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User Info Another (Sad) Casualty Of Schwantz-Gobbling in forum [Market-Ticker]
Tickerguy
Posts: 147632
Incept: 2007-06-26
A True American Patriot!
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But I won't give a **** when I'm dead....

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Winding it down.
Little_eddie
Posts: 996
Incept: 2009-04-30

Delaware
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either will I, that's why I'm enjoying myself now

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Banks and governments depends on the real producers of the economythe people (workers) and the industrial corporations. IF these stop producing, both the banks and governments fall flat. (Gail Tverberg)
Tickerguy
Posts: 147632
Incept: 2007-06-26
A True American Patriot!
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You only die once.

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Winding it down.
Emac
Posts: 14
Incept: 2012-10-01

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Good ticker. I get so frustrated whenever I listen to commentators discussing healthcare. NEVER do I hear them talking about reducing the costs, its always about how to get people insured. I just paid almost 4K for a colonoscopy! Talked about getting it up the *ss!
Themortgagedude
Posts: 10110
Incept: 2007-12-17

saint louis
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Seems like I die a little every day.

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I think its time we ask ourselves if we still know the freedoms that our founding fathers intended for us. Ronald Reagan 1964
Rock
Posts: 151
Incept: 2013-04-17

Swissconsin
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Karl,
Somewhere recently I have seen a chronological listing of 'exceptions' to the law for the medical monopoly. It was extensive and sickening in its own. I don't think it was here on the TF but perhaps it was. Did anyone else see this? It was fascinating to read and comprehend.

God bless.
Tickerguy
Posts: 147632
Incept: 2007-06-26
A True American Patriot!
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There are a lot of people who CLAIM there is such an exemption. Don't believe them. I've asked all of them who I've heard make the claim to cite US Code. Not ONE has been able to do it.

Show me the law.

The ONLY one I know of that's real is Mccarran-Ferguson, which exempts insurance companies from federal anti-trust IF AND ONLY IF they are regulated at the state level in similar manner. It is found in 15 USC 1011-1015.

It is a VERY limited exemption and in effect shifts anti-trust regulation of insurance firms to the STATES. It does NOT exempt them entirely.

https://www.law.cornell.edu/uscode/text/....

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Winding it down.

Rock
Posts: 151
Incept: 2013-04-17

Swissconsin
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Thank you Karl. I guess I will keep digging and find where it was. It will be a blast watching you shred it if I do find it.

Thank YOU for all you have done to wake this nation up.

God bless.
Tdurden
Posts: 497
Incept: 2015-01-29

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On the 401k/IRA consication topic, I seem to be the only person inside my circle of friends, family, co-workers and aquaintances who is distrustful of those vehicles to not participate in them. They think I'm nuts for not taking advantage of all the "benefits" but I've seen enough mafia movies to know that you need to be careful of who you let do favors for you. Those *******s in DeeCee and wall street think they are doing us a solid with those accounts. Time is going to come when they expect something in return. And we won't get the option of opting out of it.

On the obamacare mandate, I'm still going to beat the dead horse of that thing NEVER going away. To bolster my claim, I offer the news from last night that instead of repealing obamacare on day one, they are going to wait until they have the replacement plan in place first before repealing it. In other words, it's not going away. Maybe we'll get a look at how much money was carpet bombed on the senate by the drug and insurance cartels to get that "delay" in repealing it.

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"I'd like to live just long enough to be there when they cut off your head and stick it on a pike as a warning to the next 10 generations that some favors come with too high of a price." -Vir Cotto Babylon 5
Analog
Posts: 1359
Incept: 2010-12-29

arkansas ozarks
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Quote:
The ONLY one I know of that's real is Mccarran-Ferguson, which exempts insurance companies from federal anti-trust IF AND ONLY IF they are regulated at the state level in similar manner. It is found in 15 USC 1011-1015.

It is a VERY limited exemption and in effect shifts anti-trust regulation of insurance firms to the STATES. It does NOT exempt them entirely.


they divided and conquered.

Example
Arkansas used to have a nice law requiring any insurance clerk denying a service to provide the prescribing doctor with a copy of said clerk's medical license and a telephone contact number.
When Humana sent me an anonymous form letter denying my expensive heart pills(Coreg) i wrote their CEO requesting they bring their letter into compliance with the statute.
Well i got my pills three days later by courier

But....
My mistake was making them aware of the law
because within a year the Arkansas statute was re-writen and gutted.
All an insuror has to do now is post their policy on a website.

