The whole concept of Minimum Wage is flawed, because it stems from centrally-planned resource allocation. It doesn't solve any problem but only creates new ones. Competition can't be eliminated via decree, it will always find ways of circumvention.
The truth is that in future low-skilled workers will have a very hard time to get any job. Minimum Wage will make the problem only worse, because workers will be more expensive, so their replacement by machines will be accelerated.
ya.ya.yo!
Employment for low-skilled folks would be much higher without a minimum wage. It definitely doesn't benefit the employer or the customer. It artificially benefits those that have minimum wage jobs, at the cost of having others unemployed altogether. Low-skilled/minimum wage jobs should be a steppingstone for people entering the workforce or making ends meet. People need to better understand that it's not a place to have a life long career. Its definitely not a place to have a life long career, a person just can't survive for so many years flipping burgers. And that is a much more comfortable job than others. With the inflation and the increase of price, how much would he even get even if his wage is a little high? We all should educate one another and find more creative and effecient jobs which might benefit more! Grow. Don't do the same job for more than 10 years. Exactly, the idea of the minimum wage isn't that you can make a career doing anything, the idea is that minimal wage jobs allow teenagers a place to start, to move onto better things. Minimum wage shouldn't be elevated to the point where everyone is living luxuriously off of minimum wage, the only effect this will have is increasing the cost of living and destroying small businesses. I think if the minimum wage is adjusted to a particular amount, it might benefit both. I don't think small businesses will just collapse if they pay a dollar or two more and I don't think students will really suffer so much if they get paid a couple dollars less too. I think both can grow mutually if they understand the concept of minimum wage better than just think about 'paying/receiving' more The issue is that the motivation is misplaced. Instead of fighting for a higher minimum wage, why not just redirect that effort into learning a skill? Imagine going your whole life without having any skill, having trouble making ends meet, and doing nothing but complaining to the government or employer about it. I don't agree that an employer should be obligated to pay "a couple dollars more" because the government insists on it. What happens is businesses start outsourcing low skilled labour to other countries, and the country loses employment opportunities. You can already see this for the last couple decades with manufacturing, call centres and IT jobs. |
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The whole concept of Minimum Wage is flawed, because it stems from centrally-planned resource allocation. It doesn't solve any problem but only creates new ones. Competition can't be eliminated via decree, it will always find ways of circumvention.
The truth is that in future low-skilled workers will have a very hard time to get any job. Minimum Wage will make the problem only worse, because workers will be more expensive, so their replacement by machines will be accelerated.
ya.ya.yo!
Employment for low-skilled folks would be much higher without a minimum wage. It definitely doesn't benefit the employer or the customer. It artificially benefits those that have minimum wage jobs, at the cost of having others unemployed altogether. Low-skilled/minimum wage jobs should be a steppingstone for people entering the workforce or making ends meet. People need to better understand that it's not a place to have a life long career. |
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Am I able to switch over to the available full member slot?
Not unless you want to re-sign up for that position as far as I'm aware. I'm not sure what that means. I am a Full Member with a Member slot. I was asking if I could take the empty Full Member slot, and change to the FM signature. |
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The main problem is there is not enough supply. The GDP of a single small country like greece is about $280 billion, how can btc's less than 4 billion marketcap absorb all that new wealth?
