patrick.net

indc says

Can you guess why US is letting in so many illegals?

Why bother?

indc says

Can you guess why US is letting in so many illegals?

Not sure what is happening. Look the "news",
https://www.businessinsider.com/undocumented-immigration-us-recession-outlook-job-market-economy-soft-landing-2024-3?op=1

Blue says

Not sure what is happening. Look the "news",
https://www.businessinsider.com/undocumented-immigration-us-recession-outlook-job-market-economy-soft-landing-2024-3?op=1

What does this have to do with the subject of the Bullshit That Is BRICS De-dollarization?

UkraineIsTotallyFucked says

What does this have to do with the subject of the Bullshit That Is BRICS De-dollarization?

I guess no one knows why US is allowing so many illegals.
In future there will be silos, each country will have its own sphere of influence. They will trade within that sphere mostly. Hence they will not need dollars.

Why US needs the illegals. It needs them because citizens will not be willing to work for pennies as they have many defined benefits which will force them not to work for "free".

Without this labor US cannot make affordable products as it was importing them before. Now because of de-dollarization US has to make its own products for its consumption.

And with money being tight US will not have much money to spend towards defense.

indc says

guess no one knows why US is allowing so many illegals.
In future there will be silos, each country will have its own sphere of influence. They will trade within that sphere mostly. Hence they will not need dollars.

Why US needs the illegals. It needs them because citizens will not be willing to work for pennies as they have many defined benefits which will force them not to work for "free".

Without this labor US cannot make affordable products as it was importing them before. Now because of de-dollarization US has to make its own products for its consumption.

And with money being tight US will not have much money to spend towards defense.

Don't do drugs and post on PatNet at the same time.

UkraineIsTotallyFucked says

Don't do drugs and post on PatNet at the same time.

I appreciate you keeping this thread active. We dont know the future, but that is what the person in video is saying now.

All I am saying is be better prepared.

UkraineIsTotallyFucked says

indc says

guess no one knows why US is allowing so many illegals.
In future there will be silos, each country will have its own sphere of influence. They will trade within that sphere mostly. Hence they will not need dollars.

Why US needs the illegals. It needs them because citizens will not be willing to work for pennies as they have many defined benefits which will force them not to work for "free".

Without this labor US cannot make affordable products as it was importing them before. Now because of de-dollarization US has to make its own products for its consumption.

And with money being tight US will not have much money to spend towards defense.

Don't do drugs and post on PatNet at the same time.

Please tell me you are being coy as far as pretending the RINO's or Chamber of Commerce/Country Club Republicans are not supportive of an open border.

DaSantis is trying in Florida going after these bubba home builders and contractors hiring day workers who look like they could be extra's in Mel Gibson's Apocalypto.

My favorite sheriff Frank McKeithen (alias "Saint Frank") use to have his deputies park outside the high rises being built on the beach with their lights on.

That would cause at least 3/4 of the workforce at those sites to scatter like cockroaches. You ain't lucky unless you have a sheriff like Saint Frank.

The problem was the fucktard soy boy, white liberal media started to report this because it was too effective:

https://www.eastbaytimes.com/2007/06/28/florida-sheriff-targets-illegals-at-building-sites/

That is what they do, as you know you are a threat if they start giving you media coverage.

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UkraineIsTotallyFucked says

indc says

guess no one knows why US is allowing so many illegals.
In future there will be silos, each country will have its own sphere of influence. They will trade within that sphere mostly. Hence they will not need dollars.

I'm not sure if international trade will completely shut down. It may be a lot less as far as percentage of GDP as for example, the economy of exchanging goods and services transforms due to new technology and methods such as 3-D printing, etc.

Look at how just the US Postal Service was impacted by the Internet compared to the size of its workforce over the last 20 years. Population is increasing, yet the post office workforce has shrunk, albeit with some help from technology like auto mail sorters.

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AD says

I'm not sure if international trade will completely shut down.

I am not saying trade will shut down. It will not happen in dollars anymore. Trade will mostly happen within the sphere of influence.

China will work with East-Asian countries.
India will work with Indian Ocean countries.
African countries will work within the continent.
Same for South America.
Russia will work with Asian countries and maybe with Europe.
America and European countries will work closely which is same as now.

And dollar usage will drastically come down.

indc says

America and European countries will work closely which is same as now.

And dollar usage will drastically come down.

Okay just like what is happening now and I'll give credit to Biden as far as electronic manufacturing investments in the USA.

What does that mean for standard of living or quality of life in the USA ?

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indc says

"Can you guess why US is letting in so many illegals?"

Yes. The Uniparty wants them to vote in November.

UkraineIsTotallyFucked says

Don't do drugs and post on PatNet at the same time.

@UkraineTotallyFucked

https://twitter.com/MarioNawfal/status/1768579446221496773

TYSON FOODS HIRES ILLEGAL IMMIGRANTS WHILE LAYING OFF U.S WORKERS

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

This will happen more often after the elections.

indc says

UkraineTotallyFucked

https://twitter.com/MarioNawfal/status/1768579446221496773

TYSON FOODS HIRES ILLEGAL IMMIGRANTS WHILE LAYING OFF U.S WORKERS

So?

