The Last Capitalist in Chicago

Nvidia board member dumping $76 million in stock Nvidia stock has risen nearly 200% this year. All I see is enthusiasm for Nvidia stock despite its epic stock price run up. It is true that bears have gotten killed on this stock, but at some point, there has to be a pull back. Harvey Jones has been on the board of Nvidia since 1993. He has sold $76 million in Nvidia stock this month. Mr. Jones is also the managing partner of a private investment company, so I would reckon he knows something about the stock market and bubbles. However, this represents only a 15% stack, so he is still holding onto 85%. I would venture to guess that even if he wanted to sell every share of Nvidia he controlled, he couldn’t do so or he would spark backlash within the company, or cause a panic in the market. So let’s think about this, an insider who has held shares since the early 90s is selling Nvidia stock at an all time high? This should make you question why you are purchasing Nvidia at all time highs. I’m going to argue that Nvidia is one of the most overvalued stocks out there at this point. Tags: nvidia stock, nvidia stock analysis, stock market, nvda stock, nvidia stock news, is nvidia stock a buy, nvidia stock price, nvidia stock predictions, stocks, is nvidia a good stock to buy, nvidia, nvda stock analysis, nvidia stock earnings, tesla stock, stock market news, finance stock, nvidia stock price prediction, stock, nvda stock prediction, nvidia stock price today, nvda stock news, nvda stock analysis today, stock analysis, why is nvidia stock going down

What does the first gold ETF tell us about the potential price of Bitcoin? The first gold ETF was the SPDR Gold Trust ETF. The NYSE listed it in 2004. This was important because it provided an inexpensive way to invest in gold without owning physical gold or purchasing gold futures. Gold ETFs were a significant factor in allowing global institutional funds to invest in the precious metal. Gold has never bottomed out to the 2004 levels since then. The market value of gold was $1 trillion in 2004 but is now worth $11 trillion. On June 16, 2023, BlackRock announced its intentions for a Bitcoin ETF. Currently, many people invest in MicroStrategy, ticket MSTR, to get exposure to Bitcoin. Some of the top owners of MicroStrategy include Vanguard with about 8.5% of MicroStrategy, Fidelity with 6.8%, and BlackRock with 5.6%. I believe that we are headed towards more mainstream adoption of Bitcoin. Baby boomers will grow increasingly more comfortable with the concept of Bitcoin investing, and may see it as a store of value. The older generation lack the confidence and knowledge to purchase Bitcoin from exchanges like Coinbase. I think there are a lot of people that probably still call up their broker instead of using the online brokerage services. This older generation has a lot of money that can be put to work, and if Bitcoin sees even a portion of it, it could cause the price to increase dramatically. Tags: bitcoin, bitcoin etf, blackrock bitcoin etf, blackrock bitcoin, bitcoin news, blackrock, bitcoin price, bitcoin today, blackrock etf, etf bitcoin, bitcoin news today, bitcoin spot etf, bitcoin crash, buy bitcoin, blackrock etf bitcoin, etf bitcoin blackrock, bitcoin pump, blackrock btc etf, bitcoin analysis, bitcoin prediction, altcoin, blackrock coinbase, bitcoin price prediction, bitcoin dump, bitcoin live, bitcoin trading, sec bitcoin etf, bitcoin blackrock

BlackRock’s record for getting ETFs approved by the SEC is 575-1. BlackRock recently filed for a spot Bitcoin ETF. The custodian for the planned Bitcoin trust is Coinbase. BlackRock is the largest asset manager in the world so it means something that it trusts Coinbase. Perhaps BlackRock thinks that Coinbase will just have to a fine to deal with its current legal dispute with the SEC. The one ETF that was denied was due to “the proposals seek permission to create actively managed ETFs that would not be required to disclose their holdings on a daily basis.” This was fixed by BlackRock and the ETF went through. The Bitcoin ETF will have to purchase real bitcoin and not just be a derivatives futures based product like the ProShares Bitcoin Strategy ETF, ticker: BITO. The ETF will be forced to purchase real bitcoins and hold them in a trust in direct proportion to the money that flows in. Many people have tax advantaged retirement accounts that do not allow them to invest in Bitcoin directly. This is going to open the possibility to more directly invest retirement accounts in Bitcoin. If you don’t have a 401k or an IRA, and you want self-custody, and you can transact on the Bitcoin network, the BlackRock ETF will not be of much interest for you, but I would argue that this is the minority of people. In regards to 401k plans, it will be up to your employer to work out which plans and ETFs are vailable. However, if you have an IRA with a major brokerage like Vanguard, Fidelity, Schwab, you will be able to purchase the BlackRock ETFs through those companies. Vanguard has been known to sort of censor investments like leveraged ETF products. SEC approved ETFs have SIPC insurance and a lot of regulations and requirements for proof of reserves and oversight by independent parties. Tags: bitcoin, blackrock, bitcoin etf, blackrock bitcoin, blackrock bitcoin etf, bitcoin news, blackrock etf, bitcoin today, etf bitcoin, bitcoin news today, bitcoin price, bitcoin spot etf, blackrock coinbase, blackrock btc etf, blackrock crypto, blackrock etf bitcoin, etf bitcoin blackrock, bitcoin analysis, black rock bitcoin etf, bitcoin crash, bitcoin blackrock, bitcoin prediction, coinbase blackrock etf, does blackrock own bitcoin, buy bitcoin

