Comments by "" (@jmitterii2) on "Valuetainment" channel.

Just at the beginning, what drugs is this person on? I want some! Actually, I don't do drugs. But wow! I her head up her own behind.
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Its how all representatives should dress, to let us know who they're really representing.
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Richard called this guy out... but so could have my great grandma when she had Alzheimer's. Hustler. And like most hustlers being called out, they start groaning, freaking, shit I'm caught! Cold sizzle of silence, the anger and the gears turning... and the eventual groan. At the heart of anyone that simply says they're this or that... they're selling you them to sell you something else. At worse, they're liar to you to lie to you some more. 44:00 Of course Richard was referring to the hustle that capitalism is. I don't know this narrator guy, but he has sleazy used car salesman, sleazy lawyer, sleazy politician, sleaze just oozes from him. But I give the benefit of the doubt. He at least is articulate and lets the others be articulate and holds them to the question. At 50:00 they guy is out of his league. But glad he's trying to learn (he's not really he's got a shtick... a hustle and he's sticking to it). At 54:00 this point Richard seems short changed falling into a heated emotional hustle question. He does answer that it's not at the cost run up stage yet on many of these existing monopolies... some are... that would be the cable companies with throttling and requiring metered data plans. Richard should have described Walmart and Amazon, as well as others as not just monopolies but monopsonies. A monopsony controls the market forcing producers to sell at even lower wholesale to the point that their production plants must forgo quality standards, safety, wage/salary, etc. often forced to seek destitute labor abroad to exploit. They can also perform a vertical monopoly in that they suddenly start copying the same good from another producer, and only advertise their copycat good. Often also selling at a bit lower price to then force that producer out. Completing a full monopoly cycle. At the stage most monopolies are today are in the oligopoly stage, where they're still price warring where they must. Cable companies where no competition, prices are much higher. Interestingly, when a town or city declares they will produce and offer fiber optics that will take 2 years to put in place, suddenly these monopolies lower their prices after long periods of jacking prices up. There are also natural monopolies... electrical, gas, garbage, sewer, even internet, telephone and cell phones (the internet and old telephony on the back end is still monopolized etc.). Hence why they are often city, county, state operated or heavily regulated with a public utility commission to ensure input from the locations they service on all things related to their service including quality and price.
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Amazon just dumps all its profits back into capital expenditures. It would simply eat Instacart one way or another. Amazon needs to be trust busted. It's consolidating everything, and its forcing other companies to consolidate: Rite Aid with Albertson's.
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Do any of you have work cited? Just to ensure we're getting facts and not opinion or assumptions that could be way wrong. Thanks. Will be googling later for what I can find. I do know current grid systems with substations and the longer the power plants are from the final destinations has quite a bit of energy loss from heat and wire resistance. A new generation of grid technology would use superconductors to avoid all resistance until the substation... if that's even possible.
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Same here. But one thing that can happen, Japan like recovery. Essentially a 30 year flat no real return. But it's better than being balls deep in real-estate or stocks and making losses.
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Us younger generation look at these old farts and think you folks are so far up their own butt holes. Seriously, the way I determined how bad the COVID19 thing was going to be in Jan and Feb... I youtubed some expats who live in mainland China as well as other Chinese youtubers and even friends. Firewalls are a joke. Anyone with a modicum of IT knowledge knows VPN gets you around any firewall. You can look it up yourself from people in China. And it was bad... a coworker asked me what's all the big deal about this new virus and China... at work I literally said I don't know I keep forgetting I was going to check some youtubers out and see for myself... after I was done doing some lab tests and had a moment, I quickly youtubed it at work and it was serious shit. Youtube videos showing all sorts of insanity from clinics and hospitals opening and rush of people running in, to video from cell phones of the dead who laid in the hallways of emergency rooms and waiting rooms. Individuals trying to keep others way from themselves beating them away with brooms. Another guy not sure what happened who had fallen or hit somehow with a pool of blood in some major city (concrete plaza with high rises nearby). It was chaos. Governmental pick up trucks putting people breaking curfew into a box in the truck bed. China is as much a basket case as the US or Russia or many other nations. This economic system as a whole is a disaster, a tinderbox race to the bottom and what it will make wealth and its income; dubious when nobody can buy your stuff your wealth produces, your wealth is no longer wealth when it produces no income nor can you sell some of it.
