01/24/17
California Governor Brown says the state budget deficit is growing and one of the reasons is the minimum wage increase that state voters just approved. Duh! State government worker pay is tied to minimum wages and as minimum wages go up, so too do government wages. That means the state government has to increase expenses and that calls for even higher taxes. Those extra taxes might be hard to raise as survey out revealed that in states and municipalities that elected to raise minimum wages, 75% of business respondents reported they were cutting back on hours and employees as a result. Duh! Can humans get any stupider? From my last post, the governor and the voters should have listened to the smartest man in California, Simon Salazar.
Well, unfortunately, Einstein himself once mused that human stupidity was probably infinitesimal. Witness the anti-Trump movement.
Trump is Racist
One issue these people have with President Trump is they believe he is racist because he wants to ‘build a wall’ on the US - Mexican border. Ignorance is a limitation of access to knowledge. Stupidity is an inability to comprehend knowledge.
The truth is thus. The US - Mexican border is almost 2,000 miles long. It may come as a shock to the anti-Trump people but there is already some 650 miles of wall or fence currently erected on the border. The ‘wall’ is about one-third built already. How did it get there?
The Secure Fence Act 2006 made it so. Signed into law by President Bush, the legislation approving the wall passed the Senate by a vote of 80 - 19. While the anti-Trump people vehemently denounce Trump as a racist for pledging to complete the wall, there were two Senators who voted in favor of the wall who these same anti-Trump people support. These two senators were then-Senator Obama and then Senator Clinton. Of course when both of these senators ran for higher office, they adopted the strategy of pandering to their electorate and told them another story. Their electorate, being of simple mind, bought their line. And, fake news sources like CNN and all other media shills never brought up the original vote for a wall. Remember, this was 10 years before Donald Trump decided to run for the presidency!
Okay, so now Mr. Trump has been elected to the Presidency. The anti-Trump movement rooted in complete ignorance and cognitive oblivion continues.
Trump Approves of the KKK
Yes, the Ku Klux Klan backed Mr. Trump but he publicly disavowed that support numerous times. There is even a video of a pre-election speech in which a person standing behind Mr. Trump sports a shirt that says, ‘KKK Supports Trump’. This caused a bit of a disruption. Mr. Trump stopped his speech, walked over to the person wearing this shirt, stared at him with disgust for a few moments, and returned to the microphone to say, “You know in the old days law enforcement would respond to such things much quicker.” Mr. Trump wanted this person expelled. What more does anyone need? Saying the KKK supported Trump is the same as saying the Black Panthers supported Mr. Obama. To say either man is racist because of this is foolish. In a free country, citizens can support whom they choose.
Trump the Misogynist
The anti-Trump women are protesting and marching because they put the label of misogynist on Mr. Trump. The word actually means a ‘hatred of women’. By Mr. Trump’s actions over the years, it would seem to the observer that Mr. Trump would be more of a ‘playboy’ than misogynist. That term does not fit. Further, Trump haters clearly backed Ms. Clinton in the presidential election. Have they ever heard of Ms. Clinton’s husband, Bill? Not only did Bill do everything Mr. Trump supposedly did, Bill left evidence behind. Yet, it would seem that as long as one belongs to the right political party, one can act as they please and not be subject to the same criticism. While we are in the gutter, Hillary Clinton’s treatment of her husband’s accusers (and there have been many) would hardly qualify as a defense of women who have been groped, molested, or even perhaps raped. As an attorney, Ms. Clinton even successfully defended a man accused of raping a 12-year old girl that she at least suspected was guilty. Her client passed a lie detector test after which Ms. Clinton reported a loss a faith in lie detector tests.
