Youtube comments of Ace1000ks1975 (@Ace1000ks19751982).
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People are angry, and it is ultimately their anger that will destroy them. My father was like that, he always listened to right wing radio shows. He would blame other people for all the problems he had, he would abused alcohol, and he was abusive. Years of negativity, and abusing alcohol destroyed his health, had chemotherapy, two surgeries due to colon cancer + bladder, and still an asshole. Populism, being angry at everyone, blaming everyone, and substance abuse will not get you anywhere in life. He is paying for it now, living in chronic pain, living with a colostomy bag, and another bag for his urine.
I did learn something from him, and that was not to be like him. Not to be a masochist, and not to believe in right wing bullshit. Populism, anger, and negativity is something snake oil salesmen sell to people blinded by rage.
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I wish I could buy a Huawei phone here, but I can't because it is banned here. Back in the 1980s, the US govt tried to ban Japanese automobiles, because they were inexpensive and very high quality. The US automotive industry lobbied congress to put tariffs on Japanese automobiles, and they did. People still bought them, because they were reliable and inexpensive.
Now instead of allowing in competition, they just ban it. They banned Huawei 5G telecomm equipment, Huawei phones, and now they are putting trade barriers on Chinese EVs. Trade barriers for Chinese EVs isn't enough, so they are trying to ban the import of those EVs. They are trying to ban TikTok.
In the media, you just see a lot of anti-China, and anti-Chinese hysteria. They are just painting a negative image on Chinese people, and China as a whole.
I don't see why people in China should buy American brands. In my humble opinion, they should stop buying US brands, because they are funding these politicians in the US by making US equity markets go up. These politicians want to play on the anti-China hysteria to win points, so the people of China shouldn't be funding people that harm them and their interests.
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China has a history of innovations, look at all the things invented in China, like paper, gunpowder, trigger mechanisms, clockwork, wheel barrows, rockets, magnetic compass, seismometer, rudders for boats/ships, multi hulled ships, etc.
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China can produce 28nm DUV lithography machines with 100% Chinese suppliers as of last year. There are very few countries in this world that can produce their own DUV lithography machines in this world. With every passing year, China will be producing more advanced DUV lithography machines, which means they will not have to buy Japanese and Dutch lithography machines in the future. Tsinghua university is developing a SSMB EUV light source, and this will enable China to produce 3 nm, and 5 nm chips in the future. It is actually a EUV lithography cannon.
China has 14 nm lithography machines, and they can technically produce 7nm chips by using multi patterning. The yields are lower, but they can produce 7nm chips by using this method.
China can produce 14 nm chips with their 28nm DUV lithography machines with multi patterning. As of today, China can produce, automotive chips, RISC processors for smartphones/mobile devices, chips for military equipment, X86 chips, 5G chips, etc.
China produces 4 million engineers and scientists every single year while the US produces about 400,000/year. Producing something like a lithography machine is difficult, but if you have many scientists and engineers in the fields of optics, chemistry, electronics, electrical engineering, lasers, etc it will be possible to achieve those goals in the future.
The outcome of all of this is, US semiconductor companies losing market share in the biggest chip market in the world. This will mean, US semiconductor companies will have less money to spend on R&D to produce better chips in the future. At the same time, Chinese semiconductor companies will make more money, and spend more of it on R&D producing better and better chips. Like Kevin said, those Chinese semiconductor chips will be selling their chips in the global market which will take more market share from US companies.
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Math and science education is really mediocre in the US. If you want to major in engineering, you have to be good in subjects, like math, physics, and chemistry.
When I was going to university back in the mid 1990s, I would say about 80% of the people in the higher math(Calculus 1 - 3, Differential Equations, Linear Algebra, etc), and physical science courses(physics, chemistry, thermodynamics) were mostly foreigners.
In the US, you have more lawyers than scientists and engineers, so this is why the country is at the state that it is in now.
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If the US wants to be full protectionist then consumption will decline in the US. At the same time, consumption will increase in BRICS countries. People want and need things, like vehicles, farm machinery, parts for vehicles, parts for machines, appliances, bicycles, motor scooters, electronics, parts/components, apparel, etc.
As a result, the standard of living will increase in the BRICS countries, and it will decline in the US. The imports will still be flowing into the US, because they cannot produce a lot of the stuff they are importing. However, these products will cost more, and the people in the US will have less disposable income.
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When your currency gets devalued, people are getting poorer. When I was growing up in the early 1980s, we had 1 cent candy, 5 cent candy, and 10¢ candy. When I went to the convenience store, I could buy a can of Coca-cola for 25¢, and a snickers bar for a quarter. Then, I would go to the frozen yogurt shop and buy a large frozen yogurt for 99¢. For less than 2 buck, you could enjoy the simple things in life as a kid.
I used to own a convenience store back in the early 2000s, and I sold single eggs for 25 ¢, and a dozen eggs cost 1 buck back then. Today, a dozen eggs cost 8 to 11 bucks. All I can say is something is broken.
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All the money from the Chips Act is not working, because the US doesn't have a electronics industry. At the same time, the US govt is preventing the sale of these semiconductor chips to the country that consumes a lot of it. As a result, companies, like Intel, AMD, Nvidia, Qualcomm, and others are seeing a reduction in sales. Less revenue means less profitability; therefore, people have to be laid off. This means less R&D for these semiconductor chips. Sure, the subsidies did go into hiring people, pay peoples wages, and add production capacity. However, without a market to sell those goods, most of the money is just being used to keep these semiconductor companies afloat. This makes these companies less competitive, it gives them no incentive to spend money on R&D to improve their products. As a result, these companies lose their competitive edge and fall behind.
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China is the largest market for semiconductor chips, because a lot of those chips were used to make all kinds of products, like computers, smartphones, automobiles, aircraft, drones, smart TVs, and other kinds of electronics. China no longer needs to import those chips, they can produce enough for themselves, and export the surplus production around the world.
Some people may say, couldn't they use those chips in the US. The US doesn't have a electronics industry, so now they have a glut of chips they can't use. This increases the supply of chips around the world, and this drives down the price of chips. This made US chip companies less competitive losing the biggest market for chips in this world.
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The US relies on China for a lot of things, like APIs for meds, legacy chips, circuit boards, rare earth minerals, car parts, parts for various machines, chemical compounds, various types of electronics, lithum batteries, monitors, etc.
There is a trade surplus, so the US imports more than what is exported to China. The US needs China more than China needs the US. They can put these high tariffs on China, but most of these things cannot be produced in the US. Thus, they will keep importing it even with these high tariffs.
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It's simple, without the market for those advanced chips, research and development will regress, which is dependent on revenue from chip sales. At the same time, Chinese semiconductor companies will only get better, because they can supply Chinese companies, and they are also getting subsidies from the government.
These Chinese chips can supply Chinese companies that make computers, smartphones, electronics, SBCs, industrial computers, network equipment, etc. As time goes by, Chinese chip companies will grow, while US chip companies will stagnate.
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My father told me that Japan's economy benefited enormously from the Korean War, and he also told me that the Korean economy benefited a lot from the Vietnam War. When you have war, there are a lot of orders for everything, like rations, blankets, uniforms, military equipment, vehicles, parts for machines, etc.
China is benefiting a lot from this conflict, because they supply Russia with everything, and they are making bank. At the same time, their competitors get shut out of this market. LOL
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It isn't just women getting laid off, I lost my job in the IT industry about 2 year ago. For me, it didn't affect me as much, because I lived frugally for many years. Saved most of my money, invested it, paid off all my debts. I have enough to not work for a couple of decades.
I was looking for another job that was similar to what I lost, but I tried for 8 months and nothing came of it. I just found 3 low paying jobs. These days, I work about 25 hours a week processing medical records, work 16 hours/week washing dishes, and 16 hours/week at a warehouse. I still need to make money to support my elderly parents, and I don't want to use my savings to do that.
The demand for computer programmers is not very high right now. If you lost your job in this field, and trying to find another kind of job. You can keep looking for the job you lost, but don't spend 8 hours a day doing that.
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You do not need to go to college to be a businessman. My great grandfather never went to college, and he became a multi millionaire by age 30. You don't have to go to college to become wealthy, you have to have the right mindset, the right opportunities, and the right circumstances.
If you want to become a MD, DDS, CPA, a mathematician/computer scientist, biologist, chemist, physicist, engineer, pharmacist, teacher, professor, or some kind of specialist you need to go to college. You don't need a degree in business administration to start a business. You can open a business with skills you learns from college. For example, if you studied engineering you can open a engineering firm, if you studied medicine you can open your own practice, etc. In this day and age, going to college and getting a skill helps. We don't live in the 1890s or the early 1900s where you can go to one part of the country and buy merchandise and sell it in another part of the country. Everything is developed, you have trade networks, and you have globalism. It is very difficult for a small business person to make it in the face of overwhelming competition.
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When countries in the past tried to de-dollarize they got invaded, like Iraq in 2003, and Libya in 2011. The mistake those two countries made was that they didn't have strong armies or an alliance with other countries. When BRICS gets more members onboard, like Saudi Arabia, Iran, Venezuela, and other countries they cannot be invaded and bullied. In order to de couple from the dollar, you have to have a united front. If Russia and China wants to de dollarize, there isn't anything the US can do about it but impose economic sanctions. They can't invade those countries, they have thermal nuclear weapons, a large industrial base, and armies that can match Western countries.
When more countries join BRICS especially the resource rich countries, they can sanction the West by preventing them from getting essential minerals and resources. The West prints money, a lot of these BRICS countries have lots of resources and manufacturing capacity. Who will win, the countries that print paper and call it money, or the countries that produce the resources the world needs?
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I have all the criteria for getting married, like height, looks, money, home, car, stable job, etc. I got tired to pleasing women when I was dating them. These women are ungrateful, and too demanding.
I just enjoy my life now, and I don't care about getting into any serious relationship. I have a lot of free time, and I can live a stress free life.
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The biggest expenses of owning a home in the US are property tax, homeowners insurance, and maintainenace. If you have a lot of inflation and a mortgage on top of that, life becomes very difficult.
For me, my mortgage is paid off, so I am not really affected. Mortgage being the biggest debt, so without that you have more elasticity.
Consumer spending is decreasing for unnecessary things, and this is why so many retail businesses are going out of business these days. People have less discretionary income, they can't afford to eat out, get a new smartphone every year, get more cosmetics, get more toys, etc.
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Intel is having problems producing chips with nodes smaller than 7nm. I bought a I7-10700k cpu back in 2021, it was a 14 nm node based cpu, and I can tell you that it runs hot. When I use it to play games or CAD, the temperatures go up to 90 ° C to 100 ° C. Operating under such temperatures can reduce the lifespan on the processor. The I7-4790k processor I purchased in 2014 is a 22 nm node based CPU, and it heat is manageable on it.
AMD uses TSMC to produce their chips, and their latest CPU is based on the 5nm node, while Intel's latest I7-14700K uses a 7nm node with multi patterning. The I7-14700K cpu has heat issues. AMD's chips has smaller transistors, so they emit less heat, and they are more powerful. They can put in smaller computers, and thinner laptops.
Intel is losing money, because they can't produce good processors.
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When I was growing up in the 1980s, I saw what credit card debts, and home equity loans could do by observing my parent's life. It is ruinous. When I started my life, I said to myself I will do my best to pay off all my debts. After I graduated from university, I saved as much as I could pay that off. I did the same after I got a mortgage, and got that paid off in about decade.
Today, I don't have any debts, but I still have to pay car insurance, property tax, homeowners insurance, utilities, health insurance, and other bills. My income today is less than 50k/year, because I am just working part time, but I can pretty much do what I want, like go on trips, and buy what I need and want.
I think the problem what most people in the US has is a high level of debt, and that is what is dragging down most people. It is much more difficult to buy a home today compared to the 1990s when I bought my home.
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China has a larger population than the US, EU, Canada, Australia, and New Zealand combined.
Population of China: 1,411 million people
Population of US, EU, Canada, Australia, and New Zealand: 566.36 million people
As for vehicles, China has less vehicles than the US and EU combined, so the market for vehicles exists.
China has 329.155 million vehicles
Population of 1,411 million (2023)
% of vehicles to population: 23.3%
US has 283.4 million vehicles
Population of 334.9 million (2023)
% of vehicles to population: 84.6%
EU has 256 million vehicles (2023)
Population of 449.2 million (2024)
% of vehicles to population: 57.0%
Just the population of Indonesia, Malaysia, Thailand, Myanmar, and Vietnam is about 537.5 million people. Plus, there are countries in South America, Russia, Eastern Europe, other parts of Asia, and Africa China can export to. The Global South has about 6 billion people, and the G7 has about 785 million people. It doesn't matter if they choose to put tariffs on Chinese goods, the world is a bigger place than the G7 countries. Therefore, China will not have a problem, and with even with tariffs the US will still be importing stuff from China, because they don't produce those things.
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You need a 4 year degree to be a engineer, medical doctor, scientist(this includes computer science), a brokerage license, teacher, professor, NP, registered nurse, law, etc.
You learn science and advanced math in computer science, so you can become a better problem solver. Computer Science is not the same thing as a programmer, they can create a operating system, create artificial intelligence, apply advanced mathematics in programming.
This man is ignorant.
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I saw this documentary about geology about 30 years ago. The stuff that comes out of the ground, like natural gas, oil, uranium, geothermal, coal, etc is what raises the standard of living.
People thought differently 30 to 50 years ago. People today believe printing money creates prosperity, and that is the difference.
China produces real things, Russia has abundant natural resources, and the BRICS block has lots of people, and every resource on the periodic table.
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There isn't any permanent job in this day and age. I worked a number of jobs in my working life. I worked as a IT specialist, office worker, medical records specialist, web developer, and software engineer. I did a number of businesses, like retail business, and e-commerce.
I saved my money, paid off my debts, like student loan debts, car debts, and mortgage over the years. I didn't waste my money on vacations and things I didn't need. I am semi retired at the age of 48.
I just work a part time office job, and do business on the side.
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I am a Gen Xer, for me I am survive on an income of less than $50k/year, because my home is paid off, my car is paid off, I have no student loan debt, no credit card debts, or any other debts. Even working less than 30 hours/week, I can still have a high standard of living, because I have no debts. For younger people, this isn't the case, they may have a mortgage, car payments, student loan debts, credit card debts, and other debts. This is why they can't make it with $100k/year.
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The Americans think their little drones will work against Russia. Fighting Russia is quite different from fighting the Taliban of Afghanistan, and the insurgents of Iraq. Russia has scientists and engineers that know how to jam US GPS signals, know how to jam radio signals, and employ electronic warfare. Most of those switchblade drones, Himars, other types of drones, JDAMs, and other GPS guided weaponry became worthless after the Russians started using various types of electronic jamming systems. Big drones can be shot down by fighter aircraft, and drone swarms can be jammed, and they can all fall out of the sky.
GPS guided weapons might work against primitive enemies, but it will not work against pier to pier adversaries, like Russia or China.
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I ran a small business for about 11 years, and it is almost impossible to make a profit. You have so many regulations, all kinds of fees, and taxes. On top of that, in the past 12 years, real estate prices and rents for commercial buildings have gone up a lot. The banks raised credit card transaction fees from 3.5% to 10%, so if you sold $10 in a credit card transaction they would take $1. Your profit margins keep shrinking by the year, because of competition from the Wall Street funded retail stores. Running a brick and mortar business isn't worth it. You also have shoplifting, and you lose about 15% to 20% of your inventory from that. Government taxes and regulations are bad enough, but if you factor the other things, like rent hikes, shoplifting, outrageous fees from banks, and other things make it worse. You can also write off a lot of stuff when you have a business, but there are too many adverse factors which makes it not worth doing.
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The Japanese economy began to decline when computers, and smartphones became more and more popular. A smartphone can replace a number of electronic devices, like calculators, cameras, electronic organizers, televisions, tape/CD music players, analog phones, video camcorder, optical disc players(DVD-ROM), electronic typewriters, radios, voice recorder, scanner, electronic calendar, etc. Japan made a lot of those electronic devices, but with the advent of the smartphone, and computers all of these things became redundant.
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This time around the govt will confiscate your wealth by keeping interest rates lower than the rate of inflation.
In 1933, the govt seized the peoples gold.
Today, it is easier to confiscate wealth or transfer wealth from the people to the govt, they can keep interest rates under the real inflation rate. At the same time, they can use their spokes people that interest rates are only 3% when in reality it is double digits.
The people that have assets that go up, like stocks, real estate, and other assets that go up with inflation invest in real estate. This makes homes and rents more unaffordable.
Congress can borrow unlimited amounts of money; however, out of control of inflation can cause much bigger problems in the future. The US never experienced hyperinflation for 248 years, so we are going into uncharted territory.
Historically, governments fell when they mismanaged the economy, and there is no exception for this.
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I have a home, car, and savings, but I didn't get married 17 years ago, because I was afraid of losing my freedom.
I don't have a mortgage, student loan debts, car debt, or any debt. Still not interested in marriage, and I stopped dating.
These days, I only work about 20 to 25 hours a week. My life is easy and stress free. I get pressures to get married by my mother, but i don't care.
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Cpu speeds reached its apex in 2008 and 2009. My I7-960 which is a 2009 cpu is still being used by me. It is slightly slower than my I5-3570k which I got in late 2013. You can do all the office work with that I7-960.
I have a AMD Phenom II 945 which I got in 2009, and it is being used in my office. It is still a pretty fast computer for a office computer, and it is more than adequate for office use.
In 1987 to 1996 there were big leaps in cpu technology at the time. We had the 286 8 mhzs, 286 12 mhzs, 386 sx-16 mhzs, 386 dx-33, 386 sx-20, 386 sx-25, 386 sx-33, 486 dx 25 mhzs, 486 dx 33 mhzs, 486 dx2 66 mhzs, 486 dx4-75 mhzs, 486 dx4 100 mhzs, Pentium 60 mhzs, Pentium 75 mhzs, Pentium 90 mhzs, Pentium 100 mhzs, Pentium 120 mhzs, Pentium 133 mhzs, Pentium mmx 166 mhzs, & Pentium 200.
From 2001 to 2014, there hasn't been a big leap in cpu technology. In 2001, I had Pentium 4 1800 mhzs cpu, and in 2014 I have a I7 4790 at 3600 mhzs. In a 13 year period, the core speed went up 2 times; however, the cpu manufacturers increased the number of cores to 4. The performance difference between a I7 4790 and a Pentium 4 1800 mhzs is about 6 to 8 times faster.
The cpu performance improvement in 1987 to 1996 was like 16 to 20 times. CPU technology reached its zenith with transistor technology. The more transistors they add, the bigger the cpu gets, and the hotter it gets. That is the problem engineers are facing now.
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They will always need, plumbers, carpenters, craftsman, mechanics, technicians, chimney sweepers, dog walkers, butlers, gardeners, barbers, dog sitters, babysitters, waiters, vegetable and fruit pickers
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Russia can use dollars to trade with China, India, Argentina, Brazil, South Africa, and other countries. However, they can also use Chinese Yuans, Brazilian Rials, Indian Rupees, and other currencies to buy what they need. If Russia wants to buy sugar, Tata motor vehicles, rice, pharma, spices, textiles, cotton, rubber, software, etc, they can use Indian Rupees to buy them. If Russia wants to buy electronics, computers, broadcast equipment, communication equipment, rare earths, tires, television monitors, trucks, automobiles, electrical transformers, etc, they can use Chinese Yuan to buy them. If Russia wants to buy diamonds, gold, platinum, rubber, fruits, wool, corn, etc, Russia can buy them with South African Rands.
What you forget is that the dollar is just a medium of trade. The Russian, Chinese, Indian, Brazilian, and South African economies do produce things of value. The money will have value, because those economies do produce things.
With de globalization and a multi polar world, it is going to get a lot more difficult to get stuff at the lowest prices. You may even see shortages of certain goods due to countries not being able to get the materials or having the access to technology. As time goes by, the dollar will be used less, but in the immediate future the dollar will still be used.
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From my experience, many of the dates I went on didn't lead to much. Some did, but 90% of those dates were just one time dates. There are many reasons for it, maybe the woman said something I didn't like, she is only interested in men with deep pockets, we didn't have similar interests and goals in life, it wasn't a match, you didn't like how the other person looked, you didn't like their personality, etc.
For me, I didn't care if the dates did yield anything. It was mostly about going out to have fun, like going out to eat, going to an amusement park, or going to the movies. I still go on dates, but I am not looking for any kind of relationship.
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A lot of people can't adapt for a lot of reasons. They may not have the education, skills, intelligence, or they are too old to learn new things.
In this economic environment, you just have to diversify. Don't rely on one job, and learn new skills in your spare time, like programming languages, learn how to make things, it can be furniture to software, find a way to sell it online, this way you can make an income.
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It would be nice to have a new CPU architecture, because X86/X64 is reaching its limits. RISC-V looks promising, it could be used in a large number of applications in the future as it becomes more mature. It could be used in smartphones, desktop computers, microcontrollers, video game consoles, drones, other types of electronic devices, automotive industry, aviation industry, etc.
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There will be plenty of jobs. They still need farm workers, fast food workers, warehouse workers, dock workers, construction workers, plumbers, electricians, carpenters, driving for rideshare, waiters/waitresses, butlers, dog walkers, etc. You can find a job working for extremely rich people who may want to use you as a chess piece in a game where they use people as chess pieces. There will be plenty of jobs, but most of these jobs are going to be temporary Gig type of work. You will have work, and you will be able to eat. That's it. That's the future for most people.
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In the USA, almost everything is for profit. It is all about money, money, and more money. As a result, our society is sick. We had for profit schools, like ITT Tech, Devries University, and others that sold degrees which weren't worth the paper they were printed on. We have con artists on the internet making false claims that traditional universities are worthless, because we have Google Alexa. Google Alexa can give you answer to trivial things, so universities aren't needed. You learn a lot of things in a university, and you learn things in a lot of depth. For example, if you learn physics, chemistry, biochemistry, economics, computer science, engineering, law, medicine, etc. We don't go to university to learn trivial things, we go there to learn real things that we can apply in the real world.
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@trestabernae7250 After 100,000 years, just about everything will decompose, rust, and corrode.
Plastic takes about 200 to 500 years to decompose, steel rusts and corrode, aluminum corrodes, bricks can last a few hundred years, etc. Stuff doesn't last forever. After 100,000 years, a lot of stuff would vanish without a trace.
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There is a reason why prices are dropping in China. One of the reasons are, they are producing a lot of goods. It's just supply and demand.
They have access to inexpensive energy from Russia, Iran, Venezuela, other countries. They can get natural gas, oil, uranium, and coal at lower prices.
As for food, China is supply countries in Africa, Asia, and Latin America with inexpensive farm machinery. This allows China to buy inexpensive food.
The deflation is due to China's strong economy.
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Looks like we are nearing the end of the petrodollar. Back in the 1970s, the US backed its currency by forcing Saudi Arabia to sell their oil in dollars. Every country in the world needs oil, and they would have to acquire dollars to buy it. As a result, the US eased on their tariffs, sacrificed domestic production, and the US had a surplus of goods due to imports.
The problems we face in the future are the following, like imports getting more and more expensive, and this will result in more and more inflation for goods. Since we don't produce a lot of the things we use, shortage of parts for farm equipment, vehicles, electronic components, electronics, semiconductors, etc can be bad for the economy. Trucks have to move to transport goods from point A to point B. Parts are needed in automated manufacturing plants to keep it running. Parts are needed to get oil rigs to pump oil. People who work in the transportation industry, like ride share need smartphones, automobiles, and parts for their automobiles to do what they do. People who write software for a living need computers. Data centers need servers, workstations, storage devices, and network equipment to keep these facilities running. Offices need computers, toners for printers, printers, paper, and other things. If stores can't get goods then they can't do business. Most of the stuff we use to make money is imported, because we have a service economy.
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There are a lot of 16 to 20 buck per hour jobs. They will always need people to wash dishes, be waiters, pick fruits, pick vegetables, work in construction, walk dogs, etc.
I lost my very good job in 2022, I am washing dishes 4 hours a day, and processing medical records. I am also doing Youtube, affiliate marketing, dog sitting, and other things on the side.
When you lose your 6 figure job, you better find something to do. LOL
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@luvanime1986 China today, and Japan in the 1980s aren't anything alike. China is a sovereign nation that has its own economic policies. They had been diversifying their trade with the BRI(belt and roads initiative). They also been diversifying their sources for food, and fuel over the years.
In the next 10 years, you are going to see more growth in the developing world. China still need to urbanize 300 million people, and they will be consumers. India will be adding hundreds of millions of consumers, Pakistan, Indonesia, countries in Africa, and countries in South America as well. As this happens, the trade with the US will become less and less significant.
If the US thinks they are the center of the world, they are going to understand that they aren't in the future. You will have billions of people from developing countries that also become consumers. China is helping a lot of those countries develop. Zimbabwe asked China to build them a Lithium processing plant, and China did that. Indonesia asked China to help build them a nickel processing plant, and China did that too. As those developing countries become more industrialized, they will have more people with more disposable income. They will buy Chinese goods, like Chinese EVs, Chinese TVs, Chinese com equipment, etc.
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China should sell all of their US treasuries. There is a lot of things they can buy with those dollars, like gold, palladium, platinum, bauxite, lumber, potash, grains, natural gas, coal, oil, silver, copper, lithium, rare earth minerals, cadmium, and just about every other element in the periodic table. They can buy mines in friendly countries. They can buy all this stuff and stockpile in, these resources are as good as gold, because they can be used. They are a lot more valuable than worthless pieces of paper that we call US dollars.
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@fresatx You're pretty funny. The only ones that will be disappointed in Russia. This is good for defense contractors that make weaponry and weapon systems in the West and the USA. The governments of the West will send their old equipment such as Leopard 1 MBTs, Leopard 2A4 MBTs, M113 APCs, missiles of all types, various types of small arms, stockpiles of munitions of all types, drones, howitzers, etc. All these orders need to be filled, so that will get the defense factories running again. $$$$ $$$$$ $$$$$$
The West can produce everything they need from small arms ammo to multi billion dollar aircraft carriers. Why? Because they control all the core technologies, like advanced processors, jet engines, etc.
The West will never run out of weapons.
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@pusanghalaw the paradox of capitalism is as follows.
1. Capitalists will use automation to lower costs and increase profits. That will pretty much destroy the consumer economy which capitalism depends on.
2. Capitalists will try to increase profits by paying their workers the lowest wage possible. They do that by hiring undocumented workers, and outsourcing labor intensive jobs out of the country. This destroys jobs and reducing purchasing power in the country.
In a capitalist economy, you are suppose to have a vibrant consumer economy, so people can buy everything capitalists can produce, right?
Trumpkins are bitching about how their jobs had been outsourced to other countries, and they are unaware of how many jobs were automated out of existence. Sure, a lot of jobs were created, a lot of jobs like working for Uber, delivering packages, delivering food, and other things as independent contracts. Good jobs were created in the tech field, like programming devices, computers, robotic arms, robots, etc. Those jobs are out of the reach of most ordinary people.
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It isn't about replacing the dollar with Chinese Yuan, it is all about having bilateral trade. People can buy real things with Chinese Yuan. Let me give you an example of Chinese production capacities.
________________________________________
Steel Production (2022)
China: 1,032.8 million tons (1st place)
USA: 86 million tons
________________________________________
Titanium Production (2021)
China: 3.4 million tons (1st place)
Kenya: 253,000 tons (10th place)
________________________________________
Aluminum Production (2022)
China: 40 million tons (1st place)
USA: 0.860 million tons (9th place)
________________________________________
Car Production by Country (2021)
China: 26.08 million motor vehicles (1st place)
USA: 9.17 million motor vehicles (2nd place)
________________________________________
Rare Earth Minerals (2022)
China: 210,000 Metric Tons (1st place)
USA: 43,000 Metric Tons (2nd place)
________________________________________
Ship building by country (2020)
South Korea: 49.6 million tons
China: 43.9 million tons
Japan: 13.005 million tons
All other countries: 5 million tons
(The US isn't even in the top 10)
________________________________________
Back in 1971, the US was the leading producer of steel, rare earth minerals, electronics, automobile, aluminum production and everything else. After World War 2, the US produced more of everything, and during World War 2, the US beat the Axis powers and was able to supply its Allies, which helped the Allies win WW2. This is why the US dollar became a world reserve currency after World War 2. Today, most of what we do is sell debt to other countries. People can simply cut out the middle man and trade with their own currencies.
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It wasn't just outsourced many more were simply automated out of existence. Back in the 1960s, you had people working in a factory stamping parts, doing repetitive things over and over again, or doing a task like picking up something from a conveyor belt and putting it in a box.
Starting from the early 1980s, you had programmable computers, microcontrollers, robotic arms, and other machines that got ride of all those repetitive jobs. The digital age started in the mid 1970s. The more labor intensive jobs no one wanted to do, like making clothing, cleaning fish, and non essential stuff was outsourced.
At the present, the white collar jobs are being threatened by artificial intelligence with stuff like ChatGPT. Factory jobs do exist, but we don't need so many factory workers today. With the current level of technology, one industrial worker can do the job of 10 to 15 people. As a result, we don't need so many people working in factories. For example, in a soda factory, the entire process is automated. In a brewery, the entire process from brewing the beer to packaging the beer is automated. Car plants are automated, sure we have workers, but we need less workers that produce 5 to 10 times more. This means we need 5 to 10 times less people working in those automotive assembly plants.
Humans are becoming redundant. Ask any employer, company, or corporation if they wouldn't replace people to make more of $$$$$, and more than 80% will say HELL YES!!! Job cuts are coming for the white collar jobs, like job cuts came for blue collared workers in the 1980s and 1990s.
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Most of those groups got assimilated into Han Chinese culture and civilization, they still have their customs. Look at what happened to the native Americans, they got wiped out. The population of Xinjiang, and Tibet actually grew.
In 1951, the population of Tibet was 1 million people, and today the population of Tibet is 3,640,000 people. In Xinjiang, the population was 4.33 million people, and today there are 25.8 million people. Out of the 25.8 million, there are 15.48 million Uyghurs. Can you say the same about the native Americans in the U S?
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China has a electronics industry that uses semiconductors to build all kinds of products, like computers, smartphones, automobiles, smart TVs, drones, sbcs, microcontrollers, network equipment, etc.
The US doesn't have a electronics industry, so what will these US semiconductor companies, like Qualcomm, AMD and Intel do with these chips?
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I will tell you the situation in the US, because I live here. A lot of people that worked very good jobs had lost their jobs in the past 2 years; however, there are a lot of low paying jobs. If you are a regular person, you could take one of these jobs, like working as a ride share driver, delivery man, working at a restaurant, working at a warehouse, painting houses, working as a construction worker, etc. The problem is finding a decent place to live, because the cost of living is very expensive. It is very common thing these days for 3 people to share a studio or a one bedroom apartment.
If you don't have much skills or education, your standard of living will be very low. You will be working more than 70 hours a week, and you will be living in a small room. Even though wages are lower in China, basic things are cheaper in China, like food, rent, utilities, etc. You are better off living in China in my opinion.
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@spiritualanarchist8162 There is a reason why a lot of people are angry, and the main reason is that the lives of most people aren't improving.
I grew up in the 1970s and 1980s, and I experienced the decline in the standard of living first hand. First it was this Reaganomics BS about this trickle down economics, and a lot of people who experienced it know that it didn't work.
The public educational system starting from the 1980s started to go downhill. In the 1970s, only the man of the house had to work. In the 1980s through the 1990s, the husband and wife had to work. This kind of change not only happened in the USA, it happened in other developed/industrialized countries.
The printed circuit board became mainstream in the mid 1970s, and this gave rise to programmable computers and micro controllers. This was used in industry, and may people got displaced all over the world in the 1980s to the present. In addition to that, you had outsourcing of jobs to countries where the cost of labor was much less than in developed countries. As a result of all these factors, you had a decline in the standard of living.
People had to get into debt to buy what they were able to buy. You had the rise of credit cards in the 1980s to the present. Since a lot of good jobs were outsourced or automated out of existence, people had to use stuff like credit cards or debt to buy things.
After that, they inflated the dot com bubble, and the asset bubbles in equities and stocks. We had student loan debts balloon, and the cost of college/university education sky rocket in the 2000s.
As a result of blowing asset bubbles, the price of homes became expensive for many, so they had to get a mortgage to buy them. Putting people into more debt. At the same time, the economy didn't have enough good paying jobs. Instead, the economy provided more part time, and low wage Gig type of jobs.
This is where we are at, a lot of people heavily in debt, paying high rents, and not having a lot of savings. To compound that, you have this Covid-19 pandemic which makes it even worse. The government isn't helping the people, so people are angry.
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The gold and dollar cannot rise together, they are inverse of each other. When the dollar is weak, commodity prices and gold go up. When the dollar is strong commodity prices and gold go down. After 1971, the US government took the US dollar off the gold standard. In 1973, the US government made a deal with the Saudi government to get them to sell their oil in dollars, and no other currency. Russia is a big oil producing country, and they are taking other currencies for their oil, like Indian Rupees, Chinese Yuan, and even taking Russian Rubles for it. You have Saudi Arabia talking about accepting Chinese Yuan for their oil.
The West doesn't have a lot of resources, the only power they have is in the financial industry. What will happen when all these countries that produce a lot of the worlds resources decide to trade in their own currencies by doing bilateral trade, or use a basket of currencies to conduct trade? These countries that produce resources have a place to go to, they can sell their resources to China which is a major industrial country. These resource rich countries might be technologically backward, so they have a place to buy finished goods. They can buy the finished goods from China. China and India have a combined total of 2.8 billion people, so they can easy soak up the resources, like oil, natural gas, copper, aluminum, tin, iron, etc. They just have to change from a exporting economy to a consumption based economy. They can raise the standard of living of their people, and starve the resources to the West.
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I saw some expensive weapons in there, like $120,000 Javelin, $40,000 NLAWs, $20,000 Skif AT missiles, $38,000 FIM-92 Stinger missiles, Soviet era machine guns, etc.
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That sounds about right. It has always been like that, but I thought the USA was suppose to be different. When you had absolute monarchies, and modern day dictatorships you can expect such things to happen. I thought living in a constitutional republic was suppose to be different, like everyone was suppose to be equal under the law. I guess, this is what happens when the uber rich people in our society buys up our government, and staff it with their own people. There is still hope. We can take this government back, that is if we form a 3rd party. Fund these candidates with our own money by crowd funding them. I am saying it can be done, there are more of us than there are of them. We can take the government back and change the laws, change the tax policies, and have a government that is truly a government of the people, by the people, and of the people.
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I met some old Republican guys who were very wealthy, and they owned some businesses. He was my friend's friend, and he got invited to eat with them. My friend asked me if I wanted to go. These people are just business people, and they use a lot of migrants, because US workers in their opinion are unreliable and slackers. I don't think they have anything against immigrants, because they use a lot of them in their companies. My last employer was a hardcore Republican man, when I passed by his office, he was always watching FOX News. When I worked there, I would get a big bonus at the end of the year, and he didn't give other employees a extra bonus like I received. It was a substantial amount of money. He liked me because I got all my assignments done on time.
A lot of these Republicans use immigrant workers, because they have better work ethics. These people just want to make money, but Republican politicians use anti-immigrant rhetoric to get elected. In reality, they don't do anything about immigration enforcement.
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I am from the Far East, and population going down is a good thing in my opinion. Living in East Asia is very competitive. From junior high school, everyone competes to try to get into the best high school, so they can get into the best university. If you get into the best university in the country, you can find a good job working for a large company, or the government. If you fail to get into a good university or don't go to college, your life will be very difficult. You will working long hours for little pay, or doing very hard work.
This is why a lot of people with money in East Asia send their kids to study abroad. If they cannot get into the top university in the country, a degree from overseas would help them find jobs after they finish and return. If your parent's don't have much, you will be working jobs that are Gwarosa(Korean), Karoshi(Japanese), Guolaosi(Chinese). There are people that work so hard that they expire from it in East Asia.
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Eugene Fisher A lot of people have to borrow money to buy a home, buy a automobile, and everything else. They need to use a credit card to buy food, buy gifts, and many other things. It would be okay to use a credit card if you pay off the full balance every month, but a lot of Americans don't that. Instead, they carry the balance and pay interest for it.
For me, I try to live a very Spartan life, and spend money if I have to. If I have to buy something I use for work, or stuff I use everyday I will buy it. If my pet gets sick, I take him to the vet. If I have to buy prescription drugs, I have to do that. I just use my money to buy what I need. My computer is about 6 years old, I keep it running by making small upgrades. Other than that, I live very frugally. When I buy a car, I usually keep it for 8 to 10 years.
Getting married and having a family is something that is out of reach now a days. There is no way to know if you will get axed from your job tomorrow, next week, next year, 2 years from now, who knows. You buy a house with a mortgage today, and you will surely lose it when you lose your job. Capitalism is so damn unstable.
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@freedomfortheworld904 When the media exposed Rump of the things he did in the past, like not paying contractors who worked for him, making racist statements, lying in public, slandering people, report his 6 bankruptcies, reporting on his fake Trump University, diverting money from the Trump foundation and using it for himself, using campaign contributions to fund his lawyers, etc are fake reports?
This is why anyone with less than a college/university degree should not be able to vote. The definition of libel is when you make a false statement, and that false statement results in someone getting hurt or killed.
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Exactly. If they learned a viable skill, they would be able to make a living. Unless you go to college to become a MD, accountant, engineer, scientist, teacher, pilot, officer in the army, a broker that requires a 4 year degree, lawyer, psychologist, or something that requires one there is no reason why you need to go to a 4 year college.
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You can believe in Bitcoin and Cryptocurrencies all you want, but I am not going to pay $16,000 per Bitcoin. If anyone is dumb enough to buy it at $16,000/BTC you are taking huge risk. There are no guarantees the price of Bitcoin will go to $1,000,000/BTC. The only people who are promoting this are the ones who want you to believe in it, so you would depart with your money. Fiat currencies are used everyday by almost everyone in every country to buy and sell things. In the United States of America alone, there are hundreds of millions of dollar transactions per day. That comes out to 1500 to 3000 transactions per second. In the world, you have billions of transactions with fiat currencies per year. That would be about 69,400 to 90,000 transactions per second. You telling me a inefficient system like Bitcoin which uses a enormous amount of energy, like it uses as much energy as a country like Nigeria. This energy efficient system which can at max do about 20 transactions per second, or 1,720,000 transactions in a day can be used as a global currencies??????? If Bitcoin in its current form was used as a global currency to replace all fiat currencies, you would have a serious shortage of energy. Governments will shutdown Bitcoin mining operations which disrupt power directed to essential things in the economy.
Fiat dollars have value, because government have the ability to tax assets and land. If you want to buy or a rent a place to live, it will be go through fiat currencies. If you want to get a loan to buy real estate, it will be bought in fiat currencies. If you want to rent property, it will be paid for in fiat currencies. If you own and land, the taxes will be paid in fiat currencies in the form of property tax which must be paid every year.
I am advocating people invest in Wall Street, people can do whatever they want with their money. I don't want to see people get hurt and lose everything they have believing that Bitcoin will go to $50,000, $100,000, $1,000,000 per Bitcoin. Making such claims can cause foolish people to sell everything they have to take such foolish risks.
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@adamsnelson4689 Life isn't that simple. I've experienced a point in my life when my father was a director of a large corporation back in the 1970s, he made a lot of money. He bought a big house, he had all these luxuries, and he lost his job. Then, we feel into a downward spiral from there. I've seen my father abuse alcohol and turn really ugly.
I experienced living a high life to living in poverty. When I was in my 20s and 30s, I was making a lot of money, bought a nice place to live, bought luxury automobiles, and when the recession hit in 2008. I got into a divorce, and lost almost everything. I was depressed, but I am educated, I have a electrical engineering degree, and I am resourceful so I got back on my feet again.
Some people may not have higher education, marketable skills, and have no way out. When and if that happens people tend to get depressed, and this depression leads to substance abuse.
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Tom Neave, we live in a global economy. American companies have to sell things overseas. Trump and his ignorant followers believe they can bring back jobs by imposing tariffs. They are sadly mistaken. All large companies and corporations depend on international trade, and partially outsourcing was a strategy for these companies to remain competitive and survive.
The corporations and companies don't have to produce stuff in America. They can move their production to Vietnam, India, Indonesia, Thailand, Mexico, Brazil, Madagascar, Nepal, Sri Lanka, etc. Those countries will not be affected by tariffs while the cost of labor is very low as well. Trump doesn't seem to understand economics. A lot of his retarded supporters believe he is rich, because he is a good businessman. That is simply is not true, he is a bad businessman, and his history of bankruptcies prove that.
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Wado Waleli My father always watched FOX News, and listened to right wing radio stations, like Sean Hannity and others like him. I used to watch FOX News and listen to right wing propaganda radio stations when I was in my mid 20s. After seeing what Republicans do, and what they preach don't seem to line up. It is just hypocrisy, they will loot the government and enrich their associates and themselves at the expense of the people. Right wing propaganda are not based on facts, they are fear based.
