Healthcare: Judge Napolitano & Juan Williams

"If I Wanted America To Be A Dictatorship"

Youtube

Movie Trailer: "I Want Your Money"

A new documentary by Ray Griggs set to come out in theaters soon. This film takes a provocative look at our deeply depressed economy and explains the difference between Reaganomics and Obamanomics. Looking forward to this one on the big screen. For now, the trailer is available in HD below. Enjoy - Blogging4Bullion

HeatlhCare and Gold

Below is a great article I stumbled across while doing some research. This one will definitely make you think. Enjoy.

Via Midas and the NIA
The EVIL Healthcare bill and GOLD!
Andy Hoffman

Per my article from two days ago, you are all aware of my view that, if passed, Obama’s healthcare bill will be, WITHOUT COMPARISON, the most damaging Congressional decision in the history of the United States. America’s financial condition is already terminal under all possible scenarios, but passage of this bill will dramatically accelerate the end game, i.e. a collapsing dollar against the value of REAL MONEY (gold and silver) and REAL ITEMS OF VALUE such as food, clothing, shelter, and medicine.

The extremely brief, concise summary of the issue at the bottom of this message will be eye-opening to even the least financially literate, addressing in a nutshell why I have been adamantly telling Americans to PROTECT THEMSELVES against the coming onslaught of inflation. Hyperinflation, in my view, is a near certainty already, and passage of this bill will surely guarantee it. And, once again, my views have nothing to do with politics, just economics. I am neither Democratic nor Republican, and care only for what is in the best interests of our country. Sadly, little if anything has been done in the best interests of this country for a long, long time.

By the way, before you read the article, I’d like you to take a look at what I’ve been watching for the past eight years in the “paper gold” market, the U.S. COMEX gold futures market. Like clockwork, the “paper price” is commonly attacked at 10:00 am EST just minutes after the London P.M. fix, when the last remaining “physical gold” market closes for the day. I have seen literally dozens of such $20-$50 plunges in the gold price over the eight years I have been in this market, as the evil Gold Cartel continues to try and silence inflation expectations by “shooting the messenger”, in other words defusing the historical inflation barometer, gold. By the way, Friday is their favorite day for attacking, in order to keep public opinions controlled during the weekends when they catch up on the week’s events.

Irrespective, gold is up this year for the tenth year in a row, despite still being less than half the level of its inflation-adjusted value (compared to the 1980 market top) of roughly $2,500/oz.. The chart below depicts gold’s performance over the past decade against the Dow, the FTSE (UK), the DAX (Germany), the Nikkei (Japan), and the U.S. Dollar. Government/media propaganda will tell you that gold is a “barbarous relic”, but the reality is that it has been the best performing asset class for the past decade, not just in America but globally. And in my view, the gold bull is only in its second inning of a potentially extra inning game. Not only individuals have been acquiring gold at a record pace, but so now are government Central Banks, as depicted in the following article, www.businessweek.com/news/2010-03-18/central-bank-gold-holdings-expand-at-fastest-pace-since-1964.html. And, by the way, I assure you they have purchased a lot more than the enormous amounts that they have disclosed publicly.

As sure as the aforementioned inflation expectations will eventually be realized (likely sooner rather than later), gold will reach that inflation-adjusted price at a minimum. To simply “balance the books” between available gold supply and the totality of (printed) fiat currency in circulation, the price of gold will have to reach roughly $10,000/oz.. This formula is the same formula that predicted the $900/oz. top in the gold market in 1980, when the U.S. money supply was roughly 10% of what it is today.

Of course, if hyperinflation does take hold, the sky’s the limit on the gold price. Under that scenario, the price becomes meaningless because the currency is depreciating so rapidly. Below, take a look at the charts of silver and gold priced in German Reichsmarks during the Weimer Republic Era following World War I. During this hyperinflationary period, the price of gold rose from roughly 100 marks/oz. in 1919 to 100 trillion marks/oz in 1924, while the price of silver rose from roughly 10 marks/oz. to 1 trillion marks/oz.. And once this happened, a fellow named Hitler took over Germany. Per my repeated commentary about the topic, I firmly believe that conditions are ripening rapidly for the emergence of a Hitler-like demagogue in America. If and when it happens, 250 years of American progress will be dissipated and forgotten forever.