Marchers put on a good showing in the days following President Trump’s inauguration. They donned pink hats (that were no doubt knitted from yarn made by slave women or women working in near slave-like conditions in poor nations), shouted slogans, and left a pile of trash for the tax-payers to clean up. One of the speakers so offended by Mr. Trump’s treatment of women was the stripper/tramp/singer Madonna. While uttering expletives at Trump supporters, maybe Ms. Madonna should have sang one of her songs from which she made lots of money. I would suggest the following:
From the song ‘Hanky Panky’ -
‘Some girls, they like candy, and others, they like to grind,
I'll settle for the back of your hand somewhere on my behind.
Treat me like I'm a bad girl, even when I'm being good to you,
I don't want you to thank me, you can just spank me. Mmm.’
…and another verse -
‘Please don't call a doctor, 'cause there's nothing wrong with me,
I just like things a little rough and you better not disagree.
'Cause I don't like a big softie, (no), I like someone mean and bossy,
Let me speak to you frankly, you better…’
Gee, it sounds like the last verse kind of glorifies the kind of person they accuse President Trump of being.
But in the end, it is Ms. Madonna I feel most sorry for. Being the vulgar person that she is, she had offered to, well…, perform a ‘Monica Lewinsky’ act on any person (males in particular I think) who voted for Ms. Clinton. Maybe this is why Ms. Madonna is so mad now. She was rejected in mass!
The Pelosi
No discussion of stupidity can be complete without a mention of the Pelosi. Ms. Pelosi attended the inauguration of Mr. Trump sporting a lapel button that read something to the effect of ‘save our healthcare’. I have comfort for Ms. Pelosi and all the dumbocrats. Obamacare will be changed. But fear not. A few selected redumblicans will convene in secret behind closed doors, emerge with a healthcare bill, and it will be passed completely by redumblicans without a single dumbocrat vote. And don’t worry. No one needs to read the new bill. It will have to be passed first so we can see what’s in it. But most of all, it will be affordable. It will be affordable. It’s affordable. Affordable, affordable, affordable - your eyes are getting heavy. You are getting very sleepy. You will now fall for anything I say and you will be completely subservient so that one day you will march in protest of issues you don’t understand with signs displaying your stupidity…
Oh, wait a minute! I thought I was part of a political party movement there and I was falling for the brainwashing. As readers know, I am my own political party and I am my party’s proverbial presidential nominee. I am the only nominee who has all the solutions for the country. Firstly, the Federal Reserve Bank must be terminated and if I had been elected, that would would have been accomplished on the afternoon of my inauguration.
But let’s get back to our question. Why is there a yoke of stupidity strangling america? Is it human intellectual de-evolution at work? It would seem so when groups allow cognitively constricted people like Madonna and Ashley Judd to speak for them.
But let’s not insert opinion for fact.
Complete stupidity is holding true to two diametrically opposed thoughts on the same subject.
The Anti-Christ
Many Trump protestors believe Mr. Trump to be both the anti-Christ and a war monger. The Bible tells us the anti-Christ will be perceived at his/her/its emergence as a peace maker. Mr. Trump cannot be both a peace maker and a war monger.
Peace and Diversity
While protesting and marching with signs reading ‘Love Trumps Hate’, the demonstrators smashed the windows of businesses, burned cars, and even set a pro-Trump supporters hair on fire. What happened to love and inclusion and peace that these people supposedly support? How can you proclaim to embrace inclusion and then set someone on fire who disagrees with you?
Trump the Dictator
Trump protestors rail against Mr. Trump acting as a dictator or tyrant. Yet, for eight years they supported a president who acted as such. These people were obviously okay with Mr. Obama exercising extraordinary powers of the presidency but when someone else does so, they get mad. Mr. Obama set a precedence. Mr. Trump will thank him later. And does anybody remember 2012? Of course not. Humans have lost the ability to accurately recall anything in the past. Since I resigned from the species years ago, I somehow retained my ability to recall memories. Dr. Ron Paul said something in the 2012 debate for the presidency that was so profound it went over the heads of humans. Dr. Paul said basically, ‘I’m the only person on this stage that is arguing for the President to have less power and not more.’ God bless Dr. Paul! That’s the way the US Constitution framed the presidential powers as well. Yet, those who oppose Mr. Trump and his new almost limitless presidential powers gave him that power by supporting Mr. Obama’s efforts over the last eight years. What goes around comes around. These people should have voted for Dr. Paul when they had a chance!
