Menu
Cart 0

John T. Reed’s news blog

Americans are screwing ‘the rich,’ corporations, and their own grandchildren for the world’s wrong assumption that there would be no such pandemic

Posted by John T. Reed on

Pandemics are excluded by insurance policies. They are uninsurable. Legislators around the US are proposing laws forcing insurance companies to pays lost business claims..Car insurance policies exclude being used a business delivery vehicles. Legislators want to force them to pay the resulting claims..Regulators are declaring a moratorium on cancellation or non-renewal of insurance policies. A MA legislator said “bold” action was needed. In that sentence, “bold” means unconstitutional, illegal, and immoral..One of the principles of insurance is that simultaneous mass claims must be excluded. That is why wars and riots are excluded from life insurance policies. Ordering the insurance companies...

Read more →

The nation is now starting to talk about inflation because of the multitrillion-dollar relief bills. It’s about time.

Posted by John T. Reed on

DC is talking about borrowing, or more accurately, “printing” $4T more. . That is inflationary, inflationary, inflationary. I do not know the day we will get inflation. But folks, the US is not immune to the laws of economics. Before the 21st century, the trigger for inflation was usually big wars. They are no longer needed because the governments have decided to call everything World War II to justify unlimited spending . On Mark Levin tonight he interviewed Stephen Moore. They both agreed this Federal Reserve “printing” of trillions of dollars is INFLATIONARY. Ya think? . I should be hit...

Read more →

The coronavirus pandemic, is not a war; it’s a zombie apocalypse

Posted by John T. Reed on

Calling this pandemic a WAR is wrong. In what kind of war is the person most likely to kill you your spouse, your child, your parent, your grandchild or your grandparent?.This is more like a zombie apocalypse. You need to stay physically away from EVERYONE. You can get “close” to them by electronic media, maybe through the closed windows of your car..And you need to sanitize objects and surfaces that may have been touched by an infected person. Maybe the best thing is to stay away from possibly infected surfaces or objects completely, i.e., stay home. And disinfecting your hands...

Read more →

What if you do not get your US dollars out of the US before it’s illegal to do so?

Posted by John T. Reed on

In case I do not make it out of the US with our excess US dollars before the capital controls slam shut—outlawing removing money or gold from the US—I now contemplate the alternative..Once hyperinflation hits, everyone will instantly understand what I have been trying to tell them for a decade. The purchasing power of the dollar is falling by the minute. What to do?.Spend it frantically before it becomes worthless. After the Civil war, we had hyperinflation in a US currency known as the Greenback Dollar. There was a hit song about it with the lyric:.Don’t give a damn about...

Read more →

Time to go to minimum US dollars mode

Posted by John T. Reed on

The US GDP is $21.6T. I have to guess how much this telling all non-essential employees is going to affect GDP. I’ll guess 75%. So the GDP for the 12 months after the covid 19 hit the fan would drop to $5.4T. .The Great Depression was far milder that what Trump and the governors are now inflicting on the US. Look at the graph with the pink bar showing the Depression years. . https://en.wikipedia.org/wiki/Great_Depression#/media/File:Real_GDP_of_the_United_States_from_1910-1960.svg . What Trump and the governors are now doing, and bragging about, is a greater threat to the US than the Great Depression or World War...

Read more →