Bodies of Up to 40 Sex Torture Victims to Be Sought in New Mexico Lake

Published October 10, 2011

ALBUQUERQUE, N.M. –  Police have reopened the unsolved case of an Albuquerque woman missing for 16 years after authorities received new information connected to a man who boasted in writings that he was responsible for around 40 victims.

Albuquerque police are set to join FBI agents and New Mexico State Police on Tuesday in a search around Elephant Butte Reservoir and nearby caves where they believe David Parker Ray may have buried some of his claimed victims.

Police suspect that 22-year-old Jill Troia, who disappeared in 1995, is among the possible victims buried somewhere in vast terrain of the reservoir in southern New Mexico.

Ray wrote detailed accounts of sexual tortures and burials of victims, including one he described as an Asian woman — a description that fits Troia. But authorities have said it’s unclear if his writings were fantasies or actual crimes he committed.

Ray was arrested in 1999 after a naked woman wearing only a dog collar and chain fled his home. She told police she had been tortured by Ray, and investigators later found surgical tools and video cameras inside his 20-foot-long white trailer that he dubbed a “toy box.”

He was initially charged with 37 counts involving three women — the woman who fled naked, a Colorado woman who was tortured in 1996 and another woman.

In 2001, Ray was convicted of kidnapping and torturing the Colorado woman, and he pleaded guilty to kidnapping and rape charges in the case of the woman who fled naked. The third case was dismissed as part of a plea bargain.

He died in prison in 2002. No bodies have ever been located after a number of searches in the area around the reservoir.

Troia, an Asian-American woman who was adopted, came to Albuquerque when she was in the U.S. Air Force and was last seen in October 1995 at Albuquerque’s Frontier Restaurant with Ray’s daughter, Glenda Jean Ray.

She was reported missing after Albuquerque police said her mother wrote to police from her home in Michigan. Albuquerque police said Troia had dated Glenda Ray, who also goes by the name of Jesse or Sissy Ray.

Albuquerque police have long believed Ray and his daughter were connected to Troia’s disappearance, which remains Albuquerque Police Department’s only known cold case related to David Parker Ray.

Neither was ever charged in connection with Troia’s disappearance.

Glenda Jean Ray pleaded no contest to kidnapping charges in 2001 and was sentenced to 2 1/2 years in prison, plus five years of probation in connection to her father’s sex torture case.

Ray’s girlfriend at the time of his arrest, Cynthia Lea Hendy, told police that Ray disposed of bodies — both men and women in ravines and in Elephant Butte Reservoir. She was sentenced in 2000 to 36 years in prison after she pleaded guilty to accessory and kidnapping charges and agreed to cooperate with investigators to avoid a life prison term.

Authorities didn’t release any other names of possible victims. However, FBI spokesman Frank Fisher said authorities are reinvestigating cases of missing women from the time period to see if they are connected.

A new DNA missing persons’ database could help identify remains, if any are discovered, he said.

Authorities are hoping that previously unknown victims who survived Ray’s torture come forward and provide new information, Fisher said.

By phoebe53 Posted in Crime

Semper Fi: Marines Coming To Protect Protesters On Wall Street

October 1, 2011
The thousands of indefatigable Wall Street protestors, risking their eyes and recording equipment against Wall Street’s personal jack-booted thugs in the NYPD, recently garnered even more support– the US Marines. That’s the type of support that may make an NYPD cop think twice before he decides to go all Tiananmen Square on a group of teenage girls, armed with chalk and cardboard signs (maybe it’s because they are spelled properly?).

The Occupy Wall Street movement may have thought it broke new ground when the NYC Transit Union joined their movement, but that ground just tipped the Richter Scale with news that United States Army and Marine troops are reportedly on their way to various protest locations to support the movement and to protect the protesters.

Here’s the message Ward Reilly relayed from another Marine, on his facebook page:

“I’m heading up there tonight in my dress blues. So far, 15 of my fellow marine buddies are meeting me there, also in Uniform. I want to send the following message to Wall St and Congress:I didn’t fight for Wall St. I fought for America. Now it’s Congress’ turn.

