Daily Archives: 28 March 2011

WTF!? Lybian Rebels form a central bank.

open quoteHere’s one for the Guinness Book of Records. The Libyan rebels in Benghazi said they have created a new national oil company to replace the corporation controlled by leader Muammar Qaddafi whose assets were frozen by the United Nations Security Council and have formed a central bank!

. . . .

This continues to look like a major oil and money play, with the true disaffected rebels being used as puppets and cover, as the oil/money transfer takes place.. close quote (Read more from economicpolicyjournal.com)

FYI: The rebellion begin Feb 15th

Obamacare vs. the Constitution — Doing Nothing is an Economic Activity

* If you do nothing — ie. don’t purchase insurance — government can FORCE you to do so, then regulate you b/c you’re engaging in commerce.

* The three “healthcare market is unique” arguments:

1) Unique b/c everybody participates. Nonsense because every existing market features participation by large number of people.

2) Unique b/c cost shifting. (People without coverage have costs paid by taxpayers.) Nonsense because it exists in many markets — everyone who ever defaulted on a long has costs shifted.

3) Unique b/c people can get wiped out with medical conditions. Nonsense because people can get wiped out with business failures, gambling, drugs, depression and more.