MicroStrategy: Bitcoin Delusion Continues Making Utter Fools Out of the Tulip Buying Public
Listening to MicroStrategy CEO Saylor’s naive proclamations about Bitcoin on MSBC this morning remind me of why stupid people go broke faster.
MicroStrategy—a money losing business software developer that trades under Ticker MSTR—is currently trading for an inflated price of around $168 per share. This share price could soon collapse. Puts anyone? CEO Michael Saylor foolishly allowed the company to purchase bitcoin on margin, borrowing $205,000,000.00 from Silvergate Capital in order to accumulate the 130,000 bitcoin that is currently showing on its balance sheet, most of which were purchased at $30,000 plus per unit.
Saylor apparently actually believes in Bitcoin as a “virgin” currency, or one untouched by so-called central bankers.
News Flash Mr. Saylor, After the CME Group Self-Certified Bitcoin futures on Dec. 1, 2017, the Virgin got F%^ked and since the SEC approved the first Bitcoin Futures Trading ETF; in October of 2021, the “Virgin” has been f^&king on automatic. Bitcoin is now just another manipulable security that can be pushed up and taken down at will by fast thinking algorithms, quants, and smart hedge-fund managers.
Oh, the delusion…
A few facts about MicroStrategy:
Return on Assets: (-18.29%)
Return on Equity: (-90.59%)
Return on Investment: (-20.25%)
Five Year Projected Earnings Growth Rate: (-.1%)
Would Warren Buffet invest in this company? Hell no!
The Tulip Folly, by Jean-Léon Gérôme, 1882. A nobleman guards an exceptional bloom as soldiers trample flowerbeds in a vain attempt to stabilise the tulip market by limiting the supply.
Mark Zuckerberg has become the poster boy of modern Tulip mania. It is not clear as to whether or not he is [...] Read more →
4 November 2021; Alex Mashinsky, Celcius, on Centre Stage during day three of Web Summit 2021 at the Altice Arena in Lisbon, Portugal. Photo by Piaras Ó Mídheach/Web Summit via Sportsfile
Ponzi schemes and MLM schemes are by design corrupt. They are designed to confuse and or hoodwink the investor or participant into believing he is buying into a surefire road to riches.
When a computer programmer designs and programs a computer program, or in the case of the crypto-world, a [...] Read more →
Are you dissatisfied with the Savings Account and CD Interest Rates your bank currently has on offer?
If so, go to https://www.treasurydirect.gov and open an account. The U.S. Government’s iBonds are currently earning 9.62% interest through October of this year.
Individuals may purchase $10,000 worth of iBonds per [...] Read more →
The rude awakening over the past year of increasingly high food and gas prices has been quite the shock for the American consumer. The U.S. Federal Government and Federal Reserve Bank’s sluggish reaction to growing consumer price inflation certainly have not helped. If history is to be our guide, there is more [...] Read more →
Listening to MicroStrategy CEO Saylor’s naive proclamations about Bitcoin on MSBC this morning remind me of why stupid people go broke faster.
MicroStrategy—a money losing business software developer that trades under Ticker MSTR—is currently trading for an inflated price of around $168 per share. This share price could soon collapse. [...] Read more →
Propaganda is generally what is being passed off for news these days.
It comes from all perspectives; progressive, conservative, and marginal extremes.
Understanding the language of propaganda is necessary to enable one to quickly filter out articles written with persuasive goals as their ultimate objective. Any article that [...] Read more →
“Energy prices are set by global commodity prices …” Federal Reserve Chairman Powell June 15th, 2022
What follows is President Joe Biden’s delusional letter to oil company executives. I have added commentary to address the delusion. My comments are highlighted in yellow and parenthesis.
FEDERAL TRADE COMMISSION16 CFR Part 23Guides for the Jewelry, PreciousMetals, and Pewter Industries
The US Government has laws guiding the business practices of the Jewelry and Precious Metals Industries. If you are unclear as a seller as to your obligations under the law as related to any [...] Read more →
EBay is rife with fake gemstone sellers. But they are not alone. Other gemstone auction sites such as Gem Rock Auctions, and others host shifty peddlers, often unbeknownst to a few oblivious site owners. Although some sites claim to police the legitimacy of their sales, buying gemstones online will always carry risk. [...] Read more →
Seems everybody owns one these days from the local banker, barber, car barker and even the occasional newspaper delivery boy. Heck, we would assert that the newspaper delivery boy is indeed much more rare than that Rolex Submariner on his wrist.
It might surprise the watch buying public to learn that Rolex watches are mass produced.
In fact, millions of Rolex watches have been manufactured since 1929 when Hans Wilsdorf and Alfred Davis established the Wisdorf and Davis company in London, England in 1905. The name Rolex was registered in 1908 [...] Read more →
A Satire of Tulip Mania by Jan Brueghel the Younger (ca. 1640) depicts speculators as brainless monkeys in contemporary upper-class dress. In a commentary on the economic folly, one monkey urinates on the previously valuable plants, others appear in debtor’s court and one is carried to the grave.
Max Ernst – Photo from the Dutch National Archives
Art fraud on eBay is rampant. Whether intentional or unintentional on the seller’s part, fake art remains fake art.
Lately, a seller going by the moniker gallery83fineart has an amazing collection of Max Ernst prints or photographs that are apparently signed [...] Read more →
A rose-cut synthetic diamond created by Apollo Diamond using a patented chemical vapour deposition process.
The much overused word, sustainability, has been seared into the hearts and minds of Millennials and Generation Z. Using that word, the two groups have been duped into believing some amazing myths. Among those are that [...] Read more →
There once was a man who sold the Brooklyn Bridge(three times), Madison Square Garden, and The Metropolitan Museum of Art, Grant’s Tomb, and the Statue of Liberty to unsuspecting immigrants landing in New York City seeking out the American Dream. The salesman’s name was George C. Parker. [...] Read more →
Prisons as places of detention are very ancient institutions. As soon as men had learned the way to build, in stone, as in Egypt, or with bricks, as in Mesopotamia, when kings had many-towered fortresses, and the great barons castles [...] Read more →
Country House Essays, the book is now in print. This is an eclectic collection of both original, and historical essays, poems, books, and articles created for our loyal reader hear at CountryHouseEssays.com. It is jam packed with reprints of articles from this website. The cost is $49.95 for this massive [...] Read more →
Although the light of nature, and the works of creation and providence, do so far manifest the goodness, wisdom, and power of God, as to leave men inexcusable; yet are they not sufficient to give that knowledge of God, and of his will, which is necessary [...] Read more →
Harvey Wiley, Chief Chemist of the Department of Agriculture’s Division of Chemistry (third from the right) with his staff, not long after he joined the division in 1883. Wiley’s scientific expertise and political skills were a key to passage of the 1906 Food and Drugs Act and the creation of the FDA.
“Saint John’s Gate, Clerkenwell, the main gateway to the Priory of Saint John of Jerusalem,” black and white photograph by the British photographer Henry Dixon, 1880. The church was founded in the 12th century by Jordan de Briset, a Norman knight. Prior Docwra completed the gatehouse shown in this photograph in 1504. The gateway [...] Read more →
The University of Tennessee in Knoxville, Tennessee has a long heralded tradition of assisting farmers and growers through it’s Agricultural Extension Service. The following bulletin entitled Grape Growing in Tennessee discusses the Muscadine variety of grapes among others. Muscadine grapes are often found growing wild in Tennessee. On my grandfather’s West Tennessee [...] Read more →
Resolution adapted at the New Orleans Convention of the American Institute of Banking, October 9, 1919:
“Ours is an educational association organized for the benefit of the banking fraternity of the country and within our membership may be found on an equal basis both employees and employers; and in full appreciation [...] Read more →
Reprinted from FineModelShips.com with the kind permission of Dr. Michael Czytko
The SAN FELIPE is one of the most favoured ships among the ship model builders. The model is elegant, very beautifully designed, and makes a decorative piece of art to be displayed at home or in [...] Read more →
By the death of Mr. Scarth on the 5th of April, at Tangier, where he had gone for his health’s sake, the familiar form of an old and much valued Member of the Institute has passed away. Harry Mengden Scarth was bron at Staindrop in Durham, [...] Read more →
A Lecture Delivered at the Guildhall, March 2, 1853 by Rev. H.M. Scarth, M.A., Rector of Bathwick.
To understand the ancient history of the country in which we live, to know something of the arts and manners of the people who have preceded us, to ascertain what we owe to [...] Read more →
Eadweard Muybridge was a fascinating character. Click here to learn how Eadweard committed “Justifiable Homicide” after shooting his wife’s lover in 1874.
The arsenicals (compounds which contain the heavy metal element arsenic, As) have a long history of use in man – with both benevolent and malevolent intent. The name ‘arsenic’ is derived from the Greek word ‘arsenikon’ which means ‘potent'”. As early as 2000 BC, arsenic trioxide, obtained from smelting copper, was used [...] Read more →
Photo Caption: The Marquis of Zetland, KC, PC – otherwise known as Lawrence Dundas Son of: John Charles Dundas and: Margaret Matilda Talbot born: Friday 16 August 1844 died: Monday 11 March 1929 at Aske Hall Occupation: M.P. for Richmond Viceroy of Ireland Vice Lord Lieutenant of North Yorkshire Lord – in – Waiting [...] Read more →
Water, 1 gallon; sugar 2 pounds of water. 61/2 pints, and simple syrup. 2 1/2 pints; 2 pints of pineapple stock or 1 pint of pineapple stock and 1 pint of grated pineapple juice of 6 lemons. Mix, strain and freeze.
The Queen Elizabeth Trust, or QEST, is an organisation dedicated to the promotion of British craftsmanship through the funding of scholarships and educational endeavours to include apprenticeships, trade schools, and traditional university classwork. The work of QEST is instrumental in keeping alive age old arts and crafts such as masonry, glassblowing, shoemaking, [...] Read more →
Sal soda…8 ounces av. (hydrated sodium carbonate)( Na2CO3∙10H2O) or soda ash. Borax…….4 ounces av. Both should be in powder.
In using, this amount of material is to be dissolved in a gallon of water, then mix this with a solution of a pound of soap (any good [...] Read more →
The fact is, had one been living in the early 19th Century, one might occasionally encounter a counterfeit cup of tea. Food adulterations to include added poisonings and suspect substitutions were a common problem in Europe at the time.
Photo Caption: The Marquis of Zetland, KC, PC – otherwise known as Lawrence Dundas Son of: John Charles Dundas and: Margaret Matilda Talbot born: Friday 16 August 1844 died: Monday 11 March 1929 at Aske Hall Occupation: M.P. for Richmond Viceroy of Ireland Vice Lord Lieutenant of North Yorkshire Lord – in – Waiting [...] Read more →
Over the years I have observed a decline in manners amongst young men as a general principle and though there is not one particular thing that may be asserted as the causal reason for this, one might speculate…
Self-awareness and being aware of one’s surroundings in social interactions [...] Read more →
Oh Glorious England, verdant fields and wandering canals…
In this wonderful series of videos, the CountryHouseGent takes the viewer along as he chugs up and down the many canals crisscrossing England in his classic Narrowboat. There is nothing like a free man charting his own destiny.
What is follows is an historical article that appeared in The Hartford Courant in 1916 about the arsenic murders carried out by Mrs. Archer-Gilligan. This story is the basis for the 1944 Hollywood film “Arsenic and Old Lace” starring Cary Grant and Priscilla Lane and directed by Frank Capra. The [...] Read more →
THE PRINCIPAL fruit and nut trees grown commercially in the United States (except figs, tung, and filberts) are grown as varieties or clonal lines propagated on rootstocks.
Almost all the rootstocks are grown from seed. The resulting seedlings then are either budded or grafted with propagating wood of the desired [...] Read more →
Notes on the intaglio processes of the most expensive book on birds available for sale in the world today.
The Audubon prints in “The Birds of America” were all made from copper plates utilizing four of the so called “intaglio” processes, engraving, etching, aquatint, and drypoint. Intaglio processes [...] Read more →
We opened the doors on the old Dodge van parked under the big oak tree the old farm house etched with memory ropes hanging down and an old plank swing She kicked her bare feet playfully in the dirt and then soared to the sky Looking out over Illinois corn fields full in growth, [...] Read more →
Cannone nel castello di Haut-Koenigsbourg, photo by Gita Colmar
Without any preliminary cleaning the bronze object to be treated is hung as cathode into the 2 per cent. caustic soda solution and a low amperage direct current is applied. The object is suspended with soft copper wires and is completely immersed into [...] Read more →
“The Leda, in the Colonna palace, by Correggio, is dead-coloured white and black, with ultramarine in the shadow ; and over that is scumbled, thinly and smooth, a warmer tint,—I believe caput mortuum. The lights are mellow ; the shadows blueish, but mellow. The picture is painted on [...] Read more →
Exhaust blackened dirty snow Bleak City cold winter sting Cars in ditches Tire chains and rock salt Doughnut shop at four am Factory whistle blows at five Hot coffee on the dashboard Eyes on the road Front wheel drive Cadillac I’ll make it on time
The following are transcripts of two letters written by the Founding Father Thomas Jefferson on the subject of seed saving.
