RANsquawk - Week Ahead - 11th November 2013

Comments

[nmewn]

We all know ObamaCare is legalized theft, so it was only a matter of time until they legalized bribery.

"…Generally, the law makes it a crime to pay or receive anything of value in return for the referral of patients or as an inducement for people to buy goods and services reimbursed by federal health care programs. Such programs are defined broadly as “any plan or program that provides health benefits, whether directly, through insurance, or otherwise, which is funded directly, in whole or in part, by the United States government.”

“The secretary’s decision will have some very significant consequences,” said D. McCarty Thornton, former chief counsel to the inspector general at the Health and Human Services Department. “The federal anti-kickback statute will, in most cases, not apply to subsidized health plans or the items and services furnished by those plans.”

http://www.againstcronycapitalism.org/2013/11/not-a-joke-the-new-york-times-reports-that-kickbacks-and-bribes-are-legal-now-in-obamacare/

The Secretary shall decide.

[World of Debt]

What a mess... It's OK though--see video below--JIM CRAMER'S STOCK PICKS will save us all.... ha ha:

https://www.youtube.com/watch?v=Lhwplunz7-I

[Confundido]

4am: Gold is smacked down as usual, but $1,280/oz holds, so a rapid small short covering ensues. 

Most likely they will try again - on no news, as usual- at 8:17am today.