When they read about our economy collapsing, they’ll have to admit the signs were there.
Botox and kissy faces….
When they read about our economy collapsing, they’ll have to admit the signs were there.
Botox and kissy faces….
Worse than buying bonds before a collapse in the class, worse than buying French gilts, worse than buying single company stock, worse than falling for the siren song of “options” over cash, worse than an actor agreeing to be paid in net profits, is buying something calling itself a “currency” backed by precisely zero humans’ labour.
Those tulips smell lovely.
And to this day, nobody knows who invented it. You’re legally barred from purchasing land, the only real investment, with it. Every idiot you know is acting like 2005 with house prices, laughing at you for not buying it. If there’s one thing that motivates your investment strategy, it should be the emotions of the idiots who read one blog post or ‘trust’ a public adviser, reliant on clickbait.
Still, there is one group stupider. (I don’t care if that counts as a word, don’t @ me).
The EU-China land bridge builders. Bridges work both ways? You’d have to be especially thick to build a LAND BRIDGE during a time that a previously wealthy continent is experiencing demographic decline and being overtaken with African (and low-quality Asian) marauding rapists and bandits. You have more money than us and more schoolgirls. Where will they go, if there’s a land bridge? For their sake, I hope the debt falls through prior to completion. It probably will.
Watching the financial news is like reading Emperor’s New Clothes. You can’t see it, you can’t touch it, you pay for it and just – trust us, it’s there.
Currencies are backed by citizens, specifically their sweat.
I’m starting to see a connection between box office records and the economy. If anyone wants to follow that thread, I say go for it.
“Those who watch closely will notice that even small changes in the laws and rules can have a big impact on how things unfold. A lot of strange almost bizarre theories are floating around concerning our economic future. This means that on occasion it is wise to step back, take a deep breath, then try to sort out what is really happening in the economy.”
“Central banks can stack the deck but when it gets too high and begins to fall they may not be able to control the direction or who it will crush. Many of the investments people make are predicated on the idea that if the economy fails we will have a soft-landing, or if it does crash the result will not be fatal.”
If you’re stupid, yeah. We have socialist schools so we hate the markets and know they’re always doomed to crash. It’s the one useful thing we’re taught. We had to discuss hyperinflation and the crash of ’29 at length.
“The idea the economy will simply be able to adjust and grow its way out of many problems we have tried so hard to ignore and not just muddle along but to thrive defies what history has taught us. It is based on a view of history that often overlooks the many who have “lost it all” in prior periods of economic chaos.”
He speaks like they don’t deserve to burn.
You play with fire.
Worst, you play with someone else’s fire.
Someone’s retirement fire.
A nation’s fire.
I’m sure there’s a myth about this somewhere. The punishment was eternal.
“Is the typical Apple user so self-centered that they just don’t care, or do they lust for the product so much that they bury and ignore their social conscience? These consumers are even willing to pay higher prices to lock themselves into a closed system tightly controlled by Apple.”
I know a man who uses an iPhone and has done public work against child slavery. You might have seen him on TV at some point. I mention this because trust me, that doesn’t narrow it down. Whatsoever.
It is impossible to hold a conversation on this topic. Otherwise an intelligent fellow, he mumbles and points the finger.
What dystopian relief films like Fight Club miss is how most of the people in the system and in the Matrix are complicit, knowingly and willingly so. They are objectively terrible.
When they complain about losing their ill-gotten savings, remember it’s the honest people who really paid for it in the first place. You can’t consume things you don’t produce, it’s a law of nature. If you are consuming beyond your real production (easy jobs don’t count) then someone else has been slaving away for your luxuries and if you lose them, that is justice, not an injustice. These people remind me of the entitlement of a baby who throws away its rattle (iPhone models) expecting it will always be replaced by a caretaker.
“Those who surrender to the idea America is too small to lead based on population numbers do not understand that quality beats quantity hands down. Sadly the spirit of, “I will gladly pay you Tuesday for a hamburger today” is alive and well in many of those advocating free trade and the expansion of globalism. Whether driven by greed or suffering from being short-sighted, buyers of the many products we import each year should resist giving up their futures so that we can buy the latest fancy flat screen television or set of patio furniture made in China for far less than one made in America. Countries that export goods at slightly below cost in exchange for manufacturing jobs are not stupid – they are predatory and we in America are their prey.”
Globalization isn’t free, it’s treasonous. If you want to develop another country, move there.
They don’t think it’s their future. They, the middles, aren’t the working class. They don’t care. Nobody has to care about them, then? Excellent.
All y’all need to read After the Empire: The Breakdown of the American Order.
Empires collapse, they do not slide.
Trump is an overt paper tiger to match the nation’s own power.
Very good blog.
“civilizations share a sharp curve of decline. Remember this is totally entwined with the economy and everyday life. Indeed, a society’s demise may begin only a decade or two after it reaches its peak population, wealth, and power.”
You had to import the Chinese, didn’t you? The Muslims are nothing to the Red Dragon. Muslims aren’t taking the University places on your prestigious national STEM courses and taking all that knowledge back home with them, to compete against you.
America used to be smarter.
