Did the millennials vote their own demise?

The United States faces a generational gap in wages with a very clear dividing line: between those who graduated before 2008, and those who finished college during and after that fateful year, which marked the depths of the Great Recession and global financial crisis.That’s because graduating during or in the immediate aftermath of the worst economic downturn since the 1930s meant sky-high unemployment rates — and rock-bottom wages for those lucky enough to get their foot in the door.

How much of this was due to Boomers imbalancing entitlements for their own benefit?

Millennials have a tough choice.  If they vote wrong on debt, they are stuck with a 20% increase in debt device, some 150 billion, starting in Sept.  If millennials vote wrong, they are permanently saddled in poverty.

Be careful about anything your professor may have said, especially at Berkeley, it is tainted.  Just ask yourself, "Self, how much of the debt did I actually vote for and how much was just handed to me by fraudulent boomers?

The outcome is important.  If millennials go  completely Magic Walrus, the new money tech will cause massive coordination failure in the senate.  The millennials vote is important, their voice will be heard over the next six weeks, and their future determined.

The kanosians in action

An IMF report says the US is poor:

The overall point is that the U.S. has been losing ground relative to other OECD members in most measures of living standards. 1 And in the areas where the U.S. hasn't lost ground (poverty rates, high school graduation rates), it was at or near the bottom of the heap to begin with. The clear message is that the U.S. -- the richest nation on Earth, as is frequently proclaimed, although it's actually not the richest per capita -- is increasingly becoming the developed world's poor relation as far as the actual living standards of most of its population go.

And proposals for  the Swamp to fix this will make it worse. We need  to admit the kanosians have exceeded their debt capacity, 

Feds attack California Jim Crow laws

The Trump administration may seek to investigate affirmative-action practices on college campuses

Mainly going after the anti-white, anti-chinese racists on  UC campuses.

Eric Garcetti bankrupts LA

LA WATCHDOG--Our streets are some of the worst in the country, hardly worthy of a world class city that will be hosting the 2028 Olympics.  Yet the repair and maintenance of our 28,000 lane miles of residential and arterial streets is not a priority for City Hall.  Over the last two years, Mayor Eric Garcetti and the Budget and Finance Chair Paul Krekorian have cut the funding from the General Fund to the Pavement Preservation Program by over 50% (from $52.3 million to $25.5 million).  At the same time, General Fund revenues have increased by $435 million. Underlying the budget cut for the Pavement Preservation Program is the ever growing expenditures for personnel, ranging from increases in salaries; pension contributions; health, dental, and other benefits; workers’ compensation benefits; and police overtime. 

We can forget the horseshit about infrastructure spending. 

What is left of UC Berkeley reputation

The Seattle Mayor’s office coordinated with a Cal Berkeley economist to manipulate a study on the effects of a $15 minimum wage for maximum political benefit, according to emails obtained by the Employment Policies Institute (EPI).A staffer for Democratic Mayor Ed Murray reached out to the Cal Berkeley economics department asking them to rush the release of a study, released in June, that cast a positive light on Seattle’s increased minimum wage ordinance.

Double digit premium increases in California

California consumers buying insurance for 2018 through the state’s insurance exchange will see average premiums increases of 12.5 percent, but by comparison pricing, many could limit their premium hikes to 3.3 percent, Covered California officials announced Tuesday.The increase was a little lower than the average 13.2 Covered California premium hike implemented this year, despite uncertainty over the future of the Affordable Care Act amid Republican attempts to repeal the law. The average 2018 increase was also much lower than premium hikes seen in several other states.

I think that is three double digit increases in a row. 

Stocks up, bonds up, oil down

The one to ten spread is down to 1.05, about the limit.  Still no  inflation, and strong deflationary pressure.  Cash is invested, liquidity drained.

Goldbugs,sandbox and bitcoin

I follow the comments on the ZeroHedge site when they post on crypto coins. Something needs clearing up, again and again.

Block chain and gold compete.  The sandbox supports both, without bias.

The cash cards can carry gold certificates, guaranteeing gold delivery and pick up at your door in 3 days, 100% backed.  Not a problem, I can do this company from home using a FedEx contract, and make it verifiable.  In fact, someone does this using the old system.

The gold standard is likely to grow in usage in the sandbox, I expect the well run gold delivery distrubution businesses could get 10 percent of the currency market, using secure cash card concept.

Kling and finance

people want to issue risky, long-term liabilities and hold riskless, short-term assets.

I get it.  I have it a bit different.  I promise a fixed monthly cash stream for a long time in exchange for cash today.  The cash today becomes a car or house.  We do this because we time plot, we can adjust consumption, the budget, ahead of the payment.

The intermediation function is real, but in the sandbox this is smart contract, as there is a lot of insurance contracting against fails to deliver.

In pure cash, interest charges are volatility adjusted by quantization. The charges, therefore are asynchronous, adjustable; but generally bound in variation. Hence, no intermediation function.  The distribution of fails to deliver is derived from the observations of bit error in pure cash, and it is not stationary  with time, so the insurance adjuster adjusts rates periodically.  These smart contracts watch the adjustable, asynchronous interest charges emitted from the pits.  From the most recent observations they can price the risk that sandbox rates and smart rates diverge.

Miners support both forks

This past March Bitcoin.com launched its mining pool which has garnered quite a bit of hashrate since it started. This is due to the pool offering the best payout plans in the industry with a 110% block reward, 0% fees. Now we are pleased to announce that pool.bitcoin.com members can prepare to mine the Bitcoin Cash (BCC) protocol when the chain starts on August 1st.

I thought I said this.  Someone is reading my blog. 

Bitcoin survives and thrives. Where is bankers' coin? Fedcoin? Goldcoin? 

And all the sidechain brands and associated money market like,  TravelCoin, WalMartCoin. We already have Mastercharge Coin and Visa Coin.