A Radical Plan To Save America’s Economy In One Year
Posted by freedomforall 1 month, 1 week ago to Economics
Excerpt:
"The policy measures I suggest are a kind of fiscal time machine – A way to turn back the clock on collapse. Some might consider them “radical” but they are only policies that America USED TO value and that we have been pressured to forget. Can the modern American brain with its steady exposure to big government and socialist programs handle such a shift? It’s hard to say.
I think if people are desperate enough they’ll accept any solution that they feel works. And for now the elites that created the crisis are the only group offering a way out (a false way out). If I could snap my fingers (or if I was king for year), this is the list of actions I would undertake to save the American economy before the end of 2025 (or at least set it on the the path to resurrection)."
"The policy measures I suggest are a kind of fiscal time machine – A way to turn back the clock on collapse. Some might consider them “radical” but they are only policies that America USED TO value and that we have been pressured to forget. Can the modern American brain with its steady exposure to big government and socialist programs handle such a shift? It’s hard to say.
I think if people are desperate enough they’ll accept any solution that they feel works. And for now the elites that created the crisis are the only group offering a way out (a false way out). If I could snap my fingers (or if I was king for year), this is the list of actions I would undertake to save the American economy before the end of 2025 (or at least set it on the the path to resurrection)."
Too many coincidences is not a coincidence
“Things you must know to be informed...
YES, THE GOVERNOR OF MICHIGAN USED TO WORK FOR GEORGE SOROS.
YES, CALIF GOV. GAVIN NEWSOM IS NANCY PELOSI'S NEPHEW
YES, ADAM SHIFF'S SISTER IS MARRIED TO ONE OF GEORGE SOROS’ SONS.
YES, JOHN KERRY'S DAUGHTER IS MARRIED TO A MULLAH'S SON IN IRAN.
YES, ABC NEWS EXECUTIVE PRODUCER IAN CAMERON IS MARRIED TO SUSAN RICE, OBAMA'S FORMER NATIONAL SECURITY ADVISER.
YES, CBS PRESIDENT DAVID RHODES IS THE BROTHER OF BEN RHODES, OBAMA'S DEPUTY NATIONAL SECURITY ADVISER FOR STRATEGIC COMMUNICATIONS.
YES, ABC NEWS CORRESPONDENT CLAIRE SHIPMAN IS MARRIED TO JAY CARNEY, FORMER OBAMA WHITE HOUSE PRESS SECRETARY.
YES, ABC NEWS AND UNIVISION REPORTER MATTHEW JAFFE IS MARRIED TO KATIE HOGAN, OBAMA'S FORMER DEPUTY PRESS SECRETARY.
YES, ABC PRESIDENT BEN SHERWOOD IS THE BROTHER OF ELIZABETH SHERWOOD, OBAMA'S FORMER SPECIAL ADVISER.
* YES, CNN VP VIRGINIA MOSELEY IS MARRIED TO TOM NIDES, FORMER HILLARY CLINTON'S DEPUTY SECRETARY.
THIS IS WHAT YOU CALL A "STACKED DECK". IF YOU HAD A HUNCH THE NEWS MEDIA WAS SOMEWHAT RIGGED AND YOU COULDN'T PUT YOUR FINGER ON IT, THIS MIGHT HELP YOU SOLVE THE PUZZLE.
Now you know why no one is investigated. They all have their hands in the cookie jar! You might remember James Comey who investigated the Clinton email scandal and the Clinton Foundation, and made the final decision to not recommend prosecution by the DOJ.
It turns out that the Clinton Foundation was audited by the law firm DLA Piper. One of the executives there was in charge of the Clinton Foundation audit.
Who was it? Peter Comey, James Comey’s brother. Peter Comey held an executive position with the Washington law firm that did the audit of the Clinton foundation in 2015. Peter Comey was officially DLA Piper “Senior Director of Real Estate Operations for the Americas,” in 2015 when the Clinton Foundation scandals first broke and Hillary was preparing her Presidential campaign. Not only was DLA Piper, the firm where Comey’s brother worked involved in the audit of the Clinton Foundation, but according to the foundation’s donor records, DLA Piper has given between $50 - 100k to the Foundation.
It gets even cozier. DLA Piper executive Douglas Emhoff is taking an extended leave of absence from the firm. Who is Douglas Emhoff? He is the husband of KAMALA HARRIS! Just a coincidence? Amazing if it is. You can't make this stuff up!
And it only gets worse. This "Family Tree" will make your head spin . . THE SWAMP IS DEEP!!
Dominion (voting machine provider) serves 40% of the US market. It is in 30 states - - The state of Texas rejected the machines.
- Admiral Peter Neffenger is on Biden's transition team.
- Neffenger was the President of the board of Smartmatic.
- Smartmatic (another voting machine supplier) entered into an agreement with Dominion in 2009.
- Smartmatic counted votes in Venezuela.
- Smartmatic is connected to Philippine voter fraud.
- Smartmatic is run by Lord Mark Malloch Brown who works for George Soros (-he and Brown are life-long friends).
- Brown chairs the Boards of a number of non-profit boards including the Open Society Foundation.
- Brown chairs the Centre for Global Development.
- Open society of course is owned by George Soros.
- Smartmatic partnered with DLA Piper Global.
- Douglas C. Emhoff works at DLA Piper Global.
- Douglass C. Emhoff is Kamala Harris's husband.
- Guess who owns Dominion? - -Blum Capital Partners, L.P.
- Guess who is on the board for the company? -- Richard Blum.
- Richard C. Blum is Dianne Feinstein's husband.
- Nancy Pelosi's husband Paul is also a major investor.
- An aide to Nancy Pelosi, Nadeam Elshami, was hired by Dominion Voting Systems.
And it goes on.....
- Dominion Voting Systems is listed on the Clinton Foundation website.
- Dominion Voting is listed as a $25,000 -$50,000 donor to the Clinton Foundation in 2014 by The Washington Post.
- Georgia Governor Kemp used Dominion Voting after Texas and Florida rejected them.
- Dominion has a lobbyist named Jared Thomas.
- Jared Thomas was Governor Brian Kemp’s chief of staff and press secretary from 2012 to 2015.
- You must remember the Feinstein-Kavanaugh-Soros connections to understand this next information
in business.
Then the fedgov withholds funds from state governments to keep them in line.
Florida to Texas should withdraw consent from the thievery and keep the funds
in private hands within each state. Then let the people decide what is important
enough to voluntarily support financially, if anything, in competition with private
businesses offering the same services.
The fedgov doesn't provide anything worth the destruction of civilization which
is where the current policies lead.
Secession is the only peaceful response to tyranny, treason, genocide, and theft.
We should nationalize it. If the gov creates nice bonds at 10% interest (Crushing, but great for the average person, so they don't need to gamble in the stock market). Tax Free Earnings.
THEN that is the M1 Money supply.
The M3 is created by letting the small/local banks lever up their deposits/loans. Typically it is 15X bigger than the M1 money supply.
BTW, assume the Fed Window Charges only 1% per year in interest to these banks. That means the fed collects 15% (against the M1 supply!).
Yes. That's the first THEFT. It funds the corruption on K Street. END THIS. So that our government COLLECTS 15% and pays out 10%
And we use the remaining 5% to pay down the debt.
But this would CRUSH the central banksters, and damage wall street and K street, while saving mainstreet.
Meanwhile. ZERO income tax on individuals.
ZERO inheritance taxes.
But PROPERTY taxes make sense to me... UNTIL MAYBE you retire. AFTER 62, ZERO property tax on your PRIMARY RESIDENCE. (if you own more than one residence... You don't need the tax break on the second residence nearly as badly).
The federal reserve act is the license to steal for the banksters.
"Passed" con-gress without a quorum by corrupt con-gresscritters following instructions of the banksters.
Seize all banks assets and pay down the national debt created because of the Federal Reserve Act.
(Sorry to the shareholders invested in a massive cartel profiting by stealing from the American people.)
