U.S. Supreme Court FUCKS Citizens Again...U.S. Constitution Dead...

U.S. Supreme Court FUCKS Citizens Again...U.S. Constitution Dead...

U.S. SUPREME COURT UPHOLDS CORE OF OBAMA HEALTH CARE

Here we go:

• OBAMA'S HEALTH-CARE OVERHAUL UPHELD BY U.S. SUPREME COURT
• 5-4 decisions, with Roberts joining the court's liberals.
• Court says federal government can’t threaten to withhold money from states that don’t fully comply on Medicaid extension
  
• CHIEF JUSTICE ROBERTS SAYS MANDATE IS NOT A VALID EXERCISE OF CONGRESS' POWER UNDER COMMERCE CLAUSE AND NECESSARY AND PROPER CLAUSE
• HEALTH LAW'S MEDICAID EXPANSION LIMITED BY U.S. SUPREME COURT -RTRS
• ROBERTS, JOINED BY TWO JUSTICES, SAYS MEDICAID EXPANSION VIOLATES CONSTITUTION -RTRS
• FOUR JUSTICES DISSENT, SAYING THE PATIENT PROTECTION AND AFFORDABLE CARE ACT GOES BEYOND -RTRSCONGRESSIONAL POWERS UNDER CONSTITUTION -RTRS
• ScotusBlog conclusion: So the mandate is constitutional
• The bottom line: the entire ACA is upheld, with the exception that the federal government's power to terminate states' Medicaid funds is narrowly read
• The ACA is upheld as a tax, not a penalty

Santelli And The November Obamacare 'Referendum'

In a brief clip this morning, CNBC's Rick Santelli said a lot in a few words. His critical insight was that today's decision is about process and not preference and that the real decisions will be made in November when it becomes 'the people's choice'. He is a big believer in the 'pragmatic process' we should all enjoy and suggests today's SCOTUS decision (doing what they do best in comprehending the law) should be 'taken with respect' but notes the analogy to Europe: "You can try to have the mighty above tell the people below how they should live their lives, what they should get, and 'the government big enough to give you everything you want, and', in the words of Thomas Jefferson, 'big enough to take away everything you have.' But what are we left with really? We are left with an issue that should, by all indications be voted on by the American public. No matter how the Supreme Court decision worked out; no matter what the legislative process tells us; no matter how ugly this process was to get passed; in the end, I think it's more than appropriate that this will be, in my opinion, part of the referendum in November as to whether the public wants this or not."

Mitt Romney Responds To SCOTUS Upholding Of Obamacare

While the president will will take to the podium in 30 minutes (so realistically 60) his challenger is up now. Watch live as he spins the largely unexpected SCOTUS decision on the Affordable Care Act.

 

 

And Now, It's Obama's Turn

Moments ago, Mitt Romney took to the airwaves with a hastily prepared 3 minutes statement which was certainly quite a change from the speech that had been prepared last night. Now it is Obama's turn to expound the tremendous benefits of the recently adopted "Fairness Doctrine"... And the money tree.

 

 

 

Americans Are Being Prepared For Full Spectrum Tyranny

Totalitarian governments, like persistent forms of cancer, have latched onto the long history of man, falling and then reemerging from the deep recesses of our cultural biology to wreak havoc upon one unlucky generation to the next.  The assumption by most is that these unfortunate empires are the product of bureaucracies gone awry; overtaken by the chaotic maddening hunger for wealth and power, and usually manipulated by the singular ambitions of a mesmerizing dictator.  For those of us in the Liberty Movement who are actually educated on the less acknowledged details of history, oligarchy and globalized centralism is much less random than this, and a far more deliberate and devious process than the general unaware public is willing consider.  
Unfortunately, the final truth is very complex, even for us…

Biderman On Biflation And 'After The Endgame'

