THE HUMBLE LIBERTARIAN

mind your business

Monday, June 18, 2018

Great Writers Are Found With An Open Mind


I’d been suffering under the misguided illusion that the purpose of mainstream publishers like Penguin Random House was to sell and promote fine writing. A colleague’s forwarded email has set me straight. Sent to a literary agent, presumably this letter was also fired off to the agents of the entire Penguin Random House stable. The email cites the publisher’s ‘new company-wide goal’: for ‘both our new hires and the authors we acquire to reflect UK society by 2025.’ (Gotta love that shouty boldface.) ‘This means we want our authors and new colleagues to reflect the UK population taking into account ethnicity, gender, sexuality, social mobility and disability.’ The email proudly proclaims that the company has removed ‘the need for a university degree from nearly all our jobs’ — which, if my manuscript were being copy-edited and proof-read by folks whose university-educated predecessors already exhibited horrifyingly weak grammar and punctuation, I would find alarming.

The accompanying questionnaire for PRH authors is by turns fascinating, comical and depressing. Gender and ethnicity questions provide the coy ‘prefer not to say’ option, ensuring that being female or Japanese can remain your deep dark secret. As the old chocolate-or-vanilla sexes have multiplied into Baskin Robbins, responders to ‘How would you define your gender?’ may tick, ‘Prefer to use my own term’. In the pull-down menu under ‘How would you define your sexual orientation?’, ‘Bi’ and ‘Bisexual’ are listed as two completely different answers (what do these publishing worthies imagine ‘bi’ means?). Not subsumed by that mere ‘gender’ enquiry, out of only ten questions, ‘Do you identify as trans?’ merits a whole separate query — for 0.1 per cent of the population. (Thus with a staff of about 2,000, PRH will need to hire exactly two). You can self-classify as disabled, and three sequential questions obviously hope to elicit that you’ve been as badly educated as humanly possible.

Read the rest at The Spectator.

Being Aggressive Overcomes Fear - Jocko Willink and Jordan Peterson



What JBP actually says in this is Bravery Overcomes Fear.

What are you afraid of?

Sunday, June 17, 2018

Couple Reveals Child's Gender Five Years Too Late

Oh boy

A story that defies understanding until you realize... how old the parents are.

It's a boy! And he's five. Beck Laxton, 46, and partner Kieran Cooper, 44, have spent half the decade concealing the gender of their son, Sasha. "I wanted to avoid all that stereotyping," Laxton said.

I'm confused. Is being stereotyped as a boy worse than being stereotyped as a court jester with an extra chromosome? "Wha--! That is so offensive!" Agreed. So why did she do it?

"Stereotypes seem fundamentally stupid. Why would you want to slot people into boxes?"

On a hunch I checked out her blog to see how opposed she was to slotting people into boxes:


I may be wrong, but this appears to be a woman whose whole life is boxes.

The premise for this unstory is that the parents wanted to prevent any gender stereotyping, so hid the child's gender from everyone to let him [sic] grow unstereotyped.

The problem is that the parents already know the sex. They can't unknow it. They aren't acting from no information, they are acting in reaction to the information. They are saying they are raising him gender neutral, but what they are actually doing, precisely, is choosing not to raise him as a boy.

Sasha's gender was almost revealed when he took to running around their garden naked, but Beck was resolute and encouraged him to play with dolls to hide his masculinity.

Hide it from whom? The kid knows he's a boy. If he wants to play with dolls that's one thing, but evidently the dolls aren't for him, for his benefit, but as a signal to other people.

Not wanting other people to affect his development is fine, but as parents they are the most important influence in his early years, and their chief lesson is that who he is is less relevant than the appearance of who he is. They are telling him reality doesn't exist. Not "boys can do whatever they want" but "pretend you are not a boy."

As a "radical feminist", would she have encouraged the same denial from a daughter?

Read the rest at The Last Psychiatrist.

