The only unions of states that have
had Obama’s socialist type medicine are China
and the now dead USSR
and dead Hitler’s Third Reich. The USA has each
state with separate educational and medical systems just as we always have had
and just like the EU has today. And if
you look at what China and
the now dead United
Soviet Socialist
Republic and Hitler’s dead
national socialist Third Reich did you see they conducted massive genocide
programs sometimes slaughtering but mostly starving their welfare classes and
the sick and infirm. Just like Barack
Obama… Lenin, Hitler, and Mao started their socialist revolutions ostensively
for their ignorant self-important thugs that took power.
Detroit
poised for first white mayor since ’74 as politics shift.
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, etc. And it is getting worse as Obama spends on
the growing USA ghettoes to
avoid riots in the cities such as Chicago
the murder Capitol of the world. That is why Octomom got over $200,000 last
year and everyone on welfare has the latest cell phone. Today Detroit
and Chicago are
called “connected communities” as if they are the models of what Obama and
Emanuel think other American cities should strive to become. Chicago Mayor Emanuel was Obama’s first
advisor when they made their first enemies list of Americans to politically
harass. You may remember they went after
Rush Limbaugh first. You may also remember
it drove Limbaugh to become addicted to pain killers and he spent a month in
rehab and lost his sports announcing job before he recovered.
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. Liberals openly criticized and questioned why
he should get one. And now Obama’s IRS
will decide who lives and who dies and perhaps Octomoms will get the priority
because they have so many dependants. Chicago is the deadliest city in the world and has more
killings than our troops saw in Afghanistan. It has four times the killing rate of the
larger city of New York
where they stop and disarm suspicious criminals found on the streets at odd
hours.
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. homes fell in September for
the first time in three months as higher prices and mortgage rates curbed
demand in an industry that helped boost the expansion last year. Purchases dropped 3.4 percent to a 5.29
million annual rate from a 5.48 million pace reported in August that was the
reported as the strongest since Obama took office. The median price of a house
climbed 11.7 percent in the period pushing affordability close to a five-year
low. However, the 5.48 million has now
been dropped to 5.39 million after it accomplished a false rally last month in
housing stocks. These absurd 100% wide
errors are the public indication of one of the most corrupt periods of economic
reporting in the history of 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 is now on
the verge of bankruptcy.
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
banks are storing commodities.
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
Germany
summoned the U.S. ambassador
to the Foreign Ministry over reports Chancellor Angela Merkel’s mobile phone
was monitored by U.S.
spy agencies.
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 type sub-hyper inflation.
China’s
biggest banks have tripled the amount of bad loans written off in the first
half, cleaning up their books ahead of what may be a fresh wave of growth.
Foreign investors were net sellers of U.S. long-term portfolio assets in August as China reduced
its holdings of Treasuries to a six-month low.
Mexico’s
government condemned the U.S. National Security Agency’s hacking of the e-mail
account of then-President Felipe Calderon in 2010, saying such actions are
unacceptable and violate international law.
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’s
imports. These are the business benefits
of the earliest stage of hyperinflation and are being misinterpreted as
economic recovery. In fact all the
recovery under Obama is simply from inflation and it is just now becoming
visible as the earliest stage of hyperinflation. It is the basis of the current optimism only
because most investors do not remember hyperinflation. But on Monday Squawk Box had a German on the
show who knew about the German hyperinflation that precipitated their economic
collapse and the rise of the National Socialist Adolf Hitler.
Consistent with nascent hyperinflation, banks, USA and EU,
face an overhaul of how they calculate possible losses on securities and
commodities they hold in their trading books as global regulators target
discrepancies in how lenders measure the riskiness of their commodity
investments. It shows banks have begun
hoarding commodities and are reducing taxes by playing games with paper trades
with shadow companies. The Basel
Committee on Banking Supervision may publish draft proposals as soon as this
month on capital rules for assets that banks intend to trade. Hoarding will only increase as inflation
picks up.
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 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
$31.1B---
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’s stimulus programs continue
to boost demand for precious metals.
Market rotation continues as QE floods America with cash creating jobless
stock market bubbles and wastes human capital.
Obama has put America on the slippery slope of
socialism. America was the world leader and
stayed 16yrs to 50yrs ahead of other advanced countries, as long as our patents
and manufacturing secrets allowed. Now,
socialism and outsourcing manufacturing is undermining America while Asia
is copying and undermining our exports. America needs a
regime change back to free enterprise to reverse the Obama process of political,
social, and economic unexceptionalism.
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 debt will go from $200 Billion
now to $2Trillion a ten fold increase on whatever the national debt interest is
at that time. The lower the FED
manipulated rate today the more disastrous the economic collapse will be. If the treasury interest rate goes from 0.25%
to 6% like in Italy
that is a 24 fold increase. If then US
debt reaches $20Trillion the annual interest at 6% would be another
$1.2Trillion each year in addition to the Obama spending deficit of
$1.2Trillion Obama already has. At that
point the spending deficit will have accelerated to twice Obama’s current
deficit rate.
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’s Putin used bus loads of
people who used multiple identities to vote him into office all day at multiple
polling places. Such corruption is
totally permitted in the US today and the individual who went undercover to
show how it was done was arrested multiple times since he first showed how
ACORN (a group that was accused of promoting illegal activities involving
fraud, prostitution and illegal voter registration) helped prostitution get
established in the Ghettos encouraging “socialist” free enterprise right after
Obama was first elected. See:
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 you pay a city and state sales
tax, a city state and federal income tax and you pay 40% (the deductable) of
your medical costs plus a 1% penalty from your gross income if you give the
collectors any hassle.
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 into a welfare state where
everyone is equal; equally impoverished spiritually and economically.
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 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
