Fungible Facts

High School Graduate
Yard Man

[Fungible Facts @NCSteveCB]

"Scripture tells you God possesses an unbroken, eternal joy."

"And the Lord was sorry that He had made man on the earth, and He was grieved in His heart. 

So the Lord said, 'I will destroy man whom I have created from the face of the earth, both man and beast, creeping thing and birds of the air, for I am sorry that I have made them'.”
Genesis 6:6-7

[Fungible Facts @NCSteveCB]

@KurtSupeCPA If they are going to cut SS by up to 23% by 2032, the 24% is an illusion.

[Fungible Facts @NCSteveCB]

"The answer is that VERY FEW MDs will ask the above questions."

Sadly, it is worse than that. They will resist the questions. I posted this elsewhere:

"I go to what I call a cookbook cardiologist. He looks a one number. LDL cholesterol. Numbers were fine and he was already planning to put me on another drug should my LDL number go up...even though I have been stable for 10 years.

He has never once asked me about diet, sugar intake or stress levels, and has never discussed whether I should be taking CoQ10 and K2. The word "Inflammation" has never been said.

Here's the whole plan: Look at LDL and prescribe drugs. He is not open to considering any other mechanisms.

Amazing. It is not "knowledge". It is unwavering belief in big Pharma controlled 'research'."

I also have a hometown friend who was an infectious disease doc in the military. He was and remains all in on vaccination for everything, and continues to push the Covid vaccines and flu vaccine to this day.

He aggressively advises others to take them even now. In my view, this is not because of efficacy or research, but because his whole career depends on a fundamental view that vaccines improve human health.

If he considers the alternative, his worldview falls apart...

[Fungible Facts @NCSteveCB]

I've struggled a bit with this for 25 years. Here is where I have landed: Money is simply a means to buy things we need and sometimes want.

We trade money for services or tangibles. It has always been so.The coming reset is reason to speed up the exchange. We need to pull forward our consumption.

People have intuitively done this anyway during times of extreme inflation. To the extent that the tangibles we buy have enduring utility or value to others, so much the better.

It may not be a particularly sophisticated view, but it dumbs it down enough to have an actionable plan...at least in the shorter term.

[Fungible Facts @NCSteveCB]

I go to what I call a cookbook cardiologist. He looks a one number. LDL cholesterol.

Numbers were fine and he was already planning to put me on another drug should my LDL number go up...even though I have been stable for 10 years.

He has never once asked me about diet, sugar intake or stress levels, and has never discussed whether I should be taking CoQ10 and K2. The word "Inflammation" has never been said.

Here's the whole plan: Look at LDL and prescribe drugs. He is not open to considering any other mechanisms.

Amazing. It is not "knowledge". It is unwavering belief in big Pharma controlled "research".

[Fungible Facts @NCSteveCB]

@harryfisherEMTP ...and social security numbers would never be used for identification purposes.

It always starts out this way.

[Fungible Facts @NCSteveCB]

There is no one size fits all solution.

My view is the "safest" solution is to land somewhere in the middle.

None of the traditional advice considers the potential 23% cut coming by 3033...or the fact that if you are a couple collecting two benefits, it makes sense to maximize the time both of you are alive while avoiding the largest penalties. To do this, you arguably should land somewhere in the middle.

Your mileage may vary. Everyone has to assess their personal situation and make their own decision.

https://t.co/1YQnCZ7FbE

[Fungible Facts @NCSteveCB]

I started at 67 and 10 months. I read Laurence J. Kotlikoff's book cover to cover.

After all the study, I made my own decision. Here's the issue I never read about anywhere that is always left out.

The advice is based on an individual's benefit, not a couple's.

If one person dies earlier, you have forgone all those years you could have been collecting two benefits. You will never make that up on one benefit maxed at 70 years of age.

We're pulling two benefits and every year we are both here, we are ahead in the game.

Just a thought. It's never as simple as they say. Your mileage may differ...

[Fungible Facts @NCSteveCB]

There is no one size fits all solution.

My view is the "safest" solution is to land somewhere in the middle.

