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2019-11-18 09:21 by Karl Denninger
in Corruption , 162 references
[Comments enabled]  

Well well, look what we have here...

Historically, Samsung has designed and produced almost all its phones in-house in vast factories in Vietnam and, more recently, India while winding down production in South Korea and China where labor costs more.

Where labor costs more.

The entire reason you have a DOW at 28,000 is that Nike, Apple and others have shifted their labor to places that are effectively slave repositories.

But this only works for a while because it's not the fixed cost of labor they're targeting it's the delta.

In other words GM's one-shot gain by moving production to Mexico made them a bunch of money but they need that $3/hour cost to drop to $2, and there is no $2 source available within reasonable distance.  But this is what Samsung is trying to do and the instant it stops so does their "earnings" improvement.

People call this "competition" -- but it isn't.

This is all about human trafficking and exploitation -- period.

We scream about it in theory when it comes to sexual exploitation.  But do we really do anything about it?  Congress is now screaming at ABC about spiking the Epstein story but they spiked Epstein's prosecution the first time around!  Who are they trying to kid here?  That SOB was known to be running young girls for years, got caught and because some of his "friends" were people like Clinton he got a faux "sentence" that not only wasn't a sentence he was screwing more girls while alleged on "work release" and supposedly "working" at his house!

Who went to prison in our government for not only looking the other way but in fact openly facilitating Epstein's nonsense, which facially appears to be an international ring running underage sex slaves?  That would be nobody.

Oh, and what has Disney (ABC's corporate owner) "cultivated and sold" for decades?  Kids -- and their "images."  Hmmm.....

Further, I remind you that when Clinton signed NAFTA the American people were told that the deal would guarantee that Mexico's at-the-time $3/hour (in US) wage would rise to near-parity with American wages, while those would remain reasonably stable in non-union areas at about $25/hour.

What actually happened is that both stayed the same -- the Mexican wage rate didn't move -- but over the next 20 years inflation made both wages worth much less in real terms.  You can see that directly in the price of the vehicles GM, Ford and others manufacture which have gone only one direction - up.

Who was held accountable for the human trafficking behind much of this?  Congress?  Clinton?  Hillary?  Anyone?

Nope.

It was and is all about the slavery.  Whether it's on your feet, your back or your knees, it's the same basic deal so cut the crap America and that especially means you, Mr. Doucheface McCarthy with your "scold" alleged "demand" letter to ABC.

Oh and the latest insult to our intelligence is that we're told the "USMCA" will "fix" this.

I'll give you my view on it -- I'll believe it if and only if there is no wage parity within 5 years between Mexican and American manufacturing (not "gains" or "moves", paritythe American public gets to HUNT the entirety of Congress AND President Trump, whether he's currently President or not, and EAT all of them.

No?  There's no teeth for all those in America who I believe will get butt****ed exactly as happened the last time and nobody paid for the LIES told to the American people to sell NAFTA to them?

Well then **** you all, especially considering that the US Government refuses to put a stop to the criminal Mexican gangs that are all over our nation, including but not limited to those running drugs.

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2019-11-18 07:35 by Karl Denninger
in Corruption , 125 references
[Comments enabled]  

And here 'ya go folks....

PHILADELPHIA — Stents and coronary artery bypass surgery are no more effective than intensive drug treatment and better health habits in preventing millions of Americans from heart attacks and death, a large study found, shedding new light on a major controversy in cardiology.

Read that.

Then read it again.

Bypass surgery and stents on non-acute patients do not keep you from dying.

They may well provide tangible, documented benefit if you're having a heart attack but if not, nope.  They do relieve symptoms in people with frequent angina (pain associated with a heart condition) but do not extend life.

The reason for that is not known but it might be because the pain, if you have it, tells you to slow the hell down where without it the damage has already been done and you push yourself further, which then leads to the "big one" and you die.

Is that the bottom line?  Don't know.  But it's entirely plausible.

Thus much I can tell you for certain -- there are plenty of cardiologists and hospitals that make billions a year performing procedures that now, statistically, are shown to be worthless in terms of their primary goal -- keeping you alive.

Leaving aside monopolist pricing issues performing procedures that have a risk of killing you outright which has no statistical improvement in your lifespan is flat-out nuts and can only have one word used to describe it: Extraction.

That ought to bring prison time, not profit.

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2019-11-18 07:00 by Karl Denninger
in Corruption , 163 references
[Comments enabled]  

Sweet Jesus....

Prince Andrew, Duke of York, has broken his silence on the Jeffrey Epstein scandal in an interview with the BBC. Until now, Andrew - who has strongly denied claims that he had sex with Epstein accuser Virginia Giuffre (nee Roberts) - had only released statements on the issue through Buckingham Palace’s press office.

Uh huh.

If you didn't watch it I hope you are both sober and sitting down if you do -- you might shoot your television, smash it with something heavy, or fall over with a stroke watching this bullcrap nonsense.

This man is, in my opinion, 100% full of crap and his "interview" is one of the worst public performances of someone accused of a heinous act that I've ever seen, right up there with this one.

That, of course, was later proved to be complete crap when the blue dress showed up splayed with Bill Clinton's jizz.

Then there's the true crazy -- that Andrew claims he was at a pizza place with Beatrice on the day in question.  The irony of that precise claim, never mind the alleged purpose and such of a royal going to a pizza place with his daughter, is amusing.  So is the alleged alibi, since such a trip would presumably be in the afternoon and the encounter in question allegedly took place in the evening.  Oh, and he admits that his wife was not home -- so if he came home later smelling like some other woman she wouldn't know.

