Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "Rico E" channel.

  1. 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.
    4
  2.  @f0xixtaiail2000  Things were expensive back then. A computer cost like $2,000, that is about $8,000 to $9,000 in today's money.
    4
  3.  @AlliandRico  I know my part time job is 100% secure, I process medical records of deceased people. People will always expire from the time you are born, everyone know that day will come. LOL
    4
  4. I wonder why someone doesn't start a automotive company that builds simple reliable vehicles. If they did that, they would make a ton of money.
    4
  5. Capitalism is good, because anyone can step up to the plate and offer a less expensive product.
    4
  6. At this point, I don't see the point of voting.
    4
  7. The solution is simple, don't move to Florida. LOL
    4
  8. Aldi is super efficient, I guess that is German way. They have great prices, because they manage their costs. I think sit in restaurants are on the way out, but kitchens that prepare meals for delivery might work.
    4
  9. When I ran my own businesses more than a decade ago, I focused on efficiency. I just designed everything in a way that, you could run a company with a few workers. Processes that could be automated were automated, like automating tasks using software. Make processes to increase efficiency and speed, so tasks can get done quickly and easily. This increases productivity, and decrease effort. I think this nickel and diming is a generational thing. My parents belong to the Boomer cohort, and they always nickel and dime everything. I don't try to save money on tools that can make my business more productive. When I was working for this company about 11 years ago, the manager was a Boomer woman. Her focus wasn't about efficiency, it was about inefficiency and providing job security for people.
    4
  10.  @Jrodzay  From the manufacturer.
    3
  11. When your hours get cut due to automation, AI, and high efficiency, you better know how to survive with a part time job. People will still have jobs, but the number of hours you get will get cut for sure. For me, I was a entrepreneur for most of my life. For those of you aren't, you better learn how to do that.
    3
  12. When you have a monopoly, you can offer the lowest quality and charge the highest prices. There are high barriers for entry to make a automotive company, it costs hundreds of millions to billions to make a automotive manufacturing plant. The domestic automotive industry can use their leverage to lobby for trade barriers. Once they put in restrictions like that, they can do whatever they want. The unions wanted trade barriers, and make the production of vehicles less efficient. Now everyone is losing. Vehicle quality is poorer than before, there is less selection, because competitors were barred from entering.
    3
  13. You have to be tough and get through it. Cut back on unnecessary things, and make money to pay your bills.
    3
  14. @gregorymalchuk272  This economy is highly financialized , so asset appreciation, selling debt in the form of loans, collecting rent, collecting interest, and selling debt. Since 1971 when the US got off the gold standard, it relied on other countries buying its debt in the form of treasury bonds. It could do that by having the world reserve currency. That system is broken, and this is why we are having these problems.
    3
  15.  @f0xixtaiail2000  If you ever been in a modern factory in the US, it is very highly automated. Labor intensive manufacturing is always going to move to the country with the lowest labor costs. Now, it is leaving China and going to places, like Vietnam, Bangladesh, Mexico, Central America, Philippines, and other countries where people will work for 50¢ to $1 per hour.
    3
  16. Stores require people to have disposable income, just like plants require water and sunlight to grow. That is the main reason for it. Next year, things are going to get more expensive with the incoming tariffs, and people will have less disposable income. This will cause more stores to close. LOL
    3
  17. That is a tall order to fix all that, funding two regional conflic-ts, and cover for the cost of running the govt. So many bad things happening at one time. I hope nothing else happens.
    3
  18. For me, I never invested in anything that didn't provide me with tangible results, like buying computers and servers to expand my business, investing in my education, hedging against inflation, buying bonds, buying inventory, etc.
    3
  19. I used to work in the programming field. These days, I just do gigs, like play the piano in front of people at events, and parties for rich people. I do some IT work on the side, like setting up servers, setting up and installing CCTV cameras, setting up computer networks for small businesses, and a lot of other side and temp work. I monetize everything I do, I even monetize video game play. In the future, people will have to leverage their skills and talents more to make a living. 9 to 5 jobs are on its way out.
    3
  20. Too many people and companies have too much debt. We might see another bubble in the next 4 years. The new administration might lower interest rates to 0 percent again. We might see more de regulation. We will see what happens.
