Return of The No-Volume Melt-Up: Making Millions From Mowing Lawns

INSIDER TRANSACTIONS - They’re selling … here’s why: Return of the No-
Volume Melt-Up ‘Well, the markets have managed to regain some

semblance of their previous lunacy, going virtually parabolic on next to no
volume. Indeed, if you ignored the “year” data, you’d think you were
looking at 2009’s market all over again what with the gaps up, late day
CLEAR ramp jobs, and overnight manipulations: [chart] We’ve also seen
the return of another 2009 hallmark: the no volume melt-up. Indeed, volume
has been in a decline since early May. However, the volume last week was
particularly pathetic as stocks entered Looney Tune-ville again. [chart] …
With that in mind, this rally, unless it turns into something more, should be
seen as a gift from the market gods to shift to cash and prepare to
establish another round of shorts. On that note, back in March I urged
subscribers to shift largely to cash. Since that time we’ve been riding the
market down via a series of carefully played shorts, collecting gains of 7%,
9%, 10%, 14%, 16%, even 19% at a time when the market has lost 12%.
Indeed, all told, we’ve had 27 winning trades in the last two months. Over
the same time period, we’ve only had eight losers. The largest was -9%.
The others were in the low single digits (-2%, -3%, -5%, etc). As I write this,
we’re preparing our next round of shorts for when the market rolls over. So
far the market collapse has established a very clear pattern of lower lows.
And my target for the next low will be sub-1000 on the S&P 500 [chart]
During its last plunge, the S&P 500 fell to 1,020. It actually touched 1,004 on
the overnight futures session. So it’s an almost certainty that when this
rally ends and the next leg down begins, we’re going below 1,000.
Momentum Book Update: Trend Indicators Still Pointing Negative
Making millions from mowing lawns [Sounds like a plan … riiiiight!]

(Washington Post) Value Added | Entrepreneur's reinvestment and
diversification … By Thomas Heath For the less entrepreneurial at heart
there’s always … flippin’ burgers … Washington, D.C.: the nation's (burger)
capital? (Washington Post) | ‘The Washington area has emerged as fertile
ground for ground chuck …’
Survey: A satisfied federal workforce (Washington Post) Indeed they

should be since they’re totally expendable and a waste of taxpayer money.
Employment Picture Is Getting Bleaker ‘In "Not Very Bright," I noted that
equity investors are pretty clueless when it comes to assessing and
comprehending the bigger picture. Given that, maybe they took the news
detailed in the following Calculated Risk post, "Small Businesses Still
Reluctant to Hire," as a sign that small businesses are interested in
acquiring stocks, not employees? Otherwise, it's hard to see any other
reason for Friday's rally than manipulation or pure, unadulterated stupidity.
From Sharon Bernstein at the LA Times: Jobs outlook for small businesses
may be getting bleaker Intuit Inc., which provides payroll services for small
employers, says the nation's tiniest companies had fewer new hires last
month than any time since October... To calculate its estimate of national
hiring, Intuit uses payroll information from its 56,000 small-business
customers. The company defines small businesses as those with fewer
than 20 employees. Intuit's data show that small businesses hired just
18,000 additional workers last month. That's still positive territory, but it's
less than a third of the 60,000 that were added in February, when it seemed
that an employment recovery was imminent. Additional hiring dropped
steadily during the spring, to 40,000 in April and 32,000 in May. Another
payroll company, Automatic Data Processing Inc., painted an even
gloomier picture, saying that small businesses lost 1,000 jobs nationwide
in June. According to surveys by the National Federation of Independent
Business (NFIB), the problem isn't lack of financing or government
regulation - the problem is a "shortage of customers". NFIB chief
economist Bill Dunkelberg recently said: “What small businesses need are
customers, giving them a reason to hire and make capital expenditures and
borrow to support those activities.” Of course, regardless of how ignorant
the bulls are about the world around them, it seems pretty clear that the
concerns of small businesses aren't only relevant to that segment of the
economy. If the following chart is any guide, I don't expect we'll be seeing a
recovery in the overall employment market anytime soon: [chart] .’
The Collapse Is Upon Us crabbydogtrix | From coast to coast, the

economic and social collapse is upon us. Central banks start to
abandon the U.S. dollar There are those who would argue that the financial
crisis was caused by over-enthusiastic worship of the Almighty Dollar. Call
it brutal financial karma, but that church is looking pretty empty these
days. Presenting The Wall Of Worry: The 50 Ugliest Facts About The US
eCONomy After reading these it almost makes sense that the market has
become completely desensitized to the sad reality now pervasive in this
country. The Financial Con Of The Decade Explained So Simply Even A
Congressman Will Get It Sometimes, when chasing the bouncing ball of
fraud and corruption on a daily basis, it is easy to lose sight of the forest
for the millions of trees (all of which have a 150% LTV fourth-lien on them,
underwritten by Goldman Sachs, which is short the shrubbery tranche).
Is the IMF about Ready to Muscle U.S. Taxpayers? The IMF has long been
a bought, and paid for, muscle arm of the U.S. government and the banking
elite. Economic Hitmen Come for Their ‘Pound of Flesh’ in New Jersey
Activist Post | More cash-strapped states will surely follow suit and the
fascist takeover of all public services at rock-bottom prices will commence.
The Collapse Is Upon Us crabbydogtrix | From coast to coast, the
economic and social collapse is upon us. Is the IMF about Ready to
Muscle U.S. Taxpayers? Robert Wenzel | It appears the elite appear to want
to up the ante and are getting set to turn the guns inward and go after the
hard earned money of Americans.
Dollar Devaluation and Destruction of America Pick Up Steam Kurt Nimmo |

Both the United Nations and the IMF urge dumping the dollar as the
world’s reserve currency. A Brutal Case of Backwards Justice in
America John Galt | We should not be surprised that this is how our
criminal government works in our upside-down society. Obama’s
Summer of Misery and Hardship Tour Hits the Road Kurt Nimmo |
Obama’s road show will not hide the 800 pound gorilla in the room —
a massive, unprecedented economic depression of the likes never
witnessed before. Crusade Against Mel Gibson Stamped, Sealed
and Delivered by the New World Order Jurriaan Maessen | The
mainstream media is abuzz with voices denouncing Mel Gibson.
Stirrings of a New Push for Military Option on Iran Jim Lobe | Barring
an unexpected breakthrough on the diplomatic front, that campaign,
like the one eight years ago, is likely to move into high gear this
autumn. Ten Ways We Are Being Tracked, Traced, and Databased
Activist Post | The surveillance state wants to know where we are going
through psychological profiling. Toxicologists Say Corexit
Invades Cells and Allows Oil to Penetrate Cells and Organ Systems
Washington’s Blog | Even industry scientists working for Exxon and the
manufacturer of Corexit itself admit that the stuff is toxic.
Mattis: 'It's fun to shoot people' Washington Post - Ed O'Keefe - Jul 9, 2010
By Ed O'Keefe President Obama's pick to lead military operations in
Afghanistan, Iraq, Pakistan and the Middle East is an experienced
ground combat commander, but also earned a stern rebuke in 2005 for
controversial comments about combat operations. Gen. James
Mattis is named head of US Central Command Los Angeles Times
Blunt General Appointed to Lead Forces in Mideast New York Times
DRUDGEREPORT: 6 troops killed in Afghanistan...

DEM GOVS WARN: OBAMA SUIT VS. AZ IS 'TOXIC'
Debt panel has gloomy outlook...
Crisis Awaits World’s Banks as Trillions Come Due...
They say ‘stocks oversold’. Preposterous! Stocks have been overbought

based on bad news or nothing at all, rallying on ‘not as bad as expected’.
Even if that were true (I don’t believe anything they say), who cares what
the criminally insane frauds on wall street say what they expect. It’s
fundamentals, economic and financial, that ultimately count,; but , in the
meantime, they’re like termites eating away at the nations foundation with
lightning fast computerized trade programs, all of which excessively huge
commission churn / earn revenues are a net negative for the economy in
real economic terms which is evidenced by unprecedented economic
decline in all productive sectors of the economy. This is a great
opportunity to SELL / TAKE PROFITS since this suckers rally to suck
suckers in and keep them sucked in is based on fraud and b*** s*** alone
and: ‘This is a global depression. This is a secular bear market in a global
depression. The past up move was a manipulated bull (s***) cycle in a
secular bear market. This has been a typically manipulated bubble as has
preceded the prior crashes with great regularity that the wall street frauds
and insiders commission and sell into. This is a typical wall street churn
and earn pass the hot potato scam / fraud as in prior crashes.’
Technical Indicators Trigger Major Sell Signal ‘…In summary, the bearish
picture is confirmed by technical indicators, a fundamental outlook,
sentiment gauges, and valuations.Based on what the market considered
fair market valuations at prior historic market bottoms, one can conclude
how far stocks have to drop to reach the previously attained level of fair
valuations …’
Simon Maierhofer, On Friday July 9, 2010, 4:32 pm EDT It rarely ever

happens, but when it does, it's serious. It has only happened nine times in
10 years. We are referring to crossovers between the 200-day and 50-day
simple moving averages (SMAs).Very few technical indicators receive as
much attention and media coverage as the 50 and 200-day SMAs. The 200-
day MA is perceived to be the dividing line between a stock that is
technically healthy and one that is not. It's a Big Deal It's a big deal when a
stock or an index drops below the 200-day SMA. It's an even bigger deal
when the 50-day SMA of any given stock or index drops below the 200-day
SMA. Such a crossover reflects internal weakness - at least in theory. We'll
discuss in a moment how the actual numbers match up with theoretic
assumptions. On June 22, 2010, the S&P 500 (SNP: ^GSPC) and Dow Jones
(DJI: ^DJI) dropped below the 200-day SMA. One day later the Nasdaq
(Nasdaq: ^IXIC) followed. On July 2, 2010, the 50-day SMA for the S&P
(NYSEArca: SPY - News) dropped below the 200-day SMA. On July 6, the
Dow Jones (NYSEArca: DIA - News) followed. As of today, the Nasdaq
(Nasdaq: QQQQ - News) is barely hanging on. This sounds like a
doomsday scenario. Does a rigid analysis show that there is validity to 200-
day and 50-day SMA crossover buy/sell signals? Let's
investigate.Crossovers - Lagging but Notable Many argue that the SMA
crossover is a delayed signal that emphasizes past weakness more than it
foreshadows future declines. To an extent, that is true. There are other
warning signals that point to a market turn long before the SMA does. For
example, on April 16, 2010, the ETF Profit Strategy Newsletter noted an
extremely low put/call ratio along with other bullish sentiment extremes.
The newsletter stated that 'the message conveyed by the composite
bullishness is unmistakably bearish. Once prices start to fall and investors
get afraid of incurring losses, the only option is to sell (due to the low
put/call ratio). Selling, results in more selling. This negative feedback loop
usually results in rapidly falling prices.' Prices did fall rapidly. The 22
trading days following the April 26 high, erased eight months worth of
gains. It took a 17% drop for the SMA crossover to trigger a sell signal.
When the ETF Profit Strategy Newsletter issued a strong buy signal on
March 2, 2009, it emphasized that the developing rally would be a counter
trend rally followed by a steep decline and maintained this viewpoint even
though prices kept rallying relentlessly into the April highs. The SMA
crossover now expresses the possibility that even lower prices are ahead.
200 and 50-day SMA Crossovers - How Accurate? How about the SMA
crossover track record? Over the past 10 years, there have been nine S&P
SMA crossovers with five sell and four buy signals. We have yet to see the
results of the most recent sell signal. However, of the eight previous
signals, six were correct. Average gains following each signal were 14.91%.
$10,000 invested according to the buy/sell recommendations given right
after the first sell signal was triggered on October 30, 2000 at S&P 1,399,
would be worth $24,769 today. More Than just Crossovers If it sounds too
good to be true, it often is. As is the case with so many technical
indicators, crossovers need to be viewed in context with other indicators.
In other words, take a step back and evaluate how crossovers fit into the
larger picture. The larger picture (going back to 2007) reveals that trading
volume associated with market declines has been generally high, while
trading volume seen during rallies has been generally low; a bearish sign.
Does Wednesday's 3.13% Rally Invalidate the Sell Signal? On Wednesday,
the S&P rallied 32 points or 3.13%. The Dow rallied 2.82%, while the Nasdaq
rallied 3.13%. Does this mean the bull market is back on track?Since the
April market top, we've seen about a handful of 2-3% bounces. All
associated gains were erased within a matter of days. Chances are this
time will be the same. In fact, some sort of bounce was to be expected. On
July 5, the ETF Profit Strategy Newsletter stated 'considering that the S&P
is butting against the 100-week SMA, lower accelerations band, 38.2%
Fibonacci retracement levels, round number resistance at 1,000, and
weekly s1 at 994, there is a good chance we will see some sort of a bounce
develop from the 990 - 1,015 area. Weekly r1 at 1,066 and pivot at 1,063
should serve as resistance.' This bounce is in its later stages right now.
What's Next? Let's revisit the larger picture. Out of the nine leading
industry sectors, seven have seen their 50-day SMA cross below the 200-
day SMA - financials (NYSEArca: XLF - News), technology (NYSEArca: XLK
- News), consumer staples (NYSEArca: XLP - News), materials (NYSEArca:
XLB - News), utilities (NYSEArca: XLU - News), energy (NYSEArca: XLE -
News) and healthcare (NYSEArca: XLV - News). The consumer
discretionary (NYSEArca: XLY - News) and industrial sector (NYSEArca:
XLI - News) are the only holdouts. All nine sectors, however, trade below
their 200-day SMA. Fundamentals, sentiment readings and valuations also
point south. Some of the fundamentals we have discussed in these pages
are crafty accounting practices designed to hide huge losses racked up by
big financial institutions not yet realized along with a continually bad
unemployment picture. Sentiment surrounding the April highs recorded
extremes not seen since the 2000, 2007, and even 1987 market top. There
are multiple sentiment measures (such as the VIX, cash allocation, put/call
ratio, percentage of bullish/bearish advisors, mutual fund cash levels, etc.).
Each sentiment measure is one piece of the puzzle. The more pieces of the
puzzle you have, the clearer the picture becomes. Leading up to the April
highs, nearly all sentiment indicators peaked, painting a complete bearish
picture. In summary, the bearish picture is confirmed by technical
indicators, a fundamental outlook, sentiment gauges, and valuations.
Based on what the market considered fair market valuations at prior
historic market bottoms, one can conclude how far stocks have to drop to
reach the previously attained level of fair valuations. The ETF Profit
Strategy Newsletter includes a detailed analysis of four valuation metrics
with a track record of accuracy, along with the implied target range for an
ultimate market bottom. This is provided in addition to its short, mid and
long-term forecast. When the market speaks, it behooves investors to
listen. Fighting the tape has often proven to be foolish, as the market will
always have the final word.’
A Market Forecast That Says ‘Take Cover’ New York Times | We have
entered a market decline of staggering proportions — perhaps the biggest
of the last 300 years.
Commercial Real Estate Loans Extend and Pretend ‘…Courtesy of

Thomson / Reuters Commercial Real Estate Loans – Extend and Pretend
Community banks have commercial real estate loans where the borrower
cannot make scheduled interest and principle payments. More than 50% of
all FDIC-insured institutions have loan pipelines that are 80% to 100%
funded. This is a measure of how banks are stuck with noncurrent assets,
but they are not classified that way. Instead, community banks are giving
borrowers more time to make their payments on the theory that it’s better
to collect zero on some loans rather than owning the real estate that
collateralizes those loans. This concept is dubbed “extend and pretend”
hoping that the borrower will eventual pay the loan back. Banks in this
practice are known as “Zombie Banks” as they can’t lend, can’t lure in new
investors, and wait for the FDIC to knock on their doors on Friday
afternoon. This strategy includes stretching out loan maturities and
allowing below-market interest rates to slow the number of defaults and
preserving the capital of banks that would be expended if property had to
become “Other Real Estate Owned.” As a result “Loans 30 to 89 Days in
Arrears” and “Noncurrent” loans are not growing as fast as they should be.
The net result of these practices masks the true toxicity of the Commercial
Real Estate market. It’s not just the small banks that are employing “extend
and pretend” tactics. I read that the Bank of America (BAC) has extended a
large real estate loan in Buckhead, Georgia the high-class area north of
Atlanta. The loan finances the development of a high-end shopping and
residential project in 2007 and now three years later the cranes are silent
and the project is fenced in. The banking regulators are helping the banks
by allowing the lenders several ways to restructure loans. While doing so
the banks are allowed to keep these loans as “performing” even with
collateral values below the loan amounts. Extend and pretend is also
known as kicking the can down the road. It seems to me that we have
wasted billions if not trillions in stimulus money and bank bailouts when
this money could have been used to actually fund the completion of these
projects. Such a plan would have cost tax payers much less and would
have kept Americans working on Main Street USA, as finishing incompleted
real estate projects are clearly “shovel ready” projects. According to
Foresight Analytics banks hold $176 billion of CRE loans that could be
declared toxic. This is the tip of the iceberg as the FDIC Quarterly Banking
Profile shows $1.09 trillion in nonfarm nonresidential real estate loans and
$418 billion in Construction & Development loans on the books of our
nation’s banks. About two-thirds of the CRE loans are maturing between
now and 2014, and are underwater. Commercial real estate property values
are down 42% from the October 2007 peak. At the end of the first quarter
9.1% are delinquent up from 7% a year earlier. Bankers justify “extend and
pretend” saying that it’s better than calling the loan and dumping more
property on a depressed market. We need a stronger economy to entice
new investors to resurrect projects and to find new demand for competed
offices, hotels, condos etc which are the finished products of completed
CRE projects. Without a strong economic recovery these loans will
eventually have to be written off down the road. The problem is that while
these loans are on hold banks can’t justify new loans, which would be the
engine of economic growth. And the beat goes on. Disclosure: No
positions’
MF calls for deficit cuts in US The Associated Press - WASHINGTON - The

