Economic Doomerism Thread

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By LowIQTrash
6 May 2024 1:34 am in No Holds Barred Political Forum
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im2
9 May 2024 12:08 pm
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Fuelman » 09 May 2024, 12:06 pm » wrote: ↑ It's the stoner high thing, I are truck driver!  Image
You're just another internet loser. 
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Fuelman
9 May 2024 12:14 pm
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lard » 09 May 2024, 12:08 pm » wrote: ↑ You're just another internet loser.
I understand your struggle, get another set of boot straps.
 
im2
9 May 2024 12:17 pm
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Fuelman » 09 May 2024, 12:14 pm » wrote: ↑ I understand your struggle, get another set of boot straps.
Your bf uses a strap on for you.  Struggle with that.   :lol:  
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31st Arrival
9 May 2024 3:17 pm
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lard » 09 May 2024, 11:53 am » wrote: ↑ Your "reality!"

:rofl:  
any and every intellectual reality practices the same style of deception every other one does following laws ordering last generation to comply with previous 4 or else face ridicule, shunning, exile, execution for not complying to traditional values in the geographical area the 5 generations of ancestry evolved into a societal evolution of lets pretend life isn't self evident and super natural beings govern outcomes from beyond adapting here now with genetics eternally separating the evolving ones left alive now changing population between inception of ancestral lineage to extinction of the species which will reach fruition when great great grandchildren aren't born any rotation forward since conceptions didn't happen in previous rotations.
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LowIQTrash
9 May 2024 11:14 pm
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Case Study #2 on "The American Dream": More Insurance Fraud

@Fuelman another lesson from a pro... Image  

So about 7 years ago, one of my friends moved to Sacramento County, CA. She ended up getting a job as a pet kennel worker (taking care of people's dogs while pet owners are away on vacation or whatever). 

The owner of the pet kennel herself was already making low 6 figures (probably $180K - $230K range) as her business was doing well. The reason it did well was her relentless drive to cut costs: the dogs were packed very tightly in the house and her employees were paid below avg wages. Needless to say my friend was not happy...but here's the real catch.

One day all the dogs were being kept at the shed, and...by some stroke of fate the shed burned down. All the puppies, including her own, died in the fire. 

Now this is pure speculation as nobody was there to witness the event, but...it is believed that she let her own dog die so it would give her the defense: "How dare you accuse me of something so heinous? My own poor dog died!"

She was reimbursed by business (general liability?) insurance. I don't know the exact payout - likely somewhere around $600K as the business itself was no longer viable. A dog kennel should fetch 2.5-3.5x EBITDA if I recall correctly so I will estimate the payout in that ballpark.

I don't know the exact motive(s) but - just an educated guess - her original exit plan of selling the business wasn't going to work, so she decided to do it the "other" way. It's faster and incurs less headache trying to get buyers to agree to a deal. 

She wanted the money...now!  :LOL:   
 
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Fuelman
10 May 2024 7:56 am
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LowIQTrash » 09 May 2024, 11:14 pm » wrote: ↑ Case Study #2 on "The American Dream": More Insurance Fraud

@Fuelman another lesson from a pro... Image  

So about 7 years ago, one of my friends moved to Sacramento County, CA. She ended up getting a job as a pet kennel worker (taking care of people's dogs while pet owners are away on vacation or whatever). 

The owner of the pet kennel herself was already making low 6 figures (probably $180K - $230K range) as her business was doing well. The reason it did well was her relentless drive to cut costs: the dogs were packed very tightly in the house and her employees were paid below avg wages. Needless to say my friend was not happy...but here's the real catch.

One day all the dogs were being kept at the shed, and...by some stroke of fate the shed burned down. All the puppies, including her own, died in the fire. 

Now this is pure speculation as nobody was there to witness the event, but...it is believed that she let her own dog die so it would give her the defense: "How dare you accuse me of something so heinous? My own poor dog died!"

She was reimbursed by business (general liability?) insurance. I don't know the exact payout - likely somewhere around $600K as the business itself was no longer viable. A dog kennel should fetch 2.5-3.5x EBITDA if I recall correctly so I will estimate the payout in that ballpark.

