DETROIT:IF KWAME TALKS C.S.ILLICH WILL FRY

THE GOVERNMENT COULD BREAK THE BACK OF THE MAFIA IN DETROIT:
Kwame Kilpatrich Detroit's x mayor who was forced to step down to serve a jail term is now being propped up fiancially by the mob. They are paying his legal bills and fronting the cost of his court room atire. The fancy fedora's Kilpatrich is sporting around during his court room appearences is being paid for by mafia front men. Why? The person who has the most to fear if Kwame squeals is C.S. Illich and it is his friends and associates who are making the cash contributions to Kilpratich.
At least half of Illich's fortune came directly out of the cities treasury. Kilpatrich was a willing conspirator in letting Illich help himself to the cities money. The city fiancinced the new Tiger stadium and out of the clear blue sky Illich ended up with one of the cities casinos. What luck! If Kilpatrich told how it really happened that Illich really ended up owning a casino and receiving hundreds of millions from the cities treasury Illich would be going to jail. If the government squezzes the little fish the big fish will fry.
LOS ANGELES' MAYOR HAS A CHANCE TO REDEEM HIS REPUTATION: If mayor Vee can get the Wilshire subway construction started soon it certainly will improve his image and legacy. Politicians are complaining that its just to expansive to build the subway. From all of the whining and complaining about building the subway you would think they were talking about a 50 or 100 billion dollar project.
The cost of the subway construction would be just a measly 5 billion dollars. That is chump change these days. Thats the pentagons paper clip or toilet paper budget for a week.
That is why this country is so fucked up. Its has trillions to spend on shit like a war in Iraq or a new weapons system that doesent work but it cant fund worthy projects like the Wilshire subway.
FIANCIAL OVERVIEW: There are now a lot of stocks that are undervalued. Its still early to buy them. The market could go to 9000. Marc Faber's revelation is startling that the dollar will become worthless. The last couple of years Faber has alway been right.

STEVE RATNER'S INTERVIEW IN FORTUNE DOSENT HOLD UP

RATNER ISNT BEING TRUTHFUL:
Ratner in the Fortune interview said that he fired Rick Wagoner after concluding that Gm was an organic fiancial mess(what ever that means). It shouldn't have taken much time to figure that out. It had been obvious for a long time that Gm was in trouble.
Ratner in an interview on Bloomberg just a few days before Wagner was fired said Wagoner had hosted him, filled out all the papers on time and was a great guy and didnt deserved to be fired. A day or two later Wagoner was fired. Was Ratner being the cold calculating poltician setting up his prey in the Bloomberg interview so he could anbush and fire him a short time later? Or maybe he didnt fire him after all?
The likely person who ordered Wagoner fired was the President and not Ratner.
If Ratner thought Wagoner was so incompetent why did he let him pick a successor who was even more imcomptent then himself(akaFreddie Henderson). Ratner said there wasnt enough time to do a full search so he had to let Wagoner name his successor. There is 50 billion dollars riding on this desicion but Rattner said he didnt have enough time to do a comprehensive search so he had to rely on Wagner's judgement. Does any of this make sense? It dosent. And neither does Ratners interview in Fortune.
The truth about Ratner is that he himself is an incompetent and like Wagoner dosent know enough about the automobile industry to be reorganizing anything. Consequently Gm will be soon right back at the bankruptcy window.
FIANCIAL PROPHET MARC FABER NEWEST PREDICTION IS AMAZING:
Faber predicts the dollar will go down to zero. That means it will be worthless. That means the stock market will be 30,000 or zero. Stocks have to go up when the dollar falls or their value goes down. I suppose real estate and everything else based in dollars will also lose value.
THE DETROIT TIMES TRADING RECOMMENDATIONS:Take profits in (ace) of you didnt today

