Steve’s Barking; Question of the day is a person who has $100,000 in liquid assets richer then a multi billionaire?

 Sounds like an idiotic question, how can a person who only 100,000 dollars in a checking account be richer then some one who is supposed to be worth billions of dollars. Well if the person who has $100,000 and has no debt except living expenses and has income that more then covers his living expenses then his net worth is over $100,000. 

 A so called billionaire who has his money tied up stocks and Real estate and his income which may be huge doesn’t cover expenses, so he borrows against his holdings really richer then the person who has liquid $100,000.

 Don’t forget gross value of stocks and real estate fluctuates and some even collapse.

 What happens to the person if he can’t borrow against his holdings? Is he bankrupt?

 If the holdings go down greater then his debt, is his net worth negative, especially compared to the person who has $100,000 liquid.

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 If the person who has $100,000 liquid in the bank and the bank loans money to billionaires is the person with money in the bank third party holder of the billionaire’s debt?

Steve’s Barking; If you have money in the American market and it goes up can you still lose money

 If you have money in the American stock market and it goes up, can you still lose money? Sounds like a stupid question, if the stock you own goes up of cause you’re wealthier, unless the dollar does down against other currencies. Is it possible that that lets say the Euro goes  way up against the dollar in reality you wealth is going down. Is it possible that if inflation is greater then the growth of your stock, then therefore the value of your stocks even though it went up in dollar terms is actually losing value?

 

Steve’s Barking; If you’re not ignorant then you’re stupid

 As I grow older I have a great desire to learn something new every day. If I am learning something new every day then yesterday I was ignorant of what I learned today. If I think I know everything then I must be G-d, because I know I’m not G-d then I know that I’m ignorant of many, many things. If I believe that I know it all then I’m stupid. Even in things that I have pretty decent knowledge, I don’t know it all and because I realize that I don’t know it all keeps me from being stupid.

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I hear on the idiot box from people whom tell those who happen to be listening (looking) on this particular show from some supposedly knowledgeable person who gives only part of the story and because they give only a partial part of the story the story is incomplete at best or totally wrong as in most cases.

Steve’s Barking; American sports hall of fames,

 This blogger was a lover of baseball hall of fame, even going to the Cooperstown hall of fame. When y ( baseball hof ) . Ah there is an outrage of the football hall of fame because the winningest Super Bowl couch of all time wasn’t elected on the first ballot. Ah what is being reported that someone leaked the information that Bill Belichick wasn’t a first time elected into the hall. The committee is up in arms about the leak. The committee should be up in arms about the small amount of football retirees who can be elected. In this blogger’s opinion there are greats who will never be put into the hall of fame. Again in this blogger’s opinion’s yep couch Belichick should have been elected right off the bat, but because of the goofy rules( my opinion) possibly some of the voters didn’t vote for him be leaving that he would get in despite them not voting for him but their hope was one that they voted for that hadn’t been voted in and should’ve been would get enough votes. Nice idea, but a greater idea would be the changing of the rules that perhaps quadruple the amount that can be voted in. If not quadruple at least double for the next ten years while those who saw the old timers and know how great they were and not being looked at.

 Now let me write about the foolishness of the baseball hall of fame. Some other greatest players of my time are better denied because of cheating. No Bonds, no Sosa, No Clemens. Yet Roe who admitted to cheating is in.   Niekro who was caught with doctoring the ball with an Emory board in his pocket is. Perry who admitted to throwing a spitball is.

 What about Mr. Rose who was a tremendous hitter but bet on games so he’s not in, yet persons like Cobb and Speaker was charged with actually throwing games are in ( never proven)

 (/This writer not they taken about gambling on games that you not involved in is no big deal).

 This old man has become ho, hum on American Sports hall of Fames.

Steve’s Barking;Border police in Minneapolis huh

 I’m Confused what the heck is the border police doing in Minneapolis which is miles and miles from the border? Is that a misuse of federal agents because ICE can’t handle its job? I guess ICE agents are like the wicked witch from the Wizard of Oz. Are they melting?

Steve’s Barking; It’s imperative that Social Security has a trust fund

 Social Security’s has negative balance, and because it has a negative balance the U.S. treasury is paying what is owed to the recipients. They takes money away from paying things like the arm forces, paving roads and other essential services so the treasury has to double the borrowing weakening the U.S. dollar. The treasury used to borrow from the Social Security trust fund to help pay the bills, but as of now the treasury is hit with a double whammy of paying off what it has borrowed from Social Security and paying for essential services ( and not so essential services).

 My suggestion is to do away with the cap on what is taxed.

 In the near future Social Security will be paying only 79% or less to the recipients of Social Security, they may leave some of the stress on the treasury, but in all likelihood it will put a stress on the U.S gross domestic product because there will be less money in circulation, especially for those who have little or no other retirement money.

 The ending of the cap on what is taxed should have been done way in the past, The United States needs to refill the Social Security trust asp to shore up its finance's.

Steve’s Barking; Dollar collapse, loss of wealth ?

 Ah I keep hearing of these multi billionaires and how wealthy they are. Now let me get this straight ( I could be absolutely wrong) but isn’t their wealth is in terms of the dollar? Now I also understand that the dollar is falling in terms of other currencies of the world.  Now what happens if dollar turns into value less then the Mexican peso ( I know that there may be some snarky people out there who if they were to read this would fall off their chair in laughter). I being who I am look at those countries that are selling the United States debt, therefore weakening the dollar. The Cheapening dollar by printing more dollars. The Looking of countries to make trade deals that exclude the United States, because of the high tariffs. The no need to buy American products because of these trade deals, therefore less need for the American dollar.

 Now of course these billionaires will still be billionaires ( maybe) but their worth in the terms of foreign currency will not be the same.

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The weakening of the Social Security system is another attack on the dollar, but I’ll leave that for another post.