 25, 2010: 1 in 5.5 Dollars of American Income Now Via Government; All time High]
[Oct 22, 2010: Reuters - The Haves, the Have Nots, and the Dreamless Dead]
[Sep 3, 2010: FT.com - The Crisis in Middle America]
[July 26, 2010: [Video] DatelineNBC - America's Increasing Ranks of Poor]
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