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Fed Hints At Reason For QE5: Obamacare

Tyler Durden's picture


While excess risk-taking and broken markets likely dominate their thinking, the 'real economic recovery' meme the Fed is using to enable them to 'taper' their excesses. However, investors remain assured that if things get worse once again then the Fed will crank the presses and save the assets. It seems they have found their new excuse - no matter what...


So, despite admitting asset-bubbles, fears over stock-multiples and excessively easy lending; the Fed will launch QE5 when Obamacare drags the US economy into trouble...


But - that's not what Obama said!


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Fri, 01/10/2014 - 13:35 | 4320028 Grande Tetons
Grande Tetons's picture

Long promise zones. 

Fri, 01/10/2014 - 13:46 | 4320088 max2205
max2205's picture

I am sorry but is the Fed in charge of fiscal policy now

Fri, 01/10/2014 - 13:49 | 4320101 HoofHearted
HoofHearted's picture

Why in the hell is the Fed even considering this? Where is it in their mandate to consider "dumb ass mistakes the executive banch made"?

Fri, 01/10/2014 - 13:52 | 4320116 SAT 800
SAT 800's picture

It's not a mistake. It's a deal. The insurance industry was instrumental in funding the Obamanation publicity blitz and he came through by selling the American public to the insurance industry. that's all Obamacare amounts too; that and nothing else.

Fri, 01/10/2014 - 13:56 | 4320136 KickIce
KickIce's picture

Dear Leader's crown jewel will not be allowed to fail.

Fri, 01/10/2014 - 14:02 | 4320182 Grande Tetons
Grande Tetons's picture

Nixon was actually pimped the idea that we are seeing today. It is all about evolution and the fact that Obama is just the current whore in the house.

Fri, 01/10/2014 - 14:21 | 4320269 SafelyGraze
SafelyGraze's picture

OT -

why can't the topus nominate someone to the board who grew up in a communist regime and is a member of the cfr

someone who wrote:

"many allege multinationals are 'exporting' US jobs when they expand operations abroad. .. but substitution between labor employed byt parents [parent companies] in the US and affiliates abroad [the offshore arms] is low."


Fri, 01/10/2014 - 14:28 | 4320309 SafelyGraze
Fri, 01/10/2014 - 14:34 | 4320342 FL_Conservative
FL_Conservative's picture



"Why in the hell is the Fed even considering this? Where is it in their mandate to consider "dumb ass mistakes the executive banch made"?"


The Fed's mandate comes from those who the Fed was set up to serve.

Fri, 01/10/2014 - 14:38 | 4320356 0b1knob
0b1knob's picture

Lacker?  That's his name?  

Appropriate in so many ways....

Fri, 01/10/2014 - 16:03 | 4320684 Popo
Popo's picture

Well now they really are admitting QE infinity.

If anything (no matter what, apparently) negatively impacts the economy... They'll QE.

Given that ceasing QE itself would negatively impact the economy, it's abundantly clear that they will never, and can never stop.

Nice job, assholes. You've walked straight in to the most obvious type of central banking failure.

Fri, 01/10/2014 - 14:54 | 4320431 MarsInScorpio
MarsInScorpio's picture




Fri, 01/10/2014 - 15:03 | 4320460 Keyser
Keyser's picture

It's not a mistake. It's a deal. The insurance industry was instrumental in funding the Obamanation publicity blitz and he came through by selling the American public to the insurance industry. that's all Obamacare amounts too; that and nothing else.

It's built into the ACA legislation that the insurance companies are protected from any losses related to ACA implementation for 3 full years from the rollout date. So yeah, the providers will be getting a bailout later in 2014... This is estimated to be in the billions of $$$... 

Fuck you Obama and Yellen...


Fri, 01/10/2014 - 15:19 | 4320519 onewayticket2
onewayticket2's picture

i wonder if it'll happen right before the elections...

Fri, 01/10/2014 - 15:39 | 4320601 Canadian Dirtlump
Canadian Dirtlump's picture

Indeed. I'm no sage by any means but I am surprised that more people didn't realize that these criminals had all their bases covered.  People talked about QE getting slashed because the deficit was going down so there would be less of a need to fill the revenue gap in. When this ends up blowing the lid off costs the insurance companies will be perpetually bailed out, as was always the case as they wrote this. When the revenue gap explodes, the lender of last resort will be there with bells on to liquify the spender of last resort.

Fri, 01/10/2014 - 15:43 | 4320606 NihilistZero
NihilistZero's picture

Well the FED has to have some type of debt to buy right?  Those Treasuries must be spent on something... 

So as I see it:

Obamacare breaks the Health Insurance Industry then treasury bills are issued to pay for the breakage.  Said breakage leads to Single Payer then treasury bills are issued to pay for single payer. 

Looks like they have the next boom/bust planned out nicely.  At least that will get them out of residential RE for a few years so I can buy a fucking house at a sane price...

Fri, 01/10/2014 - 16:31 | 4320766 Canadian Dirtlump
Canadian Dirtlump's picture

until they buy all the MBSs at 100 cents on the dollar from the banks, they will have to keep doing that. I don't know how much student debt is held at banks, but that has to be looked at as well.


So you have them cleaning up the balance sheets of banks on one end, and filling in the funding gap for the govt on the other... I guess.

Fri, 01/10/2014 - 15:49 | 4320647 SAT 800
SAT 800's picture

Of course. I'm very concerned ACA will turn out to be the final nail in the coffin of what was once the most productive nation on earth; now merely "Food" for the finance vultures.

Sat, 01/11/2014 - 00:41 | 4322018 holdbuysell
holdbuysell's picture

"Dear Leader's crown jewel will not be allowed to fail."

I'm concerned that should it succeed that it would actually fail in this admin's eyes.

Seems there's something else to this plan, starting with strange vertigo-inducing questions on the questionnaire when you visit the doctor.

Seems it's a Trojan Horse for something else and I don't think Single Payer is it.

Seems something along failure is what's intended.

Fri, 01/10/2014 - 14:57 | 4320444 aVileRat
aVileRat's picture

Yup. Not rocket science.

Way it works: People take out policies, policy cash is then arbed into the market by your insurance co. That cash then feeds the multiplier effect. Monetization of health risk is just another form of forcing savings into the markets, similar to the securitization of housing assets led to the rally of 1987-2007.

1 small problem: they waited too late to arb a mandatory policy for the wealthiest nation on the planet. The demographic hump is now passing into their late phase consumption patterns, and this will not only increase the cost burden on AHA but also will limit the growth stories the market is willing to chase going forward without QE due to the huge disconnect between those liabilities vs. growth ROE risk premium's. Therefore, the market pump QE will be necessary to entice and offset the true risk premium for all this fresh CMB money dropping into the market. This means that the AHA stimulated social policy is going to be less effective then when Clinton launched the monetization of home equity.

What does this mean ? Because no insureco's will be able to 'reach for the yield' they need, cost burdens will go up to offset the hole. Since healthcare is mandatory, the product will become a giffen good. ie. any amout of premium +% will be paid with a smile. This will only compound the headwinds on markets as both consumers and employers must manage these burdens.


Fri, 01/10/2014 - 21:32 | 4321541 eimcmullin
eimcmullin's picture

SAT 800 is right. The Government and the insurance industry have been working together since Nixon signed the Health Maintenance Organization Act of 1973. Been watching the decline in health care, as a nurse and consumer, since 1975. It's a great example of one hand washing the other.

The government has been using insurance companies to administer Medicaid and Medicare for years now. 

Oh and all the info being collected electronically (EHR) is sent to the Centers for Medicare and Medicaid - even if you have private insurance. You are not told this (specifically, but if you are given a privacy statement it's covered by a sentence or two that states your info is private but will be given to the goevernment...) It's called Meaningful Use. All your data is being collected by your doctor and sent to the government ...and has been since you first saw a tablet or laptop being used in your doc's office.

There is a penalty if docs/hosps don't comply - Medicare payments, already paltry are reduced further. 

The government has been increasingly controlling health care for years through insurance companies.




Fri, 01/10/2014 - 13:53 | 4320118 Grande Tetons
Grande Tetons's picture

The ACA was not a mistake. It is just another set of handcuffs thrown on by a stupid beat cop. 

Fri, 01/10/2014 - 14:17 | 4320255 Sofa King Confused
Sofa King Confused's picture

Check out this United States Code......... 42 USC 18115....

Fri, 01/10/2014 - 14:24 | 4320285 El Vaquero
El Vaquero's picture

Notice that it only exempts health insurers from penalties and fees for not participating, not individuals and other businesses. 


No individual, company, business, nonprofit entity, or health insurance issuer offering group or individual health insurance coverage shall be required to participate in any Federal health insurance program created under this Act (or any amendments made by this Act), or in any Federal health insurance program expanded by this Act (or any such amendments), and there shall be no penalty or fine imposed upon any such issuer for choosing not to participate in such programs.

Fri, 01/10/2014 - 14:38 | 4320354 walküre
walküre's picture

Obamacare will be the Soviet style gulag care that everyone feared is the worst nightmare ever.

Health insurers will break up their companies in a basic gulag style coverage and platinum Bentley driver coverage for the cream of the elite. That or they will refuse to participate alltogether and the gulag American is forced into a basic gulag style coverage from a shitty insurer.

1% - Bentley

99% - Gulag

Forward Amerikan Soviet

Fri, 01/10/2014 - 15:58 | 4320679 Miffed Microbio...
Miffed Microbiologist's picture

The worst part for the 99% is that they are terribly unhealthy. We are being swamped by influenza and the demographics are just astounding. Flu used to be the scourge of the elderly. Not any more. Now we see 20-40 year olds often in ICU on ventilators. Had one 35 year old come in today with a 650 glucose and a BMI of 54. The best healthcare in the world cannot deal with this forever. This country is dying before my very eyes and it's maddening to know you can do nothing to stop it.


