World Markets: Why Is The Pressure Building?

Ok, I’m going to admit that I am way more than a bit puzzled by something.  I have been watching the implosion of the housing market and credit crunch for 2 years now.  I have been paying attention to how our market has been sickly since last December due to falling home prices and foreclosures rising.  I have been watching and writing post after post about the impending financial meltdown with the wolf outside the door and then inside the living room eating Spot.

I was astounded when the corrupt DNC installed Obama instead of Hillary because she definitely had the knowledge, the plan, and the cajones to turn this around.  I have been watching Bernanke and Paulson make this situation worse, day by day, by coming out and scaring the bejesus out of investors, which in turn tanked our market 7 days in a row, and after the news I just read, tomorrow will be day 8 in the slide.  I have even seen Neil Cavuto say today that our financial leaders need to shut their mouths and stop giving press conferences.  I have been wondering if and when they were going to do that exact same thing since Monday.  Here is what is puzzling me…

From The New York Times:

Asian Markets Plunge on Wall Street Sell-Off

HONG KONG — Stock markets in Asia plunged on Friday as investor sentiment was battered by the overnight rout on Wall Street, confirmation that Singapore has slid into recession and news of a financial-sector bankruptcy in Japan.

Investors were reeling from the overnight developments on Wall Street, where the Dow Jones industrial average plummeted 7.3 percent, or 678 points, closing below the 9,000-mark for the first time since 2003.

In Tokyo, the Nikkei 225 index — already shaken by a nearly 10 percent drop on Wednesdayslumped another 9.6 percent on Friday, closing at 8,276.43.

The country saw its first listed real estate investment trust fail, when New City Residence Investment filed for bankruptcy protection. An unlisted mid-size insurer, Yamato, also filed for bankruptcy.

In South Korea, the Kospi index partially recovered from a 9-percent plunge to close down 4.1 percent, its lowest since 2006.

Elsewhere in the region, the picture was equally grim. Benchmark indices in Hong Kong, Korea, Australia, Singapore and Thailand were all down between 6.5 and 8 percent. Malaysian equities traded down more than 3 percent.

….

Singapore is the first country in the region to fall into recession — defined as two consecutive quarters of contraction — since the global crisis began. Japan is teetering on the brink of recession, prompting the government there to try to pull together an additional economic stimulus package.

As expected, Singapore’s central bank, announced on Thursday a move intended to slow the rise of the currency, intended to support its highly export-dependent economy.

…..

Meanwhile, concerns that a global recession could slow demand for oil have caused prices to plunge to less than $84 per barrel on Thursday. OPEC has signaled it may slash output in support of prices at an emergency meeting of leading oil-producing countries in Vienna on November 18.

Okay, that looks straightforward enough, doesn’t it?  I’m not into wearing tinfoil hats at any time, I actually like to live in the here and now with evidence, but what is happening around the world is way over the line.  Let’s back up for a minute and go thru the recent timeline.

  • Monday, Sept. 15th, the slide really starts and Paulson comes up with the 3 page plan to take over the country financially.  The Congress and our financial leaders twiddle their thumbs for almost two full weeks.
  • Wednesday, Sept. 24th, John McCain suspends his campaign to fly back to Washington to focus on the slide. Barack Obama’s presence is requested by the President in Washington.
  • Thursday, Sept. 25th,  Pelosi and crew come up with the lie that they have a deal and are going to the White House, and eventually embarrass John McCain and assorted Republicans when the dems go for the plan and the republicans say “are you crazy, no way.”
  • Friday, Sept. 26th, McCain and Obama have the debate.
  • Monday, Sept. 29nd, the House votes on the 161 page 700B Bailout package and it goes down in flames after Pelosi’s partisan remarks.  The market drops 778 points.
  • Wednesday, Oct. 1st, the Senate drives thru the next version of the Bailout package (at 451 pages full of pork) and then decides to go home. The Dow closes down 20 points.
  • Thursday, Oct. 2, the House convenes to chat about the Senate package. The Dow closes down 349 points.
  • Friday, Oct. 3, the House votes to enact the Senate’s version of the Bailout package.  The Dow closes down 158 points.
  • Monday, Oct. 6, the Dow closes down 370 points.
  • Tuesday, Oct. 7, the Dow closes down 509 points.
  • Wednesday, Oct. 8, the Dow falls 508 points.
  • Thurday, Oct. 9, the market drops 679 points.
  • Friday, Oct. 10, the asian markets are going down in flames.

