Communists think competition, savings, and self improvements are destructive forces in society that allow some classes to rise above others. And so to discourage such inequality in America, Obama will put a new Medicare tax of 3.8% on senior's savings. In advanced countries savings is always encouraged but in the future Democratic-Socialist Republick of Amerika hard industriousness and saving are the habits of the people without connections who cannot get a government job that pays people well for spying on and reporting strange neighbors with traits of evil capitalism. Under socialism it is not what you know but who you know that counts.
Yes, all the American seniors who socialists consider foolish enough to save for their future at 1% to 3% interest rates will have the 1-to 3% (unearned) income taxed at a 3.8% rate. Under socialism savers are considered selfish and should not gain from their selfishness.
America is in a five-year leap to greater equality in poverty under the democrat socialists. The socialists redistribute wealth because the undeserving vote for the thieves (the robbing hoods). By focussing on a narrow class of rich people such as Jews who were major bankers, Hitler and Stalin redistributed the wealth and won popular mandates. But the redistribution system ultimately became an ugly stain on all socialist and communist systems. Ancient Christian and Moslem theocracies as well as today's Moslem theocracies were also socialist redistribution systems that throughout history committed genocide, inquisitions and horrible acts against civilized peoples. Christ never intended an earthly government but Mohammed did. That is why the Moslems remain and always will remain a feudal theocracy.
We expect this Obama-lurch towards nationalized health care to be the start of another downward spiral that will result in a Great Depression or at best a double dip until such time as this administration can be removed. He intends to give a new 30 million person voting block something for nothing. We recommended selling into this rally and now we recommend cutting any losses and staying on the sidelines for an indefinite period of time. Bonds will soon be as poor an investment as stocks.
World Outlook
Germany is the only nation in Europe able to exert some self-control when it comes to the big unions. Most union people in Greece on the other hand have no pride in their work. That may reflect the fact that Germany has a two track educational system that trains people well in trade skills that results in Germany having competent workers who have pride in workmanship and too much dignity to try to bankrupt their country with socialist demands for something for nothing.
Google will no longer allow Communist China to use Google to censor the Internet or spy on its people. China will probably just block Google's site.
This Week of Market Reports:
Treasury bill auctions are feeling the pressure of China's absence at auctions. That means the treasury will need to actually inflate the US currency.
Tuesday, March 23
Existing Home Sales
Wednesday, March 24
Durable Goods Orders
New Home Sales
Thursday, March 25
Unemployment Claims
Consumer Price Index
Friday, March 26
Q4 GDP revision
Consumer Sentiment
Market Outlook March 23
We are now in the quiet before the storm.
As we said we have been selling heavily into this rally which shows signs of ending soon. If you look back you will see we were buying when people had sold off the market and we are selling near the peak. Our private sell signal corrects the market price data with volume data to make the data tell the truth. So we can already see the head and shoulder sell signal is forming even though the current markets are at new highs (slightly). In fact the highs would need to be 2.6% higher for them to be higher when corrected for poorer volume on advances than on declines.
The public sell signal should occur after the next sell-off and the next rally clearly demonstrates to everyone that a bear market is in place again.
Obama and the democrat-socialists are ignoring true Americans and are setting the stage for short sellers of every breed to sweep in now and attack American markets and currencies. Sadly, last weeks stock market high will likely be the high for this year because the lunatic left will still be in power even if swept out by the end of January 2010.
The fact that George Soros funded the Obama campaign should have been enough for every American to vote against the Obama regime.
World Markets
Asian markets were mixed over night; Shanghai down -0.7%, Hong Kong up 0.3%, India up 0.2%, and Japan down -0.5%.
European markets are currently up in the range from 0.1% to 0.4 % this morning about half way through their day.
Today US pre-market futures are down in a range 0% to -1% at 8:00 AM EST.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment