Louisiana Will Eliminate Health Benefits For HIV Patients, Poor Children, And First Time Moms This Week
January 29, 2013 by uncoverthenews
Filed under Big Pharma, Economy, Health News
Last week, Louisiana’s poor and terminally ill residents won a surprising victory when Gov. Bobby Jindal (R) announced that his state would not stop providing hospice care to its Medicaid beneficiaries. Unfortunately, that’s about the only piece of good news for low-income Louisianans’ health coverage, as the state is still set to implement massive cuts for Medicaid programs that “provide behavioral health services for at-risk children, offer case management visits for low-income HIV patients and pay for at-home visits by nurses who teach poor, first-time mothers how to care for their newborns” this Friday.
Must Watch Video on National Debt, 1 minute long
National Debt click to watch the video. It’s only one minute long and is very good!
At the precipice of disaster
I haven’t been posting too much over the past several months as things in our country continue to deteriorate at the usual pace, fast and un challenged!
The economy is fragile and the ‘medicine’ that Ben Bernanke is giving the ‘system’ will soon become the poison–it is inevitable. This is not just me spouting off at the mouth but several very good economists with pretty darn good track records as well.
Take a look at this article, read it and weep for what once was and what is coming soon.
Major Bank, Economists Agree: Market Collapse Will Strike in 2013
Wednesday, 09 Jan 2013 10:22 AM
By Christian Hill
According to a major bank, a pair of noted economists, and one controversial billionaire, 2013 will be a “year of terrible reckoning” for the stock market.
JPMorgan just released its outlook for the first quarter. Surprisingly, this regularly bullish company has reversed course and revealed an ominous chart that every investor needs to be alerted to.
As you can clearly see, stocks have retraced the pattern from the last two big market rallies (averaging over 100%), and now face a massive decline in 2013 (of over 50%).
JPMorgan isn’t alone in its stark predictions.
Economist and NYU professor Nouriel Roubini has said in recent interviews that there is a chance that an economic “perfect storm” will devastate global markets in 2013. He points to a worsening eurozone crisis, a hard landing for the Chinese economy, and a war in the Middle East that could push oil prices above $200 a barrel.
Agreeing with Roubini’s worrisome outlook is billionaire Jim Rogers. In a recent interview with Yahoo Finance, Rogers says regarding 2013, “You should be very worried, and you should prepare yourself.”
Rogers referenced a little-known economic cycle that proves the United States experiences a slowdown every four to six years (and 2013 marks four years since our last slowdown).
Perhaps most alarming of all are the predictions made by economist Robert Wiedemer.
In a recent interview for his New York Times best-seller Aftershock, Wiedemer says, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2013.”
Editor’s Note: Watch the disturbing interview with Wiedemer. click here to view
Now before you dismiss Wiedemer’s claims as impossible or unrealistic, consider that he and his team of economists correctly foresaw the real estate collapse in 2006, the stock market crash of 2008, and the federal debt bubble plaguing America now.
And bear in mind, Sam Stovall of Standard & Poor’s has stated that Wiedemer “makes a compelling argument for a chilling conclusion,” and MarketWatch’s Paul Farrell called Wiedemer’s work “your bible.”
When the interview host questioned Wiedemer’s latest data, the author unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, “You see, the medicine will become the poison.”
The interview has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The country’s financial “rescue” devised in Washington has failed miserably.
Wiedemer says blame lies squarely on those whose job it was to avoid the exact situation we find ourselves in, including current Federal Reserve Chairman Ben Bernanke and former Chairman Alan Greenspan, tasked with preventing financial meltdowns and keeping the nation’s economy strong through monetary and credit policies.
Shocking Footage: See the eerie chart that exposes the ‘unthinkable.’
At one point, Wiedemer even calls out Bernanke, saying that his “money from heaven will be the path to hell.”
But it’s not just the grim predictions that are causing the sensation; rather, it’s the comprehensive blueprint for economic survival that’s really commanding global attention.
Now viewed over 50 million times, the interview offers realistic, step-by-step solutions that the average hard-working American can easily follow.
The overwhelming amount of feedback to publicize the interview, initially screened for a private audience, came with consequences as various online networks repeatedly shut it down and affiliates refused to house the content.
Bernanke and Greenspan were not about to support Wiedemer publicly, nor were the mainstream media.
“People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog, “but unfortunately, it kept getting pulled.”
“Our real concern,” DeHoog added, “is what if only half of Wiedemer’s predictions come true?
“That’s a scary thought for sure. But we want the average American to be prepared, and that is why we will continue to push this video to as many outlets as we can. We want the word to spread.”
I urge you to take the necessary precautions as things could get rather weird in the coming days and months ahead! No one knows the exact moment, but many will point back in time and pick some arbitrary event that ’caused it all’. Ben Bernanke will most likely avoid ridicule. Many have been, are and will be responsible for our economy and none will be made responsible.
South Africa boycotting illegal Israeli products
October 14, 2012 by uncoverthenews
Filed under Economy
Activists for freedom are capitalizing on political gains by the BDS movement here in South Africa to ensure that the occupation in Palestine is ended.
The escalation in protests such as this one comes only two months after the government decided that any products emanating from illegally occupied territories in Palestine must be labeled as such when sold on the South African market.
Your right to resell your own stuff is in peril
October 8, 2012 by uncoverthenews
Filed under Economy
CHICAGO (MarketWatch) — Tucked into the U.S. Supreme Court’s agenda this fall is a little-known case that could upend your ability to resell everything from your grandmother’s antique furniture to your iPhone 4.
At issue in Kirtsaeng v. John Wiley & Sons is the first-sale doctrine in copyright law, which allows you to buy and then sell things like electronics, books, artwork and furniture, as well as CDs and DVDs, without getting permission from the copyright holder of those products.
Under the doctrine, which the Supreme Court has recognized since 1908, you can resell your stuff without worry because the copyright holder only had control over the first sale.
Put simply, though Apple Inc. AAPL -2.31% has the copyright on the iPhone and Mark Owen has it on the book “No Easy Day,” you can still sell your copies to whomever you please whenever you want without retribution.
That’s being challenged now for products that are made abroad, and if the Supreme Court upholds an appellate court ruling, it would mean that the copyright holders of anything you own that has been made in China, Japan or Europe, for example, would have to give you permission to sell it.
“It means that it’s harder for consumers to buy used products and harder for them to sell them,” said Jonathan Band, an adjunct professor at Georgetown University Law Center, who filed a friend-of-the-court brief on behalf of the American Library Association, the Association of College and Research Libraries and the Association for Research Libraries. “This has huge consumer impact on all consumer groups.”
Another likely result is that it would hit you financially because the copyright holder would now want a piece of that sale.
It could be your personal electronic devices or the family jewels that have been passed down from your great-grandparents who immigrated from Spain. It could be a book that was written by an American writer but printed and bound overseas, or an Italian painter’s artwork.
Supreme Court to Review Potential Limitations of First-Sale Doctrine
September 16, 2012 by uncoverthenews
Filed under Economy
The United States Supreme Court will soon determine whether the first-sale doctrine applies to imported goods.
September 15, 2012 /24-7PressRelease/ — The highest court in the land has decided to hear a case that will help clarify how the first-sale doctrine applies to international trade. This decision will then, in turn, impact future intellectual property disputes affected by the doctrine. The Supreme Court will hear arguments on the case this October and will likely issue a ruling in early 2013.
The First-Sale Doctrine
The first-sale doctrine allows the owner of a lawfully made copy of a trademarked or copyrighted good to sell or dispose of that copy without obtaining the permission of the copyright owner. For example, a mother who purchases a DVD of a popular children’s movie can sell that DVD at a yard sale a few years later without the permission of whoever owns the copyright.
The main question the Supreme Court will consider is whether or not the first-sale doctrine applies to American goods assembled and purchased abroad and imported into the United States for sale. In other words, could the same mother ask her family abroad to purchase the same DVD and send it to the U.S., and then turn around and sell it in the American market?
1/2 of Americans Depend on Government for Something!
No big surprise that over 1/2 of all Americans depend on Big Government for some type of subsidy. These subsidies include but are not limited to: Medicaid, food stamps, earned income tax credit, work pay tax credit and unemployment benefits. That would be about 165 million of 308 million Americans are dependents of the U.S. Government.
Over the past 4 years the number of folks on welfare increased from 97 million to 107 million according to some sources. At the same time the number of folks on food stamps has increased by 14 million. I personally am not surprised about this statistic. It shows that while there is some economic activity it certainly isn’t ‘trickling’ down to main street.
There are millions of people that want to work, there just isn’t any work to be had! If you believe the statistics it is getting better but not fast enough. College graduates and those that have been in and are now out of the work place all need jobs.
I for one am hiring here in Longmont Colorado…anyone want a job? Food packaging and blending are the duties and we need help now. That is my contribution to the economy and I will stay that way as long as the government will permit me to make a profit…something that all to frequently seems to be harder to do.
Billionaire Money Manager Bets Big on Gold
Billionaire John Paulson has bet big on Gold, raising his firms investment in the metal to 44%. He has been big on gold since 2009 but his luck has not been so hot for the past 2 years with record losses.
He is betting that gold will remain a great hedge against currency debasement, rising inflation and the possible break up of the euro. All things that everyone of us should be concerned about! He must be really concerned with a bet that size.
Seriously folks, while this guy’s recent track record isn’t the best his long term record is pretty dang good! For those of us out there that continue to hold gold and silver we can take comfort in the knowledge that some very sophisticated investors are feeling the same way as we are and doing the same thing..buying gold and silver.
The prices are down and the macro economic situation hasn’t changed at all, in fact in my view it is even worse. Now you have the Israelis talking about bombing Iran again. Syria is falling apart and the news on the Euro, Spain and Greece is just not improving. Added to all this is the threat of a world wide food shortage and I have not listed all the bad stuff out there either!
Time to get prepared? I would think so in spades! Food, water, gold and silver make up a really great starter kit!
Euro Crisis Continues
The demise of our global economy is not an event that will go in a straight line to the bottom. It will be up and down with lots of posturing on behalf of the ‘leaders’ of the ‘developed’ countries.
Today is yet another example of this political posturing as the European Central Banker came out and said he would do whatever necessary to preserve the Euro and the EC! Pray tell what that would be sir!
The only weapon that these guys have is the ability to print money into infinity. As we all know, infinite money chasing limited supply of products, goods and services means prices will eventually rise to the point where these prices can change on an daily if not hourly basis. Hyper inflation this is called. Something that we in this country have never witnessed.
We will see in the coming days more of the same as Greece exits the Euro and the EC, yields will go higher on the sovereign debts of the EC members that are in the most trouble which will result in the European Central Bank to print more money to buy their bonds to try and lower yields. At some point this type of strategy will simply cease to function as needed and collapse will follow, but not in a straight line.
Be very careful if you are in the markets now. I personally am and have been out for quite some time…Closed my account at PFG just in time! Stick to food, water, shelter, gold and silver if I were you…And pray for better days to come!
Still no JOBS!
AS helicopter Ben Bernanke testifies before Congress, we see yet again that all the quantative easing that the Fed has done has yet to ‘jump start’ the economy. At best and this is a huge supposition, the economy isn’t in total shambles.
On the human end of things, most people that are still without jobs their lives are in complete shambles. I think it is fair to say that there are millions out there that would love to work, unfortunately there are damn few jobs out there.
Why can’t those that had jobs become employed you might ask? There are so many reasons such as; Age discrimination, the older you are the more likely that you are laid off first and will be the last to be hired-if at all; many have simply given up looking for a job now, after 99 weeks the benefits are all gone and the psychological toll on many is overwhelming. Calls to suicide hot lines have tripled since 2008.
The devastation to the economy just gets worse as these unemployed folds that have mortgages lose their homes, over 6 million foreclosures since 2008. Entire neighborhoods are affected as prices fall dramatically with no buyers. Many end up in shelters or if fortunate with family and/or friends.
The health consequences are also huge as the stress causes multiple health issues and without money to pay for insurance and/or treatments the medicaid system is taxed to the limits.
These are just some of the effects of our current state of affairs. The problems in our economy are now so systemic that it will take someone with incredible courage to ‘right this ship’. Again unfortunately politicians are not the guys that will do anything about this. They don’t really know enough about economics and business to make good judgement calls. They depend on special interest groups to educate them and that is really unfortunate as these groups have highly skewed view points.
Alas, it always comes down to money! Those that can pay the lobbyists get the rules that favor them to the exclusion of everyone else. It can get better but it will take the efforts of everyone united.
Why aren’t these unemployed out in the streets protesting the lack of attention on the economy? Well when you don’t have anything it is very difficult to drive down the street much less go farther afield to attend a rally….
What a system, wipe out the middle class and take away everything, even their voice! Have we become a feudal society?
