Nov 8 2013 It is becoming clear now that Obama’s War on Men will put the last socialist nail in the ObamaMedicalCoffin for American Constitutional Liberties. Carl Schramm had an article in the WSJ yesterday on page A15 describing how ObamaMedicalCoffin rips off young men. Even an analysis of Obama administration Health and Human Services numbers notes that a 27-year-old male will pay 99% higher premiums under ObamaMedicalCoffin than he would under previously prevailing market rates. Actuarial and other research shows that the average male only sees a physician six times while between the ages of 21 and 35. In fact the cause of death and medical costs of young American men is primarily their sacrifice of their lives and health in the military services protecting the free world. Almost no American men are on welfare. Most unemployed young men work odd jobs at minimum wage levels below the IRS radar. ObamaMedicalCoffin will not cover poor men just as Obama’s welfare does not cover poor men. It promises instead to create a way to distribute legal drugs like Marijuana and pain killers to indigents.

But Octomom wannabes are encouraged by Obama social programs to have up to 14 children from multiple men so that she can legally receive close to $200,000 each year in welfare plus they can have free government medical fertility treatments to have more children until they max out all welfare.  Obama will give over 40 million more women and their illegitimate children even more welfare than Octomoms already have.  It is a myth that women and children on American welfare do not get free medical treatment already.  But this new system will open up $trillions in new medical expenses in new lawyer scams suing doctors for phony charges of malpractice.  Obama is not satisfied in his hatred of free enterprise in causing the longest economic contraction since our first socialist president FDR.  ObamaMedicalCoffin that benefits Octomoms and ambulance chasers will bankrupt the government.

http://www.huffingtonpost.com/2013/04/17/octomom-fraud-case-documents_n_3101216.html

 

Senior citizens will suffer the most because they will lose all their savings, social security will be bankrupted and they will be forced out of their home by skyrocketing property taxes.  ObamaMedicalCoffin will do nothing for the young and old warriors who get nothing because they are hard working and productive men who are discriminated against under socialism.  The main purpose of ObamaMedicalCoffin is to insure that socialists will be democratically elected the way Hitler’s party and the USSR communists were elected with 99% approval ratings until they bankrupted their countries morally and economically.

 

A senior administration official said that the U.S. will release new rules today requiring insurers to cover treatment for mental illness in the same manner they provide care for physical health further driving up the cost of ObamaMedicalCoffin and providing a whole new area of welfare for people who prefer the affluence that ignorance and emotional instability offer indigents under ObamaMedicalCoffin.

 

Carl J. Schramm is an internationally recognized leader in entrepreneurship, innovation and economic growth. Schramm served a decade as president of the Ewing Marion Kauffman Foundation where under his leadership, the Kauffman Foundation grew into a global institution, becoming the largest private funder of economic research related to growth and innovation. Schramm initiated many efforts in education, spearheading the Kauffman Campus Program at 17 universities and establishing the first charter school in the United States owned by a grant-making foundation.  An entrepreneur himself, as well as economist and lawyer, Schramm founded and co-founded several successful companies in the health care, finance and information technology industries, including HCIA, Inc., Patient Choice Health Care and Greenspring Advisors. Among Schramm’s books are "Health Care and Its Costs"

http://online.wsj.com/news/articles/SB10001424052702303936904579175611438302596

 

Nov 7 2013   According to Thomson Reuters estimates, the U.S. economy added a paltry 125,000 jobs in October, even less than the disappointing 148,000 positions added in September. The unemployment rate is expected to have edged up to 7.3%.  The monthly average for the first nine months of 2013 was originally a dismal 178,000 jobs.  During a recovery one would expect 300,000 to 400,000 new jobs every month.  But with Obama’s socialism the young people don’t seem to even care and they still vote for his policies.  Chicago Mayor Rahm Emanuel claims that mandatory prison sentences popular in low crime states and searches of suspicious people with guns and knives are ineffective deterrents to crime.  Chicago has the highest crime rate in the world. 

Colorado just approved a 25 percent tax on sales of marijuana a year after legalizing the drug to raise money for schools.    New York will let as many as seven Las Vegas-style casinos open to create income and jobs.  The new leftist NYC mayor thinks searches of suspicious people with guns discriminates against criminals and will review the policy which reduced gun crimes in NYC by 80% when Mayor Rudy Giuliani‎ first introduced the program.

