Friday, May 01, 2015

It's Not About "Racism"

Is it?  Isn't it's about overtaking local police forces with that  "National Police Force" mentioned by B. Hussein Obama during his 2008 campaign:
"We cannot continue to rely on our military in order to achieve the national security objectives we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded." 
Now why do they want one of those so badly?


Looks like a cool product. Imagine saying "remind me to send package when I get here" and the machine decoding speech, noting location, creating a reminder and then reminding -- harnessing technology for practical human..."benefit" is too big a word -- let's say "convenience".

Remember how cool browsing the web was when it first became commonplace? I even remember my first email account. Attaching and sending files - so convenient!,

But then we slowly realized that the web's memory is perfect. That you can never, ever really dispose of an email address or for that matter, an email. It dawned on us that every move we've ever made online is recorded. Then came the social networking movement, and the Web's memory got more personal and intimate by orders of magnitude.

We learned (as we had suspected all along) that our "information" is being packaged and traded for profit for many reasons. The most visible of these is to persuade us with our own words and actions: "you looked at this once before, you know you like it, click here to buy it now!" But often it used to shame us: "You said this. You're a homophobe; you're fired." With "new media" our every online move is submitted to the worldwide court of public opinion, which renders judgment. Information been harnessed first for persuasion and soon thereafter for coercion.

So far, all this is being fueled by information that is largely external -- words and pictures. What sorts of possibilities are there for persuasion and coercion enabled by the collection of your every heartbeat; your body temperature at the moment of that heartbeat; your weight, your sleeping habits (and schedule and location)/? Add to these every "biometric" that you can imagine.

What will dawn on us after we've been having our collective "iWatch experiences" for a few years? We have seen our personal information harnessed by others who purchase it in order to persuade us to take a certain action. We've seen it used to coerce others into taking certain action.  What happens when it starts being used to force people to do things?

The possibilities for good are amazing. The possibilities for abuse should put the fear of God in you.

Wednesday, April 29, 2015

GDP Fail, redux

The plane is nosediving, but 
the cockpit door is locked.

0.2% GDP growth, again? But wait: if you can't believe their unemployment numbers, can you believe their GDP numbers?

Poor Madame Chair looks like she's standing in front of an approaching freight train.  Is it inflation or deflation she sees bearing down on her?

What to think? No rate hikes until Obama says so.  He's not going piss off his Park Avenue buds, not yet. He doesn't want a stock market crash, either, because then the white people might riot. Ha ha, just kidding.

[update: yeah, we posted this before the announcement.]

Wednesday, April 22, 2015

File Under "Tin Foil Hat" part 2

As long as we're posting such observations, we thought we'd let you know that 11 military copters are scheduled to cruise above the Hudson River from the GW Bridge to the Statue of Liberty and back again in the next week or two.  Just because.

Friday, April 17, 2015

File Under "Tin Foil Hat"

For the first time ever, last week, I heard "Ladies and gentlemen, this is a test of the emergency broadcast system" coming from the PA system in a NYC subway station.  Twice, in fact.

Saturday, February 14, 2015

Yahoo!: Do NOT View This Blog

The most influential blog ever has achieved yet another milestone:  it has apparently been banned by some thought police.  The page in that screenshot below is what you'll see when you click the link below it.

The link.

We are honored to have joined the Company of the Banned.

Sunday, January 11, 2015

Nothing New Under the Sun, Part....?

The movie "Network" is proof of this. If you want to understand the world you now live in, that is.

Thursday, January 08, 2015

Beware of Peace

Have you heard the chatter about "peace" lately?  I have.  Hillary Clinton is out and about touting a formula for "21st century peace" that is basically a highly intellectual sounding suicide note.  Lots of appeasement and psychology.  

At Mass the other day some itinerant priest from Down Under was on about how we should work for world peace in order to overcome the "military power that runs the word" [paraphrase].  It's a meme, you see.  Some priest from a far away shore and Hillary Clinton  both espousing the same new-aged hooey.  Get ready, because "peace" as they see it is about to be shoved down our collective throats.

The sponsors of this delusion -- "peace at any cost" -- aren't asking you to think about it. They aren't asking you to agree with it. They aren't asking you to engage in a debate in the marketplace of ideas; they aren't seeking to persuade you. They don't care what you think or believe.  What they are doing is what they always do: subverting your reason with images and slogans.  In this way they will desensitize you and bulldoze your natural resistance to an illogical campaign. They don't need your agreement. They only need your attention, and they have that.  

They will fill your field of attention with slogans and images about peace and about how anyone who dares disagree with their idea of peace is the enemy.  They will polarize and divide because this has proven to be the most effective means of concentrating power, and in the age of instant, global messaging, it's more effective than it has ever been.

And when that happens, when their little "peace" message becomes the daily drumbeat in world filled with shocking daily headlines of violence, disaster, turmoil, idealistic mobs will begin to demand "peace at any cost" the same way they demanded dead police officers and messianic presidents. They will demand a Man of Peace to fix the world up the way Barack Hussein Obama promised to.

And when that happens, someone will answer the call.  Someone very unique.  And hell will have come to earth.

So buckle up, sports fans. This is a little early-warning.

Saturday, December 27, 2014

A Chihuahua Casts Its Vote

We're posting this because we notice it's increasingly hard to find on the WWW, and we want to keep it available.

Monday, December 15, 2014

Falling Rubles and Cheap Oil

It is far more likely that Russia has engineered the decline of its ruble in order position itself as the low-cost producer and thereby destabilize the global economy and especially force the high-cost producers (in America) out of business.

It is absurd to think that a country that is among the richest in natural resources would be brought to the point of "economic freefall" by whatever insignificant measures the Obama administration has taken in the name of "economic sanctions" (albeit not without a small measure of fanfare).

Russia is among the most dominant players in oil markets and at times the single most dominant player.  It can exert tremendous influence over the market.

It is also not unusual for countries to devalue their currencies for their own gain, and should it surprise anyone that Russia would do so aggressively, vindictively, almost as an act of war, without regard for the welfare of its common citizens?

We thought readers might appreciate a perspective that didn't originate in a disinformation brainstorming session.

Monday, November 24, 2014

The Revolution Will Not Be Televised!

If you must watch...but don't try to leave a comment on any "news" website, because all the comment sections have been disabled.  If you burn down a business, you get coverage.  If you wish to express your disagreement with people who burn down businesses, tough luck.

Tuesday, November 18, 2014

Lying to The Races

Is Barack Hussein Obama fomenting a race war in the United States for political gain, or is it simply because he hates white people?

Thursday, October 30, 2014

Can't be long, now.

Today the paper had big, big headlines that read:

Son Beheads Mother In Street

If you read the story you learned that, after beheading his mother in the street, the son then kicked her head about twenty feet away.  Finally he jumped in front of a train and something approaching justice was done.

Later I read that the CEO of one of the, if not the, most highly valued and visible corporate enterprises on the planet decided to brag about how proud he is to be a homosexual. Not that it's supposed to matter or anything.  Almost instantly the cheers rolled in by headline and sexual perversion had reached the highest rung on the ladder of cool.  

And of course the President broke some more laws today and vowed to break even more. And then there were surely myriad other unthinkable, unspeakable acts paraded before the eyes of the world since the evening editions went out yesterday afternoon.

At this rate, I'd be very surprised if the human race made it to the next election.

Saturday, September 27, 2014

A "Religion of Peace", but.... we consider the question, "where are the Moderate Muslims?  Why don't they speak up?"  We reprise our discussion about why Islam is powerless to stop, much less reverse, its descent into barbarism.

To begin with, here is a collection of our previous comments on the subject.
We argued:
What authority is there in Islam to restrain that awful tendency toward wanton religious fervor, to prevent it, for example, from spawning a sect that is an evil cult of death, laughing as it slaughters babies, women, innocents, anything and everything including civilization itself? 
In civilized western countries, the culture restrains. But the culture is unquestionably Judeo-Christian in its traditions, mores, and laws. Thus it must be acknowledged that Islam is moderated by Judeo-Christianity, its two older siblings.
We conclude:
Mohammed did not turn the other cheek, love his enemy, or let himself be crucified for his love of his enemy's eternal soul. Islam sets no example of such love of enemy, only violence to "infidels".   
Arguing that "no God condones terrorism" is meaningless to a fundamentalist Muslim because that dogma does not find expression in the example of his chief prophet.  Therefore a fundamentalist Muslim has no moral authority mandating the restraint of its violent extremists. 
Islam CANNOT stop its own perverted violence. There is only One who can.

Tuesday, September 16, 2014

If Osama Bin Laden could pick the President of the United States...

...he'd pick Barack Hussein Obama.

Osama bin Laden vowed to "destroy the economy" of the US and then to follow up with Sun Tzu's "war of a thousand cuts" strategy designed to "confuse" and "bankrupt" the US.

Beyond the immediate, direct financial impact of the 9/11 attacks, the financial wake of 9/11 is obvious to all. We've discussed the systematic nature of the "Great Financial Crisis" of 2008 (please search this blog for "Financial Terrorism" if the link remains broken).  That is, that the "crash" of 2008 wasn't a crash so much as a series of discreet, nearly identical failures by major financial institutions in an environment of historically high oil prices with a series of small market crises as a catalyst.  We argued that, where "crashes" are chaotic and disorderly, the "Crisis" of 2008 unfolded in a systematic fashion that appeared to be a series of methodically executed steps.

As for the second part of bin Laden's plans, we present to you as Exhibits A through n the Obama Administration and its myriad crises, failures and blunders which have each and all been disastrous for the United States and the civilized world but have curiously created an environment that nurtures and empowers the advancement of the current fad of hardcore barbarism that they tell us is called "the Caliphate".  

Do you still think it's all a coincidence?

Tuesday, September 09, 2014

On National Sovereignty

"National Sovereignty" as we've enjoyed it is impossible now.
Unfortunately, modern information technology and media, which have already annihilated individual liberty and dignity, and their derivatives, privacy and good judgment, have made national borders a mere formality. Likewise all traditional hierarchical structures. Authority once again derives from sheer power, not merit, tradition or elected representation.
This combination and its proven ability to control masses at a time when nothing else will portends (indeed, spawns) global government devoid of any values beneficial to mankind that is as inevitable as it will be disastrous. It is happening right before our eyes.
See McLuhan.

Saturday, August 30, 2014

We're All Enemies of the State Now

Now, let's see: who owns the medical profession?
Now, let's see: does the government issue debt to fund its operations?
Now, let's see: does the government pay interest on that debt?
Now, let's see: is it advantageous to government to pay less in interest?
Now, let's see, what's cheaper (or, if you prefer, "more efficient") -- treating or euthanizing?
Now, let's see: is it advantageous to the government to pay for treatment or to euthanize?
Now, let's see: when a government has an interest in euthanizing its own citizens, does that make it their friend or their enemy?

Friday, August 08, 2014

Rogue President

George W. Bush was careful to build a strong, multi-national coalition before initiating any bombing missions. He waited patiently for a Congressional hearing, too.

But Barack Hussein Obama "acts alone" on this ISIS mission and virtually all other matters. He does what he wants, when he wants. When the polls tell him.

And the news media doesn't even notice.

Does that make him king?

Sunday, July 20, 2014

Digital Pentecost and the Virtual Village

As obnoxious as people behave when playing with their “devices”, this isn't, to me, the most troubling result of "technology", even if it is the one most talked about -- providing, as it does, an opportunity for people to criticize others.

No, the most troubling feature is, I think, foretold in Marshall McLuhan's 1964 book "Understanding Media”, which I recommend as the essential guide for understanding the information age.  Long before handheld calculators and digital clocks, McLuhan foresaw the big picture of a society shaped by technology. It was he, incidentally, who coined the term "Global Village" which yielded so much popular mileage to Hillary Clinton, who lived in the White House when the Internet as we know it was unleashed.  It is we who coined the term "Virtual Village" which should be self-explanatory.

McLuhan wasn't necessarily enthusiastic about this "Global Village”, but he was matter-of-fact.  He saw that the rise of global, post-literate mass media to ubiquity would be the end of "individualism" (and therefore the decline of the West) and would force a retribalization of the entire, connected planet. 

Sounds quaint to some, especially to those of you who still own your tie-dyes. But if you think of a "tribe" as a community, the dominant organizer of this community is whoever owns and/or controls the media. And I gather that readers understand that it won't be the Pope who does that.  But if not the Pope, then whom? Whom, indeed.

McLuhan speculated about a "new Pentecost", one when a technologically enabled "global consciousness" (later another favorite term of certain types) or "spirit," which arises from the connectedness of everyone, manifests itself.  As a "flash mob", for example.

