[dewilson58]

Originally Posted by shaw8700@outlook.com

This the thinking that got us into inflationary problems.

[golfing eagles]

Originally Posted by GoRedSox!

We can see to a large degree what has happened with our own two eyes. Yes, there is a labor shortage, not only for McDonalds, but in an entire wide range of professions. Including law enforcement officers, doctors, nurses, home care workers, pilots, the list goes on and on.

The pandemic had a big impact on this. We lost 1 million people to the pandemic, and tens of millions more got sick. I don't want to argue whether all the people actually died of COVID or with COVID, there were millions of "excess deaths" above the normal trend line....argue if you want, but it was significant enough to lower average life expectancy by more than a year in this country. Folks were locked down and had plenty of time to think about their lives. Many families decided that living life to the fullest was more important than making as much money as they could. Lots of families decided to downsize and do with less in order to have one parent stay at home with kids. There were millions of "excess retirements," i.e. the number of retirements exceeded the normal trend line by millions. Folks saw that life can change on a dime and decided enough was enough. Look how many early retirements are apparent in The Villages. The result is that we have far more job openings in this country than the number of unemployed workers. 4% unemployment is what the economists call "full employment."

I don't think it's going to change anytime soon and will likely get worse. The next three years are the peak of the Baby Boomer turning 65. Through 2027, 11,300 people will turn 65 in this country every single day. Some may stay in the labor force, but most will leave it. Meanwhile, we have a birth rate that is at its lowest in 100 years. We do not have enough births in this country to match the number of deaths. Without immigration, our country's population would go down every year.

Finally, and this is really not political but a fact, there are some jobs that Americans either can't or won't do. 80% of the workers on farms are foreign born. We need people to harvest our crops, vegetables, fruits and nuts. According to farmers in many parts of the country, Americans won't do this backbreaking work regardless of pay. There are other occupations as well with very few American-born workers.

Decent analysis and true to the extent that there were early retirements and families that due to the cost of daycare realized that they could survive on one income. However, whether you believe that 1 million deaths were due to as opposed to with COVID, the overwhelming majority of those people were not in and would never be in the workforce.

[waterflower]

The first problem is a printing machine/computer generated fiat money. The 2nd problem is the world economic forum, the 3rd and most important problem is we allow these criminals to rule the world. The economic reset is coming. Hold on tight.

[dewilson58]

Originally Posted by waterflower

..................... The economic reset is coming. Hold on tight.

The padded coffin will hold me tight.

[opinionist]

"The good news is that we may have another 25-30 years before the world economy collapses."

Bill Holter says we have maybe 90 days before it all crashes down.

[opinionist]

"What are the solutions?"

You may not like the solution.

Amazon.com

[rsmurano]

A couple of things I noticed:
Nobody has read the book “The creature from Jekyll Island” which goes over all of this and explains how the monetary system of the world was created, how it works, and how most loans to countries go into default but the same country that defaults gets a brand new loan; and the other thing:
Who listens to cnn?

This is a really good book that explains how the United States financial system was created, how it’s been operating for decades and how we influence the world monetary system.
We don’t have to look globally for debt issues. Individual debt in this country has reached over $1T and is not letting up. Look how many people in the states default on their bank card debt but can turnaround and get a home loan or another credit card.

[dewilson58]

Originally Posted by jimbomaybe

Aside from the fact that that is illegal ..................

Jus make it legal.

[ThirdOfFive]

Finally, and this is really not political but a fact, there are some jobs that Americans either can't or won't do. 80% of the workers on farms are foreign born. We need people to harvest our crops, vegetables, fruits and nuts. According to farmers in many parts of the country, Americans won't do this backbreaking work regardless of pay. There are other occupations as well with very few American-born workers.[/QUOTE]


I was thinking yesterday (appropriate for the day, I guess) about "The Greatest Generation"; the Americans who survived the Great Depression, fought with our allies in WW 2, and later helped America become the greatest economic powerhouse that this planet has yet seen. I remember Mom talking about how people pulled together during the depression, in particular a time when my grandmother was too ill to do what needed to be done, and a neighbor (Irene) doing their laundry. Doesn't sound like much except that Irene lived over 1.5 miles away and walked to my Mom's house, carried the laundry back to her house to do with hers, washed, dried and folded it, and returned the laundry in the same way. Using gas for the trip was unthinkable and detergent cost money. That was just one example. She quoted many others, and that was just in our little community.

Dad also talked about taking odd jobs whenever he could find them and helping his family farming when he wasn't working. Far northern MN is incredibly poor farming land and no family could make it up there just on farming so he took work for pay whenever he could find it: tree planting with the CCC, sawmilling, a whole lot of other things, all hard work. and VERY little pay.

Today, we see statements like the one quoted above. The sad part is that it is all too true. Americans won't. But would they, if they had no other choice?

