look
I don't have the big diesel truck, I don't have the fancy smartphone with the big data plan, I don't have the 50" TV with subs to all the streams.
I do have the emergency fund.
People made their own choices what they were going to use their money for.
The ones who are "out of touch" are the ones that thought they could keep spending at or beyond their means and think that nothing bad would happen.
If that category of retards is 80%, so be it.
Certainly some people are in that situation because of spending beyond their means. Most people on the other hand hustle just to cover basic expenses. Living in America ain't cheap. Some people recently out of work here are already contemplating suicide out of shame for not being able to feed their families. Were they over-spenders? Hell no. They lived broke, and they will die broke. Just like millions of Americans. Dismissing 80% of the American population as being frivolous in their spending habits is lazy. So they lived broke all their life, yet they decided they could afford to have kids (which is probably one of the more expensive decisions a person can make)... and you say they are not over-spenders? |
|
|
|
Observing $6,375 & eating lots of junk food at home, self isolating. Just had my gardener do 3 hours of work, he’s probably not supposed to be working but fuck if I’m expected to garden, no thanks.
gardening is actually pretty relaxing, and good for your health too. you're basically paying people to have fun and exercise. Agreed. Right now I would even pay to be on my garden doing it. C'on LFC give it go! You won't find a better time than this! (Mind the tools though  ) |
|
|
|
United States 101,508 Coronavirus Cases
150K by Monday night GMT 300K+ by next weekend. low. Most probably. That's what the "+" sign accounts for 300-600K if I had to give a wider estimation. But it will depend more on testing regime than actual infections, mind you. |
|
|
|
United States 101,508 Coronavirus Cases
150K by Monday night GMT 300K+ by next weekend. |
|
|
|
https://twitter.com/mitchellvii/status/1238115870355972096"At it's height, COVID-19 infected .006% of the Chinese population. And it had a big head start before draconian prevention measures were put into place. It may have been spreading for months before anyone knew it existed. .006% of the US population is 21,000."  Quoting for around 3/27. Feel like making a bet on how things will develop? I would be willing to bet you by 3/27 that Covbull deaths have not reached 90k which is about what worldometer has for the flu deaths so far this year. Giving covbull 2 weeks to catch up should be childs play if its really all that deadly and infectious with no vaccine. The cited number was 21k. It should be about there. And if it does, then it will be over 100k a few weeks later. Well then... Don't try to argue numbers with Lambie. He just don't want to hear... He is continuously comparing snake bites deaths with coronavirus ones... while ignoring that the real figure of deaths by snake bite in USA is whoooping LESS THAN A DOZEN A *YEAR*. Nuff said. |
|
|
|
The media manipulation throughout this whole thing has been ridiculous. What ever happened to "you can't shout 'fire' in a crowded theater"?
What will be the way forward to stop this crap? How do we decentralize the media and encourage truth instead of hype?
In what way do you think media should be telling "the truth instead of hype"? Most I see being published are hard numbers of infections, deaths, ICU occupation levels, morgues being made from repurposed ice rinks, etc etc... Do you think it would be better to censorship media? How would that be decentralisation? |
|
|
|
Ah ah I can do that. Chloroquine not so sure, I take some heart medication, although my heart is not failing it's just a bit irregular, and Chloroquine is bad for that. It's hidroxycloroquine what they are using. It's less toxic than cloroquine... but still has a good amount of side effects. It's safer to just try to not get exposed to the virus. |
|
|
|
I am saying that $1million worth of bitcoin can be presumed to generate $3,333 in passive income as an ongoing and persistent withdrawal rate that is NOT going to deplete the principle.
Of course, your valuation of your BTC should be at the bottom of the price swing and not at the top in order to be prudent and practical, but I have no reason to doubt that bitcoin is NOT going to be able to generate, on average, a 4% per year amount.
So currently, I am thinking that we could presume the BTC price bottom to be somewhere between $3k and $5k (let's just say $4k for ease of calculation).. but in 3-5 years, hopefully a reasonable BTC bottom would be decently well above $30k.
So, today, in order to have a $1million dollar value in your bitcoin stash, then yeah, you would need to have 250BTC ($1million/$4k). So, maybe I was being a bit overly optimistic with asserting that 10BTC would be sufficient, because presuming a bottom of $100k seems a bit premature. So if we project a possible bottom of $30k in 3-5 years, then that would be 33.33BTC... but maybe in 8-10 years, we could presume well over a $100k bottom?
