Learning About Languages 

Steve Leveen, founder of the America the Bilingual Project and author of America’s Bilingual Century, an excellent book, is a friend of mine.

He recently copied me on an essay he posted on his America the Bilingual Project website titled “Cratering Language Enrollments Reveal America’s Linguistic Divide.” It began with a quote from Guadalupe Valdés, a professor emerita in Stanford’s Graduate School of Education:

“Bilingualism has always been a gift the rich have given to their children.”

That’s ironic, I thought. Because in America today, it can be said that bilingualism is a gift that the poor, those who migrate here, give to their children!

I should know better by now. But I find that I’m still stunned by how quickly the children of our migrant Latin American employees at Paradise Palms (the botanical garden we’re establishing in Western Delray Beach) become fluent in English.

One of our Guatemalan workers, Nasario (who Steve tutored for a while), has a five-year-old daughter who did not speak a word of English. Despite their trepidations, Nasario and his wife enrolled her at a nearby (to Paradise Palms) public school in September. (Their main concern was that it did not have a functioning TEFL-type program for monolingual Spanish speakers.)

On her first day, I watched her get on the school bus that stopped for her in front of Paradise Palms. As I said, she spoke zero English. My heart broke thinking about what hardships lay before her.

Just this morning, eight months after that day, I encountered her in our “Kids Park.” I started a conversation with her in Spanish. She switched immediately to English. And she spoke both fluently and without an accent. In fact, had I not known otherwise, I would have assumed she grew up in an English-speaking home.

This should not have surprised me.

In the late 1970s, I lived in N’djamena, Chad, as a Peace Corps volunteer teaching English Lit at the University of Chad. To make a few dollars on the side, I took a job teaching English to the teenage daughter of a French father and English mother who had decided, since the official language of Chad was French, to speak English at home to help their children learn the language.

The first time I met this girl, who was five or six years old at the time, I began the conversation in French. (My French at the time was strong.)

But she answered me in English.

I tried to continue the conversation in French, but she insisted on responding in English.

Frustrated, I thought I’d shake her up a bit by switching to Chadian Arabic (which I had a functional control of).

She looked at me derisively and said, in her perfect English, “Why are you trying to speak to me in the language of gardeners?”

Hate Speech? Or Legitimate Call for Resistance? 

SH sent me this article from The New York Times about Khymani James, a student at Columbia who was barred from the school’s campus after comments he made on social media went viral.

SH included this video of parts of James’ social media post.

“In my humble opinion,” SH said, “this is where social media has, again, a huge problem in allowing a totally misguided schmuck like this to post real ‘Hate’ online!”

I see it differently.

Because this jackass had his comments captured by social media, someone like SH can see them and be outraged, and then forward them to someone like me, who can then forward them to his friends or even publish them in his blog in a context that perhaps will wake up those people that still believe the pro-Palestinian movement is a socially conscious, liberal-minded cause.

What is going on right now on campuses all over the world is becoming, frighteningly and increasingly, a movement that has to remind us of the history of antisemitism in Germany and much of the rest of Europe prior to the Holocaust.

By now, we all understand what the pro-Palestinian chant – “From the river [Jordan] to the sea [Mediterranean], Palestine will be free” – means. It means: “Get rid of Israel.”

In recent months, these protests have become larger and more aggressive, with more specific antisemitic language, physical confrontations, and arrests.

What has also proliferated, according to Jarrett Stepman, a reporter for The Daily Signal, is the slogans themselves. The scariest one (for me): “There is only one solution: Intifada revolution!”

Click here to read Stepman’s account of an April 23 protest (participated in by NYU students and faculty) in New York’s Washington Square.

Election Watch 

Trump’s “Show Trial” in Manhattan: An Embarrassment to the American Justice System? 

From Alex Berenson in the 4/24 issue of Unreported Truths:

Like Trump or dislike him (and as you know, I dislike him), he is neck-and-neck with Joe Biden in the 2024 Presidential election. Trying the leader of the opposition party on criminal charges is no small matter in a democracy. It should be reserved for very serious crimes – espionage, for example – with irrefutable evidence.

Read more here.

The End of Western Culture

Hamas, the KKK… and a Bunch of Pro-lifers?

Students for Life of America (SFLA) are weighing legal action after being placed on a database that tracks extremists in the US… and then “quietly” removed from it. “We have every reason to be concerned,” they said. Click here.

