Those Pakistani officials working with terrorists must be arrested and executed.

Those Pakistani officials working with terrorists must be arrested and executed.

Socialist Islamic terrorists are now hated by sane Islamists worldwide and terrorist identities and hideouts are being given to the American CIA everywhere. The Special Forces have been authorized to go abroad and kill the Islamic terrorists wherever they live. When David Petraeus is in the CIA and directing it (very soon)… be ready for massive executions of Islamic terrorists worldwide. About 10000 terrorists are concentrated in Pakistan and finally Pakistan leadership has signaled they are ready to turn the terrorists in for American Special Forces to take out. Presently there is a rush of bearded old men for the exits of Pakistan.

Do not be surprised if the Pakistani airforce is destroyed and Pakistan and India are forced to stand down and surrender up their nuclear weapons to pacify the region. China and the USA both now see Pakistan and India as nuclear threats to world peace. The insane religious extremists in both countries are a threat to people everywhere. The Indian terrorists even attack India and make it look like Pakistanis did the attacks.

Now is the time to overthrow criminal Islamic terrorist governments everywhere including in Pakistan unless they annihilate the Taliban and al-Quada. Pakistan currently harbors Taliban and al-Quada terrorists in resorts among their women and children. Pakistan must cooperate with China and America and the free world in eliminating all terrorists. Pakistan is a currently a socialist Islamic terrorist nation and an enemy of the world. For six years the Pakistani government has knowingly sheltered the entire Talliban and al-Qaeda leaderships. That makes Pakistan’s government complicit with a criminal killing machine. Those Pakistani officials working with terrorists must be arrested and executed. It is believed now that Pakistani radical Islamic socialists have many safe houses and that they harbor and move their many terrorists around the country to protect them.

China and the USA now both see Pakistan and India as nuclear threats to world peace. The armed terrorists want to take over Pakistan and make it a terrorist Khalifa, a worldwide Islamic killing machine with nuclear tipped intercontinental missiles headed by an insane and evil descendent of Muhammad. Pakistanis are the same bloodline as the people of India but set upon converting even India and China by the sword. That would put the Islamic terrorists in a position to try to convert China from within with terrorism and fear.

US Senators and Congressmen will re-evaluate the US relationship with Pakistan. Pakistan had mobilized their jet fighters against the USA but the US force killed Osama bin Laden and withdrew safely. Pakistan may be next for a NATO invasion after Iraq and Afghanistan become liberated nations.

Syrian radical socialists Islamic terrorists have abducted more than 1,000 Syrian men and boys as Syria’s crackdown on the worldwide anti socialist Islamic terrorist revolution intensifies. The innocent people of Syria are being tortures and murdered by their Islamic terrorist leaders. Now is the time to decapitate the Syrian snake.

World Markets:
European Parliament members including Marta Andreasen, Roger Helmer and Michael Cashman want to freeze some of the funds the European Union gives socialist Spain until it resolves legal shortcomings that have stripped once-legal buyers of property rights. A non-binding 2009 report by the parliament’s petitions committee criticized the socialists for applying restrictions on coastal property retroactively and showing “judicial laxity” toward corruption and speculation as owners are stripped of their property rights. “It’s inconceivable that anyone would want to invest in property in a country that has shown itself to be lawless when it comes to property rights,” Andreasen said in an interview.

Greek Prime Minister George Papandreou says Greece doesn’t need to restructure its debt as long as Germany does not require they ever pay back their loans. But if Germany wants interest payments on the loans then Germany must provide more loans to pay the interest. It sounds like the Greek unions suckered in Germany pretty well. Who says the Germans know how to handle their money? Portugal is about to get their German handout this week.
K1 Group founder Helmut Kiener, accused of defrauding investors of 345 million Euros ($513 million), told a court his funds weren’t intentionally set up as a Ponzi scheme. He claimed that his personal homes and personal aircraft were acquired with investor money to improve his productivity and they would have eventually have been corporate profit centers.

