Constitutional Deception

473
Thu, Jun 28, 2012 - 11:50am

Article 1. Section 7. Congress shall make any law it pleases, regardless of whether the citizens were lied to, deceived or otherwise misled into supporting its passage.

George and Obama debate health care taxes

The metals are, of course, up against it this morning. If you haven't yet read this (https://www.tfmetalsreport.com/blog/3940/lookout) or this ( https://www.tfmetalsreport.com/blog/3963/lookout-part-ii), please do so immediately. It is looking increasingly likely that the triple bottom in silver will soon fail. IF stops below 26.25 are tripped (maybe on The Globex this afternoon), silver may rapidly descend toward 25 and then continue, over the next couple of weeks, down toward 22 in a final washout move. Please be prepared for this and do not panic if it happens.

Gold is still in its 1530-1630 range but it is, of course, subject to a breakdown, too. Be vigilant.

Hang in there and don't be surprised by anything.

TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  473 Comments

pforth
Jun 28, 2012 - 1:53pm

Socialized health care...

As a Canadian who moved to the US for 3 years and had two daughters during that time I feel that I'm well qualified to compare and contrast the two health care systems.

When I was in the US I was working for a large firm and had the best health care plan that money could buy. When I compare the best case US private insurance scenario to Canadian "socialized" medicine, Canada wins hands down. Canadian socialized medicine is a zillion times better than living with the US system. And I'm saying this as someone who very much a libertarian in most other ways.

Let me tell you some reasons why it is better:

  • The US system stifles entrepreneuralism. People become chained to jobs they don't like in order to keep their healthcare instead of going out and innovating with new companies. For those who do make the jump, the cost of paying for private healthcare for a family can sometimes exceed rent or mortgage payments (Cobra cost me $1000/month 6 years ago). Even if you can afford this initially, the drain on resources can force you to abandon your new company if it takes too long to start up.
  • From a service point of view, it seemed pretty identical to me. Specialists and small surgeries took a couple of months to book in both countries. Canada wasn't faster, but it wasn't slower either.
  • The US system forces people without medical experience to make medical decisions based on purely financial reasons. My wife put off going to the doctor for 4 days because we didn't want to pay the co-pay. Turns out she had walking pneumonia. In Canada we would have never waited.
  • By delaying treatment for financial reasons, conditions can become much more serious and costly to treat.
  • On a per capita basis the Canadian system (and all the systems in Europe) cost significantly less than the US system.

Now don't get me wrong... I'm not really for Obamacare. It looks like it is mostly just a payout to the private companies that make the system so bad in the first place, that is not the same as a government run system. It is worse.

LOUP-GAROU
Jun 28, 2012 - 1:54pm

@ dag

so your saying the parasitic looters are not Americans? the looters are still Americans and anyway you look at at it foolbama is at the front of the class warfare!

Kcap
Jun 28, 2012 - 1:58pm

Its here.

This is the inflection point you will all remember, the month of July. Gold and silver won't see the July prices again for a decade or two. Close your eyes for this month. Unless of course, you have dry powder. In that case, celebrate.

See you in August, when the fun begins.

Kcap

pforth
Jun 28, 2012 - 1:59pm

There's an emotional aspect too...

There's an emotional aspect too that Americans will never understand. In the US no matter how good your plan you are never really 100% certain that it will actually cover what is wrong with you. You live with a sword a Damocles forever over your heads, knowing that if the wrong health condition happens to you or a loved one, your life savings can disappear in the blink of an eye. Canadian's have never had that negative conditioning and when exposed to it for the first time, it appears abhorrent to us (although not quite as abhorrent as the current price of silver).

Senseosensei
Jun 28, 2012 - 1:59pm

London olympics

I am listening to an item on the Alex Jones show where an English undercover journalist tells Alex that 100.000 UN troops are currently flown in to London.....Americans, Germans, others...

Apparently that journalist was able to interview an officer who stated that the troops were needed because we need to evacuate London during the olympics...not if, but when....

