More on, Obama sends capital markets into a dive
Tuesday, November 11, 2008
Is it remarkable that, last Friday, barely two days after winning the US Federal election, Obama and the Stalinist Democrats sent markets in capital funds for investment in the US diving? It’s not nice some times answering rhetorical questions but this time temptation wins. Of course it isn’t. This is a follow up to yesterday’s item.
‘Future expectations…’, to make sure of the meaning it is as well to throw in a clarification. The prices of shares are the sum of expected future earnings. The markets having wiped out the keynesian- Central Banks induced share-market bubble, the falls in US capital markets, commencing friday and continuing today, are due to the appreciation of what the victory of Obama and the Stalinist Democrats means. In driving down share prices, they were not simply stating the future earnings of firms in the US will fall, they will be smashed by Obama and his fellow travelling diseased Leftists. How severely earnings will be smashed is reflected in the telling declaration, there will be a flight of capital out of the US. This should make sellers of US capital funds on the wrong side of nervous called panic - Obama won’t be president until next year!
Australians will not, unfortunately, benefit from thet flight of capital out of the S, due to the cretins in Government, and in the Liberal Party. Peter Costello, it might be added, did his bit to make Australia hostile to capital and its accumulation. Costello, to comfort that big sook, was not alone. The likes of Alston, David Kemp, Ian Campbell, Malcolm Turnbull were with him cry-baby shoulder to cry-baby shoulder. These economic illiterates also paved the way for the Rudd fascist Cabinet - no ifs and buts about it, they did, and so did those incompetent clowns in the Institute of Public Affairs and the Centre for Independent Studies.
The HR Nicholls Society made a singular “jaw-dropping” contribution to the election of that oily, blithering idiot called Kevin Rudd. They made the election of Rudd and the Cabinet of brown panatalooned, dribbling twits a certainty when they thoroughly wrecked the otherwise sound and therefore highly moral campaign for free labour markets. Oh, as for the world’s No.1 economic genius, Peter Costello, he was too stupid to realise that club didn’t have a clue about the true, solid case for labour market reform. Then, why would he reject their comic scripts purveyed as sound advice? Along with those other wreckers of the Liberal Party, and genuine Liberal causes, the Kemp Brothers, Michael Kroger, Senator Nick Minchin and Bob Day, Peter Costello is also one of that club of retarded snails.
A digression
Peter Costello, folks, recently declared on radio a lie told by diseased Leftists. The recession, he explained with all the gravitas and expert judgement he could muster, is George Bush’s fault. Only the congenitally inbred cretins of the Right (if they were a family they’d be thrown into prison on the count of incest) esteem Costello as a brilliant economist. He even had his own media fan club in types like that King of Stuffing Up Adult Affairs, Andrew Bolt, and his fellow kindergarten playmate called Tim Blair.
Tim Blair reckons Turnbull is Rudd’s nemesis and an economic genius too. Those suffering arrested development are, of course, forgiven their naivete and belief in a great big fascist fairy called a Turnbull. Sadly, puffball Turnball doesn’t dwell at the bottom of the garden. Instead, he punished the Liberal Party and taxpayers by buying a precious blue-ribbon Liberal Party seat. Hmmm, it wasn’t simply adolescent petulance that moved Bob Day to spit the dummy, leave the Liberal Party, and join another pack of socialist parasites called Family First.
Having thrown his own moolah at “Rightwing” outfits and the Liberal Party, Day had every good reason to assume he had rightfully bought Downer’s former seat. Mind, Kroger and Costello didn’t buy positions, they let their Toorak Brahman backers buy the entire Victorian Division for them, and then seized total administrative control over it - ably assisted by the likes of the Kemps, Russell Hanan, “Potty Mouth” Barry, and Julian “Iron man Jules” Sheezel (if the sheep’s droppings brained can be called help). Yes, Sir, Day had a point.
Resumed
Those engaged in markets do tell the future, with consistent accuracy, and long range at that. They have every good reason to write off the US under Obama and here’s some more explanations of why:
The coming Obama economic nightmare
This item concludes with a punchy observation that sums up both the venal Right and the diseased Left in Australia and their forays as States’ and Federal Ministers, and their ‘lower caste’ blood extractors in Local Councils:
Argentina’s Obama policy of spreading the wealth sinks the economy:
“If the next president sees private corporations as the class enemy and taxpaying as “patriotic,” and Congress continues to look at private 401(k) assets as a public piggy bank, there’s little doubt the same mess in Argentina could happen here, too. It’s worth thinking about.”
That also sums up Turnbull and his sidekick, Julie Bishop (aspiring world’s greatest treasurer and Phud scientist because, as she declared, straining on the potty is a skill and science is a skill), and not a few dopes enjoying “the long snooze” (move over R. Chandler) in the name of the Liberal Party.
Obama and his fellow Democrats adopt Hoovernomics
The notion that investors will stand stunned rabbit still and wait for the Obama train of treacherous Leftists run over them, is too stupid that only the above sorts of retarded snails could believe it and this not at all implausible. Malcolm Turnbull, David Kemp, the parasites in the CIS, for example, believe as Rudd and his gang of thugs, investors will happily leave their capital in Australia so that this lot can wipe it out with carbon taxes.
