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Author Topic:   The Changing World Order
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 271 of 302 (908471)
03-16-2023 1:15 AM
Reply to: Message 265 by Theodoric
02-28-2023 10:46 AM


Re: An actual economist has thoughts on Dalio
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:
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).
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.

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:
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]

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.
In 2007 UNFI acquired Millbrook Distribution Services.[8] In 2011, UNFI signed a distribution agreement with Safeway Inc. for the distribution of non-proprietary natural, organic and specialty products. This agreement was terminated by Safeway in July, 2015,leading to a drop in share price and two rounds of layoffs, their first in the history of the company.
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.

This message is a reply to:
 Message 265 by Theodoric, posted 02-28-2023 10:46 AM Theodoric has not replied

Replies to this message:
 Message 274 by nwr, posted 03-16-2023 10:31 AM Phat has replied

  
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 272 of 302 (908513)
03-16-2023 8:16 AM
Reply to: Message 270 by Theodoric
03-15-2023 11:57 PM


Re: Frontline PBS Exposes The Problem.
Several reasons. One notable quote:
Frontline:
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.
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!!

This message is a reply to:
 Message 270 by Theodoric, posted 03-15-2023 11:57 PM Theodoric has not replied

  
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 273 of 302 (908517)
03-16-2023 9:08 AM
Reply to: Message 266 by Tangle
02-28-2023 11:03 AM


Re: An actual economist has thoughts on Dalio
https://imageio.forbes.com/...sch/files/2017/11/Untitled.jpg
Dont twist numbers in order to make a socialist war cry.
Forbes:
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.
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.

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.

This message is a reply to:
 Message 266 by Tangle, posted 02-28-2023 11:03 AM Tangle has not replied

  
nwr
Member
Posts: 6419
From: Geneva, Illinois
Joined: 08-08-2005
Member Rating: 5.1


(3)
Message 274 of 302 (908529)
03-16-2023 10:31 AM
Reply to: Message 271 by Phat
03-16-2023 1:15 AM


Re: An actual economist has thoughts on Dalio
(Now who is the villain? Who could it beee?)
The villains are the people who voted for the interests of the super-rich and against their own interests. People like Phat.

--> -->Fundamentalism - the anti-American, anti-Christian branch of American Christianity <-- <--

This message is a reply to:
 Message 271 by Phat, posted 03-16-2023 1:15 AM Phat has replied

Replies to this message:
 Message 275 by Phat, posted 03-16-2023 2:07 PM nwr has replied

  
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 275 of 302 (908545)
03-16-2023 2:07 PM
Reply to: Message 274 by nwr
03-16-2023 10:31 AM


Re: An actual economist has thoughts on Dalio
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.

This message is a reply to:
 Message 274 by nwr, posted 03-16-2023 10:31 AM nwr has replied

Replies to this message:
 Message 276 by nwr, posted 03-16-2023 4:01 PM Phat has seen this message but not replied
 Message 277 by Taq, posted 03-16-2023 4:20 PM Phat has seen this message but not replied

  
nwr
Member
Posts: 6419
From: Geneva, Illinois
Joined: 08-08-2005
Member Rating: 5.1


(1)
Message 276 of 302 (908548)
03-16-2023 4:01 PM
Reply to: Message 275 by Phat
03-16-2023 2:07 PM


Re: An actual economist has thoughts on Dalio
If there are only two choices and the choices are BAD and WORSE, what do you expect would happen?
I expect some people to vote for worse, because they have poor judgement on such issues.
The rest of the world laughs at us.
That's probably because so many Americans make poor decisions.
China,Russia, India,Brazil, Iran, and S.Africa have decided they no longer wish to trade only in dollars.
There's nothing I can do about that, other than avoid voting for incompetent politicians.
You all can keep crowing about how great America and Mr.Biden are, until you find yourselves wiped out.
I don't crow about either.
Biden needs to be tougher against the fascist union of Chinese Industry and Western Government.
Biden is limited by the strong opposition in congress. Presidents are not kings.

--> -->Fundamentalism - the anti-American, anti-Christian branch of American Christianity <-- <--

This message is a reply to:
 Message 275 by Phat, posted 03-16-2023 2:07 PM Phat has seen this message but not replied

  
Taq
Member
Posts: 10158
Joined: 03-06-2009
Member Rating: 4.7


Message 277 of 302 (908549)
03-16-2023 4:20 PM
Reply to: Message 275 by Phat
03-16-2023 2:07 PM


Re: An actual economist has thoughts on Dalio
Phat writes:
You all can keep crowing about how great America and Mr.Biden are, until you find yourselves wiped out.
In reality, other countries are dumping other currencies and buying up US dollars.
quote:
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. . .
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.
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/

This message is a reply to:
 Message 275 by Phat, posted 03-16-2023 2:07 PM Phat has seen this message but not replied

  
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 278 of 302 (910921)
05-26-2023 4:10 AM


Dalio short comment on national debt
https://youtube.com/shorts/Ynh561K9D0E?feature=share
Ten 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

