Financial topics

[aedens]

49% plus have less than $1,000 to pay for anything unexpected. Any hot inflation and its already been over. Pointless debate since they can’t even afford the co-pays.
There will be no reports on the actual numbers since rationing is on both ends now as the middle is being decimated and already been gutted out.
Like our local poverty rate here, its still climbing as we noted. We already know the who and how. As for the budget report locally is should be out mid June but
I already know what it will be based on what is.

soon the rest will join then as aca http://kff.org/private-insurance/press- ... vey-finds/ and epa energy costs finish whats left. https://www.uschamber.com/blog/double-w ... fewer-jobs

As the VA got there bonuses the EPA will get there also as the Democrats import votes since for years the welfare industry is all until the speculated implosion as we watch.

thread noted: Recent local numbers last 60 days for us outside in the real world also in Michigan:
21.8 percent of children living in poverty 2011, a jump of 30 percent since 2005 in our area.
4 out of every 10 children live in poverty as it was conveyed now in 2014.

Low Income Taxpayer Clinics (LITCs) The "blueprint " just as before on the sticky wages as forumed was our area also. Welcome to what we seen when we watched countless who lost half benefits and one third wages as the taxpayer blindly subsidized the blue prints of plant closing.
Locals note: They are fleeing Puerto Rico for the same reason that everyone else is - decades of dependence on US welfare has destroyed the island's economy and culture. Only criminals and the poor are seen on most streets. This is what "social programs" accomplish.

As for the kill switch notes we had pegged early, we took our lumps from you retards and political dullards since we knew better as we sipped our tea in patience and caring for others actual community needs called work. Red and Blue does not exist in discussions past the welcome mat which is still open to all thinking souls in forbearance since as reminded they will be known by the fruit they bear.

According to the consensus forecasts, growth will probably average about 3.3% for the final three quarters of 2014 and 3% in 2015, compared with a 2.2% average since the recession ended.

When you’re one step ahead of the crowd you’re a genius. When you’re two steps ahead, you’re a crackpot. Rabbi Shlomo Riskin

[aedens]

As such, this story has much wider implications than the obvious one. It demonstrates why corruption, fraud and white-collar crime is metastasizing throughout the land. The rich and powerful have recognized the rule of law has been completely suspended when it comes to them.

http://libertyblitzkrieg.com/2014/05/28 ... tleblower/

Emails and VA memos obtained exclusively by The Daily Beast provide what is among the most comprehensive accounts yet of how high-level VA hospital employees conspired to game the system. It shows not only how they manipulated hospital wait lists but why—to cover up the weeks and months veterans spent waiting for needed medical care. If those lag times had been revealed, it would have threatened the executives’ bonus pay.
What’s worse, the documents show the wrongdoing going unpunished for years, even after it was repeatedly reported to local and national VA authorities. That indicates a new troubling angle to the VA scandal: that the much touted investigations may be incapable of finding violations that are hiding in plain sight.
“For lack of a better term, you’ve got an organized crime syndicate,” a whistleblower who works in the Texas VA told The Daily Beast. “People up on top are suddenly afraid they may actually be prosecuted and they’re pressuring the little guys down below to cover it all up.”

[aedens]

http://www.amazon.com/Planned-Destructi ... 0963219057

[Higgenbotham]

http://libertyblitzkrieg.com/2014/05/28 ... tleblower/

It tells you all you need to know about the state of affairs across virtually all institutions and multi-national corporations. As I have said many times before, the primary driver of U.S. GDP at the moment is corruption, fraud and criminality.

This quote is from the end of the article. With health care being 17% of the economy...

[Higgenbotham]

‘World War’

Sergei Glazyev, an economic adviser to Russian President Vladimir Putin, said the U.S. controls the new Ukrainian government and is seeking to use the conflict to start a “third world war.”

“This can’t be called anything but madness -- the bombing of cities, airports, escalation of unmotivated violence against their own people,” Glazyev told reporters today in the Kazakh capital Astana.

http://www.bloomberg.com/news/2014-05-2 ... osses.html

[Higgenbotham]

OK, so let me get this straight:

1. CNN's John King reports that Democrats are privately calling President Obama "detached," "flat footed," and "incompetent."
2. The U.S. economy contracted by 1% in the first quarter.
3. Sergei Glazyev, an economic adviser to Russian President Vladimir Putin, said the U.S. controls the new Ukrainian government and is seeking to use the conflict to start a “third world war.”

The S&P 500 closes at a new record high.

[gerald]

OK, so let me get this straight:

1. CNN's John King reports that Democrats are privately calling President Obama "detached," "flat footed," and "incompetent."
2. The U.S. economy contracted by 1% in the first quarter.
3. Sergei Glazyev, an economic adviser to Russian President Vladimir Putin, said the U.S. controls the new Ukrainian government and is seeking to use the conflict to start a “third world war.”

The S&P 500 closes at a new record high.

H -- you are just reading headlines from "The Onion", the above can't be true, it is just satire.

[Higgenbotham]

H -- you are just reading headlines from "The Onion", the above can't be true, it is just satire.

I wasn't aware that the hardline talk from Sergei Glazyev has been going on for awhile. This is from March 4, 2014:

(Reuters) - A Kremlin aide was quoted on Tuesday as saying that if the United States were to impose sanctions on Russia over Ukraine, Moscow might be forced to drop the dollar as a reserve currency and refuse to pay off any loans to U.S. banks.

Sergei Glazyev, who is often used by the authorities to stake out a hardline stance but does not make policy, was cited by RIA news agency as saying Moscow could recommend that all holders of U.S. treasuries sell them if Washington freezes the U.S. accounts of Russian businesses and individuals.

http://www.reuters.com/article/2014/03/ ... 0D20140304

And Russia has followed through on some of these threats, or should I say promises.

The Treasury’s latest international capital flow report shows Russia’s Treasury securities holdings tumbling to $100 billion in March, from $126 billion in February. That’s a record monthly decline for Russia and the largest drop by far for any one nation that month.

http://blogs.wsj.com/moneybeat/2014/05/ ... -in-march/

[jcsok]

HIgg - another that you didn't mention = gold and silver making new lows because the peaceful world we live in, the strength of the US dollar because of its scarcity, and finally, because the central bankers' vaults are overflowing and don't need auditing

[Higgenbotham]

HIgg - another that you didn't mention = gold and silver making new lows because the peaceful world we live in, the strength of the US dollar because of its scarcity, and finally, because the central bankers' vaults are overflowing and don't need auditing.

I suppose if all the gold in the vaults has been "Corzined" and is no longer in the vaults, the job of selling it off could depress prices for awhile...I hadn't thought of that angle until now.