Posts Tagged ‘U.S. Stock Market’

The Obama “Rally” Continues: Stocks Plunge to New Lows

March 6, 2009

Oh bummer! the pelf-pluckers must be crying, as the 300-point relief rally was wiped out today in the American stock market. Seems like the folks who voted to loot their neighbors and the unborn workers of the future are getting looted in their stead. There’s an old saying the Elders of Silverwolf’s wolfpack used to teach us when we were wolfcubs: “To steal from a thief is not theft!” Maybe that’s what’s happening now, as those who voted for their freebies by voting for Obama, instead of voting for the working man, Peace, sound money, and the future of the unborn multitudes to come, by voting for Ron Paul, the Peace Candidate, are now reaping their just reward. Apparently there is a price to be paid for having voted to send 17,000 more  young Americans to Afghanistan, where they will be on tenderhooks for their lives for months to come, in a place that is the responsibility of Moderate Muslims and others in the region to pacify. The idea that someone in the Oregon National Guard should be sent halfway around the world, to bail out Pakistan and India, and the other regional powers, is absurd. If it is a world responsibility, then there should be people from all over the world. But since it is a problem of Islamic extremism, why aren’t the supposedly “moderate” (tell that to the Christians who have been massacred and discriminated against there) Indonesia and supposedly moderate (anti-Tamil, anti-Hindu, anti-Buddhist, anti-Semitic) Malaysia, the “mal” of Asia, — why isn’t it their responsibility? Why aren’t the wealthy Arab and Islamic Gulf Emirates funding and fighting the war against the Taliban who are, without a doubt, a despicable bunch of mass murderers, the typical religious Fascists that plagued Europe throughout the centuries, until the post-WWII era (and even then there was Bosnia)? Western Christianity has mellowed to the point that Catholics and Protestant no longer burn each other at the stake, or indulge in their joint pastime of murdering Jews, either through auto de fes, or in communal massacres. Now it is the turn of the world’s Muslims to similarly mellow out. And the only mellowing, levelling process Silverwolf can see that can accomplish this is just plain-old, free-market Capitalism (along with a Jeffersonian Bill of Rights),the separation of church and state,  and self-interest, which paradoxically leads to the greatest prosperity for the greatest number, if left to its own devices. Mankind should trust the anarchy of the Free-Market, because it is the only anarchy that is completely trustworthy. There is much that is interesting and valuable in the Objectivist philosophy of Ayn Rand and her cohorts like Nathaniel Branden: an attempt to impose a strict logic on man’s ethical behaviour, not unlike the logic of Lord Bertrand Russell,  and a no-nonsense attitude toward the religious hypocrisy of so much of Western theology. We may say we are our brother’s keeper, but we don’t act that way, and in the market we are ruthlessly competitive. This is the hypocrisy of all Capitalists who say they don’t care about money, or all Socialists who pick up a government check and say they care about their fellow men.

There is a price to pay for voting in Socialist graft in the form of the Democrats and Obama, and the stock owners of America — and the world — are paying the required price. Oh, bummer!

Hooooooooooooooooooooooooooooooowwwwwwwww! — Silverwolf

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The Obama “Rally” Continues: Stocks Plunge Over 600 Points

October 10, 2008

The Obama “Rally” continued today, Silverwolf has noted. The Dow “corrected” another 670-odd points, as American and world investors continued to realize the vast implications of the Socialisation of the American Banking system, in combination with the virtually assured election of Barack Obama. Investors worldwide know that this is the end of American Capitalism, or what has managed to survive of it after those pieces of work, Teddy Roosevelt, Wilson, and FDR got finished working it over with their collectivist fists. The setting up of the FED by Ted, Wilson’s megalomaniacal puritan desires to achieve a collectivist world, and FDR’s opportunistic snatching of Hoover’s socialist programs, which he had attacked in his campaign, (as was shown by his speech, some scholars assert, to the Commonwealth Club during his first Presidential campaign, in which he decried the Socialist programs of Hoover, and put himself forth as a pro-business, laissez-faire alternative), these were the three main initiating events that began the cataclysmic descent we have seen in the last few days. An economic carcinoma, 75 years in the making. American Capitalism, the last bastion of Free human endeavor in a heavily Socialized world, and already suffering from a virtually Socialist system which we’ve had since FDR, has finally lost that last 40% of Free-Market it had retained, as Paulson, Pelosi, Reid and Schumer swoop in to raid the Treasury, with the collaboration of almost all of the Democratic Congressman, and half the Republicans. America could have had great prosperity and Freedom, if it had elected Ron Paul for President. But so much of the country is now Socialistic in its thinking, that the Bi-Partisan Collectivists knew they could stampede this herd of cattle into the slaughter house. And now the slaughter is taking place.

America you wanted something for nothing, you wanted to rob your neighbor in the name of social justice, you said all must be equal economically, the man who doesn’t work or works and spends every cent, you said, should have just as much as the man who works two jobs and banks 40% or more of his earnings, while living frugally for years. As Obama said, no one who works hard in America should be poor — in other words, savings doesn’t matter one iota, and the spendthrift should have just as much as the saver — now, that’s a mighty great incentive to save, isn’t it, oh economically enlighted one.

And the Democratic simpletons complain that the U.S. savings rate is too low.

But now, dear Democrats, you are getting your wish for economic equality. Now you have burdened every child of the future with a cross of debt, and inflated away the value of the money that frugal fools deposited in your banks, because they were gullible enough to believe in your system, you are finding that your own upper-middle class superiority is fading fast. But rejoice, for you are achieving that goal of the Socialists and the Democratic Party — economic equality for all.

Yes Socialism does end in bringing about economic equality — all end up equally poor.

Ron Paul for President!

Hoooooooooooooooooooooooooooooooooooooooooooooooowwwwwwww! — Silverwolf