economics etc.

[highfigh]

If they would rather die they had better do it and decrease the surplus population”

The million who died must have affected SS by not living through their payout.

 

[cpp]

The million who died must have affected SS by not living through their payout.

that's pretty much the way I see it. Let the older age die off so the Goberment can use whatever soc sec is left on wars, giving it to other countries and their salaries. Thay can talk all they want, but tax paying Citizens it appears is not their priority. IF it was, the debt would be going down and the prices of goods and services and everything else would be lower.

 

[highfigh]

that's pretty much the way I see it. Let the older age die off so the Goberment can use whatever soc sec is left on wars, giving it to other countries and their salaries. Thay can talk all they want, but tax paying Citizens it appears is not their priority. IF it was, the debt would be going down and the prices of goods and services and everything else would be lower.

They don't take SS money but they may borrow it.

Did you see Woody Harrelson's monologue on SNL? It was interesting and I generally don't listen to anything he says.

Congress and POTUS have pet projects and their agendas and we aren't it. They say we are, but if someone looks at what they do and how they spend money, it's not what the country needs. The US has millions who are dependent on aid when they should be able to get a decent job, but they didn't finish school, graduated without being literate or able to do basic math, are the product of drug and alcohol abuse whether by themselves or parents/family members and the abuse that came with it. Now, the recent spike in car theft/carjacking is driving auto insurance cost up more than any single factor ever and low income people will have another reason they can't afford it (the increase for this year is roughly 13%). What has Congress said about it? I don't know, I haven't seen any comments from them although I saw a news report showing a comment from Biden saying that carjackers should be punished to the full extent.

I won't hold my breath, waiting to see Congress improve their approval rating.

What will be done about WalMArt, the largest retail chain, closing many stores? I expect nothing and I expect most others expect the same.

 

[cpp]

What will be done about WalMArt, the largest retail chain, closing many stores? I expect nothing and I expect most others expect the same.

Well the One Fla Walmart that is closing in Pinellas CTY Fla, is a "original Walmart and .82 miles down the road is a newer Superwalmart. Easy to see the reason here.

 

[cpp]

And the Walmart closing in 301 San Mateo Blvd. SE, Albuquerque. Well if you read about the area, its a rich crime zone. But there are still many Walmarts close by in Albuquerque. I see these 8 Walmart closings as a overbuild by Walmart,. So what can be done, if the business is losing money at certain stores, they built them and they can close them if they are losing money. Why keep any business open, if the income doesn't pay for the out lay in dollars in wages, medical, utilities, taxes and salaries, upkeep etc.. But I feel in the two examples I noted, Walmart either overbuilt the area on purpose or built a SuperWalmart close by. They put themselves out of business in each one of those stores.

 

[highfigh]

Well the One Fla Walmart that is closing in Pinellas CTY Fla, is a "original Walmart and .82 miles down the road is a newer Superwalmart. Easy to see the reason here.
View attachment 60659

They're closing two in Portland, OR. Knowing the location of the one they're closing in MKE, I think I know why- all of the WalMart stores in MKE are hit hard, by shoplifters. The parking lot at the one close to me (where I go because it's safer than the next closest) has been absolutely loaded with trash. I saw an SUV at the other nearby store with bullet holes in the side and a bunch of cops searching the parking lot for bullet slugs after a guy shot at his ex girlfriend while she had several kids in the vehicle, so..... They constantly have fights, shoplifting losses and many of the employees are indifferent to much, aside from chatting with other employees or wandering aimlessly, but OTOH, others have been extremely helpful and friendly- I think the manager needs to spend less time in the office and start training people better- I don't like firing people to be the first response to a complaint.

Maybe smaller WalMart Express stores would be better than closing since many people buy most of their groceries at those stores.

 

[Dude#1279435]

One thing I don't understand is if the interest rate has been raised 10 times in the last year, won't it show up eventually?

It's this cat-and-mouse over the last 6-12 months I've seen with Fox Business etc saying there is a recession looming and yet things, at least on the surface, seem stable. Sure, not great, but it doesn't feel like a complete catastrophe. Yet.

 

[Dude#1279435]

Be interesting to know what can be done to make cuts outside SS. Posts from the comment section I thought were interesting.

