When in Rome
When in Rome
Dennis Friedman | Apr 21, 2023 HumbleDollar
My wife and i visited Italy this year. We flew to Venice, where we stayed three days, and then hopped a train to Florence, where we spent the next five days. After that, we rented a car for three days and toured the Tuscany countryside, before catching a train to Rome for our final six days. I learned a lot about Italy, but I also learned some things about myself. Here are 11 takeaways from our trip:
1. Going home was one of my favorite parts. Before I retired, I thought I’d spend months on the road, and maybe even live overseas for a while. But after two or three weeks of traveling, I’m ready to go home.
When in Rome
Dennis Friedman | Apr 21, 2023 HumbleDollar
My wife and i visited Italy this year. We flew to Venice, where we stayed three days, and then hopped a train to Florence, where we spent the next five days. After that, we rented a car for three days and toured the Tuscany countryside, before catching a train to Rome for our final six days. I learned a lot about Italy, but I also learned some things about myself. Here are 11 takeaways from our trip:
1. Going home was one of my favorite parts. Before I retired, I thought I’d spend months on the road, and maybe even live overseas for a while. But after two or three weeks of traveling, I’m ready to go home.
I miss my home, friends and routine when I’m away for a while. I don’t see how people, no matter how much time they spend traveling, can sell their house and not have a place to go home to. I wouldn’t feel safe and secure.
2. If I’m going to travel and see everything I want to see, I better do it now. While we were in Florence, my wife and I climbed to the top of the dome that covers the Cathedral of Santa Maria del Fiore, also known as the Duomo. It was 463 steps to the top, and the passage is sometimes steep. There are many towers in Italy with breath-taking views that also involve climbing many steps.
I can’t see us being fit enough in our 80s to do things like that. Our 70s might be the last chance to travel without physical limitations.
3. Travel is not cheap. We have two more major trips planned this year. Funding these trips means drawing down our investment portfolio.
I don’t know if I’d have felt comfortable spending this much money on travel if I didn’t have a financial advisor giving me the thumbs up. That reassurance allows us to spend without fear that we’ll run out of money.
4. I wrote in another article about having only one credit card in our later years—how it would simplify our finances and make them easier to manage. I was wrong. We should have at least two credit cards.
My wife and I paid for almost everything in Italy by using credit cards. While dining at a restaurant in a small town in Tuscany, our credit card was rejected. We tried three times with no luck. I checked my Citi Mobile app and it was temporarily shut down for maintenance. Maybe that was the reason for the rejection.
Luckily, I brought another card with me—because we didn’t have enough euros to pay for the dinner. That’s another lesson I learned: Make sure you have enough local currency for emergencies, because you might not be able to charge everything to a credit card. For instance, we stayed at a hotel in a small town where we were required to pay part of the bill—the city taxes portion—in euros.
5. How to manage the exchange rate can be tricky.
To continue reading, please go to the original article here:
People Don't Change
People Don't Change
Jared Dillian Apr 11, 2023
If there is a person in your life whose behavior bothers you—
It’s probably not going to get better.
People don’t change. Someone who is an alcoholic will always be an alcoholic. Someone who is a thief will always be a thief. Someone who is a sex addict will always be a sex addict. Someone who is a gambler will always be a gambler. Someone who is an adulterer will always be an adulterer. Unwanted behavior keeps going, and going, and going.
People Don't Change
Jared Dillian Apr 11, 2023
If there is a person in your life whose behavior bothers you—
It’s probably not going to get better.
People don’t change. Someone who is an alcoholic will always be an alcoholic. Someone who is a thief will always be a thief. Someone who is a sex addict will always be a sex addict. Someone who is a gambler will always be a gambler. Someone who is an adulterer will always be an adulterer. Unwanted behavior keeps going, and going, and going.
How often have you seen this play out: parents are dismayed to learn that their 15-year-old is smoking pot. They ignore it for a while, thinking it is harmless, but then it turns into Adderall, pills and cocaine. Soon the teenager has a full-blown drug problem, and he is flunking out of school. The parents ride to the rescue, going to the school to talk to his teachers to convince them not to fail him.
The kid swears he will never do drugs again, but he is caught again within a few weeks. They take the kid to a therapist first, but 15-year-olds don’t do so well in therapy, so that eventually fails. They take the kid to outpatient drug treatment, to no avail. Finally, the kid goes to rehab for a month. Swears he will stay clean. Mom and Dad think that things are finally back to normal. Caught with drugs again two weeks later.
This continues a decade-long cycle of jails and institutions, with the parents bailing him out every step of the way. After years of this, the parents eventually tire of rescuing him all the time, and let him fail. The kid (now 25 years old) becomes homeless, where he is robbed, raped, and assaulted. Unspeakably awful things happen to him.
And then, magically, he gets sober. And it sticks.
People don’t change…until they do.
People don’t change, until they do. And when they do, it is a miracle. But inevitably what has to happen is that person has to hit bottom, where things absolutely cannot get any worse.
Bottoms vary for different people—people with a high bottom get to keep their jobs and spouses. People with a low bottom have to lose everything before they learn.
It may seem as though I am focusing on addiction. I’m talking about all behavior that we find unpleasant. It could be chewing your fingernails. It could be obsessively washing your hands. It could be yelling at your kids. It could be watching porn.
Behaviors have a tendency to continue until there is a significant emotional event. Until you lose, or are about to lose, someone or something you care about.