Un-be-lie-vable.............

HomerJ
Jun 28, 2012 - 2:02pm

Not bullshit Turd, just the

Not bullshit Turd, just the way it is.

Why be married to something when it is clearly abusing you?

bardian
Jun 28, 2012 - 2:02pm

@alphamorph, noverber 4, bilwilson

and others favoring government health care....

Health care is a scarce good just like anything else, governement intervention raises costs and consumers are priced out. Claiming Canada is better is saying you love your husband because he only beats you four times a week instead of five. Everyone should read these articles.

https://mises.org/daily/3737/Why-ObamaCare-Will-Fail-A-Reading-List

Secondly, givin the fed is "out of amo" according to the mainstream with banks hoarding cash, new money will now be filtered out to the people through government programs like Obamacare. This will release the cash flow of newly printed money and restart inflation. Health care costs are going to the moon now. I for one am happy about the decision for two reasons. One, its bullish for gold/silver, and two I'm a doctor and am about to get a big fat government check to buy silver with with all those mandated patients. The insurance companies and I will be laughing all the way to the bank. As far as quality patient care? Not in my hands.

tpbeta
Jun 28, 2012 - 2:03pm

$26.15

Well that's the low from last time. Could hold, maybe....

nah, me neither.

heyJoe HomerJ
Jun 28, 2012 - 2:03pm

HomerJ

BEER!

ivars
Jun 28, 2012 - 2:04pm

Not obvious silver should

Not obvious silver should move out of exponential channel far on the downside. That would be as exceptional as 2008 case, only supported by decrease of debt. And even then, 24 seem to be already too low. Based on history, break up may come quite soon.

Silver is sitting around lower part of the trend since 2008, long enough, time to move to the middle:)

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

Key Economic Events Week of 8/5

8/5 9:45 ET Markit services PMI
8/5 10:00 ET ISM services PMI
8/6 10:00 ET Job Openings
8/8 10:00 ET Wholesale Inventories
8/9 8:30 ET Producer Price Index

Key Economic Events Week of 7/29

7/30 8:30 ET Personal Inc/Spending & Core Inflation
7/30 10:00 ET Consumer Confidence
7/31 8:15 ET ADP employment
7/31 2:00 pm ET FOMC Fedlines
7/31 2:30 pm ET CGP presser
8/1 9:45 ET Markit Manu PMI
8/1 10:00 ET ISM Manu PMI
8/2 8:30 ET BLSBS
8/2 10:00 ET Factory Orders

Key Economic Events Week of 7/22

7/23 10:00 ET Existing home sales
7/23 10:00 ET Richmond Fed Manu Idx
7/24 9:45 ET flash Markit PMIs
7/25 8:00 ET Count Draghi/ECB policy meeting
7/25 8:30 ET Durable Goods
7/25 8:30 ET Wholesale Inventories
7/26 8:30 ET Q2 GDP first guess

Key Economic Events Week of 7/15

7/15 8:30 ET Empire State Fed Index
7/16 8:30 ET Retail Sales and Import Price Index
7/16 9:15 ET Cap Ute and Ind Prod
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts and Building Permits
7/18 8:30 ET Philly Fed
7/19 10:00 ET Consumer Sentiment

Recent Comments

by ratioarbitrage, 1 hour 39 min ago
by Blackwatersailor, 2 hours 34 min ago
by Clif, 2 hours 51 min ago
by brolgaboy, 4 hours 15 min ago
by Island Teal, 4 hours 22 min ago
by AngryCitizen, 4 hours 46 min ago

Forum Discussion

by NW VIEW, Sep 17, 2019 - 10:39pm
by Boggs, Sep 17, 2019 - 10:26pm
by NW VIEW, Sep 17, 2019 - 7:06pm
by Green Lantern, Sep 17, 2019 - 5:47pm
by HappyNow, Sep 17, 2019 - 1:09pm