Speaking of the Pope and individualism, I have read and heard much disdain about "American individualism" by Catholics who present themselves, by delving into the subject, as expert.  But I would remind them that God Almighty calls each of us by name. Each is an individual to him.  Individualism is essential to Liberty, and a truly healthy community is made up of individuals – voluntary ones, not inevitable ones

Few things militate against the Individual with the relentless focus of global information technology.  Everywhere it has been employed, it has demolished hierarchies of authority, eradicated "subsidiarity" by consolidating control of anything that depends on information into fewer and larger hands. Is there anything in the material economy that doesn't depend on information? 
Access denied.

As McLuhan points out, instant, global communication renders sovereign national borders as quaint formalities, leading ultimately and inevitably to some form of virtual de facto superstate. Such an entity has the means to control people's access to, perceptions of, and uses of information, rendering them effective wards of its power, relieved of anything that can truly be called "individuality." You won't conform?  Then you won't get the goodies, because your credentials will be revoked.  So will be the Digital Pentecost, where a person ultimately is a source of tax revenue - a "number", if you will, to a superstate.

This is the real problem with technology.  Selfies are only a distraction, proof that people's eyes are really off the ball.

Sunday, July 13, 2014

Doubling down on (the mystery of) lawlessness

This appears to be the agenda for the lame-duck Obama administration.  It is self-evident.  Though the only right thing to do with such an actor in the White House is to remove him, the Congress has curiously dismissed any talk of impeachment and the word has disappeared, for now at least, from the headlines.

This may be Congress' last chance to reign in the Rogue President. In its negligence to exercise the provisions in the law for protecting the Republic from a lawless president, has the Congress not become lawless itself?

Everybody -- at least everyone who does not hold the title of "Senator" or "Representative" -- knows that unchecked rebellion only grows until some it culminates in disproportionate disasters.  There is no reason for anyone to expect the scene being played before the world in US history to end well for anyone.

Congress must act now to stop the Obama administration or risk greater, unforeseen consequences than the mere political disaster the last 5 years have been. 

Sunday, June 08, 2014

Better to meet a bear robbed of her cubs...

Death and the Mother, Kathe Kollwitz, 1934

Abortion is not normal. This is what a mother is supposed to do when death seeks her child.

Thursday, May 08, 2014

EMP: The New "Global Warming"?

"Some would say it’s low probability, but..." that didn't prevent politicians from waxing hyperbolic on imminent doom at an Electromagnetic Pulse (EMP): Threat to Critical Infrastructure hearing.
That the "Global Warming" panic is a non-starter is undeniable even to hardcore believers, what with having been re-branded three times now and still drawing yawns. It's lost its cache as a cattle-prod to the masses. An EMP threat, however, has the ideal qualities for a new meme of mass-delusion: it's high-tech, mysterious, has (perhaps) a modicum of credibility, and threatens something near and dear to everyone: their Internet access. Psychologist warn that people become depressed when they can't connect to the Internet. Polls now show that people will take great personal risks to recover a stolen cellphone. On the other hand, just how upset will anyone really get if winter isn't quite as bitterly cold as it used to be?

What the prospect of a warming globe lacked in urgency, the "threat" of an EMP "attack" makes up for in spades.  The scenarios described at the EMP hearing are so fearsome even the Founding Fathers might have been tempted to reconsider the Liberty/Security ratio. That is, if they weren't so preoccupied with a much greater threat: that of elected representatives conning and coercing the populace into handing over its liberty and property for things like enabling "the Department of Homeland Security (DHS) to implement practical steps to protect the electric grid."
Check out the rhetoric:

...catastrophic civilian casualties ...unless Congress acts ...every single facet of modern human life ...crippled, women, and children ...with access to food, water, or transportation ...catastrophic ...weeks or months at most ...devastation beyond imagination ...almost entirely vulnerable ...catastrophic ...existential threats ...kill 9 of 10 Americans... starvation ...disease ...societal collapse ...America’s adversaries may already have the ability to launch an EMP attack ...wipe out 90 percent of America’s population ...must remain vigilant mitigate the effects of an EMP attack ...devastation ...unthinkable ...cataclysmic ...very dangerous and unthinkable...

We cannot say with certainty that the scenario being described is likely or even possible. But we can say with certainty that "No man's life, liberty, or property are safe while the legislature is in session."
Especially when they're pulling out all the rhetorical stops.

Saturday, April 12, 2014

Achievements of Modern American Democrats, Part 1

Recently released FBI documents show that Al Sharpton became an informant and was used to sting the mob. But in this interview, the Reverend Sharpton says it was not so "in my mind."

This is progress! Fifteen years ago Bill Clinton winked at the American people and invited them to believe that the word "is" might mean anything one wants it to mean.

Building on that achievement, Al Sharpton publicly shucks, jives, and negates objective reality. Only he doesn't merely invite us to believe it; he invokes the alleged contents of his mind as a matter of fact.

It's the idea of "standing on the shoulders of giants" turned upside-down; a monumental achievement that would have every sane, honest person from Plato to George Washington spinning in his grave.  And it was accomplished by Modern American Democrats!

Wednesday, December 25, 2013

The Antidote to "Hope and Change"

George Gilder:  "Wealth is essentially knowledge" .
"George Gilder, author of 'Knowledge and Power,' sits down with Peter Robinson to discuss his theories of knowledge and capitalism. Specifically, that wealth equals knowledge and that capitalism is not an 'incentive system.'"
From (you can search for it if the link above is broken).

Monday, November 11, 2013

Venezuela's government seizes electronic goods shops

America's government seizes doctors and  hospitals.

Friday, October 25, 2013

Big Internet Error

Wednesday, October 09, 2013

Barack "Napoleon" Obama... a little man wearing some very big shoes.  He's spent the last 5 years throwing banana peels on the sidewalks all around his house.

We predict that soon, very soon, he will slip on one, fall, and never get up again.


Tuesday, September 17, 2013

Coming Soon: No More Internet Anonymity

You probably didn't see the media blitz on this because there was none. Instead, the "unveiling" described below was released to what appears to be a government security PR organ masquerading as an independent news source.

