turnip

joined 5 months ago
[–] turnip@lemm.ee 12 points 3 months ago (2 children)

I'd assume because we are allied with Ukraine, and you'd see the opposite in Russia.

[–] turnip@lemm.ee 6 points 3 months ago* (last edited 3 months ago)

Thats it, nobody can do anything now because the US voted for an fat orange turd after running their finances in the worst way they possibly could for the last 50 years?

[–] turnip@lemm.ee 0 points 3 months ago* (last edited 3 months ago) (1 children)

I said so many disparate things, I'm not regurgitating a blog I read, there is no single source.

[–] turnip@lemm.ee 1 points 3 months ago

Sorry I mean drug treatment.

[–] turnip@lemm.ee 3 points 3 months ago* (last edited 3 months ago) (1 children)

It went from Backtrack to Kali. I've never heard of whoppix tho.

[–] turnip@lemm.ee 6 points 3 months ago (1 children)

Why Alvin tho?

[–] turnip@lemm.ee 2 points 3 months ago* (last edited 3 months ago)

"Leave your 500k mansion for a 2 million dollar crack shack in one of our fine cities; though you will need to pay higher taxes you'll luckily be in a lower tax bracket since you'll be making half as much!"

I still remember when Vancouver was trying to entice tech companies to move there by advertising Vancouvers low salaries.

[–] turnip@lemm.ee -2 points 3 months ago* (last edited 3 months ago) (2 children)

Well forcing the drug treatment ~~lockup~~ of people addicted to hard drugs would probably do a lot to hurt the gangs that are funded via selling hard drugs. I'm assuming most of the gun crime is gang related violence.

[–] turnip@lemm.ee 2 points 3 months ago* (last edited 3 months ago)

Well I think a big issue with that is monetary policy. Which bids up the price of goods using debt, as everything becomes financialized. It used to be a mortgage had a real physical cost as a lump of gold moved around, now its just numbers in a computer created out of the ether, and this bids up the cost of living in order to derive what we call economic growth. A transfer from the young to the old essentially.

The 2% inflation we attempt to achieve is after hedonic adjustments, substitutions, and investments are taken out, and so the money supply grows at 10% a year as people are clinging by the skin of their teeth to eek out more aggregate demand to attempt to infinitely grow an economy.

The 2% inflation was decided in the 90s with no real logic put forth as to where it would lead, and its obviously lead to huge bubbles and asset inequality as people try to profit off the first mover advantage of their debt being debased, as the CPI was progressively modified to loosen the money supply to promote more economic growth over time.

In the late 80's they removed housing appreciation from the CPI for instance, and what do you expect that did to home prices? They did that to fix another problem with the CPI, which was that raising interest rates raised inflation during Volcker, making it a feedback loop that lead to the double digit increase in rates. So it was already broken and it was then patched like it was a car held together with duct tape.

[–] turnip@lemm.ee 8 points 3 months ago

The real problem I see is its tied to our money supply.

-The mortgage acts as a gatekeeper for an inelastic good that is necessary for life and procreation, hence the youth are forced to sign up for it, which grows the money supply when they take out the mortgage. This means the price is always being bid up and will fill whatever available debt bucket people can attain.

-This newly created currency goes from the bank to the boomer, the boomer spends the money, and it grows aggregate demand.

-This then funnels down into goods prices, counteracting deflation due to technological progress; counteracting CPI deflation such as hedonic adjustments and subtitutions; counteracting money taken out of circulation rather than being spent, by it being invested into alternative investments; leading to our 2% inflation target.

If the price of homes fall then you get a virtuous cycle of people no longer taking out mortgages, as no one wants to catch a falling knife, leading to a dramatic fall in the money supply. So instead we push the bubble higher until it finally becomes unsustainable. Its really a fundamental problem with our entire monetary system as far as I see it, and will inevitably always lead to the kind of demographic collapse we are seeing.

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