May 2 The Benghazi attack was on the anniversary of the 9-11-2000 Trade Tower attack and right after the Navy Seals killed the leading world Terrorist living in a safe house next to an Afghan military base. The fact that Obama did nothing to protect Americans on that anniversary shows the abject arrogance, not the ignorance of the Obama Administration including both Obama and Hillary Clinton. Their subsequent cover-up shows their dishonesty. The fact that both did not resign shows their brazen disregard for the safety of Americans. Before Obama and Hillary Clinton the world was on a trajectory toward lasting trust, peace and prosperity between the Eastern and Western nations. Since Obama and Hilary Clinton the trajectory is on a path toward more worldwide terror, war, and poverty. The year after Benghazi, Obama and Hilary went to the opposite extreme and had everyone indiscriminately on alert only because it was an election year.

The White House took questions from reporters on the newly released documents on Benghazi.  Among the documents just released is the White House email in which top administration adviser Ben Rhodes told then-UN Ambassador Susan Rice that, Rice was to lie and say that the protests were in reaction to an anti-Islamic video.  Hilary Clinton the Secretary of Sate knew it wasn’t true and did not want to take responsibility for Obama’s indecision and inaction so Susan Rice had to sacrifice her career for Obama and Hillary. 

Since the release of the documents, the White House has lied many times in a cover-up and now says that the email was mistakenly provided and not actually concerning Benghazi, despite it is dated then and was officially released as part of a Congressional Freedom of Information Act request specifically pertaining to Benghazi.  Retired Brig. Gen. Robert Lovell said, “We knew early on that the Benghazi attack was not a 'demonstration gone awry'; 'We should have tried' to help Americans during Benghazi attack.  Several leading Pentagon and other military officials have said that additional U.S. assets were not deployed to assist Americans under attack that night because the White House told them to say they weren't close enough.

 "The point is we should have tried," Lovell told the House Oversight and Government Reform Committee, in his opening statement. "As another saying goes -- always move to the sound of the guns." He later said the military "could have made a response of some sort." Lovell sharply countered Obama’s claims that the intelligence community and military initially thought this was a protest over an anti-Islam video gone awry. He said U.S. officials knew this was a "hostile action" from the outset, even though they didn't know how long the attack would last.  It was Obama’s responsibility to give the order to protect the American Embassy.  "This was no demonstration gone terribly awry," Lovell said. "The facts led to the conclusion of a terrorist attack."

The testimony comes two days after new emails were obtained and released by a watchdog group showing a top White House aide was involved in preparing then-U.N. ambassador Susan Rice to lie at her controversial Sunday show appearances, where she pushed the narrative that protests over an Internet video were to blame.  The hearing comes just days after new emails surfaced, pointing to a link between the Obama White House officials and the false narrative Hilary Clinton put forth for Susan Rice to describe how the attack happened.  In a prepared statement Lovell said that military officials knew "early on that this was a hostile action." Lovell said,” This was no demonstration gone terribly awry.”

U.S. military personnel knew early on that the Benghazi attack was a "hostile action" and not a protest gone awry, according to a retired general who served at U.S. Africa Command's headquarters in Germany during the attack.

 http://abcnews.go.com/blogs/politics/2014/05/new-benghazi-witness-on-sending-help-we-should-have-tried/

http://www.usatoday.com/story/news/world/2014/05/01/benghazi-testimony-africom-general/8554559/

http://www.realclearpolitics.com/video/2014/04/30/jon_karl_challenges_jay_carney_over_new_benghazi_email.html

http://nation.foxnews.com/2014/05/01/retired-general-we-knew-early-benghazi-attack-was-not-demonstration-gone-awry

 

May 1  Putin is planning to threaten and perhaps start “Internet World War I.”  Putin thinks he can bring down the entire internet and economically punish America, Western Europe, and all other societies that believe in liberty, rule of law, justice, compassion and generosity.   If Obama and the West allow Putin to control web with fines based on the Putin’s definition of free speech in the Kremlin Gulag, Putin will then claim he has a right to not just fine but  to completely shut down and sabotage the internet.  That will absolutely and almost instantaneously bankrupt Apple, Facebook, Samsung and all the other industries that service the machines, the software, and the technology that use the internet as a revenue source.