Government plan for consolidated online ID unveiled

Published 20 April 2011 
Last Friday President Obama unveiled a plan to establish federal standards to create consolidated secure online passwords; the ultimate goal of National Strategy for Trusted Identities in Cyberspace (NSTIC) is to create a more secure environment for online transactions where users only have to register once and can use a common password for multiple sites; NSTIC lays out the industry standards and technology policies around the new authentication methods but leaves the development and deployment of the technology entirely in the hands of the private sector to avoid the establishment of a government-led national ID; privacy advocates worry that it could create an environment where authentication is increasingly required (link)

The buzz we've all been hearing about various one-or-no-password "solutions" seems to have arisen since this initiative was "unveiled" by Obama to reduce all Internet activity to "secure, single-sign-on" access.  Have you noticed now that you can sign into diverse website comment boards with any number of "social network" credentials -- almost always courtesy of a Facebook utility?  Many tentacles, one slimy octopus.

I'm probably not the only person who is annoyed with having to manage passwords.  And who doesn't want "greater cyber-security", in a world where any Internet user is rightly concerned about identity theft?  But the side-effect of the cure is a greater poison, because it means everything you do will be traceable ONLY to you. Of course, successful gamers of the system will much more easily do just what they please with your identity, since all instances of your Internet access will be accomplished by a single key.  Gone will be the natural, spreading-of-the-risk security that comes with numerous and diverse log-on credentials for various web-based tasks. Gone will be your ability to manage your own Internet identity(ies) and credentials.  Are there political, constitutional, freedom-of-expression ramifications to this? Just use your imagination.

Nobody would dare argue that the proposed initiatives are foolproof. Because they're not, the legitimate pursuit of online security can eventually only result in the requirement that a human being be uniquely and infallibly identifiable to a machine. Exactly what form that solution might take is a matter of conjecture, but it will, in its ultimate end, reduce the individual to an appendage of the Network.

It doesn't take much imagination to envision how unlovely life will be when that happens.

[update: watch the idea develop:]

Friday, September 13, 2013

Dear Vlad:

America and its Exceptionalism is the reason that the USSR no longer exists.

Where would you be without us? Nevertheless, we understand why such an Exceptional America would wrankle aspiring totalitarians.

Speaking of aspiring totalitarians, why is it that you were parrotting one of Obama's campains schpiels in your letter to the New York Times?

Saturday, September 07, 2013

Enough (obama) is enough.

For the past 5 years, the thought-shapers in the media have transformed the national dialogue into a monologue and finally a lecture about Barack Obama. The American people, of whom he is supposed to be a civil servant (yes, servant)  have been reduced to being extras in the Big Story of Barack Obama.

Issues faced by America and Americans have been recast in terms of how they affect Barack Obama, imbued with hyperdrama until each has been made a crisis - his crisis - with the Burning Question declared to be, "how will it affect Barack Obama?".  The latest such adventure is in Syria where well-equipped mass murderers are using chemical weapons on innocent civilians.  We've seen the horrific images in the media in stories that ask, "how will this affect Barack Obama?"  Here he navigates the US like an overconfident, incompetent ship captain through circumstances that could destroy it and everything around it, but what matters is, "did he draw the 'red line' or didn't he?"  "Did he wow them at the G20 or not?"  When the mullahs threaten, they threaten his daughters. It's a sinister twist in the plot...of the Big Story of Barack Obama

It would be unheard of if all the passengers on the Queen Elizabeth spent their entire journey talking about the ship's pilot, listening to him lecture and even admonish them, suspending their entire lives to watch his.  But that is life on the SS Obama.

Stand down, Barack Obama. The American people want to get on with their lives.

Friday, July 19, 2013

Gold, Global M2 and Central Bank Reserves

The recent plunge in the price of gold has understandably caused quite a stir. We offer some observations about it in light of the role gold plays in central bank reserves. We then put the recent moves in historical perspective with a bit of technical analysis, and finally we present gold as financial catastrophe/inflation insurance.

Gold and Global M2
We know that, globally, M2 has increased over time. Central bank reserves have kept pace, as shown below.
Has the gold component of those reserves kept pace? Below is a chart that depicts the ratio of gold reserves to total reserves. It has held relatively steady over the period shown, suggesting a certain discipline on the part of central banks to maintain a steady hand in the reserves department (the pink curve).
Gold and Central Bank Reserves
But look again. Gold has risen significantly since 1999 - from $276 to $1598 per ounce. If we hold the value of gold steady from the beginning of the period we see that the absolute ratio of gold to total reserves declines very rapidly over the ten years shown (the blue curve). In other words, as M2 has grown, all reserves including gold have grown in dollar terms. However, the physical ratio of gold to all reserves has certainly not grown in proportion; in fact it declined by 6.54% while its market value increased by 416%.

The practice of measuring the gold reserves ratio in current dollars has some interesting effects, one being that the ratio is a function of the price of gold. As we have just seen, if increases in M2 (and presumably reserves) by market action drive up the price of gold the ratio increases by definition - thereby masking inflation, perhaps enabling it. However, this effect by itself apparently isn't enough to maintain the ratio, for "the first quarter of 2013 marked the seventh consecutive quarter of net gold purchases by central banks," according to the latest Gold Demands Report by the World Gold Council.

The graph below illustrates: the market value of gold reserves (and thus, the gold reserves ratio) increases even as physical reserves decrease (the blue curve). Then, in the period beginning in 2008, as the nominal ratio bounces off 9% (see second graph), physical gold reserves begin increasing even as the market price of gold does.
Another effect of a dollar-weighted gold reserves ratio is more appropriate to current conditions: as gold prices fall the ratio falls proportionately. At the end of the last data period depicted, assuming no subsequent M2 or total reserves growth, the gold reserves ratio would have declined from 12% to 9% based strictly upon a decline in the price of gold from $1598 to $1200. Thus falling gold prices would force central banks to acquire gold in order to maintain the ratio, should that be their mandate. A look at the pink curve on the second graph above shows that, over the period considered, the gold reserves ratio has in fact been roughly in a 9-12% range.

In absolute terms the gold reserves ratio has been decreasing steadily and amounts to continuous debasement of the currency. As depicted, even if M2 growth were halted the ratio in 1999 dollar terms would still be sitting at a low, suggesting the possibility of realignment. Under current policy and economic conditions - that of aggressive stimulus and little economic growth -- either because of central bank purchases or by currency inflation, the price of gold must increase on average, but for this caveat:
Gold is, however, particularly subject to short-term price fluctuations. Nation-states and their central banks hold about half of the globe's aboveground stores of gold, with which they can and do engineer extreme short-term price declines. And, as more than 95 percent of the gold mined in the past still exists, with most of it in bullion bar form, the globe's stores of gold are perhaps a hundred times larger than annual world production of gold - and nearly a hundred times more potentially influential, on the supply side, to short term price movements.[1]
This would make the business of timing one's gold purchases a very tricky one indeed. While the numbers and ratios in the above citation are as of 1979, there is no reason to conclude that the principal point is less valid today. In fact, as we noted above and elsewhere, central banks were net buyers of gold throughout the Q1 2013, while the commodities and related markets recorded historic price declines. 

