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business, law, finance, economics, current events / topics, stock market, forecasts, links to Albert L. Peia, Albert Peia, Al Peia, RICO, albertpeia.com
  Previously, on this website, the following:Vincent … ‘There is also thepossibility of a false upside breakout that sucks in the last of thesideline money before a more substantive correction begins, withGreece providing the news rationalization for a technical correction ...’Isn’t that exactly what’s just happened to this ‘overvalued by everymeasure known to financial analysis’ market? Guess what: the bubblemakers, never the last out, have made ton’s of dough on the bubble. Yes, out of thin air, based really on nothing more than b*** s***,computer programmed, high frequency (churn and earncommissionable) trades simulating demand. The problem, as we’veseen in prior busts is that the money taken out of the bubble mustcome from somewhere, and truth be told, it’s not fraudulent wallstreet’s pockets.America Has Lost Its Imperial Status, And Global Institutions Such As TheIMF, G20 And BIS Are Filling The VoidNot only is the IMF treatingAmerica like another failed state, but the IMF may – in some ways –replace the U.S.An illegal bank is the second-largest holder of U.S. treasury securities  Exposing Faux Capitalism | Japan isn’t the second-largest holder of U.S.treasury securities — the privately owned Federal Reserve Bank of New York is.Failure Is the Only Reform We Need Greg Hunter  | The Fed is printingmoney like never before to continue bailing out a toxic ball of financial junk — threatening life as we know it.Greek, Portuguese Bonds Drop as Downgrades Escalate Debt Crisis Government bonds of the euro region’s most indebted nationsslumped, led by the biggest drop for Greek two-year notes since atleast 1998, as credit downgrades escalated Europe’s sovereign-debtcrisis.Senate Republicans block Wall Street financial reform for second straightdayNew York Daily NewsGoldman “Sideshow” Hyped To PushThrough Obama Banking ReformFinancial experts are in agreementthat the Goldman Sachs fraud revelations are being artificially hypedin Washington in order to force through president Obama’s financialregulatory reform measures, proposals that will not punish bigger banks like Goldman and will not protect the American people from thebanking cartels at the centre of the economic meltdown.Levin toGoldman Sachs: ‘You Knew It Was a S–tty Deal!’After two years of hemming and hawing in Washington about the real culprits on WallStreet, Sen. Carl Levin’s Permanent Subcommittee on Investigationsfinally got to the heart of the matter this morning.    (4-27-10)  Dow   10,992 -213 Nasdaq  2471 -51 S&P 500   1,183 -28 [CLOSE-OIL$82.44 (-54% for year 2008) (RECORD TRADING HIGH $147.27)GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,162  [video] Gold Surges Stocks/Gold Comparison(+24% for year 2009) / SILVER$18.11 (+47% for year 2009) PLATINUM $1,720 (+56% for year 2009) /DOLLAR= .75 EURO, 93 YEN, .65 POUND STERLING, ETC. (How lowcan you go - LOWER)/ 10 YR NOTE YIELD 3.69% …..… AP BusinessHighlights...Yahoo Market Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUDPRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-106Theories On Why the Stock Market Has Rallied3-9-10 [archivedwebsite file]Risks Lurk for ETF InvestorsThe 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, 2010TheWeek Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor  THECOMING 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 NotGoing To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 20091-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic /Financial DataThis Depression is just beginningThecoming depression… thecomingdepression.net MUST READ:JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 ( 850on the S&P ) by TPCThe Next Wave of Collapse is Coming Sooner than you thinkSliding Back Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITSWHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME! Go to following pages for above links: http://www.albertpeia.com/currentopics2ndqtr10108.htm http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htmhttp://www.albertpeia.comhttp://www.albertpeia.com/alresume.htm   Is The CIA Behind Mexico’s Bloody Drug War? Mike Whitney | The evidenceof CIA involvement in the drug