International Monetary Fund is calling for the United States to make a
stronger effort to curb its budget deficits. US should cut deficit to
spur recovery, IMF says Washington Post
Change and no change for UK recovery - Stephanie Flanders / The

Monetary Policy Committee (MPC) hasn't changed its view of the UK
economy today - but the IMF has. In the past three months the Fund's
economists think our growth prospects have got notably worse … The
Fund doesn't spell out why it is now more gloomy about the UK, but I
am assured that last months' Budget is the reason …
CNBC Guest Says Absent Plunge Protection Team Stepping In, Market
Would Fall; Wien, Kernan Disgusted A highly amusing exchange
occurred earlier on CNBC when guest Damon Vickers of Nine Points
Capital had an unexpected moment of truthiness and turned some
heads when he said that “unless the plunge protection team comes in
over the next couple of days, the markets are looking very dicey
here.” Witness The Recent Gold Market Takedowns
Whistleblowers, interesting IMF rules, an official war against gold,
signs of weakening, a hole 8 million jobs deep, cuts and changes in
european economy, solar energy getting money, possible northern
Euro, a desire for corruption removed Glass-Steagall. EMU break-
up risks global deflation shock that would dwarf Lehman collapse,
warns ING A full-fledged disintegration of the eurozone would trigger
the worst economic crisis in modern history, devastate every country
in Europe including Germany, and inflict a deflationary shock on the
US. There would be no winners, warns the Dutch bank ING in a new
report “Quantifying the Unthinkable”.
Recession 2010? [How ‘bout depression … Now!] If you watch any

mainstream news program these days, it is almost a certainty that
someone will mention the word “recession” before a half hour passes.
The biggest market crash since the 1720? The Week | Market forecaster
Robert Prechter says we’re on the verge of the biggest market crash
since the 1720 collapse of Britain’s South Sea Bubble. CNBC Guest
Says Absent Plunge Protection Team Stepping In, Market Would Fall
Zero Hedge | The market is sure having a field day with stocks as once
again. IMF presses US to cut debt AFP | Amid jitters that high
levels of unemployment may force a double dip recession, the IMF
warned the slow recovery would continue.
My Short-Term Market Forecast Graham Summers ‘… So while the

possibility of a 1987 event is there, I think we’re likely to continue to see
this kind of “down the stairs” collapse instead. Of course, it never pays to
be married to one forecast. For that reason, having some open shorts to
profit from a potential 1987 Collapse isn’t a bad idea. However, if you’re
looking to maximize the profits from the type of drops we’re seeing, you
need to get in and get out using temporary bottoms to lock in the gains and
temporary rallies to enter new positions.’’
Should You Bear Market Proof Your Portfolio? Simon Maierhofer, July 7,
2010: The area was known to be an idyllic sanctuary. Snowcapped
mountains, crystal clear lakes, warm summers, a gentle autumn ... you get
the picture. For nearly 180 years, Mount St. Helens remained silent,
towering over the beautiful scenery below. However, there were early
warning signs pointing towards a potentially catastrophic eruption of the
volcano. Most viewed them as nothing more than hot air (no pun intended).
Doug, a farmer who lived close to the foot of the mountain refused to
evacuate. 'My mountain wouldn't do that to me' he said. Less than 24 hours
later, Doug and his farm were buried beneath 70 feet of mud and volcanic
debris.
What's the moral of this story?

1) Even subtle signs can foreshadow a significant event
2) Just because an event doesn't occur regularly doesn't mean it can't
happen.
What does the 1980 eruption of Mount St. Helens have to do with the stock
market? More than you'd think.
Subtle Signs - Significant Results

Do you remember how stocks (NYSEArca: VTI - News) slowly but steadily
inched towards their April 26 highs? For nearly two months (from 2-26-10
to 4-15-10) the S&P (SNP: ^GSPC) moved up without more than a 0.5%
down day. The picture for the Dow (DJI: ^DJI) and Nasdaq (Nasdaq:
^IXIC) looked similar. Beneath the surface of rising prices, however, trouble
was brewing. On Wednesday, April 14, the CBOE Equity Put/Call Ratio
dropped to 0.32, the lowest reading in nearly two years and was 45% below
its six-month average. On April 16, the ETF Profit Strategy
Newsletter picked up the subtle put/call ratio warning signal and published
this cautionary note: 'Only a minority of equity positions are equipped with
a put safety net. Once prices do fall and investors do get afraid of incurring
losses, the only option is to sell. Selling, results in more selling. This
negative feedback loop usually results in rapidly falling prices.' The 22
trading days following the April 26 market highs erased eight months worth
of gains. Bear markets move much quicker than bull markets.
Rule #1: Better too Early than too Late

When preparing for a bear market (we'll discuss in a moment why we have
been preparing for a bear market), it is prudent to start early. Anyone who
sold their long positions as early as September last year would be in a
better position than the buy-and hold crowd that is still clinging to their
holdings.
Rule #2: Don't Trust Wall Street and the Media

By now, even the mainstream media is sensing that something might not
be quite right with the market's performance. However, there is still hope
that the second half of the year will get a lift from positive earning results.
Before you bet your money on that line of reasoning, consider the picture
the media painted days within the April 2010 market top.
April 19, 2010
'America is back - The remarkable tale of an economic turnaround' –
Newsweek
'Recovery tilting to V-shape as profits prompts growth revision' –
Bloomberg
April 25, 2010:
'U.S. stocks cheapest since 1990 on analyst estimates' – Bloomberg
'Technical Analysts see room to roll' - Wall Street Journal
April 27, 2010
'Greece contagion fears unfounded' – Reuters
May 3, 2010:
'Manufacturing in U.S. grows at fastest pace since 2004 as recovery gains
traction' – Bloomberg
Over the past two and a half months, the S&P (NYSEArca: SPY - News) and
Dow (NYSEArca: DIA - News) have lost as much as 17%. A 20% loss is
considered the mark of a new bear market. In essence, we are only one bad
day away from the next bear. Of course, throughout the massive bear
market rally from the March 2009 lows, which the ETF Profit Strategy
Newsletter predicted via the March 2, 2009 Trend Change Alert, the
newsletter maintained that it was only a bear market trap which would fool
a majority of investors. On April 16 it stated that 'Most bulls have no clue
why they are bullish except for the fact that they feel the need to play the
momentum game. Sounds like 2000 and 2007 all over again. The message
conveyed by the composite bullishness is unmistakably bearish.'
Rule #3: Don't Underestimate Cash

In a period of falling prices, cash or cash equivalents like short term
Treasuries (NYSEArca: SHY - News) maintain your purchasing power -
long-term Treasuries (NYSEArca: TLT - News) are interest rate sensitive
and may move faster than you think. When stocks fall and you are able to
maintain your purchasing power, you are able to buy stocks at a discount.
In essence, cash offers a positive return in periods of falling prices.
Additionally, or alternatively, investors may choose to buy short or
leveraged short ETFs such as the Short S&P 500 ProShares (NYSEArca: SH
- News), Short Dow30 ProShares (NYSEArca: DOG - News) UltraShort S&P
500 ProShares (NYSEArca: SDS - News), UltraShort Financial ProShares
(NYSEArca: SKF - News), Direxion Daily Financial Bear 3x Shares
(NYSEArca: FAZ - News) and many more.
Rule #4: Don't Procrastinate

On May 14, the ETF Profit Strategy Newsletter predicted that the S&P
(NYSEArca: IVV - News) will fall through the important 1,040 resistance
level. Aside from a small cluster of resistances (one being round number
resistance), a break below 1,040 opened the door wide for significantly
lower prices. We mentioned above that we've been preparing for a
reemerging bear market even before the April highs. Why? Simply put,
stocks are overvalued. How can that be? One of the above headlines read
that U.S. stocks are cheapest since 1990, at least according to analyst
projections. The key word is projections. Analysts project operating
earnings for the S&P to clock in at $94.83 in 2011. This is higher than the
2007 peak of $91.47. That's right, despite record high unemployment, a
European (NYSEArca: FEZ - News) debt crisis, a 17% U.S. market
correction, and all the other problems economists expect corporate profits
will exceed their 2007 all-time highs. Does that sound reasonable to you?
Keep in mind that projected earnings are just that - projected. They can and
will change. In fact, analysts have a reputation of following the trend. In
April 2008, analysts predicted earnings of $113. After cutting its forecast to
$53, Goldman Sachs cut its earnings forecast to $40 in March 2009. As we
know today, stocks rallied, and actual 2009 earnings came in at $56.87. The
list goes on, but the simple message is that analysts tend to be overly
optimistic before the fall and overly pessimistic before a rally. Right now
they are overly optimistic. The conclusion is easy.
Rule #5: Know who to Trust

EVEN WHEN BASING THE CURRENT P/E RATIO ON OVERLY OPTIMISTIC
ESTIMATES, IT IS STILL FAR AWAY FROM THE P/E RATIOS SEEN AT
HISTORIC MARKET BOTTOMS. THE SAME HOLDS TRUE FOR DIVIDEND
YIELDS. A LOOK AT VARIOUS VALUATION MEASURES SHOWS THAT THE
MARKET IS OVERVALUED BY MUCH MORE THAN JUST 10 OR 20%. The
ETF Profit Strategy Newsletter provides a detailed analysis of four
valuation metrics with a near spotless track record of historic accuracy.
The Newsletter also includes a target range for the ultimate market bottom
and the one chart that highlights the short-term bearish potential. Will you
head the warnings signs, or like farmer Doug trust that the market won't fall
on you?
A Market Forecast That Says ‘Take Cover’ New York Times | We have
entered a market decline of staggering proportions — perhaps the
biggest of the last 300 years
NY National Guard Involved In Mass Arrests Of U.S. Citizens It has

emerged that the New York National Guard is assisting in the arrests
of thousands of American citizens as part of the “drug war,” while at
the same time the U.S. government itself orders troops in Afghanistan
to guard the poppy fields as heroin floods American streets, in yet
another shining example of how the United States is under a state of
de facto martial law. Obama Science Czar Called For Global
Carbon Tax Immediately prior to his nomination as White House
Science Czar, John P. Holdren called for a global carbon tax in order
to “redistribute” wealth to the Southern Hemisphere. Hillary
Clinton’s Latest Lies Why would Iran be a threat to Poland? What
happens to US credibility when the Secretary of State makes such a
stupid statement? Does Hillary think she is fooling the Russians?
Does anyone on earth believe her? What is the point of such a
transparent lie? To cover up an act of American aggression against
Russia?
Ahmadinejad brands US world’s dictator ahead of summit
David Icke onTV: Humanity’s Last Chance Infowars.com | Alex talks with
writer, public speaker, and former well-known BBC television sports
presenter David Icke. As the United States Collapses, Media
Worships LeBron James Infowars gives the inside scoop on
basketball MVP LeBron James’ pivotal trade decision. America Is
In A Societal Meltdown Chuck Baldwin | America is in the midst of a
complete and total spiritual, societal, cultural, moral, and political
meltdown. Obama Selects General Who Likes Killing Muslims to
Centcom Kurt Nimmo | Gen. Mattis has the same habit of speaking his
mind as McCrystal.
DRUDGEREPORT: USA marks 3rd-largest, single-day debt increase...

Deficit hits $1 trillion in June for second year...
IMF presses US to cut debt...
NSA INTERNET GRAB; SPY AGENCY SHIFTS TO DOMESTIC
EAVESDROPPING...
CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER
CASE...
RESET: Russia slams Clinton for 'groundless'

comments...
It's always the economy, stupid (Washington Post, July 11, 2010)
That it is! I totally agree! It’s always the economy, and always will be the
economy, stupids.
Finance reform bill still a tossup Washington Post - As vote nears, Senate
Democrats don't yet have votes to overcome a threatened GOP
filibuster. This is really quite amazing and drives home the believably
rational single-digit approval rate for congress. If this is the best they
can do, and those opposing are not holding out for more stringent
provisions, but rather more lax rules, said obstructors should be
‘pilloried’ so all can see. I personally believe the best policy for
deterrence is vigorous and sure prosecution, fines, jail, and
disgorgement to really make a difference prospectively: Cases
against Wall Street lag despite Holder’s vows to target financial fraud
Washington Post | Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?

v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext
_from=PL&index=0&playnext=1 – well worth a look.
SEC seeking to increase investor knowledge Washington Post – Certainly

any policy that enhances investor knowledge, increases transparency,
and facilitates shareholder derivative actions for the plethora of
breaches of fiduciary duty owed to the companies they serve (instead
of vice versa) is positive. More importantly, the disconnect between
compensation and performance in u.s. companies is so glaring and
egregious relative to their foreign competitors makes this a
somewhat roundabout approach to these innumerable problems, not
the least of which includes the fraudulent, churn-and-earn scenarios
on wall street. However, letting them get away with their fraudulent
gains at many others’ expense is but an invitation to these criminally
insane frauds to do what comes natural to them; viz., fraud. The best
policy is vigorous prosecution, fines, jail, and disgorgement to really
make a difference prospectively: Cases against Wall Street lag
despite Holder’s vows to target financial fraud Washington Post |
Obama has promised to hold Wall Street accountable for the
meltdown. )
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.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
You may post a comment on my blog on any topic:

http://alpeiablog.blogspot.com
More than 50% of all FDIC-insured institutions have loan pipelines that are
80% to 100% funded. This is a measure of how banks are stuck with
noncurrent assets, but they are not classified that way. Instead, community
banks are giving borrowers more time to make their payments on the
theory that it’s better to collect zero on some loans rather than owning the
real estate that collateralizes those loans. This concept is dubbed “extend
and pretend” hoping that the borrower will eventual pay the loan back.
Banks in this practice are known as “Zombie Banks” as they can’t lend,
can’t lure in new investors, and wait for the FDIC to knock on their doors
on Friday afternoon. This strategy includes stretching out loan maturities
and allowing below-market interest rates to slow the number of defaults
and preserving the capital of banks that would be expended if property had
to become “Other Real Estate Owned.” As a result “Loans 30 to 89 Days in
Arrears” and “Noncurrent” loans are not growing as fast as they should be.
The net result of these practices masks the true toxicity of the Commercial
Real Estate market. It’s not just the small banks that are employing “extend
and pretend” tactics. I read that the Bank of America (BAC) has extended a
large real estate loan in Buckhead, Georgia the high-class area north of
Atlanta. The loan finances the development of a high-end shopping and
residential project in 2007 and now three years later the cranes are silent
and the project is fenced in. The banking regulators are helping the banks
by allowing the lenders several ways to restructure loans. While doing so
the banks are allowed to keep these loans as “performing” even with
collateral values below the loan amounts. Extend and pretend is also
known as kicking the can down the road. It seems to me that we have
wasted billions if not trillions in stimulus money and bank bailouts when
this money could have been used to actually fund the completion of these
projects. Such a plan would have cost tax payers much less and would
have kept Americans working on Main Street USA, as finishing incompleted
real estate projects are clearly “shovel ready” projects. According to
Foresight Analytics banks hold $176 billion of CRE loans that could be
declared toxic. This is the tip of the iceberg as the FDIC Quarterly Banking
Profile shows $1.09 trillion in nonfarm nonresidential real estate loans and
$418 billion in Construction & Development loans on the books of our
nation’s banks. About two-thirds of the CRE loans are maturing between
now and 2014, and are underwater. Commercial real estate property values
are down 42% from the October 2007 peak. At the end of the first quarter
9.1% are delinquent up from 7% a year earlier. Bankers justify “extend and
pretend” saying that it’s better than calling the loan and dumping more
property on a depressed market. We need a stronger economy to entice
new investors to resurrect projects and to find new demand for competed
offices, hotels, condos etc which are the finished products of completed
CRE projects. Without a strong economic recovery these loans will
eventually have to be written off down the road. The problem is that while
these loans are on hold banks can’t justify new loans, which would be the
engine of economic growth. And the beat goes on. Disclosure: No positions’
The following youtube video is well worth the look and explains how and why the frauds
on wall street have gotten away with their devastating fraud thus far ( UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO
PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal
testimony, an ex-Justice official who quit over the handling of a voter intimidation
case against the New Black Panther Party accused his former employer of
instructing attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite
Holder’s vows to target financial fraud Washington Post | Obama has promised to
hold Wall Street accountable for the meltdown. ):
‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?

v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext
_from=PL&index=0&playnext=1 – well worth a look.
While boner and barton are indeed jokes / vegetables that bespeak the
single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of
the nation and a watered down nothing financial regulation bill for talking
points but little substance, make him as big a joker. This well researched /
produced video tells the real story : http://www.youtube.com/watch?
v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_fro
m=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the
view.
Light Volume Temptations: Dave's Daily ‘Volume still matters, doesn't it? It
seems not as the financial media ignores our light volume market in favor
of writing bullish headlines. With hedge funds mostly sidelined according
to reports posted here yesterday, the primary buyers must be trading
desks on Wall Street and a handful of algo traders. It's tempting to come off
the sidelines and join the fun but perhaps it's just the trap they're laying for
you. A headline at Reuters read this afternoon: "Weaker Economic Views
Equals Stronger 3-Year Note Sale". So, if equity markets are forward-
looking one must wonder what these few buyers are seeing beyond a
short-term trade. Headline writers say its strong earnings growth that will
prop markets coupled with rosy outlooks. That would have to be the case
otherwise this is just a sucker's rally. As stated, volume was holiday-like
light (40% below average) making it really easy for the machines to take
over trading, and so they did ... ‘
Gold Rises Most in Three Weeks as Slump May Spur Jump in Demand
Gold rose the most in three weeks on speculation that the lowest
prices since May will revive demand for the precious metal. Senile
greenspun Says Economy May Be Undergoing a `Pause’ [The best
thing that could happen in terms of a rosy outlook for the economy is
for ‘no recession helicopter ben’ fed bernanke and Former federal
reserve Chairman, The Senile alan greenspan to say we’re heading for
a downturn (which is reality) since they’re always wrong; both in what
they do and what they say.] Former federal reserve Chairman, The
Senile alan greenspan said the U.S. economy may be undergoing what
he called a “pause,” and that he can’t rule out the possibility of a so-
called double-dip recession. Ambrose Evans-Pritchard: Legal
Wrangling Could Bring Eurozone Disintegration Within Hours The
plot continues to thicken at Germany’s constitutional court, a body
with power of life or death over Europe’s monetary union. The
Russian Bear Awakens Today most Americans consider the United
States to be “the sole remaining superpower” – absolutely
unparalleled economically and militarily.


