Thursday, December 5, 2024

Money, money, money makes the world go around

So sang Sally Bowles in the Kit Kat Klub, a cabaret in Berlin back in the 1930s, and once again the world has come around to the month of December.

December is chock full of things for bloggers to blog about. There's St. Nicholas Day (tomorrow), Pearl Harbor Day, St.Lucy's Day, Beethoven's birthday, winter solstice, Christmas Eve, Christmas Day, Hanukkah, Boxing Day, Kwanzaa, New Year's Eve. I think I've written about them all in years gone by.

This year nothing floats my boat. Not even President Biden's pardoning of his son Hunter for anything he might have done since Jan 1, 2014. Especially not President Biden's pardoning of his son Hunter for anything he might have done since Jan. 1, 2014.

Speaking of money (see what I did there?), the price of a single share of the cryptocurrency known as Bitcoin reached an all-time high today of $103,595.75USD. If, on a lark, you had bought one dollar's worth of Bitcoin back in 2009, this afternoon it would briefly have been worth $103,595,750USD before it settled back to a mere $97 million or so in round figures. If you actually did that back in 2009, I congratulate you. Unfortunately for me and my heirs, I didn't.

Several years ago, a friend gifted us with some Vietnamese paper currency totalling 200,000 Vietnamese Dong (VD) and assured us it would be worth a lot of money once Vietnam's economy recovered as expected. At the time, 200,000 dong was worth $8.40 in U.S. dollars. After hearing about Bitcoin today, I checked and my 200,000 Vietnamese Dong is now worth $7.80 in U.S. dollars.

When it comes to financial matters, I'm a a regular Wrong-Way Corrigan.

6 comments:

  1. The funniest thing about the Biden pardon is reading the blogs in my small blog circle where they and their followers are shouting very loud that the charges were all untrue and they were lies and a witch hunt. Of course for them anything against a Democrat is a witch hunt and untrue. It is laughable. At least have the guts to admit it that there were some wrongdoing involving his son at the time of Joe being VP and the Democrats are no more squeaky clean than the Republicans.

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    1. I probably have a skewed view because we watch Fox News (Rupert Murdoch’s people) but Biden seems like the biggest liar in the world. I happened to read Wikipedia’s article on Hunter this week and it still says “false allegations” about Joe withholding US funds from Ukraine unl as they fired the prosecutor, and I distinctly remember seeing a video of Joe boasting about doing that very thing. The Democrats by and large are in disarray at the moment and pointing fingers at one another as to who is responsible for Kamala’s losing the election. I hope they stay that way. They live and never seem to learn. Hilary Clinton should just shut up and sit down. Thank you, Rachel.

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  2. Only invest if you can afford to lose.

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    1. Some people are attracted to living on the edge, the riskier the better. Your advice is best. Thank you Janice.

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  3. I guess I won't be buying any bitcoin soon.

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    1. Me neither, although I think ETFs (exchange-traded funds) around where one can buy microscopic slivers of a share. Too risky for my blood, plus there is also the fact that I don’t have any discretionary income — my assets are all tied up in debts! Thank you, Keith.

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<b>Money, money, money makes the world go around</b>

So sang Sally Bowles in the Kit Kat Klub, a cabaret in Berlin back in the 1930s, and once again the world has come around to the month of ...