George Soros who has long funded organizations that hate and try to undermine America has been rewarded again. Soros is heavily invested in Argentina and the bank that was recently awarded a failed American bank. Soros getting some of the spoils of American ruination is but part of his payback for putting socialists and communists in power in the Obama administration. The cash for Clunkers program was the idea of Green Job Czar, Van Jones who is an avowed Communist. It was another $4500 per car taxpayer giveaway program needed to sell uneconomic socialist green ideas that ordinarily people would not buy into. It was also another way to defraud taxpayers and redistribute wealth to thieves who were hauling junk to dealerships. Only in the last few days did the accountability paperwork catch up with the program. You can bet ACORN, the "Indigents and Aliens for Socialism" group was mobilized to get a piece of that quick money too.
President Obama reportedly plans to nominate Fed Chairman Ben Bernanke for a second term. The FDIC is preparing for another round of failures. Since Obama took office very little money has actually gone to liquidating the toxic waste generated by the socialists giving unqualified borrowers sub prime loans for any house they aspired to own. The socialists in Congress orchestrated this financial crisis and the Obama campaign classified it to be a Great Depression to frighten voters. The socialist strategy has been to blame free enterprise and American liberty for the banking excesses. But now more and more people see that the campaign contributions for the democrat-socialists came from Soros and the bankers that were profiting from the subprime subversion of the banking system and the American banking excesses. Just follow the money trail.
This blog could be removed within two weeks if it continues criticisms of socialist policies. Suppression of the freedom of speech is something new to America and now you can report blogs like this and the government will "encourage" the blog masters to shut it down. Yes, there is now an official White House blog in which the Obama administration asks supporters to report back sites like this. And apparently someone reported us for anti socialism. For more information use either of these terms in your search.
Foreignpolicy censoring voice America August 2009
Market forces August 25
Paul Volcker, a former Federal Reserve chairman said money-market mutual funds undermine the strength of the U.S. financial system and should be regulated more like banks. Russian bonds fell the most in a week and China led declines in emerging-market stocks as oil prices dropped from a recent high and concern mounted about the strength of a recovery in the world’s biggest economies. Robert Reich, Bill Clinton's Secretary of Labor said that anyone who honestly thinks this recession will end this year is a fool. It is likely going to momentarily hit what looks like a bottom and then subside further.
HSBC Holdings Plc downgraded Southern Copper Corp. to “underweight” from “neutral” on valuation at, which said the “end of Chinese restocking could weaken copper prices.” May commodities including copper and oil were rising on the mistaken belief that China has sustainable growth. Unfortunately China is socialist/communist and honesty and business sense is not something that is important in such societies. In the USA, 50% of new companies go bankrupt within the first five years. Under communism business failure is no problem because government needs the jobs more than useful or affordable products. So the Chinese communist recently had a brainstorm. "Lets privatize our worthless failing enterprises so when they fail China can claim capitalism is what failed." But their workers saw through it and rioted. China is probably now going bust. Since it is more than five years and this is their first "bust" probably more than 50% of communist China's corporation stocks will soon become worthless.
Asian markets were down in the range of -0.6% to -2.6% last night with communist China down the -2.6%. Soon communist China will join Japan on the scrap heap of former contenders for the world's economic engine. Even with a lunatic left, socialist/communist/democrat coalition running the USA today… the USA is still the world engine and the American people are getting ready to throw the leftists out of office at the earliest opportunity.
European markets are currently flat -0.2 to 0.1% awaiting direction from the American markets.
US market futures are up about 0.1% before the opening today. That could fade fast during the day.
New sector leadership
The financial, commodity, energy, and wireless sectors of the stock market are now highly overvalued. The real growth will soon be the sectors that create jobs. The funds flowing into the banks is being scaled back because it has created gross excesses and unearned bonuses from all the money Obama is now ashamed he threw at them. That money will dry up. The speculation that caused the run-up in copper, oil, and energy was based on the hope that China's infrastructure buildup would sustain demand. But China has shot or disgraced every intellectual who supported free enterprise. The teenagers who just love the colors and the fun secretly texting people have supported the recent wireless boom. Soon they will be putting these technical toys in Cracker Jax and cereal boxes to boost sales to the teenyboppers. Therefore we believe those sectors had their run but now the $trillions are starting to be directed to the greening of American green industries.
The Wall Street Journal said yesterday that the former bullish analysts who successfully called the market's March bottom, are now taking a bearish view. The recent gains have passed fair-market value and could retreat in a hurry. Nouriel Roubini, who predicted the financial crisis and the bottom, said the chance of a double-dip recession is increasing because of risks related to ending global monetary and fiscal stimulus.
Our strategy now is to continue to invest in stocks in sectors typically after they fall out of favor and to take profits that recently can exceed 5% in a wk and 10% within a month. Rates that high are not sustainable in a recession which the socialists and other anti-Americans could still make into a Great Depression. What is an “anti-America?” An “anti-America” is someone opposed to free enterprise, competition, and the US Constitutional guarantees of liberty.
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