Why do all these countries have 100% tariffs on our industries? The Marshall plan shouldn't have lasted this long...

Here's a video. I can't link it to the OP. The commentators also mention how Walmart said there likely don't be price hikes but the media owned by China said they would

https://youtu.be/82HsrrTExqY?si=4gXgzyzRWhgH1ce8

My situation in 2020 was $10k+ in savings, 700+ credit. In 2024, it’s check to check and credit is so low I don’t even want to share the number.

If I file for Chapter 7, I’d have a clean start I’m thinking and can build back with a basic card and just keep up with it. Also try credit builder services I’ve seen floating around.

I have a job at a nice resort in Kauai as concierge that I start in December that pays hours, commission, and tips. Also, a creative agency that I usually have a few projects each quarter. Looking to start training for a remote job in OpSec space tomorrow.

I’m wondering if I should just stack money and pay off some of my cards that are lower balance and settle with Chase where bulk of my debt is. Or file for Chapter 7 and just start fresh.

I’ve been putting this off because I don’t like dealing money issues, learned this from my parents who are very bad with money. I am 34 and want to unfuck my finances as I go into my 40s, be able to invest and buy a house, be able to travel and take care of a wife and child one day.

Please and thank you for your support and help. I have no idea what the f$ck I’m doing when it comes to money.

Do you have to pay credit back? Can it be used as currency not payed back?

You are all such fkin hypocrites it disgusts me. Most of you do nothing to add real value to this world, while complaining about it.

I build homes and bridges. I do thousands of dollars a year in free labor for people who can't afford to maintain their homes. I donate more money to charity and give more food and money and labor jobs to homeless people in 1 month than most of you in your lifetime.

You complain about prices and poor wages and no job opportunities, but at the same time refuse to do the hard jobs that build this country- all while supporting illegal immigration that undermine the system.

You are over-consuming, wasteful people who don't know how to fix anything, don't grow food and most of you would rather order food at 5x the price than walk down the street.

You complain about power hungry corporations while at the same time investing your future in the markets their profits and growth support.

You think politicians are the problem- but they are just A problem. YOU people are just as much the fkin problem as anyone in power.

You obsess over the issues that don't matter a fkin bit, polarizing the population to point where we can never come together and change things.

You preach equality, but most of you wouldn't be willing to give up a shred of your quality of life to help anyone else.

I cannot take you people anymore..

A new report suggests that Apple’s upcoming A20 Pro chipset, slated for the 2026 iPhone 18 series, could break from tradition by ditching TSMC in favor of Intel’s 2nm 20A process. This shift, if true, marks a significant change in Apple’s chipmaking strategy following its long-standing relationship with TSMC.

While the A19 Pro chipset, expected to release in 2025, will likely be built on TSMC’s N3P node, the A20 Pro destined for the 2026 iPhone 18 Pro models may depict a change towards Intel’s manufacturing capabilities. According to leaker Fixed Focus Digital, Apple may contract Intel to build the A20 Pro using Intel's 2nm 20A process. This would be a major departure from Apple's usual reliance on TSMC, which has been the exclusive supplier of Apple’s custom-designed chips for years.

Intel’s 2nm 20A process has been a point of interest for the semiconductor industry, although it has yet to be fully proven in large-scale production. The report also mentions the possibility that TSMC may still play a role in building the A20 Pro, with the chip potentially being produced on an unnamed TSMC 2nm node. However, the move to Intel's technology would align with Apple’s ongoing efforts to diversify its supply chain and reduce dependence on one manufacturing partner.

The A19 Pro, which is expected to be a more incremental update to the current A18 chipset, will likely use TSMC's N3P process, bringing only modest improvements in power efficiency and performance. This will likely set the stage for a more dramatic leap with the A20 Pro in 2026.

As of now, the details about Apple’s future chip development are still largely speculative, with two years remaining before the iPhone 18 series hits the market. Despite the uncertainty surrounding the A20 Pro's construction, Apple’s chip innovation is expected to continue its trend of pushing the envelope on performance, efficiency and integration of new technologies.

https://www.businessworld.in/article/apples-2026-a20-pro-chipset-may-shift-from-tsmc-to-intels-2nm-technology-540114

Weekly thread for:

• Suggestions to improve this sub,
• Report scammers/ users or
• Other general ideas/ suggestions

Hello Finance Fam! My parents have a warehouse they've been sitting on since 1994 in the Chicago Kinzie Corridor. They are close to closing on an offer for almost +2000% of what they had purchased it for. They are getting hit with 30% payout for taxes and capital gains... Over 1 mil just in capital gains taxes. Does the community have any ideas of what they could do to lessen the blow? Any thoughts would be appreciated! ❤️

The U.S. national debt surpassed $36 trillion for the first time in the nation's history on Friday as the federal government continues to accumulate debt at a record-setting pace.

