Seeking Alpha/ author: Matt Phillips Robert Shiller, whose earnings

ratios Journal reporter E.S. Browning wrote about back in late May:

Prof. Shiller tracks P/E ratios back to the 19th century,

smoothing out short-term ups and downs in profits by using a
10-year earnings average. Even after the May declines, his P/E
ratio still is almost 20, well above the historical average of
about 16.

For the record, Shillers P/E ratio is still about 20 as of the first month of
June. So at least on that basis, Shiller would argue that stocks really arent
cheap yet

Seeking Alpha/ author: FundKing the trend is definitely not

comforting There is no doubt that GDP growth rates and corporate
profits will slow for the rest of the year

Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case The cost of
fixing Fannie Mae and Freddie Mac, the mortgage companies that last
year bought or guaranteed three-quarters of all U.S. home loans, will
be at least $160 billion and could grow to as much as $1 trillion after
the biggest bailout in American history. EU leaders to thrash out
multi-billion pound rescue package for Spain as it faces bankruptcy
EU leaders are meeting this week to thrash out a rescue package for
Spain as its economy teeters on the brink. BPs Major British
Shareholders Are Ditching The Company While American Ones Are
Staying Anti-BP rhetoric has been understandably more fierce in the
U.S. than in the U.K.. France Wows Skeptics With A 100 Billion Euro
Austerity Plan While Frances credit rating so far has remained under
relatively light criticism, as compared to many other Eurozone
nations, the nations budget deficit this year isnt pretty at 8% of GDP.
Moodys Cuts Greece Government Ratings to Junk Reuters | The
agency downgraded the rating by four notches to Ba1, placing it one
notch into junk status. Volcker Warns: We Are Running Out Of
Time MoneyNews | America is running out of time to fix its huge
economic and fiscal problems, warns former Fed chair Paul Volcker,
who now heads a financial advisory board to President Obama.
Economist Predicts Greece Will Default in August Economic Policy
Journal | Greece will eventually default on its debt because the country
is highly indebted, said Carl Weinberg, chief economist at High
Frequency Economics.

Gaza Aid Ship Departs Iranian Port Kurt Nimmo | Iranian official in charge of
aid to Gaza says convoy participants may become martyrs. Obama
Compares Gulf Oil Spill To 9/11 Tragedy Mark Matheny | Our current
Dictator in Chief and his cronies will certainly play the crisis fiddle for all
its worth. Central Bank Hid Housing Market Crash Forecast
Infowars.com | Financial elite covered-up imminent global housing collapse
year before it happened. The 51st Police State: U.S. National Guard
being used to fight crime in Puerto Rico Andrew Steele | Establishing the
precedent of using the military in police actions as Puerto Rico slowly
transforms into a U.S. state will allow the practice to carryover once the
transition is completed. Not if Puerto Rico is smart, in which case they will
seek independence.

(6-14-10) Dow 10191 -20 Nasdaq 2243 +0 S&P 500 1,090 -2 [CLOSE- OIL
$75.13 (-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 $1,226 [video] Gold Surges
Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.41 (+47% for
year 2009) PLATINUM $1,535 (+56% for year 2009) / DOLLAR= .81 EURO, 91
YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 3.26% .. 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 GRANTHAMS
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!

$34 Billion Asset Manager Says Market Prices Are Manipulated, Accuses
NYSE Of Intellectual Property Theft, Debunks HFT Liquidity Provider
Lies As part of the SECs process to fix the broken market, it is
currently soliciting public feedback on a variety of issues. Why it is
doing so, we dont know after all anything that does not conform to
the SECs preconception of what the most lucrative market to the
 SECs recent batch of clients (see earlier news about an SEC director
going to HFT specialist Getco) is, just ends up in the shredder anyway

