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The Unaffordable Scare Act – Know Your Rates

KNOW YOUR RATES

Funny how the only ones against the “Affordable” Healthcare Act, are those that actually read the bill.

How does anyone trust Nancy ‘We have to pass the bill so you can find out what’s in it’ Pelosi and Barack ‘If you like your healthcare plan, you can keep it’ Obama?

These politicians aren’t stupid. It’s just getting harder to feed you the same B.S.!!!

Whether they liked it or not, already 4.8 million are reported to have lost their healthcare plan due to insurers dropping their coverage.

But it’s okay, as 26,000 people, or 0.0083% of the American population, have been enrolled with Obamacare! At this same rate, it’ll only take thousands of years to get everyone signed up!

I can’t wait to hear how Obama will “fix” it and ‘save the day’ once again. The politics of this is ridiculous.

If this wasn’t so awful, I’d be laughing.

I’ll see you on the other side when our taxes skyrocket because of the “free” healthcare.

“In the average state, Obamacare will increase underlying premiums by 41 percent. As we have long expected, the steepest hikes will be imposed on the healthy, the young, and the male. And Obamacare’s taxpayer-funded subsidies will primarily benefit those nearing retirement—people who, unlike the young, have had their whole lives to save for their health-care needs.”

“Obamacare’s supporters argue that these rate increases aren’t important, because many people will be protected from them by federal subsidies. Those subsidies aren’t free—they’re paid for by taxpayers–and so it is irresponsible for people to argue that subsidies somehow make irrelevant the underlying cost of health insurance.”

[source] Forbes 49-State Analysis: Obamacare To Increase Individual-Market Premiums By Average Of 41%

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Watch Wall Street in March

The Wall Street flood in downtown St. Paul, MN the other day pointed toward the possibility that the coming prayer battle (2/17 to 3/18) may involve the stock market in NY.

It appears that some business insiders believe that the there will be a very large market “correction” (i.e., downturn) by April. They have purchased millions of dollars worth of something called “put options.” That simploy means that they are betting that the market will drop before April. Most of the time, no one buys more than 500 put options, but one mysterious investor has bought 150,000 put options at $75 apiece. In other words, he was willing to bet more than $11 million that the market will drop by April when those contracts expire.

Here is an article from February 6, 2013,

http://theeconomiccollapseblog.com/archives/do-wall-street-insiders-expect-something-really-big-to-happen-very-soon

A new trade just appeared that suggests there will be a market event in the near future. Last week somebody put on a call spread on the VIX using the April 20 and 25 puts. They bought 150,000 contracts for a net of $75 per contract. That is an $11,250,000 bet that the VIX will move over 20 over the next 60 days. You would have to be VERY confident in your outlook to risk $11 million on a directional position with the VIX at five year lows and the markets trying to break out to new highs.

The same article comments on this, adding more details:

So what does all of this mean?  Well, it could mean absolutely nothing or it could mean that there are people out there that actually have insider knowledge that a market crash is coming.  Evaluate the evidence below and decide for yourself…

For some reason, corporate insiders have chosen this moment to unload huge amounts of stock.  According to a CNN article, corporate insiders are now selling nine times more of their own shares than they are buying…

In a more long-term outlook, we note that the Baltic Dry Index has again collapsed to levels not seen since late 2008 in the aftermath of the Lehman Brothers collapse (Sept. 2008).

http://investmenttools.com/futures/bdi_baltic_dry_index.htm

The BDI measures overseas shipping, which is a good indicator of how much trade is taking place between nations. A collapse of the BDI means that many ships are sitting idle in a harbor somewhere. Apparently, people have held off on purchasing things, at least from overseas suppliers, in recent months.

On February 12 President Obama is going to give his State of the Union speech. No doubt he will picture the economy with rose-colored classes, since his job description as president is to inspire confidence–not to tell the truth, which the people hate to hear. But the fact is, the party is over. This American generation is used to getting free or cheap goods made overseas, and because those exporting countries have kept those dollars, or have re-invested them in Treasury bonds, our payments have been put off into the future.

The problem is that since 2008 those other countries have begun to be more reluctant to buy Treasury bonds. So in recent months the Federal Reserve has had to step in and buy them to the tune of $45 billion worth per month. How long can it keep up that pace? This has now gotten to the place where the Fed is literally buying MORE than the Treasury is selling. In other words, others are selling faster than they are buying, and so the Fed is making up the difference again.

http://cnsnews.com/news/article/fed-has-bought-more-us-gov-t-debt-year-treasury-has-issued

(CNSnews.com) – So far this calendar year, the Federal Reserve has bought up more U.S. government debt than the U.S. Treasury has issued.

Thus, the Federal Reserve’s purchases of U.S. government debt in this calendar year have exceeded the Treasury’s net debt issues by about $3.9 billion.