Chinese and Indians will benefit and greatly from the expected flight of capital. Switzerland is an excellent destination for capital too. Indeed, in the case of Australia, besides the impact of the RBA caused recession on manufacturing, capital has been shifted into China long before the recession came into view; due to Federal and States’ Governments busily wiping out advantages to producing in Australia over decades. I have in view capital intense maufacturing, and, it follows, it is raising real pay to employees in China. Chinese are becoming wealthier each year, while the parasites, including too many MPs in the name of the Liberal Party, in Parliaments have been about only pauperising millions of Australians. It’s a waste of good spit to spit on these over-indulged bums; the decent simply sink the boots in and break every bone in their pampered, fat bodies.
I’ve watched new entrepreneurs come up with new products and take them to China because of the abuse and larceny committed by Governments under both ALP and Liberal Party administrations - Peter Costello the economic wunderkind! We are talking about enterprises that are genuine free market operations run by real entrepreneurs and their backers and they are all saying Nyet to Australia or, for the benefit of the dumbos in Canberra and States’ Parliament and their goon squads called tax offices:
‘Get stuffed, you rotten bastards’.
A matter of days and investors in US firms are already telling Obama, as President elect only, and the Stalinist Democrat Party not to get stuffed. No, investors are saying something much nastier than that. What all this means is, modest Americans are in for a really hard time. Obama and his gang of larcenous, treacherous leftists will immiserate many. But, hey, treacherous Leftists are no more concerned about the lot of the modest man than are their billionare backers such as Soros and Buffet. They all tell the modest American; “Hand over your property. Now buzz off peasant and die in the hovel you infest.” Funnily enough, Downunder, this is not only the what the diseased Left have long planned for modest Australians, but the venal, unprincipled, cleptomaniacal “Right” have too.
I appreciate our American friends might find it incredible that the “Right” in Australia share so many endearing virtues with the diseased Left but I’m here to tell our friends, it is no exaggeration. Hence, one usually puts “Right” in quotation marks, and asserts the distinction between that lot of snivelling, yellow chisellers from genuine Liberals (never to be confused with what in the US is called Liberal - US Liberals are diseased Leftists, and should not be allowed to violate language by calling themselves Liberals. This, this itself is a lie.).
It’s not clear how bad things will be in the US and I don’t wish to be the cause of too much despair, yet, because there will be enough of it as it is. Besides, as an Australian, one enjoys vomiting daily, thanks to the “Right” and the diseased Left in Australian Parliaments and what the whole pestilential lot of them have done so far, and continue to perpetrate. It’s enough to say, Obama and his chums are a US-wide catastrophe. Our US friends, however, can take solace in this:
Malcolm Turnbull, Julie Bishop, Georgiou, Ryan, Hunt, et al, of the Liberal Party, and Rudd, Swann, Gillard, Fergusen, Crean, Peter Garrett et al of the ALP, are all as bright as retarded snails. So is Obama and his fellow congenital cleptomaniacs.
Secondly, the US has vast numbers of entrepreneurs, many of them concerned to see that the Left is not merely fought, but destroyed. They show they are willing to identify and fund talent/possible talent to do this work. Australia is small, with few billionaire entrepreneurs. This is part of the reason why the “Right” control the Liberal side and keep it in their stranglehold, reinforced by their fellow unemployable bums in the IPA, CIS and HR Nicholls Society, and their fan club in the media - Tim Blair, Andrew Bolt, Janet Albrechtsen, Terry McCrann, Alan Wood, the Devines. There is some good news. That old communard, PP MCGuiness, no longer causes any damage to the Liberal cause, because the ignoramus is dead. Needless to say, Corporate Australia is a very small, clubby world. So the professional, dole bludging “Right” have a very easy time of it steering donors to the doors of their bank vaults while smearing and defaming genuine Liberals and genuine guns, and trasmpling over the top of them. Incredible as it seems, this is what this lot of wallet ticks do.
When it comes to principles, duty, nerve and courage, or their bank accounts and positions, they are happy to see millions of Australians ruined and Australia destroyed. In case some readers believe this is an exaggeration, then, to infer, they have not been following the evidence so far piled up against the venal, congenital idiots whose major accomplishment is to cower before the diseased Left, oblige the fanatical Greens with their wish-list, and concede grave fights to Union thugs and the Rudd led fascists. This is how bright Australia’s “Right” is, how tough they are, how full of fight they are, how principled they are. A man shoots bad, untrustworthy, vicious dogs - so why, Mr. Ron Manners, are you feeding sheep killers, instead of shooting the mongrels?!
See, it’s true, our American friends can find some solace in a dark hour. They are not lumbered with what genuine Liberals and modest Australians are forced to keep. It get’s better for our friends. The treacherous Left will never be annihilated in Australia until the the larcenous Right are wiped out entirely; things are not this dark in the US. In this respect, as an Australian, I feel envious.