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 ]
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.
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!" 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! ‘
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 ]
(12-09-10) Dow 11,370 -2 Nasdaq 2,616 +7 S&P 500 1,233 +4 [CLOSE- OIL $88.37 (-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 $1,389 (+24% for year 2009) / SILVER $28.82 (+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 3.23% …..… 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
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. Episode VIII By the Summer of 2010, the bottom was falling out of the US economy. The evidence was voluminous and cumulative. It showed up in the numbers, both on paper and on the street. The numbers didn’t lie. But the White House and mainstream media “experts” did. An honest look at a typical week in August 2010 told the story. In the sweltering Georgia heat, an unruly mob of 30,000 crowded an Atlanta parking lot, desperate to win one of just 455 prized vouchers for Section 8 housing assistance. Some had waited on line for days. People were trampled, fights broke out and cops in riot gear were called in to keep control. This Georgia scene was no aberration, rather, it was symptomatic of the state of the nation. In the same week that cash-starved people were fighting for an affordable roof over their heads, it was reported that some 20 million US homes, either unsold or foreclosed, stood vacant. It was an August in which headlines read: !"U.S. Trade Deficit Unexpectedly Widens to $49.9 Billion as Exports Decline !"Mortgage Arrears Deepen U.S. Fears !"Factories Lose Orders, Builders Lose Confidence !"Housing Starts in U.S. Increased Less than Economists Forecast Last Month !"July Home Prices Dropped 3.3% as Foreclosed Properties Flooded Market !"Construction Spending Sinks to 10-Year Low in July as Investments in Projects are Now 34 Percent Below February 2006 Peak !"U.S. New-Home Sales Flat in August, Matching the Second-Lowest Level on Record !"Existing-Home Sales in July Down 25.5% from Previous Year !"Second Quarter GDP Growth Revised Down from 2.4 Percent to 1.6 Percent !"Unemployment Claims in U.S. Unexpectedly Climb to Highest in Five Months !"Auto Sales: Worst August Since 1983 The headlines told the real story, but that’s not the way it was being told by political prostitutes, Wall Street shills and media barkers. From the onset of the crash that began in the Summer of 2007, they had been suckering the public into placing bets to keep a rigged and doomed game going. The collusion went on at such a high level that it passed for rational policy. From late 2008 through 2010 — by Federal Government and Federal Reserve dictate — the economy was seeded with unprecedented trillions of TARP, stimulus, and sundry other bailout dollars. No single initiative in the history of the nation would prove more destructive. These actions, which would ultimately lead to a financial Dust Bowl, were glowingly described in the 2009 edition of Federal Reserve Chairman Ben Bernanke’s Financial Farmers’ Almanac as waves of “green shoots” that would sprout from sea to shining sea. Over the course of two years of lavishly fertilizing too big- to-fails and securing critical voting blocs of civil servants, teachers and unions with employment guarantees and “shovel ready” projects, Americans were reassured that, surely if belatedly, green shoots were indeed flowering. “Folks, the act is working … more people are going to be put to work this summer,” boomed Joe Biden in June 2010, as he officially announced the Obama administra- Vol. XVIII, No. 24 Autumn Issue • 2010 The History of The Future: Trends 2012 Off With Their Heads 2.0 2 The Trends Journal • Autumn 2010 Crash or No Crash? Over the past few months we’ve been receiving emails questioning the forecast we made at the end of 2009, predicting the “Crash of 2010.” With the world equity markets on a tear and the Dow fluctuating around 11,000, bulls are bellowing. Were we wrong? Actually, not. We specifically avoid singling out the market. In fact, in our 30 years of trend forecasting, only once did we make a stock market forecast, and that was in January of 1987 when we predicted an imminent market collapse. On October 19, 1987 the world equity markets collapsed and the Dow plunged 508 points (22 percent). That 1987 forecast was made on the understanding that those markets were highly inflated, artificially hyped and due for a fall. And while there has always been insider trading and manipulation by major players, back then it was a simpler crooked game and it was possible to see more clearly how it was played. But in this digital age of high-frequency trading, flash crashes, dark pools, ghosting, rogue traders, etc., a whole new set of schemes has been added to further complicate any attempt at market forecasting. Perhaps more importantly, we do not consider the stock market a reliable macroeconomic indicator. Our forecast stated that before the end of 2010, a shock to the economic system would make it clear that there would be no recovery and the “Greatest Depression” would ensue. The desperation measures currently being taken by the Federal Reserve and the world’s Central Banks (flooding the markets with endless liquidity) have sparked a currency war. The dollar is set up to