Saturday, July 17, 2010

The Plot Only Thickens

It was only a short time ago that any talk about a hidden liberal agenda, Marxism, Communism, destruction of the U.S. or the world economy was in strictly in the realm of the blogosphere and your good old garden variety conspiracy theorist chatter. Today, that baseless nonsense has been put to rest because increasingly major publications are starting to report on events as well as credible sources which state facts and points of concern regarding many of the dizzying changes we are currently undergoing. This week, in back to back days for example, the Wall Street Journal printed articles that should have raised more than a few eyebrows but didn’t because they were ignored. The second article about - Obama's recently appointed Heath Care Czar - titled Dr. Berwick and That Fabulous Cuban Health Care: The death march of progressive medicine, goes on to talk a little about Dr. Berwick's admiration for the slowly collapsing U.K. healthcare system and debunks many of the myths of the utopian Cuban health care. The most interesting article however was printed just one day before on July 12th, 2010. In an interview with John Malone - Yale educated engineer/economist and self made billionare investor that started off discussing the future of cable ended off in somewhat of a bizzare note…

WSJ: What are you doing to protect against the weak American economy?
Mr. Malone: Well, my wife, who is very concerned about these things, moved all her personal cash to Australia and Canada. She wants to have a place to go if things blow up here.
Canada has a lot more fiscal and bank responsibility than most places in the world and lots of natural resources.
We have a retreat that's right on the Quebec border. We own 18 miles on the border, so we can cross. Anytime we want to we can get away.
It would probably be illegal but we could go. Actually our snowmobile trail goes right on the border.
WSJ: Do you have faith in the dollar?
Mr. Malone: None. I think we're enjoying right now the fact that it's a race to the bottom with Europe. The concern about the Mediterranean countries, I think perhaps is overdone. But it led to a flow of cash into the U.S. and therefore strengthening the dollar.
And keep in mind you have all these corporations that are cash rich now because they fear for the worst. So they've built up cash hoards. But where do they put the money? They put it in money-market funds. What does the money market invest in? Short-term government securities. That's how we're financing this federal deficit.


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