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This So Called Recovery Is Going Nowhere
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The Fed’s Wall Street bubble, as we forecast in January, will need at least $2 trillion more in 2010, if the economy is to just stay on an even keel. The massive debt liquidation particularly in banking, Wall Street and in insurance demands many more trillions of dollars. $23.4 trillion is not going to be enough. Presently the Fed is in the process of monetizing $2 trillion in Treasuries, Agency paper, such as Fannie Mae and Freddie Mac and collateralized debt obligations held by lenders. It is a secret what the Fed is paying for this almost worthless paper. Is it any wonder the public has lost trust and confidence in these players and our government?
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| A market rally has not enticed the public to spend more and in fact retail sales are off 6% and still falling, thus no recovery except in the minds of Wall Street and Washington. | |
In order to escape from this global expansion of debt from government, corporations, banking, Wall Street and even state indebtedness, the bubble has to be maintained. The longer it lasts the worse will be the collapse when it bursts. Does anyone really believe that this can continue indefinitely?
People talk about robust inflationary environments in China, Asia and emerging markets In America the Fed’s game of lowering interest rates and increasing money and credit and monetizing paper will end over the next two years, maybe three. What is already in the system guarantees inflation.
Many believe American re-flation boosts real estate values. Not a chance. The recovery is not going anywhere. Americans are starting to save and pay down debt, and that means eventually consumption, as a percentage of GDP will fall to the long-term mean of 64.5%.
The stock market and major market players are again highly leveraged even after 50% gains. They do not seem to understand that the sustained injection of trillions of dollars in money and credit is not going to work. It is not creating anything. Wild speculation is fine; it’s the leverage that kills. As a broker I never had a margin account. The market is not discounting a rosy future, but the players do not understand that. Prices are simply disconnected from reality. Short covering and the reversal of derivative positions cannot go on indefinitely. Market performance is led by second and third tier companies that are in serious positions, some on the edge of bankruptcy. This is a very frustrating but temporary phenomenon. You are short failing companies, and good companies languish. This is one of the unpredictable parts of the market. All we can say is that current stock market action is a reflection of the current dysfunctional financial chaos that we are trapped in. Mis-pricing is legion. All we can say is it is not going to work. Your only alternative is to back in the safety of gold and silver related assets.
The same elements that were responsible for the collapse of the market in 2000 are at work today. Incidentally we recommended selling in the second week of April, two weeks after the top. Only 2% of analysts accompanied us. Then again, we called the top at 14,100. That element was interest rate carry trades. The players are taking advantage of the ability to borrow cheap dollars, yen and euros to buy other higher yielding currencies, which in turn strengthens their currencies, making their exports uncompetitive. South Africa and Turkey are such examples. Thus, currency appreciation caused by differing interest rates is reigniting third world countries. Free trade and globalization are having some unintended consequences. The dollar is headed down and at the G-20 meeting in London on September 4-5; the US will ask China and others to cut it more slack, because they cannot now reverse the reversal of fortune.
When we called the top on the dollar at 89.5 on the USDX a few months ago we never expected its decent to be as sharp as it has been. As we write it is 79, up from 77.60 in a normal bear market rally assisted by a temporary manipulation by the US government that will be of no lasting consequences. You might call this a normalization process, as a result of the unwinding of dollar gains in the de-leveraging process. The speculators got out and the banks are still upside down. The unwinding process is only half complete and that means the dollar will test 71.18 on the USDX by yearend and probably by the end of October. The banks have to reduce leverage and that makes it a lock. They are still leveraged 40 to 50 times deposits. You talk about stupid. Even Mr. Bernanke tells us tightening by raising interest rates is a long way off. In addition, world central banks are dollar sellers, even if only in a minor way. As long as the US Congress refuses to enact tariffs on goods and services the dollar will remain chronically and perpetually weak. As an aside, the further the dollar weakens the more expensive it will be for the US to purchase foreign goods, which will lead to higher inflation. That will force further dollar selling. Thus, you can more clearly see how this combination of events, accompanied by others, will continue to suppress the dollars value.
The result has been that second and third world currencies are strengthening against G-20 currencies, a result of unintended consequences in the elitists grab for profits and power. What they have done via free trade and globalization, offshoring and outsourcing is to allow China, Brazil, India and Russia to take their places at the head of the table. The developed economies have dug their own graves as they experience staggering unemployment and dollar depreciation simultaneously. It may not be evident now but it is every man for himself sooner than you think. Already officially manipulating their currencies are Sweden, New Zealand, Australia and the Swiss. This does not create a fair playing field and it pulls the underpinnings out from under the WTO, the World Trade Organization, which is the major element in the destruction of the industrial power of Japan, Canada, the US and Europe. All it really was created for was a redistribution of wealth from the first to the second and third worlds in the early 1960s. We wrote about this in the American Mercury in 1967, but, of course, no one was listening. A massive socialization process, a leveling if you may, so that the inhabitants of the world, and particularly the citizens of the more powerful nations, would accept world government. This did not just happen. It was done deliberately by design. As a result of this plan currently these second and third tier nations are growing 50% faster than the G-20, or more specifically Canada, the US and Europe.
- A d v e r t i s e m e n t
We are going to see strong resistance to currency appreciation in the future and increases in subsidies in many nations – first, second and third tier currencies. Perhaps even currency wars. The damage done via free trade and globalization is vastly underestimated when related to the first world, which brings us back to the dollar and other carry trades that are a result of this. It is not only the dollar that will be destroyed, but also all major currencies. That accomplished, the elitists will then attempt to implant world government. That is what this is all about and few have the foresight to listen. Most do not even recognize the enemy at the Council on Foreign relations or at the Bilderberger meetings, because he or she wears a $3,000 suit and they look like nice people. When are people going to wake up and stop allowing themselves to be propagandized? Is the fog so thick that they cannot see what is being done to them? Do they not understand why they are unemployed; have to take mandatory swine flu shots; why socialized medicine will destroy our medical system; why Cap and Trade is a scam by Goldman Sachs to increase their taxes 20% or that our privately owned Federal Reserve is totally corrupt? This is part of a major plan to destroy the major nations, as we now know them. The carry trade, derivatives and massive injections of money created out of thin air are but nails in our coffins and if we do not stop these evil people it will mean destruction.
