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  1. #201

    Re: Economy and Finance Thread

    Quote Originally Posted by a.wayne View Post
    Civil war ! Where ....?
    What we witnessed on the streets last year was not a mini civil war? It’s normal to light buildings on fire with people in them?

  2. #202

    Re: Economy and Finance Thread

    Quote Originally Posted by a.wayne View Post
    Its only sad if you believe it ....!
    Of course I don’t believe it. JB got our back, he will be a hero.

  3. #203
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    Re: Economy and Finance Thread

    Quote Originally Posted by TheOctopus View Post
    What we witnessed on the streets last year was not a mini civil war? It’s normal to light buildings on fire with people in them?
    Uncivil but-no war , war requires opposing force so unless you plan on making Magico vs WA claims i don't see it happening ..





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  4. #204

    Re: Economy and Finance Thread

    Quote Originally Posted by a.wayne View Post
    Uncivil but-no war , war requires opposing force so unless you plan on making Magico vs WA claims i don't see it happening ..





    Regards
    I’m not going to get into it but you should analyze what you said. There were opposing forces.

  5. #205

    Re: Economy and Finance Thread

    Smartest thing I have heard in a long time



  6. #206
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    Economy and Finance Thread

    I


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  7. #207

    Re: Economy and Finance Thread

    Nothing like wasting money on wars and arms and arming the adversaries with your own weapons...

    Taliban celebrate their new US arsenal: Rifles, Humvees, ammo - CNNPolitics

  8. #208
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    Re: Economy and Finance Thread

    Quote Originally Posted by TheOctopus View Post
    Nothing like wasting money on wars and arms and arming the adversaries with your own weapons...
    Serge, I could not bear to check 'Like this post' for it is truly sad and disgusting .....
    Cheers ! …. Dave

  9. #209
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    Re: Economy and Finance Thread

    See, I told you guys that this thread could not exist without Politics. We all need to pray that the White Hats turn this mess around or we can all kiss our money and economy goodbye.
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  10. #210
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    Re: Economy and Finance Thread

    What mess ? its all going according to plan ..... !

  11. #211

    Re: Economy and Finance Thread

    Quote Originally Posted by Mikado463 View Post
    Serge, I could not bear to check 'Like this post' for it is truly sad and disgusting .....
    I know what you mean Dave. Not the first time we are in this situation either. History repeats itself over and over...

  12. #212
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    Re: Economy and Finance Thread

    Gold???
    Jock

    If you have integrity, nothing else matters. If you don't have integrity, nothing else matters.

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  13. #213
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    Re: Economy and Finance Thread

    Gold doesn't bring water (rain). It's useless. Water brings forests, irrigates food crops, vineyards, saves lives, children, men and women. Water is life. Invest in water supplies, regenerating potable water, clean water, contaminant-free.

    EXPLAINER: Western states face first federal water cuts

    Pure gold, 24karats, 💎 diamonds, guns have no properties in saving the planet. ...Just the total opposite ... destruction, wars, etc. ...Bad investments, not good for a sane, safe, healthy and prosperous economy ... just like make-ups and mascara products (oil and animals based); bad for the face, bad for the oceans, for the 🐳 whales.

    Nuclear fusion; that's one spot to invest for a better economy. IMO ... calculated opinion.
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  14. #214

    Re: Economy and Finance Thread

    This bit of news/update made me laugh. Space suits were not a problem in 1969 but NASA needed 14 years to design them this time around and still not done? Hmm…


    NASA Wants To Return To The Moon By 2024, But The Spacesuits Won't Be Ready | 90.1 FM WABE

  15. #215
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    Re: Economy and Finance Thread

    Quote Originally Posted by TheOctopus View Post
    This bit of news/update made me laugh. Space suits were not a problem in 1969 but NASA needed 14 years to design them this time around and still not done? Hmm…


    NASA Wants To Return To The Moon By 2024, But The Spacesuits Won't Be Ready | 90.1 FM WABE

