"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey
With the housing and credit markets in turmoil, and energy prices hitting new all-time highs, investors have pulled in their horns and have altered their spending habits.
This morning United Parcel Service (UPS) said that a weaker economy and higher fuel costs are killing them.
The IMF's new estimates showed that the sub-prime crisis would hit $945 billion, while the losses in the US would be 0.5 percent, and the United Kingdom's losses would be 1.6 percent.
Warren Buffett has yet to unleash his massive hoard of cash into stocks which signals to investors that the bottom in the equity markets has yet to been seen.
As I continue to comb through the latest insider buys and sells, corporate executives with the big blue companies have not bought as aggressively as one would think given the magnitude of the markets downturn.
Crude oil hit a new high this morning after the EIA said crude stocks fell by 3.2 million barrels in the week ended April 4. The expectations had been for a build of 2.5 million barrels.
The U.S. Energy Information Administration on Tuesday raised its price forecasts for 2008 and 2009 average West Texas Intermediate oil prices, and raised its full-year forecast to above $100 a barrel for the first time ever.
This is not good news for the US economy.
In March, the US economy lost 98,000 jobs, half of which were in manufacturing. Once the manufacturing capital of the world, the US Government now employs 8,744,000 more people than the US manufacturing base.
While the "New World Order" gang works overtime redeploying the US workforce to nations around the globe, Presidential hopeful John McCain campaigns to voters with slogans like "your jobs are never coming back". I guess the "Gang" always has their people waiting in the wings to take the place of the previous one they placed in office.
President Clinton was a tool of the gang as he led a Democratic Congress to pass NAFTA. Hillary is got to be a tool of the gang when you look at her qualifications to be President, and who is backing her. President Bush was a tool of the gang as he led a Republican Congress to pass CAFTA, and turned his back on the border issues with Mexico. Barack Obama's campaign employs two members of the Council on Foreign Relations members: Sen. Richard Lugar (R-Ind.), and Sen. Joseph Biden (D-Del.).
In a nutshell, the whole darn Government is owned by the globalists.
Do you want to know how to counteract the power of the globalists? Zip up your wallets. Don't buy anything imported. Look at the labels of anything your thinking of buying, and if it is imported, don't buy it.
Buy hitting the globalists in the "private sections" of their pocketbooks, citizens can take back the power they once believed they didn't have. If you want to bring down oil prices, boycott buying gas from a company like Exxon. Don't buy a single drop.
Do you want to really piss off the globalists? By your gas from Citgo since it is owned by Venezuela, a country run by the globalists arch enemy, Hugo Chavez.
Do I sound mad? Not at all. As they say in the movie the "Godfather", "it's nothing personal, just business".
