Really late Open Thread Blog

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Sorry guys, forgot what day it is.
Started this on Saturday and just got real busy.
Mullin' over what to do with my dollars. Brother Ron, staunch conservative that he is, finds he has the same problem.
We go 'round an 'round on what to invest in, whether PM, stocks, cash, foreign currency, real estate, or non perishable goods.
The list goes on an on even though we both can dabble a little bit in all of them.
Of course, we're not talking a great sum of money. Neither one of us are buying thousands of acres of farmland (Bill Gates) or golf courses (Trump) or foreign land on top of hugh aquifers (the Bushes).
But I did buy 3 acres of pasture/farmland.
We both remember runs on the banks multiple times since the thirties. And runs on the gas pumps C. 1970s, even runs on toilet paper recently (maybe not a good choice of words though).
We are both afraid to leave it in a bank or CU, not earning any interest.
And we've always been told to have six months salary in savings.
Is that even still a thing?
So maybe some of you here have some suggestions?
Thread is open.

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https://uk.news.yahoo.com/u-send-250-million-weapons-180753693.html

WASHINGTON (AP) — The Biden administration announced Tuesday it will send an additional $250 million in weapons and ammunition to Ukraine as part of its ongoing support of Kyiv’s counteroffensive.

The weapons will be drawn from existing U.S. stockpiles and will include mine-clearing equipment, artillery and rocket rounds, ambulances and medical gear, among other items and spare parts, according to the State Department.

“The package will help Ukrainian forces on the battlefield and support its air defenses as Russia continues to launch brutal, brutal strikes against the people of Ukraine, including attacks this past week,” White House spokeswoman Karine Jean-Pierre said Tuesday.

The State Department said the package contained AIM-9M missiles for air defense, High Mobility Artillery Rocket System munitions, 155mm and 105mm artillery ammunition and more than 3 million rounds of small arms ammunition.

Good thing they found the bookkeeping error /S

The U.S. would have already run out of funding for the year to provide additional stockpile equipment to Ukraine but earlier this year realized the Pentagon had overvalued the equipment it had already sent, which freed up an additional $6.2 billion in funding.

Ukraine has already received more than $43 billion from the U.S. since Russia invaded last year. Those funds have provided weapons systems like howitzers and millions of rounds of ammunition to fight back against the much larger Russian military. Due to the intense and bloody land war, now in its 18th month, much of the ammunition and weaponry has already been used up.

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usefewersyllables's picture

@humphrey

Start more wars. Profit!

That's it in a nutshell. Once again, our last remaining export is "wholesale death". And here we are, giving it away...

I guess they figure they can make it up in volume, or something.

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14 users have voted.

Twice bitten, permanently shy.

snoopydawg's picture

@usefewersyllables

IMG_6189_0.jpeg

That sums up everything that is wrong with America. Our military blows away anyone it want. Our cops kill over a thousand people every year and yet the leaders are surprised that Americans kill each other in droves and instead of looking into mirrors they blame the guns. But never the societal conditions that keep getting worse every year. Plus all the political BS we are exposed to. I don’t think that figuring out increasing violence in America is rocket science.

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9 users have voted.

The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated communist, but people for whom the distinction between fact and fiction, true and false, no longer exists.
~Hannah Arendt

usefewersyllables's picture

@snoopydawg

It isn’t.

I’ve always said that if it gets to the point that I need a gun to survive, I’ll only need one round for it.

But I’m too cheap for that. At this point, if I don’t get vaporized first, I’ll just wait for the first good crossfire to come- once everyone starts shooting at one another for Reasons. Then I’ll walk into the big-ass middle of it, and let them Freedumb me. Ain’t it great? I’ll save at least a hundred bucks. Win-win!

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8 users have voted.

Twice bitten, permanently shy.

earthling1's picture

@humphrey
Where's my $100.
Do I have to get a swastika tat?
Do I have to spend it on wine, women, and song and blow the rest on frivolous things?

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11 users have voted.

Neither Russia nor China is our enemy.
Neither Iran nor Venezuela are threatening America.
Cuba is a dead horse, stop beating it.

enhydra lutris's picture

@earthling1

Do I have to spend it on wine, women, andsong, and blow. the rest on frivolous things?

be well and have a good one

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10 users have voted.

That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

https://www.bnnbloomberg.ca/japan-warns-china-of-wto-action-as-fukushima...

