Bitcoin’s Future

Here, I want you to look at this.

I plotted out average Bitcoin prices for these years.

2015: 325

2018: 3,250

2021: 33,250

Let’s extrapolate with some hedge room.

2026: 330,000

2031: 3,330,000

Now, would you accept that as a return for any Bitcoin you have now?

I think you would be crazy not to.

So then why doesn’t everyone do this?

For the same reason I didn’t do it with stocks: I got scared.

We see the troughs that bitcoin goes through when it plunges. Plus, the media scares the daylights out of us.

No one can scare you like the media.

Whether it’s enlarging sunspots, Joro spiders parachuting down into your community, Y2K, or any other type of calamity they happen to dream up, nobody can scare you like the media.

Don’t forget about the near-miss asteroids.

The media’s programming of fear is relentless.

Fortunately, none of these issues the media warned us about was of any significant consequence.

Generally speaking, the stock market and Bitcoin have recovered from tremendous losses before.

This isn’t to say that you shouldn’t look into things when the media begins scaring you.

What I’m trying to tell you is that things aren’t always as bad or as good as they seem to be.

The media has a way of always looking on the upside when the markets are up, and always looking on the bad side when the markets are down.

If you want to be a successful investor you have to employ equanimity.

I invested in $51,000 in cryptocurrency the past year. I have converted all of that into Bitcoin. My net investment is now worth about $21,000.

That looks like a bad deal, right?

It looks like I should sell, especially since they are predicting that Bitcoin will fall to $7000.

Well, even if they do I’m going to have to stay in for the ride.

That’s what I did about a decade ago when I invested in Las Vegas Sands. I purchased Las Vegas Sands as it was plummeting.

The reason I kept buying was because I believed in the product. I would stay at the Venetian all the time before and after the 2008 collapse.

It was my home away from home.

I knew they had a good product. I knew they had a future. I read the income statements and balance sheets. I knew they were expanding throughout Asia. I would listen to Sheldon Adelson on conference calls. He didn’t seem worried at all. He remarked sardonically on one conference call that the media thought that his company was going to hell in a hand basket.

Obviously he was of a different opinion.

I kept buying into Las Vegas Sands because I had confidence in him and the company.

That is what calmed my media-induced fears.

I feel the same way about Bitcoin.

Now, of course, there is no CEO of Bitcoin that I can listen to on a conference call.

But I can listen to people who know more than me, people like Max Kaiser and Michael Saylor.

They don’t seem worried, and I assume that they have large investments in Bitcoin, just like Sheldon Adelson had a large investment in Las Vegas Sands.

Listening to their arguments, what they say seems to make sense to me.

Now, I don’t think that Bitcoin will have the huge returns that it did early on, but I still think there is room for significant growth.

There is even more room for growth when Bitcoin plunges some more.

Will I buy more, if Bitcoin plunges to $7000?

Probably not because I’ve already exceeded the limit that I have set for myself when investing in any particular stock or asset class.

Just because I have confidence in something doesn’t mean I’m going to bet my whole fortune on it.

Now if you were asking me to bet on my Pediatric practice, of course I would invest in it. It’s mine. And I get to call the shots on what I do on an every day basis.

Unfortunately, for Bitcoin, there are a lot of enemies out there who can do a lot of damage to it.

I can’t control all those factors.

Nor can I ever afford to underestimate the ruthlessness and greed of the misguided power elite who currently view Bitcoin as an enemy. There is a reason why the power elite are rich, and that reason is not altruism.

Nevertheless, I think the future for Bitcoin is bright, regardless of the fear the media conjures up.

Copyright 2022 Archer Crosley All Rights Reserved

Our Elections

Are our elections legitimate?

It depends which ones you’re talking about.

If you mean the ones for dogcatcher and your local representative, yes, I think they are.

If you’re talking about presidential elections and elections for senator and governor, I would say that the significant races are not legitimate.

Let’s just say that if the power elite want a certain person in power, they will move heaven and earth to achieve that result.

That doesn’t mean that they will always prevail; but it does mean that they will try to rig the election.

I don’t know why this should be a surprise to Americans as elections have been rigged for centuries now, not only here in the United States, but abroad as well.

Napoleon and his brothers rigged plebiscites in France in the early 1800s. They wouldn’t even bother to use numbers that would indicate legitimacy. They would use rounded numbers such as 16 million to 4 million.

Now, that’s audacity.

Unfortunately, in the United States we have a ruling power elite that insists on prosecuting this Frank Capra mirage of honesty upon our presidential elections.

Many Americans are happy to live in this fantasy world despite evidence to the contrary.

There is no convincing true believers that the election of Joe Biden in 2020 was illegitimate just as there is no convincing true believers that the election of George Bush in 2000 was illegitimate.

The myth of election integrity is a vital part of our American culture now.

The ruling elites need you to believe in this myth so that they can continue their policies which enrich them and impoverish you.

Numerous examples abound. Look at the problems around you.

Better yet, look at what isn’t around you.

Where is high-speed rail that can safely take you to another city 250 miles away in one to two hours? Wouldn’t that be a lot more convenient for you in the age of Uber and Lyft? Wouldn’t it be better for you to save all that mileage on your car while taking the train, and then taking an Uber when you get there?

That’s one example. I’m sure you can think of more than a few off the top of your head.

