Comments by "Rune of Svalbard" (@vladimirofsvalbard9477) on "Jack Morgan RLP" channel.

  1. Debt to GDP inequalities. When debt (demand) outperforms productivity; then prices rise and wages stagnate. This has been happening 40 years. Also, you have massive asset bubbles like Social Security, Pensions, and student loans. All of which put upwards pressure on prices.
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  2. Nope, not by design, just be natural default. People value nothing because they appreciate nothing. Not having kids is just mother natures way of resetting the whole system.
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  3. Ok, then why are you torturing yourself by going into debt exactly? I assure you, I was once $167,000 in debt (student loans). It's far worse than having children; I promise you
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  4. @jp1135 It's probably the intellectual shame cycle. Parents shame their kids into performing beyond possible expectations. So the children focus their entire lives on pleasing mom and dad with credentials and accomplishments, but the parents will never give them credit. Seen it happen over and over again. People go into massive debt trying to tame their insecurities about status by getting degree after degree while still making poverty wages.
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  5. ☝☝ wow wow wow wow wow wow wowo
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  6. $60/hr as an analyst? I'll believe it when I see it. Most analysts only make between $20/$35 an hour. That dude is selling you bs.
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  7.  @ImGairBair  Yep! I can confirm that learning how to raise a child (especially as a stay at home dad) will mature your very fast. You can never reach full maturity without taking on the monumental responsibility of having kids; there's just nothing that compares. This is why it's truly impossible for single people to be be close friends with people (married with kids). Being a dad 'hanging around other single men' is like babysitting middle-schoolers. No offense to anyone here.
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  8. January 2020 - September 2024 56% inflation, 10% increase in median wages, and a 17.1% COLA adjustment for Social Security. The Government loves you so much :)
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  9. Preach! The system we have is a 'gate-keeper insurance/pharma scam'. Universal healthcare would be 10 times worse. What other countries have is called 'no gate-keeping' and a free market lol. It's that simple!
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  10. CDL still pays quite a bit. I ran in Columbus, OH from Anheuser; my old job pays $85k starting these days.
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  11. Honestly, they should just impose a 25% sales-tax on a state level and then again on a Federal Level. Yes, 50% tax on all items! Don't ever bother me again with Income tax, Social Security, Medicare, or Property tax ever again. Plus, it will also push inflation down on a lot of food and products. Win-win I suppose?
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  12. Yeah, RV living used to be nice; until the bull market from 2013-2019. It's insanely expensive now. Personally, this is why me and my wife contemplate getting property outside the US.
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  13. For anyone that is confused by Elon's post. He's probably referring the the recent news that the FED now has a 100% chance of cutting interest rates in September. If the FED's cut rates; it will induce a recession, period. This will drive the stock market down and unemployment up due to the refinancing phase in the banking industry. This has happened without exception for the last 50+ years in these situations. After this takes place, the FED and US Government will have two options. Bail-out the markets 'again' like they did in 2020 (OR) let the entire system default, which in all honesty isn't an option. Get ready for inflation round 2; 2025 and part of 2026 will seem like things are returning to normal, but 2027/2028 will probably feel like you got run over by a freight train.
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  14. You're probably making a wise decision. Same here, my family went a bit downhill after 08 when my Gma passed. Things were held in suspension until 2020 and everybody lost their minds. We lost 3 grandparents and people adopted nihilism, political radicalism, or iPhone worship. This societal decay has happened before though. Ultimately, many people will either be too addicted to technology to have kids OR they will produce anti-social kids that aid in destroying society. In the end, it's all about complacency; it's how the Roman Empire fell.
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  15. There is a finish line, despite the nasty inflation we have. People would rather indulge in addictions and debt; same as they always have. For people that aren't suffering from crushing student loan debt or medical debt. I would truly ask what's holding them back?
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  16.  @KaffeeSpot  Inventory compared to 12 months ago is up, yes. But overall it is historically still low. Also, demand curves play an important role. July 2022 had the highest inventory since January of 2009. Yet the demand was soaring. The demographics in demand have largely changed. It may feel like nobody is buying, but it's because millennials aren't buying; boomers are. All of our offers (minus 1) were 60+ in age.
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  17. Well, the idea is that future children take up the baton. But when nobody is having children; there's nobody to take up the baton lol It's gotten to the point where 30 people are dependent on ONE mother/father with a single child to carry all the traditions of the family. It's creating parasitic parents and older cousins/siblings imo.
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  18. The guy talking about the 'equal opportunity act' has no idea what he's talking about. He is the very definition of a low IQ narcissist. He is intentionally using a vague perception of an existing US statute to determine that people are immoral. DEI or affirmative action have never been about equal opportunity. It has always been about extending a hiring initiative to lesser qualified people so that there are less white/asian males in certain industries. These same initiatives have never been used to correct imbalances in industries dominated by women or other minorities; nor should they.
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  19. We make six figures; can CONFIRM without a doubt that we pay upwards of $50-60k in taxes each year; everything combined!
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  20. You punished the most by (owning a home and working a W-2) You get punished the least by (renting and gambling). Intentional? I think not!
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  21. Social Security, Medicare, Interest, and the debt/GDP gap w/demographics is what's driving the problem. Anybody that tells you military and discretionary are driving the debt don't know what they are talking about. This is what Reaganomics ultimately gets you. Financing cheap debts and taxes doesn't create a GDP that outpaces debt; it creates a scam market with a bunch of bubbles. Unfortunately, at this point the US cannot afford to go with high interest (long term). The budget will force more spending to finance the IOUs and we will go into hyperinflation within the next 10-15 years.
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  22. The problem with social media these days is that it's a cesspool of anarchic information. Most people can't decipher what is right, wrong, up, or down. This is why economics and finance are so important. The cross-over for being able to detect lies on the internet is truly rewarding. It frustrates me how a lot of these influencers try to manipulate viewers with a false narrative when they are ignorant on the subject. It's all in the wording and expected outcome. We live in a time of rapidly growing cults. If an influencer is selling you (black and white) (good and evil) (end of the world) narratives. Then they're probably full of garbage. Don't join a cult please!
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  23.  @JohnDoe-ml8ru  Well, he's probably using the CPI-U factor, which omits energy and shelter. So if you took that and then used a gold-price index; I think the average would give you a better representation of real-inflation.
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  24.  @A.D.I.I.D.A  Calorie counting was largely debunked in the 2010s. Yet many people still buy into it for some reason. It's all about metabolic sufficiency. Your body cannot process everything in terms of calories. There are many food items such as safflower and sunflower oil that are not able to be properly metabolized. So it wouldn't matter what the calories were; you're fat cells will store them. This is why people end up losing weight when they go over-seas to places like Italy and Thailand. Plus end up eating more and losing more weight. Real food and real nourishment.
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  25. All due to currency devaluation to prop up assets bubbles like pensions, medicare, and social security. It's really as simple as that. This is a Keynesian economy; permanent growth and permanent inflation. Except it's virtually impossible. In order to maintain to economy with stagnating growth; more currency must be printed.
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  26. I'm sure she was a lovely woman! She wouldn't want you dying inside any further. Go out an live your dreams and carry her with you :)
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  27. I figured this out at 18, which is why I went to Community. Thought if I had to do it over. I would skip college all together. It was amazing to be 18 (claiming that I didn't think $80k was worth a $45k salary). Oh boy, the crap I got from braindead adults was absolutely insane.
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  28. I've been to almost every single state in the US and I've been overseas multiple times. I'd say that the US is more like a 2nd world country if anything. The only thing holding it back from 3rd world is the fact that the USD is the Reserve Currency. Look at our metros, downtown areas, public transit, and shelters. Especially in the Midwest! A majority of US cities are comparable to unstable Latin American countries. Btw, this isn't downward spiral started to hit western Europe over a decade ago. Many metros in France and the UK are quite comparable too. I'm born and raised in Ohio and the only city I will even humor is Cincinnati as far as standards. If you want to see a real standard for first world countries. Look at places like Oslo, Brussels, or Seoul.
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  29. Same in 2020. Things are looking crazy these days.
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  30. You could always get your CDL. I worked in Columbus hauling for Anheuser. I was making $70k in 2019; job now pays $80-85k..
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  31. I moved out in 2017 to an apartment complex in the Columbus, Ohio suburbs. Really nice place with cathedral ceilings and the area was very safe and newly built. 1 Bedroom cost me $858. Loan papers said they could max 4% raises each year, but I never saw a single one before I moved out in 2020. Thankfully, I got a house when rates were super low and got married. Luckiest two decisions I ever made in my life. Happy life with a mortgage of $885. That same apartment unit is now $1442 as of 2024 and the waiting list is 12+ months.
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  32. Well, this is true, but it's just a side affect. The real reason is economic complacency. People are allowed to indulge in these stupidities because they had generations behinds them that created a magical economic domain that allowed them to have whatever they wanted. It will self correct when those women die alone with no children. The only people having children will be manifesting family values.
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  33. @angelgjr1999 Russian is highly sought after like Farsi and Mandarin are; considering numerous fields. Perhaps not domestically like local law enforcement or manufacturing. Try not to make short assumptions. Personally, I've run into many Russian and other Balkan/Slav natives since I was a kid. I began learning the language at 12; it just didn't seem financially feasible considering the ambitions that I had at the time.
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  34. Well, unlike US dollars; crypto is being leveraged as an investment. People trade in currency markets all the time, but it's never for a 5000% gain lol Crypto has the same fundamental problem that gold does. Once you run out of gold to export; your next strategy is ambition for resources via imperialism. Keynesian economics with a fiat currency helped eliminate that, only now the problem is that jobs get exported instead of precious metals.
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  35.  @teams3345  You pay taxes no matter where you live, as long as you are an American citizen. The deduction is $106k. Go live in Australia making $150k; you'll pay taxes on $44,000 to the US Government.
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  36.  @teams3345  Because you don't pay income tax or FICA, unless you have a side job that pushes you over the tax free SS threshold. Which reduces it by probably 25-30%.
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  37. Yeah, some advice to people when dating; don't ever date a woman on birth-control. I know that sounds mean, but these companies do not inform you (nor Doctors) about all the risks (physical and psychological) that go along with their use. Increased risk for permanent hormonal imbalances, mood swings, bipolar disorder, high blood pressure, reduced fertility and of course breast cancer. The FDA lists them as Class A carcinogens; another thing they won't tell you. One psychological side effect is a massive surge in testosterone that makes them more aggressive, more disagreeable, not responsive to the stimuli children produce, and on top of that much more apathetic. Which seems to coincide with many of the mental health surveys that are publicly released. This is why we have a super-minority of women aged 18-30 that are having problems with child rearing and socialization; it's not just a choice people are making. It's a change in factors relating to public health.
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  38.  @Connery007neckache  I agree that most of school is pointless, but standardized testing has been taking a nose dive. Throw reading and writing on top of that. No child left behind means that classrooms with smarter kids have to accommodate slower kids and trouble-makers. It's the classic equity argument. If you try to push all the failing children thru; kids don't get smarter. The entire class gets dumber and the teachers lose their quality as well.
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  39. Trump dynasty will end in 2024; mark my words. Republicans don't have the votes to re-elect him. We have the greatest chance in human history for an Independent candidate. Question is, will people take advantage of that?
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  40.  @WongWho  Nope! lol
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  41. Florida isn't done; it is STILL (as of December 2024) one of the hottest locations for more people looking to enter the state as residents than leave. Yes, there has been a slowdown, but Florida is nowhere near in the same situation as NY, CA, or even Illinois.
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  42. Completely done! I don't really buy anything anymore tbh Grab a sack of potatoes, couple bananas, and a rotisserie chicken from Kroger and I'm all good!
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  43. Thank you! I've been saying this for years; as I used to do DoorDash, UberEats, and GrubHub. These people are intentionally pumping their (hourly wages) so they can virtue signal to themselves so they don't feel as bad. It also misleads people that have never done the job. My overhead was roughly 0.25 cents a mile on average.
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  44.  @benstandard  Because younger people tend to be ignorant of the cogs that shape environment typically.
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  45.  @benedwards3427  That's a myth bud; caloric value doesn't mean you are metabolizing it. It's like putting canola oil in your gas tank. It'll work, but at 10% efficiency than 87' Octane.
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  46. He is definitely risen! Right thru my shorts.
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  47.  @stinkbug1  Every dealership near me at least in Columbus, OH. I'm from the Midwest and the signs are still everywhere, including the commercials. Our local Nissan, Kia, and Ford all have 0% APY deals. Because nothing in inventory is selling; so they are trying to reduce inventory still. Dealerships often do 0% APY and run it thru their own payment app on their website. That's how I did my KIA years ago.
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  48.  @crackasaurus_rox9740  Society will always go the way it wants; best thing you can do is stay out of it's way.
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  49. I have no empathy for the lady with 6 cans of Pringles, Fritos, Marie Calendar, and TV Dinners. I'm a 30 year old man; learn how to cook sweetie. A sack of potatoes and chicken breast go a long way!
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  50. The economy is going to tank regardless because the FED is cutting rates. Money will go out of stocks and back into physical assets.
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