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Random Chat, Thoughts, Posts, and/or Rants Thread

Chapas

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It means they’re going to stop artificially propping up the financial markets with low interest rates and money printed to keep prices up.

Probably because everyone realizes how bad inflation is getting.

I wrote about monetary policy levers a while ago, will copy/paste. Same thing applies in Europe as I write about Canada.

Asset purchases are just another word for QE below.

The below is a year old!! =>

Very interesting to read. Learning so much from here all the time. What does this mean short-term here in 2022 and long term?

The easy answer is of course to get food, guns and ammo - but more concrete scenarios. Any predictions?

It is hard to grasp the times ahead of us, when I walk out of my apartment and see a bunch of tourists and locals enjoying life in the sun on the beach. How bad are you expecting things to actually get?
 
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Antifragile

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How bad are you expecting things to actually get?
Not as bad as you think, but a lot worse than you wish. ;)


No one knows … the future is unknowable.
 

jdm667

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Tax brackets should be adjusted for inflation every year change my mind.

(Yes I know it’s probably a feature and not a bug)
The brackets were raised by about 1% from 2020 to 2021. Inflation was much higher than that. You're right - it's a feature, but not a good one. Just like inflation itself, it is just another way to secretly fund bigger government and hope nobody notices as they are pushed into higher brackets.
 
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G

Guest-5ty5s4

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The brackets were raised by about 1% from 2020 to 2021. Inflation was much higher than that. You're right - it's a feature, but not a good one. Just like inflation itself, it is just another way to secretly fund bigger government and hope nobody notices as they are pushed into higher brackets.
It’s also a way to make the asset rich richer and keep the non-wealthy working. Big difference between a million dollar salary and a guy with millions in assets and zero taxable income.

Inflation is great for you once you made it. I like it from that perspective. I just have moral reasons against this design, it’s f*cked up. Namely because it’s unsustainable.
 

Kak

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Tax brackets should be adjusted for inflation every year change my mind.

(Yes I know it’s probably a feature and not a bug)
I’ll change your mind. We should have micro nations competing for the residency of the best and brightest incentivizing with cool things like sound money and flat and minimal taxation.
 

YanC

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Can someone explain to me what this exactly means? People are going crazy in the comment section.

View attachment 43888
I'm very curious how far they will hike rates (or pretend to), as normal rates would instantly bankrupt 80% of european countries and the euro implode. Funny thing is, the euro will end up being worthless anyways if they don't hike rates too. I'm wondering what trick they will play next to keep maintaining this stupid currency alive against all common sense.
 
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ZF Lee

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I'm very curious how far they will hike rates (or pretend to), as normal rates would instantly bankrupt 80% of european countries and the euro implode. Funny thing is, the euro will end up being worthless anyways if they don't hike rates too. I'm wondering what trick they will play next to keep maintaining this stupid currency alive against all common sense.
Most of the inflation is from the cost side of stuck supply chains...so now everyone is backtracking the China tariffs bit by bit so that Chinese deliveries can fire up. Which means the trade wars were just a HUGE waste of time-- no matter what anyone hates about China.
 

Bearcorp

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I’m very excited about LIV golf, but I have searched high and low… I have no clue how to watch it.

Screw the PGA. They are acting like slave owners.

It was on their You Tube channel, and through their Facebook page. US broadcast deals have yet to be established, just one of the many layers of intrigue here. Time difference for this event means I’m in bed for it but I’m looking forward to following the fall out, I’ve seen some headlines about lifetime bans from the PGA..

Couldn’t agree more about your statement regarding the PGA, it’s how they conduct themselves toward anyone involved in golf, now that it’s their golden gooses, the players, that are standing up effectively speaking out by way of leaving and resigning, it’s going to be interesting to see how this plays out.
 
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The Anastasia

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I literally joined the forum today. Here I want to show you my review of the TMF book. It has really inspired and interested me. Also I recently met a nice guy online from another country, we met spontaneously and had no idea we were so similar, so before this forum I shared my thoughts with several people and only two people really agree with my opinion(others is just gray mass on the rat run u know) Now I can show myself to you guys, thanks in advance for your time. Here is my review of TMF :

Yesterday i literally spent the whole day reading the book, i finished it.The book made me realize that im not the only one who thinks the way i do. Like it's just that in my environment there are no fast lane people at all, only curbside mostly and the slow lane is in the minority.Like it gave me a breath of fresh air. U know it's become obvious that every year society crushes all the creativity that we had when we were kids. (Example from a book) they asked the kids in kindergarten who could sing, and everybody raised their hand; then they asked the same question to the middle school kids and only a few raised their hand, and all why, because society said he couldn't, although some might not have even tried.

