The economic crisis is the result of the contagion of socialism that corrupts all economic and social institutions in favor of the viscous and idle...

The economic crisis is the result of the contagion of socialism that corrupts all economic and social institutions in favor of the vicious and idle who form the leisure class of socialist societies. When the vicious and idle leisure class becomes the 51% majority, that is when the government breaks down and tyrants rise up to rule demanding they have no term limits.

Americans have watched the violence of the vicious and idle in Greece and Britain and are beginning to see the future consequences of Obama’s policies that are undermining American liberties while destroying the American economy by replacing free-enterprise with ignorant socialist Czars building windmills and toxic batteries to power America, and regulating free enterprise out of existence.

Aluminum bats, knives and other primitive weapons are selling fast in Britain as riots spread. In Greece they are tearing up their monuments to stone their police. Americans see that and are buying guns and ammunition to be ready for the rise of Obama’s vicious and idle leisure class, his chosen people. The British are not even permitted to shoot criminals that break into their homes or who beat neighbors to death. That is the socialist mind set that is afraid to arm citizens because that makes totalitarianism difficult to establish or maintain. That is why leftists want to ban guns in America because they know Americans will rise up and stop tyrants to protect the American Constitution which protects American liberties.

Thomas Jefferson to P. Dupont in 1816 wrote; "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 wrote 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." This is the original basis of the right of Americans to bear arms. It is not based on a right to hunt, it is based on the Constitutional right of all Americans to overthrow anyone who attempts to change the Constitution by executive decree or any other unconstitutional means. Overthrowing such a presidential tyrant is not treason it is every American’s duty as well as their right.

We are seeing the socialist/leftist’s vicious and idle majority people-power unleashed in Britain and Greece against democracy. We saw Obama and his Czars fund Acorn with $millions and unleashed their vicious and idle just like Hitler released the Brownshirts against Americans who create societies wealth. We were outraged so Obama temporarily put Acorn back in the closet. Then we saw ACORN exposed setting up Pimps and Prostitution in the inner cities and Obama made sure the individual who exposed Acorn’s criminal activity was arrested for not giving socialists his true identity. This year we then saw NPR executives resign because they were caught doing business with people they believed were terrorists. NPR is a taxpayer funded propaganda machine for National and International Socialists and for anyone who hates Americans. We saw Obama, Pelosi, and the Harry Reed advocating laws that would permit the FCC to silence the talk show hosts who were exposing the leftists anti American agenda. We need to defund Obama’s vicious and idle majority and their propaganda machine and their ACORN brownshirts. We need to impeach Obama for looting America’s treasury and for treachery and treason against the American Constitutional liberties and protections. We need to put him and his Czars on trial for treason as soon as they are deposed.

Obama should resign for the good of the country so we can put him on trial for treason for undermining free enterprise, for instituting “Liar Loans” to Obama’s vicious and idle chosen people so they could get free houses to live in and destroy. Everything he has done should be repealed because no one had time to read any of his leftist bullshit before they passed it. Obama should go back to his home in Nigeria where they follow his big brother’s advice and they are all starving. He would be a big fish in that pond. Obama is considered a fool in the Western democracies. There are over 500 web requests for Obama to resign out there already.
http://www.youtube.com/watch?v=GJRv9EVR_N0
http://www.freerepublic.com/focus/news/2261403/posts


Obama gives American wealth to his chosen people, his leisure class of the vicious and idle. 51% of Americans do not share any pain of federal taxes. Obama’s leisure class supporters consist mainly of people who hate America, cheat on their taxes, pay no taxes and get tax refunds after filing and paying nothing in. Several of Obama’s Czars were in that class. And the California woman with two children all on welfare got free government fertility treatments so she could birth sextuplets and “earn” $1500 per baby per month on welfare. And she, a devote Moslem, did not even have Obamacare! That was the existing leftist corrupted system that Obama says does not do enough for his leisure class, his followers, and his chosen people. The leftists have corrupted Social Security and the American Health System. If we clean out all the leftists that are exploiting our system these services will be solvent. But we may face riots like in Greece and Britain. Fortunately Obama is stupid enough to threaten to withhold the salary of American warriors before he cuts the benefits to his vicious and idle chosen people. Fortunately Obama is likely stupid enough to release American warriors to the Obama Depression unemployment lines when he scales back the Armed Forces and American unemployment spikes upward. Fortunately most Americans will stomp out Obama’s viscous and idle chosen people if they rise up to subvert or even attempt to corrupt America’s Constitution as they have corrupted everything else.

Economic stupidity is recognized when leftists try to control development by raising the cost of production of things leftists don’t like such as energy, highways, wealth, and research into “the unknown”. Leftists are “unibombers” at heart fighting against the advance of science and technology that are what is needed to keep America humming.


World Markets:

We believe that for now we have seen the end of this current panic that the hedge funds created shorting stocks worldwide. But now they know how to do it in a controlled way and we expect to see it happen again within a year. This market panic was not an economic factor. This market panic was planned using computers to carry it out. The socialist countries just temporarily banned shorting.


American Economy-
This week
Productivity-Prel Q2 fell -0.3% from 1.8% the first quarter. bad
Unit Labor Costs Q2 rose 2.2% after rising only 0.7% the first quarter. bad
FOMC Rate Decision Aug 0.25% for the next two years per Bernacke. Just jawboning
MBA Mortgage Index 08/06 rose +21.7% from +7.1% last month. Excellent
Wholesale Inventories Jun increased 0.6% down from 1.8% last month. Very good
Crude Inventories 08/06 fell -5.225M from 0.950M last month. Prices going up
Treasury Budget Jul -$129.4B less than last month -$165.0B. Great reduction in deficit spending

Yesterday
Initial Claims 08/06 395K down from 400K ..very good
Continuing Claims 7/30 3688K down from 3730K ..very good
Trade Balance Jun -$53.1B up from -$50.2B ..we continue to keep the world humming

Today
Aug 12 8:30 AM Retail Sales Jul - 1.0%
Aug 12 8:30 AM Retail Sales ex-auto Jul
Aug 12 9:55 AM Mich Sentiment Aug
Aug 12 10:00 AM Business Inventories Jun

Market Outlook August 12, 2011
The US markets rose roughly 4% yesterday in a quick second bounce reminiscent of the panic of 1987.

You can see the VIX confirmed the capitulation by failing to match and is now subsiding.
http://finance.yahoo.com/q/bc?s=^VIX&t=5d&l=on&z=m&q=l&c=

We expect a normal advance now of about 50% of the recent decline. Last fall the market almost doubled what it lost in the May panic. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5d&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Recovery the past two years was one of Obama’s big lies as he continued to divide Americans and destroy the American economy. Finally they are saying the American economy is not robust. Click on the 5yr chart and see full effect of the slowdown in world dry shipments which shows Obama did nothing at all but destroy hope by forcing Obamacare for his indigent leisure class down the throats of working Americans. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stocks were mixed last night. China up 0.5%, Hong Kong up 0.1%, India down –1.3%, and Japan down -0.2%.

European markets are up today by about +1.7% to +3.9% half way through their day.

American markets futures are up about 0.2% at 7:00 AM EST

It appears we passed the capitulation point of the current decline and quickly double bottomed. Still we expect little net gain this year and next year unless Obamacare for his leisure class is declared unconstitutional. Americans do not want USSR style Obamacare because it is just another Obama leftist lie. Socialist healthcare is far inferior to American healthcare and what is already killing Medicare is Obama’s leisure class getting entitlements to it. The y already have free health care because American tradition always helps those in need even though no American ever was entitled to health care or Social Security unless they worked and paid into the system. Obamacare is stupid and destructive as it would be a blank check to Obama’s leisure class. Obamacare must be declared unconstitutional or American becomes just another bankrupt socialist state with no incentives to help others by advancing human knowledge, freedom, compassion, and capabilities.