Immigration
Mr. Trump’s protestors rail against his stance concerning immigration. Yet, the protestors don’t seem to realize that Mr. Obama deported, returned, refused more immigrants than any president in US history and Ms. Clinton supported all that. Within that argument, the government under Mr. Obama continued to obfuscate the issue by changing definitions and changing terms in dealing with immigration. Statistics therefore became fungible and Mr. Obama ruled in a regime of secrecy and deceit. Oh, in case any of the dumbocrats are interested, tens of thousands of the people deported by Mr. Obama were of Muslim faith.
Feeling safe.
Trump opponents claim they no longer feel ‘safe’. What makes anyone in the US ‘safe’ is the foundation of law - the Constitution. It was written and implemented to empower citizens and visitors alike to feel safe from governmental assault.
A review of Mr. Obama’s constitutional abominations follow:
The first amendment gives us the right of expression and free speech.
The fact that Obama doubled the national debt in his term is now considered a racist statement as is any criticism of his policies. Check college campuses for free speech. It no longer exists.
The second amendment gives us the right to own and brandish weaponry for our protection.
Through false flag operations and CIA ‘Manchurian operatives’ the Obama team tried relentlessly to confiscate guns.
The third amendment prohibits the military from occupying our homes.
The military has been given extraordinary powers to the point where it would not be a stretch for any of us to realize that they could invade our homes in the name of fighting ‘terrorism’.
The fourth amendment prohibits the government from confiscating privately owned property without justification.
The government now sanctions ‘search and seizure’ operations on the part of law enforcement and the terrorist organization known as the DEA even though Obama’s own Attorney General said it was illegal. Yet, under the guise of fighting the drug war, the government can seize personal property for ‘suspicion’ of illegal activities without presenting charges, arrest, or trial. Billions of dollars of assets have been seized from citizens over the past eight years without charge or trial.
The fifth amendment gives citizens the right to due process of law in cases of legal infractions.
By signing the NDA into law, Obama gave the military the right to kill US citizens, capture them, take them anywhere in the world, hold them captive forever, deny them legal representation, and even torture them.
And so on and so on. Yet, Mr. Obama tried valiantly during his eight years of reign to erase every word of the Constitution. This is why none of us are safe anymore.
A nation cannot survive such ignorance and stupidity. President Trump has a lot of work to do and we should all wish him success. However, the populace is profoundly ignorant and sadly content with the yoke of stupidity draped over their necks. The country seems ideologically divided but worse, it seems divided by stupidity. If we remain divided, we will all fail. Maybe I am doing my part by bringing out the truth.
Finally, for those who refuse to acknowledge the truth about global geo-engineering and the effect the constant aerosol spraying of heavy metals into our atmosphere by the ‘global force for good’ is having, below is a link to an article by Dane Wigington with a couple of photos we should all see. Go to the article and scroll down a bit to see a satellite photo of Earth in 1972 and another NASA photo from 2015. The difference is clear. At least, the Earth was more clear in 1972 and today the same photos look like there is a cataract around the planet. The link:
geoengineeringwatch.org/climate-engineering-atmospheric-aerosols-are-blocking-the-sky-from-astronomers/
After reading this article, feel free to educate our dumbocrat and redumblican friends. Peace to brothers and sisters of truth!
Disclaimer: The views discussed in this article are solely the opinion of the writer and have been presented for educational purposes. They are not meant to serve as individual investment advice and should not be taken as such. This is not a solicitation to buy or sell anything. Readers should consult their registered financial representative to determine the suitability of any investment strategies undertaken or implemented. BMF Investments, Inc. assumes no liability nor credit for any actions taken based on this article.
