Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "Rico E"
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I remember the 1987 stock market crash, and the recession that followed. During the recession, you had a lot of deflation of assets.
After the 2008 crash, we had a lot of deflation of assets as well. Everything crashed, precious metals, real estate, commodities, and other assets crashed in price.
With less jobs, more people have less money, less money means people will not be able stuff. When people can't buy stuff, and there is a lot of stuff in the market then prices crash. It's really that simple!
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The name of the game is monopoly. Once you demolish your competition which Wall Street did with small mom and pop businesses, they raise the prices, because people have no choices.
In this case, they will control most of the real estate in the US, and jack up the rent.
When I was a kid, I loved to play Parker Bro. Monopoly the board game. As I got older and older, I saw a real monopoly game being played out back in the 1980s. In the 1980s, they got everyone who worked an office job to get a 401K, lock your money in there. It all went to Wall Street, Wall Street created corporate chain stores, they drove all the small businesses out of business. No more local pharmacist, we had Savon's, Thrifty's, Walgreens, and CVS. No more small hardware stores, instead we had Ole's, Builders Emporium, Home Depot, etc.
They had been doing this with real estate since 2008. Now a family home is an investment asset, not a place where people live and raise families.
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The best thing is not to be predictable. I don't always shop at the same place, I shop at Costco, Walmart, the local supermarket chains, small markets, online supermarkets, Amazon, etc. I always do a price comparison when I shop for groceries. This way, the algorithm gets tricked. The algorithm tries to lure me back to that store by offering better prices then I shop somewhere else.
People can outsmart computer algorithms. AI learns by finding patterns, but if you are unpredictable then it will have a very difficult time finding any patterns.
Amazon doesn't always have the lowest prices, so I go shop around other websites and I find lower prices. People have gotten lazy trying to shop at one place.
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My parents are in their 80s, and they never learned about these economic cycles. I learned from every one of these events. After living through the 1987 and 1999 crash, I said to myself I will never go into debt.
I just lived within my means, this doesn't mean being cheap. I just don't waste money. My mother wastes a lot of money, and tries to save money by being cheap. For a lot of people, it doesn't matter how much they make, because they have a big hole in the bucket. For me, I try not to have any holes in the bucket, so I can keep that bucket full.
My parents believe learning history is meaningless, I disagree with that. You learn from history, so you don't have to repeat the same mistakes and leverage it for your benefit.
When 2008 happened, I did lose my job. I lost a very good job which paid a 6 figure income. Thankfully, I had a lot of savings. I did work bad jobs during that recession, like working at a warehouse, and as a waiter.
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Hondas are good, I owned a number of em, like the Honda Prelude 1994, Honda Accord 2005, and Acura ILX 2015. All the Hondas I owned were trouble free. I only owned one Nissan, this was a Nissan Sentra 1990, I bought it used. It was reliable.
I also owned Toyotas, like a Camry 1996, Toyota 4Runner 2000, and Lexus ES300 2001. Those were excellent vehicles, except for the Lexus ES300, it had an unintended acceleration problem which almost deleted me. I put it in neutral to stop it.
Nissan merged with Renault, and their problems started there. Amalgamating a bad company with a good company will make the company bad.
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Listen, Wall Street will never stop until most Americans become so poor that they are powerless to do anything about it.
The irony is, the average person is supporting it unknowingly. They support it in a number of ways, by locking their money into 401ks, mutual funds, retirement funds. investment firms, etc.
America wasn't always like this, it started in the 1980s when they got white collar workers to get 401ks. Before that, many Americans owned small and medium sized businesses, and they active participants in the economy. It is government policies that destroyed that, and shifted to Wall Street.
As a result of all this money being locked into Wall Street, they were able to decimate small and medium sized businesses from the 1980s and onward. We don't have a lot of small and medium sized businesses today, we have large conglomerates controlling the food supply, and almost every aspect of the economy.
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The technology doesn't exist to make AI into reality. The current AI we have uses examples from a large data set, so it must be connected to the internet to data servers. It tries to use examples from what people did from a large database.
In order to have real AI, you have to have a very powerful chip or chips. Our current semiconductor technology has its limitations of how small you shrink transistors. We are at 3 nanometers now, and there is going to be a limit to how small you can shrink a transistor. The diameter of an atom is 0.1 to 0.5 nanometers, so I doubt you can make transistors smaller than an atom. You need powerful computers to sort through massive amounts of data. That doesn't really exist yet.
Back in the late 1990s, we had tech crash. They said everything was going to be web based, but at that time most people were using slow dial-up modems. Eventually, that did become a reality with broadband internet, wifi, and smartphones, but that took some time. People can hype stuff, but if you don't have the means to make this into reality then it isn't anything.
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Unions are so regressive. We have all types of unions, like teachers unions, police unions, dock workers, automotive workers unions, etc. You have bad public school teachers, you cannot fire them because of unions. Like these dock workers don't get paid enough, they make $35/hour with full benefits, and they want more?
Now, they want to shutdown the economy. Enough is enough. When they strike, replace them with scabs, and fire the ones that strike.
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