Agoracom Blog
Happy Halloween
Posted by
at 9:23 AM on Friday, October 30th, 2009
little 401 k is right … by the time the market hits bottom and the dollar hits bottom … that is exactly what you will have … little …buy physical gold.
the prophet
Peter you are on a roll today I must say….must be because of Halloween …the goblins and critters must be forcing you to do it!
UNKLE SAM WON’T DIE PEACEFULLY (Final Version For Media Distribution)
Doctored Numbers
There’s A Monster In The House
Sadly, everything that the government reports is dummied up in some way or another. Does any one remember my little essay, ‘There’s A Monster In The house’ ? It compared Unkle Sam to a drug crazed compulsive gambler, desperate to get his hands on the families health care insurance premiums to go out and shoot it up and gamble it away. It concluded that, “We Are Locked In a Death Struggle With Unkle Sam, And It’s Him Or Us.”
It’s a reasonable conclusion that the government is attempting to get its hands on the nations healthcare Dollars to integrate into and prop up general revenues. Then watch them dole out stingy expenditures for health care, playing the role of a villainous insurance company. If they can pay out 50 to 60 cents on the Dollar of what they collect in revenues, they might be able to survive and that’s what this Socialized Medicine Shennanigan is all about in the U.S.
Let’s think about this a bit…. Why do you think they come back time and again despite the repudiation of their healthcare plans by the nation? Does government no longer serve the people, but merely its own needs and interests? Why do they want to undercut the size of payment to healthcare providers imperiling the system ? Does it make sense to put nearly 1 Million private health insurance industry employees out on the street, replaced with highly paid government employees? If we want to cover every one in the nation, why don’t we just increase subsidies to middle income earners to supplement existing Medicaid for the indigent?
Getting right to the bottom line, here’s the apparent answer to these questions – 5% of the population consumes 50% of healthcare expenditures and it’s mostly the aged. If the government can get rid of this 5% burden, they can pocket the 50%, use the savings to prop up the government, reduce Social Security expenditures through rapid attrition of the aged and maybe collect Estate Inheritance Taxes too.
Next year, far ahead of schedule, the Social Security surpluses will disappear as people take early retirement due to economic conditions. There’s nothing more that they would like than to restrict health expenditures for retired citizens, pocket the premiums paid, and send the old folks to an early grave through medical neglect. Don’t be nieve and trust this monstrous government that has behaved so badly.
This is a very serious matter that the health insurance premiums will not be sequestered, but integrated into general revenues just like Social Security taxes. Under the proposed plan it will be squandered for other purposes and to feed the deficits.
Even if you chose to deny that this is their intention, would knowledgeable individuals deny that this is the way it will end up knowing the squanderous and deceitful ways of our government.
The FDIC (which is depleted), does not have a seperate set aside account for it’s funds. The insurance premiums paid by banks are integrated into general revenues. Now they want the troubled banks to advance three years insurance premiums for deposits on hand and it’s a large chunk of change, perhaps 5% of deposits on hand. Technically, they want to drain the banks to feed these unmanageable deficits.
Unemployment? It’s closer to 20% than the 10% reported. Inflation? They say it’s non-existent. Tell that to a housewife or check John Williams’ Shadow Government Statistics that probably shows inflation running 5 to 7% per annum. Economic growth? Check out United Parcel Services’ third quarter revenues which were down sharply compared to the year before. They ship 1/2 of all the packages in the United States. John Williams also has differing opinions about economic growth. It’s smoke & mirrors with downright fraudulent statistics.
These fat cat government people are determined to sit there and milk everything dry to continue living an Imperial Lifestyle. Now they’re saying that if any financial institutions become insolvent, it will be their problem because they’re too big to save. Of course they realize that they can’t endanger the lifestyles of the government employees paid far more than their private sector counterparts.
$1.2 Trillion Dollars ‘Stimulus’ was thrown right out the window and we got little or nothing for it. That’s about ten percent of GPD if I’m not mistaken. Sure it was like a shot of Heroin in the arm for the stock market, but ‘The Fix’ is about to wear off. One of the government’s economists is stating that the bulk of the stimulus occurred in the second and third quarters of ‘09. There will be a small benefit to the economy in the fourth quarter and after that the stimulus’ effect will be negligible.
So let’s see how far we can go from here with enormous residential ARM’s resetting next year. There’s also an absence of huge Capital for refinancings in the Commercial Real Estate Sector. That’s expected to drag down the banking system and they know what’s coming before long.
Be careful if you keep money in the banks. When they fail, the F.D.I.C. charter has the option to pay out depositors over 30 years. They can also convert deposits into common shares of banks. Depositors might get a combo-deal that they’re not expecting. It only takes a stroke of a pen and you can’t be complacent with the banking system’s difficulties any longer.
So once again, we are locked in a death struggle with Unkle Sam and it’s him or us. In the end, Hyperinflation should finish him off for good, but in the meantime he just won’t die in peace. He’s trying to take us out with him.
Transferred From comments http://www.grandich.agoracom.com
right on SGG
the prophet