| Letters
to the editor from this week's Chronicle To the Editor
We Are Very Grateful!!! The SMH Community Fund
Committee of St. Mary’s Health, need to express our deep gratitude for
the monetary and food support our local community gives to our St. Mary’s Food Bank fund the year around. People are also very generous when it comes to the Angel Tree we have during the Christmas season to assist struggling parents in making their Christmas special for their children.Our committee also appreciates assistance with our General Fund. This fund is used to assist patients with prescription costs, gas cards to help them get to one of our clinics for an appointment, and other emergent needs. When money is given to the SMH Community Fund Committee without specifications where it should go, we put it where the need is most at that particular time. It is wonderful to be able to support people in ways they need it. As social beings we help make life easier for one another. We are very fortunate and grateful to have such giving and caring people in our area who share so generously. So THANK YOU, THANK YOU, and THANK YOU. May you be blessed abundantly for your generosity. From your grateful SMH Community Fund Committee St. Mary’s Health 701 Lewiston St. Cottonwood, ID 83522 Redneck Review! No. 387 - 9/25/2022 A couple of "Odds and Ends!" though the second topic mentioned is already been on these pages too often, and I believe instantly leads to reader boredom! Oh well! #1) In the last few weeks a topic keeps surfacing which has intrigued me for many years. So today the urge to discuss it has become overpowering. The entire story can be introduced by simply mentioning ALADDIN, Larry Fink, and BLACK ROCK! ALADDIN is an acronym created by Larry Fink and his crew about the mid 1980's, and was to become a critical part of the amazing rise to fame and prosperity of BLACK ROCK. Today we see in the latest figures that the company, BLACK ROCK, is the largest asset manager in the world, worth $69 million itself, and managing some $10 trillion worth of assets. And you read that correctly, managing $10,000,000,000,000 worth of assets for about 55,000 clients! Which includes over 200 mutual funds! ALADDIN is a computer program which analyzes tons of data concerning ASSET, LIABILITY,DEBT, and DERIVATIVE INVESTMENTS. It analyzes some 2000 risk factors each day that are important to the investment community, including interest rates, currency values, and a few others in addition to the acronym areas mentioned above. The success of this system is easily testified to simply by the record which shows a fledgling young company BLACK ROCK, starting in 1988, and growing to the near unbelievable status of NUMBER ONE, mentioned above! Larry Fink's background is of interest also! Currently the CEO of BLACK ROCK, Larry's early attempts at an Aladdin type of analytical matching went down in flames because of a serious error in the programming by his computer crew. Larry at the time used the faulty system, and lost $100 million on a flawed investment, costing him his job. But like a lot of other successful people, he persisted, and the result was ALADDIN, mainly responsible for the incredible growth of the company since its beginning! Big bank J.P. Morgan, which a info search produces statements like "World's Best Private Bank" with a balance sheet total of $2.87 trillion dollars, making it the "Largest bank in the U.S. and the "World's largest bank in the world by market capitalization." This is mentioned here, because the same info source says that J.P. Morgan was one of the early users of ALADDIN, paying an initial fee of $1.5 million to use the program, which fee by the way has increased to $5..5 million a year! And do not forget that BLACK ROCK and Larry Fink have some 55,000 other clients as noted above! And very interesting as you will find below, is the source fact that the #2 bank in the U.S.is none other than Bank of America! And maybe of interest is that Citigroup and Wells Fargo are listed as #3 and #4 in size! #2) Silver again! I still stand by my claim that its price will "sky!" as claimed in an earlier RNR! Silver guru Ted Butler has claimed that first J. P. Morgan, and now BOA mentioned above, have controlled the silver market by "shorting the market" each time silver has started to make a move! This means that when a price increase happens, those banks offer(ed) paper contracts to own silver at a lower price! For investors who would rather have a paper contract , than to store it themselves, the paper contract looks good! But interesting! Both banks then go on the physical market, and buy the metal itself! Check yourself and see how many billion oz. of silver are owed by Morgan! J.P. was convicted of issuing false short sales, fined almost a $billion dollars, and forced to stop! But BOA has picked up the method in Morgan's absence! (Space limits prohibit two very important additional facts! Forced to put off until next week!) Jake Wren
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