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Post by nyx on Jan 1, 2020 6:16:50 GMT
It has been a hundred years but the roaring twenties are back!
The 1920’s was all about alcohol, good times, and lots of money borrowed on credit.
Maybe this is the year that a UFO lands at the White House for lunch.
There has been lots of lights in the skies lately.
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Post by HAL on Jan 1, 2020 21:26:14 GMT
I wonder if Trump will confiscate the translators notes.
..The 1920’s was all about alcohol, good times, and lots of money borrowed on credit...
And don't forget what it led to.
HAL.
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Post by nyx on Jan 1, 2020 22:46:04 GMT
Well HAL,
The gluttony, greed, and excess in the 1920’s lead to the 1929 stock market crash.
According to my parents when they were alive, the crash really made their existence very hard, and I believe it gave them strange outlook in life in later years.
They were always afraid to be happy.
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Post by HAL on Jan 2, 2020 19:04:14 GMT
The moment Trump stops allowing the printing of money, the next crash will happen.
Not being cynical, it's just the way I see it.
HAL.
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Post by moksha on Jan 2, 2020 20:11:08 GMT
Yes Hal, I see it as a broken washing machine, the spin cycle can no longer keep up with the,
UNICORN
Won't matter how many people have jobs if the wages are not in tune with the
UNICORNS
THE worker will not be able to survive.
Very dark monetary times ahead.
MKW
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Post by SysConfig on Jan 2, 2020 20:42:03 GMT
This disaster was in the making a Long Time before Trump ..just to clear the air here.
as to where we are at right now..and how moving from gold to Fake petro dollars changed everything including the required wars to back it up..to today..just look at what the millennials and Unicorn lovers future looks like..RIGHT NOW! They have none..nor their children and childrens children.. The Average Millennial Has A Subprime Credit ScoreProfile picture for user Tyler Durden by Tyler Durden Thu, 12/26/2019 - 16:45 0 SHARES As Millennials rage against older generations of Americans, they appear to have forgotten one thing: their own deplorable credit score, or as Experian notes, "what many people might not know: Millennials also have one of the lowest average credit scores of any generation." As the following chart from Deutsche Bank shows, the average FICO score for both the Millennial and the younger, Gen Z, generation is below 669, the level that defines Subprime borrowers.Why are millennials scores low? Rod Griffin, director of consumer education and awareness at Experian, recently said part of it may be that “because they are young and haven’t yet established a robust credit history.” Indeed, a young millennial might be barely out of college, and “at 22, most people have very little credit history and so would likely have lower credit scores,” he explains. And while one can argue that it takes time to build out a credit score, the fact that Gen Zers have effectively the same FICO score as Millennials, is quite troubling and suggests there is more to the problem than merely the follies of youth. Commenting on the depressed Millennial scores, in a recent report, Experian found that millennials — people between ages 23 and 38 — have had a tough time getting ahead financially: "held back by their credit scores, some millennials have struggled to obtain new credit and, as a result, may be finding it hard to reach certain financial milestones." To understand more about millennial credit scores, Experian took a look at data from the fourth quarter of 2018 to see where these consumers had the best and worst FICO, what type of debt they had and how they've progressed in the past year. Here are the facts.  Compared with the national average of 701, millennials had an average FICO Score of 665 in the fourth quarter of 2018, according to Experian data. The silent generation, those in their 70s and older, had the highest average FICO Score of 756, followed by baby boomers, who had an average score of 732. Generation Z—the youngest group, with people between ages 18 and 22—had the same average score as millennials. Millennials have an average credit card balance of $5,231, up 7% year over year from $4,869 in 2017. Millennials carried an average of $34,770 in student loan debt, up 8% from $32,239 in 2017. Millennials have an average total debt amount of $80,666, up 11% from $72,988 in 2017. Minnesota had the highest average millennial FICO Score among states, with an average of 698—just three points shy of the national average of 701, according to Experian data from the fourth quarter of 2018. The District of Columbia followed with an average score of 697 for millennials, and North Dakota came in third with an average score of 693. Massachusetts had the fourth-highest average millennial FICO Score at 692, followed by South Dakota, which had a 690. continued at link www.zerohedge.com/economics/average-millennial-has-subprime-credit-score
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Post by HAL on Jan 3, 2020 19:46:07 GMT
Moksha,
..THE worker will not be able to survive..
