''Let us not forget the reality that the US has plunged into levels of debt that we could not have previously imagined; nationalized healthcare has been met with fierce resistance nationwide; States are now litigating the demand for its citizens to sign up and/or be fined and imprisoned. TARP bailouts and stimulus spending have shown little positive effect on the national economy; unemployment is unacceptably high and looks to remain that way for most of a decade; legacy entitlement programs have ballooned to unsustainable levels, and there is a seething anger in the populace. The reality is that the financial crisis in the US now construct in the form of state failure exceeds any problems in Europe. Perspective is now in the marketplace, but reality will carry the day in terms of trend. Gold will trade at $1650 and better. The US dollar is no safe haven from anything.''
Jim Sinclair, Gold Market Analyst (www.JSMineSet.com March 25th)
Showing posts with label healthcare. Show all posts
Showing posts with label healthcare. Show all posts
Saturday, March 27, 2010
Friday, March 26, 2010
Eating Ice Cream In The Forest
Boy, the angry mob just got more angry this week. "Obamacare" set off the latest fireworks. As our VP said, "This is a big f**king deal!". Way to go Joe.
To state once again, being non-partisan, one can analyze a situation with a non-biased and unemotional perspective. The emotions are riding high these days. My email box is "on fire" the past few days with emails about Hitler, the collapsing US empire, and some cute little tales about kids running for office by promising ice cream.
So my question is, "does anyone think for themselves anymore?". All I hear from friends, associates, strangers, and the yahoos on TV is regurgitated political garbage. Does anyone actually research anything and form their own opinion? I can tell you exactly what a Republican or Democrat will say today. I'm not sure if "sheeple" or "zombies" is the best analogy.
As predicted on election day, President Obama will be the fall guy. A 28 year cycle has come to an end and someone has to hold the "hot potato". The fear is just amazing. Can you imagine if Obama passed the Patriot Act??? Wow. The Hitler emails would be ten fold.
Dubya was smart. He created the great "boogeyman" to scare the sheeple before he passed the Patriot Act and invaded the richest oil region in the world. Herding mammals "come together" when in fear. Once tightly together, selling these initiatives was easy. Most don't even know what the Patriot Act is or allows because they were hiding from the boogeyman when it quickly passed through our governing bodies.
Why didn't anyone protest that Dubya created the least jobs per year than any president in the last 11 presidents?
http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/tab/article/
Over Bush's two terms, the Dow Jones Industrial Average dropped 28%! Over eight years, you not only didn't grow your retirement account, but you lost over a quarter of it. So, again I ask, "where was the tea party?".
When Bush left office, the US had $55,000,000,000,000 of unfunded liabilities! That's 55 trillion! He left us with record debt. Where was the tea party? You might want to make the 32.5 minute investment again:
http://randomroving.blogspot.com/2009/02/325-minute-investment.html
Passing legislation for healthcare is a little more challenging. How do you create a "healthcare boogeyman". The "haves" already have coverage, so they risk losing something. Obama didn't take my advice to complete some short passes first!
Where is the Wall Street boogeyman? There has not been one change in the SEC rules since the meltdown. Amazing isn't it? Where are the teaparty protestors? I guess that they were not Madoff or Stanford victims. Why doesn't Sean, Ann, Glenn, and Bill throw a tea party asking for changes in the SEC? You don't want to know the answer to that one.
Well folks, stay calm and realize that there's more to come. Keep "the cycle model" in mind when you watch the news at night. If you know the "hurricane is coming", you won't be surprised and panic. It's time to distinguish the "forest from the trees".
To state once again, being non-partisan, one can analyze a situation with a non-biased and unemotional perspective. The emotions are riding high these days. My email box is "on fire" the past few days with emails about Hitler, the collapsing US empire, and some cute little tales about kids running for office by promising ice cream.
So my question is, "does anyone think for themselves anymore?". All I hear from friends, associates, strangers, and the yahoos on TV is regurgitated political garbage. Does anyone actually research anything and form their own opinion? I can tell you exactly what a Republican or Democrat will say today. I'm not sure if "sheeple" or "zombies" is the best analogy.
As predicted on election day, President Obama will be the fall guy. A 28 year cycle has come to an end and someone has to hold the "hot potato". The fear is just amazing. Can you imagine if Obama passed the Patriot Act??? Wow. The Hitler emails would be ten fold.
Dubya was smart. He created the great "boogeyman" to scare the sheeple before he passed the Patriot Act and invaded the richest oil region in the world. Herding mammals "come together" when in fear. Once tightly together, selling these initiatives was easy. Most don't even know what the Patriot Act is or allows because they were hiding from the boogeyman when it quickly passed through our governing bodies.
