John T. Reed’s news blog

Looking through our dollar-denominated assets, I found an envelope of EE savings bonds. I need to take them to my local bank and cash them in. I have not done that yet, but seems straight forward..Imagine having to get them out of the safe deposit box then go to a bank and wait for a teller to help then filling out forms while prices in the stores around the bank were going up by the minute..We are also moving a bunch of dollar-denominated accounts to Schwab were my initial inclination is to put them into the Schwab 1000 Index Fund...

We have a certificate of deposit I would like to get rid of because it is dollar-denominated. There is a penalty for early withdrawal. People are extremely conscious of such penalties. Another is the one for withdrawing from an IRA or 401(k)..Let me inform you of the PENALTY FOR LATE WITHDRAWAL. If we get hyperinflation, your dollar-denominated certificate of deposit or dollar-denominated retirement account will become worthless or worth too little to matter. So the penalty for LATE withdrawal is 100%..The penalty for early withdrawal is guaranteed, as is the amount you get if you wait until maturity. But that relates...

With a few exceptions like Mark Levin, Americans have collectively lost their minds regarding the cost of our current quarantine-the-320-million-healthy-and-not-at-risk-age-groups policy..The last figure I heard was that we are putting an extra $4T on the national debt this year..Does anyone realize that is a loan—borrowing? Who is supposed to pay it back? Everyone in America seems to think “Not me.” The implicit answer is our grandchildren and their children. How much are we raising the taxes on current old-enough-to-vote people to start paying down our debt? Zero. No politician would even think about making the current borrowers of these huge...

The Salk polio vaccine was invented when I was in elementary school. As I recall, it was given to all kids ASAP. My brother-in-law got polio after the vaccine was invented. His parents said they were overseas and the vaccine was not available there. I would have sent him to wherever he needed to go to get it..When my oldest son went to China in High school, I researched that. I learned that he should get a special meningitis vaccination. The doctors resisted. I insisted. They special ordered it. He got it..I also told him to never drink the water...

https://examples.yourdictionary.com/post-hoc-ergo-propter-h….The little stick figure comic strip in the link above is both funny and accurate. The male stick figure says, “I used to think correlation implied causation, then I took a statistics class. Now I don’t.” The female says “Sounds like the class helped.” “Well, maybe,” say the male stick figure..Precisely, after which does not prove because of which..Dr. Mark Siegel of Fox News told a dramatic story of a 95-year old man with covid 19 who seemed to be at death’s door, then he took hydroxy chloroquine and suddenly got better. Siegel then revealed it was his father..So that proves...