Choose Ye This Day
publication date: Dec 23, 2009
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author/source: Brad Hamill
The US Senate passed the “Manager’s” amendment on the Health Care bill very
early this morning, on a 60-40 vote. This is the amendment that added over $1
billion in pork that was required to secure the last needed votes. There will be
two more votes before the final vote for passage, that will occur on Christmas
Eve. This will complete step two of a six step process for enacting it into
law. Step three will be to combine the House and Senate versions of the bill
into one through a “conference” committee. I’m guessing that the bill coming
out of that committee will look pretty close to the same as the Senate version –
since the House has more leeway in arm twisting for the final vote. Step four
will be the House voting in the affirmative for the final bill. Step five will
be the Senate voting in the affirmative. Step six will be the President’s
signature.
Those of you that have been reading this Economic Update for a long time know that the Health Care bill had to pass – and it has nothing to do with health care. This bill represents the “funding pot” that will eventually consist of 17% of our nation’s entire GDP. The money will be held in a government “trust” fund. Any money gathered each year that is not spent in that year’s health care fiscal outlays will be stolen and used for by the Federal government to support and build their Marxist power structure.
We need to be very careful about the terms that we use, and the term “Marxism” is a much better fit than “Socialism” when it comes to describing our Federal government.
The definition of “Marxism” is as follows: “The political and economic philosophy of Karl Marx and Friedrich Engels in which the concept of class struggle plays a central role in understanding society's allegedly inevitable development from bourgeois oppression under capitalism to a socialist and ultimately classless society.”
You can see that Marxism incorporates Socialism, but it does so by pitting classes against one another. It lies to the “lower class” by telling them that they’re being oppressed by the “upper class” through the abusive practice of Capitalism. As a refresher, Capitalism is based around the concept of “capital”, also known as “profits” or “net earnings”. Biblical capital can only exist as a result of completed labor. Our entire economy is built around claims on future labor, so capital no longer exists in our nation – or any other debt-based nation. We conduct our transactions via “claims on future labor” instead of capital (“completed labor”).
Instead of teaching and encouraging people to conduct honest labor, we have a government that is systematically creating class warfare to increase its own power.
Anyways, Health Care has been and will continue to be a done deal. If it were to fail for any reason then our Federal government would quickly lose a significant amount of power, since they would not be able to create enough new debt quickly enough to combat the international bank caused credit destruction that is occurring. Our economy would rapidly sink into a very deep depression.
Everybody is focused on the health care bill right, but it only makes up half of the equation. The Marxist Federal government also needs to create a whole new manufacturing economy in our country to keep the serfs occupied, and to drive extra revenue into the health care “trust” fund. This is where environmentalism comes into play.
The Federal government will be passing Cap and Trade legislation in 2010. We’re hearing people say that this won’t happen because there’s not enough support. Yes, it will happen – because the Federal government has no choice if they want to maintain their power. The international bankers will make sure that this legislation passes – because they will become even more wealthy after it does.
Basically, cap and trade will set limits on various “pollutants” within our nation. Companies and individuals will be threatened with fines and/or imprisonment for violating the sanctity of Federal government mandates. They will be given “carbon credits” that they must not surpass.
Here’s how the international banks get rich….carbon credits will represent a commodity that can be traded on a market exchange. Companies that don’t use all of their carbon credits will be able to sell them to other companies that need more credits. Every sale will come with a commission. Those commissions will go to the international bankers. The Federal government increases its Marxist power, while the bankers increase their wealth. Everybody wins…except for the serfs – us.
Folks, we need to have very serious discussions on what it means, and what it will take, to form a parallel economy that conducts its business through completed labor. We must then seek to conduct as much of our business as possible through that parallel economy. If we fail in that, then this country is done. We will have ceded all of our freedom and liberty to the international bankers – while allowing the Federal government to function in its Marxist “utopia”. Yes, these are strong words. Please pray about them.
________________________________________________________
Watch for these indexes to drop:
Chinese Shanghai Composite Index: 3,122.97 (change of 4.41% from July 20, 2009 base value of 3,266.92)
Shenzhen Stock Exchange Component Stock Index (SSE): 13,011.15 (change of 2.77% from July 20, 2009 base value of 13,381.22)
________________________________________________________
Here are today’s numbers for the economic indicator:
1) Gold = $1,091.30
2) Dollar Index = 78.05
3) Oil = $72.47
4) S&P 500 Index = 1,114.05
5) 3-month Treasury Bill yield = 0.05
6) 3-month OIS = 0.16
HEI = 30.42
(A value of under 100 indicates deflation, while over 100 indicates inflation – as referenced to Sept. 12, 2008…the day before Lehman Brothers collapsed)
__________________________________________________________
Here are the numbers for the day:
Dollar Index adjusted indexes:
Dow = (10,414.14) x (0.7805) = 8,128.24
S&P 500 = (1,114.05) x (0. 7805) = 869.52
Nasdaq = (2,237.66) x (0. 7805) = 1,746.49
3-month Treasury: 0.05
2-year Treasury: 0.86
10-year Treasury: 3.68
30-year Treasury: 4.57
2-yr vs. 10-yr Spread (Target > 273): 282 basis points – (Danger Zone)
2-yr vs. 30-yr Spread (Target > 369): 371 basis points – (Danger Zone)
3-month LIBOR: 0.25
3-month EURIBOR: 0.71
3-month OIS: 0.16
TED Spread: 20 basis points
LIBOR/OIS Spread: 9 basis points
Dollar Index: 78.05
Volatility Index: 20.49
JPY-EUR Exchange Rate (Target < 115): 130.1879
JPY-GBP Exchange Rate (Target < 145): 146.3292
JPY-USD Exchange Rate (Target < 90): 91.168
USD-EUR Exchange Rate (Target < 1.25): 1.428
USD-CNY Exchange Rate (Target > 7.0): 6.8286
Warmly,
Brad
Comments or questions? brhamill@hamill.com
Those of you that have been reading this Economic Update for a long time know that the Health Care bill had to pass – and it has nothing to do with health care. This bill represents the “funding pot” that will eventually consist of 17% of our nation’s entire GDP. The money will be held in a government “trust” fund. Any money gathered each year that is not spent in that year’s health care fiscal outlays will be stolen and used for by the Federal government to support and build their Marxist power structure.
