STOCK MARKET WIPE-OUT: DAVE'S DAILY

‘One thing president's and their handlers should learn--words matter. Obama got everyone
pretty excited on Wednesday by suggesting naively we'd have a good employment
number Friday. He probably knew the number already but was uninformed as to what
markets were expecting.’

Obama Says He Expects Strong US Jobs Report Friday By Jared A. Favole

WASHINGTON -(Dow Jones)- President Barack Obama, speaking Wednesday at Carnegie

Mellon University on the economy, said he expects strong job growth to be reported
Friday."

‘That statement posted in the afternoon Wednesday led to the late day market spike and
caused many forecasters to adjust their expectations to as high a new jobs number as
700K. Therefore, Friday's data was a major miss and disappointment. While the
unemployment rate declined to 9.7% that was only because over 300K dropped-off the
rolls into oblivion or sleeping in Central Park. Adding to Friday's stock market rout was a
new European problem child, Hungary. This was a surprise to markets and the story is
well documented by Bloomberg. So, we add the letter "H" to the PIIGS and get PHIIGS. It
does sound better anyway. While Hungary is not on the euro, the news sent the currency
briefly below 1.20. Taken together this was all a bit much for bulls to take and the volatile
day-to-day yo-yo market resumed with a vengeance. It was take no prisoners' type of
trading as those jumping aboard yesterday during the short-squeeze were quickly
stopped-out of their fresh positions. And the previous pattern of heavier volume on down
vs up days continues. Although all the calculations aren't made yet, breadth was no doubt
a 10/90 negative day...’

YAHOO [BRIEFING.COM]: ‘Sellers reclaimed control of the stock market after it had put
together solid back-to-back gains. The change in tone came amid renewed concerns about
contagion in Europe and disappointing nonfarm payrolls data. Stocks entered Friday with
a weekly gain of more than 1%, but that was dashed with this session's rout, which saw
the S&P 500 drop more than 3%. That gave the stock market a weekly loss of more than
2% -- its fourth weekly loss of more than 1% in six weeks. Market participants sold stocks
en masse upon learning that officials from Hungary stated that economic conditions in
their country are grave and that talk of default is not an exaggeration. What's more, the
country does not plan to put austerity measures in place, leading many wonder whether
the European Union (EU) will have to provide a bailout …’

Treasury Prices Soar, Post Weekly Gains As Stocks, Euro Plunge Wall Street Journal - Min
Zeng - NEW YORK (Dow Jones)--Prices of Treasury securities rose sharply Friday and
posted a weekly gain as growing worries about the global economic outlook fueled
demand for safe assets. US Indexes Fall Sharply on Jobs Data New York Times
Stocks sink on disappointing jobs report Los Angeles Times Job growth weakens in
May despite surge in census hiring Los Angeles Times - A burst of hiring of temporary
census workers and people giving up on looking for non-existent jobs helped push down
the unemployment rate in May, but the nation's private-sector employers added a mere
41000 new jobs last month, the Labor Department said Friday. Video: Unemployment
Rate Drops Thanks to Census Jobs and people giving up on looking for non-existent jobs
The Associated Press Hiring Recovery Sputters Wall Street Journal
CHART OF THE DAY: The Scariest Job Chart Ever Just Got Even Scarier We’ve dubbed
this chart the “Scariest Job Chart Ever,” as it shows how the decline in employment
is WAY uglier than in past recessions. [Well, the reason the employment decline is
way uglier than in past recessions is reality that:
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.]

Census Worker Claims Job Numbers Are Being Inflated “What they do is hire you, they
train you like a few weeks — 35, 40 hours of training and give you six hours of
productive work and lay you off.” a former Census named “Maria” tells FOX News.
“Maria” further explains they rehire you so it counts as a new job. Government
Jobs Account for 95% of May Job Increases Employers in the U.S. hired fewer
workers in May than forecast and Americans dropped out of the labor force,
showing a lack of confidence in the recovery that may lead to slower economic
growth.