trade is vast, documented and compelling. The big cartels are engaged in a ferocious battle for the drug corridors around Juarez. TheSinaloa, Gulf and La Familia cartels have formed an alliance against the upstart Los Zetasgang. Critics allege that the Calderon administration has close ties with the Sinaloa carteland refuses to arrest its members. Here’s an excerpt from an Al Jazeera video whichpoints to collusion between Sinaloa and the government. “The US Treasury identifies at  least 20 front companies that are laundering drug money for the Sinaloa cartel…There areallegations that the Mexican government is “favoring” the cartel. According to DiegoEnrique Osorno, investigative journalist and author of the “The Sinaloa Cartel”:“There are no important detentions of Sinaloa cartel members. But the government ishunting down adversary groups, new players in the world of drug trafficking.”International Security Expert, Edgardo Buscaglia, says that “of over 50,000 drug relatedarrests, only a very small percentage have been Sinaloa cartel members, and no cartelleaders. Dating back to 2003, law enforcement data shows objectively that the governmenthas been hitting the weakest organized crime groups in Mexico, but they have not beenhitting the main crime group, the Sinaloa Federation, that’s responsible for 45% of thedrug trade in this country.” (Al Jazeera)There’s no way to verify whether the Calderon administration is in bed with the Sinaloacartel, but Al Jazeera’s report is pretty damning. A similar report appeared in the LosAngeles Times which revealed that the government had diverted funds that wereearmarked for struggling farmers (who’d been hurt by NAFTA) “to the families of notorious drug traffickers and several senior government officials, including theagriculture minister.” Here’s an excerpt from the Los Angeles Times:”According to several academic studies, as much as 80% of the moneywent to just 20% of the registered farmers…Among the most eyebrow-raising recipients were three siblings of billionaire drug lord Joaquin “ElChapo” Guzman, head of the powerful Sinaloa cartel, and the brother of Guzman’s onetime partner, Arturo Beltran Leyva”. (“Mexico farm subsidiesare going astray”, Tracy Wilkinson, Los Angeles Times)There’s no doubt that if the LA Times knows about the circular flow of state money to drugtraffickers, than the Obama administration knows too. So why does the administrationpersist with the same policy and continue to support the people they pretend to befighting?In forty years, US drug policy has never changed. The same “hunt them down, bust them,and lock them up” philosophy continues to this day. That’s why many critics believe thatthe drug war is really about control, not eradication. It’s a matter of who’s in line to rake inthe profits; small-time pushers who run their own operations or politically-connectedkingfish who have agents in the banks, the intelligence agencies, the military and thegovernment. Currently, in Juarez, the small fries’ are getting wiped out while the big-players are getting stronger. In a year or so, the Sinaloa cartel will control the streets, thedrug corridors, and the border. The violence will die down and the government willproclaim “victory”, but the flow of drugs into the US will increase while the situation for ordinary Mexicans will continue to deteriorate.Here’s a clip from an article in the Independent by veteran journalist HughO’Shaughnessy:“The outlawing and criminalizing of drugs and consequent surge in prices has produced abonanza for producers everywhere, from Kabul to Bogota, but, at the Mexican border,where an estimated $39,000m in narcotics enter the rich US market every year, a veritabletsunami of cash has been created. The narcotraficantes, or drug dealers, can buy themurder of many, and the loyalty of nearly everyone. They can acquire whatever weaponsthey need from the free market in firearms north of the border and bring them into Mexicowith appropriate payment to any official who holds his hand out.” (“The US-Mexico border:where the drugs war has soaked the ground blood red”, Hugh O’Shaughnessy TheIndependent)It’s no coincidence that Kabul and Bogota are the the de facto capitals of the druguniverse. US political support is strong in both places, as is the involvement of USintelligence agencies. But does that suggest that