Why didn't anyone protest that Dubya created the least jobs per year than any president in the last 11 presidents?
http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/tab/article/
Over Bush's two terms, the Dow Jones Industrial Average dropped 28%! Over eight years, you not only didn't grow your retirement account, but you lost over a quarter of it. So, again I ask, "where was the tea party?".
When Bush left office, the US had $55,000,000,000,000 of unfunded liabilities! That's 55 trillion! He left us with record debt. Where was the tea party? You might want to make the 32.5 minute investment again:
http://randomroving.blogspot.com/2009/02/325-minute-investment.html
Passing legislation for healthcare is a little more challenging. How do you create a "healthcare boogeyman". The "haves" already have coverage, so they risk losing something. Obama didn't take my advice to complete some short passes first!
Where is the Wall Street boogeyman? There has not been one change in the SEC rules since the meltdown. Amazing isn't it? Where are the teaparty protestors? I guess that they were not Madoff or Stanford victims. Why doesn't Sean, Ann, Glenn, and Bill throw a tea party asking for changes in the SEC? You don't want to know the answer to that one.
Well folks, stay calm and realize that there's more to come. Keep "the cycle model" in mind when you watch the news at night. If you know the "hurricane is coming", you won't be surprised and panic. It's time to distinguish the "forest from the trees".
Tuesday, March 23, 2010
The Oracle of Healthcare
Buffet on CSPAN elaborating on his perspective of the healthcare crisis.
BUFFET: We have a health system that, in terms of cost, is really out of control, and if you take this line and you project what has been happening into the future, we will get less and less competitive. So, we need something else. Unfortunately, we came up with a bill that really doesn't attack the cost situation that much and we have to have a fundamental change. We have to have something that will end the constant increase in medical cost as a percentage of GDP.
BECKY QUICK: Then, are you in favor of scrapping this and going back to start over?
BUFFETT: I would be -- if I were President Obama, I would just show this chart of what's been happening and say this is the tape worm that's eating at American competitiveness, and I would say that one way or another, we're going to attack cost, cost, cost, just like they talk about jobs, jobs, jobs in the economy. It's cost, cost, cost in this side. That's a tough job. We're spending maybe $2.3 trillion on health care in the United States, and every one of those dollars is going to somebody and they're going to yell if that dollar becomes 90 cents or 80 cents. So, it takes -- but I would try to get a unified effort saying this is a national emergency to do something about this. We need the Republicans, we need the Democrats. We're going to cut off all the kinds of things like the 800,000 special people in Florida or the Cornhusker Kickback, as they called it, or the Louisiana Purchase and we're going to get rid of the nonsense. We're just going to focus on cost and we're not going to dream up 2,000 pages of other things. And I would say as President, I'm going to come back to you with something that's going to do something about this, because we have to do it.
QUICK: Just focus on cost or focus on cost while insuring more people?
BUFFETT: Well, yeah --
QUICK: Is there two different problems?
BUFFETT: Universality -- yeah, I believe in insuring more people, but I don't believe in insuring more people until you attack the cost aspect of this.
BUFFET: We have a health system that, in terms of cost, is really out of control, and if you take this line and you project what has been happening into the future, we will get less and less competitive. So, we need something else. Unfortunately, we came up with a bill that really doesn't attack the cost situation that much and we have to have a fundamental change. We have to have something that will end the constant increase in medical cost as a percentage of GDP.
BECKY QUICK: Then, are you in favor of scrapping this and going back to start over?
BUFFETT: I would be -- if I were President Obama, I would just show this chart of what's been happening and say this is the tape worm that's eating at American competitiveness, and I would say that one way or another, we're going to attack cost, cost, cost, just like they talk about jobs, jobs, jobs in the economy. It's cost, cost, cost in this side. That's a tough job. We're spending maybe $2.3 trillion on health care in the United States, and every one of those dollars is going to somebody and they're going to yell if that dollar becomes 90 cents or 80 cents. So, it takes -- but I would try to get a unified effort saying this is a national emergency to do something about this. We need the Republicans, we need the Democrats. We're going to cut off all the kinds of things like the 800,000 special people in Florida or the Cornhusker Kickback, as they called it, or the Louisiana Purchase and we're going to get rid of the nonsense. We're just going to focus on cost and we're not going to dream up 2,000 pages of other things. And I would say as President, I'm going to come back to you with something that's going to do something about this, because we have to do it.
QUICK: Just focus on cost or focus on cost while insuring more people?
BUFFETT: Well, yeah --
QUICK: Is there two different problems?
BUFFETT: Universality -- yeah, I believe in insuring more people, but I don't believe in insuring more people until you attack the cost aspect of this.
Friday, August 28, 2009
Have The Sheeple Awoken?
The mass social mood continues to shift. Have the sheeple awoken? I argue that it's still just the nerdy white folk.
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