Even a fckn math teacher can be an entrepreneur: create an online course, offer a new curriculum, ask students what could be done or address non-academic activities, especially teachers have big summer vacations, they have enough time to explore this issue, if only they wanted to. As the author said, u need to crush ur selfishness and address the selfishness around u. Give people what they lack. Ask what they are dissatisfied with and offer it. It's also a great thing about the cause of love. Like everyone around here was like: I want to do what I love. But like the author said: I love playing basketball, but I'm bad at it, i can't make money at it, it's a business tied to ur selfishness. People around u don't care what u like or love, they care and are interested in what u have to offer them. When u offer smth that there is no demand for u will fail. When u offer smth that can actively be in demand, u win. And moreover, love in this case is not as strong a thing as, for example passion and devotion. And the last two things come, as the author said, either from dissatisfaction or excitement. And I’m really unhappy that I'm going to work 9 to 5, have a mortgage, an average car, a bunch of loans, sell my time, be a consumer—it sinks me into rage, dejection and prison, actually it’s a prison. No, opposite, F*ck i want to have a passive income, a cream colored porsche cayenne and u know i haven't decided i want a house in the mountains with my own pool and to go to the sea/ocean when i want or want a house near the ocean right away haha yes i don't have money for either option yet, but i will have even two options if i am on my own and not in a rat race with my surroundings. I know I will do it.

My mom and I were watching a movie and there was one phrase repeated "don't forget to look at smth that doesn't even exist," I don't think my mom noticed it, but my brain focused on it.

The author said that if u talk to the participants of the curbside in the language of the fast line, it is equal to how the Chinese would talk to the Russian (he gave other languages as examples u know) that is absolutely not clear to both sides what the opponent is talking about. My ears bleed when I hear about the thinking of the curbside , and they don’t understand why I'm showing off in such big words. But F*ck the narrow thinking breeds narrow living. If u don't think u are worthy for the life of ur dreams, well, keep thinking that way while i live the life of my dreams

I loaded myself up with this book the last two days, even had a headache, a lot of thinking hah. The most interesting thing is the area that i never thought about, but only for the last two months. F*ck i have this information in my brain at 16 and it's a sin not to take advantage of it, if I act, in the worst case i will be rich (yes not just wealthy, but rich because the author gave everything for it and showed that it's possible) by 26. F*ck it will be possible to retire at 26 because my income will be 80-100% passive. How can i not take advantage of that

I'll rewire my mindset, I'll tweak it to fit my dreams, I have to, for myself, my family, all of society. I have so much disgust with this life of this gray mass that it’s more than enough to move forward and be committed. I have all what are needed.
Also the author mentioned that decisions when u are young have the strongest effect, I’m apparently in the right place at the right time. And also in the process of reading it became more clear to me the root cause of my overeating: again the consumer society, if i sell my freedom to these short-term pleasures i am a slave. It doesn't fit my goals at all: i need health, freedom, good relationships. So now has become easier to deny myself short-term pleasures, for a favorable future.

Also time is the basic currency of life; whoever doesn't value it is poor.

Okay, this could go on indefinitely and u now I've told you probably only 10% of this book and my thoughts on it. Because it's 470 pages long and yes.

And again THANKS VERY MUCH for your attention, happy to have any interaction with my information
 
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The Anastasia

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I made this post for my interlocutor, so don't be surprised if I write “i and u”. I just want you to read my thoughts:

Okay, I watched this vid of Hamza. He is very honest with the audience. He referenced the fast lane book and another one, so funny i have the same knowledge that Hamza already has at least on the one book. So he said about 10% of people are actually entrepreneurs. Like just cause u like cupcakes doesn't mean u have to start a cupcake business immediately. He's like "u're looking at me right now and thinking, no, that's not me, I'm in that 10%," he says it's okay that not everyone is an entrepreneur cause everyone has different skills developed. And entrepreneurship is primarily about mindset: discipline, self-development, morning routine, mindfulness. Through life we gain experience. U have to get that experience, grow on urself, and it's kind of okay if u find that u need someone to manage u. And business plan/ideas are dust if u don't do fckn anything, show results, not a 120 page plan (Hamza is speaking from the book here). Hard work on character is first and foremost.

I think Hamza is a brand. He’s not the usual notorious youtuber. First he’s associated with a leader, confidence, his own ideas that he brings to the masses, actions, then a youtuber. Millions want to become a youtuber (idealized), only thousands try (believed in themselves) and only hundreds become like real youtuber (they knew why they did it, for whom they make content, what they want to achieve, etc. People follow them because they see that the content is designed for a specific audience and people take that product(video) and use it. These bloggers chose the right strategy)

I think u and i can always work for daddy. Fck, i realize im not even the same person i was last december. Im working on my body, mind, environment, character, confidence, social skills, taste in clothes, myself in short. Behind our brand is us, and what are we? What we have made of ourselves.
It will never be enough, u always have to evolve, but appreciating what u have already done is a must. U and I will do a search for resources, we will share findings, maybe there will be ideas in the aftermath. But then again, they're dust if we do nothing. At the same time we will continue to work on the experience, the character, the body u know. To prove to urself everyday, to understand that u are not a pussy, but an active person. While we re young, we have to work, now we have the most power, and this power has x10000 power than when we re old. We CAN try to work in this direction, cause we are quite aware of the concept of self-development, etc. Especially a person will always be looking for validation of his beliefs. Everything starts with a mind. And we already on this way, we have to keep doing

THANKS VERY MUCH for your attention, happy to have any interaction with my information
 

