Dear fellow turkey,

Perhaps, we need to impose on the powers that be to open up another subgroup for the discussion of the “soft” stuff — Methods, Procedures, Processes, Strategies, Tactics, Data, and Tools.

For example, I had one “deer in the headlight” fellow wander into me, who had just been “nuked”, and was totally unprepared (Is there any other kind on un-prepar-ed-ness?). So I pointed out that he didn’t have to start spending lots of money that he didn’t have. The township library had a computer and high speed internet access.

When people have their own computer, there’s a lot of Open Source (Free!) Software and “stuff” available. No need to buy Microsoft Office like your last employer did for 300$ when there is OpenOffice that is very close. Outlook versus Thunderbird.

And, all those internet services like Plaxo, Linkedin, Cardscan, and such.

Then when they need direction there are a lot of templates and advisors that can help them. I’m a fan of Lucht’s workbook.

FWIW, your mileage may vary, all free advice is just that,
yet another fellow turkey
just bigger and dumber

FUN: Teaching Math

Teaching Math

* Teaching Math in 1950: A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price. What is his profit?

* Teaching Math in 1960: A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price, or $80.What is his profit?

* Teaching Math in 1970: A logger exchanges a set “L” of lumber for a set “M” of money. The cardinality of set “M” is 100. Each element is worth one dollar. Make 100 dots representing the elements of the set “M.” The set “C”, the cost of production contains 20 fewer points than set “M.” Represent the set “C” as a subset of set “M” and answer the following question: What is the cardinality of the set “P” of profits?

* Teaching Math in 1980: A logger sells a truckload of lumber for $100. His cost of production is $80 and his profit is $20. Your assignment:Underline the number 20.

* Teaching Math in 1990: By cutting down beautiful forest trees, the logger makes $20. What do you think of this way of making a living? Topic for class participation after answering the question: How did the forest birds and squirrels feel as the logger cut down the trees? There are no wrong answers.

* Teaching Math in 2000: A logger sells a truckload of lumber for $100. His cost of production is $120. How does Arthur Andersen determine that his profit margin is $60?

* Teaching Math in 2010: El hachero vende un camion carga por $100.La cuesta de production es………….

Categories FUN

MONEY: Gold, and the Safe Store of Value

Letter Re: Greenspan, Gold, and the Safe Store of Value

***Begin Quote***

Dear Mr. Rawles,

Regarding the use of gold as a store of value, it’s important to realize that gold often functions as a fiat currency. It does have intrinsic value for jewelry, electronics, rust-proofing, and some chemistry applications but the vast majority of its value comes from the shared expectation that people will accept it as being valuable in the future. The only difference from fiat dollars is that it’s harder – but not impossible – to increase or decrease the gold monetary supply, and that supply isn’t controlled by any government.

{Extraneous Deleted}

JWR Replies: I agree that gold will have only marginal utility for barter during an economic collapse. It will only come into its own in the recovery phase. Gold can act as a “time machine”, preserving your buying power from now until the far side of a currency collapse.

{Extraneous Deleted}

***End Quote***

Interesting comment and response.

Greenspan in his younger days WAS a gold bug before he want Darth Vader on the American People. Like Freedman, the economists seem to “see the light” and turned to the dark side to earn a handsome living.

Gold has imho a function today. JWR alludes to it as a time machine. It IS the only “safe store of value”. Just as in the “non-modern times”! You can’t use, for example, grain as a store of value because it spoils or the rats get at it.

Money is a token that everyone will accept in exchange for the things they have to sell. The essential functions of money are: medium of exchange; unit of account; standard of deferred payment; and store of value. Effective money has to be: divisible; fungible; measurable; and countable.

Leaving aside the TEOTWAWKI scenario, gold is valuable today imho because:

(1) It avoids the “inflation tax”. In 1970, I had a dollar. That same dollar today can only purchase five cents what it could back then. Where did the “other” ninety five cents of purchasing power go? Yup, stolen by the Federal Reserve! When the FRB produces inflation by printing more greenbacks, it acts as a tax on savings. Anything dollar denominated is taxed. You really didn’t thing that your house was “worth” that much more. Did you? No, it’s the “dollar” is worth less.

(2) It avoids the “estate tax”. There’s a rumor that when Trump’s casinos were in trouble his dad went into one of them and bought a few million in chips. An untaxed gift? An off the books loan? Something else? Envision you have save some gold coins, you die, your executor just passes them to your heirs, like furniture, books, or your clean undies. No estate tax on those.

Bear in mind, the Smithsonian exhibit reports that a “fine men’s garment” has cost two ounces of gold in the days of the Romans, before the French Revolution, during the Victorian Era, and for most of American history. Having bought a “less than fine” American suit recently, I can assure you that standard is alive and well today!

So gold is an “interesting investment”. It doesn’t pay interest. May be lost or stolen. But, not by the gooferment. And, can’t be taxed. Interesting!?

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YAHOO ANSWER: What job should I study to do for the future?


What job should I study to do for the future?

I am in high school and need to now choose an area to study for the future.

I don’t know what I want!!

My interests:

cooking, nutrition, house decorating (interior decorating), music, sing, fashion, show biz, working with famous or being a famous person, being on the net, posting things i like on the net (like recipes and advice). etc.



Dear Ms. “Celebrity Soup”:

Ahhh to be young again and have such problems. Any way, some thoughts come leaping to mind:

(1) Doesn’t high school have guidance counselors to help?They have tests to tell you what you’re good at. I’m supposed to be a forest ranger, Texas ranger, or Ranger Rick … something like that. It’s a start. But remember it’s your life not theirs. Remember the Knight in the “Holy Grail” movie … “choose wisely”!

(2) Your local community college in the USA is always a great resource to chat with (i.e., nice people, good ideas, and not trying to sell you anything).

(3) Get a good general education. Unless you want to be a doctor, lawyer, or indian chief there’s no need to specialize too soon. Keep you options and eyes open.

(4) Avoid smoking, drinking, drugs, and debt. ALL of them are killers in one form or another. In high school and college my best friend was a promising injineer like me. He got involved in drugs and ran his motor cycle into a ditch while high. Killed himself. End of a promising injineer. Makes me sad to think of it. Don’t let it happen to you.

(5) Look about for opportunities to volunteer or intern. Remember you are not doing it for experience, fun, money, or kudos. You’re doing it to learn what you want to be when you grow up.

(6) Make decision based on “your boat’s waterline”. If a decision is “above the waterline”, make it quick. “Below” make it right!

(7) Don’t talk to strangers on the internet. And be careful who you take advice from. Free Advice Is Worth What You Pay For it. Remember the Storm Phillips TV shows? Even a knowledgeable internet citizen like myself is finding denizens on the net.

Let me know how you make out.

(if you ignore #7, then converse with some one who’s safe. Honest. I am. Trust me.) <<at this point, put both hands on your wallet, or purse, and run the other way>>

Good luck,
Ferdinand J. Reinke



Just received word that this was selected “best by  voters. One vote among three answers.

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ALUMNI: JasperJottings-Sports now has it’s own domain.

JasperJottings-Sports now has it’s own domain.

JasperJottings Dash Sports Dot Com

It’s easier to remember and hard to confuse with the news site

Your source for Jasper Sports stories that don’t come from the College.

Jasper Jottings Dot Com

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