The DJIA is down 118 as I post
IMO, the real question is, can Obama hold the economy together long enough to get through the election?
I have long said that the economy is so fragile that Obama and all his government minions are doing all they can to push the economy past the election. Recall that Bernanke said just last week that we face the financial cliff at the end of this year or the start of next year (2013).
I think the feds have got the economy barely held together by bailing twine and chewing gum.
SILLY CONSERVATIVE...
The Obama Plunge Protection Team will step in about 3:31PM EST to make sure the losses aren’t ‘Newsworthy’.
The markets cannot be allowed to crash until AFTER Election Day, no matter the cost to the taxpayer. THE MESSIAH MUST NOT BE ENDANGERED by bad economic news that doesn’t fit the current truth, no matter how much it costs you!
An interesting article on Spain's problem without the usual anti-capitalist spin.
I read where an author compared the present setup as a tapestry with loose threads. Pull one, and nothing happens; then two, three, etc. At some point a thread is pulled and the whole thing disintegrates. I keep thinking "Tomorrow's the key thread."
Trying to figure which thread (country) will do it and in the meantime update my supplies.
California drivers have and are facing big jumps in gas prices as the price of oil comes down.
Who is to blame besides Obama, his Enviro eco terrorists.
Years ago, the Enviro eco terrorists forced California into using special blends for summer and fall/winter/spring driving.
So the few old California refineries, we have still running, have to shut down to throw the different and very expensive additives into the blend.
The refineries in Nevada/Oregone can’t ship their cheaper gasoline into Californai due to the enviro economic terrorists banning cheaper gasoline that doesn’t match their rigged formulas.
Prices in the past two week have exceeded a 25 cent increase per gallon with additional price increases to come.
Some experts are predicting that our gas prices in June/July will be setting new hig price records.
The link below show these increases being reported and predicted. I can’t post their stuff as most are copy righted.
The mediots out here avoid this reality everyyear.
California drivers have and are facing big jumps in gas prices as the price of oil comes down.
Who is to blame besides Obama, his Enviro eco terrorists.
Years ago, the Enviro eco terrorists forced California into using special blends for summer and fall/winter/spring driving.
So the few old California refineries, we have still running, have to shut down to throw the different and very expensive additives into the blend.
The refineries in Nevada/Oregone can’t ship their cheaper gasoline into Californai due to the enviro economic terrorists banning cheaper gasoline that doesn’t match their rigged formulas.
Prices in the past two week have exceeded a 25 cent increase per gallon with additional price increases to come.
Some experts are predicting that our gas prices in June/July will be setting new hig price records.
The link below show these increases being reported and predicted. I can’t post their stuff as most are copy righted.
The mediots out here avoid this reality everyyear.
The market reminds me of what I called the Pelosi/Reid attack on the markets in April/May of 2007 plus the tax and spend policies of the PIIGs.
Fortunately, we had stop loss orders on our EFTs which really had no bad news or bad investments. They were whacked by the actions of Pelosi/Reid and those in charge of the PIIGs.
Now we are seeing the same thing happening with stocks and ETFs because of the wide spread periphal damage by the PIIGs and Obozo and his policies.
This time, we probably don’t have a year plus before the bottom falls out like it did in the summer of 2008.
“Things In The Market Are Getting Worse”
There is no market.
As long as government pensions AND government fascist contractors are “in” the so called “market”, the market is contaminated, polluted, poisoned.
The bailout of 2008, all bribes for the fascists. Phony-care, bribes for the fascists. They know prices can’t handle the Commies, so they’ve hoisted the False-Man, from Massachusetts.
JPMorgan's $2B Loss: A Preview Of The Coming Derivatives Market Collapse
Jobless Americans to lose unemployment benefits
There are even bigger problems out there developing right now. Like JP Morgan's huge employee bonuses and plus benefits packages while normal people are forced to face bankruptcy while genuine crooks go free as birds and play in the sunshine. Like possible violent class warfare. Like riots in the streets just like Greece and a long delayed revolution just like in the late 1770's. Like food shortages and empty store shelves and people begging in the streets.
We are virtual economic slaves today who have been fooled by media into believing we are free. We are just like the Greeks -- Open class warfare is just around the corner.
Review my other recent posts if you are so inclined.