What does this have to do with BRICS and the bullshit thereof?

Nothing.

Same for real estate developers going bankrupt.

AD says

Okay just like what is happening now and I'll give credit to Biden as far as electronic manufacturing investments in the USA

What does that mean for standard of living or quality of life in the USA ?

https://twitter.com/RnaudBertrand/status/1768064540007404016
US re-industrialisation update: Samsung, LG, SK, all in the process of building semiconductors and battery factories in the US, "suspend US construction projects" amid labor and construction costs "rising at alarming pace".
------------------------------------------------------------------------------------------------------------------------------------------------------------------
As you can see just because you bring back manufacturing with subsidies nothing will happen as long as labor costs are not managed.
And that cannot happen unless standard of living and quality of life are compromised.

UkraineIsTotallyFucked says

So?

What does this have to do with BRICS and the bullshit thereof?

Nothing.

Same for real estate developers going bankrupt.

I agree you cant see how it leads to de-dollarization with this limited information. But if you see the progression of these events it will lead to no more can-kicking and hence de-dollarization.

You agree that interest rates will not go down, in a way that will also lead to de-dollarization.

indc says

But if you see the progression of these events it will lead to no more can-kicking and hence de-dollarization.

No. It does not.indc says

You agree that interest rates will not go down, in a way that will also lead to de-dollarization.

Nope. The opposite. Demand for dollars will rise.

UkraineIsTotallyFucked says

Nope. The opposite. Demand for dollars will rise.

You mean that if the 10 Year Treasury is paying at least 2% greater than the government-reported annual inflation such as PCE, then it will mean there will be more demand for "dollars" as in 10 Year Treasuries ?

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I remember from personal finance classes that you want to earn 4% plus annual inflation. So if annual inflation steadies at 3%, then you need to earn 7%.

This is based on premise you deduct around 3.5% a year as like an annuity and want your savings to appreciate at least at the rate of annual inflation.

Vanguard has a fund like Lifestrategy Conservative Growth Fund (60 bond/40 stocks) for this type of circumstance.

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AD says

.

I remember from personal finance classes that you want to earn 4% plus annual inflation. So if annual inflation steadies at 3%, then you need to earn 7%.

This is based on premise you deduct around 3.5% a year as like an annuity and want your savings to appreciate at least at the rate of annual inflation.

Vanguard has a fund like Lifestrategy Conservative Growth Fund (60 bond/40 stocks) for this type of circumstance.

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10 year Total rate of return on it is 4.68%. CPI increase has been 2.65% over the last 10 years. Puts the inflation adjusted @ about 2%, and that is with the stock market at an all time high. Better have it in an IRA or it sucks even more after taxes.

https://investor.vanguard.com/investment-products/mutual-funds/profile/vscgx#performance-fees

There is no fire and forget strategy. No matter what the investment companies say, you gotta try to time the market.

If you would've dollar cost averaged either into or out of it, the total return figures are also lower.

Misc says

10 year Total rate of return on it is 4.68%. CPI increase has been 2.65% over the last 10 years. Puts the inflation adjusted about 2%, and that is with the stock market at an all time high. Better have it in an IRA or it sucks even more after taxes.

https://investor.vanguard.com/investment-products/mutual-funds/profile/vscgx#performance-fees

Yes, because its bonds are essentially indexed to Vanguard's Total Bond Market ETF (ticker: BND), which obviously got its ass kicked when the Fed Funds rate went from 0.25% to 5.5% in about 12 months because inflation spiked to around 9%.

And since it apply a bond ladder strategy, the bond fund should recover after getting over the shock of inflation jumping that fast.

I would go back 25 years with this one. But its meant to be a safe way such as for a senior citizen to invest.

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IMHO the best investment people could have made was refinancing their 30 year fixed rate mortgage at under a 3% rate.

That simple deal outperformed pretty much every money manager out there, and most people did that with a huge percentage of their net wealth. Timing is everything. That and being given the opportunity.

I can see why Gen Z is clutching at straws like crypto, they have very little to invest in. Lots to speculate on, but nothing to invest in. At least their student loan rates are at about 1.5%. Kids looking at college now...about 5.5% on their student loans with no increase in salary compared to previous generations.

So for those just starting out, I don't know how much of a difference between them and someone starting out in a BRICS country there is.

AD says

You mean that if the 10 Year Treasury is paying at least 2% greater than the government-reported annual inflation such as PCE, then it will mean there will be more demand for "dollars" as in 10 Year Treasuries ?

I mean when interest rates go up period. Not limited to just the interest paid on Ts.

Commercial bonds (not involving RE obviously), CDs, mortgages, car loans, state and local, etc. And interest paid on dollar denominated paper foreigners have amongst each other in the eurodollar arena especially.

The entire kitchen sink.

Why would India buy Venezuelan oil when Saudi oil is literally right next door?

Dollar Milkshake Theory gets a boost:



https://wolfstreet.com/2024/04/16/yen-drops-to-155-against-usd-currency-collapse-at-work-50-against-usd-since-2012-32-since-2021/

But...but the dollar is going to shit!