Wednesday, September 8, 2010

REAL WORLD IMPACT OF OBAMACARE � The Burning Platform

"We believe consumers will see through this," she (Nancy-Ann DeParle, the White House’s top health official) said.

And do what? Pay up or drop coverage. And if you drop coverage, you pay a fine. Seems to me the only answer is to pay up.

The revolutionary was was fought over this kind of heavy handed treatment, and we fought a bloody civil war over states rights. What’s the Fed going to do when all 50 states secede, especially when NG troops are under State control?

The District of Columbia is looking smaller and smaller on the map these days.

REAL WORLD IMPACT OF OBAMACARE � The Burning Platform

Monday, September 6, 2010

U.S. Government Prepares for 'Crisis' | Opinion News | Print Financial & Investing Articles | TheStreet

If I understand the premise of this article correctly, the financiers which were bailed out by the Bush administration are the very ones killing the economic recovery by "choking off" credit. And where is the outrage!

U.S. Government Prepares for 'Crisis' | Opinion News | Print Financial & Investing Articles | TheStreet

Asia Times Online :: Asian news and current affairs

Optimists agree, Mr. Obama, cut taxes and cut spending now, so that the private sector can begin to dig itself out of the hell hole created by Investment Banking, Congress, and the current and previous Administrations.

Pessimists agree, failure to cut taxes and cut spending now will result in a prolonged recessionary cycle lasting a decade or more.

"Policy will determine how long this utterly miserable period lasts. Optimists can imagine a near-term correction in US fiscal and monetary policy, producing interest rates high enough to stem inflation's rise and a public sector deficit shrinking rapidly back to normal levels. That would allow the US capital base to rebuild while avoiding burdening the economy with excessive public sector bloat. In that case, the natural competitiveness and capability of the US workforce would reassert itself within a few years and growth would resume.

For pessimists, the Fed will keep interest rates far too low because of the recession, allowing inflation to soar and shrinking the real value of the US capital base, while mammoth public sector deficits crowd out private sector investment. In that case, apart from the very real possibility of a US Treasury default, the US downturn would intensify, as its capital endowment was hollowed out by inflation and public borrowing, while its competitiveness was reduced by a bloated public sector. We might then see a downturn lasting a decade and a reduction of 30% or even 40% in median real US wages. The US might also, like Argentina, suffer a period of hyperinflation."

Asia Times Online :: Asian news and current affairs:

Top economists: The second Great Depression has arrived - by Terrence Aym - Helium

Holy shit, Batman!

Top economists: The second Great Depression has arrived - by Terrence Aym - Helium

Inside Job - Trailers, Videos, and Reviews ComingSoon.net Movie Database

Sign me up!

Inside Job - Trailers, Videos, and Reviews ComingSoon.net Movie Database

Policy Options Dwindle as Economic Fears Grow - NYTimes.com

An ounce of prevention. Where were all of these Nobel laureates before the Great Recession when banks were giving away money, selling the notes to investors and derivatives grew to a $600T market?

Policy Options Dwindle as Economic Fears Grow - NYTimes.com

TOP 10 NECESSITIES WHEN TSHTF � The Burning Platform

Don’t forget the TP. Seriously, ordinary items you buy every day at the grocery store have expiration dates months out. There’s no excuse for anyone not having a 2 -3 weeks supply of food in the house, 2-3 months would be better, or even a 6 mos supply.

For dairy and other items, powdered milk, eggs, and cheese can be stored for many years.

Emergency and evacuation kits can contain MRE’s, enough for 2 -3 days for car emergency kits, and 2 – 3 weeks for evacuation kits. Include blankets, light sticks, ponchos, etc.

Water is extremely important, the stainless steel Big Berkey is a good choice.

Add guns, ammo, and firearms training, and your chances of surviving a SHTF scenario have increased significantly.

For an extended TEOTWAWKI, you will need the means and ability to produce food, essentially hunting and gathering. Small farms will be the primary food source, not the grocery store. Better to prepare now, than find out how unprepared you are after SHTF.

BTW, can’t disagree with the whimper, not a bang argument. But, if a whimper continues long enough, it can grow to a roar, which is, basically a recovery. It’s when the whimpering stops that you have cause for concern.

Also, I agree with the “Say good-bye to the middle class” sentiment. There is no recovery without jobs. Jobs that have been sent overseas over the past two decades, and outsourced to immigrants. Stimulus spending and unemployment benefits won’t bring back the jobs without an investment in infrastructure. Investment occurs when taxes are cut.

Mr. Obama, cut taxes and cut spending now, so that the private sector can begin to dig itself out of the hell hole Investment Banking, Congress, and the current and previous Administration have created.

TOP 10 NECESSITIES WHEN TSHTF � The Burning Platform