#usa economy
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buzz-london · 2 days ago
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Americans have voted for this, time and again!
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Musk has stock valued at $400 billion. The value is based on multiples of earnings or eventual earnings.
Americans earn paychecks. People have bank accounts or use cash.
Average workers don't have wealth based on multiples of their earnings.
Don't confuse stock valuations with hard work.
Elon has the benefit of the stock market valuations and multiples to crush your earned social security and medicare.
Stop adoring this psychopath.
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xxruletheworld · 7 days ago
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another reason to hate America (USA), poor woman 🙁
they live off tips
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head-post · 11 days ago
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HP Insight
Trump to pay off US national debt with bitcoins
During his election campaign, Donald Trump assured the entire planet that he would be able to repay the US national debt by paying it off with bitcoins. Most of the people took his words as a peace move or a joke. However, it was for nothing.
The Bitcoin quote depends solely on the balance of supply and demand, it is not regulated or constrained by anyone. At the same time, no one is obliged to accept bitcoins, i.e. there is no mechanism to get anything for them if for some reason they refuse to buy or accept them as payment.
Its price will rise due to increased demand and limited supply, which creates tremendous value, unlike conventional money, which can be printed as much as you want, and the more it is printed, the more it depreciates. Experienced stock speculators know very well how to create (or simulate) increased demand. Here we can recall how George Soros, using insider information about the artificial collapse of the pound sterling rate, earned his first billion dollars, and he did it in just one day.
Pragmatic financiers always dream of making money quickly, easily and a lot. Financial pyramids are built on the exploitation of this desire, which are created from nothing, promise a lot and obey the only law: the organisers and those who enter the pyramid among the first can grab their piece of the pie.
Bitcoin is also a phenomenon from this sphere. Its difference is that pyramid builders, as a rule, announce what fixed increase of the capital invested today will be tomorrow and the day after tomorrow (for example, any financial pyramid). No one announces in advance the quotation of bitcoin, the named unit of the cryptocurrency system. It is only known that its growth or fall depends on the ratio of supply and demand of this crypto.
Initially (in 2008, which coincidentally coincided with the global economic crisis), the author of this system, hiding behind the pseudonym Satoshi Nakamoto, announced its creation and “participants of the exciting game for money” rushed to mine bitcoins. How did it happen and is it happening now?
Specialists explain that “miners computers solve a complex cryptographic problem, which consists in selecting (actually – guessing by brute force) a combination of numbers and letters that will enter a new block of the blockchain. Without mining, no new transactions would be added to the network that are written to the same blocks, and so the whole mechanism would cease to work. The computer that finds the right solution first receives a bonus of a certain amount of crypto coins.” The participants of the system will be able to mine 21 million bitcoins by joint efforts. The founder has decided that the issue will not expand.
At the start of the mining process, these 21 million bitcoins were worth exactly $0 and 0 cents. As bitcoin miners produced more and more bitcoins, new participants were drawn into the game, a cryptocurrency exchange appeared, and rates began to fluctuate. Surely there were people who noticed that the coin invented by Sakamoto is not backed by anything. But does that surprise anyone? Dollar since the middle of the 70s of the last century, after its unbinding from gold, also exists, although it is not secured by anything, except the obligation to pay for transactions in this currency. And there are no problems – it is quoted on exchanges.
As conditional units were mined and interest in the system grew, money flowed into it, and cryptocurrency began to be quoted on exchanges. The cryptocurrency went from a value of zero per unit of nothing to $1 in almost three years, reaching that level in March 2011. Today, the “unit of nothing” rate fluctuates up and down around $100,000. Is this the limit? No, of course not.
Bitcoin price
It is impossible to give an exact answer to the question ‘how many times the price of bitcoin can still grow. But if the count goes into the hundreds of thousands – it is unlikely to surprise. In 2010, American Laszlo Hanyecz bought two pizzas for 10 thousand BTC (the value of 1 BTC at that time was $0.0025). If Hanyecz had simply saved this electronic money for 10 years, his bitcoin account would be worth up to $450 million in 2021.
