[mousepad]

Retirement benefits is an issue throughout the West. Too many old folks living for too long being supported by a shrinking working population.
It's time to bring in the robots to boost productivity so that old folks can be supported. Unfortunately the West's preferred way for dealing with this is to tell young woman to go into career instead of having a family and then make up the shortfall in population by importing culturally incompatible uneducated and unskilled 3rd world. Yeah for the West!!

[theluckycountry]

Robots? And what do you do with all the people they supplant? Then you'll have the old people to feed as well as all the young ones newly unemployed. But I speak as though I agreed with you about robots. They are fine in factories making cars but cell phones no so, there they need people, they are cheaper basically and the human motor-skills are better adapted to quickly installing small microphones and speakers and fitting delicate glass etc.

Robot bricklayers, working on uneven terrain, up at heights? Robot plumbers, surgeons, Oh yeah, people will love to have a robot working on their eyes or heart 'Not'. All this talk of robots taking over the majority of jobs is just BS marketing from robotics corps backed up by 60 years of SciFi movies with human scale robots performing miracles. It's all part of the myth of "Man from the caves to the stars" A modern religion basically. Electric cars for all the planet, renewable energy to power us into the new millennium.

The people of the planet have other ideas though, the people have proven for 5000 years that they are incapable of maintaining a civilization. They build them up then tear them down and ours is being torn down before our very eyes.



If you're living well in the suburbs in America you will oblivious to much of this cyclic activity, but like all great events they slowly filter down till nearly everyone experiences them. 2017? That was Trump. A complete break from normal American politics. A rogue, an outlier who didn't rise through the ranks of politics. Then covid, unheard of economic shutdowns worldwide. Now on the brink of WWIII. Yes I can see that charted cycle set being fairly accurate.

[mousepad]

$this->bbcode_second_pass_quote('theluckycountry', 'R')obots?
Robot bricklayers, working on uneven terrain, up at heights? Robot plumbers,

[mousepad]

$this->bbcode_second_pass_quote('theluckycountry', '
')

[theluckycountry]

$this->bbcode_second_pass_quote('mousepad', '
')
you don't seem to understand.
I'm talking about using robots where robots can be used.

[theluckycountry]

$this->bbcode_second_pass_quote('mousepad', '
')interesting chart. Could it be true? or is it cherry picking events to fit a narrative? What do other posters think?

[theluckycountry]

Just Believe





















I could post them up all night, there are thousands of movies and TV episodes portraying robots, some of the biggest box office hits of our time in fact. Just imagine what these movies do in the subconscious of the weak minded. Why were the people's of the Earth so conned by the great Religions for the past 2000 years? Because they had it rammed down their throats every day. I'm not for a moment suggesting this was some deliberate attempt to get people to believe in a star-trek future, it's just a good SciFi Genre, the masses lap it up, they want the Moon and the Stars.

[Newfie]

You sound very much like Peter Zeihan here.

In the USA Social Security was set up as a self funding program. It is an important piece of our retirement funding. Given my age it will likely see me through before collapse.

The thing is that even though things may be less than optimal in the USA, it is better off demographically than much of the world.

And it is rather clever to bring in illegals to work, who will pay into the system, but may never tap the system. Kind of unfair to use them so. The alternative is to kick them out, which they seem to be opposed to. All things being relative the abuse they recieve here is less bad than at home?

[theluckycountry]

$this->bbcode_second_pass_quote('Newfie', '
')In the USA Social Security was set up as a self funding program. It is an important piece of our retirement funding. Given my age it will likely see me through before collapse.

And it is rather clever to bring in illegals to work, who will pay into the system, but may never tap the system.

[theluckycountry]

NATO Head Says "Wartime Mindset" Needed;
Redirect "Pensions, Health, Social Security" To Military Spending
$this->bbcode_second_pass_quote('', '�')��I know spending more on defense means spending less on other priorities. But it is only a little less,” he continued, adding that “On average, European countries easily spend up to a quarter of their national income on pensions, health and social security systems.”

“We need a small fraction of that money to make our defences much stronger, and to preserve our way of life,” he proclaimed, reasoning that “freedom does not come for free.” Nato boss Mark Rutte calls on European members of Nato to spend less on pensions, health and social security and more on defence “to preserve our way of life”.

So the poor must pay for endless Nato wars? pic.twitter.com/gWi6ABthez
— John Moran (@RueDaungier) December 12, 2024

Hundreds of billions have been sent to Ukraine, and for what? How much more do they want? I don’t think many people will be fighting to defend the Globalist war machine run by utter lunatics intent on the destruction of the World.

