Saturday, December 8, 2012

Plan for a Pro-Freedom Retirement Community in Latin America

I recently mailed this idea to the president of a leading retirement and healthcare real estate investment trust here in the U.S.  The idea is to develop planned communities for Americans in lower cost countries that have more freedom than the United States.  Chile and Uruguay are prime candidates, but as America becomes increasingly unstable and socialistic, places like Nicaragua, Panama,  and Nevis are also candidates. The proposal is as follows:


 I'm a college professor in New York who is a former Sunrise shareholder and has recently bought 100 shares of HCN.  I'm also a former employee-benefit-plan administrator in industry and have published on pension-and-ERISA issues and healthcare reform.  I have an idea for you, and I am happy to discuss it further.  The idea is to transfer what you're doing here to Latin America and the Caribbean (e.g., Uruguay, Chile, Costa Rica, Panama, and Nevis).

The model I'm suggesting is this:  A host country-based healthcare facility surrounded by a high-end retirement community.  The idea includes three or four elements:

1. There will be increasing instability in the United States due to monetary-and-fiscal policy. This will make a second, foreign residence attractive to affluent retirees who may be interested in basing part or all of their retirement portfolios in another market-based economy as well as in alternative citizenship and residence that will diversify citizenship risk.

2. Healthcare costs are on the rise.  Healthcare tourism is a way to sidestep the American system's costs.  An American-managed, community-based healthcare system will take the perceived risk out of healthcare tourism.  As well as providing a foundation for a large-scale community, the community's hospital could provide healthcare tourism services to Americans who want an American-managed healthcare facility. 

3. The cost of living in Latin American countries like Costa Rica is advantageous and can draw Americans threatened by inflationary monetary policies and a declining social security system. This may open large new markets for your organization.

4. Many Americans might be interested in relocation as a way to economize and enjoy life in a new environment, but they are deterred by the uncertainty, bureaucracy, and language barriers of relocation.  A systematic approach that would provide turnkey relocation support and services to Americans who wish to relocate but lack the initiative could open new markets.  In effect, an organized approach can replace the transactions costs of individuals' dealing with visas and the like with an organized approach.  These services could extend to citizenship applications, opening bank accounts, assisting with relocation, and language instruction. 

Friday, December 7, 2012

Why I Do Not Support National Review Conservatism



PO Box 130
West Shokan, New York 12494
December 7, 2012

Mr. J.P. Fowler
National Review
215 Lexington Avenue
New York, NY 10016

Dear Mr. Fowler:

I am in receipt of your fundraising letter of November 30.  I did contribute to National Review once or twice, but I have since concluded that the Buckley brand of conservatism has contributed to the nation's ongoing decline.  I have two chief reasons for reaching this conclusion. 

First, the lesser-of-two-evils voting strategy creates a Hegelian dynamic whereby a left-wing thesis confronts a conservative antithesis.  The conservative antithesis is an argument for no change, while the left-wing thesis is an argument for socialist change. The outcome is an incremental socialist (Democratic Party) or fascist (Republican Party) trend, and your lesser-of-two-evils voting philosophy has contributed to it.  American conservatism is unique because of William Howard Taft Progressivism, but it still leads to fascism.  Instead, there needs to be a pro-freedom thesis, or better yet, an elimination of the Hegelian model altogether because it is superstitious. At this point in history, only a radicalism alien to your Taft conservatism will be successful in reversing the totalitarian trend.

Second, your brand of conservatism does not aim to reduce or even to limit government, despite your and the GOP's protestations.  The expansion of government is an outcome of two interactive factors: the brokerage of coalitions of special interests and the unending availability of Federal Reserve Bank counterfeit.  The brokerage of coalitions inexorably pushes elected officials to expand government, and the Fed's unlimited monetary expansion power makes expansion possible.  You favor the Fed's unfettered monetary creation power, and you do not offer an alternative to democracy's brokerage of special interests, a brokerage recognized and heralded by Herbert Hoover, as William Appleman Williams describes in his Contours of American History.

I have concluded that I have as little common ground with your publication, William Howard Taft Progressivism , the GOP, and neoconservative fascism as I do with the Democratic Party and their more thuggish version of socialism. 
 
Please remove me from your mailing list.

Sincerely,

Mitchell Langbert, Ph.D.

Tuesday, November 27, 2012

Professor Robert Paquette Takes On PC U

Professor Robert Paquette, an esteemed historian who courageously suffers Hamilton College's political correctness, has posted on the unsustainability of the United States  as evidenced at Hamilton.  Like most American colleges and universities, Hamilton advocates environmentalist ideologies that benefit American investment-and-commercial banks; it happens that senior officials of Goldman Sachs are on Hamilton's Board of Trustees, and it was the Goldman Sachs trustees who pushed Hamilton toward sustainabilty indoctrination. 

Paquette points out that universities seek grant money from the same investment banks that have benefited from Bush-and-Obama socialism.  Politically correct, green university students are eager to work on Wall Street, while most are eager to condemn Charles Koch.