GENERAL MOTORS IS FAILING

FREDDIE HENDERSON WAS A BAD CHOICE:Henderson(The Pillsbury Dough Boy)isnt cutting it as Gm's chief excutive officer. So how did he get the job? In a Fortune Magazine interview Steve Ratner said he picked him because Butch Wagoner said he was the best choice available. Never mind that Butch was the excutive who put Gm in the grave in the first place. Butch who lied to investors about Gm's financial condition was allowed by the Obama administration to pick his succssor and now Gm is again burning through cash and will soon be back to where they started a few months ago. FLATBROOK!!!!!
AT THE MOVIES: In a surprizing interview Francis Ford Coppola said the movie industry is washed up and that some of the big motion picture companies will soon go out of business. He said movies basically arent a relevent form of entertaiment anymore. It is attonishing that he would be that blunt.
The internet has certainly changed things as we wrote in earlier editions but a big part of the motion picture industries problem is that it has been run for a long time by bad executives who just werent capable. The industry has been poorly run for a long time and now that it is under pressure by a bad ecnomie and the internet it is collapsing.
Someday a new group of cutting edge talented creative people will discover the industry and bring it back to new heights.
PRESIDENT OBAMA IS STARTING TO PRESS THE RIGHT BUTTONS: The president is starting to figure out how to run the control panel and steer the plane in the right direction. He made some bad costly mistakes in the begining especially with the selectin of General Motors'management team but it looks like he starting to learn the job.

CARMEN TRUTANICH:LOS ANGELES HAS FINALLY FOUND A FRIEND

CARMEN TRUTANICH IS PROTECTING LOS ANGELES:
Lets hope the average citizen is smart enough to realize that Trutanich is helping the city and looking out for the average resident and taxpayer. The Los Angeles Dailey News has tried to protray him as as a bully because he wants Philip Anshultz a man who has continuely ripped off the city to start paying his own way.
Mayor Vee and the City Council who are in the back pocket of the big real estate developers naturally have taken Anshultz's side in the Micheal Jackson funeral dispute.
By making Anshultz and other real estate developers start paying their own way Trutanich will lower everyone elses tax burden.
THE DETROIT TIMES TRADING RECOMENDATIONS:
Today was the day to take profits in the S&P500 trade we recomended a few days ago

THE DETROIT TIMES SAID ITS TIME TO THINK ABOUT SHORTING THE MARKET

AND NOW IS THE TIME TO DO IT:The Detroit Times trading recommendation is to short the S&P500 tommorrow(Oct.22) at the days high or closing range. If you buy S&P500 puts buy them in the money 90 days out. A 30 to 40 percent return is to be expected on this trade.

IS THE AMERICAN ECONOMY TURNING AROUND OR GETTING WORSE

THERE CAN BE NO RECOVERY WITHOUT THE AMERICAN CONSUMER:
And things will get worse for him long before they get better. The consumer batttered not only by job loses and lower wages has lost his wealth. The collapse of the housing and stock markets destroyed whatever nest egg the middle class was able to put away. The good paying manufacturing jobs that catapulted many people to middle class status now belongs to China thanks to greedy corporate America and will not be coming back under the Obama administration. This a broken campaign promise big time.
So the recovery if it comes will be a phantome one that few people will see or feel.
WHERE IN THE ARMY NOW:
Even Ted Turner is calling the military a waste. And admiting the obvious that we lost in Iraq. Only Investors Business Daily thinks Iraq was a victory for the U.S. USA TODAY after losing 20% of its circulation finally has seen light and admits that the United States lost in Iraq.
PUTIN HAS THE MOST LOSE FROM A NUCLEAR IRAQ:
And yet he demands that sanction not be used against the Iranian Mullahs. Why? Because he has to save face and not appear to caving into the western demands.
IS IT TIME TO SHORT THE STOCK MARKET:
Yes it is. There will soon be a dip in the market or even a correction