Also last week, the Federal Reserve announced that it “will  continue purchasing additional … longer-term Treasury securities at a pace of $45 billion per month.”

If the Fed continues to purchase $45 billion in additional federal debt each month in 2013 it will buy up another $540 billion in federal debt this year alone.

The government has been saying for years that we are beginning to recover from the collapse of 2008. It was supposed to recover in 2009, then in 2010, then in 2011, then in 2012, and now again in 2013. We are not really recovering. We are crawling along at the bottom of the cliff that we fell off in 2008. There is no way to recover to previous levels, because the debt level gives no confidence to investors. Thus, corporations are saving their money for a rainy day. In other words, they believe that the rainy day is yet to come.

And now we are told that some very wealthy investors are once again betting that the markets will go down by April. It has been pointed out that those people have done the same just before market collapses in the past. They do their homework; this is their business, after all.

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William Black testifies to congress about bank fraud allowed by government regulators

This is a 5-minute video of blunt testimony.

http://www.examiner.com/video/banksters-william-black-tells-the-real-truth


Bank Left Speechless by Irish Journalist

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$43 trillion lawsuit and NYC nanny murders linked

On April 17, a complaint was drafted by the Spire Law Group, LLP against large Wall Street banks, mortgage brokers and government officials. The first time the lawsuit was publicized by a national media outlet was last week. The day after it was published, two children in Manhattan’s upper west side were allegedly murdered by their nanny, who then allegedly slit her own throat and wrists.

There may be a coincidental link between the lawsuit and the horrific murders…or there may be a lot more to it than that. Regardless of whether it is coincidence or something more sinister, there is a connection between the lawsuit and the murders.

The complaint was filed in the Supreme Court of the State of New York, county of Kings on August 24. It seeks the return of $43 trillion to the US treasury relating to the mortgage crash, Ponzi schemes and TARP bailout that resulted from it, as well as restitution for the plaintiffs.

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Are the banksters finally looking at payback?
Are the banksters finally looking at payback?
Photo credit:  Courtesy of bartcop.com

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The lawsuit had not been publicized in the national media until the day before the murders, when CNBC ran a piece about it on their web site. The children murdered, Lucia Krim, six, and her two-year-old brother, Leo, were two of the three children of Kevin and Marina Krim. Kevin Krim, astonishingly, is senior vice president and general manager of CNBC Digital, who would have had to have been involved in any decision regarding the publishing of a story about a lawsuit of this magnitude on CNBC’s web site.

Within hours of the murders, the story about the lawsuit was removed from CNBC’s web site. It currently can be found on The Wall Street Journal Market Watch web page. A screenshot of the CNBC piece was taken by a blogger named Sherrie and posted on her site, Sherrie Questioning All. The CNBC link to the article now brings up a blank page.

The Lawsuit

There are 838 plaintiffs in this case and 1808 defendants. Some of the huge banks named as defendants are:

  • Bear Sterns (acquired by JPMorgan Chase)
  • JPMorgan Chase
  • Wachovia
  • Citigroup
  • Wells Fargo
  • Bank of America
  • HSBC
  • Deutsche Bank
  • US Bancorp
  • PNC Bank
  • Ally Financial
  • One West
  • Countrywide Financial

Some of the government officials named as defendants are:

  • Attorney General Eric Holder
  • Treasury Secretary Timothy Geithner
  • Former New Jersey Governor Jon Corzine
  • California Attorney General Kamala Harris
  • Former Treasury Secretary Robert Rubin

The claims presented in the complaint are consistent with common knowledge of the events leading up to the financial crash of 2008. There was a “a systemic fraud on thousands of investors” concerning the mortgage-backed securities first packaged and sold by Bear Stearns, later acquired by JPMorgan Chase as part of the US governmental bailout of the banks after the 2008 crash. These securities, a combination of home mortgages, credit card debt and student loans, were bundled together and sold on the global markets after given a fake AAA rating with intent by the seller to defraud and deceive investors.

Many offshore banks are named in the complaint in conjunction with the “too big to fail” banks. The complaint alleges that transferring the monies to offshore accounts was the means by which the big banks hid what was acquired by the mortgage-backed securities scam until the loans were securitized, then actual money and property could be seized from individuals. In other words, the $787 billion of taxpayer money issued through the TARP bailout and trillions of dollars of property owner’s money was allegedly stolen through racketeering and money laundering.

According to the complaint, this was “the largest [Ponzi] scheme in US history where domestic banking institutions – on an international basis” conspired together with the common purpose of engaging in a “worldwide scheme to steal, rob and convert the personal property, money and proceeds of such assets of each Plaintiff herein” with the obvious purpose of a conspiratorial “decade-long systematic conversion…that damaged millions of borrowers across the US.”

