The Minnesota State Senator who filed a Bill defining TDS as an actual mental illness in Minnesota was arrested for soliciting sex from a minor. Good people! https://www.fox9.com/news/minnesota-senator-justin-eichorn-arrest Illegal, and socially shameful but honestly not that strange (17, not 12). ...

Department heads and managers, supervisors should do a forced ranking of their people and yank the bottom 10% or whatever... much like all of us in corporation have done since forever-ago. Indeed most of us have endured this in our careers. This is the infamous Jack Welch 20/70/10 practice as descr...

For the record, I am 110% in favor of budget cutting. But not the way it has been done. Department heads and managers, supervisors should do a forced ranking of their people and yank the bottom 10% or whatever... much like all of us in corporation have done since forever-ago. And you really have to...

Lincoln’s Treasury secretary immediately recognized that the government, too, would be forced to go off gold. A despondent Chase alerted Cisco, “I deplore exceedingly the suspension . . . it is certain that the Govt cannot pay coin unless the Banks do.” Chase had fought harder than anyone to stay o...

"On the final weekend of 1861, the Associated Banks reported another drop in gold. The forty institutions in New York had lost nearly 30 percent of their specie in less than a month. They still had gold reserves of $29 million, but it was plain that if the spigot remained open, their vaults wou...

This whole section was astounding: "One week after Lincoln’s message, Chase submitted his annual report to Congress. This document was eagerly awaited, for it provided the public with its first glimpse of the country’s finances during the war. Fearing that the public was losing patience with th...

One difference, although perhaps not terribly important: currency stashed away eventually becomes something you need to trade in for more up to date currency. Your mileage may very depending on country of residence. (Or, as noted in Breaking Bad, it may be vulnerable to silverfish). Gold can just s...

Starting this book and the following are on the next two pages.

Smith1776 wrote: ↑Tue Mar 18, 2025 9:04 am $66 million AUM as of yesterday.

That is nothing in the world of investing!

(no writing by Vinny!) https://www.etf.com/sections/features/gold-tops-3k-gld-iau-surge-investors-seek-safe-haven?utm_medium=email&utm_campaign=317%20-%20Morning%20Exchange%20-&utm_content=317%20-%20Morning%20Exchange%20-+CID_1931186bf58645e94c1d9088a0ee63c0&utm_source=cm_email&utm_t...

No thanks!!!! (end of writing by Vinny) https://www.nytimes.com/2025/03/06/technology/bybit-crypto-hack-north-korea.html How the Biggest Crypto Heist in History Went Down The cryptocurrency exchange Bybit lost $1.5 billion to North Korean hackers last month — and it all traced back to an account on ...

flyingpylon wrote: ↑Sun Mar 16, 2025 8:13 pm Hope this person gets the help they need.

My reaction is the opposite. Hope that the country gets the help it needs!

https://archive.feedblitz.com/49420/~20489588/9627344/78e892d0a6541ad166d73721f5180e2d Looking For Safe Havens During A Stock Market Correction The US stock market fell on Thursday, Mar. 13, closing 10.1% below its previous peak – a decline that many analysts define as a “correction,” which is a sli...

My town is about 6,000. The one next to me has about 17,000 and is the center of the county. The below writer has a column each Saturday in the town's newspaper. This column is completely SCARY!!!! Vinny (end of my writing!) https://greenfieldrecorder-ma.newsmemory.com?selDate=20250308&goTo=A04&...

I'm all in on BTC at $10,000. If the general stock market takes a nosedive in 2025-2026, BTC will go down by multiples of that. $100,000 > $10,000... typical BTC behavior. Its seems to be an amplifier for human emotions... it reveals the worst possible investor behavior. Performance chasing, recenc...

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...