Thursday, January 26, 2017
Monday, January 16, 2017
Obama Leaves, Hope Arrives, Will Stupid Stay?
01/15/17
Obama’s presidential term will mercifully expire on 1/19/17. Hallelujah! He can quickly descend to his correct historical position as the second worst leader in american history beside the 28th president, Woodrow Wilson. Why is Wilson the worst leader ever? A brief synopsis follows.
1 - Wilson ceded power to the Federal Reserve Bank in 1913 (an un-Constitutional act)
2 - Wilson gave us the 16th Constitutional Amendment giving the federal government power and authority to seize taxation from payrolls (another un-Constitutional act)
3 - Wilson injected the US into WWI at the delight of the central bankers who were kind enough to loan money for the butchery of humans around the globe.
4 - Wilson showed the first film in the White House. It promoted the good work of the KKK.
I could go on.
Obama’s list of acts deleterious to the well-being of a free people is just as long and nearly as damning.
1 - Obama delighted his central banker masters by doubling the national debt to the current $20 trillion.
2 - Obama continued his Richard Nixon impersonation by cloaking government operations in a veil of secrecy, deceit, and despotism.
3 - Obama surrounded himself with appointed government officials whose level of corruption and criminal behavior would make Al Capone blush. See Hillary Clinton as Secretary of State for example.
4 - Worst of all, Obama promoted the expansion of a New World Order as he tirelessly worked to denigrate the american work ethic, sign trade deals that did not benefit americans, redistribute wealth to the top 1% (mostly his rich banker friends), and nationalize the country’s health care system.
5 - Obama’s international efforts speak for themselves - see Syria, Libya, etc.
6 - And as he leaves office, Mr. Obama seems intent on picking a fight with Russia and China. Like Wilson, Obama likes war. His two terms have been dominated with constant war.
7 - Like his twin brother, George Bush, Mr. Obama has continued to foment trouble around the globe by developing, equipping, and funding ‘terrorist’ so the populace becomes so afraid they surrender all rights and liberties to the Illuminati.
8 - The NDA. This government agency is exactly what the Fourth Amendment to the US Constitution sought to prohibit.
Again, I could go on.
Now President-elect Donald Trump prepares to take office. Like a gasp of oxygen to a drowning man, hope has returned to at least half of america (the half that works at a business). Upon Mr. Trump’s victory, consumer confidence rose, small business confidence rose, stock index prices rose dramatically, and hope for something better than the last 20 years of idiocy is abounding. Of course, those voters who prefer to have a government bureaucrat pin up their diapers and heat their pabulum do not share the same hope.
True liberty can be scary. True stupidity is even scarier. Unfortunately, Mr. Trump was so right when during a debate he said that america was run by “…very, very, stupid people.”
It wasn’t easy but I found a smart person. His name is Simon Salazar. Mr. Salazar is not just smart. He is brilliant. He should be our president. At least, he should be the head of Mr. Trump’s economic team.
Simon Salazar was born in California. He is currently 40-years old and is easily the smartest person I have ever read about residing in that state. Yet, he works on a raisin farm as a mechanic in the central agricultural valley. I read about him in the December 2016 edition of Smithsonian magazine. Dale Maharidge wrote an excellent article titled ‘American Ballad’ in which he described the lives of the working poor in america. This is how I learned of California’s smartest man - Simon Salazar.
How do I assess Mr. Salazar’s intellect?
First, the author asked Mr. Salazar if he was poor. Mr. Salazar thoughtfully explained the relative nature of the word ‘poor’. He explained that while a lot of other people seemed to have more possessions, those people borrowed money for those possessions and therefore didn’t really own them. In contrast, what little Mr. Salazar had, he owned. He had no debt.
Second, I thought the Earth itself would wobble when I read Mr. Salazar’s next musing. The article’s author had interviewed different people from coast to coast who were members of the working poor. He offered a ray of hope to Mr. Salazar that his state, California, had just voted to increase the minimum wage in the state. Mr. Salazar shrugged his shoulders. The author inquired as to why there was no joy. Then Mr. Salazar shared his genius. His reply to the increased minimum wages? “The cost of everything will just go up.” Simon Salazar did not expect higher minimum wages to put any additional dollars in his pocket. Wow!