Academics, Politicians: Pending Global Treaty Threatens Free Internet,
Fundamental Rights Steve Watson | ACTA: Flagship of the growing
internet censorship armada. Two Stories that Should Scare the
Heck Out of You Greg Hunter | I was sitting here trying to find a way
to wrap up the week and then, like a bolt of lightning, an idea hit
me.Gold expert Jim Sinclair sent me this story: “Federal Budget Deficit
Hits $1 Trillion For 1st 9 Months Of FY’10.” The story said, “The shortfall,
reflecting $2.6 trillion in outlays for the first three quarters and $1.6 trillion in
receipts, narrowed slightly compared with the same point in fiscal 2009.” So
where did the “shortfall” come from? Try the more that 8 million who
lost their jobs. The story went on to say, “. . . individual income and
payroll tax receipts were down 4% over the nine-month period, suggesting
that wages and salaries have not improved to the extent that corporate
profits have.” Corporate profits have “improved” because they laid-off all
those workers!! (Click here for the entire Dow Jones Newswires story)
Sinclair says, “Nothing has changed. Nothing has been rescued. The can
that is being kicked daily down the path is going to turn around and bite the
kickers. Gold is the only insurance.” When things get bad enough, there
will be more stimulus cash put into the economy and more bank
bailouts. Sinclair is like legendary football quarterback Joe Montana–
never bet against either of them. Academics, Politicians: Pending
Global Treaty Threatens Free Internet, Fundamental Rights Over 90
academics, practitioners and public interest organizations from six
continents have collectively warned that a secretive global treaty,
currently being negotiated by governments of the world’s largest
economies would see tight controls placed on the internet and would
threaten other fundamental rights and freedoms.
Economists, Financial Experts: U.S. Is Trapped In 1932 Size Depression

Following Nobel Laureate Paul Krugman’s declaration last week that
the U.S. is in entering a third period of great depression, more and
more economists are following suit, comparing the scale of the crisis
to that of the early 1930s.
Ahmadinejad brands US world’s dictator ahead of summit
David Icke onTV: Humanity’s Last Chance Infowars.com | Alex talks with
writer, public speaker, and former well-known BBC television sports
presenter David Icke. As the United States Collapses, Media
Worships LeBron James Infowars gives the inside scoop on
basketball MVP LeBron James’ pivotal trade decision. America Is
In A Societal Meltdown Chuck Baldwin | America is in the midst of a
complete and total spiritual, societal, cultural, moral, and political
meltdown. Obama Selects General Who Likes Killing Muslims to
Centcom Kurt Nimmo | Gen. Mattis has the same habit of speaking his
mind as McCrystal.
The Lights Are Going Out For Free Speech On The Internet Type the
keywords “Internet censorship” into Google News and you will
immediately understand to what degree the world wide web is under
assault from attempts by governments globally to regulate and stifle
free speech. From Australia to Belarus, from Turkey to Vietnam, from
Pakistan to Egypt, from Afghanistan to Iran, huge chunks of the
Internet are going dark as the Chinese model of Internet regulation is
adopted worldwide. [Has everybody lost their minds? Referring to the
china model as something to be emulated. It’s true they are more
productive than america, generally, but their business model is almost
prehistoric and the direct consequence of the great american sell-out
for money (the ‘pass through’ or direct) by those who’ve pledged
otherwise (walmart, congress, clinton, bush, wobama, etc.). Even
some of their simplest products are junk (but priced incredibly low to
make the relative value) and seem to have adopted that GM strategy of
planned obsolescence, breakdown, etc., to spur sales. Then there’s
the communist faux capitalism paradox, suppression, oppression,
etc., which has even the defacto bankrupt, pervasively corrupt, fallen
america blindly following. Quite simply, their ancient business model
is slave labor. As for Iran, they are a relatively small nation under
collective siege.]
US taxpayers’ Afghan aid money buys rich Afghans’ Dubai villas You
already might have heard that it costs the United States $1 million for
each solider per year in Afghanistan, to cover the cost of the soldiers’
benefits, troop transports and other materiel. Billions of dollars
secreted out of Kabul Spiegel Online | Billions of dollars are being
secreted out of Kabul to help well-connected Afghans buy luxury
villas in Dubai and then there are the american recipients who are a bit
more careful with their stash.
DRUDGEREPORT: PAPER: Optimism on hold; Recovery economy falters...

USA marks 3rd-largest, single-day debt increase...
Deficit hits $1 trillion in June for second year...
IMF presses US to cut debt...
NSA INTERNET GRAB; SPY AGENCY SHIFTS TO DOMESTIC
EAVESDROPPING...
CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER
CASE...
RESET: Russia slams Clinton for 'groundless' comments...
Mortgage Delinquencies Rising Again as Home Prices Stay Flat...
Roubini: Banks Too Big to Fail, Too Big to Bail Out...
COOKED APPLE: 103...
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...
US v. AZ...
The New Civil Wars Within the West Gregory R. Copley | Internecine civil
wars are underway almost everywhere within the West, and most
virulently in the United States of America. On Why America’s 234th
Birthday May Not Have Many More To Follow Zero Hedge | It is my
firm belief that we have come to the “end of the road” for the financial
system.

Iran says planes denied fuel in Germany, UK, UAE Reuters | The claim
could not be independently confirmed and was met abroad by
skepticism. [Europe really fell fast. They make Christians look like the
dumbest people in the world, along with the likes of ie., UAE if true
(and defacto bankrupt america). After all, this ‘all for israel’ mantra is
contraindicated inasmuch as the hebrews deny the very foundation of
the Christian religion and indeed were behind his crucifixion].
DRUDGEREPORT: Evans-Pritchard: It's Really Starting to Feel Like 1932

[Depression] ...
Dow Repeats Great Depression Pattern...
Investors fear risk of regional defaults...
Obama: 'The great jobs killer'...
Turkey, a leader of nations, wants war criminal israel apology, israel
rejects demand ...
Threat 'to sever ties'...
Dollar Plunges After UN Call To Ditch Greenback U.S. economy enters

“total freefall” as double-dip recession looms.
China's Stocks Fall to 15-Month Low on Economy, Profit Outlook China's

housing prices to fall, official says
Banks are Still at the Derivatives Casino (at Seeking Alpha) [video]
Washington's Bungled Bank Bailout (at TheStreet.com) ECRI Weekly
Leading Index Growth Lowest in 13 Months Be on the Right Side of
S&P Earnings Estimate Cuts
Inventory Cycle Has Run Its Course Harrison – ‘… This is the scenario I
have been predicting for months now.
• Double Dip Recession and the Obama 2011 Budget (February 2010):
The long and short is that – come Summer – the inventory cycle’s
thrust will have dissipated. And if companies are not hiring by this
time and consumer spending is not increasing more robustly, then
the state budgets, the strategic defaults and all of the rest of that
becomes a serious obstacle. In my view, more likely than not, this
will lead to another recession late in 2010 or in 2011. And nothing in
the President’s budget changes this outlook.
• The mindset will not change; a depressionary relapse may be
coming (March 2010): the inventory cycle’s impact on GDP growth
will attenuate. By the second half of 2010, inventories will not add
considerably to GDP.
• US GDP growth rate is unsustainable; recovery will fade (April 2010):
The inventory cycle is already starting to fade. That means weak 1 or
2% growth at best by Q4 2010. Unless job growth picks up
tremendously by the second half of the year, this recovery is in
trouble.
David Rosenberg says the ISM leads jobs. And, the latest jobs numbers
were weak.
I would be nonplused about the recent ISM data if it weren’t for the column
highlighted in red. Notice how the momentum for everything is slowing.
Not just the overall index, but new orders, production and employment …’
U.S. Economy “Is a Complete Disaster” Yahoo! Finance | The U.S.

economy is in shambles and Americans will continue to see high
unemployment and lower living standards in the years to come.
America is sinking under Obama’s towering debt I hope the White
House is paying attention to the latest annual Congressional Budget
Office Long-Term Budget Outlook, which offers a truly frightening
picture of the scale of America’s national debt, with huge implications
for the country’s future prosperity. 7.9 million jobs lost, many
forever CNNMoney | The recession killed off 7.9 million jobs. It’s
increasingly likely that many will never come back.
50 Random Facts That Make You Wonder What In The World Has Happened
To America The Economic Collapse | For those who still love this land
(and there are a lot of us) it is heartbreaking to watch America slowly
die. BP, Homeland Security, and Cops Work Together to Deny First
Amendment Kurt Nimmo | BP, Homeland Security, the FBI’s Joint
Terrorism Task Force, and local cops will now decide if it is
acceptable for journalists to take photographs. Will G20 Police
Succeed In Covering Up Reports of Rape and Torture? Infowars.com |
Can authorities be allowed to cover-up the Abu-Ghraib style
incarceration methods Toronto police engaged in during the G20
summit this past weekend, where women were arrested and
subsequently raped by male cops? Emergency S.O.S.: America
Falling to Foreign Bank Takeover – Fourth of July Alex Jones breaks
down the takeover by offshore banking powers– newly empowered by
Congress’ banking “reform,” expanded taxes worldwide, as well as
accelerated moves towards ending the Dollar’s reserve status,
including urging from a recent United Nations report. More than
one-quarter don’t know who US gained independence from Every
Fourth of July, Americans gather to celebrate the country’s
declaration of independence from … um, what country was that
again?
DRUDGEREPORT: TORN ON FOURTH OF JULY: OBAMA DIVIDES NATION...
Great Republic in parlous state -- politically, economically...
YEAR 9: Petraeus in Afghanistan warns of tough mission...
'We are in this to win' … Win what? The fact of america’s defacto
bankruptcy and being there IS failure no matter what they ultimately call
this debacle ...
Illinois Stops Paying Its Bills...
Facing 'outright disaster' amid budget crisis...
Turn On, Tune In...Nah, Just Drop Out … Discouraged workers at a new
cycle high And small wonder. The median unemployment duration went to
a new all-time high (since the 1940s, anyway, when that series begins) and
shows no signs of slowing its ascent … (Chart, source Bloomberg)…
YEAR 9: Petraeus in Afghanistan warns of tough mission … What mission?

What plan?.What strategy? National bankruptcy?… Mission
accomplished! ...
NY Times’ Krugman: We Are Entering The Third Depression Recessions

are common; depressions are rare. [Correction: we’re already in a
depression].
JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS LOST...

Rate dips as 652,000 give up search...
Depressing... [That’s why they’re called depressions (just kidding … but no laughing
matter) … At this rate, with all those lost jobs and jobseekers no longer seeking those lost
jobs that aren’t there, by their calculations (9.5% the bright spot … riiiiight!) we should be
at full employment very soon … you can’t make this stuff up … really!].
Ron Paul: 114 Flip Flop on Audit The Fed Causing Bill to Fail 229 – 198 Ron
Paul’s attempt to audit the Federal Reserve, which was previously co-
sponsored by 320 members of the House (HR 1207), failed by a vote of 229-
198. All Republicans voted in favor of the measure with 23 Democrats
crossing the aisle to vote with Republicans. 122 co-sponsors of HR 1207,
all Democrats, jumped ship and voted against the measure. The Future
of Audit the Fed Congressman Ron Paul discusses the latest in the efforts
to get a full and complete audit of the Fed as well as the future of Fed
transparency. Like Congressman Paul says, we’ve accomplished a lot of
good with our movement, and there’s many reasons to be optimistic for the
future. Ditch the Buck! Dollar demise ‘a matter of months’ A report by
the United Nations says the American dollar should be ditched as the main
global reserve currency. It said that the global financial meltdown has
exposed systematic weaknesses, one of which is the reliance on the
greenback. G-20 is Relying on China To Drive the World Economy … But
China Isn’t Looking So Hot The G-20 is apparently relying on China to
drive the world economy.
Middle class families face a triple whammy Edmund Conway | Falling
pensions, cuts and the banking crisis will impoverish many families.
GOP chairman: Afghan 'war of Obama's choosing' (AP) - Republican

chairman Michael Steele drew criticism from within his own party
Friday, including calls to resign, after saying the 9-year-old
commitment of U.S. troops to Afghanistan was a mistaken ... [Steele is
quite right and wobama and war facilitators deserve criticism; not
Steele.] Pelosi: Unemployment Checks Fastest Way to Create Jobs
“It creates jobs faster than almost any other initiative you can name.”
[pelosi’s so ‘in over her head’, burnt out, borderline senile, etc.]
Seventy million expired flu vaccines about to be incinerated as waste
[government / corporate welfare / fraud] Forty million doses of H1N1
swine flu vaccine are about to go up in flames, and another 30 million
will soon meet the same fate. They’ve expired, you see, and despite
the CDC’s best efforts to push flu vaccines on the american people,
the industry still couldn’t find a way to offload seventy million doses
of a vaccine that doesn’t even work.
Israel Suspected in Bogus Claim Iran Developing Nuclear Trigger Kurt