The Fed should switch back to a single mandate The Federal Reserve has a dual mandate to ensure both price stability and maximum employment. The goals of the dual mandate clash making it an impossible balance. The Fed can only fight a war on one front because there is an inherent conflict in trying to keep prices down while simultaneously maximizing employment. It is impossible to maximize employment and not igniting price pressures. The Fed controls the economy with interest rates. Price stability is controlled by the use of interest rates. The job market thrives when interest rates are low allowing businesses to borrow money cheaply. Some people will portray the price stability focus as trying to make people unemployed, like Senator Elizabeth Warren. This is a sensationalist and exploitative way to depict the situation that lacks all the subtlety of the actual issues. Whenever a recession occurs the Fed cuts interest rates facilitating increased investment and spending as a result of cheaper borrowing costs. When the Fed makes borrowing more expensive, people borrow less and spend less. Many countries do not have a dual mandate. People may argue that these Fed banks may focus too much on low inflation. For example, the European Central Bank does not target employment, only a 2% interest rate. Monetary policy only has a long-term effect on interest rates, not employment. If people expect a central bank to target employment, they will build that into their forecasts, expecting an easier monetary policy. It is difficult to both define and measure maximum employment. The employment market is affected by other factors outside of the Fed’s control. Employment is not as easily controlled by the Fed as inflation. When you are trying to keep prices down, you are trying to preserve the balance between supply and demand. We are at a crossroads for Fed policy in general. We need to reverse what happened in the 1970s and return to a sole mandate. The Fed should only focus on price stability and purchasing power will be preserved. Legislative action by congress is the only way to change the mandate but the Fed does have some discretion in how it pursues its goals. The only way to raise the real wealth of the economy is through innovation, increases to productivity, new inventions, things that increase efficiency of the economy which raise productivity given the same inputs. A single mandate focused on price stability will result in more economic growth in the long run. It will give people confidence that their purchasing power will stay intact. I agree with Danielle DiMartino Booth, QI Research, when she scrutinizes the viability of the Fed’s dual mandate. Maximizing employment means you are trying to push demand beyond supply versus when you are trying to keep inflation low by balancing demand and supply. Tags: federal reserve, dual mandate, federal reserve board, federal reserve bank, reserve, federal reserve news conference, federal reserve system (government agency), mandate, federal, us federal reserve, federal reserve system, federal reserve san fran, federal reserve news, federal reserve meeting, us federal reserve powell, objective of federal reserve, the federal reserve bank of new york, us federal reserve powell (cr), the dual mandate, federal interest rates

Could Blackrock Bitcoin ETF make the crypto mainstream? BlackRock is close to filing an application for a bitcoin ETF according to CoinDesk. Thus far, the SEC has rejected every bitcoin ETF application it has received. If approved, this would be a simple way for institutions to invest in Bitcoin as it would be insured and there would be less custody issues. Investment funds could then more effectively invest in Bitcoin. Also, regular people like you and me could invest in Bitcoin via tax efficient vehicles such as Roth IRA. It will also mean the layperson does not need to deal with wallets, BTC send / receive address, seed phrases, etc. It will go far to legitimize bitcoin in the eyes of many people. Some people would say that Blackrock owns the SEC, and they will get what they want. Could Blackrock do to Bitcoin what it did with gold where it purchased tons of gold and made the largest gold etf? Having a large centralized entity controlling the largest pot of bitcoin would not be a good thing. Could BlackRock and Grayscale Bitcoin Trust both get their ETF applications approved at the same time? Works Cited: https://www.coindesk.com/business/2023/06/15/blackrocks-ishares-files-paperwork-for-spot-bitcoin-etf/ Tags: bitcoin, bitcoin etf, blackrock bitcoin, blackrock, bitcoin news, blackrock bitcoin etf, bitcoin news today, bitcoin price, bitcoin today, blackrock crypto, bitcoin blackrock, blackrock etf, bitcoin spot etf, blackrock coinbase, bitcoin price prediction, blackrock bitcoin etfs soon, bitcoin analysis, blackrock buys bitcoin, bitcoin prediction, blackrock btc etf, buy bitcoin, blackrock invests in bitcoin, blackrock etf -, bitcoin crash, blackrock news