Where is the economy that makes its own useful things for its own citizens? Instead we are given a war economy which makes things to be used for killing other people in far away places like Yemen and Ukraine.

Why is that?

Why can we not fix homelessness? You know, of course, that homelessness is a racket now. Yes, that’s right. Most of the federal money that goes to fix homelessness largely goes not to the people who need it, but to the hucksters who profit off the homeless. Those would be the slumlords who kick out long term renters and convert their units to $100 a night bonanzas.

A real solution would entail preventing homelessness by giving people real opportunities with well-paying jobs. But, you see, that doesn’t profit the power elite who profit off misery, thus they will never undertake measures to help you.

A legitimate electoral system will never be a panacea to fixing our problems, but it is a step in the right direction.

There is no reason why we cannot have a secure electronic method of voting which includes a reasonable method of secure identification.

My various banks over the years have not made a mistake by even as much as a penny in over fifty years, so why isn’t that possible in our elections?

It’s isn’t possible because the ruling elite don’t trust you.

They think you are a bunch of schmucks who are too stupid to understand basic issues.

To a certain extent that may be true; there are a lot of stupid people out there. But, there are a lot of smart people out there too who don’t get any opportunity to express themselves except through an election.

An illegitimate election process disenfranchises them.

A legitimate election process is a threat to the ruling elite who are focused on money-making rackets such as war, welfare, and the prison industry rather than your welfare.

What would a legitimate election process look like?

It would not only involve electronic identification of voters but also a decentralization of the electoral process in the manner that our Founding Fathers had envisioned.

Our Founding Fathers weren’t stupid, you know. They weren’t born yesterday and dried under a leaf. They had a lot of experience with elections and corruption, and they knew a thing or two.

They devised a system that has been gradually transformed over the past two centuries. Your senators are not elected in the manner that the Founding Fathers had intended. That was all changed with the 17th amendment. That was a mistake.

Under the old system, your US Senators were chosen by your state legislature, not by direct vote. While it may seem to be an improvement to have you choose your US Senator, it really is not. It really works to your disadvantage. In several ways.

  1. Your state representative, who you can know, knows the global issues of your state better than you do. Your US senator is supposed to represent the interests of the state in which you live, not what the national conversation is on abortion or homelessness. Does this make sense? Under direct vote by citizen, the national media can pivot the election of the senator on national issues – not local issues more relevant to you. Under direct vote by citizen, your senator becomes a viceroy from Washington – which is what the power elite desire.
  2. You can easily know your state representative who in turn will know the senator who will represent you in Washington. Thus you are one person removed from knowing a senator – which is pretty good. You can then know the guy who knows the guy. Currently, you don’t know your senator; your senator doesn’t know you. Furthermore your senator doesn’t have the time for you because you are one amongst millions. Your senator currently has more time for Hollywood celebrities and leaders of corporations who he or she assumes represents you.

It’s no coincidence that America has become a centralized war-making machine since the 17th amendment was adopted. If we are to return it to a decent republic that 17th amendment needs to be modified or repealed.

The argument for the 17th amendment was that US senators were chosen in smoke-filled rooms, and that, because of political conflict, some US senator weren’t seated at all. My response to that would be the following: Yes, senator were chosen in smoke-filled rooms, but it was your smoke-filled room with representatives that you selected. It’s far better for it to be your smoke-filled room than Washington’s smoke-filled room. As for US senators not being seated at all, a simple tie-breaker methodology could fix that. It would be far better to have a coin flip to elect a US senator than to adopt the 17th amendment which has given us this dysphoric war economy that we now live under.

Likewise the presidential election was changed also. You the citizen as originally intended did not vote for president; that was done by members of Congress – which was the superior way, because, again, they know the issues better, and secondly, because you can know the guy who knows the guy. With direct vote, it’s virtually impossible for you to know the president. With direct vote, the president is elected by the media, controlled by the power elite, who are only too happy to chaperone you into the cattle pens of opinion that they desire. Additionally, the presidential campaign becomes a joke, a silly contest of one-liners and tearjerker rejoinders.

It would be far better, and cheaper, to have our president chosen by members of Congress than by us. Do you see why? You will know the guy, who knows the guy who elects the president. The presidents in turn will know the guy who knows the guy who knows you. When you know someone they are more responsive to you because they know who butters their bread.

You aren’t getting that now. What you’re getting now are senators and presidents who are too far removed from you.

An electoral system of indirect election of senators and presidents is the superior model. That combined with rational and reasonable secure voting should make for a better life for Americans.

Copyright 2022 Archer Crosley All Rights Reserved

Recessions are Good

Recessions are good.

You wouldn’t know that by listening to the mainstream media. They think recessions are bad.

It’s a good thing the media is not in charge of the human body. If it were, your body would never sleep.

Sleep is good.

Recessions are good.

Sleep gives your body time to repair itself. It gives the body the opportunity to focus on ridding itself of the excess toxins that have built up in the body.

When you are asleep, your body is in a relative state of inactivity. In other words you’re not continuing to build up those toxins.

What’s wrong with that?

Did you sleep last night?

What happens if you only sleep two hours per night?

Just as a body needs to sleep, so does an economy.

A recession gives the economy the time to rid itself of its toxins.

The toxins are the hucksters, scammers, and con-men who flourish in times of expansion.

The toxins are also those unfruitful projects that are undertaken when cash is flush.