ECONOMIC TRAIN REROUTED TO FLAT LINE author: Steven Hansen When Fed Chairman
Bernanke this week stated to Congress that the economy appears to be on track to
continue to expand through this year and next. I was wondering if Chairman Bernanke
had a different set of indicators he was reviewing ... The economic train seems to have left
the moderate expansion tracks. It was moderately expanding through March. In April
2010, a noticeable change in consumer spending data began. For me, it is telling that this
indicator is dropping so dramatically so soon after recovery from the Great Recession of
2007 ... This brings into question the long term benefits of economic measures to
stimulate the economy when no simultaneous action is taken to remedy the underlying
defects which triggered the recession. What is a bigger concern is that stimulus tends to
mask the underlying currents so that we are surprised at the economic direction when the
stimulus expires. And economic cheerleading creates long term distrust if v or moderate
recoveries are not delivered. In the same address to Congress, Chairman Bernanke
warned that the the US budget must be brought under control. You can thank Europe and
Japan for making a bigger mess of their budgets or the sucking sound you would be
hearing would have been the dollar and the USA economy crashing. There is no question
the current economic path we are traveling is creating unnecessary headwinds
The coincident indicators are starting to flat line.
The biggest flat line of them all is the initial unemployment claims. The biggest stimulus of
all time combined with quantitative easing and ZIRP and the unsuccessful actions of all
the Kings men is not stopping the unusually high plateau of job losses. The 4 week
moving average was up slightly for the week ending June 5. The graph below is the
unaveraged initial claims One of the more surprising April 2010 data points was the
slight contraction ($1 billion) of international trade MoM. This came despite growth in
outbound container counts which I use as an advance proxy for international trade.
Imports declined about the same as exports. A flat line of imports and exports is not
saying we have a moderate recovery underway there is a lot of evidence now building
against a 'moderate' growth scenario
Consumer Credit Declines In April At a 4% Annual Rate
Growth of consumer credit has been the driver for economic growth since the end of
WWII. The finance industry has continued to fine tune its methods so that it becomes
easier and easier to to buy what we want today whether we can afford it or not. Consumer
spending accounts for 2/3rds of the economy. We know the economy is growing if
consumer credit is growing as consumers are spending more money then they earn.
For April 2010 the Federal Reserve advised:

Consumer credit increased at an annual rate of 1/2 percent in April 2010.

Revolving credit decreased at an annual rate of 12 percent, and
nonrevolving credit increased at an annual rate of 7 percent.

This month the Fed's statement is wrong March is the low month of the year while
December is the high month. This has been true since 2000. Using the average growth
between March and April since 2000, the April 2010 growth was short 0.36% MoM or 4%
if annualized. Combine this with:

Personal consumption expenditures for April 2010 released by US Census which

showed a zero MoM growth
Very mediocre retail sales for April 2010 which showed on an unadjusted basis a
MoM drop from $369 billion to $ 365 billion.
The major reason for the credit contraction in April was a contraction of revolving credit
(credit cards I assume this was caused mostly by bank write-offs). Non-revolving credit
(cars, mobile homes, etc) has remained in a tight range since the 4Q2007, and did increase
very slightly MoM.
Retail Sales for May
The Census believes retail sales were off 1.2% MoM in May 2010 according to their
advanced adjusted data. The unadjusted data is telling a far worse story. Even though the
April retail data was weak, the USA was showing a closing with the pre-recession levels.
May data now shows a widening retail sales in March and April 2010 were closing
almost to 1% of the pre-recession monthly peaks. The May 2010 data shows retail sales
over 6% less than the pre-recession peak initial May 2010 sales results from various
retailers is telling the same story it appears sales are down MoM and this is true. But
the drop MoM is significantly better than the historical MoM drop between March and April
Now, IF business sales are stalling we would begin to see an increase in inventories.
And sure enough the inventory to sales ratios have flat lined. There is a possibility that we
reached the optimum inventory levels, and it should be noted that inventories ALWAYS
increase between March and April.
The Federal Reserve issued their June 2010 Beige Book which is a summary of business
activity surveys in all twelve districts. Their summary:

Economic activity continued to improve since the last report across all
twelve Federal Reserve Districts, although many Districts described the
pace of growth as modest. Consumer spending and tourism activity
generally increased. Business spending also rose, on net, with employment
and capital spending edging up but inventory investment slowing. By
sector, nonfinancial services, manufacturing, and transportation continued
to gradually improve. Residential real estate activity in many Districts was
buoyed by the April deadline for the homebuyer tax credit. Commercial real
estate remained weak, although some Districts reported an increase in
leasing. Financial activity was little changed on balance, although a few
Districts noted a modest increase in lending. Spring planting was generally
ahead of the normal pace, while conditions in the natural resource sectors
varied across the Districts. Prices of final goods and services were largely
stable as higher input costs were not being passed along to customers and
wage pressures continued to be minimal.

