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Post Info TOPIC: Elon Musk
Maddog


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Date:
RE: Elon Musk
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Barksdale wrote:
Maddog wrote:
Barks dale wrote:
Maddog wrote:

If we crash and burn it will be because of our sovereign debt. Not because of our foreign policy (except for how fucking expensive our foreign policy can be)..

 Reducing that national debt is obviously important but so quickly and at any cost?

President Musk is playing with fire as his actions seem likely to cause rampant asset price inflation as interests rates comes down. Great for asset holders (generally older people with houses / stock portfolios / rich people) but terrible for anyone else.

All we are seeing is a continuation of one of the biggest heists in history - the transfer of wealth from the young to older, wealthy people - which became bad during COVID - and is getting worse. I feel really sorry for young people in Western economies. It is unlikely they will be able to afford what I took for granted without having an elite job and / or wealthy parents, that being a home of their own and a family without decades of endless drudgery. I don't blame young people for opting out of that shooting match altogether. 

The top 5% will be ok, The rest of the population will be locked into some weird Hunger Games style game of survival. 

Sounds terrific.

 The debt is the biggest problem facing the US..Is Elon going too hard? Maybe, but after decades of ignoring the problem, going hard might be the only way anything gets done.

 

Our interest rates are a reflection of our inflation which needs to be brought under control. Out of control borrowing from the government makes that difficult. Bringing us right back to the need to reign that in. That's why Trump's tariff threats are dangerous..If he goes through with them they can be inflationary. The last thing we need right now..

 Right, but our conversation outlines the very real danger for ordinary Americans of what we are seeing right now.

Assets aren't ordinarily reflected in inflation figures and based instead on consumer prices. Federal spending needs to be brought under control meaning Musk is rapidly taking money out of the economy to bring inflation down and interest rates fall. Trump is threatening tariffs which could raise prices. There is little by way of protection for rent or house price rises.

Result - houses becomes attractive investments for overseas / institutional investors as interest rates fall. They buy up properties and rent them out to ordinary US citizens which reduces their supply. Rent rises, house prices rise, ordinary buyers are priced out and home ownership recedes into the distance (personally I think we will see a marked increase in house prices in both the US and UK of over 50% in the next 5 years or so anyway but that's a different conversation...) They then get also hit on the head with higher prices due to tariffs mean life gets more expensive and the reality of the expense of having children manifests. 

That sounds like a terrible deal to me and a lose of hope for the young. 

Anyway, nice to chat and thank you to the Mods for approving my posts today, much appreciated. 

 It was good to talk to you again..

 

And I don't disagree about the tariffs. 

 

What we are doing may not work well. I am certain that the status quo was a bigger threat though..

 

We simply could not keep doing what we have been doing..Interest payments on our debt have exceeded defense spending.  That's a crazy figure in light of how much we spend on our military.  



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The deity known as Maddog.
Maddog


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Date:
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Also, lower interest rates will make our housing more attractive for all of us..

Those interest rates are the number 1 impediment to younger folks buying.

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The deity known as Maddog.
Vam

Date:
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(sorry, Syl/Diggs scruffy) 

Just a quickie to say, I’ve been caught out before by a dickwad rando posting under the same username as someone I used to have a laugh with over at Dogs back in the day.
So shout out @Barksdale …. if it really is you, Avon, it’s really great to see you! hi



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Maddog


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Posts: 6990
Date:
Permalink   
 

Vam wrote:

(sorry, Syl/Diggs scruffy) 

Just a quickie to say, I’ve been caught out before by a dickwad rando posting under the same username as someone I used to have a laugh with over at Dogs back in the day.
So shout out @Barksdale …. if it really is you, Avon, it’s really great to see you! hi

 It's him. He has a style that some dickwad can't mimic..



__________________

The deity known as Maddog.
jackb


1000 Posts!?

Posts: 1302
Date:
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Maddog wrote:
jackb wrote:
Maddog wrote:
jackb wrote:

So Maddog the important thing here for you isn't what is happening with your presidents
n the oval office it's the guy who runs the YouTube channel being a progressive
that's the real problem?
Goodnight back to bed!

 I don't need propaganda from a political operative to form an opinion.

 

Do you?

 

Just listen to what Elon or whoever says and form your own opinion.

 I think you're missing the point.

 I'm not missing the point. I'm forming my own opinion..

 My point wasn't policy it was allowing Musk into thee oval office like he has and into government the way he has.