Euro Falls Below $1.20 on Fresh Debt Fears The euro dropped to its lowest level in four
years after a weaker-than-expected U.S. jobs report added to fresh concerns over euro-
zone sovereign debt, leading investors to file out of riskier assets. U.S. National Debt
2010 So just how big is the U.S. national debt in 2010? Well, according to the U.S.
Treasury Department, on June 1st the U.S. National Debt was $13,050,826,460,886.97.
Got Gold? Head Of IMF Policy-Steering Committee Says Fund Needs $320 Billion To Be
“Properly Resourced” Those observing the emperor’s lack of clothing are multiplying.
Earlier today, someone opened their mouth, and remarked on the blatantly obvious.

Say goodbye to full-time jobs with benefits CNNMoney | Many of the jobs employers are
adding are temporary or contract positions, rather than traditional full-time jobs with
benefits. U.S. Jobs Report Compounds Europe’s Woes Wall Street Journal | European
stocks slumped as a disappointing U.S. jobs report added to worries about the health of
the European economy.

Goldman bet $35m against California (at Financial Times)

I don’t consider myself naïve and do concede that there is typical “good old boys,
sometimes even criminal contriving and conniving done that excludes some and includes
others (that certainly is a bill gates story)”, but I don’t buy what I believe they would want
you to believe that they are more than the incompetent vegetables that they indeed are.
After all, look at the state of the world and getting worse by the minute. They are just ‘f***-
ups’, plain and simple. Some indeed are ruthless (war) criminals, ie., kissinger, etc., but
not earth-shatteringly so, though collectively they do have a negative effect, but
predominantly because they are simply incompetent vegetables / ‘f***-ups’ . Bill Gates To
Attend 2010 Bilderberg Conference Microsoft founder Bill Gates will join fellow elitists for
the first time at the 2010 Bilderberg conference currently taking place in Sitges Spain, after
he apparently attempted to pull a bait and switch by pretending to attend another event
before being forced to admit to journalists that he will give a speech at the globalist
confab. Large Protests, Extensive Media Coverage Signifies Awakening To Bilderberg
Agenda Large protests and extensive media coverage of the 2010 Bilderberg meeting in
Spain indicates that the world is finally waking up to the secretive agenda of the elite
group. Bilderberg 2010: Prisonplanet.com Master Page This is a master page with links
to articles, videos, pictures and coverage of the secretive Bilderberg meeting, taking place
over the 3-6 June 2010 in Sitges Spain. Bilderberg 2010: Video Of Protests Large
numbers of protesters have gathered outside Hotel Dolce in Sitges, Spain, where the
annual meeting of Bilderberg Group is taking place. Research Links Genetically
Modified Food To Long Term Sterility A new study done by Russian scientists suggests
that Genetically Modified Food may cause long term sterility, that is, sterility in second
and third generations. Bilderberg See People With Income As “A Threat” To Their
Agenda An astounding exchange between Bilderberg conference organizers overheard by
a London Guardian journalist reveals that the elitists currently gathering at the Hotel Dolce
Sitges in Spain see people with income as “a threat” to their agenda, highlighting the fact
that the globalists are intent on eviscerating the middle class and lowering living
standards.

(6-4-10) Dow 9,931 -323 Nasdaq 2219 -84 S&P 500 1,065 -38 [CLOSE- OIL
$74.61 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.05 REG./ $3.26 MID-
GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,217 [video] Gold
Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER
$17.51 (+47% for year 2009) PLATINUM $1,526 (+56% for year 2009) /
DOLLAR= .83 EURO, 92 YEN, .69 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.20% …..… AP Business
Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly
Recap – Stocks / Bonds / Currencies - Domestic / International This
Is a Secular Bear Market and The End of Buy and Hold … and Hope
MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD
PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6
Theories On Why the Stock Market Has Rallied 3-9-10 [archived
website file] Risks Lurk for ETF Investors The bull market that
never was/were beyond wall street b.s. when measured in gold
Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The
Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010
01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE
COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer
(01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-
22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not
Going To Recover Current Economic / Fiscal Charts
Trendsresearch.com forecast for 2009 1-7-10 Crash is coming!
‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic /
Financial Data This Depression is just beginning The
coming depression… thecomingdepression.net MUST READ:
JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850
on the S&P) by TPC The Next Wave of Collapse is Coming Sooner
than you think Sliding Back Into the Great Depression
ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS
WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

