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

  1.  @pololikikuju  I wouldn't indulge in baseless conspiracies bud; it'll make you irrational and complacent. A disproportion of Ashkenazi Jews and East Asians lead the world in banking, engineering, and finance. Acknowledging a disparity doesn't mean its's a conspiracy; it's just human evolution at play with normal pareto distributions. If you break everything down to numbers and mathematics; the world makes a lot more sense.
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  2. Not going to happen as long as debt outperforms GDP. Wages stagnate and prices grows; econ 101 (supply and demand).
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  3. Biden's not even in charge. It's the Alphabet Agencies and the Chiefs of Staff running America with the corporations and billionaires hands up their asses.
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  4. We sold our home, took $121,000 in profit and used it to pay off $100k of student debt and our $8000 car note. Now the money just flows into our account and doesn't leave.
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  5. I don't think the stigma will ever go away; not in the US at least. I'm sure there are people that maintain healthy relationships with their parents, make mad money, and have true friends; maybe even a girlfriend or fiancé. I don't have anything against that. The odds of this being the case for a majority of the people in this situation is slim though. Most of the time, living at home in the US past 30 would be indicative of a major financial mistake. Useless degrees or excessive infantilization are the average reasons.
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  6. You're wasting your time; white collar is a dog and pony show. I grabbed a CDL for $5k in 2019 and it guaranteed me a $70k job. It may be a bit higher now, but it's still worth it. That same job pays $85k now.
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  7. I think it depends! For God's sakes don't waste 30-40 years of your life slowly dying in some corporate job. Spend specific periods of your life acquiring assets, skills, and a future. For instance, I busted my balls at FedEx as a Shunter Op for four years. That allowed my to move out (rent) and save up $30,000 in a nice area. I then got my CDL and busted my balls for over a year and this allowed me to buy a home with a juicy down payment. The only true reason your need to work for 30 years is because you're financing crap that you don't need.
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  8. While I empathize with the business. I think you're leaving out the ultra-low rates of 2020-2021. People scooped up mortgages on properties for 1.5-1.75% in April of 2020 if you were looking to buy. That can allow you to have massive profit margins when the cost of your mortgage is low and you can charge a competitive rate compared to other rentals. A lot of Boomers in 2020 turned a $500k retirement nest-egg into millions inside 3 years doing this.
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  9. Rising inequalities; happens with every civilization. Once they reach a certain level; sexual perversions grows rampant, income inequality rises drastically, social behavior is erratic, and laws aren't enforced. Take your pick; Roman Empire, Fall of the Qing Dynasty, Collapse of the Soviet Union, etc. Once inequalities run out of control; the table gets flipped and society collapses. We're currently in this phase and have been since 2008 in my opinion.
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  10. If people stopped for a minute and made a list of where all their food and commodities come from. I think you'd be surprised that the USA creates; pretty much nothing.
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  11. It's a Keynesian system based on continuous debt. In order for boomers to maintain the values of their assets; the dollar must be devalued to pay for old debts that can't be paid back by normal means. SO by default, your devaluing currency ensures that boomers can continue funding a series of old debts that they cannot pay off. That's how it works. Boomers were in their prime working years when 87' 00' 08' and then 2020 hit. SO they were able to buy fortune 500 companies for peanuts on four separate occasions at the bare minimum. Gen X on average had just gotten into the workforce when 87' hit. So they had almost no liquidity to invest. They built it back up from scratch only to see it damaged in 2000 and then wiped away again in 2008. Twelve years later, they had 2020 and a lot of that investment went into maintaining their lifestyles; not investment. Boomers will truly never understand how big of a free-ride they got while the economy still functioned as intended. Btw, the blond chick is clueless. 2% inflation has been happening forever; not 60% inflation. By comparison, inflation wasn't even that bad in 1978.
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  12. Yeah, I'm afraid it's not that simple. Demographics and government budgets are driving this.
