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U.S.

ECONOMIC DATA JUST ISN'T BULLISH Bullish commentators are grossly distorting recent US economic data to support their case that the US economy is in some sort of V-shaped recovery. The reality is that the economy is still largely flat on its back and facing at best a slow recovery, and at worst a second downturn as global deleveraging becomes essential to halt the rise in government debt. Take the Bloomberg headline on orders for durable goods last week. It trumpeted the 2.8 per cent rise in bookings excluding cars and aircraft as the ‘best result in four years’. CARS AND PLANES CRASH Fine, except that when you include those not inconsiderable items – automobiles and planes – then total orders actually dropped by a completely unexpected 1.3 per cent due mainly to a 67 per cent crash in commercial aircraft orders. Now the same distortion also applied to the US new homes data. The headlines focused on the one-month 27 per cent jump in March to an annualized 411,000 homes. Great except that this bounce came off the all-time record low of 324,000 in February, and was supported not only by better weather but by the $8,000 tax break that expires at the end of this month. So you might argue that US new home sales touched their pitifully low bottom in February, the worst figure in more than 60 years. But this is still a terribly depressed level for one of the motors of the US economy. And to try to claim that a V-shaped recovery is expected from one month’s data is just bullish nonsense and cannot be done. If the bulls are sinking this low to prove their case what does that tell us? It surely signals that the rally in stocks is well, well overdone and due for a correction. What would it take now to stop this thundering herd? HERD MENTALITY The pictorial analogy is surely the herd of buffalo heading towards the edge of the cliff – perhaps being corralled by Indian hunters. They would now be the market professionals who can go short at the touch of a button. What does it take to push this lot over the edge? Not usually very much. Indeed, herds of buffalo will fall over the edge due to the weight of the animals behind them. By rounding up the last bears and strays and driving them into the bull camp Wall Street is setting us up for a huge market reversal when it comes. The bullish argument is that it just has not happened and so it never will. The bearish lesson from experience is that the bulls are loudest just before the crash – although their arguments are woefully misleading on any rational analysis like just now – and that what has to obviously happen almost always does. Only if you exclude US automobile, aircraft and house sales can the current US economic date be presented as positive. How bullish is that? Goldman executives cheered housing market's decline, newly released emails show Washington Post - Zachary A. Goldfarb As the US housing market started to slide, executives at the most legendary investment

bank on Wall Street, Goldman Sachs, were trading e-mails in which they cheered the declines, even when those declines meant some of their ... Goldman's Tourre Foresaw Subprime Chaos, Emails Show Wall Street Journal Lloyd Blankfein. King of Wall Street defiant under seige The Guardian Goldman Sachs prosecution boosts case for US financial reform The Guardian Goldman Execs Sold Shares After Fraud Notice: Report ABC News Goldman e-mails show how crash turned into cash (AP) E-mails Show Goldman Execs Boasting as Housing Meltdown Unfolded Goldman Sachs’ top executives were aware that the company made money by playing against the US housing market, according to internal e-mails released Saturday. Geithner: 'I Never Had A Real Job'… sounds like a plan!... Go to following pages for above links: http://www.albertpeia.com/currentopics2ndqtr10108.htm http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm http://www.albertpeia.com http://www.albertpeia.com/alresume.htm Geithner: 'I Never Had A Real Job'… sounds like a plan!... GM Used Bailout Money to Repay Loan Fox News | A top Senate Republican on Thursday accused the Obama administration of misleading taxpayers about General Motors’ loan repayment. For nations living the good life, the party’s over, IMF says In the lingo of the International Monetary Fund, the future of the world hinges on “rebalancing and consolidation,” antiseptic words that would not seem to raise a fuss. Facebook Steps Up Lobbying, Deepens Ties with Intelligence Agencies, FTC Facebook is a CIA cutout that’s frantically lobbying for privacy legislation to remain lax so that it can continue to run its various intelligence operations on the platform. 18 veterans kill themselves every day: report The suicide rate among war veterans is extraordinary, new data reveals. Launch of secret US space ship masks even more secret launch of new weapon Somewhere above earth is America’s latest spaceship, a 30ft craft so classified that the Pentagon will not divulge its mission nor how much it cost to build. 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? What’s not to like? Such humble beginnings and evolutionary history … Besides, not to worry. With their advanced technologies

