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Matt33

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I've been telling my business partner that cryptocurrency will be heavily regulated, he doesn't believe it.
Crypto will be taxed in fiat on the "gains". Same with everything.. the issue comes when the fiat printing creates larger numbers of dollars, even though values of assets decrease. They will tax those "gains". But they aren't real gains, they're just stealing 20-40% of your wealth every time you decide to reallocate capital into a different investment vehicle.
 

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Crypto will be taxed in fiat on the "gains".

Imagine a retroactive tax. LOL.

"We figured out what crypto really is, and we don't like that. If you wanna keep your crypto you gotta pay whatever we taxed you in inflation to give out for handouts so we can stay in power" LMAO
 

Matt33

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Crypto will be taxed in fiat on the "gains". Same with everything.. the issue comes when the fiat printing creates larger numbers of dollars, even though values of assets decrease. They will tax those "gains". But they aren't real gains, they're just stealing 20-40% of your wealth every time you decide to reallocate capital into a different investment vehicle.
Imagine a retroactive tax. LOL.

"We figured out what crypto really is, and we don't like that. If you wanna keep your crypto you gotta pay whatever we taxed you in inflation to give out for handouts so we can stay in power" LMAO
The federal reserve and the Fiat currency and banking system is what gives them their power.
 

DoingDeals

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It's a good thing because the government regulation & taxing cryptocurrency will crash the market allowing you to potentially buy a lot more.
 

socaldude

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Just for the record. :)

I think these were $10 a year ago LOL.

I’ll check back in a few months.

View attachment 38440


I was at Home Depot today and went to re-check the price on this just for fun. Definitely cheaper. So that’s good news I guess. But remember, from $66 to $18…that’s a BIG move. Even if it is to the downside. Is this a sign of slower growth for our economy?

Definitely interesting to see the price action right in front of you and not on some computer screen in a digital ether.

03DC45B2-8E03-4A37-B34B-ACDF934DB1B6.jpeg
 

jdm667

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I was at Home Depot today and went to re-check the price on this just for fun. Definitely cheaper. So that’s good news I guess. But remember, from $66 to $18…that’s a BIG move. Even if it is to the downside. Is this a sign of slower growth for our economy?

Definitely interesting to see the price action right in front of you and not on some computer screen in a digital ether.

View attachment 39984
Down to less than 30% of the price it reached before ... makes me wonder how hard stocks & housing could crash.
 

WJK

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Down to less than 30% of the price it reached before ... makes me wonder how hard stocks & housing could crash.
They, stocks and housing, have crashed before and it hurt a lot of people. I can talk about real estate crashes for the last 45 years from a personal experience... 1980, 1990, 2008... I was in Los Angeles for 30 of those years.

During the 1990s, the Savings and Loan Associations and the Thrift Industries collapsed due to the downturn -- Wall Street took over real estate financing through the secondary markets. In the real estate industry, our mantra was "Stay alive 'til 95". That downturn last just about the whole decade. 1995 came and went with no relief. I was a commercial real estate appraiser and I appraised some residential properties. So, when I saw the market going sideways, I went to law school for a couple of years during all of my spare time. By the time I finished and earned my J.D. in 1995, I had developed an expert witness business in real estate matters. Those were hard times for my appraisal business but transformable for my basic direction.
 

socaldude

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Down to less than 30% of the price it reached before ... makes me wonder how hard stocks & housing could crash

My opinion is that the oil crash of last year was a bad omen for a global economic slowdown.
 

jdm667

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In the real estate industry, our mantra was "Stay alive 'til 95".
Right - you don't know how long the market will stay down. Plus, if you are over leveraged, severe inflation can wipe you out, even with a lot of runway.

If you lose your job and we see 100% inflation, your 2-year runway is now a 1-year runway. In the 2008 recession, people were running out of unemployment after 99 weeks with no job in sight.

I think a lot of people who bought a house at inflated prices recently (based on their "safe" job income) will be in trouble ... eventually. I think tiny houses & trailers will be very valuable soon - not because everybody wants one, but because they will have no choice.
 

WJK

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Right - you don't know how long the market will stay down. Plus, if you are over leveraged, severe inflation can wipe you out, even with a lot of runway.

