The Changing World Order

Im in the same boat as the teachers and other pension funded professions! I started in the grocery industry way back in 1989. 34 years ago. I was 29 years old and finally had a stable union job in the grocery store industry. My employer at that time was Cub Foods, a subsidiary of Super Valu
From Article:

Wiki:

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SuperValu, Inc. was an American wholesaler and retailer of grocery products. The company, formerly headquartered in the Minneapolis suburb of Eden Prairie, Minnesota, had been in business since 1926.[1] It is a wholly owned subsidiary of United Natural Foods (UNFI).

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On July 26, 2018, SuperValu announced that it had agreed to be purchased by Providence, RI-based United Natural Foods Inc., the largest distributor to Whole Foods Market and other natural foods stores. UNFI would pay $1.3 billion in cash and assume another $1.6 billion in SuperValu debt and liabilities. UNFI said it expects the deal to result in roughly $175 million in savings over three years and that it would divest itself of SuperValu's grocery stores.[2] (...)In 1980, the company acquired Minnesota-based Cub Foods, which operated five stores in the Twin Cities area.

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Now it gets interesting! For the record, I worked for Cub Foods from 1989-2003, when they closed abruptly. (Now who is the villain? Who could it beee?)

Wiki:

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On January 23, 2006, SuperValu announced that it, along with CVS Corporation and a collection of investors led by Cerberus Group, agreed to acquire Albertsons, Inc. for $9.7 billion. The acquisition was completed on June 2, 2006. (...)January 2013, the company announced it was selling the Acme Markets, Shaw's, and Jewel-Osco chains and their remaining Albertsons stores to Cerberus Capital Management for $100 million in cash with Cerberus assuming $3.2 billion in existing debt. [15] SuperValu would keep its Cub, Farm Fresh, Shoppers Food & Pharmacy and Shop ‘n Save brands as well as its wholesale supply operation while the Acme, Shaw's, Star Market, and Jewel-Osco stores were reunited with Albertsons.[16] The deal closed March 21, 2013. On March 14, 2018 Supervalu announced it would be closing 21 of its 38 Farm Fresh locations, selling 18 to Kroger and 3 to Food Lion.[17]

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To summarize, Cerbus helped spin off the 11 Cubs stores here in Denver, I got laid off and they then bought Albertsons, laid a bunch of them off, bought Safeway in 2013 and laid a bunch of us off, merged with Albertsons and now want to merge with Kroger. In reality, they will sell Kroger 15 or so of our stores, lay the rest of us off (or wreck the union and trash our pension) and pay off their shareholders out of the sales. After squeezing the equity out of my employer, they will leave it to its doom. Again. UNFI owns Super Valu and supplies Whole Foods with its stuff. (Bezos The Clown owns Whole Foods! )Republicans are no friends of mine. I see a bigger picture globally, however. If any of you are smart, you will realize that as long as the Chinese Government is communist, they are no friend of ours, either.As for Cerberus, they are like a "union" of wealthy investors. They are a private equity firm.

Several reasons. One notable quote:

Frontline:

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When the Fed changes to the primary engine of economic growth, it's supposed to be our democratic institutions that do that, not the central bank.

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The central bank bails out banks, buys the failed bonds, sits on the bonds until they mature, and essentially insures the wealthy investors, Banks do have a 250,000 FDIC guarantee for their regular customers, but the banks don't have the money to pay everybody and so the FED essentially creates more money(leading to more inflation) in order to shore up the bank. Take mortgages. Lured by cheap interest rates, consumers refinanced their mortgages for many years as interest rates hovered near 0%. Biden looks us in the face and claims that stockholders wont get a bailout since they "took a risk" by investing in stocks. (which had a 50 year cycle of growth, by the way)And yet the banks again get bailed out rather than letting them naturally fail. Im telling you again...The Fed is either clueless or diabolical. I cant decide which at this point in time. And what about Pension Funds? What about the 100 trillion elephant in the room that is unfunded liabilities?What about social security, for crying out loud!!

https://imageio.forbes.com/...sch/files/2017/11/Untitled.jpgDont twist numbers in order to make a socialist war cry.

