It was the second week of February 2013 when I first ventured a public opinion that Bitcoin is the real deal. The dollar exchange rate was at $25, on its way toward another run-up and crash that had been the pattern for two years.
I had just returned from a conference where some Bitcoiners surrounded me and force-fed me the information I needed to know. It would take another two months before I wrapped my brain around it enough to be able to write an article. But in these early days, it was enough publicly to dispense with incredulity to cause the ceiling to fall in.
The Federal Reserve is giving us a choice – work forever, or make sure to die before running out of money.
The New York Times just featured a spry 71-year old Judith Lister who is teaching kindergarten in Pahrump, Nevada. While Ms. Lister enjoys teaching, she admits she can’t live on her Social Security checks and needs her teacher’s pension, which she can’t collect for three years.
Seniors who can’t find work sometimes look for a quick exit.The Times’ Paula Span explains that Ms. Lister is not alone, writing, “Over 16 years, employment rose not only among 65- to 69-year olds (close to a third now work), but also among those 70 to 74 (about a fifth). In the 75-plus population, the proportion still working increased to 8.4 percent from 5.4 percent.”