The farther we get from the “Rescue Bill”, the worse the markets are doing.  A full two and one half weeks have gone by since our leaders jumped on this problem.  Paulson received control of $700B seven days ago.  The European leaders have been saving banks, cutting interest rates, pumping money into their systems, and the Bank of Japan has put $1 trillion dollars up to insure liquidity in the Asian markets. All of these events are being put in place to relieve the pressure and create a stable platform.  Why then is the pressure building?

Why has the Nikkei dropped 10% on Wednesday and another 9.6% on Friday?  Why are the rest of the asian markets going through the floor?  Why are our banks here in the states not lending money, even though it is plentiful now?

All of this because of the United States housing market and credit crunch?  There is something else going on here.  This has gone way over the line from a “correction” standpoint.  This situation is completely upside-down from where it should be.  Math is math; numbers do not lie.  There is something else driving this right now.  I do not know about you, but I would dearly love to know what that something is.

Obama’s Next “Some Guy I Know” Association

PUMAs have known for months about these questionable associates of Barack Obama, but then again, most of America is just now joining the conversation.  Are you ready for the next Barack Obama “He’s some guy I know” association?

From John Gibson:

One Pissed Off Wisconsin Voter: Sit Down, I’m Not Finished!

I actually had the good fortune of watching this event happen live on Fox and applauded this pissed off American for speaking his mind!  Americans have been fed up with Barack Obama, his questionable associations, his lack of ability to vote yes or no, and his marketed image for a very, very, very long time, but you would never know it by all the MSM coverage of Obama and his sycophants.  We are bombarded with Obama’s opinion of what McCain (and therefore, us) are saying….it’s a distraction because McCain is desperate.  I do not think PUMAs are desperate; we just continue to be blown away by the audacity of Obama & Crew and the MSM.  Has the MSM forgotten they are going to have to live here too under an Obama/Socialist/????  regime?

Finally, a news organization has caught an American standing up and saying what we all feel. Thank You unnamed Wisconsin Voter for speaking your mind and telling McCain and Palin that we are tired of the Dems in Congress, their liberal left agenda, ACORN’s voter fraud, and Obama’s poor judgement.  Does anybody think this is the male version of Harriet Christian?

Fox is reporting that Republican voters are becoming more and more negative and are starting to shout “Traitor” and “Terrorist” about Obama while at McCain rallies.  I think Fox has forgotten the 18 million Hillary voters that believed that at the beginning of the year and have not been receiving any coverage lately.  We’ve just added numerous Democrats in Congress to the traitor list.

The good news according to a friend of mine, “There are too many of us to take us out now”.  I have to agree and watching what is happening, John McCain and Sarah Palin are going to take this election.  Americans are paying attention and guess what, they are calling their families, friends, and neighbors and comparing notes.

Hey Barack, is there some other form of election fixing that we have not yet discovered allowing you your assurance about this election?

Obama Ayers Connection Really Started With Michelle Obama

Obama Ayers Connection Really Started With Michelle Obama

I know that my readers are very savvy, independent thinkers, and that most of you realize that the true participant in the race for the White House is Michelle Obama. You probably believe, as I do, that she is far more dangerous than Barack, and is the driving force behind trading up to the White House.  How many of you agree that Michelle has been planning for this day since she and Barack hooked up, and that every move that has been made was a calculated manuever to reach this point?  How many would agree that Michelle completely believes Black Liberation Theology and is the reason that Reverend Wright and The Trinity United Church were such a big part of their lives and the reason they stayed in that church for over 20 years?  Does anyone believe that Barack Obama does anything that is not approved by Michelle Obama?  If any of my readers can find video of Michelle Obama during Hillary Clinton’s convention speech, please leave a comment.  Michelle Obama cannot hide her feelings about any given subject and telegraphs what she thinks and feels all over her face.  Her reactions during Hillary’s speech have been the most telling.  This is probably the reason we have not seen much of her in the last few months.  But back to the matter at hand….

Will it surprise you to know that she and Bernadette Dohrn were co-workers at the same law firm that Barack eventually joined, and at which Michelle became Barack’s mentor?  Watch the video and make up your own minds.

Greta had an interview with John Murtagh back in May and I, for one, am very glad that this relationship story is finally getting some traction. Mr. Murtagh brings up an interesting point at the end of the video when he speaks about the Atlanta Olympics bomber being in jail and William Ayers walking around free as a bird.

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