{"id":66425,"date":"2021-05-08T02:15:04","date_gmt":"2021-05-08T09:15:04","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=66425"},"modified":"2024-09-17T15:25:20","modified_gmt":"2024-09-17T22:25:20","slug":"black-coffee-8-may-2021","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id66425-black-coffee-8-may-2021.html","title":{"rendered":"Black Coffee: Uncle Sugar and the Booby Twins"},"content":{"rendered":"<p style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-51224\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2018\/10\/hurricane-flags.jpg\" alt=\"\" width=\"300\" height=\"287\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2018\/10\/hurricane-flags.jpg 404w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2018\/10\/hurricane-flags-300x287.jpg 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><em>It&#8217;s time to sit back, relax and enjoy a little joe &#8230;<\/em><\/p>\n<p>Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what&#8217;s been going on in the world of money and personal finance.<\/p>\n<p>I hope everybody had an enjoyable week. Without further ado, let&#8217;s get right to this week&#8217;s commentary &#8230;<\/p>\n<blockquote><p><em>Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants, and debt is the money of slaves.<\/em><\/p><\/blockquote>\n<p style=\"text-align: right;\"><strong>&#8212; Norm Franz<\/strong><\/p>\n<blockquote><p><em>The government is like a bunch of cockroaches. They don&#8217;t bother you so much by what they steal and carry off as they do by what they fall into and foul up.<\/em><\/p><\/blockquote>\n<p style=\"text-align: right;\"><strong>&#8212; Anonymous<\/strong><\/p>\n<p><strong>Credits and Debits<\/strong><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> Did you see this? Although it originated as a joke, this week Dogecoin became one of <a href=\"https:\/\/www.forbes.com\/sites\/roberthart\/2021\/05\/04\/dogecoin-blasts-through-50-cents-barrier-to-new-all-time-high\" target=\"_blank\" rel=\"noopener\">the five biggest cryptocurrencies<\/a> based on its market capitalization. And lest you have any doubts that Dogecoin&#8217;s ascendance is proof positive that cryptocurrencies have finally jumped the shark, <em><strong>this<\/strong><\/em> officially seals the deal:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">What about <a href=\"https:\/\/twitter.com\/hashtag\/ballscoin?src=hash&amp;ref_src=twsrc%5Etfw\">#ballscoin<\/a> ? It only drops as you get older<\/p>\n<p>Kevin John (@kevinjohn40) <a href=\"https:\/\/twitter.com\/kevinjohn40\/status\/1389367918048198656?ref_src=twsrc%5Etfw\">May 3, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> In other news, Bank of America noted that mentions of &#8220;inflation&#8221; during quarterly company earnings calls with the media have jumped 800% year-over-year. Their conclusion? &#8220;On an absolute basis, it points to, at the very least, <a href=\"https:\/\/www.zerohedge.com\/markets\/bofa-transitory-hyper-inflation-ahead\" target=\"_blank\" rel=\"noopener\">&#8216;transitory&#8217; hyperinflation<\/a> ahead.&#8221; Hey &#8230; that&#8217;s <em><strong>their<\/strong><\/em> words; not mine. By the way, like a house fire, hyperinflation is <em><strong>always<\/strong><\/em> transitory. The only difference is the fuel &#8212; one is wood; the other is purchasing power. And when it&#8217;s gone &#8230; it&#8217;s gone.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Meaningless. Titscoin is the only economic indicator one needs. As go Tits, so go the economy!<\/p>\n<p>Max Wellian (@mbell58) <a href=\"https:\/\/twitter.com\/mbell58\/status\/1389977052573573121?ref_src=twsrc%5Etfw\">May 5, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> Inflation slowly works its way into the financial system in distinct phases; before showing up at the retail level it affects raw materials, followed by factory gate prices. And as the <em>Gains, Pains &amp; Capital<\/em> blog points out, with the price of raw materials such as copper, lumber and even gasoline all up triple digits in the last 12 months, we entered <a href=\"https:\/\/gainspainscapital.com\/2021\/05\/03\/inflation-watch-we-are-entering-the-final-and-most-critical-phase\/\" target=\"_blank\" rel=\"noopener\">the final retail-price inflation phase<\/a> a few months ago.