Showing posts with label quantitative easing. Show all posts
Showing posts with label quantitative easing. Show all posts

Monday, December 21, 2015

Big Pharma Drug Lords & Team U.S. Government : Target Martin Shkreli

Martin Shkreli is in the news today. He's upset about being arrested and later freed on $5 million dollar bail.What was his alleged crime? The F.B.I says he was running a Ponzi scheme. The vehicle was MSMB Capital Management. It is a hedge fund.Marty says that's a red herring charge. He maintains that his raising the price of 60 year old drug Daraprim from $13.50 per tablet to $750.00 per tablet is the real reason for his arrest.Marty through his hedge fund took over Turing Pharmaceuticals which had the Daraprim patent and jammed the price hike.Who feels sorry for Shkreli? I dont. But the anatomy of this sequence of events is helpful . Who created and empowered Shkreli? The Federal Reserve created the freak Shkreli. Because of quantitative easing and zero interest rates over the last 7-8 years, he and others have had full use of cheap money to fulfill a greedy persons fantasy.But all dreamers are awakened at some point to reality.Hello Big Pharma. Wake up Marty. Big pharma knocks on the door. Federal Bureau of Investigation agents a.k.a. pharma delivery and pick up service says you did business in a protected business.Pfeizer, Glaxo, Merck etc are our drug lords.They pay billions over the years to our congress so they can deal drugs in America.They have hooked so many nieve people on drugs that they have spawned the Mexican Drug cartels to fill the demand.So there's the government again.Federal Reserve then power of big pharma through big government. They create and then destroy freaks like Shkreli.This brings to mind U.S. 14 year old war in Afghanistan.Bin Laden was killed about a year ago.This was because of his master minding 9/11.Our government took 13 years to dispatch Osama. But Shkreli wanders into Big Pharmas space and the roof caves in within weeks.Shkreli ran a hedge fund. He should of hedged his Turing/Daraprim coup by paying congress reps or consulting with Big Pharma for their OK.Getting back to Afghanistan. It's a nexus of Big Government, the military-industrial-complex and I think I can include Big Pharma. Afghanistan produces 90% of heroin in the world. Heroin is de facto a cheap knock off of OxyContin and other painkillers that Big Pharma peddles on TV and all media in 185 languages.Do you think that opium eradication is a American values goal or more specifically a Big Pharma's goal?

Friday, July 12, 2013

No Cure For Deflation Because We Need It !

Ben Bernanke and his propeller- yami is in deep waters. He is fighting yesterdays problems with yesterdays remedies. Simply,  the deflation he is trying to reverse is what all of us need to survive. How can employment and wages go up when increasingly jobs and wages are being eliminated and held down respectively by technology and software that replaces humans. Consequently the push by Ben and the fed to raise asset classes by easy money and quantitative easing is actually the Kool -Aid that we should not drink. The prime example is the reflation of housing prices. Instead of making housing affordable, he is pushing the real estate market out of peoples reach.. Because the easy money he provides is mostly used by speculators who crowd out prospective home buyers who want to live in the house and not parlay it's price appreciation.

Ben will be back at Princeton before this latest bad policy/bubble is seen for what is-a bad choice. But Ben will have written a book and will have many speaking engagements lined up by then. Come to think of it, software could replace Ben at Princeton by replacing him with a simple loop recording of " Money isn't the answer and will never replace sustainable personal responsibility."

Tuesday, June 28, 2011

Quantitative Easing is a Circle Jerk

QE 2 will end this Thursday. It will cap nearly one trillion dollars of bond buying by the Federal Reserve. In essence the Fed had to borrow money to buy much of the trillion dollar U.S. government bonds. The U.S. government that issued the bonds did so to repay previous creditors. How long will this financial masturbation last? Oh I almost forgot .The two circle jerkers also work in the same building. But of course.