General Electric Company is a traitor to American Liberty and security.

General Electric Company is a traitor to American Liberty and security. They continue their socialist-marxist rhetoric on MSNBC to undermine the American work ethic and confidence in free trade. Confidence is the cheapest form of stimulus. GE which sponsors incoherent brainless newsblabbers and Soros-sycophants undermine world peace and American national security. The GE/MSNBC/marxist/anti-intelligencia needs to be broken up and dismantled. Soros is happy because he thinks he already destroyed America just by getting Obama elected.

According to the LA Times, the Fed chairman suggests creating a program of buying U.S. Treasury bonds in an effort to drive down long-term interest rates. That shows the general ignorance of the leftist media. Low long-term rates are the precursor to a depression not recovery. The FED wants higher inflation expectations, which means higher long-term rates to prevent deflation and the deflationary spiral of a depression. A world depression looms on the horizon due to lack of confidence in DUHHHH Obama and his jackass entourage.

The reason American newspapers are all failing is because they have supported jackass leftist/liberal/progressive candidates since the 1960 hippie drug culture started. The Nazis and international socialists gravitated to that industry and just as fast Americans stopped buying newspapers. The Nazis made no bones about killing sick and defective children so why would we expect different from the American national and international socialists. Americans can stop buying General Electric products just as fast as we stopped buying newspapers. Lets cancel all their government contracts. GE would feel more at home as a registered Russian company anyway. Why don't they do America a favor, join George Soros and register as world government reds and be honest about their intentions.

It is real simple to do. The FED starts buying a basket of foreign currencies the way China does. That floods the world with weaker dollars. But why would he want to drive down long term interest rates. Someone has that backwards. Down gets you a recession. He wants inflation anticipation, which means higher not lower long-term rates.

Thomas Jefferson to P. Dupont in 1816; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."

James Madison in the Federalist Papers, Feb 5, 1788 to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."

By 1824 Thomas Jefferson already thought the American Government was too big. He wrote to William Ludlow, "I think myself, that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious."

Thomas Jefferson was the founder the Democratic Party. In 1816 he wrote (note in Tracy's Political Economy), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."

Thomas Jefferson to Colonel Smith, November 13, 1787: The people cannot be all, and always, well informed. The part which is wrong (jackasses) will be discontented, in proportion to the importance of the facts they misconceive. If they (the jackasses) remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. We have had thirteen States independent for eleven years. There has been one rebellion. That comes to one rebellion in a century and a half, for each State. What country before ever existed a century and a half without a rebellion? (The USA lasted until 1862 when it had the Civil War rebellion.) And what country can preserve its liberties, if its (jackass) rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time, with the blood of patriots (people who actually earn their living) and tyrants (jackasses). It (any interred jackass) is its natural manure. Our convention has been too much impressed by the insurrection of Massachusetts: and on the spur of the moment, they are setting up a kite to keep the hen yard in order. I hope in God, this article will be rectified, (giving Americans the right and duty to have and bear arms against tyrants) before the new constitution is accepted.

Thomas Jefferson said the right to bear arms is in the "bill of rights" for the purpose of having the American people armed so that Americans can overthrow tyrants (jackasses) that arise from time to time. Obama (a jackass) wants to create a civilian army (a personal guard) to suppress the American Army if the American Forces rises up with the American people to overthrow the Marxist jackasses and the jackass infiltrated corporations (like GE) that support leftists and manage their propaganda.


GE/MSNBC/Obama are trying to usher in a new age of corruption, incompetence, and profits via tearing down American free enterprise and expropriating the wealth to themselves and associates the way Obama got his wife a $300,000/yr job. Under socialism you get ahead not by what you know but by whom you know.

General Electric should be broken up because it has betrayed Americans and is undermining national security supporting an ignorant socialist president who is attacking the American defense and intelligence structure on every level. GE/MSNBC/Obama have been:

1) Destroying the American justice system by freeing terrorists who killed Wells Fargo guards in Connecticut and ignoring criminals of Obama's race who intimidated the white poll workers on Election Day in 2008
2) Destroying justice by moving terrorists caught in action, into civilian courts and essentially giving mental throwback Nazis/Al Quaeda killers a free pass in Obama/MSNBC/liberal/socialist anti-American stacked courts.
3) Destroying military morale by subjecting straight soldiers to the sexual proselytizing harassment from the same kind of folks who harassed alter boys and got away with it for forty years.
4) Dismantling American culture, free economy, and the Founding Father's ideals.

World Markets:
China has resumed growth and stabilized their housing prices and market. Obama stupidity continues to DUHHHH the economy. The Obama DUHHHH jackass administration continues to muddle along blaming others. They want to stimulate the economy by for instance rebuilding past industries like sailing vessels.

Economic Calendar
Remember the Obama Marxists like to create this economic data. It may have little relationship to reality and is what the Marxists want Americans to think.

Last Friday
Oct 15 9:55 AM Mich Sentiment Oct fell to 67.9 from 68.2... not good
Oct 15 10:00 AM Business Inventories rose another 0.6%… not good

Today
Oct 18 9:00 AM Net Long-Term TIC Flows Aug
Oct 18 9:15 AM Industrial Production Sep
Oct 18 9:15 AM Capacity Utilization Sep
Oct 18 10:00 AM NAHB Housing Market Index Oct

This week
Oct 19 8:30 AM Housing Starts Sep
Oct 19 8:30 AM Building Permits Sep
Oct 20 7:00 AM MBA Mortgage Applications 10/15
Oct 20 10:30 AM Crude Inventories 10/16
Oct 20 2:00 PM Fed's Beige Book Oct
Oct 21 8:30 AM Initial Claims 10/16
Oct 21 8:30 AM Continuing Claims 10/09
Oct 21 10:00 AM Leading Indicators Sep
Oct 21 10:00 AM Philadelphia Fed Oct


Market Outlook Oct 18 2010
The stock market and commodity prices have had their run-up. You probably have been taking profits. It is time to get out completely except on a small scale local level as opportunities arise especially unique real estate opportunities.

General Electric sycophants and George Soros are the biggest beneficiaries of Marxism because corrupt Marxists governments like their political support and their contributions (kickbacks) for buying from them. General Electric runs the Marxist propaganda machine known as MSNBC. General Electric in return is rewarded with national defense related contracts by the leftists in American government now commonly known as the jackasses. That is a very dangerous situation to have GE Marxists knowing American defenses and technology. Fortunately socialist and GE Marxist leaders are typically pumped up DUHHHH morons like Obama who got affirmative action and support through the DUHHHH leftist in academia. American survival depends on the removal from America of the influence of the leftists and their money sources like GE.

Debt will fall under unrelenting pressure the moment interest rates start to rise and we know the FED is going to push up inflation to try to avoid an Obama DUHHHH jackass Depression.

If the jackasses in Congress are thrown out of office, QE2 may be so small and the American liberties may be victorious over jackass socialist regulation and tyranny and therefore the commodity prices could return to normal (the gold and commodity bubbles could collapse). That means the economy could shift from a 1970s mode to a 1990s mode and the price of gold could collapse possibly under $600/oz after adjusting for inflation. When President Reagan was in office the price of gold collapsed and eventually was under $300/oz. Gold and silver are cyclic and we still have DUHHHH Obama for two more years so there will be better opportunities to get back into precious metals and commodities later.


World Markets
Asian markets were down last night. China's market down -0.5%, Hong Kong down -1.2%, India up 0.2%, and Japan down -0.1%.

European markets are flat this morning in a range of about -0.1% to +0.1% about half way through their day.

US pre-market futures were down in a range -0.2% to -0.4% at 8:00 AM EST.