Tulsi Clarifies Her Stance On Med4all

Jacko Here
Mmmmmmm maybe check how Bernie’s plan has struggled to work in countries that have tried it but after time amended it to include some sort of private care then the system has worked reasonably well. NO health plan will work perfectly and believe or not state care with some private care option works the best eg Australia / NZ . Bernie and his supporters refusal to compromise will be Bernie’s downfall(again).Surely time to learn it is better to compromise and get 80% of what you want than be stubborn and get 0%.

Just in case the Fed ignites the atmosphere…

November 14, 2019
San Juan, Puerto Rico

In early 1940s as World War II raged in Europe and the Pacific, the most powerful person in the world was NOT Adolf Hitler. Nor Franklin Roosevelt. Nor Winston Churchill. Nor Josef Stalin.

Not even close.

The most powerful person in the world was a Nobel Prize winning physicist named Arthur Compton.

Compton had been tasked by the US government to lead a group of scientists in developing a plutonium-based nuclear weapon– the same one that would be used to bomb Japan in 1945.

No one had even detonated a nuclear device or even controlled a nuclear reaction. It was all theoretical.

In fact, Plutonium had only been discovered in 1940. The entire field was brand new.

At a certain point in the project’s development, the scientists realized there was a chance that nuclear detonation could ignite the Earth’s atmosphere and annihilate all life on the planet.

Compton was head of the project, so it was up to him to decide whether or not to proceed.

Every living creature in the world– every plant, every animal, every German, every American– had a pretty serious interest in Compton’s decision.

Yet almost nobody knew his name. Or that such a decision was even being made.

Arthur Compton was not an elected official. Nobody voted whether he should have the authority to put the entire planet at risk in order to advance US interests.

Compton gave the green light, so the project went ahead as planned. And they thankfully didn’t ignite the atmosphere.

But the safe outcome was far from certain.

Even right up until the morning of July 16, 1945– the day of the first nuclear detonation in New Mexico– scientists jovially took bets with each other whether the atmosphere would ignite.

I thought about this story yesterday as the chairman of the Federal Reserve testified in front of Congress about US monetary policy.

Very few people know his name or realize that he is one of the most powerful people in the world.

That’s because, as chairman of the Fed, he heads a committee that wields dictatorial control over US interest rates and the supply of US dollars.

The US dollar is still the world’s dominant reserve currency, so the committee’s decisions directly affect the prices and values of assets, goods, and services everywhere on the planet.

EVERYTHING– from your monthly salary, investment portfolio, value of your home and interest rate on your car loan, to the price of oil in Saudi Arabia, to the inflation rate in Bangladesh– is influenced by their decisions.

That’s an enormous amount of power.

Yet just like Arthur Compton and his fellow scientists, none of these people has been elected.

The decisions they make are based solely on what’s best for the United States… even though the consequences affect nearly everyone on the planet.

And they also acknowledge they’re in uncharted waters.

The Fed Chairman told Congress yesterday that economic conditions are totally unprecedented, and that his committee has “significant humility” because so many of their basic assumptions have been wrong.

He also acknowledges that what they’re doing right now has never been tried before.

By many historic measures, the US economy has never been better.

The US unemployment rate is below 4%. GDP is growing. The stock market is at an all-time high.

These are all great signs.

Yet the Fed has cut interest rates three times this year (including a 0.25% cut just two weeks ago), and they’re printing up to $80 billion per month in new money to inject into the economy.

Those are things that a central bank does when an economy is weak.

It’s like administering a strong dose of a powerful, experimental medicine to a healthy individual; there’s not much reason to do it, and you have no idea what the reaction is going to be.

Arthur Compton and his colleagues relied on theoretical physics to make a final determination that the nuclear detonation would be safe.

The Federal Reserve’s Open Market Committee relies on theoretical economics– untested and unproven ideas– in deciding that printing trillions of dollars and slashing interest rates to historically low levels will be consequence free.

But to be frank, the Fed doesn’t have the best track record in predicting the financial crises and economic downturn that they help create.

For example, they totally missed the 2008/2009 Great Recession.

Even when the warning signs were obvious in late 2007, just months before the crash, the Fed Chairman at the time insisted that there would be no recession.

They helped engineer that crisis with their unprecedented, experimental interest rate policy during the early 2000s. And they failed to see the warning signs.

Compton turned out to be right about nuclear detonation. And we can certainly hope that the Fed gets it right this time too.

But you might want to think about owning a bit of gold and silver… just in case these guys ignite the atmosphere.

To your freedom,

Signature

Quote of the day

Life never becomes known, it always remains a mystery, a question mark — and a question mark which cannot be dissolved. It is in the very nature of existence, it is the very center of existence; there is no way to find any answer or explanation for it.

That’s why philosophy fails and poetry succeeds. That’s why mathematics fails and music succeeds. That’s why logic always lags behind and love reaches, arrives.

The question mark is immensely significant. All questions are absurd. And all questions are sooner or later resolved, are bound to be resolved, because all questions have answers. If you can formulate a question you can find an answer for it, but the question mark is not your formulation. It is there; it is on each leaf of the trees, on each sound of the birds. On each cloud, on each star, on each atom, the question mark is there.

Life is not a problem but a mystery. A problem is that which can be solved — at least theoretically is soluble. A mystery is that which can be lived but can never be solved.

Rajneesh