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Epstein, Trump and 2008

For four years, Trump pushed hard on the prosecution of revelation of the crimes of Epstein & Co.   Considering Trump's own "Grab them by the pussy" comment it is almost certain that Trump did not care what his "friend" was doing.  It is well known that Trump had beauty pageant for the express use of finding pretty women… However, its more than likely that Trump had no idea how debased and appalling his friend's behavior (also of the Prince!).  Rape, torture and murder were common on his Island, and Eptein remain close to trump and his allies all the way to 2019 (AKA meeting with Steve Banon).  Had Trump known the absolutely terrible things that Epstein and his friends did it is unlikely that Trump would have pushed for the revelation of the FBI and DOJ file.   So far Trump's name is in the file more than 37,000 and is rumored to be named more than a million times in the unredacted version of the complete file… Trump and his allies in Congress, the...

The demise of cryptocurrencies?

From a high of $120,000 to less than $70,000 today, one has to wonder what is going on with Bitcoin.  My favorite are the stories of "Crypto-pushers" who now reveal that despite telling the world to "go big on crypto" have not purchased any bitcoin since 2018 when it hovered around $6k.  The truth of cryptocurrencies is that they behave more like rare paintings than even gold.  The value is entirely driven by what others are ready to pay, as a high water mark, and the cost of extraction, as the low water mark.   Currently the cost of mining a bitcoin is around $70,000 per coin.  The cost of extracting gold is about $1,000.  That means that gold suppliers will "stop" producing gold when the price drops below $1,000 (there is some flexibility there). However, the price of gold right now is around $5,000…so still a very profitable endeavor.  What this means is that most miners will stop mining until the price rises above $70,000.   I am exa...

Travelling like a Billionaire

Once again I am back from the US.   The trip was trouble free because we flew private there and back.  My friend invited my wife and I to join him in Jackson Hole for 10 days of skiing.  The truth is that it's evident that some pigs are more equal than others.  The customs and immigration experience when flying private is very different.  We still needed a visa but no real questions were asked, we landed in Chicago to refuel…and then to Jackson Hole My comment is different, I saw the USA as a billionaire would.  As an example the "cost of leasing a G700" is $32,000 per hour and we used it for nearly 30 hours all in all…you do the math of how expensive the flight was for the four of us.  Our host "borrowed" a 9 bedroom house from a "friend of a friend".   We had special VIP ski passes where we did not wait for gondolas and at only in 3 star restaurants the entire 10 days we were there.  The notional cost of the trip for the four of u...

Trump and Venezuela...

The US now owns Venezuela…and not in a good way.  America is not known for its nation building skills, and yet it now owns the disaster that is Venezuela.   Starvation and exodus are the natural progression.   In addition it will become a haven for narco-terrorists, more so than it already was. I am sure that Trump and his friends really thought that little attack very well…I guess that he will now attack Iran now.  

A year in review:

2025 has been a strange one.    Our family is stronger than ever, our four kids are doing great and everyone is healthy.   The farm is doing great, and our businesses are doing very well.   Sure we have seen declining demand for our products, but since demand far exceeded supply it really has not hit the bottom line, the only change now is that we have enough stock to meet demand.  It doesn't say anything good about the UK economy, but we are ok for now. Politically, the UK has been an unmitigated disaster, with an incompetent government and an idiot as prime minister.   Granted Brexit is finally starting to hurt, mainly because the EU is hurting and the first to suffer are the outsiders (AKA us…).  However, the incompetence of the government is breathtaking, and the blame must be squarely set at the 10 Downing Street. If someone had told me that America could decline as fast as it did over the past year, I would have called you a liar....