Fri, 01/10/2014 - 16:01 | 4320693 walküre
walküre's picture

A woman in Canada died from H5N1. She came back from China and allegedly had no contact to either markets or poultry farms. Now WHO is scrambling to find out if she contracted H5N1 from another human.

H5N1 = bird flu is not supposed to get passed between humans

Chinese are lying about H5N1 cases.

Flu will eventually kill many of us.

Fri, 01/10/2014 - 16:04 | 4320696 Grande Tetons
Grande Tetons's picture

MiffedMicro, No sarc. 

Any street level thoughts on causation or correlation as to what you are seeing.?

Sat, 01/11/2014 - 18:08 | 4323499 Miffed Microbio...
Miffed Microbiologist's picture

What I see is a dramatic increase of young (20-40) people having serious complications from flu. Especially in the last 5-10 years. This is, of course, not scientific but the trend is there. What I do notice is these young people always have some chronic condition that causes them to be unhealthy in the first place. Diabetes and asthma is the most common and there is an epic amount of this in this country. I contracted 2009H1N1 when it first came out ( being close to Mexico, San Diego had quite a few cases early on in that pandemic). Yes, I was very sick for about three days, my fever hit 104. My husband was quite thrilled I had given it to him as well and claimed it was the worst flu of his life. The flu this year appears to be a variant of that strain which, I am hopeful I have some protective immunity. If one had simply gotten the flue shot, they would have basically have NO immunity because the shot has only efficacy ( even that is debatable) for the current season. Win win for flu manufacturers who will see a constant revenue stream.

Flu has been around forever. It will never go away. The best way to deal with it is to be very healthy and GET the flu. This will confer great immunity that will last 10-20 years for that strain and ones like it. Yes, a novel strain that has NEVER been seen in a population has the potential for massive deaths like 1917. However, deaths in that era were primarily due to complications, not the flu itself. I believe what I am seeing now is the results of a very unhealthy population meeting an unusually harsh flu that years ago would never be so detrimental.


Fri, 01/10/2014 - 14:37 | 4320352 Billy Sol Estes
Billy Sol Estes's picture

Long UNH?

Fri, 01/10/2014 - 14:52 | 4320424 Henry Chinaski
Henry Chinaski's picture

ACA = Lane closures on the heathcare system bridge.

Fri, 01/10/2014 - 14:46 | 4320394 trader1
trader1's picture


this was all planned methodically, no?

Fri, 01/10/2014 - 15:27 | 4320553 Kirk2NCC1701
Kirk2NCC1701's picture

Why are you so surprised?  "Taper" works both ways, depending on direction.

Any BM (Bowel Movement) has both:  Alternating increases and decreases in 'taper'.

Fri, 01/10/2014 - 15:38 | 4320594 Crash Overide
Crash Overide's picture

What the fuck do we need the FED for when we have a Treasury to print interest free money?

This is stupid, and what's even more stupid is we tolerate it.

Fri, 01/10/2014 - 13:58 | 4320156 Anglo Hondo
Anglo Hondo's picture

The Fed is in charge of all policy now.  It's obvious that the do-nothing congress critters have no clue what policy even is. 


And as for Obama, he is there just to read the teleprompter.  God only know what the SCOTUS does any more.


That just leaves the fourth section of this representational republic, The Federal Reserve of the United States, now knoen as FROTUS.

Fri, 01/10/2014 - 15:08 | 4320423 Colonel Klink
Colonel Klink's picture

I like FRODO, Federal reserve of da oligarchy.

They have all the rings now!

Fri, 01/10/2014 - 14:06 | 4320198 Hughing
Hughing's picture

Spend and print is the governing policy. The fed is merely a tool.

Fri, 01/10/2014 - 14:30 | 4320322 101 years and c...
101 years and counting's picture

instead of raising/lowering rates, the fed is now stuck with 0% rates and increasing/decreasing its printing is the new way to "manage the economy".  we'll drop into recession, and the fed will increase its printing.  same as it ever was, except with a ton more debt and no actual growth.

Fri, 01/10/2014 - 16:15 | 4320727 PGR88
PGR88's picture

The Fed in the US Government now

Fri, 01/10/2014 - 14:35 | 4320344 Jannn
Jannn's picture

Dutch Central Bank Tight-lipped About Gold Policy

Fri, 01/10/2014 - 14:50 | 4320414 doctor10
doctor10's picture

Hmmm-looks like QE5,6,7,and 8 will all go to the Insurance Companies-gues its time for them to get "theirs" from us now


Kapich peassant?

Fri, 01/10/2014 - 16:45 | 4320823 Blues Traveler
Blues Traveler's picture

Exact.  If they do not repeal ExhortionCare, it will get worse. Then the lingering threat of the immigration bill.   