    I like this article same subject. A little more detail as why they need to spend up to a billion dollars on new suits. Current spacesuits won’t cut it on the moon. So NASA made new ones. | MIT Technology Review
    2chl : Vincent Sp331MkII, W4S STP-SE Stage 2, Kef 201/2, KEF 140, Vapor Breeze, Lumin, Bryston CD, BHA-1, Quicksilver Headamp, HD650, HD800s, HD820's, Dan Clark 1.1, Focal Stellia, OPPO 203, 105. ( Boxed up: Pass Xa-30.5, VPI Classic, Dynavector DV-20XL, Manley Chinook, Cadenza Bronze)

  16. #216

    Re: Economy and Finance Thread

    Quote Originally Posted by CPP View Post
    I like this article same subject. A little more detail as why they need to spend up to a billion dollars on new suits. Current spacesuits won’t cut it on the moon. So NASA made new ones. | MIT Technology Review
    Sure, it is a serious project but 14 years??? Give me a break! Take a look at how things developed for Apollo 11 mission in 1969. 50 Years Ago: Apollo 11 Preparations | NASA

  17. #217
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    Re: Economy and Finance Thread

    Quote Originally Posted by TheOctopus View Post
    Sure, it is a serious project but 14 years??? Give me a break! Take a look at how things developed for Apollo 11 mission in 1969. 50 Years Ago: Apollo 11 Preparations | NASA
    14 years, 10 years, they most likely have already got a suit designed to withstand the moon dust and are just padding the report to obtain continued funding.
    2chl : Vincent Sp331MkII, W4S STP-SE Stage 2, Kef 201/2, KEF 140, Vapor Breeze, Lumin, Bryston CD, BHA-1, Quicksilver Headamp, HD650, HD800s, HD820's, Dan Clark 1.1, Focal Stellia, OPPO 203, 105. ( Boxed up: Pass Xa-30.5, VPI Classic, Dynavector DV-20XL, Manley Chinook, Cadenza Bronze)

  18. #218

    Re: Economy and Finance Thread

    Quote Originally Posted by CPP View Post
    14 years, 10 years, they most likely have already got a suit designed to withstand the moon dust and are just padding the report to obtain continued funding.
    Well, believe it or not... Only recently have the "radiation levels" on the Moon been actually measured. The Chinese had to do it with their lunar probe Chang E4 in 2019. It wasn't good news. The radiation is 3 times the level of the dose experienced on the ISS in low orbit and 200 times the amount of surface radiation on Earth. Again, wasn't a problem in 1969 supposedly but a few days is not exactly a prolonged stay as they are planning this time around. To stay on the surface of the Moon is to dig deep and stay protected.

    First measurements of the radiation dose on the lunar surface | Science Advances

  19. #219

    Re: Economy and Finance Thread

    If Lehman Brothers was the trigger for the financial collapse and worldwide ripples with their $3 Billion bad debt back in '08, I would imagine the Chinese Evergrande with their $300 Billion default will also have an impact this time around. There are over 100 banks and various funds that are directly connected to the Chinese corporate titan. China has many tricks up its sleeve and the impact will be much softer internally but in the mean time, the US Bonds of Evergrande are selling at 30 cents on the dollar...

  20. #220

    Re: Economy and Finance Thread

    Evergrande's 15 residential blocks worth of buildings that sat unfinished for over 8 years are demolished... Poof goes investor's money...

    https://twitter.com/Ian_Fraser/statu...de%2F100472190

  21. #221

    Re: Economy and Finance Thread

    While on the topic.. Didn't think it was even possible to make such brittle steel. That has to be some kind of talent?

    Learned a new term.. TOFU-DREG.


