Ah, Houston, we’ve had a problem (Scary Charts 03.10.25)

Source – https://www.apolloacademy.com/there-is-a-significant-need-for-retirement-savings-in-the-us/

Short of forcing people to save for retirement, Social Security remains the safety net for those who lack access to retirement vehicles or don’t have the means to save. – How Many Americans Don’t Save For Retirement? https://awealthofcommonsense.com/2025/03/how-many-americans-dont-save-for-retirement/

TBH, Social Security is a much higher portion of our retirement income than I had planned for.

My Cryptocurrency Investment

My cryptocurrency investment was taking the time to learn and understand the bubble. Charles Mackay’s bestseller Extraordinary Popular Delusions and the Madness of Crowds discussed many historical bubbles and was published in 1841. The book sits on the shelf and remains a reminder not to get caught up and swept away by the madness of crowds. THERE ARE IDIOTS: Seven pillars of market bubbles is a good article and much more recent than 1841 https://www.acadian-asset.com/investment-insights/owenomics/there-are-idiots-seven-pillars-of-market-bubbles.

Greg Hunter’s https://usawatchdog.com/ is neither Democrat nor Republican, Liberal nor Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows. The following is an edited excerpt from an interview with Catherine Austin Fitts.

Bailout of the Big Boys. Be careful out there. Don’t get screwed.

“This is literally a Bitcoin for land-grab swap. . . . So, they take our retirement savings, what’s left of it, and they take our taxes and use it to buy Bitcoin.  The Bitcoin billionaires sell their Bitcoin into that at the same time they are taking advantage of the monetization of all the land and minerals.  They sell their Bitcoin at the top, and what can they do?  They can buy the land. . . . They want out of digital assets, and they want real assets.  Right now, the whole race on the planet is to grab the real assets such as land, mineral resources, water resources, etcetera, etcetera. . . . The land ownership of the top 100 landowners of America doubled.  They are not buying Bitcoin.  They are buying land.  Bill Gates is buying farm land.  The Harvard Endowment is buying farm land.  What you are really seeing is a discussion to sell the unreal assets to the taxpayer and the real assets to private parties.  If this succeeds, it will be the biggest robbery and financial scam in the history of the country. .  . The smart money is trying to control the real assets.” Catherine Austin Fitts former Assistant Secretary of Housing (Bush 41 Administration) https://usawatchdog.com/smart-money-buying-up-real-assets-not-bitcoin-catherine-austin-fitts/

Catherine Austin Fitts is the founder of Solari, a private company. Link to her company website is https://home.solari.com/ where I found the absolute best summary of the history of Bitcoin and what Fitts calls the BITCOIN BAILOUT: Why a Bitcoin Strategic Reserve Is a Bailout of the Big Boys https://home.solari.com/bitcoin-bailout-why-a-bitcoin-strategic-reserve-is-a-bailout-of-the-big-boys/

Scary Charts 12.01.24

Office CMBS Delinquency Rate Spikes to 10.4%, Just Below Worst of Financial Crisis Meltdown. Fastest 2-Year Spike Everhttps://wolfstreet.com/2024/11/30/office-cmbs-delinquency-rate-spikes-to-10-4-just-below-worst-of-financial-crisis-cre-meltdown-fastest-2-year-spike-ever/

Yikes.

The world’s worst countries for binge-drinking https://www.statista.com/chart/5357/the-worlds-worst-countries-for-binge-drinking/

Yikes.

Which Lifestyle Changes Can Make You Live Longer?https://www.statista.com/chart/31766/reduction-in-the-risk-of-premature-death-after-age-40-when-sticking-to-the-lifestyle-factors/

Yikes.

The Worst U.S. States For Binge Drinkinghttps://www.statista.com/chart/12345/the-worst-us-states-for-binge-drinking/

Yikes. But a great day for Scary Charts!

Scary Charts 05.16.24

After the collapse of a Surfside Building on June 24, 2021 that killed 98 people, the state passed a structural safety law that is now biting owners. Not only are insurance rates soaring, but owners are hit with huge special assessments topping $100,000. Florida Condo Owners Dump Units Over Six-Figure Special Assessmentshttps://mishtalk.com/economics/florida-condo-owners-dump-units-over-six-figure-special-assessments/

Ouch.