good morning everyone

I'm feeling much better than average today

nobody knows how many days they have left on this Earth

don't f****** waste it

rates for overnight bank to Bank lending went up 106x from March 2022 to March 2023

https://fred.stlouisfed.org/series/SOFR

this rate is backed by treasury bill lending

in a lot of ways this wrecked the economy

a lot of ways zero interest rates wrecked the economy also

https://realinvestmentadvice.com/resources/blog/microstrategy-and-its-convertible-debt-scheme/

mstr is a ponzi, says this guy

they sounds about right

I have very little faith in Donald Trump

he continually says A and not A

people choose to hear what they want or what they hate as the mood strikes them because he always says both

I have a lot of faith in Elon when it comes to commercial entities .

can he fix the government? wow that's hard.

I'm skeptical he's going to make a lot of progress

maybe they can reduce regulations substantially

the last time that happened was Reagan and it only lasted for his first term

the machine just loves to get bigger and we the people beg it to do so

like the f-35, which is an idiotic idea in the age of drones. but it is being built piece by piece in almost every congressional district in the country so it provides jobs in every district so every congressman votes for it. how does one fight that?

they will make no progress to speak of on the budget because it's 1/3 interest on their defense and 1/3 free crap for old people. old people vote.

the military insures that we own the seas. We are in unintentional empire but it's too late to turn back the clock on that and if you do the world gets a very dangerous very fast

always invest in new equipment for my people. all they have to do is tell me they believe that it will increase their productivity enough to pay for the equipment

so say you make 50K, a thousand a week

and a new computer is $2000

do you spend 4% of your time waiting for the computer to do stuff?

that's 1.6 hours a week

20 minutes a day

do you spend 20 minutes a day waiting for the computer to do stuff?

if you make a 100K then it's only 10 minutes a day, etc

gm

I am rereading "a Connecticut Yankee in King Arthur's Court" by Mark Twain

the idea that we would now be submitting to a government that takes over 40% of GDP for itself what's so horrify him and anybody of that era that they would rise up

we are the frogs boiling in the water slowly

Land of the Free

gm

what drives bitcoins price action?

lyn Alden says that it's global liquidity nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

so if global liquidity increases one percent, what percent does bitcoins price increase?

I applaud you for trying to make a positive difference

oh!

hmmm

I don't know

I should name her

yeah I bought houses

I'll never get back to where I was

what percentage of campaign promises are kept by these guys ever?

bingo

news to me

I've been running two forever and they're not even on tor

how old will you be when you decide to flip the script and start spending the money?

when your identity becomes that of a savor it becomes an identity crisis to flip

Paul Krugman, Nobel laureate and economist, has been a vocal critic of Bitcoin and cryptocurrencies. He has described them as useless, inefficient, and akin to Ponzi schemes. In 2013, he titled a blog post "Bitcoin Is Evil," aligning with views that it was designed to undermine central banking and state authority. By 2017, Krugman labeled Bitcoin a bubble, suggesting its price was inflated by mystique and a lack of understanding. In 2018, he criticized Bitcoin as "a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology," highlighting its inefficiency and volatility. More recently, in 2022, Krugman compared the crypto market to a Ponzi scheme, noting that its value is sustained by the belief that others will buy in at higher prices. Overall, Krugman remains skeptical of cryptocurrencies, questioning their practical utility and long-term viability.

is there anything he hasn't been wrong about? he thinks governments and socialism are the answer

good riddance you loser

https://www.nytco.com/press/paul-krugman-retires-as-times-columnist/

Austin.. similar

where

you know how you buy a big purchase like a car or whatever and you start noticing problems with it and you feel like you got screwed

I'm having a love a ffair with my new dishwasher