• Re: modems and community

    From IB Joe@VERT/JOESBBS to Ogg on Thu Mar 11 12:29:00 2021
    On 11 Mar 2021, Ogg said the following...

    ** On Wednesday 10.03.21 - 20:57, IB Joe wrote to Boraxman:

    ... Something catastrophic is in the working. Analog
    modems and community BBSes are about to become real hot
    again.

    The copper has been pulled from a significant portion of the
    network. The internet is awash with too much junk code to make
    using it at 56K bearable.

    I don't think so... As I sip my coffee and look out my window waiting for the world to end...

    IB Joe
    AKA Joe Schweier
    SysOp of Joe's BBS
    -=JoesBBS.com=-

    --- Mystic BBS v1.12 A47 2021/01/16 (Raspberry Pi/32)
    * Origin: JoesBBS.Com, Telnet:2323 SSH:2222 HTTP:80
  • From Andeddu@VERT/AMSTRAD to IB Joe on Thu Mar 11 23:16:25 2021
    Re: Re: modems and community
    By: IB Joe to Ogg on Thu Mar 11 2021 12:29 pm

    The copper has been pulled from a significant portion of the
    network. The internet is awash with too much junk code to make
    using it at 56K bearable.

    I don't think so... As I sip my coffee and look out my window waiting for the world to end...

    IB Joe

    Whoever thought that Ham Radio and BBSes would be the future? I guess all this vintage equipment I have may end up being worth something.

    ---
    ■ Synchronet ■ BBS for Amstrad computer users including CPC, PPC and PCW!
  • From IB Joe@VERT/JOESBBS to Andeddu on Fri Mar 12 07:06:00 2021
    On 11 Mar 2021, Andeddu said the following...

    Whoever thought that Ham Radio and BBSes would be the future? I guess
    all this vintage equipment I have may end up being worth something.
    ---

    I did... I'm like a Boy Scout... Prepared I guess... People who've read or saw the movie called 1984 saw this coming. Orwell can be seen as a profit now... The working class never thought the Democrats would have thrown them under the bus as hard as they did.... I saw that because I saw/read Orwell's 1984... Those poor bitches... Not sure what hit them harder... The Bus or the reality that the Democrats are JFK's party anymore...

    Anyway, a 1/2 naked wise man once told a fully clothed man named Wayne.... T Build it and they will come.... so here I am... a little more disk space than before... more RAM... DOS emulators instead of the real thing... TCP/IP instead of NetBEUI... but I'm here... waiting for the Zombie Apocalypse...

    I also carry a condom in case one of the female Zombies still thinks SysOps are sexy...

    Signed Always Sexy!!!

    IB Joe
    AKA Joe Schweier
    SysOp of Joe's BBS
    -=JoesBBS.com=-

    --- Mystic BBS v1.12 A47 2021/01/16 (Raspberry Pi/32)
    * Origin: JoesBBS.Com, Telnet:2323 SSH:2222 HTTP:80
  • From Andeddu@VERT/AMSTRAD to IB Joe on Fri Mar 12 18:15:59 2021
    Re: Re: modems and community
    By: IB Joe to Andeddu on Fri Mar 12 2021 07:06 am

    I did... I'm like a Boy Scout... Prepared I guess... People who've read or saw the movie called 1984 saw this coming. Orwell can be seen as a profit now... The working class never thought the Democrats would have thrown them under the bus as hard as they did.... I saw that because I saw/read Orwell's 1984... Those poor bitches... Not sure what hit them harder... The Bus or the reality that the Democrats are JFK's party anymore...

    Anyway, a 1/2 naked wise man once told a fully clothed man named Wayne.... T Build it and they will come.... so here I am... a little more disk space than before... more RAM... DOS emulators instead of the real thing... TCP/IP instead of NetBEUI... but I'm here... waiting for the Zombie Apocalypse...

    I also carry a condom in case one of the female Zombies still thinks SysOps are sexy...


    I think I am ahead of the curve also, perhaps not as much as you though. When you throw in the current national political climate, the geo-political situation, national/international finance along with concerning economic factors and Covid 19... we are going to be in a world of hurt. At least the next couple of years are going to be interesting! Never a dull moment, here.

    ---
    ■ Synchronet ■ BBS for Amstrad computer users including CPC, PPC and PCW!
  • From IB Joe@VERT/JOESBBS to Andeddu on Sat Mar 13 08:45:00 2021
    On 12 Mar 2021, Andeddu said the following...

