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merjet

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    545
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merjet last won the day on February 15

merjet had the most liked content!

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About merjet

  • Rank
    Advanced Member

Previous Fields

  • Country
    United States
  • State (US/Canadian)
    Ohio
  • Relationship status
    Married
  • Real Name
    Merlin
  • Copyright
    Copyrighted
  • Biography/Intro
    I have several articles published in Objectivity and the Journal of Ayn Rand Studies (7.2, 11.2, 13.2, 17.1, 18.1)
  • Experience with Objectivism
    Decades. Most books and periodicals by Ayn Rand.
  • School or University
    University of Illinois
  • Occupation
    actuary (retired)

Recent Profile Visitors

2431 profile views
  1. NY Times spreads ITEP falsehoods and propaganda
  2. Look again. There are links to Stansberry Research videos in the article.
  3. I hate Stansberry Research videos. 1. No timer to see the duration. 2. Full of hype.
  4. Medicare Advantage analysis | Federal spending spree
  5. https://aynrandstudies.com/subscriptions/
  6. I'm not sure what you meant by this. Cointelegraph reports that Fidelity Investments has filed for SEC approval of a bitcoin-linked ETF. However, the author deems it unlikely to get approval due to concentration of risk or lack of diversity of assets. "With equity funds, the SEC doesn’t want any single stock to comprise more than 25% of an ETF’s basket size as measured by market capitalization." Despite this, Fidelity already offers investing in Bitcoin and Ethereum indirectly. Two of several ways are Grayscale Bitcoin Trust (ticker: GBTC) and Grayscale Ethereum Trust (ticker: ETHE). A bu
  7. Bitcoin, hedging, speculation Like this article https://bitcoinmagazine.com/markets/a-deep-dive-into-bitcoins-contango says, “contango” refers to a situation where the futures price of a commodity is higher than the spot price. Bitcoin’s contango is the main topic of this article. Instead, I will use part of it to comment about hedging (decreasing risk) and speculation (increasing risk). From the article: “Currently, the spot price (market price for bitcoin on exchanges) trades lower than futures prices. The spread for the June futures contract is more than 25 percent annualized
  8. Gresham's law is often stated as "bad money drives out good". Wikipedia: "In economics, Gresham's law is a monetary principle stating that 'bad money drives out good'. For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation" [my bold]. So "drive out" doesn't mean the good money no longer exists. Its role is more a store of value and less a medium of exchange. Bitcoin's situation doesn't seems to fit. It is becoming more a store of value and more a m
  9. "Put all your eggs in the one basket and --WATCH THAT BASKET." - Pudd'nHead Wilson's Calendar. By Mark Twain/Samuel Clemens. Mr. Twain was a wise man, except financially. (He lost a huge sum of money on a printing press.) I watch my speculative investing closely.
  10. I believe the days of spectacular gains from Bitcoin are over. After Bitcoin reaches its maximum number of coins, other crypto currencies will experience greater demand. This has already happened. Who wants to link one's debt or other obligations to a currency that rapidly appreciates? The $US will not hold its value for the next 20 years. Inflation of at least 2% per year is planned. A 2% inflation rate implies depreciation of 1 - 1.02^(-20) = 0.327 or almost 1/3rd. Spendthrift Joe Biden (and many other Democrats) and the accommodating Federal Reserve likely means even greater depreci
  11. LOL. You have expressed being very wary of cryptocurrency due to its price volatility (instability) and it having "no inherent or objective value/standard." If you value stability so much, there are stablecoins (link). I can't speak for all or most bitcoin fans. So I will only indicate some reasons for my own confidence. 1. Competition. There are several cryptocurrencies. Ethereum is 2nd most popular behind bitcoin. If a bitcoin holder gets wary, will he or she swap it for another cryptocurrency or a fiat currency? 2. The fan base and usages are growing. I have already
  12. I can sort of understand France being more restrictive, but not the UK. See the graphs of daily new cases: France, UK. Or here, then add France.
  13. Be as fearful as you wish. I won't try to change your feelings.
  14. Bitcoin and Walmart | Federal Reserve and home prices
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