The defendants involved in the Ponzi scheme allegedly committed criminal violations of the PATRIOT Act, the policy of embargo against Iran and other foreign nations hostile toward the United States, as well as the Racketeering Influence and Corrupt Organizations Act. There are additional federal and state laws that were also allegedly violated.

The lawsuit seeks to freeze all foreclosures until $43 trillion is returned to the US treasury. Audits of the Federal Reserve and bailout program by independent investigators will be sought.

Whether or not this lawsuit has merit, it is obvious that many organizations and powerful individuals, globally and domestically, are facing a lot of public scrutiny if this case becomes highly publicized. Thus far only two national media outlets have covered this story, exclusively on the web, and one of them has already pulled it down, so it remains unknown to most of the general public.

The Murders

Yoselyn Ortega, 50, the nanny for the Krim family, allegedly plunged a kitchen knife into two of their children then attempted to take her own life by slitting her wrists and slashing her own throat. Several anomalies can be found when sifting through the news reports.

Firstly, suicide by cutting or piercing is extremely rare, generally occurring in less than two percent of all suicides and it rarely ever involves a woman. Slitting one’s own throat is even more statistically infrequent. Ortega allegedly did both. CBS news reported that she also suffered broken vertebrae.

Secondly, there are conflicting media reports about the horrific events of that evening. Some media outlets reported that Ortega slashed her wrists and throat after Marina arrived at the horrible scene. Others say Ortega was found on the floor bleeding after Mrs. Krim turned on the lights in a darkened apartment.

Thirdly, several reports have cited friends and family of both Ortega and the Krim’s who expressed shock at the murders because the Krim’s treated Ortega “like family” and that “she loved those kids.” So much so that the Krim family reportedly visited Ortega’s family in the Dominican Republic, even paying for her air fare.

Fourthly, Ortega had no criminal record and although family members said she had spoken about seeing a therapist, toxicology reports performed on her came back negative. A search warrant executed on the nanny’s apartment turned up no clues of a motive in the slayings of the Krim children and any possible motive has yet to be established.

Fifthly, Ortega has not yet been formally charged and had for days been unable to speak after her throat injuries and then being put into a medically-induced coma. Recently, according to the NY Daily News, she has spoken, inquiring about family members but has not yet spoken to police investigators. She may be arraigned at her hospital bed.

Lastly, and perhaps most significantly, there have been conflicting reports about statements from neighbors present in the building on that horrific evening. The New York Times initially reported that a neighbor said the superintendent of the building, who had arrived on the scene, was yelling: “You slit her throat! You slit her throat!” That has since been redacted from the original article, although the NY Daily News also reports that a neighbor heard the super screaming, “The kids are dead! The kids are dead! And the nanny has something sticking out of her throat!”

In fact, the only reports indicating that Ortega may have been predisposed to commit such an unspeakable crime are friends and family that said she has financial problems, had appeared to have lost weight and aged quickly, and had spoken of seeking professional help. At this point, it appears that this case will hinge on forensic evidence.

So, to sum up, based on conflicting media reports, there are several anomalies and contradictions. No evidence has been released to the public that shows that Ortega murdered the Krim children and slit her own wrists and throat. In fact, sifting through all of the media reports only makes this case more confusing.

This raises some questions. If the superintendent indeed said, “You slit her throat!” and “The nanny has something sticking out of her throat!” to whom was he directing those words? If the apartment was dark when Mrs. Krim arrived, why would Ortega turn off the lights if she intended to slit her own wrists and throat? It is certainly implausible that she turned the lights off afterwards. What is the motive? If Ortega was mentally disturbed enough to do something so unspeakably horrible, how could a family that has seen her every day and taken a trip with her to see her home country not see any signs of that?

Certainly, all of these questions will be addressed by investigators, as well as forensic evidence. It is impossible to know what really happened from media reports alone.

Conclusion

If it can be proven through forensic and other evidence that Ortega is indeed guilty of this terrible crime, then this case and the fact that the father of these children was the first to allow the largest class action monetary claim in the history of the federal courts to be nationally publicized, will be written off as a coincidence. If not, then someone may be sending a message to the corporate media that they had better toe the corporate line from now on. It will be interesting to follow the developments in both cases.

Sources:

Supreme Court of the State of New York – Case 1:12-cv-04269-JBW-RML, Index No. 500827/2012 (pdf)

Spire Law Group, LLP

Kevin Krim on Linked In

The Wall Street Journal Market Watch

Sherrie Questioning All

Suicide.org – Suicide statistics

Center for Disease Control – WISQARS leading causes of death reports (interactive database)

CBS news

NY Daily News

Daily Mail UK

New York Times

New York Post

Wall Street Journal

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Iceland Financial Liberation – The Untold Story [1]

ICELAND -No news from Iceland?… why? How come we hear everything that happens in Egypt but no news about what’s happening in Iceland?

