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#Post#: 1340--------------------------------------------------
Where have all the Wage Slaves gone?
By: RE Date: October 20, 2021, 2:58 pm
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This question is plaguing employers in just about every job
category these days, and numerous explanations are floated in
the MSM Now, why won't they WORK? lol. One aspect of it is
Fear of Covid, of course. Nurse's Aid is now the most Dangerous
job category, so this is not unreasonable for them. They don't
get Danger pay for doing a risky job.
Another reason often cited is a "Wage Slave Revolt" among people
in the low wage service industry sector as explanation for why
Mickey D's can't get enough burger flippers and Walmart can't
find enough Cashiers and Stockboys. Since these jobs are most
often filled by young people who live with parents, they simply
stay home and text their friends, reducing their costs for going
out to socialize. They don't need a car for this which keeps
the cost down.
Another reason cited is a dearth of QUALIFIED workers, not of
workers overall. Too many potential Wage Slaves have Criminal
Records, Drug Addictions, Pschological Problems or are Morbidly
Obese. This has even hit Military Recruitment. Fat people
don't make very good soldiers of course. They don't move too
fast and they present a real big target for Snipers. lol. The
military has now instituded Weight Loss programs for potential
recruits. At least so far though, they aren't doing free
Liposuction when they walk in the recruiting office.
All of these rationales do contribute to the problem but are not
the primary reason, IMHO. It's DEMOGRAPHICS, laid on top of the
Covid pandemic. Normally every year a certain number of people
retire and new HS & College grads join the workforce. With the
onset of Covid, older workers retired faster and nwbies joined
slower. That is 2 years worth of a building deficit. Now you
can't catch up because every year there are more retirees and
Dead People than there are new wage slaves to replace them.
What Covid did was accelerate a problem we would have run into
anyhow. Why are Nurses and Nurses Aids in such short supply?
Because as the Boomers age more are required, but there is an
ever shrinking pool of "qualified" personnel to fill the job
spots. More HS grads stay in skule on loans to get the nursing
ticket, thus shrinking the available pool of recent grads to
fill the burger flipping jobs at Wendy's. You can see how this
ends up rippling through every job category.
The latest ploy is to try to convince retired oldsters to go
BACK to work, especially if they worked in a "critical"
ptofession. Or take on some low level job rather than sit home
in the Rocking Chair. One former FBI agent is now driving a
schoolbus because he says, "We're needed". lol. This however
is the exception rather than the rule. People who worked for 40
or more years in jobs they mostly hated want to relax for the
few years they have left walking the earth.
This is another one of the insoluble problems we have as we fall
off the Demographic Cliff. Unless more people are born than
those who retire or die, you will always be short of workers,
unless of course the number of available jobs also shrinks.
That however is ashrinking economy, which no Capitalist wants.
No Growth, no ROI.
Next year, there will be still fewer aviable young wage slaves
and still more retired and dead people, so this problem will not
go away too soon.
#Post#: 1342--------------------------------------------------
Re: Economy Errata
By: Phil Potts Date: October 20, 2021, 8:10 pm
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One vid KD posted mentioned that for one trucker in the US the
difference between not working and working amounted to 5k$, all
considered.
It was Toll Group a couple of weeks ago, now a few other big
freight companies.
HTML https://www.google.com/amp/s/7news.com.au/business/australia-post/second-startrack-delivery-strike-in-month-c-4292603.amp
HTML https://youtu.be/jQn7_EtIhUg
#Post#: 1349--------------------------------------------------
Hyperinflation vs Deflation
By: RE Date: October 21, 2021, 3:22 pm
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Well, after a decade Speedy Gonzalo Lira finally has the long
expected Hyperinflation he (and many others) said would result
from the endless Helicopter money being sprinkled out by Da Fed
and the ECB. Food prices and Energy prices are rocketing
through the roof. The Deflationary phase is over-for now.
For the entire existence of the Diner, the Deflation v
Hyperinflation debate raged non-stop. The thread focused on the
topic was 1000s of posts long by the time I shut down the Diner
in 2020. The whole debate however really does not address the
problem, which in both cases is the loss of purchasing power.
In a deflationary spiral there are still some goods to buy, but
most people don't have money to buy them. In an inflationary
spiral,, the price of goods goes up so fast most people STILL
don't have enough money to buy them.
In either case, at some point the Producers of the goods start
to go outta biz because most people don't have the money to by
the goods. This is not too bad if it just hits Toy
Manufacturers, you can just give the kids an empty box to play
with, they usually like that better anyhow. lol. When Energy
distributors and Food producers start to collapse though, things
get serious.
CBs issue more money by buying "assets", which at some point
they supposedly will sell off. Those assets are other people's
debt. What happens though if the CB can't find buyers for this
debt? It starts to drop in value. Thus Evergrande today missed
another Bond due date because it couldn't sell ~3B worth af its
assets to anybody. Apparently even the PBoC wouldn't step in
and buy this dogshit.