that defy human understanding, they 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 in a very big way also going for it! ... Global Bank Conspiracy RTAmerica | What is being proposed, and has been falling into place for some time, is the framework for an unelected global authority with powers above and beyond those of sovereign governments. Senator Graham’s Gay Scandal Goes National and Viral ALIPAC | ALIPAC’s William Gheen called on Senator Graham to be honest about his homosexual lifestyle to assure that Graham’s desire to keep it a secret could no longer be used by political insiders to manipulate his behavior. Arizona Gov. Signs Illegal Immigration Bill Infowars.com | Soaking Arizona’s tax payers apparently does not fit in Obama’s “basic notions of fairness.” $338.3 Billion Paid to Service America’s Illegal Aliens Warner Todd Huston | Free schools, free medial care, free Medicaid, free food, free social services, it’s a veritable cornucopia of freebies streaming out of our various government’s coffers to these people who broke our laws to get here and are breaking our laws to stay. Gerald Celente: Financial Reform Is Just a Show Bullsource | Trends forecaster Gerald Celente gives his analysis on Wall Street regulation, including problems with the finance reform bill. Iran Sanctions an Act of War Ron Paul | We need to see all this for what it is: Propaganda to speed us to war against Iran for the benefit of special interests. Saboteurs hit Iraq’s northern oil pipeline, halting exports Oil and Gas Journal | Iraqi oil exports have been cut due to sabotage along the northern pipeline system, according to officials who say repairs could take up to a week. String of bombs in Iraq follows leadership losses for insurgency Dallas Morning News | A series of bombings struck mainly Shiite areas of Baghdad and a western province on Friday, killing at least 69 people and demonstrating a resilient insurgency after the recent killing or capture of several militant leaders. The McVeigh Tapes: A Fairy Tale Designed to Demonize the Patriot Movement Kurt Nimmo | MSNBC’s “documentary” is remarkable for its omissions. BAD APPLES: Spitzer on Cuomo: He's Driven, Often by Politics... Spitzer (he did appoint mob-man cuomo) on mob-connected cuomo: He’s Driven, Often by Politics … Come on! Call a spade a spade. Cuomo like father are owned by the mob … nolle pros the wops, the story of mobman cuomo’s prosecutorial life – you won’t see him bringing cases against ny’s pervasive mob families / crimes … Mr. Spitzer spoke in some detail about the private confrontation between the two men after an investigation in 2007 by Mr. Cuomo found that the Spitzer

administration had improperly used state troopers to gather information about travels on state aircraft by the Senate majority leader, Joseph L. Bruno. That clash is also described in a new book, “Rough Justice: The Rise and Fall of Eliot Spitzer,” by Peter Elkind. Mr. Spitzer suggested that Mr. Cuomo gave Mr. Bruno a pass. “Andrew wrote a report that was designed to entirely whitewash one side of it, and tee up the other side as a major issue,” Mr. Spitzer said. “And he lost all sense of both proportion, and I think it was driven by politics.” After Mr. Spitzer’s aides began to challenge Mr. Cuomo’s conclusions, Mr. Spitzer said, Mr. Cuomo threatened to reopen the investigation if the governor’s staff criticized him — a threat that Mr. Spitzer called extortion and that Mr. Cuomo has denied. Mr. Spitzer made his reputation as an innovative and zealous (some would say overzealous) pursuer of Wall Street wrongdoing. He faulted his successor for dropping one of his signature cases: the lawsuit seeking repayment of some of the $140 million in compensation awarded to Richard A. Grasso … Go to following pages for above links: http://www.albertpeia.com/currentopics2ndqtr10108.htm http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm http://www.albertpeia.com http://www.albertpeia.com/alresume.htm

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? What’s not to like? Such humble beginnings and evolutionary history … Besides, not to worry. With their advanced technologies that defy human understanding, they 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 in a very big way also going for it! ... China’s Population Control Program to Begin Sterilization Sky News | Health authorities are planning to sterilise nearly 10,000 people in southern China over the next four days as part of a population control program. Editorial: Greek woesAlthough the International Monetary Fund and the EU are upping their support for the struggling Greek economy, there is a clear lack of confidence that the Athens government is capable of instituting the expenditure cutbacks and revenue boosts essential to stop the country’s finances spiraling out of control.

