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Keepit response22-01-2021 04:57
GasGuzzler
★★★★★
(2932)
Does anyone here think the keepit CNN reflex response will improve this year?


Radiation will not penetrate a perfect insulator, thus as I said space is not a perfect insulator.- Swan
Edited on 22-01-2021 05:05
22-01-2021 05:52
IBdaMannProfile picture★★★★★
(14389)
GasGuzzler wrote: Does anyone here think the keepit CNN reflex response will improve this year?

No more than CNN will become honest and totally neutral/unbiased.

keepit is here to lie with total conviction and to convince himself that he is fooling people.

After all, the printing of dollars doesn't increase the number of dollars.


.


I don't think i can [define it]. I just kind of get a feel for the phrase. - keepit

A Spaghetti strainer with the faucet running, retains water- tmiddles

Clouds don't trap heat. Clouds block cold. - Spongy Iris

Printing dollars to pay debt doesn't increase the number of dollars. - keepit

If Venus were a black body it would have a much much lower temperature than what we found there.- tmiddles

Ah the "Valid Data" myth of ITN/IBD. - tmiddles

Ceist - I couldn't agree with you more. But when money and religion are involved, and there are people who value them above all else, then the lies begin. - trafn

You are completely misunderstanding their use of the word "accumulation"! - Climate Scientist.

The Stefan-Boltzman equation doesn't come up with the correct temperature if greenhouse gases are not considered - Hank

:*sigh* Not the "raw data" crap. - Leafsdude

IB STILL hasn't explained what Planck's Law means. Just more hand waving that it applies to everything and more asserting that the greenhouse effect 'violates' it.- Ceist
22-01-2021 11:21
HarveyH55Profile picture★★★★★
(5196)
IBdaMann wrote:
GasGuzzler wrote: Does anyone here think the keepit CNN reflex response will improve this year?

No more than CNN will become honest and totally neutral/unbiased.

keepit is here to lie with total conviction and to convince himself that he is fooling people.

After all, the printing of dollars doesn't increase the number of dollars.


.


Isn't printing dollars, a lot like filling Jame's mostly empty corn whiskey jug up with water, and calling it a party? You can spend less, and have less. You can print more dollars, but you have to spend more of them, to get less. Either way, you still get less, and have to rely on government handouts to survive.
22-01-2021 17:34
gfm7175Profile picture★★★★★
(3314)
GasGuzzler wrote:
Does anyone here think the keepit CNN reflex response will improve this year?

I think that keepit is much too infected with the Liberal pathogen at this point. He no longer has a mind of his own. He is akin to the sheep on Animal Farm; he can only parrot what the Ministry of Societal Manipulation tells him to say.
Edited on 22-01-2021 17:35
22-01-2021 17:52
gfm7175Profile picture★★★★★
(3314)
IBdaMann wrote:
GasGuzzler wrote: Does anyone here think the keepit CNN reflex response will improve this year?

No more than CNN will become honest and totally neutral/unbiased.

(!) CNN is the most trusted name in news.

IBdaMann wrote:
After all, the printing of dollars doesn't increase the number of dollars.

