Obama G20 Epic Fail

The DOW has lost all of it's post-election/QE2 gains this week, just like I suspected would happen. You see, everything is choreographed in america these days by the oligarchs. The proletariat was supposed to feel wealthy going into the elections so they would vote for democrats. Now that the elections are over, who cares.

China is already feeling the inflation from QE2 and is taking steps to cool their economy. So are we according to a recent Walmart survey that reports inflation at 0.6 % the past two months. Bernanke's folly will hurt most americans and the global economy. But the oligarchs will earn big returns on commodities and FX investments as the trade wars flare up.

Institutional and sovereign investors are showing a lot of interest in the GM IPO. Almost $60B in orders have been booked for the dirtbag's stock. It seems that some investors don't mind buying a piece of a company that walks away from it's commitments to investors, vendors, employees and communities that supported it's operations.

The G20  told Obama and the US to fuck off in Seoul this week. Just like in america, none of the world's leaders trust or believe the tan man or his team. Obama and Bernanke want to fix american problems by destroying other countries economies. The dollar is ultimately doomed as the international reserve currency and may not survive as the US currency.