OBAMA CONTINUOUS TO DISSAPPOINT

ANOTHER CAMPAIGN PROMISE GOES BY THE WAYSIDE:
Dr.Obama's campaign promise to tax the profits of wealthy American based corporations that are made from overseas production is now being shelved. These taxes are the key to rebuilding this countries manufacturing base and stopping American jobs from being shipped overseas. The United States currently subsidizes American companies who manufacture outside the United States but sell in their home markets. If a company wants to manufacture its products overseas and bring them into the U.S. nobody is stopping them. But they should pay taxes on the profits of the goods they shipp into the U.S. from their overseas factories. The U.S is thus subsidizing American corporate overseas production rather then fostering domestic production. Why did Dr.Obama go back on this important campaign promise? Because he is a shill for big business. They put him in office. So much for democracy.
WESLEY CLARK FOR SECRETAY OF DEFENSE:
He is the person most qualified for this job. Why did Dr.Obama reappoint a retread like Robert Gates who hasnt won shit as Secretary of Defense. Because he is backed by military contractors.
IRAN MUST BE DECLAWED:
Ifen Obama dosent stop Iran's nuclear arms program then his foreign policy will fail.
THE DETROIT TIMES TRADING RECOMMENDATIONS:
Stay with Ace Ltd.(ace)It will profitable soon

THE GREATEST REDISTIBUTOR OF WEALTH AND POWER IN THE HISTORY OF THE WORLD

THE INTERNET IS RESHAPING THE WORLD ORDER LIKE NOTHING SINCE THE INVENTION OF THE PRINTING PRESS:
Companies like News Corp and Ge and many others have seen the value of their companies slide down a slippery slope because they arent relevent any longer. Thanks to the internet they no longer have a monopoly on information. The major movie studios that once where the only supplier of motion picutures now have to compete with movies on the internet which in many cases they produced. Information and ideas that once came from the so called established media are now available to all for free on the internet. The once poweful now scamble to find a place for themselves in this new world order just like everyone else.
ANTONIO VILLARAIGOSA'S LOS ANGELES:
As the entertainment industry is shedding jobs Los Angeles is rundown and dosent have the money to repair ailing neighborhoods. Thanks to Mayor Villaraigosa what little money the city has goes to repaying loans given by Los Angeles' pension fund to realestate developers who walked away from these loans. The result is a city with declining city services unable to properly serve its residents. Its called The Detroit Model.
THE ECONOMY:
The Fed fiddling around with the money supply and interst rates is going to do nothing but cause inflation. America has to get back to the fundamentals and rebuild its manufacturing base. General Motors has 2 feet in the grave. It needs new management. We pick Phil Murtaugh the person responsible for Gm's China suceess.
The Detroit Times Trading Recommendations.
Shorting Ace Ltd is still a good trade.

A NUCLEAR IRAN:RUSSIA IS THE COUNTRY WITH THE MOST TO LOSE

A NUCLEAR IRANS BIGGEST THREAT IS TO RUSSIA:
It isnt Israel that has the most to fear from a nuclear Iran.. Iran with out making any verbal threats will hold a sharp pyschological edge over Russia with just the implied threat that it might give nuclear bomb making material to Moslem extremeists operating inside Russia's borders.
ASSISTED LIVING FOR LESTER(LEX)MURDOCK THE ELTA COCKER:
Lester have been urinating (peeing) in his pants again and making a lot of bad descions and stupid public statements. He recently thanked the Bankcroft family for being kind enough to shit all over him. Ruppert paid them 5 and half billion dollars for something(THE WALL STREET JOURNAL) that was proably worth no more then 500 million dollars if that. After they shit all over him Ruppert thanked them profusely.
Isn't it the right time to put Rupport away in the old folks home?
DONALD STERLING PHILANTHROPIST AND LOS ANGELES MACHER THRU A $10,000 LUNCHEN BUFFET IN HONOR OF MAYOR ANTONIO P VEE:
Needles to say it was quite a spread. The mayor ate the whole thing and afterwards Alka Seltzer couldnt even help him recover from his bad indigestion.
THE DETROIT TIMES GOLDEN TRADING RECOMMENDATIONS: If you didnt short ACE Ltd.(ace) on Friday you can still do it on Monday. Its a very good short sell for quick pofits of 25 to 50 cents a share.