Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

MadMarketScientist

This Is Why There Are No Jobs in America

Recommended Posts

Awesome article ... MMS

---------------------------

 

I'd like to make you a business offer.

 

Seriously. This is a real offer. In fact, you really can't turn me down, as you'll come to understand in a moment…

 

Here's the deal. You're going to start a business or expand the one you've got now. It doesn't really matter what you do or what you're going to do. I'll partner with you no matter what business you're in – as long as it's legal.

 

But I can't give you any capital – you have to come up with that on your own. I won't give you any labor – that's definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you're allowed to operate your business. That's my role in the affair – to tell you what to do.

 

Now in return for my rules, I'm going to take roughly half of whatever you make in the business each year. Half seems fair, doesn't it? I think so. Of course, that's half of your profits.

 

You're also going to have to pay me about 12% of whatever you decide to pay your employees because you've got to cover my expenses for promulgating all of the rules about who you can employ, when, where, and how. Come on, you're my partner. It's only "fair."

 

Now… after you've put your hard-earned savings at risk to start this business, and after you've worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you'd like to cash out – to finally live the good life.

 

Whether or not this is "fair" – some people never can afford to retire – is a different argument. As your partner, I'm happy for you to sell whenever you'd like… because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.

 

I know… I know… you put up all the original capital. You took all the risks. You put in all of the labor. That's all true. But I've done my part, too. I've collected 50% of the profits each year. And I've always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business.

 

Oh… and one more thing…

 

Even after you've sold the business and paid all of my fees… I'd recommend buying lots of life insurance. You see, even after you've been retired for years, when you die, you'll have to pay me 50% of whatever your estate is worth.

 

After all, I've got lots of partners and not all of them are as successful as you and your family. We don't think it's "fair" for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children.

 

All in all, if you're a very successful entrepreneur… if you're one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public… you'll end up paying me more than 75% of your income over your life. Thanks so much.

 

I'm sure you'll think my offer is reasonable and happily partner with me… but it doesn't really matter how you feel about it because if you ever try to stiff me – or cheat me on any of my fees or rules – I'll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail.

 

That's how civil society is supposed to work, right? This is Amerika, isn't it?

 

That's the offer Amerika gives its entrepreneurs. And the idiots in Washington wonder why there are no new jobs…

 

Regards,

 

Porter Stansberry

Share this post


Link to post
Share on other sites
Awesome article ... MMS

---------------------------

 

I'd like to make you a business offer.

 

Seriously. This is a real offer. In fact, you really can't turn me down, as you'll come to understand in a moment…

 

Here's the deal. You're going to start a business or expand the one you've got now. It doesn't really matter what you do or what you're going to do. I'll partner with you no matter what business you're in – as long as it's legal.

 

But I can't give you any capital – you have to come up with that on your own. I won't give you any labor – that's definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you're allowed to operate your business. That's my role in the affair – to tell you what to do.

 

Now in return for my rules, I'm going to take roughly half of whatever you make in the business each year. Half seems fair, doesn't it? I think so. Of course, that's half of your profits.

 

You're also going to have to pay me about 12% of whatever you decide to pay your employees because you've got to cover my expenses for promulgating all of the rules about who you can employ, when, where, and how. Come on, you're my partner. It's only "fair."

 

Now… after you've put your hard-earned savings at risk to start this business, and after you've worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you'd like to cash out – to finally live the good life.

 

Whether or not this is "fair" – some people never can afford to retire – is a different argument. As your partner, I'm happy for you to sell whenever you'd like… because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.

 

I know… I know… you put up all the original capital. You took all the risks. You put in all of the labor. That's all true. But I've done my part, too. I've collected 50% of the profits each year. And I've always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business.

 

Oh… and one more thing…

 

Even after you've sold the business and paid all of my fees… I'd recommend buying lots of life insurance. You see, even after you've been retired for years, when you die, you'll have to pay me 50% of whatever your estate is worth.

 

After all, I've got lots of partners and not all of them are as successful as you and your family. We don't think it's "fair" for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children.

 

All in all, if you're a very successful entrepreneur… if you're one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public… you'll end up paying me more than 75% of your income over your life. Thanks so much.

 

I'm sure you'll think my offer is reasonable and happily partner with me… but it doesn't really matter how you feel about it because if you ever try to stiff me – or cheat me on any of my fees or rules – I'll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail.

 

That's how civil society is supposed to work, right? This is Amerika, isn't it?

 

That's the offer Amerika gives its entrepreneurs. And the idiots in Washington wonder why there are no new jobs…

 

Regards,

 

Porter Stansberry

 

MMS, I think we need to label you a vendor.

Share this post


Link to post
Share on other sites

I think it was an article about estate planning with life insurance.

 

It has many elemenets of truth in it which is why it pisses you off when you read it. In fact I think he missed quite a few items that add to the anti-business theme.

 

Say all you want about America, but we have the best variety of women anywhere.

Share this post


Link to post
Share on other sites

ahhh Porter.....

I have to love the free market capitalists who think that the government is what causes them to have all these problems and why its not worth setting up a business.

