The recent headlines say Trump will begin talking about cutting domestic spending next week, essentially moving more money into defense. Thinking people have to ask, why? Doesn't our bloated military industrial complex already have enough? We're in the process of pulling out of Syria, right? What's this extra budget needed for?
If the move to cut domestic spending is to stop racking up debt and balance the budget then I think it is a good thing. But if that is the case, why spend more on defense? Why not spend less on them too? The plan talked about in the article looks to try to balance the budget in 15 years. I can tell you with certainty, that will never happen because it's waaaaay too far out there. That is a total pipe dream and even if Trump is sincere, he won't be in office for most of that time and the next president will stop all of the austerity measures the first time there is another economic down turn.
I suspect most Americans do not understand the existential threat that we face as a nation even though the ideology differences that underpins this threat are on public display daily, just as I said they would be as a major sign of the impending collapse of the Global Debt Ponzi. The overarching threat to our national security is our debt. At some point we are going to admit that we cannot pay it off. Trump already told us that as soon as interest rates go up or the economy goes into recession making our debt more obviously unpayable even to those who are slow on the uptake, that he was going to haircut the creditors.
If you default domestically then you risk a coup. If you are worried about that then keep your friends close and your military closer. And there is nothing like paying out bribes to our military industrial complex for garnering their support. Clearly the opposing force would promise them the moon and stars if they will only switch alliances. So the smart play is for the existing boss to cement that relationship before shit goes down.
If you default internationally then you risk a war. You borrowed something and now you don't want to pay it back. And failure to pay it back means that others who thought they were solvent because of what you owed them are now just as insolvent as you are. If a global war is brewing then again it will be well advised to keep the military well funded going into that.
Neither of these sound too great for the common man but what in the fuck did you think was going to happen by sitting back and saying nothing as they ran the debt to the moon without even using the money to upgrade our infrastructure. Ignorance of what money is and acceptance of fake money as if it were real will certainly catch up to all of us at some point. And since the function is exponential, likely sooner than most people think is even possible. Time compression, as I have clearly stated several times in the past, is a major artifact of exponential functions. If someone says "I never even saw it coming" then you can be pretty sure there was an exponential component in there. And our debt is clearly going exponential. Unfortunately, there is no correct path that if taken just right by a smart person will avoid the coming collapse in whatever form it might take. The damage is already done. The ship is full of holes and it is overwhelming the bilge pumps.
Saturday, March 9, 2019
Hell hath no fury like a liberal scorned.
In my earlier coverage of Smollett's fake hate crime I noted very specifically how the ChiTown cops sent out a high ranking black man to not only discuss the progress in the case but to essentially try the case and convict Smollett in the court of public opinion. Not only did the cops accuse him of the crime but also opined upon the amorality of having done it. This, as I pointed out, is not the place of the cops. So you just had to know damned well Smollett was in for it after that went down.
Well, now we know that Smollett is toast because the government has handed down no less than 16 indictments upon him. They have already tried him in the public eye and found him guilty (which he certainly is). So now we might as well already just move to the punishment phase. And oh, is there ever going to be punishment for this.
But by "this" I do not refer to the crime that he committed. No, I'm sorry, he deserves 1-2 indictments which should be felony gigs; 4-6 years in prison seems about fair for what he did. But the prosecutor stayed up all night thinking about every single attack angle to hit him with. Smollett's lawyer is right. This is overkill. This is not how an impartial legal system works. This, my friends, is personal.
So how did it get personal? Simple: Smollett tried to con everyone with his fake story, but the only ones who bought it hook line and sinker was the liberals. And not just liberals, the liberal propaganda establishment. You know, the ones who put themselves out there as social intellectuals, smarter than the rest of us. All of the big names went "all in" on believing his story and bloviating in print and on the air live about how bad the black man has it in our "racist" country. To characterize this as foot in mouth would be a gross understatement. These rabid and semi rabid liberals jumped into the deep end and now little seems to separate them from the man that they showed such great emotional concern for. They now feel betrayed and even used by Smollett with his fake story and insincere and dishonest crocodile tears.