When times are good, hucksters thrive.

Ponzi scheme artists like Bernie Madoff did very well when the economy was good.

When the economy goes south and cash is tight, Ponzi schemers don’t have the income in cash from new investors to pay off the old investors.

Thus the scheme fails and is ultimately exposed.

That’s a good thing.

Another good thing that happens in a recession is that because money is tight, companies start cutting back on all the unnecessary unfruitful expenses.

You do it as a person, and companies do it on a company level.

Just as you may get rid of your gym membership, or your HBO membership when times are tight, companies get rid of all the stupid things that they invested in – such as self-driving cars.

Apple got involved in self-driving cars. What did Apple know about the automobile industry? Nothing.

Why did they get involved? Because everybody else was getting involved, because cash was flush, and because everyone else was stupid and hadn’t thought it out.

Perhaps Apple was told that the train was leaving the station, and that they weren’t on it. This is a popular expression on Wall Street. You will hear this one a few times in your career.

Ah, yes, the fear of abandonment; it works every time.

Well, it would’ve been prudent to ask where the train was going to.

When a recession hits, Apple will be forced to jettison this stupid idea.

This is a good thing.

When times are tight, you focus on what is essential.

You tighten up your game.

You invest your resources in your core business.

You stop getting involved in things in which you have no business being involved.

The end result is that once again you become a lean, mean, fighting machine.

When everything gets tightened up, and you improve your game, magically you wake up and are refreshed and ready to fight even stronger than you were before.

And all of this was made possible by sleep or in the case of an economy a recession.

Recessions are not bad things.

Recessions are necessary things.

Recessions are good things.

Never be scared of a recession. It is a necessary part of life.

Sincerely,

Archer Crosley

Copyright 2022 Archer Crosley All Rights Reserved

All in on Bitcoin

I’ve spent some time today listening to Peter Schiff talk about Bitcoin and his arguments against this particular cryptocurrency.

To begin with. I like listening to Peter Schiff. He’s one of the few economists out there who is able to communicate effectively without devolving into eco-babble.

That’s probably why he has been a successful author.

He has an engaging personality.

Nevertheless I disagree with his arguments against Bitcoin.

I will go over a few of his arguments with my comments.

Number one, he says that Bitcoin is not unique. He states that anyone can make a cryptocurrency. This argument is as valid as saying that anyone can make a burger.

Yes, this is true, but not everyone can be McDonald’s.

McDonald’s is a multi-billion dollar corporation because they have figured out a way to make a reliable burger that is tasty. McDonald’s value also comes about because they invest a tremendous amount of money in advertising.

This is Bitcoin‘s primary advantage. They were there first, and they are always in the news.

That’s a big advantage. That’s why they’re number one.

If Ethereum had been first out of the block, they would have been the primary cryptocurrency.

The same could be said of Polkadot or Cardano.

But they weren’t. Bitcoin was first.

Secondly, Peter Schiff makes the argument that there is no value in Bitcoin.

He says that you can’t eat it like a commodity. You can’t wear it like a piece of gold. It doesn’t provide interest as a bond does, nor does it provide a dividend as a stock may do.

All of this is true. And yet it is not true.

Bitcoin does have value in that it provides a store of value. That’s what Bitcoin is. It is nothing more than a giant ledger that is distributed out on thousands upon thousands of servers around the world.

The whole point of Bitcoin is to provide a standard which cannot be inflated by man.

Peter Schiff points to the wild swings in Bitcoin as evidence that it is a pyramid scheme.

He sees those wild swings as evidence that Bitcoin is nothing more than a scam in which the early investors sell to the suckers who come in later.

Well, perhaps to a certain extent that is true. I don’t doubt that there are people who are cashing in their winnings.

But isn’t that also true of the stock market?

I’ve listen to Jim Cramer for years now, and he is always advising people to sell high and buy low.

That’s just human nature.

But does that mean that the stock market is a pyramid scheme?

Not necessarily, although I do believe it is. Ha ha.

I suppose if we look at the stock market and Bitcoin as a market place where early investors sell high and make a profit, we can view it as a pyramid scheme.

But that doesn’t mean that everyone is viewing the stock market or Bitcoin in that way.

There are many people who are investing in Bitcoin because they are tired of fiat currency destroying the value of their money.

There are many people who are investing in Bitcoin because they feel that the ledger that is Bitcoin will grow in value as more people come on board.

That’s one of the reasons why Bitcoin is increasing in value.

Bitcoin is increasing in value because more and more people are buying into the concept of this distributed ledger as a means of safeguarding their money.

Just as McDonald’s increases in value through goodwill, that intangible asset that signifies that this company provides a valuable service, Bitcoin is also increasing in value through goodwill.

That’s part of the reason why Bitcoin exploded in value.

Nevertheless, Peter Schiff demeans Bitcoin while extolling the value of gold.

To begin with, gold is not all that useful a metal when it comes to industry. Silver is the far more useful metal. Gold is used more for ornamental value – jewelry.

Yes, it’s true you can’t wear Bitcoin like you can wear gold.

However, Bitcoin is far more useful as a fungible asset than gold.

I don’t want gold bars being shipped to my house. I don’t want to have to worry about someone stealing my gold bars.

I don’t fully trust these gold funds either.