All relevant economic / financial data was worse than expected … (6-3-10)
stocks rallied (rallies on good, fake, and bad news alike are what bubbles
are made of … as are consequent crashes) … oh, almost forgot the higher
oil part of the bull ‘story’.
The End of Buy and Hold ... And Hope Brian Rezny (I was going to insert
his charts in this synopsis but there are just too many good ones and they
are a must see so go to his article, not just because I agree with much of
what he says though he’s light on that ‘depression thing’ and overly
optimistic as such, but because he is smart – You may click here for
archived version) ‘… Buy and hold investing is a popular strategy, and the
thinking is straightforward: in the long run, the market will offer returns, in
spite of short-term volatility. In theory, this is a sensible idea.
Unfortunately, this approach does not work in today’s market. Why not? Of
course, the market is down for this month. But that’s not the reason this is
not a buy and hold environment. It’s not just about the recent correction, or
the end of a market rally. The current trend fits into a much bigger
picture… and it’s a picture of a long-term bear market. Secular markets are
long-term trends, typically lasting about 18 years. Secular bull markets
generally see stocks return at least 20% for the duration, while secular bear
markets see stocks decline at least 20%. And these secular trends are
interspersed with shorter, cyclical bull and bear markets. From 1982-2000
we experienced a secular bull market: in that period, stocks offered a
return if you bought and held for the duration … (chart) … But since then?
We have been in what I call a secular bear market. As you can see below,
an investor who bought into an index that tracks the S&P 500 as this trend
began in 2000, has experienced a negative return. And based on the typical
length of a secular bear, we could have several more years to go in this
trend … (chart) And it’s not just over the last 30 years that this cycle has
occurred. We can look back over the last century and see a continuum of
secular markets, with bear trends starting in 1901, 1929, 1966, and 2000…’

YAHOO [BRIEFING.COM]: A barrage of economic reports provided plenty

of catalysts for trade, but broader market muddled along for most of the
session. Large-cap tech led the Nasdaq to a strong gain, though. Market
participants got a preview of tomorrow's pivotal nonfarm payrolls report
with the release of the May ADP Employment Change report, which
indicated that private sector payrolls increased by 55,000 last month.
However, that was actually weaker than the 70,000 increase that had been
widely expected. Initial claims for the week ended May 29 totaled 453,000,
which is on par with the 455,000 initial claims that many had come to
expect. Continuing jobless claims climbed to 4.67 million, which is more
than the 4.61 million that had been expected. The ISM Services Index for
May came in at 55.4, which is in-line with expectations for a reading of 55.6.
Factory orders for April increased 1.2%, which is a slower rate than the
1.7% increase that many had expected. In other economic news, first
quarter nonfarm productivity increased of 2.8%, which is less than the
expected 3.3% increase. Unit labor costs for the first quarter fell 1.3%,
which is a softer decline than the 1.6% drop that had been widely expected.
There was an underwhelming response to the large dose of data. Corporate
headlines, which were generally limited, also did little to inspire. Roughly
half of the monthly same-store sales reports in Briefing.com's coverage
universe missed expectations. That left the group to lag the broader market
for the better part of the session and finish with a fractional gain…

Reuters headline: wall street advances as tech soars … This harkens back
to the dot.com days and I can personally attest to the fact that any
thoughts that tech will save us, tech’s the thing, along with the next new
tech thing is preposterous and without foundation so lacking is the same
in terms of utility / added value except as to the greater efficiency with
which the churn-and-earn commissionable wall street frauds are
consummated.

