patrick.net

HeadSet says

Anyone here know Chinese?

I will ask a Chinese friend.

Hindoo jokers can't build toilets and force drink "cow urine" for all diseases to masses...
To overcome their cowardice , incompetence and callousness .. Hindooo elite creates villains out of minorities.

Khalsa is coming to free Bhartis from "Hindooo imbeciles", They should get ready to suck the dick of their muslim invader masters in middle eastern deserts.

https://www.ntd.com/desantis-tears-into-fauci-after-leaked-emails-reignite-wuhan-lab-leak-theories_625638.html?utm_source=patrick.net&utm_medium=patrick.net&utm_campaign=patrick.net

“To me the most troubling thing was the way they were trying to scurry to tamp down any inquiry in the origins of COVID,” the governor said of the Fauci emails. “They did not want this lab leak hypothesis to be tested or investigated. And you have to understand why, especially now a year later when we know there really is no other really strong explanation for how this thing could have started.”

“I think that’s because there was U.S. money that has gone to fund this type of research,” he continued. “I think that some of these grants end up in these charities that can end up in Wuhan. And I think all that needs to be investigated.”

Yams and ammo.

Everyone knows that.

What do you mean by Carter-Style Inflation?

Diversify.

I'm going to get killed for saying this, but I suspect that's why crypto has blown up. All assets are inflated by crypto is the new gold. It's perceived as a store of value. Invest at your own risk.

If that's not your speed, invest in assets or industries that would benifit from the comming inflation / stagflation / hyperinflation. History dosent repeat itself, but its similar so look at the 70s for guidance. I'd say oil companies may be a good play.

Not sure on bonds, don't know much about them...

When in doubt there is always the three G's of survival. GOLD, GUNS and GROCERIES.

Diversify.

I'm going to get killed for saying this, but I suspect that's why crypto has blown up. All assets are inflated by crypto is the new gold. It's perceived as a store of value. Invest at your own risk.

If that's not your speed, invest in assets or industries that would benifit from the comming inflation / stagflation / hyperinflation. History dosent repeat itself, but its similar so look at the 70s for guidance. I'd say oil companies may be a good play.

Not sure on bonds, don't know much about them...

When in doubt there is always the three G's of survival. GOLD, GUNS and GROCERIES.

He says:

Yes, but it’s a bit awkwardly phrased.

It says: In made China

Thanks the CCP driven politicians who implemented lockdown of economy.
Why china didn't do so? How are they growing?
Because that's what "masters" do while "slaves" suffer.

Read How Muslim invaders and British plundered India's manufacturing and economic output.
Anybody guess where our manufacturing si going..may be to our CCP masters?

https://www.foxbusiness.com/economy/stagflation-worries-comparisons-jimmy-carter-1970s
Stagflation worries ignite comparisons to Carter's 1970s
Stagflation is defined as a period of inflation with declining economic output

The inflation of the 70s was partially or mostly caused by the Arabs.

Firstly, they stopped selling any oil to the West.(Oil Embargo)
Later, they jacked the price of oil way up.

I'm very worried about the absurd government debt spending lately.

My response is buying some Swiss stocks, ETF symbol FLSW.

But I'm not able to generate new money so I will put the proceeds from GME and my WFC when I close out my shares.

farmer2021 says

Stagflation worries ignite comparisons to Carter's 1970s

That's silly.

Carter inherited the situation from the previous administrations. He turned it around with his appointment of Volcker, which cost Carter his job.

There's a long article in today's WSJ with the whole narrative, that I lived through here in the US, with a Front Row Seat. Did you?

https://www.wsj.com/articles/when-americans-took-to-the-streets-over-inflation-11623412801

clambo says

I'm very worried

I think you can chill.

Differences between 1970's inflation, (ahem, farmer, Carter became president in 1977 and appointed Volcker in August 1979), common knowledge to all of us:

- Americans are up to their eyeballs in debt. They cannot afford the higher prices and so won't be able to pay them for everything. In stuff where they mostly only sold to the minority of affluent people, like plane tickets and so forth, there will be pricing power. But not so for other stuff. Most people will have to throttle back and make choices. For example, gasoline up about 50%. In 2008, when crude oil and gasoline prices spiked, people needed to buy gasoline to drive to their jobs. So when the price got too high, they had to make choices and so quit servicing their HELOCs and Liar Loan Mortgages. We know what happened next.