If you lose your job and we see 100% inflation, your 2-year runway is now a 1-year runway. In the 2008 recession, people were running out of unemployment after 99 weeks with no job in sight.

I think a lot of people who bought a house at inflated prices recently (based on their "safe" job income) will be in trouble ... eventually. I think tiny houses & trailers will be very valuable soon - not because everybody wants one, but because they will have no choice.
You're right. A lot of people who lost their homes in 2008 crash were middle class, hard working people. They were over extended by buying houses that they couldn't afford, during the bubble.
And right now, we're seeing the same trend lines in the housing market. The big difference is the lower interest rates, but that doesn't help when someone is underwater on their loan balance. IF the market goes south, it's going to hurt a lot of people.
 
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SamRussell

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UK wholesale gas* prices have exploded this year:

_120618038_gas_prices_640x2_v2-nc.png


The government is talking about bailing out firms that promised customers prices that were not realistic.

*natural gas for cooking, or running boilers. Not petrol / car fuel.
 

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UK wholesale gas* prices have exploded this year:

_120618038_gas_prices_640x2_v2-nc.png


The government is talking about bailing out firms that promised customers prices that were not realistic.

*natural gas for cooking, or running boilers. Not petrol / car fuel.
Just in time for winter. This is going to hurt a lot of people.
 

SamRussell

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Just in time for winter. This is going to hurt a lot of people.

Sort of... but not the people you think...


The UK government has set a limit on how much energy companies are allowed to increase prices, which is going to force a lot of energy companies out of business.

All the customers of the bankrupt companies will be automatically transferred to other companies, to prevent a stop in supply.

And people say we need governments to "enforce competition". This is a classic example of how governments go about creating monopolies-by-force, intentionally or not.

Eurgh.
 

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Here’s a quote from 9/1 and then a new quote from 9/15.

Keep in mind that this quote would have said $5,000 a few months ago.
So if I had 1000 dog beds to ship, the cost of shipping went from $5/bed to $15/bed to $19/bed in less than 6 months. Imagine what that does to my wholesale price and then to the retail price!
D1EDFBEA-FFAE-42B1-876A-A6B34A9F9959.jpeg

7D4292E9-5062-4F44-8B6D-B1D59BBDC361.jpeg
 

MJ DeMarco

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Here’s a quote from 9/1 and then a new quote from 9/15.

Keep in mind that this quote would have said $5,000 a few months ago.
So if I had 1000 dog beds to ship, the cost of shipping went from $5/bed to $15/bed to $19/bed in less than 6 months. Imagine what that does to my wholesale price and then to the retail price!
View attachment 40049

View attachment 40050

What is the reason for this? Several years ago, there was a glut of supply of cargo containers. I remember hearing that a bunch of them were dormant. Are they no longer operating? Fuel cost is definitely higher, but has it really quadrupled?
 

OMDA

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What is the reason for this? Several years ago, there was a glut of supply of cargo containers. I remember hearing that a bunch of them were dormant. Are they no longer operating? Fuel cost is definitely higher, but has it really quadrupled?
I saw this earlier: https://www.reddit.com/r/Superstonk/comments/ptenk6 View: https://old.reddit.com/r/Superstonk/comments/ptenk6/chemicals_are_drying_up_prices_are_skyrocketing/



Sounds like train backups due to shipping backups, and trucking worker issues. Warehouses full but can't get things moved around due to restrictions or not enough workers.
 

WJK

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What is the reason for this? Several years ago, there was a glut of supply of cargo containers. I remember hearing that a bunch of them were dormant. Are they no longer operating? Fuel cost is definitely higher, but has it really quadrupled?
I read an article on this issue. There are gluts of containers in shipping yards all over the world and they are choking the system. Also, the Chinese are pivoting and creating social changes within their businesses that are disrupting the supply chain. They are trying to choke off their independent businesses and demanding that these business men give millions in their profit over to their government.
And the beat goes on, and the beat goes on...
 

thechosen1

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I read an article on this issue. There are gluts of containers in shipping yards all over the world and they are choking the system. Also, the Chinese are pivoting and creating social changes within their businesses that are disrupting the supply chain. They are trying to choke off their independent businesses and demanding that these business men give millions in their profit over to their government.
And the beat goes on, and the beat goes on...
Coming to a country near you.
 

biophase

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What is the reason for this? Several years ago, there was a glut of supply of cargo containers. I remember hearing that a bunch of them were dormant. Are they no longer operating? Fuel cost is definitely higher, but has it really quadrupled?
I think a whole bunch of things that all added up together. The shut down during the pandemic, the increased shipping with everybody trying to get back their inventory to a normal amount.