<\/p>\n<div id=\"attachment_66443\" style=\"width: 545px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-66443\" class=\"wp-image-66443\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2021\/05\/INFLATION-CRITICAL-COPPER-LUMBER-GAS-1024x654.png\" alt=\"\" width=\"535\" height=\"342\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2021\/05\/INFLATION-CRITICAL-COPPER-LUMBER-GAS-1024x654.png 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2021\/05\/INFLATION-CRITICAL-COPPER-LUMBER-GAS-300x192.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2021\/05\/INFLATION-CRITICAL-COPPER-LUMBER-GAS-768x490.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2021\/05\/INFLATION-CRITICAL-COPPER-LUMBER-GAS.png 1084w\" sizes=\"auto, (max-width: 535px) 100vw, 535px\" \/><p id=\"caption-attachment-66443\" class=\"wp-caption-text\">The year-over-year price increases for copper (black); lumber (blue); gasoline (red).<\/p><\/div>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Thats at least something real with intrinsic value<\/p>\n<p>Chris (@Chris32534266) <a href=\"https:\/\/twitter.com\/Chris32534266\/status\/1389241170585341958?ref_src=twsrc%5Etfw\">May 3, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> And while <em><strong>that<\/strong><\/em> inflationary news was alarming, its even more alarming when you realize <a href=\"https:\/\/www.zerohedge.com\/economics\/chicago-pmi-explodes-38-year-high-soft-survey-data-soars\" target=\"_blank\" rel=\"noopener\">the punchline<\/a>: The last time the Chicago PMI price index was this high was way back in 1980 &#8212; that&#8217;s when the Fed Funds rate was 22% in a desperate attempt to put the runaway-inflation genie back in its bottle. Curiously, the Fed can&#8217;t seem to see <em><strong>any<\/strong><\/em> inflation today. Strange, isn&#8217;t it? It&#8217;s almost as if there&#8217;s a very important reason why they don&#8217;t <em><strong>want<\/strong><\/em> to see it.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">id add that the discomfort is particularly visible when they try and explain how rampant inflation in food, energy, houses, materials isnt inflation because its not part of CPI. Americans arent stupid enough to buy that bridge<\/p>\n<p>Gbleezy (@Gbleezy1) <a href=\"https:\/\/twitter.com\/Gbleezy1\/status\/1390316544580751364?ref_src=twsrc%5Etfw\">May 6, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> Maybe <strong><em>this<\/em><\/strong> has something to do with the Fed&#8217;s willful blindness: Uncle Sam is now responsible for <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-30\/u-s-personal-incomes-soar-by-most-on-record-on-fiscal-stimulus\" target=\"_blank\" rel=\"noopener\">34% of Americans&#8217; income<\/a>. Putting that in perspective, six decades ago transfer payments were 7%. Then, shortly after Nixon closed the gold window in 1971, they climbed into the low teens. The number jumped again after the Great Financial Crisis of 2008, spiking to nearly 20%. And now government transfer payments are officially off the chart. I&#8217;m sure there&#8217;s a good reason for this. Oh, wait &#8230;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">It amazes me the MMT crowd thinks they&#8217;ve discovered some new thing. Like dictators and politicians of yesteryear weren&#8217;t creative enough to figure out that endless handouts and debasing a currency was a way to stay in power? Please. It&#8217;s been tried and failed every time.<\/p>\n<p>Robert Stoll (@rdstoll) <a href=\"https:\/\/twitter.com\/rdstoll\/status\/1388119191539130368?ref_src=twsrc%5Etfw\">April 30, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> For those who still haven&#8217;t figured it out, with the Fed subsidizing the top 1%, and the government providing more support than ever to the lower class, it&#8217;s the <a href=\"https:\/\/www.zerohedge.com\/economics\/record-34-all-household-income-us-now-comes-government\" target=\"_blank\" rel=\"noopener\">rapidly disappearing middle-class<\/a> who get stuck paying the bills &#8212; so bend over, folks. In fact, with barely half of America consisting of middle-income households now, its social strata is no better than many banana republics &#8212; and sadly, the pressure on the middle class is only going to get <em><strong>worse<\/strong><\/em> until the fiat dollar expires. Don&#8217;t believe me? Just ask Janet &#8230;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Abolish the income tax. Abolish the IRS. Abolish the treasury. Abolish the Fed. We don&#8217;t need you&#8230;..for anything. There&#8217;s nothing righteous about returning a small fraction of stolen money to the people you stole it from. <a href=\"https:\/\/twitter.com\/hashtag\/TaxationIsTheft?src=hash&amp;ref_src=twsrc%5Etfw\">#TaxationIsTheft<\/a><\/p>\n<p>ThinkFreedom (@ThinkFreedm) <a href=\"https:\/\/twitter.com\/ThinkFreedm\/status\/1390337579585720320?ref_src=twsrc%5Etfw\">May 6, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The absolute evil that is repurposed as justice in this tweet shows you we are in the late innings people<\/p>\n<p>Brian Barrow (@BrianPBarrow) <a href=\"https:\/\/twitter.com\/BrianPBarrow\/status\/1390341255058673665?ref_src=twsrc%5Etfw\">May 6, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> Speaking of paying the bills, somebody should tell Secretary Yellen that <a href=\"https:\/\/kingworldnews.com\/greyerz-in-this-global-collapse-it-will-be-all-about-survival-here-is-what-you-need-to-do\/\" target=\"_blank\" rel=\"noopener\">US tax revenue has increased<\/a> <strong><em>six-fold<\/em><\/strong> since 1980; that&#8217;s not a revenue problem. The trouble is that America&#8217;s debt has gone up <em><strong>31 times<\/strong><\/em>. Try running <em><strong>your<\/strong><\/em> household like that. On second thought, if earning income by printing counterfeit currency was actually legal for us private citizens, I&#8217;d <span style=\"color: #ff0000;\"><del>probably<\/del><\/span> definitely use that strategy too. After all, it sure beats earning a living by the sweat of your brow &#8212; especially on days like this:<\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/5lntWf3seAI?controls=0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> Unfortunately, macroeconomist Alasdair Macleod warns that the central bankers and politicians have, not surprisingly, &#8220;<a href=\"https:\/\/www.goldmoney.com\/research\/goldmoney-insights\/the-economic-consequences-of-bank-credit-contraction\" target=\"_blank\" rel=\"noopener\">turned a blind eye<\/a> to the effects of monetary expansion. While the government and banks benefit from the seigniorage of money and credit, the losers are the economic producers, retirees, and the lowest-paid, all of which lose through debasement of profits, incomes and capital.&#8221; Imagine that.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Could not create a worse economic situation if you tried and its not like it was difficult to see coming. Weve all been saying how stupid and misguided all of these government decisions have been. Sad that we are subject to the self serving decisions of absolute morons in power<\/p>\n<p>Scott Holycross (@HolycrossScott) <a href=\"https:\/\/twitter.com\/HolycrossScott\/status\/1390662378367422465?ref_src=twsrc%5Etfw\">May 7, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> This week Peter Schiff echoed essentially the same sentiments, saying that although &#8220;higher interest rates are appropriate &#8212; and they are &#8212; they&#8217;re <a href=\"https:\/\/schiffgold.com\/peters-podcast\/peter-schiff-the-fed-cheats-to-avoid-getting-an-f-on-the-economy\/\" target=\"_blank\" rel=\"noopener\">not going to happen<\/a> because they&#8217;re not appropriate for maintaining the bubble economy. And the bubble economy is all we&#8217;ve got.&#8221; Well &#8230; we&#8217;ve also got titscoin now, so there&#8217;s that.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">&#8220;Do you see any change in Fed posture here?&#8221; <a href=\"https:\/\/t.co\/uWnhs8OUBA\">pic.twitter.com\/uWnhs8OUBA<\/a><\/p>\n<p>Rudy Havenstein, building a mystery. (@RudyHavenstein) <a href=\"https:\/\/twitter.com\/RudyHavenstein\/status\/1390677707453722625?ref_src=twsrc%5Etfw\">May 7, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> Macroeconomist Daniel Lacalle points out that, &#8220;Governments <a href=\"https:\/\/www.dlacalle.com\/en\/investors-do-not-see-transitory-inflation\/\" target=\"_blank\" rel=\"noopener\">always justify printing<\/a> more money with the excuse that there&#8217;s no inflation. When inflation rises, they say it&#8217;s transitory. And when inflation soars, they blame businesses and shop owners, presenting themselves as the solution with &#8216;price controls.&#8221; Yep. Although everybody who understands macroeconomics knows that price controls only lead to massive shortages. Meanwhile, we have breaking news (that&#8217;s perfectly on cue) &#8230;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">I believe we&#8217;ve reached peak Clown World in the financial markets.<\/p>\n<p>Gary Clark, CFA (@getgaryc) <a href=\"https:\/\/twitter.com\/getgaryc\/status\/1390665526180040708?ref_src=twsrc%5Etfw\">May 7, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> Lacalle sums up the situation thusly: &#8220;Central banks are unable to normalize policy because they&#8217;re hostage to governments that simply refuse to reduce deficit spending.