My true hope, though, is that we Veterans can act as first line of defense between the police and the protester. If they want to get to some protesters so they can mace them, they will have to get through the Fucking Marine Corps first. Let’s see a cop mace a bunch of decorated war vets.I apologize now for typos and errors.

Typing this on iPhone whilst heading to NYC. We can organize once we’re there. That’s what we do best.If you see someone in uniform, gather together.

A formation will be held tonight at 10PM.

We all took an oath to uphold, protect and defend the constitution of this country. That’s what we will be doing.

Kudos, Mr Reilly!Thank You for having the courage and foresight to see past the transparently false and empty patriotism perpetually touted by the defense skanks and petro whores in Congress in order to keep their campaign coffers filled to the brim. Meanwhile, your brothers and sisters suffer massive cuts and are forced to live with PTSD, with little if any help from the very government and country for which you have sacrificed so much. Thank you for recognizing this movement not as a bunch of screaming white liberal kids with Henna tattoos, but as a universal and profound rejection of the unchecked and undue influence the plutocrats on Wall Street have had on the decision-making in Washington. Thank You for your service, and thank you for seeing through all the mountains of bullsh#t being shoveled around the clock by the Koch Bros. puppets in Washington via their lapdogs in the media.

It’s safe to say to if Mr. Reilly and his fellow marines lend their voices, it could be a defining moment that gives the Occupation of Wall Street movement the just right amount of fuel it needs to catch fire. After all, it would be interesting to see the media ignore  NYPD cops pepper spraying decorated war veterans, assuming the donut marchers dared to even consider the notion of trying.

Bloomberg: Occupy Wall Street Can Stay Indefinitely

  • October 10, 2011, 12:33 PM ET

Mayor Michael Bloomberg said on Monday that he’ll allow the Wall Street protesters to stay indefinitely, provided they abide by the law, marking his strongest statement to date on the city’s willingness to let demonstrators occupy a park in Lower Manhattan.

“The bottom line is – people want to express themselves. And as long as they obey the laws, we’ll allow them to,” said Bloomberg as he prepared to march in the Columbus Day Parade on Fifth Avenue. “If they break the laws, then, we’re going to do what we’re supposed to do: enforce the laws.”

Bloomberg said he has “no idea” how much longer the Wall Street demonstration will last. “I think part of it has probably to do with the weather,” he said.

Up til now, the mayor has been cagey when asked how long he’ll allow the protesters to stay, replying: “We’ll see.” His words Monday morning signal a stronger commitment to allowing the demonstration to continue unimpeded by municipal government.

Occupy Wall Street calls itself a resistance movement with participants from myriad backgrounds.

Bloomberg, the city’s 108th mayor, has a long track record as a strong defender of first amendment rights. Last year, he passionately defended plans to build a mosque and cultural center two blocks from the World Trade Center, a controversy that dominated media for months.

“This is the place where you can protest,” Bloomberg said last week, calling New York the “most tolerant, open city in the world.”

“Whether it’s the mosque or anything else, this is a city that values people’s rights and gives them the ability to say what they want to say. I think more so than any other city that I know of around the world,” he said.

The mayor has also defended the NYPD during several incidents with protesters during the past few weeks.

“We will enforce the law,” he said. “The freedom of speech is the freedom to say what you want to say but it is also the freedom to let people have opposing views, and people that don’t want to…say anything to go about their business.”

Want to beat your wife, move to Topeka

Unfrigginbelievable!  Topeka has just become the middle east of the US.   Sharia law is now alive and well in Topeka! 

Cash-Strapped Topeka May Stop Prosecuting Domestic Violence

Funding spat has allowed offenders to walk

By Greg Wilson
|  Monday, Oct 10, 2011  |  Updated 3:04 PM CDT

Cash-strapped Topeka, Kansas, has decided to stop prosecuting domestic violence casses in order to save money.