- In the 1960's and 1970's there weren't billions of folks in Shenzen and Bangalore who can replace American workers with the click of a mouse. So the positive feedback loop of wage price spiral won't be nearly so self-reinforcing.

Like the ®ealtors say, and like the Crypto Hipsters say, "It's Different This Time", Homie.

B.A.C.A.H. says

Like the ®ealtors say, and like the Crypto Hipsters say, "It's Different This Time", Homie.

HaHa.. We will find out it is never different.

First of all, he started on the ground floor of being a Toronto Raptors fan ... when no one else was.

Realize, in Boston, such a move would have failed because the original Boston Celtics were from my grandparents' generation, the era of Bob Cousy, just before the legend, Bill Russell, was drafted. And then, Cousy was the local college b-ball hero despite being a poor finisher, without Bill Sharman, on his side. This is something that the old folks don't like to talk about, because Cousy was never a Larry Bird.

In addition, Cousy never won a title w/o Russell. That's a fact enshrined among all Celtics fan, young and old.

Since Nav Bhatia wasn't in Boston during 1949-1950, it wouldn't have landed well with the locals.

So what this guy did was take an opportunity (since more Canadians respected the Boston Celtics of lore over any local b-ball team) and built a brand for himself. Trust me, I'd worked up north and yes, Boston was regarded as a far greater basketball town than anything within Canada.

And from what it looks it, he's succeeded & isn't starting some "Sikhs Lives Matter" M.O. up in Canada making his family and clan look like some disenfranchised victims across the Provinces.

Just the opposite :
He calls Canada greatest country on earth and describe it as a heaven.
Super thankful also for giving shelter after Sikh Genocide in Bharat.

Toronto Raptors Superfan Who Hasn’t Missed a Game Since 1995 Has the Most Incredible Immigrant Story

https://nextshark.com/immigrant-toronto-raptors-superfan/amp/

clambo says

The inflation of the 70s was partially or mostly caused by the Arabs.

That's right, it couldn't have come at a worse time. Prices were already starting to increase at the end of the 60's with the spending schemes of the Great Society--welfare spending I think had exploded in the 100's of percent immediately with the first programs in 1966. Inflation at 3% seemed high compared to the 1% of just two years earlier during a booming economy. It kept increasing and panicked Nixon as he approached the '72 election. The administration instituted wage and price controls in August, '72 for six months. I remember how elated my friends and I were that gasoline wouldn't go above 29 cents/gal, at least for awhile. You could pretty much guarantee you wouldn't get a raise, but everything else seemed to fit some kind of exception. They worked so poorly and caused so many distortions and shortages in markets they did what government always does and doubled down with Phase II. By mid-'73 it was obvious nothing was going to work so it was scrapped. So much inflationary pressure had built up, then the Arabs turned off the spigot towards the end of '73 and the rest was history. Prices exploded in '74 with double digit inflation every month for a yearly average of 13.5%--gas lines everywhere. It had some of the most ridiculous effects in the most unexpected places. A huge Christmas tree had been lighted every year in the upscale Highland Park neighborhood of Dallas since 1925 except for five years: 1942-1945 and 1974. Serial killings also exploded in 1974.

B.A.C.A.H. says

I lived through here in the US, with a Front Row Seat. Did you?

Yes, working at Lone Star Gas Co. from 1967 to 1997, the 70's were our boom years with exploding profits that were cut by the brilliant policies of the newly created Energy Dept., which never produced one barrel of oil and cubic foot of gas with their Windfall Profits Tax. An energy company could lose money hand over fist and lay off people in bad times, but let them for a season go the other way and they had to be punished by a democrat administration.

clambo says

they jacked the price of oil way up.

That was especially bad when the average new Chevrolet of 1975 weighed 4,200 lbs. and its choked down 350 got a maximum of 16 MPG highway, single digit in the city. Even four cylinder, 80 hp cars could barely make 20 MPG on the highway. Today, a 300 HP V-8 can get 30 MPG with its electronic controls and overdrive transmissions. That's why there were lines around every gas station--allocations allowed only 80% of what had been given a year earlier, creating a psychology that made people want to fill up when their gauge quickly descended to 3/4 full.

