Comments by "Rune of Svalbard" (@vladimirofsvalbard9477) on "Michael Bordenaro" channel.

  1. Well, based on the road name alone; Miami, FL - Atlantic Heights
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  2. Well prices come down periodically and elastic prices tend to rebound quite routinely. However, once a recession hits and prices lower; those prices go back up to their previous highs within 18 months. After that, they keep going up.
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  3. Property tax = nationalized property Where the hell is SCOTUS on this issue?
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  4.  @DIVISIONINCISION  I do live below my means. Why you would make such a comment is unnecessary and arrogant. I don't understand the passive aggressiveness at the end. Btw, your wages do not keep up with inflation; even with you working from tax dollars. You are going to (on average) get paid below market value and CPI inflation will never be assigned to your wage increases. I would ask anyone to show me a job (private or public) that assigned a wage increase that reflected a (YoY inflation rate). Ask people in medical professions if their wages are growing linear with inflation. There is a fundamental reason why your wages cannot grow with such large inflation. It all comes back to the Keynesian model. As long as GDP/productivity are not growing with debt obligation; it's nearly impossible.
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  5.  @SomeUserNameBlahBlah  Yes, but the tariffs will probably make it worse. Not like we had a choice. It's either death by inflation or death by deflation. There's no way out.
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  6. Well, that's what happens when you give out low-rate debts and don't export anything anymore. Keynesian economics 101! If productivity and GDP don't keep up with debt obligations; prices rise and wages stagnate. This actually creates an even worse incentive for 'gambling and speculation'. Which further drives up demand and reduces supply.
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  7.  @jackwilson3121  I live in Ohio; my home insurance was $1213; up from $550 in 2021.
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  8. So, if these landlords aren't attracting renters or vacationers to stay at their properties. How are they continuing to pay the mortgage on those condos?
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  9. Sometimes getting fired is a blessing. Many people stay bonded to unhealthy jobs just like they stay glued to unhealthy screens. When the job dies or fires you. Many times it motivates you to downsize, get a better job, or change your life in a manner that is more conducive for happiness.
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  10. Try 18% You wouldn't believe how many people are now on SNAP and income assistance. I come from a blue collar town and it's turned into a welfare town.
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  11.  @Koi_to_Dragon  Yeah, if you cross-examine all forms of unemployment data, especially U-6. It's roughly 15-18%. If you don't consider 'running DoorDash' twice a week for income as (employed). Then it's probably more like 25%. The data doesn't even take government benefits into account.
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  12. Pretty easy to look-up, even on Zillow records.
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  13. More proof that civilizations of scale are a perversions of natural law AND only sustainable thru con-artistry and government wealth transfers. The bigger it gets; the bigger the inequalities get. If you have 10 laborers in a vacuum; 3 of them do HALF the work. If you have 1,000,000 laborers in a vacuum; 1000 of them do HALF the work. The problem is pretty self-evident as you get bigger. The middle class must be squeezed harder and harder to sustain the necessities of the bottom and the greed of the top.
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  14. It's because Boomer assets tripled since 2020, so they have money to complain that nobody is working to slave away to their needs.
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  15.  @sir-beventon  That's an oxymoron, you can't increase wages and make things cheaper at the same time. Reducing prices naturally raises the value of your current wage. I think what you mean is (increase GDP) and reduce prices; supply and demand fundamentals. The reason prices are so high is because programs like SS, Medicare, and Pensions are forming an economic bubble where old investments are being propped up by excessive printing in order for retirements to function. If they didn't, then elderly people would be made poor long ago by their initial investments. Interest rates are everything. If you allow people to take cheapo-loans; then demand will run amuck (like it did 2020-2022) and prices will rise. Anytime there is a surge in demand with a finite amount of production; prices rise. Same thing in the housing market. People can blame Blackrock all they want, but it was people that went out and bought up houses and condos in order to speculate them on sites like AirBNB.
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  16.  @blackworldtraveler3711  I don't think people assume that. I think many are simply acknowledging that employer behavior is the worst we've seen in our lifetimes. I've never seen this level of corruption, fraud, and lack of professionalism. Even employers in healthcare are 'ghosting' applicants in an interview process. It's the dirtiest thing I've ever seen. On top of that, they are stealing your data and defrauding their unemployment insurance dues with the 'ghost' positions they're posting.
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  17. A recession is 2 quarters of negative growth. This means that 2022 Q3 was the only recession since 2008. We are not in a recession, because it doesn't fit the original definition.
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  18.  @JK-ks3xq  Yes and then we had positive GDP. So there was a recession in Q3 of 2022, but not since then.