Notes on the Recent Price Action in Gold
Adding one last dimension to this discussion, the recent price action of gold is put in perspective by showing common and actual price retracement amounts in the table below for both the spot market and GLD shares.
The top two rows show peak and current prices. Below that are estimated "breakout" points for the given year, the breakout-to-peak range, and the prices corresponding to the common 50% and 67% retracement amounts. In the final row is the actual retracement as of this writing. (sources: World Gold Council, SPDR Gold Shares; retracements: calculated).

Along with a historical price perspective, we have seen data suggesting that, in an environment of increasing M2, central banks acquire gold regardless of whether it is rising or falling in price. We have seen evidence in our data sample (1999 - 2011) of the "gold reserves ratio" remaining in a range between roughly 9% and 12%, and estimated that, had current market prices prevailed at the time, all other variables being equal, the ratio would be at the lower end of the range as of the last period of the data. We have cited anecdotal evidence that central bankers may "engineer" declines in the price of gold in financial markets, making speculation on the long side potentially treacherous. 

Gold as Insurance
If you're of a mind to purchase gold, you're probably in very good company. However, while gold purchases may be seen as a capital expenditure by the central banker, they are better viewed as insurance by the rest of us. Regular incremental, fixed-amount purchases thus become the payment of a "premium" and declining prices a windfall, because more "coverage" is gained and the cost basis is dollar-cost-averaged. Market timing ceases to be the overriding concern and good financial discipline is made less treacherous. It's good enough for central bankers, it ought to be good enough for the rest of us.

[1] Jerome F. Smith, Understanding Runaway Inflation, 1979 Edition, pp 48.

Friday, July 05, 2013

It Can't Happen Here.

Can it?

Wednesday, June 26, 2013

A Face Fit for a Ouija Board -- 2016

Saturday, June 15, 2013

"Obama to step up military support of Syrian rebels"

Wednesday, June 12, 2013

More Notes on the Right to be Left Alone

The idea that there exists a "right to privacy" that permits the taking of an innocent life is the apex of sophistry -- the absolute nadir of philosophy.  The right to be left alone is inherent in the dignity of the individual. So inherent, it was understood to be so in the times of the Founders and perhaps for that reason there was seen no need to enumerate it. However, in a day which is properly said to have embraced a "Culture of Death" -- that is, a culture which is anti-life -- such inherent dignity can no longer be assumed to be understood, nor to be present in the interpretation of its laws, any more than can be expected the same understanding of the "Creator" from which flow inalienable rights as understood by the Founders.

Jerome F. Smith, in Understanding Runaway Inflation, 1979 Edition, observed:
Any listing of human rights becomes less complete and more prone to error in proportion to how specific it is...The prime right is one's right to life, one's own life and no one else's.  All other rights, and the delineation of what belongs to whom, derive from this beginning.Thus, that which is pro-life is a right and is moral and that which is anti-life is a usurpation and immoral.  All human rights -- and which actions are right (moral) and which are wrong -- can be logically derived from the prime right, the right to life.
The way in which the three traditionally listed rights are logically bound together was well expressed by Justice Sutherland as follows:
The individual has three rights, equally sacred from arbitrary interference (from government): the right to life, the right to his liberty, the right to his property.  The three rights are so bound together as to be essentially one right.  To give a man his life, but to deny him his liberty, is to take from him all that makes life worth living.  To give him his liberty, but to take from him the property which is the fruit and badge of his liberty, is still to leave him a slave.
In 1890 Louis Brandeis and Samuel Warren wrote an article for the Harvard Law Review urging the creating of a legal right of privacy.  New technological methods of snooping have made privacy an even more cherished value. Brandeis was on the Supreme Court in 1928 when it decided that police wire-tapping was not a "search" subject to constitutional restrictions, and in a great dissent he reiterated a passage from his 1890 article:
"The makers of the Constitution...sought to protect Americans in their beliefs, their thoughts, their emotions, and their sensations.  They conferred, as against the Government, the right to be left alone -- the most comprehensive of rights and the most valued by all civilized men."
(Justice Louis D. Brandeis, in Olmstead vs. U.S., 1928)
The Supreme Court since then has adopted Brandeis dissent as the law on wire-tapping and, in general, declared privacy a value respected by the Constitution.
--Jerome F. Smith, Understanding Runaway Inflation, 1979.

Monday, June 10, 2013

Train of Thoughts on the NSA "Whistleblower"

  • The Patriot Act authorized nearly limitless collection of communications data in 2001. Is this "story" really "breaking?"
  • If you are entrusted with a security clearance and then disseminate classified information, you have opened yourself up to charges of espionage.
  • The Obama administration, used to having public opinion in its favor and malleable in its deft hands, is in big trouble. It's not used to being unable to turn public outrage to its favor, and it doesn't just yet appear that there is any hope of doing that now. How will it react, with docility? Or will its mission of maintaining control over the public debate force it to shift from persuasion to coercion? From coercion to force? 
  • Let's be honest: we all knew we were going to see universal surveillance when we embraced the "Information Age" because doing so required us to embrace the "Information Superhighway", an historically unparalleled mechanism of concentration and permanent recording of all digital communication. Let's not be disingenuous by pretending to be too surprised. The youngsters whose feelings are hurt most by it seem to be the most unrealistically idealistic -- the ones who think all information should be free and nations should not need borders. Employing such people in the Intelligence field is asking for trouble. "Imagine no possessions" all you want -- but be careful what you wish for.
  • The outrage isn't that the government conducts surveillance operations, it is who the government considers its enemies to be (i.e. under the Obama administration, Catholics have been labelled as "terrorists").
  • The answer to government abuse of power is going to be what, more laws, more committees, more government power?
  • Spilling national secrets to the worldwide media because you are disillusioned with your government or the world or your own life is still traitorous.  You're not a "whistle-blower" just because you disagree with the government, nor are you necessarily a "hero". 
  • If you want to "blow the whistle", there are channels for doing so. If the "system" fails you, you can always offer the story to a British tabloid then.
  • Everyone also "knew" that Google and other big information harvesters were doing exactly that: "harvesting" information.  Isn't anyone outraged that they are behaving merely as appendages of a very politically motivated presidential administration?
  • There should be no doubt now, if any were remaining, that there is "Us", and there is "Them".
  • Finally, does the government know anything about you that you haven't already posted on your Facebook page?