(!) 97% of Economists agree with this claim.
Edited on 22-01-2021 17:54
22-01-2021 22:47
keepit
★★★★★
(3058)
Maybe the problem is that you don't have the same definition of the phrase "increase the number of dollars".
What i mean to say is that dollars stored in a bond or note is equivalent to dollars stored in a savings account or someone's wallet or under the mattress.
If the US govt prints dollars to pay off a bond in, say China, the dollars stored in that bond cease to exist. When the US govt prints money to send to China to pay off that bond, the dollars added to the world system are an amount equal to the dollars stored in that bond. If this is done the US no longer has to pay interest on that bond (rah rah). The money (bond) paid off is equal to the money printed.
The economic world is big and getting bigger. The printed dollars sent to the rest of the world to extinguish that bond debt and bond interest can easily be absorbed by the world market.
Edited on 22-01-2021 22:49
23-01-2021 00:53
duncan61
★★★★★
(2021)
I get where you are going Keepit.I have a theory that if everyone cashed in their superannuation at the same time there would not be the actual money to pay it all out.The system relies on new people adding to the fund as people retire,They change the rules and age limits all the time.
23-01-2021 01:26
keepit
★★★★★
(3058)
Duncan,
Some call it a ponzi scheme but there are differences since money can be printed rather than just taken from someone else. I'm not to sure either type of scheme can last but barring mismanagement i think the us can continue printing for a while.
23-01-2021 01:52
keepit
★★★★★
(3058)
Printing money can be a good thing though.
I remember when India was extremely poor and people didn't have enough to eat nor any money nor much of anything to buy if they did have money. Obviously there were no big venture capital firms.
My suggestion at the time was to give everyone a credit card and then people will spend and things will be produced and the economy will provide things for people.
Sure, money isn't wealth, stuff is wealth, but the printing of money does a lot of things besides making it easier to pay off debt. It make economic growth possible. It has to be managed well though. Janet Yellen has proven herself to manage well and i bet she will continue.
23-01-2021 02:50
IBdaMannProfile picture★★★★★
(14389)
keepit wrote: What i mean to say is that dollars stored in a bond or note is equivalent to dollars stored in a savings account or someone's wallet or under the mattress.

... because you are in desperate need of a basic accounting course.

There are no dollars stored in a bond.

Seek out a community college. Learn why someone's promise to shift dollars from his account to your account at some future date does not increase the number of dollars, it only increases the number of your dollars ... while decreasing the number of his dollars. Learn why, on the other hand, each and every new dollar printed increments the number of dollars.

keepit, I have a five-year-old neighbor who understands this. Would you like me to put her behind my keyboard to explain it to you?


keepit wrote: If the US govt prints dollars

... then the number of dollars is increased by the number of dollars printed.

keepit wrote: ... to pay off a bond in, say China, the dollars stored in that bond cease to exist.

Incorrect. Those dollars exist in a Chinese account. They never cease to exist until destroyed.

keepit wrote: When the US govt prints money to send to China to pay off that bond, the dollars added to the world system are an amount equal to the dollars stored in that bond.

This is too painful to read. I'm moving on to a different post.

.


I don't think i can [define it]. I just kind of get a feel for the phrase. - keepit

A Spaghetti strainer with the faucet running, retains water- tmiddles

Clouds don't trap heat. Clouds block cold. - Spongy Iris

Printing dollars to pay debt doesn't increase the number of dollars. - keepit

If Venus were a black body it would have a much much lower temperature than what we found there.- tmiddles

Ah the "Valid Data" myth of ITN/IBD. - tmiddles

Ceist - I couldn't agree with you more. But when money and religion are involved, and there are people who value them above all else, then the lies begin. - trafn

You are completely misunderstanding their use of the word "accumulation"! - Climate Scientist.

The Stefan-Boltzman equation doesn't come up with the correct temperature if greenhouse gases are not considered - Hank

:*sigh* Not the "raw data" crap. - Leafsdude

IB STILL hasn't explained what Planck's Law means. Just more hand waving that it applies to everything and more asserting that the greenhouse effect 'violates' it.- Ceist
23-01-2021 02:57
keepit
★★★★★
(3058)
IBD,
Your mental programming is holding you back.
23-01-2021 03:21
IBdaMannProfile picture★★★★★
(14389)
keepit wrote: IBD, Your mental programming is holding you back.

The only thing holding me back is the 47 terabytes of cognitive storage that I need to adequately store all the rest of what I want to learn.

Fortunately I have everything else beyond those 47 terabytes already stored and that seems to be all I need.

How do you get by not knowing anything? Are you another one of those paying monthly subscriptions to a TaaS (Thinking as a Service) provider?


.


