Tag Archives: Covid

Current Events

Joe Dumbkirk

7 Comments

Tomorrow is a day that as Churchill stated many more years ago, “A day that live in infamy.’ For those who who were alive and coherent enough to remember that day, it was the most tragic incident of my lifetime. I was a mere year old when Pearl Harbour happened; therefore, this one is significant for me. I know, as I am sure you do as well, exactly where I was and what I was doing when it happened. I was mending fences on my ranch in Montana when my wife came streaming looking for me May we never forget that day and WHO it was that caused it.

Here’s another good one from my frequent contributor and friend Greg Maresca, a noted historian who only write facts!

By Greg Maresca

It was theatrical in its design and a Shakespearean tragedy in its unfolding. As the 20th anniversary of 9/11 approached, President Biden desperately desired a historical and symbolic end to the nation’s longest war.

Biden’s vision turned out to be nothing short of a ‘70s era U.S. military and intelligence debacle taken to an unprecedented scale paid for in American blood, fortitude and treasure.

Where are the resignations of all the generals and admirals who argued against capitulation?

Robert Gates, the respected former secretary of defense under both George W. Bush and Barack Obama, wrote in his memoir that Biden had been wrong on “nearly every major foreign policy and national security issue over the past four decades.”

Some things never change.

Biden’s foreign policy rewards our enemies and punishes our allies.

It was in June as the Taliban began their march to Kabul that all U.S. embassies throughout the world celebrated sodomy via “Gay Pride Month,” as part of the Biden’s Administration’s foreign policy.

American exceptionalism was replaced with American perversion.

As Great Britain’s Neville Chamberlain is remembered for appeasement in the Nazi takeover of Sudetenland, Biden will be remembered for leaving Afghanistan to the Taliban, while abandoning thousands of America’s allies and rebooting Islamist fundamentalists the world over.

Allowing the Taliban to dictate the terms of withdrawal was reprehensible and irresponsible. As such, it raised the threat of terrorism to levels it had not witnessed in years.

Biden is a shoo-in for the Nobel Appeasement Prize for his military retreat – Dumbkirk.

Biden bequeathed the Taliban a reported $85 billion in military hardware that will allow them to wage war and terror for years. Moreover, Bagram Air Base is now China’s de facto world class central Asian integrated air headquarters courtesy of the American taxpayer. Likewise, Afghanistan is rich in rare earth minerals that China will certainly exploit and profit from.

Biden’s surrender plays daily throughout our fruited plain. Portland, Oregon is lawless permitting Antifa, and the Proud Boys to wage battle without consequences. In Los Angeles, Seattle, and San Francisco homeless bivouacs and unbridled crime have turned these cities into dystopian, democrat nightmares. In Chicago, gang warfare runs rampant with shootings far worse than what our military experienced in Afghanistan especially over the last 18 months going without casualties.

What Biden has succeeded in doing is uniting nearly two-thirds of Americans — all of whom believe his flight from Afghanistan was a colossal disaster.  It is the one-third who believe Biden is actually doing a good job that is most concerning.

In a successful military and intelligence campaign in Afghanistan, we had 2,500 troops with a strategic presence in central Asia’s foremost terrorist breeding grounds. Continued funding certainly could have been found in the series of COVID relief packages passed by Congress, of which less than half went to anything remotely COVID.

For over 70 years, we have maintained thousands of troops in South Korea, and since the end of World War II we have had troops in Japan and Germany. Maintaining a contingent of troops in Afghanistan that have been successful in deterring terrorism at home you think would be a given.

The Russians, Chinese, Iranians and the North Koreans will certainly test our defenses especially in cyberspace.

Come 9/11 our enemies will be dancing in the streets as our southern border is wide open and we are lectured about how vaccinations, global warming, and systemic racism are the most pressing problems facing the nation.

Perhaps Biden should send an army of social workers and psychologists into Afghanistan who could reason with the Taliban and show them the errors of their ways. Instructing them how they were wrongfully utilizing microaggression, ignorant of Facebook’s 58 genders, and the wonders and marvels of applied critical race theory.

Such a pathetic ending in Afghanistan was most unworthy of this 20-year epic struggle.

It was not a departure but an abandonment.

Could there have been any less planning and foresight?

Whatever possessed Biden to believe that the 20th anniversary of 9/11 was the right time for such a pullout?

 

 

 

 

 

 

The ensuing chaos at Kabul’s airport with people falling to their deaths from American Air Force planes is seared into the Biden legacy.

Postscript: This will be my last post for a little over a week. My bride and I will depart on the 11th, Saturday, on a LONG overdue Honeymoon (35 years). We never had one as I was in the middle of SOC workups , then deployed for six months. She understood completely as all Marine wives do. So we are going to some faraway place and hideout for a week. No, I won’t tell you until we return. No phones, no internet, and no TV. Swim, snorkel, scuba dive, sail board, relax, refresh, drink umbrella drinks under a canopy on the beach, and have a specially prepared dinner for us on our day — 13 September — on the beach under the same personal umbrella. 

I wish you all the best, stay safe, keep up the pressure on you know who and all the holders of his many puppet strings. I hope he hasn’t destroyed America so we have a place to which to return. Semper Fi; Jim and my bride of thirty-five years.

 

 

Originally posted 2021-09-10 13:38:27.

Current Events

Political Passports

2 Comments

Another great one from my friend and contributor Greg, and a good one it is. As promised I have given up posting President Joe Sanders’, no that’s not a typo, nation destroying actions. So what, besides Joe’s garbage, is going on in the swamp. even though it is Saturday. They never take a day off, not even Sundays, but I do. The Lord is going to get them for that. at least I sure hope so! 

 

 

 

 

By: G. Maresca

“Your Paper’s Please.”

It is a phrase with historical Cold War overtones from the East side of the Iron Curtin. Such an introduction may find itself being exercised from sea to shining sea if the armies of government bureaucratic COVID-19 zealots get their way regarding digital vaccine passports.

Communist China that tracks its citizens and uses medical tyranny to enforce compliance was onboard as soon as a vaccine was available.

I have yet to hear a cogent and convincing argument as to why COVID-19 is different from every other virus and every other pandemic. Why was it necessary to violate Constitutional rights and close down an economy, while censoring and ridiculing anyone who questions why?

The average age of COVID death is 78, while the average life expectancy is the same. Why should any healthy person be forced to take a vaccine where the recovery rate is 99.6%? Asking children to get vaccinated when effectively 0% of those under 18 with COVID die and the vast majority are asymptomatic is totally unnecessary.

There are far deadlier diseases than COVID that require nothing by way of vaccination. How about a bar code on the forehead, or is that too much Mark-of-the-Beast?

In a dichotomy of the times, many that are against voter ID covet vaccine passports. Showing an ID to vote supposedly suppresses. A digital vaccine passport would require downloading an app to your pricy phone to prove you received a vaccine for a virus that is no deadlier than influenza where you must be tested to know you contracted it.

While certain vaccines are required for overseas (ask any member of the Armed Forces) where some deadly diseases are more common, Americans have to understand such passports are being touted as a requirement for living within the land of the free.

The Patriot Act and other post-9/11 surveillance legislation by Washington that is arguably unconstitutional have been abused beyond their initial Orwellian reach. Recall how your Social Security number would be forbidden to be used outside of Social Security. Now picture a central vaccination database administered by Uncle Sam – what could possibly go wrong?

Since the length of vaccination efficacy is still unknown, when does your digital approval expire and who decides? What about those who possess natural immunities having recovered already?

This not only violates our Constitution, HIPPA laws, and liberty regarding decisions about one’s health. You must prove you are not the leper that everyone suspects. It is the equivalent of “guilty until proven innocent.” We should respect everyone’s wishes whether they want to get vaccinated or not. America was built on individual liberty and personal responsibility.

Vaccine passports is an anathema to our democratic principles and Constitutional rights. It is an insidious overreach allowing for bureaucrats to leverage fear and control the debate and push unconstitutional policies. This would serve to maintain the culture of shutdowns and restrictions, while violating one’s privacy, and act as a gateway for nefarious players for boundless abuse.

Requiring passports would endorse more political malfeasance in a society already drowning in it. The vaccine passport is not about easing restrictions but a coercive to vaccinate. It has nothing to do with health or the science, but everything to do with power and control.

It would place access in the hands of a bureaucrat akin to a Twitter or Facebook content reviewer. Passports will create another breed of identity politics that is destroying society by pitting brother against brother, friend against friend, neighbor against neighbor.

Noncompliance would give unelected bureaucrats power to discriminate and fashion another political identity class. For those who take the shot a somewhat pre-COVID life, but for those who refuse, repression of goods and services.

Americans are an autonomous people and would recoil at the thought of any restriction on our freedoms. Today, we just shrug and continue to scroll away on our phone masked up like a preteen on Halloween.

We all know what the road to Hell is paved with.

With every vaccine is informed consent. Passports would be coercion, not informed consent.

Texas, Tennessee, Florida and Mississippi have nixed vaccine passports.

The rest of the union needs to follow suit.

I have an idea. Something I learned from my cattle mentors in MT. Ear tags. We should place a certain color ear tag in everyone upon receiving their final vaccine shot. That way, we can see at a distance who is safe and who is not.  Those with the right colored ear tag need not wear a mask. So, if you meet up with someone who does not have the right ear tag and is not wearing a mask, you can shoot him/her. Right? I mean if we are going to force controls on our citizenship n preparation for us becoming a communist nation, no amount of force and coercion is unacceptable., and we need to get on with it. What do you think Joe?

 

Originally posted 2021-05-15 12:36:55.

Current Events

Biden’s Vaccine IP Debacle

4 Comments

Okay Mr. Joe Sanders-Pelosi-Harris-Warren-Ocasio-Cortez , you have done it now. How dare you do this to companies who have spent billions on research and development providing the world with safe, effective vaccines. You sir are a blooming idiot. If I were the CEO’s of Pfizer and BioNTech. I would tell you to go pound sand and refuse to give up the ingredients and processes for my vaccines. What would that fool do, close my business? Yeah, right. How would that settle with the American public? This is a travesty that we as Americans should not put up with. Note my opening sentence, Biden’s name isn’t there since I feel certain he was not able to come up with this communist scheme, they did! WHO IS IN CHARGE IN AT THAT PENNSYLVANIA AVENUE BUILDING? It sure isn’t him. 

Date: May 9, 2021 at 8:29:31 AM PDT

 “In one fell swoop he has destroyed tens of billions of dollars in U.S. intellectual property, set a destructive precedent that will reduce pharmaceutical investment, and surrendered America’s advantage in biotech, a key growth industry of the future.”

His patent heist is a blow to the Covid fight and U.S. biotech.

By The Editorial Board

May 6, 2021

We’ve already criticized President Biden’s bewildering decision Wednesday to endorse a patent waiver for Covid vaccines and therapies. But upon more reflection this may be the single worst presidential economic decision since Nixon’s wage-and-price controls.

In one fell swoop he has destroyed tens of billions of dollars in U.S. intellectual property, set a destructive precedent that will reduce pharmaceutical investment, and surrendered America’s advantage in biotech, a key growth industry of the future. Handed an American triumph of innovation and a great soft-power opportunity, Mr. Biden throws it all away.

***

India and South Africa have been pushing to suspend patents at the World Trade Organization for months. They claim that waiving IP protections for Covid vaccines and therapies is necessary to expand global access, but their motivation is patently self-interested.

Both are large producers of generic drugs, though they have less expertise and capacity to make complex biologics like mRNA vaccines. They want to force Western pharmaceutical companies to hand over IP free of charge so they can produce and export vaccines and therapies for profit. Their strategy has been to shame Western leaders into surrendering with the help of Democrats in the U.S.

But suspending IP isn’t necessary to expand supply and will impede safe vaccine production. The global vaccine supply is already increasing rapidly thanks to licensing agreements the vaccine makers have made with manufacturers around the world.

Pfizer and BioNTech this week said they aimed to deliver three billion doses this year, up from last summer’s 1.2 billion estimate. Moderna increased its supply forecast for this year to between 800 million and a billion from 600 million. AstraZeneca says it has built a supply network with 25 manufacturing organizations in 15 countries to produce three billion doses this year.

AstraZeneca and Novavax have leaned heavily on manufacturers in India to produce billions of doses reserved for lower-income countries. But India has restricted vaccine exports to supply its own population. IP simply isn’t restraining vaccine production.

Busting patents also won’t speed up production, since it would take months for these countries to set up new facilities. Competition will increase for scarce ingredients, and less efficient manufacturers with little expertise would make it harder for licensed partners to produce vaccines.