Malinvestment has been running amok for years, actually
centuries now. Cars, Airplanes, Railroads, all were
malinvestments. All have gone bankrupt, then refinanced by Da
Goobermint.Today, you have enormous malinvestment in Chinese RE
and Tesla EVs. Elon Musk now holds the title of "Richest Man on
Earth" over Jeff Bezos and Bill Gates. What Elon really is is
the most Indebted man on Earth, at least his companies are.
They will go BK too in the bye & bye, although Elon will give
himself a nice Bonus before filing for Chapter 11.
HI or Def, there will NOT be 2 Tesla EVs in every garage or
enough Juice running through the grid to power the ones that do
get produced before the company goes BK. There will not be
enough Chinese to buy the apartments that Evergrande built.
These companies, whose debt and equity are held now as assets
and then rehypothecated many times over are all essentially
worthless. If you can sell them, you'll get pennies on the
dollar for them.
Food inflation can be somewhat ameliorated here in the FSoA by
Da Goobermint by pitching out more Stimulus money to the local
population, or increasing the COLA for SS, which they are
currently doing. It cannot however be masked for the rest of
the population on the planet, who will NOT get a stimulus check.
Already unaffordable food for them will still be more
unaffordable. Not a good situation for political stability.
Critical mass approaches. A shytstorm is on the horizon.
RE
#Post#: 1401--------------------------------------------------
If China's economy keeps stumbling, it won't just take down Beij
ing — the whole world will collapse with it
By: RE Date: October 24, 2021, 3:05 pm
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If China's economy keeps stumbling, it won't just take down
Beijing — the whole world will collapse with it
HTML https://www.businessinsider.com/china-economy-xi-jinping-evergrande-debt-american-world-fallout-2021-10
#Post#: 1475--------------------------------------------------
Re: Economy Errata
By: Digwe Must Date: October 31, 2021, 2:50 pm
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[quote author=RE link=topic=60.msg1401#msg1401 date=1635105925]
If China's economy keeps stumbling, it won't just take down
Beijing — the whole world will collapse with it
HTML https://www.businessinsider.com/china-economy-xi-jinping-evergrande-debt-american-world-fallout-2021-10
[/quote]
According to Charles Hugh Smith, it's not "if" but when.
HTML https://www.oftwominds.com/blog.html
#Post#: 1478--------------------------------------------------
Re: Economy Errata
By: Phil Potts Date: October 31, 2021, 4:43 pm
---------------------------------------------------------
CHS does a far better job here of trying to see through slanty
eyes than the typical domestic compensating reflected in the
headlines he quoted, but falls a little short.
You can't simultaneously say there's a disastrous demographic
cliff in one breath, while saying in the next that energy
shortages are another problem they face. It should be obvious
the former helps with the latter. Theres also a big assumption
that their system works the same way as our own, with several
young workers required to pay for the retirement of each senior
citizen, who consumes hundreds of thousand of dollars in medical
care. It never occurs they might take care of that as
efficiently as building roads and bridges compared to our own.
He also falls for the constant western wishful thinking that
their central govt is barely maintaining a grip on power. How
many years of crying this wolf with no sign of it showing up?
Yesterday again there were protests in Oz, NZ, UK and Europe of
crowds in the hundreds of thousands, making Vietnam, OWS and BLM
crowds look minute. These are totally ignored by the leaders who
all exempt themselves from the mandates being protested. These
crowds are reported as hundreds of people if reported at all,
journalism left on the same train as transparency and
accountability in this system.
Predictably, Lucy snatched away the football again from a month
ago. No more 'the sooner we meet the target, we can all go back
to normal' messaging bombardment. Now it's declaration of
endless emergency powers that make Orwells vision utopian. Just
one is a 90'500$ fine and 2 years jail for anyone caught
defying the mandates, that is aimed at anyone caught making an
unauthorised living. Our govt feel free to go right ahead,
regardless of crowds that go for miles, but actions taken
elsewhere that can be explained simply as making sense are
understood as only done to keep from losing control. Millions of
people protesting in the streets for their basic right to life,
are only happening here in the west.
#Post#: 1479--------------------------------------------------
Re: Economy Errata
By: Phil Potts Date: October 31, 2021, 7:00 pm
---------------------------------------------------------
HTML https://medium.com/@ryan79z28/im-a-twenty-year-truck-driver-i-will-tell-you-why-america-s-shipping-crisis-will-not-end-bbe0ebac6a91
#Post#: 1481--------------------------------------------------
Re: Economy Errata
By: Digwe Must Date: October 31, 2021, 10:52 pm
---------------------------------------------------------
[quote author=Phil Potts link=topic=60.msg1478#msg1478
date=1635716634]
CHS does a far better job here of trying to see through slanty
eyes than the typical domestic compensating reflected in the
headlines he quoted, but falls a little short.
You can't simultaneously say there's a disastrous demographic
cliff in one breath, while saying in the next that energy
shortages are another problem they face. It should be obvious
the former helps with the latter. Theres also a big assumption
that their system works the same way as our own, with several
young workers required to pay for the retirement of each senior
citizen, who consumes hundreds of thousand of dollars in medical
care. It never occurs they might take care of that as
efficiently as building roads and bridges compared to our own.
