Yeah preppers are paranoid sure.
Nobody says that about the rich ones though.
Yeah preppers are paranoid sure.
Nobody says that about the rich ones though.
You better believe it, they know.
Kings had to time their battles somehow.
What, you thought the interest was based on newspaper sun signs and tumblr memes?
Lesson 1: never negotiate nor sign contracts under Mercury Retrograde.
The superior power of population cannot be checked without producing misery or vice.
Almost like maths is always eventually right.
You can’t get blood out of a stone. Communists and socialists eventually run out of tax money, like a car can coast on fumes but doesn’t work with them from scratch.
You can’t only force people to work so many hours.
Pensions hasten the decline, you cannot live off of other people’s children – they simply won’t have those children.
Why lose in that investment?
So now you all lose thanks to bandwagon effect, tragedy of the commons.
Now you all must work til you drop.
“This means that the next-generation population in this region is only a quarter the size of the last generation. Northeast China has also been hardest hit economically. Similarly, in the rest of China, the fertility rate and economy may continue to decline.”
Why can’t the old people get off their arse?
I’ve never heard a good reason. If they’re so sprightly to be really physically active and young people won’t get the same, that’s age based theft.
The filial piety extremes of Asia will kill it.
If grandma doesn’t want to work for 3/4 of her life, that productivity has to come out of her children, who have fewer grandchildren, who may, given the burden of the parents in addition, never have children themselves.
It’s a slow natural selection. The selfish perish.
You also see this in the West.
Boomers aborted children or never conceived. Full pensions, the works.
Gen X had fewer children, tons of economic problems (immigrations, dot com bubble, housing mini bubble).
Gen Y came into adulthood with the small crash of 08 and will never retire, it’s mathematically impossible, the cupboard is bare.
Where’s the intergenerational transfer?
It should be going from old to young but not only has social contract been ignored but reversed, the spoiled of the Boomers got the BEST of everything at EVERY age, including old age. They’re dying and taking it with them, stolen from their parents who earned it in WW2 and their children/grandchildren especially.
The lowest investment generation of all time, if you look how much they paid into social security against how much they take out alone. The stupid little antifa tarts, male/female, are all “you go girl” not realising the gravy train will be empty by the time they qualify. Two years before death at 92.
The immigrant families (r-types) will be hit harder – dozens of uncle/aunts and so many great-somethings all creaking along into absurdly old age. I think the kids will emigrate to avoid paying for their family at First World cost.
If they’re smart, leaving the leeches behind.
There are plenty of abusive relationships trying to hide as filial piety. Piety isn’t about money, it’s dignity. There’s no dignity in leeching off your kids then browbeating them about “WHERE MY GRANDKIDS!” while slapping them with a shoe because that’s normal in the 3rd world you didn’t want to raise them in. Piety goes both ways. If you can’t loan from them under the same terms, without getting tons of verbal slack, it’s abusive.
I’ve already seen plenty of Asians swear off having kids. They just give up.
They work too hard for too little final money. Sometimes the relatives actually “tax” them (I mean like 60% if you sit down and add it up) or insist they take expensive trips to see relatives. If that was so fucking important, why did you leave? Why go thousands of miles?
Back to Asians in general but this applies to Western law/maths too.
Here’s how it works.
A state pension is subsistence, plenty of people falsely believe 1. they’re legally entitled to a pension (no, it is NOT a human right, tell the socialists) and 2. they deserve to live like kings off it (blatantly impossible, you can’t earn more not working plus inflation eating its value away). Pension investment is keeping the stock market alive and the housing bubble up (no pressure to sell) as well as savings down because they fucked over the mechanism to increase the savings rate with their shitty or non-investments.
Some have the temerity to complain why they can’t find a good savings account.
They made this market, not the avocado toast crowd.
Imagine being so petty you complain your grandchildren eat decent food.
“The size of China’s labour force is rapidly declining, while its elderly population numbers are increasing dramatically. In 2015, China had 6.9 workers aged 20-64 supporting one senior citizen aged 65 or above (most women retire in their 50s) and there is already a social security shortfall. The ratio will continue to decline, to 3.6 workers in 2030 and 1.7 in 2050. No social security net, no family security and a pensions crisis will evolve into a humanitarian catastrophe. As women live six to seven years longer than men on average (and are usually a few years younger than their husbands), they will be the main victims of population control.”
Victims??? You mean parasites.
Retiring in your 50s is fraud, for most jobs. Fuck you.
Allowing emigration is killing them faster.
Communist planning at its finest.
Let’s punish the worker and expect results.
“In the past, young China tried to catch up with middle-aged America, and the economic gap shrank. In the future, the economic gap between elderly China and middle-aged US will again widen.”
Your basic function in a family unit is to replace yourselves (extra children in case of illness too).
If you cannot replace yourself with no external pressure like tons of immigrants taking up housing/schools, then you have failed as a nation. At least the West doesn’t pretend to like families.
Europe’s low population density will SAVE IT.
Avoiding famine is why. K-selection is good for times of resource constriction.
They tried to produce an uber-K environment with one child – but low investment (Princess syndrome). Ks don’t raise narcissists.
“From this, we can say that the US economy will not be overtaken by China but, rather, by India. China’s economic vitality will continue to decline, which will have a disastrous impact on the global economy.”
How will they blame race, I’m waiting.
So much for the claimed superior IQ to America, huh?
India’s national IQ is too low to lead a tango line and old diseases are coming back because they brush their teeth in shit water, don’t hold out hope.
Hygiene is the requirement of a leading economy.
“There are verbal reports of Chinese academics calculating China’s 2018 economic growth at as low as 1.5 per cent, rather than the official 6.5 per cent. That seems too low to me but when I tested it among my China-based investment management buddies, it caused little surprise. After all, we have seen substantial declines in many of China’s economic indicators in the past year. That slow pace would put China behind the US, which overstimulated its own economy through big tax breaks.”
“One problem with the authorities holding on to a wishful 6 per cent GDP growth figure is that it gives us no real indication of when the economy may recover.”
Second of never? You voted for socialism, you’ll end up worse than Greece.
Again, pensions tanking them.
It killed Rome, it’s killing you.
Tell the lazy POS to earn their “dotage” and you might do better.
“China is likely to stimulate its economy by cutting interest rates, further slashing banks’ reserve requirements and asking state-controlled banks to lend more.”
That works so well everywhere else.
Maybe if China pulls a magic wand with a Communist sickle out their backside, they can recover.
Lynn IQ data:
China – 100, when tested,
US – 98,
Israel – 95,
Venezuela and Nigeria – 84,
India – 82.
Don’t lie to me.
The GDP of Venezuela will do better than India, in the long run.
Those who don’t learn from history, are trying to take your money.
Yes, this can last forever.
State-owned company = Communism
Keynesian stimulus is the technique, building things with no demand. On the books assets.
It works on greater fool theory. Pet rock economics.
If you don’t trust the stock market because you know it’s rigged….
And you don’t trust the banks because you know it’s rigged….
why trust the houses, supported by both?
They’re crooks trying to rip off one another first.
New Money deserves to lose it all.
Imagine being so shallow you claim you’ll only reward the men fool enough to get into the most mortgage debt…. in 2005. Housing Idiocracy.
China is going to bankrupt the London and New York property markets.
We shouldn’t have allowed foreigners to purchase. The Russians are among the worst.
They have no right to be here, build ugly culture-less glass (safety hazard) buildings and bribe officials to ruin the “protected” skyline. And why is there social housing in London? At all? It isn’t as if they need to be there for work, is it?
Communists can’t count. China is playing Russian roulette with living conditions.
Then there’s what will happen since it accounts for almost all of their “wealth”.
More people than ever in an urban space.
What happens to every Commie country EVENTUALLY.
I have to keep pointing this out.
Learn “please give me food” in Mandarin.
When they overthrow the government eventually, the bigger balloon will pop.
They’ll find a series of IOUs at Communist HQ. Can you say bank run?
I hope you can put a down payment on a trust fund with selfies.
No more corset controls on the banks since 1979/80. Goodhart pre-empted it.
Now they loan to things that don’t boost GDP including mortgages.
It’s included in debt to GDP though.
Boosted in addition to the retarded notion of a crumbling hovel being a “retirement” fund.
Funds and other assets don’t depreciate.
Don’t bail out bad property investors, they’re idiots.
You wanted the reward, the risk is also ALL yours.
The ‘competition and credit control’ reforms, which removed direct controls on bank
lending, had been introduced in September 1971 and a dramatic surge in bank
intermediation, leading to broad money growth rates in excess of 25%, had resulted in
1972 and 1973. The conclusion drawn by policy makers in 1973 was that the only
option was to supplement monetary targets with direct controls on banks through
Supplementary Special Deposits known as ‘the Corset’ (See Zawadzki, 1981).
Modest interest rate changes seemed powerless in the face of this monetary expansion
and the previously stable money demand function seemed to have broken down. This
was clear well before 1975, but Goodhart (1975b) was a summary of the current
problems of monetary management, as the title suggests.
So Labour want rent controls but not bank controls.
I wonder (((why))).
Goodhart’s Law is the statement missing from the square brackets in the quotation
above. It says: “Ignoring Goodhart’s law, that any observed statistical regularity
will tend to collapse once pressure is placed upon it for control purposes”.
“Houses as Collateral”
“First were the removal of exchange controls in 1979 and the direct control of bank lending (“the corset”) in 1980″
“The abolition of exchange controls in 1979 and the abolition of the last of the quantitative controls on bank lending heralded a period of rapid deregulation and increased competition in British banking during the 1980s”
They weren’t more productive in the 80s, they stole from the future (you).
Orwell wouldn’t have thought of this.
Notice the focus?
Liquid assets, especially jewels, difficult to trace themselves.
If you don’t have the paperwork for those family jewels, guess what?
They don’t DARE look into real estate purchases by foreigners.
50 million mansion versus 120k necklace?
Stunning and brave.