And so that's why Smollett can expect zero breaks in this: he humiliated those liberal fools who went "all in" on his defense and so they are now going to extract their revenge by making an example of him. That was his biggest offense, not lying to the police.
Well, now we know that Smollett is toast because the government has handed down no less than 16 indictments upon him. They have already tried him in the public eye and found him guilty (which he certainly is). So now we might as well already just move to the punishment phase. And oh, is there ever going to be punishment for this.
But by "this" I do not refer to the crime that he committed. No, I'm sorry, he deserves 1-2 indictments which should be felony gigs; 4-6 years in prison seems about fair for what he did. But the prosecutor stayed up all night thinking about every single attack angle to hit him with. Smollett's lawyer is right. This is overkill. This is not how an impartial legal system works. This, my friends, is personal.
So how did it get personal? Simple: Smollett tried to con everyone with his fake story, but the only ones who bought it hook line and sinker was the liberals. And not just liberals, the liberal propaganda establishment. You know, the ones who put themselves out there as social intellectuals, smarter than the rest of us. All of the big names went "all in" on believing his story and bloviating in print and on the air live about how bad the black man has it in our "racist" country. To characterize this as foot in mouth would be a gross understatement. These rabid and semi rabid liberals jumped into the deep end and now little seems to separate them from the man that they showed such great emotional concern for. They now feel betrayed and even used by Smollett with his fake story and insincere and dishonest crocodile tears.
And so that's why Smollett can expect zero breaks in this: he humiliated those liberal fools who went "all in" on his defense and so they are now going to extract their revenge by making an example of him. That was his biggest offense, not lying to the police.
Friday, March 8, 2019
Interesting vid from Mike Maloney
Maloney has done his homework and is looking at the right thing which is debt. I mean, how can anything else matter when we are coming into the end times of an historic debt Ponzi? I think it is well worth a few minutes of everyone's time to go watch his short 7 minute video where the chart below is the centerpiece. It essentially says that corporations and government debt are the big risk for the next collapse. Debt fueled stock buy backs will come back to haunt.
Wednesday, March 6, 2019
Christian baker 2, Colorado Gay Advocay Center 0.
As a follow on this this series of posts, be it known that things are working out for the Christian baker from Colorado exactly as I predicted they would. Today we see that an attempt to do an end around the recent SCOTUS loss for the gay team on this issue was again batted down by the courts. Essentially, as you can see from this article excerpt, they tried to entrap the baker with a 2nd "civil rights abuse" case:
On June 26, 2017, the same day that the U.S. Supreme Court agreed to take up Masterpiece Cakeshop v. Colorado Civil Rights Commission, an attorney asked cake artist Jack Phillips to create a cake designed pink on the inside and blue on the outside, which the attorney said was to celebrate a gender transition from male to female. Phillips declined the request because the custom cake would have expressed messages about sex and gender identity that conflict with his religious beliefs. Less than a month after the Supreme Court ruled for Phillips in his first case, the state surprised him by finding probable cause to believe that Colorado law requires him to create the requested gender-transition cake.
So rabidly crazy was that Colorado gay advocacy commission that they actually sent their lawyer agent to the baker in order to see if he would also spit in the face of transgenderism the same way he did to homosexuality. Whereas a liberal would have probably caved in and baked the cake, Christian conservative Jack Phillips minced no words and gave no ground. In his mind there is a right and a wrong and he will not be part of what he considers to be wrong. That is conservative thinking.
So not only is there now precedent that not serving gays is a matter of personal choice, but so is not serving trannies. And that is as it should be. In fact, if someone doesn't want to serve blacks or whites or yellows or rainbow then who in the fuck is government to say otherwise? In other words, fucking government is not the boss of free people!
Of course this is a two edged sword. If The Christian guy goes out of business because the gays and trannies all go to his competitor then that's just tough shit on a stick for the baker. If you are going to have principles, stick to them and accept the consequences. But NOBODY should be able to go running to big brother amoral government and use the power of the gun to force them into doing something they don't want to do. That's slavery and we are supposed to be past that here in 2019.
