This blog is not yet monetized and I am in the process of building it up. Please consider donating to help me in the process. I would greatly appreciate your support! Venmo: @Anthonyallday Bitcoin wallet: 3GrTsRCYCniMioe8pUaK2Sf39f7Vc9zPdM Dogecoin wallet: DAk4gTJRSRExS4Uiy3S9xbRfyr2CnJD5jt Britney Spears has brought to light how her conservatorship has been used against her in a variety of ways. The abuses are egregious to say the least. However, I’m only going to address them from a financial freedom perspective. In a conservatorship, a conservator is appointed to control the financial affairs (and in extreme cases like Britney’s the person’s daily life). This can be used as a positive for people to help family members with a disability, drug or alcohol addiction, or are otherwise incapable of making financial decisions for themselves. In an ideal world, everyone but have the best intentions in handling the financial affairs of a family member who just needed the help. However, we all know that this is not always the case. Britney Spears is the perfect example of how conservatorships can be used to take advantage of people. Because of her episode in 2007, her father Jamie Spears took charge of the conservatorship and made all decisions for her. If he was using the conservatorship moally, he could have ensured that Britney did not spend all her money on illegal substances and gotten her the help she needed. This limitation of financial freedom would’ve been justified as Britney was not in the right mind state to be making big decisions.However, he abused the authority the court gave him and has become very wealthy off of his daughter’s fame and talent. Conservatorships can be a complicated topic in economic policy. They can be used for good, but often times we only hear about them when they are used for bad. Regardless, laws need to change for those who were not capable of making their own decisions, but now are. The limitations on Britney’s financial freedom (not to mention ALL her other freedoms) have been grotesque and need to stop. #FreeBritney
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This blog is not yet monetized and I am in the process of building it up. Please consider donating to help me in the process. I would greatly appreciate your support! Venmo: @Anthonyallday Bitcoin wallet: 3GrTsRCYCniMioe8pUaK2Sf39f7Vc9zPdM Dogecoin wallet: DAk4gTJRSRExS4Uiy3S9xbRfyr2CnJD5jt Social Security was a system of social insurance mainly for retirees implemented under the Franklin D. Roosevelt administration. It has been a staple of American society for generations now. However, we are coming up at a crossroads. The Social Security fund has barely survived by still collecting more in income (in tax revenue and interest) than it gave out. 2022 is expected to be the first year since 1982 that it will not. Without any changes, it would remain that Social Security would give out more payments than it takes in in revenue for the foreseeable future.
Needless to say, the system is not sustainable. No business would be able to survive while spending more than they receive in revenue. The only advantage that Social Security has is that the United States government routinely disregards the national deficit, and the Federal Reserve can print as much money as it so chooses. These two things could keep Social Security going for another decade or two, but realistically, not much longer than that without serious harm to the economy. There have been proposals to privatize Social Security but so far has been no action. I’m not sure a clear solution is in sight. However, it is clear that something needs to happen in order to be fair to the younger generations that I’ve been paying into the Social Security fund and expecttheir payments when it is their turn for retirement. Many companies have shifted most or all of their employees to remote work to combat the COVID-19 pandemic. Of course, the ability to work from home varies from job to job. Now that the pandemic part of COVID-19 is over, there is a serious question of how companies will handle their employees’ location. Working from home has enabled employees to stay home with children, save on commuting costs and time, and have a more flexible work/life balance. It’s not only the employees that benefit though. Companies also save on not renting as much office space, internet speed for many computers, and other business expenses. The COVID-19 did not create a work from home model. The pandemic merely accelerated it. Technology has been capable of accommodating work from home for years now. It is just a matter of establishing new cultural norms. As silly as it may seem, one of the most popular shows ever is called The Office. Additionally, can