“November 27, 1818. Monticello. Thomas Jefferson to Henry E. Watkins, transmitting succory seed and outlining the culture of succory.” [Transcript] Thomas Jefferson Correspondence Collection Collection 89
Awakened to mild rumbles of thunder and pounding rain washed down by a steady drizzle and more downpour coating asphalt with mirrored reflections of oily alluvial runoff easing back into a soothing pattern of velvety rain drops drizzling down the foliage encased wrought iron balcony rails
3-4 Young Squirrels, dressed and cleaned 1 tsp. Morton Salt or to taste 1 tsp. McCormick Black Pepper or to taste 1 Cup Martha White All Purpose Flour 1 Cup Hog Lard – Preferably fresh from hog killing, or barbecue table
Take the large blue figs when pretty ripe, and steep them in white wine, having made some slits in them, that they may swell and gather in the substance of the wine.
Then slice some other figs and let them simmer over a fire in water until they are reduced [...] Read more →
THE VALUE OF EVEN TEMPER IN ATHLETICS—SOME OF THE FEATS THAT REQUIRE GOOD NATURE
In the writer’s opinion it becomes necessary to make at this point some suggestions relative to a very important part of the training in jiu-jitsu. Good nature is as essential [...] Read more →
For years in the West African nation of Ghana medicine men have used a root and leaves from a plant called nibima(Cryptolepis sanguinolenta) to kill the Plasmodium parasite transmitted through a female mosquito’s bite that is the root cause of malaria. A thousand miles away in India, a similar(same) plant [...] Read more →
There exists at present a good deal of misconception with regard to the practices of the Haṭha Yoga. People easily believe in the stories told by those who themselves [...] Read more →
On the evening of November 15th, the little village of Mahim was the scene of a murder, perhaps the most determined which has ever stained the annals of Bombay. Three men were massacred in cold blood, in a house used [...] Read more →
The following recipes form the most popular items in a nine-course dinner program:
BIRD’S NEST SOUP
Soak one pound bird’s nest in cold water overnight. Drain the cold water and cook in boiling water. Drain again. Do this twice. Clean the bird’s nest. Be sure to [...] Read more →
Pencil sketch of Sir Charles Lock Eastlake by John Partridge (Queen Victoria’s favourite portrait painter), 1825
From the work of Sir Charles Lock Eastlake entitled Materials for a history of oil painting, (London: Longman, Brown, Green, and Longmans, 1846), we learn the following:
The effect of oil at certain temperatures, in penetrating [...] Read more →
The magician delighted in exposing spiritualists as con men and frauds.
By EDMUND WILSON June 24, 1925
Houdini is a short strong stocky man with small feet and a very large head. Seen from the stage, his figure, with its short legs and its pugilist’s proportions, is less impressive than at close [...] Read more →
Dr. David Starkey, the UK’s premiere historian, speaks to the modern and fleeting notion of “cancel culture”. Starkey’s brilliance is unparalleled and it has become quite obvious to the world’s remaining Western scholars willing to stand on intellectual integrity that a few so-called “Woke Intellectuals” most certainly cannot undermine [...] Read more →
Fried fish cakes are sold rather widely in delicatessens and at prepared food counters of department stores in the Atlantic coastal area. This product has possibilities for other sections of the country.
The element copper effectively kills viruses and bacteria.
Therefore it would reason and I will assert and not only assert but lay claim to the patents for copper mesh stints to be inserted in the arteries of patients presenting with severe cases of Covid-19 with a slow release dosage of [...] Read more →
WITCHCRAFT, SORCERY, MAGIC AND OTHER PSYCHOLOGICAL PHENOMENA AND THEIR IMPLICATIONS ON MILITARY AND PARAMILITARY OPERATIONS IN THE CONGO
This report has been prepared in response to a query posed by ODCS/OPS, Department of the Army, regarding the purported use of witchcraft, sorcery, and magic by insurgent elements in the Republic [...] Read more →
The University of Tennessee in Knoxville, Tennessee has a long heralded tradition of assisting farmers and growers through it’s Agricultural Extension Service. The following bulletin entitled Grape Growing in Tennessee discusses the Muscadine variety of grapes among others. Muscadine grapes are often found growing wild in Tennessee. On my grandfather’s West Tennessee [...] Read more →
The Effect of Magnetic Fields on Wound Healing Experimental Study and Review of the Literature
Steven L. Henry, MD, Matthew J. Concannon, MD, and Gloria J. Yee, MD Division of Plastic Surgery, University of Missouri Hospital & Clinics, Columbia, MO Published July 25, 2008