To continue reading, please go to the original article here:
35 Gifts Your Children Will Never Forget
35 Gifts Your Children Will Never Forget
Written By Joshua Becker · 294 Comments
“You give but little when you give of your possessions. It is when you give of yourself that you truly give.” —Kahlil Gibran
I have countless holiday memories. Most of them center around faith, family, and traditions.
Very few childhood memories actually include the gifts I received. I distinctly remember the year that I got a blue dirt bike, the evening my brother and I received a Nintendo, and opening socks every year from my grandparents. But other than that, my gift-receiving memories are pretty sparse. Which got me thinking… what type of gifts can we give to our children that they will never forget?
What gifts will truly impact their lives and change them forever?
35 Gifts Your Children Will Never Forget
Written By Joshua Becker · 294 Comments
“You give but little when you give of your possessions. It is when you give of yourself that you truly give.” —Kahlil Gibran
I have countless holiday memories. Most of them center around faith, family, and traditions.
Very few childhood memories actually include the gifts I received. I distinctly remember the year that I got a blue dirt bike, the evening my brother and I received a Nintendo, and opening socks every year from my grandparents. But other than that, my gift-receiving memories are pretty sparse. Which got me thinking… what type of gifts can we give to our children that they will never forget?
What gifts will truly impact their lives and change them forever?
To that end, here is an alphabetical list.
35 Gifts Your Children Will Never Forget:
1. Affirmation. Sometimes one simple word of affirmation can change an entire life. So make sure your children know how much you appreciate them. And then, remind them every chance you get.
2. Art. With the advent of the Internet, everyone who wants to create… can. The world just needs more people who want to…
3. Challenge. Encourage your child to dream big dreams. In turn, they will accomplish more than they thought possible… and probably even more than you thought possible.
4. Compassion/Justice. Life isn’t fair. It never will be – there are just too many variables. But when a wrong has been committed or a playing field can be leveled, I want my child to be active in helping to level it.
5. Contentment. The need for more is contagious. Embracing “less is more” is the antidote. Therefore, one of the greatest gifts you can give your children is an appreciation for being content with what they have, who they are, and who they can become.
6. Curiosity. Teach your children to ask questions about who, what, where, how, why, and why not. “Stop asking so many questions” are words that should never leave a parents’ mouth.
7. Determination. One of the greatest determining factors in one’s success is the size of their will. How can you help grow your child’s today?
8. Discipline. Children need to learn everything from the ground-up including appropriate behaviors, how to get along with others, how to get results, and how to achieve their dreams. Discipline should not be avoided or withheld. Instead, it should be consistent and positive.
9. Encouragement. Words are powerful. They can create or they can destroy. The simple words that you choose to speak today can offer encouragement and positive thoughts to another child. Or your words can send them further into despair. So choose them carefully.
To continue reading, please go to the original article here:
https://www.becomingminimalist.com/35-gifts-your-children-will-never-forget/
A Helpful Guide to Becoming Unbusy
A Helpful Guide to Becoming Unbusy
Written By Joshua Becker · 132 Comments
“Those who are wise won’t be busy, and those who are too busy can’t be wise.” ― Lin Yutang
It was in this video from Jeff Shinabarger that I first heard the phrase, “‘Busy’ has become the new ‘Fine’.” As in, when you ask somebody how they were doing, they used to answer, “Fine.” But nowadays, everybody answers, “Busy.”
Seemingly, busy has become the default state for too many of our lives.
A Helpful Guide to Becoming Unbusy
Written By Joshua Becker · 132 Comments
“Those who are wise won’t be busy, and those who are too busy can’t be wise.” ― Lin Yutang
It was in this video from Jeff Shinabarger that I first heard the phrase, “‘Busy’ has become the new ‘Fine’.” As in, when you ask somebody how they were doing, they used to answer, “Fine.” But nowadays, everybody answers, “Busy.”
Seemingly, busy has become the default state for too many of our lives.
But is the state of busy really improving our lives? Certainly not. Statistics indicate 75% of parents are too busy to read to their children at night. There is a rising number of children being placed in day cares and after-school activities. Americans are having a hard time finding opportunity for vacations these days. 33% of Americans are living with extreme stress daily. And nearly 50% of Americans say they regularly lie awake at night because of stress. This is a problem. We have become too busy.
But it doesn’t have to be this way. Busy is not inevitable. (tweet that)
Each of us can take intentional steps to unbusy our lives.
Consider this Helpful Guide to Becoming Unbusy:
1. Realize that being busy is a choice. It is a decision we make. We are never forced into a lifestyle of busyness. The first, and most important, step to becoming less busy is to simply realize that our schedules are determined by us. We do have a choice in the matter. We don’t have to live busy lives.
2. Stop the glorification of busy. Busy, in and of itself, is not a badge of honor. In fact, directed at the wrong pursuits, it is actually a limiting factor to our full potential. It is okay to not be busy. Repeat this with me: It is okay to not be busy.
To continue reading, please go to the original article here:
THE WISDOM OF THE ADDICT
THE WISDOM OF THE ADDICT
April 6, 2023 · by The Escape Artist ·
“Dr Anna Lembke MD points out that recovered addicts are heros because they managed to successfully navigate dopamine dynamics— which is something that almost everyone else, addict or not, grapples with in our modern world & we don’t even realize.”