The City Council announced the proposal Oct. 4, after the Shawnee County District Attorney’s office announced it could no longer prosecute misdemeanors, including domestic violence cases. The city’s maneuver may even require repealing the part of the city code that bans domestic battery. Mayor Bill Bunten told the Topeka Capital-Journal city officials take domestic violence seriously, and it would be “dead wrong” to assume offenders won’t be prosecuted. But the dispute is over who would pay for it, he said.

Shawnee County has already dropped 30 domestic violence cases since it stopped prosecuting the crime on Sept. 8. Some 16 people have been arrested for misdemeanor domestic battery charges and then released after charges were not filed.

County District Attorney Chad Taylor has reportedly offered to review all misdemeanor cases filed in Topeka for potential prosecution, including those now handled by the city’s municipal court, in exchange for a one-time payment of $350,000 from the city.

The Topeka YWCA said the problem must be resolved.

“When an abusive partner is arrested, the victim’s danger level increases,” Becky Dickinson, interim director of the YWCA Center for Safety and Empowerment, told the Capital-Journal. “The abuser will often become more violent in an attempt to regain control. Letting abusive partners out of jail with no consequences puts victims in incredibly dangerous positions.”

By phoebe53 Posted in Crime

New role of Govt: Organize protests

SHAMEFUL!!   Democrats organizing protests to protest the same people they bailed out.   SHAMEFUL!!

Democrats Offer Solidarity to Wall Street Protesters

Published October 10, 2011

The Democratic Party moved a step closer to embracing the Occupy Wall Street movement as its own with the top campaign arm for House Democrats sending around a petition urging people to “stand with” the movement.

In an email sent Monday morning, Democratic Congressional Campaign Committee Director Robby Mook appealed for signatures to an online petition in support of those who want “to let billionaires, big oil and big bankers know that we’re not going to let the richest 1% force draconian economic policies and massive cuts to crucial programs on Main Street Americans.”

The DCCC is trying to gather 100,000 names on the petition to “send a message straight to Eric Cantor, Speaker Boehner, and the rest of reckless Republican leadership in Congress.”

The appeal comes after House Majority Leader Eric Cantor and other Republicans sharply criticized the protesters on Friday. At a Values Voter Summit in Washington, Cantor said he was “increasingly concerned about the growing mobs occupying Wall Street and the other cities across the country.”

He described them as “the pitting of Americans against Americans,” and scolded those who would condone them.

“Getting American back to work means fueling a culture of entrepreneurialism, a culture of competitiveness, a culture of inspiration and optimism,” he said.

At the same summit, businessman and GOP presidential candidate Herman Cain called the demonstrations “anti-capitalism” and “anti-free market.” On CBS’ “Face the Nation” on Sunday, Cain said it is “anti-American” to protest bankers. He said Wall Street didn’t write the “failed economic policies.”

In response to Cantor, House Democratic Leader Nancy Pelosi said Cantor is being selective in his criticism of popular movements.

“I didn’t hear him say anything when the Tea Party was out demonstrating, actually spitting on members of Congress right here in the Capitol, and he and his colleagues were putting signs in the windows encouraging them,” she told ABC’s “This Week.”

Pelosi said she backs the protesters in their message.

“I support the message to the establishment, whether it’s Wall Street or the political establishment and the rest, that change has to happen. We cannot continue in a way that does not — that is not relevant to their lives. People are angry,” she said.

While the protesters have hit on everything from war to the current crop of Hollywood films, demonstrators primarily criticize the nation’s big banks for burdening average Americans with loan debt, squeezing out borrowers, slapping customers with new fees and withholding trillions in capital. They say the richest 1 percent of the nation are hanging onto the wealth to the destruction of the other 99 percent of the nation.

A document put out at the end of September attempts to sum up the initial grievances. The Declaration of the Occupation of New York City takes aim at corporations for using an “illegal foreclosure process” to take houses; taking “bailouts from taxpayers with impunity” while paying “exorbitant” executive bonuses; holding “students hostage” with education debt; influencing politicians with donations and about 20 other offenses.