crash, sovereign debt defaults loom, Europe is rioting … and the year is not yet over. ... “The proof of the pudding is in the eating,” he said. No! The proof was in the pudding. Even as Biden blathered, the people couldn’t afford the pudding. Food stamp use in America had hit a record 40.8 million in May, up 19 percent from a year earlier — “Recovery Rations,” as Gerald Celente called them. Unemployment levels in the United States were at their worst since the Great Depression, and would only get worse. Since 2000, some five million high-paying manufacturing jobs had evaporated, and the fraction of new jobs created (health aids, hospitality workers, restaurant help, etc.) paid plantation wages. The jobs lost were not coming back, and unless major trends and policies were reversed, they never would. In that same sleepy August, while Empire America was being systematically plundered by a criminal class of power-mad politicians, money-mad financiers and murder- mad military, the most significant news stories were drawing little attention: !"China Cuts Long-Term Treasuries by Record Amount as Yields Fall !"China Favors Euros Over Dollars as Bernanke Shifts Course on Fed Stimulus !"China Doubles Korean Bond Holdings as Central dmwphoto.com 10 The Trends Journal • Autumn 2010 up 165 points, only to give back most of it after the weekend on Monday’s deceptive news: “Consumer Spending in U.S. Climbs More Than Forecast, Personal Incomes Lag.” (Bloomberg, 30 August 2010) OBAMA CON There was no convincing way to spin recovery out of spending more while earning less. Returning from his ten-day vacation, President Obama, in a televised appearance, assured the nation that while the recovery was slow, the nation was moving in the right direction, and he and his team were “hard at work in identifying additional measures.” The majority of Americans, believing what they were told, just not listening, or sunk in apathy — were doing nothing to prepare for the upcoming winter’s economic battering. It was a textbook grasshopper and ant summer. But not everyone bought into the Econo-con. Armed with the facts, unafraid to face unwelcome conclusions, and with the courage to change long-held opinions – and even lifestyles — the 20 Percent able to think for themselves were busy preparing for the “Crash of 2010.” Trendpost: The familiar Grasshopper/Ant fable attributed to Aesop was to be taken at its most basic and literal level. Winter was on its way: be prepared. Aesop’s simple moral was in fact an abridged version of the less familiar, but more profound, detailed and practical advice enshrined in the Old Testament (Proverbs 6:6- 9): “Go to the ant, you sluggard! Consider her ways and be wise, which having no captain, overseer or ruler, provides her supplies in the summer, and gathers her food in the harvest. How long will you slumber, O sluggard!” There, in the ancient text, was a model for the “20 Percent Solution.” (See “20 Percent Solution, Trends Journal, Spring 2010) The morality tale is about more than food and shelter. Updated for the 21st century, it meant that only the physically, emotionally and spiritually fit would survive. ! “Go to the ant.” In other words, seek counsel from those with proven track records of success in their field of expertise. ! “Consider her ways and be wise.” You don’t go to an obese doctor for a weight problem, or to one who all too readily deals prescription drugs for a psychological problem. You don’t heed the advice of pundits, shills and political pitchmen with agendas when you need financial direction — especially since most of them have been consistently wrong in the past. ! “Having no captain, overseer or ruler.” After counsel is given, facts presented, data analyzed and the situation assessed, in the end, you — and only you — are the final arbiter. “Think for yourself” is the cardinal rule of The Trends Research Institute. ! “How long will you slumber, O sluggard!” Pass the wake up call onto others; those of the 80 percent capable of becoming part of the 20 percent. Publisher’s Note: I get many emails from readers frustrated by their inability to convey to family and friends the reality and urgency of existing conditions. It cannot be helped. In theory the facts should speak for themselves, but in practice only a small percentage are capable of accepting facts that contradict deeply held beliefs and assumptions. Choose your audience carefully, and do not waste time on the pathologically somnolent. In the words of the ancient sage: “If you would prevail in a mad world, do not try to talk moonbeams to the blind or music to the deaf.” Trendpost: The following are some practical actions to consider and productive attitudes to cultivate. 1. Beware of the seduction of spiking stocks and the siren song of “buying opportunities.” Play the market only if your finances are secure, gambling is your game, and you can afford to lose. The odds of getting the timing right — buy low, sell high — are long, unless you’re privy to inside information in a manipulated market. 