I don't see any real logical reason to assert that any of us would be reasonable with just hanging onto our BTC when they will be able to generate a sufficient passive income for us. And, currently $3,333 seems to be enough for you, and if $2k is really enough for you, then you won't need as many BTC. If you have $600k worth of value, then you can generate $2k per month from that. That is $600k * 4% = $24k/12= $2k.,
At current projected bottom BTC prices of $4k, $600k would be 150BTC. In 3-5 years when our bottom is $30k, then that would be 20BTC, and in 8-10 years, when our bottom is above $100k, then that would be a mere 6BTC.
4% should be a sustainable withdrawal rate without depleting principle.
But you insist in extracting those $2K from the capital (or current net worth) instead from just the working salary (or universal income instead). As I said, I could replace the salary and stop working for money if I received those $2k/month in ADDITION to whatever returns I could get from my capital (which includes the BTC). In the case you are assuming, even if I could perfectly live with those $2K (where I live it's cheap, my main home is fully paid and no one depends on me) if that were my ONLY income (ie, not even capital rents or gains) then I would probably not stop working (for a salary)... because... higher goals you know. About BTC reaching $100K or even $30K as a BOTTOM in less than 10 years? Well, let's see when we are there... Too good to be true, even though I do believe there is a good chance of that happening. Also the 4% yearly withdrawal rate assumes price will keep raising at a rate more than 4% higher than inflation after the price goal has been achieved. Which, even if probable, it is not guaranteed either. |
|
|
|
UK Chancellor just said self employed people will get up to 80% of their earnings but we have to wait until June.
It’ll be a 3 month pay out back dated to now so 3 x 80% what you earn.
It’s a good thing I have a couple of streams of income.
What would, for example a self employed electrician do who isn’t getting any jobs now. ‘Don’t worry, we’ll pay you in June’.
All this whilst teachers are off work until September on 80-100% pay. Farcical by the UK Government.
I thought Boris might have considered the introduction of a temporary Universal Basic Income, but that doesn't seem to have gained any traction. I always thought it could never happen in US but that $2k universal payout could be embryonic. I think I could comfortably retire right now with those $2k/month (if tax free). But I guess that's like peanuts in the US and maybe even in the UK, isn't it? Will they have any additional requirement like not having any other assets or previous savings? Or it is just "free money for all" as soon as you don't have a "working salary"? I doubt anything like that would happen here... but we are living a in crazy world already, so who knows.... Does that mean that your BTC accumulation goal is less than $1million? Remember $1million in BTC can generate about $3,333 per month in passive income, which surely you should be able to figure out how to get $2k out of that, even after taxes.. hahahahaha Remember in a lot of my posts, I was assuming $2million in BTC, just to have a cushion, so maybe that is kind of an American centric viewpoint, but even in america, there is going to be a decent amount of regional variation so $6,667 per month of passive income will NOT cut it in all locations, unless you are more scrutinizing with your budget. Anyhow, gosh, less than $1million as a BTC goal could be quite reachable in the coming year to 4 years, and with merely 10 BTC or so.. Of course, we have to be thinking about the BTC dips, not just the peaks, too, because who the fuck should be striving to take all of their money out of BTC and then get stuck with all of your assets in dollars and then your nestegg maybe end up getting deflated to peanuts. No, I mean $2k a month, tax free, for my daily expenses... but I get to keep my current assets which also includes my BTC. I just say I would stop working for a salary if I had $2k/month guaranteed in addition to my current net worth. Anyway, that's not going to happen. I guess I was just commenting on the absurdity of free money. |
|
|
|
Well, it does look like political pull *does* have a limit:
Cruise lines get nothing from the US bailout.
Good. The Fuckers can see if they can get a bailout from Liberia.
It makes sense. How were they expecting a bailout from US if they pay their taxes in other places? THAT would make no sense. In fact I don't even think the cruise lines were expecting anything... It's probably just a Trump argument to "show" how "tough" he is... Maybe next he will say there will be no airdrop for other countries citizens. |
|
|
|
UK Chancellor just said self employed people will get up to 80% of their earnings but we have to wait until June.
It’ll be a 3 month pay out back dated to now so 3 x 80% what you earn.
