Wednesday, October 16, 2024

#290 / 2, 4, 6, 8 - Why Don't We All Speculate?

 


As we get ever closer to our November 5, 2024, Election Day, let me draw your attention to an article in The Wall Street Journal's "10-Point," a daily newsletter that alerts subscribers to what The Journal thinks are the most important news items of the day. 

The item shown above, in a screenshot taken from my computer, was published on July 29, 2024. The link from the article, as shown above, won't do much for you if you click it, since it's just a screenshot. If you want to read about the bitcoin believers who loved what Donald Trump had to say about bitcoin, click right here. Of course, The Journal may well have imposed an impenetrable paywall, frustrating your efforts (if you are a non-subscriber). If that's true, my apologies, but I hope you'll blame The Journal, not me. 

I also want to provide you with one more link about candidate Trump's decision to throw his support to the bitcoin crowd. This link, too, may be protected by a paywall, but if it works for you, it will take you to an article titled, "Trump promises crypto bros he’ll set the creator of Silk Road free if elected. That’s a terrible idea." This one is from the San Farncisco Chronicle, published on Sunday, September 15, 2024.

Since our former president has now promised to invest taxpayer dollars in bitcoin, I thought I would remind you of my own views. Clicking this link will provide you with lots of references to arguments against what Mr. Trump is promising. You might note, as well, what The Washington Post says in an article from its August 3, 2024, edition, and in another article from August 8, 2024. The New York Times, in a column published on August 12, 2024, used the same word I am highlighting below.

Here's the key word from that August 3rd headline in The Washington Post (and from the headline in The Times, nine days later, in the hard copy version of the paper): 

Beware!

This is good advice for those who would like to protect the value of their money. And.... one more reason not to vote for Mr. Trump!


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