Jump in anywhere for news, commentary, gen'l info and entertainment.
October 1st, 2014
Inside this building in Dallas at this very moment a visitor from Liberia is isolated. He has been diagnosed with Ebola, the deadly disease that's disrupting life in sections of western Africa. Ebola was recently successfully treated but the experimental drug is said to have been used up.
There's no point in becoming undone by the threat. A ton of money and medical expertise is dealing with the matter, but as Stanley Gaye, president of the Liberian Community Association of Dallas-Fort Worth, points out: "People have been calling, trying to find out if anybody knows the family. We've been telling people to try to stay away from social gatherings."
Breaking News: Zachary Thompson, director of Dallas County Health and Human Services, said in a morning interview with WFAA-TV.
"Let me be real frank to the Dallas County residents: The fact [is] we have one confirmed case and there may be another case that is a close associate with this particular patient," he said. "So this is real. There should be a concern, but it's contained to the specific family members and close friends at this moment.
Unless the Ebola bug gets loose in Dallas there's nothing to fear, but it makes sense to get a flu shot, wash one's hand frequently, try to build up one's immune system, and try to avoid the lesser viruses that bedevil us in the fall and winter months.
The Swiss Referendum on Gold
Just 'spose The Swiss vote November 30th to bring all their gold home. This would include a considerable quantity of gold bars presently stored in New York City. Will the Swiss get the same treatment Germany did when it asked for the return of its gold from storage in U.S. vaults? "Not right now," said U.S. authorities. "Later." And the Germans said "Okay."
Currency guru Chuck Butler brought the subject up in his newsletter, The Daily Pfennig.
I want to spend a minute or two talking about the Swiss Gold Referendum that will take place on November 30th… Did you know that if the Swiss people vote “yes” on this referendum that the Swiss National Bank (SNB) would have to increase Gold holdings from 10% to 20% of its balance sheet, that the SNB would have to stop selling Gold, and other precious metals, and be required to hold all their Gold within the country… This is a HUGE deal for Gold, folks…
And I’m not talking about the increase to 20% of the SNB’s balance sheet in Gold reserves… I’m talking about the SNB having to get all of its Gold home… Repatriate is the word, and it’s a nasty word to the U.S. You see, the SNB holds a good portion of their Gold reserves in the U.S. And we saw last year, how difficult it was for Germany to get their Gold, so difficult that they game up and said, forgetaboutit!
This could end up being the straw that breaks the camel’s back folks… I would be keeping an eye on this… And I can’t tell you what I would do any longer, the regulators have put the clamps on that,- See more at: http://www.dailypfennig.com/2014/10/01/much-draghis-announcement-priced-euro-already/#sthash.UXU7I6Re.dpuf
"I want to spend a minute or two talking about the Swiss Gold Referendum that will take place on November 30th… Did you know that if the Swiss people vote
'yes”'on this referendum that the Swiss National Bank (SNB) would have to increase Gold holdings from 10% to 20% of its balance sheet, that the SNB would have to stop selling Gold, and other precious metals, and be required to hold all their Gold within the country… This is a HUGE deal for Gold, folks…
(We're keeping a sharp eye on it, Chuck. Glad you are, too.)
Today begins the
new federal fiscal year.
THE SWISS KNOW THAT WE FAIL TO GRASP?
The Swiss have turned down switching the prive health insurance system to a state-run scheme. Referendum results showed that almost 62 percent of voters had shot down a reform pushed by left-leaning parties which say the current private system is busting the budgets of ordinary residents. The results also underlined the national divisions over the hotly-contested issue as the country´s German-speaking regions voted against the plan, while their French-speaking counterparts were in favor. Switzerland´s private insurance lobby hailed the vote.
The Swiss appear to understand that medical service is not a "right" but a valuable resource for aid when one is sick or injured. They buy private insurance to help offset the costs of medical care. Medical insurance is supposed to be like house or car insurance in that one hopes not to make a claim. The insurance companies must try to keep premium income above payouts, but when the government intervenes something has to give. It's generally the level of service.
Central Bank Problems Made Simple.
"We must distinguish between the prices of consumer goods and the prices of assets that are bought with leverage. The latter is a threat to those who borrow short-term to finance long-term assets. For example, when a real estate developer sells 3-year bonds to buy a large commercial building. Since the developer can’t amortize the debt in three years, it will roll its liabilities—sell new bonds to pay off the old ones. This is a form of counterfeit credit. One way to get in trouble is if the market value of the property falls. Then the bonds cannot be rolled." Monetary Cancer in Europe
Keith Weiner sees the central banks as running into serious problems trying to GET PRICES TO RISE. Why would they want to do that, and what's so horrid about falling prices anyway? (Ooops. We just remembered.....wages are prices, too. No one wants THEM to fall.)
We posted this quote from Mr. Emmanuel earlier this week:
"Americans may live longer than
their parents, but they are likely to be more incapacitated.
Uh-oh! Here it comes. We all laughed when Sarah Palin said "ObamaCare" was bad news for old people because it would lead to "death panels" making decisions about withholding medical care from the oldest among us. But here is a liberal architect of the Affordable Care Act beating the drum for pulling plugs and limiting medical procedures after age 75! Die at Seventy-five.
Emmanuel claims to be opposed to suicide or euthanasia for the elderly - but says life beyond 75 shouldn't be prolonged. "Let nature take her course," says he. He's from the make-them-comfortable-and-let-them-expire school.
We personally have a very strong interest in schemes like this. Had Emmanuel's idea been in place some years ago the Missus would have been denied open heart surgery at the age of 80. Nearly five years have passed and she's perking along on all cylinders, thank you.
The topic will muscle its way into mainstream debate as vast numbers of elderly edge toward life's exit. A key issue will be society's obligation to pay the bills for maintenance of old folks who have outlived their financial resources and their medical bills become a conspicuous public expense. It will be one helluva debate!
BREAD (Food Stamps) AND CIRCUSES (TV and
The Roman Empire
disintegrated, eventually, and plenty of authors see a parallel between old Rome and modern-day America.
Today half the population is subsidized by government, and more than half
spend hours each day with Internet and television. Only four hours a
day is more than one full day per week! This trend prompted
the late Neil Postman several years ago to write "Entertaining
Ourselves to Death."
Add the heavy cost of war in
far-off places and one may ask from whence the money will come to pay for
The Roman Empire disintegrated, eventually, and plenty of authors see a parallel between old Rome and modern-day America. Today half the population is subsidized by government, and more than half spend hours each day with Internet and television. Only four hours a day is more than one full day per week! This trend prompted the late Neil Postman several years ago to write "Entertaining Ourselves to Death."
Add the heavy cost of war in far-off places and one may ask from whence the money will come to pay for it all.