If you really think about it, what contributes to the general welfare is very important. Not many people want to see a lot of homeless people in the streets, people don't want to be victims of crime, people don't want to get contagious diseases, people don't want to be exposed to pollution, etc. Right wing policies did more to impoverish and ruin the overall quality of life.
For right wingers, the solution to crime is buy guns. Build more prisons, and hire more police. This isn't a solution. If people were well educated, had good jobs/careers, and lived comfortable lives they wouldn't be committing crimes. Investing in public education, and creating jobs and opportunities for people.
Right wingers see homeless people, and push for laws in cities and counties to arrest people for vagrancy. That doesn't stop more people from becoming homeless. When it gets out of control, those laws will not even work. They simply choose to ignore that the problem even exists. The solution would be to make a law to prohibit investment firms from owning too many homes, or make these investment firms pay a very high property tax for owning more than 3 homes. That would prevent them from jacking up the price of real estate.
The right never gets at the root of any problems that is why right wing ideology is morally bankrupt.
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@UshankaShow The trade off is like this. Today, we can buy cheap goods from overseas from places, like China, India, Pakistan, Vietnam, South America, etc. The costs of the stuff we need, like housing, medical care, education, child care, insurance, & various services have gone up a lot. It is a trade off. If you own your own home without any debt, you are probably doing good. If you have a mortgage, pay rent, or have other kinds of debt life isn't so rosy.
In the USA, everything we need to survive has gone up a lot, and everything we want has dropped in price. Back in the 1970s to early 1990s, electronics and imported items were expensive. The cost of living was relatively low back then. We can have all the toys and trinkets, but people have a lot of difficulty paying their rent. This is the difference.
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Currencies should be backed by GDP, it doesn't have to be backed by gold. There is this one scene from Lord of War when Nicholas Cage traded with an African warlord by taking diamonds for his arms. It's a form of barter. Most countries produce things of value whether that be oil, refined gasoline, wines, automobiles, sugar, cotton, platinum, gold, silver, rare earth minerals, manufactured goods, tools, LNG, coffee, etc. The point of trade is to get the stuff you don't have, so both sides benefit in theory.
The US dollar became the world reserve currency, because it had stuff that the world wanted, like television sets, radios, motor vehicles, agricultural goods, military hardware, aircraft, steel, manufactured goods of all kinds, oil, coal, etc. The US is no longer the leading producer of anything, and it exports a lot more green pieces of paper than actual goods.
Countries around the world can trade for the sake of getting what they need without a middle man.
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@Motorcitymadman I have bad news for you. The Federal Reserve will not let banks collapse. If a bank does go under, the Federal Reserve just takes it over and re-capitalizes it. Back in the late 1980s, a lot of banks collapsed due to the saving and loans scandal, and the bank my father banked with collapsed. The FDIC gave my father all his money back in a couple of years.
I know a lot of people are hurting economically, and they are frustrated that they aren't getting anywhere economically. They want to escape in a world of fantasy and that genre being the prepper collapse cult. Believing that if the system and civilization totally collapses, I will not have my creditors hounding me everyday, and I will be free. You're debts will stay with you for the rest of your life. If you don't pay your mortgage, the banks will use the law enforcement to evict you from your home with a foreclosure. If you don't pay your property tax, the county will put a lien on your home and seize it in a few years. Banks will get bailed out, because everyone depends on it. As for you, no one gives a shit about you, not even Donald Trump. That is the reality.
For most of you who are heavily indebted, your future is very clear when all the bubbles pop. You will lose your livelihoods, you will lose your home, lose your car or cars, lose your wife, lose your kids, and live in the streets. There will be no total collapse scenario where you get to use your Ar-15 on hoards of people. Once you lose your home, all the preps you made will not mean anything. Where are you going to put all your guns, ammo, gallons of water, stocks of food, and equipment. Are you going to put it all in your shopping cart. Preppers think they are smart, but I think they are the biggest idiots out there.
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@lynnwood7205 I live in Los Angeles, and rents are pretty high here. I pay about $2500 for a 1 bedroom apartment. If you live in Los Angeles, you need to make at least $75,000/year. If you have a family of 4 people, you need to make at least $100,000/year. There are a lot of homeless people where I live, you can see them when you're driving around. I see a lot of em when I drive to work and back.
You're right there are a lot of people who aren't paying their mortgages, but they aren't being foreclosed. You are right about them not being foreclosed on due to it causing the price real estate to drop. I have to pay high rents, and these delinquent people with mortgages get to live rent free!!!!! When the next recession comes, the government should not bailout these banks. If they become insolvent, the government can take them over. That is what happens to failed banks, the government takes them over and recapitalize them. As a matter of fact, we should have state banks, and banks owned by the federal government. The federal government owns the post office, so why can't we have a public federal bank?
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@randomsandwichian those blue collared white males who got hurt by globalization voted for Trump, because they believe he will bring these factory jobs back. It won't happen, because I know for certain most factory jobs we have here producing everything from tooth brushes to automobiles are highly automated by computerized control systems. The people that are needed in factories are highly skilled programmers, engineers, technologists, and technicians. Those blue collared workers with skills aren't really needed. Skilled and educated workers are way more productive than unskilled and uneducated workers.
As for labor intensive jobs, these are just outsourced to any country where labor is much lower than it is in the U.S.A.. Countries, like Vietnam, Laos, Sri Lanka, India, Nepal, Bangladesh, South America, and large parts of Africa. Wages in Bangladesh is as 40 cents an hour, and in Vietnam the wage of a average worker is about 75 cents an hour. The average American worker who wasn't well educated or highly skilled has lost the most since globalization started in the mid 1970s. I can imagine, people who voted for Trump wanted to see something different. The U.S. economy is able to produce everything it needs with less people year over year.
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@lemonke5341 You said 1,051,200 people go missing in a year, and this is out of a population of 1,400,000,000 people. That is about That is 0.075% of the population.
In the U S , 600,000 people going missing out of 331,000,000 people. That is 0.18% of the population.
2.4 times more people go missing in the U S in relation to the population. LOL
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@putler965 They aren't going to lift sanctions, and they know it. Besides, Russia, North Korea, and Iran are all currently have economic sanctions against em. This is why they are cooperating with each other.
China isn't helping Russia, because they aren't under economic sanctions. However, if economic sanctions are imposed on China then they will not hold back in supporting Russia with anything they need from artillery rounds, munitions of all types, armored vehicles, chips, etc.
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@itsallminor6133 Mr. American exceptionalism, the US doesn't have a exceptional advantage over other major powers in this world when it comes to military technology.
A war between China or Russia vs. the USA isn't going to lopsided war, like the 1st Iraq War in the early 1990s. They have the same stuff that you have, like doppler radars, thermal imaging equipment, jamming equipment, drones, satellites, weapons that can take out satellites, warheads tipped with depleted uranium, etc.
If a war with a major power happens, both sides will lose a lot of people, it will be a meat grinder. Whoever has more industrial might will win, it is as simple as that. One American soldier isn't going to kill 100 Chinese, Russians, or Iranians. It isn't a Hollywood movie.
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China and all of these countries the US are trading with hold U.S. treasury bonds. They also own a lot of U.S. real estate and equities. If a trade war starts, interest rates are going to spike. A home mortgage that was 4% can go up to 18%. Your credit interest was 30% can go to 200%. The car loan you needed to get a car can go from 3% to 10%. The stock market will crash, the real estate market will also crash, and business will get worse. This will all lead to a economic depression. Since Trump cut welfare spending, Medicare, and Social Security, when you lose your job or your business. You might have to turn to social services, but they won't be there. Then, you can live in the streets, sleep in a cardboard box, and eat out of the trash can.
That will be future for most people if a full fledge trade war starts. The old people who retired. Well, they can't get their checks every month, because the investments that paid for their pensions will have collapsed. If the stock market, and real estate market crashes, pensions will collapse as well. You're a very simple minded person.
This will be interesting to see, I am financially well off, I don't really care. If interest rates spike, I will put my money in the bank, and it will accrue higher interest rates. As for the rest of you ignorant morons, enjoy eating out of the trash can.
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@kingvisuals6070 A lot of people live above their means, they could be someone who makes $200,000/year to someone who makes $35,000/year. If someone makes $35k/year, they will buy a home worth $300,000 with a 30 year mortgage. If someone makes $200k to $300k/year, they will buy a house that is worth $3.5 million to $5 million.
Why would you want to slave away paying a mortgage which you have to pay every single month for the next 30 years? Wouldn't it be better to buy a smaller place, and have a piece of mind that you own that home free and clear?
Anything can happen in 30 years, you could lose your job, the company you work for might go out of business, you might get chronically sick and become disabled, you could get into a divorce, etc. Recessions like this happen every 6 to 8 years. Life isn't all about materialism, and getting things.
I am perfectly happy with my 6 year old desktop computer that I put together. I don't need to buy a Apple I-Mac for $7000. I really don't care about what other people think of me, because trying to impress people is all fake. Having your piece of mind, and living a stress free life is more important. You can enjoy life without the stress, and worries that come with being fake.
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@GRIPANDSLIP I know what Jordan Peterson is advocating, he just wants people who are unable to make it to just die out. People aren't going to die out willingly. People will do what they have to do survive. Higher level jobs can also be automated with more advanced computers, like quantum computers, deep learning, and other forms of artificial intelligence. If a super computer can defeat a Go champion, video game champion, or a combat pilot, I am sure it goes deeper than just unskilled workers. Most of the jobs we do even as professionals are routine tasks, but we do tasks that are creative from time to time. Most of the time, they are routine tasks we repeat over and over again.
The first computers required you to type in commands to use, and look at the computers we have now with GUIs(graphical user interfaces). Anyone can use a computer. Programming will also become simplified where less skilled people can do it. You will have machines designing machines in the future. When A.I. and computing reaches a very high level of development, more than 50% of the jobs will not be there.
This technology is just at its infancy now, and as time goes by. It will get cheaper and better. It will be used in every facet of society, it may be used in the military and law enforcement as well.
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Darius Truxton, you people don't believe in real scholarship, real journalism, real science, real medicine, real fiance, or in facts. You make up conspiracy theories, like bankers are evil, vaccinations are bad for you, buying Alex Jones medicines will cure or treat medical problems, global warming does not exist, there is a Illuminati conspiracy for world domination, the deep state, etc.
There is a reason why we go to universities and colleges and study, the physical sciences, economics, history, law, political science, pharmacy, engineering, finance, dentistry, mathematics, architecture, computer science, journalism, and other things. We go to university to study real things. If you go to the emergency room, a ER doctor has the skills and knowledge to save your life. Journalists site all their sources, and they report the news based on these sources. Alternative media doesn't site sources accurately, and in a lot of cases they make stuff up out of thin air. That is not real journalism. Alex Jones making claims that his fake medicines treat or cure diseases is snake oil 101. If a medicine is to be approved for sale to the public, it has to go through the FDA and be tested. When you come up with theories as a scientist, you have to prove your theories in experiments.
You quacks believe the whole system is evil, because they don't believe what you believe. In fact, we don't have to BELIEVE anything, we just have to know the facts. Just because you don't like the facts, and just because you refuse to believe in it does not make it false. This is why you morons never win in court. You believe it is true, but you can't prove it with evidence or facts. The F.B.I. has the evidence and the facts to make a case, and they won't be doing it because they don't like Donald Trump. The F.B.I. can get everything they need from other Federal agencies. If they want to get Donald Rump's tax records, they can go to the IRS and get it. The IRS in turn can get all of Donald Rumps bank records. If Trump thinks he can get away with this bullshit, you are wrong. They have to follow the money trail, and if the bank records show Trump took money from Russians they can find a lot more.
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@sgfinancial3854 The writing is on the wall, most Americans don't have much savings, and a lot of debt. They have long term debt obligations which they cannot pay when they lose their jobs. My hours have been cut 80%, and there are many people who just got laid off. It all boils down to seige warfare, how long can you hold out? Because I know people who invest in silver aren't rich folks, they are people who live paycheck to paycheck. People will sell their stuff whatever it is to raise cash to pay their bills, they will sell their wedding rings, silver coins, automobiles, & junk around their home. If the paychecks don't come in, they don't have money. They need money to buy food, pay their utilities, pay their mortgages/rents, pay property tax(if they own a home), pay car registration fees, pay their internet bill, pay their cell phone bill, etc. Trust me, PEOPLE NEED MONEY, and they will sell everything they have to raise cash. No hyperinflation is coming.
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Starting business is futile, you will never be able to compete with the corporate megaliths. Before the recession, I made about $150,000 a year as a programmer working for a big corporation. Now, I work as a independent contractor, and I make far less than what I used to make. I have to supplement my income with other things, like trading stocks, selling real estate, making videos, selling software to companies, buying and selling computers/servers, setting up servers, etc. Having your own business is not a easy thing, you need to have the experience, the skills, and the money to do it. Most of the times, you will be barely putting your head above water.
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LOL. He is a deadbeat. He is just another selfish me me Libertarian. He wants to reap all the benefits of living in a civilization, but he doesn't want to pay for it. Maybe, people like this should be banished where there is no piped water, electricity, sewer systems, roads, etc. I bet he preps for the total collapse of society, collects a arsenal of weapons, canned food, ammo, and waits for something to happen. LOL
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There are a lot of things in the horizon that will lead to more unemployment, like artificial intelligence, a good example is ChatGPT, kiosks employed in movie theaters, fast food restaurants, bus stations, train stations, airport self check ins, hotels, warehouse robots, robotic equipment in manufacturing plants, AI used in call centers, AI used in customer service centers, etc. All these things are going to lead to a reduction in employment. If one person can do the work of let's say 3 to 5 people in a company using something, like ChatGPT or some other kind of AI algorithm then it will lead to 3 to 5 people being laid off. You cannot very well stay at a company just standing around can you? These people would be let go.
There is a lot of things that are happening now which is going to shape the future 1 or 2 years down the line. We have geopolitical shifts which is causing interest rates to rise, inflation, currency devaluation due to de dollarization, climate change, war, etc. The US still has trade deficits with China, but China stopped buying US treasury bonds. This in turn is causing interest rates to rise, right? If China was buying US treasury bonds, it would lead to lower interest rates. Instead of buying treasury bonds, they can just buy up commodities and that causes the price of commodities to go up in price. You have de dollarization which is causing the value of the dollar to go down in value, and this is contributing to inflation here. We have a reduction in global trade due to sanctions, like the chip ban on China. As a result, companies, like Intel, AMD, Qualcomm, and others have a glut of chips they cannot sell. This is causing those companies to lay people off as a result. People get laid off, this affects the local economy, because those people lose their jobs, they lose their homes, they can't spend money in the local economy. This causes tax revenues to dry up in that locality. The businesses in the local area lose customers which causes those businesses to close down or lay people off.
Inflation is causing people not to spend money on things they don't need. As a result, you are seeing the ripple effect of store closings, reduction in hours of work, and layoffs. Companies like Best Buys, Bed Bath and Beyond, Foot Locker, and others are closing stores. Amazon reducing the number of employees, they are closing distribution centers, etc. When you don't have a employment then you can't make your mortgage payments. This will lead to foreclosures in the future. It's inevitable.
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Recessions happen, and people become unemployed. It isn't anything new. As for white collar workers, most of them will get replaced by outsourcing and also by artificial intelligence. All those remote workers could easily be replaced by someone that lives in India, Poland, The Philippines, Pakistan, etc. Call center workers can be outsourced, programmers can be outsourced, people who do office work can be outsourced or automated with AI.
There are other factors that will drive down wages, like outsourcing remote work, and technology. The higher interest rates will help with that as well.
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@WorldVidzz The trick is, you need to make all the money when you are young, save it, and invest it later. Live off the investments after you have a lot of money.
A lot of my friends made the mistake of blowing all of their money in their young age. They were medical doctors, engineers, lawyers, directors of companies, scientists, CPAs, etc.
Those guys have a lot of debts, and they will have to work until they pay off all their debts.
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Mr. Schiff, how is there going to be inflation if the money is going to a handful of billionaires and millionaires? The majority or 90% isn't getting this money, and rich people are very stingy people. In other words, most of this money that is being flooded into the stock market is going to the very top. If the masses got the money, we would see inflation; however, if a few people get most of the money there will be very little inflation. For example, if there was $10 trillion circulating in the economy, and 10 people had $5 trillion, 3,000,000 people had $4 trillion, and 300,000,000 had 1 trillion dollars. How can there be inflation? The 300,000,000 people have more debts than they have assets, so they will be busy paying the bills, paying off their debts, paying their mortgage/rent/lease, etc. They will have very little disposable income to cause inflation!
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Ken93, if you are a Baby Boomer, I got news for you. The economy will tank if a full blown trade war extends past a year. $13 billion for relief for farmers isn't much compared to the $80 billion they will lose per year. The U.S. exports about $140 billion worth of agricultural goods to the world, and China, Canada, European Union, and Mexico accounts for $80 billion worth of trade. It will not only result in massive bankruptcies and foreclosures for farmers, it will affect the people who loan money to the farmers, the farm equipment manufacturers, the chemical fertilizer industry, the petro-chemical industries that sell pesticides to farmers, and the local economy of those rural areas.
You are as clueless as Trump. When it hits, and if it does affect you, I could laugh in your face.
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@MustyBastard There are homes like that in the hillbilly woods in the USA, but you may have additional cost, like getting your own septic tank, you may have to have your own well for water, have a water purification system, and other additional costs.
It is probably an area, no one wants to live in, or it is very far from the nearest conveniences, like a supermarket, shopping center, etc. You might have a small market to buy your supplies at inflated prices, and a small town setting where 500 people may live there.
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@dojocho1894 It seems like we have more monopolies these days, let's say compared to 43 years ago. If there is more competition then it is better. Think about it. About 40 years ago, you had more mom and pop pharmacies, and today we have the CVSs, Walgreens, and other corporate retail pharmacies. We had small electronic retail stores, small coffee shops/cafes, medium sized supermarkets, hardware stores, etc. We have Best Buys, Starbucks, Walmart, Home Depot, etc.
On top of all that, you have monopolies, like Amazon, Ebay, and others that dominate the online retail space. People can sell their own stuff on their websites, but not many people know about these small websites, people know Amazon and Ebay. Throughout the years, these big corporate entities charged higher and higher rates for their sellers. The same thing that happened with Uber/Lyft, they destroyed the Taxi cab industry, now they pay their drivers poorly, and they charge their riders outrageous prices.
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@ODoyleYourFamilysGoingDown I bought a LG refrigerator in 2006, and it stopped working in 2016. I tried to get it repaired, and the repairman took a look at it. He said, it needed a circuit board, and they don't make it anymore. He couldn't repair it, and I had to buy a new refrigerator.
There wasn't anything wrong with the compressor, condenser, or any of the parts that make a refrigerator work. The circuit board died which is the brains of the unit.
The next refrigerator I bought was a relatively cheap one, a very simple refrigerator which cost about $500 back in 2016. It still working good.
The simpler the machine, the less likely it will break down. Today, they make things so complex. Maybe, they do it on purpose, so things break faster. This allows them to sell more units.
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Wouldn't that make Trump's Baby Boomer supporters angry? Baby Boomers rely on their saving accounts to pay them a annual return. If interest rates goes into negative territory, you will be charged the negative interest rate per year. So, if rates moved to -2%, you will lose 2% of your balance per year, and it will compound every year at 2%. In year one if you had $50,000, you will have $49,000 after a year, and next year you will have $48,020 in year two, and in year three you will have $47,059.60. The longer you keep your money in the bank, the poorer you get.
In addition to that, this coronavirus will affect Trump's boomer supporters, because it will be fatal to people in that age group.
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@jasontome8050 China and the U.S.S.R. contributed greatly to the Allied war effort during WW2.
More than 480,000 to 700,000 Japanese died in China, and as many as 1.9 million wounded and missing. From July 7, 1937 to Sept 2, 1945.
The Soviets wiped out as many as 5.1 million Axis soldiers from Germany, Italy, Hungary, Romania, Bulgaria, and other Axis allied nations. This was from June 22, 1941 to May 8, 1945.
China never lost to Japan during WW2, and they like the Soviets did contribute to the Allied victory and Axis defeat.
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We have a lot of homeless across the entire country, because the US is a declining empire. When I was growing up in the 1970s and 1980s, homelessness wasn't as visible as it is now. A lot of manufacturing got automated out of existence or got out sourced in the 1980s and 1990s. From the 1970s to the 2000s, programmable computers, microcontrollers, high level computer programming languages, and robotics replaced a lot of blue collared jobs.
As for the remote workers, a lot of them are getting replaced with AI, and their jobs are being outsourced to other countries. With the rapid development of more powerful computers, and artificial intelligence, you are going to see a lot of white collared workers get replaced. Humans aren't going to be replaced entirely, but you will have one white collared worker using AI to do the work of 4 to 7 people. Just like during the 1970s to the 1990s, you had technology enabling one worker with the aid of technology being able to be 5 times more productive. This means, you will need 5 times less people in a factory, plant, cargo vessel, etc. In the system that we have, you cannot have idol workers. If people aren't producing something for a company then YOU ARE OUTTA HERE!!!!!
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@adamgardiner5869 I don't know what we can do to this demagogue legally. As long as the GOP controls the house of reps, and the senate, it will be very difficult to get anything done. The first thing the media could do is to do a media blackout against Trump, don't give him any attention. He seems to indulge in negative publicity. Do a media blackout on people who support him in the alternative media. Those people don't deserve to use a free platform, like Youtube, Facebook, Tweeter, or other social media outlets to have their fake news heard by unsuspecting people. If these people want their Nazi propaganda heard, they can pay for the servers, bandwidth, and host it. Get their members to pay for it. Publicly traded corporations should not enable them to spread their vile propaganda.
Once these people and Trump get complete cut off, they will become irrelevant wither away and die.
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The last time I bought gold, platinum, palladium, and silver was from 2006 to 2012. It's nice to have, but it isn't an investment in anyway. Nice shiny bullion coins, and bars. The only thing that provided large returns for me was buying stocks from 2009 to 2018. By the way, silver and gold isn't money, they are commodities. It is a inflation hedging commodity, so if I bought $50,000 in gold in 2008 then it will have $50,000 in value in 2008 money today. That's all folks.
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This looks interesting. I remember back in the 1980s, we had so many different platforms, like BBC Micro, Commodore 64, Spectrum ZX, Apple ProDOS, Apple Mac OS, MSX, Amtrad CPC, Commodore Amiga, MS-DOS, Fujitsu FM-7, Sharp X68000, etc. None of these were compatible with each other. We need more players, because the PC industry had been stagnant for years.
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@BarkusMuhl companies, corporations, and capitalists in general have different interests than working people.
Capitalists want to capture the global market, so they can increase their profits. Workers only care about keeping their jobs. The corporations have the $$$$$, so they can have the laws changed.
Back when tariffs were high income taxes were very low. In the 1900s, income tax was as low as 5%. That was offset with high tariffs. Today, income tax is 15% Federal and 15% state, so we have pay about 30% in income tax every year. If you are a business, you can pay less than that, because you can write off a lot as business expenses.
If you are a working class stiff, I don't know how you will survive this kind of economic environment. You're still going to pay income tax which is pretty high, you will be hit with tariffs which is just about everything we buy. In addition to inflation spiking up due to the Chinese not buying up our treasuries anymore.
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@Pluscelamemechose There are a lot of factors, like how much you make every month, and what kind of lifestyle you want to live. For me, I experienced extreme poverty back in the late 1980s to the mid 1990s. I never forgot what having a lot of debt did to people after the crash of 1987.
As a result, I had a habit of living below my means. When I buy a new car, I usually get one with the fewest options. It could nice car, like a Mercedes, BMW, Acura, or a Lexus. I usually keep cars for 8 to 10 years. I am making good money now as an engineer, and I typically save about 60% to 80% of my income.
When I was married it was tough, my ex-wife wanted a new car every 2 to 3 years, she wanted a bigger house, a new smartphone every time a new one came out, a Louie Vuitton purse every year, and she spent 100% of her income and she used most of my income. I've been divorced for about 12 years, I paid off all my debts, and pretty much live a simple life. Without debt, you can live a free life. You can work as little as you want, and be content with life.
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@TCP147 There are 4 states of matter. Solid, liquid, gas, and plasma.
Let's say, I have a block of ice when I put it in a pot and turn on the gas, it turns into a liquid. That liquid turns into a gas if the temperature gets high enough.
If I trap this gas and heat it to a high enough temperature, I can turn it into plasma.
The only way I can see people doing something like this is by melting the stone, and reforming it into blocks. If you get stone to a high enough temperature, you can melt stone into lava.
You need a enormous amount of energy to turn stone into molten stone, like 600 °C to 1,300 °C or (1,000 °F to 2,400 °F).
The melting point of copper is about 1,085 °C or 1,984 °F. The melting point of steel is about 1,371 °C or 2,500 °F.
We are talking about stone age people here that didn't have the knowledge of bronze, or iron.
Melting a 300 ton block of stone would take a lot of energy. Just imagine trying to melt a 300 ton block of ice. The temperature has to be high enough to melt it, you need some kind of fuel for that.
What kind of fuel would these people use? Would they use wood? These people didn't have a blast furnace.
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Simon, the BRICS nations can produce most of the important things that most countries need, like oil, LNG, all kinds of minerals(bauxite to platinum), military equipment + munitions(China/Russia), consumer goods(China), chemical fertilizers(China/Russia), communication equipment(China), automobiles(China/India), all kinds of food stuffs(Russia/India/Brazil), etc. There isn't anything that they need from the West. This idea that the world has to depend on the US dollar to survive is false, the West needs resources from other countries to survive.
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A lot of people who become illegal immigrants fly over here, and they over stay their visa. Then, they become undocumented or illegal. That border wall is too damn long, people can find a weak point anywhere along the 1951 miles of the US Mexico border. They can dig a tunnels like they did in San Diego, or breach the weakest point in the wall and get threw. This wall would have to be maintained every single year, like all infrastructure projects.
Donald Trump just wants to pick on Mexicans and Central Americans, because his racist base doesn't like em. He is catering to his uneducated, ignorant, xenophobic, and racist base. This is why Trump said, we have fine people on both sides in the Charlottesville, Va Unit the Right Rally. Neo Nazis, KKK, and other racist types are fine people according to Trumpo. LOL
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@Hazmat Geiger you have more opportunities here than living in most countries around the globe.
A lot of people in the West get themselves into trouble with playing with debt.
People living beyond their means, buying a more expensive car they fiance, getting mortgages for homes that are beyond their budgets, getting loans for expensive universities with easy majors, etc.
You just have to make the right choices to make it. As for me, I don't have a wife or kids. I have zero debt, my home is paid off, no college debt, no car loans, no credit card debts, or any other debts.
If you marry the wrong person, and if they have refuse to live with in their means it leads to all kind of problems. My ex girlfriend thought it was more important to buy a expensive purse than to get her car maintained. Getting her hair done, and going shopping was more important than paying her bills. As a result of trying to please their spouses, some men get home equity loans out of their homes to do this.
Others try to keep up with the Jones, and buy things they can't afford with credit(debt). This is the world we live in. A world with finite resources, and infinite wants. People who envy others, because they have more and trying to emulate that fake reality.
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@user-mu4cz6hc8s You are right on all accounts. Unfortunately, we have a dumbed down population, who don't understand what is really going on. I was thinking about leaving the U S, and my father called me an idiot. He said, this is the best country on the planet, so why would you want to live anywhere else?
The quality of life has gone down a lot in the US in the past 50 years. When you go to the part to relax, you see homeless people taking drugs. You see homeless people laying in the streets, camping near a bus stop, sleeping near the library, etc. Crime is so rampant, people just load up a shopping cart and walk out without paying for it. What kind of quality of life is this?
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@rockycomet4587 Mr. Magatard. Your strong leader Trump delayed the trade war against China, because the Dow Jones went down for a few days? What the hell is wrong with your strong leader? When people hit back, he can't seem to take it. Just like when China struck back with tariffs against US agricultural goods. He was using Twitter and crying to his base that China is hurting the farmers. Hey, he is the one who started it. If you want war, go through it, be a man, stop acting like a child. In real war, if you shoot at your enemy with your assault rifle, they will throw a hand grenade at you, you can call in a mortar barrage, and they will call in close air support, etc. When it happens, you don't go complain about it, like the big baby Trump.
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If you live in the US, you aren't going to get out of the dollar. You have to pay your taxes in dollars, you have to pay your bills in dollars, and you have to buy things in dollars. As for the other countries, they can get out of the dollar if their leaders choose to, and you cannot do anything about it. If other countries want to form alliances with each other to trade with each other, they can.
The fact is, the less influence the dollar has will affect people who are living in the USA. If less and less people are buying US debt then interest rates will go up, and inflation will also keep going up. That's it. If you have something to hedge against inflation, like precious metals, and real estate then good for you. If you don't have assets that appreciate with the inflation then you are going to have a tough time. That's it.
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Poor Finian, if the Trump and the Republicans do that, they will increase the national deficit to a record high. As a result, interest rates will spike, and the rest of the economy will suffer for it. Then, Trump will blame the Federal Reserve Banking system, and say things like the Federal Reserve Bank is not being fair to me. Just like how he complains about the media not being fair to him. The Federal Reserve Bank's job is to adjust interest rates to stop runaway inflation and deflation. Donald Trump is blaming the media for reporting the news which they are suppose to do. The mainstream media is doing their job, and Trump doesn't like them because they are reporting the facts about him. Trump complains about the F.B.I. investigation, because it is directed toward him. This is why Trump is just a big baby, if he does not get his way he whines about it.
You can't just do whatever you want with the monetary policy of a country and not expect consequences for those actions. Bailing out farmers by buying their excess production of goods will be a total waste of money. Agricultural goods have a expiration date, and people can eat so much food in a given amount of time. If the government bought the farmers crops and sold it to the open market, it will cause the price of farm products to drop.This will make it worse for farmers.
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In China, you have 600,000 engineering graduates in a year, and in the USA you have 70,000 to 100,000 engineering graduates in a year. In Russia, you have about 500,000 engineering graduates a year. A country's technological progress depends on the number of scientists and engineers you have in the country. The educational system in the US really sucks when it comes to proficiency in math and science.
When I was going to university back in the mid 1990s, I took a lot of advanced math and science courses, like Physics, Calculus, Differential Equations, Linear Algebra, Number Theory, Chemistry, engineering courses about thermal dynamics, etc. There really weren't that many people taking those courses, and most of the people in those classes were foreigners. I saw people from Taiwan, China, Eastern European countries(Russia, Ukraine, Czech Republics, etc), etc. I didn't see many Americans in those classes.
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@nyquil762 When you have institutional investors from Wall Street funding these Wall Street listed corporations, like Amazon, Best Buys, Target, CVS, Walgreens, etc, they could sell their products at cost or sometimes even below cost. This helped them destroy most of the small and medium sized businesses.
It is like what Uber and Lyft did to the Taxi industry. Many of these independently owned Taxi companies went under. Uber and Lyft got money from Wall Street investors to offer very cheap services. As a result, a lot of these taxi companies went under.
Now that Uber and Lyft have near monopolies, they screw the people that drive for them by increasing their percentage of what they take from the driver, and they charge the passengers more for their services.
This is the same stuff big companies did back in the late 1800s. Hence, they were called ROBBER BARONS.
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We will be living in a multi-polar world. The US dollar didn't have competition before, but now it has real competition. Can you buy stuff with Russian Rubles, Chinese Yuan, or Indian Rupees? Yes, you can buy stuff with it, because those countries produce stuff that other countries need and want. If you want to buy oil, LNG, palladium, lumber, agricultural goods, nitrite based fertilizers, Su-27 jets, parts for combat aircraft, radars, etc you can buy it from Russia with Russian Rubles. If you want to buy clothing, electronic components, electronics , computing devices, ships, toys, refined petroleum products, monitors, televisions, electric vehicles, automobiles, parts for automobiles, etc you can buy it from China with Chinese Yuan. If you want to buy ingredients for medications, spices, sugar, jewelry, agricultural goods, refined petroleum products, granite, etc you can buy it from India with Indian Rupees. If you want to buy crude oil, iron ore, sugar, animal feed, beef, chicken, and other agricultural goods you can buy it from Brazil with Brazilian Reals.
As more countries join the BRICS union, the less they will need the US dollar. Will the US dollar be used? It will, but less of it will be used which will lead to more inflation in the US.
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China isn't the only country importing aluminum, and steel. You have Japan, South Korea, European Union, India, Taiwan, Ukraine, Brazil, Turkey, and others that produce steel and import it to the U.S.A.. China is the largest producer of steel, but if the manufacturers who use steel can't find a cheaper source of steel they will just jack up the prices of good. As a result, Dr. Trump is subsidizing the U.S. steel industry at the expense of American businesses that use these resources and the U.S. consumer who will be negatively affected by this.
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Let me get something clear..... You are doing business in China, so you could get away from paying taxes in the U.S.. You care about your fellow Americans. LOL
You're the hypocrite and liar.
You believe starting a trade war is going to help Americans? You're one stupid fuck. Manufacturing jobs can be sacrificed if it would benefit the rest of the country. I live on West Coast of the USA, and most of the industries we have are either aerospace, computer technology, export/import oriented, medical, robotics, real estate, etc. It would affect us badly.
Most of those so called manufacturing jobs in China are going to other countries, like Vietnam, India, and other countries where labor is less expensive. Those manufacturing jobs are shit jobs.
I don't care of manufacturing jobs, you can find better jobs now. Learn computer programming, and you can get a job that pays $35/hr or more. If you're too stupid to learn it, it is your own damn fault. Learn about computer technology, and you will find a better paying job than working in some factory. You can study and take an exam to be a real estate salesman or a real estate broker. You will make more money than working in a factory.
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@italythroughmyeyes Sorry to hear about your husband. Living in this economy, you really cannot expect any kind of stability. If you expect a stable and happy life, you will get disappointed. For me, I grew up with change, and pretty much witnessed it when I grew up in the 1970s and 1980s. When people fail in business, or lose their jobs. People fall into despair, and they turn to drugs or alcohol. They become self destructive.
The pace of change in the last 40 years has been rapid. From the 1980s, we had a lot of good jobs get automated out of existence with programmable machines. We had a lot of deregulation of the Sherman Anti-Trust Act of 1890 with Reaganomics. This caused big businesses to grow bigger, and a lot of small and medium sized businesses got decimated. In the 1990s to the 2000s, we moved to a service oriented economy with a lot of Mc jobs. From 2009 to the present we have the era of the Gig economy. People get paid very low rates to be independent contractors with smartphone apps.
To make it these days, you have to be pretty multi-faceted. I work 3 part time jobs, 1 as a computer technician, another one as a software developer, and the 3rd as a electronic file clerk. I also do a lot of things on the side, like selling stuff on Ebay/Amazon/Craigslist, doing affiliate stuff, making websites for people, selling computers + computer services, etc. Even by doing all this, I am just getting by. I guess, the more education and skills will make your life easier, but for people who don't will have a very difficult time. I am about 44, but I have to constantly learn new things. I need to learn new programming languages, I need to learn about the new computer technology that is out there, I need to learn about different operating systems, learn about single board computers, learn about new types of micro controllers, learn about the economy, etc.
This is why you have so many dysfunctional families, and substance abuse these days. The difficulty of trying to make ends meet is so much harder now then it was compared to 50 years ago.
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@ Property tax is a percentage of the value of your property, like 1% to 2%.
Property tax for a $120k home is about $1,200/year, and HOI is based on the value of the home. For a $120k home, the HOI is about $1,000/year.
For a $650k/year, 1% of that is $6,500/year, and the HOI is about $4,500 to $5,000/year.
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Hilbert's Inn, they are not a fad. I am not that young, I am about 42, and I lived through the technological transitions. First used Apple II based systems in the early 1980s, used computers that didn't have graphical user interfaces, used Dos and Unix based computers with no GUIs(graphical user interfaces). Computers have caused a lot of disruptions in the 1980s. Programmable robots replaced hundreds of thousands of automotive workers in the 1980s. Most of the factories in the USA are highly automated, they employ a fraction of the people they employed compared to the 1950s.
I work in the computer field, I program devices, computers, controllers, etc. I setup servers, setup the network for offices, etc. Computers are a integral part of the modern world. Information can be accessed in seconds. No need for physical file cabinets. All the information can be accessed in a centralized location or on a cloud network. No need to remember file locations, everything can be sent with a computer entry on a menu. I understand why a lot of older people are against it. It is all a progression of technology. From clay tablets and stylus, paper and ink, printing press, punch card based storage, and magnetic storage devices and programmable computers. Each innovation being more efficient and effective than the last.
The computers, work stations, and servers aren't a fad. They are a integral part of everything now. For example, a nuclear power plant is highly computerized. The traffic network is also computerized. The power grid is computerized. The water infrastructure, like the pumping stations are computerized. Factories and manufacturing plants are computerized and automated.
People using smartphones is not fad, it is actually practical. The smartphone is a communication device to call people, text, and check my emails. It is also video camera, and a digital camera. It is a memo pad. It is a GPS device when I enable navigation. It has internet capability, so I can search for the nearest hotel if I need it. A fad is something like Bitcoin or cryptocurrencies, a thing that doesn't have much utility which is speculated. Something that has utility is not a fad.
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@UneducatedEconomist Manufacturing is comparable to a low end job, like working in a fast food, or retail job. You can say, it is a introductory job.
The point of luring manufacturing jobs in underdeveloped countries is to learn the technology. After that, you can develop your own technology. For example, Japan, Hong Kong, Macao, South Korea, Taiwan, were all in the same place China was in 50 to 73 years ago.
The point is to be able to learn the core technologies, and control the higher end of the manufacturing supply chain. For example, being able to develop jet engines, high microprocessors, the chemicals used to process semi-conductors, metallurgical technologies, etc. After that, you have capital investments from labor intensive investments. Then, you have a consumer based economy. That's the goal. It isn't to be a low end manufacturing country till the end of time.
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Computer technology changed a lot from 1988 to 1999. That is when you had big changes. In 1988, the average person would have a Intel 80286 12 mhzs computer, and in 1999 a Pentium 3 500 or 800 mhz was the norm. From 1989 to 1999, I had the 80386 sx-16, Pentium 100, Pentium 166 MMX, AMD K6-2 350, AMD K6-3 450, Celeron 400A, Pentium 2 400, Pentium 3 550, and a Pentium 3 800. I went through more computers in the 1990s than any other time.
From 2000 to 2005, I had the Pentium 4 1.8, Pentium 4 3.0D, & AMD Athlon 64 3200+. From 2009 to the present, I had the Intel I7-960, Regor 245, Phenom II 945, I7-3570k, and I7-4790. I went through more computers in the 1990s than I did during the last 17 years.
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I owned businesses in the past. As long as you have a product that sells, a distribution network, and a customer base, you can make steady income without debt. If you have a steady revenue, you can budget accordingly. I sold alcohol, tobacco, sodas, gum, candy, coffee, computers, guns, etc.
It is better to have a job when the economy isn't good. I work for others in the computer field. I write software, I build computers, I repair computers, I setup networks, I solve all kinds of computer problems, I scan documents, etc. Nothing wrong with working for others. Doesn't mean you are a slave.
Maybe, you don't understand economics. I studied both macro and micro economics when I was going to university about 22 years ago. If you print money without creating products and services to back up that money, you will have inflation, like Zimbabwe. Professor Wolff is a educated person, you should listen to him.
You want a Communist Revolution?
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@MonicaHolly143 If you live in the USA, and depending on the city you live in, $19,000/year isn't enough money. I live in Los Angeles, and I am a skilled worker with a university degree. Rent here is anywhere from $2500 to $3900/month depending on which part of town you live. As for my rent, it is about $3200/month, and I have 5 part time jobs.
One part time job working as a software developer, another job working as a computer technician, driving for Uber part time, selling stuff on craigslist/ebay, and working as a freelancer making websites/setting up servers.
$19,000/year won't be enough to pay rent in the city that I live in. This idea of most people making enough from one job doesn't cut it anymore. Maybe in my parent's generation, it may have worked.
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Obamacare would work in theory if most young workers bought into it; however, most young workers are part time and temp workers who make very little money.
If most of these young workers who had jobs that paid a living wage and full time positions, they could afford it, and it would bring down the cost. This is not the case now. Most 21 to 35 year old people have a lot of debt from college/university, a portion of them are underemployed. At the same time, the Fed Reserves 0% interest policy drove up the price of real estate and rent prices. A lot of these young people have a lot of debt, jobs that don't pay well, temporary jobs, and sky high rent. On top of that, they are forced to pay health insurance. So, this is why they aren't enrolling in Obamacare.