I don't think i can [define it]. I just kind of get a feel for the phrase. - keepit

A Spaghetti strainer with the faucet running, retains water- tmiddles

Clouds don't trap heat. Clouds block cold. - Spongy Iris

Printing dollars to pay debt doesn't increase the number of dollars. - keepit

If Venus were a black body it would have a much much lower temperature than what we found there.- tmiddles

Ah the "Valid Data" myth of ITN/IBD. - tmiddles

Ceist - I couldn't agree with you more. But when money and religion are involved, and there are people who value them above all else, then the lies begin. - trafn

You are completely misunderstanding their use of the word "accumulation"! - Climate Scientist.

The Stefan-Boltzman equation doesn't come up with the correct temperature if greenhouse gases are not considered - Hank

:*sigh* Not the "raw data" crap. - Leafsdude

IB STILL hasn't explained what Planck's Law means. Just more hand waving that it applies to everything and more asserting that the greenhouse effect 'violates' it.- Ceist
23-01-2021 07:32
HarveyH55Profile picture★★★★★
(5196)
IBdaMann wrote:
keepit wrote: IBD, Your mental programming is holding you back.

The only thing holding me back is the 47 terabytes of cognitive storage that I need to adequately store all the rest of what I want to learn.

Fortunately I have everything else beyond those 47 terabytes already stored and that seems to be all I need.

How do you get by not knowing anything? Are you another one of those paying monthly subscriptions to a TaaS (Thinking as a Service) provider?


.


I think he got his accounting degree, at Felon University... He wants to write bad checks, to pay off debt. Once the bank cashes those check, the bank is stuck collecting on those bad checks. His debt, is now somebody else's problem.

It doesn't seem to register, that there is only so much product to buy, and if everybody had all the dollars they want to spend, the price of those products increase. Products are worth what people are willing and able to pay for them. The banks that got stuck with the bad checks, are going to charge more for their services, to recover their losses. People borrowing, will charge more, to offset the cost of their loans. Guess they could print some dollars, to pay of the banks...
23-01-2021 08:58
duncan61
★★★★★
(2021)
1 Indian Rupee equals
0.018 Australian Dollar
jussayin.Will I need a deciduous forest to buy a box of matches
23-01-2021 10:34
HarveyH55Profile picture★★★★★
(5196)
duncan61 wrote:
1 Indian Rupee equals
0.018 Australian Dollar
jussayin.Will I need a deciduous forest to buy a box of matches


No, just a 1,000,000 Rupee note. They use the 1 Rupee notes for toilet paper.

If you visited, and gave a beggar a $20 (USD) bill, you just made him a millionaire, when he exchanges it for Rupees... Don't think he'll be set for life though, and poor and begging again in a few days.
23-01-2021 23:44
keepit
★★★★★
(3058)
IBD,
You're a lot younger than i thought, aren't you?
24-01-2021 00:50
Into the NightProfile picture★★★★★
(21582)
keepit wrote:
Maybe the problem is that you don't have the same definition of the phrase "increase the number of dollars".

Despite the meaning of 'increase' as in 'larger number', we now pause for some wacky definitions from keepit:
keepit wrote:
What i mean to say is that dollars stored in a bond or note is equivalent to dollars stored in a savings account or someone's wallet or under the mattress.

The setup.
keepit wrote:
If the US govt prints dollars to pay off a bond in, say China,
the dollars stored in that bond cease to exist.

I will call this argument 1.
keepit wrote:
When the US govt prints money to send to China to pay off that bond, the dollars added to the world system are an amount equal to the dollars stored in that bond.

I will call this argument 2. Paradox. Irrational. You cannot argue both sides of a paradox.

keepit wrote:
If this is done the US no longer has to pay interest on that bond (rah rah). The money (bond) paid off is equal to the money printed.

Except the US has been paying off bonds by issuing bonds. You know, like borrowing off one credit card to pay the bill for another. They then issue MORE bonds, further going into debt. See https://www.usdebtclock.org/.
keepit wrote:
The economic world is big and getting bigger. The printed dollars sent to the rest of the world to extinguish that bond debt and bond interest can easily be absorbed by the world market.

Neither bonds, nor their interest are absorbed by anything but the US government.


