Wednesday, May 1, 2024

Icon, Chips & Odds and Ends

The calendar caught us offguard. This last monthly piece will not fully address odds and ends to the economy, politics and related matters such as the Federal Reserve announcement today. However, we read this in the news and it is a must for many reasons. 

Icon

The USS Enterprise (CVN-65) is being decommissioned. The famous, first nuclear-powered aircraft carrier will be dismantled. I have not heard from Captain Kirk. I'm sure the name will be resurrected as it was with the original, famous WWII carrier. With that said, I fear two aspects. It is why I am against nuclear power. The Enterprise had eight nuclear reactors. A specialty firm will be needed to end the activation of  power, remove and then, the government will ship the parts to be buried in a secret location. This leads to the heart of the problem. Nuclear rods need a safe, secure burial site. Dear Reader, there is no such thing. Everything decomposes. Everything will eventually leak. We are creating poison for the earth and all of us. This is why we are against nuclear power! 

The second reason is aircraft carriers. Using nuclear-power is a necessity in naval warfare. An enemy will resort to it and then, they will have an advantage. This gives us no choice until a better power source is developed. However, the use of aircraft carriers is obsolete. They will be easy targets for smart bombs, drones and long distance missiles. The sinking of one of these floating cities, never mind all of them, will be devastating. The loss of aircraft, pilots, naval technicians and the total cost of these vessels is beyond belief. The stupid navy leaders are using WWII technology in the 21st century. If you know anything about these idiots, hear this. Before WWI the concept of the carrier was presented to the navy department. They laughed. AfterWWI it was presented again. Again, they laughed. The grandsons of those idiots now run the pentagon. WWIII will need atomic subs, atomic drones, supersonic missiles and robots, but carriers are ancient weapons.

Chip Act

The one thing that we approve that Biden accomplished was the Chips Act. The greedy, stupid producers in our society offshored everything in their fight against unionization and more profits. The idiots at the pentagon used money and influence to develop technology in South Korea and Taiwan. This gave both nations a strong economic setting. Then, we hear this press announcement that new chip factories will be built in America.  We say, "Hallelujah!" 

Before the last echo, we read that Biden gave $6.4 billion to Samsung (South Korea) as a subsidy. We bribe a subsidized firm whose freedom we gave and now, we have to bribe them to build a necessity for our defense and economy. It is the same story with TSMC of Taiwan. They get $6.6 billion to do the same thing and they complain about technology being compromised. 

The government needs to fulfill its mission: to protect and promote the general welfare. Maybe they should start their own development of superchips? Then, they could license their creation to US firms that have factories in America. Use the profits to paydown the debt...Peace.

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