Trump must be feeling good having a new best friend who is a billionaire buying him out like he has.

It's been obvious for some time that you're a Trump supporter and you seem perfectly happy

to be supporting this new way of governing.

to properly form your own opinion means listening to the opinions of others.

 



-- Edited by jackb on Wednesday 12th of February 2025 05:59:57 PM



-- Edited by jackb on Wednesday 12th of February 2025 06:01:00 PM

__________________

Machines were mice and men were lions once upon a time. But now that it's the opposite it's twice upon a time.
Maddog


Go Outside

Posts: 6990
Date:
Permalink   
 

jackb wrote:
Maddog wrote:
jackb wrote:
Maddog wrote:
jackb wrote:

So Maddog the important thing here for you isn't what is happening with your presidents
n the oval office it's the guy who runs the YouTube channel being a progressive
that's the real problem?
Goodnight back to bed!

 I don't need propaganda from a political operative to form an opinion.

 

Do you?

 

Just listen to what Elon or whoever says and form your own opinion.

 I think you're missing the point.

 I'm not missing the point. I'm forming my own opinion..

 My point wasn't policy it was allowing Musk into thee oval office like he has and into government the way he has.

Trump must be feeling good having a new best friend who is a billionaire buying him out like he has.

It's been obvious for some time that you're a Trump supporter and you seem perfectly happy

to be supporting this new way of governing.

 



-- Edited by jackb on Wednesday 12th of February 2025 05:59:57 PM

 They are working together. Elon is leading a presidential commission answering directly to the president.

 

Of course they meet a lot..

 

I support cutting the living hell out of our bloated government.  

 

I don't care who does it..



__________________

The deity known as Maddog.
Barksdale

Date:
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Maddog wrote:

Also, lower interest rates will make our housing more attractive for all of us..

Those interest rates are the number 1 impediment to younger folks buying.

Most of those house won't go to first time buyers (unless they have elite jobs and / or wealty parents as I said before,) 

Let's take a property worth $500k. Say by some miracle you have a FTB who has saved a 10% deposit and has $50k waiting in the bank. That still leaves financing of $450k to find. If you have a single person on $50kpa that's a multiple of 9x wages. If you have a couple with a joint income of $100k that's still 4.5x wages. Hopefully you could meet the monthly payments but it may still be tight leaving you with limited disposable income.

Want to have kids on that budget? It's not really conceivable (pardon the pun.) 

 



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Anonymous

Date:
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Maddog wrote:
Vam wrote:

(sorry, Syl/Diggs scruffy) 

Just a quickie to say, I’ve been caught out before by a dickwad rando posting under the same username as someone I used to have a laugh with over at Dogs back in the day.
So shout out @Barksdale …. if it really is you, Avon, it’s really great to see you! hi

 It's him. He has a style that some dickwad can't mimic..

Loooool, thanks I guess.

Hi Maddog,  hi Vam, hope you are both well. It's been a busy time for me. My eldest is going to Uni in September so the conversation about what kids will face in the future is at the forefront of my mind. She wants to live on campus in the first year but we will probably buy a place in the town where she will be based which her friends and her can rent from us in the second year. Makes economic sense to do so and we will keep the rent to break even on the mortgage payments and bills so they should be good with it. However, she does understand how lucky she is to have this option because from what I can see it is only for the few, not the many. 



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jackb


1000 Posts!?

Posts: 1302
Date:
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Maddog wrote:

There is nothing in Canada that we need.

Especially their oil.

Secondly, it's a global economy. There's nothing we can't buy, because there's always someone willing to sell it to the largest consumer on the planet..

 But an  ever diminishing producer...



__________________

Machines were mice and men were lions once upon a time. But now that it's the opposite it's twice upon a time.
Maddog


Go Outside

Posts: 6990
Date:
Permalink   
 

jackb wrote:
Maddog wrote:

There is nothing in Canada that we need.

Especially their oil.

Secondly, it's a global economy. There's nothing we can't buy, because there's always someone willing to sell it to the largest consumer on the planet..

 But an  ever diminishing producer...

 Not of anything Canada makes. We're all set on maple syrup and moose meat. 



__________________

The deity known as Maddog.
jackb


1000 Posts!?

Posts: 1302
Date:
Permalink   
 

Maddog wrote:
jackb wrote:
Maddog wrote:

There is nothing in Canada that we need.

Especially their oil.

Secondly, it's a global economy. There's nothing we can't buy, because there's always someone willing to sell it to the largest consumer on the planet..

