http://www.moorewatch.com/…

It’s the latest socialized medicine success!

Tens of thousands of English patients could be registering with Welsh GPs and making day-trips to the country to obtain free prescriptions, it was claimed yesterday.

Statistics show that three million people are registered with Welsh GPs, about 100,000 more than the official population. Wales is the only part of Britain not to have prescription charges.

England has the highest at £7.10, followed by Northern Ireland at £6.85 and Scotland at £5.

The Conservative Party in Wales claimed that the figures pointed to patients from England travelling to Wales and called on the Welsh Assembly executive to stop “prescription tourism”.

The copay in Englad is roughly the same as the prescription copay that I have with my eeeeeevil kapitalist for-profit US health insurance.  The only difference is that I have access to a wider range of newer, higher-quality drugs than the English.  And I don’t have to travel to Wales to avoid paying for it.

Oh, lest anyone get the wrong idea, I live in Beijing.  I pay, every month, out of my own pocket, for US healthcare, so that I can get prescriptions which are not available here in China’s socialist paradise.  Funny how that works, isn’t it?  When I want something I (gasp!) pay for it.

What else should you expect? Remove prices and you remove the signals required to accurately gauge value and resource allocation. People will take advantage of it every time. Had this been a free market the prices would equalize very quickly if there had been a discrepancy at all in the first place.

http://www.telegraph.co.uk/…

The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.

Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress.

Shifts in Chinese policy are often announced through key think tanks and academies.

Described as China’s “nuclear option” in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels.

How much hard assets do you have? Looks like buying gold may be a good idea. This is possible because we have such an out of control foreign policy. Having to borrow billions to keep up our policing of the world and an unconstitutional war. I find it unlikely however that China would do this without some major event provoking. The USA is a huge consumer of their exports and to devalue the dollar would cause a decrease in those exports.