The perfect storm, err shit storm for the people who work and have dreams plust further isolate the micro-credit communities/demogrpahic.

Fri, 01/10/2014 - 13:35 | 4320029 stinkhammer
stinkhammer's picture

end the fed

Fri, 01/10/2014 - 13:49 | 4320102 machineh
machineh's picture

The American idiot Greenspan fancied himself somewhat of an expert on energy policy.

Now the new generation of Fed central planners imagine themselves to be health care experts.

These people are PhD morons who need a week of training to clip their own toenails.

Fri, 01/10/2014 - 16:55 | 4320854 walküre
walküre's picture

My comment regarding Grünspan got censored. Doesn't change the fact about what this man is or what his motivations were.

Not surprised at all to see the censorship. I know who is in charge and who defines what PC is.

The agenda of PC is to make people accept that up is down, low is high and wrong is right.

It is working as we can see all around. My livestock has more common sense than many people out there. Common sense was educated out of the people for a reason. The scam can go on longer when people are stupid and fall over their own two feet because they want to go forward but their feet tell them to go back.

Those who upvoted the original comment understand as well.

Fri, 01/10/2014 - 14:32 | 4320325 fonestar
fonestar's picture

"end the fed"

Should read, "end the dollar"

I happen to know a Japanese cryptographer who is working on that.

Fri, 01/10/2014 - 14:59 | 4320454 jcaz
jcaz's picture

Just when it didn't seem possible you could be a bigger doosh....

Go back to counting your 3 coins, sparky-  you lost count again.....

Fri, 01/10/2014 - 17:41 | 4320635 Deacon Frost
Deacon Frost's picture

Had to give you an 'up' jcaz, spot on, more of these troll types showing up.

Fri, 01/10/2014 - 15:53 | 4320665 SAT 800
SAT 800's picture

Please don't waste your valuable time talking to us; just network up with your Japanese buddy there, and you can post a victory anouncement when you're done.

Fri, 01/10/2014 - 16:32 | 4320774 Sudden Debt
Sudden Debt's picture

blind trust into "some guy"....

yeah... way to go....

Fri, 01/10/2014 - 13:37 | 4320033 disabledvet
disabledvet's picture


Fri, 01/10/2014 - 13:37 | 4320034 gdiamond22
gdiamond22's picture

Dow 30,000! (which means labor participation rate at 200 million if the correlation stays true)

Fri, 01/10/2014 - 15:01 | 4320464 walküre
walküre's picture

NON participation rate of 200 million

Fri, 01/10/2014 - 13:37 | 4320037 Richard Chesler
Richard Chesler's picture

Reverse Robin Hood Obozocare, steal from the poor and give to their criminal bankster friends. Forwoard!

Fri, 01/10/2014 - 13:53 | 4320124 GeezerGeek
GeezerGeek's picture

If Obozocare truly is the reason, the giving will be to the health insurance company criminals. Unless, of course, it happens after Obama nationalizes the whole healthcare industry, in which case it is a moot point.

Fri, 01/10/2014 - 19:20 | 4321194 nc551
nc551's picture

We always hear the 'steal from the rich and gave to the poor'  but didn't he just steal the money that was collected at swordpoint from the people in the name of 'taxes' and give it back to them?

Fri, 01/10/2014 - 13:37 | 4320039 mayhem_korner
mayhem_korner's picture



Kocherlakota has been unleashed to beat the moar drum...

One last time...the Fed CANNOT end QE.  Questions?

Fri, 01/10/2014 - 13:38 | 4320047 fijisailor
fijisailor's picture

Yes.  When does hyperinflation show up?

Fri, 01/10/2014 - 13:48 | 4320095 mayhem_korner
mayhem_korner's picture



Right after the government confiscates your gold.

Fri, 01/10/2014 - 14:02 | 4320183 SAT 800
SAT 800's picture

Good reason to own Silver in a foreign depository instead.

Fri, 01/10/2014 - 14:26 | 4320300 Blano
Blano's picture

Ok, so what happens if you can't get to it when either the foreign country or the US and A closes their borders?

Not trying to be sarcastic, that's an honest question.  Do you still "own" it at that point?

Fri, 01/10/2014 - 15:55 | 4320671 SAT 800
SAT 800's picture

You don't "get to it"; the company transmits the currency to whatever country you're residing in in whatever currency is convenient for you.

Fri, 01/10/2014 - 16:17 | 4320734 Blano
Blano's picture

So ultimately you're talking paper?  I was talking physical.

Fri, 01/10/2014 - 17:33 | 4320969 Deacon Frost
Deacon Frost's picture

The Russians during the Soviet era, in dealing with the confiscatory policies, would cast the gold or silver into 'wedding rings', since these were exempt. It’s just that they might have hundreds of rings.

Fri, 01/10/2014 - 15:08 | 4320488 Keyser
Keyser's picture

Or keep your gold right next to your silver in that foreign depository. Of course, I wouldn't know since that boating accident. 


