#2: Better start realizing some gains

October 26, 2021

EXIT News

Will got fired over a vax mandate & now he runs his own web development shop, earning 33% more than he made at his corporate job.

Mike started a landscaping business with the crew who helped him build his house, & is already pulling in $1,000 a month. He has also started up a father-son blacksmithing & tactical training weekend course.

Leo’s accounting business recently signed a deal with a small city that pays $30k a year for three weeks of work.

Greg & [REDACTED] have started carpet cleaning businesses. Currently field-testing their process with friends & family.

Chase is really actually building a shrimp farm.

[REDACTED] got out from under his recent doxxing attempt & found a better-paying job in a much more exciting field. Can’t say more than that, but when he goes public it’s going to be wild.

[REDACTED] is starting a home security and urban preparedness consulting service – very cool idea, podcast incoming.

For our weekly call tonight, we have a canceled academic in the hot seat; we're going to help him to get squared away in a much more secure private-sector job.

Other News

Treasury Secretary Janet Yellen announces tax on unrealized capital gains

The present iteration of this proposal applies only to extreme-high-net-worth individuals, but the move from merely deficit spending (spending against future earnings) to taxing as well as spending future earnings indicates a new level of instability.

Also interesting that the Biden Administration has staffed two of its most visible & politicized Cabinet positions (Treasury & Attorney General) with people who were originally sold to the public as independent & impartial – Yellen was Federal Reserve Chair, & Garland was Obama’s pick for Supreme Court.

This was probably an attempt to trade on those institutions’ apolitical reputation & give the Biden Administration the perception of being “stable & boring”, a steady hand on the tiller – but instead it has simply revealed that the impartiality of the judiciary & the Federal Reserve were fake. Examples of this phenomenon are everywhere: the system now requires a steady burn of reputational & institutional capital just to stay afloat.

It’s time to build assets that are hard to expropriate. Learn software skills that allow you to work remotely. Learn a trade that will make you valuable under any economic conditions. Plant a garden. Build a chicken coop. Make yourself useful to useful people. We’re all gonna make it.