Monday, December 21, 2020
Updated chart of Texas Coronavirus Daily Deaths and Daily Hospitalizations AS OF 2020/12/20
Tuesday, December 8, 2020
Living the Life of Riley....or not
When we lived in Germany the first time in 2005-2006, we had Canadians living below us. The husband was being paid in US Dollars and apparently, his salary and perks were very nice. I, on the other hand, was getting paid in British Pounds. The money would be deposited in my American Chase Bank account and would be converted to US dollars.
Below is a chart of the dollar against the British Pound. You’ll
notice the Pound strengthened against the dollar the whole time we were
there.
So, everytime I got paid, I essentially got a raise! The amount of dollars deposited into my American
bank account got bigger and bigger each month!
It was sweet! It was good news! If you look at the clip of the GBPUSD chart, the rectangular area was the time I was in Germany with a couple of months at the beginning I was in the UK.
| British Pound vs US Dollar |
But…the bad news was our downstairs Canadian neighbor who was being paid in US Dollars saw his pay check shrink and
shrink….and shrink against the Euro . They had originally
rented the ENTIRE downstairs. But it
became unaffordable, so they got rid of one side and lived in only one apartment,
like we were. Granted, it was certainly
big enough for us, so I’m certain it was more than big enough for them.
The Canadian approached his German employer
several times imploring them to allow his salary to be paid in euros, but they wouldn’t do
it. Even though it was becoming cheaper
and cheaper for them to keep him! How
stupid! Eventually, with funds becoming
exhausted, he quit and got a job back in Canada.
Tale of the shrinking salary
Now fast forward to 2014 when I
went to Seoul to work on a project as a contractor. But this time I was being
paid in Euros. And....this time I wasn’t
getting a raise. I was getting a pay
cut!! This is what the Euro was doing against the dollar then:
So, I found myself in the same boat
as my Canadian friend. What was I to do? There were three answers: 1) quit, 2) renegotiate a new higher salary…3) or get really smart. So, I decided the last route first to see
what I could do.
I figured I could “hedge” my
salary. I put money in a leveraged
inverse Euro fund. So, even as my salary decreased each month, the money I put
in the inverse leveraged fund…WENT UP!
The name of the fund is EUO. I put some money into the fund through my brokerage
account in August of 2014 (it may have been July). And this is what the fund did:
| Euro Proshares UltraShort Fund |
It went up almost 22% in those
months. It’s a leveraged fund so that
for every 1% the Euro when down in value, the EUO fund went UP 2%!! Sweet!!!
What made the difference?
It was really, really easy. The one
thing I had that was critical were
good Elliott Wave Charts to guide me to what the future was going to hold. Without that, I was shooting in the dark.
I have found Elliott Wave Theory to
make the difference between crawling around in the dark and seeing a light at
the end of the tunnel (or…did I just die?
Should I follow the light?)
The real moral of the story:
This taught me an important lesson. I no longer had fear. I could work anywhere in the world, get paid in any currency and not fear losing money. Now, when I work overseas, I can work hard and afterward, hit the pub, grab a beer....and enjoy the rich culture of where ever I am!!
Saturday, October 24, 2020
California to secede?
- Secession will be bankrolled by China
- Millions of illegal aliens will be recruited in their army
Sunday, October 4, 2020
California Is a Cautionary Tale for America
The governor and his party always view the private sector as a threat and the government as a solution. Yet everything our government touches turns into disaster. The government controls road and freeway construction, yet our roads are clogged, as state officials impose "road diets" that eliminate traffic lanes and focus on bicycle paths. They continue to squander billions of dollars on the High Speed Rail line to nowhere. California's public-sector pay deals are eye popping. Localities continually cut services so they can pay higher fees to the California Public Employees' Retirement System.
California schools used to be tops, but—despite significant growth in their budgets—have stagnant test scores. The state's educational bright spot has been its charter schools, which provide needed competition to traditional monopoly schools. Yet after Gov. Jerry Brown, a charter supporter, left office, the new crowd has passed teachers'-union-backed laws that restrict their growth and force poor kids to stay in rotten districts.
California isn't the only state with problems, but most of them are the result of government inefficiency and malfeasance. California just happens to have the biggest state government—and it's run almost entirely by lawmakers and other officials who refuse to consider non-government approaches. Their solutions are the same as ever: Just raise taxes on the "rich."
