How do we get an early retirement program?

 We are back to equilibriating birth and death in the midst of a virus that weighs heavily on older worker. Without an effective vaccine the solution is abut 6-7% unemployment and moderate growth. 

This will not work in California or New York, not to mention Illinois, They will be bankrupt.  That is the problem and devaluation is being ushered in sooner than we are prepared for. The two arty system does not solve these problems, it is meeting of the elders. Biden, Powell, the new Treasury, governors with IQ, and key Senate members have to sort it out.

Infrastructure week is back

 Republicans ready to restart critical infrastructure initiative in 2021

Makes a good point

Crypto Long & Short: Why the PayPal Rally Isn’t What It Seems, and Why That’s OK

Another aspect that has many excited is the network of 26 million merchants at which users will be able to spend their cryptocurrencies, with PayPal handling the fiat-crypto conversion. Over the years, however, the “buying stuff with crypto” use case has attracted relatively little attention, as the investment use case became more predominant. Why would people spend an investment asset, forgoing any potential gain? True, in some countries it might be easier to pay via PayPal using bitcoin, for instance, than dollars. But just because the service is now available does not mean that people will use it in significant numbers.

PayPal open a BTC holding facility, you can buy bitcoins and other crypto via PayPal. 

Why? Because like I say, PayPal is essentially sharding a portions of the bloc chain and that enables them to use the shard portions for bitcoin payments.

But I have taken the other side, why not keep BTC as the optimum currency hedge? I am actually quite neutral, jump in on either side.  Sandbox is neutral about this stuff, do what one wants.

Recessions and death

Study: Great Recession Led To Fewer Deaths

VEDANTAM: In some ways, David, recessions seem to change the mortality rate, and not in the direction you might expect. I was speaking with the economist Erin Strumpf at McGill University. Along with Thomas Charters, Sam Harper and Ari Nandi, she studied the effect of the Great Recession a decade ago by looking at 366 metropolitan areas in the United States, which cover about 80 percent of the U.S. population.

ERIN STRUMPF: We find that in areas where the unemployment rate is growing faster, mortality rates decline faster. So during the Great Recession in the U.S., we saw increases in the unemployment rate of about 4-5 percentage points, so that translates to about 50,000 to 60,000 fewer deaths per year, the same order of magnitude as the number of people who die from influenza and pneumonia every year.

Another factoid:

The number of retired workers receiving Social Security benefits increased from approximately 33.5 million in 2009 to 45.1 million in 2019. This figure has increased at the same rate year-on-year over the past decade and is likely to continue into the

About a million of us retire each year.   Take the number of 60k multiply by 3 to get serious illness. So out of seven older workers six will escape an expansion and retire, one dies.  I assume most of the deaths are due to stress factors effecting the elder worker.

But under covid the elderly worker will see that risk of death shoot up to 2 or 3 out of seven, and is not going to take the chance.

Also we get 3.8 million births each year, or about one retied person for nearly four new babies. This seems about right for stability. There are about 2.8 million deaths per year.

What does this all mean for covid?

We have to change the retirement plans of elderly workers if we want to reopen. They will need to retire earlier than usual. So if we are doing cost benefit analysis then we have the adjustment cost of getting the younger worker into the higher positions sooner.

Can't have special rules for public cops

Maryland Looks At Ditching Police Officers’ Bill Of Rights

Violation of the Second, though the NRA Nuts are too ignorant to read the amendment.

Regulated banks cannot count GDP

Progress can no longer be measured by growth in GDP

It is not a direct big tech and automation threat. It is an indirect threat big tech is the caretaker of money while the Fed engages in a fanatical run to collect banking axes. At some point, big tech has no choice, it will automate the shadow banking and become the new central bank.

The real answer: Banking and tax collection do not mix.

The Fed is now going to tax the municipal bond dealers

Should Congress destroy the municipal bond market?

A little-noticed provision of the revised Heroes Act which passed the House on Oct. 1 might destroy the U.S. municipal bond market. Although this may be a desirable outcome to proponents who would like to free state and local government from the costs and constraints associated with issuing bonds, such a radical change at least merits a debate.

The profits from the Fed buying municipal bonds goes to the Swamp.  It is a tax and bond dealers will pass the tax down stream or exit the business.  

The net effect is to put Congress into the municipal bond industry.  But Congress needs the tax, and when the municipals have less need for loans and more need for deposits, Treasury loses a big chunk of taxes.  Treasury cannot exit and enter the bond industry like bond traders.

One can see the problem. Who manages the municipal bond industry? The answer is Tom Cotton and the senate.  We will have habitual war declarers trying to cover payments with the city lending business. 

Federal bailout is what thy will not get

 LA needs to ‘aggressively’ cut services, costs as projected revenue gap may hit $600 million

The ‘fiscal restraint tools’ may include layoffs, which the mayor had warned would be on the horizon and could be stopped through federal assistance.

Too late but never mind. The precondition for a Biden presidency is no California bailout.

Shard it and get short chain cash

JPMorgan Sees Bitcoin Rising Up To Ten-Fold As Millennials Flood Into The "Alternative" Currency

We are not waiting for the Fed or NSA. Lightening has proved this is a shardable ledger system, and BTC can compete in payments. The whole concept is built around finite length sharded block chain which has time out so we get short term cash with proof of stake. It should be as fast as credit cards and work with current technology.

Sandboxers are tired of waiting for official clues.

Explains the constant war declarations

The Decline and Fall of the 9/11 Republicans

The conservative movement faces a future without a common enemy to keep its liberal and illiberal tendencies together.

Explains why we have idiots like Tom Cotton and Lindsey Graham.  Both ignorant fools running up trillion in defense losses on the conservative issue of what? Finding something simple enough for the conservative mind?

Kevin Williamson at the national Review is dealing with the age old problem, we cannot get small state governors with IQs above room temperature. The thing does not exist in South Dakota, for example. The governor of Arkansas is the one exception.

National Review is stuck with what is left, the Ghost and Goblin crew. Now their authors bemoaning the lack of rice farmers to carpet bomb.