Which parents’ insurance pays for birth of a child? It is not uncommon for both parents to be working, and perhaps even have different insurance plans. In some situations, the father has better insurance coverage than the wife, so you may be tempted to send the hospital bill for the birth of your child to the father’s insurance company. For the first 30 days of life, the baby is covered under the mother’s existing individual insurance policy. This should be automatic. The mother should not have to add the baby to the policy. If the bill is sent to the father’s insurance, it will likely get denied. Just correct the insurance to the mother’s. Tags: hospital bill, hospital bills, tiktoker reveals hospital bill for baby’s birth in viral video, birth hospital bills, giving birth costs a lot. hospitals won't tell you how much., hospital bills labor and delivery, hospital, medical bills, hospital bill delivery, $1 million hospital bill, natural birth hospital birth, million dollar hospital bill, california hospital birth, michael flor hospital bill, pay hospital bills, c section hospital bill, normal delivery hospital bill

Why are Canadians less productive than Americans? Americans are between 20% to 25% more productive than Canadians if we looks a GDP per capita. While it is true that Americans work 3.5% more hours than Canadians, this still does not explain the productivity gap. Another argument you will hear is that the industrial composition is different between the two countries. However, Canada is less productive across virtually all industries when compared to the United States. The productivity gap is potentially explained in part to businesses’ investment in tools and technologies for employees, the skills and ability of the workforce, innovation, and business size. Businesses in the USA spend over 50% more on capital for workers especially in information and communications technologies. It is not sufficient just to invest in capital and technology, but also to have workers that can effectively utilize both. The USA has more people with Bachelor’s degrees, as well as PhDs. Also, there is significant brain drain from Canada to the USA as graduates move south of the border to pursue opportunities and higher pay. American research universities also fuel productivity. The USA also produces roughly twice as much patents per person than Canada. Works Cited: https://businesscouncilab.com/insights-category/analysis/productivity-part-three-canada-us-productivity-gap/ Tags: productivity, productivity gap, canadian productivity, canada, deloitte canada, canada's productivity, productvitiy gap, canada gdp, canada today, us productivity, productivity growth, productivity rate, labour productivity, canada economy, america vs canada, economy of canada, productivity investments, canada economy vs usa, productivity (software genre), productivity (literature subject), canada mortgage, taxation canada, canadian economy, canada inflation

Ontario has the same per capita GDP as Alabama Productivity is not some abstract academic concept but determines the quality of people’s lives and their ability to raise a family. GDP per capita roughly represents the amount of income generate each year. Lowe productivity results in lower living standards. Canada has some of the worst productivity among advanced nations. The standard of living continues to fall compared to the United States. Canada’s labor productivity fell for the fourth straight quarter returning the country back to levels last seen in 2017. This is the equivalent of $5,500 per person in lost economic output. If Canada kept up with the pace of the USA, they would be producing over 8% more per hour worked than they currently do. Ontario is the most populous province in Canada and accounts for nearly half the country’s manufacturing. As a whole, Canada has missed out on the economic feast of the past decade leaving with with little fat on the bone to weather the current economic famine. Only Alberta exceeds the US average of $76,000 Works Cited: https://thehub.ca/2023-06-15/trevor-tombe-most-provincial-economies-struggle-to-match-the-u-s// https://businesscouncilab.com/insights-category/analysis/productivity-part-three-canada-us-productivity-gap/ Tags: canada gdp, canada, gdp, canadian economy, canada economy, canada gdp 2022, canada gdp 2021, canada gdp 2020, canada's gdp, canada gdp per capita, canadian gdp, economy of canada, canada news, canada gdp 2023, canada gdp news, canada economics, the economy of canada, russia gdp vs canada gdp, the economics of canada, how canada economy works, canada today, nominal gdp, canada economy explained, bank of canada, america vs canada, statistics Canada

The median American income can only afford 25% of homes The national median income for an American household is $75,000. In April, 1.1 million properties were listed for sale, of which, only 25% of them had a price below $256,000 which is the maximum price the average household could afford. There are only four major metro areas where buying a home is cheaper than renting. They are Detriot, Philadelphia, Cleveland, and Houston. The typical home costs 25% more per month to own than the cost of renting. It is more expensive to own a home than to rent because of how high interest rates are. The interest rate would need to be less than 4% for it to be cheaper to own a home rather than rent. At the current 6.5% prevailing interest rate, it is about 25% more expensive to own a home rather than rent. Works Cited: https://www.redfin.com/news/rent-vs-own-2023/?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_7045452 https://www.cnbc.com/2023/06/08/shortage-of-affordable-houses-real-estate-market-hits-some-hardest.html?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_7045452 Tags: real estate, real estate investing, real estate market, real estate agent, real estate crash, real estate investing for beginners, commercial real estate, how to invest in real estate, real estate 101, real estate bubble, real estate business, investing in real estate, commercial real estate crash, texas real estate, real estate basics, how to do real estate, houston real estate, new real estate agent, invest in real estate, how to sell real estate

Why is an IPO the worst time to purchase a stock? Too many investors think that buying an IPO is a surefire way to get rich. They will try and purchase the shares as soon as they go public. By the time the average investor can purchase shares, the real money has already been made. The average investor can’t buy at the initial price. An underwriters like JPMorgan Chase help a company navigate through the IPO process such as forming a preliminary prospectus outlinging the company’s financials. The underwriters will sell shares to big insutitutal investors like investment banks and private equity and these are the people who really make the money from the IPO, not the average joe. Companies that IPO tend to underform industry benchmarks. People are swept up in the IPO euphoria rather than seeing reason. The stock price is so inflated and have so many high expectations priced in. Private shareholders and insiders have their shared locked up for 180 days. After this lock-in period, they can dump their shared and the stock price can decline sharply. Lyft priced its IPO offering at $72 / share. The stock currently trades at less than $11 / share. Uber priced its IPO offering at $42 / share in 2019. Today, the stock trades for about that same price even after four years. Tags: how to buy an ipo,should you buy ipos on listing day?,how to buy an ipo early,where to buy an ipo,should,stocks to buy,how to buy ipo,best stocks to buy now,how to buy ipo stocks,what is an ipo,how to buy pre-ipo stock,how to buy shares,how much ipo share should apply,how to buy and sell pre ipo stocks,how to buy ipos,buy airbnb ipo,how to buy pre-ipo shares,how to buy unlisted shares,how to buy stocks on webull,how to buy stocks,how to buy pre ipo

Should you sell to a “cash for homes” company? So let’s imagine you have a house in really bad condition. It could be extensive black mold, plumbing or electrical issues, whatever it is. You can’t imagine someone is going to buy the house in its current condition so you wonder if you should call the phone numbers for all those advertisements for the companies that buy houses for cash? The answer is no, do not call one of these companies that’s always advertising to purchase homes. They will purchase from you for less than half of the market rate. Find a reputable local real estate agent. Some real estate agents will be quite uppity and refuse to list a house that is in bad condition because either they won’t make a large commission of it or they don’t want to tarnish their reputation. Some real estate firms will assign a more junior agent to these situations. Once you have a real estate agent, you are going to be targeting investors who will renovate and fix up the house to either sell or rent out. You need to get more than one investor to look and make an offer at on the house. Tags: real estate, real estate investing, real estate agent, real estate market, how to invest in real estate, real estate investing for beginners, real estate business, real estate 101, real estate live, real estate band, real estate crash, real estate music, new real estate agent, invest in real estate, how to sell real estate, real estate full album, commercial real estate, investing in real estate, commercial real estate crash, how to make money in real estate

What state has the highest foreclosure rate? Number 4: Ohio. Many people in Ohio are living paycheck to paycheck. There is also a housing shortage occurring. Number 3: New Jersey. The issue with New Jersey is the lack of affordable homes. People are underwater with their mortgages and there is an unemployment problem in the state. Number 2: Maryland. Foreclosures in Maryland can be partly attributed to lack of job opportunities. Many families are forced to have multiple jobs. The county with the most foreclsoures was Charles County which is actually the 39th highest income county in the USA. The majority of the population is black. 61% of the county is democrat. Number 1: Illinois. Many people in Illinois can’t afford to move out of the state to escape the state’s unreasonably high tax rate, crimes, and other misguided state government policies. Employers have been leaving the state including Boeing, Caterpillar, and Citadel. Also, the foreclosure moratorium expired that was implemented during the pandemic. Tags: foreclosure, foreclosures, interest rates, mortgage rates, mortgage interest rates, foreclosure rates, foreclosure rate, foreclosure rates 2022, foreclosure rates 2023, forclosure rates, highest foreclosure rates, rates, foreclosures 2023, florida foreclosures, states with the most foreclosures, what is the foreclosure rate in the united states, southern california foreclosures, southern california foreclosure report, foreclosure real estate, va foreclosure

Did Jack Dorsey invest $300 million just to hang out with Jay-Z Jack Dorsey’s wealth is derived from Block Inc, a payment company, not Twitter as is commonly believed. Dorsey’s stake in Block is valued around $2.75 billion versus the less than $1 billion in pre-tax earnings from his 2% ownership in Twitter. Dorsey leverages his wealth to invest in things that he deems cool. His $300 million investment in Tidal is allegedly just a ploy to get closer to Jay-Z and hang out with him according to a lawsuit by shareholders. You see, Tidal was a failing company with little prospect of success in my opinion. Jay-Z had put $50 million of his own money into the company to try and keep it afloat. Artists were abonding the platform, and most of the ones that stayed had no contractual obligation to do so. Also, Jack Dorsey, and Block, had little to no involvement with the music industry. It makes no sense for him Block to be involved in music or with Jay-Z in a business setting. So did Jack Dorsey invest $300 million just to hang out with Jay-Z? Tags: jack dorsey, tidal, jack dorsey twitter, jack dorsey square, jack dorsey interview, jay z tidal, jack dorsey tidal, jack dorsey bitcoin, twitter ceo jack dorsey, dorsey, why did jack dorsey buy tidal, jack dorsey and tidal music, jay z jack dorsey, jay-z jack dorsey, jack dorsey block, twitter jack dorsey, jackdorsey tidal, what happened to jack dorsey, jackdorsey tidal deal, tidal vs spotify, jack dorsey bitcoin conference, jay-z tidal, sq jack Dorsey

