If you must hold fiat, then AED (the United Arab Emirates dirham) and SGD (the Singapore dollar) are probably your best options.
Both run on their own sovereign rails, can handle large capital flows, and are built for a global audience.
(Not investment advice, just my personal opinion.)
Dear Sri lanka man with white wife @chamath . I possession much respect for you finance wisdom. But I hope I add little knowledge for your big wisdom brain. Imagine this:
China in 1960. Mao ZeDong in control. Million chinese stave to death. Little food. Mao tell chinese take that little food and export to other country to pretend China strong and rich. Result? More millions chinese die from no food. Nobody revolution.
The problem you list are only problem for America people. For chinese, those problems not as big deal. Chinese too obedient for authority. This be in our history for many thousand years. Very hard for break
If America want beat China, only way for do this be isolate China. Punish any country that trade with China. Do this for long term until new more progressive chinese government come in power, and they more willing negotiate.
Also, I go Sri lanka before. Much good fish. I catch much. Sorry if you back home and can not find fish. I eat them all. Sorry.
JUST IN: The Trump administration has put a 10% tariff on the Heard Island and McDonald which has a population of 0 people and is inhabited only by penguins, per NYP
🚨COUP UPDATES: Wagner with the National Guard & Russian Military TAKE OVER Russian Military HQ In Rostov
Tensions rise in Russia as the Southern Russian Military District Headquarters in Rostov is surrounded by armed military personnel.
The surrounding military personnel, which includes tanks pointing towards the headquarters, are elements of Wagner group but also some of the soldiers are wearing Russian National Guard patches accompanied by National Guard/Military trucks.
Many soldiers have confirmed to be a part of Wagner group.
This most likely indicates that factions of the Russian military as well as the National Guard, which is the MOST LOYAL to Putin, have DEFECTED to Wagner as part of the ongoing coup.
Furthermore, the Southern Russian Military District has NUCLEAR WEAPONS within it’s realm of responsibility. Now this does not mean that they’re easily accessible, however it does mean that too much chaos in the chain of command could POTENTIALLY have a very sinister outcome.
We’ve also received UNCONFIRMED reports of multiple Defense Ministry units involved in the Ukraine war are moving under Prigozhin's command, with commanders Shoigu and Gerasimov (both loyal to Putin and report directly to the President) reportedly being removed from power.
What is also rather concerning is that we’ve heard nothing NOTHING from Putin.
Could this mean that both Wagner and factions of the Russian military and National Guard have colluded in order to pull of this ongoing and rapidly evolving coup?
The repercussions of this would be unimaginable, as if successful, Prigozhin, the head of Wagner, would gain a considerable amount of power, possibly even NUCLEAR power.
(Updates BEING Shared In Current Space & Being Added Live in Thread BELOW)
In the back of a comedy club, a struggling comedian got a chance to talk to Jerry Seinfeld.
He said he’d been struggling and sacrificing for about 10 years to “make it” as a comedian. Approaching his 30s, he was worried he’d taken the wrong path.
Seinfeld gave him this advice:
“This [pointing at the stage] is such a special thing,” Seinfeld says. “This has nothing to do with ‘making it.’”
“But did you ever stop and compare your life?” the struggling comedian says. “I see my friends, and they’re making a lot of money. They’re moving up. They’re all married. They’re all having kids. They have houses. They have a sense of normality.”
Seinfeld makes a disgusted face and then says, “let me tell you a story. This is my favorite story about show business.”
“Glenn Miller's orchestra is doing a gig...They can't land the plane because it's winter, a snowy night—they have to land in this field and walk to the gig.
They're dressed in their suits. They’re carrying their instruments. They’re walking through the snow—it's wet and slushy.
And in the distance they see this little house…They go up to the house and look in the window.
Inside they see this family.
There's a guy and his wife—she’s beautiful. There's two kids, and they're all sitting around the table. They’re smiling. They're laughing. There's a fire in the fireplace...
These guys are standing there in their suits. They're wet and shivering, holding their instruments, and they're watching this incredible Norman Rockwell scene.
And one guy turns to another guy and goes, 'How do people live like that?'
That's what it's about.”
Takeaway 1:
Comparison, it is said, is the thief of joy.
James Altucher has written about a cure for comparison.
Usually, when we compare ourselves to someone, we compare ourselves to a select few aspects of their life (their house, their good looks, or their professional success, etc.).
Instead, James writes, “picture that you can change places in every way with them. But then it’s forever...Would you do it.”
Usually—as Seinfeld’s story illustrates—the answer is…no, you wouldn’t want their whole life.
Takeaway 2:
One of the differences between Seinfeld and the struggling comedian is the way in which they view comedy.
The struggling comedian sees comedy as a means to some end—there’s some amount of money or celebrity that would make him feel like he “made it.”
For Seinfeld, comedy is an end in itself. “[It] has nothing to do with ‘making it,’” as he said.
For Seinfeld, as Ryan Holiday once told me, “The work is the win.”
- - -
“The set I get to do tonight at 7:20 PM is the win. I get to do comedy—I won. It being predicated on doing X or being bigger than Y—no, no, no. To me, it’s always just been about the work. I’m on house money, full-time.” — Hasan Minhaj
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