Maybe what this country needs is another Great Depression, where folks either pull together or die. "Backbreaking" work was not only the order of the day, but people lined up for it and took it gladly when offered. You don't become great if you live from handout to handout, after all.

[GoRedSox!]

Originally Posted by golfing eagles

Decent analysis and true to the extent that there were early retirements and families that due to the cost of daycare realized that they could survive on one income. However, whether you believe that 1 million deaths were due to as opposed to with COVID, the overwhelming majority of those people were not in and would never be in the workforce.

Not everyone who died was over 65. But that is really not the debate I want to have. What the pandemic did was change the perspective of a lot of people. Including me. I did not plan on leaving the workforce before age 65, because I didn't want to deal with healthcare before Medicare, but I ended up retiring early and have not regretted it. I think the pandemic showed us that life can turn on a dime and no one is guaranteed another day. We lost of lot of people in a short period of time. The lock downs and isolation and it was all sad and challenging on many different levels. And so people started to look at things differently. A lot of that had to do with how they work or whether they work. And what they do for work. There are probably several other reasons for why we find ourselves here that I am not mentioning here. In my town in CT, my whole life, when it was announced the police would be hiring, there were hundreds of applicants. Now, they get in the single digits in applicants. They just can't seem to hire enough nurses in this country. The traveling nurses make an incredible salary and still there is a shortage. There is no doubt we need more doctors, too. There are many professions with shortages, not just fast food workers. I think many of these situations are only going to get worse as the number of Baby Boomers turning 65 each day is now at an all-time high. I know there is a lot of talk across several forums about the slowdown in the real estate market in The Villages, but I think that there are still over 100 new and pre-owned homes sold every week.

[oneclickplus]

Originally Posted by Rainger99

Interesting article on global debt.

The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming | CNN Business

The most disturbing language is that “Tackling America’s debt problem will require either tax hikes or cuts to benefits, such as social security and health insurance programs.”

The good news is that we may have another 25-30 years before the world economy collapses.

I am glad that I am not graduating high school this year.

Any comments or suggestions from any economists or financial experts? Is it as dire as predicted? Or does it exaggerate the problem?What are the solutions?

Yeah, I read that article. What is coming is bigger and badder than most will acknowledge or entertain. We are already in a fiscal death spiral. $1Trillion will be spent next year just to pay the interest on the national debt. And, because we refuse to spend less than what we take in, the debt will continue to grow. People need to understand the word "unsustainable". This is unsustainable. That means it can not continue. So, therefore, inflation is unstoppable and hyper-inflation is just around the corner as our corrupt government tries to hide the inevitable.

Eventually (3-4 years at most), the USD will be close to worthless. That's right. Think hard and contemplate a world where your money doesn't work. How will you obtain what you need? Can you imagine the chaos, the gangs, the violence that will erupt when money doesn't work. Got some gold? Perhaps that will help a little but you can't eat gold. What will you do? Will you or your family even survive? It's going to get real ugly. Are you PREPared?

Weimar Germany and Zimbabwe are coming to a country near you thanks to deficit spending, unopposed immigration, political violence, etc. This can not be fixed. Mathematically, we are past the point of no return. Doesn't matter who you vote for. Doesn't matter what program might be cut to try to stem the bleeding. Our corrupt leaders and their supporters (WEF, Bill Gates, Soros, corrupt media, the UN, etc) will destroy this country.

This history book is also a prediction pertaining to the USA.

When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany

[GoRedSox!]

Originally Posted by ThirdOfFive

Finally, and this is really not political but a fact, there are some jobs that Americans either can't or won't do. 80% of the workers on farms are foreign born. We need people to harvest our crops, vegetables, fruits and nuts. According to farmers in many parts of the country, Americans won't do this backbreaking work regardless of pay. There are other occupations as well with very few American-born workers.

I was thinking yesterday (appropriate for the day, I guess) about "The Greatest Generation"; the Americans who survived the Great Depression, fought with our allies in WW 2, and later helped America become the greatest economic powerhouse that this planet has yet seen. I remember Mom talking about how people pulled together during the depression, in particular a time when my grandmother was too ill to do what needed to be done, and a neighbor (Irene) doing their laundry. Doesn't sound like much except that Irene lived over 1.5 miles away and walked to my Mom's house, carried the laundry back to her house to do with hers, washed, dried and folded it, and returned the laundry in the same way. Using gas for the trip was unthinkable and detergent cost money. That was just one example. She quoted many others, and that was just in our little community.

Dad also talked about taking odd jobs whenever he could find them and helping his family farming when he wasn't working. Far northern MN is incredibly poor farming land and no family could make it up there just on farming so he took work for pay whenever he could find it: tree planting with the CCC, sawmilling, a whole lot of other things, all hard work. and VERY little pay.

Today, we see statements like the one quoted above. The sad part is that it is all too true. Americans won't. But would they, if they had no other choice?