People are talking about containers going even higher up to $40,000. If you do a Google search on container prices you will see many articles about people talking about raising their consumer goods prices.

I think many companies have been absorbing these costs hoping that they would go down but I feel that they can’t keep doing it

There are many companies that have basically shut down, and not will not ship anything over from China until the prices become lower because they can’t make any money.

I think we will see shortages on many consumer goods in the next six months which will cause their prices to go up in addition to the shipping price is going up. So we could see huge price increases.

I mean if you imagine I was selling a $50 dog bed last year with a $5 shipping cost, and this year it’s a $20 shipping cost. I would have to sell that same dog bed at $65 to make the same amount of profit that I made last year. Or I could’ve made the choice to not order any dog beds this year.

So imagine that I am one of the companies that decided to import the dog beds. And now my shipping cost is higher plus there is a shortage of dog beds because other companies decided not to import them. What is this dog bed worth now to people who want them? $100?
 

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This happened today, media decided to report fuel shortages which led to everyone panic buying fuel, which led to even worse fuel shortages lol, lucky I filled up yesterday but traffic was awful.


"It comes amid warnings that Britain is facing a “winter of discontent”. Supermarkets have also warned of shortages of food in the run-up to Christmas as they too struggle with the lorry driver shortages."
"There are warnings that bills could rise for more than a million families as energy firms collapse owing to rising wholesale gas prices. The end of the Universal Credit uplift and rising inflation are also set to cause problems for families later this year."
"Meanwhile, the Bank of England warned that price inflation will remain high until the middle of next year at least. Officials said inflation would rise above 4 per cent, double the Bank’s target rate, raising expectations that interest-rate increases will be needed to control the economy."
 
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AceVentures

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Can't help but think about Ravioli these days - he did try to warn us of the nothing burger and the impact it would have on the economy...

1632522109676.png
 

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MJ DeMarco

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Can't help but think about Ravioli these days - he did try to warn us of the nothing burger and the impact it would have on the economy...

View attachment 40083

What did he say? I don’t quite remember. He owned a candle factory that was shut down and was totally pissed off.
 

GPM

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He was 100% saying cooooov was a nothing burger all the time.

In his defence has the cor-cor done anything to the economy, or has it been 100% government's over reach?

I'm spelling those words like a moron on purpose
 

Walter Hay

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There are many companies that have basically shut down, and not will not ship anything over from China until the prices become lower because they can’t make any money.
The China supply problem is partly due to the CCP setting out to take ownership of manufacturing businesses away from wealthy individuals, and convert them into state owned businesses.

It seems reminiscent of the Soviet Communist series of 5 year plans that saw state control of all industries including agriculture. The subsequent lesson of serious decline in productivity does not seem to have been learned by the CCP.

I commented on the problems with huge freight cost increases in the thread linked below, but was seriously over-optimistic when I wrote: "For those in the US, my suggestion is to try sourcing in Mexico and if possible, Brazil. Road transport is available from both."

Road transport in Latin America is suffering from the same problems now being encountered in many countries.

Maybe I should have suggested buying locally, preferably from a manufacturer within a short drive from your premises, so you don't spend too much on increasingly expensive gas.

If in the UK you might not want to drive anywhere because you might have to push your car home because you can't find petrol.

I am an optimist by nature, but I must admit to a slight worry about the future for many eCommerce businesses.

Freight costs from China to the U.S. From $8000 to $24,000 per 40 foot container in the past month.

Walter
 

WJK

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The China supply problem is partly due to the CCP setting out to take ownership of manufacturing businesses away from wealthy individuals, and convert them into state owned businesses.