the CIA is at work in Mexico, too? Or, to  put it differently: Why is the US supporting a client that appears to be allied to the mostpowerful drug cartel in Mexico? That’s the question.THE CHECKERED HISTORY OF THE CIAIn August 1996, investigative journalist Gary Webb released the first installment of DarkAlliance in the San Jose Mercury exposing the CIA’s involvement in the drug trade. Thearticle blew the lid off the murky dealings of the agency’s covert operations. Webb’swords are as riveting today as they were when they first appeared 14 years ago:“For the better part of a decade, a San Francisco Bay Area drug ring sold tons of cocaineto the Crips and Bloods street gangs of Los Angeles and funneled millions in drug profitsto a Latin American guerrilla army run by the U.S. Central Intelligence Agency, a MercuryNews investigation has found.This drug network opened the first pipeline between Colombia’s cocaine cartels and theblack neighborhoods of Los Angeles, a city now known as the “crack” capital of the world.The cocaine that flooded in helped spark a crack explosion in urban Americaand provided the cash and connections needed for L.A.’s gangs to buy automaticweapons.It is one of the most bizarre alliances in modern history: the union of a U.S.-backed armyattempting to overthrow a revolutionary socialist government and the Uzi-toting“gangstas” of Compton and South-Central Los Angeles.” (“America’s ‘crack’ plague hasroots in Nicaragua war”, Gary Webb, San Jose Mercury News)Counterpunch editor Alexander Cockburn has also done extensive research on theCIA/drug connection. Here’s an excerpt from an article titled “The Government’s DirtyLittle Secrets”, which ran in the Los Angeles Times.“CIA Inspector General Frederick Hitz finally conceded to a U.S. congressional committeethat the agency had worked with drug traffickers and had obtained a waiver from theJustice Department in 1982 (the beginning of the Contra funding crisis) allowing it not toreport drug trafficking by agency contractors. Was the lethal arsenal deployed atRoodeplaat assembled with the advice from the CIA and other U.S. agencies? There werecertainly close contacts over the years. It was a CIA tip that led the South African secretpolice to arrest Nelson Mandela.” (The Government’s Dirty Little Secrets, Los AngelesTimes, commentary, 1998)And then there’s this from independent journalist Zafar Bangash:“The CIA, as Cockburn and (Jeffrey) St Clair reveal, had been in this business right fromthe beginning. In fact, even before it came into existence, its predecessors, the OSS andthe Office of Naval Intelligence, were involved with criminals. One such criminal wasLucky Luciano, the most notorious gangster and drug trafficker in America in the forties.”The CIA’s involvement in drug trafficking closely dovetails America’s adventures overseas – from Indo-China in the sixties to Afghanistan in the eighties….As Alfred McCoy states inhis book: Politics of Heroin: CIA complicity in the Global Drug Trade, beginning with CIAraids from Burma into China in the early fifties, the agency found that ‘ruthless drug lordsmade effective anti-communists.” (“CIA peddles drugs while US Media act ascheerleaders”, Zafar Bangash, Muslimedia, January 16-31, 1999)And, this from author William Blum:“ClA-supported Mujahedeen rebels … engaged heavily in drug trafficking while fightingagainst the Soviet-supported government,” writes historian William Blum. “The Agency’sprincipal client was Gulbuddin Hekmatyar, one of the leading druglords and a leadingheroin refiner. CIA-supplied trucks and mules, which had carried arms into Afghanistan,were used to transport opium to laboratories along the Afghan/Pakistan border. Theoutput provided up to one half of the heroin used annually in the United States and three-quarters of that used in Western Europe….”And, this from Portland Independent Media:“Before 1980, Afghanistan produced 0% of the world’s opium. But then the CIA moved in,and by 1986 they were producing 40% of the world’s heroin supply. By 1999, they werechurning out 3,200 TONS of heroin a year–nearly 80% of the total market supply. But thensomething unexpected happened. The Taliban rose to power, and by 2000 they haddestroyed nearly all of the opium fields. Production dropped from 3,000+ tons to only 185

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