Fri, 01/10/2014 - 14:13 | 4320239 fijisailor
fijisailor's picture

Sorry.  Lost it all in a helocopter accident.

Fri, 01/10/2014 - 13:51 | 4320111 Winston Churchill
Winston Churchill's picture

This year after the USD collapses.

This Fed talk is exactly whats going to cause the run.

Last chance to get out.

Fri, 01/10/2014 - 13:53 | 4320122 El Vaquero
El Vaquero's picture

When revenues from all of the shit paper that the Fed has hoovered up is less than the Fed's operating expenses plus IOER is where I'd place the upper bound, but it could simply be not to long after some announcement that the Fed is going to print $125Bn/mo or something like that.  Or, it could be after China says "Oh, so sorry, US, but we are no longer going to roll over the portion of your debt that we hold."  I'd really like to see the maturity profile of the US debt that China holds. 

Fri, 01/10/2014 - 14:29 | 4320316 youngman
youngman's picture

Remember they are a primary dealer...

Fri, 01/10/2014 - 14:56 | 4320442 fijisailor
fijisailor's picture

Wait a minute.  Are you suggesting that the FED has to balance their books?  I thought that revenues from shit paper made absolutely no difference.

Fri, 01/10/2014 - 18:29 | 4321081 El Vaquero
El Vaquero's picture

I'm suggesting that they'll eventually reach a point where they have to either say "Fuck it!  We give up!" or they'll have to continue to print more money just so that they can continue to print even more money.  

Fri, 01/10/2014 - 15:14 | 4320505 negative rates
negative rates's picture

They have been reducing it for a year now, hop on board matie!

Fri, 01/10/2014 - 15:50 | 4320654 NotApplicable
NotApplicable's picture

Hyperinflation shows up the instant anyone refuses to accept dollars in exchange for goods and services.

Until then? The beatings will continue.

Fri, 01/10/2014 - 13:45 | 4320081 HamRove
HamRove's picture

And there's Yellen in just the right place to fill his....order.

Fri, 01/10/2014 - 13:37 | 4320041 Dr. Engali
Dr. Engali's picture

Now close your eyes , go to your special place, and tell yourself.......Zero care has no negative impact on the economy...... Zero care has no negative impact on the economy.

Fri, 01/10/2014 - 14:27 | 4320305 Blano
Blano's picture

Make sure you click your heels too.

Fri, 01/10/2014 - 15:51 | 4320657 NotApplicable
NotApplicable's picture

So... exactly what is this "economy" of which you speak?

Fri, 01/10/2014 - 13:37 | 4320042 fijisailor
fijisailor's picture

Where did QE4 all go or in other words how does qe4eva morph into QE5?

Fri, 01/10/2014 - 13:42 | 4320071 mayhem_korner
mayhem_korner's picture



Same way in the Boston area that Route 128 morphs into I-95.  It just does.

Fri, 01/10/2014 - 14:51 | 4320417 NoDebt
NoDebt's picture

Or I-95 North turns into I-295 South in New Jersey around Trenton (no joke)

You think you're headed one way, all of a sudden you're going the opposite way.

Very apropos when talking about the direction and number on the next round of QE, I think.

Fri, 01/10/2014 - 13:37 | 4320043 firstdivision
firstdivision's picture

Tiltle from the future:

Fed Hints At Reason For QE6: Banker Bonuses

Fri, 01/10/2014 - 14:09 | 4320216 philosophers bone
philosophers bone's picture

Fed Hints At Reason for QE 7:  FEMA Camp Construction Designated for ZHers

Fri, 01/10/2014 - 14:27 | 4320302 CrimsonAvenger
CrimsonAvenger's picture

Fed Hints At Reason for QE 8: Fuck You, That's Why

Fri, 01/10/2014 - 14:45 | 4320380 Billy Sol Estes
Billy Sol Estes's picture

Fed Hints At Reason for QE 9: Promise Zones expanded 100 miles inward from any US coastline.

Fri, 01/10/2014 - 15:22 | 4320535 ParkAveFlasher
ParkAveFlasher's picture

Fed Hints At Reason for QE 10: President Camacho decrees, must have more Brawndo.

Fri, 01/10/2014 - 13:38 | 4320045 Soul Glow
Soul Glow's picture

I think technically it is QE 11 but who's counting.

Fri, 01/10/2014 - 13:38 | 4320048 q99x2
q99x2's picture

I'm glad the economy is not in trouble at this time.

Fri, 01/10/2014 - 13:50 | 4320109 silvermail
silvermail's picture

I'm glad the only facade of economy is not in trouble at this time.

Fri, 01/10/2014 - 14:04 | 4320194 Quinvarius
Quinvarius's picture

When the facade gets in trouble, then we are really screwed. 

Fri, 01/10/2014 - 13:56 | 4320139 NIHILIST CIPHER

When the day comes they CAN'T continue to print, which choice will they take, war or deadly pandemic desease?

