NEWS ARTICLES

BRAIN DEAD? I keep asking myself, "Are American's young people, ages 18 to 35, brain dead?" If I were 26 years old, I'd be outraged at the con game scam that's called Obamacare.

THE WORST SYSTEM IN THE WORLD. Health care cost accounting, and billing  to hospital users, is without question the worst system in the world for people who actually work, and who worry about paying their bills. In America (and almost exclusively in America) one serious illness can destroy 30 years of savings. Millions of working Americans are living in fear, and Congress is doing NOTHING ABOUT THEIR REAL PROBLEMS.

INSURANCE THAT'S REALLY IS NOT INSURANCE. The biggest racket, of the many tricks in Obamacare, is the 80%-20% pay scam that's part of almost all medical insurance policies. Under Obamacare, a 100% insurance policy would be labeled "unfair and unequal" and taxed at high rates. That is, unless you're a union member and getting one of the dozens of kickback and payoffs that are part of Obamacare. This isn't American like insurance for Americans. It's more like a Mexican government scam that gives benefits to the rich and "connected" (i.e. unions)  while sc**wing ordinary working people.

YOUNG PEOPLE - PAY ATTENTION! Let's say I'm 26 again. At 26 I had already graduated from college, (Bachelors in Management), been through the Army (two winters on the Korean DMZ), and I had just returned to America. A that time I was broke. Back in college (University of Illinois), I had made the decision to start a magazine publishing company. (Magazines were still a growing business).  So, I secured a job with a magazine publisher in Skokie, Illinois, a town bordering  Chicago. I started saving my "seed money" for starting my business. The company did not have health insurance. That was okay because I was in great health. I did not want welfare. I wanted a chance to work and learn, and that's what I received. Many thanks to my old boss (now diseased).  I'm sincerely grateful for the start he gave me, and for teaching me that in life nobody is going to give you anything that's truly valuable. Just like Obamacare is nothing of REAL VALUE.

IF GIVEN A CHANCE OLD FASHIONED CAPITALISM CAN WORK. After three years at the publishing company  job in Skokie, I left, and opened my own publishing business. Over the next 25 years I started seven different magazines. After 40 years I still have one of the original magazines I started. Plus a nice home a block away from the Fort Lauderdale beach, a wonderful wife, and great children.

A LITTLE CAN MEAN A LOT. Back in the late 1960s, and early 1970s, everyone made less, but everything cost less. I started my company with about  $8,000 that I had saved from my "day job" at the publishing company, plus my part time jobs. I had part times jobs as a car salesman on weekends, and a bartender on Friday and Saturday nights. Actually, it was all a lot of fun. I liked working, and it was one of the best times of my life.

THE BUTTLERFLY EFFECT - FOR GOOD OR BAD. Here is the lesson for young people wanting to start their own business. In the first year of my business I JUST BARELY MADE IT. At one point,  I was down to $34.97 in the company bank account, and $8.10 in my personal checking account. That day (in was in March of 1972) the muffler on my 1966 yellow Ford Mustang rotted out. Mufflers falling off of cars happened a lot with Chicago's salted streets, and mufflers not as rust resistant as today. I did not have the $35 to replaced the muffler. Financially, that was the low point in my life. I was very depressed. However, I pulled myself together, worked harder, and over the next three years I made it. The company became very valuable.  At age 35 my wife and I had a penthouse on the 55th floor (that's not a typo - the 55th floor) overlooking Chicago. It was magnificent. We were the "young hot couple" and on the "social must invite list" for everything: the Ambassadors Ball, season opening of the Opera, grand opening of every first class restaurant and store, everything. Many times we'd go to three different functions in one night. In eight years I'd gone from selling used cars on the weekends to having dinner with movie stars at their expense. For my wife and I it was truly, La dolca vita.

SO WHAT'S MY POINT?  The point is that when you're young, and you're starting out, every penny is vital. The difference between me making my company work, and it failing, that difference at one point was under $1,000.

PAY A LOT, AND GET LITTLE. So now comes Obamacare, a massive tax on young people disguised as health care. First of all, the 80%-20% insurance that YOU WILL BE FORCED TO BUY is a con game. Nowhere else in the world are people putting up with this kind of  official fraud. In America, the 20% that YOU will be charged is 100% of the same medical procedures almost everywhere else in the world, and in hospitals with survival rates as good as, or better, than American hospitals.

SAY GOODY TO YOUR DREAMS OF A BUSINESS OF YOUR OWN. If you're 21, and President Obama FORCES YOU to buy some crap 80%-20% insurance policy for $150 a month. By the time you're 31 years old that will be $18,000. That's a lot of money for something that 80% of young people do NOT need. If back in 1972, I had been forced to pay $20 a month for health insurance, and I had been forced to pay for the health insurance of the three employees I had at that time, MY YOUNG COMPANY WOULD HAVE FAILED. It's a proven fact that small businesses are the greatest creators of jobs. Fewer small businesses means a PERMANENT 10% unemployment rate.