On June 26, 2017, the same day that the U.S. Supreme Court agreed to take up Masterpiece Cakeshop v. Colorado Civil Rights Commission, an attorney asked cake artist Jack Phillips to create a cake designed pink on the inside and blue on the outside, which the attorney said was to celebrate a gender transition from male to female. Phillips declined the request because the custom cake would have expressed messages about sex and gender identity that conflict with his religious beliefs. Less than a month after the Supreme Court ruled for Phillips in his first case, the state surprised him by finding probable cause to believe that Colorado law requires him to create the requested gender-transition cake.
So rabidly crazy was that Colorado gay advocacy commission that they actually sent their lawyer agent to the baker in order to see if he would also spit in the face of transgenderism the same way he did to homosexuality. Whereas a liberal would have probably caved in and baked the cake, Christian conservative Jack Phillips minced no words and gave no ground. In his mind there is a right and a wrong and he will not be part of what he considers to be wrong. That is conservative thinking.
So not only is there now precedent that not serving gays is a matter of personal choice, but so is not serving trannies. And that is as it should be. In fact, if someone doesn't want to serve blacks or whites or yellows or rainbow then who in the fuck is government to say otherwise? In other words, fucking government is not the boss of free people!
Of course this is a two edged sword. If The Christian guy goes out of business because the gays and trannies all go to his competitor then that's just tough shit on a stick for the baker. If you are going to have principles, stick to them and accept the consequences. But NOBODY should be able to go running to big brother amoral government and use the power of the gun to force them into doing something they don't want to do. That's slavery and we are supposed to be past that here in 2019.
Sunday, March 3, 2019
The unintended consequences of the liberal shark jump
To liberal idiots, this whole "I identify as (put some ridiculous shit here)" movement sounded great at the beginning. After all, it was spitting in the face of conventionality and living a free spirit life, free from truth, free from science, free from everything except the Walter Mitty fantasy of their mental disorder. I do appreciate the fact that they didn't give a shit about what the overall herd thinks about them and for that they should get their just due. But cutting off one's nose to spite one's face can only receive limited applause even if it does have some beneficial aspects.
I was always OK with gender self identification as a circus side show until it began hurting others. After all, Libertarians live and let live. That doesn't mean we have to like what we see, but we don't think it is our place to step in and force those who are not hurting others to change their ways, no matter how silly or crazy their actions may appear. But we are now starting to see where things are in fact beginning to hurt others. Case in point is the new wave of fake female athletes like "CeCe" Telfer who the Daily Wire correctly pegs as "a dude".
Telfer is now stealing the trophies and notoriety that belong to legitimate female athletes. The human herd loves a winner, and winning in sports can lead to lucrative sponsorships and other opportunities including movie roles (such as we recently saw with Rhonda Rousey in The Expendables 3 working with the likes of Stalone, Statham, Schwarzeneger and Snipes). Number 1 in a field always gets the big money because nobody ever heard of #2. Telfer was never good enough competing as a man to be #1 is now stealing that #1 slot from the rightful owners of it in the women's division just by proclaiming to be a woman.
The rabid liberals love to see gender defections but now many liberal leaners in women's sports are starting to wonder if the whole thing wasn't just another ManPlot to take over everything. There is a reason that we have men and women's divisions in sports and those divisions exist for the same reasons as blacks dominate the really heavy physical pro sports. It's called DNA. While this woman or that can beat this man or that one in physical endeavors, the best men at something physical are ALWAYS better than the best women at those same physical endeavors. Men got bodies that were on average, more suited to the physical activities.
This spotlight theft by woman wannabes is putting a knife into the liberal fantasy of gender self identification because even liberals do not like to see injustices done to their own. They have to view this as a male rip off of what rightfully belongs to a woman. And if CeCe gets away with it, where does it end? It's completely obvious that if they allow it to go on unchecked then women's sports will be overrun by men wearing weaves. So this insanity will eventually get policed by the liberal community even though it will be done in a totally hypocritical fashion. They will have to totally backtrack on the flat Earth-esque (i.e. delusional and crazy) notion that gender is a state of mind. They will do it because there is money involved. But hey, hypocrisy is a liberal trait so that is only par for the course.