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  19. Well, 2008 was induced by greedy bankers. The current real-estate fiasco is being induced by a pathetically incompetent administration. It was the Biden Admin that pressured Fannie Mae to drop their standards.
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  20. It's unemployment insurance fraud. They create ghost jobs so they can pump up their (employment to job vacancy ratio) that they provide to each state. This allows them to tout 'big job numbers' and get a tax-deduction towards the state unemployment fund. HR are given directions to perform 'interview' quotas so that the state can't prosecute them for fraud. On top of that, the economy sucks.
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  21.  @PresidentCamacho2024  Not exactly, the US tax revenue never entered a deficit in those years. The last deficit in revenue was in 2010. I don't like when people perpetuate this myth because it's mathematically false. Of all the things I dislike about Trump; this isn't one of them. While I'm in disagreement of lowering corporate taxes to 21%. I did like that progressive income taxes were lowered. Most people in the middle class had a $2-3k reduction on their annual taxes. Taxes on capital gains didn't really change. So billionaires didn't really get any benefit; it was largely fortune 500 companies.
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  22. The moment property taxes became legal, property was no longer private; it was nationalized. It's been my conclusion that we've been living in a socialist country for decades now.
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  23. They're all destroying it bud. Gatekeeping and cronyism is the name of the game.
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  24. @stevemorlock5366 To be honest, there's nothing you CAN do about it. In order to stop to debt crisis; Medicare/SS have to be reformed. They will NEVER do it! Boomers would rather run it dry and leave their children with nothing than take a benefits cut or tax hike. If people aren't willing to sacrifice something; they'll lose it all entirely.
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  25. Prices are so ridiculous that people are switching from Walmart to Aldi lol
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  26.  @bobcortez9471  Well, that's the old theory and I would have agreed with you ten years ago perhaps. The problem is that these companies will continue to diminish wages and benefits because if the company fails; they can cash in their 'options' and claim bankruptcy. They have ZERO incentive to do the right thing. Take DoorDash for example. They offered 3.50 basepay back in the day; then it slowly depreciated to $1.50/$2.00. The company made bigger profits and their entire company runs on Dashers that have less than 3 months experience. Almost nobody sticks around long term because it's unsustainable as a means of work.
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  27.  @bobcortez9471  If minimum wage is abolished, then debt has to be restricted. Low interest debts for individuals and companies allows for very high price speculation and price fluctuation due to a higher demand of buyers. This is how you get rising prices and stagnating wages. Many of these companies will use these methods to raise prices on their products, but cheat employees out of compensation for inflation or cost of living. It's all a dirty game with big business.
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  28. It's unemployment insurance fraud. They create ghost jobs so they can pump up their (employment to job vacancy ratio) that they provide to each state. This allows them to tout 'big job numbers' and get a tax-deduction towards the state unemployment fund. HR are given directions to perform 'interview' quotas so that the state can't prosecute them for fraud. On top of that, the economy sucks.
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  29. Strange economy if you ask me. There aren't many jobs available due to demand destruction, higher interest rates, lay-offs etc. FedEx Ground and Amazon have removed most of their package-handler positions across the US. They reposted the same position in Grove City, OH since 2011 and have always needed people. No that position no long exists. At the same time, go try and offer work at $20, $25, or even $30/hr. No takers. I've been trying to get 4 tons of rock and asphalt out of my rear driveway for the last year now; no takers. I'd do it myself, but the rental prices for a local dump were stupid high.
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  30. XD lol
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  31.  @SerErryk  Yep, if you voted for Trump or Biden; then you participated. Just being honest here... People need to take their primaries more seriously. The current environment in the US is why many countries have compulsory voting laws.
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  32. Yep! Same here! I lost a number of family during Covid. Others turned to drugs/alcoholism and marriages got recked. The next nail in the coffin is people losing their jobs. It's like 2008, except it's worse, and it's in slow motion.
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  33. Not exactly! The FED is pre-cutting rates in anticipation of unemployment jumping upwards. They are trying to avoid a recession entirely by introducing more inflation. It's the dumbest thing I've ever seen. Anybody that knows anything about economics will tell you 'you CAN'T spend your way out of a debt crisis'. These politicians and bankers don't care. They only care about protecting their inflated assets while they're still alive. Leaving younger generations high and dry.
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  34.  @phaedrus2633  Maybe they thought that property rights would be construed by (future Marxists) that the government should guarantee properties via nationalization. Who knows. I'm still not sure how this is a capitalist country with private property if you have to pay annual taxes; less it be taken away.
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  35. Well, you have to consider the side effects all around. Look at what happened in Texas, Florida, and Kansas. They abolished state income tax right before Covid. So when inflation hit; it hit REALLY hard because those deficits fell onto the budget and they had to be adjusted thru property taxes. While the Midwest saw their property taxes double, many places in Texas and the others saw triple and quadruple. That's why it's become almost impossible to live as a resident in Florida, Texas, or Kansas. The taxes on residents are insane. Why aren't they floating the idea of a sales tax so that the burden falls on over-consumption and tourism?
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  36.  @lisagardner903  I'm no fan of Biden, but how do you rationalize that Biden did this? The shutdowns, PPP loans, and printing $8 Trillion did this. Trump appointed Powell and he set rates to 0.25% Biden's largest fault was that he exacerbated inflation with student loan forgiveness promises. Trump was a major part of this problem. Not to mention his continuation of Obama's sanctions in South America and Asia that he tripled down on.
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  37. It won't change anything; a whopping 2% of single-family homes are owned by corporations.
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  38. Blame the corporations; they're the ones giving the FED bad data. It's unemployment insurance fraud. They create ghost jobs so they can pump up their (employment to job vacancy) that they provide to each state. This allows them to tout 'big job numbers' and get a tax-deduction towards the state unemployment fund. HR are given directions to perform 'interview' quotas so that the state can't prosecute them for fraud. On top of that, the economy sucks.
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  39. I remember when $15/hr was good money. I moved out on that pay in 2017.
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  40. It's unemployment insurance fraud. They create ghost jobs so they can pump up their (employment to job vacancy ratio) that they provide to each state. This allows them to tout 'big job numbers' and get a tax-deduction towards the state unemployment fund. HR are given directions to perform 'interview' quotas so that the state can't prosecute them for fraud. On top of that, the economy sucks.
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  41. The downturn came in November of 2022. If you're working a W-2 or even in trades; you've most likely felt it. For those of you in healthcare or a niche market that are still successful; I commend you! Here's the thing, everybody is wonder (when does the recession or depression come?) When do the prices start to crash? Remember, crashes don't happen until the re-financing phase of interest rate cuts. When that happens, new loan contracts reshape consumer and employer spending habits to pay the banks. That's why crashes always happen 3-6 months after the FED's cut rates during an economic downturn.
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  42. Michael and Brian at ClearValue are my favorites!
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  43.  @crabbyhayes1076  Two consecutive quarter of 'negative' GDP growth. By that definition, Q2/Q3 of 2022 were a recession and we haven't been in one since. Keyword, 'negative GDP'. (1%, 2%, 3%, 2%, 1%, 0.5%) - not a recession (1%, 2%, -3%, -2%, 1%, 0.5%) - recession
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  44.  @Mitzi73  Mass incompetence thru a bunch of competing bureaucracies. It's not planned; government sucks at everything.
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  45.  @deltadawn1581  Well, interest paying on public debt alone are a death sentence. Even IF we don't have a failed bond auction. This has become a speculative market, which is why anybody producing actually products is largely losing out. This will ultimately be a gamblers market for then next decade OR however long the currency continues to last under the FED.
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  46.  @ADadSupreme  Yes, the US is physically and agriculturally safe; for the most part. However, if the USD implodes; it's game over for all government currencies. When Rome fell, the entire world tribalized. Which led to the dark ages and a large number of lost wisdom and technologies. Considering that the digital technology is impermeable. This may be a good thing for the global economy; at least in the long run. A destabilization of the USD would crush the existing corporate hierarchy that is controlling the west We are designed to live as a tribal species one way or another. The ONLY way civilizations of size can be maintained; is on the backs of slavery. Whether that is chains, votes, foreign cheap labor is entirely dependent on the geo-politics. Think about it using pareto distributions or prices law. If you have 10 employees; 3 of them do half the work. This is manageable and the designation of labor is much more flexible. But, if you have 1,000,000 employees; 1000 of them do half the work. Which means the productivity deficit has to be supplemented by the more competent workers AND most importantly a larger entity (the US Government) that supplements other needs of the company and workers; basically individual and corporate welfare. Corporations cannot exist without big-government.
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  47.  @ADadSupreme  A housing crash is different from a failed bond auction. If the FED starts buying them to prevent a failure; we go into hyperinflation. Interest is already 13% of the US budget. This is why they are importing millions of migrants. It's the only thing on a 'technical' scale that could stimulate enough GDP to prevent it.
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  48. Yep, new world; Americans don't create anything. Prices have to come down in order for that to happen.
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  49. We haven't been in a recession since Q3 of 2022.
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  50. It's unemployment insurance fraud. They create ghost jobs so they can pump up their (employment to job vacancy ratio) that they provide to each state. This allows them to tout 'big job numbers' and get a tax-deduction towards the state unemployment fund. HR are given directions to perform 'interview' quotas so that the state can't prosecute them for fraud. On top of that, the economy sucks.
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