MONEY: “Paper money eventually returns to its intrinsic value – zero.” -Voltaire, 1694-1778

Thursday, March 16, 2023

FROM AN EMAIL FROM BITCOIN.COM

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Unlike dollars, there will only ever be 21 million Bitcoin

“Paper money eventually returns to its intrinsic value – zero.” -Voltaire, 1694-1778

The history of fiat money (ie. money issued by government decree) shows that governments consistently increase supply far beyond demand. This invariably leads to devaluation of the currency over time, something that we experience as inflation. Looking at some examples:

    The U.S. dollar has lost 96% of its value since 1913

    The euro has lost 40% of its value since 1997

    The pound has lost 99.602% of its value since 1751

“It’s going to be very hard to unseat bitcoin as a store of value, because it’s got a 14-year brand, and there’s a finite supply.”  — Billionaire investor Stanley Druckenmiller

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I have put some spare change into ₿ and bullion on the off chance that the USA goes into a hyperinflation.  Based on the spending by Congress and the “printing” by the FED  — The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.  — I think more and more that this is a distinct probability.  Look at Turkey, Venezuela, Nigeria, and many other countries.  That’s what a runaway inflation looks like.

YMMV FWIW FAIWWYPFI 

“Bullets, beans, bandaids, bullion, booze in a safe retreat”  — Unknown

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100% Inflation in Argentina Opens the Door for a Presidential Upset

Wednesday, March 15, 2023

(Bloomberg) — An outsider candidate for Argentina’s presidency is gaining traction by tapping into voter anger at rampant inflation.

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Not sure that replacing the currency with the dollar is the correct strategy. Suggest tying theircurrenvy to gold will-solve the problem.

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RANT: If history is uncomfortable, good. Let’s learn not to repeat it!

Wednesday, March 15, 2023

https://www.dailymail.co.uk/news/article-11839119/Sir-Michael-Caine-hits-bull-t-suggestion-1964-movie-Zulu-incites-extremism.html

Sir Michael Caine hits out at ‘bull***t’ suggestion his 1964 movie Zulu incites extremism after it was included on list by government’s Prevent scheme for ‘encouraging far-right sympathies’
By Laurence Dollimore
Published: 08:03 EST, 9 March 2023 | Updated: 08:43 EST, 9 March 2023

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Sir Michael Caine has blasted the ‘bull***t’ suggestion his 1964 film Zulu incites the far-Right after it was included on a government list of works that may ‘encourage’ extremism. 

The epic war movie, which also starred cinematic greats Richard Burton and Stanley Baker, depicts the 1879 Battle of Rorke’s Drift during the Anglo-Zulu war, in which 150 British soldiers successfully held off 4,000 Zulu warriors. 

While the soldiers were awarded 11 Victoria Crosses for their efforts, the re-telling of their victory – released some 59 years ago – has previously come under fire for alleged ‘racist overtones’ and ‘factual inaccuracies’.

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But leader of the Zulu tribe Chief Mangosuthu Buthelezi, now 94, who played own his great-grandfather King Cetshwayo in the film, said it should not be viewed through a 21st century lens.

‘Even if the past is uncomfortable, and perhaps especially when the past is uncomfortable, it needs to be examined and unpacked rather than hidden away. Of course race is a central theme in the film’, he previously told The Times. 

He urged critics of the film to look beyond the view that Africans were depicted as ‘savages’ and praised the way the community recreated history.

He added: ‘When we filmed Zulu, both black and white were recreating a part of history that held tremendous meaning for all of us. Rorke’s Drift was only one battle.

‘It was preceded by Isandlwana, the greatest military victory of an African nation against the British, and it was followed by the Battle of Ulundi, where our nation was defeated and subjugated.

‘What followed was decades of hardship and sorrow. But the spirit of the Zulu nation remains unconquered, and we still thrive in 21st century South Africa.

‘There is still a king on the throne of King Cetshwayo and millions of black South Africans still honour our culture and traditions.

‘Whenever that past is remembered it should always be a celebration of our ongoing fight, and victory, against division. That is worth thinking about, as that is the present-day context of the film Zulu.’

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I’ve watch this move several times at different points in my life.  And, each time, I have taken away a different message.  Initially, it was what would make men die like that?  Im sure my high school teachers, mostly ex WWII marines, could have helped me make sense out out if.  I never was able to and hence went on my way.   Later in life, I watched it again and was shocked as “spears versus rifles” ensure a massacre.  Reminded my of the American Revolution and men would line up to be shot at.  And, it WWI where the same tactics rendered huge casualties.  Generals fighting the next war with the last war’s tactics.  Finally, just recently, I watched it again and felt the futility of just all that killing. Argh!

I was surprised in this article by: “The Zulus, known for their bravery and ferocity, were eventually forced to retreat with 350 of their number killed compared to 17 British.”  Watching the movie, you’d have thought it was much worse.  I guess that is “dramatic license”.

Argh!

“Every gun that is made, every warship launched, every rocket fired signifies in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. This is not a way of life at all in any true sense. Under the clouds of war, it is humanity hanging on a cross of iron.” ― Dwight D. Eisenhower

Maybe we will learn someday?

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DISCOURAGING: The USA is and has been in a “Fall of Rome” death spiral

Tuesday, March 14, 2023

https://www.americanthinker.com/articles/2023/03/when_strength_is_needed_america_shows_weakness.html

When Strength Is Needed, America Shows Weakness
By John Green  — March 6, 2023

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In the past, America was feared by its adversaries because of its sheer industrial might. During WWII, we built over 300,000 airplanes and 99 aircraft carriers. Now we can’t keep store shelves stocked with basics like baby formula. Unloading ships in a timely fashion seems to be a skill beyond our ability.