I was always OK with gender self identification as a circus side show until it began hurting others. After all, Libertarians live and let live. That doesn't mean we have to like what we see, but we don't think it is our place to step in and force those who are not hurting others to change their ways, no matter how silly or crazy their actions may appear. But we are now starting to see where things are in fact beginning to hurt others. Case in point is the new wave of fake female athletes like "CeCe" Telfer who the Daily Wire correctly pegs as "a dude".
Telfer is now stealing the trophies and notoriety that belong to legitimate female athletes. The human herd loves a winner, and winning in sports can lead to lucrative sponsorships and other opportunities including movie roles (such as we recently saw with Rhonda Rousey in The Expendables 3 working with the likes of Stalone, Statham, Schwarzeneger and Snipes). Number 1 in a field always gets the big money because nobody ever heard of #2. Telfer was never good enough competing as a man to be #1 is now stealing that #1 slot from the rightful owners of it in the women's division just by proclaiming to be a woman.
The rabid liberals love to see gender defections but now many liberal leaners in women's sports are starting to wonder if the whole thing wasn't just another ManPlot to take over everything. There is a reason that we have men and women's divisions in sports and those divisions exist for the same reasons as blacks dominate the really heavy physical pro sports. It's called DNA. While this woman or that can beat this man or that one in physical endeavors, the best men at something physical are ALWAYS better than the best women at those same physical endeavors. Men got bodies that were on average, more suited to the physical activities.
This spotlight theft by woman wannabes is putting a knife into the liberal fantasy of gender self identification because even liberals do not like to see injustices done to their own. They have to view this as a male rip off of what rightfully belongs to a woman. And if CeCe gets away with it, where does it end? It's completely obvious that if they allow it to go on unchecked then women's sports will be overrun by men wearing weaves. So this insanity will eventually get policed by the liberal community even though it will be done in a totally hypocritical fashion. They will have to totally backtrack on the flat Earth-esque (i.e. delusional and crazy) notion that gender is a state of mind. They will do it because there is money involved. But hey, hypocrisy is a liberal trait so that is only par for the course.
Saturday, March 2, 2019
Debt based growth is a total scam
Right now the economy looks good. Unemployment is very low and corporations are
beating their quarterly numbers. But
just below the surface lies a major scam that is invisible to most people.
For now.
65% of our “GDP” is consumption. This is what the government says. The chart is from the St. Louis “FRED” site. The media parrots this all the time without even thinking about the ridiculousness of the basic statement wherein Product is measured in consumption! Consumption is not product! It is not output. It is not production. It is simply consumption. So the whole metric is stupid and misleading but it does tell us that consumption, not production, is keeping the GDP number high. And one of the main metrics that creditors use in determining interest rates to charge debtors is debt to GDP.
For now.
65% of our “GDP” is consumption. This is what the government says. The chart is from the St. Louis “FRED” site. The media parrots this all the time without even thinking about the ridiculousness of the basic statement wherein Product is measured in consumption! Consumption is not product! It is not output. It is not production. It is simply consumption. So the whole metric is stupid and misleading but it does tell us that consumption, not production, is keeping the GDP number high. And one of the main metrics that creditors use in determining interest rates to charge debtors is debt to GDP.
It would be one thing if we were earning that
consumption. But we aren’t and we haven’t
been for a long time. Being in debt
means you borrowed from tomorrow’s production in order to consume something
today. It means you have to earn way more tomorrow in order to consume tomorrow
at the rate you are consuming today because you not only have to pay back the
loan, but interest as well. Economic
children love to believe that you can sustainably grow the economy, which they
also measure in GDP, by growing the debt.
Well, if GDP is measured mainly by consumption then for a period of time they appear to be right. After all, can you not live in a
better house, drive a nicer car and wear nicer clothing if you are just charging
everything to a credit card that you don’t pay off each month?
