Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
Stock Market Potential Short-term top - 18th Feb 20
Coronavirus Fourth Turning - No One Gets Out Of Here Alive! - 18th Feb 20
The Stocks Hit Worst From the Coronavirus - 18th Feb 20
Tips on Pest Control: How to Prevent Pests and Rodents - 18th Feb 20
Buying a Custom Built Gaming PC From Overclockers.co.uk - 1. Delivery and Unboxing - 17th Feb 20
BAIDU (BIDU) Illustrates Why You Should NOT Invest in Chinese Stocks - 17th Feb 20
Financial Markets News Report: February 17, 2020 - February 21, 2020 - 17th Feb 20
NVIDIA (NVDA) GPU King For AI Mega-trend Tech Stocks Investing 2020 - 17th Feb 20
Stock Market Bubble - No One Gets Out Of Here Alive! - 17th Feb 20
British Pound GBP Trend Forecast 2020 - 16th Feb 20
SAMSUNG AI Mega-trend Tech Stocks Investing 2020 - 16th Feb 20
Ignore the Polls, the Markets Have Already Told You Who Wins in 2020 - 16th Feb 20
UK Coronavirus COVID-19 Pandemic WARNING! Sheffield, Manchester, Birmingham Outbreaks Probable - 16th Feb 20
iShares Nasdaq Biotechnology ETF IBB AI Mega-trend Tech Stocks Investing 2020 - 15th Feb 20
Gold Stocks Still Stalled - 15th Feb 20
Is The Technology Stocks Sector Setting Up For A Crash? - 15th Feb 20
UK Calm Before Corona Virus Storm - Infections Forecast into End March 2020 - 15th Feb 20
The Growing Weaponization of Space - 14th Feb 20
Will the 2020s Be Good or Bad for the Gold Market? - 14th Feb 20
Predictive Modeling Suggests Gold Price Will Break Above $1650 Within 15~30 Days - 14th Feb 20
UK Coronavirus COVID-19 Infections and Deaths Trend Forecast 2020 - 14th Feb 20
Coronavirus, Powell and Gold - 14th Feb 20
How the Corona Virus is Affecting Global Stock Markets - 14th Feb 20
British Pound GBP Trend and Elliott Wave Analysis - 13th Feb 20
Owning and Driving a Land Rover Discovery Sport in 2020 - 2 YEAR Review - 13th Feb 20
Shipping Rates Plunge, Commodities and Stocks May Follow - 13th Feb 20
Powell says Fed will aggressively use QE to fight next recession - 13th Feb 20
PALLADIUM - THIS Is What a Run on the Bank for Precious Metals Looks Like… - 13th Feb 20
Bitcoin: "Is it too late to get in?" Get Answers Now - 13th Feb 20
China Coronavirus Infections Soar by 1/3rd to 60,000, Deaths Jump to 1,367 - 13th Feb 20
Crude Oil Price Action – Like a Coiled Spring Already? - 13th Feb 20
China Under Reporting Coronavirus COVID-19 Infections, Africa and South America Hidden Outbreaks - 12th Feb 20
Will USD X Decline About to Trigger Precious Metals Rally - 12th Feb 20
Copper Market is a Coiled Spring - 12th Feb 20
Dow Theory Stock Market Warning from the Utilities Index - 12th Feb 20
How to Get Virgin Media Engineers to FIX Hub 3.0 Problems and NOT BS Customers - 12th Feb 20
China Under Reporting Coronavirus COVID-19 Infections by 66% Due to Capacity Constraints - 12th Feb 20
Is Coronavirus the Black Swan That Takes Gold To-Da-Moon? - 12th Feb 20
Stock Market 2020 – A Close Look At What To Expect - 12th Feb 20
IBM AI Mega-trend Tech Stocks Investing 2020 - 11th Feb 20
The US Dollar’s Subtle Message for Gold - 11th Feb 20
What All To Do Before Opening A Bank Account For Your Business - 11th Feb 20
How and When to Enter Day Trades & Swing Trade For Maximum Gains - 11th Feb 20
The Great Stock Market Dichotomy - 11th Feb 20
Stock Market Sector Rotation Should Peak Within 60+ Days – Part II - 11th Feb 20
CoronaVirus Pandemic Stocks Bear Market Risk 2020? - Video - 11th Feb 20

Market Oracle FREE Newsletter

Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Obama, Idle Thoughts For The Ides Of July

Personal_Finance / US Politics Aug 02, 2011 - 02:48 AM GMT

By: Andrew_McKillop

Personal_Finance

Best Financial Markets Analysis ArticleMost persons vaguely heard of the Ides of March, associated with the assassination of Julius Caesar in 44 BC, but in fact the ides were periodic Roman pagan calendar-based days, that repeated right through the year, with the Ides of March, May, July and October being the most magically powerful.

Although we missed this year's Ides of July by a few days, the slippage between the Roman calendar, and our own, variously called the "christian" or "modern" calendar (named for the not-so-modern 13th century Pope Gregory), can easily cover this problem.


July 31st, 2011 is an ideal day for portentous events. If necessary, slippage aiding, the 1st or 2nd of August are also good for such high calibre events.

