GLEANINGS FROM THE PASSING SCENE … (Politically Uncorrected)

alfred_e-_neumannFrom the week:

Technology: New Army artillery fires shells 40 miles (Report)

Coronavirus patients will overload U.S. hospitals by about May 8? (Article)

The culture: Government, not parents, deciding what’s acceptable for children (Article)

The economy: Coronavirus – The Catalyst for System Failure? (Article) (Highly recommended)

The church: German bishops changing Catholic views of sexuality? (Report)

Cornavirus: Social media censorship to reinforce “official” narrative? (Article)

Burma: Update (Article)

Finance: Bond yields lowest in U.S. history (Report) (Politics replacing economics)

The U.S. culture: Marriage continues decline (Report)

North Korea: COVID 19 Update (Article)

The economy: Coronavirus, cheap flights and empty airliners (Article)

Coronavirus: U.S. testing has been and will continue limited for a while? (Article)

Nigeria: The international oil battle and update (Article)

The economy: A banking crisis imminent? (Article)

Technology: Breakthrough to speed access to quantum computing (Report)

Naval weapons: Modern mines more effective than submarines? (Article)

The government: Taxpayers are to cover over $200 B in bad student loans? (Article)

Science: Dog’s noses sense heat as well as smells (Report)

The economy: Financial markets freezing in panic? (Article)

Chicago: 1 dead, 20 wounded in weekend shootings (Report)

A naked man was arrested for throwing rocks at cars (Report)

That’s all, folks … Coronavirus replaces much news!

 

EDITORIAL:         Money Has Become An illusion

Money as precious metal coins was defined as “A medium of exchange and a store of value”. When it was taken over by governments and reduced to valueless paper, that definition was reduced to “A medium of exchange”. Now money has become largely a digital notation in someone else’s computer, which is to say, not money anymore but rather credit only and that under the control of others. At one time, a man with money was called: “independent”. He had absolute control of his wealth. Now, the provider of digital credit processing has absolute control and that control is supervised by government regulation. Money and the independence it once provided are no longer what they once were and we now trust the government to make deposits to and withdrawals from our bank accounts…

Government deficits have piled debt to high for likely repayment and inflationary policies continue to devalue our money; the monetary system will have to be revised at the next major financial failure. That process can be used either to restore some of the lost independence or to reduce it further. Citizens’ attention to that will determine that outcome.

About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much) Couple of degrees in government, a few medals in figure skating; just reading and suspicion for economics ...
This entry was posted in Economics, Goverrnment, Politics, Uncategorized. Bookmark the permalink.

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