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Subject:  Discouraged about economy

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Glenomkins

Glenoma, WA

I know it’s roaring along fine for some people but I’m not inclined to start a business.
1) no social safety net if I fail / go bankrupt... the net that is there is one that you either get tangled in forever or they don’t even want to catch you (is it just my imagination that if you are middle aged, straight and white you get no sympathy —you just end up living under a bridge?)
2) interest rates are too high and inflation is too high... the money you borrow is going to lose value (what if gas keeps going up? It hurts me and my customers... so it hurts me doubly).
3) interest rates are going up and already no one can afford housing except the software guys... I can only assume this is unsustainable and that I should be planning for a recession.
4) trade is still based on an overly strong dollar—hurts producers of goods
5) too many people living in poverty here in US (and where I live) so there is no strong local market
6) too many regulations / laws / lawyers / liability and the government and the lawyers have more money than me... one legal issue and I’m done.

That’s enough for now. Consider yourself blessed if you don’t have these problems.

4/11/2018 5:37:10 AM

Glenomkins

Glenoma, WA

I see that I am guilty of some harboring some entitlement issues. I guess it’s time I grow up. I’ve had plenty of opportunities in my life and if I’ve squandered them well I should learn from my mistakes...

4/11/2018 5:54:18 AM

Iowegian

Anamosa, IA BPIowegian@aol.com

It is a fact that a majority of new businesses fail in the first year. Starting a business is a risk, so don't bet anything you can't afford to lose.

That's not saying that working for a wage is not a risk too. In an anti labor state like Iowa, you are taking a big risk working for a living. If you suffer a severe injury on the job, they will just dump you. My daughter learned this, working a low wage job full time to put herself through college part time. She ruptured a disc in her back and the workers comp system basically dumped her. She got a pitifully small settlement and is unable to work on a job that requires much physical effort. She has endured 4 surgeries and will have to deal with pain the rest of her life. She is trying to complete her degree, but financial aid is limited. My wife and I are helping her the best we can. I have to get a part time job once I get over all the swelling in my leg from my knee replacement. I will go on Medicare in less than a year, but will have to keep paying my high insurance premium because my wife's employer only offers worthless insurance. And she is facing 2 knee replacements from working as a nurse, on her feet continuously for over 30 years.

The system is not set up to favor working people or small businesses. It is set up to exploit them, drain their income to pay welfare for those on both ends of the economy; those who won't work and the big businesses that get special treatment.

4/11/2018 10:00:23 AM

Glenomkins

Glenoma, WA

People are designed to be hopeful and happy. But the system is designed to maximize profit and wealth for those on top and like it or not its mathematically certain to exploit the wealth of those on the bottom. Having hope in such a system is as futile as having hope at a casino.

The federal reserve’s regulation of inflation/unemployment effectively makes them nothing but a slave master. They reduce inflation by taking wealth, they reduce wealth by keeping 1 out of 20 of us looking for work at all times. That 5% unemployment plus 2% inflation means you will never earn your rightful share of the economy / of the GDP. ...It’s mathematically impossible, even if everyone worked hard, never made a mistake, or had any misfortune... It would still be mathematically impossible to beat the system.

It’s like a big casino. They want you to play their game, even though in the end no matter how well you play you will lose. Some people will get lucky, sure, and that keeps the illusion of hope... many people do alright but many more hardworking people will simply not end up with what they deserve... by a little, or by a lot. I cant wait for this system to end and I believe it will end. It’s not really logical that it will continue forever, because it creates victims, and eventually victims find their voice and/or their strength.

Target should be 0% inflation 0% unemployment. I say nationalize them and give their job to a computer!!!

4/12/2018 2:52:49 AM

Glenomkins

Glenoma, WA

I wish you and your daughter the best...

4/12/2018 4:25:29 AM

MCPUMPKIN

Usa

Nationalize who?

4/12/2018 10:40:17 AM

Iowegian

Anamosa, IA BPIowegian@aol.com

I think he means the Federal Reserve. As far as I can see, it should be unconstitutional. Congress abdicated their responsibility for controlling the money supply and turned it over to a group of oligarchs. Big private banks run the country now. They were responsible for the ridiculous interest rates during the Carter administration. If they were to raise rates that high again, they would destroy the country. Our debt is so high that all we could afford is interest payments on the debt and armed tax collectors to bleed the country dry. We were not vigilant, and now a handful of the super wealthy could drive us into virtual slavery simply by pushing a few buttons on a computer.

4/12/2018 11:49:12 AM

mobymikeguide (Team Beard)

Wisconsin

If you wait for perfect conditions, you will never get anything done.

4/14/2018 2:06:30 AM

Smallmouth (Team Ozark)

Missouri

Mike, what you just said applies to so many of the better things in life. Even women.

4/14/2018 6:29:29 AM

Glenomkins

Glenoma, WA

.i've been greedy and vain and unwise more times than i can count.
I should not take that out on anyone else.
I will wait for the right opportunity and try not to get bogged down by anything out of my control

4/14/2018 7:40:19 PM

MCPUMPKIN

Usa

I have more work than I can keep up with.
The local employment venues are flooded with jobs.
A trucking broker friend says there is not enough trucks out there to handle all the cartage.
The USA economy looks better than it has in 16+ years.

4/16/2018 4:38:36 PM

Total Posts: 11 Current Server Time: 2/22/2019 3:08:44 AM
 
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