Grand Master Min Pai
1932 - 2004
Zen Master
Martial Arts Teacher
Copyright © 1964 - 2009 by Ramon Korff
More pictures at
https://sites.google.com/site/ramonkorff/Home
More pictures at
https://sites.google.com/site/ramonkorff/Home
We all have problems and always will. As soon as one is solved, another bigger and more pressing one takes it’s place. The solution to the problem is not important, it’s how we deal with the problem – how we react. We must let our breathing self handle the problem. Then we will realize that there is no solution for there is no problem.
Practice is the Answer.
You won’t learn anything by reading or studying you dumb asshole – all you will do is develop philosophical constipation. What you have to do is live life every day to the best of your ability. This doesn’t mean you have to live up to, (or down to), someone else’s standards. It means you develop your own standards by knowing who you are. Then you can live up to those standards.
The idea is not to dwell on your problems. We don’t want to have to deal with our problems. We must learn to practice so we don’t have problems.
****************************************************************J Jim Grant 10/2/2020
With zero interest rates and fee free trading for securities, savers are becoming speculators and speculators are becoming day traders.
Defined benefits vs. defined contribution.
Someone on defined contribution can contribute to a plan, but is assured of no benefits. If a pensioner gets $50,000 per year as a pension, it’s a defined benefit. But someone on defined contribution must first save $5 Million in order to get the same $50,000 at 1% interest.
Gold it is a speculative asset that has no P/E ratio. But it is an excellent hedge against the deprivation of our central bankers.
****************************************************************************
Gloria Steinem
No one in their right minds actually likes the idea an abortion, but the issue is a woman’s right to have control of her own body.
****************************************************************************
Jeff Booth and Danielle DiMartino Booth, (no relation), September 29,2020
Long term world view:
Stagnation followed by hyperinflation.
When Volker raised interest rates the economy collapsed.
Society will break in various places.
The world is in a currency devaluation race, whoever prints more money becomes more authoritarian. $2.2 Trillion stimulus will lead to de-globalization and a more authoritarian country.
We should be investing in infrastructure, but everything we are doing is digital and digital doesn’t care.
Real estate has to crash unless it is propped up.
Trend is deflationary. We are building a house of cards.
Businesses are forced to look for cheaper labor anywhere.
We are so caught up in how our system works we fail to ask ourselves if it can work at all.
The USD system is not working as a global monetary system. What will a transition off the USD look like? Basket idea has never worked. Whoever is more methodical will rule. China so far is the leader.
Is a sovereign free currency possible? We have undisciplined monetary policy.
Game theory predicts something we are not considering. We need a monetary system that understands technology.
What can an investor do when government stops printing and asset prices collapse?
Position yourself with companies that take advantage of change.
Technology is the future of where power lies. Examples of how technology shapes the future.
Blockbuster was a good company with good executives - all they missed was how fast technology could change.
Same with Kodak, they actually invented the digital camera but management was slow to embrace it and they lost out.
Technology is borderless. Also, you can’t charge for things that are in abundance.
We rely on government. This reliance leads to more and more control which leads to isolationism. We can expect a currency war leading to trade war leading to hot war.
The manipulation of currency against technology will not work.
What country would trust that another country would not manipulate everything?
On Bitcoin: Governments will be forced to peg to bitcoin.
There is a general adoption of bitcoin as a currency takeover -small business- large business- small governments- large governments.
Bitcoin may be the safest way, (most peaceful), to transition. Bitcoin is a release valve. With bitcoin you can move to any country in the world.
Onramps or trust to bitcoin get higher and higher.The existing system will not go quietly.
Governments will keep printing, real estate and stock prices will raise.
How do you leave when you are stuck in a currency. Gold outperforms when trouble starts.
****************************************************************************
Ray Wiley Hubbard, Mother Blues
The days that I keep my gratitude higher than my expectations, well, I have really good days.
****************************************************************************
Eckhart Tolle, The Power Of Now
Are you polluting the world or cleaning up the mess? You are responsible for your own actions.
Practice is the Answer.
You won’t learn anything by reading or studying you dumb asshole – all you will do is develop philosophical constipation. What you have to do is live life every day to the best of your ability. This doesn’t mean you have to live up to, (or down to), someone else’s standards. It means you develop your own standards by knowing who you are. Then you can live up to those standards.
The idea is not to dwell on your problems. We don’t want to have to deal with our problems. We must learn to practice so we don’t have problems.
****************************************************************J Jim Grant 10/2/2020
With zero interest rates and fee free trading for securities, savers are becoming speculators and speculators are becoming day traders.
Defined benefits vs. defined contribution.
Someone on defined contribution can contribute to a plan, but is assured of no benefits. If a pensioner gets $50,000 per year as a pension, it’s a defined benefit. But someone on defined contribution must first save $5 Million in order to get the same $50,000 at 1% interest.
Gold it is a speculative asset that has no P/E ratio. But it is an excellent hedge against the deprivation of our central bankers.
****************************************************************************
Gloria Steinem
No one in their right minds actually likes the idea an abortion, but the issue is a woman’s right to have control of her own body.
****************************************************************************
Jeff Booth and Danielle DiMartino Booth, (no relation), September 29,2020
Long term world view:
Stagnation followed by hyperinflation.
When Volker raised interest rates the economy collapsed.
Society will break in various places.
The world is in a currency devaluation race, whoever prints more money becomes more authoritarian. $2.2 Trillion stimulus will lead to de-globalization and a more authoritarian country.
We should be investing in infrastructure, but everything we are doing is digital and digital doesn’t care.
Real estate has to crash unless it is propped up.
Trend is deflationary. We are building a house of cards.
Businesses are forced to look for cheaper labor anywhere.
We are so caught up in how our system works we fail to ask ourselves if it can work at all.
The USD system is not working as a global monetary system. What will a transition off the USD look like? Basket idea has never worked. Whoever is more methodical will rule. China so far is the leader.
Is a sovereign free currency possible? We have undisciplined monetary policy.
Game theory predicts something we are not considering. We need a monetary system that understands technology.
What can an investor do when government stops printing and asset prices collapse?
Position yourself with companies that take advantage of change.
Technology is the future of where power lies. Examples of how technology shapes the future.
Blockbuster was a good company with good executives - all they missed was how fast technology could change.
Same with Kodak, they actually invented the digital camera but management was slow to embrace it and they lost out.
Technology is borderless. Also, you can’t charge for things that are in abundance.
We rely on government. This reliance leads to more and more control which leads to isolationism. We can expect a currency war leading to trade war leading to hot war.
The manipulation of currency against technology will not work.
What country would trust that another country would not manipulate everything?
On Bitcoin: Governments will be forced to peg to bitcoin.
There is a general adoption of bitcoin as a currency takeover -small business- large business- small governments- large governments.
Bitcoin may be the safest way, (most peaceful), to transition. Bitcoin is a release valve. With bitcoin you can move to any country in the world.
Onramps or trust to bitcoin get higher and higher.The existing system will not go quietly.
Governments will keep printing, real estate and stock prices will raise.
How do you leave when you are stuck in a currency. Gold outperforms when trouble starts.
****************************************************************************
Ray Wiley Hubbard, Mother Blues
The days that I keep my gratitude higher than my expectations, well, I have really good days.
****************************************************************************
Eckhart Tolle, The Power Of Now
Are you polluting the world or cleaning up the mess? You are responsible for your own actions.