Indeed, the banks have in part have acted in response to the 2008 crisis and bailout, which required financial institutions to retain a higher amount of capital reserves. The agreement for federal aid was followed by a Wall Street reform bill supported by President Obama and named after two Democratic lawmakers, ex-Sen. Chris Dodd and Rep. Barney Frank, which capped swipe fees on debit cards and imposed regulations on lending, among other items. The law also ended the practice of the federal government bailing out banks.

On NBC’s “Meet the Press” Sunday, former White House chief of staff and current Chicago Mayor Rahm Emanuel defended Obama’s handling of the banking crisis.

“President Bush passed TARP, President Obama put the stress test in — put and made sure that they raise private capital and passed a financial reform,” Emanuel said. “Not all of that is perfect.”

Still, he said, Obama showed “leadership” whereas Europe, which is still in the throes of a potential economic meltdown, “took a pass.”

Obama said last week that he thinks the protesters are “giving voice to a more broad-based frustration about how our financial system works.” White House Press Secretary Jay Carney added that the protests on the streets of New York are “an expression of democracy.”

As for the demonstrators, the Columbus Day holiday gave many additional free time to rally in Washington, D.C., and beyond. Protesters camped out in Freedom Plaza near the Treasury Department in Washington said they planned to stay longer than their permit allows, and would be willing to risk arrest.

“We have until 2 p.m. today to remove our possessions. We do not intend to do so. We suspect that if the police want to remove us by force they will wait until evening. So we’re throwing a dinner party, and 99% of the country is invited. Our permit is now the First Amendment to the United States Constitution,” wrote David Swanson, a member of the Stop the Machine protest group.

One Democratic congressman who tried to show some solidarity with the protesters in Atlanta was turned away. In a video posted online, Rep. John Lewis, D-Ga., could be seen attempting to address an Occupy Atlanta crowd. But through a confusing system of parliamentary procedures, the group’s leader determined there was not enough “consensus” among the group to proceed, and Lewis ended up leaving. He later said he felt no slight by the refusal to speak.

Along with the September declaration, a related 55-page document posted online includes ideas for a “new economic charter.” Among the suggestions is a new salary structure, through which doctors would be paid $28,000; lawyers would be paid $27,500; teachers would be paid $35,000; and bankers would be paid $20,000. Under that suggestion, submitted by one unnamed member of the “charter collaborative,” the president would take home a cool $40,000.

It’s unclear whether supportive lawmakers will be able to fully integrate with the movement.

The Coming Starvation In America…n_America.html

The Coming Starvation In America

By James P. Wickstrom
Antechamber. net

The government of the United States, by Law was to always maintain a three year mixed- grain survival storage for every man, woman, and child in the United States.

Like most Laws of the land, the politicians never took heed as to why our wise ancestors had this reserve requirement established. It was to make sure, that, in the time of a National Emergency, the people had the most important mainstay needed for survival individually and as a Nation. Remember, the people make the Nation, the Nation does not make the people.

In the 1960’s and 1970’s the different political administrations of Washington, D. C. walked away from sanity and started to give the surplus grains which where in elevator storage all over the country, to other nations, such as the Soviet Union, India, etc.. This continued over two decades, until the elevators were empty and the reserve of grains that were in reserve as per a national crisis…. were gone. Of course this was done as to enhance international “friendship” with other nations, even if those other nations were self-admitted enemies of the United States.

Remember, there was enough grain in storage, paid for by the American tax- payer, to last the masses inside the United States for three full years, if need be. But now it all is but gone!

By 1996, the United States Department of Agriculture (U. S. D. A.) claimed that there was enough food in ware-house storage to last every man, woman and child in the cities a 3 day supply and a 5 day supply for every man, woman, and child in the countryside, should a great national emergency occur. In other words, if food trucks stopped running, the food supplies for the masses would be 3 days in the cities and 5 days in the countryside.

