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Old 01-26-2018, 11:57 AM
Status: "delete" (set 29 days ago)
 
3,189 posts, read 1,281,876 times
Reputation: 2351

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Quote:
Originally Posted by eliza61nyc View Post
hummm maybe because people have been predicting the "future" of Americans is bleak for oh about 200 years of our existence.

you yourself have been at it for 3 years and batting zero. Just me but I totally admit to not being an financial genius you seem to be.
A financial genius?

Do you think this is about money for me?

Is this a **** measuring contest?

As they say, ignorance is bliss. Maybe I should go back to the boxing gyms and get my head busted in.

Then I can be more like you people.

It seems as if people only care about money and themselves. So very disappointing.

Well, when your economic system is predicated on a sin, what do you expect?

Greed never pays in the end. We are all going to get REKT.

Last edited by Jobster; 01-26-2018 at 12:06 PM..
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Old 01-26-2018, 12:04 PM
 
Location: NJ
22,747 posts, read 28,621,839 times
Reputation: 14646
Quote:
Originally Posted by Jobster View Post
A financial genius?

Do you think this is about money for me?

Is this a **** measuring contest?

As they say, ignorance is bliss. Maybe I should go back to the boxing gyms and get my head busted in.

Then I can be more like you people.
have you been able to pinpoint the moment where you went nuts?
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Old 01-26-2018, 12:07 PM
 
Location: Philadelphia/South Jersey area
2,308 posts, read 1,049,087 times
Reputation: 7630
Quote:
Originally Posted by Jobster View Post
A financial genius?

Do you think this is about money for me?

Is this a **** measuring contest?

As they say, ignorance is bliss. Maybe I should go back to the boxing gyms and get my head busted in.

Then I can be more like you people.
Maybe, I don't know. I'm a pretty happy content gal so I can't say it's a bad thing.

So let me ask, what is your end game? do you not get paid in money? are you stockpiling weapons for that day when the US dollar and oil is worthless?

if I'm understanding correctly 2018 Japan and Europe will withdrew from the equities market (does that mean no more international stocks??after this year). and in 10 years there will be no oil except in Russia and no basic income.

So excuse me for a stupid question, is everyone who is employed now not going to get paid in 2028?
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Old 01-26-2018, 12:08 PM
 
4,784 posts, read 2,279,911 times
Reputation: 8882
What a bunch of rubbish.

School shootings, drugs epidemic, elderly people disrespected, and my favorite of all:

Quote:
"And that is my last pathology: it is one of the soul, not one of the limbs, like the others above. American appear to be quite happy simply watching one another die, in all the ways above."
That passage is so cringe-worthy it was painful to even quote it.

How do you even measure any of these things, and even if you could would they stand up to a historical comparison that shows a worsening trend? He's all over the school shootings thing, but is that really something that is a metric of the evil and danger in our society instead of something more fundamental like homicide rates?



Sorry Jobster but you should stick with your annual oil collapse rants to satisfy your doomsday porn needs, those are more bearable than this rubbish.
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Old 01-26-2018, 12:11 PM
 
952 posts, read 461,608 times
Reputation: 936
Quote:
Originally Posted by TreeBeard View Post
The problem is the tearing of the social fabric from three sources: 1. Social Media 2. Conservative Media and 3. Presidential politics.

Problems are being magnified while at the same time our ability to cope with these problems are diminishing. We live in our own bubbles. Media, especially conservative media, makes the opposition into enemies and propagate conspiracy theories like real news. Trump has made his administration the poster child for a divide and conquer strategy.

These are all reversible. I am not as pessimistic as the author.

