U.S. TEA PARTY ALERT!: L.A. City News UPDATE for 8/21/11 - Read About The FUTURE of GLOBAL ECONOMY, TODAY! (Gold is ON THE RISE, in 3P hour, Sunday!)

Greetings from Los Angeles, CA. Ground Zero for phony smoke and mirror, house of cards, non-sense that drove the city over the budget cliff, into unavoidable demise.

NOW, the REST of the U.S. will be finding out all the spineless, non-leadership, empty-exhortations that will prevent the U.S. from taking the actual steps/measures, needed, to take us out of the crisis.

I've been investigating, uncovering, exposing and shutting down fraud, waste and abuse since 2006, when they they first put the hydro pump on this recent, municipal flush, down the drain; which is where the city now lives and breathes.

NEW READERS: It was 5 years of THIS, on a regular basis. (SEE VIDEO) Turned out, it all came true. OH NO! Here's the day I found out Obama was giving L.A. Mayor Villaragiosa $100 million dollars in Federal stimulus money. ZUMA DOGG SCREAMING FOR BARACK OBAMA TO SEND OVERSIGHT & LEADERSHIP! (There's NONE of THAT at L.A. City Hall. And the money disappeared and didn't stimulate who/what it was supposed to.)



Here are today's thoughts at 3PM:

ZUMA TWEETS

• Some overnight GOLD market must have just opened: GOLD just went up $16/oz @ 3pm. Now $1869. Wait till morning. Run from Wall Street! about a minute ago
• OH NO: Everyone KNOWS I'm a prophet, and just got butterflies while focused on Wall St. Something just happened, y'all.. NOT GOOD OPEN, MON! 3 minutes ago
• New readers of http://t.co/zzWLEW7 wondering, "Who IS this guy?" "Prophet, Icon, Hero, Genius, Legend," names media used to describe me. 7 minutes ago
• WELCOME TO http://t.co/zzWLEW7: Aka: L.A. City Hall's daily "to do" Venice checklist. They ALWAYS end up doin' it, one way, or the other. 43 minutes ago
• @Bill_Rosendahl Have a peaceful, blessed vacation. When you return, you'll be doing so to cleaner streets/sidewalks. The LEAST I can do 4 U! 45 minutes ago
• ALERT: RT to local commercial Venice businesses. YOU R NOT PAYING RENT FOR STREET/SIDEWALK. MOVE IT, or LOSE IT! ZD's "Venice Clean Sweep!" 47 minutes ago
• Once again, #ZumaDogg will have to show NC members, bloggers & talk hosts what REAL COMMUNITY ACTIVIST is. It's NOT hot air, it's ACTION! 49 minutes ago
• OFFICIAL PUBLIC NOTICE: ZumaDogg's "Venice Clean Sweep," coming to Venice Streets! BUSINESSES: Get your commercial shit off street/sidewalk. 51 minutes ago
• ZUMA DOGG's "VENICE CLEAN SWEEP," coming to the streets of Venice! Get your SHIT off the street & sidewalk, businesses! YOU'VE BEEN WARNED! 51 minutes ago
• @Bill_Rosendahl: Just walked halfway down Rose to boardwalk and did us BOTH a favor...I turned around and went back inside. HAPPY VACATION! 55 minutes ago
• A FEW OF MY FAVORITE THINGS: GOLD, SILVER, DIAMONDS, WATER. I don't even wear jewelery and only drink energy drinks. Must mean investments. about an hour ago
• In case you are wondering if I think GOLD has peaked. When we look back, this time next year, YOU WILL LAUGH FOR EVEN WONDERING? LOL! NO! about an hour ago
• I''d MUCH rather go to sleep making 1% on a dollar/investment I KNOW will be there in the morning, than potential 8%, when I lose 40% of it. about an hour ago
• #Pensions #401K #TeaParty #Economy: Ask yourself, "Do you REALLY want YOUR lifetime financial security tied to all these world problems?" about an hour ago
• AGAIN, I would rather make 1% on most boring, secure investment, ever; than end up losing 40%, cause I was hoping to make 6%-8%. GET IT? about an hour ago
• A wise man said, "I would prefer to make 1% interest on 100% of my money, than the promised 8%, when I lose 40% during Wall St crash. DOH! about an hour ago
• I think the stock market would be a GREAT place to invest your life savings/pension/city treasury. (If it weren't for fraud and abuse.) about an hour ago
• #OBAMA: "HOPE" is a good thing to invest DREAMS into, during a campaign. But NOT something to invest MONEY into, these days, on Wall Street. about an hour ago
• WALL ST ALERT: If U.S. recovery is based on "job creation," IT'S OVER! They say, "We need to create jobs, NOW!" (Have they NOT been trying?) about an hour ago
• #UNION #BROTHERHOOD: You're (rightfully) mad at "no job" crisis. But ONLY ONE GROUP you can POSSIBLY be mad at: YOUR PENSION COMMISSION! about an hour ago
• @Bill_Rosendahl: Your vacation officially starts! ZD & Sarge will hold down the district while you're off. I'll double my meds 4 U! Love, ZD about an hour ago
• In tweets below, I claim pension fraud is cause of L.A./CA/U.S. economic crisis. This post explains: PENSION FRAUD 101 - http://t.co/rbT6xzz about an hour ago
• PLAIN & SIMPLE: There's NOTHING ELSE that matters/NOTHING ELSE to talk about, as activists, than PENSION FRAUD the general fund must cover. about an hour ago
• In '08, L.A. Pension Fund lost -20%!! It is re-paid out of general fund used for cops, fire, trash, entire city staff. How did past week go? about an hour ago
• If pension commish KNOWS, if you LOSE BILLIONS in overly-risky, non-investment grade stocks, its paid back by taxpayers, ROLL THE DICE, BIG! about an hour ago
• Did you know, when L.A. pension fund loses BILLIONS&BILLIONS on Wall St, losses reimbursed by taxpayer out of GENERAL FUND for ALL SERVICES? about an hour ago
• People of L.A. have NO IDEA what Villar's "Iceland vacation" was REALLY about (PENSION $). They DON'T WANT to know. Not about VIP "perks." about an hour ago
• Will be NO U.S. recovery, long as State/Local Govt continues to invest/lose BILLIONS of pension money in Wall St "Alternative investments!" about an hour ago
• There will be NO U.S. recovery as long as FEDS continue w/bogus STIMULUS projects, like $20 MILLION to weatherize 3 homes/14 jobs created. about an hour ago
• Democrats can blame Republicans/Wall St all they want. CA Dems were in charge during demise & lost the pension money to bogus crony schemes. about an hour ago
• #USA #TEAPARTY #REPUBLICANS #ACTIVISTS #GOP #POLITICS #TALKRADIO Check out http://t.co/zzWLEW7. (New shows keep coming!) about 2 hours ago
• Since '07, ONE BLOG has been SHOCKINGLY accurate in informing you as to what is happening & what WILL BE happening. http://t.co/zzWLEW7! about 2 hours ago
• MASSIVE UPDATES @ http://t.co/zzWLEW7 from late last night. #TeaParty #Obama #Economy #Pensions #LosAngeles #CA #Politics #News See now! about 2 hours ago
• #USA #TEAPARTY #REPUBLICANS #ACTIVISTS #GOP #POLITICS #TALKRADIO Check out www.talkshownet.com. (New shows from ZUMA DOGG, coming!) about 14 hours ago
• #USA #TeaParty @BarackObama: Had to establish myself, EARLY as TOP DOGG: http://t.co/3aHRebm, but I CLEAN UP, nicely!: http://t.co/rgJJkv7 about 14 hours ago
• #USA #TeaParty @BarackObama: Had to establish myself, EARLY as TOP DOGG: http://t.co/WcGvw9I, but I CLEAN UP, nicely!: http://t.co/rgJJkv7 about 14 hours ago
• VIDEO: Los Angeles Under 1st Amendment CRACKDOWN @ L.A. CIty Hall! EVERYTHING ELSE @ RISK AS ACTIVISTS! MUST WATCH!: http://t.co/whBtd6k about 14 hours ago
• If you have FAST EARS, Zuma Dogg (#TeaParty LEADER) EXPLAINS PENSION FRAUD in less than a minute. VIDEO: http://t.co/FN8EaEO (GIve a RT!) about 14 hours ago
• #USA #TeaParty #Republicans #GOP #Politics #FoxNews: MEET YOUR NEW LEADER! YouTube: http://t.co/3BDHWLs (Rest of U.S. is next. RT!) about 14 hours ago
• U.S. TEA PARTY ALERT: Los Angeles, LOST and Taken Over By ILLEGAL STREET ACTIVITY, in EVERY… http://t.co/tRz3noJ about 14 hours ago
• @BarackOBAMA: Since You're On "Working Vacation," Watch This FEDERAL MATTER on Venice Boardwalk. http://t.co/aNeElE8 (Venice always FUN!) about 15 hours ago

Zuma Dogg Gives His Opinion of "Smart Growth" (Aka: Extra Density) during political forum.


