There are some really cool videos on the yoo toob about Bruce Lee. Like… how he started his own martial art Jeet Kune Do. It translates as “way of the intercepting fist”. It was an appropriate name for it. Normally in fighting sports and arts like boxing or karate, someone will try to punch you and you’ll try to block and then counterpunch.
But…
… what Lee did is, the opponent would punch, and Lee would intercept the punch by punching his opponent first, knocking him off balance. The goal was to stop the attack before it started—to intercept the attacker.
He demonstrated this live at one of Ed Parker’s karate tournaments in the 1960s. Here's some rare footage of Lee demonstrating how this works (the setup at 1:33 shows just how devastating his fighting method was):
By the way, that intercepting punch at 1:33 was replicated 40 years later during Fedor Emelianenko and Andrei Arlovski’s MMA match when Arlovski jumps at Emelianenko, and Emelianenko catches him mid-air with a knockout punch to the face.
WHAM!
Game over.
Those sorts of punches almost seem to come out of nowhere, and they usually signal the end of the fight.
Speaking of ending a fight...
A lot of investors lost their fight this year when the markets crashed. Many folks tried to bail out of stocks at the wrong time. Some stuck it out, but… not all of them. Some folks couldn’t afford to wait for a rebound.
In case you’ve been in lockdown with no Tee Vee for the past 7 months, almost 30% of working-aged adults have filed for unemployment since the pandemic began, and at this point, it seems like people either don't want to go back to work or are doing this "quiet quitting" or "vacationing in place" thing, where they still go to work and collect a paycheck, but they intentionally reduce work output and quality.
Bankrate did a study not too long ago and found something like 30 million Americans have either already raided their 401(k) or are planning to to pay the bills.
Yikes.
Of course, the financial planning industry is yelling at folks telling them that they are stealing from their own future savings.
It’s true, but… what the hell else are these folks supposed to do?
Most folks haven’t bought enough cash value life insurance to help them through times like this. In fact, no one has really even seen times like this since the 1970s. In spite of all this stimulus money, gold is just waffling, not breaking above $2,000 per oz. And... the U.S. dollar is strengthening against many other world currencies. And, even though the price of gasoline keeps rising, other commodities, like lumber, are falling.
Lots of people are talking about inflation right now. But, behind inflation, lies deflation.
Somebody, quick, do something. It's driving the gold bugs nuts.