Bloomberg) -- Japan may take World Trade Organization action against China, which banned all Japanese seafood imports in response to Tokyo’s release of treated wastewater from the wrecked Fukushima nuclear plant into the ocean.

Japanese Foreign Minister Yoshimasa Hayashi said Tuesday the country will take any necessary action at the WTO or other frameworks over China’s move. He also confirmed that a brick was hurled at the Japanese embassy in Beijing, adding to reports of harassment faced by Japanese people and businesses in China.

The Chinese government has staunchly opposed Tokyo’s plan to discharge treated water from the ruined Fukushima nuclear plant even though Japan says it’s safe — a view backed by the International Atomic Energy Agency. Japan started the release last Thursday, sparking retaliation from Chinese authorities.

There’s also been anger and calls for boycotts of Japanese products on Chinese social media. The embassy and schools across China have experienced some sort of harassment, according to a Japanese government official who declined to be named discussing the sensitive issue.

People threw eggs at the embassy building in Beijing, the official said. Others held impromptu protests outside. The mission received several nuisance calls, and received an anonymous delivery of two baskets of chrysanthemums, according to the official. The flowers in Japan are associated with funerals.

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7 users have voted.
enhydra lutris's picture

but I'm sure that is unduly sardonic. You cannot corner the market in anything, so yu are at the risk of the market in everything. Me too.

be well and have a good one

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9 users have voted.

That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

earthling1's picture

@enhydra lutris
Coffins are becoming too expensive for the commoner.
The plain Jane green burial plywood econo models are still three figures.
Just helped grt-granma get her "kit" together; cremation, urn, small chapel, transport, DC paperwork, come to $700.

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9 users have voted.

Neither Russia nor China is our enemy.
Neither Iran nor Venezuela are threatening America.
Cuba is a dead horse, stop beating it.

enhydra lutris's picture

@earthling1

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5 users have voted.

That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

earthling1's picture

@enhydra lutris @enhydra lutris
Turning pasture into arable farm is freakin' hard work.
Good thing we have the time and energy (knock on wood) to get it going.
The heirs are starting to see the value and pitch in and learn.
We are up to 9000 square foot under cultivation.
Target: 15k. 120' x 120'. Plus Fruit and nut
trees.

Edit: your remark went over my head. You meant for Grt-granny. LOL, good point.

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9 users have voted.

Neither Russia nor China is our enemy.
Neither Iran nor Venezuela are threatening America.
Cuba is a dead horse, stop beating it.

Socialprogressive's picture

Like you and your brother, I too am wondering what to do with what few extra dollars I have. I'm looking into putting it into tangible assets like gold or other precious metals that tend to hold their value over time.

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9 users have voted.

I'm great at multi-tasking. I can waste time, be unproductive, and procrastinate all at the same time.

earthling1's picture

@Socialprogressive
seem stable enough.
I just won't put all my eggs in one basket.
I remember FDR prohibited private holdings of gold wayback when.
Diversify is all we can do.
Throw in some ammo, even if you don't own a gun. Future currency.
Thanks for the post.

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8 users have voted.

Neither Russia nor China is our enemy.
Neither Iran nor Venezuela are threatening America.
Cuba is a dead horse, stop beating it.

@earthling1 I am pretty well stocked, on a whim, get some more, now and then.

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7 users have voted.

"We'll know our disinformation program is complete when everything the American public believes is false." ---- William Casey, CIA Director, 1981

I am considering acquiring another property.
A bit of gold, a bit of silver. I do really mean, "a bit".
I am going to cash out a small IRA. I want to put the money to use in purchasing some commodity.
I am not interested in the stock market, leave that to you gamblers.
I am not sure what will hold value if a crash comes, but it is at least physical security to have land, especially land that will grow food, or support a bit of livestock.

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8 users have voted.

"We'll know our disinformation program is complete when everything the American public believes is false." ---- William Casey, CIA Director, 1981

earthling1's picture

@on the cusp
will always be in demand. Obviously, TP will fetch a good return.
Booze and cigarettes prey on the addicted, but in a dog eat dog situation it could feed you barter-wise.
Ammo will be a currency, not firearms.
IMHO.
Thanks for stopping by.

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8 users have voted.

Neither Russia nor China is our enemy.
Neither Iran nor Venezuela are threatening America.
Cuba is a dead horse, stop beating it.