Nimmo | The bogus claim prompted a new round of support for more
aggressive U.S. and European sanctions against Iran. Ron Paul:
Audit The Fed Bill Fails After Former Co-Sponsors Flip-Flop | Ron
Paul’s attempt to audit the Federal Reserve failed, after more than 100
former co-sponsors of the bill jumped ship and voted against the
measure. Dollar Plunges After UN Call To Ditch Greenback | U.S.
economy enters “total freefall”.
50 Random Facts That Make You Wonder What In The World Has Happened To America -
The Economic Collapse July 2, 2010 Our world is changing at a pace that is so
staggering these days that it can be really hard to fully grasp the significance of what we
are witnessing. Hopefully the collection of random facts below will help you to “connect the
dots” just a little bit. On one level, the facts below may not seem related. However, what
they all do have in common is that they show just how much the United States has
fundamentally changed. Do you ever just sit back and wonder what in the world has
happened to America? The truth is that the America that so many of us once loved so
much has been shattered into a thousand pieces. The “land of the free and the home of
the brave” has been transformed into a socialized Big Brother nanny state that is oozing
with corruption and has accumulated the biggest mountain of debt in the history of the
world. The greatest economic machine that the world has ever seen is falling apart before
our very eyes, and even when our politicians actually try to do something right (which is
quite rare) the end result is still a bunch of garbage. For those who still love this land (and
there are a lot of us) it is heartbreaking to watch America slowly die.
The following are 50 random facts that show just how dramatically america has changed….
#50) A new report released by the United Nations is publicly calling for the establishment of a
world currency and none of the major news networks are even covering it.
#49) Arnold Schwarzenegger has ordered California State Controller John Chiang to reduce state
worker pay for July to the federal minimum allowed by law — $7.25 an hour for most state
workers.
#48) A police officer in Oklahoma recently tasered an 86-year-old disabled grandma in her bed
and stepped on her oxygen hose until she couldn’t breathe because they considered her to be a
“threat”.
#47) In early 2009, U.S. net national savings as a percentage of GDP went negative for the first
time since 1952, and it has continued its downward trend since then.
#46) Corexit 9500 is so incredibly toxic that the UK’s Marine Management Organization has
completely banned it, so if there was a major oil spill in the North Sea, BP would not be able to
use it. And yet BP has dumped over a million gallons of dispersants such as Corexit 9500 into
the Gulf of Mexico.
#45) For the first time in U.S. history, more than 40 million Americans are on food stamps, and
the U.S. Department of Agriculture projects that number will go up to 43 million Americans in
2011.
#44) It has come out that one employee used a Federal Emergency Management Agency credit
card to buy $4,318 in “Happy Birthday” gift cards. Two other FEMA officials charged the cost of
360 golf umbrellas ($9,000) to the taxpayers.
#43) Researchers at the State University of New York at Buffalo received $389,000 from the U.S.
government to pay 100 residents of Buffalo $45 each to record how much malt liquor they drink
and how much pot they smoke each day.
#42) The average duration of unemployment in the United States has risen to an all-time high.
#41) The bottom 40 percent of all income earners in the United States now collectively own less
than 1 percent of the nation’s wealth.
#40) In the U.S., the average federal worker now earns about twice as much as the average
worker in the private sector.
#39) Back in 1950 each retiree’s Social Security benefit was paid for by 16 workers. Today, each
retiree’s Social Security benefit is paid for by approximately 3.3 workers. By 2025 it is projected
that there will be approximately two workers for each retiree.
#38) According to a U.S. Treasury Department report to Congress, the U.S. national debt will top
$13.6 trillion this year and climb to an estimated $19.6 trillion by 2015.
#37) The federal government actually has the gall to ask for online donations that will supposedly
go towards paying off the national debt.
#36) The Cactus Bug Project at the University Of Florida was allocated $325,394 in economic
stimulus funds to study the mating decisions of cactus bugs.
#35) A dinner cruise company in Chicago got nearly $1 million in economic stimulus funds to
combat terrorism.
#34) It is being reported that a 6-year-old girl from Ohio is on the “no fly” list maintained by U.S.
Homeland Security.
#33) During the first quarter of 2010, the total number of loans that are at least three months past
due in the United States increased for the 16th consecutive quarter.
#32) According to a new report, Americans spend twice as much as residents of other developed
countries on healthcare, but get lower quality and far less efficiency.
#31) Some experts are warning that the cost of bailing out Fannie Mae and Freddie Mac
could reach as high as $1 trillion.
#30) The FDA has announced that the offspring of cloned animals could be in our food supply
right now and that there is nothing that they can do about it.
#29) In May, sales of new homes in the United States dropped to the lowest level ever recorded.
#28) In 1950, the ratio of the average executive’s paycheck to the average worker’s paycheck
was about 30 to 1. Since the year 2000, that ratio has ranged between 300 to 500 to one.
#27) Federal border officials recently said that Mexican drug cartels have not only set up shop on
American soil, they are actually maintaining lookout bases in strategic locations in the hills of
southern Arizona.
#26) The U.S. government has declared some parts of Arizona off limits to U.S. citizens
because of the threat of violence from Mexican drug smugglers.
#25) According to the credit card repayment calculator, if you owe $6000 on a credit card with a
20 percent interest rate and only pay the minimum payment each time, it will take you 54 years to
pay off that credit card. During those 54 years you will pay $26,168 in interest rate charges in
addition to the $6000 in principal that you are required to pay back.
#24) According to prepared testimony by Goldman Sachs Chief Operating Officer Gary Cohn,
Goldman Sachs shorted roughly $615 million of the collateralized debt obligations and residential
mortgage-backed securities the firm underwrote since late 2006.
#23) The six biggest banks in the United States now possess assets equivalent to 60 percent of
America’s gross national product.
#22) Four of the biggest U.S. banks (Goldman Sachs, JPMorgan Chase, Bank of America and
Citigroup) had a “perfect quarter” with zero days of trading losses during the first quarter of 2010.
#21) 1.41 million Americans filed for personal bankruptcy in 2009 – a 32 percent increase over
2008.
#20) BP has hired private security contractors to keep the American people away from oil cleanup
sites and nobody seems to care.
#19) Barack Obama is calling for a “civilian expeditionary force” to be sent to Afghanistan and
Iraq to help overburdened military troops build infrastructure.
#18) On June 18th, two Christians decided that they would peacefully pass out copies of the
gospel of John on a public sidewalk outside a public Arab festival in Dearborn, Michigan and
within 3 minutes 8 policemen surrounded them and placed them under arrest.
#17) It is being reported that sales of foreclosed homes in Florida made up nearly 40 percent of
all home purchases in the first part of this year.
#16) During a recent interview with Larry King, former first lady Laura Bush revealed to the world
that she is actually in favor of legalized gay marriage and a woman’s “right” to abortion.
#15) Scientists at Columbia University are warning that the dose of radiation from the new full
body security scanners going into airports all over the United States could be up to 20 times
higher than originally estimated.
#14) 43 percent of Americans have less than $10,000 saved for retirement.
#13) The FDIC’s deposit insurance fund now has negative 20.7 billion dollars in it, which
represents a slight improvement from the end of 2009.
#12) The judge that BP is pushing for to hear an estimated 200 lawsuits on the Gulf of Mexico oil
disaster gets tens of thousands of dollars a year in oil royalties and is paid travel expenses to
industry conferences.
#11) In recent years the U.S. government has spent $2.6 million tax dollars to study the drinking
habits of Chinese prostitutes and $400,000 tax dollars to pay researchers to cruise six bars in
Buenos Aires, Argentina to find out why gay men engage in risky sexual behavior when drunk.
#10) U.S. officials say that more than three billion dollars in cash (much of it aid money paid for
by U.S. taxpayers) has been stolen by corrupt officials in Afghanistan and flown out of Kabul
International Airport in recent years.
#9) According to a report by the U.S. Department of Transportation’s Bureau of Transportation
Statistics, the baggage check fees collected by U.S. airlines shot up 33% in the first quarter of
2010 to $769 million.
#8) Three California high school students are fighting for their right to show their American
patriotism - even on a Mexican holiday - after they were forced to remove their American flag T-
shirts on Cinco de Mayo.
#7) Right now, interest on the U.S. national debt and spending on entitlement programs like
Social Security and Medicare are somewhere in the neighborhood of 10 to 15 percent of GDP.
By 2080, they are projected to eat up approximately 50 percent of GDP.
#6) The total of all government, corporate and consumer debt in the United States is
now about 360 percent of GDP.
#5) A 6-year-old girl was recently handcuffed and sent to a mental facility after throwing temper
tantrums at her elementary school.
#4) In Florida, students have been arrested by police for things as simple as bringing a plastic
butter knife to school, throwing an eraser, and drawing a picture of a gun.
#3) School officials in one town in Massachusetts are refusing to allow students to recite the
Pledge of Allegiance.
#2) According to one new study, approximately 21 percent of children in the United States are
living below the poverty line in 2010.
#1) Since 1973, more than 50 million babies have been murdered in abortion facilities across the
United States.
Fed Made Taxpayers Unwitting Junk-Bond Buyers Bloomberg | So-called assets included
collateralized debt obligations and mortgage-backed bonds. Dollar Plunges After
UN Call To Ditch Greenback The dollar plunged today following a United Nations
report which called for the greenback to be replaced as the global reserve currency
by the International Monetary Fund’s special drawing rights (SDRs). National
debt soars to highest level since WWII The federal debt will represent 62% of the
nation’s economy by the end of this year. Dollar should be replaced as
international standard, U.N. report says CNN | The dollar is an unreliable
international currency and should be replaced by a more stable system, the United
Nations Department of Economic and Social Affairs said. Double Dip Picking Up:
Jobless Claims Spike To 472,000, On Expectations Of 455,000 Jobless claims were
a disaster, coming in at 472k, on expectations of 455k. Prior was revised, surprise,
surprise, higher to 459k from 457k. What is scariest is that between extended
benefits and EUC, now that Congress has turned off the perpetual insurance spigot
for the unemployed, dropped by -158,155 and -217,513.‘Jobless Recovery’ Myth as
Banksters RAPE and ENSLAVE the Public! GET OFF YOUR KNEES! We’re told that
this will be a ‘jobless recovery’ with further job losses expected before things get
better. Well, if you believe that nonsense I’ve got a fantastic sundrenched beach on
the growing ice packs of Antarctica to sell you. How on earth can there be anything
called a jobless recovery? The simple answer is that there can’t! Study: US media
redefined torture after US started practicing it The US news media radically
changed how it reported on the issue of waterboarding after it emerged that US
forces had used the practice, says a new study from Harvard University. The
Toronto G20 Riot Fraud: Undercover Police engaged in Purposeful Provocation
Toronto is right now in the midst of a massive government / media propaganda
fraud. As events unfold, it is becoming increasingly clear that the ‘Black Bloc’ are
undercover police operatives engaged in purposeful provocations to eclipse and
invalidate legitimate G20 citizen protest by starting a riot. Government agents have
been caught doing this before in Canada.
Obama Calls for Pentagon “Civilian Component” [Wow! Sounds like a plan
… riiiiight!] Kurt Nimmo | Obama wants to send civilians to the
occupation zones in Iraq and Afghanistan.
Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS LOST...

Depressing... [That’s why they’re called depressions (just kidding … but no laughing
matter) … At this rate, with all those lost jobs and jobseekers no longer seeking those lost
jobs that aren’t there, by their calculations (9.5% the bright spot … riiiiight!) we should be
at full employment very soon … you can’t make this stuff up … really!].
New jobless claims rise [again]...
'Surprise'...
Pending home sales plunge record 30%...
Weak economic data suggest 'recovery' fizzling...
Fears mount over slowing global demand...
UN committee calls for dumping US dollar...
YEAR 9: Petraeus in Afghanistan warns of tough mission … What mission?
What plan?.What strategy? National bankruptcy?… Mission
accomplished! ...
Six Months to Go Until the Largest Tax Hikes in History...
SIX MONTHS TO GO UNTIL

THE LARGEST TAX HIKES IN HISTORY
From Ryan Ellis on Thursday, July 1, 2010 4:15 PM
Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sVN5aBH3
In just six months, the largest tax hikes in the history of America will take effect. They will hit
families and small businesses in three great waves on January 1, 2011:
First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business
owners, and families. These will all expire on January 1, 2011:
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent
(this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will
rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and
personal exemptions will again phase out, which has the same mathematical effect as higher
marginal tax rates. The full list of marginal rate hikes is below:
- The 10% bracket rises to an expanded 15%

- The 25% bracket rises to 28%
- The 35% bracket rises to 39.6%
Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for
married couples) will return from the first dollar of income. The child tax credit will be cut in half
from $1000 to $500 per child. The standard deduction will no longer be doubled for married
couples relative to the single level. The dependent care and adoption tax credits will be cut.
The return of the Death Tax. This year, there is no death tax. For those dying on or after
January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person
leaving behind two homes and a retirement account could easily pass along a death tax bill to
their loved ones.
Higher tax rates on savers and investors. The capital gains tax will rise from 15 percent this
year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in
2011. These rates will rise another 3.8 percent in 2013.
Second Wave: Obamacare
There are over twenty new or higher taxes in Obamacare. Several will first go into effect on
January 1, 2011. They include:
The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use
health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA)
pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).
The “Special Needs Kids Tax” This provision of Obamacare imposes a cap on flexible
spending accounts (FSAs) of $2500 (Currently, there is no federal government limit). There is
one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of
special needs children. There are thousands of families with special needs children in the United
States, and many of them use FSAs to pay for special needs education. Tuition rates at one
leading school that teaches special needs children in Washington, D.C. (National Child Research
Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for
this type of special needs education.
The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on
non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative
to IRAs and other tax-advantaged accounts, which remain at 10 percent.
Third Wave: The Alternative Minimum Tax and Employer Tax Hikes
When Americans prepare to file their tax returns in January of 2011, they’ll be in for a nasty
surprise—the AMT won’t be held harmless, and many tax relief provisions will have expired. The
major items include:
The AMT will ensnare over 28 million families, up from 4 million last year. According to the
left-leaning Tax Policy Center, Congress’ failure to index the AMT will lead to an explosion of
AMT taxpaying families—rising from 4 million last year to 28.5 million. These families will have to
calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in
1969 to ensnare a handful of taxpayers.
Small business expensing will be slashed and 50% expensing will disappear. Small
businesses can normally expense (rather than slowly-deduct, or “depreciate”) equipment
purchases up to $250,000. This will be cut all the way down to $25,000. Larger businesses can
expense half of their purchases of equipment. In January of 2011, all of it will have to be
“depreciated.”
Taxes will be raised on all types of businesses. There are literally scores of tax hikes on
business that will take place. The biggest is the loss of the “research and experimentation tax
credit,” but there are many, many others. Combining high marginal tax rates with the loss of this
tax relief will cost jobs.
Tax Benefits for Education and Teaching Reduced. The deduction for tuition and fees will not
be available. Tax credits for education will be limited. Teachers will no longer be able to deduct
classroom expenses. Coverdell Education Savings Accounts will be cut. Employer-provided
educational assistance is curtailed. The student loan interest deduction will be disallowed for
hundreds of thousands of families.
Charitable Contributions from IRAs no longer allowed. Under current law, a retired person
with an IRA can contribute up to $100,000 per year directly to a charity from their IRA. This
contribution also counts toward an annual “required minimum distribution.” This ability will no
longer be there.
Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sVMwYIhK
Investors get more gloomy & bearish We just had a very difficult three month stretch for
stocks. The S&P 500 fell 12% for the quarter as did NASDAQ. The Shanghai Composite,
China’s largest stock index, fell 22.9 in its local currency, the yuan. The MSCI EAFE Index
(foreign stocks) was down 14%. Given the negative news, it is not surprising that investors
are becoming more bearish on stocks. This chart from Bespoke is based on the weekly
Investors Intelligence survey, which is getting close to levels from a year ago. This is not
close the peak we reached in early 2009, but the mood is definitely more negative now:
[chart]
Double Dip on the Way There were many events contributing to yesterday’s sell-off, and
the most likely culprits around the globe included more protests in Greece, continued to
concerns about Europe at large, and a downward revision (due to a calculation error) of a
leading economic indicator reading in China for the month of April. But when it comes
down to it, our own economy has yet to stand on solid ground. While the recovery has
continued to be shaky at best, recent economic readings may be pointing to a double dip
recession. Yesterday’s batch of economic data seemed to be confirming that, as it brought
a very dismal reading on consumer confidence. June’s number stood at 52.9, far below
expectations of 62.5, and pointing to the consumers’ weariness about the job market, and
economic recovery in general. To go further, the previous reading for May was revised
downward, to 62.7 from 63.3. But the drop from May to June really sends the message
home: we’re not out of the woods yet. Earlier in the week, we saw personal savings rates
rise again, even while personal income growth was meager. Americans, despite bringing
home a little more cash, continued to save more for the expected rainy days, and have yet
to return to their spendthrift ways. After yesterday’s precipitous selling, one would expect
to see a bit of a bounce in today’s trading session. That wasn’t the case, however, as more
weak data continued to dampen economic hopes. Today’s culprit was the ADP private
sector job report. The report stated that private payroll gains were muted in June, with
only 13,000 jobs added – far less than the 60,000 expected by economists. While May’s
reading was revised slightly upwards (to 57,000 hires from previously reported 55,000),
today’s release does not bode well for the much anticipated report from the Bureau of
Labor Statistics due out on Friday. The non-farms payroll survey includes government
workers and has been inflated in recent months due to hiring for the 2010 Census …
[chart] …The June report, however, will reflect many of those workers being laid off in the
past month. In May, 431,000 jobs were added, but without support from temporary
government hires, economists are predicting job losses in June. Last week, consensus
estimates were for a loss of 70,000 jobs for the month. By yesterday, those estimates were
downgraded further, to 110,000. With the help of today’s ADP report, expectations have
continued to fall: economists now expect a reading of negative 125,000 …
Barron's: Why the Market Will Keep Sliding Perry D- Barron's has a nice summary of what
the future may hold in its "Up and Down Wall Street." It summarizes as well as anything
I've read recently where we're likely headed. Bugging the (stock) market is the increasingly
obvious disparity between what the Street's incorrigible cheerleaders see and prophesy
and what's actually happening in the real world...The double dip in housing may or may
not be a template of what's in store for the economy as a whole. But at the very least, it is
a precursor of other serious disappointments destined to feed the unease among the
jittery populace, which most emphatically includes investors.
It cites the predictions of SDK Captial's Dee Kessler:
--the massive fiscal and monetary stimulus so liberally applied in 2008-2009

is starting to run out of steam, with financial conditions tightening and
leading economic indicators pointing to a stretch of "anemic activity."
--"structural headwinds," such as public and private deleveraging, higher
taxes, greater regulation and trade tensions.
--the well-publicized woes of the European bloc, which accounts for 20% of
the world's GDP, as further evidence that the global economy, as he puts it,
is downshifting.
--The period of easy comparisons in corporate results, he says, is coming

