Waiting
to see what happens is not the same as having a plan.
Do
The Math: ATM
fees are now $4.50 a transaction and climbing. If you are taking out
$100, that's the same as paying them $4.50 to hold on your money for
a while. Negative interest writ large. Why would you pay that? And
don't even think about taking out just $20 to pay the babysitter –
that's a 22.5% fee.
Perspective:
According to the UN there are 68.5 million refugees in the world
today. Jordan has
taken in more than 2.7 million people, Turkey, over 2.5 million;
Pakistan, 1.6 million; and Lebanon, more than 1.5 million.
More
than 10,000 refugees were rescued from the Mediterranean in the
last two days. Last year the US took in about
85,000 refugees, but only 18,000 from Asia/Me (12.5 thousand from
Syria) and 22,000 from Africa, mostly the DRC.
The
Gig Economy:
Nearly 55 million Americans are, in one way or another, freelancers –
self employed, contract, and so on – with no benefits. That's
nearly
35% of the workforce.
Wonderment:
What if super-low, zero and negative interest rates are not some sort
of sick joke and turn out to be an accurate predictor? What if there is
little or no growth in the economy for the next decade or two?
Did
you plan accordingly? The Big Money boys haven't, and come the
day they have to mark all those 'investments' to actual market values
will certainly be one for the record books. It would (will?) be a
massive economic disaster. And
certainly not
the
future they – and
we - have prepared for.
Days
Of Whine & Ruses:
Are the members of the Fed simply fools who think they know what
they're doing, or charlatans who know they don't?
A
Parting Shot:
5 comments:
Various and sundry...
Math. Remember when they first introduced the machines, and begged us to use them. Massive cost savings become massive fee generator. That's the genius of capitalism: take what was free and find a way to charge for it.
Wiretap. Badges? We ain't got no badges. We don't need no stinking badges.
Refuges. Are only useful if they have computer skills or can cut up chicken. And the chicken cutting is moving to China soon.
Gig economy. So, they don't know where their next meal will come from. They don't know how they'll pay for the next doctor bill. And they don't know where their next paycheck will come from, or when, or how much. Perfect.
Wonderment. Don't fret over the mark-to-market. That will never happen. If it happens, it will never be published. If it is published, it will be covered up with lies. Companies will simply disappear in the night, not leaving so much as a note. Everything was fine, then they went out for a pack of cigarettes...
The Fed. That's the essential question in the Age of Bulls**t - are they lying, faking it till they make it, or whistling past the graveyard? Only their proctologist knows for sure.
Thank you and AMEN, Mc Mike, Happy Friday!
Charles,
May I ask a favor of you? If you know the name of the flower or plant or the place in your photos, would you please list it? I puzzle over it all day...
Thanks,
Teresa
Well, within wide latitudes, I can try to ID most of the shots. Generally 'where' for vegetation is in parks and gardens in Middle Tennessee.
When I have time, I will gladly do so.
i love the sarcasm about "legality." Now we are way far down the Rabbit Hole, no telling what's what. Now with "The Red Queen and all that." Imagine if someone actually had to "pay" for their crime. lol. Not likely in the "American Empire".
Inverted totalitarianism is what I've heard it called. It just looks like plain old Fascism. Business running Government. Nobody can "beat" inverted totalitarianism that big words. Most Americans don't know we are living under "austerity", either. big words for America. lol. Easy Marks in the Market.
The flower looks like a pansy to me.
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