I don't know the exact motive(s) but - just an educated guess - her original exit plan of selling the business wasn't going to work, so she decided to do it the "other" way. It's faster and incurs less headache trying to get buyers to agree to a deal. 

She wanted the money...now!  Image
That is just a horrific story!

You would have to post that just after booking a place to keep the 2 dogs for 10 days. Luckily, this place is attached to the owners home. Poof, $800 gone.

There are plenty of scum bag people looking for the easy money. Easiest place to defraud is the US Government.
 
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31st Arrival
10 May 2024 8:04 am
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Fuelman » 10 May 2024, 7:56 am » wrote: ↑ That is just a horrific story!

You would have to post that just after booking a place to keep the 2 dogs for 10 days. Luckily, this place is attached to the owners home. Poof, $800 gone.

There are plenty of scum bag people looking for the easy money. Easiest place to defraud is the US Government.
 
when has instincts taken advantage of intellectual choices by each ancestor lived or alive? Instincts navigate existing each rotation of the planet uniquely here since birth while only arrived when conceived.

Your turn. make sure you aren't reciting social practices throughout history of ancestries never accepting how evolving doesn't exceed adapting as displaced ancestrally in this atmosphere alone as occupying space never same results again each rotation been alive as conceived form one of a kind unique fertilized cell.
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Fuelman
10 May 2024 8:10 am
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31stArrival » 10 May 2024, 8:04 am » wrote: ↑ when has instincts taken advantage of intellectual choices by each ancestor lived or alive? Instincts navigate existing each rotation of the planet uniquely here since birth while only arrived when conceived.

Your turn. make sure you aren't reciting social practices throughout history of ancestries never accepting how evolving doesn't exceed adapting as displaced ancestrally in this atmosphere alone as occupying space never same results again each rotation been alive as conceived form one of a kind unique fertilized cell.
Damn, you recited exactly what I was thinking!
 
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31st Arrival
10 May 2024 9:56 am
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Fuelman » 10 May 2024, 8:10 am » wrote: ↑ Damn, you recited exactly what I was thinking!
 
so you deliberately post things you aren't thinking while debating differences of everyone else's faiths intellectually placing your social identity outside social mantras playing devil's advocate sustaining reasonable doubt between everyone never accepting life is self evidently evolving limited to what remains alive next rotation of the planet completes going forward now.

Good thing truths are factual social consensus mantras so you are never a liar about what people chose to believe. Just a philosopher playing psychological class warfare within your own ancestry and among the species in this atmosphere.

live evil. Devil lived in recited facts used against every ancestor in each generation gap over and over expecting better days next rotation knowing living doesn't exceed this rotation currently taking place.

You ever consider that Judgement Day wasn't a calendar event?
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LowIQTrash
12 May 2024 7:50 pm
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Fuelman » 10 May 2024, 8:10 am » wrote: ↑ Damn, you recited exactly what I was thinking!
This is how you know the top is in:

https://www.reddit.com/r/wallstreetbets ... rket_will/

Title:
How can one ever believe that this market will ever go down again?
 
And after 2008? Market recovered.After 2020? Market recovered.2000? Recovered. 1987? Recovered. 1929? 1907? 1901? Recovered. Recovered. Recovered.If you keep buying the S&P you will average a 10% annualized return in the long run. That's the OP's point.
This idiot didn't realize it took ~25 years after the peak in 1929. Do you wait to wait decades for your money to break even??

Also if you look at other indices across the world (Italy, Japan, China, France) you can see even more heinous examples of capital destruction.

Italy: Stock market peaked in 2000, has NEVER since then reached previous high (already 24+ years) 
Japan: Stock market peaked in 1989, still has not reached previous high (35+ years)
China: Peaked in 2008, still has not reached previous high (16 years and ongoing)
France: 2000 high was only surpassed around 2021 (21 years)

If you go back even further, you will see that the 1700s - early 1800s was particularly brutal. It was not uncommon for stock markets (a basket of stocks as many places did not have an official "stock market") to drop 70-90% at the onset of war and turbulence and stay depressed for decades.
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Bidencrimefamily
13 May 2024 6:09 am
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Fuelman » 10 May 2024, 7:56 am » wrote: ↑ That is just a horrific story!

