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How Healthcare Is Dooming the U.S. Economy

Three charts crystallize the healthcare dynamics that are dooming the U.S. economy. The first depicts the runaway growth of healthcare costs–a rapid expansion that is a permanent feature of U.S. healthcare, regardless of which party is in office or what reforms are instituted.

This expansion of costs has many drivers, most of which result from the system’s perverse incentives for fraud, overbilling, marginal treatments and defensive medicine.Technological and medical advances offer more options for treatment, and can push costs up–but advances can just as readily push costs down, too.

The primary drivers of rapidly increasing costs are:

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Central Bank Gold Purchases Increased In 2014 Says WGC As Sweden Enters Currency Wars

Central Bank Gold Purchases Increased In 2014 Says WGC As Sweden Enters Currency Wars

- Official central bank purchases rose 17% in 2014

- Russia and Kazakhstan dominate purchases

- No official figures for China since 2009 – massive volumes pass through Shanghai

- Sweden’s Riksbank announces negative rates and QE

The Riksbank

The Riksbank

 

 

 

 

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