The Parrot Killer

Debunked in my sig. - tmiddles

Google keeps track of paranoid talk and i'm not on their list. I've been evaluated and certified. - keepit

nuclear powered ships do not require nuclear fuel. - Swan

While it is true that fossils do not burn it is also true that fossil fuels burn very well - Swan
24-01-2021 00:52
Into the NightProfile picture★★★★★
(21582)
keepit wrote:
Duncan,
Some call it a ponzi scheme but there are differences since money can be printed rather than just taken from someone else. I'm not to sure either type of scheme can last but barring mismanagement i think the us can continue printing for a while.


Paying people in money that is worth less is only revealing the pyramid scheme.
Sure, the US can print all the money it wants. Whether people accept it....now that's another story.


The Parrot Killer

Debunked in my sig. - tmiddles

Google keeps track of paranoid talk and i'm not on their list. I've been evaluated and certified. - keepit

nuclear powered ships do not require nuclear fuel. - Swan

While it is true that fossils do not burn it is also true that fossil fuels burn very well - Swan
24-01-2021 01:01
Into the NightProfile picture★★★★★
(21582)
keepit wrote:
Printing money can be a good thing though.

Sure. Parker Brothers prints a LOT of money for it's Monopoly games.
keepit wrote:
I remember when India was extremely poor

It still is.
keepit wrote:
and people didn't have enough to eat

They still don't.
keepit wrote:
nor any money nor much of anything to buy if they did have money.

??? They can't buy stuff with money???
keepit wrote:
Obviously there were no big venture capital firms.

Define 'big venture capital firm'. Please describe how this is the only means to buy stuff.
keepit wrote:
My suggestion at the time was to give everyone a credit card and then people will spend and things will be produced and the economy will provide things for people.

Paying people is worthless credit or dollars does not increase the economy. It causes a cash crash.
keepit wrote:
Sure, money isn't wealth, stuff is wealth, but the printing of money does a lot of things besides making it easier to pay off debt.

Inflation is always bad. Hyperinflation is even worse. Perhaps you've forgotten the fall of the Wienmar republic, what happened in Brazil or Mexico, what is happening now in Japan, etc. You WANT this to happen to the dollar???
keepit wrote:
It make economic growth possible.

Printing money is not economic growth, nor does it enable or disable it.
keepit wrote:
It has to be managed well though.

Socialism and fascism don't work. All they bring is misery.
keepit wrote:
Janet Yellen has proven herself to manage well and i bet she will continue.

A fascist has proven herself to be a good fascist.

Government control of markets is fascism, dude. Even government control of money markets.


The Parrot Killer

Debunked in my sig. - tmiddles

Google keeps track of paranoid talk and i'm not on their list. I've been evaluated and certified. - keepit

nuclear powered ships do not require nuclear fuel. - Swan

While it is true that fossils do not burn it is also true that fossil fuels burn very well - Swan
24-01-2021 01:02
Into the NightProfile picture★★★★★
(21582)
keepit wrote:
IBD,
Your mental programming is holding you back.

I assure you, IBD is not a computer. You have failed the Turing test.


The Parrot Killer

Debunked in my sig. - tmiddles

Google keeps track of paranoid talk and i'm not on their list. I've been evaluated and certified. - keepit

nuclear powered ships do not require nuclear fuel. - Swan

While it is true that fossils do not burn it is also true that fossil fuels burn very well - Swan
24-01-2021 01:04
Into the NightProfile picture★★★★★
(21582)
duncan61 wrote:
1 Indian Rupee equals
0.018 Australian Dollar
jussayin.Will I need a deciduous forest to buy a box of matches

Nah. Cut down one tree, get some phosphorous, and make your own (be careful!),


The Parrot Killer

Debunked in my sig. - tmiddles

Google keeps track of paranoid talk and i'm not on their list. I've been evaluated and certified. - keepit

nuclear powered ships do not require nuclear fuel. - Swan

While it is true that fossils do not burn it is also true that fossil fuels burn very well - Swan
24-01-2021 01:27
keepit
★★★★★
(3058)
You're confused ITN.
24-01-2021 03:14
duncan61
★★★★★
(2021)
ITN I was getting the inflation point across and its a quote from hitch hikers about the forest and you actualy need 2 forests.Printing more money does not make more money it devalues the notes so you need more of them for the same thing.When you retire the world stops at that point in time.My Dad still thinks it cost 37 cents for a loaf of bread.
24-01-2021 03:59
IBdaMannProfile picture★★★★★
(14389)
duncan61 wrote: Printing more money does not make more money it devalues the notes so you need more of them for the same thing.

