Russian Hot Money Dodges Sanctions, Gushes into Hong Kong

The sanctions, the last batch of which took effect on Friday, are targeting with ever increasing intensity the Russian economy and a growing number of key individuals. The defense, financial, and energy sectors have been hit the hardest. Oil and gas exports are Russia’s economic and fiscal lifeblood; Western financing is Russia’s corporate lifeblood. And that’s where the sanctions have begun to bite viciously. But not only in Russia….
They’re gnawing at the revenues and profits of German companies, and potentially at the value of stock-based compensation and bonuses of their chieftains, who have been waging a loud and relentless campaign against the sanctions, which so far has fallen on deaf ears in Berlin.
A major shift in mercantilist Germany. The prior Chancellor, Gerhard Schrder, a West German through and through, has become Putin’s best buddy over the years, and within practically moments after getting kicked out of office in 2005, started to work for him. Which has led to some delicious imbroglios [for example… Putin Parties With German Ex-Chancellor, Sanctions Be Damned].
Chancellor Angela Merkel originated in Soviet-dominated East Germany, had to learn Russian in school, and experienced Soviet power first-hand. There’s no love lost between her and Putin. Even before the Ukrainian fiasco mucked up the ‘strategic relationship,’ as every German government has insisted on calling it, meetings between them were, let’s say, awkward – though big commercial deals were always signed, and that’s what counted in mercantilist Germany. But not anymore.
Over the weekend, it was Eckhard Cordes, chairman of the Committee on Eastern European Economic Relations, who attacked the new sanctions, warning that they would not contribute to a de-escalation of the crisis. He added the word ‘dangerous’ to the already common ‘sanction spiral.’

This post was published at Wolf Street by Wolf Richter ‘ September 15, 2014.

Food brand update: Annie’s sells out to General Mills while Barbara’s gets its cereals Non-GMO Project Verified

General Mills, one of the most deceptive food companies in the world and a processed food giant that funds efforts to block GMO labeling transparency, is reportedly purchasing Annie’s for $820 million. [1]Annie’s, based in Berkeley, California, is a well-known organic food brand that has long been favored by organic consumers. General Mills, on the other hand, works hand in hand with the Grocery Manufacturers of America, a GMO food industry front group that engages in criminal money laundering operations to make sure consumers remain ignorant about the toxic GMOs hidden in the foods they buy. As with all such deals, the question becomes one of which company will influence the other the most. Will General Mills take over Annie’s and exploit the brand while cheapening its ingredients and loading up Annie’s products with hidden GMOs? Or will General Mills respect the Annie’s brand and use it as a way to shift its business practices into more ethical foods that avoid GMOs and other toxic ingredients?Most observers would say General Mills, like nearly all mega-corporations, will prioritize profits over ethics. After all, General Mills is the same company that launched “TOTAL Pomegranate Blueberry” cereal which contained neither pomegranates nor blueberries. This is a company that appears to have no motivation to be honest with consumers.

This post was published at Natural News on Monday, September 15, 2014.

Grievance Nation Meets Possible Felony Wire Fraud

As they say, heh heh heh….
Two independent journalists have confirmed with the San Francisco Police Department that Anita Sarkeesian, a video game social justice warrior, may have used false pretenses to raise money for her non-profit entity. The police have said that she has not contacted them as she claimed after receiving a Twitter death threat in August. Under Federal law, this may put her on the hook for felony wire fraud.
Wait, what?
Video game social justice warriors?
Yes, they apparently exist. You know, people who argue that it’s so damned unfair that {women|minorities|gays|whoever} are {underrepresented|victims of misogyny|harassed} in {whatever} – in this case, video games.
Really.

This post was published at Market-Ticker on 2014-09-14.

FBI Whistleblower: Pentagon, CIA, NATO & MI6 Were Masterminds Behind 9/11

Of late, we have put focus on the Rothschilds, elites, New World Order, call them what you will. They exist, and they have very direct, yet very behind the scenes control over everyone’s lives, at least those who choose not to take any defensive actions for their own selves and family. The totally unlawful mosaic of underhanded deceit and treachery is mind-boggling, and kept totally out of the mainstream media.
The main objective of the elites is to establish its New World Order, [via the Council on Foreign Relations, the United Nations, and BIS [Bank of International Settlements], among others] that eliminates sovereign countries, [the European Union replacing the individual countries which have to accept being ruled by unelected bureaucrats that run the EU; the United States taken over by the moneychangers via the Federal Reserve central bank, now ruled by puppet presidents who rule by Executive Order, and now rule the U S by an increasingly militarized police state – Ferguson, Missouri is your present day look into your near future].
No existing Western government represents the people governed. All elite-ruled governments function in order to preserve the banking system, above all else. This is admittedly a condensed version of what is going on, but anyone who chooses to do their own research and verification will eventually come to the same conclusion.