Bitcoin is attractive to me because I can purchase it on my phone and I can access it readily. If I want to dispense of it I can do that also, and I can do that very easily. That makes Bitcoin extremely useful and therefore valuable to me. Actually, it makes it more attractive and more useful than gold.

These are the reasons why I am investing in Bitcoin.

To tell you the truth, after this recent drawdown, I took the rest of my cryptocurrencies and converted them into Bitcoin.

I got rid of everything else. I got rid of Ethereum, Cardono, Polkadot, OMG, Ankr, Dogecoin, Shiba.

I am all in on Bitcoin.

Just so you know, my initial investment was 53,000. Today my value stands at 20,000.

I don’t like taking the hit, but I have to go with my gut.

I don’t think the powers that be will shut down Bitcoin. I think they would be fools if they did.

Bitcoin cannot only serve the needs of the regular people, it can also serve the needs of the rich. The rich need a hedge against inflation also.

Bitcoin will never replace the dollar or other national currencies, nor should it.

In that respect, Bitcoin is necessary and therefore valuable.

Sincerely,

Archer Crosley

Copyright 2022 Archer Crosley All Rights Reserved

All In on Bitcoin

I’ve spent some time today listening to Peter Schiff talk about Bitcoin and his arguments against this particular cryptocurrency.

To begin with. I like listening to Peter Schiff. He’s one of the few economists out there who is able to communicate effectively without devolving into eco-babble.

That’s probably why he has been a successful author.

He has an engaging personality.

Nevertheless I disagree with his arguments against Bitcoin.

I will go over a few of his arguments with my comments.

Number one, he says that Bitcoin is not unique. He states that anyone can make a cryptocurrency. This argument is as valid as saying that anyone can make a burger.

Yes, this is true, but not everyone can be McDonald’s.

McDonald’s is a multi-billion dollar corporation because they have figured out a way to make a reliable, tasty burger. McDonald’s value also comes about because they invest a tremendous amount of money in advertising.

This is Bitcoin‘s primary advantage. They were there first, and they are always in the news.

That’s a big advantage. That’s why they’re number one.

If Ethereum had been first out of the block, they would have been the primary cryptocurrency.

The same could be said of Polkadot or Cardano.

But they weren’t. Bitcoin was first.

Secondly, Peter Schiff makes the argument that there is no value in Bitcoin.

He says that you can’t eat it like a commodity. You can’t wear it like a piece of gold. It doesn’t provide interest as a bond does, nor does it provide a dividend as a stock may do, or at least used to.

All of this is true. And yet it is not true.

Bitcoin does have value in that it provides a store of value. That’s what Bitcoin is. It is nothing more than a giant ledger that is distributed out upon thousands upon thousands of servers around the world.

The whole point of Bitcoin is to provide a standard which cannot be inflated by man.

Peter Schiff points to the wild swings in Bitcoin as evidence that it is a pyramid scheme.

He sees those wild swings as evidence that Bitcoin is nothing more than a scam in which the early investors sell to the suckers who come in later.

Well, perhaps to a certain extent that is true. I don’t doubt that there are people who are cashing in their winnings.

But isn’t that also true of the stock market?

I’ve listen to Jim Cramer for years now, and he is always advising people to sell high and buy low.

That’s just human nature.

But does that mean that the stock market is a pyramid scheme?

Not necessarily, although I do believe it is. Ha ha.

I suppose if we look at the stock market and Bitcoin as a market place where early investors sell high and make a profit, we can view it as a pyramid scheme.

But that doesn’t mean that everyone is viewing the stock market or Bitcoin in that way.

There are many people who are investing in Bitcoin because they are tired of fiat currency destroying the value of their money.

There are many people who are investing in Bitcoin because they feel that the ledger that is Bitcoin will grow in value as more people come on board.

That’s one of the reasons why Bitcoin is increasing in value.

Bitcoin is increasing in value because more and more people are buying into the concept of this distributed ledger as a means of safeguarding their money.

Just as McDonald’s increases in value through goodwill, that intangible asset that signifies that this company provides a valuable service, Bitcoin is also increasing in value through goodwill.

That’s part of the reason why Bitcoin exploded in value.

Nevertheless, Peter Schiff demeans Bitcoin while extolling the value of gold.

To begin with, gold is not all that useful a metal when it comes to industry. Silver is the far more useful metal. Gold is used more for ornamental value – jewelry.

Yes, it’s true you can’t wear Bitcoin like you can wear gold.

However, Bitcoin is far more useful as a fungible asset than gold.

I don’t want gold bars being shipped to my house. I don’t want to have to worry about someone stealing my gold bars.

I don’t fully trust these gold funds either.

Bitcoin is attractive to me because I can purchase it on my phone and I can access it readily. If I want to dispense of it I can do that also, and I can do that very easily. That makes Bitcoin extremely useful and therefore valuable to me. Actually, it makes it more attractive and more useful than gold.

These are the reasons why I am investing in Bitcoin.

To tell you the truth, after this recent drawdown, I took the rest of my crypto currencies and converted them into Bitcoin.

I got rid of everything else. I got rid of Ethereum, Cardono, Polkadot, OMG, Ankr, Dogecoin, Shiba.

I am all in on Bitcoin.

Now, with that stated let me make one more point. Gold was not chosen as a standard for money in years past because it was flashy, useful, or had a return on the dollar.