PREVIOUS POST: U.S. TEA PARTY ALERT: Los Angeles, LOST and Taken Over By ILLEGAL STREET ACTIVITY, in EVERY NOOK & CRANNY...SAFE SPACES LOST! LAPD CANNOT ENFORCE! (It's a "Hallmark" HEART-BREAKER!)

GOLD is $1042 an Ounce! (Up $24.70)

As of this post, GOLD was $1042 and ounce, up $24.70 on the Kitco LIVE Gold Chart. Looks like it was even a little higher.

Read all about it on CNBC and Bloomberg. I know this is in response to the Australian rate increase and Wall Street is flying high at the same time oil is expected to rise, job picture is bleak, and GOLD is this high.

PLEASE WATCH YOUR PORTFOLIO ON A DAILY BASIS. There is a 24 hour Gold chart on this blog at all times and I have added the CNBC and Bloomberg links for you to check in throughout the day with. Since my focus is shifting back to a more balanced approach as opposed to wall-to-wall city hall, this is the type of stuff I need to dive back into and see what is up. Because I don't buy all this fake stimulus prop up of the economy and DO feel it's going to come crashing down hard. When, I have to check into. But for now, I'm elevating the alert level to "monitor daily and throughout the day." AND, the markets continue when it is evening and late evening. And you should check in to cnbc and Bloomberg before bedtime to see which way the wind will be blowing in the morning. You might have to wake up at 5am, Pacific Time to start dealing with it. Make sure you have your account set up to be able to press the button to SELL EVERYTHING and convert into cash or whatever is safe, with an internet account. Put in the stop losses. DO NOT GET CAUGHT OFF GUARD.

I am not saying do anything differently today that you would have, before you read this: EXCEPT...to be aware and make sure you are monitoring the situation on don't leave it to your stock broker. That's like leaving it to your Councilmember. Their interest is usually the opposite of yours and will say anything to sucker you along for the ride.

WALL STREET ALERT: Gold Tops $1000/ounce Overnight

Dear Friends,

Some of you may be aware of my warnings regarding Wall Street and the global economy when two years ago I made some pretty bold predictions regarding BIG, BIG, SERIOUS troubles and that the market would be tanking and we would have a global recession coming our way.

I warned of pension money being at risk and warned all my friends and family to GET OUT of the market and invest in GOLD at the time.

MOST didn't listen, because who would want to listen to Zuma Dogg on Wall Street advice.

I was 100% correct on EVERY level with SHOCKING specificity.

You can choose to dispute my prophetic warnings, or not.

I AM HERE TO SAY THAT GOLD JUST HIT $1004 PER OUNCE, cracking $1000 for the first time in six months.

I AM NOT GOING TO TELL YOU WHAT YOU SHOULD, OR SHOULDN'T DO (but if you want to know what I think, feel free to call me/no emails on this)...

I AM ONLY HERE TO URGE YOU TO PLEASE PAY VERY, VERY, VERY, VERY, VERY, VERY, VERY, VERY CLOSE attention to Wall Street as of today.

DO NOT TAKE THIS NOTICE LIGHTLY!!!

Beware Wall Street 420 Point Rally...With Dollar Weaker, Expect OPEC To Find Excuse To Raise Prices

Although Wall Street was hoping for a full point rate cut, but only got a 3/4 point cut, looks like it was enough for the Dow Jones index to rally up 420 points for the day (closing at 12391). Better than expected earnings in the brokerage sector was a big boost, too! Overall, best UP day on the Dow since April 2001 and best day for the S&P since October 2002.

However, this Fed funds rate cut (on top of other recent rate cuts) has sent the dollar to record lows (a weaker dollar).

Well, if OPEC (Oil sheiks) get paid in dollars...how do you think they feel being paid in dollars that are becoming lower and lower in value? And they don't feel like taking a pay decrease. So look for them to figure out a way to keep the price above $100 a barrel (on the way to $110, $115, etc.) per barrel. An unexpected production disruption is always a good way to achieve this goal.

With oil at, or around $100 (plus) per barrel as it has been this year creates a major problem for many, many -- many U.S. companies who were planning on oil being $85 per barrel when they made their annual projections for investors.