What influences the price of bitcoin? – Supply and demand on cryptocurrency exchanges, – Regulatory decisions by governments of different countries, – Technological updates and network security, – Statements by well-known investors and public personalities, – Activity of large holders (whales of the market), – General state of the world economy, – Introduction of cryptocurrencies into traditional businesses.
One can still list a number of factors and see that none of them can be categorised as “events that exist independently of the individual.” Including even such phenomena as economic crises, which their organisers carefully try to disguise as “processes that arose spontaneously as a result of lack of control over certain areas of the economy, overproduction of goods and services,” etc.
It is sometimes suggested online that it is impossible to accumulate a large number of bitcoins in one hand. This is not the case. Firstly, such a ban would violate the freedom of trade. And secondly, it was impossible to accumulate in one hand when bitcoins were only being mined and there was no other way to get virtual currency. After it started to be listed on exchanges, buying and selling started and it became possible to accumulate a large amount in one hand.
Besides, “in the same hands” does not mean under one name. There can be many formal owners, but all of them, in fact, can work for one pocket.
That is, the phenomenon that really influences the cryptocurrency exchange rate is the notorious “human factor.” And since this is the case, there is no problem to catch up the value of bitcoin to the level needed by the US to pay off its astronomical national debt. At today’s rate of $100,000 per bitcoin, Trump needs 350 million units of the cryptocurrency to do this. Among experts today there is speculation that the US now has about 200 thousand BTC at its disposal. In the total issue, which is, let me remind you, 21 million, America’s need does not fit yet. But it will not pay off its debts tomorrow.
By the right moment, there is no doubt that the exchange rate, using the points mentioned above, will be driven to the required height. And the states will not even have to have on their balance sheet the entire volume of existing bitcoins.
One fine day for the US, it will transfer its crypto-money to all the treasure holders, which, few doubt, it bought at the dawn of the system for mere pennies. Or (more likely) during Trump’s first administration, when at the end of 2018 the value of bitcoin fell by 80% compared to 2017 and miners sold their businesses en masse due to their inability to recoup their losses.
Consequences of paying off US government debt with cryptocurrency
Some time after the debt is zeroed out, it will not be difficult for the world hegemon to close the channels to the recipients of the payment. That is, an unknown (or known) hacker group will once again hack the crypto exchange. What will happen next can be understood on the example of the Mt. Gox platform, where bitcoins were traded. In February 2014, it was hacked not for the first, but now for the last time. Hackers stole 744,408 units of cryptocurrency. The exchange went bankrupt, the bitcoin price collapsed by 36%, and the stolen virtual money was not returned to the owners.
Of course, there will be many who want to say that all this is a conspiracy theory and conspiracy theories. But COVID-19 in 2019 was also called a natural phenomenon, and the other day almost the entire world press agreed that the origin of the virus-carrier of the disease is the fruit of laboratory efforts of scientists.
Trump’s warning has been sounded. But bitcoin holders will cling to it to the end – it fluctuates up and down, and every time it goes down, the owners of this cryptocurrency have greed over fear – you just have to wait for a good deal and the lost will come back. To then fall again. Already irrevocably.
THE ARTICLE IS THE AUTHOR’S SPECULATION AND DOES NOT CLAIM TO BE TRUE. ALL INFORMATION IS TAKEN FROM OPEN SOURCES. THE AUTHOR DOES NOT IMPOSE ANY SUBJECTIVE CONCLUSIONS.
Erik Kelly for Head-Post.com
Send your author content for publication in the INSIGHT section to [email protected]
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never-forget-viva-la-pluto · 5 months ago
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the us economy is a nightmare. i have been applying for jobs nonstop for a whole year now and 3 places have called me back.
1 was a mlm scheme
2 was a place that had moved out of my state and wanted me to relocate to arkansas
3 was a local owned shop and warehouse that pays 14/hour but their wiki page has a controversy section that is twice as long as the all the other sections combined. on top of that all the reviews say that they interview just to keep up appearances that they are expanding but that they haven't actually hired anyone in over 2 years.
