Liberal Forum

Fuelman » 13 May 2024, 9:32 am » wrote: ↑

13 May 2024, 9:32 am

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.

Those are very sad numbers.

When you have a 50s or 60s economy based on actual production, having more broad-based prosperity is doable. Not so much now when the “money” is all locked up in assets and your goal is to try and find ways to extract “value” from asset transactions. 

Naturally many people are going to be bitter and angry. 
 

Fuelman » 13 May 2024, 11:03 am » wrote: ↑

13 May 2024, 11:03 am

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.

What is zero sum balance in economics? Buck stops here. What is here relative to each reproduction ancestrally present today, Life never exceeds adapting in the moment here regardless ancestral position, generation gap acquired after birth, character roles achieved in your body never same results twice each rotation present always limited to adapting in the moment here.

Economic possibilities only exist when people trade away their natural biological time to honor tick tock semantics evolving leaves results beyond adapting as timed apart as genetically here since conceived an ever changing form arrived a new combination of chromosomes by their previous ancestry where last 30 direct relatives were 2 parents, 4 grandparents, 8 great grandparents, 16, 32, 64, 128, 256, 512 specific people living that that 10th generation back at the dawn of the 19th century.

Every generation ignored the basics of natural time adapting with genetics eternally separating each reproduction native to this atmosphere since this planet has remained in this solar system so far. theories, theologies hypothetical scenarios factualizing what tomorrow could become when everyone believes life isn't self evident.

Intentions to defraud each ancestor out of their priceless time adapting equally inhabiting space this rotation, isn't hard to prove in an uncorrupt court of law.

since there isn't one I will have to work the court of public opinions in the silent majority nobody of character, listens too anyway and pretends they are a myth.

The other side of the coin.

Expect Rate Cuts, Not Recession: Fund Managers Most Bullish On Stocks In Over 2 Years

https://finance.yahoo.com/news/expect-r ... 48758.html

Fuelman » 14 May 2024, 1:56 pm » wrote: ↑

14 May 2024, 1:56 pm

The other side of the coin.

Expect Rate Cuts, Not Recession: Fund Managers Most Bullish On Stocks In Over 2 Years

https://finance.yahoo.com/news/expect-r ... 48758.html

So far on my list for people living it up: 

1) Selling drugs
2) Disability
3) Insurance fraud
4) Marrying the "right" person 
5) Getting lucky with being on the right side of market volatility <- This is (hopefully) me 

-------------------------

Here's another idea I've entertained:

I've heard some YouTube wannabes talk about how they "buy businesses with no money down" etc. but it seems really scammy.

The only reason I can think of someone selling a business to you for 0% down is if they're really desperate, and that's probably not a business you want anyway.

A more likely scenario is talking with investors and then having one investor put down (for example) 55% and the seller finances 45%. Then after about a year you approach the investor and offer to buy out their share because you don't want some **** who's only interested in accumulating capital as quickly as possible to work you to death demanding quick returns.

Just pay what they put in (and maybe 5-10% extra as a "dividend") and get them to **** off. If they don't comply then threaten to walk and tell them "Good luck running the business" 

[I know for a fact investors only want "passive income" - the last thing they want is to micromanage the peon workers] 
 
 

LowIQTrash » 03 Jun 2024, 1:36 am » wrote: ↑

03 Jun 2024, 1:36 am

So far on my list for people living it up: 

1) Selling drugs
2) Disability
3) Insurance fraud
4) Marrying the "right" person 
5) Getting lucky with being on the right side of market volatility <- This is (hopefully) me 

-------------------------

Here's another idea I've entertained:

I've heard some YouTube wannabes talk about how they "buy businesses with no money down" etc. but it seems really scammy.

The only reason I can think of someone selling a business to you for 0% down is if they're really desperate, and that's probably not a business you want anyway.

A more likely scenario is talking with investors and then having one investor put down (for example) 55% and the seller finances 45%. Then after about a year you approach the investor and offer to buy out their share because you don't want some **** who's only interested in accumulating capital as quickly as possible to work you to death demanding quick returns.

Just pay what they put in (and maybe 5-10% extra as a "dividend") and get them to **** off. If they don't comply then threaten to walk and tell them "Good luck running the business" 

[I know for a fact investors only want "passive income" - the last thing they want is to micromanage the peon workers] 
 
 

As long as the sole with the capital gets to define those with souls left alive tomorrow. Damn you are just another wannabe more than the ancestor you been since conceived. Control time by blaming money is the root of all evil live today.

You won't be honest about evolving for reality's sake and every franchise of humanity follows same patterns of behavior regardless dictatorship by a person or God ideology vs democracy of previous 4 generations demanding the last arrivals obey the ideas of their previous 4 generation gaps traditional beliefs life is more than simply adapting to space this rotation. Get where the idea of seniority comes into play with unions, etc making genetic lineage insignificant in social arguments in every arena of ideas about saving tomorrow today?

Simple right and wrong ways to navigate space when living for the time one has evolving in plain sight today never same results again each rotation. Rule of 72 in figuring out linear outcomes to compounding results left so far. again 16, 8 4, 2, each great great grandchild since inception of the original 16 great great grandparents where previous 4 generation gaps supply 93.75% each ancestors unique chromosomes since conceived as every reproductive cell matures one at a time in both male and female reproductions each generation gap, hence zero based budgeting gimmicks..

Anyone wish to describe where federal zero based budgeting comes from economically to create rank gets privileges those sacrificing their biological time evolving to pretend life isn't self evident won't get?

This transcends every history of each reality practiced since dawn of civilization and includes every generation gap so far. Accountability for the corrupted gotten away with it so far.