Oct 31, 2009 ... or surplus, as a percentage of GDP ... USD in Millions.
Robert D. Arnott ... GSEs, the total public debt is now at 141% of GDP. ...
www.researchaffiliates.com Nov 23, 2008 ... But state and local debt as a
share of GDP has quadrupled since 1945, ... as a percentage of the overall
economy, recently exceeding the GDP for the first time ever. ... Rob Arnott
is chairman of Research Affiliates ... Robert Arnott ‘… the latest 12
months saw our public debt and unfunded obligations grow by 18% of
GDP! No wonder the debt seems to have grown crushingly large. It’s
noteworthy that, if a company computes its debt by ignoring off-balance-
sheet and unfunded obligations, the management team wins an allexpense-
paid extended holiday at Club Fed. Enron, anyone? But, if you write the
laws, you can allow yourself these games. In emerging markets debt
investments, managers are wary of sovereign credits when their deficits
approach 5% of GDP. Yet here we are, after measuring on a more
economically accurate level, running at twice this worrisome warning
level… for over 25 years. The Debt If we borrow more than we earn for such
an extended period of time, the debt picture won’t be pretty. It’s not. At 60%
of GDP, the United States ranks about 25th in the world for indebtedness.1
But that’s not the whole story. To get the complete picture, we need to
factor in state and local debt and GSEs. Note that most other (particularly
developing) countries don’t have layers of autonomous public entities of
this sort. Adding federal, state, local, and GSEs, the total public debt is now
at 141% of GDP. That puts the United States in some elite company— only
Japan, Lebanon, and Zimbabwe are higher. Add in household debt (highest
in the world at 99% of GDP) and corporate debt (highest in the world at
317% of GDP, not even counting off-balancesheet swaps and derivatives),
and our total debt is 557% of GDP. Less than three years ago, our total
indebtedness crossed 500% of GDP for the first time. As Figure 2 shows,
apart from the shadow banking system we are most assuredly not
deleveraging. Direct debt is rising, not falling. Add in the unfunded portion
of entitlement programs and we’re at 840% of GDP. Yikes. No wonder the
debt burden feels so crushing. What can’t happen, won’t happen. If we
can’t afford our direct debt, we surely can’t afford our unfunded
obligations. The stroke of a pen can take these programs to “means
testing.” If retirees cannot enjoy Social Security or Medicare reimbursal
until their savings are drained, the unfunded obligations disappear. This
still leaving us true, direct debt of 5½ times our income. It is a daunting
figure. How many people do you know that have owed five times their
annual income and suffered no adverse consequences? …

Summer Streets Of Rage Predicted For Europe & U.S. Top historians,
social and financial analysts, along with police bodies are all predicting
that Europe and America are set to experience a summer of rage, with
scenes mirroring the chaos we have seen unfold in Greece in reaction to
draconian austerity measures now being imposed by governments in the
west Deflationary Depression and Purging To Come What now that
stimulus packages are ending, money set to plunge, market control by
insiders has to end, Fed doesnt need a monopoly, bond sales down, still
high expectations for gold. Strategic Defaults: Is It Morally Right To
Decide To Simply Stop Paying Your Mortgage? In 2010, record numbers of
Americans are defaulting on their mortgages. For most of them, it is
because they simply cannot afford the mortgage payments any longer.

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.

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

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

Self-publishing turning book world on its ear (Christopher Null)

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

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.

Israeli Forces Threaten to Board Gaza Aid Ship Voice of America Photo:
AP Israeli forces have said they will board a cargo ship carrying aid if
it does not divert from its course to the Gaza Strip. Video: Gaza aid
ship rejects Israeli compromise ITN NEWS Video: Gaza aid ship
rejects Israeli compromise ITN NEWS Israel threatens to board
Gaza-bound aid ship AFP

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.

