130503 – Obamacare Train Wreck



Today’s Items:

First…
European Central Bank Cuts Interest Rate
http://www.telegraph.co.uk

Official figures show that the euro-zone unemployment hit another record high of 12.1%; thus, causing the European Central Bank to cut its main interest rate from 0.75 to 0.5% in an attempt to get the region economy off the floor.    The official blame for the slowdown is a sharp fall in energy prices.     Guess it is a good thing that Libya’s oil production was restored to pre-NATO war crime levels.

Next…
Obama to Pitch Immigration Overhaul
http://cnsnews.com

Obama is going all out to sell his immigration overhaul plan…  In Mexico!    His idea is that a strong Mexican economy will reduce the number of people wanting to go North.    Well Obama, between your pro-Marxist policies and the CIA-coordinated Drug wars in Mexico, there will be chaos on both sides of the border.    See Obama, another opportunity to have more blood on your hands.

Next…
This May Create A Massive Upside Breakout In Gold
http://kingworldnews.com

John Embry believes that the gold in the banking system has been hypothecated and rehypothecated so many times that nobody knows who owns what.     He goes on to say that there is more and more evidence that the market is getting tighter and tighter and there will be a run on physical gold.    That could be the thing that could break the gold price wide open to the upside and destroy the stranglehold that the paper market has on gold.

Next…
22 Facts Showing Lower 90% Getting Poorer
http://theeconomiccollapseblog.com

Here are a few…
1. The top 7% of all U.S. households own 63% of all the wealth in the country.
2. The number of Americans on food stamps has grown from 17 million in the year 2000 to more than 47 million today.
3. The U.S. now ranks 93rd in the world in income inequality.

Next…
Obamacare Train Wreck
http://thehill.co

Scumbag Senator Harry Reid shares his comrades concern about Obamacare.    In fact, he said that Obamacare could become a “train wreck” if the federal government does not spend enough money to implement the law.   So, with 52% of Americans not concerned with Sequestration, that money will not be coming Harry.    So, grab your popcorn, because unlike 35% of Americans, with their Obama-phones, we want to see a good Obamacare train wreck!

Next…
Bloomberg’s Temper Tantrum
http://www.zerohedge.com

New York City Mayor Bloomberg is livid because people are suing the city, in Federal Court, over his racist “stop and frisk policy.”   Could someone please pour some diet soda down his throat because he really needs to chill?

Finally, please prepare now for the escalating economic and social unrest.    Good Day!

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