Monday, October 5, 2015

October 9 The ignorance within the “Stupid Party” is at an all time new high. The collapse of the American economy under FDR in 1932-33 was due to the turmoil of the stock market in 1929 and FDR’s 90% stock market crash in 1932 because world banks lost most of their money in the worldwide stock market crashes. So the Glass-Steagall Act was passed which then made it illegal for banks to invest in the stock market. The stock market was fine from 1934 until Stupid Party President Clinton made it legal again for banks to speculate in the stock market in 1998. Now the stupid party is running the banks and they have already begun buying stocks starting at the bubble prices of early this September and plan to buy more just as the stock market is now beginning to implode. They think that will inflate the stock market bubble but it in fact will only discredit the banks and ultimately cause another 1933 type worldwide economic depression that led to National and International socialism and to a world war. Over 100 million lives were lost in that period. Americans have to get these “Stupid Party” crony capitalist socialists out of power before they completely destroy our national competency and turn us into a third rate economy.

            October 8    Last week the market manipulators were successful at talking up the price of oil so they could sell and take profits before the truth came out today that the oil glut has hit new records.  The world wide recession/depression is only beginning and will not end until we elect a competent US president again and a competent Congress.  The markets will rally once Americans realize the Stupid Party Socialists have been shammed out of existence for their crony capitalism corruption.  The Clinton selfish charities of influence and graft will have to go out of business first.
            Yesterday the market’s third attempt to break out on the up side ran out of steam as cash flow increases each time the market retreats between breakout attempts.  Most of the action was from the slight recovery of drug stocks. That third attempt to bounce back failed yesterday.  This has gone on for a month.  Meanwhile it is getting harder for American companies to grow revenue when the percentage of people in the world who are working is shrinking more rapidly each month.  The WSJ reported that sales of US debt peaked then fell in mid 2011, went negative in 2013 and now are selling off already at twice the leveling 2013.  This fact correlates with the sharp market sell offs in each of 2011 and 2013.  The WSJ did not show data for 2007-2008 to see if it correlates with the recession as well.  The dollar is now being dumped on foreign markets.  Hold on to your hats.
            Hilary came out against Obama’s sell-out Pacific trade pack which indicates Obama will be supporting Biden and Biden will probably announce he is running on Monday.
            We reported weeks ago that most of the people in the recent Moslem invasion of Europe were of ISIS age.  It turns out that over 80% are men between the ages of 18 and 48 just like the ISIS terrorists.  Can you imagine the size of the potential terrorist threat Germany will have if the terrorists among them all attack when given a signal?
            We reported that an officer was being kicked out of the US Army for beating up an Afghan who was raping a little boy.  The Army is now allowing him to try to have his record cleared.
October 7  The International Monetary Fund now predicts and warns of a rising risk of a global slump similar to what occurred with the 2007-2008 credit crises.   The US balance of trade has plummeted in the latest months because prices in other countries are declining with their economies.   The stock markets have failed thus far to reach their previous bounce high and are still well below their 65 day moving averages.  That means there is no evidence so far that the current market decline will end any time soon.
      This week another “Stupid Party idiot” on MSNBC proudly said that 100,000 new jobs each month will keep the Obama “Stupid Party” unemployment number at about 5%.   But Obama’s “Stupid Party” unemployment number is actually more than 20% now because Obama’s “Stupid Party” unemployment insurance does not count any unemployed person who is no longer eligible for unemployment payments, or who is living on welfare, or a man with a woman living on welfare who supports him.   300,000 new jobs each month is needed to keep America at full employment with our current population.
       October 6   The various American stock markets would have to close 2% to 3% higher just to hit their current resistance levels.  The volume on Monday’s advance weakened and would have to increase at least 5% to show any conviction.  We see this coming upside resistance level as probably the last halfway decent opportunity to get into cash or short because the bulls have now succeeded in pulling the wool over the economic reporter’s eyes.  Today they pulled out all their bullish experts to claim new highs are around the corner.  We estimate the next major move will be at least 15% down from the upside resistance level we are swiftly approaching.
 
October 5   The historical experience of socialist countries has sadly demonstrated that collectivism does not do away with alienation but rather increases it, adding to it a lack of basic necessities and economic inefficiency.  Pope John Paul II
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)