Professor Andrew Huberman
I’ve been reading a bunch of Quit Lit (books about recovery and addiction) recently and I tell you…those guys are onto something. The recovered addict has a hard-won wisdom that eludes the rest of us.
Recovered addicts are an edge case for negotiating and taming desire. Recovered addicts have learned to be okay…no, better than okay…with less. Recovering addicts have chosen minimalism and it has saved their life.
THE WISDOM OF THE ADDICT
April 6, 2023 · by The Escape Artist ·
“Dr Anna Lembke MD points out that recovered addicts are heros because they managed to successfully navigate dopamine dynamics— which is something that almost everyone else, addict or not, grapples with in our modern world & we don’t even realize.”
Professor Andrew Huberman
I’ve been reading a bunch of Quit Lit (books about recovery and addiction) recently and I tell you…those guys are onto something. The recovered addict has a hard-won wisdom that eludes the rest of us.
Recovered addicts are an edge case for negotiating and taming desire. Recovered addicts have learned to be okay…no, better than okay…with less. Recovering addicts have chosen minimalism and it has saved their life.
The recovered addict takes nothing for granted. The recovered addict has looked deep into The Abyss and stepped back from the brink. They know how close they came in the past and how close they may come again in the future.
You’re worried about “giving up your treats”?? You don’t think there is any scope to cut out any spending / distractions / addictions / behaviours from your life??
The recovered addict has thought deeper about the trade-offs in spending and consumption than any of the rest of us mortals.
The recovered addict has learnt the hard way that sometimes our “treats” are a trap. They learned that their favourite habit was quietly killing them (or perhaps it was the obstacle that was stopping them getting to the next level?).
Quit Lit is an oasis of wisdom (and this book is my personal favourite).
In a world of internet clickbait and information overload, wisdom becomes the scarcest and most valuable commodity. Wisdom is the key to long term survival and staying in the money game.
Let’s be honest…we are cheating a little bit here because we are observing the world of hardcore addiction from a safe distance. When lived up close and personal the world of the (unrecovered) addict is not wise, not glamorous and probably not much fun whatsoever.
They say we should learn from our mistakes – and that’s true – but what if we could learn from other people’s mistakes as well?
The Nerd reads endless books but takes no action. The recovered addict has internalised their learning and acted upon it. They have not just read about Monk Mode, they have seen the hearse get backed up and they have smelt the roses. The recovered addict has changed their life.
The recovered addict lives in the present: they are no longer trapped in their past. They made a clean break and the years in their life will forever be marked BC / AD (before crisis and after addiction??).
The recovered addict takes pleasure in getting through each day, one at a time. They no longer obsess about a future that is beyond their controllable time horizon.
The recovered addict does not fret about The News. They do not fret about whether their portfolio went up or down today because they know (and I mean they truly know) the difference between what they can control and what they can not.
To continue reading, please go to the original article here:
https://theescapeartist.me/2023/04/06/the-wisdom-of-the-addict/
About That “No One Is Above The Law” Nonsense...
About That “No One Is Above The Law” Nonsense...
April 5, 2023 Simon Black Sovereign Man
In late 1999, I was speeding along Interstate 88 in upstate New York, in a big hurry to go see my girlfriend at the time, when I saw flashing red-and-blue lights in my rearview mirror. My heart sank as I pulled over, knowing that the speeding ticket I was about to receive would be financially devastating.
But I was extremely lucky.
The New York State Trooper who pulled me over noticed my short hair, my youth, and military ID, and he asked me if I was a West Point cadet. I was. And then, for some reason I still don't understand to this day, he let me off with just a warning.
About That “No One Is Above The Law” Nonsense...
April 5, 2023 Simon Black Sovereign Man
In late 1999, I was speeding along Interstate 88 in upstate New York, in a big hurry to go see my girlfriend at the time, when I saw flashing red-and-blue lights in my rearview mirror. My heart sank as I pulled over, knowing that the speeding ticket I was about to receive would be financially devastating.
But I was extremely lucky.
The New York State Trooper who pulled me over noticed my short hair, my youth, and military ID, and he asked me if I was a West Point cadet. I was. And then, for some reason I still don't understand to this day, he let me off with just a warning.
I couldn't believe it; I was driving way too fast, so he absolutely should have written me a ticket. But he didn't.
I hadn't thought about that encounter in years... right up until yesterday afternoon when I saw a number of deranged lunatics and progressive media outlets gleefully cheering the indictment of a former President, under the guise that "no one is above the law."
This made me reflect on my experience as a speedy young cadet being let off with a warning. Did that mean I was "above the law" back in 1999?
It made me realize that, in a sense, EVERYONE is “above the law” to a certain degree. Think about it: in the Land of the Free, the 'Code of Federal Regulations' runs nearly 200,000 pages. And that doesn't even include the mountain of state and local rules that exist.
This means that most people are almost certainly in violation of a whole host of laws and regulations, most of which we've never heard of.
For example, because of poorly worded language contained in section 1030 of Title 18 of the US Code, even connecting to an open WiFi network can be a violation of federal law and carry a sentence of up to 10 years in prison. I'll come back to this.
But let's be honest-- there are other laws that we know about yet choose to ignore. Inviting your friends over to the house to play poker is technically illegal in many states (if you play for money). But people still do it. People drive while texting every single day, even though this is illegal in almost every state.
Naturally, most people get away with such activities. Doesn't that mean that virtually everyone is above the law in some capacity?
