Trump is competent and he says he will threaten to retaliate
dollar for dollar for the tariffs and restrictions that China , Mexico and others put on American
products. He claims he is so intelligent
and persuasive that he will convince all our trade partners to reduce their
tariffs as a condition for no American tariffs on their products. But he makes an exception for American companies that sold out to greed and moved out of America for cheaper labor. Those company products will have tariffs until those companies move back to America. Even if it proves impossible it is the thought that counts and the lesson the deserters will learn.
Thursday, May 5, 2016
May 5, 2016 This is a difficult year to plan anything with a stock market bubble and no obvious economic shock in sight. But the pressure is building with the BRICS slowly entering bankruptcy. Puerto Rico is also entering bankruptcy and the wealthy Chinese are putting all the money they can into offshore accounts. Gold is now rising as an indication of the fear of either an economic collapse or of accelerating inflation. The glut of oil continues to increase as most major economies struggle to grow. It is similar to the situation President Herbert Hoover faced, but he and FDR did not have all the economic tools we have today. But the tools don’t seem to work as the debt bubble expands and interest rates approach zero and turn negative even in the best of economies. That is another reason people are starting to buy gold again as hyperinflation becomes a possible world problem. That happens to countries that get too debt ridden and the whole world is falling deep into debt.
Friday, April 29, 2016
April 29 2016 The probable climax of the current Obama bear market has begun. The plunge into the second Obama recession is accelerating with the fear that corruption and incompetence could accelerate again under a Hilary Clinton presidency.
The very last economic growth area, home construction,
appears to have topped.
Home prices have topped.
Retail sales have stagnated.
Labor costs are inflating giving the FED ammunition to raise
rates.
But the greatest threat to the American Economy is now
Hillary Clinton who is favored in national polls. So Hillary Clinton joins Obama now as the
greatest danger to the economy and the stock market. If they are rebuked by the electorate then
the US
economy and stock market will be unleashed and growing again in December just
in anticipation of change. But right now
we expect the economy and stock market will now decline faster even than it has
so far this year. The bottom will
probably move out to at least Election Day in November because Clinton is beginning to scare people. Trump appears to be a White Knight this
year. He is calling attention to the
Clinton-Obama incompetence and that is frightening people who did not realize
how incompetent and corrupt the administration has been. Under an honest American Government Hilary
Clinton would already be facing charges for email violations of national
security.
Looking back at Democrat Lois Lerner’s IRS harassment of
Conservative sympathetic organizations in 2012, it is amazing that the Obama
administration has not yet been sued for their illegal NSA and IRS harassment
of innocent Americans. Back then my
wife and I were told by the IRS that we owed about $14000 with all the
penalties they were adding and would have to appear in a DC court within three
months. I recomputed our taxes and told
the IRS that they owed us $17 (we overpaid).
They ignored us so I then went to H and R Block and they computed that
the IRS actually owed us $19. Then the
IRS stopped harassing us. Friends of
ours reported similar Obama-Holder-Clinton harassment. Apparently a storm was brewing because of
Obama/Holder/Lerner deliberate unconstitutional abuse of power.
Obama and his Justice Department and IRS were corrupt and
harassing my wife and I for this blog and for belonging to a Historical
Society. Other historians were also
harassed. Federal personel attended TNT
rallies and took down the names and addresses of people attending that asked
for information at tables they had set up.
Even friends of ours in fundamentalist church organizations were also
planning to take the IRS and Obama to court.
But Obama’s persecution was still not as bad as the Clinton Administration
was when Clinton started monitoring Church pastors and ordered that when
pastors criticize his corrupt government they be threatened with the church
loss of its tax exempt status. Back then
their administration killed the family of a Green Beret recluse at Ruby
Ridge and massacred over 70 men women and children of a Mormon sect in Wako Texas . We don’t need another Clinton in power. Obama and the last Clinton were bad enough.
