Month: February 2013

IRS: Obamacare To Cost The Average American Family $20,000 A Year In Health Insurance Alone!

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– Obamacare to soon cost the average American family $20,000 a year, announces IRS (Natural News, Feb 1, 2013):

Under Obamacare, American families are forced to buy conventional health insurance that primarily benefits the pharmaceutical industry. By 2016 — just three years from now — the cheapest health insurance plan available will cost a typical American family $20,000 a year, the IRS has now announced.

Here’s the news: The IRS just published descriptions of the financial penalties American taxpayers will pay if they fail to purchase the rip-off health insurance mandated under Obamacare.

“The examples point to families of four and families of five, both of which the IRS expects in its assumptions to pay a minimum of $20,000 per year for a bronze plan,” reports CNS News.

It goes on to report, “The IRS’s assumption that the cheapest plan for family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan.”

We warned ya: Obamacare has always been a financial scam

Read moreIRS: Obamacare To Cost The Average American Family $20,000 A Year In Health Insurance Alone!

Obama Administration Calls US Embassy Bombing In Turkey An ‘Act Of Terror’

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Turkish prime minister Recep Tayyip Erdogan says early information links Ankara bomber to a domestic militant group


Turkish police closed off the street to all traffic for fear of a second bomb attack. Photograph: Li Ming/Xinhua/Corbis

– US embassy bombing in Turkey called ‘act of terror’ by Obama administration (Guardian, Feb 1, 2013):

The Obama administration has declared a suicide bomb at the US embassy in Turkey, in which the attacker and a local guard died, as an “act of terror”.

There was no immediate claim of responsibility, but Turkish prime minister Recep Tayyip Erdogan said preliminary information obtained by police indicated that the bomber was likely connected to a domestic left-wing militant group.

Read moreObama Administration Calls US Embassy Bombing In Turkey An ‘Act Of Terror’

Hedge Fund Manager Kyle Bass Tells ‘Nominal’ Stock Market Cheerleaders: Remember Zimbabwe

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– Kyle Bass Tells ‘Nominal’ Stock Market Cheerleaders: Remember Zimbabwe (ZeroHedge, Feb 1, 2013):

Amid the euphoria of today’s crossing of the Dow’s Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC’s Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, “Zimbabwe’s stock market was the best performer this decade – but your entire portfolio now buys you 3 eggs” as purchasing power is crushed. Investors, he says, are “too focused on nominal prices” as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation – no matter what we are told by the government (as they will always lie when its critical). Own ‘productive assets’, finance them at low fixed rates (thank you Ben), and finally, on HLF, don’t bet against Dan Loeb.

Friday Tragicomedy: Former Fed Advisor Urges Fed To Buy More, ‘A Lot More’ … $30 TRILLION More

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ROFL!

– Friday Tragicomedy: Former Fed Advisor Urges Fed To Buy More, “A Lot More” … $30 Trillion More (ZeroHedge, Feb 1, 2013):

While we can only hope the following screed posted in an otherwise serious BusinessWeek, by David Kemper, CEO of Commerce Bankshare, and more importantly, a former president of the Federal Advisory Council of the Federal Reserve and thus indicative of the kind of “advice” the Fed receives, is a joke we have a very nagging feeling that the text below is actually serious. Which is why instead of Friday humor, we have decided to err on the side of caution and call this segment Friday tragicomedy. Because with a statement such as the following: “Why not expand the Fed balance sheet exponentially, from its current $3 trillion to $33 trillion… Would $30 trillion in extra buying power be inflationary when our entire current GDP is only about $15 trillion? Maybe, maybe not—but we need a game-changer here. First let’s celebrate the Fed’s record profits and its contribution to reducing our deficit. Then let’s seize the moment to do something truly grand: eliminate that stubborn deficit. We have the tools, and I, for one, say let’s give it a try.”… it shows that the idiotic trillion dollar coin, Sheila Bair’s farcical suggestion to let every American borrow $10 million from the Fed at zero rates, or even our suggestion from a year ago that the government build a Death Star, may appear as sheer genius in comparison to what else the Fed may be considering, and implement, before all this is said and done.

From BusinessWeek

QE Cubed: A Modest Proposal for More Fed Buying. A Lot More

by David Kemper, Chairman, President and Chief Executive Officer of Commerce Bancshares, Inc., and Past President of the Federal Advisory Council of the Federal Reserve

The ongoing depressing news about the American fiscal situation has obscured the startling and very impressive earnings performance recently announced by the Federal Reserve. The Fed, in its usual understated way, just revealed it will be turning over $90 billion in 2012 profits to the U.S. Treasury, a much-needed contribution that will put a sizable dent in our nation’s current $1 trillion federal deficit.