Even district attorneys now selectively ignore the law when deciding whether to bring charges against criminal suspects. San Francisco famously decided to stop prosecuting shoplifters. And there are alarming cases across the country where violent criminals, whose charges have been dropped by progressive prosecutors, go out and kill innocent people.
One tragedy that stands out took place on November 21, 2021 in Waukesha, Wisconsin, a suburb of Milwaukee.
On that day, a crazy-eyed psychopath drove his SUV into a local Christmas parade, killing six people and injuring 62. The perpetrator was a known, violent criminal, plus a registered sex offender. And only days before, he had been arrested for attempting to run a woman over with his car... but released on an insignificant bail.
That's because the local prosecutor, District Attorney John Chisolm, intentionally set a policy of releasing violent criminals onto the streets in the name of 'social justice'.
In a 2007 interview with the local press, in fact, Chisolm even predicted tragedy by saying "Is there going to be an individual I divert, or I put into treatment program, who's going to go out and kill somebody? You bet. Guaranteed. It's guaranteed to happen."
So apparently these violent criminals who benefit from the generous clemency of District Attorney John Chisolm (and countless other progressive prosecutors just like him) are also "above the law".
To continue reading, please go to the original article here:
https://www.sovereignman.com/trends/about-that-no-one-is-above-the-law-nonsense-146698/
The 8 Most Eye-Opening Money Attractions in the U.S.
The 8 Most Eye-Opening Money Attractions in the U.S.
By Dr Penny Pincher
Some of my most memorable vacations have centered around money — and didn't require spending much of it at all. I had my photo taken next to a $1 million stack of bills at Binion's on a recent trip to Las Vegas. Another memorable experience was visiting the Bureau of Engraving and Printing in Washington, D.C. to see millions of dollars of being printed on the production floor.
If you get excited about money, check out these unique attractions across the U.S.
The 8 Most Eye-Opening Money Attractions in the U.S.
By Dr Penny Pincher
Some of my most memorable vacations have centered around money — and didn't require spending much of it at all. I had my photo taken next to a $1 million stack of bills at Binion's on a recent trip to Las Vegas. Another memorable experience was visiting the Bureau of Engraving and Printing in Washington, D.C. to see millions of dollars of being printed on the production floor.
If you get excited about money, check out these unique attractions across the U.S.
1. U.S. Mint
See the coin manufacturing process up close by taking a free tour at the Philadelphia and Denver facilities of the U.S. Mint. Learn about the process of minting coins from the design to the striking of coins. You'll be able to see how billions of coins are produced each year, and learn the history of coin-making. (See also: Where Are They Now? The Forgotten Dollar Bills (and Coins))
2. Binion's Gambling Hall and Hotel
Get a free souvenir photo of yourself standing next to $1 million in cash at Binion's Gambling Hall and Hotel in Las Vegas. Stop by to have your photo taken and come back about an hour later to pick up your free printed copy. It's pretty incredible to see that much cash up close.
3. U.S. Treasury
The main building of U.S. Treasury is the third oldest building in Washington, D.C. and has been renovated to preserve its impressive Greek Revival architecture. Some historical highlights at the U.S. Treasury include the offices of Salmon P. Chase, Secretary of the Treasury during the Civil War, and the offices used by President Andrew Johnson following Abraham Lincoln's assassination. The stately marble Cash Room has been restored to appear as it was at Ulysses S. Grant's inaugural reception in 1869. You can tour all of these sites by setting up a reservation ahead of your visit.
4. Wall Street
If your travels take you to New York City, check out the attractions of Wall Street, an area of New York City that has been focused on finance for over 200 years. Highlights include:
New York Stock Exchange: On the corner of Wall Street and Broad Street
Federal Hall National Memorial: On the corner of Wall Street and Broad Street
Museum of American Finance: Located at 48 Wall Street
You can take self-guided tours on foot, or there are other tour options available for free or under $40. (See also: 6 Confidence-Inspiring Facts About the Stock Market)
To continue reading, please go to the original article here:
Why Governments Seek to Eliminate Cash
Why Governments Seek to Eliminate Cash
By Adam Hayes Updated March 23, 2023
Reviewed by Erika Rasure Fact Checked By Suzanne Kvilhaug
Why Eliminate Cash?
Cash can play a role in criminal activities such as money laundering and allow for tax evasion. Digital transactions or electronic money create an audit trail for law enforcement and financial institutions and can aid governments in economic policymaking. Transactions using digital money reduce costs and create transparency in an individual's spending and savings habits.
Why Governments Seek to Eliminate Cash
By Adam Hayes Updated March 23, 2023
Reviewed by Erika Rasure Fact Checked By Suzanne Kvilhaug
Why Eliminate Cash?
Cash can play a role in criminal activities such as money laundering and allow for tax evasion. Digital transactions or electronic money create an audit trail for law enforcement and financial institutions and can aid governments in economic policymaking. Transactions using digital money reduce costs and create transparency in an individual's spending and savings habits.
KEY TAKEAWAYS
Cash can play a role in criminal activities such as money laundering and allow for tax evasion.
Using digital money prevents the transfer of physical money and all transactions are handled by computers and the internet.
In the United States, any financial institution that receives a cash deposit of more than $10,000 must report it to the IRS, making tracking and tracing illegal activity easier.
The Federal Reserve has been exploring the use of a Central Bank Digital Currency (CBDC).