So there is no doubt that using debt can grow the economy for a while, but it is absolutely childish and will ultimately prove to be self-destructive to believe that this is in some way sustainable. In fact, it works exactly like a Ponzi because it IS a Ponzi. GDP doesn’t stand for Gross Domestic Product. It stands for Global Debt Ponzi. At the start of the debt based growth scam it appears to work great. A little debt increases the GDP by a lot. Over time that flattens and then begins to reverse where adding more debt not only produces no more positive growth, but actually negative growth. But you can’t stop because without adding more debt it would get worse even faster. And that is when the trap is sprung and the debt spiral takes over.
Once we are loaded up on debt and debt stops buying growth, people stop wanting to loan more into the system at low rates. Sure they will loan more, but not at 2%. The start wanting 5, 7, 10%. Why? Because the debt:GDP ratio starts to look too high. But if they don’t loan us money to continue consuming as we have been, consumption must drop. And this is where it really gets bad. Not taking on more debt does not stop the rise of debt:GDP simply because the the debt numerator might remain constant but the GDP denominator begins to plunge. I hope you can see how this boom and bust scam of a system, like every Ponzi, has the bust built into the math of it right from day one.
We have $22 trillion in debt in this country, much of it in shorter duration paper. We could not pay the bills back when we were borrowing so nothing will allow us to pay off any debt in the future. Thus even in the unlikely case that we are not taking on new debt, we must roll over any existing debt that matures. That roll over will not happen at zero percent or 2 percent or even 5 percent. Once the growth disappears, the interest rates move up quickly. The debt pushers now know that the debt drug user is hooked and either has to pay up or default. Sovereign default is a big big deal. It can change the very structure of a country.
The USSR deunified back in 1992 when it could no longer finance the bribes needed to stay unified. The US federal government has been doing the same thing, borrowing money and then doling it out to the states like a benevolent master in order to bribe states to stick together under federal rule. When the feds lose the ability to do that we are at great risk that conservative states will want to divorce the liberal debt centers of this country. And that's how the United States of America becomes the sovereign nations of Texas and Alaska and the northern territories and the western communist alliance and the eastern seaboard socialistic democracy. You get the point.
So we will try to pay up. But how? If growth is down, how do you raise taxes? We should have been raising taxes all this time when times were good. But instead we have been cutting taxes into peak good times. But hey, the stock market is going up so that’s good, right? Well, yes, for now. But look at WHY it’s going up and it should scare the shit out of anyone with a brain. You see, corporations have been using cheap debt in order to buy back shares. That makes their earnings per share look better (i.e. fake growth) and thus deserving of a higher price. But that will certainly stop as soon as interest rates go up. Corporations are buying higher EPS using debt and when they stop doing this, EPS growth will stop and thus the shares will sell off because of lack of growth prospects. At that point all that will be left is crushing debt in a rising interest rate environment.
In 1989 the USSR had no idea that just a few short years later the country would collapse. This is the future of the USA and those debt pushers, those purveyors of fake money have brought us to it. Also, liberal thinking has begged for it. As usual, they have been the loudest beggars for "more debt" and when it all collapses they will be the loudest crybabies and the most angry disillusioned among us. Liberals will read this today and say "it's never going to happen" because in their world unicorns fart and rainbow money falls from the sky. They identify with being rich and so, damn it, they want to live like it.
But to me it is 100% obvious what is going to happen and if you want to know the "when" about it, keep your eye on the gold price. Gold is the only thing that can credibly call bullshit on the fake money supply. It's coming folks. I gave you a Christmas gift in my model for AGI in this post. That bottoming call missed the exact bottom by 3 days. Gold is likely going to be much higher 6 months from now than today. Not because I want it to but rather because the Elliott wave model is telling us so. The same model that I provided for AGI. AGI is just a junior miner whose price will trade in general with the price of gold.
So there is no doubt that using debt can grow the economy for a while, but it is absolutely childish and will ultimately prove to be self-destructive to believe that this is in some way sustainable. In fact, it works exactly like a Ponzi because it IS a Ponzi. GDP doesn’t stand for Gross Domestic Product. It stands for Global Debt Ponzi. At the start of the debt based growth scam it appears to work great. A little debt increases the GDP by a lot. Over time that flattens and then begins to reverse where adding more debt not only produces no more positive growth, but actually negative growth. But you can’t stop because without adding more debt it would get worse even faster. And that is when the trap is sprung and the debt spiral takes over.
