Comments by "Ray Bod" (@raybod1775) on "Minority Mindset" channel.

  1. Some people made enormous money in stock market, shorting the market followed by going back in.
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  2. Yes.
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  3. Chicago is my home town. I’m retired and planning on getting involved with politics, starting with getting a good States Attorney elected, better mayor and better Cook County commissioners. In the meantime, got my FOID card, getting training, concealed carry and security for my house. If all fails, I’ll move.
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  4. My experience is 20% of people doing work at home are as effective or more effective than coming into the office, 80% are not. Collaborating is extremely difficult if people are not in the same room. Someday technology will create true virtual rooms, but we are years away from that.
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  5. Cut back spending! Don’t eat out. Rent stuff from libraries. Lots of ways to cut back.
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  6. Nvidia will come back. It provides the best processors for AI, crypto currency and gaming. Nobody will want slower chips because they are too power hungry to run big tasks and everyone will want to compete with the best tools. No one knows how many processors China networked together to get the small Llama model to be modified to become Deepseek. Deepseek is another step in AI, but is not as accurate as larger language models which will improve thanks to Deepseek.
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  7. Wages only make up 2% to 3% product costs. You forgot about the millions of better paying jobs.
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  8. Rich people get tax breaks the average person can't take advantage of. The rich also own corporations that get cheap money almost directly from the Federal Reserve. I've seen savings account go from paying 5% to nothing while credit card loans go from 8% up to 32%. Less wealthy people need to take out student loans that can't be discharged in bankruptcy. It's a lot easier to invest money when you have excess money to invest. I grew up poor and retired at 58 without financial worries. I know both sides. Don't tell me the system isn't rigged.
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  9. Both parties love spending more money. Republicans only hate spending if they’re not spending it. Don’t believe baloney about Reagan, he was No Conservative and a huge spender. He just hated unions and cut taxes for wealthy.
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  10. Real inflation is 40% higher than official inflation.
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  11. Housing and stocks.
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  12. Federal Reserve was created by Congress and can be eliminated by Congress, they always do what they are told.
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  13. Most of the money the Federal Reserve is creating is to support corporations to keep the rich from hurting. In a few months, the Federal Reserve created over 4 trillion dollars. That averages out to $20,000 for every adult. The average adult got less than $1000 since many did not get $1200. The other $19,000 went to support irresponsible corporations, their CEOs and executive bonuses. That's called the trickle down theory. The rich get the money and it trickles down to everyone else.
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  14.  @devinreadsbooks  That was not true. Great Depression was caused by an overly restrictive monetary policy by Federal Reserve.
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  15.  @xiholliday  Importing costs money and wages only make up only 2% to 3% of product costs. Long term real difference will be about 1% to 2%.
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  16. TakeU2Cleaners
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  17. Actual cash is a tiny amount. Printing refers to electronic digits of dollars. 99% of dollars is electronic.
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  18. No, it’s not the Fed Chairman alone, it’s a majority of Fed Board. Also, they do whatever the President wants because they are appointed by the President and the Fed is not allowed under the Constitution. Only Congress is allowed to coin money, which means Fed needs to be a Federal agency to be legal. Fed governors being appointed was a sidestep its illegality. One of the bad decisions of the Supreme Court.
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  19. Federal Reserve exists by an Act of Congress. If Fed doesn’t play ball, Fed will be ended and put under the Treasury Department.
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  20. More likely big Hedge Funds and investors who borrowed Yen at zero percent had to cover their losses after Yen jumped because Japanese Central increased interest rates. They had to sell dollar valued investments to cover their wrong currency bets. This cause Yen to jump more, more dollar investment sales to cover Yen loans. All over now, things are stabilizing.
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  21. Trump, Trump, thank Trump if you're a landlord going bankrupt.
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  22. Workers in U.S. will benefit immensely.
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  23. Wait until stocks bottom out first.
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  24. Money spent on Israel and Ukraine is necessary to protect Western world. In reality, money is spent on weapons production in U.S. and weapons are exported. Money never leaves U.S.
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  25. Printing dollars actually refers to digital creation of dollars, not actual physical currency.
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  26. Federal Reserve kept interest rates too low for too long before pandemic, Fed lies about inflation which runs 80% higher than official figures, drove up stock prices by buying corporate bonds which corporations used to buy their own stock, Fed chose to create $5 trillion… yes Fed is at fault, as well as Congress for trillion dollar deficit spending.
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  27. Local governments and state agencies need to help.
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  28. That’s a good laugh
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  29. Congressional deficit spending combined with Fed keeping interest rates too low and creating $5 trillion dollars.
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  30. Bubble needs to be popped.
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  31. Maybe Fed should have reduced interest rates during last meeting. Fed always wait until things are too late. Inflation has stopped, home prices are dropping in many areas and jobs have been bad for a long time.
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  32. Wrong lesson from history. The Great Depression was caused by the federal government cutting back spending and federal reserve tightening money supply.
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  33. That makes no sense. Dropping tariffs never benefited workers in U.S.
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  34. Biden got elected because Trump screwed up the economy, neither candidate is any good.
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  35. There’s so much advancement going on with AI, so many changes, so much potential and so much more need for faster processing. Demand for more processing is endless right now.
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  36. Corporations need to produce and add to the economy in order to make sales, dollars are simply a medium of exchange. These are two completely different things.
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  37. No, not if you work a good paying job, have a good business and invest.
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  38. Both.
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  39. Everyone needs to learn to use ChatGPT, Grok or other AI apps to use with their work if they are able to.
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  40. Consumers will also get a lot more better paying jobs.
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  41. My neighbor also years looking for a job.
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  42. FDIC needs to raise its official insurance up to $5 million because it would cover up to medium sized businesses. A million dollars ain’t what it used to be.
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  43. Not true, interest rates will stay close to inflation to prevent hyperinflation.
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  44. Not crybabies, they are in a bad situation and don’t know what to do.
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  45. Fed will print the money.
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  46. Aren’t we just coming out of massive Federal Reserve money printing?
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  47. Negative thinking doesn’t help anyone. There’s always been corruption. Neither party ever cut Federal spending.
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  48. A balanced budget Amendment would solve most inflation problems.
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  49. First the government saves the money of the wealthy, then they socialize the cost by dumping the costs through Federal Reserve inflation on everyone and devalue the dollar. Inflation, inflation, inflation…
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  50. There’s a shortage of homes, so prices are not too high. Living in a house you like in a nice neighborhood is a wonderful thing, not a prison.
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