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‘Interesting Times’ Spinning Out of Control

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Published : June 16th, 2014
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Category : Editorials

These all-too-interesting times are threatening to mutate into global mayhem. Because a 500-word commentary cannot begin to cover it all, let me list just a few of the things that we should all find troubling:

• The subjugation of Iraq by jihadi madmen so deranged, cruel and violent that even al Qaeda considers them outcasts is about to radically reshape the geopolitical world. They now control territory from Aleppo in northwestern Syria to Fallujah in central Iraq and are fixing to extend their dominion – and a re-nascent Caliphate — to Baghdad. We should wish Iranian troops well in killing as many of them as possible.

• Whatever develops in Iraq, energy prices are poised to take a leap that could easily tip the developed world back into darkest recession. My technical forecast has been calling for $119-a-barrel crude, but that may prove to be just the booster stage of a much bigger rally.

• Under the breathtakingly inept leadership of Barack Obama, whose competence never rose above the level of neighborhood rabble-rouser, America’s withdrawal from the world’s trouble spots threatens to end the Pax Americana that followed the demolition of the Berlin Wall.

• Question to the State Department, Western Europe, the neo-Nazi right and the American left: Do you still believe that Israel is the main cause of the world’s problems?

• Waiting in the wings to make things worse is Hillary Clinton, as sinister as Obama is incompetent. The faked smile that hides her take-no-prisoners ruthlessness reminds me of the murderously ambitious Angela Lansbury character in The Manchurian Candidate.

• However the White House tries to spin the Bergdahl swap, the photo images of the five Islamist psychopaths released from Gitmo have already seared a terrifying image into the minds of Americans that will longer for a long, long time.

• A lazy, ignorant, ideologically compromised news media that has kissed Obama’s feet since he announced his candidacy in 2007 is about to get its comeuppance when the true, rebellious feelings of Americans surface at the polls in November.

• No matter how much Hillary, Obama, Kerry and their lackeys in the press want Benghazi to go away, it will not.

• And neither will a dozen other scandals. If they appear to recede from concern for a while, it’s only because new and even bigger scandals are erupting every week.

• Lois Lerner’s emails have somehow gotten lost? This is the sort of thing that made beheadings so popular during the French Revolution.

• Obamacare is a dead duck. And don’t expect Americans to trust the same Federal Government that excreted it to “fix it” with a single-payer system. By now, most Americans understand that the single-payer model is just a load of leftist claptrap that would make the VA hospitals look like models of efficiency.

• The only way back for our Obama-wrecked healthcare system is for doctors to take matters into their own hands, marching on Washington if they have to.

• Still not convinced Obamacare will be derailed? Wait till you see what happens to insurance premiums – not just this year and next, when the increases will be merely stunning, but after The Guvmint’s ‘corridor’ subsidy is withdrawn at the end of 2017, subjecting rate payers to the full brunt of insurers’ mounting losses. By then, almost no one but the very well employed will be able to afford health insurance. Still worse is that there will be more uninsured Americans than before Obamacare.

• The public-spirited PTA of the 1950s is about to revive, catalyzed by an increasingly hated Common Core program that would turn children into docile, ignorant Obama-ites.

• Student loans now tally $1.4 trillion and will never be repaid. This economic disaster-in-the-making will reach critical mass before Obama leaves office. Wage garnishments have already begun, dooming whatever hopes twenty-somethings had to climb out of the deepening abyss of post-collegiate poverty and The Great Recession.

Data and Statistics for these countries : Iraq | Israel | Syria | All
Gold and Silver Prices for these countries : Iraq | Israel | Syria | All
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Rick Ackerman is the editor of Rick’s Picks, a daily trading newsletter and intraday advisory packed with detailed strategies, fresh ideas and plain old horse sense.
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Argus - 6/16/2014 at 1:54 PM GMT
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