There’s also the problem of safety. Johnson & Johnson has experienced quality problems at an Emergent plant making its vaccines, and that’s in Baltimore. Imagine the potential problems with unlicensed producers in, say, Malaysia or Brazil. If vaccines made there have complications, confidence in licensed vaccines could plummet too. And who would Pfizer and Moderna sue to get their reputations back?

The economic self-damage is also hard to fathom. The U.S. currently has a competitive advantage in biotech and biologics manufacturing, which could be a growing export industry. Waiving IP protections for Covid vaccines and medicines will give away America’s crown pharmaceutical jewels and make the U.S. and world more reliant on India and China for pharmaceuticals.

Moderna has been working on mRNA vaccines for a decade. Covid represents its first success. Ditto for Novavax, which has been at it for three decades. Small biotech companies in the U.S. have been studying how to create vaccines using nasal sprays, pills and patches.

Thanks to Mr. Biden, all this could become the property of foreign governments. Licensing agreements allow developers to share their IP while maintaining quality control. Breaking patents and forcing tech transfers will enable China and low-income countries to manufacture U.S. biotech products on their own.

China’s current crop of vaccines are far less effective than those in the West, but soon Beijing might be able to purvey Pfizer knock-offs. The U.S. has spent years deploring China’s theft of American IP, and now the Biden Administration may voluntarily let China could reap profits from decades of American innovation.

***

Instead of handing over American IP to the world, Mr. Biden could negotiate bilateral vaccine agreements and export excess U.S. supply. If Mr. Biden wants to increase global supply safely, the U.S. could spend more to help the companies produce more for export. Then the jobs would go to Americans. We thought this was the point of the production deal Mr. Biden negotiated between J&J and Merck.

Alas, this President seems to be paying more attention these days to Elizabeth Warren, Bernie Sanders, Alexandria Ocasio-Cortez and Nancy Pelosi. They think vaccines and new drugs can be conjured by government as a public good with no incentive for risk-taking or profit. This really is destructive socialism.

Mr. Biden ought to listen to Angela Merkel. Pfizer’s partner BioNTech is a German firm, and the German Chancellor said Thursday that she opposes the WTO heist: “The protection of intellectual property is a source of innovation and it must remain so in the future.”

At least IP is safe in Germany. Mr. Biden has sent a signal around the world that nobody’s intellectual property is safe in America.

There is nothing I can add to this pitiful, destructive, and downright idiotic  decision by that fellow who is supposed to be our president.

 

Originally posted 2021-05-10 12:37:20.

Current Events

All Dollars and Little Sense

3 Comments

Good day fellow patriots and conservatives. Haven’t posted in a few days as I have been overwhelmed with tales from the swamp creatures and their devious ways. The trial is over, and as we expected he was was found guilty, albeit with Joe and the b**ch from california ( I refuse to capitalize the name of that foreign land) spouting off at the mouth there is lots of ammo for an appeal. Let’s keep praying for it to happen..

And of course the House voted to make DC a state. Oh isn’t that great two more leftist senators and one congressman for the swamp. I don’t hold out much hope from the senate to strike it down; too many leftist republicans in there. So, how will we arrange the stars in the flag?  That will be fun to watch.

From my tone you may wonder what is going on. Well at my ripe age, I refuse to get excited about what happens. Oh, don’t get me wrong. When the war comes, I shall man the lines as I have done before, and if anyone offers me a billet such as a battalion commander, I shall rise to the occasion, as I am sure you will as well.

Had lunch today with two old fellow retired colonels with whom I have served several times, but not seen them in a while — I really don’t know why since we are all retired.  Joining us was another local retired colonel and a retired captain. Of course the items of discussion was a few war stories and lots about the swamp. It’s always a good time when Marine brothers can get together — I miss that.

Okay, what’s the post? Well , as many of you know, I am an Economist by education and full time hobby. I enjoy playing in the market. Today’s post came from my old friend and contributor , Eric Maresca. As a market player I found the article interesting and a dire warning to those who do as I do. Read and learn

By Eric Maresca

The stock market bull rally that got underway after a giant fall last February and ushered in the COVID era has been relentless. Who would believe record highs were even possible after such a swift drop during a pandemic, followed by political turmoil and civil chaos.