Esbe - Bloomsday



Sweet, soothing, and celebratory– a very fun album.

Saturday, June 16, 2018

Song Of The Stars



Dead Can Dance

We Are
The Stars
Which Sing

We Sing With
Our Light

We Are
The Birds
Of Fire

We Fly
Over
The Sky

Our Light
Is A Voice

We Make A Road
For The Spirit
To Pass Over

We Are
Like The Wind
Wrapped
Luminous Wind

We Make A Road
For The Spirits
To Pass Over

For The Spirits
To Pass Over

Outo,
Ba Mwen
Son Oue

Outo,
Ba Mwen
Son Oue

Tanbouye,
O Ba Mwen
Son Ou
Soley Leve

Outo,
Give Me
Your Sound

Outo,
Give Me
Your Sound

Drummer,
Give Me
Your Sound

Monty Python's John Cleese On Political Correctness and The Role of Offensive Comedy



Amazing that in the 80s it was conservatives who were stuffy and self-righteous, and who led moral panics against offensive speech, and today it seems far more often that conservatives are the ones poking fun at sacred cows, while liberals are more often the ones reacting with sanctimonious moral panic.

Friday, June 15, 2018

Hitler Agrees with Jeff Sessions Interpretation of Romans 13



I am merely enforcing the law!

John McAfee Flogs Docademic MTC Coin - What's The Benefit?



John McAfee is repping MTC coin (Medical Token Currency or Docademic) on Twitter, and I have a few questions about it.

Thursday, June 14, 2018

Dont Take On Me


But I'll be stumbling away
Slowly learning that life is okay
Say after me
It's no better to be safe than sorry

This Is The United States Vol #017 - Sarah Sanders Tries To Defend Migrant Family Separation Policy



Only the most credulously partisan Republican wingnut would choose to believe that the Democrats are making the Trump Administration do this.

As for the Bible, in the book of I Samuel, the children of Israel sin by clamoring to Samuel for God to appoint a government headed by a king to rule over them.

God is disappointed in them and tells them of all the misfortunes a king will bring to their nation.

One of the things He warns will happen is that the king will separate children from their parents.

Fox News North Korea Hypocrisy Caught on Tape


The Fox News North Korea hypocrisy video is making its rounds on the Internet this week after Now This dug up footage of Fox News anchors and analysts slamming Barack Obama for expressing his willingness to meet with North Korean leaders, and contrasting it with clips of the heavily partisan cable news network heaping effusive praise on President Trump for doing just that.

The video begins with a clip of one of the Fox & Friends morning show hosts, Steve Doocy, criticizing as "extraordinary" then-President Obama's willingness to meet with leaders of North Korea:

"Would you, as president, meet with the leaders of a country like North Korea? Obama, extraordinarily, said, 'I'd meet with them.'"


In another clip, Mike Huckabee (whose daughter, Sarah Huckabee Sanders, now works for Mr. Trump as White House Press Secretary) waxes indignant:

President Obama likes talking to dictators!


As Huckabee would have his audience believe, Obama doesn't merely talk to dictators as a necessary aspect of international diplomacy and statecraft (which would be bad enough, right!), but he actually likes it! He looks forward to it on his days off!

On the golf course he bellows a heavy sigh that he's not chatting up Robert Mugabi instead! "Hey Bobby, love what you're doing with the mustache!" This is what passes for commentary on partisan cable news networks like Fox News, CNN, and MSNBC.

Next up, Sarah Palin piles on with:

"He [Obama] would meet with some of these madmen without any preconditions."


Not to be outdone, Doocy gets two clips in the montage:

"[Talking as if he is Obama] 'You know, I'm gonna reach out to these crazy people around the world and try to get things done.'"


Followed by a Fox News analyst claiming:

"Obama is bowing and scraping before dictators."


And another asking Karl Rove:

"What is team Obama doing establishing formal contacts with these people?"


That was 2008 - 2016 Fox News under President Obama.