Once we are loaded up on debt and debt stops buying growth, people stop wanting to loan more into the system at low rates. Sure they will loan more, but not at 2%. The start wanting 5, 7, 10%. Why? Because the debt:GDP ratio starts to look too high. But if they don’t loan us money to continue consuming as we have been, consumption must drop. And this is where it really gets bad. Not taking on more debt does not stop the rise of debt:GDP simply because the the debt numerator might remain constant but the GDP denominator begins to plunge. I hope you can see how this boom and bust scam of a system, like every Ponzi, has the bust built into the math of it right from day one.
We have $22 trillion in debt in this country, much of it in shorter duration paper. We could not pay the bills back when we were borrowing so nothing will allow us to pay off any debt in the future. Thus even in the unlikely case that we are not taking on new debt, we must roll over any existing debt that matures. That roll over will not happen at zero percent or 2 percent or even 5 percent. Once the growth disappears, the interest rates move up quickly. The debt pushers now know that the debt drug user is hooked and either has to pay up or default. Sovereign default is a big big deal. It can change the very structure of a country.
The USSR deunified back in 1992 when it could no longer finance the bribes needed to stay unified. The US federal government has been doing the same thing, borrowing money and then doling it out to the states like a benevolent master in order to bribe states to stick together under federal rule. When the feds lose the ability to do that we are at great risk that conservative states will want to divorce the liberal debt centers of this country. And that's how the United States of America becomes the sovereign nations of Texas and Alaska and the northern territories and the western communist alliance and the eastern seaboard socialistic democracy. You get the point.
So we will try to pay up. But how? If growth is down, how do you raise taxes? We should have been raising taxes all this time when times were good. But instead we have been cutting taxes into peak good times. But hey, the stock market is going up so that’s good, right? Well, yes, for now. But look at WHY it’s going up and it should scare the shit out of anyone with a brain. You see, corporations have been using cheap debt in order to buy back shares. That makes their earnings per share look better (i.e. fake growth) and thus deserving of a higher price. But that will certainly stop as soon as interest rates go up. Corporations are buying higher EPS using debt and when they stop doing this, EPS growth will stop and thus the shares will sell off because of lack of growth prospects. At that point all that will be left is crushing debt in a rising interest rate environment.
In 1989 the USSR had no idea that just a few short years later the country would collapse. This is the future of the USA and those debt pushers, those purveyors of fake money have brought us to it. Also, liberal thinking has begged for it. As usual, they have been the loudest beggars for "more debt" and when it all collapses they will be the loudest crybabies and the most angry disillusioned among us. Liberals will read this today and say "it's never going to happen" because in their world unicorns fart and rainbow money falls from the sky. They identify with being rich and so, damn it, they want to live like it.
But to me it is 100% obvious what is going to happen and if you want to know the "when" about it, keep your eye on the gold price. Gold is the only thing that can credibly call bullshit on the fake money supply. It's coming folks. I gave you a Christmas gift in my model for AGI in this post. That bottoming call missed the exact bottom by 3 days. Gold is likely going to be much higher 6 months from now than today. Not because I want it to but rather because the Elliott wave model is telling us so. The same model that I provided for AGI. AGI is just a junior miner whose price will trade in general with the price of gold.
Friday, March 1, 2019
Patently Ridiculous
I just received an email from closet liberal US Senator from Texas, John Cornyn, a chump that has been selling conservatives down the river pretty much his whole time in office. The content of his email is below.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Patently
Ridiculous
This week, the Senate held another hearing examining the rising price of prescription drugs.
I questioned the CEO of AbbVie, the company that makes one of the world’s best-selling prescription drugs, Humira.
The price of that drug has increased more than 100 percent between 2012 and 2018, a ridiculous jump for medication so many people in Texas rely on.
AbbVie has amassed 136 patents on Humira to protect its exclusivity, applying for new ones just as the old ones are ready to expire. This limits competition that would normally lower the price.
My message was that at some point, exclusivity needs to end so lower-cost options can come to the market, offering patients more options.