Israeli navy boards Rachel Corrie in MediterraneanJERUSALEM: The Israeli

navy boarded another aid ship bound for Gaza on Saturday, as
Washington condemned as "unsustainable" a blockade which Israel
enforced earlier in the week by killing 9 people aboard a Turkish
vessel. Israeli warships shadowing new Gaza-bound ship —
activists 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.

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’.

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.

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.”

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 [
 http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpe
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 ...

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
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
] 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 [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpe
naltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]

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

Drudgereport: 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!
Census Worker Claims Job Numbers Being Inflated...
Cops: Man killed kitten after animal unplugged his video game...
DREAD IN THE MED: ISRAEL CONCERNED TURK NAVY WITH NEXT
FLOTILLA
Japanese prime minister intends to resign over U.S. Marine base...
Developing...
Activists send new boat to challenge blockade...
Irish ship latest to try and breach embargo...
Thousands of Gazans rush for Egyptian border...
Turkey Slams u.s. Response as american war criminals they are ...
...Israeli gov't defends the Indefensible because they’re war criminals
'Next time we'll use more force'...
Ahmadinejad: 'israeli commandos are wild dogs (yes, they they are mad
dogs)'...
...wants Netanyahu to (and netanayahu should) face trial
US consulate issues advisory for Israel...
JERUSALEM POST News Feed...
Israel faces int'l fury over flotilla...
Bloody raid...
Turkey warns of 'consequences'...
Israel in eye of storm...
Thousands protest, clashes in Athens...
Paris: Demonstrators tried to break into Israeli embassy...
Oil sheen confirmed less than 10 miles from Florida beach... Developing...
Robots succeed, cut well pipe; oil gushes into Gulf...
Gulf oil spill threat widens, BP shares drop...
WHITE HOUSE: FLOW RATE OF BP'S SPILL COULD INCREASE BY 20%
DURING NEW OPERATION...
'OIL COMING UP UNTIL AUGUST'...
Israel recoils as USA wisely backs UN move...
DAY 41: NO END IN SIGHT...
U.S. Plans 'for Worst' in Gulf...
Czech President: Euro Zone has failed...
Feds Telling BP 'What to Do'...
Latest Attempt by BP to Plug Oil Leak in Gulf of Mexico Fails...
BP now throwing GOLF BALLS into the oil well...
Prepares Backup Plan...
Pelosi blames Bush admin...
Parish President: Obama 'Chewed Me Out'...
BP Buses In 400 Workers During Obama's Visit...
Maher: Obama Not Acting Like A 'Real Black' President...
'mafia king cuomo' Mocked At NY Convention...
Dow Average Ends Worst May Since 1940... Brutal...
Credit rating cut deals blow to Spain... Debt Burden...
WARS: US Prepares for Largest Battle in Afghanistan...
PAPER: Israel to deploy nuclear submarines in Persian Gulf...
Bankruptcy talk spreads among California muni officials...
BP Resumes Effort to Seal Oil Well After Daylong Halt...
Stops video of leaking pipe, blames dirty lens...
Spill could be twice the EXXON Valdez...
22-mile-long deep-sea plume discovered...
Oil washes over 100 miles of Louisiana coast...
Obama to Americans: Go to beaches; most still open...
Landrieu: President will pay political price...
Issa: Job offer scandal could be Obama's 'Watergate'...
'Top Kill' Operations Start in Attempt to Plug Leaking Gulf Oil...
Spill hits over 100 miles of Louisiana coast...
[video] A Summer Of Slumping Stocks
