Edit: Barr is being replaced by an Attorney named Rosen. Oddly enough, OANN was reporting this until they went off air about 45 minutes ago.

more about john a. stormer

en.wikipedia.org/wiki/John_A._Stormer

If Trump hasn't started arresting known deep state actors by now, he probably won't.

Looks like a company in Austin was raided (Solar Winds):

CISA reported a breach of the SolarWinds Orion products.

This Emergency Directive called on all federal civilian agencies to review their networks for indicators of compromise and disconnect or power down SolarWinds Orion products immediately.

So guess who uses SolarWinds?

Dominion Voting Systems uses SolarWinds products. It’s right there on their website.

All the internet technology seems to be way, way, too hackable.

Ewww ... even BitCoin ???

Ewww ... even BitCoin ???

You'd have to ask Pinguinite about that, I haven't tried to lose $$$ in crypto-coin yet...

freedom4um.com/cgi-bin/readart.cgi? ArtNum=242644&Disp=2#C2

Ewww ... even BitCoin ???

Bitcoin is pretty safe, for the time being. Quantum computing poses a threat to some cryptos but even that can be patched up. Or so I understand.

Surely Bitcoin investors will limit their investments in these crypto currencies to what they can afford to lose.

I consider major cryptos to be very safe long term investments, especially now with this massive stimulus that's been handed out this past year. Once the velocity of money starts picking up as the lockdowns end, inflation should start to kick in with a vengeance. So safe haven assets will do very well. Crypto, metals & real estate.

Price of bitcoin has gone to 21,300.

Company recently told him to plan on working from home permanently. They're downsizing or even eliminating the office. If they need to have a meeting they can rent a conference room at a hotel or something.

The company will save a lot of money that way. Information based work might well become a majority telecommute profession.

Bitcoin is decentralized. It doesn't depend upon any software company.

Right, blockchain, but I was more or less commenting that I'd be leery of certain sectors of real estate.

They're downsizing or even eliminating the office. If they need to have a meeting they can rent a conference room at a hotel or something.

That's exactly what my employer is doing. The only permanent facilities will be data centers, which only require a few people, and even those may get farmed out.

I was more or less commenting that I'd be leery of certain sectors of real estate.

Ah, yes. Business real estate is more risky, especially in the cities that people are fleeing from in droves.

Home real estate in rural areas might be much better right now. But holding cash will be a liability.

I haven't tried to lose $$$ in crypto-coin yet...

Me neither ... I'd rather get rolled by a violent criminal that have some geek break my balls !

Home real estate in rural areas might be much better right now. But holding cash will be a liability.

Excellent advice.

If they need to have a meeting they can rent a conference room at a hotel or something.

I am thinking they had better keep masks handy since that is the prescribed regimen. ;)

Why would holding cash be a liability?

Right at this point in history, inflation is a biggie given near-zero % interest rates.

Theft? Yeah, if you're stupid.

Stocks? Always risky. I bought XOM at $42 a few months ago with money that was languishing in a money market fund in my IRA @ 0.01%, but Exxon was paying 8+% dividend yield. It promptly dropped to $32 bringing the div yield to 10%+. It's back over $42 today. Div yield changes with the price of the stock because divs are paid in X dollars/share.

BitCoin? Ehh, computers scare me. Some financial hotshot named Schiff lost all his investment in BitCoin because he lost his password or something. I wonder how you get money into that in the first place. Give someone at the other end of my computer my bank acct #? I think not.

Precious metals? I've got about a third of my assets in PMs. I've done good buying before the crash of 2008 or whenever that was. Downside is liquidity and the threat of confiscation. Gold is a couple hundred/oz off its highs from a couple months ago.

(Edit) Cash, paper money, in quantity is very suspect. If you don't believe me, take a breifcase full of twentys to your local car dealership and try to buy a new Honda. You'll quickly find yourself in handcuffs and relieved of your breifcase. Forever.

Why would holding cash be a liability? Inflation? Risk of theft? Lost investment opportunity? Serious question. Thanks.

Excess cash in bank, the banker is using it to make money for shareholders, paying you peanuts.

Partners and I buying, leasing homes in rural area, instant income, total collapse, we still own the properties. Rural areas???? Little or no crime with city denizens of NYC moving out into the country.

Excess cash in bank, the banker is using it to make money for shareholders, paying you peanuts.

I know that, Cyni, that's why I bought another big batch of XOM paying 8%+.

Partners and I buying, leasing homes in rural area, instant income, total collapse, we still own the properties.

I'm too olde to be invested in properties. When I'm gone, all my accounts transfer-on-death.

Seen too many friends lose their shirts trying to be land barons.

I'm too olde to be invested in properties. When I'm gone, all my accounts transfer-on-death.

Seen too many friends lose their shirts trying to be land barons.

The light that burns twice as bright,

Shortly I will be 89.

Land barons??? Rather income property owners with a sense of values and the current times.

Lived thru the great depression no illusions ab out being millionaire.

Wife also follows some kid online; his stock picks are supposed to be good. He recommended TTCF recently, so the wife and I put $1,000 in it today. Then I looked it up later and saw that it's some faggy plant- based non-meat food thing.

I've got a good bit of money tied up in my truck -- close to $6,000. Nicest truck I ever had.