Obama and the Clintons hit the trail for McAuliffe in Virginia and he spent ten times as much as his Tea Party opponent Ken Cuccinelli.  Polling put McAuliffe double digits ahead the week before the election.  But Republican Ken Cuccinelli came within 2% and a recount was needed in many counties.  This is the first indication that socialism is at last beginning to lose its luster again in America.

https://www.google.com/search?q=obama+rally&source=lnms&tbm=isch&sa=X&ei=Hqp3Uo_MDLe-4APs7oHYBg&sqi=2&ved=0CAcQ_AUoAQ&biw=1093&bih=479#q=obama+rally+virginia&tbm=isch&facrc=_&imgdii=_&imgrc=Y6A4rx6i7ASoqM%3A%3B05wq28PHzUr2yM%3Bhttp%253A%252F%252Fa57.foxnews.com%252Fglobal.fncstatic.com%252Fstatic%252Fmanaged%252Fimg%252F876%252F493%252FVa%252520Governor%252520Obama_Cham.jpg%253Fve%253D1%3Bhttp%253A%252F%252Fwww.foxnews.com%252Fpolitics%252F2013%252F11%252F04%252Fobama-hits-campaign-trail-for-mcauliffe-in-virginia%252F%3B876%3B493

 

Nov 5 2013  Recently Obama was in Sweden and praised their socialist system and poked fun of Americans who see Sweden’s socialism as bad.   Sweden did nothing to oppose National and International Socialism of Hitler and Stalin and remained neutral in WWII.  Countries such as Japan and Northern European countries have few minorities. The fewer the minorities the less oppressive socialism seems.  They become one big paternalistic family and father (the President) knows best.  But when things do not go well, heaven help you if you are not healthy or are in a minority.

http://www.thelocal.se/20120605/41252

 

Alan Keys points out that even the most free forms of socialism do not have the American presumption of innocence embodied in a Bill of Rights that Americans are presumed innocent because the Constitution guarantees we can use our guaranteed free speech and our guns to prevent a modern Hitler, or a Egyptian  Mohammed Morsi Moslem Brotherhood type totalitarian takeover and the replacement of the Constitution with Sharia law.  The army had to overthrow their socialist Egyptian dictator.  In America the socialists would not get that far and the armed forces are sworn to uphold our Constitution and few are brainwashed by socialist run colleges.

 http://www.wnd.com/2010/07/173621/

 

In Sweden for example if you are home schooling your children you are presumed guilty because you do not have that right, only the state has that right and their indoctrination is as pro-government control as Hitler’s and Stalin’s school systems.  Sweden is heading towards a one party bloodless dictatorship like all totalitarian systems have.  The majority loved Hitler, they loved Stalin, they loved Sadam Husein, and they loved the Imam Khomeini.  Socialism is a tyranny of the majority that outlaws even the right to disagree with them. 

 

“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 foundations of society." --Thomas Jefferson to Pierre Samuel Dupont de Nemours, 1816

http://whatreallyhappened.com/RANCHO/POLITICS/DOCUMENTS/JEFFERSON/jeff2.html

 

Nov 4 2013  Investors stampede into initial public offerings in a frenzy not seen since the Obama-Dodd-Frank Liar Loan derivative financial crisis.  This is another indication of a frothy stock market top.

http://online.wsj.com/news/articles/SB10001424052702303843104579174282457849984

 

Fewer than 47 percent of Americans support Obama’s socialized medicine and the number is declining daily.  Americans have still not all learned that socialism is a paternalistic cradle to the grave society and because it destroys the incentive to work it rapidly gets into trouble and silently and quickly evolves and  gets rid of the sick and the unemployed first.  When socialism considers itself successful, the sick and mentally ill are institutionalized and never publicly seen again.  The poor are sent to labor camps where they either work or starve to death.  Of course their media is under complete control of the government and not only is the evil of socialism not reported they hold huge rallies to divert attention to their popular rising dictators.  Prior to WWII Hitler and especially Stalin was especially popular in the Universities.  That is why FDR became a flaming liberal and wrecked the American economy with social welfare programs and something for nothing that stagnated growth even worse than we have today.  FDR was elected for three terms and doubled the number of Supreme Court Justices with leftists so he could stuff unconstitutional socialist programs trough without resistance.  FDR’s abuse of power is why we have a two term limit on presidents.  We need a two term limit on Congress as well.