    3
  21.  @droidgunner3840  The people at work aren't your friends. If you lose your job, they don't care.
    3
  22. Starbucks became a luxury brand when it really wasn't. That's why they are losing customers.
    3
  23. It isn't the worker fault that quality is bad in Boeing, it was decisions made by the CEOS and higher ups that caused it.
    3
  24. 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.
    3
  25.  @Jrodzay  How does Tesla function without independent dealerships?
    2
  26. They purposely falsified it, and it is as simple as that. These clowns lied about everything, they lied about the pand-mic, jobs reports, international affairs, etc.
    2
  27. 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.
    2
  28. 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.
    2
  29. It will be one loud pop for sure. LOL
    2
  30. The people that run the govt are inept and incompetent.
    2
  31.  @sam_1570  I am sure about car repos. For foreclosures, it is about 120 days in California, but it take as long as 200 days in practice.
    2
  32.  @bibibachmd9995  It works both ways. I lost my job in 2022, so having extra people around paying my expenses helps me as well. Thankfully, my home is paid off, and I have no other debts.
    2
  33. When it comes to business and job opportunities, it is all about networking and your social life.
    2
  34.  @yorsan2240  The service is also terrible as well! LOL
    2
  35.  @AlliandRico  Walmart, Amazon, PPSRX, Express Scripts Pharmacy, and few others. Primarily, it is Walmart and Amazon offering lower prices.
    2
  36.  @opiesveiw266  If you lost your job, and are not able to pay your debts or bills, it would feel like the end of the world. However, for everyone else the world goes on.
    2
  37.  @SurpriseMeJT  Lucky guy.
    2
  38.  @AlliandRico  If you operate any kind of business in California, there are a lot of taxes that don't exist in other states, like a Los Angeles Business tax which is about 1% of your profits. On top of that, you have a 15% state income tax. The highest excise tax for gasoline, tobacco tax, etc. It isn't worth living there.
    2
  39. Franchise businesses suck, the only thing they have is the brand. I prefer to operate a independent business, this gives you more chances to be more innovative.
    2
  40.  @cockyhemi  Manufacturing goes to countries where the wages are the lowest. That's free markets for you.
    2
  41. The reason why a lot of companies outsourced, and automated back in the late 1970s and throughout the 1990s was due to strikes. They didn't want to deal with the headache of dealing with unhappy workers who just wanted more and more. There were rules set by the union that made American workers less productive. Also, the technology existed for them to do this, like programmable computers, robotic arms, other machinery, fax machines, jet travel, and telecomm technology. My mom asked me I should borrow money from a bank and make a bigger business and hire people here. I said no way. I would not make any money if I did that, the wages are too high here. This is how out of touch old people are.
    2
  42.  @jimechols4347  Individuals can run their businesses anyway they want.
    2
  43.  @jimechols4347  It's a small company, so I do most of the work myself.
    2
  44.  @AlliandRico  Starbucks being a luxury brand would be like saying Coca-Cola is a luxury brand. Both products were made to be affordable to everyone. You cannot buy a better Coca-Cola. It doesn't matter you can be rich, middle class, or poor, everyone can afford to drink it.
    2
  45. Back in 1994, we had the Northridge Earthquake, I lived in the epicenter of that earthquake. Do you know how much the govt gave my parents? $25k to repair the collapsed walls around the yard.
    2
  46. The quality of Subway sandwiches went down a lot in the past 24 years in the US. I know one guy who owned a Subway franchise about 19 years ago, he actually made a lot of money. Franchises are different for the same brand depending on the country, and the menus are very different. They use different ingredients in the food as well.
    2
  47.  @Jrodzay  Cars are assembled in the USA, but the parts are made in other countries. The manufacturer can give you money to repair the vehicle. Kind of like car insurance gives you money to repair your vehicle.
    1
  48.  @Jrodzay  Car insurance gives you money to repair your vehicle. Tesla is a vehicle company that doesn't have any 3rd party dealerships. I think you work for the car dealership industry. You people are obsolete, and you are going to find out in the future. LOL
    1
  49.  @robotinthebrain  I am glad I didn't have children. If it was tough for my generation, I am sure it will be tougher for the next generation.
    1
  50. 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.
    1