Monthly Archives: September 2013

What Will ObamaCare Cost You, Beginning on January 1? Do You Know?

"They call this insurance. It’s not insurance. It’s free care for the already ill. Someone must pay. Guess who? You! How much will your premiums be raised? Have you been told yet? If not, do you know how to find out? Have you made the household budget revisions that will be required on January 1? Or are you just waiting to see what happens? This gigantic change in American health care is due to go into effect on January 1. Everyone is supposed to enroll on October 1. Are they ready to comply? Do they know how to comply? The IRS will administer this. What if most people fail to comply? What will the IRS do then? With what percentage of its employees?" Continue reading →

Continue ReadingWhat Will ObamaCare Cost You, Beginning on January 1? Do You Know?

Government Shutdown: An Oxymoron for Real Morons

"The words 'government shutdown' do not mean 'government shutdown.' They mean 'boondoggle shutdown.' They mean 'special-interest-group-subsidy shutdown.' What about the Post Office? Will it get shut down? No. What about the CIA? Will it get shut down? No. What about the NSA? Will it get shut down? No. What about the TSA? Will it get shut down? No. What about the Department of Homeland Security? Will it get shut down? No. My suggestion: stop worrying about a government shutdown. Instead, keep worrying about the government staying open . . . just like you did before." Continue reading →

Continue ReadingGovernment Shutdown: An Oxymoron for Real Morons

Shutdown: ObamaCare (No) and the Federal Government (No)

"So, how long will House Republicans continue to take a stand? Until the polls indicate that they will lose in November 2014. On October 1, enrollment in the exchanges is to begin. But hardly anyone knows how to enroll yet. The computer programs are not ready. The confusion has not yet hit. The sense of betrayal has not yet hit Obama’s poll numbers. If Republicans can hold out long enough for resentment against the program to spread, they win politically. They can hold out longer. But at some point, they will capitulate. That’s what the uncertainty is all about. It’s about the timing of their capitulation." Continue reading →

Continue ReadingShutdown: ObamaCare (No) and the Federal Government (No)

Peter Schiff Was Right – ‘Taper’ Edition

"When Ben Bernanke announced that the Federal Reserve's Open Market Committee was going to continue its monetary expansion program it calls Quantitative Easing, almost everyone in the financial media was taken by complete surprise. According to the mainstream media, the non-taper 'surprised almost everyone out there.' Well it did not surprise me, nor anyone who had been paying attention to what I had been saying. As I said repeatedly over the past several months, the Fed knows that the appearance of economic health would evaporate if its stimulus were withdrawn, or even diminished." Continue reading →

Continue ReadingPeter Schiff Was Right – ‘Taper’ Edition

Solutions: Overcoming Stockholm Syndrome

"In the 1970s, a strange psychological phenomenon was identified: in traumatic abduction situations, a certain percentage of the population is prone to falling in love with their abductors. But if we are living in a societal prison of the mind, then are there those who have fallen in love with their mental jailers? Find out more about societal Stockholm syndrome in this week's edition of The Corbett Report." Continue reading →

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“The Fed Made It Possible For Many People To Leak It”

"Zero Hedge is publishing information from a tipster who explained how easy it was to get information into traders about the Fed monetary policy statement before it was officially released. This really sounds very similar to what happened at the BLS in the old days (the 1980s). I outlined how that went down, here. We are talking about big time money here, people made millions on the leaked information. They will also be tough to catch, especially if they used throw away phones. If no direct connection can be made between a leaker and a trader, then all a trader has to do is stick to his story that he bought on some kind of technical trading activity and who will be able to prove otherwise?" Continue reading →

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Data Broker Giants Hacked by ID Theft Service

"An identity theft service that sells Social Security numbers, birth records, credit and background reports on millions of Americans has infiltrated computers at some of America’s largest consumer and business data aggregators, according to a seven-month investigation by KrebsOnSecurity. All three victim companies said they are working with federal authorities and third-party forensics firms in the early stages of determining how far the breaches extend, and whether indeed any sensitive information was accessed and exfiltrated from their networks. The intrusions raise major questions about how these compromises may have aided identity thieves." Continue reading →

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Quantitative Easing Worked For The Weimar Republic For A Little While Too

"Like any addict, the Fed is promising that they can quit at any time, but this month they refused to even start tapering their money printing a little bit. The behavior of the Fed is so shameful that even CNBC is comparing it to a drug addict at this point. Sadly, what very few people seem to understand is that what the Fed is doing is going to absolutely destroy confidence in our currency and in our financial system in the long-term. Yeah, many investors have been raking in huge gobs of cash right now, but in the long run this is going to be bad for everybody. We have now entered a money printing spiral from which there is no easy exit." Continue reading →

Continue ReadingQuantitative Easing Worked For The Weimar Republic For A Little While Too