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Recent Posts
- What is a Financial Advisor? June 10, 2022
- How my thinking differs from generally provided advice to investors and traders June 8, 2022
- Bill Cara Books to be available at Legible.com March 10, 2022
- Why billcara.com does not provide financial advice to the public January 29, 2022
- Good and bad advice to your financial advisor January 27, 2022
- Educating clients and readers on the Metaverse January 18, 2022
- A new high-quality dividend-yielding portfolio I have under development January 6, 2022
Mar-a-Lago With so much focus on the Florida Trump resort, I recall a blast from the past. I had a business lunch there shortly after Trump bought the estate from the US government. It was nice but, at the time, nothing to write home about. I was invited to lunch by a business associate who had a meeting to pitch them a company of his that supplied top-end restaurants with Atlantic lobster. In the years since then, I have sailed by on the ICW and the Atlantic many times. With the fortunes of Donald and the Trump Organization under duress,… Read more »
https://www.youtube.com/watch?v=yHdVQfiaXGY Subject of video: Western governments are stealing as much gold as they can from countries they invade. The U.S. is expanding the power of the IRS to go after middle class Americans. Meanwhile Russia and China are buying up as much gold as they can. It’s time to protect your family by holding tangible assets like gold, silver and real estate. I do my best to seek out a variety of viewpoints. This particular YT channel, redacted, is one I pay attention to because of its focus on international and domestic affairs. My posting of this video does not… Read more »
Weekend weather much nicer now on the East Coast (USA), temps have dropped about 30 degrees from last week’s 95-100F.
Proof that if you threaten universal health care in Canada, you will get stung
I have no further comment about the Premier of Ontario’s incident today except to wonder about the health status of the bee.
Please watch the video. It’s a classic.
I like some of the reader comments. You see, there is presently such a shortage of hospital nurses and doctors that many hospitals have shut down wards and restricted hours.
For those who believe it was not wrong for Trump to remove classified documents from the WH to Mar-A-Lago, you should understand why it’s very, very wrong.
The retired General who commanded US military forces in Europe has laid out the terminology.
Was treason in Trump’s mind when he allegedly took classified documents? I guess we’ll find out.
Posted on the Internet The US Department of Justice is investigating whether former President Donald Trump violated the Espionage Act, according to reports The US Justice Department is investigating whether former President Donald Trump violated the Espionage Act, which prohibits retaining national security information that could harm the United States or aid a foreign adversary, The New York Times, Politico, and The Guardian report. Per an FBI warrant obtained by the outlets, Trump is also being investigated for violating additional statutes relating to obstruction of justice and destroying federal government records. Conviction under these statutes can result in imprisonment or… Read more »
https://twitter.com/i/status/1557434334394597381
Not just another day in the Russian invasion of Ukraine
Since 2014, the Saki Air Base in Ukrainian Crimea has been occupied by a Russian naval aviation regiment, part of Russia’s Black Sea Fleet. Yesterday, nearby thousands of Russian vacationers, that important air base was bombed, and from 9 to 14 Russian military jets were destroyed. The reality of war hit home with those Russian vacationers.
This video tells the horror story poetically.
I’m sure that with the backing of the allied forces, there are more disasters to come for Putin, and better there than in Western Europe or Moscow.
From Forbes: The Ukrainian attack on a Russian airfield in occupied Crimea on Tuesday apparently destroyed a lot of aircraft. It easily was the biggest single-day loss for Russian air power since Russia widened its war on Ukraine in late February. And it could shape Russian air operations moving forward. The daylight attack, which triggered 10 or more explosions at Saki air base, home of the Russian Black Sea Fleet’s 43rd Independent Naval Attack Aviation Regiment, burned to the ground as many as eight Su-27 fighters, four Su-30 fighter-bombers, five Su-24 bombers, six Mi-8 helicopters, and a unique Il-20 telemetry aircraft, according to a… Read more »
A few recommendations from my book reviewers have led me to introduce a synopsis ahead of each of the 120 chapters, which helped me tighten the content. The downside is that the book is now longer at close to 500 pages.