@earthling1 batteries. candles. LED lights.

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5 users have voted.

"We'll know our disinformation program is complete when everything the American public believes is false." ---- William Casey, CIA Director, 1981

earthling1's picture

@on the cusp
but waterproof "striker" matches. The ones you can strike on your levis or a rock.
I stocked up on them.
I'm also stockpiling seasoned Firewood.
It's nice to have a little acreage to do these things.
Everything can be bartered.

up
8 users have voted.

Neither Russia nor China is our enemy.
Neither Iran nor Venezuela are threatening America.
Cuba is a dead horse, stop beating it.

Cooks scrape off the tips into the cook pot. You can be questioned at the store, even required to put your name on a list. Same for Sudafed.
Buy few at a time, buy at different stores.
Crazy times.

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7 users have voted.

"We'll know our disinformation program is complete when everything the American public believes is false." ---- William Casey, CIA Director, 1981

Pluto's Republic's picture

The Great Philosophical texts of China all have a subtle focus in common. They describe the characteristics of an Enlightened Leader and discuss the qualities to look for, should one come along in one's lifetime: An Enlightened Leader leads the way rather than ruling. He sees far into the future and shares that vision with the People. In time, the People take the lead to achieve great accomplishments, themselves. The People find fulfillment and shared satisfaction in what they complete, and are empowered to continue good works that benefit everyone. The greatest Leaders are invisible and the People believe they did it all themselves.

These philosophical works reach back to the very beginnings of Chinese civilization. They remind readers that an Enlightened Leader is a very rare thing, and one may not appear for many lifetimes. So they teach the people how to recognize such a Leader when one does come along. An Enlightened Leader considers the needs of all people, near and far, and concerns himself with harmonious co-existance and shared achievements.

Are we living through a period where an Enlightened Leader has emerged? Xi Jinping is now 70 years old, and writes a record of his experiences every day, When Xi was 11 years old, his family lost everything during the Cultural Revolution, and moved to a rural hamlet. Xi had to work hard and compete with other Chinese students through the National Exams to win a spot in college. He ultimately received a doctorate in government affairs from a prestigious university in Beijing.

After working for government in many different parts of China, Xi Jinping eventually returned to Beijing and Shanghai to work on national policy and international affairs. He was eventually elected President in 2012 by China's parliament. Politicians in China's communist party are servants of the Chinese People. They are not billionaires. Croneyism, nepotism, and bribery in government are heavily punished in modern China. Xi Jinping earns a relatively modest salary and is listed as one of the five lowest paid presidents in the world.

::

There are several, insane, wild eyed, neocon biographies out there right now that demonizes Xi Jinping as a corrupt dictator — which is laughable to anyone who knows how China's vast democratic government operates. These screeds all borrow fictitious details and lies from each other to establish a 'verified' narrative. Xi's life and that of his wife, who was the more well-known of the two for many years, is quite transparent. You can easily rise above the propaganda if you wish. Their daughter, who just graduated from Harvard, does keep a lower profile. Coincidently, Xi has just published his very first biography this month, which is also a matter of public record and the consensus of the thousands who have been part of his life. The biography is being released in dozens of languages simultaneously

Don't get bamboozled like the rest of the West. We need truth-tellers, too. Truth is the only thing that will save this planet, and it is almost unknown in the West.

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11 users have voted.
earthling1's picture

@Pluto's Republic
know the difference between good and evil.
They don't know how to tell the difference in a sea of propaganda.
Thanks for the info.

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9 users have voted.

Neither Russia nor China is our enemy.
Neither Iran nor Venezuela are threatening America.
Cuba is a dead horse, stop beating it.

Sima's picture

Have you thought about using, maybe you already use, an investment service/company? I don't have a lot of money, but what I do have I invest with Ameriprise. Now, my advisor is really good, and really likes the little guy, so the lower limit on investment amount is like, 10k. Other places have much higher 'lower' limits, like 100k.

Anyway, my investments with ameriprise make enough interest that I haven't had to liquidate any of them, at least, yet.

Just a thought Smile

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1 user has voted.

If you're poor now, my friend, then you'll stay poor.
These days, only the rich get given more. -- Martial book 5:81, c. AD 100 or so
Nothing ever changes -- Sima, c. AD 2020 or so