Airlines for one will be hit hard. But beyond the obvious, take a company like Dow Chemical -- whose CEO said they plan on oil being $85 a barrel in '08. Any company that uses plastic will be hit with increases since oil is used for plastic. What is going to happen to these companies' profits at $100 (plus) per barrel?

And what is going to happen to food costs when farmers who grow corn and wheat when these higher fuel costs are passed on to farmers? And higher wheat and corn prices for human consumption, means higher prices to feed the cows and chickens for meat, too. Plus, the added fuel cost to deliver products. All of it will mean added inflation in the production and transportation of U.S. goods and services. (Inflation spiral up, y'all!)

Former Fed Chairman Greenspan urged the oil sheiks in Saudi Arabia to move the oil exchange off of dollars and into Euros. That would make the inflation in the Gulf region lessen substantially since Euros are now worth more than dollars. This will make matters even worse for the U.S. by de-valuating its currency by about 20% overnight if they act on his recommendation.

GOLD is down from record highs over $1000 this week (as high as $1028 this week), possibly because investors were looking for a full point rate cut; investors need to sell profitable gold positions to cover losing margin calls elsewhere; and because the Fed cut causes an initial boost of cash into the U.S. market (driving gold down) -- but the Batcomputer says with oil at $100 -- and credit spreads (derivatives market) widening -- the 3/4 point cut won't be enough to get in front of the curve.

So enjoy the rally, but this might be a good time to increase your position in gold (because the trend line says gold is only going higher in '08 as inflation worsens) -- and it'll be tough to make a buck with oil at these prices.

StrategyUpdate.com

WALL STREET ALERT: Market Losing Confidence -- Bush To Speak on Economy at 11:15 AM; Fed Ready To Step In

UPDATE 10:42 AM -- WALL STREET ALERT: If you are a stock investor -- YOU DEFINITELY WANT TO PAY ATTENTION TODAY!!! Problems at Bear Stearns. Gold is now at $1006; Fed announces they are monitoring markets closely and are ready to add liquidity to keep market functioning...the DOW is DOW-N 200 points...treasuries surge as stocks fall...dollar hits record low against euro...gold at an all time high. This could be a sign "smart money" is pulling out of the market. President Bush to speak on the economy at 11:15 AM. If they don't bring out the paddles, soon...gonna lose the patient on Monday.

The Fed has announced that Bear Stearns will not be on the hook for their financial problems (some kind of arranged bail-out where the Fed reserve, using JP Morgan as a conduit, where the Fed buys up the debt.) These types of measures being used to help keep the market propped up ain't gonna stick in the long run. These up and down volatile fluctuations are a sign that the floor is about to cave in. That could happen starting Monday, if not later today. MEASURES TAKEN BY BUSH/FED TODAY MAY KEEP THE BOTTOM PROPPED UP FOR A LITTLE WHILE LONGER...BUT BE VERY, VERY CAUTIOUS.

When gold rises to $106 and people start moving to treasuries...those are "flight to safety" moves. And investors HATE safety moves. Be careful buying gold and silver today and Monday, though...because at these super high highs...automatic sells are triggered "profit taking" at a long of the big hedge funds and investment firms. These are pre-set computer triggered limits that sell no matter what. So at these levels, I would expect to see that. However, I've noticed recently that these sell offs are shorter lived as global economic fundamentals keep gold moving higher in the face of trader sell-offs.

SEE LA DAILY BLOG WALL STREET NEWS WIRE FOR MORE

WALL STREET ALERT: We Warned You It Was A Suckers Rally!!! Gonna be a painful day for Dow Jones

Zuma's Batcomputer just sent a Wall Street alert that today is gonna be a "DOW-N" day for the Dow. One of those painful down days that reminds you how fragile the economy is. Oil at $110 per barrel ain't helping the already sucky housing, credit and bond markets and weaker than ever dollar. Margin calls are hitting some of the big boys real hard! (See Carlyle story). Oil will continue to skyrocket higher than your worst nightmare ($145-$150 in the short run.) What is causing the rise in dollars per barrel? The U.S. is backing Columbia vs Venezula's Hugo Chavez, so the risk of oil supply disruption is already driving the price up. (Hugo might turn off the oil switch.) Remember, when oil goes up -- so does gold. Silver ain't doing bad, either. GOLD is at $990 and SILVER is at $20.42 in overnight trading.