Why is it that a poor, undereducated, raisin farm mechanic knows more about economics than anyone else in the state of California or Washington, DC? Because he lives economics. He likely has grease under his finger nails and callouses on his hands. In other words, Mr. Salazar works for a living. He doesn’t sit in an ivory tower of idiocy on some college campus espousing foolish politics and erroneous economic theories. Nor is he a corrupt politician. How did Mr. Salazar become so smart? Why is this man working on a raisin farm while his intellectually inferior citizens run governments and schools? Why aren’t the imbeciles teaching at indoctrination centers like UCal-Berkeley not taking notes on every utterance of Mr. Salazar? As I pointed out in a previous post, raising minimum wages is pointless in an economy in which the central bank perpetually tries to boost inflation by at least 2% per year. At that rate, even a doubling of minimum wages would be completely inconsequential in less than a generation.
Of course federally mandated and state mandated minimum wage increases don’t really help the poor people make more money. Increased wages without a commensurate increase in productivity is useless. Mandated wage increases are designed to do two things.
1 - It is a way for government elected officials to pander to the ignorant progressives (sorry for the oxymoron).
2 - It is a way to deceitfully raise taxes on business, employers, and employees (higher pay results in higher taxes).
This issue is an example of stupid people leading other stupid people. Yes, Mr. Obama is finally leaving but will he take stupid with him? Mr. Trump is arriving but will hope lead to prosperity? Stock indexes can rally on hope for quite a while before succumbing to reality. Unless Mr. Trump appoints Mr. Salazar to his economic team, I suspect hope will eventually fade.
The chart below graphically shows investor despair mounting back in November as it was widely believed that Hillary Clinton would be elected president. Stock indices were beginning to roll over. Twelve of the fifteen trading days leading up to the election were negative days for stocks. Then, as soon as it was apparent that Mr. Trump had secured enough non-Californian votes to win the presidency, stocks took off. In my opinion, this happened partly because of the hope presented by a Trump presidency but also because of the seasonality effect. The chart is the S&P 500.
Again, from a previous post, over the past few decades almost all stock gains occur in the final quarter of the year. Again, as Mr. Trump has said, the system is rigged. Nevertheless, enjoy the rally until it is no more. Eventually we will all have to deal with reality and the embarrassing legacy of an Obama attempt to make america a third world nation. See the chart for the truth.
And now, for the stupidest human of the week, I offer Jim Kenney, Mayor of Philadelphia. To fight obesity, he helped pass a ‘soda tax’ of 1.5 cents per ounce of soda effective 1/1/2017. He expected wholesalers and retailers to bear the brunt of the tax increase. They did not. They raised prices. Mr. Kenney was surprised. Mr. Kenney said it was "wrong" and "misleading" for businesses to pass the tax on to their customers in the form of higher soda prices. Don’t all businesses pass on expenses to the customer so the business can make a profit and continue to pay employees? Yet another liberal ‘progressive’ has shown their profound misunderstanding of business. How can humans get this stupid? Is it de-evolution at work? This is another example of why writer H.L. Mencken said democracies eventually fail. It is the stupidity of the electorate that puts people like this in office. Mr. Mencken’s quote is: “On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron.” Mission accomplished!!
Yes, Obama might be gone and Trump might be arriving, but it looks like stupid is with us forever as there appears to be no cure.
Disclaimer: The views discussed in this article are solely the opinion of the writer and have been presented for educational purposes. They are not meant to serve as individual investment advice and should not be taken as such. This is not a solicitation to buy or sell anything. Readers should consult their registered financial representative to determine the suitability of any investment strategies undertaken or implemented. BMF Investments, Inc. assumes no liability nor credit for any actions taken based on this article.
