ECONOMICS: Bitcoin is the perfect vehicle for retirement?

Monday, August 7, 2023

https://bitcoinmagazine.com/business/bitcoin-is-the-new-retirement-strategy?utm_source=Bitcoin%20Magazine

Bitcoin Is The New Retirement Strategy

  • Secure in custody and monetary policy, Bitcoin is the retirement asset capable of withstanding the challenges of the future.

Robert Hall  —   Aug 17, 2022

*** begin quote ***

Bitcoin is the perfect vehicle for retirement for a variety of reasons. The first is that it is designed to appreciate into perpetuity. There are only 21 million coins that will ever be produced. This is called an inelastic supply. This means that as demand for bitcoin goes up, the price of bitcoin will also go up due to the scarcity of the supply. Did you know that there have been an estimated three million coins lost, so the total supply will be closer to 18 million by the time the last coin is produced in the year 2140?

The inelastic supply of Bitcoin is exactly what you want to see in a retirement fund asset. Investing your retirement savings in Bitcoin will secure your future retirement needs to the point where you can live comfortably.

Bitcoin is the perfect retirement vehicle because you are in control of your assets and not the bank or some assets manager. Believe it or not, neither of these actors have your financial interests at heart. Banks and asset managers are in the business of making money for their business and themselves. This means there are a bunch of hidden fees that you have to pay them to manage your money. This hides the actual cost of saving your money with a bank, and they will go to great lengths to ensure you don’t fully understand all the fees. These entities want to take your money and for you to shut up.

*** end quote ***

At risk of being annoying, I’d suggest you take the time to read this short article.

Now with the Gooferment inflating the currency by more than 2% per year, the purchasing power of your savings diminishes proportionally. 

I can remember penny candy, nickel cigars, and 30¢ a gallon gass. What has changed since the 1960’s? It is the value of a dollar. AKA the purchasing power of a dollar.

In the days before FDR took the USA off the gold standard, prices always declined. After that, because the Gooferment printed more money, prices always went up.

Before FDR, folks could save cash money (i.e., gold and silver coins) for their old age. After FDR, hold “cash” was a losing proposition.

This article recommends that you youngsters save some of your wealth in bitcoins. He even goes so far as to fore go putting that wealth into an IRA to keep it away from Gooferment rules — now and in the future.

I’ve always been a fan of “averaging into any investment” unless there was a strong reason not to. For my generation, IRAs and 401ks made perfect sense. But then, there were a lot of strategies that were good for “us” that I wouldn’t recommend (i.e., go to work for the Gooferment or a big company and stay there for 50 years to draw a pension). 

No one can tell you what is right for you. Even me. Our advice is based on our experience. Like a buggy whip maker telling his children that the family buggy whip business has a great future.

All I am suggesting is to read this article and lots of other ones. Then place your bets on what’s best for you. 

If you want to chat, fine. If you want to just ignore this, that’s fine too.

As always YMMV,
Crazy Old Ferd

# – # – # – # – # 

When I wrote this in August of 2022, I was convinced that the economy was going down due to the “value of the dollar”.  Nothing has changed my mind about the trajectory.  When the world “de-dollarizes”, then inflation will rocket up on steroids.

“For those looking for security, be forewarned that there’s nothing more insecure than a political promise.” – Harry Browne

Remember when Social Security was to be tax-free?  The Heritage Foundation found that many workers paying into the program end up with a negative annual rate of return, somewhere between minus –0.04 and –14.53 percent depending on one’s age. Younger workers with the most years to pay into the system and groups with below-average lifespans are the ones who have the poorest returns, a Heritage Foundation official says.

Your “investment” in Social Security may well return ZERO!

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GOVERNACIDE: Remembering Hiroshima?

Sunday, August 6, 2023

https://www.antiwar.com/blog/2023/07/29/inside-a-mound-in-hiroshima/

Inside a Mound in Hiroshima
What happened at the other end of The Gadget on August 6, 1945.
by Greg Mitchell Posted on July 29, 2023 

*** begin quote ***

Reprinted with permission from Greg Mitchell’s blog Oppenheimer: From Hiroshima to Hollywood.

  • A reminder (inadequately supplied by Oppenheimer) of what happened at the other end of the bomb in Hiroshima. Based on my visit. Excerpted from my book Atomic Cover-up.