Is berberine the herbal equivalent of Ozempic for weight loss? People on social media are calling it “nature’s Ozempic” and are getting millions of views saying to helps with weight loss. Berberine is a bright yellow color and is extracted from the stem, roots, and bark of various plants. It has been used for thousands of years in traditional medicine across Asia and the Middle East. Traditionally it was used to treats stings and bites, heal wounds, and treat medical disorders. Supplements are not regulated by the FDA in the United States. It’s available online from a range of manufacturers. The issue is the quality and content of these supplements can vary drastically. One study of 15 berberine products found only six containing at least 90% berberine. A few smaller studies suggest it can decrease blood glucose and cholesterol and improve insulin resistance. However, links to weight loss are limited and scarce at this point. The weight loss effects may be the result of exercise and dieting rather than the supplement. Anecdotal accounts claim it helps to take the thoughts off eating. Works Cited: https://www.wsj.com/articles/berberine-natures-ozempic-weight-loss-902e097?mod=hp_featst_pos4 Tags: berberine, berberine benefits, berberine vs metformin, berberine side effects, berberine hcl, what is berberine, berberine weight loss, berberine diabetes, berberine supplement, berberine review, how to use berberine, berberine for diabetics, berberine and blood sugar, berberine for weight loss, berberine dosage, effects of berberine, benefits of berberine, berberine blood sugar, berberine uses, berberine ampk, berberine dr berg, berberine insulin, berberine results

Coinbase is not Binance The SEC is trying to conflate the issue by targeting and pursuing both companies at the same time. The SEC is making no allegations of misappropriation of customer funds or wash trading. There was no naming of the Coinbase CEO, Brian Armstrong, or the executive team personally. It is a technical issue of whether the crypto listed on Coinbase are securities or commodities. Coinbase is based in the US and has strict requirements like auditing. The assets are backed 1 to 1. Coinbase has tried to collaborate with the SEC and has received little to no guidance. The relationship with the SEC has been good except for the chair, Gary Gensler. He has proved to be unreasonable and unwilling to work in good faith. Coinbase CEO attempted to meet with him when Gensler was installed but Gensler would not cooperate. Several attempts were made. No one in one meetings ever occurred in person. In contrast, Coinbase has been able to work with international regulators, and even meet with the heads of government. Tags: coinbase, coinbase lawsuit, coinbase sec, sec coinbase, coinbase news, coinbase sec lawsuit, coinbase ceo, coinbase stock, coinbase sues sec, brian armstrong coinbase, coinbase wells notice, sec sues coinbase, coinbase app, security and exchange commission, sec vs coinbase, coinbase crypto, coinbase sue sec, coinbase ripple, coinbase security, coinbase wells note, sec coinbase lawsuit, sec vs coinbase lawsuit, coinbase sec wells notice, coinbase wells notice 2023

Side gigs have become a necessity for many of us, even the high earners. Younger workers are more likely to have one than older workers. The average side hustle pays $810 a month but 28% of them only make $1 to $50 monthly. 42% of low income people earning less than $50,000 in their household said they needed a side gig to pay for daily expenses. 40% of adults in America have a side job. Side gigs are up 13% over the past two years. About a third of people said they need a side gig to afford regular living expenses versus 27% that said it helps with discretionary spending. 25% are using the money for savings. 12% are using it to pay off debt. 53% of Gen Zers have a side gig. 50% of millennials have a side gig. 40% if Gen Xs have a side gig. 24% of baby boomers have a side gig Works Cited: https://finance.yahoo.com/news/america-failed-millennials-badly-turning-181417881.html Tags: side hustle ideas, side hustle, side gigs, side hustles, best side hustles, side hustles for extra money, side gigs online, side hustles 2023, side gig, side gigs from home, side hustle ideas 2023, side gigs for college students, easy side hustles, side gigs 2020, best side hustles 2023, online side gigs, side hustle gigs, popular side gigs, best side gigs 2023, side hustles for teenagers, gigs, retirement side gigs

Half of workers are not engaged on the job. They put in minimal effort to just get by. 57% of people said it was a good time to find another job. Workers at Farmers Group, an insurance company, are trying to for a union, and some have pledged to quit their jobs if they are forced to come into the office three times a week. Employees believe that shifts away from flexible schedules and remote work means that executives don’t trust them to do their jobs. Many workers believe that remote work is critical to their happiness. Employers are trying to increase workers loyalty by making them come into the office. Americans are more stressed this year than last year. Stressors include low salaries, long hours, and lack of opportunities. Works Cited: https://www.wsj.com/articles/first-it-was-quiet-quitting-now-workers-are-facing-off-with-their-bosses-5bb63cea?mod=hp_lead_pos11 Tags: apple, work from home, data entry job, typing job, earn money online, online jobs, remote work, work-from-home jobs, data entry typing job, work at home, make money from home, online data entry, home-based jobs, flexible jobs, remote data entry, work-from-home opportunities, online typing jobs, work remotely, online income, part-time jobs, freelance data entry, work from home jobs 2023, work from home jobs, data entry jobs, data entry jobs work from home