THE CON-GAME SET UP HAS DEEP ROOTS. As I've point out in other articles that are posted on this website. Percentage wise, and odds wise, the only thing that healthy young people need is auto accident insurance. Also as pointed out, the GOVERNMENT and their number one whores, the insurance companies, have taken that option away from young people in their plans to steal more money from you. Today, in most areas, you CANNOT buy meaningful auto accident insurance. In Florida where I now live, auto accident insurance is limited to a de facto $10,000. That's like nothing with today's hospital charges that are 1000% higher than anywhere else in the world.

THE OLD GET A HOSE-JOB. If you're older, it's even worse. Suppose you're in good health, but you're 58. You, like everyone else under Obamacare will be FORCED to buy insurance. At age 58, a BAD insurance policy with the usual 80%-20% hose-job will cost you $1,000 a month. That's $12,000 a year. Medicare does not start until age 65 even if you take "early retirement" at age 62. So between age 58 and Medicare at age 65, that's seven years, YOU are going to be FORCED to pay $84,000. And, if you do come down with a serious illness, and your bill is $400,000 which it can easily be in America. That means your 20% would be an additional $80,000 for a total of $164,000.

CAN YOU AFORD THE STUPIDITY? Is your 401K account, and savings accounts, in great condition for your retirement? Can you afford an extra $84,000 expense for "health insurance" that could still leave you bankrupt?

A SUCKER RALLY. Here's the real bottom line for older people and 401Ks. The so-called "Obama recovery" is one more bubble. It's another banking bubble. The old banking bubble was caused by insane mortgages. This banking bubble is cause by free money from the government. Different brand of insanity, but it will have the same results - another stock market crash.  Like the old 2002-2007 bubble,  the current bubble is all built on BORROWED MONEY.  The current stock market up-turn is a sucker rally.

REWARDING COWARDACE. President Obama and his "recovery team" are some of the SAME PEOPLE  who did NOTHING during the unfolding  of the 2002-2007 exploitation. For example, Tim Geithner was part of the "Clinton team" that created the dot-com bubble. Then Mr. Geithner was head of the New York Fed as billions of dollars in mortgages were given to New York bums, and Wall Street leveraged it's money 40 to 1. At the time Mr. Geithner did NOT see anything wrong with the system. Larry Summers, now President Obama's chief economic advisor, back in the Clinton White House he was the chief engineer,  along with Robert Rubin, for the dot.com bubble. Mr. Rubin became a New York banker and chimed into those multi-million dollar bonuses for wreaking the system. Fed Chairman Ben Bernanke was sitting next to Alan Greenspan as everything was building up to the explosion, and then Mr. Bernanke became Fed Chairman as Wall Street's greed went totally out of control. Mr. Bernanke did NOT see anything wrong until the whole rotten house of cards starting coming apart. Then, rather than kick the ass h*les of the bankers up to their eyebrows, like the government should have done. The team of Obama, Bernanke, Geithner and Summers GAVE the bankers a trillion dollars.  In the mean time, in the real world, national underemployment and unemployment is at 16%.

EVERYONE KNEW EXCEPT THE PEOPLE WHO SHOULD HAVE KNOW. Many people foresaw and warned of the coming real estate/banking/Wall Street problems. One of them was me who in 2004 started writing about the coming disaster. However, the fact is that NONE of the people with any common sense were part of the current Obama team. The "Obama economic  team" is a collection of PROVEN LOSERS who were (and are) a big part of the problem.

CLOSING THOUGHTS. The "tea party" people are  wrong when they hold up signs that say, "Obama is Lenin." President Obama is a Robber Baron in communist sheep's clothing. President Obama has already given trillions of dollars to WHO? Not to average working people, but to the mortgage fraud artists, the double dealing bankers, the Wall Street Gordon Geckos, and the buttered worm financial manipulators. However, if you're a 24 year old college student trying to make ends meet, and eating Big Lot's discounted canned spaghetti four days a week because you're trying save a few dollars for your hoped for future business. President Obama IS GOING TO GET TROUGH WITH YOU. You WILL buy his double-dealing insurance so Mr. Obama's friends, the multi-millionaire insurance swindlers can upgrade their yachts from 50 feet to 95 feet, and put one more $300,000 Bentley in their garage.

MY MESSAGE TO the "Tea Party" group is that President Obama is a lot closer to Juan Peron, and  Porfirio Diaz, than Trotsky. Ask yourself, who is the Obama gang giving money too? He's giving money to the rich bankers and Wall Street, NOT the poor. Every year the USA becomes more like Mexico. A country where the government never stops talking about helping average workers, but never stops helping the super rich at the expense of average workers.

Andrew Molchan,
Systems Analyst & Publisher