This post was published at Edge Trader Plus on September 11, 2014.

U.S. Syrian Rebels & U.S. ISIS Agree On A ‘Non-Aggression’ Pact – Episode 466

The following video was published by X22Report on Sep 12, 2014
Australia’s part time jobs skyrocketed on the latest report. Spanish and Italian debt are at record highs. Consumers believe the recovery illusion. Retail sales down, but the push for sub prime auto loans makes it seem like retail is improving. Spain is moving towards a civil war, riot gear has been purchased. China seeking expansion of strategic ties with Iran. UK building 3 bases for the upcoming war. US trying to prove Assad is apart of how ISIS makes it money. FSA and ISIS make a non aggression pact to fight Assad. US reporting that ISIS now has anti aircraft weapons and bombing will not help. ISIS is now creating a cyber caliphate to cyber attack the financial institutions and the power infrastructure. Be prepared for a false flag event.

Where ISIS Makes Its Money

President Obama’s 4-pronged strategy to ‘degrade and destroy’ ISIS includes a ‘financial attack’ (according to the Treasury) as they recognize, as The Daily Signal notes, one major hurdle in the way of the ‘strategy’ is the brutal organization’s control of oil fields in Iraq and Syria; which ISIS uses that oil wealth to help finance its terror operations. Here’s how they do it…

This post was published at Zero Hedge on 09/12/2014.

Fishing for Trout With Rope and Mashed Potatoes; Mentality of Jackasses; Gas Pains

The EU stepped up its sanctions today after forcing all the ducks in line with the position of president Obama. Russia immediately responded in kind with actions on cars, clothes, and energy.
The Financial Times reports Russia Threatens to Cap Western Car and Clothing Imports.
Russia threatened to escalate a growing trade dispute between the Kremlin and the EU, saying it could cap western car and clothing imports.
The fresh warning came as EU diplomats ended a week-long deadlock on Thursday over a new round of sanctions against the Kremlin, and agreed to trigger measures to block Russia’s largest state-owned oil companies from raising money on European capital markets.
Forcing Ducks In Line
The measures were due to go into effect at the start of the week, but several EU countries balked, arguing they needed more time to assess whether the Kiev-brokered ceasefire would take hold.
Diplomats said the decision by EU ambassadors to press ahead came after Herman Van Rompuy, the European Council president, held a conference call on Thursday with the leaders of the four European countries in the Group of Seven leading industrialised nations – Germany’s Angela Merkel, France’s Franois Hollande, Britain’s David Cameron and Italy’s Matteo Renzi – to finalise the measures.

This post was published at Global Economic Analysis on September 11, 2014.

Dennis Kucinich: US Lying and Manipulating Fear to Justify War on ISIS

RPI Advisory Board Member Dennis Kucinich, interviewed this week on the Alan Colmes Show, emphatically argues against the United States military attacking ISIS. In particular, Kucinich explains that the US government is lying and manipulating fear to justify war on ISIS. A big part of the US government’s trickery, Kucinich notes at the beginning of the interview, is that US ‘ally’ Qatar is funding ISIS while the US government is bombing ISIS. Asked by Colmes what Kucinich, a two-time presidential candidate, would do regarding ISIS if Kucinich were ‘in power,’ Kucinich responds:
Well, I’d start with having Qatar stop funding them. I mean, to me it’s not even credible that Qatar could be providing money to ISIS and the US spending $80 billion a year on so-called intelligence doesn’t know that.
Kucinich proceeds in his answer to note that Saudi Arabia was also involved in funding ISIS and that the US government funded ISIS indirectly through its funding of insurrectionists in Syria in an effort to overthrow the Syria government. Kucinich expands on this matter later, explaining:

This post was published at Ron Paul Institute on September 10, 2014.