In the northwestern corner of the Peace Park, amid a quiet grove of trees, the earth suddenly swells. It is not much of a mound – only about ten feet high and sixty feet across. Unlike most mounds, however, this one is hollow, and within it rests the greatest concentration of human residue in the world.

*** end quote ***

So sad.

Lest we forget!

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POLITICAL: RFK Jr. is a liberal democrat; hence his remedies

Saturday, August 5, 2023

https://robertfkennedyjr.substack.com/p/rfk-jr-restore-america-middle-class

How to Restore America’s Middle Class

Robert F. Kennedy Jr.

Aug 1, 2023

*** begin quote ***

I grew up during the heyday of American economic prosperity. It was in the 1950s and 1960s that the archetype of the American Dream was born. It was not something available only to a lucky few; it was within the reach of most Americans. Yes, some were left out, notably African-Americans and Native Americans, but for a golden moment we all believed that we would someday soon eradicate poverty in those communities too, and usher in an age of universal prosperity.

The middle class won’t recover overnight, but here are some of the things I’ll do as President to improve the lives of the middle segment of society. 

*** end quote ***

I’d like to refute his specific prescriptions from little L libertarian pov.

“Renegotiate free trade agreements and impose compensatory tariffs on imports from low-wage countries.”

Tarriffs are a tax on “We, The Sheeple”.  A better suggestion would be to End The Fed from whence all bad things economically come.

“Rein in military spending.”

Again End The Fed which allows the Congress to borrow and spend. End the Warfare State and we don’t “need” a huge “military budget” which is a payoff to the Military Industrial Complex who in turn pay off the politicians and bureaucrats.

“Cut healthcare costs with Medicare-for-all, restrict pharmaceutical companies’ profiteering, and redirect a portion of medical research toward inexpensive natural, holistic, and alternative therapies.”

We don’t need more welfare.  Put the patients aback in charge by implementing a copay.  That how insurance companies moderate demand.  Eventually push the true cost completely to the consumer.  Break up the large corporations into smaller competitive units. 

“Implement some form of student debt relief. Allow student debt to be dischargeable in bankruptcy. Cut interest rates on student loans to zero.”

Kill Sallie Mae and all the GSEs that encourage irational debt.  Make the schools liable for their “product” and their sales techniques. It was used on the for profit “education” mills.

“Raise the minimum wage to $15 an hour – about the level it was in 1968 – which will raise the floor on all wages and return a share of productivity growth back to workers.”

Zero is the correct minimum wage.  It would allow the poor minorities who are screwed by a bad “education lobby” to begin to climb the ladder to success. Never saw a “poor plumber”.  

“Close loopholes and tighten enforcement against illegal corporate union-busting activity. The NLRB and Department of Justice must take vigorous action to enforce the letter and the spirit of the law.”

Close the loopholes where large corporations prevent competition by “lawfare”, “intellectual property”, and media manipulation.  Use the tax code to: (1) limit the size of corporation buy limiting their top line size; and (2) change the CEO and all corporate types comp :(1) from cash  — no one’s salary should be larger than the Presidents  — to their corporate bonds laddered over some number of decades (like Wall Street does vesting bonus over years to keep employees in “golden handcuffs”).  This would change the focus on “quarterly earnings” to long term fiscal stability (i.e., why should past managements get take the loot and walks away from the disaster they leave behind).

Sorry but RFK Jr. is a liberal democrat who sees Gooferment as the answer.  Us little L libertarians see the Gooferment as the problem.

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TECHNOLOGY: What does the “public” get for its copyright?

Saturday, August 5, 2023

https://bleedingfool.com/news/disney-is-no-longer-releasing-physical-media-in-certain-countries/

Disney to Cease Releasing Physical Media in Certain Countries
Chris Braly  — July 28, 2023

*** begin quote ***

The problem with this shift, is that it allows media companies offering digital versions the ability to make edits and changes to the original material, sometimes subtly, sometimes, clumsily, and sometimes stealthily. Disney also happens to be one of the most egregious offenders of this, editing everything from Daryll Hannah’s bum in Splash, to removing dialogue from Academy Award winner The French Connection.

*** end quote ***

It seems that once again “We, The Sheeple” are getting the shaft.

