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]

@Enco

And yet, we are driving Russia and China into each other’s arms. Probably a big, and maybe fatal, mistake, especially if it brings about the end of the dollar (aka “petrodollar”) as the world’s reserve currency.

What gives an asset a permanent, if fluctuating, value? It’s the asset’s scarcity. What assets have scarcity built-in? High-end collectible assets such as a baseball that won a World Series, a Vermeer or Rembrandt, a dress worn by a movie star in a famous movie…and Bitcoin. The thing about Bitcoin is that there will be only 21 million Bitcoins…[Read more]

There’s always another side to the story:

Reg,

As long as there are no “Modest Proposals” made, I think we’ll ultimately all be safe. 😉