Financial Armageddon

August is going to be uncomfortable with more than just record high temperatures. 

1.  Starting August 22nd, all states will have to begin paying back hospitals on the dollars spent under the Affordable Care Act, otherwise known as Obamacare. When Obamacare was passed, Congress didn’t put aside any money to pay for this huge health care bill.  Now that there is a “budget” proposed for 2017-18 (first one in nine years), Congress has still not set aside any funding for O’care.  

With the US mainstream propaganda “fake news” media hiding this fact from the American people, this report details, the Obama regime was allowed to steal billions-of-dollars to pay for their failedObamacare law—but who were then quickly countered when, for the first time in US history, that either the US House, or US Senate, as an institution, brought a lawsuit against a president over enforcement of the law, and as detailed in the monumental Constitutional lawsuit titled “United States House of Representatives v. Price”.

The cost has now exceeded 4 trillion dollars per year.  Since most States average 25% of their budgets for health care, they have taken the money the feds have sent them and used it for other things, such as supporting illegal aliens on welfare.  

According to a federal court ruling of 22 May 2017, in which President Trump requested 90 days to implement this request, only one state has complied: Illinois.  Our own IL courts have ruled this state is to pay over a half-million dollars per month to pay the overdue health care bills.  Of course, IL isn’t bankrupt as our “budget” would have you believe.  Take a look at the Comprehensive Annual Financial Report (CAFR) (must be reported to the SEC) – not the budget – you will realize there is a massive amount of money available in stocks, bonds, and cash in banks!  Why not use these billions to pay off our health care bills?!  This situation will be perpetuated by other states as they try to hold onto their assets.  

It remains to be seen what the courts will do to force these states to begin paying back the hospitals, doctors, and dentists with the money they have misappropriated for their own purposes.  It’s awfully just a big show in which the elites get richer, and you and I (the public) get poorer.  So we pray.

2.  This all came about as the Senate rejected the Republican health care bill.  As the story goes, Vice President Pence held the senate chambers open until 2:00 a.m. As senator trader McCain came waltzing in, his was the deciding vote that defeated the Republican Health Care bill, and will send the states into financial turmoil the 22nd of August.  Since when does a VP hold open a Senate vote until 2:00 a.m.?  What a show.

3.  This should be of great concern to all of us as China is leveraging the new Yuan as a gold-backed currency to pay for oil, thus challenging the supremacy of the US Dollar as the world’s reserve currency.  

Jim Willie at The Golden Jackass says this may mean a New US Dollar will be issued, and that out will devalue by 50% within the first few months of being issued, then 30% a year after that.  (See also, the X22 Report.)

In other news…

In the continuing DC Drama, Debbie Wassermnan-Schultz has agreed to testify against Hillary in the DNC leak investigation in exchange for immunity.  Something about a dead attorney and a body at the beach that are connected to Clinton – after the FBI raided her house send found loads of evidence. 

Note:  Please read my recent posts about supply chain interruptions causing some shortages.  Pray your family is prepared.

WM

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