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John T. Reed’s news blog

Wall Street Journal is whispering ‘Fire’ in a crowded theater that IS on fire regarding inflation

Posted by John T. Reed on

I have mentioned before that the Wall Street Journal seems lately to be running a subtle campaign to QUIETLY warn against inflation. I think, like a lot of others knowledgeable enough to recognize the danger, The Journal wants to get on the record having warned readers about the risk of hyperinflation. If and when we get hyperinflation, it will likely be worse than the Depression, still the most traumatic financial event in US history and one of the most traumatic financial political events in North American and European history. Arguably, the Depression led to the rise of Hitler and Mussolini...

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McGurn column on WA State school reclassifying Asian-Americans as white rather than persons of color

Posted by John T. Reed on

Bill McGurn has a fantastic column in today's WSJ: "The Woke 'Model Minority' Myth." Google the title to read it. Chinese are now ‘white,’ not ‘people of color.’ First, the liberals in Washington [name change pending?] State teed this up irresistibly. . North Thurston public schools in Lacey, Washington moved Asian-Americans out of the category of "people of color" and into the "white" category. This would have delighted Chinese-Americans in the yellow journalism era when ‘Yellow Peril” [Chinese immigration into U.S.] was considered an existential national crisis warranting the enactment of the Chinese Exclusion Act of 1882. It would also...

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Reddit people trying to run up the price of silver

Posted by John T. Reed on

So many of the Reddit pump-and-dump children decided to drive the price of silver up. I talk about bitcoin and stock picking because they are too large to ignore, but I have not studied bitcoin and will not—for the same reason I do not study Leprechans. I HAVE studied the stock and bond market a lot, but to learn lessons I could apply to real estate investment, not to invest in bonds (Agh! They are the road to hell in hyperinflation.) or stocks (we have index funds). The different categories of investments have made varying amounts of progress in the...

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Costco in anticipation of hyperinflation

Posted by John T. Reed on

I went to Costco today—to stock up. . It was mobbed but their checkout is very efficient. . Any problems? Yes. I was buying barter items that we will use if somehow there is not hyperinflation or depression. One was I tried to buy four Calgon dishwasher detergent containers. They would only sell me one. . That suggests that other people, who neither read nor wrote my hyperinflation book, are sensing impending financial chaos. Or maybe they regard covid 19 as that. . I also bought a bunch of US Forever stamps. 400 for $219. That is a bit of...

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Dissecting a bullshit artist bitcoin pusher ‘analysis’

Posted by John T. Reed on

Here is an item I posed on my Facebook wall (https://www.facebook.com/johntreed.publishing) “Do not buy bitcoin. It is a will ’o the wisp and if it inflates due to hyperinflation, it will trigger huge capital gains taxes on what is not a real gain. Actually, with bitcoin, nothing is real but the taxes. . “I am about ready not to feel sorry for you bitcoin guys. You are terminally stupid and may deserve what you get given how many warnings you have received.”.And here is one reader’s response:. “I hear you on the taxes. There are a lot of smart people...

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