Trying to print your way out of problems leads to hyperinflation and the unrecoverable death of the economy ... like Zimbabwe.

When you need a backpack to carry all the $trillion bills necessary to buy your groceries, it's time to be investing elsewhere.
Attached image:

24-01-2021 04:15
Spongy IrisProfile picture★★★★☆
(1643)
Just amazing watching these 2 bozos jump through hoops to get the last word, in the effort to argue 1 - 1 = 2.


24-01-2021 04:20
duncan61
★★★★★
(2021)
Zimbabwe was possibly because of war.How valuable were German marks in 1945
24-01-2021 05:24
keepit
★★★★★
(3058)
No exaggeration allowed.
The difference between Zimbabwe and the us is that people believe in the dollar and are willing to buy into it.
Eventually it will fail but for the time being you lose if you don't buy in.
24-01-2021 05:37
IBdaMannProfile picture★★★★★
(14389)
keepit wrote: The difference between Zimbabwe and the us is that people believe in the dollar and are willing to buy into it.

The difference between Zimbabwe and the US is that Zimbabwe has a 35-year head start on a socialist clampdown by an entrenched oligarchy that will destroy the economy.

If you want to see what is in store for the US, look no further than Zimbabwe or Venezuela.

What the rest of the world will be saying: "My how the mighty have fallen."

keepit wrote: Eventually it will fail but for the time being you lose if you don't buy in.

Like everything else, you have this backwards.

If you know it's going to fail, you GET OUT as quickly as you can, i.e. you take the "short" position. If you believe it will improve, then you GET IN as quickly as you can, i.e. you take the "long" position.


.


I don't think i can [define it]. I just kind of get a feel for the phrase. - keepit

A Spaghetti strainer with the faucet running, retains water- tmiddles

Clouds don't trap heat. Clouds block cold. - Spongy Iris

Printing dollars to pay debt doesn't increase the number of dollars. - keepit

If Venus were a black body it would have a much much lower temperature than what we found there.- tmiddles

Ah the "Valid Data" myth of ITN/IBD. - tmiddles

Ceist - I couldn't agree with you more. But when money and religion are involved, and there are people who value them above all else, then the lies begin. - trafn

You are completely misunderstanding their use of the word "accumulation"! - Climate Scientist.

The Stefan-Boltzman equation doesn't come up with the correct temperature if greenhouse gases are not considered - Hank

:*sigh* Not the "raw data" crap. - Leafsdude

IB STILL hasn't explained what Planck's Law means. Just more hand waving that it applies to everything and more asserting that the greenhouse effect 'violates' it.- Ceist
24-01-2021 05:50
Spongy IrisProfile picture★★★★☆
(1643)
IBdaMann wrote:
keepit wrote: The difference between Zimbabwe and the us is that people believe in the dollar and are willing to buy into it.

The difference between Zimbabwe and the US is that Zimbabwe has a 35-year head start on a socialist clampdown by an entrenched oligarchy that will destroy the economy.

If you want to see what is in store for the US, look no further than Zimbabwe or Venezuela.

What the rest of the world will be saying: "My how the mighty have fallen."

keepit wrote: Eventually it will fail but for the time being you lose if you don't buy in.

Like everything else, you have this backwards.

If you know it's going to fail, you GET OUT as quickly as you can, i.e. you take the "short" position. If you believe it will improve, then you GET IN as quickly as you can, i.e. you take the "long" position.


.


Exchange Traded Fund of US dollar versus other major currencies... Ticker: UUP ... Since 2007



What you think, good for a bounce?