While Obama Snoozes, Russia Is Preparing For Nuclear War With The United States

Did you know that two Russian bombers practiced launching cruise missiles at the United States from a spot in the North Atlantic just the other day? And did you know that Russia is spending massive amounts of money to build and test new nuclear weapons systems? Meanwhile, the Obama administration is doing absolutely nothing to upgrade the U. S. nuclear arsenal. Our nuclear officers are actually still using floppy disks and other computer technologyfrom the 1960s. The size of the U. S. nuclear arsenal has been reduced by about 95 percent from the peak of the Cold War, and Barack Obama has spoken of even more dramatic reductions. Obama is snoozing even as a Russian general speaks of the need to ‘spell out the conditions under which Russia would launch a preemptive nuclear strike’ against the United States. Obama appears to be entirely convinced that a nuclear war between the U. S. and Russia is not even a remote possibility. He better be right, because we are definitely not prepared for one.
Even with everything that has happened between the United States and Russia lately, most Americans still believe that ‘the Cold War is over’ and that Russia presents absolutely no threat to us.
But Russia is behaving as if the Cold War is still very much on. You probably didn’t hear a peep about it from the mainstream media, but just the other day a couple of Russian bombers simulated launching cruise missiles at us from the North Atlantic. The following is an excerpt from an excellent article by Bill Gertz…

This post was published at End Of The American Dream on September 10th, 2014.

Backlash Against Michelle Obama’s Public Schools’ Menu

Prior to Eleanor Roosevelt, no first lady was a public figure. The term ‘first lady’ was not capitalized. First ladies stayed in the background. Eleanor Roosevelt became the first full-time First Lady nag, both for her husband and for the nation. Her husband ignored her, but liberal Democrats kept her on a pedestal long after her husband unexpectedly left office.
Bess Truman and Mamie Eisenhower did their best to restore the older tradition. Nobody ever heard from them. But then came Jacqueline Kennedy, the best-dressed woman ever to grace the White House. She even gave us a tour of the White House on national television. From that time on, First Ladies have been expected to do something both useful and noncontroversial. Each First Lady is supposed to select some national do-good project, and devote her public life to it. I suppose the best example of this was Lady Bird Johnson’s cheerleading for planting flowers along federal highways. That seemed innocuous enough, as long as you were not in the road sign business.
Now we get Michelle Obama. She picked the most controversial topic in First Lady history: nutrition. She is serving as a cheerleader for new federal regulations being forced down the throats of America’s schoolchildren. She wants them to stop eating things that will make them fat, rot their teeth, and generally be worth paying for.
The idea that federal regulations can make fat people thin has to be the most utopian idea in the history of national do-goodism. Nothing else comes close. The one thing that we know about fat people is this: 95 percent of them do not get thin and stay thin. In other words, this project is utopianism on a scale – pun intended – never before seen in the White House. Lyndon Johnson’s war on poverty was an exercise in political realism compared to Michelle Obama’s attempt to slim down America’s schoolchildren.
The project has backfired. School districts around the nation have found that snacks that comply with new federal regulations cannot be sold to students. Students want to use their snack money and cafeteria money to indulge their tastes, and healthy foods do not indulge their tastes. So, school districts are suffering losses of income as a result of the new regulations…

This post was published at Tea Party Economist on September 9, 2014.

EU Threatens New Sanctions; Russia Responds with Threats on Natural Gas and Airspace Flight Restrictions

The tit-for-tat sanction madness in Europe took a huge leap forward today with new sanctions in the work on Russian energy companies. Russia responded by threatening to restrict commercial flights over its airspace, by threatening to halt reverse flows of natural gas to Ukraine, and with a threat to reduce gas delivery to Europe. EU Plans New SanctionsThe Wall Street Journal reports New EU Sanctions to Stop Fundraising by 3 Russian Oil Giants
New European Union sanctions on Russia will expand the number of Russian companies unable to raise money in the bloc’s capital markets to include three state-owned oil companies, according to documents seen by The Wall Street Journal. The documents show the EU seeking to hit Russian oil companies, but leaving unscathed those involved in gas production and export, which are critical to many European countries’ energy supplies. Under a modest expansion of sanctions introduced in late July, the three oil companies – Gazpromneft, the oil-production and refining subsidiary of OAO Gazprom, oil transportation company Transneft, and oil giant Rosneft – will be forbidden from raising funds of longer than 30 days’ maturity.

