Duolingo rewards for completed lessons

Wokeness is dying but not nearly fast enough

Let's wait for confirmation 😉. #Bitcoin

The complicated aspect about the Social Security system in the United States is that it was falsely marketed.

It's called an "entitlement" because people pay into it and are supposed to get it back like a pension, regardless of whether they are rich or poor when they retire. And so the Baby Boomer generation views any cuts to their social security as a rugpull, basically. It's not insurance or charity; it's an entitlement.

However, although it was marketed as like an entitlement/pension, that's not how the math worked out in practice. And it's because population growth is slowing. It was based on ponzi math, assuming that every generation will be bigger than the one that came before it. But the Baby Boomer generation was huge.

In addition, when Social Security was created, the retirement age was set near the average life expectancy. Many people would not live long enough to collect it, and most would collect it for a handful of years. Only a small minority of outliers would work for like 40 years and then live off social security for like 20+ years. But then over the decades, life expectancy increased by like 15 years, so the default assumption is indeed that someone can work for 40 years and then have 20+ years of retirement, even though the amount they pay into it doesn't really mathematically cover that. It's not designed for that en masse.

And so Baby Boomers had like a 3.5 worker-to-retiree ratio to support in their peak earnings years, while Millennials will have more like a 2.5 worker-to-retiree ratio or less to deal with. Which means they get a worse deal. Many Millennials don't even think they'll get it at all, despite paying into it.

That breaks up the social contract and sets up inter-generational political conflict. "Fourth Turning" stuff.

It's a big reason why "defined benefit" plans are inherently unstable; they rely on being able to predict the future.

And it's also a big reason why, when speaking about deficits, nothing stops this train.

From a technical perspective, my favorite short term positive divergence is a rising global M2 monetary supply and a sideways-to-down bitcoin price.

… which is what is currently happening.

FWIW.

🔥🚀🔥

I think because his game is so calm and steady the media finds it hard to get "substance" and "variety" when the camera is on him.

When he's off the course he's also very much the same

Bryson? Insane distance on driver. Eye catching stuff.

Hideki? Unique swing tempo. Eye catching stuff.

Rory? "Prettiest" swing. People love it.

What an amazing player though.

New EU Vaccine Passport Raises Concerns Over Data Privacy and Control

Starting September 1, 2024, Germany will launch a pilot for the new EU Vaccine Passport as part of a broader initiative called "European Vaccination Beyond Covid-19" (Euvabeco). This initiative, set to roll out across the European Union by 2026, will not only document vaccinations but also integrate personal health data, effectively placing citizens' private information at the fingertips of state and institutional powers.

The EU claims this project will empower citizens, but the reality suggests otherwise. Under the guise of public health, the European Union is trampling on individual freedoms, further tightening its grip on the personal lives of its citizens. This move, aligned with the World Economic Forum's broader agenda, leaves little room for dissent. Any semblance of opposition is muted, as most political forces either comply or turn a blind eye, leaving the path wide open for a future of total surveillance and control.

Despite this radical shift toward centralized authority, public consultation was minimal and controlled, highlighting the EU’s disregard for genuine democratic engagement. The quiet rollout of this program signals a disturbing trend—one where personal freedom is sacrificed on the altar of "public good" with little to no resistance.

As Europe heads down this path of digital health tyranny, the erosion of privacy and autonomy becomes inevitable. The window to resist this overreach is closing fast, and without a significant pushback, the infrastructure of total control will soon be fully operational.

#EU #VaccinePassport #PrivacyInCrisis #TotalControl #DavosAgenda

When I see a intellectual people NOT understand Bitcoin, what is often preventing them from “getting it”, is a deeply held, core belief that the world is spiraling out of control and can’t get better. Because of this pessimistic conviction, it’s almost like it’s impossible for them to wrap their head around it. It’s a very strange yet persistent theme.