These are the same people who then generally expect someone to pay for the roads and transport for their products, supply a steady form of policing so that their business is not looted, and ensure that people dont dump toxic waste in their water supply......

....and correct me if I am wrong. American seems to have done pretty well from the mix of government intervention into their economy. Did he complain when the US subsidized industries to help them get going, or when farmers needed to survive help stay on the land. Is he up in arms about the fact that many farmers still get subsidies when they are not needed.

Isn't America the land where the very rich pay less tax than the secretaries ;)

If that is truly what he believes - then he should either a....get a job and let somone else pay him, or b....join the government.

 

(dont worry I hate paying taxes as well, but i also understand that someone has to pay for things.....maybe he should focus his attention on wastage, unnecessary bureaucratic and inefficient systems - otherwise he is just another Occupy Wall street hippy in suit)

Share this post


Link to post
Share on other sites
.......

Say all you want about America, but we have the best variety of women anywhere.

 

I think once you've passed through Thailand or Columbia, you might change your mind. But I'm thinking more accessibility vs variety.

 

ahhh Porter.....

I have to love the free market capitalists who think that the government is what causes them to have all these problems and why its not worth setting up a business.

These are the same people who then generally expect someone to pay for the roads and transport for their products, supply a steady form of policing so that their business is not looted, and ensure that people dont dump toxic waste in their water supply......

....and correct me if I am wrong. American seems to have done pretty well from the mix of government intervention into their economy. Did he complain when the US subsidized industries to help them get going, or when farmers needed to survive help stay on the land. Is he up in arms about the fact that many farmers still get subsidies when they are not needed.

Isn't America the land where the very rich pay less tax than the secretaries ;)

If that is truly what he believes - then he should either a....get a job and let somone else pay him, or b....join the government.

 

(dont worry I hate paying taxes as well, but i also understand that someone has to pay for things.....maybe he should focus his attention on wastage, unnecessary bureaucratic and inefficient systems - otherwise he is just another Occupy Wall street hippy in suit)

The Westernized countries have the infrastructure for serious and scalable business. But the emerging economies have the simpler, stress-free lifestyle. The wise people pick the best of both worlds whenever possible.

Share this post


Link to post
Share on other sites

The Westernized countries have the infrastructure for serious and scalable business. But the emerging economies have the simpler, stress-free lifestyle. The wise people pick the best of both worlds whenever possible.

 

is that why so many of them wish to migrate to the USA? ;) must be to pay the higher taxes.

Share this post


Link to post
Share on other sites
I think once you've passed through Thailand or Columbia, you might change your mind. But I'm thinking more accessibility vs variety.

 

 

The Westernized countries have the infrastructure for serious and scalable business. But the emerging economies have the simpler, stress-free lifestyle. The wise people pick the best of both worlds whenever possible.

 

You are living in la la land? I suggest you go to Africa and see the "stress-free lifestyle" of the emerging economies with people starving and not having basic services. No fresh running water, no electricity, no medicine, the list goes on and on and on. To me that is hell, not simpler, stress free.

Edited by MadMarketScientist
no personal attacks please - thanks

Share this post


Link to post
Share on other sites

What useless fox news talking points.

NAFTA, severe debt recession, and the rich "job creators" shipping jobs off-shore might have a little somethin' somethin' to do.

 

Bush incredulously promoted out-sourcing. (True story) While in India (some nuclear treaty) in Feb, 2006 Bush said clearly to an Indian audience "out-sourcing is perfectly OK" WOW?! My own president said that?! WOW?! The Indian audience was at first stunned then cheered wildly. Bush literally forgot where he was. That our Dubya?!

Share this post


Link to post
Share on other sites
What useless fox news talking points.

NAFTA, severe debt recession, and the rich "job creators" shipping jobs off-shore might have a little somethin' somethin' to do.

 

Bush incredulously promoted out-sourcing. (True story) While in India (some nuclear treaty) in Feb, 2006 Bush said clearly to an Indian audience "out-sourcing is perfectly OK" WOW?! My own president said that?! WOW?! The Indian audience was at first stunned then cheered wildly. Bush literally forgot where he was. That our Dubya?!

 

That reminds me - everything is relative - in 2009 I was in Kolkata (Calcutta) India a very socialist province and we walked past a government building with a big protest sign outside it.....

"Stop outsourcing Indian jobs"

We did not have a camera but wish we had taken a picture.....I think they were worried about outsourcing to East Asia.

Share this post


Link to post
Share on other sites
That reminds me - everything is relative - in 2009 I was in Kolkata (Calcutta) India a very socialist province and we walked past a government building with a big protest sign outside it.....

"Stop outsourcing Indian jobs"

We did not have a camera but wish we had taken a picture.....I think they were worried about outsourcing to East Asia.

 

I love your perspective.

I wonder if the Indian Prime Minister would be caught in (somewhere) East Asia telling an East Asian crowd that "(Indian) out-sourcing is perfectly OK!" ? I think that the Indian PM is much too smart for that.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.