What Could Possibly Go Wrong

Annual Medicare Subsidy Per Enrolled Member, 2011: $12,000

"Few voters know what the average Medicare beneficiary receives each year. This rises every year. It was about $11,000 in 2008. In 2011, it was $12,000. Americans become eligible at age 65. Beginning in the year 2010, the baby boomers began to reach age 65. They were born in 1946, the year after World War II ended. The birth rate soared. It did not reverse until 1958. There is no question what is going to happen to Medicare. It is today the #1 government expense: 23%. This percentage will be over 50% before the boomers depart, unless Medicare is abandoned by younger voters in a great default." Continue reading →

Continue ReadingAnnual Medicare Subsidy Per Enrolled Member, 2011: $12,000

McCain’s Moderates Join Al-Qaeda

"Now this week the final strategic pillar of McCain and the neocons has come crashing to the ground. Critical elements of the ever-shrinking 'moderate' Free Syrian Army have this week pledged their loyalty to the local al-Qaeda franchise in Syria, which happens to be on the US terror list. How can President Obama, McCain, Lindsay Graham, Samantha Power, John Kerry, and the rest of the neoconservatives and humanitarian interventionists continue to justify sending weapons of war to such people? How is it possible that a 'global war on terror' has morphed into a 'global effort to arm terrorists'? Does it not seem rather insane?" Continue reading →

Continue ReadingMcCain’s Moderates Join Al-Qaeda

Cyprus-Style Wealth Confiscation Starting To Happen All Over The Globe

"Private pension funds were just raided by the government in Poland, and a 'bail-in' is being organized for one of the largest banks in Italy. Unfortunately, this is just the beginning. The precedent that was set in Cyprus is being used as a template for establishing bail-in procedures in New Zealand, Canada and all over Europe. It is only a matter of time before we see this exact same type of thing happen in the U.S. as well. From now on, anyone that keeps a large amount of money in any single bank account or retirement fund is being incredibly foolish. Let's take a look at a few of the examples of how Cyprus-style wealth confiscation is now moving forward all over the globe." Continue reading →

Continue ReadingCyprus-Style Wealth Confiscation Starting To Happen All Over The Globe

A Tale of Two Giants: The Elephant and the Dragon

"China and India are developing countries with vast growth potential. However, amid a liquidity boom, they over-marketed their potential, and nurtured and enjoyed a bubble ride. Their governments felt lucky and hoped that they could grow out of all their problems. Of course, bubbles cover up problems for a time and make them bigger after. As the global liquidity boom unwinds, investors need a better story to stay in emerging markets. Too much money around was good enough before. Now China and India need to convince investors that they can revive growth without a global liquidity boom." Continue reading →

Continue ReadingA Tale of Two Giants: The Elephant and the Dragon

Ex-World Bank Counsel: Lawlessness when USD Loses Reserve Status

"Karen Hudes, a former 20 year employee of the World Bank, contends the U.S. credit rating is on very dubious ground. Hudes says, 'This is actually an underhanded move because they know the U.S. dollar is going to lose its status as an international currency.' What would that look like to the man on the street? Hudes predicts, 'Prices would change on a daily basis. They would double. The number of families that would be employed would be in the minority . . . there would be lawlessness.' Join Greg Hunter as he goes One-on-One with former World Bank lawyer Karen Hudes." Continue reading →

Continue ReadingEx-World Bank Counsel: Lawlessness when USD Loses Reserve Status

The Larger the Deficit, the Greater the Default

"There will be a day of reckoning, of course. There always is. But a majority of voters at that time will be sure to see to it that previous lenders will suffer the losses. There will be a Great Default. The lenders will cry: 'But you promised.' And the borrowers will cry: 'That’s life in the land of Keynes. In the long run, we’re all dead. You go first.' The big losers will be the suckers who lent Uncle Sam the money. The biggest lenders are those who trust the federal government to pay their retirement bills, including medical bills. Those who believe in the welfare state will be the biggest losers. They have believed in something for nothing. They will get left with a pile of IOUs and a note: 'Sorry, Charlie.'" Continue reading →

Continue ReadingThe Larger the Deficit, the Greater the Default

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?

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 →

Continue ReadingData Broker Giants Hacked by ID Theft Service

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

Obamacare ‘SHOP’ Web Based Sign Up Won’t Be Ready Until 2014

"A senior lobbyist at a medical association informs EconomicPolicyJournal.com that 'the SHOP exchange for small businesses to purchase insurance for their employees will require employers to sign up using paper forms. The ability to sign up using an electronic or web-based form will not likely be ready until January 2014 at best. The industry was informed of this limitation one week ago.' EPJ's source also says that WaPo has it right when quoting Joel Ario, the former Director of Center for Consumer Information and Insurance Oversight, 'nobody is going to say we’re not starting on October 1, but in some situations, you may see a redefinition of what ‘start’ means.'" Continue reading →

Continue ReadingObamacare ‘SHOP’ Web Based Sign Up Won’t Be Ready Until 2014