The difference between Fox then and Fox now, with a Republican President in the White House is emphasized to perfect comedic effect as the montage shifts to the recent Fox News North Korea coverage of President Trump's summit with Kim Jong Un in Singapore, playing over-the-top triumphant music (like the Star Wars throne room theme at the end of A New Hope) with a Fox News voiceover:

"A remarkable turnaround in relations between two historic adversaries!"


Then Sean Hannity:

"The commander in chief's leadership is now leading to a major foreign policy breakthrough– President Trump scoring a big win!"


And Laura Ingraham:

"President Trump proves the experts wrong again and scores a stunning diplomatic triumph."


Then one of the other two heads on Fox & Friend's three-headed partisan attack dog says this, echoing and reversing Sarah Palin's grievance against Obama:

"How about this? All he wants is to get them back to the table as a precondition."


Followed by Geraldo Rivera:

"It's breathtaking, it's audacious, it's bold. It will be historic. I'm juiced about it."


Careful Geraldo, you're starting to approach the partisan sycophancy of Chris Matthews, who actually bragged to Keith Olbermann and MSNBC's audience in 2008 that he felt a tingle go up his leg while listening to Obama speak. ("Look what a good Democrat I am, listening to Obama speak actually gives me literal physical pleasure." Partisanship on both sides is absolutely nuts!)

Hannity again:

"Obama would personally negotiate with the leaders of terrorist nations like Iran and North Korea without preconditions."


But now:

"The world will probably be a little bit safer. The media should be giving President Trump credit for that."


You can watch the entire montage here.

Democrats should not gloat over this either. Only consistent Independent voters and third party members can legitimately have a good laugh over this. Democrats spent all eight years of Obama doggedly defending him as he hit the gas pedal on nearly every aspect of the Bush Administration that Democrats found most egregious (like executive power, Wall Street corruption, never-ending military conflicts, and civil liberties violations), and elected Obama to reform in the first place.

The blatant inconsistency in coverage of POTUSes on different sides of the partisan duopoly should be enough for Independent voters to turn off all cable news (not just Fox) forever and stick with independent media online instead. It's okay to have an agenda, but the agenda should be principles and policies, not advancing parties, and conveniently switching positions on principles and policies every four to eight years, depending on who's in office.

What good could possibly come of that?

As I wrote on The Independent Voter Network in March of 2017:

"It seems that willful amnesia is the grease that oils the machine of partisan dysfunction."

Thank you to The Independent Voter Network for sponsoring this article.

Tuesday, June 12, 2018

The Epic of Gilgamesh - Tablet I, Part II: The Wild One


(Part I Here)

Gilgamesh
Walks Around
Within The
Walls of Uruk

Like A
Wild Bull
He Makes
Himself
Mighty

Head Held
High Over
The Others

There Is No
Rival Who Can
Raise A Sword
Against Him

His Men Stand
At The Alert
To The Sound
Of His Voice

But The Men
Of Uruk Grow
Anxious

Gilgamesh
Does Not
Leave A
Son To
His Father

Day And
Night He
Stretches Out
His Hand
To Take

Is Gilgamesh
The Keeper
Of Uruk-Haven?

Is He As
A Shepherd?

Bold,
Eminent,
Knowing,
Wise?

Gilgamesh
Does Not
Leave A
Girl To
Her Mother

The Daughters
Of Warriors,
The Brides
Of Young Men

Their Laments
Rose To The
Gods Above

So The Gods
Of The Sky
Implored Anu
Lord of Uruk

"Indeed Have
You Brought
Into Being
A Mighty
And Proud
Wild Bull

There Is No
Rival Who Can
Raise A Sword
Against Him

His Men Stand
At The Alert
To The Sound
Of His Voice

But The Men
Of Uruk Grow
Anxious

Gilgamesh
Does Not
Leave A
Son To
His Father

Day And
Night He
Stretches Out
His Hand
To Take

Is Gilgamesh
The Keeper
Of Uruk-Haven?