This post was published at Global Economic Analysis on September 08, 2014.

American Spartans?

There are very few Spartans in the American military forces. In fact, there are few who even know what a ‘Spartan’ is these days. I think Americans today think a Spartan is a very dumb, show-off football player at USC who does back flips for the tv fans.
The real Spartans of the ancient world were like Russia’s Spetznetz forces today, lifers totally committed to fighting for their nation. More than 60,000 Ukrainian troops heavily armed and supplied by the U. S. just panicked and fled as soon as one of their Candy Leaders screamed, ‘The Russians are Coming.’ There’s hardly a real Russian to be seen in the Ukraine and even the Candy King claims there are only 1,000, but his candy-assed ‘soldiers’ panicked at the very thought of Russian Spartans.
The American Spartan Major who wrote the book about his experience in Afghanistan is one of the guys who takes hearts-and-minds seriously, the ancient way. The Russian Soviets did not do that when they went into Afghanistan by invitation of the Marxist government. Once the guerrilla forces, including bin-Laden and the Arabs he recruited with CIA money, got the Stingers, they blew away the Hinds and the Red Army fled home to help the USSR implode. The U. S. annihilated Afghanistan and lost all hearts and minds to start with, both there and in Pakistan. If the guerrillas had Stingers, the U. S. would have been blown away long ago.

This post was published at Lew Rockwell on September 6, 2014.

Obama’s Oil Boom – Global Warming Be Damned

Considering all the talk about global warming, peak oil, carbon divestment, and renewable energy, you’d think that oil consumption in the United States would be on a downward path. By now, we should certainly be witnessing real progress toward a post-petroleum economy. As it happens, the opposite is occurring. U. S. oil consumption is on an upward trajectory, climbing by 400,000 barrels per day in 2013 alone – and, if current trends persist, it should rise again both this year and next.
In other words, oil is back. Big time. Signs of its resurgence abound. Despite what you may think, Americans, on average, are driving more miles every day, not fewer, filling ever more fuel tanks with ever more gasoline, and evidently feeling ever less bad about it. The stigma of buying new gas-guzzling SUVs, for instance, seems to have vanished; according to CNN Money, nearly one out of three vehicles sold today is an SUV. As a result of all this, America’s demand for oil grew more than China’s in 2013, the first time that’s happened since 1999.
Accompanying all this is a little noticed but crucial shift in White House rhetoric. While President Obama once spoke of the necessity of eliminating our reliance on petroleum as a major source of energy, he now brags about rising U. S. oil output and touts his efforts to further boost production.
Just five years ago, few would have foreseen such a dramatic oil rebound. Many energy experts were then predicting an imminent ‘peak’ in global oil production, followed by an irreversible decline in output. With supplies constantly shrinking, it was said, oil prices would skyrocket and consumers would turn to hybrid vehicles, electric cars, biofuels, and various transportation alternatives. New government policies would be devised to facilitate this shift, providing tax breaks and other incentives for making the switch to renewables.
At that time, a growing concern over climate change and the prospect of further warming due to increased emissions of carbon dioxide from the burning of fossil fuels seemed to dim the long-term prospects for petroleum…

This post was published at Wolf Street on September 5, 2014.

The September Start of War

QUESTION: Mr. Armstrong; The fact that you gave us all warning of the turn in the Cycle of War coming in 2014 back at the 1998 conference and at 2011 conference, was truly amazing to watch how this has all worked out. But the stunning realization that you pinpoint Ukraine as the flash point and then said it will turn up in September which has arrived with the Russians openly invading Ukraine, I just do not know how anyone from the goldbugs to government cannot appreciate what you have done with analyzing time. They expose their own stupidity and bias by trying to criticism you on a personal level when you have shown us this is not opinion or just outright ignore you and hope you go away. People should be supporting your work and the sooner you go public the better.
Do you have any idea what makes this all work so precisely? The ECM picks events to the day, but you said this war in Ukraine would turn up starting in September. Your timing is truly amazing.
Thank you so much for showing us a new way to look at everything. I use to attend various lectures on cyclical analysis. But they seemed primitive at best and only concerned about trading some single market thinking they have conquered the world. Nobody has ever comprehended the global connectivity that you show us all the time. I really do hope the government would just for once care about society and listen to what your models really project. So many lives would be saved not to mention money from chasing absurd ideas like global warming that is obviously a natural cycle. It is a shame the analytical community does not stand up and support you rather than trying to compete with you when they cannot even understand the depth to which you have taken cyclical analysis.
Thank you once again for showing us the light.
HRK
ANSWER: Thank you. I am very glad that some people are starting to see that this is something very important that could really change the future is implemented. We are trying to take this public to protect everything and then hopefully the technology can be applied to many fields. Ego keeps the industry fragmented. Only when we crash and burn does it appear that there would be any type of unity in the analysis community. They argued Keynes was nuts until the Great Depression hit. This is just how it functions. As for a market forecasters, generally all they are doing is trying to make a buck. They are not normally inspired by lofty goals. They are content trying to develop just trading systems to sell.