    I think I am ahead of the curve also, perhaps not as much as you though. When you throw in the current national political climate, the geo-political situation, national/international finance along with concerning economic factors and Covid 19... we are going to be in a
    world of hurt. At least the next couple of years are going to be interesting! Never a dull moment, here. ---

    Part that pisses me off is that, at least in North America, the goal was to leave the country in better shape than we found it....

    Don't think it's going to happen this time... At least for my grandchildren,,, alls they'll have to do is wakeup and breath to pass it off to the next generation better than we gave it to them.

    IB Joe
    AKA Joe Schweier
    SysOp of Joe's BBS
    -=JoesBBS.com=-

    --- Mystic BBS v1.12 A47 2021/01/16 (Raspberry Pi/32)
    * Origin: JoesBBS.Com, Telnet:2323 SSH:2222 HTTP:80
  • From Andeddu@VERT/AMSTRAD to IB Joe on Sun Mar 14 17:42:20 2021
    Re: Re: modems and community
    By: IB Joe to Andeddu on Sat Mar 13 2021 08:45 am

    Part that pisses me off is that, at least in North America, the goal was to leave the country in better shape than we found it....

    Don't think it's going to happen this time... At least for my grandchildren,,, alls they'll have to do is wakeup and breath to pass it off to the next generation better than we gave it to them.


    It's the same everywhere else in the West. There's not way in which we can pick up the pieces of our civilisation and return to simpler times, such as the 70s or 80s. We do need a severe economic contraction to burst the "everything bubble", undergo market corrections and normalize rates. It'll be painful for a lot of people but it's genuinely the only way to fix this mess.

    ---
    ■ Synchronet ■ BBS for Amstrad computer users including CPC, PPC and PCW!
  • From IB JOE@VERT/JOESWINS to ANDEDDU on Mon Mar 15 11:46:00 2021

    It's the same everywhere else in the West. There's not way in which we can pick
    up the pieces of our civilisation and return to simpler times, such as the 70s
    or 80s. We do need a severe economic contraction to burst the "everything bubble", undergo market corrections and normalize rates. It'll be painful for a
    lot of people but it's genuinely the only way to fix this mess.

    This will be different than a bust or contraction... They powers to be
    are up to something...

    :)

    Joe
    ---
    ■ wcQWK 8.0
  • From poindexter FORTRAN@VERT/REALITY to Andeddu on Mon Mar 15 07:12:00 2021
    Andeddu wrote to IB Joe <=-

    It's the same everywhere else in the West. There's not way in which we
    can pick up the pieces of our civilisation and return to simpler times, such as the 70s or 80s. We do need a severe economic contraction to
    burst the "everything bubble", undergo market corrections and normalize rates. It'll be painful for a lot of people but it's genuinely the only way to fix this mess.

    I could imagine the dollar losing its place as a reserve currency, a dump-
    off of USD and massive inflation setting the stage for a revolution as the haves try to keep what they have on the way down, at the continued expense
    of the have-nots.

    That would set the stage either for another fascist regime (and woe be to
    the scapegoat this time) or hopefully, a populist revolution. I'm worried
    for my kids of the former.

    I'll be 100 in 2065, I wonder what the world will look like then?


    ... Change ambiguities to specifics
    --- MultiMail/DOS v0.52
    ■ Synchronet ■ realitycheckBBS -- http://realitycheckBBS.org
  • From Andeddu@VERT/AMSTRAD to IB JOE on Tue Mar 16 12:47:54 2021
    Re: Re: modems and community
    By: IB JOE to ANDEDDU on Mon Mar 15 2021 11:46 am

    This will be different than a bust or contraction... They powers to be
    are up to something...

    :)

    Joe

    I was talking about what would happen under "normal" conditions. We are well overdue a market correction and it still hasn't happened. They are, for some reason, holding our zombie economies together, keeping us on life support against the will of basic economic theory. This will result in dire consequences.

    ---
    ■ Synchronet ■ BBS for Amstrad computer users including CPC, PPC and PCW!
  • From Andeddu@VERT/AMSTRAD to poindexter FORTRAN on Tue Mar 16 13:15:14 2021
    Re: Re: modems and community
    By: poindexter FORTRAN to Andeddu on Mon Mar 15 2021 07:12 am

    I could imagine the dollar losing its place as a reserve currency, a dump- off of USD and massive inflation setting the stage for a revolution as the haves try to keep what they have on the way down, at the continued expense of the have-nots.

    That would set the stage either for another fascist regime (and woe be to the scapegoat this time) or hopefully, a populist revolution. I'm worried for my kids of the former.

    I'll be 100 in 2065, I wonder what the world will look like then?


