In case you missed it, on July 21st 2011 the U.S. Government Accountability Office (GAO) released a 266 page partial audit of the Federal Reserve (FED).
Here is the punch line: The Federal Reserve secretly kept the Phony-Fiat-Money-System afloat by “lending” out $16 Trillion Dollars to various corporations and banks, many of which were foreign, non-U.S. entities like The Bank of Scotland, UBS (Switzerland), Deutche Bank (Germany) and Societe Generale SA (France) between December 1, 2007 through July 21, 2010 (read this as: Created-Out-Of-Thin-Air and had refused to tell us). The details are on page 133 which you can read here.
How big is $16 Trillion Dollars? Well, to get a basic idea please review this excellent presentation. Here are some other ways to try to get your head around this astounding number:
The entire U.S. GDP is $14.8 Trillion Dollars. That is what everybody: you, me, everybody, including all Government spent in 2010.
The entire U.S. Debt over the past 200 years is $14.5 Trillion Dollars. It used to take time to dig a whole this deep….no more! (Read more from lewrockwell.com)
Apparently, it isn’t so fun to get downgraded. Earlier this month, Standard and Poor’s downgraded the U.S., which caused a domino effect and pushed down the ratings of bonds issued by other entities implicitly guaranteed by the U.S like some municipalities. The retaliation appears to have begun.
This week, we’re learning that some of those local governments are dropping the agency from the group it pays to rate its debt. Meanwhile, the U.S. Justice Department is reportedly investigating S&P for its mortgage bond rating mistakes. (Read more from theatlantic.com)
Doctor protests accompanied Canada’s first imposition of government control in Saskatchewan, and the initial nationalization in 1962. The socialists overcame the protests by buying off doctors who, in protest, had closed their offices for 23 days.
The eugenecists who promoted it.
Thomas Douglas, who nationalized Canada’s healthcare, advocated moral and psycological screenings for marriage and sterilization for unfit individuals. There was a sterilization statute in Saskatchewan in the 1930s.
Canadian system remains overwhelmingly popular.
Since it is illegal to use prices to reduce demand. The only available system for rationing is queue-ing. Median wait time between referral by general practioner to treatment in 2010 was 18.2 weeks. It varied by specialty and province.
The longest was for orthopedic surgery was 36.7 weeks.
In New Brunswick, the worst offender, median was 24.6 weeks.
The Supreme Court of Canada acknowledged the wait for knee replacements is often over a year, and that many patients die on waiting lists for cardiac care.
Physicians get paid according to how many patients they see. As a result, is common to double and triple book.
The average wait times for human access to
ultra sound — 31 days
ct scan — 30 days
mri — 69 days
pet scans — completely unavailable
The average wait times for animal access to
ct scans — a few hours
mri — a few hours
In 2008, Forbes magazine: there were more MRIs in Pittsburg than in Canada.
Despite this, there was opposition to a group of doctors attempting to set up private MRI clinics because they didn’t want anybody “jumping the queue.”
After the first private MRI clinic opened in 1993, Prime Minister Jean Chretien vowed to end funding to any province which allowed such private clinics to continue existing. Thomas Douglas’s CCF and the union of public employees led the opposition.
More seriously ill patients have a harder time finding an acute care hospital bed in Canada than moderately ill patients because of perverted incentives which put emphasis on cost.
To control costs, government attempts to restrict the number of Canadian doctors contributing to the doctor shortage.
Despite this, their system remains popular. Substantial propaganda contributes to this.
In case you missed it, on July 21st 2011 the U.S. Government Accountability Office (GAO) released a 266 page partial audit of the Federal Reserve (FED).
(Read more from lewrockwell.com)