Replies to this message:
 Message 279 by Percy, posted 05-26-2023 8:07 AM Phat has not replied
 Message 280 by Theodoric, posted 05-26-2023 8:36 AM Phat has not replied

  
Percy
Member
Posts: 22608
From: New Hampshire
Joined: 12-23-2000
Member Rating: 4.7


(1)
Message 279 of 302 (910922)
05-26-2023 8:07 AM
Reply to: Message 278 by Phat
05-26-2023 4:10 AM


Re: Dalio short comment on national debt
From the Forum Guidelines:
  1. 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

This message is a reply to:
 Message 278 by Phat, posted 05-26-2023 4:10 AM Phat has not replied

  
Theodoric
Member
Posts: 9277
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.7


Message 280 of 302 (910927)
05-26-2023 8:36 AM
Reply to: Message 278 by Phat
05-26-2023 4:10 AM


Re: Dalio short comment on national debt
Really? Videos again?
continually raising the debt limit (beyond what we pay back, mind you)
What does that even mean?

What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens

Facts don't lie or have an agenda. Facts are just facts

"God did it" is not an argument. It is an excuse for intellectual laziness.

If your viewpoint has merits and facts to back it up why would you have to lie?


This message is a reply to:
 Message 278 by Phat, posted 05-26-2023 4:10 AM Phat has not replied

Replies to this message:
 Message 281 by Tanypteryx, posted 05-26-2023 10:36 AM Theodoric has not replied

  
Tanypteryx
Member
Posts: 4501
From: Oregon, USA
Joined: 08-27-2006
Member Rating: 4.7


(1)
Message 281 of 302 (910928)
05-26-2023 10:36 AM
Reply to: Message 280 by Theodoric
05-26-2023 8:36 AM


Re: Dalio short comment on national debt
Theodoric in Message 280 writes:
Phat in Message 278 writes:
continually raising the debt limit (beyond what we pay back, mind you)
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.

Stop Tzar Vladimir the Condemned!

What if Eleanor Roosevelt had wings? -- Monty Python

One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie

If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy

The reason that we have the scientific method is because common sense isn't reliable. -- Taq


This message is a reply to:
 Message 280 by Theodoric, posted 05-26-2023 8:36 AM Theodoric has not replied

Replies to this message:
 Message 282 by Phat, posted 05-26-2023 1:01 PM Tanypteryx has replied

  
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 282 of 302 (910929)
05-26-2023 1:01 PM
Reply to: Message 281 by Tanypteryx
05-26-2023 10:36 AM


Re: Dalio short comment on national debt
Don't play dumb. It means owing more year after year. Money that never gets paid back.

This message is a reply to:
 Message 281 by Tanypteryx, posted 05-26-2023 10:36 AM Tanypteryx has replied

Replies to this message:
 Message 283 by Tanypteryx, posted 05-26-2023 1:36 PM Phat has replied
 Message 286 by Percy, posted 05-26-2023 2:04 PM Phat has seen this message but not replied
 Message 288 by dwise1, posted 05-26-2023 2:41 PM Phat has seen this message but not replied

  
Tanypteryx
Member
Posts: 4501
From: Oregon, USA
Joined: 08-27-2006
Member Rating: 4.7


Message 283 of 302 (910930)
05-26-2023 1:36 PM
Reply to: Message 282 by Phat
05-26-2023 1:01 PM


Re: Dalio short comment on national debt
Phat in Message 282 writes:
Don't play dumb.
That's good advice.
Phat in Message 282 writes:
It means owing more year after year. Money that never gets paid back.
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!

Stop Tzar Vladimir the Condemned!

What if Eleanor Roosevelt had wings? -- Monty Python

One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie

If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy

The reason that we have the scientific method is because common sense isn't reliable. -- Taq


This message is a reply to:
 Message 282 by Phat, posted 05-26-2023 1:01 PM Phat has replied

Replies to this message:
 Message 284 by Phat, posted 05-26-2023 1:53 PM Tanypteryx has not replied

  
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 284 of 302 (910931)
05-26-2023 1:53 PM
Reply to: Message 283 by Tanypteryx
05-26-2023 1:36 PM


Re: Dalio short comment on national debt
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.

This message is a reply to:
 Message 283 by Tanypteryx, posted 05-26-2023 1:36 PM Tanypteryx has not replied

Replies to this message:
 Message 285 by nwr, posted 05-26-2023 1:58 PM Phat has not replied
 Message 287 by Percy, posted 05-26-2023 2:19 PM Phat has replied

  
nwr
Member
Posts: 6419
From: Geneva, Illinois
Joined: 08-08-2005
Member Rating: 5.1


Message 285 of 302 (910932)
05-26-2023 1:58 PM
Reply to: Message 284 by Phat
05-26-2023 1:53 PM


Re: Dalio short comment on national debt
Phat in Message 284 writes:
And why does it never seem to get paid back?
Because Republicans keep cutting the taxes that should be used to pay it back.
You vote Republican, so you are part of the problem.

--> -->Fundamentalism - the anti-American, anti-Christian branch of American Christianity <-- <--

This message is a reply to:
 Message 284 by Phat, posted 05-26-2023 1:53 PM Phat has not replied

  
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