Income tax is communist where the government declares it owns your production (in the name of the people, of course) and we all play the game of "How much do I owe?" when in reality it's "How much will the government let me keep?". As long as there is any income tax it will never be ZERO on individuals because they will pay higher prices for goods and services to cover it for another.
I certainly don't want a BIG HOA running things.
I live in an HOA... Not great.
Of all my taxes, my property taxes are the least offensive and don't go up like my home owners insurance.
At the end. The government has a GOAL of protecting that property. We just live in such a screwed up society where we are taxed by people who want us dead. It's hard to compare.
How do you fund the local infrastructure, schooling, fire dept, etc?
"So, how do we cover the local infrastructure?" There are ways to tax and raise revenue without placing a lien on your property or confiscating your production at gunpoint - an abomination on a people calling themselves "free". Tariffs and sales taxes on non essentials is probably the best because EVERYONE gets to see what it is. You want more stuff from government with a tax for all to see? Maybe the people will decide they don't want or need as much government "help" and will endeavor to do more on their own. Keep in mind the greatest government expenses are not in building roads or sewers.
(If you don't pay for fire dept., your house can burn down
and your insurance cost will be much much higher.
Yes, insurance is another insane rip-off forced by banksters in league with insurers.
Without home mortgages home prices would be 80% lower and insurance much lower.)
Home school or hire a tutor that you have personally vetted as competent and idiologically sound. Public school is a POS.
(If you have no children, you don't have to pay for others' offspring being indoctrinated as in public schools).
We moved to Colorado in 1954, to suburbs near Denver. Colorado was a proven conservative state---thank God---and we had to provide our own accessories, though books were loaned. I finished high school in Golden, Colorado, where the School of Mines was located and many friends had parents who were professors. Golden also is not far from Rocky Flats where at one time plutonium triggers were made, and my physics teacher had resigned his position there and began teaching.
So I think you're right, and I was fortunate to have moved to a very conservative location to finish my pre-college schooling!
And government has no competition. I see your point. In the past, however, and as our founders desired, the holders of private property were in essence a counter-balance to government monopoly of...everything. The Left has been busily engaged in preventing the role of private property in balancing power.
The other two are equitable and fair; equitable so the company is not charging more than necessary, and fair so that a risk with a brick house is not paying more premium than one with a frame house.
I wasn't and still am not, against deregulation, but it is not something that can be done instantaneously.
Just looked it up; I think it was Frontier.
The causes of the crash in the transportation and other industries is certainly, as copilot would put it: complex, multi-faceted, and nuanced. But then copilot wouldn't be able to find a solution, and we could. That is, rational and reasoning humans could.
But if we could fix the BNKSTERS control.
Stop the income tax.
And stop the K-Street funding of the RNC/DNC (ie, hijacking our elected representatives)...
We would be 90% better. Maybe 95% better. I would gladly pay my Property Taxes, which are like 30 times less than my income tax on a good year.
But when I buy something, it's mine and I shouldn't have to pay tribute
or have my property seized (stolen) by local/state government by force
of arms for so-called 'services' that are better provided by free market
competition and voluntary contract.
I do not own any 'real estate' because I won't be robbed in that way.
It's not much different from 500 years ago:
https://www.galtsgulchonline.com/post...
With the amount of indescribably stupid people with driver licenses and hence the ability to vote, tells us in no uncertain terms.... We are so screwed .
Ours friends can no longer trust us (when I say "us" or "we", I mean our present government) to help them, or even to keep our word.
We are destabilizing the worlds financials systems (hence BRICS). We are a dangerous country to be associated with socially, financially or militarily.
Our foes are giddy with pleasure: we are weak and woke, we are leaderless and pathological liars, both greedy and stupidly short-sighted.
Allegedly, half the country supports the most stupid, Marxist, dishonest, soulless, Godless creature to ever hump their way into high office.
Lord help us if there really is that many brainless, people of voting status in our once great Republic.
Two results are absolutely certain if the election is stolen for a second time:
1) The dollar be be dropped as the worlds reserve currency, putting this nation and the western world into a full financial depression, the likes of which no man alive has ever seen.