The University of Michigan consumer confidence for May 2010 increased slightly. The
opinion which accompanied this survey stated:

The May survey data indicate that consumers expect modest declines in
the rate of unemployment as well as small increases in inflation and
interest rates during the year ahead. Unfortunately, consumers also
anticipate a slower pace of recovery and that the gains in employment in
the year ahead will be distressingly small. Nonetheless, financial gains
among upper income households will continue to foster growth in overall
consumer spending, although the pace of spending growth will slow during
the balance of the year and into the start of 2011. Failed Banks this Week:

Wither Government. Chaos! Anarchy! Lost Revenue! Kurt Nimmo | What the
parasite class has wrought on the people of New York. What Do The
Sears Tower; WTC, and Terror Drills Have In Common? Shepard
Ambellas and Alex Thomas | Remember that on September 11, 2001,
NORAD was conducting a war games drill that simulated planes flying
into towers. Terrorism: Made in the U.S.A. Future of Freedom
 Foundation | U.S. policy no matter whos in power couldnt be
better tailored to recruit terrorists.

Saudi Arabia gives Israel clear skies to attack Iranian nuclear sites Saudi
Arabia has conducted tests to stand down its air defences to enable
Israeli jets to make a bombing raid on Irans nuclear facilities, The
Times can reveal. [Well, I guess thats what good Muslims do. After all,
Saudi Arabia is purported home to Mecca. The reality is that Saudi
Arabia has lost all credibility. Indeed, the sheik money seems to have
exceeded all notions of priority vis--vis Saudis pious
pronouncements of sanctimonious religiosity. I guess thats why they
are in fact a totalitarian state which merely exists for the sake of a few
family oil farms. The new Mecca will be Constantinople.]

Daniel Ellsberg fears a US hit on Wikileaks founder Julian Assange Daniel

Ellsberg, who gained fame when he leaked the Pentagon Papers in
1971 in hopes of ending the Vietnam War, told MSNBCs Dylan
Ratigan on Friday that he not only sees a parallel between himself and
the person who recently leaked a video of an assault by US forces on
Iraqi civilians but also fears for the safety of Wikileaks founder Julian
Assange, who published the video. The Dying Corporate Media
Vilifies Alex Jones, Rand Paul, & The Rising Rage Against The Empire
A new MSNBC documentary called Rise of The New Right that is set
to air next Wednesday falsely paints the Tea Partys growing influence
in electoral politics as a precursor to a new age of racist rage.

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

Olbermann Slams Tea Party Senate Candidate For Voting Against Water
Fluoridation MSNBC Countdown host Keith Olbermann has slammed
a Tea Party Senate candidate who won a key primary victory this
week, intimating that she is crazy because she believes sodium
fluoride, a deadly poison, is poisonous. This is really quite incredible
and Angle must be lauded because of this inconvenient, and really
life / health threatening truth (but what do you expect from a dying
network that shills for a mobster like t_rump, etc.) YouTube
Removes Video of Obamatron Thug Attacking Tea Party Activist As
should be expected, the original video posted by Watson was
removed by YouTube due to terms of use violation, a common tactic
 employed by YouTube to take down videos it does not agree with or
that have received complaints, ALTHOUGH TRUTH BE TOLD, I
PERSONALLY EXPERIENCED THE SAME CENSORSHIP BY JONES ET
ALS IN MY COMMENTARY ON HIS SITES, AND WOULDNT EVEN
WASTE MY TIME THERE AS SUCH, HYPOCRITS THAT THEY ARE.

Wikileaks Founder Julian Assange Hunted By Pentagon Over Massive Leak

Anxious that Wikileaks may be on the verge of publishing a batch of
secret State Department cables, investigators are desperately
searching for founder Julian Assange.

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. Its time to identify the lunatics and kindly take away the car keys. If you wont 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.

Tech Events?

INSIDER TRANSACTIONS This is an especially great opportunity to Sell /

Take Profits as the recent rallies have been based upon worse
than expected news, fraud, and b*** s*** alone. Thats certainly
what the insiders are doing. 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.

Public duties, private investmentsWhen stock and other private-sector

investing on Capitol Hill is near an all-time high, how do you ensure that
congressional leaders are acting in the interests of voters and not
themselves? (By Robert O'Harrow Jr. and Dan Keating) Oh come on! No
need for rhetorical questions on the subject of american criminality /
corruption which is pervasive and across the entire spectrum. The
substance of the article is important, should be reported daily, and is a
significant part of the reason the frauds on wall street havent yet, and still
should, be prosecuted, jailed, and forced disgorgement, and should be
reported regularly if not daily. Indeed, so widespread is the venality,
criminality, and corruption in america that if not for the fact that the courts
themselves are corrupt, american courts would have to take judicial notice
of said reality.