Making sure Texans have access to their medication at a price they can afford remains one of my top priorities, and I look forward to continuing to work on this issue throughout this Congress.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
After reading this, most people will probably be nodding their heads and saying "yup, our government working for us". But as a Libertarian, I HATE the notion of Closet Communist Cornyn using the power of the gun, that is, the power of big government, to bully corporations into helping them to buy votes. Cornyn looks like he is now jumping on the socialism bandwagon, albeit on the down low.
Cornyn's comments remind me of the socialist fool, Jimmy McMillan, who ran for office on a platform which he called "the rent is too damned high". His campaign video is reminiscent of an SNL skit but it's not a skit. This twerp was just spewing the old socialist line: "My main job is to provide a roof over your head, food on the table and money in your pocket". Back then it was a laughable joke but look at today and we see more mainsteam presidential hopefuls spewing the same socialist bullshit. The mayor of NYC says there's plenty of money, just in the wrong hands. He suggests that he's considering taking real estate from landlords by force of law (i.e. threat of deadly force) and redistributing it to "those in need". Pocahontas Warren and other liberal human stains want to implement a wealth tax, but don't worry it would only target the wealthy. And so here is a very mainsteam player, Cornyn, also throwing his hat into the soft socialism ring with his threat of government enforced price controls on the sale of private property.
Look at what Cornyn points to. He says he doesn't like that AbbVie, owner of some popular drug, has patents on their invention. He makes it sound like some kind of scam that they continue to patent the thing just when prior patents run out. Never mind the fact that waiting like that would expose AbbVie to unwanted competition if someone else filed one of those "hold back" patents first. Cornyn is attacking not only AbbVie's private property rights, but also the US patent system that provides the legal protections that support those property rights in a court of law. This is soft socialism folks, and it is a VERY slippery slope.
You cannot go around fucking those that are the most productive simply based on their success. And government has no rights telling a private property owner how much they should sell drugs for. It's simply not their place. And it gives government waaaaay too much power to pick winners and losers. Big government is ALL about cronyism and after convincing people to let governments pick winners and losers instead of the free marketing doing this job, corrupt, dirty shit stain government will quickly begin picking its cronies to win no matter the consequences to the people. These things always sound like a good deal but in short order the people end up screwing the goose that laid the golden egg.
I've commented on this kind of thing in Venezuela before. In one instance, the government told the owner of a big appliance store that he was "gouging" the people with high prices. No matter that the fake money there was in collapse and all the store owner was doing was passing on the higher prices that HE had to pay since he was buying these products from the manufacturer with a failing currency himself. Well, once prices were forced down, effectively at gun point, the store went out of business and closed its doors. Just like that it went from a situation where at least some people could buy appliances to a situation where nobody could. A similar thing happened to a toy distributor in the Christmas time frame. The owner was actually arrested and perp walked for the camera because he was being unfair and mean to the children with high toy prices. The outcome was the same as the appliance store. Once you fuck the successful people over they realize that rule of law is gone, rule of mob is present and there is no way they are just going to put up with it. They close the doors and leave town. Where in the past some kids would get toys, now nobody gets any. Gee, thanks, big socialist government.
None of the pricing issues have anything to do with those making or distributing the products. The common denominator is that in all cases the stupid people accepted fake money as if it were real. The decay of buying power of fake money is always exponential. It starts off slow but then before you know it can no longer be ignored and then shortly thereafter it's the only thing that matters. Unfortunately, no fake money socialist Satanist elitists ever just decided to stop being a con man. It pretty much always goes to the point where those with the balls and the moral character to do so pick up arms and begin killing their tyrannical oppressors. IF there is anything "exceptional" about Americans, and that's a big IF, we will find a way to take back our country and put us back on the right track for future progress without having to use physical force against the "cost of drugs is too damned high" socialist liberals.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Patently
Ridiculous
This week, the Senate held another hearing examining the rising price of prescription drugs.
I questioned the CEO of AbbVie, the company that makes one of the world’s best-selling prescription drugs, Humira.
The price of that drug has increased more than 100 percent between 2012 and 2018, a ridiculous jump for medication so many people in Texas rely on.