2. While no investment is devoid of risk, in the even harsher economic climate to come, we consider having a substantial gold reserve as a survival essential (in your possession, rather than in a bank safety deposit box that can be shut by government decree). Having tripled in The Trends Journal • Autumn 2010 11 price since 2000, we reiterate our forecast of gold $2,000 per ounce … and possibly much higher. Lurking fears of inflation, predictable economic turbulence, possible major military strikes all reinforce gold’s “safe haven” status. Added to this, gold prices were, and still are being driven higher by governments’ attempts to push their currencies lower in hopes of boosting export competitiveness. Given the innumerable variables including possible government controls, central bank interventions and collusion among major players, it is impossible to predict the precise timing of how high gold will go and when. Also, a plunge in the equities market could spur investors to sell their gold holdings to raise cash. Even in the unlikely event of a global economic recovery, betting on gold would still pay off. For the first time in three decades, investment demand in 2009 exceeded jewelry consumption. In a recovery, demand for gold from China and India, two major gold bug nations, will broadly strengthen. There are many who prefer silver as their fail-safe of choice, both for its affordability and their belief that it is undervalued relative to gold. While the reasoning is sound, in terms of sheer storage space and portability (in 2010 it took roughly 60 ounces of silver to equal an ounce of gold in value) silver presents obvious problems of its own. Publisher’s Note: As a longtime gold believer, I am often asked, “What would you do with gold and silver in a worst case economic scenario of rampant inflation and/or societal upheaval?” The answer is, there will always be a ready market of buyers, brokers and dealers for precious metals. Simply exchange it for the currency of the realm, no matter how inflated it may be, to make necessary purchases. Or use it to barter for goods and services. No matter what the situation, I believe that gold and silver will retain their value more than most anything else, and will be exchangeable for everything from food to freedom. 3. Assuming that the worst is still to come, how Depression- proof is your job or business? Health professions will continue to experience strong growth for obvious reasons, such as an aging, overweight, sedentary, and depressed populace. And, there will be numerous niche markets and specialties opening up within the trend. For example, retrofitting homes to make them senior-friendly: elevators in multistory homes and a spectrum of ergonomic products, fixtures and aids to accommodate a baby boom generation who, though babies no more, have resisted making plans for old age. While it goes without saying that there will be a plethora of low-paying home health aid/eldercare jobs that will at least provide survival wages, there will also be many lucrative opportunities opening up for the highly skilled and the creative. Whatever trade, craft, profession or business you’re in (whether threatened by economics conditions, outsourcing, obsolescence, etc.) diligently explore any connection it might have with the aging trend. There will be an export potential for unique products in all nations with aging populations. 4. Liquidate! Sell off what you don’t need while there is a market for it. From His big-boy toys (too many cars, barely used boats and useless collectibles), to Her bursting closets of designer clothes and household items hardly used … and on down to self-storage units. As a rule of thumb, if you have stuff in storage, you have more than you need (unless you’re displaced and have nowhere else to store it). Eliminating excess is more than simple economics. On a more profound level, deciding to separate yourself from your possessions is an emotional/spiritual practice. You are not what you own! “Having tripled in price since 2000, we reiterate our forecast of gold $2,000 per ounce … and possibly much higher.” The Trends Journal • Autumn 2010 '
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.
Drudgereport: 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...
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 - - 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 - - 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.]
| 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]
original article’
Fading Momentum: Dave's Daily ‘Some worry that interest rates are rising quickly steepening the yield curve which in turn rallies the dollar and hurts commodities. Clearly, rising interest rates have always been the enemy of commodities especially when they rally the dollar. Politics are also in play as investors fret that congress won't pass the Obama deal made with republicans. That seems a little too short-term in thinking since next month republicans take charge of the agenda either way. So, investors are trying to come to an understanding of current conditions feeding sector rotation and a lack of resolve. Copper has always been a measure of economic growth; hence the "Dr. Copper" nickname given the metals ability to forecast accurately. Copper prices are setting new highs and that indicates strong demand particularly from China where every economist worries about bubbles and economic dangers. But, I'll go with the good doctor. We haven't gotten much in the way of economic data recently but that will change with Jobless Claims on Thursday as if anyone cares based on recent reactions to both a good or poor report. The lack of conviction is reflected by another low volume trading day on Wednesday. Breadth was mixed.’
