John T. Reed’s news blog

Beijing bought the Solomon Islands, sort of. They are now refusing to let US and allied military ships visit there. . The WSJ says those islands are "strategic citing the 1942 landings on Guadalcanal there. . 1. When we landed there then, the Japanese controlled them. In war, might decides who uses them, not some payment made by someone years before. 2. More importantly, what the hell strategic value does a Sourh Pacific island have in 2022? I keep saying surface navy ships have been obsolete since about 1955 because of long range bombers and missiles. Same applies to needing...

Eat less I recently did an experiment on myself. I weighed about 170 at 5'10". That is pretty good. It is a body mass index of 24.4. Doctors recommend that your BMI be 18 to 24.9. I am 76 years old. I was happy with everything but a minor spare tire or love handles and some belly fat. I figured I would try to eliminate them by reducing food intake. Your meal should look like a deck of cards I just eliminated pieces of food. For example, instead of a hamburger on a bun, I got a plastic knife and...

The article linked below is super. It says crypto is a great help to Argentinians in their hyperinflation, but almost unrecognizable in how they use it versus how American crypto pushers say to use it. .Also, Argentina, seems to have a sort of late Prohibition tolerance of illegal black market use of currencies other than Argentinian pesos..The usefulness of crypto in Argentina’s hyperinflation means next to nothing in today’s possibly pre-hyperinflation America. To me, the meaning is that if and when we get USD hyperinflation, you should quickly try to get informed as to the ability to use crypto in...

Yet another WSJ illogical, anti-home article, this one by Veronica Dagher. Apparently, the Journal haa a required course on anti-logic and “stick to the anti-home” narrative for all new hires to remain consistent. . The headline today is “Home Sellers Worry They Missed Wave.” . Did home prices fall? . No. . So what exactly have they missed? The article’s evidence is that nowadays sellers often have to cut their asking price more than once to sell. Did they cut it below what selling prices were six months ago? No. . So they have not “missed out” on even one...

I never heard about BRRRR until I joined the Reddit group months ago. I bought a copy of the BRRRR book by Brandon Phillips to read it. Uh, it seems to be written by a recent immigrant to the US for whom English is a second language that he has not yet mastered. There is nothing wrong with immigrants, but understanding U.S. real estate investing requires a certain amount of experience with it. One guru had a guy from New Zealand telling us Americans how to invest in real estate. One of his recommendations was to paint the roof of...