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LA Daily Blog Wall Street Update for Thursday March 6, 2008

DOW JONES CURRENTLY DOWN 116 POINTS (10:48 AM)

Oil, gold, silver, platinum, cooper, wheat, agro, all hit record levels yesterday and oil broke the $105 mark today. A weak dollar, housing and credit problems, and rising cost of commodities means it's time to check in with the StrategyUpdate.com News Wire.




NEW STRATEGY UPDATE BUZZWORDS:

"Reflation" (Recession during inflation)
"Incession" (Inflation during recession)
"Fuctconomy" (U.S. position in global market)

Click "Read more" on the news wire to scan all the stories. Go to StrategyUpdate.com for 24 hour LIVE gold and metal charts, CNBC, Bloomberg micro TVs, analysis and all the links you need for the trading day.

Click here for Summary Page" of previous LA Daily Blog stories.

LADailyBlog News Wire For Tuesday Morning

MAYBE HE THOUGHT NO ONE WOULD NOTICE AS LONG AS ROBIN KRAMER IS CHARGE:
Los Angeles Times - Opinion: Voters will have to decide if the mayor's travels to campaign for Hillary Clinton are hurting or helping the city. The Times reported Monday that Villaraigosa has spent 18 of the last 65 days out of town, campaigning for Clinton. In just over two months, that's nearly a third of his time. Traveling with him are City Hall aides (using vacation days) and his police security detail. Is Los Angeles winning or losing from this arrangement? (See article under "Zuma's News Wire")

HILLARY IS HOT: Don't confuse the commentary with support, but Hillary has finally found her voice, and has been kicking ass this weekend in Ohio, and Monday night in Texas. Not that she would have been able to stop the Obama train, but I think she would he a hell of a lot better off, today...if the campaign was just starting based on how she is finally doing the best that she has done in front of the cameras. (Even if her voice is still annoying in big crowds, that won't be a factor after the election.)

WEAK DOLLAR: Glad I don't have any! Former Fed Greenspan was heard suggesting to the United Arab Emirates to dump the dollar. (I wonder if they can pay Related Co in foreign currency for the Royal Family of Dubai's investment at Grand Avenue Project. And CNBC reported that some NYC retailers are now accepting the Euro.


GOLD & COMMODITIES ARE HOT: Even Calpers has pulled out of Grand Ave Project and dumped money into commodities. Some say it's all a bubble is going to burst, but others (like ZD) feel it is demand based and will keep rising. Jim Cramer says gold is going to $1600 and silver is just as good. Plus the agriculture sector.StrategyUpdate.com for 24 hour gold and metal charts and Wall Street analysis by global economy guru MC Zuma Dogg.


MATT DOWD COMMENTS ON VENICE BEACH: CM Bernard Parks warned that Tennie Pierce's dog food settlement would be cheaper, while CM Dennis Zine says you gotta fight for your right/no settlements. (See thread below for extra $1.6 million on top of it all.) Not that this has anything to do with that...unless it does. (See first comment of this thread for more.)

MATT DOWD & ZUMA DOGG "LIVE" (Many rock stars are also influential political figures! Matt & ZD are no exception.)







Click read more: Unfortunately the older stories are on top (countdown style) so you have to click your way up to newest ones.

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Dow Jones Down 315Points!!!

Zuma Dogg has been warning of economic problems that would be affecting the stock and bond market over the past few months. I posted a subprime bubble burst warning (that would trigger a recession at year's end) in May '07 that came true, right on time. I started a website for all my friends and family to monitor the market and a place to blog my predictions and analysis. StrategyUpdate.com

If you are wondering why the DOW is down 315 points today, although I haven't blogged anything new this week, it's all about what has already been posted that is causing today's sell off. Monday ain't gonna be pretty, either. Neither is this year. (Or next.)

Bond insurer crisis, credit markets (spreads getting wider=bad news), subprime foreclosures, bad job numbers, higher commodity prices, gold/oil at record levels, Fed Chairman Bernanke's doom and gloom comments yesterday, and the muni bond market failing (links to stories on this blog) are all contributing factors, like one big symphony playing a sad, depressing tune.

Gold, wheat, oil, copper, metals, commodities all on a long term upward trend. This isn't your college professor's textbook market anymore. Need to write some new chapters on "global economy and fundamental shifts".

GOTTA FOOD?: Emerging markets like China, India and others gotta eat and they will be consuming more expensive food sources like protein (meat, chicken) as these populations become wealthier, like Americans, now that they have profited off the U.S. long enough, so they are now living the American Dream, causing the market to drop 315 points today (at the time of this post), making it an American Nightmare in the U.S.


StrategyUpdate.com