61015 Gleaning Antichrist NWO 666 Obozo 911 Drag Queen Global Borderless Body Slam Uh Coming
If financial crises tend to happen every seven years, it’s about time we start getting worried about possibly the next one.”
The Greek insolvency, which had been masked with European liquidity, is finally being appreciated by the vendor chain, and as a result, Arnaoutis’ Chinese suppliers are now demanding cash up front because of the risk of doing business with Greece. Previously they gave 30-60 day receivable terms. “He fears a doomsday scenario in which the government quits the euro and pays its bills with IOUs, which foreign suppliers will not accept.”
“If there is no deal and the government decided to take Greece out of the euro, all Greek importers would be ruined.”
Meanwhile, his company is expected to pay tax on 335,000 euros in reported profit from last year, even though it still hasn’t received most of the money for the sales: “The profit is virtual”.
Ironically, in the US the bulk of non-GAAP profit is also “virtual”, however for the time being the generosity of capital markets allows money-losing US companies (if only on a GAAP basis) to fund themselves entirely courtesy of gullible investors who hope that any minute now, the cash flows will rain.
Unfortunately for Greece, it is now too late
Back in the late 1990s, Lindsey was one of the few Fed governors to warn about a pending stock bubble, and to suggest that forecasts for future growth in corporate earnings were wildly optimistic. He also famously predicted that the cost of the 2003 Iraq invasion would greatly exceed the $50 billion promised by then Secretary of Defense Donald Rumsfeld, a dissent that ultimately cost him his White House position. (But even Lindsey’s $100-$200 billion forecast proved way too conservative – the final price of the invasion and occupation is expected to exceed $2 trillion).
Now Lindsey is speaking out again, and this time he is pointing to what he sees as a painfully obvious problem: That the Fed is creating new bubbles that no one seems willing to confront or even acknowledge. Interviewed by CNBC on June 8th on Squawk Box, Lindsey offered an unusually blunt assessment of the current state of the markets and the economy. To paraphrase:
“The public and the political class love to have everything going up. We had “Bubble #1” in the 1990s, “Bubble #2” in the 00s, and now we are in “Bubble #3.” It’s a lot of fun while it’s going up, but no one wants to be accused of ending the party early. But it’s the Fed’s job to take away the punch bowl before the party really gets going.”
To his credit, however, Lindsey sees how this is sowing the seeds for future pain, saying:
“The current Fed Funds rate is clearly too low, the only question is how we move it higher: Do we do it slowly, and start sooner, or do we wait until we are forced to, by the bond market or by events or statistics, in which case we would need to move more quickly. By far the lower risk approach would be to move slowly and gradually.”
In other words, he is virtually pleading for his former Fed colleagues to begin raising rates immediately. I would take Lindsey’s assertion one step further; the party really got going years ago and has been raging since September 2011, the last time the Dow corrected more than 10%. (That correction occurred at a time when the Fed had briefly ceased stimulating markets with quantitative easing.) Since then, the Dow has rallied by almost 58% without ever taking a breather. With such confidence, the party has long since passed into the realm of late night delirium.
As if to confirm that opinion, on June 8th the Associated Press published an extensive survey of 500 companies (using data supplied by S&P Capital IQ) that showed how corporate earnings have been inflated by gimmicky accounting. Public corporations, upon whose financial performance great sums may be gained or lost, are supposed to report earnings using standard GAAP (Generally Accepted Accounting Principles) methods. But much like government statisticians (see last month’s commentary on the dismissal of bad first quarter performance), corporate accountants may choose to focus instead on alternative versions of profits to make lemonade from lemons.
Using creative accounting, bad performance can be explained away, moved forward, depreciated, offset, or otherwise erased. Given the enormity and complexity of corporate accounting, investors have deputized the analyst community to sniff out these shenanigans. Unfortunately, our deputies may have been napping on the job.
The AP found that 72% of the 500 companies had adjusted profits that were higher than net income in the first quarter of this year, and that the gap between those figures had widened to sixteen percent from nine percent five years ago. They also found that 21% of companies reported adjusted profits that were 50% more than net income, up from just 13% five years ago.
But with the fully spiked punch bowl still on the table, and the disco beat thumping on the speakers, investors have consistently looked past the smoke and mirrors and have accepted adjusted profits at face value. In a similar vein, they have looked past the distorting effect made by the huge wave of corporate share buybacks (financed on the back of six years of zero percent interest rates from the Fed). The buybacks have created the illusion of earnings per share growth even while revenues have stalled.