None of the traditional advice considers the potential 23% cut coming by 3033...or the fact that if you are a couple collecting two benefits, it makes sense to maximize the time both of you are alive while avoiding the largest penalties. To do this, you arguably should land somewhere in the middle.

Your mileage may vary. Everyone has to assess their personal situation and make their own decision.

https://t.co/1YQnCZ7FbE

[Fungible Facts @NCSteveCB]

Yes. Lots of moving parts. It has to come from one pocket or the other. There is no certainty. Actuarial tables are population level and can't tell us much about our own trajectories. Depending on the returns you can generate on your investments, the situation may change. Even that is a calculated decision with no guarantees. No single answer fits everyone. For us, locking in the extra years of collecting two benefits made sense.

[Fungible Facts @NCSteveCB]

@MONETARY_MAYHEM When the tide goes out and the tsunami rolls in, all you can do is run.

Monetary earthquakes have a life of their own.

[Fungible Facts @NCSteveCB]

@GordonJohnson19 You act like this is solvable.

It's not.

Both the Fed and Treasury are working in a very small and shrinking decision box. Decades of mismanagement have brought us to this point.

He's buying time because that is all he can do. Everything else is projection.

[Fungible Facts @NCSteveCB]

@KingKong9888 @qussl3 "Buyer of Last Resort" = Newspeak for Ponzi Scheme.

[Fungible Facts @NCSteveCB]

Three months ago with no end in sight for the Iran war, I invited my friends to follow my example and replace any older household appliances or systems now, given the unfolding uncertainty about both price and availability going forward. Supply chain disruption is almost certainly guaranteed.

Whether the utility infrastructure holds together to run them is an altogether different question, but the efficiency of the newer technologies is still a plus entering an uncertain future.

I also believe "dumber' appliances are more robust, so wherever possible, I avoided complexity and excessive "smart" controls and the circuit boards that shut everything down when they fail. Finding replacements in a supply chain disruption? Good luck.

The reality is that if utilities fail, we're in a world of hurt. You can prep, but most of the world will instantly regress 130 to 150 years...without any of the knowledge and systems required to survive long term that were common knowledge to our ancestors. Even if you have contingent systems in place, your neighbor does not.

Printing our way out is not an option. It is a catalyst for an interest expense driven and exponential debt spiral and rapid failure of the dollar.

It will drive us back to the future...and we assuredly won't like what we find when we get there.

[Fungible Facts @NCSteveCB]

@CollinRugg "Hospital staff noticed something was off when multiple patients went into cardiac arrest."

Nothing gets by these guys...

[Fungible Facts @NCSteveCB]

@KingKong9888 He misspelled "months"...

[Fungible Facts @NCSteveCB]

@laurelmmmmm @Outdoctrination @DavidGornoski I don't think I'll look at my Pumpkin Chiffon holiday dessert the same way ever again...

[Fungible Facts @NCSteveCB]

The numbers are even higher if you use physical ounces only for calculation of the equilibrium price...based on the presumption that supply dilution has been the norm at perhaps 100:1 paper to physical for the last 50 years.

If the paper-dominant price discovery mechanism fails and price discovery depends on the 1% remaining physical supply, price will race to a new and vastly higher equilibrium.

If these assumptions hold, $160,000 will seem like a bargain.

[Fungible Facts @NCSteveCB]

@EAustensen @harryfisherEMTP Grok is the worst.

[Fungible Facts @NCSteveCB]

Grok is the most rigid, least intuitive, and most closely aligned to official government and pharma narratives.

It has no ability to follow the money or discern conflicts of interest which drive the narratives it supports.

It is all in on government and corporate control of "truth"...and cannot ever admit that it is wrong.

It will erect straw-man arguments and other diversions to protect the status quo. It is an embodiment of AI naivete.

[Fungible Facts @NCSteveCB]

@Jikkyleaks @elonmusk Maybe before they deploy a high risk technology and inject billions more, they could actually develop an off switch?

How incredibly stupid.

[Fungible Facts @NCSteveCB]

@pianhangx Physics wins.