&#8221; Likewise, as long as workers continue being paid in <a href=\"https:\/\/neweconomicperspectives.org\/2013\/03\/the-i-o-u-in-the-u-s-dollar.html\" target=\"_blank\" rel=\"noopener\">IOUs masquerading as money<\/a>, most people looking for a reliable long-term store of value will continue to be held hostage by their government &#8212; at least those who aren&#8217;t aware of alternatives like <em><strong>this<\/strong><\/em>:<\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/r9WZEVLN99A?controls=0&amp;start=8;end=108\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> Remember &#8230; there&#8217;s a very good reason why silver is known as a precious metal. Consider that there are 25,000 tons of silver mined annually around the world. Now compare that to the 22 <em><strong>million<\/strong><\/em> tons of copper mined last year. Based on current prices, the market &#8212; and the bankers &#8212; want you to believe that although copper is nearly 1000 times more plentiful than silver, the white metal is <a href=\"https:\/\/miningglobal.com\/supply-chain-and-operations\/copper-price-hits-dollar10000-nearing-all-time-high\" target=\"_blank\" rel=\"noopener\">only six times more valuable<\/a>. Huh? Rest assured, when our fraudulent dying monetary system finally kicks the bucket, <em><strong>that<\/strong><\/em> absurd misconception will be immediately corrected.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">I think it&#8217;s you waiting for silver to break ATH&#8230;<\/p>\n<p>Lev Persits (@LevPersits) <a href=\"https:\/\/twitter.com\/LevPersits\/status\/1390095043520782337?ref_src=twsrc%5Etfw\">May 6, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>By the Numbers<\/strong><\/p>\n<p>Now that we&#8217;re into May, here is an overview of the returns for select assets (rounded to the nearest percentage point) during the month of April. Nope &#8230; no inflation here:<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>2%<\/strong><\/span><\/span> Dow Jones Industrials<\/p>\n<p><span style=\"color: #008000;\"><strong><span style=\"font-size: x-large;\">4%<\/span><\/strong><\/span> Gold<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>6%<\/strong><\/span><\/span> S&amp;P 500<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>6%<\/strong><\/span><\/span> Nasdaq<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>6%<\/strong><\/span><\/span> Oil (Brent)<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>6%<\/strong><\/span><\/span> Silver<\/p>\n<p><span style=\"color: #008000;\"><strong><span style=\"font-size: x-large;\">12%<\/span><\/strong><\/span> Copper<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>21%<\/strong><\/span><\/span> Wheat<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>32%<\/strong><\/span><\/span> Corn<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>48%<\/strong><\/span><\/span> Lumber<\/p>\n<p><em>Sources: <a href=\"https:\/\/www.zerohedge.com\/markets\/here-are-best-performing-assets-april-and-ytd\" target=\"_blank\" rel=\"noopener\">Zero Hedge<\/a><\/em>; <em><a href=\"https:\/\/www.investing.com\/\" target=\"_blank\" rel=\"noopener\">Investing.com<\/a><\/em><\/p>\n<p><strong>The Question of the Week<\/strong><\/p>\n<p>[poll id=&#8221;371&#8243;]<\/p>\n<p><strong>Last Week&#8217;s Poll Result<\/strong><\/p>\n<p>Which of these minimum annual incomes would you need to be truly happy?<\/p>\n<ul>\n<li>$60,000 (28%)<\/li>\n<li>$90,000 (27%)<\/li>\n<li>$200,000 or higher (16%)<\/li>\n<li>$150,000 (13%)<\/li>\n<li>$30,000 or less (9%)<\/li>\n<li>$120,000 (8%)<\/li>\n<\/ul>\n<p>More than 2100 Len Penzo dot Com readers responded to last week&#8217;s question and it turns out that slightly more than third of them say they could lead a happy life with an income of $60,000. On the other hand, I was somewhat surprised to see that 1 in 6 people believe true happiness isn&#8217;t possible without an income of at least $200,000 &#8212; if not more. Wow! I guess they have expensive tastes.<\/p>\n<p>If <strong><em>you<\/em><\/strong> have a question you&#8217;d like me to ask the readers here, send it to me at <strong>Len@LenPenzo.com<\/strong> and be sure to put &#8220;Question of the Week&#8221; in the subject line.<\/p>\n<p><strong>Useless News: Merger Announcement<\/strong><\/p>\n<p>NEW YORK, (AP) &#8212; In a move that rocked Wall Street today, Bert and Ernie announced that they have merged to form Bernie, a giant conglomeration of felt that will move them into the Number 2 spot, ahead of Big Bird and just behind Barney.