to a close,
--"Although the fundamentals in the U.S., Europe and Japan are worse,"
Dee spots plenty of downside in emerging markets and doesn't fancy the
notion of decoupling.
--Come another financial crisis, "the only policy response left will be to
print money." Which, of course, is what the gold bugs are counting on and
why bullion has glistened so brightly.
That about sums up the outlook. The nice insight here is that anxiety over future economic
malaise -- and the additional money printing that'll be done to mask it -- might be a bigger
factor than current inflationary pressure behind the surge in gold prices.
In other words, for the deflation-believers: deflation today? Perhaps. But big-time inflation
tomorrow.
Disclosure: No positions
NY Times’ Krugman: We Are Entering The Third Depression Recessions are common;
depressions are rare. [Correction: we’re already in a depression].
Stocks: Once More Up, Then the Big Down Smith -The ingredients for a classic head and
shoulders topping pattern in the stock market are all present. That suggests one more rise
and then a massive grinding move down to 2009 lows. Officially, of course, everything's
peachy with the economy. Europe is fixed, China is booming, consumer confidence is
rising, and we are encouraged to resume our borrow and spend ways as the economy will
not "double-dip" into recession. The economy will not slide into another recession, we are
reassured constantly, even though roughly 80% of Americans don't think we ever left the
recessionary quicksand. Please see "Two Scoop Special": Double-Dip Recession
Guaranteed (May 21, 2010) for more … Exactly what drivers are there for future gains in
corporate profits? I can't think of any, short of Martians landing and going on a shopping
spree with gold they manufacture in their spacecraft. On the negative side, we have:
1. The rising dollar is a huge headwind to sales in the eurozone and elsewhere.
2. The low-hanging fruit of pushing the workforce to produce more output for the same
salary/wages have all been picked.
3. The inventory build-out is done for everything but the iPhone 4 and iPad.
4. So-called "fiscal austerity" (when did living within one's means become some sort of
brutual "austerity"? Talk abour propaganda!) in the eurozone and U.S. states will remove
tens of billions of dollars from corporate sales.
5. Global overcapacity is alive and well. There is overcapacity in everything manufactured
except the iPhone 4, and that will be in glut by 2011 as well.
6. Uncle Sam is not distributing trillions of dollars quite as freely. There seems to be some
glimmer of awareness that there could be consequences of squandering trillions of
borrowed dollars on essentially worthless projects such as occupying Iraq, inflating the
housing market by socializing the entire mortgage market, propping up Fannie Mae,
Freddie Mac and FHA, etc.
7. Housing is rolling over now that the socialized mortgage market has been tentatively
allowed to go off life-support (it is wheezing and turning blue in the face, not signs of
vibrant health).
8. There is no pricing power anywhere once stimulus-goosed demand declines to organic
demand (flat to down) …
Inflation, Deflation or Hyperinflation? (Part 2) (There are charts, but no

matter what the scenario posited, this time the territory’s uncharted,
and the debacle / crisis like no other owing to the advent of
computerization will have enabled an obfuscating tool of
unprecedented proportion [worthless paper, huge frauds as already
extant], and a two-edged sword in the most negative sense
prospectively)
GREECE UNDER NEWS BLACKOUT: Here’s How An Eyewitness Describes

Today’s Riots There are reports this morning of violent protests/riots
in Greece, once again. Here’s how a source on the ground describes
the situation. Target Tehran? Israel, US ‘prepare to attack Iran’
Reports are circulating that the U.S is amassing a greater military
presence in the Middle East. The alleged build up is also rumoured to
involve the Israeli use of Saudi Arabian air space. It’s thought by some
to be in preparation for an attack on Iran. Kucinich: ‘We are losing
our nation to lies about the necessity of war’ In Afghanistan,
corruption is rife. It is so abundant, in fact, that a senior US lawmaker
declared on Monday that she’d be freezing $3.9 billion in Afghan aid
dollars until the situation is addressed. Turkey bans Israeli military
flight from its airspace as freeze deepens Turkey has banned an
Israeli military flight from its airspace in apparent retaliation for
Israel’s interception of the Free Gaza flotilla last month, in which nine
pro-Palestinian Turkish activists were killed.
Iran nuclear scientist Shahram Amiri 'flees US captors' BBC News - A man
who says he is an Iranian nuclear scientist claims to have escaped
after being abducted by US agents. In a video shown on Iranian state
TV, he says he has escaped in the US state of Virginia and is now on
the run. Missing Iran scientist says he escaped US agents: report
Reuters Turkey Asks Iran to Return to Table Wall Street Journal
Momentum Book Update: The Market Is a Mess and the Long Bond Is
About to Break Out … Not only do us swing traders have to fight the urge
to chase price action up, but lay off the keyboard trying to catch falling
knives in the relative strength stocks which are holding up. If you tried to
buy support in your favorite names this week, you got your hands cut up.
I’ll continue to rely on the understanding of my own emotions as they have
served me well. When we opened higher on Monday morning I knew I was
in the right place, cash, as the market was just way overbought. If you
bought most relative strength names last week, by the end of this week you
were well underwater. So where do we go from here? I’ve got no clue, the
market is a mess, the charts are a mess, and the long bond is about to
break out. If that happens all bets are off, we could see an “event”. If the
smart money is lining up at the exits and moving into bonds, there’s a good
chance they see something coming down the pipe …
SUITING UP FOR A POST-DOLLAR WORLD John Browne ‘The global financial crisis is
playing out like a slow-moving, highly predicable stage play. In the current scene, Western
governments are caught between the demands of entitled welfare beneficiaries and the
anxiety of bondholders who fear they will be stuck with the bill. As the crisis reaches an
apex, prime ministers and presidents are forced into a Sophie's choice between social
unrest and bankruptcy. But with the "Club Med" economies set to fall like dominoes, the
US Treasury market is not yet acting the role we would have anticipated. Our argument
has always been that the US benefits from its reserve-currency status, allowing it to
accumulate unsustainable debts for an unusually long period without the immediate
repercussions of inflation or higher borrowing costs. But this false sense of security may
be setting us up for a truly monumental crash. There is fresh evidence that time is running
out for the dollar-centric global monetary order. In fact, central banks outside the US are
already making swift and discrete preparation for a post-dollar era.To begin, the People's
Bank of China has just this week decided to permit a wider trading range between the
yuan and the dollar. This is the first step toward ending the infernal yuan-dollar peg. While
the impetus behind this abrupt change remains a mystery, I have a sneaking suspicion
that, as my colleague Neeraj Chaudhary explained in his commentary last week, the
nationwide labor strikes were a prime motivator. In response to the 2008 credit crunch, the
Fed printed so many dollars that the People's Bank of China was forced to drive Chinese
inflation into double digits to maintain the peg. The pain has fallen on China's workers,
who have seen their wages stagnate while prices for everything from milk to apartments
have skyrocketed. This week's move indicates that, regardless of its own policy motives,
the Communist Party can no longer afford to keep pace with the dollar's devaluation. The
result will be a shift in wealth from America to China, which may trigger a long-anticipated
run on the dollar, while creating investment opportunities in China. Just days before
China's announcement, Russian President Dmitry Medvedev rattled his monetary sabre by
telling the press of his intention to lead the world toward a new monetary order based on a
broad basket of currencies. Giving strength to his claim, the Central Bank of Russia
announced that it would be adding Canadian and Australian dollars to its reserves for the
first time. Analysts suggest that the IMF may follow suit. While Russia floats in the limbo
between hopeless kleptocracy and emerging economy, it does possess vast natural
resources and a toe-hold in both Europe and Asia. In other words, it will be a strategically
important partner for China as it tries to cast off dollar hegemony. Speaking of Europe, the
major powers there are moving toward a post-dollar world by rejecting President Obama's
calls to jump on America's debt grenade. The prescriptions coming from Washington
translate loosely to: our airship is on fire, so why don't you light a candle under yours so
that we may crash and burn together. Given that dollar strength is largely seen as a
function of euro weakness (as Andrew Schiff discussed in our most recent newsletter,
debt troubles in the eurozone's fringe economies have created a distorted confidence in
the greenback. However, as you might imagine, Europe has higher priorities than being
America's fall guy. Led by an ever-bolder Germany, the European states are wisely
choosing not to throw themselves on our funeral pyre, but to wisely clean house in
anticipation of China's rise. In another ominous sign for the dollar, the Financial Times
reported Wednesday that after two decades as net sellers of gold, foreign central banks
have now become net buyers. What's more, more than half of central bank officials
surveyed by UBS didn't think the dollar would be the world's reserve in 2035. Among the
predicted replacements were Asian currencies and the euro, but - by far - the favorite was
gold. This is supported by Monday's revelation by the Saudi central bank that it had
covertly doubled its gold reserves, just about a year after China made a similar admission.
There is no reason to assume these are isolated incidents, or that the covert trade of
dollars for gold doesn't continue. To the contrary, this is compelling evidence that foreign
governments are outwardly supporting the status quo while quietly preparing for the
dollar's almost-inevitable devaluation. What people like Paul Krugman believe to be a
return to medieval economics may, in fact, be the wave of the future. In peacetime,
hardened troops will likely tolerate a blowhard general for an extended period; but when
the artillery opens up with live ordnance, an ineffectual leader risks rapid demotion. The
newspapers are now riddled with hints that foreign governments have lost faith in
Washington and the dollar reserve system. It seems to me only natural that after a century
of war, inflation, and socialism, the next hundred years would belong to those people who
hold the timeless values of hard money and fiscal prudence. Unfortunately, our
policymakers are not those people.’
China's Hu Jintao Says Group of 20 Must Coordinate to Consolidate

Recovery Bloomberg … How about the G195 countries in the world
collectively be considered in this task of coordination owing to the abject
failure of the so-called G20 which have in lockstep coordination
precipitated this global crisis including the war mongering, war criminal
acts of the so-called nato allies et als, particularly the u.s., and as well the
likes of war criminal nation israel which have never avoided a contra-
indicated, anti-recovery war / conflict they could contrive / rationalize. The
so-called G7, 8, 9, 20, etc., are a pathetic bunch of incompetent vegetables /
jokers / showmen / clowns.
One of those … Daaaaah! Moments … Panetta says Afghan progress

slower than expected Los Angeles Times - Days after President
Obama installed a new US military commander in Afghanistan, CIA
Director Leon E. Panetta conceded Sunday that progress in the war
has been "harder" and "slower than I think ... Panetta says Afghan
insurgents show no real interest in reconciliation talks Washington
Post CIA Retains Controversial Security Firm in Afghanistan Wall
Street Journal CIA: AFGHAN PROGRESS 'SLOWER' THAN
ANTICIPATED… Daaaaah! ...
New York Times reporter calls Zionist terrorism ‘romantic’ A little-noticed

comment in a New York Times interview with Israeli opposition leader
Tzipi Livni has critics arguing that it shows the media has a “double
standard” when it comes to terrorism.
States of Crisis for 46 Governments Facing Greek-Style Deficits

Californians don’t see much evidence that the worst economic
contraction since the Great Depression is coming to an end.
Unemployment was 12.4 percent in May, 2.7 percentage points higher
than the national rate. Evans-Pritchard Announces Fed
Contemplating $5 Trillion QE Expansion In his latest column, the Daily
Telegraph’s A. Evans-Pritchard does a good job of recapping all the
various reasons why Bernanke has now completely cornered himself,
and facing a newly collapsing economy, is left with just one recourse:
the printing of more, more, more paper. History Tells US The Euro
Will Not Survive, Greece Will Get Worse, And There Will Be A Trade
Shock With the PBoC’s currency announcement last Saturday and
the surge (!) in the value of RMB on Monday (all very kindly timed to
add zest to my meetings this week in Boston, New York, and
Washington), you would assume that today’s entry would be all about
the RMB and the effect of the PBoC announcement.
The following is really the quintessential question and issue, particularly in

light of america’s defacto bankruptcy and international law; but paramount
humanitarian concerns alone would militate against america’s current
misguided course. Is Petraeus McChrystal’s Replacement or Obama’s?
Paul Craig Roberts | All of this drama is playing out despite the continuing
lack of any valid reason for the american invasions of Iraq and Afghanistan.
Obama Can Shut Down Internet For 4 Months Under New Emergency
Powers President Obama will be handed the power to shut down the
Internet for at least four months without Congressional oversight if
the Senate votes for the infamous Internet ‘kill switch’ bill, which was
approved by a key Senate committee yesterday Congressman
Rohrabacher: Almost All House Republicans Think Iraq War Illegal,
Immoral Andrew Napolitano’s new Saturday show on the Fox
Business Network is set to send shock waves through the political
establishment this weekend when his guest – Republican
Congressman Dana Rohrabacher – reveals that almost all House
Republicans now believe that the invasion of Iraq was not only a
mistake, but also illegal and immoral. New Financial Overhaul
Gives Government Broad New Powers To Seize Financial Firms The
government would have broad new powers to seize and wind down
large, failing financial firms and to oversee the $600 trillion derivatives
market. Israeli Leaders Sued in Belgium for War Crimes
U.N. confirms rise in violence in Afghanistan Obama Can Shut Down

Internet For 4 Months Under New Emergency Powers Food &
Depopulation: Scams and Solutions Cassandra Anderson | Beware of
all NGOs and so-called “non-profit” organizations. Congress Votes
to Impose Embargo On Iran Infowars.com | Congress believes more
punitive measures are required in order to punish the Islamic state.
G20: Activists Arrested, Denied Entry into Canada Kurt Nimmo |
Charlie Veitch of The Love Police arrested, Luke Rudkowski and
fellow activists denied entry in New York.
Israeli Leaders Sued in Belgium for War Crimes Former Prime Minister
Ehud Olmert, Israeli opposition leader Tzipi Livni and Defense Minister
Ehud Barak were among those charged with war crimes committed
during the Gaza war in the winter of 2008-09, the French daily Le
Monde reported. Congress OKs sanctions on Iran’s energy, banks
Congress on Thursday approved tough new unilateral sanctions
aimed at squeezing Iran’s energy and banking sectors, which could
also hurt companies from other countries doing business with Tehran.
Cybersecurity Measures Will Mandate Government “ID Tokens” To Use The

Internet The move to shut down and regulate the Internet, the only
source of uncensored news and truth, under a new government-
controlled system has accelerated into high gear with the
announcement that the government’s cybersecurity strategy revolves
around issuing Internet users with ID “tokens” without which they will
not be able to visit websites, the latest salvo against web freedom
which, in combination with Senator Joe Lieberman’s ‘kill switch’ bill,
will serve to eviscerate the free Internet as we know it.
Turkey, the World Leader of Nations, bans israeli military flight from its
airspace as freeze deepens The Guardian -Turkey has banned an
israeli military flight from its airspace in apparent retaliation for
Israel's interception of the Free Gaza flotilla last month, in which nine
pro-Palestinian Turkish activists were killed. Turkey restricts israeli
use of airspace CNN International Turkey bars israeli planes ABC
Online netanayahu rules out apology to Turkey over deadly raid
(AFP)
G-8 ‘fully believes’ Israel will attack Iran, says Italy PM Haaretz | World
leaders “believe absolutely” that Israel may decide to take military action
against Iran. Britain will not defeat Taliban and should open talks,
says head of Army London Telegraph | Britain and its allies will not defeat
the Taliban with military force and should soon open peace talks with
insurgents in Afghanistan, the head of the Army said yesterday.
3 SIGNS OF A SUCKER RALLY Simon Maierhofer ‘ … AFTER EXAMINING