If there were to be that type of demand for bitcoin, then the price would rise significantly and you'd have a much larger market cap. |
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The catalysts. Some years ago I independently happenstanced on (discovered) Martin Armstrong's 78.9 (79) year cycle of real estate (which I also correlated to technological unemployment cycles). So when I later discovered Armstrong's cycle models and that he had back tested them to the Athenian empire and before (even as far back as Mesopotamia), I'm keen to accept that such a cycle does exist. Armstrong is the largest hedge fund manager in history, formerly managing $3 trillion in Japanese sovereign funds before he got unintentionally entangled in the USA bankster's involved in the LTCM and Russian bonds scam via Republic bank which involved some of the funds he was managing. It is with this wealth that he compiled the massive $billion (in today's money) historical economics and natural phenomenon database that enable his supercomputer system to correlate and find these patterns and repeating cycles. It is with this system that he has been accurately predicting everything since the 1980s without fail. In fact, I have predicted the past 4 major moves in the Bitcoin price employing his model, including my recent prediction in May that BTC would rise to $315 in June and July, then crash back down to below $150 for the Octoberish bottom. So the model for what you are concerned with has to do with we are in a cycle of shifting from Public (i.e. sovereign and municipal bonds) to Private (e.g. gold, Bitcoin, and until 2017 USA assets including stocks) assets. There are numerous others cycles converging at this time which is what will make this coming contagion so horrific. These include the Cycle of War (both intra- and international), Pandemic Cycle, and even the Little Ice Age cycle of sunspot minimums. What is happening now is the peripheral (to the global reserve) markets are nearing the Minsky moment dominoes collapse coming October. This is evident with rising bond spreads in Europe and the increasing volatility in for example China. And you find similar examples in Venezuela, Argentina, etc.. The distinction from 2008 will be that instead of the USA flooding the world with dollars via QE-to-the-moon (forcing China at al to flood Yuan, Euro, etc to keep US$ from becoming too strong and destroying their exports), this peripheral capital will be stampeding back into the USA as the last standing safe haven and the US Fed will be raising rates because it will see a bubble from its perspective despite the contraction in the rest of the globe's economies. The US$ will become too strong, because the peripheral economies are all effectively short the dollar (via massive loans denominated in US$ because ZIRP forced dollar investors to look abroad for yield which is what caused these bubbles abroad which are now collapsing) and will become even more so as their dollar reserves run back to the USA. Thus going into 2017, the US$ will become so strong that it will choke off the USA economy (and also the stampede of capital into the USA will have peaked), the last economy still standing by that time. As the USA falls into the abyss in 2018, the entire world will descend into a horrific economic collapse. The USA would try to print more QE after it heads down into the abyss in 2018, but this will be too late for the rest of the nations which will have already imploded and the USA's domestic politics are going more radicalized third party (especially after Clinton wins the 2016 POTUS election), thus this will prevent another massive TARP bailout for banks, so the banksters will instead in cahoots with the government go for bail-ins which will be massively deflationary. This is it folks. Cash is king. Get out while you still can. This may be my last warning. I appreciate the in depth response. So what I'm gathering is that there is a cyclical historical pattern that you have observed, and are predicting future movements based on the repeating pattern? Do you think there is going to be an event or paradigm shift that is going to initiate the next cycle/pattern? Or has an event already happened that you have flagged? |
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cash are not that easy to use in different countries, you need to exchange them everytime, a pain in the ass, bitcoin is a global currency, and very easy too move also
and cannot be faked like cash so easily, add on top of this, the less fees required...
I can use my mastercard in a lot of contries without even knowing what currency they have. we are talking about cash not electronic money, also your other issue is the withdrawal limit on basically any atm, you know that with your master card you cannot withdrawn more than a certain amount, with bitcoin there are no restriction of any sort yes you can use your mastercard but they will charge you a great fee for conversion, with bitcoin you don't need to convert in the local currency because bitcoin works globally Ideally Mastercard and Visa should be convenient to use when traveling, and being charged a fee for currency exchange without having to do it yourself. It has been hit or miss though from my traveling experience. Sometimes it's been seamless, and other times, I got into situations where I couldn't use my credit card or debit card because it was locked down by loss prevention, even though I alerted the bank and CC company of my travel plans. Would be great to use bitcoin for travel when it's more widely accepted. |
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So I see 2 threads of why islam hates people or why people hate Islam. I dont see the point of such a mundane debate based on religion any debate for or against religion would be stupid. Either you are stupid to believe what a prophet / god / divine entity said or you are stupid enough to believe you can change the minds of the bleak minded people who follow such a prophet / god / divine entity.
But since its fun let me initiate my own brand of 'why do' topic.
WHY DO ATHEISTS (like me) HATE RELIGION ?
Seriously what has to happen in a person's life for them to seriously give up hope on the one true everlasting brand (of religion) which their ancestors have followed for generations.
Everyone has their own story even I have mine, so lets hear some of it.
