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.
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.*
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 minutesThat 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."
— zerohedge (@zerohedge) June 28, 2012
BTFD...(buy the F***ing dips)
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
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
“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
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
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
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
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 apiece 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
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
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
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
I'm PayPal Verified
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
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sy-XeIoE-6-uwQl4o02HYGpTnkMdv5kO5ixwWYMSxQ2ZDJlB8YxQyHsMJ7Li6lp1LsTYjDu7RVnLaiB4mgMKDcVmrugmoHv5P9XUsEEiWKQf8Cn_1p3rHUdaOpoyfGbqUYZw=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vTAkvvXrXgNz0DNrEGLXkh5M9BssLIReUNFEC59dwGRQVX--_tBv4i3PTRfybCnlJsg12jVlkgHhq4EOMu6hzt6lIdshAq4pP6HLrr3uAq-Qsv7d-dRC7hJkJi611_GElhSnhu=s0-d)
No comments:
Post a Comment