From 2017:
Shit, humans can barely do that today. Robots? Never ever.
How inflation can re-emerge
- Thread starter Motivator
- Start date
Shit, humans can barely do that today. Robots? Never ever.
Or another pandemic or war or some other catastrophic events that lead to a drastic reduction in productivity which was the main cause for the most recent surge in inflation not supply chain diversification away from China. Personally, I believe we shouldn't over-rely on any particular country(ies) for supply of goods no matter how "good" they appear to be. It's not just China but any country(ies). We still need to have solid and healthy local production and should only use foreign sources of supply in areas where they REALLY demonstrate a unique advantage in productivity.
Nobody works for free and should work for free. And many times when something is free, you end up paying more for it in the forms of environmental destruction, abuse in human labour, overuse of natural resources, re-allocation of resources into undesirable means, inequitable distribution of wealth and etc. are all hidden costs that we often don't think about when we get too "cheap" of goods but they are all real cost that we all end up paying that are far higher than the few cents of "rollback" of prices that we get from Walmart. Sustainability and diversification are the key.
Inflation has not really gone down but ,they want the masses to keep believing that everything is hunky dory. Is it? Just go to the grocery store. Do you see them lowering prices or increasing prices? Higher oil prices is inflationary and the move to green energy is going to make it even worst. The biggest scam is these green energy everyone is promoting. I worked for an actual oil company and we researched alternative energy, windmills, geothermal, solar, etc. When all is said and done, alternative energy is too expensive and too small in quantity to be effectively, harnessed and provide the energy needs of any country. If they can effectively, replace oil, they would have done so already in the past 50 years. I will give these fools another 100 years and oil will still be here. The closest alternative is natural gas which is plentiful and cleaner.
It’s not that it went anywhere, inflation is for the poor, and people who have money to deal with it won’t feel uncomfortable
Money can become completely worthless very quickly. Hard assets and skills that can be exchanged during the ensuing turmoil is what needed..
We all need money at least in our lifetimes, of course you can hoard gold, diamonds, antiques, etc., but now money is a necessity
There is a huge gap in life between the rich and the poor. You will feel distressed if you spend 100 US dollars, but the rich can spend tens of thousands of dollars without feeling any pressure.
Investment is a career outside of your life skills. If you manage your investment well, you will get a considerable income. This is what we need to do now.
People missed the rally in stocks and bonds.
The guy that came to my house to service my hot water heater drove up in a brand new F150 Raptor, spent much longer on his iPhone 15 pro than he did on my water heater, complained about getting dirt on his Carhartt and directed me to pay him in eth...
If you think "this" labor force will be accepting lower salary anytime soon, you are sadly mistaken. But yea..they are jawboning about inflation being under control and prices falling inorder to add window dressing to the upcoming election.
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his truck is most likely leased or financed, only his repair skill set is valuable.