Fri, 01/10/2014 - 13:58 | 4320151 El Vaquero
El Vaquero's picture

They're central bankers.  Even if they can't print, they'll print.  When you're a hammer...

Fri, 01/10/2014 - 14:29 | 4320312 Blano
Blano's picture

They'll always be able to print, it just won't be worth anything.

Fri, 01/10/2014 - 16:06 | 4320708 Miffed Microbio...
Miffed Microbiologist's picture

I think pandemic disease. Notice how insistent they are you get a flu shot? Try working in a hospital and refuse to be jabbed. I go through more hell every year being the only one out of 65 people in my lab that declines. How easy it would be to add a little something extra to a shot pliant people line up in droves to receive?


Fri, 01/10/2014 - 13:39 | 4320050 halfawake
halfawake's picture

that's it i'm moving but to where?

Fri, 01/10/2014 - 13:55 | 4320134 SAT 800
SAT 800's picture

Uruguay. Spanish is not a difficult language; it's a very beautiful country with a rational government. Or New Zealand if you're rich.

Fri, 01/10/2014 - 16:33 | 4320776 halfawake
halfawake's picture

thanks SAT. will consider.

Fri, 01/10/2014 - 13:39 | 4320054 buzzsaw99
buzzsaw99's picture

the token non-joo speaketh

Fri, 01/10/2014 - 13:41 | 4320058 Hongcha
Hongcha's picture

Problem solved, like Magick.  Draw the blood out of small business and the employed population, then inject it back into the stock market, corporate officers and banks.  Remarkable beyond words!

Fri, 01/10/2014 - 13:43 | 4320074 JR
JR's picture

The U.S. Supreme Court swept Obamacare and mandatory socialism onto the American people (taking away health care while cancelling insurance policies and calling it a “tax”).

Big surprise! The tyranny that’s known as the Federal Reserve agrees. Socialism can proceed at a record clip to be financed by endless Federal Reserve note printing and transferring what is left of America’s earned value to the two economic sectors that keep the ball rolling: the non-producers who vote for the politicians and the bankers who run the world.

Too bad about America’s middle class and the American system of representative government.

Fri, 01/10/2014 - 14:48 | 4320406 trader1
trader1's picture

if you like your  American system of representative government, you can keep it.

Fri, 01/10/2014 - 14:56 | 4320439 WillyGroper
WillyGroper's picture

Oh, they'll get every last asset you own. 

Admitted to the hospital on medicare status "Under Observation"

Pay up sucker. Something tells me this will apply to ANY insurance & not just medicare.

FSA on SSDI automatically on medicaid, guess what you've just given your property to the state. 

Fri, 01/10/2014 - 14:21 | 4320082 BadDog
BadDog's picture

Bailouts for the insurance companies are a sure bet.  They wrote obamacare and made sure their asses were covered when it self destructed.

Fri, 01/10/2014 - 13:46 | 4320087 madbraz
madbraz's picture

And VIX down 4% on a day when payrolls are terrible, slammed down in the last 5 minutes.


There are no words to describe how utterly corrupt and manipulated this market is.  


It will end at some point.

Fri, 01/10/2014 - 13:47 | 4320091 unrulian
unrulian's picture

I never thought i'd be able to see a live train wreck in slow motion.

...are you watching?

Fri, 01/10/2014 - 13:47 | 4320092 greatbeard
greatbeard's picture

I tried to sign up for O care.  I mean, WTF, it's there, I have no income (almost) and no healthcare (almost), so I ought to check it out.

I couldn't work through the web site to see a quote so I called in.  I grossly overstated my income as $250 per month when it's actually $250 per year, adjusted. 

The cheapest plan they offered was $466 per month, almost double my reported income.  And I didn't qualify for a subsidy.  But the funny thing about it all was the helpful operator told me not to worry as the fine was fairly small.

If you're making $250 a month, any fine is large.

I'm not automatically anti any government program.  And I 100% support any viable alterntive to what we have as a health care system today.  But I've been opposed to O care from the get go and it's proven to be even a bigger cluster fuck than I'd imagined. 

Fri, 01/10/2014 - 13:57 | 4320147 maskone909
maskone909's picture

tax payers will pay more prosecuting those who can not pay the premiums than the cost of the actuall premiums.  what a fucking nightmare

Fri, 01/10/2014 - 14:05 | 4320195 SAT 800
SAT 800's picture

Imagine a government that stands ready to punish you for not paying money to a private company, which they know you cannot pay. Hitler would be proud.

Fri, 01/10/2014 - 14:14 | 4320246 maskone909
maskone909's picture


i would also like to remind all that the fed is a private company, and is the reason we pay income tax.

Fri, 01/10/2014 - 14:12 | 4320223 Grande Tetons
Grande Tetons's picture

The government is ramming their health care juice down the collective throat of America. They really do not care of it tastes bad or a few drops get spilled. 

