Newsfreepress's Blog

Stock Market2

05 Feb 2010 Leave a Comment

by newsfreepress in Conservative Politics, Uncategorized Tags: Americans make, bringing America Down to china's level, China, Congress Vote, Dbt limit Rises, Ham Radio Urls2, interest rates, our debt, Squawk Box Europe, your Money

We are the media of the future

Febuary 4,2010

                  Today I want to talk about the stock market and other financial problems. That I see for the future. Lets first talk about the Market at This Minute the european Markets are tanking. and thats making the dow fall more then -207 points at 11.11 AM my time. And the at 11.00 AM the USA Markets were down by 237 points, and The Fox Business Channel are saying that our Markets are falling due. To what is happening Europe. There are problems in Spain,Portugal and in Greece.

 29 of the thirty Dow componants are in the red right now. The vicks is at its lowest level since May 2008. Portugal and Greece the problem is related to Credit Defualt Swaps. The Vicks measures confinance in the market. I knew the Markets were not going to be good today. When I watched the European Markets open down by 54 points. Even before they opened  Thomas Hoenig from the Federal Reserve Central Bank, came out today and said that we in the USA. Cannot Keep the the interest rates this low for much longer. And I see the interest rates going up toward the end of March 2010. But they say they cant let them go up too much becuase that could effect the elections.

                No is talking about the 8 to 10 trillion Dollars that we are spending on programs. Like Medicare. Medi-cal and Welfare,andUnemployment.  Social Security and yes the Forestry Department is also in that group of unfunded mandates. Today the Congress just voted to raise the debt cieling again it now has been raised by another 1.8 Trillion Dollars. and the ntional debt will be able to go to an all time high of 14.8 Trillion Dollars that is all they will admitt to but thats that Fuzzy Math from the 1990′s. 

               Warren Buffett’s triple A rating was lowered today due to a lot of his holdings getting lower ratings. Oh yes before I forget Last week in Davo’s Swittzerland.  The IMF the International Monetary Fund spent the whole week, trying to find country’s to help Ireland. The problem there is the  amount of money, they have borrowed over the last 3 years. And about 6 months ago they were warned just like we have been to quit spending. We have been recieving warnings from China and now Japan. Over the last several months, now you would think we would learn as an country. As the people of the country Have the people are trying to get out of debt.

 But those in our congress, hav’nt got a clue. Or are they delibertly trying to destroy the country financialy. Oh why do I say that well lets look at the monatary situation. If you want to get a group of country’s to change from one currancy to another. You use your credit card like a cash cow, you spend yourself into a stupier. And yet never paying for what you buy, and much the less the interest. Then when you can not borrow any more on that credit card you file  for Bankruptcy.

 What do this do for you it makes business not trust you. Why becuase They say why should we trust you?  How do you get Business to trust you.Then you show them you are trust worthy but thats not how government does it. They get together with other countrys. And join forces change your currency, into one currency. Thats what Europe did, everyone except the UK. They kept the the Sterling and the Pound. Thats what happened in the early 90′s, after the last Huge crash in the markets in 1987.  It started with 12 countrys in europe going to the Euro. And now there are 23 countrys, and soon there will be 26 countrys all using the Euro as their currency of choice.  We will hit the New Debt ceiling in about 3 weeks from now. Andrew Cuomo is sueing The Bank of America he is also running for Governour of New York. 

                In other economic news China is now complaining about how  much money the American people make in wages. Verses what the Chinese people make in wages. May I remind China that its their fault their people make so little money. And if they would enbrace Capitalism like we do, then their people would make more money. If their country would not steal so much money from their people, their people would be able to have a better lifestyle. But instead they are playing the blame game ,becuase they think American people dont deserve to have the lifestyle we have. If  China wants a better life for their people they could do a number of things. First leave Communism behind and allow your people keep more of their money. and allow the people to earn more money. Right Now the Chinese people make 40 times less money then we do. So what is the real goal here then its all about American wages being too high and that they must come down drastically. In order to make the Chinese people look like they are equal to our people. Which is something I said sometime back about an year and a half ago.

                 The Dow closed today at 9,999.61 the Dow lost 271.69 points today with the Dow final being 10,002.20 which means the total losses for the Dow today was 268.37 which was at 4.07 pm Eastern time and before the markets opened today the Dow was down about 54 points in bfore hours trading.

                  Well thats all I am going to write tonight except I want to let everyone know that tonight’s Radio show. Is Ham Radio on the News Free Kooskia Idaho show on Blog Talk Radio here is the Link http://www.blogtalkradio.com/News-Free-Kooskia-ID the show airs at 9 PM Pacific and 11PM Central Time and at 12 AM Eastern Time we have that show every Thursday Night and Tonights Show David WB6DHW the Host of the Show Has his First Guest He will interview  Dennis WB6OBB Dennis is an Blind Ham we will Discuss how different and how difficult is it work ham radio without sight we have in the past few weeks had friends ask me if we could cover that and we do this show for the people I have also included some links that would be helpful too    

 Women in Amateur Radio:
http://www.youtube.com/watch?v=njasYqlY15Y
WeatherBrains Podcast on Amateur Radio:
http://weatherbrains.com/weatherbrains/
Hamdi Ham
http://www.handiham.org/
Seeing radio waves with a light bulb
http://blog.makezine.com/archive/2010/02/seeing_radio_waves_with_a_light_bul.html
Santa Barbara Amateur Radio Club
http://sbarc.org
Schwendtner Piano and Service
http://www.pianosb.com/