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[Entendance]

ECRI Leading Indicator Plunges Deeper Into Double Dip Territory As Stocks Turn Green

http://tinyurl.com/2upxtd7



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[defio70]

Ron Paul Introduces SEC Transparency Act

Congressman Ron Paul yesterday introduced the SEC Transparency Act of 2010 (HR 5970), a bill designed to force greater transparency in the Securities and Exchange Commission. The bill is designed to repeal the amendments made by section 929I of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the confidentiality of materials submitted to the Securities and Exchange Commission.
Recent news reports have publicized the little-noticed provision in the recently-passed financial reform package that the Securities and Exchange Commission has used to deny requests for information under the Freedom of Information Act. Paul’s bill would repeal the provision in the newly-passed legislation the SEC has used to deny FOIA requests.
“It is unfortunate, yet not unexpected, that legislation touted as fixing problems with the banking system actually makes them worse and provides more cover and power for organizations that failed us like the SEC and the Fed,” Paul said in introducing the bill. “I expect in the coming weeks and months that many more harmful provisions like this will come to light and it will take quite a bit of work to undo the damage from this massive and misguided legislation.”

http://tinyurl.com/2vwmpl5

[Entendance]

<An unreliable messenger stumbles into trouble, but a reliable messenger brings healing.>
-Proverbs 13:17

They know... we all know...2010: chickens come home to roost

<Propaganda is the deliberate, systematic attempt to shape perceptions, manipulate cognitions, and direct behavior to achieve a response that furthers the desired intent of the propagandist.>
With the global media concentrated in a scant few corporate hands (less than 10), this pulling away of the curtain is deleted/excised from media coverage in a ruthless campaign of pure "green shoots" propaganda.
THAT THINGS ARE GETTING WORSE more slowly is the essence of the bullish argument for the U.S. economy and, by extension, corporate profits.
Corporate earnings have been sustained by slashing jobs, hardly a recipe for recovery and IN AN ECONOMY PARALYZED BY THE EXCESS OF DEBT NEITHER MONETARY POLICY NOR FISCAL POLICY CAN REACTIVATE THE ECONOMY. Now, with wealth falling and households needing to rebuild their finances, monetary and fiscal stimuli are like throwing matches on so much wet wood. Only time can fix things.
"Every bubble creates useful idiots who justify it to the suckers who buy into to it. And crooks to take advantage of them. Once the bust comes, both are revealed."

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Today distribution is the game in town

[sowhat]

The Ecstasy of Empire

...The United States and the welfare of its 300 million people cannot be restored unless the neocons, Wall Street, the corporations, and their servile slaves in Congress and the White House can be defeated.
Without a revolution, Americans are history.

viewtopic.php?f=17&t=735&p=11901#p11899

[GSIMMERLE]

GM files paperwork for massive IPO

...A successful IPO for GM would lend support to President Barack Obama's stance that the auto-industry bailouts were a success as he prepares for key election races.
"There is no doubt in my mind that we will see the administration patting itself on the back, congratulating itself, telling the public that the investment into the automakers was a good idea," WStreet's Silver said.
http://tinyurl.com/367hjoq

Futures Plunge As Stock Trading Robot Monkeys Throw GM Feces

http://tinyurl.com/32p66gc

[defio70]

http://tinyurl.com/39wqlhq
hot weekend ahead?

At some point, military leaders in the United States and in Israel will have to decide: Which is more dangerous -- an Iran capable of launching a nuclear weapon? Or an Iran that just got hit with tons of artillery and is out for revenge?
http://tinyurl.com/34epbb2

[Entendance]

September 19th to Become 'Frank Zappa Day' in Connection with Dedication of Bust and Free Outdoor Concert



viewtopic.php?f=9&t=766&p=11988#p11988

[defio70]

Bernanke is out of bullets. Anyone who can’t see that by now is not familiar with the Japanese history of QE or the most recent impacts of QE (Ben clearly didn’t save the economy with QE1 or we wouldn’t even be having this discussion). He says he will cut interest on reserves or alter the language in his speeches – total non-events in my opinion. They might get the market all excited for a few hours, but soon people will realize that none of these actions will actually fix the recession on Main Street.
Aside from all the jawboning out of the Fed, there was some actual market moving news today. Intel cut its Q3 earnings...

viewtopic.php?f=16&t=280&p=12068#p12068

[Entendance]

WHILE AMERICANS SLEEP FED PUMP €

As usual, while you, my american friends, sleep and rest during the night, the FED and Trichet pump the U.S. futures, the €, in the hope of saving the banks' asses. Market Watch and the official propaganda machine are zealous to perform the task of emphasizing that U.S. STOCK FUTURES ADVANCE...The FED PPT pump €, from 1.2660 to 1.2810 http://tinyurl.com/2fqbanv

propaganda machine at work



ECONOMIC AMNESIA BY BANKSTER'S PROPAGANDA: REWARDS for FAILURE
viewtopic.php?f=7&t=643&p=11918#p11918




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[GSIMMERLE]

ECRI Declines, Passes Below "Double Dip" -10% Threshold Again

http://tinyurl.com/2ug2hyz