It’s a good thing I have a couple of streams of income.
What would, for example a self employed electrician do who isn’t getting any jobs now. ‘Don’t worry, we’ll pay you in June’.
All this whilst teachers are off work until September on 80-100% pay. Farcical by the UK Government.
I thought Boris might have considered the introduction of a temporary Universal Basic Income, but that doesn't seem to have gained any traction. I always thought it could never happen in US but that $2k universal payout could be embryonic. I think I could comfortably retire right now with those $2k/month (if tax free). But I guess that's like peanuts in the US and maybe even in the UK, isn't it? Will they have any additional requirement like not having any other assets or previous savings? Or it is just "free money for all" as soon as you don't have a "working salary"? I doubt anything like that would happen here... but we are living a in crazy world already, so who knows.... |
|
|
|
|
Algo tenemos que estar haciendo muy mal en España. Me refiero a algo más aparte de todo lo obvio y las cosas que van saliendo.
Cada día que salen nuevas estadísticas nuestra evolución es mucho peor que la de cualquier otro país y eso a pesar de tener las restricciones más duras (incluso más que Italia).
Entiendo que por ejemplo Alemania con todas las farmaceuticas y empresas del sector médico que tiene no habrá tenido ningún problema de suministros pero, aún así, su ratio de muertos y la velocidad con que se recuperan sus pacientes no tiene nada que ver con la nuestra. Lo mismo con otros muchos países a pesar de tener un serio problema en cuanto al número de infectados en determinadas áreas.
La única explicación que encuentro es que en casi todos los países están usando el tratamiento con cloroquina y retrovirales de forma generalizada mientras que aquí, aunque no está muy claro, parece que no se está usando NADA?
No sé, todo muy raro, pero ya hace un par de días que empiezo a sospechar que no se trata de una anomalía estadística ni tampoco las diferencias en el muestreo pueden justificar tantas diferencias en la evolución y pronóstico de los infectados.
P.D.: Acabo de hablar con un médico de Huelva y me confirma que SÍ se está utilizando el tratamiento con cloroquina, pero que el problema es la falta de respiradores ya que incluso en sitios con muy pocos infectados, como es Huelva, tampoco había muchos recursos. Hasta ayer, en ese hospital privado, tan sólo tenían seis respiradores... y ayer incautaron uno para llevárselo a Madrid. Y que ya se han dado casos de "triage" en cuanto al acceso a esos respiradores. Menudo puto desastre.
|
|
|
|
It may sound weird at first, but it makes sense. In lack of a better solution, NYC has the rink at Rockefeller Center and probably many others across all the state. Also, instead of building an hospital from scratch like Wuhan did in 10 days. Madrid just repurposed IFEMA Convention Center into a 5000+ bed Hospital in just 2 days: https://elpais.com/elpais/2020/03/22/album/1584868312_266377.htmlThat is just one of MANY pavillions of the complex. Also the repurposed rink morgue is very close to it. On other news, Mexico's President is completely nuts. In a hilarious video staged on some kind of restaurant he encouraged their citizens to go out and socialice even more than ever... because it is good for the economy. “Don’t stop going out—we’re still only in phase one,” López Obrador said. “If you have the means to do it, continue taking your family out to restaurants and diners. That’s what will strengthen the economy.” (In original Spanish it sounds much more encouraging... and hilarious) Maybe he is a Slayer relative? |
|
|
|
No point to enter the stock market until AMZN is also down 40-50% from the top.
I am 80-90% sure that there will be no exceptions longer term.
But... Isn't current scenario and, even more, post-covid one like the perfect environment for Amazon to have even more success? Basically all their divisions are in a surge: - Distribution and online selling of all sort of goods - Cloud computing (AWS) - Video streaming (Amazon Prime Video) - Food distribution (Whole Foods) It is like the perfect company for times like this. While everyone is closing/firing they are hiring instead: https://thehustle.co/03242020-amazon-hiring-labor/ |
|
|
|
Not planning to buyback unless it goes back to $4k which is pretty much impossible.