I am kind of an atheist. I don't believe there is a divine entity controlling the whole universe. I believe in people . Anyway, my point is that atheists might hate religion because they think some of the arbitrary rituals and superstitions are really irrational and unfair. Mostly people who think more scientifically and don't just follow blindly what their families teach them come under atheists group. I have never been religious, but grew up in an environment where most people subscribed to a religion, but weren't the most serious about it. Over time, I've seen almost everyone I know distance themselves from religion. Most religions succeeded from localized knowledge, before the internet. I think the internet has changed the game, and it's very difficult to condition kids these days, when they have access to whatever information they choose. I think religion is fine as long as it is tolerant and considerate of people that don't subscribe to the same belief system. Once you need to start convincing other people you are reading the right book and the other books are wrong, then it becomes an annoyance. With the internet and access to information, the trend is moving away from religion as each year passes. |
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None of them, i recommend you to wait until the big companies (visa/mastercard) start releasing those so no middleman is involved.
can't see that happening any time soon, mastercard aren't exactly pro-btc. they've been lobbying governments for more bitcoin regulation so I think it's safe to say they see btc as a [future] competitor. They seem to be trying to slow bitcoin's progression into the mainstream and definitely took a stance to not help it. It will be interesting to see what happens though when bitcoin gains popularity, and maybe becomes competitive to the point where it makes sense for larger creditcard companies (MC, Visa) to adopt bitcoin into their business. |
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That's not the way economics works.
The price of goods would be set by the balance between supply and demand and what ever that equivalent is in bitcoin would be the price. Prices of goods wouldn't go up automatically just because of a currency switch alone.
Also, it's very rare that a fiat currency would fail...that would mean that the country has failed, which would be significantly worse.
Bitcoin is better as an alternative to fiat, not a replacement. If it ever replaces fiat it will be manipulated just as fiat has been and we'll all be back to where we were before bitcoin - no alternatives.
Very good points. Other than price movement based on speculation, which doesn't seem to be sustainable, the demand of bitcoin will need to increase through greater user adoption and greater acceptance of bitcoin among merchants. |
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Regarding the comment about real estate and salaries in Europe taking a 50% cut over the next few years, each country and city will be affected differently.
USA and Canada usually has a very similar monetary policy (Canada follows the Fed) and when we had the financial crisis of 2008 and a housing collapse in the states, places like Toronto continued to appreciate because demand remained high. Each city has something different to offer and are usually hit differently by a crisis.
This is true, except two issues remain: 1. Humans are really bad at predicting how chaos unfolds, i.e. which areas and which timing. 2. You are referring to differently timed bubbles developing and peaking; whereas, we are facing a global contagion that will take down all the profligate western nations in a series of dominoes cascade beginning October 2015 and finally taking down the last nation standing (the USA) in late 2017. From 2018 forward we go over the cliff in the West, but Asia will be bottoming around 2020, while the West will continue down and down for the foreseeable decades. From 2033 forward, there will be a new world order, with the financial capital of the world shifted from the West to Asia. Apparently from 2030 forward, the world will also be hit with a Little Ice Age, which will exacerbate crisis. Right. I was just giving an example of one of the bad predictions; not making a prediction myself. Some cities turned into ghost towns and others continued unscathed during that time. In Europe, every city will not be impacted similarly because they have different wealth/debt, jobs to offer, demand to live there, etc. What are the catalysts for your collapse estimates? Also, if the USA maintains global reserve currency status, and is able to print with no limits, while every country happily accepts USD (and the currency's strength is growing) then how will the collapse happen this time? I think the US has terrible fundamentals, but as long as they can give freshly printed fiat to people and received a product, they're on a different playing field. |
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When did you come? The city has cleaned up considerably in the last 5 years. It is very easy to get lost in the centre if you are not familiar with it, the islands and canals all end up looking the same! I'm talking about being outside of the centre specifically, but even that is relatively safe when compared, for example with New York or London. The most expensive canal ring is Herengracht (pronounced Heragrach, if my dutch serves me). I linked a fun study earlier in the thread about the prices on there. If you want a look, check out www.funda.nl- it has an english option and see prices for yourself. You can find studios on the outer canal rings for as little as 120k eur- granted they will be rabbit hutches, but probably not a bad long term investment. I recently saw a 135k 20m square studio on the canal ring after Herengracht- extremely nice finish (wasn't even freehold, was on a municipal lease), went in less than a week. I actually live in a canal house (again I consider myself extremely lucky), it's pretty cool! Apart from the general noise at night it's a beautiful view when it's not raining- actually sometimes even when it is too  But yeah 2 million euros isn't even the lowest end of what large apartments in the more beautiful parts of the centre can