Prices, Inflation/Deflation, Interest Rates & The Fed

The short answer is I utterly lacked financial and personal discipline to insist on warming up a can of soup.

Long (beta) answer is that we had gotten back late and had decided on pizza. The size wasn't specified, so I assumed these would be pretty darn big, ie: lots of leftovers for later. But NOPE, just "medium" sized, so in the end a total ripoff.

Since then we've ordered out twice ( I know, I know...), *trying* to be frugal.... and you can't win. Nothing is even moderate price anymore, and what's just slightly expensive has portions seem to be for small children, at least if you want meat.

So now we just try to keep a big tub of plain yoguhrt in the house, so if we end up ordering, we just get one dish, and supplement with yogurht and fruit. It's actually not a bad system.

Got lots of canned soup I have stocked up for emergencies. Spam, Tuna, etc... We are starting to use that stockpile a bit more. Also to be clear, overwhelmingly we cook our own food.

But lest I get judged too hard, this is still a ridiculously new paradigm that am not accustomed too. I didn't grow up like this. I make a LOT more than my dad did at his age, and I can't afford as many small pleasures as he did. LIKE PIZZA!

It's reality and I'll adapt, hopefully thrive someday (bitcoin? lullzz....), but just seems to have crept up fast.
He meant, why cauliflower crust? Real pizza would be perfectly understandable.
 
He meant, why cauliflower crust? Real pizza would be perfectly understandable.
:laughter: Yep. And especially a 40 dollar cauliflower pizza, though I am not too familiar with American prices, sometimes I'm just shocked by the rents and prices people need to pay in the US.

This is the best pizzeria in the world in Napoli, Italy.

The perfect Margherita is 5.50 euro. Fresh Italian pomodori, fior di latte, fresh basil.

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Oh and this a half one...

But aside from cauliflower pizzas..


The media is spinning the fedcoin...

With all this banking turmoil...

This could save us!

Wouldn't you want the "perk" to park your money at the Fed?

Yes dear leaders who are so good for us. Please give us this perk. And rid us of these evil banks.

Trust the state.

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Oh and this a half one...
Would you like some cheese with your bread? :hmm:
 
Regular crust pizza in the states is a carb and gluten massacre. You are eating insane amounts of carbs and it's disgustingly unhealthy. So yes that's why I went with the fancy crust.

In the past eating cheap was fine, but now literally every cheap source of food is getting compromised by seed oils, soy, and countless other horrible chemicals and additives. They are raising priced AND degrading ingredients.

For actual healthy food inflation is like 100 percent or more.
 
I think that the only way the dollar will rapidly loose reserve status is if it's deliberately destroyed.

If you look at past switches in the reserve currency, they were quite dramatic affairs.

The dollar flipped the pound twice as reserve currency.



The dollar is only in it's 70th year of world reserve currency.

The US was also the world's largest economy (nominal) for about 70 years prior to getting world reserve status.

And Britain was well in decline for a lot of the time it had world reserve status.

It's quite likely that the dollar will see a big clunk down in share of reserves this decade, and that may be part of a wider plot.

But the Yuan only makes up about 2% of world reserves. The Yuan and BTC are the only feasible challengers currently in existence.
 
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I think that the only way the dollar will rapidly loose reserve status is if it's deliberately destroyed.

If you look at past switches in the reserve currency, they were quite dramatic affairs.

The dollar flipped the pound twice as reserve currency.



The dollar is only in it's 70th year of world reserve currency.

The US was also the world's largest economy (nominal) for about 70 years prior to getting world reserve status.

And Britain was well in decline for a lot of the time it had world reserve status.

It's quite likely that the dollar will see a big clunk down in share of reserves this decade, and that may be part of a wider plot.

But the Yuan only makes up about 2% of world reserves. The Yuan and BTC are the only feasible challengers currently in existence.


I don't think the world needs one singular reserve currency. It could be several of them. Or say dollars for the US hegemony countries and other(s) for the Russia-China axis etc. The current US policy, which is not the fault of it's citizens of course, is sort of forcing this shift. China and Russia have been stockpiling gold for decades, so that's another element (literally) to this also.
 
I think that the only way the dollar will rapidly loose reserve status is if it's deliberately destroyed.
Yes, but it depends on your definition of deliberate, which I will include as "who knows the outcome of war" as well. The reason why it seems to be deliberate is that there is absolutely no reason for the US to have done what it's done with NATO re:Russia. That's why I think the dollar can get dethroned, though it may take the start of a larger war, because we could have just not bothered Russia and kept USD reserve for many, many more years. So I'm with you here, this is a prideful ZOG-Bankster plan, if I had to guess.
It's quite likely that the dollar will see a big clunk down in share of reserves this decade, and that may be part of a wider plot.
Precisely.
The Yuan and BTC are the only feasible challengers currently in existence.
Also correct.
 
PlanB is now acting like we won't see one final BTC dip ... but I think we will. Also, some inflation numbers (PCE) in the US are slightly down, but sentiment is also down and wages are up. The Fed will raise again in May, 25 bps ... if something doesn't break by then. I'm calling it now, the markets will be down a minimum of 20% in April. Let's see how my prediction does. Around 3200 S&P given current state of things.
 
This quote is made up, said association did not. exist. Has been attributed to a magazine that doesn't exist.

Really? I got it from Ivor Cummins, and he's usually solid! The ABA has existed since 1875, and Norman Montague was the Governor of the BOE in 1924 at least, and his diaries show that he was present in New York at that time.

The original quote is from the book "American Imperialism," by someone named Sarah E. Van de Vort Emery, published 1893. (She seems to have a been a Feminist of some sort) It's strange if someone would tie this to a fringe figure like Montague, if they just wanted to make something up. Maybe he was quoting that book? In fact the original quote (with some differences) is even more interesting...strange story really.

(link to page with quote)


 
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3. Scott Galloway predicts that healthcare and higher ed will be transformed - tech companies like Amazon will take over healthcare, and then tech giants like Google, Apple will pair with big name universities like Harvard, MIT, Stanford, Oxford...etc and distribute their degrees to the masses in a "platform" style:
I searched this dude because he pops up everywhere and searching here, I noticed there isn't much mention of him. I'm happy since I see the man as a self promoter boomer type of the worst kind, with that salty punchable face book, and half truths though some social things he will draw people in for. Notice that here also he was wrong within a year of this prediction, and those big boys all gave up on that grand idea Mr. Galloway thought was an easy prediction to make. lol

Increasingly no one is even going to trust the medical system (most know here I'm in it, which is funny). So they'll be forced to eat less and better, if the economy doesn't already make them do that. I don't mean to derail the thread, but this topic of the two industries of major inflation (medical care and universities, where SG comes from), need to die at least a little, and preferably a lot.
 
I searched this dude because he pops up everywhere and searching here, I noticed there isn't much mention of him. I'm happy since I see the man as a self promoter boomer type of the worst kind, with that salty punchable face book, and half truths though some social things he will draw people in for. Notice that here also he was wrong within a year of this prediction, and those big boys all gave up on that grand idea Mr. Galloway thought was an easy prediction to make. lol

Increasingly no one is even going to trust the medical system (most know here I'm in it, which is funny). So they'll be forced to eat less and better, if the economy doesn't already make them do that. I don't mean to derail the thread, but this topic of the two industries of major inflation (medical care and universities, where SG comes from), need to die at least a little, and preferably a lot.
Yeah Galloway wants to be a "thought leader".

We all seem to agree that healthcare and education are the most ripe to face major disruption/catastrophies, and rightly so. They completely fail the public.
 
Yeah Galloway wants to be a "thought leader".

We all seem to agree that healthcare and education are the most ripe to face major disruption/catastrophies, and rightly so. They completely fail the public.
The disruptions are happening, at least in the US. Dr McCollough and others like him that called out the Covid scam are starting their own healthcare practices as far away from normie healthcare as possible. Crowdhealth looks like it will succeed and is freeing many from the health insurance, government wealth extraction scam.

Changes will become more rapid as inflation accelerates and people become more desperate.
 
The disruptions are happening, at least in the US. Dr McCollough and others like him that called out the Covid scam are starting their own healthcare practices as far away from normie healthcare as possible. Crowdhealth looks like it will succeed and is freeing many from the health insurance, government wealth extraction scam.

Changes will become more rapid as inflation accelerates and people become more desperate.
Coding bootcamps provide dramatically better value than university degrees. They aren’t as respected in industries, yet. But the moment you begin, 100% of the time is oriented towards getting you a good job in a great field.

I could go on about how they can make curriculum changes super fast, or create interactive zoom lessons, basically they adapt lightning fast. They force students to begin applying to realistic jobs before they even graduate, and assign zero useless work like sociology classes.

Bootcamps are the private sector showing the public how it’s done. My only regret is not starting one sooner.
 
Coding bootcamps provide dramatically better value than university degrees. They aren’t as respected in industries, yet. But the moment you begin, 100% of the time is oriented towards getting you a good job in a great field.

I could go on about how they can make curriculum changes super fast, or create interactive zoom lessons, basically they adapt lightning fast. They force students to begin applying to realistic jobs before they even graduate, and assign zero useless work like sociology classes.

Bootcamps are the private sector showing the public how it’s done. My only regret is not starting one sooner.
Getting of topic, but the general concept of “bootcamps” make a lot more sense than the college system, and I’m glad people are innovating the education space, but I wouldn’t recommend anyone do a coding bootcamp in 2023. The days of learning one or two programming languages, some basic stuff like Git and Linux command line, and landing a $70k+ job are over. Code monkey jobs don’t really exist anymore.
 
Getting of topic, but the general concept of “bootcamps” make a lot more sense than the college system, and I’m glad people are innovating the education space, but I wouldn’t recommend anyone do a coding bootcamp in 2023. The days of learning one or two programming languages, some basic stuff like Git and Linux command line, and landing a $70k+ job are over. Code monkey jobs don’t really exist anymore.
Is the point you are making is that coding bootcamps may not end in employment? How are our reaching this conclusion? Also why do you think that learning one or two languages is deficient? How many would you suggest?

My experience in the industry is contrary to yours. People have been saying bootcamps don’t work ever since I joined one and landed a job 5 years ago. There are plenty of bootcamps grads along with computer science grads. I don’t know anyone that can code in two or more languages and uses each in a significant way on a regular basis. That’s most definitely a prerequisite for getting a job.
 
I agree that the 2012-2016 "bartending to coding in 16 weeks" days are over, or at least, that had better be one sharp bartender, and legitimately persistent.

But, my point is the same: bootcamps are dramatically better value and are fantastic ways to learn. Especially if someone has some sort of half-decent experience; for example I know a guy who worked in construction, took a coding bootcamp, and quickly landed a job in software within the construction industry. Making that move without a bootcamp would have been hellish through a university.

His coding bootcamp even offered the financing structure where you only owe them if you land an actual job within 6 months, provided you follow their job-hunting process, which was reasonable, and they provide a career coach. Then if you make more than some threshold, they get a bonus up to some amount.

They are actually invested in your outcome. They charge ~$15k, and they do it in a few months instead of sticking you away at an indoctrination camp for 4-5 years and $20k/semester.
 
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