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eugene bell All Republicans aren't business owners. The Republicans are in opposition to raising the minimum wage. Since most of the jobs were outsourced out of the country due to the Republicans, and now we have a largely service sector economy. Don't you think it would be fair for businesses to pay a living wage in the service sector economy?
I know, I know, there will be a backlash to it. Companies and corporations will try to automate more of their businesses, because they don't want to pay a higher wage. That's all fine and dandy, they would have had to do it sooner or later anyways.
The government should do more to give free housing to people who don't make enough money, and give benefits to working poor people. The government should build up the mass transit system in every major American city, so the average person can get to work without paying car insurance, buying gasoline, and car maintenance. This way, the nation as a whole would benefit.
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That is true. I was really poor in my teenage years, and I was so poor in fact I couldn't even afford to buy shoes. Some people are stronger I mean mentally, so they can take a lot of hardships. Ever since I lost my business about 4 years ago, I work pretty hard now. I work 3 part time jobs, and I work about 65 hrs per week. I make about $65,000/year, and before I made about $200,000+/year. A lot of people who go through devastating circumstances just lose it, people like that do crazy things like mass shootings or commit suicide.
I just have a positive attitude no matter what kind of circumstances I am in, and I always find away. I always live within my means, because I did live a life of extreme austerity in my teenage years to my twenties.
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David Walsh
We live in a world where you have fierce global competition. These big corporations want to maximize their profits, like Dr. Wolff said. As a result, peoples wages go down, and the people in the developed world are not needed.
In addition to this, you have technology replacing many jobs. Most manufacturing plants and factories in the USA use a lot of automation technology and computers. Not only that, you have computer programming replacing jobs. You have speech recognition software which can take jobs of most customer service reps, & dictation services. You have translation software which can replace a lot of translators. You have smartphones which have translation software, speech recognition software, and navigation. You don't tour guides anymore. You have kiosks in movie theaters and airports which took the jobs of ticketing booth people. You see what I mean. People just aren't needed.
As for the jobs that are being created, they require a high degree of education and skill. You need to go to university. In addition, almost every job requires a university degree now. People have to get into a lot of debt to get a job that doesn't pay much.
The problems steam from too many people, too much competition, free trade policies, and technology. All contributing to poverty and unemployment.
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@sjay67 No one wants nuclear war. If you think you can get regime change in Russia or China, you are sadly mistaken. If you push these despots into a corner, they will use nuclear weapons. I guarantee it.
It isn't going to be like Iraq, Syria, or Libya. Pushing around little countries without nuclear weapons is one thing, but pushing a country that has nuclear warheads, nuclear submarines, ICBMs, tactical nuclear weapons, bombers, and hypersonic missile is another thing.
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Maxwell Montgomery, it costs money to buy bandwidth, hard drive storage on the cloud, electricity, servers, staff to maintain the servers, and other costs associated with running your own website. Most websites don't host all their videos, because it costs a lot of money to do so. They usually link videos to free platforms, like Youtube, because it is free. Youtube has been losing money for years. Alex Jones will not be able to post as much content as he did before, because hosting your own servers and all the costs associated with it, buying the bandwidth, or renting servers from another company is rather expensive.
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@sscaliosas80s It depends on the company. If it is a large company, like Google, Amazon, Microsoft, Intel, Lockheed Martin, Chase, General Dynamics, etc, they will want to hire the best people. Big companies like that are going to want to see your academic achievements in school. If you work for one of these large corporations, they will squeeze you. In other words, they will try to get their money's worth out of you. They are expecting results, and high productivity. If you cannot offer that then you are out of luck.
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Kosh 963, there are billions of hungry people in the world who will work for $6.00 a day. Products from China are hit with tariffs. No problem. China will export their goods to countries that haven't been hit by tariffs, like Vietnam, Thailand, South Africa, Indonesia, etc. Re label the brand was made in those countries instead of China, and ship it to the U.S. to avoid tariffs.
As a matter of fact, China is no longer the cheapest place on the planet to manufacture stuff. It costs much less to make stuff in Nepal, India, Vietnam, Sri Lanka, parts of Africa, etc. If you want Trump to give you a factory job assembly widgets, I have news for you. It ain't happening. You can get much better jobs now. You can get a job as a computer programmer, working in an office, working in the information technology field, being a mechanic, working for the government, etc.
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We have a lot of manufacturing in the USA, but a lot of manufacturing plants that produce stuff, like cans of Coca-cola, canned goods, small parts, automotive engines, many types of consumer goods, etc. The more labor incentive industries, like textiles, soldering circuit boards, and others were shipping overseas due to lower costs. Also highly skilled jobs that are required to build stuff, like jet engines, aircraft carriers, nuclear submarines, manufacturing machinery, internal combustion engines, commercial aircraft, military aircraft, helicopters, predator drones, and other big ticked items are still produced in the USA.
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I had the first Athlon XP based computer back in 2001, there were some problems with it. The chipset wasn't very stable. I did have AMD products before this, like a AMD K6-2 350 MHz, and AMD K6-3 450 MHz, but those products didn't offer the performance of a Pentium 2 or 3. I changed to a Pentium 2, and Pentium 3 in 1998 and 1999. I tried a Athlon XP, but it wasn't very stable and crashed a lot for some reason. Then, I changed to Penitum 4 1.8 GHz .
The last AMD product I used was in 2009, and it was AMD Phenom II 945 Denab, and I switched to a Intel I7-960. After that I just used Intel products ever since. A lot of people are saying AMD stuff is better now, and when I have to get a new computer next time it will be a AMD product.
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huntlywestside, you don't know anything about farming or the economy. The profit margins are small, like 2 to 3%. Farmers need to buy a lot of things, like tractors, harvesters, seeds, chemical fertilizers, pesticides, etc. They have to borrow money to buy these things. If they have a bad season, they can go bankrupt just like that.
We will see what happens in a year that's it. I am 100% sure, this economy will crash.
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@basook6116 What Trump is doing with levying tariffs on everyone is going to only accelerate the decline of the US dollar.
The way it worked before was like this.....
Other countries would trade with the USA, and the US didn't have a lot of trade barriers, because the USA had the world reserve currency. During World War 2, it was agreed through the Bretton Woods Agreement signed in July 1944, the become the world reserve currency with having a fixed value of $35/ounce of gold.
After all, the US won World War 2. From 1945 to the present tariffs were replaced with income tax more and more. The situation we have today is very complicated, and I don't think Trump is smart enough to understand what could happen due to his reckless actions. If tariffs are increased, it will put another burden on the average American who are already heavily taxed with income tax. Putting tariffs on top of that would be too much, and it could put a serious strain on the economy.
In addition to that, there is no need for countries that traded with the USA to buy treasuries when tariffs are being levied on them. As a result, interest rates will go up, and they try to suppress it by artificially lower interest rates without having other countries buy US treasury bonds will only cause inflation to spike. That would put more burden on the average American who is already heavily in debt. Something is going to break in the future.
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@basook6116 Trump is really an anomaly, he isn't qualified to be president. He wasn't even qualified to be a business leader, because most of the businesses he ran went bankrupt. I have a feeling when this Trump presidency ends in 2020, or 2024, he will do more damage than any other president in the history of the USA. A lot of countries are decoupling from the US dollar. The people who get hurt from the fallout will be Trump's hardcore supporters, most of whom aren't well educated.
I don't think it will take China that many years to catch up to the US technologically. The educational system we have in the U.S. is a joke. The educational system has been neglected and has been in a state of decline for decades. China is graduating more engineers, and scientists than the USA. Trump's pathetic attempts to try to stop China is what it is, it is just form of desperation. The writing is on the wall. If China, Russia, or India decouple from the dollar, there is no way the US is going to start a war with any of those countries. The US is good at fighting wars against smaller nations, like Iraq. I don't think the US is equipped to fight large countries with large armies and nuclear weapons.
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@basook6116 Like all empires in the past that behaved in this manner all fell by the waste bin of history. The collapse of any civilization happens from within, and those fracture eventually leads to collapse. It happened many times in history. In order for you to have a strong country, everything within the country should be strong, like the educational system, the infrastructure, the economy, culture, scientific achievements, etc. The U.S. may think they can dominate the world forever with their aircraft carriers, but technology always changes. Just like the Roman legion became less effective against the cavalry armies of the Goths and Huns in the 4th century. Some engineer or scientist will figure out how to make a ballistic or hypersonic cruise missile to take out a aircraft carrier.
During the 1st Gulf War, the US had a technology edge when it faced off against Iraq. In the present, US armored forces have no such advantage. Most major powers have thermal optics, night vision, GPS, sophisticated tanks with advance fire control systems, advance radar on aircraft, advanced ground based radar, electronic warfare equipment, and everything the US has. If all out war breaks out, the only thing that will matter is who can produce more. If China or Russia could produce 15 main battle tanks for 1 Abrams tank the US can produce. It doesn't take a rocket scientist to know who is going to win. Sure, the Abrams tank might be a little better, but tanks aren't invincible. Tanks have weak spots, the sides and the rear of any tank has less armor. China and Russia might lose 3 to 4 tanks for every Abrams they take out. Just like in World War 2, the Nazis had better tanks than the allies. The Soviets and the Americans could produce 20 tanks for every Tiger or Panther tank the Germans could produce. Eventually the allies won that conflict.
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@dragonore2009 We don't produce surgical masks here, because it isn't profitable to do so. It doesn't have anything to do with government regulations. It just has to do with the cost of producing it overseas is much less expensive than producing it here. You do have regulations in more advanced countries, like the U.S.A., E.U., Canada, Australia, and other developed economies. We have environmental protection laws to prevent companies from dumping toxic waste into the environment. That does add to the cost of doing business here.
Are you saying , we should get rid of all regulations, so we can have a purely free market economy? If that is true then anyone with money should be able any weapon from land mines to combat aircraft. You can't freely buy narcotics, and sell it to private parties. If we had a truly free market economy then there should be no restrictions, and no country in this world is like that. Just because you have a lot of money doesn't mean you can buy a main battle tank and drive it on the street. Women should be able to prostitute themselves for money. We should just get rid of the child labor laws, abolish the minimum wage, and do away with all the protections that people fought for. A truly free market system simply doesn't work, it would lead to anarchy.
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@shobvious Capitalism leads to monopolies, I'll give you some examples. Back in the 1920s to the 1960s, you had a lot more automobile manufacturers than you have now. You had Studebaker, Hudson Motor Co., Packard Motor Co., Crosley Motors, Kaiser-Frazer Corp, Tucker, Nash Kelvinator Corp, etc. Now you have Ford, GM, & Chrysler-Fiat. Companies merge, and larger corporation buy out smaller competitors.
Back in the 1980s, you had a lot of different computer manufacturers, like Atari, Commodore, Radio Shack, Tandon, Texas Instruments, Zenith, RCA, Leading Edge, Packard Bell, e-Machines, Gateway, Everex, General Electric, Amstrad, Hyundai, Compaq, Leading Technology, CompuAdd, Bell & Howell, Sinclair, Elonex, Mitsubishi, Philips, Xerox, and many more with their own operating systems. Fast forward 30 to 40 years, you have Apple, Hewlett Packard, Dell, Asus, and Acer that manufacture whole computers. On the parts side, you have AMD and Intel that make the CPUs/processors. On the operating system side, you have Microsoft that dominates this aspect of the PC business. We do have other operating systems, like Linux, but not many people use them to software limitations.
Capitalism will lead to mergers, and monopolies. This is why we have monopolies now. It takes a lot of capital investment, and know how to start a car business, a brewery, silicon wafer foundry, etc. You can say the same about land, you have big corporations with a lot of money, like McDonalds that bought up a lot of land. You have hedge funds that bought up a lot of land and caused the price of real estate to go up. Again that is another example of a monopoly.
Lobbies are part of the capitalist system, companies make money, and they pay politicians to do their bidding. It was that way in the 18th century, 19th century, 20th century, and the 21st century. You will continue to get screwed by the people who have the money, and power who will use their wealth to get an advantage. It has always been that way in the capitalism, and it will not change.
Most people will buy from Amazon corporation, because they offer very inexpensive products. They will continue to drive Uber, because they offer very cheap fares. Many Americans will continue to shop at Walmart, because they offer competitive prices. You can complain about all you want, but you aren't going to change it. In capitalism, people vote with their money. I don't care if you believe in mom and pop businesses, most people will not go to them because they don't offer the best prices.
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@shobvious From what I can see, the government is doing everything to keep these large corporations alive. These corporations aren't sharing their profits with the public, yet the public is forced to bail them out.
As for Amazon, it is largely funded by people who buy Amazon stock. The same with Tesla, Facebook, and others. If the Dow Jones tanked to 5000 points, Amazon, Tesla, Facebook, Uber, Lyft, and others will probably go under. A lot of 401ks, private pensions, and mutual funds would also go under. A lot of public pensions will be affected negatively as well. This is why Amazon, and Tesla don't make any profit. They get people to believe in the hype to give them liquidity. A massive implosion in the stock market will expose this illusion of false prosperity.
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@MrAnonymousRandom If investment firms decide to put all their money into buying up real estate then that will push up the price of real estate. Since Wall Street has most of the money in the economy, the can buy up most of the real estate pushing the price up artificially. As a result, regular people suffer as a result. People who don't make enough get pushed out of the area, or they end up in the streets. This is why we are seeing a surge of homelessness in cities, like Los Angeles, San Francisco, New York City, and other cities.
You are saying capitalism doesn't have problems? Capitalism and socialism both have problems. In the end, if the price of real estate rise at a level where it cannot keep up with wages then we have a big real estate bubble. We have a bubble in other parts of the economy, like the equities market inflated by artificially low interest rates for the past 11 years. When it does pop, like it did in 2008, these guys on Wall Street will get bailed out again, right? Because they have all the right connections in Washington DC. LOL
This idea that capitalism is perfect is BS.
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I live in the US, and I just have one part time job, and I do other things on the side, like buy bonds and collect interest on it, buy and sell stocks, e-commerce, make furniture, make electronic devices, social media, etc. Even with all these things, my income is a lot less than what I made from one full time job.
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The U.S. armed forces didn't take an oath on the president, the members of the U.S. armed forces took an oath on the constitution of the United States of America. If Trump violates the constitution, the armed forces will not defend Trump. The U.S. armed forces, the F.B.I, the C.I.A., I.R.S., U.S. Marshals, B.A.T.F., D.E.A., & the N.S.A. are part of the Federal government. You idiots can do something stupid, most of you will end up in rotting in a Federal prison working for 10 cents a hour for the 30 years of your life.
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Zeihan doesn't know anything, he just makes stuff up. This idea China is going to go down because of demography is false. We have technologies that will replace millions of jobs in the near future, like AI, and automation. The CEO of Nvidia Jensen Huang said, “everyone can be a programmer". What he is implying is, you will be able to tell the computer what you want it to do with simple English. You don't have to learn programming languages to do that in the future. One of my friends back in university was a computer science major, and he told me in the future people will not have to learn programming languages. I said why? He said, because computers will be able to understand human language. He also said, computer programming is basically about telling the computer what you want it to do. We will have robots, and robots can be trained with AI by demonstrating what you want it to do, like you would do with a human worker.
If and when that happens, you will not need to have 5,000 people in a company. You will be able to get the work of 10 to 15 people done with one person, so that labor for will be more like 333 to 500 people. If you don't think big corporations in the U S and other countries won't employ this technology to replace millions of people then you don't understand how corporations work. Corporations exist to be efficient. Efficient in the way of employing technology, machinery, and equipment to increase profitability. All this population growth will be a burden on the economy, because you will have millions of people who aren't contributing to the economy, because they are redundant. It will drain the social security system, state resources, municipal resources, and the national economy.
It isn't about having a huge population, it is about having a highly educated, and highly skilled work force which is more productive than having tons of people.
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@DV-dt9sq Everyone reverse engineers everything, it is no big deal. It applies with any machine. The first gas operated machine gun was invented by Hiram Maxim, the principles of Mr. Maxim's gas operated machine gun was applied to make the Browning Automatic rifle, the Lewis machine gun, Mg-34 machine gun, M2 Browning heavy machine gun, Degtyaryov machine gun, the Bren gun, VZ-26, the Ak-47, the M-16A1, etc. Just imagine if some asshole put a copyright on paper, and no one can make paper without paying licensing fees. There isn't anything wrong with copying, engineers do it all the time. Samsung roughly copied the Iphone, and made the Samsung Galaxy line of smartphones.
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I am like that guy, but I am 13 years older in the first part of the video. I have substantial amount of savings, a home, vehicle, and other assets. I have very low emotional intelligence, and I neglected having relationships with women. I did have relationships with women, but I didn't invest much time on it. As a result, I am not married at 49.
If you weren't successful man, and didn't get married then you are very unfortunate. I stopped going to social events, because everyone had partners. It seems awkward to go to these events by myself. These men in their early 30s and early 40s aren't in such a bad spot, they still have time.
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@joshlewis575 Like I said, the biggest real estate investors in China are investors from outside of mainland China, like Taiwan, Hong Kong, Western countries, etc. They are wealthy Chinese multi millionaires and Chinese billionaires who have more money than they know what to do with it.
As for the ordinary Chinese people who paid for those homes, the government will bail them out. It won't all be done in one year, it will take a few years to write off these debts.
Besides, they don't have a highly financialized where the economy is highly dependent on asset appreciation and collecting rent.
Another thing, you cannot own land in mainland China, all the land is owned by the government(People). You can only get leases for that land, those leases are for 30 years to 70 years.
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There is no alternative for those chips, so if a 500% tariff is put on those items. Companies will pay it, because they need them to produce smartphones, computers, microcontrollers, industrial computers, single board computers, routers, network equipment, video game consoles, and other electronics.
The only thing this is going to do is make your smartphones, computers, and electronics more expensive.
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@elhugeo The cost of rent, real estate, and the cost of living is just much higher in the US and other Western countries. You can produce all your stuff in the US, no one said you can't. If you did that, most people couldn't afford to buy a computer, smartphone, smart television, etc. Since the cost of labor is , like 4 to 10 times higher in the US compared to other countries, you will pay $4000 to $6000 for a smartphone, $4000 to $5000 for a computer, $2000 for a 55" smart tv, etc.
You won't be able to export that to any other country, because most countries couldn't afford to pay those inflated prices.
You aren't really exceptional, you are actually pretty pathetic.
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@marknunya3107 That's why they are transitioning into a consumer based economy from a export based one.
Back in the 1950s to the 1980s, the Japanese economy was a exported oriented economy. South Korea, Taiwan, Hong Kong, and Singapore were exported oriented economies. Most of those countries have a big consumer based economy.
They transitioned from a labor intensive economy to a capital intensive economy. In order words, they invested in machines and automated processes to increase industrial output. They put more money into research and development to acquire core technologies.
Manufacturing and a exported oriented economy is a stepping stone to an advanced economy. Once, you control the core technologies, you don't have to be a manufacturing power. Most of the inputs that go into the manufacturing process, like the key components, like jet engines, chemical compounds, semiconductor chips, solar cells, engines, ballpoint tips, etc can be sold to the manufacturing country.
Most of the profits isn't in manufacturing. The companies that make the key components make the lion share of the profits. That's why China is investing money, and research to develop core technologies, like jet engines, solar cells, lithium batteries, other kinds of batteries, semiconductors, rockets for space shuttles, composite materials, alloys, chemical compounds, etc.
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Brad Christy, I hardly make any money doing just one thing. I have to do a number of things to make enough money to pay the bills. I have to sell real estate on the weekends, I have to buy and sell things on ebay, Amazon, and other sites. The only thing that is getting me through is the savings from the money I made 6 years ago in my previous business. I am not really highly motivated, I am pretty lazy, I don't care about money, and I try to do the bare minimum. I am not even married and have any children. People want to live to enjoy their lives, and I am enjoying my life by doing the bare minimum. LOL
My uncle is a MD and 60% of his patients are Medicare patients, and the rest use some kind of insurance. I work part time at in the hospital, and most of the payments we process are Medicare patients. You don't even work for the healthcare industry, so stop making up stuff.
Jewish people have different philosophies. Some believe in capitalism, others believe in socialism, and you can't just put a entire group of people into one basket and say they are like this or that.
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@helengarrett6378 Privatization was introduced back in the 1980s with the Reagan administration, and it has been a disaster. Look at the problems we are having now, like private prisons, private military companies, privatized roads/bridges/ports/airports, privatized railroads, privatized public utilities, etc.
Capitalist entities only care about making profits, so if they get a hold of let's say a power plant, they will artificially try to create a shortage and jack up the rates. They did this in California when California had an electricity crisis in 2000 to 2001. Power companies created a shortage to rip off the public. You had the Texas power crisis of 2021, the power companies in Texas jacked up the rates to the point that people couldn't afford it.
Look at the railway accidents we are having now, trains carrying toxic chemicals that get derailed, because greedy corporations find it more profitable to use hundreds of train carts which makes it more unsafe. It is more profitable to transport more carts on a single train, but more train carts makes it more difficult to stop and more prone to accidents.
You have private corporations and companies that collect tolls on roads, bridges, ports, and other vital infrastructure. They keep raising the rates every year, give most of those profits to the administration of those companies, but don't invest much of the money in maintaining and improving the infrastructure.
Private companies should not be able to monopolize things that can be monopolized. A road being monopolized? Everyone has to use that road. Water being monopolized?
No one can monopolize a bakery, a store that sells stuff, a company that makes toys, a company that makes clothes, a company that makes electronics, etc. Why? Because anyone can do it.
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@eiyukabe We do live in a real life monopoly game. If you don't own your home, you have to rent to someone else. If you own a small shop, you have to pay rent to the landlord. I heard in places like San Fransisco, the commercial rent was so expensive, people couldn't keep shops open. In cities all over the country, you have gentrification which causes rents to go up. As a result, lower income tenants get priced out of those areas. If you own all the means of production, and if you have enough money you can drive your competitors out of business. Look at the Walmarts, CVSs, and other chain stores. They get money from investors, mutual funds, pension funds, and others. These corporations use money from investors and drive all their small competitors out of business. Since it isn't their money, they can operate these businesses at a loss; after all, it isn't their money. Look Tesla and Amazon, they aren't even making a profit, yet they can operate with money institutional funds, like investment houses, pension funds, mutual funds, 401ks, and people who buy their stocks.
It is the middle class who give their money to these mutual funds, pension funds, and 401ks which enable these large corporations to do what they do. If the middle class lose their jobs to outsourcing, automation, etc, it is their fault for funding the beast.
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@eiyukabe Middle class people shop in the Amazon, Walmarts, CVS pharmacies, Walgreens, Sam's Clubs, Best Buys, and other corporate retail outlets, yet they complain about how badly they treat their employees and how they pay them very low wages. That is the hypocrisy and paradox which is apparent. I don't have any faith in the people. A lot of these morons vote for people like Trump, and believe he will do something for them. I tend to be cynical and a nihilist, I just try to do what I can to survive. These social issues will never ever get solved, and it is apparent we will have a two tier society. Where you have a few very rich people, and a lot of poor people.
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David Collins, I can't really say everyone who voted for Trump were deplorables. Some believed Trump could bring back their jobs even if that is 100% impossible at this point in history. Others were affected in a very negative way by outsourcing of jobs. We cannot go back in time. If any company or corporation believes they can produce items here and sell it in the international market, they are sadly mistaken. These corporations have to compete in a global market. Let's say you produce a computer for about $1000, and you try to sell it in another country. At the same time, you can produce that same computer for $200 to $300 in India, Thailand, Vietnam, or China, the company that produces the computer for 3 times less will have a competitive edge.
No one is going to buy your products because it is made in the USA, and other companies abroad are using foreign suppliers and assemblers to make their products. This would put American companies at a severe disadvantage.
Another thing, Donald J. Trump owes a ton of money to Goldman Sachs and other interests. These were the people who helped bring down the economy back in 2008. If you think Trump will change your life for the better, you are sadly mistaken.
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As for SBCs, I transitioned to the Orange Pi, and Banana Pi platforms. I turn them into remote control cars, drones, NAS servers, retro gaming machines, and as microcontrollers. I did successfully turn a Orange Pi 4 into a mini PC, it could stream videos, browse the internet, online shopping, email, word processing, retro gaming, streaming video, etc.
As for emulation, I use a SFF computer hooked up to my television. SFF computers has more power than any SBC, so it is the best choice for retro gaming up to a Nintendo GameCube.
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If all the we used was made in the USA, most people couldn't afford it. If a smartphone cost $5000, how many people could afford to buy it? If a computer cost $6000, how many people could afford it? People make a living off of using their smartphones, automobiles, drones, and computers to write software, edit videos, develop websites, writing articles on websites, post stuff on social media, take videos, take photos, ride share, make music, edit photography, etc.
The money people make from doing stuff on their automobiles, computers, drones, smartphones, digital cameras, etc. I am an engineer, and I can tell you honestly that most of the factory and manufacturing jobs that people had in the 1970s were replaced with programmable micro controllers. This is why a 4 year university education is important in today's society. If you don't have at least that, your future is being a serf for the rest of your life being a slave making less than minimum wage on these Gig platforms.
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@itsallminor6133 I am an engineer myself. I went to university back in the mid 1990s, and 90% of the students in my class were foreign students. Very few American university students majored in physical sciences, or engineering. Most of em majored in easier subjects, like sociology, foreign affairs, liberal arts, and other easy majors.
Most of the people I met were from the former USSR, China, Eastern European countries, India, Middle East, and other parts of Asia.
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@dallastaylor5479 I don't care if they learn or not. If they refuse to learn from it then they will just shorten their lives, or lose everything and end up like millions of people who live on the sidewalk in a tent. We live in a capitalist system, you have the freedom to do what you want. If you went to high school and fucked around, didn't study hard, you didn't get good grades, and didn't go to college to become a professional of some sort. I guess your life would be a permanent state of part time, temporary, Gig jobs, with no future and low pay.
Like I said the people can choose whatever they want. In capitalism, if you fuck up, you will end up like the millions of people who end up homeless or work hard and go nowhere in life.
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@jackmcslay People like to blame others when they are suffering economic misfortunes. This economy has not recovered for most people since 2008. Unless, you were heavily involved in the equities/stock market, real estate, or asset markets, most people regressed economically. The wages of most people remained stagnant while prices for everything we need and want went up due to inflation.
I can understand peoples frustration, and why they would vote for someone like Trump. After all, Trump told the people what they wanted to hear, and after he got into office he doesn't care anymore. The lives of most people will continue to decline, and be more indebted. Indebted, because their wages will not keep up with inflation, so they need to debt and credit to buy the necessities of life.
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Saving money is a joke, because we have inflation year. Putting it in the bank is doesn't yield much, the bank pays like 0.5%. This is why people are putting their money into risky and speculative assets, like stocks, real estate, stuff like bitcoins, and other assets. If you buy the wrong stocks, you can lose money. In one end, inflation is eating our savings, so they want us to gamble it. If you gamble, you can lose your money even faster than inflation. There is no way out!!!!
I play the stock market if I have extra money, and I do a lot of side businesses with the skills that I have. In addition to regular part time jobs. This is the economy we live in!
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Uber doesn't need to take risks, they are getting their no matter what. They can increase their fees, and lower their prices anytime they want. The Uber driver is the one who is doing all the work, taking the risks, using their vehicles, maintaining their own vehicles, and paying all the other expenses associated with running the operation. Depending on the rates you get paid, it may or not be profitable. If Uber is taking a bigger cut, and lowering the prices to be more competitive, the Uber driver is taking a hit. Uber couldn't care less, they getting their share no matter what.
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The reason why American politicians are focusing on China, Russia, and other countries is because the US has a lot of internal problems. Systemic problems, like high rates of inflation, a decaying infrastructure due to insufficient funding, the commodification of the real estate(Making it next to impossible for regular people to buy homes), high level of debt public and private, high levels of crime, underemployment, etc. These problems can be fixed, but the politicians at the national level are more interested in creating on looking outside of their country to deflect the problems that exist here.
Sending billions of dollars in weaponry to far away lands, building more weapons to prepare for a war with China, and sanctioning other countries that don't agree with US policies. The USSR collapsed, because it too was too focused on building weapons, weapons, and more weapons. As a result, the economy in the USSR collapsed, and you had a failed state. You had rampant inflation, because not enough consumer goods were produced. You had long lines where people had to wait to buy basic consumer goods. We see this going on now in the USA. Historically, states and empires that are in a terminal state of decline always focus their energies on external enemies, scapegoating, have a bloated and corrupt bureaucracy. All of these things only accelerates the decline of an empire. We will see what happens to the US in the next 10 years.
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@indricotherium4802 It is all leading to monopolization. Back in the 1980s, they got most people in corporate America to put their money into mutual funds, 401ks, etc. Big Wall Street institutions used that money to make create mega corporations, like the Walmarts, and other chain stores. These entities, destroyed small and medium sized businesses. The people that got displaced are working for these corporate chain stores making low wages. Now, they have a monopoly.
They did to the taxi industry with rideshare corporations, like Uber and Lyft. Now, these rideshare companies pay their contractors poorly, and they charge high fees to their customers.
Karl Marx did say capitalism will lead to the creation of monopolies. "Marx predicted that as capitalism developed, a small number of powerful monopolies would drive many enterprises out of business."
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China will not help the US by buying US treasury bonds, like they did in 2008. As a result, we will just see higher inflation, higher interest rates, and this will result in more unemployment and crime. We will see more job loss as a result of US companies losing access to the Chinese markets. More chip bans means, companies, like Nvidia, AMD, Intel, Qualcomm, and others can't sell their chips to the largest chip market in the world. As a result of losing those markets, it will result in more layoffs, and less money being spend on research and development.
We are paying higher prices due to the tariffs, we are paying higher prices due to labor shortages, higher prices due to too much money printing, higher prices to service debt, and higher prices on mortgages and car notes due to higher interest rates. On top of that, we still have to pay income tax which hasn't gone down. The trade off in the past 78 years was tariffs going down, while income taxes went up to make up for it. Now, we have to pay high tariffs and high income tax, and this will crush the middle class.
The US can print money and put it in the equities markets, but if people aren't buying US debt there will be consequences for doing this. It will cause more inflation, and if it goes out of control it will cause run away inflation.
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markmeson, there you go making up shit again. 200 million people did not vote for Trump. There you pulling stuff out your ass again, like Rush Limbaugh Alex Jones. 62,984,825 voted for Trump in 2016, and 65,853,516 voted for Hillary Clinton. Trump won the electoral votes. You are so fucking stupid.
You want Trump to give you a factory job, because I know you are too damn stupid to do any other kind of job that requires intelligence. Sorry to break it to you, most of those factory jobs are highly automated. Unless you have a degree in computer science, engineering, or technology your aren't really needed.
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@dano3952 The more serious issues most people face in the immediate future is losing your job to a machine or artificial intelligence. I focus my attention on how I can find a way to make a living in 2 to 5 years from now.
It is clear that with the rise of smarter machines, and artificial intelligence most people aren't simply aren't needed.
Instead of wasting your time on things you can't do anything about, like these people who rule the world. People who have lots of assets and money rule countries, and there isn't anything you can do about it. If people who manage, and own corporations decide to replace with a piece of software or a machine, they can. It's called capitalism and free enterprise.
I was into conspiracy theories back in 2006, 2007, and 2008. I found it to be a big waste of time. I regret wasting my time on those topics. I just find them to be distractions. These days, I just focus on what I can do to survive, like learning about artificial intelligence, and how to start a business with the current technologies.
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@brad0805 Most of the stuff that was outsourced was the non essential industries. The very labor intensive stuff very few people would do here, like sowing clothes. You do have them here in the US, and they are called sweatshops hiring undocumented workers.
All the essential industries were kept at home. You don't understand how this works..... We give all the unimportant manufacturing stuff to developing countries. In turn, they buy our Boeing 707s, 727s, 747s, etc. They import stuff, like wheat, cotton, lumber, coal, oil, chemical fertilizers, etc. They import, howitzers, 155mm shells, mortars, small arms, high explosives, military aircraft, etc. That's how it works.
In addition to that, the banking industry loans money to these developing countries, and everyone gets a piece. It's called free trade.
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We still have a lot of manufacturing in the USA. Countries all over the world buy a lot of stuff from the USA, like chips, manufacturing machinery, jet engines, aircraft, cars, trucks, helicopters, air frames, and other key components for machinery. China imported more than $200 billion worth of China from the USA alone, like Intel, Nvidia, AMD, Qualcomm, and other chips in 2022.
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The Russians are still able to get these chips. You have trade between China and Russia, and China produces legacy chips which are used in military vehicles, automobiles, microcontrollers, guided missiles, etc. The types of chips China can't produce that well are CISC based chips for desktop computers, laptop computers, servers, and workstations. China can produce CISC chips, but they aren't very good. As for legacy chips which are used in just about everything China can produce this stuff, they produce RISC processors that go into single board computers, washing machines, smart TVs, programmable microcontrollers, retro video game consoles, automobiles, etc.
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I don't think the US is capable of competing with a major power, like China. This is why they are using dirty tactics, like sanctions. Instead of working harder and competing with China, they are banning Chinese products, so they cannot compete with US products.
Instead of focusing on the US by building up infrastructure, maintaining the existing infrastructure which is falling apart, investing in education, putting billions of dollars into R&D, the US government is doing everything they can to hinder China's development.
Back in the 1980s, the US imposed all kinds of tariffs and sanctions against Japanese chip companies, Japanese automotive companies, and other Japanese firms. There was a lot of anti-Japanese sentiment, like there is a lot of anti-Chinese sentiment today.
The US is wasting hundreds of billions and have wasted trillions of dollars in wars, like Afghanistan, and Iraq which it did not win. The US currently has wasted 1/4 of a trillion dollars in Ukraine by providing arms to that country in a war that cannot be won. Trillions of dollars had been spent on wars, while the US government neglected its own people. The US didn't invest in its own people by improving the lives of people by playing the game of geopolitics and world empire. This is why empires in history fell, and the US is no exception to this rule.
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Unlike the U S, China's economy doesn't depend on asset inflation and debt. The Chinese economy is more diversified, and it doesn't depend on financing debt. The U S economy is highly financialized. You have all kinds of debts in the U S, like student loans, car loans, mortgages, credit cards, refinancing debt, payday loans, buying equities on margin, etc.
If the equities markets or the real estate market crashes in the U S then the economy will go into a severe economic downturn. The pillars of the U S economy is based on asset inflation which was caused by financing debt. Without mortgages, the real estate market would collapse. Without credit cards, the retail industry would collapse. Without car loans, the auto industry would collapse. Without student loan debts, colleges and universities would have to lay people off.
China produces things the world wants and needs, and this why why Chinese economy will not collapse. China also has a very large population, so most of what is produced in China can be absorbed in the Chinese economy.
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miragexl007, there won't be big payoffs, it will only lead to a acceleration of jobs being outsourced out of the United States. If you believe a company like Apple can move all the production back to the USA where the cost of labor is 20 to 40 times more than other developing countries and be able to export their goods, you are an idiot. If you produce a Iphone here, it would cost anywhere from $2000 to $3000 or more. Very few people could afford it, and at those prices you won't be able to export it and sell it. In addition to the high cost of production, Apple would have to pay tariffs which would increase the cost even more.
This outsourcing stuff and increasing automation of manufacturing plants was going to happen sooner or later. It will just happen faster pace now. At the same time, the foreigners who bought real estate, stocks, and treasury bonds will move their money out of the country. The stock market will crash, real estate prices will go down, and the people who relied on those investments for their pensions and 401ks will be left out high and dry. Those 401ks and pensions will suddenly give you checks which are less than what you were receiving. Those old folks will get affected.
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@Intranetusa You have to count the inflation from 2020 to 2024. The inflation compounded a lot from 2020. In some years, it was as high as 8% and 10%.
Prices really have not come down when it came to necessities, like food, energy, vehicles, medical care, wages, etc.
In Japan, people don't spend a lot of money, so even with near zero % interest rates, inflation was relatively low.
When the US started to hike interest rates, this made the US dollar stronger, and moved a lot of dollars to treasury bonds. This is bad for a country like Japan. It weakens the Yen, and Japan is a country that imports most of raw materials and energy.
In the US, people have a lot of payments. I did my best to get rid of payments throughout the years. Inflation and job loss can be devastating for most people here. They have no savings to depend on.
I am in my late 40s, and companies don't really like to keep people that are in their mid to late 40s. They want younger people that get paid less, because they are just starting out. When you reach your mid 40s, it is time to start a business.
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@OMGAnotherday It is what it is. Globalism means no rights for workers, and it was used by capitalists to destroy the power of labor unions. As a result, workers have no rights. Everything you do is just temporary unless you are a public servant, like a fireman, policeman, or someone who works for the government. Those people have unions that protect their jobs.
It isn't like that in the private sector, it is just like the wild wild west. This goes for any kind of worker from low skilled to highly skilled. Now, we have this Gig economy where we have to take multiple little jobs to survive. There is no real industrial base in most Western countries. It is what it is, technology, globalism, and free trade policies.
Austerity is what most people face now. You just really have to tighten your belt, and be very careful on how you spend your money. The only thing you can rely on is your savings.
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@doloresreynolds8145 I know tens of millions of jobs had been lost through this Covid-19 pandemic. It is the pity they didn't get it right the first time, the Democrats should have made that one time payment of $1,200 to a 1 year deal.
$1,200/month for everyone who makes under $45,000/year. These stupid Republicans will crying when the stock market starts to crash again, and it will as people run out of money. You will have more foreclosures, more unemployment, more crime, more civil unrest, more bankruptcies, more delinquencies on debts, etc.
The Democrats gave everything the Republicans wanted by bailing out distressed big businesses with trillions of dollars.This whole damn thing wasn't done right. They should have shutdown the economy for 4 months, given people $1,200/month for a year, and everything would be much better now.
We will going into a economic depression maybe around November or early next year. Capitalism sure isn't working.
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From what I see, I think the EU and US will work together on sanctioning and putting trade barriers against China.
It's about time China focused more on growing their own domestic markets, and doing more trade with countries in the Global South. China has more to gain in trading with the developing world. They can buy inexpensive natural resources, and industrialize those countries. By industrializing and developing those developing countries, they can sell more goods to those countries, like EVs, trucks, heavy machinery, telecom equipment, electronics, farm machinery, aircraft, industrial machinery, computer equipment, chemicals, refined petroleum products, etc.
The average wage in China is about $16,500/year ¥119,460/year, they can increase this to $30,000/year ¥217,200/year. In 2014, the average wage was about $7000/year ¥50,680. There is no excess production capacity of EVs in China. There are about 20 million EVs in China in a population of 1,412,000,000 people. The production rate of EVs in China is about 11.5 million per year.
The point of trade is to get things, so you can have a better standard of living, like having appliances, vehicles, AC in your home, etc. It isn't about accumulating dollars, it is about getting real things with that money.
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People still have to go out there and do journalism, but the medium is different. People don't use newspapers, they use their desktop computers, laptop computers, smartphones, and tablets to read the news. Just like a lot of people use web browsers on computers, tablets, and smartphones to go on websites to do their shopping.
In most modern offices, they don't have cabinets full of paper charts, it is all scanned into a local server or a cloud server where people can access the information in seconds. The information is backed up on multiple hard drives periodically. You still need someone to scan the files. You need a receptionist in the office, and you still need secretaries to answer the calls, etc.
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There is no escaping it. You need to replace and maintain things, like your clothes, shoes, water heater, air conditioner, vehicle, smartphone, computer, car maintenance, house maintenance, etc. Just those things are a big drain.
House had to be repainted, this cost 3,000 bucks. My car needed to be repaired, this cost 750 bucks. My water heater needed to be replaced, this cost 900 bucks. Needed to get a new smartphone due to end of support for the phone, this cost me 1000 bucks. Needed to get a new computer, because Windows 10 will not be supported next year, and this cost me 2200 bucks. My AC broke down last year, and I needed to spend 3500 bucks to get that replaced.
You can't save money if you have a home, vehicle, and work in the modern economy.
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Casey Sasaki Your right, the average person and small businesses are being screwed, because American workers cannot compete with prison labor, or laborers from 3rd world countries. Unfortunately, capitalism is all about paying the least amount of money, and getting the greatest amount of profit. The worker is sacrificed in the name of profit. We live in a global capitalist free market system, big business will move the jobs where wages are the lowest.
In the future, they will probably use machines to replace foreign workers and workers here in the U.S.A.. That is the trend, and there isn't a damn thing anyone can do about it. Cashiers in retail stores will be replaced with automated self checkouts, you have translation software that replace translators, you will have self driving cars replacing truck drivers and delivery people in the future, automated factories replaced many jobs in the past 30 years, machines will replace fast food restaurant workers in the near future, the internet will allow companies to eliminate the middle man because they can sell directly, the internet displaced many brick and mortar stores, you have speech recognition software that replaced many customer service reps, ATMs are open 24/7 and now you can even deposit checks without a human teller, all the automakers put computers in their cars so only the dealer can service cars displacing small mechanics, and many more jobs will be made redundant due to automation and technology.