https://www.youtube.com/watch?v=xsDBAixXJdM
https://www.youtube.com/watch?v=I9-Ih4H70MM
But now Obama and Hilary are even worse because they have
been illegally using the NSA to tap the lines of political critics and
reporters like James Rosen, New Jersey Governor Chris Christie and a former
West Virginia Governor. The governors were
illegally spied on, attacked, and temporarily discredited by the
Clinton-Obama Administration so they would not run for President in 2012. The two
NJ State employees who were illegally framed for Bridgegate continue to this
day to deny the fabricated Clinton-Obama charges and the case against then has
been suspended for years. Obviously
Hilary Clinton and Obama illegally use the National Security Agency to sabotage
people who expose the administration’s illegal harassment of political
critics. It was obvious they used the
NSA super-computer to create the “Bridge-Gate” incident by piecing together
random NSA phone and Internet records in a record two weeks time. It is obvious from that speed that it was done that it was all illegal
harassment and false federal accusations.
If there was any truth to the charges the trial would have already taken
place. But they know that a trial will
expose the Hilary-Obama corruption.
American security has been compromised and NSA has helped Hilary and
Obama make the world a more dangerous place.
Why didn’t they tap terrorist conversations instead and save American
lives? Why did Hilary and Obama first overtly
lie and accuse an American-Jewish film maker of causing the Islamic terrorist
riots and the murder of Americans in Libya .
By illegally diverting NSA and the FBI to harass American
critics Clinton and Obama have used them similar to the KGB. Perhaps that is why the FBI has not charged
Hilary Clinton yet for her home computer security violations. Former Secretary of State Clinton and
President Obama are responsible for the diversion of American National
resources away from exposing corruption, and Islamic Terrorism, to their
political harassment of Americans, and even to their fast and furious gun running to Mexican drug lords that resulted in the deaths of an estimated 30,000 innocent Mexicans. Would Hillary spill the beans if she were prosecuted?
https://www.washingtonpost.com/local/justice-departments-scrutiny-of-fox-news-reporter-james-rosen-in-leak-case-draws-fire/2013/05/20/c6289eba-c162-11e2-8bd8-2788030e6b44_story.html
http://www.bbc.com/news/world-latin-america-20825061
http://thehill.com/blogs/blog-briefing-room/news/230367-mexico-amb-fast-and-furious-qpoisonedq-mexico-public-opinion-of-us
http://www.bbc.com/news/world-latin-america-20825061
http://thehill.com/blogs/blog-briefing-room/news/230367-mexico-amb-fast-and-furious-qpoisonedq-mexico-public-opinion-of-us
Friday, April 15, 2016
April 15, 2016 Less than a decade ago, the world economy sank into Obama’s Great Recession: beginning the deepest and most widespread downturn since the Great Depression of 1929-1936. Since the stock market fell in 2008, recovery has been long and slow, marked by persistent bumps in the road along the way. Nonetheless, a small fragile economic recovery has indeed taken place. The S&P 500 index rose more than 92% over the past five years until market volatility kicked in during the second half of 2015. So far in 2016, every one of the six major US stock indices has remained below the levels set in May of 2015. And still everyone on Wall Street is blind to the evidence that the world is now in chronic economic decline and rising social disorder. Evidence exists that the 2016 stock market blowout is now about to start!
Abbot and Costello explain Obama and Hillary
COSTELLO: I want to
talk about the unemployment rate in America .
ABBOTT: Good Subject.
Terrible Times. It’s 5.6%.
COSTELLO: That many
people are out of work?
ABBOTT: No, that’s 23%.
COSTELLO: You just said 5.6%.
ABBOTT: 5.6%
Unemployed.
COSTELLO: Right 5.6%
out of work.
ABBOTT: No, that’s 23%.
COSTELLO: Okay, so it’s 23% unemployed.
ABBOTT: No, that’s 5.6%.
COSTELLO: WAIT A
MINUTE. Is it 5.6% or 23%?
ABBOTT: 5.6% are unemployed.
23% are out of work.
COSTELLO: If you are out of work you are unemployed.
ABBOTT: No, Obama
said you can’t count the “Out of Work” as the unemployed. You have to look for work to be unemployed.
COSTELLO: BUT THEY ARE OUT OF WORK!!!