BRICS has more members joining every month, they know the ship is unsound, floundering, at great risk of hitting the tipping point.
2) Our enemies will take full advantage of a weak, feckless and patently incompetent HairAss administration.
Be it North Korea, Iran, China, or any number of Mideast/African/South American countries we have totally Effed-Over in the past 70 years.
The Rats have devised yet another strategy to steal votes: Foreign ballots.
You may or may not have heard, if you (an American citizen) live or are traveling outside the country on election day, you can request a ballot to vote in any state, regardless of your actual domicile.
The Demon Rats have requested tens of millions of these ballots.
Many times in excess of actual absentee voters!
There is little doubt of how these millions of absentee foreign ballots will be used.
We are fighting the worst kind of treachery against our once proud Republic.
These Traitors need to be exposed and prosecuted to the full extent of the law.. or there is no law.
Such be the case.... All Bets Are Off.
Pray that does not happen.
Ugly will discover a whole new meaning.
The reason for this is that in order to be totally fair each voter should have access to the same information at the time of the vote. A voter could vote one week ahead, but from that time to the scheduled voting date, some things might have changed, a candidate falling ill or dying or whatever or anything else that could skew the results.
India has 969 million voters!
Yet this third world nation counted all their hundreds of millions of ballots paper ballots before midnight!
So why is it the most advance country in the world can't keep pace with a ginormous mud-hut country?
Unless it is being done on purpose.
And what is that purpose?
To Cheat!
These traitors to our Republic need to be treated like the traitors they are: stood up against a stone wall and shot.
Someone could study how Indians vote. It may not be exactly what you think it is.
- You must remember the Feinstein-Kavanaugh-Soros connections to understand this next information.
- Debra Katz (Christine Ford's lawyer) worked for George-Soros at the Open Society Foundation.
- Debra Katz (Christine Ford's lawyer) also worked at Project on Government Oversight (POGO).
- POGO is funded by Soros’s Open Society Foundation.
- POGO is the co-signer of the letter Diane Feinstein presented against Kavanaugh's nomination.
- Kamala Harris did not prosecute OneWest Bank for their fraud when she had the authority - Soros owned OneWest Bank.
- Now you know why a woman who placed 7th in her own State when running for President is now VP!
VERY SCARY STUFF and obvious why they need President Trump out of the picture!
1) Eliminate all government deficit spending immediately. Just force budgetary restraints.
2) Deal with the resulting recession by reducing the most onerous of the regulations that stifle innovation
3) Eliminate ALL tariffs to allow cheap foreign goods to be purchased inexpensively by americans and therefore have more money to live on and grow our economy. Tariffs just inhibit the domestic economy by siphoning off consumer funds. Chinese stuff costs 1/3 of what american similar stuff would cost. Even 100% tariff wont do much except make consumers give our government money to waste.
It's pretty obvious that when there is more money floating around (result of printing it or some kind of Fed operation) than there are goods and services, prices rise.
I always use the mining towns of the late 19th century as a good example. There was more gold ore and dust, and silver, than food itself. So of course, it could be called inflationary. When money is cheap, goods and services increase in value.
Actually, though, paying interest on the debt, in the amount the U.S. has accumulated, IS inflationary. Look at Germany, after World War I. Hyperinflation, trying to pay reparations to Clemenceau.
Governments, on the other hand, should exercise more care. Treasuries are used on the open market to either decrease or increase the money supply, but there should certainly be a limit to their use, and I believe there is, in the sense of buying and selling. There are several tools the Fed can use to moderate the economy.
I would have to look this up, but I think because the corporation is a separate entity, the stockholders do not pay the debt if the corporation goes broke: the assets of the corporation are sold to pay that debt.
Or the corporation is sold to another corporation. And the growth of big business begins...
Or the government, and I think the U.S. already has, lost its 'full faith and credit'. Hard to get loans that way!
They should have zero power outside their own cartel, and if the cartel is anti-competitive to the economy (which it obviously is) then the cartel should be broken up never to be allowed power again.
