Halls of Shrewd'm / US Policy❤
No. of Recommendations: 9
No. of Recommendations: 8
Strategic Crypto Reserve is a giant rug-pull scam
My wife and I did a Costco run yesterday (never on a weekend) and I spent $40 on a bunch of tulip bulbs.
Much better investment than crypto.
No. of Recommendations: 3
Strategic Crypto Reserve is a giant rug-pull scam
Krugman nails it,
I like Krugman, but I don't need him to tell me this crypto reserve is just a scam. Anyone with two brain cells to rub together can figure that out.
And yes, I know what I did there.
--Peter
No. of Recommendations: 2
I spent $40 on a bunch of tulip bulbs.
I'm having a hard time finding tulip bulbs. I'll buy those from you for $50!
:-)
--Peter
No. of Recommendations: 13
This combines everything Trump doesn't understand about computers with everything Trump doesn't understand about currencies...what could go wrong?
No. of Recommendations: 2
the skills to garner and sustain a cult is confused with pretty much intelligence* on every other topic.
which says all that's needed regarding the gop.
*topics worthy of its descriptive use
No. of Recommendations: 3
Much better investment than crypto.
At least with the tulips, you get flowers.
From about ten years to three years ago, we planted a few dozen bulbs a year. Now the yard is a riot of color in late April/early May. But last year we noticed that not as many tulips came up. Might be time to plant some more in the fall.
But daffodils:jonquils. Those things proliforate like weeds. If you ever want daffodill bulbs……. Come by and we’ll show you where to dig.
No. of Recommendations: 1
My gladiolus are popping up now. The crocuses are already in bloom.
Don't have any tulips, though.
--Peter
No. of Recommendations: 11
Don't have any tulips, though.
Tulips are hard. I’ve planted them, had a lovely crop, and then … nothing. I’m told you have to dig them up, split them, and replant them - and that’s a non-starter for me. Daffs, on the other hand, show up year after year like poor relatives at Christmas. (The daffodils, that is, not the poor relatives.)
But onto the real topic, I don’t understand at all what a “strategic reserve” of crypto is. If you have it, it doesn’t count until you cash it in. If you cash it in, you don’t have it. Unlike oil, where there’s an industrial necessity for the product, with crypto all you get is, uh, numbers on a page?
If government is going to do something with it, then by definition they have to trade it. Anybody know a government employee who is particularly adept at trading? (I mean without front running for his own account.) If we’re going to have a crypto reserve, why don’t we have a “stock market reserve”? We could have the government buy a whole bunch of stock (whoopee!) and then never sell it . I’m sure that would strengthen the economy.
Somehow.
No. of Recommendations: 1
Out here in the woods no one plants tulips unless they want to feed the squirrels and deer. I is easy to spot an old home site though. Even after a hundred years the daffs and the yucca are still growing and spreading.
No. of Recommendations: 13
So this is all flim-flam and false labeling, as usual, from this administration. All they're doing is putting seized assets into some sort of government wallet. Which the government was doing already, before this round of elections.
And Mr. Efficiency has apparently named someone to head this, so added to the size of government and misrepresented what is happening when it was already taking place.
The best thing to do with any of this crypto is sell it immediately snd use real dollars to do real things with real money. For individuals, that's stocks or bonds or other endeavors. Or hey, vacation. I'm going on a retirement cruise in a week.
For the government, sell every speck of it that is confiscated from drugs and thugs, right after seizing, and use it to pay down the debt. Hell, unleash our hackers on DPRK or such and steal it back.
No. of Recommendations: 3
i am officially starting scuttlebutt that singapore has set aside priceless land for a PGA-sized trump branded golf course and needs to chat w/him on the ground there in person.
"...CoinDesk reports, Singapore’s Minister of State for Home Affairs Sun Xueling proposed earlier this week that her government introduce the corporal punishment known as caning to deal with crypto scammers, adding that that cohort inflicted 25% of all fraud-related losses on the city state’s citizenry during the past year."
No. of Recommendations: 2
Singapore does *not* play. They've caned Americans in a few situations, when they've acted rather foolishly. While I wouldn't choose this accountability tool...well, when you're overseas...FAFO, as the kids say.
No. of Recommendations: 3
Singapore does *not* play. They've caned Americans in a few situations, when they've acted rather foolishly. While I wouldn't choose this accountability tool...well, when you're overseas...FAFO, as the kids say.
Yes, I thought Singapore was expensive, but clean, well-run, and expensive. The Brits classify it as a benign dictatorship,but, as you say, they are not nice to criminals. They execute you if you have X amount of drugs. Drug rehab is on an increasing severe scale, have a relapse and it gets harsher. A friend of mine who lived there characterized it as - you could be walking down the street and break a law and not know it. One policeman had an accidental discharge of his weapon and they fired him. You may have a gun and keep it at the firing range.
I read LKY's biography and if you do so, when you find an acronym for any organization, etc., make a note of it and the page number. Easy to get lost on which org is being referred to. LKY dealt harshly with the communists, but 40% of the businesses are government owned, and they work closely with anyone who wants to set up a business there - very pro-business. They help married couples get housing, promote families.
During the pandemic I watched Singapore, Japan, and S Korea. I wore the masks from S Korea because they were light on the face and you could breath easier. Singapore got the better vaxx, but took the Chinese vaxx under pressure and some Asians preferred it as being "traditional". Singapore is a success due to LKY not putting up with disruptive elements, but he lost his dream of becoming part of Malaya because of the anti-Chinese strife that happened. Typically, with any Asian country that has Chinese the Chinese dominate the business sector, and the rest of the population resents it. The "si" in Malaysia was left there but happened during the ill-fated combination of the two countries. It was Malaya before.
Deng Xiaoping went to Singapore to look at how LKY was achieving success and is credited for transforming China's economy, but in reality China had had several minor revolutions that shaped the rise of capitalism.
