HEALTHCARE MAFIA

American consumers of healthcare think the United States probably offers decent healthcare compared to Canada and Mexico.   That is the average American.   I never tried to be average.  

Those who know how healthcare is provided in Canada and Mexico do not contend with the healthcare mafia.  You think the Somali fraud is bad?  It's a drop in the bucket compared to Medicaid fraud, insurance fraud, hospital fraud, physician group fraud, doctor fraud, home health fraud and of course, fraud in Big Pharma.   Is hundreds of billions of fraud dollars a big number?

Dean Parisian tries to stay away from healthcare.   He tries to stay away from pharmacies.  He shies away from ingesting pills. He thinks healthcare is his responsibility.   Eat right, drink sensible, exercise, what is so hard about that?

It was estimated that last year, 2025, improper Medicaid payments alone were close to $40,000,000,000.  Inflated payments, dishonesty in paperwork, kickbacks, and collusion lead the way. 

It is thought the United States healthcare system is the most corrupt on a global scale.  I don't even know where to start it's so bad.  There are just so many in on it.  From unnecessary procedures, overuse of pathology, kickbacks, upcoding, which is inflating costs of procedures performed on the average American, performing unnecessary treatments, yes, unnecessary surgeries, and the millions of fraudulent bills and theft from ACA reimbursements it is a morass of theft, and effects everyone in the form of higher taxes and premiums.   

I can't let Big Pharma off the hook, so lets take a look.  From 1991–2021, pharma manufacturers paid over $62 billion in penalties (per Public Citizen analysis), with unlawful promotion and drug pricing fraud as top categories.

Res Ipsa Loquiter.   The fines speak for themselves.  

If you have to go to a hospital or doctor in Mexico or Canada I wish you well.   You will be amazed at the care you receive, the price you pay for it, the ease in which you pay for it, the bill itself, most importantly, the quality of services rendered.  

Married Life after today

My beautiful wife:      Honey, i just saw some credit card charges on the American Express card.   What is up with the new gear and booking a trip to hunt in Alaska this fall?

Me:   The Dow is over 50,000 right now. The S&P at almost 7,000, and the Nasdaq smashing records. That's what we should be talking about.

PAM BONDI

Yes, she stooped to a new low today.

Her arrogance in front of the camera's was hard to watch. I thought the hearing was about child trafficking, not how well the markets are doing.  

For some strange reason, I didn’t realize we don’t pursue pedophiles if the stock market is doing well!  

President Trump knows she is a disgrace to the Office and the worst Attorney General in the history of America.

You simply can't make this up.

And she's only been in office for one year.  

Disaster for Trump, disaster for victims of pedophile sex traffickers.

YOU INVEST? ASK YOURSELF

I was an arbitrator for ten years for the NASD (now FINRA) and the New York Stock Exchange.

Let me be very clear.   Self-regulation on Wall Street does not work.

It's a joke.  It's insanity.

Today, you have the United States Senate and Congress, bought and paid for by Corporate America.

Where I come from they call that corruption.

In 2008, it was citizens that bailed out Wall Street.   The American taxpayer.

It was Goldman Sachs that put AIG out of business.   Stan O'Neil ran Merrill Lynch into the ground.

How can you forget $1.75 Trillion of losses?

There was a no finer criminal enterprise than the government having taxpayers bail out Wall Street.

It was an elegant form of theft.

Once the Great Financial Crisis got a head of steam it was a cascading effect across the financial scene.

Real estate brokers, lawyers, bankers, title insurance companies, mortgage brokers,  all in on it.

As the crisis worsened, investors pulled out of the stock market, and left Madoff no choice but to admit wrongdoing. 

Bernard L. Madoff ripped off investors for $65,000,000,000.    His brother, who was in on it, only  got 10 years in jail.

Madoff's PONZI was being fed new money by 339 feeder funds from 40 different countries, mostly Switzerland, France, Germany, the U.K., and South America.  Asia was his next target.  

Madoff was a crime boss.  He ripped off Russian and Columbian mobs, he ripped off all his friends.

Madoff turned himself in to his family.  The SEC didn't have a clue and did nothing when they were alerted to his malfeasance.  Zero.

Yesterday I shorted CVNA shares at $409.11.  Lucky me, the fraud is rampant.

The majority of investors aren't paying attention.

The question I ask myself daily is what is Wall Streets delusion today?

 

Winning the Day!

NCAA President Charlie Baker said in a statement that he was glad the court “upheld the rules of our members.”

“Common sense won a round today,” Baker said. “The court saw this for what it is: an attempt by professionals to pivot back to college and crowd out the next generation of students. College sports are for students, not for people who already walked away to go pro and now want to hit the ‘undo’ button at the expense of a teenager’s dream. While we’re glad the court upheld the rules our members actually want, one win doesn’t fix the national mess of state laws. It’s time for Congress to stop watching from the sidelines and help us provide some actual stability.”

Tumbler Ridge

The insanity of the medical profession to give injections of hormone changing drugs that induce the emotion of rage in transgender humans is absolutely criminal. 

The Bernard L. Madoff Ponzi

Number of clients:  3200

Unregistered status with SEC as an investment advisor.

Remained unregistered for decades.

Harry Markopolos started allegations about Madoff almost a decade before the collapse of the firm.

One statement Harry Markopolos gave to investigators sums up the SEC perfectly “they’re a bunch of lawyers who don’t know finance or what to look for”.

The SEC turned a blind eye to the largest fraud in history.

Hell, the SEC never uncovered the fraud, Madoff turned himself in to his family on 12/10/2008 and the sons, both dead now, turned him in on 12/11/2008.

I have a hunch.  

Wait until CRYPTO shenanigans begin to be uncovered.  It will make Sam Bankman Fried look like a piker.

There isn't enough popcorn for what will be discovered! 

WORK! Why I love it today..........

For over 20 years I had, by law, to obtain a price for a clients account where price was the same or better than the trade execution I got for stocks in my own account.   Didn't matter, the law was the law and I never, not once, violated that law.  Probably cost me thousands over the years.   

I retired in 2019 and today, manage my own portfolio.  I own somewhere in the vicinity of 150 different securities and love the game now more than I did then.  

This is what former President Richard Nixon said about retirement:  "What makes life mean something is purpose, a goal, the battle, the struggle—even if you don't win it." 

In an age of quiet quitting, early retirement dreams, and infinite scrolling, Nixon reminds us: The fight is what keeps the soul alive.   Endless leisure without struggle isn't paradise—it's a slow death of meaning.

So, hey, you, retiree, what keeps you in the "battle" right now—even when it's exhausting to do very little, if nothing?