"What happens when the Bernanke Put dies?" is the salient question that Charles Biderman of TrimTabs asks and answers in today's effusive excursion into a market that will face both deflation and inflation. In response to the question of what happens after the current miasma of markets ends, Biderman opines that assets will deflate - once the Bernank's constant handing over of trillions to bankers is done, equity and bond prices will deflate and commodity prices will inflate. Nominal USD-priced commodities will soar against a deflating currency as asset prices for everything else will deflate. Concerned, just as we have been, that outbreaks of violence will occur in Europe as their 'safety net' unravels, Charles adds that while the US faces turmoil, Europe will get their ahead of us as "their entire welfare-state-based economies will need a do-over". He does offer a silver-lining for the post-modern world with some thoughts on the productivity boom (and not just leverage) that an online world will bring and while he believes US housing has bottomed for the lowest 2/3rds of the population, he remains extremely cautious on equity prices and their inevitable crash.

Full Word Cloud And Text Of SCOTUS Decision On The Affordable Care Act

Here it is in its entirety: 193 pages of politicized goodness, or for the time press-ones, one quick word cloud.

US Citizens Dump Stocks And Precious Metals To Afford Obamacare

After some initial confusion in stocks (though Precious Metals and Treasuries were convinced) equities are now down markedly (with Hospitals holding up while Managed Care is down) but it seems that US citizen/investors are selling down their gold, silver, and stocks to 'save up' for the new Obamacare tax...
 

 

The British Bankers Association Is "Shocked", "Shocked" That Lie-Bor Manipulation Is Going On In Here

The British Bankers Association - the entity responsible for organizing and compiling the daily Lie-bor fixes, and which as Zero Hedge incidentally reported two weeks ago continues to report one absolutely meaningless and unchanged number in "Spirit Level... Or Li(e)bor?" has just opined on the topic of massive Lie-bor fixing collusion and manipulation. In short: they are absolutely  "shocked."

Is France Next For The Bond Vigilantes?

As Merkel, via Schaeuble, continues unwaveringly in Germany's pursuit of their consistent call for controls if the rest of Europe gets their money, chatter on desks is that maybe its not Zee Germans that are the problem at the Summit but Les French with Hollande's insistence that "there can be no transfer of sovereignty if there is no improvement in solidarity." Strategic Alpha's Maurice Pomery is "not convinced that Germany should be deemed the stubborn aggressor in all of this" and as we have been vociferously stating "Merkel is NOT going to be bullied into any wealth transfer; forget it" and "Hollande cannot make sweeping socialist changes and expect Germany to pay for it." Critically, given the levels of financial repression, and Newedge's comment that "the counter-intuitive moves Hollande has made by cutting some pension ages and rising the minimum wage have scared the market" and taken together with his comments about growth, the markets perceive Hollande as lacking a strong commitment to austerity. Until he demonstrates otherwise, France is vulnerable to a repatriation spiral (going the same way as Spain then Italy - where the markets have increasingly repatriated themselves into domestic enclaves) and the inevitable endgame where domestic demand for bonds becomes unsustainable.

Stock Markets Around The World Have Given A Very Clear Indication

Admin at Marc Faber Blog - 40 minutes ago

Stock markets around the world have given a very clear indication that not all is well in the global economy. As you said Europe is in a recession. In the US there is hardly any growth. If you look at all this data you have to assume that the slowdown is more pronounced. My personal observation is that presently there is no growth in Asia. - *in Economic Times* Related: iShares MSCI Emerging Markets Indx (ETF), SPDR SP 500 ETF (NYSE:SPY) *Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.* 

US Supreme Court Upholds Affordable Healthcare Act

European Situation: There Is No Resolution In Sight

Admin at Jim Rogers Blog - 1 hour ago

There is no resolution in sight. The solution to too much debt is not more debt. They keep piling on more debt and hope the problem will get better. It’s getting worse...It doesn’t look good. - *in ETF Trends* Related: iShares MSCI Spain Index (ETF) (NYSE:EWP), iShares MSCI Italy Index ETF (EWI) *Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.* 

U.S. orders for durable goods climb in May

Eric De Groot at Eric De Groot - 3 hours ago

US orders for durable good may be climbing in May, but its inflation-adjust trend suggests a top has been formed. A breakdown of the late 2011 swing low will accelerate the downtrend. This could take months to materialize. Chart: Real Business Core Capital Spending: Real or CPI-Adjusted New Orders of Durable Goods ex. defense and aircraft (RBCCS) and YOY... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 

Beware The Fat Tail Event In Europe

Eric De Groot at Eric De Groot - 3 hours ago

Human emotion infects logical decision making from the lowly trader to the well-connected policy maker. Well all try to act in a timely and logical manner but emotions tend to screw it up. It's not a matter of if but when liquidity will be provided to prevent further spread of the European contagion. Ray Dalio suggests that human nature will likely to prevent timely execution of the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 

Underperformance and Negative Divergences Sold As Housing Recovery

Eric De Groot at Eric De Groot - 3 hours ago

The headlines are selling a housing recovery to anyone that wants to listen and believe. A message of underperformance and negative divergence of housing stocks relative to stocks contradicts the recovery spin. A similar, multi-month setup in 2005-2007 preceded the crisis of 2008. Chart: Housing Stocks to S&P 500 ratio and S&P 500: Headline: Strong Housing Numbers, Still... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Final GDP Revision Comes In Line; Claims Continue "Improving" Even As They Continue Deteriorating

Two data points out today: the first was Initial Claims which did precisely as expected: it improved even as it deteriorated: why - the media headline will blast: "Initial Claims Decline by 6K" because last week's number of 387K was just revised to 392K. Ironically, enough, this was just as at least we expected. From 8:27 am.

Last week's Initial Claims number of 387K will be revised to at least 390K in 3 minutes
— zerohedge (@zerohedge) June 28, 2012

That what actually happened was a miss of baseline expectations, in that claims would drop to 385K is irrelevant. Just as it is irrelevant that next week, today's 386K number will be revised to 390K. And the media manipulation song and dance revisions will continue. More importantly, and continuing the 99 week cliff issue, 60,000 people dropped off initial and extended claims in the past week. In other words, 1.260 million people have fallen off extended benfits in the past year: people who no longer collect any form of unemployment benefits. Surely they have all "found jobs."




BTFD...(buy the F***ing dips)

Gold and silver: you ain’t seen nothing yet

from, Gold Money:

More so-so price action in precious metals over the last two days, with gold and silver still struggling for near-term direction in the face of continuing European political uncertainty. Trading volume in Comex gold futures continues to decline, as often happens during the summer months. On top of this – though it will come soon – the US Federal Reserve is still sitting on its hands with regards further monetary stimulus. In combination, all of these factors are causing the continuing consolidation in precious metals.
How long such consolidation will last is the million-dollar question – and if this author could answer it, he’d be sitting on his yacht in the Bahamas instead of hunched over his computer writing this market update. Nevertheless, there are certain indicators you can look at that give clues. First and most importantly: have the fundamental reasons for owning gold and other precious metals changed recently? Have central banks suddenly “got religion” and vowed to protect the value of the currency they issue? Are governments succeeding in shrinking their deficits? Are savers now being offered real returns on their capital? Has stability and soundness been restored to the banking system?
Read More @ GoldMoney.com

THIS IS ALL A DELUSION, WHY I’M KEEPING MY GOLD & MUCH MORE – Jean-Marie Eveillard:

from KingWorldNews:
“In terms of the enormous budget deficits, and, accordingly, the galloping federal government debt. In spite of being unprecedented in size, the biggest stimulus since the Fed was created in 1913, and certainly the biggest fiscal stimulus ever in the history of the country, in spite of that, the economic recovery seems to be sputtering.
So the international monetary system, the weaknesses are apparent. People say, ‘Yes, but they have printed money, but look, there is no inflation to speak of.’ My point is there has been inflation. The Consumer Price Index, it’s not inflation, it’s just a symptom of inflation. Inflation is the excessive creation of money and credit. That certainly has happened.
LISTEN NOW @ KingWorldNews.com

Bears Can’t Convince Gold and Silver ETF Holders

from Got Gold Report:
Bears in gold and silver have been especially active and vocal over the past while. We have come to expect that when gold or silver or both are flirting with obvious important technical support levels ($1,525 for gold and $26 for silver). But the bear’s dour salesmanship that the precious metals Bull Run is “over” is not a convincing story to the largest holders of precious metals exchange traded funds (ETFs). How do we know?
Well, if the largest holders of precious metals ETFs thought the bear’s predictions of a major breakdown ahead were right, shouldn’t those elephant-size holders of metals ETFs be rushing the exits in, for example, the SPDR Gold Trust (NYSE:GLD) or the iShares Silver Trust (SLV)?
The thing is, they are not rushing the exits.
Both of the precious metals ETFs are managed by authorized market participants (AMPs) who arbitrage the spread between the current per-share net asset value and the price of gold or silver. So when the share price of the ETF diverges from the per-share NAV from either excess buying or selling pressure, the AMPs end up either adding or removing shares (and metal) so that the price of the ETF tracks in lock step with the price of the metal, less accumulated fees and expenses.
Read More @ GotGoldReport.com

Junk Silver Dried Up Across the Board, APMEX Merely a Symptom of Overall State of 90% Market

from Silver Vigilante:
Reuters has highlighted today the brisk demand for gold in India as per the Bullion Cabal’s agenda to manage the precious metal prices in such a way so as to diminish demand. Whereas in India this has taken place by way of a a weak Rupee and thus record setting gold prices, in the US soft, volatile and rangebound prices have kept the precious metals’ out of the news, and so by extension the dollar crisis as well. Here is a quote from a
piece today:

PHYSICAL DEMAND LANGUISHES
Gold demand languished in major consumer India as record-high local prices resulting from the weak rupee kept buyers on the sidelines, traders said, though premiums stayed steady in Hong Kong, Tokyo and Singapore.
Traders in India are also waiting for the monsoon to pick up, which could boost the income of farmers, who buy more than half of India’s gold.
Data from three major Mints in Europe and North America showed on Tuesday that gold coin sales fell in the first quarter as the strong demand for small investment products that helped send gold to record highs in 2011 eased.
Read More @ Silver Vigilante

Can The World Survive Washington’s Hubris?

by Dr. Paul Craig Roberts, PaulCraigRoberts.org:
When President Reagan nominated me as Assistant Secretary of the Treasury for Economic Policy, he told me that we had to restore the US economy, to rescue it from stagflation, in order to bring the full weight of a powerful economy to bear on the Soviet leadership, in order to convince them to negotiate the end of the cold war. Reagan said that there was no reason to live any longer under the threat of nuclear war.
The Reagan administration achieved both goals, only to see these accomplishments discarded by successor administrations. It was Reagan’s own vice president and successor, George Herbert Walker Bush, who first violated the Reagan-Gorbachev understandings by incorporating former constituent parts of the Soviet Empire into NATO and taking Western military bases to the Russian frontier.
The process of surrounding Russia with military bases continued unabated through successor US administrations with various “color revolutions” financed by the US National Endowment for Democracy, regarded by many as a front for the CIA. Washington even attempted to install a Washington-controlled government in Ukraine and did succeed in this effort in former Soviet Georgia, the birthplace of Joseph Stalin.
Read More @ PaulCraigRoberts.org

Silver: How to Call It and Play It

by Michelle Smith, Silver Investing News:
Silver prices have taken investors for a ride as of late, with lows last week emphasized by the Fed’s extension of Operation Twist – in lieu of quantitative easing – and depressing manufacturing data. Markets kicked off this week focused on the upcoming EU summit and overall concerns about global growth. However, despite the negative sentiment and risk-off mentality weighing down global equity markets, silver rose on Monday. Such erratic moves can preoccupy investors with attempts to call the market, which can overshadow their focus on playing it.
At 4:00 p.m. EST on Monday, silver was up $0.83 at $27.49. Following last week’s lows, such a move on a risk-off day could cause investors to wonder whether silver is getting safe haven support, whether it is recovering, or whether expectations of recovery are even realistic without QE.
While gold⁵ was up largely on safe haven trading, it is too soon to conclude the same about silver or to presume that the metal is bound for a recovery. For the most part, today’s silver transactions were associated⁶ with both short covering and bargain hunting.
Read More @ SilverInvestingNews.com

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