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JPK got inside info about the impending Crash of '29? Who's the Nostradamus who clued him in to that one?^If you get inside info to get out one year before the crash like JPK did in 1928 do me a favor and send me a private message.
^If you get inside info to get out one year before the crash like JPK did in 1928 do me a favor and send me a private message.
JPK got inside info about the impending Crash of '29? Who's the Nostradamus who clued him in to that one?^If you get inside info to get out one year before the crash like JPK did in 1928 do me a favor and send me a private message.
^ I don't know, I'm not sure if that is confirmed fact, but JPK was one shady character, there's no doubt. ExtraStout probably knows more about it than I do.
This is from wikipedia:
"Kennedy formed alliances with several other Irish-Catholic money men, including Charles E. Mitc , Michael J. Meehan and Bernard Smith. He helped establish the Libby-Owens-Ford stock pool, an arrangement in which Kennedy and colleagues created an artificial scarcity of Libby-Owens-Ford stock to drive up the value of their own holdings in the stock. Using inside information, and the public's lack of knowledge, a pool operator would bribe journalists to present that information in the most advantageous manner. The stocks would then change in price up or down depending on the position favored by the pool.
Kennedy got out of the market in 1928, the year before the Crash, locking in multi-million dollar profits."
He was an admitted anti-semite, and didn't think the Nazi's were doing much wrong with respect to the Jews:
"On June 13, 1938, Kennedy met with Herbert von Dirksen, the German ambassador in London, who reported to Berlin that Kennedy had told him that "it was not so much the fact that we want to get rid of the Jews that was so harmful to us, but rather the loud clamor with which we accompanied this purpose. [Kennedy] himself fully understood our Jewish policy."[10] Kennedy's main concern with such violent acts against German Jews as Kristallnacht was that they generated bad publicity in the West for the Nazi regime, a concern he communicated in a letter to Charles Lindbergh.[11]"
The Fed knew what was about to go down in 1928; I'm sure JPK had ties to them somehow.
^^Kennedy also loved the fact that country went dry. He made
a mint on being a bootlegger.
In order for the Euro to play more of a 'dominant roll' in the world-wide 'oil currency' game there needs to be many more Euros printed first. It's easy to say that the Euro will displace the dollar as the reserve currency of choice in the case of a massive dollar devaluation, but if there aren't enough Euros in foreign banks to cover large transactions the world may have to go to a system of mixed currencies including the Euro, the Yen, and other foreign currencies.
That said, when it comes down to protecting its financial interests, including the value of your currency, through willingness to use military might, there is still no equal to the U.S...
That's essentially correct. Even today, as the dollar continues to lose value against foreign currencies, oil-exporting countries are demanding more 'worth-less' dollars for the same oil. This is why the median price of gas is increasing in the long-term. The short-term increases are due mainly to refinery es.If the dollar loses half its value, we're paying $5.50 a gallon at the pump instead of $3, without the intrinsic price of oil changing at all.
..but your forgetting that those 'negative effects' will really only really effect the working poor and the middle-class. The rich and the very rich don't own a lot of cash, but they own a lot of stock in companies that can easily be converted to other types of currency very quickly.The export and debt repayment benefits of a much cheaper dollar will be far outweighed by the negative effects.
Great video:
Our Economy Right Now
Interesting.
After watching that I found this one on youtube about the dollar. Even Al Jazeera gets it!
http://www.youtube.com/watch?v=GbPet...elated&search=
Here is another good series:
The Crash_The Coming Financial Collapse of America
bump.
RG,
I've done a 180 on health care. A single "PAYOR" not "Provider" system is what we need.
ditto
ditto
Ditto to what?
Dont ask. This is the guy who starts threads with very long les and then a three-word thought provoking post like "told ya so", which you expect to be a url link, but in fact is just a 3-word nothing phrase.
A-freaking Men. Glad to see someone understands it. Health care costs are already socialized because the bill is passed on for the ridiculously expensive ER trips which bankrupt many Americans who can't get insurance companies or Medicare to chip in. These costs are passed on by hospitals through higher preimiums.
Given that they are already socialized, the net costs of the system would gradually decline over time on a per capita basis after the initial upfront investment if the 15% of Americans and the XX% of Americans who are currently without insurance of any sort or underinsured would actually start going to doctors regularly and diagnosing problems before they progressed and are much more expensive to deal with and treat.
Another factor you never hear the "UHC is crap and will never work" crowd discuss is that healthier people are more productive people. The 2 easiest ways for an economy to sustainably grow are through technological innovation and worker productivity. People who are sick, but lack access to adequate health care miss more work days and are less productive on the job than healthy folks. It sure would nice to see an economy grow again through productivity gains as opposed to an illusory recovery based on cheap money thanks to the Fed or an artificial housing bubble thanks to corporate greed and consumer stupidity, wouldn't it?
