http://www.telegraph.co.uk/…

The US Federal Reserve is examining the Nordic bank nationalisations of the 1990s as a possible interim solution to the US financial crisis.

The Fed has been criticised for its rescue of Bear Stearns, which critics say has degenerated into a taxpayer gift to rich bankers.

A senior official at one of the Scandinavian central banks told The Daily Telegraph that Fed strategists had stepped up contacts to learn how Norway, Sweden and Finland managed their traumatic crisis from 1991 to 1993, which brought the region’s economy to its knees.

It is understood that Fed vice-chairman Don Kohn remains very concerned by the depth of the US crisis and is eyeing the Nordic approach for contingency options.

Scandinavia’s bank rescue proved successful and is now a model for central bankers, unlike Japan’s drawn-out response, where ailing banks were propped up in a half-public limbo for years.

I’m not able to find the clip he used but Gardner Goldsmith on his radio show yesterday but not only did the administration admit it and the Fed is looking into how the Nordic banking nationalization went it admitted to planning to open the floodgates on the money supply as long ago as last spring.

Ron Paul was on the Glenn Beck show tonight (see below) and Beck was in a daze of sorts. If you noticed, this morning some fairly bad news came out about UBS and some other banks. An additional $19b writedown for UBS and their director stepped down. Auto sales dropped. Oil was at new highs. Metals are all down. Etc. And yet the Dow was up almost 400 points. 3.19%. Nasdaq and the S&P 500 even more. And that’s after this news about the Nordic nationalization. Beck says he was never a conspiracy theorist, thought the John Birch Society people were crazy, but as he reads about the Fed, about the 1907 crash, he’s getting very uncomfortable with what finds in the past and the continuation of it in the present. Beck is hardly a real libertarian or gold bug but it’s really great to see someone on in the MSM helping get this info out there.

http://www.telegraph.co.uk/…

Millions of people with arthritis, asthma and even heart failure will be urged to treat themselves as part of a Government plan to save billions of pounds from the NHS budget.

Instead of going to hospital or consulting a doctor, patients will be encouraged to carry out “self care” as the Department of Health (DoH) tries to meet Treasury targets to curb spending.

The guidelines could mean people with chronic conditions:

• Monitoring their own heart activity, blood pressure and lung capacity using equipment installed in the home
• Reporting medical information to doctors remotely by telephone or computer
• Administering their own drugs and other treatment to “manage pain” and assessing the significance of changes in their condition
• Using relaxation techniques to relieve stress and avoid “panic” visits to emergency wards.

The Prime Minister claimed the self-care agenda was about increasing patient choice and “personalised” services.

But an internal Government document seen by The Daily Telegraph makes clear that the policy is a money-saving measure, a key plank of DoH plans to cut costs.

So taking away personal responsibility, ignoring scarcity and giving out something for “free” leads to abuse? Who would have thought? At first I had thought this would be simply a story about the later two but I forgot just how inefficient government can be. They were requiring people to come into the office just to report particular information or check blood pressure? These things are easy to do why would you have mandated that in the first place? From what I’ve read places like the UK with its NHS usually have emergency rooms filled with random people with no serious conditions. Panic attacks are not generally serious nor should the behavior be encouraged by allowing any person the ability to walk into the ER and be treated for the smallest thing. These cost savings messures seem pretty obvious to me… it’d just be nice if the British government didn’t try to spin the issue.