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2018-04-20 09:41 by Karl Denninger
in Musings , 117 references
[Comments enabled]  

So, if I want to be "done" there's an easy way to do it.

Sell my LLC -- that runs this joint.

What do you get?

The Ticker -- the (registered) Trademark, the site, the domains, etc.

HomeDaemon-MCP -- as I've posted before.

Permanent RTU (right to use) on the forum / blog code -- we can talk about the source and right to distribute; I might be ok with that too.

And maybe I'll do guest articles from time to time too.

What is this?  A "Make me Move" sort of deal.

You know how to find me (look to the right, fool -- the link is right there.)

Yeah, I'm thinking about it, and it's cheaper now than later -- like next year -- when I can kill the "mandatory" Obamacare policy (which I don't need) and keep as much cash flow as all of the above can generate but the lower income-tax liability on the earnings.

So, if you want it, this is your opportunity to get it -- whether its to have it or to just shut me up.

smiley

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2018-04-20 07:00 by Karl Denninger
in Health Reform , 166 references
[Comments enabled]  

Pick one folks.

Those are the only two options.

The "entitlement" game is back on, of course.  But let's toss something else into the mix while we're at it -- the that that it has now been admitted that actually curing people is not, and never will be, the goal of our "medical scam, er, system."

The translation: if you develop a new drug that cures people rapidly, then patients will not need to take the drug on an ongoing basis, and that limits the amount of money a company can make.

The analyst asks: "Is curing patients a sustainable business model?"

The "problem" appears to be particularly great if the disorder in question is a transmittable disease. 

.....

Their introduction (Sovaldi, .et.al.) was a landmark event -- for two reasons. First, they provided a near-certain cure for hepatitis C in 12 weeks. Fantastic! Second, they were among the first of a series of drugs to be priced at exorbitant levels. When Harvoni was introduced, a 12-week course in the U.S. cost $94,500. Interestingly, in India, the same 12-week course of treatment cost only $900. (I assume that the company was still making a profit on its sales in India.)

Was this outrageous pricing good enough for Goldman Sachs? Apparently not.

Therefore we cannot actually cure any transmissible, but chronic, condition.  If you do then there are no new patients and no more money.  Q.E.D. that won't be the model that is pursued.

It gets even worse when it comes to cancer:

Over the last five years, cancer research has seen the “greatest advances,” including a new approach to treating the complex disease as a “chronic disease,” instead of trying to cure it.

“We have seen the greatest advances in cancer medicine in the last five years with drugs targeting the immune system moving into the clinic and showing remarkable response rates with quite a few different malignancies,” Lisa Coussens, Ph.D., Chair of the Department of Cell, Developmental & Cancer Biology, said to Fox News at the American Association for Cancer Research annual conference.

However, the response rates do not indicate that medical doctors and scientists are getting closer to a cure – or if that is still the goal.

“With regards to a cure for that, it’s really not a realistic goal. I don’t know if cancer is a disease that can be cured. I think for most of us, the goal is management where we think about cancer like other chronic disease,” Dr. Coussens said. “50 years ago diabetes was a death sentence, now it is a chronic disease that is managed.”

Of course that "management" means ever-present cash flows for the rest of the person's life.

And pay attention to this specific statement form the American Cancer Society:

“Cancer isn’t always a one-time event. Cancer can be closely watched and treated, but sometimes it never completely goes away. It can be a chronic (ongoing) illness, much like diabetes or heart disease,” the website says.

Uh huh.

You mean like diabetes, specifically Type II diabetes, right?

Type II diabetes has a near-zero cost means of containment if not reversal, available but nobody is out there in the mainstream advocating it.  It's simply this: Stop eating carbohydrates except for green vegetables.

It works in nearly everyone who does it and it costs nothing.

But the medical system refuses to put this out there and so does the government as the primary means of addressing that condition.  As I pointed out quite some time ago in The Low-Hanging Fruit this one condition is responsible for about 25% of all Medicare spending -- and a likely similar amount off Medicaid.

Last year the Federal Government spent $1,443 billion on those two programs.  The states spent an additional $204 billion on Medicaid matching payments (their "share" of the total in 2016; I do not have 2017 numbers available yet.)  That totals approximately $1,600 billion dollars; getting rid of $400 billion of that overnight would make an enormous different in the federal budget deficit (in fact it would wipe out two thirds of last year's deficit entirely!) without disadvantaging one person -- in fact their health would improve and morbidity in the form of blindness, amputations and disability would massively decrease.

But literally nobody has, since I published that article over a year ago, picked up that ball and attempted to run with it at either the state or federal levels.  Nobody -- and I do mean nobody -- in any of the government roles involved will do anything to tamper with the over one and a half trillion dollars a year that the medical scam imposes in cost on the public even though it is not just a monetary cost it is also a human suffering cost that these policies promote and enhance.

This crap has gotten so brazen that now even Goldman Sachs and the American Cancer Society are willing to come straight out and state, in public, that the model of "medicine" is not to actually cure or fully mitigate diseases and conditions any more -- it is, rather, to develop drugs and therapies that have the exact same profile of consumption as an addictive drug in that the person in question becomes compelled to spend on same forever.