Last March net wealth declined from a peak of $22 trillion to $12 trillion and due to a bear market rally it has moved back to about $15 trillion. During the past two years consumer debt is about the same, but the market has gotten hit hard. Household equity is off about 90%, and had it not been for the personal stimulus package it would have fallen much more.
What is surprising to most but not to us was that the money in money market funds increased as the market fell. That means that leverage via borrowed money was what has driven the market rally, along with short covering and government manipulation. The Fed was the biggest factor in rigging this bear rally. We have probably seen all the public investor buying we are going to see. The US and European banks were probably given the funds by the Fed with strict instructions to push the equity market higher and use as much leverage as possible. This rally has not enticed the public to spend more and in fact, retail sales are off 6% and still falling, thus, no recovery except in the minds of Wall Street and Washington.
Further to the unemployment figures, the birth/death ratio should have been 113,000 job losses higher or about 350,000. This year the B/D model has added 879,000 jobs and that figure should be 992,000, during the worst employment environment since the ‘Great Depression”, which is simply beyond belief. Then to have short-term unemployment fall from 9.5% to 9.4% is incredulous. You ask how did they do that? It was due to the fact 637,000 people were dropped from the labor force, not from an increase in employment, but they did end up on the U6, which officially is 16.8% unemployment, but if you extract the B/D ratio you end up with unemployment of 20.8%. What we have witnessed is more lies and propaganda, as the administration tries to use smoke and mirrors to regain public confidence to get them to increase spending. Barry and advisors, it isn’t going to work. They are not that dumb.
Home prices continue to fall nationwide. Portland, OR is a good example. It reported a record decline in home values for the 17th straight month in May and month-on-month saw a 16.3% fall, the biggest decline in the index’s 22-year history. Since the July 2007 peak prices have fallen 21% and that is the lowest level since May 2005.
We see the summer pause as natural and as unemployment rises, now by U6 at 20.8%, they’ll be more foreclosures and lower prices. The depression is only pausing to catch its breath.
This past week the Dow gained 2.2%; S&P 2.3%; the Russell 2000 gained 2.8% and the Nasdaq 100 gained 1%. The homebuilding index rose 13.4%; retail 7.5%; banks 12.4%; broker/dealers 2.9%; cyclicals 5.7%; transports 4.7%; consumers 2.2%; utilities 0.2%; high tech 1.2%; semis fell 1.1%; internets gained 1.2% and biotechs 1.1%. Gold bullion was off $1.00 and the HUI Index rose 1.6%.
Two-year T-bills rose 20 bps to 1.20%; 10-year notes 37 bps to 3.86% and the 10-year German bund surged 21 bps to 3.51%.
Fed credit declined $32.1 billion and is up $122% yoy. Fed foreign holders of Treasuries and Agency debt rose $17 billion. Custody holdings for foreign central banks 19.6% ytd, and were up $414 billion yoy or 17.3%.
M2 narrow money supply jumped $24.6 billion to a record $8.366 trillion.
Total money market assets fell $27.5 billion to $3.606 trillion.
The USDX, the dollar index, rose 0.8% to 78.99.
The Fed never has and never will get money and credit policy right and that is why we are in part in the difficulties we are in today.
Recently Mr. Bernanke told congress he would not monetize debt and he does so every day. He says he has the tools to prevent the huge reserves he’s pumped into the banks from generating inflation that would abort an economic recovery. There is no possibility he can do that without allowing deflation from escaping from its box. The answer to that by Ben is that, “economic conditions are not likely to warrant tighter monetary policy for an extended period.” As we all know the Fed hasn’t gotten money and credit, M3, right nor have they gotten interest rates right since 1913. The reason for that is that the Fed does what it does to enrich Wall Street. Once investors understand that the game is rigged the Fed will be eliminated and the revolving door between Wall Street and the beltway will close.
AAA says unleaded gas nationwide is selling at $2.64 a gallon.
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August 16th, 2009 at 3:08 pm
Good, it’s fake anyway
Censored31 Reply:
August 16th, 2009 at 3:14 pm
Yep…but not for Gold in Sacks, Big Pharma, Monsanto, Xe Inc. and KBR
911paradigm Reply:
August 16th, 2009 at 4:29 pm
has anyone seen this documentary on blip televsion about Alex Jones. f---er made it 2 hours long. Talking s--- about AJ. Straight up.
http://blip.tv/file/2479663/
Burney Reply:
August 16th, 2009 at 5:35 pm
I saw the footage.
It’s pretty clear that AJ has a large contingency of blind followers who are just as paranoid or more paranoid than him. If you notice …he constantly refers to his claims as “documented”. Then he claims every one else if “making stuff up”. He is violent, crazy, paranoid, out of touch with reality and the sad thing is that people believe this B.S.
Is Maulkin a worthless tramp? Of course. She’s after attention and so is AJ. It doesn’t make AJ correct about anything and it doesn’t make Maulkin a better person. Get thinkgs in perspective people. We need to pay attention to the Government. 9/11 was a terrible botch job, but AJ is a certified NUT JOB!!!!
JackBurton Reply:
August 16th, 2009 at 7:27 pm
AJ is a nut job? imagine what that makes you and me for being on his website….
