The risk of a tyranny of the Majority is why the American founders chose the American Republic form of government

The risk of a tyranny of the Majority is why the American founders chose the American Republic form of government where the established law of the land and not the majority determines justice.

Bolivia now joins Venezuela in scrapping their Constitutional protections in favor of another socialist psychopath dictatorship. The new Bolivian constitution makes the mixed native population the power-base using the principle of a tyranny of the majority where the majority will elect the Supreme Court. Obama too, with his grossly incompetent leftist entourage seeks to change the American Constitution to give his majority of indigents, illegals, felons, government workers, unions, and separatist ethnic groups the tyranny of a majority coalition. And once they have democratically elected their judges they can dispense with all the protections the American Constitution affords. America would no longer be a republic and a land governed by the law of the land. Instead it would become a democracy governed by the whims of the current elected majority. Under Obama's buddy Chavez of Venezuela, the critics of Chavez are imprisoned, flee the country, or simply are murdered in the streets. And we know Obama loves Chavez because Chavez was one of the first psychopaths Obama befriended when he defeated liberal Republican McCain.

American liberty and free enterprise bailed the world out of several economic panics, one FDR socialist Great Depression, several socialist European depressions, two world wars and many attempts of socialist atheistic and Moslem pirate and terrorist groups to slaughter innocents who did not agree with their ideology. Since America rose to world power there has not been another World War or socialist caused depression. Obama wants to scrap the individual freedom, liberty, and free enterprise precepts of the American Constitution for the time proven sick and depraved socialist system which has been the legacy of all the evil men and sick societies of time from Mohammed spreading lies by the sword to Hitler's Arian Race, to the killing fields of Cambodia and to the 911 Moslem terrorists. Obamacare and socialism would turn America into a cradle to grave government run feudal state much like they have in Indonesia and Nigeria Obama's childhood countries. Under Barack Hussein Obama's socialism it is not what you know and achieve that count, but what political organization you belong to and who you know that counts. Under Sadham Hussein if you did not support him he had you thrown off a roof or thrown in a vat of acid. Only the strict adherence to the checks and balances of the American constitution has protected Americans from sick charismatic dictatorial socialists taking over our government.

World Outlook
The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND


Economic Calendar
Finally American jobs are being created faster than they are being lost. See:
http://www.martincapital.com/chart-pgs/Pg_jobs.htm

However, below that chart is another chart that shows the high unemployment rate. What is not shown is that there are a greater percentage of Americans who have been unemployed now for more than a year than in any period since the Great Depression. That block of unemployed Americans will take a long time to re-absorb into the economy.

Monday, April 5:
ISM non manfg index
Pending home sales

Tuesday, April 6:
FOMC minutes

Wednesday, April 7:
Treasury 10-yr note auction

Thursday, April 8:
Unemployment claims
BOE rate announcement
ECB announcement

Friday, April 8:
Wholesale Trade Report



Market Outlook April 5

While the NYSE could be setting new highs this week the NYSE adjusted for volume being higher on recent declines than advances has to rise more than 3% just to reach the highs of last October and December. That implies the market is ready for its biggest correction since March 2009. It is likely to be focussed on specific stocks and sectors. The wannabe Ipods that did not make the cut are one area where sharp selling is likely. Sales of the tablets have also been hyped far beyond reason.

Obama and the democrat-socialists are setting the stage for short sellers of every breed to sweep in soon and attack American markets and currencies. The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime.

World Markets
Asian markets were up over night; Shanghai closed, Hong Kong closed, India up 1.4%, and Japan up 0.5%.

European markets are currently up in the range from 1% to 1.5 % this morning about half way through their day.

Today US pre-market futures are up in a range 0.4% to 0.5% at 8:30 AM EST.

We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).