Monthly Archives: December 2013

29 Incredible Facts Which Prove Poverty In America Is Exploding

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“The gap between the wealthy and the poor is at a level that America has never seen before, and this is beginning to create a ‘Robin Hood mentality’ that could cause a tremendous amount of social chaos in the years ahead.  Anger at the ‘haves’ in America continues to rise at a very alarming pace, and the ‘have nots’ are becoming increasingly desperate.  At some point all of this anger is going to boil over, and you won’t want to be anywhere around major population centers when that happens.  Despite unprecedented borrowing by the federal government in recent years, and despite unprecedented money printing by the Federal Reserve, poverty in the United States keeps getting worse.”

http://theeconomiccollapseblog.com/archives/29-incredible-facts-which-prove-that-poverty-in-america-is-absolutely-exploding

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New health law frustrates many in middle class

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“An analysis by The New York Times shows the cost of premiums for people who just miss qualifying for subsidies varies widely across the country and rises rapidly for people in their 50s and 60s. In some places, prices can quickly approach 20 percent of a person’s income.  Experts consider health insurance unaffordable once it exceeds 10 percent of annual income. By that measure, a 50-year-old making $50,000 a year, or just above the qualifying limit for assistance, would find the cheapest available plan to be unaffordable in more than 170 counties around the country, ranging from Anchorage to Jackson, Miss.”

http://www.cnbc.com/id/101291264

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Support for ObamaCare Falls to 35%.

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“As a symbolic gesture, President Obama has signed up for ObamaCare — a bronze plan. He signed up on the Washington, D.C. site. He did not try to sign up on the federal government’s problem-plagued healthcare site. The policy will cost $4,800 a year. It covers only him, not his family. In short, it’s a rotten policy. For $4,800 a year, he buys a policy with a $4,300 deductible.  If the White House thinks a policy like this is the fulfillment of a dream for low-income families, he is living in fantasy land.  Meanwhile, Senate Majority leader Harry Reid says that ObamaCare is going to be a blessing to Democrats running for re-election in November. He is sure of this.”

http://teapartyeconomist.com/2013/12/24/support-obamacare-falls-35/

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Santa Obama Gives Pay Raise to Federal Workers

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“Just in time for Christmas, President Obama signed an executive order on Monday giving a 1 percent pay raise for federal employees. The raise follows a four year hiatus from salary increases for federal workers, although most federal employees have apparently seen their pay increase via promotion or performance. The first increased paycheck will kick in on January 1. Obama’s decision to raise federal pay only widens the income inequality gap between federal workers and private sector employees; as of 2011, the average private sector employee made $59,804 in salary, and $28,000 in benefits, while the average federal workers made $74,436 in salary and $40,000 in benefits.”

http://www.breitbart.com/Big-Government/2013/12/25/Christmas-Obama-pay-raise

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Post Office Funding Is Not About Preserving Mail

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“Almost comically, the miserable performance of the US Post Office in particular is held up as a classic example of how government facilities cannot compete with the private sector. Over and over the US Post Office is threatened with extinction. But somehow it never quite happens.  It is widely acknowledged that post offices generally cannot compete in the modern space. But that is almost beside the point. Post offices were among the first inventions of the modern surveillance state some 500 years ago. They were, of course, developed in London and the first one resided in the bankers’ City itself.”

http://www.thedailybell.com/news-analysis/34865/Post-Office-Funding-Is-Not-About-Preserving-Mail/

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Too Far Off Center

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“Take a look at this chart, which in my opinion is among the three or four most important charts of the year. The gray line quantifies the macroeconomic climate in 10 advanced economies, while the red line represents equity valuations in those economies.  Do you see it? Up until late 2011, the two lines moved in lockstep, as they logically should. After all, stock markets are a compilation of businesses, and businesses prosper when people prosper. So if the ‘real world’ is doing well, stocks should be too. And vice versa.  The departure from reality began in late 2011 and has accelerated since.”

http://www.caseyresearch.com/cdd/too-far-off-center

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A Glittering Investment Gift for 2014

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“The underperformance of gold and silver in particular creates the potential for a very profitable rebound rally in 2014. Larry believes gold and silver prices should bottom early next year.  If that’s the case, there’s even more upside potential in mining stocks than in precious metals for one simple reason: Gold and silver stocks provide leverage. As the price of precious metals rise, the production of mining stocks and their proven reserves become even more valuable and profitable than the rise in physical prices.  In other worlds: The cheapest way to own gold today isn’t coins, or bullion bars, or even ETFs that track physical gold — but gold and silver mining shares.”

http://www.moneyandmarkets.com/a-glittering-investment-gift-for-2014-57187

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Now China … Reasons for Printing Money Abound

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“The tightening talk we’re listening to is just for public consumption. The whole system of recovery is based on equity appreciation stimulating employment (which it does ineffectively at best). The big central banks around the world are all pumping money in unison. We will always be told that bankers are concernedly moderating money flows. But then, at the first sign of trouble, the taps are turned back on. In fact, they are never REALLY turned off. And there will always be a reason to push the volume of money even higher. They are planning a big Wall Street Party. The top men always seem to find reasons to print more. Until the world is swimming in currency.”

http://www.thedailybell.com/news-analysis/34866/Now-China–Reasons-for-Printing-Money-Abound/

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Bitcoin paradise

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“Set in a secluded valley 17 kilometres from Curacavi, Chile, on the road between Santiago and the luxurious beach resort of Viña del Mar, Galt’s Gulch is a mere forty-five minutes by car from the Santiago airport, but, as Mr Johnson says, ‘it feels like you’re at the end of the Earth.’ Yet his goal is not isolationist, he adds. ‘We’re not trying to hide from the world. In fact we want people to find us.’  Lots are priced in both dollars and Bitcoin, with big discounts for buyers who pay in that crypto-currency. Many early adopters of Bitcoin find themselves sitting on small fortunes, and Mr Johnson hopes to tempt them to diversify into real estate.”

http://www.economist.com/blogs/schumpeter/2013/12/libertarian-enclaves

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Some of the High Profile Investments in Bitcoin in 2013

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“2013 was easily the best year so far in terms of Angel/VC funding in the Bitcoin segment. The virtual currency has garnered interest from even the likes of Y Combinator and Andreessen Horowitz. The next year is expected to be huge again for Bitcoin exchanges, Mining companies, and other startups associated with the currency.”

http://letstalkpayments.com/high-profile-investments-bitcoin-2013/

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