Look, this show is not about politics… right now it is about trying to help you avoid losses and build a portfolio that can make it thru the house of pain… and that means that you have to Obama proof your portfolio… something that I will be helping you do in a multi-part series starting today, and extending all thru next week… that is right, we are going to Obama-proof that portfolio… like bomb proof… like Stranium 90... like don’t drink milk until late next year.

Remember, if this market has taught us anything it is that nothing is fool-proof…. but we can sure build a portfolio that, well, let’s just say Obama resistant… now, we have neglected international stocks deliberately every since the down turn started… because believe it or not a lot of places like Europe are doing even worse than we are… now I don’t want to sound un-American, because that is not me… but it is time to revisit the international names… because you now need to own a stock that is outside of this country… something that is beyond Obama’s reach… something that is on the beach… a better book than movie… despite the bizarre but brilliant casting of Fred Astaire… I want you to think BHP Billiton Ltd. (BHP)… that is the largest diversified resource company… and the one that is based in Australia… that is not a stock mate… this is a stock… actually this is a knife, but you get the Crocodile Dundee analogy don’t you.

I think BHP could turn out to be the best play on China’s $600 billion infrastructure stimulus plan… and it along with the Australian economy should come back faster than we will because of its exposure to China… the Chinese Communists … you know it, I say it… are now the last, best hope for capitalism… China will be the engine for any global economy recovery… and BHP, will be the company shoveling natural resources down China’s veracious mall… to fuel that growth… by this time next year, I am offering a Cramerican prediction… by this time next year in Beijing, there will be more BHP than MSG… plus, BHP is a good accidentally high notoriously B.I.G. juicy 4.5% yield that I read about, of course, in Word Up magazine… a lot of other minerals and mining companies have been forced to cut their dividends… but this one is Lawrence Olivier, in “Marathon Man” save… oh and Australia still seems safely in the throws of capitalism… I am thinking perhaps this is because the nations strong aversion to returning to its debtor prison roots.

Our rule of thumb… taken from Dave Pelletier, my colleague from TheStreet.com, where I am chairman, who runs the Dividend Stock Advisor Newsletter… says a companies earnings should be at least twice the size of its dividend payouts…. uh oh, BHP’s earnings should only be 1.8 times the size of the payout… but, the company has a strong balance sheet and its free cash flow in 2008, was 19% greater than its net income… that is more than enough to cover the dividend… they are paying you to wait for the Chinese stimulus to really kick in… in its 2008 fiscal year, which ended in June, 20% of BHP’s sales came from China… the company is the second largest producer of iron ore in the world… and half of BHP’s ore goes to China… the third largest producer of copper, needed for China’s big infra projects… the third largest producer of nickel, used to make stainless steel… and the largest global supplier of seaborne traded hard coking coal, that is the kind of coal used in steel production… by the way Freeport-McMoRan (FCX*), an ActionAlertsPlus.com name… that is giant copper play… has almost doubled in the last few months, because copper prices have firmed up… I think BHP will do the same thing.

Hey, it also has some nice oil properties… and it has the benefit of being just a hop, skip, and a jump away from China… now, in November BHP said that because of a sharp slump in Chinese iron ore, annual sales will probably be down 6 million tons from a target of 130 million… but in January, they came out and told us that they expected shipments to fall only 1 or 2 million tons… and the week ending February 23rd, Chinese ordered inventories declined 6% year over year, 2% from the previous week, 23% from the high reached in mid September.. hey, you know what this is good… you have got to believe that things will only get better as China’s stimulus really gets into gear… now, remember this… this is important… China’s government is stimulating the economy… our government is stimulating Nancy Pelosi's agenda… already the price of imported iron ore in China is up by more than 25% since October… while the price of hot rolled steel is up more than 35% since mid November… these are good numbers guys… January unit sells of new housing in Beijing doubled year over year.. what are we down by like 1/8th …. and they are using BHP’s copper, not to mention its other raw materials in those new homes.

BHP missed the streets estimates when it reported last… come on, its cash flow though increased 74% and its dividend was 41% larger than last year… the company reduced its net debt by 51%… this company is doing everything right… it’s a much stronger balance sheet than its competitors… which has allowed the company to keep up its spending growth during the downturn… other natural resource plays are cutting back, they are scared… not BHP, they are taking advantage of falling capital costs to grow its business… they are ready for the next upturn… which I think could come sooner than people realize for BHP Billiton Ltd. (BHP).

The stock has fallen… here is another thing, you are not getting in this thing early… it has already fallen from $95 to $36... 4.5% yield… balance sheet looking real good… taking market share… could raise dividend further… while other resource plays struggle… largest beneficiary of China’s stimulus package… it is also Obama proof…. it is based in Australia… beyond the reach of our President’s ability to tax.

Here is the bottom line…