As we stumble on into increasingly challenging economic and financial conditions, individuals everywhere have good cause to question the viability of their financial assets. Unprecedented money printing by the Federal Reserve is already impacting the value of the dollar, while inflating the value of real (tangible) assets like homes, farmland, and basic commodities.
Should have bought more! That’s a regret that often accompanies a successful investment. Bitcoin investors have been experiencing that feeling in spades, as BTC recorded back-to-back doubles over two consecutive 4.5-month periods, to an all-time high $19857 on November 30.
Spurred by the prospect of no longer having to deal with Donald Trump’s “America First” policies, movement to digital currency (DC) and a cashless world is accelerating in Europe, Canada and China. DC will allow offshore and private money to be hunted down for taxation, while allowing governments to track and control citizens who spend it.
As we enter COVID-19s so-called “second wave,” lockdown-mania is intensifying. In Italy you can now be imprisoned for 6 years for breaking quarantine. Proof of vaccination is being required to fly, or to attend events. California’s governor attempted to lock-down 94% of its population; Pennsylvania has mandated masks inside homes; and New York City established “COVID checkpoints” to catch and fine NYC travelers who violate quarantine.
We’re being “treated” to the most intriguing display of political strategy and power since the 1860’s Civil War and perhaps the most important since the founding of the United States 230 years ago. Instead of fighting over slavery, we’re fighting for our right to survive as a republic.
If you or a loved one are among the millions of Americans losing employment, we extend our heartfelt sympathy and best wishes for rapid re-employment. Since you may now need to deal as an individual with medical coverage, we’re expanding below on some alternative means of obtaining coverage at a reasonable cost.
“I don’t have to tell you things are bad, everybody knows things are bad. It’s a depression. Everybody’s out of work or scared of losing their job.” Thus did Peter Finch in the 1976 movie classic Network define the day. He then prompted viewers to “get mad,” open their windows and shout “I’m mad as hell and I’m not going to take it anymore!”
The COVID-19 (“C-19”) virus originated in Wuhan, China, where the first network employing 5G technology recently became fully operational. Dr. Thomas Cowan speculated that the virus is a result of exposing human organisms to this new electromagnetic energy, noting that the Spanish Flu in 1917 and the 1968 Hong Kong Flu epidemics occurred under similar circumstances—following introduction of radio and radioactive satellites, respectively.
Most readers will recognize the name “Wuhan, China” as ground zero from which the Coronavirus allegedly emerged. An interesting fact about Wuhan is that it is one of a number of Chinese cities in which 5G technology is installed. Wuhan became a fully functional 5G pilot city last fall, following the installation of 3000 macro base stations and 27,000 micro base stations.
As if ongoing U.S. political turmoil wasn’t enough, chaos hit the markets.
Common stocks. In what appears to be a “pause in trend,” stock markets everywhere were hit hard last week. The U.S. Dow-Jones Industrial average dropped 14%—from a Feb.