We’ve sacrificed the reliability of our electric grid in a quixotic attempt to control the weather. In pursuit of renewable power sources, we have allowed far more reliable sources to become vulnerable to sabotage and poorly maintained.

The Biden administration has depleted our strategic petroleum reserve in a failing attempt to control prices at the pump — something the reserve was never intended for. The reserve is now at its lowest level since 1984. At the same time, the administration has restricted domestic energy production. We are now energy dependent on some of the most unstable regions in the world.

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When we need “leadership”, we don’t get it.  Say what they want about DJT45 and RWR40, it was handy for the world to think they were strong and a little crazy.  

Argh!

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MEME: EDST or EST rather than GMT all the time

Monday, March 13, 2023

EDST

Since “Time of Day” is just a label, why isn’t everywhere on GMT (for example)? Does it really matter if a business hours are 9 to 5 or 1400 to 2200! I don’t think so. As someone who had to work with people in different time zones, (and in one job supervise people around the globe), scheduling “thru” time zones was a mess. There’s a reason the military use Zulu (aka GMT) for all orders. Sigh!

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POLITICAL: January 6th was a “tour” or entrpament; not an insurection

Monday, March 13, 2023

https://www.breitbart.com/politics/2023/03/07/january-6-video-capitol-police-were-tour-guides-for-q-shaman/

January 6 Video: Capitol Police Were ‘Tour Guides’ for ‘Q Shaman’
Joel B. Pollak  — 7 Mar 2023132

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WASHINGTON, DC – JANUARY 6: Jacob Anthony Angeli Chansley, known as the QAnon Shaman, is seen at the Capital riots. On January 9, Chansley was arrested on federal charges of “knowingly entering or remaining in any restricted building or grounds without lawful authority, and with violent entry and disorderly conduct …

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IMHO all those folks were “lured” into a Democratic trap to discredit DJT45 and misdirect “We, The Sheeple” from the election frauds.

Immediately all those convicted of these bogus charges should be immediately exonerated.  And, all those involved in the conspiracy to make this happen should be immediately arrested and tried.

Why didn’t these defendants have these videos at their trials?  Any of the prosecuting lawyers should be disbarred!

Argh!

“No justice; no peace”

Or “True peace is not merely the absence of tension; it is the presence of justice.”  — MLK

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SECURITY: PARKMOBIL has been cracked

Sunday, March 12, 2023

ATTENTION: ParkMobile

I use dedicated email addresses from my own domain. Yours is “parkmobile@reinke.cc”. I just received a spam message addressed to my unique email address for you. That means it was sent after someone got your data. Please investigate the hack.

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Anyone bet that no one responds?  And probably no one, other than me, cares.

This demonstrates the value of your own domain and using unique emails.

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VETERANS: A tremendous descritpion of what the naval veterans on both sides expereinces

Saturday, March 11, 2023

https://warfarehistorynetwork.com/article/how-battle-of-surigao-strait-brought-revenge-for-pearl-harbor/

How the Battle of Surigao Strait Brought Revenge for Pearl Harbor

  • At the Battle of Surigao Strait, a line of American battleships, raised from the mud of Pearl Harbor, decimated a Japanese task force.

This article appears in: December 2008
By David Alan Johnson

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At 2:43 pm on October 24, 1944, one day before the Battle of Surigao Strait, Rear Admiral Jesse B. Oldendorf received a dispatch from Vice Admiral Thomas C. Kinkaid, commander of the Central Philippines Attack Force. The message was straightforward and direct: “Prepare for night engagement,” and was duly logged aboard Oldendorf’s flagship, the heavy cruiser USS Louisville. Admiral Oldendorf, commander of the Leyte invasion fire support warships, was not surprised by the order. Naval intelligence had already been apprised of the fact that a Japanese force was on its way toward Leyte Gulf

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I can’t imagine the terror that these men suffered through.  A tremendous loss of life is just sad.

I assume that FDR, and all the politicians and bureaucrats of Japan and USA, bear a heavy share of the blame for these deaths and injuries. 

So sad. And, so wasteful.

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POLITICAL: Mandatory mental competency test for politicians — s great idea for ALL of them regardless of age!

Friday, March 10, 2023

https://www.dailymail.co.uk/news/article-11823243/Jill-Biden-says-ridiculous-Nikki-Haley-wants-mandatory-mental-competency-tests.html

Jill Biden calls it ‘ridiculous’ that Nikki Haley wants to impose mandatory mental competency test for politicians older than 75 as Joe, 80, weighs launching 2024 reelection bid

  •     Nikki Haley wants politicians over 75 to take mental competency evaluations 
  •     First lady Jill Biden said her husband would ‘never’ consider taking such a test
  •     Joe Biden would be 82 for inauguration if reelected and Trump would be 78

By Katelyn Caralle, U.S. Political Reporter For Dailymail.com
Published: 12:46 EST, 5 March 2023 | Updated: 13:08 EST, 5 March 2023

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Jill Biden is pushing back on GOP presidential candidate Nikki Haley, 51, for proposing that all politicians over the age of 75 be required to take a mental competency test to qualify to serve in public office.

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I don’t see what the problem is.  

If fact, I like it for ALL politicians.

Maybe John Fetterman from PA isn’t fit to serve regardless of age.

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VOCABULARY: Dunning–Kruger effect — perception versus reality

Thursday, March 9, 2023

https://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect

Dunning–Kruger effect

From Wikipedia, the free encyclopedia

Relation between average self-perceived performance and average actual performance on a college exam.[1] The red area shows the tendency of low performers to overestimate their abilities. Nevertheless, low performers’ self-assessment is lower than that of high performers.

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