The only unions of states that have
had Obama’s socialist type medicine are China
and the now dead USSR USA China and
the now dead United
Soviet Socialist
Republic
More Americans than forecast filed applications for
unemployment benefits last week.
It is time for President Barack Hussein Obama to fire his
Secretary of Socialized Medicine… Kathleen Sebelius who has stonewalled
Congress and the American people long enough.
She has even refused repeated requests for information on implementation
of the health socialization law and ignored invitations to testify by Congress
to explain the gross incompetence demonstrated by her department.
Oct 23, 2013 The Euro
has advanced to near 1.35 times the value of the dollar on average. Before Obama it hovered around 1.28 which now
is Obama’s low range. It hit 1.5
dollars the first year Obama was elected.
The dollar has declined 35% on average relative to the currency used in Spain , Portugal ,
Ireland , Italy , Greece ,
Britain , Cyprus , Germany ,
Poland , Lithuania , Bulgaria ,
Latvia , Slovenia , Estonia USA ghettoes to
avoid riots in the cities such as Chicago Detroit
and Chicago
Little did American’s
know that the IRS would be turned into a Stasi, a ministry for state security. And with health care the IRS will determine
who gets a cancer treatments or a new heart transplant. Former vice president Dick Cheney got his new
heart just in time and still is a rational mind serving America Chicago is the deadliest city in the world and has more
killings than our troops saw in Afghanistan New York
Oct 22, 2013 The US
dollar advanced 1.7 percent against a basket of nine developed-market peers
this year. The dollar remains the global
reserve currency, representing 62 percent of holdings at the end of the second
quarter, according to the International Monetary Fund. The euro amounted to 24
percent of the total for the same period.
Take pride in this while it lasts because Obama is destroying the value
of our currency with deficit spending for welfare gradually making the American
welfare state the only state in the union.
Sales of existing U.S. America
Oct 21, 2013 It has
been reported that since Muslims believe insurance is a violation of Sharia Law
they will not be forced to register for Obama’s Socialized Medical Insurance
and they will get Socialized Medicine free, compliments of the infidel
taxpayers.
http://search.atomz.com/search/?sp-q=Dhimmitude+&sp-a=00062d45-sp00000000&sp-advanced=1&sp-p=all&sp-w-control=1&sp-w=alike&sp-date-range=-1&sp-x=any&sp-c=100&sp-m=1&sp-s=0&x=35&y=12
Latest report on the Obama recession:
Almost every state and large city in the USA
46 million on food stamps; 15% of the population.
43% of American families owe more than the own.
8.9% lower American income reported than when Obama first
took office.
14.3% is what Forbes says is true unemployment if you
include the people who want to work and are still looking for work but have run
out of unemployment insurance so they are not recorded.
20.4% is reported as the true unemployment if you include
the people who want to work and have given up looking for a job.
It was reported that during FDR’s socialist experiment…
unemployment stagnated above 25% until WWII and over 120 million people died in
war and genocide.
J.P. Morgan will pay a record $13Billion fine as socialist
fleece the banks to encourage more voluntary contributions for socialist
politicians.
Legendary investor George Soros reportedly added a $25
million position in options for Junior Gold Miners (GDXJ). Soros reportedly now has a $100 million
position in Gold Miners (GDX). His total gold-related position reportedly
totals around $240 million.
Commodities are rising because China
and US
Quantitative Easing (QE) induced inflation is $85 billion/mo
= $1.02 Trillion per year. We are on
track now for hyperinflation with the FED now hooked and can no longer reduce
QE.
World Economies Oct 22, 2013
Foreign policy makers are reacting to another cooling of
global growth, led this time by weakening in developing nations while inflation
increases and job growth remains stagnant in much of the industrial world. Gold
bullion rose 70 percent from December 2008 to June 2011 as the central bank
pumped more than $2 trillion into the financial system. Bernanke alone is pumping precisely
$1.02Trillion just in QE each year alone.
And China , Japan ,
and Europe have joined Bernanke in
flooding the world with much more paper money that was printed in the growth
period from 2000 to 2008. The problem is
we are not seeing a recovery because free world socialism is destroying growth
and job creation and the whole world seems to be vulnerable now to Brazil and Argentina
Foreign investors were net sellers of U.S. long-term portfolio assets in August as China
Revenue and earnings are benefitting from current 3%
inflation that feeds into the revenue stream of corporation inventories. Hoarding has begun and is the primary reason
for the increase in China
Consistent with nascent hyperinflation, banks, USA
The German market is
about 7% above the 2007 high which was about 7% above the 2000 high. It failed to break out from its upper
resistance level defined by 2000 and 2007.
The French market has
continued to decline since year 2000. At
it most recent highs it is still is still down 50% from 2008 and down 60% from
2000.
http://in.finance.yahoo.com/echarts?s=%5EFCHI#symbol=^fchi;range=my;compare=;indicator=sma+volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The Swiss market indicates stagnation since 2007.