Currently I'm researching early banking, and early central banks, England and elsewhere. When I have more info I'll let you know.
In accusing the Fed of being a cartel of banking interests, you are overlooking the content of their quasi-governmental directorates.
Colonel House, Wilson, Paul Warburg and certain other German bankers, were involved. In fact, I think Warburg was the first head of the Fed.
By the way, freedom, I only read primary sources, since there is no scholarship in modern scholarship, and 16th, 17th century English is tough going!! (And I hate to say this, since you so kindly referred it to me, but cute titles turn me off.!)
I should add, I have Colonel House's four volume set of his "Intimate Papers". I believe he relates some of how the Fed came about. I'll start there. By the way, did you ever read "Phillip Dru, Administrator", by Edward Mandel House? Speaking of House.
Another good book, "Thomas Woodrow Wilson, A Psychological Study" that Freud wrote with the assistance of William C. Bullitt, was published in 1967, after Freud had died, and explored what Bullitt and Freud described as a 'savior of the world' complex, starting with stories from his childhood. Bullitt was a diplomat, and had been sent to Lenin to negotiate on behalf of the Paris Peace Talks. If I remember correctly, it was then that Bullitt lost any admiration for the Russian Revolution.
The entire disgusting scheme to take complete control of the
government, the economy, the world, courtesy of a gang of
bankers meeting at Rockefeller's island hideaway in secret.
It could change your understanding completely.
By the way, and this is off-off-topic, but have you ever heard of the Tavistock Institute?
Increasing or decreasing the discount rate, the rate the Fed charges banks to borrow so as to provide the correct amount of reserves, is less preferable than a change in the overnight rate, which banks charge each other for the same reason, to ensure their reserves at the Fed is adequate, though it is influenced by the discount rate itself.
Usually, the Fed uses open market operations, at least that was what was being done in the eighties through 2008, when Bernanke actually lowered the discount rate to nearly zero, and lost one of his most potent tools. Open market operations changes interest rates on treasuries, which then filters down to other rates, at the same time increasing or decreasing the money supply. EXCEPT in the fall of 2008, when Bernanke had to come up with something else, which he called Quantitative Easing, and which I still don't understand. You need to realize I've been away from macroeconomics since then, as the Marxist Obamma couldn't actually understand how the Fed really works.
They decided to use interest rates because it benefits the cartel, not because it's less intense.
Rates are the most intense on the common customer/citizen who has no choice in the matter and is being robbed by the system.
You have stated that 'someone' needs to manipulate the banking system to stabilize it.
The system has been less stable under the Fed than it was before the Fed.
Prior to the Fed only wars or tulip craziness could cause economic calamity and that was very infrequent.
Since the Fed stole power, it has been one calamity after another.
The only thing that has saved the cartel is the demand for dollars due to the petro dollar.
The system isn't there to stabilize the economy; it's there to benefit the banking cartel.
There is no one who can be trusted to have this power, and that has been proven repeatedly over the past 111 years.
Who has profited from every single calamity? Who has been protected against all losses?
It's obviously only working to enrich the cartel, so let's just keep on doing it.
The very definition of insanity - unless you are the cartel.
Manipulating an economy is never easy and the proof is what a disaster it has been for everyone except the cartel.
The foxes have been controlling the hen house for 111 years. That is never good for the hens.
The people have been treated like cattle to be slaughtered for 111 years by the cartel.
Rates should have never been manipulated to moderate demand by the cartel that caused the demand.
Punishing the victims has been done for 111 years. Time to punish the perpetrators in the cartel.
So in researching I found a book published in 1896, written by a libertarian, and I may disagree with some of his conclusions should he have any, but I thought it would be a good introduction. I am quite pleased with the first sentence of the author's preface: "The essential function of a bank is to facilitate transfers of capital". Reckon I'll do a bit of reading tonight.
The book is "A History of Banking in the United States", William Graham Sumner, 1896.
"He first related: "...America's economic structure would remain unstable so long as arrangements were not perfected for increasing the elasticity of the currency."