Bull Market for Traders Only Hui ‘Further to my last post indicating that the bulls are firmly in control of the stock market, I received a number of comments to the effect of "what are risks in your forecast?"
BULLISH CALL FOR TRADERS ONLY
First of all, I would emphasize that my bullish call is for traders only. Investors should be cognizant of the macro risks inherent in this market. I agree with John Hussman that central bank action is only propping up a house of cards and the macro risks are considerable [my emphasis]:
I continue to view Bernanke's apparent objective for QE2 - to create a "wealth effect" by encouraging speculation in risk assets - to be dangerously misguided. Historically, the elasticity of GDP to changes in the stock market is on the order of 0.03 to 0.05, and is transitory at that. In plain English, this means that even large changes in the value of the stock market do not translate well into changes in GDP. This is because consumers correctly consume on the basis of what they see as their "permanent income," and are well aware that changes in volatile assets tend to be transitory when they are not accompanied by growth in real output and incomes. Bernanke is not thinking as an economist in this regard. He is thinking like a witch doctor calling on animal spirits (ooh, eee, ooh-aah-aah, ting, tang, walla-walla bing-bang).
And the ECB seems to be getting into the act as well:
Finally, last week, Jean Claude Trichet, the head of the European Central Bank, provided early indications that the ECB would be stepping up its buying peripheral government debt issued by Ireland, Greece, Portugal and Spain. Of course, the ECB prefers to "sterilize" these interventions, so it can be expected to sell the debt of stronger members such as Germany. Accordingly, yields dropped on the debt of credit-strained European countries, while German yields pushed to fresh yearly highs. It doesn't take much thought to recognize that, like Bernanke's actions, the actions of the ECB are ultimately likely to represent not monetary policy but fiscal policy. When you buy the debt of countries that have a high likelihood of defaulting on this debt, or will avoid default only by the creation of currency that could have been issued to finance fiscal expenditures, it follows that you are engaging in fiscal policy without the authorization of elected governments.
For the time being, my inner trader continues to believe that central bankers are intent on throwing a huge party - so enjoy it while you can (but don't forget to keep an eye on the exit).
KEEP AN EYE ON CHINA
While the risks posed by the actions of the Federal Reserve and the ECB are longer term in nature, the biggest risk to the near term outlook continues to be China. The Chinese economy may be slowing. Indicators such as the Baltic Dry Index are suggestive of incipient weakness. The Chinese have indicated that they are worried about inflation and they may take further stepss to tighten monetary policy by increasing banking reserve ratios in 2011. Other analysts have indicated that the Chinese authorities may resort to interest rate increase and possibly price controls.I believe that as long as the RMB-USD peg remains, Federal Reserve actions (QE2, QE3...) are likely to export asset price inflation to China and the Chinese authorities have limited tools available to combat domestic inflationary pressures. The real risk becomes one of China going overboard on the limited toolset that they have and send their economy into a hard landing. Moreover, with the US recovery continuing to be anemic for the forseeable future and the 2012 presidential election just over the horizon next year, trade tensions with China are likely to rise in 2011 because of domestic political considerations. What happens if either Washington or Beijing miscalculates?
