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Are You Infuriated Yet?

You should be. I certainly am...
Friday, October 20, 2017, 8:27 PM

Both the pension and health care crises are infuriating and self-inflicted wounds.

We could have avoided them by making wiser choices in the past. We didn't. We could limit their damage by making better choices today. We almost assuredly won't.

Anybody who studies the system and its math comes to the same conclusion: the corporations have all the power and they are misusing it for private gain.

An easy prediction to make is that this simmering anger of the populace is going to start boiling over more violently in the coming years. Welcome to the Age of Fury. » Read more

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Dreamstime

Mad As Hell

Why the public is so pissed off
Friday, January 13, 2017, 11:50 PM

A critical movement is arising at this time in history.

Each of us can assume a role to play in its formation and development, and therefore its eventual success or failure. It's my personal belief that we are past the time where we can avoid major disruption, so each of us must be personally prepared as best we can for upheaval, while also working towards building a new and better narrative to live by.

Do you have the courage to participate? » Read more

Insider

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Off The Cuff: Our Out-Of-Control Cost Of Living

Health insurance for Chris' family went up 61%(!) this year
Thursday, January 12, 2017, 10:14 PM

In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:

  • The Runaway Cost Of Health Care
    • The premium for Chris' family went up 61%(!) this year
  • A Failure Of Intelligence
    • The lack of substance underlying the latest smear campaign
  • Fake News
    • When everyone is covered in mud, whom can you trust?
  • What To Expect As The Presidential Torch Gets Passed
    • How Trump's strategy is likely to depart from Obama's

Well, there's a lot of red meat tossed around in this latest podcast. There's something in it for nearly everyone to find righteous outrage with.

It begins with Chris railing about the year-over-year 61% increase just slapped onto his family's basic insurance plan. The ACA has quickly turned into a racketeering operation in many states like Massachusetts, where Chris lives. Mish joins in on the harsh criticism of the current system:

For some instances of some people, forty percent of their income going to health insurance.

And then look at the millennials. I mean, they've just decided to opt out. And who can blame them? They're not making enough money, but they just decided well, I’d rather keep it all. And they’ve decided that they will just rather pay the penalty if they get caught. But if they get sick, then they’ll join on the spot and get coverage. That’s the game everyone's being forced to play.

And nowhere along the line, as we’ve discussed many times, is there any impetus to control costs. And not only are there not any controls, there was nothing written into the legislation. And meanwhile, they call it the "Affordable" Care Act. As with any act of government, it has the exact opposite effect of its title. 

From there, Chris and Mish tackle the recent intelligence debacle where our government and media are trumpeting "findings" that are backed by zero evidence and unverifiable innuendo. When all sides look incompetent, where do you turn for trustworthy information?

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today. » Read more

Podcast

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Dave Janda: Bad Medicine

A doctor's reasons for quitting the profession
Sunday, May 15, 2016, 2:57 PM

In our ongoing discussion of how our Health Care system (or more aptly-named "Sick Care" system) has been hijacked by those who profit most from it, we interview Dr. Dave Janda this week, who recently and very publicly announced he was walking away from his clinical practice in protest of how poorly the quality-to-cost ratio has dropped in his profession.

Dr. Janda's perspective is informed not just from his years as a practicing surgeon and researcher, but also through his involvement with health initiatives for the Reagan and Bush I administrations, as well as the National Institute of Health. His overall conclusion is that the health system now exists to serves its corporate and administrative owners, to the detriment of patients and practitioners. » Read more

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2013 Year in Review (Part 2)

Broken markets, too much debt, and less & less liberty
Friday, December 20, 2013, 1:26 PM

Part of David Collum's 2013 Year In Review » Read more

Daily Digest

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Daily Digest 6/16 - Nuclear Plants Closing Early, What Sweden Can Tell Us About Obamacare

Sunday, June 16, 2013, 10:21 AM
  • Even Pessimists Feel Optimistic About the American Economy
  • FX Rates Said to Face Global Regulation in Libor Review
  • Aetna Pulls Out Of California Individual Insurance Market In Response To Obamacare
  • Suddenly, Retiree Nest Eggs Look More Fragile
  • China’s Great Uprooting: Moving 250 Million Into Cities
  • What Sweden Can Tell Us About Obamacare
  • Nuclear Plants, Old and Uncompetitive, Are Closing Earlier Than Expected
  • Elon Musk Conceives New 'Hyperloop' Transportation System: Neither Plane, Train, Boat Nor Car. Is it ET3?
Insider

Off the Cuff: Red Sky at Morning

Investors take warning
Thursday, February 28, 2013, 6:28 PM

In this week's Off the Cuff podcast, Chris and Adam discuss:

  • Rough Seas Ahead
    • Chris issues a rare warning for a 40%+ correction in the stock market
  • Happy Sequester!
    • What will its impact be?
  • The Japan Mess
    • Looking more & more like it will be the first major country/currency to fail
  • The "Affordable" Care Act
    • A misnomer if there ever was one
  • The Barnburner at Rowe
    • This year's seminar is shaping up to be one for the ages
Podcast

Bob Fitzwilson: 2012 is the "Most Difficult Year Ever" for End-of-Year Financial Planning

Little time left to make big decisions
Saturday, December 8, 2012, 1:27 AM

"This is probably the most difficult end-of-year planning I have ever seen in my career"

~ veteran investment adviser Bob Fitzwilson

As the Fiscal Cliff looms ahead, as well as the implications of new legislation at both the Federal (e.g., "Obamacare") and state (e.g., California's Prop 30) levels, financial advisers are furiously working to calculate the impact these developments will have on their clients' net worth in 2013 and beyond.

Add to that the ugly macroeconomic environment of spiraling sovereign debts and deficits, currency devaluation, and underfunded entitlement programs. At this point, the prudent assumptions to make are that taxes will go higher over time, the money printing machines will run at maximum speed, and when the system really begins to collapse under its own unsustainability the rules will be changed. Perhaps that means capital controls; perhaps it means new restrictions on large asset pools like pension and retirement funds; perhaps it means wealth taxation. At this point, no one knows for sure.

No wonder this is such a difficult moment for end-of-year planning.

So, what to do? » Read more