In 2003, the U. S. D. A. stopped measuring for “days in reserve” of food for every man, woman, and child in the United States because the amount of food in storage in the United States dropped under a 1 day food supply for every man, woman, and child in the United States. Thus, the U. S. D. A. started to measure in individual pounds as to how much food was in the food-chain per person in the United States as per 300 million people.

In 2003, there was 77 pounds of food per person in the warehouse food- chain in the United States. What this means, is that during a national emergency, only 77 pounds of food per person is available before all food is TOTALLY GONE in the United States.

By September of 2005, there is now only 15.7 pounds of reserved foodstuffs in the food-chain for every man, woman, and child in the United States. This means that there has been an 80% decrease in the past two years. That decrease is becoming greater with every passing day in the United States. Of the 15.7 pounds of warehoused reserved food-stuffs, 11.0 pounds of the 15.7 pounds consists of unprocessed wheat. The rest of the 15.7 pounds of survival foods in storage for every man, woman, and child, totaling 4.7 pounds, consists of the following foods:

1. Non-fat dry milk 2. Cheese 3. Corn by the bushel 4. Peanuts by the pound 5. Lentils by the pound

That’s it folks ! . . . This is what the District of Columbia has set aside representing the 15.7 pounds in the survival food-chain for every man, woman, and child to stay alive on. This is not a daily supply, this amount represents the total food everyone will get for …. how long, who knows!

The U. S. D. A. Crop Production Report per September 12, 2005, contained said information, and this information was brought forth by Alan Guebert of the Farm & Food Report.

Collective communist farming failed in the Soviet Union and communist China, and the present form of Collective Farming (paying the farmers not to grow food) has totally failed in the United States.

Mr. Guebert also stated, that one more disaster as the likes of the hurricanes Katrina or Rita against the United States, or anything to compare to such in whatever way, would create such a food panic, it would make the New Orleans rioting look like the Mardi Gras.

The United States Government for the past 75 years has been driving the United States deeper and deeper into the realm of communism. The United States is financially broke, the farms are broken down, the Nation has been de-industrialized, and the outsourcing of jobs continues to this day. Both corrupt federal administrations, the Democrat and Republican eat off the same plate. They have labeled that plate; “Screw the taxpayer, each and every one of them.”

Our European ancestors were very wise, honest and full of common sense. They had food cellars where they had food canned, that could last them well over a year, insuring them that they would be able to plant a crop the following summer, and still be able to survive waiting for crops to mature and harvest. They did not rely on the corrupt politicians who are liars and thieves.

But as I said, time passed by and the people put a false trust in their elected and appointed public servants thinking that these same people were looking out for their personal interests. How sadly wrong the people were then, and still are.

In conclusion, I highly suggest that you pull your head out of the sand, check your food supplies, and if you do not have 6 months to a years food in reserve, then you had best sell something or do whatever you have to do, to immediately prepare yourself and your loved ones for safety. If you can store two years at this time: DO IT AS SOON AS POSSIBLE!

Remember, the 15.7 pounds of food in reserve is becoming less by the day, and at the present rate of speed, the United States is heading to what is called…. meal to meal. One more major disaster will drive the United States to its knees.

The federal government, for itself, has millions of tons of preserved foods stashed away in underground storages, but this food is not for the masses, unless they surrender their firearms, and then they will get a food coupon from the *feds* to buy out of the federal government food warehouse wherever it is set up in your area.

…………. has always subjected and controlled the masses using FOOD. Remember, FOOD CONTROL IS PEOPLE CONTROL. New Orleans was your cue: Now prepare! You have been warned.

Your blood is off my hands!

James P. Wickstrom

“Joe the Plumber” running for Congress


By Reid Pillifant

10:53 am Oct. 10, 2011 | Tweet this article

Samuel Joseph Wurzelbacher, better known as “Joe the Plumber,” has formed a congressional campaign committee and filed a statement of candicacy, according to the Federal Election Commission’s website.