This post was published at Armstrong Economics on September 3, 2014.

Beware of the UN Takeover of American Water Supplies

Millions of children under five die every year due to toxic germ-infest unsafe drinking water. This means that almost four babies a minute die from a lack of water according to UN-Water’s estimations. In the 2014 World Water Report released on the eve of World Water Day, the UN said that 768 million people do not have adequate access to water, 2.5 billion do not have access to improved sanitation. Among the deprived are a significant number of people in Detroit. It would seem that the problems of the third world are being visited upon Detroit and soon the rest of the country.
Obama Refuses to Bail Out the People of Detroit Obama has taken American taxpayer funds to bail out the privately owned General Motors. Obama has helped to himself to the same pot of money and has devastated this country by bailing out key Wall Street businesses (e.g. Goldman Sachs). However, when it comes to helping 700,000 residents of Detroit, they are not worthy of an Obama bailout, even when their health and their very lives are being put in danger by severe third world economic conditions that are currently present in Detroit.
Detroit is trying to come to grips with its newly founded Chapter 9 Bankruptcy plan that includes a significant loss of pension benefits for retired city employees. However, the most devastating part of the Detroit financial crisis may not be the loss of pension benefits, it is the access to clean drinking water. Today, Detroit is a city in which nearly 50% of the residents will soon have no access to clean drinking water. Yes, that is correct, nearly half of the residents in Detroit, cannot obtain clean water and this has become a serious life crisis. Detroit Water and Sewerage Department (DWSD) announced it would send shut-off notices to customers with balances more than $150 past due or who are more than 60 days behind in their water payments. The department, has stated that nearly 50% of Detroit’s 324,000 water bills are overdue. Already, 4,500 accounts have had their water shut off by DWSD. This is looming health crisis of epic proportions!

This post was published at The Common Sense Show on September 3, 2014.

HOME DEPOT COVERING UP MASSIVE CREDIT CARD DATA BREACH

How come an independent security blogger has to reveal massive retail credit card breaches? Brian Krebs also blew the lid off the Target debacle. He thinks this could be much bigger than the Target breach. What you get from the mega-retailers is stonewalling and canned PR messaging. They are clueless fucks who are busy spending their money on stock buybacks and executive stock options, rather than IT security.
DO NOT SHOP AT HOME DEPOT. Your data is not safe. Via Brian Krebs
Banks: Credit Card Breach at Home Depot Multiple banks say they are seeing evidence that Home Depot stores may be the source of a massive new batch of stolen credit and debit cards that went on sale this morning in the cybercrime underground. Home Depot says that it is working with banks and law enforcement agencies to investigate reports of suspicious activity.
Contacted by this reporter about information shared from several financial institutions, Home Depot spokesperson Paula Drake confirmed that the company is investigating.

This post was published at The Burning Platform on 02 Sept 2014.

Keiser Report: Islamic State Startup (E648)

The following video was published by RT on Sep 2, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Islamic State resembling the Taliban with oil fields – ie a whole lot like Oklahoma. They also discuss the new Misery Index, which shows labor force participation and velocity of money plunging. Meanwhile, back in America naked incidents are on the rise and, in Europe, suicide tourism rises four-fold. In the second half, Max continues his interview of bitcoin mogul, Trace Mayer, about bitcoin, central banking and geopolitics.