And yes, royals do have "minders" who could be watching kids during the evening and in fact typically do, do they not?  Oops.

You believe whatever you want.  What I believe is that he's a creep, he voluntarily associated with Epstein including after he was arrested and thus Andrew knew he was involved in trafficking young girls, and then there is the picture that appears to show him with his arm around her.

Proof of guilt?  No, but there's a hell of a lot of smoke, and further, if you think everyone and their brother in the media isn't going to dig into the claim about a pizza joint -- oh, well, yes they will, and yes there damn well ought to be evidence of that somewhere, if indeed it happened.

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2019-11-17 10:26 by Karl Denninger
in Corruption , 245 references
[Comments enabled]  

Anyone care to pay attention?  No?

Then **** you all.

A prominent member of the Texas State Legislature turned himself in Thursday after an arrest warrant was issued accusing him of dropping an envelope containing small plastic bags of cocaine at an Austin airport in September.

The record appears to show that he dropped the envelope on the ground; airport workers found a white powder inside, called the cops, and it was cocaine.  They got a DNA sample and, I presume, matched it to DNA on the envelope.

Busted.

Oh by the way, he could get 10 years for that.

Now contrast this.

Hunter Biden, a few days before the 2016 election, turns in a car at a rental lot in Prescott, Arizona in the "after hours" (after the office had closed.)  He didn't put the keys in the dropbox as you ordinarily do; he left them in the gas cap compartment.  In the vehicle he left his identification, credit cards (belonging to him), a cellphone, and a Secret Service business card, among other items.

Oh yeah, he also left a used crack pipe and a ziplock bag with a white powdery substance in it on the passenger seat.

Fingerprints were not found on the pipe (glass pipes are easy to wipe off) but the police determined it had indeed been used to smoke crack cocaine from the residue.  There is no word as to whether the pipe or the baggie were tested for DNA.

The police refused to prosecute.

Equal justice under the law?

Bull****.

If in the future I see a cop, prosecutor or anyone else associated with "just-us" on fire and I happen to have a cup of water with that I could use to put it out........ I'm gonna drink it instead.

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2019-11-17 07:00 by Karl Denninger
in Corruption , 145 references
[Comments enabled]  

Oh my Ghod.

Attorney General Bill Barr accused congressional Democrats Friday of “using every tool” to “sabotage” the Trump administration by setting a “dangerous” precedent in implying that the government is illegitimate.

....

“Now resistance is the language used to describe insurgency against rule imposed by an occupying military power. It obviously connotes that the government is not legitimate. This is a very dangerous and, indeed, incendiary notation to import into the politics of a democratic republic.”

What, you mean like The Rule of Law you bone-smoking piece of crap?

Where the **** have you been Bill while the entire medical system violates with impunity 100+ year old law and steals north of $3 trillion dollars a year by doing so?

It is the largest criminal enterprise ever in the history of the planet, dwarfing by far the entirety of the Mexican Drug Cartels, the Mafia and every other corrupt regime in history combined.

There are exactly zero constraints in 15 USC Chapter 1 that prevent you from bringing charges against this industry writ large and stopping all of that.  There are in fact not one but two Supreme Court decisions in favor exactly that; Royal Drug and Maricopa County, both of which found that anti-trust law does indeed apply to the medical, pharmaceutical and medical insurance industry and that their "bulk buying" practices (e.g. what Trump is talking about now) are not exempt under McCarran-Ferguson as they are not "the business of insurance."

Further Robinson-Patman makes illegal price discrimination against buyers of goods of like kind and quantity where the impact is to lessen competition or restrain trade.  Clearly, the refusal to post prices for medical goods (including drugs) where you can actually comparison shop prior to being obligated to pay lessens competition since you can't possibly have competition if you don't know the ****ing price!

You, sir, as the US Attorney General are in the unique position of being able to bring forward criminal charges and address this.  In fact it is not only within your "wheelhouse" and thus your right to do so it is your obligation to do so under your oath of office, an oath that you have discarded as soon as the stock market indices and the price of these firms became more important than law that has stood on the books for more than 100 years.

I do not give a wet crap who infests the White House until and unless this is addressed because on present trajectories by 2024, just five years from now, it is all going to go to crap, the Federal and especially local budgets (e.g. Chicago) are going to collapse and when, not if, the EBT cards stop working and the government cannot continue to put fake "money" into the system and have it absorbed in the form of ever-higher deficits the people who find themselves dispossessed of everything will turn on both sides of the aisle and burn every large city to the ground.

If you think this is hyperbole I assure you it is not.  This was identified 30 years ago and not one single Attorney General from either side of the aisle has done a damn thing about it.  President Obama along with Pelosi lied through their teeth to the American people about the ACA and you just let the federal government convict Stone for lying to the very people who bend the American public over the table with their lies on a daily basis while intentionally refusing to file charges against those who engage in conduct that facially appears to have been illegal for more than a century and who, by doing so, rip off the American public to the tune of more than $10,000 per person, per year.

The farcical "announcement" yesterday by President Trump is just the latest insult and butt-ramming that has been served up in the form of political crap.  A $300 fine for refusing to publish prices in sufficient detail, or at all, is laughable.  You can get a bigger ticket than that for speeding you five-alarm jackass!  Who takes seriously a fine akin to a speeding ticket when the offense is price-fixing and, quite-arguably, extortion and racketeering never mind violating 100+ year old laws that are supposed to carry $100 million fines and ten years in prison for each person so-involved?

You suck sir, just as do the rest of you who infest Washington DC and I, for one, will tip a glass when that entire edifice topples to the ground and you all face judgement for allowing it to go on while whining about inconsequential partisan bull****.

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