Are Timeshares Driving Americans Bankrupt?

Read the news, and you’ll find plenty of reports of people struggling financially during the COVID-19 pandemic. However, a recent flood of reports discussed the issues timeshare owners have been having with their property. These individuals struggle to make their bills but can’t get rid of their timeshare. This problem could be driving a whole wave of bankruptcies for many frustrated and working Americans.

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What Role Does Gold Play in the Economy Today?

When it comes to ensuring you and your family’s security remains intact, gold is always the way to go. Investing in the stock market is risky, and other investments may lose their value. And even if you have a thriving business, you never know what the future holds. However, when it comes to precious metals, like gold, you can’t go wrong. And even though the economy has been very shaky and uncertain these days, gold still remains supreme.

With everything said, gold plays a very important role in the economy when it comes to financial security. The following includes how gold investors utilize this gold to achieve this:

Offsetting the decline of the stock market

The stock market always goes up and down, even if you are well-versed in the stock market game. Even when you have a great portfolio of mutual bonds, and so forth, very unusual situations do occur sometimes and may negatively affect these great investments.

It is also the best hedge against the stock market crash as shown in many instances in the past. The thing is, however, the price value of gold may reduce when the stock market is recovering from its nosedive.

And so, gold is mostly a safe haven. It can serve as a guard against excessively negative effects as a 10-kilogram box on a human spine. The weight of this heavy box will be around 180 kg of force on a human’s spine.

On the other hand, it is best to have gold as one of your investments in your investment portfolio. This way, gold will serve as an anchor during a bad stock market trend.

Hedge Against the Effects of Inflation

Did you know that $1.40 is added to the economy every time $1 is spent in manufacturing? This may not seem like much, but its multiplication effects can be effective, and it sounds good.

However, inflation occurs sometimes, and inflation is the decreasing value of money purchasing power as prices increase. Gold, however, will counter the negative effects of inflation.

Counteracting the Declining Dollar

There are conflicting reports over recent and other years saying contradictory reports about the dollar. Most of the time, reports say that the dollar is declining, and other times, there are reports that the dollar is firmer. And while that may be true, it is still uncertain, and that is why gold investment is still very important, just in case.

Scarcity Value

Even though the national currencies are more convenient to obtain digitally, they lack a crucial element that gold has which is scarcity. Because of this element, gold is considered precious. The expense and difficulty to extract gold from the ground and the scarcity of it make gold more valuable.

Investors in modern and ancient times found the extreme value of gold due to its scarcity. In fact, the US used what was referred to as the ‘gold standard‘ until 1933. The gold standard includes the Federal Reserve’s obligation to issue gold as a portion of currency as a backup. Also, gold usually proportionately increases in value as a fiat currency’s value drops.

Longlasting Value

It is not feasible to predict the price of gold in a short span of time. However, it is well worth keeping gold. This sentiment is especially true when a crisis occurs.

When it comes to ensuring your loved ones and you are financially secure during uncertain times, gold is the way to go. The role of gold today is to maintain financial security. It is critical to have it for the following reasons: It offsets the decline of the stock market, hedges against the effects of inflation, counteracts the declining dollar, and has long-lasting value.

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Why Should You Call a Professional for Home Maintenance?

Home maintenance is one of those things that you may feel need a personal touch to get right. It’s your home, after all. However, you may want to skip the DIY for this one, creating a nest egg instead to cater to the cost of getting a professional to do your maintenance for you. Here are five reasons why you’d be better off signing on for the services of a professional.

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How Can We Prevent Drug Use in America?

Drug use is a major problem that has developed exponentially over time, becoming an issue that needs intervention. Change is necessary in order to save the coming generations from falling into the same trap as the current one and so this is an important discussion. Read on to see five key ways in which we can prevent drug use in America.

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Women Continue to Break Into Male-Dominated Fields

The world is witnessing many changes in the way things are done, and one of these is having more women break into male-dominated fields. With people letting go of traditional preconceptions and giving people work based on their abilities rather than sticking to gender roles, this change brings hope for women drawn to fields considered ‘male’. To get a few ideas of how you can succeed in a male-dominated field, have a look at these five tips.

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How to Help Your Child Ease Back into School

There’s no denying that the past year was chock-full of activities that changed many people’s regular life routines. Things have settled down into a new normal, however, and school is one of these things. If you are wondering how you can help ease your child back into school, have a look at the five tips below.

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America Has an Individualism Problem

Americans emphasize the individual and take away emphasis from the collective. In this individualistic culture, the needs of the individual are placed above the needs of the whole. Everyone is unique, autonomous, and the social behavior that we know is dictated by individual attitudes and preferences. However, is this individualism really beneficial? Or does it unintentionally harm the population as a whole?

America has an Individualism Problem, and it may not be fixable.

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What Do Tesla’s Robots Mean for the Future?

Tesla is working on a new project not too far off from what is seen in popular science fiction, the Tesla Bot. Technology continues to grow at a rapid and exponential pace. Dating all the way back to Ancient Greece, there were people experimenting with electricity. This was 2,000 years before Benjamin Franklin made his own electrical discoveries. Now, a little less than 300 years after Franklin’s experiments, technology has advanced to the point to create AI laborers. Most people, even those born in the mid to late 1900s could likely not even guess that society would have advanced technology as much as it has over the past 50 years.

Elon Musk announced the new AI Tesla Bot and has stated that the robots’ purpose would be to eliminate the need for humans to do dangerous tasks as well as boring or repetitive tasks. Rather than have the robots solely work on earth, in spaces with only humans, the robots are also planned to eventually work on Mars.

Economy Growth Predictions

Musk has mentioned that he believes the Tesla Bot would have a great impact on the economy. He, among other scientists in Silicon Valley, believes that in the future working will be a choice, and there would be a universal basic income. With the creation of AI laborer robots, there would be fewer costs for businesses. In the 2016 to 2017 fiscal year, workers were compensated around $40,051 per employee. The total costs of compensation would greatly decrease if their workforce were to include AI workers. The potential increase in AI laborers would be a decrease in jobs. Businesses would have the opportunity to employ fewer humans and instead have a mix of human workers as well as AI laborers.

Society has already seen automation and a decrease in specific jobs. This automation has made lives easier in many ways. Automation is used in so many processes, including mining and construction. With these automation processes being commonplace, AI labor is one of the next logical steps. With automation, computer numerical control, or CNC, is used to control machining tools. CNC has been used since around the 1940s and has helped to push society toward more complicated automation and computers.

Humans Still Have Autonomy

Though these bots are designed to make life easier for humans by reducing human involvement, their involvement becomes more important. If there is an error that automation cannot work around, humans can step in to correct the problem or to fix the robot. It is in this same sort of scenario that people are worried about. The public are worried about flaws in machines such as this. Whether there is a simple flaw in the coding or a malfunction that may render the machine useless. There is also the issue of whether the AI robot may become violent and what that would mean for anyone in the surrounding area. Musk has said that the Tesla Bot would be fairly light and easy to take over if necessary. This concern of robots taking over or being violent towards humans is not new. One instance of this idea came up in the 1950s, in a science fiction anthology titled “I, Robot.” This is also where the laws of robotics came about in a more concrete way. In other stories before, there were mentions of similar ideas.

Elon Musk has set 2022 as the year the prototype would be out. This is a soft release date because, in the past Musk has given out news regarding Tesla, and that has not turned out in the way that it was expected to. Projects in the past have been canceled, or have been exaggerated and overpromised when it comes to unveilings.

Projects like the Tesla Bot are one of many promising futures and developments in technology. As technology continues to advance, more audacious projects are likely to come about as well.

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