The "War on Cash"
In 2016, the European Central Bank (ECB) eliminated minting €500 notes to curb fraud and money laundering. The note was the second-largest denomination across the euro currency zone, and the ECB claimed that it was the banknote of choice among criminals. At the time of the ECB's announcement, 500 euro bills in circulation represented one-third of all the euro-denominated cash outstanding.
Since 2016, global policies have been implemented to thwart the use of cash in favor of digital currency transactions. In the United States, any financial institution that receives a cash deposit of more than $10,000 must report it to the IRS, making tracing illegal activity easier.
Promoting and tracking digital transactions amounts to a war on cash. The use of digital money avoids the use of cash as transactions are handled by computers and the internet. Critics argue that limiting the use of cash and forcing individuals to pay through banks or credit card companies compromise financial privacy, prevent interest accumulation on saved cash, and limit profits of small business owners who often rely on cash sales.
Limiting Cash Savings
To continue reading, please go to the original article here:
Being Poor vs. Feeling Poor
Being Poor vs. Feeling Poor
By Lawrence Yeo
Growing up, I knew our family didn’t have much money. Our apartment was small, my mom prepared food for a tiny catering company, and my dad was abroad trying to get his small business off the ground. By all financial measures, we were poor.
But here’s the thing: I never felt poor.
Part of the reason was that I never got sucked into the comparison game of material wealth. Many of my friends lived in large homes, but to me, that was a source of joy rather than jealousy. I figured that my friends having large houses just meant that we would have a lot of fun hanging out there. And when it was time to go home, it was simply a return to the warm space that I shared with my family.
Being Poor vs. Feeling Poor
By Lawrence Yeo
Growing up, I knew our family didn’t have much money. Our apartment was small, my mom prepared food for a tiny catering company, and my dad was abroad trying to get his small business off the ground. By all financial measures, we were poor.
But here’s the thing: I never felt poor.
Part of the reason was that I never got sucked into the comparison game of material wealth. Many of my friends lived in large homes, but to me, that was a source of joy rather than jealousy. I figured that my friends having large houses just meant that we would have a lot of fun hanging out there. And when it was time to go home, it was simply a return to the warm space that I shared with my family.
The other reason was the neighborhood I lived in. Many of my neighbors also worked in the same catering company as my mom, which meant that there was an aura of familiarity that connected us all. My mom’s friends had kids that were roughly around the same age as I was, so we hung out all the time. We went to play basketball at the nearby park, we would watch movies at each other’s places, and would enjoy Korean BBQ dinners together on various nights.
When I think back on this time, I recall it with fondness. Even though we were under financial stress, my parents and my neighborhood never made it feel like we were. I had everything I needed and wanted. I had all the resources I required to do well at school too, so I never felt underprivileged there either.
This highlights the distinction between being poor and feeling poor. One is a factual claim that could be made using a number and its relationship to the poverty line. The other is something that can’t be quantified in any rational way, and is entirely dependent on one’s state of mind and its connection with others.
One interesting phenomenon that’s been occurring in the United States is that poverty has been decreasing while incomes amongst the wealthiest have been increasing. At first glance, this may seem like a win-win. If more people are escaping poverty and the wealthy are earning more, doesn’t that seem like a non-zero-sum game?
Well, the answer is no, and there are two reasons for this.
The first reason is obvious: the gap between the rich and poor has never been higher, so it doesn’t matter if the poorest are earning more. Wealth is rarely defined in absolute terms; it’s always relative. If you make $10 more each day but the person next to you is earning $100 more, then you will feel poor, irrespective of the fact that you’re making more.
The second reason is not-so-obvious, but plays according to the same dynamics as the first one. It turns out that that wealth disparities among the top 5% of richest Americans has never been higher either. In essence, the gap between the merely rich and the filthy rich has widened to an alarming extent. So if you were making $100,000 more each day but the person next to you is earning $1,000,000 more, then you will feel poor, irrespective of the fact that you’re still making a ton of money.
In this situation, it doesn’t matter that you’re not poor in any absolute sense. No one with a sound mind would say that a person making $100,000 a day is poor. But if you’re making that much and doing so next to someone making 10x that amount, then you will feel poor. In other words, the difference between being and feeling is all about environmental context.
The psychologist Nico Frijda made an interesting distinction between emotions and feelings. He said that emotions were the unconscious processing of events, whereas feelings are the conscious interpretation of them. An example of an emotion might be fear, whereas a feeling may be withdrawal.
This maps pretty well onto the being vs. feeling delineation I was making. To be something is to accept the facts of what is, similar to how an emotion is simply the unconscious processing of an event. If you make a million dollars a year, you’re rich. If you lose your eyesight, you’re blind. And so on.
But to feel something is to overlay the facts with your interpretation of them. This is how a millionaire can feel poor instead of rich, and a blind person can feel empowered instead of depressed. The way you feel about something is the result of your conditioning, your values, and perhaps most importantly, your framing of the situation.
Much of what I write about money is informed by this realization. We often view the problems of money through the lens of data and numbers, but the reality is that they’re driven by the narratives we tell ourselves. “Who is making what? How much do I need to attain that goal? What will money accomplish for me in the first place?”
What seems like a “money” question is actually a “story” question. And like any story, there are obstacles to overcome, characters to meet, and realizations to have. It’s the marriage of these three things that form the foundation of your narrative, and the way they interlink will reveal how you’ll feel about money.
In my case, the obstacle in my story was that my family was poor. The characters in my story were my neighbors and friends, all of whom formed a warm community that fulfilled my emotional needs. The realization was that I already had everything I wanted, despite a bank account balance that might suggest otherwise. All this wove together to form the conclusion that there’s a difference between being poor and feeling poor, and it was ultimately up to me to choose the right frame.
To continue reading, please go to the original article here:
Why Does Not Iraq Re-Adopt The Coin?
Why Does Not Iraq Re-Adopt The Coin?
Rami Al-Salihi 17-March-2023
With the increase in inflation in the local markets, the discussion returned in economic circles about the reasons why Iraq did not resort to issuing coins with the aim of restoring the value of the small currency, which has become worthless in daily transactions.
Economists believe that coins facilitate many of the daily banking transactions
The Central Bank is the only one responsible for supplying the country with its banknotes and coins, while Iraq stopped its dealings with "coin" years ago, despite the continuation of its work after 2003.
Why Does Not Iraq Re-Adopt The Coin?
Rami Al-Salihi 17-March-2023
Why does not Iraq re-adopt the coin?
With the increase in inflation in the local markets, the discussion returned in economic circles about the reasons why Iraq did not resort to issuing coins with the aim of restoring the value of the small currency, which has become worthless in daily transactions.
Economists believe that coins facilitate many of the daily banking transactions
The Central Bank is the only one responsible for supplying the country with its banknotes and coins, while Iraq stopped its dealings with "coin" years ago, despite the continuation of its work after 2003.
SIMILAR TO DEVELOPED COUNTRIES (GETTY)
Not long ago, the Finance Committee in the Iraqi Parliament called on the central bank to reintroduce the "metal currency", justifying that "this gave strength to the economy of countries in the Middle East."
https://ultrairaq.ultrasawt.com/sites/default/files/inline-images/GettyImages-159064923.jpg
Why does not Iraq re-adopt the coin? GettyImages-159064923Gold coins found in an archaeological site in Wasit Governorate, dating back 1,500 years
Reasons not to deal with it
Jalil al-Lami, an expert in economic and financial affairs, says that the metallic currency is considered one of the most important features of the economic and financial system in the world, but that Iraq "is missing it today, although its circulation was great in the last century."
According to Al-Lami, small coins facilitate many daily banking transactions, as "the use of metal denominations and their circulation will give the currency a legal value."
According to Al-Lami's interview with Ultra Iraq, most of the neighboring countries find that "the exchange rates of their local currency are very high against the dollar, and they basically own a coin through which they work to preserve the currency and not need to request more banknotes, especially in small denominations." .
Also read:
https://ultrairaq.ultrasawt.com/sites/default/files/styles/readmore/public/GettyImages-159064923.jpg
Why does not Iraq re-adopt the coin? GettyImages-159064923
Photo | From the Ottoman era to now.. The chronology of the Iraqi currency LINK
The reason for the neglect of the coin in Iraq is due to "the high cost of minting the coin, which costs more than the paper currency, in addition to the difficulty of carrying it for citizens," Al-Lami points out.
And after the inflation occurring in the economy - and speaking to the illiterate - it became difficult to mint coins and make them circulated among citizens, so "the step of deleting zeros is supposed to precede the coin minting process so that there is value for small denominations against large ones, and then resort to minting coins."
Iraq witnessed the issuance of the first new currency during the year 1931 , and it consisted of bronze coins.
Why does not Iraq re-adopt the coin?
https://ultrairaq.ultrasawt.com/sites/default/files/inline-images/%D8%A8%D8%B1%D9%88%D9%86%D8%B3.jpg
No coins effect
However, there are those who believe that the non-use of this currency is due to a technical or procedural reason and is not related in any way to inflation, according to the economist, Hussein Jaber, who justifies this by saying that "if the thousand dinars paper or metal denomination is used, if any, then this does not cause any change in the level." price, as it is a means of exchange and transfer of value between the seller and the consumer.
And the inflation in prices that most people feel is in the inflation of the number and not the value, because the Iraqi dinar - according to Jaber - is still legally "equal to 1,000 fils, and because of the excessive cash issuance, it has become equal to 1,000 dinars, which in reality is one dinar," confirming "then There is no effect of using the coin."
Jaber told Ultra Iraq, "The coins are used for small denominations of the currency as small parts that give greater flexibility in dealing and achieve a measure of justice for the benefit of consumers. As for large coins, they are not replaced with coins for technical considerations."
Important pluses
However, Jaber acknowledges that the coin has advantages that are reflected in the income of consumers and those with limited incomes, such as employees, retirees, and others.
He explains that “coins, being small denominations and forming parts of the large currency, can cover price differences in a flexible manner without loss to the consumer or the seller, and limit the exceptional profits that sellers achieve by selling their cheap goods at higher prices that are compatible with the available currency denominations, for example:
The price of a small bottle of water is 135 dinars in wholesale, its price with profit is 175 dinars, but the sale price to the consumer will be 250 dinars, as there is no category smaller than 250 dinars to return to the consumer, so he has to accept this price with one bottle or buy three bottles for 500 dinars even if he is not need it.”
Why does not Iraq re-adopt the coin?
https://ultrairaq.ultrasawt.com/sites/default/files/inline-images/20190819_111525-737.jpg
And about the high prices of its production, Jaber adds that "the cost of making it is less than the cost of paper, and also the banknotes that are perishable, burning, tearing, and so on, are not quickly damaged."
