@Robert

“I’d like that gallon of milk. Do you have change for this gold ingot?” More seriously, if things get really bad gold will become worthless. Having an AK-47 would be more useful.

As far as the American economy and the dollar, many feel it’s clear we’ve already gone past the economic event horizon. We got there by overspending on the…[Read more]

How many bitcoins does a gallon of milk cost? You don’t know. And I don’t want your bitcoin if I’m selling a grilled cheese. It’s been decades and it’s still just a dream. I certainly trust the US government will pay its debts to me over some blockchain ledger that can get hacked or made to be illegal like China did. Like all this decentralization…[Read more]

@Robert

Your argument—and Buffet’s—that Bitcoin prod9uces nothing could be applied to any of many sorts of nonfungible assets, could it not? A Rembrandt sketch, a Babe Ruth home run ball, diamonds, gold, etc.

People want to get away from fiat currencies, currencies published by governments. So far—except for the ones functioning now and produ…[Read more]

John Meersheimer is the guy that once said Putin is too smart to attack Ukraine. Opps. That didn’t age well. He blames the West for the war. I have to agree in a way because Russia is that inconsequential. Maybe Putin got played into this suicide mission, but I don’t think it was intentional. It was just the way it went down because Trump made his…[Read more]

China has a long way to go before becoming the world’s reserve bank. They hang huge decisions on the head of their dear god-like leader of that surveillance state and frankly it’s not a good system. Can’t trust their data either. They have been “a-suckin” on cheap capital from the West, selling cheap goods and providing cheap labor for pennies on…[Read more]

Unseen,

We could always call the physically and mentally infirm by one word: “Healed.”

But, of course, that would take work to proclaim with truth.

Unseen,

Putin’s Russia, Red China, Saudi Arabia, and Iran are already together, regardless of anything we’ve done. Tyrants of a feather flock together.

Sure glad I didn’t invest in Cathie Wood’s flagship ARKK ETF. Down over 40% year-over-year when the S&P is down 13% and her ETF is down 75% from its peak. I scalped it day trading on its way up a few times. As for bitcoin, Warren Buffet summed it up pretty well. He wouldn’t buy “all of the bitcoin in the world for $25: ‘It doesn’t produce anyth…[Read more]

BTW, the original video by James Jani spends way too much time on NFTs (non-fungible tokens) when most people—perhaps most people here—have no clear idea what an NFT is or, more importantly, what they do that nothing else can.

Now, what is fungibility? It’s a fancy-ass word for interchangeability. The opposite of uniqueness.

There is a pro…[Read more]