  22. #222
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    Re: Economy and Finance Thread

    Quote Originally Posted by TheOctopus View Post
    Evergrande's 15 residential blocks worth of buildings that sat unfinished for over 8 years are demolished... Poof goes investor's money...

    https://twitter.com/Ian_Fraser/statu...de%2F100472190
    Or even check out Vegas. So many, "LOTS", never opened or got to a construction completion stage. Hate to use Wikipedia but List of Las Vegas casinos that never opened - Wikipedia
    2chl : Vincent Sp331MkII, W4S STP-SE Stage 2, Kef 201/2, KEF 140, Vapor Breeze, Lumin, Bryston CD, BHA-1, Quicksilver Headamp, HD650, HD800s, HD820's, Dan Clark 1.1, Focal Stellia, OPPO 203, 105. ( Boxed up: Pass Xa-30.5, VPI Classic, Dynavector DV-20XL, Manley Chinook, Cadenza Bronze)

  23. #223

    Re: Economy and Finance Thread

    Quote Originally Posted by CPP View Post
    Or even check out Vegas. So many, "LOTS", never opened or got to a construction completion stage. Hate to use Wikipedia but List of Las Vegas casinos that never opened - Wikipedia
    Shame... I think Playboy Hotel and Casino would have been a success!

  24. #224

    Re: Economy and Finance Thread

    A 1400 year old bridge still stands yet China lost 37 new bridges within 5 years. They definitely don't build like they used to...


  25. #225

    Re: Economy and Finance Thread

    China's massive power outages are leaving many factories closed and is threatening global supply chain. Europe is also experiencing tight energy supply...

    Prepare for some empty shelves in 3,2,1... ?

  26. #226
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    Re: Economy and Finance Thread

    Quote Originally Posted by TheOctopus View Post
    A 1400 year old bridge still stands yet China lost 37 new bridges within 5 years. They definitely don't build like they used to...
    sounds like PennDOT .........
    Cheers ! …. Dave

  27. #227

    Re: Economy and Finance Thread

    This is starting to sting the average Joe more painfully than usual... (quotes from a few various sources)



    Annual inflation rose at its fastest pace in more than 30 years during September despite a decline in personal income, the Commerce Department reported Friday.

    Headline price pressures as gauged by the personal consumption expenditures price index including food and energy increased 0.3% for the month, pushing the year-over-year gain to 4.4%. That’s the fastest pace since January 1991.

    Stripping out food and energy costs, inflation rose 0.2% for the month, in line with the Dow Jones estimate, and 3.6% for the 12-month period, unchanged from August but good for the highest since May 1991.


    The headline inflation rate was pushed by a 24.9% increase in energy costs and a 4.1% gain in food. Services inflation rose 6.4% on the year while goods increased 5.9%.

    The inflation and income numbers come as the Fed is grappling with the specter of higher prices and lower growth. Gross domestic product increased at just a 2% annualized pace in the third quarter, the slowest since the recovery began off a recession that ended in April 2020.


    You’re not imagining things. The price of gas is getting absurd. Unfortunately, it’s going to go even higher before things get better—and there’s no telling where the ceiling might be.

    The national average for a gallon of regular unleaded stands at $3.27, according to AAA. That’s $1.09 more than a year ago, when most people were long past the stay-at-home orders of the pandemic. And it’s a 10-cent increase over a month ago.


    With food prices surging, many Americans have found their household budgets upended, forcing difficult choices at the supermarket and putting new demands on programs intended to help.

    Food banks and pantries, too, are struggling with the increase in costs, substituting or pulling the most expensive products, like beef, from offerings. What’s more, donations of food are down, even as the number of people seeking help remains elevated.

    Even well-off Americans have noticed that many items are commanding higher prices, but they can still manage. It’s different for people with limited means.


    Prices of meat, poultry, fish and eggs in U.S. cities are up 15 percent since the start of 2020, according to the Bureau of Labor Statistics.

    The run-up in costs at the supermarket comes even as gasoline prices have risen and natural gas and heating oil prices are predicted to be higher this winter, putting further pressure on those with low incomes.

    In addition, the mammoth assistance programs rolled out by the federal government in response to the pandemic in 2020 have largely lapsed. While some households built up savings from government payments, others have little room for extra expenses.

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