Edited on 24-01-2021 05:53
24-01-2021 05:59
duncan61
★★★★★
(2021)
It was not long ago AUD was $1-$1 US.Its back to US .75 - 1 AUD
24-01-2021 06:45
IBdaMannProfile picture★★★★★
(14389)
duncan61 wrote:It was not long ago AUD was $1-$1 US.Its back to US .75 - 1 AUD

Blame the Climate Lobby ... and then blame George Bush.


.


I don't think i can [define it]. I just kind of get a feel for the phrase. - keepit

A Spaghetti strainer with the faucet running, retains water- tmiddles

Clouds don't trap heat. Clouds block cold. - Spongy Iris

Printing dollars to pay debt doesn't increase the number of dollars. - keepit

If Venus were a black body it would have a much much lower temperature than what we found there.- tmiddles

Ah the "Valid Data" myth of ITN/IBD. - tmiddles

Ceist - I couldn't agree with you more. But when money and religion are involved, and there are people who value them above all else, then the lies begin. - trafn

You are completely misunderstanding their use of the word "accumulation"! - Climate Scientist.

The Stefan-Boltzman equation doesn't come up with the correct temperature if greenhouse gases are not considered - Hank

:*sigh* Not the "raw data" crap. - Leafsdude

IB STILL hasn't explained what Planck's Law means. Just more hand waving that it applies to everything and more asserting that the greenhouse effect 'violates' it.- Ceist
24-01-2021 17:04
HarveyH55Profile picture★★★★★
(5196)
IBdaMann wrote:
keepit wrote: The difference between Zimbabwe and the us is that people believe in the dollar and are willing to buy into it.

The difference between Zimbabwe and the US is that Zimbabwe has a 35-year head start on a socialist clampdown by an entrenched oligarchy that will destroy the economy.

If you want to see what is in store for the US, look no further than Zimbabwe or Venezuela.

What the rest of the world will be saying: "My how the mighty have fallen."

keepit wrote: Eventually it will fail but for the time being you lose if you don't buy in.

Like everything else, you have this backwards.

If you know it's going to fail, you GET OUT as quickly as you can, i.e. you take the "short" position. If you believe it will improve, then you GET IN as quickly as you can, i.e. you take the "long" position.


.


The people running the show, know they have a short shelf-life, their expiration date is less than 10 years, being very optimistic. The ignore the long position, since they know they aren't going to be around to benefit, in any way. They just want to grab all they can, as quickly as they can, so they get to choose who inherits their power and wealth, hopefully continuing the tradition. Those who have the control, the wealth, consider themselves superior humans, almost 'god-like', in that many other people, are totally dependent on what they chose to do with their wealth and power, that the stole.
24-01-2021 20:19
keepit
★★★★★
(3058)
Re: The threat of inflation.
I don't understand how they can keep printing money and not have serious consequences later. Maybe they can though.
The thing is, there are so many people hurting financially right now that it is better to print than to suffer.
It boils down to this : better to solve a problem (financial suffering) now and suffer later (inflation) than to suffer now and maybe suffer later. We might not have to suffer later. Don't do today what you can put off til tomorrow because tomorrow you might not have to.
I don't think anyone here understands the economics of currency any better than i do so don't pretend that you do.

All this paranoia about impending socialism is nothing. A few socialist measures don't amount to socialism.
Socialism is where the govt owns the farming and owns the oil and the govt is in the hands of a dictator. Trump wanted to be a dictator but it didn't work. Why in the world little guys (like those of us on this website) would want a dictator is beyond me.
By the way, the ownership of farming and oil is in the hands of stock holders.
24-01-2021 21:38
James___
★★★★★
(5513)
keepit wrote:
Re: The threat of inflation.
I don't understand how they can keep printing money and not have serious consequences later. Maybe they can though.
The thing is, there are so many people hurting financially right now that it is better to print than to suffer.
It boils down to this : better to solve a problem (financial suffering) now and suffer later (inflation) than to suffer now and maybe suffer later. We might not have to suffer later. Don't do today what you can put off til tomorrow because tomorrow you might not have to.
I don't think anyone here understands the economics of currency any better than i do so don't pretend that you do.