 But an  ever diminishing producer...

 Not of anything Canada makes. We're all set on maple syrup and moose meat. 

 That has to rank as one of the most ignorant things I ever heard you say!



__________________

Machines were mice and men were lions once upon a time. But now that it's the opposite it's twice upon a time.
Maddog


Go Outside

Posts: 6990
Date:
Permalink   
 

jackb wrote:
Maddog wrote:
jackb wrote:
Maddog wrote:

There is nothing in Canada that we need.

Especially their oil.

Secondly, it's a global economy. There's nothing we can't buy, because there's always someone willing to sell it to the largest consumer on the planet..

 But an  ever diminishing producer...

 Not of anything Canada makes. We're all set on maple syrup and moose meat. 

 That has to rank as one of the most ignorant things I ever heard you say!

 Correct me. What do we need? 

 

Not that anything is getting cut off anyway.  



__________________

The deity known as Maddog.
jackb


1000 Posts!?

Posts: 1302
Date:
Permalink   
 

Maddog wrote:
jackb wrote:
Maddog wrote:
jackb wrote:
Maddog wrote:

There is nothing in Canada that we need.

Especially their oil.

Secondly, it's a global economy. There's nothing we can't buy, because there's always someone willing to sell it to the largest consumer on the planet..

 But an  ever diminishing producer...

 Not of anything Canada makes. We're all set on maple syrup and moose meat. 

 That has to rank as one of the most ignorant things I ever heard you say!

 Correct me. What do we need? 

 

Not that anything is getting cut off anyway.  

 A lot as your car industry grinds to a halt you might get beyond the propaganda that has you already belittling your neighbour... just as president musk and vice president Trump wanted and expected of the MAGA crowd.



__________________

Machines were mice and men were lions once upon a time. But now that it's the opposite it's twice upon a time.
Maddog


Go Outside

Posts: 6990
Date:
Permalink   
 

jackb wrote:
Maddog wrote:
jackb wrote:
Maddog wrote:
jackb wrote:
Maddog wrote:

There is nothing in Canada that we need.

Especially their oil.

Secondly, it's a global economy. There's nothing we can't buy, because there's always someone willing to sell it to the largest consumer on the planet..

 But an  ever diminishing producer...

 Not of anything Canada makes. We're all set on maple syrup and moose meat. 

 That has to rank as one of the most ignorant things I ever heard you say!

 Correct me. What do we need? 

 

Not that anything is getting cut off anyway.  

 A lot as your car industry grinds to a halt you might get beyond the propaganda that has you already belittling your neighbour... just as president musk and vice president Trump wanted and expected of the MAGA crowd.

 Why would our or the Canadian car industry grind to a halt? 

 

Over tariffs? If that were the case the German car industry would grind to a halt over its tariffs..



__________________

The deity known as Maddog.
Vam

Date:
Permalink   
 

Anonymous wrote:
Maddog wrote:
Vam wrote:

(sorry, Syl/Diggs scruffy) 

Just a quickie to say, I’ve been caught out before by a dickwad rando posting under the same username as someone I used to have a laugh with over at Dogs back in the day.
So shout out @Barksdale …. if it really is you, Avon, it’s really great to see you! hi

 It's him. He has a style that some dickwad can't mimic..

Loooool, thanks I guess.

Hi Maddog,  hi Vam, hope you are both well. It's been a busy time for me. My eldest is going to Uni in September so the conversation about what kids will face in the future is at the forefront of my mind. She wants to live on campus in the first year but we will probably buy a place in the town where she will be based which her friends and her can rent from us in the second year. Makes economic sense to do so and we will keep the rent to break even on the mortgage payments and bills so they should be good with it. However, she does understand how lucky she is to have this option because from what I can see it is only for the few, not the many. 

Wow - she’s on her way to Uni already?! 

I remember real life LMAO when she was your precocious little tweenie, and you occasionally posted about how headstrong and ‘fancy’ she’d get in her interactions with you. She always seemed to school you good and effortlessly ran circles around you! nodwink

(sorry to go off-topic, Jack. But I’m sure you agree it’s good to see Avon show up here)

 

 

 



__________________
jackb


1000 Posts!?

Posts: 1302
Date:
Permalink   
 

Vam wrote:
Anonymous wrote:
Maddog wrote:
Vam wrote:

(sorry, Syl/Diggs scruffy) 

Just a quickie to say, I’ve been caught out before by a dickwad rando posting under the same username as someone I used to have a laugh with over at Dogs back in the day.
So shout out @Barksdale …. if it really is you, Avon, it’s really great to see you! hi

 It's him. He has a style that some dickwad can't mimic..