When regulatory capture has come this far the only cure is application of a guillotine to insurance executives and their legislative lackeys.

I'm ready.

a.


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Never trust a computer with anything important.
Mannfm11
Posts: 5317
Incept: 2009-02-28

DFW, Tx
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This is a statement of fact. About anything that touches Washington DC is a criminal enterprise. The enterprise fears Trump, because I believe he is a nuts and bolts guy, having to manage his own affairs over the years. I don't know if he can see the world he got himself into, because set alone, it appears to be moronic. No sane human being would operate in this fashion, unless they were scheming something illegal and immoral.

The first of the year just came to pass. Does anyone know why they created the calendar? It wasn't to keep track of how old someone is or date history. No, it was to order people to fork over their labor to a small group by a particular day. I would favor inventing new months or just numbering days, rather than fall for this annual reset.

Karl, can we even count these 2 government run extraction industries, health care and education as GDP? Seems to me, if the price was right, the cost of everything else would go down. How one measures economic activity cannot be attached to a number, when the value of the number is elusive. GDP is another government scam, like the calendar. Should anything that costs 3 times as much as it should, really count 3 times as much? Maybe that is the reason it costs 3 times as much, that those in power have influence and they can show growth and we can put it on the bill we can never pay. Looks suspiciously like the war prosperity game, where we the people get a job building something they blow up, get a check, then a bill for the check we received. Great prosperity, digging holes to fill back in.

In the meantime, private America is hocking their asses to keep this scam going and our government officials are moving our prosperity to another country. Nice having a flexible currency, as it allows one the capacity to escape with the goods and leave the wrapper behind, stuffed with dog turds.

The likelihood you meet a criminal in a maximum security prison is only slightly higher than meeting one in DC. Instead of prison stripes, they wear pinstripes. Take a look at the senior Senator from NY. I suspect there are prisons that would refuse that guy due the fact the prisoners couldn't trust him. Look at the exiting President. Would anyone with any sense not go outside to verify, if he told you the sun was shining at 12 noon on a July day?

America has been bureaucratized. The entire structure is a bureaucracy, from Congress to the executive to the education and health scams to the corporate structure in general. The inmates are running the asylum and time has come to close down the asylum. The problem is we have granted these jackasses power over our wellbeing and it is time we make a choice between wellbeing and freedom. Otherwise we are faced with voluntary or involuntary servitude.

I'm not sure it is going to collapse, because I am not sure how much the common man is going to give up to chase this **** sandwich down the drain. The majority of Americans have already hocked the equity in their homes, given up years of earnings to go to school, financed their current consumption, etc. So many are stuck in this impending doom machine, that I'm not sure we can get out. After watching this choreographed play, I'm not sure it isn't time to either blow up the whole mess or find a new place to live. Fraud corrupts everything it touches.

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Tickerguy
Posts: 147632
Incept: 2007-06-26
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I have long advocated that the only meaningful way to publish a GDP statistic is to use an invariant unit. My personal favorite is in Joules of energy evolved or required as input, but I'll settle for any SI unit.

Incidentally under such a standard our GDP has been declining for quite some time.

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Winding it down.

Mannfm11
Posts: 5317
Incept: 2009-02-28

DFW, Tx
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Yeah, it is like the jobs Obama created, all at the food court or in the extortion industries. Do you have a free and clear car if it breaks every month? How about a free and clear home,when you get a bill for 3% of its value annually? The FSA believes there is free **** out there. Only stolen goods. GDP is part of that formula

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Jmckenney
Posts: 4
Incept: 2014-11-04

Melbourne Florida
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Karl, I know you are almost past caring about the state of things. But you have one resource - political leverage - due to the fact that you have a very famous website. I have a suggestion. Why don't you take your very well-reasoned and powerful argument for medical reform and present it to Alex Jones. WAIT - I don't agree with a lot of what he says either. But evidently, he has the ear of Trump. It might just be the very route to get your point to the man who MIGHT be capable of enforcing existing law. I know, it's a long shot. But the future of the republic is at state, and you may have more of a chance of getting it done than anyone else. I am a registered nurse - I see daily how insane this system is. Please give it a shot. - JM
Tickerguy
Posts: 147632
Incept: 2007-06-26
A True American Patriot!
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You might contemplate why he hasn't either (1) contacted me (he definitely knows who I am) or (2) plagiarized it and ran it himself by now.