The downside of a government cluster fuck is that nobody in the resposbiblty department gives a fuck. 

Fri, 01/10/2014 - 14:12 | 4320236 RaceToTheBottom
RaceToTheBottom's picture


"grossly overstated my income as $250 per month when it's actually $250 per year, adjusted. "

It would have been interesting to see if you qualified for a subsidy if you stated your accurate income.

Fri, 01/10/2014 - 14:48 | 4320409 greatbeard
greatbeard's picture

>> if you qualified for a subsidy if you stated your accurate income.

I'm pretty sure not.  IIRC, there is a minimum income you must make in order to get a subsidy.  BTW, I didn't intentionally inflate my income, that was an error on my reps part that I didn't catch until the end.  At that point I wasn't really intrested in a retry. 

Fri, 01/10/2014 - 13:48 | 4320097 starman
starman's picture


Fucking cartel!

Fri, 01/10/2014 - 13:52 | 4320117 machineh
machineh's picture

Ask your doctor about Obamacare to treat rectal leakage!

Fri, 01/10/2014 - 13:53 | 4320121 Major Major Major
Major Major Major's picture

Fed hints at reasons for QE5 while everyone with a brain sees no way out for the tricksters except QEiNFiNiTY

Fri, 01/10/2014 - 13:56 | 4320143 El Vaquero
El Vaquero's picture

I prefer to call it QEULTRA®

Fri, 01/10/2014 - 13:54 | 4320130 maskone909
maskone909's picture

this orwellian dystopia has now deemed the fed as synonymous with the economy.


Fri, 01/10/2014 - 13:55 | 4320133 Yen Cross
Yen Cross's picture

      Just repeal Obungacare you tool Lacker (Slacker)...You're a bumbling ass clown, engorged leech.

Fri, 01/10/2014 - 13:56 | 4320142 papaswamp
papaswamp's picture




Which policy model?

Fri, 01/10/2014 - 14:48 | 4320402 Billy Sol Estes
Billy Sol Estes's picture

All those ZimBobBucks I bought off of Provident would then be legal currency at home!

Fri, 01/10/2014 - 13:59 | 4320161 Freewheelin Franklin
Freewheelin Franklin's picture

You know what? Fuck it. The Fed should just draw 1,000,000 names at randon every week, and mail them a check for $5,000. That's $20 billion/month. They can cut that off of QE. 


What's the worse that could happen? All the price inflation that has been building up finally hits the fan? 

Fri, 01/10/2014 - 14:06 | 4320200 SAT 800
SAT 800's picture

Actually that's a pretty good idea; if they culled out the names of the financially secure for the raffle.

Fri, 01/10/2014 - 14:11 | 4320229 darteaus
darteaus's picture

How about 5,000 names and $1,000,000?

Fri, 01/10/2014 - 14:02 | 4320179 Quinvarius
Quinvarius's picture

How about QE5 is just the Fed buys us all health insurance instead of giving money to their buddies?  Lets stop this nonsense at the source.

Fri, 01/10/2014 - 14:51 | 4320418 Rearranging Dec...
Rearranging Deckchairs's picture

NO way the Fed will never bailout American Individuals that would be a Moral Hazard.  Instead Wall Street will probably collude with the Health Insurance companies and Hospitals and start some kind of collateralized Debt obligation derivatives on insurance premium receivables and hospital receivables.The Fed will ofcourse advocate against any regulation of said derivatives market and lobby Congress along with Wall Street to prevent the CFTC from having any regulatory authority.

When people stop paying their bills because they can't the fed will just jump in and bail out the TBTF banks and buy their worthless healthcare derivatives from them. That will be like QE7 after they have bought all the subprime car loans ( QE5) and defaulting student loans (QE6).




Fri, 01/10/2014 - 14:02 | 4320184 RaceToTheBottom
RaceToTheBottom's picture

What to expect as the US follows in the footsteps of Japan, Euro, and Venezuela.

Fri, 01/10/2014 - 14:02 | 4320185 denverdolomte
denverdolomte's picture

I am interested in hearing ZH'ers response to a question I have been asking my friends and colleagues regarding our economic demise ::


"What would you do to change our countries economic state regarding unemployment, GDP, MIC, NSA, and government expansion in the forms of 'socialized' reforms?"

But trying to think of this in realistic obtainable ideas. We all know ending the FED, MIC, and Wall Creeps would easily right our ships course, but finding a way to do that in our current system seems elusive. 


Sorry off topic, but interesting to me to say the least because I am to a point of no longer being able to idly sit by....

Fri, 01/10/2014 - 14:17 | 4320235 Quinvarius
Quinvarius's picture

Bump up the standard deduction on taxes to 50k.  Remove the interest on private mortgage debt.  Obviously undo Obamacare.  Enforce the Constitution to prove you are doing business in a nation of laws.  Bring back Glass Steagal.  Arrest anyone who lied to Congress or who was part of any financial fraud.