It was chosen because it was rare. It couldn’t be suddenly inflated. And it was unlikely to be thrown in trash.

Bitcoin shares those qualities. If administered in an uncorrupted manner Bitcoin can work for everyone.

Sincerely,

Archer Crosley

Copyright 2022 Archer Crosley All Rights Reserved

I Support the Founding Fathers, Old and New, Those Traitorous Insurrectionists

Are you one of these people who condemns the January 6 insurrection?

Are you a wimpy, wussy bitch like Sean Hannity who condemns the invasion of the Capitol?

Not me.

Are you sick and tired of these pseudo-conservative cowards who constantly egg people on to do something about the unfairness in society, and then, when the people act, condemn what they do?

Why should any of us condemn what those brave insurrectionists did on January 6?

Do you condemn the American colonists and the Founding Fathers for standing up to the British?

They would’ve been hung, you know, by that tyrant and motherfucker, King George, if they had failed. That’s what British monarchs did.

They also impaled their insurrectionists on poles outside the city of London up until the 1800s, not too long ago.

Oh, you say, it’s not the same thing. You can’t compare the Founding Fathers and the insurrectionists on January 6.

Oh, yes, it is the same thing.

It’s exactly the same thing.

That’s why I don’t condemn what the insurrectionists did.

Yes, I know the protesters were goaded into entering the Capitol building. I hear you, babe. They were.

Nevertheless, they were breaking the law. Even though it was a set up, they were breaking the law, and they knew it.

So fucking what?

The American colonists who rebelled against the British were breaking the law also.

Newsflash! The British were the law in America in the early 1700s.

The American colonists were not rebelling against a foreign invading force.

The British were America.

The joint was called British America.

There was no United States of America at the time.

What the people who entered the Capitol building on January 6 did was the same thing that the American colonists did against the British: they were rebelling against the existing law and order.

Hello!!!

If you are going to condemn the insurrectionists on January 6, then you must also stand against Thomas Jefferson, James Madison, Benjamin Franklin, George Washington, and, yes, even the scoundrel, Alexander Hamilton.

You can’t have it both ways.

If you are going to condemn the insurrectionists on January 6, then you must condemn the Boston Tea Party.

That’s what that little wussy bitch, Sean Hannity, doesn’t understand.

That’s what that other coward, Tucker Carlson, doesn’t understand.

They fall all over themselves in condemning the insurrectionionists on January 6.

We must renounce violence, they speak in grave, measured tones.

Is that a fact?

Did George Washington renounce violence, Sean Hannity?

Did Thomas Jefferson renounce violence, Tucker Carlson?

Did James Madison renounce violence?

Did Alexander Hamilton renounce violence?

Did Betsy Ross renounce violence?

No, they did not. So why do Tucker Carlson and Sean Hannity renounce violence?

Wait a minute, here’s Oprah Winfrey.

Oprah Winfrey says in low measured tones that we must renounce violence. Her puppets nod approvingly.

Wait a minute, Oprah. Did Nat Turner renounce violence?

No, he did not. He led a slave rebellion. Would you prefer that he have renounced violence, as you recommend, and become a coward in the face of injustice?

I doubt it.

So then why do Sean Hannity and Tucker Carlson renounce violence?

Could it be that they are, after all, corporate stooges who are more interested in their own pocketbooks.

Yes.

They renounce violence and denounce the January 6 insurrectionists because they want to keep their television shows. They don’t want to risk anything for American freedom.

They are stone cold cowards hiding behind their mommy’s skirt.

They are betrayers of the American experiment.

I support the insurrectionists 100%.

I am glad they invaded the Capitol building.

They are not American villains. They are American heroes.

That fucking Congress and those fucking elites stole an election. Moreover they betrayed the American people.

They stole the election for Joe Biden just as they stole the election for George Bush 20 years prior. Ha ha, Democrats. Ha ha, Republicans.

Our leaders have been betraying the American people for the last 100 years.

We’ve had nonstop war in this country. We’ve had outsourcing of jobs.

We have inflation out the ass. We have homeless rapidly filling our cities. Drugs and crime abound. Instead of well paying jobs we have gambling, celebrity culture, cheap gossip, and tattoos.

Instead of quality education which encourages students to think critically and learn, we have standardized tests which encourages rote memory and blind obedience. Is it any wonder that children are stressed out? Teen suicides are on the rise. Preteen suicides are on the rise. School shootings are now the norm.

We have had nobody sticking up for us.

Why would I want to go against those people who had the guts to do something about it?

I’m not going to fall over myself trying to condemn them. I’m going to announce my support for them.

They are not the ones who should be in jail. The ones who should be in jail are the very representatives who betrayed American values and who sold their souls to Corporate America.

There, I said it. And I’m not apologizing.

Fuck you, Sean Hannity, you amazing coward.

Ditto to Tucker Carlson.

Sincerely,

Archer Crosley

Copyright 2022 Archer Crosley All Rights Reserved

Winning is Everything

The Johnny Depp Amber Heard trial was over before it began.

She had no chance.

It’s a testament to the mob rule system of justice that our corporate media has created.

The goal is to win at all costs. Winning is everything to these fools. The truth means nothing.

What social media did was create a climate in which the jury had no choice but to rule in Mr. Depp’s favor.

The facts made little difference.

The jury does not live in a vacuum.