So kudos to Lindsey for pointing out the ugly truth. But I do not share his belief that the economy and the stock market can survive the slow, steady rate increases that he advocates. I believe that a very large portion of even our modest current growth is based on the “wealth effect” of rising stock, bond, and real estate prices that have only been made possible by zero percent rates in the first place. In my opinion, it is no coincidence that economic growth and stock market performance have stagnated since December 2014 when the Fed’s QE program came to an end (it has very little to do with either bad winter weather or the West Coast port closings).
Prior to that, the $80+ billion dollars per month that the Fed had been pumping into the economy had helped push up asset prices across the board. With QE gone, the only thing helping to keep them from falling, and the economy from an outright recession (which is technically a possibility for the first half of 2015), is zero percent interest rates. Given this, even modest increases in interest rates could be devastating. Lindsey’s gradual approach may be equally as dangerous as the rapid variety. But the quick hit has the virtue of bringing the inevitable pain forward quickly and dealing with it all at once. Call it the band-aid removal approach; it may seem brutal, but at least it’s direct, decisive and makes us deal with our problems now, rather than pushing them endlessly into the future.
The last attempt made by the Fed to raise rates gradually occurred after 2003-2004 when Alan Greenspan had attempted to withdraw the easy liquidity that he had supplied to the markets in the form of more than one years’ worth of 1% interest rates. But by raising rates in quarter point increments for the succeeding two years, Greenspan was unable to get in front of and contain the growing housing bubble, which burst a few years later and threatened to bring down the entire economy. In retrospect, Greenspan may have done us all a favor if he had moved more decisively.
Today, we face a similar but far more dangerous prospect. Whereas Greenspan kept rates at 1% for only a year, Bernanke and Yellen have kept them at zero for almost seven
It won’t just be the end of a raging party, but the beginning of the worst economic hangover this nation has yet experienced.
Antichrist NWO 666 Barack Obozo The 911 Clown – The debt grew the most dollar-wise during Antichrist NWO 666 President Obozo’s 911 Clown term. He added $6.167 trillion, a 53% increase, in six years. Obozo’s budgets included the economic stimulus package, which added $787 billion by cutting taxes, extending unemployment benefits, and funding job-creating public works projects. The Obozo tax cuts added $858 billion to the debt over two years. Obozo’s budget included increased defense spending to around $800 billion a year. Federal income was down, thanks to lower tax receipts from the 2008 financial crisis. He also sponsored the Patient Protection and Affordable Care Act, which was designed to reduce the debt by $143 billion over 10 years. However, these savings didn’t show up until the later years. For more, see National Debt Under Obozo.
Antichrist NWO 666 Skull&Bones George W. Bush The 911 Clown – Antichrist NWO 666 President Bush The 911 Clown added the second greatest amount to the debt, at $5.849 trillion. This more than doubled the debt, which was $5.8 trillion on September 30, 2001 — the end of FY 2001, which was Antichrist NWO 666 President Clinton’s last budget. Bush responded to the 9/11 attacks by launching the War on Terror. This drove military spending to record levels, $600-$800 billion a year. This included the Iraq War, which cost $807.5 billion. Antichrist NWO 666 Skull&Bones President Bush The 911 Clown also responded to the 2001 recession by passing EGTRRA and JGTRRA, otherwise known as the Bush tax cuts, which reduced revenue. He approved a $700 billion bailout package for banks to combat the 2008 global financial crisis. Both Antichrist NWO 666 Presidents Skull&Bones Bush The 911 Clown and Antichrist NWO 666 Obozo The 911 Clown had to contend with higher mandatory spending for Social Security and Medicare. For more, see Obozo Compared to Bush 911 Clown Policies.
Antichrist NWO 666 Masonic Man Franklin D. Roosevelt – Antichrist NWO 666 Masonic Man President Roosevelt increased the debt the most percentage-wise. Although he only added $236 billion, this was more than a 1,000% increase over the $23 billion debt level left by President Hoover’s last budget. Of course, the Great Depression took a huge bite out of revenues. However, most of the debt was added to gear up for World War II, not to pay for the New Deal. In fact, $209 billion alone was added to the debt between 1942-1945. For more, see FDR Economic Policies.
Antichrist NWO 666 Federal Reserve Punk Woodrow Wilson – Punk President Wilson was the second largest contributor to the debt percentage-wise. Although he only added $21 billion, this was a 727% increase over the $3 billion debt level of his predecessor. Of course, Wilson had to pay for World War I. In fact, the Second Liberty Bond Act was enacted during his Presidency, giving Congress the right to enact the national debt ceiling. Article updated January 22, 2015.
Amount Added to the Debt for Each Fiscal Year Since 1960:
Antichrist NWO 666 Barack Obozo The 911 Clown: Added $6.167 trillion, a 53% increase to the $11.657 trillion debt level attributable to Antichrist NWO 666 Skull&Bones President Bush The 911 Clown at the end of his last budget, FY 2009.
