Friday, March 27, 2009

The Struggle For Liberty Begins?

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As William Penn once said, "Men must be governed by God, or they will be ruled by tyrants." Such is the case particularly today.

All across the country a backlash against the encroachment of government on individual liberty is starting to take shape. Whether it be "tea parties", Glenn Beck's "We Surround Them" 9-12 Project or other such emergent protest gatherings, the conservative elements of America's 'silent majority' are starting to raise their voices and take action.

However, at this stage, 'The People' are wholly unaware of the mortal threats the free world is facing.

Are they up to the task?

Wednesday, March 25, 2009

The Crash Course

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I started researching the national debt after seeing Frontline's "Ten Trillion And Counting" program last night.

This led me to the following series of videos by Chris Martenson, dubbed "The Crash Course", that examines U.S. debt, resource constraints and the approaching radical adjustment in global standards of living:

(Or/also see a more current, abbreviated version of Chris Martenson's Crash Course that recently aired on PBS.)

This series is MUST VIEWING for all IMHO, especially in light of the Fed's open monetization of the national debt which began today.

Tuesday, March 17, 2009

Obama Plans to Charge Wounded War Heroes for Treatment

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Keep in mind that Obama was the first newly inaugurated U.S. president in history to snub the Salute to Heroes Inaugural Ball. He's also a Commander in Chief that likely never registered for the draft:

While Obama has clearly charmed the American people, his unpopularity with the troops has been visible:

This story will simply add to the strained relationship...

The American Legion Strongly Opposed to President's Plan to Charge Wounded Heroes for Treatment


Contact: Craig Roberts of The American Legion, +1-202-263-2982 Office, +1-202-406-0887 Cell

WASHINGTON, March 16 /PRNewswire-USNewswire/ -- The leader of the nation's largest veterans organization says he is "deeply disappointed and concerned" after a meeting with President Obama today to discuss a proposal to force private insurance companies to pay for the treatment of military veterans who have suffered service-connected disabilities and injuries. The Obama administration recently revealed a plan to require private insurance carriers to reimburse the Department of Veterans Affairs (VA) in such cases.

"It became apparent during our discussion today that the President intends to move forward with this unreasonable plan," said Commander David K. Rehbein of The American Legion. "He says he is looking to generate $540-million by this method, but refused to hear arguments about the moral and government-avowed obligations that would be compromised by it."

The Commander, clearly angered as he emerged from the session said, "This reimbursement plan would be inconsistent with the mandate ' to care for him who shall have borne the battle' given that the United States government sent members of the armed forces into harm's way, and not private insurance companies. I say again that The American Legion does not and will not support any plan that seeks to bill a veteran for treatment of a service connected disability at the very agency that was created to treat the unique need of America's veterans!"

Commander Rehbein was among a group of senior officials from veterans service organizations joining the President, White House Chief of Staff Rahm Emmanuel, Secretary of Veterans Affairs Eric Shinseki and Steven Kosiak, the overseer of defense spending at the Office of Management and Budget (OMB). The group's early afternoon conversation at The White House was precipitated by a letter of protest presented to the President earlier this month. The letter, co-signed by Commander Rehbein and the heads of ten colleague organizations, read, in part, " There is simply no logical explanation for billing a veteran's personal insurance for care that the VA has a responsibility to provide. While we understand the fiscal difficulties this country faces right now, placing the burden of those fiscal problems on the men and women who have already sacrificed a great deal for this country is unconscionable."

Commander Rehbein reiterated points made last week in testimony to both House and Senate Veterans' Affairs Committees. It was stated then that The American Legion believes that the reimbursement plan would be inconsistent with the mandate that VA treat service-connected injuries and disabilities given that the United States government sends members of the armed forces into harm's way, and not private insurance companies. The proposed requirement for these companies to reimburse the VA would not only be unfair, says the Legion, but would have an adverse impact on service-connected disabled veterans and their families. The Legion argues that, depending on the severity of the medical conditions involved, maximum insurance coverage limits could be reached through treatment of the veteran's condition alone. That would leave the rest of the family without health care benefits. The Legion also points out that many health insurance companies require deductibles to be paid before any benefits are covered. Additionally, the Legion is concerned that private insurance premiums would be elevated to cover service-connected disabled veterans and their families, especially if the veterans are self-employed or employed in small businesses unable to negotiate more favorable across-the-board insurance policy pricing. The American Legion also believes that some employers, especially small businesses, would be reluctant to hire veterans with service-connected disabilities due to the negative impact their employment might have on obtaining and financing company health care benefits.

"I got the distinct impression that the only hope of this plan not being enacted," said Commander Rehbein, "is for an alternative plan to be developed that would generate the desired $540-million in revenue. The American Legion has long advocated for Medicare reimbursement to VA for the treatment of veterans. This, we believe, would more easily meet the President's financial goal. We will present that idea in an anticipated conference call with White House Chief of Staff Rahm Emmanuel in the near future.

"I only hope the administration will really listen to us then. This matter has far more serious ramifications than the President is imagining," concluded the Commander.

SOURCE: The American Legion

Meanwhile, "The Give Act" is set to be approved by Congress today which will push for national service by Americans, especially youths. This legislation puts the finishing touches to Public Allies New Leadership for New Times which is modeled after Saul Alinsky's "Peoples Organizations" and operating under Michelle Obama with an alleged operating budget of more than $75-million a year. In other words, Congress is about to enact a bill that lays the groundwork for an American version of Soviet Komsomols (Communist Youth)...

Tuesday, March 10, 2009

Was that the bottom?

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The DJIA climbed nearly 380 points today. Was that the Primary-degree low, i.e., the first major low in the Grand Supercycle bear market?

Bob Prechter seems to think so:

Chris Carolan, an expert on the seasonality of Wall Street's mood swings that underly Elliott Wave price patterns, seems to concur with the notion that this is a major low. Carolan is looking for a multi-month rebound into mid-May from here based upon his "solunar model".
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