#28 Investments Evil and DDT
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Manage episode 303841429 series 2821002
Radio Show #2021-8, Podcast #
DISCLAIMER: This broadcast is intended for educational
purposes only and does not constitute investment advice or an offer to buy or
sell any security or insurance product. All information provided here is for educational
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Note: For purposes of time, not all material here made it into the
podcast. It has been left in this script because it’s interesting. Thank you
Russ and PJ
S&P 500 IN SEPTEMBER:
I reported to you kind folks out there in radioland at the
beginning of the month that September is historically the worst month in the
stock markets, w/ the S&P 500 typically losing 0.70%. WHOOPS!
As I wrote this on Wednesday morning, the S&P 500 was down
4.3% for the month. So, expect to see lower account values when your
statements arrive next week. No big deal; in the average year we
generally see a pullback of 13%, according to Fox Bus News.
This is from Robert Almeida, the Global Inv Strategist for MFS:
“The markets are awash in crosscurrents, so it’s critical to focus
on what’s material and filter out market noise.
Profits are a function of revenues versus costs, and we think that
revenue growth is vulnerable and costs are likely to rise.
We expect high-priced financial assets that deliver underwhelming
fundamental performance to be repriced while stocks and bonds of companies that
meet expectations may be in short supply, earning them a scarcity premium.”
“When things get complicated, I find it helpful to try to simplify
them. In its simplest form, investing is an exchange of capital for a stream of
future cash flows. The cost of capital is set by its providers based on the
riskiness of the investment and the probability of realizing promised cash
flows. What makes investing difficult, of course, is that the future is
unknowable. Investors can only theorize about a project’s potential for success
or failure in terms of a range of potential outcomes.
Technology has democratized information, and society is more
informed than ever before. We have infinite and instantaneous access to news.
However, I question whether that has improved investors’ ability to price risk.
As John Naisbitt writes in Megatrends, “We are drowning in information but
starved for knowledge.”
I won’t bore you with the details, but he goes on to say in his
conclusion that he is not suggesting a bear market or correction is on the
horizon. I don’t have that type of clairvoyance, nor do my strategist peers
(though some think they do!). Anyway, that’s not how we think about investing.
Looking ahead, we expect high-priced financial assets that deliver
underwhelming fundamental performance to be repriced. When valuations are high,
the market’s tolerance for disappointing data (even if the miss is small) is
low. Conversely, stocks and bonds of companies that meet expectations may be in
short supply and outperform by earning a scarcity premium.
Combined with the poor risk/reward tradeoff in many financial
assets today, discretion has the potential to be worth more than it has in a
very long time. It’s a time for patient, skilled investors.
After all, as the saying goes, it’s the second mouse that gets the
cheese.
PATIENCE Grasshopper. I have been raising cash in my less
aggressive accounts because in large part, I agree with Mr. Almeida’s
outlook.
List of evils:
There was a column this week in the WSJ by one of my favorite
writers, lance Morrow entitled “Not that long ago Evil really meant
something.”. We can all agree that Hitler personified evil. And so
did Charles Manson. But like everything else in modern America, the word
evil has been dumbed-down. It seems that today, anyone who disagrees with
a neo-liberal is now…considered evil. Sean Hannity is evil. Tucker
Carlson is evil. I am evil because I report inconvenient facts to neo-liberals
who have no idea what a fact actually is.
So I wanted to go thru a list of things…or policies… and the
people who advocate for those policies that I find to be evil.
This is my partial list of evil stuff:
DENIAL OF ELECTRICITY TO 13% OF HUMANITY:
Power grabs cloaked in pseudo science, like the global warming
hoax might seem harmless enough. The lucid among us who actually
understand the scientific method understand this is total BS. But, it is
sold as saving the planet for future generations, and those of you who can’t
compute simple math or use logic to assemble and analyze facts, or who “feel”
like tackling a fake problem makes you virtuous, understand this: 940 myn
humans live without electricity, and neo-liberals, in their relentless pursuit
of political power are happy to deny those nearly 1 byn souls from ever
flipping a light switch, or owning a refrigerator to keep their food fresh in
the hot tropics. Those without electricity have a 15-yr lower life
expectancy…and live in squalor. Some 700,000 people die in sub-saharan
Africa every year due to burning dung, wood and cardboard in their homes for
cooking and heating.
Is it evil to deny those souls life extending electricity?
Can those of YOU who advocate for denying 1 byn people access to electricity
because doing so makes you feel good, can you virtuous souls imagine living the
rest of your short, miserable, disease-ridden lives without electricity?
