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Comment Re:As if this is new (Score 1) 370

Worse! Far worse!! Total collapse of the fiat currencies globally is imminent. When you reduce the human labor participation rate relative to the overall population, what you get is deflation. That's an undeniable fact. But factor in governments around the world "borrowing" money via printing to pay welfare for all those unemployed. So now we have deflation coupled with inflation = stagflation. But stagflation doesn't last. At some point, the entire system - as we know it- will implode. What can not go on forever, wont. And you can take that to the bank as a universal truism!

Comment Re:Easy explanation: HAM (Score 2) 84

Nope! AC, you're wrong, and citylivin is 100% correct. It's hot Chinese money looking to leverage wealth outside of China. This is what happens when globalism rewards those in nations with institutionalized corruption; the money will flea to saver havens. This is why the housing market is HOT in Australia, Canada, and US coastal cities. In effect, the cheap goods and services you're paying for is in fact landing in the hands of those that will ratchet up affordable housing in YOUR area, this pricing you out of the market and as a perpetual renter. Yeah, not so much of a good deal now was it?! Oh, and now you're double-fucked with the student loan debt!!!

Chinese Driven Vancouver Housing Bubble Moves To Seattle - "This Is Vancouver 2.0"

Already home sales for first time buyers screeched to a halt once the interest rates rose post-election. Interest rates will have zero impact on the cash buying market (HAM). It will however drive the prices of homes down in areas where the HAM market isn't as strong though; to offset the increased interest rates of course. You see, with so much personal debt, what matters this generation is how much you can afford to pay the mortgage a month. So the whole picture has to be taken into account via sliding scale of home prices in relation to interest rates.

Comment Re:Just so everyone knows (Score 1) 186

The concept of excessive disposable wealth is not limited to the UAE, it's quite common among Asia too. It's basically a show of financial wealth that exudes a demigod level of power and status; as if they could own any bitch ass with a snap of the finger. But ironically, these are also the best customers. More often than not, they're not very selective of the pedigree of the seller. Anyone, and I mean ANYONE could open a storefront and sell overpriced crap under the guise of "exclusive" and "limited". Ultimately, the seller isn't selling a tangible product insomuch as an endorsement that only an ultra wealthy demigod could afford. BE THAT SELLER!

Comment Re:Incomplete economic experiment (Score 1) 441

In theory, globalism does make us "richer" in terms of available resources. But monetarily, it's penny wise pound foolish if that leaves people under or unemployed to purchase said goods and services. We can debate trickle-down or trickle-up economics till the cows come home; in either case it's generally agreed both would inject velocity in the money supply between the consumer and purchaser. The problem we've been facing in the past 16+ years is is neither. We've been facing a trickle-out; our nation has been hemorrhaging wealth.

Long term, under or unemployment causes all sort of undesired side-effects. For one, it breaks people from climbing the rungs of a ladder to achieve career success (personal growth, both occupationally and in people skills). Secondly, it short-changes them in saving for retirement. Id say the biggest problem the West is facing is lack of work ethic. Instead, we've been delegating manual and physical labor to overseas and importing immigrants. This isn't a racist POV, it's a serious problem in that it changes the culture with stark contrasts in values. So far, America has it pretty lucky with people south of the boarder having Christian values (yes, it matters, A LOT!!) with an industrious ethos.

In short, leveraging the human labor pool around the world, and the specialized skillsets is a boon to Mankind. But, it ought to be reasonably paced so that the lower and middle-class don't get short-changed by the upper-class that's all too willing to exploit a disparity in wealth from a lack of job opportunity they've (investments, holding onto IP, barriers to entry, etc) created.

Comment Re:Incomplete economic experiment (Score 1) 441

I think we're talking past each other... Money, as a numerical value unto itself, is meaningless. It IS important as a metric when comparing and contrasting with existing values as the market changes, but that is it! Money is intrinsically is tied to human labor, NOT the end product. Allow me to repeat that in another way. Tangible goods have no tangle worth, it's only worth what people are willing to pay for them. And what they are willing to pay for them is directly tied to how much they themselves are worth in the market. Human beings are as ever bit of a resources as the goods and services we bid on in the market place. It's a cold, harsh, reality of math.

Right now, automation combined with globalism is having a a one-two punch on western civilization. On one hand, it's driving the cost of human labor down - hence a deflationary pressure on the value of money. At the same time, governments in said western nations are printing money (thus devaluing the current supply of money now in circulation) in order to inject velocity in the market place. When you combine deflationary pressures with inflationary pressures, you get stagflation. But, stagflation is only temporary. At some point, it will stall out, along with economic growth, and supply of goods/services will be limited. Should the value of human labor increase, that will create direct competition for goods and services already in supply. By definition, this would be inflationary pressure. It's the same situation that happened in the Carter / Reagan years, it will most assuredly be a repeat transitioning from and into the Obama / Trump administration.

Comment Re:Incomplete economic experiment (Score 1) 441

Actually, inflation requires more money to be spent.

Glad you figured that out. Inflation is the devaluation of the current monitory supply in the market. You can't redistribute wealth via taxation, you can only print more of it and give it to the lower class. But the supply/demand ration remains the same. It's like pumping water from the deep end of a pool into the the shallow end. All you've done is increased velocity with no guaranteed of increasing supply of housing being built/invested

Creating a greater market demand in one area means people spend money that otherwise could be but now is not spent elsewhere.

Inflation only serves to increase the disparity in wealth, not shrink it. What you should be looking at is increasing the supply in resources to force deflationary pressure. But I will caution that historically run-away deflation can be far more nasty that hyper-inflation. In reality, prolonged stagflation with increase in available resources is preferred to either one of those two scenarios. Ultimately, the tax code needs to be simplified.

Comment Re:Incomplete economic experiment (Score 3, Interesting) 441

Supply / Demand. Depends on the market. If you're renting out units a near 100% capacity, the price will go up proportionally to the BI being able to sustain it. That's the whole point of a MARKET, to find that optimum equilibrium of market value. This is no different than what's happening now with the student loan bubble. Might as well have had the government written a check directly to the universities; in essences, that's what happened with the student holding all the risk.

BI by any other definition is blatant inflation!

Comment Re:Silicon Valley able to cope with Trump regime? (Score 0) 184

Hillary Clinton will be the next POTUS with Pence as the VP.

Yes, you heard correctly. LOL, why else do you think Jill and the Clintons what a HAND RECOUNT. They won't make it in time. THATS THE POINT!!! This will put Trump below the 270 EC votes needed, and thus Congress votes on who the next POTUS will be. 1:) They HATE TRUMP. 2:) Congress LOVES power!. Think about it. Congress will control Clinton; if she steps out of line, she gets the book thrown at her and threatened by Pence taking her spot. Meanwhile, Congress will cockblock Clinton's SCOTUS nominee to keep the court divided with the lower court ruling having stand. It's muthafucking brilliant. Those globalist will run the world joined at the hip with wall street. 100% pure corruption. And you all are going to take it up the ass!!!!

Yes, America is fucked.

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