Draw your own conclusions.

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Winding it down.
Topgun
Posts: 25
Incept: 2016-09-10

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Quote:
You might contemplate why he hasn't either (1) contacted me (he definitely knows who I am) or (2) plagiarized it and ran it himself by now.


...(3) or he doesnt want to be exposed for being the Low IQ idiot he truly is, and completely incapable of analyzing and discussing the numbers in detail with someone who would come back and write a blog story titled: We Are Screwed.

I know K-6 grade children who can string words together and present themselves to be very intelligent, and after watching him campaign for a year and a half, I never heard him once string words together that made him sound or look like he has an IQ above 100.

This is extremely embarrassing for someone who is supposedly worth what he states he is worth. (Thus the reason you will NEVER see his returns) If truth were told, I bet he is leveraged so much the water line is just below his nose, and he cant even breathe through his mouth without tilting his head back.

Never had or built a business that manufactured anything of significance or sold a legitimate product or service, just businesses that extract money from people. Chew that factoid up and digest it. It doesnt take a genius to get wealthy people to come to fancy resorts or license a name based on a false gold plated image. (Tell lies until the lies become truth)

Our country just got bamboozled / hood winked the past 8 years, and we just got a carnival barker who has spent a lifetime bamboozling / hood winking people.

Welcome to The Apprentice D.C., where the lucky winner will be trained to be a Diabolical Narcissist / Professional Political Wrestler by a Master Diabolical Narcissist / .

BONUS QUESTION for the astute business minded in the room:

Why would a businessman, who places the majority of the value of his worth on licensing his name, settle a lawsuit for $26,000,000 (TWENTY-SIX MILLION U.S. DOLLARS) that damages the value of same if fraud were not committed in the first place?

Analog
Posts: 1359
Incept: 2010-12-29

arkansas ozarks
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Quote:
Why would a businessman, who places the majority of the value of his worth on licensing his name, settle a lawsuit for $26,000,000 (TWENTY-SIX MILLION U.S. DOLLARS) that damages the value of same if fraud were not committed in the first place?


Just what he said , inconvenience of going to court. Ever pay a traffic ticket you could have fought ?

25 million might be cheap bugspray for the political cockroaches nibbling his ass.

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Never trust a computer with anything important.
Hstella
Posts: 642
Incept: 2009-08-18

Colorado
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I got a little dose of reality last week regarding risks in life that we have forgotten. In 1900 the number one cause of death in women was childbirth. Last week I would have died, were this 1900. I am 36 and in good health. Today it is treatable (ectopic pregnancy, ruptured with heavy internal bleeding and peritonitis) with emergency surgery and can even be done laparoscopically in most cases. There is no way to prevent it, "it just happens". If our economy/medical system blows sky high, we will become vulnerable to a wide spectrum of killer conditions that are currently defanged, not just the ones, like car wrecks, which routinely kill the healthy today.
Diplomacy
Posts: 14
Incept: 2010-02-18

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This country quite frankly deserves everything.
Magus
Posts: 2363
Incept: 2008-05-04

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"Why would a businessman, who places the majority of the value of his worth on licensing his name, settle a lawsuit for $26,000,000 (TWENTY-SIX MILLION U.S. DOLLARS) that damages the value of same if fraud were not committed in the first place?"

You haven't worked in corporate America for a large enterprise I take it - especially when a big issue goes public and goes against other goals (in this case, getting the white house)? Corporations routinely settle lawsuits they don't believe they are liable but the legal cost and the bad PR of being in the news all the time is frequently a lot more expensive than just settling.

I worked for a retail firm that sold fuel gel from a company that had the normal insurance policy that was sold to retail firms nationwide. The product was occasionally defective (discovered within a year) and also quite susceptible to human stupidity. Long story short, as soon as it became known that the product was sometimes defective, a recall was issued for us and basically every retailer on the planet. The company that produced the product and their insurer went out of business so instead the consumers that got burned sued the retailers. After spending over a million dollars on legal fees, some bad PR, and the desire to move on, we eventually settled for $4 million with 2 plaintiffs just to get it over with even though the evidence suggests they mishandled the product - about half of which was eaten by our GL insurer - and we were small potatoes overall with the lawsuits by that particular event. And that's just one out of 40,000 products we carried that year and just one of the lawsuits we settled that we didn't believe we were liable for or did anything wrong or illegal.

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"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

-~~Ludwig V

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