Back to the future

London, England
[Editor’s note: This missive was penned by Tim Price of PFP Wealth Management in the UK, a frequent contributor to Sovereign Man] ‘Sir, Arnaud Montebourg, the former French economy minister and the sourest note in the Hollande repertoire, dares to complain of ‘absurd’ austerity policies ? (‘Hollande purges cabinet following leftwing revolt’, August 26.) If those policies are absurd, it is because they were not accompanied by the structural reforms so badly needed to make the French economy healthy. I am speaking of long outdated redundancy and seniority labour laws, oppressive regulations for the business sector and the unbearable bureaucratic roadblocks that stand in the way of start-ups.
‘To these, one can also add the traditional Gallic mindset of envy, if not outright hostility, towards those French citizens and other Europeans who are willing to work longer, harder and smarter and want to make good money; a mindset that Mr Montebourg never hesitated to parade before the world. Now that he and his cohorts on the left of the Socialist party have departed the government, perhaps Franois Hollande can move forward and leapfrog France from the 19th to the 21st century.’
– Letter to the FT from Stan Trybulski, Branford, Connecticut, 28th August 2014.
‘There’s a great deal of ruin in a nation.’ – Adam Smith.
‘You will never understand bureaucracies until you understand that for bureaucrats, procedure is everything and outcomes are nothing.’ – Thomas Sowell.
Much of what we think we know isn’t necessarily so. The invention of the printing press with movable type? Traditionally credited to fifteenth-century Germany and Johannes Gutenberg, it was actually invented in eleventh-century China. Paper also originated in China long before it was used in the West. As did paper money and toilet paper (albeit today, these are pretty much interchangeable). English agriculturalist Jethro Tull is widely credited with the discovery of the seed drill in 1701. It was in fact invented by the Chinese 2,000 years beforehand. The first blast furnace for iron smelting is associated with Coalbrookdale – tragically close to schools in the West Midlands. It was actually introduced by the Chinese before 200 BC. The Chinese were also first to use the fishing reel, matches, the magnetic compass, playing cards, the toothbrush and the wheelbarrow. Perhaps even golf. So how did a society apparently so dynamic and innovative by comparison with the West then enter a centuries’ long decline?

This post was published at Sovereign Man on September 1, 2014.

Obama Has No Middle East Strategy? Good!

Last week President Obama admitted that his administration has not worked out a strategy on how to deal with the emergence of the Islamic State in Iraq and Syria (ISIS) as a dominant force in the Middle East. However, as ISIS continues its march through Syria and Iraq, many in the US administration believe it is, in the words of Defense Secretary Chuck Hagel, a threat ‘beyond anything we have ever seen.’ Predictably, the neocons attacked the president’s speech. They believe the solution to any problem is more bombs and troops on the ground, so they cannot understand the president’s hesitation. Chairman of the House Armed Services Committee Buck McKeon made it clear that fighting ISIS is going to cost a lot more money and will bring US forces back to Iraq for the third time. The post-Iraq, post-Afghanistan peace dividend disintegrates. Mr. McKeon said last week:
ISIS is an urgent threat and a minimalist approach, that depends solely on FY15 funding or pinprick strikes that leave fragile forces in Iraq and Syria to do the hard fighting, is insufficient to protect our interests and guarantee our safety in time.
What does this mean in practice? If the neocons have their way, the Federal Reserve will ‘print’ more money to finance another massive US intervention in the Middle East. In reality this means further devaluation of the US dollar, which is a tax on all Americans that will hit the poorest hardest.

This post was published at Ron Paul Institute on sunday august 31, 201.

Obamacare Fine Print: Beware the Medicaid and Medi-Cal Clawbacks and Liens

Obamacare greatly expanded Medicaid coverage, but there is a hidden gotcha that may come back and haunt your heirs for benefits you receive from age 55-64.
This is not new news, but few read and understand the “fine print”.
In a warning about the “fine print” and in response to Moral Dilemma: Should a Libertarian Who Does Not Need Food Stamps, but Qualifies for Them, Take Them? reader “TL” writes …
Hello Mish,
Your friend Steven may want to carefully research taking Medi-Cal benefits.
Medi-Cal, and many other state Medicaid programs include a ‘claw-back’ provision for recovery of costs incurred by the state to provide medical care. While there is much variation in particulars from one state to another, the bottom line is these costs include a monthly ‘administrative fee’
The ‘claw-back’ mechanism functions via the state placing ‘liens’ on individual assets at the point the Medicaid recipient reaches age 55, then recovers the money at the point the Medicaid recipient dies by ‘seizing’ the money from the estate.

This post was published at Global Economic Analysis on Saturday, August 30, 2014.