Read moreFriday Tragicomedy: Former Fed Advisor Urges Fed To Buy More, ‘A Lot More’ … $30 TRILLION More

Labor Unions ‘Turn Sour’ On Obama, Finally Read Obamacare Fine Print, Realize Costs Set To Spike

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– Labor Unions Finally Read Obamacare Fine Print, Realize Costs Set To Spike, “Turn Sour” On Obama (ZeroHedge, Jan 31, 2013):

It is a well-known fact that nobody in Congress ever reads, or even skims, any law, and especially not the fine print, it passes until long after it has been enacted into law. It appears the same is just as true for the biggest pillar of support for the Obama administration: America’s labor unions, whose liberal vote every election is instrumental to preserving the outflow side of America’s welfare state. As it turns out, it was the same labor unions who enthusiastically supported the primary accomplishment of the Obama administration in the past 4 years, Obamacare, only to realize, long after it has become reality that, surprise, their healthcare plan costs are about to go up. And, as the WSJ colorfully summarizes, they are now “turning sour.“

From WSJ:

Union leaders say many of the law’s requirements will drive up the costs for their health-care plans and make unionized workers less competitive. Among other things, the law eliminates the caps on medical benefits and prescription drugs used as cost-containment measures in many health-care plans. It also allows children to stay on their parents’ plans until they turn 26.

Read moreLabor Unions ‘Turn Sour’ On Obama, Finally Read Obamacare Fine Print, Realize Costs Set To Spike

Dutch SNS Bank Fails On Real Estate Losses: First ‘Too Big To Fail’ Nationalization In Five Years

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– Dutch SNS Bank Fails On Real Estate Losses: First “Too Big To Fail” Nationalization In Five Years (ZeroHedge, Feb 1, 2013):

Earlier today we got one hint that not all is well in the European banking system, as far less than the expected €200 billion was tendered back to the ECB in the second LTRO repayment operation, when just 27 banks paid back some €3.5 billion. Another, perhaps far bigger one, comes courtesy of AAA-rated Netherlands, which just experienced its first bank failure since 2008 following the nationalization of SNS Reall NV, as the previously announced bad loan writedown finally claimed the bank. As a reminder, half a month ago we got news that “SNS Reaal NV (SR), a Dutch bank and insurer struggling to wind down a money-losing real estate lending unit, fell the most in more than two months after a report said it may have to post a 1.8 billion-euro ($2.4 billion) writedown on property-finance loans.” Today we got the inevitable conclusion: nationalization, one which will cost taxpayers about $5 billion to avoid contagion to what many see as Europe’s “strongest” banking system.

From Bloomberg:

The move, aimed “at stabilizing the SNS Reaal group,” will cost taxpayers 3.7 billion euros ($5 billion), the Dutch Finance Ministry said in a statement today. SNS’s property- finance unit will be separated from the company.

Read moreDutch SNS Bank Fails On Real Estate Losses: First ‘Too Big To Fail’ Nationalization In Five Years

Syria Threatens ‘Surprise’ Response To Israel Air Raid – Iran And Russia Pile In

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– Syria Threatens “Surprise” Response To Israel Air Raid; Iran And Russia Pile In (ZeroHedge, Jan 31, 2013):

In the aftermath of yesterday’s surprising attack by Israel on Syrian soil, an act which any prior justification notwithstanding is a clear act of war sovereign aggression, it was only a matter of time before Syria responded, at least diplomatically at first. And as we also noted yesterday that “Iran has previously warned that any attack on Syria is the same as an attack on Iran” it was safe to assume that Iran would have a thing or two to say in response as well. Earlier today they did just that, with Syria warning that a “surprise” response to the Israel attack is forthcoming, while the “Iranian deputy foreign minister Hossein Amir Abdullahian said the attack “demonstrates the shared goals of terrorists and the Zionist regime… It is necessary for the sides which take tough stances on Syria to now take serious steps and decisive stances against this aggression by Tel Aviv and uphold criteria for security in the region.” Finally yesterday we wondered “how Russia and/or China which have made clear that Syria is a strategic geopolitical center for both in the past will react”, and today we know: “Russia, which has blocked Western efforts to put pressure on Syria at the United Nations, said that any Israeli air strike would amount to unacceptable military interference.” So far nothing from China, which has in the past let Russia be its proxy on Syrian matters.And while the rhetoric has soared on all sides, it remains to be seen if Syria will indeed challenge Israel or if it will retain its bluster, an act which will simply invite Bibi to launch ever more offensive sorties until one day something finally does snap.

From Reuters:

Syria protested to the United Nations on Thursday over an Israeli air strike on its territory and warned of a possible “surprise” response.

Read moreSyria Threatens ‘Surprise’ Response To Israel Air Raid – Iran And Russia Pile In

Israeli Jets Bomb Syrian Military Site

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– Israeli Jets Bomb Syrian Military Site (ZeroHedge, Jan 30, 2013):

In what was the first clear instance of aggression by Israel toward Syria, overnight Israeli jets conducted a bombing run over a military site in Syria, targeting what according to Israel was a military convoy heading to Lebanon. As Al Arabiya reports: “Israeli jets bombed a convoy on Syria’s border with Lebanon on Wednesday, sources told Reuters, apparently targeting weapons destined for Hezbollah in what some called a warning to Damascus not to arm Israel’s Lebanese enemy. “The target was a truck loaded with weapons, heading from Syria to Lebanon,” said one Western diplomat, adding that the consignment may well have included anti-aircraft missiles. The overnight attack, which several sources placed on the Syrian side of the border, followed warnings from Israel that it was ready to act to prevent the revolt against President Bashar al-Assad leading to Syria’s chemical weapons and modern rockets reaching either his Hezbollah allies or his Islamist enemies.”

More on the target and location of the attack:

Read moreIsraeli Jets Bomb Syrian Military Site

With No Way To Process It, US Will Bury 70,000 Tons Of Nuclear Waste

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– With no way to process it, US will bury 70,000 tons of nuclear waste (RT, Feb 1, 2013):

With two decades to go before it can reprocess spent nuclear fuel, the US will have to bury nearly 70,000 tons of it, a research lab reports. It comes after Congress and the Obama administration defunded a planned nuclear waste repository in 2011.

­The Oak Ridge National Laboratory, a facility that does research for the Department of Energy (DOE), said that “about 68,450 [metric tons] or about 98 percent of the total current inventory by mass, can proceed to permanent disposal without the need to ensure retrievability for reuse or research purposes” in its report, published near the end of 2012. The rest of the waste, the report said, could be kept available for research on fuel reprocessing and storage.

The report was fairly obscure until being cited in a DOE document that showed plans to find a new permanent waste dump after Congress and the Obama administration cut funding for the Yucca Mountain repository in 2011.

Read moreWith No Way To Process It, US Will Bury 70,000 Tons Of Nuclear Waste

U.S. To Bury Its 70,000 Tonnes Of Nuclear Waste

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– U.S. to Bury its 70,000 Tonnes of Nuclear Waste (Oil Price, Jan 28, 2013):

Oak Ridge National Laboratory has released a recent study which has determined that if and when the US ever decides to actually pursue the technology to recycle nuclear waste, it will take 20 years to develop. Based on this knowledge they have suggested that the current stockpile of spent nuclear fuel should be buried without any thought as to its retrieval in the future.

Officials from Oak Ridge involved in the report said that, “based on the technical assessment, about 68,450 metric tons or about 98 percent of the total current inventory by mass, can proceed to permanent disposal without the need to ensure retrievability for reuse or research purposes.” The remaining two percent will be used for research into recycling and storage technologies.

Read moreU.S. To Bury Its 70,000 Tonnes Of Nuclear Waste

Over 1000 Green Berets Sign Letter Supporting Second Amendment

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Military professionals agree second amendment is primarily a defense against government tyranny

– Over 1000 Green Berets Sign Letter Supporting Second Amendment (Propagandamatrix, Jan 31, 2013):

Over 1000 Green Berets have signed a letter re-asserting their oath to support and defend the Constitution by protecting the second amendment rights of American citizens.

The letter, which originally featured at ProfessionalSoldiers.com, was written by “current or former Army Reserve, National Guard, and active duty US Army Special Forces soldiers.”

It highlights the fact that the Constitution was drafted primarily as a means of protecting citizens against “governmental tyranny and/or oppression,” further citing the words of Supreme Court Justice Joseph Story, who outlined the purpose of the second amendment when he stated, “The right of the citizens to keep and bear arms has justly been considered, as the palladium of the liberties of a republic; since it offers a strong moral check against the usurpation and arbitrary power of rulers; and will generally, even if these are successful in the first instance, enable the people to resist and triumph over them.”

“Throughout history, disarming the populace has always preceded tyrants’ accession of power. Hitler, Stalin, and Mao all disarmed their citizens prior to installing their murderous regimes,” states the letter. “At the beginning of our own nation’s revolution, one of the first moves made by the British government was an attempt to disarm our citizens. When our Founding Fathers ensured that the 2nd Amendment was made a part of our Constitution, they were not just wasting ink. They were acting to ensure our present security was never forcibly endangered by tyrants, foreign or domestic.”

Read moreOver 1000 Green Berets Sign Letter Supporting Second Amendment

Obamacare ‘Glitch’ Allows Some Families To Be Priced Out Of Health Insurance

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– Obamacare ‘Glitch’ Allows Some Families To Be Priced Out Of Health Insurance (Huffington Post, Jan 31, 2013):

WASHINGTON — Some families could get priced out of health insurance due to what’s being called a glitch in President Barack Obama’s overhaul law. IRS regulations issued Wednesday failed to fix the problem as liberal backers of the president’s plan had hoped.

As a result, some families that can’t afford the employer coverage that they are offered on the job will not be able to get financial assistance from the government to buy private health insurance on their own. How many people will be affected is unclear.

Read moreObamacare ‘Glitch’ Allows Some Families To Be Priced Out Of Health Insurance

Soy Milk Is Bad For You

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– Soy: Eat It or Leave It? (WakingTimes, Jan 31, 2013):

I stop by Starbucks every now and then for my morning coffee. The other day I noticed they’d put some pamphlets on the checkout counter about how good their soy milk is for you. I’d like to share my thoughts on this.

Many people think of soy milk as a healthy milk substitute – including a lot of my clients – and I doubt Starbucks means its customers any harm. But you shouldn’t drink it.

Soy milk is bad for you. Not just the brand Starbucks uses. Any brand. It’s an unnatural byproduct of soy that your body can’t digest.

If you were to eat unprocessed soy, it would cause cramping, nausea, and can cause more serious health problems.

Here are a few of the pamphlet’s false claims about soy milk (and the truth about them):

Read moreSoy Milk Is Bad For You

Muslims to march on White House next September 11th

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FYI.


Dr. Kevin Barrett, a Ph.D. Arabist-Islamologist, is one of America’s best-known critics of the War on Terror. Dr. Barrett has appeared many times on Fox, CNN, PBS and other broadcast outlets, and has inspired feature stories and op-eds in the New York Times, the Christian Science Monitor, the Chicago Tribune, and other leading publications. Dr. Barrett has taught at colleges and universities in San Francisco, Paris, and Wisconsin, where he ran for Congress in 2008. He is the co-founder of the Muslim-Christian-Jewish Alliance, and author of the books Truth Jihad: My Epic Struggle Against the 9/11 Big Lie (2007) and Questioning the War on Terror: A Primer for Obama Voters (2009). His website is www.truthjihad.com.

– Muslims to march on White House next September 11th (PressTV, Jan 30, 2013):

Everyone knows that AIPAC, the American Israel Public Affairs Committee, is the most powerful lobby in Washington.

But starting next September 11th, a new group called AMPAC, the American Muslim Political Action Committee, will challenge AIPAC’s stranglehold on American political life.

AMPAC will be forcefully announcing its presence with a “Million Muslim March” on the White House on September 11, 2013. The goal, announced at AMPAC’s press conference in New York:

Read moreMuslims to march on White House next September 11th

The Hidden Connection Behind Viruses, Vaccines and Cancer

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– The Hidden Connection Behind Viruses, Vaccines and Cancer (GreenMedInfo, Jan 29, 2013):

By Dr Tyson Perez.

Mainstream medicine tells us that the hepatitis B virus (HBV) causes liver cancer which is why it is so necessary for US newborns to be vaccinated within hours of birth.  We are told that the human papillomavirus (HPV), which is supposedly so prevalent in our population, causes cervical cancer which is why there is such a push to vaccinate girls and boys in the US as early as 9 years old. Let’s not forget about Simian Virus 40 (SV40) which is known to have contaminated polio vaccines and is associated with a wide variety of human cancers.  Conventional wisdom tells us that viruses cause cancer.  But is this true? Let’s investigate the story further.

Read moreThe Hidden Connection Behind Viruses, Vaccines and Cancer

Pentagon ‘Cyber-Warriors’ Planting ‘False Information On Facebook’

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– Who’s Faking It? Pentagon “Cyber-Warriors” Planting “False Information on Facebook” (Global Research, Jan 26, 2013):

On November 22, 2012, the Los Angeles Times published an alarming piece of news entitled “Cyber Corps program trains spies for the digital age”. The “cyber-warriors” who are headed for organizations such as the CIA, NSC, FBI, the Pentagon and so on, are trained to stalk, “rifle through trash, sneak a tracking device on cars and plant false information on Facebook [emphasis added]. They also are taught to write computer viruses, hack digital networks, crack passwords, plant listening devices and mine data from broken cellphones and flash drives.”

Not surprisingly, less than a month later, it was rumored that Iran ’s Supreme Leader, Ayatollah Khamenei had started a Facebook page. The style and content of the site ruled out its authenticity, but the State Department was amused. In spite of the potential for alarm, State Department Spokeswoman Victoria Nuland jokingly expressed Washington ’s curiosity to see how many “likes’ Khamenei would receive. This is no joking matter. Any message on this page would be attributed to Khamenei with a potential for dangerous ramifications.

Read morePentagon ‘Cyber-Warriors’ Planting ‘False Information On Facebook’