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America’s Youth – Getting What They Voted For

12 Nov

Good and Hard…

…insurance costs are soaring for the young. In 45 states and Washington, D.C., young adults will find that their premiums have risen since Obamacare’s implementation, according to an October study by the conservative Heritage Foundation. And in most states, we’re not talking about the kind of slight increases that could be offset by forgoing a couple of lattes a month. Instead, these increases are enough to make young adults squeeze in another roommate — or maybe even move back in with Mom and Dad.

Obamacare requires better coverage than in the past, which also explains the higher premium. But young adults don’t need the added costs. In Arizona, the average monthly premium for a 27-year-old is expected to soar to $261.87 a month, up from $102. It’s the same story in other states, including Georgia (where monthly premiums are increasing by $165), Illinois ($133), Michigan ($138) and Vermont ($216).

Yes We Can…

USA Today

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PonziCare Rollout

6 Nov

Cheating the Other Guy and Passing the Savings on to You…

Because like any other Ponzi, this particular welfare program Obamacare needs an influx of new registrants, especially young ones, to keep the funding coming in and succeed. Otherwise, not even all central bank chairmen getting to work around the globe creating wealth effects for a few hundred thousand people, or all false-flag, YouTube justified diversionary wars around the world, will do much to deflect attention from how the supposedly crowning achievement of Obama’s two-term presidential career has disintegrated before everyone’s eyes.

…a far deeper problem with Obamacare than the ongoing website debacle, is that the targeted core constituency of Obamacare, young people under 35, are nowhere near the fastest enrolling population group, with that distinction instead going to the oldest group, people 55 and over, which also happens the be the biggest use of funds within Obamacare.From the WSJ:

If we like your healthcare – you might be able to keep it…

ZeroHedge

America Getting What it Voted For (Twice…)

5 Nov

Hope and Change You Can Believe In…

The American Homeownership Dream is officially dead. Long live the New Normal American Dream: Renting.” What happened since then is that the American Dream briefly became a full-blown nightmare when in Q3 mortgage rates exploded, pummeling the affordability of housing, and ground any new mortgage-funded transactions to a complete halt (don’t believe us – just ask the tens of thousands of mortgage brokers let go by the TBTF banks in the past 6 months). Which is why it was not at all surprising to find that the just updated Q3 homeownership rate has remained stuck at 65.1%: the lowest since 1995.

https://i2.wp.com/www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/11/Homeownership%20Rate%20Q3.jpg

 

Meanwhile – Who’s gonna pay for Obamacare?

https://i0.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/07/20130727_income.jpg

Three More Years!

Zero Hedge

Can’t Wait for Comprehensive Immigration Reform….

2 Nov

Obama – “Often in error but never in doubt…”

Barack Obama could walk into the Rose Garden and step on a half-dozen rakes like Foghorn Leghorn in an old Looney Tunes cartoon, and the official line would be, “He meant to do that.”…

…His allegedly revolutionary decision to turn his presidential campaign into a personal political organization independent from the Democratic party has turned out to be the most expensive way ever to generate smarmy and ineffectual e-mail spam. And, if you want to believe that Obama’s goal in Syria all along was to elevate Vladimir Putin and alienate all of our Middle East allies, including Saudi Arabia and Israel, and to make Bashar Assad our strategic partner while he finds more politically correct ways to slaughter his own people, well, that’s nice.

…he didn’t know how terrible things were over at HHS. In other words, the chess master didn’t even know what pieces he had on the board, which is usually not something we associate with chess masters. It’s something we associate with people who don’t even know how to play the game.

Smartest President Ever….

Jonah Goldberg/NRO

 

…Until You Run Out of Other People’s Money…

1 Nov

Which Apparently Happened Today…

Today, one of America’s best-known welfare programs with 47.6 million participants or 15% of the total population, the Supplemental Nutrition Assistance Program also known as “foodstamps” or EBT, is due for a substantial haircut: beginning Friday, there will be a phased in $5 billion reduction (6% of the program) for the 12 month period starting November 1st 2013. So what happens next?