    The goverment and Federal Reserve must be aware now that they're dangerously close to losing the dollar's reserve status. If that happens, the US will, in all likelihood, become a third world country overnight. Imported goods, which are what the US relies on as an advanced consumer based economy, will skyrocket in price resulting in a run on the banks and supermarkets. This will destabilise the economy and society as a whole. The government will likely be forced to invoke the Defence Production Act and seize the country's resources for the purposes of redistribution. I reckon those involved in trying to overthrow the goverment will be denied access to necessities; therefore it'll be in the interest of the people to remain in line until supply-chains are rebilt and some form of economic stability restored. Dennisk, who used to post here, spoke of a soon-to-be massive and permanent drop in Western living standards, and I would have to agree with him.

    ---
    ■ Synchronet ■ BBS for Amstrad computer users including CPC, PPC and PCW!
  • From IB Joe@VERT/JOESBBS to Andeddu on Tue Mar 16 10:28:00 2021
    On 16 Mar 2021, Andeddu said the following...

    I was talking about what would happen under "normal" conditions. We are well overdue a market correction and it still hasn't happened. They are, for some reason, holding our zombie economies together, keeping us on
    life support against the will of basic economic theory. This will result in dire consequences.
    ---

    I fully understand regular, or normal, market contraction/reactions. I was in the financial industry for the better part of my adult life.

    The Feds have take to printing money like it means nothing... and that's because it doesn't. Current administration is opening the boarder to anyone who wants to come... Now the US citizens, mainly the unskilled ones, will have more people to compete with for their jobs... Biden just canceled 1000s and 1000s of oil leases in the Gulf ... Not energy independent anymore... and they are talking the largest tax hikes then there has been in decades.

    It's not normal for a government to print money like this. It's not normal to go into debt like the way we are... In fact we're starting th freak out some of the countries in Europe...

    When the cost of high taxes kick in... Inflation... OMG, you think gas prices have increased a lot lately... just wait... Interest rates will clime and the economy will tank,

    I don't see a correction, or an overcorrection, I see a collapse. The money China gave the Bidens... Swalwell, Clintons, Pelosi, Mitch McConnel would have paid off.

    Kids, we are in a heap of trouble...

    IB Joe
    AKA Joe Schweier
    SysOp of Joe's BBS
    -=JoesBBS.com=-

    --- Mystic BBS v1.12 A47 2021/01/16 (Raspberry Pi/32)
    * Origin: JoesBBS.Com, Telnet:2323 SSH:2222 HTTP:80
  • From Tracker1@VERT/TRN to Andeddu on Wed Mar 17 04:12:27 2021
    On 3/16/2021 5:47 AM, Andeddu wrote:
    This will be different than a bust or contraction... They powers
    to be are up to something...

    I was talking about what would happen under "normal" conditions. We
    are well overdue a market correction and it still hasn't happened.
    They are, for some reason, holding our zombie economies together,
    keeping us on life support against the will of basic economic theory.
    This will result in dire consequences.

    I was thinking largely the same when the insurance and banking bailouts happened in 2008... my opinion was if an insurance company was stupid
    enough to give a policy on a position that didn't even include a
    stakeholder in that position, they absolutely deserve to fail.

    Same for the banks commingling junk mortgages into unrelated funds.

    The whole point of capitalism is there are risks, winners and losers. I
    don't like the government choosing said winners and losers for the most
    part. Unless, sometimes, if it involves keeping essential
    infrastructure working.
    --
    Michael J. Ryan - tracker1@roughneckbbs.com
    ---
    þ Synchronet þ Roughneck BBS - roughneckbbs.com
  • From Tracker1@VERT/TRN to Andeddu on Wed Mar 17 04:19:55 2021
    On 3/16/2021 6:15 AM, Andeddu wrote:

    The goverment and Federal Reserve must be aware now that they're
    dangerously close to losing the dollar's reserve status. If that
    happens, the US will, in all likelihood, become a third world
    country overnight.

    Right now, owning property (housing/land) even at inflated prices is
    your best bet to stay afloat... So much currency has been printed over
    the last two years it isn't funny, and even then won't counter the
    increased prices of most goods. I'm seeing pricing that is roughly 50%
    higher than a year and a half ago, and this isn't going away, inflation
    will accelerate and it's definitely not good.

    Imported goods, which are what the US relies on as an advanced consumer based economy, will skyrocket in price resulting in a run on the banks
    and supermarkets. This will destabilise the economy and society as a
    whole. The government will likely be forced to invoke the Defence
    Production Act and seize the country's resources for the purposes of redistribution.

    Unfortunately, I think some of this could very well happen and that
    there are those who absolutely want this "Great Economic Reset"

    I reckon those involved in trying to overthrow the goverment will be
    denied access to necessities; therefore it'll be in the interest of
    the people to remain in line until supply-chains are rebilt and some
    form of economic stability restored. Dennisk, who used to post here,
    spoke of a soon-to-be massive and permanent drop in Western living
    standards, and I would have to agree with him.

    Terrifyingly likely at this point. Yet, we keep propping up these
    massive banks and corporations, and businesses keep shipping production overseas to totalitarian regimes. The short sighted have been in
    control for too long at this point. We may be past the point of
    correction from the soap and ballot boxes and may switch more and more
    to ammo within the next decade or two. Probably the leading driver to
    gun control legislation.
    --
    Michael J. Ryan - tracker1@roughneckbbs.com
    ---
    þ Synchronet þ Roughneck BBS - roughneckbbs.com
  • From Tracker1@VERT/TRN to IB Joe on Wed Mar 17 04:37:33 2021
    On 3/16/2021 3:28 AM, IB Joe wrote:
    Biden just canceled 1000s and 1000s of oil leases in the Gulf ...
    Not energy independent anymore... and they are talking the largest
    tax hikes then there has been in decades.

    As to the oil leases, I'm not convinced it's a bad thing. US
    corporations operate oil extraction all over the world and preserving a
    lot of the domestic reserve is a decent strategy while it remains
    relatively cheap. Of course investment in fuel from agriculture will
    probably be the best longer term strategy, there are a lot of places
    to put effort, and making money domestically from being the last big
    resource in oil isn't necessarily a bad thing.

    As to taxes, the whole system needs to be reformed. Too many interests
    in keeping things complicated need to be reigned in, similar with many
    subsidy programs and for that matter welfare programs that should be
    collated together, and deeply reformed or reduced overhead.

    It's not normal for a government to print money like this. It's not
    normal to go into debt like the way we are... In fact we're starting
    th freak out some of the countries in Europe...

    No, it isn't... it's literally the only reason I'm happy I bought
    another house 2 years ago. After my second divorce in 2010, I had less interest in doing so. I kind of regret not over-reaching a bit and
    getting something a little nicer/bigger at the time. Debt is about the
    only way inflation works in your favor.

    When the cost of high taxes kick in... Inflation... OMG, you think gas prices have increased a lot lately... just wait... Interest rates will clime and the economy will tank,

    Yeah, definitely don't want to see $5/gallon again. I'm pretty happy
    where I am, but when recruiters are calling, I'm pricing myself out of
    95% of the jobs, because when it all crashes down, I'm good either
    staying put, or seeing a 25% increase in pay to offset the future. That
    and the more I price myself out of, and others, the more the market will adjust upwards.

    If I can teach my daughter anything, is it's okay to price yourself out
    of most jobs, as long as enough of them are still willing to go that
    high. Literally the only way salaries go up in practice.

    I don't see a correction, or an overcorrection, I see a collapse. The
    money China gave the Bidens... Swalwell, Clintons, Pelosi, Mitch
    McConnel would have paid off.

    Kids, we are in a heap of trouble...

    The tradewar was largely inevitable, and should have probably started
    over a decade ago... It may be almost too late at this point. Best we
    can hope for is bringing more tech production domestically even if it's Taiwanese and Korean owned companies. They know full well the risk from China.
    --
    Michael J. Ryan - tracker1@roughneckbbs.com
    ---
    þ Synchronet þ Roughneck BBS - roughneckbbs.com
  • From Andeddu@VERT/AMSTRAD to IB Joe on Wed Mar 17 17:31:55 2021
    Re: Re: modems and community
    By: IB Joe to Andeddu on Tue Mar 16 2021 10:28 am

    I fully understand regular, or normal, market contraction/reactions. I was in the financial industry for the better part of my adult life.

    The Feds have take to printing money like it means nothing... and that's because it doesn't. Current administration is opening the boarder to anyone who wants to come... Now the US citizens, mainly the unskilled ones, will have more people to compete with for their jobs... Biden just canceled 1000s and 1000s of oil leases in the Gulf ... Not energy independent anymore... and they are talking the largest tax hikes then there has been in decades.

    It's not normal for a government to print money like this. It's not normal to go into debt like the way we are... In fact we're starting th freak out some of the countries in Europe...

    When the cost of high taxes kick in... Inflation... OMG, you think gas prices have increased a lot lately... just wait... Interest rates will clime and the economy will tank,

    I don't see a correction, or an overcorrection, I see a collapse. The money China gave the Bidens... Swalwell, Clintons, Pelosi, Mitch McConnel would have paid off.

    Kids, we are in a heap of trouble...

    IB Joe
    AKA Joe Schweier

    I don't disagree with anything you've said, Joe. I foresee large economic instability in conjunction with other froms of crisis, both political and international.

    It's not normal to print currency like this, and it's happening in Europe as well. All this cheap money flooding the system is absolutely going to have a massive inflationary effect. We are already in the largest debt and investment bubble humanity has ever seen, kicked off by impossibly low interest rates along with the goverment foolishly backing financial institutions and investment banks. Everything in finance is intrinsically linked to everything else, that's why I am so worried. It won't take much for the proverbial shit to hit the fan.

    ---
    ■ Synchronet ■ BBS for Amstrad computer users including CPC, PPC and PCW!
  • From IB Joe@VERT/JOESBBS to Andeddu on Thu Mar 18 08:30:00 2021
    On 17 Mar 2021, Andeddu said the following...

    I don't disagree with anything you've said, Joe. I foresee large economic instability in conjunction with other froms of crisis, both political and international.

    This crisis has nothing to do with it... Well other than elected officials not letting it go to waist... You cannot print money like it means nothing because at some point it'll have no value... and we are on the cusp of that happening.

    It's not normal to print currency like this, and it's happening in
    Europe as well. All this cheap money flooding the system is absolutely going to have a massive inflationary effect. We are already in the
    largest debt and investment bubble humanity has ever seen, kicked off by impossibly low interest rates along with the goverment foolishly backing financial institutions and investment banks. Everything in finance is intrinsically linked to everything else, that's why I am so worried. It won't take much for the proverbial shit to hit the fan.

    Bla Bla Bla... Inflation has started to kick in... Taxes will be raised... Biden said so... Ford announced new plant being opened in Mexico... who didn't see that coming... All of the people who politicians say they are for, the working class, will pay the biggest price. It'll be the working class having to pay high fuel prices... it'll be the working class having to absorb the higher costs...

    This is real... and I wonder how the unions feel about Ford moving to Mexico after monolithically voting for Biden with his globalists views..

    Sipps coffee looks out the window and sighs in frustration

    IB Joe
    AKA Joe Schweier
    SysOp of Joe's BBS
    -=JoesBBS.com=-

    --- Mystic BBS v1.12 A47 2021/01/16 (Raspberry Pi/32)
    * Origin: JoesBBS.Com, Telnet:2323 SSH:2222 HTTP:80
  • From Andeddu@VERT/AMSTRAD to Tracker1 on Thu Mar 18 10:18:42 2021
    Re: Re: modems and community
    By: Tracker1 to Andeddu on Wed Mar 17 2021 04:12 am

    I was thinking largely the same when the insurance and banking bailouts happened in 2008... my opinion was if an insurance company was stupid
    enough to give a policy on a position that didn't even include a
    stakeholder in that position, they absolutely deserve to fail.

    Same for the banks commingling junk mortgages into unrelated funds.

    The whole point of capitalism is there are risks, winners and losers. I don't like the government choosing said winners and losers for the most part. Unless, sometimes, if it involves keeping essential
    infrastructure working.

    The nationalisation of Fannie May and Freddie Mac was incredibly foolish also. It removed the responsibility of the financial institutions to provide mortgages and loans to sound individuals with fixed incomes who were deemed likely to repay their debts.

    AIG deserved to go down however they were identified as "too big to fail" so were bailed out as not doing so would have resulted in the systemic collapse of the financial sector. Lehman Brothers were in a similar situation and many argue that their collapse caused more damage to the economy than a bailout ever could. It looked like Hank Paulson was anything but neutral. All of the Big 5 Wall St investment banks applied for funding under TARP (the Troubled Asset Relief Program) and only Lehman Brothers were denied. They allegedly required around 80 billion dollars to restore liquidity to become operational again, but there was an issue with their collateral being overvalued as a result of the mark-to-market accounting methodology they used. Goldman Sachs were given over 50 billion dollars as they were running into serious liquidity issues too. Hank, being an ex-Goldman Sachs CEO himself, had no trouble persuading Ben Bernanke, the Fed chairman, to green light the bail out.

    I agree with you that capitalism should have winners and losers. It's a rigged game, however. The winners are always the institutions and the losers are always the tax-paying public. It's socialism for them, capitalism for us. Letting the banks go under in 2008 would have caused a lot more short-term pain, but it would have been the market correction required to prevent the bubble we're in now, as interest rates would have gone up reducing public and institutional borrowing. All they ended up doing was kicking the can down the road.

    ---
    ■ Synchronet ■ BBS for Amstrad computer users including CPC, PPC and PCW!
  • From Andeddu@VERT/AMSTRAD to Tracker1 on Thu Mar 18 10:34:06 2021
    Re: Re: modems and community
    By: Tracker1 to Andeddu on Wed Mar 17 2021 04:19 am

    Right now, owning property (housing/land) even at inflated prices is
    your best bet to stay afloat... So much currency has been printed over
    the last two years it isn't funny, and even then won't counter the
    increased prices of most goods. I'm seeing pricing that is roughly 50% higher than a year and a half ago, and this isn't going away, inflation
    will accelerate and it's definitely not good.

    Unfortunately, I think some of this could very well happen and that
    there are those who absolutely want this "Great Economic Reset"

    Terrifyingly likely at this point. Yet, we keep propping up these
    massive banks and corporations, and businesses keep shipping production overseas to totalitarian regimes. The short sighted have been in
    control for too long at this point. We may be past the point of
    correction from the soap and ballot boxes and may switch more and more
    to ammo within the next decade or two. Probably the leading driver to
    gun control legislation.
    --

    Well I sure wouldn't be holding onto paper fiat right now as there is far too much volatility in the currency markets. Money velocity is fairly low at the moment due to the lockdowns which is suppressing inflation. People aren't spending their stimmy cheques and many are trying to squirrel away their furlough payments due to employment instability. Real inflationary hikes are yet to arrive. Because of this, most fund managers are bullish on gold and silver while being bearish on hard to liquidate assets such as property.

    I think we are past the point of correction now. Biden has zero interest in reinstating the USA's industrial and manufacturing sector.

    ---
    ■ Synchronet ■ BBS for Amstrad computer users including CPC, PPC and PCW!
  • From poindexter FORTRAN@VERT/REALITY to Andeddu on Wed Mar 17 06:09:00 2021
    Andeddu wrote to poindexter FORTRAN <=-

    The goverment and Federal Reserve must be aware now that they're dangerously close to losing the dollar's reserve status.

    If that
    happens, the US will, in all likelihood, become a third world country overnight. Imported goods, which are what the US relies on as an
    advanced consumer based economy, will skyrocket in price resulting in a run on the banks and supermarkets.

    I'm sure the ultra-wealthy will have their money safely stored away in
    vaults in New Zealand long before then.

    This will destabilise the economy
    and society as a whole. The government will likely be forced to invoke
    the Defence Production Act and seize the country's resources for the purposes of redistribution.

    If they don't, the people will.

    Dennisk, who used to post here, spoke of a soon-to-be massive and permanent drop in Western living standards, and I would have to agree
    with him.

    I concur - whether it's economic, climate-based or resource scarcity, it's going to get weird.


    ... If it isn't broken, I can fix it.
    --- MultiMail/DOS v0.52
    ■ Synchronet ■ realitycheckBBS -- http://realitycheckBBS.org
  • From poindexter FORTRAN@VERT/REALITY to Tracker1 on Fri Mar 19 05:09:00 2021
    Tracker1 wrote to Andeddu <=-

    The whole point of capitalism is there are risks, winners and losers.
    I don't like the government choosing said winners and losers for the
    most part. Unless, sometimes, if it involves keeping essential infrastructure working.

    Capitalism on the way up, socialize the losses on the way down. It's
    Cronyism, not capitalism.

    Businesses should be allowed to fail, and the capital freed for people to create new, better, more resilient businesses.


    ... What does it mean?
    --- MultiMail/DOS v0.52
    ■ Synchronet ■ realitycheckBBS -- http://realitycheckBBS.org
  • From Andeddu@VERT/AMSTRAD to IB Joe on Fri Mar 19 11:34:39 2021
    Re: Re: modems and community
    By: IB Joe to Andeddu on Thu Mar 18 2021 08:30 am

    Bla Bla Bla... Inflation has started to kick in... Taxes will be raised... Biden said so... Ford announced new plant being opened in Mexico... who didn't see that coming... All of the people who politicians say they are for, the working class, will pay the biggest price. It'll be the working class having to pay high fuel prices... it'll be the working class having to absorb the higher costs...

    This is real... and I wonder how the unions feel about Ford moving to Mexico after monolithically voting for Biden with his globalists views..

    Sipps coffee looks out the window and sighs in frustration.

    That's why protectionism is important. When you fall into the trap of globalism, you hollow out your country's manufacturing core resulting in extreme economic vulnerabilities. All those jobs are now lost resulting in even more people relying on govermnent handouts. A country cannot survive if it consumes but does not produce. The USA's balance of trade is a joke and gives you a window into just how weak the real economy really is.

    The furlough payments are nonsensical. There are people "earning" more unemployed than employed. These people produce nothing, they have added no goods or services to the economy and yet they can consume goods and services in the same proportions as if they were productive members of society. All this will do is drive up prices. If your work adds to the goods and services, and then you consume the goods and services you helped create, that is fine. If you start consuming goods and services without helping to create ANY of those goods and services, you just have more money chasing a diminished supply of goods and services and prices are going to go up.

    Inflation is going to work its way into the economy, and eventually into consumer prices; that is the final resting place for inflation, the end product. We are going to have a real shock when we see how high consumer prices are going to rise.

    Our day of reckoning is coming.

    ---
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  • From IB JOE@VERT/JOESWINS to ANDEDDU on Fri Mar 19 12:17:00 2021

    That's why protectionism is important. When you fall into the trap of globalism, you hollow out your country's manufacturing core resulting in extreme economic vulnerabilities. All those jobs are now lost resulting in even
    more people relying on govermnent handouts. A country cannot survive if it consumes but does not produce. The USA's balance of trade is a joke and gives
    you a window into just how weak the real economy really is.

    The furlough payments are nonsensical. There are people "earning" more unemployed than employed. These people produce nothing, they have added no goods or services to the economy and yet they can consume goods and services in
    the same proportions as if they were productive members of society. All this will do is drive up prices. If your work adds to the goods and services, and then you consume the goods and services you helped create, that is fine. If you
    start consuming goods and services without helping to create ANY of those goods
    and services, you just have more money chasing a diminished supply of goods and
    services and prices are going to go up.

    Inflation is going to work its way into the economy, and eventually into consumer prices; that is the final resting place for inflation, the end product. We are going to have a real shock when we see how high consumer prices
    are going to rise.

    Our day of reckoning is coming.
    .n

    I miss the country I grew up in...


    ---
    ■ wcQWK 8.0
  • From Dr. What@VERT/DMINE to IB JOE on Sat Mar 20 09:18:00 2021
    IB JOE wrote to ANDEDDU <=-

    I miss the country I grew up in...

    Most of us do.

    And when it all goes into the toilet, the "useful idiots" who wanted "hope and change" will miss it too.


    ... Good girls go to heaven. Bad girls go EVERYwhere.
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  • From IB Joe@VERT/JOESBBS to Dr. What on Sat Mar 20 09:03:00 2021
    On 20 Mar 2021, Dr. What said the following...
    I miss the country I grew up in...

    Most of us do.

    And when it all goes into the toilet, the "useful idiots" who wanted
    "hope and change" will miss it too.


    I don't think they'll be happy...

    IB Joe
    AKA Joe Schweier
    SysOp of Joe's BBS
    -=JoesBBS.com=-

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  • From Andeddu@VERT/AMSTRAD to poindexter FORTRAN on Sat Mar 20 11:49:50 2021
    Re: Re: modems and community
    By: poindexter FORTRAN to Andeddu on Wed Mar 17 2021 06:09 am

    I'm sure the ultra-wealthy will have their money safely stored away in vaults in New Zealand long before then.


    They will absolutely be storing their money (gold, silver, jewellery, fine art along with other high value assets) in vaults so that they can come out the other side on top after most of the middle class get completely vapourized.

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  • From Linuxdan@VERT/DMINE to poindexter FORTRAN on Fri Mar 19 19:39:00 2021
    poindexter FORTRAN wrote to Tracker1 <=-

    Tracker1 wrote to Andeddu <=-

    Businesses should be allowed to fail, and the capital freed for people
    to create new, better, more resilient businesses.

    Agreed!!!!


    ... Ninth rule of acquisition: Opportunity + instinct= profit
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  • From Dr. What@VERT/DMINE to IB Joe on Sun Mar 21 08:56:00 2021
    IB Joe wrote to Dr. What <=-

    And when it all goes into the toilet, the "useful idiots" who wanted
    "hope and change" will miss it too.

    I don't think they'll be happy...

    No, they won't. And many aren't today because they have finally figured out that they were used.


    ... Anything not nailed down is a cat toy.
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  • From IB Joe@VERT/JOESBBS to Dr. What on Sun Mar 21 10:54:00 2021
    On 21 Mar 2021, Dr. What said the following...


    I don't think they'll be happy...

    No, they won't. And many aren't today because they have finally figured out that they were used.


    Ford looking at moving a plant to Mexico... Union voters voted Joe in... now the policies are starting to kick in... companies are bolting. Jet Blue looking to move to Florida from New York.... Who couldn't see this coming...

    Biden looking to double the capital gains rate... look for a sell off in the market... He also said he wanted to put the corporate tax rate back to 30%... look for layoffs and companies moving out.... Money is fluid....

    :)

    IB Joe
    AKA Joe Schweier
    SysOp of Joe's BBS
    -=JoesBBS.com=-

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  • From Tracker1@VERT/TRN to Andeddu on Mon Mar 22 05:29:37 2021
    On 3/18/2021 3:18 AM, Andeddu wrote:

    I agree with you that capitalism should have winners and losers.
    It's a rigged game, however. The winners are always the institutions
    and the losers are always the tax-paying public. It's socialism for
    them, capitalism for us. Letting the banks go under in 2008 would have caused a lot more short-term pain, but it would have been the market correction required to prevent the bubble we're in now, as interest
    rates would have gone up reducing public and institutional borrowing.
    All they ended up doing was kicking the can down the road.

    Pretty much agreed. I don't have much of anything to add here, but
    appreciate your response.
    --
    Michael J. Ryan - tracker1@roughneckbbs.com
    ---
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  • From Tracker1@VERT/TRN to Andeddu on Mon Mar 22 05:37:00 2021
    On 3/18/2021 3:34 AM, Andeddu wrote:

    Well I sure wouldn't be holding onto paper fiat right now as there
    is far too much volatility in the currency markets. Money velocity
    is fairly low at the moment due to the lockdowns which is
    suppressing inflation. People aren't spending their stimmy cheques
    and many are trying to squirrel away their furlough payments due
    to employment instability. Real inflationary hikes are yet to
    arrive. Because of this, most fund managers are bullish on gold
    and silver while being bearish on hard to liquidate assets such
    as property.

    I can understand that... raw materials that have intrinsic value will
    always have that, at least until we can mine asteroids for cheap. It
    depends on where you are, and what your goals are. Most of those guys
    already have at least a residence property. for those that don't the correction will really leave them behind. If you have extra money, I
    pretty much agree that gold/silver are going to be a better bet than a
    CD, Savings or even stocks in the next couple years.

    I think we are past the point of correction now. Biden has zero
    interest in reinstating the USA's industrial and manufacturing
    sector.

    It's kind of sad... Literally none of the Democrat candidates other than
    Yank or Tulsi understood the populist draw that Trump had. The DNC establishment couldn't allow them to proceed. Ironically Yang's ideas
    were too out there at the time, and only months later would have likely
    been the best option on the Ballot had he made it that far. At least
    his positions would have been far better than the way the bailouts (err stimulus) bills came through in the end.
    --
    Michael J. Ryan - tracker1@roughneckbbs.com
    ---
    þ Synchronet þ Roughneck BBS - roughneckbbs.com
  • From poindexter FORTRAN@VERT/REALITY to Tracker1 on Tue Mar 23 07:24:00 2021
    Tracker1 wrote to Andeddu <=-

    I can understand that... raw materials that have intrinsic value will always have that, at least until we can mine asteroids for cheap.

    There's a science fiction book called "The Long Earth" by Steven Baxter and Terry Pratchett about people learning how to "step" into alternate
    universes. There are an almost infinite number of Earths, on none of which
    do they find Man.

    Someone has the bright idea to go to Sutter's Mill in California to make his wealth mining the gold that wasn't taken during that Earth's gold rush, to find it packed with people, and other people looking to other earths to mind gold before the infinite supply makes it worthless.

    It's interesting to think of how much scarcity plays into value.

    Another book that touches that is "The Midas Plague" by Frederic Pohl. What happens when cold fusion makes power abundant, and you could fabricate anything you wanted, since you had almost infinite power?

    depends on where you are, and what your goals are. Most of those guys already have at least a residence property. for those that don't the correction will really leave them behind. If you have extra money, I pretty much agree that gold/silver are going to be a better bet than a
    CD, Savings or even stocks in the next couple years.

    There's a lot to be said for diversifying - index funds for the long term, precious metals as a hedge against inflation, and stocks/currency as a more agile vehicle to respond to market changes.

    It's kind of sad... Literally none of the Democrat candidates other
    than Yank or Tulsi understood the populist draw that Trump had.

    A lot of people underestimated it - all you need to do is leave the cities
    of America to see it, even in a historically democratic state like
    California. Travel an hour outside of San Francisco and you'll still see
    Trump flags.



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