Sunday, June 09, 2013

How Kennedy Catholics Nationalized Healthcare in the USA.

Fr. Richard John Neuhaus on the (Catholic) Campaign for Human Development:
Ten years ago, CHD was exposed as using the Catholic Church as a milk cow to fund organizations that frequently were actively working against the Church’s mission, especially in their support of pro-abortion activities and politicians. Now it turns out that CHD has long been a major funder of ACORN, a national community agitation organization in support of leftist causes, including the abortion license. ACORN (Association of Community Organizations for Reform Now) is under criminal investigation in several states. In the last decade CHD gave ACORN well over seven million dollars, including more than a million in the past year. It is acknowledged that ACORN, with which Sen. Obama had a close connection over the years, was a major player in his presidential campaign.
First Things, November 7, 2008.

And this is how the Kennedy Catholics finally nationalized the healthcare industry in the United States of America.

Pope Paul VI was not kidding when he said, "The smoke of Satan has entered the Church."

Saturday, June 08, 2013

Get Used To It.

The stories that have broken about absolute surveillance of everyone, everywhere, at the whim of  the government, abetted by corporations who handed over customers' private information, is causing quite a stir, and rightly so.

But we have all suspected it all along, anyway.

In the end, what this exercise in media-moderated-debate will do is simply this: it will legitimize the ubiquity of government surveillance in the public mind.  It will be the watershed that society has experienced which makes acceptance of an absolute police state not merely possible, but inevitable.

When all the promises have been made, all the outrage has been vented, committees convened and bills proposed, the net effect will be this: The Digital State -- the Government/Corporate Complex -- with all its perils for individual liberty, will have arrived.  This new reality will shape all social institutions going forward, in an official way.

Make no mistake: the Digital State is the enemy of the individual.  How we adapt will be the topic du jour.

Having said this, I'm not so sure that idealistic, post-adolescent males betraying their security pledges because they get the idea that they can save the world is really a good thing.

Sounds like the boy has watched a few too many "Bourne" movies.

And after all, we all knew that communications were subject to surveillance 10 years ago.

The only thing different now is, of course, that Obama sees political opponents as "terrorists."

Monday, May 27, 2013

Dolan's Faustian Bargain

Archdiocese Pays for Health Plan That Covers Birth Control
But even as Cardinal Dolan insists that requiring some religiously affiliated employers to pay for contraception services would be an unprecedented, and intolerable, government intrusion on religious liberty, the archdiocese he heads has quietly been paying for such coverage, albeit reluctantly and indirectly, for thousands of its unionized employees for over a decade. 
So says the New York Times.

We have, in other venues, repeatedly outed His Emminence as the most outspoken advocate of socialized healthcare since perhaps Ted Kennedy himself.  "The Church has been advocating nationalized healthcare for over a century" was the refrain that rang through several of the inserts he provided to local parishes. This much we witnessed. From religious who work very closely with him, we heard more. What he might have said in private to the power brokers that crossed his paths; or to the Abortion President himself when they chatted at 1011 1st Avenue, can only be guessed.

As to the claim of Church support of nationalized medicine, it is either incomplete or inaccurate, unless what he meant to say was, "Certain Bishops, politicians and other power-players have been advocating nationalized medicine...." But not the Church.  Marxism is known to twist the Catechism to support redistributionist and totalitarian revolutions. Got Marx, Your  Emminence?

Can the Cardinal be so naive as to have been unaware of this? One doesn't arrive at that office on the short bus.  Dolan is a politician. Politicians smile big and make compromises.  He advocated Obamacare to begin with -- "be careful what you pray for", eh, Cardinal? One Faustian bargain leads to another. This is the way the world does business.  But the Church is "not of this world."  Which is to say, no matter what sort of hat and robes you wear, if you're making Faustian bargains, you're not doing Church business.

Certainly Obamacare could not be the cancer it is on this nation were it not spearheaded and supported by the old Irish-American Democrat-First-Then-Catholic guard.
“We provide the services under protest,” said Joseph Zwilling, a spokesman for the Archdiocese of New York
How noble. You're still paying for it, and using my tithe to do so, and I object to that in the strongest terms.

Saturday, May 25, 2013

Woolwich Slaughter

"Betrayal of Islam" or fulfillment of it?

Saturday, May 11, 2013

McMansions for Manhattan?

I am not impressed that Toll Brothers buys conspicuous advertising mentions from the Metropolitan Opera.  I remember Toll Brothers as the purveyors of McMansions during the historic housing bubble -- shoddy, gaudy, McMansions clad in imitation stone that overleveraged yuppies shipwrecked their financial futures on. People leave New York City for that crap. They come here to get away from it.

The Brothers will learn that New York City is not some vacant lot in a distant suburb of a Midwestern city.  Real Estate in New York is more like organized crime, or, perhaps less disparagingly, a mega-medieval guild.  You might not be able to just waltz in here from Pennsylvania and insert yourself into the pecking order. You might have to pay up, and wait in line.

New York is big patchwork quilt of myriad communities, so please take your manufactured community mentality somewhere else, because New Yorkers really don't take to big-business environments and we don't want our city to become a haven for McPeople who do.

Wednesday, May 08, 2013

Texas braces for Invasion of Slimy Predators

In a story reminiscent of a 1950's sci-fi "B" movie, giant, deadly, concrete-eating snails have been found in Texas.
"Ride 'em, cowboy ;)"
 Residents were alarmed until it was discovered that the slimy creatures were part of President Obama's advance team, preparing the way for his visit to the area.

The President was passing through on his way to meet with supporters at a Brokeback Mountain gala.

Separately, sources claim to have discovered dozens of photographs on the President's iPhone of former president George W. Bush. The clipped photos mostly showed the former president doing manual labor on his Crawford, Texas ranch, sweating profusely while clad in a blue jeans, T-shirt and cowboy hat and boots. 

The sources confirmed that Obama does in fact have pictures stored on his iPhone of the former president's paintings, self-portraits of him shaving and taking a bath.

Monday, May 06, 2013

Who's Calling the Tune?