Binance’s Shady “Emergency Fund” Binance is the world’s largest cryptocurrency exchange. In 2018, it set up an emergency fund called the “Secure Asset Fund for Users,” or SAFU, to assure customers. This fund is meant to compensate users for losses resulting from hacks or other security that is compromised. Now that the US government is zeroing in on Binance, the emergency fund has fallen by more than 10%. At the beginning of the month it was worth about $950 but not it is somewhere around $840 million. This fund holds bitcoin and dollar pegged cryptocurrency, but roughly half of it is a Binance created coin called BNB. My question is regarding the legitimacy and value of BNB. If BNB is worthless, then half the emergency fund is gone right there. Binance has not released financial statements for the fund to show its assets and liabilities. Again, this is concerning. We have seen several crypto backed funds end poorly in the past. If we see a sharp decline in the price for BNB, this would mean stress for Binance. Works Cited: https://www.wsj.com/articles/binance-emergency-fund-dwindles-as-sec-takes-aim-at-the-crypto-exchange-71a0613b?mod=lead_feature_below_a_pos1 Tags: binance, binance us, cz binance, binance sinhala, binance sec, binance news, binance for beginners, binance tutorial, binance ceo, finance, future trading on binance, binance exchange tutorial, binance lawsuit, binance vai quebrar, binance trading sinhala, sec binance, binance p2p, binance 2021, binance sued, binance bank, binance vs ftx, out of binance, binance vs sec, binance ceo cz, binance tutorial for beginners, remove binance, binance review

One day you are walking through a field and come across a fence. “What business does a fence have being here in this field?” You ask yourself. Seeing no purpose being served by the fence, you tear it down only to later learn of its importance. You soon regret your decision to do away with something that you did not fully understand its purpose. The thing is that the fence was put there for one reason or another. Too often, reformers go up to the proverbial fence and say that they see no use for this and let us clear it a war. A more intelligent reformer will first understand why the fence is there in the first place. Therefore, it is not enough to think of the consequences of our decisions, but also the consequences of those consequences. This is called second-order thinking. Anyone can do first order thinking which is pondering the immediate anticipated result of an action. Do not remove a fence until you understand why it was put up in the first place. Tags: chesterton's fence, chestertons fence, what is chestertons fence, chestertons fence logic, chestertons fence reason, chestertons fence explained, chestertons fence explained simply, chesterton fences, chesterton's jewish convert, chesterton, gk chesterton, gkchesterton, g.k. chesterton, g. k. chesterton, chesterton wall, g.k.chesterton, decision making, decision making process, decision making tips, making decisions, what is decision making, decision making skills, decision making example, decision, decision making reasoning tricks, decisions, decision making meaning, decision making pdf, making a decision, poor decision making, decision making model, 7 step decision making, decision making nptel, decision making power, decision making models, decision making sample, decision making in life