TECHNICAL EVIDENCE, SENTIMENT INDICATORS AND VARIOUS
VALUATION METRICS, IT BECOMES OBVIOUS THAT THE RECENT
BOUNCE PROVIDES A SELLING, NOT BUYING OPPORTUNITY ...’
Russell: This Is One Of The Largest Tops In Stock Market History Richard
Russell has grown very vocally bearish in recent months. Earlier this
year, Russell warned that the stock market was once again becoming
grossly overvalued despite its relentless new highs. Pragmatic
Capitalism June 24, 2010 Richard Russell has grown very vocally
bearish in recent months. Earlier this year, Russell warned that the
stock market was once again becoming grossly overvalued despite its
relentless new highs. He has maintained that the bear market never
ended and that the world is far too indebted to exit the bear market.
He also believes the bear will not end until all fiat currencies have
failed. Although I disagree with him on many aspects of the micro I
agree with his larger macro outlook. This bear market is not over.
The secular bear market lives on. Mr. Russell thinks we might be on
the verge of a terrible collapse:
“We’re now in the process of building one of the largest tops in
stock market history. The result, I think, will be the most disastrous
bear market since the ‘30s, and maybe worse.
Question: “What could possibly be behind such a bear market?” you
ask. “The stock market is stirring up optimism on a weekly, if not daily
basis, by not falling apart.”
Answer: This is the “rest” or “dead zone” I was talking about. Bear
markets don’t conclude in a day, a week or a month. Months will go
by, often adding to the bulls’ optimism.I think the key element behind
this great bear market will be the complete destruction of all fiat
currencies. This has been a long time coming. Fiat currencies are
“wealth” created by man. They are created without sacrifice, without
labor, without risk, and without sweat. Basically they are an immoral
device, created by secretive bankers. If you watch the figures
carefully, you’ll note the subtle deterioration. For instance, the
advance-decline ratio, although up slightly for the week, had a
relatively weak performance with the Dow up several hundred points
over the course of the week. And we broke the trendline in May (see
the chart below showing the cumulative advance-decline line for
NYSE Common Stock only, which is what we publish in our figures
(courtesy of DecisionPoint — www.decisionpoint.com). The vertical
lines are Jan 2008, Jan 2009 and Jan 2010 as you move to the right on
the chart. [CHART] My old friend, Bob Prechter, is talking about Dow
400. I used to think this was an absurd joke. I no longer think it’s a
joke. The ultimate result will be a primary bear market shocking in
duration and extent. …’
Reports: IAF Landed at Saudi Base, US Troops near Iran Border Arutz
Sheva | The Israeli Air Force recently unloaded military equipment at a
Saudi Arabia base, a semi-official Iranian news agency claimed
Wednesday. It’s time for the world to take a close look at the despotic,
totalitarian regime that presently exists for the grandeur and wealth of a
few while hiding behind Islam as they betray same and Muslims
everywhere. The time has come for regime change in Saudi Arabia to yield
a nation of and for the people of Saudi Arabia and the glory of Islam.
[It should be noted, and there have been a multitude of other instances,
that I’m getting substantial ‘attacks’ vis-à-vis my internet connection
which has slowed dramatically these posts. I don’t think the
interference is either accidental or just coincidental but consistent
with that similarly experienced by critics of corrupt defacto bankrupt
america of which I am one and not alone in that regard – slowing,
militating against the devastating truth about america. It should be
noted that yet another attempt by the criminal american government
and related partners in crime to silence an unwavering critic (to really
understand america is to not be able to stand pervasively corrupt and
defacto bankrupt america and her failed criminal cohort nations /
lapdogs, ie., uk, eu, israel, etc.), in contravention of first amendment
rights / protections, and as in the RICO case [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpe
naltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] to
cover up substantial crimes in which the government was / is also
involved. Some delays but a work-around is in progress. I won’t forget
this and a price will be paid, as continues to be true. (6-22-10)THE
WORK-AROUND-IN-PROGRESS I ALLUDED TO IS NOW FOR THE
MOST PART SUCCESSFULLY COMPLETED BY WAY OF A DSL
CONNECTION AND A DELL COMPUTER.]
Cases against Wall Street lag despite Holder’s vows to target financial
fraud Washington Post | Obama has promised to hold Wall Street
accountable for the meltdown. Drudgereport: States Take Aim at
Pension Costs... ...Bank failure pace more than double last year
REPORT: Madoff tells cellmates of $9 billion stash... they all have
them … Cases against Wall Street lag despite Holder’s vows to target
financial fraud THOMAS SOWELL: Is USA Now On Slippery Slope
To Tyranny?
China To Overtake USA In Manufacturing FT | The US remained the world’s

biggest manufacturing nation by output last year, but is poised to
relinquish this slot in 2011 to China – thus ending a 110-year run as
the number one country in factory production.
Housing Double Dip Accelerates As Existing Home Sales Plunge -2.2% In

May Versus 6.0% Consensus, Down From 8% In April
When will the SEC prosecute for market rigging? Michael Schmidt | Are the
large gold bullion banks working in collusion with the US Federal
Reserve to artificially torpedo the key rival to US dollar hegemony?
China To Overtake USA In Manufacturing FT | The US remained the
world’s biggest manufacturing nation by output last year, but is
poised to relinquish this slot in 2011 to China – thus ending a 110-year
run as the number one country in factory production.
Connecticut vegetable lieberman: China Can Shut Down The Internet, Why
Can’t We … (great logic from a totalitarian zionist)? Senator joe Zelig the
zionist israeli lieberman, co-author of a bill that would give President
Obama a ‘kill switch’ to shut down parts of the Internet, attempted to
reassure CNN viewers yesterday that concerns about the government
regulating free speech on the web were overblown, but he only stoked
more alarm by citing China, a country that censors all online dissent
against the state, as the model to which American should compare itself.
Mexican drug cartel threatens to harm U.S. police officers who bust drug
shipments while off-duty New York Daily News | Mexican cartels added
a new twist to the drug war this week by threatening to kill U.S. cops
who seize their goods. Former Israeli top spy calls for strike on Iran
Israel should launch a pre-emptive strike to prevent arch-foe Iran from
going nuclear, a former head of Israel’s Mossad intelligence agency
said on Monday. Israel’s Planned Attack on Iran from Caucasus
Base A week ago, Israel leaked to the press that they had permission
from Saudi Arabia to use their air space to attack Iran. The Saudi’s
quickly denied this.
$34 Billion Asset Manager Says Market Prices Are Manipulated, Accuses
NYSE Of Intellectual Property Theft, Debunks HFT “Liquidity Provider”
Lies
Soros Says ‘We Have Just Entered Act II’ of Crisis Bloomberg | Soros said
the current situation in the world economy is “eerily” reminiscent of the
1930s. Gerald Celente: U.S. Financial Markets to Collapse by End of 2010
Infowars.com | Gerald Celente is a renowned trend forecaster, publisher of
the Trends Journal, business consultant and author who makes
predictions about the global financial markets and other events of
historical importance. Jobless Claims in U.S. Decreased Last Week to
456,000 Bloomberg | More Americans than anticipated filed applications for
unemployment benefits last week.
Market Outlook: Bearish Background to Bullish Storyline Sean Hannon:

‘The last two weekly market commentaries have discussed how the
underlying trend of the market is now bearish and all rallies should be used
to sell stocks and reduce risks. With nearly every news outlet spouting the
bullish storyline, these articles served as an outline of a disciplined
investment strategy. Those who followed the outline have done well as the
Dow Jones Industrial Average (Dow), S&P 500, and NASDAQ each declined
over 5% since my initial warning. With the Dow still stuck below the
psychologically important 10,000 level and all three major U.S. markets
trading beneath their 200-day moving averages (MA), the bearish backdrop
is clear. Even if many are still looking for a rally, we should understand that
the primary trend is lower. Instead of focusing on how high prices will rally,
we should instead consider how much further prices can fall …’
Greek Default Seen by Almost 75% in Poll Doubtful About Trichet Global
investors have little confidence in Europe’s efforts to contain its debt crisis
or in European Central Bank President Jean-Claude Trichet, with 73
percent calling a default by Greece likely. 12 Reasons Why The U.S.
Housing Crash Is Far From Over Over the past several months, many in
the mainstream media have hailed the slight improvement in the U.S. real
estate market as a “housing recovery”. US Needs Austerity Too: Hedge
Fund Strategist The United States will have to adopt austerity measures
similar to the ones taken in Europe, because the problems faced are largely
the same, Timothy Scala, macro-strategist at Sophis Investments, told
CNBC.com. Market Analyst: ‘BP’s Not Going to Last as a Company
More Than a Matter of Months’ We’ve heard politicians, even conservative
Republicans, suggest BP would be held completely responsible for the
devastation caused by the oil spill plaguing the Gulf of Mexico, even if it
means its very existence.
Israeli Official Threatens to Kill Turkish PM Kurt Nimmo | It is

unprecedented for a top level state official to threaten a head of
another state with murder.
US Media Terrified Of Mentioning USS Liberty Do you know that an

american naval vessel was attacked by israel in international waters, 43
years ago today, resulting in the deaths of dozens of american sailors
Arab lawmaker on flotilla sparks outrage in israel (AP) - An Israeli-Arab
lawmaker's decision to join hundreds of activists on a pro-Palestinian
flotilla has elevated her from relative political obscurity, transforming her
into the poster child for the ...
Why To Question the 2010 Stock Market Rally [Why To Question the 2010
Stock Market Rally – Web Site Archived with Charts Click Here - In the
past year, we've written a lot about the similarity between the rally of
early 1930 and the one we had through April of this year. The early
1930 rally came after the market had fallen nearly 50% in the fall of
1929. The spring 1930 rally took the market up nearly 50% again, to a
level that was only about 20% below the previous peak. That rally, of
course, was also the biggest sucker's rally in history. After the market
peaked in April 1930, it crashed again, eventually ending up down 89%
from the 1929 high and more than 80% from the 1930 high. The market
did not reach the 1930 high again for another quarter of a century. The rally
that recently ended in April 2010 came after a crash that was actually
slightly more severe than the 1929 crash (53% versus 48%). It took the
market up nearly 80% from the low! The recent rally also lasted longer
than the 1930 rally did--a year, as opposed to 6 months … ]
REMEMBER: In 1930, They Didn’t Know It Was “The Great Depression” Yet
In the past year, we’ve written a lot about the similarity between the
rally of early 1930 and the one we had through April of this year.
Investment Banker: It’s Going To Get Nasty – Buy Land, Barbed Wire
And Guns A top investment banker has warned that the economic
fallout of the sovereign debt crisis could get so nasty over the next
five years that people would be wise to abandon the markets and
instead buy land, barbed wire and guns.
DEBT POISED TO OVERTAKE GDP Key Indicators of a New Depression

Neeraj Chaudhary | Great Depression II developing into something far more
devastating than its predecessor You’re Being Decieved Infowars.com |
We’re heading over an economic cliff and there’s nothing the government
can or will do about it except lie. The Folly of Blindly Trusting the
Government
‘What Does China Want?’ They want to speak to Rosanne Rosanna Danna,
of course! ‘Asian markets tumble on fears over Hungary’ …Riiiiight!
Hungary’s the thing! … Rosanne Rosanna Danna, formerly of SNL fame
wanted in Asia to chime in with what her mama always used to say, ‘ It’s
always something ‘ . Of course, it matters little to the frauds on wall street
what the something is said to be since the reality is … ‘This is a global
depression. This is a secular bear market in a global depression. This was
a manipulated bull (s***) cycle in a secular bear market. This has been a
typically manipulated bubble as has preceded the prior crashes with great
regularity that the wall street frauds and insiders commission and sell into.
This is a typical wall street churn and earn pass the hot potato scam / fraud
as in prior crashes.’ ( It should be noted, and there have been a multitude
of other instances, that I’m getting substantial ‘attacks’ vis-à-vis my
internet connection which has slowed dramatically these posts. I don’t
think the interference is either accidental nor just coincidental but
consistent with corrupt defacto bankrupt america’s critics of which I am
one and not alone in that regard – slowing, militating against the
devastating truth about america.) Europe is Heading for a Depression
Despite a nearly-$1 trillion rescue operation, financial conditions in the
eurozone continue to deteriorate. All the gauges of market stress are
edging upwards and credit default swaps (CDS) spreads have widened to
levels not seen since the weekend of the emergency euro-summit. Key
Indicators of a New Depression With the mainstream media focusing on the
country’s leveling unemployment rate, improving retail sales, and nascent
housing recovery, one might think that the US government has
successfully navigated the economy through recession and growth has
returned. Get Ready for a Double Dip … but many warning flags point
towards significant deterioration in the U.S. and global economy going
forward and so I think that by the end of the year or early 2011, we could
very well be facing a new leg down in the world’s economic situation … [I’d
say too optimistic since, to reiterate: This is a global depression. This is a
secular bear market in a global depression. This was a manipulated bull
(s***) cycle in a secular bear market. This has been a typically manipulated
bubble as has preceded the prior crashes with great regularity that the wall
street frauds and insiders commission and sell into. This is a typical wall
street churn and earn pass the hot potato scam / fraud as in prior crashes.]
european central banks intervened to shore up the ever more worthless

euro, buying into that fraudulent wall street b*** s*** story that that ‘s a
good thing, rallying stocks off their lows. It is amazing how dumb europe
has become so quickly. An exception is what I believe was Germany’s
steps against derivatives, which market according to a derivatives trader
on the radio this day is a $40 trillion market (missed his name). To reiterate
as applicable to yet another fraudulent scheme previously stated, said
market is paper on paper moving around and generating commissions at
lightning computerized speed but adding no real value in real economic
terms; again, the analogy of termites eating away at the (nation’s)
foundation is apposite. As such, that money has to come from some real
place and hence, the ever more frequent and larger crashes we are seeing.
Don’t forget that the worthless paper from previous such fraudulent
schemes now marked to anything is still out there in a magnitude some
have placed in the hundreds of trillions.
The Worst Money Supply Plunge Since The Depression Means A Double
Dip Is Now A ‘Virtual Certainty’ The stock of U.S. money as measured by
‘M3′ money supply fell to $13.9 trillion from $14.2 trillion during the three
months ending in April. [ This is still an extraordinarily high level but … I
don’t buy it. I believe the printing presses have been working overtime to
pump out ever more worthless fiat currency and with the many trillions of
worthless fraudulent paper still out there and marked to anything. I further
believe the same is being surreptitiously used to supplant the fraudulent
paper, the consequences of which will be devastating, of course, as is
invariably so in depressions in any event. This scenario would also mean
huge fraud accomplis. ] Fiat Money Supply Contracting at Great
Depression Level The bankster operative who helped destroy Glass-
Steagall is back. Larry Summers, Obama’s top economic adviser, has told
Congress to “grit its teeth” and approve a fresh fiscal boost of $200 billion
to keep growth on track, reports the Daily Telegraph. Fiat Money Supply
Contracting at Great Depression Level Kurt Nimmo | The Federal Reserve
stopped publishing M3 figures back in 2006.
Sell in May and Go Away, Indeed [ I wasn’t kidding; and, I’m still not
kidding when I say: This is a great opportunity to sell / take profits
because there’s much worse to come! ]
Forecasts from Dent, Napier, and then Prechter: Depression is Imminent

The Dow Jones Industrial Average will go down to at least 1000, most
likely to below 777 which was the starting point of its mania back in
August 1982, and quite likely drop below 400 at one or more times
during the bear market.
10 Reasons to Worry About Margin Growth … a good portion of these

factors will likely impact margins by the end of the year. I don’t believe
this is adequately factored into earnings estimates across the board.
Given this, I believe we have seen the highs for the year and next few
quarters will be extremely volatile ...
Dow Theorist Richard Russell: Sell Everything, You Won’t Recognize

America By The End Of The Year Business Insider | “Pul – leeze, get out
of stocks now, and I don’t give a damn whether you have paper losses
or paper profits!”
The frauds on wall street et als should be criminally prosecuted, jailed, and
disgorgement imposed. If that were so, they wouldn’t be worrying about
who wins / loses since those who fraudulently play, invariably would (and
should) pay. If they’re not prosecuted, everyone loses.
POST MORTEM AND REVIEW Ricky:

A post mortem is in order. The elements of this worldwide con game are
remarkably simple, not complex at all. Apparently you only need a few
things to make a mockery of the entire global economic system, and big
banks garnered these few important things through “regulatory capture”:
1) Unregulated, unenforced rules (particularly for derivatives)
2) license to “mark to model” (assign your own values to your assets)
3) ability to peg present value to irrational expected future returns (based
on unlimited, exponential growth)
4) infinite leverage (no effective requirements for reserve capital in
unregulated “shadow” markets)
5) massive size, so that the bank is "too big to fail"
6) non-transparency and non-accountability.
SELL IN MAY AND GO AWAY!
THE FORECASTS:
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
Russell Napier is the author of the book “Anatomy of the Bear”, a professor
at the Edinburgh Business School and a consultant to CLSA Ltd. which is
one of the top research houses in Asia. Napier’s research indicates (and I
paraphrase) that: The S&P 500 will Decline to 400 by 2014 (the Dow 30 to
3800)
The S&P 500 will then undergo a major crash that will see U.S. equity prices
bottom at almost 50% below current levels (i.e. to 400 or less; the Dow 30
to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3
signaling the end of the bear market, as it has done at the end of the four
largest U.S. market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Collapse Leading to End of U.S. Dollar as Reserve
Currency
Robert R. Prechter Jr. is author of a number of newsletters and books
including “Elliott Wave Principle” (1978) in which he predicted the super
bull market of the 1980s; “At the Crest of the Tidal Wave – A Forecast of the
Great Bear Market” (1995) in which he predicted a slow motion economic
earthquake, brought about by a great asset mania, that would register 11
on the financial Richter scale causing a collapse of historic proportions;
and “Conquer the Crash: You can Survive and Prosper in a Deflationary
Depression” (2002) in which he described the economic cataclysm that we
are just beginning to experience and advised how to position one’s self
financially during that period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely
to below 777 which was the starting point of its mania back in August 1982,
and quite likely drop below 400 at one or more times during the bear
market.
According to the Debt Clock:
• Total national debt: $13 trillion

• Debt per citizen: $42,026
• Debt per taxpayer: $117,982
• Total interest due: $1.9 trillion
• Interest per citizen: $2,211
Click here to see the Debt Clock, which is updated every second.
• Total personal debt: $16.5 trillion

• Total mortgage debt: $14.1 trillion
• Total consumer debt: $2.45 trillion
• Personal debt per citizen: $53,483
• Debt held by foreign countries: $4.07 trillion
http://www.usdebtclock.org Get Real Time U.S. Debt Data


