GOVERNACIDE: Politicians ribbon-cutting opportunities cost people’s lives and Taxpayers’ wealth

Tuesday, January 2, 2018

DECEMBER 20, 2017 9:21AM
Questions to Ask About Amtrak 501

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The wreck of the 501–the Amtrak train that crashed near Seattle on Monday–is raising lots of questions about Amtrak operations, but they aren’t always the right ones. Here are some questions that should be asked and some of my preliminary answers. Answers from Amtrak (the operator), FRA (the funder), Sound Transit (the track owner), or WSDOT (the train owner) may differ.

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2. Around 800 people die in railroad accidents a year. PTC would prevent only about 1 percent of these fatalities; far more would be saved by spending the same amount of money on better grade crossings and fencing of rail rights of way. Why do we put so much emphasis on an expensive technology that will do so little?

Answer: Accidents that PTC could have prevented tend to be more spectacular than people getting killed when a train hits their car at a grade crossing. This suggests that, when politicians decide where private businesses spend their money, it’ll get spent on grandiose programs rather than things that could really make a difference.

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5. Why do so many reporters call this a high-speed train? The top speed between Portland and Seattle is 79 mph, the same as it has always been and the same as most other Amtrak routes. In technical terms, this was a conventional, low-speed train.

Answer: Though this was a low-speed train, it was funded by Obama’s high-speed rail fund. By repeatedly using the term “high-speed trains,” reporters are keeping that idea in the public consciousness, perhaps in the hopes that Trump’s infrastructure plan will include money for more such trains. (This could backfire, however, by making people think that high-speed trains are more dangerous. They aren’t–but they are a lot more expensive.)

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Question: So are all trains obsolete?

Answer: No, only passenger trains are obsolete. Freight trains are extremely productive, and America has the finest, most advanced rail system in the world. That’s because it is mostly private and operates to produce profits, not to give politicians ribbon-cutting opportunities.

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So the answer is that politicians and bureaucrats, their egos, cause the waste of Taxpayers’ wealth on their egos.


Happy New Year; new year same as the old year.

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POLITICAL: “… steal the passenger lifeboats …”

Sunday, November 4, 2012

Gold, Switzerland and the European Secessionist Movement
Anthony Wile interviews Ron Holland
The Daily Bell

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Ron Holland: Cutting rates, monetary stimulation and creating more fiat money seems to be the only option left to the central banking cartel in Europe and America. For the US, this creates a higher stock market thus making citizens feel more prosperous and less destitute than they really are. This always occurs during a presidential election campaign as the party in power and the president up for re-election need a positive – or in this case an improving – economy to increase their chances of winning the election. Both parties have done this for the last 40 years or so; nothing unusual here.

I really don’t view monetary easing as particularly harmful as it only postpones the inevitable for a little while longer, like moving up the angle of the Titanic as it was sinking from the bow with the stern higher up in the air. You stay dry for a few minutes longer but in the end, you still drown. Today politicians and central bankers are sort of like some crews on recent sinking cruise ships. They are using their time to steal the passenger lifeboats and safely get away while leaving the passengers to swim to shore or drown.

Also, the European Central Bank (ECB) and banking elite efforts to postpone their day of reckoning in Europe and New York is actually somewhat helpful to American citizens and investors. The investor risk in Europe is actually propelling funds into the American stock and bond markets as well as the dollar buying us a little extra time before the crisis crosses the Atlantic. In addition, the EU problems are helping the dollar in the near term on a relative basis to be stronger than it would be otherwise.

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This is an insightful metaphor (i.e., the Titanic’s lifeboats).

It’s interesting and dangerous times.

How does the individual protect themselves and their families?

Clearly, one has to diversify one’s risks.

Make “insurance bets”.

If inflation picks up (more than it is now; if you believe the Gooferment’s numbers), then you have to take precautions.

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INTERESTING: India’s blackout is in the USA’s future

Thursday, August 23, 2012

U.S. Woefully Unprepared for a Blackout Like India’s: Analysis
Two major blackouts last week left hundreds of millions of Indians in the dark. PM contributor Glenn Harlan Reynolds says despite its advanced grid, the U.S. needs major improvements in infrastructure and preparedness to be ready for a major power loss.
By Glenn Harlan Reynolds

August 6, 2012 2:16 PM 

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Last week, India suffered two huge blackouts. Tuesday’s cut power to 370 million people; another one on Wednesday blacked out 670 million people, making it the worst blackout in the history of humanity.

Talking about this with a colleague, I said, “Don’t worry. That can’t happen here.” “Why not?” she asked. “Because we don’t have 670 million people,” I replied.

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As a fat old white guy injineer, E-lect-trick-al for that matter, I know how fragile our infrastructure is.

A power outage for a week and we are in TEOTWAWKI (The End Of The World As We Know It).

Civilization will break down in a month.

Personally, I’m suggesting that only the Amish, the Mormons, and a few preppers will survive.

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