More about the Netflix film series Resurrection: Ertugrul I was so impressed with the first few episodes of Season One that I wrote about it here. https://en.wikipedia.org/wiki/Dirili%C5%9F:_Ertu%C4%9Frul Today I am shocked. after watching the first 13 episodes, I thought it must be coming to an end, so I looked at the upcoming episodes figuring maybe 15. There are close to 100. Then, the same for Season Two, Three, Four, and Five!!. There must be close to 450-475 episodes of at least 45 minutes each, with some over an hour. So much for binge-watching. Who is capable of watching 350 or… Read more »
A lightning strike exploded a major Cuba oil depot this weekend
The full extent of the damage in Matanzas is unknown but this is another serious setback for Cuba.
Matanzas is a beautiful city with a rich culture just 50 miles east of Havana. We have traveled through the city many times to and from the beaches and the airport.
The city is a superport for oil tankers, and the oil is used to power the region’s electricity plants, including Havana’s.
https://www.washingtonpost.com/nation/2022/08/08/cuba-fire-oil-blackout/
Government by slogan The Join1440.com independent and objectively produced daily news digest has reported that the $700 Billion so-called “Inflation Reduction” Act has been passed by the split Senate by a deciding vote cast by VP Kamala Harris. The House will now approve the bill and send it to Biden for signature. The bill focuses on climate, tax, and healthcare provisions. Including about $160B in tax credits for clean energy production, $64B to extend Affordable Care Act subsidies, and a provision to allow Medicare to negotiate prices, currently set by manufacturers, on a set of to-be-determined prescription drugs. A 15% minimum corporate tax rate… Read more »
US govt continues it’s deficit spending with a Dem. in the WH … global tension over Ukraine and Taiwan, inflation ticking up every month … feels like its 1979 again… Back then we had the Carter administration, double-digit inflation 1978-79, the Soviet invasion of Afghanistan, Iran seizure of the US Embassy (hostage situation which lasted nearly a year) … Pretty strong parallels … gold and silver reached, for that era, all-time highs; … silver peaked around $50/oz ($180 today) gold briefly touched $875 ($3142) … In my opinion, everyone should own some silver and gold… Yields – Very tough to… Read more »
Regarding Oil, Biden wants his cake and to eat it too
Biden is giving speeches about the need to increase the Oil supply to reduce the price at the pump.
Then he’ll give speeches about the need to cut fuel use in order to help his Climate Change program.
But how does lowering the cost, which increases the demand, square with reducing the demand?
The expressions: (1) speaking with a forked tongue, (2) speaking out of both sides of his mouth, and (3) sucking and blowing at the same time, all come to mind.
Totally absorbed and fascinated by Resurrection: Ertugrul, Netflix series
I studied World Religions at University. I so wish this film series had been on the curriculum.
I cannot recommend it higher.
Resurrection: Ertugrul is an epic story of the clash between religion and culture in the Middle Ages.
America is going through some of the same right now with respect to abortion rights.
I agree. I also see that slavery and genocide are still part of culture just as it was in the Middle Ages.
Gold dropped by $20 after Pelosi’s plane landed in Taipei Was this trip necessary? Taiwan has always been a sensitive issue with China as that’s the place that the China Nationalist army and families fled to after losing the civil war to the Communists. Many years ago I did a two-person speaking trip to that region along with Canada’s senior Asia-Pacific trade representative. Because he was a political appointee, he could not go to Taiwan for political reasons. I did where I met the head of the Chamber of Commerce who introduced me to the wealthiest person in the country.… Read more »
The cost of buying a home in US cities
The Visual Capitalist tells the story:
Absolute nonsense from Sprott
What else can I say?
Would Eric Sprott have done this?
Lol! So true! I’d love to be a fly on that wall … “Damn marxist bankers!” Last mine I went to the ESG was already there and that was 2008. I saw some solar for the crew quarters. I saw local aborigines and a guy from Mexico on the crew. The governance donated to build a local clinic. A lot of locals are hired for various jobs from geologist to truck driver. Schools and roads are built and bridges and electric power comes to remote regions. The only companies with tons of ESG violations are apple, nike, walmart, tesla, gm,… Read more »
Something to think about… https://theweek.com/articles/495053/6-volcanoes-that-could-shut-down-world
Aloha! AS OF THIS WEEK THERE ARE 49 ACTIVE VOLCANO ERUPTIONS I know how that works! lol! Here is an update as some of those are awakening and one in Indonesia just erupted this week. One on Japan looks ominous and people are evacuating. Solar cycles cause this when the cycle is in a decline trend. Sun and Moon still have some control over Earth much to the dismay of biden greenies. Also there is a report of lava building near Antarctica. Has anyone bothered to see if volcanic activity under the Arctic and Antarctica might cause ice melts? LINK:… Read more »
An objective assessment of the impact of sanctions on Russia’s economy
From Yale University School of Management’s Prof. Jeffrey Sonnenfeld.