Is He As
A Shepherd?

Bold,
Eminent,
Knowing,
Wise?

Gilgamesh
Does Not
Leave A
Girl To
Her Mother

The Daughters
Of Warriors,
The Brides
Of Young Men"


Anu Heard
Their Laments
And The Gods
Called Out
To Aruru:

"It Was You
Aruru
Who Created
Mankind

Now Create
A Word

An Answer
To Equal The
Stormy Heart
Of Gilgamesh

Let Them Be
A Match For
Each Other

So That Uruk
May Find
Peace!"


When Aruru
Heard This
She Created
Within Herself
The Word
of Anu

Aruru Washed
Her Hands And
Pinched Off
Some Clay
Throwing It
Into The
Wilderness

In The Wild
She Created
Brave Enkidu
Son of Silence

Endowed With
Strength By
The Gods of
Thunder
And Rain

His Body
Was Shaggy
With Hair

His Hair Was
Grown Out
Like A Woman

His Locks
Billowed In
Profusion
Like Ashnan

He Knew Not
People Nor
Laws and Customs

But Did Wear
A Garment
Like Sumukan

He Ate
Grasses
With The
Gazelles

And Jostled
At The
Watering Hole
With The Animals

As With Animals
His Thirst Was
Only Sated
By Water

A Famous
Trapper Came
Face to Face
With Him
Opposite The
Watering Hole

A First
A Second
A Third Day

He Came
Face to Face
With Him
Opposite The
Watering Hole

At The Sight
Of Him The
Trapper's
Face Went
Stark With Fear

And Enkidu
And His
Animals Went
Back Home

The Trapper
Was Frozen
With Fear

Though His
Heart Pounded
And His Face
Went Pale

He Was Disturbed
To The Very Core

And His Face
Became Weary
As If He
Had Made A
Long Journey

The Trapper
Addressed His
Father Saying:

"Father, A
Certain Fellow
Has Come From
The Mountains

He Is
The Mightiest
In The Land!

His Strength
Is As Mighty
As The Hand
Of Anu!

He Continually
Goes Over
The Mountains

He Continually
Jostles At The
Watering Place
With The Animals

He Continually
Plants His Feet
Opposite The
Watering Place

I Was Afraid
So I Did Not
Go Up To Him

He Filled In
The Pits That
I Had Dug

He Wrenched
Out The Traps
I Had Spread

He Released
The Wild Animals
From My Grasp

He Does Not
Let Me Make
My Rounds In
The Wilderness!"

The Trapper's
Father Spoke
To Him Saying:

"My Son
There Lives
In Uruk A
Man Named
Gilgamesh

There Is No
One Stronger
Than He

He Is As
Strong As
The Hand
Of Anu

Go
Set Off
To Uruk

There Tell
Gilgamesh
Of This Man
Of Might

He Will Give
You The Harlot
Shamhat

Take Her
With You

The Woman Will
Overcome The
Fellow As If
She Were Strong

When The
Animals Are
Drinking At The
Watering Place
Have Her
Take Off
Her Robe
And Show
Her Sex

When He
Sees Her
He Will Draw
Near To Her

And His Animals
Who Grew Up In
His Wilderness
Will Be Alien
To Him"

So He Took His
Father's Advice

The Trapper
Went Off
To Uruk

He Made
The Journey

And Standing
Inside Uruk
The Trapper
Declared To
Gilgamesh:

"A Certain Fellow
Has Come From
The Mountains

He Is
The Mightiest
In The Land!

His Strength
Is As Mighty
As The Hand
Of Anu!

He Continually
Goes Over
The Mountains

He Continually
Jostles At The
Watering Place
With The Animals

He Continually
Plants His Feet
Opposite The
Watering Place

I Was Afraid
So I Did Not
Go Up To Him

He Filled In
The Pits That
I Had Dug

He Wrenched
Out The Traps
I Had Spread

He Released
The Wild Animals
From My Grasp

He Does Not
Let Me Make
My Rounds In
The Wilderness!"

