One reason the Left hates Rush so much is that he was so effective at skewering their pretensions to moral and intellectual superiority. He made it okay to laugh at them, to judge the failure of their policies without ritually celebrating their alleged good intentions.

Around the world, very much including the Western world, real power is measured by the ability to silence criticism.

The highest reaches of power are measured by the ability to force people to speak in politically-approved ways.

The ability to silence criticism is a signifier of power. It's how truly powerful groups and regimes recognize each other. If free people can challenge your ideals or mock you without fear, you aren't TRULY powerful, no matter how much authority you might nominally possess.

And if you can force people to speak, force them to use your preferred language, penalize them socially or legally for failing to signal their support for your agenda, then you've entered the winner's circle. Your government or movement has taken a seat at the highest table.

This is one of the reasons people with authoritarian or totalitarian inclinations are constantly screaming that opponents are trying to silence them, even when it's manifestly untrue. It's a means of signaling their contempt for the opposition, of diminishing its stature.

These people would cheerfully allow themselves to be silenced by a regime or movement they truly respected. They pretend to be victims of oppression as a means of signaling the illegitimacy of leaders they despise.

Just as no amount of flat temperature data would dissuade the climate cult, so no amount of flat (or even negative!) data on mask effectiveness will shake the faith of the Church of Covid. Beautiful Theories cannot be disproven by mere information.

The "Covid emergency" will never be over. It will mutate and seek out new missions when this particular virus threat abates, repurposing its funding and clinging to its power. They're already talking up the "next pandemic" and how we must forever remain at DEFCON 2 to be ready.

Masks are now a visible and tangible symbol of an entire agenda. Its champions will use every means possible to force you to wear them forever, including corporate pressure, their new favorite tool. Expect commercial mask requirements to linger, especially big corporations.

True believers, meanwhile, will wear their masks with grim determination and scowl ostentatiously at everyone who refuses to join them. It's a new virtue signal that will not go away any time soon. Mask scolding is a quick, easy, heady power rush.

All the while, studies will keep rolling out that masks don't help, and might even hurt. That was fairly common medical knowledge before the pandemic began, but it was aggressively suppressed when masks became a political symbol, and a totem for people desperate to DO SOMETHING.

Every modern effort to crush free speech begins as a crusade against "disinformation." China's massive Internet censorship apparatus was initially justified as an effort to control the spread of false information, and the Chinese state still describes it that way.

Censors begin by claiming that they only want to control the spread of deliberate falsehoods and push back against propaganda campaigns. They always begin by saying their primary concern is disinformation spread by hostile foreign powers. China constantly says that to this day.

The definition of "disinformation" begins to expand as the censors seek more power. Soon they aren't just going after DELIBERATE falsehoods pushed by malevolent conspiracies - they're suppressing everything from honest mistakes to predictions and "wrong" opinions.

It soon becomes clear that the censorship rules - like all other rules in totalitarian societies - are not applied evenly. The ruling party and its friends are judged much less harshly than dissidents. They get far more latitude to make unfounded statements or outright lies.

The censors move on, suppressing not just "disinformation" or demonstrably false statements, but even completely true statements that lack some vital "context." The censors declare that even pure truth is deceptive when it's not packaged and delivered "correctly."

Panic has always been a valuable political resource, but 2020 was the year our ruling class perfected the art of harvesting it, renewing it, and refining it to weapons-grade purity.

The bitter irony is that one reason panic became so easy for politicians and grifters to sow and reap is the great collapse in confidence caused by their own incompetence and greed over the past few decades. The political class found a way to profit from its own ineptitude.

If public confidence in government and major institutions had not been so thoroughly shaken by years of rampant corruption and incredibly expensive failures, perhaps the public would not have been panicked so easily - and profitably! - when the coronavirus struck.

Even as public confidence collapsed and paranoia grew, social media came along to make our society more twitchy and neurotic. We argue constantly about the spread of "disinformation," but not enough about how social media rewards irrationality and performative emotionalism.

Panic and social media both nourish the human herd instinct, and herds respond to loud noises, not reasonable arguments. Our society was panicking over far less important and dangerous things before Covid-19 arrived. We were panicking over some bizarre social issue every week.

