Prices, Inflation/Deflation, Interest Rates & The Fed

DanielH

Pelican

US Coast Guard shuts part of lower Mississippi River as bridge cracks​


They're literally just holding different goods/ trade routes hostage now. Suez, then pipeline, then the Mississippi. The bridge is constructed in a segmented manner, with the smaller segments being around 380 feet, wide enough for any barge. There is no reason to close down the entire Mississippi river for a crack in one segment, or one support of this bridge.
 

homersheineken

Kingfisher
Amazon's labor shortage...


They should make it a point to post about paid bathroom breaks if they want to increase submissions.


By the way, $17/hr * 40 hrs = $680. That's only slightly better than what the gov't pays to do nothing while being allowed to goto the bathroom. So basically you're asking people to work long hellish hours for $1-2/hr.

Amazon would be better off taking that bonus money to buy politicians to rescind the cushy socialism.
 

budoslavic

Owl
Gold Member
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username

Ostrich
Gold Member
Tim Pool going over inflation numbers. Alot of the stories are coming out in local papers, but not being covered on larger national outlets. These stories add up and a story is pieced together. A decent practical analysis of what's going on, lots of anecdotal evidence and such.

Ice Age Farmer did the same thing in the video budoslavic posted (below). Article after article talking about various shortages while national media ignores it or purposefully hides it.

Ice Age Farmer, "Brace for Impact: About to get much worse."

Intro: (0:00)
Shipping: (4:50)
Inflation: (8:56)
Grains Shortage (13:07)
Meat Shortages (21:56)
Huge Narrative Shift (23:41)
Solutions (33:08)

 

rainy

Kingfisher
They should make it a point to post about paid bathroom breaks if they want to increase submissions.


By the way, $17/hr * 40 hrs = $680. That's only slightly better than what the gov't pays to do nothing while being allowed to goto the bathroom. So basically you're asking people to work long hellish hours for $1-2/hr.

Amazon would be better off taking that bonus money to buy politicians to rescind the cushy socialism.
Unless I’m wrong right now many are collecting about $510/week unemployment plus additional $300/week stimulus. So just over $800/week to do nothing. That’s more than Amazon.
 

rainy

Kingfisher
What’s worse is up until Sep many received additional $600/week stimulus. So now we have countless handout receiving bums who haven’t worked in a year and have little interest in returning to the work force.

Mine and most businesses I work with can’t find any labor and people earning in the 50-70k per year range are collecting near that to not work. So they won’t work.

These communists are killing small businesses. It’s a chain reaction. Job materials have gone up in price as manufacturers don’t have the same work force and because there’s fewer truckers willing to transport. There’s less material available. Fuel has gone up. Health insurance has gone up. And now everyone demands $25+ an hr to work given the government handouts.

These communists must think small businesses can just print money like the Fed.
 
These communists must think small businesses can just print money like the Fed.

Not to pick on you, @rainy, since I don't know your situation but small businesses owners I know were more than happy to take their share of the Fed funny money with PPP loans. Then they still chose to lock down, fire employees (justifying in every case they'd just get unemployment), and then going along with mask mandates.

Why would anyone return to a volatile job headed up by cronies in the bag for government, as a majority of small business owners are now?
 
I found this interesting...Plan B talks about the great reset and a lot about BTC stock to flow model...in part 2 of the video, he talks about people moving away from countries with no property rights (USA inheritance tax and gift tax for example) to countries that respect property rights, using BTC
 
I found this interesting...Plan B talks about the great reset and a lot about BTC stock to flow model...in part 2 of the video, he talks about people moving away from countries with no property rights (USA inheritance tax and gift tax for example) to countries that respect property rights, using BTC

I struggled to watch it because of the language barrier.

The problem with higher tax countries is there is no end to how far they will go to tax you. It's getting to a point now where they are inventing taxes on the fly like global extraterritorial tax, wealth tax and retroactive tax.

I talk to my leftist friend that brag about his friends that are cleverly avoiding tax by funneling money between companies and delaying the selling of their assets. These people don't understand that government will eventually come after your assets and force the sale in some way. It already happened with the estate/death tax in the US. Next is the wealth tax. And once they decide on something loopy they can make it retroactive so it doesn't even matter if you leave the country.
 
That’s why I think crypto is the future, they have no direct way of stealing it. They can tax you out of any other physical asset...land you cannot transport, gold or diamonds or fiat can be confiscated at borders...crypto will enable capital flight like the world has never seen. I feel like this is coming sooner than many here believe, and that is the only thing that gives me pause to think I am getting ahead of myself. The end of this year might see calls for more regulation and even a closing of on-ramps, I think there is maybe a 10% chance of that. I think chances are 50% that in 2025 world governments will pull out all the stops against crypto and it will be made difficult to get large sums of fiat into crypto.

Listening to the Peter Schiff podcast, he mentioned the inheritance tax and the follow on gift tax, which went to the SCOTUS. SCOTUS ruled in favor of the government‘s argument that gifting your own property was not a right, but a privilege, and the tax was to exercise that privilege. You already own nothing according to the US government, they do not recognize private property rights.
 
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aynrus

Pelican
That’s why I think crypto is the future, they have no direct way of stealing it. They can tax you out of any other physical asset...land you cannot transport, gold or diamonds or fiat can be confiscated at borders...crypto will enable capital flight like the world has never seen. I feel like this is coming sooner than many here believe, and that is the only thing that gives me pause to think I am getting ahead of myself. The end of this year might see calls for more regulation and even a closing of on-ramps, I think there is maybe a 10% chance of that. I think chances are 50% that in 2025 world governments will pull out all the stops against crypto and it will be made difficult to get large sums of fiat into crypto.

Listening to the Peter Schiff podcast, he mentioned the inheritance tax and the follow on gift tax, which went to the SCOTUS. SCOTUS ruled in favor of the government‘s argument that gifting your own property was not a right, but a privilege, and the tax was to exercise that privilege. You already own nothing according to the US government, they do not recognize private property rights.
They have a way to steal it...all they have to do is make internet (including through phone) ID-only access and monitor all traffic. This is being done in other countries already. You can still do limited sale p2p offline, but this is negligible market and being limited to that would crush the value.
 
They have a way to steal it...all they have to do is make internet (including through phone) ID-only access and monitor all traffic. This is being done in other countries already. You can still do limited sale p2p offline, but this is negligible market and being limited to that would crush the value.
VPNs, and in a few years Web 3.0, which will decentralize the internet once again. Web 3.0 is a second layer encrypted internet via blockchain.
Who do you think wins in the end, tyrannical government flunkies with fake money? Or the best minds on earth, who statistically believe in free speech, free markets, and property rights. If we win soon, the fall won’t be as painful. If it is prolonged, the suffering will be immense and my kids won’t see the spring time of America.
I’m betting they see the rise of a new era of more freedom, not a descent into socialist hell.
 

NoMoreTO

Ostrich
VPNs, and in a few years Web 3.0, which will decentralize the internet once again. Web 3.0 is a second layer encrypted internet via blockchain.
Who do you think wins in the end, tyrannical government flunkies with fake money? Or the best minds on earth, who statistically believe in free speech, free markets, and property rights. If we win soon, the fall won’t be as painful. If it is prolonged, the suffering will be immense and my kids won’t see the spring time of America.
I’m betting they see the rise of a new era of more freedom, not a descent into socialist hell.

At the end of the day, if you are making a large real estate transaction for example, running a commercial business, you have to be transact above board.

Tyrannical government flunkies with fake money and compliance could very well "win". But remember, most wars are a lose - lose. Everyone loses. The best minds on earth aren't helping us through this, they don't hold Power. Look to the best minds in your town and strengthen ties. I'm not thinking the block chain is going to help things, I am thinking it will be a feature of the Beast System. Initially associated with Freedom (like the internet), it will soon become a method of exercising total control.
 

NoMoreTO

Ostrich
...

I talk to my leftist friend that brag about his friends that are cleverly avoiding tax by funneling money between companies and delaying the selling of their assets. These people don't understand that government will eventually come after your assets and force the sale in some way. It already happened with the estate/death tax in the US. Next is the wealth tax. And once they decide on something loopy they can make it retroactive so it doesn't even matter if you leave the country.

Hope you've been well old pal. Delay of taxation is one of the 4 methods to tax planning. It's legitimate to try and hide in places currently not taxed, they will come for it, you are right about unrealized gains being taxed. Already Biden has a US farm plan where farms must be passed at market value generationally. What can someone do about this? Should they sell their farm? I don't think so, I think they should understand that the wealth in their farm is something they can leverage for the time being to get them through.

Stocks perhaps are similar, people could be taxed at the Fair Market Value(FMV) they already require FMV to be used on the balance sheet. But does this mean someone should sell now and pay taxes in 2021? Perhaps yes, to get some wealth outside of the system, but perhaps it is best to just defer the tax.

Ultimately, people need something outside of the system, Crypto, precious metals, tools and equipment they can use to make money or rent out.
 
At the end of the day, if you are making a large real estate transaction for example, running a commercial business, you have to be transact above board.

Tyrannical government flunkies with fake money and compliance could very well "win". But remember, most wars are a lose - lose. Everyone loses. The best minds on earth aren't helping us through this, they don't hold Power. Look to the best minds in your town and strengthen ties. I'm not thinking the block chain is going to help things, I am thinking it will be a feature of the Beast System. Initially associated with Freedom (like the internet), it will soon become a method of exercising total control.
People won’t be buying real estate in a country that believes they don’t really own it. They will be selling their business and real estate, converting to crypto, and moving somewhere where property rights are respected.
 

NoMoreTO

Ostrich
People won’t be buying real estate in a country that believes they don’t really own it. They will be selling their business and real estate, converting to crypto, and moving somewhere where property rights are respected.

You can't sell your business or sell your real estate when no one is buying. Yes people could do that now, at least on the real estate side. The people who own those downtown businesses can't sell their coffee shop for good money, they have already lost value due to lockdown.

Yes, young men might get out. But really who respects property rights in this world? Just about every country has instituted corona measures, I use that as a guide. If the Rona measures are there, then the taxation system will be coming to pay the 'debt'. Best bet is probably a place where the Rich hold their private money, whether real property or legal structures. Eg. Cayman islands

Only a very small percentage of people are going to up and move as tyranny enters into power. Most will hold strong where they are, where their families are. Look at history, most will try to hold through.
 
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