Healthcare is not simply an expense, it's an investment in the future. It's a shame that this bailout is going to make us make some tough choices on what programs we can and can't invest in, because Healthcare needs to be addressed. The private sector in the health care industry gives America a very poor ROI relative to the UHC programs in other countries (though admittedly they accomplish a great deal of this through price controls). The system right now is too geared to gouging from drug companies, doctors, and insurance companies.
If your theory was true, that our costs are simply higher because we help people survive through difficult diseases, we shouldn't rank 42nd in the world in Life Expectancy. Especially if you are also arguing that the main reason for our costs is the increase in the baby boomer segment. Our costs per capita should actually be lower since we rank so low in life expectancy. Instead we run 2 to 3 times per capita and % of GDP costs as other industrialized, wealthy nations.
We aren't the only country facing the baby boomer growth either. This is happening in Western Europe as well.
Drugs cost ~3 times in America what they do in the rest of the world. Having en ies and en ies of payers is inefficient (and not only Medicare, the private insurance co's as well). We have much higher administrative costs than other nations plans as well. We also have doctors who gouge patients with numerous and very expensive, unncessary surgeries to fatten their pockets. We have a system where doctors are not compensated on how successful their treatments are to patients, but how expensive and invasive they are. Many doctors chalk this up to "defensive medicine" due to the lack of tort reform. However, pure greed is certainly a factor as well.
It's not too much different in many ways to unscrupulous lenders who weren't straightforward with sucker homebuyers about the long term rafimications of the exotic, untraditional loans which they were selling which had the potential to go up in rate tremendously.
I also think it's comedy to blame the Federal Government for the mess of the housing crisis. That was caused by 3 things:
1) Greedy investment banks and lenders looking to make a quick book by making loans which scored very poorly on a risk: reward basis
2) Sucker consumers who were either too stupid to know what they were getting to or were so blinded by the boom in the housing market that they took illogical and irrational levels of risk
3) Mortgage brokers so hungry for commissions they had no scruples lending to people they knew couldn't afford loans. They are only compensated to consummate deals and have no recourse against them if they are helping underrwrite deals with monstrous default rates.
The amount of fraud in the mortgage industry from brokers and applicants is ridiculous. Appraisers who were so in bed with the banks they were dealing with that they were appraising houses at insanely bloated values (this industry needs serious reform/regulation...unbelievable conflicts of interest in the way they do business) which allowed bad deals to take place.
The government isn't the one who made the terrible loans. The fault lies with the private sector and consumers. The only thing the govt can truly be blamed for is for once again being reactive, instead of proactive.
I know it's popular to blame government for everything and make this a partisan issue, but when you look closely, that's just not a fair assessment. The govt shoulders a very low % of the blame IMO, unless you are referring to their decisions in how to deal with the crisis.
Preventive healthcare does save a ton of money.
Cancer is absolutely cheaper to treat if detected early, not to mention the chances of survival increase significantly as well.
Look at some of the illnesses that really plague our society right now: Diabetes, Heart Problems, High Blood Pressure.
Diabetes and HBP, which can lead to extensive and expensive organ damage are really asymptomatic in most cases. If you aren't going regularly to a primary care physician, you aren't going to notice these until you are well into the progress of the disease, when it's much more expensive to treat and your productivity and economic output potential declines accordingly. You also are going to see Americans make more positive lifestyle changes if they benefit from preventive care more than they do now because primary physicians are the ones who can really help in this regard.
This was a great thread. I learned about the 1930s attempted Fascist coup from Extra Stout.
The general they tried to use was Smedley Butler, the most decorated man in Marine history at the time of his death. He played along and then blew the whistle to Congress, but nothing was done for the reason above.
If you don't know about this plot, now is probably a good time to learn, considering that the descendants (both blood and ideology) are still screwing us over today:
http://en.wikipedia.org/wiki/Business_Plot
Seriously - important stuff there. You'd think they'd teach us that in school.... right?Wonder why public schools have been dumbed down... wonder who would benefit from that... wonder what monied families have been donating their fortunes to public education for a century plus.
Awwww shucks, given the average US teen's knowledge of history, I guess they just don't know what they're doing......
The idea that the US is broke was mentioned on the Glen Beck Show a week ago. Beck went up a notch in my book when he said this at the 4:40 mark:
That's the first time I've ever seen it put point blank like that on one of the news channels.
The great Peter Schiff (or should I say Peter "The Great" Schiff) and some other guy who doesn't seem too bad on Beck's show last week:
...and what do you know, Prescott Bush (great grandfather of our wonderful President and first chairman of the Federal Reserve) was indicated in said plot to overthrow our government.
I hate this government, I hate the elite who actually run it and I hope one day I will have a chance to send my soul to for this country.
The US pays twice as much per capita than every other country with universal health insurance.
12 years later, we still pay more than everybody else, and universal health insurance is still a good idea.
Damn, that's dark. Wonder if he actually succeeded.
LOL. I think this was the dude that told me "I will crush your soul" in some thread
DarkReign had a dark side and did not suffer fools and trolls kindly. But he was a perceptive and thoughtful poster too.
He is missed.
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