A Question

With all the hyped up fears of a coming crash in the stock market and in the economy overall—some pundits are claiming the coming crash will make the Panic of 2008 look like a little burble (e.g., the Federal government will have to make a choice between letting banks and other financial institutions fail en masse or firing up its printing presses)—more and more folks are pushing buying gold and silver or bragging about the gold and silver they already hold.

So my question: what’s the value of all that gold and silver in such a catastrophe? Do these folks really think they’ll be able to exchange their gold or silver for their rent/mortgage payments? Their grocery and utility bills? Their gasoline down at the filling station? Or get those things with markers for their gold and silver held in brokerage accounts rather than in their closets in physical form? What if their broker is one of those financial institutions that went bust? Those holdings, if not lost forever, will be inaccessible for weeks or months while the broker’s assets wend their way through bankruptcy courts and the innumerable legal fights over distribution.

And: how will the holders sell their gold or silver, whether held in physical form or in brokerage accounts? Who will be willing to spend their cash on hand to get those metals?

Guests and Wedding Expenses

A letter-writer to Market Watch had this, even as she offered some money-saving tips that he thinks he’s found:

I found I may be in danger of spending close to $7,000 as a wedding guest this year—and that’s while I’m also trying to save up for my own wedding.

That’s just…foolish. Even for the several weddings aggregated that he plans to attend.

As long as enablers like these…guests…keep supporting deliberately ostentatious ego-trip weddings, those costs are only going to rise.

Who Can Afford Obamacare?

The lede:

Rates for many Affordable Care Act plans rose by double digits this year. Insurers want to do the same next year.

It’s especially bad in Progressive-Democrat-run States. For instance:

In Washington state, Centene is asking for a 28% hike, after boosting rates by 35% in 2026. Blue Cross & Blue Shield of Illinois wants 15%—on top of a 28% increase this year.

Who can afford Obamacare? Nobody. Not the individual, not the nation at large. That’s what those unconscionable Federal subsidies, only recently cut back, kept hidden for so long, at the Progressive-Democratic Party government dependency pushers’ behest. Dependency is votes, as they’ve long known.

It’s time the Republican Party stopped dithering and cowering. The party needs to get rid of Obamacare and replace it with an interstate commerce-centric, lightly regulated (which would entail rescinding a double potful of regulations) free market for health insurance, one in which insurers could offer plans that customers actually want, and at competition-driven prices and deductibles, and coverages. Especially that last would drive costs down. Plans that don’t try to cover everything, unless that’s what enough customers want to make a market, plans that cover only a few things, that cover only catastrophic medical events, and every coverage level in between—whatever the customers want in sufficient aggregate to make a market.

Deterrence and Responses

Russian President Vladimir Putin can destroy NATO with a simple move, goes the intro. The simple move would be a minor incursion into Poland, perhaps, or seize some Baltic Sea islands, or (my own speculation) enter Lithuania from the Suwalki Corridor in a claimed need to widen it and then watch the NATO nations dither and not respond, which would demonstrate to the world, to Putin, and to those NATO member nations just how worthless and timid and uninterested in defending each other, much less themselves individually, the alliance is. Which is what President Donald Trump (R) has been complaining about and why he’s been prodding, even provoking, those nations to do more for their own defense.

On the other hand, those member nations could promptly and in useful coordination act to defeat the incursion, taking prisoners, inflicting casualties, and driving the remainder back out of the invaded (because that’s what it would be, never minding the timid euphemism that is “incursion”) nation. That would provide a measure of deterrence, but only in a tit-for-tat sort of way. We and our NATO fellows should have learned as long ago as our Vietnam War that tit-for-tat only leaves the door open for another try later on, with greater friendly casualties—and as the present barbarian case in Ukraine is demonstrating, increased civilian casualties.

There is another response, though, that would act to strengthen both deterrence and the durability of deterrence. That move would be simultaneously to defeat the invasion and to attack some key fuel and energy targets, complementary to Ukraine’s extant targeting, inside Russia. And, while that’s in progress, for the governments of the UK, France, and the United States jointly and publicly to point out to Putin that NATO has nuclear weapons, also.

Gerald Baker, in his article at the link, at first considered that with Russia’s military-in-being and economy so badly diminished by the barbarian’s war on Ukraine, a Putin incursion would be unlikely. Baker reported hearing rumors, though, that Putin actually is contemplating such a move.

I don’t think that’s so outlandish, and haven’t thought so from the jump (yeah, yeah, yay me). Putin’s armies don’t have to be up to snuff, neither does his economy. Especially his armies, but also his economy, only have to be better than what NATO has to offer in counter, and NATO’s relative weakness is the current situation. And: Putin has an additional critical advantage here: he has the political will to act; nor NATO nor national leadership has any such will.

That puts a premium on that third response option. And the lack of it would demonstrate the toothless nature of the NATO kitten, even were it to make the second response.

Dispositive Indication of Party’s Extremism

In an article concerning Maine’s Progressive-Democratic Party nominee for the US Senate, Graham Platner, and whether he should drop out of the fall election contest over an allegation of rape (coming on the heels of a number of women who’ve said he’d been abusive toward them), there is this statement:

Over the last 24 hours, some of Platner’s advisers have been guiding him on what a withdrawal from the race would look like and helping him figure out a way to get a candidate and a selection process he could support, according to a person familiar with the discussions.

[A] candidate and a selection process he [Platner] could support. That’s a pretty definitive statement of the control over the Progressive-Democratic Party that the socialists have, and it demonstrates pretty clearly how socialism has become the center of Party and how Party Establishment has been relegated to Party’s extremist right (even as Party’s Establishment remains plainly Left Wing relative to American politics and voters).

And, just to emphasize that point, which even includes those wanting Platner to drop out, here’s Joseph Geevarghese, who is the Executive Director of Our Revolution, the progressive organization that socialist, but nominally Independent, Senator Bernie Sanders (VT) generated:

To the Democratic establishment: this is not your opening. Mainers did not vote by an overwhelming margin against Janet Mills and the DSCC’s handpicked candidate just to be handed another status-quo candidate.

It’s hard to get any clearer than that.

Update: In the realization, Platner withdrew.

I intend to file my paperwork to withdraw,” he added. “The process needs to assure that what comes next is reflective of the Mainers, who on June 9 turned out and showed that they are desperate for a different kind of politics.

As Dana Loesch put it in her newsletter,

As the truth unraveled so did Platner’s polling. A recent NYT poll showed incumbent Susan Collins leading Platner with working class voters by 21 points, expanded more by narrowing it to white working class voters. Women, Hispanics, and other demos began sliding fast. Democrats couldn’t afford Platner hurting them in the midterms, too.

This is Party.