Conspiracy Watch 

Could This Be True? Plastic Recycling Is a Fraud?

As an instinctive contrarian, I’ve always had my doubts about Green politics. But I never doubted the wisdom of recycling – and, in particular, that plastic is something that should definitely be recycled.

So I was charged up to get this piece from GM, in which John Stossel explodes one of the biggest myths (lies?) about recycling plastic.

Trends in Wokeness 

Common Sense; Uncommon Candor 

Wesley Hunt and Matt Gaetz speak clearly on gender issues and parents’ rights. Click here.

Health Watch

The CDC Doesn’t Want You to Hear This Conversation 

Liberals call RFK Jr. a conspiracy theorist. Especially when he talks about vaccinations. Here, he is talking about a subject that the CDC and mainstream medicine consider an irresponsible falsehood. Take a listen and see what you think.

Chart of the Week: Interest Payments Explode 

This week’s chart is an appropriate follow-up to Sean’s April 22 column and my April 24 post on inflation. As you can see from the chart, the cost of servicing our now +/- $34 trillion debt – the interest the government must pay on it – is fast approaching a trillion dollars a year. As Sean points out, the US is barreling towards the possibility of a default, which would mean a massive collapse of the economy and the end of US dollar domination. 

He also tells you what he’s doing, in terms of his asset portfolio, to protect himself and his family from this possibility. – MF

For all the potential good and bad caused by government deficit spending, one thing is certain…

Every dollar spent beyond what the US brings in in tax revenue is a bill we’ll have to pay later.

The US has collected about $2.2 trillion in 2024 so far. It has spent, however, $3.3 trillion. (Click here.)

To cover these deficits, the US issues government bonds. As E.J. Antoni with the Heritage Foundation writes:

Between new debt issued to cover current deficits and old debt being rolled over, the Treasury will auction about $10 trillion of debt this year, much of it having an interest rate of about 5%. This is less than one-third of the federal debt but will cost $500 billion annually to service.

The rest of the debt, about 70%, will cost another $500 billion annually because the interest rates on the remaining notes and bonds are still relatively low. While that buys America some time to try and [defuse] this debt bomb, it still means we’re paying over $1 trillion a year just in interest on the debt.

Here is a chart showing how interest payments on US debt are exploding upwards in the wake of high interest rates and continued deficit spending:

This exploding cost to service our debts is moving the US ineluctably closer to a point of no return.

The government has three options: Move from deficit to surplus (unlikely anytime soon), let inflation go wild, or drop interest rates dramatically. Otherwise, the US will be in a perpetual debt spiral and will likely default, causing a catastrophic cascade of calamitous economic ramifications.

When will the US have to face a great reckoning?

According to economists at Penn Wharton, we have a bit of time:

Under current policy, the United States has about 20 years for corrective action after which no amount of future tax increases or spending cuts could avoid the government defaulting on its debt whether explicitly or implicitly (i.e., debt monetization producing significant inflation). Unlike technical defaults where payments are merely delayed, this default would be much larger and would reverberate across the US and world economies.

They note, however, that this timeframe is a “best case” scenario for the US.

If investors, businesses, or foreign governments lose faith in the US as a debtor, the timeline will likely accelerate.

In the nightmare scenario triggered by a government default, however unlikely, there could be a great churn followed by a great freeze. Big banks would have to find new assets to serve as collateral. And after that, many might step away from the markets entirely – making it more difficult to buy or sell any asset.

Most stocks would likely crash, too, as higher borrowing costs would stifle most lending and growth.

So how can one protect their money?

Tangible assets, like gold and silver, would be a good start. Some amount of foreign currency would be good, too. So might holding international stocks that issue dividends, as well as some basic materials and commodity stocks.

I have, for example, moved about 5% of my net worth into precious metals and foreign cash.

I do not believe a default will happen in my lifetime. But I do know that I’d rather have a fistful of gold and Swiss francs than even the slightest niggling bit of worry about what the future portends.

– Sean MacIntyre

Check out Sean’s YouTube channel here.

Trump’s Truth Social: Does It Have a Future?

I don’t entirely share Sean’s feelings about Trump, but in this video on Trump’s Truth Social stock, he does a clear (and amusingly sarcastic) job of not just telling us why its share price tumbled, but in explaining some of the fundamentals of how SPACs and IPOs work, and what investors should understand before they buy them.

The American Dream That Isn’t 

Emma Tucker, in the April 27 WSJ, says that young Americans are “getting left behind” in terms of enjoying the American Dream because of an unfortunate combination of historically high real estate and stock prices. “Higher prices are considered signs of a good economy,” she writes, “but for many, they hurt more than help.”

Read more here.

The Unlikely Story of a Soon-to-Be Billion-Dollar Business 

I only occasionally read stock-market-related stories about companies in which I’m not invested. But I found this piece on “Uncrustables” worth the read.

Uncrustables is a product – a frozen, sealed sandwich with the bread crusts removed – that Smucker’s acquired in 1998 for $1 million from two dads who (I suppose) invented it for their kids. And its appeal has been growing steadily. First for children’s lunchboxes and then for their busy parents – with sales that jumped by 34% to $700 million last year.

Read about it here.

Calculus Explained 

Flash Bytes is a program with a very appealing selling proposition: teaching complex skills in very short order. In this case, it’s Introduction to Calculus taught in 15 minutes.

I never took calculus in high school, and that always felt like a hole in my education. So, I was eager to check it out. Unfortunately, the teacher was covering more ground than I could, and so I dropped out after five minutes.

I’m going to try again. I promise. One of these days.

Meanwhile, maybe it will work for you.

Why You Should (Usually) Switch Jobs to Get a Pay Raise

One of the suggestions I’ve made in my books and essays devoted to building wealth as an employee is that if you feel like your path to success is limited with the company you work for, get a job with a competing company. Preferably a smaller, faster-growing company that gives you hope for a faster climb.

Click here to see a chart I just found that proves my point.

Of Muppets and Men: The Making of “The Muppet Show”

A made-for-TV documentary
Released in 1981

Watch Time: 52 min

Of Muppets and Men is a behind-the-scenes look at the making of “The Muppet Show,” a TV series that ran from 1976 to 1981 and eventually became a prestige program for celebrities to appear on.

During its run, I wasn’t a regular viewer, but I admired it as an amazing cultural accomplishment, bringing a puppet show to tens of millions of people. I also liked the way it managed to produce a continuous flow of mild and sometimes sharp social satire that was easy for viewers across the political and social divides of the time to enjoy.

Of Muppets and Men was recommended by Lori Dorn (Laughing Squid) a few weeks ago. And looking at it now – 43 years since it was released! – improved my already positive view of the show by showing me what it took, in terms of talent, tolerance, and tenacity, to make each episode work so well.

You can watch the entire thing here.

And if you like it, you’ll be interested to know that, on May 31, Disney will be releasing another documentary: Jim Henson Idea Man (directed by Ron Howard).

You can watch the trailer for that one here.

“I would rather…” 

The April 26 issue of Letters of Note presented a list of memorable quotations that began with, “I would rather…”

These are my favorites:

“I would rather fight a guy who had a knife and no talent with same than a guy with a good left hook.” (Ernest Hemingway, letter to Waldo Peirce, Oct. 1, 1928)

“I would rather tickle the cock of the English public than lick its arse, which is what even this small and comparatively unimportant piece of unjust censorship would have me do.” (Dylan Thomas, letter to John Davenport, Aug. 31, 1938, re a list of “objectionable” words that he was told had to be removed from the English edition of his short stories)

“I would rather be your captive than another woman’s king.” (Paul Laurence Dunbar, letter to Alice Ruth Moore, March 7, 1897)

“I would rather be a playwright than anything, mainly because playwrights are allowed to smoke backstage.” (Kurt Vonnegut, letter to José and Maria Pilar Donoso, Aug. 5, 1985)

“I would rather fail than sit idle.” (Vincent van Gogh, letter to his brother Theo, July 14, 1885)

From RB re the April 24 issue on inflation: 

“Once again, your essay on yet another important and timely topic – this one, on inflation – is the best and clearest thinking I have read in recent memory on the subject.”

 

From JG re “My Escape Plan from America” in the April 27 issue: 

“After reading this, I have one thought: It isn’t what you don’t know that will get you in trouble, it’s what you know for sure that just ain’t so…. Most people don’t want to think that ‘Our Government’ has their best interest in mind and not ours! Sad reality for most who don’t see that they need to take care of their families b/c nobody is going to help you. Especially not the government.”