The debt ceiling melodrama is a Uniparty diversion from reality

There is no real resistance in D.C. to the growth of government and money printing fiasco.

www.dossier.today

It’s because US Fiat currency debt is seen as ‘more safe’ than any other countries fiat currency debt, and that debt issuance underscored/propped up by barrel of the gun (strongest military on earth). If either one of those dynamics change, then yes, you should worry. If Trump or Biden win (or any Uniparty candidate) then keep on squirreling away some gold. If not for yourself, for your kin. Suggest a fireproof safe and bolt it to the floor
-----
The USA Fiat printed $ (US dollar) still has to be ‘bought up’ by other Fiat Currencies from other countries in form of US Treasury issued debt, and in our case China is our largest creditor. As long as countries keep on buying up US treasury issued debt the party continues. So ‘it’s all of us’ that participate in use of fiat currency as a medium of exchange that give the currency value. If you remove the debt ceiling then there is no ‘check’ on how high the $ printing (and hope that all of us buy up that debt). The chart Jordan shows is brilliant and underscores that accumulated $ fiat currency debt just keeps on getting bigger and higher. US has been on top in this debt issuance and other countries buy up, for many decades (my whole life). But can it last? The BRIC countries (Brasil, Russia, India. China) would like to create a bucket of Fiat Currencies they issue, to supplant US dollar as the go-to for world governments and citizenry to buy, instead of US debt. That is a long game, now in process. If it succeeds, US debt issuance will be less attractive, and if you print fiat $ and you can’t sell the resulting debt then you get hyperinflation. Too much fiat printed $ and too few goods and services to purchase with that printed $, results in inflation tax on all holders of that Fiat currency. Look at countries across Central and South America to see really crippling inflation from this practice. Sri Lanka and Pakistan are other examples of massive inflation. During Covid, many companies received Fiat Currency ‘relief payments’. But did they use that $$ to make investments and produce new goods and services (as was hoped to stimulate economy). Some did, but a whole bunch of them simply used that $ to buy back their own shares from public market. And by doing so decreased the # of their shares outstanding and remaining shares for that company increased in on-price price.
-----
The other part of this. In order for USA debt / fiat currency to be the most attractive in the world for creditors to buy up (and therefore keep the gravy train of benefits to USA citizens), the US must keep and maintain the strongest military in the world, and use it continuously. The perpetual funding of the Military Industrial Complex and resulting armaments/blue water navy, nuclear subs, help deter rise of other nations, and as such no other country fiat currency/debt issuance can supplant that of USA.

This is lens in how I view what’s going on in Ukraine. It hits two plus markers for US global hegemony. Funding for more military and simultaneously weaken the currency of one of the BRICS (Russia). USA brought on this war (in my view) by expanding NATO ever eastward, including installing pro western government in Ukraine in 2014. See this link, where USA and 30 other countries are now placing ‘economic sanctions’ on Russia exports/ freezing of fiat currency assets they hold in banks around the globe. That’s a warning to the world don’t mess with USA fiat currency.

https://apnews.com/article/russia-ukraine-us-department-of-the-treasury-government-janet-yellen-business-f85483ad976990a056c9bfc6b504a07d

 

[FrankieBnm]

Be interesting to know what can be done to make cuts outside SS. Posts from the comment section I thought were interesting.

The debt ceiling melodrama is a Uniparty diversion from reality

There is no real resistance in D.C. to the growth of government and money printing fiasco.

www.dossier.today

View attachment 62145

It’s because US Fiat currency debt is seen as ‘more safe’ than any other countries fiat currency debt, and that debt issuance underscored/propped up by barrel of the gun (strongest military on earth). If either one of those dynamics change, then yes, you should worry. If Trump or Biden win (or any Uniparty candidate) then keep on squirreling away some gold. If not for yourself, for your kin. Suggest a fireproof safe and bolt it to the floor
-----
The USA Fiat printed $ (US dollar) still has to be ‘bought up’ by other Fiat Currencies from other countries in form of US Treasury issued debt, and in our case China is our largest creditor. As long as countries keep on buying up US treasury issued debt the party continues. So ‘it’s all of us’ that participate in use of fiat currency as a medium of exchange that give the currency value. If you remove the debt ceiling then there is no ‘check’ on how high the $ printing (and hope that all of us buy up that debt). The chart Jordan shows is brilliant and underscores that accumulated $ fiat currency debt just keeps on getting bigger and higher. US has been on top in this debt issuance and other countries buy up, for many decades (my whole life). But can it last? The BRIC countries (Brasil, Russia, India. China) would like to create a bucket of Fiat Currencies they issue, to supplant US dollar as the go-to for world governments and citizenry to buy, instead of US debt. That is a long game, now in process. If it succeeds, US debt issuance will be less attractive, and if you print fiat $ and you can’t sell the resulting debt then you get hyperinflation. Too much fiat printed $ and too few goods and services to purchase with that printed $, results in inflation tax on all holders of that Fiat currency. Look at countries across Central and South America to see really crippling inflation from this practice. Sri Lanka and Pakistan are other examples of massive inflation. During Covid, many companies received Fiat Currency ‘relief payments’. But did they use that $$ to make investments and produce new goods and services (as was hoped to stimulate economy). Some did, but a whole bunch of them simply used that $ to buy back their own shares from public market. And by doing so decreased the # of their shares outstanding and remaining shares for that company increased in on-price price.
-----
The other part of this. In order for USA debt / fiat currency to be the most attractive in the world for creditors to buy up (and therefore keep the gravy train of benefits to USA citizens), the US must keep and maintain the strongest military in the world, and use it continuously. The perpetual funding of the Military Industrial Complex and resulting armaments/blue water navy, nuclear subs, help deter rise of other nations, and as such no other country fiat currency/debt issuance can supplant that of USA.

This is lens in how I view what’s going on in Ukraine. It hits two plus markers for US global hegemony. Funding for more military and simultaneously weaken the currency of one of the BRICS (Russia). USA brought on this war (in my view) by expanding NATO ever eastward, including installing pro western government in Ukraine in 2014. See this link, where USA and 30 other countries are now placing ‘economic sanctions’ on Russia exports/ freezing of fiat currency assets they hold in banks around the globe. That’s a warning to the world don’t mess with USA fiat currency.
-----
I would not link all of this to these events because the economic aspect of our country is more serious. When I was in college, I studied the possible prospects of our economy, but I could not understand it entirely and decided to turn to a research paper service. By taking help from https://paperell.net/research-paper-writing-service I was not only able to get a good grade but also got a professional view on the topic I was interested in. The conclusions that were drawn in this paper opened my eyes to many things. I hope that by the time our economy comes to the brink, the right person will be at the helm and will be able to prevent a catastrophe.

These comments are really interesting. All this resembles a soap bubble that will destroy everything around it when it bursts. upd I also read the rest of the comments in the article. Enough weird people out there.

 

[PaulMcNugets]

highfigh said-

The rise in tuition AND the way college was sold as the thing for ALL students to do is criminal. I think many of the colleges and unis should refund the tuition, not the lenders via government.

Private colleges are incredibly expensive, far more than state schools, but we also need to look at how the school funding was slashed by the Federal government, too. That was one of the worst things they have done.

I paid more/quarter in 1975-'79 (full year was three quarters, with Summer being optional) than the local WI university charged/year and now, it's $14,428 for 12-19 credits, and $753 for each additional credit hour. The do have many financial aid programs and scholarships, though- their site shows that reduces the cost by over 40% but they offer ZERO curriculum for students who want to study something that has no possibility of a job or a future.

Boy that's a good research project. Why do "private" unis cost more than "public"? Better teachers? Just seems to me if the market is doing its thing it would be lower.

Ideally there would be no federal aid for school. 4.0's would get their free ride from private donation. (Athletes too since what the people seek -- sports -- is what they get.) This is a fairy tale though.

I don't think students should be reimbursed. It's a business, and if students and parents don't research what they're getting themselves into than that's their own problem. If they want to pay a ton for the college experience than that's their deal.

I like what one of the local unis is doing. They have no extra curricular activities, and at the time it cost about $7-10K per year.

Edit: I take that back. A free ride for athletes was pretty stupid. SMH. If they have the GPA than that's different.

The issue of rising tuition costs and the perceived misrepresentation of college as the essential next step for all students is indeed a complex and contentious one.

1. Rising Tuition Costs: Over the decades, tuition fees have surged dramatically, often outpacing inflation and wage growth. This is particularly true for private colleges, which generally charge higher fees than public institutions. The reasons for this are multifaceted, including increased administrative costs, the expansion of campus facilities, and the rising salaries of faculty and staff.
2. Federal Funding Cuts: The reduction in federal funding for higher education has undeniably impacted public universities, forcing them to increase tuition to cover budget shortfalls. This shift in funding burdens students and their families, making higher education less accessible for many.
3. Financial Aid and Scholarships: While financial aid and scholarships can significantly reduce the cost of attendance, not all students are eligible for these programs. Additionally, the complexity and competitiveness of obtaining financial aid can be a barrier in itself.
4. Curriculum and Employment Prospects: The focus on curriculums that lead directly to employment is a double-edged sword. On one hand, it ensures that students have viable career paths post-graduation. On the other hand, it sidelines disciplines that are equally valuable but may not have immediate or obvious job prospects, such as the arts and humanities.
5. Private vs. Public Institutions: The higher costs associated with private universities are often attributed to factors such as smaller class sizes, more personalized education, and greater resources. However, this does not necessarily equate to better education or outcomes for all students. Public universities often offer comparable quality of education at a lower cost due to state funding and larger student bodies.

 

[tensyo]

highfigh said-

The rise in tuition AND the way college was sold as the thing for ALL students to do is criminal. I think many of the colleges and unis should refund the tuition, not the lenders via government.

Private colleges are incredibly expensive, far more than state schools, but we also need to look at how the school funding was slashed by the Federal government, too. That was one of the worst things they have done.

I paid more/quarter in 1975-'79 (full year was three quarters, with Summer being optional) than the local WI university charged/year and now, it's $14,428 for 12-19 credits, and $753 for each additional credit hour. The do have many financial aid programs and scholarships, though- their site shows that reduces the cost by over 40% but they offer ZERO curriculum for students who want to study something that has no possibility of a job or a future.

Boy that's a good research project. Why do "private" unis cost more than "public"? Better teachers? Just seems to me if the market is doing its thing it would be lower.

Ideally there would be no federal aid for school. 4.0's would get their free ride from private donation. (Athletes too since what the people seek -- sports -- is what they get.) This is a fairy tale though.

I don't think students should be reimbursed. It's a business, and if students and parents don't research what they're getting themselves into than that's their own problem. If they want to pay a ton for the college experience than that's their deal.

I like what one of the local unis is doing. They have no extra curricular activities, and at the time it cost about $7-10K per year.

Edit: I take that back. A free ride for athletes was pretty stupid. SMH. If they have the GPA than that's different.

Society must rethink its values and investments in education because investments in knowledge and wisdom are investments in the future of all humanity. A wise state supports and stimulates education for all its citizens, not just for those who can afford high tuition fees

 

[PaulMcNugets]

highfigh said-

The rise in tuition AND the way college was sold as the thing for ALL students to do is criminal. I think many of the colleges and unis should refund the tuition, not the lenders via government.

Private colleges are incredibly expensive, far more than state schools, but we also need to look at how the school funding was slashed by the Federal government, too. That was one of the worst things they have done.

I paid more/quarter in 1975-'79 (full year was three quarters, with Summer being optional) than the local WI university charged/year and now, it's $14,428 for 12-19 credits, and $753 for each additional credit hour. The do have many financial aid programs and scholarships, though- their site shows that reduces the cost by over 40% but they offer ZERO curriculum for students who want to study something that has no possibility of a job or a future.

Boy that's a good research project. Why do "private" unis cost more than "public"? Better teachers? Just seems to me if the market is doing its thing it would be lower and fast cash advance app are really good nowadays.

Ideally there would be no federal aid for school. 4.0's would get their free ride from private donation. (Athletes too since what the people seek -- sports -- is what they get.) This is a fairy tale though.

I don't think students should be reimbursed. It's a business, and if students and parents don't research what they're getting themselves into than that's their own problem. If they want to pay a ton for the college experience than that's their deal.

I like what one of the local unis is doing. They have no extra curricular activities, and at the time it cost about $7-10K per year.

Edit: I take that back. A free ride for athletes was pretty stupid. SMH. If they have the GPA than that's different.

Agree with your message!