cost. There are some truly incredible properties available. Another anecdote- a corner house on Herengracht facing the Amstel river was renovated, and all of the flats went in less than a week. Some property developers are making out like bandits right now. I was there in the spring of 2011, after visiting France, Spain and Portugal. We stayed very close to Prinsengracht...spelling might be wrong, but you'll probably know what I'm talking about. Yeah when I first got there, it was already dark and you're right in that many of the street corners looked very similar. It was a very mind opening trip...and I look forward to another Eurotrip including Amsterdam again. Thanks for the link...I checked out a few properties but will need to spend some more time on the site to see what is available at different price ranges, but the properties that I saw look nice for the price. Glad to be of help, send me a message if you're ever in Amsterdam Will do I hope to go back sooner than later. Regarding the comment about real estate and salaries in Europe taking a 50% cut over the next few years, each country and city will be affected differently. USA and Canada usually has a very similar monetary policy (Canada follows the Fed) and when we had the financial crisis of 2008 and a housing collapse in the states, places like Toronto continued to appreciate because demand remained high. Each city has something different to offer and are usually hit differently by a crisis. |
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When did you come? The city has cleaned up considerably in the last 5 years. It is very easy to get lost in the centre if you are not familiar with it, the islands and canals all end up looking the same! I'm talking about being outside of the centre specifically, but even that is relatively safe when compared, for example with New York or London. The most expensive canal ring is Herengracht (pronounced Heragrach, if my dutch serves me). I linked a fun study earlier in the thread about the prices on there. If you want a look, check out www.funda.nl- it has an english option and see prices for yourself. You can find studios on the outer canal rings for as little as 120k eur- granted they will be rabbit hutches, but probably not a bad long term investment. I recently saw a 135k 20m square studio on the canal ring after Herengracht- extremely nice finish (wasn't even freehold, was on a municipal lease), went in less than a week. I actually live in a canal house (again I consider myself extremely lucky), it's pretty cool! Apart from the general noise at night it's a beautiful view when it's not raining- actually sometimes even when it is too But yeah 2 million euros isn't even the lowest end of what large apartments in the more beautiful parts of the centre can cost. There are some truly incredible properties available. Another anecdote- a corner house on Herengracht facing the Amstel river was renovated, and all of the flats went in less than a week. Some property developers are making out like bandits right now. I was there in the spring of 2011, after visiting France, Spain and Portugal. We stayed very close to Prinsengracht...spelling might be wrong, but you'll probably know what I'm talking about. Yeah when I first got there, it was already dark and you're right in that many of the street corners looked very similar. It was a very mind opening trip...and I look forward to another Eurotrip including Amsterdam again. Thanks for the link...I checked out a few properties but will need to spend some more time on the site to see what is available at different price ranges, but the properties that I saw look nice for the price. |
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Amsterdam is one of the nicest cities I've been to, and would love to go back there, even to live for a year or two.
I'd do a quick financial scenario analysis between renting and buying and keep an eye on what's available for sale on the market.
I think I'm in a little bit of a middle class bubble here compared to the rest of the Netherlands, despite the crime being highest here compared to the rest of the country I haven't had much trouble, but I am lucky enough to live in the centre right now. Is crime an issue there? I was only there for a week a couple years back, but every interaction I had with anyone was pleasant. So are you currently renting the place that you're in? Another option would be to entertain the thought of buying a place with income producing potential. I'm currently searching for this type of property in Toronto. Crime isn't really an issue, no. Crime is highest in Amsterdam in all the netherlands. If you are wise you will not put yourself in harms way. Junkies and criminals are not a major worry, I do not go out late or wander the city in the early hours so I almost never encounter them. There are plenty of gross men out and about of all nationalities, which accost any women. It's pathetic behaviour and gives extremist feminists more ammunition, from the way I've seen some disgusting assholes act I almost don't blame them. When I first got to Amsterdam, it was around midnight and I didn't really know what it would be like. Anyways I went for what I thought would be a short walk around the area by myself, which turned into a long walk because I got lost lol. I found it to be very safe, and most nights we walked around for hours. As long as the more negative interactions are exceptions, you can find that even in the best of cities. The canal houses we saw were absolutely beautiful. Do you know the price range for the ones on the canal, and maybe on smaller streets? I saw a show that had some Americans moving to Amsterdam in houses ranging from 600k a little further out to 2.2MM on the canal. |
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I often lift weights, because for one I am a athlete but also it helps me stay healthy, and feel good about myself. Tons of people look at themselves in the mirror every morning and are dissapointed in what they look like. I have vowed to never have that happen to me, i'm not a crazy gym junky that goes to the gym at 6am and comes back at 6pm, but I do lift enough to keep me in good health and to have me be proud of my body whenever I go to the beach.