You would think that the discovery and exploitation of natural resources would only lead to prosperity, but it can be a curse that brings a lot of negative results. Dutch Disease is the paradox whereby the discovery of natural resources negatively impacts a county’s economy. When a country exports natural resources, the money that are paid is called export revenue. The more exports a country has, the more revenue it makes, and the more that country’s currency is likely to appreciate. This currency appreciation is driven by several factors including more demand for the currency which strengthens the value versus other currencies. The country may began to export more than it imports leading to more foreign currency being exchanged for the local currency. Foreign investors will be attracted to the country to invest their foreign currency after first exchanging it for the domestic currency. You also have speculators engaging in currency trading in the hope of making a quick profit. All of these factors result in currency appreciation. While currency appreciation makes imported goods and services cheaper, it makes domestic goods and services more expensive for foreign consumers. A strong currency is bad for exports because it makes the exports more expensive for other countries to purchase and import. Domestic manufacturing and agriculture becomes less competitive because it is more costly for other countries to purchase. These sectors will begin to shrink and support less employees. The workers from these shrinking sectors may be drawn to the resource sectors in a phenomenon called “sectoral reallocation.” The resource sector will begin to hinder the development of other sectors as the economy becomes overly reliant on the natural resources. A country’s industries and sectors will become less diversified and more economically vulnerable. We see how when the price of oil drops, many oil exporting countries are left scrambling. Another issue is the growth of the service sector. Increases in wealth leads to increased spending on the service sector. The real wages of workers in the economy will rise which increases the cost for manufacturing firms to employ workers. Increase labor costs for the manufacturing sector further decreases their competitiveness versus other countries when it comes to exports. Consider how the United States is largely a service based economy. The high wages that manufacturing workers demand versus their peers in other countries means American manufacturing is uncompetitive when compared to the relatively low wages in Asian countries like China and Vietnam. Natural resource exploitation leads to income inequality as the enormous wealth and benefits are concentrated in the hands of the few. While it is true that were will be higher wages, and the service sector will grow, this pales in comparison to the enormous wealth that is concentrated in the hands of just a few of billionaires. Often, natural resources are exploited by foreign multinationals whereby the wealth is taken out of the country. The output of natural resources leads to substantial tax revenues for the government. The government then tends to spend more on public services and entitlement programs. Over time, the government will likely cut other taxes and become overly reliant on oil tax revenues. What happens when oil prices crash, or the supply dries up, and the country can no longer afford its generous benefit programs? Government spending will have to be curtailed whereby taxes are raised and / or expenditures are reduced. This will lead to political and civil turmoil and unrest. There are ways to mitigate Dutch disease. A stabilization fund can be established that saves excess resource revenue for future use. Revenues from exploiting natural resources can be invested into infrastructure and education which promotes economic diversification. Governments should implement prudent fiscal and monetary policy to manage the appreciation of their currency. However, what usually happens is that countries with abundant natural resources end up with corrupt and inept government that squander the wealth, instead of investing it for the day when the natural resources are no longer available. When the natural resources, like oil, dry up, and no longer provide reliable income, the country is left with a small and weak manufacturing export sector that has likely fallen far behind its peers in the rest of the world. It will take many years to catch up with the manufacturing sector in the rest of the world, if ever. In 1959 vast natural gas deposits were discovered in the North Sea which led to the rapid creation of wealth from oil exports. As the Netherlands exported oil, what followed was an influx of foreign currency increasing demand for the guilder, strengthening it. The value of the Dutch currency rapidly rose which made all non-oil products uncompetitive in the world market. Another issue is that gas and oil extraction and processing is a capital-intensive business that generates few jobs. Unemployment spiked from 1.1% in 1970 to 5.1% in 1977. Capital investment decreased. Works Cited: https://www.economist.com/the-economist-explains/2014/11/05/what-dutch-disease-is-and-why-its-bad https://www.economicshelp.org/blog/11977/oil/dutch-disease/ https://corporatefinanceinstitute.com/resources/economics/dutch-disease/ https://www.brookings.edu/blog/future-development/2017/10/31/dutch-disease-an-economic-illness-easy-to-catch-difficult-to-cure/ Tags: dutch disease, dutch disease explained, what is dutch disease, dutch disease in hindi, dutch disease in economics, the dutch disease, dutch disease (hindi), dutch disease explanation, what does dutch disease stand for, dustch disease meaning, disease, what is the dutch disease, the dutch disease debate, dutch desease, dutch disease definition, what does dutch disease mean, duch disease, what is the dutch disease?, what is the meaning of dutch disease, dutch

The service industry “training” scam A common scam in the service industries plays out like this. They will offer someone with little or no experience the opportunity to audition for a job. They will put that person to work for a day, or even a few days. At the end of that time, they will tell the person that they did not pass the audition or test. At this point, they will provide no compensation for your work and time. This audition can take the form of training or trial shifts. The thing is that unpaid training is not a thing in the United States. If you are training, you are an employee during that time and you need to be paid. This unpaid trial or test scam can even be pulled on professionals like lawyers. A person or company will ask them for a court brief for a possible case. The person will say that they are not actually going to trial and refuse to pay for the work. Sometimes the lawyers even find out that the person did use their work in a court case trial. Tags: scam, scams, scam call center, new scams, crypto scam, scam exposed, whatsapp scam, scary new scam, india scam video, new scam, upi scam, otp scam, scam city, scam 2023, scam cult, they tried to scam me, sms scams, scam calls, paytm scam, italy scam, izzet scam, refund scam, btc atm scam, 2023 scams, scam iyanya, double scam, scam in bank, iphone scam, scary, xfinity scam, comcast scam, bitcoin scam, science scam, payment scam, ai voice scam, earning scam

Credit card balances by age group The average American has $5,733 in credit card debt according to TransUnion. Within the age bracket of 18 to 29, there is an average of $2,900 in credit card debt. The average credit card balance has increased by 14.4% over the last year. We are in a dire economic climate despite what people will tell you. Inflation remains stubbornly high and interest rates have risen shaprely. Americans are increasingly turning towards credit cards to keep up with expense. There are record high balances on credit cards at this point. Works Cited: https://www.cnbc.com/2023/06/09/how-much-credit-card-debt-americans-hold-by-age.html Tags: balance transfer credit cards, credit card, credit cards, best balance transfer credit cards, credit card balance transfer, balance transfer credit card, credit cards for beginners, credit card bill, credit cards explained, balance transfer, credit cards 101, how to check credit card balance, best credit cards, best balance transfer credit card, balance transfer cards, 0 balance transfer credit cards, best credit card, when to pay credit card bill