Regardless of the judge’s instructions, it’s impossible for the jury to not feel the pressures of the world in which they live.

The trial was broadcast everywhere.

The jurors themselves had to go home at night. They didn’t sleep in the court room.

How could they escape the relentless pressure of guilt that was ascribed to Amber Heard?

They could not.

Every single video on YouTube was relentlessly slanted against her.

We were told time and again that she was not really crying, that there were no tears, that her defense attorneys were out-matched, that Ms. Vasquez’s performance was so stunning.

Clearly this was an orchestrated attempt to create a climate of conviction against her.

The media is laughing at us.

It was an experiment to prove that they could arrive at any verdict they desired to obtain.

No juror could withstand the peer pressure of millions of people who were convinced of Amber Heard’s lies.

It’s no surprise that one of the jurors has spoken out about Miss Heard’s crocodile tears.

Facts meant nothing to this fool.

The wailing of Mr. Depp on an airplane. The smashing of cabinets in a video. His own description of himself as a monster. The destroyed furniture in the house. His past history of trashing a hotel room. His past history of never being able to keep a spouse. His former girlfriend’s description of him as a very jealous man. His own description of his childhood as abusive. His unrelenting addiction to drugs. His tardiness on a movie set in which hundreds of professionals were kept waiting. His audio-taped abuse of his wife, Miss Heard, in which he refers to her as fat ass.

Apparently none of this was taken into consideration. The only thing that counted was the fact that Ms. Heard did not shed tears.

Or maybe what bothered the juror was that she simply didn’t sound believable.

It might’ve been that she didn’t have the acting skills of Johnny Depp.

Amber Heard is not a method actor. And as her acting coach explained, it’s very difficult for a non-method actor to re-create tears.

It’s also possible that Ms. Heard, herself a victim of abuse as a child, had instinctively learned to be more stoic in life and less likely to exhibit emotion.

Perhaps Ms. Heard was attempting to maintain some control on the witness stand and could not fully psychologically go down the road of recreating that pain that she had suffered.

There could’ve been a million and one reasons why she wasn’t able to exhibit tears.

I did notice though that her eyes became red on at least one occasion.

Emotion is not just about tears. It’s a sympathetic response that produces congestion in the nose, redness in the eyes, and sometimes tears.

But it shouldn’t be the sole determining factor in guilt.

Sometimes it’s difficult to be emotional about events that have happened five years and ten years in the past.

We’ve become accustomed to the pain. We’ve moved on.

Unfortunately, she had a jury of boobs who didn’t have the mental maturity to understand that they had been programmed by a relentless media that was slanted against her.

It was a jury of gutless autograph hounds, bandwagon hoppers, cowards to the max.

They joined the raging mob screaming for the release of Barabbas.

That’s what was going on in that trial.

That is why the jury ruled against her.

She had no chance at all.

The trial was over before it began.

Sincerely,

Archer Crosley

Copyright 2022 Archer Crosley All Rights Reserved

What’s Going on in Sri Lanka

Sri Lanka is exhibiting a crisis. 

What is the crisis, and why are they experiencing it?

The main problems that Sri Lanka is suffering are shortages and severe inflation.  Savings are being wiped out through inflation.  Commodities are hard to come by.

Why are they experiencing this crisis?

Primarily through government mismanagement.  Secondarily through bad luck.

Sri Lanka’s economy depends upon the following:

  • Rice exports
  • Tourism
  • Foreign Remittances (Sri Lankans working abroad sending money back home to mom)

A nation’s economy is like a person’s economy.  You have to take in enough money to pay for things.  If you take in a lot of money, you can buy a lot of things and times are good. If you don’t take in any money, you can’t buy anything and times are bad. 

It’s very much like losing your job: you’re broke.  

What happened to Sri Lanka is that three things came together about the same time to do damage to their economy.

A few years ago, the government decided to go organic with regard to fertilizers.  They listened to the hippies and wanted to be the first country to be “chemical fertilizer free”. When they did that, the yield of their crops plummeted. They therefore didn’t have enough crops to sell.  The result was that net income for the economy went down.

Then there was the pandemic. When the pandemic hit, tourism obviously plummeted. In addition to that the pandemic forced closure of borders worldwide. Sri Lankans who work outside their own country and then sent money back to the country through foreign remittances were unable to do so.

Thus, plummeting exports, decreased tourism, and decreased foreign remittances plunged the economy of Sri Lanka into chaos. The government and people didn’t have enough money coming in, and their country wasn’t resilient enough to be self-sufficient; consequently, Sri Lanka had to borrow money to stay afloat.

It’s like when you want to eat and you’re broke. You have to put money on the credit card.

Of course, Sri Lanka had been borrowing money before the pandemic, before these crises, but now they had to borrow more.  

The problem that Sri Lanka faces now is that the people of the world now know that Sri Lanka is a debtor nation and unable to pay.  Consequently, they are unwilling to loan more money or even sell them goods.  Thus the shortages.

It’s kind of like when you run up a tab at a store and never pay.  Sooner or later the store is going to cut you off.

Here is a nice picture that depicts trade balance and what it does to a nation.

When you have shortages in the economy, the price of the goods goes up. It goes up because you have, relatively speaking, too much money chasing a smaller amount of goods.  

In other words, the price of gasoline and food goes up.

When the price goes too high, the people become unhappy. They start to assemble and riot.  Other countries notice this and become frightened. They wonder whether they should continue to sell there.