Food Riots?

 

Zero Hedge

Like Obamacare Hasn’t Done Enough Damage…

27 Aug

Boxer – “We need to raise the minimum wage”

On Monday, Sen. Barbara Boxer (D-CA) said she wants the federal minimum wage raised to $10 an hour. The current minimum wage is $7.25 an hour.

“The difference between the very wealthy and the working poor has grown. We raise that minimum wage and we move forward with the vision of this president that we have, which is everyone pays their fair share” of taxes.

Shit – why only$10/hr? If that solves the problem, why not $25 pr $30/hr?

America is getting what it voted for – good and hard…

Breitbart

The Obama Recovery – Going Pretty Much to Plan

22 Aug

Unemployment Soars To March 2012 Levels

Can you say Obamacare…

What is most worrying about the latest data is the rapid rise in both unemployment and underemployment that the Gallup poll finds (to 8.9% unemployment and 17.9% underemployment. Unemployment rates have jumped notably in the last month to their highest in 13 months. Will the Fed ‘allow’ this data to filter into the BLS data and ‘avoid the Taper’ or are there non-economic reasons …

https://i0.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/08/20130822_unemp.jpg

In  other news, Obama got a new dog…

Zero Hedge, WaPo

“There’s a Term for This…”

9 Aug

It’s Called Capital Controls Communism….

We’ve been discussing in this column lately how the modern banking system is a total fraud– that dictatorial control of 70% of the world’s money supply has been awarded to just four central bankers.

And that the vast majority of banks, especially in the western world, are laughably illiquid… and very thinly capitalized.

There’s a term for this. It’s called capital controls. And it’s something that almost every bankrupt government in history has resorted to using.

Capital controls are essentially a restriction on the free-flow of capital. It can take a number of different forms– gold criminalization, bank account confiscation, foreign exchange restrictions, etc.

But at the end of the day, the effect is the same– capital controls are just another way of transferring wealth from citizens to the government, like dairy cows to a farmer.

Sovereign Man

It’s Never Different This Time…

9 Aug

Bad News – Sell 40 shares…

A (Repeating) History Of Ignoring All Warnings

Irrespective of the publishing date, the articles read alike throughout the two major crisis periods…

https://i0.wp.com/www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/05/Margin%20debt%20net%20free%20credit.jpg

Where have we heard this before?

  • “A rising stock market encouraged more investors to go into debt to buy stocks, sending margin debt levels past their all-time high”.

  • “The National Association of Securities Dealers (NASD) has asked members to review their lending requirements in a sign of increasing concern that rising levels of margin debt could exacerbate a stock market plunch.”

  • “The Fed is concerned about a sharp rise in margin debt but has been unwilling to attack stock market speculation as high levels of leverage do not necessarily translate into high risk. The last time the Fed adjusted the margin rules was in 1974, when when it reduced the down payment required for stocks to 50 percent of the purchase price, from 65 percent.” […] “The Fed should return to its pre- 1974 policy of actively changing margin requirements in response to stock market speculation”.

  • “High margin debts show the effect of over-leveraging and mispricing of risk”.

  • “The movements in stocks cause brokerages to stop allowing customers to buy some of the volatile stocks on margin or require clients to put up more cash.”

  • “Either the market rises dramatically to make those loans good or in any down move there is tremendous selling pressure”.

  • “Until recently, most investors ignored red flags raised by regulators”.

 

Zero Hedge

First They Come For Your Guns…

7 Aug

Or is it the Jews? …  Either Way Time to Stock Up

Charles I of England infamously commandeered 200,000 pounds of his own citizens’ gold right before the English Civil War in 1638. Roosevelt confiscated his entire nation’s gold holdings roughly three centuries later.

And of course, Cyprus raided domestic bank accounts earlier this year in a desperate attempt to bail-in the national banking system.

It’s foolish to think that these things cannot happen, especially when you look at the numbers.

The Age of Obama..

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