Censored31 Reply:
August 16th, 2009 at 9:10 pm
THE NAZIS DIDN’T LOSE THE WAR, THEY JUST DID THE MOVE…
U will become like Germany fifty years ago…
Censored31 Reply:
August 16th, 2009 at 9:12 pm
Censored31 is redefining the psychological warfare (= media) and infowars too of course…
Luke Reply:
August 17th, 2009 at 11:42 am
Censored31 you forgot to log out and log back in as a different handle when replying to your own comment, LOL, I wonder how many other trolls on here are using multiple aliases to support their own arguments, LOL
Vance T Reply:
August 17th, 2009 at 12:03 pm
Vote Jason Cullen for New Jersey Governor 2009. Corzine=No Home Rebate, more taxes and Bankster; Christie=Surveillance State and Bankster; Daggett=Cap and Trade and Bankster.
http://www.votecullen.com
q Reply:
August 17th, 2009 at 3:20 pm
If Alex werent the govt’s assigned ‘dissident’ he would organize a real movement and not just fearmonger all the time. Where does all this money come from? Who are the real donors?
jim from FL Reply:
August 16th, 2009 at 4:54 pm
unleash an avalanch of fliers…”Don`t take the vaccine”….DrTenpenny.com
tom Reply:
August 16th, 2009 at 8:51 pm
MARCH ON WASHINGTON, D.C. SEPT. 12TH, 2009!
Find out more at: http://wallstreetmarketnews.blogspot.com
Spread the word by emailing fellow Patriots and Post this link on your favorite Facebook groups!
jason Reply:
August 16th, 2009 at 8:56 pm
Please consider joining us with our MARCH ON WASHINGTON, D.C. this Sept. 11th, 2009!
Glenn Beck has organized and will televise this event so you will not need to obtain the proper permits just join us.
Join us at the National Mall to send a message to all of our politicians that They work for Us!
- We want health care Tort reform NOT a government Takeover!
- We refuse to pay for governments mistakes with higher taxes!
- We want an END to the Federal Reserve!
- We want an END to the war on terror!
- We want an END to the New World Order!
- We want the TRUTH to the NYC attacks of 9/11!
- We want to restore our Republic and Constitutional rights!
- We want to restore a FREE press!
- We want Wall Street firms and Congress members investigated for participating in nearly collapsing our entire economy!
- We want to END the rampant corruption in Washington D.C!
- We want fiscal responsibility!
- We want the Patriot Acts and FISA and other un-Constitutional Acts repealed now!
- We want our elected officials to represent WE the people and NOT corporate lobbyists and special interest groups!
Join us in retaliation against a fascist government which started with George W. Bush and continues with Barack Obama!
Help Fund the Revolution!
Order your “Don’t Tread On Me!” t-shirt to wear to the march at: http://www.wallstreetmarketnews.com/tshirts.html
Spread the Word!
Pass this link on to all of your friends and post it on the walls of your favorite Facebook groups!
We Need to Work as a Unified Force!
Glenn Beck 9/12′ers and Tea Party members as well as members of Ron Paul’s Campaign for Liberty, End the Fed, 9/11 Truthers, Birthers, Democrats, Republicans, Independants, and others will work together and bring millions of patriotic and concerned Americans to Washington, D.C.
They Don’t Even Care About Us!
The reason why nothing changes in America is because they have divided us into groups and make us fight against each other.
When Bush was in office they made the Democrats protest while they stole our freedoms. Now Obama is in office and they make the Republicans protest while they continue to steal our freedoms.
We want to include EVERY American of every race, creed, and color to join us in protest. It is time to rise above the labels they have placed on us to keep us divided!
Many of you have already realized that calling your representative to complain and meeting them at a town hall meeting to protest changes nothing!
They just make the “state run media” spin out propaganda to call our fellow citizens NAZI’s, or unpatriotic, or a terrorist to brainwash the masses into not rebelling against their tyranny!
Well, no more!
Now we will join Democrats, Republicans, Independents, and others to work together as AMERICANS!
Please forward this message and invitation to all of your chapters and members for consideration.
Baaaaaa Reply:
August 16th, 2009 at 5:11 pm
It IS doing LOTS of good, it’s providing nourishment for the sheeple…..they’re earing it up as they praise their messiah.
Baaaaaaa
lj Reply:
August 16th, 2009 at 6:57 pm
White people stole hundreds of trillions!!
Censored31 Reply:
August 16th, 2009 at 8:40 pm
CIA = CRACK
Censored31 Reply:
August 16th, 2009 at 8:43 pm
http://www.youtube.com/watch?v=LYOVQezWaCY
bigpete Reply:
August 17th, 2009 at 9:09 am
you mean the jews
BRASS BALLZ Reply:
August 16th, 2009 at 6:04 pm
According to Bob Chapman, We are all f---ed!!!, expect a bankers holiday this fall.
jim from FL Reply:
August 16th, 2009 at 6:57 pm
50 lb. bags of pinto beans & water filters are a good start…
NO COIN Reply:
August 16th, 2009 at 7:00 pm
whatever, show a picture of a guy infront of some screens whatever WHATEVER even YOU guys are broing predictable and KNOWN. keep throwing bones, keep distracting with minor news stories and breaks.
GET READ FOR 1000 YEARS OF PEACE YOU MISS-GUIDED FOOLS.
peace in your face. YOU. LOSE. YOU AND YOU’RE EVIL FAKE s---, IT ALL LOSES.
YOU are not safe behind you’re CYBER curtain. LOVE will crush you ultimate FALSE FLAG JESUIT SUPOSED UNDERGROUND MOTHERf---ERS – YOU.WILL. BURN.