Forbes:

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In its report, the think tank also found that, collectively, the individuals on The Forbes 400 hold more wealth than the bottom 64% of the country, "more people than the populations of Mexico and Canada combined." Altogether, the list members were worth $2.7 trillion this year, a 59% increase over the last five years alone.

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The net worth of the median American family, meanwhile, has declined by about 3% on an inflation-adjusted basis since Forbes began publishing the 400 in the early 1980s, the institute says. It reports that the typical U.S. family is presently worth some $80,000.

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The entire net worth of the Forbes 400 is 2.68 Trillion. If we took ALL of the money from the Forbes 400, we would barely make a dent in the national debt, let alone Bidns proposed budget for 2023 alone. Quit sounding the Leftist war cry of needing a new Robin Hood. I dont know why you elitists are so concerned about Republican money. Maybe you think they should be forced to give it to Greenpeace or something, I dunno. I DO think that they should guarantee my pension at work that I worked 33 years to get. I DON'T THINK that the capitalists should be forced to support the whole world, however.

The villains are the people who voted for the interests of the super-rich and against their own interests. People like Phat.

If there are only two choices and the choices are BAD and WORSE, what do you expect would happen? The rest of the world laughs at us. (Or perhaps they turn away in disgust!)China,Russia, India,Brazil, Iran, and S.Africa have decided they no longer wish to trade only in dollars.You all can keep crowing about how great America and Mr.Biden are, until you find yourselves wiped out. Biden needs to be tougher against the fascist union of Chinese Industry and Western Government.

I expect some people to vote for worse, because they have poor judgement on such issues. That's probably because so many Americans make poor decisions. There's nothing I can do about that, other than avoid voting for incompetent politicians. I don't crow about either. Biden is limited by the strong opposition in congress. Presidents are not kings.

In reality, other countries are dumping other currencies and buying up US dollars.

quote:

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The U.S. dollar is strengthening because the Fed adopted a hawkish monetary policy stance in response to skyrocketing inflation. It has lifted the federal funds rate from near zero at the beginning of 2022 to a range of 3.75% to 4% at the November FOMC meeting. . .

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Meanwhile, the sheer tonnage of geopolitical risks swamping the global economy, not least of which are China’s economic troubles thanks to its zero Covid policy and bursting real estate bubble, have driven investors to safe-haven investments. And the greenback is currently one of the safest bets around.

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When global investors pour money into U.S. dollars, they are selling off other currencies. Buying dollars pushes up the value of the greenback, and selling other currencies weakens their value.
https://www.forbes.com/advisor/investing/strong-dollar/

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https://youtube.com/shorts/Ynh561K9D0E?feature=shareTen second clip of Ray Dalios opinion.I cant understand people who say that continually raising the debt limit (beyond what we pay back, mind you) wont lead to eventual problems that the US cant handle.At the very least we should balance our yearly budgets.Part 2 clip: What should be done according to Dalio(15 seconds)
https://youtube.com/shorts/Ynh561K9D0E?feature=share

From the Forum Guidelines:

5. Bare links with no supporting discussion should be avoided. Make the argument in your own words and use links as supporting references.

In your own words, describe Dalio's points, then contribute your discussion of them or advance your arguments about them. I think most of the people here have said they will not be watching your videos.--Percy

Really? Videos again? What does that even mean?

It means we can add "raising the debt ceiling" to the long list of subjects Phat has no clue about.

Don't play dumb. It means owing more year after year. Money that never gets paid back.

That's good advice. So I was correct, something else you do not understand. It's an authorization to PAY for goods and services already bought on credit by our government. This is authorizing paying it back, Dumbass!

OK, fair enough. So WHO does the government authorize to pay it back?{or...WHO does the Federal Reserve authorize to pay it back?)And why does it never seem to get paid back? After all, the amount grows each year.

Because Republicans keep cutting the taxes that should be used to pay it back.You vote Republican, so you are part of the problem.