“We” extend copyrights to content creators to encourage making content available.

BUT, (and there is always a BIG butt), “We, The Sheeple” don’t get access to the content we are protecting.

Reasonable people may disagree but taking “copyrighted content” back in a vault is not in the spirit of copyright law.

As with most little L libertarians, copyrights and intellectual property is on shaky ground to start with and now should definitely be revisited.

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ENCOURAGING: Polish marching band resupplied in TWO hours by a local community

Friday, August 4, 2023

https://www.wboy.com/news/upshur/west-virginians-rush-to-aid-polish-marching-band-that-lost-instruments-uniforms-while-traveling/?utm_source=join1440&utm_medium=email&utm_placement=newsletter

West Virginians rush to aid Polish marching band that lost instruments, uniforms while traveling
by: Joey Rather, Jalyn Lamp 
Posted: Jul 20, 2023 / 08:02 PM EDT 
Updated: Jul 20, 2023 / 08:02 PM EDT 

*** begin quote ***

BUCKHANNON, W.Va. (WBOY) — Travelling across the world can be stressful, but arriving in a foreign country with most of your belongings missing can seem like a nightmare. Thankfully, when this situation happened to a Polish marching band visiting Buckhannon, West Virginians were quick to help.

*** end quote ***

All needs were met in 2 hours.  That’s impressive. 

Would be nice to know who screwed up?  So they could make amends.

Perhaps, a GOFUNDME for the community of BUCKHANNON might be a nice idea.

We shouldn’t rely on Karma to reward them.

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EVLYNN: Good thing she had unexplainable “disappering” platelets

Thursday, August 3, 2023
https://www.thedriftmag.com/the-bad-patient/?utm_source=join1440
 
​I read this and I understand the frustration of a “patient” and their caregivers when there are no answers.  Evy and I never met a hematologist that didn’t have a theory about what was her problem.  I used to joke that “we’ve seen  EIGHT hematologists and got NINE opinions, but ZERO solutions.”  Wasn’t trying to be funny!  I tried to keep the records but unfortunately I focused on “the numbers”.  I should have been capturing her journey with all the hurt and frustrations.  Sigh!  I guess there would have been no purpose since as reported in this article; it doesn’t do any good.  Or help anyone struggling with the same issues. Sigh!  Wonder if anyone ever published her journey as a case report.
 
Crazy Old Ferd
 
# – # – # – # – #
 
*** begin quote ***
 
Another way of putting it is that functional disorders tend to be popularly regarded as — well — fake. Chronic fatigue has been nicknamed “yuppie flu” for a reason. If doctors can’t find a problem, the reasoning goes, then there probably isn’t one. And the line between a “functional disorder” and the simply psychosomatic is thin. In her book on treating people with such disorders, It’s All In Your Head, neurologist Suzanne O’Sullivan notes that IBS is considered by some “a disorder of perception.” Sufferers might be “overly observant of every internal sensation and change in their bowel motions.” By perceiving their symptoms, they conjure them into being. “They are reacting to symptoms that others might dismiss, and those reactions serve to heighten the symptoms and awareness of them,” she writes.
 
*** and ***
 
To other people, this line of argument might sound very familiar, something almost worse than simply not being believed. It’s the tone of a doctor who starts to ask you questions you already recognize as the diagnostic criteria for depression or anxiety. The doctor isn’t dismissive. He (or she) believes you feel all the things you feel. You just don’t understand those feelings. And as you insist on your version of events, you feel increasingly conscious of how much more convincing the doctor’s story is. The weird truth is that I still find the psychosomatic explanation of my own troubles vastly more satisfying than what my illness turned out to be. It provides a bad guy: me.
 
*** end quote ***
 
# – # – # – # – #
 
Now in Evy’s case, we KNOW something real was going on and it eventually killed her.  If she didn’t have unexplainable “disappering” platelets, then maybe she too would have been written off as “psychosomatic”.
 
I have tremendous sympathy for these so called “psychosomatics”, because there is a HUGE gap in humanity’s knowledge and compassion.
 
Sigh!
 
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HEALTH: Recommend care in getting “vacccinated”!