anyone imagine if George Bailey managed his bank from home? TV shows and movies have an impact in how people see norms, even if only subconsciously. Whether the culture or the reality comes first, I do not know. However, as long as it makes business sense for companies to keep employees working from home, then they will have a work from home model. Still, some companies value the employee connections, interaction, and more personal relationships with one another. Some companies believe the office dynamic will impact productivity so much so that it is worth the extra costs. So will the United States see a work from home model in the future? Perhaps, but it’s more likely we see closer to a 50/50 split in the long-term. If you like my work, please consider sending a few Satoshis my way, I would greatly appreciate your support! Bitcoin wallet: 3GrTsRCYCniMioe8pUaK2Sf39f7Vc9zPdM Dogecoin wallet: D8T9qTmUzKZtrwKR1S2hAmRhtw5dEzqDsQ The World Bank rejected El Salvador’s request to implement Bitcoin implementation in El Salvador due to concerns about transparency and environmental impact. Bitcoin has been volatile since its beginning, but has more transparency than any fiat currency there is. Case in point: http://www.howmanybitcoinsarethere.com There is no version of this for the US Dollar or any other fiat currency to my knowledge. Secondly, the environmental concerns about bitcoin and cryptocurrency in general seem overstated. Elon Musk, as much as he is a free market supporter, has been maddening lately: flip flopping almost as much as the WHO. It’s almost as if he has some incentive to change his mind and is making money in the process of doing so. Regardless, the World Bank can’t help El Salvador implement a Bitcoin standard. Doing so would go against Central Banks, including the Federal Reserve. They need US Dollar inflation in order to keep the middle class down. What stops this vicious cycle of a constant decrease of purchasing power? Bitcoin. I’m not surprised the World Bank refused to he lp El Salvador. Globalists, government officials, and the elite class have had no problem accepting that Bitcoin is the future. What they didn’t realize is the future was a lot sooner than they thought. Bitcoin is now the present. If you like my work, please consider sending a few Satoshis my way, I would greatly appreciate your support! Bitcoin wallet: 3GrTsRCYCniMioe8pUaK2Sf39f7Vc9zPdM Dogecoin wallet: DAk4gTJRSRExS4Uiy3S9xbRfyr2CnJD5jt Rumors have been circulating that BlackRock has been gobbling up real estate by bidding over 25% on houses. Corporations are referred to as “smart money” for a reason. My best guess would be that BlackRock realizes that there is no reason to hold onto cash anymore because inflation is going to skyrocket.
Then again, why would they buy housing units when expecting a crash? Likely because they expect rent prices to keep up with inflation and history shows that they generally have. Regardless, a corporation buying housing units well above the asking price shows sketchy, unethical intents. I, for one, do not have a great feeling about this. I don’t exactly know what BlackRock is up to, but I would guess it’s not for your gain. It’s probably for their gain and harming the middle class in the process. The investment firm is stopping homeownership numbers from rising and even worse will expect (and receive) a bailout from the government when it all goes downhill. I support the free market as much as anyone, but this is crony capitalism beyond the free market realm, especially when the bailouts come. And we all know bailouts will come. If you like my work, please consider sending a few Satoshis my way, I would greatly appreciate your support! Bitcoin wallet: 3GrTsRCYCniMioe8pUaK2Sf39f7Vc9zPdM Dogecoin wallet: D8T9qTmUzKZtrwKR1S2hAmRhtw5dEzqDsQ There’s an ongoing saga on GameStop and AMC. Perhaps the biggest element of this is game theory. The stock market (for traders, not investors) is all one game theory scheme. Bears and bulls are constantly battling to gain control. This brings me to GameStop and AMC. If retail investors all decided on a price collectively, (note: this would be collusion) they could probably obtain it if it was within bounds. However, some take their gains early than others. Not to mention the short sellers and those bearish on the stocks attacking it with short sells, loading up on put options, and using other bearish strategies. The fundamentals of trading can be explained by game theory. One must always anticipate the other side’s actions. Another key element is to notice which side is winning and react quickly. The best traders have no bull or bear bias, just money bias. |
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