All this paranoia about impending socialism is nothing. A few socialist measures don't amount to socialism.
Socialism is where the govt owns the farming and owns the oil and the govt is in the hands of a dictator. Trump wanted to be a dictator but it didn't work. Why in the world little guys (like those of us on this website) would want a dictator is beyond me.
By the way, the ownership of farming and oil is in the hands of stock holders.



Norway owns the oil, natural gas and has a single payer healthcare system. The US leases land or gives permits to companies. So Norway doesn't have billionaire oil barons. That's not something that actually changes the way most people live.
Actually it does, it helps to pay for healthcare instead of employers or individuals paying for it. And if someone considers Sweden who is much like Norway, one of their exports;
Attached image:


Edited on 24-01-2021 21:39
24-01-2021 21:42
keepit
★★★★★
(3058)
James,
As i understand it, the us leases only federal land for oil drilling but Biden is going to diminish that so that would be a step back from socialism.
Hmm, trading oil for free healthcare sounds good, sort of like making the oil companies pay for the country's healthcare.
24-01-2021 21:57
HarveyH55Profile picture★★★★★
(5196)
For those, who are no longer productive members of society, socialism is a dream come true. They no longer earn an income, and totally dependent on what the socialist government programs gives them. They no longer think about having to earn anything, or what it costs, because everything is give to them free of an obligation, just their socialist vote. Most aren't going to be around long enough, to see how all their 'free-stuff' gets paid for, or how long it lasts. And, they just don't care, just that they continue to get their 'free-stuff'.
24-01-2021 22:24
James___
★★★★★
(5513)
keepit wrote:
James,
As i understand it, the us leases only federal land for oil drilling but Biden is going to diminish that so that would be a step back from socialism.
Hmm, trading oil for free healthcare sounds good, sort of like making the oil companies pay for the country's healthcare.



To look at things from America's perspective, health care costs per capita as a % of the GDP, US health care is about 50% more costly than the next country. To give everyone how this affects the US is a worker at Amazon can make $15 hr or $2,640.00 a month. Add on to that $1,000 per month for company paid insurance.
When exporting goods, the cost of health care in the US makes Made In America goods more expensive in other countries. The graph illustrates this problem.
https://www.healthsystemtracker.org/chart-collection/health-spending-u-s-compare-countries/#item-spendingcomparison_gdp-per-capita-and-health-consumption-spending-per-capita-2019
24-01-2021 22:31
keepit
★★★★★
(3058)
Harvey,
I hope you realize that i'm a 78 year old retiree who worked hard and productively to earn his income and retirement income.

I make no apologies to anyone for my relatively comfortable retirement.
Edited on 24-01-2021 22:33
24-01-2021 23:02
James___
★★★★★
(5513)
keepit wrote:
Harvey,
I hope you realize that i'm a 78 year old retiree who worked hard and productively to earn his income and retirement income.

I make no apologies to anyone for my relatively comfortable retirement.



He didn't plan to fail, he just failed to plan. When I worked for Boeing, they stressed that people should be prepared for life after their careers. I'd say with me that I got lucky.
I looked to learn and have various interests. And when doctors went to cover up malpractice, I can learn and do wood working. If my project works out, then I can have the surgery I need. Then I might be healthy again. If so, it will show that oversight is needed because doctors have no need to improve the care they give.
If all goes well, it would be difficult for me to work in a warehouse or a factory. A big box home improvement store might create a position for me. At the same time I'd probably be happier helping Habitat For Humanity to build homes. I know how to pour mud and do framing, etc. Maybe I could do both?
24-01-2021 23:16
keepit
★★★★★
(3058)
I heard a good joke about retirement (not about me).
This retired military guy took a job as a walmart greeter. Everyone liked him and he did a good job. The only thing was, he always showed up 15 or 20 minutes late for work. Still, they didn't fire him because he did a good job for walmart. One day someone asked him, "What did they say to you when you showed up for work late every day in the military?" He answered, "They would say, good morning general, can i get you a cup of coffee?"
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