There is No Fix: The Entire System Will Detonate Within the First YearMac Slavo The Patient Affordable Care Act is an unprecedented catastrophe in the making. While millions of Americans are losing their health care coverage within weeks, the health care exchanges advocated by Obamacare supporters are in shambles. So far, a little over 100,000 people have signed up. Moreover, whats important to understand is that none of these people have yet paid a premium, so in essence, those are preliminary numbers. When the monthly bill comes due, well see how many people actually have the money to pay the exorbitant new rates. The key problem is one of basic arithmetic. Remember, what this legislation does is it robs from Paul to pay Peter. This means that the whole system is essentially a pyramid scheme that depends on one group of people paying the premium for those who are the beneficiaries of this free and affordable insurance. As we know all too well, the new rates for those who have to pay into the system aredouble or triple their previous insurance premiums and those newly minted rates actually stand to double again because there is not enough money in the system to provide coverage for everyone. We can sum this up in two words: Unmitigated Disaster. And just so were clear, were not talking about these issues rearing their head a decade or so down the road. Were talking about mere months before the whole thing falls apart. The reality? This number sucks irrespective of so-called technological problems. The system needs 100 times that number to be stable. It wont be. If they manage to get ten times this number in the next six weeks (the cut-off), which is looking to be a fantasy-land impossibility, the entire system will detonate within the first year and provided they force it to survive premiums will see huge increases, likely double or more, a year from now. Let me remind everyone that nobody in the lower and middle class has the money to pay not only for the so-called insurance under these plans which are running roughly twice what everyone is spending now but in addition if you use the so-called insurance the deductibles are frequently double to ten times what you had before. Theres no fix for this folks. The stock market is ignoring a passed law that will cause these impacts starting January 1st and its utterly amusing to watch the SP up 10 and the Naz skyrocketing today (not to mention the retailers) when you look at what this is going to do to peoples budgets coming into the new year with the holidays coming up. The numbers are even worse than I had expected they might be. especially on the federal exchange side. Via Karl Denningers Market Ticker Americans have lost trillions of dollars in wealth in since the crash of 2008. Weve seen jobs wiped out to such an extent that nearly one in four Americans cant find a job. Over 100 million people are living in poverty or right on the edge. And now, on top of all that, those who are fortunate enough to have jobs just got hammered with a doubling and trebling of their insurance rates, which for many American families have risen as high as an entire months mortgage payment. If you think this isnt happening, youre living in a dream world. Your politics are irrelevant to the outcome. What your savior in the White House says makes absolutely no difference. If you want to close your eyes and pretend like its not happening, then reality will hit you square in the face at a high rate of speed in the very near future. The collapse is dead ahead. It cannot be stopped. Expect 2014 to be a rough year for America. You can read more from Mac Slavo at his site SHTFplan.com, where this first appeared. 