GLEANINGS FROM THE PASSING WEEK … (Politicaally Uncorrected)

From the week:

The U.S. elect ion Maricopa County audit: No one responsible for mysteriously deleted files (Report)

Retirement: The expected funding that isn’t there … (Article)

The pandemic: A take on Ivermectin for treatment (Report)

 U.S. Military: Pentagon’s massive, secret army isn’t regulated? (Report)

Israel: How to Insure a Middle East War in Five Easy steps (Articled)

The U.S. Election: Voting machine results are controllable by the operators? (Report) (Surprise!)

Cendorship: Twitter may lose immunity in pending action? (Report)

The Pandemic: CDC Director admits that COVID death statistics are heavily overstated (Report)

The U.S. Climate: Western mega-drought continues; impact expanding (Report)

Government: Testing military pandemic vaccination teams in the streets and bars of Dallas (Report)

Israel: Gaza update (Report)

Surveillance: U.S. Postal Service expanding social media spy agency (Repot)

Turkey: Ramping up anti-Israel rhetoric (Report)

U.S. high school student: arrested for racist post on social media (Report)

Science: Major battery advance (Report)

Energy: U.S. steps back from blocking more Russian gas to Europe (Article)

Chicago: Racist Mayor Lightfoot refuses interviews by white journalists? (Report)

Palestinians: 20% of rockets aimed at Israel land in Gaza? (Report)

The Culture: Walgreens closes 17 San Francisco stores for out of control shoplifting (Report)

The Pandemic: Vaccine uncertainties remain (Report)

Canada: Will censor social media? (Report)

France: Government continues toleration of Moslem gangs destroying property (Report)

The U.S. Government: Judge ruled against college single sex facilities (Re[ort)

The Pandemic: Fact checkers have to eat their “facts”? (Report)

More Paandemic: Oregon mandates verification of vaccination for unmasked entry into facilities open to public (Re[prtd)

Still more Pandemic: Nobel laureate virologist calls mass vaccination a huge mistake (Report)

TheU.S. election: Georgia judge orders audit of election results (Report)

U.S. Government: Capitol rioters over-prosecuted while Antifa gets a pass? (Article)

The pandemic: Study shows patient improvement with vitamin D therapy (Report)

More pandemic: Study nixes vaccine for children, pregnant women and recovered patients (Report)

The U.S. Government aims at a new pre-crime agency to monitor everyone for criminal potential? (Report)

The pandemic: CDC alters testing to minimize reported infections of those vaccinated? (Report)

California: New rule demands Uber/Lyft transition to electric vehicles (Report)

Chicago: 6 dead, 42 wounded in weekend shootings (Report)

A naked man was arrested after chasing a woman (Report)

And that’s all …

EDITORIAL:         Teaching Finance To Your Kids, Updated

                                Money being an ancient invention, parents are provided  time-honored financial traditions to pass on to their kids in hopes of averting their insolvency. You could call it Finance 101 and we all know the basics: First, you teach them to save and then, to spend wisely. Finally, you instruct t them in the risks and rewards in the use of debt. It is simple enough really and supported by thousands of years of history. But now, that is all obsolete; a candidate for cancel culture.

                Now, politicians and economists tell us that all of this is rubbish, the delusions of ignorance. We don’t know what we are doing, so they will control our money and show us how it should be used to improve everyone’s lives. First, saving is bad, it deprives everyone but the saver of money; spending is the goal. For that, the Federal Reserve forces interest rates near zero and maintains constant inflation so saving money amounts to wasting it. Second, the government takes the money that isn’t saved anymore and spends it to help those without savings and to stimulate the economy. Even more stimulation is provided by vastly increasing the spending using borrowed money, thus funding military actions worldwide to enhance security. To further extend this stimulus, government and private lending is is expanded by easing lending terms. Why has it taken so many centuries to discover that saving and investing are dumb when we can just spend ourselves rich?.  

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 ...
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