[theluckycountry]

$1.5 TRILLION Commercial Real Estate Debt DUE 2025
$this->bbcode_second_pass_quote('', 'b')y ITM Trading Dec 16, 2024 : “The delinquency rate for office loans has surged to 10.4%—just shy of the peak during the 2008 meltdown,” warns Taylor Kenney of ITM Trading. With $1.5 trillion in commercial real estate debt maturing by 2025, the ticking time bomb of vacant office buildings could trigger a domino effect through the economy.

[theluckycountry]

nvidea

Market cap $3.2 Trillion.

Taiwan Semiconductor Manufacturing Company also known as TSMC manufactures Nvidia chips. Almost all of the Nvidia GPUs are made by TSMC in Taiwan. many others are made in South korea.
Nvidia is actually a fabless company

NVIDIA stock (symbol: NVDA) underwent a total of 6 stock splits.
The most recent stock split occurred on June 10th, 2024.
One NVDA share bought prior to June 27th, 2000 would equal to 480 NVDA shares today

But Nvidia’s fortunes have taken a significant turn for the better this year. A big push higher in the stock that began in January kicked into overdrive with the release of Nvidia’s first-quarter results on May 24, thanks largely to optimism about demand for its chips due to the boom in artificial intelligence development.

Interesting dynamics. A fabless company, nice buzzword. What it means is that they don't own shit! No fabrication, Factories etc. No supply chains, fleets of trucks etc etc. All the things that give a normal company value. Probably not even the offices they work out of. An Ikea style outfit. The supposed value would be the intellectual property right to their chips I assume. How it merits a market cap of over 3 Trillion is not a real mystery though, that's simply due to the irrational exuberance surrounding it. It's been "pumped". Huge funds have taken large positions, bidding up the price of the stock and raising it's market cap. (supply and DEMAND). To keep it looking like a "Normal" company it has engaged in stock price management (perception management) splitting the stock when it bubbles too high.

I would assume the smart money has long left the company and it's now predominantly owned by the public through various funds. Of course the CEO, Huang, holds a large chunk, 12% about, but you have to have this to maintain legitimacy. Can't have the prophet jumping ship. But he has sold a lot lately, Over $100 million worth a couple of months ago.

It's a great model and one that has been perfected over decades. Pump a stock up by relentlessly buying, then once the dumb public floods in near the top you sell to them. Of course if you're in cahoots with big pension fund managers it makes it a lot easier, and I can't imagine they are not. Do the CEO's and boards of these companies engage in this directly? I doubt it. They would be too busy shopping for new Bentlies and Island resorts. There would be a Wall street outfit, middlemen, that work with the various funds. They would have established the contacts and protocols long ago, probably well before Enron and the like.

https://companiesmarketcap.com/nvidia/stock-splits/
https://www.morningstar.com/markets/fun ... dia-stakes
https://madefind.com/where-are-nvidia-chips-made/
https://finbold.com/these-are-nvidias-t ... mber-2024/
https://markets.businessinsider.com/sto ... sun-405618




He earned it. You paid for it

[yellowcanoe]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('theluckycountry', '[')b]nvidea
Market cap $3.2 Trillion.

[theluckycountry]

$this->bbcode_second_pass_quote('yellowcanoe', '')$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('theluckycountry', '[')b]nvidea
Market cap $3.2 Trillion.

[theluckycountry]

All throughout history men of cunning have rose up as village chieftains, barons and kings, wealthy merchants and warlords. They had one thing in common, a desire for the finer things of life without working too hard for them. To achieve this they had to manipulate the lesser members of their societies, use them as human capital to plow their fields and fight their wars. In this modern age of electronics and corporate structures things are little different, the striking difference being that most of the barons need not ever see or deal directly with those they exploit.

The world we live in is highly complex, very sophisticated, and so therefore are the means with which this exploitation takes place. In times past religion and all sorts of other myths were employed to keep the masses subservient to their masters. Today also, but with the god of money mostly being used as the main manipulative force. If you toil in your factory or office you too will be rewarded, great riches await you at the end of your service. This is the whole philosophy behind the private pension system, a contract between the masters and their serfs that guarantees obedience. Once you're on the hook with 50 or 100k in the account you will keep plodding away for life, building your nest egg.

