At our newly opened Slave Mart, I saw shoes for $4.99. So when they wear out in a few months, you buy new ones!
Cheapness -- and the decline in durability that has accompanied it -- has triggered an astonishing increase in the amount of clothing we buy. In the mid-1990s, the average American bought 28 items of clothing a year. Today, we buy 59 items. We also throw away an average of 83 pounds of textiles per person, mostly discarded apparel, each year. That's four times as much as we did in 1980.
Since 1995, the number of toasters and other small electro-thermal appliances sold in the U.S. each year increased from 188 million to 279 million. We buy more than 2 billion bath towels a year, up from 1.4 billion in 1994.
Three business professors illustrate how inducing manufacturers to cut product quality enhances Walmart's competitive position. "Because lower quality products are usually cheaper to produce, it is often argued that discount retailers induce lower quality in order to drive down prices. Our model suggests, however, that the competitive and bargaining position effects provide incentives to induce lower quality regardless of changes in production costs," the authors write.
Walmart is also a master at getting shoppers to buy more than they came for. It employs all of the techniques that have been shown to spur "unplanned buying," according to a recent study in the Journal of Marketing. The study found that large stores that promote the concept of one-stop shopping and can only be reached by car generate the most impulse buys. Marketing messages that evoke abstract shopping goals are also highly effective at inducing people to put more stuff in their carts.
According to the study, the least amount of unplanned buying occurs when a shopping trip involves multiple stores, each with a specific product focus, and the customer arrives on foot or by mass transit -- in other words, when you shop at small neighborhood and downtown retailers.
In a nutshell, STATISTICS. 60% of new businesses fail within their first five years.
My system applies the same diversification techniques used by stock investors to employment. Why specialize and bet the farm on one career? Instead you should have multiple income streams!
With my system, you are using assets, avoiding liabilities. You perform tasks that you were doing for free but now get paid for (searching, clicking links, watching videos). You are not spending tens of thousands on a college education that will be useless, obsolete, or outsourced. You combine practical entrepreneurship, with a frugal lifestyle, with a proven investment strategy!
My favorite income stream is selling covered calls. Did you know that over 75% of options expire worthless? That means I keep my option premium and can repeat the process all over again.
Unlike network marketing systems, you will earn income even if no one joins underneath you. And unlike the touts and come-ons all over the Internet, I document all my income streams.
The easiest way is to simply ask the banksters for our $16 tillion back. But since the banksters rule the world, I guess we won't get that!
Means test benefits. If you made twice the median salary (approximately $33,000) in your last 5 years of employment, you get reduced benefits.
Eliminate the income limits. Why should you stop paying in just because you made more than $106,800? There are no income limits on medicare.
Do not raise the retirement age. This will only exacerbate the unemployment problem as fewer job openings will occur.
Legalize and tax marijuana. That may be $40 billion to $100 billion in new revenue!
Legalize and tax sports betting. Although only 35 states currently allow "gaming", that number is sure to grow. Adding $50 million to a state budget will help to eliminate the need for federal dollars.
A natural gas based economy. Get fleet vehicles and 18 wheelers running CNG. Get Detroit making those vehicles. And export LNG to other countries (USA nat gas is $3.76 but it can be liquified and sold at $16).
I know it sounds crazy, but negative yields on governemnt bonds is occurring or has occurred over the last few months!
Germany, the Netherlands, Ireland, Austria, Finland, Belgium and France had already seen their two-year borrowing costs drop below zero.
A negative yield implies a cost to an investor. Earning a negative yield means the price paid for a bond is above par (100). That is an upfront payment to the debtor!
FED EASING = o% interest rates, buying mortgage backed secutities, and buying treasury bonds
Large corporations are buying smaller corporations with either the cash on hand (since it pays next to nothing) or borrowing the money at artificially low rates. Then they take the "synergistic savings" from the merger and buy back their own stock.
This chart says it all!
I got my homeowners insurance and the premiums rose 20%. My dwelling figure (replacement cost) went up despite lower copper and lumber prices. State Farm bases everything off this number as a percent. Personal property is 75% of the dwelling for example. The Insurance Information Institute said personal property should be 50% - 70% of the dwelling.
So I called and said I have no intention of rebuilding the exact same house in the exact same location, I was able to name my own replacement cost for the dwelling!
If you are ever in this situation, you can try what I did and raise your deductible at the same time.
All day long, MSM and politicians speak of "the budget". While annual tax revenues minus annual expenditures usually create a budget deficit, this is only part of the story.
We need to look at assets minus liabilities to get a true picture.
The United States is comprised of over 185,000 incorporated state, county, city, town, municipal, school district, pension fund, lottery, exise, and other for-profit corporations.
Each of these entities has land, buildings, investment income, and off balance sheet revenues when they sell things that taxpayers paid for (like toll roads and parking meters).The federal government also gets cash from leasing mineral rights.
With equity investments, the government owns controlling ownership interest in all Fortune 500 companies.
The hidden wealth and investment totals for all of these “collective” 185,000 corporations, when added together, equate to well over 100 trillion dollars, over 26 trillion in pension fund investment assets.