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  13. None of this would be happening if (first - patents were open source) and (two - government would stop subsidizing industries). This has forced millions of people into fields or educations that are not marketable and allow a handful of companies to exploit tech patents that are intentionally maimed in order to stifle competition and keep consumers paying high prices. Why do people think these gaming companies are trying to release half completed games with rendering that is worse than 2017? Get rid of both and you'll see an explosion in wages and innovation.
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  14. Well, as funny as it sounds. A lot of Gen Z calculate their annual income by their best daily income. So if they make $1000 on a lucky crypto trade; they tell people they make $365,000 per year.
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  15. Yep, literally overheard a grandfather telling his granddaughter to take her boyfriends gun collection and sell them for personal cash after he was arrested and put in jail. My first thought was, does grandad realize he's asking her to commit a crime herself?
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  16. Well, yes and no; you're confusing certain US statutes. There is no circuit of supreme court case that has a pretense for (lies) in relation to the first amendment. What you are talking about is largely (conspiracy) to commit bodily harm; yelling 'fire' in a crowded theater. The first amendment does not extend protections to people for libel, slander, defamation, etc; as you stated. However, this is because states and municipalities can create their own laws regarding these issues. Keep in mind, this is solely on the basis of causing harm in lieu of credentialing. You can advertise any belief you want; so long as you protect yourself legally. Another thing to keep in mind is that (in foreign countries); the stronger the laws against dissenting speech are; the harder it is to sue the governing institutions. More damage will always result from government immunity than it will from an anarchy of public opinions. In the US, you have the right to say whatever you want, whenever you want, so long as it is not a conspiracy to commit bodily harm or uses a false credential to relay information deemed to be harmful to the public. Hence the reason for claiming 'not medical advice'.
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  17. @ bensheard3969 Yep, I'm from central Ohio and my 2024 property tax was $2617 and insurance $1213. That's on a house worth $276k Probably worse in other states or regions, but still; it's no picnic.
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  18. Nice! Just had chicken breast, boiled potatoes with olive oil, and a coffee.
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  19. Honestly, I think people want that, or rather they just want to keep kicking the can. I mean older people know that social security is toast. Doesn't stop them from screaming to keep it running on fumes though. People would rather drive off a cliff than willfully degrade their standard of living to make their dollar more valuable.
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  20. This might come off as mildly subjective, but I realized that college was a scam in the early 2000s. It's at that point at the beginning of my teenage years that I realized virtually all adults were morons.
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  21. That's why I stabbed my smartphone to death and ordered a Nokia. It's much easier to manage your time from a laptop lol It cut down my internet time by like -90% without the smartphone and I only get on it between 6-7p
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  22.  @ajy45678  Depends on area, south FL is doing poorly with insurance problems. There are adjustments in different markets, but there hasn't been any kind of crash.
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  23.  @TheBriarWolf  We adapt and thrive; who said we were complaining? Older generations have this implicit idea that if we 'cast away' any of their wisdom; we're complaining.. The point here is to talk about what works and what doesn't. Older generations had it easier in a financial sense; that's no complaining. It's just an acknowledgement that they thrived in a time that gave them immense leverage. But they'll never admit it.
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  24. @josephrhodes7083 Thanks! The first 2-3 months are the hardest imo, but after that it's upward. Also, the faster the baby feels like their needs are met and can rely on mom/dad; the easier they will sleep through the night on their own.
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  25. Here's the problem. Illegal immigration is a major problem between social program funds and the value of citizenship. However, illegal immigration is so imbedded in every state economy that it's almost dangerous to remove it. Farm labor employs a significant amount of asylum seekers and undocumented immigrants alike. If you got rid of them or gave them amnesty, companies would have to pay higher wages either way. Btw, when I got my CDL; more than half of each graduating class were green-cards from overseas; most from Africa. They are truly wonderful people and I have no criticism of that. The point is that these people aren't stealing American jobs; Americans had no intention of working them in the first place.
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  26. What are people doing for jobs and money? DoorDash, UberEats, reselling Walmart clearance items, lottery tickets, and referrals to brokerage accounts; plus stock options. Everybody is gambling their money in order to make a little bit of extra money. Then when it all disappears; they pull out the credit card. I've never seen the job market look this bad; it's giving 2008 a run for it's money. However, people need to keep in mind that this is similar to what happened in 2006/2007. (Now hiring) signs were everywhere, but it was difficult to get a job. It's because companies are running on debt fumes and they want a new employee to trade out an old one for a 25% pay cut.