AbbVie has amassed 136 patents on Humira to protect its exclusivity, applying for new ones just as the old ones are ready to expire. This limits competition that would normally lower the price.
My message was that at some point, exclusivity needs to end so lower-cost options can come to the market, offering patients more options.
Making sure Texans have access to their medication at a price they can afford remains one of my top priorities, and I look forward to continuing to work on this issue throughout this Congress.
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After reading this, most people will probably be nodding their heads and saying "yup, our government working for us". But as a Libertarian, I HATE the notion of Closet Communist Cornyn using the power of the gun, that is, the power of big government, to bully corporations into helping them to buy votes. Cornyn looks like he is now jumping on the socialism bandwagon, albeit on the down low.
Cornyn's comments remind me of the socialist fool, Jimmy McMillan, who ran for office on a platform which he called "the rent is too damned high". His campaign video is reminiscent of an SNL skit but it's not a skit. This twerp was just spewing the old socialist line: "My main job is to provide a roof over your head, food on the table and money in your pocket". Back then it was a laughable joke but look at today and we see more mainsteam presidential hopefuls spewing the same socialist bullshit. The mayor of NYC says there's plenty of money, just in the wrong hands. He suggests that he's considering taking real estate from landlords by force of law (i.e. threat of deadly force) and redistributing it to "those in need". Pocahontas Warren and other liberal human stains want to implement a wealth tax, but don't worry it would only target the wealthy. And so here is a very mainsteam player, Cornyn, also throwing his hat into the soft socialism ring with his threat of government enforced price controls on the sale of private property.
Look at what Cornyn points to. He says he doesn't like that AbbVie, owner of some popular drug, has patents on their invention. He makes it sound like some kind of scam that they continue to patent the thing just when prior patents run out. Never mind the fact that waiting like that would expose AbbVie to unwanted competition if someone else filed one of those "hold back" patents first. Cornyn is attacking not only AbbVie's private property rights, but also the US patent system that provides the legal protections that support those property rights in a court of law. This is soft socialism folks, and it is a VERY slippery slope.
You cannot go around fucking those that are the most productive simply based on their success. And government has no rights telling a private property owner how much they should sell drugs for. It's simply not their place. And it gives government waaaaay too much power to pick winners and losers. Big government is ALL about cronyism and after convincing people to let governments pick winners and losers instead of the free marketing doing this job, corrupt, dirty shit stain government will quickly begin picking its cronies to win no matter the consequences to the people. These things always sound like a good deal but in short order the people end up screwing the goose that laid the golden egg.
I've commented on this kind of thing in Venezuela before. In one instance, the government told the owner of a big appliance store that he was "gouging" the people with high prices. No matter that the fake money there was in collapse and all the store owner was doing was passing on the higher prices that HE had to pay since he was buying these products from the manufacturer with a failing currency himself. Well, once prices were forced down, effectively at gun point, the store went out of business and closed its doors. Just like that it went from a situation where at least some people could buy appliances to a situation where nobody could. A similar thing happened to a toy distributor in the Christmas time frame. The owner was actually arrested and perp walked for the camera because he was being unfair and mean to the children with high toy prices. The outcome was the same as the appliance store. Once you fuck the successful people over they realize that rule of law is gone, rule of mob is present and there is no way they are just going to put up with it. They close the doors and leave town. Where in the past some kids would get toys, now nobody gets any. Gee, thanks, big socialist government.
None of the pricing issues have anything to do with those making or distributing the products. The common denominator is that in all cases the stupid people accepted fake money as if it were real. The decay of buying power of fake money is always exponential. It starts off slow but then before you know it can no longer be ignored and then shortly thereafter it's the only thing that matters. Unfortunately, no fake money socialist Satanist elitists ever just decided to stop being a con man. It pretty much always goes to the point where those with the balls and the moral character to do so pick up arms and begin killing their tyrannical oppressors. IF there is anything "exceptional" about Americans, and that's a big IF, we will find a way to take back our country and put us back on the right track for future progress without having to use physical force against the "cost of drugs is too damned high" socialist liberals.
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