FY 2014 – $1.086 trillion.
FY 2013 – $672 billion.
FY 2012 – $1.276 trillion.
FY 2011 – $1.229 trillion.
FY 2010 – $1.652 trillion.
FY 2009 – $253 billion. (Congress passed the Economic Stimulus Act, which spent $253 billion in FY 2009. This rare occurrence should be added to Antichrist NWO 666 President Obozo’s 911 Clown contribution to the debt.)
Antichrist NWO 666 George W. Bush The 911 Clown: Added $5.849 trillion, a 101% increase to the $5.8 trillion debt level at the end of Clinton’s last budget, FY 2001.
FY 2009 – $1.632 trillion. (Bush’s deficit without the impact of the Economic Stimulus Act).
FY 2008 – $1.017 trillion.
FY 2007 – $501 billion.
FY 2006 – $574 billion.
FY 2005 – $554 billion.
FY 2004 – $596 billion.
FY 2003 – $555 billion.
FY 2002 – $421 billion.
Bill Clinton: Added $1.396 trillion, a 32% increase to the $4.4 trillion debt level at the end of Bush’s last budget, FY 1993.
FY 2001 – $133 billion.
FY 2000 – $18 billion.
FY 1999 – $130 billion.
FY 1998 – $113 billion.
FY 1997 – $188 billion.
FY 1996 – $251 billion.
FY 1995 – $281 billion.
FY 1994 – $281 billion.
Antichrist NWO 666 Skull&Bones George H.W. Bush: Added $1.554 trillion, a 54% increase to the $2.8 trillion debt level at the end of Reagan’s last budget, FY 1989.
FY 1993 – $347 billion.
FY 1992 – $399 billion.
FY 1991 – $432 billion.
FY 1990 – $376 billion.
Ronald Reagan: Added $1.86 trillion, 186% increase to the $998 billion debt level at the end of Carter’s last budget, FY 1981. Also see Did Reaganomics Work?
FY 1989 – $255 billion.
FY 1988 – $252 billion.
FY 1987 – $225 billion.
FY 1986 – $297 billion.
FY 1985 – $256 billion.
FY 1984 – $195 billion.
FY 1983 – $235 billion.
FY 1982 – $144 billion.
Jimmy Carter: Added $299 billion, a 43% increase to the $699 billion debt level at the end of Ford’s last budget, FY 1977.
FY 1981 – $90 billion.
FY 1980 – $81 billion.
FY 1979 – $55 billion.
FY 1978 – $73 billion.
Gerald Ford: Added $224 billion, a 47% increase to the $475 billion debt level at the end of Nixon’s last budget, FY 1974.
FY 1977 – $78 billion.
FY 1976 – $87 billion.
FY 1975 – $58 billion.
Richard Nixon: Added $121 billion, a 34% increase to the $354 billion debt level at the end of LBJ’s last budget, FY 1969.
FY 1974 – $17 billion.
FY 1973 – $31 billion.
FY 1972 – $29 billion.
FY 1971 – $27 billion.
FY 1970 – $17 billion.
Lyndon B. Johnson: Added $42 billion, a 13% increase to the $312 billion debt level at the end of JFK’s last budget, FY 1964.
FY 1969 – $6 billion.
FY 1968 – $21 billion.
FY 1967 – $6 billion.
FY 1966 – $3 billion.
FY 1965 – $6 billion.
John F. Kennedy: Added $23 billion, a 8% increase to the $289 billion debt level at the end of Eisenhower’s last budget, FY1961.
FY 1964 – $6 billion.
FY 1963 – $7 billion.
FY 1962 – $10 billion.
Dwight Eisenhower: Added $23 billion, a 9% increase to the $266 billion debt level at the end of Truman’s last budget, FY 1953.
FY 1961 – $3 billion.
FY 1960 – $2 billion.
FY 1959 – $8 billion.
FY 1958 – $6 billion.
FY 1957 – $2 billion surplus.
FY 1956 – $2 billion surplus.
FY 1955 – $3 billion.
FY 1954 – $5 billion.
Harry Truman: Added $7 billion, a 3% increase over FDR’s debt level of $259 billion at the end of FY 1945.
FY 1953 – $7 billion.
FY 1952 – $4 billion.
FY 1951 – $2 billion surplus.
FY 1950 – $5 billion.
FY 1949 – slight surplus.
FY 1948 – $6 billion surplus.
FY 1947 – $11 billion surplus.
FY 1946 – $11 billion.
Franklin D. Roosevelt: Added $236 billion, a 1,048% increase over $23 billion, the debt at the end of Hoover’s last budget, FY 1933.
FY 1945 – $58 billion.