Economists saw that the elimination of inflation in Iraq is in the digital automation of currencies
As for the negative aspects of the coin, it is almost non-existent, as it cannot be used for commercial transactions and is limited to individual transactions, according to the vision of the economic expert, Hussein Jaber.
Expensive coins
Shortly after the US invasion of Iraq , the Central Bank of Iraq announced that it offered coins in denominations of 25, 50 and 100 dinars for circulation for the first time after they were canceled by Saddam Hussein's regime after the Gulf War in 1991.
Why does not Iraq re-adopt the coin? 2004
However, the continuous inflation in the local markets, with its internal and external causes, devoured the small Iraqi currencies, and they have no material value, according to the economist, Nabil Al-Tamimi.
Al-Tamimi told Ultra Iraq, "The issuance of cash costs the central bank's treasury a lot of money," considering that "the best solution to eliminate economic inflation in Iraq is to automate currencies digitally."
He explains that "transferring currency trading digitally will restore the value of small currencies, especially since most of the world's economically developed countries no longer depend on cash transactions." LINK
Understanding The Global Settlements By Seeing Beyond The Masks
Understanding The Global Settlements By Seeing Beyond The Masks
Information Briefing #184 by whitehatauxiliaries March 14, 2023
WHITE HAT AUXILIARIES
To Empower The Bold – To Explore Truth – To Accurately Inform About The World Global Settlements
For comprehending the Global Settlements, first understand its background and real issues before you look for answers. Don’t bite on the disinformation hooks. Fake information is fallow ground. Also, it’s not happening as portrayed by the Plebs and Rednecks.
Understanding The Global Settlements By Seeing Beyond The Masks
Information Briefing #184 by whitehatauxiliaries March 14, 2023
WHITE HAT AUXILIARIES
To Empower The Bold – To Explore Truth – To Accurately Inform About The World Global Settlements
For comprehending the Global Settlements, first understand its background and real issues before you look for answers. Don’t bite on the disinformation hooks. Fake information is fallow ground. Also, it’s not happening as portrayed by the Plebs and Rednecks.
Start by understanding the subjective, real-world judgment calls we have to make to protect our interests and nations. Raise your own consciousness reality awareness. The GS reality versus the mythological broker version which is not going to happen.
Future American control is delusional. Hegemony is ending. Perhaps with a blast for the whores of wars.
A taxing dilemma for us in the settlement process is having a clear tacit agreement. In December of 2021, we were insistent that Elders did not sign off on anything less than a phased table top distribution where only 20% per tranche could be completed at each stage limiting the Fed’s ability to syphon off and steal the assets (as the Fed did when intercepting and syphoning of a multibillion ACAT wire transfer sent by SWIFT to Tropos, but misappropriated at the bank by Yellen’s team).
No one has ever been paid out, ranging from Marcos, the M1 Principle in Indonesia, Ryadi and many more. Wild West rules – they steal everything – which is an alarm bell to continue with the US process.
Then, we did not have BRICS and yet still refused them. Now, we do. A major new alternative, and we have increased beneficial use terms to deal with us, encompassing a strong ethical agenda. Allowing the cabal and Zio Jews access to sequestrate funds again, that is anathema to us, and an issue we watch with care. They can not help themselves and yet always help themselves. That is the endless dilemma.
With BRICS we can have autocratic ethical oversight control. With the US, it’s on a par with being sealed naked within a sack of avaricious sewer rats. If we are able to achieve a sensible BRICS solution, it enables us to allocate funds by choice to service good US causes and projects.
Directly to pre-cleared good people of approved standing. A varmint check. We are focused on helping Americans. But even more focused on stopping the US Jewish banking mafia helping themselves.
BRICS will change the world and end Fed tyranny. Britain’s arming of Ukraine to kill Russians is not helping our process; our own knee jerk politicos. But, if done, all nations will line up for benefits. Money greases wheels. Intense dialogue continues daily; it’s a multi-party process keeping the weevils out.
The entire world is now separating into new trading hemisphere zones, as the dollar and US hegemony are being ever more contested and rejected. Asia is breaking away, as is China and Russia. Hemispheres are polarizing, leaving the US as incursers and predatory Zionists up in lights.
Jewish hegemony usury banking has enslaved the world, to become totally subordinated to their predatory usury schemes, and the true fiscal consequences of allowing this rodent species to take hold of the world’s money supply is now under global separation hemisphere reviews. The split is coming as c5 billion people will leave the US hegemony umbrella. BRICS will break America. Eurasia IS coming with BRICS and vast markets.
It will be forced to choose – or bankrupted. Look at Germany, straddled with costly NATO bases which won’t last 48 hours but will kill vast numbers of innocent Germans in US inspired hegemony conflict. Now they freeze to death. Some partnership. Body bags for DC.
Even Eisenhower forewarned of what was coming down if not checked. Zionist forces sit like carrion with Washington’s Military Industrial Cabal and its Agencies, encouraging them to squander evermore with reckless abandon. Every turn, the Jews earn from your own avaricious recklessness. Goyim! A nation now owned by the Zionists and Israeli ringmasters are gaming you all.
Like Soros, all are loathsome. They are gaming America blind. This species has form. Millennials of it. To achieve anything, where is the money coming from to pay you out first? Show me the real Money! They never give back, only sequestrate and take. Users run usury banking! They do NOT have the money.