August 16th, 2009 at 3:20 pm
##########SPREAD THIS INFORMATION##########
**Wall Street criminals exposed By Marcy K.**
kaptur.house.gov/index.php?option=com_content&task=view&id=289&Itemid=1
youtube.com/watch?v=tMCZ8JeEpUw
or
fednet.net/asx/2008/kaptur092208.asx
**Rep. Alan Grayson asks the FEDERAL RESERVE Inspector General where the money is gone…**
youtube.com/watch?v=PXlxBeAvsB8
HQ version: youtube.com/watch?v=cJqM2tFOxLQ
#####END THE CRIMINAL RESERVE – ACTION STEPS#####
Bills to be supported: S 604 and HR 1207. Information:
ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207
or
http://www.campaignforliberty......07home.php
jim from FL Reply:
August 16th, 2009 at 5:04 pm
write on all paper money( which are instruments of tyranny, unworthy of respectful care ),”DON`T TAKE THE VACCINE !!!”—-DrTenpenny.com……infowars.com……stevequayle.com
August 16th, 2009 at 3:24 pm
I admire Bob Chapman, and I listen carefully to what he says. I agree that most people won’t ,can’t see beyond the fog, so sad because many people I know ,love and respect are in that fog. It is so disheartening. We are repeating history at the hands of the elites!
August 16th, 2009 at 3:28 pm
A family member who has not been paying the mortgage for over a year and a half now was given the deal of a lifetime by his banks. They have two mortgages. Or should I say had two mortgages.
At first they were going to try to short sell the house. The second loan company said NO. So, the family lived in the house rent free until the first bank stated they would procedure with foreclosure.
Well, now the second mortgage bank has been working with the first mortgage company and they came up with one heck of a deal.
The second mortgage for $65K, can be settled for $4K. Yup, the family will pay $4K (parents giving it) and the bank writes the rest off. No more second mortgage.
And the first mortgage bank is going to re-fy at a fixed rate 30y 4% rate. Four percent loan so the family can afford the house.
Now keep in mind that my family had to buy down to get 5.75% on the first loan. And we have 6% on the second mortgage on our house. Fair right.
The moral of this story, live rent free, and get rewarded.
The question me and my husband now have is, “what should we do?”
Cold-Cocked with a Crutch Reply:
August 17th, 2009 at 12:30 am
The moral of that story is
THERE ARE NO MORALS!
Example of being rewarded for reneging on payments,
while people doing the honest thing are losing it all.
THAT is the “CHANGE” Obama wants. Like himself:
“Be dishonest, reap rewards,
Be HONEST, YOU LOSE!”
Doesn’t matter, they re fi you just to STEAL YOUR
PROPERTY LATER after they bleed everyone dry.
This depression hasn’t even STARTED yet!
August 16th, 2009 at 3:31 pm
From what you her from the MSMC&C you would think the recession is over.
Ben Reply:
August 16th, 2009 at 3:46 pm
Of course the recession is over. The world is in a depression now; we have thus exited the recession.
Pack a gun and pay no tax.
Michael Reply:
August 16th, 2009 at 4:09 pm
the MSMC&C are shills for their corporate masters.
August 16th, 2009 at 3:44 pm
Buy all the gold and silver coins you can, and hide them under the floor boards for that coming rainy day. The elite can play with its value ’till the last dying dog comes home to mope, but they can’t stop the men and women in the street from trading it quietly amongst each other.
Cold-Cocked with a Crutch Reply:
August 17th, 2009 at 12:33 am
Better hide your stash somewhere else, ’cause after
they STEAL YOUR PROPERTY you won’t be able to
get under them floorboards.
But that’s right about barter. They play their monkey-
shines, we just bypass the crooks and use our own
“currency”.
August 16th, 2009 at 3:47 pm
The American media wants you to believe that a speculation market like the Dow 30 dictates whether or not we’re in a recession; that a group of hidden economists dictate whether we’re STILL in a recession when they were silent for almost a year in declaring that we were even IN a recession; that extremely skewed and meaningless government numbers such as unemployment dictate the health of the economy. How many fools really are out there? Not as many I hope now. The American people ALLOW themselves to be lied to, tricked, bamboozeled, robbed, and raped. The Sheeple better get off their psychotropic drugs, stop drinking their Kool-Aid, stop smoking vapors, and drinking ferments long enough to do their duty as the Founding Fathers warned. I can’t see the U.S. surviving as is through the holidays this year at this rate. What else is there to say?
roaddog6 Reply:
August 16th, 2009 at 3:54 pm
a good rule of thumb is to believe just the oppisite of what the msm says.
mike65 Reply:
August 17th, 2009 at 9:43 am
YOU are exactly correct road dog. THAT is my rule of thumb with the GOVERNMENT.JUST believe the opposite of what they tell you.
Mark The True Patriot Reply:
August 16th, 2009 at 4:33 pm
I will lead if you will Follow
Dan Reply:
August 17th, 2009 at 12:33 am
That’s funny Mark but most of the people that understand what’s going on now, will be the leaders in the revolution.
August 16th, 2009 at 3:52 pm
Any one who listens to the s##t coming out of Washington is a damned fool.
The dollar is going to tank, become like the post Soviet ruble. Throw them into the streets because they are worthless!
These f##cking traitors have sold out the whole nation. But don’t fear, in that there is our freedom!
LONG LIVE THE REVOLUTION!
Cold-Cocked with a Crutch Reply:
August 17th, 2009 at 12:36 am
EXACTLY.
THERE IS NOTHING LEFT TO RECOVER WITH
Factories sold overseas, jobs gone forever,
$24 trillion STOLEN by banksters, infrastructure
SOLD OFF TO CHINA, who holds our “paper”.
There’s no other answer but to THROW ALL
THE CRIMINALS OUT AND START OVER,
literally with nothing if we have to.
August 16th, 2009 at 3:52 pm
I wonder if there will be a big rush to reinvest during the ‘recovery’ to reap the leftovers…
It is so sad that I must watch this happen to my country. You really never would think that the US would succumb to this sort of economic fascism/slavery. Even worse, I can’t even get most people to even recognize it. I swear, I talk to people my age (19-20), and their answer seems to be always “Well how does this apply to me? I am not into all that political stuff…”. Makes you want to yell at them for being so dumb. I don’t understand most people anyways though.