$34 Billion Asset Manager Says Market Prices Are Manipulated, Accuses
NYSE Of Intellectual Property Theft, Debunks HFT Liquidity Provider
Lies As part of the SECs process to fix the broken market, it is
currently soliciting public feedback on a variety of issues. Why it is
doing so, we dont know after all anything that does not conform to
the SECs preconception of what the most lucrative market to the
SECs recent batch of clients (see earlier news about an SEC director
going to HFT specialist Getco) is, just ends up in the shredder anyway

ECONOMIC TRAIN REROUTED TO FLAT LINE author: Steven Hansen When Fed Chairman
Bernanke this week stated to Congress that the economy appears to be on track to
continue to expand through this year and next. I was wondering if Chairman Bernanke
had a different set of indicators he was reviewing ... The economic train seems to have left
the moderate expansion tracks. It was moderately expanding through March. In April
2010, a noticeable change in consumer spending data began. For me, it is telling that this
indicator is dropping so dramatically so soon after recovery from the Great Recession of
2007 ... This brings into question the long term benefits of economic measures to
stimulate the economy when no simultaneous action is taken to remedy the underlying
defects which triggered the recession. What is a bigger concern is that stimulus tends to
mask the underlying currents so that we are surprised at the economic direction when the
stimulus expires. And economic cheerleading creates long term distrust if v or moderate
recoveries are not delivered. In the same address to Congress, Chairman Bernanke
warned that the the US budget must be brought under control. You can thank Europe and
Japan for making a bigger mess of their budgets or the sucking sound you would be
hearing would have been the dollar and the USA economy crashing. There is no question
the current economic path we are traveling is creating unnecessary headwinds
The coincident indicators are starting to flat line.
The biggest flat line of them all is the initial unemployment claims. The biggest stimulus of
all time combined with quantitative easing and ZIRP and the unsuccessful actions of all
the Kings men is not stopping the unusually high plateau of job losses. The 4 week
moving average was up slightly for the week ending June 5. The graph below is the
unaveraged initial claims One of the more surprising April 2010 data points was the
slight contraction ($1 billion) of international trade MoM. This came despite growth in
outbound container counts which I use as an advance proxy for international trade.
Imports declined about the same as exports. A flat line of imports and exports is not
saying we have a moderate recovery underway there is a lot of evidence now building
against a 'moderate' growth scenario
Consumer Credit Declines In April At a 4% Annual Rate
Growth of consumer credit has been the driver for economic growth since the end of
WWII. The finance industry has continued to fine tune its methods so that it becomes
easier and easier to to buy what we want today whether we can afford it or not. Consumer
spending accounts for 2/3rds of the economy. We know the economy is growing if
consumer credit is growing as consumers are spending more money then they earn.
For April 2010 the Federal Reserve advised:

Consumer credit increased at an annual rate of 1/2 percent in April 2010.

Revolving credit decreased at an annual rate of 12 percent, and
nonrevolving credit increased at an annual rate of 7 percent.

This month the Fed's statement is wrong March is the low month of the year while
December is the high month. This has been true since 2000. Using the average growth
between March and April since 2000, the April 2010 growth was short 0.36% MoM or 4%
if annualized. Combine this with:

Personal consumption expenditures for April 2010 released by US Census which

showed a zero MoM growth
Very mediocre retail sales for April 2010 which showed on an unadjusted basis a
MoM drop from $369 billion to $ 365 billion.

The major reason for the credit contraction in April was a contraction of revolving credit
(credit cards I assume this was caused mostly by bank write-offs). Non-revolving credit
(cars, mobile homes, etc) has remained in a tight range since the 4Q2007, and did increase
very slightly MoM.
Retail Sales for May
The Census believes retail sales were off 1.2% MoM in May 2010 according to their
advanced adjusted data. The unadjusted data is telling a far worse story. Even though the
April retail data was weak, the USA was showing a closing with the pre-recession levels.
May data now shows a widening retail sales in March and April 2010 were closing
almost to 1% of the pre-recession monthly peaks. The May 2010 data shows retail sales
over 6% less than the pre-recession peak initial May 2010 sales results from various
retailers is telling the same story it appears sales are down MoM and this is true. But
the drop MoM is significantly better than the historical MoM drop between March and April
Now, IF business sales are stalling we would begin to see an increase in inventories.
And sure enough the inventory to sales ratios have flat lined. There is a possibility that we
reached the optimum inventory levels, and it should be noted that inventories ALWAYS
increase between March and April.
The Federal Reserve issued their June 2010 Beige Book which is a summary of business
activity surveys in all twelve districts. Their summary:

Economic activity continued to improve since the last report across all
twelve Federal Reserve Districts, although many Districts described the
pace of growth as modest. Consumer spending and tourism activity
generally increased. Business spending also rose, on net, with employment
and capital spending edging up but inventory investment slowing. By
sector, nonfinancial services, manufacturing, and transportation continued
 to gradually improve. Residential real estate activity in many Districts was
buoyed by the April deadline for the homebuyer tax credit. Commercial real
estate remained weak, although some Districts reported an increase in
leasing. Financial activity was little changed on balance, although a few
Districts noted a modest increase in lending. Spring planting was generally
ahead of the normal pace, while conditions in the natural resource sectors
varied across the Districts. Prices of final goods and services were largely
stable as higher input costs were not being passed along to customers and
wage pressures continued to be minimal.

The University of Michigan consumer confidence for May 2010 increased slightly. The
opinion which accompanied this survey stated:

The May survey data indicate that consumers expect modest declines in
the rate of unemployment as well as small increases in inflation and
interest rates during the year ahead. Unfortunately, consumers also
anticipate a slower pace of recovery and that the gains in employment in
the year ahead will be distressingly small. Nonetheless, financial gains
among upper income households will continue to foster growth in overall
consumer spending, although the pace of spending growth will slow during
the balance of the year and into the start of 2011. Failed Banks this Week:

Wither Government. Chaos! Anarchy! Lost Revenue! Kurt Nimmo | What the
parasite class has wrought on the people of New York. What Do The
Sears Tower; WTC, and Terror Drills Have In Common? Shepard Ambellas
and Alex Thomas | Remember that on September 11, 2001, NORAD was
conducting a war games drill that simulated planes flying into towers.
Terrorism: Made in the U.S.A. Future of Freedom Foundation | U.S. policy
no matter whos in power couldnt be better tailored to recruit terrorists.

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

US Foreclosure Filings Down 3% In May; Bank Repos At Record US

foreclosure filings fell 3% in May from a month earlier, although
bank repossessions set a new monthly record, according to market
researcher RealtyTrac. May foreclosure rate steadies as banks
hold back The Associated Press Rate of foreclosures slowed in
May Bizjournals.com Investment banks face U.K. probe into fees

Bearish Sentiment Rises to Eleven Month High Bespoke Investment

Group: This week's sentiment survey from Investors Intelligence showed
that bearish sentiment among newsletter writers is now up to 31.9% which
is an eleven month high. Although the levels of bearish sentiment are still
nowhere near the extreme highs we saw during the last bear market, the
inability of stocks to 'snap back' from the recent declines certainly has
advisors on edge

Greek Default Seen by Almost 75% in Poll Doubtful About Trichet Global investors have
little confidence in Europes 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: BPs Not Going to Last as a
Company More Than a Matter of Months Weve 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. Golds Flashing
Warning Sign Greg Hunter | A wicked storm is blowing our way. Infowars.com
Receives Rise of the New Right Script Kurt Nimmo | The establishment is
determined to take out the Tea Party political movement prior to the November
election. Music Industry on Verge of Total Collapse Celebrity Buzz | Radiohead
frontman Thom Yorke says musicians should resist signing record deals because
the major labels will completely fold within months.

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 Didnt Know It Was The Great Depression Yet
In the past year, weve written a lot about the similarity between the
rally of early 1930 and the one we had through April of this year.
Investment Banker: Its 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.

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.

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?

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 Youre Being Decieved Infowars.com |
Were heading over an economic cliff and theres 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!
Hungarys the thing! Rosanne Rosanna Danna, formerly of SNL fame
wanted in Asia to chime in with what her mama always used to say, Its
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 Im getting substantial attacks vis--vis my
internet connection which has slowed dramatically these posts. I dont
think the interference is either accidental nor just coincidental but
consistent with corrupt defacto bankrupt americas 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
countrys 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 worlds economic situation [Id
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.]