Sadr rallies followers to defend mosques BAGHDAD: An influential antiAmerican Shiite cleric called on his followers to defend themselves and places of worship after deadly Baghdad mosque bombings but urged self-restraint to avoid giving the US military an excuse for postponing withdrawal plans. UK ordered to pay $650 mn to Iran An arbitration court in The Hague has ordered the British government to refund $650 million to Iran over an outstanding 1970s arms deal. Guantanamo and Habeas Corpus: Judge Rules Yemeni’s Detention Based Solely on Torture These accounts, sadly, fit a pattern of torture and false confessions that only becomes clearer as time passes and more evidence is revealed, and they also confirm that the two men described above were amongst the 94 prisoners — many still unaccounted for — who were held in secret CIA prisons and subjected to particularly brutal treatment. All in the name of Zionism israel is a zionist state (and not a secular democratic state as often foisted off on the american if not world for public consumption). Everybody knows that. There is no (jewish) politician in Israel who misses an opportunity to repeat this. Last week, when we celebrated the 62nd Independence Day, we were flooded by a deluge of patriotic speeches. Each of the Ciceros, without exception, declared his total commitment to zionism. By the way, when it comes to the zionist character of israel, there is complete agreement on this between the leaders of israel and their enemies. Abbas urges Obama to 'impose' peace deal RAMALLAH, West Bank: Palestinian President Mahmoud Abbas urged US President Barack Obama on Saturday to impose a Mideast peace deal, signaling the Palestinians' growing frustration after nearly two decades of failed negotiations with israel.

BUDGET CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ... 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 ] 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) [see RICO case ] DRUDGEREPORT: Geithner: 'I Never Had A Real Job'… sounds like a plan!... GOLDMAN BOSS VISITED WHITE HOUSE AT LEAST 4 TIMES... Stocks Rise as Banks GAIN after Obama speech... Republicans Block Start of Debate on 'Bailout' Bill... Arizona illegal immigration bill becomes law... READY TO ARREST... 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? What’s not to like? Such humble beginnings and evolutionary history … Besides, not to worry. With their advanced technologies that defy human understanding, they 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 in a very big way also going for it! ... Obama Vows Overhaul... Dems may rush immigration reform effort in Congress... POLL: 70% of AZ voters favor new law cracking down on illegals... Hispanics fear profiling... Small Riot Breaks Out in Phoenix... White man 'stabbed and beaten to death by his black neighbor'... Chomsky Warns of Rise of the 'Far Right' in USA... Faber: Governments Will 'Bankrupt Us'... GOV'T AT WORK: SEC STAFF SURFED PORN FOR HOURS... FRAUD! ON TAXPAYER COMPUTERS... FLASHBACK: Porn surfing rampant at U.S. science foundation...

BLAGO MOVES TO SUBPOEANA OBAMA! Redactions revealed: Six secrets from supboena request... Budget crisis puts Los Angeles court system at risk… abolish the corrupt, economically wasteful so-called court system, from my direct observation and experience . Food costs jump most in 26 years... Greek debt crisis gets worse as EU revises figures... STRIKE TAKE VAT! VALUE ADDED TAX FOR USA Obama's GOLDMAN Money Draws Scrutiny... WILL HE RETURN $994,795 IN CAMPAIGN CONTRIBUTIONS? Reid dodges questions on Goldman $$$... EVEN OBAMA'S NEW $100 BILL LOOKS EUROPEAN... Might as Well Be a Euro... German troops in Afghanistan call on Merkel to explain why they're at war... BIDEN RIPS WALL ST 'GREED'... GOP DEMANDS RECORDS OF SEC CONTACTS WITH WHITE HOUSE, DNC, NYT PAPER: America's disastrous debt is Obama's biggest test...

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