August 16th, 2009 at 4:01 pm
I don’t get you people for one you need to except Mr. Obama is your Leader !!!!!!!!!!!!!! He had nothing to do with this economy ( Nothing ) Bush the Idiot handed Mr. Obama this econonmy and you need to understand that : If it wasn’t for Mr. Obama we would all be in bigger crap then we are now , Stop blaming this man of color this man of wisdom this man of greatness this man of intellengentness and above all this man whom is all our President – Give him some time and he will come through with his plans for a strong economy , I for one as many other AMERICANS ARE TIRED OF ALL YOUR INSULTS AND NEGATIVE THINKING TOWARDS THIS MAN WE CALL MR.PRESIDENT Give the man a chance he has only been in office a few months -stop all your hate towards this man . Your all GLOOM AND DOOM RED NECKS LIVING IN A MOBILE HOME PARK .
TennWalt Reply:
August 16th, 2009 at 4:18 pm
I must admit, just when i thought i’d heard it all, a disinformed flourinated brownboot leaves a comment like you..i think Einstein said it best when he quoted: “two things are eternal, the Universe and human stupidity….and i could be wrong about the universe!!!! sir…you win the peckerhead of the year award…congratulations and enjoy your chains…..oops…i meant CHANGE….HAHAHAHA
Jamine Jackson Reply:
August 16th, 2009 at 4:28 pm
I have you figured out TennWalt /
Man you just a trailer park trash bigot — All Mr. Obama is trying to do is get your good for nothing lazy ass out off welfare and into a better life : Man what is wrong with that ?
Acornholio Reply:
August 16th, 2009 at 8:13 pm
You people type just like you talk. That must take some effort, you know what i’m saying?
Chemhuffer Reply:
August 16th, 2009 at 9:16 pm
Jamine,
Do your research and read what people write before you respond. Obama wants to extend the handouts. he doesn’t want people off of welfare, he wants more useless eaters. I would imagine you are a sheeple, and obama can do no wrong? am I right? of course I am right, because when someone doesn’t like obamas plans and legislation, you go right for the insults. not everyone that is opposed to obama is a white redneck living in a trailer. Stereotypes will end america. wake the f--- up, cause you are going to feel real useless when you are in a food line at a fema camp thanks to your man obama.
Mark The True Patriot Reply:
August 16th, 2009 at 4:30 pm
You got the Brain of a f---ing MEAL WORM lol
Actually I think the worm got ya beat
dan Reply:
August 16th, 2009 at 4:57 pm
OMG – so this is what Sci-Fi is!
QUENTIN SNAVELY Reply:
August 16th, 2009 at 5:29 pm
Terry you are either a shill or a blind FOOL. Or both. Obamacabra is only carrying the torch passed on to him by his predatory NWO predecessors. You will learn AFTER it is too late!
Madman Reply:
August 16th, 2009 at 6:59 pm
I don’t live in a mobile home, I am not even white enough to join a hate group. Obama has done nothing worthy of my respect, and respect is earned, not given freely to anyone simply because they hold an office.
The thing is, they are all crooks… I don’t blame Obama, he’s just the one the powers at be, WANT us to blame. He inherited a clusterf---. Do I blame him for his actions, that he has taken… yes, and I expect him to hold himself accountable to the people who elected him. Obama is a servant to the PEOPLE of the United States, not the other way around.
So far the only change I have seen, is a new puppet has a slightly different skin color, it’s like Bush got a tan… same s---, different dictator.
yellowhak1 Reply:
August 17th, 2009 at 10:56 am
MADMAN “its like bush got a tan” LOL!!!!!!!!!!!!!!!!!! to the commenters above, i smell minorities in the bunch and i would know i am one.
Acornholio Reply:
August 16th, 2009 at 8:15 pm
Barry didn’t inherit anything. If you remember he bought it with a $700 million campaign.
Good Shootin' Tex Reply:
August 16th, 2009 at 9:06 pm
Barry is delivering on his campaign promises:
“Chains you can believe in”
Bush/Cheney = Obama/Biden
Wake the eff up!
mike65 Reply:
August 17th, 2009 at 9:52 am
YOU enlighten me TERRY.If you expect me to buy into your b.s. I suppose you have ocean front property in ARIZONA that you would like to sell me.
F OBAMA Reply:
August 17th, 2009 at 10:55 am
“intellengentness” – BWAHAHAHAHAHAA
look the sheep made a new word
DsTexasGirl Reply:
August 18th, 2009 at 9:32 am
Terry — Are you any kin to Chris Matthews? I swear I can see that “chill” running up your leg too! YUCK!! What dribble…..
Right on, Madman!!
August 16th, 2009 at 6:59 pm
“Obama has done nothing worthy of my respect, and respect is earned, not given freely to anyone simply because they hold an office.”
August 16th, 2009 at 4:01 pm
Is it fair to speculate this is the biggest suckers rally in the market ever? I mean if all the hyperbole about “Greatest Depression” and all that is true and not just rhetoric, it stands to reason this “recovery” is mis-direction.
I can only hope Gold and Silver come down just a little before I go just about all in…Im convinced metals will hold up pretty well short and long term from this point out.
August 16th, 2009 at 4:25 pm
Terry,
You sound like your polar opposite better known as a Republican when they bashed Clinton. But actually Terry they are not your opposite but rather the other side of the same coin. You foolishly think that Bush was “the one” who got us in this? You think “Republicans” got us in this?
They are the SAME! They BOTH believe in in the same cause but mask it behind ideologies for the sake of dividing the people and maintaining the Democrats Good, Republicans Bad or visa versa.
For example, the Health Care debate has nothing to do about Health Care. Just go read what is in the bill and you will see that it is actually the opposite. Mandatory vaccinations and end of life counseling is a GREAT way to wipe out a large portion of the Populace. But it gets better!
Terry focus on what I’m about to tell you next so you understand the truth. Let us take the National ID Card for example. This was proposed during (R) Bush’s term. The National ID card would have EVERYTHING electronically on it. Very Orwellian but very straight forward.
