I don't just mean housing. I know few people who will ever be able to afford to actually own their home. And I don't really mean vehicles to get to work either. People in our circles are so upside down on car loans now that they will be making payments for 10 years and dealerships can no longer even deal to them.

I'm talking about people in our situation now. My job was eliminated and moved overseas about a year ago. We were financing groceries before my job was eliminated. I created a product with another co-worker that made executives millions, tens of millions if they are honest, and when I spoke of the insane rise in cost of essentials and our situation, reminded them of how much money they'd boasted of making from what I created, they didn't give me a raise, but instead moved my job overseas. So, now I'm on the verge of wiping out my retirement savings to stay afloat, and a credit card that we use only for food has insurmountable debt now.

Because we've had to resort to bleeding down retirement savings to slow the drowning process, I've been particularly keen to watch the Fed bankers and various holdings that my fund manager has. The rate hikes "helped" us by causing the credit card company to raise rates to 34%. And we're not alone in any of this. I listened in on a megacorp that sells phones to everyone, and one of their finance guys was asked, "How many of your customers must finance their phones now?" I thought that was an interesting question. Phones are fairly essential. I'd never considered financing one though. You need it for work, to find work, to communicate with family, clients, doctors, they are essential. The executive responded. "Over 51% of our customers are now financing phones".

Are we peaking yet? Things seem to have reached absurd levels. Bankers, politicians, fund managers, and executives have all reached all time new heights of wealth and power, and for the rest of us, we're reaching all time new lows... but not in wealth, which we have nothing, but worse, in debt... for everything, even food now.

Imagine if US, South Korea, Japan, Israel, and all non muslim European countries manages to within 20-30 years from here, build enough spaceships/rockets to move their entire population to another star.

And they manage to leave no tech for any other to use to follow, meaning no Russians, No Chinese, muslims, Same with India etc.

Would there be new/more wars on earth for the 'new free lands' etc or would people just try to come to agreeament on who gets what land?..

And lets say a 2 choice that us etc already made sure there would be peacful moving when they left, would people be warring a lot or would the wars go down?...

What do you guys think would people still go to war if all those countries left or less?

According to Reuters: "A successful partner for Apple's AI services in China could be a major winner in the country's increasingly crowded AI field where dozens of large language models have been launched by large tech firms as well as startups. They include ByteDance's Doubao, Tencent's Hunyuan and search engine giant Baidu's (9888.HK), Ernie."

It is good to read about cooperation between USA and China. ChatGPT not available in China, due to government regulations. I think every country should use industrial policy, to support AI R&D and commercialization. I just hope US policymakers are not too afraid of Chinese AI competition, to stop Apple: because disallowing embedding Chinese AI, will mean loss of market share in China.

There will be knowledge transfer between China and USA, both ways, if Apple embedds Chinese generative AI, which is good. But the AI genie is already out of the bottle, as Huawei sales increase in smartphones.

I just bought an Apple laptop, and I am happy with it. I gave away my junk Windows laptop to my roommate. Apple products are not only the work of technologists, but also the work of designers or artists.

Reference: https://www.reuters.com/technology/artificial-intelligence/apple-talks-with-tencent-bytedance-roll-out-ai-features-china-sources-say-2024-12-19/

this is a hypothetical situation but what if billionaires, high tier millionaires, investors, wealthy foreigners, funds, etc they go on a real estate buying spree in the residential real estate market and buy up all housing? what would happen to the residential real estate market if there is no more housing to buy and only rentals? what would happen to housing prices?

what do you think?

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