If you don't have assets which are economically viable, you are screwed. You will have a two tier society which will consists of only the rich and the poor.
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Casey Sasaki Corporate America is the real benefactor and people with a lot of capitol as well. Those people control most of the real wealth of any nation, they are usually the big land owners. The people who own all the vital industries of any nation, like utilities, food processing plants, agribusiness, high tech, defense industry, medical industry, petro-chemical, energy, etc.
We are returning to feudalism in away. I don't think this is just a problem in America, it is a global problem.
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Casey Sasaki Your right people haven't changed in thousands of years. As long as they get their beer, potato chips, a couch, and a T.V. they will never revolt. Kind of like bread and circus. The greed thing is ingrained in people, the ordinary person who took the mortgages they could not afford was as responsible as the immoral banks that lent the money to them. Human nature is greedy, selfish, corrupt, jealous, and it is far from perfect. These beer belly blue collar morons who said the banks made me use those credit cards, and take those loans are lying. Screw these people, I am going to just save myself when this economic depression comes into full gear in late 2015.
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***** The point I am making is simple. Civil Rights means the government doesn't bother individuals. The government can't send people to come into your home without a warrant wrestle you to the floor and throw you in detention center without a warrant. When you get arrested by the police, they read you your rights. " You have the right to remain silent, anything you say can and will be used against you in the court of law. You have RIGHT to an attorney. If you cannot afford one, one will be provided to you. blah, blah, blah".". Civil Rights protects individual freedoms.
Human rights means, you are provided the necessities of life. In the U.S.A., the government does not have an obligation to provide you with the necessities of life, like food, shelter, or medical care. That is your responsibility. If you cannot afford Chemotherapy which costs $50,000, you don't have a right to get it. You can buy it, but it isn't a right. You can get life saving drugs if you can afford it. The government doesn't subsidize medical care, and they don't regulate drug companies. They can charge as much as they want, so it isn't a right.
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The income for the average middle class person has not really kept up with inflation since the early 1980s. Back in the 1980s, someone who made about $35,000 to $50,000 was considered to be in the middle class. In 2014, a person who makes $65,000 is considered to be in the middle class. At the same time, the price of gasoline went up from $0.78/gal in 1982 to $3.80/gal in 2014. A 12 ounce can of coke cost about $0.25 in 1982, and now that same can of coke costs about $1.00 to $1.50.
For the lower income brackets, it is even worse. They are stuck in dead end jobs that pay $7.50 to $9.00 per hour. The minimum wage was about $4.25/hr in 1984, and the minimum wage is about $7.25/hr to $9.00/hr in 2014.When consumer prices rose 5 to 6 times in the past 30 years. In inflation adjusted prices, the minimum wage should be about $21.25, and the average middle class income should be about $227,500. We have a lot of income inequality due to outsourcing, an influx of illegal immigration, lax trade barriers(tariffs), and economic policies which are driving wages down.
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***** When the alarm went off in the middle of the night, I had to go to my business to see what happened, I called the police and when they got there they asked for my I.D.. I showed it and that is it. If I didn't show it, there would have a problem. If I would have said, I didn't commit a crime; therefore, I refuse to show my I.D. the cop would not have known if I was the person who broke in or if I was the legitimate business owner of the establishment.
When I went on a hunting trip, the forest ranger asked for my hunting license.
The police, military, or other government authorities can ask for your I.D. anywhere, anyplace, and anytime. If you are an adult, you have carry your I.D. around, and you must show it to the authorities when asked for it.
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There is no free college in the U.S.A., you have to pay out of it mostly out of your pocket. You can fund it by getting grants if you can qualify for it, but that won't cover it all. It will only cover part of it. Your parents can support you, and if they cannot you need to borrow money from the Federal government. You borrow money from the Feds, and it must be paid back after you graduate or stop going to school. If you don't pay it back, they have the absolute right to garnish your wages. They will track you down with your Social Security number. No free college, it is a myth. Colleges and universities are there to make money. Since the state and federal governments had been making cuts to subsidies, the price of college tuition had been going up and up for years. In addition to higher requirements from employers who will hire only people with 4 year Bachelor's Degrees, the demand for these degrees went up and up over the years. As a result, college tuition sky rocketed.
I went to public school, and I came out good. I was just a independent learner throughout my life. I just read the text books, listen to the lectures, and understood everything. I didn't spend all day studying, I would study a few hours a day and do fairly well in school. There isn't anything wrong with public schools, the teachers there are 100% qualified to do their jobs. If the students are stupid and can't learn, it isn't the public school system's fault, or the teachers fault either.
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@oldtwinsna8347 Fast forward 31 years. Today, a 2 Terabyte hard drive costs $50, and a 40 MB hdd in 1989 cost about $400. In inflation adjusted prices, a 40 MB Maxtor hard drive would cost $1,200 today.
A Western Digital 2 TB hard drive cost/MB = 2.0 x 10^-3 cents / Megabyte (less than one cent per Megabyte)
A 40 MB Maxtor HDD in inflation adjusted prices = $30 / Megabyte
A 40 MB Maxtor HDD in 1989 prices = $10 / Megabyte
I didn't get a new computer since 2014 when I put together a computer with a I7-4790k processor. I just made minor upgrades, like adding larger hard drives, adding a SSD, adding a new graphics card, adding more RAM, and upgrading the operating system to Windows 10.
I think binary computers are reaching a ceiling when it comes to engineering improvements. It is kind of like the piston engine for aircraft, it reached the peak of its development during World War 2.
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+tripletwentyy I still have a job, and I work full time in my profession which is in the Information Technology industry. Since I am gainfully employed and I have a future, I don't watch fear porn like you people.
It appears to me that you people want a total collapse of the economy, because you lost your jobs, & you people don't have any marketable skills. This total collapse thing is like salvation to you losers. I stockpiled my guns+ammo, processed food, my water filters, my tactical vests, and other gear of that sort. This is like escape or like a fantasy for you people. I hope the economy collapses soon, because I can't handle FUCKING REALITY. I can't pay the bills, I can't pay my mortgage, I can't pay my rent, I can't pay my car payment, I can't pay the utilities, etc. This is why you FUCKING LOSERS want a collapse. If it happened, you have worries. You don't have to worry about being EVICTED from your homes. I ASSURE YOU, YOU WILL BE EVICTED FROM YOUR HOMES IF YOU CAN'T PAY YOUR BILLS. Then, they throw you and your worthless survival gear out of your homes into the street. You can put all of that shit onto your shopping cart and go to skid row with it. LOL
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I am a college graduate, I am pretty affluent, I don't support the Tea Party, Ron Paul, Rand Paul, and others like them.
I used Federal government grants to get me through university, and I was very poor throughout my teenage years to my college years after my father lost most of his money in the 1987 stock market crash and the recession that followed, house was foreclosed on, and lived in severe economic hardship for more than a decade. I can understand what it feels like to be poor and destitute.
From what observed, more than 95% of these truthers, Ron Paul supporters, Alex Jones listeners, Tea Party people, Militia people are con artists. They offer no solutions at all. If practical solutions are offered, like infrastructure projects, government incentives to buy energy efficient cars, they never want any of it.
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You have to understand the situation for the Mongols/Turkic tribes in a historical context. Those people were the same ethno-racial groups. The U.S. is a hodge podge of different races and ethnic groups. You see people segregating themselves more often than not. When I went to public school, kids would always stick with their kind. The blacks would play with other blacks, the whites the same, the Asians the same, the Middle Easterners the same, Latinos the same, etc. Even when I went to college, people segregated themselves into racial groups, I would my friends who were like me. We would help each other out. Even in the prison system, inmates divide themselves up according to race.
I am serious, people in the USA will not unite.
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Patchuchan $40,000 back in 1978 is about $150,000 to $160,000 in today's money. A GUI operating system was only a dream for most people in the late 1970s. The technology wasn't there to make it happen on a massive scale.
Computers got cheaper and more powerful in the past 37 years. The average desktop computer in the early 1980s was a 8 bit system with about 256 kbs of ram. 16 bit computers enabled computer makers to implement the GUI operating systems. 16 bit computers enabled you to have a maximum ram amount of 64 mbs. The 16 bit cpu enabled GUI operating systems to become reality.
Computers like the Amiga 500, and 1000 had GUI operating systems. The Apple IIGS, Macintosh, and Sharp X68000 had GUIs also. Windows 3.0 became widely available on PCs with 286 and 386 processors in the early 1990s.
32 bit CPUs came out in the early 1990s, and GUI operating systems got better and better. Windows NT was released in 1993, and Windows 95 was released in 1995. As a result, computers became more mainstream, because it became easier to use.
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Christopher Snow If you want to play games on the highest settings, you need at least a graphics card that costs about $300 to $500. If you buy a good graphics card, you need to buy a I-7 processor that costs about $300 to $600. If you want to record your game play, you need at least 2 hard drives. You also need to buy good ram which will set you will cost you about $200. A good motherboard costs about $200 to $300. A good quality full tower case costs about $90, and you need to add fans on it. A blu-ray player with the software costs about $100. A good quality power supply 700 watts will set you back about $100 to $120. A copy of the operating system costs about $100 to $150.
I always put in the best parts when I build a system. When it comes to computers, I want the best components. When it comes to cars, a base would be enough. I don't care about the added electronic features in a car. Why? Because I would never use it, I care more about the suspension system, the drive train, the engine, the break system, and safety features.
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+Masterr Laster Refurbishing is more profitable. Sometimes, people throw away computers that don't turn on. Usually, the fix is very inexpensive, the problem is usually a bad capacitor on the motherboard or the power supply. The cost of fixing it is a few capacitors worth about $10. At other times, it could be a bad chip on the motherboard, so the capacitor will constantly go out at the same place. If that s the case, the motherboard is thrown away, and all the other parts are salvaged. The fans, the cpus, the hard drives, the DVD-RW/DVD-ROM, ram, graphics card, and power supply can be salvaged. The other capacitors on the board can be de soldered and salvaged.
You can sell the smaller parts, like the cpus, hard drives, dvd-roms/dvd-rws, graphics cards, and other smaller parts can be sold on ebay. Selling entire computers is more tricky, you need to have the connections with firms, because the consumer demand for PCs is way down.
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George prochet
No need for fucking morals. You do what is necessary. More favorable trade policies can improve the economy greatly.
There is nothing wrong with big business, it is the tax laws, and the trade policies that make them do what they do.
These big businesses can choose to outsource, but if you increase the tariffs to 1000%. They will reconsider their outsourcing their production lines overseas.
No more of this hiding your taxes in the Caymen islands bullshit, and setting offices in Luxembourg to avoid paying Federal taxes. If all these loopholes are abolished. Things will get better. The government will have more money to spend on the people. Businesses will hire Americans who will have jobs. They will in turn pay their income taxes, social security, sales taxes, road taxes, etc. You will have better roads, better schools, the real estate market will recover. More people with good paying jobs will buy homes, they will buy cars, they will eat out more, they will strengthen the economy.
If foreign companies want to setup shop here, and setup their factories, they will be given incentives to do so.
By doing what is necessary actually helps everyone.
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George prochet I don't know how old you are, but I saw the deterioration of the U.S. economy from 1983 to the present. I lived through it. The U.S. was such a wealthy country in the 1980s and 1970s that if you went to rent a video after Christmas, they would give you a free calendar and other free things.
A lot of things were produced in America during the time I grew up. Many people were content with their lives, they made pretty good wages, and many people were satisfied with their lives.
I don't buy this notion of social justice. It doesn't work. You need to balance out capitalist and socialist policies to create prosperity.
You can raise the minimum wage to $20/hr, but if there are very few jobs in the economy it wouldn't matter.
Bernie Sanders isn't a socialist. His talking points are the same as Donald Trump. He isn't going to give you handouts. He is talking about how we can get more favorable trade policies, creating a infrastructure bill to create jobs and fund much needed infrastructure projects, change the tax laws, changing the campaign contribution laws, and make it more fair for the average person. Every country should have trade barriers to protect their industries. By promoting policies like these does not mean he is a socialist.
If you don't change the current state of the economy, your social justice and wealth imbalance will only get worse.
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***** Android tables and smartphones are media consumption devices. Even with a keyboard, they make poor multi-functional computers.
They use RISC processors which are good at integer calculations, but if you have to do engineering, graphics, video editing, gaming, or other hard core tasks, you can just forget about it.
However, there are ways, you can stream the power of a desktop on a smart phone or a tablet. Which means, you can run high powered applications on your mobile devices. Networking technology is that good now.
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Big fast food chains can afford to pay their workers $15/hr, and they don't have to use their workers full time either. They can use them part time, not pay any benefits, and it is perfectly feasible.
We live in a time when computerization and automation is prevalent. If minimum wages go up to $15/hr, a lot of companies will start automating at a faster rate, because it is cheaper to do so. In a nut shell, they will automating regardless of the minimum wage hikes, because in the long run it is cheaper to do so. It is inevitable, because the technology exists already, and it is getting better and better every single year.
I am not a liberal, or a Democrat. I am quite conservative, I think people should be paid a fair wage. Most jobs will be relegated to part time positions if they have not already transitioned to that already. No company, corporation, or business wants to pay for a full time employee, because the cost retaining full time employees is costly. If I was an employer, I would like to have work force of part time employees, but I would expect one employee to do the work for 3 people. I would pay them $15/hr to start. Have a employee with at least a Bachelor's degree who is more capable than someone who has only a high school degree. I would like to have a work force that is highly skilled, well educated, and willing to learn new things. I would pay them right. If they are valuable, I would give them full employment and pay them $20/hr or more.
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In this day and age, human work isn't very valuable anymore. A lot of tasks can be replaced with computer algorithms. For example if you call a bank, there is no human being answering the phone, it is done entirely with voice recognition software and a computer program. In the near future, you will start seeing automated , or self driving cars. This will put millions of people who rely on driving, like truck drivers, taxi drivers, and Uber/Lyft drivers out of work. I work in the computer field, so I have plenty of work automating processes. Whether that be setting up a server, writing code, setting up a network, etc. After it is all said and done a couple of people in that company are no longer needed as a result of what I did. The company is more productive and less people are needed.
Email would be a good example. Paper mail is no longer required anymore, because people can send mails at the speed of electrons to anywhere in the world. As a result, 250,000 postal workers were replaced in the last 13 to 15 years. Post Office sorting facilities use conveyor belts, lasers and computers to scan packages and mail, this replaced many people as well. People aren't used to sort out mail and packages anymore, it is entirely done by a automated system using computers. In most offices, you can have a completely paperless system. This will eliminate the filing clerk, because a computer can be programmed to send files from the fax server to the file server. All these are connected to a computer network, and staff can access these files in seconds.
Mobile banking makes it easier for everyday people to make deposits by using their smartphone. They can make a deposit with their smartphone in a few minutes or less. They don't have to go to the bank, they waste their fuel getting there, and they don't have to waste time going there. It is a lot cheaper for the bank to use mobile banking, it costs much less per transaction than with a human bank teller, or a physical ATM machine. Who needs paper money by the way, you can use your debit card to buy whatever you want. No need for paper. If you really do need cash, you can use an ATM machine at any of the bank's branches.
A lot of people are working at fast food restaurants not out of want, but they are doing it out of necessity. Most routine jobs will be replaced in the next 10 to 15 years. When you have quantum computers becoming more mainstream for big companies, more people will be let go. These new quantum computers aren't like your binary computer we have now. I am sure, they can replace higher skilled tasks as well. In the future, you will have computer programs that can write its own code by the employer just telling it what it wants.
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Not everyone has the ability to learn engineering. Not everyone can master calculus, differential equations, linear algebra, programming, chemistry, physics, and engineering courses. Gimme a break man. My IQ is about 145, so I have a high IQ. I can learn physics, chemistry, computer programming, solving technical problems, and advanced mathematics easily. I can't say the same for most people.
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jackchorn Shale oil isn't economically viable at these low oil prices. Europe can buy the oil from Nigeria, Venezuela, Saudi Arabia, Kuwait, Iraq, the USA, Indonesia, Saudi Arabia, etc. They don't have to buy it from the Russians.
I've been to Europe about 1 year ago. The economy of the EU is very shaking right now.
The price of oil isn't just going down, everything is going down. Copper, lead, tungsten, bauxite, tin, rubber, cotton, etc. All commodities are going down in price. If you have a lot of USD $$$$, you can really enjoy a high standard of living now.
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jackchorn It doesn't matter how many dollars are printed, because if it doesn't go into the lands of the ordinary people, there will be very little to no inflation. As a matter of fact, there will be deflation.
A lot of people are heavily in debt, and money is created through loans which is debt. If you have too much debt, and a sluggish economy. It's obvious, debts are very difficult to pay back. Don't be fooled by these Peter Schiff idiots who believe printing money=inflation. It all depends on how the money is channeled, and the velocity of money. If the money is channeled to go through the middle class, you will have a higher velocity of money. The money will flow through many hands which can grow the economy. If the money goes into the hands of a few mega corporations or monopolistic industries/companies, the money flows through very few hands. It also get concentrated in the hands of a small group of people. As a result, you don't have much inflation!
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800lb Gorilla The labor unions demanded too much, and they didn't care about the profitability of the automotive industry. In addition, you had competition from overseas, like Japan which made the auto industry less solvent. You also had the outsourcing of American jobs starting in the 1990s to the present. In addition to that, robotics and automation was being employed more and more starting in the early 1990s, so more jobs were lost. Many circumstances led to Detroit being where it is.
To be honest, I would say the labor unions demanded too much, and the competition from overseas hurt the U.S. auto industry. As a result, they could no longer support many of the entitlement programs, like the pensions, and other practices which made the U.S. auto industry less competitive. The Democrats did have a part to play in causing what happened in Detroit.
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800lb Gorilla Everything has to be moved or extracted with a oil powered vehicle, like food, commodities, finished goods, etc. How do you get to work? In a automobile powered by refined oil. How do I go to other countries on vacation? On an airplane powered by highly refined oil. What are tanks, fighter bombers, armored personal carriers, trucks, drone aircraft, bombers, self propelled howitzers powered by? They are powered by refined oil.
This is why oil is a gauge of inflation, because all of our economic activities are dependent on it.
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***** I don't believe in Libertarianism, because it doesn't work. Libertarians believe in pure unbridled capitalism which was tried during the 1880s to the early 1900s. Did you ever hear about the Gilded Age? The purest form of capitalism does not work, it will always lead to monopolies. That is why we had the progressive movement headed by Theodore Roosevelt who broke up the trusts and monopolies. Then, you had Franklin D. Roosevelt who instituted policies like social security, banking regulations, anti-trust laws, social welfare, and other safety nets. As a result of F.D.R's socialist policies, you had the creation of the U.S. middle class in the 1950s to the 1970s.
Capitalism leads to cronyism, so it is the government's job to regulate industry and commerce. If a corporation, company, or a group tries to corner the market and create a monopolistic situation, it is the Federal governments job to break up such monopolies. You Libertarians are politically and economically inept. The Federal government needs to be involved in world politics for many reasons, and Ron Paultard doesn't understand it! Politics and geopolitics has always been a power game. If you don't assert your power, someone else will. I would rather have U.S. hegemony over living under Islamic Sharia law. This is why I will never vote for your retarded Libertarianism, it is SHEER NONSENSE!
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***** Wall Street got bailed out, but we needed to bail out those corporations and banks. Why? Because our economy would have collapsed if the Federal government and Federal Reserve didn't do anything. Besides, it is their job to stabilize the economy, it was in our national interest to bail out those banks. You people are full of shit. You wanted the Fed government to do nothing, and you wanted to watch the whole country go down the tubes! You are a fucking traitor, and Ron Paul is also a fucking traitor. Fiat money could be created out of thin air, and it can be created to avert a financial disaster.
Let me tell you something. It is the government's job to defend our national interests at home and abroad. You people are retarded. You stock up on guns, ammo, food, survival gear, and pray for an economic collapse. You know what? It ain't going to happen.
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Michael Cowling How many people make a living on government spending???? I'll name them all....
1. Medical Doctors who get medicare money. Medicare is a big part of Medical Doctors incomes. These doctors hire many people in their practices. They hire nurses, office staff, managers, & physician assistants. If you add up all these people who are on the Medicare payroll, you are talking about millions of people.
2. Engineers of all types. Mechanical engineers, electrical engineers, aerospace engineers, software engineers, structural engineers, and others who work in the defense industry. In addition to that the technicians, the technologists, and workers under them. All defense spending is funded by the Federal government. You also have the sub contractors who build the parts for the aircraft, tanks, armored personal carriers, armored infantry fighting vehicles, howitzers, trucks, hummers, helicopters, etc.
3. Food retail outlets. 50 million people on food stamps spend a lot of money in grocery stores, and other retail food stores. Millions of people are hired as a result of it. The people who work in the stores, the warehouses, the food processing plants, and the farms who grow it. They all make money and hire many people to grow it, process it, package it, ship it to warehouses, ship it from the warehouses to the stores.
4. Many people are hired directly by the government as well. They can be teachers, firefighters, soldiers, social workers, law enforcement, judges, bureaucrats, professors, researchers, prison guards, postal workers, etc. All of these people buy stuff, like fleets of automobiles, tons of office equipment, munitions, office supplies, etc. As a result, millions of people who are indirectly tied to them have jobs who sell cars, computers, toner for printers, office furniture, firearms, munitions, construction, etc.
The Federal government is responsible for keeping our economy afloat.
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Michael Cowling The greatest advancement of America's prosperity after the US won WW 2 from 1946 to 1965. All the new technologies developed and captured from the Axis were incorporated into the economy. Technologies, like the jet technology, composite materials, petro-chemicals, transistor, microprocessors, CRT TVs, radios, all kinds of electronics, microwave ovens, radio frequency devices (cell phones), etc. Where would we be if we didn't have synthetic materials like plastics?
Corporations can monitor people from 20,000 miles away with computers networked with cameras, they can send orders via the internet, manage the entire operation from anywhere in the world, have it shipped from the other side of the world to ports, & have it shipped to anywhere in the world. Beautiful isn't it? At the same time, the cost could be brought down to where everyone could afford it. Globalism is a great thing.
Stop comparing the USA to the Soviet Union. The U.S. economy is a mixture of state capitalism and free enterprise.
"The unspoken cost that you are ignoring is that all these people that are selling things that people don't want to purchase, are not producing the things that people actually do want and need because the government has decided that there SHOULD be more demand for these superfluous things. ".
Corporations and business produce things that people want at the lowest price possible. The governments don't dictate supply and demand unless we are at war. Then, the government sends orders for a firm to produce a X number of trucks, small arms, munitions, aircraft, helicopters, ordinance, howitzers, utility vehicles, armored personal carriers, infantry armored fighting vehicles, main battle tanks, parts for vehicles, etc. That's why a lot of companies become extremely wealthy during war time. Government only orders what it needs in peace time.
"Before you go for the "the people don't want food?" bit, I am going to go ahead and cut you off. We use government funding to pay farmers with the Farm Bill. This results in us generating roughly twice as much food as we need in this country. That is nice because we haven't had to worry about a food shortage in a long time. So, why are farmers still charging money for food if the government is already giving them so much?" False. The government pays farmers to produce less. This was policy came into being during F.D. Roosevelt's administration of the 1930s.
The government doing this, the government doing that. You have no evidence to back up any of it. You have to lie to make your point. You conservatives are lying Nazi scum.
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Michael Cowling I like living here, and I am not complaining & bitching about the system.
We have a national army, so we need income tax for that reason. Income tax is good, it allows a modern nation to fund a MODERN STATE.
Guns are bad; therefore, guns should be banned. Owning and shooting guns is a hobby?????????? WTF!!!!!!!!!!!! How many people die every year from gun related accidents and mass shooting in a given year??????
You can make $1,000,000 a year, and you can get tax deductions and not pay very much tax. I could get a tax deduction on business expenses, like hiring people, on the utilities bill, buying equipment, buying lunch for the company, etc. After all of these generous deductions, you could end up paying like $50,000 in taxes or less!
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You're right. I think capitalism is close to the end of the road now. This is why after 8 years of quantitative easing and interest rates set a record low rates, we aren't really seeing big improvements. This is why interest rates aren't being raised now; because, if the Fed Reserve raised rates to 4% now we would the economy could slide into a severe recession.
As a result of the QE and low interest rates, we have a equities bubble and a real estate bubble. The real estate bubble puts pressure on people, because the price of housing and rent keeps going up. At the same time, wages are stagnant or going down in some cases.
Another thing I've been seeing more of are big corporate mergers and buyouts, like Baxalta and Shire, Abbot Labs buying out St. Jude Medical, Microsoft buying out LinkedIn, and you have talks about AT&T and Time Warner Cable merging. These are just some of the mergers & buyouts that had happened, and will happen in the near future. It's obvious why we have these mergers, the economy isn't all that great. In order to survive, companies have to merge to increase profitability and reduce competition.
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David Walsh
There is so much misinformation propagated by the Libertarians, and Republicans in general. If you listen to right wing, and the so called alternative media, there is a lot of pro corporate propaganda.
A lot of the information are half truths at best, and at worst they are made out of thin air. They have a common theme though, they blame these so called imaginary international bankers who are behind all this. They don't explain anything in any rational way, they blame this imaginary force that is suppressing the price of gold, because most of them believe gold will make them rich.
It seems to me in their beliefs, they are no different than the Nazis in the 1920s and 1930s. They are no different than the white nationalists, white supremacists, alt right, extreme right, and Libertarians who believe in this international global conspiracy based on the Protocols of the Elders of Zion. It is all nonsense, and they all parrot the same thing over and over again. They spew all this nonsense, and a lot of ignorant people believe it.
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David Walsh
They are misleading people. Gold and silver aren't money anymore, they are commodities. They have this religious devotion and believe paper money is worthless. Even though paper money is very hard to earn, it is worthless in their minds.
Most people work very hard to earn the little that they make. Making money isn't easy. I guess that is part of the scam. Get these foolish and gullible people to believe their money is worthless, so they can sell more gold and silver. At one time, around 2008, Ron Paul was minting his own money. He denominated a 1 ounce piece of copper as $1!!!!!! Copper doesn't cost $1/ounce!!! Twenty dollar Ron Paul dollar was equal to one ounce of silver. That was when silver was like $15/ounce. The Ron Paultards complained that the Feds seized the assets of the company that were producing Ron Paul dollars! ROFL!!!
I don't think idiots understand anything about the economy. They just have this narrow view that the Federal Reserve was created by Jews in 1913, and the dollar lost 95% of its value from 1913 to the present. Yet, they never talk about how wages were $2.34/day when people worked 12 hrs a day. People made 19 cents/hour, and now the average wage is anywhere from $10/hr to $20/hr. Wages went up 5200% to 10,500% in 103 years. The dollar lost 2000% of its purchasing power in 103 years. You see, peoples wages did keep up with inflation.
Everything these Libertarian retards said was wrong, they said the economy would collapse in 2011, 2012, 2013, 2014, 2015, & 2016 and gold would be $5000/ounce and silver would $100/ounce. Silver is about $18/ounce, and it was $22/ounce in 2008. In 2011, silver was $49/ounce. These scam artists were telling people to buy silver in 2011!!!
I have to say the Right and Libertarians represent the worst of human nature, they represent greed, selfishness, and deceit.
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David Walsh
Stocks still did a lot better than gold or silver from 2009 to 2016.
There is no way to break the Paultards and Alex Jones listeners from their mental trance.
They are like a cult, they believe what people like Alex Jones, David Duke, Ron Paul, Rush Limbaugh, and other extreme right wing media.
It is always the same rhetoric over and over again. Governments evil, minorities are taking your jobs, minorities are using welfare, Jew bankers are evil, the concept of interest is evil, the media is evil, and you can't believe us. WE HAVE TRUTH. That is what a cult is. Isolate everyone by calling them evil, and getting your flock to believe you only. ROFL!
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See this is why America is a advanced nation. The U.S.A. can produce all of this great stuff the world wants, like F-16s, M-16 rifles, machine guns, advanced avionics, thermal optical instruments, howitzers, mortars, anti-aircraft missiles, anti-tank missiles, hummers, trucks, gunship helicopters, gps guided weapons, etc. All made in the good ole USA!!!!!
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Dot Com Most of my friends that have 6 figure incomes who work as engineers, medical doctors, cpas, architects, attorneys, computer scientists, etc all have mortgages. They all live in homes that are worth anywhere from $1 million to $5 million. They drive expensive cars, and most of em don't have a lot of savings.
They have a lot of debt, like student loan debts, they have a mortgages where they have to pay $5000 to $9000 a month, they send their kids to private school, etc. They have a lot of expenses. People don't live within their means.
If you make $250,000/year, you will most likely live in a home that is worth $2,000,000 to $3,500,000. If you make $500,000/year, you will live in a home that is worth $4,000,000 to $7,000,000.
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If there was economic stability then most people would have savings, most businesses wouldn't be in debt, a high % of Americans wouldn't have so much debt, and more than 50% of Americans wouldn't be obese. You wouldn't have millions of people going to food banks, and everyone asking for bailouts. Many people in the US have poor diets, and people who will be negatively impacted by Covid-19 are people who are obese. We have a lot of fat people in the USA.
Even with all this stimulus the government is giving out isn't enough to cover all your expenses and debt obligations. You have debt forbearance, and rent forbearance, but after 3 months are up you have to pay all you owe at one time. If you don't pay it, you will get your car repoed, your home into foreclosure, or evicted from your apartment. $1200 for each American for 3 months that simply isn't enough. $350 billion for small businesses isn't going to be enough. Some small businesses hire 100 to 499 people, so these businesses will require $240,000 to $1.6 million + each. There are over 30 million small businesses in the USA. If you do the math, only $11,666.67 can be allocated to each small business. If you have 1 million small businesses that hire a lot of people, and lets say they need $500,000 each. They would need $500 billion, so what about the 29 million other small businesses that need this money? They won't get it. Banks are going to give this money out to businesses that have a lot of debt with them, and these small businesses will have 100 to 499 employees. The banks will try to save themselves, because if these bigger debtors don't pay then it will be bad for them.
There simply isn't enough money to bail everyone out. Capitalism has mismanaged the economy, and this is what we get.
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When we catch up to those nations?? We are more advanced than those nations, you mean when they catch up to us. Advanced not only in weapons tech, but in every other field, like farming tech, mining tech, metallurgy, manufacturing machinery, computer technology, medical technology, etc. The computer companies that manufacture the key components of computers are U.S. corps, like Intel and AMD who make cpus. No other country makes cpus.
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Things that will work.
1. Increase the BATF guns and ammo tax to 50%, and 5% per year. This will make guns more expensive to buy. Compound interest is the most powerful force in the universe. Let's say a gun costs $500 today, and this tax is levied.
In the 1st year, it will cost $750.
2nd year, it will cost $787.50
3rd year, it will cost $826.87
4th year, it will cost $868.21
5h year, it will cost $911.62
2. Make it easier for people to sue gun companies. Bankrupting gun companies will limit the supply of guns.
Things that will not work.
1. A national gun safety test, because firearms ownership is a right. It is protected by the 2nd Amendment.
2. Licensing fees for guns. That is unconstitutional, because under the 2nd Amendment you have a right to own guns. Owning firearms is not a privilege, it is a right.
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@legalfictionnaturalfact3969 As the economy becomes more uneven, you are going to see a lot of this kind of populism. As more people get left behind because they lack the education to compete, or the industry they are in becomes totally redundant due to technology. It could be due to corporate greed to increase profitability by automating jobs out of existence, or outsourcing it to countries where the cost of labor is much less.
Back in the 1920s in Germany, similar things did happen. You had right wing populism led by the Nazis, and left wing populism led by the Communists.
On the right, you will see more racial politics, like blaming other races, other nationalities, and blaming establishment politicians.
On the left, you are going to see more blame going towards the rich, and people who have more than they have.
This kind of populism will not simply go away until these problems are resolved.
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You could have done something about it if you made long term financial decisions.
It is too late to do something about it now. It all depended on the decisions you made decades ago, like investing your time and money in your education, making long term investments, living frugally, regularly buying supplies in bulk, investing money in stuff like solar panels, having a garden, learning skills like fishing and hunting, learning marketable skill, etc.
If anyone is telling you that you can prepare now when you have a big mortgage, a $800 to $900 per month car payment or payments, no savings, and a lot of debt are lying to you.
In a recession or a economic downturn, you need a lot of savings, and you need less debt. It's that simple.
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@JJ-mh3hb The government handed out about $3,200 in CV-19 stimulus payments. That's isn't crap. That isn't no UBI. UBI is a recurring thing, like $1000/month, $1400/month, etc.
All I know is, after the CV-19 lock downs, there is more brazen crimes now. Groups of people smashing store windows in broad daylight. Smash and grabs, mob robberies, more home invasion robberies, more car jackings, ride share drivers being robbed, delivery people being robbed, etc. A few days ago, I saw on my local news about a robbery at a bank where a man got his bank bag snatched, he had $10k in it. It happened in daytime.
When people have nothing to lose, they will start doing anything. I got care if you have firearms, almost everyone has em here, but it doesn't deter crime.
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@ad6417 UBI is a good system, the government will give you a fixed amount of money, probably enough so you don't starve to death. It is like what the Caesars did in the Roman Empire.
You have an incentive to work, because UBI won't be enough to live a good life. People can pursue more creative interests. People can really develop their skills. We live in the Information Age, this idea of factory jobs are obsolete. I am engineer, and I can tell you first hand we have a lot of manufacturing in the USA. Most of these manufacturing are highly automated, and we don't people to work in these automated manufacturing plants. Machines can cans of soda to assembling automobiles with robotic arms.
The skills you need today are like, computer programming skills, computer networking skills, math skills, hard science skills(chemistry, biology, physics, bio chemistry, metallurgy, etc), and problem solving skills. We don't need your cheap labor anymore.
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I don't think politicians in the US care about the American people. They don't care about the inflation crisis, and they don't care if people have to pay more for everything. They don't want people to have affordable medical care, because their friends in the medical industry make more money. They don't care if farmers have to pay more for expensive farm equipment, because tariffs and regulations block imports. They don't care if people have to pay more for ACs, because of the regulations and tariffs they put into place. They don't care if people have to pay more for vehicles, because their friends in the auto industry can make more. They don't care if people pay more for homes, because their friends in the real estate industry benefit. They don't care if people have to pay more for appliances, electronics, clothes, etc, because to them inflation doesn't exist. Since inflation doesn't exist, there is no problem.
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@gordo3582 A computer science majors make drivers for devices, like printers, scanners, bio, etc. The major focus for computer science majors isn't just learning programming languages. They really have to know how things work from a very basic level.
You as a programmer only need to know about high level programming languages, a computer scientist needs to lower level programming languages, like assembly language. In other words, they have to be able to write the software in binary code in 1s and 0s.
Computer science majors get jobs working for the government, defense industries, other large corporations that do research, etc.
A lot of people drop out of computer science in the 1st 2 years, because they can't pass the advanced math and science courses they have to take. A lot of people who major in engineering and science also drop out because of this reason as well. I know science and math isn't fun, but if you want to get that degree and go on to post graduate school, you need to know it. Once you get your Bachelor's degree, Master's degree, or Ph'D. You can have a stable job working for the government or some large corporation. Never have to worry about job security.
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TheKnowerseeker If you majored in science or engineering, you are required to a programming course. When a lot of these science and engineering majors finish their undergraduate degrees in Civil Engineering, Electrical Engineering, Mechanical Engineering, Chemical Engineering, Chemistry, Physics, Biology, Geology, or whatever they have a rudimentary knowledge of programming. Learning a programming language is a necessity in these majors, like learning physics and Calculus is also for these majors.
There is a big difference in getting hired if you have undergraduate degree versus not having one. The person who has a degree will most likely get hired over the person who doesn't in a lot of cases.
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@M You need a undergraduate bachelor's degree to go to medical school and graduate school. No one is preventing you from studying science and mathematics, but you will not become a medical doctor or a scientist.
You need to get a license to practice engineering, and you get that by passing an exam, while you are at the university.
Medical doctors and NPs need to get a license to practice medicine, and without going to a 4 year university, or medical school. You will not get a medical degree.
I know a lot of people don't have what it takes to become a scientist, engineer, or a medical doctor. Those subjects are difficult, and the drop out rate is very high. Students realize how difficult it is after they start taking the hard science classes, like biochemistry, physics, thermal dynamics, differential equations, etc. You have to get good grades to get to grad school.
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@Xfighter000 You can believe whatever you want, but the point of going to university and finishing a 4 year degree enables you to go to graduate school to become a Medical Doctor, Nurse Practitioner, denist, CPA, pharmacist, high school teacher, professor, lawyer, etc.
You don't have to put up with it, you won't get a job at a hospital, medical research company, scientific research institute, a large corporation, practice law in a court room, practice medicine, etc.
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@raymondali3688 Either you can learn it by yourself, because you are super intelligent, or you can go through university and learn it and show people that you have the qualifications to do it.
If you are a self taught engineer or a scientist and invent something new, like a magnetron, or whatever. You can patent your idea, and make millions and billions of dollars.
If you didn't do anything like that. No one is going to believe that you can work in a multi million dollar lab developing the next break through. If you went to MIT, Caltech, or some other prestigious university, you can show people the research that you did, and the largest research facilities, big defense contractors, or corporations will hire you.
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@davidstevens5358 You people can believe whatever you want, but you need licenses, certifications, and degrees to prove that you are qualified to practice medicine, law, engineering, accounting as a CPA, architecture, fly as a commercial pilot, teach at a school, etc.
If you don't have the degrees or certifications then there is no way to prove you are qualified. The only field where you don't need any kind of degree to prove anything is business. If you are doing business, all you have to do to prove that you are a professional at it is by becoming a millionaire or a billionaire. This is why there is no PhD for Business in Business school. If you can become very wealthy then you earned your doctorate in business without going to school.
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dandanthetaximan Money from hedge funds, mutual funds, pensions, 401ks, etc. All going to fund these corporations, like UBER, Tesla, etc. If the stock market does implode, or if and when the bubble pops. A lot of people are going to lose their money in these mutual funds, pensions, and 401ks. LOL
The people who run these mutual funds, pensions, and 401ks didn't lose their money. They lost their clients money, and they are immune from taking any kind of repercussions. They collected their fees, and made their money. The people who are holding the bags are the people who gave their money to these businesses. That is life.
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All these so called financial gurus were telling people to invest in cryptocurrencies, real estate, stocks, precious metals with the mantra that cash is trash. The dollar is going to be worthless, and they were telling people to go all in on one of these assets.
After the 2008 crash, I learned something. All these gurus who were talking about hyperinflation, and go all in on precious metals were wrong. I bought into the precious metals narrative back in 2006, and in 2008 precious metals went down a lot with the stock market. Same thing is happening now, stocks are down, precious metals are down, cryptocurrencies are down, etc. It always plays out the same way when interest rates go up everything crashes.
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The North Vietnamese had only Ak-47s, C4, and bamboo sticks? Your sadly mistaken, they had SA-2 surface to air missiles, Mig 17s, Mig 21s, T-55 tanks, ZSU-23 23mm x 4 radar guided AAA, all kinds of AA guns/flak guns, supplied by all the Communist nations(China, U.S.S.R., E. Germany, Czechslovokia, etc), 122 mm howitzers, billions of rounds of small arms munitions, RPGs, anti-tank guns, etc. They were many times well armed than you ignorant uneducated Hill Billies.
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They are treating it by filtering it, but they cannot get rid of the tritium. That is almost impossible to remove. What Japan is doing is treating the water, diluting it with sea water, and releasing it into the sea. Tritium will not affect you if you touch it, but ingesting it is harmful and can have long term health affects in the future. The half life of tritium is 12 years.
All nuclear power plants discharge treated reactor water into the ocean, this includes the USA, UK, Canada, China, France, South Korea, and Romania.
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Foreigners ship us their goods, and the U.S.A. gives them U.S. dollars. However, these foreigners can buy American wheat, rye, cotton, coal, rice, millet, oil, palladium, copper, lead, iron ore, silver, gold, jet engines, aircraft parts, small arms, munitions/ordinances, chemical fertilizers, automobiles, chemicals, concrete, medical equipment, medicines, beef, pork, chicken, movies, franchise goods, aircraft, helicopters, real estate in the USA, productive land, manufacturing machinery, etc.
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@ryanjohnson4515 You still need to produce hardware to fight a war whether that be military drones, electronic jammers, guided missiles, fixed wing aircraft, helicopters, main battle tanks, aifvs, APCs, etc. The software is used in conjunction with military hardware. Drones can be programmed to find targets, and that is software being used to control military equipment.
Ground, air, and sea assets can be integrated into a single command structure. That is software, but without the hardware it means very little.
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@TheFettMan Manufacturing jobs are like working in a fast food restaurant. When I was 19 years old, I did work retail, and fast food jobs. I didn't want to do that for the rest of my life, so I went to university and graduated.
