Kroger closes 2 Southern California stores over $4 per hour 'hero pay' ordinance | Fox Business

https://www.foxbusiness.com/economy/kroger-closes-california-stores-hero-pay-ordinance

This is why we can't have nice things

This is interesting.

https://www.youtube.com/watch?v=j5v8D-alAKE

Inside Apple's $5 Billion Headquarters

As great as Apple Park is, it doesn't seem very cost-efficient.

https://www.youtube.com/watch?v=T9dJ_cE5Asw

China's Reckoning: Demographic Collapse

This is deeply fascinating.  I wanted to hear more about whether the U.S. has the same problems.

https://www.youtube.com/watch?v=vTbILK0fxDY

Why mainstream media's slander of wall street bets pisses me off regarding GME.

This is interesting.

https://www.youtube.com/watch?v=4EUbJcGoYQ4

I think that Gamestop will eventually go out of business.  There is a very strong trend toward buying or renting videogames off of the internet.  Retail sales of games can't last more than a couple of years.   Video is headed in the same direction.

Games were distributed on media because that was the only practical way to transfer large data.  Storage of the data was also an issue if you had a bunch of games.  These are no longer limitations.

new thorium fuel

More discussion of benefits the new fuel...

https://www.forbes.com/sites/jamesconca/2020/09/22/aneel-a-game-changing-nuclear-fuel/#e528bef14ea0

Why Planes Don't Fly Faster

https://youtu.be/n1QEj09Pe6k

Hyperloop, the biggest Scam since Theranos

https://youtu.be/2h6Cz4hwuEI

Why kids hate reading & why public school is at fault.

https://www.youtube.com/watch?v=Y9ZzRTj-GGs

Housing prices in Utah

It is amazing how much houses are selling for in Utah. Not just new or nearly new houses. Some older houses that I had looked at and rejected are selling for $250K to $300K. My old three-bedroom house built in 1939, the same year The Wizard of Oz came out, which I paid $120K for, is now estimated at $476K. I didn't even like this house. It was too old and had too many problems.

I would not be able to afford to move back to Utah.

--

Best wishes,

John Coffey

http://www.entertainmentjourney.com

Almost ALL the Gold Sold on eBay is FAKE!

I saw a one-ounce gold bar for sale on Facebook for $750, which is less than half of the spot value.  It looks like this: https://www.newrulefx.com/products/gold-credit-suisse-one-ounce-ingot-replica-prop

https://www.youtube.com/watch?v=s2SJdUW-Km0

 https://www.youtube.com/watch?v=kg0mxUC1trY

https://www.youtube.com/watch?v=eA3yev_ZeJ4

Socialism Sucks: Two Economists Drink Their Way through the Unfree World

https://www.youtube.com/watch?v=zTJqC25S0j8&feature=youtu.be

Utah's Billion Dollar Mystery House - Ep. 6.164

https://youtu.be/C2iOQnSt8dI

New Asian flu?

From: utahtrout 

However, it may be a sign of a much more troubling problem. China has some issues eerily similar to what other Asian countries had just prior to the 1997 Asian financial crisis. That event two decades ago has been analyzed in great detail. It was triggered by a debt default of two companies: Somprasong Land (a major Thai property developer) and Finance One (one of Thailand's largest finance companies). Currency traders began to short the Thai currency, and eventually it broke its peg to the U.S. dollar, resulting in a 40% collapse in value. This steep drop made paying back dollar-denominated loans impossible. Currency weakness spread to South Korea, Indonesia, Malaysia, and the Philippines. All their currencies declined dramatically --between 34% and 83% against the dollar. Equity markets around the world, including the U.S., experienced significant declines

While the trigger was a debt default as financial conditions shifted, the underlying factors had long been in place – these were export-driven economies that had close government co-operation with preferred manufacturers, subsidies, favorable financial deals, massive debt-financed growth and a currency pegged to the U.S dollar. Sound familiar?

https://www.realclearpolitics.com/articles/2019/08/13/is_china_about_to_cause_the_next_asian_economic_crisis_140996.html

Jeff Bezos Net Worth 2019: Is Amazon CEO Still the Richest Man in the World?

https://www.townandcountrymag.com/society/money-and-power/a10370099/jeff-bezos-richest-man-in-the-world-net-worth/

10 NEW Signs Of China Imminent Economic Collapse 2019 China's Yuan CRASH!

https://www.youtube.com/watch?v=bKHyqO72oAo

The $1,000,000,000 North Korean Bank Heist

https://www.youtube.com/watch?v=Usu9z0feHug

The Incredible Story of The PayPal Mafia

https://youtu.be/nvQ4p82-D54

Re: Book - "he Ponzi Factor" by Tan Liu

On Sat, Jul 7, 2018 at 3:01 AM, KEVIN KEYES wrote:

  My brother lent me a hard copy of the book "the Ponzi Factor" by Tan Liu that states the stock market is a Ponzi Scheme, the data in this book is compelling and disturbing.  It is a quick read, interested in your view point.