WATCH FOR SIGNS OF WEAKNESS
For the time being, I am watching the Shanghai market closely. The chart below shows that while that market has retreated from recent highs, it appears to be only corrective action (for now). Should the Shanghai Composite weaken further, along with other indicators such as the Baltic Dry and more signs of Chinese tightening, then it's time for the bulls to head for the exits. [chart] ‘
ETF Fund Flows: RSP Exceeds, SPY Bleeds , On Wednesday December 8, 2010, 11:00 am EST ‘Investors put $322 million into the Rydex S&P Equal Weight ETF (NYSEArca:RSP - News), while pulling $1.61 billion out of the SPDR S&P 500 ETF (NYSEArca:SPY - News), as total assets in U.S. ETFs climbed to more than $986 million for the first time, according to data compiled by IndexUniverse.com.The stock market was about unchanged from Monday, as renewed concern about Ireland’s indebtedness erased early gains related to a deal in Washington that extended Bush-era tax cuts for two years. The Dow Jones industrial average declined 3.03 points, closing at 11,359.16.SPY’s outflows were offset by a number of equity creations, including $581.8 million that went into the small-cap Russell 2000 ETF (NYSEArca:IWM - News). Also, $170.6 million went into the SPDR Dow Jones Industrial Average ETF Trust (NYSEArca:DIA - News).Overall, net inflows across all asset classes totaled $513.9 million.One noteworthy redemption was the $113.6 million investors pulled out of the iShares Barclays 10-20 Year Treasury Bond Index Fund (NYSEArca:TLH - News). That was one reflection in the ETF world of how bond yields have been rising since the Federal Reserve launched its quantitative easing plan several weeks ago.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IWM | iShares Russell 2000 | 581.78 | 16,645.71 | 4% |
| RSP | Rydex S&P Equal Weight | 322.41 | 2,660.28 | 14% |
| XLY | Consumer Discretionary Select Sector SPDR | 187.19 | 2,755.55 | 7% |
| MDY | SPDR S&P MidCap 400 | 185.69 | 11,262.21 | 2% |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | 170.58 | 8,141.39 | 2% |
| IWN | iShares Russell 2000 Value | 138.74 | 4,737.83 | 3% |
| XRT | SPDR S&P Retail | 136.34 | 1,004.64 | 16% |
| XLP | Consumer Staples Select Sector SPDR | 88.11 | 3,244.71 | 3% |
| IWO | iShares Russell 2000 Growth | 77.21 | 4,032.33 | 2% |
| EWJ | iShares MSCI Japan | 63.26 | 4,194.20 | 2% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 | -1,608.97 | 83,909.98 | -2% |
| XLE | Energy Select Sector SPDR | -115.07 | 8,595.43 | -1% |
| TLH | iShares Barclays 10-20 Year Treasury Bond | -113.63 | 261.36 | -30% |
| XLI | Industrial Select Sector SPDR | -107.52 | 3,581.61 | -3% |
| XLV | Health Care Select Sector SPDR | -92.67 | 2,777.36 | -3% |
| USO | United States Oil | -87.54 | 1,826.86 | -5% |
| XLF | Financial Select Sector SPDR | -69.69 | 6,425.63 | -1% |
| EZU | iShares MSCI EMU | -60.10 | 784.83 | -7% |
| VXX | iPath S&P 500 VIX Short-Term Futures ETN | -59.76 | 1,216.24 | -5% |
| IYR | iShares Dow Jones U.S. Real Estate | -55.51 | 3,036.58 | -2% |
ETF Daily Flows By Asset Class
|
| Net Flows ($, mm) | AUM ($, mm) | % of AUM |
| U.S. Equity | 440.61 | 426,912.43 | 0.10% |
| International Equity | 222.91 | 275,769.02 | 0.08% |
| U.S. Fixed Income | -100.22 | 134,897.89 | -0.07% |
| International Fixed Income | - | 6,560.80 | 0.00% |
| Commodities | -109.59 | 100,656.74 | -0.11% |
| Currency | 66.27 | 4,826.98 | 1.37% |
| Leveraged | 34.90 | 12,875.81 | 0.27% |
| Inverse | -19.07 | 19,730.58 | -0.10% |
| Asset Allocation | - | 488.29 | 0.00% |
| Alternatives | -21.91 | 3,677.72 | -0.60% |
| Total: | 513.90 | 986,396.27 | 0.05% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume | 1-Day Volume | % of Average |
| TLH | iShares Barclays 10-20 Year Treasury Bond | 55,196 | 868,506 | 1573% |
| NFO | Guggenheim Insider Sentiment ETF | 61,743 | 600,007 | 972% |
| PSK | SPDR Wells Fargo Preferred Stock | 26,692 | 209,858 | 786% |
| IGM | iShares S&P North American Technology Sector | 51,616 | 386,731 | 749% |
| IWW | iShares Russell 3000 Value | 33,016 | 233,096 | 706% |
| GXC | SPDR S&P China | 127,541 | 729,452 | 572% |
| IJT | iShares S&P SmallCap 600 Growth | 170,435 | 974,287 | 572% |
| PWJ | PowerShares Dynamic Mid Cap Growth Portfolio | 36,161 | 175,514 | 485% |
| VIS | Vanguard Industrials | 48,782 | 220,635 | 452% |