Even Jerry Ford got into the act during his brief administration: https://www.google.com/search?q=win+whip+inflation+now+buttons+images&sxsrf=ALeKk00a9CYgQKyRk1jaUAqBvQxcdyCN1g:1623527889170&tbm=isch&source=iu&ictx=1&fir=ADoWJmZEHBVtTM%252CVN51OE8Uf78QTM%252C_&vet=1&usg=AI4_-kT297MferiDgelaa4t0OARG0jGLEQ&sa=X&ved=2ahUKEwi6h_fY8JLxAhXKPn0KHUypAg4Q9QF6BAgIEAE#imgrc=ADoWJmZEHBVtTM

farmer2021 says

Stagflation worries ignite comparisons to Carter's 1970s

NDrLoR says

Prices were already starting to increase at the end of the 60's with the spending schemes of the Great Society--welfare spending I think had exploded in the 100's of percent immediately with the first programs in 1966. Inflation at 3% seemed high compared to the 1% of just two years earlier during a booming economy. It kept increasing and panicked Nixon as he approached the '72 election. The administration instituted wage and price controls in August, '72 for six months.

Yes, farmer, we were here, we lived it, we know. It was not Carter-style inflation. Carter started the end of the inflation by his appointment of Volcker, which cost Carter his job.

I am not a Carter FanBoy. I even voted against him in 1980. But to label what happened as Carter-Style Inflation is wrong. (Maybe since he was a Democrat who was trounced from office, you're repeating Republican Family Values Hate Speak?).

Great men following Carter, Obama, and Biden types are soon upstage their predecessors, purely just by invoking some classic "Give a Shitness" political will.

Evil people and their misdeeds are quickly erased and any illusion that they were ever the "New Normal" is always sorted out, as pure Commie Liberal filth induced Defeatism.

Leftist are straight up cold stone losers that cowtow to defeat on every front. They hate and loath greatness, and will always push to elevate the lowest denominator to new Norm.

It's just how they are.
You can be an American, or you can just own and chose to preside on some of the world's most sought after Real Estate in the world. The Choice is up to you, but this is not how we roll. And America is more than a geographic location, or a Liberal Media quip.

Ok, so what's the issue here?

I mean is it wrong to be the biggest fan of a city's nascent basketball team, just because one's a Sikh immigrant and not from Boston?

I'm no expert, but I kinda view the dem strategy as wanting to raise taxes in typical donkey fashion. But, they don't want to crash the economy, so they're pushing hard for stimulus sufficient to counter the smothering effects of a tax increase.

I felt like Trump did a similar thing - he poured some gas on an already roaring economy to make sure his trade war with chyna didn't crash the market. He didn't want chyna to be able to strategically fight back via price changes or supply changes, potentially crashing certain market segments by spotting something on the edge, and pushing it over.

Anyway, I feel like in general, dems are trying to cause some asset inflation, and I feel this way because many of their desired tax changes would well position them for sweet tax incomes, if asset prices rise. Like,
-taxing capital gains as regular income.
-getting rid of the step up in basis for inherited assets.
-taxing inherited assets upon inheritance, instead of upon future sale.
-$15 min wage (will cause general price inflation for common things that most ppl buy, like shelter, food, fuel)
CA:
-bringing back the SALT tax deductions, which juice RE prices.
-trying to push the new bill which would subsidize 45% of home purchases, and securitize it, creating a fund that the public can invest in. This would juice CA RE prices too.

My guess is they will try hard not to crash RE prices. Especially since most donkey voters are in big cities, where RE is majorly inflated, and would also deflate most rapidly if they caused such a condition. Also, RE asset inflation doesn't directly affect the CPI inflation, so its "safe" for them to inflate here.

I'm not certain, as I don't really know much about economics, but I'm not convinced were likely to enter some new inflationary normal. Interest rates have been going down down down for 30+ yrs, and I'm not seeing some major policy change that screams inflationary to me. I hear lots of people say the inflation will be temporary, mostly this year. But then again maybe it doesn't really take much, it just needs a small change in the right place to cause inflation. Not sure.

Rin says

Ok, so what's the issue here?

I mean is it wrong to be the biggest fan of a city's nascent basketball team, just because one's a Sikh immigrant and not from Boston?

No issues on my side. I am just wondering how it will be perceived.

Tenpoundbass says

Great men following Carter, Obama, and Biden types are soon upstage their predecessors, purely just by invoking some classic "Give a Shitness" political will.