Loooool, thanks I guess.

Hi Maddog,  hi Vam, hope you are both well. It's been a busy time for me. My eldest is going to Uni in September so the conversation about what kids will face in the future is at the forefront of my mind. She wants to live on campus in the first year but we will probably buy a place in the town where she will be based which her friends and her can rent from us in the second year. Makes economic sense to do so and we will keep the rent to break even on the mortgage payments and bills so they should be good with it. However, she does understand how lucky she is to have this option because from what I can see it is only for the few, not the many. 

Wow - she’s on her way to Uni already?! 

I remember real life LMAO when she was your precocious little tweenie, and you occasionally posted about how headstrong and ‘fancy’ she’d get in her interactions with you. She always seemed to school you good and effortlessly ran circles around you! nodwink

(sorry to go off-topic, Jack. But I’m sure you agree it’s good to see Avon show up here)

 

 

 

 Yes welcome Avon.



__________________

Machines were mice and men were lions once upon a time. But now that it's the opposite it's twice upon a time.
Barksdale

Date:
Permalink   
 

Vam wrote:
Wow - she’s on her way to Uni already?! 

I remember real life LMAO when she was your precocious little tweenie, and you occasionally posted about how headstrong and ‘fancy’ she’d get in her interactions with you. She always seemed to school you good and effortlessly ran circles around you! nodwink

(sorry to go off-topic, Jack. But I’m sure you agree it’s good to see Avon show up here)

 

 Yeah, I really don't know where the time has gone. She's still as feisty as ever you'll be glad to know but I love the conversations I have with her. I recently told her that is she wanted to have a child that being in a monogamous marriage would be a good idea. That went down a treat...

Might she you around on other threads a bit more in the future. As you might expect my life is going to change significantly this year along with my free time. 

 



__________________
Anonymous

Date:
Permalink   
 

jackb wrote:

 Yes welcome Avon.

 Thanks Jack, look forward to putting the world to rights and chatting with you again.



__________________
Maddog


Go Outside

Posts: 6990
Date:
Permalink   
 

Barksdale wrote:
Maddog wrote:

Also, lower interest rates will make our housing more attractive for all of us..

Those interest rates are the number 1 impediment to younger folks buying.

Most of those house won't go to first time buyers (unless they have elite jobs and / or wealty parents as I said before,) 

Let's take a property worth $500k. Say by some miracle you have a FTB who has saved a 10% deposit and has $50k waiting in the bank. That still leaves financing of $450k to find. If you have a single person on $50kpa that's a multiple of 9x wages. If you have a couple with a joint income of $100k that's still 4.5x wages. Hopefully you could meet the monthly payments but it may still be tight leaving you with limited disposable income.

Want to have kids on that budget? It's not really conceivable (pardon the pun.) 

 

 Most of our first time home buyers go through FHA, which is programs that allows for 3% down. And there are local incentives that can pay for most of that too..

 

The down payment can be daunting but it you're realistic you need about 3% of $350K..

Assuming you can make the payment. 



__________________

The deity known as Maddog.
Maddog


Go Outside

Posts: 6990
Date:
Permalink   
 

Anonymous wrote:
Maddog wrote:
Vam wrote:

(sorry, Syl/Diggs scruffy) 

Just a quickie to say, I’ve been caught out before by a dickwad rando posting under the same username as someone I used to have a laugh with over at Dogs back in the day.
So shout out @Barksdale …. if it really is you, Avon, it’s really great to see you! hi

 It's him. He has a style that some dickwad can't mimic..

Loooool, thanks I guess.

Hi Maddog,  hi Vam, hope you are both well. It's been a busy time for me. My eldest is going to Uni in September so the conversation about what kids will face in the future is at the forefront of my mind. She wants to live on campus in the first year but we will probably buy a place in the town where she will be based which her friends and her can rent from us in the second year. Makes economic sense to do so and we will keep the rent to break even on the mortgage payments and bills so they should be good with it. However, she does understand how lucky she is to have this option because from what I can see it is only for the few, not the many. 

 Bring something for your eyes when you drop that baby off at school. You think you are ready. You're not..

 

I can't explain it, but you will feel a weird combination of sadness and pride..

 

Mine are all grown and repopulating the planet now but I remember all 3 times I made that walk to the car. 



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The deity known as Maddog.
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