 

http://www.bloomberg.com/news/2014-04-24/yandex-sinks-as-putin-hints-at-stronger-internet-control.html

http://blog.heritage.org/2014/04/29/putin-internet-cia-project-pursues-russian-government-control/

http://www.reuters.com/article/2014/04/29/us-russia-internet-idUSBREA3S0QF20140429

The smart thing to do would be to shut down US supplied internet connectivity of Russia, Nigeria and the other countries of the world that already flood the west with scams.  Many target rich senile Americans and other disadvantaged people with scams. Others target corporations that have credit services for identity theft, and target banks they wish to punish with denial of service attacks.  We should also cut off financial aid for all countries that continue to deal with Putin.  Putin not Russia is the enemy liberty of rule of law, justice, compassion and generosity.  Putin wants a dictatorship, rule of Putin, intolerance of freedom fighters, brutal crackdowns, and a worldwide Gulag for those who think like Alexander Solzhenitsyn.  In both Hitler’s National Socialism and Stalin’s International Socialism, individuals who decried social injustices were persecuted as dissidents.  The most famous Soviet dissident was the nuclear physicist Aleksandr Solzhenitsyn.  Prisoner Alexander Solzhenitsyn exposed how terrorism functioned as a permanent structural feature of the USSR socialist society rather than as an episodic incident.  The international socialists, unlike the national socialists, did not document their genocide, and in fact blamed some of their discovered mass murder burial sites on the national socialists.  However, eye witnesses survive to tell the truth that the international socialists were more ruthless than Hitler’s Nazis.  For many years in the forests around Leningrad, the first signs of spring were not flowers pushing up but the human bones. 

Solzhenitsyn's crime was that of writing to someone who, many years later, was declared an enemy of the state.  Solzhenitsyn was guilty by his previous association with someone who later in life became a dissident and was executed by the socialists.  Solzhenitsyn, a nuclear scientist, became a dissident after spending many years as an innocent victim in the Russian Gulag.  In his writings, Solzhenitsyn provides a victim's view of genocide.  He heard the screams of the victims as their thinking was modified with beatings and physical deprivation.  Solzhenitsyn was passive while in prison but did not submit to helplessness;  instead he, like many other victims, retreated into his own mental world.  Within his mental world he survived and grew to realize that the USSR’s socialist genocide had to be uncloaked and to be defeated from within.  The layers of apparatus that distance the society from the victim needed to be short-circuited.  The cultural organization had to be forced to face the brutality of the many levels on which socialist inspired genocide was implemented.  

Aleksandr Solzhenitsyn received the Nobel Prize in Literature in 1970.  He was expelled from the Soviet Union in 1974 and lived in Vermont, USA.  He returned to Russia in 1994 after the dissolution of the communist Soviet Union.  He died in 2008 before Putin became such a megalomaniac and decided to rebuild Stalin’s genocidal socialist government .

 

April 30 It is time for the USA to throw Putin and other thugs off the internet.  Why should Americans pay their cost especially when it has been documented that most hackers stealing money on the web come from behind the old iron curtain and most of the world fraud comes from Nigeria where they like to target Americans.  Last week Putin said his government needs to impose greater control over information flows through the World Wide Web, which, Putin, supreme KGB agent uses to hack into, steal from, and spy on other nations of the world.  Putin introduced a draft law requiring Internet companies such as Google to locate servers handling Russian traffic inside the country, similar to socialist Chinese rules, and store user data for six months. The legislation, which was passed by the upper house this week now only needs Putin’s signature will classify citizens who are bloggers with 3,000 or more readers, about 30,000 people, as “media” outlets, making them and their hosts liable for the communist definition of free speech  content and subject to Russian regulation and fines. 