The filing for “Joe for Congress 2012” was just submitted on Friday, and the scanned file does not yet appear on the FEC’s site, and went without notice, to my knowledge, until a couple of hours ago.

The statement of candidacy isn’t online yet, but it lists Wurzelbacher in Ohio’s Ninth District, which has been held by Democrat Marcia Kaptur since 1983. Wurzelbacher floated the idea he might challenge Kaptur in 2010, and there have been rumors recently that he might consider a run.

Wurzelbacher catapulted into the national spotlight in October 2008, when he confronted Barack Obama about the effect of his proposed tax plan on Wurzelbacher’s small business. The encounter, during a campaign stop in Ohio, came a few days before the final presidential debate, and the plumber’s everyman cause was then picked up by Senator John McCain, and became a big part of the Republican message.

Another Satellite hurling towards Earth

Brace for impact: Scientists warn ANOTHER out-of-control three ton telescope is hurtling towards the Earth at high speed

By Allan Hall

Last updated at 6:29 PM on 10th October 2011

Earth has been told to brace for a possible satellite collision as an orbiting telescope weighing nearly three tons has spun out of control and is plummeting homewards.

ROSAT, a German X-ray telescope built with British and American technology, has been orbiting the Earth since 1990 and has provided invaluable data on stars. But they lost contact with it in 1999.

It is now predicted to re-enter Earth’s atmosphere at the end of this month.

The German Aerospace Center has warned that 30 ‘individual pieces weighing a total of 1.6 tons may reach the surface of the Earth’.

ROSAT’s heat-resistant mirror in particular may not burn up upon re-entry and falling debris may include razor-sharp shards.

However Professor Heiner Klinkrad of the European Space Agency assured: ‘Until now in the more than 50-years of space history not a single person has been harmed [by pieces of falling satellites].’

ROSAT was launched on June 1, 1990, from U.S. launch site Cape Canaveral  for what was originally intended as an 18-month mission.

It actually operated for more than eight years, finally shutting down on February 12, 1999. It is now expected to hit the Earth at some point between now and December.

Odds are long of anyone being hurt, but emergency services in Germany are practicing drills to deal with debris injuries just in case – although there is no evidence that it will land there as opposed to anywhere else.

Last month the German space agency estimated that ROSAT has a 1-in-2000 chance of hitting someone – higher than the 1-in-3,200 odds Nasa gave for UARS, the last satellite to fall to Earth.

But any one individual’s odds of being struck are 1-in-14trillion.

Heiner Klinkrad, head of the Space Debris Office at the European Space Agency, said in a webcast posted on the German Aerospace Center’s website: ‘It is not possible to accurately predict ROSAT’s re-entry.

The uncertainty will decrease as the moment of re-entry approaches.

‘It will not be possible to make any kind of reliable forecast about where the satellite will actually come down until about one or two hours before the fact.’

Last month, Nasa’s six-ton, bus-sized Upper Atmospheric Research Satellite made its final fiery plunge into the Earth’s atmosphere.

Americans had been warned that the 20-year-old orbiter could cause injuries and damage to property as it dropped about two dozen pieces of debris on to Earth weighting up to 300lbs.

The satellite was far smaller than the 135-ton Russian space station Mir, which fell to Earth in 2001 or the 100-ton Skylab that fell in 1979.

So far this year, two large Russian rocket stages have also fallen to earth without inflicting any injury.

Mir fell into the South Pacific, while Skylab hit the Indian Ocean and parts of sparsely populated western Australia. Because two-thirds of the Earth is ocean, space debris usually hits water.

Nasa urged anyone who finds a piece of the UARS satellite not to touch it.

The Perils of Leverage

by Alan Abelson
Monday, October 10, 2011

The Occupy Wall Street protestors have struck a chord among some unlikely suspects.

It figures. First we have the Great Recession. Then the Not-So-Great Recovery. That, in turn, gives way to the Great Stagnation. Which, as night follows day, is followed by what seems to have the makings of the Great Backlash in the form of the budding street protests against Wall Street.

