Steve’s Barking; Fall of gas prices good 👍🏾or maybe bad 👎

 What is this crazy blogger? Of course, the price of gas going down is great. Just think if the fall in the price of gas means that the people have more money to spend on goods, services, and investing.  Not only that, the price of goods should come down, and profits should go up because the price of gas would decrease the cost of delivering goods.

 Ah, but what if the price of gas collapses because there is no demand for gas because there is a deep recession and no one has the ability and the need to buy gas?

 One can make the case that the recession is caused by the high price of gas and that if gas becomes cheaper, therefore, the recession would be short-lived. 

 This foolish blogger is not positive that this would happen. Fear and possibly recent economic shock may have the unwillingness to spend. Business may even be afraid of higher back payments for those who were laid off.

 

Steve’s Barking; This Memorial Day, thankful for America’s immigrant Veterans

 This Memorial Day I’m thankful for American immigrants who fought and  some died for America.

 My American Legion post the present commander was born in Panama and one of the past commanders was born in Nigeria, showing patriotism to America. 🇺🇸 

Steve’s Barking; U S debt isn’t the end of the world

 Crazy blogger keeps reading that the U.S. interest on the national debt is more then the US takes in from revenue. Well I have a suggestion which the conservative old farts would be shocked. Slightly raise taxes on Medicare and on Social Security along with ending the cap Social Security. 

 Why would should this be done. It would strengthen both where you wouldn’t have to pay creating a bank of the United States were it strictly could borrow and not have to pay until a long time into the future. It would also protect the future payouts of those two government programs. 

 On paper you have debt, but in real life you are not paying it as you are now.

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If the U.S. was serious about paying off it debt and still have a vibrant country it would increase slightly the capital gains tax.

Steve’s Barking ; Is Elon Musk really worth what we think he is?

 Elon Musk is a genius at what he does. There I said it, even though I’m not sure he truly understands the science of his companies. He’s genius is controlling companies and selling the idea of these companies to the general public. In my mind there’s no one better.

 One’s net worth is based on worth of assets minus debt. Now as I understand it the general public has a pretty good idea of Elon’s gross worth but we the unwashed have no idea what his debt is. 

 That being said I (we) have no real idea of what Mr. Musk’s net worth really is.

Steve’s Barking; Are we all colonists ?

 This stupid blogger claims that we are ALL colonists. That can’t be, because if you read the majority opinion it’s the other guy who’s a colonist.

 My way of thinking is that we or our ancestors came from a different land. And after awhile the world grew into clusters ( tribes, then super tribes known as countries) were other tribes came along and took the land and the resources sometimes we even took over people and we made them slaves. 

 This can be considered colonialism even if you came from just over the hill.

 Oh being a colonist is a terrible thing so we and our ancestors are terrible.

Steve’s Barking; The death of education industry?

 I, this crazy blogger keeps hearing of more and more graduates of high school questioning the rationale of going to college. Thir claims that the jobs that they are going to get are on par with many new jobs that you don’t need a college degree.i

 There is also the debt of going to a private and in some cases public college. That the debt keeping the student poor for years to come after they have gotten their degree.

 There is also the fear that artificial intelligence computers will make many of the jobs now done by college graduates obsolete.

 If there is a ground swell of this thinking does one think that few and few students going to college. If fewer students wanting to go to college hurting the enrollment, perhaps many of the colleges and universities will have to close down, hurting the education industry so bad that one might say that the education industry might be on its death bed. 

Steve’s Barking; The cost of AI

 What is the cost of AI?

 Looking at the papers the cost of AI is trillions. That’s seems to be more then what is in circulation,

So we’re the Ai companies getting the money? A lot of it’s coming from the banks or so it seems. That’ s the people money.The people don’t have that kind of money and even if they did how are the borrower banks going to give the money back?

 Who is going to afford AI? So how is the AI companies going to return money to the banks and the banks in turn toward their borrowers?

 The second cost of AI is will it take away from human brain power? Will we all turn to AI to do our financial figuring? Will we turn to AI to do our thinking? Our memories and our history? Will the cost be the end of human higher intelligence giving way to machinery? Will that be the non money cost of AI?