Mega Thread on Personal Finance 101

👇👇👇

Rule of 72 (Double Your Money)
Rule of 114 (Triple)
Rule of 144 (Quadruple)
Rule of 70 (Inflation)
4% Withdrawal Rule
100 - Minus Age Rule
10, 5, 3 Rule
50-30-20 Rule
3X Emergency Rule
40℅ EMI Rule
Life Insurance Rule

♻ Rule of 72

No. of yrs required to double your money at a given rate, U just divide 72 by interest rate
Eg, if U want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 yrs

At 6% rate, it will take 12 yrs
At 9% rate, it will take 8 yrs

📋Rule of 114

No. of years required to triple your money at a given rate, U just divide 114 by interest rate.

For example, if you want to know how long it will take to triple your money at 12% interest, divide 114 by 12 and get 9.5 years

At 6% interest rate, it will take 19yrs

🗒️ Rule of 144

No. of years required to, quadruple your money at a given rate, U just divide 144 by interest rate.

For eg, if U want to know how long it will take to quadruple your money at 12% interest, divide 144 by 12 and get 12 yrs

At a 6% interest rate, it will take 24yrs

🗒️ Rule of 70

Divide 70 by the current inflation rate to know how fast the value of your investment will get reduced to half its present value.

The inflation rate of 7% will reduce the value of your money to half in 10 years.

The most common problem faced by day-traders and it's easy solution which is extremely difficult to implement.
A thread.
( uses concepts I have discussed many times before in separate threads)

Problem : I have a good system, I understand charts and/or price action, but I simply can't make money. I hold my losses too long or ( this is most common) I get out of profitable positions too fast and cannot sit for the whole move

At many firms at NASDAQ, day-traders are seen as elite sportspersons playing in a difficult taxing game. That's why, they have regular sessions with sports psychologists. They are advised to follow the basic routine of sportspersons.
Train ---- Play tournaments --- Rest

The cycle repeats

We retail day-traders here neither rest nor train.

Rest = taking time off markets
Train = trading in markets in training mode

Understanding REST is easy, simply take time off markets and spend time with family or do something you love

I reached financial independence and quit my 9-5 job this week at 33 years old to work with my own projects.

A thread with lessons about:

-freedom
-time
-money

One day in 2018 when I was in my 9-5 cubicle, I thought to myself while I stared out of the window:

How could I continue waking up every morning and be totally unexcited about everything I was going to do day after day?

This led me to Google:

“How to quit my job forever”.

You know the rest of the story.

Early Retirement Extreme and Mr. Money Mustache are the first pages popping up.

I read everything in a couple of days.

There was really no way back.

WTF, could I quit my job in a couple of years by investing?

I have always been pretty good at handling money, but earlier on I'd just pay down my mortgage faster.

Now I was going all-in on investing.

I started saving and earning more money by changing my 9-5 job.

Starting out I had a savings rate of 40%.

Last 5 months SR: over 90%

I got addicted to investing.

It was like a game.

My salary was increasing every month and on top of that, I started earning more online than I did in my 9-5.

I started dreaming about $100M.

But, then I reflected:

"What will I sacrifice if I continue like this for 30+ years?

The Cantillon Effect is the most important economic concept you’ve never heard of.

Here's a breakdown of what it is (and why you should care):

1/ Richard Cantillon was an Irish-French economist and philosopher born in the 1680s.

He achieved success as a banker—which he attributed to the formidable connections made through his family and employer.

At a young age, he had learned of the impact of proximity to power...

2/ Around 1730, Cantillon wrote a paper—Essay on the Nature of Commerce in General—which is considered a foundational work in the study of the political economy.

It was widely circulated in manuscript form, though it was not published until 1755, well after his death.

3/ In the paper, Cantillon posited that the early recipients of new money entering an economy will benefit more significantly than those it trickles down to.

In other words, the "flow path" of the new money matters!

4/ In 18th century terms, those closest to the King—the source of money/power—benefitted first when new money entered the economy.

Broadly, Cantillon observed that new money creates distributional effects based on where it enters the system.

The Cantillon Effect was born...