All of which is bound to inspire the notion of a Great Conspiracy, whose unspoken aim is to

quell the unrest by pumping up what the perps perceive as its root cause—the morbidly anemic stock market. A tortuous sequence, which nonetheless supposedly explains the welcome resurrection of share prices after the bloody pounding they absorbed during the third quarter.

Even the most delusional conspiracy fancier this side of a psychiatric ward might hesitate to suggest that fat cats, cunningly disguised as run-of-the-office working stiffs (and wearing polyester suits to further the misperception), gathered in the rear of some rancid beer joint on the lower West Side to collude. Fat cats are shrewder than that. And they also aren’t overly fond of beer (makes their tummies bulge). Besides, they’d never have attained fat-cat status unless they knew instinctively what to do and when to do it.

We apologize for being slow on the uptake as to what, according to this strained scenario, made the market finally bounce last week, mostly because we erred grievously in assessing Occupy Wall Street. It appeared on hurried glance to be composed of such a ragtag bag of adrenaline-driven wastrels, we couldn’t fathom how anyone could take them seriously. How wrong we were!

For however diffuse and even dubious their credentials, and for all their quixotic confusion in attacking a metaphor as if it were a living, breathing embodiment of malfeasance, they obviously have struck a nerve in the public at large, especially among that not-insignificant portion of the population that is suffering all the ills a costive economy can inflict. And, like disgruntled throngs everywhere these days, they have proved adept at enlisting that amorphous but powerful thing called “social media” in enhancing their numbers and propagating their cause.

Their plaints are various and fairly fuzzy, but seemingly boil down to this: The protestors are in a financial pickle and have been forced pretty much to fend for themselves, while banks and the rest of the financial sector, when mired in similar woes (mostly of their own making), had been bailed out by Uncle Sam.

Traders, analysts, brokers, portfolio managers, investment bankers and other ne’er-do-wells that we’ve encountered are more puzzled than dismayed by the mounting ruckus around Broad and Wall. Some even expressed sympathy, of a sort. Paul Brodsky, a principal in the hedge fund QB Asset Management, for example, whose sharp comments have spiced up this space from time to time, opined “that the kids downtown are credible” and “the vocal fringe” to which they belong actually represents a “disenfranchised majority that is quickly growing disenchanted” with our financial system and its workings.

Moreover, he argues, the protesters’ beefs are not without merit. Money-printing, which the Federal Reserve has indulged in with gusto ever since the Great Recession, is what Paul calls “a terribly regressive tax on the working and middle classes.”

Folks with higher incomes and access to credit, he points out, are able to maintain their customary standard of living and continue to shoulder their debts without much discomfort. But lower-wage earners and those with less access to credit, along with the 14 million or 15 million unfortunates who have lost their jobs, are really hurting.

Paul, we might add, is hardly your prototypical wild-eyed radical. A former bond trader, he’s a free-marketeer, something of a closet gold bug, and a sound-money adherent who constantly rails against debasement of the dollar, aided and abetted by the quantitative efforts of the Fed. By his reckoning, the entire U.S. monetary system is now leveraged at about 20 to 1. Or, put another way, he says, “there’s about $53 trillion in debt and not quite $3 trillion with which to repay it.”

Worth noting is that neither the rest of the world, including our major creditors, nor the bond market have been noticeably atremble at the creeping devaluation of the dollar. Quite the opposite: the financial turmoil in Europe and fears of hard economic landings in China and most emerging markets have fueled demand for the greenback. Which perhaps tells you more about the rest of the world than anything else.

Be that as it may, Paul contends, leverage is exacting a serious toll by marginalizing real growth. We’ve reached a parlous state, he feels, when further asset-price increases can be catalyzed only by more of the hair of the dog that bit us—tthat is, by further infusions of credit or money.

A disturbing prospect that, all things considered, doesn’t imbue us with confidence that this market can sustain any significant rally.