China only monitors and reacts to abuse but Putin will end freedom of the press and with his KGB background he may send his thugs to even permanently silence Americans like he did the Ukrainian Mayor who they shot yesterday and who is now struggling for his life.  It is time that Russian criminals are blocked from the internet and Putin’s thieves should not be allowed to raid Americans who use charge cards at Target and other stores.  It is foolish to give Putin the ability to identify, harass and kill his critics.

http://www.reuters.com/article/2014/04/29/us-russia-internet-idUSBREA3S0QF20140429

http://www.theguardian.com/world/2014/apr/24/vladimir-putin-web-breakup-internet-cia

 

Now see how Obama and other socialist are managing economies and redistributing wealth, raising the debt limit so our kids can bail the world out later.  Watch it now before Obama’s free speech censors have it removed from the internet like the factual American film about Mohamed’s life.  Or the Wall Street article about IRS corruption last week. 

https://www.youtube.com/embed/Li0no7O9zmE

 

The American who last year made the Mohamed movie may have been thrown in an American prison in violation of the American Constitutions Bills of Rights; 4, 5, and 6.  We may be losing the American “rule of law” with the Obama administration.  No one mentions the movie maker’s name for fear his entire family will be murdered the way things are done in Russia, North Korea, Iran, Syria, and Libya.  Socialists the likes of Hitler, Stalin, and Putin always knew that the American second Bill of Rights gives the right and encourages Americans to rise up and overthrow socialist thugs like Putin who obviously have infiltrated Ukraine and are killing freedom loving people there.

 

We put up new links to the Wall Street Journal report Apr 30 last week on IRS Tea Party harassers and tax dodgers who got recent Obama bonuses.  Obama’s censors apparently threatened the free press to break the old links provided on Apr 30. 

 

World Economy

May 2    A  Worldwide banking collapse could happen if Obama continues to go after secret bank accounts that have protected the liberty and lives of many people harassed or persecuted by socialist despots throughout the 20th century.  Obama’s prosecutors are considering indictments in probes of Credit Suisse Group AG (CSGN) and BNP Paribas SA (BNP), Bloomberg said.  The people who will suffer the most are the people avoiding the confiscation of the fruits of their lifetime contributions to civilization by socialist thugs such as Putin and the fast and furious American gun runner, Attorney General Holder.  Even after talking with financial regulators about ways to mitigate damage -- such as ensuring banks can keep their keep charters – Holder’s prosecutors might not fully understand consequences for the market, according to industry lawyers and bankers who are following the case.

http://www.bloomberg.com/news/2014-05-01/criminal-charges-against-banks-risk-sparking-crisis.html

 

Apr 30    Canada’s GDP rose at a 0.2 % annual rate in January and February indicating previous socialist reports of the Obama world depression ending were premature.

 

The Swiss banks are being illegally pressured by the Obama administration in violation of international treaties that protect nations and individuals from totalitarian socialist states just as they were protected from Stalin’s and Hitler’s kangaroo courts.  American citizens are now at risk of a political approach to embarrass only wealthy American Republicans, Tea Party members and Obama critics because while Democrats are more often the tax dodgers, Obama can selectively release the names.  Both Hitler and Stalin tried but failed to do what Obama is doing when they persecuted Jews and political opponents.  Credit Suisse has been targeted by Obama since 2011 with a U.S. criminal probe. This is just another Hitler socialist type tactic to silence opponents of Obama’s creeping socialism, economic decay and eventual American bankruptcy.  As Lincoln said, “We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution.” 

The Swiss market still indicates stagnation since 2007. It has hit the highs of 2003 but could not make it to the highs of 2007. Obama has destroyed Swiss banking by attacking Swiss confidentiality that had protected people from the Hitlers and Stalins of the past. The Obama socialists are trying to legally confiscate everything people earn while lining the pockets of their friends with Ambassadorships and $billions in contracts for inept management of socialized medicine. Look for world economies to soar when the socialists are no longer running America.

 http://finance.yahoo.com/q/bc?s=%5ESSMI&t=my&l=on&z=l&q=l&c=

 

 American Economy

Apr 28

Pending Home Sales Mar 3.4% up from -0.8% but still stinks

http://www.martincapital.com/index.php?page=graph&view=pending

Apr 29

Case-Shiller 20-city Index Feb 12.9% down from 13.2% -

Consumer Confidence Apr 82.3 flat 82.3

http://www.martincapital.com/index.php?page=graph&view=consumer_sentiment

Apr 30

MBA Mortgage Index 04/26 -5.9% crashing down from -3.3% ----

ADP Employment Change Apr 220K continuing weak 60% of needed job growth 191K

GDP-Adv. Q1 0.1% down from a manipulated 2.6% --

Chain Deflator-Adv. Q1 1.3% down from % 1.6% -  this is the inflation rate leaving out the much higher inflation in food and energy costs.

