Alan discusses the contradictions in President Obamas recent speech regarding the NSA and then discusses the death spiral of Obamacare and Germanys efforts to repatriate their gold. Todd vents on the Feds money printing. Tom Essaye describes the markets likely reaction to the end of QE. Charles Goyette talks about our hapless media. Brett Bitner discusses the difficulty third parties face when attempting to gain ballot access. The show ends with an engaging conversation with Andrew Huszar, the former Fed official in charge of QE 1.