Irrespective of this added commentary, I URGE you to read the brilliant synopsis of the ramifications of the healthcare bill at the bottom of this message.

PROTECT YOURSELF!

Andy

Healthcare Bill to Cause U.S. Hyperinflation By 2015

FORT LEE, N.J., March 20 /PRNewswire/ — The National Inflation Association - inflation.us - today issued a warning to all Americans of a potential outbreak of hyperinflation in the U.S. by year 2015 caused primarily by the healthcare bill and rising interest payments on our national debt.

Medicare was created in 1966 at a cost of $3 billion per year and the House Ways and Means Committee estimated in 1966 that in 1990 the cost of Medicare would reach $12 billion per year. Instead, the actual cost of Medicare in 1990 was $107 billion (792% more than what was projected) and today Medicare costs $408 billion annually. In 2003, the White House Office of Management and Budget estimated that the Iraq War would have a total cost of $50 to $60 billion. So far, we have already spent $713 billion on the Iraq War (over 1,000% more than what was projected).

The Congressional Budget Office is estimating that the healthcare bill will cost $940 billion over the next 10 years, but if history is any indication, the actual cost will likely be several trillion dollars. NIA believes the healthcare bill will be the final nail in the coffin of the U.S. economy and will just about guarantee that we will see hyperinflation by the year 2015.

The U.S. government last week reported a record monthly budget deficit for February 2010 of $220.9 billion. Total tax receipts for the month were only $107.5 billion compared to outlays of $328.4 billion. The total U.S. deficit for the first five months of fiscal year 2010 was $651.6 billion, with tax receipts of $800.5 billion and outlays of $1.45 trillion. The deficit was up 10.5% for the first five months of fiscal year 2010 over the same period in fiscal year 2009.

We are now at a point where if the U.S. government taxed Americans 100% of their income, the tax receipts generated would not be enough to balance the budget. Likewise, if the U.S. government cut 100% of its spending including defense, but kept paying Social Security, Medicare and Medicaid, we would still have a budget deficit. NIA believes it will be impossible for the U.S. to have a balanced budget ever again.

The U.S. national debt is now $12.67 trillion of which $8.061 trillion is public debt. Due to the Federal Reserve’s artificially low interest rates of 0% to 0.25%, interest payments on our national debt last month were only $16.9 billion, an interest rate of only 2.548% on our public debt. The reason for the spread between our 2.548% interest rate on the public debt and the federal funds rate of 0 to 0.25% is that a portion of our national debt is made up of long-term bonds at higher interest rates.

Our debt ceiling was recently raised to $14.3 trillion, which we are on track to reach in less than a year, sending our public debt up to about $10 trillion. If the Federal Reserve raises the federal funds rate up to just 2% during the next year, NIA believes the interest rate on our public debt could rise to 5% and our annual interest payments will likely rise to $500 billion or 23% of projected 2010 tax receipts of $2.165 trillion.

The White House is not projecting for interest payments on the national debt to break the $500 billion mark until fiscal year 2014. By then, even if we go by White House projections that the deficit will be cut to $828 billion in 2012, $727 billion in 2013 and $706 billion in 2014, in 2014 we will still be looking at a national debt of over $18.5 trillion with a public portion of around $13.14 trillion. We find it shocking that the White House is projecting an interest rate on our public debt in 2014 of only around 4%.

All of this means that the While House expects the Federal Reserve to leave interest rates at artificially low levels almost indefinitely. However, we know it will be impossible for them to do so without creating a huge outbreak of inflation in the prices of food, energy, clothing, and just about everything else Americans need to live and survive. In order to prevent hyperinflation, we need interest rates to be higher than the rate of inflation.

NIA believes the real rate of U.S. inflation to already be approximately 5%. If the Federal Reserve doesn’t raise the federal funds rate to above 5% in the short-term, in our opinion, an outbreak of double-digit inflation is inevitable. By 2014, it is possible the Federal Reserve will be forced to raise the federal funds rate up to above 10% and the public portion of our national debt could exceed $15 trillion. Therefore, in 2014 we could see the interest payments on our national debt reach $1.5 trillion, about triple what is currently being projected and 43% of the government’s projected tax receipts that year of $3.455 trillion.

Besides the cost of the healthcare bill and rising interest payments on our national debt, another major catalyst for hyperinflation will be social security payments, which adjust to the CPI-index. As the government’s CPI-index rises, so will the social security payments that it owes. This could cause a death-spiral in the U.S. dollar. Inflation is still the last thing on the minds of most Americans, but soon it will be their primary concern.