What most governments do in a time of crisis like this is to devalue their currency.  Essentially what the nation does is print up lots of paper money so as to give to the people.  That way they can afford things.  In addition, devaluing the currency makes it easier for foreign countries to buy your products.  That’s because their (the other country’s) currency has greater purchasing power for your goods.

Of course, other nations are watching what is going on. They see that the currency of Sri Lanka is being devalued.   They are not interested in that because when a country devalues its currency, it becomes more difficult for the people of the country where the currency is devalued to buy foreign products. 

Here is a diagram that demonstrates the effects of devaluing or depreciating a currency.

Of course, devaluing the currency is only a short term band-aid.  Devaluing the currency only leads to further devaluation.  It’s like a dog trying to catch its tail.  The harder the dog runs, the more its tail slips away.

What is needed is often what leaders reluctantly engage in: Thought.

Sri Lanka’s leaders needs to sit down and think about its economy. They need to ask themselves where they want to be five and ten years down the road. They need to ask themselves what type of economy will work for the people of Sri Lanka.

Is it sustainable to rely principally on tourism and foreign remittances?  Most countries that rely on tourism are generally poorer countries.  Foreign remittances put you at the mercy of another nation.  In that scenario you are not an owner, but an employee.

Is it possible for Sri Lanka to be more self-sufficient? Can Sri Lankans do for themselves what others will not?

Sri Lanka’s crisis is illustrative of the problems with globalism as it currently exists.  A more self-sufficient country can help immunize Sri Lanka against the breakdown of communication channels with other nations such as what occurred with the pandemic.

The answer is not to borrow your way out of the problem. Should Sri Lanka decide to borrow their way out through the IMF, they will put themselves in a dependent position.  Further compounding the problem is that the IMF is run by crooks who play hardball.  

If Sri Lanka goes the way of the IMF, the IMF can start dictating the shots in Sri Lanka.  They can impose austerity measures; they can influence elections; they can rape Sri Lanka for centuries. 

Currently, many people from Sri Lanka and India are angry at the Chinese because the Chinese refuse to restructure Sri Lanka’s debt to China. Maybe the Chinese know something that the people of Sri Lanka do not:  It’s better to eat the pain now and pay your debts.  Doing so will force the leaders of Sri Lanka to rethink their economy.

Furthermore, why should China restructure the debt until they see that Sri Lanka has made substantive reforms in their policy?  Restructuring Chinese debt without substantive change only kicks the can down the road. In fact, it puts Chinese investment in greater peril.

So what would I recommend for Sri Lanka to get over the short term crisis.

  • Slow pay your current debts. Paying something is better than paying nothing. 
  • Sell off the Gucci shoes and unnecessary assets.
  • Get rid of HBO and other luxury expenses.  
  • Pay off the debts that have the lowest balances yet biggest monthly payments.  What you want to do is restore gain – the ability to take in more than you play out.
  • Ramp up production. You have to go back to work.
  • Sell future tourism packages on the cheap today.
  • Sell future rice today on the cheap.
  • Sell some real estate.
  • License out your minerals.
  • Slowly, slowly, slowly take money out of circulation.  This can be accomplished by raising interest rates which effectively sequesters money away inside banks.
  • Start sharing amongst your citizens.  Everybody has to be in this together.

Above all, do NOT borrow your way out of debt. Do not let those fuckers at the IMF get their hooks into you.

Archer Crosley

Copyright 2022   Archer Crosley   All Rights Reserved

Rollercoasters and Renoir

Hey, cryptocurrency enthusiasts, are you enjoying the ride?

Are rollercoasters too scary for you?

I am afraid of rollercoasters. I don’t like them, at least not the modern day rollercoaster.

I don’t want to die.

But this rollercoaster is different. I don’t feel the fear. I have an odd sense of calm.

I am enjoying this rollercoaster ride that our criminal elite are dragging us along on.

Thank you, Buffett.

Thank you, Munger.

Thank you, Diller.

Thank you, criminal elite.

Thank you, Vox Nazis.

The other day I checked my Coinbase portfolio (spread over various cryptocurrencies but principally Bitcoin, Ethereum and Cardano). It was worth about $23,000 which is down $15,000 from when I first invested.

My Cashapp portfolio of Bitcoin was worth about $7500. I figured that was down about 25% from when I first purchased. I beefed it up $2000 by buying more Bitcoin at 30,000.

In total then I am down about $18,000.

So what am I going to do?

I’ve already fixed my bayonet.

I am ready to go down for the ten count.

Today is a good day to die.

Come and get me, Munger.

I’m not selling because I believe in the legitimacy of cryptocurrency. And I think our elite criminal class does also.

So I’m going to keep my Renoir paintings.

That’s the way I look at cryptocurrency right now. I view crypto the same way that art aficionados viewed impression art in early 1900s.

While most people didn’t understand the art and perhaps degraded it, a few savvy investors did like it and brought it up.

Those people did pretty well.

They were able to see the potential in this new way of painting. They saw it as something different and something exciting.

They thought that it had legs, and they were right.

That’s the healthy way to look at crypto.

Yes, there are many cryptocurrencies and many coins out there today, and it can be daunting, but there were many impressionist paintings being pumped out one hundred years ago.

I’m sure the art scene was overwhelming to the senses. There was good art, and there was bad art.