Bust a white hick in Minnesota with "ties to a militia" and the first press release declares that a terrorist plot has been foiled( )

Scrape body parts off the streets of Boston and then spend a day and a half chasing down two armed Muslim teenage bombers and everyone from the president on down remonstrates us against a "rush to judgment".
Obama appealed for Americans to avoid a rush to judgment, saying people should stay true to the "unity and diversity that makes us strong."( )
Unless, of course, you're a white American male.

Saturday, April 27, 2013

Facebook tumor.

I received an email from Facebook informing me that I have provided some organization with my email address and I therefore should be getting emails such as these from Facebook.

Perhaps I did, I don't know, but I doubt it.  I never give my email address to "organizations" that I don't absolutely have to, and while that is just about all of them, this one wasn't included, I'm pretty sure.  But what if I did? What does Facebook have to do with it?

I instinctively mashed the "This is Spam" button, not quite registering that it was spelled in pale blue type, and a moment later saw a Facebook page courteously informing me that "we have recorded that you do not want to receive email messages from X.  We are sorry for the inconvenience."

Now hold on. I do not use Facebook, nor will I ever, willingly. Why then is it "recording" my wants?  I back-page a couple of times and find the "Unsubscribe' button that Facebook, once again, has deigned to offer me.  I press it, and am taken to a page that notifies me that I have been "unsubscribed." But why am I anything to Facebook, subscribed or no?

I suppose it's because so many other webpages are somehow wired into it that they disclosing information about my visits to them to Facebook, and the folks there feel that they know me.  And who knows just how right they might be?  All I know is, I can't wait until the databases all melt down, and the Facebook tumor is gone.

Monday, February 11, 2013

When the pope resigns...

...despots drool.

Some cardinals do, too.

Saturday, January 19, 2013

O, Te'o, and "composite girls"

The president of United States got a complete pass for fabricating girlfriends in his "autobiography."

If it's a bad thing for a college athlete to do that, isn't it a bad thing for the president, or jr. Senator-candidate-for-president to do it?

On the other hand, if Te'o is the "victim of a hoax", what does that make the American people?

Tuesday, January 15, 2013

Why Bear Arms?

It's simple: by constitution, the government of this country isn't a bunch of sharpies in Washington, DC. Quite the contrary. The government is of The People. Those suits in DC are merely agents of The People -- they're our go-to boys, not our masters.

Since the power of the government is rooted and invested in The People, the defense of the nation is invested with The People. Furthermore, as the establishments of representative government are divided for the purposes of limiting the power of each, in favor of the power of The People, so the right to ultimately limit the power of those institutions, should the separation of powers fail to, is granted to The People through the right to bear arms.

In other words, your right to keep and bear arms, along with mine and everyone elses, is your last defense against tyranny.

Have you seen the weaponry that the tyrants around the world, and their surrogates, are using? That's why you need high-capacity ammunition clips. They're not for deer hunting. They're for homeland defense.

If your representatives coerce you into giving up your Second Ammendment rights, the upending of this Great Experiment will have been completed. On paper, at least.

Thursday, January 10, 2013

CNN: "Google's Schmidt urges N. Korea to embrace Web"

Why not? It's the ultimate surveillance tool for the modern Totalitarian State.

Tools for Dictators: Google's newest marketing push.

Former New Mexico Governor Richardson: "...a purely humanitarian mission..."

Tuesday, January 08, 2013

“The Jewish lobby,” said Chuck Hagel,...

“intimidates a lot of people up here."

So does the "Black lobby," Chuck.

Wonder what your chances of confirmation as a Cabinet member would be if you'd said that.

Saturday, December 29, 2012

A mind is a terrible thing.

Should IQ tests be required?

Tuesday, December 25, 2012

When guns are outlawed...

...only criminals (and government employees) will have guns.

Then we are all screwed.

Sunday, December 16, 2012

It is madness... ask the motives of a madman. Ask instead the cause of his madness. Better still, ask what "medication" he was on for his madness.

Saturday, December 15, 2012

Obama Poses

The man who described a baby as "punishment" to its mother; among whose largest campaign contributors -- both rhetorically and financially -- Planned Parenthood is included; the man who, as a legislator, supported partial-birth abortion for convenience and profit -- this man is weeping for the dead children of Newtown, Connecticut?

Thursday, December 13, 2012

121212 --The Review You Won't Read In The Papers.

Wrote the following to a friend and decided everybody should read it:
...I turned off the concert after the Who, much as I’d love to have seen Paul McCartney.  The other names, whatever.  Their promo pictures looked scary, and at two hours, I’d had enough.  Getting old, I guess, just like everyone on the show.  Bon Jovi?  I’m sorry – I call him the Zenith of Nadir. Steven Colbert's idiot blathering about "doing a line of helping someone"?! Wha...?  That wasn't just bombing, that was suicide bombing.  Yeah, that's it: help people because it gives you a buzz.  I was embarassed just listening to that idiot.

I love attitude, having quite an attitude myself, but this whole “we’re New Yorkers and WE CAN DO ANYTHING” stuff is getting really overplayed.  It might even be mostly true, but it’s been milked.  Isn’t a bit like shaking one’s fist at God?  I can’t imagine it isn’t accruing to some cosmic backhander to put us all back in our place.  And the fact is, all the pissing and moaning I’ve heard about this freaking storm has made me sick.  The fact that there is even a fundraiser for it is sickening. FEMA’s out there throwing money at people, whose biggest problem is that they have to wait a month for the brand new insurance replacement cars, furniture, wood flooring, whatever.  Some guy at work was whining day in and day out about this. Woe is he, with his insurance-reimbursed new kitchen, new car, etc etc.  Nope, if New Yorkers were THAT tough, we’d have just done it and not cried and sung about it so much.

Where were the telethons and global concerts when no less than four hurricanes in a row hit central Florida?  There weren’t any.  There were billboards and editorials blaming George W. Bush for them, but no gratuitous, hyperdramatic, grandstanding and cheerleading mega-concerts brought to you by mega-corporations.

Getting back to the show…Townsend looked like he’d lost his bearings a couple of times, jumping around like a teenager with his Strat.  But that’s because he was giving it his all, as did Roger Daltrey and the whole band.  It was excellent.  Then they fucked the whole thing up by flashing a picture of President Zero smiling that narcissistic smile while feeding two starving, scrawny orphans  from the Serengeti or somewhere in Jersey; mooing about “love raining down”.  What a jolting juxtaposition of sensory shocks: great music and putrid propaganda.

