Although I will continue this blog, most of my new postings will be in one of my Flipboard magazines. Initially, these magazines were only available to be read on Web-enabled phones. But now they can also be read in your browser as well. The links below will take you to my various magazines, and I think that you will find that their format makes them significantly easier to page through and find the items of most interest to you in a very short amount of time. Additionally, the look and feel of the magazine format is a significant improvement over this blog format. Test a link and see for yourself.
This is perhaps the most amazing video that I have ever seen. (Video shot about two miles from where I live.)
Forget about Bitcoin, the money. It is MUCH larger than that. This is the biggest revolution since the Web. Pay Attention!
Although this made me laugh, as a Viet Nam vet I also realize that this is a very serious issue.
Peace, Love and Pepper Spray
By Amber Lyon
“Every time history repeats itself the price goes up.” -Anon
(Agence France-Presse, December 1, 2013)
[CLICK the above credit line for the full article]
The idea? Buy up the personal debt of those who are struggling to fulfill their basic needs, like health care or housing. . . . For the New York-based group’s first anniversary, it announced this month that in one fell swoop it had bought up the equivalent of nearly $13.5 million in medical debt that some 2,693 people owed to hospitals and medical offices. . . . The group purchased the debt for only $400,000 — mainly paid for by small donations made to the organization over the Internet. . . . In the United States, when a bill is not paid within 90 days, a bank can attempt to reduce its losses by selling the loan at a discounted price to professional debt buyers. These are then resold on a secondary debt market. . . . On its website, Rolling Jubilee says that “banks sell debt for pennies on the dollar on a shadowy speculative market of debt buyers who then turn around and try to collect the full amount from debtors.” . . . According to Strike Debt member Ann Larson, “for every dollar of debt we abolish, we paid only two cents.” . . . The group has no idea whose debt it was purchasing: sales are made anonymously and it’s not until the end of the transaction that Strike Debt has access to the addresses to which it will send letters, such as the one it mailed to Logsdon. . . . Medical bills are one of the leading causes of personal bankruptcy in the United States. . . . In 2013, one in five Americans will have struggled paying medical bills and more than 35 million people will be contacted by debt collectors, according to a study by NerdWallet, a company specializing in personal finance and credit options.