CHINA WISELY SHOULD SHIELD NKOREA
NKorea bracing, severing all ties with South....
New Chinese aggression..
Israel drill raises tensions...
CBSNEWS POLL: Americans Pessimistic, Dissatisfied with Washington...
MOODY'S: Debt Level, Spending Pose Risk to America's Aaa Credit
Rating...
Another Vacation? Obama schedules second since oil spill...
Withdrew to Grove Park Inn & Spa as flow began to grow...
BUT makes time to host fundraiser for Boxer...
FINALLY: Bows to pressure: Will visit Gulf Coast during vacation...
BUT Will skip Memorial Day ceremony at Arlington Nat'l Cemetery... ONLY to return for
Paul McCartney concert!
SYRIA: Obama has failed in peace efforts; Lost influence in Mideast...
RASMUSSEN: OBAMA APPROVAL DROPS TO 44%...
Dem Freshmen Run Away...
63% Now Favor Repeal of HealthCare Law...
READY FOR NEW ‘GULF OF TONKIN’ / WAR...
US plans naval exercises with SKorea...
Gold Rising; Speculators buying faster than producers can mine...
US Plays Down European Crisis but China Worried...
Immelt: European economy 'teetering'...
wobama’s wet dream with new jive of New “International Order” despite
nation’s defacto bankruptcy and policies that have left allies defacto
bankrupt as well in jive session At West Point Uses teleprompters...
Tepid applause from cadets: Cuts 'That's a lot of cheering' line from prepared remarks …
Sestak confirms WH job offer to get out of Senate race … to save specter
whose specter is no more in those hallowed halls he sullied as less than
inspector specter from JFK assassination, to financial assassination of the
nation, etc. ... ...
Anger mounts as oil blackens Louisiana coast...
GOP takes House seat in Obama's Hawaiian home district..
Crisis Imperils Benefits Long Expected by Europeans...
Britain faces aggressive cuts in 'age of austerity' having leapt like
lemmings into american oblivion ...
France poised to raise retirement age...
Fiscal crises threaten Europe's generous benefits...
SPAIN SEIZES SAVINGS BANK IN RESCUE BID AS TALKS FAIL...
Public beach in Louisiana closed as oil washes up...
Mass layoffs spike led by manufacturing...
Report: CA borrowed $7 billion from feds to pay jobless benefits...
Nine NY workers retired with $100k+ pensions -- in their 30s...
Stocks Drop Most in a Year on Economic Reports, European Debt Crisis...
Roubini: Stocks to Tumble Another 20%, Cash the Safest Place...
Strains Accumulate...
Fed official: Europe's crisis poses risks to USA...
Confusion over regulation moves trigger sell-offs...
Unemployment spike largest in 3 months...
German Finance Minister: Markets Out of Control...
Greeks strikers march on parliament against cuts...
Rand Paul wins KY Senate race…Specter loses...
Grim milestone: 1,000 Americans dead...
DEMSASTER: SENATE CANDIDATE 'LIED' ABOUT SERVING IN VIETNAM
DOW AT SAME LEVEL IT WAS -- 10 YEARS AGO!
Bankruptcies resume upward path...
Mortgage delinquencies, foreclosures break records...
State pensions becoming federal issue; Bail-out cost potentially more than
$1T...
Greece May Take Legal Steps Against U.S. Banks for Crisis...
Euro Breakup Concerns Grow...
Germans lose faith...
Merkel: Rescue package 'just buys time'...
Roubini Says Greece 'Tip of Iceberg' as Sovereign Debt Threatens
Recovery...
Geithner: 'I Never Had A Real Job'… sounds like a plan!...
Tent City In New York Set Up In Hopes For Elevator Job... camped out
for 3 days for chance at getting an application
NATIONAL ENQUIRER CLAIMS OBAMA CHEATING SCANDAL...
'Hotel security video could topple Obama's presidency'...
GOLDMAN BOSS VISITED WHITE HOUSE AT LEAST 4 TIMES...
GOLDMAN SACHS CEO endorses Dem Banking Bill: 'Wall Street will
benefit'...
GREECE CUT TO JUNK... Doubts intensify... Spreads to Portugal...
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.

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