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

  1. 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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  2.  @michellebatzel5809  How? 2014-2019 you could have found a job anywhere. 2023 was the first year since 2008-2010 that FedEx, Amazon, and UPS began removing their warehousing positions in places like Columbus, Chicago, and Pittsburg. You could get plenty of jobs until the end of 2022 rolled in.
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  3. Putin isn't going to launch a nuke bud. This entire fiasco is about NATO installing corporate control into Ukraine and Russia losing political and monetary control. Blackrock owns virtually all the construction contracts. When the war is over, you'll see condos go up all over Ukraine to rent to the Joneses'.
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  4. Hyper-inflation is inevitable at this point and it will probably begin in the 2030s imo. The US Government CANNOT allow deflation like 1929 or 2008. If they did, then Social Security, Medicare, and Pensions would collapse. Their only course of action is a continuation of high inflation. Get ready for some rate cutes and more printing $$$. Inflation round 2 will be here 2026/2027.
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  5. Yep! The FED will never allow deflation, because it would crush Social Security and other benefits. Inflation has to continue.
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  6.  @p.granger8824  Nobody thought war with Germany was a possibility in the 1930s. The US will go to war with anybody that they can leverage as their 'fall guy' for a debt crisis. That's what they do!
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  7.  @frenchfred3  It isn't great?
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  8. Yep! This is why voters are splitting into (University/Administrative) and (Labor).
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  9. Yep, Walmart's (5lb Ground Beef - $14.98 back in December). Yesterday, it was $18.98/ 5lb.
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  10. 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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  11. Economy is bad, but that doesn't mean everyone is suffering. The people complaining the most are the people that have massive student loan debt on top of a mortgage they got in 2022-2023.
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  12.  @kokomo9764  What should we derive from the numbers that others are not?
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  13. Banking needs to be SOLELY conducted by each state bank and the Treasury; plus keep tight restrictions and standards on how to be approved for that debt. I like RFK's ideo on Federalizing mortgages at a flat 3.00% rate. All of your home loans get sold to Fannie Mae regardless. However, those bankers continue to scoot regulations so they can make massive profits on risky borrowers.
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  14. Not exactly! Many of these jobs are being turn into part time, but the real problem is unemployment insurance fraud. They are creating ghost jobs and interview quotas so that they can qualify for a tax deferment in each state collecting insurance premiums for the unemployment fund.
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  15. It's not easy to find a job anywhere these days. The only jobs looking for people are (Medical, Police, Fire, and state contract construction projects. The rest of the free market is scary.
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  16. Bananas and Potatoes are cheap. 49c per pound of bananas $3.58 for a 5lb bag of potatoes People have spending problems; that's the issue.
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  17.  @WA-de3gf  Yep, we voted for Trump and he appointed Jerome Powell. The rest showed itself from 2021-2023.
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  18.  @murphthesurf3409  FED will never allow deflation to occur. If anything, it will be a slow death by high inflation; 20-50% every 2-3 years.
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  19.  @carolbagwell6769  Well, eggs are an 'elastic' item. Large volume of sales and large swings in supply and demand; this can make prices very unpredictable.
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  20. The jokes on the consumer! These companies have already secured your money thru SNAP and EBT. Walmart loves using those as both wage supplements AND profits.
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  21. The older I get the more true this is. I'm glad I learned it soon rather than later. I'm 30 and married. I watched both my parents and elders break their backs while neglecting their kids; full time for nearly 30 years raising two kids a decade apart in age. Now they are on all types of medications, they are sickly, pale, and falling apart in every way imaginable at only 56. I realized when I was about 14 that they were living a delusion. By that time, I'd already figured out that college was a scam, pensions were gone, and assets were getting farther and farther away from people's grasp. I got to see first hand how 2008 impacted my parents, but the delusions never ended. They just kept doing it like good little worker bees. The money was never spent on anything meaningful and I actually became disgusted when my parents started to try and throw money at both of us as we got older. Indulging in endless income for selfish means and giving no love or care to us. It eventually became clear that they were trying to throw money in order to buy love and compliance by 18. After that, I decided to do the opposite of whatever they advised. I ended up extremely successful and had my first child. To this day, I cannot fathom the greedy and complacency that drove Boomers and older Gen X into doing what they did. Generations that never wanted for anything and constantly kept 3 cars in the driveway for nearly 40 years.
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  22. I love going to Florida bud; that doesn't mean it's a paradise as far as cost goes. Property tax and insurance are insane. If there is going to be a recession; Florida will lead the charge. It grew too fast too soon after 2020. a significant amount of your debt generation went to Florida.
