Tags: NPR

Whole Foods CEO Says ObamaCare is “More Like Fascism”

I’ve been saying this for years.  Obama is no socialist, Obama is a fascist.  Only a fascist would steal from the middle class and the non-oligarch wealthy and hand it to the 0.01% oligarch class.  At the same time, he pays off the poor with food stamps and/or disability checks.  He doesn’t do this because he cares about them, he does this so that they remain quiet while he loots the country.  It is also a great way to keep a large part of the population dependent on him and the government for survival.  Now we hear from Whole Foods’ CEO, John Mackey, who also just recently released a book titled, Conscious Capitalism.  From NPR:

When Inskeep asks him if he still thinks the health law is a form of socialism, as he’s said before, Mackey responds:

Read the Full Article »

Payday Loans in California: School Districts Owe $1 Billion on $100 Million Borrowed

This story here, as much as any I have ever read, perfectly exemplifies the complete parasitic, ponzi and entirely unsustainably criminal carcass of an economy that remains in the United States today. This is devastatingly frightening reading. The state of California is completely finished. From NPR:

Collectively, the districts have borrowed billions in loans that defer payments for years — leaving many districts owing far more than they borrowed.

“We’d be foolish not to take advantage of getting $25 million” when the district had to spend just $2.5 million to get it, Ramsey says. “The only way we could do it was with a [capital appreciation bond].”

Those bonds, known as CABs, are unlike typical bonds, where a school district is required to make immediate and regular payments. Instead, CABs allow districts to defer payments well into the future — by which time lots of interest has accrued.

In the West Contra Costa Schools’ case, that $2.5 million bond will cost the district a whopping $34 million to repay.

Read the Full Article »