Gilgamesh Said
To The Trapper:

"Go Trapper
Bring The
Harlot Shamhat
With You

When The
Animals Are
Drinking At The
Watering Place
Have Her
Take Off
Her Robe
And Show
Her Sex

When He
Sees Her
He Will Draw
Near To Her

And His Animals
Who Grew Up In
His Wilderness
Will Be Alien
To Him"

So The
Trapper Went
Taking The
Harlot Shamhat
With Him

They Set Off
On The Journey
Making Direct
Way


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Saturday, June 9, 2018

Giovanni Pierluigi da Palestrina Motets for 5 Voices



From Wikipedia:

Giovanni Pierluigi da Palestrina (c. 1525 – 2 February 1594) was an Italian Renaissance composer of sacred music and the best-known 16th-century representative of the Roman School of musical composition. He had a lasting influence on the development of church music, and his work has often been seen as the culmination of Renaissance polyphony.

In music, polyphony is one type of musical texture, where a texture is, generally speaking, the way that melodic, rhythmic, and harmonic aspects of a musical composition are combined to shape the overall sound and quality of the work. In particular, polyphony consists of two or more simultaneous lines of independent melody, as opposed to a musical texture with just one voice, monophony, or a texture with one dominant melodic voice accompanied by chords, which is called homophony.

Friday, June 8, 2018

Guide to Investing in CryptoCurrency for Beginners


The first of many globally successful private cryptocurrencies over the last decade, Bitcoin is history's most profitable investment so far.


To understand why, we first have to fundamentally understand what money is and why it's so valuable.

If you want to start investing in cryptocurrency, it's important to understand these fundamentals first.

One of the easiest ways to lose a lot of money investing is by not having a deep understanding of what you're putting your money into.



"Invest in what you know."


Peter Lynch is the legendary American investor and mutual fund manager who averaged a 29.2% annual return (more than doubling the S&P 500 stock index) from 1977 to 1990, the best performance of any mutual fund over that period in the world.

The assets under his management grew from $18 million in '77 to $14 billion by 1990.

He's famous for saying, "Invest in what you know."

CryptoCurrency Is Private Money


If you can't give a technically precise definition of money and its function in the economy, you are not ready to invest in cryptocurrency– yet.

Money is a product with certain features that solve problems people have– just like any product.

1. One of those problems is that many people produce far more than they can consume, and need a way to save the extra value they've created.

Money provides a store of value so that people can save, and have an incentive to produce even more.



2. Another problem is that everybody has too much of something and not enough of something else, but may not be able to find someone who has an excess of exactly what they need, and a lack of exactly what they have too much of to directly trade for it.

Money provides a universal medium of exchange so that everyone can trade what they have too much of for payment in money, knowing that they can trade money in payment for what they don't have enough of.



3. The third problem money solves is foundational to a modern, hyper-productive economy.

The problem is that in order to make useful calculations for advanced and complex economic undertakings, we need a way to understand and express the relative value of all goods in terms of each other.

Money provides a unit of account so that we can value goods and services, record debts (which is essential to the credit and capital markets, massive drivers of economic productivity), and make precise calculations to understand, manage, and grow our businesses as well as our personal finances.



Monopoly Money and Free Market Money


Up until the advent of Bitcoin, the world's money has been provided by central banks with legally-granted monopolies over money, under the pretense of providing it as a socialized good under the heavy-handed control of bureaucratic central planners with the best interests of "the general welfare" in mind.

In America the monopoly private bank in charge of the nation's money is the Federal Reserve.

It was founded in 1913, and is headed by a chair appointed by the President of the United States.



I'm going to get to some practical investment and financial advice with specific steps to follow to invest in cryptocurrency, but this next part is important to understand if you're just getting started.