| RYJ | Guggenheim Raymond James SB-1 Equity ETF | 12,506 | 53,949 | 431% |
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and >1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
|
|
|
|
|
|
| VNM | Market Vectors Vietnam | 4.15% | 725,554 | 210.48 |
| TDH | TDX Independence 2020 | 2.48% | 4,815 | 41.24 |
| STPP | iPath U.S. Treasury Steepener ETN | 2.42% | 12,000 | 6.80 |
| CU | First Trust ISE Global Copper | 2.12% | 84,988 | 67.82 |
| LD | iPath Dow Jones-UBS Lead Subindex Total Return ETN | 2.03% | 3,024 | 5.91 |
| COPX | Global X Copper Miners | 1.95% | 295,794 | 52.42 |
| EIRL | iShares MSCI Ireland Capped Investable Market | 1.95% | 4,075 | 3.03 |
| PEK | Market Vectors China | 1.68% | 10,007 | 20.21 |
| PTRP | PowerShares Global Progressive Transportation Portfolio | 1.56% | 1,440 | 6.07 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and >1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| CVOL | C-Tracks Exchange-Traded Notes on the Citi Volatility Index | -5.40% | 2,500 | 16.40 |
| SIVR | ETFS Physical Silver | -5.11% | 1,141,269 | 461.69 |
| SLV | iShares Silver | -4.85% | 69,216,688 | 10,727.13 |
| UBD | Claymore U.S. Capital Markets Bond | -4.75% | 1,599 | 10.57 |
| DTYL | iPath U.S. Treasury 10-Year Bull ETN | -4.50% | 50,900 | 4.56 |
| DBS | PowerShares DB Silver | -4.48% | 182,890 | 189.25 |
| PALL | ETFS Physical Palladium | -3.73% | 469,888 | 834.16 |
| ZROZ | PIMCO 25+ Year Zero Coupon U.S. Treasury | -3.58% | 32,338 | 35.58 |
| GDXJ | Market Vectors Junior Gold Miners | -3.55% | 4,292,186 | 2,235.34 |
| GWO | ELEMENTS Credit Suisse Global Warming ETN | -3.45% | 9,000 | 3.34 |
Disclaimer:All data as of 6 a.m. Eastern following the day noted in the headline. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.’
Daily Show: The Big Bank Theory The Daily Show with Jon Stewart | Jon Stewart points out two conflicting interviews with Bernanke.
Crude jumps above $90 Reuters | U.S. crude oil futures prices rose sharply on Tuesday, pushing above $90 a barrel for the first time in 26 months.
Gold ends at record on Europe’s woes, dollar fears MarketWatch | Gold futures settled at a record Monday.
Poll: Americans Believe China Has Surpassed USA in Economic Strength In the global race for jobs and economic prosperity, the United States is No. 2. And it is likely to remain there for some time. That’s the glum conclusion of most Americans surveyed in the latest Allstate/National Journal Heartland Monitor poll.
US Treasuries hit by biggest sell-off in two years US Treasuries suffered their biggest two-day sell-off since the collapse of Lehman Brothers, following a torrid month that has seen borrowing costs for western governments soar.
Volatility Chasing Goes Gold: Precious Metals Drop On Year End Profit-Taking Rumor Both gold and silver are having a rough day to say the least. After a forced slide in the gold complex pushed the metal to sub $1,380, fueled in part by recurring rumors of a large macro/commodity fund taking profits ahead of the year end, numerous stops were triggered.
Fed Up: Ron Paul on America’s Rotten Banks RT talks to Congressman Ron Paul about everything from emergency bailouts, to North Korea, via Sarah Palin.
Bernanke: 60 Minutes, 2 Big Lies This past Sunday on the CBS program “60 Minutes”, Americans received a massive dose of mendacity from our Fed Chairman. Mr. Bernanke’s shaky delivery, and even shakier logic may cause faith in America’s economic leadership to evaporate faster than the value of our dollar.
National / World
The Death of Free Will Charlotte Thomson Iserbyt | This is the ultimate war for our children’s minds and souls.
This Backlash Against WikiLeaks Is Bogus And Outrageous — What Happened To Freedom Of The Press? Unless what is being discussed in those meetings is something that can’t withstand public scrutiny (secret cash payoffs, bribes, assassination plots, etc.), our diplomats should have no fear of being “exposed.”
Assange Prosecution: A Brazen Effort to Kill Alternative Media Kurt Nimmo | In order to convert the United States into a third world slave gulag with a high-tech police state overlay, the ruling elite will target and attempt to liquidate alternative media.
Wikileaks: Corrupted Oracle or a Cointelpro Asset of the Establishment? Patrick Henningsen | You can judge a tree by its fruit. In the case of Wikileaks, its low-hanging fruit.