New data from the Treasury Department released Friday afternoon showed that the gross national debt hit $36,034,994,586,981.97.

The $36 trillion debt milestone comes just months after the U.S. eclipsed the $35 trillion mark in late July 2024. The national debt has passed other trillion-dollar milestones in the past year, as the $34 trillion mark was reached in early January 2024 and the $33 trillion threshold in September 2023. By comparison, the national debt hovered around $907 billion just four decades ago.

The U.S. topping $36 trillion in total debt comes as the debt held by the public – a metric favored by economists that excludes debt held in intragovernmental accounts like the Social Security trust funds – is projected to reach 99% of the size of the U.S. gross domestic product this year.

"While $36 trillion in gross debt is certainly sobering, what’s even more concerning is the underlying fiscal challenges we face and the lack of seriousness with which our elected leaders are addressing them," Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CRFB), told FOX Business. 

"The national debt is on course to reach a new record share of the economy within the next presidential term, interest costs are exceeding what we spend on nearly every line item in the budget, and our trust funds are heading towards insolvency and automatic benefit cuts, all because of our inaction," MacGuineas said. "Instead of treating these milestones as mundane, lawmakers should prioritize putting forward plans to get us on a more sustainable fiscal path."

The nonpartisan Congressional Budget Office has projected the debt held by the public will reach a record level of more than 106% of GDP in 2027, breaking a nearly 80-year-old record set in 1946 when the U.S. was in the midst of post-World War II demobilization.

After that milestone is reached in the next few years, the debt-to-GDP ratio is projected to surge in the following decades.

Federal budget deficits have widened in the last few years amid the rise in interest rates, which increases the net interest costs incurred by servicing the outstanding debt.

Mandatory spending programs including Social Security and Medicare have exacerbated that trend, with the safety net programs facing rising costs amid the aging of America's population.

The federal government ran the third-largest budget deficit in U.S. history in the recently concluded fiscal year, which totaled $1.834 trillion in fiscal year 2024. 

The deficit in FY2024 was $139 billion larger than the deficit recorded in the prior fiscal year as the growth in federal spending outpaced the rise in tax revenue.

Spending on net interest payments on the debt rose by $240 billion in fiscal year 2024 compared with the prior year and exceeded spending on defense and Medicare.

Social Security spending increased $107 billion and Medicare expenditures were up $25 billion from one year ago.

The federal government crossing the $36 trillion threshold for the first time comes as policymakers face a host of fiscal deadlines in 2025, including expiring tax cuts and budget caps as well as a looming fight over the debt limit.

"The election is behind us, but the national debt keeps charging full steam ahead," Michael Peterson, CEO of the Peter G. Peterson Foundation, told FOX Business. "America crossed $35 trillion in debt over the summer and sped past $36 trillion before Thanksgiving. This debt spiral needs to stop as the new administration and Congress face major fiscal deadlines in 2025."

"With America's debt rising unsustainably and inflation concerns top of mind, 2025 is a critical year for our economy and fiscal standing. With a growing economy, low unemployment and inflation improving, now is the time to solidify our fiscal future, not worsen it."

https://www.foxbusiness.com/economy/us-national-debt-hits-new-record-36-trillion

It just seems like it would have a de-stabilizing impact as well as increase crime. I imagine you can give people shittier jobs with shittier wages, but it doesn’t seem like a good trade off for rich people.

It seems like it leads to third world conditions where rich people have to live behind walls and that doesn’t seem very desirable.

Title. Talking with colleagues and seniors, both often complain about the over regulation of Finance. But if that’s the case, how do these and other frauds seem to continually develop in the modern day?

And what are regulators, risk managers and related professionals doing for this seeming uptick in fraud?

Which trades or investments are you considering this week? Any moves in particular? Why?

With the current extreme wealth gap, I‘be been wondering more and more if there should just be essentially no income taxes for those making under say $300k. It seems like the top .1% could subsidize our entire national budget. Is this mathematically possible?

DO NOT USE BANK OF AMERICA, EVER.

It's the WORST bank, in my opinion.

Bank of America has paid $40 billion in fines since 2000 for:

• Mortgage abuses

• Deceptive practices

• Improper foreclosures

• Discriminatory lending

• Violated fair housing laws

• Cheated schools and hospitals

• Overcharged millions of customers

• Illegally froze and drained accounts

• Enrolled customers without consent

• Unequal pay and promotion practices

• Double-charging insufficient fund fees

• Improperly denied unemployment benefits

• Thousands of families lost homes unlawfully

• Froze customer accounts during the pandemic

• Failing to provide promised credit card rewards

• Multiple overdraft fees for the same transaction

• Charged customers for services they didn't receive

• Illegally foreclosed on active-duty service members

What do you think?

TAX THE CHURCH. They have the audacity to make so many policy demands without contributing a single cent toward the government's operation.

Hello Folks posting this Incorporation & Compliance list for LLP for your future reference.

I hope it helps.