Hell no. I mean, as neo-liberals there is simply no way to disabuse you
from being miserable. Misery is part and parcel of neo-liberalism…they
are just not happy people! California uses more electricity on its
pools and hot tubs than do all 44 myn inhabitants of Uganda. You think
those virtuos neo-liberals in Calif would forgo their warm spas? Then
think again!
So, I ask again, is denying 13% of the planet’s population
electricity not evil? Because it sure seems evil to me. In fact, in
my opinion, denying others the things you take for granted in order to feed
your vanity and ego is a primary definition of evil. (World Bank, UN, Biden
administration, The Brookings Inst, The New Climate Economy, Robert Kennedy,
etc.).
Dichloro-diphenyl-trichloro-ethane…or…DDT & MALARIA:
Based upon the lies that were written by Rachel Carson in her
ridiculous book “Silent Spring”, the founding administrator of the EPA, Mr
William Ruckelshaus…who was an attorney and a politician…not a scientist…banned
DDT. Because doing so made neo-liberals feel good….remember folks, we
need to live OUR lives in ways that make illiberals…. FEEL….good.
At the time of its banning, DDT was primarily used twice per year,
in very small doses…as a spray in mud huts in 42 countries, in Sub-Saharan
Africa. It was VERY effective at repelling the female anopheles mosquito
that carries malaria.
Here’s a quick history lesson that I find to be fascinating…and
for any of you long-time listeners, you might recall this is a pet issue for me
that I used to lambaste Michael Conniff over:
From The New Atlantis: “DDT was used during WW2 with great
effect. In the brief Sicilian campaign of early summer 1943, malaria had
struck 22,000 Allied troops — a greater casualty toll than that inflicted by
the Axis forces themselves. The Allied High Command declared that “from
now on, DDT marches with the troops.”
The order could not have come at a better time. As British and
American forces advanced in Europe, they encountered millions of victims of
Nazi (the Nat’l SOCIALIST German Workers Party) oppression — civilians under
occupation, slave laborers, prisoners of war, concentration camp inmates —
dying in droves from insect-borne diseases. But with the armies of liberation
came squads spraying DDT, and with it, life for millions otherwise doomed to
destruction. The same story was repeated in the Philippines, Burma, China, and
elsewhere in the Asia-Pacific theater. Never before in history had a single
chemical saved so many lives in such a short amount of time.
In recognition for his role in this public health miracle, Paul
Müller was given the Nobel Prize for Medicine in 1948. Presenting the award,
the Nobel Committee said: “DDT has been used in large quantities in the
evacuation of concentration camps, of prisoners and deportees. Without any
doubt, the material has already preserved the life and health of hundreds of thousands.”
With the coming of peace, DDT became available to civilian public
health agencies around the world. They had good reason to put it to use
immediately, since over 80 percent of all infectious diseases afflicting humans
are carried by insects or other small arthropods. These scourges, which
have killed billions of people, include bubonic plague, yellow fever, typhus,
dengue, Chagas disease, African sleeping sickness, elephantiasis,
trypanosomiasis, viral encephalitis, leishmaniasis, filariasis, and, most
deadly of all, malaria. Insects have also caused or contributed to mass death
by starvation or malnutrition, by consuming up to 40 percent of the food crop
and destroying much of the livestock in many developing countries.
One of the first countries to benefit from the use of DDT for
civilian purposes was the United States. In the years immediately preceding
World War II, between one million and six million Americans, mostly drawn from
the rural South, contracted malaria annually. In 1946, the U.S. Public Health
Service initiated a campaign to wipe out malaria through the application of DDT
to the interior walls of homes. The results were dramatic. In the first half of
1952, there were only two confirmed cases of malaria contracted within the United
States.
Other countries were quick to take note of the American success,
and those that could afford it swiftly put DDT into action. In Europe, malaria
was virtually eradicated by the mid-1950s. South African cases of malaria
quickly dropped by 80 percent; Ceylon (now Sri Lanka) reduced its malaria
incidence from 2.8 million in 1946 to 17 (people) in 1963; and India cut its
malaria death rate almost to zero. In 1955, with financial backing from the
United States, the U.N. World Health Organization launched a global campaign to
use DDT to eradicate malaria. Implemented successfully across large areas of
the developing world, this effort soon cut malaria rates in numerous countries
in Latin America and Asia by 99 percent or better. Even for Africa, hope that
the age-old scourge would be brought to an end appeared to be in sight.”
Then…in 1962…one of the planet’s greatest (and by greatest, I mean
worst) perpetrators of genocide wrote her nonsensical book that was full of
lies called Silent Spring. This was the advent of the so-called
“environmental movement” which is the ruse under which power-hungry socialists
around the world are attempting to regulate, confiscate and control energy
assets under the guise of the Global Warming Hoax.