It seems reminiscent of the Soviet Communist series of 5 year plans that saw state control of all industries including agriculture. The subsequent lesson of serious decline in productivity does not seem to have been learned by the CCP.

I commented on the problems with huge freight cost increases in the thread linked below, but was seriously over-optimistic when I wrote: "For those in the US, my suggestion is to try sourcing in Mexico and if possible, Brazil. Road transport is available from both."

Road transport in Latin America is suffering from the same problems now being encountered in many countries.

Maybe I should have suggested buying locally, preferably from a manufacturer within a short drive from your premises, so you don't spend too much on increasingly expensive gas.

If in the UK you might not want to drive anywhere because you might have to push your car home because you can't find petrol.

I am an optimist by nature, but I must admit to a slight worry about the future for many eCommerce businesses.

Freight costs from China to the U.S. From $8000 to $24,000 per 40 foot container in the past month.

Walter
I read an article today about China and how they are pissing off everyone around the world in their quest to dominate. And with the pandemic, they are trying to take advantage of the situation that they probably created. It shows a lack of social character and blatant greed. Right now they are looking like the playground bully. And as we all know, the playground bully is really a coward -- who is ripe for the taking.

We need to bring our manufacturing home. Take care of our financial mess. Then, give the Chinese a graceful way out of their mess -- when all this social engineering they are doing falls flat. Their grand scheme will take time to fail. We sure don't want to back them against the wall and start WWIII. If we clean up our act here at home, I think that the Chinese problem is a self-correcting one. In my mind, probably one of the greatest feats that Trump did during his administration was change people's view of the Chinese and what they are doing to their people and everyone else they touch.

I'm not sure that the CCP has really grasp this huge change in their national image. And I'm watching them double down on their social engineering programs. By stepping back and tending to our problems, we can give them room to fail on their own terms.
 

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You down with CCP? Yeah, you know me.

In all seriousness we should flip the script & start manufacturing things to sell China. Can you imagine everything saying "made in the USA" stamped on all of their products? Switching from a consumer nation to producing, one of the founding principles in The Millionaire Fastlane . This could be an opportunity.
 

WJK

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You down with CCP? Yeah, you know me.

In all seriousness we should flip the script & start manufacturing things to sell China. Can you imagine everything saying "made in the USA" stamped on all of their products? Switching from a consumer nation to producing, one of the founding principles in The Millionaire Fastlane . This could be an opportunity.
This is a HUGE opportunity. With AI and robotics available -- coupled with the higher labor and goods costs in China added to the shipping fees -- we can and should do it right here at home.

That is especially true for smaller businesses that can find a niche. My CPA bought a business that manufactures gaskets for older engines, and he ships his goods all over the world. He had to move to an area that has a terminal for his international shipping. No one wanted to buy this company and the old owner had to retire -- so my guy bought it for a song. How much of that old equipment that can still be used is sitting out there????
 

Jeannen

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The China supply problem is partly due to the CCP setting out to take ownership of manufacturing businesses away from wealthy individuals, and convert them into state owned businesses.

It seems reminiscent of the Soviet Communist series of 5 year plans that saw state control of all industries including agriculture. The subsequent lesson of serious decline in productivity does not seem to have been learned by the CCP.

I commented on the problems with huge freight cost increases in the thread linked below, but was seriously over-optimistic when I wrote: "For those in the US, my suggestion is to try sourcing in Mexico and if possible, Brazil. Road transport is available from both."

Road transport in Latin America is suffering from the same problems now being encountered in many countries.

Maybe I should have suggested buying locally, preferably from a manufacturer within a short drive from your premises, so you don't spend too much on increasingly expensive gas.

If in the UK you might not want to drive anywhere because you might have to push your car home because you can't find petrol.

I am an optimist by nature, but I must admit to a slight worry about the future for many eCommerce businesses.

Freight costs from China to the U.S. From $8000 to $24,000 per 40 foot container in the past month.

Walter
That's very interesting

I'm currently in the process of designing my eCommerce product, not at the manufacturing stage yet, but if the price difference isn't going to be that huge with lower productions, I'd rather have it produces in Europe
 

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