Mike's Daily Comment
The Federal Government implemented a pay system for $309 Million, $400 million has been spent trying to fix it, as much as another $300 million is going to be needed to repair this system responsible for overpayments of $256 million of dollars. But don’t worry, those responsible for this catastrophe got paid $4,827,913. in performance bonuses!
….also from Michael: Freedom: The Foundation of Growth
The disastrous Phoenix pay system was supposed to fix over-payment of $250 million to federal employees – it made it worse – and will now cost almost $1 billion to fix. The kicker? The bonuses paid to the managers overseeing the project.
The difference in Gross Domestic Product per person between totalitarian versus Democratic countries is dramatic. Cuba $450 vs Mexico $3610. Or how about Hungary @ $3550 vs Austria @ $23,510. The list goes on, but the really big surprise is that only 30% of Americans born after 1980 think its essential to live in a Democratic country!!!!
00:00 – 17:43 – Victor Adair interviews Michael Levy, and Ross Clark, a great technical analyst who has been a guest on Money Talks many times over the last 35 years.
00:00 – 36:21 – Victor interviews Drew Zimmerman about where to find good information on the internet. One site, theMacroTourist.com is written by a private investor who used to work for a big Canadian bank as a derivative index trader. Both Victor and Drew interview the Author of the Macro Tourist Kevin Muir.
Ozzie Jurock does an extended Hot Properties focusing on the Site C damn and the real estate opportunities in the north.
Also and extended version of Live from the trading desk with Victor Adair and Drew Zimmerman.
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Victor Adair
Government’s Conscious Effort To Avoid Accountability
Posted by Michael Campbell
on Wednesday, 15 November 2017 13:55
Maybe P.J. O’Rourke was onto something when he said “its a popular delusion that Government wastes vast amounts of money through inefficiency and sloth. No, enormous effort and elaborate planning are required to waste this much money”.
….also from Michael:
Government Pays a $4.8M Performance Bonus For a Billion $ Screw Up