Wednesday, August 2, 2023

Remember the sources of my education: I’m just a fat old white retired guy low index Jasper injineer with “degrees” in: Law from watching Judge Judy, Medicine from watching Doctor Phil, Building from watching “Holmes on Homes”, Investing from watching Bernie Made-off, and Sensitively Managing Human Resources from watching Chef Ramsey. 

That being said; there seems to be ton of case reports and evidence that “the Jab” is a big problem.  I don’t know why some people seem to dies from it (i.e., young athletes; people whose cancer was in remission; as well as people who seem to just “die suddenly”).  And, there was some reports out of Europe that saline was substituted in for “vaccine” so as to lower the adverse impact numbers.

I took it because of the recommendation of my cardiologist.  I’m not so sure I’d repeat that based on all the stuff that has been reported.  I’m sending you this so you can make your risk / reward calculation.  

It would sure be nice if there was a reliable source, not in the pocket of Big Pharma, that could give us an honest assessment.

YMMV
Crazy Old Ferd 

 

———- Forwarded message ————

From: Dr. Paul Alexander from Alexander COVID News <palexander@substack.com>

Date: Thu, Jul 27, 2023 at 12:14 PM

Subject: Remember this powerful Thai study (Mansanguan et al.) in adolescents as to the devastation of the COVID mRNA techn…

 mRNA COVID-19 Vaccine in Adolescents’; n=301, most common cardiovascular signs, symptoms: tachycardia (7.6%) shortness of breath (6.6%), palpitation (4.3%), chest pain (4.3%) hypertension (3.9%)  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌Open in app or onlineRemember this powerful Thai study (Mansanguan et al.) in adolescents as to the devastation of the COVID mRNA technology injections in Thai teens: ‘Cardiovascular Manifestation of the Pfizer BNT162b2 mRNA COVID-19 Vaccine in Adolescents’; n=301, most common cardiovascular signs, symptoms: tachycardia (7.6%) shortness of breath (6.6%), palpitation (4.3%), chest pain (4.3%) hypertension (3.9%)Dr. Paul AlexanderJul 27

 

https://palexander.substack.com/p/remember-this-powerful-thai-study?utm_source=post-email-title&publication_id=579356&post_id=135492382&isFreemail=true&utm_medium=email

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RANT: Who put Maya on the quarter?

Tuesday, August 1, 2023

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RANT: … … nothing says “we care about you” like … …

Tuesday, August 1, 2023

<<An email from a large health insurance provider>>

*** begin quote ***

You have disabled multi-factor authentication.

To help prevent unauthorized access to your account, we use multi-factor authentication, a password and a one-time use verification code, to check that it’s really you. Please consider enabling this security feature in the future for your protection.

Please do not reply to this email. It was automatically generated. 

*** end quote ***

Your idea of “multi factor” is to text me a magic number.  Given that the phone can be easily stolen or the sim cloned, that’s not very secure.  I personally prefer AUTHY as my two factor authentication method of choice.

Let me know when you learn about FIDO and security in general.

Oh yeah and nothing says “we care about you” like “don’t email us cause we won’t read it”!

Argh!

—30—

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VOCABULARY: A sudden unexplainable death — “vaxxident.”

Monday, July 31, 2023

https://www.lewrockwell.com/2023/07/chuck-baldwin/three-important-news-items-most-of-the-media-forgot-to-tell-you-about/

Three Important News Items Most of the Media “Forgot” To Tell You About
By Chuck Baldwin
July 14, 2023

*** begin quote ***

Report Number Two: In less than 2.5 years, there have been 1,884 athletic cardiac arrests or serious issues with 1,310 of them dead.

Josu García de Albeniz (25) from Spain, a Karate Fitness Gasteiz Karate exponent collapsed from a cardiac arrest at the entrance of a music festival. He later died in hospital. Alia Zuidema (21) from Michigan, a former high school basketball player died suddenly after a “medical emergency.”

*** and ***

In Ukraine, a lawyer was killed in a “vaxxident.” In Odessa, the prosecutor suddenly died at the wheel. According to local Telegram communities, an uncontrolled car rammed several parked cars. The deceased is a high-ranking law enforcement officer of the city R. Bershavsky. No age or cause of death reported.

*** end quote ***

Seems like there are an awful lot of “vaxxidents” or maybe vaxxidental deaths!

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