Evil people and their misdeeds are quickly erased and any illusion that they were ever the "New Normal" is always sorted out, as pure Commie Liberal filth induced Defeatism.

Leftist are straight up cold stone losers that cowtow to defeat on every front. They hate and loath greatness, and will always push to elevate the lowest denominator to new Norm.

It's just how they are.
You can be an American, or you can just own and chose to preside on some of the world's most sought after Real Estate in the world. The Choice is up to you, but this is not how we roll. And America is more than a geographic location, or a Liberal Media quip.

Hope so. Xiden is not good for our country and future of our kids.
Rich communist are not good for world. World have only faced "poor communists".. Not sure How this new breed will use their wealth transferred from regular Americans though their puppy called "wall street".
https://www.usnews.com/news/best-countries/articles/2019-12-24/china-surpasses-the-us-in-wealth-of-top-10

There is zero reason for common people to hate each other.
More we do so, More control we give to elites to manipulate us... listening ANTIFA/BLM ?
Instead we should use our energy to discipline and punish elites for their "hatred spreading selfish" agenda.

‘We make mistakes’: Raptors superfan Nav Bhatia puts positive spin on Bucks’ fan’s racist tweet
https://globalnews.ca/news/5324784/toronto-raptors-superfan-nav-bhatia/
“When I came here over 30 years ago to this country, I faced insults like that. But I don’t fight insults with insults back,” Bhatia said.
But Bhatia took the incident in stride, saying he “changed that negative thing into a very positive thing.”

farmer2021 says

Instead we should use our energy to discipline and punish elites for their "hatred spreading selfish" agenda.

Absolutely.

But how? That's the question?

We no longer have democracy.

Patrick says

farmer2021 says

Instead we should use our energy to discipline and punish elites for their "hatred spreading selfish" agenda.

Absolutely.

But how? That's the question?

We no longer have democracy.

I guess everybody needs to experience "bad outcome" before they come to their senses.
I see that even hard core liberal buds of mine and unhappy with Xiden and "mind-altering" education lefties teach their kids.
(See difference between liberal and lefty.. That needs to be reinforced and illiberal lefties hide in liberal skin).

Trump have cringe worthy personality and widespread "dislike" for Trump personally let Lefties slip in their nefarious ideas.
With Trump not at helm, I think some critical analysis likely will happen.
... But I can clearly see that at top US govt is behaving very fishy.. Not sure if military cast a net for CCP or our government is in CCP net...

Hircus says

-$15 min wage (will cause general price inflation for common things that most ppl buy, like shelter, food, fuel)

Nope. It will cause unemployment in areas where the prevailing wage is below $15/hr. The $15/hr min wage policy suits the Dems because they can use it to virtue signal to the base, while knowing that policy will cause employers to outsource even more to China. Thus they look like they are taking up for the wage workers while actually pleasing their Chinese bosses. Fast food and similar will see in influx of kiosk ordering and mechanized cooking. Sit at the table, order via tablet, food is cooked by a robot and delivered to the table by a wheeled drone.

farmer2021 says

Not sure if military cast a net for CCP or our government is in CCP net...

CCP has undue influence over American businesses by teasing access to the Chinese market, China being a source for cheap production, and Chinese ownership of so much enterprise in the US. Add to that the purchased influence of elite American universities and the outright bribery of member of the US Government and public officials. Look close and you will see how the Dem/RINO alliance is under the thumb of the CCP. Trump was the only threat to such which is why all those China influenced politicos banded together to do the after hours election steal.

Supply crunch + inflation quick answer that's why I'm in these sectors Coal, Rare Earths Offshore Drillers, Russian Oil companies, Copper( battery metal) Agriculture ( fertilizer) Shipping, PM, Uranium, guns (VSTO)

I'm still trying to gain exposure to each sector. Takes time and I use TA to time entry but wow it's working great. I told friends and family to get in Uranium in Dec man they would be so happy now~

Not all my doing work with hedge fund manager.

If you need names let me know.

HeadSet says

Hircus says

-$15 min wage (will cause general price inflation for common things that most ppl buy, like shelter, food, fuel)

Nope. It will cause unemployment in areas where the prevailing wage is below $15/hr.

I dunno.