Hey! you need a ID card and put into a national data base for Your safety against evil terrorist. – Right! wink, wink,
The Bush administration wanted to foist upon us the National Id Card. We fought back and the Republicans scurried away back into their holes.
Time to fast forward to Barry’s term.
WOW! Lets have Universal Health Care. No Terry that’s what you were told. What Barry O’ was trying to do is get us a National ID Card via a Universal Health Plan.
How you ask?
Simple!
A national health plan would require EVERY citizen to have a MEDICAL CARD with ALL of their information on it.
Voila! A National ID Card disguised as a US Medical Card
August 16th, 2009 at 4:28 pm
I see Mr Chapman has a little wisdom
of corse then being of German Blood I would expect it of him
But Mr Chapman you failed to tell people that the tarriffs and taxes on products entering this country cant be reversed cause Mr Congressmann and Mr Senator got thier f---ing hand under the table so they can pay for thier 10 million dollar house
August 16th, 2009 at 4:39 pm
Hidden in the over 1,000 pages of Obama’s dictatorial health plan…
Pg 22 of the HC Bill MANDATES the Government will audit books of ALL EMPLOYERS WHO SELF-INSURE!!
Pg 30 Sec 123 of HC bill – THERE WILL BE A GOVT COMMITTEE which decides what treatments & benefits you get.
Pg 354 Sec 1177 – Govt WILL RESTRICT ENROLLMENT of Special Needs people.
Pg 42 of HC Bill – The Health Choices Commissioner will choose your HC Benefits for you.
PG 50 Section 152 in HC bill – HC WILL BE PROVIDED TO ALL NON-US CITIZENS, illegal or otherwise.
Pg 170 Lines 1-3 HC Bill- ALL NON-RESIDENT ALIENS will be exempt from individual taxes. (Resident Americans will pay)
Pg 58 HC Bill – Govt will have real-time access to individuals
finances & a National ID Healthcard will be issued.
Pg 59 HC Bill lines 21-24 Govt will have direct access to your bank accounts for electronic funds transfer, no choice.
Pg 72 Lines 8-14 Govt is creating an HC EXCHANGE to bring private HC plans under Govt control.
PG 84 Sec 203 HC bill – Govt mandates ALL benefit pkgs for private HC plans in the Exchange.
PG 85 Line 7 HC Bill – Specs. for of Benefit Levels for Plans.
Pg 95 HC Bill Lines 8-18 The Govt will use groups i.e., ACORN & Americorps to sign up individuals for Govt HC plan.
pg 124 Lines 24-25 HC No company can sue Government on price fixing. No “judicial review” against Government Monopoly.
pg 127 Lines 1-16 HC Bill -DOCTORS/ AMA – The Govt will tell you what your salary will be TAX.
Pg 145 Line 15-17 All Employers MUST auto enroll employees into public option plan. NO CHOICE
Pg 126 Lines 22-25 Employers MUST pay for HC for part time employees AND their families.
Pg 149 Lines 16-24 ANY Employer with payroll 400k & above, who does not provide public option, pays 8% tax on all payroll.
pg 150 Lines 9-13 Businesses with payroll btw 251k & 400k who doesn’t provide public option pays 2-6% tax on all payroll.
Pg 167 Lines 18-23 ANY individual who doesn’t have acceptable HC according to the Govt will be taxed 2.5% of income.
Pg 195 HC Bill -officers & employees of HC Admin (GOVT) will have access to ALL Americans finances & personal records.
PG 203 Line 14-15 HC – “The tax imposed under this section shall not be treated as tax”.
And there’s even more astonishing Marxist domination and control…
Pg 239 Line 14-24 HC Bill- Govt WILL REDUCE PHYSICIAN SERVICES for Medicaid Seniors, and low income people.
Pg 241 Line 6-8 HC Bill – Doctors, doesn’t matter what specialty you have, you’ll all be paid the same
PG 425 Lines 4-12 Govt mandates Advance Care Planning Consultations. (seniors)
Pg 425 Lines 17-19 Govt will instruct & consult regarding living wills, durable powers of atty. Mandatory!
PG 425 Lines 22-25, 426 Lines 1-3 Govt provides approved list of end of life resources, guiding you in death.
PG 427 Lines 15-24 Govt mandates program for orders for end of life. The Govt has a say in how your life ends
Pg 429 Lines 1-9 An “adv. care planning consult” will be used frequently as patients health deteriorates.
PG 429 Lines 10-12 “adv. care consultation” may include an ORDER FOR END OF LIFE plans. AN “ORDER” from the GOVERNMENT on when your life ends.
Pg 429 Lines 13-25 – The govt will specify which Doctors can write an end of life order.
PG 430 Lines 11-15 The Govt will decide what level of treatment you will have at end of life.
Censored31 Reply:
August 16th, 2009 at 5:56 pm
This is ten times worser then the Lisbon Treaty…
Censored31 Reply:
August 16th, 2009 at 5:57 pm
…euh five times.
Kyle Reply:
August 16th, 2009 at 6:12 pm
TennWalt,
Great Points! Now lets peel back the onion.
First Layer – Health Care for Everyone because the US cares about it’s citizens – LIE! Damned LIE!
2nd layer – This would ruin private insurance and would cause massive layoffs in the private sector. – True, but not the “real” desire
3rd layer – This would be run via bureaucrats and would be inefficient and costly in the long run – True, but they don’t care. Heck! With a Federal Reserve who worries about money. – More Ink Please!
4th layer – There are things in this bill which would ration care to such an extent that care would be denied to some. – True, but why? Well, we know THE reason.
5th Layer – Everyone would be required to have a National Universal Medical ID Card. – Exactly!
#5 is THE key element because it accomplishes what Bush couldn’t. Bush wanted a universal ID card based on terror (so-called).
Obama has buried the truth behind the LIE of Health Care.