We seem to have a similar mentality towards this. The other thing is that when you get into good shape (good is relative, but whatever the peak is) it doesn't feel nearly as good when I'm (relatively) out of shape. When I compare how I feel between those two states, life is way better when I'm in good shape. We all have to drag around this bag of skin our whole life...might as well take care of it...and push it to the limit every now and then for the thrill |
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Amsterdam is one of the nicest cities I've been to, and would love to go back there, even to live for a year or two.
I'd do a quick financial scenario analysis between renting and buying and keep an eye on what's available for sale on the market.
I think I'm in a little bit of a middle class bubble here compared to the rest of the Netherlands, despite the crime being highest here compared to the rest of the country I haven't had much trouble, but I am lucky enough to live in the centre right now. Is crime an issue there? I was only there for a week a couple years back, but every interaction I had with anyone was pleasant. So are you currently renting the place that you're in? Another option would be to entertain the thought of buying a place with income producing potential. I'm currently searching for this type of property in Toronto. |
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Hi I want to create marketing plan but I don't have information about marketing & marketing plan.what should i do in first step ?
If you haven't checked out coursera.org yet, here's the link to a marketing course from the Wharton School. It's an organization affiliated with universities and professors to provide free courses to anyone that wants to sign up. https://www.coursera.org/course/whartonmarketingIt's a one month course and may help you out. Check out the details and intro video of the professors to see if you like it. |
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Amsterdam is one of the nicest cities I've been to, and would love to go back there, even to live for a year or two.
I'd do a quick financial scenario analysis between renting and buying and keep an eye on what's available for sale on the market.
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As for the average being higher, BitWage just released the following info: This is why we are delighted to announce our new product, Bitwage Cloud Savings. By partnering with Bitreserve, we are now able to offer customers the option to choose any portion of their salary to be split and held in 9 currencies and 4 precious metal, including US dollars, Bitcoins, Euros, Pounds, Mexican Pesos, Indian Rupees, Gold, and Silver. If the price goes into bubble territory I can split some of my paycheck into gold/silver or some other currency. That's very cool that all of those currency and precious metal options are available along with Bitcoin. Is there a fee associated with using this service? I'm assuming a currency/foreign exchange fee? |
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Not yet, im 20 year old and until yet i never lift. Few times i lift for fun, when i was with my friends. So whats the Points?
There doesn't need to be a point. There are some obvious benefits of physical activity for those that are motivated to do it. For others, the benefits are not motivating enough to do it and may choose to spend their time doing something else. I am an ectomorph (thin with high metabolism) so I was skinny growing up, and weaker when it came to playing sports. Strength training changed the game for me and allowed me to compete without that strength disadvantage. Over time, it became very enjoyable, increases my appetite, allows me to sleep better, releases more endorphins and a calmer state of mind. I think it becomes a long-term lifestyle when people enjoy it, and maybe a short-term activity to maybe lose some weight or get in shape for a particular event if it's not enjoyable. If you don't train, just think of what it would be like to be maybe twice as strong or faster or more agile. It's a great feeling. |
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If someone tells you can go back in time and invest in either the .com era or the bitcoin era which one will you pick ? if you find your self picking the .com era your most likely a big corporation supporter then a freedom movement supporter, then you will see why bitcoin is the best investment of the century.
If it's purely as an investment, then which ever would yield the greatest returns. Personally, because the .com era was a decade before the bitcoin era, I'd go for that just based on timing I look at a lot of parts of the internet as a freedom movement, of which bitcoin may be considered an offspring. Kind of a weird comparison though, like comparing a road (internet) to a car (bitcoin). |
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