There are a lot of myths about gold, which just aren't true.
One is that you can't lose money on it, which isn't true. As Isaid, it's a commodity with all the associated risks and benefits of a commodity investment.
Showing posts with label bankruptcy and debt. Show all posts
Showing posts with label bankruptcy and debt. Show all posts
Monday, April 6, 2026
Wednesday, December 17, 2025
Yet another reason to dislike Cryptocurrency: Donald Trump.
I'm getting blown away watching Donald Trump since he's giving us some really great reasons for a rework of the US Constitution. And it's not just the republicans: it's the duopoly
Saturday, August 27, 2022
Pew Charitable Trust on Cryptocurrencies
46% of Americans who have invested in cryptocurrency say it’s done worse than expected
Among the 16% of U.S. adults who say they have ever invested in, traded or used a cryptocurrency such as bitcoin or ether, 46% report their investments have done worse than they expected. By comparison, 15% of these Americans say their investments have done better than they expected; 31% say they’ve worked out about the same as they expected. The overall share of U.S. crypto users is unchanged since September 2021.
Monday, May 31, 2021
You know I'm not a fan of bitcoin or cryptocurrencies: here is the best argument about why you shouldn't be as well.
I just finished watching Russell Brand discuss bitcoin, which he didn't understand. The concept intrigued him for the obvious reasons--cryptocurrency poses as something which is outside the banking and economic system.
That's not really true. I know enough about these things to know that they are not what they pretend to be. Which is why I suggest this e-book on the subject:
https://www.mybloggertricks.com/2018/06/bitcoin-is-scam.html
The person who wrote this knows a whole lot more about the subject than I do, which is why I recommend it. You don't really need to know a lot about the topic to sense that it is not what it purports to be.
On the other hand, knowing what exactly it is makes it far more scary than fiat currencies.
Bottom line is that commodity based currencies are volatile. Fiat based currencies values are determined by central banks. But cryptocurrencies aren't really either. If anything they combine the worst of both worlds.
But, hey, it's your money: not mine.
Thursday, April 5, 2012
Newt Inc? Nut Inc? Not anymore! The 'Think Tank' tanks!
Where is the fiscal conservative, the responsible business acumen that the Nut Gingrich wants his base to believe he represents?
Nut himself is a multi-millionare; but will he do the responsible thing, and pay off the debts of Nut Inc., or is he going to be sticking his creditors like so many other Republicans (notably the MN GOP for example, with the recount bills from 2010). We had our own arrogant big bag of wind who people disliked and who did a bad job of leadership - just like you except on the state level; his name was Tony Sutton. He left his organization wallowing in financial disaster just like you.
We had a big jerk who acted with the same nasty arrogance that you did too; his name was Michael Brodkorb. Just like you, his conduct is resulting in ethics violations hearings, although unlike you, he's trying to collect despite HIS wrongdoing, where you were stuck paying out a similar amount in penalties. But the similarities are greater than the differences. For example like the Nut, Brodkorb likes to play out his adulterous scandals in the public eye, playing the hypocrite about family values while committing adultery with someone else in the party, and like Brodkorb, the Nut had no sense of proportion or context to his actions apparently believing that rules and standards of decency didn't apply to someone as privileged and elite as himself. Brodkorb and the Nut are similar in their utter lack of shame or a normal sense of morality and responsiblity, and they share a ruthless desire for power by any means, at any cost to others.
And of course, they were both, for a while, accepted by Republicans no matter how heinous they were, how morally bankrupt their behavior as human beings. But then there has been a notable lack of talent on the right for the 2012 election races, and not just at the level of the office of president.
Why would anyone in their "right" mind - pun intended - listen to this guy, for even a nanosecond? Or in referencing Nut Gingrich, maybe that should be ' for a nut-o-second'.
From MSN and NBC :
In another black eye for Newt Gingrich, the flagship of what's known in Washington as "Newt Inc." has filed for bankruptcy.