ABBOTT: No, you miss his point.
COSTELLO: What point?
ABBOTT: Someone who
doesn’t look for work can’t be counted with those who look for work. It
wouldn’t be fair.
COSTELLO: To whom?
ABBOTT: The unemployed.
COSTELLO: But ALL of them are out of work.
ABBOTT: No, the unemployed are actively looking for work.
Those who are out of work gave up looking and if you give up, you are no longer
in the ranks of the unemployed.
COSTELLO: So if you’re off the unemployment roles that would
count as less unemployment?
ABBOTT: Unemployment would go down. Absolutely!
COSTELLO: The unemployment just goes down because you don’t
look for work?
ABBOTT: Absolutely it goes down. That’s how it gets to 5.6%.
Otherwise it would be 23%.
COSTELLO: Wait, I got a question for you. That means there
are two ways to bring down the unemployment number?
ABBOTT: Two ways is correct.
COSTELLO: Unemployment can go down if someone gets a job?
ABBOTT: Correct.
COSTELLO: And unemployment can also go down if you stop
looking for a job?
ABBOTT: Bingo.
COSTELLO: So there are two ways to bring unemployment down,
and the easier of the two is to have people stop looking for work.
ABBOTT: Now you’re thinking like a Democrat.
COSTELLO: I don’t
even know what the hell I just said!
ABBOTT: Now you’re thinking like Obama and Hillary.
Thursday, April 7, 2016
April 6, 2016 Tesla’s Ludicrous Model X P90D—an electric all-wheel-drive luxury SUV—comes loaded with pollution and dangerous technology.
The liquid-cooled
lithium-ion battery pack (90kWh nominal) has safety issues as well as energy
conversion and transmission issues that have been blatantly ignored. Tesla Motors Model S electric cars are known
to have caught fire after their lithium-ion battery packs were damaged. The batteries are the largest component of
the 2.5 ton Ludicrous P90D car weight.
MIT reported that the Electric-vehicle’s battery packs are made of
hundreds to thousands of battery cells, each of which contains a flammable
liquid electrolyte. The lithium metal
itself is inherently unstable especially if it gets in direct contact with
water and creates dangerous flammable hydrogen gas and intense heat. But the most Ludicrous stupid oversight of
all the environmental idiots who claim Ludicrous is environmentally friendly is
the fact that those stupid environmentalist apparently don’t know that coal and
oil are burned to generate most of the electricity to recharge the Ludicrous
batteries. And when you consider the
electrical transmission, AC-DC conversion, and charging losses that add 50% to
the thermal and chemical pollution, the Ludicrous is much more polluting than a
modern gasoline or diesel engines. But
then everyone knows the entire EPA bureaucracy is biased and not very bright.
http://batteryuniversity.com/learn/article/lithium_ion_safety_concerns
Sunday, April 3, 2016
April 4, 2016 The cyclic collapse of the US stock market is now imminent. An update is now relevant after another year of unprecedented manipulation of the economy by the US FED and many national banks.
The world
money supply has been increased so fast that it makes the US FED look cautious
in comparison. In spite of the $21+ Trillion
Obama US debt expansion, the
US
economy is now faltering. Worldwide
there have been large-scale asset purchases (LSAPs), referred to as
quantitative easing (QE). Despite
lowering bank discount rates close to zero additional measures were needed to
achieve a pitifully small 2% growth target. Negative interest rates will initially occur
if we enter an economic depression.
The aim of
the QE program was the injection of a large monetary stimulus into the major
world economies to boost nominal expenditure and thereby increase domestic inflation
sufficiently to prevent a great depression. Since the major world economies did this
virtually in unison there has not yet been a great disequilibrium or
destruction of national currencies. But
the result has already been stagnation and tens of trillions of national debt
that would bankrupt all the major world powers if interest rates were to only
hit 5% again (even if no payments were made to reduce national debts). 5% Prime Interest Rate has been the US historic
average prime interest rate. The Prime Interest
Bank Rate even hit 16% at the end of Jimmy Carter’s “stupid party”
administration when terrorists invaded the American Embassy in Iran and held
sixty Americans hostage for 444 days until President Regan was elected on his
promise to kick the Ayatollah’s ass.
