When I was young, there was lots of pressure from society and family on young people, especially women, to get married and have kids. Unmarried women over a certain age were "old maids" and looked down upon, and they were financially insecure without a husband's income. Parents and others would pester young married couples with "When are you going to have children?", and "No children. What's the problem?". You could also raise kids on the income of the just the husband with the wife staying home to take care of the kids. All of this is now gone. Women's "liberation", the need for two incomes to live decently, the high cost of childcare, and the desire to "do your own thing" without being restricted by the needs of children have forced the whole world, except Africa, into population decline. Personally, I think there are too many people in the world, but as Bill has noted, population decline will create a major headache in government finances.
And given a little time once that happens, they'll be going full on bankrupt. I can't imagine being a business person needing to get somewhere on time and having to search out a working charging station. What a complete joke.
Sheeet man - again? Their share price dropped to PENNIES on the news of their last "bankruptcy" (tail-end of convid hysteria time), then someone, somewhere, somehow pulled their chestnuts from the flames and, vroooom - share price to the moon.
I remember seeing the incredibly low valuation and thinking to myself, "Self, that looks like a REALLY attractive share price for a company that, at a minimum, owns millions of dollars worth of used cars, even if they did just declare bankruptcy. Hmmmmm..."
But of course, I didn't act on it. You know, the whole bankruptcy thing + sanity kind of got in the way. But maybe there was a lesson in there somewhere...
I don't know if you saw my post of this link earlier this week, but it really spells things out regarding "climate change" and our insane suicide mission:
The idea that we taxpayers are going to โsupportโ all the pension plans out there that used artificially high rates of return for decades to determine payouts, and underfunded them as a result, makes me want to just throw up. Screw them and their beneficiaries. It is not my problem.
The government pensioners sue in court to force the taxpayers to pay up. The solution may be to move to a state or country which doesn't have large, unfunded, pension plans. Agree with wanting to throw up!
Ahhh. South Carolina, the last time I checked, was about 26b underfunded. Most likely more now.
I think the support will come from the Feds. The pension plans will come begging for money and of course to not fund them is a threat to democracy and probably racist.
Yep. This stuff will cost trillions to fix. The insanity we are currently experiencing is just mind boggling. From treating the unvaxxed like the Jews in Nazi Germany to mandating masks that we know donโt do anything to teachers convincing kids with mush for brains that they want to change their sex to spending trillions we do not and never will have..... and a brain-dead president to boot. We, the frogs, are in the pot and the water is just about to boil.
Illinois is 140 billion underfunded. Raising taxes or borrowing this amount of money is probably not feasible, so I agree that support will come from the Feds. Another possibility is that the Supreme Court might allow states to "break" their contractual pension obligations to lower costs, but this ends up screwing the pensioners. The damn politicians created this mess by overpromising pension amounts and then cheating by assuming artificially high pension plan returns!
See Janet Yellenโs letter to Congress last Friday. It spells out the โextraordinary measuresโ the Treasury Department is taking this month due to the tapping out(yet again, on schedule) of the statutory debt ceiling(now $31,381 Trillion and counting). I donโt recall the public parading of government pension accounts as altar fodder in the past, but now we see that funding is being (temporarily) suspended to 3 giant federal pension funds so that operational funding of the government can proceed a little bit longer. Of course we are told funding will be restored and โmade wholeโ as soon as Congress does itsโ job. Congress will, although McCarthy in particular is sensing what feels like more ants in his pants. The markets donโt like this, which they shouldnโt. What jumps out at me is the promise to resume funding something after an emergency passes.
It was Wimpy who said: Iโll Pay You Tuesday for a Hamburger Today. Iโm thinking he ran for Congress.
Do you want Bill to lie to you? I think the whole point of BPR is to โencourageโ you to look out for yourself and not be so reliant on a shaky social contract, underwritten by an even shakier monetary system.
That is not what BPR is about. Maybe try the Unicorn and Rainbow section of substack?
BB and Crew are into Reality and how to best protect yourself, your family and your wealth. We are currently deep in the stew, and BPR is one of the FEW places that is actually acknowledging that fact - and bringing the receipts as to how we got into such a mess.