"When, Herr von Gwinner said, the United States possessed a Central Bank the phenomenon of Clearing House Certificates with which America was accustomed periodically to edify the world would vanish. *(Here's the important part:) America would require when establishing a central bank so to shape its Constitution that its policy could never be controlled or manipulated for political interest or for the interest of a special financial group. If the bank became the plaything of special interests it would prove more fatal than the disease it was created to destroy."
Now, in historical terms, the fact of the superb banking facilities in Germany prior to the turn of the 19th century was one factor in the rise of German industry: chemistry, especially.
That is all I will comment on this subject, freedom. There are still too many Leftist Marxists and Communists running around loose, many with their heads cut off (especially now!).
The above by the way was reported in the New York Times, January 4, 1911.
We need to identify the places where the misuse occurs and see if it can be eliminated. However before we can do that, any semblance of Leftist thought must be eradicated in this nation and the world. It is evil and malignant.
The State should do less, much less and the towns and cities more.
I'd like it if there were No Cities, they suck and mankind should never live on top of one another.
jobs the city concentration of people may have fewer advantages.
After just spending a few days in NYC, and occasionally visiting a nearby
metro area, I much prefer less urban life. I lived in an urban high rise condo
years ago while on a consulting engagement and it wasn't satisfying for me.
That said, I do enjoy a more varied selection of affordable restaurants than
available where I currently live. NYC isn't affordable.
I have lived overseas and enjoyed that. I'm seriously considering relocating
to a different continent with less intrusive tyrants.
You know, the interstate highway system is one we all admire; could it have been done without government oversight? Without federal funds, perhaps, but without some kind of third party oversight?
Yes, just as many of the large corps cooperate to achieve control over the fedgov scum, they could have cooperated to build out transportation.
It would have placed the construction cost and maintenance on those who had the most benefit. Smaller states and regional companies would
have paid for branch lines. It might have taken longer but the cost and maintenance would have been much less and there would have been
no excuse for the federal fuel tax, imo. Instead there would have been tolls on those using it most and the lower costs passed on in lower product
prices. Free markets instead of force.
There is a great photo I came across, and I believe it was in an early history of the oil industry in Pennsylvania, of how suddenly oil wells sprang up all over a certain area. Now if you know anything about oil fields, with the number of wells on that particular region, no one was getting oil.
Your attention to individual quality producing on the part of ALL producers is gratifying; but in real life that isn't always the situation.
It's rare that complex things work perfectly the first time, but the free market is the most efficient path. Government force is not.
But not all capitalists are like Ford. I know. I had a career as stated.
But as I've said previously, any Leftist thinking must be totally eliminated before overhauling anything.
I loved insurance, I loved the control, and I knew I could protect the business, by protecting the customers and clients, better than the owner of the business himself, as sometimes measures like this are either overlooked, or put on the back burner.
But I always knew, though not every risk I wrote would be profitable, overall, I could write a profitable book of business. They say an underwriter takes risks just as much as any Las Vegas gambler, but it never felt that way to me.
I'll just say this, because it is a pretty important part of insurance and the economy itself; the insurance company, like a balloon chase crew, must arrange to have the money in hand at the same time the losses occur. Pathological competition could prevent that.
Not only COULD prevent that, but has done so in the past. And many times.
Now that's just a mildly outlandish example of things that could go wrong...
No public funding is required or wanted. Since the point of free market construction is to enhance profits they
are careful to construct things that do so, including making sure that the rights of way are continuous.
Otherwise the construction doesn't fulfill the goal.
If a state government doesn't participate by acquiring the rights of way, they lose out to other states
and their economies and employment loses as well. They also lose at the polls when the private entities
expose the fact that the state gov has not acted in the interests of their people.
Free markets work. Governments waste, corrupt, lie, and enslave.
I knew I would be having this conversation with you!
in order to gain more and more unearned power and wealth.
Companies responded in the most efficient peaceful way:
by corrupting government and using it to eliminate competition and end the free market.