Why would the Far East, Asia, Russia, South America and Africa want to be paid in USD when these monies can be sequestrated at any time? They are re-planning hemispheres and cutting America out and off. Alarm for the Fed and Zionists. They face losing their gaming board. Losing a lot.
Same carrion, same games. Goyim never learn. Understand the past to see them in operation now, same games played over 5,000 years.
It was estimated by Josephus that the Romans slaughtered or sold into Slavery c100,000 Jews in the early years of record to contain these volatile itinerant Gypsies’ dogs. By c70 AD there were so many Jewish uprisings, forcing them to adopt ghetto tactics to divide and rule. Just look at Palestine today.
How they sequestrate everything in sight as they have done with America. They seek a Greater Israel and now Jewkraine. Tapeworms loose. The concept of an enlarged Jewish Khazarian homeland encamped on Russia and Europe’s borders is anathema to all.
Nuclear missiles delivered by Israel, Khazarian Mafia flooding in along with America’s worst Zio/Jewish Crime families. A country 4 times the size of the UK and the size of Texas, vastly rich in minerals, and farming capacity.
If then crooked Ukraine is absorbed by a Greater Israel, it would be a giant carbuncle on the backside of mankind. Money laundering, drug trafficking, people trafficking, child trafficking, and arms trading loose under their control. Crime Inc., unleashed. OUT of control.
Now we are refocused on Russia, realizing the greater good is for them to win in Ukraine and to clear this land mass of US Black Operations Labs, corruption and Jews. Clear out the lot. We cannot realign the new nations as trading blocks leaving this mass corrupt cow patty in the center. France and Germany aligned with the US, lied to and deceived Russia.
Any trust has gone. The UK arms and weaponizes Ukraine killing ever more Russians and antagonizing Moscow. Every indication is that we could have WWIII within 3 to 4 years, with truly dreadful consequences.
The world today parallels the old Roman/Judaic conflicts with never ending Jewish incursions, temple money changers, and their endless rabblerousing. From 132 to 136 CE, the Bar Kokhba revolt brought mass Roman anger. Emperor Hadrian, between 117 to 128 had endless revolts and just lost it with them.
He booted all Judaic Jews out of Jerusalem, with Roman legions effecting brutal mass genocide, where hundreds of thousands died, and this viral species were slaughtered by Rome suffering their anger and frustration. Others left alive were dispersed throughout the Middle East and across into Europe or Asia. Like HIV or weeds, they spread and mutate. Egypt and the Romans found it was an uncontrollable blight on humanity. They are!
“50 of [the Jews’] most important outposts and 985 of their most famous villages were razed to the ground. 580,000 men were slain in the various raids and battles, and the number of those that perished by famine, disease and fire was past finding out. Thus nearly the whole of Judaea was made desolate.”
CASSIUS DIO, HISTORY OF ROME, 69.14.1-2
Assessing that, how can we have a GS underwritten by worthless American dollars, led by predatory Jewish bankers with a known sequestration trait? No enlightened nations seek a new usury hook, or currencies backed by nothing but hype.
Look at Europe today and America. They infiltrate, sequester and dominate. Almost all Russian Oligarchs running from the law are Jewish. They stole, defrauded and looted Russia blind. As with Ukraine. China is deeply immersed in strategizing new BRICS hemisphere structures, and conceiving a free landmass with no US hegemony warfare bases in Japan. Taiwan, South Korea and Australia, are all under review.
As are NATO bases which cannot contain a Russian assault for more than 2 days. If we are polarizing, as is, why do we need America at any level? BRICS, if endowed then with c$15T of Elders AU, can bank leverage that 10 fold, and underwrite a whole new economy.
The US can’t fund a GS. We can.
Polarization of the East/West territories now needs the new incoming BRICS currency to fund the split. Or have America cut off the money supply.
The EU will fail and needs to realign with Eurasia. All Middle Eastern energy will then be sold to the Far East, Asia and Europe. America is already being circumvented. Without hegemony, the entire incestual US Military industrial cabal, will fail.
The key now is to redesign a full stage phased Eurasia as its own fully integrated trading and economic block, free of DC and Zionist usury fake moneys. Europe must face East to markets exceeding 5 Billions, and let the US go West.
Can a new Paul Revere wake up America? The dream has gone West. Now, it’s the whole world marching down on you. Karma and angry gremlins. Stealing the world is now over. Like Rome, the world is coming home. Self-sufficient Eurasia is coming.
Unleash innovation to save this once great nation.
So, the key takeaway here is: Don’t fall for false and highly embellished “intel” about what the valid Global Settlements are going to be. Such is often falsely sold as “mass debt forgiveness”… “dinar or other currency millions from public revaluations”… “NESARA”… “galactic intercessions”… “a world which will instantly be free of problems”… “one or more blogging bums in a shanty or rented apartment is going to be handed trillions to save you”, etc., and;
The real-world necessities for the GS will be addressed with real-world solutions based on real-world agreements that avoid the very problems that were brought on by the current cartels. There will be no room, nor funds, for indulging indolent megalomania, or something-for-nothing profiteering by freeloaders. The future multi-polar world will now demand far more skilled contributory value to maintain past living standards. There are now new “players” on the block.
As outlined above, the changes ahead may not be easy for many. We must also not ignore the unknown or the unpredictable.
So…be ready for anything. More when possible. WHA S*P*Q*R
https://whitehatauxiliaries.com/2023/03/14/information-briefing-184/