Another, and perhaps more urgent reason to doubt the capability of this wishy-washy market to stage a strong and reasonably enduring bull move is that the Europeans still seem very much at sea as they decide how to stanch the bleeding in their ranks. The European Central Bank, which has been all thumbs in tackling the worsening woes of its weaker members (and some of the supposedly stronger ones don’t look all that great, either), once again last week failed to cut its interest rate of 1.5%. If nothing else, a reduction might have given the markets a momentary lift.

Meanwhile, Greece continues to skate on extremely thin ice in its attempt to avoid default, and it won’t take all that much to launch it into a bone-chilling plunge. The credit agencies have been slashing ratings in the euro zone (Spain and Italy felt the knife last week) with something bordering on abandon, while in their tight little isle the Brits have been expressing their concerns with a hefty 75 billion-pound addition to their asset-purchasing facility, swelling the accumulated hoard to £275 billion.

Moreover, for what it’s worth, in an interview on the BBC, a senior IMF advisor (so reports Mark Grant of Southwest Securities) ventures that there could be “a meltdown in sovereign debt” that might well spread throughout the European banking system and thence throughout the global financial system, including the U.S. Should that happen, he postulates, it could prove “more serious than the crisis in 2008.”

The curriculum vitae of this gloomy prophet includes a Ph.D. from Harvard, and he served as U.S. undersecretary of commerce. None of that, of course, assures his forecast is on the money, but his credentials endow it as meriting consideration, and certainly didn’t lessen our skepticism about the rally one whit.

“Better, But … that rather succintly sums up the September employment report released Friday morning by the Bureau of Labor Statistics. Let’s take the pleasant news first. Payrolls increased by a surprising 103,000, quite a contrast with the zero rise the previous month, which, it turns out, wasn’t anywhere near as bad as originally reported. In fact, upward revisions of the previous two months were 57,000 in August and 42,000 in July.

The unemployment rate held steady at 9.1%. All of the gain in jobs and then some came via the private sector, which added 137,000, while local governments shed 34,000 or so slots. The workweek was up a notch, but aggregate hours worked climbed 0.4%, the best showing since February.

Even construction—tnonresidential, need we say—tposted a gain. But as Dean Baker of the Center for Economic and Policy Research notes, the 26,000 additions to some meaningful extent reflect repairs for damages caused by the hurricanes that raged through parts of the country, and he doubts that anything approaching that total will be sustained.

If nothing else, the upticks in the jobs report likely mean that a double-dip is not lurking right around the corner. But we can’t honestly speak for the corner after this one. Or, as Philippa Dunne and Doug Henwood, who put out the dandy Liscio Report, slyly open their take on last month’s modest job gains: “What a relief. Worries about the recession can be held at bay for a least another month.”

Their enthusiasm is limited by, among other things, the fact that U-6, which embraces both underemployment and unemployment, was up 0.3 points to 16.5%, the highest since December 2010, owing to a sizable jump in involuntary part-timers who were unable to find full-time work. Not exactly evidence of a hiring binge.

As Doug and Philippa point out, at recent rates of employment and population growth, it would take until 2045 to get back to the 2007 employment/population ratio of 63%.

David Rosenberg, Gluskin Sheff’s chief economist, shares their reservations. He admits that the jobs report caught him a bit by surprise, but on closer scrutiny he wonders how accurate it truly is. And, on that score, he’s quick to mention that 45,000 Verizon workers, who had been on strike in August, were back on the job in September, and that obviously helped swell the employment total. Even so, he calculates, payrolls came in at roughly half the norm for this stage of the cycle.

He also fingers the decline in manufacturing employment, the first back-to-back contraction since this time last year, and the softness in durable-goods hires, the first two-month retreat since November/December 2009.

Dave also picked up on the fact that the bulk of the 398,000 gain in the Household Survey was contributed by part-timers, and the number of those working part-time for economic reasons shot up by an eye-popping 444,000, to 9.3 million—tthe most in a year.

In short, hold the hurrahs.