Nevertheless, California's leaders brag that our state is the fifth-largest economy and that other states should emulate its model—from banning internal-combustion vehicles to limiting companies' ability to use contractors as workers. I look at the state's failures and crises and have to agree that California is more of a cautionary tale than a model. It's certainly not Detroit, but don't forget that 60 years ago Detroit was one of the nation's great cities.
Wednesday, August 26, 2020
Coincidence? I think not.
Tuesday, August 11, 2020
A New Discrimination Route: The COVID Hoax
California, breaking through 10,000 COVID deaths, recently reported its first death of a “young person” with the passing of a 17-year-old male. Like most, he suffered from a preexisting health condition. Approaching six hundred thousand cases, yet only one confirmed school-age death, disingenuous teacher’s union’s and politicians miraculously deflect “safety of children” as one justification to keep schools shuttered.
....
Back in California, with cameras rolling, Dr. Rais Vohra, Fresno County’s interim public health officer, tearfully recounted the 17-year old’s death. “It’s a huge trauma for everyone…., including the hospital workers who are still coping on this case. I am speechless when it comes to anything that I could say to the family……It just brings home the reality that this is not sparing even the youngest members of our community.”
Really. One dead of over 8.5 million California kids 17 or younger. While nothing can equal the catastrophe of losing a child, the doctor’s tone sounds as if COVID confers exponentially more tragedy than death by mundane seasonal flu, cancer, or getting hit by a city bus.
Would a cancer death have warranted an equally hyperbolic and apocalyptic press briefing highlighted with sensationalized melodrama? A politicized COVID end translates to being victimized by the willful malfeasance of wicked Donald Trump. Liberals narrate that without the White House bungling, all of this cataclysm and economic destruction would have been avoided. Yet when Trump announced the very early January 30 China travel ban, Joe Biden and ilk were swift with stale cries of “xenophobia and fear-mongering.”
Dying by coronavirus becomes a symbol, a logo of martyrdom to rid our country of the real virus, Trump. Hence, leftists and media collaborators promote ideas of “second waves,” tacitly cheer rising fatality counts, and demand ever more economic lockdowns.
Sunday, August 9, 2020
Sweden's battle with Cornoavirus? IT'S OVER. SWEDEN WON!
What I wrote should be the world wide headlines everywhere. Sweden beat the CCP virus. No shutdowns. No arresting people for wearing masks. No "Karens" running around yelling "I HOPE YOU DIE!!!!" at people not wearing masks.
From Dr. Sebastion Rushworth's website:
Covid hit Stockholm like a storm in mid-March. One day I was seeing people with appendicitis and kidney stones, the usual things you see in the emergency room. The next day all those patients were gone and the only thing coming in to the hospital was covid. Practically everyone who was tested had covid, regardless of what the presenting symtom was. People came in with a nose bleed and they had covid. They came in with stomach pain and they had covid.
Then, after a few months, all the covid patients disappeared. It is now four months since the start of the pandemic, and I haven’t seen a single covid patient in over a month.
He doesn't mean there are no CCP virus patients in Sweden. But at the hospital he works at, the patients diagnosed with the virus has virtually stopped.
I am not denying that covid is awful for the people who do get really sick or for the families of the people who die, just as it is awful for the families of people who die of cancer, or influenza, or an opioid overdose. But the size of the response in most of the world (not including Sweden) has been totally disproportionate to the size of the threat.
Sweden ripped the metaphorical band-aid off quickly and got the epidemic over and done with in a short amount of time, while the rest of the world has chosen to try to peel the band-aid off slowly. At present that means Sweden has one of the highest total death rates in the world. But covid is over in Sweden. People have gone back to their normal lives and barely anyone is getting infected any more. I am willing to bet that the countries that have shut down completely will see rates spike when they open up. If that is the case, then there won’t have been any point in shutting down in the first place, because all those countries are going to end up with the same number of dead at the end of the day anyway. Shutting down completely in order to decrease the total number of deaths only makes sense if you are willing to stay shut down until a vaccine is available. That could take years. No country is willing to wait that long.
....except the USA....
The rest of the article is for sure worth reading.
It's time to open up. Let's stop the insanity.