Don’t Bet On America

“Never, ever bet against America,” says the Oracle of Omaha, perhaps exaggerating.

Countries, like individuals, make mistakes. And they have their seasons. It was a bad idea to bet against America throughout most of the 20th century. That, of course, is when Warren Buffett got the idea.

But this is the 21st century. America’s capital industries are losing value. Its GDP growth is slowing. Its government – technically insolvent already – prints $1 million PER SECOND to cover its deficits. Its military is engaged in pointless meddles all over the world. Its menfolks’ life expectancy is falling. Its Swamp is rising.

And its people are dependent on government handouts. They seem ready to panic whenever any threat – no matter how implausible or remote – presents itself.

Yes, the Great National Hysteria continues.

Stoking Panic

We understand why we, personally, are “social distancing.” We are among the 15 million Americans who meet one or more of the risk categories that make us vulnerable to the disease: either old, fat, diabetic, hypertensive, or with heart or lung issues. But what about the rest?

Why do our children and grandchildren have to be isolated? Why can’t they go to school? Why can’t they go to work? Or to a bar… and enjoy themselves?

For them, the C-virus is less of a threat than auto accidents or suicide.

And who are these people who think they can tell the rest of us what to do? Where do they get that power? Where do they get off?

But here’s The New York Times still stoking the panic:

Rural towns that one month ago were unscathed are suddenly hot spots for the virus. It is rampaging through nursing homes, meatpacking plants and prisons, killing the medically vulnerable and the poor, and new outbreaks keep emerging in grocery stores, Walmarts or factories, an ominous harbinger of what a full reopening of the economy will bring.

Uh… all new viruses “rampage” through the population. But we doubt they check balance sheets. A young, poor person in good health is no more likely to die from the disease than a young, rich person in good health. 

No Real Danger

Nearly three million people die in the U.S. every year, at an average age of 78.6 years. This year, according to The New York Times, they’re dying at a higher rate – approximately 12,000 more per month than expected.

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