In a Chapter 7 filing in the U.S. Bankruptcy Court, Northern District of Georgia, The Gingrich Group LLC, doing business as the Center for Health Transformation, filed for bankruptcy Wednesday. (Chapter 7 is "the chapter of the Bankruptcy Code providing for 'liquidation,' that is, the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors," as defined by the federal courts.)
The vast majority of Gingrich's net worth is tied up in the Gingrich Group. Gingrich is worth overall between $7.1 million and $31 million, according to his financial disclosure. He lists a promissory note from Gingrich Group as being worth between $5 million and $25 million.
Visit msnbc.com for breaking news, world news, and news about the economy
Mitt Romney has half the delegates he'll need to secure the GOP nomination, but Newt Gingrich refuses to leave the race. The Washington Post's Karen Tumulty discusses.
Though he continues to pledge that he's "going to Tampa," the site of the Republican National Convention this summer, Gingrich is sounding increasingly like a candidate fighting for relevance rather than the presidency.
(Here are the bankruptcy filings - Part 1, Part 2.)
The news of the bankruptcy was first reported by the Atlanta Business Chronicle and confirmed by NBC News with the court in Atlanta and a federal court database search.
Gingrich pulled in $2.5 million -- the bulk of his income -- from January 2010 to August 2011 from sister organizations Gingrich Productions and Gingrich Communications.
On the campaign trail, Gingrich has touted ideas coming from his health think tank. And it has been a source of controversy, as questions were raised -- and other campaigns questioned - whether Gingrich acted as a lobbyist on behalf of the group in Georgia.
The Washington Post wrote: “[H]is time there exemplifies the former Georgia congressman’s post-legislative career as a well-paid consultant and policy guru, a role that earned him and his companies tens of millions of dollars over the past decade.”
NBC's Kathy Johnson and Marcie Rickun contributed to this report.
Psssssssssssssssst! NEWT!!!!!!!!!!! Listen UP!
You're a bad manager, you are a financial disaster, and as much as you are correct about Romney as a badly flawed front runner, a leader you claim no one likes -- people like YOU a lot less!
Even if you go to the convention in Florida, you are not a king maker or a deal breaker. Your pretty much just over. If you don't have the grace to get out of the way, to get out of the race, now that you aren't spending other people's money to the extent you were earlier - pretty much just the money of two special interest big donors - you're nothing, nothing except an extreme wacko Newt-job.
Most of all Nut, you're just over - over for 2012, over for any political run for any job at all in the future. You've pooped not only in your own sadbox once to often; this time's it's stuck all over your shoes, and you're not going to get away from it. It is a permanent stink - just like the one on Michaeld Brodkorb.
Nut, Brodkorb - get over yourselves; we have.
Nut himself is a multi-millionare; but will he do the responsible thing, and pay off the debts of Nut Inc., or is he going to be sticking his creditors like so many other Republicans (notably the MN GOP for example, with the recount bills from 2010). We had our own arrogant big bag of wind who people disliked and who did a bad job of leadership - just like you except on the state level; his name was Tony Sutton. He left his organization wallowing in financial disaster just like you.
We had a big jerk who acted with the same nasty arrogance that you did too; his name was Michael Brodkorb. Just like you, his conduct is resulting in ethics violations hearings, although unlike you, he's trying to collect despite HIS wrongdoing, where you were stuck paying out a similar amount in penalties. But the similarities are greater than the differences. For example like the Nut, Brodkorb likes to play out his adulterous scandals in the public eye, playing the hypocrite about family values while committing adultery with someone else in the party, and like Brodkorb, the Nut had no sense of proportion or context to his actions apparently believing that rules and standards of decency didn't apply to someone as privileged and elite as himself. Brodkorb and the Nut are similar in their utter lack of shame or a normal sense of morality and responsiblity, and they share a ruthless desire for power by any means, at any cost to others.
And of course, they were both, for a while, accepted by Republicans no matter how heinous they were, how morally bankrupt their behavior as human beings. But then there has been a notable lack of talent on the right for the 2012 election races, and not just at the level of the office of president.
