12 votes

Karl Denninger: Obama Care Could Implode Before the End of the Year

Karl states the obvious when it comes to economic sanity.


http://youtu.be/vE1cN9shMyI

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Has Karl Denninger said

Has Karl Denninger said anything regarding the real world lately?
I used to think the guy was a genius.
But I think he has been thwarted by the unprecedented and UN-imaginable FED actions that have kept equities erect.
Now if i was a deaf and dumb (couldn't hear what the media and 'economists' have been saying) stock trader that has been trading for decades I would just say that equities were destined to break out above the 2000 and 2007 all time highs.

That's just what every market (stocks, bonds, commodities) do.
They typically hit a resistance level twice and on the third try they breakout. It's classic technical trading. Classic... textbook. Technical trading 101.

He lost me when he said costs will go down 80% overnight

by implementing the Clayton/Sherman anti trust laws. He has is a point that the medical-industrial complex, along with the health insurance companies have helped cause this problem, but an anti trust enforcement won't fix it.

It's a wishful thinking...

Govt programms rarely, if ever, implode. Especially, landmark types, like this one. Reason is a simple one: they don't have to! The govt will simply say, because of this and that, we need more people, $$, new laws and time to execute/fix it.

Exactly what I was thinking

Exactly what I was thinking when they were discussing implosion.

Props to Denninger for the exceptional analysis of the problem that's building but if it gets as bad as he is predicting, and it very well may, what exactly will prevent the pols from passing health insurance company "bailouts"? The GOP digging in their heals? A Fed chair who will tighten the endless borrowing?

Don't make me laugh! I'm gettin old and I might hurt myself and hasten the system implosion.

What congress will actually do, explained in 30 seconds: http://youtu.be/l_mIurZI9Rg

Never trouble trouble til trouble troubles you. Fortune Cookie

bump

from a Denninger fan.

There is nothing strange about having a bar of soap in your right pocket, it's just what's happening.

Thanks Smudge

For the bump. I'm not a fan of Karl, Ron Paul, or Karen Hudes as people, and I don't agree with any one of them on everything. But I DO respect them all standing up for the rule of law in their own way.

Ron Paul comes the closest by FAR.

Hasn't Denniger closed down his site? I used to go to it but haven't lately.

He closed it down for 3 days

but as you can see he enjoys communicating a little too much to keep it up for long.

There is nothing strange about having a bar of soap in your right pocket, it's just what's happening.

No animosity, just curiosity..

What about Ron Paul, as a person, makes you "not a fan"?

Thanks in advance for a response

Thanks for the question Beard,

Liberty for a society comes from the society that appreciates it. It doesn't come from Goverment.

And it doesn't come from a 'collective', 'supporting' a leader.

I'm a fan for Liberty, not ANY LEADER, but I do appreciate their message when they speak it.

Why, might I ask are you a Fan of politicians?

Super delayed response

As a rule I am not a fan of politicians and am generally disgusted with politics as they exist in the USA.

Ron Paul was a notable exception and likewise has earned my respect through his consistency, not as a politician per se, but as a man of integrity.

Politicians don't lead but merely follow.

It could be said that Ron Paul's time in congress was a massive waste of time since

"of the 620 bills that Paul had sponsored through December 2011, over a period of more than 22 years in Congress, only one had been signed into law – a lifetime success rate of less than 0.3%.[58] The sole measure authored by Paul that was ultimately enacted allowed for a federal customhouse to be sold to a local historic preservation society (H.R. 2121 in 2009)."
(http://en.wikipedia.org/wiki/Ron_Paul#Tenure_2)

I would argue that his impact and the spread of the ideas he has supported do more than enough to offset the lack of success he found in congress. He has helped to increase the desire that society has towards liberty.

For I do agree with you "Liberty for a society comes from the society that appreciates it. It doesn't come from Goverment."

what amazes me, and also tells me where our

society is.

Posts that include Glenn Beck, still are at the top of the list.

This one doesn't even show up. I'm OK with that. But it is interesting to watch.