The Market Ticker
Commentary on The Capital Markets- Category [Corruption]
Logging in or registering will improve your experience here
Main Navigation
Full-Text Search & Archives

Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.


The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be sent unmodified to lawmakers via print or electronic means or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media, to republish full articles, or for any commercial use (which includes any site where advertising is displayed.)

Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.

Considering sending spam? Read this first.

2019-05-25 11:25 by Karl Denninger
in Corruption , 189 references
[Comments enabled]  

We're there folks.

U.S. regulators have approved the most expensive medicine ever, for a rare disorder that destroys a baby’s muscle control and kills nearly all of those with the most common type of the disease within a couple of years.

The treatment is priced at $2.125 million. Out-of-pocket costs for patients will vary based on insurance coverage.

The medicine, sold by the Swiss drugmaker Novartis, is a gene therapy that treats an inherited condition called spinal muscular atrophy. The treatment targets a defective gene that weakens a child’s muscles so dramatically that they become unable to move, and eventually unable to swallow or breathe. It strikes about 400 babies born in the U.S. each year.

The Food and Drug Administration on Friday approved the treatment, called Zolgensma, for all children under age 2 who are confirmed by a genetic test to have any of the three types of the disease. The therapy is a one-time infusion that takes about an hour.

There is exactly no possibility that this drug could exist at that price in any sort of market economy.  In fact without felony level abuses of the law it's flatly impossible for such a price to be charged for this -- or any other -- treatment.

It does not matter if this treatment works or not.  It does not matter if it is an actual cure for a disease.

None of that matters because the laws of economics prohibit this sort of price schedule without multiple felonies, specifically theft at gunpoint via law, being shoved down everyone's throat.

It simply can't happen, and it shouldn't take more than seconds for you to figure it out -- if you haven't been dumbed down to the point of flat-out idiocy.

Simply put unless you can force someone other than the patient and their family to pay for this treatment there are an insufficient number of people who have or can finance a $2.125 million treatment for there to be any market for it.  The odds of you both having a child afflicted with this condition and having $2.125 million you can either pay or finance is statistically indistinguishable from zero.  With a statistically-zero base of potential customers such a price cannot exist since you would sell zero vials of said medication.

The only way such a price can be presented is if a person who suffers from such an affliction can force other people to pay for it.  Since nobody will willingly fork up $2.125 million for someone else's kid if "politely asked" it therefore follows that the only way that sort of price can exist is for the extraction of that money from others to be enforced by law at gunpoint.

The mere presentation of this sort of price schedule is proof of felony violation of the law in the form of grand theft against millions of Americans, a criminal offense sufficient to charge and imprison -- or hang, if you prefer, and I really don't give a damn which any more when it comes to punishment -- every single person involved in designing and enforcing said criminal system.


View this entry with comments (opens new window)

2019-05-17 09:22 by Karl Denninger
in Corruption , 162 references
[Comments enabled]  

It's an old article but Boobus Americanus needs several whacks with a 2x4 to the head, it seems.

CHARLESTON, W.Va. — As a pharmaceutical company run by US Sen. Joe Manchin’s daughter faces scrutiny for hiking prices on life-saving allergy injection pens, Manchin is remaining mum.

The Democratic West Virginia senator’s daughter, Heather Bresch, is CEO of Mylan, which manufactures EpiPens.

Remember that?

Of course you don't.  Manchin is still in office, you haven't laid siege to his house nor that of his daughter, and exactly how many people have gone to prison under 15 USC Chapter 1 in the medical industry?  That would be ZERO.

Remember, this was reported on before the 2016 election.  It had been going on for years at that point, all the while Demoncraps were crowing about how wonderful Obamacare was and Rethuglicans were passing dozens of "repeal" bills which they knew Obama would veto.

Trump promised to stop all this bull**** with no fewer than three bullet points on his campaign web site, and he could have on the day of his inauguration by directing the DOJ to start indicting people.

He didn't (said bullet points disappeared literally on the night of the election) and still hasn't done a damn thing, instead spending his "twitter" capital on bitching about being spied on (which did happen, and appears to have been illegal.)

But Trump hasn't done one thing about the financial rape job you're subjected to daily by the medical industry.

Just as Obama didn't.

Just as Manchin's progeny profited tremendously.

And you, Boobus Americanus, think "Medicare for All" will solve any part of this, just as you thought Obamacare would let you "keep your doctor."  You let Mickey Mc****ell, Nancy Pelosuck, Chucky ****mer, Maximum WateryCrap and Adam Schitt continue to bray on about this or that while you're financially raped blind on a daily basis -- $25 per day, per-person in the United States.

