Note: I’m here in San Diego County in my new/old 39 foot Chevy Motorhome. I can’t get a signal for my Verizon LG smartphone (I’ll be taking a spin in my Ford Explorer in search of a signal; my VOIP phone, magicjack requiring a broadband connection, is currently not up except for voicemail). The radio reception is also limited which led me to ‘sample’ some limited AM offerings which included shallow sean hannity the hallmark of insanity, and ‘rush revere’ [limbaugh… he’s totally burned out (the consequence of his being ‘tired of carrying the water for the republican party’? - his own words), relegated now to authoring children’s illustrated books of a simplistic nature]. Shallow sean’s latest ‘crusade’ (beyond the same note/key obvious debacle of wobamacare) was defense of the indefensible mobster but friend of sean’s, donald trump (trump should be in jail). In defense of t_rump, he offers up the itsy-bitsy, teeny weeny wohlman skating rink project as evidence of t_rump’s contribution to NYC (too small for high new york priority given the magnitude of New York substantial problems, some largely the result of trumpish tastes, ie., solid gold trump tower fixtures, etc., that trump’s ‘pre-packaged bankrupcies’ seem to fail to touch, and which extravagance must be paid for by someone, but not him). Shallow sean’s excoriation of new york city never seems to link the obviousness of t_rump’s grandstanding responsibility for same. After all, someone ultimately has to pay for trump’s disproportionate non-value-added livin’ large. No talk of trump’s ingratiating bribe strategy for protection ( ie., retainer’s to law firms linked to state attorney generals, viz., {kimmelman} wolf and sampson, chris droney’s brother, his sister’s protection/corruption and quid pro quo from the federal bench, etc., and as well, protection of drug-money laundering through his now nominal only casinos … See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf  http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm  http://albertpeia.com/fbimartinezcongallard.htm  .  Trump’s a fraud! I won’t be listening to ‘rush revere’ or shallow sean prospectively. They’re a waste of time and preposterous given their unbridled support of war criminals bush, cheney, etc., and the failed debacles they created, etc……

 

 

 

The Cat recommends the following video:

 

http://www.youtube.com/watch?feature=player_embedded&v=DBNYwxDZ_pA

 

{ The Cat dispatching this archaic reptilian remnant of an extinct species. Yet, doesn’t the ill-fated croc seem to be smiling a typically wide grin as if to say, ‘he’s glad to be done-in by such a noble creature as the Cat’ (as opposed to lesser species including all forms of apes and their progeny, potentially even winding up as a pocket-book, belt, or pair of shoes). Yes, there’s a place in the universe for Cats! }

 

 

 

 

THe VoMiT...

Submitted by williambanzai7 on 12/01/2013

 

 

 

 

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Commemorative Prints Now Available: [email protected]

 

 

 

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QE CHRiSTMaS WiTH KRuGMaN...

Submitted by williambanzai7 on 12/03/2013

 

 

 

 

Weekend Krugman

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Another Hedge Fund Legend Returns Cash To Investors Due To "Lack Of Investment Opportunities" 

{ Wow! What a wise and intelligent money manager! }

Submitted by Tyler Durden on 12/04/2013 - 16:03

While hardly as spectacular as Hugh Hendry's supernova flameout, or the far more boring, slow motion conversion of the assorted other famous and less famous bears, a legendary hedge fund titan has decided he too has no use for excess capital in this broken market. No surprise then that Institutional Investors' Alpha reports that Baupost's Seth Klarman is returning $4 billion in capital to investors for only the second time in its history due to "a lack of investment opportunities." And watching how the epic farce that Bernanke's wealth effect known as the Stalingrad & Poorski trades in the last 30 minutes of every day nobody can blame him. And no, Klarman is not returning cash due to some hidden underperformance: "Baupost’s many partnerships were up 13 percent, on average, through the September quarter. Its annualized return since inception is in the high teens." This happens to push it in the top decile of all hedge funds in 2013.

 

ONLY FRoM OBaMCO...

Submitted by williambanzai7 on 12/02/2013

 

 

 

 

 

HaNK'S ReSTauRaNT...

Submitted by williambanzai7 on 11/28/2013

 

HANK’S RESTAURANT

(Arlo Guthrie--Alice’s Restaurant)

Adapted by WilliamBanzai7

 

This song is called Hank’s Restaurant,

and it’s about Hank,

and the restaurant,

but Hank’s Restaurant is not the name of the restaurant,

that’s just the name of the song,

and that’s why I called the song Hank’s Restaurant.

You can take anything you want from Hank’s Bailout Restaurant

You can take anything you want from Hank’s Bailout Restaurant

Walk right in it’s around the back

Just a half a mile from the Federal Reserve Bank

You can take anything you want from Hank’s Bailout Restaurant

Now it all started Hanksgiving Day 2008

when my friend Fabulous Fab and I went up to visit Hank at the restaurant,

but Hank doesn’t like sittin in there,

he likes sittin near a fella named Blankfein in Goldman Sachs’ Wall Street office,

in a big glass tower.

And being in a tower like that,

they got a lot of room downstairs.

Havin’ all that room,

they decided that they didn’t have to take out their subprime garbage for a long time.

We got up there,

we found all the toxic subprime garbage in there,

and we decided it’d be a friendly gesture for us to take the garbage down to the Federal Reserve shitty deal dump, Maiden Lane.

So my friend and I took the $700 billion tons of subprime garbage,

put it in the back of a red Humvee stretch limo, including CDSs and CDOs and other implements of financial

mass destruction and headed on toward the Maiden Lane shitty deal dump.

Well we got there and there was a big sign and a chain across across the dump saying,

"By order of Emperor Benron--No Dumping on Hanksgiving."

And we had never heard of a shitty deal dump closed on Hanksgiving before,

and with tears in our eyes we drove off into the sunset looking for another place to put the toxic asset garbage.

We didn’t find one.

Until we came to a side road,

and off the side of the side road there was another financial black hole hole and at the bottom of the hole there was

a big pile of Wall Street garbage, offering circulars, stress tests, analyst reports, mortgage notes and such.

And we decided that one big pile is better than two little piles,

and rather than bring that one up we decided to throw our’s down.

That’s what we did, and drove back to the restaurant,

had a Thanksgiving dinner that couldn’t be beat,

went to sleep and didn’t get up until the next morning,

when we got a phone call from Porn Commissioner Cox.

He said, "Kid, we found your name on an Abacus offering circular at the bottom of a half a ton of shitty deals,

and just wanted to know if you had any information about it."

And I said, "Yes, sir, Mr. Porn Commissioner,

I cannot tell a lie, I put that Abacus offering circular under that garbage."

After speaking to Porn Commissioner Cox for about fourty-five minutes on the telephone we finally arrived at

the truth of the matter and said that we had to go down and pick up the subprime garbage,

and also had to go down and speak to him at the Porn Commission’s NY Regional office.

So we got in the red Humvee Limo with the CDOs and CDSs and implements of financial mass destruction and

headed on toward the Porn office upstairs at Score’s.

Now friends, there was only one or two things that the Commissioner coulda done at the Porn office,

and the first was he could have shown us some hot porn tubes of Mary Schapiro doin the deed,

which wasn’t very likely, and we didn’t expect it,

and the other thing was he could have bawled us out and told us never to be seen driving toxic asset backed

garbage around the vicinity of Wall Street again,

which is what we expected,

but when we got to the Porn Commission’s office there was a third possibility that we hadn’t even counted upon,

and we was both immediately arrested.

Handcuffed.

And I said Mr. Porn Commissioner sir, I don’t think I can pick up the toxic garbage with these handcuffs on.

He said, "Shut up, kid. Get in the back of the car."

And that’s what we did, sat in the back of the car and drove to the quote Scene of the Crime unquote.

I want tell you about Wall Street, where this happened here, they got three Federal regulators, the SEC, the

CFTC and the FBI, but when we got to the Scene of the Crime there was all kinds of Black Ops people running

around,

this being the biggest financial crime of the last five consecutive Wall Street trading days,

and everybody wanted to get in the newspaper story about it.

And the TSA, they was using up all kinds of equipment that they had hanging around the anti-traveler unit.

They was taking plaster tire tracks, finger prints, dog smelling prints, and they took twenty seven eight-by-ten

glossy back scatter scans with circles and arrows and a paragraph on the back of each one explaining what each

one was to be used as evidence against us.

Took scans of the approach, the getaway, the northwest corner the southwest corner and that’s not to

mention the aerial drone photography.

After the ordeal, we went back to the jail.

Porn Commissioner Cox said he was going to put us in the cell. Said,

"Kid, I’m going to put you in the cell, I want your wallet and your belt."

And I said, "I can understand you wanting my wallet so I don’t have any money to spend in the cell,

but what do you want my belt for?"

And he said, "Kid, we don’t want any hangings."

I said, "did you really think I was going to hang myself for financial intermediation?"

Porn commissioner Cox said he was making sure,

and friends the Porn Commissioner was,

cause he took out the toilet seat so I couldn’t hit myself over the head and drown,

and he took out the toilet paper so I couldn’t bend the bars roll out the – roll the toilet paper out the window,

slide down the roll and have an escape.

The PornCommissioner was making sure,

and it was about four or five hours later that Hank (remember Hank? It’s a song about Hank),

came by and with a few nasty words to Porn Commissioner Cox on the side,

Bailed us out using Federal taxpayer money,

and we went back to the restaurant,

had a another Hanksgiving dinner that couldn’t be beat!!

You can take anything you want, from Hank’s Bailout Restaurant

You can take anything you want, from Hank’s Bailout Restaurant

Walk right in it’s around the back

Just a half a mile from the Federal Reserve Bank

You can take anything you want, from Hank’s Bailout Restaurant

 

WB7: This is my favorite Thanksgiving song. It is also the only one I know.

Arlo Authrie, if you don’t know him, is the son of Woody Guthrie, a famous folk singer who was no friend of Wall Street.

I originally did this version of Alice’s Restaurant in September 2008. This is my updated version, which is really an excuse for me to play this song for you and to once again say…

HAPPY HANKSGIVING ALL!!

WB7

 

 

 

 

BLaCK FRiDaY MaLL CaM...

Submitted by williambanzai7 on 11/29/2013

 

 

Animal studies made famous by John Calhoun (1962) show that crowding in the animal world results in what he calls the "behavioral sink."

Human studies made famous by Dr Satoshi Nakamura show that intensive rounds of Keynesian money printing  in the financial world result in what he calls the "Walmart sink" and what Dr Ben Bernanke calls the "Kitchen Sink".

 

 

 

BaKe A BoNe...

Submitted by williambanzai7 on 11/25/2013

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Bernanke is printing out bones

His favorite's the one for Dow Jones

Her Keynesian schooling

Has Old Yellen drooling

As she licks her androgynous zones

The Limerick King

 

 

 

 

THe WReCK OF THe USS OBaMaCaRe...

Submitted by williambanzai7 on 11/18/2013 13:45 -0500

 

 

 

 

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LiaR OF THe JeKYLL...

Submitted by williambanzai7 on 11/19/2013

 

“TO BIT OR NOT TO BIT”
WilliamBanzaiShakespeare

To Bit, or not to Bit: that is the question:
Whether ’tis nobler in the mind to suffer
The slings and arrows of outrageous fiat distortions,
Or to take arms against a sea of endless bubbles,
And by opposing end them? To die: to sweep;
No more; and by a sweep to say we end
The heart-ache and the thousand Wall Street schtupps
That insolvent flesh is heir to, ’tis a con-flagellation
Devoutly to be dish’d. To die, to sweep;
To sweep: perchance to scream: ay, there’s the hubub;
For aft that sweep of bankster dregs what new reams may come?
When we have shuffled off the immoral coinage,
Must give us pause: there’s the hazard of moral neglect
That makes calamity of sound money life;
For who would bear the whips and scorns of fiat debasement ,
The oppressor’s wrong, the borrowing idiot's contumely,
The pangs of despised austerity, the law of gravity's delay,
The insolence of central banking office and the spurns
That impatient murmur of money changing snakes,
When he himself might his quietus make
With a Benjamin Bernankin? who would QE fardels bear,
To grunt and sweat under a weary life of indebtured servitude,
But that the dread of something after redemption prior to maturity,
The undiscovered monetary wasteland from whose bourn
Are no asset returns, puzzles the will
And makes us rather bear those monetary ills we have
Than fly to others that we know not much of?
Thus risk avoidance does make cowards of us all;
And thus the creative hue of fiscal revolution
Is sicklied o’er with the pale cast of doubt,
And genius enterprises of great pith and moment
With this regard alternative currencies turn awry,
And lose the name of action.–Soft you now!
And now the Bitcoin hysteria…
While Banksta pimps 'r in thy orfices
Be all our financial sins and cowardices priced in.

 

 

Fake Employment Numbers – And 5 More Massive Economic Lies The Government Is Telling You

According to a whistleblower that has recently come forward, Census employees have been faking and manipulating U.S. employment numbers for years.  In fact, it is being alleged that this manipulation was a significant reason for why the official unemployment rate dipped sharply just before the last presidential election.  What you are about to read is incredibly disturbing.  The numbers that the American people depend upon to make important decisions are being faked.  But should we be surprised by this?  After all, Barack Obama has been caught telling dozens of major lies over the past five years.  At this point it is incredible that there are any Americans that still trust anything that comes out of his mouth.  And of course it is not just Obama that has been lying to us.  Corruption and deception are rampant throughout the entire federal government, and this has been the case for years.  Now that some light is being shed on this, hopefully the American people will respond with overwhelming outrage and disgust. (Read More....)

 

 

 

HeaLTHCaRe BDSM

Submitted by williambanzai7 on 11/15/2013 10:28 -0500
 

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INTRoDuCiNG WiLLiaMBaNZai7'S SPeCiaL EDiTioN oF HoLiDaY PuKeS...

Submitted by williambanzai7 on 11/13/2013 14:47

 

 

Here they are. WilliamBanzai7's Special Holiday Puke Fine Art Print Editions just in time for the Christmas Holidays…

 

 

 

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Dear Friends,

Here before you is a truly historic series of images that I have painstakingly adapted to the current state of sordidly odiferous political/financial affairs.

Years from now, there will be little doubt over what the artist was seeing and thinking contemporaneously in the year 2013.

I am not going to oversell these pictures. They speak for themselves.

They also demonstrate how history truly rhymes on Wall Street.

I have all of these in very large high resolution files. So every print will match the highest standards of fine art print production.

As you can see, I have departed from normal practice by offering these prints in an assortment of sizes. I have done this solely to maximize your

participation by spreading price points. Bear in mind that the amount of personal time and effort involved is the same irrespective of print size.

Each print will be signed, numbered and dated December 25, 2013.

I know that many of you are suffering various levels of economic hardship in these trying times. As is always the case, you are free to print these off for your own personal use.

I truly appreciate all the the moral and financial support that I receive from all of you.

As you know, the primary reason that I am doing these prints is to signify my gratitude in return for your generous support for my endeavors.

It is my sincerest wish that the situation will  turn sooner than later so that each and everyone of us can return to personal prosperity.

Best wishes to you all,

And Fuck You Ben Bernanke!

WB7

 

 

THiS TWeeT Is DiFFeReNT!

Submitted by williambanzai7 on 11/12/2013

 

 

 

A List Of 23 Famous Obama Quotes That Turned Out To Be Broken Promises Or Cold-Hearted Lies

 

 

 

How many lies can one president tell and still retain any credibility?  What you are about to see is absolutely astounding.  It is a long list of important promises that Barack Obama has broken since he has been president.  If he had only told a few lies, perhaps the American people would be willing to overlook that.  After all, pretty much all of our politicians our liars.  Unfortunately, many of the lies that Obama has told appear to have been quite cold-hearted in nature.  For example, Barack Obama repeatedly made the promise that “you will be able to keep your health care plan” under Obamacare.  But now we are learning that he knew that this was a lie all along.  Not only that, the Democrats in Congress knew that this was a lie all along too.  In fact, U.S. Senator Kirsten Gillibrand, a Democrat, said the following when she was asked about Obama’s promise to the American people recently: “He should’ve just been specific. No, we all knew.”  You can see video of her making this statement right here.  The truth is that they all knew that millions upon millions of Americans would lose their current health care policies under Obamacare.  They deliberately lied just so that they could get the law passed.

And of course this is far from the only major lie that Obama has told in recent years.  The following is a list of 23 famous Obama quotes that turned out to be broken promises or cold-hearted lies…

#1 “If you like your doctor, you will be able to keep your doctor. Period. If you like your health care plan, you will be able to keep your health care plan. Period. No one will take it away. No matter what.”

#2 “My administration is committed to creating an unprecedented level of openness in government.”

#3 “We agree on reforms that will finally reduce the costs of health care. Families will save on their premiums…”

#4 “I don’t want to pit Red America against Blue America. I want to be the president
 of the United States of America.”

#5 “We’ve got shovel-ready projects all across the country that governors and mayors are pleading to fund. And the minute we can get those investments to the state level, jobs are going to be created.”

#6 “And we will pursue the housing plan I’m outlining today. And through this plan, we will help between 7 and 9 million families restructure or refinance their mortgages so they can afford—avoid foreclosure.”

#7 “I will sign a universal health-care bill into law by the end of my first term as president that will cover every American and cut the cost of a typical family’s premium by up to $2,500 a year.”

#8 “We reject the use of national security letters to spy on citizens who are not suspected of a crime.”

#9 “For people with insurance, the only impact of the health-care law is that their insurance is stronger, better, and more secure than it was before. Full stop. That’s it. They don’t have to worry about anything else.”

#10 “We will close the detention camp in Guantanamo Bay, the location of so many of the worst constitutional abuses in recent years.”

#11 “Allow Americans to buy their medicines from other developed countries if the drugs are safe and prices are lower outside the U.S.”

#12 “We will revisit the Patriot Act and overturn unconstitutional executive decisions issued during the past eight years.”

#13 “Will ensure that federal contracts over $25,000 are competitively bid.”

#14 “We reject sweeping claims of ‘inherent’ presidential power.”

#15 “Will eliminate all income taxation of seniors making less than $50,000 per year. This will eliminate taxes for 7 million seniors — saving them an average of $1,400 a year– and will also mean that 27 million seniors will not need to file an income tax return at all.”

#16 “We support constitutional protections and judicial oversight on any surveillance program involving Americans.”

#17 “If we have not gotten our troops out by the time I am president, it is the first thing I will do.  I will get our troops home, we will end this war.  You can take that to the bank.”

#18 “Will not sign any non-emergency bill without giving the American public an opportunity to review and comment on the White House website for five days.”

#19 “The President does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation.”

#20 “We have a choice in this country. We can accept a politics that breeds division and conflict and cynicism…. That is one option. Or, at this moment, in this election, we can come together and say, ‘Not this time….’”

#21 “We’ve got to spend some money now to pull us out of this recession. But as soon as we’re out of this recession, we’ve got to get serious about starting to live within our means, instead of leaving debt for our children and our grandchildren and our great-grandchildren.”

#22 “[T]oday I’m pledging to cut the deficit we inherited in half by the end of my first term in office. This will not be easy. It will require us to make difficult decisions and face challenges we’ve long neglected. But I refuse to leave our children with a debt that they cannot repay – and that means taking responsibility right now, in this administration, for getting our spending under control.”

#23 “I, Barack Hussein Obama, do solemnly swear that I will execute the office of president of the United States faithfully, and will to the best of my ability, preserve, protect, and defend the constitution of the United States.”

About the author: Michael T. Snyder is a former Washington D.C. attorney who now publishes The Truth. His new thriller entitled “The Beginning Of The End” is now available on Amazon.com.

 

 

By Unilaterally Changing Obamacare, Obama Is Making A Mockery Of The Constitution

Since when can a president change a law all by himself?  By unilaterally declaring that certain provisions of Obamacare will not be enforced, Barack Obama is making a mockery of the U.S. Constitution.  For those that have not read it, the U.S. Constitution says that the president “shall take Care that the Laws be faithfully executed“.  So when Obama declares that he will not enforce certain provisions of Obamacare for a year, he is directly violating the Constitution.  And as Stanford Law School Professor Michael McConnell wrote back in July, the Office of Legal Counsel for the Justice Department “has always insisted that the president has no authority, as one such memo put it in 1990, to ‘refuse to enforce a statute he opposes for policy reasons.’”  This is an open and shut case.  If the U.S. Congress still had a shred of respect for the Constitution, they would immediately demand that Obama enforce the law as written.  If Obama refused, they should immediately impeach him.  We are a country that is run by the rule of law, and just because Obama’s new law completely screws up one-sixth of the economy does not mean that he can unilaterally change it.  In our system, Congress makes the laws and the president enforces them.  If we allow any president to unilaterally change laws whenever he does not like them, then that puts us dangerously close to having a dictator in the White House. (Read More.....)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Atheist 'mega-churches' take root across US, world  { They are intellectually dishonest, disingenuous, and most importantly, absolutely wrong. Quite simply, atheists are pathetic! }

It looked like a typical Sunday morning at any mega-church. Several hundred people, including families with small children, packed in for more than an hour of rousing music, an inspirational talk and some quiet reflection. The only thing missing was God. ... 

 

 

 

 

 

 

Knox's knife DNA casts doubt on murder weapon

U.S. student Amanda Knox's defense got a boost last week when a new DNA test on a kitchen knife failed to conclusively prove that it was the murder weapon used to kill her British roommate. ... 

 

{ I’ve had occasion to read the well-written book ‘Murder in Italy’ by award-winning italian-american author, Candace Dempsey, which documents the horrific travesty called ‘italian justice’ (actually blatant injustice) torturously imposed upon Amanda Knox et als (rudy guede excepted). So outrageous but typical of these typical italians ( like packs of the rabid dogs they are pre-disposed to be). (Parenthetically, my grandparents, both of whom I loved and respected – Elsie/Nanny, Bari, Italy and Martin/Mario/PopPop (Peia), Lake Como, Italy – were not typical as such; but rather, thoroughly modern in all respects relative to time and extremely civilized in a manner to be emulated … although, truth be told, I found italians with mob/mafia links/connections/sympathies to be like those rabid perugians/italians who outrageously pilloried Amanda Knox, See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf  http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm      http://albertpeia.com/fbimartinezcongallard.htm   ) }

 

 

 

 

 

 

I HaVe HaZ ENuFFS!!!

Submitted by williambanzai7 on 11/16/2013 22:04 -0500

 

 

 

 

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Collecting Donations For Wal-Mart Employees That Cannot Afford Thanksgiving Dinner?

You may find what is happening at one Wal-Mart in Ohio very hard to believe.  At the Wal-mart on Atlantic Boulevard in Canton, Ohio employees are being asked to donate food items so that other employees that cannot afford to buy Thanksgiving dinner will be able to enjoy one too.  You can see a photo of the donation bins that has been posted on Twitter right here.  On the one hand, it is commendable that someone at that Wal-Mart is deeply concerned about the employees that are so poor that they cannot afford to buy the food that they need for Thanksgiving.  On the other hand, this is a perfect example that shows how the quality of the jobs in this country has gone down the toilet.  Wal-Mart is the largest employer in the United States and it had operating income of 26.5 billion dollars last year.  Wal-Mart is not required to pay their employees a decent wage, and it is very unlikely that anyone will force them to.  But they should.  Because Wal-Mart does not pay decent wages to their employees, the rest of us end up with the bill.  As you will see below, huge numbers of Wal-Mart employees end up on Medicaid and other government assistance programs.  Meanwhile, those that control Wal-Mart continue to enjoy absolutely massive profits. (Read More....)

 

 

 

 

 

 

 

Obamacare: The Final Nail In The Coffin For The Middle Class

If there were any shreds of hope left that the stunning decline of the middle class could be turned around, Obamacare has absolutely destroyed them.  Over the past decade or so, the middle class in the United States has been absolutely eviscerated.  The number of working age Americans without a job has increased by 27 million since the year 2000, median household income in the U.S. has fallen for five years in a row, and the poverty numbers in this country are spiraling out of control.  And now here comes Obamacare.  As you will see below, Obamacare is causing millions of Americans to lose their current health insurance policies, it is causing health insurance premiums to explode to absolutely ridiculous levels, and it is systematically killing jobs even though the employer mandate has been delayed for a while.  All of this is creating a tremendous amount of stress for millions of middle class families that are already stretched extremely thin financially.  According to CNN, a survey that was conducted earlier this year found that 76 percent of all Americans are living paycheck to paycheck.  Most of those families simply cannot afford to pay much higher health insurance premiums for new policies that also come with much larger deductibles and significantly increased out-of-pocket costs.  Millions of those families will ultimately end up choosing to do without health insurance altogether, and that will create a whole host of new problems.  This is a disaster that is so enormous that it is really hard to put into words.  If the U.S. health care system was a separate country, it would be the 6th largest economy on the entire globe all by itself.  And now Obamacare is going to bring the entire U.S. health care system to its knees. (Read More....)

 

 

 

 

 

 

 

 

The Federal Reserve Is Monetizing A Staggering Amount Of U.S. Government Debt

The Federal Reserve is creating hundreds of billions of dollars out of thin air and using that money to buy U.S. government debt and mortgage-backed securities and take them out of circulation.  Since the middle of 2008, these purchases have caused the Fed's balance sheet to balloon from under a trillion dollars to nearly four trillion dollars.  This represents the greatest central bank intervention in the history of the planet, and Janet Yellen says that she does not anticipate that it will end any time soon because "the recovery is still fragile".  Of course, as I showed the other day, the truth is that quantitative easing has done essentially nothing for the average person on the street.  But what QE has done is that it has sent stocks soaring to record highs.  Unfortunately, this stock market bubble is completely and totally divorced from economic reality, and when the easy money is taken away the bubble will collapse.  Just look at what happened a few months ago when Ben Bernanke suggested that the Fed may begin to "taper" the amount of quantitative easing that it was doing.  The mere suggestion that the flow of easy money would start to slow down a little bit was enough to send the market into deep convulsions.  This is why the Federal Reserve cannot stop monetizing debt.  The moment the Fed stops, it could throw our financial markets into a crisis even worse than what we saw back in 2008. (Read More....)

 

 

 

 

Americans Are Disgusted By BOTH Republicans and Democrats Posted by : George Washington Post date: 10/11/2013 - 60% of Americans Want a Third Party Candidate for 2016  { Make that a ‘Second Party Candidate’ since there seems to be a morphed one party which could be aptly called the repdemolicansocrats which has supported failure, obama’s failure, ultimately at every turn, though contraindicated, favoring that 1% with their ‘non-plan plan’ which has somewhat obfuscated wobama’s unequivocal failure in terms of selling the sizzle ( like Zimbabwee, soaring inflation/asset bubbles/paper share prices, etc.) … Bob Woodward did not mince words in positing blame with wobama …  Yet, the incompetence/corruption is pervasive which is my direct observation and experience … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf      http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm       http://albertpeia.com/fbimartinezcongallard.htm    }

 

 

 

 

 

 

 

 

 

 

 

 

 

 

China Announces That It Is Going To Stop Stockpiling U.S. Dollars

China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States.  The central bank of China has decided that it is "no longer in China’s favor to accumulate foreign-exchange reserves".  During the third quarter of 2013, China's foreign-exchange reserves were valued at approximately $3.66 trillion.  And of course the biggest chunk of that was made up of U.S. dollars.  For years, China has been accumulating dollars and working hard to keep the value of the dollar up and the value of the yuan down.  One of the goals has been to make Chinese products less expensive in the international marketplace.  But now China has announced that the time has come for it to stop stockpiling U.S. dollars.  And if that does indeed turn out to be the case, than many U.S. analysts are suggesting that China could also soon stop buying any more U.S. debt.  Needless to say, all of this would be very bad for the United States. (Read More....)

 

 

Obamacare Is Going To Be The Biggest Expansion Of The Welfare State In U.S. History

Can the U.S. government afford to pay for the health care of 38 million more people?  As you will see below, Obamacare is going to be the biggest expansion of the welfare state in U.S. history.  It is being projected that a decade from now 17 million Americans will be receiving Obamacare subsidies and an additional 21 million Americans will have been added to the Medicaid rolls.  At a time when we are already running trillion dollar deficits, is this really something that the government should be taking on?  In addition, it is being projected that bringing millions upon millions of new people into the Medicaid program will also cause enrollment in many other federal welfare programs such as food stamps to surge.  Right now, the percentage of Americans that are financially dependent on the U.S. government is already at an all-time high, and Obamacare is going to cause the level of government dependence to go much, much higher.  But how much weight can the “safety net” actually carry before it breaks entirely? (Read More.....)