Obama

March 15, 2009 | Billo Comola

[ragamuffin]

Just a thought.

Prior to Nov 4 elections, Obama et al, commenced trash talking the American economy. It's been unrelenting since. Subsequent to the inevitable decline of world markets, and the accompanying destruction of trillions of dollars of American/international wealth, this administration purchased preferred shares of Citibank. While still trash talking our economy, the present Administration has used the hammered economy and subsequent public fear, to impliment its political ambitions - incidentally assured to further erode investor confidence. Citi, along with most financial sector stock values, sinks to basically bankruptcy levels - unimaginable before Obama's run for the White House. Then, the Obama Government announces it is converting its Preferred shares, with their attendant cash return to the tax payer, to common shares, whose dividend had already been essentially done away with by that time. Our government is now holding millions upon millions of Citi common stock, purchased at next to nothing. Over the course of the past few days, the Obama Administration is now voicing that our economy "is basically strong" and "not as bad as we thought".

If not insider trading, this smacks of market manipulation at its purest, albeit nastiest, form. Individuals are often paid to talk various stocks up or down on market message boards, in attempts to affect the direction of stock. I understand the SEC considers this a no-no and has acted accordingly in cases.

Interestingly, while my life savings have disappeared, My taxes, which have not, get to support the Government's purchase of the same stock whose Government-caused demise trashed my personal finances. I wonder if the SEC will consider this while they eagerly look into Obama's Market manipulation?

[Ghost of Philip Marlowe]

So he's using the Rothschild formula for destroying the value of stocks to buy them dirt-cheap. Of course, his twist is that when “he” buys them, he's actually nationalizing not only individual enterprises but eventually entire industries.

What's the big deal?

It's what totalitarians do.

/sarc

[Man50D]

I suggest you read about the Cloward-Piven Strategy. It will explain why Obambi and his socialist cohorts trash talk the economy.

[mamelukesabre]

Do I dare think positively?

What if obama is going to sell them at a huge profit and pay down the debt?

ya I know, dream on, right?

[Ghost of Philip Marlowe]

Sell them to whom?

How can you drive down the market, buy cheap, and then drive it back up (as president)?

No one in their right minds would trust the government enough to re-invest in any of those stocks.

No, the point of doing this is to kill the free market.

Remember, Capitalism is not the economic system of America. Our Founding Fathers did not establish an ‘economic system.’ They gave us liberty, and with that, economic freedom. Capitalism is the behavior and strategy that people — who are individually and collectively free — pursue in their own interest.

Those who seek Global Conquest don't care a whit about Capitalism. Just as they don't care about Communism or Socialism. These are all just phantoms that they put on the battlefield to distract us.

Their goal is to destroy freedom, economic freedom and individual and collective freedom.

Obammie the Commie is merely destroying the “hope” in a brighter tomorrow which is the impetus of stock-market success.

[mamelukesabre]

How can you drive down the market, buy cheap, and then drive it back up (as president)?
~~~~~~~~~~~

Talk.

Talk the market down, scare the investors with policies or threats of policies.

Then change your tune. Talk the market up. Encourage investors with policies or promises of policy changes.

[Ghost of Philip Marlowe]

I agree that you can talk down the economy.

But a president can't have it both ways.

The stock market has to have an element of trust. The market has collapsed because no one trusts Obammie the Commie. They also see his radical spending and we are all looking 10-15 months out and seeing catastrophe.

Once you have betrayed the trust, it is very difficult to win people over again with talk. He would have to betray his communist principles and free up the markets again, which he won't do.

I predict the market will continue to bob up and down from 500-700 points from week to week (or every few weeks), but that there will be another serious slide (maybe to around 5000), where it will remain until either a market- (freedom)-friendly president gets in the WH (and in the Houses), or we slip completely into the New World Order of a UN-run economy, a global currency from the World Bank, and international police in every country “to keep the peace.”

I hope for the former (gloomily hope) but fear the latter is more likely.

[mamelukesabre]

If and when it gets to 5000 (I think it will, but what do I know), there will be major problems. Obama will be under a microscope. He will lose support. People will want him gone...NOW...not just republicans, but democrats too.

[Ghost of Philip Marlowe]

I agree. But keep in mind what is happening in other nations. If we get to that point, but other nations are suffering worse than we are, the talk will not be about getting a new and better president. That will be condemned by the globalists as selfish and nationalist talk.

The conversation will turn to the global solution, one that helps everyone, not just the US. Also, as I said, if the world unpegs from the US dollar, we will have no bargaining position (and we won't have the finances of a sound economy) to argue in defense of national sovereignty. We'll have to submit just to get by.