It's the backstory and context to why the market for private cryptocurrency has emerged in the first place, and explains its meteoric rise, as well as its continued promise as an investment vehicle.

The Federal Reserve and U.S. Dollar


The Fed and U.S. government have exercised a tightly-controlled, legally-sanctioned monopoly over the market for money for over a century now.

And as with all coercive monopolies, the legally privileged few who operate it profit excessively and unfairly at the expense of everyone else.

When new entrants are not allowed to compete in the market for any product, the product stagnates.



The business that holds a monopoly over it can dictate terms to those who use it. The needs of the customers take a backseat to the profits of the monopoly.

The result is a product that costs those who use it more while providing them with less value.

This is the history of the U.S. Dollar since 1913.



Inflation Is Theft


The Federal Reserve system is constantly making every dollar we've earned worth less every year through inflation by creating massive amounts of new dollars and lending them to borrowers at a profit.

Because the U.S. government has actually made it a crime to create a private currency and aggressively prosecuted those who've tried, consumers and businesses have no choice but to use their funny money, and the entire monopoly monetary system has stolen trillions of dollars from everyone:



...and given all that stolen money to the owners of America's monopoly banking system.


(That's why the top campaign contributor to both Donald Trump and Hillary Clinton were both Wall Street hedge funds, and why Wall Street banks, which are essentially branches of the Federal Reserve, always number high among the top contributors to presidential candidates of both parties.)

In other countries like Venezuela, Greece, and Zimbabwe, the monopoly central banks stole so much so fast from economies that were not stable enough, that they completely collapsed their currencies and their entire economies.



But when multiple businesses in any product segment actually have to compete for willing customers in a free market instead of coercing them, their profits are dependent on serving the customer.

If they don't treat the customer fairly and if they don't continually innovate to improve their product, they will lose market share to competitors who do.


Previous attempts at creating private currencies (such as Liberty Dollar, E-gold, and Liberty Reserve) have been violently shut down with armed raids, prison time, and seizures of the private money by the incredibly corrupt government money monopoly.

But the creators of Bitcoin found a way to create a private, Internet-based currency that could not be stopped by making the entire system completely decentralized and peer-to-peer.



Unable to stop it, the U.S. federal government had to relent to the new reality that it could no longer aggressively hold onto its monopoly over money.

Cryptocurrencies like Bitcoin are legal in the United States, with the U.S. Treasury classifying bitcoin "as a convertible decentralized virtual currency in 2013. The Commodity Futures Trading Commission, CFTC, classified bitcoin as a commodity in September 2015. Per IRS, bitcoin is taxed as a property."

Now that you have an overview of what money is, and a good sense of the problem of government money monopolies (for more in depth study on the history of the Federal Reserve, I recommend The Creature from Jekyll Island by G. Edward Griffin), a brief overview of the solution is in order before diving into the specific steps to start investing in cryptocurrency...

Bitcoin, history's most profitable investment.


So far Bitcoin has been the most profitable investment opportunity of all time. And it happened in a flash.

In 2011 you could buy one bitcoin for 30 cents apiece, so for $100 you could buy 333.33 bitcoins in 2011.



If you didn't touch it during the wild ride up...

You could have sold your initial $100 investment of 333.33 BTC on Dec 17, 2017 for $6,594,267.



During that time, over a thousand other cryptocurrencies have emerged.

The market capitalization (or total value) of all cryptocurrencies exceeded $800 billion in 2018.


What drives the price of cryptocurrencies?


The demand for a product like Bitcoin appears insatiable, and in its wake, many other private digital currencies like Ethereum (ETH), Ripple (XRP), and Steem (SBD) have created massive fortunes.

The technically skilled software engineers who design them, the major companies that use them, and the speculators who invest in them have created the fastest growing part of the global economy.

Now everyone has many currencies to choose from. Private digital currencies can be customized to meet the needs and interests of those who use them.