We need to face our problems as a nation and not a collection of individuals. Then we we will find redemption.
The decline in moral values on all fronts has created other problems, greed in particular.
And created this:
https://www.nytimes.com/2018/01/24/o...ed-states.html

When people become desperate/lose hope, it generally results in civil unrest.
Yet this country wastes billions on Israel.
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Old 01-26-2018, 12:38 PM
 
Location: Portland, OR
9,600 posts, read 9,439,715 times
Reputation: 9210
Hmmm. I'm beginning to see a pattern. The closer an o.p. gets to the bone of truth, the shorter the thread overall, and yet the more heated (and personal) the vitriol used to discredit, diminish and disregard the ideas presented. Based on this, I believe there is more than enough in the o.p. to cause concern. Nothing the Self Sufficiency preppers didn't know. Their only misgiving is that they think one can plan and strategize a victory over the end of everything. Maybe if more people realized that the End really will be, and there is no surviving it through wits, bullets or sheer street smarts, maybe we would try harder to see to it that it does not happen. It's possible. We don't HAVE to watch the country devolve into anarchy and ruin and take the rest of the planet with it. We outnumber the tiny cadre of oligarchs that are starving out the country of essential National Treasure. Outnumber them millions to one. We should use that leverage. Now. It is a more pressing issue than any other we face.
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Old 01-26-2018, 12:39 PM
Status: "delete" (set 29 days ago)
 
3,189 posts, read 1,281,876 times
Reputation: 2351
Quote:
Originally Posted by eliza61nyc View Post
Maybe, I don't know. I'm a pretty happy content gal so I can't say it's a bad thing.

So let me ask, what is your end game? do you not get paid in money? are you stockpiling weapons for that day when the US dollar and oil is worthless?

if I'm understanding correctly 2018 Japan and Europe will withdrew from the equities market (does that mean no more international stocks??after this year). and in 10 years there will be no oil except in Russia and no basic income.

So excuse me for a stupid question, is everyone who is employed now not going to get paid in 2028?
I am non-violent. God cursed me with amazing hands and feet, but unfortunately, a big heart.

I don't own any weapons.

I never said oil will be worthless. An oil shock implies that the price moves drastically in one direction or the other. In this case, the price of crude will be very expensive.

No, it has nothing to do with international stocks.

Look, this is how it works. So you have machines trading against one another and often walking prices up, spoofing, etc, using all sorts of tactics to draw in "dumb money."

It works great in the cyrpto market because there isn't a protection team, so you can see what happens when markets climb up on no volume. But its own nature, it increases volatility.

Why?

Well because low volume walk ups imply that there is limited liquidity at those prices. Right? Meaning that there is no money that is willing to buy at those prices. It also means that the price is subject to rapid drops which can also lead to violent sell offs.

Okay?

So in the broader market this doesn't happen. Why? Because Japan or Switzerland comes in and buys up TRILLIONS of dollars of stocks when there is no additional capital available.

What does this due to the market? Well, it artificially lowers volatility and it keeps prices high.

So what happens when you PULL this money out of the market. Volatility increases substantially and since there is no more demand, the market prices plunge. What commences next is a sell off because there was no true price discovery and there is no excess liquidity to keep the market at those prices.

Does that make sense?

So what will have to happen is these banks will need to continue to engage in QE, perhaps even the FED, or there will be a dramatic market sell off.

As far as your other questions are concerned, clearly you don't know much about automation. While I have no idea how accurate this prediction is, the mean date for technological singularity is 2040. Before singularity occurs, there will be a dramatic re-adjustment in our labor force, as technology will continue to replace human labor capital.

This will eventually leave hundreds of millions and even billions of unemployable people because machines will be more productive and more efficient.

Judging by your comments and others that share your mentality, there will be no universal basic income. Americans are not altruistic. We are individuals. We only care about ourselves.

So what will happen to all those unemployable people?

And yes, Russia and Central Asia have the majority of the world's light sweet crude oil.

Do you not understand what is going on Syria?

Jesus.

Do you not know what the petro-dollar is?

Okay...I don't have time for this.

Brief summary:

Qatar and Iran share the largest gas field in the world in their waters. Qatar planned on building a gas pipeline through Saudi, through Syria, and eventually into Turkey where the crude would be offloaded and sold in USD.

The Qatari's approached Assad with their proposal who rejected it.

Instead, Assad opted for the Iranian deal in which the Iranian's would run a pipeline through Kurdistan and then through Syria, where it would be offloaded into the Mediterranean and sold in non-USD currency.

Well, the US didn't like this, so Assad and his family had to die.

Unfortunately, the Russians have a forward operating base in that location that gives them access to the Mediterranean and also gives them a point of operation in the middle east.

In 2014, Kerry met with the Saudi's to negotiate a production deal. The goal was to produce so much oil that the Russian economy would bleed out.

You guys don't like math, so I did it for you.

You see, the ruble is highly correlated with the broad price of crude. In contrast the USD is highly INVERSELY correlated with the broad price of crude?

Do you understand why?

Well because the VAST majority of international purchases of crude AND other commodities is in USD. Why is this important?

Well, several reasons. One reason is the demand for USD allows the US to fund its programs and spend beyond it's means. It's why nobody cares about the debt ceiling. It doesn't matter as long as the USD is the de-facto petrodollar and reserve currency.

Another reason, which is very important to this discussion, is that again, OIL IS SOLD IN USD. So what does this mean for Russian oil producers?

Well it means they pay their operations in the depreciated ruble, but they sell their oil in the appreciated USD. This is one of the reasons why the Russians are producing so much oil.

They can do math. They understand that the shale revolution is a lie and a ticking time bomb.

But anyway, the US was unsuccessful in removing Russia from Syria. It was important for the US to remove the Russians not only because of the gas deal, but also because it gives the US complete hegemony in the region, which allows them to pursue interests in Iran.

Why is the US interested in Iran?

Well because it allows the US to have access to the 5 central Asian States which, in addition to eastern Russia, have the most light sweet crude in the world.

The US will fail.

There is another option, I suppose. The US will likely try to influence the Balochistan region of Pakistan, but the Chinese are keen on this and are building up a military presence.

Why Is China Building a Military Base in Pakistan, America

I didn't read that article, but just showing what's going on in the world.

Anyway, ultimately, the US will fail.

I wonder if anyone pays attention to anything. How do you guys invest in the market and not know how the market works?

Last edited by Jobster; 01-26-2018 at 12:52 PM..
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Old 01-26-2018, 12:42 PM
 
828 posts, read 220,070 times
Reputation: 481
Quote:
Originally Posted by Jobster View Post
I don't know anything about the author outside of that article, but what about the article did you disagree with?

I wish people would stop engaging in character assassination. Imagine as if the article was written anonymously if it helps.

It don't think it does any good to attack the author. Attack the content if you want to attack anything.

As the poster above you described very eloquently, it is truly heartbreaking.

Do you not agree?
Ok if it makes you feel better all his stated points are useless drama queening. American dominance may be ending and opportunities for Americans may be evaporating but his examples mean nothing.
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Old 01-26-2018, 01:01 PM
Status: "delete" (set 29 days ago)
 
3,189 posts, read 1,281,876 times
Reputation: 2351
Here's the thing, smarter people than me estimated a time line of about 10 years.

I don't think this is the case anymore.

I think it's possible that there might be a much faster cash exodus from the US than I expected.

Think about it.

Let's say Japan and Europe end QE. So that means an exodus out of US equities, right? And who the **** is gonna buy US treasuries when you can buy Chinese treasuries that pay 4%???

Right?

And if the capital outlays are fast enough, it could trigger as massive sell off an a potential collapse of the USD far faster than anyone could have imagined.

It could even result in going back to the gold standard potentially. After all, China is buying oil with GOLD backed futures.

Right?

https://www.marketwatch.com/story/wh...old-2016-08-01

That's right, Russia and China are buying all the gold.

I wonder why.

Strategy. It's a game.

https://www.usatoday.com/story/money...ent/792990001/

Look at this. They are moving chess pieces.

Think strategically.

How can the US and its allies respond????

I don't know. I can only guess. Whateves...don't give a **** anymore.
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Old 01-26-2018, 01:12 PM
 
Location: Ruidoso, NM
5,170 posts, read 4,743,149 times
Reputation: 4206
Quote:
Originally Posted by in_newengland View Post
The right wing wants the total capitalism that is described in the article, the uncaring, dog eat dog competition with no help for anyone less fortunate, that is eating away at our society.
The "uncaring" part isn't the problem. The issue is that such a system is economically dysfunctional at the core. Which is why you have never seen a successful country using it, and never will.

The US is becoming an oligarchy. That's the wave of the future. Both "sides" or our pitiful excuse for democracy have been supporting this move.
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