GLEANINGS FROM THE PASSING SCENE …(Politically Uncorrected)

alfred_e-_neumannA wee week’s worth:

The culture: Biological boys winning girls’ high school athletic events again (Report)

India/Pakistan: Does Pakistan want a war? (Report)

Chase Bank denies service to political conservatives? (Article)

Foreign Affairs: U.S. Navy ships transit Taiwan Strait, disputing Chinese claims (Report)

The culture: Arizona legislator pushes compulsory DNA database? (Report)

The culture: Top ranked NCAA women’s runner competed as a man last year (Report)

California: U.S. Geological Survey gives volcano warning (Article)

Cable TV: Viewers migrating to the internet seem threatening? (Article)

Government: Democrats push “Medicare for All” bill that eliminates employer health insurance (Report) (Governments dislike competing)

Woman jailed for freeing bear cub from trap? (Report)

Civilization: Only as secure as the increasingly fragile electric power grid (Report)

Science: Researchers have given night vision to mice (Report)

ISIS: Another view of its U.S. relationships (Article)

New York stonewalls over mental health project run by mayor’s wife (Article)

The economy: The accrued debt is unrepayable – except in hyperinflated dollars (Article)

Finance:  A segment of the largest U.S. supermarket will refuse Visa credit cards after March 3 (Report)

Socialism: A surfeit of mass Soviet graves … (Report)

Chicago: 2 dead, 10 wounded in weekend shootings (Report)

A naked Portland man was arrested after attacking a woman (Report)

And that’s all …

 

EDITORIAL:                  DEBT

We hear that America’s debt has passed some $22 T but we aren’t listening. We reelect the spenders. Prez Trump is King Louis XIV: “Apres moi, le deluge.” Maybe; a lot of Democrats would prefer he take the blame over a Democratic successor. We’ll be seeing whether the Federal Reserve is more afraid of the Prez or the Dms.

No matter to us; either the debt will destroy our wealth when everything loses its value in a collapse or it will be pretend repaid with hyperinflated dollars that themselves have destroyed our wealth. Debt after all, amounts to a mortgage and mortgages result in repossession when they aren’t repaid. Reality does suck, especially when we try to ignore it or too long. If yours is an average family, your share of the debt repayment currently exceeds $838,000. Be nice if the kids understood that …

About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much)
This entry was posted in Economics, Goverrnment, Politics, Uncategorized and tagged , , , . Bookmark the permalink.

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