Keep it up guys...
PS - Maybe you are new here? Bill often writes VERY uplifting letters about his properties, his family, his locale-of-the-moment, etc. Just hang in there Carol...
Evidently America has been the largest Ponzi scam in the history of the universe!
Hopefully all will watch the Madoff documentary and learn how to prepare for the loss of all your wealth, if not vested heavily in precious metals right now...
Inflate of die is not an opinion, it's future history.
One of my high school friends a genius of a fellow took the easy path in life (organized crime). He lived the highlife for many years. I'll never forget when he realized he was for all intents and purposes a deadman.
"My friend, I came to the fork in the road 4 years ago, and now I can see it is time to say goodbye"
He was murdered 6 days later in public waiting at a bus stop.
The entire economic system came to fork in the road, before the QE and massive money printing. Our representatives sold out, and we an hopefully they are going to pay the piper.
If. you want good news, I'd suggest investing in the crypto tech space where some platforms are offering 500-14,000% returns paid in their native tokens which are created out of thin air as are needed to pay liquidity providers.
Yes brother, Jamie also told his management back in 2014 that any who promotes Bitcoin would be fired...as he was buying many tokens. Guess it was his pet rock:)
When I was young, there was lots of pressure from society and family on young people, especially women, to get married and have kids. Unmarried women over a certain age were "old maids" and looked down upon, and they were financially insecure without a husband's income. Parents and others would pester young married couples with "When are you going to have children?", and "No children. What's the problem?". You could also raise kids on the income of the just the husband with the wife staying home to take care of the kids. All of this is now gone. Women's "liberation", the need for two incomes to live decently, the high cost of childcare, and the desire to "do your own thing" without being restricted by the needs of children have forced the whole world, except Africa, into population decline. Personally, I think there are too many people in the world, but as Bill has noted, population decline will create a major headache in government finances.
And government will make it โthe peopleโs problemโ you can be sure
Thanks for going back to the old font. For some reason (probably habit), itโs just more enjoyable to read.
I was thinking Tom Dyson was typing out the newsletters on that old typewriter he found in the attic.
I highly suggest teaching the children how to used that old machine. Nothing works better when the electricity is off.
Maybe BPR was using those old typewriters to crank out their recent posts. The font sure looked like it.
And given a little time once that happens, they'll be going full on bankrupt. I can't imagine being a business person needing to get somewhere on time and having to search out a working charging station. What a complete joke.
Hi Dave and PG -
"they'll be going full on bankrupt."
Sheeet man - again? Their share price dropped to PENNIES on the news of their last "bankruptcy" (tail-end of convid hysteria time), then someone, somewhere, somehow pulled their chestnuts from the flames and, vroooom - share price to the moon.
I remember seeing the incredibly low valuation and thinking to myself, "Self, that looks like a REALLY attractive share price for a company that, at a minimum, owns millions of dollars worth of used cars, even if they did just declare bankruptcy. Hmmmmm..."
But of course, I didn't act on it. You know, the whole bankruptcy thing + sanity kind of got in the way. But maybe there was a lesson in there somewhere...
I don't know if you saw my post of this link earlier this week, but it really spells things out regarding "climate change" and our insane suicide mission:
https://dailysceptic.org/2023/01/10/net-zero-will-lead-to-the-end-of-modern-civilisation-says-top-scientist/
Your kidding !
The idea that we taxpayers are going to โsupportโ all the pension plans out there that used artificially high rates of return for decades to determine payouts, and underfunded them as a result, makes me want to just throw up. Screw them and their beneficiaries. It is not my problem.
The government pensioners sue in court to force the taxpayers to pay up. The solution may be to move to a state or country which doesn't have large, unfunded, pension plans. Agree with wanting to throw up!
Ahhh. South Carolina, the last time I checked, was about 26b underfunded. Most likely more now.
I think the support will come from the Feds. The pension plans will come begging for money and of course to not fund them is a threat to democracy and probably racist.