FY 1944 – $64 billion.
FY 1943 – $64 billion.
FY 1942 – $23 billion.
FY 1941 – $6 billion.
FY 1940 – $3 billion.
FY 1939 – $3 billion.
FY 1938 – $1 billion.
FY 1937 – $3 billion.
FY 1936 – $5 billion.
FY 1935 – $2 billion.
FY 1934 – $5 billion.
Herbert Hoover: Added $6 billion, a 33% increase over $17 billion, the debt at the end of Coolidge’s last budget, FY 1929.
FY 1933 – $3 billion.
FY 1932 – $3 billion.
FY 1931 – $1 billion.
FY 1930 – $1 billion surplus.
Calvin Coolidge: Subtracted $5 billion from the debt, a 26% decline from $21 billion the debt level at the end of Harding’s last budget, FY 1923.
FY 1929 – $1 billion surplus.
FY 1928 – $1 billion surplus.
FY 1927 – $1 billion surplus.
FY 1926 – $1 billion surplus.
FY 1925 – $1 billion surplus.
FY 1924 – $1 billion surplus.
Warren G. Harding: Subtracted $2 billion from the debt, a 7% decline from the $24 billion debt at the end of Wilson’s last budget, FY 1921.
FY 1923 – $1 billion surplus.
FY 1922 – $1 billion surplus.
Woodrow Wilson: Added $21 billion to the debt, a 727% increase over the $3 billion debt at the end of Taft’s last budget, FY 1913.
FY 1921 – $2 billion surplus.
FY 1920 – $1 billion surplus.
FY 1919 – $13 billion.
FY 1918 – $9 billion.
FY 1917 – $2 billion.
FY 1916 – $1 billion.
FY 1915 – $0 billion (slight surplus).
FY 1914 – $0 billion.
FY 1789 – FY 1913: $3 billion debt created. (Source: OMB, Table 1.1—Summary of Receipts, Outlays, and Surpluses or Deficits: 1789–2017)
The Bilderberg Group has long been the subject of speculation. But what do we really know about the secretive international meetings between top politicians and bosses?
We know where the meetings are held
We know who attends them
We know what’s on the agenda
We know they take security very seriously
But… we’ll never know what was said
Here are the participants in the Bilderberg meeting over the weekend in Tirol. It is named after a Hotel Chain where the first meeting took place on May 29-31, 1954 in Austria. As the G7 summit of the Seven Dwarves closes, another opens. Thursday sees the start of the influential Bilderberg policy conference, which this year is being held in Austria where it began, just 16 miles south of the G7 summit.
The key topics for discussion this year include:
Chemical Weapons Threats
Current Economic Issues
The list of attendees is as follows: Chairman
Castries, Henri de Chairman and CEO, AXA Group FRA
Achleitner, Paul M. Chairman of the Supervisory Board, Deutsche Bank AG DEU
Agius, Marcus Non-Executive Chairman, PA Consulting Group GBR
Ahrenkiel, Thomas Director, Danish Intelligence Service (DDIS) DNK
Allen, John R. Special Presidential Envoy for the Global Coalition to Counter ISIL US Department of State, USA
Altman, Roger C. Executive Chairman, Evercore USA
Applebaum, Anne Director of Transitions Forum, Legatum Institute USA
Apunen, Matti Director, Finnish Business and Policy Forum EVA FIN
Baird, Zoë CEO and President, Markle Foundation USA
Balls, Edward M. Former Shadow Chancellor of the Exchequer GBR
Balsemão, Francisco Pinto Chairman, Impresa SGPS PRT
Barroso, José M. Durão Former President of the European Commission PRT
Baverez, Nicolas Partner, Gibson, Dunn & Crutcher LLP FRA
Benko, René Founder, SIGNA Holding GmbH AUT
Bernabè, Franco Chairman, FB Group SRL ITA
Beurden, Ben van CEO, Royal Dutch Shell plc NLD
Bigorgne, Laurent Director, Institut Montaigne FRA
Boone, Laurence Special Adviser on Financial and Economic Affairs to the President FRA
Botín, Ana P. Chairman, Banco Santander ESP
Brandtzæg, Svein Richard President and CEO, Norsk Hydro ASA NOR
Bronner, Oscar Publisher, Standard Verlagsgesellschaft AUT
Burns, William President, Carnegie Endowment for International Peace USA
Calvar, Patrick Director General, DGSI FRA
Castries, Henri de Chairman, Bilderberg Meetings; Chairman and CEO, AXA Group FRA
Cebrián, Juan Luis Executive Chairman, Grupo PRISA ESP
Clark, W. Edmund Retired Executive, TD Bank Group CAN
Coeuré, Benoît Member of the Executive Board, European Central Bank INT
Coyne, Andrew Editor, Editorials and Comment, National Post CAN
Damberg, Mikael L. Minister for Enterprise and Innovation SWE
De Gucht, Karel Former EU Trade Commissioner, State Minister BEL
Donilon, Thomas E. Former U.S. National Security Advisor; Partner and Vice Chair, O’Melveny & Myers LLP USA
Döpfner, Mathias CEO, Axel Springer SE DEU
Dowling, Ann President, Royal Academy of Engineering GBR
Dugan, Regina Vice President for Engineering, Advanced Technology and Projects, Google USA
Eilertsen, Trine Political Editor, Aftenposten NOR
Eldrup, Merete CEO, TV 2 Danmark A/S DNK
Elkann, John Chairman and CEO, EXOR; Chairman, Fiat Chrysler Automobiles ITA
Enders, Thomas CEO, Airbus Group DEU
Erdoes, Mary CEO, JP Morgan Asset Management USA
Fairhead, Rona Chairman, BBC Trust GBR
Federspiel, Ulrik Executive Vice President, Haldor Topsøe A/S DNK
Feldstein, Martin S. President Emeritus, NBER; Professor of Economics, Harvard University USA
Ferguson, Niall Professor of History, Harvard University, Gunzberg Center for European Studies USA
Fischer, Heinz Federal President AUT
Flint, Douglas J. Group Chairman, HSBC Holdings plc GBR
Franz, Christoph Chairman of the Board, F. Hoffmann-La Roche Ltd CHE
Fresco, Louise O. President and Chairman Executive Board, Wageningen University and Research Centre NLD
Griffin, Kenneth Founder and CEO, Citadel Investment Group, LLC USA
Gruber, Lilli Executive Editor and Anchor “Otto e mezzo”, La7 TV ITA
Guriev, Sergei Professor of Economics, Sciences Po RUS
Gürkaynak, Gönenç Managing Partner, ELIG Law Firm TUR
Gusenbauer, Alfred Former Chancellor of the Republic of Austria AUT
Halberstadt, Victor Professor of Economics, Leiden University NLD
Hampel, Erich Chairman, UniCredit Bank Austria AG AUT
Hassabis, Demis Vice President of Engineering, Google DeepMind GBR
Hesoun, Wolfgang CEO, Siemens Austria AUT
Hildebrand, Philipp Vice Chairman, BlackRock Inc. CHE
Hoffman, Reid Co-Founder and Executive Chairman, LinkedIn USA
Ischinger, Wolfgang Chairman, Munich Security Conference INT
Jacobs, Kenneth M. Chairman and CEO, Lazard USA
Jäkel, Julia CEO, Gruner + Jahr DEU
Johnson, James A. Chairman, Johnson Capital Partners USA
Juppé, Alain Mayor of Bordeaux, Former Prime Minister FRA
Kaeser, Joe President and CEO, Siemens AG DEU
Karp, Alex CEO, Palantir Technologies USA
Kepel, Gilles University Professor, Sciences Po FRA
Kerr, John Deputy Chairman, Scottish Power GBR
Kesici, Ilhan MP, Turkish Parliament TUR
Kissinger, Henry A. Chairman, Kissinger Associates, Inc. USA
Kleinfeld, Klaus Chairman and CEO, Alcoa USA
Knot, Klaas H.W. President, De Nederlandsche Bank NLD
Koç, Mustafa V. Chairman, Koç Holding A.S. TUR
Kravis, Henry R. Co-Chairman and Co-CEO, Kohlberg Kravis Roberts & Co. USA
Kravis, Marie-Josée Senior Fellow and Vice Chair, Hudson Institute USA
Kudelski, André Chairman and CEO, Kudelski Group CHE
Lauk, Kurt President, Globe Capital Partners DEU
Lemne, Carola CEO, The Confederation of Swedish Enterprise SWE
Levey, Stuart Chief Legal Officer, HSBC Holdings plc USA
Leyen, Ursula von der Minister of Defence DEU
Leysen, Thomas Chairman of the Board of Directors, KBC Group BEL
Maher, Shiraz Senior Research Fellow, ICSR, King’s College London GBR
Markus Lassen, Christina Head of Department, Ministry of Foreign Affairs, Security Policy and Stabilisation DNK
Mathews, Jessica T. Distinguished Fellow, Carnegie Endowment for International Peace USA
Mattis, James Distinguished Visiting Fellow, Hoover Institution, Stanford University USA
Maudet, Pierre Vice-President of the State Council, Department of Security, Police and the Economy of Geneva CHE
McKay, David I. President and CEO, Royal Bank of Canada CAN
Mert, Nuray Columnist, Professor of Political Science, Istanbul University TUR
Messina, Jim CEO, The Messina Group USA
Michel, Charles Prime Minister BEL
Micklethwait, John Editor-in-Chief, Bloomberg LP USA
Minton Beddoes, Zanny Editor-in-Chief, The Economist GBR
Monti, Mario Senator-for-life; President, Bocconi University ITA
Mörttinen, Leena Executive Director, The Finnish Family Firms Association FIN
Mundie, Craig J. Principal, Mundie & Associates USA
Munroe-Blum, Heather Chairperson, Canada Pension Plan Investment Board CAN
Netherlands, H.R.H. Princess Beatrix of the NLD
O’Leary, Michael CEO, Ryanair Plc IRL
Osborne, George First Secretary of State and Chancellor of the Exchequer GBR
Özel, Soli Columnist, Haberturk Newspaper; Senior Lecturer, Kadir Has University TUR
Papalexopoulos, Dimitri Group CEO, Titan Cement Co. GRC
Pégard, Catherine President, Public Establishment of the Palace, Museum and National Estate of Versailles FRA
Perle, Richard N. Resident Fellow, American Enterprise Institute USA
Petraeus, David H. Chairman, KKR Global Institute USA
Pikrammenos, Panagiotis Honorary President of The Hellenic Council of State GRC
Reisman, Heather M. Chair and CEO, Indigo Books & Music Inc. CAN
Rocca, Gianfelice Chairman, Techint Group ITA
Roiss, Gerhard CEO, OMV Austria AUT
Rubin, Robert E. Co Chair, Council on Foreign Relations; Former Secretary of the Treasury USA
Rutte, Mark Prime Minister NLD
Sadjadpour, Karim Senior Associate, Carnegie Endowment for International Peace USA
Sánchez Pérez-Castejón, Pedro Leader, Partido Socialista Obrero Español PSOE ESP
Sawers, John Chairman and Partner, Macro Advisory Partners GBR
Sayek Böke, Selin Vice President, Republican People’s Party TUR
Schmidt, Eric E. Executive Chairman, Google Inc. USA
Scholten, Rudolf CEO, Oesterreichische Kontrollbank AG AUT
Senard, Jean-Dominique CEO, Michelin Group FRA
Sevelda, Karl CEO, Raiffeisen Bank International AG AUT
Stoltenberg, Jens Secretary General, NATO INT
Stubb, Alexander Minister of Finance FIN
Suder, Katrin Deputy Minister of Defense DEU
Sutherland, Peter D. UN Special Representative; Chairman, Goldman Sachs International IRL
Svanberg, Carl-Henric Chairman, BP plc; Chairman, AB Volvo SWE
Svarva, Olaug CEO, The Government Pension Fund Norway NOR
Thiel, Peter A. President, Thiel Capital USA
Tsoukalis, Loukas President, Hellenic Foundation for European and Foreign Policy GRC
Üzümcü, Ahmet Director-General, Organisation for the Prohibition of Chemical Weapons INT
Vitorino, António M. Partner, Cuetrecasas, Concalves Pereira, RL PRT
Wallenberg, Jacob Chairman, Investor AB SWE
Weber, Vin Partner, Mercury LLC USA
Wolf, Martin H. Chief Economics Commentator, The Financial Times GBR
Wolfensohn, James D. Chairman and CEO, Wolfensohn and Company USA
Zoellick, Robert B. Chairman, Board of International Advisors, The Goldman Sachs Group USA
A conspicuous absentee is the International Monetary Fund’s managing director Christine Lagarde, who attended last year.
Well it has been a long time coming, but all along there have been discussions behind closed doors (never in public) that the Administrative Law Courts established with the New Deal were totally unfounded and unconstitutional. With the anniversary of Magna Carta and the right to a jury trial coming up on June 15 after 800 years, the era of Roosevelt’s big government is quietly unraveling.
A federal judge’s ruling against the Securities and Exchange Commission for using its own Administrative Law judges in an insider trading case is perhaps the beginning of the end of an alternative system of justice that took root in the New Deal. Constitutionally, the socialists tore everything about the idea of a Democracy apart. It was more than taxing one party to the cheers of another in denial of equal protection. It was about creating administrative agencies (1) delegating them to create rules with the force of law as if passed by Congress sanctioned by the people; (2) the creation of administrative courts that defeated the Tripartite government structure usurping all power into the hand of the executive branch, as if this were a dictatorship run by the great hoard of unelected officials.
The judge ruled that the SEC agency violated the Appointments Clause of the Constitution by subjecting Hill to proceedings before an Administrative Law judge, who isn’t directly accountable to the president, officials in charge of the SEC, or the courts under Article III. The ruling is 81 years overdue. The entire structure of administrative agencies blackmailing people has been outrageous. Then you take the banks who just entered a plea of CRIMINALLY guilty to manipulating markets. They are now formally FELONS who engaged in violating SEC rules and thus under the SEC rules, they are no longer eligible for a banking license. The banks are “too big to jail” and the SEC has waived their own rules, of course, to exempt the banks. So they can engage in fraud and manipulation, get caught, pay billions in fines, and the SEC exempts them from losing their licenses. This is how corrupt the administrative agencies really are.
This new decision calling the Administrative Law Courts what they really are is reminiscent of the notorious extrajudicial proceedings of the Star Chamber operated by King James I. The court of Chancery set up outside of the King’s Bench, so there were no trials by jury. It had the same purpose, to circumvent the law.
If Inventories down, then buy oil at the fastest pace in 2 months. That appears to be the algo logic as talking heads additionally blame Antichrist Saudi airstrikes on Yemen for the over 6% surge in WTI in the last 2 days. However, as crude nears $62 (6 month highs) once again, we note that not only Antichrist Saudi oil production just hit a new record high, but US production hit a new cycle high last week (DOE data today), and this is happening as Antichrist China’s energy demand grows at the slowest pace since 1998.
So slowing demand growth and soaring production… means prices are ripping.
Some hospitals are marking up treatments by as much as 1,000 percent, a new study finds, and the average U.S. hospital charges uninsured patients three times what Medicare allows.
Twenty of the hospitals in the top 50 when it comes to marking up charges are in Florida, the researchers write in the journal Health Affairs. And three-quarters of them are operated by two Tennessee-based for-profit hospital systems: Community Health Systems and Hospital Corporation of America.
“We just want to raise public awareness of the problem,” said Ge Bai of Washington & Lee University in Virginia, an accounting professor who wrote the study along with Gerard Anderson of Johns Hopkins University in Baltimore. Does reading that make you angry?
They are greedily taking advantage of all of us.
Other studies have come up with similar results. Here is one example…
According to National Nurses United, U.S. hospital charges continue to soar with a handful of them, such as Meadowlands Hospital Medical Center in Secaucus, N.J., going as far as charging more than ten times the total cost — or almost $1,200 per $100 of the cost of care. Meanwhile, the hundred priciest hospitals in the nation were found to have this cost ratio begin at 765 percent, which is more than twice the national average of 331 percent. Much of the time, we are being overcharged for tests, services and procedures that we don’t even need.
It has been estimated that the amount of truly wasteful spending in the U.S. medical system comes to a grand total of about $600 billion to $700 billion annually. That means that wasteful medical spending in the U.S. each year is greater than the GDP of the entire country of Sweden.
And of course almost everyone has a story about an absolutely ridiculous medical bill that they have received. In fact, if you have one that you would like to share, please feel free to share it at the end of this article. The following are just a few examples that were shared in an editorial in a local newspaper…
Have you heard about the little girl who required three stitches over her right eye? The emergency room sent her parents a bill for $1,500 — $500 per stitch (NY Times, Dec. 3). My neighbor recently spent six hours in the emergency room with bleeding from the mouth. He was on a blood thinner, needed several blood tests, and his heart was monitored. His hospital bill came to $22,000. A California man diagnosed with lung cancer chose to fight his cancer aggressively. Eleven months later his widow received a bill exceeding $900,000.
One of the most disturbing trends that we are witnessing all over the nation is something called “drive by doctoring”. That is where an extra doctor that isn’t even necessary “pops in” to visit patients that are not his or “assists” with a surgery in order to stick the patient with a big, fat extra bill. The following is from a New York Times article about this disgusting practice… Before his three-hour neck surgery for herniated disks in December, Peter Drier, 37, signed a pile of consent forms. A bank technology manager who had researched his insurance coverage, Mr. Drier was prepared when the bills started arriving: $56,000 from Lenox Hill Hospital in Manhattan, $4,300 from the anesthesiologist and even $133,000 from his orthopedist, who he knew would accept a fraction of that fee.
He was blindsided, though, by a bill of about $117,000 from an “assistant surgeon,” a Queens-based neurosurgeon whom Mr. Drier did not recall meeting. How would you like to receive a bill for $117,000 from a doctor that you had never met and that you did not know would be at your surgery?
This is how broken our medical system has become.
And of course this type of abuse is not just happening in New York. It is literally happening all over the nation…
In operating rooms and on hospital wards across the country, physicians and other health providers typically help one another in patient care. But in an increasingly common practice that some medical experts call drive-by doctoring, assistants, consultants and other hospital employees are charging patients or their insurers hefty fees.
They may be called in when the need for them is questionable. And patients usually do not realize they have been involved or are charging until the bill arrives. If you or a close family member has been to the hospital recently, you probably know how astronomical some of these bills can be.
And if you have a chronic, life threatening disease, you can very rapidly end up hundreds of thousands of dollars in debt. If you doubt this, just check out the following excerpt from an article that appeared in Time Magazine. One cancer patient out in California ran up nearly a million dollars in hospital bills before he finally died…
By the time Steven D. died at his home in Northern California the following November, he had lived for an additional 11 months. And Alice had collected bills totaling $902,452. The family’s first bill — for $348,000 — which arrived when Steven got home from the Seton Medical Center in Daly City, Calif., was full of all the usual chargemaster profit grabs: $18 each for 88 diabetes-test strips that Amazon sells in boxes of 50 for $27.85; $24 each for 19 niacin pills that are sold in drugstores for about a nickel apiece. There were also four boxes of sterile gauze pads for $77 each. None of that was considered part of what was provided in return for Seton’s facility charge for the intensive-care unit for two days at $13,225 a day, 12 days in the critical unit at $7,315 a day and one day in a standard room (all of which totaled $120,116 over 15 days). There was also $20,886 for CT scans and $24,251 for lab work.
The sad truth is that the U.S. health care system has become all about the money.
A select few are becoming exceedingly wealthy while millions go broke. One very disturbing study discovered that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt. And collection agencies seek to collect unpaid medical bills from approximately 30 million Americans every single year.
Once upon a time, going into the medical profession was a sacrifice and you did it because you wanted to help people. Today, it is considered to be a path to riches.
If the U.S. health care system was a separate country, it would actually be the 6th largest economy on the entire planet. Even though our system is deeply broken, nobody wants to rock the boat because trillions of dollars are at stake. If it was up to me, I would tear the entire thing down and rebuild it from scratch.
^^^Anyone that has ever paid cash for their own treatment has a bill that proves fraud, if not also malpractice, and a systemic medical political and corporate conspiracy to rip ofF everyone the moment they are captured by means of the new medical legal extortion laws. It is better to suffer and die outside the current system than to live and be saved temporarily because of any cure within this corrupt medical deep capture. Everyone within the current system is guilty of complicit approval, but in the case of every bastard that voted for Obozocare, death is too good for the evil dipshits. Time in Hell is assured for every last one of them.
Perhaps the dumbest headline that best describes the Antichrist image of every dipshit that accepts Homosexual claims of marriage and equality (Transgender ‘female’ MMA fighter gives female opponent concussion, broken eye socket)
Now just imagine this obvious example of pure evil and stupidity standing in contempt before our Father in Christ. In this case the drag queen that slammed the woman is certainly going to Hell. The only hope for the Antichrist self image is, that there is no sustaining mercy, and our Father in Christ does not exist and there is no penalty for being an evil dipshit. Life is just a meaningless self image without purpose meaning or cause, so body slamming a real woman, as a man claiming to be a drag queen bride, well that is just fine. As an added bonus, under the Antichrist NWO 666 Homosexual Pride Obozocare standard everyone that accepts the mark of the beast pays the cost, and for certain the price of their eternal salvation which they have surrendered so some idiot can get into the ring with an even dumber bastard and severely injure the real woman.
^^^Christians cannot serve this government. In order to protect and serve Sodom, Sodom requires and army in it’s own Antichrist NWO 666 image. Everyone that now accepts the Pentagon’s Homosexual Pride Image has accepted the 666 Antichrist mark of the beast and is condemned to Hell. The American military requires the absence of all true Christian Saints of our Father in Christ. This fact is inescapable. Anyone that claims to be a Christian in the Homosexual Pride Image of the Antichrist NWO 666 Beast is a liar. The days of the Christian moral and ethic have ended in America. The American military has proven this, and certainly the American political and economic reality has confirmed this. It is time for the judgment of; America, Israel, and all nations. All America is, at this point, it is the most morally, fiscally, and spiritually, bankrupt nation with the highest corrupt wealth power backed by the most advanced weapons carried by Antichrist NWO 666 Hell bound fools in Homosexual Bride Pride uniform. It is a disgusting beast and the great prophetic Whore of Babylon all bound up in ”one” Antichrist voice of contempt.
Americas Christian hedge is taken away. Now America is exposed to the mirror image of the Antichrist NWO 666 Whore Of Babylon and The Beast. In other words, America is Hell bound now.
Petrus Romanus Pope Allows Antichrist Koran Reading And Prayer At Vatican And All 3 Antichrist U.S. Supreme Court Jews Abort Jerusalem And Proclaim Jerusalem To Be The New World Order Soulless 666 Citizen’s United Homosexual Pride Image Of The Obozo 911 POTUS Clown Antichrist Beast Bride