I compare tele-medicine to having a good friend tell you all about the wonderful concert you missed, instead of you being there at the concert in person.
Yes, certainly it has advantages and certainly it is more convenient, and the additional profit for the doctor's business is not to be ignored. And undoubtedly with some doctors it will be no different. But it is an addittion, not a substitute. THAT must be understood.
While some prices may not be rising, FOOD prices seem to be climbing quite a bit. So while the explanation for the increase may not point directly at inflation as the cause, the effect is similar.
In addition, the inflation may not be an instant result.
I am hoping that there would be enough additional regulation applied to prevent a recurrence of these events. Removing some players from the roster seems like some small part of that action.
It is great news about the vaccine, and it should be available in about 18 months, if all goes well.
Of course, a lot can happen in 18 months. But the FDA may rush things and allow the vaccine to be use in only one year. Things will be quite different by then is one thing that is certain.
The refusal to acknowledge the pandemic and close the borders in time was the start of a string of poor choices by those who should have done much better. Unfortunately they fit perfectly with the mindset that has been increasing the governments debt by huge amounts recently. But that problem started quite a few years back, it was getting worse more rapidly prior to this pandemic starting. So we have two disasters happening at once, and no real cure available for the financial disaster in sight.
The successful use of any cryptocurrency requires both rather sophisticated computer systems and a fair amount of user understanding and skill. While the lack of understanding and skill can be removed through education,, the lack of the hardware is due to the lack of assets to pay for it. In addition to the cost, such a system also need operators to implement it.
And the motive for any organization to provide the hardware and the operations and the education will be profit rather than generosity, unless there is rather massive change in human nature and behavior.
In addition, while blockchain may be fairly resistant to hacking it is not likely that institutions will suddenly be immune to corruption.
Certainly the present path will end. Creating "money" while also adding debt, which must be repaid eventually, will have to cease. And so other means to keep the economy going will need to be found. But probably at the expense of NOT keeping it GROWING. So the change will bring a whole lot of pain to a small segment of folks, and demand an adjustment of life style to a whole lot more folks. Part of that adjustment will be caused by inflation, when the wealth I have worked for will buy much less than it used to buy. My hope is that the general population will understand what happened, and why, and what actions and motivations were the cause. Hopefully there will be NO forgiveness towards the institutions responsible, and they will never be allowed to play with finances ever again. And hopefully this will all happen without blood being shed. I really dislike warfare.
While the disease transmission property of money has been known for many decades, now it is a bigger deal since a card in the slot is totally touchless. And ceertainly with prices ever rising it is less convenient to carry an adequate supply of currency and coins.
But there is also a serious downside to the digital cashless lifestyle, and that is a total lack of privacy. Because the accuracy of identity is critical to all cashless payment systems it is easy to see what folks spend their wealth on, and all of this information is passed on to the card issuing organization for billing purposes. Thus what one spends money on, and also WHERE one spends it, is no longer at all private. And it is likely to become even less private in the future. Certainly advertisers will want to know what you buy so that targeted ads cab be delivered. And that is just the beginning of the invasion.
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I compare tele-medicine to having a good friend tell you all about the wonderful concert you missed, instead of you being there at the concert in person.
Yes, certainly it has advantages and certainly it is more convenient, and the additional profit for the doctor's business is not to be ignored. And undoubtedly with some doctors it will be no different. But it is an addittion, not a substitute. THAT must be understood.
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While some prices may not be rising, FOOD prices seem to be climbing quite a bit. So while the explanation for the increase may not point directly at inflation as the cause, the effect is similar.
In addition, the inflation may not be an instant result.
Some poisons act more slowly that others.
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I am hoping that there would be enough additional regulation applied to prevent a recurrence of these events. Removing some players from the roster seems like some small part of that action.
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It is great news about the vaccine, and it should be available in about 18 months, if all goes well.
Of course, a lot can happen in 18 months. But the FDA may rush things and allow the vaccine to be use in only one year. Things will be quite different by then is one thing that is certain.
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The refusal to acknowledge the pandemic and close the borders in time was the start of a string of poor choices by those who should have done much better. Unfortunately they fit perfectly with the mindset that has been increasing the governments debt by huge amounts recently. But that problem started quite a few years back, it was getting worse more rapidly prior to this pandemic starting. So we have two disasters happening at once, and no real cure available for the financial disaster in sight.
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The successful use of any cryptocurrency requires both rather sophisticated computer systems and a fair amount of user understanding and skill. While the lack of understanding and skill can be removed through education,, the lack of the hardware is due to the lack of assets to pay for it. In addition to the cost, such a system also need operators to implement it.
And the motive for any organization to provide the hardware and the operations and the education will be profit rather than generosity, unless there is rather massive change in human nature and behavior.
In addition, while blockchain may be fairly resistant to hacking it is not likely that institutions will suddenly be immune to corruption.
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Certainly you are correct.
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I have never liked any aspect of facebook and I like it much less than that now. I wish them "Lots of luck," and every bit of the luck BAD.
TalkMarkets Tuesday Talk: The Old Up And Down
Certainly the present path will end. Creating "money" while also adding debt, which must be repaid eventually, will have to cease. And so other means to keep the economy going will need to be found. But probably at the expense of NOT keeping it GROWING. So the change will bring a whole lot of pain to a small segment of folks, and demand an adjustment of life style to a whole lot more folks. Part of that adjustment will be caused by inflation, when the wealth I have worked for will buy much less than it used to buy. My hope is that the general population will understand what happened, and why, and what actions and motivations were the cause. Hopefully there will be NO forgiveness towards the institutions responsible, and they will never be allowed to play with finances ever again. And hopefully this will all happen without blood being shed. I really dislike warfare.
Cash Bans Coming To Your Town Next: 3 Stocks Driving The Trend
While the disease transmission property of money has been known for many decades, now it is a bigger deal since a card in the slot is totally touchless. And ceertainly with prices ever rising it is less convenient to carry an adequate supply of currency and coins.
But there is also a serious downside to the digital cashless lifestyle, and that is a total lack of privacy. Because the accuracy of identity is critical to all cashless payment systems it is easy to see what folks spend their wealth on, and all of this information is passed on to the card issuing organization for billing purposes. Thus what one spends money on, and also WHERE one spends it, is no longer at all private. And it is likely to become even less private in the future. Certainly advertisers will want to know what you buy so that targeted ads cab be delivered. And that is just the beginning of the invasion.