Yep. This stuff will cost trillions to fix. The insanity we are currently experiencing is just mind boggling. From treating the unvaxxed like the Jews in Nazi Germany to mandating masks that we know donโt do anything to teachers convincing kids with mush for brains that they want to change their sex to spending trillions we do not and never will have..... and a brain-dead president to boot. We, the frogs, are in the pot and the water is just about to boil.
Illinois is 140 billion underfunded. Raising taxes or borrowing this amount of money is probably not feasible, so I agree that support will come from the Feds. Another possibility is that the Supreme Court might allow states to "break" their contractual pension obligations to lower costs, but this ends up screwing the pensioners. The damn politicians created this mess by overpromising pension amounts and then cheating by assuming artificially high pension plan returns!
See Janet Yellenโs letter to Congress last Friday. It spells out the โextraordinary measuresโ the Treasury Department is taking this month due to the tapping out(yet again, on schedule) of the statutory debt ceiling(now $31,381 Trillion and counting). I donโt recall the public parading of government pension accounts as altar fodder in the past, but now we see that funding is being (temporarily) suspended to 3 giant federal pension funds so that operational funding of the government can proceed a little bit longer. Of course we are told funding will be restored and โmade wholeโ as soon as Congress does itsโ job. Congress will, although McCarthy in particular is sensing what feels like more ants in his pants. The markets donโt like this, which they shouldnโt. What jumps out at me is the promise to resume funding something after an emergency passes.
It was Wimpy who said: Iโll Pay You Tuesday for a Hamburger Today. Iโm thinking he ran for Congress.
It's nice to see that the crew at BPR pay attention to the rank and file. Thanks for ditching that new old font!
Excellent article and clearly true! When will Ayn Rand be thoughtfully considered again??
I enjoy reading your emails, however any way you could write one that provides encouragement?
Do you want Bill to lie to you? I think the whole point of BPR is to โencourageโ you to look out for yourself and not be so reliant on a shaky social contract, underwritten by an even shakier monetary system.
Hi Carol -
That is not what BPR is about. Maybe try the Unicorn and Rainbow section of substack?
BB and Crew are into Reality and how to best protect yourself, your family and your wealth. We are currently deep in the stew, and BPR is one of the FEW places that is actually acknowledging that fact - and bringing the receipts as to how we got into such a mess.
Keep it up guys...
PS - Maybe you are new here? Bill often writes VERY uplifting letters about his properties, his family, his locale-of-the-moment, etc. Just hang in there Carol...
Evidently America has been the largest Ponzi scam in the history of the universe!
Hopefully all will watch the Madoff documentary and learn how to prepare for the loss of all your wealth, if not vested heavily in precious metals right now...
Good Prose as always. You always delight. Keep it up, you generate much to discuss. Just saying! F J.
Inflate of die is not an opinion, it's future history.
One of my high school friends a genius of a fellow took the easy path in life (organized crime). He lived the highlife for many years. I'll never forget when he realized he was for all intents and purposes a deadman.
"My friend, I came to the fork in the road 4 years ago, and now I can see it is time to say goodbye"
He was murdered 6 days later in public waiting at a bus stop.
The entire economic system came to fork in the road, before the QE and massive money printing. Our representatives sold out, and we an hopefully they are going to pay the piper.
If. you want good news, I'd suggest investing in the crypto tech space where some platforms are offering 500-14,000% returns paid in their native tokens which are created out of thin air as are needed to pay liquidity providers.
Sounds like a sure thing!
Yes brother, Jamie also told his management back in 2014 that any who promotes Bitcoin would be fired...as he was buying many tokens. Guess it was his pet rock:)
Buy now before the bank runs start....
Agree bro, you are what you eat...brought up by, hang with, believe in, whatever.
Please stay away from crypto...before you know it, you will be living by it...
No kidding with Jamie, you as an insider should know those who have "Clap"trap;/
YEAH!!
THANK YOU PG FOR MAKING THAT DISTINCTION!!!
See? Old dogs CAN learn new tricks... :)
PS - With you 100% on the BTC/Cryptocoin part brother...