Kevin

I made this argument before without firmly believing in it.  

My rationale is that when a company issues stock, people give them money, and the company gives them pieces of paper representing ownership in the company.  The paper itself has no inherent value, it is only what the paper represents that has value.  Companies that issue dividends have some inherent value, but not all companies issue dividends.  Unlike the first publicly traded stock, the Dutch East India Company, you can't sell that stock back to the company for money.  Eventually the Dutch East India Company discontinued this practice, and you could only get value out of the stock by selling it to other people, just like today's stock market.  So like buying and selling antiques, the value of your holding depends upon somebody else's willingness to buy it.  In the antique business they call this "the bigger fool theory."

Of course, money only has value based on people's willingness to exchange goods for it, so the value of any financial holding is dependent upon other people.

What is the ultimate fate of the stock you own?  The Dutch East India Company went out of business 198 years after they first issued stock.  Apple is doing really right now, but what are the chances that they will continue to do well in perpetuity?   Eventually corruption or mismanagement will cause the company to go into decline.  (I think that this could already be happening.)  At some point it will either go out of business, or be bought out by somebody else.  For example, in the early 1980's Atari was at the top of their game, but after the video game crash of 1983 they nearly went out of business, and what little is left of the company has several times been bought and sold by other companies.

​So it seems to me that the value of our stock is temporary ​and depends upon a number of factors including the economy doing well.  I think that everybody hopes to sell their individual stocks before the inevitable decline.  However, the stock market as a whole has been a proven winner, and there is safety in diversification.

-- 

Best wishes,

John Coffey

http://www.entertainmentjourney.com

​

​

The Strange Habits That Will Make You a Billionaire

https://www.youtube.com/watch?v=YV1KPkeyh4M

7 Money Tips for Smart People

7 Money Tips for Smart People

Why Chinese Manufacturing Wins

https://www.youtube.com/watch?v=E7Jfrzkmzyc

What Colleges and Graduate Schools Don't Want You to Know

https://www.youtube.com/watch?v=sMr2BxA_HVU

I have heard that 40% of college graduates have to take a job that does not require a degree.  It means that we are educating more people than the market needs.

Money. Expresses my concern.

https://www.youtube.com/watch?v=X5uGLbV5zVo

Fwd: China

'Global markets fell Tuesday after China unexpectedly devalued its yuan currency amid weaker economic growth.

 

Beijing's devaluation of the yuan allowed it to fall by its biggest one-day margin in a decade. The central bank said the 1.9% decline was due to changes aimed at making the way it sets exchange rates more market-oriented. The U.S. dollar also gained against the yen, Indian rupee, South Korean and other Asian currencies.'

 

http://americasmarkets.usatoday.com/2015/08/11/stocks-tuesday-23/

How to beat the S&P 500 Index.

http://blog.aarp.org/2015/07/29/how-to-beat-the-sp-500-index/

VIDEO: He Took A Blob Of Shaving Cream And Rubbed It All Over The Inside Of His Car. His Reason? Wow | American Overlook

http://americanoverlook.com/video-he-took-a-blob-of-shaving-cream-and-rubbed-it-all-over-the-inside-of-his-car-his-reason-wow-2/44687?bst=shavingma#

FPGAs

'Intel in talks to buy Altera for $15 billion: report'

 

http://www.marketwatch.com/story/intel-in-talks-to-buy-altera-for-15-billion-report-2015-05-29

Fwd: Balance Sheet

'The exact timing of the Federal Reserve's first interest rate rise is uncertain, but even less clear is what will happen to the $4tn pile of bonds the central bank amassed during the financial crisis.

Optimists take the view that, like a skilled pilot, Fed chairwoman Janet Yellen will be able to bring the size of the balance sheet down smoothly and steadily without hitting too much turbulence.

Pessimists, however, believe the pilot is flying blindly through dense clouds with a faulty radar and constant risk of storms, making the policy normalisation process particularly risky.

"For me the new thing to look out for is what they do to the portfolio," says Robert Michele, chief investment officer at JPMorgan Asset Management. "We know about moving the [interest rate] corridor. What we should be worried about is what they do with the balance sheet."

The Fed's strategy for reducing its bloated balance sheet has evolved over time, but in September policy makers said the Fed will cease or start phasing out reinvestments only after it first begins increasing short-term interest rates. The balance sheet would shrink in a "gradual and predictable manner", but the details were left unclear — as well as the timing, which will depend on how economic and financial conditions evolve.

One market concern is that allowing assets to roll off automatically as they mature could lead to a jagged path of balance-sheet reduction. BlackRock's Investment Institute pointed out in a recent report that a third of the Fed's entire Treasury portfolio, about $785bn, comes due by the end of 2018. Allowing the balance sheet to deflate that quickly could spook markets.'

 

http://www.ft.com/intl/cms/s/0/520377e8-037e-11e5-b55e-00144feabdc0.html#axzz3bGOeKjV8

John McCain plan upends Pentagon contracting rules

John McCain plan upends Pentagon contracting rules