Sunday, December 09, 2012

The Heavens are....stainless steel

Skeptics and poets who pass by St. Patrick's lately must be thanking their preferred deities for his eminence Timothy Cardinal Dolan, whose management of the place (not to mention his writings) gives us tasty fodder upon which to ruminate.

The proverbial We, for example, did not think it would so soon see the gauntlet of Kevlar-clad, machine-gun-wielding, K-9 reinforced "police officers" (earning union-scale overtime), through which worshippers had to pass to attend Sunday Mass, outdone by a greater demonstration of naked force. But we clearly underestimated his eminence's affinity for such things. After all, WWJD?

Apparently his eminence believes that He would outfit the entrance the Cathedral with impenetrable stainless-steel doors that look like they were borrowed from the gold vault at the Federal Reserve. The Gates of Hell be damned.

The heavens used to be brass. But the Cardinal has upgraded them.
Keeping the Doors Wide Open

Thursday, November 15, 2012

The Market Votes

Obama Wins! 2012 -5.28%

Yes, we know the world is falling apart faster than usual -- there is an undeclared war taking place in the Middle East as we write this -- but we didn't want this other fact fact to be lost in the news flurry:  the Dow has lost 5.28% since Obama was re-elected -- right on par with the loss it suffered the first time he was elected.

Thursday, November 08, 2012

If Voters' Main Concern is The Economy, How Did He Win?

According to AP and CBS News:
Sixty percent of voters who cast ballots on Election Day or earlier say the economy is the most important issue in their vote, according to an early CBS News exit poll.
Wow, 60%. That's a big majority as elections go. So, how did the man who has presided over the worst economy since the Great Depression, whose policies have done nothing to alleviate record rates of persistent unemployment, who has brought the national debt to record levels while tax revenues have fallen -- how did this man "win" a second term as president?

It is all the more unbelievable in light of this obvious fact:
In CBS News/New York Times poll of likely voters taken shortly before the election, Mitt Romney had the edge over President Obama on the question of which candidate would do a better job handling the economy, 51 percent to 45 percent.
How did he "win"? It's clear that he couldn't have. This election was a fraud using the Chicago political machine template. You can take that to the bank.

Are you going to let them get away with it?

Wednesday, November 07, 2012

Markets React to Election Results

"Change" as depicted in a stock price chart:

Obama Wins! 2008
Dow Jones -5.05%

Obama Wins! 2012
Dow Jones -2.36%
(After the Stimulus, The Economic Plans,
All the "jobs added", and QE1, QE2, and QE3.)

The Black Cloud

Gee, how come all the people on the commute and in the office weren't positively giddy like they were four years ago today?

In fact, people seemed shellshocked, traumatized. Is it because nobody believed he would see the headline "Obama Wins" again? Is it because nobody with a lick of sense believes he could "win" an election? That's what our money's on.

Oh my, look at the stock market. Isn't there another post around here about it plunging the last time Obama was elected? Why, yes, there is. Welcome back to Wall Street, Mr. Hope and Change.

There's a silver lining: Hell is eternal, but we only have to endure another four years. Unless, of course, there's an investigation. Or some other great overstep, which the arrogant incompetent can be counted on to take.

First the Yankees, now this. What's next, The Black Plague?

Tuesday, November 06, 2012

In NY, Vote Anywhere (and everywhere?)

Keywords: "Bad Idea","Abetting Voter Fraud", "Every Official Act Of A Leftwing Pro-Abortion Governor Is Suspect On Election Day."

From BBC:
In New York, Gov. Andrew Cuomo said Monday he has signed an executive order allowing people displaced by Sandy to go to any "approximate polling place," sign an affidavit add cast their votes for president, U.S. Senate or other races that would have been on the ballot in their own precincts.

"We want everyone to vote," Cuomo said. "Just because you're displaced doesn't mean you should be disenfranchised."

The "D" word, just as we predicted, merely one post before this.

Let's say that the "community" is "organized" in such a way that enthusiastic or professional ballot-casters can do so in 10 precincts, instead of just one or two like they usually do. Under what circumstances, if any, would such fraud be discovered?

Saturday, November 03, 2012

This is your country on socialized medicine.

Germany's Merck halts supply of cancer drug to Greek hospitals
8:03am EDT
FRANKFURT, Nov 3 (Reuters) - German pharmaceuticals firm Merck KGaA is no longer delivering cancer drug Erbitux to Greek hospitals, a spokesman said on Saturday, the latest sign of how an economic and budget crisis is hurting front line public services.
Drugmakers raised concerns with EU leaders earlier this yearover supplies to the euro zone's crisis-hit southern half and Germany's Biotest in June was the first to stop shipments to Greece because of unpaid bills.
Publicly-owned hospitals in some countries worst hit by theeuro zone debt crisis had been struggling to pay their bills, Merck's chief financial officer, Matthias Zachert, was quoted as saying by German paper Boersen-Zeitung in an interview on Saturday. He said however that the only country where Merck had stopped deliveries was Greece.
"It only affects Greece, where we have been faced with many problems. It's just the one product," he told the paper.
A spokesman for the company told Reuters that the drug concerned was Erbitux and that ordinary Greeks can still purchase it from pharmacies.
Some countries have taken action to pay bills, such as in Spain, where the government has said it will help hospitals topay off debts.
"That has improved things, even though the situation should still be regarded as critical for the coming years," Zachertsaid.
Erbitux is Merck's second best-selling prescription drug, bringing in sales of 855 million euros ($1.1 billion) in 2011from treating bowel cancer and head and neck cancer.($1 = 0.7785 euros) (Reporting by Frank Siebelt and Victoria Bryan; editing by Patrick Graham)
Key passages:
  • Publicly-owned hospitals in some countries worst hit by the euro zone debt crisis had been struggling to pay their bills
  • ordinary Greeks can still purchase it from pharmacies
  • Some countries have taken action to pay bills, such as in Spain, where the government has said it will help hospitals to pay off debts.
An "ordinary Greek" must be one who can afford to pay for his own medical care. All the other ones -- who can't purchase it -- must be the ones who rely upon the public health system. That is, they must rely on the government to deliver on the goodies it promised when it made itself THE market in medical services. But the government is broke.

Socialized medicine rations healthcare, and rationing always causes shortages. Then it becomes a matter of somebody escalating force in order to compel supply - otherwise known as coercion, and possibly theft. So, as long as the government can continue to bully suppliers or squeeze taxpayers, Granny might get her medicine.

You'd think people would learn. But even if they do, by the time that happens, an entirely new generation of idiots has come along to be manipulated by politicians.