Just as there are many detractors of cryptocurrency today, there were detractors of impressionist art over 100 years ago.

The detractors of cryptocurrency use the term shit coins; over 100 years ago they used the term shit art.

And most likely, there was a lot of shit art out there.

But there was a lot of good art too.

And that’s why I’m keeping my Renoir.

You could pick up these Renoirs and van Goghs for practically free when they were being painted, which is the stage that crypto is at now, but that’s not going to be the case 50 and 75 years from today.

So, what I recommend is that you view crypto in the same way you would view an impressive painting if you were walking along the bank of the Seine river in Paris 100 years ago.

You spot a little man, perhaps a deformed man, who wants to sell you a painting. You look at him and his art in a bemused manner. He says that his name is Toulouse and that he will sell you the painting for $25 in 2022 currency.

The painting catches the eye, although you are not sure precisely why. You decide to buy because it is within your budget. Your friends who are accompanying you tell you that you are throwing your money away, but you conclude that you have that money to throw away.

Your friends plead with you. They quote the art authorities of the day who have derided this type of art as shit.

You buy.

That’s what I recommend that you do now. Buy a little crypto.

I know the roller coaster ride is pretty rough right now, and I think it’s going to get rougher.

I’m going to hold tight though.

I am ready to die in this battle.

Sincerely,

Archer Crosley

Copyright 2022 Archer Crosley All Rights Reserved

Harvard and God

Where did Harvard go wrong?

First things first. Harvard is not a group of nutty professors sitting around a living room in beatnik clothes entertaining Che Guevara and the leader of the the Shining Path Guerillas.

Harvard today is much more ruthless than that.

Harvard’s primary ruling board known as The Corporation is a group of the most malicious, overachieving, greedy money-accumulators the world has ever seen. They put Crassus to shame.

And therein lies where Harvard went wrong.

Harvard walked away from God. Harvard put its faith in profits.

Harvard placed its faith in Oxford.

Harvard placed its faith In Criminal Corporate Britain.

Harvard brags about its endowment.

Harvard brags about its library.

Harvard brags about its movers and shakers.

There is scarcely an item on the face of the earth that Harvard does not brag about.

Christ is about humility.

Harvard displays anything but humility.

Its graduates feast on pheasant and fine wine even as homelessness abounds around it.

To assuage its guilt, it gives forth dimes in order to get the ball rolling to fight the racism and the poverty that it has created and encouraged.

In reality, its proper payment is the forfeiture of its entire wealth.

Harvard brags about its Rhodes scholarships.

Harvard cozied up to the bigot and racist, Cecil Rhodes, who raped Africa and then set up his scholarship in order to rope America back into the British sphere of influence.

On its 350th anniversary, Harvard invited the British pig and criminal, Prince Charles, to speak.

Harvard’s dream is the dream of Criminal Corporate Britain, to make America the Dickensian-Twistian workshop that they had initially intended it to be.

Harvard betrays America. Harvard betrays God.

Harvard is the antichrist.

Harvard leads the way in eliminating the terms AD and BC.

Harvard wants you to use the terms CE and BCE instead.

Make no mistake about it, Harvard rules the media which pushes forth this canard.

Yes, that’s right, Jesus Christ, nothing to see here, speed bump in history, keep moving.

As a Christian, I don’t ask you to join the Christian church. I don’t demand that you join the Christian church. What I do ask, what I do demand, is that you recognize that there was a person and a philosophy named Jesus Christ, and that he was here, and that people used these terms AD and BC to denote the influence that his philosophy had upon our world.

Harvard would deny you that.

Spare me the blather and bullshit from Vox and the Daily Beast. Here’s what we know …

No, Mr. Goebbels, here is what your propaganda is.

Harvard is the antichrist in every sense of the word.

Harvard defeats Christ.

Harvard is the enemy of Christ.

Christ is not merely a symbol of a fuzzy afterlife.

Cristianity allows no interlocutor between man and God.

That’s the scientific genius behind Christianity. That’s why the powers that be despise Christ. Christ being one with God allows you to access God without the scum who pretend to be the interpreters of God.

This bothers the elites. This bothers Harvard.

It bothers the elites because they need to control the religion in order to fight their useless wars which only serve to enrich them.

That’s why the elites enlist the reverends and the preachers to support their immoral wars. That’s why prayer breakfasts exist.

Billy Graham never saw a war that he didn’t support. He was promoted by the Harvard-controlled media in order to control you.

This is how the CIA defeated Arbenz in Guatemala. They spread their lies through the Catholic Church to convince the people that Arbenz was going to destroy them.

The pigs in charge understand that Jesus did not arrive on earth to promote war. To get around that, they co-opt the leaders of Christianity in prayer breakfasts to support their wars.

That’s what the religious right is all about.

They all work for Harvard. They all suckle at Harvard’s teat.

They all take Harvard’s gifts. They get trips on Air Force One. They get private audiences with the President. They get prime time television spots which ultimately serve to enrich their ministries. In short, they get a first class ticket on the jet.

With that first class ticket, they forfeit their Christianity. They join the pagan religion.

Harvard has defined a new God, the pagan god of money and power, and has set itself up as the pathway to that God.

Harvard must be defeated.

Sincerely,

Archer Crosley

Copyright 2022 Archer Crosley All Rights Reserved