John T. Reed’s news blog

Bill McGurn has a fantastic column in today's WSJ: "The Woke 'Model Minority' Myth." Google the title to read it. Chinese are now ‘white,’ not ‘people of color.’ First, the liberals in Washington [name change pending?] State teed this up irresistibly. . North Thurston public schools in Lacey, Washington moved Asian-Americans out of the category of "people of color" and into the "white" category. This would have delighted Chinese-Americans in the yellow journalism era when ‘Yellow Peril” [Chinese immigration into U.S.] was considered an existential national crisis warranting the enactment of the Chinese Exclusion Act of 1882. It would also...

So many of the Reddit pump-and-dump children decided to drive the price of silver up. I talk about bitcoin and stock picking because they are too large to ignore, but I have not studied bitcoin and will not—for the same reason I do not study Leprechans. I HAVE studied the stock and bond market a lot, but to learn lessons I could apply to real estate investment, not to invest in bonds (Agh! They are the road to hell in hyperinflation.) or stocks (we have index funds). The different categories of investments have made varying amounts of progress in the...

I went to Costco today—to stock up. . It was mobbed but their checkout is very efficient. . Any problems? Yes. I was buying barter items that we will use if somehow there is not hyperinflation or depression. One was I tried to buy four Calgon dishwasher detergent containers. They would only sell me one. . That suggests that other people, who neither read nor wrote my hyperinflation book, are sensing impending financial chaos. Or maybe they regard covid 19 as that. . I also bought a bunch of US Forever stamps. 400 for $219. That is a bit of...

Here is an item I posed on my Facebook wall (https://www.facebook.com/johntreed.publishing) “Do not buy bitcoin. It is a will ’o the wisp and if it inflates due to hyperinflation, it will trigger huge capital gains taxes on what is not a real gain. Actually, with bitcoin, nothing is real but the taxes. . “I am about ready not to feel sorry for you bitcoin guys. You are terminally stupid and may deserve what you get given how many warnings you have received.”.And here is one reader’s response:. “I hear you on the taxes. There are a lot of smart people...

Would you like to do a sort of fire drill to see what hyperinflation would be like for your family? . Here you go: . See how long you and your family can do this and how much fun it is. . • You may NOT spend any US cash (it will be worthless) • you may NOT use a check from a U.S. checking account (the money in the account will be worthless) • You may NOT spend any foreign cash (it will be illegal because of capital controls) • you may NOT pay your taxes other than with...