General Electric/MSNBC/Pravda tried to double the cost of the Joint Strike Fighter again this year but Congress thwarted their attempt to put their inferior engines on that airplane. GE makes American weapon systems twice as expensive whenever they lose a contract by getting socialists in congress to have expensive studies approved so GE can spend another fortune of taxpayer money and coincidentally GE always concludes their inferior products are better. They try to use Congress to drive GE competitors out of business at the expense of weakening American security.
They were not selected for the JSF either so they want to either kill the JSF just as they killed the F-22 Raptor last year. They use their influence with leftist politicians and MSNBC (which is their propaganda mouth) to force better products of American competition off American weapon systems. They use leftist-socialist-communist style politics that only weaken the USA. They say it is not what GE knows that matters it is who they know in congress. When they succeed in getting their corrupt politicians to force their inferior engines on the wings as a second redundant engine option they immediately double the cost because the airplane then needs expensive modifications and totally inferior maintenance, testing, and support of an incompatible inferior GE/NSNBC/Pravda product.
The F22 Raptor is a stealth fighter, the most advance fighter in the world with over 200 aircraft in service. GE killed production because they say it is expensive. Well golly gee whiz, all of America's weapons are expensive because GE sucks the blood out of the programs requiring continuous GE studies of the competition's weapon's systems so they can steal the technology. The Non-GE weapons are superior to anything the communists are capable of producing. Yes, the air-cooled turbine blades of the F119 engine that powers the F22 Raptor were/are impossible for the USSR or any other communist or maniacal terrorist country to make because they are advanced USA technology. But GE also managed to kill American advanced technology in the area of new machine intelligence. The F119 powered Raptor diagnostic systems could cut the future maintenance costs of all American commercial as well as military aircraft. So all those potential future cost savings were lost last year because the socialists who now run GE/MSNBC/Pravda and steal American technology do not want good old American competition because a socialist run GE/MSNBC/Pravda is naturally against competition in any form with other socialists. According to Marx, profits and competition are evil and GE/MSNBC/Pravda is right up there with him.
GE now gets contracts by buying politicians and using MSNBC/Pravda as their Nationalist Socialist propaganda mouthpiece attacking any of the honest politicians with MSNBC/Pravda and joining in with George Soros to kill America's competitive companies and take away their contracts. GE/MSNBC/Pravda thinks America is too big and bad. GE is no longer American or actually run by Americans any more. Their current president is not an American. Voila! The reason the Boeing Dreamliner is such a disaster is the engines for it are made by foreign management: RR and GE/MSNBC/Pravda. `
In summary, GE/MSNBC/Pravda is now a socialist company run by foreigners with a four pronged strategy for destroying American technology. First they attempt to buy their way in exclusively on every military and commercial product. If they lose to American ingenuity then they use their socialist cohorts to make the superior American products more expensive by getting annual multi-million dollar GE/MSNBC/Pravda study contracts to force their competition to react thus driving up research costs. Third, if they succeed in getting their #2 inferior product on the wing with the best, the cost of the program immediately doubles. Fourth, they keep doing this over and over again every year with their leftists supporters who hate America because America still shows the world that American Constitution guaranteed personal freedoms give Americans the incentive to be the most productive people on the planet.
Socialists/communists in all their writings since Karl Mark say they hate competition and individualism. They think the their politburos of idiot psychopaths do a better job planning their economies than Americans can do with free enterprise. They have no concept of what intelligence is. That is why buying GE/MSNBC/Pravda = Buying into Socialist mediocrity.
Start to boycott China's products until they release their American prisoner, the WS analyst. It is time to be looking at those made in China labels, items to boycott. They are now arresting Americans for no cause (the WS analyst) in violation of international law and are encouraging N. Korea to bomb and murder S. Koreans indiscriminately. China is making the world a dangerous place. We should anticipate a collapse in India's economy as China waits for the moment India is most vulnerable. China's façade of being a good neighbor is rapidly changing as economic success goes to their heads. This crisis that China is slowly making is just the kind of activity that preceded the overthrow of most tyrannies in the past. China has many leaders ready now to bring a real democracy to China. If China continues down the current path they will join Iran and N. Korea as part of the world's evil empire. Then they could have a violent revolution or a peaceful USSR type overthrow. Unfortunately the old communist criminals are still in power in quasi-capitalist Russia.
------------------------------------------------------
1984 by George Orwell is an excellent read.
The story follows Winston Smith, an average Party member in Oceania, one of the world’s three remaining nations. ‘The Party,’ monitors all citizens of Oceania continuously via ‘telescreens’ installed virtually everywhere – a sort of television with a monitor in it which can not be turned off just like our modern computers. He foresaw this back in 1949. The Party broadcasts propaganda and relays video and sound back to the thought police who are listening to the audience response. If anyone is caught acting or speaking in a nonconformist manner, they are likely to be taken by the thought police in the middle of the night, never to be heard of again (like the USSR and Iran), and all traces of their very existence are subsequently eradicated. Part of Winston’s job is the eradication of traces of the people who disappear. He works in the Ministry of Truth – Minitrue, in newspeak (a simplified, reduced version of English intended to limit the possible range of thought and emotion of the speaker) where he rewrites newspapers, books, and other media to reflect favorable opinion of the Party. For example, if a Party member were to announce they expected to produce 100 shoes in the next quarter, and in fact 75 shoes were produced, Winston’s job is to go in and rewrite the original predication to, perhaps, 50 shoes, in order to make it seem not just that the prediction was correct but that production in fact exceeded demand. The Ministry of Truth then goes on to destroy all original copies and replace them with the so-called corrected edition.
