The Greatest depression is coming, are you ready?

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studier said:
After reading some of and watching your prolific posting, I thought you'd have the answer. The mysterious "they".
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The US used to be a democracy with a very healthy middlle class and a reasonable gap between rich and poor. But that gap has widened to the grand canyon. We used to be #1 in education but they have made a concerted effort since the Great depression to destroy the Public school. If you are in the inner city the public school ranks among the very worst schools in the world, especially when considering the return on investment. I believe this has been intentional. The richest 1% wants to destroy the middle class by taxing them to oblivion as they have to pay for entitlements for the poor which grow every year. The CIA has aided in importing cocaine and drugs into this country to destroy the poor. I think there is a pile of evidence concerning the richest 1% trying to destroy the middle class in the US so that they can have an oligarchy.
 
studier said:
So "they" are the monied - the influential.
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The richest 1% in a general sense without naming anyone specifically. There are only two possible ways to understand the policies that have led to this, either people who have made and passed these policies are incredibly foolish, to the point of being unbelievable, or else those with money and power have influenced policy with the specific design of bankrupting middle class taxpayers and putting as many low income people into poverty as possible. The only ones who would benefit from such policies are the 1%.
 
ZNP said:
The richest 1% in a general sense without naming anyone specifically. There are only two possible ways to understand the policies that have led to this, either people who have made and passed these policies are incredibly foolish, to the point of being unbelievable, or else those with money and power have influenced policy with the specific design of bankrupting middle class taxpayers and putting as many low income people into poverty as possible. The only ones who would benefit from such policies are the 1%.
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The two presidential candidates in 2024 raised $1.6 billion on the race. This is not from $5 donations. Those are the public donations. Then an additional $1.9 billion of "dark money" was also spent on the race. Non profits, shell companies, and other ways to hide their influence.


Fifteen Years Later, Citizens United Defined the 2024 Election

The influence of wealthy donors and dark money was unprecedented. Much of it would have been illegal before the Supreme Court swept away long-established campaign finance rules.

https://www.brennancenter.org/our-w...s-later-citizens-united-defined-2024-election
 
ZNP said:
The two presidential candidates in 2024 raised $1.6 billion on the race. This is not from $5 donations. Those are the public donations. Then an additional $1.9 billion of "dark money" was also spent on the race. Non profits, shell companies, and other ways to hide their influence.


Fifteen Years Later, Citizens United Defined the 2024 Election

The influence of wealthy donors and dark money was unprecedented. Much of it would have been illegal before the Supreme Court swept away long-established campaign finance rules.

https://www.brennancenter.org/our-w...s-later-citizens-united-defined-2024-election
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These numbers to run campaigns are most certainly astounding. Wasn't there some very wise Person that once said something about money & evil? And others that later said, "follow the money"?
 
studier said:
These numbers to run campaigns are most certainly astounding. Wasn't there some very wise Person that once said something about money & evil? And others that later said, "follow the money"?
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Are you talking about Tom Cruise, oops that was "show me the money". Follow the money was Deep throat, the CIA guy who sold the frame up of Nixon. Kind of like Hansel leaving bread crumbs as clues to lead all the way to the Whitehouse.
 
Gold has gone up 12% per year since 2015, 19% per year since 2022 and 70% in the last 18 months.

Gold is the life raft for the elites when the Titanic sinks.
 
shittim said:
are not digital currencies not a hi tech way to kick the can down the road?:)(y):unsure::coffee:
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No, crypto should not be compared to a can but rather to a yoyo. Think of the US throwing you money in a crypto account, so you put your money in as well and then they pull it all back to themselves like a yoyo.
 

120 Million Lose Everything! China’s Family Bankruptcy Wave Is Now Underway
 
We are seeing massive layoffs for both UPS and FedEx. We are also seeing employees made to work in horrible conditions so that they quit.

The reasons are as follows.

1. A slowdown in the economy means fewer packages. So this is an early warning of a global slowdown in commerce.

2. We have robots that can handle the work in a warehouse so it is very likely that these companies will be automating their process.

3. AI can replace white collar jobs.

4. We now have self driving 18 wheelers. It is very likely in a year many of the most skilled truck drivers can be replaced.
 

This is What “Always” Happens Before a Market Crash

This is investing 101, a very simplistic view of past crashes. He identifies four causes. However he is skating on the surface.

The fundamental cause of all crashes is stupid money.

Think of Social Security as "stupid money". Every two weeks a little money is skimmed off of every pay check in the country, put into this huge account. That is stupid money. The same is true of 401k and other retirement accounts.

Imagine most Americans want to invest the money in a way that it will grow without having to really know anything about how or why. This is why everyone scammed by Bernie Madoff was scammed.

You have two kinds of investors, predators and prey. The prey think they can simply graze on the grass in a big giant herd and they will be fine, don't need to know anything. The prey see these huge herds and plan how to eat them.

Here is what this video misses, in every market crash where his friends and family lost their bank account, their house, their investment, for every one thousand who lost thousands there was one person who made millions. People assume that since they didn't understand what was happening and what was about to happen no one else did either. That is not true, it might have been true for 99% of the people but not for 1%. They knew what was happening, it is basic human psychology. The fact that people are willing to invest in something without understanding it is the fundamental reason for all market crashes.

Suppose a man has two siblings, who are both married. Now all six people are employed, they have retirement accounts and between the six of them the accounts are worth $2 million. They have no idea what they are invested in, only that it is "diversified" and the broker recommended it, and hopefully when they retire it will be there for them. They could start a family business with that money. They could start a business that they fully understand, that they are fully involved in and that will also become an inheritance for their family. Why don't they? Simply because they have no faith in themselves. As a result their kids don't have a business they can inherit so they must also be employees and have 200k debt to some university. One day UPS or Google or META simply fires them despite their schooling and the thought that they had a really good job. On that day they discover they didn't have anything.

So then stupid money is really, at the root, faithless money.
 
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“15,000 Stores CLOSING” - Mass Layoffs for Macy's, Kohl's, CVS, & Walgreens SKYROCKET
 
People buy on the internet. I havnt been to a department store in years. Brick and morder stores closing isnt new. Book stores come to mind. E readers have been forceing them out for decades. Borders tried to keep up but Barnes & Nobles and Amazon were to far ahead. I dont like Amazon but their E books are cheaper and d/load almost instantly. Sears bought Kmart or the other way around and closed them both a few years later. If stores dont have an online presence they are being phased out. Just like the buggy whip. Youtube loves drama. Its another thing I avoid.
 
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Beijing’s BILLIONAIRES VANISH Overnight — Luxury Towers ABANDONED, Assets FROZEN
 
DeanM said:
People buy on the internet. I havnt been to a department store in years. Brick and morder stores closing isnt new. Book stores come to mind. E readers have been forceing them out for decades. Borders tried to keep up but Barnes & Nobles and Amazon were to far ahead. I dont like Amazon but their E books are cheaper and d/load almost instantly. Sears bought Kmart or the other way around and closed them both a few years later. If stores dont have an online presence they are being phased out. Just like the buggy whip. Youtube loves drama. Its another thing I avoid.
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Yes, I have often thought the worst job is to be a cashier in the mall.
 

200 Million Jobless in China, Economy Back to 60 Years Ago, Women Flock to Delivery Jobs for $0.3/HR
 
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