Glad to have a rational conversation with you! ;^)
You want some 'body' to limit business?
Who is qualified and won't be corrupted by the power?
Let's discuss.
Isaac Newton himself, as Master of the Mint, lost about 700 pounds. It was the early 1700's that this company set out to discover and do whatever.
"British joint-stock company founded in January 1711, created as a
public-private partnership to consolidate and reduce the cost of the national debt. "
Just another government approved con.
Sort of like Wall St. and the banking cartel. Special laws for "special people."
You're not going to try to convince me that all capitalist enterprises are above board, are you? You say you are a cynic. I disagree.
But what excites me the most, what has caused the advance of humanity, are the risks people are willing to take.
They just wanted power and wealth and controlling government was the way to get it.
That was especially true when the country was being founded and the Constitution excluded a Bill of Rights.
The federalists favored strong central government and a national bank; some wanted a monarchy.
Fortunately Jefferson and anti-federalists opposed them or the country would have been bankrupted in the
18th century instead of the 20th.
Wall St. and the banking cartel have been thieves for centuries before they leaned left.
That's where control was easier to obtain recently so that's where they corrupted.
They aren't bound to any ideology.
1. You may not believe the position I held at the time, in the Obamma reign;
2. It is sickening to me when I remember how and what happened in those years.
So, I'm debating...
(But when all of Congress stood up and applauded at a certain point in his address, I knew there was something rotten in this country, rotten to the core.)
But leave politics and ideology out of it, please.
Anyway, as I've said before, I can't make my views completely public yet. You know how Leftists, Marxists, and others who think the collective is the end-all and be-all of mankind take someone else's concepts and act and talk as if they originated it and then proceed to gut it completely. Well, that's what we're up against.
I can explain more about this tomorrow, in reference to Obamma and his Medicare speech in 2010. I'll try to remember.
What made Columbus sail to the West? It wasn't greed. It was the OFFCHANCE he would find Kublai Khan and his magical realm.
Did they have to prove themselves to get respect or they'd never be able to feel self respect?
Read any Kipling?
However, you might find this interesting, freedom, and I don't know your heritage (though I'm sure I bored you with mine!), but America was settled by yeomen, and sons of gentry, particularly in the South (the Virginia Company); the North was mostly settled by Puritans, who left England, removed to the Netherlands, then emigrated to the Massachusetts colony. I believe they would have been mostly yeomen as well, if yeomen were also defined in that way. I'm not entirely sure. Though I think the Massachusetts and Plymouth Colonies were offshoots of the Virginia Company, chartered by the Crown to settle in certain areas of that region within certain latitudes.
Those charters I find very interesting in how they were worded and used to develop English influence on the sea coast. In fact, the exploration of the continent starting in the East, Canada, and south of Canada, the French and Spanish in Florida and along the Mississippi, etc.
A distant relative, Chief Alexander McGillivray, of the Creeks, (Muskogee) even tried to gain protection from the Spanish in Florida to prevent the Americans following the Revolution (McGillivray fought for the Brits) to intrude on what he considered Creek lands---Kentucky and further west.
My other distant relative, however, Chief LeFlore of the Choctaws, fought with the Americans, and aided in the Treaties of Dancing Rabbit Creek, to move Choctaws to Indian Territory later in 1836. And the Leftists' rendition of THAT is basically untruthful. I found a PhD dissertation from the '60's containing letters from Greenwood LeFlore to the U.S. Senate concerning the move. It wasn't at all what it has been portrayed to be.
Sorry I bent your ear---
Your rationale for government 'exhibiting control on larger business', that is, for unearned power and wealth, should, properly, be refined and investigated so as to have a sharper and more clear understanding of what causes, and how they work, business and industry to become extremist in their conduct, so that government doesn't need to seek power and control over them, and thus government can be kept in check as well.
Now, the answers to those questions, how and why businesses grow and conduct themselves, are not easy to discover. Human nature has a lot to do with it; in fact, it has the most to do with it. What we don't want to do, is crush those 'animal spirits' Keynes referred to in his writings long ago.
