A good deal of today’s news reports in the financial sector deal with inflation, possible recession, and the effects of the crypto currency market. Not surprisingly questions have been raised about how the Mathmatecum is affected by these three real concerns. The Mathmatecum is all about yearly sustained income based on historical patterns. The basis of the design is that financial markets will average at least 2% on a yearly basis over the next 100 years. Membership costs $25 and participation in the fund is based upon the age of the new member at the time they join. Both sums are paid once and once only during the life of the Mathmatecum. There are no further decisions to be made or choices to be had. Any opinions about investing are just that and will not affect the Mathmatecum or your income from that source.
Investment of the monies in the membership fund are restricted, as well as where they are kept, and in whose name they are held (Mathmatecum Inc.) Currently all such funds are held by the US Treasury in the form of I-bonds. Earning at present 6.89%! Distributions are made from yearly income in the following manner: 70% to members, 20% is retained to increase the membership fund, and 10% distributed to the oldest ten members. Membership is limited and will close on 12/31/41 unless fully subscribed before that date.
I find it interesting that most all government proceedings are televised but those of the Supreme Court are not. The naysayers’ arguments for not opening hearings are old and stale. It is time that a serious rethink is necessary. Term limits and mandatory retirement should also be addressed in my opinion.
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I went to see the movie about the forgotten war (Korea) last week and had my memory jogged in a very forceful way. The war started in 1950 and by then I was eight years old and reading newspapers every day and watching news reports on our new GE television. While watching the film I became very much aware that my knowledge of that war was not from a history book but from my remembrances of events as they unfolded in real time.
TV first showed up in 1949 for me and was not a novelty item but a new source of information and entertainment! The first time I watched TV was the Joe Louis/Joe Walcott fight at my uncle Sam Corallo’s home. The house was packed, and the TV was there with hopes of making a sale from the distributor – a furniture and appliance store called White and Shauger!
JAIBABA
TTFN
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