In Iceland, the people has made their government resign, the primary banks have been nationalized, it was decided to not pay the debt that these created with Great Britain and Holland due to their bad financial politics and a public assembly has been created to rewrite the constitution.

And all of this in a peaceful way. A whole revolution against the powers that have created the current global crisis. This is why there hasn’t been any publicity during the last two years: What would happen if the rest of the EU citizens took this as an example? What would happen if the US citizens took this as an example?

This is a summary of the facts:

2008: The main bank of the country is nationalized.
The Krona, the currency of Iceland devaluates and the stock market stops. The country is in bankruptcy

2008: The citizens protest in front of parliament and manage to get new elections that make the resignation of the prime minister and his whole government.
The country is in bad economic situation.
A law proposes paying back the debt to Great Britain and Holland through the payment of 3,500 million euros, which will be paid by the people of Iceland monthly during the next 15 years, with a 5.5% interest.

2010: The people go out in the streets and demand a referendum. In January 2010 the president denies the approval and announces a popular meeting.
In March the referendum and the denial of payment is voted in by 93%. Meanwhile the government has initiated an investigation to bring to justice those responsible for the crisis, and many high level executives and bankers are arrested. The Interpol dictates an order that make all the implicated parties leave the country.

In this crisis an assembly is elected to rewrite a new Constitution which can include the lessons learned from this, and which will substitute the current one (a copy of the Danish Constitution).
25 citizens are chosen, with no political affiliation, out of the 522 candidates. For candidacy all that was needed was to be an adult and have the support of 30 people. The constitutional assembly starts in February of 2011 to present the ‘magna carta’ from the recommendations given by the different assemblies happening throughout the country. It must be approved by the current Parliament and by the one constituted through the next legislative elections.

So in summary of the Icelandic revolution:
-resignation of the whole government
-nationalization of the bank.
-referendum so that the people can decide over the economic decisions.
-incarcerating the responsible parties
-rewriting of the constitution by its people

Have we been informed of this through the media?
Has any political program in radio or TV commented on this?
No! The Icelandic people have been able to show that there is a way to beat the system and has given a democracy lesson to the world.

Please spread the news as Iceland is the role model now although sooner or later, the banksters will start demilishing their nationalized bank.

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US Files Civil Mortgage Fraud Lawsuit Against Wells Fargo

http://www.dailyfinance.com/2012/10/09/us-files-civil-mortgage-fraud-lawsuit-against-wells-fargo/

The complaint, brought by the U.S. Attorney in Manhattan, seeks damages and civil penalties from Wells Fargo for more than 10 years of alleged misconduct related to government-insured Federal Housing Administration loans.

The lawsuit alleges the FHA paid hundreds of millions of dollars on insurance claims on thousands of defaulted mortgages as a result of false certifications by Wells Fargo, the fourth-biggest U.S. bank as measured in assets.The bank denied the allegations ….

No doubt this will end as the others have ended. The bank will pay a fine in exchange for not admitting that they did anything illegal.

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CFTC limits ability to manipulate silver prices

A big win for the silver market! Just what I’ve been waiting for!

http://www.cftc.gov/PressRoom/PressReleases/pr6413-12

The CFTC today set limits on how much any one person may buy or sell in the silver market. The purpose of this rule is to limit anyone’s ability to manipulate silver prices.

It’s about time! The big silver manipulators fought hard and lost. This is a good indication just how much power they have lost recently.
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$43 Trillion lawsuit takes ugly turn

$43 Trillion lawsuit takes ugly turn

On October 25, 2012 a $43 Trillion lawsuit was reported against various bankers and government officials in regard to the mortgage scandal, cover-ups, and racketeering.

http://www.marketwatch.com/story/major-banks-governmental-officials-and-their-comrade-capitalists-targets-of-spire-law-group-llps-racketeering-and-money-laundering-lawsuit-seeking-return-of-43-trillion-to-the-united-states-treasury-2012-10-25

The article above no longer exists on Marketwatch, as they have removed it after it garnered too much attention.

You can view an archived version here.

CNBC reported this, perhaps not realizing that such news is controlled and is not supposed to be released to the public. Within hours it was taken down, after CNBC’s media executive, Kevin Krim, discovered that two of their children had been murdered in his home–supposedly by the trusted nanny, who convenniently killed herself at the same time.

http://www.news.com.au/world/nanny-kills-cnbc-media-executive-kevin-krims-two-children-in-the-bath/story-fndir2ev-1226503858940

The problem is that for the rich and powerful, it is too easy to get away with murder. But it looks to me as if CNBC got the message.

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