Maybe what this country needs is another Great Depression, where folks either pull together or die. "Backbreaking" work was not only the order of the day, but people lined up for it and took it gladly when offered. You don't become great if you live from handout to handout, after all.[/QUOTE]I don't know the answer to this question. Would they if they had no other choice? For some, it's not a matter of desire, they are just not in physical condition to do this kind of work.

When I was in college, I worked part-time on a janitorial crew in the winter and outside maintenance in the summer. I swept floors, learned to use a buffing machine, used a mop and bucket quite often, even stripped and sealed floors. Sometimes I had to clean bathrooms. I didn't enjoy that, but bathrooms had to be cleaned and I was a janitor. In the summer, I picked up garbage and cut grass all day long. Meanwhile, I was also going to college and making sure I kept my grades up.

This was not unusual for the 70-80's. I think it is unusual now. I graduated from college with no student loan debt and a bachelor's degree and my days working these kinds of jobs were over. Still, I think they provided me valuable experience and built my work ethic and I also know what it's like to show up every day for an unskilled labor job, punch a clock, and work as part of a crew. I never took a day off and I showed up every day on time. It was good for me.

Things have changed since then. I am not going to be like one of those people who say "back in my day" blah blah blah. The whole world has changed. We didn't walk around with cell phones or have social media in those days. I am not going to blame anyone, I just think things have changed.

[GoRedSox!]

Originally Posted by ThirdOfFive

Finally, and this is really not political but a fact, there are some jobs that Americans either can't or won't do. 80% of the workers on farms are foreign born. We need people to harvest our crops, vegetables, fruits and nuts. According to farmers in many parts of the country, Americans won't do this backbreaking work regardless of pay. There are other occupations as well with very few American-born workers.

I was thinking yesterday (appropriate for the day, I guess) about "The Greatest Generation"; the Americans who survived the Great Depression, fought with our allies in WW 2, and later helped America become the greatest economic powerhouse that this planet has yet seen. I remember Mom talking about how people pulled together during the depression, in particular a time when my grandmother was too ill to do what needed to be done, and a neighbor (Irene) doing their laundry. Doesn't sound like much except that Irene lived over 1.5 miles away and walked to my Mom's house, carried the laundry back to her house to do with hers, washed, dried and folded it, and returned the laundry in the same way. Using gas for the trip was unthinkable and detergent cost money. That was just one example. She quoted many others, and that was just in our little community.

Dad also talked about taking odd jobs whenever he could find them and helping his family farming when he wasn't working. Far northern MN is incredibly poor farming land and no family could make it up there just on farming so he took work for pay whenever he could find it: tree planting with the CCC, sawmilling, a whole lot of other things, all hard work. and VERY little pay.

Today, we see statements like the one quoted above. The sad part is that it is all too true. Americans won't. But would they, if they had no other choice?

Maybe what this country needs is another Great Depression, where folks either pull together or die. "Backbreaking" work was not only the order of the day, but people lined up for it and took it gladly when offered. You don't become great if you live from handout to handout, after all.[/QUOTE]

When I was in college, I worked part-time on a janitorial crew in the winter and outside maintenance in the summer. I swept floors, learned to use a buffing machine, used a mop and bucket quite often, even stripped and sealed floors. Sometimes I had to clean bathrooms. I didn't enjoy that, but bathrooms had to be cleaned and I was a janitor. In the summer, I picked up garbage and cut grass all day long. Meanwhile, I was also going to college and making sure I kept my grades up.

This was not unusual for the 70-80's. I think it is unusual now. I graduated from college with no student loan debt and a bachelor's degree and my days working these kinds of jobs were over. Still, I think they provided me valuable experience and built my work ethic and I also know what it's like to show up every day for an unskilled labor job, punch a clock, and work as part of a crew. I never took a day off and I showed up every day on time. It was good for me.

Things have changed since then. I am not going to be like one of those people who say "back in my day" blah blah blah. The whole world has changed. We didn't walk around with cell phones or have social media in those days. I am not going to blame anyone, I just think things have changed.

[Mazjaz]

Originally Posted by dewilson58

No need to pay it back.

30% of US debt is held overseas............if it's not paid back......the countries will survive. They are holding the debt..........it's really not "in the system".

Another ~30% is held by "US government". SSA, Federal Reserve, Retirement Agencies. Just "print money" when & if the funds are needed if the agency can not redefine.

The last ~40% is held by US individuals and institutions. As individuals die, right off the debt.....no passing to next generation. For institutions, write off 10% per year.

Flush the toilet.

Sure can do but nobody will buy any new debt ever and our credit rating will be in the toilet and interest rates will climb higher for is being a deadbeat borrower.

[jimbomaybe]

Originally Posted by dewilson58

Jus make it legal.

( with apologies ) Were you politician in a former life, the consequences are the same but if you can sell to the public , and avoid responsibility , good to go