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Tens of thousands of government workers hired to roll out Obamacare

“State offices that will run insurance exchanges are hiring tens of thousands, either on staff or through outsourcing firms. Federal agencies that are key to implementing the law, such as the Internal Revenue Service, plan to hire thousands more, and private non-profit groups backed by the White House are dispatching thousands of newly hired staffers and volunteers into the field. HHS spent $394 million through last March on contracts to set up state insurance exchanges it will run, according to a GAO report this week. Experts say at least 2.7 million younger, healthier people need to sign up to make the exchanges work financially.” Continue reading →

Investors Say: “Mises Was Right!”

“Bernanke made a comment about the possibility of changing this policy later in 2013, but only if the economy continues to grow. The financial media headlined this statement. Stock markets immediately tanked. Why? Because investors believe that the world’s economic recovery is dependent on the $1 trillion counterfeiting operation, no matter what the general economic statistical indicators say. They do not trust the FOMC’s judgment in assessing these indicators. They do not trust anything except counterfeit money. In short, they are becoming implicit Austrian School economists. They see that mass monetary inflation has rigged the capital markets.” Continue reading →

Bill Bonner: All Hell Breaks Loose!

“The Dow fell -353 points. Gold lost $87 an ounce. What does this tell us? It shouts a warning: Ben Bernanke is losing control. He desperately wants inflation. He’s getting deflation instead. He wants low interest rates; yet rates are rising. Bernanke is now getting the worst kind of deflation – sluggish price increases against a backdrop of rising interest rates. This is the exact opposite of what the Fed wants… and needs. Its strategy is to hold interest rates down while it pushes up consumer and asset prices. Instead, the debt gets heavier as yields rise. Backs ache. Legs buckle. Nerves crack.” Continue reading →

David vs Goliath ~ An After Action Report

“Next time someone says the Tea Party is insignificant, tell them to ask Israel.” Thursday, a true David and Goliath story unfolded at the Capitol. Limited government activists, managed a stunning upset when the Senate adjourned without voting on the Medicaid Expansion bill (HB 4714) ,despite a frenzy of lobbying by Governor Snyder and …

Bloomberg anti-gun group apologizes for calling alleged Boston bomber, shot by police, a ‘victim’

“A gun control group founded by New York Mayor Michael Bloomberg apologized Wednesday for mistakenly including one of the alleged Boston marathon bombers in a list of people killed by gun violence since the massacre in Newtown, Connecticut. That list was delivered to Sen. Kelly Ayotte’s (R-NH) office amid a protest organized by Mayors Against Illegal Guns, which targeted the New Hampshire Republican for her vote against gun control regulations proposed by the White House. Tamerlan Tsarnaev was killed in an April shootout with police.” Continue reading →

Ted Cruz: Will Obama do background checks before giving arms to Syrian rebels?

“In a tweet called the ‘zinger of the day’ by Twitchy, Sen. Ted Cruz, R-Texas, wondered Tuesday if President Obama would conduct background checks before giving arms to Syrian rebels. ‘Anyone know if President Obama intends to perform background checks on the Syrian rebels before providing them weapons?’ he asked. As of this writing, the short message has been retweeted 6,480 times. Polls released Monday show that an overwhelming majority of Americans do not support plans to arm the rebels, Breitbart.com said. Part of the problem, John Nolte said, is ‘the fear that the new boss will be an awful lot like the old boss.'” Continue reading →

Bill Bonner: How to Disappear Without a Trace

“Twelve years ago – when the ‘homeland’ was first invented (a smooth adaptation of Hitler’s ‘fatherland’) and TSA agents began frisking grandmothers – the whole thing seemed like a joke. It looked as though America’s leaders had gotten themselves into a hysterical panic. They thought al-Qaida really existed… that there were terrorist sleeper cells in every hamlet and burg… and that these infiltrators were about to wreak havoc on the nation. It was a preposterous lie, but we figured they’d come to their senses soon. Instead of coming to their senses, America’s leaders began to see the advantage of a war that could neither be won nor lost.” Continue reading →

New Details on Skype Eavesdropping; Program Started In 2009

“Reread that Skype denial from last July, knowing that at the time the company knew that they were giving the NSA access to customer communications. Notice how it is precisely worded to be technically accurate, yet leave the reader with the wrong conclusion. This is where we are with all the tech companies right now; we can’t trust their denials, just as we can’t trust the NSA — or the FBI — when it denies programs, capabilities, or practices. Back in January, we wondered whom Skype lets spy on their users. Now we know.” Continue reading →