Net (GDP minus inflation component)  -1.2% down horribly from 1% net annual GDP growth reported last month.

Employment Cost Index Q1 0.3% down from 0.5% which are both significantly negative when corrected for inflation.

Apr 30

Crude Inventories 04/26 1.698M down from 3.524M – getting low

FOMC Rate Decision Apr 0.25% flat May 1 7:30 AM Challenger Job Cuts Apr 5.7% NA NA -30.2% -

May 1

Initial Claims 04/26 344K up from 329K ---

Continuing Claims 04/19 2771K up slightly from 2674K

Personal Income Mar 0.5% up from 0.4% +  

Personal Spending Mar 0.9% up from 0.5%  +

PCE Prices - Core Mar 0.2% up from 0.1% -

ISM Index Apr 54.9 up from 53.7 +

Construction Spending Mar -0.1%  down from 0.1%---  This was manipulated by the administration by revising February down 0.3% and shifting the 0.3% to March.  So we set it back because they lied either last month or this month and they cannot have their cake and eat it too.

May 02

Nonfarm Payrolls Apr 288K up from 203K  still below the minimum “acceptable normal” level.

 Nonfarm Private Payrolls Apr 273K up from 202K  These two together say Obama hired 15000 new government IRS employees in April for taxes and social medicine..

Unemployment Rate Apr 6.3% down from 6.7% not believable, is actually higher than 15% overall with 26% unemployment of those under 30.

Hourly Earnings Apr 0.0% flat from 0.1%

Average Workweek Apr 34.5 flat from 34.5

 

The Markets

May 2 Putin could be planning to secretly sabotage the free-world internet and precipitate a financial crisis. “Internet WWI” may be about to begin as world international socialism seeks to silence critics who would dare call socialists like Hitler, Stalin, and Putin the egotistical and genocidal monster morons of history that destroyed their nations by rotting them intellectually to the core.  Both had enormous intellectual support from liberals in universities throughout the world. Many students got poor grades if they pointed out the inconsistency, insanity, and genocidal tendencies inherent in the socialist style wealth redistribution systems. 

http://www.reuters.com/article/2014/04/29/us-russia-internet-idUSBREA3S0QF20140429

http://www.bloomberg.com/news/2014-04-29/google-warning-on-russia-prescient-as-putin-squeezes-web.html

 

Apr 30 

The churning of the stock market is the stage before a bear market and the final evidence that an economy is tanking.   Market churning is a conditioning process that keeps investors in as long as possible by punishing investors when they panic and sell at a loss and then see the market go right back up.  It allows the smart money a long period to divest into something else such as rental property or depressed shopping malls or commodities and physical real estate that have already tanked.  They are now getting into physical tangible values and selling their speculative market based values.  At some point near the peak the stock holders that are still in think they are geniuses.  The Obama election crash in 2008 dropped the stock market approximately 60% to a level only 40% of the 2007 and 2000 highs.  The stock market had to rise 60/40= 150% from that Obama low to just get back to where it was in 2000 and 2007 with first Clinton and then Bush before Obama.  In other words all the people who thought they were geniuses in 2000 and in 2007 lost lots of money and at best made absolutely nothing when you subtract out the commissions, taxes, advisors, and other expenses.  People who switched from stocks into bonds each time interest rates were peaking did very well too.   At the future bottom of this Obama depression real estate will be one of the best investments and stocks will be a bargain again.  But right now the world economy is being flushed down

 

Look at the last 1+ years of world trade! Use the graph or snapshot option. Unfortunately they do not show back to 2008 when world trade was five times higher than it is today.

 http://www.bloomberg.com/quote/BDIY:IND/chart

 Look at the volatility index and you see that the market could fall much faster. This market has little volume or volatility.  So when volume picks up past history says the market will plunge.  This is not a good moment in time for holding equities.

 http://finance.yahoo.com/q/bc?s=%5EVIX&t=5y&l=on&z=l&q=l&c=

 World market updates:

http://finance.yahoo.com/intlindices?e=europe

http://finance.yahoo.com/intlindices?e=asia http://in.finance.yahoo.com/intlindices?e=asia