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 hes 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 todays market. Why not? Of
course, the market is down for this month. But thats not the reason this is
not a buy and hold environment. Its not just about the recent correction, or
the end of a market rally. The current trend fits into a much bigger
picture and its 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 its 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

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. Its
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 wont be pretty. Its not. At 60%
of GDP, the United States ranks about 25th in the world for indebtedness.1
But thats 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 dont 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 were at 840% of GDP. Yikes. No wonder the
debt burden feels so crushing. What cant happen, wont happen. If we
cant afford our direct debt, we surely cant 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 5 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 Germanys
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 (nations)
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.
Dont 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
dont 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, Obamas 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.

[ I wasnt kidding; and, Im still

Sell in May and Go Away, Indeed

not kidding when I say: This is a great opportunity to sell / take

profits because theres 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 dont 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 Wont Recognize America By The End
Of The Year Business Insider | Pul leeze, get out of stocks now, and I dont 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 wouldnt be worrying about who wins / loses since those
who fraudulently play, invariably would (and should) pay. If theyre 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 Todays 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. Napiers 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 Tobins 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 ones 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

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

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.

(Previously) Id 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.

Youre nave 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 hed never have to work again his words.

Some comments on alitoall 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 detat 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!

Rendition: Where the War on Terror Meets the War on Drugs Patrick
Henningsen | Its time to ditch the policies we have come to tolerate for
decades before they consume what is left of our moral core. Ive
experienced the corrupt inter-relationship of the government (all 3
corrupt 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; see immediately after article excerpt for
links / summary.

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 in
the Western hemisphere. A Gulfstream II jet aircraft N9875A
identified by the British Government and the European Parliament as
being involved in this traffic crashed in Mexico In 2004, another
torture taxi crashed in a field in Nicaragua with a ton of cocaine
aboard Mexican soldiers found ..132 bags containing 3.3 metric
tons of cocaine. The origination of the Gulfstreams flight is
unknown but it was destined for Cancun when it crash landed.
Again, here is the important point: that same Gulf Stream II was one
of the very same 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 to these typically corrupt americans. 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
brothers 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 ].
americas just a fraudulent and failed defacto bankrupt nation.

NSA beats warrantless wiretap rap A Federal judge has dismissed a

complaint against the National Security Agencys (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.

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.

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 Israels
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! Isnt that exactly whats
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.

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--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 [ Dont make me laugh! ]

Israels 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 Pentagons Space Warriors Global

Research | Its not as if things arent 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 dont forget, Bruce Willis and Ben
Affleck, et als, have already done this so its not as if theyre 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
Karzais 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 todays 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 Im surprised this hasnt 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, Id say
theyre 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 mans 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
]

Dont 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: Its Much Bigger Than Goldman Sachs Regulatory
reform debate obscures key fact: Everybodys 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 trumps celebrity apprentice,
happens to be correct based upon facts / reality and my own direct
observation and experience and the law Dont forget to include
corrupt federal judges as maryanne trump barry, sam alito, shiff,
 matz, hall, underhill, dorsey, etc.. Defacto bankrupt americas 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
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm

Drudgereport: DEBT RISE TO $19,600,000,000,000.00 BY 2015

NY MAY SHUT NEXT WEEK: Paterson Warns Chaos, Anarchy...
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...
House Speaker Paying $18K a Month for New Office...
GERMAN GOVT CLOSE TO COLLAPSE...
Spain sees credit squeeze, denies EU rescue bid...
Retail sales unexpectedly fall in May...
...plunge by largest amount in 8 months
BP eyes showdown with US govt on liability...
Ahmadinejad: Israel 'doomed'...
UN hits Iran with new sanctions over nuclear program...
TURKEY, BRAZIL VOTE AGAINST...
Ahmadinejad: Resolution 'like a used handkerchief'...
Copter shot down in Afghanistan; 4 Americans dead...
Gates predicts tough summer, confident of gainsOooooh! Sounds like a
plam!...
Shares Plunge 16% as Pressures Mount...
'Month before they declare Chapter 11'...
PAPER: Obama's attacks on BP hurting British pensioners...
Windows shot out at BP gas station...
POLL: 74% Oppose Tax On DRUDGE, Web Sites To Help Newspapers...
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
POLL: BP Oil Spill Response Rated Worse than Katrina...
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'...
Fleisher: Ethnic Cleansing by israel Wouldnt abrogation of flawed /
failed balfour and sending jews home to europe be the wisest and most
peace generating course ...
UPDATE: Crude gushes from cap; only a fraction captured...
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, mans inhumanity to
man? Such humble beginnings and evolutionary history Whats not
to like? Besides, not to worry. With their advanced technologies that
defy human understanding, the aliens already know youre 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 theres 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
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm