Nov 19

Obama Supporters Meet Obamacare

The Beginning Of The End For The Affordable Care Act? Largest US Health Insurer May Exit ObamaCare:

Tracking the slow motion trainwreck of Obamacare has become one of our preferred hobbies: below is just a random sample of headlines covering just the most recent tribulations of the “we have to pass it to find out what’s in it” Unaffordable Care Act:

But the most surprising article we wrote was our explanation from three weeks ago explaining why “Your Health Insurance Premiums Are About To Go Through The Roof” showing that even insurance companies have been unable to earn a profit under Obamacare, as shown in the following chart: Continue reading »

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Nov 15

Meet The Family That Just Spent Half Its Annual Income Paying For Obamacare:

Not a week passes without some incremental revelation showing precisely what happens when Congress passes a bill just to see what’s in it.

Well, since the passage of the Affordable Care Act, also known as the Obamacare tax, we have watched in horror as shocker after shocker are revealed.

Some examples: Continue reading »

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Nov 08

obamacare will hurt

“$19,000 Premiums, Up 4x Since Passage”: The ‘Crippling Effect’ Of Obamacare On The Middle Class:

The past month has seen a veritable litany of reports that have slammed Obamacare, from sources on both the left and the right. Some examples:

As we have warned over the years, all of this was expected, and is precisely what happens when the government tries to take over a critical industry. It may have had “good intentions” but the result has been a total failure.

And nowhere is it seen better than from the laments of those whom it was supposed to benefit, such as Ed Elliott, who has laid out precisely what the “Affordable Care Act” means for the US: “This is crippling effect of ACA on small biz owners & middle class. $19000/yr premiums up 4x since passage.Continue reading »

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Nov 06

“Get Covered” America Or “Take Cover” America:

Isn’t it interesting the mainstream media makes barely a peep about the ongoing and worsening Obamacare debacle. Healthcare premiums, co-pays and deductibles are soaring, while doctor and plan choices contract to a minuscule level.


Source: Townhall

Recent surveys reveal the hardship being inflicted upon families across the nation. As The Burning Platform’s Jim Quinn details, those who are willfully baffled by the lack of consumer spending need look no further than Obamacare and its impact on the budgets of hard working Americans. Continue reading »

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Nov 03

surging premiums

Your Health Insurance Premiums Are About To Go Through The Roof -The Stunning Reason Why:

After years of delays and failed launches, Obamacare has finally taken hold, and with it the economic and financial implications from this mandatory tax are finally being felt.

We have extensively covered how Obama’s Affordable Care Act will end up being a failure,  observing both the economic implications in “In Latest Obamacare Fiasco, Most Low-Income Workers Can’t Afford “Affordable Care Act” as well as its operational shortcomings in “Obamacare Is A Disaster: Co-Op Insurers Across America Are Collapsing, And Now There Is Fraud“, paradoxically even as Obamacare – a tax – was according to the BEA the single biggest contributor to GDP growth in the third quarter. Continue reading »

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Oct 30

obamacare will hurt

Obamacare Is A Disaster: Co-Op Insurers Across America Are Collapsing, And Now There Is Fraud:

Two weeks ago we reported that in what at the time was still a rather isolated incident, Colorado’s largest nonprofit health insurer (aka co-op), Colorado HealthOP is abruptly shutting down, forcing 80,000 Coloradans to find a new insurer for 2016.

At the time, we said that the health insurer had been decertified by the Division of Insurance as an eligible insurance company because the cooperative relied on federal support, and federal authorities announced last month they wouldn’t be able to pay most of what they owed in a program designed to help health insurance co-ops get established. Continue reading »

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Oct 26


In Latest Obamacare Fiasco, Most Low-Income Workers Can’t Afford “Affordable Care Act”:

Just ten days ago we described the latest unintended (we hope) consequence of the Affordable Care Act known as Obamacare, when Colorado’s largest nonprofit co-op health insurer and participant in that state’s insurance exchange, Colorado HealthOP, announcing it was abruptly shutting down ahead of the November 1 start of enrollment for 2016, forcing 80,000 Coloradans to find a new insurer for 2016.

It wasn’t the first: the Colorado co-op was at least the fifth in the nation to collapse. Similar nonprofit insurers have already failed in Louisiana, Iowa/Nebraska, Nevada and New York. A health insurance cooperative in Tennessee announced this week that it would stop offering new policies. Continue reading »

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Oct 26

Paul Ryan Hires Lobbyist Who Pushed for Obamacare and the Trans-Pacific Partnership as His Chief of Staff:

Paul Ryan has a terrible record as a Congressman. I can’t for the life of me understand how anyone can support a guy who’s been wrong on so many important issues, such as voting for the Iraq War and the banker bailouts, jus to name a few.

Which is why no one should be surprised that the useless cadre of Republicans in the House of Representatives are about to make him Speaker. The transition from John Boehner should be flawless. Continue reading »

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Oct 16


Obamacare’s Latest Casualty: Largest Health Insurer On Colorado Exchange Abruptly Collapses:

This wasn’t supposed to happen.

With the mainstream media, at least the majority that is left of center, flooded with story after story touting Obamacare’s success, the news coming this morning from Denver that Colorado’s largest nonprofit health insurer and participant in that state’s insurance exchange Colorado HealthOP is abruptly shutting down, forcing 80,000 Coloradans to find a new insurer for 2016, was a slap in the face for the Obama administration’s crowning achievement.

According to AP, the health insurer announced Friday that the state Division of Insurance has de-certified it as an eligible insurance company. That’s because the cooperative relied on federal support, and federal authorities announced last month they wouldn’t be able to pay most of what they owed in a program designed to help health insurance co-ops get established.

Continue reading »

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Sep 29

The Stunning “Explanation” An Insurance Company Just Used To Boost Health Premiums By 60%:

“With advances in medical technology, prescription drugs and ways to treat injuries and illnesses, Americans are living healthier lives. [i.e., living longer] Because of these changes, we must adjust your premium to stay in line with increased costs.”

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Sep 24


Obama Promised Healthcare Premiums Would Fall $2,500 Per Family; They Have Climbed $4,865

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Sep 14

Obamacare Backfires – 400,000 Immigrants Lose Benefits

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Jul 15

Marilyn Tavenner

–  A Complete Farce: Ex-Obamacare Head To Lead Health Insurance Lobby (ZeroHedge, July 15, 2015):

If there was any doubt just who Obamacare was created to serve from day one (spoiler alert: it was never America’s population), we now have the answer and it is so simple, even a 5-year-old can get it. Moments ago Politico reported that former Medicare chief Marilyn Tavenner, and the infamous former administrator of the Centers for Medicare and Medicaid Services who was responsible for writing many of Obamacare’s rules and regulations for the insurance industry, only to be fired following the disastrous rollout of the enrollment website, has been hired as the new CEO of America’s Health Insurance Plans, the “powerful K Street lobbying group.

Cited by Politico, AHIP board chairman Mark Ganz in a statement that”There is no better individual than Marilyn to lead our industry through the increasingly complex health care transformation that is underway. She has the respect and trust of policymakers and stakeholders from all sides, and a personal commitment to advance meaningful solutions for improving access to quality, affordable care for all Americans.” Continue reading »

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Jul 06

Obamacare Sticker Shock Arrives: Insurance Premiums To Soar 20-40% (ZeroHedge, July 6, 2015):

Two months ago, we outlined why the CPI-boosting Affordable Care Act is on the verge of bankrupting that all important driver of the US economic growth engine — the American consumer.

Put simply, inflation in medical care services costs hadn’t yet reared its ugly head because many insurers were as yet unable to gauge the full base-effect impact of Obamacare on their P&L. That, we said, was about to change: “After finally digesting the true cost of Obamacare, any recent insurance prime hikes will seem like a walk in the park compared to what is coming.

Medical Care Services Inflation

Sure enough, insurers have now taken a close look at exactly how much socialized medicine is costing them.

Not surprisingly, the picture isn’t pretty. Continue reading »

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Jun 27


America’s Obamacare Nightmare Is Just Beginning (The National Interest, June 26, 2015):

This week the U.S. Supreme Court ruled that the federal government could continue to subsidize health-insurance coverage through, the federal exchanges. An ecstatic President Obama declared that Obamacare is “here to stay.”

No, it’s not.

A judicial victory doesn’t automatically translate into a political victory, let alone a policy success. Once they’ve quaffed their celebratory champagne, the president and White House staff will need to suit up and get ready to play some hard-nosed defense. Continue reading »

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Jun 25


“Most Liberal Supreme Court Since 1960s” Gives Obama Huge Victory With 6-3 Vote In Favor Of Obamacare (ZeroHedge, June 25, 2015)

The Supreme Court has ruled that people who bought healthcare coverage through federal exchanges as part of Obamacare can keep subsidies that effectively limit the amount low- and middle-income Americans pay for health insurance to 9.5% of their income or less.

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May 25

H/t reader M.G.:

“More from the WSJ….this time from the insurers point of view. Some greedy gut insurance companies are asking premium rates of over 50%……Obamacare put no limits on the amount of money they can charge. It just made it a crime for any American to go without coverage…… greedy guts a captive market of over 316 million people.
The IRS will go after anyone who defies this law, and the IRS has more financial power than any other government agency.
Found the link on Huffington Post……..”


Health Insurers Seek Hefty Rate Boosts (Wall Street Journal, May 21, 2015):

Major insurers in some states are proposing hefty rate boosts for plans sold under the federal health law, setting the stage for an intense debate this summer over the law’s impact.

In New Mexico, market leader Health Care Service Corp. is asking for an average jump of 51.6% in premiums for 2016. The biggest insurer in Tennessee, BlueCross BlueShield of Tennessee, has requested an average 36.3% increase. In Maryland, market leader CareFirst BlueCross BlueShield wants to raise rates 30.4% across its products. Moda Health, the largest insurer on the Oregon health exchange, seeks an average boost of around 25%.

All of them cite high medical costs incurred by people newly enrolled under the Affordable Care Act.

Obama Supporters Meet Obamacare Continue reading »

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May 06

May 5, 2015

Related info:

US Trade Deficit Soars To Worst Since Financial Crisis; Will Push Q1 GDP Negative

US Economy Grinds To A Halt, Again: Q1 GDP Tumbles Below Expectations, Rises Paltry 0.2%:

Without this epic stockpiling of non-farm inventory which will have to be liquidated at some point (and at a very low price) Q1 GDP would have been -2.5%.

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Apr 15


The one chart that proves Obamacare really is working (for the fascists) (ZeroHedge, April 14, 2015):

With the election cycle starting up again, we are going to be bombarded more and more with propaganda like this:  7 Charts That Prove Obamacare Is Working

I submit to you that, below, is the one chart that proves Obamacare really is working (for the fascists).

Since the Obama administration began pushing the healthcare reform bill in early 2009, the stock prices of the Big Five health insurers have done remarkably well, even vs. the S&P 500, and even without taking into account their phenomenal dividend yields.

Obamacare is working

Google Chart

Question: How many patients did Cigna, BCBS (Anthem), Aetna, United Healthcare, or Cigna diagnose or treat last month?  Last year?

Answer: Zero.

Continue reading »

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Mar 27


It’s Official: Americans Spent All Their “Gas Savings” On Obamacare (ZeroHedge, March 27, 2015):

Last quarter, when we showed what was “The Reason For The “Surge” In Q3 GDP”, some were shocked to learn that in the quarter in which US GDP posted a 5% surge, it was none other than Obamacare – a mandatory tax according to the Supreme Court which has the benefit of flowing through the US income statement – which contributed the bulk of this upside.

Final Q3 GDP contribution_2

We are happy, and we use the term loosely, that history has just repeated itself, and now that the final number is available, what we wrote a month ago in “Here Is What Americans Spent Their “Gas Savings” On” has just been confirmed, and as the chart below shows, in the final revision of Q4 GDP, while virtually every other category of household spending was largely unchanged or revised lower, it was Healthcare, of which Obamacare was the biggest contributor on the margin, which saw an unprecedented surge in total spending, from $1.858 trillion to $1.871.9 trillion just between the second and final GDP revisions: a bump of $13.9 billion, without which Q3 GDP would have grown well below 2%!

Obamacare Q4 GDp_1

It gets better, because in the fourth quarter total spending on healthcare in chained-dollars was a whopping $35.3 billion. An all time record! Continue reading »

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Mar 05

“There’s Going To Be Chaos” – What Is The Worst-Case Outcome Of Today’s Supreme Court Obamacare Hearing (ZeroHedge, March 4, 2015):

Today, for the second time since 2012, the fate of Obamacare lies in the hands of the Supreme Court, and like last time, it will likely be all about Justice John Roberts ‘ decision. Later today, the US Supreme Court will hear oral arguments in the case of King v. Burwell, the latest challenge to Obamacare, and one that could potentially leave it gutted from an unexpected direction. As a result, nearly eight million Americans could lose their health insurance depending on how the Supreme Court interprets four words in the “Affordable” Care Act.

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Feb 28

Here Is What Americans Spent Their “Gas Savings” On (ZeroHedge, Feb 27, 2015):

Last quarter, in “This Is What Americans Spent The Most Money On In Q4” we showed that according to the first estimate of Q4 GDP data, the American consumer spent a whopping $20.4 billion in nominal dollars on healthcare, which also resulted in the biggest consumption contribution to GDP in years.

Today, following the first revision of consumer spending, we learn that in the fourth quarter Americans spent even more on healthcare, pushing the total up by $1 billion more, to a whopping $21.4 Bn, or 18% of all spending on goods and services in Q4.

This upward revision on healthcare, of which Obamacare was the primary source of mandatory spending, takes places even as the bulk of the key spending line items were revised lower following the revision.

In any event, the math is clear – the next time anyone asks you what Americans spent their so-called “gas savings” on in Q4, and why retail sales in the end of 2014 (and the start of 2015) were so weak, show them this chart.

persona spending Q4 revised

Source: BEA






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Feb 25


Related info:

CDC Allegedly Falsifies Reports, Ignoring Up To 3,587 Miscarriages From H1N1 Swine Flu Vaccine

Shocking H1N1 Swine Flu Vaccine Miscarriage Stories From Pregnant Women


Forced Adult Vaccinations at Federal Levels Comment Period Now (Activist Post, Feb 20, 2015):

U.S. HHS is Going for More Vaccinations during Pregnancy, Employer-enforced adult vaccination requirements, and, probably, Faith-based groups to uptake vaccinations

The U.S. Health and Human Services published a 46-page draft proposal and notice in the Federal Register recently regarding more mandated vaccines for adults, and especially pregnant females; employer-enforced adult vaccinations; and probably for getting faith-based groups to uptake and not oppose vaccines/vaccinations.

There is an open public comment period that ends March 9, 2015, for consumers to register their comments, etc. per instructions at this website.

How to file your comments Continue reading »

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Feb 01


The Future of Medicine? Forget Private Doctor Appointments, Group Medical Visits are Coming (Liberty Blitzkrieg, Jan 30, 2015):

According to the American Academy of Family Physicians, around 10 percent of family doctors already offer shared medical appointments, sessions that bring together a dozen or more patients with similar medical conditions to meet with a doctor for 90 minutes. With pressure from the government and insurers to bring down the cost of care while treating the increasing number of people with health insurance, patients can expect group visits to become more common. “It’s efficient. It’s economical.

– From the Bloomberg article: Your Next Doctor’s Visit Could Get Crowded

Get ready, this is coming. While this trend was already happening before the passage of Obamacare, it’s not hard to imagine that private medical consultations could soon be a thing of the past for your average American serf.

Somehow I doubt members of Congress will be having group visits any time soon…

From Bloomberg:

Continue reading »

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Jan 31

Obamacare Fine to Be Owed by as Many as 6 Million Taxpayers (Bloomberg, Jan 28, 2015):

(Bloomberg) — As many as 6 million U.S. taxpayers will have to pay a penalty of as much as 1 percent of income because they went without health insurance in part or all of 2014, the Treasury Department said.

The penalty, part of the Patient Protection and Affordable Care Act, is designed to encourage people to sign up for health insurance using the expanded options and financial assistance available under the law, known as Obamacare. The penalty would apply to about 2 percent to 4 percent of all taxpayers for 2014.

Continue reading »

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Jan 30


– Thanks Obamacare: This Is What Americans Spent The Most Money On In Q4 (ZeroHedge, Jan 30, 2015):

If readers need clarification on what was the primary source of spending-based “growth” for the US economy in the fourth quarter, the same source that bumped up final Q3 GDP from 3.9% to 5.0%, please ping us: we will gladly explain the chart below.  And just in case it is still unclear what Americans are spending their “gas sasvings” on, here it is one more time.

Q4 spending GDP

And just in case the fading impact of Obamacare is not already priced in, here is what Q4 inventories did: rising by $113.1 billion in Q4, this was the second highest quarterly increase in the 21st century, second only to September 2010. It’s all GDP-crushing liquidations from here. Continue reading »

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Jan 07

H/t reader squodgy:

“Whatever happened to the HIPPOCRATIC OATH?
Was there a typo when Obamacare came in & it is now the HYPOCRITIC OATH?”


Bankrupt government slashing payments to doctors by 43%; medicare patients to be rejected nationwide (Natural News, Jan 7, 2014):

As we’ve warned for months, just because Americans are required to have health insurance coverage under regulations contained in the Affordable Care Act, that doesn’t mean that they will have access to care.

If you recall, the entire purpose behind Obamacare, according to the president and the law’s backers, was only to insure something like 14 or 15 million people, because at the time the measure was being debated, the vast majority of Americans — well over 80 percent — had health insurance. What’s more, the bulk of those insured had private sector plans, and most were insured through employers; the number of Americans on taxpayer-subsidized coverage, like Medicaid, was minimal. Continue reading »

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Nov 21

Chinese Kids Driving Supercars: Inside the Secret Southern California Meet-up

Nov 18, 2014


China’s ultra-rich are growing in number and in wealth – and are sending billions of dollars out of the country. Much of it is landing up in the U.S. where many children of the wealthy elite are sent to get an American college education — and they’re living large. Vocativ found a sub-culture of these Chinese students in California. They drive luxury cars like Maseratis and Ferraris and flaunt their wealth at discreet private parties and in online groups, like “Super Cars in America”.


‘Diabolical & absurd’: Outrage as Save the Children gives Tony Blair Global Legacy Award:

A decision by UK charity Save the Children to give Tony Blair its annual Global Legacy Award has unleashed a torrent of criticism highlighting the former PM’s role in Britain’s 2003 Iraq war and his controversial business dealings in the Middle East.

The former Labour leader, who is currently a key focus of a public inquiry into Britain’s invasion of Iraq, received the honor on Wednesday night at a star-studded gala hosted by the charity in New York.

Save the Children’s decision to offer Blair the award has provoked outrage across the UK, with critics insisting the move utterly discredits the charity.




Dramatic Drone’s-Eye View Of The Record Upstate New York Snowfall:

With half the nation covered in snow, according to ABC, nowhere appears to have had it worse (or more suddenly) than upstate New York. As images pour in from lake-effect snow, to The Buffalo Bills stadium, and from scenes caught in a snow storm to pandas playing, we thought the following stunning drone’s-eye-view over Erie County was both incredible in its beauty and cruel in its GDP-destroying reality.

A Drone’s eye view of the beauty (and GDP cruelty) of a snow-buried upstate New York

141-year-old cold record shattered in Jacksonville:

For the second morning in a row, Jacksonville, Florida, dropped to a new record low.

Climatologist: 30-Year Cold Spell Strikes Earth:

With nasty cold fronts thrusting an icy and early winter across the continental U.S. — along with last winter described by USA Today as “one of the snowiest, coldest, most miserable on record” — climatologist John L. Casey thinks the weather pattern is here to stay for decades to come.

In fact, Casey, a former space shuttle engineer and NASA consultant, is out with the  provocative book “Dark Winter: How the Sun Is Causing a 30-Year Cold Spell,” which warns that a radical shift in global climate is underway, and that Al Gore and other environmentalists have it completely wrong.

The earth, he says, is cooling, and cooling fast.

And yes, you read that one right:

The Wrath of Draghi: Biggest German Banks Impose “Negative Interest Rates”:

Commerzbank, Germany’s second-largest bank, a toppling marvel of ingenuity during the Financial Crisis that was bailed out by ever dutiful if unenthusiastic taxpayers, will now reward these very folks with what Germans have come to look forward to: the Wrath of Draghi.

It started with Deutsche Skatbank, a division of VR-Bank Altenburger Land. The small bank was the trial balloon in imposing the Wrath of Draghi on savers and businesses. Effective November 1, those with over €500,000 on deposit earn a “negative interest rate” of 0.25%. In less euphemistic terms, they get to pay 0.25% per year on those deposits for the privilege of giving their money to the bank.

“Punishment interest” is what Germans call this with Teutonic precision.

Amazon robots prepare for Christmas:

The squat, wheeled machines move stocked shelves to workers

In its latest bid to boost productivity and speed delivery, Inc. is deploying a robot army.

The Seattle online retailer has outfitted several U.S. warehouses with squat, orange, wheeled robots that move stocked shelves to workers, instead of having employees seek items amid long aisles of merchandise, according to people familiar with the matter. At a 1.2-million-square-foot warehouse in Tracy, Calif., about 60 miles east of San Francisco, Amazon this summer replaced four floors of fixed shelving with the robots, the people said.

Now, “pickers” at the facility stand in one place and wait for robots to bring four-foot-by-six-foot shelving units to them, sparing them what amounted to as much as 20 miles a day of walking through the warehouse. Employees at some robot-equipped warehouses are expected to pick and scan at least 300 items an hour, compared with 100 under the old system, current and former workers said.

The robots are the fruits of Amazon’s 2012 purchase of Kiva Systems Inc. for $775 million. In May, Amazon Chief Executive Jeff Bezos told investors at Amazon’s annual meeting that he planned to deploy 10,000 Kiva robots by year-end, up from 1,400 at the time.

A Quick Look At Goldman’s Takeover Of The US Judicial System: NY Fed Edition:

One really just can’t make this up. Perhaps the Fed inspector general, when he is done “fixing” the corruption at the NY Fed will be so kind to take a look at the Goldman takeover of the US judicial system next.

And the saddest thing: it cost the banks (and their lawyer lackeys) under a million to buy America’s judicial system off: American justice is not only for sale, it goes at firesale prices!

The NY Fed’s Attempt To Explain That It Is Not A Subsidiary Of Goldman Sachs:

The most shocking, if already completely buried, news of the day was that – in yet another confirmation that Goldman Sachs is in charge of the New York Fed – a NY Fed staffer was colluding and leaking confidential, material information to a 29-year-old Goldman vice president, himself a former Federal Reserve employee. This only happened because on the day Carmen Segarra disclosed her 47 hours of “secret Goldman tapes” on This American Life, Goldman executives asked the former Fed staffer where he had gotten what appeared to be confidential information from. To nobody’s surprise the answer was: The New York Fed. So as the latter, also known as the biggest hedge fund of the western world with $2.7 trillion in AUM, is scrambling to once again prove it is shocked, shocked, that it has become merely the latest subsidiary of Goldman Sachs, Inc., it released the following statement explaining what “really” happened.


“Some Folks Lied” – How The Administration Fabricated Obamacare Enrollment Numbers:

Two months ago, to much fanfare by the progressive community, HHS, if not Dr. Jonathan Gruber, were delighted to report that as of August 15, Obamacare enrollment had hit 7.3 million sign ups, well above the 7.0 million goal. Then a week ago we learned that “projection mistakes were made” after the “Obama administration revised its estimate for Obamacare enrollment, now saying – with the bruising midterms safely in the rearview mirror – that it expects some 9.9 million people to have coverage through the Affordable Care Act’s insurance exchanges in 2015, millions fewer than outside experts predicted.” Fast forward to today when moments ago Bloomberg reported, that “the Obama administration included as many as 400,000 dental plans in a number it reported for enrollments under the Affordable Care Act, an unpublicized detail that helped surpass a goal for 7 million sign-ups.

Dutch government refuses to reveal ‘secret deal’ into MH17 crash probe:

The Dutch government has refused to reveal details of a secret pact between members of the Joint Investigation Team examining the downed Flight MH17. If the participants, including Ukraine, don’t want information to be released, it will be kept secret.

– Neo-Feudalism Has Officially Arrived – Congressman Suggests Building A Moat Around White House:

While the general population is aware something is seriously wrong, people remain extremely confused about the root of the problem. This is because what’s happening all around us isn’t socialism and it isn’t free market capitalism. It is actually a return to something much more ancient and much more oppressive. It is a return to serfdom, neo-fedualism and oligarchy.”

Giant sinkhole swallows up old mine in Russia’s Urals (PHOTOS):

A sinkhole 20 by 30 meters (65 by 98 feet) in size has been found near a Uralkali mine in Russia’s Perm region. While the company says the development is of no further threat, locals fear the whole nearby town could go underground.


As The “Sanctions War” Heats Up, Will Putin Play His ‘Gold Card’?:

The topic of ‘currency war’ has been bantered about in financial circles since at least the term was first used by Brazilian Finance Minister Guido Mantega in September 2010. Recently, the currency war has escalated, and a ‘sanctions war’ against Russia has broken out. History suggests that financial assets are highly unlikely to preserve investors’ real purchasing power in this inhospitable international environment, due in part to the associated currency crises, which will catalyse at least a partial international remonetisation of gold. Vladimir Putin, under pressure from economic sanctions, may calculate that now is the time to play his ‘gold card’.





Missing Gold – Precious Metals in WTC 4 Vault: Only a Fraction Recovered?:

Why is there this huge discrepancy between the value of gold and silver reported recovered, and the value reported to have been stored in the vaults? There are a number of possible explanations, from outright theft using the attack as cover, to insurance fraud. Until there is a genuine investigation that probes all the relevant facts and circumstances surrounding the attack, we can only speculate.

Retail Rapture: UK Grocery Sales Drop 1st Time In 20 Years, Dollar General To Shut 4000 Stores:

For the first time since it began collecting data in 1994, Kantar Worldpanel, the market researcher, reported a decline in UK grocery sales by value, as The FT reports the biggest UK grocers were “losing market share hand over fist,” as analysts warn “there are phoney price wars, and there are real price wars. This is a real price war.” This comes on the heels of Goldman report claiming 20% of British grocers are surplus to requirements. But it’s not just Britain… in the the cleanest dirty shirt world-economic-growth supporting decoupled economy of the USA, Reuters reports Dollar General may need to divest more than 4,000 stores to win approval from the U.S. Federal Trade Commission for its acquisition of Family Dollar.


5-foot-tall ‘Robocops’ start patrolling Silicon Valley:

Autonomous “Robocop”-style robots, equipped with microphones, speakers, cameras, laser scanners and sensors, have started to guard Silicon Valley.

The security robots, called Knightscope K5 Autonomous Data Machines, were designed by a robotics company, Knightscope, located in Mountain View, California.

The robots are programmed to notice unusual behavior and alert controllers. It also has odor and heat detectors, and can monitor pollution in carpets as well. Last but not least: with cameras, the Robocops can remember up to 300 number plates a minute, monitoring traffic.

The New World Order: Does It All Just Boil Down To A Battle For Your Soul?:

This problem extends into the oligarchy of globalists, who adore the theories expressed in Plato’s “The Republic,” in which an elite cadre of “philosopher kings,” men who have achieved a heightened level of academic knowledge, are exalted as the most qualified leaders. However, leadership requires more than knowledge, even if that knowledge is profound. Leadership also requires compassion and informed consent, two things for which the elites have no regard.

American-born London mayor refuses to pay US taxes, threatens to renounce citizenship:

The Internal Revenue Service reportedly wants London Mayor Boris Johnson to write a check for taxes he owes to the United States government, but the UK politician says he isn’t paying.

Those ‘brilliant’ Japanese ‘visionaries’ never heard of Fukushima:


Living under the sea: Japanese visionaries unveil underwater city plan:

Will people ever live in underwater cities? Japanese construction firm says it is possible by 2030. The visionaries revealed a $25 billion deep-sea eco-city plan called Ocean Spiral for 5,000 people that will produce energy from sea resources.

Many have pondered the idea of living under the sea while sci-fi film directors such as George Lucas tempted our imagination with stunning images of underwater cities. Such was the Gungan city consisting of a mass of hydrostatic bubbles shown in the first part of the “Star wars” epic space film series.

Now a Japanese construction firm Shimizu Corp. says that building an underwater residential area is not a fantasy and aims to build one by 2030 – in just 15 years.

China and others can cripple US power grid, NSA admits for the first time:

The head of the National Security Agency warned Congress on Thursday that China and “one or two” other nations currently possess the capability of crippling the American power grid through cyberattacks.

6 Months Before The Fed Is Said To Hike Rates, It Still Has No Idea How It Will Do That:

It has become quite clear that the Fed neither has the intention, nor the market mechanism to do any of that, and certainly not in a 3-6 month timeframe. Which may explain the Fed’s hawkish words on any potential surge in market vol. After all, if the nearly $3 trillion in excess reserves remain on bank balance sheets for another year, then the only reason why vol could surge is if the Fed lose the faith of the markets terminally. At that point the last worry anyone will have is whether and how the Fed will tighten monetary policy.

Initial Jobless Claims Hit 2-Month Highs, Continuing Claims Tumble To 14-Year Lows:

It is still far too early to call a turn in the long-term trend of initial jobless claims but this is the 5th week that new lows have not been made, 4th miss in a row, and (despite last week’s upward revision) claims sit at 2-month highs. Initial claims printed 291k (against 284k expectations) down very slightly from an upwardly revised 293k last week. However, continuing claims continue to tumble to fresh cycle lows at 2.33 million (below expectations and well down from last week’s jump).

Another Triple-Fat-Finger VIX Day Saves Stocks:

Ugly data in Asia, Europe, and US PMI meant US equities opened gap-down… that was unacceptable to ‘someone’ and so the “most shorted” names were squeezed. However, after 10 minutes the ramp started to fade… and so the big boys ‘fat-fingered’ VIX and that rescued the dip. That would be fine… but it happened again at 958ET when stocks started to fade again and suddenly VIX was lit up and zoom… stock momentum was ignited and all was well in the world… Broken record? Yes! But clearly someone has to take note of this rigging…

Ice on the Mississippi River in Iowa:

“I’ve seen ice like this or even worse, but it’s usually not until the middle of December,” says lockmaster.

Game 9 – 2014 World Chess Championship – Magnus Carlsen vs Viswanathan Anand

WTF: A Night With Japan’s Highest Paid Male Gigolo

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Nov 18


Obamacare = A Death Panel For The U.S. Economy (Economic Collapse, Nov 16, 2014):

Did you know that some Americans are being hit with health insurance rate increases of more than 500 percent?  Taking advantage of “the stupidity of the American voter”, the Democrats succeeded in ramming through one of the worst pieces of legislation that has ever come before Congress.  The full implementation of Obamacare has been repeatedly delayed, but now we are finally starting to see the true horror of this terrible law.  Thanks to Obamacare, millions of American families are losing health plans that they were very happy with, health insurance rates are skyrocketing, millions of workers are having their full-time hours cut back to part-time hours, rural hospitals all over the country are dying, and thousands of doctors are being driven out of the industry thus intensifying the greatest doctor shortage in U.S. history.  Obamacare is a slow-motion train wreck of epic proportions, and the full effect of this law is only beginning to be felt.  In the end, the economic impact of this law will likely be measured in the trillions of dollars. Continue reading »

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Nov 17

Obama Comments On Grubergate: “I Did Not Mislead Americans” Even As Gruber Pocketed Millions (ZeroHedge, Nov 16, 2014):

The last thing Obama needed brought up during the just concluded G-20 conference, where world leaders generously agreed to boost global GDP by $2 trillion (let’s all hold our breath while they “just go find a cash machine“) while bashing Putin pretty much non-stop for 48 hours to the point where the Russian leader left early (due to “lack of sleep“), was the whole “Gruber thing”, i.e., the recent revelations that the architect of the “Affordable” Care Act, Jonathan Gruber, relied on the “stupidity of American voters” to pass Obamacare. Sadly for the American president, not even halfway around the world could he get away from the humiliation that has clouded his one and only domestic policy “success” in his 6 year tenure. Continue reading »

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