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the usa economy is a nightmare and this is with a college degree, 5+ years of work experience, and keeping quiet about my disabilities.
its not just a nightmare. its impossible
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buzz-london · 3 months ago
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Something is wrong somewhere…
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some-film-stuff · 14 days ago
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head-post · 3 months ago
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EU imports more gas from Russia than US
The EU imported significantly more gas from Russia than the United States between April and July, according to Euractiv.
The EU imported 13 billion cubic metres (bcm) of Russian gas in the second quarter of 2024, for a total of 26 bcm this year. Meanwhile, quarterly imports of liquefied natural gas (LNG) from the US fell to 9.5 bcm, totalling 22 bcm, Bruegel reported.
European utilities paid a whopping 10 billion euros to Russian state-owned Gazprom. Ben McWilliams, an associate fellow at Bruegel, said:
Overall imports are down and flexible US LNG is squeezed out at the margin.
Norway remains the largest natural gas supplier to the EU with 21 bcm of supplies in the second quarter, whereas Russia strengthens its position in second place.
Past attempts to raise the issue of sanctions against Russian gas failed. EU gas imports would be on the agenda of the energy ministers’ meeting on 15 October in the context of winter preparedness, as it was expected that supplies through Ukraine could be halted.
Read more HERE
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buzz-london · 3 months ago
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No one cares!
Remember that when U vote!
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peripateticavian · 4 months ago
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Gods Hello Kitty is just a symbol of greed at this point.
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kazifatagar · 5 months ago
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US Unemployment Rises to 4.3%, Job Growth Slows Significantly
The U.S. unemployment rate rose to 4.3% in July 2024, marking the fourth consecutive month of increase and reaching its highest level since October 2021. Read more Business News Saga led highest monthly sales for Proton Nonfarm payrolls grew by only 114,000, significantly below market expectations and the lowest increase in three months. The private sector added 97,000 jobs, with private…
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sharkspez · 7 months ago
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Badge: 🩵 🩵 🩵
That's about to be 25% of the 🇺🇸 U.S. population with NO 👩‍⚕️ nurses to take care of any of them. That's when the fun will really begin 🎉
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aci25 · 8 months ago
Video
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How the US Is Destroying Young People’s Future | Scott Galloway
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head-post · 3 months ago
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Oil prices rise with US interest rate cut expectations
Oil prices rose slightly in early trading on Monday on expectations of a US interest rate cut this week. However, growth was limited by weak economic data from China and lingering demand concerns.
International benchmark Brent crude rose 0.74 percent to $72.14 a barrel at 11.35 a.m. local time (0835 GMT), up from the previous session’s close of $71.61.
US benchmark West Texas Intermediate (WTI) rose 0.93% to $68.38 a barrel after closing at $67.75 in the previous session.
Markets are set for an interest rate cut by the US Federal Reserve following its meeting scheduled for Wednesday, which would be the first rate cut since 2020.
The bank is likely to start the easing cycle, but market uncertainty remains over how aggressive the rate cut will be.
While investors have raised their odds of an aggressive 50 basis point rate cut, a 25 basis point cut remains on the table. Lower interest rates typically reduce borrowing costs, which fuels expectations of increased economic activity and oil demand.
However, the rise in oil prices was tempered by rising demand in the market following the release of data from China. China’s economic data released over the weekend pointed to weakness in the economy of the world’s largest oil importer, adding to doubts about oil demand.
The country’s industrial production in August fell short of expectations, unemployment rose and house prices fell further.
Read more HERE
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buzz-london · 4 months ago
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LOL
Such an obvious liar!
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peripateticavian · 6 months ago
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Joe Biden is a conservative has been a conservative and always will be a conservative who cares more about money and appearances and pretending to be inoffensive enough to maintain power than any human life.
Vote Claudia de la Cruz.
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gameofthrones2020 · 1 year ago
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Why Are Americans Jumping Ship
The question needs to be asked why are Americans jumping ship and leaving California, New York and other cities in the United States for new locations? 
The question needs to be asked why are Americans jumping ship and leaving California, New York and other cities in the United States for new locations?  This is internal migration within the United States of America, not migration to other nations, particularly the English-speaking world and Europe.  People migrated due to better economic prosperity or an escape from persecution immigration to…
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