We mean the disappearance of Barack Obama. Obviously this could be through a Senatorial (or even Congressional) coup, but the public prefers juicy action thrillers. Although we have nothing personal against Happy Changey, he might suffer an unexplained viral infection, a new but grave basketball accident, he could fall out of his helicopter leaving the White House lawn, or an Afghan disguised as a Marine guard in a dark corridor near the Oval Office could do something terrible. We really dont know, until it happens.

It is very unlikely Obama would do the decent thing and resign, but however he goes he will leave the USA behind in an ocean of debt that his administration built to stunning heights - and then walked away from the problem saying "Give us another 2.6 trillion or we pull the plug".

APRES MOI THE SUN SHINES
Over in China the debt panic inhabiting White House corridors and column inches in remaining Murdoch tabloids like the WSJ, and on TV too, has powerfully concentrated minds but the Zero Option does not figure: get rid of Obama. In fact this is the neatest and quickest solution of them all.

To be sure there would be dark days when equities plunged, followed by days when equities plunged, but the sun would shine at the end of the tunnel. Chinese creditors would soon rally to the Zero Option. With Obama gone, almost any sane program for restructuring US debt would be welcomed with open arms. In fact Treasuries would rapidly fall back to derisory low rates of interest as global investors, led by the Chinese heaved a sigh of relief. The crisis would be over - and Obama sightings could start in Hawaii or other sufficiently distant, non-provocative places, not like Pyongyang or Harare.

To be equally sure, this could all have been planned and scripted in advance by Obama and his market-savvy advisers, if they really exist. Being unprecedented, the gameplan would have to be ground-up and well scripted, and this author can help.

Firstly, Obama appears to have been seriously wounded, injured or incapacitated, and disappears, George W Bush and Dick Cheney style, as in the wake of 9/11. The wave of public sympathy is massive, which will already tend to trim the free-fall of the US dollar, and start to win hearts and minds in China. Details are unimportant at this stage: Obama has gone and we miss him a lot, but sovereign debt business is business.

US debt negotiations will instantly, and we mean instantly move into consensus territory. If the fake Marine guard in the White House corridor is found to be an Anders Breivik-type Knight of Free Enterprise and not Afghan, this also will aid and speed debt negotiations, because the US can pull out of Afghanistan even faster, saving over one hundred billion Federal dollars in 2011-12, not 2013.

If it is found that Our Hero succumbed to rare food toxins, the contents of his last know meal will be given heavy scrutiny, showing a high incidence of imported foods from Brazil, Canada, Thailand, Australia and other net surplus food exporter countries, ranked by their trade surplus with the USA.  The coming Buy America austerity plan with US foods placed high up the list for patriotic action to trim the trade deficit, will be off to a flying start.

In the possible case where the First Family dog bit him, and conferred a dangerous and hitherto unknown bacteria, as used in Germany in recent months, the food habits of the dog will pas under the microscope. For sure and certain the dog was eating imported foods, wore a foreign-made collar, and had been toileted by low cost illegal immigrant labor, despite Obama's proud claim that he was acting to stem the rise of American unemployment.

All is possible on the magical ides of July or, with calendar drift, early August. Above all the wave of relief that Obama is gone, communicated as sympathy for his family and for America, will be paramount.

STRAWS IN THE WIND
We can expect that current fever-pitch negotiations by US powerbrokers produce nothing, because Obama is still there. With him mysteriously gone, even provisionally the change is total. Obama could for example suffer memory loss, return to Chicago incognito and defend the rights of the jobless whose numbers he has massively raised since 2009. In the wake of the 22/7 Norway killings he might adopt an even more overtly Jimmy Carter-style peace and love stance, prefiguring his total defeat in coming elections, and wearing a really nice pullover in 100-degree August heat to show it isn't real.

Slowly but surely the public would understand that Obama had resigned, but softly, and his food toxin problem was only short-term until he went back to true grit all-American food habits, and re-educated his dog on the same lines. Being independent, now, Obama could give chapter and verse on his New Economic Doctrine - evidently an awful lot different from the present.

This of course is jumping the gun, or we could prefer, the strange imported food toxin. The most important straw in the wind is how Obama thinks he could or might talk around the debt debacle he has organized for Americans, exactly like the disaster his European and Japanese colleagues have allowed to happen, for their voters. Currently he can only blame it on right-wing Republicans and economic bad luck, but here again smart handling of the Norway massacre could offer a way out of the impasse.

Obama may only be sick, for some while, and will bounce with a new, blatantly socialist program. He has already nationalized the US banking and insurance sector, and now is the moment to create jobs on the back of that public spending. This will need unexplained, or at least surprising weather-related disasters, which can be helped a little during his tragic absence from the public scene, as he recovers and pens his first authorized biography, with the powerful title "Debt and Disaster in the White House".

The publication date will obviously be an ides day - nice idea !

By Andrew McKillop

Contact: xtran9@gmail.com

Former chief policy analyst, Division A Policy, DG XVII Energy, European Commission. Andrew McKillop Biographic Highlights

Andrew McKillop has more than 30 years experience in the energy, economic and finance domains. Trained at London UK’s University College, he has had specially long experience of energy policy, project administration and the development and financing of alternate energy. This included his role of in-house Expert on Policy and Programming at the DG XVII-Energy of the European Commission, Director of Information of the OAPEC technology transfer subsidiary, AREC and researcher for UN agencies including the ILO.

© 2011 Copyright Andrew McKillop - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules