Illinois municipal Downgraded - (Insert your State here) is next

Illinois' rating on $23.4 billion of municipal debt cut to A-
http://www.dailyherald.com/story/?id=369433

Illinois' rating on $23.4 billion of municipal bonds was cut one level to A- by Fitch Ratings, which cited a rising budget deficit in the next fiscal year for the second-lowest rated state after California.

Illinois and California are trying to out do each other it seems. Another wake up call to the States, if you think you are just going to be bailed out you are in for a rude awakening. There is no court for a State to file bankruptcy. You better start shedding this debt and do it in a hurry.

The pyramid scheme is coming to an end like all pyramid schemes do, by collapsing. You can't save the financial system and you can't save people from losing.
It's not a matter of whether you are screwed or not, it's only a matter of how screwed you are.

Euro falls on concerns over Greece --- STATES ARE NEXT

Euro falls on concerns over Greece

http://www.irishtimes.com/newspaper/finance/2010/0331/1224267399042.html

Greek seven-year notes fell in the first day of trading and an auction of 12-year bonds garnered demand for less than half the debt offered on concern Europe’s most indebted nation will keep struggling to fund itself.

What is happening in Greece is going to happen to the States. There is nothing the States can do to help save the financial system, it's toast, it will collapse into a heap of a mess. The States must protect themselves, not from financial doom, that's coming anyway. The States need to protect themselves from being taken over by the federal government which will use the financial collapse of the State's financial obligations as the backdrop.

The States better wake up and wake up soon because there is no court for them to file bankruptcy in. The States are just as delusional as Greece, the States should not be talking about eliminating 5-10% of their budgets, they need to start talking 80-90% of their budget and they need to start repealing State legislative acts that allows federal government programs and agencies to move under State law.

First State out is the biggest winner, last State out is the biggest loser.

Low Interest Rates Are Squeezing Seniors
http://online.wsj.com/article_email/SB10001424052702303429804575149633264117248-lMyQjAxMTAwMDIwOTEyNDkyWj.html

"Today's historically low interest rates may be feeding banks' profitability, but they are financially starving our seniors."

This article destroys the whole concept of old=wise theory. Let me get this right, the old people are upset because the pyramid scheme they entered into is no longer growing at the rate needed and because of that they get very little income from doing... oh... nothing. Really what they should be upset about is themselves for believing their parents and going through their whole life believing pyramid schemes actually work. Well, they do work, for a while.

"These people depend on cash savings for their financial well-being. "

Yeah, I am sure they do, the problem is they first made a mistake when they believed the lie, now after decades and decades they are upset. Really what they are basically down to now is begging more people to enter the pyramid scheme to support them for doing nothing.

So, here we are with a bunch of old people that don't do anything and they bought products which really only exist in someone's delusions and they want someone to take care of them. I don't know how to break it to them other than to be completely honest, you were SCAMMED. What they are asking for is an impossibility, if it were possible, well then there wouldn't be things called PYRAMID SCHEMES.

"Those in Washington should keep their plight in mind as they consider Fed monetary policies going forward. "

I don't know whether to laugh or cry at this stupidity. Sorry buddy, DC has no ability to make the equation sustain itself. The Fed certainly could have continued to fight the market in 2007 and the result would have been the biggest mushroom cloud ever witnessed. If the Fed has magical powers, tell them to send me over a pizza and 99 virgins.

The people that realized they were SCAMMED first will be better off than the ones that just don't want to admit it.

Heck, raise the Fed Funds Rate up to 10% and let me know how the seniors like it then when everything they supposedly own vanishes in a flash. I mean if you really want to finish the system off that is surely one way of doing it, I assure the person writing the article those seniors wouldn't collect one more interest payment if that happened.

*Note - As already pointed out in a previous blog. The Fed follows the market, in 2007 the market told the Fed where to stick their interest rate hikes.

States Better Wake Up

http://www.nytimes.com/2010/03/30/business/economy/30states.html

"The state’s economy will also be weighed down by the ballooning federal debt, though California does not have to worry about those payments as much as its taxpaying citizens and businesses do."

Wrong. The Federal government will be pushing down mandates to the States. If they are not getting the Bills now, they will be in the future. The States have one of two choices. 1.) Do nothing and eventually the Federal government will have to take over all the States as they go into bankruptcy but without a court to file bankruptcy 2.) Start cutting the ropes that bind, get rid of all unfunded liabilities such as pensions and entitlements, either done at the State level or by agreement with the Federal government via State legislation.

If the States don't wake up soon there will be no States in the future.

Lemming's Journey

The Lemming's journey started way before the modern day lemmings were even born. The Lemming's goal which is unknown to most of them is to travel as far as they can then jump into the pit.

The Lemmings wouldn't be Lemmings if they didn't march down the road. Now if the Lemmings decide to stop in their march, a big giant pit will open beneath their feet where they stand. The Lemming's fate was sealed as soon as they started marching down the road.

There is no escape for Lemmings. For the Lemmings to be able to escape their doom, they would have to have unlimited power. Imagine for a second there is black hole in front of you, you decide to go check it out, once you hit the event horizon it's over. In a panic, you may decide to hit your rocket boosters to get away from the Singularity, but as you do that you actually are now getting close to your doom.

Bridge To Nowhere With No Income

http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm

"Personal income increased $1.2 billion, or less than 0.1 percent, and disposable personal income
(DPI) increased $1.6 billion, or less than 0.1 percent, in February, according to the Bureau of Economic
Analysis.  Personal consumption expenditures (PCE) increased $34.7 billion, or 0.3 percent.  In January,
personal income increased $30.4 billion, or 0.3 percent, DPI decreased $26.0 billion, or 0.2 percent,
and PCE increased $38.5 billion, or 0.4 percent, based on revised estimates."

The system is rather simple when you break it down. It's a pyramid scheme, it's based on the false belief that humans can demand and supply exponentially forever. If the system were based on grain of sand or dirt, humans pass around the grains as their medium of exchange by loaning and borrowing. As soon as all the humans begin to attach compounding interest on it, it's game over, you are on the lemmings path over the cliff. Eventually, you will run out of grains of sand on the Earth, then you might move over to the Moon but that wouldn't last long because the supply must be exponential.

In essences, the humans today and in the last 65 years are stealing from the future, the problem is humans have no ability to steal at an exponential rate long-term.

As the report above shows, humans are not supplying nor demanding what the equation needs to sustain itself. The target is actually moving now away from humans at an exponential rate.

I hear about de-leveraging, that's the biggest myth in the game. The system is not de-leveraging at all. All that is going on is stupid humans moving non-funded over to the government. For the system to continue to survive even a little longer you are going to have to find a way to leverage more because the amount of power you need to sustain the equation continues to go up exponentially but humans have no ability to supply it.

It's called desperation as the black hole comes into view and you hit the event horizon.

Bridge To Nowhere

Bridge To Nowhere

What has occurred over the last 20 months is the failed attempt at building a bridge between waves. What Benny and the Jets has failed to realize in his study of the Great Depression is that the bridges would have to go up and have infinite power to sustain the system. The only way Benny could be successful is if the bridges are going up at the rate that is exponential to meet the demand of the underlying equation being used in the system.










Benny and the Jets would have to be God or God-like or maybe even have more power than God to sustain the system. They can definitely can and do have influence and effect the rate of decline but the equation always wins in the end.

The underlying equation is still demanding additional credit without an increase in production, nor do humans have the ability to supply the equation exponential growth long-term, unless your idea of long-term is 60-80 years.

Florida unemployment hit record 12.2 percent in February

http://www.sun-sentinel.com/business/fl-unemployment-february-20100326,0,4358873.story

"Florida's unemployment hit 12.2 percent in February, the highest rate on record, soaring past even the rates recorded in the 1973-1975 recession, the state work force agency said Friday."

I could have swore someone told me the economy was growing at a 5.6% annualized rate. It's going to be fun watching these States try and survive with huge cost coming from DC through mandates, higher taxes, and more unemployment. You would think maybe just maybe one of these States would actually wake up.

Someone in the State might want to ask the governor and the legislative branch exactly what happens when a State can't pay it's bills and creditors are sitting at the door.

I hate to tell you guys but there is no Court to file bankruptcy in.

Economy in U.S. Expanded at 5.6 Percent Pace in Fourth Quarter

http://www.bloomberg.com/apps/news?pid=20601087&sid=aJztpYrP_Yhc&pos=3

"The U.S. economy expanded at a 5.6 percent annual rate in the fourth quarter of 2009, and corporate profits climbed, setting the stage for gains in employment that may broaden and preserve the expansion."

Proof you can put a "For Sale" sign on a piece of crap and sell it for a profit to some stupid guy. Where did all this expansion come from I would like to know? Federal Reserve Z1 Report shows a -$133B in credit creation see Q4 Z1 report (http://www.federalreserve.gov/releases/z1/Current/z1.pdf) Yes, that is correct, the credit market is going negative and somehow the economy is setting the stage for "gains".

Well, I have seen to this point is the Federal government coming in to build a bridge to span the gap of the cycle or wave, unfortunately for the Federal government and everyone else on this planet you would need unlimited power to do so.

Total Credit Market Debt
2009 Q1 $52.882T
2009 Q2 $52.686T
2009 Q3 $52.549T
2009 Q4 $52.416T

2009 -$466B of credit creation
In comparison, the credit market was expanding at a $4.715T rate in 2007, so in 2 years you went from almost $5T growth a year to negative $1/2T.

Hmm, how exactly do you pay interest with negative money?

The system is collapsing folks. You can hide from it, you can complain about it, you can shout to put people in jail, you can pray to Helicopter Ben, you can have Congress outlaw it, but at the end of the day you are toast by using exponential growth as the basis of your system.

The system is over folks. The Federal government is the only player left at the table. Without huge Federal government deficits the system would be -$1.445T in the red. You can't pay interest on $53T with negative money.

And all the nutbags that think Helicopter Ben is going to save them are in for a rude awakening. If you can fund your own credit than there would be no use for the credit.

Health Insurance Mandates Unconstitutional, Says Republican Poe

http://talkradionews.com/2010/03/health-insurance-mandates-unconstitutional-says-republican-poe/

“The federal government has overreached its authority and Texans, like the majority of Americans, have had enough. Attorney General Abbott has my full support and I will continue to fight to uphold the Constitution for the people of the great state of Texas,” said Poe in a statement released on Thursday.

Attorney General is someone misleading or fails to understand himself. It is true that any mandate to force someone to buy something would be overreaching, the more important question is why is your State being a WILLING participant in Federal programs which are pyramid schemes? Why is your State allowing the Federal government via State law under Federal programs to operate pyramid schemes? Mr. Attorney General you do know where all the funds are going to come from to fund these schemes, right? You think it comes from the 10 by 10 mile square known as the District of Columbia? I think not Mr. Attorney General.

The Attorney General better wake up fast, if he doesn't like the mandates coming down the pike now he is in for a rude awakening. The State can't file bankruptcy Mr. Attorney General, although Texas is in a better position than most States it will be just like California eventually, the Federal government will have to come in to restructure your State how they see fit.

The pensions, the entitlements, and the pyramid schemes are going to go the way of the dinosaur anyway, you probably should consider keeping your State while you have a chance.

Is Civil War The Answer?

Is Civil War The Answer?

Absolutely not.
What the Tea Party movement is doing appears to me to make very little sense which is war. "Divide and conquer" should be the words used not war. The Tea Party is looking for "change" in DC, but where they should be looking for change is in their State Capital. The Tea Party movement is going to fall on deaf ears in DC, sure the Republicans appear to be listening in DC at the moment, wait till they are the majority. You and your State are in this position not from one of the parties but from the lies spread by BOTH parties, and by people lying to you at the State AND Federal level. These are all Federal programs ran under State law.

The answer lies in your State Capital. Where your State legislative branch has passed State Law that allows the Federal government to come into your State. If you don't believe me go look at your State code.

- There is no reason to use violence right now
- There is no reason for your State to leave the United States right now
- There is no reason for war or throwing bricks through windows
- There is no reason to go march to DC

The solution is simple, it rests in your State Capital.

Treasury To Announce Mortgage Writedown Plan

Gov't to unveil plan to shrink some home loans
http://www.google.com/hostednews/ap/article/ALeqM5gyoZ46fqVwnds84XZfpZHVMrkGCgD9ELTG200

"The Obama administration will announce Friday a plan to reduce the amount some troubled borrowers owe on their home loans, two people briefed on the matter said.

The two people declined to be identified because the program had not yet been announced. Details could not immediately be learned. But earlier in the day, Herbert Allison, an assistant Treasury secretary, told reporters officials are close to expanding the administration's $75 billion foreclosure relief effort.

The administration is also expected Friday to announce aid for homeowners who have lost their jobs."

Look folks this is not going to end very well anyway, but you better get your State out of this mess as soon as possible. Why even pay your mortgage? I really can't think of a reason to keep paying on an upside down mortgage.

State citizens need to take back their State governments and repeal all the Federal agreements with the Federal government. You and your State government are really partners in this mess with the Federal government.

TeaBaggers All Heart, Absolutely No Brains

Why are the tea parties marching on DC all the time, the real problem is your State capital. I mean being on the Fox news with your protest looks cool and all but it isn't going to solve your problem going to DC.

The federal government is given permission by State law to operate Federal programs in the State. Why are you as a State citizen allowing this to happen?

Going to DC is not going to solve your problem. The solution can be found within your State.

Why Are Attorney Generals Suing The Federal Government Because of the Healthcare Law?

Why Are Attorney Generals Suing The Federal Government Because of the Healthcare Law?

http://www.businessweek.com/ap/financialnews/D9ELO7N00.htm

"Republican Wisconsin Attorney General J.B. Van Hollen on Thursday asked the Legislature and governor for permission to join other states challenging the constitutionality of the new health care reform law."

This is the most perplexing question yet. The States give the Federal government permission to come in and administrate huge programs then they complain about how it's done.

The solution is simple, your State is involved in a pyramid scheme, why would you allow the Federal government to come in and administrate a pyramid scheme that they will eventually send a Bill to the State for. The States are already getting Bills they will never be able to pay.

What is the solution?
Take back your State legislative branch, cancel all agreements with the Federal government. Last State to exit is the biggest loser. Pain is coming either way folks, you better wake up.

The Federal government is not paying all this, the State citizens are going to be paying for it, with permission from the State. It seems pretty idiotic to me to disagree with an agreement then sue someone over an agreement I can cancel at any time.

CANCEL THE AGREEMENTS! If you think the Federal government cares, they don't their objective is to grow via State agreements. They will squeeze until there is nothing left.

There Is No Out There Is Only In

"There is no out, there is only in"

Now this quote can't be closer to the Truth. What does that even mean? Well, in the current financial credit system, which is exactly like the system before it and the system before it. Once you create a system where people are lending and loaning at a rate of compounding interest (ie exponential growth) there is no turning back, once you have millions and billions involved in the act of pulling forward (or stealing from the future) you either supply the compounding equation or you fail to do so and the peak happens and the equation starts to consume the non-performing liabilities see time period of 1923-1945. There is no turning back once you start, once that decision is made, the only question is when, and how much you or your children are going to get screwed at the end of the line.

At this point, after the collapse happens you have choice. Do you teach your children the real reason why millions if not billions of people are wiped off the books?

Kohn: Research Needed on Combating Bubbles
http://abcnews.go.com/Business/wirestory?id=10194713&page=1

Donald Kohn said the worst crisis to hit the country since the 1930s points to the need for more research on how higher interest rates can be used to limit financial speculation. Kohn suggested that, and other "homework assignments," in remarks prepared for a lecture at Davidson College in North Carolina.

The guy has some serious misunderstandings as to how the global credit system functions. Once you go down the path of an exponential growth model to sustain your existence, there is no turning back. You have the required amount of gas flowing into the engine or you don't and the engine starts to die on you. The credit market is one big bubble and has been since the beginning, why else would you have credit if other then to borrow for the future what you can't afford today?

Once you attach compounding interest, and millions and billions do the same thing it's over... it just takes 60-80 years to see the results of your stupidity. There is no beating the equation, you either supply it what it needs or starts to consume the non-performing liabilities.

Let me see... raise short-term rates right now up to 10% and let me know how that works out you retard.

The image below shows what happens at the end of the cycle. The Fed had no ability to push rates higher, the system is coming to an end. Sure the Feds could have jacked up the FFR up to 10% and the mushroom cloud would have looked awesome.

State Elected Officials Are Idiots

California could take big hit from healthcare overhaul

http://articles.latimes.com/2010/mar/24/local/la-me-cap25-2010mar25

"States are in such deep financial straits that not only have we already made [Medicaid] cuts, but we're looking to make even deeper cuts," says Kim Belshe, secretary of the California Health and Human Services Agency.

"Now we're being asked to begin planning for the biggest implementation of a social program since Medicaid was created. . . . Medicaid is crumbling. It makes no sense to be building on a house that's falling apart. . .

Proof your State's elected officials and their stupid workers are only looking out for #1. The States are not being "asked" to do anything, the State's are agreeing to this BS then blaming the Federal government. No shit California is going to take a huge hit, it's going to keep on rolling in you idiots. Trying to hold up a pyramid is a futile attempt but it is fun to watch.

Of course Medicaid is crumbling, it was a tax with a so called promise of entitlement, now the pyramid schemes are crumbling because of basic Math. The question why is your State involved in pyramid schemes?

People in California better wake those people up at the Capital soon. You are already screwed, now it's only a matter of how screwed you are.

Plan to Save (Insert Your State Here)

1.) The State and State Citizens need to wake up and wake up soon.
2.) The State and State Citizens need to realize the the financial system is one big pyramid scheme and has been for 1000s of years. The use of exponential growth model to sustain your existence is not going to work past about 60-80 years.
3.) The State and State Citizens can't save the financial system as described above, it will ultimately collapse and there is nothing anyone can do to stop it.
4.) The State and State Citizens have to realize there is no Freedom, we all share a rock with other people so we are never truly Free, but we can maintain or in this case take back that amount of Freedom the Founders fought for.
5.) The State and State Citizens if they want to do the above should start canceling the agreements in place that allows the Federal government to reach into the State.
6.) The solution resides in your State capital .
7.) Why does (insert your State here) continue to supply dollars to DC into the massive pyramid schemes that have been constructed over the last 75 years?
8.) The State and State Citizens can't save the financial system, but you might be able to save yourself and your State.

http://www.reclaimmichigan.com/stateandfederalcontrol.html

Unfortunately, the State political class that sits under the State’s Capitol Dome has enacted States law, federally defined as the State Plan, which has empowered the reach of the Federal Government to move within the exterior boundaries of the State. What few Americans comprehend, is the constitutional fact that without the compliant hand of State law, the Federal reach of administrative agencies stops at the State’s exterior Border.

Why Do the Unfunded Liabilities need to be Liquidated

Why Do the Unfunded Liabilities need to be Liquidated?

After the peak the system must find a bottom, the problem is the system has to reach it's maximum descent. It's a wave or cycle.

You have more and more unfunded liabilities, who is going to fund them, how does it get funded. Are the unfunded liabilities going to be happy when someone doesn't fund them? I doubt it.

Once you get into a death spiral, that's it. In Europe in the 30s they were dumping grain out at sea to try and get prices up while people were starving onshore.

Now consider today where virtually 95% of all people walking around can't even fund their own water supply. The 30s were slow death, the world went into a depression in 1932-35 by 1937-1939 it was back in a depression. The world with the use of Hilter sped the process up from slow death over maybe 40-70 years to get down to about 20 years using blitzkrieg style of liquidation.

In the system that has been constructed, you hit your peak and collapse to the maximum bottom... a wave. There really are no slowdowns if you look at federal reserve Z1 report over the last 66+ years, not that I can find. You are either supplying and demanding what is needed for the equation to sustain itself or it begins to collapse. The only real slowdown I can see from the Z1 report is maybe a slowdown of one quarter in 2000. Now we are on the 3rd straight quarter of negative credit creation, and the only reason the system is even standing is Uncle Sam is trying to build a bridge across the gap... the thing is the gap will get wider and wider. Uncle Sam would have to have unlimited power to keep building the bridge.

It's misinformation that banks are not willing to lend, there just isn't even close to the amount and the amount of people willing to take on more at the 2007 rate, let alone more to keep the equation functioning which must be growing exponentially.

The price is always paid at the end, when a system based on credit no longer exists or in a form that is functional. The people that claim you can let some bad assets be marked down and then the system just keeps going is misinformation. If the credit market has peaked, that's it. If the credit market hasn't peaked then of course you can still write down large assets within the growing credit market.

Even after WWII the growth rate was actually kind of weak even with the large liquidation, but in the years that follow huge population growth helped since the people that were still around knew the fraud.

BofA to start reducing mortgage principal-sources - WHY IT WON'T HELP

http://www.reuters.com/article/idUSSGE62N02520100324

Bank of America will on Wednesday announce plans to start forgiving mortgage loan principal for troubled homeowners who owe more than 120 percent of their home's value or are battling ever-expanding "negative amortization" loans.

Now why won't this help?

Seems pretty simple to me, it doesn't address the fundamental issue with what we are witnessing.
Now what is that.
http://worlddarkestdays.blogspot.com/2010/03/why-is-financial-system-collapsing.html

The current financial system is based on exponential growth, no matter how many principle reductions you do someone has to take out an additional amounts of credit to service the present system which is $52.7T. What has to happen to get the system in a state to grow again is two things 1.) Destruction and 2.) Time. To get to that point after the credit peak of 2007 the system will need to liquidate the non-performing. Way too many non-performing assets being held up.

They don't call it a death spiral for nothing folks. Hilter and Germany got feed up with the slow process 70 years ago. This process will take many decades to work through until we hit the bottom, we have barely started the descent.

At the present time, consumers would have to instantly take on additional $5T of new credit annually over the rate they were in Q4 2009 to have the system have any effect on what is going on. The federal government is the last player at the table.

The End to Healthcare Insurance

Expect huge health insurance coverage drops by employers by 2014. As I have pointed out the purpose of the Law is to bankrupt the health insurance companies and the States.

Why would an employer pay for health insurance?

Starting in 2014, the health insurance companies will not be able to refuse for "pre-existing" conditions. Why in the world would a company offer health insurance coverage? Instead of kicking out $10-25k a year in health benefits, just give the employee a $1-2k bonus for taking care of the penalty or increase your salary by a few percent. Instant savings. This would be good for companies that do not have many employees right now or self-employed.

In theory, everyone will have health insurance coverage even if they are not paying for it. You just sign up when get sick.

As far as medium and large companies, if you are not moving out of the US now you better get busy. Your bills are going to be going up drastically with no out clause. The ones remaining will have huge cost increases and as more and more leave the cost will increase that much more.

Exponential Growth the Two Edge Sword Monster

The hairless monkeys marvel at the use of the power of compounding interest. They say if you put your money in the bank or invest it you will be rich in 40 years. Well, that is partial true. If you put your money during the beginning or even the middle part of the 60+ year run between cycles you have a good chance of actually doing just that.... the marvel of exponential growth model.

There is only one problem with this, hairless monkeys have never charted nor tried to understand exponential growth. Now what happens if you have a system that only runs when you supply it exponential growth and you fail to supply the growth needed? In that case, the equation must feed on something, you created the monster now you must feed it something, but what does it feed on. The exponential growth model Monster then starts to look around and starts to consume the non-performing liabilities. What are the non-performing liabilities? Go look in a history book for the time period of 1923-1945, and the term World War II and Hilter. Without Hilter the world would have probably been in a death spiral for 60-80 years.

http://www.federalreserve.gov/releases/z1/Current/data.htm
The federal reserves Z1 report shows the death spiral you are already in.

The report will show you 3 straight quarters of negative credit creation, this has not happened for 70 years. What does that mean, it means it's over folks. You have pushed the equation to it's highest peak, now you must suffer the consequences for your actions.

Gap in health care law's protection for children

Gap in health care law's protection for children
http://www.google.com/hostednews/ap/article/ALeqM5jYnajhWrPEXihcCrpRNfUKN7rN-AD9EKO82G2

Obama's public statements conveyed the impression that the new protections for kids were sweeping and straightforward.

This is actually a good thing, but since the purpose of the Bill is to kill the health insurance companies they will do what they can to change it. So my previous post was only part right. The intention is for all children to be covered any time they need to be but that is not how it is in the Bill. The question is, how can they close a gap in regulation that is not specified by statute? The agency is responsible for filling in gaps with the intent of the statute, the agency can't make law.

Wait and see on you taking your children off your health insurance plan.

There is no denying the Bill is intended to bankrupt the insurance companies and the States to where there is only one to provide for you and your family.

The only way this is going to change is the States to get out of the pyramid scheme. You can't squeeze blood from a turnip.

Drop Coverage on Children Right Now

The purpose of the Health Care Reform is to produce chaos, at the health insurance level and the State level.

For you guys getting health insurance notices today and in the days to come (yes they are sending them out already), I have a suggestion. Drop all children from your plan under the age of 18. If your children get sick, the health insurance companies will have to pick them up later. No reason to cover for children anymore unless they have major sickness.

The plan is to bankrupt the health insurance companies to where there is only one provider, the other plan is to dismantle the country by bankrupting the States.

The States need to wake up right now. The plan is one United STATE, not the one United States.

Arizona Kills SCHIP program

Arizona Kills SCHIP, Puts Medicaid on a Diet

1) States pull out, and coverage drops

2) States don't pull out, and they go bankrupt.

The Bill is intended to stuff the States and Insurance companies with more obligations. A few problems with that, the States are already toast and the insurance companies will just fold up shop.

SS, Medicare, Mediaid, etc. are all ponzi schemes folks. You need to get off the Federal government ponzi scheme. How do you do that, cancel the agreements with the federal government and get them out of your lives.

If you fail to do that quickly your State will go down the hole. I assure you the Federal government will come in but not without strings.

Healthcare Bill Is Intended to BK the States

Healthcare Bill Is Intended to bankrupt the States. You don't believe me, ok good luck. The States better wake up really fast because the clock is ticking. Unfortunately your State's elected officials have been responsible for this mess over the last 100 years. You either fix it soon or it will be too late.

The Bill is also intended to bankrupt every health insurance company. Let me see, why in the world would I buy health insurance unless I was sick under this plan? I would just buy it when I am sick. The mandate is clearly unconstitutional but even if it were it's cheaper for most to take the penalty.

Article.

Under the new health care system, Abbott says, the State of Texas alone would be burdened with about $20,000,000,000 in additional Medicaid costs over a 10-year period.

"By forcing Texans to spend $20,000,000,000 more in its Medicaid-based programs and in these healthcare based programs, it means either 'A' we're not going to be able to take care of other aspects of public safety, education, issues that are critically important to our fellow Texans or 'B' we're not going to be able to fulfill the goals and the mandates established by the federal government," said Abbott.

Why is the financial system collapsing?

Why is the financial system collapsing?

Because exponential growth is the basis of the system. Exponential growth looks like the chart above which is unsustainable by humans for more than about 60-80 years. Currently the world is on a 60-year cycle. Life is a series of cycles.

Billions of humans over 60+ years of lending to each other, one problem, humans have to continue to supply and demand the exponential growth or you start to collapse. That's it, that is why, the rest is just smoke and mirrors.

What you are watching now is all the hairless monkeys point their fingers at one another saying they caused the mess, no they didn't, all the hairless monkeys caused what is about to occur.

Excellent Radio Show on State Rights

http://www.reclaimmichigan.com/commonsenseradio.html

A great web site and radio show about reclaiming State Rights. Your individual Rights do not come from the State or the Federal government those are civil rights that can be controlled or changed or even eliminated. We all need to reclaim our God given Rights.

What is the Healthcare Bill about?

What is the Healthcare Bill about?

Control. There is no other reason for this Bill. The reason for the Bill is to eliminate competition for the Federal government. The Bill that has been pass will have two effects, 1.) bankrupt every health insurance company that exists or they voluntarily leave knowing they are going to go belly up 2.) eliminate the States by forcing more unfunded liabilities down their throat to where the States go belly up as well.

What can you do at the State level?

Eliminate the State's plans that work under Federal government programs. Eliminate all agreements with the Federal government.

What does this entail?

Taking back your State's legislative branch so that your State is not merely a name in the history books.

Why?

Why did I create this blog?

Over the years I have seen the Federal government intrude into the lives of States and their citizens more and more. Although the Federal government is to blame for this, a large responsibility for this is due to the State citizens not holding their State legislative bodies to their mandates. The Federal government intrudes mostly from the approval of your State government. For instance, the wage tax as instituted by your State's legislators for instance see Michigan Public Law.

Public Act 1 of 1936 (Ex Session)
http://www.legislature.mi.gov/%28S%28b23yrufibtoga555sm4phzeq%29%29/mileg.aspx?page=getobject&objectname=mcl-Act-1-of-1936-Ex-Sess-&query=on&highlight=Social%20AND%20Security

Public Act 280 of 1939
http://www.legislature.mi.gov/%28S%28kxylyv55cmg1v045rln2xx45%29%29/mileg.aspx?page=getobject&objectname=mcl-Act-280-of-1939&query=on&highlight=Social%20AND%20Security

Every State has enacted the same acts.


Another reason I started this blog was to show the complete stupidity of humans instituting a financial system based on exponential growth ie compounding interest on our medium of exchange.

Finally, this blog is to remind us that WE are responsible for allowing this to happen. WE let it happen.

Feel free to comment, I will try to post as often as possible.