None of the many critics who called Bush… Hitler was ever fired.  That was because President Bush did not support socialism or go after the American Constitution’s bill of rights and Hitler was a socialist and hated and got rid what was the German Legislature.  Stalin also only really reported to his Socialist party too.  But if someone calls Obama a Hitler or a Stalin the leftists scream because everyone knows Hitler was a Nationalist Socialist and Stalin called himself an International Socialist and Obama is a socialist too.   Recently in Sweden he made it clear he liked socialism and did not understand why Americans do not.  Ben Stein was first criticized in 2008 interview after comparing one of Obama’s major campaign rallies to Adolf Hitler’s Nazi rallies at Nuremberg.  Ben Stein a well known commentator cites his questioning of Goldman Sachs’ liar loan derivatives activity as a second reason for his firing.    “I made a new set of antagonists by repeatedly and in detail criticizing the real power in this country, the “investment bank” Goldman Sachs, for what seemed to me questionable behavior. This elicited a mountain of favorable mail but also some complaints by well-placed persons.”

http://www.google.com/imgres?imgurl=http://graphics8.nytimes.com/images/2008/05/19/us/19campaign.600.jpg&imgrefurl=http://www.nytimes.com/2008/05/19/us/politics/19campaign.html&h=360&w=600&sz=136&tbnid=qJMJbElXoYFIKM:&tbnh=90&tbnw=150&zoom=1&usg=__jMBpZjDbOr9b5Q_BUIu0OBfLFvk=&docid=3H5onoK7_IfL3M&sa=X&ei=KaZ3UoaKDebB4APavYDwAg&sqi=2&ved=0CD4Q9QEwBQ

 

http://www.google.com/imgres?imgurl=http://images.sodahead.com/polls/000599367/polls_cameraangle_3428_270899_poll_xlarge.jpeg&imgrefurl=http://www.sodahead.com/united-states/ny-times-reporter-i-was-fired-for-criticizing-obama-columnist-who-compared-obama-campaign-to-hitle/question-599367/&h=216&w=350&sz=16&tbnid=vyF08GzKZSjDMM:&tbnh=90&tbnw=146&zoom=1&usg=__UY94VmztjLiAaqhxxdYanQgj9gM=&docid=MGXiYgqG2lYD1M&sa=X&ei=iKt3Ur_oK_KssASGl4GoBA&ved=0CDIQ9QEwAg

 

World Economies Nov 8, 2013

Standard & Poor’s cut France’s credit rating.

Shipbuilder OSX Brazil SA (OSXB3) is planning to file for bankruptcy protection Nov 8.

Angela Merkel the East German daughter of a Lutheran Pastor was a PhD Physicist and has been the Chancellor of Germany since 2005.  President Obama had even had her cell phone taped presumably to help her socialist opponent weaken her coalition government.  She is having difficulty governing now.

http://www.telegraph.co.uk/news/worldnews/europe/germany/10407282/Barack-Obama-approved-tapping-Angela-Merkels-phone-3-years-ago.html

 

Denmark broke away from Sweden and closer to the rest of Europe in setting a timeline for financial regulation. 

Emerging markets are running out of steam and will bear the brunt of the coming recession as interest rates rise.  Emerging-market stocks fell to a three-week low.

The Turkish lira is weakening again.

Thai shares weakened as anti-government protests strengthened.  In 1998 and in 2007 the hyper growth rate went into collapse.    Greece’s and Ukraine’s nation’s debt ratings have been cut to the junk level.

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

http://finance.yahoo.com/q/bc?s=%5EN225&t=1y&l=on&z=l&q=l&c=

 

 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.

http://in.finance.yahoo.com/q/bc?s=%5EGDAXI&t=my&l=on&z=l&q=l&c=

 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/q/bc?s=%5EFCHI&t=my&l=on&z=l&q=l&c=

 

The Swiss market indicates stagnation since 2007.

http://finance.yahoo.com/q/bc?s=%5ESSMI&t=my&l=on&z=l&q=l&c=

 

  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

Nov 4

Factory Orders Aug -0.1% down again -2.4%  --

Factory Orders Sep 1.7% up from -0.1%  This looks like Obama Socialist manipulation.  September may be high so that they can show a drop in October because Obama refuses to take the blame for the terrible economy he has created.  