After the Federal Reserve cut interest rates again and went on a printing spree pumping trillions into the economy through three stimulus packages, the benchmark S&P 500 and the Dow Jones Industrial Average were catapulted to virgin territory. Likewise, we are in the midst of a cryptocurrency revolution where their hourly values run like an amusement park roller coaster.

With the M1 Money supply – the amount of liquidity available for spending – also at an all-time high at $18.4 trillion, the potential for one of the biggest economic booms in U.S. history is primed.

This optimism has predicted a strong 2021 second half.

The larger concern is 2022 and beyond.

Historically, long periods of low interest rates combined with a growing federal debt is no yellow brick road to Oz. You cannot ignore the laws of physics, gravity, or economics, as the government is spending itself into oblivion. From 2010 to 2019, the aggregate GDP growth was nearly the same Uncle Sam spent in COVID stimulus.

With so much stimulus finding their way to Wall Street, stock prices have been inflated. To underscore how pricey stocks are all you have to do is to juxtapose the price-to-earnings multiple at 31.5 and the price-to-sales at 2.9. At the peak of the dot-com bubble in March 2000, the price-to-earnings ratio was 29 and the price-to-sales ratio at 2.3. In addition, the stock market capitalization-to-GDP ratio that measures markets relative to the economy that peaked in 2000 at 140%, stands today at 190%.

Can you whisper bubble? Such a pop would result in a fiscal 9/11 and catch many nascent investors napping. Many were too young to recall the dot-com bubble burst over a generation ago and will pay dearly.

As the stock market rolls along, so does the national deficit. In fact, it seems to be about the only thing that is mushrooming faster. This should concern plenty, but along the D.C. Beltway such matters are dismissed.

 Stock trading has drawn plenty of new players armed with their “stimmy.” Rather, than paying bills, buying necessities, or paying down their debts, these emerging investors have turned day trading into gamification. With success they gain confidence and buy more shares, but the market’s present trajectory won’t last. When it drops many will see it as a fire-sale opportunity.

The stock app at center stage is aptly named Robinhood having taken its namesake from the English Democrat who robbed from the rich and redistributed their wealth. In this stimulus era of Robinhood fever and GameStop, why waste time researching good companies at reasonable prices, and then waiting years for returns to compound?

Apps like Robinhood, SoFi, Webull, and Public.com can be fun, but addictive, and a bookkeeping nightmare.

Such internet trading platforms make basic tax-abating strategies difficult to implement. Buying and selling stocks by the lot can lower your tax bill by choosing which shares to sell. However, selling specific lots are difficult or impossible to do online as sales are based on a first-in-first-out (FIFO) basis, where the oldest shares are sold first.

These time-honored tactics may be the least of their concerns when the market turns because it will. Once the public buys in, time is short and the potential for disaster gains momentum. When the melt down commences, nearly everyone will lose more on the way down than they made on the way up. Melt Downs do not end quickly, but over time. If the market is one thing – it is unforgiving.

Market peaks are clear in retrospection, but not in the moment, but the warning signs are there.

Do not confuse a bull market for brains.

As the timeworn adage rings: “Markets can remain irrational longer than you can remain solvent.” That applies for booms, too.

Mot people do not have an exit plan like trailing stops that protects your gains and prevents you from losing more money. A diversified portfolio and fixed selling points is always your friend.

In my ECON 101 class the professor told a story that I have found over the years to an absolute. “Put five Economists in a room and ask them a simple question and you will always get at least six answers.” I have been trimming my portfolios for the last two months. I have more cash than I have ever had, upwards of 30% cash, and I keep building it. I have good stocks e.g., DOW down over 300 points today and my portfolio was up 1.9%. But I keep taking some profits and paring down. I believe it is coming folks; somone has to pay the bills the swamp is piling up.  Greg is talking common sense.

Originally posted 2021-04-22 17:16:31.

Recent Posts

An Intentional Balk

6 Comments

LOL, I love it when these leaders of the sports world make decisions that they believe will save their beloved sport. Good luck! It’s Economics folks, pure and simple, which is a “social” science, so again good luck figuring out what your fan base will do when you enact something. Since I have never been an avid MLB fan, I could care less, but I will enjoy watching what happens. 