We already have such drugs -- they're called opioids and the drug industry makes billions selling them.  The problem is that they have both a tolerance response and a lethal dose; perpetual, life-long use thus has a high probability of the two curves intersecting at which point the person taking the drugs dies and doesn't buy any more of them.

But if you can find a way to effectively compel someone to take expensive drugs for cancer or diabetes forever, without that "coffin corner" problem then you can effectively "addict" them without the "side effect" of their eventual accidental suicide.

THIS IS THE BUSINESS MODEL OF "MEDICINE"  TODAY AND IT IS BANKRUPTING THE NATION.

The people promoting and practicing this need to be exposed for who and what they are and then put into a plastic chipper -- feet first.  We must put a stop to this, right here and now.  The option to defer that choice no longer exists; we have state pension fund shortfalls driven to a large degree by these ruinous policies and "expenses" that have exactly nothing to do with the best option available for people at large but rather are intentionally designed to screw the public out of trillions of dollars a year and keep them sick.

The entire business model of so-called "medicine" in this country is a scam.  We can collapse that business model and expense by 80% almost overnight starting with The Low Hanging Fruit and moving on from there to a few simple legislative and law enforcement changes.

We either do it -- and do it now -- or the United States will fiscally collapse as the ever-spiraling higher percentage of GDP consumed by these rapacious bastards will overtake government and private revenue at both a state and federal level.  There are real proposals available to do so, starting here and here.

There is no "entitlement problem" with Social Security.  The entire problem lies in the medical system and its business model which must be changed using existing Anti-Trust law along with voiding all special protections they have gotten passed, such as preventing cross-border drug price arbitrage.  If we do not begin to execute on this now the point of no return on both the state and federal side will be reached and that will be the end of our ability to deal with this other than by government fiscal collapse, massive civil unrest or even civil war.

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2018-04-19 13:00 by Karl Denninger
in POTD , 104 references
 

Or is it something else...... and what's the owl up to?

 

Email kairia.rocks@gmail.com and buy it now, enjoy it tomorrow.  On canvas, ready to hang.

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2018-04-19 07:00 by Karl Denninger
in Market Musings , 134 references
[Comments enabled]  

This crap is a literal every day fraud run on the investing public.

Everyone seems to remove cash from the enterprise numbers before computing P/Es.  That's idiotic because cash in the bank was earned in prior operations.  Not today's earnings, yesterdays.

What's far worse is that just like a buyback the fact that you are accumulating cash means you're not investing in your business.

The latter is critical.

There are only two ways to maintain an advantage in business:

1. Be a monopoly and destroy competitors through actions that are per-se illegal (but you get away with it, usually by bribing politicians, enforcement officials or both.)

2. Invest in your business with the cash flow from your operations.

As your level of success rises your re-investment of the fruits of that success should rise commensurately.  That is what powers the legitimate growth of a firm's value over time.

If you are maintaining more cash than you need for operations then either (1) you expect very hard times ahead and are afraid you'll run out of cash attempting to weather than storm or (2) you've run out of ideas and, in the passage of time you will be eclipsed.

Thus every time you hear someone quoting "ex-cash" P/E ratios flip the table over on them and walk out.

They're attempting to intentionally defraud you.

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2018-04-18 14:21 by Karl Denninger
in Editorial , 158 references
[Comments enabled]  

Go read this Ticker again.

Our ******* of the day is found here:
[13:14] SSL ACCEPT Error [http request] on [::ffff:113.0.39.228]

Which is:

[karl@NewFS ~]$ whois -h whois.apnic.net 113.0.39.228
% [whois.apnic.net]
% Whois data copyright terms http://www.apnic.net/db/dbcopyright.html

% Information related to '113.0.0.0 - 113.7.255.255'

% Abuse contact for '113.0.0.0 - 113.7.255.255' is 'hqs-ipabuse@chinaunicom.cn'

inetnum: 113.0.0.0 - 113.7.255.255
netname: UNICOM-HL
descr: China Unicom Heilongjiang Province Network
descr: China Unicom
country: CN
admin-c: CH1302-AP
tech-c: BG63-AP
remarks: service provider
status: ALLOCATED PORTABLE
remarks: --------------------------------------------------------
remarks: To report network abuse, please contact mnt-irt
remarks: For troubleshooting, please contact tech-c and admin-c
remarks: Report invalid contact via www.apnic.net/invalidcontact
remarks: --------------------------------------------------------
mnt-irt: IRT-CU-CN
mnt-by: APNIC-HM
mnt-lower: MAINT-CNCGROUP-HL
mnt-routes: MAINT-CNCGROUP-RR
last-modified: 2016-05-04T00:14:33Z
source: APNIC

Blow me you scamming thief.

There is utterly no reason for a Chinese organization to attempt to connect to my house.  Not once either -- many, many times.

This is not a mistake -- it's an intentional act.

Believe me, they're trying to connect to your house too, and if you have anything "smart" in it or, for that matter, you've got a nice WiFi router or other "commercial" product there's a good chance they're in it as most of those devices, unlike HomeDaemon-MCP, are not secure.

You don't really think they mean well, do you?  It's not like you put that nice "smart speaker" you bought in your bedroom, did you?  There's nothing with a camera on your home network either, right?

If I had the power I'd reply back to the source with a nice can of sunshine -- on your behalf, of course.

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