If you are even 50% sure about this scenario then plz buy some and forget about it, if not then Best of luck for your future endeavors. He has painted himself into a logical corner, and he is not likely to buy back shit, even if BTC prices were to go back to $4,900, it would not be enough for him because he would still be in a loss, and then if prices were to go to $4,500, that would not be enough because it is merely just breaking even for him, and the price could go lower..., and if the prices were to go to $4k, then he would not buy back either because it is too close to $3,850 which means that the price could go lower... etc etc.. Yep. You got the picture. That's why I am only DCA'ing. I just erased my past bad memory. Starting from 2017 in 2020 again.  The only problem I see in that sensible plan... is that this is the second time you become a nocoiner: Are you saying that in 2013, 2014, 2015 and much of 2016, you were not stacking bitcoin? Even if you had stacked a small amount of perhaps $100 per month ($25-ish per week), you could have stacked a decently sized BTC holdings by the end of 2016, no?
I had 2-3 coins in 2013. (or 2014, I know I had them before the crash) I managed to cash out just from the top price $1000. I bought myself an ipad and a nice vacation. Then I told myself how clever I was for dumping that shit at the top. LoL suckers right? Now I am buying back those coins from $6k+, I even bought some at $15k few months ago. That's how I sold low and bought *high. *only for now. This time I know what's going on. ** I also didn't dump shit at $20k, only buying more. Whatever you do now, my only advise is that whatever plan you do decide to follow, you do stick to it no matter what... Otherwise I would not be surprised if you do end being a nocoiner for a third time. |
|
|
|
I'm no conspiracy theorist, I tend to want to see evidence before I even consider anything a possibility, but I tend to be open to see the evidence and make a decision for myself.
I believe there is a Corona virus out there. I believe people are getting sick from it. I believe people have died from it.
My question:
With all of the people that record video of every boring part of their day (planting flowers, eating dinner, walking the dog, etc.), why are there no videos of people in their hospital beds dealing with this virus?
A quick search of Youtube shows that there are several media videos of people talking about how they are sick, but no "Joe blow" sitting in his hospital bed talking about how much it sucks on his Youtube channel.
And on Facebook I see plenty of people talking about how "my friend's dad died from it" or "my friend is a doctor and he's overwhelmed", etc.
But where are the videos? If you know of any, please let me know to ease my confusion. This should be a common thing on Youtube.
This is a good point. Moreover, I'm in contact with a lot of people (including relatives) in Sydney, Brisbane, Tehran, Moscow, Karachi, & Mumbai, and so far no news of any of them being infected by Coronavirus. Am I the only one? Is there any Wall Observer whose relatives got affected by Corona? Not me. But several famous people of my country have already died from it. You can't fake famous people deaths. Well, you can, but... That we still don't directly know of a relative dying from it is coherent with current low numbers of deaths. Give it time. |
|
|
|
Of all the things I lost in life I miss my mind the most.
I'm on track, any word of advise, before I go full wacko? Since yesterday I have imposed a "friends visiting my home ban". I literally told them that when they come to my house, they can forget about the fucking Corona for a sec, or just don't come. So, so much fear. Someone even went as far as to try and compare with the casualties of WWII. I ended up obliterating him in a blink of course, with ~ 37.000 deaths per day, for six consecutive years, every single fucking day (on average). In a 2.3 billion world. 70 years ago. Never imagined WWIII to be like this. Between friends and family. Divide and conquer I guess. Just because your friends are retarded and use very bad comparisons (this is not about current death rate and has never been) doesn't mean you are not retarded too. #nohomo |
|
|
|
... another bottleneck exposed in modern society by the virus, just-in-time funeral services.
I bet Silicon Valley can come up with a funeral home share app for that, with surge pricing to cater for unexpected demand too.
Out of curiosity, how would a non just in time funeral home work? Would they have bodies on stock in case deliverys run out? should be doable if dead bodies are fungible. That's why we need to blockchain all the dead so that we keep traceability and can make sure it is our own dead... before they start cutting some roads like that. |
|
|
|
Probably right. Guess we'll need these.  I was going to add something about a potential food supply outage... but I guess that would even be above my otherwise almost inexistent limits of black humour. |
|
|
|
I bet Silicon Valley can come up with a funeral home share app for that, with surge pricing to cater for unexpected demand too.
How exactly would it deal with the unexpected demand? Could people rent out their homes for funerals and backyards for grave sites? You tuck the phone into the person's pocket, battery overloads, cremation. Looking at the most optimistic death figure predictions... I don't think we have enough samsung phones for that. |
|
|
|
|
Show Posts
