Saboteurs of the GNP

The City Engineer of Modi'in said in an interview on HaAretz that his town is low-density and is not giving more building permits. No one I know of said it so succinctly. This policy may have been the real reason for my hitting a wall in Ramat Gan. Simply, they are against development. They are used to the current situation, they do not want to be bigger or richer or cosmopolitan. Having grown up in a Socialist regime based on Marx's Capital, where the State proclaimed its achievements in steel production growth, fantastic agricultural yields, and more houses built for the workers, I cannot yet believe that somebody is against the GNP.

But they are.

What is happening?

I watched an Australian podcast about what really is happening in China. Since official statistics are untrue because local mandarins systematically send fake reports to the central government (something traditional in the imperial times), it is necessary to search for special data to learn what is happening. Someone searched the internet for any public data on salt consumption in China. Chinese consume about 11 grams per day, way above the WHO guidelines. It appears that calculating the population numbers based on table salt sales, China has about 900 - 1000 million inhabitants. Pompeo also mentioned that figure. About 250 million "disappeared" during the COVID epidemy (Vehicles waiting near a crematory - satellite image). They had no vaccines and to hide mass deaths, they closed down public transport and forbade people to go out to the streets. 

Per contra, it was published that in Israel no healthy adult died, only already sick elderly people. I got the virus but was vaccinated and did not feel a thing. Israel is the best country in the world. 

 

Recession

My favorite shares have collapsed: ZIM, the Israel Company, ICI the Potash business. I just got a phone call from the Bank that they had retired their recommendation on NVidia. Dalio says it is cyclical and will rise again. I shall wait out the recession. Musk and the economic papers say that America does have not enough PhDs in the computing fields. It cannot compete with China. I should not worry about them. 

A Good War would re-stimulate the economy. 

Another one bites the dust

 

After eight months of work on this Ramat Gan project, I received the permit. In my name. I feel that a heavy weight was lifted from my ancient back. Tomorrow I shall submit the bill.

Another one bites the dust

Another one bites the dust

And another one gone and another one gone

Another one bites the dust

Hey I'm gonna get you too

Another one bites the dust

I could stop

 

In 1970, in Buenos Aires, I wrote down my life goals on a piece of paper and kept it in my wallet to have it always in mind. Benjamin Franklin's autobiography (Biblioteca Lincoln) inspired me. I formulated two goals: (1) family and (2) money. As an only child of penniless immigrants, I wanted a family. I had it quantified, I do not remember exactly but it was around four children. Quantifying my capital objective, I wanted to achieve a middle-class secure income. I estimated that it could be done with a capital of 100,000 dollars, which would yield about 1,000 dollars monthly income. Then it seemed like a large capital but soon I was working in Nigeria earning (and saving) 1,100 US$/month. 

52 years after I have overachieved my goals. I could stop, but then what?

NVidia Breakout

 NVidia shares rocketed 25% on the NASDAQ today. I have some, it was a good decision. I had convinced Ronit to buy some but she sold them very early. My strategy of buying and keeping is giving fruits. 

Yesterday had a family dinner at Nomi's home at Harish. She is vegetarian and I am not, which is a way of saying that I did not enjoy the food. It is nice to see my family functioning so well. 

The Machine is a Thief (but the Bank is Honest)

The ATM of Bank Hapoalim stole from us 1200 + 300 shekels. It announced that there was a false 100 shekel and closed, with the money inside. We had taken the same money from the same machine the day before. 

P.S.: The Bank deposited in my account the money, with the original date. I had no faith in them, but they proved to be honest. Good.