We need to be very careful about the terms that we use, and the term “Marxism” is a much better fit than “Socialism” when it comes to describing our Federal government.
The definition of “Marxism” is as follows: “The political and economic philosophy of Karl Marx and Friedrich Engels in which the concept of class struggle plays a central role in understanding society's allegedly inevitable development from bourgeois oppression under capitalism to a socialist and ultimately classless society.”
You can see that Marxism incorporates Socialism, but it does so by pitting classes against one another. It lies to the “lower class” by telling them that they’re being oppressed by the “upper class” through the abusive practice of Capitalism. As a refresher, Capitalism is based around the concept of “capital”, also known as “profits” or “net earnings”. Biblical capital can only exist as a result of completed labor. Our entire economy is built around claims on future labor, so capital no longer exists in our nation – or any other debt-based nation. We conduct our transactions via “claims on future labor” instead of capital (“completed labor”).
Instead of teaching and encouraging people to conduct honest labor, we have a government that is systematically creating class warfare to increase its own power.
Anyways, Health Care has been and will continue to be a done deal. If it were to fail for any reason then our Federal government would quickly lose a significant amount of power, since they would not be able to create enough new debt quickly enough to combat the international bank caused credit destruction that is occurring. Our economy would rapidly sink into a very deep depression.
Everybody is focused on the health care bill right, but it only makes up half of the equation. The Marxist Federal government also needs to create a whole new manufacturing economy in our country to keep the serfs occupied, and to drive extra revenue into the health care “trust” fund. This is where environmentalism comes into play.
The Federal government will be passing Cap and Trade legislation in 2010. We’re hearing people say that this won’t happen because there’s not enough support. Yes, it will happen – because the Federal government has no choice if they want to maintain their power. The international bankers will make sure that this legislation passes – because they will become even more wealthy after it does.
Basically, cap and trade will set limits on various “pollutants” within our nation. Companies and individuals will be threatened with fines and/or imprisonment for violating the sanctity of Federal government mandates. They will be given “carbon credits” that they must not surpass.
Here’s how the international banks get rich….carbon credits will represent a commodity that can be traded on a market exchange. Companies that don’t use all of their carbon credits will be able to sell them to other companies that need more credits. Every sale will come with a commission. Those commissions will go to the international bankers. The Federal government increases its Marxist power, while the bankers increase their wealth. Everybody wins…except for the serfs – us.
Folks, we need to have very serious discussions on what it means, and what it will take, to form a parallel economy that conducts its business through completed labor. We must then seek to conduct as much of our business as possible through that parallel economy. If we fail in that, then this country is done. We will have ceded all of our freedom and liberty to the international bankers – while allowing the Federal government to function in its Marxist “utopia”. Yes, these are strong words. Please pray about them.
________________________________________________________
Watch for these indexes to drop:
Chinese Shanghai Composite Index: 3,122.97 (change of 4.41% from July 20, 2009 base value of 3,266.92)
Shenzhen Stock Exchange Component Stock Index (SSE): 13,011.15 (change of 2.77% from July 20, 2009 base value of 13,381.22)
________________________________________________________
Here are today’s numbers for the economic indicator:
1) Gold = $1,091.30
2) Dollar Index = 78.05
3) Oil = $72.47
4) S&P 500 Index = 1,114.05
5) 3-month Treasury Bill yield = 0.05
6) 3-month OIS = 0.16
HEI = 30.42
(A value of under 100 indicates deflation, while over 100 indicates inflation – as referenced to Sept. 12, 2008…the day before Lehman Brothers collapsed)
__________________________________________________________
Here are the numbers for the day:
Dollar Index adjusted indexes:
Dow = (10,414.14) x (0.7805) = 8,128.24
S&P 500 = (1,114.05) x (0. 7805) = 869.52
Nasdaq = (2,237.66) x (0. 7805) = 1,746.49
3-month Treasury: 0.05
2-year Treasury: 0.86
10-year Treasury: 3.68
30-year Treasury: 4.57
2-yr vs. 10-yr Spread (Target > 273): 282 basis points – (Danger Zone)
2-yr vs. 30-yr Spread (Target > 369): 371 basis points – (Danger Zone)
3-month LIBOR: 0.25
3-month EURIBOR: 0.71
3-month OIS: 0.16
TED Spread: 20 basis points
LIBOR/OIS Spread: 9 basis points
Dollar Index: 78.05
Volatility Index: 20.49
JPY-EUR Exchange Rate (Target < 115): 130.1879
JPY-GBP Exchange Rate (Target < 145): 146.3292
JPY-USD Exchange Rate (Target < 90): 91.168
USD-EUR Exchange Rate (Target < 1.25): 1.428
USD-CNY Exchange Rate (Target > 7.0): 6.8286
Warmly,
Brad
Comments or questions? brhamill@hamill.com
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