You already know damn well that both Democrat and Republican will simply continue to rob you blind.  You have hard proof right in front of you in the form of a daughter of a sitting Senator who did exactly that under a Democrat administration and continues to be a free and very wealthy woman today.

GFY with a rusty chainsaw folks until you find your pitchfork and torch -- that is, if you're not so ******ned obese and out of shape you can't manage to lift either one.

View this entry with comments (opens new window)


Tell me again why the people sit for this..... it's not just the hundreds of thousands of deaths -- it's also the trillions of dollars stolen.


View this entry with comments (opens new window)

Gee, just a civil suit.....

WASHINGTON (Reuters) - U.S. states filed a lawsuit accusing 20 drug companies including Teva Pharmaceuticals USA Inc of a sweeping scheme to inflate drug prices - sometimes by more than 1,000 percent - and stifle competition for generic drugs, state prosecutors said on Saturday.

State prosecutors.....

Why not federal prosecutors?  And why not criminal charges -- against both the firms and all the executives?

See, 15 USC Chapter 1 says this conduct is a criminal felony, not just a civil matter.  Never mind that if you can manage to get over the thresholds that felony turns into Racketeering, which comes with even more jail time and triple damages.

But none of the states are interested in that.  They're not really interested in putting a stop to the outrageous medical scams in our "economy", because if they did then all those people employed by said scam would be fired, excepting of course the actual people providing real care to real persons.

Which is about 10% of those employed in these schemes over the last decade and more.  The other 90% are ripping you off while the authorities chuckle at all the "jobs" the robbery "creates" -- more than 300,000 in the last year alone!

So instead we see these breathless filings containing allegations that, if true are not just a civil matter.

They're criminal felonies and in this case 15 individuals are named as well which means putting them in the dock -- arresting them and trying them with the very decent probability that they'll do a few decades in prison each would be a very useful tool to not only expose the rest of the scams but at the same time serve as a real deterrent.

Instead these firms will simply jack up the price and force you to pay for whatever "settlement" is ultimately negotiated.

Why that path?

Because the felonies in the medical system are second only to the active conspiracy and efforts by State and Federal lawmakers to shove even more expense down your throat, and what better way to do it while waving the flag and saying they're "helping you" than to extract a big financial settlement that the firm will then gleefully turn around and force YOU, as a consumer, to pay.

Tossing someone in prison can't be cost-shifted onto consumers and irrespective of how rich someone is going to prison still sucks; arguably, for the very wealthy it sucks more than it does for a poor person who might actually see his standard of living improve while behind bars given that he gets free food, medical care and even a free education!

We not only have 535 corrupt bastards in Congress and thousands more in the DOJ and FBI in DC all of the State Attorney Generals and state law-enforcement apparatus, down to the local Sheriff who could also arrest under state anti-trust law, are at least equally corrupt in extracting this massive, $3 trillion a year+ scam out of you.


View this entry with comments (opens new window)

2019-05-11 08:29 by Karl Denninger
in Corruption , 257 references
[Comments enabled]  

Done yet?


Not with the media, not with the cops, not with the legislatures?

Not with Pelosi, Schumer, Schiff and the rest?

Gee, why wasn't the recent CO school shooting all over the media for weeks?  Was it simply because when the politicians tried to make it about gun control a decent part of the student body walked out of their assembly in protest, which was also buried and poorly reported?

Or is it that the father of one of the shooters -- the girl who "decided" she wasn't -- is an illegal invader and a serial felon and a domestic abuser who has twice been deported?  Yet instead of getting this "fine example" out of here we let him set said example for his kid who has now gone on to shoot up a school?

Then the DemonRats who let this ********** back into the nation as said serial felon and who gave him sanctuary (Denver is an "informal" sanctuary city) and thus indirectly groomed this shooter tried to use the very death they created as a political tool for gun control to deflect attention from their own intentional policy failures that wound up getting a bunch of kids shot.

And there's plenty more too.  The school itself faces allegations that plenty of bullying and even a bomb threat were part of the "culture" at said STEM school -- which responded by threatening to sue the people reporting the problems.

Oh, and the shooters stole the guns of course -- common pistols -- since you can't buy a pistol without being 21 in the US.  No big bad black rifles here folks.

Get all the illegal invaders out of here RIGHT NOW DAMNIT.

View this entry with comments (opens new window)