Baltic Dry Index
The Baltic Dry Index, admired when rising and ignored when it drops, has collapsed by over 50% from its December highs and is back to August lows. This global trade barometer is simply tanking!
Officials in a certain government announced that the Chinese currency will now become legal tender. So, what country did that? Zimbabwe! Yes, the country that was the poster-child for hyperinflation and the butt of jokes in economic circles is now dropping the U.S. Dollar for something more stable. Adding to this is the fact that the dollar’s share of global reserves has slowly fallen from roughly 75% in 2001, to just over 60% today.
Pending Home Sales collapsed 8.7% month-over-month – which is the worst since May 2010. So, what are the so-called experts blaming? The cold weather. Who would have imagined that global warming was needed to improve the economy? Where is ole ‘man-bear-pig‘ Al Gore when you need him?
Established By The State
A provision in Obamawreck says that subsidies shall be available from exchanges established by the states. Since 34 states have not established exchanges, the IRS is spending federal tax dollars to create Federal exchanges in those states. If the courts rule against the IRS, then the Obamawreck scam dies. If the courts rule for the IRS, the IRS will be allowed to spend tax revenue without congressional authorization.
Top Health Care Source
It turns out that 50% of physicians reported that they have consulted Wikipedia. Yikes!
It turns out that 43 Obamawreck Navigators in California are convicted criminals. Three of them with records of significant financial crimes. Navigators also are likely to work with a population that is more vulnerable than average. Of course, this was expected since Obamawreck was passed by un-convicted criminals without reading it.
Eric Holder publicly states that he regrets not releasing pictures of the slain children at Sandy Hook Elementary. At the same time, he states he knew nothing about the Obama supporters involved in the IRS investigation. This is the chief law enforcement officer of the U.S. Government?
DHS On The Job
In their never ending job to terrorize err… safeguard Americans, Department of Homeland Insecurity agents seized counterfeit NFL Jerseys. Yes, they have saved America from fake Jerseys!
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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