Don’t shoot messenger for revealing uncomfortable truths The Australian | Julian Assange speaks out about motives behind WIKILEAKS document dump.
Critics Of Big Sis/Wal-Mart Spy Campaign Branded Insane Paul Joseph Watson | “Ridiculous” to oppose government encouraging citizens to report on each other for “suspicious activity,” claims founder of stasi-style slogan.
Hackers Strike Back to Support WikiLeaks….Patriot Act for Internet Ahead? As a result of WikiLeaks, the Obama Administration may introduce a new bill that would allow government officials the ability to spy on Americans through the internet. Meanwhile, an army of hackers rally behind WikiLeaks by shutting down MasterCard and PayPal because they stopped all payments to WikiLeaks. Investigative journalist Wayne Madsen says we could see massive government surveillance of our personal computers, phones and surveillance of our internet activities.
Assange Prosecution: A Brazen Effort to Kill Alternative Media Now that Wikileaks founder Julian Assange is in custody, we can expect the U.S. government to request his extradition and prosecute the Australian for espionage. “Any such proceedings would set up a test of whether the First Amendment’s protection for a free press extends to a website with a worldwide audience,” notes McClatchy today.
Alex Jones: Assange and the Plan to Censor the Internet Woman claiming rape connected to CIA anti-Castro terrorist guilty of killing 73 people in 1976.
Wikileaks Spokesman: Only Way To Stop Whistleblowers Is To Shut Down The Web A spokesman for Wikileaks has told the media that the website continues to function as normal without it’s founder Julian Assange, and that the only way it could be stopped is for the entire internet to be shut down.
John Lott: More Guns, Less Crime In a talk given on the very day a gunman was apprehended at the University of Austin, American senior research scientist at the University of Maryland and gun rights expert John Lott explains why guns bans only serve to increase gun crime rates, why the pilots should be armed, and how statistics prove that since the DC handgun ban was lifted, there has been a dramatic drop in the murder rate.
Obama Administration Quietly Grants More Health Care Waivers The Obama Administration has quietly granted even more waivers to one provision of the new federal health reform law, doubling the number in just the last three weeks to a new total of 222.
Police: Ex-con acted alone in publicist slaying (AP) [ I don’t buy it! ]
WikiLeaks founder Julian Assange arrested in Britain [ I wish I could say I didn’t see this coming; but, truth be told, though nonplused by the choice, I held out hope that there was method to his traveling to Orwellian Britain, hardly a first choice where people therein walk around with thumbs up their a***s; you know, where their brains are. After all, what can you expect from ‘good Germans’ (That lock-step, goose-step, following orders thing. I’m sure you know the so-called ‘royal family’ of Britain are Germans, not Anglos. The neo-nazis are zionist israel, america and u.s. allies. ). Lap-dogs to the pervasively corrupt, defacto bankrupt war criminal nation u.s., one can hardly expect anything resembling rationality or meaningful rules of law but rather short-term expedience, however unlawful, self-destructive, and destructive. Murder threats to family of Julian Assange WIKILEAKS founder Julian Assange says militant supporters of the US military have made death threats against his family in Australia. Alex Jones: Assange and the Plan to Censor the Internet Infowars.com | Woman claiming rape connected to CIA anti-Castro terrorist guilty of killing 73 people in 1976. (Drudgereport: 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' ) Julian Assange refused bail over rape allegations WikiLeaks founder Julian Assange was today refused bail and remanded in custody until 14 December over claims he committed sex offences in Sweden. Assange Set Up By CIA Operative? Wikileaks founder Julian Assange’s arrest over the dubious rape and molestation claims of two Swedish women is likely a political stunt, after it was revealed that one of the women has connections to the CIA and is a militant feminist who published a guide on how to get revenge on men and make them “suffer”. ] WikiLeaks founder Julian Assange has been arrested by British police on a European warrant issued by Sweden over allegations of sex crimes including rape, London’s Metropolitan Police said on Tuesday.
24 Signs That All Of America Is Becoming Just Like Detroit – A Rotting, Post-Industrial, Post-Apocalyptic Wasteland [ This is more true than most care to believe or admit. In the scheme of things, america will be viewed as but a brief, destructive, self-immolating flame in the flashpan of history. ] For years, people have been laughing at the horrific economic decline of Detroit. Well, guess what? The same thing that happened to Detroit is now happening to dozens of other communities across the United States.
Drudgereport: 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
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