Thread: Rants and WTF are you talking about and Coronavirus!
+
Add Report
Results 9,151 to 9,165 of 12031
-
01-11-21 20:43 #2881
Posts: 539Store of wealth
The biggest con is that like quark Pauli exclusion, when a job is eliminated another is instantly created of equal or better pay. Statistically though, even if we could raise IQ by say 20 points thanks a magic wand, and train people to build / service machines or program, there are still way too many bodies versus demand for bodies, and that does not factor whether a "job" has a living paycheck as distinct to precarious hours and income, and of those, the income is not enough. We have arranged our society on the assumption the 1960's employment model and need for labour, a model that is fast disappearing. Result: surplus humans useless for military fodder, have no money to pay tax and vote irrationally against self interest.
All besides the point. The point is a means of storing wealth to give to young women to enjoy their youth, beauty and sex. I agree with Pistons the USD is on borrowed time, and doubt the HKD will be able to or want to keep the peg. If China or Russia (read Syria and Iran) start pricing fossil fuels in a new currency, as they will, it will be game over, and with it the citadel of London and New York finding their loan book smashed. Most people I know in banking keep a major stash of wealth in stuff that has static demand, specific luxury land, artworks, precious metals and highly diversified companies with low correlation with accounting tricks or finance games. These are like unicorns. I very much doubt we will be mining asteroids unless we come across alien technology that has anti-gravity, space-time folding and other magic. So gold and silver should be pretty safe, but only actual physical gold, not bits of paper.
As to the point: fiat cash is a mind game. That's true. Offers gorilla a $100 note for some bananas. But so too is almost all of society and laws, just shared myths and symbols we have see throughout history. But for 2021, my read is that housing is mostly casino chips owned by capital markets via mortgages that depends on working stiff to sell labor in this thing called employment that is fast fading, and vast sections of the economy are linked to. Just look at Flint Michigan, Detroit and many UK cities and ex Soviet cities that went from middle class to rusted hulks in less than 50 years. The stock market is a QE driven gas bubble with very few fundamentals in the immediate or medium term.
Hard choices here. We need portable wealth to get no-obligation hot young women. Ideas?
-
01-11-21 19:28 #2880
Posts: 2344Originally Posted by HammerTime96 [View Original Post]
-
01-11-21 18:51 #2879
Posts: 537Originally Posted by HammerTime96 [View Original Post]
Originally Posted by HammerTime96 [View Original Post]
Originally Posted by HammerTime96 [View Original Post]
-
01-11-21 18:01 #2878
Posts: 6686It has nothing to do with Asia. The same mechanics were there as far back as to the Phonecians (who I believe came from Atlantis), and even further back in history.
Economists don't fuck it up. The central bankers and the economic regulators are just put on an impossible task at controlling a system that is mathematically impossible to control. And so they keep exporting different types of inflation from one part of the global economy to another. And there are no places to store wealth. Not gold, not bitcoin, not housing, not fresh water. It is all just a mind game. We can mine an asteroid in the asteroid belt and the price of gold would become as cheap as sand. We can come up with a better type of blockchain currency, and bitcoin would be worth nothing. Or we can make everything bought with bitcoins worth 0 due to nano factories or foglites. Sure we are not there yet, but the road is basically paved if you follow recent darpa progress.
-
01-11-21 17:49 #2877
Posts: 6686I agree with 70% of what Phallus (Takedown) says about economy, and disagree with 30%.
Lets rather put it this way:
1. Outsourcing / automation is a side function of capitalism.
2. Karl Marx ultimate idea that capitalism leads to Marxism is 100% valid. Most people just love to misread him, and listen to other people who has misread him. We are just not at that ultimate stage yet in the evolution of society.
3. Politicians suck at understanding society, and usually blame the result instead of the cause.
4. A new type of Luddites (not neo-ludites as that term has been hijacked for the wrong reasons) believe labor are giving them power.
5. Capitalism in and of itself leads to crashes, and we are now maximum 4 years away from the collapse of the dollar.
5. 1 Helicopter money / basic income is the only thing that can postpone the collapse. And avoid riots like BLM and QAnon, both of which are results of the coming economic collapse of the dollar, and not the claimed political crap they write on their banners.
5. 2 Blockchain currencies coupled with basic income and less working hours is the new norm after the collapse of the fiat currencies. With tax on money itself, and all types of properties / goods through blockchains.
5. 3 Information technology has made all of this possible. Otherwise it is just a historically cyclical way of how money and capitalism work. But the paradigm change with IT leads to global Marxism.
6. The rise of AI and robotics and investments in these fields will leave labor costs moving towards lim 0. And the same can be said regarding energy. So a few decades later money will also disappear for good.
-
01-11-21 15:55 #2876
Posts: 5639Originally Posted by PahllusMaximus [View Original Post]
-
01-11-21 12:43 #2875
Posts: 537Originally Posted by ShooBree [View Original Post]
-
01-11-21 10:53 #2874
Posts: 22216Now, seem more than 40.000 deaths in Germany really suffering under second wave, with more and more cases and cold weather. Not good for FKK in Germany. Let s see about Switzerland where few clubs are still open.
-
01-11-21 10:15 #2873
Posts: 717Originally Posted by RockyV [View Original Post]
I'm FAR from a Trump fanboy, but if this had been a BLM / Antifa protest then the entire Capitol would have been burned to the ground, just like they burned entire neighborhoods to the ground. The most serious thing these Trump protestors did was trespassing and break a handful of windows.
A friend of mine has been to New York during the BLM protests there, in the entire city all shops were boarded up with plywood and all shops closed because of the arson attacks and the looting. How many businesses are closed and boarded up in DC because of a handful of pro-Trump clowns? How many DC shops were looted by Trump supporters? How many DC businesses and buildings were burned to the ground? How may DC police stations were attacked by violent mobs? Answer: none!
Again, the 'comparison' you make couldn't be further from being objective, but I suppose you just repeat the media narrative without thinking and looking at facts.
-
01-11-21 06:51 #2872
Posts: 4759Originally Posted by Sirioja [View Original Post]
-
01-11-21 06:13 #2871
Posts: 7321Originally Posted by ExpatLover [View Original Post]
-
01-10-21 23:43 #2870
Posts: 539USA and the real issues
The core issue is that labor has been devalued by automation, efficiency and productivity and offshoring for about 30-40 years. Selling labor is hard, very little pricing power because more people than properly paid jobs. This is on a collision course with lifestyle expectations and ability to afford housing and food. More can be said about wealth bubbling up to Wall Street that can borrow at 0. 25% and lend for 3% on mortgages (1200% gross margin) and credit cards at say 18% (7200% gross margin). Even if 25% per year is lost by bad debt it is still absurdly profitable and they have turned housing into casino chips.
The Trump supporters want their lifestyle back. Ability to sell labor and have enough. Their screaming and blaming immigrants etc masks the real issue, lifestyle and income insecurity brought about by automation and the like. Globalization is really the indirect import of Asian poverty. The cities are screwed because they are losing or lost a market to sell labor at a decent price that undermines their very existence.
The USD is kaput. The hardest challenge is finding a store of wealth the financial industry cannot fuck up, and right now it is water rights, certain utilities, precious metals and a few inherently valuable assets. We need this to sprinkle money on hot women who will suck and fuck us. I so miss the BJ bars, so direct, I see a pretty girl and get a hard on just seeing her smile and knowing she is an expert at sucking and happily taking a mouth of hot cum and we both know it, no shame, guilt or pretense. When I am scanning balance sheets or playing with swaps and currency pairs, I imagine their hot, oily soft mouth. Creates a lot of motivation and energy and a smile.
-
01-10-21 21:40 #2869
Posts: 686Celebrity
Originally Posted by McAdonis [View Original Post]
-
01-10-21 20:36 #2868
Posts: 22216Originally Posted by Sirioja [View Original Post]
-
01-10-21 20:24 #2867
Posts: 22216Originally Posted by ExpatLover [View Original Post]