They are finding it harder every day.
Technology has brought one big problem; there are now millions of 'unnecessary' people. By that I mean that there is no productive use for many of today's people. People need work. A reason to 'be'. But now the need for all these people is gone.
So what happens to them ?
The second (some may say the primary) need for people was as cannon fodder. Sheer numbers of fighters to fight wars. Now, thankfully, that need has also been removed by the modern weaponry. The threats are still there, but now death will come out of a clear blue sky. No need to go looking for it.
So what is going to become of the future generations ?
Oddly, it was Marx who pointed this out. If you ignore his politics. His economics was pretty spot on.
And it revolved around the fact that the more workers that are available the less the employer needs to pay them. Only enough to guarantee that there will be some who are so desperate that they will take the job.
Sys,
Yes, this mess was long in the making.
But it won't be solved by pumping more money into the economy. That money always goes upward, not down.
An economy that can't support itself is bound to crash.
Belt tightening is one step along the way to recovery. But it will hit the wrong people.
Tent camps for the unemployed in California, and Universities having to set up secure car parks for students who have to live in their cars. Who would have thought it ?
HAL.
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Post by moksha on Jan 26, 2020 9:34:31 GMT
Moksha, .. THE worker will not be able to survive.. They are finding it harder every day. Technology has brought one big problem; there are now millions of 'unnecessary' people. By that I mean that there is no productive use for many of today's people. People need work. A reason to 'be'. But now the need for all these people is gone. So what happens to them ? The second (some may say the primary) need for people was as cannon fodder. Sheer numbers of fighters to fight wars. Now, thankfully, that need has also been removed by the modern weaponry. The threats are still there, but now death will come out of a clear blue sky. No need to go looking for it. So what is going to become of the future generations ? Oddly, it was Marx who pointed this out. If you ignore his politics. His economics was pretty spot on. And it revolved around the fact that the more workers that are available the less the employer needs to pay them. Only enough to guarantee that there will be some who are so desperate that they will take the job. Sys, Yes, this mess was long in the making. But it won't be solved by pumping more money into the economy. That money always goes upward, not down. An economy that can't support itself is bound to crash. Belt tightening is one step along the way to recovery. But it will hit the wrong people. Tent camps for the unemployed in California, and Universities having to set up secure car parks for students who have to live in their cars. Who would have thought it ? HAL. Yes, it is hard to miss, the way it's moving, I guess you could just close your eyes and hope it goes away. When it comes to you, is when it is felt, or you can try to understand via research, not that it will change the outcome, just your perspective of it. I've watched this report for a very long time, since the sub-prime thing. ENJOY I have wondered what it would be like without the wizard of OZ or Harry Potter I'm certain I will never know, what it's like without the monetary system, just how it is to have, less than the ones, who seem
to want more than they need.
But that's the way it is, on "THE DARKER SIDE"
mw.
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Post by HAL on Jan 26, 2020 21:54:41 GMT
Don't know if any of you watched 'Margin Call'.
But, although it is about high level earners, there is a scene in it where two of the dealers (stock market) are driving back and the subject of the effect of what they about to do on the rest of society is brought up.
It's very good. You should watch it.
HAL.
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Post by HAL on Jan 26, 2020 21:59:30 GMT
Moksha,
That guitar sounds very reminiscent of Albert King.
And when things get really bad...
'Ballad of Hollis Brown' Bob Dylan.
HAL.
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Post by moksha on Jan 27, 2020 12:09:44 GMT
Don't know if any of you watched 'Margin Call'. But, although it is about high level earners, there is a scene in it where two of the dealers (stock market) are driving back and the subject of the effect of what they about to do on the rest of society is brought up. It's very good. You should watch it. HAL. I could be wrong but I think there was a movie about the method.
It is used by the elite.
It reminds me of George Carlin "it's a club and your not in it"
One big reason I don't vote, don't matter what side your on, the real politics, ARE UP AND DOWN ! .
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