Obama’s presidential term will mercifully expire on 1/19/17. Hallelujah! He can quickly descend to his correct historical position as the second worst leader in american history beside the 28th president, Woodrow Wilson. Why is Wilson the worst leader ever? A brief synopsis follows.
1 - Wilson ceded power to the Federal Reserve Bank in 1913 (an un-Constitutional act)
2 - Wilson gave us the 16th Constitutional Amendment giving the federal government power and authority to seize taxation from payrolls (another un-Constitutional act)
3 - Wilson injected the US into WWI at the delight of the central bankers who were kind enough to loan money for the butchery of humans around the globe.
4 - Wilson showed the first film in the White House. It promoted the good work of the KKK.
I could go on.
Obama’s list of acts deleterious to the well-being of a free people is just as long and nearly as damning.
1 - Obama delighted his central banker masters by doubling the national debt to the current $20 trillion.
2 - Obama continued his Richard Nixon impersonation by cloaking government operations in a veil of secrecy, deceit, and despotism.
3 - Obama surrounded himself with appointed government officials whose level of corruption and criminal behavior would make Al Capone blush. See Hillary Clinton as Secretary of State for example.
4 - Worst of all, Obama promoted the expansion of a New World Order as he tirelessly worked to denigrate the american work ethic, sign trade deals that did not benefit americans, redistribute wealth to the top 1% (mostly his rich banker friends), and nationalize the country’s health care system.
5 - Obama’s international efforts speak for themselves - see Syria, Libya, etc.
6 - And as he leaves office, Mr. Obama seems intent on picking a fight with Russia and China. Like Wilson, Obama likes war. His two terms have been dominated with constant war.
7 - Like his twin brother, George Bush, Mr. Obama has continued to foment trouble around the globe by developing, equipping, and funding ‘terrorist’ so the populace becomes so afraid they surrender all rights and liberties to the Illuminati.
8 - The NDA. This government agency is exactly what the Fourth Amendment to the US Constitution sought to prohibit.
Again, I could go on.
Now President-elect Donald Trump prepares to take office. Like a gasp of oxygen to a drowning man, hope has returned to at least half of america (the half that works at a business). Upon Mr. Trump’s victory, consumer confidence rose, small business confidence rose, stock index prices rose dramatically, and hope for something better than the last 20 years of idiocy is abounding. Of course, those voters who prefer to have a government bureaucrat pin up their diapers and heat their pabulum do not share the same hope.
True liberty can be scary. True stupidity is even scarier. Unfortunately, Mr. Trump was so right when during a debate he said that america was run by “…very, very, stupid people.”
It wasn’t easy but I found a smart person. His name is Simon Salazar. Mr. Salazar is not just smart. He is brilliant. He should be our president. At least, he should be the head of Mr. Trump’s economic team.
Simon Salazar was born in California. He is currently 40-years old and is easily the smartest person I have ever read about residing in that state. Yet, he works on a raisin farm as a mechanic in the central agricultural valley. I read about him in the December 2016 edition of Smithsonian magazine. Dale Maharidge wrote an excellent article titled ‘American Ballad’ in which he described the lives of the working poor in america. This is how I learned of California’s smartest man - Simon Salazar.
How do I assess Mr. Salazar’s intellect?
First, the author asked Mr. Salazar if he was poor. Mr. Salazar thoughtfully explained the relative nature of the word ‘poor’. He explained that while a lot of other people seemed to have more possessions, those people borrowed money for those possessions and therefore didn’t really own them. In contrast, what little Mr. Salazar had, he owned. He had no debt.
Second, I thought the Earth itself would wobble when I read Mr. Salazar’s next musing. The article’s author had interviewed different people from coast to coast who were members of the working poor. He offered a ray of hope to Mr. Salazar that his state, California, had just voted to increase the minimum wage in the state. Mr. Salazar shrugged his shoulders. The author inquired as to why there was no joy. Then Mr. Salazar shared his genius. His reply to the increased minimum wages? “The cost of everything will just go up.” Simon Salazar did not expect higher minimum wages to put any additional dollars in his pocket. Wow!