For example, #1-#4 can all be remedied and the “sheeple” will gladly accept Universal Health Care. (Albeit 2-4 are needed for the N.O.W plan and will never “really“ be addressed.) All there fears of too costly, or eliminating the private sector, or grandma getting bumped off early can all be addressed with rhetoric and lies and the Dems and Pubs can come out victoriously and claim they have a “compromise” bill THAT EVERYONE WILL AGREE ON. All the while #5 is still in place and even after a “compromise” bill they can ultimately succeed in their goal of a National ID masked behind a Universal Medical Card.
After they have everyone in their database any “promises” or “revisions” or “compromises” in the health care bill will be moot. They got what they ultimately wanted at that point which is a National ID Card.
Someone needs to address this.
Kyle
August 16th, 2009 at 4:57 pm
La Rouche On a General strike.
http://larouchepac.com/lpactv?nid=11419
August 16th, 2009 at 6:20 pm
It leaves you asking the question of how did these 2 sheeple come to be on this site in the first place if they are ingnorant to the truth of this healthcare bill? Terry AND Jamine Jackson must as a default then be 2 of the people that obama and crew has hired for $500 a week to spend their time trying to get REAL people who are fully aware of said situation to waste their time even reading much less answering their posts. OOOOBBBBAAAAMMMMAAAAA!!!
August 16th, 2009 at 6:56 pm
No kidding! That’s something, ain’t it…
August 16th, 2009 at 7:50 pm
Here is a small real life example of how the market is manipulated. I was traveling overseas in Europe, before the E.U. One of my traveling companions converted 5k U.S. to Deutsche Marks and got a favorable exchange rate. Unfortunately he had emptied out the airport bank of all Marks so I was forced to convert overseas as our flight was due to take off (I know poor planning on my part). I converted a small amount of money there my first day. I wanted to check the exchange rate and it was lower after climbing up until approximately that point( I was checking the rate to maximize my return). Every day I would go back and exchange small amounts and each day the rate was lower, but not a little lower A LOT lower(approx. 20-50 marks). My young inexperienced self said “well wait it out and try to get it back tomorrow” because the rates vary all the time, but it just got worse and worse. You know what was happening in The Netherlands? It was 2 weeks before the High Times Cup awards. Americans were flocking there and converting there money. I didn’t realize that finacial powers were ahead of the game and knew about this, thus putting them in a position to steal peoples money through the exchange rate and poor last minute planning. Coincidentally, a few weeks after the Cannibus Cup the rate magically began to rise again.
ModerationVacation Reply:
August 16th, 2009 at 8:20 pm
It actually may be The Guild. My memory fails me on the period for obvious reasons and my attempts at searching for the information have proven worthless. They called it the guild there because I will never forget the number of homeless people begging in the streets. I would give money to one and they would actually begin to form a line expecting me to keep handing out money. If I gave 1 guild to every homeless person I came into contact with I would have been broke. Either way, Royal Dutch Shell…that’s all I need to say about that.
August 16th, 2009 at 8:47 pm
Red Dawn…great deduction…methinks your right
August 16th, 2009 at 9:34 pm
Of course it’s going somewhere silly, didn’t you hear the fed giggle the handle, when they flushed the dollar down the toilet?
Madman Reply:
August 16th, 2009 at 9:34 pm
damn spell check, jiggle… not giggle
August 16th, 2009 at 10:19 pm
BOHICA- yep, business as usual.
The swindlers get away with it and live in luxury while we the suckers get the long high hard one up the hershey highway. I hope these bankers eventually get theirs damnit.
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August 17th, 2009 at 8:50 am
what would you do? Says:
August 16th, 2009 at 3:28 pm
BURN IT ALL DOWN!
Home Ownership is your extorted enslavement…only for suckers…the title deeds are fakes made up by European thieves and con men
EWE are what the Evil King come to life to punish the stupid and clueless
August 17th, 2009 at 8:51 am
EWE are what causes the Evil King come to life to punish the stupid and clueless
someone has to lead a global army aginst these colaitions of crime called nations….it’s going to be a bloodbath
Presidents and monarchs are but sausage for the grinder and TARGETED for their CRIME as well as all their descendants
August 17th, 2009 at 8:52 am
the dollar was always a made-up con to get thje suckers to slave for paper with no true value
works GREAT on rubes…300 million in this imaginary gang turf
August 17th, 2009 at 9:19 am
letter reveals shocking healthcare bill`s content
Date: Sun, Jul 26, 2009 at 1:19 PM
Subject: A doctors response to the Health Bill (GREAT)
This is a letter written by Dr. Stephen Fraser to Senator Bayh. If you would like to send it on to your Congressman, he says to feel free to copy it and send it around to our friends and to senators and representatives.
July 23, 2009
Senator Bayh,
I ask you respectfully and as a patriotic American to look at the following troubling lines that I have read in the bill. You cannot possibly believe that these proposals are in the best interests of the country and our fellow citizens.
Page 22 of the HC Bill: Mandates that the Govt will audit books of all employers that self insure!!
Page 30 Sec 123 of HC bill THERE WILL BE A GOVT COMMITTEE that decides what treatments/benefits you get.
Page 29 lines 4-16 in the HC bill: YOUR HEALTH CARE IS RATIONED!!!
Page 42 of HC Bill: The Health Choices Commissioner will choose your HC Benefits for you. You have no choice!
Page 50 Section 152 in HC bill: HC will be provided to ALL non US citizens, illegal or otherwise
Page 58 HC Bill: Govt will have real-time access to individuals finances & a National ID Health card will be issued!
Page 59 HC Bill lines 21-24: Govt will have direct access to your banks accounts for elective funds transfer.
Page 65 Sec 164: is a payoff subsidized plan for retirees and their families in Unions & community organizations: (ACORN).
Page 84 Sec 203 HC bill: Govt mandates ALL benefit packages for private HC plans in the Exchange.