The fact that the money is beyond your control and subject the theft at any time is only a part of the enslavement. With that nest egg vision off in the future people relax, spend beyond their means and take on debts to improve their lot in the here and now, feeding more and more of their wealth back up the chain to the barons above. For the longest time I wondered why the average man couldn't see this? Why they behaved like a peasant in the middle-ages, toiling in their village to pay taxes to the king and priests. Then I discovered the common factor, it boils down to 'who' you work for.

If you work for yourself, truly for yourself, not some gig-job or as a sub-contractor or contract worker where someone above you calls the shots. But purely for yourself where you have total control and can expand or contract at will, make any changes at will, tell anyone to fuckoff at will, then you can see beyond the fence. You see the taxation system for what it is, a total scam and you find creative ways to avoid as much of it you can. All businessmen do that, it is only the wage-slave that pays the maximum and holds the cherished belief that taxes go to support the community, the people

In their eyes anyone who avoids taxes is a cheat and a lowlife, just as the government trained them to believe. If Buffett or Gates avoid 100 Billion in taxes by employing charitable trusts the government doesn't care, that's baron money, not serf money. It is for the serfs to fund the empire and to enrich the barons. Always have been, always will be. In the past 100 years alone there have been many promises of utopia made to the masses and all of them have been broken, just as they came to the point of fruition. Go fight in our war, when you return we'll give you land. pay into the social security fund, it''s your money, and when you retire you can live like you do now, high on the Hog! Those WWI solders got a rude shock when they returned, as do the current veterans. And the elderly that retire on SS today find they barely have enough to eat and maintain their homes, a new car? Out of the question.

To assume the massive private pensions and other funds people have been paying into will be any different is the height of stupidity in my opinion. But the serfs believe in them still, even after the shock of the global financial crisis. The Emperor was shown as being naked then, but still they believed, and put in extra to catch up. Ahhh, such is the lot of the serf, the indentured servant, the tax donkey. And when it all blows up? Well no one cares because their voices, though many, are never aggregated, and even if they are the media blacks out those events. It was the depression, the Fed made a mistake, it was the war, we all had to sacrifice.

[careinke]

Unlucky,

Bitcoin fixes that. Become your own banker. laziness is a slave trap.

Peace

[theluckycountry]

stinky, do you have to clutter up every thread with an advertisement for shitcoin?
It's really getting quite boring

[AdamB]

$this->bbcode_second_pass_quote('careinke', 'U')nlucky,
Bitcoin fixes that. Become your own banker. laziness is a slave trap.
Peace

[theluckycountry]

Oh look! adam has contributed to the thread

$this->bbcode_second_pass_quote('AdamB', ' ')

[theluckycountry]

Now where were we... That's right, pensions and unemployment.



A nice picture isn't it. A smartly dressed your woman explaining to a well off older woman the ins and outs of pension plans. "It's all so confusing, but my advisor is up to date and I trust her judgement"

I knew a similarly smartly dressed young woman back in the 00's. She ran a wealth management business that took hundreds of millions of old people's dollars and invested them in mezzanine funds, which crashed in the GFC taking all those life savings with them. It was no accident, like most of the ripoffs in that era the people running the funds were shuffling the money into other companies and spending little of it on real construction. It was going into exorbitant fees charged by "analysts" and "planners" and subsidiaries that as it turned out, moved the money offshore.

This is basically what you get at all levels of investing now. Oh sure, most are not as blatant as that, they will invest your money in seemingly good value corporations whose share price is ever rising. But when it all unwinds like in the GFC that money vanishes just as surely as if it was laundered through a Cayman's account. The reason people trust these funds is because they are given credibility by the establishment, an establishment that is sucking on the teat as all that money flows through the system.

But what else are stupid cowardly people going to do? They don't have the time or inclination to do the research necessary to find a safe path through the maze, and for that matter they don't trust themselves to (cowards). They have been dumbed down basically, dumbed down at all levels and throughout their entire lives. If they had dedicated just the time they wasted on one TV series (Seinfeld, The Simpsons) to researching how the world's financial systems worked they would have sidestepped the most egregious scams out there. But they didn't. Instead they abrogated that duty to a stranger, for a fat fee, and sat back and watched their TV's while their life savings poured into an overinflated set of markets run by predators and hucksters.

The picture above is from an article entitled
3 Ways You Could Lose Your Pension—and How to Fight Back
And the No. 1 reason? Your Pension Plan Is Underfunded
So the solution to not losing your pension, is to pour more money into it
$this->bbcode_second_pass_quote('', 'A') major problem for traditional, defined-benefit pension plans today is underfunding. That is, do they have enough money to meet their projected future obligations?