Well, socialism is just a broader spectrum. Looks like you are correct. However, it seems more specific to describe them as communists. Vinny Communism and socialism are related but distinct ideologies. While both aim to reduce economic inequality and promote public control of the means of producti...

https://www.citationneeded.news/issue-78/ Crypto recaps Issue 78 – President on brink of bailout for bitcoin Trump tries to breathe life back into the crypto markets’ “Trump pump” while federal regulatory agencies wash their hands of any crypto industry oversight Molly White 02 Mar 2025 — 23 min read

https://www.thefp.com/p/trumps-crypto-fort-knox

Cliff Asness: The New ‘Crypto Fort Knox’ Is as Dumb as It Sounds


To create a sovereign wealth fund dedicated to something five times or more as volatile as straight-up stocks is an awful idea.
By Cliff Asness
03.07.25 — Tech and Business

Xan wrote: ↑Fri Mar 14, 2025 12:52 pm Gold was $850/oz in February of 1980, which the Bureau of Labor Statistics says is equivalent to $3,437.51 as of February of 2025.

Using this yearly calculator here:

https://www.usinflationcalculator.com/

I get $3,292.

We should note that people are not born this way. The socialist horrors the Chinese have endured have destroyed tradition, family, and spirit. This was an aim of the socialists, and they succeeded. Absolutely. So you are concurring that is it socialism in China and not communism? If so, that leaves...

I've been listening now for at least 15 minutes of non-stop Trump "wisdom".

I'm convinced with for how much I have C-Span on that I've been exposed to more of his words than 98% of his supporters.

ALWAYS entertaining but scary that I'm not listening to a TV show but to real life!

Of course, the 3,000 is just an absolute, nominal number. I'm sure someone in two seconds can provide us an inflation adjusted chart of gold prices which will show 3,000 being far below its all-time highs?

… When others know where 'your' money is - and have control capacity, that's no longer your money its just a loan, open to being partially/fully confiscated at any time - such as via unavoidable punitive taxation (which takes many forms such as via currency debasement). You become a slave - self se...

Does a DAF count as a charitable organization? When I answered the question, I thought about it and thought it would not. It's a tax vehicle that allows you to take the charitable donation today on your tax return, allowing you to defer when the charitable organization receives the actual donation....

Here's the most disturbing thing about a President trying to command and control the economy. With every EO, every angry press conference, even Truth Social post, it gets more and more Soviet style. Let's say the President thinks oil is too high. It's $67 now, but let's say his polling indicate it ...

Businesses do a good job charging consumers as much as they can pay. If Chinese EVs have a profit margin of 20% and US auto 10%, a 10% tariff on China might be a way to generate revenue. If China wants to give you EVs at nearly cost. . .take them. Exceptions for national security and food. Global M...

2008 Fed printed billions and bought toxic MBS. Now the fed is paying banks 4.4% on that cash and the "pandemic" cash. Nice work if you can get it. What happens if they stop paying the banks? Bogleheads deleted my thread as too political and reddit deleted the replies https://old.reddit.c...

I'm missing why banks should not be earning money on their deposits? Because the social role for banks is to make loans to businesspeople so that they can invest in plant & equipment, hire employees, and create wealth in the real world. Banks now apparently (according to Shelton) can park their...

I've just started participating in these surveys asked via text where I get paid $0.10 per question answered. Goes to my PayPal account. I'd get double the amount if I installed the app on my phone and answered via it. But my phone is reserved for only what I cannot do anywhere else.

Xan wrote: ↑Thu Mar 13, 2025 10:05 pm Vinny, I was also busting your chops as far as the writer making his meaning clear. The opportunity was just too good.

I still remain Mr. Literal who fails to see any figurative unless completely obvious!

I thought it was clear and apparent that I had been making introductory comments before presenting information from the article. I’m sorry, Vin, I didn’t mean to cause such a fuss. It was apparent, or at least not that hard to figure out. I was being facetious. But, would it kill you to put some qu...

As satisfying (salacious?) as some of the reported DOGE findings are, in terms of materiality they are the equivalent of fingernail clippings. It remains to be seen what effect Trump will have on the overall budget, not just in terms of expense management, but also in terms of the revenue side of t...

Also this (end of writing by me). https://www.etf.com/sections/advisor-center/allan-roth-why-international-stocks-are-suddenly-outperforming?utm_medium=email&utm_campaign=312%20-%20Morning%20Exchange%20-&utm_content=312%20-%20Morning%20Exchange%20-+CID_b356733861267ac5eb5e4e335ff6dd4f&ut...

Can't wait until they get to the Defense Department budget and identify all the waste in providing all the jobs programs for the constituents of those in Congress and the Senate. Spending that would go away if not the desire to provide these needless jobs programs. That is where the REAL money is. ...

There wasn't anything (like quoting) to make it clear who was saying what. I've heard it many times here that it's up to the speaker/writer to make sure that his meaning is clear, rather than leaving it up to the listener/reader to figure it out. I believe Vinny himself has made such claims! It was...

There wasn't anything (like quoting) to make it clear who was saying what. I've heard it many times here that it's up to the speaker/writer to make sure that his meaning is clear, rather than leaving it up to the listener/reader to figure it out. Sorry. I thought it was clear and apparent that I ha...

Can't wait until they get to the Defense Department budget and identify all the waste in providing all the jobs programs for the constituents of those in Congress and the Senate. Spending that would go away if not the desire to provide these needless jobs programs. That is where the REAL money is. N...

I discuss some of the strategies favored by Warren Buffett and Charlie Munger. Didn’t know you were an author on Seeking Alpha. You were quoting below in which I presented: 1) URL 2) Title 3) Subtitle Nothing of me after my initial introduction before URL. "https://seekingalpha.com/article/475...

On Reddit, the panic has begun r/fidelityinvestments Keep calm about your 401ks Discussion Please do not panic about your 401k(s) staying down. It will go up. It has always been like this where the 401k goes up, down and back up. It will not stay down. If there are any evidence for 401k or even IRA...