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Showing posts with label Ponzi scheme. Show all posts
Showing posts with label Ponzi scheme. Show all posts

Thursday, November 13, 2014

If Infomercial Huckster Can Go To Jail For Misleading The Public, Why Shouldn't The Promoters Of ObamaCrapCare?


Architects of Obamacare deserve prison

Hi. I’m Wayne Allyn Root for Personal Liberty. Let me read you the definition of “fraud” straight from the dictionary:
Fraud: Act or course of deception, an intentional concealment, omission, or perversion of truth… Willful fraud is a criminal offense which calls for severe penalties, and its prosecution and punishment (like that of a murder) is not bound by the statute of limitations.
Now let’s take a look at how Obamacare was sold. Almost one year ago, I asked right here at Personal Liberty: “Is President Obama Too Big to Jail?”
I was referring primarily to the crime of fraud and misrepresentation used by Obama and his socialist cabal to sell Obamacare.
Right here at Personal Liberty months ago, I compared the fraud and deception used by Obama to sell Obamacare to the fraud committed by TV infomercial scam-artist Kevin Trudeau. I suggested Obama committed the crime of consumer fraud.
Trudeau was convicted earlier this year for using lies and misrepresentation to sell his products on television. The U.S. government rightfully claimed Trudeau couldn’t have sold his product (a book about weight loss) without lying to consumers. The government claimed without Trudeau’s lies, deception and misrepresentation, no one would have bought his book. He was sentenced to 10 years in prison. I said at the time this was exactly how Obamacare was sold.
Lo and behold, we now have proof that Obamacare was sold by Obama and his socialist cabal with the same kind of lies, fraud and misrepresentation used by Trudeau. The words of none other than Jonathan Gruber, the MIT professor and architect of Obamacare, have come back to haunt the Obama administration (clear as a bell on video).
I’m no lawyer (although I play one on TV), but it’s clear the selling of Obamacare was built on fraud. Gruber admits (actually brags) that Obamacare could never have passed if the American people knew what was in it.
Gruber brags that the bill was saved by a “lack of transparency.” Isn’t that a nice way of saying lying?
He calls American voters “stupid.” Isn’t that what con men like Trudeau and Bernie Madoff think of their victims?
He then admits the bill was written in a “tortured way” to hide the truth: that Obamacare was always designed as a big, fat tax to redistribute money. He says if the Congressional Budget Office “scored it” as a tax, it could never have passed into law. If a businessman says something in a tortured way to hide the truth, that’s the definition of fraud. Period.
Gruber doesn’t mention the biggest whopper of all: “If you like your insurance you can keep it.” Obama told this lie while his own internal White House reports showed that up to 93 million Americans would lose their insurance because of Obamacare. Yet Obama kept repeating that famous line to the media and at speeches and rallies across the country. Isn’t that the very definition of fraud? Obama lied to sell Obamacare to “stupid American voters.”
How does that differ from Madoff taking money from “gullible investors” by telling them he could produce massive returns year after year? How does that differ from Trudeau telling “gullible” TV viewers that he had a system that made weight loss easy? All these crooks and scam artists have one thing in common: They needed to lie and misrepresent to get victims (they would describe as “stupid”) to buy into their Ponzi schemes.
What any U.S. prosecutor could tell you is the architect of the crime (Gruber) just confessed to the crime on video. This is an ironclad case of fraud. Now use his words to take down the entire criminal enterprise.
If Obama had truthfully admitted, “This is a massive wealth redistribution scheme,” who would have supported it? If Obama had truthfully admitted, “If you like your insurance, there’s a darn good chance you’ll lose it,” who would have supported it?
Or “If you like your doctor, too bad. You’re going to need to find another.” Or “If you like your price for health insurance, too bad. Because your price is going to double or triple.” If Obama had truthfully admitted any of that, he never could have sold Obamacare to the American public. So he had to lie, deceive and misrepresent. That’s the definition of fraud. That’s exactly why Trudeau and Madoff are in prison.
But the selling of Obamacare was far more serious than typical consumer fraud. Madoff is in prison for life. Trudeau is away for 10 years. But neither put a gun to the head of their victims. They simply advertised or promoted. Victims willingly came to them or bought from them of their own free will. Yet that’s still (of course) fraud because victims willingly handed over their money based on lies and deception.
But Obama didn’t just lie and misrepresent. Obama sold his scam at gunpoint. No one had “free will.” Obama forced every American with the force of government and IRS fines to buy his fraudulent product. That’s more like a violent crime. That’s armed robbery. That’s a much more serious crime.
It’s time to put the architects and salesmen of Obamacare in prison. Trudeau cost about 1 million consumers a paltry $30 each. No one’s life was ruined. Madoff cost a few thousand wealthy investors a few billion dollars. Some lives were ruined, but the numbers are small.
But Obama is in a league all his own. Obamacare is the biggest fraud in world history. Over time, it could cost American consumers trillions of dollars in new taxes, higher premiums, deductibles, co-pays or, in the case of victims who are terminally ill and lose their insurance altogether, million-dollar bills. For a few victims who have terminal cancer, the stress of losing their insurance coverage or doctor may cost them their lives.
And how about the job losses and downgrades from full-time to part-time work for millions of American employees? Trudeau and Madoff damaged a few personal economies. Obama’s fraud damaged the entire U.S. economy. What kind of prison sentence do you get for that?
Now remember the second half of the definition of fraud straight from the dictionary:
Willful fraud is a criminal offense which calls for severe penalties, and its prosecution and punishment (like that of a murder) is not bound by the statute of limitations.
The words on video of Gruber prove this was “willful” fraud. He basically says: “We had to lie to the people, or these stupid voters would never have passed it. And we passed it, so wasn’t that worth it?” That’s willful fraud. It doesn’t get any more willful than that. It’s more proof — on video — that Obama and his socialist cabal believe “the ends justify the means.” Meaning any crime or fraud is OK as long as we achieve our goal of income redistribution and the destruction of capitalism. If this isn’t punished with prison terms, what crime will they commit next? How far will they go?
Republicans just won a massive, historic landslide victory. It was based on middle-class Americans’ disgust and rage at the lies, cancellations and unaffordable premium increases of Obamacare. Now it’s time for a Republican Senate and House to start criminal investigations.
Now it’s time to make the people who committed fraud to sell Obamacare pay. I think life in prison is getting off easy for the pain and loss they’ve caused to more than 300 million American victims — and for committing the first trillion-dollar fraud in world history.
I’m Wayne Allyn Root for Personal Liberty. See you next week. God bless America.

Thursday, May 9, 2013

Welcome To Obama's Greater Depression


Except for the commercial at the end of the article, we agree with Root, 100%.  This country would look significantly different if it were not for the unprecedented government spending on safety net programs which is the reason we see no food lines or tent cities.  We have the same fundamental depression elements but they are covered over by the spending.

There will be those who disagree with Wayne, but they are the ones effected by the "normalacy bias" and those who believe that Obama is the second coming (which would include Obama himself.)

This country is a mess and spending 85 billion each and every month will only make things worse in the future. We are in the middle of the "Greater Depression" and most of us don't even realize it.

Conservative Tom


The Ponzi Scheme That Masks The Obama Great Depression

May 9, 2013 by  

Hello, I’m Wayne Allyn Root for Personal Liberty. At this moment, despite the lies and distortions you hear from the Barack Obama-adoring mainstream media, we are experiencing an Obama Great Depression to rival anything we experienced in 1929. But the truth is being covered up by an ever-rising stock market (that is completely disconnected from the economy) and a country awash in “Obama money.”
The Kool-Aid-drinking media is shocked by hundreds of hard facts I’ve put together proving we are in a Great Depression. They ask me: “Well then, why is the stock market doing so well? Why are there no bread lines or tent cities like 1929?”
The answer is simple: Big-government spending on an unimaginable scale masks the true picture of our economy. What you’re seeing is a fraud: the biggest Ponzi scheme in world history. There would certainly be bread lines and tent cities, if government wasn’t handing out billions of dollars in checks, paid for by the Federal Reserve printing trillions in fake dollars.
You’ve seen the numbers. Obama is the biggest spender in world history, adding $6 trillion to the debt in only four years. Where do you think that money is going? To all-time record numbers of Americans on food stamps, disability, welfare and unemployment benefits. Now, of course, we’re embarking on free healthcare for 40 million new patients, with money we don’t have (and no new doctors to treat them).
And just to be certain that the U.S. economy is completely destroyed, now for good measure we want to legalize 12 million illegal aliens, giving them access to more than $9 trillion in entitlements. Makes sense, doesn’t it?
The government is borrowing 46 cents for every dollar it spends. It’s all crazy… literally. We have borrowed from China to pay entitlement checks to Americans who no longer feel it pays to go to work, and to hand out billions of dollars in foreign aid to countries that hate us and support terrorism.
All of this while the Fed is running the printing presses day and night to fund its weapon of mass distraction: Wall Street. As long as the stock market is up, the lapdog media can report the economy is “in recovery.”
The plan is brilliant. You’d almost think Obama is relying on Bernie Madoff as his chief economic consultant — except even Madoff wouldn’t have the cajónes to pull off this scam. Obama has succeeded in turning Wall Street into a rigged craps game. The government is guaranteeing the results. Obama demands the Fed hands out $85 billion of fake money each and every month and drops it onto the plates of the richest publicly traded companies. This guarantees the stock market goes up while their CEOs get filthy rich with rising stock options, which guarantees banks, Wall Street and billionaires like Warren Buffett continue to support Obama.
Meanwhile, on Main Street the real economy is dying. There are no jobs. There is no recovery. Ninety million able-bodied, working-age Americans are not working. The workforce participation rate is setting all-time records for futility. U.S. worker hours are down and U.S. worker salaries are stagnating, while our cost of living is skyrocketing. Recent college grads are drowning in debt, with record levels of student loan default and post-college-graduation unemployment. Older Americans are dipping into their retirement savings in record numbers; 16.4 million Americans live in poverty in the suburbs; and almost 50 percent of Americans have less than $500 in savings.
The middle class is being systematically destroyed. Wiped out. Left with the short end of the stick. The real economy on Main Street is dying. And worst of all, our children and grandchildren will get the bill. This $85 billion per month being used to fraudulently prop up the stock market is all debt being piled onto future generations.
Then there’s Part II of this Obama Ponzi scheme. Separate from the Fed’s $85 billion per month of fake money is the government spending scheme. Obama has handed out billions of dollars in stimulus, bailouts, green energy investments and government contracts to the biggest publicly traded companies, the most corrupt unions and the most connected Democratic contributors. But none of the benefit goes to small business or the middle class that is stuck paying the bill.
Government deficit spending with money we don’t have is now paying for everything, at every level. It’s all to hide the reality that we are living in an Obama Great Depression. There are no bread lines or tent cities because we’re all living on the government dole, paid for with debt. Fraud on a massive scale. The greatest Ponzi scheme in world history.
Housing allowances and food stamps prevent bread lines and tent cities.
Free breakfasts and lunches at school make it seem like children aren’t going hungry.
Earned income tax credits are handed out to millions of lower-income Americans (including illegal aliens) who pay no taxes in the first place.
At the same time, government keeps interest rates artificially low to pump up home and car sales — and to keep the interest on the national debt from eating up the entire budget.
And if record low interest rates aren’t enough, government purchases of GM cars are up 79 percent. The government is artificially propping up GM with your tax dollars. It’s all a scam.
Take away all this spending and printing by government, and it would look exactly like 1929.
We are in an Obama Great Depression masked by government spending and debt that didn’t exist during the first Great Depression. The true extent of this economic Armageddon is being hidden, disguised and propped up with government spending, programs and Fed printing never imagined in the 1930s.
What’s the end game? First, all this spending and printing is to prevent economic collapse and total panic. Second, it’s to achieve the Marxist dream: redistribution of wealth to Obama’s voters and contributors. Third (and this is the big one), it’s to create a two-class society.
Karl Marx hated the middle class. He felt they needed to be eliminated to create equality, fairness and social justice (i.e., shared misery). Will people be hurt? Sure, they’ll lose their jobs and homes. But to Marxists, the end justifies the means. Obama needs a two-class society to make his plan work; the two classes are the super rich and the poor. The key is both are dependent on government to survive.
The super rich love crony capitalism — with Obama handing out stimulus, Fed printing and government contracts like candy. That’s how the super rich and politically connected stay rich and get richer. The rest of us will be poor, which makes us dependent on Obama for government checks to survive. Government will pay for our lives from cradle to grave, while confiscating most of our income.
This is a Ponzi scheme that even Madoff could never have imagined. That’s why you need to develop Y-PODS: Your Personal Obama Defense Shield. It’s all included in my new No. 1 national best-seller, The Ultimate Obama Survival Guide. I wrote it to show the middle class and small business how to survive, thrive and actually prosper from every move Obama makes for the next four years.
Don’t get mad, that does nothing for you. Get even!
You can find my best-selling book, The Ultimate Obama Survival Guide, online at Amazon.com or at Costco, Barnes & Noble, Sam’s Club, Books-A-Million or any fine bookstore. Or you can buy it in e-book form to read on your favorite e-reader.
That’s how you turn lemons to lemonade.  And Obama is certainly the biggest lemon in the history of America. You can find more information in the box right under this article. Just look for the bright yellow book cover of The Ultimate Obama Survival Guide to order your very own copy.
I’m Wayne Root for PersonalLiberty.com. See you next week. Same time, same place. God bless.