81. The Fabulous Change -- More Job Losses Expected

As the clowns in the government continue to dream of their individual status and that of their parties, we try to sleep at night pondering their destruction. I thought about job losses last night. Especially next year when the government wants to begin collecting $6.7B from Health Industry entities on top of other specific surcharge taxes. ANY charges to health care providers and insurance companies will of course be passed on to We the People. It is given that costs are going up beyond the natural cost of health care until (if you believe them) the new services become available to us between 2013 and 2018. Well, that's not the only pain I see. How can an insurance company ever stay in business paying higher costs up front (portion of $6.7B+ between 2010-2013) and NOT collect additional revenue from the people who don't have insurance today? They can't without laying off people.

The last thing this country needs is more JOB LOSSES and a reduction in spending while the Fed sometime soon will have to combat inflation by increasing rates (you know the routine: print more money and create more debt to cover the cost of government spending which inflates the money supply, which devalues the dollar more, which to you and me means it takes more dollars to buy a loaf of bread, and also leads to more job losses, which raises the price of global assets -- oil, silver, just about 70% of trade -- because things are traded in the now devalued dollar, which causes us to pay more for oil, gas, and energy, etc. --> hyperinflation).

Now is NOT the time to doze again! Wake up and get back to seeing the big picture. Common sense tells you we cannot afford to risk our country and standard of living for this Health Care bill as defined today. Oh, let me throw something else at you: If the dollar gets devalued much more, it will lose credibility as the universal money in the world -- over two thirds of the foreign central banks hold dollars in their reserves and over 70% of international trade is in the dollar. China and some other countries are already starting to build reserves in Euros. The demise of the dollar could be catastrophic.