The Anastasia

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I have some thoughts I want to share with you. My friend came up with one assignment for us (apparently, he was inspired by my pick from the book TMF for him): find one profitable way of doing business by the end of the week, to identify the pros, cons, efforts, etc. Just an outline in the form of a presentation.
(We're 16 and 17, we're at the dawn of a life transition, so it's clear why we're doing this)
Sharing it with you guys:

I'm thinking about ur assignment, so i asked my mom what she was ever unhappy with when she bought anything and what she would like to fix. She and her friend couldn't find an answer to my question. Then we started talking about the fact that my perfume from Victoria's Secret ends, i can’t buy new ones because the stores are closed in russia, i ordered a replica, if it smells good, then ill take it and fine
So then they started basically talking about the brand and they were like, when we get rich, we'll buy underwear there. I said u should have that kind of business ( From consumer to producer, u know what I mean haha, turn on a entrepreneurial regime in brain) and also i say that there is a small size set up to xl as i remember. And u know, when i buy Victoria's Secret panties or Starbucks coffee, im buying and being led by the brand. They've tied the brand to people's associations. Starbucks is coffee, atmosphere, working at a notebook. Victoria's Secret is the cute lingerie and homewear, their angels and shows, that were stopped, Apple is about brevity, ergonomics, quality, performance. We have to build a brand, not a business. And also everything good is an upgrade of the old. We don't have to reinvent the rocket. We can take the same Victoria's Secret, and make it for plus-size girls for example. Yes, a lot already make lingerie for all sizes, so we have to think bigger and figure out exactly how we're going to be different from everyone else. We must think how to capture either scale (global, national market, no less) or size, quantity (many different types of products). Or we can do both at once. Apple has both global scale and a bunch of phone models, there's a huge demand for it, so they can control the price themselves, everyone will buy it and they know it. Victoria’s Secret also has global scale and a lot of different products, that's why they are successful

THANKS VERY MUCH
for your attention, happy to have any interaction with my information
 
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Antifragile

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Внатуре четко
No speaking Russian here. The latest thing is to hate all Russians because of actions of one man.
 

MitchC

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No speaking Russian here. The latest thing is to hate all Russians because of actions of one man.
I’d like to think the people on this forum are better than that
 
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Antifragile

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I’d like to think the people on this forum are better than that
I thought my sarcasm was thick enough to be obvious. Like captain obvious type.
 

Antifragile

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It was a joke, sarcasm. Welcome to the forum.

Привет и пиши на любом языке. И может расскажи о себе немножко нам всем интересно.
 
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GreyGoose66

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Heyy. Currently doing business about selling adult product( sex toys basically ). Amazon will be my first and main site to sell these but still looking for more ways and platforms to boost the sales. Please give me some advice or suggestions about it. Thanks in advance.
 

Antifragile

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GPM

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I warch this Joey guys short clips making fun of tik tockers and stuff, this one just popped up. I had no idea this Kat lady was so damn cool!!

 
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The Anastasia

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It was a joke, sarcasm. Welcome to the forum.

Привет и пиши на любом языке. И может расскажи о себе немножко нам всем интересно.
Fck due to the circumstances it was hard to laugh about it hah.. like im from russia and I already prepared to hiding my identity here, because people are different, u never know, although here it seems to protect the rights and isn’t acceptable insults and discrimination
 

Antifragile

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Fck due to the circumstances it was hard to laugh about it hah.. like im from russia and I already prepared to hiding my identity here, because people are different, u never know, although here it seems to protect the rights and isn’t acceptable insults and discrimination
If you wanted anonymity from your Russian background, you shouldn’t have used Anastasia as your handle ;).

But seriously, this place isn’t about politics or “latest thing”. It’s entrepreneur forum. Most of us are rebels and don’t follow mass media hypnosis.
 

Chapas

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Fck due to the circumstances it was hard to laugh about it hah.. like im from russia and I already prepared to hiding my identity here, because people are different, u never know, although here it seems to protect the rights and isn’t acceptable insults and discrimination
Приветствую!

Here everyone is welcome. This forum is the last sane place left on this lunatic spaceship called earth :)
 
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Mathuin

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MJ DeMarco

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Where's the outrage?
Where's the wall-to-wall coverage?
Where's the hashtags?
Where's the CEO's of big corporations lobbying politicians for actions?


This tragedy is barely mentioned in the Western media and gets less attention than a worthless Major League baseball game.

In what I view one of the biggest tragedy in years, I guess certain humans are less valued than others. I guess when you can't further an agenda and a narrative, it simply isn't worth the focus.

So sad. These are people, with children, families, friends, and lives. 80 people sadly lost.
 
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GPM

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Due to legislative changes in Canada’s tax laws, eBay will be required to charge and collect Canadian GST/HST, QST, and PST on applicable sales to Canada-based buyers, effective July 1, 2022

Well this is frustrating. Canada now wants GST from used sales between private members, which was never the case before. I wonder how long until they start to go after those who sell stuff on kijiji and facebook marketplace.

Oh wait, I know how they can better facilitate this, how about we roll out a Canadian Digital Currency headed by the Bank of Canada. What a great idea. It warms my heart to know they are already well on their way to making this our new reality.
 

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