The decline
in the stock market started late in 2015 and is now showing up in all the
financial and economic indicators. That
means Obama and his corrupt “Stupid Socialist Party” will be thrown out this
year in disgrace.
Factory
orders have been declining since the end of 2014.
The Leading
Economic Indicators have peaked at almost the same levels as before the first
Obama recession.
Construction
spending seems to have peaked at a level below the Bush Administration peak.
The ISM
Manufacturing index appears to be tanking.
The fake
under reported Obama caused unemployment rate stands at 5%. The under reported real unemployment rate
stands at about 10% but when the additional under employment caused by Obama’s
crappy-care (30 hour part time exclusion for federal medical benefits), the
real unemployment rate now approaches 20% for the first time since FDR’s Great
Depression of 1933.
The shrewd
businessman, Donald Trump appears to know how to sort out the Obama/Clinton
mess. Trump knows that “Free Trade” is not the same
thing as Mexico giving free
land and tax breaks and loans for American companies to move manufacturing to Mexico . Trump
knows free trade is not the same as China unilaterally taxing American imports
or refusing to import many American products that their people desire. Donald
Trump knows that Americans know that Obama is totally incompetent and Hillary
is corrupt to the core. Trump knows how to build an honest productive
organization, a government of competent people, not prevaricating corrupt
political hacks. And Americans now are
beginning to like Donald Trump’s ability to distinguish reality from the
liberal news media and the Clinton-Obama bullshit.
Friday, February 5, 2016
Feb 12 2015 All the five major indices we follow have now broken down and have given sell signals in both their price and cash flows. The DJI was the last to fall.
One of the
turning points in the 2012 presidential campaign was when Republican nominee
Mitt Romney privately said that 47 percent of the population -- supporters of
President Barack Obama -- were people who are "dependent upon government,
who believe that they are victims, who believe that government has a
responsibility to care for them, who believe that they are entitled to health
care, to food, to housing, to you name it." He was correct but it was not politically
correct and unfortunately Romney lacked the courage to have the data documented
to prove the point. “PunditFact” a “stupidparty”
offshoot not only proved Romney’s point but Louis Jacobson, in his effort to
discredit Romney shows how the situation actually is now much worse. Slowly welfare is creeping in everywhere with
socialized education and medicine. Thus
children, seniors, and individuals in many working families are also
receiving welfare since the “stupid party” took over.
“PunditFact” posted, “Just because you’re receiving means-tested (welfare)
benefits doesn’t mean you’re not working. According to 2012 Census Bureau data,
roughly 23 percent of households with at least one working adult received
means-tested benefits.
For Medicaid, 28 percent of recipients between the
ages of 18 and 64, worked full time, according to the Census Bureau. (Another
15 percent of recipients in that age group worked part time.)
Other means-tested benefits show considerable overlap
with the population of working adults. Roughly 60 percent of food stamp
recipients who were of working age and weren’t disabled were employed while
receiving benefits, according to a Census Bureau sample calculated by the
liberal Center for Budget and Policy Priorities.”
Instead of discrediting
Mitt Romney, PunditFact proves that the spread of welfare is much worse than
Mitt Romney said. Almost all American families
are now partially on the dole today with some sort of aid, scholarship,
training, medical, senior or other program.
It is called creeping socialism and it can destroy any economy. The socialist cure for poverty actually is a
creeping contagion of self pity and resentment that drops the entire population
into a state of “equality of poverty.”
That is why the Soviet Union collapsed and why the replacement of
socialism in the USSR and China with
free-enterprise has revived all them and other former communist socialist
nations. That is why Obama’s “stupid
party” welfare has destroyed the American economy just as it is destroying the
most socialist of European economies.
The American cure is to give the entire Obama-Hillary “stupid party” the
boot so that the market economy can re-boot and investments will flourish
again. Socialism is the root cause of
the Obama-Hillary induced American.
Giving socialism the boot this year is why Trump and 15 other candidates
saw an opportunity in running for President.
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