Odds and ends; Black people, Bitcoin

Please excuse me

Please excuse the website as I am re-uploading over 200 prior posts that I deleted, because I thought my Millie Montag wife was catching on to me. They were all republished with today’s date, so I am working to revert each post to its original publishing date. Things take time for this old man.

Happy Juneteenth

For now, let’s rejoice in the freedom of the black people. The worst thing BLM could have ordered was for the wholesale use of body cams. Instead of revealing all of the racial Injustice against black people, it showed what a pack of childish animals they are. It’s not all of them, but it’s always them.

African Americans have actually become just a laughing stock and a worldwide social media meme. If you think whitey hates the black man, you should see what the Chinese, Indians, Asians, and even black Africans think of African Americans. Holy moly!

Chinese corporations and entrepreneurs go to black Africa and exploit the countries and do not contemplate giving anything back. Black African countries are like financial and moral black holes. These Chinese treat the black African and talk to them like I would talk to livestock grazing on the range. The funniest part is that the blacks in Africa take it, because the Chinese are not whitey.

As a long term property manager and landlord, I no longer rent to them and I no longer hire or work with them. It’s not that I hate them, rather, it’s that they hate the white man and will stick it to him whenever they get the chance. For 20 years up until George Floyd, I never had an issue working with black people. At one time, I had eight separate black tenants in my properties. It was never a problem.

Unfortunately, I found out first hand what a problem dealing with black tenants has become. A lot has changed in five or six years and I don’t want to rent to anyone who becomes recalcitrant and thinks I’m the white slave owner. This is especially true when there is money at stake.

I recently had to sell one of my houses under a Prince George’s County right of first refusal to a long-term black tenant who refused to leave. I sold it at a sizeable discount, too, because I knew the race card would be thrown in my face if I didn’t give them what they wanted.

The buyer’s agent representing the tenants accused me and my agent of being racist and threatened a civil rights violation lawsuit if I didn’t sell to them. Yes, these tenants paid rent that was approximately 40 to 50% below full market, trashed the place and lived like pigs, and then demanded I sell to them at a discount.

If these tenants were Caucasian, Chinese, Indian, Hispanic, etc., I would have thrown them out on their asses 10 to 15 years ago. Instead of charging $1,700 a month for a 2,000 sq. ft. 4/2.5 house, I’d be charging $3,200 a month to a non black person.

I have one last black tenant. It’s a brother sister arrangement and they pay on time, which is nice. They make good money. However, the sister smokes pot like a chimney in my paid-off house, in clear violation of the lease and despite me complaining twice to them.

These tenants also took in a large older dog and this rental house is a no-pet house. Of course, I can’t say anything, because that would be considered racist. If they were Caucasians, or any other race, they would already be gone. But they’re black and we have to treat them like we would treat our pet dogs. Be nice….

This is why I don’t deal with blacks anymore. Like I said, it’s not all of them, but it’s always them. I strongly suggest that my fellow landlords no longer rent to black people anymore. Stick with your own kind, landlording is difficult enough.

For all you religious Communists out there who think we’re all descended from Adam and that the flood filled up the entire planet, get your act together. Wake up, you Edomite-deceived fools.

Once again, happy Juneteenth!

What about bitcoin?

Someone asked me about Bitcoin. Here’s the thing; as long as MSTR and STRC place a stranglehold over bitcoin’s pricing mechanisms, this problem will persist.

Michael Sayler even has been on the record repeatedly saying that Bitcoin would be about $20,000 to $40,000, instead of $60,000 to $80,000, if it weren’t for his firm’s Bitcoin holdings and transactions.

Mr. Saylor is most likely correct in his theory, and that’s the problem. Michael Saylor’s timing with his Bitcoin transactions is awful. He buys as the prices rise and sells when the prices drop. I have stated in the past that it seems like he wants to make a statement with his purchases. He wants to have maximum effect. He’s not a true trader and investor.

If Mr Saylor was as brilliant as he thinks he is, he should be loading up now, instead of at $110,000 to $120,000, with his broad proclamations of $1 million Bitcoin. This blog in real time marveled at his silliness. I think of all the money he spent buying Bitcoin at $120,000. Of course, it wasn’t coming out of his checking account. He was spending other people’s money.

Mr Saylor may one day be correct and a Bitcoin may actually hit seven figures. No one knows for sure, but the way he trades and the way he is so smug with his fatal investment strategies, he probably will never remain solvent long enough.

In order for Bitcoin to hit $1 million or anything remotely close to it, MSTR needs to not be in the equation. The problem with Bitcoin bulls is that they’re highly emotionally charged and refused to see the forest for the trees. It’s as if they are Trump supporters and support everything Trump does, regardless of the horrors it brings to his voter base.

As a longer-term Bitcoin holder, I don’t fall into this false binary when it comes to the pricing of assets. I look at what Mr Saylor has done and even he admits that his ham handedness is helping to support the price of Bitcoin.

For any objective Bitcoin bull, we should hope that Mr Saylor departs from his foolish strategy. In a recent interview, he bragged that he came up with the idea of his preferred issuance and capital raising strategy through a conversation with ChatGPT.

Here’s the problem with AI chatbots. They’re sycophantic and tell us whatever we want to hear. It will agree with whatever we want. So, Mr Saylor found somebody who agrees with him. It just happens to be AI and it involves scores of billions of dollars.

Mr Saylor needs to leave. Let me know when he does and I’ll go long big time on bitcoin.