Slidedeck
Summary and paper
Toronto’s Caribana, which is North America’s largest street festival, is underway this weekend. One year, Pat and I were honored at this pan-Caribbean Carnival to be seated in the VIP stand beside the judges of the Parade of Bands and the night before at the King and Queen Showcase. The music and the thousands of costumed dancers at these events are truly spectacular. With perfect weather, this year’s attendance may top 2 million, including 1.3 million visitors.
Videos from 2019:
https://www.youtube.com/watch?v=dQJBQURabXM
https://www.youtube.com/watch?v=IOATsvub1Yw
I tried to watch the TV news at lunch
Interest rates, inflation, crime, and on and on.
I turned it off when the “Political Editor” redefined the word “Recession”. Apparently, it has to do with food banks running out of food.
Without a Goldilocks economy and Yellow Brick Road, you have to wonder why millions of people are desperately seeking entry.
The limited value you can extract from hearing what the sheep are being fed isn’t really worth the indignation.
lol, yes, they are definitely moving the goal post.
https://www.whitehouse.gov/briefing-room/statements-releases/2022/07/24/icymi-treasury-secretary-yellen-says-us-economy-not-in-recession/
SEC Files Multiple Insider Trading Actions Originating from the Market Abuse Unit’s Analysis and Detection Center
https://www.sec.gov/news/press-release/2022-129
My draft book on understanding the stock market is now 455 pages long and growing. It’s obviously not likely to be published in hard copy, not only because its length on paper would cost so much, but also because it’s a “living book” that contains many thousands of live links. The links and illustrations are also reasons that this book will not be suitable for the mobile phone market although tablets would be ok I think. I was held up for the past month because of the concussion, but in the past week, I have pushed ahead. It’s now about… Read more »
An entertaining recap on the bankrupt crypto hedgefund, 3 Arrow Capital story (thus far):
https://www.youtube.com/watch?v=oB-M6dpxv1Y
Informative too. But what doesn’t get enough play in the fall of the Crypto world is the role played by Elon Musk. Like most entrepreneurs when central banks embark on Quantitative Tightening, Musk got overextended. He had made a $54 billion bid for Twitter and had to sell some stock, which led to a need to cover capital gains tax. With QT, cash and credit became scarce. His Tesla needed cash too when China started to close up due they say to a return of the Covid-19 pandemic. At the time BTC started to collapse, Russia invaded Ukraine leading to… Read more »
Elon Musk problems just got worst. Sergei Brin now is his enemy…
https://people.com/human-interest/elon-musk-allegedly-had-affair-with-google-co-founder-sergey-brins-wife/
Brin to his investment managers… “SELL SELL…SELL… anything to do with Musk.
Bill’s Music — Sunday listening while I work on my new book There were no concerts like this when I was young: Alan Walker — Untold Festival (2017) (Full) https://www.youtube.com/watch?v=dYsTiW8skv0 Alan Walker ParookaVille (2019) (Full) https://www.youtube.com/watch?v=sANlCvgOZF0 Part of the VG-Lista concert 2016 https://www.youtube.com/watch?v=Cv0q056lL0Y&list=RDEMnXfFddSZnJmxtloeP0BENw&index=2 Best videos: Alone (Restrung) – Alan Walker https://www.youtube.com/watch?v=KMciOb6eU24 Faded Alan Walker https://www.youtube.com/watch?v=60ItHLz5WEA&list=RDEMnXfFddSZnJmxtloeP0BENw&start_radio=1&rv=NxNGdCY58K8 Play For Me – Alan Walker & Niya Remix https://www.youtube.com/watch?v=gkW_oVRnNRg The Spectre – Alan Walker https://www.youtube.com/watch?v=wJnBTPUQS5A Zombie – Albert Vishie and Ane Flem https://www.youtube.com/watch?v=mxBeS4CUHBg Stay For Now – Hallman Remix https://www.youtube.com/watch?v=z6JLdcDd9l8 Why Why Why… Read more »
One of the greatest pieces of music created in the past 100 years IMHO
https://www.youtube.com/watch?v=bDmzGLrdjxQ