Why would anyone in their "right" mind - pun intended - listen to this guy, for even a nanosecond? Or in referencing Nut Gingrich, maybe that should be ' for a nut-o-second'.
From MSN and NBC :
Gingrich group files for bankruptcy
In a Chapter 7 filing in the U.S. Bankruptcy Court, Northern District of Georgia, The Gingrich Group LLC, doing business as the Center for Health Transformation, filed for bankruptcy Wednesday. (Chapter 7 is "the chapter of the Bankruptcy Code providing for 'liquidation,' that is, the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors," as defined by the federal courts.)
The vast majority of Gingrich's net worth is tied up in the Gingrich Group. Gingrich is worth overall between $7.1 million and $31 million, according to his financial disclosure. He lists a promissory note from Gingrich Group as being worth between $5 million and $25 million.
Rogelio Solis / AP
Republican presidential candidate Newt Gingrich speaks at the Gulf Coast Energy Summit in Biloxi, Miss.
Gingrich was chairman of the group until May of last year, when he announced he was running for president. Since the candidate turned focus toward his presidential run, the Gingrich Group has struggled to raise money, leading to its eventual collapse.
The bankruptcy comes at a time when Gingrich's campaign is struggling to regain any momentum. He has won only two states during his run for president -- South Carolina and Georgia, his home state -- and he lags far behind front-runner Mitt Romney in the delegate count, in third place with just 137 out of the 1,144 needed to become the nominee.
Gingrich was chairman of the group until May of last year, when he announced he was running for president. Since the candidate turned focus toward his presidential run, the Gingrich Group has struggled to raise money, leading to its eventual collapse.
The bankruptcy comes at a time when Gingrich's campaign is struggling to regain any momentum. He has won only two states during his run for president -- South Carolina and Georgia, his home state -- and he lags far behind front-runner Mitt Romney in the delegate count, in third place with just 137 out of the 1,144 needed to become the nominee.
Mitt Romney has half the delegates he'll need to secure the GOP nomination, but Newt Gingrich refuses to leave the race. The Washington Post's Karen Tumulty discusses.
Though he continues to pledge that he's "going to Tampa," the site of the Republican National Convention this summer, Gingrich is sounding increasingly like a candidate fighting for relevance rather than the presidency.
(Here are the bankruptcy filings - Part 1, Part 2.)
The news of the bankruptcy was first reported by the Atlanta Business Chronicle and confirmed by NBC News with the court in Atlanta and a federal court database search.
Gingrich pulled in $2.5 million -- the bulk of his income -- from January 2010 to August 2011 from sister organizations Gingrich Productions and Gingrich Communications.
On the campaign trail, Gingrich has touted ideas coming from his health think tank. And it has been a source of controversy, as questions were raised -- and other campaigns questioned - whether Gingrich acted as a lobbyist on behalf of the group in Georgia.
The Washington Post wrote: “[H]is time there exemplifies the former Georgia congressman’s post-legislative career as a well-paid consultant and policy guru, a role that earned him and his companies tens of millions of dollars over the past decade.”
NBC's Kathy Johnson and Marcie Rickun contributed to this report.
Psssssssssssssssst! NEWT!!!!!!!!!!! Listen UP!
You're a bad manager, you are a financial disaster, and as much as you are correct about Romney as a badly flawed front runner, a leader you claim no one likes -- people like YOU a lot less!
Even if you go to the convention in Florida, you are not a king maker or a deal breaker. Your pretty much just over. If you don't have the grace to get out of the way, to get out of the race, now that you aren't spending other people's money to the extent you were earlier - pretty much just the money of two special interest big donors - you're nothing, nothing except an extreme wacko Newt-job.
Most of all Nut, you're just over - over for 2012, over for any political run for any job at all in the future. You've pooped not only in your own sadbox once to often; this time's it's stuck all over your shoes, and you're not going to get away from it. It is a permanent stink - just like the one on Michaeld Brodkorb.
Nut, Brodkorb - get over yourselves; we have.
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