The NYSE is similar
to the British and Swiss and indicates stagnation since 2007 given in excess of
15% inflation since then and no similar market advance. The NYSE index is too
big to manipulate legally. It has 300 stocks just starting with the letter A.
http://finance.yahoo.com/q/bc?s=%5ENYA&t=my&l=on&z=l&q=l&c=
American Economy
Oct 21
Existing Home Sales Sep 5.29M down sharply from 5.48M
As usual Obama data is manipulated but the 5.48 is what they
claimed last time but they changed it to 5.39 because either they hyped it the
last time or else it really dropped sharply and Obama does not want the public
to know either way.
Oct 22
Nonfarm Payrolls Sep 148K down sharply from 193K ---
Nonfarm Private Payrolls Sep 126K down sharply from 161K ---
Unemployment Rate Sep reported 7.2% actually over 14%
Hourly Earnings Sep 0.1% up again 0.2%
Average Workweek Sep 34.5 unchanged
Net Long-Term TIC Flows Aug -$8.9B Money flow is now out of
the USA
Construction Spending Aug 0.6% flat from 0.6% +++
Natural Gas Inventories 10/12 77 bcf down from 90 bcf -
Oct 23
MBA Mortgage Index 10/19 -0.6% down sharply from 0.3% ---
Export Prices ex-ag. Sep 0.3% rose from -0.1% --- not
competitive and a sign of American QE inflation kicking in.
Import Prices ex-oil Sep 0.1% up from -0.2% --- another sign of the decline in the value of
the US currency due to Bernanke QE printing presses.
FHFA Housing Price Index Aug 0.3% sharply lower from 1.0%
---
Crude Inventories 10/19 5.246M up from 3.999M +
Oct 24
Initial Claims 10/19 350K high but down slightly 358K –
Continuing Claims 10/12 2874K 2900K up from 2859K --
Trade Balance Aug -$38.8B adverse -$39.1B --
The Markets Oct 24, 2013
Gold prices seem to have bottomed and now are advancing in New York as Federal Reserve quantitative easing and China and Japan
Market rotation continues as QE floods America
Obama has put America America America while Asia
is copying and undermining our exports. America
Obama’s Socialized Medicine promises to do irreparable harm
to the American economy and American health care for those who are not already
on government assistance. Not only is
the sign-up for consumers not working, doctors report they have not signed up
but the government tells them they are counted in unless they retire. Doctors will be required to have computer
data bases now and many don’t and don’t care because that means higher cost and
a less personal office.
Housing is beginning to slump again as interest rate rise
making mortgages and loans less affordable.
When a mortgage rate goes from 3% to 4% the house that could be afforded
drops from a $400,000 house to a $300,000 house. When that 3% loan goes from 3% to 4% the
payment goes up 33.3%.
And when QE interest rates go from 0.25% to 2.5% on average
for the national debt the cost of Annual interest on US Italy
Quantitative easing has artificially dropped interest rates
so that Obama could dramatically increase the rate Octomoms, illegal immigrants
and others register and vote multiple times for his socialism. In Russia
http://www.youtube.com/watch?v=LtTnizEnC1U
Once the FED loses control of interest rates people now
predict the cost of just Obama’s existing squandered debt will drive QE to over
$1Trillion per month. This could happen
before Socialized Medicine bugs are worked out and could be the excuse used to
abandon Obama’s Socialized Medicine.
There is only one plan and Octomoms get it for free with no
deductable cost for coverage of their itinerant boyfriends and 14
children. If you work and contribute to
the American economy and earn $100,000 per year in New York City
QE’s low interest rates have driven private investors out of
bonds and into stocks driving the market to its new heights. This cash flow will reverse once the FED
loses control of the interest rates. It
is now likely that QE will not end until hyperinflation occurs and the world
leaves the dollar and goes back to a combination of major currencies and gold.
George Soros has held his position in gold after selling
only an estimated 12% of his holdings near the highs. It is reported Bill Gross, George Mellon, and
George Soros have recently begun accumulating gold investments again.
The economy and the stock market always eventually
disintegrate together under socialism.
The more socialism grows the more the economy shrinks. That is the historical repeatable fact with
no exceptions to the rule thus far.
Markets can remain
irrational longer than you can remain solvent –John Maynard Keynes
Jim Cramer said and now the other MSNBC are saying the stock
market can go higher because the Price Earnings ratio has not peaked at 20 to
25. They are fools because the
price-earnings ratio does not peak at 20 to 25 until the market collapses. See the truth; don’t consume the Jimmy Cramer
MSNBC baloney.
http://www.martincapital.com/index.php?page=graph&view=pe_pd
The stock market mavens are fiddling as Obama/Holden destroy
American exceptionalism and make America
If you look at these next two plots it says this bull market
is over because prices are about 50% higher than the historical average and the
dividends are very low.
World trade started to grow as China
The VIX indicates some market concern now at 20. The VIX
would normally top out above 30 or even 70 before the bear market ends. Investors are now as complacent as they were
in 2007 at the peak.
World market updates:
http://finance.yahoo.com/intlindices?e=europe
http://finance.yahoo.com/intlindices?e=asia
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