Tuesday, October 8, 2013

Oct 8, 2013 Jimmy Carter who at his time gave America the worst economy in its history gave needed economic advice today to Obama. “Obama you are destroying America’s middle class with selling tax breaks to the rich for a $Billion in campaign contributions and giving entitlements to the lazy, and to the lawyers in out-of-control litigant fraud.” The middle class is paying the political and economic cost of Obamanomics. Under Obama America has become a nation of sycophants at both ends of the economic scale and slave-like intellectuals and laborers in the middle.

Oct 4, 2013   This week Obama/Holden’s socialized medicine hit the websites and was found dead on arrival.  Read the first article of the WSJ Opinion Page and you will see that in the past Democrats used the debt ceiling limit to get higher spending Omnibus bills 60% of the time while Republicans have used the past debt ceiling to reduce wasteful spending 15% of the time.  25% of the time a split Congress used the debt ceiling for mixed purposes. We are seeing Obama’s socialism destroying America before our very eyes.  Obama’s socialization works this way.  If you are Octomom then everything is free for you and your 14 illegitimate children and it is paid 100% in full for each sycophant without co-payments.  Your too sexy to work boyfriends live with you but leave during the day and are also covered by Medicaid.  

On the other hand if you are a responsible person and chose to study and learn something useful and actually have been contributing to society all your life you have to pay for all the people who didn’t want no stinkin education and who Obama believes totals about 40million people who he claims have been poorly treated by the United States by all the stinkin dead old white men who died only to give us American slavery.   You have to admit Obama has a view of America which many new Obama illegal immigrants agree with.  Today Obama has opened the flood gates to all the Octomoms and other sycophants of the world and has made it very difficult for educated and skilled immigrants to enter America.   

Obama is now being seen as an incompetent president that cannot lead and refuses to follow. 

“Reagan didn't put anything off the table, if he felt it was for the good of the American people to tweak the tax system.”  Alan K. Simpson  

If you earn less than $50,000 a year your health insurance will only go up 40% to 60% with Obama’s nationalized health care.   

If you make $100,000 per year your health insurance will go up 200% to 300% but you probably will just pay a penalty and become self insured.  The cost goes up because even if you are a man you are covered for birth control, pregnancy, abortions, prenatal care and childbirth.  And if you are a woman your prostate cancer is covered.  You may chose to move to a different country and renounce US citizenship since Obama is guiding the country toward increased violence, gun running, IRS harassment and tyranny by attacking our Bill of Rights.  Eric Holder has no integrity.  Obama refuses to fire, arrest and prosecute Attorney General Holder for arming the drug lords who are the driving force behind illegal immigration.  30,000 innocent Mexicans were murdered using Holder’s guns.   

If you have integrity, nothing else matters. If you don't have integrity, nothing else matters.    Alan K. Simpson  

And by the way, you are not free to stay out of socialized medicine.  We have so-called conservative Chief Justice Roberts who said that your indentured servitude to 47 million indigents is just a form of taxation.  It is a socialist tax levied against people who work for a living and have integrity and don’t pretend they have a back injury and cannot work.  It is a tax on Americans who actually earn  money because they make valuable contributions  to society.  Under Obama’s socialism all good things must be punished because it is so unjust to be paid for what we do.  Obama says we must take from those who work and give to his indigent voting constituency according to their needs.  That is why communism only lasts about one full generation until everyone realizes the system is unworkable because everyone who has integrity and is decent and good is put in prison or their right to work or travel is rescinded so they are imprisoned as thousands like Aleksandr Solzhenitsyn were.  

 If the president does not agree to delay socialized medicine by at least a year to give people a chance to understand what it is,  then the resultant suspension of treasury sales will cause fixed interest investors to go elsewhere and other currencies will rise vs. the dollar and Gold will rise even faster than the other currencies.  It will mean the end of American economic exceptionalism and America’s world leadership caused by a president and Senate that could not lead would not negotiate would they follow common sense. 

World Economies Oct 8, 2013
Japan’s trade surplus unexpectedly shrank to a record low for an August, underscoring drags on the economy as Prime Minister Shinzo Abe tries to exit 20 years of QE caused deflation.  The surplus fell 64 percent from a year earlier as imports exceeded exports.  “There’s a low chance that the current-account balance will turn to a deficit in the coming months,” said Hiroaki Muto, a senior economist at Sumitomo Mitsui Asset Management Co. in Tokyo. 

Japan’s stock market appears to have topped and begun a new decline.  It has declined since 1990 when it began Quantitative Easing. 

 The German market hit previous resistance levels and has begun to form the second shoulder of the Head and Shoulder sell signal after failing to reach its last high.  It also failed its upper resistance level reached previously in 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.

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.

American Economy
Every liberal who voted for Obama is suffering. Obama policies have provided no net new jobs since 2006 leaving the young with high unemployment.  Obama liberals are now getting equality of poverty.  And Socialized Medicine will actually shrink healthcare as American students avoid medical school and third world socialist doctors are not as competent.  Foreigners from the Mid-east and other impoverished and jealous nations have to suppress the fact that the majority of them generally hate Americans.

The Markets Oct 8, 2013
Delaying the introduction of Socialized medicine is a fact and already is happening whether liberals want to admit it or not.  It is rapidly becoming a state’s rights issue as it should be.  The now the 47million indigents that Obama wants to cover will bankrupt the excessively liberal states that have most of them because the liberals have catered to Octomoms and their too sexy to work male friends.  The other states will refuse to fund the excessively liberal states and will take it to the Supreme Court.  Then the productive people who attracted the liberals who cater to the sycophants in the excessively liberal states will finally feel forced to move out, possibly to foreign safe-haven countries or Southern States.  Large states in the North will become as poor as Rhode Island. 

Read the WSJ Opinion Page of Oct 4.   People trying to check Obama’s socialized medicine on line are learning that it is far too expensive to take on 27 million new Octomoms and their 20 million “too sexy to work” boyfriends.  If Congress agrees we can delay passage, then we can vacate the bill and eliminate the 20,000 IRS jobs Obama created to harass the critics of socialized medicine. 

Otherwise the 10% to 25% market drop looming now will vaporize beginning when Obama or the Senate agree to delay socialized medicine and fire the 20,000 IRS people hired specifically to enforce socialized medicine with politically motivated IRS harassment that is a clearly recognized form of tyranny that violates the American Constitution. 

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 began to replenish some iron ore stockpiles.

The VIX indicates extreme complacency with the worst about to come. 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=asia

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