I don't disagree that raising the min wage will increase unemployment / reduced hours, but to me it still seems like more money is being paid out.

i.e.,
if at $10hr a company employs 10 people = $4000/wk
then at $15/hr, some companies might fire everyone and go out of business, some might fire nobody, and keep hours the same, paying more than in $4000 labor costs, while some others might cut employees and/or hours in order to stay at the same fixed $4000/wk labor. But I think in general, while some employees and hours will be cut, I think most businesses will pay more than 4000/wk in labor, and most will also simultaneously raise their prices. The labor replacements, like kiosks, only get used to some degree.

-If they raise prices, there's some inflation right there.
-If they pay out more in labor dollars, that's more money into the hands of a group of people that as far as I'm aware of, tends to quickly spend their larger paycheck, usually on trifles.
-The unemployed people will likely still receive some portion of their salary via unemployment and/or welfare.

Now that I think about it, the unemployed will need to cut consumption of certain goods and/or find alternatives. But, the people who got a raise will spend some of their raise on different goods. A spending excess in one group, a deficit in the other group. This might make a net effect of reduced prices for some goods, and increased prices for others.

Maybe I'm just way oversimplifying, and there's more complex dynamics that I'm not considering, but to me it seems inflationary. Or maybe I'm underestimating how many labor replacements are employed, eliminating payroll with capital spending.

Hircus says

I don't disagree that raising the min wage will increase unemployment / reduced hours, but to me it still seems like more money is being paid out.

Where would this extra money come from? Market determines price of product, not your costs. A company like Apple sells its product at about twice cost, since that is what the market will pay. Apple could pay out higher labor costs and stay in business. Other companies cannot, as the market will not permit a raised cost. For example, the cab company I work at has about 20 call takers making about $10 - $12 per hour. If the state of VA decides to pass that $15/hour wage. those call takers will be laid off and calls will be answered by an agency based in the Philippines.

I think the Dems will hold off on the $15 until inflation makes $15/hr is near the prevailing wage. Then they will pass it to help big donors like Walmart to destroy the competition. In the mean time, the Dems will just talk about a $15/hr wage.

I ordered a roll of these just now.

I may need to consider this

clambo says

I'm very worried about the absurd government debt spending lately.

It's only paper; kind of like most of our portfolios.

farmer2021 says

Patrick's forum as here nobody is selling anything to bamboozle you for own profits.

Wanna buy some "GetRichQuick" crypto coins?

Send me a hundred bucks and I will start mining.

https://rumble.com/vigmep-these-leftists-are-calling-for-the-genocide-of-white-people.html?mref=patrick.net

Sikhs were disarmed before genocide by police.
If whites have common sense they will never disarm.

http://www.discoversikhism.com/sikh_genocide/sequence_of_events.html
1984 Delhi Sikh Genocide - Sequence Of Events

https://www.theepochtimes.com/mkt_breakingnews/nato-turns-its-focus-to-chinese-regimes-rising-ambitions_3857873.html?utm_source=patrick.net&utm_medium=patrick.net&utm_campaign=patrick.net

NATO Toughens Stance on Chinese Regime, Says Beijing Presents ‘Systemic Challenge’
BY CATHY HE June 14, 2021

The North Atlantic Treaty Organization (NATO) will confront the Chinese regime’s growing military ambition for the first time, the 30-nation Western alliance said on June 14, describing Beijing as presenting “systemic challenges” to the global order.

Patrick says

The North Atlantic Treaty Organization (NATO) will confront the Chinese regime’s growing military ambition for the first time

Hardly. They will just have some ramped up discussions, and dump money into the 3rd world countries to "counter CCP influence."

HeadSet says

What does the Chinese writing say? It does resemble the typical "Made in China" 中國製造 except for being upside down and two characters are different.

Most likely another word choice meaning the same thing? I would hate to fall for a gag. Anyone here know Chinese?

Good observation. I asked a trilingual friend whose native language is Chinese. He says the Chinese words part of the label means "is making China" or "is in the process of making China (great)"; the word "in" (pronounced "zai") in Chinese denotes both spatial and temporal "in the middle of," and the Chinese language doesn't have tense difference such as "made" vs. "making," or passive-voice vs. active-voice (the two words/tenses/voices are exactly the same in Chinese), so the meaning (consequently the tense in English translation) has to be context-dependent. The implicit "(great)" at the tail end is a common linguistic practice among languages/cultures rich in sub-text communication such as Japanese and Chinese; they often skip the most obvious part in expression.