<\/p>\n<p>In recent years the two had lost sponsorship from the letter P and the number 5; analysts say the merger will help improve their market share.<\/p>\n<p>&#8220;This is a logical move for us,&#8221; Bert said. &#8220;&#8216;Share&#8217; is our favorite word.&#8221;<\/p>\n<p><em>(h\/t: Barbara)<\/em><\/p>\n<p><strong>More Useless News<\/strong><\/p>\n<p>Here are the top &#8212; and bottom &#8212; five states in terms of the average number of pages viewed per visit here at Len Penzo dot Com over the past 30 days:<\/p>\n<p>1. West Virginia (4.61 pages\/visit) <span style=\"color: #ff0000;\"><strong>!!!! (a new all-time record)<\/strong><\/span><br \/>\n2. South Dakota (2.26) <span style=\"color: #ff0000;\"><strong>!<\/strong><\/span><br \/>\n3. North Dakota (1.76)<br \/>\n4. New Hampshire (1.67)<br \/>\n5. Indiana (1.65)<\/p>\n<p>46. Mississippi (1.09)<br \/>\n47. Wyoming (1.08)<br \/>\n48. Hawaii (1.05)<br \/>\n49. Montana (1.04)<br \/>\n50. Rhode Island (1.02)<\/p>\n<p>Whether you happen to enjoy what you&#8217;re reading (like <a href=\"https:\/\/lenpenzo.com\/blog\/grandfather-says\" target=\"_blank\" rel=\"noopener\"><strong>RD Blakeslee<\/strong><\/a> and the rest of my <strong>really good<\/strong> friends in West Virginia) &#8212; or not (ahem, Rhode Island) &#8212; please don&#8217;t forget to:<\/p>\n<p>1. Click on that <strong>Like<\/strong> button in the sidebar to your right and <a href=\"http:\/\/www.facebook.com\/LenPenzo\" target=\"_blank\" rel=\"noopener noreferrer\">become a fan of Len Penzo dot Com on Facebook<\/a>!<\/p>\n<p>2. Make sure you follow me on my new favorite quick-chat site, <strong><a href=\"https:\/\/gab.com\/LenPenzo\" target=\"_blank\" rel=\"noopener\">Gab<\/a><\/strong> &#8212; oh yeah, <a href=\"https:\/\/parler.com\/LenPenzo\" target=\"_blank\" rel=\"noopener noreferrer\">and Parler<\/a> too! Of course, you can always <a href=\"http:\/\/twitter.com\/LenPenzo\">follow me on Twitter<\/a>. Just be careful what you say there.<\/p>\n<p>3. <a href=\"mailto:lenpenzolist@aweber.com\" target=\"_blank\" rel=\"noopener noreferrer\">Subscribe via email<\/a> too!<\/p>\n<p>And last, but not least &#8230;<\/p>\n<p>4. <em><strong>Please support this website by patronizing my sponsors!<\/strong><\/em><\/p>\n<p>Thank you!!!! &#x1f60a;<\/p>\n<p><strong>Letters, I Get Letters<\/strong><\/p>\n<p>Every week I feature the most interesting question or comment &#8212; assuming I get one, that is. And folks who are lucky enough to have the only question in the mailbag get their letter highlighted here whether it&#8217;s interesting or not! You can reach out to me at: <strong>Len@LenPenzo.com<\/strong><\/p>\n<p>After reading my post on how to find a pest control company that won&#8217;t rip you off, <b>Jeff Madison<\/b> left this comment:<\/p>\n<blockquote><p><em>My wife and I have a terrible ant problem in our home, so maybe we should find someone who is licensed.<\/em><\/p><\/blockquote>\n<p><span style=\"color: #0000ff;\">You should if you want me to invite you to my next picnic.<\/span><\/p>\n<p>If you enjoyed this, please forward it to your friends and family. I&#8217;m Len Penzo and I approved this message.<\/p>\n<p style=\"text-align: right;\"><span style=\"font-size: smaller;\">Photo Credit: public domain<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s time to sit back, relax and enjoy a little joe &#8230; Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what&#8217;s been going on in the world of money and personal finance. I hope everybody had an enjoyable week. Without further ado, let&#8217;s get right to this week&#8217;s commentary &#8230; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":51224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[472],"tags":[],"class_list":{"0":"post-66425","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commentary","8":"pmpro-has-access","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Black Coffee: Uncle Sugar and the Booby Twins<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lenpenzo.com\/blog\/id66425-black-coffee-8-may-2021.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black Coffee: Uncle Sugar and the Booby Twins\" \/>\n<meta property=\"og:description\" content=\"It&#8217;s time to sit back, relax and enjoy a little joe &#8230; Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what&#8217;s been going on in the world of money and personal finance. 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