To receive NIA’s latest updates about inflation and the economy, sign-up for the free NIA newsletter at: inflation.us

SOURCE National Inflation Association
Link to original document

ObamaCare: See In Detail Who & How They Voted

Data courtesy of the Office Of The Clerk.
Original Link to Information

FINAL VOTE RESULTS FOR ROLL CALL 165
(Democrats in roman; Republicans in italic; Independents underlined)

H R 3590 RECORDED VOTE 21-Mar-2010 10:49 PM
QUESTION: On Motion to Concur in Senate Amendments
BILL TITLE: Patient Protection and Affordable Care Act

Ayes Noes PRES NV
Democratic 219 34
Republican 178
Independent
TOTALS 219 212


---- AYES 219 ---

Ackerman
Andrews
Baca
Baird
Baldwin
Bean
Becerra
Berkley
Berman
Bishop (GA)
Bishop (NY)
Blumenauer
Boccieri
Boswell
Boyd
Brady (PA)
Braley (IA)
Brown, Corrine
Butterfield
Capps
Capuano
Cardoza
Carnahan
Carney
Carson (IN)
Castor (FL)
Chu
Clarke
Clay
Cleaver
Clyburn
Cohen
Connolly (VA)
Conyers
Cooper
Costa
Costello
Courtney
Crowley
Cuellar
Cummings
Dahlkemper
Davis (CA)
Davis (IL)
DeFazio
DeGette
Delahunt
DeLauro
Dicks
Dingell
Doggett
Donnelly (IN)
Doyle
Driehaus
Edwards (MD)
Ellison
Ellsworth
Engel
Eshoo
Etheridge
Farr
Fattah
Filner
Foster
Frank (MA)
Fudge
Garamendi
Giffords
Gonzalez
Gordon (TN)
Grayson
Green, Al
Green, Gene
Grijalva
Gutierrez
Hall (NY)
Halvorson
Hare
Harman
Hastings (FL)
Heinrich
Higgins
Hill
Himes
Hinchey
Hinojosa
Hirono
Hodes
Holt
Honda
Hoyer
Inslee
Israel
Jackson (IL)
Jackson Lee (TX)
Johnson (GA)
Johnson, E. B.
Kagen
Kanjorski
Kaptur
Kennedy
Kildee
Kilpatrick (MI)
Kilroy
Kind
Kirkpatrick (AZ)
Klein (FL)
Kosmas
Kucinich
Langevin
Larsen (WA)
Larson (CT)
Lee (CA)
Levin
Lewis (GA)
Loebsack
Lofgren, Zoe
Lowey
Luján
Maffei
Maloney
Markey (CO)
Markey (MA)
Matsui
McCarthy (NY)
McCollum
McDermott
McGovern
McNerney
Meek (FL)
Meeks (NY)
Michaud
Miller (NC)
Miller, George
Mitchell
Mollohan
Moore (KS)
Moore (WI)
Moran (VA)
Murphy (CT)
Murphy (NY)
Murphy, Patrick
Nadler (NY)
Napolitano
Neal (MA)
Oberstar
Obey
Olver
Ortiz
Owens
Pallone
Pascrell
Pastor (AZ)
Payne
Pelosi
Perlmutter
Perriello
Peters
Pingree (ME)
Polis (CO)
Pomeroy
Price (NC)
Quigley
Rahall
Rangel
Reyes
Richardson
Rodriguez
Rothman (NJ)
Roybal-Allard
Ruppersberger
Rush
Ryan (OH)
Salazar
Sánchez, Linda T.
Sanchez, Loretta
Sarbanes
Schakowsky
Schauer
Schiff
Schrader
Schwartz
Scott (GA)
Scott (VA)
Serrano
Sestak
Shea-Porter
Sherman
Sires
Slaughter
Smith (WA)
Snyder
Speier
Spratt
Stark
Stupak
Sutton
Thompson (CA)
Thompson (MS)
Tierney
Titus
Tonko
Towns
Tsongas
Van Hollen
Velázquez
Visclosky
Walz
Wasserman Schultz
Waters
Watson
Watt
Waxman
Weiner
Welch
Wilson (OH)
Woolsey
Wu
Yarmuth

---- NOES 212 ---
Aderholt
Adler (NJ)
Akin
Alexander
Altmire
Arcuri
Austria
Bachmann
Bachus
Barrett (SC)
Barrow
Bartlett
Barton (TX)
Berry
Biggert
Bilbray
Bilirakis
Bishop (UT)
Blackburn
Blunt
Boehner
Bonner
Bono Mack
Boozman
Boren
Boucher
Boustany
Brady (TX)
Bright
Broun (GA)
Brown (SC)
Brown-Waite, Ginny
Buchanan
Burgess
Burton (IN)
Buyer
Calvert
Camp
Campbell
Cantor
Cao
Capito
Carter
Cassidy
Castle
Chaffetz
Chandler
Childers
Coble
Coffman (CO)
Cole
Conaway
Crenshaw
Culberson
Davis (AL)
Davis (KY)
Davis (TN)
Deal (GA)
Dent
Diaz-Balart, L.
Diaz-Balart, M.
Dreier
Duncan
Edwards (TX)
Ehlers
Emerson
Fallin
Flake
Fleming
Forbes
Fortenberry
Foxx
Franks (AZ)
Frelinghuysen
Gallegly
Garrett (NJ)
Gerlach
Gingrey (GA)
Gohmert
Goodlatte
Granger
Graves
Griffith
Guthrie
Hall (TX)
Harper
Hastings (WA)
Heller
Hensarling
Herger
Herseth Sandlin
Hoekstra
Holden
Hunter
Inglis
Issa
Jenkins
Johnson (IL)
Johnson,Sam
Jones
Jordan (OH)
King (IA)
King (NY)
Kingston
Kirk
Kissell
Kline (MN)
Kratovil
Lamborn
Lance
Latham
LaTourette
Latta
Lee (NY)
Lewis (CA)
Linder
Lipinski
LoBiondo
Lucas
Luetkemeyer
Lummis
Lungren, Daniel E.
Lynch
Mack
Manzullo
Marchant
Marshall
Matheson
McCarthy (CA)
McCaul
McClintock
McCotter
McHenry
McIntyre
McKeon
McMahon
McMorris Rodgers
Melancon
Mica
Miller (FL)
Miller (MI)
Miller, Gary
Minnick
Moran (KS)
Murphy, Tim
Myrick
Neugebauer
Nunes
Nye
Olson
Paul
Paulsen
Pence
Peterson
Petri
Pitts
Platts
Poe (TX)
Posey
Price (GA)
Putnam
Radanovich
Rehberg
Reichert
Roe (TN)
Rogers (AL)
Rogers (KY)
Rogers (MI)
Rohrabacher
Rooney
Ros-Lehtinen
Roskam
Ross
Royce
Ryan (WI)
Scalise
Schmidt
Schock
Sensenbrenner
Sessions
Shadegg
Shimkus
Shuler
Shuster
Simpson
Skelton
Smith (NE)
Smith (NJ)
Smith (TX)
Souder
Space
Stearns
Sullivan
Tanner
Taylor
Teague
Terry
Thompson (PA)
Thornberry
Tiahrt
Tiberi
Turner
Upton
Walden
Wamp
Westmoreland
Whitfield
Wilson (SC)
Wittman
Wolf
Young (AK)
Young (FL)

Paul Ryan Is The Man

Healthcare: A Knife In the Heart Of America

And so it goes, With a vote of 219 - 212 The healthcare bill has passed. Everything about this entire thing is unconstitutional and all those that voted in favor of this socialist bill should be ashamed of themselves. It is truly a sad day to be an American

HealthCare On The Table

Will the healthcare bill pass today? All eyes are on Washington as the actual vote is scheduled around 6:00pm EST. Below is a rough estimate of the timing for Sunday's votes:

2 p.m.: The House will debate for one hour the rules of debate for the reconciliation bill and the Senate bill.

3 p.m.: The House will vote to end debate and vote on the rules of the debate.

3:15 p.m.: The House will debate the reconciliation package for two hours.

5:15 p.m.: The House will vote on the reconciliation package.

5:30 p.m.: The House will debate for 15 minutes on a Republican substitute and then vote on the substitute.

6 p.m.: The House will vote on the final reconciliation package.

6:15 p.m.: If the reconciliation bill passes, the House will immediately vote on the Senate bill, without debate.