By Greg Maresca

In 1968, Simon and Garfunkel wanted to know where the Yankee Clipper Joe DiMaggio had gone. Over half a century later, the suits of Major League Baseball (MLB) have to be wondering the same for their younger fan base.

Economists say demographics are king, and if true, then MLB is in more trouble than the British Royal Family. A survey by Street and Smith’s Sports Business Journal reported the average MLB fan is 57 years old. By comparison, the average age of an NBA fan is 42.

 Baseball like the culture it entertains has its share of problems.

 The game is still popular but is rapidly aging. Declining attendance has also plagued MLB having lost 6.3 million in attendance over the last eight regular seasons.

Those who play the game are shrinking as well from Little League up through the minor leagues.

It is no secret that participation in Little League has declined greatly through the years. All one has to do is look around. The one youth baseball entity that is doing well is travel baseball. Travel ball provides a chance to play year-round with exposure to college coaches and professional scouts. The problem is the costs are out of reach for many families pitting the baseball haves against the have-nots.

Stickball and stoopball were both central components of the urban youth streetscape experience that have now joined Ringolevio, Hopscotch, and Double Dutch as just more relics of the past. What does any of this have to do with MLB?

Plenty.

All came of age like MLB during the first half of the 20th century. We are now in the first half of the 21st century and like anything else, change is in vogue and baseball is an agrarian game from another century.

MLB is trying to adjust, but at what cost?

The homerun is baseball’s signature and in 2019 BC (Before COVID), the regular season homerun record was broken. The strike-out record also fell that year turning baseball into a prolonged version of Gillette’s Home Run Derby. MLB’s response: the 2021 baseball will be slightly “deadened” meaning a 375-foot stroke will be a few feet shorter – enough to keep more balls in play.

 The changes that remain post-COVID include doubleheaders lasting seven-innings each. Positive coronavirus tests saw teams play 55 doubleheaders. These abridged seven-inning games took an average of just over two and a half hours. This change should help address today’s compromised attention spans that can be juxtaposed to a barn cat in June. And with the average baseball game lasting three hours and seven minutes – Houston we have a problem and it is much more than the Astros cheating.

One change suggested was that all television and radio broadcasts would only be able to air just one 30-second advertisement at the half-inning. Greed overruled and the idea was dropped as quick as conducting more Joe Biden press conferences.

After allowing the designated hitter (DH) during last year’s pandemic-shortened season, the National League (NL) will again have pitchers batting. However, this season could very well be the last time pitchers’ bat. The consensus is the DH is the future of the NL, as it has been in the American League since 1973.

 Moreover, all extra innings with start with a runner on second base. This has been successfully done throughout the minor leagues in recent years, but to the purists of the game it’s nothing short of baseball heresy.

The MLB playoffs will return to their previous format with three division winners and two wild cards per league. But when MLB’s collective bargaining agreement ends December 1 expect the playoff field to permanently expand.

There has never been a time where competition for the entertainment dollar is as fierce, so what does MLB do? Propose eliminating 42 of its 160 minor league teams.

The games abiding fabric can be found within the minors, where the prices are affordable and the players accessible. Kids can get on the field during promotions. The minors are not just for player development, but for fan development, too.

Eliminating many grassroots minor league teams which, in and of themselves, carry a longstanding history is baseball’s version of euthanasia.

This is no 7th inning stretch.

 

UPDATE:

As though all these woes are not enough, the MLB Commissars  have decided the MLB should enter the political arena. Since GA has enacted, or are about to, election laws requiring an ID to cast your ballot, they have decided to move the All-Star game and the MLB drafts from Atlanta to who knows where. Reason? They say enacting a requirement for an ID to vote restricts people of color from voting. WHAT? That is asinine. How many actions today require an ID? So people of color can not do anything today that requires an ID because, what — they do not have one? Why? Someone of color please explain that to me.

MLB is dying, as is NFL and NBA. And as far as I am concerned they can all go the way of the Dinosaur. I’ll continue to watch certain  NCAA sports, but it appears there could be some drastic changes coming about from that group of misfits as well e.g.,  some literal college grants a transgender a scholarship to play women’s basketball.. Don’t believe me, watch and see, I guarantee there is a university out there thinking about it and many transgender basketball players filling out their applications as I write.

Originally posted 2021-04-03 09:52:54.