Why is it that a poor, undereducated, raisin farm mechanic knows more about economics than anyone else in the state of California or Washington, DC? Because he lives economics. He likely has grease under his finger nails and callouses on his hands. In other words, Mr. Salazar works for a living. He doesn’t sit in an ivory tower of idiocy on some college campus espousing foolish politics and erroneous economic theories. Nor is he a corrupt politician. How did Mr. Salazar become so smart? Why is this man working on a raisin farm while his intellectually inferior citizens run governments and schools? Why aren’t the imbeciles teaching at indoctrination centers like UCal-Berkeley not taking notes on every utterance of Mr. Salazar? As I pointed out in a previous post, raising minimum wages is pointless in an economy in which the central bank perpetually tries to boost inflation by at least 2% per year. At that rate, even a doubling of minimum wages would be completely inconsequential in less than a generation.
Of course federally mandated and state mandated minimum wage increases don’t really help the poor people make more money. Increased wages without a commensurate increase in productivity is useless. Mandated wage increases are designed to do two things.
1 - It is a way for government elected officials to pander to the ignorant progressives (sorry for the oxymoron).
2 - It is a way to deceitfully raise taxes on business, employers, and employees (higher pay results in higher taxes).
This issue is an example of stupid people leading other stupid people. Yes, Mr. Obama is finally leaving but will he take stupid with him? Mr. Trump is arriving but will hope lead to prosperity? Stock indexes can rally on hope for quite a while before succumbing to reality. Unless Mr. Trump appoints Mr. Salazar to his economic team, I suspect hope will eventually fade.
The chart below graphically shows investor despair mounting back in November as it was widely believed that Hillary Clinton would be elected president. Stock indices were beginning to roll over. Twelve of the fifteen trading days leading up to the election were negative days for stocks. Then, as soon as it was apparent that Mr. Trump had secured enough non-Californian votes to win the presidency, stocks took off. In my opinion, this happened partly because of the hope presented by a Trump presidency but also because of the seasonality effect. The chart is the S&P 500.
Again, from a previous post, over the past few decades almost all stock gains occur in the final quarter of the year. Again, as Mr. Trump has said, the system is rigged. Nevertheless, enjoy the rally until it is no more. Eventually we will all have to deal with reality and the embarrassing legacy of an Obama attempt to make america a third world nation. See the chart for the truth.
6-month SPX
Chart courtesy stockcharts.com
And now, for the stupidest human of the week, I offer Jim Kenney, Mayor of Philadelphia. To fight obesity, he helped pass a ‘soda tax’ of 1.5 cents per ounce of soda effective 1/1/2017. He expected wholesalers and retailers to bear the brunt of the tax increase. They did not. They raised prices. Mr. Kenney was surprised. Mr. Kenney said it was "wrong" and "misleading" for businesses to pass the tax on to their customers in the form of higher soda prices. Don’t all businesses pass on expenses to the customer so the business can make a profit and continue to pay employees? Yet another liberal ‘progressive’ has shown their profound misunderstanding of business. How can humans get this stupid? Is it de-evolution at work? This is another example of why writer H.L. Mencken said democracies eventually fail. It is the stupidity of the electorate that puts people like this in office. Mr. Mencken’s quote is: “On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron.” Mission accomplished!!
Yes, Obama might be gone and Trump might be arriving, but it looks like stupid is with us forever as there appears to be no cure.
Disclaimer: The views discussed in this article are solely the opinion of the writer and have been presented for educational purposes. They are not meant to serve as individual investment advice and should not be taken as such. This is not a solicitation to buy or sell anything. Readers should consult their registered financial representative to determine the suitability of any investment strategies undertaken or implemented. BMF Investments, Inc. assumes no liability nor credit for any actions taken based on this article.
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