The New Atlantis goes on to say that “While it was excellent
literature, Silent Spring was very poor science. Carson claimed that DDT was
threatening many avian species with imminent extinction. Her evidence for this,
however, was anecdotal and unfounded. In fact, during the period of widespread
DDT use preceding the publication of Silent Spring, bird populations in the
United States increased significantly, probably as a result of the pesticide’s
suppression of their insect disease vectors and parasites. Since DDT was banned,
here in the USA we have lost 25% of our bird population.
In fact, the U.S. Starling population peaked in 1969, and has
dropped by 65% since then.
In her chapter “Elixirs of Death,” Carson wrote that synthetic
insecticides can affect the human body in “sinister and often deadly ways,” so
that cumulatively, the “threat of chronic poisoning and degenerative changes of
the liver and other organs is very real.” In terms of DDT specifically, in her
chapter on cancer she reported that one expert “now gives DDT the definite
rating of a ‘chemical carcinogen.’” These alarming assertions were
false as well.
Silent Spring led to the banning of DDT, essentially
worldwide. From the time DDT was banned in 1972-2006, how many
dark-skinned, sub-Saharan African women and children have been killed by
malaria?
According to every democrat’s favorite so-called health
organization…the WHO…some 44 myn people died from malaria due to the DDT ban
while byns more were infected and suffered from the disease. Now, Hitler
was responsible for the deaths of as many as 100 myn people; so Rachel Carson
is kind of a piker compared to Old Adolph. But can you imagine having the
deaths of 44 myn people on your resume?
So again I ask, is it not evil to deny something as vital as good
health…and LIFE…to others just because doing so makes YOU feel good? I
hope all of you neo-liberals that supported the DDT ban bathe in your
virtue…such as it is.
Oh, and here is a quote from one of the co-founders of the
infamous Club of Rome…a jerk named Alexander King back in 1990:
“My own doubts came when DDT was introduced for civilian use. In
Guyana, within two years it had almost eliminated malaria, but at the same time
the birth rate had doubled. So my chief quarrel with DDT in hindsight is that
it has greatly added to the population problem.” Well pal, since the avg
person generates 50,000 thoughts/day…there is no population problem!
And I suspect with all of the nonsense that Illiberals spew about
racism, that in large part, many of them are the true racists. Again,
some 44 myn black women and children perished due to the neo-liberal, American
Environmental movement. Congratulations you evil, selfish, toilet bugs!
Oh, and one last point here; to this day DDT is wrongly
thought to be a vial, deadly pesticide…and used in super-huge quantities it
is. But used correctly…. it is a wonder chemical. Yet ask yourself
what immediately comes to your mind when you hear the acronym DDT. I am
willing to bet that 99% of you have negative connotations when you hear
DDT. Now, ask yourselves what comes to mind when you hear or see the
words fossil fuels, or carbon dioxide. Get it? Get it? I hope
so!
72%:
A full 72% of my federal income tax check goes to re-distribution
of my income to people whom I will never meet. What moral justification
is there to confiscate my hard-earned money and give it to people who breed
beyond their means, or fail to save for their own retirement? I got news
for you; There is zero honest, high-minded, meritorious rationale for
robbing Russ to pay Jane and Joe 6-pack. Stealing from those of us who
produce….. to pay those who refuse to produce…..stay home from work is evil,
pure and simple.
DEFICIT SPENDING:
Is it evil to spend money that your children, their children, and
their children and their children haven’t even earned yet?
Democrats are great at manufacturing and counting votes. But beyond
counting votes. Most of them really suck at math.
I believe that spending money that isn’t yours is the height
of evil. Our current nat’l debt is almost $29 tyn, or about $87,500 per
man, woman and child living in our country. Our unfunded liabilities
combined with our nat’l debt is approx $240 tyn, or $725,000 per every man,
woman and child in the country. And of course we are witnessing the
democrats trying their darndest to run-up another $4.7 tyn to implement
evermore socialism. And of course it isn’t just democrats who have voted
80 x to increase our debt ceiling. Republicans talk a good game about
balancing the budget, but all of that talk is straight BS!
Again, those of you who advocate for deficit spending…for spending
money that future Americans haven’t yet earned are selfish, evil and vile.
THE GENERATIONAL WELFARE STATE:
The generational welfare state is one of the original sins of
neo-liberalism. And this original sin is funded with the aforementioned
deficit spending along w/ the confiscation and subsequent re-distribution of
income from those of us who work to those who don’t….or won’t.
When LBJ started your welfare state back in 1965, only 23.5% of
black children were born to a single mother. When the government promised
it could replace the father as head-of-household, for some reason, the percent
of black children born to a single mother exploded to more than 77%.
Fatherless children of all races, ALL RACES face the...
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