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Amazon and Apple best move is just letting Spotify go bust. Then do their own streaming. Why pay a fortune when they don't need to. But as for us consumers and the artists, we need more choice. But alas most capitalism tends to do is consolidate. Unless there's trust busting. And there hasn't been any since the 80's.
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Why do "we" pay for that? Well first it isn't we. It's the top 1% to 20% who have all the wealth and its income. Secondly, a few of the lower morons may because its a business expense part of an expense account and fits within their daily allowance for meals, and another people want to feel fancy pants because they wrongfully think their among the oligarch and their toadies. But seriously, the vast majority of us can't afford such nonsense and frivolousness. This is a joke. Our economy is a joke. The "details"? The part we're all getting screwed so that some people can feel like pharaohs and kings of old with their... "swagger". Watch their bodies swagger when they lose their heads. Economies built on such bullshit never end pleasant for anybody. You just admitted the food tasted like rotten apple juice. WTF? Sale this con job? FUCK YOU!
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Mixed social-capital are the only systems that exist today. Pure capitalism and pure socialism are dogmatic dribble that lead to more people in misery than otherwise would be. Competitive market principles should inform anyone what should be collective and what should be private for profit motivated for competitiveness.
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I didn't know groupon failed.... there still there, just tiny and probably won't be around for too long. During the 2015's I thought we were back into a huge tech bubble. Youtube paying video gamers and other kids thousands supposedly due to advertising money from other companies flooding youtube with ad money. Now you have the ad decline on youtube. Haven't heard much about FB. Several other tech unicorns that I don't remember and can't find on the internet. Uber and airbnb. Another tech bubble. This time with a credit bubble, housing and apartment shortage, and a clown as president! This next crash is going to make the great depression look like a mild bump in the business cycle.
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In the 1800's it was only 52% that the US had positive GDP. The other 48% it was in either a recession or depression or long depression. I'm a geek and have looked this shit up. It is one of my degrees. But yeah. :)
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FB helped get Trump elected. But seriously, 45% didn't even bother to vote in a presidential election, it's a record low. 63% didn't bother to vote in the last midterm. Two candidates that simply sucked. And the winner didn't actually get a plurality, it simply won the electoral college. We're stuck with a vicious cycle of cheap labor world wide since the 80's. And people are angry. Gerrymandering, poor candidates, and stinky economy world wide for the worker and even small business owner which is essentially most of the people: 90% of the population; things suck. I didn't vote for either Trump the cartoon character or Hillary the continue with retrenching toward robber baron economics until we repeat the first 4 decades of the 1900's. As for FB, I realized in 2016 that my info was not safe. Had a long lost friend from Houston call me while I was on business for 6 months in OKC, I asked how he got my number, he said from FB. Was glad it was him, but then realized why about 2010 during my duty in the Air Force when I put my cell number in, that I suddenly got lots of spam phone calls, never prior and I had the same cell number since 2004. Due to various reasons including that, I deleted most personal data. Date of birth is required, so I put something insane, birth town and home town deleted, all colleges and degrees deleted, prior work places deleted (one was a government department and we had been warned to do that on social media to avoid issues with some laws). All that's on it right now are some pictures and videos, and an old Air Force address that has since been demolished. I thought FB would eventually go the way of myspace. And its already happening, hardly log in, same as I did with myspace. And just one step of deleting it. I wondered why all the younger folks, several refused to post their real name, and one, he posted being an old lady and being a model for Ketchup LOL! We used FB as a quick way to share ppt, doc, files, and IM for meetings and gatherings.
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This just describes how business must be regulated both by government and by other business as well as other constructs like the scientific method, in this case peer reviewed medical journalism and universities. Business on its own is not the end all be all, an it does invoke turning a person in their leadership position into a sociopath, and its how psychopaths entrench themselves into as society rotting it from the inside out.
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To add, I think you should have a cushion of cash before putting any into stocks... and real-estate unless its an actually day job not some thing you pay PM to maintain. Cash cushion first in the amount of at least 12 to 24 months of living expenses. And additional $20K in investing money that sits on a the side for a no brainer deal. Or for recession. At this time though 1/3 in cash no matter what is good as the numbers 9 years straight so called growth (more like stagflation) we're a house of cards. Prices in all assets: homes, vehicles, stocks, land, etc. will be cheap. Only one problem is employment. And yes he's right. Try whatever to protect your job or jobs. Even being an expert or becoming the "irreplaceable" worker might not pan out; particularly, when things tank entire work cites are often closed everyone's butts are gone. But it's better than nothing.
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