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Old 07-01-2019, 09:28 AM
 
2,133 posts, read 524,377 times
Reputation: 3724

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Quote:
Originally Posted by Cold Warrior View Post
About 40 years ago, 1973 to 1981, there was hyperinflation and high unemployment due to the two oil embargoes. The economic situation has since improved in every way.
Just a clarification. It wasn't actually hyperinflation. See https://en.wikipedia.org/wiki/Hyperi..._world_history. The MONTHLY inflation rate in Hungary in 1946 was 4.1910^16 % . That's 4.19 x 100000000000000000% per month. Prices would double every 15 hours or so. Shopkeepers closed their doors twice per day to increase posted prices. In Zimbabwe, official figures announced for June 2008 estimated the inflation over 11,250,000% . That was the last official number; after that, academics estimated that the inflation peaked at an annual rate of 89.7 sextillion percent (89,700,000,000,000,000,000,000%) in mid-November 2008. The peak MONTHLY rate was 79.6 billion percent, which is equivalent to a 98% daily rate, or around 7 10^108 percent yearly rate. At that rate, prices were doubling every 25 hours.

That's hyperinflation.

President Richard Nixon imposed price controls in the USA in 1971 when the inflation rate was 4%. Of course, by the early 1980s it was double digit.

Inflation is almost exclusively a monetary phenomenon, and the Arab Oil Embargoes didn't cause it. The inflation of the 1970s was caused by an expansion in the money supply. That begs the question, of course, why the Fed increased the money supply - and that's another issue altogether.
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Old 07-01-2019, 09:48 AM
 
74 posts, read 14,221 times
Reputation: 25
US residents pay Obama care but illegals get healthcare free...... Lol. Casino hotelS are choking on healthcare costs.

July 14-21. What's causing SIG mgm room rates to be so high? NFL draft in town?
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Old 07-01-2019, 10:40 AM
 
Location: Tucson/Nogales
17,370 posts, read 21,213,499 times
Reputation: 24177
I last played the slots, the old-fashioned penny slots where you plug in pennies, at the Western on Fremont, and when the penny slots disappeared that was the end of my gambling in Las Vegas. Those old-fashioned slots machines were fun, fun, fun! How I wish they'd bring them back!

I walked my ferrets on the Las Vegas Strip for a number of years, but when they put the new rules in place, it made it more difficult for me to do that, as, before I left last year, you could only walk pets between 5am and noon, and ferrets are nocturnal, can't walk them during the daytime.

2 negatives for me!

After being away a year now, I had promised to return only if the light rail line was built between the Airport and downtown, and since that is not about to happen, I'll continue on with my L.A. getaways where I can ride the rails all day for $7.

I haven't really run into many who go to Vegas from Tucson, as many Tucsonians head west to Ajo and then south to Rocky Point/Puerto Penasco. 2 of my neighbors here have homes there. If You want to go to the ocean, from Tucson, Rocky Point is a lot closer than San Diego.

As far as the future of Las Vegas, there's an Oscar Wilde aphorism that has more weight and truth than you'd expect, it goes: Nothing succeeds like excess!
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Old 07-01-2019, 10:50 AM
EA
 
Location: Las Vegas
6,178 posts, read 5,200,969 times
Reputation: 6844
Quote:
Originally Posted by Merry Lee Gather View Post

I seem to recall we used to agree with each other on those points in 2016. Not sure what changed your mind since then, but I hope it's not because you read 4 chan too. Before it starts don't @me with that great awakening bs. It's 24/7 conspiracy propaganda.

/o

4 chan is garbage and always has been. I didn't like it 15 years ago. I don't like it now.
What changed my views was opening a business and doing the math.
I stopped being a victim and started being productive.
I learned what value meant. I started looking into the root causes of our problems.

No one else formed my opinion for me. I don't watch the news. I don't have cable or antenna. I don't go on reddit. I damn sure don't go on 4chan.

Go try and start a business. Start running the numbers on your expenses. See how much goes to the wasteful government. Start looking into all the wasteful spending of the government.
Government involvement makes every single thing worse.
I don't want any government involvement in anything.
I don't want them in my healthcare.
I don't want them in my college.
I don't want them in my education system.
I don't want them in my business.
I don't want them anywhere near me for any reason.
I don't want to pay taxes at all for any reason. I don't want public schools. I don't want public roads. I don't want anything from the government.
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Old 07-01-2019, 02:09 PM
 
Location: Studio City, CA 91604
2,692 posts, read 2,971,834 times
Reputation: 4808
Quote:
Originally Posted by RationalExpectations View Post
Everyone with an IQ above room temperature knows there are added fees & taxes every single time they book a car rental, hotel room, airline ticket, or ticket to a live show. This is true everywhere across the nation and much of the world.

This isn't a Las Vegas issue - it is an issue across the country. Here's an article about NYC:

Watch Out For These Hidden Hotel Fees On Your Next NYC Stay


Huge difference though: NYC is the global financial/fashion/literary/commercial capital of the Western world. People have to go to NYC. They always will.

Nobody has to go to LV.

LV saying its going to enact ridiculous fees/taxes on visitors with the line of reasoning "...well, NY, LA and SF do it, so we should too" isn't going to fly.


It's like a Stripper trying to argue that they have the same relevance as a Nurse Practitioner.
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Old 07-01-2019, 02:46 PM
 
483 posts, read 120,910 times
Reputation: 224
I can think of 6.6 million people that "had" to come to LV in 2018.
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Old 07-01-2019, 03:11 PM
 
Location: BFE
1,292 posts, read 424,908 times
Reputation: 3963
Quote:
Originally Posted by EA View Post
2 Idiots from California voting for the same crap they're fleeing.
This, right here, so hard.
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Old 07-01-2019, 04:52 PM
 
Location: Tampa & Las Vegas
83 posts, read 25,925 times
Reputation: 192
Well, crap, yet another WORTHLESS utube video.

That's 13 minutes I'm never getting back.

The vlogger does not understand business, let alone the unique, dynamic LV business models.

He has no knowledge of automation; to even imply that LV has too much of it is laughable. Go to Tokyo or Singapore then tell me how LV is too automated.

Yes, Mario and Vito are out and corporate America is in...OK. Nothing new about that.

Yes, prices are going up. Shopped for groceries, cars, clothes, furniture or appliances ANYWHERE in the country? Whaddya know, the prices are up there too.

Oh, well, back to the real entertainment - the replies in this thread!

-von
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Old 07-01-2019, 05:42 PM
 
26 posts, read 36,453 times
Reputation: 20
Quote:
Originally Posted by EA View Post
4 chan is garbage and always has been. I didn't like it 15 years ago. I don't like it now.
What changed my views was opening a business and doing the math.
I stopped being a victim and started being productive.
I learned what value meant. I started looking into the root causes of our problems.

No one else formed my opinion for me. I don't watch the news. I don't have cable or antenna. I don't go on reddit. I damn sure don't go on 4chan.

Go try and start a business. Start running the numbers on your expenses. See how much goes to the wasteful government. Start looking into all the wasteful spending of the government.
Government involvement makes every single thing worse.
I don't want any government involvement in anything.
I don't want them in my healthcare.
I don't want them in my college.
I don't want them in my education system.
I don't want them in my business.
I don't want them anywhere near me for any reason.
I don't want to pay taxes at all for any reason. I don't want public schools. I don't want public roads. I don't want anything from the government.
Sounds libertarian to me

Quote:
Originally Posted by VonZimmer View Post
Well, crap, yet another WORTHLESS utube video.

That's 13 minutes I'm never getting back.

The vlogger does not understand business, let alone the unique, dynamic LV business models.

He has no knowledge of automation; to even imply that LV has too much of it is laughable. Go to Tokyo or Singapore then tell me how LV is too automated.

Yes, Mario and Vito are out and corporate America is in...OK. Nothing new about that.

Yes, prices are going up. Shopped for groceries, cars, clothes, furniture or appliances ANYWHERE in the country? Whaddya know, the prices are up there too.

Oh, well, back to the real entertainment - the replies in this thread!

-von
Do you really sign all of your posts?
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Old 07-01-2019, 06:27 PM
 
401 posts, read 71,604 times
Reputation: 553
Quote:
Originally Posted by Drkness View Post
Tell me about it, I hadn't gone to the strip since 2014 and after being there yesterday it makes me never want to step foot in it again. Between the $13 parking for a couple hours, $15 tequila shots, ****ty odds, $7 ATM fee and the high resort fees; Its safe to say i can see another recession like situation occurring within the next 5-10 years.

It almost seems as if all businesses are relying on the legalized marijuana and the stadium to keep them afloat, I just can't see that happening when its literally cheaper to go to ie; Miami, Hawaii and gamble/get a room without having to be worried about being nickeled and dimed to death. I personally feel as if the stadium isn't going to keep Vegas from another recession SPECIALLY once marijuana is legalized rec nationally which is inevitable.

What I find nowadays is in pretty much everything in modern life, not just in Vegas...


They push everything right up to the absolute bearable limit.


They stack straw on the camel's back, and marketing or AI tells them when just one more straw will be too much.


Thx
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