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  23. Thanks for the info btw! I've been passively looking to move south to Florida, but the costs/insurance in Fort Myers/Tampa is stupid. I'll take a peak at Ocala and other areas a bit further north. Have a wonderful day :)
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  24. People try to complicate this, but it's actually rather simple. The Federal Reserve write 'blank checks' to the Treasury and controls interest rates. In a Keynesian economy; both inflation and growth must be linear to maintain an equilibrium in purchasing power. When USD printing outperforms productivity/exports; your wage value decreases. The reason real-estate and vehicles nearly doubled in price over the last four years is all due to the demand curve. The Federal Reserve set interest rates to 0.25% in 2020. After that, everybody and their brother went out and bought a new home and a new car. When there are more buyers than sellers; prices go up! When the cost of living goes up; groceries follow. If you print a bunch of money and give it as (cheap-loans) to the average American. They will go out and inflate the economy! And since nothing is actually 'growing' in any real sense; your wages stagnate.
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  25. Corporations are cooking the books that they are reporting to the FEDs. Inflation is largely up out of desperation. If the FED is maintaining high interest in an economy that is essentially dead. If you though the 2020 bailouts were bad; just wait until 2025. Inflation will be significantly worse in 2026/2027.
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  26. Well, I wish it was that simple. Debt to GDP is the reason people can't afford anything. Demographic based spending is inflating assets like Pensions, SS, and Medicare. So as long as that's the case; prices go up and wages stagnate.
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  27. I'm a millennial, I was told at 16 (don't expect to ever get SS). SO I think many of us have planned accordingly because of that. The entire economy feels like a pyramid scheme. The people doing nothing get 98% of the money and YOU get the other 2%.
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  28. True, but we're not in a recession; even by the old metrics.
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  29. Exactly! The data is bs because the corporation are giving the FED fake data.
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  30. I doubt it! This is mass incompetence as we've seen from both the Trump and Biden Admin. They shut down the economy and then printed $8 Trillion. High end boomers got rich and everybody else got screwed. The Federal Government is so broken; they don't have the logistics for anything right now. They simply take your tax dollars and spend them on a sinking ship.
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  31. All millennial wealth pooled together still have insane inequalities in contract to previous generations. If Baby Boomers at the same age had roughly a 60% share between the upper quartile and the bottom three. For millennials, it's more like 20%. An INSANE amount of wealth is concentrated at the top quartile of millennials (within their own generation).
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  32.  @chuckhancock3152  Hence, why I said 'it began going downhill long before the Covid wave'. It just made prices worse and populations denser.
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  33.  @rosanneallen-hewlett9973  Social Security, Medicare, Pensions, and bonds would collapse. Deflation would occur and states would implement a new currency backed by a regional economies
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  34. Top THREE Issues! 1. Jobs/Economy 2. Healthcare 3. Social Security/Medicare You have to seriously be living in a bubble to think that social issues or even abortion is anywhere at the top. This election is ultimately going to come down to LABOR vs. University/Administrative voters.
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  35.  @bovnycccoperalover3579  Most people end up working harder for longer which results in more medical issues. It's not worth it to wait until 67 for the majority of the population. Unless you have a low-stress or 'paced' job that has a 401k or 403b coming in due time; you should honestly take SS around 63-65. It's not worth the additional health hassles when you claim at 67-72 because that extra money gets eaten VERY fast.
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  36. Why oh why would you buy that poison? lol
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  37. Survivor bias of course. I've noticed the arrogant people are either full-time on a corporate ladder or retired. They're delusional and will be lucky to get a job at McDonalds if they get laid off.
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  38. It's always been that way due to physics. Pareto distributions get squeezed as time goes on and Price's law puts too much weight on the bottom. It's simply inevitable unless a reset happens every so often. There's no magical way to force equity onto everyone and everything. Every system will dilate and contract until it implodes. The type of system determines how long that takes. This is why I say that 'large scale civilization' is a perversion of the human species. We can only truly function properly at a municipal/community level.
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  39. It IS illegal, but you can't prove it because these companies are smart. 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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  40. Fannie Mae already pre-established this new loan policy back in 2023 when the FED was still raising rates. Under the Biden Administration, they fully intended to roll out 40 years mortgages with 1-5% down payments for the new conventional policy. Now, I'm no economist, but it doesn't take one to know that this would skyrocket housing costs once interest rates get reversed. If you have a $300,000 home right now. It will easily by $400,000 come Spring 2028
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  41. It's certainly worse than 2008. Believe me, the FED will be forced to bail out the markets again. This talk of 'long-term high interest' is laughable. They risk a bond default by allowing this to even go another year. They'll cut rates and we'll do this circus all over again in 2026/2027 with high inflation. Bust your balls in 2025, because we'll be in the same garbage dump come 2028.
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