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  27. $11k a month? No offense, but I find that hard to believe. Gig died a violent death nationwide in 2022. People are lucky to be pulling $13/hr with food delivery or $20/hr with ride-share. Where and how are you pulling that income? I used to do food delivery and $896/week in July was the highest I ever got and that was going balls to the wall.
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  28. Yeah, I think that's truly an echo-chamber mentality. I mean, I won't deny there are some crazy Trump supporters; I've got them in my family. But then I have sane ones too in my family. So the guy really reeks of isolation.
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  29. @colinquinn7516 Not exactly, I think it has more to do with community/religion than people think it does. We have multi-general housing in the US; it's called welfare. Try that with any family and it falls apart like a house of cards. Keep in mind, American isn't just a place; it's a mindset of rebellion and rule breaking. Individualism is the rule! People tend to live in generational housing because that often have no choice or are completely under the thumb of their parents. These ideologies have long flown and the ability to make your own is 'still' an option; believe it or not. If people are trying to make it popular again. I would imagine it was solely for the advantage of using your parent's wealth to escape present and future hardships. People in general don't find this very noble. I don't condemn it exactly, but it's nothing to gloat about.
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  30. Your health is your greatest investment going forward in life, period. I unfortunately had to learn that the hard way by the time I hit 28. I was in shape, thought I was eating right, and doing everything that was recommended. Turned out I not only had a disease called Alpha-gal, but also several ulcers in my stomach and duodenum, plus ulceritive colitis. I eventually went on a strict diet and organic at that so my life had changed quite a bit. For those without any issues, I cannot stress how much you should be listening to your body. If you go to your Doctor with gut or acid reflux problems; they will try to put you on a proton-pump inhibitor or even statins. If that is the case, your body is already on the waiting list for cancer and it's usually downhill from there on for most people. DO NOT jump on pharmaceuticals and forget about your diet. Before you know it, you'll be on 6 medications and starting to have cognitive decline by 50. It is absolutely no joke; don't wait for the warning signs to occur. Cancer and heart disease are now hitting the 30-40 age demographics in the US. It is no longer a disease of the elderly.
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  31. Believe me, bathe with home-made soap (hair and body). In a matter of days; your hair and nails will begin to grow faster. Why? Because virtually all soaps, shampoos, and conditioners contain carcinogenic ingredients that damage your skin cells. There's plenty of resources to make soap at home and it's a pretty cheap up-start. I love to do (pure olive oil) bars; good for people with dry skin as well.
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  32. To be brutally honest, this isn't a fluke; it was bound to happen one way or another. This is what a debt crisis looks like. I would expect it to last until the mid-to-late 2030s tbh.
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  33. 2000 - Millennials are the most useless generation in existence and they're going to destroy civilization. 2024 - Millennials are our salvation with honor and virtue and they have to steer Zoomers (the most useless generation) towards the light!
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  34. Here's the problem! You can't talk about wages, income, or prices without addressing 'debt and GDP'. Every time a dollar is printed by the Federal Reserve, it needs an equal value of GDP to accommodate it's existence in order to maintain the equilibrium. If it doesn't, then you get higher prices and stagnating wages. If you double the money supply without doubling the production side; then all you're going to do is outpace wages with higher cost. This is why your wages went up 10% in 4 years, while prices went up 30-50%. Nearly all the money printed 2020-2023 went into consumerism; not production.
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  35. Yep! I have a home, wife, and a son, but apparently I'm a loser because I didn't get a college degree. That's how my parents treat me. My sister took on $144,000 for Interior Design and she's a dead-broke super-star living off mom and dad. They are so proud. My cousin took out $275,000 at Xavier. I saw the insanity at 18 (back in 2012). But you can't convince idiots about anything.
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  36. That's precisely what I did :) You get rewarded with wealth, but socially ousted by family unfortunately. Suburban families love nothing more than to shame you for avoiding college while celebrating their kids who will never get out from under the weight of debt. Totally perverted society.
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  37.  @edheldude  No, just let Darwinism do it's thing. If these teenage girls want to sell themselves into Onlyfans and then end up getting abused in a larger industry and trafficked; let them! Every time you try to protect people from their own stupidity; you embolden them and it gets worse. Let people start paying for their actions please.
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  38. Not government grants; that makes no sense. It's unemployment insurance fraud. Every state has a fund that you pay into as a business. When you fake vacancies; you get a tax deduction. Also, it's impossible to prove as fraud.
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  39. This is where lack of anti-trust enforcements gets you. Big business taking over and using government against you.
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  40. Don't worry, if you thought inflation was bad when it capped at 9.1% in 2022. Just wait until 2026/2027. With interest rate cuts, inflation is going to skyrocket to insane levels. People will feel like they got hit by a freight train. I guarantee you that by 2028, the median single family home value will be $600k minimum.
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  41.  @Nmozzzz226  Right? Meds in Mexico are highly deregulated in comparison. A lot of prescription meds in the US can be found on shelves in Mexico for much less price too.
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  42.  @jwill540  I love the idea of crypto, but I've never understood how BTC or crypto in general can battle the energy consumption needed to maintain it. Eventually, energy necessity should bankrupt miners and then brokers that try to mine and then mediate BTC sales.
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  43.  @Jj-zh6xp  Well, appreciation is when an asset goes up in demand. It's not necessarily exclusive from inflation, but they can often over-lap. Appreciation is often misleading because it doesn't take debt into account. If you own assets; they naturally inflate or deflate over time; depending on what it is. For example, I bought a home in 2020 at $200k. It's now worth $280k; we didn't do anything to it. The home didn't exactly appreciate, the money supply simply went wild and more people wanted houses which drove up the cost of a finite supply of homes. I guess you can use the term appreciation lol My wealth essentially increased without me doing anything. (New dollars to pay for old ones). Old debts can now be easily paid off because of newly inflated assets. It's ultimately what's wrong with Keynesian economics, but it's what we've got; so.
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  44.  @user-ph2jf4ji1j  Not exactly, inflation widens inequalities first and foremost. If you own assets; inflation is good. If you have no assets; inflation is bad.. Ultimately, inflation decreases competition and shrinks competence hierarchies. This makes it easier for the people at the top to control others and people at the middle and bottom fall behind. If you have debts; inflation is always good regardless. Deflation is bad for debts. You can't look at it strictly from an income to price ration. If you have $100k in assets and $100k in debt; you net equity is 0. If inflation goes up 50%; then your assets are $150k and debts $100k. Therefore you now have $50k in equity. You have increased in wealth because newly printed currency has reduced your old debts.
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  45.  @ripvanwinkle3432  More like, sleep with management so you get a wage increase.
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  46. It will; don't worry. And I'm not just selling hogwash. We're in a major transition period (call it the end of the American Empire 1948 to 2008). We're in the fall phase. Even the Great Depression ended after 10 years. Rough patches will always happen and new opportunities will come.
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  47. It's all legal BS. Just like East Palestine. If you accept the money, there's probably a legal doctrine that says you can't sue insurance or local/state government. It's all crooked!
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  48. They're not, I think they praise him because they claim he's better than Trump. That's the only reason.
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  49. I fully agree, as much as I want to blame 2020 on everything; for me it felt like it happened somewhere between 2012 and 2017. People just don't act like people anymore. The population is so angry and nothing seems to mean anything to people anymore. I'm 31; married with a child and it feels impossible to find people at the same life stage. It's so awkward to be asking people your own age what they're up to. You tell THEM that you're going to take your kid to see Grandma and they tell YOU that they're going to go drinking with their friends.
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  50. 2008 was pretty much the nail in the coffin. However, I think people shouldn't despair; just recognize that an era is ending and a new one is beginning. Economic upheaval and social division during the 'fall' is as old as civilization itself. 20 years from now things will be entirely different; everything will sort itself out; trust me.
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