TED OLSON SEEKING TO OVERTURN CALIFORNIA'S PROPOSITION 8,

WHICH LIMITS MARRIAGE TO A MAN AND A WOMAN. After shilling
for the corrupt u.s. government as solicitor general, maybe he just
wanted to go straight [Just Kidding!]. There is no immunity, judicial or
otherwise for criminal acts. Moreover, there is no sovereign immunity
for non-governmental acts as would include involvement in the
illegal drug and related crimes, ie., bribery, etc., and the supreme
court has so held against foreign nations in the context of the RICO
statute but in my RICO case olson the liar would shill otherwise, not
that he really had to worry in light of the pervasively corrupt and
wastefully costly federal courts which should be abolished.
MIDEAST DIGEST Direct talks with Israel futile at this time, Palestinian
leader Abbas says (quite accurately) - After all, america’s defacto
bankrupt, everything’s going according to the zionist israeli plan,
and america’s bogged down in Afghanistan and over concerns
with ‘their opium / poppy fields / heroin trade’
In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the

creation of a Jewish state in Palestine, warned that, even though failure to
go along with the Zionists might cost President Truman the states of New
York, Pennsylvania, and California, it was about time that somebody
should pay some consideration to whether we might not lose the United
States. Mr. Forrestal was absolutely correct! Isn’t that exactly what’s
happened to defacto bankrupt america in intractable decline.
TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND

ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE
INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE
PROSPERITY FOR THIS WORLD!
OOOOH! ISRAEL NOW IN FAVOR OF NUKES IN THE MIDDLE EAST IN

SUDDEN SHIFT IN POLICY TO FAVOR IRAN IN A VERY BIG WAY! ISRAEL
SEES THE LIGHT AND SIDES WITH IRAN ON NUCLEAR ISSUE;
ESSENTIALLY SAYS TO THE WORLD AND IRAN ‘TO PRESS ON WITH
NUCLEAR AMBITIONS’.
I’ve previously stated and reiterate here that I don’t ordinarily comment on
sports / sports-related matters, and as a matter of disclosure which
could otherwise be interpreted as a reason for what some might
speculate a biased view on my part, some years ago I stated that I
thought Lebron James to be the greatest player since Michael Jordan;
but I’m compelled to write that all this anti-James rhetoric is hurting
my ears and eyes. I’m astounded that even Mr. Gray is being
castigated … for what … not being hard enough on a great player who
after 7 years chooses a new deal at a new location (he was lucky to
get the interview)? After all, athletic careers are particularly finite, not
endless lifetime affairs and where’s his ‘crime’? I suggest Mr. Kurtz
and other critical journalists keep their powder dry and focus on
matters for which they’re expected to scrutinize, report, and inform as,
for example as follows, a sitting u.s. supreme court justice, sam alito,
who as u.s. attorney, obstructed justice / covered-up a drug-money
laundering scheme through the trump casinos in atlantic city which he
was able to quid pro quo parley into lifetime judicial appointments,
see infra:
(Previously) I’d say this alito vs. wobama is a tempest in a teapot inasmuch
as alito is more than just a lightweight, hack, liar, fraud etc., as set forth in
the comments. alito is a criminal who should have served / should be
serving time in prison for obstruction of justice, bribery, among other RICO
violations. To alito, drug money is as green as corporate money and worth
his vote as well. In addition to being an inept [I looked in on the one mob
case he had brought, bungled, lost (accidently on purpose?) since I was
suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt alito brought in
all 20 mob defendants (rather than prosecute one or a few to flip them first)
who feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches)] and corrupt (see below and
particularly the summary provided to the FBI under penalty of perjury [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenalty
ofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] ) u.s.
attorney.
You’re naïve to think that the so-called supreme court is any different from
the rest of the meaningfully lawless and pervasively corrupt american
‘system’. I knew well an accomplished trial lawyer, fellow american college
of trial lawyers / and a bar examiner, who pondered from time to time
becoming a judge “so he’d never have to work again” – his words.
Some comments on alito…all appropriate:
Probably the worst appointment in one hundred years.
Posted by: mnjam
-----------------------
Really? That's a pretty sweeping statement to make about someone who's

only been on the court a short few years.
And I thought that liberals were in universal agreement that Clarence

Thomas was the worst appointment in all of history?
Posted by: blert | January 28, 2010 2:11 AM | Report abuse

----------------------------
Yes. Really. Alito is a total lightweight and hack. He makes Thomas look
like John Marshall or Oliver Wendell Holmes. I KNOW ALITO.
Posted by: mnjam | January 28, 2010 2:24 AM |
the loser here is alito.lost his composure not good for a judge especially
afederal or supreme justice .loser big time this will live with guy for a very
time.roberts and the other justices will have a talk with him that is a
given.this relly larger than o one day news cycle.
Posted by: donaldtucker | January 28, 2010 1:12 AM |
Should Alito resign or be impeached?

Posted by: jdmca | January 28, 2010 1:05 AM |
Manchurian Candidates: Supreme Court allows China and others unlimited

spending in US elections Greg Palast | Our future elections may come
down to a three-way battle between China, Saudi Arabia and Goldman
Sachs. Call For Immediate Arrest of 5 Supreme Court Justices for
Treason Gordon Duff | The bloated corpse we are creating in
Washington is emitting a stench we can no longer abide. The
aforesaid would be shocking to anyone without a modicum of
knowledge of the reality of pervasive corruption within the u.s. courts
themselves and america generally, including all three branches of the
u.s. government.
Ron Paul: After ‘CIA coup,’ agency ‘runs military’ US House Rep. Ron Paul
says the CIA has has in effect carried out a “coup” against the US
government, and the intelligence agency needs to be “taken out.” I
also personally believe there has been a defacto coup d’etat which
has manifested in various substantial, blatant, brazened frauds, ie.,
wall street, missing 360 tons of $100 bills in Iraq, war profiteering, etc.,
without any fear of prosecution, and of course concomitant decline for
u.s. as the treasury is looted. But I also believe its scope is beyond
just the CIA with many complicit within the corrupted 3 branches of
u.s. government (fed judges, us attorneys, illegal system, etc.) plus
the military and private big money, ie., Goldman Sachs / wall street
men, etc., among other organized crime. america is defacto bankrupt
in every way!
I’ve previously stated and reiterate here that I don’t ordinarily comment on
sports / sports-related matters, and as a matter of disclosure which
could otherwise be interpreted as a reason for what some might
speculate a biased view on my part, some years ago I stated that I
thought Lebron James to be the greatest player since Michael Jordan;
but I’m compelled to write that all this anti-James rhetoric is hurting
my ears and eyes. I’m astounded that even Mr. Gray is being
castigated … for what … not being hard enough on a great player who
after 7 years chooses a new deal at a new location (he was lucky to
get the interview)? After all, athletic careers are particularly finite, not
endless lifetime affairs and where’s his ‘crime’?
I suggest Mr. Kurtz and other critical journalists focus on matters they’re
expected to scrutinize, report, and inform as, ie., , a sitting u.s.
supreme court justice, sam alito, who as u.s. attorney, obstructed
justice / covered-up a drug-money laundering scheme through the
trump casinos in atlantic city which he was able to quid pro quo
parley into lifetime judicial appointments:
alito is more than just a lightweight, hack, liar, fraud etc., as set forth in the
comments. alito is a criminal who should have served / should be serving
time in prison for obstruction of justice, bribery, among other RICO
violations. To alito, drug money is as green as corporate money and worth
his vote as well. In addition to being an inept [I looked in on the one mob
case he had brought, bungled, lost (accidently on purpose?) since I was
suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent, corrupt alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with their
moans during testimony and had the jury in stitches)] and corrupt (see
below and particularly the summary provided to the FBI under penalty of
perjury [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenalty
ofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] ) u.s.
attorney.
Rendition: Where the War on Terror Meets the War on Drugs I’ve
experienced the corrupt inter-relationship of the government (all 3
branches) and the illegal drug trade / obstruction of justice / bribery
first hand, particularly the courts / u.s. attorneys offices (ie., alito –
now u.s. supreme court justice – quid pro quo for his complicity /
cover-up), feds:
…“Evidence points to aircraft – familiarly known as “torture taxis” –

used by the CIA to move captives seized in its kidnapping or
“extraordinary rendition” operations through Gatwick and other
airports in the EU being simultaneously used for drug distribution ..
crashed in Mexico…” In 2004, another torture taxi crashed in a field
in Nicaragua with a ton of cocaine aboard…planes chartered to the
CIA for the rendition of suspected terrorists prisoners. Gulf Stream II
crashed in Mexico with 3 tons of cocaine on board ..it should not be
surprising that this illegal practice of rendition has in some part,
been used as a well-run smokescreen for another borderless illegal
operation- an extremely lucrative international transfer and delivery
of cash and narcotics.,,These flights are not subject to regular
customs checks, inspections or normal regulations as they move
seamlessly between destinations in the US, Britain, Europe, Middle
East, Central Asia, Cuba and possibly through US bases in Turkey,
Greece and Morocco…
Corrupt u.s. courts / judges: Their lifetime plush appointments should be

abolished, which corrupt entities are unheard of in productive
societies as China, Japan, etc.. Time to abolish these drags on society
and eliminate their lifetime stipends and costly bureaucracies. Rules
of law mean nothing them. Most, including sam alito of the u.s.
supreme court, concerning drug money laundering and obstruction
of justice in the 3rd circuit ( also maryanne trump barry who covered-
up drug money laundering through her brother’s casinos in a civil
RICO case) should have gone to or belong in jail. Contrary to popular
belief, they do it for the money, personal money, big, cash,
untraceable money. The fog of war is great for such things (360 tons
$100 bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenalt
yofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
NSA beats warrantless wiretap rap A Federal judge has dismissed a

complaint against the National Security Agency’s (NSA)
Corrupt u.s. courts / judges: Their lifetime plush appointments should be

abolished, which corrupt entities are unheard of in productive
societies as China, Japan, etc.. Time to abolish these drags on society
and eliminate their lifetime stipends and corrupt costly bureaucracies.
There must be such things as parallel universes (I don’t really believe that,
because there isn’t) or how else do you explain the disconnect
between reality, current and prospective, and the wet dreams posited
to keep the war funding / corporate welfare programs alive in
collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much
higher. Even israel apologist Cohen of The Washington Post alludes
to the Vietnam analogy. However, even if there were real goals beyond
the poppy / heroin trade which the Taliban had all but eradicated
(there isn’t); even if america wasn’t defacto bankrupt (america is);
even if america wasn’t killing innocent civilians in large numbers (war
criminal nation america is); even if america’s allies haven’t similarly
helped to bankrupt themselves by way of this war (they have); even if I
hadn’t told you so (I did) ….. this war still was, is, and remains a very
bad idea!
Afghan war overtakes Vietnam to become the longest conflict in U.S.

history Mail Online | The war entered its 104th month yesterday, with
30,000 American troops being deployed in the first half of this year
alone.
How does anyone take the u.s. seriously in light of their credibility
problems, war crimes, etc.? What nuke technology israel didn’t steal
from the u.s., the u.s. gave them along with missile, armaments, etc..
and paid for with taxpayer money that u.s. taxpayers and the defacto
bankrupt nation don’t have.
It's time to expel israel from the UN Without doubt, the israeli attack on the
Gaza-bound "Freedom Flotilla" in the dawn of Monday, May 31, 2010 is
one of the most savage crimes in recent history. It seems the ruling
power in Tel Aviv has been afflicted with a variant of mad cow
disease; otherwise, how could it be so cruel to unleash such a beastly
raid on the "Mavi Marmara," the Turkish flagship of a flotilla carrying
medical and humanitarian supplies to the hapless people of Gaza
Strip?
The israeli Spin-Machine in Overdrive: dershowitz to the Rescue? Armed

Israeli commandos, the elite of the elites, rappelled to the deck of a
Turkish ship carrying humanitarian relief supplies to the 1.5 million
prisoners in the Gaza concentration camp.
You think Iraq was bad? Invading Iran ‘would be lunacy’ Ivan Eland,
Director of the Center on Peace and Liberty at the Independent
Institute in Washington DC, gives his opinion on new sanctions
imposed on Iran.
I include the first two comments to the foregoing headline:

Billo Says:
June 11th, 2010 at 6:15 am
Lunacy? Keep in mind that this country is run and controlled by lunatics.
Our press government and military seem to take their orders from Israel.
Isarel wants to be known as a pack of “mad dogs. Do we want “mad dogs”
controlling us?
Here we see a bunch of phony accusations against Iran just like we did in
the run up to the bogus wars in Iraq, Afghanistan and now Pakistan. The
boy has cried wold ten thousand times. It’s time to identify the “lunatics”
and kindly take away the car keys. If you won’t let your friends drive drunk,
why do we let a bunch of “lunatic” enemies run this place.
Glen Reply:
June 11th, 2010 at 6:47 am
Lunacy it would be.
But it is also to their great credit that the Iranians have not made their own
threats.
Everyone knows there are 3 WMD threats, Nuclear Biological and chemical.
The scariest of which is Biological.
Any attack done under the threat of immediate biological retaliation would
deter only the insane.
Watch out america home of the insane, home of the leaders who want an
80% population reduction.
General McChrystal’s Burning Contempt for the Puppet Obama The farce
that is the war in Afghanistan is coming apart at the seams. General
Stanley McChrystal’s sharp comments about Obama, Biden, and the
administration published by Rolling Stone are not so much about
disrespect, as the script-reading corporate media talking heads would
have it, but rather about a policy in disarray in Afghanistan.
Gaza blockade illegal, must be lifted — UN rights official Israeli blockade

of Gaza unsustainable: White House US Jewish opinion and the
‘Beinart moment’ The controversial book, The Israel Lobby, in which
the political scientists, John Mearsheimer and Stephen Walt, argued
that US foreign policy has been hijacked by organized Zionism went
strangely unnoticed by the leading journal of American intellectual
opinion, the New York Review of Books. Doubts Grow Over Israel’s
Value as U.S. Ally Jim Lobe | The notion is that Israel and its actions
have since the Cold War increasingly become a “strategic liability” to
U.S. interests in the region.
The yardarm is the remedy Dozens of our friends and comrades, of

wonderful compassionate activists are dead and wounded in the pirate
attack in the high seas on humanitarian aid boats. This is a dreadful crime
that will forever be remembered and should be punished. The Israeli pirates
attacked the humanitarian aid Freedom Flotilla in the international waters
over 150 km out of their territorial waters. The boats carried no arms; the
participants strictly adhered to Ghandian mode by asking the Greek and
Cyprus authorities to search the boats to avoid later claims that they were
armed.
A Plague Upon The World: The USA is a “Failed State” Dr. Paul Craig
Roberts | The American people are lost in la-la land. They have no idea that
their civil liberties have been forfeited. US citizen killed on flotilla
reportedly shot four times in head Raw Story | A forensic report said
Furkan Dogan was shot at close range, with four bullets in his head and
one in his chest, according to the Anatolian news agency. The explanation
foisted off on the americans by war criminal israelis is probably something
on the order of ‘they just wanted to make sure they missed him’.
Roberts: ‘AIPAC purchases US elections’ Russia Today | Paul Craig
Roberts says that there will be nothing that is going to be done by the
United States to change the relationship with Israel.
‘US funding terrorist group against Iran’ Press TV | A member of a terrorist

organization operating in Iran says that a US State department radio station
originally put him in touch with the group.
Paul Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo |

John McCain worked overtime to make sure Vietnam POWs never came
home. I think the even bigger story vis-à-vis mccain is:
http://www.albertpeia.com/heroenot.htm ‘Did you know that that so-called
"american heroe" john mccain was referred to by his fellow pows in
Vietnam as something akin to the "songbird" inasmuch as he was
constantly "singing" to his Viet-Cong captors to curry favor and better
treatment? This has been documented with authority by Colonel David
Hackworth. The same violates military code/protocol (other soldiers have
been court-martialed for far less) click Here, Here. [
http://www.albertpeia.com/hackworth.htm ] But, you see, this covered up
scenario, compromizing the false facade of far less than a heroe, is exactly
what a criminal (lie of a) nation as america loves and encourages (get
everyone's hands dirty so no-one dares to rectify same, ie., bush, sr.,
clinton, bush, jr.). That is, "toe the (corrupt, propagandized) line", become a
criminal, or be exposed, prosecuted, and/or ruined; and, hasn't anyone
asked how "wall street" has been "spared the spotlight" (and even was
accorded protective legislation from their criminal culpability) and focus of
inquiry, attention, and prosecution despite being the primary beneficiaries
financial and otherwise of these scams (you know the wall street motto,
"churn and earn"; huge conflicts of interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s Nukes Out of the Shadows Israel faces unprecedented pressure to

abandon its official policy of “ambiguity” on its possession of nuclear
weapons as the international community meets at the United Nations in
New York this week to consider banning such arsenals from the Middle
East.
NASA wants mission to bring Martian rocks to Earth (AP) Why? They
already have that and more:
Launch of secret US space ship masks even more secret launch of new
weapon
The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global

Research | It’s not as if things aren’t bad enough right here on planet
earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth
orbit into another “battlespace.”
buzz aldrin wants to colonize Mars … Riiiiight buzzed! Better check with
DePalma to see if he already has the footage in the can since you
won’t be able to use the moon footage for the new boondoggle
video ...
OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO

BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN …
FOR INNER SPACE (IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com -

Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a
lofty next goal this week for Americans in space: Visiting an asteroid
by 2025. Obama's asteroid goal: tougher, riskier than moon The
Associated Press Obama calls for NASA to focus on trips to Mars and
beyond Computerworld
New Boondoggle promised to save NASA boondoggle defacto

bankrupt budget piece of pie. And don’t forget, Bruce Willis and Ben
Affleck, et als, have already done this so it’s not as if they’re starting
from ‘ground zero’, so to speak; and Brian DePalma already has
‘Mission to Mars’ in the can, but beware say the producers of ‘Species
II’ since Eve, the cloned daughter of Sill, might want to mate with
astronaut Paddy Ross who has returned from Mars as a space alien
host body.
First fake moonwalker blasts Obama's space plan msnbc.com - Bill
Ingalls - The first man to pretend to walk on the moon blasted
President Barack Obama's decision to cancel NASA's back-to-the-
moon program on Tuesday, saying that not going with the new movie
is “devastating” to america's boondoggle spaced out effort. Fake
dutch 'moon rock' revealed a treasured piece at the dutch national
museum - a supposed moon rock from the first manned lunar landing
- is nothing more than petrified wood, ...bbc news bbc news | europe |
fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is
actually a lump of petrified wood, museum authorities revealed
yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug
27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum /
ap. This rock, supposedly brought back from the moon by american
astronauts, ... http://www.albertpeia.com/moonfraud.htm
In reality it is just a piece of petrified wood ... Another piece of

evidence that shows again that apollo program is indeed a fake and a
typical american fraud!
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
Editorial: US in quagmire Seeing the warm welcome extended to the

Afghan president on his US trip, it is hard to believe that only weeks
ago Washington was seething with anger and frustration at Hamid
Karzai’s behavior and there were even dark mutterings by US officials
that he might be mad.
War in Afghanistan and Iraq costs America $1trillion From the Old | On May
30th at 10:06 the United States reached the point where they have
spent $1trillion on the wars in Afghanistan and Iraq. Sinking of the
Cheonan: A Classic False Flag Operation Russia Today | Sinking of
the warship was really intended to convince Japan not to move US
forces off Okinawa as well as divert the attention of Americans from
the dire economic situation at home. . Israel: IDF Troops Who
Murdered Unarmed Innocent People Are ‘Brave Heroes’ The
government of israel, aided by many quarters of the international
media, is attempting to spin today’s deadly IDF assault on a
humanitarian aid ship carrying supplies to Gaza as the fault of the
murdered activists on board the vessel, ludicrously characterizing
machine-gun carrying Israeli troops who killed over a dozen innocent
people as the victims of the incident.
Murder on the high seas JERUSALEM: Israeli marines stormed aid ships
bound for Gaza on Monday and at least 10 rights activists were killed,
triggering a diplomatic crisis and an emergency session of the UN
Security Council. European nations, as well as the United Nations and
Turkey, voiced shock and outrage at the bloody end to the
international campaigners' bid to break Israel's blockade of the Gaza
Strip
Israeli American Microbiologist Linked to Deadly Fungus Kurt Nimmo | A

report links labs in the United States and Israel to the Cryptococcus
gatti fungus that has killed several people in the United States.
Iraqi doctors demand cancer probe Al Jazeera | Iraqi doctors believe

depleted uranium from US military equipment used in the 2003
invasion is spreading cancer through the population. [This is all too
true and real; and I’m surprised this hasn’t gotten more attention,
coverage … well, maybe not that surprised ].
"What this means is that Neanderthals are not totally extinct. In some of us,
they live on," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the
distinction, without a difference). Actually, prior to studying the
compelling subject of Biological Anthropology (Michael Park text), I
too had some misconceptions about the group known as Neandertals
(recent spelling drops the ‘h’) and actually mis-referenced same by the
stereotypical image of members of said clade even as the debate
continues as to whether they are within the species homo sapiens or a
separate species. I believe these to be distinctions without important
differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi
Klum thinks on the subject.
Neanderthals, Humans Interbred, DNA Proves
Signs of Neanderthals Mating With Humans - Neanderthals mated with

some modern humans after all and left their imprint in the human
genome. Genome hints humans, Neanderthals rolled in prehistoric
hay You're a Neanderthal: Genes say yes — a little bit (AP)
Neanderthals and people interbred, fossil analysis finds For more info
on man’s humble beginnings, see here
http://www.albertpeia.com/anthroindex1.htm
Previously I wrote:
FOUND: MISSING LINK BETWEEN APES AND MAN.... These stories, and
the many like it, are old news and I subscribe to the more studied view
that there is no “missing link” per se and in my view they are
distinctions without significant differences. I previously wrote:
To Learn More About From Whence Man Came, This Link's For You
[To the Professor at the beginning of the course]
10-5-09 Postscript: Professor *****,

I felt compelled to thank you again for the add; not to curry your favor but
indeed to express profound thanks inasmuch as this is probably the last
formal course at a formal educational institution I'll ever take; and among
the most important. While I had bought at discount a library-discarded 1993
Anthropology by Embers text, though meaning to read same never quite
got to it. I am astounded by the substantial amount of time involved in the
evolutionary process, not that I ever stopped to think about it, and one
must come away with the sense of 'and all that...for this?'. This course
should be required curriculum along with psychology, sociology, etc., but
probably won't be owing to what is, as it should be, a very humbling
educational experience for any member of the human race.
Regards,
Al Peia
[Interestingly, my intuitive (but unstudied) thoughts prior to closer

examination of the compelling subject of Biological Anthropology
remain what I believe to be the correct scenario. Specifically, very
simply stated, for the most part, the more “enlightened” (but not by
much; by mutation, accident, luck, intervention, etc.) left the
unvarying confines of their Sub-Saharan origins, experienced diverse
new environs, challenges, etc., experienced what has been described
(by neuroscientists, psychologists, etc.) as neurogenesis in varying
degrees and forms thereby over time, which trait was selected for and
is consistent with the purported multi-regional evolutionary model
which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very
humbling and sorrowful tale of the “dawn of man”.]
[Abolish the corrupt, costly, economically wasteful lifetime

extravagantly appointed federal courts - see RICO case [
naltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Don’t Tread On Me: A Refresher Course on the Constitution

BUDGET CRISIS PUTS LOS ANGELES COURT SYSTEM AT
RISK ... [Judge sends Lohan to jail for probation violation (AP) –
They got her! That globe-trotting danger / threat to society, the
infamous public enemy Lindsey Lohan. Guess she couldn’t cough
up that direct or indirect bribe. How pathetic these corrupt, kangaroo
courts are! If only she was a drug dealer, armed robber, etc., she
would have had the pre-paid connections to avoid this preposterous
(known substantial criminals walk about freely, without fear)
outcome. This, even as they are releasing substantial felons owing
to budgetary considerations. ] ABOLISH THE CORRUPT,
ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY
DIRECT OBSERVATION AND EXPERIENCE . (PREVIOUSLY
ARCHIVED) HOWEVER, THIS LATEST "CALIFORNIA/LA
DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:
Response to App. Div. OSC

STATE OF CALIFORNIA ethics complaint
Response to Sup.Ct. OSC
designation of record on appeal
The so-called "order" appealed from.
How embarrassing for the superior court of the state of california!
Typical corrupt banana republic america/california court
Dirty money digitally laundered … a wall street, atlantic city, and

american story … a very bad one and [also see RICO case
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderp
enaltyofperjury.pdf
] Fraud: It’s Much Bigger Than Goldman Sachs Regulatory
reform debate obscures key fact: Everybody’s getting money bribes
from Wall Street
Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare

moment for one to say that a sleazy hypocrite like blago, who is on
corrupt federale-connected mobster trump’s celebrity apprentice,
happens to be correct based upon facts / reality and my own direct
observation and experience and the law – Don’t forget to include
corrupt federal judges as maryanne trump barry, sam alito, shiff,
matz, 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 [
naltyofperjury.pdf
]


Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS LOST...

Depressing... [That’s why they’re called depressions (just kidding … but no
laughing matter) … At this rate, with all those lost jobs and jobseekers no
longer seeking those lost jobs that aren’t there, by their calculations (9.5%
the bright spot … riiiiight!) we should be at full employment very soon …
you can’t make this stuff up … really!].
New jobless claims rise [again]...
'Surprise'...
Pending home sales plunge record 30%...
Weak economic data suggest 'recovery' fizzling...
Fears mount over slowing global demand...
UN committee calls for dumping US dollar...
Six Months to Go Until the Largest Tax Hikes in History...
KRUGMAN: 'We are now, I fear, in the early stages of a third depression'...
'RECOVERY SUMMER' CONTINUES...
STOCKS HIT LOWEST OF YEAR...
DEBT SOARS TO HIGHEST LEVEL SINCE WWII...
PRIVATE SECTOR SEES WEAKER JUNE JOBS...
Sputtering...
Dow Loses 10% in Q2...
Fed Officials Express Caution on Outlook, Avoid Talk of Further Stimulus...
NEW CLASHES IN ATHENS...
Greeks Walk Off Job...
NEARLY 2,000 PAGES: The legislation would redraw how money flows
through economy...
Bank stocks soar … see new old opportunities for new old frauds ...
buzz aldrin wants to colonize Mars … Riiiiight buzzed! Better check with
Dipalma 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 ...
WSJNBCNEWS: Confidence Waning in Obama, U.S. Outlook...
SCARY OBAMA: 'VERY DIFFICULT CHOICES AHEAD' ON DEFICITS
CHICAGOLAND BOMBSHELL: Obama knew plot to trade Cabinet post for
appointing Jarrett to Senate -- Testimony...
RAHM DELIVERED THE LIST...
BLAGO TAPE: Get Obama to fundraise from Buffett, Gates...
Greece puts its islands up for sale in futile attempt to save economy...
DEUTSCHE BANK says US financial conditions are worse...
New home sales plunge 33%...
Record low...
CIA: AFGHAN PROGRESS 'SLOWER' THAN ANTICIPATED… Daaaaah! ...
GEN. PRAYFORUS
JUNE: DEADLIEST MONTH...
Obama's choice suggests longer troop presence...
Obama doubles down on war...
New General, Old Strategy...
President's real problem: War plan in trouble...
WIRES: Gen.'s remarks echo troubled strategy...
'Doubt among soldiers that counterinsurgency will work'...
REPORT: Traded Favors with Blago...
Sticker Shock Among Dems Jeopardizing Obama's Agenda...
CHINA TO OVERTAKE USA IN MANUFACTURING...
Canada's economy suddenly the envy of world...
Germany Rejects Obama's Call on Growth, Stoking G-20 Conflict...
States Take Aim at Pension Costs...
...Bank failure pace more than double last year
REPORT: Madoff tells cellmates of $9 billion stash... they all have them …
Cases against Wall Street lag despite Holder’s vows to target financial
fraud
FANNIE AND FREDDIE tab 146B and rising; Foreclosed on home every 90
seconds...
THOMAS SOWELL: Is USA Now On Slippery Slope To Tyranny?
DEBT RISE TO $19,600,000,000,000.00 BY 2015
GALLUP: NEW LOW FOR O, SLIPS TO 44%...
POLL: Voter support for Congress at all-time low...
GALLUP: Obama's Weekly Job Approval Rating Skid...
RASMUSSEN POLL...
Obama Approval Falls to New Low: 42%
Obama Approval Index: -20
Strongly Approve 24%
Strongly Disapprove 44%
Total Approval 42%
SPAIN: THE NEW CRISIS IN EUROLAND...
BP chairman says company cares about the 'small people'..
The 'small people' aren't big fans of comment...
32 million watch Obama speech, down 21% from last address...
House Speaker Paying $18K a Month for New Office...
GERMAN GOVT CLOSE TO COLLAPSE...
LOBOTOMY JOE BIDEN: 'I'M A POLITICAN, AND AM PROUD OF IT!' …
riiiiight joe, anything you say ...
DICK MORRIS: Obama vs. press freedom...
Spain sees credit squeeze, denies EU rescue bid...
Retail sales unexpectedly fall in May...
...plunge by largest amount in 8 months
Copter shot down in Afghanistan; 4 Americans dead...
Gates predicts tough summer, confident of gains…Oooooh! Sounds like a
plam!...
Ahmadinejad Stresses Need for 'New World Order'...
Russia, Iran in joint venture for nuclear plant...
Two more Palestinians killed by Israel wash ashore...
UN rebukes of Israel permitted in US policy shift...
DEBT POISED TO OVERTAKE GDP
WH PRESS QUEEN: JEWS GET OUT OF ISRAEL, GO BACK TO POLAND …
UPON REFLECTION, A GOOD IDEA … AFTER ALL, THE ENGLISH
BALFOUR DECLARATION WAS A PRO-COMMUNIST CONCESSION, A BAD
IDEA, AND THE CREATION OF ISRAEL U.S. DOD CHIEF JAMES
FORRESTAL OPPOSED IN 1948 AS AN AMERICA KILLER!
'Three Cheers for Helen Thomas'...
Census Worker Claims Job Numbers Being Inflated...
Bilderberg 2010: Between the sword and the wall...
Protesters 'being detained, searched, questioned'...
Final List of Participants...
Stephen Hawking: Aliens exist but don't talk to them -- it's too dangerous
… might not like us… Oh pshaw! … Human nature, man’s inhumanity to
man? … Such humble beginnings and evolutionary history … What’s not
to like? … Besides, not to worry. With their advanced technologies that
defy human understanding, the aliens already know you’re here … to stay.
So, not to worry. After all, as we know from that documentary of that same
name, ‘Earth Girls Are Easy’ … and then there’s photosynthesis on earth in
a very big way also going for it! ...
Seeing Aliens Will Likely Take Centuries. Centuries? Not goin’ to happen;
at best, decades.



Return of The No-Volume Melt-Up: Making Millions From Mowing Lawns

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INSIDER TRANSACTIONS - They’re selling … here’s why: Return of the No-

Volume Melt-Up ‘Well, the markets have managed to regain some

Momentum Book Update: Trend Indicators Still Pointing Negative

Making millions from mowing lawns [Sounds like a plan … riiiiight!]

Survey: A satisfied federal workforce (Washington Post) Indeed they

The Collapse Is Upon Us crabbydogtrix | From coast to coast, the

Dollar Devaluation and Destruction of America Pick Up Steam Kurt Nimmo |

DRUDGEREPORT: 6 troops killed in Afghanistan...

They say ‘stocks oversold’. Preposterous! Stocks have been overbought

Simon Maierhofer, On Friday July 9, 2010, 4:32 pm EDT It rarely ever

Commercial Real Estate Loans Extend and Pretend ‘…Courtesy of

MF calls for deficit cuts in US The Associated Press - WASHINGTON - The

Change and no change for UK recovery - Stephanie Flanders / The

Recession 2010? [How ‘bout depression … Now!] If you watch any

My Short-Term Market Forecast Graham Summers ‘… So while the

What's the moral of this story?

Subtle Signs - Significant Results

Rule #1: Better too Early than too Late

Rule #2: Don't Trust Wall Street and the Media

Rule #3: Don't Underestimate Cash

Rule #4: Don't Procrastinate

Rule #5: Know who to Trust

NY National Guard Involved In Mass Arrests Of U.S. Citizens It has

Ahmadinejad brands US world’s dictator ahead of summit

DRUDGEREPORT: USA marks 3rd-largest, single-day debt increase...

RESET: Russia slams Clinton for 'groundless'

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?

SEC seeking to increase investor knowledge Washington Post – Certainly

Go to following pages for above links:

You may post a comment on my blog on any topic:

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?

Go to following pages for above links:

You may post a comment on my blog on any topic:

Economists, Financial Experts: U.S. Is Trapped In 1932 Size Depression

Ahmadinejad brands US world’s dictator ahead of summit

DRUDGEREPORT: PAPER: Optimism on hold; Recovery economy falters...

Go to following pages for above links:

DRUDGEREPORT: Evans-Pritchard: It's Really Starting to Feel Like 1932

Dollar Plunges After UN Call To Ditch Greenback U.S. economy enters

China's Stocks Fall to 15-Month Low on Economy, Profit Outlook China's

U.S. Economy “Is a Complete Disaster” Yahoo! Finance | The U.S.

YEAR 9: Petraeus in Afghanistan warns of tough mission … What mission?

NY Times’ Krugman: We Are Entering The Third Depression Recessions

JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS LOST...

GOP chairman: Afghan 'war of Obama's choosing' (AP) - Republican

Israel Suspected in Bogus Claim Iran Developing Nuclear Trigger Kurt

Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS LOST...

SIX MONTHS TO GO UNTIL

From Ryan Ellis on Thursday, July 1, 2010 4:15 PM

Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sVN5aBH3

First Wave: Expiration of 2001 and 2003 Tax Relief

- The 10% bracket rises to an expanded 15%

Second Wave: Obamacare

Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sVMwYIhK

--the massive fiscal and monetary stimulus so liberally applied in 2008-2009

--The period of easy comparisons in corporate results, he says, is coming

Inflation, Deflation or Hyperinflation? (Part 2) (There are charts, but no

GREECE UNDER NEWS BLACKOUT: Here’s How An Eyewitness Describes

China's Hu Jintao Says Group of 20 Must Coordinate to Consolidate

One of those … Daaaaah! Moments … Panetta says Afghan progress

New York Times reporter calls Zionist terrorism ‘romantic’ A little-noticed

States of Crisis for 46 Governments Facing Greek-Style Deficits

The following is really the quintessential question and issue, particularly in