Fraud in the EU CO2 Market is rampant. The whole concept of “human caused global warming” is a scam that takes advantage of European administrator conceit and inbreeding that leaves them too stupid and naïve to realizes they are managing the biggest scam of this decade. The European Union will take testimony this week on a regulatory “gap” exposed earlier this year, when criminals stole carbon permits and forced the closure of spot trading for 15 days. The European Commission’s moron overseer of the world’s largest emissions-trading system, is due to meet today in Brussels with emitters, traders, researchers and climate groups to discuss protection for contracts for immediate delivery. Spot volume, historically accounting for 15 percent of the EU carbon market, has yet to bounce back from this year’s thefts by online hackers and value-added tax fraud in 2010. Helmut Kiener offered to run the agency if acquitted of his fraud charges.

US Economic Highlights
This week
Construction Spending in Mar improved 1.4% after declining -2.4% last month. Without Obama socialist manipulation the improvement was 0.4% this month (still good).
AM ISM Index Apr declined to 60.4 from 61.2 last month indicating the economic showdown is worsening. The Obama misery index is the sum of the inflation rate and the unemployment rate. It is about 13% now. Under Jimmy Carter the misery index was over 16% because they used real inflation not the phony FED core rate to compute American misery.
Factory Orders Mar up 3.0%, very good compared to 0.7% last month!

May 2 3:00 PM Auto Sales May Once again the auto and truck sales news is delayed since it is so bad.
May 2 3:00 PM Truck Sales May

MBA Mortgage Index 04/29 definitely improved +4% compared to last month’s -5.6%
Challenger Job Cuts Apr still bad at -5.0% vs. -38.6% last time
ADP Employment Change Apr a dismal 179K after a dismal 201K in Feb
ISM Services Apr dropped to 52.8 from 57.3
Crude Inventories 04/30 dropped to 3.421M from 6.156M

Today
All bad news
Initial Claims 04/30 474K up sharply from 429K last week even after 2K manipulation
Continuing Claims 04/23 3733K up sharply from 3641K even after 18K manipulation
Productivity-Prel Q1 down to 1.6% from 2.6%
Unit Labor Costs Q1 up sharply 1.0% after being stable or a non inflationary -0.6%

This week
May 6 8:30 AM Nonfarm Payrolls Apr
May 6 8:30 AM Nonfarm Private Payrolls Apr
May 6 8:30 AM Unemployment Rate Apr
May 6 8:30 AM Hourly Earnings Apr
May 6 8:30 AM Average Workweek Apr
May 6 3:00 PM Consumer Credit Mar


Market Outlook May 5, 2011
Investors in hard gold and hard silver lose 50% of the value when they try to cash it in. That is because those markets sell and do not buy any significant amount of precious metals. There is so much fraud that expensive testing of gold and silver must be done by the buyers. Many sellers are watering down the metals with copper and just 1% copper reduces the value 30% because it is so expensive to remove the last 1%. Buying hard gold and silver is the worst thing a person can do even buying from the US Mint. And Gold and silver will decline 75% on their own over the next 15 years anyway because the world is still facing a worldwide depression not hyperinflation. Only developing countries and bankrupt socialist governments like those in South America and Africa and the Mediterranean resort to hyperinflation.

The American economy is still stagnant because Obama refuses to cut welfare that is an enormous economic inefficiency. Toothless immigrant welfare recipients are seen regularly at gambling casinos cashing welfare checks and illegally exchanging food stamps for cash. American welfare corruption has more than doubled under Obama. Obama gave over $30Billion to black constituents who fraudulently claimed they were owed reparations because their ancestors did not get all the corrupt handouts they were “entitled” to under previous administrations. This Obama corruption of the farm bureau alone is justification for firing that entire government office.

World Markets
International trade shows that the world economy has only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:

http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart.

Asian markets were down again last night. China up 0.3%, Hong Kong down –0.2%, India down –1.6%, Japan closed again and Seoul closed.

European markets are down sharply again this morning in a range of about –0.4% to -1.3% half way through their day.

US pre-market futures are down again today in a range of about -0.3% to -0.5 % at 7:30 AM EST.