“Uncle Sam introduces Eastern Barbarism to Western civilization.” You don’t see many white women making kitten-crushing videos.
“It was repealed by the Magnuson Act on December 17, 1943.”
“While the Magnuson Act overturned the discriminatory Chinese Exclusion Act, it only allowed a national quota of 105 Chinese immigrants per year, and did not repeal the restrictions on immigration from the other Asian countries. Large scale Chinese immigration did not occur until the passage of the Immigration and Nationality Act of 1965.”
I hate it when I know American history better than Americans.
Sure, blame Africa. Like all the abortions of AAs have given them powerful numbers to swarm you.
“They were charged with living together “in a state of adultery or fornication” and both sentenced to two years imprisonment in the state penitentiary in 1882.”
Those were the days.
Would SJWs really be a problem if being a massive slag (male/female) were illegal again?
You want to go back America? Want to be conservative? Are you sure you want these laws back?
Gee, why were marriages so secure, back in the days you could literally throw cheating spouses in prison?
Asians counted under miscegenation law until 1948. Pick your poison.
“Even today, although all its constituent sections have long been repealed, Chapter 7 of Title 8 of the United States Code is headed “Exclusion of Chinese.” It is the only chapter of the 15 chapters in Title 8 (Aliens and Nationality) that is completely focused on a specific nationality or ethnic group.”
There’s a reason for that. The first isolated communities that refused to integrate were called Chinatown.
All the much ado about Muslim bigotry has precedent in the American law for the Chinese so yes, they are right in that you can’t allow the Chinese to do something then complain when other Asians pull the same con job.
The Chinese had gangs long before the Muslims too.
“One common thread and sign the end is near is a massive growth in crony capitalism and corruption. Even when the signs of decline may be everywhere that does not guarantee the end is near. As the foundation crumbles away it is not uncommon for those in power to extend their rule by many tricks and changing the rules in order to gain a new lease on life.”
A title of ‘stock fuckers’ sounded too vague in this economy.
“The way to get paid the most in the shortest period of time is to convince government to artificially increase stock prices.”
~coughs in Tesla shares~
“The long term on this is the destruction of the entire economy. Why? Put the rich on welfare and they become lazy – just like the poor.”
The Valley is full of Ivy League douches making a quick buck off the taxpayer, there are no geniuses anymore.
There’s no such thing as Tech unicorns. All the engineers who founded it leave, what happens? They buy an island next to Branson, is the value of the company greater, like the IPO price led you to believe?
There are no geniuses.
Technology won’t come riding in on a white horse to save you. You need geniuses and a level of selfless work ethic over years with definite high-risk and remote, but possible high-reward. Well, we got the second, where’s the first?
Tech could never fix humanity’s problems anyway, whatever atheistkult led you to think.
There have been no true innovations out of America since you let Asia steal your upgrades by funding their factories to do so. No coincidence. It’s like international tech communism. Americans do all the work, China rips it off. To each according to his ability, to each according to his need.
But sure, America is the global superpower…. keep telling yourself that.
Even Tesla and Space X, who I mock with love, didn’t patent certain things because they knew China would use it as an ‘instruction manual’. That’s the canary in the coalmine right, there, from people who freed certain patents. The reason we have those and trademarks and such is so a company can run without the competition stealing its shit. So the company lives and to retain its earned advantage. Globalization has ruined entrepreneurship, if the big companies don’t rip you off, hundreds of small ones will try as if they lived down the road (worldwide shipping). Your Government won’t protect the IP of its people, then wonders why real growth tanks….
That, in short, is why another Apple is impossible.
Property rights in a high-tech society must extend to IP or why bother setting up a tech company? Why cure cancer if you’ll lose billions testing it because Asia will just steal the formula?
I have been waiting for this for literally years.
This will be our time’s Tulip Bulb Craze. All the signs are there, except tulip bulbs are real and have A*E*S*T*H*E*T*I*C value.
Anything the Lopez guy plugs financially is a scam, in my opinion. Ponzi, from someone of that level. He’s like the everyman internet entrepreneur schtick, like that slimeball 4 Hour Work Week charlatan who pretends to come from a common background. The one who gives nothing to the world but interviews useful people. Like white guy Oprah. Total waste of space. Can the internet entrepreneur celebrity fad die already?
Pension collapse risk, more 2019 imho.
How many people saving for retirement know it’s bound up in funds aka the stock market?
They spend so much time insulting bankers and investors (they are investors) and capitalism and greedy profits, it’ll be intriguing to see their response to a dip in expected yields. Yields they feel entitled to, magical money tree.
I think next year is more a risk, as the see-saw tilts to the consumers, who refused to breed producers, opting instead for historically novel abortion rates. Combine that with record-low, almost nil savings and this will never, ever end well whatever mathematical miracle they pretend to pull out. It’s impossible for infinite growth in an aging/dying/declining society.
Democrats already suggested the prospect of taxing IRAs and 401ks.
Commies never leave money on a table.
Many millennials will be at the prime working age of 30 and many Boomers around 60, critical ages. I’d expect to see a major shift in the workplace and its rules then.