Submitted by: Donald Hank
Employers are cutting
full-time employees back to part-time to avoid the requirement of
providing health insurance under Obama Care. Trader Karl Denninger
says, “As the Obama Administration runs against the economic
reality of what they passed, they are now trying to find ways to dodge it.
. . . The Obama Administration’s reaction to this has been to
unilaterally, and by the way illegally, put off the imposition of
mandate.” This is not going to save the teetering economy
as Denninger contends, “Bernanke has lost control of the bond
market and, in general, his policy. . . . The reality is the Fed is not in
charge, and when that confidence level breaks, you are going to see all
hell break loose.” Denninger goes on to predict, “We are
setting up for a collapse that is going to be worse than 1929, and it’s
going to come sometime within the next two years. It could come as
soon as the next couple of months, but it is going to happen, and there’s
nothing that is going to stop it.” Join Greg Hunter as he goes
One-on-One with Karl Denninger of
Market-Ticker.org
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