As competition in the free market for currency intensifies, so will product innovation.

Private currencies like Bitcoin have features that are highly valued by the market: Many are open source, decentralized, peer-to-peer, secure, anonymous, and non-inflationary (unlike the U.S. dollar and other fiat currencies). They held instant appeal to a market place that has spent hundreds of billions buying them.


So investing in cryptocurrency is really not a bad idea.

But that doesn’t mean that people don’t have bad ideas about how to go about investing in cryptocurrency.

Like those people who took mortgages out at the height of Bitcoin’s price in December 2017 to buy massive amounts of BTC and then found their investment dropped by a gut wrenching amount overnight.



Most of them were probably terrified and sold their bitcoin at a massive loss. They’ll be traumatized over that for a long time if not the rest of their lives.

Which is a shame.

Because the problem wasn't cryptocurrency, the problem was they made an impulsive speculative gamble hoping to get rich quick, and worse, they did it with money they didn't even have!

And also because the growth of cryptocurrency, like the growth of broadband Internet and the World Wide Web in the late 1990s, saw a predictable early rush of premature over-investment (the “Dot Com Bubble” in the case of the web), but the World Wide Web continued to be a powerhouse engine of economic growth, and crypto is just getting started too.



So if you want to take advantage of this incredibly promising investment opportunity, follow these steps to ensure that you think and go about it the right way.

Despite the promise of easy millions that has happened for many fortunate people who were lucky enough to know about Bitcoin and other highly profitable cryptocurrencies, and invested in them early, you should not think of investing in cryptocurrency as a get rich quick scheme. It should be part of a broader financial plan and sound money mindset.

Even if you were to be so lucky and make millions of dollars' worth of cryptocurrency profits almost overnight, what do you think would make you so different from all those people who've won the lottery and gone from rags to riches and back to rags in no time because they didn't have good financial habits?

If you don't already have an overall financial plan, that's the first place to start as a foundational basis for getting into cryptocurrency and having the right financial mindset to protect and grow your wealth.

Step 1: Manage Debt First


(If you're already debt-free, have money to invest that you can afford to lose in a volatile, high-risk / high-reward market like cryptocurrency, skip to Step 2.)

Don’t finance your private currency portfolio with debt. Not even indirectly. That means if you have debts, and you’re interested in becoming wealthy by investing in cryptocurrency, start by whacking at those debts relentlessly. There isn’t enough space in this article for a truly in-depth guide on paying off debt and becoming debt free, but I can provide an overview.

First, write everything down. Get a nice notebook and a pencil and list your assets (how much money you have in checking accounts, savings accounts, retirement funds, etc.) in one column and your liabilities (credit cards, student loans, etc.) in another.

Then list all your monthly cash inflows and all your monthly expenses or outflows. If you want to become the kind of person who attracts money and accumulates wealth, you have to become an individual who produces more than they consume and invests the excess instead of spending it. It really is as simple as that, though it's not easy for everyone to do.

For many people, their time horizon is so short, that they are unable to delay gratification for future gain. Though luck certainly has something to do with it, and some poor people have just had extremely bad luck, if you are living in a relatively stable country with a lot of opportunities, and you're at least average of intelligence and in good health, the difference between the rich and poor is mostly that the poor spend their time and money, while the rich invest theirs.

Cashflow is king, and if you cannot balance your spending to stay within your income while increasing your income, you will never have enough money even if you win the lottery. That's why people who get suddenly rich through winning the lottery or overnight success in sports or entertainment end up in serious debt with a lot of zeroes on it even though they had millions to start with. If you want to invest in cryptocurrency to become wealthy, you have to learn how to think like the wealthy do.

So if you have debts, you must learn this financial discipline now, by making it your absolute mission to crush those debts as fast as possible. That means insanely decreasing your expenses and increasing your income. Everything non-essential that you're paying for has to go. Netflix is $12 a month. Kill it and spend the extra time reading to learn more about investing and cryptocurrencies. If you have cable, cut it. It's making you stupid anyway. Don't even think about eating out or drinking alcohol or soda pops.