-------------------------------------
Finally NY Attorney General Cuomo is investigating the accounting firms that have been showing businesses and countries like Greece how to hide their debt to defraud investors and go even deeper into unrecoverable debt. Any deceptive or immoral practice is illegal in the United States and does not need a specific law to be broken. There are plenty of non-specific laws against fraud because there is a new fraud concocted every year. Teach fraud should be enough reason to confiscate all the assets of the accounting firm because the damage that has already been don exceeds the value of all US accounting firms. The managers of those firms should be sued just like Maddoff is being sued that they and their families should be stripped of everything they own here and abroad.
As usual Obama says a lot but has done nothing to claw back the millions high level corporate thieves have stolen but instead goes after the little people in the organizations who make the phone calls for their bosses.
World Markets:
Chinese economic data is likely entirely fraudulent now and is beginning to become belligerent via N. Korea their junkyard dog of communism. There is no way to know truth about China anymore. China imprisoned an American and gave him an eight-year sentence because he was in China doing investor research to see if the balance sheets and income statements were truth or a fraud. Seeking truth is now apparently a criminal offense in China. That means that we can no longer trust Chinese financial information because fraud in China cannot be exposed. As long as China supports N. Korea, shows no respect for the rights of investors seeking the truth, and arrests anyone seeking the truth, China will become an increasing risk of total economic collapse. If they continue to hide the truth about their many corrupt businesses that continue to sell worthless stock to ignorant foreigners China will be heading to a total collapse just as Russia experienced over ten years ago. But this time foreign investors will be burned much more badly. China now has an unsound policy that is just plain stupid and dangerous in that it makes China unstable and unreliable as a world partner.
Economic reports:
Last Friday
Dec 17 10:00 AM Leading Indicators Nov rose to 1.1% from 0.5% due almost entirely to the rise in the stock market which is a leading indicator.
This Week
Dec 22 8:30 AM GDP - Third Estimate Q3
Dec 22 8:30 AM GDP Deflator - Third Estimate Q3
Dec 22 10:00 AM Existing Home Sales Nov -
Dec 22 10:00 AM FHFA Home Price Index Oct
Dec 22 10:30 AM Crude Inventories 12/18
Dec 23 8:30 AM Personal Income Nov
Dec 23 8:30 AM Personal Spending Nov
Dec 23 8:30 AM PCE Prices - Core Nov
Dec 23 8:30 AM Durable Orders Nov
Dec 23 8:30 AM Durable Goods Orders - ex Transportation Nov
Dec 23 8:30 AM Initial Claims 12/18
Dec 23 8:30 AM Continuing Claims 12/11
Dec 23 9:55 AM University of Michigan Sentiment - Final Dec
Dec 23 10:00 AM New Home Sales
Market Outlook Dec 21, 2010
There is a lot of optimism that a double dip will not occur and the volatility index is below 20 indicating complacency. That optimism and complacency usually precedes a decline. Volume fell about 25% as markets inched up yesterday.
Obama socialists cast a long shadow over American recovery because socialism attracts and rewards the most stupid manipulative people. The longer the socialists are in power the more ridiculous they make American policies. They say the Armed Services will have a code of conduct such that gays will not discuss their "superior" life stiles on duty nor subtly proposition others nor walk around naked and suggestively nor participate in San Francisco's annual Free Gay Sex on the Street Day. But isn't that going to be all decreed a violation of free speech by GE/MSNBC/Pravda and their leftist appointed judges? You, bet! That won't last long.
Make sure you take all possible losses to balance your gains. Obama is requiring securities firms to report not just client purchases and sales but also profit and loss. The firms, in doing that, have decided to tell their clients in advance so the clients know that they can take some losses to decrease capital gains taxes to as close to zero as possible. It will minimize the amount that investors pay in capital gains this year. In demanding more information to harass some investors, all the investors are getting the information needed to drive their taxes as close to zero as possible. In the past investors did not sell fractions of their under performing investments as much as they will going forward.
GE/MSNBC/Pravda's Jim Cramer loves to pick stocks at their 52-week highs. Socialism means buy high and sell your freedoms short.
World Markets
Asian markets were up last night. China's market was up 1.8%, Hong Kong up 1.6%, India up 0.9%, and Japan up 1.5%.
European markets are up this morning in a range of about 0.3% to 0.9% half way through their day.
US pre-market futures are up slightly at about 0.3% at 8:00 AM EST.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment