** 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.
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.
---
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. ---
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.
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.
This will be different than a bust or contraction... They powers to be
are up to something...
:)
Joe
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?
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.
---
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.
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.
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...
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.
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.
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.
--
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.
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.
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.
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.
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.
.n
IB JOE wrote to ANDEDDU <=-
I miss the country I grew up in...
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'm sure the ultra-wealthy will have their money safely stored away in vaults in New Zealand long before then.
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.
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...
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.
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.
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.
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.
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.
It's kind of sad... Literally none of the Democrat candidates other
than Yank or Tulsi understood the populist draw that Trump had.
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