Paquette and I were lucky enough to hear Charles Koch speak, and I was impressed.  At a time when academics were extolling Enron, Paul Krugman was collecting honoraria from Enron, Harvard Business School was selling case studies advancing Enron's philosophy, and Fortune was naming Enron the most creative firm, Koch rejected the advice of executives he had hired from Enron.  He suggested that he had found their ideas to have been absurd, yet these were the ideas the American business academy had considered the nation's most creative.  Koch is now the fourth-richest American, and Enron's former supporters now attack Koch because he does not adhere to their ideology, an ideology that was entirely consistent with the views of Jeffrey Skilling and Andrew Fastow.

Paquette makes the following point:


(T)hose who graduate (from Hamilton), precisely because of the deficiencies and one-sidedness of their education, will prove defenseless in articulating a thoughtful response to the caricatures of American and Western history that now pass as gospel as precincts of the cultural left capture ever more ground inside and outside the academy. 

Paquette emphasizes that American history is neglected--even among history majors. This is an understatement, for even if American history were required, it would be taught in an ideologically slanted, uninformed way.  Frederick Jackson Turner's nonsensical frontier thesis is presented as fact in Mickey Mouse history classes while ideologues in academic garb ignore T.S. Ashton's reasoned assessments of the industrial revolution.

Worse, American universities are purveyors of illiteracy.  At Hamilton, which is an elite college, the students have been adequately prepared at the primary and secondary levels.  In contrast, at public universities the students have been indoctrinated in public schools from their early years, but they have not been taught to read, write, or do basic mathematics.  Academics are uninterested in teaching their half-literate students how to read, write, or do basic math because it is much more fun to indoctrinate them than to educate them.  

Still worse, New York's public education system, and the American university system, are not just purveyors of ignorance, illiteracy and lack of historical knowledge.  They are purveyors, along with its inventor--The New York Times--of holocaust denial.My students have never heard of the differences between Hamilton and Jefferson, but they also have never heard of the Gulag Archipelago, and they have never heard of the twentieth century's socialist mass murders.   Their education has been silent with respect to the vicious bloodshed that the ideas of the academic left have caused, for they are taught that workers who voluntarily immigrated here are victims of the worst harm and discrimination in history.

Let us conclude with some certainty:  American universities are a load of crap. They are purveyors of illiteracy, ignorance, and holcaust denial.

 To see the history and origins of political correctness and its link to Wall Street, turn to the history of investment banking and George Peabody.  Peabody was one of the earliest American international investment bankers, but his success at first was as a Baltimore merchant. After some success selling State of Maryland bonds, Peabody sold railroad bonds. Since the best market was in London, he moved and spent his mature years there. 

On one of a handful of return trips to the United States from his home in London, when Peabody was already a famous philanthropist, he counseled another Baltimore merchant, Johns Hopkins, on how to establish a university.   Johns Hopkins University relied on the Peabody Library for decades.  Prior to his death, Peabody invited a partner, J.S. Morgan, to join his firm.  J.P. Morgan, J.S.'s son, was a student at a German university and, in effect, worked as an intern at Peabody's firm. Peabody supported J.P. Morgan during his early business career.  

After his death, at Peabody's request, the Peabody firm's name was changed to Morgan Grenfell.  J.P. Morgan did not graduate college, but his son, J.P. Morgan Jr., graduated from Harvard in 1886.   Morgan Sr. donated generously to the Harvard Medical School, whose transformation can be viewed as the most important historical step toward the modern university.  Abraham Flexner's 1912 report on medical schools, which extolled the Johns Hopkins Medical School, established the Johns Hopkins model (which Harvard followed) as the basis not only of medical education, but of modern American education and the modern American research university.  In effect, two Peabody pupils provided financing for the transformation of the religious American colleges of the nineteenth century into the modern university.  The money trail extends further, for the Carnegie fortune, which was the source of the Carnegie Foundation's funding for Flexner's report, was crystallized through J.P. Morgan's acquisition of Carnegie Steel, and his creation of the steel trust--U.S. Steel.  The university was linked to Progressivism and Wall Street from its beginning.   Today, buildings at Harvard include the Peabody Museum (there is also one at Yale), Morgan Hall (Harvard Business School), Mellon Hall (Harvard Business School), Rockefeller Hall, and Lehman Hall.  
  


Thursday, November 22, 2012

Trading Skyrockets My Retirement Account to New High

I had gotten out of the market in the weeks before election day.  During the week following the election, the market plummeted by six or seven percent.  There was one day of a huge drop and a few days of big but smaller drops.  I got back in the day before the final drop.  Since then the market has come back.  My retirement account is at an all-time high, while my two stock accounts are near their highs.  My high-dividend stocks, which have low beta or risk, were badly socked in my bokerage account, but they have come back dramatically in the past few days.  I'm hoping for a 20 percent increase in the stock market in the coming year.  If it reaches something in that area I will pull out again.  As I blogged earlier this evening, the mining stocks will probably be sluggish for a while longer, but they are good buys now.