Nov 5

ISM Services Oct 55.4 up from 54.4  +++

Nov 6

Mortgage Index 11/02 -7.0% NA NA 6.4% -

Nov 7

Challenger planned corporate Job Cuts Oct -4.2%  dropped from last month 19.1% ++

Leading Indicators Sep 0.7% flat 0.7% -

AM Crude Inventories 11/02 1.577M down sharply 4.087 -

Initial Claims 11/02 336K down slightly from 340K

Continuing Claims 10/26 2868K up from 2863K

GDP-Adv. Q3 2.8% up during the shutdown 2.5% ++  This GDP is ridiculous especially given the government shutdown.  Last year at this time the Fed also gave ridiculous numbers that were revised down to about 2% growth the same as the inflation rate which really means Obama growth is nothing but inflation.

Chain Deflator-Adv. Q3 1.9% up sharply from 0.6%  --

Consumer Credit Sep $13.7B rose from $13.6B

Nov 08

Nonfarm Payrolls Oct 204K up from 148K after the government shutdown

Nonfarm Private Payrolls Oct 212K up from 126K after the government shutdown

Unemployment Rate Oct 7.3% up from 7.2% after the government shutdown

Hourly Earnings Oct 0.1% flat at 0.1% after the government shutdown

Average Workweek Oct 34.4 flat at 34.5 after the government shutdown

Personal Income Sep 0.5% up more than last time’s 0.4% after the government shutdown

Personal Spending Sep 0.2% flat 0.3% after the government shutdown

PCE Prices - Core Sep 0.1% flat at 0.1% 0 after the government shutdown

 

The Markets Nov 8, 2013

This time the Obama Fed numbers show the economy grew more during the government shutdown than with a functioning Obama government.  Obama numbers are about as reliable as the old USSR economic numbers.  How can anyone have any confidence in anything the Obama government touches?  Treasuries interest rates rose the most in two months after a phony Labor Department report showed the economy added more jobs with the government shutdown, boosting speculation that the Federal Reserve may be setting people up to announce a reduction of its monthly $85 billion of bonds as soon as its Dec. 17-18 meeting.  The plunge in stocks yesterday indicates that the Obama administration leaked the Fed intentions to campaign contributors yesterday.

It is becoming clearer that the Fed’s QE may already have become a crutch that allows the world economy to hobble along.  That plus legalized marijuana seems to keep the socialist students happy with the Obama administration.  Who cares about studying or a job when you can live pretty comfortable with your girlfriend and children as long as your girlfriend is on welfare.  Is 'Octomom' America's Future?  We are seeing the worsening effects of a socialist administration.  But the stock market investors are going with the flow.  You never go against the FED until the hyperinflation kicks in.  And then you run.

http://online.wsj.com/news/articles/SB123447506782479249

 

Perhaps the fed will not announce QE tapering has begun and keep it a secret as Greenspan would have done.  Then perhaps the stock market will not collapse immediately.  But still the cash flow would decline.  And since drugs like Opium do nothing to improve human productivity and withdrawal destroys productivity…  is it not likely that while QE did nothing to improve the economy withdrawal may completely destroy it?  It seems QE was just another stupid socialist economic belief in something for nothing.

 

If the American Congress does not stop Obama’s socialized medicine America’s bankruptcy will stop it.  The QE Liar Loan backed stock market bubble finally has carried the NYSE to within striking distance of a new high.  It is not apparent yet how the QE bubble will implode but it has tied the world economies as well as the American stock exchanges to worthless liar-loan mortgage paper.  There is little fat left in the economy to cut.  It seems the crash may come due to massive bankruptcies brought about by a world wide stock market collapse.  That would also hurt precious metals.  In FDR’s great depression those who kept their jobs saw pay cuts that dropped their salaries on average by 50% and many people could not pay their debts.  Fortunately for them few people had purchased on credit.  But with an Obama depression credit markets will undoubtedly collapse as well.

 

Stock market volume (investor participation) has dropped continuously and is now down by 40% since Obama was elected in November 2007.   

 

Market rotation continues as QE floods America with cash creating jobless stock market bubbles and wasting human capital.

 

 

 Markets can remain irrational longer than you can remain solvent –John Maynard Keynes

 

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.

http://www.martincapital.com/index.php?page=graph&view=div_earns_payout

 

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.

http://finance.yahoo.com/q/bc?s=%5EVIX&t=5y&l=on&z=l&q=l&c=

World market updates:

http://finance.yahoo.com/intlindices?e=europe

http://finance.yahoo.com/intlindices?e=asia