Page 85 Line 7 HC Bill: Specifications for of Benefit Levels for Plans = The Govt will ration your Healthcare!
Page 91 Lines 4-7 HC Bill: Govt mandates linguistic appropriate services. Example Translation: illegal aliens.
Page 95 HC Bill Lines 8-18: The Govt will use groups i.e., ACORN & AmeriCorps to sign up individuals for Govt HC plan.
Page 85 Line 7 HC Bill: Specifications of Benefit Levels for Plans. AARP members your Health care WILL be rationed.
Page 102 Lines 12-18 HC Bill: Medicaid Eligible Individuals will be automatically enrolled in Medicaid.. No choice.
Page 124 lines 24-25 HC: No company can sue GOVT on price fixing. No judicial review against Govt Monopoly.
Page 127 Lines 1-16 HC Bill: Doctors/ American Medical Association The Govt will tell YOU what you can make! (Salary)
Page 145 Line 15-17: An Employer MUST auto enroll employees into public option plan. NO CHOICE!
Page 126 Lines 22-25: Employers MUST pay for HC for part time employees AND their families.
Page 149 Lines 16-24: ANY Employer with payroll 401k & above who does not provide public option pays 8% tax on all payrolls.
Page 150 Lines 9-13: Businesss with payroll btw 251k & 401k who doesnt provide public option pays 2-6% tax on all payroll.
Page 167 Lines 18-23: ANY individual who doesnt have acceptable HC according to Govt will be taxed 2.5% of income.
Page 170 Lines 1-3 HC Bill: Any NONRESIDENT Alien is exempt from individual taxes. (Americans will pay)
Page 195 HC Bill: Officers & employees of HC Admin (GOVT) will have access to ALL Americans finances /personal records.
Page 203 Line 14-15 HC: The tax imposed under this section shall not be treated as tax Yes, it says that!
Page 239 Line 14-24 HC Bill: Govt will reduce physician services for Medicaid Seniors, low income and poor are affected.
Page 241 Line 6-8 HC Bill: Doctors, doesnt matter what specialty you have, youll all be paid the same!
Page 253 Line 10-18: Govt sets value of Doctors time, profession, judgment etc. Literally value of humans.
Page 265 Sec 1131: Govt mandates & controls productivity for private HC industries.
Page 268 Sec 1141: Federal Govt regulates rental & purchase of power driven wheelchairs.
Page 272 SEC. 1145: TREATMENT OF CERTAIN CANCER HOSPITALS Cancer patients welcome to rationing!
Page 280 Sec 1151: The Govt will penalize hospitals for whatever Govt deems preventable re-admissions.
Page 298 Lines 9-11: Doctors, treat a patient during initial admission that results in a re-admission -Govt will penalize you.
Page 317 L 13-20: PROHIBITION on ownership/investment. Govt tells Doctors what/how much they can own!
Page 317-318 lines 21-25, 1-3: PROHIBITION on expansion- Govt is mandating hospitals cannot expand.
Page 321 2-13: Hospitals have opportunity to apply for exception BUT community input is required. Can u say ACORN?!!
Page 335 L 16-25 Pg 336-339: Govt mandates establishment of outcome based measures. HC the way they want. Rationing.
Page 341 Lines 3-9: Govt has authority to disqualify Medicare Advance Plans, HMOs, etc. Forcing people into Govt plan.
Page 354 Sec 1177: Govt will RESTRICT enrollment of Special needs people! Unbelievable!
Page 379 Sec 1191: Govt creates more bureaucracy Tele-health Advisory Committee. Can you say HC by phone?
Page 425 Lines 4-12: Govt mandates Advance Care Planning Consult. Think Senior Citizens end of life patients.
Page 425 Lines 17-19: Govt will instruct & consult regarding living wills, durable powers of attorney. Mandatory!
Page 425 Lines 22-25, 426 Lines 1-3: Govt provides approved list of end of life resources, guiding you in death. (assisted suicide)
Page 427 Lines 15-24: Govt mandates program for orders for end of life. The Govt has a say in how your life ends.
Page 429 Lines 1-9: An advanced care planning consultant will be used frequently as patients health deteriorates.
Page 429 Lines 10-12: advanced care consultation may include an ORDER for end of life plans. AN ORDER from GOVT!
Page 429 Lines 13-25: The govt will specify which Doctors can write an end of life order.
Page 430 Lines 11-15: The Govt will decide what level of treatment you will have at end of life!
Page 469: Community Based Home Medical Services = Non profit organizations. Hello, ACORN Medical Services here!!?
Page 472 Lines 14-17: PAYMENT TO COMMUNITY-BASED ORIGINATION. 1 monthly payment 2 a community-based organization. Like ACORN?
Page 489 Sec 1308: The Govt will cover Marriage & Family therapy. Which means they will insert Govt into your marriage?
Page 494-498: Govt will cover Mental Health Services including defining, creating, and rationing those services.
Senator, I guarantee that I personally will do everything possible to inform patients and my fellow physicians about the dangers of the proposed bills you and your colleagues are debating.
Respectfully,
Stephen E Fraser MD
August 18th, 2009 at 6:06 pm
*** IS IT NOT TIME TO DO A BERNAKE JOKER POSTER?
*** IS IT NOT TIME TO DO A BERNAKE JOKER POSTER?
*** IS IT NOT TIME TO DO A BERNAKE JOKER POSTER?
*** IS IT NOT TIME TO DO A BERNAKE JOKER POSTER?
*** IS IT NOT TIME TO DO A BERNAKE JOKER POSTER?
*** IS IT NOT TIME TO DO A BERNAKE JOKER POSTER?
*** IS IT NOT TIME TO DO A BERNAKE JOKER POSTER?
*** IS IT NOT TIME TO DO A BERNAKE JOKER POSTER?
August 21st, 2009 at 10:30 pm
Very nice site!