Whole Life Insurance is a Scam There are numerous reasons why whole life insurance only benefits the salesperson who is earning a hefty commission from selling it. It is only a good choice in a very specific and narrow circumstance that would require you to have enormous amounts of wealth you are trying to pass on to your heir in a tax efficient manner. Whole life insurance is significantly more expensive than term life. The cash value grows slowly. There is no flexibility to adjust the premium and there is limited ability to adjust the death benefit. Part of the premiums you are paying for your whole life policy are going towards a savings component which is called the cash value. This piece is invested with a guaranteed return and can be borrowed against or withdrawn, tax free. However, you can almost certainly make better investment returns in the stock market with diversified and relatively safe vehicles like the S&P 500 or a target date fund. Do not commingle your life insurance with your investments. There is really only one narrow set of circumstances where it could make sense to have whole life insurance. Whole lie is overpriced unless you have over $100 million and are targeting specific tax loopholes to transfer wealth to your heirs. Whole life insurance can bypass the inheritance tax Whole life has some of the highest commissions for salespeople which is why they push it so hard. If you need life insurance, consider term life insurance to cover the time period between when you don’t have a nest egg saved up and until your children are able to live on their own without your financial support. Whole life insurance is really only good for the salesman that can make a quick and large commission by preying off financially illiterate people. Works Cited: https://www.investopedia.com/terms/w/wholelife.asp Tags: life insurance, whole life insurance, term life insurance, insurance, life insurance sales, whole life insurance explained, what is term life insurance, life insurance explained, term vs whole life insurance, term insurance, life insurance 101, life insurance agent, why is whole life insurance bad, term insurance vs whole life, why is whole life insurance a bad idea, personal finance, personal finance tips, personal finance management, personal finance 101, personal finance basics, personal finance for beginners, finance, personal finance advice, personal finances, personal finance club, personal finance laws, personal finance excel, personal finance rules, what is personal finance, personal finance canada, personal finance lessons, steps for personal finance

One of the largest swamps in the world is in the southeast corner of Georgia. An Alabama company called Twin Pines Minerals LLC is planning to mine titanium dioxide here because it is easier to extract than elsewhere. This part of Georgia desperately needs jobs as it is impoverished. The company claims the mine will not harm the swamp. Environmental groups and democrats are fighting the proposal. The mine would cost $300 million for its initial phase and lead to 400 jobs. The Supreme Court recently limited the scope of the Clean Water Act and its application to private property and wet land. Twin Pines Minerals bought land near the swamp. What they will do is load sand onto a conveyor belt and then take it to a plant to extract minerals. The sand will ultimately be returned to the site. The mining should largely be safe, and even quiet. Most of the 12,500 people of Charlton County are poor. The mine would be on a 582 acre site. The maximum mine depth will only be 50 feet. It will all be done on privately held land and it will not impact the swamps water level. It is my opinion that the project should proceed and will not harm the environment. Works Cited: https://www.wsj.com/articles/a-300-million-titanium-mine-proposal-could-reshape-georgias-swamp-country-c32c110?mod=lead_feature_below_a_pos1 Tags: okefenokee national wildlife refuge, okefenokee, national wildlife refuge, okefenokee national wildlife refuge (protected site), national wildlife refuge (park system), wildlife, okefenokee swamp, okefenokee wildlife refuge, wildlife refuge, okenfenokee wildlife refuge, #national wildlife refuge, okfenokee wildlife refuge, titanium dioxide, titanium dioxide in tampons, zinc oxide vs titanium dioxide, mix titanium dioxide, pre mix titanium dioxide, mixing titanium dioxide, titanium dioxide in soap, titanium dioxide tampons, all about titanium dioxide, disperse titanium dioxide, titanium dioxide in cement, more about titanium dioxide, pre mixing titanium dioxide, premixing titanium dioxide, is titanium dioxide harmful, titanium dioxide sunscreen

The big bump that allowed China to dethrone Japan as the world’s largest auto exporter was exports to Russia. In the first quarter of 2023, China exported 1.07 million vehicles which represents a 58% increase versus last year. Japan shipped 950,000 vehicles in the same period. Sanctions on Russia limited what the country could import leading them to turn towards China. Vehicles and auto parts exports from China to Russia tripped over the previous year. Russia has become the top destination for Chinese auto exports. 35% of the world’s EV exports come from China versus 25% in 2021. This number will continue to rise as the world shifts towards EVs and China continues to capture an increasing share of that demand. Works Cited: https://www.wsj.com/articles/your-next-electric-vehicle-could-be-made-in-china-a288ab58?mod=article_inline Tags: china, auto export, export, china's auto market, china's own auto brand, auto exports, auto, china auto show, car exports, export volume, auto industry, electric cars china, china ev, china car, made in china, automobile exports, vehicle exports, chinese auto, electric mobility china, china uncensored, exporter, tesla china factory, ev china, byd china, electric mobility germany china, ev in china, us vs china, china news, china cars, tesla china, byd in china