Fri, 01/10/2014 - 14:36 | 4320350 denverdolomte
denverdolomte's picture


Honest question about : "Arrest anyone who lied to Congress or who was part of any financial fraud."


Don't our military soldiers have the authority to complete such a task?


I mean :: "I, _____, do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same"

Fri, 01/10/2014 - 14:44 | 4320387 Quinvarius
Quinvarius's picture

I am not sure.  It would be better if the police just did it.  The responsibility is a little more clear cut.

Fri, 01/10/2014 - 15:32 | 4320569 CCanuck
CCanuck's picture


Small typo to correct, "Lay to rest anyone who lied to Congress..."


Fri, 01/10/2014 - 14:18 | 4320261 darteaus
darteaus's picture

1% Property tax on the value of all property.

10% Flat income tax - no deductions.

5% Sales tax on all retail sales - no exceptions.


Or some variation on rates therof.

Fri, 01/10/2014 - 14:20 | 4320266 El Vaquero
El Vaquero's picture

0% Property Tax

0% Income Tax

Fri, 01/10/2014 - 15:57 | 4320675 NotApplicable
NotApplicable's picture

Finally, a coherent voice.

Strange how even here, that many think paying tribute to the mafia is an acceptible social harmonizing strategy.

A century of government schooling is finally paying dividends, it appears.

Fri, 01/10/2014 - 14:19 | 4320263 El Vaquero
El Vaquero's picture

Withdraw from the system or become a burden to it.  It'll take care of itself, because you're not stopping this juggernaut until it trips itself up. 

Fri, 01/10/2014 - 14:28 | 4320308 denverdolomte
denverdolomte's picture

That's the type of response I have heard the most from; people that have lost their jobs, underemployed, and be decimated by all the current tax and regulations in place. These are all types of people as well and the great thing I've heard from my age group 30-40's is more and more people are waking up to this and that the age old red vs blue vs whatever is a farce to just take more from us. 


I think we are close to this juggernaut tripping itself up into a giant mess. 

Fri, 01/10/2014 - 14:11 | 4320227 darteaus
darteaus's picture

Once a government starts printing money they never stop.  That's the historical record with paper money, and human nature has not changed.

Fri, 01/10/2014 - 14:14 | 4320241 Rearranging Dec...
Rearranging Deckchairs's picture

With how disastrous Obummer Unaffordable Care Act rollout has been I am still waiting to findout that there is a mandate that the plans must buy personal marrital aids. Can you imagine that stimulus? Those Keynesians would love it!

Fri, 01/10/2014 - 14:14 | 4320244 zrussell
zrussell's picture

The healthcare branch of the government will dwarf the military in budget and expenditures.

This albatross was not intended to “fly” but to

 1. greatly expand the government

2. double the speed of the transfer of wealth thru taxes and QE “support”

3. bring the frustrated public to embrace the subsequent single payer socialized medicine with open arms.


The prez was the delivery vehicle for the payload- authored by the global banksters.

Fri, 01/10/2014 - 14:15 | 4320248 darteaus
darteaus's picture

Peak Fed yet?

Fri, 01/10/2014 - 14:16 | 4320252 Fix-ItSilly
Fix-ItSilly's picture

The Fed is about monetary policy - not economic, not political and surely not social policy.  Twenty years ago Lasker would have been called to the White House and taken to the woodshed.

Fri, 01/10/2014 - 14:36 | 4320349 Kelley
Kelley's picture

Little doubt it's true, but stinky no linky!


Who is Lacker? What is his source?



Fri, 01/10/2014 - 14:39 | 4320359 denverdolomte
denverdolomte's picture

President of the FED Reserve of Richmond, and been with the FED since 1989.


Fri, 01/10/2014 - 14:47 | 4320401 Kelley
Kelley's picture

Thanks. I've posted a link above.


It makes perfect sense that the Fed would do all it can to delay the deluge. Their goal is to have lots of wealth at least until they make it to the grave. Beyond that? eh

Fri, 01/10/2014 - 14:53 | 4320430 denverdolomte
denverdolomte's picture

Yup, the other problem with all this is that I'd confidently assume that 85% + don't have any clue how money is created in this system and that we are in a perpetual debt servitude unless we dismantle this cabal. 

Fri, 01/10/2014 - 14:44 | 4320386 Kelley
Kelley's picture

The edit button was not working so here is a link because I am a giver.;-),0,2078818.story

Fri, 01/10/2014 - 14:40 | 4320369 Rising Sun
Rising Sun's picture

Fuck you Yellen - fucking socialist cunt

Fri, 01/10/2014 - 14:47 | 4320398 fijisailor
fijisailor's picture

That's OK.  Go ahead and vent your rage on a useless stooge.

Fri, 01/10/2014 - 14:41 | 4320371 The worst trader
The worst trader's picture

So tired of all this BS, I miss the 90's

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