He also falls for the constant western wishful thinking that
their central govt is barely maintaining a grip on power. How
many years of crying this wolf with no sign of it showing up?
Yesterday again there were protests in Oz, NZ, UK and Europe of
crowds in the hundreds of thousands, making Vietnam, OWS and BLM
crowds look minute. These are totally ignored by the leaders who
all exempt themselves from the mandates being protested. These
crowds are reported as hundreds of people if reported at all,
journalism left on the same train as transparency and
accountability in this system.
Predictably, Lucy snatched away the football again from a month
ago. No more 'the sooner we meet the target, we can all go back
to normal' messaging bombardment. Now it's declaration of
endless emergency powers that make Orwells vision utopian. Just
one is a 90'500$ fine and 2 years jail for anyone caught
defying the mandates, that is aimed at anyone caught making an
unauthorised living. Our govt feel free to go right ahead,
regardless of crowds that go for miles, but actions taken
elsewhere that can be explained simply as making sense are
understood as only done to keep from losing control. Millions of
people protesting in the streets for their basic right to life,
are only happening here in the west.
[/quote]
Of all the important subjects surrounding collapse, the China
situation is, by far, the one I find the least consensus on. I
sure as hell don't know, and the folks around this issue for
whom I have respect, disagree more about China than any other
topic. The Chinese are either an unstoppable economic and
military juggernaut or a paper tiger with numerous weaknesses
and vulnerabilities. The more environmentally conscious folks
will tell you the Chinese have poisoned their land, water and
air beyond salvage. The China situation is absolutely critical
to the near term path of collapse, and I do not have a clear
picture at all of how it will shake out.
I do think the demographic problem is not as much of a
contradiction regarding the energy situation simply because of
the time frame. It seems to me the energy problem is immediate
with obvious consequences for the economy now. The demographic
problem is a long haul issue.
So, massive protests and unrest over mandates. You've said
before the governments (OZ NZ) are brutally cracking down and
seem to be gaining steam as gloves-off authoritarian. SO, PP,
in your opinion will the people knuckle under? Will they rise
up? I know that both OZ and NZ have cracked down on firearms in
recent years. It seems they are a bit touchy about their people
being killed en masse by lunatics. Of course, there will be
guns buried under the crawl space - but with no ammo, the Oz gov
doesn't seem to worry about an armed revolt.
TPTB here in the states are very aware of the armed populace and
I do believe that holds them in check just a bit.
Lately ammo ads are everywhere. The sporting goods store on
Main St. has a blinking sign out front. This week it says .223
is BACK!!! In the last few days I have seen the first ad for
9mm below 50 cents a round in a long while. You have to buy
1,000 rounds, but it is back. Generally, ammo that was about $1
per round last spring is now back to 60 - 70 cents a round.
Twice what it was 18 months ago - but abundant. I've also
noticed that cheap (OK relatively inexpensive) shotguns,
handguns and AR knock offs are advertised. Pump shotguns - off
brand - for $149.
I don't know if having more firearms than people will exacerbate
the political unravelling of the US or just accent it. It might
get loud.
#Post#: 1488--------------------------------------------------
Re: Economy Errata
By: RE Date: November 1, 2021, 12:48 pm
---------------------------------------------------------
[quote author=Digwe Must link=topic=60.msg1481#msg1481
date=1635738742]
Of all the important subjects surrounding collapse, the China
situation is, by far, the one I find the least consensus on. I
sure as hell don't know, and the folks around this issue for
whom I have respect, disagree more about China than any other
topic. The Chinese are either an unstoppable economic and
military juggernaut or a paper tiger with numerous weaknesses
and vulnerabilities. The more environmentally conscious folks
will tell you the Chinese have poisoned their land, water and
air beyond salvage. The China situation is absolutely critical
to the near term path of collapse, and I do not have a clear
picture at all of how it will shake out.
[/quote]
Here's more to fill out the picture in your Collapse Coloring
Book Picture
A Market Crash Is Becoming Certain
HTML https://seekingalpha.com/article/4464000-crash-becoming-certain
RE
#Post#: 1489--------------------------------------------------
Re: Economy Errata
By: Digwe Must Date: November 1, 2021, 1:22 pm
---------------------------------------------------------
Here's more to fill out the picture in your Collapse Coloring
Book Picture
A Market Crash Is Becoming Certain
HTML https://seekingalpha.com/article/4464000-crash-becoming-certain
RE
I was never good at coloring books. I couldn't stay inside the
lines and my color choices were... unique.
A market crash is inevitable soon. The Fed has propped up the
market for a very long time now. Many of the money managers in
business today have never known a real crash. When the Fed
changes course it will be impossible to avoid a serious
devaluation, but many problems beset the world economy and the
US markets. Any one of them could bring valuations back to
earth, which is a long way down. As the article shows you don't
have to be a doomer to be worried about the markets.
Or as Bobby Dylan said, "You don't need to be a weatherman to
know which way the wind blows."
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