Instead of working crappy jobs, I can have better paying jobs. Just look at Japan, Taiwan, Singapore, and South Korea, they evolved from low end manufacturing to advanced technology. Those countries can sell the components and parts to make machines.
Most of the profit isn't in selling manufactured goods, it is in selling parts. Don't believe me? Computer manufacturers, like HP, Dell, Lenovo, and others have profits in the single digits. The companies that are making the real money are making the key components to those products, like the CPUs(Processors), GPUs(Graphics cards), ram modules, storage devices, motherboards, etc. If you can take a resource and process it into something usable then you make all the money. You have the power of producing things out of nothing.
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@tikigodsrule2317 That depends on what you are making. As for homes, most of the lumber is from the US, cement is from the US, dry wall might be from another country, light switches and wiring might be from China, etc.
If all the components and parts that went into manufacturing in the USA were made in the USA then, most people couldn't afford it. The cost of labor is 5 times more in the USA than it is in China, 37 times more in the USA compared to India, 27 times more in the USA compared to Vietnam, etc, etc.
If a smartphone was made in the USA, it would cost $4000 to $5000 or more. The computer you are using would cost $4000 to $6000. That Ford Focus or Toyota Corolla would cost $45,000. Most Americans couldn't afford to buy what they could buy now. A lot of people make a living with using those things. For example, I am a computer programmer, I use computers to write computer code. Others use computers to edit their videos, and cameras to produce videos. Others use their cars and smartphones to do rideshare and deliveries. People who make furniture assemble stuff, like screw, hinges, pads, and other components. All of which aren't even manufactured here.
No one country can produce everything they need at the right price. They can try to produce all the parts, components, and materials, but they don't because it is too expensive.
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I still use hard drives, because it has a very good price to storage data ratio. I equate the SSD to a ROM disks that we had back in the 1980s for computers, the ROM disk had the operating system and programming languages like BASIC built into it. I use SSDs to store the operating system these days, but the programs are stored on hard drives because it is the most cost effective way to store data. I guess it is more like a generational thing, the younger generation will be more accustomed to small form factor PCs, smartphones, tablets, and laptops. For me, I prefer to use a computer on a desk with a keyboard, large monitor, mouse, and a large tower on the side.
In the future, we will certainly see less and less desktops PCs, because most people don't need a lot of power to do the everyday things they do, like surf the internet, go shopping online, check email, etc. For people who do actual work on computers, like computer programming, CAD(Computer Aided Drawing), video editing, modeling, store massive amounts of data, and other tasks like these will still use desktop computers.
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@nikunjdeeep Without oil, you don't have a economy. India can join the Western bloc, the Western bloc is the biggest consumer of oil.
Oil Production of BRICS countries and countries that want to enter BRICS, and excluding India.
_________________________________
Russia: 10,503,000/day
Saudi Arabia: 10,225,000/day
Iran: 2,546,000/day
Brazil: 2,852,000/day
Iraq: 4,260,000/day
Indonesia: 887,000/day
_________________________________
Total Production: 31,273,000/day
Oil Consumption for BRICS countries excluding India.
China: 14,225,000/day
Saudi Arabia: 3,544,000/day
Russia: 3,238,000/day
Iran: 1,922,000/day
Indonesia" 1,615,000/day
Brazil: 3,018,000/day
_________________________________
Total Consumption: 27,562,000/day
Surplus: 31,273,000/day - 24,562,000/day = +3,711,000/day
____________________________________________________________________
Western Bloc Oil Production Including India
USA: 11,567,000/day
India: 746,000/day
Canada: 4,656,000/day
_________________________________
Oil Consumption
USA: 17,178,000/day
Japan: 3,268,000/day
Canada: 2,282,000/day
Germany: 2,045,000/day
South Korea: 2,560,000/day
India: 4,669,000/day
Australia: 1,100,000/day
Netherlands: 973,000/day
Spain: 1,272,000/day
U.K.: 1,586,000/day
Italy: 1,253,000/day
Belgium: 662,400/day
Poland: 517,000/day
Sweden: 316,000/day
Greece: 299,600/day
Austria: 262,000/day
Portugal: 227,000/day
Switzerland: 217,400/day
Finland: 200,700/day
Romania: 182,000/day
Israel: 199,900/day
Czech Republic: 180,000/day
New Zealand: 167,700/day
Denmark: 158,000/day
Hungary: 155,000/day
Ireland: 144,000/day
Bulgaria: 85,580/day
Slovakia: 84,290/day
Luxembourg: 54,000/day
Cyprus: 44,000/day
Iceland: 19,800/day
_________________________________
Western Bloc Countries Oil Consumption Including India: 42,362,370 barrels/day
Deficit: Deficit: 16,969,000 barrels/day - 42,362,370 barrels/day = -25,393,370 barrels/day
India would be a drag on the Western Bloc, India can go with the West, but it will be cut off from oil.
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@marvinmallette6795 I drive to work about two times a week, and it takes me about 2 and a half hours to get to work, and 2 and a half hours to get back to work. The round trip is about 325 miles, so it costs me about $59.58 in gasoline every time I go to work. It costs me about 9.9% of my daily wages to get to work and back. It really depends on how much money you make per hour. .
The average person drives about 1 hour and a half to get to work. They would spend about $35.75 to get to work and back, or about 29% of their daily wage to get to work and back. Regular gasoline costs about $5.50/gallon where I live. If you live in the middle of nowhere, you are going to get wiped out by the high fuel costs.
For me, I don't have a wife, and my son I live with is grown up. He doesn't ask me for money, he works and goes to university. My house is paid off, so I don't have a big burden. Its the people who have young kids, and a family with a lot of debt who will suffer the most from this inflation.
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@Silver_Prussian GDP represents what is produced in the entire economy of a nation.
I know for certain that Russia lacks in the semiconductor industry, because they cannot produce all the microprocessors that they need. You need microprocessors to produce guided missiles, avionics for aircraft, thermal optics, drones, ballistic computers for main battle tanks, radars, etc.
How is Russia going to get these chips when there are economic sanctions against Russia? Modern warfare relies on integrated circuits and chips.
I am not saying Russia can't produce main battle tanks, aircraft, artillery pieces, and other types of armored vehicles without integrated circuits. They can, but they would be at a severe disadvantage against more advanced weapons the Ukrainians get from the West.
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@lw1343 It's really complicated. For someone like who bought a home in the late 1990s for about $100k, and saved and invested more than consuming it is in a position not to use credit cards to get by. My parents who bought their home for about $45k back in the 1970s are comfortably retired. If you bought your home in 2020, 2021, or 2022, you would be hot water now.
I lost my job last year, and now I just work 2 part time jobs working about 30 hours week. Was making a 6 figure income before I lost my job, now my income is a fraction of that. Even with that, I am not struggling, because my home is paid off. My car is paid off, I paid off my university education decades ago, and have no debts life isn't that hard. My brother lost his job and he and his wife moved in with me, and they are helping me pay my property tax, utility bills, and fix anything that breaks, like appliances, AC, water heater, etc. My bro had a lot of debt, and he lost his job last year. He lost his home, but he is working some part time jobs, and his wife is working. They couldn't afford to rent an apartment, so I let em move in with me. My son moved in with me, he graduated last year, and he is currently working making about $75k/year working a part time job as a computer scientist. He can't afford to buy no house, especially in the area where he lives. The average house here costs $750,000 to $800,000, and this for a home with a 3 bedrooms and 2 baths.
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hunlywestside, farms surviving this will depend on a few thing, like does the farmer have deep reserves of cash to take the losses, can they adapt fast enough, and can they replace the market they lost.
It isn't just to affect farmers, it will affect the people who sell the stuff to the farmers, like the tractor manufacturers, people who sell seeds to farmers, the petro-chemical industry, etc. It will have a ripple effect on the economy.
Most of the farms we have today are large industrial/corporate farms that focus on mono culture. They grow just a few key crops, like soy, corn, wheat, etc. If they start cutting back, it will affect other sectors of the economy, like I stated earlier.
In turn if those other industries are affected in a negative way, they will lay off hundreds of thousands of people. That will have another ripple affect on local economies. The people who once had jobs will affect restaurants, and other local businesses. People who lose jobs will default on loans, and cause more foreclosures. You will have a lot of farm bankruptcies too. You have to take other things into account, like foreigners not buying treasury bonds or U.S. debt. This will cause interest rates to go up and up. Putting additional burdens on the population; after all, the U.S. population is heavy in debt. Making interest rates highers will only compound the interest. It will be painful, and we will have a 2008 type of recession. I am absolutely sure of it.
Interest rates going up would be a good thing for me, I would just move all of my money into a savings accounts and accrue high interest rates. For most Americans, it would be devastating.
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@yellowblanka6058 It depends on how programmer decide to distribute the work load. For more complicated applications, like CAD(computer aided drawing), 3d games, 3d modeling applications, etc. Those types of software can distribute the workload with GPUs(Graphics Processing Unit), and different cores. The GPU can process all the polygons, textures, and other 3d computational tasks. The CPU can assist in the graphics processing, but it can also do other tasks like processing AI(Artificial Intelligence), networking functions, and do other basic functions which help your program interface with the operating system's kernel.
I have a Dell Precision T5500 with 2 processors in it, and I do a lot multi tasking tasks with it. I would use it to compile programs, edit videos, steam a video, open office applications(databases, etc), read email, etc. Having two physical CPUs with multi-cores reduces the CPU % usage, because the processes are being shared by two processors.
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Steevee Keys, I am a middle aged white man, but I am doing alright. I don't have a wife or kids. I make decent money, I don't have a full time job, I just work as a independent contractor, I do web development, software development, and any kind of computer work.
The middle aged white guys who don't have much education are the ones who lost out in the past 40 years. The economy we live in today requires a high level of skill. If you work for a company as a part timer, full timer, or a independent contractor, they do require you to know some computer programming. They all require at least a 4 year bachelor's degree or more. If you have just a high school degree, they won't even look at your resume. Even a file manager requires a 4 year degree, previously they didn't require it. I think it has to do with the lack of good jobs in the economy, so it is getting more competitive that is why the require a bachelor's degree for jobs that don't really require it.
If you are smart, willing to learn new things, adapt, and willing to work hard, I think you can make it. It is getting harder and harder to get by these days.
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Bruce Marmy, instead of being angry and being self destructive, you could do something about it. You can get a group people together, and start a worker cooperative. Pool your resources together.
You can go to a community college, and learn useful skills. You can learn automotive technology, you can take a class about programming, you can learn about office software like Microsoft Office, and other useful skills. You can find a job with it.
I am not looking down on anyone, but voting for people like Trump who don't represent your interests is being self destructive. Hating on other races, ethnic groups, and scapegoating doesn't solve anything either. Either you can be constructive or destructive. It's up to you.
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@reptilexcq2 There is no need to do that. If US companies want to produce stuff to sell to the US market, because they cannot sell it in China is ok.
The point is, US companies cannot compete in China, because the Chinese people can buy Chinese products which cost less and are comparable to US products in quality.
They can leave the China market, like so many other foreign companies did, like Hyundai, Samsung, Google, Amazon, etc. A lot of these American car companies are having difficulty selling their cars in China, because competition from Chinese EV companies, like BYD.
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@NeostormXLMAX The reason why these US companies and foreign companies went to China was to get access to the massive Chinese market.
Since they aren't doing well in the China market due to competition from Chinese companies, like BYD, Huawei, Yangtze Memory Technologies, Xiaomi, Lenovo, Oppo, ZTE, NIO, Geely, etc. They really have no incentive to stay in the China market.
It is perfectly fine for US and other Western companies to produce their stuff in China and export it to their home countries or other countries. It's fine, because they are hiring Chinese people. Having these foreign entities exist in China will not hurt China at all.
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@basook6116 If you have a full scale trade war, I am sure China can do things to the US that would hurt them severely. They can do a number of things, like cut off rare earth exports to the USA. The US doesn't have the technology to process and refine rare earth minerals, and it would take a decade to develop this technology. Plus, most of the rare earth minerals are in China.
If you tried to produce everything in the USA, most people couldn't buy it. It would cost too much. Wages haven't gone up here for years, wages have been stagnant. The only reason why the US was able to cope with this was by importing goods that were produced with cheaper labor. To rebuild the manufacturing infrastructure the US lost through the years would take years. There are things we need, like shoes, car tires, ball bearings, parts for air conditioners, car parts, printers, scanners, fax machines, monitors, televisions, parts for computers, screws, nails, clamps, etc. A lot of those things aren't produced in the USA. We need these things to run the offices, and businesses. Are Americans going to wait 5 or 10 years until the infrastructure gets built to build all these things, because we need these things now.
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@basook6116 Eventually, it will all lead to hyperinflation. The U.S. economy is highly leveraged with debt. For example, most of the homes in the USA aren't owned outright, most Americans have mortgages. Most of the automobiles aren't owned outright, they are being financed with auto loans. If a major recession happened, people in the US will have some serious problems. If loans can't be paid back, it causes a banking crisis. This is why interest rates had been kept at near zero from 2009 to 2016, and it is about 2.5% which is still very low. The Federal Reserve is trying everything to avert a recession for this reason, but eventually a recession will happen even if interest rates are artificially lowered.
When the dollar is no longer the world reserve currency, or if the dollar is used less in international trade. You will see a lot of problems in the United States. It won't be the end of the world, but a lot of people who are highly leveraged will get wiped out. If you live in the US, and you don't have any kind of debt including mortgages. Then, you will better shape than most. If you have a lot of debt, hard times are coming.
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Tamika Hodges, basically the price of everything you need to survive, like food will come down in price. At the same time, the price of everything you want, like smartphones, electronic gadgets, automobiles, and other consumer goods will go up in price.
Real estate prices will probably drop too, because foreign investors will use less of their money to speculate real estate in the USA. That means lower home prices. The stock market will also tank, because a lot of the profits Wall Street firms make is from the global market.
If your a old man who retired then you would be screwed. When the stock market and real estate market crashes, these pensioners will see a big reduction in their 401k and pension payouts. I guess, the Baby Boomers are screwed then. LOL
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In order to get jobs in the USA, you have to graduate from a 4 year college/university. You need to get an office job, or become a professional, like a doctor, lawyer, accountant, engineer, computer scientists, technologist, commercial pilot, ship captain, businessman, bureaucratic paper pusher, scientist, researcher, nurse, technician, radiologist, etc. You need a college degree to get anywhere these days. If you don't get a college degree, you need to get vocational skills.
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@arleneaugustahair8393 The government knows who was there with the cellular phone gps logs. If you carried a smartphone to the DC riots, they already have all data on who was there.
All the FBI has to do is to get all the flight logs from the airport, pictures from the riot, gps data, posts from social media sites, and compile the data.
Since a lot of these idiots bragged about what they did, it will not be hard to find, arrest, detain, and charge them. The FBI and local authorities will notify the media, and their employers. This will get them fired, and if they have businesses then the public would know.
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KLM738XO, you can get around tariffs. Harley Davidson is a fine example. They can move their production to a country where tariffs can't affect them. If Chinese manufacturers wanted to avoid paying tariffs, they ship it to Thailand, India, Indonesia, Sri Lanka, South Africa, or where ever. Then, they can put a stamp on the goods that it was made in in Thailand, India, Indonesia, etc. That is almost the same thing as Harley Davidson did. Better yet, Chinese companies can move their production facilities to Vietnam, India, Nepal, Zimbabwe, Sudan, or where ever. The cost of labor in those countries is a lot less than it is in China. LOL
You meat heads are dumb.
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@shobvious You can make the same argument with the Taxi cab industry with the one you made with Amazon. Amazon is actually paying their workers more, but they do want to get the productivity out of their workers. Workers at Amazon are required to process 700 + packages per hour, they are trying to maximize their efficiency from each worker. If Amazon was forced to pay their workers more, it would give brick and mortar retail a chance to survive.
From what I can see, Amazon is using the money they got from their stocks to stay afloat. As their stock rose, more people bought into it. I am sure big hedge fund managers, people who manage 401ks, pensions, etc all bought Amazon stock because it starting going up. In 2008, Amazon stock was about $58/share, and today it is about $2300/share. In my opinion, Amazon is able to operate a business with making almost no profit by tapping into their stock funds. Uber was able to subsidize their lack of profit with their stocks. Their hope was to drive all the cab companies under, and in the very near future they would be able to have a fleet of self driving automobiles. That didn't happen, so their stock started to tank.
As for online businesses, they really aren't that profitable, because you have to ship each individual item to each person. If you get a lot of returns, it becomes very unprofitable. In a brick and mortar store, items are ordered in bulk, so this brings down the cost of shipping. Amazon is following the same business model as Uber and E-bay, they will let individual buyers sell, but they charge them a fee. This way, they don't have to take any risk while they collect the fees for letting people use their platform. Uber isn't a transportation company, they connect people with a phone app using GPS technology. They get their cut no matter what, the drivers take all the risks, they have to pay the maintenance costs for their vehicles, and they can set the rates to whatever they want.
In reality, capitalism is very similar to feudalism. Except in feudalism, you had the nobles who controlled all the land, and they let their peasants work on it. In the modern day, you have landlords who just collect rent from their tenants whether they be people in apartments to commercial tenants. In cyber space, you have large platforms, like Amazon, E-bay, Uber, and others that let you use their platform for a fee. You have to pay closing fees when you make a sale on E-bay, pay a monthly fee to sell on Amazon, and Uber can take a cut out of your profits.
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@shobvious When the US was developing, you did have upward mobility. These days, there isn't much upward mobility. Unless your family has assets, you will pretty much be at the mercy of others.
You will have to borrow money from others to get anything done. If you want to buy an automobile, buy a home, get a college/university education, start a business, etc you need to borrow money to do it.
As a result, more and more people become indebted. They need more and more money to service these debt obligations, so they work 2 to 4 jobs to just get by.
When a recession happens, a natural disaster, or in this case a pandemic, people get wiped out.
You should have at least 6 months worth of savings, but most people don't have $1000 in the bank. Now people have to choose to go back to work, risk dying from this coronavirus, or starve to death. Both choices are bad.
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@shobvious I was born in the 1970s, and I pretty much saw the gradual decline of the American working class. Ever since Reagan became president, people have gotten poorer and poorer.
There are a lot of reasons for these growing inequalities. One of the biggest reasons was due to the computer revolution which started in the mid 1970s. Engineers found ways to to mass produce printed circuit boards, integrated circuits, and silicon wafers. This made it possible to integrate electronic micro controllers on almost every piece of manufacturing machinery. They also found ways to make robotic arms, and program these things. This lead to the devaluation of labor. In addition to that, you had the outsourcing of jobs to countries in Eastern Asia, like Singapore, Hong Kong, South Korea, and Taiwan back in the 1970s and 1980s.
I can understand why companies do it, they have to remain competitive. They have to compete against their foreign competitors. That would be a double whammy for working class Americans, and the value of their labor was devalued as a result.
Over the years, computers have gotten less and less expensive. They also became easier to program with many different high level programming languages, like Pascal, Cobol, Fortran, Basic, Visual Basic, C++, C#, Java, PHP, Python, etc. With Artificial intelligence being developed with voice recognition technology, and image recognition technology the sky is the limit. In a decade, I can see mass unemployment on the horizon. This will only exacerbate the inequality problem around the globe and in the USA.
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Mark Evans I tried what you said before, it didn't work. It is impossible to find any kind of stable work if you live abroad. You can't buy land, you have to leave when your passport expires. You have to be a constant nomad, and there is no stability or future in that kind of life.
As for me, I am a computer programmer, and a IT specialist. I don't have any problems finding work here. I can get a job in any small, medium, or large firm. The US isn't sinking, the economy is quite robust. How do I know? I know we have a lot of manufacturing production here. Unfortunately, most of it is highly automated, we produce more things than any country in this world. Only China produces slightly more than the US.
Just about everything you buy in the grocery store is made in the USA, like paper towels, toilet paper, foil wrap, chicken, corn, beef, pork, breakfast cereal, canned goods, soda pop, beer, wine, hard liquor, produce, rice, bread, etc all made here. Sure, we import stuff from other countries, like smartphones, computers, computer parts, various types of electronics, clothes, hats, tripods, cameras, networking equipment, and other things we want. We also produce very expensive items, like helicopters, large commercial jets, small 2 engine commercial jets, automobiles of all types, large manufacturing machinery, jet engines, software(Microsoft Windows), medical equipment, pharmaceuticals, and other things.
The US isn't a sinking ship. The people just have to take it back, and we can. There are more of us than there are of them.
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@jgalt308 Wages rose with inflation, and we have a lot more better jobs today than we did in 1910. Unskilled wages stayed stagnant, but skilled wages did go up. As for automation, you just have to be creative. Artificial intelligence may be good at doing repetitive tasks, but it can never come up with new ideas. The new kinds of artificial intelligence can do more than repetitive tasks, like doing routine tasks. Having automated offices and factories before, you still need people there, but less people are required. If you employ computers, software, and machines, it could reduce the amount of hours you work at a certain job. I am sure AI will only get better, and we will have to have some kind of universal basic income system. Not everyone can be a professor, doctor, dentist, registered nurse, a nurse practitioner, engineer, scientist, technologist, technician, lawyer, accountant, architect, or some other skilled profession which requires at least a 4 year university/college degree. You need licenses, and degrees to practice certain professions. That is something machines can't do.
In addition, you have skilled tradesmen, like plumbers, craftsmen, people who do roofing, general contractors, electricians, and others jobs of this type which is very difficult to automate. You have creative people, like musicians, authors, artists, and others who can create unique things. Those jobs can't be automated. A lot of jobs are unfortunately on the chopping block due to artificial intelligence. You can sort of see it now, like when you go to a McDonalds, they have kiosks that take your order instead of cashiers. When you go to Home Depot, you have self checkout lanes, and you have these in supermarkets as well. When your doctor sends you to a lab, you check in with a computer terminal, and there is no receptionist. Truck drivers don't have to be used for long drives across the vast distances they drive. You can use one truck to lead a convey of lets say 15 trucks, the first truck will have a human in it, and the other 14 will be automated. When you go to a populated area, like a city you go to a hub, and truck drivers can take over. They will certainly be working less hours, and be making less money.
AI will be assisting people, and as a result people would work less hours. That's why we need a Universal Basic Income.
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@jgalt308 Why do you care about inflation so much? In this day and age, all the information is out there to get the skills to get you a good job. You can literally search Google, and learn about HTML, Java script, C++, C#, Linux batch scripts, Dos batch scripts, learn computer assembly languages, learn about networking, learn about servers, learn how to fix motherboards, fix computers, etc. All this information is out there. Back when I was growing up in the 1980s and 1990s, we didn't have any of that stuff. There was no Youtube, Google, Facebook, or any of that stuff. We have 12 television stations which I was growing up in the 1980s. Most of the information I got about computers was from magazines. If people of my generation did run into problems, we had to solve these problems without any help. If we didn't understand something in let's say in differential equations class, I would go to the professor and get help or from my friends. You people have access to all these opportunities, and you still complain!
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portallatro No systemic collapse will happen, because everything will be running. Everything from your garbage being collected to the power plants generation electricity. The factories that produce your napkins, processed foods, tissue paper, and other things will still be running. Most of these factories and manufacturing plants are already highly automated, the only thing they don't need is a lot of people working in them. You will be able to go to Walmart, Home Depot, etc and buy what you need from a kiosk. You will be able to order whatever you need and want from Amazon or some other online outlet. The trucks will continue to deliver the goods to the stores, the oil fields will continue to produce oil, the solar power plants will continue to produce electricity, the hydro electric dams will produce electricity, the children will still go to school and play, and people will go on with their lives.
If you don't have a university/college degree or higher then you will be working in the Gig economy, and struggling for a living. If you can't hack that then you can always go live in a tent on the sidewalk. If you can't be resourceful then you will be out of luck. A lot of people will collapse and go into destitution, but the system will not collapse.
Stop projecting your fears and anxieties on other people. When the dust settles, the U.S. is going to resemble a lot of Latin American countries, where you have a few rich people and a lot of poor people. That will be the new reality. I know this is going to happen, because a lot of people here have voted that way since the 1980s. They had been duped, just look at all the Joe the Plumbers out there, blue collar Joes who vote against their interests.
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Other countries buy more than just food from the U.S., Boeing A310s, 727s, 737s, 747s, 777s, etc are all used by just about every international commercial air service. American medical equipment, & medications are used by almost every country. The U.S. F-15s to Saudi Arabia, S.Korea, and Israel for billions. 1 F-15C is worth about $35-$50 mil, and 1 F-15E is worth $65-$100 mil. The U.S. also has tons of natural resources, like oil, coal, copper, lumber, uranium, etc. The U.S. is still powerful.
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I know a number of people that lost their jobs and had their hours reduced in the past 5 months. We have a lot of Gig jobs now with no benefits, like Uber, Lyft, Amazon delivery, Deliveroo, etc. People do stuff like e-commerce on platforms, like Ebay, Amazon, Mercari, etc. Other people make a living with social media, like Facebook, Youtube, Twitter, Intagram, etc. People who are into affiliate marketing write articles on their websites, make content on social media, and link it to affiliate links and make a commission. People who make apps sell their stuff on the Google app store, there are so many avenues to make some income. We didn't that back in the 1980s and 1990s, because the internet and smartphones weren't a thing back then.
We can do a lot more these days to make a living without taking a traditional 9 to 5 job in the 21st century.
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There is something greater than renewable energy, like solar panels, wind turbines, hydrogen from electrolysis, and ethnonel 85. Those renewable sources of energy aren't very efficient. In some cases they use more energy than they produce! We have much better stuff that has been shelved, like implosion engines, cold fusion, Tesla magnetic engines, Stan Meyer's engine, Tesla towers, zero point, and other free energy devices. I agree with you on healthcare, it is very expensive in the USA.
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If you want to fight a war, you need mass mobilization. You can't expect to fight a war with private militias, only the national government can fight a war or a pandemic. Republicans and conservatives believe owning small arms can prevent a invasion, they also believe their small arms can stop jets, armored vehicles, drones, strategic bombers, tactical nuclear weapons, nuclear submarines, destroyers, cruisers, etc. LOL
Before World War 2, F.D. Roosevelt mobilized the country to build up defense industries. This was 2 to 3 years before World War 2 even started, so he prepared in advance by following the advice of military people. On the other hand, you have someone like Donald Trump, who ignored his advisors and didn't prepared in advance. Look at the difference. If Trump was president in the 1930s, we would have lost World War 2.
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You know the people who are going to get hurt by Trump's policies the most will be the baby boomers. Every economic policy Trump did was bad for the Baby Boomers, like starting a trade war, deficit spending, the tax cuts, cutting Medicare, and cutting Social Security. The trade war Rump started will push foreign investors to stop buying U.S. treasury bonds, and this will push up interest rates. That is bad for the stock market, and a lot of these pensions, and 401ks are tied to the stock market. The deficit spending and tax cuts will cause interest rates will spike. This means, Baby Boomers are going to have their retirement funds greatly reduced or even wiped out. The checks they were getting every month for their pensions will be a lot less. Cuts were made in Social Security, so the amount they receive from that will also be reduced.
At the same time, you have inflation because of Trump's reckless economic policies. The trade war will cause the price of goods to spike, and that is also inflationary. The baby boomers who voted for Trump are going to suffer some severe hardships when the stock market crashes.
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Moving the interest rates from 2.25% to 0% will not stop a recession. If the interest rates were set at 8.5%, and if it dropped to 0% it could have an affect. Trump will try to make the stock market look good by moving interest rates into negative rates? Good luck with that. If you have any money in a bank account, you will be charged for it. If interest rates were negative 2%, you will lose 2% of your deposit every single year. No one is going to buy US goods if US puts up trade barriers, Navarro is an idiot, or he is lying.
What about the auto industry in the USA, that exported automobiles from China? What about the Boeing aircraft China ordered from the USA? What about the beef, pork, chicken, soybean, corn, rice, and other farm products that are blocked from entering China? These exports from the US to China will be blocked with tariffs. The US companies that exported this stuff now have a surplus of these cars, aircraft, farm products, and other things. As a result, they will have to lay people off. The steel and aluminum industries Trump tried to protect with tariffs will have less orders due to less demand for these products that use these materials. They will have to lay off people in these steel and aluminum plants. Trump is clueless. China has been shedding a lot of factory jobs before Trump became president, because the cost of labor is more expensive in China compared to other surrounding countries. China will still have the electronics industry, because they control most of the rare earth minerals that is essential to produce these things. They also have the industrial infrastructure to produce a lot of the components that goes into making computers and electronics. We will still have to buy computers, televisions, smart phones, and other consumer electronics from China. Navarro is an idiot, and Trump is the biggest idiot. A failed businessman running our country, and he will run it to ground.
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@kevinkohlman9884 You can believe whatever you want, but if CNN or any mainstream media outlet makes things up and releases to the public. They are held accountable for it, they can get sued for libel, etc.
Alex Jones Infowars got sued for libel by making up a false story that Sandy Hook was staged, and Pizza Gate was where elites at children at a pizza shop. Alex Jones is facing real lawsuits. He got deplatformed for violating terms of agreement on Youtube, Facebook, Twitter, Apple, and other media platforms. Paypal shutdown his account.
If you are a media organization, you are responsible for the claims that you make. If you make false claims, like Alex Jones you can be sued and lose everything you have.
If the mainstream media was so fake like you claimed then try to sue them. Prove that their claims are false.
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Sterling Bailey A lot of people have fallen behind in the past 40 years, you have a lot of angry people who saw their standards of living slowly being diminished for the past 35 to 40 years.
We had things, like de-industrialization, outsourcing, mass unemployment due to automation + technology, and the increase of low wage jobs. Trump did make a lot of promises to desperate people who are living in Rust Belt states, and parts of the country that are depressed due to de-industrialization.
Trump made promises to try to return industrial jobs to the USA, but those promises cannot be kept for a number of reasons. Companies and corporations will keep automating, because the technology is cheap and available to implement it. Companies and corporations will still produce things overseas, because it is much less expensive to do so. If they put trade barriers against China, there are many other countries where wages are lower than China to produce goods.
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From 1975 to 2021, the people who have been abusing drugs, alcohol, and committing suicides at a higher rate were and are men who have less than a 4 year college degree.
A lot of the jobs that existed in the 1970s and 1980s have simply been automated. Before integrated circuits and printed circuit boards became affordable, you had a lot of things for people to do in manufacturing plants and factories in the U.S.A.. Someone in a factory could use this press to make templates for parts, or direct conveyor belts. After programmable micro controllers became cheap and available in the mid 1970s, programmers could simply use mathematical algorithms to automate such repetitive tasks. You don't need a human to stamp parts, a machine directed by a micro controller can do this task day and night. Conveyor belts can be programmed to direct the flow of materials and parts. As a result, a lot of jobs that used to exist and which paid decent wages got eliminated in the 1980s. Before, you were able to get out of high school and find a manufacturing job and work there for 30 years and retire.
Human labor became less and less valuable as more and more tasks were automated by computers. In addition, you had many more industries in the 1970s up to the 1990s. For example, people had walkman radios, pocket calculators, alarm clocks, wrist watches, gps device, answering machines, analog phones, pagers, video game consoles, video camcorder, camera, electronic pocket game console, electronic pocket organizers, clocks on walls, mp3 players, tape recorder, cable box, VHS/Beta tape players, DVD players, etc. All of that had been replaced with computers and pocket computers called smartphones. In your pocket, you have a phone, alarm clock, watch, organizer, voice recorder, flashlight, video streaming via broadband internet connection, music player, gps device, video player, video game machine, video camera, camera, etc. As a result, many industries had been negatively affected.
As a result, you have to be involved in the knowledge economy, and convey it in a digital platform. In order to take advantage of these opportunities, you have to be well educated.
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Existence is Everything, if you used your student loans to study to become a medical doctor, scientist, engineer, computer science, architect, dentist, or something more practical you would be able to pay your debts. Everyone knows, it isn't easy to get a degree in those majors.
It isn't because they dumb, they were ignorant and naive. They never lived life, and they ignored good advice from their parents. Some never got any good advice from their parents. My father talked me out of making unwise decisions when I was growing up. He talked me out of signing up for the navy after I graduated high school. He gave me advice to go to a community college before I go to a university first. I didn't have much debt after I graduated from the university, and I had viable skills after I graduated. I also grew up with a generation of parents who didn't really coddle me. The parents of Gen X were pretty strict and real. My parenting was pretty good.
The Millennials on the other hand had parents who rewarded them for losing, and telling them they were special. Parents can't just tell their children they are special when they are not. The Baby Boomers telling their children that they can go to college and become special. Unless you study something difficult, like to become a physician, engineer, computer scientist, scientist, or something like that. You aren't special at all.
I met a lot of Millennials in the workplace and they are pretty flaky. They really think very highly of themselves when they don't have anything to show for it. They are really bratty and entitled. They always ask for a raise. This is because they have a lot of college debt I would assume. It is a pity these people didn't have good parenting and they are paying for it because of it.
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@freespeech515 You can buy the same products on Aliexpress for much less compared to Amazon.
I usually buy electronic components from Aliexpress, like power adapters, single board computers, microcontrollers, resistors, potentiometers, circuit boards, and other electronic components I use in engineering projects.
On Amazon, I buy more expensive consumer goods, like expensive graphic cards, big screen LED televisions, X64 computers, printers, and stuff like that.
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@markoconnell804 They do have a lot of automated manufacturing plants in the USA that produce automobiles, parts for automobiles, semi conductors, processed foods, etc.
Most of the manufacturing that required a lot of labor inputs were exported to other countries due to the cost of labor in the USA.
We already have those highly automated manufacturing plants in the USA. The kind of manufacturing jobs China is doing requires partial automation. It does require labor inputs or hands.
A lot of people don't want to do business in the USA for other reasons, like regulations, taxes, labor laws, etc. You don't have those problems in other countries. The cost of land to setup those manufacturing plants and factories costs way more. The cost of skilled labor, like hiring engineers, technicians, technologists, skilled workers, etc.
Besides, there are countries where the cost of labor is less expensive than China, like India, Vietnam, Bangladesh, Nepal, countries in Africa, countries in South America, etc.
Most of those highly automated factories and manufacturing plants are already here.
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I am 48, and I was working part time for this company for 9 years, and my wage went up $0.78/hr.
I did have a good job that paid a 6 figure income, but these days I just work a part time job and run a small business. When you reach your late 40s and early 50s, no one wants you as an employee.
Fortunately, I paid off my home, car, student loan debts, and have no debts. I still have to support my parents who are in their 80s, and I never got married. Now, I don't really care about getting married.
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Donald Kasper I don't think so stupid. There are products we need, like computers, smartphones, routers, monitors, clothes, automobile parts, fans, printers, parts for machines, etc. If it can't be produced anywhere else, you will pay 25% more. If you can't then I guess you can live without mobile phone, or the internet.
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@loveheals3173 I know how bad the public educational system is in the USA. I am a STEM major myself. When I was going to university back in the mid 1990s, I would say 80% of the students in the higher math, and science classes were foreigners.
I knew a few people who started out as STEM majors, but more than 50% of em dropped out. Most of them couldn't pass the higher end math classes, like Calculus 1 - 3, Differential Equations, Linear Algebra, Number Theory, Physics for Scientists and Engineers, and Chemistry classes.
I met people who were from China, Vietnam, Eastern European countries, India, Pakistan, and other countries. I didn't see many Americans in those classes.
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@loveheals3173 As for the exams engineers have to pass to become an engineer, the tests are the same across every country.
They give you 5 problems from physics, chemistry, engineering classes(thermal dynamics, mechanics, etc), and math. If you get most of them right then you can graduate as an engineer. It's the same in every country, USA, China, Japan, U.K., Germany, Netherlands, Poland, Russia, etc.
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@chaoscarl8414 I agree with that. I am a generation X, and after I graduated college and went into the workforce a degree was worth something. Today, it isn't worth much.
Most of the jobs we have are part time jobs or gig jobs that don't offer any kind of stability.
These days, i have a part time job, and the rest of my income is from e-commerce and online stuff. In nominal income, I am making less than what I was making 15 to 24 years ago. I a.m working more hours and making less.
I am fortunate than most, because my student loan debt, mortgage, vehicle debt, and other debts were paid off. Despite that, the cost of property tax, homeowners insurance, and the cost of living went up a lot in the past 27 years.
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Michael Van Kets, so you think Trump's policy of imposing tariffs on other countries to bring back jobs will actually work? I don't think it would work. It costs too much to produce in the USA, the cost of labor is too high. Plus, most of the parts for machines are produced in other countries to bring down the cost. Besides, the U.S.A. isn't the only market for goods. Global GDP stands at $107 trillion, and the U.S. economy accounts for $19 trillion, so that is about 17%.
You telling me, if you produce products in the USA, you don't have to export it to other countries? The U.S.A. can absorb the excess of goods produced in U.S. factories and manufacturing plants???? Let's say you have excess production, and you try to export it. Ok..... The U.S. imposed tariffs on a lot of countries, so if they export stuff from the U.S.A. they are all hit with tariffs. These products being hit with tariffs will mean they will be more expensive when they are exported to the international markets. People will buy less of them, because they are not price competitive.
The deregulation stuff is good for business, but Trump's idea of starting a trade war will only hurt the USA. You can produce things in the U.S.A. under Trump's plan, but it would only be for stuff that is sold in the USA. Therefore, companies will move more production overseas to avoid the tariffs. As a result, more American workers will get laid off in the long run. If you have companies that have all their production in the USA, they will become stagnant. Because they can't export their goods. They may even go bankrupt, because they can't compete in the global market. You have other foreign companies, like Volkswagen, Toyota, Samsung, Mercedes Benz, BMW, Hyundai, etc having access to cheap labor, and not impacted by the tariffs. They will invest more of their money in other countries, like Vietnam, India, Thailand, China, and other emerging markets. U.S. companies will get shut out of those markets. LOL
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@DV-dt9sq There are many types of spoons, forks, screw drivers, screws, radios, transistors, capacitors, alloys, internal combustion engines, computers, fans, dishwashers, printers, scanners, etc. Designers and engineers copied it, and made small improvement on it. No one has a fucking monopoly on patents forever you stupid asshole.
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@DV-dt9sq Trump isn't going to give you back your jobs, because none of these jobs will come back to the USA. It costs too damn much to produce here(USA). If it costs too much to produce in China, they can move it to India, Vietnam, parts of Africa, where ever labor costs less. It is just a race to the bottom.
If they do move manufacturing jobs back here, they will most likely move it into a fully automated plant/factory. Unless, you know how to program industrial machinery, and maintain them. I guess you are shit out of luck.
Guys like me just have to keep learning new programming languages, learning about different operating systems, learn about new types of devices that can be used in the business environment, learn about networking technologies, etc will have a job. It is getting hard to keep up with all this shit, I am in my mid 40s now. Life is so hard now.
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The U S isn't number one when it comes to a lot of things.
______________________________________
Steel production 2023
1. China - 1,032 million metric tons
2. India - 118 million metric tons
3. Japan - 0.096 million metric tons
4. U.S.A. - 0.0857 million metric tons
______________________________________
Aluminum production (2023)
1. China - 40 million metric tons
2. India - 4 million metric tons
3. Russia - 3.7 million metric tons
4. Canada - 3 million metric tons
9. U.S.A. - 0.860 million metric tons
______________________________________
Car Production (2023)
1. China - 26.1 million
2. U.S.A - 9.2 million
3. Japan - 7.8 million
4. India - 4.4 million
5. South Korea - 3.5 million
6. Germany - 3.3 million
______________________________________
Graphite Production (2022) Essential for making lithium batteries
1. China 850,000 metric tons
2. Mozambique - 170,000 metric tons
3. Madagascar - 110,000 metric tons
4. Brazil - 87,000 metric tons
5. Russia - 15,000 metric tons
6. Canada - 15,000 metric tons
7. Norway - 10,000 metric tons
8. India - 8,300 metric tons
9. N. Korea - 8,100 metric tons
10. Tanzania - 8,000 metric tons
11. Vietnam - 5,000 metric tons
______________________________________
Rare Earth Production (2023)
1. China - 210,000 metric tons
2. U.S.A - 43,000 metric tons
3. Australia - 18,000 metric tons
4. Myanmar - 12,000 metric tons
5. Thailand - 7,100 metric tons
6. Vietnam - 4,300 metric tons
7. India - 2,900 metric tons
8. Russia - 2,600 metric tons
______________________________________
Ship Production (2022)
1. China - 23,074,209 Gross Tonnage
3,999 ships produced
2. South Korea - 21,670,363 Gross Tonnage
2,303 ships produced
3. Japan - 16,241,929 Gross Tonnage
1,607 ships produced
4. Vietnam - 555,081 Gross Tonnage
332 ships produced
5. Turkey - 146,931 Gross Tonnage
327 ships produced
______________________________________
Gross Exports by Country (2022)
1. China - $3.715 trillion
2. U.S.A - $3.011 trillion
3. Germany - $2.060 trillion
4. France - $1.005 trillion
5. U.K. - $1.001 trillion
______________________________________
China is number one is all of these categories. The U S is no longer numero uno.
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I am not related to Hogg, but I can give some really good ideas to politicians who might want to ban guns. I have some pretty good ideas, like a 2000% Federal gun tax, and a 400% ammunition tax. The Federal government has the right to levy excise taxes on alcohol, tobacco, and firearms, this is why you have the Bureau of Alcohol Tobacco and Firearms(BATF).
In addition to that, local and state governments can also levy their own firearms and ammunition taxes. We may not be able to ban guns, because the 2nd Amendment is a constitutional amendment, but the government does have the right to tax firearms. It is enforced by a Federal Bureau called the BATF. All excise taxes must be paid when the item is produced, so there is no way you can get away from it. If you produce firearms and try to sell them that is a crime. Just like people who try to produce moonshine that is also a crime. The BATF goes after people like that.
I am fairly well educated, and most of you meat heads aren't. In the next election, the Democrats are going to become the majority in both houses, and Donald Trump might get impeached. In the next election, we will more than likely have a Democrat as president. We may not be able to ban guns, but we can make it so expensive only people with money can buy them. This will bankrupt a lot of gun companies and ammunition companies as well.
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@ExPwner There is no public safety net, like welfare in China.
If you have financial problems then you will have to rely on your family. There are government programs to provide inexpensive meals for poor and elderly people, but it isn't free.
They have something like social security in China, but for most people it isn't enough, so elderly people will rely on their children for support.
Despite it being a Communist country, people really like money, and are very materialistic. It is a highly competitive country. I am Chinese, but I wasn't born in mainland China, nor has any of my family members for centuries.
Overseas Chinese people like me don't value money, like that. It isn't the center of my life. I like material things, but I don't pursue it for the sake of it.
China is more capitalistic than any country in the West.
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Medical doctors and lawyers usually have their own practices. Doctors make most of their money in the hospital, but they do have practices to see follow up patients. Lawyers make most of their money in the courts, they too have their own practices to see clients. You're right, in general lawyers and doctors make less than they did 20 years ago. If you are a doctor, you have to go to more than one hospital, 20 years ago going to just one hospital was enough to make a good living. It isn't like that anymore. Also, most doctors share offices, so in one doctor office, you may have 3 to 5 doctors. Most doctors practices rely mostly on Medicare payments. It is because older people get sick, and they have medicare.
It is very hard to do a small business in the U.S. due to large corporations that compete with them directly. You have the Walmarts, CVS pharmacies, Star Bucks Coffees, Costcos, 7-11s, etc. Small businesses just compete, because they don't have the kind of resources large corporations have.
I am a skill worker with a university degree. I am doing alright, I do part time work for several companies. I do other things on the side, like buying servers, computers, getting them in working order, and setting them up. I buy and sell stocks part time as well. I am not getting rich, I am able to pay all my bills and help out my parents.
If you were a middle class person who depended on one job, it will be hard. If you can adapt to the changes, you'll be alright. There has been a lot of changes in the past 30 years, and a lot of people who can't get new skills and adapt will be left behind.
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It's definitely a rigged system, the people who control this society get to make the worst decisions and not suffer the consequences of their actions. Example, they load up their corporations with massive amounts of debt, and the government bails them out by buying their bad debts. When a economy melt down occurs, they get bailed out and become whole again. As for everyone else, they lose their jobs, they can lose their businesses, they get foreclosed on if they have a mortgage, get kicked out of their apartments, and they end up in the street. While this is happening, men will lose it abuse alcohol, drugs, abuse their families, etc.
Today, most people cannot afford to buy a home without a mortgage, they cannot afford to buy a car without a car loan, they cannot afford to go to college/university without a student loan, etc. In addition to the cost of living which goes up every year little by little. No wonder people are feeling depressed, hopeless, and they can't see light at the end of the tunnel.
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We have a lot of bubbles now, and cryptocurrencies is just another bubble. As you can see, a lot of these bubbles are popping, like the stock market bubble, the student loan bubble, the car financing bubble, the bond bubble, etc. These bubbles will all pop eventually as interest rates keep rising. The only thing that will save you are 3 things.
1. If your home is paid off, you will be better off than most people.
2. If you don't have any debts, and stable career, business, or a job you'll be fine.
3. If you saved up a lot of money during the boom times, you can relax for a few years. This coming recession will last a few years for sure. You can use some of that money to buy assets like depressed stocks, real estate, etc.
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@wingsofpurityofficial4031 I understand what you are saying. The average person in the USA has fallen behind. Most peoples wages had been pretty stagnant since the early 1980s.
One of my friend's father was working at Circuit City in the mid 1980s, and he was making about $50,000 a year. I know another guy whose father worked at some company, he was making over $50k a year. Fast forward to 2019, for most people wages have gone up very little.
I know the cost of living or inflation from 1980 to 2019 is about 250% if you gauge it with the cost of oil or gasoline. $20 back in 1980 was a lot of money, a cafeteria lunch in 1983 was about 50 cents. $20 would buy you 2 weeks worth of groceries. A backpack was like $5 to $10.
We had a lot of technological changes in 1980s, like computers and robotics were becoming more and more mainstream. I know industrial robots were widely employed in the 1980s, resulting in many people getting canned from manufacturing jobs. Programmable computers coupled with industrial robots and other industrial machinery results in more productivity. At the same time, it lead to mass unemployment and of resulting in the lowering of wages.
I guess, a lot of people are angry, so they voted for Trump expecting something different, because no one was helping them for years.
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Perhaps, countries need to sanction the W-est back by halting the export of critical resources and other goods, like uranium, aluminum, circuit boards, legacy chips, chromium, barite, graphite, etc. Without those things, it will help the We-st regress even faster.
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The US already produces the highest end CPUs, namely Intel based X64 CISC based CPUs, the kind of CPUs that go into desktop, laptop, workstation, servers, and main frame computers. The ARM based processors TSMC and Samsung produce are the lower end ARM based RISC processors. These things are used in everything from appliances to guided missiles. They are used to program micro controllers in automated factories, they used in your smartphones, used in drones, smart TVs, tablet computers, and devices that have power constraints. You can buy a single board computer with a RISC processor for about $25 to $90. For a CISC based CPU, one high end AMD or Intel CPU will cost you anywhere from $400 to $1,200 each. This idea that the USA doesn't produce the highest end processor is simply not true. LOL
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@donbrutcher4501 X86/X64 CISC based processors produced by American companies, like Intel and AMD are the most advanced chips in the world. This is why a top of the line consumer desktop CPU costs $400 to $900.
On the other hand, a ARM based RISC processor which is used in everything from appliances to guided missiles cost anywhere from $2 to $50. The RISC processor in your smartphone costs about $35 to $50 depending on processor. More RISC processors like the ones made by TSMC and Samsung are produced in the world, because they can be used in a lot of things, like washing machines, dishwashers, refrigerator, smart television, microwave ovens, drones, smartphones, micro controllers, single board computers, automobiles, etc.
The ARM RISC based architecture is owned by a British company called ARM. These types of CPUs are relatively simple, use very little energy, and they inexpensive to produce.
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If you can't find a good job then just settle for any job. People are needed, we need chimney sweepers, agricultural workers, seafood processing workers, dishwashers, delivery people, caretakers, waiter/waitress, security guard, etc. There are jobs, but you will just have to work 4 to 6 of these part time jobs to survive. That's it.
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@russianinvader3207 Yes, the Russian army has gotten more effective. They dug in and made multi layer defensive positions. Let the Ukrainian army attack without air support, and inflicted heavy losses.
The Russia army doesn't have to play into the strengths of the Ukrainian army. They can simply fight the war that it wants to fight. The point of the Russian invasion was to de militarize the Ukraine.
If the Ukrainians try to attack, they will concentrate their forces. Russian drones can spot them, shell them, use air strikes against them, and decimate them. If the Ukrainian army tries to attack in open ground, they will take losses from anti-tank missiles, mines, artillery strikes, air strikes, and drone attacks.
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Most hardcore Trump supporters are trolls, people who can't compete economically, men who hate women like Incels+mgtows, people who fell behind due to a lack of skills + education, and people who are bitter about life.
This is why, Trump's hate filled rhetoric appeals to these people when he targets women, Mexicans, immigrants, globalist(Jews), Muslims, etc.
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I put off marriage for years, I am about 42 years old. I simply cannot afford to get into a marriage, because I have to buy a bigger house which means I need to get myself into more debt, I need to have kids, and all these things incur extra costs which I cannot afford with the income that I make now. I also don't want to eat into my saving, and not have a backstop if I get into an emergency. I made my choice and I am living with it. I am not blaming society, or anyone for it.
I know a lot of people are angry for a lot of reasons, like jobs being outsourced, jobs being automated out of existence, and men not being able to make enough to have the life their parents were able to have. I just have to adjust and adapt to this present reality. Blaming others and being angry all the time is counter productive. In my spare time, I can learn things which will help me. Instead of languishing in your sorrows by hating others, driving excessively, taking drugs, or doing other destructive things. You still have a choice to better your life.
In this world, no woman is going to attracted to man who doesn't have anything. A woman wants stability in her life. If you cannot provide that to them, you shouldn't get into a relationship with one. Go out there and do something that can improve your life., and good luck.
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Hyperinflation will happen when foreign treasury bond holders decide to sell all their treasury bonds. Then, the US will be in a very vulnerable situation, the Fed Reserve can print all the money they want and bail out every single person, and bail out every failed institution, but this money will not buy much. A lot of stuff we use is imported from other countries, and the price of those goods will go up a lot. This will lead to the US dollar no longer being the world reserve currency, and when that happens the cost of all imported goods will no longer be cheap. We don't even have shoe factories, textile mills, semi conductor foundries, electronics component manufacturers, etc. If you want to buy a smartphone, it will become a lot more expensive to buy, because the money has been very undervalued. In addition to that, you have high tariffs thanks to Donald Trump, so the price of those imported goods will be 30% more.
We need parts for tractors, farm machinery, machinery in automated factories, parts for automobiles that are assembled in US assembly plants, parts for automobiles, electronic components to build more complicated machines, etc. If you don't get those parts then the whole economy will stall. The price of those things will go up a lot, and that will be passed on to the consumer.
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That's false, because we had recessions before we had a Federal Reserve Banking system. Panic of 1785, Copper Panic of 1789, Panic of 1796-97, recession of 1802 to 1804, Depression of 1807..... Panic of 1857, recession of 1860 to 1861, Panic of 1873, etc, etc. Lastly, the Panic of 1910 to 1911, which led to the creation of a central bank of the USA aka Federal Reserve Banking system.
You people are really very poorly educated and ignorant of real history. You just cherry pick what you want from history. You will always have recessions in a free market economy, it happened before we had central banks. We had many depressions, and recessions in history, yet we survived through all of them. People who were over leveraged lost everything, so what. People make dumb choices, they suffer the consequences of those bad decisions. Stop blaming other people for your problems loser. This is why losers like you voted for Trump.
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Trump is a liar and a con man. Trump water, he said it is the best water in the world, it has the highest mineral content ever. It was tested and they found it was just filtered tap water with almost no mineral content. Trump Shuttle, old 727 aircraft used for domestic flights. Trump said, it is the best airline in the world, so he charged people 3 to 5 times what a domestic flight costs!!!!! Trump University anyone. Gimme $25,000 to $30,000, and you can be rich like Trump. A scam. The investors who gave Trump money got ripped off, the contractors who did work for him didn't get paid. No wonder he went bankrupt 6 times. LOL
Believe a con man, and you will get conned.
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In this real life monopoly game, most of the assets are locked and boxed. There is a very slim chance, you will become a multimillionaire unless you invent something new. Most of the technology we have today is beyond what one person can invent. It requires a team of people to invent anything of significance these days. More than likely, if you are a engineer, scientist, designer, or project manager, you will be working in a big corporation making the next big thing. You will work for one of these large corporations until they decide to replace you with a H1B visa holder who will work for less money, or outsource your job out of the country.
Your retarded idea about you can play this real life game of monopoly is absurd. If you want to play in the real estate market, you will need at least $10 to $15 million of your own money. If you want to start a business, you need to borrow the money from a bank, and you have to expect not making a profit for a several months. You need money to make money in business. If you don't have deep pockets, you will stand very little chance of succeeding in business. Why? Because you have to pay inflated rent prices, and overhead.
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You are a Libertarian from what I can see. You don't believe in having a nationalized educational system, a national army, infrastructure that is funded by a central government. I on the other hand is all for centralization. If I had it my way, military service would be compulsory, everyone regardless of how much money they have must serve in the armed forces for 2 years. You are a citizen of this country and you can vote right? Then, you can be drafted. If you refuse to serve, you should be disenfranchised and thrown in prison. I believe in absolute equality when it comes to this regard. My ancestors were nobles, and they had to ser
There is a big difference between a developed nations and 3rd world nations. Compulsory education, a efficient and well maintained infrastructure, and a progressive system of taxation made it possible. You people are fucking hypocrites. It was Republicans that got rid of conscription or mandatory military service in 1973, it was Republicans that got rid of the Glass Stiegal Act, it was Republicans that repealed the Sherman Anti-Trust Act in the 1980s. You people are fucking disgusting.
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The government didn't mess up tuition costs, healthcare costs, housing costs, or any of those things you mentioned. The government is very competent when the programs they are trying to initiate are well funded. Just look at World War 1, and World War 2. The U.S.A. beat the pants out of the Axis power in World War 2, the USA fought a two front war and won.
If we had a nationalized healthcare system, it would be better. Look at the United Kingdom, if you get sick you can go to a doctor and get treated. We don't have a nationalized healthcare system and this is a problem, and don't say Obamacare is nationalized healthcare. The only way it can be nationalized healthcare is if private insurance companies are cut out of the equation.
I was born in the 1970s, so I experienced president Reagon's policies. Keynesian economic policies are good, and they have always been good. With all modern governments, the government stimulates the economy. For example, most of the doctors that have their own practices or work in the hospital are funded by Medicare money. Defense contractors make a living selling the government weapon systems, scientists, computer scientists, the engineers, technologists, technicians, mechanics, and the workers who produce these weapons all have a livelihood because of the government. What about the fleets of cars that are sold to government agencies. The furniture, and other things sold to the various government agencies. GE sells jet engines that go into the jet fighters, jet bombers, and other aircraft.
You have independent contractors to large corporations that sell everything to the government from toilet paper to nuclear power plants. The money the government spends on welfare recipients go right back into the economy. Those people buy the food from the supermarket or some small market. The wholesaler or distributor makes money selling the food products to the retailer. The people who produced the food can buy more chemical fertilizers, and other farm equipment. Those companies that made the farm equipment and chemical companies can make money. The chemical fertilizer companies make money by selling their nitrites based chemicals to farmers and munition companies. They in turn get most of this money from the government.
The government plays a big role in the economy for most advanced countries. You are a uneducated dolt, and you don't understand how the economy works.
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Corporations need markets, and most corporations want access to global markets. This way they can make more $$$$. If the government buys let's say 50 F-15 fighters from Boeing, or $500 million building a aqueduct. You telling me that money wasn't spent on real goods and services????? If the local power company built a nuclear power plant or a hydroelectric dam, you telling me that money didn't go to something useful?
You millennials are the dumbest generation. Just because your Baby Boomer parents got screwed by the 2008 crash doesn't imply banks and governments are all bad. After all, it was your stupid parents who refinanced their homes like 2 to 3 times, lived on credit cards to buy everything they wanted, flipped houses, borrowed more money than the income they made, and lived irresponsibly. You telling me, you can blame the government and banks 100% for it?? You are fucking kidding me, your parents caused it. My parents aren't Baby Boomers, they are the Silent generation. You can't blame my generation for causing this mess, my generation being Generation X. When the 2008 crisis happened, I was doing just fine. My house was paid off, I had no debts, and I had a relatively good career. I did get laid off, but I wasn't even worried, because I had plenty of savings. I didn't waste my money buying shit I didn't need with money I didn't have. If I get laid off again, I would be fine for 15 years. I have enough money to not worry about it, because I am not stupid like your parents or your stupid generation.
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@felixii4931 you can always get the capital, like all venture capitalists do by borrowing the money. Start a company with money you borrowed and make the company public. Promote your company, get investors to buy up stock from your company, and create a front. Make an illusion of you selling goods and services. Use investment capital to run the company, like Uber, Tesla, and others have done. Give yourself a big raise, like $50 million per year or more. When the investment money dries up, step down from your CEO position, and let another sucker take your place.
Throughout, the time you were at the company, you made hundreds of millions to billions of dollars. The only people who got shafted are the workers and investors. The worst thing that can happen is, you getting a $10 million to $50 million fine, but you made made many times that.
Raising capital isn't hard, you have to know the right people and be well connected.
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@felixii4931 all this conservative bs about deregulation was going to be great, it would benefit everyone. Trickle down economics, taxcuts for the richest people, and how they would create jobs for everyone. LOL All of it was a lie.
I pretty much experienced the steady decline of social services, the under funding of public schools, the destruction of unions, etc. All of it culminated into what we see today, the Gig economy. Where worker have no protections, where prices are set to the lowest common denominator, and most people involved in it live in poverty.
This is what we have today. No job security, no benefits, and poor pay. At the same time, big corporations loot the investors, and socialize all their losses. This is the reality of the 21st century.
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@KC-dr3cg It's tough, but recessions are a natural part of capitalism. There is one difference however, this bubble is gigantic, because it was propped up for 12 to 13 years. The bigger the bubble, the louder the pop. This means a lot of people are going to get hurt, and had been hurt already, like the people who invested heavily in cryptocurrencies, and the myriad of corporations that thrived from speculation, and buying back their own stocks without concentrating on research and development, buying equipment, facilities, or investing in their work force.
All this fakeness had to end sooner or later. As a result of all these loose money policies, we will see the biggest crash in US history.
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What is the fantasy? Facts are facts, we have to pay various taxes in fiat currencies. You own land you have to pay property tax, you buy gasoline you pay a excise tax, you buy non-grocery items you pay sales tax, you buy ammo you pay a excise tax, you own a car you pay car registration every year, you buy alcohol you pay excise tax, you own a airplane you pay registration fees every year, you smoke you pay excise tax, you get the point.
Fiat currencies will never be worthless, because governments have the ability to tax. Even if you don't own land and have to be a renter, the landlord has to pay property tax, so they want payments in fiat currencies. Most people in this world are in debt, and banks demand payments in fiat currencies only. I just proved there is demand for fiat currencies, because it enables them to pay taxes and to pay off their debts.
No one needs cryptocurrencies. You can't pay taxes with it, it isn't backed by a nations GDP(gross domestic product), it isn't backed by laws of a state, and it isn't backed by military might. Prove to me that your fantasy money is worth something?
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There is no way to get away from paying taxes and dying. We all know we will die one day, and that is certain. Another certainty is you will be taxed as long as you live under a government. If you want to pass your genes, you have to get married. Those 3 things are unavoidable in life. I am about 42, and you must be about 20 something. You will realize life that you can't always get what you want, and things never happen like you imagined it. That's reality. You realize how things work in this world by getting punished. If you fail to report taxes and buy a luxury car, the banks and car dealerships report it to the IRS. Then, the IRS sends you a letter, and you get an audit.
You realize a lot of things as you grow older. Just because you believe the asset that you hold will go up, it can go to zero too. I learned that the hard way many times. You can believe whatever you want and not take good advice, and you realize you made a mistake. That's how we learn, we learn from our failures.
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Abigail Slaughter the less guns in the streets means less gun crimes. Where do you think, criminals get guns? They steal them from law abiding gun owners in burglaries, car break ins, gun shop burglaries, etc. Then, they use these guns in other crimes, like home invasions, rapes, more burglaries, car jackings, drug trafficking, etc.
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If the Federal government increased the excise tax on guns and ammo to let's say 300% with an annual hike of 20% per year, in addition to a gun registration fee with a yearly rate of 20% for each gun, there would be less guns in the streets. People own cars, and they pay car registration fee every year. I don't think making people pay gun registration fees, and increasing the excise tax on guns + ammo are a bad idea. This would cause gun manufacturers to lose a substantial amount of business. If people want to own guns, they can but they have to pay for it.
You cannot revoke any constitutional amendment, but the Federal government has the right to tax guns and ammo. Every time you buy guns and ammo now, you are paying an excise tax. When you buy alcoholic beverages, you are also paying a excise tax. This is why the Feds shut down moonshine operations, and the reason for it is because they don't pay taxes on distilled spirits. The same with tobacco products. There is no limit to how much the Feds can tax guns/ammo, tobacco products, and alcohol.
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@trvman1 The West can send arms, but when the Russians slowly strangle the country. Most of these arms deliveries will get destroyed by UAVs, helicopter gunships, and air strikes. They will get intercepted by ground forces as well.
The Ukrainians will keep fighting until, they get encircled and cut off. Once, your logistics are gone, you will starve to death, armored vehicles will run out of fuel, and run out of ordinances.
The Russians are taking losses, but I don't think they care. The Russians got time on their side, and the Ukrainians don't. This is why the president of the Ukraine is asking for a no fly zone.
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@ecomhicks Yes, they do. I work in tech company writing software. Not all of them have degrees in engineering, or computer science. Some of them have Bachelor's degrees in sociology, English, history, psychology, communications, or other non-science majors. They know programming languages, like C, PHP, Java, or whatever. No one where I work doesn't have a bachelor's degree or higher.
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@thorthunderlungs5171 Sure those jobs exist. It is a lot easier to get a college degree and enter a profession with a high start pay. If you have the brains, you should go to college/university and become a Medical doctor, scientist, dentist, pharmacist, professor, architect, etc. People who enter those professions can work up to a very old age. You have dentists who are 73 year old, medical doctors who are 78 years old, scientists who are 80 years old, economists who are 70 years old, architects who are 67 years old, computer programmers who are 69 years old, etc. There are not many construction workers who are over 65.
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@thorthunderlungs5171 it isn't censorship stupid. Private companies can make any policies they want. If you go to a restaurant owned by a Chinese person, and you insult Asians. You won't thrown out? If you go to a BBQ takeout owned by a black person, and you use the N work. You won't get thrown out? Social media companies, like Youtube, Facebook, Twitter, and others can make business policies, like prohibiting content which are racist, misogynist, or anti-Semitic. It is their right to do it as a private company. If you don't like it, go buy the servers, the bandwidth, hire the people to design the websites, and charge your users for it. No advertiser want to be associated with neo-Nazis, alt-right, or KKK people.
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They have chip foundries in the USA, Intel has chip foundries in New Mexico, Arizona, California, and Oregon. The problem is CISC processors aren't used appliances, cars, smartphones, micro controllers, and other simple machines. The chips Intel produces are used in stuff like desktop computers, laptops, servers, mainframes, and workstation computers. The chips that are used in micro controllers, smartphones, automobiles, appliances, smart televisions, DVD players, Blue Ray players, etc are RISC based processors. Intel doesn't produce RISC processors, these types are of processors are produced by companies, like TSMC and Samsung. They are based on ARM RISC based architecture.
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@MrB1923 If your Bitcoins get stolen, you can never get it back. If someone stole my credit card and used it, I can call the bank, and they can do a charge back. This is because there is arbitration.
Anyways, the exchanges where you put your Bitcoins are regulated, so you better provide all that paperwork to the government at the next tax season. If you don't, the IRS will simply audit you, and you know the IRS right? There is no due process with them, you are guilty until you prove yourself innocent, not the other way around. The IRS can look into your credit card history, bank history, find out how much you deposited into coinbase, your bank account, etc. All they have to do is subpoena for those records from the cryptocurrency exchanges or your bank. If you bought a $100,000 car, the auto dealer is required by law to report any transactions over $10,000. There is no escape.
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@kingwarrior5028 In a global recession, people will get poorer, but at least you don't have lawlessness like in the US. People breaking into stores in broad day light is a common occurrence in the US.
I look at the local news every day, a group of people rob a Macy's, a group of people rob a jewelry store, a group of people rob a Home Depot, a group of people rob a Target Dept Store, all the stores in a shopping center gets broken into every week, thieves break into a farmhouse, thieves stealing catalytic converters from vehicles, a group of thieves rob a Neiman Marcus, home invasions, carjackings, the KIA boys stealing cars, etc.
Such a great society isn't it. I don't even go out anymore. All of my friends told me that they witnessed robberies in major department stores in broad daylight. I don't even go out. I am fortunate that I have the luxury of working from home. If I have to shopping for groceries, I buy about 5 months worth in one trip, and the other stuff in just shipped to me.
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@among-us-99999 If videos aren't monetized, and people watch them Youtube loose money. It costs money to store videos on servers, it costs money to process videos before they are posted, it costs money to provide the bandwidth for people to watch those videos, etc.
This is why Youtube stated on December 10th, 2019, they will start deleting Youtube accounts that aren't economically viable. Youtube is still in business, because they are subsidized by Google. In reality, Youtube is losing billions of dollars every year.
On Dec 10th of this year, Youtube will probably delete thousands of accounts. They will determine if your channel is profitable to them or not, and if it isn't then they will delete it.
A lot of Wall Street backed companies, like Uber, Lyft, Amazon, Youtube, etc are mostly living off of investor's money. They are being subsidized by investment money which is sold to the public in the form of stocks. That's it.
Once the money starts to run dry, these stock prices will drop, and these companies will go under.
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@among-us-99999 People were getting around the demonetization of politically charged channels by using Patreon and getting donations from other sources.
People who were talking about controversial topics were getting demonetized since 2017. Controversial topics tend to get a lot of views, it doesn't make any sense for Youtube to not monetize these channels, because it is costing Youtube money.
Youtube isn't interested in being a forum for political discussion, it is a forum for people to make money, and for Youtube to make money in the form of advertisements.
I heard a lot of talk about these disgruntled people who said they could start their own platforms. Good luck with that, you will have to spend millions of dollars to get started. You need to investment in enterprise grade servers, the personal to maintain it, the bandwidth, the space for the servers and other equipment, the cost of electricity, a website, etc. All this costs a lot of $$$$$, so if this wasn't free. You would have to pay for it, the viewers would have to pay for it, like $20 to $30 per month.
If Youtube cost money for people to watch, not many people would be watching it. It's as simple as that. Unless the content is really interesting, I will probably not pay $15 to $30 a month to be subscribed to one channel.
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There isn't much of a future for engineers, because you have to compete with pseudo engineers with H1B Visas. They don't need real engineers, because the AutoCAD programs do all the math and physics that you learned in school. They can pay these guys a lot less than a real engineer. If you want to be an engineer, or a programmer, you are fine if you start your own company. If you can develop your own products, you can do okay. If you work for others, it is more difficult to do. With the high speed internet, all companies have to do is send the work off to another country where the cost of labor is much less. For example, a computer scientist in India can do programming work for little as $10/hour or less. You can pay them anywhere from $900 to $1600 a month, and they will do any kind of work for you. Same with design engineers. You have engineers from India, China, and Eastern Europe who will work for much less. These guys get paid over the internet, and they send their projects to the people who want it via the internet.
This is the kind of world we live. It is highly competitive. You must be diversified if you want to survive.
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@scottkrater2131 China produces a lot of vital things, like rare earth minerals, electronic components(resistors, transistors, circuit boards, capacitors, switches, sensors, etc), most of the RISC processors used in appliances, SBCs, guided missiles, automobiles, brakes, drones, etc are all made in China.
I am engineer, I import a lot of electronic components from China, like power supplies, circuit boards, capacitors, resistors, all kinds of RISC chips, microcontrollers, single board computers for industrial computers, etc. Most of the rare earth minerals used in US smart weapons are imported from China. A lot of the parts used to assemble US smart weapons are made in China. You're really funny. ROFL
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I guess, we will go into a stagflationary depression. We have inflation due to the lack of products, and goods. At the same time, we will see deflation in other things due to the lack of liquidity in the economy. This will lead to a lot of people getting laid off, like a traditional recession, but it will not lead to lower prices for essential goods, like food, microprocessors, automobiles, medicine, etc. The price of a good is set by how much is produced, and the weather isn't something central banks have any control over. Geopolitics plays a role in goods being produced, like sanctions against other countries. For example a sanction against China to prevent them in getting equipment to produce microprocessors, sanctions against Russia to prevent them from shipping nitrogen based fertilizers, etc. Supply chain issues are not something central banks have any control over. If the ability to supply goods is affected in anyway, it will create a shortage and prices to rise regardless of central bank policies.
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Brad Christy, you believe in the magic of the market, and the market will balance everything out. It takes time to make a business or learn new skills. It takes time and patience or both. It takes time and effort to build business networks. You don't believe in democracy? You don't need to take over someone's business, you can start your own business. All you need is access to capital, the best type of capital is starting a business with zero debt. You can use your own money if you are wealthy enough, or you can raise the funds. When you have a war, people contribute their valuables to the war effort, they give their wedding rings, gold jewelry, and other valuables to contribute to the war effort. The same thing could be said about doing business, it just takes sacrifice at first.
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Brad Christy, you can start a myriad of different businesses. Food service, software development, web development, small farms, convenience stores, bars, small scale manufacturing, IT service, you name it.
Frictions in the workplace all depends on how the business or the enterprise is managed. For example, Honda corporation values the input from its employees. GM has more of a top down approach. I prefer to manage my businesses where the employees are encouraged to have a say and contribute to the company. My ancestors were warlords, generals, and nobles. They started out with small nomadic bands, and shared the spoils of war with the people in their bands. Like Suleiman started with a band of 12 warriors, and he grew it to an army of over 100,000 soldiers. Enough to take out Constantinople in 1453. I prefer to operate within those parameters. The people who contribute more are rewarded, and I will share the profits with the people who work at my company. With my example, the small and insignificant were able to take out the Eastern Roman Empire.
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Capitalism is the relationship between employee and employer. Feudalism is the relationship between the serf and lord. Slavery is the relationship between master and slave. All these systems are hierarchical, and they lead to stratification of society. Slavery is a bad system even if the people who participate in the system may not be evil. It is a brutal institution never the less kept in place by whips, guns, and chains. Feudalism is a backward system. Capitalism is system that leads to inequalities. A worker cooperative is an old idea, monks used to own the means of production collectively.
The best system would be where everything that is essential is controlled by the public sector, and everything that isn't essential is given to private interests. Essential stuff like infrastructure(roads, railways, ports, airports, rail stations, telecom, canals, aqueducts, etc), public safety, military, postal service, energy, medicine, banking, the legal system, policies to provide food security, education, and regulation should all be within the public sphere. All the nonessential things, like running shops, restaurants, businesses like Amazon.com, and other things should be within the realm of the private sector. Private sphere could be worker cooperatives, or privately owned. Government could not manage the whole economy. If private interests own essential sectors of the economy, they will become monopolies. For non-essentials, it is almost impossible to get monopoly.
If the government owned the defense companies, and produced what they needed. We wouldn't have the military industrial complex. If the medical field was controlled by the government, people would be able to get affordable medical care. We wouldn't have private companies like Johnson and Johnson producing products that harm and maim people. If the Federal government had banks that competed with the private sector, private banks would have a much more difficult time influencing politicians with lobbies. Plus, people can get loans at very good interest rates with almost no fees. Lobbies would have no power to pressure governmental bodies to do what they want, because they have no control, or very little control in those sectors.
I just don't want capitalism to have too much influence in our economy. Capitalism can stay within the realm of the non-essential sectors of the economy.
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Brad Christy, I am statist, and I know everyone who has a stable job or a career is tied to the government in some way and form. For example Medicare is a government program that is provided for people who are 65 years or older. A lot of MDs rely on Medicare, and if it wasn't for Medicare a lot of hospitals and medical practices would be not be open. All of these defense contractors who sell their hardware, weapon systems, software, aircraft, vehicles, firearms, etc depend largely on the government. The government only picks winners and losers, so I know the government can be used to be benefit companies. Free market is bullshit. If you don't have a contract with the government, you ain't going to be able to sell a lot of your stuff.
For example, if you sold computers, and you had a contract with the department of education, you can sell a lot of computers. Your idea of pulling yourself up by your bootstraps is bullshit. In 1862, the U.S. government gave free land to white settlers called the Home Stead Act. The government seized land from the Indians and gave it to white settlers. Don't give me that bullshit that the government doesn't help people.
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Brad Christy, the majority will win; after all, this is a DEMOCRACY. The majority gets their voices heard. If 70% + of the population wants basic universal income in the future, it will happen. The majority will make it happen, and there isn't a thing you can do about it. LOL
I didn't ask for powerboats or any luxuries as a entitlement fucktard. I am only asking for entitlements which are basic needs for people. If you want to buy a Mercedes Benz C300, you have to work for that. I just want people to have their basic needs met, like medical care, free housing, money to buy groceries, their utility bills paid, etc. This conservation is over Hitler.
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Brad Christy, I do contribute to society, I pay my taxes, I go to jury duty, and I had to sign up for selective service before the Federal government gave me a loan for university. Hey you republitard, the republicans use tax payers money to bail out failing industries like the coal industry, and subsidize farmers. They spend billions of dollars to buy new weapons. You're priorities are all fucked up, Republicans and people like you are the enemies of the state. I would rather have our taxpayers money fund social programs, Medicare, Social Security, education, and other programs that help the average person. You're a fucking fascist, so stfu.
I am lazy, and I am very intelligent also. I don't work harder than I have to. If I could get 5 hours of work done in 2.5 hours, and still get paid for only 2.5 hours of work. I would do it. I just use what I know to make work more efficient. Your mindset is the Christian mindset of making more and more money. I would just sit around for 2.5 hours of extra time to get paid for it. I would rather go home 2 and a half hours earlier, and do something more interesting. Like playing video games, learning programming languages, learning about programming controllers, or learning stuff about making websites. In the long run, I would benefit more from learning new things.
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Kori Jenkins, the Eastern Roman Empire was weakened by the Huns in the 5th century. Then, the Avars, Bulgars, and Slavs. It was again weakened by the Seljuk Turks, they were so badly mauled by the Seljuk Turks they asked other Christian nations for help. This lead to the 1st Crusade in 1096 C.E.. The Latin Crusaders sacked Constantinople in 1204. Osman started out with about 12 people in his group and formed it into an army of over 100,000 men. They used hit and run attacks, like the Huns, and Seljuks before them. Go raid the countryside, burn, pillage, and kill. When the enemy arrives in force, just run away. LOL They were able to beat larger Byzantine forces and wipe them out using guerrilla tactics. Using hit and run attacks work, look at the Vietnam War, the Soviet Afghan War, & the U.S. Occupation of Iraq and Afghanistan.
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@vinrael7544 A portion of these weapons are being destroyed on route to the Ukrainian battlefields. They are also being destroyed in depots deep in Ukrainian territory in warehouses by Russian cruise missiles.
I guess, the West can keep supply weapons to the Ukraine. Why is the West so hesitant about sending $73 million F-16s to the Ukraine? Why don't they support them all the way, and give them more of their more valuable weapons, like F-16s, Euro Typhoons, Mirage 2000s, etc? Why do they give them outdated weapons, like Leopard 1A5s, Marder AIFVs, Leopard 2A4s, M113 APCs, Stryker Wheeled APCs, etc? What's a matter? LOL
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@mikestewart4752 Try paying property tax on a $500,000 home, and that is the average price of a home in the US. You will be paying $5000 to $12,500 per year, and you have to pay homeowners insurance on top of that which is another $4500 to $5500 per year. You need to have $9,500 to $18,000 per year to pay just HOI and property tax. If you add a mortgage on top of that, you need $2,672/month.
In one year, you need $41,564 to $50,064 to have a home with a mortgage. You need to earn about $110,000 to $120,000 per year before taxes. Not many people make that in the US.
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I think Bitcoin was created by a group of hackers. They promoted a video back in 2008 called Money is debt, and they were trying very hard to propagated that fiat currencies were inherently worthless. They promoted Bitcoin as the currency that would solve all these problems with fiat currencies.
The facts are simple. There is a demand for fiat currencies, because we need to pay taxes with it. Governments can tax land, so we need fiat currencies to survive. Banks that issue loans accept fiat currencies as well. If a bank said they will not take your fiat dollars and they are operating in your country that would be illegal. For one everyone has to pay taxes in fiat, and everyone has debts which must be paid in fiat. There is demand for it, and you cannot argue that fact. Another thing everyone needs fiat currencies. You can buy anything with it. You can buy food with it, you can buy a pair of shoes, you can buy a car, etc. The people buying cryptos are doing it to get rich fast, they are holding it so it goes up and they sell. It is no different from the housing bubble. Back then, people were flipping houses, and that was a form of speculation.
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The U.S.A. produces oil as well. The U.S. economy produces a lot of things, like oil, natural gas, coal, uranium, copper, iron ore, silver, gold, cotton, wheat, rice, corn, eggs, processed food stuff, medical equipment, parts for aircraft, weaponry for military aircraft, all kinds of ships, automobiles, parts for automobiles, computers, furniture, jet engines, manufacturing machinery, drill bits, medicines, tanks, APCs, trucks, all kinds of defense products, leather, etc. Even if oil may not be traded in dollars, the USA is still a viable economy. This is why a lot of people want to move here and live here.
Bitcoin or any cryptocurrency will not be used to trade oil or anything of value, so it is worth as much as people believe in it. That is until like Dr. Wolff said, the price gets to the point where people will not be willing to invest in it anymore.
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I got badly burned from buying gold from 2011, the same assholes who were pumping up gold and silver back in 2011 are the same punks pumping up cryptocurrencies. People like Max Keiser, Mike Maloney, Robert Kiyosaki, and others were saying gold will go up to $10,000 to $50,000 an ounce. Silver would go up to $500 to $1000 an ounce. That was when silver was about $40 to 50 an ounce and gold was about $1850 to $1900 per ounce.
Boy did I get suckered into it. If anyone tells you something is going to go to some ridiculous price, it is a scam. I am not buying Bitcoins or any cryptocurrencies, because it is just a giant pump and dump MLM pyramid scheme. The word Libertarian and trust don't belong in the same sentence. I already made my money on Bitcoins, I bought 10 Bitcoins for $10 in 2012, and I sold them all for about $4000/bitcoin around November 2017. I am just happy I made up all my losses for buying gold, and platinum from 2011.
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The transaction fees for Bitcoin are too high, it is like 19 to 22%. It is much higher than credit card fees which are about $1.00 per transaction. If I lost 19 to 22% per transaction, it is worse than the banks or credit card companies. In addition, there is a risk of the money getting hacked if your computer gets hacked. If you put the money a cryptocurrency exchange, it can get hacked and stolen. There is no recourse of getting any of it back. If someone stole my credit card, I could report it to the bank that issued it. I am 100% covered. If someone steals hacks into my bank account and steals money, that too is covered by the FDIC.
I don't care if the government creates money out of thin air. They can get that money out of circulation with taxation. Also, the central banks can change the interest rate to combat inflation, and if there is too much deflation they can decrease interest rates. Fiat money is fine with me, I can always buy something with it. I can also put the money into real assets, like cars, computers, gold bars, and businesses.
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No, central banks aren't afraid of Bitcoins or any cryptocurrencies.We all need fiat currencies to pay various taxes, like excise taxes(applied to cigarettes, gasoline, etc), property taxes, sales taxes/value added taxes, car registration fees, business license renewals, income tax, etc. All that fiat currency can be absorbed by fees, and taxes. In turn, the tax money is used to maintain the infrastructure of the city, or state. It is used for national defense, education, public safety, etc.
You also have debt with interest that people owe. If you bought a house with a loan, you owe money to the bank. You have to pay your mortgage every single month for 15 to 30 years. Banks will not take Bitcoins as payment for your debts. If you buy a car with a loan, you have to pay it back with fiat currencies. Most people in this world have debts, and those debts have to be paid back with fiat currencies.
Your cryptocurrencies aren't worth anything in the real world. People are merely speculating it to get rich fast. They will dump it for fiat currencies. If that is false then why did Bitcoin drop to $11,000/btc today? It dropped from $20,000/btc in mid Dec 2017 to $11,000/btc today.
You can believe Bitcoins can go up to $1,000,000 per bitcoin, $1 billion per bitcoin, or whatever. Doesn't mean it will go up those numbers. It could as very well go to 1 cent. You believe whatever you want, and you live with the decisions you make.
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I worked with distributive ledgers, and it is far less efficient than using a distributed centralized ledger system. I work with this stuff everyday. Visa can process about 10,000 to 15,000 transactions per second. Bitcoin and its derivatives can process about 4 to 24 transaction per second. You telling me that Bitcoin, Bitcoin cash, or Bitcoin gold can become a global currency? If you add up all the cash transactions just in the USA, it must be over 1 billion per day. That comes out to about 11 million transactions per second.
Just today, cryptocurrencies lost about $200 billion in market cap, I guess the people who were in it were just in there to take their profits and get rich from it. Most of them never intended to keep it for the long run.
Central banks can adjust interest rates, so if inflation becomes a problem. Central banks can increase interest rates, and that will bring down inflation. That will make money more scarce, because less people would be willing to borrow money at let's say 15% oppose to 2%. LOL
You millennials are so damn stupid.
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The economy didn't recover from 2008, because if it did really recover. Then, interest rates wouldn't be this low. The interest rates were low from 2009 to 2018 that is 9 years of very low interest rates. If the Fed did raise interest rates to 5%, I am certain the stock market, real estate, and other asset markets would crash.
The only reason why stocks and real estate are going up is because interest rates are very low. You are right that we will have a major event in the future. As a result of these very low interest rate policies, many many bubbles were created in the economy. People who would normally put their money in the bank that got 5% interest rather put their money into speculative assets, like stocks, or they would park it in real estate. As a result, stock prices have been going straight up from 2008 to the present. Real estate prices went up as well, and rents went up even more. All this could pop in the future.
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@olderchin1558 Modern Intel and AMD CPUs have RISC and CISC cores. Nvidia GPUs also have RISC cores.
RISC cpus are getting powerful, like smartphone CPUs.
I do see an advantage to using RISC processors as servers vs. using CISC servers in that, RISC processors consume a lot less energy.
RISC and RISC-V have a wide range of uses, it is used in video game consoles, smart TVs, mobile devices, drones, microcontrollers, automotive, aviation, etc.
I am sure China will have its chip based on RISC-V. It does need a lot of development, and it needs a ecosystem where many people develop applications for it.
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Some parts of the economy can be capitalistic, but the vital parts of the economy should be socialistic. Vital things, like medical care, energy production, mining, national defense, public safety, and infrastructure. The privatization of infrastructure, like railroads, roads, highways, canals, and ports has caused these essential parts of our country to decay. Capitalists only care about profits, and they will sacrifice public safety which will result in bridges collapsing, rail accidents, under investment in ports, etc.
As for the non essential things in our economy, like companies that produce stuff like combs, video games, furniture, toothpicks, toothbrushes, electronic gadgets, wigs, hotdogs, cakes, frozen food, loaves of bread, small farms, etc should function as capitalist entities. People should be encouraged to start small businesses. As for the vital things in our economy, it should be in the hands of the government.
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@helengarrett6378 There are some things that the public sector does a better job at, and there are things the private sector does a better job at.
All vital things, like medical care, infrastructure, housing, natural resources, national defense, and utilities should be owned by the public. Just look at the mess we are in when these things are privatized. Capitalist entities must not be allowed to have monopolies in vital things.
The other non essential things cannot be monopolized, so allowing private ownership is okay. Besides, the government cannot manage every aspect of the economy, this is why the Sovet Union failed.
The Yugoslavian and Chinese model is a better alternative.
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If people are welling to work for lower wages, you can't not make them work for those lower wages. We have all these pressures that are driving down wages, like globalism(global competition), over population, outsourcing of jobs, automation of jobs, H1B Visas, undocumented workers, etc. I am a free lance computer programmer, and I have to compete with competition overseas, H1B Visa holders, etc. If you force companies to pay higher wages, they will simply automate most tasks. We have the technology to do that now.
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@scabu3 In today's money $50 in 1980 is equivalent to $156.50. $1 in 1980 is about $3.13 in purchasing power today.
Silver hasn't kept up with inflation. On the other hand, gold was $800 in 1980. In today's money, gold should be $2504. Gold also didn't keep up with inflation. If you bought Toyota stock in 1982 when it was $14/share, and today it is about $127. If you invested $50,000 in Toyota stock, $50,000 in silver, and $50,000 in gold.
Toyota stock = $453,571
silver = $23,000
gold = $116,250
kept it in cash = $50,000
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The US was held together by polarization. If one group gets too powerful then people were and are allowed into the country. The new immigrants would work for less and compete with the people that immigrated earlier.
People are divided over politics, class, ethnicity, race, sports teams, etc. People are divided and fighting over trivial matters, and the real issues get pushed aside and forgotten. In other words, people are distracted, and misinformed. They wonder why their lives are getting worse. Now, the game is about blaming others, and there will be more of that as things get worse.
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Employers and companies can set prices, but there is always competition. The ability to set prices is dependent on two thing, the amount of competition in that product line, and uniqueness of the product. If the business is relatively easy to start then you have more competition. In that scenario, you cannot raise the price, or you will go out of business. If it is a unique product, like advanced technology which is protected by a patent, or a industries that requires a lot of capitol, like brewery business, automobile manufacturing, energy business, and other types of heavy industries. Then, they can raise prices, because there aren't a lot of competitors in that field.
It really depends on what the product is, because businesses with a lower cost of entry will always have more competition. Hence, more supply of those goods, and that would drive down the price.
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@tommiturmiola3682 Anti tank missiles replaced anti-tank guns in most armies, because they can be mounted on all kinds of vehicles, like jeeps, hummers, attack helicopters, APCs, AIFVs, and they can be carried by infantry. Missiles are more expensive than individual tank gun rounds.
A tank gun shell costs about $1000 to $2000 each, a guided missile costs about $33,000 to $150,000 a piece.
Some military engineers should try to develop a light tracked vehicle with a main battle tank on it. If they make the thing highly automated, they can reduce the crew size to one person.
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Most of those dollars are in East Asian countries that have very high population densities. A country like China has about 1.2 billion people, and China might have about $2+ trillion in U.S. bonds or more, but what is $2 trillion over 1.2 billion? That amounts to $1666 per person in China, and that isn't a lot. China, Japan, S.Korea, and Taiwan needs the U.S. to buy their goods. In turn, they buy oil, natural gas, agricultural prod, timber, minerals, medicine, heavy machinery, defense equip, etc
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My parents are old, like in their 80s, and they get tricked into scams, like car repair insurance, pet insurance, and these bs services. I told them, it is much less expensive to just call up an individual technician or repairman to fix stuff, like refrigerators, washing machines, ACs, etc. They said no, that is expensive. I know those companies that sell that kind of service are a bunch of frauds. They may charge you like $50/month, but they don't have competent people that fix that stuff.
My mom got scammed into a pet insurance scam, she was paying like $65/month for it. Those people were totally inept. They got the diagnoses wrong for the dog, they gave him the wrong medications, etc. They would charge for procedures and meds the dog didn't need. It was a money making scam. The dog had a serious illness, so my mom took the dog to a vet my sister knew in local area. He got the diagnosis correct, the dog had a brain tumor. My mom made we waste $700 on medical procedures that didn't do anything.
She was saying, I am a moron, because I don't believe people. There is something wrong with you for not believing and trusting people. In her generation, people had a high level of trust. In my generation, it's just a dog eat dog world.
There is push to corporatize everything, the older folks believe in it. For me, if I need a service done, I just look up the reviews on the internet, and pick the service provider I need.
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I know why Trump got elected. The reason for it was because of the people in the Rust Belt states whose jobs got outsourced and automated out of existence. Those people voted Obama 11 years ago, because they were expecting better results which might help improve their lives. I guess, their lives didn't improve after 8 years of Obama, so they voted for Trump who was a new comer. They expected him to follow through his promises of bringing back industrial jobs to the USA, and the revitalize their communities.
The only thing Trump did was give big fat tax cuts to the top 5% of the population. They got their tax cut money, and put it in the stock market. Made the price of their stocks go up, and gave themselves big fat bonuses. People like who have to work for a living, because I don't have parents who have millions and billions of dollars had to actually pay more taxes. No tax rebates for me in 2018, and 2019.
Sure, Trump makes these uneducated people feel good by saying, you are a American American. These others, they AREN'T REAL AMERICANS. Blames other countries, when corporations in this country automated many of their jobs out of existence, and outsources labor intensive jobs out of this country. Like we are going to stick it to China, we are going to stick it to the European Union, we are going to stick it to the Illuminati New World Order(Jews), and we will stick it to illegals(Mexicans and Central Americans). We are going to scapegoat all of these people, and we will make American great again. After 3 years of Trump, nothing has gotten better. The only thing Trump can be credited for is making the equities bubble larger, the real estate bubble larger, and pumped up every other asset bubble.
Now Trump is saying, we should lower interest rates to zero. Somehow, I don't think lowering rates to zero from 2.25% is going to do anything. If the interest rates were 8.5% and lowered to 0%, it might have an effect. If it doesn't work, Trump will try to pressure the Federal Reserve chairman to lower interest rates to -1%, or -2%????? Do you know what that means? If interest rates were -2%, and you had $10,000 in your bank account, you would have $9,800 after 1 year, $9,604 after 2 years, $9411.92 after 3 years, $9223.68 after 4 years, and $9039.21 after 5 years. Do you know what kind of backlash that would create here if that happened. He would anger a lot of people.
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It is impossible to not buy something that is made in China. All the electronic components I use, like micro controllers, single board computers, resistors, transistors, capacitors, circuit boards, microchips, etc. China has a monopoly on rare earth minerals which are used in most electronic components. They produce just about every component that goes into most electronics, like smartphones, motherboards, etc.
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WashingBear, you're right. Initially technology like computers, internet, and telecommunications were initially funded by the government. Then, it was all privatized, and corporations and businesses developed the technology to where it is now. The programming languages, the operating systems, the various components for computers, central processing units, displays, etc. It was all developed by capitalist firms.
After World War 2, the people who worked for the government as contractors or worked directly for the government started businesses with what they learned. They learned about various synthetic fibers, plastics, computing machines, engines, and other technologies developed during the war. That is why we had a lot of prosperity after the war.
The government developed the new technologies that spurred development in the private sector. It wasn't just combined to make specific technologies, the private sector developed them to the point where they are now. If no one developed those technologies, we would still be using computers the size of entire rooms which has million times less processing power than what we have now. The government in turn contracts people in the private sector to work for them as well, so it goes both ways. The government helps the people, and the people help the government.
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WashingBear, there is a lot of suppression of technology in capitalism as well, because it may make their trades or industries redundant. It usually happens in industries that are highly regulated, but in a purely free market environment it doesn't usually happen. Look at the computer field. That is the freest free market in the world. Nothing is withheld, because you cannot be barred from entry with regulations. Thus, there are no monopolies, which can lead to suppression of technology and innovation.
Having purely free markets means no protections for workers, I work in the tech field and there are no worker protections. You get hired out as a independent contractor, and everything is on you. You need to provide for your own equipment, your own healthcare, etc. In the healthcare field, it is highly regulated, and it might be good because you can't have companies selling untested medications to the public or use unproven surgical techniques, etc. At the same time, it leads to monopolistic tendencies.
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@Ben Daulton When all this is over, you better pray that the US doesn't lose its world reserve currency status. The US is in a really vulnerable spot. We can't produce a lot of things that goes into producing complicated machinery, like automobiles, aircraft, helicopters, and other complex machinery.
If you didn't know, most of the factories and manufacturing plants in the USA are highly automated. We need a lot of the parts and components that we can't produce to keep these manufacturing plants going. Besides, modern day machinery is very complicated, so no one country can produce all the parts and components to make this stuff work.
If we don't get the parts to produce these complex machines, we can see factories starting to break down, tractors not work, combines not working, and we can possibly see a situation like Venezuela. The government keeps printing money, no one takes Venezuela's currency, no one wants it, and when you print too much money and no one wants it. Then, you get hyperinflation, your economy becomes, like Zimbabwe, or Venezuela.
Since we are engaged in a trade war with all these countries that idiot Trump started, these things that we need become more expensive. When other decide to dump the US dollar as the world reserve currency then you couldn't buy a lot of the stuff you are able to buy now. It will be too expensive for you to buy it with dollars. It takes years to build up a industrial infrastructure to build anything. It can't come out of your ass like Donald Trump is saying. Trump says, don't worry about it is easy. It ain't.
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2 income households are a necessity, it isn't a choice for most families these days. You need to make a lot of $$$$$ to have a family. You need to provide health insurance for your children, have a home, get them their own smartphones, buy them clothes, buy groceries for your family, pay utility bills, pay internet bills, pay home owners insurance, pay car insurance, pay car debts, etc etc.
Either the man makes $120,000 +/year and have a family wage, or both people work in the family. That's it. You can have a family and all the things that are needed in a marriage if you can afford it. If you cannot then, I guess you are outta luck. Either go out there and make more money, or you are DOOMED.
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@1HammerHaunt1 The USSR spent way too much money on national defense. China became US's ally back in the mid 1970 because of president Nixon.
This shift in the balance of power caused the Soviets to spend a tremendous amount of money in defense. They produce a lot of state of the art weapons, like the Mig-29, Su-27, BVR missiles, guided missiles, main battle tanks, millions of rounds of howitzer shells, high explosives, nuclear submarines, surface warships, etc.
The Soviets lost in Afghanistan in 1988, and 3 years later the Soviet Empire ceased to exist. They neglected their domestic economy, like the US has been doing for a while now. There was a shortage of consumer goods in the 1980s in the USSR, long lines, and high inflation. The US is facing these problems now, tell me it isn't so?
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In addition, millions of people are employed directly by the government as doctors in public hospitals, social services, law enforcement/public safety, court system, universities, schools, public infrastructure, military, and public officials. The people who work for the government buy stuff in the private sector, like electronics, automobiles, computers, homes, books, and many other things that support the general economy. Alex Jones wants to cut the size of government & rely on the private sec
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Rob's Airgun Cave, you are so damn clueless. If you have a 401k or a Pension fund, you can kiss that goodbye. Foreigners bought a lot of real estate and equities(stocks) in the USA. They propped up the real estate market and stock market for about 10 years. If they pull all their money out of the USA, you will see a stock market crash. You're pensions, mutual funds, and 401ks will crash. If you don't believe me, you can go ask your mutual fund manager if the market crashes. Can I get my money out? If you are getting money from them already, they will reduce what you get. So, the money you get from your 401k will be less and less every month. More American jobs will be lost, think about the jobs that depend on exporting things, like airplanes, vehicles, industrial machinery, agricultural goods, chemicals, lumber, minerals, etc. These industries will suffer too, and they will lay off millions of Americans like you. You're idea of trade wars are easy to win is just stupid, and we all know Trump is a big idiot.
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@patriciafarrow9586 It's not enthusiasm, it is just a fact. If computers were made in the USA then most people couldn't afford it. The cost of labor is about 10 to 20 times more than it is in developing or semi developed countries. Plus, all the infrastructure and most of the materials like rare earth minerals are in countries, like China. Thus, they make most of the electronic components for circuit boards, like resistors, transistors, capacitors, chipsets, micro processors, and other components that make electronics work. The US was a major producer of semiconductors back in the 1970s and 1980s. Japan became a major producer in the 1980s and 1990s. Taiwan has become a major producer of ARM based RISC processors in the 2000s.
Machines have become more complicated, like automobiles, computers, smartphones, tablets, aircraft, appliances, etc. No one country could produce all of the components that go into any of these machines.
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Yes, and cheese burgers. You also forgot the prime steak, sirloin steak, beef brisket, roast beef, lamb, Kentucky fried chicken, b.b.q. chicken, b.b.q beef, pork ribs, bacon, b.b.q. ribs, etc. All these can be bought with so called worthless dollars these Alex Jones conspiracy theorists are complaining about!
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Bill Brennan Trump isn't going to bring back any jobs. Even if they ban all imports from China, they can off shore it to countries where the cost of labor is much lower than it is in China. In the past two years, a lot of manufacturing has been moved from China to countries, like India, Nepal, Vietnam, parts of Africa, Sri Lanka, Thailand, Indonesia, parts of South America, and other countries where the cost of labor is much lower than it is in China.
The only stuff that hasn't been moved out of China are for computer and electronics equipment, and the reason for this is because they have the infrastructure to produce parts more cheaply than anywhere else. More than 90% of all the computers are made in China, and we are going to import it even with the tariffs. China has access to most of the rare earth resources which are used to manufacture electronics and computers. Even Apple has their products produced by Chinese sub contractors for their computers, i-pad, and i-phones. Apple doesn't have a factory that produces computers.
Stuff like clothing, shoes, sowing machines, shoe laces, cups, mugs, pots, pans, and other things that are labor intensive can be produced in other countries where people get paid 25 cents to $1 per hour. Trump isn't moving his factories to the U.S.A., and this shows he is a big liar and hypocrite. You ain't going to move it back to the U.S.A. and pay someone $10 to $15/hour, health insurance, and other benefits. We do have a lot of factories and manufacturing plants in the U.S.A., and all of that is highly automated using very few people. Recently they moved production of tooth brushes back to the USA, and do you know how many jobs were created? 5 jobs, and the factory produces 10s of thousands of tooth brushes per day. If it is labor intensive, they will not move it back here. It is funny how you people Trumpkins don't understand economics. It must be because you people are religious and believe in Jesus. LOL
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Bill Brennan The Fed won't be abolished, not going to happen. Yes, the Fed is a quasi private bank, and 99% of the profits the Fed makes goes back to the U.S. Federal government. The Fed isn't controlled by the Democrats or the Republicans, it is strictly non-partisan. A lot of goods and services are provided by private corporations and companies to the Federal government. The U.S. government buys fleets of cars from corporations, like Ford Motors, they buy furniture from private contractors who sells it to the government, and pretty much everything they buy is from private firms. A lot of these defense firms are private corporations traded publicly on the stock market, etc. The government doesn't produce things, they buy it from the citizens of the U.S.A..
From my experience, the people who slander and commit crimes always go out in front of a crowd and say I am not guilty they are. The police are bad, because they arrested me. Even though you committed a crime, the police are bad. This company is bad, because I refuse to pay for their services. Even though they got the goods and services, and they were shitty people who refused to pay because it was a way of getting it for free. Donald Trump is the same way. He is a corrupt con artist and criminal. Everyone who is coming after him is bad, because they are persecuting me. Those bankers are bad, because they want to collect the money I borrowed and STOLE from them. Those investors who invested in my company are bad people, because I committed fraud and ripped them off. The F.B.I. is bad, because they are investigating me for my corrupt and criminal practices. You can only get away with this kind of shit for so long.
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C Hoc Trump encouraged these dregs of society to come under their rocks. The president is a racist and a bigot just like me. Now, I can go out in public and harass non-whites and minorities. What about Trump saying Mexicans are rapists, drug dealers, and criminals. Surely, that had some bearing on what this guy did. After all, you stated. "However, his decision to commit mass murder was fueled by anti immigration rhetoric since the jews were trying to help refugees". The reason why he killed those Jewish people was because they wanted to help refugees, the people Trump called rapists, drug dealers, and criminals come into the USA, right?
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@virtualvers You're pretty stupid. The number of people who got the flu was 58 million people, and about 60,000 died from it. You have 600,000 people who tested positive for Covid-19, and 28,000 have died from it. 3,258,879 people were tested, and 2,658,879 people tested negative.
Covid-19
Total Tested ► 3,258,879 people
Total Positive ► 644,089 people
Total Negative ► 2,658,879 people
Total Deaths ► 28,529 people
Mortality Rate ► 4.4%
Flu
Total Cases ► 59,000,000
Total Deaths ► 60,000
Mortality Rate ► 0.102%
I know what you are going to say stupid. You are going to say, millions of people have covid-19. FALSE ASSHOLE, if 3,258,879 people were tested for Covid-19, 80% tested negative for it.
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@ckokloong China produces a lot of the components and raw materials to make the electronic devices, like rare earth minerals, rare earth mineral processing, capacitors, circuit boards, semi conductors, resistors, parts, etc.
That's why it is cheaper to produce electronic products in China. It would be a lot more expensive to produce the stuff in another country, and ship the components to another country to have it assembled. Even if the cost of labor is cheaper in let's say India, or Vietnam.
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@JorgeMartinez-ez1jl You don't buy everything at the store, because you only buy what you need. Besides, those are finished goods.
My question is.... If you hold the currency of the country that you are trading with then you can use the that currency to buy more resources you need later, right?
Let's say I am country A, and I trade with country B to get refined sugar, refined diesel, coffee, tin, copper, rubber, and motor vehicles. I used my own country's currency to buy that. Country B needs oil, timber, military equipment, combat aircraft, jet engines, and steel. If country B wants to buy what my country produces then it is a win win situation.; Why do I need to use a 3rd party currency to do that?
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@darrellross1 I most folks here in the USA aren't doing well. It seems to me the Democrats and the Republicans turned a blind eye to the masses of people who have been suffering and are suffering now. As a result of their benign neglect, someone like Trump told people what they wanted to hear. This is what con men do. As a result, this joker became president, and a lot of people are realizing that they had been deceived. The hard core Trump supporters and those racist fanatics are going to support Trump no matter what, but they don't make up the majority of the US population.
This mid term election should send a clear message to Trump that he will most likely not get a 2nd term in 2020. A lot of people are realizing that he is just a liar, cheat, and scumbag. The point is Trump's popularity is going to decline in the next 2 years. Most people with a brain in their heads know where this economy is headed next year when the tariffs start to kick in. Trump will get blamed for it when the economy crashes. He is going to try to blame Hilary Clinton, Obama, the Democrats, foreigners, Mexicans, immigrants, globalists, Federal Reserve, the weather, or whoever. It won't work. Trump was president, and the fell into a recession because of him. At the end of the day, he won't keep his promises and people will know it.
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kinn grimm, I think our political system it failed. This is why someone like Trump could become president. These politicians have failed to help people who vote for them, because they are controlled by lobbyists who give them money to run for political campaigns. Years of this type of negligence and indifference from political leaders created this mess. A con men like Trump and Alex Jones tell people what they want to hear, because con men know this strategy works. They fall for people like these, who will hurt them in the end. The idiots who listen to Alex Jones and others like them get conned out their money buying products that are fake. They get steered into pumping up bubbles, like the precious metals bubble, the Bitcoin & Cryptocurrencies bubble, and the gun ban scare which caused a bubble in 2012 +2013. Now, you have the biggest con man of them all, who is actually hurting the economy in the long run, and his stupid followers believe he is helping them when he is not. Trump is just asset stripping the Federal government and giving it to his billionaire pals.
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The Joker. It wasn't Obama's fault for the decline of the white middle class. This shit was happening in the 1970s up to now. I am a Generation Xer, and I experienced this first hand when computers and robots were employed in industry back in the mid 1970s. Plus Richard Nixon who was a Republican president opened up China to trade with the U.S.A. and the West. If you are a average Joe 6 pack, you're not that important anymore. Corporations care about one thing only, and that is profit. They don't care about you being white and you deserve a good paying job. A capitalist firm only cares about how much profit they can make, so if they can hire a engineers and programmers to automate a factory to increase profitability they will. As for the people who got displaced, you get your pink slips, and that is it. Bye bye.
If a for profit company can move their production line to any part of the world where labor is cheaper, they will do that also without a thought. If it is more profitable for the company, they will do that. That is fact. You can believe I am white and I am valuable. You're not, you are just a unit of labor that costs too much. If you believe Trump cares about you, you are stupider than you look. I am not saying the Democrats are any better, a lot of them are also bought off by lobbyists. They probably don't care about working class white people or any working class people in general. As long as they get the money from their donors that is what matters. You can believe in any religion you want, believe Trump will help me and give me a factory job where I can screw this and that when someone in a developing country can do that for much less. If Trump really cared about white middle class working people, would he be producing his stuff overseas? LOL . In two years from now, most of you Rump supporters will be living in a cardboard box on the side of the road.
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The Joker. Obama and the Democrats might have been indifferent to white middle class people, but the Republicans were no better. Ronald Reagan didn't give a shit able the white middle class declining in the 1980s, George H. Bush didn't care either. George W. Bush didn't care.
Donald Trump's reckless spending is going to result in one big, a bigger national debt, higher interest rates, and another major stock market crash and another major recession. We are going to see another major recession which followed every Republican presidency from Ronald Reagan to George W. Bush. You know, lower taxes, increase the deficit, ease up lending, de regulate the financial industry, and plant the seeds of a recession. Happened under Ronald Reagan with the stock market crash of 1987 with one of the worst recessions in U.S. history. Happened under George W. Bush with the stock market crash of 2008 with the worst recession in U.S. history next to the Great Depression of the 1930s.
That is why I know a lot of Trump supporters who believed in Trump will be living in a cardboard box. Most of the money that was used to buy up U.S. debt was from foreign countries that traded with the U.S.A.. This caused interest rates to go down. Without that buffer, the Fed Reserve will have to increase interest rates to attract people to buy U.S. treasury bonds. This will have a very negative impact on a economy that relies heavily on debt. Debts, like mortgages fund the real estate industry, car loans fund the automobile industry, credit cards help people buy the latest Apple I-phones and other consumer goods. Trump de-regulated the financial industry to create another bubble economy that will pop in 2 to 4 years from now. LOL
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@luvanime1986 China's economy is rising, and a big part of that rising is China having industries that can compete with the US and West in high end manufacturing, like automobiles, aircraft, semiconductors, manufacturing tools, and AI.
The US is happy to have China be in low end manufacturing, but they aren't okay with China being able to build farm machinery, automobiles, passenger aircraft, smartphones, processors, flat panel displays, etc.
Back in the 1960s, India had its own jet fighter called the Marut, and Western countries refused to sell them jet engines for their aircraft. That is why that aircraft project ultimately failed.
It seems like Western countries don't want any non-Western countries to become industrialized, and do everything to put obstacles to prevent it.
I was in the computer industry, and I can tell you the companies that make most of the money are the companies that make the crucial components, like the CPU, GPU, & RAM. The companies that produce computers don't have a high profit margin. Just like in the aircraft industry, the most important part is the engine. Being able to produce these crucial components will enable a country to be truly independent.
The more parts a company can produce for any complex machine, the higher their margin of profit will be. For example, BYD can produce about 70% of the parts for their vehicles. This is they can sell a EV for $19k, while US EV companies can't produce a EV at less than $44k.
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@Bobby Boy the market for sedans are largely taken by companies, like Toyota, Honda, Nissan, Hyundai, and KIA. For the luxury sedan market it is taken by Lexus, BMW, Audi, Infiniti, Mercedes, and Acura.
It is already a very saturated market, and American sedans are not reliable enough and stylish enough to compete.
The only reason why American auto manufacturers have a competitive edge on trucks and SUVs is because there is a tariffs on imports for those class of vehicles.
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@putler965 Russia share a border with North Korea, Iran, and China. If China decides to support Russia, there will be no logistical difficulties in sending everything Russia needs.
They send drones, missiles, trucks, aircraft, APCs, AIFVS, rocket artillery, munitions, etc.
If China does invade Taiwan, they won't have anything to lose in supporting Russia. Since China is the factory of this world, they can outproduce the West.
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I guess, people that live on government assistance and other government entitlement programs will get eaten alive by inflation. A deficit of 3% to 4% per year is compound interest. In 10 years, compounding at 4%, your dollar will buy you 67.6% or $0.676 worth of value for what used to be $1 10 years ago. We don't know how much inflation will be year from year, some years, it can be 5%, other years it can be 8%, so no one knows.
From 2000 to 2024, a gallon of gasoline in my local area was $1/gallon, and today it is $5.20/gallon. Gasoline went up at 7.15% every year for the past 24 years. If the government only raises entitlement benefits at 1%/year then your purchasing power in today's dollars would be $1.27. At 7.15%, the purchasing power you will have is $5.25 today.
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Most people in the USA live paycheck to paycheck. Most people make barely enough money to meet their expenses, like rent/mortgage, utility bills, fuel, internet service provider, health insurance, dental, cell phone bills, child care, etc. Most Americans have less than $2000 in their savings accounts, so when you have a period of high inflation. It causes pressure on families, it causes them to go into debt by using credit cards, getting payday loans, borrow money from friends and family, etc.
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Industrial robots had been taking human jobs since the mid 1970s. Computers and computer algorithms have been taking human jobs since the 1980s. This is the reason why credit cards came into being in the 1980s, it was a way to getting people to buy things they couldn't afford so the economy would not collapse. When trade policies like NAFTA came into being in 1994, you had more job losses that resulted from it. In addition with the Glass-Steagal Act being repealed in 1999, many more good paying jobs were lost over the years.
You also had outsourcing which resulted in customer service and white collar jobs being lost. With high speed and broadband internet from 2000 to the present, it has never been easier to outsource intellectual work to other countries where labor costs were cheaper. For example, computer programming work can be outsourced to other countries where people are payed 3 to 4 times less than they are paid in the USA for the same work. Architecture work can also be outsourced to other countries. You can send the work which is largely done on a computer and upload it to the client, and the money can be wired to anywhere in the world.
You had hundreds of thousand of postal workers who were affected by email. This greatly reduced the demand for postal service, and mail sorting facilities use machines to sort out the mail now.
This is why they came out with 0% financing to buy a house in 2001. The vast majority of people could not afford to buy housing with the traditional down payment of 30% down, and 5% to 10% interest rates. This resulted in the financial collapse of 2008. Ever since then, interest rates had been in historic lows for 9 years. This is why the economy is collapsing. Most people are heavily indebted and in most cases insolvent. They don't make enough money, because most of the good jobs had been outsourced or automated out of existence. In the near future, many more jobs will be automated out of existence with deep learning, other forms of artificial intelligence, cloud computing, and quantum computers. Millions more jobs will be on the chopping block in the near future.
As for the stock market, real estate market, and other assets, they are all in a bubble. If the Federal Reserve raise interest rates to 5%, all these bubbles will pop. This is why interest rates are at 1.25%.
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Kevin Cline It really depends on what you do for a living. I live in Los Angeles, and my rent is about $2995/month almost $3000/month. I am a independent contractor, but I do more specialized work, like computer programming, deal with servers, creating websites, maintain computers, and stuff like that. The prices I can charge are variable. With these smartphone based gigs, the prices are set by the app developer. I don't know how you can survive with such jobs.
Independent contractor thing seems to work if you have a high level of education or skill. There are physicians, engineers, dentist, nurse practitioners, registered nurses, software/web developers, technologists, technicians, architects, lawyers, brokers, accountants, authors, etc that are also independent contractors. The difference between these people, and people who use smartphone apps is that they can charge whatever they want. In a sense, they are independent operators of their own businesses or practices. They have licenses, degrees, and skills that everyone can't do.
For me, $3000/month is not really a big chuck of my income, I can afford it, and still have money left over. I have to say being a independent contractor vs. working at a company full time has been more difficult. The work is not always stable, the hours suck, and the rate is variable. If you have clients that know and trust you then you can get higher fees. If you have wealthy clients, they can give you very generous compensation for your work. If you have crappy clients, they can really waste a lot of your time and pay very little. It is much better to work at a company and make a stable salary. It is what it is now, employers don't want to pay benefits, and it is cheaper to hire people when they are needed vs. hiring them to be there 8 hours a day.
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Ionor Rea's Tech Evolution Archive Truck drivers make most of their money driving in the highway across the country. Sure, truck drivers will be used, but they will given 14 hours of work per day. They can be used for let's say 3 hours per day, driving in populated areas. Even at one of the part time jobs I work at, I wrote software to enable me to work 3 times faster. As a result, instead I only go there 3 times a week working 3.5 hours a day. The part time job I have was a full time position before I worked there. Since I am a contract worker, it works for me. I have several part time jobs, and I also do business on the side.
No business is going to give you full time if you get your work done faster. If you can get 8 hours of work done in 2.5 hours, the worker there will be told to go home after 2.5 hours. They will only be paid for 2.5 hours, and no more than that. In another case, if productivity was increased 5 fold, if you had 500 people working there. You can simply lay off 400 people. The mathematics of this efficiency does not lie.
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@SomeUserNameBlahBlah It's a catch-22 really. If these chip companies don't sell to China, their market shares will drop. As a result of the chip ban imposed by the US, Silicon Valley couldn't sell $300 billion or $0.300 trillion in chips last year. This lead to Silicon Valley Bank collapsing, and over 200,000 people in the tech field being laid off.
These companies want to sell their chips, that's why Micron was crying to the US government that they got banned, and they were saying how unfair it is. bahhhhh bahhhh!!!!! LOL
They need US chips for now, but the Chinese found a way to produce 7 nanometer chips, they are currently mass producing 14 nanometer chips. They are getting ready to produce 7 nm chips, they have to make the tools to do that first, because ASML lithography machine ban is causing some issues. They will find away around it.
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@worldtownfc With all this technology that we have, like fast internet, software that enable you to work remotely, I don't think anyone's job is safe. During the pandemic people said they wanted to work remotely, most of those jobs can be outsourced to countries where they speak fluent English, like the Philippines, India, Pakistan, and other countries. Most of the programming jobs could be outsourced to countries, like Poland, Czech Republic, India, Vietnam, China, etc. Hell, you can hire one computer programmer to do the work of 4 or 7 programmers with a program, like ChatGPT.
When I was growing up, you needed to type in commands to use computers. When they came out with GUI(graphical user interface) based operating systems, everyone could use a computer. Computers became as easy to use as a telephone or a television. A high level programming language is a tool you tell the computer what to do. In the future, a person could just type in what they want a program to be, and the machine can write the software. The ultimate expression of that would be humanoid like robot that can understand human language and do what you tell it to. This is the future.
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You don't understand economics. The U.S. produces enough wealth. Foreigners come to the U.S. to buy high end real estate, and many people want to come and live in the U.S.A.. U.S. produces a lot more things than I can put in this comment bar. The foreigners aren't going to dump those dollars, they will use it to buy something of value. They will buy U.S. businesses, land, real estate, defense equipment, natural resources, automobiles, commercial aircraft, livestock, etc..
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I bought gold because I collect gold coins. I don't think gold is an investment. I collect retro computers, because I collect them. Some people collect old cars from the 1950s, 1960s, and 1970s.
An investment is something that provides a regular rate of return, like bonds, rental properties, a business, etc. Investing in yourself is also an investment, like going to university, trade school, studying to get a certificate or a license, etc. Buying in some commodities and expecting it to go up is not a certainty.
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@dev0random if you ever took economics 101 in college, the purpose of the corporation is to be efficient. That means, they are efficient when it comes to making money. In reality, most of people who are hired by businesses are hired mostly by small and medium sized businesses. Businesses where you will more than likely see the owners of these businesses, but if you work in a large corporation you have no personal connection to your employer.
Let's say in the future, you had another political party which actually stuck up for the American people. Let's say, they made a law which fines anyone who hires undocumented workers with a fine of $100,000 per undocumented worker, and the people who hired them must pay for the detention and deportation of these people. I guarantee you, the Republicans or the Democrats wouldn't support it. Especially the Republicans who tout all this white nationalist bullshit. The solution is, we need a real 3rd party.
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If you have millions or billions of dollars, paying a politician $200,000 to $1,000,000 is no big deal. If you only make like $35,000 to $120,000 per year, there is no way you can give someone that much money. Most likely, you will have a family to support, car payments, mortgages, pay for daycare, buy health insurance for your family, car registration, car insurance, dental bills, utilities, etc.
It isn't crony capitalism, this is what capitalism is. You get big enough, you buy up all your competitors, and you become a monopoly. You expand your business out of the country to make more $$$$. The people who helped you start your own business in your own country gets shafted. The cost of keeping you around is more expensive, so fuck you and get lost. I can hire someone in Sri Lanka, Mexico, China, Vietnam, India, Indonesia, Thailand for less. If you think that is crony capitalism, you're an idiot. Capitalism is based on unlimited growth. You need to become international. The kind of capitalism Trump is talking about keeping industries within the USA, and not outsourcing is bullshit. Capitalists have always been expanding outside of their boundaries. When capitalism started in Great Britain with the start of the Industrial Revolution in the mid 18th century. They needed markets outside of Britain, and they pressured other countries to trade with them like in the Far East. In other cases, they conquered the country and dumped their excess production on their colonies.
Crony capitalism my ass. Capitalism leads to imperialism and that is a fact.
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@shortfuseband losers are good at blaming other people for their problems. They never reflect on themselves, so they lose again and again. They believe in delusions, like if I buy silver I can crash JP Morgan. If I buy Bitcoins and cryptocurrencies, I can stick it to the Central Banks. If I spend my life saving on survival foods, guns, ammo, silver, and other useless things, I will be prepared for a total collapse or SHTF scenario. Blah, blah, blah, nothing people like you ever believed in ever happened. Most of what people like you said amounted to bad financial advice for the people who followed that advice. LOL
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@bingbing3464 They need to reconfigure those factories to build products people and the public sector needs and wants, like vehicles, smartphones, rice cookers, appliances, cookware, etc.
The defense industry can build more equipment.
Heavy industries can produce more buses, trains, construction equipment, commercial aircraft, etc.
All of these things can help keep many Chinese people employed, and contribute to a strong domestic economy.
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My parents are senior citizens and they are retired. Back in 2012, I called them and made a deal with them. I would move back with them, and I asked them if they would be interested in paying off the house and get rid of the mortgage. I was getting tired of paying rent. I asked them how much they had in savings, and I asked them how much was left in the mortgage? I had enough money to cover for the rest to pay off the mortgage, so we paid off the house together. I didn't have to play inflated rent prices, and I would cover the cost of utilities, property tax, maintenance fees, & groceries. Even paying all that, it was a lot less money than paying rent. I was able to save money after I did that, and my parents didn't have a shortage of money. They didn't have to get a home equity loan from these predators.
The key is, you have to find a way to work with people. Back when I was going to university, I shared a 2 bedroom apartment with 3 people. There is no way, I could have paid the rent being a full time student working part time jobs at the time, so I just found 2 classmates who would agree to share the rent. It worked out. People have to learn to make compromises, and work together. If you can do that, the predators can't win.
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It's monopoly pure and simple. These big platforms don't want you to sell exclusively at their website over your website.
I also noticed, a lot of the Chinese companies that made products for people who sold on Amazon and Ebay are beginning to sell their products on Amazon and Ebay directly at lower prices. At the same time, Amazon is copying successful products from sellers, and kicking them off their platform.
Either way, sellers on platforms, like Ebay, and Amazon are screwed. There is no future in it unless, you buy individual components, put it together in your own workshop, and sell it on your website. Use social media, like Youtube, Facebook, Twitter, and others for marketing and advertising your stuff.
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@GeorgeVCohea-dw7ou Requiring sellers on platforms, like Amazon to sell the exact same products for more on the sellers website is a monopolistic practice. It doesn't make any sense, because Amazon and Ebay charge you a fee to sell on their platforms. You should be able to charge more on selling on platforms, like Amazon, Ebay, and other platforms, because your costs are higher.
For people that know better, you can find better prices if you search on the internet to buy things. You can buy stuff on websites, like Aliexpress and buy it at wholesale prices cheaper than Amazon or Ebay. You can go to let's say Sony's website and order PS5s, or Oberto Beef Jerky, etc. In that respect, Amazon and Ebay aren't monopolies, because the internet is full of websites that sell things.
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Exactly, but the problem with student loans is you can't default on it, or file bankruptcy to get rid of it. Those loans are owed to the Federal government via Sallie Mae. When I graduated from university in 2001, I had $2000 in student loan debts, and they wanted it right after I graduated my undergraduate degree. Fortunately, I didn't have a lot of student loan debt, because I was working while I was going to school. This is why it took me longer to graduate. I had money, because I had a job while I was going through university.
Too bad these Millennials are financially illiterate, most of them will never get underneath this debt. I knew this one girl, she had $75,000 in student loan debts, and this was in 2009. She owes $100,000 now, because she missed payments, and she didn't pay. The interest keep on accruing. The government can find you via your Social Security number and garnish 15% of your paycheck. Being a debtor must suck.
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@Kevin Tewey Unless you control real assets, like patents, real estate, productive land, you will always be at the mercy of monopolies. As for looking at another system, that is beyond my control. We cannot change the current system, so we are forced to live in it.
I really don't see a future, it is all a race to the bottom. Everything is pretty much saturated, too many people, too much competition, resources are running out, etc. I am just trying to hang on.
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@keith mcdowell A lot of people are brainwashed here, and they are the ones who are funding their own slavery. For example, most of the money these big corporations get is money from mutual funds, pensions, and 401ks which is tied to the stock market. Most of that money belongs to middle class people which corporations use to expand, and sell their products below cost which drives smaller businesses under.
A lot of middle class people shop in the Walmarts, the Targets, CVSs, Walgreens, etc. Yet, they complain about workers in those firms being paid very poorly. All of it is a big paradox, because they are the ones who are unknowingly funding it. There is no point in arguing with these idiots. You can only make the right choices which will benefit you, and trying to change the world is a pipedream.
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I know how to play the game, my father was a director of a large corporation back in 1970s and early 1980s. I know the stock market is suckers game. The directors of large corporations manipulate the price of stocks, so they can get suckers to buy it. Stocks are nothing but pieces of paper any corporation can print out, so they can get suckers I mean investors to buy it.
There was a big drive in the 1980s to get people to get into the stock market by getting middle class folks to buy into 401ks, and mutual funds. This is why you saw huge increases in the stock indexes from 1980 to the present.
It isn't really hard to make money, or make a lot of money. You just have to know how to do it. You buy land, and you rent it out. You get a license to sell real estate, and make the big commissions on the inflated price of real estate. If you went to the right IVY League school, you could become a hedge fund manager and get a commission on a percentage of billions of dollars. For the past 19 years, it has all been about asset appreciation, inflating the price of real estate, inflating commodity prices, and inflating equities.
You're very idealistic, but not realistic.
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No it hasn't, because it's always been that way. Even in ancient times, you had the bow maker who made bows/crossbows for hunters also make bows, crossbows, catapults, and ballistas for the government. The ordinary craftsman/metal smiths who made tables, brooms, stoves, farm tools, horse shoes, carriages, knives, etc for the civilian market would also make spears, arrow heads, swords, frames for seige engines, cannons, logistical wagons, for the government. All this is as old as history.
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@indricotherium4802 I don't know how old you are, but this idea of renting everything and not being able to own it kind of sucks.
It seems like everything is become a subscription service. Back in the 1980s, 1990s, and the early 2000s, you were able to own the software you bought. This software came in a box, had a manual, and you could install it on your computer and use it.
If you want to buy a game now, there is no box, there is no paper, there is no poster, and there is no physical media. You buy it online, download it, and you use it on a platform owned by Steam, UBISoft, etc. Some of the older games don't work anymore, because Microsoft Live isn't supported anymore, etc.
This rideshare stuff was good in the beginning when rates were low, but look at how expensive it is now? These rideshare companies are gouging people and ripping people off. A lot of people I knew said, you don't need your car. You can just take Uber or Lyft.
This idea of you will own nothing and be happy is becoming a reality now.
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@andreah6379 I don't know how old you are, but I am 49 years old. I experienced the industrial economy of the 1970s to the 1994, and I experienced the post industrial economy from 1994 to today.
The post industrial economy is based on finance capitalism, and it is all about increasing profits. That is what you have today. Increase profits by cutting corners(using low quality materials and parts and charge the highest price), outsourcing, charging fees, charging excessive fees, rent seeking, asset stripping, monopolistic practices, etc.
You have a bunch of oligarchs with lots of dough using the govt to put their competitors out of business. The companies that have the most money get their voices heard, and the companies that don't.
It's called corporatism. I can't blame them corporations entirely. People choose to buy inexpensive and low quality products. Now, that most of the competition is gone, these big corporations are now monopolies, and they can charge whatever they want. The end.
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@TheDrSweeney Can you tell me how many jobs he actually brought back? What a lot of BMW, Tesla, Harley Davidson, Ford, and other manufacturing plants that had to move due to Trump's tariffs. Come on stupid, these companies have to rely on exports to survive. Before, they had tariff free trade, so they can import very inexpensive parts to the USA. They used US workers to assemble cars, and other machinery. In addition to that, the basic resource to produce things, like steel and aluminum have gone up due to Trump's tariffs. The savings from duty free trade offset the higher cost of U.S. employees, so companies assembled their products here and exported it to other countries, like China and the E.U. Since Trump started a trade war, those companies can't ship their stuff from the U.S.A. to other countries without getting hit by tariffs. In addition to the parts they import from abroad are also being hit with tariffs, and that makes the cost of parts more expensive. Therefore, the cost of the product is more expensive. They just move the production overseas. They will keep some of the production here to sell to U.S. markets, but the production capacity will be diminished in the USA.
You don't know what the what the fuck you're talking. In long run, you'll have production in the USA to meet with demand from U.S. consumers. They won't expand production or add more production here. In the end, the US consumer will pay more money for goods and services. In addition to the state and federal income taxes they pay which amounts to almost 30% to 35%. You have to pay other taxes, like property taxes, and car registration fees. Tariff is just another tax stupid. Americans will just have less disposable income, and they will shop less. They will go out to restaurants less, and that will affect the local economies as a whole.
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@dorotapogubila4427 I think the West gave a lot of loans to the Ukraine. During World War 1, the US sided with France and the British Empire, because they lent more money to them compared to the Central Powers.
It's a gamble. Russia isn't going to back down, and the sanctions against Russia to cut off buyers for their energy has failed. China and India are buying up Russian energy, and those two countries have a combined total population of 2.8 billion people. Compared to 842 million people for the US, EU, Canada, and Australia.
Natural resources is what economies need to grow. There is a need for oil, natural gas, palladium, lumber, coal, etc.
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The problem is Chinese people living in the U S are from many different countries, like China, Taiwan, SIngapore, Vietnam, Indonesia, South Korea, Malaysia, Myanmar, Cambodia, Thailand, The Philippines, etc.
They all don't have the same beliefs, so that is why Chinese communities in the U S aren't united.
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@kustomkode How the hell can you bankrupt a casino??? You must be pretty incompetent to bankrupt something like that. Trump airlines acquired in 1989 and went out of business in 1992. Had a fleet of old twin engine Boeing 727s, and charged rates which were several times more expensive than his competitors, like American Airlines, TWA, and others for domestic flights. Sure, we should pay those rates, right? Because Donald Trump said it is the best airline ever? No thanks buddy, most people aren't going to get ripped off. Trump water? The best war in the world, which turned out to be nothing but filtered tap water in plastic bottles, charging the price of premium bottled mineral water? No wonder this man is a failed business man. He is simply a con man, and a typical Republican businessman.
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@kustomkode You people can't compete in business fairly, so you have to cry to the government for help? Please government levy tariffs against other countries, because we can't produce a good product people want to buy. Please put more regulations for this industry, so our smaller competitors can't enter the market. Please give money to US farmers, because China no longer wants to buy our crops, because of what Trump did.
The Republican party was all about free trade, getting rid of trade barriers, like tariffs. They were all about entrepreneurship, a smaller government, reduce the trade deficit, balance the national debt, less taxes, blah, blah, and blah. All lies, and all contradictions.
In business, if you don't provide a good product, or service you should go bankrupt. It is as simple as that.
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It isn't only China that is doing it. The European Union is doing it, and all the countries that trade with the U.S. are doing it as well. When people make enough money, they emmigrate to the USA and buy real estate here. Most of the luxury condos and penthouses in New York City are owned by foreigners, they can Chinese, German, French, South Korean, Russians, Saudis, Belgian, British, Spain, people from African countries, Brazil, Columbia, etc. Rich foreigners go to New York City and do their shopping here. You have foreign tourists who come to the USA, going to places like Yosemite, Yellow Stone, Mount Rushmore, Statue of Liberty, and other places. They come here spend a lot of money in the USA.
It is good we have all this influx of capital returning to the USA. You cannot consider these people to be your enemies. They are buying up about $140 billion worth of agricultural goods from the USA every year.
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I can't say they are taking advantage of the USA, because if you understand how trade works. It is all about comparative advantage. The country that produces a certain goods more efficiently does so at a lower cost. If it costs less money to produce an item in let's say China, Vietnam, India, Nepal, Thailand, Sri Lanka, Madagascar, Mexico, El Salvador, etc, corporations and companies will outsource the work out to those countries. With artificial intelligence, and advanced robotics, it may be cheaper to produce items employing automation than outsourcing it out. That isn't going to help workers in the USA. The steel industry in the USA is producing much more than they ever did using a fraction of the workers they used let's say 40 years ago.
Trump isn't going to help you get a factory or manufacturing job making widgets. Most of the manufacturing jobs here require a high level of skill, unless you have a degree in computer science, electrical engineering, mechanical engineering, manufacturing engineering, or other skills. You ain't going get shit. The other factory jobs that are labor intensive can simply be sent to other countries that aren't affected by tariffs. They have billions of hungry in this world that make less than $20 a day, and they aren't going to pay you $20/hour for people who can do the same kind of work as those other people can do. The Republicans, Democrats, most business people, and corporations don't give a shit about you. The rich get richer, and Donald Trump is rich, you give think he gives a crap about the middle class? Most of the stuff he produces are produced in 3rd world countries. LOL
Do what I do, study something like computer science, or a 4 year university degree work in a nice air conditioned office. You can't fight economic realities. You can only make improvements in your life that can benefit you, and if you refuse to adapt. That's on you, you lose our job, you become homeless, no body fucking cares.
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Before the last recession in 2008, I made a pretty good deal of money. I really don't care about political views, political beliefs, or anything like that. I care about only one thing, how can I benefit from it?
I don't have to be a sheep and believe Trump when he is a known liar and conman. I am not a millennial, I am a Generation Xer, there is no such a thing as WE in my generation. It is all about the ME. What do I get out of it? If Trump isn't offering anything to me, I don't have to have follow him and get slaughter by his policies.
When the economy does crash, no one is going help you. You can ask Trump for help, the person who cut welfare benefits, and he going to tell you to take a hike. Pull yourself up by your own bootstraps. The farmers who get ass raped are on their own as well. Sure, Trump will give them $12 billion for now, but he isn't going to cover the $80 billion in lost trade they will suffer from year to year.
When all this happens, I will buy homes for less money, I will buy back stocks for less money, and I will find more business opportunities. LOL
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Universal Basic Income will be the real solution for this. People will still work, but the number of hours they get will be drastically reduced. Machines, computers, and algorithms will make workers more productive, so less people are needed. Let me give you an example... If you have warehouse workers, you can still have some warehouse workers who use the robots to get the work done more efficiently. Thus, the work of 10 warehouse workers could be done by let's say 2 warehouse workers employing robots. The same is in a office environment. With cloud technology, all the documents in a office could be scanned into a cloud server, or it can be stored on a local server or both. This eliminates the need for a person who files charts, you don't have sort and file documents into physical charts. All that is done automatically on a computer server in database. People in the office can access information very quickly thus less people are needed.
If automated trucks were used, you can use the lead truck on the highway with a human driver in it leading a convey of 10 trucks. The human truck driver will be there to address any problems that may arise, like people trying to hijack the trucks, etc. As a result 9 human truck drivers lose their jobs, or they are limited to only driving on local or busy streets. Automation and AI technology can allow less humans to get more done, and it will lead to mass unemployment. Human workers could be entirely replaced, or the amount of hours they get in a work week could be reduced by more than half.
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The U S cannot decouple from China. Many the inputs to make more complex machines, like automobiles, motorcycles, computers, buildings, etc.
For example, the nails, screws, fixtures, pipes, electrical wires, dry wall, and all the other things needed to build a home are made in China.
To build a computer, you need to buy resistors, transistors, circuit boards, chips, capacitors, etc from China.
To make a vehicle, you need to buy chips, screws, composite materials, circuit boards, wire harnesses, etc from China.
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It takes a lot of technology to make a fighter plane, gunship helicopters, satellites, smart bombs, surface of air missiles, air to air missiles, modern battle tanks, composite armor, radars, howitzers, etc. Weapons technology represents the pinnacle of technology. Most of those nations you mentioned have thriving defense industries. German Leopard 2 mbt, K2 Black Panther mbt, T-50 Golden Eagle, Leclerc mbt, Euro fighter, Challenger 2 mbt, Type 90 mbt, etc.
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@GhostRangerr It's been like that starting from the 1980s. Now, with artificial intelligence, faster networks, faster computers, and massive amounts of data it is a matter of time until most white collared jobs become redundant.
Industrial jobs became redundant in doing simple tasks in factories and manufacturing plants in the 1980s and 1990s.
Back in high school in 1992, my chemistry teacher said most repetitive jobs, like factory and industrial jobs will go away. The only jobs that will be worth anything are the problems that require you to solve problems. He was right.
Computers back in the late 1970s to the 1990s were relatively limited in what they could do. There were a number of factors that made them limited, like the lack of memory, lack of processing power, slow network speeds, lack of storage space, etc. These computers could do repetitive tasks, but they aren't anything like the computers of today.
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@dontaskwhatkindofmusic Private companies and CEOS can do whatever they want, because we have property rights.
If Mr. CEO wants to setup a factory in let's say the Philippines, China, Bangladesh, Thailand, Malaysia, India, Mexico, Columbia, etc. they can. If Mr. CEO wants to automate a soda processing plant, they can do that as well.
If you don't own it then you have no say over it. That factory, manufacturing plant, business, store, etc. doesn't belong to you. The owner or owners of those enterprises can do whatever they want.
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@appletree6741 I don't think so, because Russia's infrastructure is still intact. On the other hand, Ukraine's infrastructure is being destroyed, like tank factories, power plants, railway junctions, airports, warehouses, factories, etc.
Russia isn't getting weaker, they can sell their oil to non-EU countries, like China, India, Turkey, countries in South America, countries in Africa, EU member countries, like Hungary, etc. Just China and India alone has over 2.7 billion people.
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@beja8694 Under Obama??? Gasoline and oil were cheap throughout Obama's presidency. Gasoline and oil got expensive near the end of George W Bush's terms of office from 2007 to 2008. In the 1st 2 year of the Donald Trump presidency, prices have skyrocketed for oil, gasoline, and inflation is getting higher and higher. Now, tariffs on top of that which will make prices even higher for most consumer goods.
When this economy goes into a depression, I hope you idiots realize how stupid you were voting in this con man and clown into office. If you have a lot of money, it doesn't matter for you. For the rest of us who aren't multi-millionaires, or billionaires prices going up will make it more difficult for us to pay our mortgages, rents, paying our bills, car payments, child care, and other fixed expenses more difficult. Most of us make a fixed income, whether you operate a small small or medium sized business, or work for others.
Oh well, you can't fix stupid or stupid people. Enjoy it.
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For one, the U.S. produces a lot of things the world use. On the other hand, Zimbabwe doesn't and that's the difference. The U.S. produces F-16s that cost $18 million, F-15s that cost $45 to $80 million, largest producer of crops, a very large producer of minerals, lumber, food stuffs, agricultural goods, a very large producer of munitions from 5.56x45mm to AIM-120 missiles($150,000/un), oil, coal, medicines, medical equipment, heavy machines, etc. The U.S. has a lot of technology and resources.
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We have a lot of manufacturing in the USA already. We produce automobiles, aircraft of all types, small arms, manufacturing machinery, all kinds of consumer goods(cans of soda to paper towels), helicopters, nuclear reactors for power plants, nuclear submarines, nuclear reactors for aircraft carriers, boilers for coal powered plants, cruise missiles, all types of guided missiles, etc. This idea that we don't produce anything in the USA is bs.
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@brad0805 This isn't new, John D. Rockefeller had a monopoly on oil, but in the 1870s to the 1890s there were many independent oil companies. John Carnegie had a monopoly in the steel industry in the late 19th century, and during the industrial revolution in the USA there were hundreds of steel companies. Carnegie was more successful, so he put his competitors out of business and had monopolistic powers, the same with John D. Rochefeller, and the other industrialist titans of the 19th century.
Back in the 1920s, there were over 20 automobile companies. Now, we have Ford, Chrysler, and General Motors. Back in the late 1970s to the 1980s how many computer companies did you have? You had many different operating system and computers, like Commodore 64, Apple, ZX Spectrum, IBM, AST, Compaq, Hewlett Packard, Sony, Samsung, MSX, Packard Bell, Dell, AT&T, NEC, Toshiba, Amiga, and dozens more. How many do you have now? You have Microsoft which has a monopoly on operating systems, and a handful of computer companies, like Hewlett Packard, Dell, and Apple. The 4 biggest smartphone manufacturers in the world are Apple, Samsung, LG, and Huawei.
You had monopolies during the industrial revolution, and you have monopolies in the information age. If you go further back in history, you had monopolies which we called empires, like the Roman Empire. Before the Roman Empire, you had hundreds of states, like the Greek states, Etruscan city states, Carthaginian Empire, Ptolemaic Egypt, Gaul, Iberia(Spain), Seleucid empire, Armenia, Germania, Britain, etc. Competing states got conquered, annexed, and consolidated into the Roman Empire.
What are you trying to say? This is a new thing?
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peterodz67 ruiz, a lot of the money in Wall Street are from foreign interests. Wealthy foreigners buy million dollar apartments in New York City, Los Angeles, San Fransico, and other major U.S. cities as a investment. Trump's anti-foreigner policies will cause a lot of them to leave. Not all foreigners are poor, there are foreigners who have a lot of money that come to the USA. Since most of these foreigners made their money in their own countries will have their businesses affected in a negative way. They will have less money, so they will put less money in U.S. equities, real estate, etc.
There are foreign car companies that assemble cars in the USA, like Honda, Toyota, BMW, Mercedes Benz, Hyundai, Kia, etc. As a result of Trump's tariffs, the parts they import in the USA will cause the prices to go up. You have the steel tariffs and that will raise the price of cars. This will make these cars more expensive, so less people will buy them. This will result in people getting laid off. American car companies import parts from overseas and from neighboring countries, like Mexico and Canada. Trump's tariffs will drive up the price. If the car price went up 30% that would hurt.
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Tom Dobyns, that won't happen. The American dream existed in the 1950s to the 1970s because the U.S. industries didn't have any competition in the world. Much of Europe was pretty much destroyed, and much of Asia was also destroyed during World War 2. The U.S. didn't really have anyone to compete with. Now, U.S. industries have to compete with German companies, French companies, Japanese companies, Korean companies, Chinese companies, Russian companies, Taiwanese companies, countries in the European Union, and many other countries. Other countries make the exact same things American companies make.
You living in the past, but the world doesn't stay still. The world always changes you dinosaur.
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Foreigners can buy American oil, natural gas, commercial aircraft, heavy industrial machinery, farm equipment, bauxite, copper, iron ore, helicopters, munitions, jet fighters, military equipment(thermal optics, high end night vision, autocannons, fire control systems, etc), automobiles, etc. There is a lot of things foreigners can buy from the U.S., and they can use those dollars to buy from others who use dollars.
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earth ocean it would be easier if the priorities of the government we live under changed from funding corporate welfare and the military industrial complex to funding human rights. The priorities of this country has is all backwards, because if you want a prosperous country. You need a well educated and healthy work force. It doesn't seem like that is what the US government wants, because they are influenced by moneyed lobbyists who get their voices heard.
The government should have never backstopped these student loans for investors. Since these investors signed a contract with the government to get a guarantee from the government to get their loans paid. There is no way the US government will not pay these debts back, because the US government will pay back all debts. It would be like you buying U.S. treasury bonds from the U.S. government, these debts are guaranteed. These debts can be paid back by taxing U.S. citizens, or by borrowing more money from the Federal Reserve Banking system. There is no other way our government can pay off these debts, they can't just be expunged. If our government borrows money created out of thin air from the Federal Reserve, it will cause inflation. If they tax American citizens, it will make people angry. There is a way out of it, we don't have to tax everyone for it. We can specifically target Wall Street by levying a 5% stock transaction tax. After all, these bastards are the ones who invested in these predatory schemes in the first place. A lot of these stock trades are done by computer algorithms and computers with high frequency trading. I am sure we can get these debts paid in a couple of years by levying such a tax.
There is always a way, but we have to be actively involved in politics and get the people we need in power to make these reforms.
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Go into business for yourself. Companies don't care about you. The longest I worked for a company was for about 9 years, and what did I get for it? My reward was betrayal.
Thankfully, I was doing stuff on the side, and I have a means of making money with just a part time job. I saved my money, and I have the resources to make money by doing a variety of things, like doing international business, e-commerce, social media, affiliate marketing, trading equities, buying bonds, doing IT services, making websites, etc.
I remember this scene from the Ghostbusters (1984) when Peter Venkman, Ray Stantz, and Egon Spengler got kicked out of the university. Peter Venkman said, "We were destined to get thrown out of this dump." Ray Stantz said, "For what purpose?". Peter Venkman replied, "To go into business for ourselves. ".
If you get laid off you better have some savings, and skills to go into business for yourself.
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GM is a automobile manufacturer, respirators and automobiles are different. Respirators are electronics. I don't think GM produce electronic components, circuit boards, transistors, capacitors, integrated circuits, micro processors, etc. GM produces car parts, like bumpers, internal combustion engines, pistons, door locks, car chassis, brakes, etc. GM would have to source it from a company that produces electronics, and that will take time. GM will not be able to produce ventilators very quickly. LOL
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@kurthaas4331 I don't think 75 million people will fork out money every month to watch chump everyday. After a few months, most people will get bored of it and cancel it.
Why you could spend your money on better things, like Hulu, Netflix, Amazon Prime, etc, and not only will it cost less, but it is actually more entertaining as well.
Nationalism is a bullshit concept. Back in the 1980s, my father was such a bigoted moron on buying Japanese cars, or foreign products in general. He bought Oldsmobile cars, and those cars gave him so many problems. The amount of money he spent on them could have bought him 4 cars. He wasn't a good business man either. LOL
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Most of the electronic stuff is made in China, so China is going to make most of this money. A American company will get the contract, but they will have to get all the parts to make the ventilators from China. The USA doesn't produce electronic components, like capacitors, micro controllers, chips, resistors, printed circuit boards, and other components that goes into producing this stuff. They will have to order it from China, have it routed to an assembly plant in the USA, and have it delivered. It could take months to produce 40,000 respirators, and GM isn't going to be able to produce this stuff immediately. Trump is such an idiot, he believes everything can be done easily. Everything is easy, trade wars are easy to win, life is easy. LOL
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People who are productive, and have a future aren't going to be signing up for the local Neo-Nazi, Klan chapter, the Proud Boys, or other hate organizations. People who don't have much going on with their lives are going to be joining those organizations. Adolph Reed, Jr is right. A lot of the jobs we have these days are low pay, there is no future working for these dead end jobs, part-time, and Gig jobs. People get frustrated and angry, they look for solutions of why things are the way they are.
For most people who don't have at least a 4 year college/university degree or higher, there really is no future. The only way to secure your future is to get a undergraduate degree, go to law school, medical school, become an engineer, become a CPA, dentist, technologist, professor, teacher, architect, etc. If you have a high school degree or less, there really is no future.
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Exactly. It is impossible for everyone to be a employer. I've owned my own business several years ago, and it isn't easy. 9 out of 10 businesses fail within the 1st year. Starting your own business is like gambling. There are a lot of things you have to take into consideration, like how much is the overhead, like rent, paying the staff, utility bills, etc. There is no guarantee that you will make much money from your business venture.
I know a few people who are worse off after they started a business than before they started a business. They spend so much time and money in their businesses even if it didn't make enough to cover the basic expenses.
A lot of scammers these days. They start shell businesses, they say their company is worth this much, they pump up the stock value, and dump it when they get unsuspecting people to buy it. It is happening in the cryptcurrency world where people are making their own cryptocurrencies. They promote it on social media, get people to buy it, and this makes it go up. When it gets high enough, they dump it all and take the profit. It is something that is inherently worthless, and they get people to believe it has value. You have capitalist whores of the alternative media who are for profit corporations, but they ask for donations. Most of them are Libertarian scumbags, they get you to buy into some pump and dump scheme. They get their gullible audience to believe in nonsense conspiracies theories, like the Protocols of the Elders of Zion. They say they don't want you to have gold and silver. They bought it when the price was very low, get people to buy it, the price goes up, and dump it all and make a huge profit. Libertarians are cheats, scammers, and scumbags.
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I am a mathematician and programmer, and I can tell you many jobs were replaced by simple computer programs. Speech recognition software got rid of many customer service jobs, speech recognition software got rid of people who dictate notes over the phone, translation software made human translators redundant, email was directly responsible for destroying more than half a million postal jobs, you have electronic filing systems which gets rid of people who file charts, etc. The middle man can also be cut out of the equation as well. I can order everything online at wholesale prices, so this is why many brick and mortar stores are dying.
You don't even need people to do paperwork in companies, it can all be done online. No need to hire people to do it, you can do it yourself.
You can program computers to turn on by themselves, perform routine tasks by writing programming scripts, and they can turn themselves off at the end of the day. All the human needs to do is drop the files in the folder, and the computer does everything. Kind of like in a factory, you have input of goods, and output of processed goods.
The binary computers we have now are quite limited in what they can do; however, quantum computers can do much more. GPU technology is being employed to make self driving cars a reality, and it is only a few years away. This will destroy many more jobs. Car dealerships will go under, car insurance companies will also die, the people who drive for a living will easily be replaced, and you won't need as many traffic cops when the system becomes fully automated. In the future, if you lose your job to some computer program, robot, or artificial intelligence, you're worthless too.
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A History Nut, that is why Trump likes autocrats, like Putin, Duterte, Erdogan, Kim, and others. He wants to turn the U.S. into a dictatorship where everyone in his cabinet says yes, he has control of both houses, and control of the judicial branch. Then, he can do anything he wants. When we have an idiot like Trump trying to bully everyone in the country in getting his way. His idiot supporters and hence men's wet dreams of oppressing everyone who isn't like them or agree with their ideologies. Now, you have white nationalist, and white supremacists running for political office.
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A History Nut, I think the U.S. is in a state of decline. The U.S.S.R. back in the 1980s was a super power, it had a large arsenal of weapons, and in Dec 26 1991. The U.S.S.R. collapsed.
A lot of the people who are flocking to Trump are the people who got left behind by the global economy. It seems like a lot of these Trump supporters are blue collared white males who got left behind. These days, you need at least a 4 year college/university degree to make it. If you don't have a 4 year bachelor's degree, companies or corporations won't even look at your resume. In addition to that, you need to have other marketable skills, you have to know how to computer programming languages, you need to have some engineering skills, and other skills.
The days when a guy with a high school diploma getting a job in a factory are over. Most factories and manufacturing plants in the USA are highly computerized and automated. Most of these angry people don't understand this, so they blame immigrants, and they blame other countries for their misfortunes. You can blame people like Trump for automating factories, and sending jobs overseas. You have a lot of scapegoating of the so called other.
In the end, these angry people will only hurt themselves.
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If China stopped trading with the USA then why are so many things in the U.S.A. still made in China? You can still buy Tula ammo & other things made in Russia. Is there stuff China, Russia and other countries want from the U.S.A. other than dollars? They can still use those dollars to buy U.S. wheat, rice, copper, iron ore, steel, chemicals, automobiles, lumber, paper, real estate, advanced electronics, manufacturing machinery, heavy machinery, commercial/military aircraft, consumer goods, etc.
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@TyrantTommy The USD is still the world reserve currency. Before the USD being the World Reserve currency, the British Sterling Pound was the world reserve currency.
When the British Sterling Pound was the world reserve currency, the US dollar was also being used in international trade in the 1920s. Other currencies, like the Chinese Yuan are being used in international trade now. The Ruble is also starting to be used to buy Russian oil.
The significance of the dollar will diminish over a few decades from today. That doesn't mean the USD will loose all of its value, because the US still produce things of value and exports it to the world, like Boeing commercial aircraft, agricultural goods, all kinds of chemical compounds, medical devices, heavy machinery, automobiles, fighter aircraft, helicopters, all types of aircraft engines, minerals of all types(coal, oil, bauxite, silver, copper, etc), software, technological and scientific research, and a host of other things.
In the future, Americans won't be able to live on borrowed money. We will have to start producing more and consuming less.
I have more than $50k, I have hundreds of thousand of dollars, I have precious metals, a home that is paid off, no automobile debts, no student loan debts, etc. My cost of living is not very much. The people who will be suffering are the people who have too much debt and no savings.
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@TyrantTommy I've been preparing for not 5 years, 10 years, but for decades. When I was growing up, I saw what being a reckless spender could do to a person by watching my father. I just observed the economy, saw the economic cycle, saved my money, and used my money to buy up assets in economic downturns.
I know a lot of people in the USA have a lot of anxieties, and that is because they have a lot of debts. You can't project your anxieties on me, because I am immune. In the last recession while a lot of people were having family problems due to money issues, people were being financially stressed due to losing their livelihoods, and having hardships.
During that time, I did lose my livelihood, but I had lots of savings. I stayed home most of the time, I went fishing, I learned new programming languages, learned how to grow food, learned how to fix electronics, learned how to cut my own hair, learned how to repair my car, and just did what I wanted.
If you have lots of money, you can tell your boss to F off and quit. LOL
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@popajoekiller China followed WTO rules. Let me explain....
Chump started this tech ban back in 2018, and the current administration followed through with it. As a result, the PRC couldn't buy advanced semiconductor chips. Due to WTO rules, China couldn't put tariffs on semiconductor chips from AMD, Intel, Nvidia, Qualcomm, and others. This hampered China's semiconductor industries, because they couldn't compete in price or performance.
As a result of these bans, China is building DUV lithography machines to make semiconductor chips, and designing their own chips. Now, China will have a semiconductor industry that is subsidized by the government, and it will have a world class semiconductor industry in 5 to 10 years from now if not sooner.
Now, China can control the top of the supply chain.
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@ryanseet8314 As for Xinjiang, the Qing Dynasty conquered it, and after the Qing Dynasty collapsed in 1911. The ROC took over that region, Xinjiang was under ROC control. In 1949, the PRC laid claim to it.
Yes, the Yuan Dynasty invaded Japan twice, one in 1231, and the 2nd time in 1281. Mongols, Chinese, and Koreans took part in the invasion. That is history, so what?
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@blackolantern5666 People that live in rural China are pretty ignorant. People don't act like that in major cities, like Beijing, Shanghai, Shenzhen, etc.
No one is going to act like that in other major cities in East Asia, like Tokyo, Seoul, Singapore, Taipei, etc. If you go into the countryside, you will encounter ignorant people like you did in this video.
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I believe in absolute equality, like one person one vote, free trade, and fair competition. Alt Right Nazis like you are against absolute equality, this is why you people are angry at white farmers being forced to give land back to Africans in South Africa and Zimbabwe. In a truly democratic system, the people the majority has the right to get the demands that they want. Even at the expense of the minority people even if they have a lot of power and money.
For example, Jewish people were very good at business, so the Nazis used boycotts and excluded Jews from doing business, practicing law, practicing medicine, etc. You fuckers are the same. You are using the law make it more favorable for people who supported you at the expense of the majority. Therefore, you are a fucking Nazi and a fascist.
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@Intranetusa I can assure you my wage didn't increase much from 2020 to 2024. It went up 10.6% in the past 4 years. Prices have gone up more than that for stuff like steak, a home, rent, petro, eating out at a restaurant, vehicle, etc.
Some prices did go down, like consumer electronics, toys, and stuff people don't need. Some staple foods did go down, like corn, rice, potatoes, because global food prices are going down.
Right now, we are seeing more people getting laid off in the US. People with good jobs getting laid off, and finding multiple part time jobs. I am seeing this more and more. I did look for another job about a month ago, the wages are much lower compared to 2 years ago.
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@Jj-gi2uv I never really ate out much, I like cooking so I cooked most of my meals. I always bought new cars, and kept them for at least 8 years. It is cheaper to buy a reliable car than buying a used car. My last car was Lexus ES300.
I was always a good saver. When I was 12 my father gambled away most of his money in the stock market, and when the stock market crashed in 1987 I experienced what poverty was. For much of my teenage years, I lived in poverty. When I was about 18 and out of high school, I worked part time while I went to the university. I graduated in 2000 with about $2000 in student loan debts. I paid that off in the first month after I finished university.
If you lived through hardships early in your life, you learn to save, and be frugal. My coworkers who were making 6 figures really lived it up. They would go to bars and order $300 bottles of boozes. They invited me to those events. Some of my friends who graduated from Columbia, Harvard, Yale, and other Ivy League schools would wear $2000 suits, wear $500 shoes, wear $100 socks, $400 shirts, $250 belts, etc. Drove BMW 7 series, and really lived it up. I doubt they saved any money.
After I lost my good paying job, my wife left me, and I am still living alone to this very day. I don't regret it, you can't make people stay with you if they don't want to. I am just content that I have no debt, my home is paid off, my car is paid off, and I am able to survive with the jobs I have now.
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Russia can import a lot of what they don't produce, like sugar, coffee, motor vehicles, chemicals for medications, medications, & electronics. They can import these things from countries, like China, India, Brazil, etc. Russia is having difficulty getting higher end chips, and certain kinds of medications which is only made in Western countries. In turn, they can sell their natural resources, like oil, natural gas, military hardware, coal, lumber, wheat, chemical fertilizers, gas turbines, etc. Everyone needs oil, coal, and natural gas.
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@radagast1184 If that were true, Hitler, Mussolini, and Tojo weren't violent. LOL
Ultra-Nationalists, like Hitler, Mussolini, Augusto Pinochet, Tojo, Franco, and others like them who used violence to get power. They legislate unfair laws to people who don't belong to their race, ethnicity, or other nations. This is why they made Nuremberg laws in Germany, Apartheid in South Africa, and put up all kind of trade barriers.
Fascism is an extreme right wing ideology which promotes nationalism. You're claims of nationalism not being inherently violent has been proven false.
You're a white nationalist, and you want a all white country. Just like Adolf Hitler, wanted a ethno-state which was all German. Just like in Portugal during the Estado Novo from 1926 to 1974 which was a fascist corporatist state had slogans, like we are going to build our prosperity on the backs of our African colonials. This is why you had insurrections in Portuguese colonies in the 1960s in Angola, and Mozambique. Those countries eventually got their independence.
In South Africa, we had the Apartheid state from 1948 to 1994. You had fascist right wing laws which disenfranchised black people, just like you had the Nuremburg laws in Germany that disenfranchised Jews.
You guys are full of shit. We should have a world where we have free trade, and laws should apply to everyone equally regardless of the person's ethnicity, race, religion, or creed. This is what we have now. Under the Republican system of government, we are all legally protected under the law regardless of who or what you are .
I know most of you losers don't like the idea that you have to compete with other people now, and there are no laws that give you any special privileges or protections. You people are whining about how mainstream platforms, like Facebook, Youtube, Twitter, and others are kicking you off their platforms. When Nazi Germany instituted racist laws, a lot of countries around the world boycotted Germany. During the apartheid regime of South Africa, the U.S.A., Germany, France, U.K., and many other countries conducted economic embargoes against South Africa.
This isn't anything new. If you promote your racist ideologies, you too will be ostracized, lose your job, when you are exposed very few people would want to do business with you, etc. People like you will be marginalized, it is that simple. Antifa has a lot hackers, who dox people. You can call them domestic terrorists, and they don't have to really use violence in this information age. Getting people fired from their jobs, or de platformed from mainstream social media is enough. If you can't make a living, you will end up like the millions of people in this country who live and die in the streets.
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@nekiachambers5602 I am someone who doesn't have any debt. Home paid off, car paid off, student loan debt paid off, no credit card debts, etc.
My cost of living has gone up drastically, because property values had gone up a lot. When property values go up, property tax, and homeowners insurance goes up.
I am not an old man, so this isn't a problem. However, people who have a mortgage, and other debts piled on top of that will have problems due to this inflation.
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Mr. Edge, since the beginning of civilization. The state builds infrastructure to provide clean drinking water, roads, rails, ports, airports, so people can move from point A to point B. Public safety to protect people from marauding bands, and national defense to protect the country from bandits, and foreign armies. The educational system to help educate the public at large, so people in our nation can participate in the economy. Therefore, the state does have the interests for the average people in mind, you DOLT!
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Beast Mode The problem is if you start a nuclear conflict, no one will win. For the past 77 years, the US has been picking on smaller countries that couldn't do much to them.
The stakes are much higher today. China and Russia have nuclear submarines with multiple nuclear missiles + warheads, hypersonic missiles with nuclear warheads, ICBMs, and vast amounts of military hardware.
If the US decides to fight it out with larger states with nuclear weapons and vast armies, like Russia, China, and India, they cannot win such a conflict.
If these 3 big states decide to trade with each other, there isn't anything the US can do about it. China and India alone can consume of the world's energy, because both states have large populations.
Global politics is all about securing strategic resources, like oil, bauxite, copper, neon gas, cobalt, palladium, etc. Wars have always been fought over resources. The people who have the power in this world are the ones that have the resources, and not the ones that print money. The US will realize this in the next 5 years.
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ZCorp Alpha, people still use landlines to send faxes. All modern offices have phone lines to send faxes with a 56k modem. Other than that, most people don't need analog phone lines.
Almost all large corporations don't use file cabinets anymore. Everything is backed up on local servers and cloud servers. Some of it is backed up on physical hard drives as well. Hard drive space is very cheap these days, 2 terabytes of space cost about $60. Plus, it takes up almost no space. One gigabyte can store 64,782 pages, 2 terabytes has 1000 gigabytes; therefore, you can store 129,564,000 pages on a 2 TB hdd. You just buy 4 of these and back up all your important files. How much does one page cost? One page costs 1.1 cents and to print it costs 1 cent per page in toner. That is 2.1 cents to print one page. If I wanted to get the equivalent of $60 in paper and toner, I would get 2857 pages. It is economically viable for a large corporation to use a computerized filing system.
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China didn't take US jobs. US corporations sent the factories to South Korea, Taiwan, Hong Kong Macao, Mexico, the Philippines, Malaysia, Thailand, China, Vietnam, India, Bangladesh, Pakistan, etc.
Chump does what he does best, he makes stuff up.
They can try to put 60 to 100% tariffs on imports from China, and it will only hurt the US.
If a smartphone was made in the US, it would cost $5,000, and if a computer was made in the US it would cost $7,000 or more. Just look at the prices of automobiles in the US, the prices have gone up. This idea, that those factories are coming back in fantasy. It costs too much to produce stuff in the US, so if they do produce stuff in the US none of that could be exported to other countries.
What will Chump say? Stuff made in the US is the best stuff ever, so a US made smartphone is worth $5,000 when they can buy one from China for $800?
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If you live in the US, you can see that things aren't getting better, we have a lot of inflation, homelessness, income inequality, lawlessness, drug epidemic, stagnant wages, crumbling infrastructure, etc.
40 years ago, i didn't see homeless people everywhere, people stealing in broad day light, and inflation like this.
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Justgivemethetruth, no it isn't. I asked my friends. For example, I had to take a Differential Equations class, physics class, so I asked a couple of friends of mine which professors are good for these courses. For me, it didn't really matter which professor I took. For the most part, I just read the text book, and took notes. I passed most classes with high marks even if I took a professor I didn't know anything about.
It depends on your level of intelligence. For me, for any math, science, or computer science classes I just looked at a few examples read the theory, and I understood it. I also took notes, and asked the professor if something wasn't clear after class. Not everyone can is equal when it comes to intelligence.
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Justgivemethetruth, even after I graduated university after 18 years, I still have to learn stuff on my own. The university degree I got just helped me get jobs in the corporate world, but everything else was up to me. No company is going to train you, because they expect you to have all the skills before you get hired.
I still have to learn new programming languages, have to learn new things like Arduino and programming controllers, even develop new skills for other jobs, etc.
It seems like you are a millennial. I am a generation Xer, so back in the 1980s I learned how to program computers on a Apple IIc with no GUI interface. We weren't allowed to use calculators in class, so we had to do everything by hand.
If you can't understand stuff, that is your fucking fault.
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@beachcreekkennels7873 Lucifer means the bearer of light. The enlightened one. Just like Prometheus gave fire to mankind, so they can pursue their quest for enlightenment.
You Christians have it all wrong. Lucifer was trying to free us. When the Christians had power, what did it lead to? The dark age, ignorance, filth, and backwardness.
The enlightenment movement was progressive, got people out of poverty, ignorance, superstition, and regression.
With science, and learning, we can improve humanity reach for the stars and become like the Gods!
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The plan I followed was being frugal, and not buying unnecessary things in life. I never bought coffee at a gas station, or a 7-11. I usually made the coffee at home. When it comes to durable goods, like automobiles, appliances, and stuff like that. I just buy the most reliable models and brands. Reliable stuff will save you time and money. Just try to use the stuff you have as long as possible. For example, you don't smartphone every 1 year, you can keep the same one until they stop supporting it.
I always tried to cut out expenses in my life. If I can setup a solar panel array, and if I hook it up to my refrigerator, television, and lights in the kitchen. I could save money regularly every single month on my electricity bill. If you grow a garden in your yard, you can save a little bit of money on your groceries every month. If you get a hunting and fishing license, you can get a source of protein for much less.
Use your time wisely to learn skills that will allow you to find better jobs. You can save your money, and invest it. The important thing is don't waste your money and time in meaningless things. Spending your time watching fear porn is not productive. Wasting your money on buying more things you don't need is wasteful.
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@pmscalisi Not really. If you own a home, you have to deal with expenses, like maintaining your home, like painting the interior and exterior of your home, replacing the central AC, replacing the water heater, etc. All of that costs a lot of dough.
The same goes with health issues. I had to get two root canals and two crowns, and it cost me about 3k.
I don't spend much on unnecessary things. I only own like 3 pairs of shoes, and I have handful of clothes. The lion share of expenses is used on business expenses and expenses for my home, vehicle, health, etc.
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@infamoussnyc3761 For all the essential commodities, like oil, natural gas, copper, aluminum, coal, various grains, chemical fertilizers, etc will not go down, because everyone in the world needs those things.
I don't think the Fed can tame this inflation, because they have no control over it. On top of that, you have countries that are larger commodity producers, like Saudi Arabia, Iran, Russia, Venezuela, and others that want to get away from the dollar. They aren't cooperating with the USA to produce more oil to reduce the price of oil.
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