We ""NEVER""" read of advice from those that went bankrupt.

all should beware of the "advisors" that abound

Yes, that's good advice. As I age I am less trusting of everybody. Especially touching money.

Why would holding cash be a liability? Inflation? Risk of theft? Lost investment opportunity? Serious question. Thanks.

Answer is Inflation. I posted this little 30 minute tutorial on money/currency by Ray Dalio back in August. I've watched it a couple times and it explains an aspect of economic law of how money supply increases and decreases in cycles.

freedom4um.com/cgi-bin/readart.cgi?ArtNum=240062

Or the video directly...

Basically, when one person gets extra money and spends it, it means the person who gets paid that money can use it to get more credit and then he can spend more money than they guy that paid him. The next guy in line again gets a credit bonus and has even more money to spend, and the chain continues.

Now, the US is coming out of a pandemic lockdown which has seen a huge economic slowdown. Gov and Fed have responded with lots of stimulus, this has increased the money supply by some 30%-40% in 2020 alone. That is huge. So why haven't we seen inflation? Because people aren't really spending it. The "velocity of money" is way down because people are afraid to spend the stimulus money on anything but essentials. So the economy stay stagnant.

So what happens when the pandemic ends and people start getting confident enough to start spending money and running up credit card debt? The velocity of money starts to pick up and all that cash starts to get multiplied as demonstrated in Dalio's video and at that point we start to get big time inflation. THAT is when we start paying for the stimulus money. And that's why I say you don't want to be in cash when that happens. To rake all that excess money out of the system, the Fed will have to raise interest rates Jimmy Carter style. But if they do that, the interest debt burden on the national debt gets huge soaking up enormous amounts of tax revenue, leaving little to spend on gov projects. If the Fed leaves rates at zero or close to it, then it's a serious inflation run.

So that's why I think coming out of this pandemic, which should happen now that the vaccine is out (regardless of how well it works) holding cash is unwise. Put it into silver, gold, crypto or real estate.

If you've not seen Dalio's vid, check it out. I'll probably watch it again myself.

BitCoin? Ehh, computers scare me. Some financial hotshot named Schiff lost all his investment in BitCoin because he lost his password or something. I wonder how you get money into that in the first place. Give someone at the other end of my computer my bank acct #? I think not.

I like Schiff a lot. He obviously called the 2008 crash. But he's biased against crypto and that's what got him.

From what I know of Schiff's loss, it was due to gross incompetence of either him or whomever he depended on to get him into crypto. Here's the deal...

When you set up a crypto wallet, the wallet delivers to you a set of 12 or 24 common English words -- usually 12 words. What you need to do is record those words, in the order in which they are given. Those words are your wallet. If a thief steals your computer or your house gets burned down, then your crypto is okay as long as you have those words. They can be memorized or tucked away in a secret place or 3, but so long as you have them, you also have access to your funds.

At the same time, the wallet you install lets you create a password for access to the wallet. So long as you have thaht password AND you have your computer with that wallet installed, you also have access to your crypto funds. Either the 12/24 words OR the wallet PW with the compute gives you access. One or the other.

Schiff apparently didn't retain either. So that was his fault. There is no excuse for that. So whomever Schiff depended on to set him up was the screwball, and it was schiff's fault for having a screwball do it. It was probably a computer guy that simply had no experience -- none, nada, zip -- with crypto. Or maybe his computer guy intentionally screwed him over and has absconded with the crypto funds, which for Schiff is probably no small amount. Who knows?

If Schiff had followed proper procedures, his funds would be fine. Given he lost his password, all he'd need to do is reinstall the wallet on his computer, do a restore operation, and put in his 12 words, and he'd be golden.

The real problem is that Schiff despised crypto from the start. That's why he was negligent. What happened to him was not the fault of crypto. It's all on him.

The Kondratiev Wave shows how this cycle operates. ;)

www.foxbusiness.com/marke...n-dies- crashing-car-store

Sounds suspiciously like what happened to Hastings and the boyfriend of the GA gov's daughter.

Drove a car through a Verizon store.

I wonder what Verizon did to him that the he should target their store?

But then stranger things have been known to happen. :-/

I don't see this new knowledge changing my life any.

"It will be vanquished" like 35 million invaders will be sent home.

I'm not sure the video answered the question of why holding cash would be a liability

At my age, and with my aversion to risk, I completely agree.

The time value of money and the "missed opportunities" are outweighed by safety of cash in hand.

At my age, and with my aversion to risk, I completely agree.

I'm holding mine and I'm brave enough to hold everyone else's !

And I'm not sure the video answered the question of why holding cash would be a liability.

The video doesn't state that directly, but it does explain how money supply grows in an economy simply by spending money with credit. One person earns 100,000 and spends 110,000, that new person who earned 110,000 can spend 121,000 and so on.

So factor that aspect of monetary growth with this year's huge 30-40% increase in money supply, and then consider what happens when the lockdowns end and the economy comes out of hibernation. People get more confident and start spending, including with credit cards. Money velocity picks up. One person's spending with credit is another person's income credit free, and everything starts to accelerate.

What I expect is that to result is a huge increase in currency flowing around in the USA that simply wasn't there 1 year ago. End result is either serious inflation. Fed can either hike rates up enormously or just let it happen.

Am I wrong?

borrowing at interest

My wife would walk before she would have a car loan. A definite keeper.