I'm not a Keynesian economist, I'm a monetarist, a mild monetarist. Fiscal policy is not good policy for regulation of either the economy or business. But the extremes of the business cycles can be flattened out, but as I've said, we must wait for clues.
You said: Glad to have a rational conversation with you---is there any other?
Sometimes that is the case with discussions of monetary policy by "experts"
in monetary policy, likely due to the 'human nature' of the "experts." ;^)
A good example of when a disinterested third party is needed is how the water in the Colorado River, as it flowed south to its entrance into I believe, the Gulf of California, was fought over by various states and entities. The Hoover Dam. Was that a correct use of federal authority?
The point of my allusion to the Dam was not whether it was made correctly, but was it a disinterested use of water from the Colorado Rockies?
An interesting discussion, and thank you!!!
"Colorado River. The Colorado River flows through seven U.S. states before reaching Mexico;
97% of its basin is in the United States. Under the 1944 Water Treaty, the United States is
required to provide Mexico with 1.5 million acre-feet (AF) of Colorado River water annually.
This figure represents about 10% of the river’s average flow."
"Rio Grande. The Rio Grande is governed by two separate agreements. Deliveries to Mexico in
the northwestern portion of the shared basin (near El Paso/Ciudad Juárez) occur under a 1906
convention, whereas deliveries for the southeastern portion (which is below Fort Quitman, TX"
"A bilateral treaty signed in 1944 says the two countries must share water sources along their arid border.
Mexican farmers say they need the water themselves, in what has been one of the driest years in decades.
But the US says Mexico has recently not been fulfilling the agreement and owed almost a year's worth of water.
Last month, hundreds of Mexican farmers seized La Boquilla dam in Chihuahua state to stop water being diverted to the US, leading to violent clashes with Mexico's National Guard. "
So again, apologize for not having enough info for my comments originally but with the water agreement, although they did not "build a canal to carry water to Mexico City" there is an agreement that ties in the water that comes from the Colorado, and thus the dam, and the water that is used is MX.
I haven't seen evidence that such organizations are effective, but if they did have a formula for success, they'd probably not announce it.
One article that was mentioned today concerned 'social change'. So I sent an email requesting just what was meant by 'social change'. I mean, have we got a 'fundamental transformation of the world' going on here?
One could spend one's life and fortune trying to find one that delivers.
I've seen enough 'social change' to last several lifetimes and much is detrimental, imo.
When insurance companies compete destructively, or in my conception, pathologically, managers will have a tendency to overlook that basic necessity, and heavy losses to the insurer as well as the insured, will occur. Many insurers will go bankrupt.
This is what happened in late summer of 1982, and was due in part to Reagan's deregulatory policies. Because of the interest rates Volker had imposed in an attempt to fight inflation, which was really only a one-time shock that ran through the economy, insurance companies felt safe in decreasing rates and premiums, feeling sure their investments at those horrendous rates could safely pay all losses that would occur. Then suddenly, Volker decreased the interest rates dramatically. You can guess what happened.
I left about that time because I knew it was going to happen and one reason is that with deregulation and pathological competition, the underwriter lost control of the risk. So even if interests rates had not been drastically lowered, the heavy competition would have resulted in some losses anyway. It is with rates and premiums that underwriters control risk.
And if risk is not controlled, more losses occur, and more of the funds are paid out for losses that didn't need to happen.
Not an exact science, but in the long run, if his numbers are good, and the underwriter knows what he is doing, the company can make a profit.
You are aware that English explorers and discoverers were underwritten by Lloyd's in coffee houses in London, beginning somewhere around the 16th century?
They say you can give a Lloyd's underwriter the bones of a risk, and he can give you a rate off the top of his hat.
Let me add to that, that if an insurance company makes a pretty good profit one year, the next year he can discount his rates and premiums from the actuarial numbers, and so compete from a better position.
How does AI do predictions? Does it use the statistical and econometrical formulas that humans have created? In that case, AI is just as unpredictably uninformed as humans.
I know sarcasm when I see it.