You would have to post that just after booking a place to keep the 2 dogs for 10 days. Luckily, this place is attached to the owners home. Poof, $800 gone.

There are plenty of scum bag people looking for the easy money. Easiest place to defraud is the US Government.
Actually private business get more fraud than the government. 

As a total.
 
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Bidencrimefamily
13 May 2024 6:10 am
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Fuelman » 10 May 2024, 7:56 am » wrote: ↑ That is just a horrific story!

You would have to post that just after booking a place to keep the 2 dogs for 10 days. Luckily, this place is attached to the owners home. Poof, $800 gone.

There are plenty of scum bag people looking for the easy money. Easiest place to defraud is the US Government.
It is also reported private companies and small business rank highest in occupational fraud frequency at 42% compared to large corporations, government and non-profits. The biggest contributing factor is the lack of internal controls. PRIVATE COMPANIES WHICH INCLUDE SMALL BUSINESSES had a median loss of $150,000.
[img]data:image/png;base64,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[/img]
https://businessfraudprevention.org › ... Fraud Statistics
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31st Arrival
13 May 2024 6:54 am
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Bidencrimefamily » 13 May 2024, 6:09 am » wrote: ↑ Actually private business get more fraud than the government. 

As a total.
 
Corruption begins with each soul defying its sole time equally adapting in space at the same time everything else is adapting in space at the same time evolving doesn't stop by command of intellectual minds pretending to be larger than their ancestral time displaced each rotation their body is never same total sum twice including every heartbeat since conceived.

Your character is artificial intelligence created by social consensus used for hundreds of generation gaps so far. We(any alternate reality defined by humanity's rule of law in every spiritual congregation or political party, race, creed color, national origin, etc.) believe life is more than simply adapting in our own skin this rotation.

You familiar with the old saying about "Having some skin in the game of ignoring life in plain sight making people believe eternity is anywhere else but this rotation of the planet.".

I understand your intellectual heart, mind, body, and soul as much as your ancestral lineage, generation gap, gender, sole time being alive this rotation since conceived.

I am out to defeat humanity's reasonable doubt used against my ancestry before it was used against my siblings, their families, me, my wife, our children, our 2 year old grandchild.

It doesn't take destroying everything to understand what was lost denying how living actually evolves in plain sight.
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Bidencrimefamily
13 May 2024 6:59 am
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31stArrival » 13 May 2024, 6:54 am » wrote: ↑ Corruption begins with each soul defying its sole time equally adapting in space at the same time everything else is adapting in space at the same time evolving doesn't stop by command of intellectual minds pretending to be larger than their ancestral time displaced each rotation their body is never same total sum twice including every heartbeat since conceived.

Your character is artificial intelligence created by social consensus used for hundreds of generation gaps so far. We(any alternate reality defined by humanity's rule of law in every spiritual congregation or political party, race, creed color, national origin, etc.) believe life is more than simply adapting in our own skin this rotation.

You familiar with the old saying about "Having some skin in the game of ignoring life in plain sight making people believe eternity is anywhere else but this rotation of the planet.".

I understand your intellectual heart, mind, body, and soul as much as your ancestral lineage, generation gap, gender, sole time being alive this rotation since conceived.

I am out to defeat humanity's reasonable doubt used against my ancestry before it was used against my siblings, their families, me, my wife, our children, our 2 year old grandchild.

It doesn't take destroying everything to understand what was lost denying how living actually evolves in plain sight.
That makes zero sense. 


 
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31st Arrival
13 May 2024 7:32 am
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Bidencrimefamily » 13 May 2024, 6:59 am » wrote: ↑ That makes zero sense. 


 
Your mind operates on zero based economic principal. Your reality is a decimal point of numbers, period to one sentence of a whole story not even a paragraph of life evolving in plain sight genetics sustains actual eternal separation of each reproduction native to this atmosphere. now as it has since existing 3rd from the star in this solar system.