If you smoke, quit now. What's the point anyway of becoming wealthy just to die an early death in pain and discomfort and not get to enjoy it?

I don't say this flippantly. I'm writing this guide to investing in cryptocurrency for myself first and foremost, to organize my thoughts and make a plan to start doing this. To pay off my two credit cards ($3600 and $2600 as of June 8, 2018) as fast as possible, I'm going to buy no more groceries until I eat every last canned good and pack of ramen in my cupboards.

Then I'm only eating bulk rice, beans, whole grain rolled oats, onions, potatoes, and eggs until my credit cards are paid off and I'm done bleeding $200 a month in interest and fees. I could be investing that, but I'm not because I haven't taken my debts seriously.

If you're in debt, I highly recommend you do the same. You might even get physically as well as financially healthier at the same time, so that's a big double win for you! You might find you can think more clearly too if your brain isn't full of all the junk sugars in bad food, nicotine, carcinogens, and cable television.

If you keep wasting money on instant gratification, which causes you to waste even more money on servicing debts you're dragging behind you, that next pizza you order could be costing 2028 You thousands and thousands of dollars of foregone cryptocurrency earnings. If it helps, that's how you have to view the price tags on all the little mindless pleasures that keep you in debt for a moment of fleeting pleasure today.

That pizza isn't going to cost you $12. It's going to cost you $12,000. Not worth it! I'm not saying there's no point in enjoying life, but not if you're in debt (i.e. indentured to a bank) and trying to become wealthy. So long as you have your daily bread, you will be fine.

Those animal pleasures like salts and sweets and smokes are not good enough for you. Instead you could be building your own empire and a fortune that lasts generations. If you miss Netflix and eating out, gorge yourself on useful information to fill the void instead. Man can not live by bread alone, but by every word that proceeds from the mouth of God.

Now the next step, and this is especially important if you have bigger debts than I do, like a millstone of student loans hanging around your neck, is you have to increase your income. Clear out Netflix, video games (unless you are a pro gamer, sell your consoles and put it toward your debts)– whatever it is that takes up your time– and get a second job or a part time job.

Take all the extra money you're making and the money you're saving from cutting back expenses and just repeatedly punch your debts in the face with it, until they're on the ground and down for the count. Use notorious financial advisor, Dave Ramsey's "debt snowball" method of paying off your smallest debt first, and then adding the monthly interest savings to your assault on the next biggest debt.

You may have to modify that a little based on which debt is costing you the most in interest and fees. Do what makes sense. Dave Ramsey is hardly bullish on cryptocurrencies, but he's an expert at helping people get out of debt (and he'll come around on cryptocurrencies when everyone else does).

Listen, I know you came here looking for a cryptocurrency investment guide for beginners, and not for advice on getting out of debt or becoming a better person, but if you look at cryptocurrencies as an easy way out of becoming smart with money, you are likely setting yourself up for a bad time, even if you do luck out on the next meteoric ICO (initial coin offering) and get dollars back for pennies overnight.

Maybe especially if you do. It'll pass right through you and burn hot and fast if you are the kind of person who turns all the gold you touch into things instead of turning all the things you touch into gold. And the crash after flying so high will be absolutely miserable.

Now the next steps are still a work in progress. They will be detailed and specific, but completely readable to a normal person. I'm aiming to have the rest of this guide completed by the end of next week. It will include an overview of major currencies, criteria for evaluating cryptocurrencies rationally (instead of according to hyped marketing), some important things to consider about ICOs, and step by step instructions for getting different kinds of cryptocurrency wallets set up and buying some cryptocurrencies.

If you would like to be notified when the rest of the guide is published, click here and type your email address into the form that pops up.

I'll be sure to let you know!

Thanks for reading.

Wednesday, June 6, 2018

Styx - Miss America