Yet here you are playing master of illusions, reasonable doubt, mysteries of anything else is possible except, evolving doesn't exceed total sum numbers adapting in this rotation of the planet here any generation prior or added forward now.

Self evident reflects physical absolute movements existing in series parallel proportions timed apart at the same time each is occupying space specifically here evolving as specifically behaving cradle to grave by choices honored conceived to decomposed as ancestrally being performed this rotation...

the whole is equal to total sum of all its parts regardless the statistical averaged facts used against each ancestor alive today.

Can you describe the original sin within this species? I just did.
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Fuelman
13 May 2024 9:32 am
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LowIQTrash » 12 May 2024, 7:50 pm » wrote: ↑ This is how you know the top is in:

https://www.reddit.com/r/wallstreetbets ... rket_will/

Title:

This idiot didn't realize it took ~25 years after the peak in 1929. Do you wait to wait decades for your money to break even??

Also if you look at other indices across the world (Italy, Japan, China, France) you can see even more heinous examples of capital destruction.

Italy: Stock market peaked in 2000, has NEVER since then reached previous high (already 24+ years) 
Japan: Stock market peaked in 1989, still has not reached previous high (35+ years)
China: Peaked in 2008, still has not reached previous high (16 years and ongoing)
France: 2000 high was only surpassed around 2021 (21 years)

If you go back even further, you will see that the 1700s - early 1800s was particularly brutal. It was not uncommon for stock markets (a basket of stocks as many places did not have an official "stock market") to drop 70-90% at the onset of war and turbulence and stay depressed for decades.
I read an article this morning about the explosion of "economic doomerism" on Reddit over the past two years. It hasn't happened yet, that's not to say it won't happen.

Just a hunch, there are plenty of people looking for a short cut to riches. Quite possible for some, unlikely for most. It could be just a bunch of people blogging (complaining) about there own financial status who have very little investments in the markets and hoping everyone else gets screwed.

Age Median Net Worth (In 2022 dollars)
Under 35 $39,04035
to 44 $135,30045
to 54 $246,70055
to 64 $364,27065
to 64 $410,000
75 and over $334,700
Data source: fool.com

These are some sad numbers.
I need a new battery for my crystal ball.

 
 
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Bidencrimefamily
13 May 2024 9:35 am
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Fuelman » 13 May 2024, 9:32 am » wrote: ↑ I read an article this morning about the explosion of "economic doomerism" on Reddit over the past two years. It hasn't happened yet, that's not to say it won't happen.

Just a hunch, there are plenty of people looking for a short cut to riches. Quite possible for some, unlikely for most. It could be just a bunch of people blogging (complaining) about there own financial status who have very little investments in the markets and hoping everyone else gets screwed.

Age Median Net Worth (In 2022 dollars)Under 35 $39,04035 to 44 $135,30045 to 54 $246,70055 to 64 $364,27065 to 64 $410,00075 and over $334,700Data source: fool.com

These are some sad numbers.
I need a new battery for my crystal ball.
If you get your data from reddit your just a fool. 
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Fuelman
13 May 2024 9:38 am
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Bidencrimefamily » 13 May 2024, 9:35 am » wrote: ↑ If you get your data from reddit your just a fool.
I would tend to agree. There probably is some useful information there but definitely not on my radar.
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Bidencrimefamily
13 May 2024 9:40 am
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Fuelman » 13 May 2024, 9:38 am » wrote: ↑ I would tend to agree. There probably is some useful information there but definitely not on my radar.
It's sort of like repeating posts on X. 
 
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Fuelman
13 May 2024 11:03 am
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Bidencrimefamily » 13 May 2024, 9:35 am » wrote: ↑ If you get your data from reddit your just a fool.
Interesting statistic:

"In 2022, 35% of Americans worked with a financial advisor, while 57 percent said that they didn't have a financial representative. The share of Americans approaching a financial advisor decreased slightly compared to the previous year.Mar 7, 2024"

I know just enough to be dangerous, best to let a team of experts take care of that.
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